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Steel
02/17/2011Russia is the world's fourth largest steel producer, with major plants in Cherepovets, Lipetsk and Chelyabinsk. Russia produced a total of 66.5 million tons of steel in 2010, up 10 percent from the 59.4 million tons produced in 2009.
LISIN, Vladimir Sergeyevich
Chairman of the Board NLMK
05/04/2010Vladimir Lisin (Владимир Сергеевич Лисин) was born May 7, 1956 in the Russian city of Ivanovo. After working his way up through the ranks of the Karaganda Steel Plant in Kazakhstan in the 1980s, he became a major player on the post-Soviet Russian steel market. He has been chairman of the board of Novolipetsk Steel (NLMK) since 1998.
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Novolipetsk Steel (NLMK)
Russian Steel Company
10/21/2011
Novolipetsk Steel (Новолипецкий металлургический комбинат НЛМК) is Russia’s third largest steel producer, and produced 11.9 million tons of crude steel in 2010. It posted revenues of $8.35 billion last year.
NLMK is headquartered in Lipetsk, 500 km South east of Moscow, and is listed on the LSE. The area around NLMK’s key asset, Novolipetsk Iron and Steel Mill, has been home to iron production since the 18th century. The steel plant that stands there today was built in the 1930s and privatized in 1993, when company shares were issued to employees.
NLMK employs nearly 60,000 people and primarily produces flats, semi-finished steel products and electrical steels. It owns a 97 percent stake in Stoilensky GOK, Russia’s third-largest iron ore producer, which allows the company to be self-sufficient in that material. It is also self-sufficient in coke and has 80 percent self sufficiency in scrap and 45 percent in electricity.
Vladimir Lisin has been chairman of NLMK since 1998. The company has over 12.6 million tons of steelmaking capacity.
