NLMK increases investments to $2 billion in 2011

Thursday, 31 March 2011 13:57:17 (GMT+3)   |  

The Russian steelmaker Novolipetsk Steel (NLMK) has announced that in 2011 it plans to increase its investments to $2 billion to continue to implement projects within the scope of its technical upgrade program, which aims to increase crude and rolled steel output, raise product quality, improve production efficiency and increase the output of high value‐added products. In 2010, NLMK's overall сapital expenditure totaled $1.463 billion - up 31 percent year on year. The sum of organic investments made during the last five years is about $6 billion.

Long products division

Site

Project

Goal and planned capacity

Completion (estimate)

Kaluga mini-mill

Construction of an EAF and long steel rolling facilities

1.65 million mt of crude steel

2012

Mining and raw material production

Site

Project

Goal and planned capacity

Completion (estimate)

Stoilensky

Commissioning of the IV section at the benefication plant

Increase mining and benefication capacities

2011

Stoilensky

Construction of pelletizing plant

6 million mt

2014

Zhernovskoe - 1

Construction of the mine and enrichment facilities

up to 3.6 million mt of coking coal concentrate of (GZh and Zh grades)

2014

Usinsk

Construction of the mine and enrichment facilities

up to 2.7 million mt of coking coal concentrate of (2Zh and Zh grades)

2018

Steel segment

Site

Project

Goal and planned capacity

Completion (estimate)

Novolipetsk

Complex of the projects:

1. BF No. 7

2. Steelmaking facilities upgrade

3. New BOF

Expand steel production capacities to 12.4 million mt

2011

Novolipetsk

Construction of a waste treatment heat and power plant

+150MW

2011

Novolipetsk

Construction of PCI facilities

Reduction of coke and natural gas consumption. Replacement of the materials by steam coal

2011-2012

Novolipetsk

Expansion of HRC production capacities

+400,000 mt

2011-2014

Novolipetsk

Construction of a CRC mill

+350,000 mt

2013

Novolipetsk

Revamping of transformer steel production

+60,000 mt of high permeability steel

2011

Novolipetsk

Construction of a color‐coating line

Production of thin pre-painted steel

2011 (completed)

DanSteel

Expansion of plate production and product mix

Development of new grades of high‐strength thick plates

2012-2014

VIZ-Stal

Upgrading of transformer steel production

Ensure technical capability for high‐permeability transformer steel production

+70,000 mt

2013-2014

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