NLMK signs supply agreement for electrical steel

Wednesday, 24 July 2019 17:49:03 (GMT+3)   |   Istanbul

Russian steelmaker NLMK Group has announced that it has signed a long-term strategic partnership agreement with LTC Group, Italy and Middle East, a leading European manufacturer of components for transformers and power generation devices.

Under the agreement, NLMK Group companies in Lipetsk and Yekaterinburg will regularly supply grain-oriented and non-grain-oriented electrical steel and provide technical support to LTC Group. The agreement also calls for extended cooperation in the development and market promotion of new products.

NLMK said that it produces 100 percent of all Russian grain-oriented electrical steel at its facilities in Lipetsk and Yekaterinburg. NLMK Group also manufactures non-grain-oriented electrical steel at its Lipetsk site. NLMK accounts for 81 percent of Russia’s entire output of this high-tech product.

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