Public Joint Stock Company "Novolipetsk Steel"

What Public Joint Stock Company "Novolipetsk Steel" does

Public Joint Stock Company "Novolipetsk Steel" (NLMK) is a vertically integrated international steel producer headquartered in Moscow and listed on the Moscow Stock Exchange under ticker NLMK, founded in 1931. Its core operations span the full steel value chain — from iron ore mining (Stoilensky GOK, >16% of Russian commercial ore production), through flux materials (Stagdok, Dolomit) and coke (Altai-Koks, 15% of Russian coke output), to flat steel manufacturing concentrated at the Novolipetsk Metallurgical Combine in Lipetsk, which alone accounts for >18% of Russian steel production and ~80% of the Group's steel output.

The Group operates 15 production sites across 7 countries — Russia (flat steel, electrical steel, raw materials), Europe (France, Belgium, Italy, Denmark — flat steel, thick plate, premium Quard/Quend wear-resistant and high-strength brands), the United States (NLMK Pennsylvania, NLMK Indiana, Sharon Coating — hot-rolled, cold-rolled, hot-dip galvanized), and India (transformer steel coating). Total capacity is approximately 16 million tons/year in Russia, 3.1 million tons/year in Europe (NLMK Europe is among the top three European thick-plate producers), and 0.7 million tons of steel plus 2 million tons of metal products in the USA. Its product portfolio includes hot-rolled, cold-rolled, galvanized, and polymer-coated steel, dynamo and transformer steel (VIS-Stal holds ~5.6% global share with >85% of output exported to 37+ countries), slabs, and proprietary Quard/Quend premium brands.

NLMK generates revenue primarily through B2B hardware sales of steel and steel products to industrial customers in automotive, energy, construction, machinery, shipbuilding, and electrical equipment, via direct sales through dedicated representatives and a unified call center, multi-year negotiated contracts, and the NLMK Shop e-commerce platform. The Group also sells raw materials and coke externally. Its go-to-market is direct-to-enterprise with regional distribution centers supporting Europe and North America. Operating geographies span Russia, Europe, the United States, and Asia (India), and ESG investments include a zero-wastewater-discharge facility (first in Russia), water-mist dust suppression systems, social programme investments of RUB 1.8 billion in 2024, and recognition as a Forbes Platinum employer (2025, third consecutive time) and HeadHunter Top-3 industrial employer (2026).

Name

Public Joint Stock Company "Novolipetsk Steel"

Legal name

Public Joint Stock Company "Novolipetsk Steel" (ПАО "НЛМК")

Website

https://nlmk.com

Company type

Public

Founded year

1931

Operating status

Operating

Short description

NLMK is a vertically integrated international steel producer, listed on the Moscow Stock Exchange, with 15 production sites in 7 countries producing flat steel, electrical steel, and raw materials for automotive, energy, construction, machinery, and shipbuilding customers.

Ownership category

akta.pro rank

Product category

Steel Manufacturing

SIC

Metal Mining (1000)

akta.pro primary industry

Integrated Steelmaking (BF-BOF) (IMAKABAA)

akta.pro secondary industry

Electric Arc Furnace (EAF) Steelmaking (Incl. DRI/HBI-Based) (IMAKABAB)

Keywords

• Flat steel products
• Transformer steel
• Integrated steel production
• Iron ore mining
• Coke chemical products

Headquarters

HQ city

Moscow

Offices14 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Steel and steel products sales: NLMK generates revenue primarily from manufacturing and selling steel and steel products including hot-rolled steel, cold-rolled steel, galvanized steel, steel with polymer coating, electrical steel (dynamo and transformer steel), and slabs. The company operates an integrated production chain from raw material extraction to finished products.
2. Coke and chemical products: Altai-Koks produces coke and chemical products, contributing to the revenue stream through sales of coke (15% of Russian coke production) and related chemical products.
3. Raw materials (iron ore, limestone, dolomite): Stoilensky GOK, Stagdok, and Dolomit produce iron ore concentrate and flux materials (limestone, dolomite) for internal use and external sales, supporting the vertical integration of the Group.
4. NLMK Shop (e-commerce): NLMK operates an e-commerce platform 'NLMK SHOP' for direct sales of steel products to customers.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels9 records

Core offering

NLMK is an integrated international steel manufacturer that mines iron ore, limestone, dolomite and produces coke, then converts these into a full range of flat steel (hot-rolled, cold-rolled, galvanized, polymer-coated), electrical steel (dynamo and transformer), thick plate, slabs, and premium branded wear-resistant (Quard) and high-strength (Quend) steel products. Output is sold direct to industrial customers in automotive, energy, construction, machinery, shipbuilding and electrical equipment sectors across Russia, Europe, the USA and Asia, complemented by an online storefront (NLMK SHOP) and regional service centers.

Product overview

NLMK Group operates as an integrated steel producer with a balanced value chain from raw material extraction to high-value steel product manufacturing. The company offers flat steel products (hot-rolled, cold-rolled, galvanized, polyester-coated), electrical steels (dynamo and transformer steel), and semi-finished slabs. Premium brands include Quard wear-resistant steel and Quend high-strength steel from NLMK Clabecq in Belgium. The company also produces raw materials including coke, dolomite, and iron ore concentrate through subsidiaries. NLMK's European operations focus on thick plate products, while North American facilities produce hot-dip galvanized and high-strength steel.

Differentiator

Problem solved

Functional benefit

Brands

• Quard: Premium wear-resistant steel brand produced by NLMK Clabecq
• Quend
• NLMK SHOP

Products and services

• Hot-Rolled Steel (Горячекатаный прокат) Hot-rolled steel serves as the foundation for all further processing stages across NLMK Group, with quality controlled through refined production technology. Used by industrial customers in construction, machinery, pipes and structural applications.
• Cold-Rolled Steel (Холоднокатаный прокат) Cold-rolled steel offers advantages including ultra-strength capability, bending and stretching properties, or a combination of both characteristics. Used by automotive, machinery and equipment manufacturers requiring precise dimensional tolerances and surface quality.
• Galvanized Steel (Оцинкованный прокат) Galvanized steel from NLMK Group features enhanced corrosion resistance, extending product lifespan and durability. Used in automotive body panels, construction, appliances and other applications requiring corrosion protection.
• Polymer-Coated Steel (Прокат с полимерным покрытием) Steel with polymer coating providing additional surface protection and aesthetic finish, used in construction (roofing, cladding), appliances and other applications requiring combined corrosion resistance and decorative appearance.
• Dynamo Steel (Динамная сталь) Electrical steel used in dynamo and electric motor manufacturing applications, supplying OEMs of rotating electrical equipment.
• Transformer Steel (Трансформаторная сталь) NLMK is the world's leading and Russia's largest manufacturer of transformer steel, accounting for approximately 5.6% of global transformer steel production. Over 85% of output is exported to more than 37 countries, with over 95% being premium grades with improved consumer properties. Supplied to transformer manufacturers globally, with localized finishing in India via NLMK India Coating.
• Slabs (Слябы) Semi-finished steel products with controlled chemical composition, structure uniformity, and surface quality serving as the foundation for further processing into flat steel, plate and downstream products.
• Quard Wear-Resistant Steel Premium wear-resistant steel brand manufactured by NLMK Clabecq using modern quenching and tempering technology since 2011, used in mining and construction equipment, shipbuilding, and energy sector applications requiring wear life and durability in harsh conditions.
• Quend High-Strength Steel Premium high-strength steel brand manufactured by NLMK Clabecq from low-alloy steel for demanding structural applications such as heavy machinery, construction equipment and load-bearing structures.
• Coke and Chemical Products (Коксохимическая продукция) Coke production outputs including metallurgical coke and associated chemical products from Altai-Koks, used as feedstock for NLMK's blast furnaces and sold externally, supplying 15% of total Russian coke production.
• Dolomite (Доломит) Metallurgical dolomite used as flux in steel production, from the Dankov Dolomite Mine, the only producer of such products in the Central Federal District. Supplied internally and externally.
• Iron Ore Products (Железорудная продукция) Iron ore concentrate and related products from Stoilensky Mining and Processing Plant, one of the world's most efficient iron ore producers, accounting for over 16% of Russian commercial ore production. Supplied to NLMK's steelmaking operations and external customers.

Quantifiable outcome

• First company in Russia to achieve zero wastewater discharge, eliminating all effluents into Voronezh River
• +3 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles7 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Miloserdiye Charitable Fund (Blagotvoritelny fond sotsialnoy zashchity 'Miloserdiye')coreStrategic or Co-development PartnerMiloserdiye is NLMK's primary social partner and the largest charitable organization in Lipetsk Region. Listed on Russian National Register of Socially Responsible Organisations and member of Donors Forum. Supports grassroots and children's sport, healthcare, cultural heritage, veterans, large families. Has branches in Stary Oskol and Zarinsk since 2022. Over 50,000 beneficiaries annually.

Scale indicators24 records

Recent moves5 records

Expansion highlights6 records

Direct peers

• SSAB: Swedish specialty steel producer focused on high-strength and wear-resistant plate, directly comparable to NLMK Clabecq's Quard and Quend brands for mining, construction, and transportation applications.
• Voestalpine: Austrian specialty steel producer with a strong high-strength and engineered steel portfolio; competes with NLMK Clabecq (Quard/Quend) in wear-resistant and high-strength plate for construction, mining, and energy equipment.
• EVRAZ: Vertically integrated steel and mining group with significant Russian operations and a similar mix of flat and long products; comparable business model with raw material ownership and international steelmaking footprint.
• Severstal: Russian integrated steel producer with comparable BF-BOF route, iron ore mining ownership, and flat steel / pipe product mix; closest like-for-like competitor for NLMK in the Russian domestic market and in international flat steel.
• MMK (Magnitogorsk Iron & Steel Works): Another top Russian integrated flat steel producer with similar BF-BOF asset base and broad flat steel product range; competes directly with NLMK Lipetsk for Russian automotive, construction, and manufacturing customers.

Broad incumbents

• Cleveland-Cliffs: US integrated and flat-rolled steel producer; directly competes with NLMK Pennsylvania, NLMK Indiana, and Sharon Coating in North American hot-rolled, cold-rolled, and galvanized steel markets.
• POSCO: South Korean integrated steel producer with broad flat steel portfolio and electrical steel capabilities; competes with NLMK in global transformer and automotive steel markets.
• Tata Steel: Large integrated steel producer with significant flat steel operations in Europe and a global footprint; competes with NLMK in European automotive and construction steel markets.
• ArcelorMittal: World's largest steelmaker with a global flat and long steel portfolio overlapping with NLMK Europe and NLMK USA in automotive, construction, and packaging steel grades.

Others

• ThyssenKrupp Steel Europe: Major European integrated flat steel supplier for automotive, construction, and packaging end-markets; overlaps with NLMK La Louviere and NLMK Strasbourg in continental European flat steel.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/nlmkonair

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries20 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Public Joint Stock Company "Novolipetsk Steel"