Novolipetsk Steel NLMK, Power of Siberia (Sila Sibiri)

NLMK supplied VMZ with five million tonnes of steel slabs

The Novolipetsk Iron and Steel Works (part of NLMK Group) supplied a 5 millionth tonne of slabs to the Vyksa Steel Works (VMP JSC, Nizhny Novgorod Region, part of the United Metallurgical Company,

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Half of pipes necessary for Power of Siberia have been delivered to Yakutia

​Over 200 thousand tons of pipes have been delivered to Yakutia for the construction of Power of Siberia. This is a half of the necessary volume.
Currently 216 thousand tons of pipes have been shipped, this is 49% of the total volume (plan – 439 thousand tons). This winter over 185 thousand pipes will be welded in the Olekminsky district.
The total volume of cargo which will be delivered in the navigation period for the construction of Power of Siberia is 800 thousand tons. The navigation will be over in late September-October.
The cargo shipment is held according to the schedule. The first shipment started in May.

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Money in the morning, pipes in the evening.

Tube producers want advances from the state-owned companies.
Russian pipe producers, unlike the majority of metal producers, not much benefiting from the devaluation can get support from the government. According to "the Kommersant", Arkadiy Dvorkovich instructed ministries to examine the issue of the advance of the mandatory procurement of pipes by the companies owned by the fuel and energy complex by 30%. Currently this practice is applied only by "Gazprom"’s pipeline "The Power of Siberia", and, according to "the Kommersant", the state-owned companies do not want its expansion.

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