Novolipetsk Steel NLMK, India

NLMK to build a plant in India

NLMK has decided to build a transformer steel plant in India.

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NLMK thinks about the production facilities in Asia

Novolipetsk Steel (NLMK) is considering expanding its presence on the Indian transformer steel market.

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NLMK promised to invest $1 bln in India

​NLMK intends to develop the production of electric steel and flat rolled products in India.
The Minister of the Andkhra-Pradesh state, N. Ch. Naydu, addressed to the management of NLMK in Russia upon the investment in India. In the framework of the Innoprom-2016 workshop in Yekaterinburg he met with the head of the electric steel division of NLMK, V. Shevelev. The latter said the plant plans to invest $1 bln into the metallurgical sector of India.
Mr. Naydu invited the head of NLMK to visit the Andkhra-Pradesh state and collect the information on natural resources.
Mr. Naydu also met with the Governor of the Sverdlovsk region, E. Kuyvashev, and showed his interest in the foundation of the Russia-India industrial cluster in Andkhra-Pradesh. The Governor said he will send a delegation to India for the assessment of perspectives of such a cooperation.
Mr. Naydu talked to the Governor of the Chelyabinsk region, B. Dubovitsky, an showed his interest in the enterprises of the metallurgical and car manufacturing sectors as well as products of agricultural producers of the Chelyabinsk region.

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Russian steelmakers have increasing problems on foreign markets

Excess of cheap steel on the global market led to the fact that in recent years the number of anti-dumping investigations in this area increased dramatically. The industry believes that its main threat is a sharp increase in the production in China, but closing from cheap Chinese steel importing countries also block the supply of metal from other countries, including Russia. It becomes increasingly difficult for domestic steelmakers to fight a wave of isolationism on their traditional overseas markets, and they can redirect the export to other countries always.
Since 2010, Russian steelmakers exported about one-third of the produced steel - 25-27 million tons of rolled products per year. These volumes are less than the export sales of 2008-2009, which reached 30 million tons, and may even decline because of the surge in protectionist investigations worldwide. According to the Ministry of Economy, in 2014-2015, 18 new investigations and revisions of measures affecting exports of Russian steel industry were initiated abroad, and eight of them have ended not in favor of Russia.

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