Novolipetsk Steel is one of the leading steel producers in Russia and in the world. It is a vertically integrated steelmaking company and its business operations include steelmaking and rolling, mining, and auxiliary services.
The company is Russia’s leading supplier of flat products, pre-painted steel products and grain-oriented steel. It is also among the largest global suppliers of slabs and transformer steel, with market shares of around 12% and 20%. The company also producers long products.
Novolipetsk Steel has among the most competitive production costs in the global steel industry and consistently has the highest EBITDA margins. The company’s mining operations fully supply its iron ore concentrate and coke requirements, and it is becoming increasingly self-sufficient in electricity. In 2006 the company has formed a JV with Duferco Group with the aim of using the latter’s rolling mills in Europe and the US to increase its downstream integration and exposure to high value-added products.
A controlling stake in the company (83%) is held by its chairman, Vladimir Lisin, while 13% is in free float, of which 8% is traded in London.