IMF maintains forecast for global economy growth in 2017 at 3.4%Business & Economy January 16, 19:45
Six more settlements join Syria ceasefire regime — Defense MinistryWorld January 16, 19:22
Foreign Ministry: Washington initiating new arms race in EuropeRussian Politics & Diplomacy January 16, 19:15
Diplomat says anti-terror efforts must not be hostage to political ambitionsRussian Politics & Diplomacy January 16, 19:08
Russian football team to use training camp abroad for 2017 FIFA Confederations CupSport January 16, 19:00
Russia's Nornickel to present social, economic projects at Arctic forumBusiness & Economy January 16, 18:51
IMF expects oil prices to grow by almost 20% in 2017Business & Economy January 16, 18:39
Russia's space agency to replace Soyuz spacecraft that will be launched to ISS in MarchScience & Space January 16, 18:23
Russian, French scientists study permafrost lakes in ArcticBusiness & Economy January 16, 18:09
LIPETSK, November 7. /TASS/. Russia’s Novolipetsk Steel, or NLMK, will keep its production volumes, despite Western sanctions against Russia, Vladimir Lisin, the chairman of the NLMK board of directors, told journalists on Friday.
He said that local authorities of a number of cities in Western European countries had asked the European Commission “to be more delicate to Russian steel in conditions of the sanction regime.” This position had been heeded and the company’s Western partners pledged to “try not to make wrong steps against NLMK,” Lisin said.
In his words, the local authorities in those cities are afraid that in case of the worst scenario “several thousands of people in Germany, Belgium, Denmark and Italy linked with NLMK activities will lose their jobs.”
Apart from that, NLMK has increased its domestic sales to 47% of its overall output, he noted. In the past ten years, the steel maker has diversified its production. These measures, according to Lisin, will help the metallurgy giant keep on running loss-free.
On Friday, NLMK marks the 80th anniversary of the first iron casting. Today, NLMK is Russia’s biggest steel maker and one of the most efficient metallurgical companies in the world. It is a central unit of an international production chain with assets located in Russia, the European Union and the United States. Production at NLMK’s Lipetsk facility exceeds 12 miliion tonnes a year, or 18% of Russia’s entire steel output.