NLMK Group’s American Division, has refinanced a $250 m credit line that it acquired in 2011. The new revolving credit line has a maturity of 4 years and will be used to finance working capital and general corporate activities.
NLMK Group’s US-based Division has re-started its #2 hot-dip galvanizing line in February 2017. The line, which is located at Sharon Coating in Pennsylvania, has a capacity of approximately 226,000 metric tonnes per year. With the re-launch of the second line, Sharon Coating’s effective capacity increased by 43% driven by growing demand in the USA.
NLMK Group, an international steel producer with operations in Russia, Europe and the USA, has signed an agreement for the purchase of the core process equipment for the construction of a new walking-beam reheating furnace to streamline the slab heating process at NLMK Pennsylvania (Farrell, PA, USA). The new furnace will replace 3 outdated pusher-type furnaces currently operational at the facility.
NLMK’s plant at NLMK Indiana has ended 2011 setting 10 new production records. In the Melt Shop, a new annual tonnage record of 672,756 cast tons* produced with an average tap to tap time of 71.31 minute was achieved, +1.6% compared to 2010’s tonnage record. Capacities were running at over 90%. In the Hot Strip Mill (HSM), the monthly record for throughput was broken 4 times in 2011. In November 2011 the throughput rate was 176.7 ton/hr.