Novolipetsk Steel (NLMK)


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"Russia's NLMK sees ‘no opportunities’ in Iran despite lifting of sanctions. Russia’s largest steelmaker, Novolipetsk Steel (NLMK), has said it sees no significant opportunities for steel product sales in Iran, despite the lifting of international sanctions." (2016)


A 2009 NLMK report states that Iran is one of the “leading importers of [NLMK] products…in the Middle East.”


NLKM Group holds three US "Group" Members: NLKM Pennsylvenia, NLKM Indiana, and  NLMK Sharon Coating.


“As economic sanctions eased last month under a temporary accord, Iran is shaping up as a hot, untapped opportunity for Western steel exporters, particularly high-grade varieties. ArcelorMittal (MT) and Russia’s OAO Novolipetsk Steel have mills in central Asia that supplied Iran before sanctions in 2007, when it imported 12.2 million tons a year of the metal, valued at $6 billion today. Other steelmakers are quietly testing the waters…About 45 producers sent representatives to a steel conference last month in Tehran to study export opportunities and investing in Iran’s domestic industry, Karbasian said. More than 10 steelmakers contacted by Bloomberg declined to comment or said they hadn’t attended the event…Russian producers including Novolipetsk say geographical and infrastructure links with Iran will create opportunities for them too…’It’s a big market for steel,” said Oleg Bagrin, chief executive officer of Novolipetsk, which used to export to Iran. “We could go back if sanctions are lifted.’” (Bloomberg, “Iran Thaw Seen Re-Stoking $6 Billion Market for Steel,” 3/12/14)