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NLMK on Moscow Exchange

Novolipetsk Steel

Logo: Unknown author Unknown author, Public domain, via Wikimedia Commons4

Steel company

Novolipetsk Steel, or NLMK, is one of the four largest steel companies in Russia. NLMK's share of domestic crude steel production is about 21%. It primarily produces flat steel products, semi-finished steel products, and electrical steels.2 Its revenue was ₽831 billion in 2025.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

Sep 24, 1993Founded1
  • TickerNLMK on Moscow Exchange1
  • Industryiron and steel industry1
  • HeadquartersMoscow1
  • Websitewww.nlmk.com
  • Legal formopen joint-stock company1
  • LEI213800913TPW32I844563
  • StatusActive3
  • LEI statusLapsed (not renewed)3
  • Registered address2, METALLURGOV SQ, 398040 Lipetsk, Russia3
  • Registered withFederal Tax Service (Ministry of Finance), 10248008231233

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Novolipetsk Steel Plant
Photo: Правительство Российской Федерации, CC BY 4.0, via Wikimedia Commons6

Novolipetsk Steel, or NLMK, is one of the four largest steel companies in Russia. NLMK's share of domestic crude steel production is about 21%. It primarily produces flat steel products, semi-finished steel products, and electrical steels. NLMK also produces specialty coated steels, as well as high-ductility and micro-alloyed steels. It is the 21st-largest steel maker in the world. The larger NLMK group owns several other steel and mining companies, primarily in Russia.2

Corporate structure

Novolipetsk Steel sits at the top of its group. 20 entities, 6 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • Novolipetsk Steel Lipetsk, Russia
    • NLMK DanSteel A/S Subsidiary · 100% · Frederiksværk, Denmark
    • Novolipetsk Steel Plant Subsidiary · 100% · Russia
    • OJSC Altai-koks Subsidiary · 100% · Zarinsk
    • Stoilensky GOK Subsidiary · 100% · Stary Oskol
    • OJSC Dolomite Subsidiary
    • VIZ-Stal Subsidiary · 100% · Verch-Isetski district, Russia
    • NLMK INDIANA LLC Subsidiary · Portage, Indiana, United States
    • NLMK PENNSYLVANIA LLC Subsidiary · Farrell, Pennsylvania, United States
    • Steel Invest & Finance (Luxembourg) S.A. Subsidiary · Strassen, Luxembourg

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0). Each entity in the chart links to its source.

What it owns

What Novolipetsk Steel reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Stakes and holdings (Wikidata)

Things Wikidata records the company as owning, with the share when stated.1

The story

Historically, the Lipetsk area in central Russia has had substantial iron ore deposits. In 1702, Peter the Great ordered the construction of an iron foundry there.

In 1931, Novolipetsk Iron and Steel began construction of a plant on the site of the iron ore mine. Prospering down through the decades, Novolipetsk became a joint-stock company in 1992 and then in 1993 began the process of privatization by distributing company shares to its employees. The company seems to be acquisitive; see the list of related organizations. In 1998, Vladimir Lisin became the chairman. The manufacturing area in Lipetsk covers 27 square kilometers.

Less than half of NLMK's steel output is sold in Russia.

The company's primary source of iron ore is now Stoilensky GOK, a company located 350 km from the mills at Lipetsk.

From Wikipedia’s article on Novolipetsk Steel, shared under CC BY-SA 4.0.5

Leadership

Who has led Novolipetsk Steel, and when. Pick a name to see everywhere that person has worked.

Chair

  1. Vladimir Lisin1998–now
1995200020052010201520202025

Products and brands

  • steel

Listed on Wikidata.1

Acquisitions

The largest of NLMK's acquisitions was a 50% stake in a joint venture with the Duferco Group in December 2006. The venture includes one steel plant and five rolling mills in Western Europe and the United States. The joint venture also includes service and distribution facilities located in Europe. In 2021, the company's revenue amounted to 793 billion rubles.

Other acquisitions include:

OJSC Dolomite, miner and processor of metallurgical dolomite, acquired in 1997

OJSC Stagdok, miner and processor of fluxing limestone, acquired in 1999

Read the full text

OJSC Stoilensky GOK, iron ore supplier, acquired in 2004 (97%)

OJSC TMTP, operator of the Black Sea port of Tuapse, acquired in 2004 (controlling interest)

License for the large coking coal deposit Zhernovskoie 1 in the Kuzbass region of Russia, acquired at State auction in 2005

DanSteel A/S, Danish steel rolling company, acquired in 2006

OJSC Altai-koks, acquired in 2006

VIZ-Stal, the second-largest Russian electrical steel producer, acquired in 2006

Sharon Coatings, becoming NLMK Pennsylvania

From Wikipedia’s article on Novolipetsk Steel, shared under CC BY-SA 4.0.5

Subsidiaries and ownership

Owners

  • Fletcher Group Holdings 84%

Subsidiaries

From Wikidata.1

Revenue over time

As stated on Wikidata, in the currency reported.

Revenue

Novolipetsk Steel revenue by year1831.4B RUB in 2025+42% since 2017
0250.0B RUB500.0B RUB750.0B RUB1.0T RUB2017: 586.8B RUB586.8B RUB20172024: 979.6B RUB979.6B RUB2024+67%2025: 831.4B RUB831.4B RUB2025−15%
  • 2025831.4B RUB1
  • 2024979.6B RUB1
  • 2017586.8B RUB1

Net income

Novolipetsk Steel net income by year163.1B RUB in 2025−48% since 2024
050.0B RUB100.0B RUB150.0B RUB2024: 121.9B RUB121.9B RUB20242025: 63.1B RUB63.1B RUB2025−48%
  • 202563.1B RUB1
  • 2024121.9B RUB1

Timeline

  1. Sep 24, 1993Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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