NLMK Commented on market speculation

NLMK informed that the information related to the decline in the production of one type of the product is a result to the 12 days scheduled maintenance works of the production line at Lipetsk operations (main production site of NLMK).

NLMK stated that, by no means this situation is related to the company’s inability to sell in the export markets as it was misinterpreted by Bloomberg citing Uralsib Capital, a local Russian bank. On top of that, following the publication of the trading update for the third quarter of this year, NLMK plans to increase its Q4 2011 output by at least 10%.

Top managers of NLMK will talk about the company’s prospects for international audience at a business conference: The Russian market of metals 2011