NLMK and Siemens in three-year cooperation agreement for the supply of steel products

NLMK Group and Siemens have signed a three-year agreement on technical cooperation for the supply of NLMK-produced steel products to the Germany-based company.

The agreement was signed by representatives of the companies at an extended meeting of the Siemens Management Board held in Moscow today.

Oleg Bagrin, NLMK Group President, said: “This agreement takes the strategic partnership between NLMK Group and Siemens that commenced in 2010 to a new level. We consider this agreement to show recognition of the quality of our products and to confirm our long-term commitment to expand cooperation in the future.”

In line with this strategic document, the companies are to establish a common coordination board. Its goal will be to expand cooperation on the supply of NLMK-produced steel products and their application at Siemens’ plants. The board’s primary focus is to explore opportunities to expand the use of NLMK-produced steel at the Siemens plants in Germany, Austria, Slovakia, Mexico, Columbia, Brazil, India, UAE, and Russia.

As part of the new stage of cooperation, NLMK will be able to supply up to 18,000 tonnes of NGO (non grain-oriented) steel, up to 15,000 tonnes of GO (grain-oriented) steel, and up to 30,000 tonnes of its thick plate per year. These steel products are planned for use in the manufacture of equipment for the electrical power industry, including electrical drives and transformers.