Russia's NLMK sells its long-steel division to compatriot IMH

Major Russian steelmaker Novolipetsk Steel (NLMK) sold its long steel division to compatriot company Industrial Metallurgical Holding (IMH) early in the week beginning September 4, Fastmarkets has learned from local news reports.

These were later confirmed by market participants familiar with the situation.

The long steel division includes long-steel-making assets NLMK-Ural and NLMK-Kaluga; metalwares asset NLMK-Metiz; as well as scrap collection and...


Vlada Novokreshchenova

Marina Shulga

September 07, 2023

16:08 GMT