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NLMK DanSteel supplies steel heavy plates for next-generation floating offshore wind farm

ENP Newswire

NLMK DanSteel, NLMK Group's plant in Denmark, has supplied its heavy plate for the Wind Float Atlantic project.

Wind Float Atlantic is the first semi-submersible floating wind farm in the world located off the north coast of Portugal. NLMK DanSteel's high-quality steel heavy plates are used in the production of floating platforms and foundations.

Wind Float Atlantic comprises three wind turbines 8.4 MW each, mounted on floating platforms. The third platform was installed in July, and the wind farm will start operating at full capacity. The wind farm will be able to generate enough energy to supply 60,000 households in Portugal. Wind Float Atlantic will save almost 1.1 million tonnes of CO2 emissions per year.

With the aim to participate in such innovative offshore projects, NLMK DanSteel has improved its technological process of heavy plate production and developed a special chemical composition of high-strength steel that ensures strong performance under high static and dynamic loads at low temperatures. Together with the American Bureau of Shipping (ABS), the plant has successfully completed product certification.

About NLMK Group

NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world.

NLMK Group's steel products are used in various industries, from construction and machine building to the manufacturing of power-generation equipment and offshore wind turbines.

NLMK operates production facilities in Russia, Europe and the United States. The Company's steel production capacity exceeds 17 million tonnes per year.

NLMK has a highly competitive cash cost among global manufacturers and one of the highest profitability levels in the industry. In 12M 2019, the Company generated $10.6 bn in revenue and $2.6 bn in EBITDA. Net debt/EBITDA stood at 0.7. The Company has investment grade credit ratings from S&P, Moody's, Fitch, and RAEX (Expert RA).

NLMK's ordinary shares with a 18.6% free-float are traded on the Moscow Stock Exchange (ticker 'NLMK') and its global depositary shares are traded on the London Stock Exchange (ticker 'NLMK:LI'). The share capital of the Company is divided into 5,993,227,240 shares with a par value of RUB1. For more detail on NLMK shareholder capital, please follow the link.


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