Support The Moscow Times!

Novolipetsk Forms Divisions

LONDON — Novolipetsk Steel announced Tuesday the creation of new business divisions — NLMK Europe and NLMK USA — following the acquisition of the rolling business of Steel Invest & Finance last month.

The Lipetsk-based steelmaker paid Duferco Group $600 million to gain control of the Steel Invest & Finance venture, which includes seven steel-rolling mills in Europe and the United States.

Novolipetsk Steel also announced the new management structure of its international operations, appointing Horacio Malfatto chief executive of NLMK Europe. Malfatto was chief executive of Steel Invest & Finance.


Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.