NLMK Group Accounts for 10% in the Global Transformer Steel Output
NLMK Group signed a long-term strategic partnership agreements with leading manufacturers of components for transformers: Enpay (Turkey), KRYFS (India), and National Material Company (NMC, USA).
Under the agreements, NLMK Group will supply transformer steel on a regular basis from its production sites in Lipetsk and Yekaterinburg offering expanded technical support. The parties also commit to expand cooperation in the field of new product development and market entry.
Ilya Gushchin, NLMK Group Vice President, Sales, commented:
“It is a step forward in fostering long-term cooperation with our key clients – Enpay, KRYFS and NMC. These new agreements reflect our commitment to working together and building long-term relationships. NLMK Group is willing to grow deliveries of premium products to our strategic markets and help our partners make the best products in the world from our steel.”
NLMK Group produces transformer steel at its production sites in Lipetsk and Yekaterinburg. NLMK’s share in the global transformer steel market is about 10%.