Name Symbol Market Type
Novolip Regs LSE:NLMK London Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.54 3.48% 16.07 16.07 16.11 16.215 15.605 15.73 335,653 16:35:28

Novolipetsk Steel NLMK is to revise capital allocation in 2020

26/03/2020 2:15pm

UK Regulatory (RNS & others)

Novolip Regs (LSE:NLMK)
Historical Stock Chart

1 Month : From Mar 2020 to Apr 2020

Click Here for more Novolip Regs Charts.


RNS Number : 7499H

Novolipetsk Steel

26 March 2020

Press release

26 March 2020

NLMK is to revise capital allocation in 2020

-- Capex . Due to increased volatility on global markets associated with the COVID-19 outbreak, NLMK Group is withdrawing its previously issued guidance on 2020 capex programme of

$1.1-1.2 billion for a downward revision. Commencement of certain expansion projects could be postponed. At the same time, the Company is proceeding with its major overhauls at

NLMK Lipetsk primary steelmaking operations scheduled for 2020.

-- Liquidity . Cash and cash equivalents, as well as short-term liquid financial investments on the Company's balance sheet currently stand at $1.56 billion (+79% vs. 31 December 2019). Available credit lines are estimated at an additional $0.8 billion. NLMK's current level of liquidity creates a safety buffer to ensure uninterrupted business operations.

-- Debt management. The Company's net debt stands at $1.9 billion (+5% vs. 31 December 2019). Average cost of debt remains low at 3.16%. NLMK has sufficient liquidity to cover all short-term debt maturities, including renewable working capital lines.

 IR contact info :     Media contact info 
  Dmitry Kolomytsyn,    : 
  CFA                   Maria Simonova 
  +7 (495) 504 0 504    +7 (915) 322 62 
  ir@          25 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact or visit



(END) Dow Jones Newswires

March 26, 2020 10:15 ET (14:15 GMT)

1 Year Novolip Regs Chart

1 Year Novolip Regs Chart

1 Month Novolip Regs Chart

1 Month Novolip Regs Chart
ADVFN Advertorial
Your Recent History
Novolip Re..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20200404 11:43:54