1、NLMKANNUAL REPORT 20062pageCompany at-a-glance.5Chairmans Statement.14Presidents Review.18NLMK Group Vision,Mission and Strategy.222006 Major Developments.25NLMK Group Today.29Steelmaking and Rolling.33OJSC Novolipetsk Steel(NLMK)(parent company).33DanSteel A/S.35VIZ-Stal.36Joint Venture with the Du
2、ferco Group.37Iron Ore Raw Materials Production.43Stoilensky GOK.44Coal and Coke Production.47Altai-koks.47Prokopievskugol Group of Companies.48Zhernovskoe-1.49Other Business Activities.51Flux Production.51Logistics.53Other Operations of NLMK Group.54CONTENTS 3Procurement.56Sales.59Sales of NLMK Gro
3、up Steel Products.60Sales of Other NLMK Group Products.65Financial Highlights.672006 Financial Highlights.67Risk Management.78Technical Development and Environment Protection.83First phase of Technical Upgrading Programme.83Second phase of Technical Upgrading Programme.85Environment Protection.88Hum
4、an Resources Policy and Management System.91Management System Restructuring.91Human Resources Policy.91Social Responsibility.94Corporate Governance.99Information for Shareholders.117NLMKs subsidiaries and associates.123 Glossary.125NLMK Group key performance indicators for 5 years.129Contact Details
5、.130US GAAP Financial Statements.book 2STEEL PRODUCTIONGROWTH OF8%in 2006N L M K G R O U PA n n u a l r e p o r t 2 0 0 6C O M P A N Y A T-A-G L A N C E 5COMPANYAT-A-GLANCENLMK GROUP PROFILENovolipetsk Steel(NLMK)is one of the largest steelmaking companies in Russia.Our main types of productsare:sem
6、i-finished steel products(slabs),hot-rolled,cold-rolled and galvanized products,pre-paintedsteel,non-grain-oriented steel and grain-oriented steel.In 2006,we produced 9.1 m tonnes of steel.Sales reached USD 6,046m,with an EBITDA margin of 44%.NLMK is a vertically integrated group of over 60 companie