Nizhniy Tagil Iron and Steel Works
Encyclopedia
OJSC Nizhniy Tagil Iron and Steel Works is a Russian steel
manufacturer. It is part of the Evraz Group
. Its name is abbreviated as NTMK or Nikom and NTMK is listed in RTS Index
.
, in the city of Nizhniy Tagil, in Sverdlovsk Oblast
. The city has been a steel-making center for centuries, and the company's website boasts a long historical association with the industry. Large-scale steel manufacture began in 1725, at the end of the reign of Peter the Great. At this time in the town's history, half of the output was exported to England
.
In 1992 NTMK underwent privatization
and was organized into a joint-stock company.
- Perm
railway and through the Kama River
to the Volga River
.
The ore
stock in the Nizhniy Tagil region is vanadium-rich
. The company has pioneered the blast oxygen process of steelmaking and according to its website, it has the worlds largest H-beam manufacturing facility.
NTMK specializes in manufacturing rolling stock
, train wheels and train rails.
Steel
Steel is an alloy that consists mostly of iron and has a carbon content between 0.2% and 2.1% by weight, depending on the grade. Carbon is the most common alloying material for iron, but various other alloying elements are used, such as manganese, chromium, vanadium, and tungsten...
manufacturer. It is part of the Evraz Group
Evraz Group
Evraz Group is one of the world's biggest vertically integrated steel production and mining businesses, with operations mainly in Russia. In 2008, Evraz Group produced 17.7 million tonnes of crude steel.-Overview:...
. Its name is abbreviated as NTMK or Nikom and NTMK is listed in RTS Index
RTS Index
The RTS Index is an index of 50 Russian stocks that trade on the RTS Stock Exchange in Moscow. The list of stocks is reviewed every 3 months by the RTS Information Committee.The index value is calculated in a real-time mode...
.
History
The company is located in the Ural MountainsUral Mountains
The Ural Mountains , or simply the Urals, are a mountain range that runs approximately from north to south through western Russia, from the coast of the Arctic Ocean to the Ural River and northwestern Kazakhstan. Their eastern side is usually considered the natural boundary between Europe and Asia...
, in the city of Nizhniy Tagil, in Sverdlovsk Oblast
Sverdlovsk Oblast
Sverdlovsk Oblast is a federal subject of Russia located in the Urals Federal District. Its administrative center is the city of Yekaterinburg formerly known as Sverdlovsk. Population: -Geography:...
. The city has been a steel-making center for centuries, and the company's website boasts a long historical association with the industry. Large-scale steel manufacture began in 1725, at the end of the reign of Peter the Great. At this time in the town's history, half of the output was exported to England
England
England is a country that is part of the United Kingdom. It shares land borders with Scotland to the north and Wales to the west; the Irish Sea is to the north west, the Celtic Sea to the south west, with the North Sea to the east and the English Channel to the south separating it from continental...
.
In 1992 NTMK underwent privatization
Privatization
Privatization is the incidence or process of transferring ownership of a business, enterprise, agency or public service from the public sector to the private sector or to private non-profit organizations...
and was organized into a joint-stock company.
Operational details
The city is convenient to the YekaterinburgYekaterinburg
Yekaterinburg is a major city in the central part of Russia, the administrative center of Sverdlovsk Oblast. Situated on the eastern side of the Ural mountain range, it is the main industrial and cultural center of the Urals Federal District with a population of 1,350,136 , making it Russia's...
- Perm
Perm
Perm is a city and the administrative center of Perm Krai, Russia, located on the banks of the Kama River, in the European part of Russia near the Ural Mountains. From 1940 to 1957 it was named Molotov ....
railway and through the Kama River
Kama River
Kama is a major river in Russia, the longest left tributary of the Volga and the largest one in discharge; in fact, it is larger than the Volga before junction....
to the Volga River
Volga River
The Volga is the largest river in Europe in terms of length, discharge, and watershed. It flows through central Russia, and is widely viewed as the national river of Russia. Out of the twenty largest cities of Russia, eleven, including the capital Moscow, are situated in the Volga's drainage...
.
The ore
Ore
An ore is a type of rock that contains minerals with important elements including metals. The ores are extracted through mining; these are then refined to extract the valuable element....
stock in the Nizhniy Tagil region is vanadium-rich
Vanadium
Vanadium is a chemical element with the symbol V and atomic number 23. It is a hard, silvery gray, ductile and malleable transition metal. The formation of an oxide layer stabilizes the metal against oxidation. The element is found only in chemically combined form in nature...
. The company has pioneered the blast oxygen process of steelmaking and according to its website, it has the worlds largest H-beam manufacturing facility.
NTMK specializes in manufacturing rolling stock
Rolling stock
Rolling stock comprises all the vehicles that move on a railway. It usually includes both powered and unpowered vehicles, for example locomotives, railroad cars, coaches and wagons...
, train wheels and train rails.