Grigoriy Fedorishin

Grigoriy Fedorishin leads NLMK (Novolipetsk Steel) as President, overseeing one of the most efficient steelmakers in the world. NLMK is controlled by Russian billionaire Vladimir Lisin (one of Russia's wealthiest individuals) and produces over 17 million tonnes of steel annually. The flagship Lipetsk steelworks in central Russia is one of the largest and most technically advanced integrated steel plants globally, with production costs among the lowest in the industry. NLMK's competitive advantage comes from its vertically integrated operations: the company owns iron ore and coal mines that supply raw materials to its steelworks, owns power generation that provides cheap electricity, and operates finishing mills that produce high-value flat steel products. This integration provides cost advantages and supply security. Prior to sanctions, NLMK also operated steel mills in Europe (Belgium) and the United States, which imported semi-finished steel slabs from Russia for finishing. Western sanctions have significantly disrupted NLMK's international operations and export channels, forcing the company to redirect exports toward Asian and Middle Eastern markets. The U.S. and EU operations face uncertainty about continued slab supply from Russia. Key stock drivers include global steel prices, Russian domestic steel demand, sanctions impact on export routes and international operations, iron ore and coking coal costs, ruble exchange rate, and Russian government policies on steel industry taxation and export duties.