Currently Novolipetsk Steel (NLMK) is one of the world's most profitable steel companies per tonne of production and by far the most profitable steel-making company in Russia with a 2007 Ebitda margin of 44%.
NLMK's assets are technically advanced and on par with its global peers. NLMK is fully self-sufficient in iron-ore through its 97% stake in Stoilensky GOK, Russia's 3rd-largest iron ore producer.
In December 15 2005 the company listed 42 million (8.3% of the total number of shares) of its Global Depositary Shares (GDSs) on the London Stock Exchange. Each GDS represents 10 ordinary shares.
In June 2006 NLMK altered its dividend policy and increased its target payout ratio from 15% to 20% of its net income under US GAAP. The company pursues the goal of bringing its total dividends over five-year period to 30%.