OREANDA-NEWS. UralmashSpecStal, a part of OMZ-SpecStal division of OMZ (Uralmash-Izhora Group) (RTS: OMZZ; LSE: OMZD; OTC: UHMVY), has concluded a contract with Novolipetsk Steel (NLMK), a major Russian steel producer, for the production of working and back-up rolls for rolling mills.

According to the press service of OMZ, the contract provides for rolls valued at more than RUR200 million (or more than US$7.5 million) in 2007.

UralmashSpecStal is a traditional supplier to NLMK. Some 30-50% of all rolls for various NLMK rolling mills have been supplied by UralmashSpecStal.

In 2007 the company will supply rolls made with high-chromium steel (3%-5% chromium content) characterized by a high level of durability. The operating procedures for this type of rolls at a Model 2000 hot rolling mill were developed jointly by NLMK and UralmashSpecStal experts in order to raise the quality of the rolls.