Metallurgy news

OEMK confirms compliance with international standards

OEMK (part of Metalloinvest) has successfully undergone a recertification audit of its Quality Management System for compliance with the international standard ISO 9001:2015. Auditors from TUV SUD Management Service GmbH (Munich, Germany) confirmed that OEMK is in line with the required standards. During the audit of the operations of the Quality Management System, auditors visited the plant's production and secondary departments, inspected the enterprise's documents and assessed its finished ...
04 September 2018., 12:15   comment

MMK continues to improve energy efficiency of production

The total economic effect from the implementation of projects to improve the energy efficiency of production processes at the Magnitogorsk Iron and Steel Works in 2017 amounted to about 1 billion rubles. Work to improve energy efficiency was carried out at all levels of the plant’s industrial site. As in previous years, the Company’s energy conservation and energy efficiency activities were carried out in several directions. One of these is the study and implementation of energy-saving ideas. ...
04 September 2018., 12:13   comment

Alexey Mordashov introduced prospects of business cooperation between the countries of the Northern Dimension region

Alexey Mordashov, Chairman of PAO Severstal, chaired the IX Northern Dimension Forum, which was held on 5 April 2018 in Saint-Petersburg. More than 200 delegates attended the event. The aim of the forum was to boost cooperation between the authorities, business and civil society in the participating countries of the Northern Dimension. This year's focus was on the new economical mindset: innovative management models and business processes. Alexey Mordashov on behalf of the members of the Northern ...
04 September 2018., 12:10   comment

Metalloinvest increases productivity of vacuum degasser at Ural Steel

Ural Steel (part of Metalloinvest) has completed modernisation of the vacuum degasser at the electric arc furnace shop (EAFS), which increased the unit’s capacity by 50% to 1.8 mn tonnes per year. Total investments in the project amounted to RUB 230 mn. The supplier of the equipment was Italian company Danieli. The upgrade of the vacuum degasser included installation of an additional steam ejector vacuum pump. The upgraded vacuum degasser unit allows for higher production volumes of treated ...
27 February 2018., 11:10   comment

NLMK Group launches online voting service for shareholders

NLMK Group, an international steel company, is launching an electronic voting (e-voting) service for its shareholders. The company will hold the first electronic vote in its history during the Extraordinary General Meeting of Shareholders on 12 March 2018, for voting on its new CEO (Chairman of the Management Board). The e-voting service offers shareholders a more convenient method for casting their vote and will contribute to improving the quality of the company’s corporate governance. The ...
27 February 2018., 11:06   comment

RUSAL to complete a feasibility study for an industrial-scale scandium plant in 2018

RUSAL intends to complete the development of a feasibility study in 2018 for the construction of a scandium oxide production unit at one of its Russian operations. Such a development adds to the Company completing another series of pilot-scale tests in 2017 to recover scandium oxide from red mud on its new unit constructed at the Urals Aluminium Smelter (UAZ). The technology encompasses processing red mud from alumina refineries and making scandium oxide as a by-product. This advancement boasts ...
13 February 2018., 13:15   comment

Norilsk Nickel and Russian Platinum sign strategic partnership agreement

PJSC MMC Norilsk Nickel, the largest producer of palladium and refined nickel in the world, and LLC Russian Platinum have signed a framework agreement on strategic partnership. According to the agreement, the parties will establish a joint venture to develop disseminated ore deposits in the Norilsk Industrial District. The JV will be 50%-owned by Nornickel and 50%-owned by Russian Platinum. Nornickel will contribute to the JV its license for Maslovskoe deposit, while Russian Platinum will contribute ...
02 December 2018., 17:08   comment

TMK Paid Off Eurobonds In The Amount Of US$231 Million

TMK, one of the world’s leading producers of tubular products for the oil and gas industry, announces full redemption of the loan participation notes due in January 2018 (ISIN: XS0585211591) in the total nominal value of US$ 231 million on January 29, 2018. The US$500-million eurobonds with a coupon rate of 7.75% and a 7-year maturity were issued by TMK Capital SA on January 27, 2011 to finance a loan to PAO TMK. Part of the issue in the amount of US$269 million was repurchased earlier under ...
02 February 2018., 14:56   comment

Metalloinvest announces Operational Results for Q4 2017 and FY 2017

Metalloinvest, a leading global iron ore and merchant HBI producer and supplier, and one of the regional producers of high-quality steel, today announces its operational results for the fourth quarter and full year 2017. Iron ore products In Q4 2017, Metalloinvest produced 10.1 mn tonnes of iron ore. In FY 2017, output amounted to 40.3 mn tonnes, a decrease of 1.0% y-o-y, mainly due to a change in the ore mixture In Q4 2017, pellet production amounted to 6.5 mn tonnes. In FY 2017, the Company ...
02 February 2018., 14:51   comment

Severstal announces 2018 capital investment programme

PAO Severstal ("Severstal"; "the Company"), one of the world’s leading vertically integrated steel and steel-related mining companies, today announces its capital investment programme for 2018. Severstal plans to invest approximately 49.5 billion rubles in 2018, focusing on the key areas of the Company’s strategy. This investment will primarily be aimed at further reduction of costs, increasing the production of high-value added products and further improving customer care. As previously announced, ...
02 February 2018., 14:49   comment

BMC proceeding with comprehensive environment impact assessment of Udokan Mining and Metallurgical Plant

These activities imply comprehensive assessment of compliance of construction and operation of Udokan Mining and Metallurgical Plant with the environmental requirements established by the Government of the Russian Federation with the aim to prevent negative impact that planned operation of the deposit might generate on the environment, including, among other things, recommended preventive and mitigation activities as well as environment monitoring and control measures. Environment Impact Assessment ...
26 January 2018., 15:21   comment

TMK Announces FY 2017 And 4Q 2017 Operational Results

The following contains forward looking statements concerning future events. These forward looking statements are based on current information and assumptions of TMK management concerning known and unknown risks and uncertainties. TMK, one of the world’s leading producers of tubular products for the oil and gas industry, announces its operational results for the full year 2017 and the fourth quarter of 2017. FY 2017 Highlights - In 2017, TMK shipped a total of 3,806 thousand tonnes of pipe, up ...
26 January 2018., 15:13   comment

Severstal reports Q4 & FY 2017 operational results

Severstal (MICEX-RTS: CHMF; LSE: SVST), one of the world’s leading vertically integrated steel and steel-related mining companies, today announces its operational results for Q4 2017 & FY 2017. Q4 2017 GROUP HIGHLIGHTS • Hot metal output increased 5% to 2.34 mln tonnes (Q3 2017: 2.23 mln tonnes) compared with the previous quarter, and crude steel production was up 2% at 3.01 mln tonnes (Q3 2017: 2.94 mln tonnes). • Consolidated steel product sales declined 2% to 2.78 mln tonnes compared with ...
26 January 2018., 15:10   comment

MMK Group Trading Update for Q4 and FY 2017

Q4 2017 highlights vs. Q3 2017 MMK Group’s total finished steel product sales in Q4 2017 (excluding intra-group sales) totalled 2,827 thousand tonnes (down 12.5% q-o-q). MMK Group’s HVA steel product sales in Q4 2017 was 1,264 thousand tonnes (down 13.8% q-o-q). The share of HVA products in total output amounted to 44.7%. Production of coal concentrate by MMK Coal in Q4 2017 totalled 760 thousand tonnes (up 15.6% q-o-q). FY 2017 highlights vs. FY 2016 MMK Group’s total finished steel product ...
26 January 2018., 15:07   comment

10 Metal Supply and Sales Issues to be Shipped to Germany

Some time ago Metal Supply and Sales , the leading Russian steel industry journal and the General Information Partner of Metal-Expo event asked its readers to identify a person whose photo was published on the cover page of the January issue of Metal Supply and Sales. By conducting a journalistic investigation Metal Supply and Sales editorial staff found out that the person poring over the data on the note book on his stand at Metal-Expo’2017 is Mr Andreas Bruntsch, Key Account Manager, GMH ...
18 January 2018., 15:56   comment

RUSAL invested over USD 30 mln in launching its first new generation RA-550 pots

UC RUSAL (SEHK: 486, Euronext: RUSAL/RUAL, Moscow Exchange: RUAL), a leading global aluminium producer, is pleased to announce the launch of pilot operation of eight new generation RA-550 pots at Sayanogorsk Aluminium Smelter. The total amount of investment in the project amounted to USD 30 mln. The project to develop the technology and launch the RA-550 site at SAZ was implemented within three years. The key advantage of this new development made by the Technical Directorate of RUSAL is its ...
18 January 2018., 15:20   comment

MMK to build new sinter plant worth RUB 22 bln

Magnitogorsk Iron and Steel Works (MMK) is completing the final preparatory stage of work for the construction of a new sinter plant in Magnitogorsk. The current works include driving piles, laying foundations and installing the metal structures. The installation of the main technological equipment is planned for March 2018. The total capital investment in the complex, which will provide an opportunity to significantly improve the quality of the sintered steel and reduce the environmental impact, ...
18 January 2018., 15:15   comment

High-strength Ural Steel rolled steel meets Russian Maritime Register of Shipping certification requirements

Ural Steel (part of Metalloinvest) has received a certificate confirming the compliance of its heavy plate made from high-strength steel grades. This opens up new opportunities for the Company in the production of high-quality rolled steel products for shipbuilding and expanding its sales market. Earlier, Ural Steel confirmed the compliance with RMRS of its rolled steel products' with normal and increased durability. The experts conducted their assessment based on the RMRS requirements for heavy ...
18 January 2018., 15:13   comment

IMH FY 2017 operational results

Industrial Metallurgical Holding (IMH), one of the world’s leading exporters of merchant pig iron and the leading merchant coke producer in Russia, reports its operational results for FY 2017. Coking coal mined by IMH Coal division in 2017 increased to 2.83 mt., that is 28% more than in 2016 and accounts for the absolute record for the company’s history. This increase was achieved due to the new Tikhova mine and the second stage of Butovskaya mine commissioning in May 2017. That is the result ...
18 January 2018., 15:09   comment

Mechel Reports Results of Ecological Awareness Year

Mechel PAO reports its results in the Ecological Awareness Year announced in Russia in 2017. The Group’s production facilities implemented a series of large-scale projects in a bid to improve the ecological situation in the regions of its production and administrative operations. Those include: Mechel-Coke conducted technical upgrading of its benzene facility in the framework of a cooperation agreement with Russia’s Natural Resources and Environment Ministry, Federal Service for Supervision ...
01 December 2018., 12:05   comment