News. Russian ferrous metallurgy news. September

NLMK, the LSE-listed leading steel producer, today announces the results of voting on the resolution proposed at the Extraordinary General Meeting (EGM) held on 29 September 2011. Shareholders approved new versions of NLMK’s internal documents, including the Charter and Regulations on the Board of Directors’ Remuneration, as well as the dividend payment for the first half of 2011 of RUR 1.40 per ordinary share. Further to the Dividend Declaration on 16 August 2011, the ...

Severstal, JSC, one of the world’s leading vertically integrated steel and mining companies, announces that it is hosting a presentation to investors and analysts in London to update on its development strategy. Presentations will be given by the senior management team led by Chris Clark (Chairman) and Alexey Mordashov (Chief Executive Officer) setting out the Company’s strategic focus on steel and steel-related mining with the objective of becoming a global industry ...

Excavator EKG-32R, manufactured by IZ-KARTEKS (part of OMZ Group), has begun test operation on Krasnoborodsky coal mine, which belongs to Kuzbassrazrezugol, JSC. Excavator EKG-32R with bucket capacity of 32 cubic meters and a working weight of 950 tons is the most powerful crowd power excavator, ever manufactured in USSR and Russia. It is the first Russian-manufactured electric excavator equipped with an alternating current electric drive. It is produced within the framework of an ...

The steel frame for Small Ice Arena in Sochi (for 7000 seats) is being build, using the metal construction produced by Uraltrubprom. This facility is being built for the 2014 Olympic Games. "We worked on this important order for over a year", - says Elena Malagon, Head of Design Department, Uraltrubprom. "For the Small Ice Arena building we produced 5 k tons of steel frame, including design of spectator stands. Twenty designers created 3056 detailed drawings. ...

EVRAZ Group S.A., notes media publications regarding the partnership with Russian diamond producer Alrosa, JSC in the development of Timir iron ore project in southern Yakutia. EVRAZ confirms that it considers acquisition of 51% stake in this project and will refrain from further comments unless a binding course of action is defined.

TMK, one of the world’s leading oil and gas steel pipe producers, today (September 26th) announces that the “TMK”, JMC Board of Directors has decided to convene an Extraordinary General Meeting of Shareholders (EGM) in the form of an absentee ballot on November 7th 2011. The list of shareholders eligible to participate in the EGM and entitled to dividend has been drawn up according to the shareholder registry as of 3 October 2011. The “TMK”, JSC ...

Severstal and Rugers Group of Companies Set Up Joint Venture. An agreement to this effect was signed on Friday, September 23d, in Moscow by General Director of Division Severstal Russian Steel Alexander Grubman and President and CEO of the RÜTGERS Group Mr. Henri Steinmetz. Severstal holds 49% of the charter capital. Total investments make up USD 26.6 million due to borrowed funds over a period of 5 years. A representative of the Rutgers Group of Companies will be appointed ...

China wants to close its market for transformer steel from Russia, by raising the import tax to 65%. As a result, Russian manufacturer - NLMK - may lose one of the major sales markets, which accounts for about 10% of this product exports. NLMK addressed Ministry of Economics with the request to discuss issues about the supply of transformer steel from Russia to China at the upcoming meeting of the intergovernmental commission between the two countries. This summer the Ministry of ...

Standard & Poor's Ratings Services (S&P) raised long-term corporate credit rating on TMK, one of the world’s leading oil and gas steel pipe producers, to 'B+' from 'B'. At the same time, the Russia national scale rating was raised to 'ruA' from 'ruA-'. The upgrade reflects the improvement in TMK's liquidity and its operating and financial performance in the first half of 2011. In the first half of 2011, TMK’s fully adjusted ratio of debt to EBITDA improved to 3.3x ...

The first slabs have been successfully cast at Novolipetsk’s (NLMK’s main production site in Lipetsk) newly revamped 2.5 mtpa continuous casting machine (CCM-8). The objective of the CCM-8 reconstruction project was to increase output, expand the product mix and ensure a consistently high quality of concast slabs for further conversion into flats. Currently the maximum thickness of slabs produced by continuous casting machines in Russia is 300 mm. Following the CCM-8 ...

On September 21st, visiting meeting of “Gazprom”, JSC with representatives of the leading Russian metallurgical and pipe companies was held in Chelyabinsk. Director General of “MMK”, JSC Boris Dubrovsky attended this meeting. Forum participants discussed cooperation results of sheet metal strips and pipe manufacturers for “Gazprom”, JSC; as part of implementation of development strategy of Russian gas transportation system. One of the discussed ...

Holding “METALLOINVEST”, the Ministry of Transport and Krasnodarsky Krai announced that they have signed a cooperation agreement to build a new port complex in Taman, Russia. The document was signed by CEO of Management Company “METALLOINVEST” Eduard Potapov, Russian Transport Minister Igor Levitin and Governor of the Krasnodarsky Krai Aleksandr Tkachev. The agreement includes construction of a new port terminal and will facilitate iron-ore shipments, which are ...

Agglomachine #3 has been stopped has stopped for capital repairs, for the duration of 75 days at Tulachement, JSC. Uraldomnoremont, JSC (Ekaterniburg) is the maintenance executer. Agglomachine capital repairs, provides one hundred percent replacement of equipment and steel structure of the machine. With the implementation of these works, as well as the technical solutions for the modernization of equipment, the enterprise will obtain a modern and productive agglomachine. ...

A complete set of equipment supplied by Austrian VAI SIEMENS for the EAF Shop at NLMK’s Kaluga Mini Mill, which is currently under construction, has arrived at the site. The electric-arc furnace (EAF), ladle furnace (LF) and 8-strand continuous casting machine (CCM) are currently being assembled at the plant. The EAF will feature Ultimate, an innovative steelmaking technology, combining high specific electric power (more than 1 m WA/t) and a single-bucket EAF charging practice. ...

Mechel, JSC, one of the leading Russian mining and metals companies, announces the signing of a strategic partnership memorandum with SAP AG, the world’s leading supplier of business management software solutions. As a result of the September 20 meeting between Mechel OAO’s Chief Executive Officer Yevgeny Mikhel and SAP AG’s President for EMEA Franck Cohen, the two sides signed a memorandum for strategic partnership to increase the efficiency of the company’s ...

KMA Ruda, JSC, Industrial Complex (city of Gubkin, the Belgorod region) has held public discussion on the impact of the increased capacity of the enterprise. Representatives of: PiterGORProekt, LLC; KMA Ruda, JSC; structural divisions of administration of the city of Gubkin district and townsmen, all have taken part in a public hearing on the issue of “The estimation of the environmental impact of increasing production capacity of KMA Ruda, JSC, Industrial complex”. The ...

Casting-Rolling Complex (located in the Vyksa district, the Nizhniy Novgorod region, part of OMC, JSC) increased manufacture of hot-rolled coils during January-August 2011by 17% up to 721k tons as compared to the corresponding period 2010. Also, from the beginning of current year, it has produced 123k tons of sheets and 143k tons of strip. In January-August 2011 total shipments of hot-rolled coil, sheet and strip amounted to 714k tons, which is 18% higher yoy. In August 2011, ...

EVRAZ Highveld Steel and Vanadium Limited (EVRAZ Highveld) (part of EVRAZ Group), has been awarded a Level 5 Broad-Based Black Economic Empowerment (B-BBEE) contributor rating by South African National Accreditation System (SANAS) accredited agency BLogic. This follows an intense focus on transformation within the company over the past year. EVRAZ Highveld was previously rated a Level 8 contributor. Recognising the importance of B-BBEE as a business and national strategy EVRAZ ...

The Central Plant Laboratory at OAO Koks has successfully undergone accreditation. The procedure was conducted by the Federal Agency for Technical Regulation and Metrology (Moscow) The completed accreditation process demonstrates that the level of the equipment and the technical competency of staff at OAO Koks' Central Plant Laboratory meets the All-Union State Standards RISO/MEK 17025-2006 (ISO/MEK 17025:2005). Experimental Laboratory Accreditation Certificate No. ROSS RU.0001.22TY67 was ...

Specialists at OOO Uchastok Koksovy are completing an annual plan for biological reclamation. It may be recalled that OOO Uchastok Koksovy is working on a project developed in 2004 by ZAO Gipro-Ugol» (Novosibirsk). By 2020 the company is to reclaim almost 260 hectares of land in all. At present, 123 hectares of land have been reclaimed. Of these, more than 83.5 hectares have been transferred to the city of Kiselevsk. Today, of 15 hectares planned for biological reclamation in 2011, ...