Metalloinvest announces operational results for Q1 2018

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 first quarter of 2018. Management comments Andrey Varichev, CEO of Management Company Metalloinvest, commented: "In the first quarter of 2018, Metalloinvest continued the successful implementation of its strategy to increase volumes of value-added products, raising production of pellets, HBI, hot metal and steel. ...
05 April 2018., 15:17   comment

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

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

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

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

Metalloinvest announces new PXF deal

Metalloinvest (“the Company”), a leading global iron ore and HBI producer and supplier, and one of the regional producers of high-quality steel, has signed an agreement with a сlub of banks for a USD 240 mn pre-export finance facility (the “PXF-2018”). New PXF has 5-year tenor with a 4-year grace period, interest rate is linked to LIBOR. The purpose of PXF-2018 is to refinance all existing USD-denominated debt of the Company due in 2018–2019 and to improve maturity profile and costs of borrowings. ...
01 December 2018., 12:04   comment

Metalloinvest and OMK summed up their cooperation results for 2017

Metalloinvest and the United Metallurgical Company (“OMK”) held a Coordination Committee meeting dedicated to their performance in 2017 and next year planning. The meeting held at JSC Ural Steel (part of Metalloinvest) was attended by Andrey Prosyanik, the domestic sales director of MC Metalloinvest, Evgeny Maslov, the managing director of JSC Ural Steel, Pavel Stepanov, the director of engineering and technical center of JSC Vyksa Steel Works (VSW), Ivan Monakhov, OMK’s chief analyst, and other ...
25 December 2017., 15:03   comment

TMK highly appreciated advantages of Metalloinvest’s HBI usage

Dmitry Pumpyanskiy, Chairman of the Board of Directors of TMK, and Alexander Shiryaev, CEO of TMK, have visited Lebedinsky GOK and OEMK (part of Metalloinvest). During the visit, the management team of TMK learned about the production process of hot briquetted iron (HBI). During the visit to OEMK, the TMK delegation was introduced to Metalloinvest's steel production technology using direct reduced iron (DRI) as the primary raw material. Using DRI (chemically identical to HBI), will allow OEMK ...
27 October 2017., 13:04   comment

Metalloinvest starts pilot operation of concentrate intake facility at Mikhailovsky GOK

Metalloinvest has started pilot operation of the concentrate intake facility at Mikhailovsky GOK. The Company has invested 1.3 bn roubles in the project. The maximum design capacity of the facility is 3.2 mn tonnes of concentrate per year. During the facility’s pilot operation, the Company specialists will adjust the equipment and operating models in order to operate at the design capacity levels. The facility will process the intake and unloading of Lebedinsky GOK’s iron ore concentrate, as ...
20 October 2017., 13:01   comment

Metalloinvest’s HBI-3 Plant recognised as the best investment project in 2017

Metalloinvest’s third hot briquetted iron (HBI) production facility, HBI-3 Plant, has won the 'Investment Project of the Year' prize at the Russian Mining Excellence Awards 2017; HBI-3 Plant was launched at Lebedinsky GOK in July thisyear. The awards ceremony took place at MINEX Russia 2017, the 13th year the international mining forum has occurred. Independent experts praised HBI-3 Plant, which is the largest in Russia and one of the most powerful in the world, with a capacity of 1.8 mn tonnes ...
13 October 2017., 11:58   comment

Metalloinvest signs new credit facility agreements

Metalloinvest (“the Company”), a leading global iron ore and merchant HBI producer and supplier, and one of the regional producers of high-quality steel, has signed two long-term credit facility agreements with ING Bank guaranteed by export credit agencies (ECA). The funds will be used to purchase equipment for the implementation of investment projects at Ural Steel (part of Metalloinvest). One of the agreements, a EUR 11.5 mn ten-year credit line guaranteed by Euler Hermes Aktiengesellschaft ...
10 October 2017., 14:47   comment

Metalloinvest increases productivity at OEMK's DRI Plant 2

OEMK (part of Metalloinvest) has successfully completed major repair works at DRI Plant 2. This has enabled the plant to increase production from 88 to 110 tonnes per hour. The increased productivity at DRI Plant 2 will enable OEMK to boost direct reduced iron (DRI) production by nearly 200,000 tonnes per year. OEMK operates four DRI Plants with a total production capacity of over 3 mn tonnes of DRI per year. DRI is the ideal raw material for the production of high-quality steel grades, and ...
22 September 2017., 16:13   comment

Lighting at three Metalloinvest enterprises becomes 70% more energy efficient

Philips Lighting has modernised the lighting systems at OEMK, Lebedinsky GOK and Mikhailovsky GOK, which will enable Metalloinvest to save over 30.5 mn kWh per year. Philips Lighting, a leader in global lighting solutions, has completed the first stage of large-scale renovation work on the lighting systems at three Metalloinvest enterprises: OEMK, Lebedinsky GOK and Mikhailovsky GOK. As part of the project, ready-made lighting systems have been installed at a total of 17 production facilities. ...
15 September 2017., 14:50   comment

Metalloinvest discusses freight transport partnership opportunities

A meeting has taken place at Lebedinsky GOK (part of Metalloinvest) to discuss Metalloinvest enterprises' partnership with the rolling stock operating company New Forwarding Company (part of Globaltrans Group), specifically focusing on issues relating to freight transport organisation in the current year, as well as from 2018-2019. Participants in the meeting included: representatives of Management Company Metalloinvest, Lebedinsky GOK, Mikhailovsky GOK, OEMK, Ural Steel and Ural Scrap Company, ...
09 August 2017., 11:40   comment

Metalloinvest signs long-term contract with Severstal to supply iron ore concentrate

Metalloinvest and Severstal have signed a new long-term contract for the supply of 1.8 mn tonnes of iron ore concentrate, valid until 30 June 2018. Deliveries will be made from Lebedinsky GOK (part of Metalloinvest). The contract also covers the supply of dry iron ore concentrate in the winter. Pricing will be determined through a formula based on market indicators for iron ore prices in both global and domestic markets. Nazim Efendiev, First Deputy CEO, Head of Sales, Management Company Metalloinvest, ...
17 August 2017., 13:51   comment

Metalloinvest signs long-term contracts with Mechel for supply of iron ore products

Metalloinvest and Chelyabinsk Metallurgical Plant (part of Mechel) have signed long-term contracts for the delivery of approximately 1.6 mn tonnes of iron ore and pellets. The contract stipulates that Mikhailovsky GOK (part of Metalloinvest) will supply 0.6 mn tonnes of pellets and 1 mn tonnes of iron ore concentrate and sintering ore to Chelyabinsk Metallurgical Plant before 30 June 2018. Pricing will be determined through a formula based on market indicators for iron ore prices in both global ...
08 November 2017., 13:21   comment

Metalloinvest signs long-term contracts with Evraz for supply of iron ore products

Metalloinvest and Evraz have signed new long-term contracts for the supply of 3.4 mn tonnes of iron ore and pellets. The contracts stipulate that Mikhailovsky GOK (part of Metalloinvest) will supply Evraz with 1.6 mn tonnes of pellets and 1.8 mn tonnes of iron ore concentrate before 30 June 2018. Nazim Efendiev, First Deputy CEO, Sales Director, Management Company Metalloinvest, commented: “Supplying high-quality iron ore products to Russian steel companies on long-term contracts is a permanent ...
08 July 2017., 17:00   comment

Metalloinvest launches one of largest hot briquetted iron production facility in world

Metalloinvest has launched its third hot briquetted iron production facility (HBI-3 Plant) at Lebedinsky GOK in Gubkin, Belgorod region. The plant is the largest HBI production facility in Russia and one of the biggest in the world. Participants in the official launch ceremony for HBI-3 Plant included: Vladimir Putin, President of the Russian Federation; Denis Manturov, Minister of Industry and Trade of the Russian Federation; Alexander Beglov, Plenipotentiary Representative of the President ...
17 July 2017., 11:30   comment

Metalloinvest Increases Iron Ore and Steel Outputs

In Q1, 2017 Metalloinvest produced 10.07Mt of iron ore, (+0.4% compared with the corresponding period of 2016:10.04Mt). Production of nodules grew 0.2% up to 5.98Mt compared with Q1 2016, while production of direct reduced iron dropped 0.6% to 1.47Mt. Pig iron production dropped 14.6% to 0.64Mt compared with Q1 2016. Steel melting in Q1 2017 increased 12.6% to 1.23Mt compared with January-March 2016. In Q1 2017 iron ore exports reached 2.79Mt (-1.4% compared with the corresponding period of ...
22 May 2017., 13:45   comment