Metallurgy news

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  • 2015-01-26 12:03:49
    NLMK Group rose sales on the Russian market
    In 2014 NLMK Group grew sales by 3.2% up 15.9 million tons, the key growth factors being the increase in production at NLMK Kaluga (by a factor of 2.7 y-o-y) and the increase in steelmaking equipment productivity at the Lipetsk site. Group steel product sales increased by 2.0% ...
  • 2015-01-21 06:47:30
    Industrial Metallurgical Holding ramped up the pig iron production by 4%
    Industrial Metallurgical Holdings (therefore - IMH) announced its operating results for the full year 2014. According to its press release, IMH ramped up the output of nearly all types of its products. Growing efficiency of the Butovskaya mine and the Uchastok Koksoviy open-pit mine ...
  • 2015-01-19 06:39:39
    Russian copper export grew by almost 27%
    For 11 months of 2014, Russia sole 258,500 tons of copper, up 26,7% in compared with the same period of 2013. Copper supplies in terms of money reached $1.729 billion, according to the Federal Custom Service. The most share copper was sold to non-CIS countries – 253,600 ...
  • 2014-12-24 17:03:38
    Metalloinvest and NLMK announce contract extension
    Metalloinvest and Novolipetsk Steel (NLMK) today announced the extension of their existing long-term pellet supply contract until 31 December 2015. According to the agreed terms, Metalloinvest will supply NLMK with a total of 6.6 million tonnes of pellets next year. The pricing under ...
  • 2014-12-04 17:21:23
    Metalloinvest and Rosneft announce partnership agreement
    Andrey Varichev, CEO of Metalloinvest, and Igor Sechin, President of Rosneft, have signed a strategic partnership agreement in regards to the development of high-quality lubricant production in Russia. The partnership envisages cooperation between the companies to study the impact of ...
  • 2014-11-14 17:22:33
    Metal-Expo’2014 offered new opportunities to market participants
    Metal-Expo’2014, the 20th Jubilee International Industrial Exhibition with 650 exhibitors from 35 world countries was held on November 11-14 in Moscow. Around 30 000 users of ferrous and non-ferrous products from different industry segments including construction, heavy engineering, ...
  • 2014-10-29 15:30:51
    Russia's TMK sees higher rouble borrowing costs as sanctions bite
    According to Reuter's Russia's largest steel pipe maker TMK (TRMK.MM) is considering an initial public offering for its U.S. unit to help offset an expected 1-2 percentage point rise in rouble borrowing costs over the next few years as Western sanctions bite. Russia's economy has ...
  • 2014-10-29 15:27:30
    EVRAZ to Increase Grinding Balls Production By 30%
    EVRAZ started the ball mill construction project at EVRAZ NTMK in Nizhny Tagil, Russia. Production launch is scheduled for 2017, while the total investments are estimated at RUB 1 bln. The annual production capacity of the new mill will be 135 thousand tonnes. The product offering will ...
  • 2014-10-09 18:28:01
    Metalloinvest begins construction of world’s largest HBI plant
    Metalloinvest has entered the active phase of construction and installation works for the third hot briquetted iron plant (HBI-3 Plant) at Lebedinsky GOK in Gubkin, Belgorod region. The plant will have an annual production capacity of 1.8 million tonnes and will be the largest HBI production ...
  • 2014-10-07 14:12:57
    NLMK and Siemens implement large-scale environmental project at Novolipetsk
    NLMK Group, Russia’s leading manufacturer of high value added steel products, has concluded a contract with Siemens VAI for undertaking the main works as part of a large-scale project of upgrading both gas exhaust equipment and emission collection and cleaning systems at the ...
  • 2014-10-06 16:34:24
    Alexey Mordashov: Russian Economic Prospects
    lexey Mordashov, CEO of Severstal, President of “Russian Steel” partnership Key takeaways: Russian economy has dramatically transformed over the last few years, but there is still much to be done Russian steel has structural advantages, it is a profitable and ...
  • 2014-09-30 16:10:10
    Results of NLMK Extraordinary General Meeting of Shareholders
    NLMK’s Extraordinary General Meeting of Shareholders resolved to pay out dividends for the first six month of 2014 on NLMK ordinary shares in the amount of RUB 0.88 per share; and set the date on which shareholders entitled to the dividends will be determined at 11 October 2014. ...
  • 2014-09-29 12:54:32
    NLMK enhances efficiency of blast furnace operations
    NLMK Group, a leading manufacturer of steel and rolled products with high added value in Russia, has upgraded air-blowing equipment used in blast furnace operations in Lipetsk. This upgrade will enable NLMK to reduce its environmental footprint and save approximately RUB 210 million through ...
  • 2014-09-22 15:21:44
    August 2014 crude steel production for the 65 countries reporting to worldsteel
    World crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 135 million tonnes (Mt) in August 2014, an increase of 1.4% compared to August 2013. China’s crude steel production for August 2014 was 68.9 Mt, up by 1.0% compared to ...
  • 2014-09-22 12:49:20
    EVRAZ NTMK Announces Certification Of New Railway Wheel Type
    EVRAZ NTMK has completed TSI certification of its BA-004 solid-rolled railway wheels for freight cars. The Compliance Certificate was awarded by VUZ, the European certificating authority for rail transport. Earlier two other wheel types, BA-318 and BA-319, had received TSI ...
  • 2014-09-11 12:02:34
    NLMK DanSteel supplies plates for offshore wind turbines
    NLMK DanSteel, part of NLMK Europe Plate and Denmark’s only manufacturer of steel plates, has supplied 200 tonnes of plates with special dimensions made from high-strength steel for the construction of experimental foundations for offshore wind turbines as part of The PISA Project, the ...
  • 2014-08-13 14:43:14
    EVRAZ sells 34% stake in EVRAZ Highveld Steel and Vanadium
    EVRAZ plc has signed an agreement to sell 34% of the issued share capital of EVRAZ Highveld Steel and Vanadium Ltd (“EHSV” or “Highveld”) held by EVRAZ to Macrovest 147 Proprietary Limited (“Macrovest”) for ZAR 289 million (equivalent of USD 27 million as ...
  • 2014-08-12 11:18:12
    EVRAZ is ready for mass production of new rail types
    EVRAZ ZMSK received Compliance Certificates for two new rail types: headhardened DT350 rails for use in high-speed mixed-traffic railway operations and DT370 rails with higher wear resistance and contact fatigue life, from the Register of Certification on the Federal Railway. The samples ...
  • 2014-08-05 12:38:12
    Rusal finalizes the refinancing
    Rusal announced that the Company has obtained 100% credit approvals from all its lenders for the proposed amendments to the $4.75 billion and $400 million PXF facilities. In order to technically complete the refinancing, the Company intends to proceed with the execution of the ...
  • 2014-07-30 13:28:58
    Severstal reported Q2&H1 financial results
    H1 2014 revenue was 7.1% lower y/y at $6,260 million (H1 2013: $6,736 million) as Russian Steel and Resources divisions experienced lower realized prices and sales volumes; EBITDA increased 25.4% y/y to $1,140 million (H1 2013: $909 million) driven by an ongoing focus on operational ...
  • 2014-07-30 13:06:05
    Группа ЧТПЗ на 9% увеличила отгрузки трубной продукции в I полугодии 2014 г
    Предприятия трубного дивизиона группы ЧТПЗ – Челябинский трубопрокатный (ЧТПЗ) и Первоуральский новотрубный заводы (ПНТЗ) – в январе-июне 2014 г. поставили потребителям 881,8 тыс. тонн стальных труб, что на 9% выше результатов I полугодия 2013 года (808,3 тыс. т). За первые ...
  • 2014-07-21 15:09:15
    Severstal agrees to sell Columbus and Dearborn Facilities for US$2 325 million
    Severstal one of the world’s leading vertically integrated steel and steel-related mining companies, announces it has entered into separate definitive transaction agreements to sell its Severstal Columbus, LLC and Severstal Dearborn, LLC subsidiaries, collectively known as Severstal ...
  • 2014-07-21 10:47:17
    EVRAZ ZSMK adopts pulverised coal injection technology
    EVRAZ ZSMK has launched a pulverised coal injection unit for two of its blast furnaces. The unit's productive capacity amounts to 160 tons of pulverised coal fuel per hour, or about 1.3 million tons annually. Investment for this project has exceeded 7 billion Rubles. ...
  • 2014-07-14 11:21:50
    Severstal increased production in Q2 2014
    Severstal one of the world’s leading steel and steel-related mining companies, today announces its operational results for Q2 2014 and H1 2014. Q2 2014 Group highlights ° Crude steel production increased 5% q/q driven by production growth both at the Russian Steel Division ...
  • 2014-07-01 12:26:18
    NLMK INCREASES ENERGY SELF-SUFFICIENCY
    Specialists at NLMK Group’s Lipetsk production site have begun hot testing a new turbine generator which will enable the company to increase electricity generation by 11%, or over 370 million kWh. It will also reduce electricity expenses by 2.1%, or RUB 440 million per year. The ...
  • 2014-06-27 14:47:03
    Sergey Stepanov Is Appointed the CEO of Raspadskaya Coal Company
    EVRAZ plc has announced that the Open Joint-Stock Company “Raspadskaya” has appointed Sergey Stepanov as the Chief Executive Officer of Raspadskaya Coal Company (managing company of Raspadskaya) with effect from 1 July 2014. Sergey Stepanov will continue to serve as the Head of ...
  • 2014-06-26 13:26:24
    Metal Expo arranges 20th anniversary exhibition by September
    The 20th anniversary exhibition Metal Expo 2014 will take place on 11-14th November at Moscow All-Russia Exhibition Center at halls 69 and 75. Exposition will be fully arranged in July - August this year. Some 700 companies from 35 countries will participate in the event, more than ...
  • 2014-06-23 18:18:22
    NLMK supplies OMK with 1 million tonnes of slabs for large-diameter pipes
    Since 2012, as part of a long-term contract, NLMK Group (LSE: NLMK), a major Russian steelmaker, has supplied OMK Group (Unified Metallurgical Company), a leader in the Russian large-diameter pipe market, with over 1 million tonnes of slabs for the production of large-diameter pipes. ...
  • 2014-06-20 06:00:04
    TMK Announces Board of Directors Decisions
    TMK announces that the Annual General Shareholders’ Meeting was held in Moscow on June 19, 2014. Shareholders approved the annual report and financial statements for the 2013 financial year. Shareholders also elected the Board of Directors and the Revision Commission. They also ...
  • 2014-06-19 12:18:04
    Evraz starts rebar mass production in Kazakhstan
    EVRAZ plc announces the start of mass production at its rolling mill EVRAZ Caspian Steel in Kostanay, Kazakhstan. The first lot of rebar from the new mill has been already delivered to customers. The plant has a planned production capacity of 450 thousand tonnes of rebar per annum, ...
  • 2014-06-06 20:50:53
    RESULTS OF THE 2014 ANNUAL GENERAL MEETING
    NLMK held its Annual General Meeting today. Shareholders voted to re-elect the Board of Directors, including three independent directors; to confirm Oleg Bagrin as the Group’s President, and to approve dividend payments of RUB 0.67 per share. NLMK (LSE: NLMK) announces the ...
  • 2014-06-06 20:48:30
    VLADIMIR LISIN RE-ELECTED CHAIRMAN OF NLMK’S BOARD OF DIRECTORS
    NLMK’s Board of Directors today held its first meeting since the Annual General Shareholders’ Meeting. Vladimir Lisin was elected Chairman of the Board, and Vladimir Skorokhodov was appointed Deputy Chairman of the Board. The Board of Directors also approved a schedule for ...
  • 2014-05-23 18:12:37
    Rusal and Rosneft signed partnership agreement
    UC Rusal and Rosneft announced the signing of a long-term agreement for the supply of petroleum coke and natural gas to Rusal’s plants. The document was signed by the CEO of Rusal, Oleg Deripaska and the President of Rosneft, Igor Sechin at the XVIII St. Petersburg International ...
  • 2014-05-15 14:31:02
    NLMK TO SUPPLY PRE-PAINTED STEEL FOR SAMSUNG WHITE GOODS PRODUCTION IN KALUGA
    NLMK Group, a leading producer of steel and high-value added rolled products in Russia, has commenced supplies of pre-painted steel for production of ’white goods‘ by Korean conglomerate Samsung at their facility in Kaluga region. NLMK is entering the niche ...
  • 2014-05-15 11:11:17
    Norilsk Niclel signed credit facility agreement with ING Commerical Banking
    Norilsk Nickel (further, Norilsk Nickel or the Company) announces the signing of a US$ 200 million 5-year bilateral unsecured facility agreement with bullet repayment at maturity with ING Commercial Banking in Russia. The proceeds will be used for general corporate purposes and as a ...
  • 2014-05-06 15:55:14
    UMMC and Gindre formed a joint venture
    UMMC-Non-Ferrous Metals, a subsidiary of Ural Mining and Metallurgical Company (UMMC) and Gindre Duchavany, a subsidiary of the Gindre Group, formed a joint venture on Kolchuginsk Non-Ferrous Metals Plant (Vladimir region). The new joint venture will produce conductors intended to ...
  • 2014-05-06 10:52:16
    KUZOCM boosted sales
    In the first quarter of 2014 Kamensk-Uralsky Non-Ferrous Processing Plant (KUZOCM) increased of sales of products up to 1,021 tons which is 20.7 % more than in the same period in 2013. In the total sales of the largest share still belongs to the brass rolled products - 52.1%, whereas ...
  • 2014-04-28 13:09:06
    NLMK and Posco Engineering & Construction enter into cooperation agreement
    NLMK Group and Posco Engineering & Construction have singed a general agreement of strategic cooperation to jointly implement investment projects to modernize blast furnace, steelmaking and rolling operation at the Lipetsk production site. Projects implemented as part of the ...
  • 2014-04-24 16:50:17
    VSMPO-Avisma restarted ferrotitanium production
    VSMPO-Avisma Corporation restarted ferrotitanium output, which stopped in 2013. It plans to produce 300 tons of ferrotitanium till the end of April. In September 2013 VSMPO-Avisma decided to suspend production of ferrotitanium. The reason was the situation in the European market: ...
  • 2014-04-24 16:39:03
    Recylex Group can build a recycling plant in Leningrad area
    French-based Recylex Group is considering the implementation of the project of automotive and industrial batteries recycling in the Leningrad area, Russia. The delegation of Recylex Group top managers already held talks with the regional administration. «In the Leningrad Area ...
  • 2014-04-15 14:14:50
    Norilsk Nickel signedbilateral unsecured credit lines for the total amount of US$ 750 million
    MMC Norilsk Nickel (further, Norilsk Nickel or the Company) announces the signing of two bilateral 5-year unsecured facility agreements with ZAO UniCredit Bank and ZAO “Raiffeisenbank” for the amount of US$ 400 million and US$ 350 million correspondingly. The funds will be ...
  • 2014-04-09 07:08:15
    NLMK brings premium products to the Russian market
    NLMK Group is bringing new premium steel products to the Russian market – thick plate low-alloy abrasion-resistant Quard steel and structural high-strength Quend steel, both designed for use in the manufacture of construction and mining equipment and machinery. NLMK Group is ...
  • 2014-03-21 16:48:09
    Quard and Quend: new high value added products developed by NLMK Clabecq
    In October 2011, NLMK Europe launched the Quenching & Tempering Steel transformation line at the Clabecq site (Belgium). This was a strategic investment of more than EUR 100 million for NLMK Europe’s plate business unit. Located in Ittre, Belgium, NLMK Clabecq produces ...
  • 2014-03-21 15:17:55
    New aluminum profiles production launched in Russia
    Zlatoust Machine-Building Plant, Chelyabinsk area launched the aluminum profiles production today. This project was financed by Sberbank of Russia. The extrusion line of capacity of 6,000 tons of aluminum profiles per year, the lines of their coloring and packaging, an automated ...
  • 2014-03-20 16:23:12
    Rusal and Omen to create joint venture
    UC Rusal and Israeli company Omen High Pressure Die Casting (“Omen”), a specialist producer of automotive components from non-ferrous metals, announce the signing of a shareholder agreement to create a joint venture to produce automotive components. The joint venture ...
  • 2014-02-13 17:20:50
    Chelyabinsk Zinc Plant received new shareholder
    Chelyabinsk Zinc Plant (hereinafter – «CZP») has received notification, on 11 February 2014, from Ilya Sherbovich that as at 03 February 2014 he indirect held 8,379,789 ordinary shares in the Company. This represents 15.4621% of the existing issued share capital of CZP. ...
  • 2014-02-03 06:09:34
    Norilsk Nickel increased copper production
    Consolidated copper production of Norilsk Nickel increased 0.6% q-o-q to 93 thousand tonnes in 4Q13. In 2013, Norilsk Nickel beat annual production guidance with 371 thousand tonnes of copper output, up 2% year -on-year. This growth was mainly attributed to an increase in the volume of ...
  • 2014-01-31 11:53:17
    Norilsk Nickel plans to sale goldfields operations in Australia
    Norilsk Nickel Australia, a subsidiary of Norilsk Nickel, has entered into a definitive agreement to sell its North Eastern Goldfields Operations in Western Australia (Nego) to Saracen Metals (Saracen), a wholly owned subsidiary of the Saracen Mineral Holdings a company listed on the ...
  • 2014-01-28 15:33:00
    Norilsk Nickel Joins Anti-Corruption Charter
    Norilsk Nickel took the decision to join the Russian Anti-Corruption Charter for Business. The Charter aims at more energetic effort of the business community in the field of countering corruption in the corporate sector. The basic principles of anti-corruption behavior of the ...
  • 2014-01-27 13:47:26
    Norilsk Nickel and BASF have entered PGM supply contract
    Norilsk Nickel and the BASF chemical company have signed a large-scale long-term PGM chemicals supply contract. The contract was signed in BASF headquarters in Ludwigshafen, Germany. Norilsk Nickel will deliver PGM chemicals to BASF production site in Europe. BASF will use them for ...
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