Metallurgy news

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  • 2014-01-24 17:19:42
    Furnace Repairs Started at Nadezhda Plant
    Scheduled 10-day long repairs of Flash Smelting Furnace No 1 (FSF-1) have been started at the Norilsk Nickel Polar Division Nadezhda Metallurgical Plant. Flash Smelting Furnaces No 1 and No 2 are the chief units used in sulfide concentrate processing chain that yield converter matte ...
  • 2014-01-24 15:31:26
    Italian-made Manipulators Installed at Nickel Plant
    Four new Italian-made Dalmec manipulators have been installed at Nickel Plant Electrowinning Workshop. Suction cup-outfitted manipulators can transport cathodes – sheets with accreted nickel – across the finished product batching process stage, which simplifies handling and ...
  • 2014-01-22 15:11:56
    OMZ Special Steels manufactured shell for VVER-TOI reactor
    OMZ Special Steels, part of OMZ Group, successfully forged an ingot of 420 tonnes at an automated forging complex AKK-12000. The ingot was casted in the late December 2013 from the steel. The forged shell was manufactured for active zone of VVER-TOI reactor developed by the general ...
  • 2014-01-20 12:46:22
    Pavel Shilyaev appointed acting CEO of MMK
    Board of Directors of Magnitogorsk Iron and Steel Works (MMK) appointed Mr. Pavel Shilyaev acting CEO of the company. Boris Dubrovsky, former MMK CEO, was appointed acting Governor of the Chelyabinsk Region (Southern Urals) by the Decree of the Russian president Vladimir Putin dated ...
  • 2014-01-20 12:41:54
    Severstal-SMC-Vsevolozhsk begins production
    Severstal-SMC-Vsevolozhsk, a joint venture of Mitsui and Severstal, began production with its first 140 tonnes of blank metal parts. Two production lines are currently operating as part of a trial at Severstal-SMC-Vsevolozhsk, producing cut-to-length rolled steel from feed metal ...
  • 2014-01-09 11:31:34
    Mechel appointed new CEO
    Mechel announces the appointment of the company’s Senior Vice-President for Economics and Management Oleg Korzhov as Mechel’s Chief Executive Officer. This decision was approved by the company’s Board of Directors and is valid starting on January 1, 2014. Evgeny Mikhel, who ...
  • 2013-12-30 07:17:58
    Mechel closed deal on disposal of two assets
    Mechel announced closing the deal for disposal of 100% shares in Voskhod Mining Plant (Khromtau, Kazakhstan) and Tikhvin Ferroalloy Plant (Tikhvin, Leningrad Region, Russia) to Turkey’s Yildirim Group for a total of US$425 million. In accordance with the deal’s conditions, ...
  • 2013-12-26 17:38:11
    EVRAZ is expanding its’ supply of railroad products to Europe
    VUZ, the European certificating authority for rail transport, has issued EVRAZ with a Compliance Certificate (TSI) for all rolled railway wheels with a diameter of 920 mm of design type BA 318. Being awarded this certificate, in conjunction with a compliance certificate showing that the ...
  • 2013-12-24 11:59:44
    Norilsk Nickel to pay dividend for 9 month of 2013
    Extraordinary General Meeting of Shareholders (the EGM) of MMC Norilsk Nickel (MMC Norilsk Nickel or the Company) was held in Moscow on December 20, 2013. Following Board’s recommendations the EGM approved payment of interim dividends for 9 months of 2013 in the amount of RUB 220.7 ...
  • 2013-12-23 17:02:08
    Norilsk Nickel signed a contract for the delivery of technology and equipment to Talnakh concentrator
    Norilsk Nickel has signed a contract with Finnish Outotec for the delivery of technology and equipment to the 2nd expansion phase of Talnakh concentrator (Transpolar Division). Outotec will deliver fully automated flotation complex including flotation cells in different sizes, ...
  • 2013-12-23 11:08:02
    OMZ-Special Steel cast giant ingot
    OMZ-Special Steel, part of OMZ group, successfully produced a 420-tonne bar of 15X2HMFA class one steel. The ingot will be used in production of a normal experiment active zone shell for the next generation VVER-TOI reactor. The reactor was designed by Atomenergoproekt, the main developer ...
  • 2013-12-23 10:12:52
    Mechel signed agreemnts with Sberbarnk of Russia
    Mechel Group announces signing agreements with Sberbank of Russia on restructuring a part of Mechel’s debt to the bank (25.5 billion rubles, approximately 773 million US dollars*). The Group’s obligations to the bank are extended by 5 years, with a grace period until the first ...
  • 2013-12-17 18:27:31
    New copper ores processing launched in Russia today
    Russian Copper Company launched Mikheyevsky ores processing plant (hereinafter - Mikheyevsky GOK) in the Chelyabinsk area of Russia. The new company will produce and process approximately 18 million tonnes and produce up to 63 thousand tons of copper in concentrate per year. ...
  • 2013-12-16 17:55:09
    NLMK Group appoints new Vice President for Sales
    NLMK Group announces the appointment of Ilya Guschin as Vice President for Sales. Sergei Khorn, former acting Vice President for Sales, is appointed his deputy. Ilya Guschin is responsible for coordinating NLMK Group’s sales divisions in order to enhance their efficiency. Service ...
  • 2013-12-10 10:43:58
    Mechel agreed on covenant holidays with Sberbank
    Mechel announced reaching agreement on covenant holidays on bilateral credit lines from Sberbank of Russia amounting to 44.9 billion rubles (approximately 1.36 billion US dollars) until the end of 2014. “We are grateful for Sberbank’s support of Mechel’s revised ...
  • 2013-12-05 13:13:57
    Russia may annual copper and nickel export duties
    Russian government may abolish copper and nickel export duties in 2014, and to take other measures to support the steel industry companies, Russian media write. According to the protocol of a recent meeting with the Prime Minister Dmitry Medvedev told a number of ministries to support ...
  • 2013-12-05 08:11:25
    Mechel agreed on covenant holidays with VTB
    Mechel reached agreement on covenant holidays on bilateral credit lines from VTB Bank amounting to USD 1.8 billion until the end of 2014. “This agreement once again demonstrates that VTB is one of our most longstanding and credible partners. We are thankful to VTB for many years ...
  • 2013-12-04 11:31:57
    OMZ Special Steels launched an accelerated cooling unit
    OMZ Special Steels, part of OMZ Group, put into operation an accelerated cooling system for its press shop. The new system is designed for differential (selective) heat treatment of rolls used in metalworks. The equipment provides heat treatment of rolls made of different steel grades; ...
  • 2013-12-02 18:06:54
    Auriant Mining reiterated forecast for 2013 production
    Auriant Mining published interim report for the period from January to September 2013. Consolidated revenue from gold and gold equivalents for 9 months 2013 increased by 95% to MSEK 230.3 (US$ 35.8 m) compared to 9 months 2012 in amount of MSEK 118.1 (US$ 18.1 m). Total ...
  • 2013-11-29 17:46:29
    Rusal to invest EUR 4 mln in aluminium powder production
    UC Rusal announced a plan to modernize the SUAL-Powder Metallurgy (Shelekhov, Russia) plant. The total project investment is estimated to be EUR 4 mln. The plant is acquiring a classifier mill. The installation of the new equipment will result in an increase in production capacity of ...
  • 2013-11-25 18:02:32
    Mechel agreed on covenant holidays on $1 billion syndicated loan
    Mechel announced today reaching agreement on covenant holidays on its $1 billion syndicated facility until the end of 2014. The agreement was signed on behalf of a syndicate of leading international banks, including ING Bank, Societe Generale, UniCredit, Commerzbank, Raiffeissen Bank ...
  • 2013-11-25 16:17:57
    NLMK Group optimizes energy sector management
    NLMK Group continues to optimize its energy sector management. This process is part of developing an efficient and transparent functional/divisional management system covering all production sites in Russia and abroad; and a comprehensive program aimed at boosting business process ...
  • 2013-11-22 11:57:55
    New Gyro Crusher Launched at Norilsk Nickel Talnakh Concentrator Plant
    Installation of a newly-assembled gyro crusher No 13 has been completed at the Milling and Flotation Workshop of the Talnakh Concentrator Plant (TCP). The replaced mill has had a service life of 13 years. According to Igor Zorin, Deputy Production and Technology Head of the ...
  • 2013-11-21 04:14:54
    SSAB develop steel products sales in Russia
    «The Russian market is a priority for SSAB,» Martin Lindqvist (Martin Lindqvist), President of SSAB told the Metal Supply and Sales Magazine at a press conference held as part of the ceremony of summing up the competition Swedish Steel Prize of 2013. «We already sale ...
  • 2013-11-07 14:08:09
    NLMK and OMK renew contract for slabs used in large diameter pipe production
    NLMK Group, Russia’s largest steelmaker, and OMK Group, Russia’s leading pipe manufacturer, signed a new Agreement on long-term cooperation renewing the contract for the supply of slabs until and inclusive of 2016. These slabs will be rolled into plates at the new Vyksa Steel ...
  • 2013-11-06 17:22:40
    Severstal will supply rolled steel for Nissan Almera model
    The Cherepovets Steel Mill, one of the world’s largest integrated steel mills (part of Severstal’s Russian Steel Division), entered into another agreement to supply rolled steel for the production of Nissan Almera model. First deliveries were launched in Q4 2012. Nissan ...
  • 2013-11-06 15:25:46
    Izhora Pipe Mill achieves European Accreditation
    The Izhora Pipe Mill, part of Severstal, one of the world’s leading steel and steel-related mining companies, has received certification allowing it to supply pipes to the European market, which would include the South Stream pipe line system’s on-land sections. The Izhora ...
  • 2013-11-05 12:07:20
    En+ Group changes management board
    En+ Group, a leading Russia-based industrial conglomerate, announces changes to its management board. Mr. Vladimir Polin is appointed Chief Operating Officer of En+ Group. Mr. Polin is responsible for increasing the efficiency of the group’s businesses, overseeing the investment ...
  • 2013-10-25 15:07:01
    Norilsk Nickel continues to implement cobalt project
    Kola MMC (an MMC Norilsk Nickel subsidiary) stepped on another stage of Cobalt project. Cutting cobalt cathodes equipment was shipped to the Company. Semi-automatic cobalt cathodes cutting sequence is machinery comprising almost twenty units: scissors of all kinds, conveyors, special ...
  • 2013-10-23 14:17:51
    Stoilensky improves system of handling and storing iron ore waste
    Stoilensky, NLMK Group’s iron ore producer, is going ahead with production testing the first stage of its thickening unit at the tailings department as part of the plant’s programme aimed at enhancing the efficiency of its existing infrastructure. With the startup of this ...
  • 2013-10-22 15:12:26
    Alcoa and VSMPO-Avisma to form joint venture
    Alcoa and Russia’s VSMPO-Avisma Corporation, the world's largest manufacturer of titanium ingots and forged products, have agreed to join forces to meet growing demand for high-end titanium and aluminum products for aircraft manufacturers worldwide. Alcoa Chairman and CEO Klaus ...
  • 2013-10-22 12:44:20
    Chelyabinsk Zinc Plant focuses in the Russian market
    Chelyabinsk Zinc Plant (CZP) produced 125,609 tonnes of salable SHG zinc and zinc based alloys in 9M 2013, an increase of 3.5% as compared to 9M 2012 (121,335 tonnes). 65.9% of metal was supplied to the domestic market that coincides with the last year level. CZP’s affiliated ...
  • 2013-10-17 18:00:10
    NLMK Group Q3 2013 Trading Update
    In Q3 2013, NLMK Group steel output grew by 3% to 3.897 m t, driven among other factors by a 0.1 m t increase in output at NLMK Kaluga. Q3 steel product sales totaled 3.719 m t (-1.4% q-o-q). Finished product sales grew by 5.5% q-o-q to 2.896 m t; their share in total sales growing 5 p.p. to ...
  • 2013-10-17 16:43:42
    Rusal cutes aluminium output and cost
    Today UC Rusal announced interim results of the production volume reduction programme at its least-efficient smelters. As of 17th October, aluminium production has been mothballed at the Volgograd (VgAZ), Urals (UAZ), and Volkhov (VAZ) aluminium smelters, as well as at the first phase ...
  • 2013-10-17 14:11:43
    Norilsk Nickel has created a new nickel production technology
    Specialists of the Department of Scientific and Technological Development and Environmental Safety of Kola MMC (MMC Norilsk Nickel’s subsidiary) together with the specialists of Gipronickel Institute invented a new technology of nickel production from sulphide ore. The technology ...
  • 2013-10-15 11:09:45
    Norilsk Nickel Appoints Head of Global Sales and Marketing
    Following the announcement of its new strategy, MMC Norilsk Nickel (hereafter Norilsk Nickel" or the Compan") continues enhancing its management team and announces the appointment of Markus Meurer as Norilsk Nickel Head of Global Sales and Marketing. He will take up his ...
  • 2013-10-04 17:18:21
    Norilsk Nickel to develop business in Russia
    MMC Norilsk Nickel (hereinafter, Norilsk Nickel or the Company), today announced further details of its new strategy in London. The new strategy aims to realize the full potential of MMC Norilsk Nickel’s unique resource base at the Polar and Kola Peninsulas, increase MMC ...
  • 2013-10-04 06:49:07
    NLMK Group brings in strategic investor for NLMK Europe
    NLMK is proceeding with the restructuring of its European assets to further improve efficiency and optimize costs with an investment by SOGEPA (Société Wallonne de Gestion et de Participations S.A.), a Belgian state-owned company, in NLMK Europe. The restructuring ...
  • 2013-10-03 15:50:13
    Vtorchermet NLMK commissions new shredder at Podolsk
    Vtorchermet NLMK (part of NLMK Group), one of the largest scrap processing networks in Russia, has commissioned a new high-performance shredder at the Vtorchermet NLMK Center site in Podolsk. Designed for processing light and mixed scrap, the new shredder will improve the quality of ...
  • 2013-10-01 16:41:38
    Norilsk Nickel Board of Directors approves production and financial targets and new dividend policy
    MMC Norilsk Nickel (hereinafter, NN or the Company), the largest global nickel and palladium producer, announces that its Board of Directors today has approved the Company’s key production and financial targets for 2014-2018, which have been developed on the basis of its new strategy. ...
  • 2013-09-30 15:43:52
    Rusal makes a submission to LME on proposed rule change
    Rusal has made a submission to the London Metal Exchange (LME) Board of Directors on the proposed LME warehouse rule changes. In its submission Rusal asks the LME to postpone the introduction of the proposed rule changes and presents a set of alternative measures for the benefit of all ...
  • 2013-09-30 10:59:04
    Rusal and VEB to develop new production
    Rusal announces that it has signed a Memorandum of Intent (MOI) with Vnesheconombank (VEB) to convert Rusal’s loss-making smelters. Rusal and VEB intend to work together to create production facilities to produce aluminium- and aluminium alloys-based automotive components, rolled ...
  • 2013-09-27 16:41:13
    Rusal to participate in the creation of Taman dry-cargo port
    Rusal together with the Ministry of Transportation of the Russian Federation and the Government of the Krasnodar Territory, announces that it will participate in the creation of the Taman Dry-Cargo Port. The construction of a terminal to transfer aluminium and alloys is planned at the ...
  • 2013-09-17 16:20:49
    Yuriy Bokachev appointed Managing Director of NLMK DanSteel
    Yuriy Bokachev has been appointed Managing Director of NLMK DanSteel A/S, a Danish plate producer and part of NLMK Europe Plate Products. In this capacity, Yuriy Bokachev will be responsible for NLMK DanSteel’s operating activities, operational health and safety, and environmental ...
  • 2013-08-29 18:20:26
    Airbus and VSMPO-Avisma to reinforce partnership
    Airbus and VSMPO-Avisma Corporation signed a Memorandum of Understanding for the development of an end-to-end strategic collaboration, which covers development, processing and recycling of titanium material utilised for all Airbus aircraft programmes. The contract was signed at the ...
  • 2013-08-22 13:12:39
    Exposition of Metal-Expo’2013 is Almost Fully Arranged
    The exposition of Metal-Expo’2013, 19th International Industrial Exhibition has been almost fully arranged in Halls 69 and 75, The All-Russia Exhibition Center two and a half months before the beginning of the event. Some 800 companies from 36 world countries will participate in the ...
  • 2013-08-21 10:17:05
    Mechel sold Donetsk Electrometallurgical Plant
    Mechel announces signing an agreement with businessman Vadim Varshavsky for the disposal of 100% shares of Daveze Limited, which in its turn owns 100% shares of Donetsk Electrometallurgical Plant, for a nominal sum of 2,000 euro. The buyer also assumes the obligation to ensure ...
  • 2013-08-14 17:57:57
    KUMW to launch new rolling complex
    Kamensk-Uralsk Metallurgical Works builds a new aluminium rolling complex. 227 million dollars will be invested in the project this year. At the end of the first phase of the project, cold rolling mill, coils annealing furnaces and cutting line will be launched in in May 2014. The ...
  • 2013-08-12 11:57:28
    NLMK Q2 2013 US GAAP Results
    NLMK, the LSE-listed leading steel producer, today announces its consolidated US GAAP results for Q2 2013. Q2 2013 KEY HIGHLIGHTS: · Revenue: $2,829 million (-1% qoq) · EBITDA: $400 million (+26% qoq), EBITDA margin 14% (11% in Q1 2013) ...
  • 2013-08-08 16:31:16
    Vyksa Steel announces H1 2013 operating results
    Vyksa Steel Works produced over 790,000 tonnr of pipes of different standard sizes, 390,000 railway wheels and 278,000 tonne of flat products in H1 2013. In the reporting period of 2013, pipe production volume soared 20% YoY. LDP production amounted to 403,600 tonne, a 33% growth YoY. ...
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