2015-02-12 06:06:48 UCP Resources grew its share in Сhelyabinsk Zinc Plant
Сhelyabinsk Zinc Plant (CZP) has received notification from Ilya Sherbovich that as at February 03, 2015 he indirectly controls 14,607,635 ordinary shares in the CZP through the company UCP Resources (direct control). This represents 26.95% of the existing issued share capital of СZP. ...
2015-02-11 06:21:26 CRC of OMK increased hot-rolled coiled stock production by 10%
The Casting and Rolling Complex (CRC, an affiliate of OMK-Steel, part of United Metallurgical Company, OMK) produced over 1 million tons of hot-rolled coiled stock; that figure is up 10% from 2013. The complex rolled out 24,000 tons of sheets and 328,000 tons of strips in the period under ...
2015-02-10 06:03:44 MMK sets two more records in its modern history
Magnitogorsk Iron and Steel Works (MMK or the Company) shipped a record amount of products to pipemakers and produced the largest amount of hot-rolled products in 2014 for the whole period of its modern history.
In 2014, MMK shipped over 2.78 mln tonnes of metal products to ...
2015-02-09 06:03:57 NLMK Kaluga continues to expand mix of products for construction
In 2014 the next-generation EAF mill NLMK Kaluga, part of NLMK Group’s Long Products Division, significantly expanded its product mix. The plant began delivering 25x4 angles; #10 rebar; and 75x6 angles to its customers in the Central and Volga Regions of Russia.
In 2014, NLMK ...
2015-02-09 05:35:39 Nord Gold took new gold area
Nord Gold announced that its Berezitovy mine has won an auction for an exploration and mining licence in the Hayktinskaya gold area in the Amur region in Russia.
The Hayktinskaya area is adjacent to Nordgold’s existing licence areas of the Berezitovy mine and covers an area ...
2015-02-06 06:02:29 MMK produced record volume of cast iron
Magnitogorsk Iron and Steel Works (MMK) has produced 10.28 mln tonnes of cast iron in 2014, a record for the whole period of its modern history.
The previous record was set 23 years ago, in 1991, when the mill operated 10 blast furnaces. However, the new 2014 record was set ...
2015-02-05 06:23:10 Kola GMK renovates an arc furnace
Kola GMK (MMC Norilsk Nickel affiliate) has completed another stage of Electric Arc Furnace (EAF) №5 plough-back major repairs project by assembling its outer shell with sidewall and hearth lining coming next.
Reintegration of EAF №5 into the production cycle is caused by a ...
2015-02-05 06:04:30 EVRAZ increase production of Gorno-Shorsky Ore Mine
Evrazruda, a subsidiary of EVRAZ, started mining in a new +115-meter level with ore reserves of 37 million tonnes and iron content of up to 30%. State-of-the art self-propelled equipment is used to mine and haul rock, making the Gorno-Shorsky Ore Mine the first ore-mining site in the company ...
2015-02-04 06:12:32 Metalloinvest will supply iron ore to ArcelorMIttal
Metalloinvest has announced the signing of an iron ore supply contract with ArcelorMIttal, the world’s leading steel and mining company, until April 2016. The agreement provides for total supplies of more than two million tonnes of iron ore concentrate which will be utilized at the ...
2015-02-03 06:58:42 Rusal grew foil output to 94 thousand tons
In 2014 Rusal has increased aluminium foil production by 5% to 94 thousand tons due to raising capacity ratio of its all plants.
According to Rusal press release, Sayanal grew aluminium foil output up 3% to 42 thousand tons, Ural Foil – up 5% to 19 thousand tons, ...
2015-02-03 06:41:14 NLMK will enhance the efficiency of steelmaking operations
NLMK Group has signed a contract with SMS Group for full time service of key process equipment at the BOF Shops at the Lipetsk production site.
Maintenance of steelmaking operations at such a scale is outsourced in Russia for the first time: productivity of BOF Shops at the Lipetsk ...
2015-02-02 06:14:10 Severstal is to invest 30 billion rubles in its mine and mettalurgical facilities
Severstal announced details of its 2015 capital investment program to support the delivery of Severstal’s strategy and long-term competitiveness. It plans to invest approximately 30 billion rubles across the business in 2015. This investment will primarily focus on developing key ...
2015-01-30 11:31:53 Norilsk Nickel invested over 1 billion rubles in Kola GMK
Throughout 2014 Kola GMK (MMC Norilsk Nickel affiliate) has spent a total of over 1 billion rubles towards new equipment for its enterprises by purchasing in excess of 900 pieces of machinery.
To improve mining productivity at Severny Mine the company procured: heavy-duty underground ...
2015-01-30 06:05:38 Vyksa Steel Works increased pipes output by 20% to 1.8 million tons
Vyksa Steel Works, a subsidiary of United Metallurgical Company (OMK), produced 1.8 million tons of assorted pipes in 2014. This is up 20% against 2013. The production of large diameter pipes grew by a third, and exceeded 1 million tons. The production of wide rolled plates rose by 30% to ...
2015-01-29 06:08:33 NLMK and OMK extend of contract for slabs
NLMK Group and OMK Group (United Metallurgical Company) have extended their contract for the supply of Novolipetsk slabs for the production of large diameter pipes at the Vyksa Steel Works up to and including 2019.
Under the contract, NLMK will continue to supply the continuously ...
2015-01-28 12:17:46 TMK and Rusnano expand high-tech pipe production
TMK, one of the world's leading producers of tubular products, and state owned Rusnano Corporation are running a joint project at TMK’s Seversky pipe plant to expand the production of high-tech pipe with improved performance for the oil and gas industry. Rusnano has invested 5.5 bln ...
2015-01-27 06:53:06 EVRAZ supplies first-ever in the world 100-meter rails for the Moscow metro
EVRAZ delivered the first batch of 100-meter head-hardened R65 rail for the Moscow metro. Produced by EVRAZ ZSMK, the rails have been recently installed in the Arbatsko-Pokrovskaya line between the Kievskaya and Slavyanskiy Bul’var stations. It is the first-ever use of 100-meter rail ...
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 ...