Metallurgy news

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  • 2012-10-31 12:32:42
    New realities of the Russian metal and steel market
    All metal market experts have recently drawn a conclusion that it’s practically impossible to make an accurate forecast of metal supply, demand, and prices for more than 2-3 months in advance. What to do then? How to make technical-economical assessment of investments and new projects? ...
  • 2012-10-31 08:00:00
    The United Metallurgical Company is planning to give a presentation on Mill-5000 production at Metal-Expo 2012
    The UMC is planning to hold a presentation on the Metallurgical Complex Mill-5000 (MCM-5000) production in pavilion 75 of the All-Russia Exhibition Center on the 15th of November. At the presentation in the course of Metal-Expo visitors will learn about the development of tube production ...
  • 2012-10-31 07:19:51
    Boeing and VSMPO-Avisma agreed joint-venture extending and R&D cooperation
    Largest Russian titanium producer, VSMPO-Avisma, Rostekhnologii subsidiary company, and American Boeing signed a memorandum to extend titanium procurement cooperation by Ural Boeing Manufacturing (UBM) joint venture expansion. Parties will also continue the R&D interaction regarding new ...
  • 2012-10-30 16:34:23
    Rusal announces the extension of the financial covenant non-testing period under current credit facility
    UC Rusal announces that the Company has reached an agreement with its lenders on the extension, until the end of 2013, of the period during which financial covenants under the USD4.75 billion syndicated facility arranged by international and Russian lenders are not to be tested. During ...
  • 2012-10-26 11:41:36
    Ufaleynickel undergoes large-scale modernization
    This year’s investments into modernization of enterprises under the control of the managing company Highmetal KDS (Ufaleynickel, Rezhnickel, Serov Nickel Mine) will total 140 mln rubles. The major part of this sum – about 90 mln rubles – is supposed to be spent during ...
  • 2012-10-26 10:50:21
    Oleg Bagrin Elected President of NLMK
    NLMK, the leading global steelmaking company, today announced that its shareholders at an Extraordinary General Meeting (“EGM”) elected Mr. Oleg Bagrin as NLMK President (Chairman of the Management Board). Mr. Bagrin was nominated as President by NLMK’s majority ...
  • 2012-10-26 10:48:58
    Severstal Dearborn Receives Gold Medal Industry Reliability Award, Introduces Innovative Blast Furnace Technology
    Severstal North America, one of the largest U.S.-based flat-rolled steel producers, is pleased to announce that it was selected as the Gold Medal winner of the 2012 Association for Iron and Steel Technology (AIST) Reliability Achievement Award. The award, open to all North American iron and ...
  • 2012-10-26 09:25:00
    34 countries will present high-tech products and technologies at Metal-Expo'2012
    706 companies from 34 countries have already registered for the traditional annual exhibition Metal-Expo, which will be held on November 13-16. Among foreign countries Germany holds the leading positions (58 companies), followed by China (45), Italy (31), Czech Republic (14), Finland ...
  • 2012-10-25 15:05:17
    MMC Norilsk Nickel is perparing development concept for the gas complex of Norilsk industrial region
    OJSC MMC Norilsk Nickel (hereinafter – the Company or MMC Norilsk Nickel) is preparing the Concept for development of Norilsk Industrial Region’s (hereinafter – NIR) gas complex till 2030. The Company has carried out the tender to select a contractor for implementation of ...
  • 2012-10-23 13:06:15
    ZincOx and Magnezit to build dust recycling plant in Russia
    ZincOx Resources plc announces that it has on 19 October 2012 entered into a Joint Venture Agreement (JV) with Ural-Recycling LLC, a wholly owned subsidiary of Magnezit Group Limited (Magnezit). The JV will cover the first phase of a programme to establish a waste dust recycling facility in ...
  • 2012-10-23 10:31:42
    Mechel Reports Suspension of Mining Facilities in USA
    Mechel reports temporary halting of mining facilities of Mechel Bluestone (West Virginia, USA), which is part of the Group’s mining division. Due to accumulated inventories of coal, Mechel decided to temporarily suspend mining at some facilities of Mechel Bluestone’s mining ...
  • 2012-10-22 10:42:02
    Chelyabinsk Zinc Plant Announces 9M 2012 Production Results
    Chelyabinsk Zinc Plant (LSE, MICEX: CHZN), Russia’s largest producer of zinc and zinc alloys, is pleased to announce its production results for the nine months ended September 30, 2012. Chelyabinsk Zinc Plant (CZP) produced 121,335 tonnes of salable SHG zinc and zinc based alloys ...
  • 2012-10-19 10:53:31
    IT for metallurgical enterprises: determining the future
    The program of “IT for Metallurgical Enterprises: Determining the Future” Conference has been recently finalized. According to the Conference organizers this year’s list of speakers has been completely updated. Permanent members of the annual event will learn about ...
  • 2012-10-19 10:48:51
    Koreans are welcome to mine copper in Kolyma
    Administration of the Magadan region held a presentation in Seoul, South Korea, where the possibilities of metal ore mining was presented. “Our projects were aimed at mineral resources of the Magadan region, and not only gold and silver but also iron ore, copper, coal” ...
  • 2012-10-17 17:20:13
    Russian metal & steel market participants: meeting in a month!
    2013 will bring some serious changes in the Russian steel and metal market. A number of big investment projects are going to be implemented throughout the year. NLMK-Kaluga plant in Kaluga Region and UMMC-Steel plant in Tyumen will be launched in the beginning of the year; Long Product Mill ...
  • 2012-10-17 17:18:21
    Estimated iron ore resources at the Putu iron ore deposit increased to 4.4 billion tonnes
    OAO Severstal (“Severstal”, “the Company”), one of the world’s leading vertically integrated steel and steel-related mining companies, announces that an independent resource report has increased its estimates of iron ore resources at the Putu iron ore deposit in ...
  • 2012-10-17 14:11:43
    TMK Starts Supplying Pipes for Lukoil’s North Caspian Deposit
    TMK, a leading global manufacturer and supplier of steel pipes for the oil and gas industry, has started shipments of pipes to be used in construction of deep water pipelines at the Filanovsky oil and gas condensate deposit in the North Caspian Sea under development by Lukoil. The ...
  • 2012-10-17 12:52:16
    Rolled product output in Russia for 9 months has increased by 6% to 47 mln tons
    Federal State Statistics Service reports that according to the results of the period from January to September 2012 Russian enterprises produced 46,9 million tones of finished steel products, an increase of 6% as compared to the same period in 2011. Production of steel has increased by ...
  • 2012-10-17 12:50:12
    Baikal Mining Company signed a cooperation agreement with the Federal Centre for Project Finance and the Government of the Zabaikal Region
    Baikal Mining Company (part of METALLOINVEST), the Government of the Zabaikal Region and the Federal Centre for Project Finance (FCPF) have signed a cooperation agreement to develop infrastructure in the Northern Zabaikal area within the framework of the Udokan copper deposit development ...
  • 2012-10-16 17:18:35
    IRC: Ilmenite Production Increase Completed
    IRC Limited is pleased to announce the completion of a technology upgrade at its Kuranakh operation resulting in a 150% increase in ilmenite capacity and the reaffirmation of the Company’s targets for 2012 and beyond. Key Highlights: More than 150% increase in ilmenite ...
  • 2012-10-12 15:09:44
    This year’s Moscow Metal Week is going to be filled with events
    The traditional autumn Moscow Metal Week will begin on November, 12th starting with the 15th International Conference “ The Russian metal and steel market-2012 ”, organized by Metal Supply and Sale Magazine in cooperation with the leading manufacturers and suppliers of metal ...
  • 2012-10-12 14:54:19
    Metal-Expo'2012: 10 contests in the frame of Autumn Russian Metal Week
    The organizing committee of the largest industrial forum Metal-Expo’2012 (Moscow, The All-Russia Exhibition Center, halls #69 and #75) has recently approved the contest program for November 13-16, 2012. The exhibition will hold a number of contests and invites the players in the ...
  • 2012-10-12 14:31:36
    Russian Steel’s position on increase of import customs duties on metal equipment
    Since Russia became a WTO member a significant number of machine-building companies have shown initiatives for need to adapt and support the industry. Russian Steel Members are sympathetic to these initiatives but have to state that a lot of machine-builders’ propositions, ...
  • 2012-10-12 14:24:57
    OMK Casting and Rolling Complex has confirmed the compliance with international standard ISO 9001
    The Casting and Rolling Complex (CRC, branch of OMK Steel, city of Vyksa, Nizhny Novgorod region, part of the United Metallurgical Company, UMC) has confirmed the compliance of its quality management system certificate with the requirements of international standard ISO ...
  • 2012-10-09 15:55:34
    KOKS Group updates development of Lutuginsky Seam at its Vladimirskaya Mine
    KOKS Group, the world’s largest exporter of merchant pig iron and a leading producer of merchant coke in Russia, announces that its subsidiary Koks-Mining continues development of Lutuginsky seam of its Vladimirskaya mine. The first portion of coal of this seam is expected to be ...
  • 2012-10-09 15:47:57
    Severstal Resources holds competition for mining students
    Severstal Resources, the mining division within Severstal, one of the world’s leading steel and steel-related companies, has held a competition open to students at mining colleges in Russia in order to recruit young professionals. Anna Butova, manager, HR Department, commented: ...
  • 2012-10-08 10:04:00
    OMZ-Izhora’s Research Center simulates casting of a 500-ton supersized ingot
    OMZ Izhora’s Research Center held its Science and Engineering Board meeting dedicated to the results of the research work named “Calculations of crystallization of 500-ton ingots, casted from two types of steel: 26HNZM2FA and 45HZMF using computer modeling”, which became ...
  • 2012-10-05 10:07:00
    TMK IPSCO hosts open house at Houston R&D Center
    TMK IPSCO, the North American division of global pipe manufacturer TMK, hosted an open house on October 1 at its new Research & Development Center located at 10120 Houston Oaks Drive in Houston, Texas. During the event, visitors toured several areas of the facility, including the ...
  • 2012-10-05 07:21:40
    VSMPO-Avisma signed Memorandum of Cooperation
    VSMPO-AVISMA Corporation was visited by the Indian delegation of the representatives of the Indo Russian Science and Technology Centre (IRSTC), the Indian Government’s Department of Science & Technology, a public sector enterprise Mishra Dhatu Nigam Limited (MIDHANI) specializing ...
  • 2012-10-04 10:01:00
    EVRAZ announces purchase of two sims metal management assets
    EVRAZ plc announces the purchase of two recycling assets from Sims Metal Management. Located in Denver and Colorado Springs, Colo., the scrap yards will become part of EVRAZ Recycling, a division of EVRAZ North America. The purchase price is not disclosed. “This acquisition will ...
  • 2012-10-04 10:01:00
    RUSAL announces Board changes
    RUSAL, the world’s largest aluminium producer, announces changes in the composition of its Board of Directors. Mr Barry Cheung resigns as Chairman of the Company with effect from 1 October 2012, but will remain as an independent non-executive director of the Company. The Board is ...
  • 2012-10-03 17:26:54
    The program of "Russian metal and steel market - 2012" Conference
    Russian metals market is an example of a stable and positive development compared to stagnating other foreign markets. Almost all segments have restored pre-crisis levels of production and consumption/ А major investment policy is being conducted, new production facilities are being launched ...
  • 2012-10-03 10:07:00
    Severstal and NOVATEK concluded gas supply contracts
    Severstal, announced today the conclusion of new mid-term natural gas supply contracts with NOVATEK for several Severstal Russian Steel division enterprises. The natural gas supply contracts have been signed for a period of five years effective 1 January 2013, with the total volume of ...
  • 2012-10-03 10:05:00
    KOKS Group announces confirmation of its credit rating by S&P at the level ‘B’, outlook ‘Stable’
    International rating agency Standard and Poor’s confirmed a ’B’ corporate credit rating for KOKS Group, with outlook ‘Stable’. The agency noted that KOKS Group’s advantages include vertical integration into coal and iron ore, which it seeks to raise ...
  • 2012-10-02 10:02:00
    METALLOINVEST announces financial results for the first half of 2012
    METALLOINVEST, a leading global iron ore and HBI producer based in Russia, today announces its audited IFRS financial results for six months ended June 30, 2012. Financial Highlights - Consolidated revenue US$ 4,458 million (-7.6% h-o-h[1]) - EBITDA US$ 1,642 million (-13.1%) ...
  • 2012-10-02 10:01:00
    Norilsk Nickel commemorates the first anniversary of its tanker sea-going
    MMC Norilsk Nickel (hereinafter, “MMC Norilsk Nickel” or “the Company”) announces that today, the Company commemorates the first anniversary of Yenisey ARC7 ice-class tanker’s sea-going. Sailing under Russian flag, Yenisey tanker takes freights on the ...
  • 2012-10-01 15:52:21
    Metal-Expo’2012 exhibitor list has been pasted on the website
    The exhibitor list and the detailed business program of Metal-Expo’2102, 18th International Industrial Exhibition have been pasted on http://www.metal-expo.ru/en/listpart/ Before visiting the event professional in the steel and steel-related industries can study exhibitor list ...
  • 2012-10-01 10:10:57
    Severstal Dearborn presented new environmental technologies to the local ecologists
    Severstal North America, a Dearborn, Michigan-based steelmaker, hosted a tour of local environmental organizations highlighting its latest progress in pollution prevention, air, water and energy control, and recycling. The tour consisted of a driving visit of the entire plant and a ...
  • 2012-09-28 10:07:46
    Norilsk Nickel Board of directors approves reduction of 2012 investment expenditures
    Norilsk Nickel (Norilsk Nickel or the Company) announces of today’s approval of the 2012 investment expenditures reduction granted by the Company’s Board of Directors, as proposed by the management. The scope of investment reduction steps will bring down the budgeted 2012 ...
  • 2012-09-28 10:05:51
    TMK commissions new production lines at TMK-INOX
    TMK-INOX, a subsidiary of TMK, has commissioned a shop manufacturing stainless steel and alloy-based welded precision pipes. Two welding lines produced by Italy’s OLIMPIA 80 Srl, a leading manufacturer of pipe welding equipment, were installed at the plant. At the next stage of ...
  • 2012-09-27 10:48:18
    Results of NLMK Board of Directors meeting
    NLMK, the leading global steelmaking company, today announced that its Board of Directors (“the Board”) has considered the proposal to nominate Mr. Oleg Bagrin, Executive Vice President and a member of NLMK Group’s Board of Directors, as candidate to the position of NLMK ...
  • 2012-09-27 10:06:00
    Mechel reports decisions made by Board of Directors
    Mechel Board of Directors held a meeting on September 21, 2012, with the agenda including, among other issues, the measures on restructuring the Group’s assets in order to improve the company’s financial performance and increase its shareholder value, in view of the revised ...
  • 2012-09-26 11:04:00
    OMK casting and rolling complex confirms its quality management system’s compliance with EU requirements
    The Casting and Rolling Complex (CRC, Vyksynsky district, Nizhny Novgorod region, belongs to the United Metallurgical Company, CJSC OMK) has confirmed the compliance of its quality management system and rolled metal products with the requirements of European Union Directives 97/23/EU, ...
  • 2012-09-26 10:18:00
    Interim dividend for six months ended 30 June 2012 - determination of currency amounts
    According to the announcement of EVRAZ plc interim financial results for H1 2012 on 30 August 2012, the Company declared an interim dividend of US$0.11 per share. The dividend will be paid on 5 October 2012 to ordinary shareholders who were on the register on 7 September 2012. The interim ...
  • 2012-09-25 10:34:53
    Preliminary results of MMC Norilsk Nickel under IFRS for 1H 2012
    Norilsk Nickel, the world’s largest nickel and palladium producer, announces that estimated net profit of the Group under IFRS for 1st half of 2012 shall amount to more than USD 1.4 billion in accordance with the preliminary financial results. As per preliminary estimates, in the ...
  • 2012-09-25 10:26:00
    TMK Announces Resolutions of the Board of Directors
    TMK, one of the world’s leading oil and gas steel pipe producers, today announces that OAO TMK Board of Directors has decided to convene an Extraordinary General Meeting of Shareholders (EGM) in the form of an absentee voting on November 2, 2012. The record date for the list of ...
  • 2012-09-25 10:12:00
    Metal-Expo Exposition and Program of Events to Complete
    The next Metal-Expo event will be held on November 13 – 16, at the All-Russia Exhibition Center Fairgrounds, Moscow. This year ferrous and non-ferrous producers with the total capacities exceeding 200Mt of rolled products, tubes, steel products and structures will present their ...
  • 2012-09-24 10:01:00
    RUSAL delivered medical cargo to combat cholera outbreak in Sierra Leone
    RUSAL, the world’s largest aluminium producer announces the successful completion of a humanitarian mission to deliver medical cargo to combat and prevent cholera for hospitals in Sierra Leone, Western Africa. More than 25 tonnes of cargo was passed onto the health facilities of the ...
  • 2012-09-24 10:01:00
    Mechel reports resumption of coal mining at New-Olzherassk Underground Mine
    Mechel, one of the leading Russian mining and metals companies, announces that coal mining at Southern Kuzbass Coal Company OAO’s New-Olzherassk Underground has been resumed. Industrial reserves of coal at the mine’s long wall face 21-1-7 are 350,000 tonnes, with the mining ...
  • 2012-09-21 10:01:00
    Norilsk Nickel will increase the capacities of Zapolyarny mine
    Norilsk Nickel announces that design works aimed at increasing disseminated ore output at Zapolyarny Mine have been completed. On September 14, 2012 a complete set of documentation and engineering research results were submitted to the Federal Autonomous Institution State Expert Appraisal ...
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