Metallurgy news

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  • 2011-10-14 10:10:25
    ChelPipe Announces Operational Results and Reviewed IFRS Results for 1H 2011
    Joint Stock Company Chelyabinsk Pipe-Rolling Plant (“ChelPipe”), a leading Russian producer of welded and seamless steel pipes and tubes, and supplier of integrated solutions for the Russian oil & gas industry as well as a variety of other industries in Russia, announced its ...
  • 2011-10-14 09:58:21
    Evraz Announces Audited Financial Results for 1H 2011
    EVRAZ Group S.A. announced its audited interim results for the six months until 30 June 2011. 1H 2011 Highlights: Financial: - Consolidated revenue US$8,380 million (+31% vs. 1H 2010) - Consolidated adjusted EBITDA US$1,629 million (+41%) - Net profit of US$263 million ...
  • 2011-10-14 09:11:03
    Severstal will Supply Rolled Metal for Front Parts Kia Rio model
    Severstal, JSC began to supply rolled metal for making a front roof panel for the new Kia Rio model. Previously, such agreement was reached for another car - Hyundai Solaris (sedan and hatchback). “Our experience in quality and timely deliveries has been approved by the ...
  • 2011-10-13 10:08:00
    Ford Motor Company Inspects Production at MMK
    Specialists from the Ford Motor Company conducted an independent audit at Magnitogorsk Iron & Steel Works to evaluate the process of rolled products manufacturing The audit involved almost every division of the plant. The Ford Motor Company specialists visited the oxygen converter, ...
  • 2011-10-13 10:01:00
    Alexei Mordashov is elected as a Vice-Chairman of the World Steel Association
    The Board of Directors of the World Steel Association has elected Severstal’s CEO, Alexei Mordashov, as one of its two Vice Chairmen. Worldsteel is a non-profit organization with headquarters in Brussels, Belgium, acting as the focal point for the steel industry. Alexei Mordashov is ...
  • 2011-10-13 10:00:00
    Jim O’Neill is going to provide insight into the future of BRICS at UC RUSAL President’s Forum.
    UC RUSAL, the world’s largest aluminum producer, and the Hong Kong University of Science and Technology are honored to invite Dr Jim O’Neill, Chairman of Goldman Sachs Asset Management – the renowned economist who coined the prominent BRIC concept – to conduct his very ...
  • 2011-10-12 12:00:00
    For 5 days in November on Moscow Metal Week: 650 companies, 30 conferences and round tables and 30 thousand visitors
    On November 14th, the Annual Moscow Metal Week starts with the conference “The Russian Metal Market”. This year, from 15th till 18th of November three international industrial exhibitions will be jointly held: “ Metal-Expo’ 2011 ”, ...
  • 2011-10-12 11:21:04
    MMC Norilsk Nickel container ship arrives to China
    MMC Norilsk Nickel, JSC, informs that Zapolyarny enhanced ice class diesel-electric ship, owned by the Company has arrived to its destination point – Shanghai port. On September 14 Zapolyarny container ship left Murmansk port for regular voyage along the Eastern part of Northern Sea ...
  • 2011-10-12 11:10:38
    Mechel Reported the 1H 2011 Financial Results
    Mechel, JSC is a leading Russian mining and steel group, announced financial results for the 1H 2011. - Revenue amounted to $6.4 billion - Consolidated adjusted EBITDA amounted to $1.2 billion - Net income attributable to shareholders of Mechel, JSC amounted to $501 million ...
  • 2011-10-12 10:39:29
    NLMK launches new converter
    NLMK’s new 300 tons converter was put into operation at the Company’s main production site in Lipetsk. Alongside other Technical Upgrade activities, the launch of the new converter will allow for a 36% increase in steelmaking capacity at the Lipetsk site, up to 12.4 mtpa. NLMK has ...
  • 2011-10-12 10:00:00
    New Crane Runway in the Hardening Plant at Noћi Ravne
    The New Crane Runway in the Hardening Plant at Noћi Ravne. The production plant of Noћi Ravne, Slovenian Steel Group (SIJ – Slovenska industrija jekla) was built in 1973. Since then the hardening plant has been facing problems due to the wearing out of the rails on the crane runway. ...
  • 2011-10-11 10:36:35
    Within eight months, Svyatogor has increased ore processing
    Svyatogor Plant (part of UMMC), from January to August of 2011 processed 1.689 million tons of ore (105.7% compared to the corresponding period, 2010). In the course of the reporting period the company increased the extraction of ore at the Tarnersky and the Shemursky deposits by 0.7% and ...
  • 2011-10-11 10:02:05
    MMK Announced New Appointments at Interkos-IV
    Interkos-IV, part of the MMK Group, announced the appointment of Roman Gan as the company chief executive. Mr. Gan was previously an executive at the auto parts manufacturer Benteler Automotive and at the Sollers Naberezhnye Chelny car manufacturing plant. Timur Shoshtaev, the former ...
  • 2011-10-11 09:49:22
    Mechel Won Award for Elga Coal Complex Project
    Mechel, JSC one of the leading Russian mining and metals companies, won the 5th annual award of Minex-2011 forum in the nomination “For Successful Development of a Mining Industry Project”. The award was granted based on the results of online open voting and the opinions of ...
  • 2011-10-10 10:00:22
    MMC Norilsk Nickel launches an up to US $1.5 billion syndicated facility
    MMC Norilsk Nickel, JSC announced the launch of a new up to US $1.5 billion syndicated 5-year Pre-Export Finance Facility. The Facility will be used to finance general corporate purposes. The senior stage of syndication of the Facility is coordinated by Citi and Societe Generale (the ...
  • 2011-10-10 09:56:23
    EVRAZ Appoints New Vice President, Vanadium Assets
    EVRAZ Group S.A, announces the appointment of Grigory Botvinovsky as Vice President, Vanadium Assets, following the retirement of Daniel Harris. Reporting to Pavel Tatyanin, Senior Vice President, Head of International Business, Grigory Botvinovsky will be responsible for vanadium ...
  • 2011-10-07 10:01:00
    RUSAL completes debt refinancing
    RUSAL, the world’s largest aluminum producer announced the refinancing of its debt portfolio totaling USD 11.4 billion. During the refinancing process, the Company has taken out its outstanding debt under the international facilities governed by the International Override Agreement ...
  • 2011-10-07 10:00:00
    EVRAZ Statement Regarding Equity Stake in Raspadskaya
    Further to its statement of 11 March 2011, EVRAZ Group S.A. announces that due to high market volatility EVRAZ has discontinued ongoing negotiations on the potential sale of its 40% indirect equity stake in the Russian Coal producer Raspadskaya, JSC. “Raspadskaya is a good quality ...
  • 2011-10-06 10:11:23
    TMK Runs Pipe with Premium Connections at Gazprom Neft's South Priobskoye Field
    TMK, one of the world’s leading oil and gas steel pipe producers, has run the string consisting of 276 casing pipes with TMK FMC premium connections in a well at Gazprom Neft's South Priobskoye field. The South Priobskoye field is one of Gazprom Neft's largest and most promising. ...
  • 2011-10-06 10:04:36
    NLMK to Acquire an Electrical Steel Service Center in India
    NLMK, one of the world’s leading steel companies, today announced the acquisition of the National Laminations group, an electrical steel service center in India, for a total consideration of US $8 million. This acquisition will enhance NLMK’s position in the Indian market as one ...
  • 2011-10-05 15:37:44
    Metalloinvest announces its financial results for the first half of 2011
    Metalloinvest, a leading global iron ore and HBI producer based in Russia, announces its financial results for H1 2011. KEY FINANCIAL HIGHLIGHTS - Revenue increased by 31% h-o-h to USD 5,132 million - Operating profit amounted to USD 1,487 million, implying an increase of 34% ...
  • 2011-10-05 10:00:00
    NLMK approved a decision to issue bonds
    NLMK, a leading Russian steel company, announced that its Board of Directors has approved the decision to launch the ruble corporate bond program series 07-11 with a maturity of 10 years. The total value of the program is RUR 50 billion. The Board has also approved the decision to issue the ...
  • 2011-10-04 17:48:09
    Kolskaya Mining and Metallurgical Company modernized electric furnace plant
    The automated system of adjustment of draft of departing gases from the smelting furnaces is placed into operation in electric furnace plant of refining plant, Kolskaya Mining and Metallurgical Company (part of Norilsk Nickel). In total, the electric furnace plant consists of three ...
  • 2011-10-04 10:35:22
    Severstal announces result of Extraordinary General Meeting (EGM)
    OAO Severstal, one of the world’s leading vertically integrated steel and mining companies, announces the results of voting on the resolutions proposed at the EGM held on 30 September 2011. The following resolution was put to Severstal's shareholders at the EGM, and the results of ...
  • 2011-10-04 09:58:49
    Mechel established its representative office in Belarus
    Mechel announced establishing its official representative office in Minsk, the Republic of Belarus. Mechel representative office will provide support to the company’s business interests in Belarus, maintain contact with governmental authorities, arrange meetings with ...
  • 2011-10-03 13:38:15
    Norilsk Nickel has accepted the unique tanker into operation
    OJSC MMC Norilsk Nickel, informed that today in Wismar, Germany the acceptance of the ice-class ARC7 Yenisey tanker took place, whose construction is carried out within the framework of the creation and development of company’s own arctic fleet. Construction of an arctic tanker is ...
  • 2011-10-03 12:13:14
    OMK will put Mill – 5000 into operation in a month
    In late October - early November 2011, the United Metallurgical Company (OMK) will start on Vyksa Steel Works (VSW) site – Metallurgical Complex Mill-5000 (MKS-5000) intended for the production of rolled plate (it will be used to manufacture pipes of large diameter). The Head of the ...
  • 2011-10-03 12:11:16
    Izhora Plants plan to manufacture steel structures for bridge over the Volga River
    Izhora Plants, part of OMZ Group, signed a contract with "ArktikStroyMost", JSC for the manufacture of steel structures for construction of a second, third and fourth start-up complexes of bridge construction across the Volga River in Volgograd. According to the contract, the ...
  • 2011-09-30 10:56:33
    NLMK Announces EGM Results
    NLMK, the LSE-listed leading steel producer, today announces the results of voting on the resolution proposed at the Extraordinary General Meeting (EGM) held on 29 September 2011. Shareholders approved new versions of NLMK’s internal documents, including the Charter and Regulations ...
  • 2011-09-30 10:29:03
    UC RUSAL completes USD9.33 billion debt refinancing
    UC RUSAL, the world’s largest aluminum producer, announces signing of all agreements with its major lenders in relation to the debt refinancing totaling $9.33 billion. In particular, on 23 September 2011, the Company and Sberbank of Russia signed an amendment to the $4.58 billion ...
  • 2011-09-29 14:46:22
    Norilsk Nickel began purchasing its own shares
    Norilsk Nickel, JSC announced that its subsidiary, Norilsk Nickel Investments, LTD. plans to purchase shares of Norilsk Nickel, JSC (including Common Shares and ADSs, individually or together, the “securities” and each a “security”) for $306 (payable in rubles) per ...
  • 2011-09-29 11:58:57
    Severstal, JSC holds 2011 Capital Markets Day
    Severstal, JSC, one of the world’s leading vertically integrated steel and mining companies, announces that it is hosting a presentation to investors and analysts in London to update on its development strategy. Presentations will be given by the senior management team led by Chris ...
  • 2011-09-29 11:56:15
    The most powerful Russian excavator begins operations
    Excavator EKG-32R, manufactured by IZ-KARTEKS (part of OMZ Group), has begun test operation on Krasnoborodsky coal mine, which belongs to Kuzbassrazrezugol, JSC. Excavator EKG-32R with bucket capacity of 32 cubic meters and a working weight of 950 tons is the most powerful crowd power ...
  • 2011-09-27 18:14:09
    Uraltrubprom produced 5000 tons of metal for the Olympic facilities in Sochi
    The steel frame for Small Ice Arena in Sochi (for 7000 seats) is being build, using the metal construction produced by Uraltrubprom. This facility is being built for the 2014 Olympic Games. "We worked on this important order for over a year", - says Elena Malagon, Head of Design ...
  • 2011-09-27 09:58:38
    EVRAZ Statement Regarding Timir Iron Ore Project
    EVRAZ Group S.A., notes media publications regarding the partnership with Russian diamond producer Alrosa, JSC in the development of Timir iron ore project in southern Yakutia. EVRAZ confirms that it considers acquisition of 51% stake in this project and will refrain from further ...
  • 2011-09-27 09:45:00
    Standard & Poor’s confirms 'BBB-' long-term corporate credit rating and ‘ruAA+’ Russia national scale rating on MMC Norilsk Nickel and removed the Credit Watch Negative
    MMC Norilsk Nickel, JSC, announces that today international rating agency Standard & Poor’s (S&P) confirmed the Company’s long-term corporate credit rating at the level of 'BBB-' and Russia national scale rating at the ‘ruAA+’ level. The Agency has removed ...
  • 2011-09-26 17:41:11
    Tatprof completes installation of new painting line
    Tatprof (Naberezhnye Chelny, Tatarstan), announced the completion of construction works on installation of a line for the powder-polymer coating of aluminum profiles. At present, the starting-up and adjustment works of the line are being held: service implementation of chemical solutions, ...
  • 2011-09-26 10:19:28
    TMK Announced Resolutions of the Board of Directors
    TMK, one of the world’s leading oil and gas steel pipe producers, today (September 26th) announces that the “TMK”, JMC Board of Directors has decided to convene an Extraordinary General Meeting of Shareholders (EGM) in the form of an absentee ballot on November 7th 2011. ...
  • 2011-09-26 09:50:44
    Severstal and Rugers Group of Companies Set Up Joint Venture
    Severstal and Rugers Group of Companies Set Up Joint Venture. An agreement to this effect was signed on Friday, September 23d, in Moscow by General Director of Division Severstal Russian Steel Alexander Grubman and President and CEO of the RÜTGERS Group Mr. Henri Steinmetz. ...
  • 2011-09-23 16:25:06
    NLMK requests to discuss the supply of transformer steel from Russia to China
    China wants to close its market for transformer steel from Russia, by raising the import tax to 65%. As a result, Russian manufacturer - NLMK - may lose one of the major sales markets, which accounts for about 10% of this product exports. NLMK addressed Ministry of Economics with the ...
  • 2011-09-23 16:23:15
    VSMPO-Avisma passed auditing by the German engine builders
    According to corporate newspaper “Metallur”, representatives of German companies Prawest and Praturbo inspected the manufacturing process of titanium rods procured from VSMPO-Avisma. After inspection of production capacities and close examination of technological documentation, ...
  • 2011-09-23 10:01:35
    Standard & Poor's Ratings Services raised TMK’s ratings
    Standard & Poor's Ratings Services (S&P) raised long-term corporate credit rating on TMK, one of the world’s leading oil and gas steel pipe producers, to 'B+' from 'B'. At the same time, the Russia national scale rating was raised to 'ruA' from 'ruA-'. The upgrade reflects the ...
  • 2011-09-22 16:41:08
    Investment Fund of Russian Federation Finances 1 billion Rub to Tyumen Plant Project
    The construction project of the Tyumen plant will receive co-financing of 1 billion Rub from the Investment Fund of the Russian Federation. The Russian government is ready to provide state support from the Investment Fund to build infrastructure of the Tyumen Electric-Steel Plant (part of ...
  • 2011-09-22 13:11:53
    NLMK commissions unique continuous casting machine
    The first slabs have been successfully cast at Novolipetsk’s (NLMK’s main production site in Lipetsk) newly revamped 2.5 mtpa continuous casting machine (CCM-8). The objective of the CCM-8 reconstruction project was to increase output, expand the product mix and ensure a ...
  • 2011-09-22 13:09:00
    New gas pipelines to be constructed using Magnitogorsk metal
    On September 21st, visiting meeting of “Gazprom”, JSC with representatives of the leading Russian metallurgical and pipe companies was held in Chelyabinsk. Director General of “MMK”, JSC Boris Dubrovsky attended this meeting. Forum participants discussed ...
  • 2011-09-22 10:09:32
    METALLOINVEST signed a cooperation agreement on building Taman seaport
    Holding “METALLOINVEST”, the Ministry of Transport and Krasnodarsky Krai announced that they have signed a cooperation agreement to build a new port complex in Taman, Russia. The document was signed by CEO of Management Company “METALLOINVEST” Eduard Potapov, Russian ...
  • 2011-09-21 17:28:46
    MMC Norilsk Nickel’s Board of Directors approved of the company to be in charge of shares acquisition
    The meeting of the Board of Directors of MMC Norilsk Nickel in absentia was held on September, 21. By the majority of votes the Board of Directors approved of the acquisition of the Company’s ordinary registered non-documentary shares and/or ADRs by Norilsk Nickel Investments Ltd ...
  • 2011-09-21 12:11:02
    Agglomachine Complete Overhaul
    Agglomachine #3 has been stopped has stopped for capital repairs, for the duration of 75 days at Tulachement, JSC. Uraldomnoremont, JSC (Ekaterniburg) is the maintenance executer. Agglomachine capital repairs, provides one hundred percent replacement of equipment and steel structure of ...
  • 2011-09-21 11:40:30
    EAF equipment delivered to NLMK’s Kaluga Mini Mill
    A complete set of equipment supplied by Austrian VAI SIEMENS for the EAF Shop at NLMK’s Kaluga Mini Mill, which is currently under construction, has arrived at the site. The electric-arc furnace (EAF), ladle furnace (LF) and 8-strand continuous casting machine (CCM) are currently ...
  • 2011-09-21 09:54:43
    Mechel Reports Long-Term Partnership with SAP AG
    Mechel, JSC, one of the leading Russian mining and metals companies, announces the signing of a strategic partnership memorandum with SAP AG, the world’s leading supplier of business management software solutions. As a result of the September 20 meeting between Mechel OAO’s ...