Metallurgy news

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  • 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 ...
  • 2011-09-20 14:44:25
    Public debates
    KMA Ruda, JSC, Industrial Complex (city of Gubkin, the Belgorod region) has held public discussion on the impact of the increased capacity of the enterprise. Representatives of: PiterGORProekt, LLC; KMA Ruda, JSC; structural divisions of administration of the city of Gubkin district and ...
  • 2011-09-20 14:34:37
    Casting-Rolling Complex OMC summed up production results for the last 8 months 2011
    Casting-Rolling Complex (located in the Vyksa district, the Nizhniy Novgorod region, part of OMC, JSC) increased manufacture of hot-rolled coils during January-August 2011by 17% up to 721k tons as compared to the corresponding period 2010. Also, from the beginning of current year, it has ...
  • 2011-09-20 10:41:04
    Norilsk Nickel does not plan to issue bonds in case market downward dynamics persists
    Norilsk Nickel does not plan to issue convertible bonds in case market poor conditions and downward dynamics persist. Dmitry Kostoev, Deputy General Director and Head of Economics and Finance Unit of the Company, said that the Company has enough options to attract the financial means ...
  • 2011-09-19 10:15:53
    EVRAZ Highveld certified a level 5 BEE Company
    EVRAZ Highveld Steel and Vanadium Limited (EVRAZ Highveld) (part of EVRAZ Group), has been awarded a Level 5 Broad-Based Black Economic Empowerment (B-BBEE) contributor rating by South African National Accreditation System (SANAS) accredited agency BLogic. This follows an intense focus on ...
  • 2011-09-19 10:01:00
    RUSAL to increase its stake in Jamaica’s Alpart up to 100%
    UC RUSAL, the world’s largest aluminium producer, is pleased to announce that it has entered into an agreement to acquire a 35% stake in the Alumina Partners of Jamaica, (“Alpart”) from Norway’s Norsk Hydro ASA. Following completion of the USD46 million deal, Alpart ...
  • 2011-09-16 10:28:40
    OAO Koks laboratory accredited
    The Central Plant Laboratory at OAO Koks has successfully undergone accreditation. The procedure was conducted by the Federal Agency for Technical Regulation and Metrology (Moscow) The completed accreditation process demonstrates that the level of the equipment and the technical competency of ...
  • 2011-09-16 10:21:53
    Annual plan for biological reclamation is being completed at Uchastok Koksovy
    Specialists at OOO Uchastok Koksovy are completing an annual plan for biological reclamation. It may be recalled that OOO Uchastok Koksovy is working on a project developed in 2004 by ZAO Gipro-Ugol» (Novosibirsk). By 2020 the company is to reclaim almost 260 hectares of land in all. At ...
  • 2011-09-15 16:38:43
    MMK completes purchase of 50% minus one shares of MMK-ATAKAS
    MMK announces the completion of its acquisition of 50 percent minus one share of MMK-Atakas from the Atakas Family. The total price of the deal is USD 485 million. As a result, MMK has consolidated a 100% stake in the Company. Following the closure of the deal the Company was renamed to ...
  • 2011-09-15 10:20:59
    Metalloinvest announces operational results for the first half of 2011
    METALLOINVEST (“the Holding”), a leading global iron ore and HBI producer based in Russia, today announced its operational results for H1 2011. In the first half of 2011, METALLOINVEST increased iron ore production by 7% half-year on half-year to 20.2 million tonnes due to ...
  • 2011-09-14 15:42:58
    NLMK prepares launch of new BOF
    NLMK announces the start up of a new 300 mtpa BOF at Novolipetsk (its main production site in Lipetsk). Together with other projects under NLMK’s Technical Upgrade Program, the new facility will boost Novolipetsk steelmaking capacity 36% to 12.4 mtpa. The project, which is being ...
  • 2011-09-14 00:49:40
    Norilsk Nickel Board of directors approves terms of shares acquisition
    The meeting in absentia of the Board of Directors of OJSC MMC Norilsk Nickel took place this day. The Company’s Shares Acquisition terms were approved by the majority of votes. The offer envisages the acquisition of 14 705 882 MMC Norilsk Nickel’s ordinary registered ...
  • 2011-09-13 11:08:39
    Vnesheconombank to finance the development of Udocan copper deposit
    Baikal Mining Company, the Bank for Development and Foreign Economic Affairs (Vnesheconombank) and VEB Engineering Company have entered into a memorandum of intention on September 12, within the framework of the Baikal economic forum in Irkutsk. The document was signed by Vice Chairman of ...
  • 2011-09-13 10:47:24
    Slovenska Industrija Jekla has held 22nd General Assembly of Shareholders
    The General Assembly got acquainted with the annual report of the company SIJ (Slovenska industrija jekla, d. d.) and of the Slovenian Steel Group, including auditors' Unqualified Opinions on all the companies within the Group and on the Group as a whole. In 2010, the Slovenian Steel Group ...
  • 2011-09-13 10:42:42
    EVRAZ showcased advanced solutions for railway industry at Railway Salon
    EVRAZ showcased a wide range of advanced railway products at the III International Railway Salon, Scherbinka (Moscow Region), 7th to10th September. EVRAZ is a world leader in the production of railway-related products, and the only rail producer in Russia. Whilst the Company’s main ...
  • 2011-09-12 10:16:04
    RUSAL and Irkutsk Region Government sign cooperation agreement on construction of housing for Taishet Aluminium Smelter staff
    RUSAL, the world’s largest aluminium producer, and the Irkutsk Region Government today signed a cooperation agreement to build a housing settlement for Taishet Aluminium Smelter staff and their families providing housing for 7,000 people. The project includes the construction of ...
  • 2011-09-12 10:01:00
    TMK ships pipe for offshore pipeline to Gazprom
    TMK, one of the world’s leading oil and gas steel pipe producers, has shipped seamless line pipe to Gazprom to develop the offshore pipeline at the Kirinskoye gas condensate field on the Sakhalin Island shelf. The technical specifications of seamless line pipe for the Kirinskoye ...
  • 2011-09-09 10:20:00
    Norilsk Nickel announces the terms of shares acquisition
    Norilsk Nickel announces that at its Meeting in absentia held on September 13, 2011, the Board of Directors of MMC Norilsk Nickel will consider the offer to purchase the Company’s shares from shareholders. The offer envisages the acquisition of 14 705 882 MMC Norilsk Nickel’s ...
  • 2011-09-09 10:13:43
    Long-term iron ore supply agreement signed by Metalloinvest and MMK
    As part of the deal, the two companies have agreed on pricing for the raw material based on current market indicators and price dynamics on the global iron ore market. Metalloinvest’s Mikhailovsky Mining and Processing Plant will be supplying iron ore to Magnitogorsk Iron & Steel ...
  • 2011-09-09 10:11:18
    Mechel announces record results at Posiet Port
    Mechel, one of the leading Russian mining and metals companies, announces record coal transshipment results achieved by Trade Port Posiet OAO in August. In August, Trade Port Posiet OAO loaded 26 cargo ships with a total of 509,000 tonnes of coal products, which is the best monthly ...