Metallurgy news

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  • 2011-05-12 10:07:17
    Severstal acquires a stake in a Brazilian iron ore exploration company
    Severstal, one of the world’s leading vertically integrated steel and mining companies, announces that it has acquired a 25% stake in the Brazilian company SPG Mineração (SPG). SPG owns highly-prospective iron ore exploration licences in the northern state of Amapa, ...
  • 2011-05-11 14:25:11
    VTB grants a loan to Pervouralsky Novotrubny Works
    VTB Bank has provided a RUB 1 billion facility to Pervouralsky Novotrubny Works (ChelPipe subsidiary) for a term of 90 days. The funds were granted against the guarantee of JSC Chelyabinsk Tube-Rolling Plant (ChelPipe) to finance the company’s current operations. VTB Bank and ...
  • 2011-05-11 10:33:46
    Schneider Electric names NLMK’s Trading Company as preferred supplier
    Novex Trading SA (a trading company within NLMK Group) has been chosen by Schneider Electric as its preferred supplier. Assessment of 2010 results revealed that the Company demonstrated a high level of performance in terms of product quality, logistics, cost saving, technical and process ...
  • 2011-05-11 10:30:35
    Mechel’s Board recommends dividend amount
    On May 10, 2011, Mechel’s Board of Directors recommended to the Annual General Shareholders’ Meeting annual dividend of 8.73 rubles per one ordinary share (approximately $0.32 per ADR*) for the 2010 fiscal year. Also Mechel’s Board recommended annual dividend of 26.21 rubles ...
  • 2011-05-10 11:22:49
    Dutch students visit Koks
    OAO Koks was visited by a group of students from the Delft Technical University in the Netherlands, led by their instructor and academic advisor Marike Kaipers. The multi-national group of students is studying the cultural legacy of the Kuzbass AIC (Autonomous Industrial Colony). This is why ...
  • 2011-05-10 11:17:45
    Izhorskiye Zavody and OMZ-Spetsstal successfully registered by China State Atomic Authority
    Izhorskiye Zavody and OMZ-Spetsstal, a part of OMZ Group, have successfully completed registration with the China State Atomic Authority. The 5-year license grants Izhorskiye Zavody and OMZ-Spetsstal the right to manufacture the primary circuit reactor shell equipment and auxiliary ...
  • 2011-05-06 17:47:59
    Severstal restarted its plant in USA
    Severstal made a statement that its Columbus plant in Mississippi has resumed its steelmaking and rolling operations interrupted due to electrical power blackout as a result of the severe storm. The plant’s operations are currently running at a slightly reduced level due to certain ...
  • 2011-05-04 14:39:22
    В апреле цех "Высота 239" отгрузил 55 тыс.т полосатых труб
    Интервью директора проекта цеха "Высота 239" ЧТПЗ Валентина Тазетдинова порталу Postavim.com. – Металлургическая общественность активно обсуждает появление уникального промышленного объекта – суперсовременного цеха "Высота 239". Кому он обязан своим ...
  • 2011-05-04 14:39:22
    В апреле цех "Высота 239" отгрузил 55 тыс.т полосатых труб
    Интервью директора проекта цеха "Высота 239" ЧТПЗ Валентина Тазетдинова порталу Postavim.com. – Металлургическая общественность активно обсуждает появление уникального промышленного объекта – суперсовременного цеха "Высота 239". Кому он обязан своим ...
  • 2011-05-04 14:33:30
    Rusal and Samsung intend to set up aluminum disks production
    UC Rusal plans to set up aluminum wheel disks production at the Volkhov aluminum plant facilities. This project is developed jointly with Samsung. Rusal already carries out the project on foundry facilites modernization at the Volkhov aluminum plant which will in the future allow to ...
  • 2011-05-04 09:54:29
    Mechel launched e-commerce system
    Mechel, one of the leading Russian mining and steel companies, announced the launch of B2B-Mechel, an electronic trading system The system’s launch is part of a joint project between Mechel and e-commerce operator B2B-Center to automate the process of competitive purchases of ...
  • 2011-05-03 14:50:19
    Intergeo plans to build a non-ferrous smelter in Krasnoyarsk region
    Intergeo Company, a subsidary of Onexim Group intends to build metal smelter in the  Krasnoyarsk region. The raw materials will be supplied from the Kingashs copper-nickel deposit located in the Krasnoyarsk region as well. According to Grigory Potapov, Director General of Intergeo, ...
  • 2011-05-03 11:12:37
    ChelPipe increased steel pipes sales by 45%
    Chelyabinsk Tube-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, is pleased to announce its ...
  • 2011-05-03 10:23:48
    Interruption of operations at Severstal Columbus
    OAO Severstal makes a statement that as a result of the severe storm, electrical power was interrupted at our Columbus plant in Mississippi. Back-up power permitted orderly shut-down of operations. All employees are safe. There was no storm damage to the building or equipment. Recently ...
  • 2011-04-29 16:52:51
    Novosibirsk Steel Works named after Kuzmin increased output 2.4 times in 2010
    Reportedly, Novosibirsk Steel Works named after Kuzmin increased output 2.4 times to 166.1kt including tubular products 2.3 times up to 141.79k tons in 2010 y-o-y. The Works output in 2010 reached the pre-crisis level. In addition to that the Works mastered 70 new size-types of tubes and ...
  • 2011-04-29 16:45:15
    Severstal reports Q1 2011 operational results
    PRODUCTION OF HOT METAL AND CRUDE STEEL Total output* Q1 2011 Q4 2010 Change, % Q1 2011 Q1 2010 Change, % Hot metal: total output 2 635 046 2 756 564 -4% ...
  • 2011-04-29 13:52:43
    Chelyabinsk Zinc Plant Announces 2010 Audited IFRS Results
    Chelyabinsk Zinc Plant, Russia's largest producer of zinc and zinc alloys, is pleased to announce its audited IFRS financial results for the year ended December 31, 2010. 2010 HIGHLIGHTS •      Chelyabinsk Zinc Plant's (CZP) revenue for 2010 ...
  • 2011-04-28 14:04:18
    New mini mill to be built in Novgorod region
    Cement Company plans to build a mini mill in Novgorod region. According to Andrey Blinckov,  the Company's Director General, investments in this project will reach 5 billion roubles. 70% of investments will be covered by bank credits, the rest by shareholders. The project should pass ...
  • 2011-04-28 10:52:45
    Ekaterina Nikitina appointed director of human resources of UC RUSAL
    RUSAL the world's largest aluminium producer, announces the appointment of Ekaterina Nikitina Director of Human Resources to RUSAL. Ekaterina Nikitina has solid experience in HR management. Since 2009, she was heading the HR department at Basic Element, Russia’s leading diversified ...
  • 2011-04-28 10:42:19
    Metalloinvest and Kursk Region Signed a Social Partnership Agreement
    The Administration of the Kursk Region, Zheleznogorsk Town Administration and Metalloinvest Holding (Metalloinvest) signed a social partnership agreement. The agreement was signed by Kursk Governor Alexander Mikhailov, Mayor of Zheleznogorsk Viktor Solntsev and CEO of Metalloinvest ...
  • 2011-04-27 10:24:44
    Chelyabinsk Zinc Plant Reports 3% production increase in Q1 2011
    January through March 2011, Chelyabinsk Zinc Plant (CZP) produced 39,576 tonnes of salable SHG zinc and zinc based alloys, an increase of 3% as compared to the same period of 2010 (38,570 tonnes). 53.6% of metal was supplied to the domestic market. CZP’s affiliated company, Nova Zinc ...
  • 2011-04-27 10:19:25
    NLMK Group’s VIZ-Stal signs contract for transformer (grain-oriented) steel production equipment
    VIZ-Stal has signed a contract for LOI (Germany) to supply and supervise the assembly of equipment for the revamping of its Electric Insulation Coating Line (EICL-8). The upgrade of the Strip Finishing Line is a major step towards setting up a process flow for mastering the production of a ...
  • 2011-04-26 13:46:02
    ChelPipe and MMK join forces to create railcar fleet
    OJSC ChelPipe and OJSC Magnitogorsk Iron and Steel Works (MMK) are creating their joint rolling stock to ensure timely deliveries of steel plate from MMK’s Mill 5000 to ChelPipe’s Vysota 239 production unit. Implementation of this project has become part of strategic cooperation ...
  • 2011-04-26 10:21:16
    OMK completes its pipe deliveries for phase 2 of Nord Stream Gas Pipeline
    As scheduled, April 23, 2011, Vyksa Steel Works (VSW, Nizhni Novgorod Region), part of United Metallurgical Company (OMK), completed its deliveries of large-diameter pipes (LDP) for the construction of Phase 2 of the international gas pipeline Nord Stream. From May 2010 to April 2011, ...
  • 2011-04-26 10:19:18
    Izhorskiye Zavody sign contract with Mostostroitelniy Otryad #19 on production of metal structures for the Western Speedway
    OAO Izhorskiye Zavody, a part of OMZ Group, have signed a contract with OAO Mostostroitelniy Otryad #19 on the delivery of metal structures to be used for the construction of an overpass at Primorskiy avenue (main section) for the Western Speedway. Mostostroitelniy Otryad #19 is the main ...
  • 2011-04-26 00:19:15
    UC Rusal makes debt repayments totalling $529 million 
    UC Rusal announces making further debt repayments in the total amount of approximately $529 million to its international and Russian lenders under the International Override Agreement (IOA).  The debt repayment in the amount of approximately $517 million was made on 20 April 2011 ...
  • 2011-04-25 10:21:46
    EVRAZ priced US$850M of Eurobonds due 2018
    Further to its announcements on 5 April 2011 and 19 April 2011 relating to its tender offer for certain of its outstanding notes, EVRAZ Group S.A. (LSE: EVR), a public limited liability company (société anonyme) incorporated under the laws of the Grand Duchy of Luxembourg with ...
  • 2011-04-25 10:18:49
    NLMK adds new deposit to its upstream development pipeline
    NLMK has won the right to explore and develop the Zhernovki Gluboki plot of the Zhernovskoye coal deposit located in the Kemerovo region, Siberia, located just below the Zhernovskoe-1 deposit already owned by NLMK. The license fee is RUR420 million. The 13.5 sq km plot has 73 million ...
  • 2011-04-22 10:28:33
    Olcon obtains license for exploration and mining of Anomalny deposit in Murmansk Region
    The Olenegorsk Mining and Concentration Works (“OAO Olcon”), part of the mining division of OAO Severstal, one of the world’s leading steel and mining companies, has obtained the right to use subsoil for the exploration and mining of iron ores in the Anomalny deposit in the ...
  • 2011-04-22 10:23:08
    MMK Group operational trading update for Q1 2011
    MMK Group operational highlights Production, th. tonnes Production Q1`11 Q4`10 % Q1`11 Q1`10 ...
  • 2011-04-22 09:17:15
    Norilsk Nickel is interested in quickest possible development of Voronezh region deposits
    JSC MMC Norilsk Nickel (hereinafter – MMC Norilsk Nickel or the Company) is interested in quickest possible development of copper-nickel deposits located in Voronezh Region. Prospective Voronezh Region nickel areas are a part of state unallocated subsoil reserve fund. OJSC MMC ...
  • 2011-04-21 10:21:35
    NLMK acquires full control over rolling assets of its joint venture with Duferco
    NLMK, one of the world’s leading steel companies, has signed definitive agreements to purchase a 50% interest in Steel Invest and Finance (“SIF”) from Duferco Group (“Duferco”) for an all cash consideration of c.$600m, payable in four equal annual installments. ...
  • 2011-04-21 00:01:09
    Secretary General of European Aluminium Association will come to Moscow
    Now the program of Aluminium: Alloys, Profiles and Rolled Products, 3d International conference is completed. Its participants will be heads and professionals of aluminium smelters and companies manufacturing various types of aluminium products, metal and steel traders, industrial and ...
  • 2011-04-20 10:50:22
    TMK announces 2011 1Q production results and trading update
    The following contains forward looking statements concerning future events. These statements are based on current information and assumptions of TMK management concerning known and unknown risks and uncertainties. OAO TMK (“TMK” or “the Company”), one of the ...
  • 2011-04-20 10:39:44
    Mechel announces pricing of offering of preferred shares by certain selling shareholders
    Mechel, one of the leading Russian mining and steel companies, announces the pricing of a public offering (the "Offering") by certain selling shareholders of preferred shares of Mechel OAO. The preferred shares are being offered by James C. Justice II, James C. Justice III, ...
  • 2011-04-19 10:16:18
    TMK ships pipes with ULTRA SF Premium Connections to Gazprom Neft
    TMK, one of the world’s leading oil and gas steel pipe producers, has completed a shipment of casing with ULTRA SF premium connections to Gazprom Neft for the Urmanskoye field. The shipment contained grade P110 casing with ULTRA SF connections (OD 127mm, wall thickness 9.19mm) that ...
  • 2011-04-19 10:13:42
    Fitch upgrades Evraz Group to ‘BB-’
    Evraz Group welcomes the upgrade by Fitch Ratings of EVRAZ’s Long-term foreign currency Issuer default Rating (IDR) from ‘B+’ (Stable) to ‘BB-’ (Stable). Fitch has also upgraded Evraz’s senior unsecured rating of ‘BB- from ‘B+’ and ...
  • 2011-04-18 10:34:38
    BNP PARIBAS and DEUTSCHE BANK close five and seven year syndications for Lebedinskiy GOK and OEMK, Holding Company METALLOINVEST USD3,100,000,000
    BNP Paribas and Deutsche Bank have successfully closed the syndication of five year and seven year loans for JSC Lebedinskiy GOK, JSC OEMK and JSC Holding Company Metalloinvest (together “Metalloinvest” or the “Group”), one of the world’s leading iron ore ...
  • 2011-04-18 10:27:17
    Slovenian Steel Group has held general assembly
    At the registered office of the company SIJ (Slovenian Steel Group) the 21st General Assembly took place on April 5th. At the 21st General Assembly the following members of the Supervisory Board have been elected for a four years' term of office starting from 11 April 2011: Andrey Zubitskiy, ...
  • 2011-04-15 10:21:26
    EVRAZ receives awards for best financial disclosure and best progress in Europe
    Evraz Group is pleased to announce that it has been named the best European company in the Best Financial Disclosure category in the 2011 IR Global Rankings (IRGR) survey. During the award ceremony in London held earlier today, Evraz has received also an award for the Best Progress in ...
  • 2011-04-15 10:18:49
    MMK boosts shipments to Russian automakers
    Magnitogorsk Iron and Steel Works (MMK) almost doubled its shipments to domestic car making sector in 2010 compared to 2009 In 2010, MMK delivered 406,000 mt of steel products to Russian car makers - almost twice as much compared to 209,000 mt in 2009. Local automotive sector accounted ...
  • 2011-04-14 10:52:25
    Tulachermet obtained expert opinion on verification of Emission Reduction Units
    Tulachermet has obtained an expert opinion on the verification of Emission Reduction Units as part of a project entitled “Measures to Boost Energy Efficiency By Modernizing Cast Iron Production”. The document was issued by specialists from “Bureau Veritas ...
  • 2011-04-14 10:51:27
    Novolipetsk wins All-Russian environmental competition
    Novolipetsk has once again become one of Russia’s Top 100 – Ecology and Environmental Management. The title of honor was awarded to the Company for its environmental activity in 2010. The awards ceremony took place in Saint-Petersburg at the 5th Annual All-Russian Conference ...
  • 2011-04-14 01:24:59
    Rusal appointed new chief legal officer
    UC Rusal announced the appointment of Igor Makarov Chief Legal Officer to Rusal. Igor Makarov has nearly 20 years of experience in legal action. During the last 7 years, he was a lawyer and partner in the Moscow branch of the international law firm Jones Day with operations in 16 ...
  • 2011-04-13 10:51:27
    Strikeforce Mining & Resources announces results for 2010
    The Russia’s largest Ferromolybdenum producer Strikeforce Mining & Resources (SMR) announces its financial and operational results for 2010. Maintenance at the beneficiation factory of the SMR’s Zhireken Ferromolybdenum Plant reduced the total output of the SMR’s ...
  • 2011-04-13 10:23:46
    Krontif-Center has received certificate of international quality management system
    ZAO Krontif-Center has received a certificate of the international quality management system ISO 9001:2008 in the area of planning, production and sale of iron and steel castings. It may be recalled that late last year the company underwent a certification audit by TUF Rheinland Group, which ...
  • 2011-04-13 10:18:14
    Mechel announces offering of preferred shares by certain selling shareholders
    Mechel, one of the leading Russian mining and metals companies, announces the launch of a public offering (the “Offering”) by certain selling shareholders of the preferred shares of Mechel OAO. The preferred shares are being offered by James C. Justice II, James C. Justice ...
  • 2011-04-12 10:27:43
    Intercos-IV began working on 1st phase of 2nd stage of MMK-Intercos service center and stamped components plant in St. Petersburg
    According to the plan, commissioning of the 2nd stage of the service center and stamped components plant will be done on the phase-by-phase basis. To date, design and engineering work is accomplished, pressing equipment ordered and paid for. As part of the 1st phase, construction is ...
  • 2011-04-12 10:25:27
    Mechel reports the 2010 financial results
    Revenue amounted to $9.7 billion Consolidated adjusted EBITDA amounted to $2.0 billion Net income attributable to shareholders of Mechel OAO amounted to $657 million Moscow, Russia – April 11, 2011 – Mechel OAO (NYSE: MTL), a leading Russian mining and steel ...
  • 2011-04-11 10:21:56
    NLMK to divest 100% holdings in LLC Independent Transportation Company to a subsidiary of Universal Cargo Logistics Holding B.V.
    On 08 April 2011, the NLMK Board of Directors made the decision to sell NLMK’s 100% holding in Independent Transportation Company LLC (NTK) to UCL Rail B.V., a subsidiary of Universal Cargo Logistics Holding B.V. (UCL Holding). The cash consideration in the transaction is $325 million ...