Metallurgy news

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  • 2010-12-13 10:57:44
    OMK Entities Receive Metal-Expo’2010 Medals
    Two United Metallurgical Company (OMK) entities, Vyksa Steel Works (VSW, Nizhni Novgorod Region) and Trubodetal (Chelyabinsk Region), have received medals awarded by the Metal-Expo’2010, the 16th International Industrial Exhibition that was held in Moscow during November 9–11, ...
  • 2010-12-13 10:22:10
    UC Rusal’s board lot reduced today to 1,000 shares
    UC Rusal announces that the board lot size for its shares for trading on the Hong Kong Stock Exchange will be changed from 6,000 to 1,000 shares with effect from 9:30 a.m. Hong Kong time today. Oleg Deripaska, CEO of UC Rusal said, “Since the board lot size was reduced from 24,000 ...
  • 2010-12-10 10:02:52
    Mechel to construct Complex for Portland Blast-Furnace Slag Cement Production
    Mechel announced launch of construction of complex for Portland blast-furnace slag cement production with 1.6 mln tonnes capacity by its subsidiary, Mechel Materials. The construction is held on the premises of Chelyabinsk Metallurgical Plant. The assembly works of the main manufacturing ...
  • 2010-12-10 09:57:23
    Rusal plans to create high-tech production
    UC Rusal has won the Ministry of Education and Science of the Russian Federation’s bid to develop a new method of production of aluminium alloy with rare earth and transition metals, as well as to develop efficient equipment for electrical wire rod production. Rusal will receive 110.25 ...
  • 2010-12-09 12:48:35
    Metal exchange can be launched in Ural
    The meeting between governmental officials and businessmen dedicated to establishing of a metal exchange in Ural has taken place in Chelyabinsk this week. According to Nikolay Vinnichenko, Representative of the President of Russia in the Ural Federal District establishing of the Ural, ...
  • 2010-12-09 11:07:54
    Norilsk Nickel prices sale of shares of Stillwater Mining Company
    Norilsk Nickel notes a press release by Stillwater Mining Company relating to the pricing of secondary offerings of shares of its common stock at $19.50 per share by its majority stockholder, Norimet Limited, a wholly owned subsidiary of Norilsk Nickel (the “Announcement”). Mr. ...
  • 2010-12-09 10:01:00
    Metal-Expo’2011 Program of Events (project) has been posted on the website
    Metal-Expo’2011 program of events (project) has been pasted on the official website of the exhibition. Next year new events will be added to the already traditional ones. An exposition of innovative developments for the steel industry which have received state grants will be arranged ...
  • 2010-12-08 13:01:28
    Rusal’s landmark RDRs programme registered at the FSFM
    UC Rusal announced that the issue and the prospectus of the Russian Depository Receipts (RDRs) programme of the company have been registered at the Russian Federal Service for the Financial Markets (FSFM). The maximum number of RDRs that may be issued under the RDR programme is ...
  • 2010-12-08 10:40:29
    OAO Koks once again recognized as leader in evironmental activity in Russia
    For the third time now, OAO Koks has been recognized as the winner of the Russia-wide contest, “Leader in Environmental Activity in Russia 2010”. The prestigious competition was held as part of the VI Russia-wide environmental conference, “New Priorities of National ...
  • 2010-12-08 10:32:37
    Gearboxes of new generation are designed at EZTM
    "EZTM" JSC specialists have designed the gearboxes of new generation TsKTs2-630 instead of the ones TsKTs2-1000 and the gearboxes TsKTs2-560 instead of TsKTs2-800. The basic boundary and linkage dimensions of all the 4 gearboxes are set out in the table. As is clear from the above ...
  • 2010-12-07 11:03:12
    Izhorskiye Zavody manufacture equipment for Novovoronezh NPP-2
    On November 30 2010 facilities 33 and 34 of Izhorskiye Zavody have successfully completed the acceptance tests of the reactor unit equipment manufactured for the first unit of Novovoronezh NPP-2, including: reactor vessel, upper unit and four casings of the main circulation pump. ...
  • 2010-12-07 10:58:27
    Hot dip galvanizing line was officially commissioned at the Cherepovets Steel Mill
    The commissioning ceremony was attended by Vologda oblast vice-governor, Nikolai Kostygov, Cherepovets’ Mayor Oleg Kuvshinnikov, chief executive officer of Severstal Russian Steel Division and General Director of Cherepovets Steel Mill “Severstal” Alexander Grubman. The ...
  • 2010-12-07 09:36:01
    Norilsk Nickel to restart mine processing plant in Australia
    MMC Norilsk Nickel announced launch of its asset in Australia – Lake Johnston, which mines sulphide ore and produces nickel concentrate. The decision was announced during business trip of the General Director of Norilsk Nickel – Vladimir Strzhalkovsky to the Company’s ...
  • 2010-12-06 10:17:07
    Metalloinvest’s plants passed supervisory audit
    Two subsidiaries of Metalloinvest Holding confirmed meeting the requirements of the international standards for quality management system and occupational health and safety management system. Lebedinsky Mining and Processing Plant (Lebedinsky GOK) has successfully passed supervisory ...
  • 2010-12-06 09:13:54
    CZP to increase production to 160 thousand tonnes of zinc
    Chelyabinsk Zinc Plant (CZP), has held the regular meeting of the Board of Directors at which the Company’s budget for 2011 was approved. The budget provides the increase of CZP’s production of salable SHG zinc and zinc based alloys to 160 thousand tonnes. No less than half of ...
  • 2010-12-03 10:00:17
    RTS launched copper futures
    FORTS, the derivative market of RTS, started trading a new futures contract, a futures contract on copper (trading symbol CU). The contract is cash-settled, with the underlying asset for the contract the price on Grade A copper on the global market indicated in the LME trading system. The ...
  • 2010-12-03 09:26:46
    Evraz launches construction of two rolling mills
    Evraz Group announced that its Board of Directors has approved investment in both the Yuzhny Rolling Mill in the Rostov Region of Southern Russia and the Kostanay Rolling Mill in Kazakhstan. The Yuzhny Mill will be constructed in the Rostov Region near the port Ust-Donetsk. It is expected ...
  • 2010-12-03 00:43:00
    Vnesheconombank will finance construction of new aluminium plant
    Bank for Development and Foreign Economic Affairs (Vnesheconombank) entered into two сredit agreements with CJSC the Boguchan Aluminum Plant and OJSC the Boguchan Hydropower Electric Plant in order to implement the BEMO project. The agreements were signed in the presence of Krasnoyarsk ...
  • 2010-12-02 13:24:55
    New ferroalloy plant to be build in Russia
    The authorities of the Irkutsk region have conducted negotiations with a delegation from Liaoning province, China on a joint Chinese-Russian project on building of a ferroalloy plant in Russia. On the first stage of the project the  capacity of the plant will reach 60kt/y. The Russian ...
  • 2010-12-02 10:37:04
    Norilsk Nickel obtains new licenses in Botswana
    MMC Norilsk Nickel informed that its subsidiary Tati Nickel (Botswana) secured new exploration licenses in the country. To increase resource base of the Tati Nickel project, the management secured licenses for additional territories adjacent to current production sites of Tati Nickel. ...
  • 2010-12-02 10:25:32
    Wagon dumper ready for winter
    Kemerovo. In the coal preparation department of OAO Koks, installation is complete of a pushing unit for the crushing and milling machine at wagon dumper No. 2 The installed unit will be used in cases when the self-propelled crushing and milling machine is unable to handle the job alone. When ...
  • 2010-12-02 10:22:24
    OMZ Group and OAO UK Kuzbassrazrezugol have entered agreement on long-term cooperation
    OMZ Group and OAO UK Kuzbassrazrezugol, the largest Russian coal producer, have signed a long-term agreement program for 2010-2015. The program involves the delivery of 23 new excavator models produced by OOO IZ-KARTEХ to OAO UK Kuzbassrazrezugol, including: 12 EKG-18R shovels with 18 m3 ...
  • 2010-12-02 00:40:36
    Rusal to launch Russian Depository Receipts programme
    UC Rusal announced it has appointed Sberbank of Russia (Sberbank) as the issuer of and VTB Capital (VTB) as the financial advisor to the company’s Russian Depository Receipts (RDRs) programme. The RDRs programme is aimed at improving the attractiveness of and access to Rusal’s ...
  • 2010-12-01 09:42:13
    Magnitogorsk Iron & Steel Works reported record-high shipment of tube sheet
    It has become the largest MMK’s monthly shipment recorded in 2010 and one of the largest deliveries in the recent years. In 2008, for instance, MMK was shipping an average of 138,547 mt per month and 127,113 mt in 2009. Ten months of 2010 have brought a monthly shipment tonnage up to ...
  • 2010-12-01 01:02:19
    Metallurgical Corporation of China will take a part in the construction of Ozerny GOK
    The signing ceremony took place between Metropol Group of Companies and Metallurgical Corporation of China at the Fifth Russian-Chinese Economic Forum on November 24. The document was signed in the presence of the Chinese Prime Minister Wen Jiabao, pursuant to which the Chinese partner ...
  • 2010-11-30 10:45:33
    Coke production in the Kemerovo region grew 16%
    Reportedly, production of coke by a high temperature carbonization method in the Kemerovo region grew 16% to 5235k tons in January – October 2010 as compared to a corresponding period 2009. Coke production in October 2010 reached 516k tons (-3% against October 2009; +3% m-t-m 2010). The ...
  • 2010-11-30 00:58:50
    Norilsk Nickel want to sale Stillwater Mining
    MMC Norilsk Nickel noted a press release by Stillwater Mining Company relating to the commencement of secondary offerings of shares of its common stock by its majority stockholder, Norimet Limited, a wholly owned subsidiary of Norilsk Nickel. Norilsk Nickel, through Norimet Limited, 100% ...
  • 2010-11-29 12:34:56
    Copper semi-products output in Russia increased record-breaking
    Copper semis output in Russia grew in October, 2010 month-to-month. For example, copper wire production has grown by 1.2%, copper foil - by 10.5%, copper profiles and rods - by 17.9%. However, copper sheets, plates, strip output has dropped by 7.0%. As compared to October, 2009 ...
  • 2010-11-29 10:56:59
    Metalloinvest and Baosteel Group signed an Agreement of Cooperation Intent
    Metalloinvest Holding, the largest iron ore producer in Russia and CIS announced that it has signed a cooperation agreement with Baosteel Group Xinjiang Bayi Steel INTERNATIONAL TRADE Co., Ltd. a leading state-owned Chinese steel producer. The agreement was signed at the Fifth ...
  • 2010-11-26 10:20:38
    Evraz completes modernisation of steelmaking at NTMK
    Evraz Group (LSE: EVR) (“Evraz” or the “Company”) announces the completion of the modernisation of its converter shop at NTMK, Evraz’s steel mill in the Urals, Russia. As a result, the converter shop’s annual capacity increased by 0.7 million tonnes to 4.5 ...
  • 2010-11-26 10:16:19
    TMK among most transparent companies in Russia
    TMK (LSE:TMKS), one of the world’s leading oil and gas steel pipe producers, was once again recognized as one of the most transparent companies in Russia. The Company ranked 6-th in the 2010 Standard & Poor's Transparency and Disclosure Survey of the 90 largest publicly listed ...
  • 2010-11-25 10:21:09
    Mechel increases its stake in Charter Capital of Toplofikatsia Rousse AD up to 100%
    Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces acquisition of 51% stake in the charter capital of Toplofikatsia Rousse AD (TPP “Rousse”), located in the Republic of Bulgaria. As the result Mechel has increased its stake in the charter ...
  • 2010-11-25 10:19:57
    NLMK wins awards for annual report
    NLMK’s 2009 Annual Report has won awards in several national contests held this year. The Company won the RA Expert Rating Agency contest for Best Annual Report (Non-Financial Sector). NLMK also came first among steelmaking companies in the 8th yearly Federal contest of annual ...
  • 2010-11-25 09:22:42
    VSMPO-Avisma continues to buy shares of Uralredmet
    According to an interview of Michael Voevodin, Director General, VSMPO-Avisma Corporation, to the Novator corporate newspaper, VSMPO-Avisma has 18% of shares of Uralredmet plant now and will get 7% of ones n the near future. Uralredmet is the supplier of ligatures for VSMPO-Avismа. As he ...
  • 2010-11-24 10:29:15
    Rusal expands business in China
    UC Rusal announces that is has entered into a framework agreement to acquire a 33% stake in Shenzhen North Investments, a Chinese trading company and subsidiary of Norinco, which sells primary aluminium in China and South-East Asia, and that it has agreed on creation of a joint venture ...
  • 2010-11-24 10:17:21
    Mechel announces establishing its representative office in Ukraine
    Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces establishing its official representative office in Kiev, Ukraine. The representative office of the company will contribute to the development of Mechel’s business in Ukraine, including ...
  • 2010-11-24 10:02:00
    MMK and KAMAZ signed Memorandum on Cooperation
    Victor Rashnikov, MMK Chairman of the Board, and Sergei Kogogin, General Director of KAMAZ, signed a Memorandum today providing for construction of metal service center in Naberezhniye Chelny (Tatarstan). According to the Memorandum, the new facility to be commissioned in 2012 will be owned ...
  • 2010-11-23 11:10:36
    NLMK to introduce new auxillary equipment for hot strip mill
    Novolipetsk Steel has concluded a EUR2.3 mln contract with Sytco a.g. (Switzerland) for the supply of a new roll-grinding machine for special grinding and proper roll surface profiling for its over 5 mln tpa capacity hot strip mill. The installation of this roll treating equipment at ...
  • 2010-11-23 10:17:31
    MMK commissioned first stage of its metal service center and stamped components facility in St. Petersburg
    Closed Joint Stock Company Intercos-IV, a division of MMK Group of Companies, commissioned the first stage of MMK-Intercos service center and stamped components plant in St. Petersburg today. The official ceremony of the launch was attended by the Russian Prime Minister Valdimir Putin and the ...
  • 2010-11-23 00:01:29
    VSMPO found out new customer in USA
    Universal Stainless & Alloy Products announced that it has entered into an agreement with VSMPO (the branch of VSMPO-Avisma Corporation), the largest titanium manufacturer in the world, to supply hot roll conversion services. The agreement reflects a strategic initiative by Universal ...
  • 2010-11-22 10:14:40
    Evraz signs US$950M Loan agreement for 5 years
    Evraz Group S.A. (LSE: EVR) (“Evraz” or the “Group”) announces that it has signed a US$950 million structured credit facility (the “Facility”), maturing in 2015 and secured with assignment of sales proceeds under certain export contracts. Interest under the ...
  • 2010-11-22 00:03:41
    Freight One increases aluminium haulage by 17.4%
    From January to October 2010, Freight One increased its haulage of aluminium from Krasnoyarsk and Sayanogorsk aluminium plants by 17.4% against the similar period last year. Within 10 months of 2010 alone, Freight One has shipped over 600 thousand tonnes of aluminium to be delivered from ...
  • 2010-11-19 10:22:15
    Metalloinvest’s products are REACH registered – the first in the Russian metallurgy
    Metalloinvest Holding’s subsidiaries have successfully registered their principle products under European Community Regulation on chemicals and their safe use (EC 1907/2006, REACH). They are the first among Russian companies of ferrous metallurgy to have the procedure completed. ...
  • 2010-11-19 00:43:03
    Aluminum consumption in Russia will increase in next year
    According to UC Rusal report, consumption of aluminum in Russia and CIS will increase by 22% to 979 thousand tons in 2011 compared to the forecast for 2010, first of all due to further development of machine manufacturing, construction and packaging industries. Sales of aluminum in Russia and ...
  • 2010-11-18 12:07:11
    KUMZ want build new rolling complex
    Kamensk-Uralskiy Metallurgicheskiy Zavod (KUMZ, Sverdlovsk area) prepared the investment project which includes building of the modern manufacture of aluminum sheets and plates for aviation, shipbuilding, transport, mechanical engineering and others. The investment value of the project - more ...
  • 2010-11-18 11:08:02
    Yuzhny Kuzbass has increased production of coking coal by 78% since beginning of 2010
    Yuzhny Kuzbass (part of Mechel Group) produced 11.7Mt of coal in January – October 2010 which is + 4.8Mt or 48% up as compared to the corresponding period of 2009 (7.9Mt) including 7Mt of coking coals which is 78% up as compared to the corresponding period of 2009 (3.Mt). The company ...
  • 2010-11-18 10:39:35
    Evraz Group Appoints Director of Lean
    The key priorities of Evraz Group (LSE: EVR) (“Evraz”) are cost reduction and efficiency improvements, achieved through the implementation of best practice operational and process management. Pursuing this strategy, Evraz Group announces the appointment of Scott Baus as Director ...
  • 2010-11-17 10:23:31
    Innovative Projects of Metalloinvest’s Subsidiaries Awarded at Metal-Expo’2010
    The strongest projects were chosen among nearly fifty applications of various Russian and CIS enterprises submitted to the competition of high-tech developments of equipment, technologies, and production for the ferrous and non-ferrous industries. Oskol Elektrometallurgical Plant has won ...
  • 2010-11-17 10:19:47
    Resumption of dividend payments and date of Extraordinary General Meeting
    integrated steel and mining companies, is recommending a dividend of 4.29 rubles (approximately $0.14) per share in respect of the first nine months of the financial year to 30 September 2010. The record date is 12 November 2010. Approval of the dividend payment is expected at the EGM ...
  • 2010-11-16 10:19:19
    Q3 2010 RAS Financial Results
    Novolipetsk Steel (LSE: NLMK) has announced its Q3 2010 Russian Accounting Standards (RAS) financial results for its major companies. In Q3 2010 NLMK’s major companies showed an overall year-on-year improvement in financial performance. NLMK (the main production site) and NSMMZ ...