Metallurgy news

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  • 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 ...
  • 2011-04-11 10:19:04
    Mechel announces Board of Directors’ resolutions
    Mechel, one of the leading Russian mining and metals companies, announces decision of the board of directors to convene the annual general shareholders' meeting of Mechel OAO. The Board of Directors of Mechel OAO (the Company) held a meeting on April 8, 2011. The following resolutions ...
  • 2011-04-08 10:45:40
    MMK announces its consolidated financial statements under IFRS for 12M and Q4 2010
    SOLID RESULTS IN 12M AND Q4 2010: MMK Group 2010 sales amounted to USD 7,719 mln, exceeding 2009 level by 52%. 2010 EBITDA reached USD 1,606 mln, which is 23% higher compared to 2009. 2010 EBITDA margin at 21%. Profit for the period for 2010 amounted to ...
  • 2011-04-08 10:44:12
    IZ-KARTEX completes acceptance testing of a new power shovel
    OAO UK Kuzbassrazrezugol has completed acceptance tests of the EKG-18R power shovel at Taldynskiy coal mine. The equipment was manufactured by OOO IZ-KARTEX, a part of OMZ Group. The power shovel is designed to excavate and load rocks during open mining. EKG-18R is the first ...
  • 2011-04-07 10:12:47
    RUSAL CEO Oleg Deripaska Visits Guinea with Russian Government Delegation
    RUSAL the world's largest aluminium producer, reports on the visit of RUSAL top management to Guinea as part of the official visit of the Russian government delegation in the country. During the visit, the Minister of Natural Resources and Environment of the Russian Federation Yuri Trutnev ...
  • 2011-04-07 10:07:35
    MMK Completed First Phase of Equipping Mill 2000
    Magnitogorsk Iron & Steel Works (MMK) reports it has assembled first phase of technological equipment at its mill 2000. Continuous pickling line has been linked to the ‘tandem’ mill. All the necessary gear has been put in place. The roll test has been accomplished at the ...
  • 2011-04-06 11:36:36
    New enrichment technology is introduced at enrichment factory of KMAruda Works
    The decision has been taken to introduce an additional stage of pulverization at plot No. 2 of the crushing and enrichment factory. Where before only two stages have been in effect—a first and second stage—now a third is being added that includes «Stack Sizer» ...
  • 2011-04-06 11:08:52
    Norilsk Nickel prospecting summary 2008-2010 and outline of key priorities for 2011
    Norilsk Nickel announces the results of prospecting department’s activities and outlines its plans for 2011. Financing of the company’s prospecting activities for 2008-2010 has totaled RUB 3.969 billion. The increase of Norilsk Nickel group’s reserves has been 3,4 ...
  • 2011-04-06 11:06:54
    Rusal announces opening of book with respect to ruble bond issue by Rusal Bratsk
    RUSAL the world's largest aluminium producer, announces the opening of book with respect to the second tranche, Series 08, of the ruble bond issue by OJSC RUSAL Bratsk in the amount of 15 billion rubles. Series 08 is represented by 15 million of bonds with a par value of 1,000 rubles ...
  • 2011-04-05 10:20:39
    NLMK comments on ICAC decision
    On March 31, 2011 the International Commercial Arbitration Court (ICAC) of the Chamber of Commerce and Industry of the Russian Federation partially satisfied the claims of Nikolay Maximov, Maxi-Group’s minority shareholder, against NLMK. NLMK’s motions to suspend the ICAC ...
  • 2011-04-05 10:13:39
    Mechel Announces New Appointment In Management
    Mechel announces the creation of the position of Vice-President for Commercial Activities. Mikhail Urvantsev, 42, was appointed Mechel OAO’s vice-president for commercial activities. Prior to this appointment Mr. Urvantsev began his professional career at Beloretsk ...
  • 2011-04-04 10:20:26
    EZTM has designed new generation of hot-blast valves
    EZTM JSC has developed new designs of valves basing on the performed experimental and theoretical research and on the analysis of maintainability of home- and foreign-made hot-blast valves. The designs meet the modern requirements of blast-furnace process which consist in maximal cooling flow ...
  • 2011-04-04 01:02:24
    TMK announced 2010 IFRS consolidated results
    TMK , one of the world’s leading producers of pipes for the oil and gas industry, announced its IFRS audited consolidated results for 2010. 2010 Highlights Financials: Revenue grew by 61% to U.S.$ 5,578 million as a result of strong recovery in demand across all key ...
  • 2011-04-04 00:31:56
    Results of the Meeting of the Board of Directors of MMC Norilsk Nickel
    Last Fridy new Board of Directors of OJSC MMC Norilsk Nickel (hereinafter – MMC Norilsk Nickel or the Company) met for the first time since it was elected at the Extraordinary General Meeting (EGM) of shareholders on March 11, 2011. Among other matters, the agenda of the meeting ...
  • 2011-04-01 17:38:46
    Norilsk Nickel prospecting summary 2008-2010 and outline of key priorities for 2011
    OJSC MMC Norilsk Nickel announces the results of prospecting department’s activities and outlines its plans for 2011. Financing of the company’s prospecting activities for 2008-2010 has totaled RUB 3,969 billion. The increase of Norilsk Nickel group’s reserves has been ...
  • 2011-04-01 10:42:26
    Norilsk Nickel and Department of mineral resources of South Africa sign strategic partnership declaration
    Vladimir Strzhalkovsky, the General Director and Chairman of the Management Board of OJSC MMC Norilsk Nickel (the Company) and Sandile Noxgina, the Director General of the Department of Mineral Resources of South Africa, had a business meeting in RSA on Tuesday, March 29. To further the ...
  • 2011-04-01 10:40:34
    Completion of the sale of the subsidiary of SNA
    Severstal, one of the world’s leading steel and mining companies, has completed the sale of the subsidiary of Severstal North America (“SNA”) which owns facilities at Warren, OH, Wheeling, WV, and Sparrows Point, MD on the previously disclosed terms to The Renco Group, Inc. ...
  • 2011-04-01 10:01:00
    Russian President Dmitry Medvedev visited Magnitogorsk Iron & Steel Works (MMK)
    Russian President Dmitry Medvedev chaired a session of the presidential commission for modernization and technological development of Russia’s economy that was held at the headquarters of Magnitogorsk Iron & Steel Works on March 30. Before the session Dmitry Medvedev toured MMK ...
  • 2011-03-31 13:27:32
    EVRAZ announces financial results for 2010
    EVRAZ Group announces its audited financial results for the year ended 31 December 2010. 2010 Highlights: Financials: * Consolidated revenue US$13,394 million (+37% vs. 2009) * Consolidated adjusted EBITDA US$2,350 million (+90%) * Net profit US$532 million (net loss ...
  • 2011-03-31 10:58:51
    Rusal increased net profit almost in 3.5 times
    UC Rusal, the world’s largest aluminium producer, announces its full year results for 2010. Key highlights Financial Net profit of US$2,867 million for 2010 compared to net profit of US$821 million for 2009. Revenue increased by 34.5% to US$10,979 million as a result ...
  • 2011-03-31 10:26:24
    Severstal wins award for Best Supplier to the Automobile Industry
    Severstal has won the award for Best Supplier to the Automobile Industry at the Moscow Auto Forum, annual conference organized by Adam Smith Conferences held in Moscow each year that gathers leading Russian and international auto groups. Severstal is the largest supplier of rolled metal ...
  • 2011-03-31 10:01:00
    Director General of MMC Norilsk Nickel meets South African President
    Vladimir Strzhalkovsky, the Director General and Chairman of the Management Board of MMC Norilsk Nickel met with the President of the Republic of South Africa Jakob Zuma in RSA on March 27/. The meeting was held as part of the Director General’s business visit to the Republic of ...
  • 2011-03-30 12:29:22
    En+ Downstream expands output of aluminium semi-products
    En+ Downstream (includes Krasnoyarsk Metallurgical Plant KraMZ, Dmitrov Can Tape Test Plant Dozakl and Mosmek - manufacturers of aluminium products for the aviation, spacecraft building, defense, construction and other industries) announces results for the year ended 31 December 2010. The ...
  • 2011-03-30 10:35:44
    CherMC confirms compliance of its Quality Management System with top international standards
    The Cherepovets Metallurgical Works (“CherMC”), part of the Russian Steel Division of OAO Severstal, one of the world’s leading steel and mining companies, successfully passed a recertification audit of its Quality Management System in compliance with International Standards ...
  • 2011-03-30 10:28:06
    OAO Koks: Best Kuzbass Brand, Sales Leader
    Based on its 2010 performance, OAO Koks has been named the winner of the regional competition “Kuzbass Brand” in the category “Best Kuzbass Brand – Sales Leader” in the “Metallurgy” group. This year, 150 companies applied to participate in the ...
  • 2011-03-29 10:25:19
    Fitch Affirmed Norilsk Nickel at BBB- and removed "Rating Watch Negative". The Outloook is Stable
    Norilsk Nickel announces that the international rating agency Fitch Ratings affirmed its foreign currency Long-Term Issuer Default Rating (IDR) at "BBB-" and foreign currency Short-Term IDR at “F3”. The agency has removed the Rating Watch Negative, where it was placed on ...
  • 2011-03-29 10:21:43
    Mechel announces launch of coking battery #6 at Mechel-Coke
    Mechel OAO a leading Russian mining and steel company, announces the launch of the reconstructed coking battery #6 at Mechel Mining OAO’s subsidiary, Mechel-Coke OOO. The launch will enable the company to step up production of coke and chemical products and ensure production ...
  • 2011-03-28 11:20:07
    Rusal signs MoU with Xinshan Aluminium Industry Demonstration Park
    UC Rusal announces the signing of a Memorandum of Understanding (MoU) with Xinshan Aluminum Industry Demonstration Park, China’s largest organization responsible for the development of aluminium production in the country and supported by the Chinese Government. The MoU signed provides ...
  • 2011-03-28 10:28:16
    OAO Koks' focusing on modernization and environmental protection
    Representatives from the Institute of Coal Chemistry and Chemical Materials Science have joined OAO Koks' scientific and technical council. The decision was made at a meeting between OAO Koks managing director Sergei Diakov and the director of the Institute of Coal Chemistry and Chemical ...
  • 2011-03-28 10:16:36
    MMK Group completed the sale of Belon energy business
    Open Joint Stock Company Belon, part of Magnitogorsk Iron & Steel Works Group (MMK), announced it has completed the sale of its energy business including 100 percent shares of Listvyazhnaya Coal Mine and 100 percent shares of Listvyazhnaya Preparation Plant to SDS-Coal Holding Company. ...
  • 2011-03-25 10:28:51
    MMC Norilsk Nickel: 2010 performance of transportation and logistics
    MMC Norilsk Nickel summarized the performance of Transport and Logistics Unit in 2010. The Transport and Logistics Unit ensures the water, rail, truck and air transportation of all cargoes of the Company. In 2010, the unit’s cargo turnover amounted to 2.5 million tons with 1 ...
  • 2011-03-25 10:22:35
    Work is being completed to create new pneumatic collapsing system at OAO Koks' coal preparation division
    The need to improve the pneumatic collapsing system of the charge warehouse is due to the fact that the factory mainline was insufficient for effective charge collapsing in the pressure silos. With the required pressure of six atmospheres, air with a pressure of three atmospheres was fed. As ...
  • 2011-03-24 14:01:58
    Producers and users of coated rolled products will discuss trends in the market
    According to different estimations, today around 500 steel service centers and steel structures plants as major consumers of galvanized and painted rolled products including shaped decking, metal tiles, bent shapes etc. operate in Russia. The number of plants engaged in further processing of ...
  • 2011-03-24 13:30:42
    NLMK increases funding for environmental projects
    In 2010 NLMK allocated RUR4.14 billion (almost RUR100 million up year-on-year) towards environmental protection projects at its main production site in Lipetsk, a record amount since the launch of the Company’s Technical Upgrade Program and the highest investment into environmental ...