Metallurgy news

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  • 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 ...
  • 2010-11-16 00:44:31
    Norilsk Nickel continues an investment project in Zabaikalye
    MMC Norilsk Nickel moves to the next stage of the investment project, which is implemented by the Company jointly with the state as part of the mineral resources development program for Zabaikalye Territory. The Company plans to begin designing mining and processing plant at Bystrinskoye ...
  • 2010-11-15 10:26:29
    Expert RA rating agency confirms the A rating of OMZ Group
    Expert RA rating agency has confirmed the A rating, “High Solvency Level”, of OMZ Group. The factors behind the decision include reduction in debt, diversified liabilities structure, high level of diversification and lack of delayed accounts payable, increase in capital and ...
  • 2010-11-15 00:09:43
    Severstal to integrate Ukrainian Facilities
    Since November, 2010 Severstal’s two enterprises that serve the Ukrainian market, Severstal Ukraine and Dnepometiz, initiated a programme to integrate operations from a single production site so as to improve the efficiencies of their businesses. Severstal Ukraine, a sales ...
  • 2010-11-15 00:03:01
    Rusal increased aluminium production by 3%
    UC Rusal announced its results for the nine months ended 30 September 2010. Net profit of USD1,420 million for the nine months ended 30 September 2010 compared to net loss of USD826 million for the nine months ended 30 September 2009. Revenue increased by 36.6% to USD8,029 million for the ...
  • 2010-11-10 15:27:09
    Mechel signed Agreement of Intent with Posco
    Mechel, one of the leading Russian mining and metals companies, announceв that it has signed an Agreement of Intent with a South Korean company Posco. On November 10, Mechel and a South Korean company Posco, one of the largest steel producers in the world, signed the Agreement of Intent. ...
  • 2010-11-09 13:32:08
    Freight One hauls ferrous metals from East to West
    The first five railcars carrying sheet steel have been delivered by JSC Freight One from Zabaikalsk station to Moscow-Tovarnaya-Smolenskaya station. The shipment originated from China and was reloaded into Freight One railcars at the Russian border. Chinese metal is bought by domestic Russian ...
  • 2010-11-05 15:07:42
    New solutions to use of steel in construction will be presented at Metal-Expo’2010
    Leading Russian and international producers of steel structures and products for the construction industry such as Kireevsk Steel Structures Plant, Steelinvest, Kazan Steel Profiles, Lasar, Ruukki, Steel Structures, UralTrubProm, StroyPromMet, voestalpine Arkada Profile, Novosibirsk Steel ...
  • 2010-11-04 00:59:21
    Norilsk Nickels Russian divisions exceeded nickel production
    In the third quarter of 2010, the Polar and Kola Divisions of MMC Norilsk Nickel produced 60 thousand metric tonnes of nickel, slightly exceeding the approved production plan. For 9 months of 2010, the saleable nickel production totaled 174.1 thousand metric tonnes, being by 3% (or by 4.8 ...
  • 2010-11-03 00:30:27
    VIZ-Stal commissioned new box annealing furnace
    In the contest of the Technical Upgrade Program VIZ-Stal commissioned the first out of eight box annealing furnaces, which will allow improving steel magnetic properties and consumer properties (grade, flatness, choice), and contribute to minimum double energy decrease per tonne of steel at ...
  • 2010-11-03 00:08:25
    New titanium pipes plant to be build in Nizhegorodsky area
    A titanium pipes plant can be constructed in Nizhegrodsky area. About it it became known during a meeting Valery Shantsev, governor of the Nizhegrodsky area with Foreign States Honourable Consuls Association in Nizhni Novgorod. During a meeting the representative of honourable consulate ...
  • 2010-11-02 10:19:29
    Izhorskiye Zavody begin production of two petrochemical reactors for Novokuybyshevsk oil and additives plant
    Izhorskiye Zavody, a part of OMZ Group, has begun production of two petrochemical reactors for Novokuybyshevsk oil and additives plant, owned by OAO NK Rosneft. The contract between OMZ Group and OOO NZMP was signed following a tender held by OAO NK Rosneft. According to the ...
  • 2010-11-01 12:11:55
    VIZ-Stal increased production by 68%
    For January-September 2010 VIZ-Stal produced about 113, 000 tonnes of steel, a 68% increase y-o-y. GO: 112,000 tonnes, NGO: 0, 700 tonnes. Prime grades` share accounts for 99% (+1%), including prime surface grades - about 85% (+4%). Prime flatness steel accounts for 86% (+17%). GO ...
  • 2010-11-01 11:11:26
    Evraz Vitkovice Steel reaches agreement with ArcelorMittal Ostrava over supply of liquid pig iron
    Evraz Group S.A. announces that its subsidiary in the Czech Republic, Evraz Vitkovice Steel (“EVS”), has reached an agreement with ArcelorMittal Ostrava over the supplies of liquid pig iron from ArcelorMittal Ostrava (“AMO”) to the steelmaking facilities of EVS. ...
  • 2010-11-01 11:08:43
    Severstal has completed its U.S.$1bln Eurobond offering
    OAO Severstal has reduced its indebtedness under a loan agreement with Steel Capital S.A. made in July 2008 (the “2008 Loan”) by U.S.$706,448,000 in the aggregate principal amount. The 2008 Loan was financed by the issuance by Steel Capital S.A. (the “Issuer”) on ...
  • 2010-11-01 00:15:05
    Norilsk Nickel kept output of nickel and reduced – copper in 3rd quarter
    MMC Norilsk Nickel announced preliminary consolidated production results for the third quarter and 9 months of 2010 at the Polar and Kola Divisions in Russia, as well as at its international operations in Finland, Botswana and South Africa. Overall nickel production in the third quarter ...
  • 2010-10-29 13:31:55
    Vnesheconombank will issue a loan to BEMO
    Resently RusHydro held an Extraordinary General Meeting in absentia.The Extraordinary General Meeting approved the related party pledge and suretyship contracts signed between RusHydro and Vnesheconombank.   Under the funding terms for the BEMO (Boguchanskoye Energy and Metals ...
  • 2010-10-29 10:26:43
    TMK completes VTZ upgrade
    TMK, one of the world's leading producers of steel pipes for the oil and gas industry, celebrated the completion of Volzhsky Pipe Plant’s seamless pipe rolling modernization program. The official commissioning ceremony was held on October 26, 2010, at Volzhsky’s rolling mill #3. ...
  • 2010-10-29 10:23:19
    NLMK Group announces USD28M acquisition of VMI scrap processing company
    Novolipetsk Steel, one of Russia’s leading steel companies, today announced the acquisition of LLC VMI Recycling Group (hereinafter referred to as VMI) from a group of shareholders for a total of USD28.4 million. VMI owns scrap collection and processing assets located in the Moscow ...
  • 2010-10-28 10:53:04
    Evraz completes first stage of rail mill modernisation at NKMK
    Evraz Group has completed the first stage of the rail mill modernisation at NKMK, one of Evraz’s Russian steel plants located in Novokuznetsk, Siberia, with a capacity of 750,000 tonnes of rails per annum. Installation of state of the art equipment will ensure premium quality of ...