Metallurgy news

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  • 2010-09-17 10:40:17
    Mechel reports raising US $ 2bln pre-export finance facility to refinance its existing debt obligations
    Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, raised the US$2bln pre-export facility. The new facility is split between the borrowers in mining (OJSHC Yakutugol and Southern Kuzbass Coal Company for US$857.1 mln each), steel (OAO Chelyabinsk ...
  • 2010-09-15 09:04:20
    Krasnoyarsk metallurgical works endures a rebirth
    The Krasnoyarsk metallurgical works endure a rebirth: En + Group plans to create on its base the rolling complex largest in Russia. En + Downstream (is a part En + Group) under which control of Krasnoyarsk metallurgical works has passed in the summer of 2009, has begun preparation of the ...
  • 2010-09-14 09:00:21
    Agrisovgaz intends to create two technological clusters
    «On the basis of our industrial platforms we plan creation of two technological clusters – aluminum and steel», - Dmitry Kolbichev, the director of company Agrisovgaz (Maloyaroslavets, the Kaluga region), on celebrating of the 20 anniversary of the enterprise has declared. ...
  • 2010-09-13 11:56:40
    Metal Supply and Sale Magazine at Aluminium-2010
    Aluminium-2010 International exhibition opens in Essen on September 14. The exhibition will gather together more than 900 companies from 45 countries of the world including from Germany, Italy, Austria, Italy, Great Britain, the USA Japan, China, etc. Metal Supply and Sale Magazine ...
  • 2010-09-13 10:16:18
    Izhorskiye Zavody complete deployment of SAP ERP
    Izhorskiye Zavody, a part of OMZ Group, along with SAP and T-Systems have successfully completed integration of SAP ERP system into the production process. Successful synchronization of the Intermeh PDM-system (responsible for production process management) and SAP ERP (responsible for ...
  • 2010-09-10 11:01:39
    Mechel placed commercial papers of the 13 and 14 series at a sum of 10 Billion Roubles
    Mechel OAO (NYSE: MTL), one of the leading Russian mining and steel companies, announces placing its commercial papers of the 13 and 14 series. On September, 7 2010 Mechel OAO completed two placements of its interest-bearing commercial papers of the 13 and 14 series with an obligatory ...
  • 2010-09-09 10:49:44
    RUSAL launches ‘Save Norilsk Nickel’ website to promote its action plan to enhance value for all shareholders
    RUSAL (SEHK: 486, EuroNext: RUSAL/RUAL), the world’s largest aluminium producer and owner of a 25% stake in MMC Norilsk Nickel (‘MMC’), today presents a detailed strategy aimed at increasing the value of Norilsk Nickel and protecting the interests of its all shareholders. ...
  • 2010-09-09 10:43:00
    NLMK implements steel production upgrades
    A second high-capacity ladle furnace has commenced production at NLMK’s main site in Lipetsk. The 4 million tonnes per year (‘mtpy’) ladle furnace operation will allow a reduction in refining costs, ensure maximum quality improvement and will boost output of new steel grades ...
  • 2010-09-08 10:37:51
    MMK has increased domestic supplies
    The share of MMK domestic supplies in August 2010 reaches almost ¾ of the total rolled products supplies. The company’s last month export supplies exceeded 228k tons of steel products while the total output of marketable products exceeded 847k tons. Hence, the export share in the ...
  • 2010-09-08 10:15:09
    Mechel announces commissioning new electric steelmaking complex at Izhstal
    Mechel OAO (NYSE: MTL), a leading Russian mining and steel company, announces that the Russian Prime Minister Vladimir Putin commissioned a new electric steelmaking complex at Izhstal OAO. The new facility comprises an electric arc furnace and a continuous slab caster. During ...
  • 2010-09-07 11:20:16
    A new US manufactured bench testing unit, the only one of its type in Russia, has been installed at OOO Teci Rus
    The new unit is also of the sling and wire rope manufacturing process and can also be used for testing steel wire rope for aggregate breakage, a required procedure to ensure the quality of products. The core component of the new metal unit has a length of 12 meters, and has hydraulic ...
  • 2010-09-07 11:08:13
    Izhorskiye Zavody manufacture hydrogenerator stator shells for Sayano-Shushenskaya and Boguchanskaya hydro power plants
    Izhorskiye Zavody, a part of OMZ Group, has manufactured 2 hydrogenerator stator shells for Boguchanskaya and Sayano-Shushenskaya hydro power plants. Each stator shell weights approximately 100 tons, has about 15 m in diameter and 4 m height. The corresponding contract was signed ...
  • 2010-09-06 10:46:48
    Evraz's North American subsidiary secures CAD300 million of bank financing
    Evraz Group S.A. (LSE: EVR) announces the closing of a CAD300 million (approx. $285 million) four-year committed revolving credit facility by Evraz Inc. Canada (the Company). The facility is secured with the inventories and receivables of the Company and its operating subsidiaries (ABL ...
  • 2010-09-06 10:42:57
    Mechel announces work suspension at the New-Olzherasskaya Underground Mine
    Mechel OAO (NYSE: MTL), one of the leading Russian mining and steel companies, announces work suspension at New-Olzherasskaya Underground mine which is a part of Southern Kuzbass OAO due to coal self-heating in the long wall face No. 21-1-7. In the middle of August 2010, coal ...
  • 2010-09-03 10:01:00
    National expositions of Chinese steel companies to be arranged at Metal-Expo’2010
    ArcelorMittal, Baosteel, Marcegaglia, Acerinox, Ruukki, RHI, SMS Group, Vesuvius, MetalForme, Industrie PU.MA, Beijing Lirr, Henkel, China Fest Heavy Industries and other major steel companies will participate in Metal-Expo’2010 (November 9-12, Pavilion 75, the All-Russia Exhibition ...
  • 2010-09-02 10:43:44
    New associated company of VSMPO-AVISMA Corporation
    PSC VSMPO-AVISMA Corporation announced of an associated company promotion – LLC AVISMA- Kosmos. The associated company will be involved in power transfer using facilities and equipment of power substation “Kosmos”, commissioning of which is planned in the end of 2010. ...
  • 2010-09-02 10:33:52
    Evraz announces interim results for 1H 2010
    Evraz Group S.A. (LSE: EVR) today announces its unaudited interim results for the six months ended 30 June 2010. 1H 2010 Highlights: Financials: * Consolidated revenue US$6,379 million (+38% vs. 1H 2009) * Consolidated adjusted EBITDA US$1,154 million (+147%) * Net loss ...
  • 2010-09-01 10:44:51
    RUSAL to launch Russian Depositary Receipts Programme
    UC RUSAL (SEHK: 486, EuroNext: RUSAL/RUAL), the world’s largest aluminium producer, announces its intention to launch a Russian Depository Receipts (RDR) Programme and to arrange for the listing/the admission to trading of Russian Depository Receipts on CJSC “MICEX Stock ...
  • 2010-09-01 10:35:51
    Severstal announces changes to its Senior Management Team
    OAO Severstal (LSE: SVST), one of the world’s leading integrated steel and mining companies, announces changes to its senior management team. Alexander Grubman, currently CEO of Severstal Resources division, has been appointed as CEO of Severstal Russian Steel. Anatoly Kruchinin, ...
  • 2010-08-31 11:01:44
    Platts representative will give an overview of the world’s iron ore, steel, and cocking coals markets
    Platts agency will become a partner of Russian Metal and Steel Market, 13th International Conference which will be held on November 8 in Moscow to usher the traditional autumn Metal Week in Moscow . Hector Foster, Platts Editor, will give the delegates of the conference an insight of the ...
  • 2010-08-31 10:27:42
    RUSAL announces management and structural changes
    Moscow, 31 August 2010 – UC RUSAL Plc (SEHK: 486, EuroNext: RUSAL/RUAL), the world’s largest aluminium producer, announces the creation of RUSAL’s Department of Control, Internal audit and Business coordination, which will be headed by Tatyana Soina, who previously served as ...
  • 2010-08-30 10:37:03
    OMZ-Foundry Production completes reconstruction of gas treatment facilities
    OMZ-Foundry Production, part of OMZ Group, has completed a major environmental project - technical re-equipment of gas treatment facilities in order to reduce the negative impact of industrial activities on the environment. The construction of gas treatment facilities was provided by the ...
  • 2010-08-30 10:33:14
    Mechel announces signing cooperation agreement with FGC UES and RusHydro
    Moscow, Russia – August 27, 2010 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and steel companies, announces signing a cooperation agreement with JSC Federal Grid Company of Unified Energy System (FGC UES) and JSC RusHydro (RusHydro), which regulates the ...
  • 2010-08-27 15:17:47
    Norilsk Nickel paid out dividends for 2009 in amount of USD 1.325 Bln
    OJSC MMC Norilsk Nickel («MMC Norilsk Nickel» or «the Company») announces that payment of dividends in the total amount approved by the Annual General Meeting of Shareholders («AGM») was completed on June 28, 2010. As stated in the AGM resolution, 2009 ...
  • 2010-08-27 10:59:15
    Russian lead and zinc output increased and fell
    Reportedly, lead and zinc outputs in Russia grew by 36.1% and 24.9% respectively in 1H 2010 as compared to the corresponding period of 2009. Zinc output in July 2010 grew by 9.7% compared to the corresponding period of 2009, while lead output fell by 13.8%. Zinc and lead outputs fell in July ...
  • 2010-08-27 10:44:51
    Severstal has announced financial results of its scrap procuring assets for Q1 2010
    Reportedly, Severstal-Vtormet sold secondary materials for USD 42.3M in Q1 2010 which is 3.5 times more compared to the corresponding period of 2009. EBITDA index over the first 3 months of 2010 reached USD 2. 377k. When analyzing financial results for Q1 2010 we point out positive dynamics, ...
  • 2010-08-26 11:14:13
    Preparation for the biggest event in the steel and construction industries has entered the final stage
    More than 500 companies have already confirmed participation in Metal-Expo’2010 and MetallStroyForum’2010 exhibitions which will be held in Moscow on November 9-12, 2010 at The All-Russia Exhibition Center Fairgrounds. The exhibitions will become the biggest events in the steel ...
  • 2010-08-26 10:37:24
    Dividend Declaration
    The Board of Directors of Novolipetsk Steel, NLMK (LSE: NLMK), the leading Russian steel producer, today recommended an interim dividend in respect of the first six months of 2010 of RUR 0.62 per ordinary share (1 Global Depositary Share = 10 ordinary shares). Payment of the dividend is ...
  • 2010-08-25 12:02:44
    TMK has won tender for supplies of casing tubes to Vietnam
    Reportedly, TMK has won three tenders for supplies of casing tubes to Vietnam and signed contracts for the total amount of $375 000 for taking tests which will allow to deliver in full in the future in case the tests are passed. Vietsovpetro, a Russian – Vietnamese joint venture ...
  • 2010-08-25 10:31:16
    Copper output in Russia grew in July
    Reportedly, Russian refined copper output in the first seven months of 2010 exceeded the production result of the corresponding period of 2009 by 12.4%. A higher growth is registered in copper semis and alloys production: wire production grew by 25.7%, flats: 39.1% up, and foil: 70.1% up! The ...
  • 2010-08-24 12:56:43
    Non-ferrous metals output in Russia has increase raised since beginning of 2010
    Reportedly, primary aluminium output in Russia grew by 100.6% in January – July 2010 as compared to the corresponding period of 2009. LME price for primary aluminium grew by 2.9% reaching $1 988 per a ton in July compared to June 2010. Refined copper output grew by 112.4% in January ...
  • 2010-08-24 12:15:14
    Tubes output raised in Russia by 38.5% in January - July 2010
    Reportedly, 5 041k tons were of steel tubes were produced in Russia over the first seven months of 2010 which is 138.5% more compared to the corresponding period of 2009. Output by tube mills in January – July 2010 as compared to the corresponding period raised: Volzhsky Pipe Plant: 2.1 ...
  • 2010-08-23 12:05:39
    Metal-Expo at NLMK
    Last week Metal-Expo delegation visited Lipetsk and Voronezh to take part in NLMK in the Russian Steel Market and Regional Steel Distribution and Steel Markets of Central Russia, 2 conferences organized by the Russian Union of Metal and Steel Suppliers . The delegates of the conferences ...
  • 2010-08-23 11:20:56
    Norilsk Nickel has sold more nickel products that it has produced
    Reportedly, Norilsk Nickel produced 136k tons of nickel (international assets exclusive) and sold 138k tons of nickel products in the period from January to June 2010. Copper production and sales reached 185 and 167k tons respectively in 1H 2010. An average selling price for Norilsk Nickel ...
  • 2010-08-20 12:19:12
    Afrisovgaz to receive more than 0.5bn rubles loan from Savings Bank of Russian Federation
    Srednerussky Bank, Savings Bank of the Russian Federation has signed an agreement on issuing a loan of 527M rubles to Agrisovgaz. This is by far not the first such a large-scale joint project of the Savings Bank and Agrisivgaz. The investments Agrisovgaz will receive this year will be spent ...
  • 2010-08-20 11:40:59
    Gurievsk Steel Works has raised steel output
    Gurievsk Steel Works produced 16.7k tons of open-hearth steel in June 2010 which is by 37% more as compared to the corresponding period of 2009 (12.2k tons), 20.7k tons of long products which is by 88.2% more than in 2009 (11k tons), and 7.5k tons of grinding balls (163% up against July 2009: ...
  • 2010-08-20 10:25:09
    OMZ Group and OOO Galfind complete deployment of new software
    OMZ Group and OOO Galfind, developer of IT solutions for financial accounting, had completed deployment of 1C: Consolidation PROF 8 software used for IFRS accounting. The project was aimed at automation of the existing accounting transformation model in order to consolidate accounting ...
  • 2010-08-19 16:27:57
    Kirov Non-Ferrous Metals Processing Plant to do test runs of continuous annealing line by Otto Junker
    Kirov Non-Ferrous Metals Processing Plant, part of UMMC has entered the stage of the initial run of super thin bands continuous annealing line by Otto Junker. The cost of the line reaches about EUR 6M. Reportedly, all the works are performed according to the schedule. The line is planned to ...
  • 2010-08-19 11:36:48
    Krasny Oktyabr, Volgograd Steel Works produced 233k tons of steel in first 7 months of 2010
    Reportedly, Krasny Oktyabr, Volgograd Steel Works melted 233k tons of steel in the period from January to July 2010 which is 2 times more as compared to the corresponding period of 2009. In April 2010 the Works reached the pre-crisis output volumes. For reference, the Works melted 37.2k tons ...
  • 2010-08-18 11:38:49
    KUMZ became profitable in 1H 2010
    Kamensk Uralsky Metallurgical Works (KUMZ) gained 6.062bn rubles of sale proceeds in 1H 12010 which is almost 71% more compared to the corresponding period of 2009 (3.552bmn rubles). KUMZ net profit reached 241.408M rubles on January – June 2010 as compared to 715.308M rubles of loss in ...
  • 2010-08-18 11:20:35
    Zlatoust Metallurgical Works has increased steel output by 2.2. times since the beginning of 2010
    Zlatoust Metallurgical Works has increased steel output by 2.2. times during the first 7 months of 2010 as compared to the corresponding period of 2009. Output of merchant shapes has increased by 5.4 times. Steel output reached 123.5k tons in January – July 2010 against 57k tons in the ...
  • 2010-08-17 10:18:06
    Mechel announces implementation of summer holidays program for its subsidiaries employees’ children
    Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, continues the tradition of corporate health rehabilitation for children of its subsidiaries’ employees. In line with Mechel OAO’s corporate program on recreation and health rehabilitation of ...
  • 2010-08-17 10:14:57
    RUSAL files suit in Krasnoyarsk arbitration court in connection with Norilsk Nickel’s failure to provide AGM voting ballots
    RUSAL (SEHK: 486, EuroNext: RUSAL/RUAL), the world’s largest aluminium producer and owner of a 25% stake in MMC Norilsk Nickel ‘MMC’), announced that it has filed a suit against MMC in the Krasnoyarsk arbitration court in connection with its failure to provide the voting ...
  • 2010-08-16 12:39:29
    TMK Russian assets started to gain profit
    According to TMK quarterly production results, the total profit of the 4 TMK Russian assets reached 1.943 bn rubles under Russian Accounting Standards (RAS) in 1H 2010 against 605.6 M rubles of loss in the corresponding period in 2009. TMK is the largest Russian manufacturer and exporter of ...
  • 2010-08-16 11:37:27
    Ekaterinburg Non-Ferrous Metals Processing Plant to increase profit by export sales
    Reportedly, Ekaterinburg Non-Ferrous Metals Processing Plant gained net profit of 500.9M rubles under Russian Accounting Standards (RAS) in January – June 2010 against 85.8M rubles of net loss in the IH 2009. Sale proceeds increased 3.3 times reaching 1.066 bn rubles. The company ...
  • 2010-08-13 10:23:49
    NLMK in the list of Russian most innovative companies
    Projects implemented by Novolipetsk Steel (‘NLMK’) in the course of the last 5 years are amongst the Top 50 most innovative projects undertaken by major Russian enterprises, according to research conducted by Mediaholding Expert. The research also includes NLMK in a list of the ...
  • 2010-08-13 10:20:45
    MMK announces financial results under Russian Accounting Standards (RAS) for Q2 2010
    The results reflect MMK (parent company) operations only and may vary significantly from the consolidated financial results under IAS. . * MMK RAS sales rose by 26% in Q2 2010 q-o-q and amounted to RUR53.117 bn. * MMK net profit under RAS net revaluation of investment in securities ...
  • 2010-08-12 10:29:18
    RUSAL files request for arbitration against Interros
    Moscow, 11 August 2010 – UC RUSAL (SEHK: 486, EuroNext: RUSAL/RUAL), the world’s largest aluminium producer and owner of a 25% stake in MMC Norilsk Nickel, announces the filing of a request for arbitration against Interros to the London Court of International Arbitration (LCIA). ...
  • 2010-08-12 10:26:59
    Board of directors decides to summon Extraordinary shareholder meeting on October 21, 2010
    On August 6, 2010 OJSC MMC Norilsk Nickel (hereinafter – MMC Norilsk Nickel or the Company) received a request to summon an extraordinary shareholder meeting from UC RUSAL Investment Management LLC owning more than 10% of the Company’s outstanding voting shares. Today, the ...
  • 2010-08-11 11:08:41
    RUSAL to refinance USD 4.5 billion loan
    UC RUSAL (HKSE: 486, Euronext: RUSAL/RUAL), the world’s largest aluminium producer, announces that it has agreed all the terms of a proposed loan from Sberbank of Russia, which has been approved by Sberbank and is intended to refinance the loan previously provided to RUSAL by ...