Metallurgy news

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  • 2010-08-11 11:07:02
    UMMC enterprises rank among the top 5 leading non-ferrous products manufacturers
    According to production results of the first 6 months of 2010 Kirov and Kolchugino Non-Ferrous Plants (part of UMMC) rank 1st and 4th respectively among the top 5 leading producers and suppliers of non-ferrous products. The rating has been composed by Metal Supply and Sales and was published ...
  • 2010-08-11 10:43:39
    Demidov Group of Companies has launched cold-formed rebars line
    At the end of July Demidiv Group of Companies launched a line for manufacture of new types of products: cold-formed rebars В500С. The EVG RMV-12-2D S type cold-rolling mill set up at Ryazan Pipes Works allows to manufacture rebars of 4 –12 mm (inclusive) in dia. Due to the new ...
  • 2010-08-10 10:56:03
    Lysva Steel Works raised net profit in 1H of 2010
    Lysva Steel Works part of Unsayur Group raised net profit to 54.3M roubles in 1H of 2010 which is by 14.6 more as compared to the corresponding period of 2009. It has become possible mainly due to fulfilling of a number of measures aimed at reducing expenses and focusing on manufacte of high ...
  • 2010-08-10 10:36:27
    United Metallurgical Company assists the victims of the fires in Vyksa area
    Severe forest fires have spread since the end of July in Vyksa area of Nizhny Novgorod region. According to the official figures, 19 people were killed and more than 500 houses burned in 10 localities of the area affected by the fires. Starting on the very first day of the disaster, UMC ...
  • 2010-08-09 12:50:30
    Izhorskiye Zavody to supply petrochemical equipment for Tuapsinsky oil refinery
    Izhorskiye Zavody, a part of OMZ Group, had won a contract for the delivery of heavy petrochemical equipment for OOO RN-Tuapsinsky NPZ. The contract involves manufacturing of six heavy vessels for deep oil refinery and production of high quality Euro-5 compliant petroleum. Overall weight of ...
  • 2010-08-09 11:03:54
    RUSAL convenes extraordinary general meeting of Norilsk Nickel’s shareholders to elect new board
    Moscow, 6 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 that it has requested an Extraordinary General Meeting of shareholders (EGM) of MMC Norilsk Nickel in order to elect ...
  • 2010-08-09 10:59:25
    MMK has increased manufacture of high value added products by 1/3
    The share of high value added products in the MMK production program reached 32% in 1H 2010. During this period MMK produced 1642kt of high value added products (against 968kt in 1H 2009) including 556tk of cold-rolled sheets, 680kt of high conversion products, and more than 400kt of products ...
  • 2010-08-06 10:14:22
    OMZ divests Czech steel assets
    On 28 July 2010, OAO OMZ (Uralmash-Izhora Group) (OMZ) signed an agreement to sell one of its Czech subsidiaries, Pilsen Steel, for Euro 125.6 million. The sale will allow the Company to concentrate its resources on its Russia-based specialty steel business which is mainly focused on ...
  • 2010-08-06 10:10:15
    Severstal Columbus welcomes campus partners to provide value-added services for customers
    To expand its range of services to light flat rolled steel consumers, Severstal Columbus LLC yesterday officially welcomed two new downstream campus partners to its Lowndes County facility. At a groundbreaking event attended by Mississippi Governor Haley Barbour, James Hrusovsky, Chief ...
  • 2010-08-05 10:34:25
    Norilsk Nickel board meeting results
    At the regular in-person meeting of the Board of Directors of OJSC MMC Norilsk Nickel (“MMC Norilsk Nickel” or “the Company”) that took place on 3 August the following decisions were made: I. Composition of the Committees of the Board of Directors was approved. ...
  • 2010-08-05 10:28:38
    United Metallurgical Company will allocate 300 million roubles to help victims of fires in Vyksa area
    The United Metallurgical Company will allocate 300 million roubles to help the victims of the fires in Vyksa area. According to Anatoly Sedykh, Chairman of the Board of Directors, despite the fact that due to the force-majeure the company incurs considerable losses, the UMC management decided ...
  • 2010-08-04 10:26:57
    Moody's assigns Metalloinvest Ba3 rating with stable outlook
    Moody's Investors Service today assigned Metalloinvest a Ba3 corporate family rating ("CFR"), a Ba3 Probability of Default Rating and Aa3.ru national scale rating. According to the agency, the rating reflects Metalloinvest's proven iron ore production capacity, its long-life reserve ...
  • 2010-08-04 10:19:50
    RUSAL declares that board of directors of MMC Norilsk Nickel did not decide to create a conciliation commission
    UC RUSAL, the world’s largest aluminium producer and owner of 25% of the shares of MMC Norilsk Nickel, declares that the official results of the meeting of the Board of directors of MMC Norilsk Nickel as announced by MMC in relation to “CREATION OF CONCILIATION COMMISSION” ...
  • 2010-08-04 10:18:05
    New position of president reporting directly to Director General inducted at Norilsk Nickel
    OJSC MMC Norilsk Nickel (hereinafter - MMC Norilsk Nickel, the Company or MMC) informs that its organizational structure has changed: a position of President is inducted at the Company as of August 2, 2010. The President will report directly to General Director Vladimir Strzhalkovsky. ...
  • 2010-08-03 11:13:35
    RUSAL’s position regarding publication of 2010 AGM voting papers on corporate website of MMC Norilsk Nickel
    UC RUSAL, (HKSE: 486, Euronext: RUSAL/RUAL), the world’s largest aluminium producer and owner of 25% of the shares of MMC Norilsk Nickel welcomed the proposal to publish the 2010 AGM voting papers on the Norilsk Nickel website. We welcome this effort to restore transparency and ...
  • 2010-08-03 11:08:17
    Russian steel exports to EU reached less than 50% of the quota in January – July 2010
    European Commission reports that Russian steel supplies to EU in January – July 2010 exceeded 1.5Mt which makes 47.4% of the quota set by the EU.   Supplied by July 30 Quota percentage ...
  • 2010-08-02 10:28:52
    Norilsk Nickel announces preliminary consolidated production results for Q2 2010 and 1st half of 2010
    OJSC MMC Norilsk Nickel (hereinafter – “Norilsk Nickel” or “the Company”), the world’s largest nickel and palladium producer, announces preliminary consolidated production results for the second quarter of 2010 and first half of 2010 at its Polar and Kola ...
  • 2010-08-02 10:23:41
    Chelyabinsk Zinc Plant reports 56% production increase for 1H 2010
    Chelyabinsk, Russia – July 29, 2010 – Chelyabinsk Zinc Plant (LSE, RTS, MICEX: CHZN), Russia’s largest producer of zinc and zinc alloys, is pleased to announce its production results for the six months ended June 30, 2010. In Q2 2010 Chelyabinsk Zinc Plant’s (CZP) ...
  • 2010-08-02 10:17:57
    Evraz Will Introduce PCI Technology at Its Russian Steel Mills
    Evraz Group (LSE: EVR) ("Evraz" or the "Company") started implementation of Pulverised Coal Injection (PCI) technology in the production of pig iron at its Russian steel mills Zapsib and NTMK. This will allow Evraz to use steam coal as fuel for blast furnaces by the end of ...
  • 2010-07-30 10:21:09
    Standard & Poor’s confirms investment grade 'BBB-' rating on MMC Norilsk Nickel and changes outlook from Negative to Stable
    OJSC MMC Norilsk Nickel (hereinafter – Norilsk Nickel or the Company) is pleased to announce that international rating agency Standard & Poor’s (hereinafter – S&P) confirmed the Company’s investment grade credit rating at the level of 'BBB-' .The Outlook ...
  • 2010-07-30 10:14:04
    Beta Steel Corp changes its name to NLMK Indiana
    Beta Steel, a Portage (Indiana, USA) based steel mini-mill specializing in the production of hot rolled coils, today announces that it is changing its name to “NLMK Indiana” effective from July 27,2 010. The Company’s new name reflects its identity and position within the ...
  • 2010-07-29 10:31:04
    Vnesheconombank approves project financing for completion of construction of Boguchanskaya HPP
    UC RUSAL (HKSE: 486, Euronext: RUSAL/RUAL), the world’s largest aluminium producer, announces that the Supervisory Board of Vnesheconombank has approved a financing package amounting to RUR 50 billion (about USD 1.7 billion) for RUSAL and RusHydro to complete the construction of the ...
  • 2010-07-29 10:27:40
    Severstal announces idling of its hot-end facilities at Severstal Sparrows Point
    Severstal (LSE: SVST), one of the world’s leading integrated steel and mining companies, announces the idling of its hot-end facilities at Severstal Sparrows Point, as of July 25, 2010 as previously scheduled. The idling of blast furnace and steel-making facilities is in response to ...
  • 2010-07-28 10:19:37
    Evraz Borrows US$404 Million from Nordea Bank for Four Years
    Evraz Group (LSE: EVR) ("Evraz") announces that its subsidiaries have drawn down on the loan facilities from Nordea Bank totalling US$404 million which are due to mature in June 2014. The proceeds have been used to repay Nordea Bank’s loans in the amount of US$357 million ...
  • 2010-07-28 10:12:43
    NLMK launches new environmental project at sintering operations
    Novolipetsk Steel has launched a new environmental protection project at its Sinter Plant – revamping the central dust collecting system for sintering machines No.3 and No.4 which will facilitate a significant reduction of atmospheric emissions. Due to the gradual modernization of ...
  • 2010-07-28 10:06:06
    Standard & Poor’s confirms investment grade 'BBB-' rating on Norilsk Nickel and changes outlook from Negative to Stable
    OJSC MMC Norilsk Nickel (hereinafter – Norilsk Nickel or the Company) is pleased to announce that on July 27 international rating agency Standard & Poor’s (hereinafter – S&P) confirmed the Company’s investment grade credit rating at the level of 'BBB-' .The ...
  • 2010-07-27 15:13:19
    Severstal consolidated 50.2% of Crew Gold Corporation
    Severstal Gold N.V., subsidiary of OAO Severstal (“Severstal”) (LSE: SVST; RTS: CHMF), is announcing that it has acquired 209,389,500 additional shares in Crew Gold Corporation through over the counter transactions at a purchase price of USD 0.338325 (NOK 2.09) per share on July ...
  • 2010-07-27 10:23:59
    Rating Agency Moody's changes the outlook of MMK's Ba3 rating to positive
    Rating agency Moody's Investors Service has changed the outlook for Magnitogorsk Steel OJSC's ("MMK") Ba3 corporate family rating and the outlook on MMK's Aa3.ru national scale rating to positive from stable. This rating action reflects the fact that in spite of negative global ...
  • 2010-07-27 10:12:59
    UC RUSAL announces structural changes
    Moscow, 26 July 2010 – UC RUSAL (HKSE: 486, Euronext: RUSAL/RUAL), the world’s largest aluminium producer, announces changes in its organisational structure. The current Aluminium and Alumina divisions have each been split into Aluminium and Alumina East and West divisions ...
  • 2010-07-26 17:33:19
    MMK and ChTPZ signed an agreement till 2015
    MMK and ChTPZ signed an agreement on cooperation - «Plate Mill 5000 - Height 239» till 2015 in order to provide Russian oil and gas companies with high quality pipes for construction of new major pipelines and reconstruction of existing pipelines. The parties will cooperate ...
  • 2010-07-26 11:21:53
    Boeing and VSMPO-AVISMA are building up Innovation Research and Development Center
    Farnborough, GB – Boeing company and PSC VSMPO-AVISMA declared of building up the joint innovation research and development center of titanium production practices and materials. Within the framework of this project Boeing and VSMPO-AVISMA will jointly develop the new titanium ...
  • 2010-07-26 11:12:40
    Mechel to launch new high quality and stainless steel production complex at Chelyabinsk Metallurgical Plant
    Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces that Russian Prime Minister Vladimir Putin launched a high quality and stainless steel production complex in the arc-furnace melting shop #6 of Chelyabinsk Metallurgical Plant (CMP). While launching ...
  • 2010-07-23 10:24:34
    RUSAL restarts Ewarton Alumina Refinery in Jamaica
    UC RUSAL (SEHK: 486, EuroNext: RUSAL/RUAL), the world's largest aluminium producer, announces the restart of operations at its Ewarton Works in Jamaica.  The refinery is part of Windalco, which was mothballed in 2009 due to the global economic downturn. The total capacity of the Ewarton ...
  • 2010-07-23 10:16:07
    Izhorskiye Zavody ships shell equipment and upper reactor unit cover for the 4th power unit of Kalinin NPP
    Izhorskiye Zavody, a part of OMZ Group, has shipped shell equipment (tube, enclosure, protective pipe unit) and the upper reactor unit cover for the 4th power unit of Kalinin NPP, currently under construction. The equipment was ordered by OAO Nizhegorodskaya Engineering Company ...
  • 2010-07-22 10:46:49
    UMMC launched mining at Shemur deposit
    On Saturday, July 10th, the Governor of the Sverdlovsk oblast, Alexander Misharin, and General Director of Ural Mining and Metallurgical Company, Andrey Kozitsyn , gave start to copper ore mining at the Shemur deposit, which is located to the North of the Sverdlovsk oblast 40 km from the ...
  • 2010-07-22 10:40:17
    Gestamp and Gonvarri, in Joint Ventures with Severstal, create stamping and steel center facilities
    The Gestamp-Severstal-Kaluga Stamping Facility and the Severstal-Gonvarri-Kaluga Steel Center were commissioned in the industrial cluster of Grabtsevo, in the Kaluga Region.  The Severstal-Gonvarri-Kaluga Steel Services Center is designed to meet the demands of the automobile and ...
  • 2010-07-22 10:37:42
    Mechel announces commissioning new out-of-furnace steel processing equipment
    Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces commissioning the out-of-furnace steel processing equipment within the first stage of the arc-furnace melting shop #6 upgrade at Chelyabinsk Metallurgical Plant (CMP). The official commissioning ...
  • 2010-06-30 11:16:41
    KOKS disposal of nickel assets
    Following approval by the AGM on June 7, 2010, OJSC “KOKS” (“Company” or “KOKS”) has completed the disposal of the Company’s nickel assets. A 100% stake in ZAO PO “Rezhnikel” and 97.5% of the shares of OJSC “Ufanickel” were ...
  • 2010-06-30 11:08:34
    Big diameter pipes production capacities of Vyksa Steel Works reach 2Mt/y
    “United Metallurgical Company (OMK) is the biggest in Europe producer of big diameter pipes for main oil and gas pipelines’, reported I. Kolomeets, Marketing Director, OMK at 8th Metallurgical Summit. Big diameter pipes production capacities of Vyksa Steel Works (part of OMK) ...
  • 2010-06-30 10:34:55
    TMK Annual General Shareholders’ Meeting
    OAO «TMK» announces that the Annual General Meeting of the Company Shareholders was held in Moscow on June 22, 2010. Shareholders approved the annual report and financial statements for the 2009 financial year as well as elected the Board of Directors and the Audit ...
  • 2010-06-30 10:23:50
    Preliminary results of AGM of MMC Norilsk Nickel
    Annual General Meeting of shareholders (“AGM”) of OJSC MMC Norilsk Nickel (“MMC Norilsk Nickel” or “the Company”) took place in Moscow on June 28. General Director of MMC Norilsk Nickel Vladimir Strzhalkovsky in his presentation for shareholders ...
  • 2010-06-29 11:11:48
    ChTPZ Group increased tubes dispatch by 35% in January - May
    Chelyabinsk Pipe Rolling Plant and Pervouralsk New Pipe Plant (part of ChTPZ Group) dispatched 595.5k t of tubular products in January - May 2010 which is by 35% more as compared to the corresponding period of 2009 (440.9k t). Chelyabinsk Pipe Rolling Plant supplied 325.8k t of tubes in ...
  • 2010-06-29 10:43:02
    RUSAL intends to convene extraordinary general meeting of MMC Norilsk Nickel
    RUSAL, the world’s largest aluminium producer and owner of 25% shares of MMC Norilsk Nickel, intends to convene an extraordinary general meeting of MMC Norilsk Nickel following the announcement of the results of the elections to the Board of Directors of Norilsk Nickel. The outcome ...
  • 2010-06-28 12:02:14
    Successful ramp-up of Norilsk Nickel underground mine
    For the first time in the mine’s history, ore production at Severny-Gluboky mine of OJSC MMC Norilsk Nickel («Norilsk Nickel» or «the Company») was brought up to the rated capacity of 500 ktpm or 6 Mtpa. Located in the city of Zapolyarny (Murmansk Region), ...
  • 2010-06-28 11:54:53
    Seversky Tube Works melted 1 millionth ton of electric steel
    On June 25, 2010 Seversky Tube Works (part of TMK Group) melted 1 millionth ton of electric steel. Being one of the most contemporary complexes in Russia, the new electric steel melting complex has been designed and built with the application of the most up-to-date engineering developments. ...
  • 2010-06-25 13:24:16
    Metal-Expo has launched a Chinese version of the website
    Along with the English version of Metal-Expo official website which has existed for a few years already, earlier this year a German version of the website has been launched. Realizing a keen interest of different nationalities to Metal-Expo International Industrial Exhibition, the ...
  • 2010-06-25 11:18:19
    MMK has announced consolidated financial statements
    TARGET INVESTMENTS IN EFFECTIVE PRODUCTION AND COAL ASSETS ENABLE MMK TO DEMONSTRATE IMPRESSIVE GROWTH FROM THE BEGINNING OF 2010 …   Q1 2010 Q1 2009 +/- ...
  • 2010-06-25 11:14:58
    RUSAL announces structual changes
    UC RUSAL, (HKSE: 486, Euronext: RUSAL/RUAL), the world’s largest aluminium producer, announces structural changes in its marketing and sales division and the appointment of Steven Hodgson as International Sales Director. The Company has established a new International Sales ...
  • 2010-06-25 10:52:49
    Mechel announces establishing its representative office in Kemerovo City
    Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces establishing its official representative office in Kemerovo city. The registration procedure of Mechel OAO’s representative office in Kemerovo city was completed on June 11, 2010. The legal ...
  • 2010-06-24 10:33:05
    Moody's changes outlook of NLMK'S BA1 Raring to “POSITIVE” from “STABLE”.
    Moody's Investors Service has changed the outlook for NLMK's Ba1 corporate family rating and the outlook on NLMK's Aa1.ru national scale rating to “positive” from “stable”. This rating action reflects the fact that the company continues to demonstrate solid ...