Metallurgy news

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  • 2009-12-15 10:42:57
    Evraz repays US$800 million Vnesheconombank loan
    Evraz Group (LSE: EVR) ("Evraz" or the "Company") announces that it has repaid a US$800 million loan to Russia's State Corporation Bank for Development and Foreign Economic Affairs "Vnesheconombank” (VEB). The loan was provided to Evraz in December 2008 to ...
  • 2009-12-14 12:19:06
    NLMK begins a new environmental project in sinter production
    Novolipetsk Steel has begun a new environmental protection project at its sinter plant, aiming to reduce the environmental impact of the main production facility in Lipetsk. Environmental pollution will be reduced as a result of the advanced sintering process and the extra equipment ...
  • 2009-12-14 11:38:29
    Consumption of construction profiles by 2020 may reach 320 ths tons
    According to revised Strategy of Development of the Russian Steel Industry up to 2020 by the Ministry of Industry and Trade of the Russian Federation the demand for extruded profiles and flats for construction tends to grow (an annual growth in demand for aluminium profiles reaches 10-15%). ...
  • 2009-12-11 10:41:20
    Evras announces cancellation of notes
    Evraz Group S.A. (the "Company") notifies that it cancelled on 1 December 2009: • U.S.$144,100,000 in aggregate principal amount of the 2013 Notes (ISIN: XS0360055056); • U.S.$173,300,000 in aggregate principal amount of the 2015 Notes (ISIN: XS0234987153); and ...
  • 2009-12-11 10:38:08
    Mechel announces Tikhvin Smelting Plant getting Certificate of its compliance with ISO 9001:2008
    Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces that as a result of audit conducted by the company TUV SUD, Tikhvin Smelting Plant (TFZ JSC) obtained the certificate of compliance with the quality management system standard ISO 9001:2008. TFZ JSC is ...
  • 2009-12-10 10:34:29
    TMK Ships LD Pipes for BTS-2 and ESPO-2 Projects
    TMK, one of the world’s leading manufacturers of steel pipes for the oil and gas sector, announces that it began shipments of longitudinal welded large-diameter pipe to Transneft for the construction of the second phase of the Baltic Pipeline System (BTS-2). TMK will supply more ...
  • 2009-12-10 10:31:52
    RUSAL announces appointment of independent non-executive directors to the Board
    UC RUSAL, the world’s largest aluminium producer, announces the appointment of Ms Elsie Leung Oi-Sie, GBM, JP and Mr Barry Cheung Chun-Yuen, JP as independent non-executive directors to its Board of Directors. Ms Elsie Leung Oi-Sie, GBM, JP, was formerly Secretary for Justice and a ...
  • 2009-12-10 10:30:35
    NLMK establishes new long products management company
    NLMK has established a new subsidiary, LLC NLMK-Long Products, to enhance the management of its long products business. The newly established company will function as the managing company for NLMK’s steel companies which specialize in the production of long products and metal-ware, ...
  • 2009-12-09 12:31:03
    Production structure of the non-ferrous industry expects changes
    Taking into account the affect of global economic and financial recession on production, rate of development, and the state of things in the Russian and world steel industry the Ministry of Industry and Trade of the Russian Federation has adopted the Strategy of Development of the Steel ...
  • 2009-12-09 11:23:11
    Flats share in the total rolled products output will grow from 54.7% in 2007 to 58% in 2015 and 62% in 2020
    By the end of 2011 the share of steel made in electric furnaces will reach 32.4%, 33.9% in 2015, and 39% in 2020; in converters: 58.7% in 2011, 61.6% in 2015, and 61.0% in 2020. Blast furnace plants will be totally eliminated in the ferrous industry. However, they may be retained at some ...
  • 2009-12-08 11:06:57
    5% import duties on some types of hot-rolled products have been imposed
    By its decree # 986 dated 3 December, 2009 the Russian government has imposed 5% import duties on some types of cold-rolled products, Rossiyskaya Gazeta reports. The document becomes operative after one month from the date of its official promulgation. Equal import duties will be imposed ...
  • 2009-12-08 10:39:00
    Results of consent solicitation
    Evraz Group S.A. (LSE:EVR) ("Evraz" or the "Company") formally announced on 7 December that it has successfully concluded its consent solicitation ("Consent Solicitation") with respect to its 2013 Notes, 2015 Notes and 2018 Notes (the "Notes"). The ...
  • 2009-12-07 10:53:22
    RUSAL signs comprehensive debt restructuring deal
    Moscow, 3 December 2009 - UC RUSAL, the world’s largest aluminium and alumina producer, announces that the company has signed all the necessary documents on the comprehensive restructuring of its debt of USD 16.8 bln. The signing of the restructuring deal reinforces the competitive ...
  • 2009-12-07 10:47:04
    NLMK closes order book on the installment of its bond issuance program
    Novolipetsk Steel (LSE: NLMK), a leading Russian steel company, is pleased to announced that it has closed the order book on the installment of the company’s bond issuance program (series БО-01). The issue has a total value of RUR5 billion with a nominal value of RUR1,000 per bond and a ...
  • 2009-12-07 10:01:00
    MMK phases in new high strength steel grades for automotive sector
    MMK's Rolling Shop # 5 produced and shipped to AVTOVAZ a trial lot of cold rolled strip from rephosphorized steel. MMK is consistently working on expanding its product range through diversifying into new steel grades, especially high strength grades. In November MMK's Rolling Shop # ...
  • 2009-12-04 12:09:04
    Severstal steel-making facilities to consolidate purchases
    Results of the consolidated tender for purchase of graphitized electrodes for Severstal steel-making-facilities including CherMK, Lucchini (Italy), and SNA (USA) have been summed up. According to I. Nechaev, Commercial Director, Cherepovets Iron and Steel Works, due to the consolidated ...
  • 2009-12-04 10:50:02
    KUMZ to raise output of main types of products
    Kamensk-Uralsky Metallurgical Works (KUMZ) has cast up results of its November production program. In November commercial products output grew as compared to the corresponding period in 2008, and October 2009 by 24.6% and 6.4% respectively in money terms and by 43.3 % and 3.1% respectively in ...
  • 2009-12-04 10:33:49
    In 2010 Metal-Expo will grow due to big exposition of steel structures manufacturers
    A workshop of the Organizing Committee of Metal-Expo’2010 International Industrial Exhibition with participation of unions and associations of the construction, steel, and machine-building sectors as well as scientific and research institutions was held in Moscow. The Organizing ...
  • 2009-12-03 11:52:34
    Izhorky Zavody to confirm compliance of quality management system with ISO 9001-2008
    Quality Management System of Izhorsky Zavody (part of OMZ Group) was re-certified for compliance with new version of ISO 9001-2008 in November 2009. The auditing was carried out by Bureau Veritas Certification and included all the divisions, processes, and Quality Management System ...
  • 2009-12-03 11:27:29
    Changes to European senior management team
    The Board of Lucchini Group, the European segment of Severstal International have announced that they have approved the nomination of Marcello Calcagni to become Chief Executive Officer of Lucchini Group, with effect from January 1, 2010. Marcello Calcagni joined Lucchini Group as Director of ...
  • 2009-12-03 10:36:46
    RUSAL VAMI signs agreement with Power Machines Company on engineering services for new plant
    St. Petersburg, 2 December 2009 – RUSAL, the world’s largest producer of alumina and aluminium, is pleased to announce the signing of an agreement between RUSAL VAMI, RUSAL’s in-house engineering institute, and Power Machines Company, a Russian industrial equipment ...
  • 2009-12-02 18:45:00
    Russian Nine-Month Steel Output Surpasses U.S., Ministry Says
    Russia surpassed the U.S. to become the world’s third-largest steel producer in the first nine months of the year, said Viktor Semenov, a department head at the Industry and Trade Ministry in Moscow. Russian produced 41.7 million metric tons of steel in the period, versus 40 million ...
  • 2009-12-02 10:42:24
    TMK large-diameter shipments to Gazprom
    TMK, one of the world’s leading producers of pipes for the oil and gas industry, announces today that it began shipments of large-diameter pipe to Gazprom for the construction of the Pochinki-Gryazovets pipeline. Shipments for the Pochinki-Gryazovets will run from December 2009 to ...
  • 2009-12-02 10:35:36
    Mechel announces three year prolongation of VTB Bank loan
    Mechel OAO, one of the leading Russian mining and metals companies, announces agreement with VTB Bank about 3 year prolongation of the 15 billion rubles loan given to Mechel in 2008. At the end of 2008 VTB Bank opened credit lines totaling 15 billion rubles to Mechel’s subsidiaries ...
  • 2009-12-01 11:17:43
    Severstal to launch production of the biggest wire ropes in the world
    Radaelli, an Italian company incorporated in Severstal-Metiz Group of Companies has commissioned a Flexpack wire ropes manufacture line on its facilities in Trieste, Italy. The technical specifications of the wire ropes include an improved endurance and the biggest loading capacity in the ...
  • 2009-12-01 10:01:00
    Mechel to commission new equipment at its Mechel Campia Turzii subsidiary
    Campia Turzii, Romania, one of the leading Russian mining and metals companies, announces completion of several investment projects at Mechel Campia Turzii plant (Romania, Campia Turzii), which is a part of Mechel OAO’s East-European Steel Division. The official commissioning of ...
  • 2009-11-30 12:38:43
    Renaissance Capital to publish Russian and the CIS metal and steel market analysis in 4Q09.
    Today Renaissance Capital has published an analytical report on the Russian and the CIS metal and steel markets in 4Q09 and given forecasts for 1Q10 revising stock quotations of the major players in the market as per industry sectors. To download the full report, please click here ...
  • 2009-11-30 11:11:04
    MMK to begin overhaul of blast-furnace 2
    An overhaul of the first unit of blast-furnace 2 began at Magnitogorsk Iron and Steel Works. The overhaul aims at modernization of the main facilities and raising technical and economic characteristics of the blast-furnace plant. According to the schedule the overhauls will last 110 days. ...
  • 2009-11-30 10:00:00
    Norilsk Nickel wins quality award of the Russian Government
    An official Quality Awards Ceremony was held in the Awarding Hall of the Russian Government House on 24 November. The Government highly appreciated MMC Norilsk Nickel’s performance in 2008 and awarded the Company for its significant results in the field of quality of products and ...
  • 2009-11-27 13:22:39
    KUMZ to continue investing in its facilities
    “Russian market is a top priority to Kamensk-Uralsky Metallurgical Works“, stated A. Skornyakov, Vice-President, Aluminium Products Management Company at Russian Metal and Steel Market Conference in Moscow. According to him, this year’s aluminium semi-finished products ...
  • 2009-11-27 12:15:32
    Evraz plans to dispatch to its North American tubular mills up to 400 ths tons of slabs a year
    In his interview to Prime-TASS D. Sotnikov, Vice-President of Evraz Group, Head of Ural Division said that the company planned to dispatch to its North American tubular mills up to 400 ths of slabs a year from Nizhny Tagil Iron and Steel Works. According to him, today Nizhny Tagil Iron and ...
  • 2009-11-27 11:34:27
    Raspadskaya and Belon to buy new deposits
    Right to develop 2 coal deposits was put up for auction in Kemerovo. According to Federal Agency for Natural Deposits Development of the Russian Federation the license to develop Raspadskaya-3 Mine, a coal deposit located 13 km to the North of Mezhdurechensk was bought by Raspadskaya, JSC for ...
  • 2009-11-26 19:19:21
    Centravis took part in big industrial exhibitions: Metal-Expo in Russia and Stainless Steel World in Netherlands
    International Holding Centravis participated simultaneously in two industrial exhibitions: Metal-Expo and Stainless Steel World. In Russia partners of Centravis paid the highest interest to the new products of the company and duty introduction, in Netherlands — production achievements ...
  • 2009-11-26 11:21:14
    EVRAZ plans on doubling pitch coke production at Nizhny Tagil Iron and Steel Works
    According to Ural, regional center for corporate relations Evraz Group plans on increasing production of pitch coke at Nizny Tagil Iron and Steel Works almost twice to 4.5 ths tons a month. As part of the project, a general overhaul of the second furnace plant is planned for 2010. Reportedly, ...
  • 2009-11-26 10:42:45
    Severstal and SAP announce long-term partnership
    Severstal launches an ERP (Enterprise Resource Planning) project across the company to implement SAP software. As part of the partnership programme a €15.6 million contract has been signed. A fully functional ERP solution is planned to be rolled out over the next 24 months. ...
  • 2009-11-25 17:09:47
    TMK Ships Premium Connections to Lukoil
    TMK, one of the world’s leading producers of steel pipes for the oil and gas industry, today announces that it began shipments of TMK GF and TMK FMC premium connections to Lukoil. The shipments are carried out by TMK Premium Service in conjunction with a cooperation agreement ...
  • 2009-11-25 12:41:59
    Norilsk Nickel plans to increase manufacture and to reduce emissions
    The next two years it is planned to increase extraction of ore and thus considerably to reduce emissions, the general director of "Norilsk nickel" Vladimir Strzhalkovsky during visit to Polar which is on border with Norway and where there are company enterprises has declared. ...
  • 2009-11-25 11:52:33
    Iran and Vietnam to increase bulk buying of MMK flats
    According to customs statistics in October 2009 exports of Russian unalloyed steel flats dropped by 14.8% reaching 632.4 thnd tons as compared to September 2009. However, MMK exports to Iran which account for the main MMK exports share have grown by 9.98% to 191.3 thnd tons; exports to ...
  • 2009-11-24 16:40:22
    Mechel commissions new steel processing facility at Chelyabinsk Metallurgical Plant
    Mechel OAO, one of the leading Russian mining and metals companies, announces that the official ceremony was held today which was dedicated to the commissioning of the integrated steel processing facility (ladle furnace) # 3 that is the second technological part of the continuous casting ...
  • 2009-11-24 11:18:30
    Uralelectromed to pass Auditing of Quality Management System
    Uralelectromed a plant incorporated in UMMC has successfully passed an inspection auditing of quality management system for compliance with ISO 9001:2000. The auditing results final report reads that the quality management system enables Uralelectromed ensure high quality of products ...
  • 2009-11-24 10:54:28
    TMK participated in the Russian National Exhibition in the USA
    TMK, one of the leading world pipe and tube manufacturers and the largest in Russia, participated in the Russian National Exhibition held November 18 – 21 in Chicago (USA). The exhibition coincides with the 200-th anniversary of the establishment of diplomatic relations between ...
  • 2009-11-23 18:31:44
    Transfer of the CZP Shareholders’ Register
    JSC Chelyabinsk Zinc Plant (CZP) announces that, with effect from Today, 23 November 2009, it is terminating the appointment of its current shareholders’ registrar, Closed Joint-Stock Company “Registrar Intraco”, and appointing as its replacement Closed Joint-Stock Company ...
  • 2009-11-23 10:35:14
    MMK announces results of its RUR 5 bln bonds placement at MICEX
    On November 19, 2009 MMK placed its RUR 5 bln bonds with the maturity period of 1092 days (3 years), 1-year offer and the coupon period of 182 days. The coupon rate was set based on the results of a coupon rate tender held at MICEX. The total value of demand from investors equaled to RUR ...
  • 2009-11-20 10:34:43
    Severstal announces Q3 and 9M 2009 financial results
    Decisive management action in improved markets Financial Results for the three months and nine months ended 30 September 2009 ($ million unless otherwise stated)   Q3 2009 Q2 2009 9m 2009 9m 20084 ...
  • 2009-11-19 10:45:18
    Mechel placed stock bonds of BO-01 series at a sum of 5 billion roubles
    Mechel OAO, one of the leading Russian mining and metals companies, announces about placing its stock bonds. On the 13th of November 2009 Mechel OAO completed initial placement of its stock secured non-convertible interest-bearing documentary bonds of BO-01 series with an obligatory ...
  • 2009-11-18 11:15:55
    RUSAL and FGC UES sign agreement to ensure safe operations of Siberian energy network
    UC RUSAL, the world’s largest aluminium and alumina producer, and the Russian Federal Grid Company of Unified Energy System (FGC UES) announced the signing of an agreement to ensure safe operations of the energy network in Siberia when the Sayano-Shushenskaya HPP is decommissioned. ...
  • 2009-11-18 11:00:30
    MMK Atakas closed financing for integrated flat steel making complex in Turkey
    MMK ATAKAS METALURJI SANAYI, TICARET VE LIMAN ISLETMECILIGI A.S (MMK Atakas), a Turkish project company, closed the long term financing for the construction of its integrated flat steel making complex and related infrastructure facilities in Turkey (the “Project”). Designed ...
  • 2009-11-17 10:44:54
    Vladimir Strzhalkovsky was elected Chairman of Business Council for Cooperation with Indonesia
    An inaugural meeting of the Business Council for Cooperation with Indonesia was held today in the Chamber of Commerce and Industry of the Russian Federation (CCI RF). General Director and Chairman of the Management Board of MMC Norilsk Nickel Mr. Vladimir Strzhalkovsky was unanimously elected ...
  • 2009-11-17 10:12:12
    Mechel has participated in Metal Expo’2009 Annual Exhibition
    Mechel OAO has participated the 15th Metal Expo’ 2009 international industrial exhibition that was held at the Crocus Expo International Exhibition Center November 10th to 13th, 2009. 500 organizations from twenty-five countries worldwide were featured at Metal Expo’ 2009 ...
  • 2009-11-16 16:58:12
    Exhibitors of Metal-Expo’2009 have held presentations of their products
    On November 13 Metal-Expo’2009, 15 th International Industrial Exhibition officially closed.  500 companies from 25 countries participated in the fair. 2.7 thd professionals worked at stands during the exhibition and 18.5 thd specialists in different industries visited the show. ...