2010-03-26 13:28:01 NLMK expands range at new Kaluga billet plant
Russia's Novolipetsk Steel has expanded the range of billet to be produced at its new Kaluga steelworks, according to press-service of general contractor Siemens VAI.
In addition to the original 8-strand caster to produce 125x125mm billets, additional equipement wll be supplied, enabling ...
2010-03-25 13:11:32 Evraz Priced 15 Billion Rouble Bond Issue
Evraz Group S.A. (“Evraz”) has priced a 15 billion 3-year rouble bond (approx. US$500 million) at a coupon rate of 9.25% per annum.
According to press-service, the bonds are issued by Evraz’s subsidiary, OOO EvrazHolding Finance. The closing and settlement is expected ...
2010-03-24 13:49:27 TMK Upgrades ADR Listing to OTCQX
TMK American Depositary Receipts (ADRs) have been listed on the OTC trading platform in the United States, according to press-service of TMK.
Each TMK ADR, representing four ordinary shares, will trade on the OTCQX International Premier trading platform, the OTC market’s highest ...
2010-03-23 17:22:05 NLMK commissions high-capacity ladle furnace
Novolipetsk Steel (NLMK) has commissioned a high-capacity 4 mtpa ladle furnace that will enable the company to produce new steel grades for automotive, white goods and electrical engineering applications, according to press-service of NLMK.
The project is being implemented in ...
2010-03-22 14:55:23 TMK ships large diameter seamless tubes for gas pile line
TMK, one of the world’s largest oil and gas pipe producers and the market leader of the Russian pipe industry, has began to ship large diameter seamless tubes to Gazprom for construction of gas pipe line Sakhalin-Chabarovsk-Vladivostok.
The March 2010 shipment's volume is about ...
2010-03-22 10:47:00 Rusal wins appeal in Friguia case in guienan court
Guinean appellate court ruled in the company’s favor on its appeal regarding the bauxite and alumina complex Friguia, according to Rusal's press-service.
The appellate court held that the Guinean courts lack jurisdiction over the case regarding the Rusal’s asset in Guinea and ...
2010-03-17 16:40:39 NLMK completes environmental project in steelmaking operations
Novolipetsk Steel has embarked on the final stage of reconstructing the gas exhaust ducts at BOF Shop No.1 - one of the key ecological projects at its main production site in Lipetsk, reports the press-service of NLMK.
The procject is aimed at improving operational reliability and ...
2010-03-16 18:34:13 Mechel placed commercial papers at a sum of RUB 5 bn
Mechel completed placement of its interest-bearing commercial papers of BO-02 series with an obligatory centralized custody (ID serial number 4B02-02-55005-E of 05.02.2009) at MICEX Stock Exchange ZAO, reported the press-service of Mechel.
Placement was performed by public subscription ...
2010-03-15 10:58:02 VEB will examine a bid to finance modernization of Chusovoy Steel Works
According to the press-service of the Perm region administration, Vnesheconombank (VEB) will examine a bid to finance modernization of Chusovoy Steel Works
(part of United Metallurgical Company, OMK). Modernization is expected to cost 15bn rubles. The project includes: construction of an ...
2010-03-11 16:46:38 Accident at Chelyabinsk Metallurgical Plant has divested it of coking coal
According to Mechel press-service on March, 11 at 9.30 a.m. local time (7.30 a.m. Moscow time) in the coke shop #2 of Mechel-Coke OOO planned steam-cleaning operations for a gas pipe line of recycling coke gas were implemented. At 10.20 a.m. in the tunnel of the coke oven battery #8 machine ...
2010-03-10 12:45:13 NkaZ restarts production capacities and increases output by 10% in 2010
Production capacities at Site #1 of the Novokuznetsk aluminium smelter (NkAZ, a part of UC Rusal) , which were suspended in March 2009 as part of the anti-crisis Cost Efficiency Leader programme, are restarted. Site #1 has already brought back online 183 pots, with a total of 264 pots ...
2010-03-09 10:51:44 Severstal reports 2009 earnings
OAO Severstal, one of the world’s leading steel and mining companies, with key assets in Russia, the US and Europe has posted today results for 12 months ended 31 December 2009.
Revenue decreased to $13,054 million from $22,393 (FY2008)million because of market conditions, ...
2010-03-05 11:37:16 NLMK to issue 10 year bonds with the total value of RUB 50 bn
Novolipetsk Steel (LSE: NLMK) Board of Directors took a decision to launch the ruble corporate bond program series 01-06 with a maturity of 10 years. The total value of the program is RUB 50 bn. The Board also approved the decision to issue the bonds and the Prospectus of 01-06 series bond ...
2010-03-04 16:27:38 Severstal acquires the Lucchini family’s stake in Lucchini SpA
Severstal acquires the Lucchini familil’s stake in Lucchini SpA
OAO Severstal (LSE: SVST; RTS: CHMF), one of the world’s leading steel and mining companies, with key assets in Russia, the US and Europe, and the Lucchini family announced that Severstal had acquired the ...
2010-03-03 17:52:49 UGMK invests in development of SUMZ rub 1 bn
Investment program of UGMK on development of SUMZ (Sredneuralsky Copper Smelter, part of UGMK) will exceed rub 1 bn (approximately $33 ml), said UGMK Director General Andrey Kozitsyn at meeting with employees of the smelter.
Accordingly to Kozitsyn, the majority of the funds will be ...
2010-03-03 10:58:29 Standard & Poor’s changes NLMK’s outlook rating to “stable”
Standard & Poor’s, the international rating agency, has raised its outlook for NLMK's BBB- corporate rating from “negative” to “stable” and revised its national scale rating from ruAA+ to ruAAA, reported press-service of NLMK.
Standard & Poor's also ...
2010-03-03 10:53:15 Standard & Poor’s changes NLMK’s outlook rating to “stable”
Standard & Poor’s, the international rating agency, has raised its outlook for NLMK's BBB- corporate rating from “negative” to “stable” and revised its national scale rating from ruAA+ to ruAAA, reports the press-service of NLMK.
Standard & Poor's also ...
2010-03-02 18:55:20 Evraz wins licence to develop Meshegey coal deposit
Evraz Group won the tender to develop Meshegey coal deposit in the Republik Tyva, Russia. Evraz offered rub 950 ml (approximately $32ml) in tender held by Rusian State Mineral Resouces Agency. The relevant licence is expected to be received within months, reported the press-service.
The ...
2010-03-02 18:08:54 UGMK invests around rub 1 bn in development of Shemur deposit
UGMK (Ural Mining and Metallurgical Company) will invest 1 bn rub in development of Shemur copper ore deposit. The first deliveries of ore to combine Svyatogor (a part of UGMK) are planned for summer 2010.
Andrey Kozitsyn, General Director UGMK told: “World markets have revived, the ...
2010-03-01 17:54:37 Norilsk Nickel signes contract for construction of arctic tanker
In accordance with the decision made by its Management Board, OJSC MMC Norilsk Nickel (hereinafter – MMC Norilsk Nickel or the Company) has signed a contract with German Nordic Yards Holding GmbH (hereinafter - Nordic Yards) to build an Arctic-class tanker Arc7. The vessel is expected ...
2010-03-01 12:07:16 Appointment of head Engineering and Construction Division of UC Rusal
UC Rusal has announced today the appointment of Andrey Volvenkin as the head of the Engineering and Construction Division.
Andrey Volvenkin has held various executive positions at RUSAL. From 2003 to 2005 he worked as General Director of RUSAL’s in-house Service Centre. From 2005 he ...
2010-02-27 17:21:17 Uralelectromed increases producing of refined copper
Uralelectromed is going to increase producing of refined copper this year.“It is scheduled to manufacture up to 355 thousand tones of refined copper. Accordingly supplies of raw materials are planned in extended range. There is the task to increase the production of copper”, - ...
2010-02-27 10:27:47 Appointment of CEO PBS Coals Inc
PBS Coals Inc., a leading provider of metallurgical and steam coals and a subsidiary of Severstal Resources, the mining division of OAO Severstal, announced that it had appointed Lynn Shanks as CEO of PBS Coals effective from 18 February 2010.
Prior to joining PBS Coals, Mr. Shanks served ...
2010-02-27 10:23:57 Production of nickel ore in Russia increased
Production of nickel ore in Russia increased by 6,2% in January 2010 as compared to December 2009, reported Federal State Statistics Service . An increasing amounted to 19,1% last month as compared to January 2009.
Production of nickel decreased by 11% last month as compared to December ...
2010-02-26 10:56:23 MMK increases salary for employees
CEO of MMK Viktor Rashnikov has signed the order about the indexing salaries for employees of the Magnitogorsk Iron and Steel Works (MMK).
Increasing of salaries will start from March 1. It is fulfilled under the approved program of growth of salaries for employees of MMK. In 2010 ...
2010-02-25 19:04:47 OMK gets after two streams
United Metallurgical Company (OMK) plans to take part in pipe’s delivery for construction gas pipeline “South Stream”, said CEO of OMK Vladimir Markin during the signing of contract with Nord Stream.
“OMK may be proud that it entered the league of world leader ...
2010-02-25 14:26:18 Production of copper rod is launched in the Sverdlovsk-region
Today in Kamensk-Ural (Sverdlovsk region) have been held the official launch of production of copper rod for manufacture of electrical products with a diameter of 1,50 mm and above.
The output of the new enterprise amounts to 18 thousand tonnes of copper rod per year (or 1.5 tonnes per ...
2010-02-25 10:53:23 In January 2010 ChTPZ Group increased its shipments of pipes by 41%
In January 2010, the enterprises of ChTPZ Group - ChTPZ and PNTZ - shipped to consumers 95,8 thousand tons of pipes. It is by 40,9% more than in the same period 2009 (27.8 tonnes), reported the press-service of the company.
In January 2010, Chelyabinsk Tube-Rolling Works sold 52,7 thousand ...
2010-02-24 17:22:49 Norilsk Nickel will reduce production of copper in Russia
In 2009 Norilsk Nickel reduced revenues by almost 18% (in rubles), but showed a profit of $ 2 billion. Vladimir Strzhalkovsky, General Director of MMC Norilsk Nickel explained in an interview to "Kommersant" that the situation rapidly improved because of the conditions of the main ...
2010-02-24 13:36:35 The Russian Government supports the introduction of duties for import of bearing pipes from China
First Deputy Prime Minister of the Russian Government Viktor Zubkov chaired a meeting of the Subcommission of the Government of Russia on customs tariff and nontariff regulation, protective measures in foreign trade. Reportedly the press-service of the Government the members of the meeting ...
2010-02-24 10:36:37 UC Rusal reduced the production of aluminum in 2009 by 11% - to 3.9 million tonnes
UC Rusal reduced the production of aluminum in 2009 to 3.9 million tonnes by 11% compared to 2008. It is stated in the company's announcement. Alumina output decreased by 36% and amounted to 7.3 million tonnes. Following weakened demand, bauxite production was reduced by 41% to 11.3 million ...
2010-02-19 17:55:43 The domestic market of Russia remains important for Norilsk Nickel
The domestic market remains important for MMC Norilsk Nickel",said Victor Sprogis, Deputy Director General, Norilsk Nickel during the VII Krasnoyarsk Economic Forum.
"Russian market still remains a top priority to us in the entire product range. The copper consumption in ...
2010-02-19 17:27:52 MMK commissions secondary steel treatment complex to complete Mill 5000 technological chain
Today MMK commissioned the Secondary Steel Treatment Complex at the Oxygen Converter Shop.
The state-of-the-art high-tech complex is a part of the technological process for production of highly competitive products, meeting international standards. In particular, the treated steel will ...
2010-02-17 18:11:48 West Siberian Steel Plant mastered production of more than 30 new steel grades
West Siberian Steel Plant mastered production of more than 30 new steel grades for export in 2009. Specialists have developed technology of production of new carbon steel grades with higher strength and resistance to corrosion. The chemical composition is achieved by alloying of various ...
2010-02-17 18:04:53 Rusal builds a smelter in the Saratov region Russia
At his press conference in February this year Alexander Zhandarov, Chairman of the Government of the Saratov region said that Rusal was in the middle of construction of it’s smelter in the Balakovo region. The new legal has been registered, land for the construction has been allocated ...
2010-02-17 10:43:19 VSMPO-AVISMA has extended long-term supply agreement with Snecma
PSC “VSMPO-AVISMA Corporation” announced that it has extended the forging supply agreement with Snecma, a Safran group company, for another long-term period. The agreement, effective as of January 2010 provides for VSMPO-AVISMA Corporation to supply titanium forgings to Snecma for ...
2010-02-17 10:35:59 OMK to supply pipes for Nord Stream's second link
United Metallurgical Company (OMK) has become Russia's only supplier of pipes for the construction of the second link of the Nord Stream gas pipeline on the bed of the Baltic Sea from Russia to Germany. OMK obtained 25% of the contract. The remaining part will be shared by European company ...
2010-02-16 11:29:04 Norilsk Nickel will invest in raw materials supply
Reportedly, in 2010 Norilsk Nickel will focus on investing in raw materials supplies.
“The main task of Zapolyarny Brach today is development of raw materials supplies. The total of about 24B rubles will be invested in the production of Zapolyarny Brach in 2010. 60% of this amount ...
2010-02-15 10:20:37 Severstal acquires a stake in Crew Gold
OAO Severstal (LSE: SVST; RT CHMF) acquired, through its subsidiary Bluecone Limited, 335,961,241 common shares in Crew Gold Corporation (“Crew Gold”) at a price of NOK 0.90 (CDN$0.16) per share.
The securities acquired represent ownership and control of approximately 15.71% ...
2010-02-15 10:17:44 Decisions of MMK board of directors
On February 12, 2010 the Board of Directors of MMK decided on the date of the annual general shareholders' meeting - May 21, 2010.
It also approved ZAO “Status” as Company’s registrar.
The Board approved of the following agenda for the General Shareholders' meeting:
1. ...
2010-02-12 11:14:51 KUMZ increased output in January 2010
Kamensk-Uralsky Metallurgical Works (KUMZ) announced operational results of its January production program. Output of commercial products grew in money terms 2.6 times, in tonnage 2.85 times as compared to January 2009. Supplies volume grew 2.58 times.
A considerable increase in output of ...
2010-02-12 10:59:38 Experts believe steel and iron ore prices will rise in 2010
According to IFC Metropol forecasts steel demand in the domestic market will rise to 3.5—3.7M tons in month by QIII 2010 (15-20% against the average level of 2009). World steel price will rise in I half of 2010 to approx $600—650 per a ton (hot-rolled coils) and may grow to ...
2010-02-11 11:20:25 Regional Metal and Steel Trading Conference to open in St. Petersburg
Regional Metal and Steel Trading’2010, 3d All-Russian Conference organized by Metal Supply and Sales has opened today in St. Petersburg. The conference has gathered together more than 100 top managers and specialists from 60 steel producing and trading companies.
The conference will ...
2010-02-11 11:01:17 Experts report MMK’s project is in compliance with Kyoto Protocol
Magnitogorsk Iron and Steel Works (MMK) has announced a successful passing of an independent expertise (determination) of its project “Mastering of Electric Steel-Melting Method at MMK” for compliance with Kyoto Protocol. The total reduction of greenhouse gasses emission in the ...
2010-02-10 11:04:14 Mechel to buy new facilities in Romania
Reportedly, Mechel Group is closing a deal on buying Laminorul Braila a steel-making plant in Romania for $20M. This will allow extending the range of products of the Group. Laminorul was established in 1923. The plant is the only Romanian enterprise producing bulb bars for ship-building ...
2010-02-09 10:46:37 MMK continues building of out-of-furnace steel treatment complex
Round the clock building of out-of-furnace steel treatment complex, part of plates rolling complex continues in the oxygen-converter plant, Magnitogorsk Iron and Steel Works. At the end of January testing of furnace-ladle unit was performed. Now SMS-Mevac GmbH contract supervisors perform ...
2010-02-09 10:11:51 OMZ’s Izhorskiye Zavody completes production of four coolant reservoirs for Belene NPP
Izhorskiye Zavody, part of OMZ Group completed the manufacture of 4 coolant reservoirs designed for steam generators for Belene NPP in Bulgaria.
Commission composed of representatives of Bezopasnost Federal State Unitary Enterprise, CJSC Atomstroyexport, JSC Atomenergoprom, the National ...