Metallurgy news

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  • 2009-05-12 12:48:45
    MMC Norilsk Nickel announced preliminary consolidated production results for 1st quarter 2009
    Norilsk Nickel announced preliminary consolidated production results for the first quarter of 2009 at its Polar and Kola Divisions in Russia and international operations in Finland, Australia, Botswana and South Africa. Overall saleable nickel production in the first quarter of 2009 amounted ...
  • 2009-05-12 12:10:37
    Mechel's coking coal output falls 76.3%
    Products Q1 2009, thousand tn Q1 2009 as compared to Q1 2008, % Coal 3,425 -52.9   Coking Coal 1,022 -76.3   Steam Coal 2,403 -19 Coal concentrate* 2,207 -46.5   Coking ...
  • 2009-05-12 11:34:27
    Chelyabinsk Zinc Plant Announces 2008 IFRS Results
    Chelyabinsk Zinc Plant announces its IFRS financial results for the full year ended December 31, 2008.
  • 2009-05-12 11:08:19
    OMZ 2008 annual IFRS audited financial statements
    Nuclear Equipment business grew 24% y-o-y to reach $ 318.3 mln. Revenues in the Specialty Steel segment (production of semi-finished metallurgical products for machine building and other sectors) increased 22% to reach $ 662.5 mln. Sales of Mining Equipment and Services grew 21% and reached $ ...
  • 2009-05-08 10:16:43
    Evraz Vitkovice Steel Signed Long Term Agreement
    Evraz Group announced that its subsidiary in Czech Republic, Evraz Vitkovice Steel, signed a long-term agreement with ArcelorMittal Ostrava. This agreement guarantees supply of liquid pig iron from ArcelorMittal Ostrava to the steelmaking facilities of Evraz Vitkovice Steel. “This ...
  • 2009-05-05 10:41:49
    Q1 2009 RAS Financial Results for NLMK Group’s major companies
    Novolipetsk Steel announced Q1 2009 Russian Accounting Standards (RAS) financial results for its major companies.
  • 2009-05-05 10:20:40
    MMK announces its consolidated financial results according to IAS for FY2008
    INCOME STATEMENT KEY FINANCIAL HIGHLIGHTS (USD BILLION)   2008 2007 +/- Sales 10.550 8.197 29% EBITDA ** 2.204 2.407 -8% EBITDA margin 20 . 9% 29 . 4% - Earnings for the period 1.081 1.306 ...
  • 2009-05-04 10:36:13
    TMK announced 2008 IFRS consolidated results
    TMK announces its IFRS audited consolidated results for the full year 2008.
  • 2009-04-24 04:05:37
    Rusal cut Q1 Al output by 7.2% to save cash
    Troubled aluminium producer United Co Rusal reduced production by 7.2% in the first quarter of the year compared with the corresponding period of last year as part of a cost-cutting programme. It also cut alumina output by 25% to 2.1 mln tn and bauxite production by 34% in response to poor ...
  • 2009-04-23 14:13:53
    Potanin sold part of Norilsk stake under deal with Deripaska
     Vladimir Potanin sold a 5% stake in Norilsk Nickel as part of an agreement with Oleg Deripaska’s United Co Rusal, which stipulated that both companies hold the same amount of shares, a source familiar with the situation told MB. Potanin owns a 25% plus one share in ...
  • 2009-04-23 13:50:52
    Mechel Announces Definitive Agreement to Acquire Coking Coal Assets of Bluestone Coal Corp.
    Mechel announced that its subsidiaries have signed a definitive agreement to acquire 100% shares and interests of U.S. entities Bluestone Industries, Inc., a West Virginia corporation, Dynamic Energy, Inc., a West Virginia corporation, JCJ Coal Group, LLC, a Delaware limited liability company ...
  • 2009-04-22 15:54:13
    MMK announces its Q1 2009 financial results under Russian Accounting Standards (RAS)
    The results reflect MMK operations only and do not relate to subsidiaries or affiliated companies. Key Q1 2009 operational highlights ·         Crude steel output 2.1 mt (+25.6% to Q4 2008) ...
  • 2009-04-22 14:04:58
    Mechel continues implementation of its cement production project
    Mechel  announces obtaining of decision from OeKB Austrian insurance agency to issue insurance coverage for the credit agreement which is to be made to finance the contract between Mechel’s subsidiary, Mechel Materials, and FMW of Austria. The contracts are prepared as part of ...
  • 2009-04-21 13:24:50
    OMZ’s Izhorskiye Zavody Ships Steam Generator Frame for Novovoronezh-2 Nuclear Power Generating Unit
    MOSCOW – Izhorskiye Zavody, a part of OMZ (Uralmash-Izhora Group) (RTS: OMZZ; LSE: OMZD; OTC: UHMVY), announced today that it has shipped the frame for a steam generator at the first power generating unit of Novovoronezh-2 Nuclear Power Plant. The project is part of the Federal Target ...
  • 2009-04-20 10:57:40
    Rusal proposes production cut to put Boguchansk onstream
    United Co Rusal plans to cut 500,000 tpy of aluminium production elsewhere to support the launch of two smelters in Siberia and generate interest in the Boguchansk hydro power plant. Rusal has made a proposal to the Russian government about cutting production at other smelters to bring new ...
  • 2009-04-17 12:05:55
    Trading update for Q1 2009
    Novolipetsk Steel today announces the following regular trading update for Q1 2009. Production :   - Crude steel: 2.1 mln tn (+21% quarter-on-quarter)   - Finished products: 2.2 mln tn (+26% quarter-on-quarter) Sales :   - Total sales: 1.95 mln tn (+4% quarter-on-quarter), ...
  • 2009-04-16 10:19:02
    MMK Announces Operational Trading Update for Q1 2009
    I. Major products output Production Q1 2009 Q4 2008   Q1 2009 Q1 2008   ‘000 tn ‘000 tn % ‘000 tn ‘000 tn % Cast iron 1 592 1 205 32,1% 1 592 2 613 -39,1% Crude steel 2 070 ...
  • 2009-04-15 14:59:45
    TMK: 2009 First Quarter Production Results
     TMK today announces its production results for the period from 1 st January to 31 st March 2009. For the first three months of 2009, TMK shipped 581 thousand tonnes of pipes to customers, a 17.8% decrease on the amount shipped in the same period last year. Volumes of shipped pipe ...
  • 2009-04-15 07:16:37
    BMP launched a new product
    BMP launched a new product – steel ropes manufactured from plastically drafted strands of 25 mm - 57 mm diameter. The main advantage of the new product is high structural density and tensile strength, durability of wires in strands and strands in ropes ,low wearing of sheaves and reels ...
  • 2009-04-14 05:49:09
    ESTAR’s ZMZ to recommission EAF No. 4 at end of April
    Zlatoust Metallurgical Works (ZMZ) has announced that at the end of April it will recommission its reconstructed electric arc furnace (EAF) No. 4, with an increased capacity of 20 mt compared to the previous 10 mt. Currently, ZMZ is finishing the reconstruction of its EAF No. 4, which was ...
  • 2009-04-13 11:29:50
    TMK Premium Casing Successfully Tested in a Horizontal Well
    TMK announces that its FMC premium threaded casing was successfully run and tested in a 2,385 meter horizontal gas well in the Vankor field. TMK-Premium Service, a division of TMK specialising in production and supply of premium connections to the oil and gas sector, tested the ...
  • 2009-04-13 11:06:09
    Highveld Enters into a Black Economic Empowerment Transaction
    Evraz Group announced that its South African subsidiary, Highveld Steel and Vanadium Corporation Ltd. (“Highveld”) concluded an agreement to transfer 26% of the ordinary equity interest in Mapochs Mine (Proprietary) Limited (“Mapochs Newco”) to local partners. This ...
  • 2009-04-10 05:09:34
    ChTPZ Group to Supply more than 340 000 couplings to Surgutneftegaz for Tubing Maintenance
    ChTPZ Group will supply more than 340 000 couplings for Surgutneftegaz tubing maintenance from April to December 2009. Under the contract Surgutneftegaz will receive 118 750 couplings for tubing Ø 60 mm and 221 578 couplings for tubing Ø 73 mm produced at the ...
  • 2009-04-09 13:44:07
    Mechel starts blast furnace at its Chelyabinsk Metallurgical Plant subsidiary
    Mechel announces that blast furnace No. 4 was officially commissioned today at its Chelyabinsk Metallurgical Plant subsidiary (CMP). The furnace was temporarily delayed last November due to its third category capital repair. Blast furnace No. 4 was delayed in November of last year, in ...
  • 2009-04-09 11:40:26
    VSMPO-Aisma and Boeing plan to launch JV for machining of parts
    According to Sergey Chemezov, Head of Rostechnologii State Corporation, VSMPO-AVISMA and the Boeing Company plan to launch JV for machining of technical components during the July visit of the US President Barack Obama to the Russian Federation. "JV grand opening ceremony is planned ...
  • 2009-04-08 11:34:12
    Q4 and FY2008 RAS Financial Results for NLMK Group’s major companies
    Novolipetsk Steel (NLMK) (LSE: NLMK) today announces Q4 and FY2008 Russian Accounting Standards (RAS) financial results for its major companies. Download full report.
  • 2009-04-07 11:35:55
    ChTPZ Group to Supply 1000 tn of pipes to Transneft for Pump Stations Maintenance until November 2009
    ChTPZ Group will supply pipes for Transneft pump stations and oil storage tank farms reconstruction and maintenance from April to November, 2009.  Under the contract the oil company will receive about 1000 tons of pipes Ø 57-426 mm produced by Chelyabinsk Tube-Rolling Plant (ChTPZ, ...
  • 2009-04-07 11:00:28
    MMK signed a number of contracts and loan agreements for the delivery of equipment and services and financing of MMK's modernization projects
    As part of the 2,500 mm Rolling Mill Revamping Project OJSC MMK signed a contract for the delivery of equipment and erection supervision services with ALTA, a.s.(Czech Republic) ("ALTA"), and a contract with PSG International a.s (Czech Republic) ("PSG International") for ...
  • 2009-04-06 11:18:25
    NLMK Group’s $ 1.6 bln syndicated pre-export finance facility has been named ‘Deal of the Year’ by Trade Finance magazine
    NLMK Group’s syndicated loan, aimed at raising $ 1.6 bln, has won the Trade Finance magazine ‘Deal of the Year’ award. In July 2008, NLMK Group closed a 5-year USD 1.6 billion syndicated loan facility with an interest of a LIBOR + 1.2% p.a. The proceeds are being used to ...
  • 2009-04-06 10:51:27
    Mechel completes its preferred shares placement
    Mechel announced the completion of the open subscription placement of its preferred shares. The preferred shares placement was completed April 2, 2009, when the procedures of payment and transition of shares to the buyer occurred. During the placement process only one offer to purchase the ...
  • 2009-04-02 11:37:26
    Severstal-metiz: good financial results
    “Implementation of the niche product strategy, intensifying the specialization of the company, costs optimisation, including infrastructure maintenance and customer relations development enabled us to achieve the goals we had set”. This is how Olga Naumova, CEO of the ...
  • 2009-04-01 13:12:47
    ESTAR has signed a consulting agreement with Binbank
    Under an agreement for implementing a programme of restructuring the debts of, and of finding investors for the Group of Companies ESTAR, Binbank has attracted a pool of private investors to provide the Group with working capital financing and funding required for completion of investment ...
  • 2009-03-31 12:07:22
    NLMK goes ahead with construction of new blast furnace
    NLMK has begun the assembly of BF-7 steel structures at its main site in Lipetsk. The new production facility, with capacity of 3.4 mln tn of hot pig iron per year, is the first to be constructed in Russia for 20 years. The design of Blast Furnace No.7 incorporates the most up-to-date ...
  • 2009-03-30 07:11:14
    Results of the Board of directors’ meeting
    A scheduled meeting of the Board of Directors of MMC Norilsk Nickel took place yesterday. Among other issues, the Board discussed the 2009 budget of the Company and its strategy regarding energy assets. I.  Key Objectives and Budget for 2009 The Board of Directors approved the current ...
  • 2009-03-27 10:44:01
    MMK announces its FY 2008 financial results
        MMK announces its FY 2008 financial results under Russian Accounting Standards (RAS)     Successful performance In 2008 MMK achieved strong financial and operational results. In particular, MMK saw the record levels of revenue and sales income. The ...
  • 2009-03-27 10:40:09
    Mechel Announces Bridge Loan Extension
    Mechel announced a two month extension of its bridge loan taken for the acquisition of Oriel Resources Ltd.. On March, 25, 2009, following negotiations with the banking syndicate which provided Mechel a one-year loan for the Oriel Resources Ltd. (United Kingdom) acquisition, an agreement for a ...
  • 2009-03-27 00:45:00
    NLMK continues to implement environmental protection measures in steelmaking
    NLMK has begun the reconstruction of the gas exhaust ducts of its BOFs with a secondary emissions collection and cleaning system. This measure, applied to the Company’s three BOFs, will increase steel production by almost 11% and reduce annual air emissions by more than 17 thousand tn. ...
  • 2009-03-26 12:08:33
    TMK Repays Rub 3 bln bond
    TMK carried out the repayment of its Series 02 Rouble bond issue of RUB 3 bln and proceeded to its eight coupon payment of RUB 113,700,000. The aggregate amount paid out was RUB 3,113,700.  The coupon payment per note amounted to Rub 37.90.  The repayment of the bond was financed ...
  • 2009-03-26 11:56:33
    Severstal Announces Changes in Executive Management
    Severstal announced management changes at its Severstal International Division.   Gregory Mason has been named as the new CEO of Severstal North America. Mr. Mason will also remain CEO of the Severstal International Division of OAO Severstal. Ronald Nock, formerly CEO of Severstal North ...
  • 2009-03-25 17:43:15
    NLMK FY2008 US GAAP Results
    Novolipetsk Steel (LSE: NLMK), the LSE
  • 2009-03-25 14:22:58
    OMZ announces 2007 audited and 1H 2008 unaudited consolidated IFRS financial results
    OMZ has announced its audited consolidated financial results for 2007 prepared in accordance with International Financial Reporting Standards (IFRS) and its unaudited IFSR consolidated financial results for the first half of 2008. In 2007 the company’s revenues rose 35% to $ 960 mln. ...
  • 2009-03-24 12:57:41
    TMK Certifies Line Pipe for Subsea Applications
    TMK announces today that it successfully certified seamless line pipe to the DNV-OS-F101 offshore standard. The certification of seamless line pipe from TMK Volzhsky was carried out by Det Norske Veritas. The DNV-OS-F101 offshore standard gives criteria and guidance on concept ...
  • 2009-03-24 12:49:49
    UC RUSAL and ONEXIM agree on debt restructuring
    UC RUSAL and ONEXIM Group announce that they have reached an agreement on restructuring RUSAL’s $ 2.8 bln debt. The parties have agreed that $ 2.0 bln of debt will be converted into RUSAL shares. ONEXIM’s stake in RUSAL will consequently increase to 18.5%. The stakes of ...
  • 2009-03-24 12:43:38
    Vladimir Kolotushkin has become a new Director of JSC “Uralelectromed”
    Vladimir Kolotushkin has been appointed as a new Director of Uralelectromed (Metallurgical Complex of UMMC-Holding). Previously he occupied a position of the General Director of Shadrinsk plant of automobile units (Automotive Complex of UMMC-Holding). Today Vladimir Kolotushkin has been ...
  • 2009-03-23 06:20:48
    Severstal reports on the Safety Program at plants
    The “Severstal Resources” division and CherMK (Severstal Russian Steel) spent RUR 1,088.1 million on health and industrial safety activities in 2008 Severstal’s Russian Steel division reported over 250 actions which have been undertaken at the Cherepovets Steel Mill ...
  • 2009-03-20 11:16:33
    Mechel's shares are included on MICEX Quotation List A1
    Mechel announced the inclusion of its ordinary registered book-entry shares on the MICEX quotation list A1. On March 13, 2009 the Executive Body of Closed Joint Stock Company "Moscow Interbank Currency Exchange" decided to include Mechel OAO ordinary registered book-entry ...
  • 2009-03-20 11:12:23
    VSMPO-AVISMA is on the winning side from crumbling of prices for non-ferrous metals – Director General of the Company.
    Director General of Titanium Corporation VSMPO-AVISMA, Mr. Yevgeny Romanov, took up his post in September of the previous year, going into the company from “Nornickel”. In his interview to “Interfax” Agency the Head of the Company told with what difficulties the Company ...
  • 2009-03-19 11:08:11
    Alpart announces suspension of operations
    Alpart (Alumina Partners of Jamaica), owned 65% by RUSAL and 35% by Hydro Aluminium, has announced that owing to the continuing severe decline in the global aluminum industry and the corresponding reduction of alumina demand worldwide, the company will temporarily suspend operations at its ...
  • 2009-03-18 16:36:56
    NLMK implements staff retraining programs
    NLMK announces that it has launched initiatives aimed at retraining its employees.  Given the economic downturn, these measures will boost the security of the personnel; help to avoid redundancy measures and train staff to carry out equipment repairs and in-house maintenance. The ...
  • 2009-03-17 10:56:15
    OMZ’s IZ-ZMK Concludes Contract with Power Machines OJSC to Supply Metal Components for La Yeska and Boguchansk Hydro Power Plants
    OMZ (Uralmash-Izhora Group) reports that IZ-ZMK, a part of OMZ Group, has concluded a contract with Power Machines OJSC for the supply of metal components for rotors and stators of La Yesca hydro power plant (Mexico) and Boguchansk hydro power plant (Russia). According to the terms of the ...