Metallurgy news

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  • 2009-03-16 12:40:06
    Coordination between Steelmakers and Builders is the Way to Overcome the Economic Crisis
    MetallStroyForum International Exhibition for Steel Products and Structures for Construction will open in Moscow on March 18. The exhibition is a new annual project of Metal-Expo which will be held in a new contemporary exhibition complex of the All-Russia Exhibition Center. ...
  • 2009-03-13 02:04:50
    Lisin may call for GAZ's bankruptcy
    Novolipetsk Steel (NLMK) is ready to take action against GAZ group if the company does not pay off its debts. NLMK could even insist on the company's bankruptcy, chairman of the Russian steel producer's board of directors Vladimir Lisin told journalists. He pointed out that GAZ was neither ...
  • 2009-03-12 13:34:40
    What will Happen to Market of Rolled Products for Construction in 2009?
    This and many other things will be discussed at the traditional spring meeting of participants of the market of rolled products for construction. The program of the 4th International Conference Rebar Steels Rolled Products: Tendencies of Production and Consumption’2009 (17, March, ...
  • 2009-03-12 11:26:06
    Noble wins deal to sell VSMPO-Avisma magnesium
    Trading company Noble Group has won a deal to sell magnesium offtake from Russia-based producer VSMPO-Avisma this year, a source at the company told MB. He was unable to disclose the total volume of the offtake, or the price at which Noble is concluding business. Avisma produces ...
  • 2009-03-12 10:44:48
    NLMK and DBO Holdings, Inc. signed settlement agreement
    NLMK and DBO Holdings, Inc. have signed a settlement agreement with respect to their dispute concerning NLMK’s proposed acquisition of John Maneely Company, which NLMK terminated in November 2008.  The agreement provides for the full mutual release and discharge by NLMK and DBO from ...
  • 2009-03-12 10:19:56
    TMK Ships First Batch of Longitudinal LD to Gazprom
    TMK announces today that it began shipments of 1420mm large-diameter longitudinal welded pipes to Gazprom. The pipes will be used in the construction of the Bovanenkovo-Ukhta gas pipeline. During the month of March, TMK will ship 5,000 tonnes of 1420mm longitudinal welded pipes with 26.4 mm ...
  • 2009-03-11 10:55:01
    Severstal reports good FY 2008 results
    Severstal reports good FY 2008 results; takes decisive action for the current challenging environment Financial Results for the year ended 31 December, 2008 ($ mln unless otherwise stated)   2008 2007 4 Change, y-o-y Revenue 22,393 15,503 44.4% ...
  • 2009-03-11 03:56:37
    In some cases, the government could buy into large Russian companies to support them
    In some cases, the government could buy into large Russian companies to support them, First Deputy Prime Minister Igor Shuvalov told reporters following an economic conference yesterday. He stressed that such decisions would be exceptions, and they would be debated publicly. “We have ...
  • 2009-03-10 15:05:05
    Evraz announces new appointments
    Evraz Group today announced the appointment of Alexander Boreyko as Director of Investor Relations and Sergey Lavrinenko as Head of Communications and Public Affairs. “I am confident that the professional experience of Alexander and Sergey will even further strengthen position of ...
  • 2009-03-10 12:07:36
    ZMZ develops new technologies
    A new rolling technology was developed in rolling shop №1 at Zlatoust Metallurgical Works.   They rolled rounds in dia. 230 and 240 mm and length up to 6m on mill 1150. ZMZ used to produce rounds of 210mm diameter in length up to 3m. At present a new roll pass design is being ...
  • 2009-03-10 11:22:16
    UC RUSAL signs a standstill agreement
    UC RUSAL has signed a standstill agreement in relation to the restructuring of its debt to the international lending banks. The standstill will be effective for a period of two months with the possibility of extension for a further month and will provide RUSAL with additional liquidity. The ...
  • 2009-03-06 11:10:44
    Norilsk Nickel opens new office in Shanghai
    OJSC MMC Norilsk Nickel announces the opening of its new sales office in Shanghai, People’s Republic of China. The new company is registered in accordance with the law of PRC and holds all necessary licenses and permissions. Today two other offices operate in China including a ...
  • 2009-03-05 13:13:14
    The charge of steel enterprises in February increased by 15-17%
    The charge of steel enterprises in February increased by 15-17%, said Minister of Industry and Trade of the Russian Federation Viktor Khristenko on the «Russian News Service» radio station. «This is caused by some sort of action of such speculative factors as traders for ...
  • 2009-03-05 11:39:08
    RUSAL’S ARMENAL foil mill reaches design capacity
    Moscow, 4 March 2009 – UC RUSAL, the world’s largest aluminium and alumina producer, is pleased to announce that ARMENAL, the group’s foil mill located in Armenia, reached its design capacity of 25,000 tonnes. From December 2008, the daily output of aluminium foil at the ...
  • 2009-03-04 18:51:52
    OMZ’s IZ-Kartex Supplies Two EKG-10 Shovels to Chinese Customer
    OMZ (Uralmash-Izhora Group) reports that IZ-KARTEX, a part of OMZ Group, has begun shipping two EKG-10 shovels for China’s Kholinkhe open pit coal mine. The $5 mln contract was concluded in September 2008. In March IZ-KARTEX plans to supply the Chinese customer with two EKG-12 shovels ...
  • 2009-03-04 14:28:48
    Economic revival possible in H2, presidential aide says
    Although the Russian economy is unlikely to start recovering in the next three to four months, a certain revival is possible for a number of industries in the second half of 2009, Presidential Aide Arkady Dvorkovich told a press conference today. He noted that according to analysts' estimates, ...
  • 2009-03-03 17:20:26
    Severstal's Russian iron ore production at 70% of capacity in Q1
    Severstal is running its Russian iron ore operation at 70% of capacity for the first quarter of 2009, Severstal Resources ceo Roman Deniskin told to Metal Bulletin. Severstal operates two iron more mines in Russia, Karelsky Okatysh and Olkon. They produced around 14 mln tn of iron ore in ...
  • 2009-03-03 11:01:00
    Andrey Varichev is appointed General Director of Metalloinvest
    Metalloinvest is pleased to announce that Andrey Varichev, First Deputy General Director of Metalloinvest Management Company, is appointed General Director of Metalloinvest Management Company. Maxim Gubiev stands down from the post of General Director of Metalloinvest Management Company but ...
  • 2009-03-02 14:02:44
    Finance minister estimates 2010 GDP growth
    Russia's GDP growth may amount to 2-3 percent in 2010, Russian Deputy Prime Minister and Finance Minister Alexei Kudrin told journalists today. He believes that the crisis will be over "when private demand starts to increase." Therefore, the government must devote all of its efforts ...
  • 2009-03-02 12:26:41
    MetallStroyForum Promoters to Contact End User
    MetallStroyForum Organizing Committee has launched a large-scale advertising campaign of the event including distribution of 40 thousand invitations to MetallStroyForum International Exhibition for Steel Products and Structures for Construction (March 18-21, The All-Russia Exhibition ...
  • 2009-02-27 17:00:35
    Severstal announced the temporary cessation of operations of the steel galvanizing line
    Severstal announced the temporary cessation of operations of the steel galvanizing line at its Severstal Warren facility. Both the galvanizing line and the mill, which has been offline since October, will remain inoperative while the company balances production volume to match current demand. ...
  • 2009-02-27 14:53:13
    Mechel closes in on Inprom stake
    Mechel is close to buying a majority stake in distribution and service centre company Inprom, sources close to the talks told MB. Igor Zyuzin’s Mechel is planning the move to take advantage of the downstream expertise of Inprom in long products, sources said. The Russian summer ...
  • 2009-02-27 11:51:13
    Mechel plans to buy Bluescope Coal Corp
    Mechel is planning to buy West Virginia-based Bluestone Coal Corp for a combination of cash and shares, Vedomosti has reported. The deal is worth $425 mln in cash and 80 mln preferred shares, Russian business newspaper Vedomosti has reported. Igor Zyuzin’s Mechel renegotiated ...
  • 2009-02-27 10:46:31
    Norilsk Nickel completed creation of its own arctic fleet
    MMC Norilsk Nickel has completed building up its own arctic fleet. A diesel electric vessel named Nadezhda delivered MMC Norilsk Nickel cargo to Dudinka. This is the fifth vessel built for the Company as part of its strategy adopted back in 2004 and targeting transport independence of MMC ...
  • 2009-02-26 03:18:22
    MMK takes Sberbank loan to finance new plate mill
    Magnitogorsk Iron and Steel Works has signed for a Rub 12 bln (appr. $330 mln) loan to finance the construction of its new plate mill 5000. The loan is the second the company has taken for the project from state-backed Sberbank. The first was a two-year Rub 3 bln ($100 mln) credit facility ...
  • 2009-02-25 12:38:49
    Novosibirsk Metallurgical Works named after Kuzmin Gradually Ramps Up Production
    Novosibirsk Metallurgical Works named after Kuzmin resumes production in previous volumes of output. The Works put into operation all main technological lines – hot rolling mill 810, pipe mills 20-102, 20-114 (№1 and №2), 10-50, cutting lines 450, 460, 740, 850, 420. In February 2009, ...
  • 2009-02-25 11:22:51
    Severstal Repays $325 mln Eurobonds issue
    Severstal has repaid its $ 325 mln Eurobonds issue from the Company’s internal funds. The bonds were issued on February 19, 2004 and amounted to $325 mln repayable in 5 years.
  • 2009-02-25 10:58:04
    OMZ Oil and Gas Projects Signs Agreement to Supply 15 High Pressure Vessels to Tatneft Subsidiary TANEKO
    OMZ Oil and Gas Projects (Izhorskiye Zavody), a part of OMZ Group, has signed an agreement to supply 15 high pressure vessels to TANEKO OJSC, a subsidiary of Tatneft OJSC. The vessels will be a part of a sulphur recovery unit in an oil processing and petrochemicals complex being built in ...
  • 2009-02-24 14:49:52
    Putin has formed a governmental committee for steel complex
    According to government press service, the Prime Minister of the Russian Federation Vladimir Putin signed a decree about establishment of the governmental commission for metallurgical complex development. For record, on January 27, 2009 the Government adopted a decree about ...
  • 2009-02-24 11:11:51
    Mechel signs a long-term agreement for coal supply to South Korea
    Mechel announces that it has signed a long-term agreement with Hyundai Steel, Korea, to supply coking coal. The agreement was signed within a visit to South Korea of the Russian delegation headed by the Russian Federation Vice-Premier Igor Sechin, in which Mechel OAO Chief Executive Officer ...
  • 2009-02-20 11:45:43
    TMK Receives ISO 9001 Certification
    TMK received ISO 9001:2000 certification from the management system assessment company Lloyd's Register Quality Assurance (LRQA). TMK is the first pipe company in the CIS to be awarded the ISO 9001 certification for its quality management system together with its subsidiaries. LRQA ...
  • 2009-02-19 14:19:06
    NLMK restarts blast furnace No 2
    NLMK has restarted blast furnace #2 which has a total capacity of 700,000 tn per year. The 1000 m3 furnace underwent a 100-day overhaul. Earlier in February NLMK re-commissioned blast furnace #3 with total capacity of 1.3 mln tn of pig iron per year. After the re-launch of BF#2, annual pig ...
  • 2009-02-19 10:06:41
    Norilsk Nickel International will suspend its Black Swan and Lake Jonston nickel operations
    Norilsk Nickel International, a subsidiary of OJSC MMC Norilsk Nickel will suspend its Black Swan and Lake Johnston nickel operations (Western Australia), placing them under care and maintenance effective immediately. This decision was taken on the grounds of a structural review and the ...
  • 2009-02-19 09:52:23
    MMK Announces Q4 and FY 2008 Operational Results
    Major Products Output Production Q4 2008 Q3 2008 2008 2007 ‘000 tn ...
  • 2009-02-13 15:04:21
    TMK FMT Premium Connections Certified
    TMK announced today that its TMK FMT premium threaded connection successfully underwent certification testing at Oil States Industries' structural test laboratory in Aberdeen, UK. Oil States Industries' structural test laboratory offers an extensive range of testing services to third ...
  • 2009-02-13 13:32:35
    Mechel Obtains Quality Certificate and European Registration for Its Products
    In November 2008, Mechel’s plants passed the preliminary registration for substances supplied to the European Union countries in compliance with the Regulations ES #1907/206 of the European Union and Council (REACH is the European Union’s regulations regarding registration, ...
  • 2009-02-13 11:28:56
    NLMK restarts blast furnace
    NLMK announces today that it has put at normal operational capacity Blast Furnace (BF) #3 at its main production site in Lipetsk. The furnace has a maximum production capacity of 1.3 mln tn of pig iron per year. BF#3 was idled for a general overhaul in October 2008.   As part of the ...
  • 2009-02-12 11:31:08
    Severstal Releases FY 2008 Operational Results
    Severstal today released its FY 2008 operational results as follows. You can find more detailed information using the link.
  • 2009-02-10 14:45:30
    Regulator frowns on mergers in metallurgy
    The Russian Federal Anti-Monopoly Service is not keen on the consolidation of metallurgical companies partly owned by the government, head of the service's industry supervision department Alexei Ulyanov said during today's CIS Metals Summit. Commenting on the potential merger between ...
  • 2009-02-10 11:32:43
    MMC Norilsk Nickel announces results of share buy-back
    MMC Norilsk Nickel announces the results of its share buy-back program executed pursuant to the Board of Directors’ decision made on August 22, 2008. The maximum amount of shares eligible for the buy-back amounted to 7 947 000 (about 4% of all outstanding shares). The buy-back was ...
  • 2009-02-10 11:18:03
    Mechel opens Gazprombank credit line
    Mechel announced that its subsidiaries have been provided with lines of credit totaling $1 bln from Gazprombank. Gazprombank has opened credit lines totaling $1 bln for Mechel's subsidiaries. Credit facilities provided will be used mainly for short-term debt repayment. The credit facilities ...
  • 2009-02-09 14:27:10
    MetallStroyForum Program of Events has been Adopted
    A session of the Organizing Committee of MetallStroyForum’2009, International Exhibition for Steel Products and Structures for Construction and Metal-Expo’2009 International Industrial Exhibition was held on February 5 at the Historical Museum on the Red Square, Moscow. The ...
  • 2009-02-09 12:53:10
    RUSAL unveils bond plans
    United Company RUSAL   has announced plans for six ruble-denominated bond issues with 5 to 10-year terms, worth a total of RUB 60 bln (approx. $1.7bln). Experts, however, say that the cash-strapped market would be unable to digest that amount, and the government’s help will be ...
  • 2009-02-06 10:25:00
    NLMK decommissions two coke batteries
    NLMK announces today that it has decommissioned coke batteries No. 3 and No. 4 with a combined capacity of 0.68 mln tn per year at its main production site in Lipetsk. This decision was driven by the recent significant deterioration of demand for coke following the drop in steel production ...
  • 2009-02-05 23:01:35
    Oleg Deripaska meets journalists in Davos
    As the World Economic Forum in Davos came to its conclusion Oleg Deripaska met with journalists to share his views on the current state of the aluminium industry, the Russian economy and his business interests. Selected quotes Current situation in the global aluminium industry ...
  • 2009-02-05 21:05:46
    Comprehensive programme to increase efficiency during the global economic downturn
    RUSAL announces that it has implemented a comprehensive programme designed to reduce costs, optimise the production process and strengthen the company’s position as the world’s most effective aluminium producer cost-wise. The programme will further enhance RUSAL’s ...
  • 2009-02-05 14:00:48
    Coated Steels: Forecasts of Market Capacity and Trends
    Experts do not have a common opinion about the possibility of adopting import duties on coated steels. During an online conference Galvanization and Paintwork: Matters of Development of Processing and Consumption which has been held yesterday by our magazine, Mr. S. Maslennikov, Chairman of ...
  • 2009-02-05 10:40:29
    Mechel continues active operations in constructing the road to the Elga coal deposit
    Mechel announces that its Yakutugol  coal mining subsidiary continues active operations in constructing the road to the Elga coal deposit. The total length of the railroad will be more than 315 kilometers. At present, traffic is possible from the Ulak station towards the Elga ...
  • 2009-02-04 06:48:06
    TMK Preliminary Results for 2008
     TMK provides the following trading update in advance of the publication of its preliminary results for the year ended 31st December 2008, which will be announced in April 2009. This past year, one of the most volatile and challenging for the tubular industry, will be remembered as ...
  • 2009-02-03 12:20:53
    Evraz Announces Operational Results
    Evraz Group S.A. released its 4Q 2008 and full year 2008 operational results. Please download the full version of the press release here .