Metallurgy news

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  • 2009-05-28 02:33:18
    NLMK implements new environmental project
    Novolipetsk Steel has begun to revamp its lime rotary kiln dedusting systems in the refractory shop.  This new environmental project will enable the Company to reduce dust in gases released by process facilities by two times. NLMK has finished revamping two out of seven lime rotary kiln ...
  • 2009-05-27 15:55:51
    Crisis will not restrain the development of zinc market
    The economic crisis undermined zinc market: a decline in metal prices, demand reducing of consuming industries (the most important of which are the construction and autoprom) etc. However, the negative outlook only delays for time, but not stops its further development.   As Mr. Raymond ...
  • 2009-05-27 12:43:26
    Creditor Banks Can Get Financed by the RF Central Bank under Belon’s Liabilities
    In accordance with the resolution of the Board of Directors of the Bank of Russia dated April 23, 2009 and with the letter of the RF Central Bank No. 60-T dated May 5, 2009 “On the List of Companies”, OAO Belon has been included ...
  • 2009-05-27 11:52:20
    VSMPO-AVISMA is recognized to be the Best Exporter of the industry
    PSC VSMPO-AVISMA Corporation was named one of the winners of the contest Best Russian Exporters 2008 in the nomination of the Best Russian Exporter of the Industry - the UralPolit.Ru reporter was told in the Communication Technology Department of the RF Ministry of Industry and Commerce. The ...
  • 2009-05-27 06:48:14
    Mechel announces bridge loan extension
    Mechel announced a two month extension of its bridge loan taken to finance the acquisition of Oriel Resources Ltd. (Great Britain).  On May, 22, 2009, following negotiations with the banking syndicate which provided Mechel with a one-year loan for financing of Oriel Resources Ltd. ...
  • 2009-05-26 10:48:13
    TMK announced resolutions of the Board of Directors
    TMK announced recommended 2008 dividends amount. The OAO “TMK” Board of Directors has recommended that shareholders approve a 2008 dividend of RUB 1.44 per share (approximately $ 0.18 per GDR). The total amount of dividend to be approved at the Annual General Meeting of ...
  • 2009-05-26 06:52:49
    MMC Norilsk Nickel presents the consolidated financial statements
    MMC Norilsk Nickel and its subsidiaries issued consolidated financial statements as at 31 December 2008 and for the year then ended in compliance with International Financial Reporting Standards (“IFRS”). The financial statements have been audited in accordance with International ...
  • 2009-05-25 15:38:30
    Fitch downgrades Severstal rating to BB-, places on rating watch negative
     Fitch Ratings has downgraded Russian steelmaker Severstal to BB- from a BB and has simultaneously placed the company on Rating Watch Negative (RWN). “The downgrade and RWN reflect Fitch’s view that Severstal’s profitability and credit metrics will deteriorate in ...
  • 2009-05-25 12:21:35
    Zbynek Kvapik appointed Chairman and CEO of Evraz Vitkovice Steel
    Evraz Group announced an appointment of Mr. Zbynek Kvapik as Chairman and Chief Executive Officer of Evraz Vitkovice Steel, Evraz’s subsidiary in Czech Republic. Mr. Kvapik graduated from the Ostrava Technical University with a degree in Metallurgy and Material Engineering. After joining ...
  • 2009-05-22 12:42:04
    Russia’s Minister of Industry and Commerce and European Commissioner for Enterprise and Industry have visited the Magnitogorsk Iron and Steel Works
    The working visit of the high-ranking officials responsible for the Russian and EU industry was a part of Mr. Verheugen’s trip to Russia on the eve of the regular Russia-EU summit. According to Viktor Khristenko, Russia’s Minister of Industry and Commerce, MMK was chosen for the ...
  • 2009-05-19 14:56:57
    Rusal’s Top-manager to Become Chairman of the International Aluminum Institute
    For the first time in history the meeting of the board of directors of the International Aluminum Institute (IAI) was held in Russia. As a result of the voting Artem Volynets, Director for Strategy and Corporate Development UC Rusal was elected the IAI’s Chairman. IAI is a global forum ...
  • 2009-05-19 10:44:03
    Mechel Service’s project of welded mesh production in Moscow Region has been launched
    Mechel announces the launch of welded mesh production by its Mechel Service service and sales subsidiary in Moscow Region. In the beginning of May 2009, Mechel Service has commissioned an automated line to manufacture welded meshes in the Vidnoye, Moscow Region. The production was set up on the ...
  • 2009-05-18 17:17:07
    TMK Ships Sour Grade Tubulars to Lukoil
    TMK, one of the world's leading oil and gas pipe producers, announces today that it began supplying Lukoil with hydrogen-sulphide resistant casing and tubing pipe. This pipe grade was especially developed and produced to meet the needs of Lukoil’s drilling operations in the Russian Far ...
  • 2009-05-18 10:19:55
    Results of the Annual General Meeting
    Evraz Group announces that at its Annual General Meeting held in Luxembourg all the resolutions were passed. In particular, the shareholders approved the Directors' Report and the consolidated financial statements for the year ending on December 31, 2008, re-elected the Company’s ...
  • 2009-05-15 11:25:14
    Severstal reports Q1 2009 results
    Financial Results for the three months ended 31 March, 2009 ($ mln unless otherwise stated)   Q1 2009 Q1 2008 Q4 2008 Revenue 2,796 4,359 4,019 Profit /(loss) from operations (375) 808 (27) EBITDA 1 (158) 1,081 ...
  • 2009-05-14 12:37:59
    OMZ foundry production completes first stage of comprehensive modernization
    OMZ (Uralmash-Izhora Group) announced that its OMZ Foundry Production has completed one of the biggest modernization programs in the history of foundry operations at the Izhora Industrial Site. The first stage of the modernization program of the medium-sized casting section was completed after ...
  • 2009-05-13 12:06:46
    NLMK restarts blast furnace #4
    NLMK announces today that it has restarted blast furnace #4 after a complete overhaul. The blast furnace of a total capacity of 1.7 mln tn per year was idled in November 2008. As part of the five-month overhaul of the 2000m3 unit, refractory was replaced, charging equipment and air heaters ...
  • 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 ...