Metallurgy news

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  • 2007-12-26 16:52:35
    Lead Plant to be Built in Leningrad Region
    A used batteries processing plant will be built in the Slantsevsk Settlement Industrial Zone, the Leningrad region. The plant will create up to 60 new jobs. The project at an investment of 700 mln rubles will be carried out by Ekorusmetall Ltd. The used batteries scrap processing ...
  • 2007-12-26 15:59:27
    Sibir-Polymetals to Double up Output in 2008
    Eleven enterprises of the Altay region have exceeded an annual output of 1 bln rubles. Sibir-Polymetals has become the 11th company on the list. Since the beginning of 2007 about 250 thou tons of ore have been excavated at Rubtsovsk deposit to be processed into copper, lead and zinc ...
  • 2007-12-26 15:22:55
    Severstal to Apply Corporate Management Quality System to its International Facilities
    The first meeting of quality control services of Severstal companies CherMK, Severstal NA, as well as Ascometal and Piombino (Lucchini sister companies) has been held at CREAS Ascometal research center (France). CherMK Severstal has been represented by a group of specialists of technical ...
  • 2007-12-25 13:42:12
    MMC Norilsk Nickel to pay interim dividends
    In accordance with preliminary voting results of Extraordinary General Meeting, which was held on 21 December 2007, the shareholders of MMC Norilsk Nickel (the ‘Company’) approved interim dividends in the amount of RUB 108 per one ordinary share. The interim dividends are to ...
  • 2007-12-25 13:37:18
    Severstal plans third Cherepovets EAF
    Severstal is planning to add a third electric arc furnace (EAF) and possibly a new rolling mill to boost long products capacity at its flagship Cherepovets works, a company spokesman told MB. Severstal confirmed the plans after ceo Alexei Mordashov hinted at the introduction of a third ...
  • 2007-12-25 12:41:10
    UC RUSAL announces its intention to buy 2% of Norilsk Nickel from KM-Invest
    UC RUSAL announces its intention to buy 2% stake in Norilsk Nickel from KM-Invest. The official letter stating UC RUSAL’s intention to buy 2% stake in Norilsk Nickel was sent to CEO of KM-Invest on 24 December 2007. On 19 December 2007 the Board of Directors of KM-Invest made the ...
  • 2007-12-25 12:21:48
    MMK to Produce Rolled Products of Higher Strength
    Last week a pilot batch of X80 strength class rolled products was manufactured at # 10 flats plant, Magnitogorks Iron and Steel Works. The batch was manufactured to order of Volzhsky Pipe Plant. This has become possible largely due to reconstruction of 2000 mill at # 10 flats plant. This ...
  • 2007-12-24 14:12:08
    In October –November 2007 Russia Increased Production of Refined Copper 13.9%
    Rosstat, Federal State Statistics Service has announced November 2007 refined copper production results in Russia showing output up 113,9% compared to October 2007. 11 months (January-November 2007) refined copper production results almost have not changed compared to the same period of 2006 ...
  • 2007-12-24 14:09:49
    Stainless Rolled Products Import Duty May Increase up to €1200-1300 per Ton
    Mass media report Mr. Andrey Dementyev, Deputy Minister of Industry and Energy of the Russian Federation announced after a meeting on imports substitution with Mr. Victor Zubkov Russian Prime Minister at Serp-i-Molot Moscow Steel Works a possibility for duty on import of Chinese rolled ...
  • 2007-12-21 15:09:20
    RUSAL to Invest 58 bln Rubles in Construction of Taishet Aluminium Smelter
    According to Vasily Sobolev, Director of Construction Dpt, Taishet Aluminium Smelter in 2007-2011 UC RUSAL will invest the total of 58 bln rubles in the construction of Taishet Aluminium Smelter with the capacity of 750 thou tons of primary aluminium in the Irkutsk region. According to the ...
  • 2007-12-21 14:20:02
    Volgograd Steel Works "Krasniy Oktyabr” to Increase Finished Rolled Products Output
    According to the press-service of the works in January-November 2007 Volgograd Steel Works "Krasniy Oktyabr” produced 671,3 thou tons of steel which is 2% more compared to the same period of 2006. 487,69 thou tons of finished rolled products were produced in 11 months (4% increase). ...
  • 2007-12-21 14:14:34
    Russian Government has Determined the Order of Assessing of Quotas on Rolled Products Supplies to EU
    Russian Prime Minister Victor Zubkov has signed a regulation on fulfillment of an agreement dated October 26 between Russia and the EU about trade in some types of steel products. The Russian Government has determined the following order of assessing of quotas on supplies of steel products to ...
  • 2007-12-17 15:08:26
    UC RUSAL appoints a third Independent Non Executive Director to its Board of Directors
    United Company RUSAL announce ы the appointment of Simon Thompson as an independent Non Executive Director. Simon Thompson, who was previously a main Board Director and Member of the Executive Committee of Anglo American plc, joins the UC RUSAL Board of Directors with effect from ...
  • 2007-12-17 12:28:38
    ChTPZ Group Ferrous Division Ships 1,758,000 Tn of Product to Customers in January-November of 2007
    Chelyabinsk Tube-Rolling Plant and Pervouralsk New Pipe Plant, both in ChTPZ Group, shipped 1,758,000 tn of pipe products to customers over eleven months of the current year, an increase of 11% as compared to the same period of 2006 (1,577,000 tn). January through November of 2007, ChTPZ ...
  • 2007-12-11 12:21:19
    TNK-BP and TMK extend global cooperation agreement to 2012
    TNK-BP and TMK today announced that they had signed a new agreement on global cooperation.    According to the agreement, TNK-BP will buy a range of tubulars from TMK for approximately two billion dollars over the five years to 2012. The previous three-year contract with a ...
  • 2007-12-10 13:38:47
    Chelyabinsk Zinc Plant OJSC Sets Up a Subsidiary to Develop Amur Field
    Chelyabinsk Zinc Plant became founder of Amur GOK OJSC. On Friday, December 7, 2007 , Inspection of the Federal Tax Service of Kurchatovsky district of Chelyabinsk registered the new legal entity. Resolution on setting up the enterprise was adopted by the CZP Board of Directors at ...
  • 2007-12-10 12:43:46
    Severstal awarded most improved company for corporate governance by The Investors Protection Association
    Severstal was named the company that had made the best progress in corporate governance at a “Russian Corporate Governance Leaders 2007” event on December 7, 2007. The Investors Protection Association’s annual event celebrates the companies that make the best progress in ...
  • 2007-12-07 12:18:55
    MMK to Build a New Coke Oven Battery
    On December 7, 2007, Victor Rashnikov, Chairman of the Board of Directors of OJSC MMK, signed a EUR 142 mln Contract for the delivery of equipment and construction of a coke oven battery (№11-bis) with the Czech company VITKOVICE  HEAVY MACHINERY A.S. The need for a new coke oven ...
  • 2007-12-06 12:39:44
    Novolipetsk Steel (NLMK) acquires a controlling stake in Maxi-Group
    OJSC Novolipetsk Steel announced that it has entered into an agreement to acquire a 50%+1 share stake in OJSC “Maxi-Group” (Maxi-Group) from its founder, Nikolai Maksimov. The acquisition price is approximately $600 mln, payable in two installments: the first $300 mln installment ...
  • 2007-12-04 11:54:33
    MMK: Results of consolidated financial statements for 9M of 2007
    Open Joint Stock Company Magnitogorsk Iron and Steel Works, one of the leading Russian integrated steel making companies, announces the results of its consolidated financial statements for the nine months of 2007 according to US GAAP.    1. Financial results · ...
  • 2007-12-03 15:02:56
    Severstal demonstrates strong year-on-year growth for 9M of 2007
    Financial Results for the nine months ended 30 September, 2007  ($ million unless otherwise stated)     9M 2006 9M 2007 ...
  • 2007-12-03 15:01:46
    Unrivalled openness of MMC Norilsk Nickel in information disclosure
    The expert council of the annual contest among Russian companies – stock market participants has rated MMC Norilsk Nickel (the Company) the first in the categories The Best Annual Report and The Best Corporate Website. The Best Annual Reports contest was organized by Expert Rating ...
  • 2007-12-03 14:55:49
    TMK and SMS Demag Set Up Joint Venture
    JSC ТМК announces the signing of a joint venture agreement between its Seversky Tube Works (STW) subsidiary and SMS Demag AG (part of the SMS Group), one of the largest manufacturers of steelmaking equipment in the world. The agreement establishing the “TMK-SMS Metallurgical ...
  • 2007-12-03 14:47:09
    Novolipetsk Steel 9M 2007 US GAAP Results
    OJSC Novolipetsk Steel (NLMK), the LSE listed leading Russian steel producer, today announces its consolidated results for 9M 2007. Highlights: Strong 9M 2007 financial results: - Revenues amounted to USD 5,545.6 million (+29% year-on-year) - Operating cash flow reached USD ...
  • 2007-11-29 15:21:52
    VSMPO-AVISMA Corporation Announces Revenues for the First Nine Months of 2007
    The Company’s revenues decreased 5% down to Ru 20.90 bln during January – September of 2007 from Ru 21.97 bln during the same period in 2006. Gross profit was Ru 8.94 bln compared to Ru 9.49 bln and sales profit was Ru 6.61 bln compared to Ru 7.44 bln. Net profit decreased to 3.77 ...
  • 2007-11-29 15:02:14
    Mechel Announces Submission of Mandatory Offer To Acquire Elgaugol Shares From Minority Shareholders
    Mechel announces that it has directed its mandatory offer (public offer) to Elgaugol to acquire the remaining shares in the company from its minority shareholders. As previously announced, Mechel’s subsidiary, JSC Mechel Invest, became the winner in the auction, which was held on ...
  • 2007-11-29 12:59:43
    Severstal to sell non-specialized assets
    Severstal`s Board of Directors has approved the sale of 53.57% shares of  JSC Metallurgical Commercial Bank to OJSC Capital. Member of the Board and CFO of “Severstal” Mikhail Noskov said the decision was taken due to the fact that the company considers this business a ...
  • 2007-11-28 14:40:23
    UC RUSAL to construct packaging foil plant in the Moscow region
    UC RUSAL announces plans to construct a packaging foil plant near the city of Dmitrov in the Moscow region. The project investment will amount to approximately $20 mln. The plant will have an overall capacity of 20,000 tn of packaging foil per year and will increase UC RUSAL’s share of ...
  • 2007-11-28 10:52:35
    NOK looking to double charter capital
    Novosibirsk Tin Works is expected to advance a proposal to its shareholders to double the company’s charter capital. The placement price for the shares of an additional issue was set at $12 per share, i.e. 40% below the market price as of November 11, 2007. Novosibirsk Tin Works made a ...
  • 2007-11-28 10:33:09
    Evraz signs $3.2 bln loan agreement
    Evraz Group announces signing of a $3,214 mln structured multi-tranche credit facility. The loan facility has the interest rate of LIBOR + 1.8% and consists of a $2,714 mln 5-year tranche secured on assignment of trade receivables and a $500 mln 3-year unsecured tranche. The facility is ...
  • 2007-11-26 10:50:28
    MMC Norilsk Nickel General Director in the Big League of Russian Professionals
    General Director of MMC Norilsk Nickel Denis Morozov became a member of the National Professional Team. The project was initiated by the United Russia party and approved by President Vladimir Putin. The best Russian professionals of all ages and political convictions took part in the ...
  • 2007-11-26 10:45:58
    Skoda JS Begins Testing of Fuel Assembly Module for Temelin Nuclear Plant
    Skoda JS (Plzen, Czech Republic), a part of OMZ (Uralmash-Izhora Group) announces that it has begun a series of comparative hydraulic tests of a fuel assembly module for the Temelin Nuclear Power Plant, Czech Republic. The tests will be conducted over the next several months. Their objective ...
  • 2007-11-26 10:41:40
    TMK Announces the Completion of the First Stage of its Options Programme
    TMK announces the completion of the first stage of its three-year options programme (the Programme) Members of the Board of Directors, the Management Board and senior management were eligible to participate.   The Programme was approved in March of this year and split into three ...
  • 2007-11-20 15:17:05
    32 Countries of the World Participated in Metal Week in Moscow
    Metal-Expo’2007 the 13th International Industrial exhibition was successfully held in Moscow on November 13-16, 2007. Such leaders of the steel industry as Magnitogorsk Iron and Steel Works, Severstal, Novolipetsk Iron and Steel Works, Mechel Group, Estar Group of Companies, Pipe ...
  • 2007-11-20 15:13:41
    Mechel participates in Metal-Expo’2007
    Mechel participated in Metal-Expo‘2007, the 13th International Specialized Exhibition at the All-Russian Exhibition Center, Moscow, during November 13-16, 2007. Mechel’s uniform corporate stand exhibited products of its Chelyabinsk Metallurgical Plant, Izhstal, Beloretsk ...
  • 2007-11-20 14:40:06
    UC RUSAL becomes first Russian company to complete monitoring and analysis of greenhouse gas emissions
    UC RUSAL reports the completion of an ecological monitoring at the Krasnoyarsk Aluminium Smelter (KrAZ). The research was conducted by Jerry Marks, a respected climate change researcher who is also a specialist consultant for the International Aluminium Institute. UC RUSAL is the first company ...
  • 2007-11-20 13:52:40
    ChTPZ Group Ferrous Division Ships 1,625 mln tn of product to customers in January-October 2007
    Chelyabinsk Tube-Rolling Plant and Pervouralsk New Pipe Plant both in ChTPZ Group, shipped 1,625 mln tn of pipe products to customers for the period from January to October of 2007, an increase of 14% as compared to the same period of 2006 (1.425 mln tn). In January-October of 2007, ChTPZ ...
  • 2007-11-20 13:27:52
    TMK Increases Production of Premium Oil and Gas Pipes
    TMK, one of the world’s largest oil and gas pipe producers and the market leader of the Russian pipe industry, today announces that new hot rolling and finishing equipment has been installed at its Volzhsky Pipe Plant subsidiary. The installation of this new equipment, in line with ...
  • 2007-11-09 16:25:43
    VSMPO-AVISMA Corporation Participates in Metal-Expo’2007
    VSMPO-AVISMA Corporation will again participate in Metal-Expo’2007, the 13th International Metallurgical Exhibition which will be held from the 13th to 16th of November at the Russian Exhibition Centre in Moscow. The Corporation will present new 3D stereo technologies showing ...
  • 2007-11-07 15:31:00
    RUSAL completes large scale casthouse modernization programme at aluminium smelters
    UC RUSAL reports the completion of a large scale casthouse modernization programme at four of its aluminium smelters: Sayanogorsk, Krasnoyarsk, Bratsk and Novokuznetsk. The investment in the project amounted to approximately $130 mln. The value-added casthouse production has increased ...
  • 2007-11-06 17:30:15
    Mechel Announces Syndication of $2 Billion Acquisition Refinancing Package
    Mechel announces that it has arranged a $2 bln Acquisition Refinancing Package through several banks. The $2 billion Acquisition Refinancing Package will refinance the acquisition of the issued share capital of Yakutugol OJSHC (75% of the statutory issued share capital minus one share), ...
  • 2007-11-06 14:18:33
    TMK Starts Commercial Production of High Performance Pipes
    TMK today announces that it has started production of special corrosion-resistant seamless line pipes used for the transportation of gas extracted from wells operating in aggressive environments. This new pipe range was especially developed by TMK’s R&D centre for the Astrakhan gas ...
  • 2007-11-02 10:56:27
    Severstal’s Cherepovets steel plant receives certificates from Lloyd’s Register for shipbuilding products to 2010.
    Lloyd’s Register has granted new certificates to Severstal’s integrated iron and steel plant at Cherepovets The certificates, which run to 2010, allow the plant to produce normal and high strength steel up to 12 mm, 40 mm and 50-70 mm in thickness in its sheet rolling shops LPTs-2, ...
  • 2007-11-01 13:59:31
    Magnitogorsk Iron and Steel Works Open Joint Stock Company increased its stake in JSC «Bashmetalloptorg»
    Magnitogorsk Iron and Steel Works Open Joint Stock Company announces the increase of its stake in Bashmetalloptorg from 25,67% to 87,99%. MMK’s participation in the authorized capital of  Bashmetalloptorg is in line with Magnitogorsk Iron and Steel Works strategic plans towards ...
  • 2007-11-01 12:28:07
    Evraz owns now 100% of its major Russian production companies
    Evraz Group S.A. announced that Evraz Group through its subsidiaries has completed the buyout of all outstanding common stock of steel mills NTMK and Zapsib, iron ore mining and processing complexes KGOK and VGOK, and the Nakhodka Commercial Sea Port. The procedure was carried out in ...
  • 2007-10-31 15:02:21
    Mechel Announces Recertification оf its Mechel Campia Turzii Romanian Subsidiary for ISO 9001:2000 International Standard
    Mechel announces the completion of the quality management system audit at its Mechel Campia Turzii Romanian subsidiary, resulting in the recertification of its compliance with the ISO 9001:2000 international standard. A regular supervisory audit of the quality management system for its ...
  • 2007-10-31 14:16:43
    OMZ Board of Directors Approves Conceptual Plan for Izhora Production Complex Development for 2008-2010
    OMZ (Uralmash-Izhora Group) announced the approval by its Board of Directors of a Concept of Development for the OMZ Production Complex at the Izhora Production Site for 2008-2010. The development priority will be a radical modernization of existing equipment and formation of new ...
  • 2007-10-31 13:25:30
    Severstal to construct a filtration plant capable of reducing discharge into the Koshta river by 11 tons a year
    CherMK OAO Severstal’s environmental load program will include a new filtration plant which, combined with other efforts, will reduce iron and petrochemical discharge from outlet 10 into the Koshta river by 11 tn a year. Construction is expected to be completed in Q4 of 2008. The ...
  • 2007-10-31 11:44:04
    VSMPO-Avisma Corporation will Participate in the Development of Yuzhno-Shameisk Molybdenum Ore Deposit
    In September this year, the auction on sale of the license for geological survey, exploration and molybdenum ore mining at Yuzhno-Shameisk Ore Deposit was won by the Ore Mining Company “Ural Gold” LLC (ООО «Gornorudnaya Company Uralskoe Zoloto»). The Ore Mining ...
  • 2007-10-30 14:10:02
    UC RUSAL launches full capacity of Khakas Aluminium Smelter ahead of schedule
    UC RUSAL announced that the Khakas Aluminium Smelter has reached full capacity ahead of schedule, now as the fourth and final complex has been put into operation. The smelter has a production capacity of 300,000 tn per annum. Total investment in the project amounts to over USD 750 mln. ...