Metallurgy news

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  • 2007-05-08 15:21:17
    Chusovoy Metallurgical Works has summed up its production results for April 2007.
    In April 2007, Chusovoy Metallurgical Works produced 7,600 tonnes of automobile springs – a 36% increase as compared with April 2006 (5,600 tonnes). Since early 2007, CMW has produced 25,800 tonnes of automobile springs – a 35% increase YOY (19,100 tonnes). In April 2007, CSW ...
  • 2007-05-07 14:32:39
    Evraz Group purchased of a 29.2% stake in Highveld Steel from Anglo American
    Evraz Group S.A. (LSE: EVR) announced the purchase of a 29.2% stake in Highveld Steel and Vanadium Corporation from Anglo American plc for US$238 million. In an agreement announced on summer 2006, Evraz purchased a 24.9% stake in Highveld from Anglo American. Thus, Evraz owns ...
  • 2007-05-07 11:46:33
    Vyksa Steel Works Sums Up Production Results of April and 4 Months 2007
    In April 2007, Vyksa Steel Works produced 158,924 tonnes of pipes – a 33.3% increase as compared with April 2006 (119,162 tonnes). Since early 2007, VSW has manufactured 634,529 tonnes of pipes of various sizes – a 42.2% increase YOY (446,174 tonnes). In April 2007, VSW ...
  • 2007-05-07 10:46:48
    Basic Element has acquired 3 percent of Hochtief AG
    Basic Element, through its affiliate (Rasperia Trading Limited), has acquired 3 percent of publicly traded shares in Hochtief AG (Essen, Germany), repots press-center of Basic Element.  Hochtief is recognized as one of the truly global leaders in construction and construction-related ...
  • 2007-05-03 14:49:02
    NLMK-Duferco JV to Acquire Winner Steel
    NLMK-Duferco JV has reached a definitive agreement with Winner Steel INC. and its controlling shareholder to acquire substantially all the assets of Winner Steel INC. and certain of its liabilities. The acquisition will be effected through Duferco U.S. Investment Corporation, a ...
  • 2007-05-03 13:41:28
    Norilsk Nickel Announces All-Cash Offer to Acquire LionOre Mining International Ltd.
    OJSC MMC Norilsk Nickel today announced that it will make an all-cash offer to acquire all of the outstanding common shares of LionOre Mining International Ltd. (“LionOre”) (Toronto Stock Exchange and Australian Securities Exchange symbol:  “LIM”; London Stock ...
  • 2007-05-02 16:00:11
    Norilsk Nickel Group made tender offer to OGK-3 shareholders
    Today, on May 2, 2007, in accordance with Russian law OJSC Norilsk Zavenyagina Mining and Metallurgical Works, a company of the Norilsk Nickel Group, submitted to OJSC “The Third Generation Company of the Wholesale Electricity Market ” (“OGK-3”) the mandatory tender ...
  • 2007-04-29 10:27:16
    SeverStal buys Neva-Metal and Neva Metal Trans for $100 million
    SeverStal announced that it has acquired cargo company Neva-Metal and freight forwarding company Neva Metal Trans for US$100 million (Neva Metal company for US$ 98,698 million and Neva Metal Trans for US$ 1,308 million) in a move designed to set up an independent export-logistics operation and ...
  • 2007-04-29 07:50:55
    Deficit of reinforced steel rolled products, galvanized and painted flat rolled products is is forecast for 2008 – 2009
    Due to large-scale building of new industrial and civil establishments in 2007 Russia is suffering deficit ofsome types of metal and steel products e.g. demand for reinforced steel rolled products will exceed the domestic supplies 1.5 - 2 mln tn. Due to considerable demand for metal and steel ...
  • 2007-04-28 10:47:10
    Changes in the shareholder structure of the Severstaltrans Company Group
    The Severstaltrans Group presently includes more than 20 companies that operate in various transportation industry sectors. Before this agreement was reached, the group’s shareholders on a parity basis were Aleksey Mordashov (50%) and the senior executives of the Severstaltrans Group ...
  • 2007-04-27 13:15:11
    Chelyabinsk Zinc Plant: + 15.5% in Q1
    Chelyabinsk Zinc Plant (LSE: CHZN, RTS: CHZN is pleased to announce its production results for the first quarter of 2007. In January - March 2007 Chelyabinsk Zinc Plant (CZP) produced 40,145 tons of SHG zinc and zinc based alloys, 15.5% more than for the same period of 2006 (34,763 tons). ...
  • 2007-04-27 10:57:29
    Net income in Q1
    ChTPZ reported relatively strong growth in net income, drafted to RAS, for Q1 2007, which, , was the result of bigger pipe output. In Q1 2007, Chelyabinsk Pipe Rolling Plant (ChTPZ) boosted RAS net income 95% y-o-y to Rb 1,193 mln (around $46 mln), or 34% on Q4 2006. For the ...
  • 2007-04-26 13:55:36
    United Company RUSAL to launch Сentre for Thermal Power Research
    United Company RUSAL today brings together over 40 power experts at a conference to address the challenges of coal power development, in Krasnoyarsk - the first stage in its plan to open a thermal power research centre in the city. United Company RUSAL intends to open a research and ...
  • 2007-04-26 13:25:31
    Evraz Group is selling the sales divisions
    Evraz Group is selling the sales divisions of its trade house with the yearly rolled metal products turnover of 1 mln tons, reports Kommersant. Their buyer - Swiss Carbofer General Trading which, according to some market participants, presents interests of Alexander Katunin, ex co-owner of ...
  • 2007-04-25 16:30:33
    Mechel to install a new shearing press
    JSC Mechel (NYSE: MTL) announces the installation and commissioning of a new shearing press in the electric arc furnace shop at its Romanian steel plant Mechel Targoviste in compliance with its technical re-equipment plan. The work has been completed in line with the current stage of Mechel ...
  • 2007-04-25 14:14:59
    West Siberian Metallurgical Plant to pay lavish dividends
    The BoD of West Siberian Metallurgical Plant (ZSMK) has adopted a decision to recommend the company’s shareholders to approve FY06 dividend payouts of $8.50 (Rb 221) per share. It is noteworthy that the metal maker paid ...
  • 2007-04-25 12:19:58
    Belon Shares now listed on MICEX
    Pursuant to the decision of the Board of Directors of ZAO MICEX Stock Exchange, the shares of the Company were included in the portfolio of non-listed stock. Therefore, 11.5 mln. uncertificated registered ordinary shares of OAO Belon (state ...
  • 2007-04-25 10:24:47
    The Norilsk Nickel Group produced 61 thousand tn of nickel
    Mining and Metallurgical Company ("MMC") Norilsk Nickel ("the Company", "Norilsk Nickel Group") announces preliminary consolidated production figures for the first quarter of 2007. Tav Morgan, Deputy General Director of MMC "Norilsk Nickel" ...
  • 2007-04-24 12:41:43
    Maxi-Group to possess $50 mln credit
    Promsvyazbank, JSCB has announced giving Maxi-Group (Ekaterenburg) a $50 mln credit for 12 months as a part of a pre-export financing program. The possessed credit will be spent on purchase of ferrous metals scrap for rolled billets production on Nizhneserginskiy Metal Ware Metallurgical Plant ...
  • 2007-04-24 11:10:42
    Yuzhuralnickel’s net income surged 37% in Q1 2007
    Yuzhnouralsky Nickel Plant, which is part of Mechel Group, boosted net income to $83.8 mn in Q1 2007, up 37% against $61 mn in Q4 2006, the company said in its press release devoted to this important release. The main drivers behind this strong ...
  • 2007-04-23 11:54:51
    MMC Norilsk Nickel announces the results of the audit of Bystrinskoye deposit
    As part of its strategy for the exploration and development of new mineral deposits in the territory of the Russian Federation MMC Norilsk Nickel provides the information on the ore reserves and mineral resources at the Bystrinskoye deposit. The audit of the ore reserves and mineral resources ...
  • 2007-04-23 10:47:32
    Net income was up by 56.3% in Q1
    Magnitogorsk Iron and Steel Works announced its financial statements for the first quarter of 2007, reported in accordance with Russian Standards of Accounting Reporting. These results are for JSC MMK only and not its subsidiaries. JSC MMK’s net revenues for the first quarter of ...
  • 2007-04-23 10:10:47
    VSMPO-Avisma has rolled back its IPO
    Titanium corporation VSMPO-Avisma has rolled back its IPO for an indefinite period of time. Russian corporation VSMPO-Avisma, the world’s biggest manufacturer of titanium products for the aerospace industry has decided to postpone its initial public offering for an indefinite ...
  • 2007-04-23 01:52:14
    TMK Announces Top Management Appointments
    JSC TMK, announced today that it has appointed Vladimir Shmatovich as its Senior Vice-President for Strategy and Business Development. After leading TMK’s IPO as CFO, Mr. Shmatovich will now focus on TMK’s strategic development, including mergers and acquisitions, the ...
  • 2007-04-20 14:45:29
    VSMPO-AVISMA to Increase Titanium Products Output up to 44 thou. Tons by 2012
    A project of the Program of Strategic Development up to 2012 and budget of the company for 2007 have been considered at the meeting of the board of directors of VSMPO-AVISMA Corporation in Ekaterinburg. The board of directors has approved the concept of the Program of Strategic Development of ...
  • 2007-04-20 14:04:23
    Reconstruction of 250 Merchant Mill has Completed at Nizhnie Sergy Metalware and Metallurgical Plant
    The main reconstruction works of 250 merchant mill have completed at Nizhnie Sergy Metalware and Metallurgical Plant, reported Maxi-Group press center. Thus, due to the new double-stranded mill output of rebar steels will reach 1 mln tons in 2007. The reconstruction of the rolling ...
  • 2007-04-18 14:32:24
    SeverStal invests $77 million
    SeverStal invests $77 million at its Cherepovets steel plant to boost production of rolled products for the construction industry SeverStal today announced an investment of $77 million at its Cherepovets plant to improve its continuous hot-dip galvanizing (HDG) line. The investment is in ...
  • 2007-04-18 10:15:28
    Rebar Rolled Products: Production, Consumption and Prices for 2007 Season
    Rebar Rolled Products: Production, Consumption and Prices for 2007 Season, conference will be held tomorrow on April 19. The conference will be organized by Metal Supply and Sales magazine and supported by the Russian Union of Metal and Steel Suppliers. Russian rebar rolled products ...
  • 2007-04-18 00:09:38
    Signing of agreement on complex development of lower Angara region
    The parties involved in the Complex Development of Lower Angara Region Project, signed an agreement on joined financing through the resources of the Russian Investment Fund as well as commercial enterprises. The project is based around the Boguchanskoye Energy and Metals Complex. The ...
  • 2007-04-17 12:18:33
    Rusal to produce 1 mln Tones of Aluminium in Q1
    United Company RUSAL has today announced production results for the Q1 of 2007  achieved by the combined facilities of RUSAL, SUAL and the alumina assets of Glencore. Aluminium production rose by 2.5% compared to the same period of last year and reached 999.4 thousand tones. Alumina ...
  • 2007-04-17 11:55:38
    NLMK posts higher 2006 net profit
    JSC Novolipetsk Steel (“NLMK”, “the Group”) today announced its preliminary consolidated US GAAP results for the 2006 year. Revenue stepped up 38 percent to around $6.046 bln. The company's EBITDA grew 26 percent to $2.631 bln and EBITDA margin amounted to 44 ...
  • 2007-04-17 11:16:13
    Raspadskaya Mine saw weaker financials
    Raspadskaya Mine released FY06 IAS consolidated financials. According to the report, the company saw weaker financials. Sales dipped 13.4% to $468.8 mln, EBITDA plunged 24% to $260 mln and net income crashed 33% to $120 mln. According to the ...
  • 2007-04-17 11:03:16
    NLMK to approve a decision to declare cash dividends for 2006
    On April 16, 2007 NLMK's Board of Directors took the decision to hold a General Shareholders' Meeting on June 5, 2007. The Company's Board of Directors has recommended that the general shareholders' meeting approve a decision to declare cash dividends for 2006 on ordinary issued shares in the ...
  • 2007-04-16 16:57:12
    Mechel announces the early completion of privatization contract for Mechel Campia Turzii
    JSC Mechel  (NYSE: MTL) announces the early completion of its obligations under the privatization contract for its Romanian steel plant, Mechel Campia Turzii. The Authority of State Assets Recovery of Romania has formally confirmed the fulfillment of all the investment obligations ...
  • 2007-04-16 13:14:39
    OMZ to Supply 4 Coke Chambers for Rub 330 mln
    OMZ (Uralmash-Izhora Group) has won a tender and signed a contract for supply of 4 coke chambers to Ufaneftehim, repots OMZ press-center. The cost of the transaction is more than Rub 330 million. The equipment will be delivered in the first half of 2008.
  • 2007-04-16 12:09:03
    Alteams Vyborg enterprise considers a possibility to build an aluminum plant in Vyborg
    General management of Alteams Vyborg enterprise considers a possibility to build an aluminum plant in Vyborg (the Leningrad region), reports Our City media group. Presumably about 100-150 employees will work at the new plant. Alteams Vyborg belongs to Alteams, the Finnish group ...
  • 2007-04-16 11:22:29
    V. Vekselberg and B. Gilbertson have started a new project
    SUAL Ex-President Brian Gilbertson and the main owner of the company Victor Vekselberg have started a new large-scale project together in spite of the rumors about conflict between them. V. Vekselberg plans to become the biggest shareholder of Pallinghurst Resources Investfund, ...
  • 2007-04-13 13:59:28
    Belon will invest in the development of production in Kuzbass Rub 5 bln
    A. Tuleev, Governor of the Kemerovskiy region and A. Dobrov, President of Belon Group have signed a protocol to agreement on a social and economic partnership in 2007. This year Belon will invest in the development of production in Kuzbass Rub 5 bln. The funds will used on modernization and ...
  • 2007-04-13 10:50:41
    Mechel to Create New Energy Business
    Mechel announces fulfillment of its obligations following the results of the auction to acquire Southern Kuzbass Power Plant JSC Mechel  (NYSE: MTL) announces the fulfillment of its obligations related to the previously announced acquisition of 93.35% of the shares of Southern Kuzbass ...
  • 2007-04-12 12:41:29
    A new version of directory
    Metal Supply & Sales, Information and Publishing Service together with Steel Services Centers Institute have published a new version of directory on ferrous and nonferrous producers, steel traders, steel service centers, equipment producers and other participants of the steel market. The ...
  • 2007-04-12 11:59:22
    There is no factual confirmation about possible merging
    There is no factual confirmation about Pipe Metallurgical Company (TMK), Russia's largest pipe producer and Ukraine's Interpipe possible merging, Sergey Iliyin, Chief of Public Relations Dpt., TMK said on Wednesday. We will not comment on these rumors, rather we will comment on the news ...
  • 2007-04-12 11:42:44
    TMK announces the admission of its ordinary shares to trading on the Moscow Interbank Currency Exchange
    JSC TMK, one of the world’s largest oil and gas pipe producers and Russian pipe industry market leader, announces the admission of its ordinary shares to trading on the Moscow Interbank Currency Exchange (MICEX) under the ticker symbol TRMK. “TMK has had a positive experience ...
  • 2007-04-12 11:30:58
    Abramovich and Rossel are discussing questions concerning the perspective of Evraz in Sverdlovsk region
    In Ekaterinburg, Roman Abramovich and Eduard Rossel are discussing questions concerning the development of the Central Urals industry, paying special attention to the development of Evraz - Holding Enterprises, operating on the territory of the region. Press-service of the regional ...
  • 2007-04-12 10:18:42
    Mechel could allocate $250 mln to dividend payouts
    Mechel could raise dividends in line with US GAAP net income growth which, according to Antanta Capital’s estimates, reached about $500 mln in FY06, up 30% y-o-y. Therefore, the steelmaker could shell out up to $250 mln as FY06 dividends. The company’s dividend policy calls ...
  • 2007-04-11 12:42:24
    TMK, Interpipe to Consolidate into World Leader
    Pipe Metal Co. (TMK) of Dmitry Pumpyansky is in consolidating talks with Ukrainian Dmitry Pinchuk’s Interpipe. Should the parties finally agree, the united company will outpace Tenaris, which leads worldwide on this market. It was Reuters that reported yesterday about ...
  • 2007-04-11 00:49:00
    A new version of directory
    Metal Supply & Sales, Information and Publishing Service together with Steel Services Centers Institute have published a new version of directory on ferrous and nonferrous producers, steel traders, steel service centers, equipment producers and other participants of the steel market. The ...
  • 2007-04-10 12:18:36
    MMK to plan a 7 year investment program costing $5.2 bln
    Magnitogorsk Iron and Steel Works (MMK) plans to use the proceeds from its additional share issue in London and Russia to finance the company's 2007-2013 investment program worth $5.2bn, a source close to the banking sphere told RBC today. Hence, MMK will float 30 percent of its additional ...
  • 2007-04-10 11:18:16
    ROSATOM and United Company RUSAL to establish an energy and metals complex
    ROSATOM and United Company RUSAL have signed a memorandum on the joint implementation of long-term investment projects. The signed document provides for the detailed exploration of opportunities to establish an energy and metals complex in the Far East comprising a nuclear power plant and an ...
  • 2007-04-10 10:40:36
    Italian Helicopters Take Off in Russia
    OPK «Oboronprom» and the Italian Augusta Westland have begun negotiations on the licensed assembly of the six-ton AW-139 helicopter at the Ulan-Ude aviation plant, repots   Kommersant . A framework agreement should be signed in May.
  • 2007-04-09 13:30:26
    The price range for GDR had been set between $12.25 and $15.50 per receipt
    Magnitogorsk Iron and Steel Works (MMC) has confirmed earlier media reports that the price range for its GDRs had been set between $12.25 and $15.50 per receipt, repots RBC. The final offering price and the start date for conditional dealings were forthcoming in late April 2007. The ...