Metallurgy news

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  • 2007-04-09 11:00:00
    Production, Consumption and Prices for 2007 Season
    The program of conference «Rebar Rolled Products: Production, Consumption and Prices for 2007 Season“, which will be held on April 19, 2007, in Renaissance Hotel Moscow has been framed. The conference is organized by «Metal Supply and Sales» magazine and supported by ...
  • 2007-04-09 00:01:31
    Alcoa Russia plans to raise output 18%
    Alcoa Russia plans to raise output 18% this year compared with 2006, said William O'Rourke, the head of the U.S. aluminium giant's Russia division. O'Rourke said Alcoa 's Russian enterprises boosted output 25% in 2006. Those enterprises shipped a record 21,000 tonnes of ...
  • 2007-04-06 12:41:00
    Industrial Union of Donbass Holding has begun construction of a steel rolling plant in Armavir
    Industrial Union of Donbass Holding (IUD) has begun construction of a steel rolling plant in Armavir (the Krasnodar region). IUD plans to set up a steel malting plant in Armavir to produce up to 1.5 mln tons of steel per year as well as two rolling mills with total capacity of up to 1.2 mln ...
  • 2007-04-06 12:18:42
    The fight for the victory is expected to be hot
    The fourth series of Russian billiards tournament for steel producers and traders within the 4 round Moscow Cup for Steel Producers and Traders is starting in Moscow on April 7. Each tournament player according to the won place gets certain scores which are summarized at the end of the ...
  • 2007-04-06 11:30:12
    Norilsk Nickel is in talks with banks over crediting for $1.5 bln
    Norilsk Nickel, the world's largest producer of nickel and palladium, is in talks with banks over crediting for $1.5 bln, repots Finam.ru. Since Nornickel did not expect that it had to redeem 19.5% shares of WGC-3 for $1.6 bln, it borrows money for these unforeseen expenses. Soon the ...
  • 2007-04-06 00:23:41
    Mechel has Increased Steel Output by 19% in Q1 of 2007
    As reported in the press release of the company, in the first quarter of 2007 Mechel produced 930 thousand tons of pig iron, which is 13% more as compared to the same period of 2006; steel - 1.488 mln tons (+ 9% to Q1, 2006), rolled products - 1,274 mln tons (+ 19%), including flat products - ...
  • 2007-04-05 23:42:18
    The report estimates a value of USD $1.676 bln for Kimkanskoye and Sytarskoye deposits
    Aricom Plc (AIM: TIO), the English-Russian developer of mineral resources, has announced that Wardell Armstrong International ( “WAI”) independent consultant has estimated the cost of Aricom’s K&S (Kimkanskoye and Sytarskoye diposits situated in Evreyskaya ...
  • 2007-04-05 21:45:04
    TMK has increased shipments of pipe products by 12% in Q1 2007
    In Q1 TMK shipped 783.800 tn of pipes, which is almost a 12% increase on the amount shipped in the same period last year (700.300 tn). Q1 2007 saw shipment volumes increase across all product groups compared to the same period last year. Overall the amount of seamless pipes shipped rose ...
  • 2007-04-05 11:42:04
    MMC Norilsk Nickel established own corporate university
    One more structural unit has been established by MMC Norilsk Nickel-on April 1, 2007 the Corporate Educational Centre (Moscow Head Office of the Company) and Personnel Training Centre (Polar Branch, Norilsk) were merged into Norilsk Nickel Corporate University, a non-governmental educational ...
  • 2007-04-05 00:22:28
    Russia to Assess WTO before Presidential Elections
    Completing talks on accession to the World Trade Organization (WTO) in 2007 is of the "utmost importance" for Russia so that it becomes a member of the organization before Russian parliamentary and presidential elections, Economic Development and Trade Minister German Gref said 4 ...
  • 2007-04-04 14:50:00
    Karelsky Okatysh to Begin Development of New Iron Ore Deposit
    Karelsky Okatysh has begun to excavate and process Korpanga a new iron ore deposit whose resources are estimated at 320 million tones, reports press-center of Severstal-Resurs. A total of over US$ 100 million, the development of Korpanga is Karelsky Okatysh's largest investment project to ...
  • 2007-04-04 13:35:53
    The net profit of Novolipetsk Steel increased by 43.6%
    The net profit of Novolipetsk Steel (NLMK) under Russian Accounting Standards (RAS) surged 43.6 percent to RUR50.508bn (approx. USD1.94bn) in 2006 compared to a year earlier, the company's official documents state. NLMK's revenue went up 17.7 percent to around RUR140.302bn (approx. USD5.40bn) ...
  • 2007-04-04 11:36:17
    Chusovoy Steel Works has increased the production of automobile springs by 23% in March
    Chusovoy Steel Works (CSW, the Perm region) manufactured 7.4 thousand tones of automobile springs - is 23% more as compared with the same period of 2006 (6 thousand tones), UMC’s press-center reports. Since beginning of 2007 the production of automobile springs is created 18.2 ...
  • 2007-04-04 11:24:29
    Komi Aluminum has completed preparation of alumina plan's project
    Komi Aluminum has completed technical documentation for the building of alumina plant in the Sosnogorskiy region of Komi Republic. The capacity of the future plant is estimated at 1.5 mln tons of alumina per year, reports Komiinform. Bauxite of Timan, JSC (80% of its shares belong to ...
  • 2007-04-04 00:54:18
    ThyssenKrupp Hoesch Bausysteme to expand its share in the Russian Market
    ThyssenKrupp Hoesch Bausysteme is intended to enlarge its presence in the Russian building materials market, the Chairman of the company’s administration reported to “Metal Supply & Sales”. According to him Russia and Eastern Europe show the biggest demand for building ...
  • 2007-04-03 12:26:44
    Metallurgical Plant Named after A.K. Serov increased producing of sized steel on 24.1%
    In January - February 2007 Metallurgical Plant Named after A.K. Serov produced 15.2 thousand tons of sized steel, which is 24.1% more as compared to the same period of last year. Over the two months of 2007 the enterprise produced 80.6 thousand tons of finished rolled products (+15.8% as ...
  • 2007-04-03 10:01:05
    Denis Morozov takes up his appointment as General Derictor of MMC Norilsk Nickel
    On April 3, 2007 Denis Morozov took up the post as General Director of MMC Norilsk Nickel. Mr. Morozov, previously Deputy General Director and Member of the Management Board of MMC Norilsk Nickel, was unanimously elected to the highest corporate position by the Board of Directors at their ...
  • 2007-04-03 00:45:45
    JSC Severstal announces its audited results for the year ended 31 December 2006
    Severstal’s consolidated revenues increased by 19.1% to $12,423 million in 2006 from $10,432 million in 2005, attributable to a stable price environment in all geographies and product mix improvements, as well as the effect of consolidation of Lucchini, which was included only for eight ...
  • 2007-04-02 15:41:49
    Victor Rashnikov was again elected the Chairman of the Board of Directors
    The Annual General Shareholders’ Meeting was decided that the dividends on ordinary shares based on the Company’s 2006 results will be paid in the amount of 0.891 rubles per share. The new Board of Directors of OJSC “MMK” was elected.  The Board of Directors ...
  • 2007-04-02 11:54:27
    Severstal - Metiz has begun to set up metal netting production
    Dneprometiz, incorporated in Severstal - Metiz Group following its production strategy has begun to set up metal netting production. The main tasks of the project are expansion of range of woven nettings and mastering of new types of products (welded meshes in coils) increasing output up to ...
  • 2007-04-02 11:22:00
    Norilsk Nickel: net income growth is 330%
    Net income in Q406 climbed 4.3-fold to $3 bn on the same period in 2005 ($720 mn) and by 110.8% compared with earnings in Q306, which totaled $1.6 mn. The surge in net income is attributable above all to the higher prices for ...
  • 2007-03-30 16:56:21
    Rexam’s Aluminium Cans Plant has been started in the Chelyabinsk region
    According to UralBiznesConsalting the project on building of Rexam ’s Aluminium Cans Plant has been started in the Chelyabinsk region. A line with an annual capacity of 800 mln 0,33 l and 0,5 l capacity cans per year will be set up at the plant. The plant will be put in operation ...
  • 2007-03-30 13:45:01
    NLMK agrees to sell Prokopievskugol
    Kuzbass Asset Holdings Limited, a subsidiary of OJSC Novolipetsk Steel (LSE: NLMK), has agreed to sell the Prokopievskugol Group of Companies to a Municipal State Company representing the City Administration of Prokopievsk. According to the agreement, the transaction price is USD1.  The ...
  • 2007-03-30 11:30:27
    Severstal announces changes in mining segment
    Severstal announces, that its stakes in Berezovskaya Mine, Pervomayskaya Mine, Vorkutaugol, Vorgashorskaya Mine, OLKON and  Karelsky Okatysh, previously owned by the company, were sold to Holding Mine Company, which is 100% owned by Severstal. It was done to improve the management ...
  • 2007-03-30 02:34:52
    JSC Mechel announces winning the auction to acquire 93.35% of the shares of JSC Southern Kuzbass Power Plant
    The acquisition of Southern Kuzbass Power Plant is in line with Mechel's strategy to further develop its mining segment. The objective of acquiring Southern Kuzbass Power Plant is to increase Mechel’s performance through the possibility of producing high value added product in the form ...
  • 2007-03-29 10:34:19
    Belon Group Enterprises to be Supplied with Conveyer Belt
    Belon Group has called a tender among Russian and international companies for the delivery of a conveyor belt to its carbon enterprises. The winner of the competition has become Saranrezinotekhnika (Kazakhstan) and SEMPERTRANS BELCHATOW S.A. (Poland). The total cost of the contracts will ...
  • 2007-03-29 10:16:13
    The 50th anniversary of The CTDQ
    More than 730 steel grades have been mastered, around 3 thousand types of products have been dispatched, and around 650 scientific developments have been patented over 50 years with the direct participation of the Center of Technical Development and Quality CherMK JSC Severstal. Mr. A ...
  • 2007-03-28 11:49:15
    UMMC plans to invest Rub 400 mln
    UMMC plans to invest about Rub 400 mln in set up of sewage treatment plant in double superphosphate plant of JSC «Sredneuralsky Copper Smelter» (SUMZ). The German company «Enviro-Chemie GmbH» completed a project of setting up of sewage treatment plant in March. A ...
  • 2007-03-28 11:25:17
    The Company OMZ-Special Steels has completed the delivery of 6 turbine rotors for Electric Power Company
    The Company OMZ-Special Steels integrated in OMZ corporation has completed the delivery of 6 turbine rotors for Electric Power Company (China) - the biggest electric power producer in Shanghai. The cost of the contract singed in 2005 is about USD 3.5 mln.
  • 2007-03-28 11:04:52
    Net income of one of Russia’s largest coal makers South
    Net income of one of Russia’s largest coal makers South Kuzbass, part of Mechel Group, was cut more than half to $28.9 mnl in 2006. The company considers the main reason for such a fall in net income has become cancellation of the coal maker’s shares redeemed at shareholders’ ...
  • 2007-03-27 14:25:52
    Russian Foundry Products Market Tends to Expand
    By 2015 consumption of aluminium profiles in the Russian building complex can grow up to 340 thousand tons, flats - up to 80 thousand tons - Mr. Makarov, Scientific Adviser of Alusil, has given such forecast at the international conference “Aluminium Casting”, which has opened ...
  • 2007-03-27 12:47:49
    Net Profit of Russian Copper Company has Increased 4.4 Times up to $141.98 mln
    According to IFRS preliminary estimations consolidated net profit of Russian Copper Company in 2006 equaled to $141.977 mln which is 4.4 more as compared to 2005 ($32.434 mln.) The accounting income of Russian Copper Company has increased 1.8 times up to $1.034 bln from $571.396 mln, EBITDA ...
  • 2007-03-27 12:11:27
    Mechel's Chelyabinsk plant to boost stainless steel output 650% by 2011
    The Mechel (RTS: MTLR) group plans to increase production of hot-and cold-rolled stainless steel products at its Chelyabinsk Iron & Steel Plant (RTS: CHMK) by 650% by 2011, to 300,000 tonnes per year. The group's strategic marketing chief, Alexander Malanichev Wednesday at the Stainless ...
  • 2007-03-27 10:49:51
    New York Court to Dismiss a Claim of BFI Group to RUSAL
    The judge of the New York Southern District Court has dismissed BFI Group's claim to RUSAL. The lawsuit has been dismissed for the New York Court has found no reason to try it. The reason for claiming has been the Company's acquisition of a majority stake of Aluminium Smelter Company of ...
  • 2007-03-26 12:19:52
    Nickel Group owns 46.2% of OGK-3 share capital
    Norilsk Nickel Group completed the acquisition of a part of OJSC OGK-3 additionally issued shares. The stake of 17,836 bln shares was bought at RUB 4.54 (USD 0.173) per share. Total cash consideration amounts to RUB 80,976 bln (USD 3,085bln). Total number of OGK-3 additionally issued ...
  • 2007-03-26 11:00:02
    MMK to announce intention to issue IPO
    Magnitogorsk Iron and Steel Works (MMK) has announced it is planning to have its GDRs representing its common shares listed on the London Stock Exchange as part of its global placement of the already existing and newly issued shares and GDRs. The flotation will take the form of an offering to ...
  • 2007-03-26 10:46:55
    UralKaly net income has been cut more than half
    UralKaly released its FY06 RAS net income. In line with the data, net income amounted to $135 mn or 2.06 times lower than in 2005 ($279 mn). For the time being, the fertilizer producer has not yet published its IAS net income, but we expect ...
  • 2007-03-23 13:26:39
    The first warrant’s annual rate of JSC "Koks" was 8.7%
    Demand for the Bonds of the Second Issue by JSC «Koks» exceeded supply by 60% 22 March 2007 OAO Koks issued bonds raising 5 billion rubles for 5 years. It was the second bond placement of JSC «Koks». As a result of the tender the first warrant’s annual rate was ...
  • 2007-03-23 10:22:43
    Net income was up 50.6% in 2006
    JSC Magnitogorsk Iron & Steel Works, one of Russia’s leading integrated steel companies, announced its audited consolidated financial statements for FY 2006, reported in accordance with US Generally Accepted Accounting Principles (US GAAP). MMK Group’s net revenues in 2006 ...
  • 2007-03-23 06:55:16
    Metalloinvest to start steel mill construction in UAE in II quarter of 2007
    Metalloinvest Management Company will start site construction works to build a still mill ( Hamriyah Steel) in the UAE in the second quarter of 2007. The project aimed at export markets diversification and added-value production output increase will take two years to be completed. ...
  • 2007-03-23 00:16:37
    HydroOGK and RUSAL announce the successful closing of a deal to secure a bridge-loan of USD 520 mln to finance the Boguchanskoye Energy and Metals Complex project
    HydroOGK, the leading renewable energy producer in Russia, and RUSAL, the world’s top-three aluminium producer, announce the successful closing of a deal to secure a bridge-loan of USD 520 mln to finance the Boguchanskoye Energy and Metals Complex project. The loan is granted for a ...
  • 2007-03-22 23:17:47
    Evraz Group is planning to buy a little more than 5% share holding of Nizhniy Tagil Iron and Steel Works
    According to Evraz Group press service the company is planning to buy a little more than 5% share holding Nizhny Tagil Iron and Steel Works. Mastercroft Limited, the company’s subsidiary that owns 94.997% of Nizhniy Tagil Iron and Steel Works, has offered 65.541 million shares (a little ...
  • 2007-03-22 13:41:24
    Norilsk Nickel to Increase its Share in Buryatiya Power Engineering up to 46,5%
    WGC-3 (Wholesale Generating Company) has summed up an additional emission of shares in Buryatiya. During the additional emission the company has floated 18 bln of shares for 4,54 rubles which will be fully bought by Norilsk Nickel Mining and Metallurgical Company. Norilsk Nickel Mining ...
  • 2007-03-22 12:43:37
    ORMETO-YUMZ to Satisfy the Needs of an Indian Metallurgical Company in Rollers 80%
    ORMETO-YUMZ has concluded a contract with the largest Indian steel maker Steel Authority of India (SAIL) on supplies of rollers for hot and cold rolling mills in the first half of 2007. According to Metalloinvest press service, the cost of the contract has amounted to $11,5 mln. ORMETO-YUMZ ...
  • 2007-03-22 11:44:28
    Novosibirsk Metallurgical Works Named after Kuzmin to Invest 40 mln Rubles into Ecological Projects
    Novosibirsk Metallurgical Works Named after Kuzmin will invest 40 mln rubles into projects aimed at increase of ecological safety. According to the press service of Estar Management Company, this is almost 5 times more as compared to 2006. This year the works plans to invest a considerable ...
  • 2007-03-21 16:50:07
    RUSAL will give credit for USD 500 mln
    RUSAL, the world's top-three aluminium producer, announces the successful completion of a deal to secure a syndicated loan of USD 500 mln to bring the Khakas Aluminium Smelter up to full capacity and refinance the previously secured loans. The deal is a rare example of a classic project ...
  • 2007-03-21 10:58:40
    Evraz: drop in quotation was short-term
    After yesterday’s decline triggered by news of a methane explosion at the Ulyanovskaya Mine, Evraz Group’s depositary receipts virtually won back losses to the price levels of Monday’s close. It looks as though the market soon realized ...
  • 2007-03-21 10:47:29
    An average repair of a boiler have begun at MMK
    An average repair of a boiler unit «Babkok-Vilkoks» # 4 of boiler sites # 2 of steam boiler power station have begun at MMK. The repair will take 25 days. Electrorepair of MMK, JSC acts as the contractor. The steam boiler power station is designed to blow blast ...
  • 2007-03-20 12:21:35
    The Company Coverico Holdings Co. Limited has purchased 12,18% of shares of Norilsk Nickel
    The Company Coverico Holdings Co. Limited has purchased 12,18% of shares of Norilsk Nickel, a mining and metallurgical company. Before the transaction Coverico share was 0%. Interros press-service has informed that the changes in stockholders are of technical character and they will not cause ...
  • 2007-03-20 11:58:20
    Kirov Plant to Invest Rub 1,63 bn in Building of New Foundry
    Kirov Plant ( St. Petersburg ) has determined the main points of its investment program in 2007-2011. The program includes building of a new foundry in Gorelovo village (project cost Rub 1,63 bn), modernization of the production facilities of Petersburg Tractor Plant (project cost ...