Metallurgy news

Mechel Expands Long-Term Coal Supply Agreement with Japan’s Itochu Corporation

Mechel PAO reports expansion of the sales agreement with a major Japanese universal trading company Itochu Corporation. The agreement stipulates that Mechel and Itochu Corporation agreed on potential sales of up to 800,000 tonnes of coking and thermal coal between December 2018 and March 2020. The coal will be shipped from Mechel’s Southern Kuzbass Coal Company and Elgaugol. The price will be determined by mutual agreement. Japan’s major consumers and Asian steelmaking and power facilities will ...
18 December 2018., 11:57   comment

Severstal, RUSNANO and Windar Renovables opened Russia’s first production of wind turbine towers

PAO Severstal ("Severstal"; "the Company"), one of the world’s leading vertically integrated steel and steel-related mining companies, RUSNANO MC and Windar Renovables S.L. have opened the production steel towers for wind-driven power plants. A solemn opening ceremony of the LLC WRS Towers, a joint venture of Severstal, Windar Renovables S.L. and RUSNANO for the production of wind turbine towers took place in Taganrog of Rostov region. The heads of the joint venture participants and representatives ...
18 December 2018., 11:56   comment

NLMK Group to boost second-largest Lipetsk furnace capacity by 8%

NLMK Group has embarked on a large-scale reconstruction of Blast Furnace No. 6 (BF-6) at its Lipetsk site. The project will enable an 8% increase in BF capacity to 3.4 million tonnes of pig iron per year, significantly improve its environmental performance, and extend its interrepair cycle by 50% to 25 years. Investment in the upgrade will exceed RUB 34 billion. Currently, work is underway to install new blast air heaters and dedusting systems, assemble main units and steel structures. These ...
18 December 2018., 11:51   comment

MMK named among the best enterprises in Russia in rating by WWF

The rating was initiated by the World Wide Fund for Nature (WWF) of Russia and the United Nations Environment Programme (Russian Federation Mission). The rating was carried out by the National Rating Agency on the basis of data on the activities of companies which was publicly available (reports, reports, media, official websites of companies). The final rating was formed based on the analysis of three components: the company's environmental management, environmental impact and disclosure of ...
18 December 2018., 11:48   comment

Metalloinvest increases productivity of Pellet Plant #3 by 5% this year

Metalloinvest has continued to implement its project to modernise Pellet Plant #3 (PP-3) at Mikhailovsky GOK. The first stage of modernisation was carried out on PP-3’s operational design in order to increase the efficiency of pellet production from mixes of iron ore concentrates from Mikhailovsky GOK and Lebedinsky GOK. As a result, PP-3’s productivity grew by 5%, equivalent to 250,000 tonnes of iron ore pellets per year. Earlier this year, Metalloinvest launched a concentrate intake facility ...
29 November 2018., 11:15   comment

NLMK Group at Metal-Expo 2018

NLMK Group, a global steel company with operations in Russia, the European Union, and the USA will take part in Metal-Expo’2018, the 24th International Industrial Exhibition that will be held on 13th-16th November at Pavilion No. 75, VDNH (Moscow). This year, the Company is happy to invite its current and prospective clients to its ‘NLMK Priority’ stand. The concept of the stand embodies one of NLMK’s key priorities: a high level of service. NLMK team will be there to share detailed information ...
28 November 2018., 11:30   comment

MMK receives gold at Metal-Expo

Magnitogorsk Iron and Steel Works (MMK) became the winner of the 24th International Industrial Exhibition "Metal-Expo`2018". The company won a gold medal for the development and implementation of a production logistics data system, allowing for a significant increase in productivity. The prize was awarded at the end the forum held in Moscow on November 13-16. Competition winners include leading Russian metallurgical companies and research teams that have developed and successfully introduced ...
28 November 2018., 11:27   comment

Mechel Reports the 9M 2018 Financial Results

Mechel PAO (MOEX: MTLR, NYSE: MTL), a leadingRussian mining and steel group, announces financial results for the 9M 2018. Mechel PAO’s Chief Executive Officer Oleg Korzhov commented: “The Group’s nine months 2018 financial result from operating activities demonstrated a small growth year-on-year. The third quarter turned out weaker than the previous one. “The key factors that impacted the dynamics of our results were the necessary planned repairs at our steelmaking facilities that have been ...
28 November 2018., 11:22   comment

SMS group Welcomes to its Stand

The SMS group, a regular Metal-Expo exhibitor unites global players in plant and machinery construction for processing steel and NF metals, operating under the roof of SMS Holding GmbH. The family-owned company - now run by the fourth generation - stands out with its strong market position and corporate culture of responsibility, together with high-performance products and services tailored to individual customer requirements. The SMS group combines the flexibility of medium-sized company units ...
11 May 2018., 14:36   comment

MMK open for industrial tourism

Magnitogorsk Iron and Steel Works (MMK) has launched a project which allows guests to visit the company’s production site. Several sightseeing tours are now readily available to tourists. ‘Taming the Fire’ – This tour includes a visit to Russia’s largest blast furnace plant and the unique complex of Mill 5000 whose products are used to supply manufacturers of large diameter pipes, as well as shipbuilding and bridge construction companies. You can visit the workshops and the plant’s science and ...
19 October 2018., 14:49   comment

Severstal reports Q3 & 9M 2018 financial results

PAO Severstal (MICEX-RTS: CHMF; LSE: SVST), one of the world’s leading steel and steel-related mining companies, today announces its Q3 & 9M 2018 financial results for the period ended 30 September 2018. Q3 2018 vs. Q2 2018 ANALYSIS: Group revenue declined 8.7% q/q to $2,063 million (Q2 2018: $2,259 million) due to reduced sales volumes of steel products and iron ore pellets, which reflects the high-base effect of Q2, as well as declining steel prices q/q. Group EBITDA declined 12.1% q/q, to ...
19 October 2018., 14:41   comment

Ural Steel successfully passes steel production audit

Ural Steel (part of Metalloinvest) has successfully passed the audit of its steel products for compliance with the European standards. TÜV Thüringen e.V. (Erfurt, Germany), one of the leading international certification groups, renewed the compliance certificates for the Company’s steel products used for manufacturing metal structures and vessels handling high pressures. Ural Steel’s production of constructional steel for metal and reinforced-concrete structures were tested for compliance ...
19 October 2018., 14:37   comment

Nordgold Reports Results of General Meeting

The General Meeting (the “Meeting”) of Nord Gold SE (“Nordgold” or the “Company”), the internationally diversified gold producer, was held on Friday, 28 September 2018, at 11 am BST at the offices of Celtic Resources Holdings Limited, Fetcham Park House, Lower Road, Fetcham, Leatherhead, Surrey, KT22 9HD. At the Meeting, the resolutions set out in the notice of the Meeting were proposed and passed on a poll. The voting figures are shown below. A total of 336,066,776 ordinary shares (representing ...
10 December 2018., 15:33   comment

NLMK Group launches construction of stamp charging complex at Altai-Koks

NLMK Group, a global steel company, has embarked on a project to implement stamp charging technology at an operating coke oven battery at Altai-Koks, a leading Russian manufacturer of metallurgical coke. This project, which is worth a total of 3.3 billion rubles, will boost coke quality and reduce the cost of its production, and improve the environmental footprint of operations. Stamping technology is under implementation at Coke Oven Battery No. 5, the biggest and the most advanced coke oven ...
10 December 2018., 15:25   comment

Severstal reports Q3 & 9M 2018 operational results

Severstal (MICEX-RTS: CHMF; LSE: SVST), one of the world’s leading vertically integrated steel and steel-related mining companies, today announces its operational results for Q3 & 9M 2018. Q3 2018 GROUP HIGHLIGHTS Hot metal output increased 2% in Q3 2018 to 2.30 mln tonnes (Q2 2018: 2.26 mln tonnes) compared with the previous quarter after short-term maintenance works at BF#4 and BF#5. Crude steel productionincreased 2% to 3.06 mln tonnes (Q2 2018: 3.00 mln tonnes) in line with pig iron production ...
10 December 2018., 15:22   comment

Norilsk Nickel Board of Directors recommends interim dividend for the first half of 2018

The Board of Directors of MMC Norilsk Nickel, the world’s largest refined nickel and palladium producer, has set the Extraordinary General Meeting of shareholders (EGM) date on September 19, 2018 and the EGM record date (the list of shareholders eligible to vote) on August 27, 2018. The Board of Directors has recommended for the EGM approval an interim dividend for the first half of 2018 in the amount of RUB 776.02 per ordinary share (approximately USD 11.37 at the RUB/USD exchange rate the ...
10 December 2018., 15:18   comment

Enviromental Approval Granted To Udokan Mmining And Metallurgical Plant

According to the Order of the Directorate of Rosprirodnadzor (Federal Service for the Supervision of Use of Natural Resources) for Zabaikalye Region, the state environmental expert committee of the federal level approved design documentation for Udokan Mining and Metallurgical Plant Stage 1 with the capacity of 12 mtpa of ore. The expert committee found that Udokan Mining and Metallurgical Plant project prepared by Baikal Mining Company fully complied with the environmental requirements established ...
10 December 2018., 15:15   comment

Metalloinvest and ChelPipe Group discuss ways to boost OEMK steel supply for pipe production

Metalloinvest (“the Company”), a leading global iron ore and HBI producer and supplier, and one of the regional producers of high-quality steel, and ChelPipe Group have held a Coordination Committee meeting at OEMK (part of Metalloinvest). During the meeting the parties discussed options to increase supplies of high quality steel grades from OEMK to Pervouralsk New Pipe Plant (part of ChelPipe Group). Experts from ChelPipe Group visited the main departments of the OEMK plant, learned about technologies ...
10 December 2018., 11:06   comment

Domestic Rolled Products Output to Grow 0.9% in 2018

According to the forecast of the Ministry of Economic Development of the Russian Federation domestic steel rolled products output will reach 61.5Mt in 2018 (+0.9% compared to 2017). Rolled products export is expected to reach 28Mt (+0.3% compared to 2017), import: 5.5Mt (+1.4%). Rolled stock domestic consumption will reach 39Mt in 2018 (+1.4% compared to 2017). Reportedly, steel tubes output will reach 11.1Mt in 2018 (97% on last year’s output), export: 2Mt (93.4% on 2017 output), import: 0.52Mt ...
10 May 2018., 12:54   comment

Metal Week in Moscow is on the Way

30 heads of steel and construction industries unions, members of Metal-Expo’2018 Organizing Committee met yesterday in Moscow. More than 500 steel companies from 30 world countries have already confirmed their participation in Metal-Expo’2018 (November 13-16, Hall 75, VDNHa, Moscow, Russia). Along with the leading Russian ferrous and non-ferrous producers and engineering companies European and Asian engineering and steel companies arrange their expositions on the 27000 sqm exhibition space. ...
10 May 2018., 12:52   comment