Metallurgy news

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  • 2013-03-05 11:03:32
    The Trade Taskforce of the Business 20, led by Alexey Mordashov, urges the G20 leaders to sign the WTO Trade Facilitation Agreement
    The Trade Taskforce of the Business 20 (“B20”), with Alexey Mordashov, CEO of Severstal, as a Co-chairman, calls for the G20 leaders to complete the WTO Trade Facilitation Agreement negotiations in 2013 to help jump start the global economy. “G20 countries ...
  • 2013-03-05 11:01:05
    NLMK reports continued environmental improvements
    In 2012, Novolipetsk, NLMK’s main production site in Lipetsk, completed 120 environmental projects as compared to 100 in 2011, with investments totaling approximately RUB 1.3 billion as compared to RUB3.9 billion in 2011. As a result, even with the 25% increase in steel ...
  • 2013-03-01 16:52:50
    March order book completed at the Cherepovets Steel Mill
    Cherepovets Steel Mill (“the company”), part of Severstal Russian Steel, a division within OAO Severstal, one of the world’s leading steel and steel-related mining companies, has already completed its order book for March and has employed its rolling facilities at ...
  • 2013-03-01 14:57:51
    NLMK approves upstream efficiency enhancement programme at main production site
    In February 28, 2013, NLMK Group (LSE: NLMK), a leading global steel producer, held a management board meeting at its main production site in Lipetsk. The management board approved a business process improvement programme for its flagship Lipetsk site to further enhance the ...
  • 2013-02-25 15:27:07
    Coated steels processing shows good dynamics
    Steel processing including coated steels forms a large segment in the steel industry. Consumption of galvanized and polymer coated steels grows every year in Russia (the marked capacity exceeded 5Mt in 2012). A major part of coated rolled products is processed into high conversion products ...
  • 2013-02-18 10:30:42
    UC RUSAL First Deputy CEO Vladislav Soloviev concludes successful visit to Guinea as part of a Russian governmental delegation
    UC RUSAL is pleased to announce that a group of the Company's executives concluded a successful visit to Guinea as part of a Russian governmental delegation to meet Guinea president Alpha Conde and other officials with Russian Foreign Affairs Minister Sergey Lavrov. During the visit ...
  • 2013-02-15 10:32:07
    Vorkutinskaya resumes production
    This morning production restarted at the Vorkutinskaya mine, except for one affected area that will remain suspended for 90 days as dictated by the Russian Federal Service for Environmental, Technical and Nuclear Supervision. Normal production has resumed across the rest of the mine. ...
  • 2013-02-14 10:57:51
    TMK Announces New Appointments
    TMK announces the appointment of Alexander Lyalkov, Senior Vice-President of TMK, as Managing Director of Volzhsky Pipe Plant. Elena Blagova, Managing Director of Volzhsky Pipe Plant since 2007, shall join TMK Management Company to take responsibility for new projects. ...
  • 2013-02-13 16:35:48
    Acquisition of 100% of MMK-Trans completed
    Globaltrans Investment PLC (“Globaltrans” or the “Company”, and together with its consolidated subsidiaries, the “Group”; LSE ticker: GLTR) today announces that it has completed the acquisition of 100% of OOO MMK-Trans (“MMK-Trans”) for ...
  • 2013-02-12 15:07:15
    WSD confirms NLMK to be among the World’s Most Competitive Steelmakers
    NLMK Group (LSE:NLMK), a leading global steel producer, attained second place in the 2012 annual ranking of the World’s 35 Most Competitive Steelmakers. The ranking, prepared by the world’s leading steel information service World Steel Dynamics, was based on 23 factors including ...
  • 2013-02-08 12:30:59
    MMK Group Operational Trading Update for Q4 and FY 2012
    Key investment projects of MMK Group Mill 2000 The launch in July 2012 of the second stage of MMK’s new cold-rolling complex (continuous hot-galvanizing unit, annealing/hot-galvanizing unit and coil inspection line) marked the conclusion of construction ...
  • 2013-02-05 10:43:24
    Norilsk Nickel plans to invest RUB 75.4 billion
    The Board of Directors of MMC Norilsk Nickel (hereinafter, MMC Norilsk Nickel or the Company), the largest global nickel and palladium producer, approved the Company’s draft budget for 2013 submitted by the management. The budget ensures stable metals production by national ...
  • 2013-01-31 17:39:39
    Baikal Mining Company has updated the scope of Mineral Resources of the Udokan deposit
    Baikal Mining Company (part of Metalloinvest) has received an updated JORC-compliant estimate of Mineral Resources of the Udokan deposit as of 29.12.2012. The certificate is issued by SRK Consulting, which is an independent international consulting company specializing in the mining ...
  • 2013-01-29 09:50:03
    NLMK enhances employee collaboration to create efficiencies
    Novolipetsk, NLMK’s main production site in Lipetsk, announces the results of its annual innovation contest. Throughout the year, more than 1,600 employees from 55 of the company’s units took part in the contest. A total of 2,035 efficiency and 480 cost cutting proposals ...
  • 2013-01-21 13:16:55
    Zubtsovsky Machinery Plant to increase production
    In 2012 Zubtsovsky Machinery Plant has kept the output of titanium products on the level of 2011 year (naturally). Revenues have increased by 19% in funds value, which could be explained by increasing of the deeply processed product share in sales volume. The following products were ...
  • 2012-12-21 15:13:06
    Severstal - Result of Extraordinary General Meeting
    OAO Severstal (“Severstal”), one of the world’s leading vertically integrated steel and steel related mining companies, announces the results of voting on the resolutions proposed at the EGM held on 20 December 2012. The following resolutions were approved by ...
  • 2012-12-21 12:17:20
    Metal-Expo’2012 Results have been Announced
    A wash-up meeting of Metal-Expo Organizing Committee was held yesterday to announce results of Metal-Expo’2013, the 18th International Industrial Exhibition. The majority of Organizing Committee members highly evaluated the quality of Metal-Expo’2102 exhibitors for as ...
  • 2012-12-07 17:21:16
    60 world economies visited Metal-Expo’2012
    According to visitors’ registration results, along with exhibitors from 35 world countries, representatives from 60 economies visited Metal-Expo’2012 on November 13-16, 2012. Around 4% of the total number of Metal-Expo’2012 visitors account for international visitors, ...
  • 2012-12-05 13:49:42
    Severstal supports New York exhibition of Russian artworks from Mikhail Baryshnikov's collection
    Supported by OAO Severstal ("Severstal" or "Company"), Art That I Live With, an exhibition of Russian artworks from Mikhail Baryshnikov's collection opened at the ABA Gallery, New York on December 3. This is the first time that so many works from the legendary dancer's ...
  • 2012-12-05 11:27:30
    MMK announces the results of its RUR 5 bln bonds placement at MICEX
    On December 04, 2012 MMK placed its RUR 5 bln bonds (series 18) with the maturity period of 10 years. A 3 year offer is provided for the issue. The issue is included in the list “Б” at MICEX. The total value of demand from investors exceeded RUR 10,4 bln which translates ...
  • 2012-12-05 11:05:40
    NLMK closes the order book for its RUR 10 billion bond issue
    NLMK (LSE: NLMK), the leading global steelmaking company, closed the order book for its 08 bond issue on December 4, 2012. The issue has a total value of RUB10 billion, a maturity period of 10 years and a buy back offer in 3 years. In the course of marketing, book orders were placed by ...
  • 2012-12-04 15:27:37
    Interros, Millhouse and UC RUSAL reached principal agreement on resolving a situation around MMC Norilsk Nickel
    UC RUSAL (SEHK: 486, Euronext: RUSAL/RUAL, Moscow Exchange: RUALR/RUALRS), the world’s largest aluminium producer, and Interros company, MMC Norilsk Nickel's largest shareholder, have reached a principal agreement aimed to settle the shareholders’ conflict and envisaging ...
  • 2012-12-04 11:11:08
    TMK Acquires Controlling Stake in Pipe Plant in Oman
    TMK, one of the world's leading producers of tubular products for the oil and gas industry, has acquired 55% of Gulf International Pipe Industry L.L.C. (GIPI) located in Oman. The plant’s production capacity exceeds 200,000 tonnes of welded OCTG and line pipe for oil and gas ...
  • 2012-11-26 12:17:11
    Mechel Reports Temporary Suspension of Steelmaking Facilities in Romania and Ukraine
    Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, reports temporary halting of production facilities at Donetsk Electrometallurgical Plant (DEMZ), which is part of Mechel’s steel division, and the schedule for temporary suspension of production at the ...
  • 2012-11-26 12:15:43
    NLMK Indiana production beats all-time records
    Recently, the NLMK Indiana, a US subsidiary of NLMK Group, has broken all time production records. During January – October period of 2012 NLMK Indiana produced over 617,000 tonnes (hereinafter metric tonnes) of slabs and over 586,000 tonnes of hot rolled coils. Melt Shop ...
  • 2012-11-22 10:14:44
    Rearrangement in Norilsk Nickel top management
    OJSC MMC Norilsk Nickel (Company or MMC Norilsk Nickel) reports management rearrangement. Evgeny Muravyev, the incumbent Director of the Company’s Polar Division for the last 3 years, is promoted to the position of Deputy General Director of MMC Norilsk Nickel, effective as of ...
  • 2012-11-20 12:19:40
    OJSC MMC Norilsk Nickel reports acknowledged the best
    OJSC MMC NORILSK NICKEL (hereinafter Norilsk Nickel or the Company) gained various awards of the XV Annual contest of annual reports organized by OJSC “Moscow Stock Exchange”. The contest is held since 1998 all the way contributing for propaganda of advanced experiences in ...
  • 2012-11-20 12:18:47
    Severstal increases shipments to Russian and CIS car manufacturers
    During the first ten months of 2012, the Cherepovets Steel Mill (“CheMC”), part the Russian Steel division of OAO Severstal, one of the world’s leading steel and steel-related mining companies, has increased shipments of rolled steel to Russian and CIS-based car ...
  • 2012-11-20 11:16:23
    NLMK’s annual report wins awards in national contests
    NLMK’s 2011 Annual Report has brought home multiple awards from recent national and international contests. NLMK was recognized in five categories in the 15th Yearly Federal Contest of Annual Reports organized by the Moscow Exchange (http://konkurs.micex.rts.ru/en/default.aspx), ...
  • 2012-11-19 17:33:04
    Severstal adopts company-wide Anti-Corruption Policy
    Severstal, one of the world’s leading steel and steel-related mining companies, has adopted a company-wide Anti-Corruption Policy (“the policy”). The policy, signed by Alexei Mordashov, Severstal’s Chief Executive Officer, is aimed at ensuring that all of ...
  • 2012-11-19 09:54:24
    Mechel Has Attended Metal Expo’ 2012 Annual Exhibition
    Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, reports its participation in the 18th International Industrial Exhibition Metal-Expo’ 2012, which was held at the All-Russia Exhibition Center in Moscow on November 13-16, 2012. Some 700 organizations ...
  • 2012-11-19 09:53:13
    MMK Metalurji puts EAF and hot rolling facilities on halt for a period of up to 90 days
    This measure will allow the company to increase economic efficiency of the plant and help achieve positive profitability of MMK’s Turkish project. MMK Metalurji (an asset of Magnitogorsk Iron and Steel Works in Turkey) announced that its EAF and hot rolling facilities in ...
  • 2012-11-16 13:07:58
    NLMK to supply slabs to OMK
    NLMK has signed a long-term contract with Vyksa Steel Works (VMZ) (part of OMK, the United Metallurgical Company) for the supply of continuously cast slabs. These slabs will be rolled into plates at the VMZ Mill-5000 (MKS-5000) to be further used for the production of large-diameter ...
  • 2012-11-15 13:11:21
    Severstal reports Q3 & 9M 2012 financial results
    OAO Severstal (MICEX-RTS: CHMF; LSE: SVST), one of the world’s leading vertically integrated steel and steel-related mining companies, today announces its Q3 & 9M 2012 financial results. CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED 30 September 2012 ...
  • 2012-11-08 10:14:32
    What to expect in 2013?
    Next year is unlikely to bring significant relief to steel producers in the absence of visible points of economic growth, which could boost demand, and due to the overcapacity in steel production. The global financial crisis has predetermined decline in investments and therefore slump in ...
  • 2012-11-07 13:09:12
    MMK may invest additional USD 100 million in Turkish subsidiary
    OJSC Magnitogorsk Iron and Steel Works (MMK) is exploring the possibility of investing an additional USD 100 million over the medium term into MMK-Metalurji, its Turkish subsidiary, to reduce production costs and increase production efficiency. Investment projects under consideration ...
  • 2012-11-02 14:39:10
    Red Bud Industries and Weber Comechanics hosted a Coil Processing Seminar in Moscow
    Red Bud Industries, located in Red Bud, Illinois, and Weber Comechanics, located in Moscow, Russia, hosted a Coil Processing Seminar at the Borodino Hotel Moscow on September 26, 2012. Over 70 attendees learned about blanking, multi-blanking, leveling, slitting, and a new process (EPS®) ...
  • 2012-10-31 12:32:42
    New realities of the Russian metal and steel market
    All metal market experts have recently drawn a conclusion that it’s practically impossible to make an accurate forecast of metal supply, demand, and prices for more than 2-3 months in advance. What to do then? How to make technical-economical assessment of investments and new projects? ...
  • 2012-10-31 08:00:00
    The United Metallurgical Company is planning to give a presentation on Mill-5000 production at Metal-Expo 2012
    The UMC is planning to hold a presentation on the Metallurgical Complex Mill-5000 (MCM-5000) production in pavilion 75 of the All-Russia Exhibition Center on the 15th of November. At the presentation in the course of Metal-Expo visitors will learn about the development of tube production ...
  • 2012-10-31 07:19:51
    Boeing and VSMPO-Avisma agreed joint-venture extending and R&D cooperation
    Largest Russian titanium producer, VSMPO-Avisma, Rostekhnologii subsidiary company, and American Boeing signed a memorandum to extend titanium procurement cooperation by Ural Boeing Manufacturing (UBM) joint venture expansion. Parties will also continue the R&D interaction regarding new ...
  • 2012-10-30 16:34:23
    Rusal announces the extension of the financial covenant non-testing period under current credit facility
    UC Rusal announces that the Company has reached an agreement with its lenders on the extension, until the end of 2013, of the period during which financial covenants under the USD4.75 billion syndicated facility arranged by international and Russian lenders are not to be tested. During ...
  • 2012-10-26 11:41:36
    Ufaleynickel undergoes large-scale modernization
    This year’s investments into modernization of enterprises under the control of the managing company Highmetal KDS (Ufaleynickel, Rezhnickel, Serov Nickel Mine) will total 140 mln rubles. The major part of this sum – about 90 mln rubles – is supposed to be spent during ...
  • 2012-10-26 10:50:21
    Oleg Bagrin Elected President of NLMK
    NLMK, the leading global steelmaking company, today announced that its shareholders at an Extraordinary General Meeting (“EGM”) elected Mr. Oleg Bagrin as NLMK President (Chairman of the Management Board). Mr. Bagrin was nominated as President by NLMK’s majority ...
  • 2012-10-26 10:48:58
    Severstal Dearborn Receives Gold Medal Industry Reliability Award, Introduces Innovative Blast Furnace Technology
    Severstal North America, one of the largest U.S.-based flat-rolled steel producers, is pleased to announce that it was selected as the Gold Medal winner of the 2012 Association for Iron and Steel Technology (AIST) Reliability Achievement Award. The award, open to all North American iron and ...
  • 2012-10-26 09:25:00
    34 countries will present high-tech products and technologies at Metal-Expo'2012
    706 companies from 34 countries have already registered for the traditional annual exhibition Metal-Expo, which will be held on November 13-16. Among foreign countries Germany holds the leading positions (58 companies), followed by China (45), Italy (31), Czech Republic (14), Finland ...
  • 2012-10-25 15:05:17
    MMC Norilsk Nickel is perparing development concept for the gas complex of Norilsk industrial region
    OJSC MMC Norilsk Nickel (hereinafter – the Company or MMC Norilsk Nickel) is preparing the Concept for development of Norilsk Industrial Region’s (hereinafter – NIR) gas complex till 2030. The Company has carried out the tender to select a contractor for implementation of ...
  • 2012-10-23 13:06:15
    ZincOx and Magnezit to build dust recycling plant in Russia
    ZincOx Resources plc announces that it has on 19 October 2012 entered into a Joint Venture Agreement (JV) with Ural-Recycling LLC, a wholly owned subsidiary of Magnezit Group Limited (Magnezit). The JV will cover the first phase of a programme to establish a waste dust recycling facility in ...
  • 2012-10-23 10:31:42
    Mechel Reports Suspension of Mining Facilities in USA
    Mechel reports temporary halting of mining facilities of Mechel Bluestone (West Virginia, USA), which is part of the Group’s mining division. Due to accumulated inventories of coal, Mechel decided to temporarily suspend mining at some facilities of Mechel Bluestone’s mining ...
  • 2012-10-22 10:42:02
    Chelyabinsk Zinc Plant Announces 9M 2012 Production Results
    Chelyabinsk Zinc Plant (LSE, MICEX: CHZN), Russia’s largest producer of zinc and zinc alloys, is pleased to announce its production results for the nine months ended September 30, 2012. Chelyabinsk Zinc Plant (CZP) produced 121,335 tonnes of salable SHG zinc and zinc based alloys ...
  • 2012-10-19 10:53:31
    IT for metallurgical enterprises: determining the future
    The program of “IT for Metallurgical Enterprises: Determining the Future” Conference has been recently finalized. According to the Conference organizers this year’s list of speakers has been completely updated. Permanent members of the annual event will learn about ...
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