Metallurgy news

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  • 2013-10-17 16:43:42
    Rusal cutes aluminium output and cost
    Today UC Rusal announced interim results of the production volume reduction programme at its least-efficient smelters. As of 17th October, aluminium production has been mothballed at the Volgograd (VgAZ), Urals (UAZ), and Volkhov (VAZ) aluminium smelters, as well as at the first phase ...
  • 2013-10-17 14:11:43
    Norilsk Nickel has created a new nickel production technology
    Specialists of the Department of Scientific and Technological Development and Environmental Safety of Kola MMC (MMC Norilsk Nickel’s subsidiary) together with the specialists of Gipronickel Institute invented a new technology of nickel production from sulphide ore. The technology ...
  • 2013-10-15 11:09:45
    Norilsk Nickel Appoints Head of Global Sales and Marketing
    Following the announcement of its new strategy, MMC Norilsk Nickel (hereafter Norilsk Nickel" or the Compan") continues enhancing its management team and announces the appointment of Markus Meurer as Norilsk Nickel Head of Global Sales and Marketing. He will take up his ...
  • 2013-10-04 17:18:21
    Norilsk Nickel to develop business in Russia
    MMC Norilsk Nickel (hereinafter, Norilsk Nickel or the Company), today announced further details of its new strategy in London. The new strategy aims to realize the full potential of MMC Norilsk Nickel’s unique resource base at the Polar and Kola Peninsulas, increase MMC ...
  • 2013-10-04 06:49:07
    NLMK Group brings in strategic investor for NLMK Europe
    NLMK is proceeding with the restructuring of its European assets to further improve efficiency and optimize costs with an investment by SOGEPA (Société Wallonne de Gestion et de Participations S.A.), a Belgian state-owned company, in NLMK Europe. The restructuring ...
  • 2013-10-03 15:50:13
    Vtorchermet NLMK commissions new shredder at Podolsk
    Vtorchermet NLMK (part of NLMK Group), one of the largest scrap processing networks in Russia, has commissioned a new high-performance shredder at the Vtorchermet NLMK Center site in Podolsk. Designed for processing light and mixed scrap, the new shredder will improve the quality of ...
  • 2013-10-01 16:41:38
    Norilsk Nickel Board of Directors approves production and financial targets and new dividend policy
    MMC Norilsk Nickel (hereinafter, NN or the Company), the largest global nickel and palladium producer, announces that its Board of Directors today has approved the Company’s key production and financial targets for 2014-2018, which have been developed on the basis of its new strategy. ...
  • 2013-09-30 15:43:52
    Rusal makes a submission to LME on proposed rule change
    Rusal has made a submission to the London Metal Exchange (LME) Board of Directors on the proposed LME warehouse rule changes. In its submission Rusal asks the LME to postpone the introduction of the proposed rule changes and presents a set of alternative measures for the benefit of all ...
  • 2013-09-30 10:59:04
    Rusal and VEB to develop new production
    Rusal announces that it has signed a Memorandum of Intent (MOI) with Vnesheconombank (VEB) to convert Rusal’s loss-making smelters. Rusal and VEB intend to work together to create production facilities to produce aluminium- and aluminium alloys-based automotive components, rolled ...
  • 2013-09-27 16:41:13
    Rusal to participate in the creation of Taman dry-cargo port
    Rusal together with the Ministry of Transportation of the Russian Federation and the Government of the Krasnodar Territory, announces that it will participate in the creation of the Taman Dry-Cargo Port. The construction of a terminal to transfer aluminium and alloys is planned at the ...
  • 2013-09-17 16:20:49
    Yuriy Bokachev appointed Managing Director of NLMK DanSteel
    Yuriy Bokachev has been appointed Managing Director of NLMK DanSteel A/S, a Danish plate producer and part of NLMK Europe Plate Products. In this capacity, Yuriy Bokachev will be responsible for NLMK DanSteel’s operating activities, operational health and safety, and environmental ...
  • 2013-08-29 18:20:26
    Airbus and VSMPO-Avisma to reinforce partnership
    Airbus and VSMPO-Avisma Corporation signed a Memorandum of Understanding for the development of an end-to-end strategic collaboration, which covers development, processing and recycling of titanium material utilised for all Airbus aircraft programmes. The contract was signed at the ...
  • 2013-08-22 13:12:39
    Exposition of Metal-Expo’2013 is Almost Fully Arranged
    The exposition of Metal-Expo’2013, 19th International Industrial Exhibition has been almost fully arranged in Halls 69 and 75, The All-Russia Exhibition Center two and a half months before the beginning of the event. Some 800 companies from 36 world countries will participate in the ...
  • 2013-08-21 10:17:05
    Mechel sold Donetsk Electrometallurgical Plant
    Mechel announces signing an agreement with businessman Vadim Varshavsky for the disposal of 100% shares of Daveze Limited, which in its turn owns 100% shares of Donetsk Electrometallurgical Plant, for a nominal sum of 2,000 euro. The buyer also assumes the obligation to ensure ...
  • 2013-08-14 17:57:57
    KUMW to launch new rolling complex
    Kamensk-Uralsk Metallurgical Works builds a new aluminium rolling complex. 227 million dollars will be invested in the project this year. At the end of the first phase of the project, cold rolling mill, coils annealing furnaces and cutting line will be launched in in May 2014. The ...
  • 2013-08-12 11:57:28
    NLMK Q2 2013 US GAAP Results
    NLMK, the LSE-listed leading steel producer, today announces its consolidated US GAAP results for Q2 2013. Q2 2013 KEY HIGHLIGHTS: · Revenue: $2,829 million (-1% qoq) · EBITDA: $400 million (+26% qoq), EBITDA margin 14% (11% in Q1 2013) ...
  • 2013-08-08 16:31:16
    Vyksa Steel announces H1 2013 operating results
    Vyksa Steel Works produced over 790,000 tonnr of pipes of different standard sizes, 390,000 railway wheels and 278,000 tonne of flat products in H1 2013. In the reporting period of 2013, pipe production volume soared 20% YoY. LDP production amounted to 403,600 tonne, a 33% growth YoY. ...
  • 2013-08-07 10:12:58
    Mechel begins coal supplies to China by new railway route
    Mechel announces that it has started supplying coal concentrate to the People's Republic of China by rail through new border checkpoint Makhalino — Hunсhun. The first cargo train was dispatched in early August along the international transport corridor linking the south of ...
  • 2013-08-01 16:41:14
    Mechel sold two ferroalloy assets
    Mechel announced signing an agreement for disposal of several ferroalloys assets to Turkey’s Yildirim Group. According to the agreement, Yildirim Group acquires Mechel ’s Voskhod Mining Plant (Khromtau, Kazakhstan) and Tikhvin Ferroalloy Plant (Tikhvin, Leningrad Region, ...
  • 2013-08-01 11:24:09
    NLMK installs pulverized coal injection system
    NLMK (LSE: NLMK), a leading global steel company, has started hot testing pulverized coal injection (PCI) into its blast furnaces at the main production site in Lipetsk. Installing this resource-saving technology, which has only recently been introduced in Russia, began at its Blast Furnace ...
  • 2013-07-31 15:13:23
    Metalloinvest announced operational results for the second quarter of 2013
    Metalloinvest, a leading global iron ore and HBI producer and one of the regional steel producers, today announces its operational results for the second quarter of 2013. In Q2 2013, Metalloinvest increased iron ore production to 9.7 mn tonnes, a 1.1% increase q-o-q. Pellet ...
  • 2013-07-30 13:42:08
    Russian industry increased production of several copper products
    Production of refined copper in January-June 2013 fell by 1.2% with compared to the similiar period of 2012. The situation is similar with copper flat rollde products: foil output decreased by 13.9%, plates, sheets and strips - by 2.9%. However, copper wire production has increased by ...
  • 2013-07-30 11:07:16
    NLMK closes order book for two bond issues for a total of RUB 10 billion
    NLMK has closed the order book for its BO-11 and BO-12 exchange bond issues with a value of RUB 5 billion each, a maturity period of 10 years each, and a put option in 3 years after the date of placement. August 1, 2013 was set as the starting date of the BO-11 series bond placement ...
  • 2013-07-25 15:22:40
    Seversatl optimezes management structure
    Further to the management and organizational changes announced by Severstal (“Severstal”, “the Company” or “the Group”) on July 15, the Company announces further changes to optimize its management structure in order to achieve its stated goals of improving ...
  • 2013-07-11 15:40:32
    OMK ATZ posts increased steel pipe output for H1
    Tatarstan based Almetyevsk Pipe Plant, a subsidiary of Russian pipe producing company United Metallurgical Company, produced 18,579 metric tonne of steel pipes. In the January to June period of the current year, the mill's steel pipe output rose by 6.3% compared to the same period of 2012, ...
  • 2013-07-09 11:35:14
    Severstal steel shipments to TMK cross 2012 volumes
    Russian steel giant Severstal has shipped approximately 90,000 tonnes of rolled metal products to OAO TMK, which is more than the volume of shipments for the entire year in 2012. At a meeting of the Coordination Council of TMK and Severstal held in Cherepovets the representatives of ...
  • 2013-07-08 13:01:03
    Mechel bags order for new class of steel for Russian Helicopters
    Mechel OAO, one of the leading Russian mining and metals companies, reports that the Group's Chelyabinsk Metallurgical Plant fulfilled the order for a new class of steel for helicopter making. The order was placed by the Russian Helicopters holding. High quality steel was produced in ...
  • 2013-07-04 14:02:47
    Metal-Expo Opens Registration for Participation in the 2014 Event
    The 20 th Metal-Expo exhibition with the participation of some 800 from 35-40 world countries and a big number of visitors will be held in November 2014 in Moscow. Metal-Expo Management already receives applications for space booking and participation in the forthcoming event. This ...
  • 2013-07-03 16:59:22
    Vorkutinskaya Mine resumes coal production acrosstwo faces
    ОАО Vorkutaugol, one of Russia’s largest coal mining companies and part of the Resources division of ОАО Severstal, has commenced mining coal from a new longwall at the Vorkutinskaya Mine. The new longwall is located at the mine’s Third coal seam, which holds more than 800 ...
  • 2013-07-03 16:34:15
    "Металл-Маркет" значительно расширил линейку поставляемых труб
    К началу строительного сезона компания "Металл-Маркет" значительно расширила ассортимент конструкционных труб, увеличив при этом и количество поставщиков данной продукции. Расширен складской ассортимент тонкостенных труб диаметром 76 мм со стенкой 2,0 мм (включительно). ...
  • 2013-07-01 19:24:49
    Evraz mulls shorter week at parts of ZSMK steel mill
    Reuters reported Russia's top steelmaker Evraz is considering cutting the working week to 4 days at parts of its ZSMK plant, one of Russia's largest mills, as the troubled steel industry heads into the slow summer season. Sources with ties to the Siberian plant, which produced 7.3 ...
  • 2013-06-27 20:11:09
    Metal-Expo to offer customer stands design and building
    A customer stands design office recently established by Metal-Expo will help exhibitors to design and build customer stands at Metal-Expo exhibition in November. The customer stands design office will be appealing to the latest trends in stands design and building using the most advanced ...
  • 2013-06-27 19:20:53
    Russian MMK’s steel products sales hit new record highs
    Russia-based Magnitogorsk Iron & Steel Works (MMK) said that its shipments of finished steel products made to domestic markets totaled 730,000 tons in May, rising by 16% year on year and hitting the history new highs. In May, the company’s output of commercial grade finished ...
  • 2013-06-26 11:24:54
    Mechel review of subsoil license conditions for Elga deposit
    Mechel OAO, one of the leading Russian mining and metals companies, announces the Federal Subsoil Resources Management Agency approved the revised schedule for the works under the subsoil license agreement for development of the Elga coal deposit. According to the revised license ...
  • 2013-06-25 16:45:35
    TMK Holds Annual General Meeting of Shareholders
    TMK announces that the Annual General Meeting of Shareholders was held in Moscow on June 25, 2013.Shareholders approved the annual report and financial statements for the 2012 financial year. Shareholders also elected the Board of Directors and the Revision Commission. They also approved ...
  • 2013-06-25 12:52:55
    Severstal was ranked as second most competitive global steelmaker
    OAO Severstal, one of the world’s leading steel and steel-related mining companies, has been ranked as the second most competitive global steelmaker in a June report by World Steel Dynamics (WSD), having been ranked third in the WSD rating in 2012. Severstal was placed ahead of other ...
  • 2013-06-24 13:58:05
    Russian finished steel output down in Jan-May
    Russkaya Stal, a non-profit association of Russian domestic steelmakers, has reported that its main member enterprises produced 4.6 million metric tonne of finished steel in May 2013, up 1.5% from April and decreasing by three percent compared to May last year. Finished steel ...
  • 2013-06-21 17:33:54
    Trade as a Growth Driver Taskforce presented recommendations on the most challenging problems of the global trade agenda during the B20 Summit
    The B20 Trade as a Growth Driver Taskforce presented a set of practical, results-oriented recommendations for the forthcoming G20 Summit in Septemebr 2013 and discussed them with with representatives of the global business community, Pascal Lamy, Secretary General of WTO and Angel Gurria, ...
  • 2013-06-21 17:00:18
    Alcoa and Rusnano to produce aluminum drill pipe with antiwear coating
    Alcoa and Rusnano will produce technologically advanced oil and gas aluminum drill pipe finished with a life-extending antiwear coating under a Memorandum of Understanding (MOU) signed by the companies today. With the help of the Alcoa Technical Center, the parties intend to pursue the ...
  • 2013-06-20 12:43:19
    Severstal to supply pipes for the Power of Siberia project
    Alexey Mordashov, Severstal's CEO, announced at a meeting of representatives from Russian pipe manufacturers hosted by Gazprom at the Izhora Pipe Mill that OAO Severstal's St. Petersburg-based operations, the Izhora Pipe Mill and Mill 5000 at the Cherepovets Steel Mill's 3rd Sheet-Rolling ...
  • 2013-06-20 11:44:39
    Mechel announce 1Q 2013 financial results
    Mechel OAO, a leading Russian mining and steel group, announced financial results for the 1Q 2013. Mr Evgeny Mikhel CEO of Mechel OAO said that “The Q1 was marked by an important step forward toward optimizing Mechel’s asset structure. We disposed of Romanian steelmaking assets, ...
  • 2013-06-19 15:03:27
    Mr Putin expects extra measures stimulating economy from goverment
    Mr Vladimir Putin president of Russian said that he expects the government to take extra measures to stimulate the national economy in the near future, but Russia is not going to start a currency emission process. Mr Putin said that "I hope the Russian government, after our ...
  • 2013-06-07 11:13:02
    Shareholders of MMC Norilsk Nickel approved dividends
    MMC Norilsk Nickel (hereinafter – ‘Norilsk Nickel’ or ‘the Company’), the largest global nickel and palladium producer, announces today that its Annual General Meeting of Shareholders (the AGM) approved the consolidated 2012 IFRS financial reports and dividends ...
  • 2013-06-04 17:22:04
    NLMK and Siemens in three-year cooperation agreement for the supply of steel products
    NLMK Group and Siemens have signed a three-year agreement on technical cooperation for the supply of NLMK-produced steel products to the Germany-based company. The agreement was signed by representatives of the companies at an extended meeting of the Siemens Management Board held in ...
  • 2013-05-01 06:02:53
    Chelyabinsk Zinc Plant increases sales on the Russian market
    Chelyabinsk Zinc Plant, Russia’s largest producer of zinc and zinc alloys, is pleased to announce its production results for the three months, ended March 31, 2013. Chelyabinsk Zinc Plant (CZP) produced 41,878 tonnes of salable SHG zinc and zinc based alloys in Q1 2013, an ...
  • 2013-04-16 13:51:11
    Mechel Announces Signing Agreement with Baosteel
    Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces signing a memorandum of understanding with Baosteel Resources Int. Co. Ltd. During the official visit of Russia’s First Deputy Prime Minister Igor Shuvalov to Beijing, ...
  • 2013-04-15 13:55:32
    EVRAZ Prices U.S.$1 Billion Notes Issue
    Evraz Group S.A., a wholly owned subsidiary of EVRAZ plc, together with EVRAZ plc announce that Evraz Group S.A. has priced an issuance of U.S.$1 billion notes due 2020 with a coupon of 6.50% per annum (the "Notes"). The Notes will be issued by Evraz Group S.A. Closing and ...
  • 2013-04-12 07:14:38
    Mechel reports delivery of first cargo of quartzites from Uvatsk Deposit
    Mechel reports the launch of constant operation at the Uvatsk quartzite deposit and delivery of the first batch of raw materials from the deposit to Bratsk Ferroalloy Plant. Approximately 680 tonnes of quartzite mined at the deposit were delivered to Bratsk Ferroalloy Plant in March ...
  • 2013-04-11 14:46:59
    UC Rusal and Omen to establish joint venture to produce automotive components
    UC Rusal announces the signing of a memorandum of understanding with Israeli company Omen High Pressure Die Casting (Omen), which specializes in the production of automotive components from non-ferrous metals. Together the companies intend to create a joint venture (JV) in Russia to produce ...
  • 2013-04-11 13:51:09
    Mechel signed loan agreement with VTB
    Mechel announces signing an agreement with VTB Bank for a 40-billion-ruble (approximately 1.3-billion-dollar) loan. The total of VTB Bank’s loaned funds will be used to refinance Mechel Group’s current debt, so this loan will not increase its credit portfolio. 25 billion rubles ...
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