2020-02-28 11:45:12 NLMK Board of Directors recommends dividends for Q4 2019
At a meeting held on 12 February 2020, NLMK Group's (LSE: NLMK) Board of Directors recommended the Company's shareholders to approve Q4'19 dividend of RUB 5.16 per share.
NLMK Group's Board of Directors recommended NLMK shareholders to approve Q4'19 dividend in the amount of RUB 5.16 ...
2020-02-18 12:14:13 EVRAZ Orders Danieli QSP-DUE Plant
EVRAZ Consolidated West-Siberian Metallurgical Plant Joint-Stock Company has ordered from Danieli an innovative QSP-DUE (Danieli Universal Endless) plant for the production of high value-added products for the new facility in Novokuznetsk, Kemerovo Region, Russian Federation.
This will ...
2020-02-13 11:25:44 Q4 and 12m 2019 NLMK Group consolidated financial results under IFRS (video)
NLMK Group announced its Q4 and 12M 2019 financial results1. Q4 revenue amounted to $2,312 m, with an EBITDA margin of 21%. Free cash flow (FCF) in Q4 grew to $338 m (+36% qoq). NLMK Board of Directors recommended approving Q4 dividends in the amount of RUB 5.16/share (148% of FCF) in line ...
2020-02-13 11:16:26 Chelpipe Board Approves Development Strategy through 2024
The Board of Directors of Chelyabinsk Pipe Rolling Plant has approved the Company's development strategy for the period through 2024 and nominated two independent directors for approval by the shareholders meeting. The new strategy seeks to ensure consistent and strong business growth by ...
2020-02-06 17:43:38 Metalloinvest prices its RUB 10 bn bond with a record low coupon rate
Metalloinvest today announces the pricing of its BO-04 series bonds for a total amount of RUB 10 bn through a public offering.
During the book building, investors placed 38 orders that resulted in the issue being oversubscribed by more than 3 times. Following the book building, the ...
2020-02-03 11:19:57 NLMK pilots automated production planning system
NLMK Lipetsk, the flagship site of NLMK Group, has embarked on piloting an automated production scheduling system. The system is integrated into business processes at all stages of production and sales planning. The key goals of the project are to optimize the production load and to grow ...
2020-02-03 11:14:39 UMMC-NFMP Develops the Market of Electro Technical Strip in the Baltics
UMMC-Non-ferrous Metals Processing LLC (UMMC-NFMP), a Metal-Expo regular exhibitor, holds a leading position in the production of brass strip in Russia, including the electro technical industry. Studying the markets of European countries plays an important role for the development of export ...
2020-02-03 11:11:29 Severstal announces 2020 capital investment programme
PAO Severstal ("Severstal"; "the Company"), one of the world’s leading vertically integrated steel and steel-related mining companies, today announces its capital investment programme for 2020.
Severstal plans to invest approximately 110.5 billion rubles in ...
2020-01-28 13:09:49 Chusovoy Metallurgical Works Wins Prize in 100 Top Russian Products Contest
Springs made at the Chusovoy Metallurgical Works (AO ChMW, Perm Territory, a United Metallurgical Company (AO OMK, Moscow) subsidiary) won an award in the New Product category in the national competition for the Top 100 Russian products.
The facility submitted recently introduced ...
2020-01-28 13:04:15 MMK’s continuous hot-dip galvanising unit reaches full capacity utilisation
The new continuous hot-dip galvanising unit No.3, built by Magnitogorsk Iron and Steel Works (MMK) in 2017, produced 334.6 thousand tonnes of galvanised metal in 2019.
A year earlier, the unit produced 278.9 thousand tonnes of galvanised steel. As such, it is very close to the design ...
2020-01-28 13:02:57 NLMK Metalware Expands Fastener Production Capacity
LMK Metalware, part of NLMK Group's Long Products Division, a leading fastener manufacturer in Russia, has launched a new production line with a capacity of 3,400 tonnes of self-tapping screws per year. The launch of the new facility will enable the Company to expand its presence in the ...
2020-01-24 11:16:42 Severstal invests in robotics to automate advanced composites manufacturing
Severstal announces that it has invested in Dutch company Airborne, a global leader in developing digital automation platforms for the production of composite parts, and products with integrated composites. Severstal joins other investors in this investment round, including Pangaea Ventures, ...
2020-01-20 13:21:35 Q4 2019 and 12M 2019 NLMK Group Trading update
NLMK Group has published today its Q4 2019 and 12M 2019* operating results. Steel output increased by 1% qoq to 3.8 m t, following the completion of major repairs at NLMK Lipetsk blast furnace and steelmaking operations. NLMK Group sales grew by 4% qoq to 4.2 m t.
12M 2019 highlights: ...
2020-01-20 13:17:28 Severstal reports Q4 & FY2019 operational results
Severstal announces its operational results for Q4 and FY2019.
Q4 2019 GROUP HIGHLIGHTS
Hot metal output declined 4% q/q in Q4 2019 to 2.36 mln tonnes (Q3 2019: 2.46 mln tonnes) due to short-term maintenance works at blast furnace facilities in Q4 2019. Crude steel production ...
2020-01-20 13:16:36 MMK Retains Top Positions in Rating of Producers of Flat and Coated Steel
Metal Supply & Sales journal, the Metal-Expo General Information Sponsor and the event's regular exhibitor, rated Magnitogorsk Iron and Steel Works, a Metal-Expo regular exhibitor, the top one among Russian producers of flat products.
The magazine Metal Supply and Sales has ...
2020-01-13 13:16:59 Metalloinvest and ChelPipe Group continue collaboration to improve product quality
Metalloinvest and ChelPipe Group held their 36th Coordination Council meeting at the Chelyabinsk Pipe Rolling Plant (part of ChelPipe Group).
Experts from the two companies discussed production and commercial issues, outlined further steps in their cooperation strategy around product ...
2020-01-13 13:14:50 RUSAL invests over 2.6 bln rubles in modernizing the Bogoslovsk aluminum smelter
RUSAL (SEHK: 486; Moscow Exchange: RUAL), one of the leading global aluminium producers, has invested a total of around 2.6 billion rubles in the development and modernization of the Bogoslovsk aluminum smelter (BAZ) and Bogoslovsk CHP over the past three years.
This has included the ...
2020-01-13 13:11:49 NLMK expands custom-made steel deliveries to automotive manufacturers
NLMK Lipetsk, the flagship site of NLMK Group, has delivered a pilot batch of galvanized bake hardening (BH) steel to the Uzbekistan-Korean joint venture UzSungwoo.
The pilot batch of steel was custom-made to meet the customer’s individual requirements. It was used to make ...
2019-12-16 13:19:51 Shareholders of Nornickel approved the dividend for the nine months of 2019
Shareholders of Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, held the Extraordinary General Meeting (EGM). The EGM approved the interim dividend the nine months of 2019 in the amount of RUB 604.09 per ordinary ...
2019-12-16 13:03:37 Severstal to Produce Towers for Siemens Gamesa
Severstal, RUSNANO Management Company and Windar Renovables SL joint venture VRS Towers LLC has qualified as the official supplier of towers for Siemens Gamesa wind turbines. An additional production line was introduced at the enterprise to organize serial production of a new type of tower. ...
2019-11-22 13:01:27 Metal-Expo’2019: Post Event Report
Metal-Expo’2019, the 25th International Industrial Exhibition was held on November 12 -15 at VDNHa Fairgrounds, Moscow, Russia. The jubilee exhibition became the main platform for exhibiting key priorities in steel production, equipment manufacture and solutions supplies and working ...
2019-11-13 12:53:08 Metal-Expo'2019 Opened in Moscow
Metal-Expo'2019, the 25th Jubilee International Industrial Exhibition was opened at VDNHa Fairgrounds on November 12, by a drum roll performed by girl drummers in hussar uniforms. When opening the ceremony Alexander Romanov, Co-chairman of Metal-Expo Organizing Committee and RUMSS President ...
2019-10-29 10:25:09 First Paul Wurth Hot Stove in Russia on Blast at EVRAZ ZSMK
EVRAZ ZSMK and Paul Wurth successfully finalized the first phase of a stepwise technical upgrade of the hot blast stoves plant at ZSMK Works’ No. 2 blast furnace in Novokuznetsk, West Siberia.
Back in 2014, Paul Wurth won a tender for engineering a complete new hot blast ...
2019-10-23 09:22:39 Nordgold to Build Solar Power Station at Burkina Faso Mines
Nord Gold SE (“Nordgold” or the “Company”), the internationally diversified gold producer, has entered into an exclusive agreement with Total Eren, Independent Power Producer (IPP) specialised in renewable energies and Africa Energy Management Platform (AEMP), its ...
2019-10-16 17:04:08 NLMK supplies trial batch of pre-painted steel for LG household appliances
NLMK Lipetsk, the flagship site of NLMK Group, has supplied a trial batch of pre-painted steel with improved coating quality to leading white goods manufacturer LG Electronics plant in Russia. NLMK steel will be used to make washing machine bodies.
The trial batch has been successfully ...
2019-10-16 17:00:41 Severstal targets increased energy generation using secondary sources
Cherepovets Steel Mill (CherMK), one of the largest integrated steel plants in the world (part of Severstal’s Russian Steel division), has announced plans to increase the amount of electricity it generates using by-product industrial gases.
CherMK consumes 5.9 billion kWh of ...
2019-10-16 16:55:10 Metalloinvest announces first ECA backed financing deal under the existing framework agreement
Metalloinvest (“the Company”), a leading global iron ore and HBI producer and supplier, and one of the regional producers of high-quality steel, today announces the signing of an agreement with MUFG for ECA backed financing in the amount of EUR 9.9 mn.
The loan will be used ...
2019-06-21 14:43:04 NLMK Group and Fort Ross Ventures sign cooperation agreement
NLMK Group and venture capital firm Fort Ross Ventures, a partner of Sberbank, have penned an agreement to cooperate to support innovations.
Under the agreement, Fort Ross Ventures will provide NLMK Group with information on projects related to the Internet of Things, artificial ...
2019-06-21 14:41:07 Metalloinvest develops rolled steel production capabilities at OEMK
Metalloinvest has commissioned a new reduction and calibration section for Rolling Mill 350’s mid-size production line at Rolling Unit #2 at OEMK (part of the Metalloinvest).
Investment in the project totalled more than 600 mn roubles. The modernisation will enable the Company to ...
2019-06-21 14:38:19 TMK and NOVATEK signed a Strategic Partnership and Cooperation Agreement
PJSC TMK (TMK) and PJSC NOVATEK (NOVATEK) signed a Strategic Partnership and Cooperation Agreement at the 23rd St. Petersburg International Economic Forum. Dmitry Pumpyanskiy, Chairman of TMK’s Board of Directors, and Leonid Mikhelson, Chairman of NOVATEK’s Management Board ...
2019-06-21 14:36:36 Severstal to develop its own digital businesses
PAO Severstal, one of the world's leading vertically integrated steel and mining companies, has established a new unit that will be focused on the development of digital businesses. The team will be headed by Sergey Khabarov, previously investment director at Genome Ventures, an innovative ...
2019-06-21 14:34:50 MMK placed US$500 mm Eurobonds
Magnitogorsk Iron and Steel Works (“MMK”), one of the largest steel suppliers in Russia rated Baa2 (Moody’s) / BBB (Fitch) / BBB- (S&P), returned to the international market after more than 15 years with a successful placement of 5-year US$500mm Eurobonds with an annual ...
2019-06-07 14:54:39 RUSAL to plant 500 thousand trees in the Irkutsk region
RUSAL (486 Hong Kong, RUAL Moscow Exchange), one of the largest aluminium producers in the world, will plant 500 thousand trees in the Irkutsk region, as part of the Company’s climate strategy on greenhouse gas absorption.
During the St. Petersburg Economic Forum, RUSAL, the ...
2019-06-07 14:46:35 NLMK Group and Lipetsk Region sign memorandum to build new waste energy recovery power plant
NLMK’s carbon oxide (CO) emissions set to reduce by 3,000 tonnes per year, GHG (СО2) emissions set to reduce by 650,000 tonnes per year
NLMK Group, a global steel company, and the Administration of the Lipetsk Region have signed a memorandum of intent to build a new recovery ...
2019-06-07 14:45:00 Terminal for transhipment Metalloinvest pellets and HBI to be built at Ust-Luga port
Metalloinvest, a leading global producer and supplier of HBI and iron ore products, and a regional producer of high-quality steel, has signed a binding agreement with the company Ultramar for the construction of a specialised terminal for the transfer of iron ore pellets and HBI at the ...
2019-06-07 14:42:37 Mechel, BELAZ-24 Cinch Deal for Dump Truck Supply
Mechel PAO (MOEX: MTLR; NYSE: MTL), a leading Russian mining and metals company, reports signing an agreement with CTP BELAZ-24 OOO for 15 dump trucks with a total value of approximately two billion rubles.
The deal was signed on the sidelines of the international specialized mining ...
2019-06-07 14:40:47 Severstal unveils new client-centric corporate structure
PAO Severstal announces that the Company’s organizational structure has been reconfigured to support its updated strategy and ensure it consistently delivers an excellent customer experience. Based on agile business principles, all of the Company’s production and ...
2019-06-07 14:39:23 MMK partners with Deloitte to develop new digitalisation strategy
Magnitogorsk Iron and Steel Works (MMK) has partnered with Deloitte CIS to create a digitalisation strategy for the Company. The agreement was signed during the St. Petersburg International Economic Forum.
MMK has decided to update its digital portfolio as part of the Company's overall ...
2019-05-08 12:08:53 RUSAL Announces 1st Quarter Operating Results
Moscow, 30 April 2019 – RUSAL, a leading global aluminium producer, announces its operating results for the first quarter 2019 (“1Q19”).
Key highlights
Aluminium
Aluminium production
in 1Q19 totaled 928 thousand tonnes (-1.6% quarter-on-quarter ...
2019-05-08 12:05:17 Stoilensky produces its 15-millionth tonne of pellets
Stoilensky, part of NLMK Group, has produced its fifteen-millionth tonne of pellets since the launch of its pelletizing plant.
Launched in November 2016, the pelletizing plant has a design capacity of 6 million tonnes of pellets per year. In 2018, the plant reached the production ...
2019-05-08 12:03:33 MMK develops cooperation with consumers in Siberia
Deliveries of MMK's rolled steel to pipe companies in the Siberian Federal region have doubled since the beginning of the year. The region accounts for about 10% of the plant’s sales of the relevant products. The Company plans to further expand its presence in the domestic market. ...
2019-05-08 12:00:53 Metalloinvest presents updated Development Strategy
Metalloinvest, a leading global producer and supplier of HBI and iron ore products, and one of the regional producers of high-quality steel, has updated its Development Strategy.
The Strategy aims to allow the Company to maintain the leading position in the metals and mining industry ...
2019-05-08 11:58:50 Severstal announces sale of Mini-Mill Balakovo
PAO Severstal (the “Company”) one of the world’s leading vertically integrated steel and steel-related mining companies, announces that it has entered into a definitive agreement with Abinsk Electric Steel Works LTD for the sale of Mini-Mill Balakovo. The consideration of ...
2019-04-19 15:24:12 Mechel’s hardware production upgrade project wins state support
Mechel reports that the Supervisory Board of Russia’s Industry and Trade Ministry’s Industrial Development Fund approved a low-interest loan to Mechel Group’s Beloretsk Metallurgical Plant for upgrading its wire and rope production facilities.
The project’s cost ...
2019-04-19 15:20:42 MMK expands its range of metal products with high added value
PJSC Magnitogorsk Iron and Steel Works (MMK) shipped the first batch of rolled products with new consumer properties. Improved quality characteristics of hot-rolled sheet metal are obtained through the use of a unique technology which cleans scale from the surface of the sheet.
The ...
2019-04-19 15:17:40 Q1 2019 NLMK Group Trading update
NLMK Group (LSE: NLMK, MOEX: NLMK), a vertically integrated steelmaker, has published today its preliminary Q1 2019 operating results.
Q1 2019 highlights:
Steel output decreased by 4% qoq to 4.2 m t due to the overhauls at the Russian sites and seasonal factors. A 3% yoy steel ...
2019-04-19 15:16:30 Severstal reports Q1 2019 operational results
PAO 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 Q1 2019.
Q1 2019 GROUP HIGHLIGHTS
Hot metal output increased 6% q/q in Q1 2019 to 2.36 mln ...
2019-04-19 15:12:50 RUSAL and Braidy Industries will construct a green field aluminium rolling mill in Ashland, Kentucky
RUSAL and Braidy Industries Inc., a US-based holding company which owns both Veloxint, an MIT-incubated lightweighting solutions company, and NanoAl, a Northwestern University incubated materials research and technology company, announced an intent to establish a joint project in Ashland, ...
2019-04-03 12:35:29 RUSAL and Tiocomposite test production technique for sulphur concrete using red mud
RUSAL (stock code at the Hong Kong Stock Exchange: 486, at the Moscow Exchange: RUAL), one of the world's largest aluminium producers, and Tiocomposite signed a memorandum of intent to set test production of sulphur polymer concrete using alumina production waste in the Republic of ...