Metallurgy news

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  • 2011-08-12 10:24:50
    OMZ-Spetsstal launches production of rotors for steam turbines, working with ultra supercritical steam
    OMZ’s OMZ-Special steels in the framework of the order from Shanghai Electric delivered two slugs for rotors made from high-chromium steel. This brand of steel products provides the required set of mechanical properties. The rotors are designed for steam turbines operating at ...
  • 2011-08-11 10:14:14
    RUSAL announces winners of the “Making Friends with Russia” contest
    UC RUSAL the world’s largest aluminium producer, is pleased to announce that the gift presentation for “Making Friends with Russia” Contest was successfully held yesterday. The contest attracted participation from 1,157 Facebook users, with most participants correctly ...
  • 2011-08-11 10:10:56
    NLMK Group completes notification procedures in accordance with Turkish laws
    NLMK Group companies, Novolipetsk and Altai-Koks, have duly completed notification procedures in accordance with the newly adopted Turkish legislation on control over chemicals. A notification file for the Group’s products, namely pig iron and ammonia sulfate, was prepared similar ...
  • 2011-08-11 10:08:12
    Mechel reports 1H 2011 operational results
    Production:   Product name 1H 2011, thousand tonnes 1H 2010, thousand tonnes 1H 2011 vs. 1H 2010, % Coal (run-of-mine) ...
  • 2011-08-10 16:44:49
    VEB is to offer credit for building of Taishet Aluminium Plant
    Supervisory Board of Vnesheconombank (VEB) approved a credit to UC Rusal for building of Taishet Aluminium Plant. UC Rusal will receive 40 billion roubles (aprroximately $1.360 bullion) during 15 years. In 2006, Rusal began construction of a 750,000 tonnes-per-annum greenfield aluminium ...
  • 2011-08-10 10:25:16
    Conversion and completion of redemption of convertible bonds due 2014
    Evraz Group S.A. announces that, further to its announcement on 24 June 2011, all the remaining outstanding convertible bonds due 2014 being US$100,000 in aggregate principal amount were redeemed on 4 August 2011. Earlier US$649,900,000 in aggregate principle amount of bonds were converted ...
  • 2011-08-10 10:22:53
    Mechel announces JORC summary of ore reserves and resources
    Mechel OAO, one of the leading Russian mining and metals companies, announces a JORC summary of its ore reserves and mineral resources as of May 1, 2011. Based on the review prepared by IMC Group Consulting Ltd., the total JORC Equivalent Coal Ore Reserves and Resources as of May 1, ...
  • 2011-08-09 10:09:16
    NLMK invests in new equipment to increase cold-rolled steel production
    NLMK has signed a EUR10.4 million contract with LOI Thermprocess GmbH, Germany, for 23 bell type annealing furnaces with an aggregate capacity of 480 ktpy to anneal low-carbon coils at the Group’s main site in Lipetsk. This project is part of the Company’s plan to increase ...
  • 2011-08-09 10:06:15
    MMK launches JDA® SCP based productive-economic planning system
    Magnitogorsk Iron and Steel Works OJSC (”MMK”), and GMCS Company today announced the pilot commissioning of a productive-economic planning system based on the JDA® Supply Chain Planner. The project is intended to optimize production and economic operations, which is a key ...
  • 2011-08-08 11:17:21
    Russian magnesium and titanium manufacture goes up
    In first half of 2011 magnesium production in Russia rose by 18.9% compared to the corresponding period of 2010, however magnesium alloys output dropped by 37.4%. In January-June 2011 titanium and titanium semi-products production tended to rise: titanium output grew by 29.9%, titanum ...
  • 2011-08-08 10:27:04
    Mechel announces financial lease contract for mainline diesel locomotives
    Mechel OAO, one of the leading Russian mining and metals companies, announces the signing of a three-party contract between Mecheltrans Vostok OOO, Sinara-Transport Machines OAO, and VTB Leasing OAO for development, production and delivery of TEM-8 type locomotives. The contract ...
  • 2011-08-08 10:24:44
    EVRAZ to expand portland tubular operations to supply growing North American energy sector
    EVRAZ announces plans to expand EVRAZ Inc. NA’s structural tubing facility in Portland, Oregon, to add capacity to manufacture American Petroleum Institute certified (API) pipe. This multi-million dollar investment will position EVRAZ to meet the growing demand for oil country tubular ...
  • 2011-08-05 10:39:25
    Mechel Announces appointment of Mechel-Energo OOO Chief Executive Officer
    Mechel, one of the leading Russian mining and metals companies, announces the appointment of Anatoly Merzlyakov as the new Chief Executive Officer of Mechel-Energo OOO. Mr. Merzlyakov replaces Sergei Zorin, who was acting chief executive officer. Anatoly Merzlyakov, 59, will continue to ...
  • 2011-08-05 10:37:04
    VSMPO-Avisma Corporation purchased Neftprominvest
    VSMPO-Avisma Corporation purchased 100% participatory interest in Neftprominvest registered capital. NeftprominvestT is owned by Titan Mining Company, LLC having a license for exploitation of Central deposit in Tambov district. In May Federal Anti-monopoly Agency granted ...
  • 2011-08-04 00:43:24
    Baikal mining company updated the Certificate on Udokan Mineral Resource estimation in accordance with the JORC Code
    In July 2011, Baikal mining company has received the updated Certificate on Udokan Mineral Resource estimation in accordance with the JORC Code. The certificate is issued by SRK Consulting — an independent international consulting company, specializing in the mining field. The ...
  • 2011-08-04 00:13:20
    Mechel Announces Payment of Dividends Based on 2010 Fiscal Year Results
    Mechel OAO, one of the leading Russian mining and metals companies, announces a dividend payment (including taxes) of 7,270,817,107.14 rubles (approximately 261.39 million US dollars*), based on the Company’s results for the 2010 fiscal year. Mechel OAO has aсcrued a total of ...
  • 2011-08-03 10:36:33
    NLMK creates US and European business divisions
    Following the acquisition of the rolling business of Steel Invest and Finance (formerly a joint venture between NLMK and Duferco Group) on July 1, 2011, NLMK announces the creation of its new business divisions - NLMK Europe and NLMK USA. NLMK is also pleased to announce the new ...
  • 2011-08-03 10:32:34
    EVRAZ is increasing its 2Q 2011 EBITDA guidance
    EVRAZ announces today that it is increasing its EBITDA guidance for 2Q 2011 to US$875-950 million from a previously announced guidance range of US$750-825 million. The increase in guidance reflects higher than expected steel prices, a later than expected increase in the cost of iron ore ...
  • 2011-08-02 10:26:56
    Drilling of new mineshaft has begun at Gubkin mine
    Ceremonies marked the start of drilling and construction of a mineshaft for grassing ferrigenous quartzite from a depth of 250 meters. Over the past 10 years, miners have worked with scientists to find new paths of development. The discovery of colossal reserves at lower depths led to the ...
  • 2011-08-02 00:59:28
    UC Rusal mandates banks to arrange syndicated finance facility
    UC Rusal announced that the сompany has issued a mandate to arrange an up to USD 4.75 billion syndicated finance facility. The facility proceeds will be primarily used to take out the outstanding debt under the International Override Agreement. The mandated banking group includes BNP ...
  • 2011-08-01 11:21:09
    The Kemerovo region administration board approved project on modernization of the OAO Koks coke-chemical plant
    The Kemerovo region Administration Board has approved a project to modernize the OAO Koks coke-chemical plant. Presentely, OAO Koks has at its disposal coke-production capacities consisting of four coking batteries, two of which have been in operation for more than 30 years. Their useful ...
  • 2011-08-01 11:14:50
    The EAF halted as a result of the incident
    The Electric Arc Furnace (“EAF”) halted as a result of the incident is expected to be brought back online in December 2011. The negative impact of the incident on the Long Steel Division’ billets output is estimated at 450,000 t in 2011. The unit started third-party billet ...
  • 2011-07-29 11:00:22
    Severstal Columbus signs $350 Million revolving credit facility
    Severstal Columbus, LLC has signed a $350 million syndicated revolving credit facility. The proceeds of the committed facility will be used for working capital, general corporate purposes and to refinance the existing $150 million revolving credit facility. The $350 million facility has a ...
  • 2011-07-28 10:09:53
    Steel Capital S.A. closes issue of loan participation notes
    On 26 July 2011 Steel Capital S.A. with the registered office at 2, Boulevard Konrad Adenauer, L-1115 Luxembourg, Grand Duchy of Luxembourg has announced the successful closing and issuance of its US $500 mln at 6.25 % loan participation notes due on 26 July 2016 (Regulation S ISIN Code: ...
  • 2011-07-28 10:01:00
    Non-ferrous exposition is popular among Metal-Expo visitors
    Non-ferrous exposition being popular among 37.5% of the total number of visitors ranked second in popularity among visitors of Metal-Expo’2010. According to the research provided by RussCom IT Systems an estimated average investment of 1 visitor representing one company which were ...
  • 2011-07-27 10:22:40
    OMZ-Izhora research and development center successfully completes accreditation for technical competence and independence
    The research and development center (NITS OOO TK OMZ-Izhora) has successfully completed the regular accreditation in the GOST R ISO/IEC 17025-2006 system. The accreditation certificate (#ROSS RU. 0001. 21 ChS 32, valid until July 14, 2016) attests that the research and development center ...
  • 2011-07-27 10:18:17
    MMK announces the results of its RUR 5 bln bonds placement at MICEX
    On July 26, 2011 MMK placed its RUR 5 bln bonds (series БО-07) with the maturity period of 1092 days (3 years). The offer for the issue is not provided. The issue is included in the list “Б” at MICEX. The total value of demand from investors equaled to RUR 7.7 bln which ...
  • 2011-07-26 12:42:38
    Monchegorsk improves its ecological status
    MMC Norilsk Nickel informs of the completion of visit to Murmansk region of the international group of ecologists comprising representatives of Barents Euro-Arctic countries, which are members of Nordic Environment Finance Corporation (NEFCO). The comprehensive analysis of Kola MMC ...
  • 2011-07-26 12:35:40
    TMK announces 2011 second quarter and first half production results and trading update
    OAO TMK, one of the world’s leading oil and gas steel pipe producers, today announces its production results for the period ending June 30, 2011. For the first six months of 2010, TMK shipped a total of 2,166 thousand tonnes of steel pipes to customers representing a 16.2% ...
  • 2011-07-25 11:11:36
    NLMK's VIZ-Stal masters production of premium-quality GO steel
    VIZ-Stal, a subsidiary of NLMK Group, is to expand its GO (transformer) steel production capacities by 40%, up to 240,000 tonnes, as a result of the commissioning of a 75 ktpy reversing cold-rolling mill. This RUR1.4 billion project is the main stage in establishing a process route for ...
  • 2011-07-25 10:40:12
    Norilsk Nickel starts building 300 mln euro skip, latticed shaft
    Russian metals giant Norilsk Nickel has started the construction of the deepest skip and latticed mine shaft in Russia worth almost 300 million euros at the company’s Polar division Skalisty mine, Norilsk Nickel said in a statement Friday. Germany’s Thyssen Schachtbau has won ...
  • 2011-07-25 10:31:22
    Russia’s Renova Group unit to launch baked anode production in 2012
    Russian carbon and graphite producer Energoprom, part of multi-industry holding Renova Group, plans to launch baked anode production at the Chelyabinsk Electrode Plant in 2012, Energoprom said in a statement. Investments in the project are expected to amount to more than U.S. $20 ...
  • 2011-07-22 11:47:21
    Polema has won first place in category of “Industrial Enterprises” in “Zolotaya Opora” competition
    Polema has taken first place in the category of “Industrial Enterprises” in the “Zolotaya Opora” competition among the finest companies consuming electric energy in Tula and Tula Oblast for 2010. The competition was organized in 2005 at the initiative of Russia's OAO ...
  • 2011-07-22 11:42:36
    Norilsk Nickel launches mine in Australia
    MMC Norilsk Nickel reports that in accordance with production plan for the Group’s international production assets development in Australia, the Maggie Hays mine was launched at Lake Johnston operations. The monthly production capacity of the mine is 100 kt of ore at 1.3% average ...
  • 2011-07-21 10:26:24
    Novolipetsk reduces environmental footprint
    NLMK has upgraded its aspiration system in the refractory shop at Lipetsk to improve the efficiency of its gas cleaning equipment to the level of best available technologies. This project, worth RUR57 million, is part of the Company’s plan to minimize the impact of steel production on ...
  • 2011-07-21 10:01:00
    METALLOINVEST issued debut five-year $750 mln Eurobonds
    METALLOINVEST, one of the world's largest producers of iron ore, today announced the successful issue of 5-year $750 mln Eurobonds with a coupon rate of 6.5%. The maturity date is July 21, 2016. The final closing of the transaction will be completed by the end of next week on July 21, 2011. ...
  • 2011-07-21 10:01:00
    VTB capital acquired 4.35% Stake in En+ Group
    VTB Capital acquired a 4.35% stake in En+ Group from Basic Element for USD$500 mln. The acquisition of the stake in En+ Group is a strategic investment for VTB Capital. Yuri Soloviev, First Deputy President - Chairman of the Management Board of VTB Bank, Chairman of VTB Capital holding ...
  • 2011-07-20 11:36:04
    GOSA FOM, Serbia visited OAO Koks
    OAO Koks was recentely visited by a group of specialists from GOSA FOM, a Serbian mechanical-engineering company. The goal of the visit to the Kemerovo coking plant was to inspect the condition of the GOSA FOM coking machines that are installed in coking battery No. 3, and to discuss ...
  • 2011-07-20 11:29:58
    EVRAZ receives IR Magazine awards
    EVRAZ announces that Giacomo Baizini, EVRAZ’s CFO, was announced as the winner of “Best investor relations by a CFO, large cap” in a survey carried out by IR Magazine Russia & CIS. Alexander Frolov, EVRAZ’s CEO, was ranked second in the category “Best ...
  • 2011-07-20 11:26:10
    MMK launches Mill 2000 - first stage of new cold rolling complex
    Magnitogorsk Iron and Steel Works (MMK) launched its Mill 2000 – the first stage of a new cold rolling complex - during Russian Prime Minister Vladimir Putin’s visit to MMK today. Mill 2000, with 2 mtpa capacity of finished products, will primarily produce high-quality cold-rolled ...
  • 2011-07-19 10:31:02
    Over 10,000 people benefit from RUSAL-ALSCON water project
    Ikot Abasi, Nigeria, 14 July 2011 – RUSAL-ALSCON, the Nigerian subsidiary of United Company RUSAL, the world’s largest aluminium producer, is pleased to announce the completion of seven water projects, to complement the existing three projects that provide potable water for over ...
  • 2011-07-19 10:24:52
    TMK runs pipe with premium connections at Yurkharovskoye Field
    TMK, one of the world’s leading oil and gas steel pipe producers, has run casing with TMK PF Premium Connections in both the onshore and offshore sections of a gas well at Novatek’s Yurkharovskoye Field. This well consists of both a vertical section, which is located in the ...
  • 2011-07-19 10:01:00
    MMK completes construction of MMK-ATAKAS Metalworks
    Commissioning of continuous hot-dip galvanizing unit at MMK-Atakas Istanbul site marks final stage of project. Today Magnitogorsk Iron and Steel Works (MMK) announced the launch of the MMK-Atakas continuous hot-dip galvanizing unit in Istanbul. This marks completion of construction of ...
  • 2011-07-18 10:04:00
    Buying attitude at Metal-Expo turned out incredibly high
      Results of the post-show buying attitude monitoring which has been held by RussCom IT Systems during a month after Metal-Expo’2010 finished show that 94,3% of 574 respondents ( Metal-Expo’2010 visitors) plan to visit the show in 2011 pointing out its high efficiency. ...
  • 2011-07-18 10:02:00
    Severstal North America receives conditional commitment for $730 M loan from U.S. Department of Energy
    Severstal North America (“Severstal”), a subsidiary of OAO Severstal, today announced that it has received a conditional commitment for a $730 million loan from the U.S. Department of Energy. The proceeds from the loan will be used to design, manufacture, and construct ...
  • 2011-07-15 10:10:57
    MMK announces results of its RUR 5 bln bonds placement at MICEX
    On July 14, 2011 MMK placed its RUR 5 bln bonds (series BO-06) with the maturity period of 1092 days (3 years). The offer for the issue is not provided. The issue is included in the list “B” at MICEX. The total value of demand from investors equaled to RUR 14.4 bln which ...
  • 2011-07-15 10:01:00
    Biggest world economies to meet in Moscow
    This year Metal-Expo (November 15-18, 2011, The All-Russia Exhibition Center, Moscow) will grow 20% as compared to the last year. The national expositions at Metal-Expo’2011 will also grow in space and number of exhibitors. Leading world economies will show their potentials and ...
  • 2011-07-14 11:06:57
    TMK announces 2011 second quarter and first half production Results and trading update
    The following contains forward looking statements concerning future events. These forward looking statements are based on current information and assumptions of TMK management concerning known and unknown risks and uncertainties. OAO TMK (“TMK” or “the ...
  • 2011-07-14 10:00:00
    Producers of Steel Products for Construction Sector will Exhibit in Moscow in November
    The exposition of MetaStroyForum’2011 Exhibition for Steel Products and Structures for Construction is in the middle of arranging. The exhibition will be held jointly with Metal-Expo’2011 (November 15-18, 2011 at the All-Russia Exhibition Center Fairgrounds). Some 200 of 600 ...
  • 2011-07-13 11:36:33
    NLMK reports transformer failure
    NLMK reports that a transformer failure has occurred at its Urals-based long products plant NSMMZ, resulting in the stoppage of one of the two Electric Arc Furnaces (EAF). No injuries occurred as a result of the incident. While the management is assessing the causes of the failure of the ...