2010-05-19 11:37:37 Izhorskiye Zavody to ship hydrogenerator stator casing to Sayano-Shushenskaya hydro power plant
Izhorskiye Zavody, a part of OMZ Group, had manufactured and shipped the hydrogenerator stator casing for the rebuilding of Sayano-Shushenskaya hydro power plant.
The casing weighs about 100 tons.
Manufacturing contract for the hydrogenerator stator was signed in December 2009. The ...
2010-05-19 11:31:28 Severstal North America completes sale of select Northern Steel Group assets to Aurora Resurgence
Severstal North America has completed the sale of certain assets operated under Northern Steel Group, Inc., a leading steel services business, to an affiliate of Aurora Resurgence, a Los Angeles, Calif., private equity fund.
The sale includes Miami Valley Steel Service, Piqua, Ohio; ...
2010-05-18 12:36:51 Norilsk Nickel to hold the Investor Day in London
Today Norilsk Nickel (“MMC Norilsk Nickel” or “the Company”, or “the Group”) will hold the Investor Day in London. In the course of this event top managers of MMC Norilsk Nickel will make presentations for investors and analysts disclosing their vision of ...
2010-05-18 11:22:01 Electrozinc has gained 127.180M roubles net profit in Q1 2010
Electrozinc Vladikavkaz (part of Urals Mining and Metallurgical Company) announced production results in Q1 2010. In January - March 2010 the company has gained 1.086bn rubles profit including 591.806M rubles zinc sales income and 297.233M rubles lead sales income. Net profit reached 127.180M ...
2010-05-18 10:45:26 Evraz Group to issue Q1 2010 trading update
Evraz Group S.A. (LSE: EVR) (“Evraz”) issued its first quarter of 2010 trading update.
Highlights:
* Revenue for the three-month period ended 31 March 2010 was US$2,970 million
* Adjusted EBITDA was US$424 million with adjusted EBITDA margin of 14.3%
* Interest ...
2010-05-17 10:33:56 NLMK to purchase 100% stake in Kaluga Electric Steelmaking Plant
On May 14, 2010 NLMK purchased a 100% stake in CJSC Kaluga Electric Steelmaking Plant (KNPEMZ) from LLC Metallurgical Holding (a Maxi-Group subsidiary) for a total consideration of RUR 604.5m. The value of the company’s stake was determined by an independent appraisal. The main ...
2010-05-17 10:31:12 TMK participated at Offshore Technology Conference in Houston
TMK, one of the world’s leading producers of steel pipes for the oil and gas industry, announces that it took part in the Offshore Technology Conference (OTC). The conference took place May 3-May 6 in Houston, Texas (USA). The OTC is the world’s largest annual conference dedicated ...
2010-05-14 10:41:54 Mechel announces board of directors’ resolutions
Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces resolutions adopted by the company’s Board of Directors.
Mechel OAO’s Board of Directors meeting was held on May 12, 2010. The following resolutions were adopted at the meeting:
1. ...
2010-05-14 10:40:08 Severstal invests in iron ore projects in Congo and Gabon
OAO Severstal, one of the world’s leading integrated steel and mining companies, announces the multi-stage acquisition of new shares in Core Mining Limited. Core controls exploration licenses for the Avima iron ore deposit in the Republic of Congo (Brazzaville) and the Kango iron ore ...
2010-05-13 10:33:46 Aluminium profiles and structures manufacturers will gather in Moscow
Two weeks are left until the beginning of Aluminium: Alloys, Rolled Products and Profiles for Industry and Construction, 2d International Conference (May 26, Moscow).
Heads and professionals of aluminium, companies, steel traders, construction companies and official from the governmental ...
2010-05-12 11:52:38 Gurievsk Steel Mill to increase output
Gurievsk Steel Mill produced 18.6kt of open-hearth steel in April 2010 which is 88% more as compared to a corresponding period of 2009 (9.9kt). In April the mill produced 19.9kt of marketable rolled products which is almost 5times more compared to April 2009 (3.9kt) including 8.4kt of ...
2010-05-12 11:40:10 Severstal announces Q1 scrap procuring operational results
Over the first 3 months 2010 the total volume of ferrous raw materials supplied by Severstal-Vtormet (scrap procuring division) increased by 40% reaching 152kt as compared to a corresponding period of 2009. The share of Cherepovets Steel Mill in the dispatch structure has increased by 65% ...
2010-05-11 12:11:32 Russian aluminium exports increased by 5.8% in Q1
According to the statistics provided by the Federal Customs Service of the Russian Federation crude aluminium exports from Russia reached 827.5kt to the total amount of $1.448bn in Q1 2010 (the amount increased by 5.8% as compared to a corresponding period of 2009). Russian aluminium export ...
2010-05-07 11:55:37 Zlatoust Metallurgical Works raised output in April
Zlatoust Metallurgical Works produced more than 35.2kt of finished products and melted 20.6kt of steel on open-hearth and electric furnaces in April. Output of marketable products in April increased by 16% as compared to March, while steel output increased by 14%. Demands for stainless steel ...
2010-05-07 11:48:12 The biggest manufacturers of aluminium rolled products will gather in Moscow
In less than 3 weeks Aluminium: Alloys, Rolled Products and Profiles for Construction, 2d International Conference organized by Metal Supply & Sales magazine will begin in Moscow. The conference will be held during Auminium/Non-Ferrous-2010 exhibition.
One of the sessions will be ...
2010-05-06 13:25:27 MMK-Metiz plans to increase output
In 2010 MMK-Metiz plans to produce and sell 375.5kt of marketable products which is 21% more as compared to 2009. In 2009 the plant reduced output by 54% from 668kt produced in 2008.
In 2010 the major investment projects of the plant include buying and setting up of production lines ...
2010-05-06 13:14:10 Rostov Electric-Metallurgical Plant increase billets output in April
Rostov Electric-Metallurgical Plant output in April exceeded 61.2kt of continuous cast billets which is 2% more compared to March. Over the first 4 month 2010 the Plant produced more than 204.8kt of billets which is 57% more compared to the corresponding period last year (130.2kt).
Sales ...
2010-05-05 10:57:54 Acroni enters the market of steel armour plates
At the beginning of April, tests were conducted on the ballistic protection of the new generation of armour plates PROTAC by Acroni, the SIJ Group – Slovenska industrija jekla, in Nikinci in Serbia. The aim of the tests was to determine the level of ballistic protection according to the ...
2010-05-05 10:49:58 Russian Steel-Makers have Already Taken up Almost 1/3 of Export Quotas to EU
According to the statistical report of the European Commission Russian steel enterprisers supplied more than 1.01Mt of steel to EU in January – April 2010 having taken up 31.7% of the export quota set up by the EU. According to an agreement signed between the Russian Federation and the ...
2010-05-04 12:35:37 NLMK product quality complies with international standards
Novolipetsk Steel has passed a series of audits conducted by TÜV CERT, the independent German certifying agency. During the audit procedure, TÜV CERT experts examined the Company’s overall Quality Management System confirming its compliance with international standard ISO ...
2010-04-30 11:17:01 Domestic sales of aluminium profiles raised in Q1 2010
O. Dolgopolov, Deputy Director General for Commerce, Agrisovgaz stated at an open session of the Russian Union of Metal and Steel Suppliers in Moscow that domestic sales of aluminium profiles had raised 30 to 50% in Q1 2010 as compared to a corresponding period of 2009. However, O. Dolgopolov ...
2010-04-30 10:49:06 Evraz sells the Koksovaya coal company to Raspadskaya
Evraz Group announces the closing of the transaction to sell 100% of the voting shares of ZAO Koksovaya (“Koksovaya”), a wholly owned subsidiary of Evraz’s Yuzhkuzbassugol, to ZAO Raspadskaya-Koksovaya, part of OAO Raspadskaya coal company (both hereinafter referred to as ...
2010-04-29 10:30:58 Aluminium market in search for new ideas
Now a slight raise in demand has been registered in the Russian aluminium market; however, nobody knows how long it will last. For example although construction sector accounts for half of the total aluminium profiles consumption now only a few new projects have been recently launched. ...
2010-04-29 10:09:08 MMK announces financial results under Russian Accounting Standards for Q1 2010
The results reflect MMK (parent company) operations only and may vary significantly from the consolidated financial results under IAS.
.
-MMK produced 2.453 mln tons of finished products in Q1 2010
-MMK revenue under RAS increased by 6% compared to Q4 2009 and amounted to RUR ...
2010-04-28 12:05:22 Chelyabinsk Zinc Plant increased zinc production in Q1 2010
Chelyabinsk Zinc Plant increased zinc production by 58.5% to 38.57kt in Q1 2010 as compared to corresponding period of 2009. Output of zinc and its alloys has increased by 5.1% compared to QIV 2009. Domestic supplies reached 44% of the total zinc output.
The total amount of iron ore ...
2010-04-28 11:49:16 Mechel produced 1.4Mt of steel in Q1 2010
According to operational results announced by Mechel in Q1 2010 the company increased production of coking coal concentrate to 2.4Mt (+230% as compared to corresponding period of 2009), production of steam types of coal in Q1, on the contrary, dropped by 21% reaching 2.3Mt, steel production ...
2010-04-27 11:01:05 Volga-FEST increased output by 1/3 in Q1
Volga-FEST, Frolovo Electric Steel-Making Plant, part of Estar Group in January-March 2010 produced nearly 63kt of square billets which is 34% more compared to a corresponding period in 2009 (47kt). In Q1 the company sold nearly 66kt of products. The plant being sufficiently supplied with raw ...
2010-04-27 10:31:17 Mechel announces offering of preferred shares by certain selling shareholders
Mechel, one of the leading Russian mining and metals companies, today announced the launch of a public offering (the "Offering") by certain selling shareholders of preferred shares and preferred American Depositary Shares, each representing an interest in one-half of one preferred ...
2010-04-26 11:42:39 NLMK facilities to help set up rails production at Chelyabinsk Metallurgical Plant
Ural’s Scientific Research Institute of Architecture and Construction has signed a contract with Minmetals Engineering Co. Ltd. (China) to jointly design 100 meter long rails production with the capacity of 1.1 Mt/y at Chelyabinsk Metallurgical Plant.
The project includes use of a ...
2010-04-26 11:10:04 Nadvoitsy Aluminium Smelter to increase output
In Q1 output of Nadvoitsy Aluminium Smelter increased by 15.7% as compared to a corresponding period in 2009. The smelter resumed production of aluminium alloys for the automotive industry under direct agreements with international partners. Due to positive trends in the aluminium market the ...
2010-04-23 10:34:52 Mechel announces acquisition of laminorul Braila Metallurgical Plant in Romania
Mechel one of the leading Russian mining and metals companies, announces acquisition of Laminorul Braila metallurgical plant located in Romania.
On February 25, 2010 Mechel acquired 100% of the shares of Donau Commodities SRL, which holds 90.9% of the shares of Laminorul SA (Laminorul ...
2010-04-22 13:05:42 Izhorskiye Zavody successfully completed acceptance tests of hydro cracker unit for TANEKO
Izhorskiye Zavody, a part of OMZ Group, had successfully completed acceptance tests of a R0101 hydro cracker unit for the new OAO TANEKO advanced oil processing facility in Nizhnekamsk. The contract for two reactors was signed in 2007.
The hydro cracker unit is an unique unit, featuring ...
2010-04-22 12:48:54 Trubodetal launches new unique product
Trubodetal, part of United Metallurgical Company (OMK), has produced its first batch of split T-branches at the request of Transneft.
Four split T-branches two T-branches 1,220x159 and two T-branches 1,067x159 were shipped by the welding division of Thermal Press and Welding Workshop No. ...
2010-04-14 12:55:06 Rusal strengthens its senior management team
UC Rusal announces the appointment of Vladislav Soloviev, who was previously CEO of the En+ Management LLC, to the newly established position of First Deputy CEO of RUSAL. Before joining the EN+ Management LLC, Vladislav Soloviev held various senior executive positions with ...
2010-04-09 11:43:04 ZSMK to increase production of rebar steels
Production of rebar steels at ZSMK will increase to 30 thousand tons in 2010 and will exceed 50 thousand tons in 2011 due to fulfillment of a big investment project on modernization of bar mill 250-2 at the long products plant.
At present the new equipment is operated in the ...
2010-04-09 10:54:43 MBC Corporation continues managing international tenders
On April 7 MBC Tender Commission met again in working session to continue managing the bidding procedures for complex supplies for a dressing plant, Ozerny Mining and Processing Plant and other projects.
S. Garichev, Chairman of the Tender Commission, Deputy Director General MBC pointed ...
2010-04-09 10:28:44 Participants of the DSP-120 steelmaking facility project receive state awards
igh-performance steelmaking facility with the annual capacity of over 250 thousand tons of special steels had been commissioned at Izhorskiye Zavody (St. Petersburg, Kolpino) in June 2009 with financial and organizational support from Gazprombank.
The project is aimed at the production ...
2010-04-08 10:51:14 Slovenian Steel Group has bought Niro Wenden German Steel Centre
Slovenian Steel Group, d. d., has bought Niro Wenden German Steel Centre After the successfully concluded investments in the production capacities, SIJ – Slovenian Steel Group, owned by the Russian IMH – Industrial Metallurgical Holding, continues investing in the development of ...
2010-04-08 10:18:42 MMK commissions galvanizing line at its MMK-Atakas mill in Turkey
MMK commissioned continuous hot-dip galvanizing line at its project MMK-Atakas in Turkey at Iskenderun. The facility was supplied by Danieli & C. Officine Meccaniche SpA.
The designed production capacity of the unit is 450 thousand tons p.a. Galvanized steel from the unit will be ...
2010-04-07 14:03:44 OMZ Foundry produces large castings for the shipbuilding industry
OMZ Foundry, a part of OMZ Group, produces large castings for the Russian shipbuilding companies.
According to the order of OAO Northern Shipyard, the company had manufactured hull castings, including stern bossing and tail posts for the leader ship Admiral Gorshkov commissioned in March ...
2010-04-07 13:54:45 Mechel announces establishing Mecheltrans Management
Mecheltrans Management OOO started working on the 1st of April, 2010. The company was established in order to increase efficiency of management of Mechel group’s logistic assets. Functions of the management company cover preparation of complex solutions for goods transportation; control ...
2010-04-02 17:10:22 Evraz launches reconstruction at NKMK
Evraz Group S.A.(“Evraz”) launches rail mill reconstruction at NKMK, its Russian steel plant in Novokuznetsk, Siberia.
According to Evraz press-service after the completing of reconstruction in 2012, NKMK will be able to produce 25-metre and 100-metre high-speed rails. ...
2010-04-01 18:00:09 Mechel received EU certificate to mark its Campia Turzii Plant’s Products
Annual product certification procedure has been completed at Mechel Campia Turzii plant, which is a part of Mechel East-European Steel Division. The audit inspection results confirmed the plant’s procedures compliance to the EU requirements. The plant’s right to mark its products ...
2010-03-31 13:25:01 Evraz 2009 Net Loss amounted to $1.26 Billion
According to Evraz Group S.A. press-service its consolidated revenues decreased by 52.1% to $9.772 bn in 2009 compared with $20.380 bn in 2008. Net loss amounted to $1,26 bn compared with $1,859 bn net profit in 2008. Losses amounted to 3,10 per GDR (Global Depositary Receipt ) compared ...
2010-03-30 10:46:36 MMK net profit under RAS increased by 170% to RUR 27.406 bn in 2009
Magnitogorsk Iron and Steel Works (MMK) has retained the leadership in Russia among steelmakers with 17% market share in 2009. MMK sales under RAS amounted to RUR 137.317 bn in 2009. MMK net profit under Russian Accounting Standards ( RAS) increased by 170% to RUR 27.406 bn in 2009. According ...