2009-12-23 11:35:02 Commissioning of polishing machine by Surface Engineering has completed at Sinarsky Pipe Plant
Commissioning of a polishing machine by Surface Engineering, Italy has completed at Sinarsky Pipe Plant (part of TMK Group) as part of a project on building long-cut pipes mill at pipes drawing plant # 3.
The fully automatic polishing machine equipped with an up-to-date diagnosis system ...
2009-12-23 11:10:11 MMK will increase manufacture of commercial products in 2010
In 2010 Magnitogorsk Iron and Steel Works plans on increasing manufacture of commercial products by 28% to 11.2 mln tons. According to E. Kovtunov, MMK production will exceed 12 mln tons. Growth of production in 2010 will be achieved mainly due to Mill 500 reaching its design capacity and ...
2009-12-22 12:02:57 Metal-Expo to be held at The All-Russia Exhibition Center
Metal-Expo’2010 16th International Industrial Exhibition will be held on November 9-12, 2010, in hall 75, the All-Russia Exhibition Center. This decision was made at the workshop of the Organizing Committee of Metal-Expo based on the results of a questionnaire poll of exhibitors of the ...
2009-12-22 11:18:42 Asha Steel Works to buy Amet Group Trade House
According to the official statement of Asha Steel Works, On December 17, 2009 it became an owner of 75% stock of Amet Group Trade House. Before Asha Steel Works did not own a share of the Trade House. Asha Steel Works 3d quarter 2009 report reads that the works owns shares in stocks of 18 ...
2009-12-22 10:48:29 Non-ferrous rolled products manufacture grew in November
According to Federal State Statistics Service of the Russian Federation in November 2009 primary aluminium production fell by 8.7% compared to the corresponding period of 2008, and by 2.4% compared to October 2009. In January - November 2009 primary aluminium production fell by 8.8% compared ...
2009-12-21 10:59:07 MMK extends range of size types of high strength galvanized flats
Magnitigorsk Iron and Steel Works has extended range of size types of hot-dip galvanized high strength flats of 320 and 350 grades as per GOST P 52246-2004, thickness 0.6-2.0 mm, width 1000 - 1465 mm. The mechanical characteristics fully meet Russian and international standards.
Today ...
2009-12-21 10:38:02 Evraz Inc. NA secures US$225 million of bank financing
Evraz Group S.A. (LSE: EVR) announces the closing of a US$225 million four-year committed revolving credit facility for its US wholly-owned subsidiary, Evraz Inc. NA (the “Company”). The facility is secured with the inventories and receivables of the Company and its operating ...
2009-12-18 10:14:15 TMK Supplies Karachaganak-Uralsk Pipeline
TMK (LSE:TMKS), one of the world’s leading manufacturers of pipe products for the oil and gas industry, announces that it completed pipe shipments to the Karachaganak Petroleum Operating B.V. (KPO) international consortium for the construction of the Karachaganak-Uralsk pipeline. ...
2009-12-18 10:11:49 RUSAL presents its unique technology to RUSNANO head
UC RUSAL, the world’s largest aluminium and alumina producer, presented its unique aluminium production technology based on the use of inert anodes to Anatoly Chubais, head of the state-owned Russian Corporation of Nanotechnologies (RUSNANO). The head of RUSNANO visited the Krasnoyarsk ...
2009-12-18 10:09:48 Mechel takes the first position among Russian hardware producers
Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces that according to the report released by Prommetiz, a Russian association of hardware producers, in October and November 2009 the two plants of Mechel’s steel division became the leaders in ...
2009-12-17 11:09:35 ChTPZ Group increased supplies by 63.6% in November 2009
In November 2009 Chelyabinsk Tube- Rolling Works and Pervouralsky Novotrubny Works (part of ChTPZ Group) supplied 98.2 ths tons of tubular products (63.6% up as compared to the corresponding period of 2008). Chelyabinsk Tube- Rolling Works November supplies reached 50.56 ths tons, while ...
2009-12-17 10:30:36 MMK announces the results of its RUR 10 bln bonds placement at MICEX
On December 16, 2009 MMK placed its RUR 10 bln bonds with the maturity period of 1092 days (3 years), 2-year offer and the coupon period of 182 days.
The coupon rate was set based on the results of a coupon rate tender held at MICEX. The total value of demand from investors equaled to ...
2009-12-16 10:52:16 Evraz completes acquisition of Vanady-Tula
Evraz Group (LSE: EVR) announces that its wholly-owned subsidiary, the Nizhny Tagil Iron and Steel Plant (NTMK), acquired 82.9% of voting shares of OAO Vanady Tula. This deal was financed from the deposit of approximately US$100 million at a current exchange rate provided by Evraz Group in ...
2009-12-16 10:46:57 Tatprof to work up European markets
This year’s changes in the market have made Tatprof search for new segments and niches for its aluminium products. The company considered a big and complicated European market as one of its top priorities. Market research has helped the company to find a niche in the market and ...
2009-12-16 10:22:54 NLMK upgrades its steelmaking facilities
Novolipetsk Steel has resumed production at its converter #2 after the upgrade of an emission system in the BOF shop #1.
The project was completed in 107 days during which 1,500 tonnes of steel structures were installed. Prior to this project, NLMK upgraded its converter #1 and it is ...
2009-12-15 12:50:12 TMK ships tubular products to Turkmengaz
Pipe Metallurgical Company (TMK) has performed an order for supplies of tubular products to Turkmengaz (Turkmenistan). In October-November 2009 TMK supplied casing tubes of 245 mm in dia., and 11.05 mm and 10.03 mm wall thicknesses. The tubes were manufactured at Seversky Tube Works in ...
2009-12-15 10:45:28 Khakas Aluminium Smelter: 750,000 tonnes in three years after commissioning
Moscow, 15 December 2009 – UC RUSAL, the world’s largest producer of aluminium and alumina, announces the third anniversary of the Khakas smelter’s operations, which have produced over 750,000 mt of aluminium since the start-up. Ninety-nine per cent of this output are high ...
2009-12-15 10:42:57 Evraz repays US$800 million Vnesheconombank loan
Evraz Group (LSE: EVR) ("Evraz" or the "Company") announces that it has repaid a US$800 million loan to Russia's State Corporation Bank for Development and Foreign Economic Affairs "Vnesheconombank” (VEB).
The loan was provided to Evraz in December 2008 to ...
2009-12-14 12:19:06 NLMK begins a new environmental project in sinter production
Novolipetsk Steel has begun a new environmental protection project at its sinter plant, aiming to reduce the environmental impact of the main production facility in Lipetsk.
Environmental pollution will be reduced as a result of the advanced sintering process and the extra equipment ...
2009-12-14 11:38:29 Consumption of construction profiles by 2020 may reach 320 ths tons
According to revised Strategy of Development of the Russian Steel Industry up to 2020 by the Ministry of Industry and Trade of the Russian Federation the demand for extruded profiles and flats for construction tends to grow (an annual growth in demand for aluminium profiles reaches 10-15%). ...
2009-12-11 10:41:20 Evras announces cancellation of notes
Evraz Group S.A. (the "Company") notifies that it cancelled on 1 December 2009:
• U.S.$144,100,000 in aggregate principal amount of the 2013 Notes (ISIN: XS0360055056);
• U.S.$173,300,000 in aggregate principal amount of the 2015 Notes (ISIN: XS0234987153); and ...
2009-12-11 10:38:08 Mechel announces Tikhvin Smelting Plant getting Certificate of its compliance with ISO 9001:2008
Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces that as a result of audit conducted by the company TUV SUD, Tikhvin Smelting Plant (TFZ JSC) obtained the certificate of compliance with the quality management system standard ISO 9001:2008. TFZ JSC is ...
2009-12-10 10:34:29 TMK Ships LD Pipes for BTS-2 and ESPO-2 Projects
TMK, one of the world’s leading manufacturers of steel pipes for the oil and gas sector, announces that it began shipments of longitudinal welded large-diameter pipe to Transneft for the construction of the second phase of the Baltic Pipeline System (BTS-2).
TMK will supply more ...
2009-12-10 10:31:52 RUSAL announces appointment of independent non-executive directors to the Board
UC RUSAL, the world’s largest aluminium producer, announces the appointment of Ms Elsie Leung Oi-Sie, GBM, JP and Mr Barry Cheung Chun-Yuen, JP as independent non-executive directors to its Board of Directors.
Ms Elsie Leung Oi-Sie, GBM, JP, was formerly Secretary for Justice and a ...
2009-12-10 10:30:35 NLMK establishes new long products management company
NLMK has established a new subsidiary, LLC NLMK-Long Products, to enhance the management of its long products business.
The newly established company will function as the managing company for NLMK’s steel companies which specialize in the production of long products and metal-ware, ...
2009-12-09 12:31:03 Production structure of the non-ferrous industry expects changes
Taking into account the affect of global economic and financial recession on production, rate of development, and the state of things in the Russian and world steel industry the Ministry of Industry and Trade of the Russian Federation has adopted the Strategy of Development of the Steel ...
2009-12-08 11:06:57 5% import duties on some types of hot-rolled products have been imposed
By its decree # 986 dated 3 December, 2009 the Russian government has imposed 5% import duties on some types of cold-rolled products, Rossiyskaya Gazeta reports. The document becomes operative after one month from the date of its official promulgation.
Equal import duties will be imposed ...
2009-12-08 10:39:00 Results of consent solicitation
Evraz Group S.A. (LSE:EVR) ("Evraz" or the "Company") formally announced on 7 December that it has successfully concluded its consent solicitation ("Consent Solicitation") with respect to its 2013 Notes, 2015 Notes and 2018 Notes (the "Notes").
The ...
2009-12-07 10:53:22 RUSAL signs comprehensive debt restructuring deal
Moscow, 3 December 2009 - UC RUSAL, the world’s largest aluminium and alumina producer, announces that the company has signed all the necessary documents on the comprehensive restructuring of its debt of USD 16.8 bln. The signing of the restructuring deal reinforces the competitive ...
2009-12-07 10:47:04 NLMK closes order book on the installment of its bond issuance program
Novolipetsk Steel (LSE: NLMK), a leading Russian steel company, is pleased to announced that it has closed the order book on the installment of the company’s bond issuance program (series БО-01). The issue has a total value of RUR5 billion with a nominal value of RUR1,000 per bond and a ...
2009-12-07 10:01:00 MMK phases in new high strength steel grades for automotive sector
MMK's Rolling Shop # 5 produced and shipped to AVTOVAZ a trial lot of cold rolled strip from rephosphorized steel.
MMK is consistently working on expanding its product range through diversifying into new steel grades, especially high strength grades.
In November MMK's Rolling Shop # ...
2009-12-04 12:09:04 Severstal steel-making facilities to consolidate purchases
Results of the consolidated tender for purchase of graphitized electrodes for Severstal steel-making-facilities including CherMK, Lucchini (Italy), and SNA (USA) have been summed up.
According to I. Nechaev, Commercial Director, Cherepovets Iron and Steel Works, due to the consolidated ...
2009-12-04 10:50:02 KUMZ to raise output of main types of products
Kamensk-Uralsky Metallurgical Works (KUMZ) has cast up results of its November production program. In November commercial products output grew as compared to the corresponding period in 2008, and October 2009 by 24.6% and 6.4% respectively in money terms and by 43.3 % and 3.1% respectively in ...
2009-12-04 10:33:49 In 2010 Metal-Expo will grow due to big exposition of steel structures manufacturers
A workshop of the Organizing Committee of Metal-Expo’2010 International Industrial Exhibition with participation of unions and associations of the construction, steel, and machine-building sectors as well as scientific and research institutions was held in Moscow. The Organizing ...
2009-12-03 11:52:34 Izhorky Zavody to confirm compliance of quality management system with ISO 9001-2008
Quality Management System of Izhorsky Zavody (part of OMZ Group) was re-certified for compliance with new version of ISO 9001-2008 in November 2009. The auditing was carried out by Bureau Veritas Certification and included all the divisions, processes, and Quality Management System ...
2009-12-03 11:27:29 Changes to European senior management team
The Board of Lucchini Group, the European segment of Severstal International have announced that they have approved the nomination of Marcello Calcagni to become Chief Executive Officer of Lucchini Group, with effect from January 1, 2010. Marcello Calcagni joined Lucchini Group as Director of ...
2009-12-03 10:36:46 RUSAL VAMI signs agreement with Power Machines Company on engineering services for new plant
St. Petersburg, 2 December 2009 – RUSAL, the world’s largest producer of alumina and aluminium, is pleased to announce the signing of an agreement between RUSAL VAMI, RUSAL’s in-house engineering institute, and Power Machines Company, a Russian industrial equipment ...
2009-12-02 18:45:00 Russian Nine-Month Steel Output Surpasses U.S., Ministry Says
Russia surpassed the U.S. to become the world’s third-largest steel producer in the first nine months of the year, said Viktor Semenov, a department head at the Industry and Trade Ministry in Moscow.
Russian produced 41.7 million metric tons of steel in the period, versus 40 million ...
2009-12-02 10:42:24 TMK large-diameter shipments to Gazprom
TMK, one of the world’s leading producers of pipes for the oil and gas industry, announces today that it began shipments of large-diameter pipe to Gazprom for the construction of the Pochinki-Gryazovets pipeline.
Shipments for the Pochinki-Gryazovets will run from December 2009 to ...
2009-12-02 10:35:36 Mechel announces three year prolongation of VTB Bank loan
Mechel OAO, one of the leading Russian mining and metals companies, announces agreement with VTB Bank about 3 year prolongation of the 15 billion rubles loan given to Mechel in 2008.
At the end of 2008 VTB Bank opened credit lines totaling 15 billion rubles to Mechel’s subsidiaries ...
2009-12-01 11:17:43 Severstal to launch production of the biggest wire ropes in the world
Radaelli, an Italian company incorporated in Severstal-Metiz Group of Companies has commissioned a Flexpack wire ropes manufacture line on its facilities in Trieste, Italy. The technical specifications of the wire ropes include an improved endurance and the biggest loading capacity in the ...
2009-12-01 10:01:00 Mechel to commission new equipment at its Mechel Campia Turzii subsidiary
Campia Turzii, Romania, one of the leading Russian mining and metals companies, announces completion of several investment projects at Mechel Campia Turzii plant (Romania, Campia Turzii), which is a part of Mechel OAO’s East-European Steel Division.
The official commissioning of ...
2009-11-30 12:38:43 Renaissance Capital to publish Russian and the CIS metal and steel market analysis in 4Q09.
Today Renaissance Capital has published an analytical report on the Russian and the CIS metal and steel markets in 4Q09 and given forecasts for 1Q10 revising stock quotations of the major players in the market as per industry sectors.
To download the full report, please click here ...
2009-11-30 11:11:04 MMK to begin overhaul of blast-furnace 2
An overhaul of the first unit of blast-furnace 2 began at Magnitogorsk Iron and Steel Works. The overhaul aims at modernization of the main facilities and raising technical and economic characteristics of the blast-furnace plant. According to the schedule the overhauls will last 110 days. ...
2009-11-30 10:00:00 Norilsk Nickel wins quality award of the Russian Government
An official Quality Awards Ceremony was held in the Awarding Hall of the Russian Government House on 24 November. The Government highly appreciated MMC Norilsk Nickel’s performance in 2008 and awarded the Company for its significant results in the field of quality of products and ...
2009-11-27 13:22:39 KUMZ to continue investing in its facilities
“Russian market is a top priority to Kamensk-Uralsky Metallurgical Works“, stated A. Skornyakov, Vice-President, Aluminium Products Management Company at Russian Metal and Steel Market Conference in Moscow. According to him, this year’s aluminium semi-finished products ...
2009-11-27 12:15:32 Evraz plans to dispatch to its North American tubular mills up to 400 ths tons of slabs a year
In his interview to Prime-TASS D. Sotnikov, Vice-President of Evraz Group, Head of Ural Division said that the company planned to dispatch to its North American tubular mills up to 400 ths of slabs a year from Nizhny Tagil Iron and Steel Works. According to him, today Nizhny Tagil Iron and ...
2009-11-27 11:34:27 Raspadskaya and Belon to buy new deposits
Right to develop 2 coal deposits was put up for auction in Kemerovo. According to Federal Agency for Natural Deposits Development of the Russian Federation the license to develop Raspadskaya-3 Mine, a coal deposit located 13 km to the North of Mezhdurechensk was bought by Raspadskaya, JSC for ...