Metallurgy news

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  • 2008-02-06 11:40:16
    UC RUSAL launches new potrooms at Irkutsk Aluminium Smelter
    UC RUSAL announced the launch of two new potrooms at the Irkutsk Aluminium Smelter (IrkAZ). The new production facilities will boost annual aluminium production capacity by more than 55% to 460,000 tn, with total investment in the project exceeding $600 mln. The first start-up complex of the ...
  • 2008-02-05 14:33:54
    CEO of EN+ Appointed
    Vladislav Soloviev has been appointed CEO of EN+, a holding which unites the energy, coal, oil and aluminum businesses of Basic Element   For the last seven years, Vladislav Soloviev has been Finance Director at UC RUSAL with responsibility for financial planning systems and ...
  • 2008-02-05 14:04:21
    OMZ Foundry Production Implements Latest Technologies
    OMZ Foundry Production, a part of OMZ, announced plans for a switch to the production of medium and small sized casting products using Alphaset Process Technology by mid-2008. Alphaset Process Technology simplifies the procedure for mold knockout and delivers significant quality ...
  • 2008-02-05 12:25:33
    MMK Becomes a Direct Owner of a 50% Interest in Kazankovskaya Coal Company
    OJSC MMK has acknowledged transfer of title to a 50% share package of ZAO Kazankovskaya Coal Company from OOO MetAl. The transfer occurred as part of the procedure of a voluntary liquidation of OOO MetAl, a 100% subsidiary of OJSC MMK. The 50% package, earlier owned by MetAl, was transferred ...
  • 2008-02-05 06:14:01
    Mechel masters unique wire production technology at its Beloretsk Metallurgical Plant subsidiary
    Mechel announces that its Beloretsk Metallurgical Plant subsidiary succeeded in mastering a unique technology to produce stabilized reinforcing wire for prestressed concrete structures used in the construction industry. The equipment supplied in March 2007 by one of the leading European ...
  • 2008-02-04 14:21:47
    METALLOINVEST to supply 80% of HBI total output in 2008 under long-term contracts
    Metalloinvest signed long-term contracts to supply 80% of Hot Briquetted Iron (HBI) total output in 2008. After setting up the second HBI production line at Lebedinsky GOK the Holding intends to increase HBI production capacity up to 2.4 mln tn against current 1.4 mln tn. The contracts ...
  • 2008-02-04 11:53:53
    UC RUSAL and China Power Investment Corporation announce strategic partnership
    UC RUSAL is pleased to announce that it has signed a Memorandum of Understanding (MoU) with China Power Investment Corporation (CPI) for a strategic partnership to create a vertically integrated aluminium production complex. The complex will consist of a bauxite-alumina complex in Guinea and an ...
  • 2008-02-04 10:52:06
    MMK-METIZ Boosts Production by 22%
    In 2007 the Magnitogorsk MMK-Metiz Plant manufacturing steel wire, cables, mesh and fasteners (“metalware”), and forming part of the OJSC MMK Group, produced 32% of Russia’s total output of such products.    Last year the production level at the Magnitogorsk ...
  • 2008-02-01 11:46:33
    Russian producers offer pig iron at above $500 cfr
    Russian merchant pig iron producers have increased offers to above $500 per tonne cfr southern Europe for basic steelmaking grades but buyers have so far resisted further increases.   Italian buyers have paid as much as $495 per tonne cfr for March shipments since the New Year and ...
  • 2008-02-01 11:01:11
    Russia’s Federal Antimonopoly Service approves UC RUSAL’s acquisition of a 25% plus one share stake in Norilsk Nickel from ONEXIM Group
    UC RUSAL yesterday welcomed the decision by Russia's Federal Antimonopoly Service (FAS) to grant clearance for UC RUSAL to acquire a 25% plus one share interest in MMC Norilsk Nickel from ONEXIM Group. Notification of the approval was announced by FAS on 31 January 2008. “Today's ...
  • 2008-02-01 10:21:23
    MMC Norilsk Nickel announces preliminary consolidated production results for 2007 and production forecast for 2008
    Norilsk Nickel announces preliminary consolidated production results for 2007 at its Polar and Kola Divisions in Russia and international operations in Finland, Australia, Botswana and South Africa. “We are satisfied with 2007 production volumes. Norilsk Nickel in 2007 strengthened its ...
  • 2008-01-31 12:35:08
    Severstal sells two mines
    Severstal announced today that it has reached agreement to sell Arcelor Mittal its 97,59% stake in the Beryozovskaya Mine together with its 99.35% stake in the Pervomayskaya Mine. Both mines are located in Kemerovo Region, Russia, and produce coking coal. As part of the deal, Severstal will ...
  • 2008-01-30 12:51:59
    TMK announces its production results for 2007
    For the year 2007, the total volume of shipped (refers to shipped from TMK plants for subsequent sale to customers) pipe products amounted to 3,074,000 tn.   Volumes of shipped pipe products in 2007 (thousands of tonnes)   ...
  • 2008-01-29 12:38:09
    UC RUSAL announces its production and summary financial results for 2007
      Revenues increased by over 11% to USD 14.3 bln compared with USD 12.9 bln in 2006  Overall investment rose by 45%, amounting to USD 2.9 bln Aluminium production increased by 6% to 4.2 mln tn Output of high value-added casthouse products increased by ...
  • 2008-01-29 11:24:22
    2007 Performance Results
    In 2007, production of metallurgical and steam coal at the enterprises of Belon Group totaled 4,655,000 tn, thus exceeding the respective index of the preceding year by 37%. The production volume of metallurgical coal increased by 16% against the ...
  • 2008-01-28 13:49:07
    IZ-Kartex Expands its Order Portfolio for 2008
    IZ-Kartex, a part of OMZ (Uralmash-Izhora Group)  announced a significant expansion of its portfolio of orders for 2008. The company has concluded a number of agreements to supply mining shovels to Russian, Ukrainian and Vietnamese mining companies. The total value of the agreements ...
  • 2008-01-28 12:59:28
    Evraz increases its stake in West Siberian Heat and Power Plant to 100%
    Evraz Group announces that Evraz Group through its subsidiary has completed the buyout of all outstanding common stock of West Siberian Heat and Power Plant (“ZapSibTETs” or “Plant”). The procedure was carried out in accordance with the Russian legislation through ...
  • 2008-01-28 11:58:02
    Novolipetsk Steel to acquire international steel trading companies
    OJSC Novolipetsk Steel (LSE: NLMK), the leading Russian steel producer, announces today that its 100% owned subsidiary, NLMK International BV (Netherlands), has signed an agreement to acquire a 100% stake in Novexco (Cyprus) Limited and 100% of Novex Trading (Swiss) S.A., both trading ...
  • 2008-01-25 14:08:27
    An Aluminium Smelter to be Built in Sakhalin
    The first in 2008 meeting of journalists with Mr. A. Khoroshavin, Governor of the Sakhalin Region was held at the Administration of the Sakhalin region. Mr. A. Khoroshavin announced that building of an aluminium smelter in the Uglegorsk region was important for Sakhalin. It was discussed at ...
  • 2008-01-25 14:07:31
    Izhora Tubes and Pipes Works to Produce K65(X80) Pipes
    Coordination Council of 2 Severstal affiliated enterprises – Cherepovets Steel Works and Izhora Tubes and Pipes Works have summed up 2007 cooperation results and worked out strategy for 2008. According to Mr. A. Kruchinin, Director General Cherepovets Steel Works and Chairman of ...
  • 2008-01-24 14:36:33
    Great Britain Fears of Transfer of IPO Rusal from London
    Financial Times with a reference to a Basic Element top manager as a source has reported that IPO of UC Rusal for more than $9 bln may be transferred from LSE to Hong Kong. According to the source, the chances are high (95%). The publication continues it is largely due to toughening of LSE ...
  • 2008-01-24 14:10:53
    Karabashmed has Entered into Second Stage of Modernization
    Basing on Ausmet technology Karabashmed has entered into second stage of modernization and extending of production. The second stage includes building of the second sulfur plant and the second oxygen station before 2011. The project also includes building of the second stockyard and an ...
  • 2008-01-24 14:08:38
    Vyksa Steel Works to Invest 2.3 bln rubles in Modernization of Oil and Gas Tubes Mill
    In 2008-2009 Vyksa Steel Works will invest 2.3 bln rubles in modernization of a mill in electric welding tubes plant #3, small and medium diameter tubes production complex. Electric welding tubes plant #3 produces oil and gas tubes of 203-530 mm in dia. The project includes setting up of ...
  • 2008-01-24 14:06:45
    MMK Provided Guarantee MMK Trading AG for $ 600 mln
    Magnitogorsk Iron and Steel Works has become an underwriter of the agreement on credit line arrangement sighed between its sister company MMK Trading AG and BNP Paribas, a Swiss bank. The decision was made on January 21, 2008 at the stockholders’ meeting. The cost of the transaction ...
  • 2008-01-24 13:43:34
    Estar shareholder agrees to buy Istil
    Istil Metallurgical Holding (IMH) has agreed to sell its Donetsk mini-mill Istil to Vadim Varshavsky, a major shareholder in Russia’s Estar Group, according to a press release distributed on Thursday. Varshavsky, who is also a State Duma deputy in Russia, has entered into the ...
  • 2008-01-23 12:11:10
    Novolipetsk Steel trading update for Q4 2007 and FY 2007
    Novolipetsk Steel released the following regular trading update for Q4 2007 and FY 2007. In general, NLMK’s main production site and major subsidiaries successfully realized production targets in 2007. Meanwhile, growing steel prices, as well as changes in the product mix towards ...
  • 2008-01-23 11:28:38
    European Commission extended divestiture period in respect of Highveld’s vanadium assets
    Evraz Group announces that the Commission of the European Communities has further extended until 20 April 2008 the divestiture period during which Highveld Steel and Vanadium Corporation Limited (“Highveld”), South Africa, is obliged to dispose of certain vanadium assets of Highveld.
  • 2008-01-22 15:16:10
    UC RUSAL and International Aluminium Institute (IAI) join efforts in safety initiatives
    UC RUSAL, the world’s largest aluminium and alumina producer, is pleased to announce that Victoria Petrova, the head of the company’s HR Directorate, has been appointed co-chair of the Safety Committee of the International Aluminium Institute (IAI). This appointment provides UC ...
  • 2008-01-22 15:12:34
    Volgograd Steel Works "Кrasniy Oktyabr” Increased Output by 2% in 2007
    In 2007 Volgograd Steel Works "Кrasniy Oktyabr” melted 732.3 thou tons of steel which is 2% more compared to 2006 (714.9 thou tons). Prefabricated products output increase by 3% reaching 533.4 thou tons (in 2006 – 514 thou tons). Nevertheless, in term of money this index ...
  • 2008-01-22 14:53:29
    FAS Allowed Norilsk Nickel to Trade Nickel with 3% Maximum Surcharge
    Federal Antimonopoly Service of the Russian Federation (FAS) has approved of the application of a group representing Norilsk Nickel, Norilsk Supplying Complex, Zapolyarie Building Company, Norilsk Industrial Transportation, Zapolyrie Health Center, Norilsknickelremont, Norilsk-Telecom, Taimyr ...
  • 2008-01-22 14:08:17
    Rostov Electric Metallurgy Works to Start Series Melting
    On January 19 scheduled tests were successfully performed at Rostov Electric Metallurgy Works (Shakhty, the Rostov region), press service of Estar Group of Companies reports. The Works is now ready to start series melting. Estar Group of Companies, Metallurgical Holding incorporates: ...
  • 2008-01-21 14:29:28
    Changes in Russian Aluminium Shapes Market
    Analysis of development of Russian aluminium shapes market clearly shows an active growth of extrusion facilities. For example, in December 2006 Agrisovgaz (Maloyaroslavets, the Kaluga region) put into operation a new extrusion line with the force of 1.850 thou tons which will enable to ...
  • 2008-01-21 12:16:01
    MMK Increased Blast Furnace Capacity
    A general overhaul of blast furnace #9 finished at Magnitogorsk Iron and Steel Works. Setting up of a bellless charger by Paul Wurth (Luxemburg) was part of the project. Due to the general overhaul steel quality will improve and output will increase, whereas the setting up of the new charger ...
  • 2008-01-21 11:51:34
    Chusovoy Metallurgical Works Increased Output in 2007
    In December 2007 Chusovoy Metallurgical Works produced 41.2 thou tons of rolled products (up 84% against 22.4 thou tons in December 2006), UMC press-service reports. In 2007 the total rolled products output reached 449.3 thou tons, which is 24.1 thou tons more compared to the total output in ...
  • 2008-01-18 14:13:21
    New Director General of ChTPZ Group has Been Appointed
    On January 15, 2008 Mr. Pavel Pelyugin, former Sales Director of ChTPZ was appointed Director General of ChTPZ Group, a management company of Chelyabinsk Tube-Rolling Plant and Pervouralsky Novotrubny Works. Mr. Vitaly Sadykov who had been Director General of ChTPZ Group since 2002 ...
  • 2008-01-18 13:08:07
    Norilsk Nickel will Increase Output
    By experts’ estimations in 2008 value of Norilsk Nickel shares will continue increase. According to IFC Metropol, today fair value of the shares reaches $340.4 per a share and the value increase potential is expected 28% against the present value. Analyst assume that the recent ...
  • 2008-01-18 12:57:24
    Mechel has Summed up 2007 Production Results
    In 2007 Mechel increased steel output by 2% to 6.09 mln tons compared to 2006. Last year pig iron output reached 3.685 mln tons (1% up compared to 2006), coke – 3.886 mln tons (51% up), nickel – 17 thou tons (19% up), mesh products – 683 thou tons (12% up), forgings – ...
  • 2008-01-18 12:04:54
    Magnitogorsk Iron & Steel Works (MMK) announces its production results for the 4th quarter and 12 months of 2007
    Steel products output of MMK grew by 7.6% in 2007 compared to 2006 and amounted to 12.2 mln tons. It is the record level of production in MMK history. The slight decrease of cast iron output is due to repairs and upgrading of blast furnaces. The crude steel production increased by 6.5% ...
  • 2008-01-17 17:14:02
    Magnezit Group Bought SLOVMAG Refractory Plant
    Magnezit Group bought 99.6% stake of SLOVMAG, Lubenik, Slovakia, the largest producer of refractory materials in Eastern Europe. The works operates a complete cycle of production of magnesia products and unmolded materials including magnesite excavation and dressing, magnesite powders ...
  • 2008-01-17 12:50:01
    VSMPO-Avisma Tubes Mill Increases Production
    In 2007 VSMPO-Avisma Tubes Mill (Nikopol, Ukraine) produced 299.35 tons of titanium tubular products (527 thou m) including 242.97 tons (524.7 thou m) of seamless cold-formed tubes and 56.38 tons (2.3 thou m) of seamless hot-formed tubes (in cooperation with Interpipe Niko Tube). Comparing to ...
  • 2008-01-16 12:50:03
    Kamkabel has Summed up 2007 Production Results
    Kamkabel has summed up its 2007 product results. Press-center of the works reports that the total output increased by 9% against 2006. The works produced power cables 19% more (26.697 thou km against 22.479 thou km in 2006). Increase in production of self-supporting insulated wires reached 48% ...
  • 2008-01-16 12:42:00
    ChTPZ Group Ferrous Division Ships 1,895,000 Tonnes of Product to Customers in 2007
    Chelyabinsk Tube-Rolling Plant (ChTPZ, Chelyabinsk, Russia) (RTS: CHEP) and Pervouralsk New Pipe Plant (PNTZ, Pervouralsk, Sverdlovsk region, Russia) (RTS: PNTZ), both in ChTPZ Group, shipped 1,895,000 tonnes of pipe products to customers in 2007, an increase of 10% as compared to 2006 ...
  • 2008-01-16 12:24:19
    Kolchugtsvetmet Increased Output to 25.05 Thou Tons
    Kolchugtsvetmet (Kolchugino, the Vladimir region) increased non-ferrous rolled products output by 12.3% to 25.05 thou tons in 2007. By estimation, sales proceeds increased by 30% to 7 bln rubles. In 2008 the works plans to increase output by 17.8% to 29.5 thou tons including production of ...
  • 2008-01-15 14:43:36
    UC RUSAL Aluminium Division receives international Occupational Health and Safety certification
    UC RUSAL, the world’s largest aluminium and alumina producer, is pleased to announce that its Aluminium Division has received certification of compliance with the Occupational Health and Safety Assessment Series (OHSAS) Specification 18001. Norwegian audit company Det Norske Veritas ...
  • 2008-01-15 13:20:41
    Steel Profile to Increase Steel Tubes Output
    Steel Profile, Novosibirsk Steel Works that forms part of Metallurgical Holding of Estar Group of Companies announced production results of 2007 showing steel tubes output 9.667 thou tons which is 73 % more than in 2006 (5.595 thou tons). Alexander Kurdyukov, Executive Director of Steel ...
  • 2008-01-15 13:18:25
    Russia Increases Copper and Nickel Exports
    In January-November 2007 Russia exported 258.1 thou tons of refined copper for $1.714 bln. According to the report of Federal Customs Service, 253.3 thou tons were exported outside of the CIS for $1.683 bln, to the CIS – 4.8 thou tons for $31.3 mln. In 2006 Russia exported 268.9 thou ...
  • 2008-01-15 12:47:10
    Management System of Sredneuralsk Copper Melting Works Complies with International Standards
    Auditing results have showed integrated management system (IMS) of Sredneuralsk Copper Melting Works complies with international standards. IMS includes quality management system, ecological management system as well as professional safety and health caring systems which comply with ...
  • 2008-01-15 11:03:59
    Mechel Closes Syndication of US$2 Billion Loan
    Mechel (NYSE: MTL), one of the leading Russian mining and metals companies, announces that it has closed syndication of a US$2.0 billion loan for refinancing its Yakutian coal assets acquired at auction on October 5, 2007. Mechel OAO and the international banks acting as the joint book ...
  • 2008-01-14 15:10:58
    In 2007 Almetyevsk Pipe Plant Increase Dispatch of Pipes by 8%
    UMC press service reports that in 2007 Almetyevsk Pipe Plant produced 138.5 thou tons of pipes of different range and 44.6 thou tons of pipes with outer polyethylene coating which is 12% more than in 2006 (123. 6 thou tons) and 3% (43.3 thou tons) respectively. In 2007 dispatch of pipes ...
  • 2008-01-14 14:53:40
    In 2007 Vyksa Steel Works increased Production of Tubes and Wheels
      UMC press service reports that in 2007 Vyksa Steel Works produced 1.707 mln tons of tubes of different range exceeding the output in 2006 by 11% (1.536 mln tons). Last year the works produced 944 thou tons of pipes which is 12% more than in 2006 (843.1 thou tons). In 2007 wheel ...