News. Russian ferrous metallurgy news

SMS group Welcomes to its Stand

The SMS group, a regular Metal-Expo exhibitor unites global players in plant and machinery construction for processing steel and NF metals, operating under the roof of SMS Holding GmbH. The family-owned company - now run by the fourth generation - stands out with its strong market position and corporate culture of responsibility, together with high-performance products and services tailored to individual customer requirements. The SMS group combines the flexibility of medium-sized company units ...
11 May 2018., 14:36   comment

MMK open for industrial tourism

Magnitogorsk Iron and Steel Works (MMK) has launched a project which allows guests to visit the company’s production site. Several sightseeing tours are now readily available to tourists. ‘Taming the Fire’ – This tour includes a visit to Russia’s largest blast furnace plant and the unique complex of Mill 5000 whose products are used to supply manufacturers of large diameter pipes, as well as shipbuilding and bridge construction companies. You can visit the workshops and the plant’s science and ...
19 October 2018., 14:49   comment

Severstal reports Q3 & 9M 2018 financial results

PAO Severstal (MICEX-RTS: CHMF; LSE: SVST), one of the world’s leading steel and steel-related mining companies, today announces its Q3 & 9M 2018 financial results for the period ended 30 September 2018. Q3 2018 vs. Q2 2018 ANALYSIS: Group revenue declined 8.7% q/q to $2,063 million (Q2 2018: $2,259 million) due to reduced sales volumes of steel products and iron ore pellets, which reflects the high-base effect of Q2, as well as declining steel prices q/q. Group EBITDA declined 12.1% q/q, to ...
19 October 2018., 14:41   comment

Ural Steel successfully passes steel production audit

Ural Steel (part of Metalloinvest) has successfully passed the audit of its steel products for compliance with the European standards. TÜV Thüringen e.V. (Erfurt, Germany), one of the leading international certification groups, renewed the compliance certificates for the Company’s steel products used for manufacturing metal structures and vessels handling high pressures. Ural Steel’s production of constructional steel for metal and reinforced-concrete structures were tested for compliance ...
19 October 2018., 14:37   comment

NLMK Group launches construction of stamp charging complex at Altai-Koks

NLMK Group, a global steel company, has embarked on a project to implement stamp charging technology at an operating coke oven battery at Altai-Koks, a leading Russian manufacturer of metallurgical coke. This project, which is worth a total of 3.3 billion rubles, will boost coke quality and reduce the cost of its production, and improve the environmental footprint of operations. Stamping technology is under implementation at Coke Oven Battery No. 5, the biggest and the most advanced coke oven ...
10 December 2018., 15:25   comment

Severstal reports Q3 & 9M 2018 operational results

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 Q3 & 9M 2018. Q3 2018 GROUP HIGHLIGHTS Hot metal output increased 2% in Q3 2018 to 2.30 mln tonnes (Q2 2018: 2.26 mln tonnes) compared with the previous quarter after short-term maintenance works at BF#4 and BF#5. Crude steel productionincreased 2% to 3.06 mln tonnes (Q2 2018: 3.00 mln tonnes) in line with pig iron production ...
10 December 2018., 15:22   comment

Metalloinvest and ChelPipe Group discuss ways to boost OEMK steel supply for pipe production

Metalloinvest (“the Company”), a leading global iron ore and HBI producer and supplier, and one of the regional producers of high-quality steel, and ChelPipe Group have held a Coordination Committee meeting at OEMK (part of Metalloinvest). During the meeting the parties discussed options to increase supplies of high quality steel grades from OEMK to Pervouralsk New Pipe Plant (part of ChelPipe Group). Experts from ChelPipe Group visited the main departments of the OEMK plant, learned about technologies ...
10 December 2018., 11:06   comment

Domestic Rolled Products Output to Grow 0.9% in 2018

According to the forecast of the Ministry of Economic Development of the Russian Federation domestic steel rolled products output will reach 61.5Mt in 2018 (+0.9% compared to 2017). Rolled products export is expected to reach 28Mt (+0.3% compared to 2017), import: 5.5Mt (+1.4%). Rolled stock domestic consumption will reach 39Mt in 2018 (+1.4% compared to 2017). Reportedly, steel tubes output will reach 11.1Mt in 2018 (97% on last year’s output), export: 2Mt (93.4% on 2017 output), import: 0.52Mt ...
10 May 2018., 12:54   comment

Metal Week in Moscow is on the Way

30 heads of steel and construction industries unions, members of Metal-Expo’2018 Organizing Committee met yesterday in Moscow. More than 500 steel companies from 30 world countries have already confirmed their participation in Metal-Expo’2018 (November 13-16, Hall 75, VDNHa, Moscow, Russia). Along with the leading Russian ferrous and non-ferrous producers and engineering companies European and Asian engineering and steel companies arrange their expositions on the 27000 sqm exhibition space. ...
10 May 2018., 12:52   comment

Agnes Ritter elected to Board of Directors

PAO Severstal (LSE: SVST;MICEX-RTS: CHMF), one the world’s largest vertically integrated steel and mining companies, announces the results of voting following an extraordinary general meeting of shareholders held on 14 September 2018. Severstal's shareholders approved the payment of a dividend of 45.94 rubles per share for the three months ended 30 June 2018. The record date for this dividend payment is 25 September 2018. At the EGM, Agnes Ritter, Technical Director of AO Severstal Management, ...
14 September 2018., 16:58   comment

MMK to help develop standards for technology and innovation

Magnitogorsk Iron and Steel Works will take part in the Expert Group for the Development in Russia of Standards for the Implementation of Technology and Innovation. A unified methodology will increase demand for Russian technology and help boost Russian companies’ competitiveness. The Standards will constitute recommendations on working with external innovations, along with other measures aimed at making large companies more efficient and creating a supportive business environment for new technologies ...
14 September 2018., 16:47   comment

Severstal, RUSNANO and Windar Renovables to manufacture wind turbine towers in Russia

PAO Severstal, RUSNANO and Windar Renovables have concluded an agreement to create a joint venture, WRS Bashni, LLC, to produce steel towers for wind-driven power plants (WDPP). The renewable energy products, which will be the first of their kind in Russia, will be built in the Rostov Region. The wind energy equipment will be installed as part of a government programme to develop and stimulate the generation of renewable energy sources in Russia (RES). During the first stage, total investment ...
14 September 2018., 16:41   comment

MMK’s most productive mill continues to beat records

Magnitogorsk Iron and Steel Works’ (MMK) hot-rolling mill 2000 produced 527,955 tonnes of rolled metal in July 2018, a new monthly record for this unit. The previous record of monthly output of hot-rolled steel was achieved by MMK’s most productive rolling unit quite recently: in May the mill produced 527,505 tonnes of product. The unit, commissioned in 1994, is one of the most powerful in Russia. It is located within MMK’s sheet rolling shop No. 10 (LPTS-10). In the middle of the 2000s, the ...
09 July 2018., 16:33   comment

Dmitry Furmanov appointed General Director of NLMK Ural

NLMK Group, an international steel company, is pleased to announce the appointment of Dmitry Furmanov as General Director of NLMK Ural, one of the leading manufacturers of square billet, rebar and wire rod in Russia. Dmitry Furmanov’s appointment is effective September 1, 2018. In addition to managing the company’s operations, in his new capacity Dmitry will be responsible for the further improvement of operational efficiency and execution of the new cycle of NLMK Group’s strategy. In this role ...
09 July 2018., 16:31   comment

Metalloinvest and OMK improve quality of railway wheel billets

Metalloinvest and United Metallurgical Company (OMK) have held the latest meeting of the two companies' Coordination Committee. The production and supply of steel concast billets from Ural Steel for the production of railway wheels at Vyksa Steel Works (part of OMK) was discussed at the meeting. Andrey Prosyanik, Director of Domestic Sales at Management Company Metalloinvest, Igor Sich, Steel Product Sales Director of Management Company Metalloinvest, Evgeny Maslov, Managing Director of JSC ...
09 July 2018., 16:29   comment

Severstal becomes Russia’s first manufacturer of damping steel

PJSC Severstal, one of the world's leading vertically integrated steel and mining companies, presented a new vibration and sound absorbing damping steel, 01U5T, during a techno-breakfast organized by the All-Russian Society of Inventors and Innovators (ARSII). The event attracted entrepreneurs and investors focused on innovative industries as well as industry representatives keen to discuss product and technology innovation. Severstal specialists presented samples of the new product, demonstrating ...
09 July 2018., 16:27   comment

NLMK Board of Directors recommends dividends for Q2 2018

At a meeting held on 31 July 2018, NLMK Group’s (LSE: NLMK) Board of Directors recommended the Company’s shareholders approve payment of Q2’18 dividends of RUB 5.24 per share at the upcoming Extraordinary General Shareholder Meeting (EGM) which will be held on 28 September 2018. NLMK Group’s Board of Directors recommended NLMK shareholders approve Q2’18 dividends of RUB 5.24 per share, which is equivalent to approximately 100% of the Company’s average free cash flow and net income based on its ...
28 August 2018., 10:43   comment

Severstal will cut emissions with its reconstruction of coke oven battery No. 4

PJSC Severstal, one of the world's leading vertically integrated steel and mining companies, will reduce its emissions to the atmosphere by almost 700 tons per year during the reconstruction of coke oven battery No. 4 (KB-4) at the Cherepovets Metallurgical Plant (CherMK). The project, with a total cost of approximately 6 billion rubles, will significantly reduce the coke oven battery’s environmental load. While increasing annual coke production from battery No. 4 from 420 to 460 thousand tons, ...
28 August 2018., 10:39   comment

Mechel reports 1H2018 operational results

Mechel PAO’s Chief Executive Officer Oleg Korzhov commented on the 1H2018 operational results: “Renewal of mining equipment at Mechel’s coal facilities enabled us to attain stable mining levels and we plan to maintain this work pace until this year’s end. The decrease in mining volumes was due to a decline in thermal coal mining and re-orienting our facilities to focus on coking coals. Thermal coal production increased only in Elgaugol due to an overall mining growth, so we expanded the geography ...
22 August 2018., 12:03   comment

Metalloinvest and ChelPipe Group to create collaborative centre for development of new steel grades for large diameter pipes

Metalloinvest, a leading global iron ore and merchant HBI producer and supplier, and one of the regional producers of high-quality steel, has agreed to create a collaborative scientific and engineering centre with ChelPipe Group. Technical specialists from Metalloinvest and ChelPipe Group will work together at the centre to develop new steel grades and improve the quality of steel products. The decision to create the centre was taken during the coordination meeting between Metalloinvest and ...
08 January 2018., 14:49   comment