2019-06-07 14:39:23 MMK partners with Deloitte to develop new digitalisation strategy
Magnitogorsk Iron and Steel Works (MMK) has partnered with Deloitte CIS to create a digitalisation strategy for the Company. The agreement was signed during the St. Petersburg International Economic Forum.
MMK has decided to update its digital portfolio as part of the Company's overall ...
2019-05-08 12:08:53 RUSAL Announces 1st Quarter Operating Results
Moscow, 30 April 2019 – RUSAL, a leading global aluminium producer, announces its operating results for the first quarter 2019 (“1Q19”).
Key highlights
Aluminium
Aluminium production
in 1Q19 totaled 928 thousand tonnes (-1.6% quarter-on-quarter ...
2019-05-08 12:05:17 Stoilensky produces its 15-millionth tonne of pellets
Stoilensky, part of NLMK Group, has produced its fifteen-millionth tonne of pellets since the launch of its pelletizing plant.
Launched in November 2016, the pelletizing plant has a design capacity of 6 million tonnes of pellets per year. In 2018, the plant reached the production ...
2019-05-08 12:03:33 MMK develops cooperation with consumers in Siberia
Deliveries of MMK's rolled steel to pipe companies in the Siberian Federal region have doubled since the beginning of the year. The region accounts for about 10% of the plant’s sales of the relevant products. The Company plans to further expand its presence in the domestic market. ...
2019-05-08 12:00:53 Metalloinvest presents updated Development Strategy
Metalloinvest, a leading global producer and supplier of HBI and iron ore products, and one of the regional producers of high-quality steel, has updated its Development Strategy.
The Strategy aims to allow the Company to maintain the leading position in the metals and mining industry ...
2019-05-08 11:58:50 Severstal announces sale of Mini-Mill Balakovo
PAO Severstal (the “Company”) one of the world’s leading vertically integrated steel and steel-related mining companies, announces that it has entered into a definitive agreement with Abinsk Electric Steel Works LTD for the sale of Mini-Mill Balakovo. The consideration of ...
2019-04-19 15:24:12 Mechel’s hardware production upgrade project wins state support
Mechel reports that the Supervisory Board of Russia’s Industry and Trade Ministry’s Industrial Development Fund approved a low-interest loan to Mechel Group’s Beloretsk Metallurgical Plant for upgrading its wire and rope production facilities.
The project’s cost ...
2019-04-19 15:20:42 MMK expands its range of metal products with high added value
PJSC Magnitogorsk Iron and Steel Works (MMK) shipped the first batch of rolled products with new consumer properties. Improved quality characteristics of hot-rolled sheet metal are obtained through the use of a unique technology which cleans scale from the surface of the sheet.
The ...
2019-04-19 15:17:40 Q1 2019 NLMK Group Trading update
NLMK Group (LSE: NLMK, MOEX: NLMK), a vertically integrated steelmaker, has published today its preliminary Q1 2019 operating results.
Q1 2019 highlights:
Steel output decreased by 4% qoq to 4.2 m t due to the overhauls at the Russian sites and seasonal factors. A 3% yoy steel ...
2019-04-19 15:16:30 Severstal reports Q1 2019 operational results
PAO 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 Q1 2019.
Q1 2019 GROUP HIGHLIGHTS
Hot metal output increased 6% q/q in Q1 2019 to 2.36 mln ...
2019-04-19 15:12:50 RUSAL and Braidy Industries will construct a green field aluminium rolling mill in Ashland, Kentucky
RUSAL and Braidy Industries Inc., a US-based holding company which owns both Veloxint, an MIT-incubated lightweighting solutions company, and NanoAl, a Northwestern University incubated materials research and technology company, announced an intent to establish a joint project in Ashland, ...
2019-04-03 12:35:29 RUSAL and Tiocomposite test production technique for sulphur concrete using red mud
RUSAL (stock code at the Hong Kong Stock Exchange: 486, at the Moscow Exchange: RUAL), one of the world's largest aluminium producers, and Tiocomposite signed a memorandum of intent to set test production of sulphur polymer concrete using alumina production waste in the Republic of ...
2019-04-03 12:30:24 MMK increases sales for its SteelArt polymer-coated products
It has been three years since the commissioning of the polymer-coating unit No. 5 at the Lysvensky Metallurgical Plant, which currently manufactures products with decorative designs under the SteelArt brand.
These products consist of a metal base with a three-layer polymer coating, ...
2019-04-03 12:28:31 Air Liquide and Severstal further strengthen their partnership with a new long-term contract
PAO Severstal and Air Liquide have signed a new long-term contract for the supply of oxygen, nitrogen and argon in Cherepovets. Air Liquide will invest around 50 million euros in the construction of a state-of-the-art Air Separation Unit (ASU) which will improve the energy efficiency and the ...
2019-04-03 12:26:51 Metalloinvest purchases new heavy-duty excavator for Lebedinsky GOK
A new heavy-duty excavator (EKG-20), with a 20 cubic metre ladle, has been launched into operation at Lebedinsky GOK (part of Metalloinvest). Modern and powerful production equipment, such as the new excavator, is regularly purchased by Metalloinvest for Lebedinsky GOK as part of its ...
2019-04-03 12:24:39 NLMK updates reheating furnace at its hot-rolling shop in Lipetsk
NLMK Group’s Lipetsk site, has started installation of the reheating furnace equipment in its hot-rolling shop. A new walking-beam furnace will replace a previous-generation pusher-type furnace.
The new furnace will add 110 k t per year (+2%) to the hot-rolling mill's output, ...
2019-03-13 15:34:56 Paul Wurth blast furnace equipment – long-term solutions for EVRAZ NTMK
Luxembourg, 13 March 2019. By October 2020, EVRAZ will complete a technical upgrade of No. 6 Blast Furnace of their integrated steel works NTMK located at Nizhnij Tagil in the Urals, Russia. The modernization will concern all systems of the existing installation and enables increasing the ...
2019-03-12 09:00:00 ExxonMobil and Primetals Technologies sign global lubrication agreement
• Partnership introduces a joint lubricants and technical services offering
• Available to Primetals Technologies long rolling and Morgoil flat rolling equipment owners
• Offer includes an enhanced new equipment warranty
ExxonMobil and Primetals Technologies have ...
2019-02-15 14:22:03 MMK Board of Directors Recommends Dividends For Q4 2018
PJSC Magnitogorsk Iron & Steel Works ("MMK" or "the Company”, ticker: MMK:LI) announces that on 8 February 2019 the Company’s Board of Directors recommended that the Annual General Meeting of shareholders approve a dividend of RUB 1.398 (before taxes) per share ...
2019-02-15 14:20:05 Severstal’s Izhora Pipe Mill to supply Gazprom with over 200 thousand tons of pipes
Izhora Pipe Mill (IPM, part of PAO Severstal) has won several tenders to supply PAO Gazprom with over 200 thousand tons of large diameter pipes. The products will be used in the development of gas transmission capacities for the Unified Gas Supply System in the North-West Region (NEGP), as ...
2019-02-15 14:18:39 Moody’s upgrades NLMK Group’s long-term credit rating
International rating agency Moody’s has upgraded NLMK Group’s long-term credit rating from Baa3 to Вaа2 with a stable outlook (both are investment grade). The decision follows a rating action to upgrade Russia’s sovereign rating which took place on 8 February 2019. ...
2019-02-08 16:15:52 MMK Group Financial Statements
Q4 2018 highlights vs Q3 2018
The decrease in revenue for Q4 2018 was due to the fall in the average sale price of finished products against a backdrop of a seasonal decrease in sales of steel products. In Q4 2018, the cost of sales grew q-o-q, mainly due to higher prices of key raw ...
2019-02-08 16:13:21 Q4 and 12m 2018 NLMK Group consolidated financial results under IFRS
NLMK Group (MICEX and LSE: NLMK) is pleased to announce an EBITDA growth of 35% yoy to $3.6 bn in 2018. EBITDA margin hit a decade high at 30%. Free cash flow grew by 60% to $2.0 bn.
12M 2018 key highlights
Group revenue in 12M 2018 totalled $12.0 bn (+20% yoy), driven by the ...
2019-02-05 13:51:28 Tenaris and Severstal to form joint venture to build a welded pipe plant in West Siberia
Moscow, February 5, 2019 –Tenaris S.A. (NYSE, Buenos Aires and Mexico: TS and MTA Italy: TEN) and PAO Severstal (MICEX-RTS: CHMF; LSE: SVST) announced today that they will create a joint venture to build a welded pipe plant to produce OCTG products in the Surgut area, West Siberia, ...
2019-02-05 11:43:12 Fletcher Group consolidates service functions into Corporate Solutions Centre
NLMK Group, an international steel company, has sold 100% of its stake in NLMK Accounting Centre to Fletcher Group Holdings Limited for a total of 23.9 million rubles.
NLMK Accounting Centre will be used as a platform for setting up a single service company, NLMK Corporate Solutions ...
2019-02-05 11:41:45 Severstal announces 2019 capital investment programme
PAO Severstal ("Severstal"; "the Company"), one of the world’s leading vertically integrated steel and steel-related mining companies, today announces its capital investment programme for 2019.
In line with previous announcements, Severstal plans to invest ...
2019-02-05 11:39:32 IMH operational results for FY 2018
Industrial Metallurgical Holding (IMH), one of the global leading suppliers of merchant pig iron and the biggest merchant coke producer in Russia, announces its operational results for FY 2018.
In 2018, Tulachermet achieved record-high pig iron production for the whole history working ...
2019-02-05 11:37:35 MMK's hot-rolled products Mill 2000 sets annual production record
PJSC Magnitogorsk Iron and Steel Works’ (MMK) hot-rolled products Mill 2000 achieved its maximum annual production rate in 2018, for the second time since its launch, breaking the 6 million tonne mark for production of hot-rolled products.
The previous record was set at the end ...
2019-01-25 14:57:54 Izhora Pipe Mill to supply pipes for the European gas pipeline Poland–Slovakia Gas Interconnection
Izhora Pipe Mill (IPM, part of PAO Severstal) is to produce and supply over 11 thousand tons of large diameter pipes for the Poland–Slovakia Gas Interconnection project, which will become part of the EU energy infrastructure priority corridor North–South gas interconnections in ...
2019-01-25 14:54:35 Mechel Launches Steel Trade Online Store
Mechel reports launching an online store to market the company’s rolls.
Mechel Service OOO’s online store offers a wide range of rolls, including over 40,000 articles in 49 categories such as flat and section rolls, pipes, hot- and cold-rolled products, hardware, stainless ...
2019-01-25 14:52:45 TMK Announces FY 2018 Operational Results
FY 2018 Highlights
Total pipe shipments grew 6% year-on-year, to 4,010 thousand tonnes, mainly driven by higher seamless OCTG shipments at the Russian division and increased shipments of both seamless and welded OCTG pipe at the American division, due to stronger drilling activity in ...
2019-01-25 14:49:05 MMK Group Trading Update for Q4 and FY 2018
Q4 2018 highlights vs. Q3 2018
MMK Group’s total sales of finished products in Q4 2018 totalled 2,936 thousand tonnes, down 3.8% quarter-on-quarter (q-o-q).
MMK Group’s sales of HVA products in Q4 2018 were 1,349 thousand tonnes, almost flat q-o-q. The share of HVA ...
2019-01-18 14:30:20 Severstal reports Q4 & FY2018 operational results
PAO Severstal (MICEX-RTS: CHMF; LSE: SVST), one of the world’s leading vertically integrat¬¬ed steel and steel-related mining companies, today announces its operational results for Q4 and FY2018.
Q4 2018 GROUP HIGHLIGHTS
• Hot metal output decreased 3% q/q in Q4 ...
2019-01-18 14:29:22 Q4 2017 and 12M 2018 NLMK Group Trading update
In 2018, NLMK Group sales grew to 17.6 m t, up 7% yoy. Steel output grew by 2% yoy to 17.5 m t. Steel capacity utilization rate was 99%.
12M 2018 highlights:
Steel output increased by 2% yoy to 17.5 m t.
Group sales grew by 7% yoy to 17.6 m t, driven by growth of demand in ...
2018-12-26 12:37:45 MMK reaches new record resilience for steelmaking unit lining
Magnitogorsk Iron and Steel Works (MMK) has achieved a new record indicator for the resilience of the refractory lining of the main arch of the two-hearth furnace (THF) at the electric steel smelting shop. Refractories, which face the internal surface of a furnace, withstood 1,321 melts. ...
2018-12-26 12:35:46 Category Metalloinvest upgrades blast furnaces at Ural Steel
Metalloinvest has commenced the technical re-equipping of blast furnaces #2 and #3 at Ural Steel.
In order to be able to function with maximum efficiency for an extended period of time, the blast furnaces will be equipped with a cooling and lining system using high-heat copper cooling ...
2018-12-26 12:33:42 NLMK to award scholarships to best MISIS students
NLMK Group, an international steel company, will establish personalized scholarships for the best students of MISIS National University of Science and Technology, and grow the number of on-the-job trainees from the University at its sites.
NLMK and MISIS have signed a framework ...
2018-12-26 12:25:43 UMMC signs debut EUR100m PXF syndicated loan
Ural Mining Metallurgical Company (UMMC), one of the top Russian producers of copper, zinc and other precious metals in Russia signs a debut EUR100m syndicated loan. Mandated Lead Arrangers, Bookrunners and Lenders are Raiffeisen Bank International AG, AO Raiffeisenbank, PJSC ROSBANK and ...
2018-12-18 11:57:39 Mechel Expands Long-Term Coal Supply Agreement with Japan’s Itochu Corporation
Mechel PAO reports expansion of the sales agreement with a major Japanese universal trading company Itochu Corporation.
The agreement stipulates that Mechel and Itochu Corporation agreed on potential sales of up to 800,000 tonnes of coking and thermal coal between December 2018 and ...
2018-12-18 11:51:24 NLMK Group to boost second-largest Lipetsk furnace capacity by 8%
NLMK Group has embarked on a large-scale reconstruction of Blast Furnace No. 6 (BF-6) at its Lipetsk site. The project will enable an 8% increase in BF capacity to 3.4 million tonnes of pig iron per year, significantly improve its environmental performance, and extend its interrepair cycle ...
2018-12-18 11:48:21 MMK named among the best enterprises in Russia in rating by WWF
The rating was initiated by the World Wide Fund for Nature (WWF) of Russia and the United Nations Environment Programme (Russian Federation Mission). The rating was carried out by the National Rating Agency on the basis of data on the activities of companies which was publicly available ...
2018-11-29 11:15:22 Metalloinvest increases productivity of Pellet Plant #3 by 5% this year
Metalloinvest has continued to implement its project to modernise Pellet Plant #3 (PP-3) at Mikhailovsky GOK.
The first stage of modernisation was carried out on PP-3’s operational design in order to increase the efficiency of pellet production from mixes of iron ore concentrates ...
2018-11-28 11:30:43 NLMK Group at Metal-Expo 2018
NLMK Group, a global steel company with operations in Russia, the European Union, and the USA will take part in Metal-Expo’2018, the 24th International Industrial Exhibition that will be held on 13th-16th November at Pavilion No. 75, VDNH (Moscow).
This year, the Company is happy ...
2018-11-28 11:27:04 MMK receives gold at Metal-Expo
Magnitogorsk Iron and Steel Works (MMK) became the winner of the 24th International Industrial Exhibition "Metal-Expo`2018". The company won a gold medal for the development and implementation of a production logistics data system, allowing for a significant increase in ...
2018-11-28 11:22:25 Mechel Reports the 9M 2018 Financial Results
Mechel PAO (MOEX: MTLR, NYSE: MTL), a leadingRussian mining and steel group, announces financial results for the 9M 2018.
Mechel PAO’s Chief Executive Officer Oleg Korzhov commented:
“The Group’s nine months 2018 financial result from operating activities ...
2018-11-05 14:36:27 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 ...
2018-10-19 14:49:03 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 ...
2018-10-19 14:41:12 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 ...