2012-12-05 11:05:40 NLMK closes the order book for its RUR 10 billion bond issue
NLMK (LSE: NLMK), the leading global steelmaking company, closed the order book for its 08 bond issue on December 4, 2012. The issue has a total value of RUB10 billion, a maturity period of 10 years and a buy back offer in 3 years.
In the course of marketing, book orders were placed by ...
2012-12-04 11:11:08 TMK Acquires Controlling Stake in Pipe Plant in Oman
TMK, one of the world's leading producers of tubular products for the oil and gas industry, has acquired 55% of Gulf International Pipe Industry L.L.C. (GIPI) located in Oman.
The plant’s production capacity exceeds 200,000 tonnes of welded OCTG and line pipe for oil and gas ...
2012-11-26 12:17:11 Mechel Reports Temporary Suspension of Steelmaking Facilities in Romania and Ukraine
Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, reports temporary halting of production facilities at Donetsk Electrometallurgical Plant (DEMZ), which is part of Mechel’s steel division, and the schedule for temporary suspension of production at the ...
2012-11-26 12:15:43 NLMK Indiana production beats all-time records
Recently, the NLMK Indiana, a US subsidiary of NLMK Group, has broken all time production records.
During January – October period of 2012 NLMK Indiana produced over 617,000 tonnes (hereinafter metric tonnes) of slabs and over 586,000 tonnes of hot rolled coils. Melt Shop ...
2012-11-22 10:14:44 Rearrangement in Norilsk Nickel top management
OJSC MMC Norilsk Nickel (Company or MMC Norilsk Nickel) reports management rearrangement.
Evgeny Muravyev, the incumbent Director of the Company’s Polar Division for the last 3 years, is promoted to the position of Deputy General Director of MMC Norilsk Nickel, effective as of ...
2012-11-20 12:19:40 OJSC MMC Norilsk Nickel reports acknowledged the best
OJSC MMC NORILSK NICKEL (hereinafter Norilsk Nickel or the Company) gained various awards of the XV Annual contest of annual reports organized by OJSC “Moscow Stock Exchange”.
The contest is held since 1998 all the way contributing for propaganda of advanced experiences in ...
2012-11-20 12:18:47 Severstal increases shipments to Russian and CIS car manufacturers
During the first ten months of 2012, the Cherepovets Steel Mill (“CheMC”), part the Russian Steel division of OAO Severstal, one of the world’s leading steel and steel-related mining companies, has increased shipments of rolled steel to Russian and CIS-based car ...
2012-11-20 11:16:23 NLMK’s annual report wins awards in national contests
NLMK’s 2011 Annual Report has brought home multiple awards from recent national and international contests.
NLMK was recognized in five categories in the 15th Yearly Federal Contest of Annual Reports organized by the Moscow Exchange (http://konkurs.micex.rts.ru/en/default.aspx), ...
2012-11-19 17:33:04 Severstal adopts company-wide Anti-Corruption Policy
Severstal, one of the world’s leading steel and steel-related mining companies, has adopted a company-wide Anti-Corruption Policy (“the policy”). The policy, signed by Alexei Mordashov, Severstal’s Chief Executive Officer, is aimed at ensuring that all of ...
2012-11-19 09:54:24 Mechel Has Attended Metal Expo’ 2012 Annual Exhibition
Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, reports its participation in the 18th International Industrial Exhibition Metal-Expo’ 2012, which was held at the All-Russia Exhibition Center in Moscow on November 13-16, 2012.
Some 700 organizations ...
2012-11-19 09:53:13 MMK Metalurji puts EAF and hot rolling facilities on halt for a period of up to 90 days
This measure will allow the company to increase economic efficiency of the plant and help achieve positive profitability of MMK’s Turkish project.
MMK Metalurji (an asset of Magnitogorsk Iron and Steel Works in Turkey) announced that its EAF and hot rolling facilities in ...
2012-11-16 13:07:58 NLMK to supply slabs to OMK
NLMK has signed a long-term contract with Vyksa Steel Works (VMZ) (part of OMK, the United Metallurgical Company) for the supply of continuously cast slabs. These slabs will be rolled into plates at the VMZ Mill-5000 (MKS-5000) to be further used for the production of large-diameter ...
2012-11-15 13:11:21 Severstal reports Q3 & 9M 2012 financial results
OAO Severstal (MICEX-RTS: CHMF; LSE: SVST), one of the world’s leading vertically integrated steel and steel-related mining companies, today announces its Q3 & 9M 2012 financial results.
CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED 30 September 2012 ...
2012-11-08 10:14:32 What to expect in 2013?
Next year is unlikely to bring significant relief to steel producers in the absence of visible points of economic growth, which could boost demand, and due to the overcapacity in steel production. The global financial crisis has predetermined decline in investments and therefore slump in ...
2012-11-07 13:09:12 MMK may invest additional USD 100 million in Turkish subsidiary
OJSC Magnitogorsk Iron and Steel Works (MMK) is exploring the possibility of investing an additional USD 100 million over the medium term into MMK-Metalurji, its Turkish subsidiary, to reduce production costs and increase production efficiency.
Investment projects under consideration ...
2012-11-02 14:39:10 Red Bud Industries and Weber Comechanics hosted a Coil Processing Seminar in Moscow
Red Bud Industries, located in Red Bud, Illinois, and Weber Comechanics, located in Moscow, Russia, hosted a Coil Processing Seminar at the Borodino Hotel Moscow on September 26, 2012. Over 70 attendees learned about blanking, multi-blanking, leveling, slitting, and a new process (EPS®) ...
2012-10-31 12:32:42 New realities of the Russian metal and steel market
All metal market experts have recently drawn a conclusion that it’s practically impossible to make an accurate forecast of metal supply, demand, and prices for more than 2-3 months in advance. What to do then? How to make technical-economical assessment of investments and new projects? ...
2012-10-31 07:19:51 Boeing and VSMPO-Avisma agreed joint-venture extending and R&D cooperation
Largest Russian titanium producer, VSMPO-Avisma, Rostekhnologii subsidiary company, and American Boeing signed a memorandum to extend titanium procurement cooperation by Ural Boeing Manufacturing (UBM) joint venture expansion. Parties will also continue the R&D interaction regarding new ...
2012-10-26 11:41:36 Ufaleynickel undergoes large-scale modernization
This year’s investments into modernization of enterprises under the control of the managing company Highmetal KDS (Ufaleynickel, Rezhnickel, Serov Nickel Mine) will total 140 mln rubles.
The major part of this sum – about 90 mln rubles – is supposed to be spent during ...
2012-10-26 10:50:21 Oleg Bagrin Elected President of NLMK
NLMK, the leading global steelmaking company, today announced that its shareholders at an Extraordinary General Meeting (“EGM”) elected Mr. Oleg Bagrin as NLMK President (Chairman of the Management Board).
Mr. Bagrin was nominated as President by NLMK’s majority ...
2012-10-26 09:25:00 34 countries will present high-tech products and technologies at Metal-Expo'2012
706 companies from 34 countries have already registered for the traditional annual exhibition Metal-Expo, which will be held on November 13-16.
Among foreign countries Germany holds the leading positions (58 companies), followed by China (45), Italy (31), Czech Republic (14), Finland ...
2012-10-23 13:06:15 ZincOx and Magnezit to build dust recycling plant in Russia
ZincOx Resources plc announces that it has on 19 October 2012 entered into a Joint Venture Agreement (JV) with Ural-Recycling LLC, a wholly owned subsidiary of Magnezit Group Limited (Magnezit). The JV will cover the first phase of a programme to establish a waste dust recycling facility in ...
2012-10-23 10:31:42 Mechel Reports Suspension of Mining Facilities in USA
Mechel reports temporary halting of mining facilities of Mechel Bluestone (West Virginia, USA), which is part of the Group’s mining division.
Due to accumulated inventories of coal, Mechel decided to temporarily suspend mining at some facilities of Mechel Bluestone’s mining ...
2012-10-22 10:42:02 Chelyabinsk Zinc Plant Announces 9M 2012 Production Results
Chelyabinsk Zinc Plant (LSE, MICEX: CHZN), Russia’s largest producer of zinc and zinc alloys, is pleased to announce its production results for the nine months ended September 30, 2012.
Chelyabinsk Zinc Plant (CZP) produced 121,335 tonnes of salable SHG zinc and zinc based alloys ...
2012-10-19 10:53:31 IT for metallurgical enterprises: determining the future
The program of “IT for Metallurgical Enterprises: Determining the Future” Conference has been recently finalized.
According to the Conference organizers this year’s list of speakers has been completely updated. Permanent members of the annual event will learn about ...
2012-10-19 10:48:51 Koreans are welcome to mine copper in Kolyma
Administration of the Magadan region held a presentation in Seoul, South Korea, where the possibilities of metal ore mining was presented.
“Our projects were aimed at mineral resources of the Magadan region, and not only gold and silver but also iron ore, copper, coal” ...
2012-10-17 17:20:13 Russian metal & steel market participants: meeting in a month!
2013 will bring some serious changes in the Russian steel and metal market. A number of big investment projects are going to be implemented throughout the year. NLMK-Kaluga plant in Kaluga Region and UMMC-Steel plant in Tyumen will be launched in the beginning of the year; Long Product Mill ...
2012-10-17 17:18:21 Estimated iron ore resources at the Putu iron ore deposit increased to 4.4 billion tonnes
OAO Severstal (“Severstal”, “the Company”), one of the world’s leading vertically integrated steel and steel-related mining companies, announces that an independent resource report has increased its estimates of iron ore resources at the Putu iron ore deposit in ...
2012-10-17 14:11:43 TMK Starts Supplying Pipes for Lukoil’s North Caspian Deposit
TMK, a leading global manufacturer and supplier of steel pipes for the oil and gas industry, has started shipments of pipes to be used in construction of deep water pipelines at the Filanovsky oil and gas condensate deposit in the North Caspian Sea under development by Lukoil.
The ...
2012-10-17 12:52:16 Rolled product output in Russia for 9 months has increased by 6% to 47 mln tons
Federal State Statistics Service reports that according to the results of the period from January to September 2012 Russian enterprises produced 46,9 million tones of finished steel products, an increase of 6% as compared to the same period in 2011.
Production of steel has increased by ...
2012-10-16 17:18:35 IRC: Ilmenite Production Increase Completed
IRC Limited is pleased to announce the completion of a technology upgrade at its Kuranakh operation resulting in a 150% increase in ilmenite capacity and the reaffirmation of the Company’s targets for 2012 and beyond.
Key Highlights:
More than 150% increase in ilmenite ...
2012-10-12 15:09:44 This year’s Moscow Metal Week is going to be filled with events
The traditional autumn Moscow Metal Week will begin on November, 12th starting with the 15th International Conference “ The Russian metal and steel market-2012 ”, organized by Metal Supply and Sale Magazine in cooperation with the leading manufacturers and suppliers of metal ...
2012-10-12 14:54:19 Metal-Expo'2012: 10 contests in the frame of Autumn Russian Metal Week
The organizing committee of the largest industrial forum Metal-Expo’2012 (Moscow, The All-Russia Exhibition Center, halls #69 and #75) has recently approved the contest program for November 13-16, 2012. The exhibition will hold a number of contests and invites the players in the ...
2012-10-12 14:31:36 Russian Steel’s position on increase of import customs duties on metal equipment
Since Russia became a WTO member a significant number of machine-building companies have shown initiatives for need to adapt and support the industry.
Russian Steel Members are sympathetic to these initiatives but have to state that a lot of machine-builders’ propositions, ...
2012-10-12 14:24:57 OMK Casting and Rolling Complex has confirmed the compliance with international standard ISO 9001
The Casting and Rolling Complex (CRC, branch of OMK Steel, city of Vyksa, Nizhny Novgorod region, part of the United Metallurgical Company, UMC) has confirmed the compliance of its quality management system certificate with the requirements of international standard ISO ...
2012-10-09 15:55:34 KOKS Group updates development of Lutuginsky Seam at its Vladimirskaya Mine
KOKS Group, the world’s largest exporter of merchant pig iron and a leading producer of merchant coke in Russia, announces that its subsidiary Koks-Mining continues development of Lutuginsky seam of its Vladimirskaya mine. The first portion of coal of this seam is expected to be ...
2012-10-09 15:47:57 Severstal Resources holds competition for mining students
Severstal Resources, the mining division within Severstal, one of the world’s leading steel and steel-related companies, has held a competition open to students at mining colleges in Russia in order to recruit young professionals.
Anna Butova, manager, HR Department, commented: ...
2012-10-08 10:04:00 OMZ-Izhora’s Research Center simulates casting of a 500-ton supersized ingot
OMZ Izhora’s Research Center held its Science and Engineering Board meeting dedicated to the results of the research work named “Calculations of crystallization of 500-ton ingots, casted from two types of steel: 26HNZM2FA and 45HZMF using computer modeling”, which became ...
2012-10-05 10:07:00 TMK IPSCO hosts open house at Houston R&D Center
TMK IPSCO, the North American division of global pipe manufacturer TMK, hosted an open house on October 1 at its new Research & Development Center located at 10120 Houston Oaks Drive in Houston, Texas. During the event, visitors toured several areas of the facility, including the ...
2012-10-05 07:21:40 VSMPO-Avisma signed Memorandum of Cooperation
VSMPO-AVISMA Corporation was visited by the Indian delegation of the representatives of the Indo Russian Science and Technology Centre (IRSTC), the Indian Government’s Department of Science & Technology, a public sector enterprise Mishra Dhatu Nigam Limited (MIDHANI) specializing ...
2012-10-04 10:01:00 EVRAZ announces purchase of two sims metal management assets
EVRAZ plc announces the purchase of two recycling assets from Sims Metal Management. Located in Denver and Colorado Springs, Colo., the scrap yards will become part of EVRAZ Recycling, a division of EVRAZ North America. The purchase price is not disclosed.
“This acquisition will ...
2012-10-04 10:01:00 RUSAL announces Board changes
RUSAL, the world’s largest aluminium producer, announces changes in the composition of its Board of Directors. Mr Barry Cheung resigns as Chairman of the Company with effect from 1 October 2012, but will remain as an independent non-executive director of the Company.
The Board is ...
2012-10-03 17:26:54 The program of "Russian metal and steel market - 2012" Conference
Russian metals market is an example of a stable and positive development compared to stagnating other foreign markets. Almost all segments have restored pre-crisis levels of production and consumption/ А major investment policy is being conducted, new production facilities are being launched ...
2012-10-03 10:07:00 Severstal and NOVATEK concluded gas supply contracts
Severstal, announced today the conclusion of new mid-term natural gas supply contracts with NOVATEK for several Severstal Russian Steel division enterprises. The natural gas supply contracts have been signed for a period of five years effective 1 January 2013, with the total volume of ...