2021-10-14 15:13:11 Metalloinvest to build second ball rolling facility at OEMK
Metalloinvest has signed an agreement with EZTM for the supply of equipment for the construction of a second ball rolling facility at Alexey Ugarov OEMK.
The annual production capacity of the new ball rolling facility (BRF #2) is projected to be around 73,000 tonnes of rolled steel ...
2021-10-14 15:10:42 ММК improve sales efficiency
Leading specialist of the Strategic Development Group at Magnitogorsk Iron and Steel Works (MMK) Igor Sapozhnikov spoke about the Group’s export sales at the 17th CIS Steel & Raw Materials Exports Conference. Historically, the Russian market has been MMK’s priority, but ...
2021-09-01 12:38:29 Интернет-тренды на рынке металлов
Стартовал конкурс на лучший интернет-проект 2021 года среди металлургических и металлоторговых компаний. Журнал «Металлоснабжение и сбыт» проводит очередной (17-й) ежегодный конкурс на "Лучший интернет-проект 2021 года среди металлургических и металлоторговых компаний ...
2021-09-01 12:38:29 Интернет-тренды на рынке металлов
Стартовал конкурс на лучший интернет-проект 2021 года среди металлургических и металлоторговых компаний. Журнал «Металлоснабжение и сбыт» проводит очередной (17-й) ежегодный конкурс на "Лучший интернет-проект 2021 года среди металлургических и металлоторговых компаний ...
2021-04-29 15:39:14 NLMK shareholders confirmed Grigory Fedorishin as president and elected new Board of Directors
At the Annual General Shareholders’ Meeting (AGM) held on 29 April 2021, NLMK shareholders voted to confirm Grigory Fedorishin as the Group’s President and Chief Executive Officer; and to elect a new Board of Directors, with a majority of independent directors (six seats out of ...
2021-04-29 15:31:50 MMK’s renovated hot rolling mill 2500 sees record production figures
In Q1 2021, Magnitogorsk Iron and Steel Works’ (MMK) hot rolling mill 2500, which is located at sheet rolling shop No. 4, produced 1,077.7 ths tonnes of hot rolled products. This is the highest quarterly production figure for this unit in its entire post-Soviet history.
The last ...
2021-04-29 15:30:39 Nornickel reports sustainable development performance in 2020
Norilsk Nickel, the world’s largest refined nickel and palladium producer, has released the results of its sustainability efforts in 2020.
Nornickel has retained leadership in the global metals and mining industry in terms of industrial health and safety. The injury rate has ...
2021-04-29 15:26:53 2020 Transformation Programme brings in 3.8 bil. RUB to UMMC
UMMC has summarized the transformation programme’s results for the year 2020. UMMC has reaped 3.8 bil. RUB of economic benefits (with 3.2 bil. RUB planned) due to the collected efforts of all Holding’s enterprises. The programme encompassed eight plants: JSC “Chelyabinsk ...
2021-03-02 11:58:25 EVRAZ signs long-term agreement with TMK to supply pipe billets
EVRAZ has agreed to supply TMK with billets for seamless pipes in 2021–2022. Over these two years, EVRAZ NTMK will produce and deliver to TMK over 160 thousand tonnes of rolled pipe billets using formula pricing.
The billets will mainly be supplied to TMK’s Sinarsky Pipe ...
2021-03-02 11:57:17 RUSAL attracts RUB 45 bln loans for TaAZ construction
RUSAL announces that it has signed and started the drawdown of a syndicated loan agreement for 45 billion rubles with VTB and Gazprombank. The funds raised will be used to finance capital expenditure for the completion of the first start-up complex of the Taishet aluminium smelter (TaAZ). ...
2021-03-02 11:25:33 TMK supplies pipes to transport gas from the UAE’s new field
ТMK has supplied seamless steel pipes to the Sharjah National Oil Corporation (SNOC) to transport Mahani Gas production to SNOC Sajaa Gas Plant in Sharjah, UAE. The shipment totaled over 5 thousand tonnes.
The 16” (406.4 mm) pipe produced at TMK’s Volzhsky Pipe Plant is ...
2021-02-12 12:23:26 RUSAL strengthens premium automotive offering with acquisition of aluminium producer in Germany
RUSAL announces that it has agreed to acquire the business and assets of the Aluminium Rheinfelden GmbH out of insolvency.
Aluminium Rheinfelden is one of Germany’s leading manufacturers of aluminium alloys, semis and carbon-based components and a major supplier to the global ...
2021-02-12 12:05:35 Credit Bank of Moscow and UMMC signed an ESG financing credit facility
Credit Bank of Moscow (MKB) has entered into a credit facility with JSC «UMMC» covering potential needs for financing the ESG-related activity of Mining and Metallurgical Company.
The credit facility is to support the UMMC’s environmental initiatives in the regions of ...
2021-02-12 11:57:45 NLMK Ural begins commissioning works at new wire galvanizing line
NLMK Metalware, an NLMK Group company, has completed the installation of main process equipment at its new wire galvanizing line in Berezovsky, Sverdlovsk region. Commissioning works are currently underway. The project will enable NLMK Metalware to increase its galvanized wire output by 40% ...
2021-02-12 11:56:28 OEMK ships record volume of cast square billets
OEMK (part of Metalloinvest) has shipped a record number of cast square billets in 2020. The enterprise shipped 1.04 mn tonnes to customers in Turkey, the UAE, Saudi Arabia, Tunisia, China, Italy, Denmark, Colombia and other countries. This exceeded the previous record set in 2016 by almost ...
2021-02-12 11:54:48 MMK improves budgeting system with help from IBM solutions
Magnitogorsk Iron and Steel Works (MMK) has upgraded its analytics and budgeting capabilities. With help from GMCS, an IBM business partner, the Company has successfully implemented a new budgeting system based on IBM Planning Analytics that receives input from 400 staff.
The project's ...
2021-01-14 16:01:27 RUSAL Completes a Full Cycle of 3D Printing at ILM&T
RUSAL has successfully completed a closed additive manufacturing cycle at the Institute of Light Materials and Technologies (ILM&T). RUSAL's significant investment in resources and facility development at the Additive Technology Centre has so far amounted to €3.5 million.
The ...
2021-01-14 15:59:22 UMMC Group and JSС SOGAZ launched the complex insurance program for the “Korbalikha” project.
On 25th December 2020 UMMC Group, VEB.RF and SberCIB have signed a syndicate facility agreement for the development of the project of the “Korbalikha” Zn-Cu-Pb Mine construction and the Renovation of Rubtsovsk enrichment plant to ramp up the production capacity up to 1.5 mln tons ...
2021-01-14 15:57:36 NLMK to boost order accuracy using digital production planning
NLMK Group has started commercial operation of a digital solutions package for production planning at its Lipetsk site. It will improve the accuracy of customer order fulfillment, ensure tracking transparency, and increase production productivity.
The all-in-one digital platform ...
2021-01-14 15:55:46 Severstal completes construction of environmental facilities for a new blast furnace
Severstal, one of the world's leading vertically integrated steel and mining companies, has completed the construction of environmental facilities for blast furnace No. 3.
The modernization of blast furnace No. 3 will mitigate the environmental impact of pig iron production throughout ...
2021-01-14 15:53:27 MMK wins Treasurer of the Year 2020 national award
MMK was named the winner in the category of Project of the Year in Improving Treasury Functions at the award ceremony for the Treasurer of the Year 2020 award, which took place in Moscow.
The Treasurer of the Year award is one of the most prestigious awards in the financial community, ...
2020-11-02 10:39:17 Severstal supplies large-diameter pipes to the USA for the first time
Severstal, one of the world's largest vertically integrated steel and mining companies, has completed its first ever delivery of large-diameter pipes (LDP) to the USA, an order of 2,350 tonnes.
Severstal’s high-quality LDP products are produced at the IzhoraPipe Mill, which is ...
2020-10-14 12:44:01 Nornickel expects USD 400 mln in economic gain from digital transformation by 2030
By 2030, Nornickel’s digital transformation programme is expected to generate an economic effect of USD 400 mln, said Vladimir Trapezin, Nornickel’s Director for Automation and Production Information Transformation, speaking at MINEX Russia 2020 forum.
n 2015, the company ...
2020-10-14 12:42:19 RUSAL will reduce KrAZ’ benzapyrene emissions by 60% thanks to the smelter using eco-friendly pitch
As part of its environmental modernization program, by 2024 RUSAL (SEHK: 486; Moscow Exchange: RUAL), a leading global aluminium producer, plans to completely switch the reduction area of the Krasnoyarsk aluminum smelter (KrAZ) to a new type of raw material, an eco-friendly pitch. ...
2020-10-14 12:38:00 Severstal reports Q3 & 9M 2020 operational results
Severstal announces its operational results for Q3 & 9M 2020.
Q3 2020 GROUP HIGHLIGHTS
Hot metal output increased 3% q/q in Q3 2020 to 2.40 mln tonnes (Q2 2020: 2.33 mln tonnes) following the completion of maintenance works at blast furnace facilities in the previous ...
2020-10-14 12:35:07 MMK develops innovative new products
One of the important areas of scientific and technical activity at Magnitogorsk Iron and Steel Works (MMK) is the development of innovative products. In H1 2020, the plant shipped 8246 tonnes of new products worth RUB 365 million.
Modern metallurgy is innovative in many ways, so it is ...
2020-10-14 12:33:35 Q3 and 9M 2020 NLMK Group Trading Update
Q3 2020 highlights:
Steel output grew by 3% yoy to 3.9 m t (flat qoq).
Sales increased by 11% yoy to 4.4 m t, due mainly to higher pig iron sales to the US, Chinese, and Turkish markets. Quarter-on-quarter, sales were up by 2%, while the share of finished products in the ...
2020-09-22 13:06:02 UMMC Group and Sberbank expand cooperation
PJSC Sberbank (the Bank) and JSC Siberia-Polymetall (the Company, one of the mining plants of UMMC Group) have signed an agreement on establishing a strategic cooperation. The goal of this cooperation is defined to implement various products and services of Sberbank ecosystem into the mining ...
2020-09-22 13:04:17 MMK strengthens position in top 20 of Forbes rating
Magnitogorsk Iron and Steel Works (MMK) took 15th place in Russian Forbes’ rating of the 200 largest private companies in Russia.
Forbes has published a new instalment of its rating of the 200 largest private companies in Russia based on 2019 financial results. The rating ...
2020-09-22 12:58:05 Nordgold partners with Deswik to replatform mining IT systems
Nord Gold SE ("Nordgold" or the "Company"), the internationally diversified gold producer, announces that it has started replatforming its mine planning IT systems to Deswik, the Australian-based mining-focused global technology company. The move follows a successful ...
2020-08-03 13:52:57 Uzhuralzoloto Group of Companies increased its stake in Petropavlovsk by converting bonds
Petropavlovsk PLC ("Petropavlovsk" or the "Company"), has received Conversion Notices (the "Notices") from Euroclear Nominees Limited and Vidacos Nominees Limited, on behalf of the Uzhuralzoloto Group of Companies, Renaissance Securities (Cyprus) Limited and ...
2020-07-27 15:33:57 Nornickel announces changes to the Company’s organisational structure
Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, announces today changes to the Company’s organisational structure and new appointments to the management board. These changes are aimed at strengthening the ...
2020-07-27 14:58:07 Mikhailovsky GOK produces 3 million tonnes of concentrate using fine screening technology
Mikhailovsky GOK (part of Metalloinvest) has produced 3 million tonnes of fine screening technology concentrate. The advanced iron ore beneficiation technology using Derrick equipment was launched at the plant in September 2019.
Alexander Levshin, Chief Engineer at the beneficiation ...
2020-07-27 14:54:16 Severstal reports Q2 & H1 2020 operational results
Severstal announces its operational results for Q2 & H1 2020.
Q2 2020 GROUP HIGHLIGHTS
Hot metal output decreased 3% q/q to 2.33 mln tonnes in Q2 2020 (Q1 2020: 2.41 mln tonnes) due to maintenance works at BF#1, #4 and #5.
Crude steel production decreased 2% q/q to 2.81 ...
2020-07-27 14:52:04 MMK and Wepuko PAHNKE sign contract for the supply of hydraulic pump units
Magnitogorsk Iron and Steel Works (MMK) has signed a contract with the German company Wepuko PAHNKE GmbH for the supply of two ‘sticky scale’ descaling hydraulic pump units.
In 2019, the companies agreed to conduct tests using a mobile Wepuko PAHNKE descaling hydraulic pump ...
2020-06-26 13:41:54 Primetals Technologies Receives FAC for LD (BOF) Converter Modernized at Mechel in Chelyabinsk
In May, the Mechel Group issues the final acceptance certificate (FAC) for a LD (BOF) converter modernized by Primetals Technologies in the steel works of the Chelyabinsk Metallurgical Plant (ChMK) in Russia. The project aims were to replace worn-out equipment, to further increase capacity ...
2020-06-26 13:36:47 NLMK Russia Long companies awarded Environmental Product Declaration certificates
NLMK Ural and NLMK Kaluga, part of NLMK Russia Long Products Division, have been awarded Environmental Product Declaration (EPD) certificates for rebar. EPD certification will boost the competitiveness of NLMK products in Russian and international markets.
An Environmental Product ...
2020-06-26 13:34:56 Galvanising unit at MMK's sheet-rolling shop No.11 achieves record monthly production volume
The continuous hot-dip galvanising unit, located in sheet-rolling shop No. 11 of Magnitogorsk Iron and Steel Works (MMK), produced 38,014 tonnes of galvanised rolled metal in May 2020, a record level of production for this unit since its launch.
The previous record for monthly ...
2020-06-26 13:33:11 Severstal uses Artificial Intelligence to further boost productivity at Cherepovets Steel Mill
A team of specialists from Severstal Digital, part of PAO Severstal, one of the world’s largest steel and steel-related mining businesses, working with experts in flat rolled products from the Cherepovets Steel Mill have successfully increased the productivity of a machine learning ...
2020-06-26 13:30:51 Deputy CEO - Sales Director appointed at Metalloinvest
Metalloinvest, a leading global iron ore and HBI producer and supplier, and one of the regional producers of high-quality steel, announces the appointment of Oleg Krestinin as Deputy CEO – Sales Director of Management Company Metalloinvest.
Oleg Krestinin's area of responsibility ...
2020-06-02 10:20:42 MMK renovates blast furnace No. 2
At Magnitogorsk Iron and Steel Works (MMK), the reconstruction of the blast furnace No. 2 is entering its final phase. The updated unit is due to be commissioned in July.
MMK started reconstruction of the blast furnace No. 2 in February 2020, in line with its major repairs programme. ...
2020-06-02 10:19:01 NLMK Group among Top 10 steel companies globally in value creation
NLMK Group was ranked sixth among steel companies globally by total shareholder return (TSR) in the 2020 Value Creators report, a ranking compiled by The Boston Consulting Group (BCG) that covered a five-year period from 2015 through to 2019.
BCG analyzed TSR, which is based on share ...