2009-02-27 11:51:13 Mechel plans to buy Bluescope Coal Corp Mechel is planning to buy West Virginia-based Bluestone Coal Corp for a combination of cash and shares, Vedomosti has reported. The deal is worth $425 mln in cash and 80 mln preferred shares, Russian business newspaper Vedomosti has reported. Igor Zyuzin’s Mechel renegotiated ...
2009-02-27 10:46:31 Norilsk Nickel completed creation of its own arctic fleet MMC Norilsk Nickel has completed building up its own arctic fleet. A diesel electric vessel named Nadezhda delivered MMC Norilsk Nickel cargo to Dudinka. This is the fifth vessel built for the Company as part of its strategy adopted back in 2004 and targeting transport independence of MMC ...
2009-02-26 03:18:22 MMK takes Sberbank loan to finance new plate mill Magnitogorsk Iron and Steel Works has signed for a Rub 12 bln (appr. $330 mln) loan to finance the construction of its new plate mill 5000. The loan is the second the company has taken for the project from state-backed Sberbank. The first was a two-year Rub 3 bln ($100 mln) credit facility ...
2009-02-25 12:38:49 Novosibirsk Metallurgical Works named after Kuzmin Gradually Ramps Up Production Novosibirsk Metallurgical Works named after Kuzmin resumes production in previous volumes of output. The Works put into operation all main technological lines – hot rolling mill 810, pipe mills 20-102, 20-114 (№1 and №2), 10-50, cutting lines 450, 460, 740, 850, 420. In February 2009, ...
2009-02-25 11:22:51 Severstal Repays $325 mln Eurobonds issue Severstal has repaid its $ 325 mln Eurobonds issue from the Company’s internal funds. The bonds were issued on February 19, 2004 and amounted to $325 mln repayable in 5 years.
2009-02-25 10:58:04 OMZ Oil and Gas Projects Signs Agreement to Supply 15 High Pressure Vessels to Tatneft Subsidiary TANEKO OMZ Oil and Gas Projects (Izhorskiye Zavody), a part of OMZ Group, has signed an agreement to supply 15 high pressure vessels to TANEKO OJSC, a subsidiary of Tatneft OJSC. The vessels will be a part of a sulphur recovery unit in an oil processing and petrochemicals complex being built in ...
2009-02-24 14:49:52 Putin has formed a governmental committee for steel complex According to government press service, the Prime Minister of the Russian Federation Vladimir Putin signed a decree about establishment of the governmental commission for metallurgical complex development. For record, on January 27, 2009 the Government adopted a decree about ...
2009-02-24 11:11:51 Mechel signs a long-term agreement for coal supply to South Korea Mechel announces that it has signed a long-term agreement with Hyundai Steel, Korea, to supply coking coal. The agreement was signed within a visit to South Korea of the Russian delegation headed by the Russian Federation Vice-Premier Igor Sechin, in which Mechel OAO Chief Executive Officer ...
2009-02-20 11:45:43 TMK Receives ISO 9001 Certification TMK received ISO 9001:2000 certification from the management system assessment company Lloyd's Register Quality Assurance (LRQA). TMK is the first pipe company in the CIS to be awarded the ISO 9001 certification for its quality management system together with its subsidiaries. LRQA ...
2009-02-19 14:19:06 NLMK restarts blast furnace No 2 NLMK has restarted blast furnace #2 which has a total capacity of 700,000 tn per year. The 1000 m3 furnace underwent a 100-day overhaul. Earlier in February NLMK re-commissioned blast furnace #3 with total capacity of 1.3 mln tn of pig iron per year. After the re-launch of BF#2, annual pig ...
2009-02-19 10:06:41 Norilsk Nickel International will suspend its Black Swan and Lake Jonston nickel operations Norilsk Nickel International, a subsidiary of OJSC MMC Norilsk Nickel will suspend its Black Swan and Lake Johnston nickel operations (Western Australia), placing them under care and maintenance effective immediately. This decision was taken on the grounds of a structural review and the ...
2009-02-13 15:04:21 TMK FMT Premium Connections Certified TMK announced today that its TMK FMT premium threaded connection successfully underwent certification testing at Oil States Industries' structural test laboratory in Aberdeen, UK. Oil States Industries' structural test laboratory offers an extensive range of testing services to third ...
2009-02-13 13:32:35 Mechel Obtains Quality Certificate and European Registration for Its Products In November 2008, Mechel’s plants passed the preliminary registration for substances supplied to the European Union countries in compliance with the Regulations ES #1907/206 of the European Union and Council (REACH is the European Union’s regulations regarding registration, ...
2009-02-13 11:28:56 NLMK restarts blast furnace NLMK announces today that it has put at normal operational capacity Blast Furnace (BF) #3 at its main production site in Lipetsk. The furnace has a maximum production capacity of 1.3 mln tn of pig iron per year. BF#3 was idled for a general overhaul in October 2008. As part of the ...
2009-02-12 11:31:08 Severstal Releases FY 2008 Operational Results Severstal today released its FY 2008 operational results as follows. You can find more detailed information using the link.
2009-02-10 14:45:30 Regulator frowns on mergers in metallurgy The Russian Federal Anti-Monopoly Service is not keen on the consolidation of metallurgical companies partly owned by the government, head of the service's industry supervision department Alexei Ulyanov said during today's CIS Metals Summit. Commenting on the potential merger between ...
2009-02-10 11:32:43 MMC Norilsk Nickel announces results of share buy-back MMC Norilsk Nickel announces the results of its share buy-back program executed pursuant to the Board of Directors’ decision made on August 22, 2008. The maximum amount of shares eligible for the buy-back amounted to 7 947 000 (about 4% of all outstanding shares). The buy-back was ...
2009-02-10 11:18:03 Mechel opens Gazprombank credit line Mechel announced that its subsidiaries have been provided with lines of credit totaling $1 bln from Gazprombank. Gazprombank has opened credit lines totaling $1 bln for Mechel's subsidiaries. Credit facilities provided will be used mainly for short-term debt repayment. The credit facilities ...
2009-02-09 14:27:10 MetallStroyForum Program of Events has been Adopted A session of the Organizing Committee of MetallStroyForum’2009, International Exhibition for Steel Products and Structures for Construction and Metal-Expo’2009 International Industrial Exhibition was held on February 5 at the Historical Museum on the Red Square, Moscow. The ...
2009-02-09 12:53:10 RUSAL unveils bond plans United Company RUSAL has announced plans for six ruble-denominated bond issues with 5 to 10-year terms, worth a total of RUB 60 bln (approx. $1.7bln). Experts, however, say that the cash-strapped market would be unable to digest that amount, and the government’s help will be ...
2009-02-06 10:25:00 NLMK decommissions two coke batteries NLMK announces today that it has decommissioned coke batteries No. 3 and No. 4 with a combined capacity of 0.68 mln tn per year at its main production site in Lipetsk. This decision was driven by the recent significant deterioration of demand for coke following the drop in steel production ...
2009-02-05 23:01:35 Oleg Deripaska meets journalists in Davos As the World Economic Forum in Davos came to its conclusion Oleg Deripaska met with journalists to share his views on the current state of the aluminium industry, the Russian economy and his business interests. Selected quotes Current situation in the global aluminium industry ...
2009-02-05 21:05:46 Comprehensive programme to increase efficiency during the global economic downturn RUSAL announces that it has implemented a comprehensive programme designed to reduce costs, optimise the production process and strengthen the company’s position as the world’s most effective aluminium producer cost-wise. The programme will further enhance RUSAL’s ...
2009-02-05 14:00:48 Coated Steels: Forecasts of Market Capacity and Trends Experts do not have a common opinion about the possibility of adopting import duties on coated steels. During an online conference Galvanization and Paintwork: Matters of Development of Processing and Consumption which has been held yesterday by our magazine, Mr. S. Maslennikov, Chairman of ...
2009-02-05 10:40:29 Mechel continues active operations in constructing the road to the Elga coal deposit Mechel announces that its Yakutugol coal mining subsidiary continues active operations in constructing the road to the Elga coal deposit. The total length of the railroad will be more than 315 kilometers. At present, traffic is possible from the Ulak station towards the Elga ...
2009-02-04 06:48:06 TMK Preliminary Results for 2008 TMK provides the following trading update in advance of the publication of its preliminary results for the year ended 31st December 2008, which will be announced in April 2009. This past year, one of the most volatile and challenging for the tubular industry, will be remembered as ...
2009-02-03 12:20:53 Evraz Announces Operational Results Evraz Group S.A. released its 4Q 2008 and full year 2008 operational results. Please download the full version of the press release here .
2009-02-03 10:18:23 TMK announces repayment of a syndicated bridge facility TMK announced that it repaid the remainder of the $ 1.2 bln one-year term syndicated bridge facility which was arranged on May 30, 2008 to finance the acquisition of the US tubular business of IPSCO. As previously announced, TMK partly refinanced the syndicated bridge after successfully ...
2009-02-02 14:31:06 Ufaleynickel: Production Restart Today, on the 2d of February, Ufaleynickel has restarted the production process after 3 months of the idle time. 3 shaft furnaces have been started up. According to specialists opinion- this quantity is effective for the operation of the enterprise in conditions of low LME official price ...
2009-02-02 13:31:46 Estar pins hopes on rise in Q2 Russian demand Estar is planning to boost production levels back up to 60-70% of capacity in the second quarter of the year in anticipation of rising domestic demand, company sources told MB. Estar, part-owned by oligarch Vadim Varshavsky, cut production levels to around half across its nine Russian ...
2009-01-30 17:05:23 MMC Norilsk Nickel announces preliminary consolidated production results Q4 2008 and FY 2008 MMC Norilsk Nickel announces preliminary consolidated production results for the fourth quarter of 2008 and full year 2008 at its Polar and Kola Divisions in Russia and international operations in Finland, Australia, Botswana and South Africa. • Overall saleable nickel ...
2009-01-30 15:15:42 Usmanov expands on his Russian mining merger vision Metalloinvest main shareholder Alisher Usmanov has taken the initiative from rival oligarchs Oleg Deripaska and Vladimir Potanin by proposing several alternatives to the powerful duo’s original mega merger plan. Norilsk Nickel’s main shareholders, Deripaska and Potanin, have ...
2009-01-29 10:18:35 VSW, Gubakha Coke and CMW Report Its Operating Results In 2008, VSW produced 1,395,058 tn of pipes of various grades, which is 18.3% lower than in 2007 (1,707,726 tn). VSW manufactured 734,961 tn of large-diameter pipes (LDP), which is 22% less than in 2007 (943,989 tn). The VSW Wheel Rolling Facility produced 782,874 railroad wheels, or 5% ...
2009-01-28 05:48:09 RUSAL converts Krasnoyarsk Aluminium Smelter to colloidal anode paste UC RUSAL announces that it has completed the conversion of one potroom at its Krasnoyarsk Aluminium Smelter (KrAZ) to the colloidal anode paste technology. The economic effect from this innovation at one potroom alone can be up to USD 1 mln annually. The aluminium production technology ...
2009-01-27 15:19:35 OMZ Foundry Production Receives ISO 9001:2000 Accreditation OMZ Foundry Production has received an Approval Certificate from the leading international classification organization Det Norske Veritas (DNV) for compliance of its quality management system with ISO 9001:2000. Det Norske Veritas is a world-renowned classification organization, a member ...
2009-01-26 10:56:38 Russian steelmakers lobby for 33% galv strip import duty A trio of Russian steelmakers are lobbying the Russian government for an import duty on galvanised strip, sources close to the companies told MB. Severstal, Magnitogorsk Iron & Steel Works and Novolipetsk Steel have asked the Russian Ministry of Industry and Trade for a ...
2009-01-23 13:46:32 Chelyabinsk Zinc Plant Reports 0.6% Production Increase for the 12 Months of 2008 Chelyabinsk Zinc Plant announces its production results for 2008 . CZP produced 166,064 tn of SHG zinc and zinc based alloys, an increase of 0.6% as compared to the same period of 2007 (165,007 tn). 51.5% of zinc sales (by tonnage) were made on the domestic market. ...
2009-01-23 11:36:35 Mechel Announces Operational Results For 2008 Mechel announced operational results for 2008. Products 2008, thousand tn 2008 as compared to 2007, % Coal 1 26,393 + 24 Coking Coal 15,148 + 45 Steam Coal ...
2009-01-22 17:40:46 TMK to Supply Premium Connections to Lukoil TMK was awarded a contract by Lukoil for the supply of TMK FMC and TMK GF premium threaded connections. TMK Premium Service, the only Russian company to produce premium threaded connections, will supply Lukoil with OD 168 mm, 245 mm and 324 mm TMK FMC and GF premium threaded casing of ...
2009-01-22 11:04:09 Pyotr Sumin visited Chelyabinsk Metallurgical Plant The visit by Governor Sumin to the CMP was his first trip in a program to assess anti-recessionary measures taken by the cities and industrial enterprises in the region. During the visit the anti-recessionary program being implemented at CMP was discussed. CMP’s construction sites and ...
2009-01-21 10:35:55 Sayanogorsk Aluminium Smelter launches a new gas scrubber UC RUSAL has announced the commissioning of a new gas treatment unit at its Sayanogorsk aluminium smelter (SAZ). The project investment amounted to $3.6 mln. The new gas scrubber features excellent environment-saving performance indicators and has been designed for a pilot potroom ...
2009-01-20 14:31:53 Evraz renounces licence to develop Mezhegey coal deposit Evraz Group S.A. has renounced the right to purchase the licence to develop the Mezhegey coal deposit in the Republic of Tyva, Russia. The decision is based on the continuing global financial and economic downturn and weakening coal market conditions. In July 2008, Evraz won the tender to ...
2009-01-20 12:07:16 Russian government plans tariff changes The Russian Government plans to raise import tariffs on steel tube, pipe, and some rolled products to protect domestic producers from cheap imports, according to local sources. The tariffs will be in place for nine months after they are officially introduced in the near future, sources ...
2009-01-20 03:31:30 TMK Announces Production Results for 2008 For the year 2008, TMK shipped 3,227 thousand tn of steel pipes, representing a 5.0% increase over 2007 full year shipment volumes (‘’Shipped” refers to shipped from TMK plants for subsequent sale to customers). Volumes of shipped pipe products (thousands of tn) ...
2009-01-19 14:59:40 Non-Ferrous Industry to Expect Growth in Demand and Prices Last year was hard for the non-ferrous industry: it began with growth in prices for non-ferrous metals which followed by a shear fall in prices and demand. Such a situation could not help affecting Russian companies: some such as Rusal, reduced output, others (e.g. Ufaleynickel) stopped ...
2009-01-19 12:38:09 Novolipetsk Steel sold its stake in Tuapse Seaport NLMK has completed the disposal of its 69.41% share in OJSC Tuapse Seaport (TMTP) to Universal Cargo Logistics Holding B.V. (UCLH). The transaction values NLMK’s stake at RUR 7,105,155,057 (about $254 mln), or RUR 1.17 per TMTP ordinary share. Cash generated from the disposal of ...
2009-01-19 11:44:13 UC RUSAL announces management changes UC RUSAL announced the appointment of Oleg Deripaska as the company's CEO. His candidacy was proposed by EN+ and supported by other shareholders of RUSAL. Alexander Bulygin, who has until recently been the CEO of RUSAL, will move to chair the Board of Directors of EN+ Group, the main ...