2023-11-02 14:32:09 Metal-Expo will be Russian-Chinese in 2023
This year the International Industrial Exhibition Metal-Expo, which will be held in Moscow from November 7 to 10, will have a record Chinese representation in its history. More than 350 of its 800 participants will represent China.
This number of Chinese exhibitors testifies, first of ...
2023-10-02 12:05:16 Preliminary Metal-Expo'2023 Exhibitor List is Uploaded on the Website
A preliminary exhibitor list (subject to change) of Metal-Expo'2023, the 29th International Industrial Exhibition (November 7-10, Expocentre, Moscow, Russia) is uploaded on the event's website.
About 550 domestic and foreign market participants are expected to attend the event. The ...
2023-10-02 11:57:19 В Чите обновят 4 тыс. уличных светильников
В столице Забайкалья продолжается работа по модернизации системы уличного освещения. Заказано и отгружено 4040 светильников для замены неэффективных осветительных приборов. Об этом на оперативном совещании 2 октября сообщил вице-премьер краевого правительства Алексей Сергейкин. ...
2023-09-28 13:26:42 In 2023, the Demand for Aluminium Sandwich Panels is Expected to Increase by 300%
The Aluminium Association Predicts a 300% Increase in Consumption of Aluminium Clad Sandwich Panels in 2023, Reaching 200,000 m2 and Accounting for 4% of the Corrosion Resistant Sandwich Panel Market.
"Using Aluminium in Sandwich Panels Doubles the Lifespan of Enclosing Structures ...
2023-09-28 13:16:36 Ural Steel implements plan to increase operational efficiency
Ural Steel, one of Russia's largest steel production plants, is implementing a series of innovative plans to improve operational efficiency.
First, the plant reduced the consumption of expensive coke and increased the supply of natural gas. Second, the factory began using their own ...
2023-09-28 13:14:46 Russia to introduce new export tariffs linked to ruble exchange rate on commodities
The Russian government will impose additional tariffs linked to the ruble-dollar exchange rate on exports of metals, iron ore, pig iron, fertilizers, and other commodities during the period from October 1, 2023 to the end of 2024.
The decision is to help protect the domestic market ...
2023-09-01 14:52:30 Nornickel speeds up the development of m&m IT solutions on Yandex Cloud
Nornickel has moved the development of products for mining and geological modelling and planning to Yandex Cloud’s infrastructure, development and data platform services. The cloud infrastructure was deployed within the shortest time possible. Previously, the Company had used in-house ...
2023-07-13 10:58:35 Nornickel presents metals market review
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Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper presents the eleventh review of the nickel and platinum group metals (PGM) markets based on the fundamental analysis of world economic and industry data. ...
2023-07-13 10:55:05 RUSAL adopts a Social Impact Strategy
The Board of RUSAL, a leading global aluminium producer, has adopted the corporate Social Impact Strategy until 2035. The strategy focuses on the well-being of employees and their families, as well as bringing the quality of living up and ensuring the development of the areas where the ...
2023-07-13 10:52:54 MMK Industrial Park Confirms Leading Position in Rating of Country’s Best Investment Sites
According to the annual assessment by the Expert-Ural rating agency, MMK Industrial Park took second place in the category “Sites Located within a Radius of up to 250 km from an Economic Growth Centre”.
Over the seven years that it has been in operation, the Industrial Park ...
2023-07-13 10:51:19 EVRAZ NTMK Will Reduce Specific CCP Emissions by 56%
EVRAZ NTMK within the framework of the federal environmental project "Clean Air", has started the transfer of coke-chemical production (CCP) in the Sverdlovsk region to a closed cycle of final cooling of coke gas using closed-type heat exchangers. Thus, specific emissions will be ...
2023-03-07 13:15:04 Nornickel reports full year 2022 audited consolidated IFRS financial results
PJSC MMC Norilsk Nickel the world’s largest palladium and high-grade nickel and a major producer of platinum and copper, reports audited consolidated IFRS financial results for the year ended December 31, 2022.
2022 HIGHLIGHTS
Consolidated revenue decreased 5% y-o-y ...
2023-03-07 13:13:17 RUSAL develops production of advanced technology materials on existing production facilities
RUSAL developed and launched the production of raw materials for catalysts at the Achinsk Alumina Refinery (RUSAL Achinsk) in addition to the production of VOGA fire retardants.
Production capacity of the site is 5,000 tonnes of product per year. Investments in the project exceed RUB ...
2023-03-07 13:08:57 2,5 million tons of pipes were released by the Zagorsky Pipe Plant
Zagorsk Pipe Plant celebrated its seventh anniversary.
The young enterprise is already a leader in its industry and opens up new areas of activity. For 7 years, about 2.5 million tons of large diameter pipes were produced here.
The company's desire for constant development ...
2023-03-07 13:07:10 Severstal’s announcement in relation to coupon payment for Eurobond 2024
Severstal (MOEX: CHMF) announces that the regular coupon payment in the amount of US$12,600,000 under its U.S.$800,000,000 in aggregate principal amount of 3.15 per cent. Series 6 Loan Participation Notes due 2024 (ISINs: XS2046736919; US85805RAE80) (the "Notes") is due on 16 March ...
2023-01-25 12:10:08 Nornickel announces Consolidated Production Results for FY2022
Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, announces preliminary consolidated production results for the fourth quarter and the full year 2022 and production outlook for the full year 2023.
Senior ...
2023-01-25 12:08:15 Mikhailovsky GOK received a railway crane with a lifting capacity of up to 80 tons
Mikhailovsky GOK named after A.V. Varichev (Metalloinvest company) received a modern railway crane of domestic production with a lifting capacity of up to 80 tons. This was reported by Metalloinvest.
The new crane is designed for freight, construction and installation and emergency ...
2023-01-25 12:06:30 MMK to Invest in Environmental Protection
Steel producer Magnitogorsk Iron and Steel Works (MMK) has announced that it will invest RUB 26.8 billion ($455.2 million) in environmental protection this year.
The main investments will be linked to the construction of new environmental protection facilities at MMK's by-product coke ...
2023-01-25 12:04:47 KMZ "Izhora-Metal" started production of steel billets
St. Petersburg plant KMZ "Izhora-Metal" opened the production of steel billets. “Izhora-Metal“ Forging and Mechanical Plant opened a new production site for the production of steel blanks for metallurgy, shipbuilding and the energy industry in St. Petersburg with the ...
2022-12-20 16:35:34 WWF experts laud MMK environmental programme
Magnitogorsk Iron and Steel Works (MMK) has improved its ranking in environmental management and environmental impact performance, taking sixth place in the World Wildlife Fund’s rating of environmental information transparency among mining and metals companies.
MMK received a ...
2022-12-20 16:29:21 RUSAL approves climate goals for 2032 and 2050
The Board of RUSAL, a leading global aluminium producer, approved the updated Climate Strategy until 2032 with a perspective up to 2050.
The updated Climate Strategy was adopted at the RUSAL Board of Directors meeting held in Krasnoyarsk. The Strategy comprises two scenarios - basic ...
2022-04-08 16:16:52 Chairman’s statement regarding the situation in Ukraine
RUSAL is a multinational company, our employees work across 5 continents in 20 countries, including Ukraine.
Being interested in putting an end to the conflict in this European country as quickly as possible, we are closely watching the events there, in the hope that this horror and ...
2022-04-08 16:09:37 Update on the situation regarding the coupon payment for the Eurobond 2024
PAO Severstal (MOEX: CHMF; LSE: SVST) informs that further to our latest disclosures to the holders of the LPNA dated the 23rd and 29th of March 2022 regarding the pending interest payment on the loan relating to Loan Participation Notes due 2024 (LPN) issued by Steel Capital S.A. (the ...
2022-04-08 16:03:54 MMK announces a change in its shareholder structure of it's stock
Magnitogorsk Iron & Steel Works ("MMK", or "the Group") (MOEX: MAGN; LSE: MMK) announces that on 3 March 2022 MMK received a notice of a change in its shareholder structure.
The corresponding transaction was completed on 28 February 2022, about which the ...
2022-01-31 15:18:49 RCC was awarded credit ratings
The ACRA rating agency assigned to Russian Copper Company Group (RCC Group) the A+(RU) rating. The rating outlook is “stable”. ACRA experts noted the company’s strong market position, as well as its strong business profile, which is due to the low cost of copper production, ...
2022-01-31 15:15:49 MMK and Siemens develop integration platform and create competence centre
Magnitogorsk Iron & Steel Works (MMK) and Siemens LLC (a subsidiary of Siemens AG in Russia) entered into an agreement to develop an integration platform and create a competence centre based on MMK. The document was signed by Director General of MMK Pavel Shilyaev and President of ...
2021-12-24 14:24:44 RUSAL opens new low-carbon aluminium smelter in Taishet
RUSAL opens the first phase of the world’s most advanced low-carbon aluminium production plant, Taishet Aluminium Smelter (TaAZ), in Taishet, Siberia, further demonstrating RUSAL’s commitment to decarbonisation of its operations and consumer product chains.
The ...
2021-12-24 14:19:37 Bank Otkritie to finance major UMMC project for the eco-friendly production of blister copper
RUB 12.8 billion, 8-year credit line is to be provided to JSC Svyatogor, a subsidiary of the Ural Mining and Metallurgical Company Group (UMMC), one of the largest mining and metallurgical companies in Russia. The financing from Otkritie Bank will be used for the modernization of the ...
2021-12-24 14:14:42 Severstal increases supplies to export markets, announces new opportunities
Dmitry Goroshkov, Director of Sales and Business Development, Energy at Severstal shared the Company’s energy market outlook for 2022 and provided an overview of key achievements in 2021 at an on online media briefing on December 9.
In 2021, Izhora Pipe Mill’s share of ...
2021-12-24 14:11:51 MegaFon's private LTE network is coming to MMK
Magnitogorsk Iron and Steel Works and MegaFon signed a five-year agreement on cooperation in the development of advanced technologies. In particular, the agreement will cover the development of the Internet of Things, digitalisation of the enterprise and improvement of telecom infrastructure ...
2021-12-24 14:09:56 NLMK launches automated warehouse complex
NLMK Lipetsk has commissioned a 10,000 m2 automated warehouse complex as part of its efforts to boost the efficiency of its production processes. The complex will enable 24/7 supply of spare parts, components, and consumables to repair shops, reducing internal order completion time by a ...
2021-12-02 15:09:02 RUSAL: ALLOW ranked in The League of Green Brands
RUSAL announces that the Company's trademark, low carbon aluminium brand, ALLOW has been ranked in the League of Green Brands – the first national ranking of sustainable brands.
The League of Green Brands is a reputable non-governmental development institute established in Russia ...
2021-12-02 15:01:35 Severstal agrees to sell Vorkutaugol to Russkaya Energiya
PAO Severstal (“Severstal”, “The Group”), one of the world's largest vertically integrated steel and mining companies, announces that it has signed a binding agreement with OOO Russkaya Energiya to sell its coking coal assets, AO Vorkutaugol ...
2021-11-30 12:02:08 Mechel Reports the 3Q 2021 Financial Results
Mechel PAO announces financial results for the 3Q 2021 and 9M 2021. The Group’s consolidated revenue in 3Q2021 amounted to 102.9 billion rubles, down 5% quarter-on-quarter. EBITDA was 31.9 billion rubles, also down 5% quarter-on-quarter. EBITDA margin remained at 31%.
Mechel ...
2021-11-30 11:58:44 Lebedinsky GOK's quality management system successfully passes re-certification audit
Lebedinsky GOK (part of Metalloinvest) has successfully passed a re-certification audit of its quality management system (QMS) for compliance with the international standard ISO 9001:2015. The audit was conducted in October by experts from the British Standards Institution (BSI), a ...
2021-11-29 12:58:24 En+ Group ranked ESG transparency leader for Russian companies
En+ Group has been ranked a leader in Expert RA’s ESG-transparency rating of Russian companies and banks.
The Rating features 134 companies from 21 market segments. While preparing the ranking Expert RA analysts considered the information the companies disclose within their ...
2021-11-29 12:46:43 Kirill Chernov appointed Managing Director of OEMK
Kirill Chernov is appointed Managing Director of Alexey Ugarov OEMK. He previously held the position of Chief Engineer at the enterprise.
Nazim Efendiev, CEO of Management Company Metalloinvest, commented: “Kirill Chernov is a longstanding member of our team and has deep ...
2021-11-29 12:45:16 NLMK embarks on overhaul of reheating furnace at hot strip mill
NLMK Lipetsk has begun an overhaul of its reheating furnace used for heating up steel slabs prior to rolling at Mill 2000. The upgrade will increase hot-rolled steel output at NLMK Lipetsk by 430,000 tonnes per year (+7%), improve product quality, halve energy consumption, and reduce ...
2021-10-29 13:07:54 Nornickel successfully places a USD 500 million Eurobond
PJSC “MMC “NORILSK NICKEL”, the world’s largest producer of palladium and high-grade metal nickel and a major producer of platinum and copper, announces today the closing of its USD 500 million Eurobond offering with an annual coupon rate of 2.80% and maturing in ...
2021-10-29 13:04:15 Mechel Wins Major Tender to Supply Tram Rails to Moscow Metro
Mechel reports winning the tender for supplying tram rails to Moscow Metro. Shipments will begin this month.
The contract stipulates supplies of over 5,000 tonnes of RT62-type rails. The rails produced by Chelyabinsk Metallurgical Plant’s universal rolling mill will be used for ...
2021-10-29 13:02:53 AK&M raised the ESG reporting rating of MMK
Federal rating agency AK&M raised the ESG reporting rating of Magnitogorsk Iron & Steel Works to RESG 1 - the highest level of sustainability disclosure.
MMK was assigned the highest rating level following the publication of the Integrated Annual Report for 2020, which contains ...
2021-10-29 13:00:05 Severstal becomes first Russian company to join ResponsibleSteel
PAO Severstal, one of the world's leading vertically integrated steel and steel-related mining companies, has become the first company in Russia to join ResponsibleSteel, the first global multi-stakeholder standard and certification initiative with a mission to maximise steel’s ...
2021-10-22 13:27:16 RUSAL presents the first impact study in Russia of social and environmental business programs
RUSAL has initiated the first Russian study on the effectiveness of corporate social and environmental programs and their impact. Experts discussed the results of the study on the Skolkovo School of Management platform.
It is important to remember that to evaluate the results of ...
2021-10-22 13:13:37 NLMK Group Q3 2021 IFRS Financial Results
NLMK Group’s EBITDA in Q3 2021 increased by 11% qoq to $2.3 bn; EBITDA margin was 50%. Free cash flow (FCF) reached $1.1 bn. The Board of Directors recommended approving Q3 2021 dividends in the amount of 13.33 RUB/share (100% of the FCF).
Q3 2021 key highlights
Revenue grew ...
2021-10-22 13:11:00 Metalloinvest, Primetals and Midrex lay solid foundation for development of green steelmaking
Metalloinvest has contracted with Primetals Technologies and consortium partner Midrex Technologies, Inc. to supply the new HBI Plant (HBI-4) at Lebedinsky GOK (LGOK). The plant will be located in Gubkin, Russia, and will be designed to produce 2.08 million metric tons of HBI per year. Its ...
2021-10-22 13:08:50 ММК successfully passed an audit of QMS for compliance with the ASES standard
Magnitogorsk Iron & Steel Works successfully passed an audit of its quality management system (QMS) for compliance with the ASES standard – a single system for assessing suppliers of the Renault-Nissan-Mitsubishi Alliance.
The ASES (the Alliance Supplier Evaluation Standard) ...
2021-10-14 15:22:01 Nornickel's Palladium Fund Issues Carbon-Neutral Nicel ETC
Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper announces that its Global Palladium Fund (GPF) has issued the world’s only physically backed carbon-neutral nickel Exchange Traded Commodity (ETC). ...
2021-10-14 15:19:23 RUSAL and TransContainer develop «green» logistics
RUSAL have signed an agreement of intent on strategic cooperation for low-carbon development in the field of logistics. The signing ceremony was attended by RUSAL’s General Director Evgenii Nikitin and President of PJSC TransContainer Alexander Isurin.
In order to reduce ...
2021-10-14 15:16:47 Severstal secures supply contract with Hyperloop Transportation Technologies Inc.
PAO Severstal, one of the world's largest vertically integrated steel and mining companies, and Hyperloop Transportation Technologies, Inc. (HyperloopTT), the leading developer of next generation sustainable high-speed transportation has secured a contract to supply steel for the ...