Metallurgy news
- 2024-05-21 14:38:03
Nornickel announces Consolidated Production Results for 1Q 2024
Nornickel, the world’s largest producer of palladium and Class I nickel and a major producer of platinum and copper, announces preliminary consolidated production results for the first quarter of 2024 and full year 2024 production outlook. In 1Q 2024, the Company increased the ... - 2024-05-21 14:34:27
MMK’S hot rolling mill 2000 produces 150 millionth tonne of rolled stock
Sheet rolling shop No. 10 at Magnitogorsk Iron and Steel Works (MMK) has produced the 150 millionth tonne of rolled stock on its hot rolling mill 2000. First commissioned in 1994, the mill produced its 100 millionth tonne of hot-rolled steel in 2015. Mill 2000 is MMK’s most ... - 2024-05-21 14:31:10
Pipe industry as a major consumer of hot-rolled steel products
Now there is a unique situation in the market, when steel pipes in some cases can cost cheaper than strips for their production. This is largely due to the fact that last year there was an oversupply of tubular products, which left certain stocks in warehouses, now pressuring the market. One ... - 2024-04-23 14:21:36
Nornickel announces stock split
Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, announces stock split. As a result of this operation one share is converted into 100 shares of the same category. Earlier, an Extraordinary General Meeting of ... - 2024-04-23 14:18:15
Severstal reports Q1 2023 operational results
Severstal announces that in Q1 2023 crude steel production was almost flat qoq and stood at 2.7 mln tonnes (-1% qoq). Consolidated steel sales followed production dynamics and decreased slightly, by 1% qoq to 2.77 mln tonnes. Production: Hot metal output decreased by 4% qoq to 2.72 mln ... - 2024-04-23 14:15:51
Stainless steel consumption in Russia increased by 27%
The association 'Spetsstal' has reported that the visible consumption of the main types of stainless steel products in Russia increased by 27.3% to 661.9 thousand tonnes in 2023, compared to 2022. This represents an 11.7% increase from 2021. In 2023, the consumption of flat ... - 2024-03-18 11:45:11
RUSAL introduces next generation of one of the most in-demand products – MaxiFlow 2.0
RUSAL, one of the world's largest aluminium producers, has successfully completed development and began field-scale tests of a new generation of MaxiFlow billets, version 2.0. This innovation will enable RUSAL's customers to significantly increase extrusion speed and overall production ... - 2024-03-18 11:35:23
Mechel has summarised its production and sales results for 2023
Mechel a prominent Russian mining and metals company, has released its operating results for Q4 and 12M 2023. Oleg Korzhov, Chief Executive Officer, stated that the average range of global coal prices in 2023 was significantly lower than the 2022 quotes, but still acceptable to ... - 2024-03-18 11:27:59
MMK launches dynamic technology risk management system
Magnitogorsk Iron and Steel Works (MMK) has launched a new system that makes dynamic adjustments to the production process in a move aimed at lowering the rejection rate and reducing the risk of human error. The system relies on adaptive technology and quality management, predictive ... - 2024-01-31 09:53:36
Nornickel announces Consolidated Production Results for 2023
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 2023 and production outlook for the full year 2024. Senior ... - 2024-01-31 09:50:18
China's steel exports exceed 90 million tonnes
In December 2023, national steel companies in China exported 7.73 million tonnes of finished steel products, which is 3.5% less than in November but 43.1% higher than in December 2022. As a result, China's total finished steel and pipe exports in 2023 reached 90.26 million tonnes, ... - 2024-01-30 19:57:11
MMK announces its Trading Update for Q4 and 12M 2023
Pig iron output decreased by 7.5% quarter-on-quarter (q-o-q) to 2,416 thousand tonnes due to overhaul of blast furnace No. 8. Steel output totalled 3,116 thousand tonnes, down by 7.1% q-o-q due to overhaul of basic-oxygen furnace at the Magnitogorsk production site. Group sales of ... - 2023-12-25 15:18:21
Norilsk nickel completed the relocation of Bystra to Russia
The Cypriot company GRK EASTERN GEOLOGY LIMITED, which is in the process of liquidation, was excluded from its ownership structure. Its shareholders received shares of Holding Company BYSTRA in proportion to their stakes in the authorised capital, thus the distribution of shares among the ... - 2023-12-25 15:16:39
RUSAL creates a new AlZn alloy for the automotive industry
RUSAL announces the creation of a new AlZn alloy for the automotive industry. The Company has been successfully running several R&D projects with top global automotive parts suppliers on proprietary AlZn alloy. The new alloy is developed on the basis of the Al-Zn-Mg system with ... - 2023-12-25 13:48:36
MMK Trading house received awards from Russian Union of Metal and Steel Suppliers
The award ceremony for the annual competitions held by the Russian Union of Metal and Steel Suppliers for metal trading companies took place following the close of the 27th International Conference “Russian Metal Market-2023”, held last week in Moscow. Denis Chernenko, Head of ... - 2023-12-25 13:45:02
NLMK Logistics Centre truck shipments exceed 1 million tonnes
NLMK Group has increased truck shipments of metal products from its Logistics Centre at NLMK Lipetsk to 1 million tonnes per year. This is a record volume of truck shipments since the centre began operations in 2020. Development of truck transportation enables fast, reliable and safe ... - 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 ... - 2023-09-01 14:46:35
Metalloinvest Plants are Recognized as The Best Enterprises of The Mining and Metallurgical Complex of High Social Eefficiency
Enterprises Metalloinvest, a Metal-Expo regular exhibitor, – OEMK and Lebedinsky GOK – were recognized as the winners of the XX industry competition "Enterprise of the mining and metallurgical complex of high social efficiency". Oskol Electrometallurgical Combine named ... - 2023-07-13 10:58:35
Nornickel presents metals market review
— 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 ...
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