2013-11-25 16:17:57 NLMK Group optimizes energy sector management
NLMK Group continues to optimize its energy sector management. This process is part of developing an efficient and transparent functional/divisional management system covering all production sites in Russia and abroad; and a comprehensive program aimed at boosting business process ...
2013-11-22 11:57:55 New Gyro Crusher Launched at Norilsk Nickel Talnakh Concentrator Plant
Installation of a newly-assembled gyro crusher No 13 has been completed at the Milling and Flotation Workshop of the Talnakh Concentrator Plant (TCP). The replaced mill has had a service life of 13 years.
According to Igor Zorin, Deputy Production and Technology Head of the ...
2013-11-21 04:14:54 SSAB develop steel products sales in Russia
«The Russian market is a priority for SSAB,» Martin Lindqvist (Martin Lindqvist), President of SSAB told the Metal Supply and Sales Magazine at a press conference held as part of the ceremony of summing up the competition Swedish Steel Prize of 2013.
«We already sale ...
2013-11-07 14:08:09 NLMK and OMK renew contract for slabs used in large diameter pipe production
NLMK Group, Russia’s largest steelmaker, and OMK Group, Russia’s leading pipe manufacturer, signed a new Agreement on long-term cooperation renewing the contract for the supply of slabs until and inclusive of 2016. These slabs will be rolled into plates at the new Vyksa Steel ...
2013-11-06 17:22:40 Severstal will supply rolled steel for Nissan Almera model
The Cherepovets Steel Mill, one of the world’s largest integrated steel mills (part of Severstal’s Russian Steel Division), entered into another agreement to supply rolled steel for the production of Nissan Almera model. First deliveries were launched in Q4 2012.
Nissan ...
2013-11-06 15:25:46 Izhora Pipe Mill achieves European Accreditation
The Izhora Pipe Mill, part of Severstal, one of the world’s leading steel and steel-related mining companies, has received certification allowing it to supply pipes to the European market, which would include the South Stream pipe line system’s on-land sections.
The Izhora ...
2013-11-05 12:07:20 En+ Group changes management board
En+ Group, a leading Russia-based industrial conglomerate, announces changes to its management board.
Mr. Vladimir Polin is appointed Chief Operating Officer of En+ Group. Mr. Polin is responsible for increasing the efficiency of the group’s businesses, overseeing the investment ...
2013-10-25 15:07:01 Norilsk Nickel continues to implement cobalt project
Kola MMC (an MMC Norilsk Nickel subsidiary) stepped on another stage of Cobalt project. Cutting cobalt cathodes equipment was shipped to the Company.
Semi-automatic cobalt cathodes cutting sequence is machinery comprising almost twenty units: scissors of all kinds, conveyors, special ...
2013-10-23 14:17:51 Stoilensky improves system of handling and storing iron ore waste
Stoilensky, NLMK Group’s iron ore producer, is going ahead with production testing the first stage of its thickening unit at the tailings department as part of the plant’s programme aimed at enhancing the efficiency of its existing infrastructure.
With the startup of this ...
2013-10-22 15:12:26 Alcoa and VSMPO-Avisma to form joint venture
Alcoa and Russia’s VSMPO-Avisma Corporation, the world's largest manufacturer of titanium ingots and forged products, have agreed to join forces to meet growing demand for high-end titanium and aluminum products for aircraft manufacturers worldwide.
Alcoa Chairman and CEO Klaus ...
2013-10-22 12:44:20 Chelyabinsk Zinc Plant focuses in the Russian market
Chelyabinsk Zinc Plant (CZP) produced 125,609 tonnes of salable SHG zinc and zinc based alloys in 9M 2013, an increase of 3.5% as compared to 9M 2012 (121,335 tonnes). 65.9% of metal was supplied to the domestic market that coincides with the last year level.
CZP’s affiliated ...
2013-10-17 18:00:10 NLMK Group Q3 2013 Trading Update
In Q3 2013, NLMK Group steel output grew by 3% to 3.897 m t, driven among other factors by a 0.1 m t increase in output at NLMK Kaluga. Q3 steel product sales totaled 3.719 m t (-1.4% q-o-q). Finished product sales grew by 5.5% q-o-q to 2.896 m t; their share in total sales growing 5 p.p. to ...
2013-10-17 16:43:42 Rusal cutes aluminium output and cost
Today UC Rusal announced interim results of the production volume reduction programme at its least-efficient smelters.
As of 17th October, aluminium production has been mothballed at the Volgograd (VgAZ), Urals (UAZ), and Volkhov (VAZ) aluminium smelters, as well as at the first phase ...
2013-10-17 14:11:43 Norilsk Nickel has created a new nickel production technology
Specialists of the Department of Scientific and Technological Development and Environmental Safety of Kola MMC (MMC Norilsk Nickel’s subsidiary) together with the specialists of Gipronickel Institute invented a new technology of nickel production from sulphide ore.
The technology ...
2013-10-15 11:09:45 Norilsk Nickel Appoints Head of Global Sales and Marketing
Following the announcement of its new strategy, MMC Norilsk Nickel (hereafter Norilsk Nickel" or the Compan") continues enhancing its management team and announces the appointment of Markus Meurer as Norilsk Nickel Head of Global Sales and Marketing.
He will take up his ...
2013-10-04 17:18:21 Norilsk Nickel to develop business in Russia
MMC Norilsk Nickel (hereinafter, Norilsk Nickel or the Company), today announced further details of its new strategy in London.
The new strategy aims to realize the full potential of MMC Norilsk Nickel’s unique resource base at the Polar and Kola Peninsulas, increase MMC ...
2013-10-04 06:49:07 NLMK Group brings in strategic investor for NLMK Europe
NLMK is proceeding with the restructuring of its European assets to further improve efficiency and optimize costs with an investment by SOGEPA (Société Wallonne de Gestion et de Participations S.A.), a Belgian state-owned company, in NLMK Europe.
The restructuring ...
2013-10-03 15:50:13 Vtorchermet NLMK commissions new shredder at Podolsk
Vtorchermet NLMK (part of NLMK Group), one of the largest scrap processing networks in Russia, has commissioned a new high-performance shredder at the Vtorchermet NLMK Center site in Podolsk.
Designed for processing light and mixed scrap, the new shredder will improve the quality of ...
2013-10-01 16:41:38 Norilsk Nickel Board of Directors approves production and financial targets and new dividend policy
MMC Norilsk Nickel (hereinafter, NN or the Company), the largest global nickel and palladium producer, announces that its Board of Directors today has approved the Company’s key production and financial targets for 2014-2018, which have been developed on the basis of its new strategy. ...
2013-09-30 15:43:52 Rusal makes a submission to LME on proposed rule change
Rusal has made a submission to the London Metal Exchange (LME) Board of Directors on the proposed LME warehouse rule changes. In its submission Rusal asks the LME to postpone the introduction of the proposed rule changes and presents a set of alternative measures for the benefit of all ...
2013-09-30 10:59:04 Rusal and VEB to develop new production
Rusal announces that it has signed a Memorandum of Intent (MOI) with Vnesheconombank (VEB) to convert Rusal’s loss-making smelters.
Rusal and VEB intend to work together to create production facilities to produce aluminium- and aluminium alloys-based automotive components, rolled ...
2013-09-27 16:41:13 Rusal to participate in the creation of Taman dry-cargo port
Rusal together with the Ministry of Transportation of the Russian Federation and the Government of the Krasnodar Territory, announces that it will participate in the creation of the Taman Dry-Cargo Port.
The construction of a terminal to transfer aluminium and alloys is planned at the ...
2013-09-17 16:20:49 Yuriy Bokachev appointed Managing Director of NLMK DanSteel
Yuriy Bokachev has been appointed Managing Director of NLMK DanSteel A/S, a Danish plate producer and part of NLMK Europe Plate Products. In this capacity, Yuriy Bokachev will be responsible for NLMK DanSteel’s operating activities, operational health and safety, and environmental ...
2013-08-29 18:20:26 Airbus and VSMPO-Avisma to reinforce partnership
Airbus and VSMPO-Avisma Corporation signed a Memorandum of Understanding for the development of an end-to-end strategic collaboration, which covers development, processing and recycling of titanium material utilised for all Airbus aircraft programmes. The contract was signed at the ...
2013-08-22 13:12:39 Exposition of Metal-Expo’2013 is Almost Fully Arranged
The exposition of Metal-Expo’2013, 19th International Industrial Exhibition has been almost fully arranged in Halls 69 and 75, The All-Russia Exhibition Center two and a half months before the beginning of the event. Some 800 companies from 36 world countries will participate in the ...
2013-08-21 10:17:05 Mechel sold Donetsk Electrometallurgical Plant
Mechel announces signing an agreement with businessman Vadim Varshavsky for the disposal of 100% shares of Daveze Limited, which in its turn owns 100% shares of Donetsk Electrometallurgical Plant, for a nominal sum of 2,000 euro.
The buyer also assumes the obligation to ensure ...
2013-08-14 17:57:57 KUMW to launch new rolling complex
Kamensk-Uralsk Metallurgical Works builds a new aluminium rolling complex. 227 million dollars will be invested in the project this year.
At the end of the first phase of the project, cold rolling mill, coils annealing furnaces and cutting line will be launched in in May 2014. The ...
2013-08-12 11:57:28 NLMK Q2 2013 US GAAP Results
NLMK, the LSE-listed leading steel producer, today announces its consolidated US GAAP results for Q2 2013.
Q2 2013 KEY HIGHLIGHTS:
· Revenue: $2,829 million (-1% qoq)
· EBITDA: $400 million (+26% qoq), EBITDA margin 14% (11% in Q1 2013) ...
2013-08-08 16:31:16 Vyksa Steel announces H1 2013 operating results
Vyksa Steel Works produced over 790,000 tonnr of pipes of different standard sizes, 390,000 railway wheels and 278,000 tonne of flat products in H1 2013.
In the reporting period of 2013, pipe production volume soared 20% YoY. LDP production amounted to 403,600 tonne, a 33% growth YoY. ...
2013-08-07 10:12:58 Mechel begins coal supplies to China by new railway route
Mechel announces that it has started supplying coal concentrate to the People's Republic of China by rail through new border checkpoint Makhalino — Hunсhun.
The first cargo train was dispatched in early August along the international transport corridor linking the south of ...
2013-08-01 16:41:14 Mechel sold two ferroalloy assets
Mechel announced signing an agreement for disposal of several ferroalloys assets to Turkey’s Yildirim Group.
According to the agreement, Yildirim Group acquires Mechel ’s Voskhod Mining Plant (Khromtau, Kazakhstan) and Tikhvin Ferroalloy Plant (Tikhvin, Leningrad Region, ...
2013-08-01 11:24:09 NLMK installs pulverized coal injection system
NLMK (LSE: NLMK), a leading global steel company, has started hot testing pulverized coal injection (PCI) into its blast furnaces at the main production site in Lipetsk. Installing this resource-saving technology, which has only recently been introduced in Russia, began at its Blast Furnace ...
2013-07-31 15:13:23 Metalloinvest announced operational results for the second quarter of 2013
Metalloinvest, a leading global iron ore and HBI producer and one of the regional steel producers, today announces its operational results for the second quarter of 2013.
In Q2 2013, Metalloinvest increased iron ore production to 9.7 mn tonnes, a 1.1% increase q-o-q. Pellet ...
2013-07-30 13:42:08 Russian industry increased production of several copper products
Production of refined copper in January-June 2013 fell by 1.2% with compared to the similiar period of 2012.
The situation is similar with copper flat rollde products: foil output decreased by 13.9%, plates, sheets and strips - by 2.9%. However, copper wire production has increased by ...
2013-07-30 11:07:16 NLMK closes order book for two bond issues for a total of RUB 10 billion
NLMK has closed the order book for its BO-11 and BO-12 exchange bond issues with a value of RUB 5 billion each, a maturity period of 10 years each, and a put option in 3 years after the date of placement.
August 1, 2013 was set as the starting date of the BO-11 series bond placement ...
2013-07-25 15:22:40 Seversatl optimezes management structure
Further to the management and organizational changes announced by Severstal (“Severstal”, “the Company” or “the Group”) on July 15, the Company announces further changes to optimize its management structure in order to achieve its stated goals of improving ...
2013-07-11 15:40:32 OMK ATZ posts increased steel pipe output for H1
Tatarstan based Almetyevsk Pipe Plant, a subsidiary of Russian pipe producing company United Metallurgical Company, produced 18,579 metric tonne of steel pipes. In the January to June period of the current year, the mill's steel pipe output rose by 6.3% compared to the same period of 2012, ...
2013-07-09 11:35:14 Severstal steel shipments to TMK cross 2012 volumes
Russian steel giant Severstal has shipped approximately 90,000 tonnes of rolled metal products to OAO TMK, which is more than the volume of shipments for the entire year in 2012.
At a meeting of the Coordination Council of TMK and Severstal held in Cherepovets the representatives of ...
2013-07-08 13:01:03 Mechel bags order for new class of steel for Russian Helicopters
Mechel OAO, one of the leading Russian mining and metals companies, reports that the Group's Chelyabinsk Metallurgical Plant fulfilled the order for a new class of steel for helicopter making. The order was placed by the Russian Helicopters holding.
High quality steel was produced in ...
2013-07-04 14:02:47 Metal-Expo Opens Registration for Participation in the 2014 Event
The 20 th Metal-Expo exhibition with the participation of some 800 from 35-40 world countries and a big number of visitors will be held in November 2014 in Moscow. Metal-Expo Management already receives applications for space booking and participation in the forthcoming event.
This ...
2013-07-03 16:59:22 Vorkutinskaya Mine resumes coal production acrosstwo faces
ОАО Vorkutaugol, one of Russia’s largest coal mining companies and part of the Resources division of ОАО Severstal, has commenced mining coal from a new longwall at the Vorkutinskaya Mine. The new longwall is located at the mine’s Third coal seam, which holds more than 800 ...
2013-07-03 16:34:15 "Металл-Маркет" значительно расширил линейку поставляемых труб
К началу строительного сезона компания "Металл-Маркет" значительно расширила ассортимент конструкционных труб, увеличив при этом и количество поставщиков данной продукции.
Расширен складской ассортимент тонкостенных труб диаметром 76 мм со стенкой 2,0 мм (включительно). ...
2013-07-01 19:24:49 Evraz mulls shorter week at parts of ZSMK steel mill
Reuters reported Russia's top steelmaker Evraz is considering cutting the working week to 4 days at parts of its ZSMK plant, one of Russia's largest mills, as the troubled steel industry heads into the slow summer season.
Sources with ties to the Siberian plant, which produced 7.3 ...
2013-06-27 20:11:09 Metal-Expo to offer customer stands design and building
A customer stands design office recently established by Metal-Expo will help exhibitors to design and build customer stands at Metal-Expo exhibition in November. The customer stands design office will be appealing to the latest trends in stands design and building using the most advanced ...
2013-06-27 19:20:53 Russian MMK’s steel products sales hit new record highs
Russia-based Magnitogorsk Iron & Steel Works (MMK) said that its shipments of finished steel products made to domestic markets totaled 730,000 tons in May, rising by 16% year on year and hitting the history new highs.
In May, the company’s output of commercial grade finished ...
2013-06-26 11:24:54 Mechel review of subsoil license conditions for Elga deposit
Mechel OAO, one of the leading Russian mining and metals companies, announces the Federal Subsoil Resources Management Agency approved the revised schedule for the works under the subsoil license agreement for development of the Elga coal deposit.
According to the revised license ...
2013-06-25 16:45:35 TMK Holds Annual General Meeting of Shareholders
TMK announces that the Annual General Meeting of Shareholders was held in Moscow on June 25, 2013.Shareholders approved the annual report and financial statements for the 2012 financial year. Shareholders also elected the Board of Directors and the Revision Commission. They also approved ...
2013-06-25 12:52:55 Severstal was ranked as second most competitive global steelmaker
OAO Severstal, one of the world’s leading steel and steel-related mining companies, has been ranked as the second most competitive global steelmaker in a June report by World Steel Dynamics (WSD), having been ranked third in the WSD rating in 2012. Severstal was placed ahead of other ...
2013-06-24 13:58:05 Russian finished steel output down in Jan-May
Russkaya Stal, a non-profit association of Russian domestic steelmakers, has reported that its main member enterprises produced 4.6 million metric tonne of finished steel in May 2013, up 1.5% from April and decreasing by three percent compared to May last year.
Finished steel ...