2017-10-17 11:53:14 EVRAZ Q3 Production Report
EVRAZ plc (LSE: EVR; “EVRAZ” or the “Group”) today released its operational results for the third quarter of 2017.
Q3 2017 vs Q2 2017 OPERATIONAL HIGHLIGHTS:
Consolidated crude steel output increased by 5.9% quarter-on-quarter to 3.5 million tonnes in Q3 ...
2017-10-17 10:23:30 MMK Aims Quarterly Dividend Payments
MMK Aims Quarterly Dividend PaymentsThe Board of Directors of PJSC Magnitogorsk Iron and Steel Works (“MMK” or “the Company”, ticker: MMK: LI) on 16 October 2017 approved a resolution to convene an extraordinary general meeting of shareholders (EGM) with absentee ...
2017-10-13 11:59:26 NLMK VP Receives Adolf Martens Award for Ultrahigh-Strength Steel Research
Dr. Bruno Charles De Cooman, NLMK Group Vice President for Research and Development, has been awarded the prestigious Adolf Martens Memorial Steel Lecture for his research into the properties of ultrahigh-strength steels.
The award ceremony took place on 10 October at the Material ...
2017-10-13 11:58:27 Metalloinvest’s HBI-3 Plant recognised as the best investment project in 2017
Metalloinvest’s third hot briquetted iron (HBI) production facility, HBI-3 Plant, has won the 'Investment Project of the Year' prize at the Russian Mining Excellence Awards 2017; HBI-3 Plant was launched at Lebedinsky GOK in July thisyear. The awards ceremony took place at MINEX Russia ...
2017-10-12 16:59:10 Severstal introduces digital predictive model to prevent failures at mill-2000
Cherepovets Steel Mill, one of the world’s largest integrated steel plants (part of Severstal’s Russian Steel division), has launched the commercial operation of a digital predictive model to prevent failures at the hot rolling mill 2000 and thereby reduce its downtime. This ...
2017-10-10 14:47:24 Metalloinvest signs new credit facility agreements
Metalloinvest (“the Company”), a leading global iron ore and merchant HBI producer and supplier, and one of the regional producers of high-quality steel, has signed two long-term credit facility agreements with ING Bank guaranteed by export credit agencies (ECA). The funds will ...
2017-10-10 14:44:21 Severstal reports Q3 & 9M 2017 operational results
PAO Severstal (MICEX-RTS: CHMF; LSE: SVST), one of the world’s leading vertically integrated steel and steel-related mining companies, today announces its operational results for Q3 & 9M 2017.
Hot metal output remained almost unchanged at 2.23 mln tonnes (Q2 2017: 2.24 ...
2017-10-03 15:47:00 MMK EGM approves dividends for H1 2017
PJSC Magnitogorsk Iron and Steel Works ("MMK" or "the Company”) announces that an Extraordinary General Meeting of shareholders was held on 29 September 2017 (“the EGM”) with absentee voting.
Shareholders approved by majority vote a dividend on ...
2017-10-03 14:14:03 Norilsk Nickel’s Shareholders approved dividends for 6 months of 2017
The extraordinary general meeting (EGM) of shareholders of PJSC «MMC Norilsk Nickel», the world’s largest producer of refined nickel and palladium, held on September 29, 2017, approved the interim dividend for the six months of 2017 in the amount of RUB 224.20 ...
2017-09-29 15:05:10 “Orenburg radiator” increased its sales
“Orenburg radiator” (enterprise of automotive industry of UMMC) increased sales up to 834.16 mln.rub for the first half of 2017. This indicator is 20% higher comparing to similar period last year. Largest sales growth is in the segment of radiators and intercoolers (by 36.8%), as ...
2017-09-29 15:03:21 A new induction furnace is used for gold casting at the “Uralelektromed”.
In the refining department of Chemical Metallurgical plant of JSC “Uralelektromed” (UMMC metallurgical enterprise), a new high efficiency induction unit was launched. The equipment is designated for casting gold into bullions. Its cost totaled 2.8 mln.rub.
According to the ...
2017-09-29 14:57:57 NLMK closes its U.S. $500 million 7-year Eurobond offering
NLMK (LSE: NLMK), the largest steel producer in Russia and a leading international steel company, today announces the closing of its U.S.$500 million 7-year Eurobond placement with an annual coupon rate of 4.00%. Interest payments on the Eurobonds are payable semi-annually.
The ...
2017-09-29 14:52:44 The repayment of Guaranteed Convertible Bonds due 2017
PAO Severstal announces the repayment of US$475,000,000 1.00 per cent Guaranteed Convertible Bonds due 2017 issued by Holdgrove Limited and guaranteed by PAO Severstal.
Holdgrove Limited (the “Issuer”), a wholly-owned subsidiary of PAO Severstal (LSE: “SVST”; ...
2017-09-22 16:26:08 More mining equipment delivered to Bystrinsky GOK
By the end of 2017, Bystrinsky GOK will receive over 30 new units of modern mining and auxiliary equipment. Overall, the initiative will see around RUB 4 bn in funding from Nornickel.
Bystrinsky GOK added four BELAZ mining trucks to its fleet, with another six to be delivered by the ...
2017-09-22 16:20:15 MMK recognised in Top 10 environmental rating in Russia for the 2nd time in a row
PJSC Magnitogorsk Iron and Steel Works (“MMK”) efforts have been recognised as one of the Top 10 environmental initiatives by companies in Russia’s energy and metal sectors in H1 2017.
The rankings, compiled by the Modern Media Research Institute and Live Planet TV, ...
2017-09-22 16:13:41 Metalloinvest increases productivity at OEMK's DRI Plant 2
OEMK (part of Metalloinvest) has successfully completed major repair works at DRI Plant 2. This has enabled the plant to increase production from 88 to 110 tonnes per hour. The increased productivity at DRI Plant 2 will enable OEMK to boost direct reduced iron (DRI) production by nearly ...
2017-09-15 15:23:55 Mechel Reports Court Decision’s Entry into Force
Mechel PAO (MOEX: MTLR; NYSE: MTL), a leading Russian mining and metals company, reports a court decision that may have an impact on the value of Mechel PAO’s shares.
According to court information, the Fifteenth Arbitration Court of Appeal left unchanged the decision to charge ...
2017-09-15 15:21:15 MMK Trading House posts record-breaking sales
MMK Trading House, a part of Magnitogorsk Iron and Steel Works ("MMK") Group, reports sales of 840,000 tonnes of products for the first eight months of 2017, up 14% year-on-year.
In August 2017, the company set a new record in monthly sales – shipping more than 145,000 ...
2017-09-15 15:16:28 NLMK Group opens sales office in Turkey
NLMK Group, an international steelmaking company with operations in Russia, Europe and the USA, is pleased to announce the opening of NLMK Turkey, its sales office in Turkey.
As part of Strategy 2017, NLMK Group is focusing its sales in key markets, including Turkey, that accounts for ...
2017-09-15 14:50:15 Lighting at three Metalloinvest enterprises becomes 70% more energy efficient
Philips Lighting has modernised the lighting systems at OEMK, Lebedinsky GOK and Mikhailovsky GOK, which will enable Metalloinvest to save over 30.5 mn kWh per year.
Philips Lighting, a leader in global lighting solutions, has completed the first stage of large-scale renovation work on ...
2017-09-08 11:59:40 BMC prepares “Chara” to receive personel in 2018
Baikal Mining Company LLC and TK Motor LLC concluded a contract for completion of construction, installation and finishing works required to commission Administrative and Hotel Complex “Chara” located in Novaya Chara settlement in Kalar District of Zabaikalie region. The ...
2017-09-08 11:48:30 JSC "Uralelektromed" introduced the European standard labeling for copper sulfate
JSC "Uralelectromed" (enterprise of metallurgical complex of UMMC) has introduced a new labeling for copper sulphate, in order to supply it to the European market as a supplement for animal feed. The new labeling was adopted by the company in accordance with clauses and rules of ...
2017-09-08 11:44:19 MMK invests RUB 1.64 bln in environmental protection activities in 1H 2017
PJSC Magnitogorsk Iron and Steel Works ("MMK") invested RUB 1.64 bln in renovating and building new environmental facilities in the first six months of 2017.
The initiatives are part of the MMK annual environmental program designed to minimise the impact of production ...
2017-09-08 11:40:28 Metalloinvest discusses freight transport partnership opportunities
A meeting has taken place at Lebedinsky GOK (part of Metalloinvest) to discuss Metalloinvest enterprises' partnership with the rolling stock operating company New Forwarding Company (part of Globaltrans Group), specifically focusing on issues relating to freight transport organisation in the ...
2017-09-08 11:32:15 NLMK Group starts briquetting plant construction in Lipetsk
NLMK Group, an international steelmaking company with operations in Russia, the USA and the European Union, has embarked on the construction of a briquetting plant at its Lipetsk production site, a new production of steelmaking briquettes with a capacity of 700,000 tonnes per year. The ...
2017-08-24 12:11:50 EVRAZ NTMK has shipped a lot of new design railway wheels to Deutsche Bahn
EVRAZ NTMK has for the first time shipped a lot of 240 BA220 passenger railway wheels to Deutsche Bahn, the largest German operator.
BA220 railway wheels is a new product for the Mill. The wheels are manufactured with ER7 steel grade and demonstrate rim hardness of 235 HB and above; ...
2017-08-17 14:27:24 NLMK Group expands Stoilensky’s beneficiation capacities
NLMK Group, an international steelmaking company with operations in Russia, the USA, and the European Union, is embarking on the second stage of its project to implement High Pressure Grinding Rolls (HPGR) technology at the Stoilensky beneficiation plant, NLMK Mining Division core asset. ...
2017-08-17 13:51:58 Metalloinvest signs long-term contract with Severstal to supply iron ore concentrate
Metalloinvest and Severstal have signed a new long-term contract for the supply of 1.8 mn tonnes of iron ore concentrate, valid until 30 June 2018.
Deliveries will be made from Lebedinsky GOK (part of Metalloinvest). The contract also covers the supply of dry iron ore concentrate in ...
2017-08-17 13:44:57 RUSAL invests USD 24 million in calcined coke production
UC RUSAL (SEHK: 486, Euronext: RUSAL/RUAL, Moscow Exchange: RUAL/RUALR), a leading global aluminium producer, has announced the launch of a new calciner at the Irkutsk Aluminium Smelter. The total project investment amounts to USD 23.7 million.
In 2015, it was decided to upgrade the ...
2017-08-17 13:36:02 ChelPipe Group announces financial results as of H1 2017 in accordance with IFRS
Chelyabinsk Pipe-Rolling Plant Public Joint-Stock Company (ChelPipe PJSC), a leading Russian manufacturer of pipe products and provider of integrated solutions for companies of the fuel and energy complex, announces its consolidated financial results for the six months ending June 30, 2017, ...
2017-08-11 13:21:46 Metalloinvest signs long-term contracts with Mechel for supply of iron ore products
Metalloinvest and Chelyabinsk Metallurgical Plant (part of Mechel) have signed long-term contracts for the delivery of approximately 1.6 mn tonnes of iron ore and pellets.
The contract stipulates that Mikhailovsky GOK (part of Metalloinvest) will supply 0.6 mn tonnes of pellets and 1 ...
2017-08-11 10:09:50 Severstal develops biggest Data Lake in Russian industry
PAO Severstal, one of the world’s leading steel and steel-related mining companies, announces that it has created a hybrid Data Lake as part of its digital strategy to secure the Company’s competitive advantages in the long-term. The infrastructure is designed to store Company ...
2017-08-07 17:00:54 Metalloinvest signs long-term contracts with Evraz for supply of iron ore products
Metalloinvest and Evraz have signed new long-term contracts for the supply of 3.4 mn tonnes of iron ore and pellets.
The contracts stipulate that Mikhailovsky GOK (part of Metalloinvest) will supply Evraz with 1.6 mn tonnes of pellets and 1.8 mn tonnes of iron ore concentrate before 30 ...
2017-08-07 16:04:14 VSMPO-AVISMA Corporation and Rolls-Royce signed long-term agreements for supply of titanium products
VSMPO-AVISMA Corporation signed several long-term agreements with Rolls-Royce for the period up to 2026.
Terms and conditions of all agreements differ from each other.
According to the terms of new agreements VSMPO-AVISMA shall deliver rings, blisks and fan disks to Rolls-Royce ...
2017-08-07 15:59:57 TMK launches production of casing pipe with unique TMK up threaded connections
TMK, one of the world’s leading producers of tubular products for the oil and gas industry, has become the first Russian manufacturer to start the production of casing pipe with unique TMK UP CENTUM threaded connections. TMK is currently the only manufacturer of pipe with such ...
2017-08-07 15:55:19 UC RUSAL invested over USD 1.1 mln in sulphate production
UC RUSAL (SEHK: 486, Euronext: RUSAL/RUAL, Moscow Exchange: RUAL/RUALR), a leading global aluminium producer, announces a commissioning of a two-stage gas treatment centre at the Krasnoyarsk aluminium smelter (KRAZ) producing sodium sulphate. Project investments amounted to USD 1.14 mln. ...
2017-08-07 15:48:01 NLMK mining company adopts predictive process management
Stoilensky (an NLMK Group company, core asset of NLMK Mining Division) has embarked on the implementation of a predictive management system for ore crushing and beneficiation processes. In the long run, this will enable an increase in the efficiency of the beneficiation equipment to 400,000 ...
2017-07-17 11:30:24 Metalloinvest launches one of largest hot briquetted iron production facility in world
Metalloinvest has launched its third hot briquetted iron production facility (HBI-3 Plant) at Lebedinsky GOK in Gubkin, Belgorod region. The plant is the largest HBI production facility in Russia and one of the biggest in the world.
Participants in the official launch ceremony for ...
2017-07-04 17:30:38 ТМК to Launch the First Russian Internet Platform for Tubes Products
Reported by TMK press service, TMK eTrade, the first Russian internet shop for tubes products is now under beta testing. Expectedly, the system will be in full operation on 1 September. The internet shop provides TMK customer an opportunity to make a quick order for products by any of the ...
2017-07-04 17:25:57 Zagorsk Pipe Plant and POSCO Become Partners
Reportedly, Zagorsk Pipe Plant and POSCO (South Korea) became strategic partners. Both companies signed a cooperation agreement on supplies of steel flats from South Korea and for pipes manufacture at Zagorsk. The decision to sign the cooperation agreement with POSCO was made after the ...
2017-07-04 17:22:50 Mechel to Pay 1.4bn Rubles Preferred Shares Dividends
On the annual meeting Mechel share holders made a decision to pay 1.426bn rubles as preferred shares dividends for 2016 (10.28 rubles per a share). Thus, the company will allocate 20% of its profit for 2016 as preferred shares dividends. Common shares dividends will not be paid. According to ...
2017-05-22 13:45:41 Metalloinvest Increases Iron Ore and Steel Outputs
In Q1, 2017 Metalloinvest produced 10.07Mt of iron ore, (+0.4% compared with the corresponding period of 2016:10.04Mt). Production of nodules grew 0.2% up to 5.98Mt compared with Q1 2016, while production of direct reduced iron dropped 0.6% to 1.47Mt. Pig iron production dropped 14.6% to ...
2017-05-22 13:40:00 TMK-INOX Extends Range of Electric-Welded Stainless Pipes
For the first time TMK-INOX produced a batch of electric-welded stainless (austenitic) steel pipes to be used under high pressure in aggressive environment requiring high corrosion-resistance, the company’s media office reports.
Manufacture of new size-types of electric-welded ...
2017-05-22 13:37:41 EVRAZ NTMK Ships Rails to Guinea
EVRAZ NTMK produced a batch of P50 rails, type OT350 for UC RUSAL to be used at Compagnie des Bauxites de Kindia, a bauxites deposit in Guinea, the company’s media office reports.
The steel rails will be used for repairing a railway connecting the deposit with Conakry sea port ...
2017-05-12 16:46:12 Steel Structures Manufacturers to Exhibit Their Potential
SteelStructures’2017 , the 2d International Specialized Exhibition, a key event in the metal construction industry will be held on 5-8 June, hall 8.1, Expocentre Fairground, Moscow, Russia.
Using steel structures and metal products in the construction industry is a promising and ...
2017-05-05 12:51:25 EVRAZ Expands Sales Markets
EVRAZ dispatched a batch of nodules produced at Kachkanarsk Mining and Dressing Plant to US Steel Kosice, the biggest steel mill in Slovakia. The nodules fully meet the customer’s requirements in chemical composition and physical properties. The content of iron in the nodules is more ...
2017-05-05 12:50:05 NLMK Starts Manufacture of Polymer Coated Rolled Stock with Enhanced Decorative Properties
NLMK Group presented new type of product in the domestic market: multilayer polymer coated rolled stock. As compared to a normal coating, this type has an enhanced durability and an attractive habitus due to lacquer coating. The rolled products are to be used for facades, rooting and ...
2017-05-05 12:44:49 Severstal Masters High-Strength Steels Production
Severstal mastered production of DP600 high-strength duplex ferrite-martensite hot-rolled steel. This type of product is used for manufacture of vehicular strength members and wheel disks. The new steel grade is mastered on mill 2000, sheet-rolling plant № 2, Cherepovets Steel Mill (part of ...
2017-05-02 14:07:35 Steel Producers to be Presented New Types of Equipment and Solutions
More than 100 Russian and international equipment suppliers and advanced solutions providers have already confirmed their participation in Metal-Expo’2017 (November 14-17, 2017, Moscow, Russia).
Leading Russian equipment suppliers including Ormeto-YUMZ, EZTM, VNIIMETMASH, ...
2017-04-20 12:00:57 Metalloinvest builds high-tech facility at Ural Steel
At Ural Steel, part of Metalloinvest, the Roller Treatment Furnace #1 and Heat Treatment Machine #1 Сomplex is undergoing construction. Currently, design and surveying work is ongoing. 1.5 billion roubles have been invested in the project, which is planned to be completed in 2018. ...