Putin visited Magnitogorsk Iron and Steel Works (photos)

On the eve of Metallurgist Day, Vladimir Putin arrived on a working trip to the Ural Federal District. The first item on the agenda was a visit to the Magnitogorsk Iron and Steel Works (MMK). Accompanied by Minister of Industry and Trade Anton Alikhanov, Presidential Plenipotentiary Envoy to the Ural Federal District Artem Zhoga, Governor of the Chelyabinsk Region Alexei Teksler, as well as Chairman of the Board of Directors of Magnitogorsk Iron and Steel Works Viktor Rashnikov and MMK General ...
17 July 2025., 10:15   comment

New production of seamless stainless steel pipes in Russia

CYBERSTEEL – the enterprise in Pervouralsk, Sverdlovsk Region, launched a new production of seamless stainless steel pipes. Thanks to this, the company expanded the range of instrumental, heat-exchange and general-purpose pipes for knowledge-intensive industries, and also increased the production of steam generator pipes for nuclear power plants . The volume of investments in technical re-equipment amounted to 12 billion rubles. Of these, 5.2 billion rubles in the form of preferential loans ...
07 March 2025., 11:15   comment

Mechel discussing asset sales, primarily in energy sector

Mechel is discussing selling some of its assets, in particular, energy assets such as Kuzbassenergosbyt and the South Kuzbass State District Power Station, CEO Oleg Korzhov told journalists. "We are operating on the basis that we have assets which would not impact substantially on our cash flow and operations if we removed them from the group. For example, Kuzbassenergosbyt and the South Kuzbass State District Power Station. The same goes for another small plant, the Wartsila Hardware Plant, ...
07 February 2025., 10:40   comment

Russian metallurgists reduced steel production volumes in January-May

According to preliminary data, during May 2025, the enterprises of ferrous metallurgy of the Russian Federation produced 6 million tons of steel and 5.2 million tons of finished rolled products. The year-on-year decrease in the indicators is 3.4% and 4.4%, respectively, reported the information and analytical company “Corporation CHERMET”. According to the results of January-May, steel production volumes in the metallurgical industry decreased by 5.2% to 29.1 million tons compared to the same ...
06 November 2025., 11:41   comment