Metallurgy news

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 Mechel PAO jointly with other respondent parties a sum of 12.7 billion rubles to recover Rostov Electrometallurgical Plant OOO’s damages. The lawsuit was based on the claim that Mechel jointly with other respondent parties ...
15 September 2017., 15:23   comment

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 tonnes of metal, metalware, and profiled metal. Warehouse sales grew thanks to optimised warehouse logistics and increase in sales to end customers. Strong results were in particular demonstrated by the company’s production facility ...
15 September 2017., 15:21   comment

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 up to 20% of the Group’s export. The opening of NLMK Turkey will enable NLMK to improve the quality of customer service and develop its direct sales. Mr. Cengiz Argat has been representing the interests of NLMK ...
15 September 2017., 15:16   comment

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 the lighting systems at three Metalloinvest enterprises: OEMK, Lebedinsky GOK and Mikhailovsky GOK. As part of the project, ready-made lighting systems have been installed at a total of 17 production facilities. ...
15 September 2017., 14:50   comment

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 completion of the works under this contract is planned for the end of 2017. The works will be financed from the company’s own funds. In 2018 Udokan Copper Project will see a significant increase of specialists and workers at ...
09 August 2017., 11:59   comment

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 (EC) Regulation 1831/2003 of the European Parliament and European Council. Besides the labeling, a product usage specification for the animal feed production in languages of countries of export has been developed. Copper ...
09 August 2017., 11:48   comment

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 facility and unit operations on the environment. Most projects implemented by MMK as part of the programme use the best available technologies ensuring world-class performance. Recently, the reconstruction of the sulphur collection ...
09 August 2017., 11:44   comment

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 current year, as well as from 2018-2019. Participants in the meeting included: representatives of Management Company Metalloinvest, Lebedinsky GOK, Mikhailovsky GOK, OEMK, Ural Steel and Ural Scrap Company, ...
09 August 2017., 11:40   comment

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 project will create about 200 new jobs, and will enable NLMK to source raw materials for blast furnaces from blast furnace (BF) waste, to cut pig iron production costs, and to reduce its environmental footprint. ...
09 August 2017., 11:32   comment

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; wheel diameter is 920 mm. Following the customer’s request the wheels are coated with a special detector paint that changes the color if the wheel is heated to critical temperature in operation. Heating may evidence ...
24 August 2017., 12:11   comment

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. Four HPGRs were installed in 2016 at two of the four sections of the beneficiation plant. The HPGR technology, unparalleled in Russia, has delivered a 12.5% increase in the processing capacity of each upgraded ...
17 August 2017., 14:27   comment

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 the winter. Pricing will be determined through a formula based on market indicators for iron ore prices in both global and domestic markets. Nazim Efendiev, First Deputy CEO, Head of Sales, Management Company Metalloinvest, ...
17 August 2017., 13:51   comment

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 calciner #2 at IrkAZ to produce calcined coke supplied to the Sayanogorsk Aluminium Smelter for the production of baked anodes. Production capacity of the calciner is 72 ktpa. Currently Russia is short of calcination ...
17 August 2017., 13:44   comment

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, in accordance with International Financial Reporting Standards (IFRS). Sales: The total sales of pipe products in H1 2017 were equal to 977,000 tonnes, 12% higher than the volumes of the same period in 2016 ...
17 August 2017., 13:36   comment

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 mn tonnes of iron ore concentrate and sintering ore to Chelyabinsk Metallurgical Plant before 30 June 2018. Pricing will be determined through a formula based on market indicators for iron ore prices in both global ...
08 November 2017., 13:21   comment

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 functional data files for subsequent processing and use in Severstal’s data analysis, machine learning and artificial intelligence projects. The hybrid architecture of the storage will combine two data storage models – ...
08 November 2017., 10:09   comment

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 June 2018. Nazim Efendiev, First Deputy CEO, Sales Director, Management Company Metalloinvest, commented: “Supplying high-quality iron ore products to Russian steel companies on long-term contracts is a permanent ...
08 July 2017., 17:00   comment

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 for crucially new jet engines. The expected revenue from the agreements will potentially exceed $ 76 million.
08 July 2017., 16:04   comment

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 connections. The Company shipped the first batch of the new product to NOVATEK’s Arctic LNG 2 project. The pipes were successfully sunk at the Salmanovskoye (Utrenneye) oil and gas condensate field with the involvement ...
08 July 2017., 15:59   comment

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. A cutting-edge process developed by the Engineering and Technological Centre of RUSAL surpasses foreign-made counterparts by many characteristics: there are no liquid and solid waste discharges with a more efficient ...
08 July 2017., 15:55   comment