Metallurgy news

Mechel Prolongs Coal Contract with China’s Baosteel Resources until 2019

Mechel PAO (NYSE: MTL, MOEX: MTLR), one of the leading Russian mining and metals companies, reports prolonging its cooperation agreement with Baosteel Resources which is part of China Baowu Steel, China’s largest steelmaking group. The agreement notes long-lasting reliable cooperation between the two sides, based on principles of mutual benefit and trust, guaranteed by stable long-term supplies of coking coal. The new agreement will be valid for July 2018 to June 2019. During this time, Mechel ...
07 September 2018., 12:44   comment

NUST MISiS laboratory develops innovative steel grades for OEMK

The steelmaking laboratory of the A.A. Ugarov Stary Oskol Technological Institute, a branch of the National University of Science and Technology MISiS (NUST MISiS), launched at OEMK (part of Metalloinvest), has begun developing new steel grades. The laboratory is conducting experimental smelting in a new vacuum induction melting furnace with a maximum capacity of 60 kg. The laboratory enables its operators to efficiently conduct experimental smelting in small volumes, which is impossible in ...
07 September 2018., 12:42   comment

Smartphones to be used in underground

AO Vorkutaugol, one of the largest coal mining companies in Russia and part of PAO Severstal, has purchased special spark-proof smartphones to perform mining equipment diagnostics and workplace safety audits. Prior to entering the mine, the wireman opens the Mobile Equipment Maintenance and Repair (EMR) application on the smartphone, logs into the system and enters the workplace. Once underground, the phone transmits to special readers installed in the mines near mechanisms and aggregates. When ...
07 September 2018., 12:40   comment

MMK’s environmental efforts and resource management recognized by industry competition

Magnitogorsk Iron and Steel Works (MMK) won the XV industry competition titled ‘Metal and Mining Enterprises with Highly Effective CSR’. The competition participants were 61 metal and mining enterprises. For the second year in a row, MMK is amongst the winners in the category ‘Environmental Protection and Resource Management’. MMK’s investments in environment protection last year exceeded 4 billion rubles. The company undertook a number of large ecological projects including: the reconstruction ...
07 September 2018., 11:43   comment

RUSAL restarts operation of teh Friguia alumina refinery in Guinea

UC RUSAL (486 Hong Kong, RUAL Moscow Exchange), a leading global aluminium producer, is pleased to announce the restart of the FRIGUIA ALUMINA REFINERY in Guinea. The official ceremony to mark the restoration of the Friguia refinery was attended by the President of Guinea, Alpha Conde, the Russian Ambassador to Guinea, Alexander Bregadze, as well as the management of RUSAL. This follows agreements reached in 2016 between the Republic of Guinea and the company, which provide for the ramp up of ...
21 June 2018., 14:56   comment

EVRAZ expands the capacity for the processing of railway wheels

EVRAZ NTMK completes preparations for launching the fifth railway wheel machining line. The line has already been assembled, four new automated machines have been installed at the wheel shop. Currently the wheel-block robotic transport and handling equipment, chip breaker and disposal systems, a cutting-fluid management station are being mounted. Cable networks and fences that will ensure labor safety are installed. Earlier on, the old pipelines and cabling were removed and the existing machining ...
21 June 2018., 14:53   comment

NLMK Group to employ new technology to boost quality and reduce cost of coke production

NLMK Group, a global steel company, is designing equipment to implement stamp charging process at Altai-Koks. This will boost coke quality and reduce the cost of its production through use of more cost-efficient grades of coking coals. Stamping technology is under implementation at Coke Plant No. 5, which launched in 2006 with a design capacity of 1.1 mtpa, and covers 25% of all Altai-Koks production needs. The scope of the project includes an overhaul of the plant, construction of a storage ...
18 June 2018., 16:44   comment

MMK’s hot-rolled products Mill 2000 sets another record

PJSC Magnitogorsk Iron and Steel Works’ ("MMK") most powerful unit, hot-rolled products Mill 2000, produced 527.5 ths tonnes of metal in May 2018, setting an all-time record for monthly output. It was the highest production volume at the mill since its commissioning in 1994, beating the previous monthly record of 526.2 ths tonnes set in January 2015. MMK’s hot-rolled products Mill 2000 is one of the most powerful facilities in Russia. It is located at MMK’s sheet-rolling shop No 10 and was modernised ...
18 June 2018., 16:42   comment

Severstal supplies 40 thousand tons of steel for Fifa World Cup 2018 stadiums

PAO Severstal, one of the largest vertically integrated steel and mining companies in the world, supplied approximately 40 thousand tons of rolled steel for the construction of the 12 stadiums that will host World Cup matches in 2018. Flat steel and reinforcing bars were supplied from Severstal’s production site in Cherepovets and the Balakova Mini-Mill (part of Severstal’s Russian Steel division). Steel products were delivered directly to the stadium construction sites via the Company’s distribution ...
18 June 2018., 16:40   comment

MMK showcases environmental policy in action

Magnitogorsk Iron and Steel Works (MMK) has published a video titled “MMK – Caring About the Future” describing its environmental efforts. The six-minute video presents the results of MMK’s environmental activities in the past few years in a clear and simple way, and outlines the Company’s mid-term environmental plans. The video summarises an enormous amount of data using infographics. It also contains information on MMK’s numerous activities to combat air and water pollution, as well as in ...
06 August 2018., 17:40   comment

Metalloinvest expands steel heat treatment capacity as part of SBQ client-orientation and quality development

Metalloinvest announces that it will build a heat treatment facility for hot-rolled steel at OEMK. The heat treatment facility will have an annual capacity of 70,000 tonnes of high-quality (Special Bar Quality, SBQ) bars, and will be established within the enterprise's finishing plant. The facility will add to the existing heat treatment capacities at OEMK’s rolling plant #2. Metalloinvest has agreed an equipment supply contract for the facility with Danieli Centro Combustion, part of Danieli ...
06 August 2018., 17:32   comment

Severstal begins supply of unique cryogenic steel for new LNG production and storage facilities

PAO Severstal, one of the world's leading vertically integrated steel and mining companies, is pleased to announce that it has begun the supply of construction elements for a liquefied natural gas (LNG) storage facility made of cryogenic low-carbon steel with a 9% nickel content. The products will be used in the construction of a LNG plant which Gazprom is building in Portovaya, in the Leningrad Region. The first 60-ton product batch has already been delivered to the customer. Within the agreement, ...
06 August 2018., 17:29   comment

NLMK shareholders approve FY2017 and Q1 2018 dividends

At the Annual General Shareholders’ Meeting (AGM) held on 8 June 2018 in Lipetsk, NLMK shareholders approved the payment of FY2017 dividends of 14.04 rubles per share (considering the previously paid interim dividends, the amount outstanding to be paid for Q4 2017 is 3.36 rubles per share). Shareholders also approved the payment of dividends for Q1 2018 in the amount of 5.73 rubles per share. The date upon which the shareholders entitled to Q4 2017 and Q1 2018 dividends will be determined was ...
06 August 2018., 17:26   comment

Rusal increased revenue despite U.S. sanctions

Russian aluminum giant Rusal on April 11 warned of expected harm to its business from U.S. sanctions, sending its shares down more than 7% despite the company reporting a 20% jump in first-quarter core profit. Washington last month announced sanctions on Russian billionaire Oleg Deripaska and several companies in which he is a large shareholder, including Rusal, En+ Group and GAZ Group, in response to what the United States said were Russia’s «malign activities». Though Rusal said longer-term ...
18 May 2018., 11:32   comment

TMK takes part in the 2018 International Offshore Technology Conference

TMK, one of the world’s leading producers of tubular products for the oil and gas industry, has taken part in the 2018 International Offshore Technology Conference (OTC), Houston, USA. At the event, TMK showcased its full range of TMK UP premium threaded connections used in oil and gas wells operating in adverse conditions, including offshore projects, and directional and horizontal drilling. Using an interactive display TMK introduced visitors to its latest technologies, and the entire range ...
05 November 2018., 16:04   comment

Expert RA assigned IMH the ruBBB+ credit rating

RAEX rating agency (Expert RA) has assigned IMH credit rating ruBBB+ with a stable outlook. RAEX in its report notes the Company’s high liquidity level and diversification of sales by geography and customers. The Agency outlines the Company's strong positions on the pig iron and metallurgical coke markets –key sales areas of the group. In addition, the Agency’s report notes that the policy of one of the largest consumers of merchant pig iron – the USA – stimulates growth of pig iron prices, ...
05 November 2018., 16:01   comment

In 2018 UMMC will invest about 3,5 bln.RUB in capital construction of Gaisky GOK

Ural Mining and Metallurgical Company will invest about 3,5 bln. RUB in development of PJSC “Gaisky GOK (a part of UMMC commodity-based complex), which exceeds equivalent figures for 2017 by 1 bln. (34%). Over half the investment budget, about 2,25 bln.RUB, is planned to be channeled into implementing a project “Underground mine development” on the level of 830-1310 m. "The project includes a wide range of works to be done: stope sinking, bolting and fitting as well as construction of new crushing ...
05 November 2018., 11:30   comment

Metalloinvest announces operational results for Q1 2018

Metalloinvest, a leading global iron ore and merchant HBI producer and supplier, and one of the regional producers of high-quality steel, today announces its operational results for the first quarter of 2018. Management comments Andrey Varichev, CEO of Management Company Metalloinvest, commented: "In the first quarter of 2018, Metalloinvest continued the successful implementation of its strategy to increase volumes of value-added products, raising production of pellets, HBI, hot metal and steel. ...
05 April 2018., 15:17   comment

TMK Announces Board Of Directors Decidsions

TMK, one of the world’s leading producers of tubular products for the oil and gas industry, announces that the Board of Directors at its meeting on April 26, 2018 decided to hold an Annual General Meeting of Shareholders (AGM) on June 21, 2018. The record date for the list of shareholders eligible to participate in the AGM is May 28, 2018. TMK's Board of Directors recommended the AGM to approve annual dividends for the full year 2017 of RUB 2.28 per share, amounting to a total of RUB 2,355,548,634.48 ...
05 April 2018., 14:51   comment

MMK invests over RUB 4 bln in environmental programmes in 2017

In 2017, Magnitogorsk Iron and Steel Works invested 4,157.8 million rubles in environmental initiatives. From 2018 to 2025, the Company plans to spend more than 38 billion rubles on environmental protection. In 2017, 2,578 million rubles were invested in the construction and reconstruction of facilities aimed at improving air quality. As a result of the implementation of 31 environmental initiatives, air pollutant emissions were cut by 2,536 tonnes per year. The key projects of the past year ...
05 April 2018., 14:48   comment