Metallurgy news

RUSAL Announces 1st Quarter Operating Results

Moscow, 30 April 2019 – RUSAL, a leading global aluminium producer, announces its operating results for the first quarter 2019 (“1Q19”). Key highlights Aluminium Aluminium production in 1Q19 totaled 928 thousand tonnes (-1.6% quarter-on-quarter (“QoQ”)), with Siberian smelters representing 93% of total aluminium output; In 1Q19, aluminium sales amounted to 896 thousand tonnes. In 1Q19 sales of value added products (VAP3) decreased to 259 thousand tonnes (-22.2% QoQ). This period was significantly ...
05 August 2019., 12:08   comment

Stoilensky produces its 15-millionth tonne of pellets

Stoilensky, part of NLMK Group, has produced its fifteen-millionth tonne of pellets since the launch of its pelletizing plant. Launched in November 2016, the pelletizing plant has a design capacity of 6 million tonnes of pellets per year. In 2018, the plant reached the production capacity of 6.7 million tonnes of pellets (+12% yoy). In March Stoilensky signed a development contract with the Finnish company Outotec to increase the pelletizing plant's installed capacity by a third - from 6 to ...
05 August 2019., 12:05   comment

MMK develops cooperation with consumers in Siberia

Deliveries of MMK's rolled steel to pipe companies in the Siberian Federal region have doubled since the beginning of the year. The region accounts for about 10% of the plant’s sales of the relevant products. The Company plans to further expand its presence in the domestic market. Deputy General Director of Sales at PJSC MMK Sergei Ushakov spoke about this at a conference for consumers of MMK's steel products in the Siberian Federal region. The event was held in Novosibirsk on the premises of ...
05 August 2019., 12:03   comment

Metalloinvest presents updated Development Strategy

Metalloinvest, a leading global producer and supplier of HBI and iron ore products, and one of the regional producers of high-quality steel, has updated its Development Strategy. The Strategy aims to allow the Company to maintain the leading position in the metals and mining industry and continuously enhance the Company’s efficiency. In 2015, Metalloinvest announced Strategy 2023, which aimed to strengthen the Company’s position as the global leader in hot briquetted iron (HBI) production; implement ...
05 August 2019., 12:00   comment

Severstal announces sale of Mini-Mill Balakovo

PAO Severstal (the “Company”) one of the world’s leading vertically integrated steel and steel-related mining companies, announces that it has entered into a definitive agreement with Abinsk Electric Steel Works LTD for the sale of Mini-Mill Balakovo. The consideration of the transaction will be $215 million. The transaction is expected to complete in first half of 2019 following the receipt of approvals and other standard conditions. Alexander Shevelev, CEO of Severstal, commented: “Following ...
05 August 2019., 11:58   comment

Mechel’s hardware production upgrade project wins state support

Mechel reports that the Supervisory Board of Russia’s Industry and Trade Ministry’s Industrial Development Fund approved a low-interest loan to Mechel Group’s Beloretsk Metallurgical Plant for upgrading its wire and rope production facilities. The project’s cost will total 1.5 billion rubles, with the Industrial Development Fund footing the bill for 50% of this sum, or 750 million rubles. The loan’s maturity is five years. The project includes a large-scale technical upgrade of Beloretsk Metallurgical ...
19 April 2019., 15:24   comment

MMK expands its range of metal products with high added value

PJSC Magnitogorsk Iron and Steel Works (MMK) shipped the first batch of rolled products with new consumer properties. Improved quality characteristics of hot-rolled sheet metal are obtained through the use of a unique technology which cleans scale from the surface of the sheet. The emergence of new steel products with unique quality properties was made possible by the implementation of a project by Kama-Trade Tatarstan to construct a Brandsteel Service Metalworking Centre (SMC) which has the ...
19 April 2019., 15:20   comment

Q1 2019 NLMK Group Trading update

NLMK Group (LSE: NLMK, MOEX: NLMK), a vertically integrated steelmaker, has published today its preliminary Q1 2019 operating results. Q1 2019 highlights: Steel output decreased by 4% qoq to 4.2 m t due to the overhauls at the Russian sites and seasonal factors. A 3% yoy steel output reduction is also due to the overhauls in Q1 2019. Steel capacity utilization remained high at 96% (-2 p.p. qoq). Sales remained almost flat qoq totalling 4.6 m t (-1% qoq) supported by the sales of inventories ...
19 April 2019., 15:17   comment

Severstal reports Q1 2019 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 Q1 2019. Q1 2019 GROUP HIGHLIGHTS Hot metal output increased 6% q/q in Q1 2019 to 2.36 mln tonnes (Q4 2018: 2.23 mln tonnes) following short-term maintenance works at BF#2 in the previous quarter. Crude steel production grew to 3.04 mln tonnes (Q4 2018: 2.94 mln tonnes) reflecting an increase in pig iron production ...
19 April 2019., 15:16   comment

RUSAL and Braidy Industries will construct a green field aluminium rolling mill in Ashland, Kentucky

RUSAL and Braidy Industries Inc., a US-based holding company which owns both Veloxint, an MIT-incubated lightweighting solutions company, and NanoAl, a Northwestern University incubated materials research and technology company, announced an intent to establish a joint project in Ashland, Kentucky, USA to produce flat rolled aluminium products for the US automotive industry. The design capacity of the rolling mill will amount to 500 thousand tons of hot rolled band and 300 thousand tons of fully ...
19 April 2019., 15:12   comment

RUSAL and Tiocomposite test production technique for sulphur concrete using red mud

RUSAL (stock code at the Hong Kong Stock Exchange: 486, at the Moscow Exchange: RUAL), one of the world's largest aluminium producers, and Tiocomposite signed a memorandum of intent to set test production of sulphur polymer concrete using alumina production waste in the Republic of Tatarstan, Russia. The details of the economic and organisational conditions of the project, as well as its location, are expected to be agreed upon in 2019. In 2017, RUSAL initiated R&D to explore opportunities for ...
04 March 2019., 12:35   comment

MMK increases sales for its SteelArt polymer-coated products

It has been three years since the commissioning of the polymer-coating unit No. 5 at the Lysvensky Metallurgical Plant, which currently manufactures products with decorative designs under the SteelArt brand. These products consist of a metal base with a three-layer polymer coating, which accurately imitates the look and feel of natural materials such as stone, wood, brick and others, as well as being much cheaper and easier to install. The product has a number of advantages relating to its base ...
04 March 2019., 12:30   comment

Air Liquide and Severstal further strengthen their partnership with a new long-term contract

PAO Severstal and Air Liquide have signed a new long-term contract for the supply of oxygen, nitrogen and argon in Cherepovets. Air Liquide will invest around 50 million euros in the construction of a state-of-the-art Air Separation Unit (ASU) which will improve the energy efficiency and the overall environmental footprint of the Severstal production process. Air Liquide will design, construct and own a new ASU on the Severstal CherMK site in Cherepovets producing 2,000 tons of oxygen per day. ...
04 March 2019., 12:28   comment

Metalloinvest purchases new heavy-duty excavator for Lebedinsky GOK

A new heavy-duty excavator (EKG-20), with a 20 cubic metre ladle, has been launched into operation at Lebedinsky GOK (part of Metalloinvest). Modern and powerful production equipment, such as the new excavator, is regularly purchased by Metalloinvest for Lebedinsky GOK as part of its investment programme designed to modernise its mining transportation complex. Lebedinsky GOK’s mining fleet consists of three excavators, each with a 20 cubic metre ladle. Together with the plant’s BelAZ fleet, ...
04 March 2019., 12:26   comment

NLMK updates reheating furnace at its hot-rolling shop in Lipetsk

NLMK Group’s Lipetsk site, has started installation of the reheating furnace equipment in its hot-rolling shop. A new walking-beam furnace will replace a previous-generation pusher-type furnace. The new furnace will add 110 k t per year (+2%) to the hot-rolling mill's output, improve product quality thanks to a more sophisticated technology for charging slabs into the rolling mill, reduce energy consumption by 50% and cut this section's emissions by half. Investment in the project will total ...
04 March 2019., 12:24   comment

Paul Wurth blast furnace equipment – long-term solutions for EVRAZ NTMK

Luxembourg, 13 March 2019. By October 2020, EVRAZ will complete a technical upgrade of No. 6 Blast Furnace of their integrated steel works NTMK located at Nizhnij Tagil in the Urals, Russia. The modernization will concern all systems of the existing installation and enables increasing the nominal capacity by about 40% compared to the previous campaign design. With a hearth diameter of 9.8 meters and an inner volume of 2,200 cubic meters, the new furnace will be able to produce 2.5 million tons ...
13 March 2019., 15:34   comment

ExxonMobil and Primetals Technologies sign global lubrication agreement

• Partnership introduces a joint lubricants and technical services offering • Available to Primetals Technologies long rolling and Morgoil flat rolling equipment owners • Offer includes an enhanced new equipment warranty ExxonMobil and Primetals Technologies have signed a global lubricants agreement to provide lubricants and enhanced technical services exclusively to Primetals Technologies customers. The offer includes three new product families engineered specifically for the unique performance ...
03 December 2019., 09:00   comment

MMK Board of Directors Recommends Dividends For Q4 2018

PJSC Magnitogorsk Iron & Steel Works ("MMK" or "the Company”, ticker: MMK:LI) announces that on 8 February 2019 the Company’s Board of Directors recommended that the Annual General Meeting of shareholders approve a dividend of RUB 1.398 (before taxes) per share for the fourth quarter of 2018 on MMK’s issued ordinary registered shares. The dividend will represent the total of approximately USD 239 mln at the current exchange rate, which equals to 100% of the Company’s FCF for Q4 2018. As a result, ...
15 February 2019., 14:22   comment

Severstal’s Izhora Pipe Mill to supply Gazprom with over 200 thousand tons of pipes

Izhora Pipe Mill (IPM, part of PAO Severstal) has won several tenders to supply PAO Gazprom with over 200 thousand tons of large diameter pipes. The products will be used in the development of gas transmission capacities for the Unified Gas Supply System in the North-West Region (NEGP), as well as the construction of the Kovykta-Chayanda section of the Power of Siberia gas pipeline. The Company will produce and supply pipes with diameters of 720 to 1420 mm with varying wall thickness using K60 ...
15 February 2019., 14:20   comment

Moody’s upgrades NLMK Group’s long-term credit rating

International rating agency Moody’s has upgraded NLMK Group’s long-term credit rating from Baa3 to Вaа2 with a stable outlook (both are investment grade). The decision follows a rating action to upgrade Russia’s sovereign rating which took place on 8 February 2019. Shamil Kurmashov, NLMK Group CFO, said: “We welcome Moody’s decision to upgrade NLMK’s rating. This decision acknowledges the Company’s high creditworthiness and the sustainability of NLMK’s business model.” NLMK’s current credit ...
15 February 2019., 14:18   comment