Metallurgy news

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. The project entails the installation of new high-performance equipment for Roller Treatment Furnace #1 and Heat Treatment Machine #1 in their sheet-rolling facility. The implementation of the project will enable the ...
20 April 2017., 12:00  

ChMK export project wins state support

Mechel reports that the Expert Council of Russia’s Industry and Trade Ministry’s Industrial Development Fund approved a loan for Mechel’s Chelyabinsk Metallurgical Plant (ChMK) to implement a project for production of rails, beams and other structural rolls meant for export. The project’s cost totals 1.52 billion rubles, including 300 million rubles to be loaned by the Industrial Development Fund. The project includes acquiring technological equipment in order to set up manufacturing of products ...
17 April 2017., 14:30  

Ormet plans to launch underground mine

Ormet (part of Russian Copper Company) continues the construction of an underground mine at the Dzhusinskoye deposit, Chelyabinsk region. Currently, the surface obejectes of the mine is being assembled, ore is mined at the prepared site as part of a pilot project for approbation of development systems, which should guarantee the safety of mining operations. Ormet develops Dzhusinskoye deposit since 2004 with an open-pit mine. New mine will enable to develop its resources with the underground ...
17 April 2017., 13:00  

Severstal remained hot metal output unchanged

Severstal has announced its operational results for Q1 2017. According to its press release, hot metal output remained largely unchanged, decreasing only 1% to 2.34 mln tonnes (Q4 2016: 2.36 mln tonnes) compared with the previous quarter. Crude steel production declined 2% to 2.86 mln tonnes (Q4 2016: 2.92 mln tonnes). Crude steel output at CherMK was impacted by planned maintenance works at converters #2 and #3. Consolidated steel product sales declined 9% q/q to 2.53 mln tonnes compared with ...
14 April 2017., 06:00  

MCSP renewed plant equipment

Mednogorsky copper sulfate plant (MCSP, enterprise of UMMC’s metallurgical division) purchased a new front end loader for about 6 mln. rubles. The loader will be used at the area of briquetting and feed preparation for copper smelter to supplement a similar loader which is said to have been efficiently used. - Our plant equipment includes many items which are used at the production site of the company and are involved in the process of blister copper production, - comments Head of Tansport Department ...
14 April 2017., 06:00  

Rusal acquires share of Skad

Rusal acquires share of the foundry and mechanical production facility Skad, which is a producer of aluminium alloy car wheels, located in Krasnoyarsk region. Under the terms of the transaction, Rusal will own a stake in the authorised capital of Skad and its founder, Idris Zakriev, will remain as Chief Executive Officer of the production facility. Skad produces alloy wheels for the Russian and overseas auto markets and, due to the growing consumer demand, Skad’s management decided to raise ...
13 April 2017., 16:05   comment

Uralelektromed to launch new cathode stripping machine

Specialists of Uralelektromed (part of UMMC) visited one of Outotec branches, located in Kil (Sweden), where they witnessed tests of the new cathode stripping machine. It will be installed in the second stage of Tankhouse being under construction. According to Mark Shuklin, deputy head of technical department of Uralelektromed, the new machine will be similar in its functionality to that of the first stage. It will wash, strip and sample cathodes for their chemical composition to be determined, ...
13 April 2017., 06:00  

Fitch affirmed Metalloinvest rating with a stable outlook

Metalloinvest has announced that Fitch Ratings (Fitch) confirmed the Company’s long-term issuer default rating at ‘BB’ with a Stable outlook. In accordance with Fitch’s opinion reflected in the published release, Metalloinvest demonstrated financial resilience at times of volatile global pricing in iron ore and steel products and consistently reduced its absolute level of debt over the past four years. Fitch’s analysts also noticed Metalloinvest's top-three pellet and leading merchant hot briquette ...
13 April 2017., 06:00  

Mechel develops cooperation with Baosteel Resources

Mechel reports that its cooperation agreement with Baosteel Resources which is part of China Baowu Steel, China’s largest steelmaking group, has been prolonged. Since April 2017 and until March 2018, Mechel will supply Baosteel Resources’ facilities with up to 960,000 tonnes of premium-grade coking coal mined in Southern Yakutia. Coal will be shipped via Mechel’s own Trade Port Posiet. The price will be determined on a monthly basis. “We have established trust-based, mutually beneficial ties ...
04 December 2017., 15:05  

Chelyabinsk Zinc Plant put into operation an anode straightening machine

Under the ambitious process reconstruction program being implemented at Chelyabinsk Zinc Plant (part of UMMC), the anode straightening machine has been put into operation at the zinc cellhouse. The cost of Canadian equipment amounted to as much as 1.2 mln euro. The major product of the Chelyabinsk Zinc Plant is Special High Grade zinc with 99. 995% zinc purity, produced by electrolysis. Electrolysis is a process by which electric current is passed through a zinc-bearing electrolyte in an electrolytic ...
04 December 2017., 06:00  

MMI to invest $98.3 mln in environmental programme

Magnitogorsk Iron and Steel Works (MMK) Group plans to complete 87 environmental initiatives in 2017 with total investments estimated at around 5.6 bln rubles ($98.3 mln) under its environmental programme. Environmental initiatives in 2017 will cover all of MMK Group’s production facilities and subsidiaries. An estimated 5.26 bln rubles will be invested in 69 initiatives at the Magnitogorsk facility, while the remaining 325 mln rubles will be directed to subsidiaries. There are several priority ...
04 November 2017., 12:00  

Zagorsk Pipe Plant’s pipes approved for use at Gazprom

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Denis Safin, Director General of Zagorsk Pipe Plant, took place in Moscow. It was noted that in March 2017 large-diameter pipes produced by Zagorsk Pipe Plant, namely electric-welded longitudinal steel pipes with a diameter of 1,020 to 1,422 mm, had been included in the register of pipe products approved for use at Gazprom’s facilities. The parties discussed the prospects for further cooperation on the ...
04 November 2017., 06:00  

Norilsk Nickel placed $1 bullion 6-year Eurobond offering

Norilsk Nickel closed of its $1 billion 6-year Eurobond offering with an annual coupon rate of 4.10%. The proceeds from the issue will be used for general corporate purposes and capital investments. The offering has attracted solid investors’interest both domestically and internationallyand the book was well oversubscribed. As a result, the offering has been successfully executed inside the Company’s outstanding Eurobonds’ curveand allocated between the following regions: Russia (37%), Asia ...
04 November 2017., 06:00  

Чистая прибыль РМК приблизилась к 4 млрд руб.

Чистая прибыль Русской медной компании (РМК) в 2016 г. составила 3,957 млрд руб. Среди основных предприятий РМК лучшие показатели продемонстрировал Михеевский ГОК (Челябинская область): его чистая прибыль составила 3,874 млрд руб. (здесь и далее - по данным учета национальных стандартов). Флагманское предприятие казахстанского дивизиона РМК – Актюбинская медная компания - по итогам года показало чистую прибыль в размере 3,340 млрд руб. Чистая прибыль Карабашмеди (Челябинская область) в 2016 ...
04 October 2017., 12:00  

OMK and Gazprom address prospects for further cooperation

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Anatoly Sedykh, Chairman of the Management Board of United Metallurgical Company (OMK), took place in Moscow. It was noted that the long-term cooperation between the companies had strategic importance. Pipe products made by OMK comply with high standards and requirements set by Gazprom. Specifically, OMK supplies pipes for the Company’s key gas transmission projects, including the construction of the Ukhta-Torzhok ...
04 October 2017., 06:00  

TMK ships new tubes to Lukoil

TMK shipped the first batch of сasing with TMK UP Magna premium threaded connections and GreenWell lubricant-free coating to Lukoil. The pipes were successfully sunk at the Y. Kuvykin field in the Caspian Sea with TMK supervisors’ involvement. The shipment was a part of the comprehensive programme to supply the entire casing, made of TMK’s premium casing pipe with GreenWell lubricant-free coating, to the consumer. TMK UP Magna is a premium threaded connection for 340–508 mm casing pipe. TMK ...
04 July 2017., 14:13  

В «Северном поток-2» ожидаются интересные события

Газпром собирается объявить о партнерстве с европейскими компаниями в проекте «Северный поток-2» в апреле, заявил заместитель председателя правления Газпрома Александр Медведев. «Объявление о партнерстве Газпрома с европейскими компаниями по газопроводу «Северный поток-2» ожидается в апреле», - сказал он. Александр Медведев не уточнил детали намеченной модели финансирования проекта. Проект «Северный поток-2» предполагает строительство двух ниток газопровода общей мощностью 55 млрд м 3 газа в ...
04 July 2017., 13:30  

Rusal and Runaya Metsource will establish joint venture

Rusal and Runaya Metsource, a company promoted by principal shareholders of Vedanta, have signed an agreement to create a joint venture on an equal basis in India (JV). The JV will set up a world class facility which specializes in the production of high technology aluminium pastes and powders with a wide range of high end applications, including innovative industries such as additive technologies and solar energy. India has ambitious growth plans in these sectors and Rusal shall bring in its ...
04 May 2017., 13:00  

Nornickel opened upgraded Murmansk transshipment terminal

Nornickel has completed one of the largest investment projects to date to develop transportation infrastructure in the Arctic. The official opening of the Murmansk transshipment terminal. The new logistics hub can annually handle 1.5 million tonnes of containerized cargo. Nornickel finished the upgrading of the second berth of its Murmansk Transport Division. The second project phase will enable the terminal to work at full capacity and almost double its cargo traffic, from 780,000 tonnes to ...
04 March 2017., 17:00  

TMK to increase prices for tubes of its russian division

TMK, one of the world’s leading producers of tubular products for the oil and gas industry, announced a 5% increase in selling prices for the entire range of tubular products offered by its Russian division from 1 March 2017. The price increase will apply to all consumer categories. The key driver behind the announced price increase is a substantial growth of material costs and other operating cost items in the second half of 2016, affecting the Company’s overall production costs.
21 February 2017., 12:00