Metallurgy news

ChelPipe successfully refinanced syndicated loans

Chelyabinsk Pipe Plant (ChelPipe) has announced early extinguishment of the syndicated loans totaling 80 billion rubles obtained in 2012. The loans were refinanced with funds obtained under credit arrangements signed with VTB Bank, Gazprombank and Sberbank in December 2016. The new loans have been acquired on more favorable terms, which helped the Company cut its interest expenses and optimize the repayment schedule for the main debt. The guarantee of the RF Ministry of Finance granted in 2012 ...
20 January 2017., 11:00  

EVRAZ grew output of coking coal concentrate

EVRAZ has announced its operational results for the full year of 2016. In 2016, consolidated crude steel production and steel product output, net of re-rolled volumes, decreased by 5.7% and 6.1% respectively. This was mainly due to weak tubular and rail markets in North America, lower crude steel production at EVRAZ ZSMK due to planned capital repairs at blast furnaces in 2016, and the deconsolidation of EVRAZ Highveld Steel and Vanadium in April 2015. Changes in the steel product mix reflected ...
19 January 2017., 10:30  

В Хабаровском крае растет добыча олова

В Министерстве природных ресурсов Хабаровского края подвели итоги работы горнорудного комплекса в 2016 г. По данным ведомства, с января по декабрь предприятия добыли более 19,5 т золота, что на 6,4% превысило плановые показатели и на 3,4% – уровень 2015 г. «Основной объем добычи обеспечен за счет рудного золота. Из недр извлечено 16,6 т драгоценного металла – на 2,2% больше прежнего результата. Особенно успешно сработало предприятие «Многовершинное» в Николаевском районе, перевыполнив задание ...
18 January 2017., 12:00  

KrAZ to produce large diameter ingots

The Krasnoyarsk Aluminium Smelter (KrAZ, part of Rusal) is to implement the construction of a new foundry complex for the production of cylinder ingots of 230 mm to 457 mm diameter. The capacity of the new production complex will comprise 120,000 tonnes per year. As of today, the foundry equipment installation is near completion. The complex is to be officially launched into operation once the «hot tests» are successfully completed, with tests being planned for April this year. KrAZ will produce ...
18 January 2017., 11:00  

TMK plans to increase shipments in 2017

In 2016, TMK shipped a total of 3,440k tonnes of tubular products, down 11.2% y-o-y. The decline was mainly due to lower welded pipe sales. Seamless pipe shipments remained almost flat y-o-y at 2,399k tonnes. Welded pipe shipments were 1,042k tonnes, down 28.7% y-o-y, mainly due to lower output across all types of welded pipe at the American division and lower consumption of large-diameter pipe (LDP) in Russia. OCTG shipments were down 5.3% to 1,401k tonnes, mostly due to lower demand for welded ...
13 January 2017., 12:00  

NLMK Europe Plate Division management is changed

NLMK Group has announced the appointment of Cornelius Louwrens as the CEO of NLMK Belgium Holdings1 plate business. It includes two of NLMK Group’s European sites: NLMK Clabecq (Belgium) and NLMK Verona (Italy), and together with NLMK DanSteel (Denmark), comprises the NLMK Europe Plate Division. Cornelius Louwrens will continue as member of the Management Board and Director of Operational Efficiency for NLMK International B.V., a holding company for NLMK’s international assets. Igor Sarkits, ...
01 November 2017., 12:00  

Реконструкция «Лужников» завершится в марте

Уже в марте этого года стадион «Лужники» будет готов к сдаче после реконструкции, сообщил заместитель мэра Москвы по вопросам градостроительной политики и строительства Марат Хуснуллин. «Основные строительные работы в «Лужниках» уже завершены, сейчас ведутся пуск и наладка оборудования, монтаж инженерных систем и установка кресел», - сказал Марат Хуснуллин. По его словам, на стадионе работает более 2 тыс. рабочих. Тенденции и перспективы производства различных видов металлоконструкций будут ...
01 November 2017., 10:00  

ChelPipe signed credit lines with 3 banks

Chelyabinsk Pipe Plant (ChelPipe) announceв lines of credit signed with Sberbank, VTB Bank and Gazprombank amounting up to 80 billion rubles. The maturity of the loans is up to 7 years. The funds will be spent on refinancing the current debt under the syndicated loan obtained from 13 banks in 2012. This will facilitate an early repayment of the government guarantee for the said loan. The new loans have been acquired under favorable terms and will help the Company optimize the repayment schedule ...
01 September 2017., 06:00  

IMH increases debt

Eurasian Development Bank (EDB) and the Industrial Metallurgical Holding (IMH) signed a loan agreement to boost iron ore outputs. The document was signed by Konstantin Limitovsky, Deputy Chairman of the Management Board at EDB, and Evgeny Zubitskiy, President of IMH. In accordance with the agreement, EDB will provide $90 million to IMH for eight years. The borrower in the transaction is Kombinat KMAruda and the guarantors are Koks and Tulachermet. The facility will finance a project to enhance ...
01 April 2017., 06:00  

New beryllium project are planned in Russia

Expert Council of the Industry’s Development Fund approved 12 preferential loans amounting up to 2.93 bullion rubles (approximately $48.305 million). According to one of them, company Rare Metals of the Siberia plans to organize a plant to process beryllium ores into pure beryllium and its compounds. Rare Metals of the Siberia has a technology for primary raw materials and waste processing. A project cost is 0.5 bullion rubles (about $8.243 million), including 260 mln rubles ($4.286 million) ...
01 April 2017., 06:00  

Metalloinvest extended cooperation with Globaltrans

Metalloinvest and Globaltrans today announced that the companies have extended the long-term service for a further three-year period. The key terms of the contract remain unchanged - Globaltrans will continue servicing 100% of Metalloinvest’s freight rail transportation needs. "The contract extension builds on years of hard work and a rewarding business relationship. As in the past, we look forward to the exceptional service we have received from Globaltrans,” said Andrey Varichev, CEO at Metalloinvest. ...
29 December 2016., 10:04   comment

Nord Gold enters into agreement with ING

Nord Gold has announced that it has entered into a 3-year facility agreement with ING Bank N.V. in the amount of US$150 million. Nord Gold intends to use the proceeds for general corporate purposes, including financing capital expenditure and/or the refinancing of its existing debt facilities. Nikolai Zelenski, Chief Executive Officer of Nord Gold, commented: “We are pleased to have secured this facility on attractive terms, testament both to our long term track record and positive outlook. ...
28 December 2016., 17:30  

NLMK Group to build new reheating furnace at NLMK Pennsylvania

NLMK Group has signed an agreement for the purchase of the core process equipment for the construction of a new walking-beam reheating furnace to streamline the slab heating process at NLMK Pennsylvania (Farrell, PA, USA). The new furnace will replace 3 outdated pusher-type furnaces currently operational at the facility. The reheating furnace, which will have a capacity of 395 tonne per hour or around 1.7 million tonnes per year, pre-heats steel slabs prior to further rolling at the hot strip ...
26 December 2016., 15:11  

Renaud Moretti appointed CEO of NLMK Europe Strip

NLMK Group announced the appointment of Renaud Moretti as CEO of NLMK Europe Strip, the division which includes NLMK La Louviere, NLMK Strasbourg and the service centre NLMK Manage. The division was previously managed by Ben de Vos, who is now holding the position of CEO of NLMK International, the company which manages NLMK Group’s international operations. Renaud Moretti, currently the COO of NLMK Europe Strip, will assume the position of CEO on January 1, 2017. Ben de Vos, Chairman of NLMK ...
21 December 2016., 06:00  

Metalloinvest is to modernize Ural Steel

Metalloinvest has signed a contract with SMS Concast AG (Switzerland) for the modernisation of the four-strand continuous casting machine at Ural Steel (CCM #1). As part of its modernisation, CCM #1 will be adapted to produce 455mm billets for railway wheels and square billets with section measurements of 300 x 330 mm for rail production. SMS Concast will produce and supply the new equipment. Andrey Varichev, CEO of Management Company Metalloinvest, commented: "The modernisation of CCM #1 at ...
20 December 2016., 14:14   comment

Rusal completed the sale of Alpart alumina refinery in Jamaica

Rusal has announced that it has completed the sale of a 100% stake in Alumina Partners of Jamaica (Alpart) to Jiuquan Iron & Steel Group (Jisco) for a $299 mln cash consideration. The transaction was successfully completed following the fulfilment of all required conditions in accordance with the previously signed interest purchase agreement. The divestment of Alpart does not affect Rusal’s 100% self-sufficiency in alumina. Vertical integration into efficient upstream assets remains one of the ...
22 November 2016., 12:07   comment

Mechel has attended Metal-Expo

Mechel Group reports its participation in the 22nd International Industrial Exhibition Metal-Expo, which was held at the All-Russia Exhibition Center in Moscow on November 8-11, 2016. Within the expo’s framework, representatives of the Mechel Group’s steel division enterprises held a series of important meetings with potential clients, including Chinese and European companies. “Mechel Group’s booth became one of the most visited and lively negotiation areas,” Mechel-Steel’s Chief Executive Officer ...
11 November 2016., 17:10   comment

TMK signs contract with Petroleum Development Oman

The Sultanate’s leading pipe manufacturer, TMK Gulf International Pipe Industry (TMK GIPI), part of global pipe manufacturer TMK, has signed a four-year 200 million USD contract with Petroleum Development Oman (PDO) to produce and supply a variety of pipelines sized 6”-24” diameter. Almost 80% of the awarded contract represent 6” line pipes (flowlines) widely used by PDO in day to day operations. This achievement is a result of a teamwork between the whole TMK Group, Technical Expertise, Research ...
11 July 2016., 14:05  

KUMW continues to build new rolling complex

Kamensk-Uralsk Metallurgical Works (KUMW) builds the second stage of tne new rolling complex with capacity of 160,000 tonnes of aluminium plates, shtrips and sheets pert year. In May, 2015 KUMW launched the first stage, which consist cold rolling mill, coil annealing chamber furnaces, cutting lines, automatid warenhouse and etc. Now KUMW constructs the second stage,that will produce aluminium hot rolled products. You can find out more information about the possibilities of the new rolling complex, ...
11 February 2016., 15:00  

NLMK Group centralizes control over European projects

NLMK Group is opening NLMK Europe’s Project Office, a new division for integrated planning and implementation of investment programmes at the Group’s European facilities. Konstantin Lagutin, NLMK Group’s VP for Investment Projects, said:“The new project office will allow us to integrate our European businesses into the unified corporate system, in order to manage NLMK Group’s investment activities whilst increasing the efficiency of project elaboration, development and implementation. This will ...
11 February 2016., 13:00   comment