Metallurgy news

Agnes Ritter elected to Board of Directors

PAO Severstal (LSE: SVST;MICEX-RTS: CHMF), one the world’s largest vertically integrated steel and mining companies, announces the results of voting following an extraordinary general meeting of shareholders held on 14 September 2018. Severstal's shareholders approved the payment of a dividend of 45.94 rubles per share for the three months ended 30 June 2018. The record date for this dividend payment is 25 September 2018. At the EGM, Agnes Ritter, Technical Director of AO Severstal Management, ...
14 September 2018., 16:58   comment

MMK to help develop standards for technology and innovation

Magnitogorsk Iron and Steel Works will take part in the Expert Group for the Development in Russia of Standards for the Implementation of Technology and Innovation. A unified methodology will increase demand for Russian technology and help boost Russian companies’ competitiveness. The Standards will constitute recommendations on working with external innovations, along with other measures aimed at making large companies more efficient and creating a supportive business environment for new technologies ...
14 September 2018., 16:47   comment

Severstal, RUSNANO and Windar Renovables to manufacture wind turbine towers in Russia

PAO Severstal, RUSNANO and Windar Renovables have concluded an agreement to create a joint venture, WRS Bashni, LLC, to produce steel towers for wind-driven power plants (WDPP). The renewable energy products, which will be the first of their kind in Russia, will be built in the Rostov Region. The wind energy equipment will be installed as part of a government programme to develop and stimulate the generation of renewable energy sources in Russia (RES). During the first stage, total investment ...
14 September 2018., 16:41   comment

Start of construction of Udokan Mining and Metallurgical Plant

Governor of Zabaikalye Region Natalya Zhdanova, Chairman of the Board of Directors of Baikal Mining Company Valery Kazikaev and General Director of Baikal Mining Company Yury Ryabov solemnly declared start of construction of Udokan Mining and Metallurgical Plant. A memorial stone was placed at the construction ground level, with embedded special case containing a letter to succeeding generations. Chairman of the Board of Directors of Baikal Mining Company Valery Kazikaev pointed out that Udokan ...
09 July 2018., 16:36   comment

MMK’s most productive mill continues to beat records

Magnitogorsk Iron and Steel Works’ (MMK) hot-rolling mill 2000 produced 527,955 tonnes of rolled metal in July 2018, a new monthly record for this unit. The previous record of monthly output of hot-rolled steel was achieved by MMK’s most productive rolling unit quite recently: in May the mill produced 527,505 tonnes of product. The unit, commissioned in 1994, is one of the most powerful in Russia. It is located within MMK’s sheet rolling shop No. 10 (LPTS-10). In the middle of the 2000s, the ...
09 July 2018., 16:33   comment

Dmitry Furmanov appointed General Director of NLMK Ural

NLMK Group, an international steel company, is pleased to announce the appointment of Dmitry Furmanov as General Director of NLMK Ural, one of the leading manufacturers of square billet, rebar and wire rod in Russia. Dmitry Furmanov’s appointment is effective September 1, 2018. In addition to managing the company’s operations, in his new capacity Dmitry will be responsible for the further improvement of operational efficiency and execution of the new cycle of NLMK Group’s strategy. In this role ...
09 July 2018., 16:31   comment

Metalloinvest and OMK improve quality of railway wheel billets

Metalloinvest and United Metallurgical Company (OMK) have held the latest meeting of the two companies' Coordination Committee. The production and supply of steel concast billets from Ural Steel for the production of railway wheels at Vyksa Steel Works (part of OMK) was discussed at the meeting. Andrey Prosyanik, Director of Domestic Sales at Management Company Metalloinvest, Igor Sich, Steel Product Sales Director of Management Company Metalloinvest, Evgeny Maslov, Managing Director of JSC ...
09 July 2018., 16:29   comment

Severstal becomes Russia’s first manufacturer of damping steel

PJSC Severstal, one of the world's leading vertically integrated steel and mining companies, presented a new vibration and sound absorbing damping steel, 01U5T, during a techno-breakfast organized by the All-Russian Society of Inventors and Innovators (ARSII). The event attracted entrepreneurs and investors focused on innovative industries as well as industry representatives keen to discuss product and technology innovation. Severstal specialists presented samples of the new product, demonstrating ...
09 July 2018., 16:27   comment

Таганрогский морской порт подвел итоги реализации экологической программы

В I полугодии 2018 г. на реализацию экологической программы Таганрогского морского торгового порта (ТагМТП, входит в UCL Holding) перечислено 2,7 млн руб. В отчетный период для защиты водных ресурсов от возможных загрязнений ТагМТП осуществил контроль состояния прибрежной зоны, выполнил бактериологический анализ и мониторинг качества морской воды. Компания также обеспечила постоянную готовность сил и средств реагирования на чрезвычайные ситуации в случае аварийного разлива нефтепродуктов. В ...
28 August 2018., 11:58   comment

NLMK Board of Directors recommends dividends for Q2 2018

At a meeting held on 31 July 2018, NLMK Group’s (LSE: NLMK) Board of Directors recommended the Company’s shareholders approve payment of Q2’18 dividends of RUB 5.24 per share at the upcoming Extraordinary General Shareholder Meeting (EGM) which will be held on 28 September 2018. NLMK Group’s Board of Directors recommended NLMK shareholders approve Q2’18 dividends of RUB 5.24 per share, which is equivalent to approximately 100% of the Company’s average free cash flow and net income based on its ...
28 August 2018., 10:43   comment

Severstal will cut emissions with its reconstruction of coke oven battery No. 4

PJSC Severstal, one of the world's leading vertically integrated steel and mining companies, will reduce its emissions to the atmosphere by almost 700 tons per year during the reconstruction of coke oven battery No. 4 (KB-4) at the Cherepovets Metallurgical Plant (CherMK). The project, with a total cost of approximately 6 billion rubles, will significantly reduce the coke oven battery’s environmental load. While increasing annual coke production from battery No. 4 from 420 to 460 thousand tons, ...
28 August 2018., 10:39   comment

Mechel reports 1H2018 operational results

Mechel PAO’s Chief Executive Officer Oleg Korzhov commented on the 1H2018 operational results: “Renewal of mining equipment at Mechel’s coal facilities enabled us to attain stable mining levels and we plan to maintain this work pace until this year’s end. The decrease in mining volumes was due to a decline in thermal coal mining and re-orienting our facilities to focus on coking coals. Thermal coal production increased only in Elgaugol due to an overall mining growth, so we expanded the geography ...
22 August 2018., 12:03   comment

Metalloinvest and ChelPipe Group to create collaborative centre for development of new steel grades for large diameter pipes

Metalloinvest, a leading global iron ore and merchant HBI producer and supplier, and one of the regional producers of high-quality steel, has agreed to create a collaborative scientific and engineering centre with ChelPipe Group. Technical specialists from Metalloinvest and ChelPipe Group will work together at the centre to develop new steel grades and improve the quality of steel products. The decision to create the centre was taken during the coordination meeting between Metalloinvest and ...
08 January 2018., 14:49   comment

Stoilensky produces its 10-millionth tonne of pellets

Stoilensky, part of NLMK Group, an international steelmaking company, has produced its ten-millionth tonne of pellets at its pelletizing plant, one of the largest in Europe. Launched in November 2016, the pelletizing plant was able to reach design capacity of 6 million tonnes of pellets per year in 6 months and continues to go from strength to strength. In 2018, the plant plans to produce 6.4 million tonnes of pellets for use in blast furnace operations at NLMK Lipetsk. Sergey Napolskikh, Stoilensky ...
08 January 2018., 14:47   comment

Vorkutaugol launches low-ash concentrate

AO Vorkutaugol, one of Russia’s largest coal mining companies, a subsidiary of Severstal, has successfully completed an experiment at Pechorskaya Concentrating Mill to improve the quality of its coal concentrate. The improved finished product is already being shipped to Cherepovets Steel Mill (CherMK). The potential financial benefit of this project is estimated at 1 billion roubles per year. The project to reduce the ash content in coal concentrate was launched by the Mill’s expert team in ...
08 January 2018., 14:44   comment

Metalloinvest opens a warehouse for finished products at OEMK

Metalloinvest today announces that OEMK, which is part of Metalloinvest, has opened a warehouse for the storage and shipment of finished products. This will enable OEMK to increase production of rolled steel products, including high-quality rolled steel (SBQ), by 60,000 tonnes per year. The Company invested approximately 320 mn RUB in the construction of the warehouse. The building consists of two aisles 168m long and 30m wide, with an organised unloading bay from a railway track platform in ...
25 July 2018., 14:30   comment

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