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  • 2016-02-16 06:00:07
    Mechel started 100-meter rail supplies to Russian Railways
    Mechel reported that supplies of 100-meter R65 DT-350 type rails to Russian Railways have begun. Mechel’s Chelyabinsk Metallurgical Plant has already shipped off the first 12,000-tonne batch to Russian Railways. Chelyabinsk Metallurgical Plant supplies rails as part of a ...
  • 2016-02-15 10:00:05
    Sergey Gnilitsky was appointed as CEO of Olcon
    Severstal has announced the appointment of Sergey Gnilitsky as Chief Executive Officer of Olcon, a fully owned subsidiary of Severstal. Sergey Gnilitsky was previously Director of Mining Plant Management at Olcon. Alexander Popov, formerly CEO of Olcon since 2011, will become CEO of Krasky ...
  • 2016-02-11 10:00:44
    TMK ships a batch of VIT to Gazprom Dobycha Yamburg
    TMK has shipped a batch of vacuum insulated tubing (VIT) to Gazprom Dobycha Yamburg, which develops the Yamburgskoye and Zapolyarnoye oil and gas condensate fields in the Yamal-Nenets Autonomous Area. The shipment included 2,849 linear meters of low-temperature N80-grade 89 mm VIT ...
  • 2016-02-10 06:00:19
    MMK commissioned blast furnace №9 following upgrade
    Magnitogorsk Iron and Steel Works (MMK) announces that it has completed an overhaul of blast furnace №9. The works, which included a technical overhaul of the cast houses, was launched in December 2015. Blast furnace №9 has a working volume of 2,014 m 3 , and is the most powerful ...
  • 2016-02-09 06:00:48
    VSW expanded deliveries from Russian suppliers by 40%
    In 2015, Vyksa Steel Works (VSW, part of OMK) increased deliveries of materials and parts from Russian suppliers by 40%, or 2 billion rubles. “The equipment at the factory’s production facilities comes from a hundred foreign manufacturers. Following the rise in ...
  • 2016-02-08 11:05:23
    NLMK increases its galvanized steel capacity
    NLMK Group has finished hot-testing its continuous hot-dip galvanizing lines - HDG-1 at the Lipetsk production site following upgrades. HDG-1 is expected to reach full capacity (up to 500,000 tonnes per year) in April 2016. The project boosted the line HDG-1 productivity by 30% to ...
  • 2016-02-08 06:00:42
    Проект Томинского ГОКа пройдет независимый аудит
    В рамках выполнения договорённости председателя совета директоров Русской медной компании (РМК) Игоря Алтушкина и губернатора Челябинской области Бориса Дубровского Министерству экологии Челябинской области представлена для проведения независимого экологического аудита документация, ...
  • 2016-02-03 12:15:41
    Norilsk Nickel сreates palladium fund
    Norilsk Nickel announced its decision to establish Global Palladium Fund and set its financing commitment at up to $200 million for potential transactions. Global Palladium Fund is a new initiative aimed at the strategic palladium market. The strategic objective of the Fund is to ...
  • 2016-02-03 06:00:36
    Severstal to invest 43 bullion rubles in 2016
    Severstal announced details of its 2016 capital investment program to support its operational excellence and long-term competitiveness. Severstal plans to invest approximately 43 billion rubles across the business in 2016. This investment will primarily focus on developing key areas of ...
  • 2016-02-02 17:01:26
    MMK’s Mill 5000 sets new production record
    Magnitogorsk Iron and Steel Works (MMK) announced that its thick-plate Mill 5000 established a new output record of 953.3 thousand tonnes of finished products in 2015. The previous record of 943.4 thousand tonnes was set in 2010. The unique thick-plate Mill 5000 was ...
  • 2016-02-01 16:38:59
    Metalloinvest and Aktobe Rail and Section Works signed long-term contract
    Metalloinvest and Aktobe Rail and Section Works in Kazakhstan today announced the signing of a long-term supply contract for rails and structural steel for a three-year period. Under the terms of the agreement, Metalloinvest will deliver approximately 600,000 tons of steel products. ...
  • 2016-01-29 12:41:59
    Chelyabinsk Metallurgical Plant continues to supply Norilsk Nickel with rails
    Chelyabinsk Metallurgical Plant (part of Mechel Group) continues its cooperation with Norilsk Nickel on supplies of rails. The plant has just shipped off this year’s first batch of rails to Norilsk Nickel’s Polar Division, in compliance with a new deal cinched by the two ...
  • 2016-01-25 12:10:59
    Metalloinvest continues to supply pellets to NLMK
    Metalloinvest and Novolipetsk Steel (NLMK) today announced the extension of their existing long-term pellet supply contract until 31 December 2016. The contract was originally signed in 2011. According to the agreed terms, Metalloinvest will supply NLMK with more than 3 million ...
  • 2016-01-19 13:00:27
    In 2015 NLMK Group sold about 16 million tons of steel
    NLMK Group sales in 2015 increased by 5% to a record 15.9 million tons. Production stabilized at 15.9 million tons. Capacity utilization rates at NLMK Group production facilities exceeded 90%. 12M 2015 highlights: · 2015 crude steel output remained ...
  • 2016-01-18 06:00:46
    Rusal changed top managers in Aluminium Division
    Rusal announced a number of senior staff appointments within its Aluminium Division. Evgeny Popov has been appointed as Managing Director of Sayanogorsk Aluminium Smelter (SAZ). Prior to the appointment, Mr Popov worked as Director of Production Department of the Aluminium ...
  • 2016-01-13 17:04:45
    TMK and Rosneft will cooperate in offshore projects
    The leader of the Russian oil industry Rosneft and TMK, one of the world’s largest producers of pipes for the oil and gas industry, have signed a partnership memorandum regarding the implementation of the program of import substitution of pipes for offshore projects. The ...
  • 2016-01-12 16:00:24
    Norilsk Nickel received credit from Chinese banks
    Today Norilsk Nickel (hereafter, Norilsk Nickel or the Company) announced the signing of a 5-year RMB 4.8 billion syndicated revolving credit facility agreement (which equals to 730 million USD as of the date of the agreement). The transaction is arranged by three largest ...
  • 2015-12-30 16:45:03
    TMK completed a deal with VTB
    TMK on December 29, 2015, completed a deal with VTB Bank to raise around 10 billion rubles by selling its shares. Part of the shares will be delivered in the course of 2016. TMK has a right to buy the shares back. The funds will be used to reduce debt by repaying bank loans ...
  • 2015-12-24 17:47:23
    TMK and MMK agree on price formula for steel sheet
    TMK and Magnitogorsk Iron & Steel Works (MMK) signed an agreement to apply a price formula for hot-rolled heavy plate supplied to TMK. The document was signed by Alexander Shiryaev, CEO of TMK, and Pavel Shilyaev, CEO of MMK. The price formula is based on the direct cost ...
  • 2015-12-23 16:50:08
    TMK shippes pipe products with GreenWell for an offshore field
    TMK shipped premium pipe products with lubricant-free coating GreenWell for Lukoil-Nizhnevolzhskneft. The supply included 32 tonnes of 177,8 mm P110-grade casing pipes and pipe nipples with TMK UP PF ET premium connection. Pipes were manufactured at Taganrog Metallurgical Works, pipe nipples ...
  • 2015-12-21 15:41:46
    Rusal announced new sales appointment
    UC Rusal announces the appointment of Chris Evans as Project Director for Price Benchmarking. Chris Evans will be responsible for maintaining the effectiveness of current price discovery mechanisms as well as working with customers to implement alternative pricing options. ...
  • 2015-12-17 16:00:48
    Rusal joins Aluminium Stewardship Initiative
    UC Rusal announced that it has joined the Aluminium Stewardship Initiative (ASI) with a view to take part in developing global sustainability standards for international application in the aluminium value chain. The ASI standards are designed to be applicable to all stages of ...
  • 2015-12-17 06:00:52
    OMK holds successful trials of new pipeline and fitings
    The oil and gas pipelines made at Vyksa Steel Works (VSW, part of United Metallurgical Company, OMK Joint Stock Company, Moscow) and pipeline fittings made at Trubodetal factory (part of OMK) from the company’s own patented 05KhGB steel grade have successfully passed benchmark and ...
  • 2015-12-16 14:20:22
    Norilsk Nickel is to launch new cobalt production
    Kola Mining-and-Metallurgical Company (Norilsk Nickel subsidiary) is at the final stage of mastering the process of premium-grade marketable cobalt production on commercial scale. Voltage was applied across the electrolysis baths at cobalt production section of the nickel tankhouse. The ...
  • 2015-12-16 14:15:28
    NLMK Group improves quality of cold-rolled uncoated steel
    NLMK Group has launched a new strip straightening machine at its Novolipetsk site to improve the surface quality of uncoated cold-rolled steel. The straightening machine improves the geometric parameters of the product by eliminating irregularities at the edges and in the ...
  • 2015-12-03 12:00:04
    MMK increases shipments to foreign carmakers
    Magnitogorks Iron and Steel Works (MMK) is increasing industrial shipments to foreign carmakers with localised production in Russia. Shipment volumes in this segment increased four times year on year in 2015 as a share of MMK’s total shipments of automotive sheet. ...
  • 2015-11-30 05:00:42
    Rusal and PhosAgro launched aluminium fluoride production
    Rusal announced the opening of an aluminium fluoride production plant at PhosAgro-Cherepovets. The new plant will have a production capacity of 43,000 tons per year. Russia’s Deputy Prime Minister Arkady Dvorkovich, Vologda Region Governor Oleg Kuvshinnikov, PhosAgro CEO ...
  • 2015-11-24 16:45:20
    Metalloinvest and Evraz signed long-term agreement
    Metalloinvest and Evraz have signed a five-year agreement based on formula pricing for the supply of steel grinding balls. The products from EVRAZ will be delivered to Mikhailovsky GOK and Lebedinsky GOK, as well as OEMK. Metalloinvest and Evraz have established a long-term ...
  • 2015-11-18 10:00:56
    Severstal to build second ladle furnace at CherMK
    Severstal, one of the world’s leading vertically integrated steel and steel-related mining companies, has begun construction of a second ladle furnace at the company’s flagship Cherepovets Steel Mill. The new furnace will have a capacity of 4.8 million tons. Launch of the ...
  • 2015-11-17 12:22:57
    NLMK Group’s electrical steel wins gold award at Metal-Expo’2015
    NLMK Group received a gold medal at Metal-Expo’2015, the 21st international industry awards for creating a breakthrough technology for the production of dynamo steel used in power engineering. NLMK Group also received a silver medal for its environmental project at the Lipetsk site. ...
  • 2015-11-16 10:00:30
    Severstal begins supplies of rolled steel for Hyundai Solaris front panels
    Severstal has successfully completed its first commercial scale stamping of steel for the mass production of car front panels at Hyundai-KIA. At the beginning of October, front wing panels for mass production of Hyundai Solaris cars were successfully stamped at the Hyundai ...
  • 2015-11-13 17:00:06
    OMK took part in the Metal-Expo 2015
    United Metallurgical Company (OMK) took part in the Metal-Expo 2015 21st International Industrial Exhibition on November 10-13th in Moscow. OMK’s exhibit stand, where over 30 company representatives were working, was designed as a recognizable modern city environment with ...
  • 2015-11-11 06:00:24
    Metalloinvest doubles bridge construction steel shipments
    In the first nine months of 2015, Metalloinvest doubled shipments of rolled steel used in bridge construction to 146,000 tons. Andrey Prosyanik, Director of Domestic Sales of Management Company Metalloinvest, commented: “Metalloinvest is proud to participate in realisation of ...
  • 2015-11-10 15:00:43
    Det.Al Auminium presents its products for Russian consumers
    Azerbaijan-based company Det.Al Auminium presents its products at Metal-Expo’ 2015 , the 21th International Industrial Exhibition, which will be held in Moscow on 10-13 November 2015. Det.Al Auminium is the only Azerbaijan producer of primary aluminum and semi-finished ...
  • 2015-11-10 06:30:30
    NLMK Group to grow HDG output by 11% in 2016
    NLMK Group has begun upgrading one of its continuous hot-dip galvanizing lines - HDG-1 at the Lipetsk production site. The project will boost the line HDG-1 productivity by 30% to 500,000 tonnes per year; and increase Lipetsk site value added manufacturing capacity to produce ...
  • 2015-11-09 06:00:02
    Zagorsky Pipe Plant is about to commission
    In a small town Peresvet (Sergiev Posad district, Moscow region) is currently being completed assembling of the main technological equipment of a new modern plant for the production of large diameter (530-1420 mm) pipes from steels of strength class up to X100 with capacity of 500k tons per ...
  • 2015-11-05 10:00:03
    NLMK Group closed USD 400 million pre-export facility
    NLMK Group, Russia’s leading steel-making company; and one of the most efficient steelmaking companies in the world, has closed a 4-year USD 400 million pre-export loan facility. The facility secured attractive pricing. The company plans to use the proceeds to refinance its short-term ...
  • 2015-11-04 11:08:11
    Metal-Expo'2015 is expected to be busy
    Metal-Expo’2015 , the 21st International Industrial Exhibition, the main event in the steel industry will be held on November 10-13 in Moscow. The exhibition will bring together more than 560 companie s from 32 world countries to exhibit the whole range of ferrous and non-ferrous ...
  • 2015-11-02 10:00:51
    Bystrinsky mining and processing plant is to receive electricity
    Construction of 220kV electrical grid started in Transbaukal Krai to supply Bystrinsky mining and processing plant. Project is implemented on the basis of co-financing with Norilsk Nickel. Foundation works is now under way for 220 kV dual circuit electric transmission line ...
  • 2015-10-27 12:04:43
    SCM запустила сайт о ситуации на предприятиях в зоне боевых действий
    Группа System Capital Management (SCM) запустила в работу ресурс, на котором будет отражаться актуальная информация об активах компании, находящихся в зоне боевых действий на востоке Украины. Ресурс «Активы группы SCM на Донбассе. Текущий статус» ...
  • 2015-10-27 10:00:26
    NLMK closed order book for bond issue for 5 billion roubles
    NLMK closed the order book for its BO-08 exchange bond issues with a value of 5 billion roubles, a maturity period of 10 years, and a put option in 2 years after the date of placement. 29 October 2015 was set as the starting date of the BO-08 series bond placement through ...
  • 2015-10-26 10:03:34
    ChelPipe Group and Gazprom signed cooperation agreement
    ChelPipe Group and Gazprom signed a cooperation agreement for use of natural gas as motor fuel. The memorandum was signed by Aleksey Miller, Chairman of the Management Board, Gazprom, and Alexander Grubman, General Director, ChelPipe Group. The companies agreed on a phased conversion of ...
  • 2015-10-21 13:49:35
    MMK started production of new steel grade
    Magnitogorsk Iron and Steel Works (MMK) has launched the smelting of new steel grade that will be used for the production of long products, in demand machine-building plants. New steel grades output at MMK is carried out in the framework of efforts to expand the assortment of ...
  • 2015-10-16 06:00:06
    NLMK Group risen sales of higher finished products
    In January-September 2015, NLMK Group increased production by 2% y-o-y and sales by 7% y-o-y. Сapacity utilization rates for core steelmaking operations was close to 100%. 9M 2015 highlights: 9M 2015 crude steel output increased to 12.01 million tons (+2% y-o-y), which ...
  • 2015-10-15 11:00:30
    Norilsk Nickel successfully places $1 bullion Eurobonds
    Norilsk Nickel (hereinafter, Norilsk Nickel or the Company) announces today the closing of its $1 billion 7-year Eurobonds offering with an annual coupon rate of 6.625%. The proceeds from the issue will be used for general corporate purposes and capital investments. The offering ...
  • 2015-10-15 06:00:23
    TMK expanded steel pipes shipments in 3Q
    In 9M 2015, TMK shipped a total of 2.934 million tons of steel pipe, down 7.1% y-o-y due to a decrease in sales at the American Division, which was partially offset by increased shipments at the Russian Division, where total shipments increased 9% y-o-y. In 3Q 2015 TMK shipments increased by ...
  • 2015-10-14 15:21:33
    MMK increases steel output
    MMK Group’s overall crude steel output in Q3 2015 totalled 3.141 million tons (+5.8% q-o-q). Overall steelmaking capacity utilisation at the main Magnitogorsk site in Q3 2015 exceeded 83%. Converter production was at 100% capacity, and capacity utilisation of electric arc furnaces ...
  • 2015-10-14 14:47:02
    Rusal creates new technology of alumina production
    Rucal announces that it develops acid technology for alumina production of non-bauxite raw materials. The technology will allow the production of alumina using domestic kaolin clay as a substitution to imported bauxites. The new technology will significantly boost Rusal ...
  • 2015-10-12 18:40:30
    TMK will pay $39.2 million of dividends for 6 months of 2015
    TMK announced that its shareholders duly approved the resolutions proposed at the Extraordinary General Meeting of Shareholders (EGM), which took place on October 12, 2015, in the form of an absentee voting. Shareholders voted to approve interim dividends for the first six ...
  • 2015-10-08 06:00:04
    IMH cuts investment programm by 50%
    Industrial Metallurgical Holding (IMH) announced reducing its capex for 2015 from 9 to 4.6 billion roubles. All scheduled activities within the framework of key investment projects are retained in full. IMH investment program includes completion of a number of large projects, ...
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