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  • 2017-04-07 14:13:57
    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 ...
  • 2017-04-05 13:00:55
    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 ...
  • 2017-04-03 17:00:03
    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. ...
  • 2017-02-21 12:00:16
    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 ...
  • 2017-02-20 16:00:50
    S&P revised its outlook on Metalloinvest
    Metalloinvest has announced that Standard & Poor’s Ratings Services (S&P) has revised its outlook on Metalloinvest from Negative to Stable. S&P also affirmed the Company’s ‘BB’ long-term corporate credit rating. According to S&P’s ...
  • 2017-02-17 12:15:19
    ChelPipe Group sold over 1.7 million tons of pipes
    In 2016, Chelyabinsk Pipe-Rolling and Pervouralsk New Pipe Plants - the pipe division of ChelPipe Group - shipped 1.713 million tons of pipes to consumers, which is 15% less than the volume of 2015 (-306 thousand tons). The volume decline was driven by changes in shipment schedules for ...
  • 2017-02-13 11:30:01
    Metalloinvest announces loan agreement extension
    Metalloinves today announces the signing of an additional loan agreement with ING Bank. According to the terms of the agreement, the ING Bank has increased the limit of the Company’s revolving credit line from $100 mln to $150 mln and extended the duration of the loan by ...
  • 2017-02-10 17:00:27
    MMK plans annual general meeting of shareholders in May
    Magnitogorsk Iron and Steel Works (MMK) has announced that MMK Board of Directors held a meeting today, on 10 February 2017. The Board has approved 26 May 2017 as the date for the Annual General Meeting of Shareholders (AGM) of the Company. The cut-off date for inclusion in the ...
  • 2017-02-09 13:00:12
    ChelPipe completes second bond issue
    Chelyabinsk Pipe plant (ChelPipe) has announces the successful conclusion of book-building for the company’s second issue of exchange-traded bonds (BO series 001P-02) in a total nominal volume of 5 billion rubles, placed under the program. The exchange-traded bonds are ...
  • 2017-02-08 14:00:11
    Rusal is preparing to issue Panda bonds
    Rusal has announced that it has registered its prospectus for a Renminbi denominated bonds issue (Panda bonds), totaling up to 10 billion yuan ($1.5 billion) with a tenor of 7 years. Rusal becomes the first overseas company with global operations outside of China that is ...
  • 2017-02-08 06:00:50
    Ural Steel is launching a new product
    Ural Steel (part of Metalloinvest) is launching a new product, the slag pot. The first trial version of a slag pot for the Ural Steel pig iron facility was cast in June 2016 at the modular casting unit in the enterprise machine shop. Over seven months of use, the slag pot has withstood over ...
  • 2017-02-07 06:00:46
    NLMK USA re-starts galvanize line 2 at Sharon Coating
    NLMK USA, NLMK Group’s US-based Division, has re-started its #2 hot-dip galvanizing line in February 2017. The line, which is located at Sharon Coating in Pennsylvania, has a capacity of approximately 226,000 metric tonnes per year. With the re-launch of the second line, Sharon ...
  • 2017-02-06 06:00:20
    Severstal plans new investments
    Severstal announced details of its 2017 capital investment program, which highlights its operational excellence and long-term competitiveness. In 2017, Severstal plans to invest approximately 43 billion roubles across the business. This investment will primarily focus on developing key ...
  • 2017-02-03 11:32:58
    Steellion проверил кровельный пирог на огнестойкость
    Компания Steellion совместно с компанией турецкой компанией Ant Yapi провела испытания кровельного пирога на основании профнастила Н126-978 в ЦСИ «Огнестойкость», сообщает пресс-служба компании. Испытания показали, что предел огнестойкости образцов конструкции ...
  • 2017-02-03 06:00:40
    MMK ships record volume of galvanized steel
    Magnitogorsk Iron and Steel Works (MMK) shipped 1,135 million tonnes of galvanized steel to its consumers in 2016, the most in the Company’s history. The previous record of 1,116 million tonnes was achieved in 2014. During the past 15 years, MMK has sustainably grown its ...
  • 2017-02-02 19:00:28
    Rusal completes debut Eurobond offering
    Rusal has completed the debut offering of Eurobond with the following key terms: principal amount of $600 million, tenor 5 years, coupon rate 5.125% per annum. The bond proceeds will be used to refinance some of Rusal’s existing pre-export finance facility and improve the Company debt ...
  • 2017-02-02 12:00:22
    Severstal reported 2016 financial results
    Severstal has announced its financial results for the 2016. According to its press release, Severstal’s revenue decreased 7.5% year-on-year to $5,916 million (2015: $6,396 million) primarily reflecting a substantial decline in average steel selling prices at the beginning of 2016, as ...
  • 2017-02-01 10:00:37
    MMK celebrates 85th anniversary
    Magnitogorsk Iron and Steel Works (MMK) today celebrates the 85th anniversary of the launch of its Magnitogorsk mill. On 1 February 1932 the mill’s first blast-furnace produced its first batch of pig iron. This date has come to be celebrated as marking the launch of MMK – one of ...
  • 2017-02-01 06:00:01
    In 2016 Norilsk Nickel produced 236,000 tonnes of nickel
    Norilsk Nickel has announce preliminary consolidated production results for the fourth quarter and full year of 2016 as well as its production outlook for full year 2017. 4Q16 consolidated nickel production amounted to 58,000 tonnes increasing 5% quarter-on-quarter (q-o-q). Nickel ...
  • 2017-01-31 10:30:12
    Nord Gold continues to maximize shareholder value
    Nord Gold acknowledges recent speculation regarding a possible delisting of the Company's global depositary receipts from the Official List and the London Stock Exchange. The Board of Directors continues to consider options for maximising shareholder value, including a ...
  • 2017-01-30 11:00:13
    Metalloinvest expanded iron ore and crude steel production
    Metalloinvest has announcesd its operational results for the full year 2016. In 2016, Metalloinvest increased iron ore output by 3.1% y-o-y to 40.7 mn tonnes. In Q4 2016, the Company increased iron ore production1 to 10.3 mn tonnes, 4.0% higher q-o-q. Annual pellet output ...
  • 2017-01-27 11:00:36
    Rusal prices $600 million debut Eurobond
    Rusal has announced the successful pricing of a debut Eurobond transaction with the following key parameters: size US$600mln, maturity 5 years, coupon 5.125%. Proceeds of the issuance are planned to be used for refinancing of the Company’s current indebtedness. Vladislav ...
  • 2017-01-26 12:00:30
    MMK grew of output steel and its products
    MMK Group’s total crude steel output in 2016 totalled 12,544 thousand tonnes (up 2.5% y-o-y). Overall steelmaking capacity utilisation at the main Magnitogorsk site (subject to maintenance schedule) amounted to 89% (from 84% in FY 2015). MMK Group’s total finished steel ...
  • 2017-01-26 10:05:57
    In 2016 Nord Gold produced 868.8 koz of gold
    Nord Gold has announced its operating results for 12 months ended 31 December 2016. 2016 refined gold production of 868.8 thousand gold equivalent ounces (koz), in line with the full year production guidance range of 840-880 koz. 2016 gold doré production was 870.4 ...
  • 2017-01-25 12:00:39
    Norilsk Nickel sales 39.32% stake in Bystrinskiy project
    The Board of Directors of Norilsk Nickel has approved the sale of an up to 39.32% stake in the Bystrinskiy project to CIS Natural Resources Fund, a Russia-focused natural resources fund established by Interros Group and ESN Group. As a basis for this transaction, the project is ...
  • 2017-01-24 06:00:53
    Metalloinvest and OMK sign long-term contract
    Metalloinvest and United Metallurgical Company (OMK) have signed a long-term contract for the supply of steel billets for the production of seamless railway wheels. Round cast billets with a diameter of 455mm will be produced at Ural Steel, part of Metalloinvest, and will be ...
  • 2017-01-23 18:00:02
    MMK’s largest mill sets new record
    Magnitogorsk Iron and Steel Works (MMK, or the Company) produced 5,948 thousand tonnes of metal at its hot-rolled products Mill 2000 in 2016 – the all-time record for annual output since the mill was commissioned. This achievement marks the third record-breaking year in a row for the ...
  • 2017-01-23 11:10:02
    Severstal sales Redaelli Tecna
    Severstal has announced that its subsidiary, Severstal – Metiz, Severstal’s international metal ware manufacturer, has entered into a definitive agreement with Teufelberger Wirerope, a leading international metal wire ropes producer based in Austria, for the sale of ...
  • 2017-01-20 11:00:58
    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 ...
  • 2017-01-19 10:30:00
    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 ...
  • 2017-01-18 12:00:12
    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 ...
  • 2017-01-18 11:00:31
    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, ...
  • 2017-01-13 12:00:15
    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, ...
  • 2017-01-11 12:00:35
    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 ...
  • 2017-01-11 10:00:56
    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, ...
  • 2017-01-09 06:00:06
    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 ...
  • 2017-01-04 06:00:46
    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 ...
  • 2016-12-29 10:04:57
    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. ...
  • 2016-12-28 17:30:07
    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 ...
  • 2016-12-26 15:11:35
    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 ...
  • 2016-12-21 06:00:30
    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 ...
  • 2016-12-20 14:14:29
    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 ...
  • 2016-11-22 12:07:32
    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 ...
  • 2016-11-11 17:10:54
    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 ...
  • 2016-11-07 14:05:54
    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” ...
  • 2016-11-02 15:00:38
    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 ...
  • 2016-11-02 13:00:11
    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 ...
  • 2016-10-31 06:00:09
    Rusal announces an organizational change within sales
    Rusal has announces an organizational change within Rusal Marketing creating a new position of Export Sales Director. Effective 01 November 2016, Bob Katsiouleris is appointed as Export Sales Director reporting to Steve Hodgson, Rusal’s Sales & Marketing Director. ...
  • 2016-10-28 10:00:31
    SAZ launches the first RA-550 cell
    Rusal announced the launch of the first RA-550 pot of new generation running at over 550 kA at the Sayanogorsk aluminium smelter (SAZ) as part of a $28 mln project. The key benefit of the new pots is their energy efficiency. A RA-550 cell consumes around 12 kW*h/kg of ...
  • 2016-10-26 17:30:03
    Rusal files a request for arbitration against Ukraine
    Rusal announced that on 25 October 2016 two of its subsidiaries, Emergofin and Velbay Holdings filed a request for arbitration against Ukraine pursuant to Article 36 of the Convention on the Settlement of Investment Disputes between States and Nationals of Other States and Article 9 of the ...
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