News. Russian ferrous metallurgy news

Mechel Reports Court Decision’s Entry into Force

Mechel PAO (MOEX: MTLR; NYSE: MTL), a leading Russian mining and metals company, reports a court decision that may have an impact on the value of Mechel PAO’s shares. According to court information, the Fifteenth Arbitration Court of Appeal left unchanged the decision to charge Mechel PAO jointly with other respondent parties a sum of 12.7 billion rubles to recover Rostov Electrometallurgical Plant OOO’s damages. The lawsuit was based on the claim that Mechel jointly with other respondent parties ...
15 September 2017., 15:23   comment

MMK Trading House posts record-breaking sales

MMK Trading House, a part of Magnitogorsk Iron and Steel Works ("MMK") Group, reports sales of 840,000 tonnes of products for the first eight months of 2017, up 14% year-on-year. In August 2017, the company set a new record in monthly sales – shipping more than 145,000 tonnes of metal, metalware, and profiled metal. Warehouse sales grew thanks to optimised warehouse logistics and increase in sales to end customers. Strong results were in particular demonstrated by the company’s production facility ...
15 September 2017., 15:21   comment

NLMK Group opens sales office in Turkey

NLMK Group, an international steelmaking company with operations in Russia, Europe and the USA, is pleased to announce the opening of NLMK Turkey, its sales office in Turkey. As part of Strategy 2017, NLMK Group is focusing its sales in key markets, including Turkey, that accounts for up to 20% of the Group’s export. The opening of NLMK Turkey will enable NLMK to improve the quality of customer service and develop its direct sales. Mr. Cengiz Argat has been representing the interests of NLMK ...
15 September 2017., 15:16   comment

Lighting at three Metalloinvest enterprises becomes 70% more energy efficient

Philips Lighting has modernised the lighting systems at OEMK, Lebedinsky GOK and Mikhailovsky GOK, which will enable Metalloinvest to save over 30.5 mn kWh per year. Philips Lighting, a leader in global lighting solutions, has completed the first stage of large-scale renovation work on the lighting systems at three Metalloinvest enterprises: OEMK, Lebedinsky GOK and Mikhailovsky GOK. As part of the project, ready-made lighting systems have been installed at a total of 17 production facilities. ...
15 September 2017., 14:50   comment

MMK invests RUB 1.64 bln in environmental protection activities in 1H 2017

PJSC Magnitogorsk Iron and Steel Works ("MMK") invested RUB 1.64 bln in renovating and building new environmental facilities in the first six months of 2017. The initiatives are part of the MMK annual environmental program designed to minimise the impact of production facility and unit operations on the environment. Most projects implemented by MMK as part of the programme use the best available technologies ensuring world-class performance. Recently, the reconstruction of the sulphur collection ...
09 August 2017., 11:44   comment

Metalloinvest discusses freight transport partnership opportunities

A meeting has taken place at Lebedinsky GOK (part of Metalloinvest) to discuss Metalloinvest enterprises' partnership with the rolling stock operating company New Forwarding Company (part of Globaltrans Group), specifically focusing on issues relating to freight transport organisation in the current year, as well as from 2018-2019. Participants in the meeting included: representatives of Management Company Metalloinvest, Lebedinsky GOK, Mikhailovsky GOK, OEMK, Ural Steel and Ural Scrap Company, ...
09 August 2017., 11:40   comment

NLMK Group starts briquetting plant construction in Lipetsk

NLMK Group, an international steelmaking company with operations in Russia, the USA and the European Union, has embarked on the construction of a briquetting plant at its Lipetsk production site, a new production of steelmaking briquettes with a capacity of 700,000 tonnes per year. The project will create about 200 new jobs, and will enable NLMK to source raw materials for blast furnaces from blast furnace (BF) waste, to cut pig iron production costs, and to reduce its environmental footprint. ...
09 August 2017., 11:32   comment

EVRAZ NTMK has shipped a lot of new design railway wheels to Deutsche Bahn

EVRAZ NTMK has for the first time shipped a lot of 240 BA220 passenger railway wheels to Deutsche Bahn, the largest German operator. BA220 railway wheels is a new product for the Mill. The wheels are manufactured with ER7 steel grade and demonstrate rim hardness of 235 HB and above; wheel diameter is 920 mm. Following the customer’s request the wheels are coated with a special detector paint that changes the color if the wheel is heated to critical temperature in operation. Heating may evidence ...
24 August 2017., 12:11   comment

NLMK Group expands Stoilensky’s beneficiation capacities

NLMK Group, an international steelmaking company with operations in Russia, the USA, and the European Union, is embarking on the second stage of its project to implement High Pressure Grinding Rolls (HPGR) technology at the Stoilensky beneficiation plant, NLMK Mining Division core asset. Four HPGRs were installed in 2016 at two of the four sections of the beneficiation plant. The HPGR technology, unparalleled in Russia, has delivered a 12.5% increase in the processing capacity of each upgraded ...
17 August 2017., 14:27   comment

Metalloinvest signs long-term contract with Severstal to supply iron ore concentrate

Metalloinvest and Severstal have signed a new long-term contract for the supply of 1.8 mn tonnes of iron ore concentrate, valid until 30 June 2018. Deliveries will be made from Lebedinsky GOK (part of Metalloinvest). The contract also covers the supply of dry iron ore concentrate in the winter. Pricing will be determined through a formula based on market indicators for iron ore prices in both global and domestic markets. Nazim Efendiev, First Deputy CEO, Head of Sales, Management Company Metalloinvest, ...
17 August 2017., 13:51   comment

ChelPipe Group announces financial results as of H1 2017 in accordance with IFRS

Chelyabinsk Pipe-Rolling Plant Public Joint-Stock Company (ChelPipe PJSC), a leading Russian manufacturer of pipe products and provider of integrated solutions for companies of the fuel and energy complex, announces its consolidated financial results for the six months ending June 30, 2017, in accordance with International Financial Reporting Standards (IFRS). Sales: The total sales of pipe products in H1 2017 were equal to 977,000 tonnes, 12% higher than the volumes of the same period in 2016 ...
17 August 2017., 13:36   comment

Metalloinvest signs long-term contracts with Mechel for supply of iron ore products

Metalloinvest and Chelyabinsk Metallurgical Plant (part of Mechel) have signed long-term contracts for the delivery of approximately 1.6 mn tonnes of iron ore and pellets. The contract stipulates that Mikhailovsky GOK (part of Metalloinvest) will supply 0.6 mn tonnes of pellets and 1 mn tonnes of iron ore concentrate and sintering ore to Chelyabinsk Metallurgical Plant before 30 June 2018. Pricing will be determined through a formula based on market indicators for iron ore prices in both global ...
08 November 2017., 13:21   comment

Severstal develops biggest Data Lake in Russian industry

PAO Severstal, one of the world’s leading steel and steel-related mining companies, announces that it has created a hybrid Data Lake as part of its digital strategy to secure the Company’s competitive advantages in the long-term. The infrastructure is designed to store Company functional data files for subsequent processing and use in Severstal’s data analysis, machine learning and artificial intelligence projects. The hybrid architecture of the storage will combine two data storage models – ...
08 November 2017., 10:09   comment

Metalloinvest signs long-term contracts with Evraz for supply of iron ore products

Metalloinvest and Evraz have signed new long-term contracts for the supply of 3.4 mn tonnes of iron ore and pellets. The contracts stipulate that Mikhailovsky GOK (part of Metalloinvest) will supply Evraz with 1.6 mn tonnes of pellets and 1.8 mn tonnes of iron ore concentrate before 30 June 2018. Nazim Efendiev, First Deputy CEO, Sales Director, Management Company Metalloinvest, commented: “Supplying high-quality iron ore products to Russian steel companies on long-term contracts is a permanent ...
08 July 2017., 17:00   comment

TMK launches production of casing pipe with unique TMK up threaded connections

TMK, one of the world’s leading producers of tubular products for the oil and gas industry, has become the first Russian manufacturer to start the production of casing pipe with unique TMK UP CENTUM threaded connections. TMK is currently the only manufacturer of pipe with such connections. The Company shipped the first batch of the new product to NOVATEK’s Arctic LNG 2 project. The pipes were successfully sunk at the Salmanovskoye (Utrenneye) oil and gas condensate field with the involvement ...
08 July 2017., 15:59   comment

NLMK mining company adopts predictive process management

Stoilensky (an NLMK Group company, core asset of NLMK Mining Division) has embarked on the implementation of a predictive management system for ore crushing and beneficiation processes. In the long run, this will enable an increase in the efficiency of the beneficiation equipment to 400,000 tonnes of concentrate per year. Twenty units of the beneficiation plant operate to obtain iron ore concentrate from ore. An information management system, one of its kind in the Russian mining sector, gathers ...
08 July 2017., 15:48   comment

Metalloinvest launches one of largest hot briquetted iron production facility in world

Metalloinvest has launched its third hot briquetted iron production facility (HBI-3 Plant) at Lebedinsky GOK in Gubkin, Belgorod region. The plant is the largest HBI production facility in Russia and one of the biggest in the world. Participants in the official launch ceremony for HBI-3 Plant included: Vladimir Putin, President of the Russian Federation; Denis Manturov, Minister of Industry and Trade of the Russian Federation; Alexander Beglov, Plenipotentiary Representative of the President ...
17 July 2017., 11:30   comment

ТМК to Launch the First Russian Internet Platform for Tubes Products

Reported by TMK press service, TMK eTrade, the first Russian internet shop for tubes products is now under beta testing. Expectedly, the system will be in full operation on 1 September. The internet shop provides TMK customer an opportunity to make a quick order for products by any of the four Russian producers, part of the TMK group. Thus, the customer will be able to buy the product in a minute at any time and any place and get electronic papers not wasting time on long negotiations with the ...
07 April 2017., 17:30   comment

Zagorsk Pipe Plant and POSCO Become Partners

Reportedly, Zagorsk Pipe Plant and POSCO (South Korea) became strategic partners. Both companies signed a cooperation agreement on supplies of steel flats from South Korea and for pipes manufacture at Zagorsk. The decision to sign the cooperation agreement with POSCO was made after the supply of 10 000t of X70 grade steel sheets in March-April 2017. The quality of the South Korean steel is highly evaluated in Zagorsk. Logistics risks related to supplies of steel sheets from the Far East are ...
07 April 2017., 17:25   comment

Mechel to Pay 1.4bn Rubles Preferred Shares Dividends

On the annual meeting Mechel share holders made a decision to pay 1.426bn rubles as preferred shares dividends for 2016 (10.28 rubles per a share). Thus, the company will allocate 20% of its profit for 2016 as preferred shares dividends. Common shares dividends will not be paid. According to IRFS, for the first time since 2011 Mechel has received 7.1 bn rubles profit. Before that Mechel paid dividends in 2011: 31.28 and 8.06 rubles on the preferred and the common share respectively.
07 April 2017., 17:22   comment