News. Russian ferrous metallurgy news

10 Metal Supply and Sales Issues to be Shipped to Germany

Some time ago Metal Supply and Sales , the leading Russian steel industry journal and the General Information Partner of Metal-Expo event asked its readers to identify a person whose photo was published on the cover page of the January issue of Metal Supply and Sales. By conducting a journalistic investigation Metal Supply and Sales editorial staff found out that the person poring over the data on the note book on his stand at Metal-Expo’2017 is Mr Andreas Bruntsch, Key Account Manager, GMH ...
18 January 2018., 15:56   comment

MMK to build new sinter plant worth RUB 22 bln

Magnitogorsk Iron and Steel Works (MMK) is completing the final preparatory stage of work for the construction of a new sinter plant in Magnitogorsk. The current works include driving piles, laying foundations and installing the metal structures. The installation of the main technological equipment is planned for March 2018. The total capital investment in the complex, which will provide an opportunity to significantly improve the quality of the sintered steel and reduce the environmental impact, ...
18 January 2018., 15:15   comment

High-strength Ural Steel rolled steel meets Russian Maritime Register of Shipping certification requirements

Ural Steel (part of Metalloinvest) has received a certificate confirming the compliance of its heavy plate made from high-strength steel grades. This opens up new opportunities for the Company in the production of high-quality rolled steel products for shipbuilding and expanding its sales market. Earlier, Ural Steel confirmed the compliance with RMRS of its rolled steel products' with normal and increased durability. The experts conducted their assessment based on the RMRS requirements for heavy ...
18 January 2018., 15:13   comment

IMH FY 2017 operational results

Industrial Metallurgical Holding (IMH), one of the world’s leading exporters of merchant pig iron and the leading merchant coke producer in Russia, reports its operational results for FY 2017. Coking coal mined by IMH Coal division in 2017 increased to 2.83 mt., that is 28% more than in 2016 and accounts for the absolute record for the company’s history. This increase was achieved due to the new Tikhova mine and the second stage of Butovskaya mine commissioning in May 2017. That is the result ...
18 January 2018., 15:09   comment

Mechel Reports Results of Ecological Awareness Year

Mechel PAO reports its results in the Ecological Awareness Year announced in Russia in 2017. The Group’s production facilities implemented a series of large-scale projects in a bid to improve the ecological situation in the regions of its production and administrative operations. Those include: Mechel-Coke conducted technical upgrading of its benzene facility in the framework of a cooperation agreement with Russia’s Natural Resources and Environment Ministry, Federal Service for Supervision ...
01 December 2018., 12:05   comment

Metalloinvest announces new PXF deal

Metalloinvest (“the Company”), a leading global iron ore and HBI producer and supplier, and one of the regional producers of high-quality steel, has signed an agreement with a сlub of banks for a USD 240 mn pre-export finance facility (the “PXF-2018”). New PXF has 5-year tenor with a 4-year grace period, interest rate is linked to LIBOR. The purpose of PXF-2018 is to refinance all existing USD-denominated debt of the Company due in 2018–2019 and to improve maturity profile and costs of borrowings. ...
01 December 2018., 12:04   comment

NLMK Group introduces SAP S/4HANA for Industry 4.0 solutions, first in the CIS

NLMK Group, an international steelmaking company with operations in Russia, the USA, and the European Union, is the first steelmaking company in the CIS to introduce new generation SAP S/4HANA business suite. This platform will not only streamline current business processes but also enable the use of cloud, Internet of Things and Machine Learning technologies on an industrial scale without technical upgrade. More than 20 information and production systems of NLMK Group’s Russian and European ...
01 December 2018., 12:01   comment

Severstal launches major new production line for polymer coated rolled steel products at Cherepovets Steel Mill

PAO Severstal, one of the world's leading vertically integrated steelmaking and mining companies, has launched a production line for polymer coated rolled steel products at Cherepovets Steel Mill Metal Coating Workshop number 3 (“MCW#3”). The launch ceremony was attended by Alexey Mordashov, Chairman of Severstal’s board of directors, Alexander Shevelev, CEO of Severstal, Oleg Kuvshinnikov, Governor of the Vologda region, Andrey Lutsenko, Chairman of the Legislative Assembly of the Vologda region, ...
01 December 2018., 11:58   comment

Metalloinvest and OMK summed up their cooperation results for 2017

Metalloinvest and the United Metallurgical Company (“OMK”) held a Coordination Committee meeting dedicated to their performance in 2017 and next year planning. The meeting held at JSC Ural Steel (part of Metalloinvest) was attended by Andrey Prosyanik, the domestic sales director of MC Metalloinvest, Evgeny Maslov, the managing director of JSC Ural Steel, Pavel Stepanov, the director of engineering and technical center of JSC Vyksa Steel Works (VSW), Ivan Monakhov, OMK’s chief analyst, and other ...
25 December 2017., 15:03   comment

Mechel Reports Izhstal Getting Export Loan from Eximbank of Russia

Mechel PAO (MOEX: MTLR; NYSE: MTL), one of the leading Russian mining and metals companies, reports that Mechel Group’s Izhstal PAO and State Specialized Russian Export-Import Bank (joint-stock company) (Eximbank of Russia) (part of the Russian Export Center) signed a loan agreement for financing high-technology product manufacturing for export contracts. Eximbank of Russia AO opened a credit line totaling 3.35 billion rubles for 2.5 years. Financing was made available in the framework of a ...
25 December 2017., 15:01   comment

MMK recognised by The Ministry of Natural Resources and the Environment for its active environmental policy

Magnitogorsk Iron and Steel Works was awarded by Russia’s Ministry of Natural Resources and the Environment for its active environmental protection policy. Government experts awarded MMK top marks for its large scale environmental projects this year. The awards ceremony took place on the 12th December at the Ministry’s Federal Environmental Council in Moscow. MMK’s Director of Occupational Health and Safety and Environmental Protection, Grigory Schurov, received a certificate entitled “Active ...
25 December 2017., 14:59   comment

Alexey Mordashov, Chairman of the Board of Directors, visited the Yakovlevsky mine and granted approval for the development plan of the plant

Alexey Mordashov, the Chairman of the Board of Directors of PAO “Severstal” and the Company’s leadership team visited production departments of the Yakovlevsky mine, and approved next year’s business plan , while meeting employees of the plant. The Chairman and leadership team visited the central control room from where the production management islocated, as well as the new main ventilation system, the headframe No. 1 and the crushing and sizing plant. The business plan of the plant includes ...
25 December 2017., 14:56   comment

NLMK shareholders approve 3Q 2017 dividends and adopt revised versions of statutory documents

At the Extraordinary General Shareholder Meeting (EGM) held on 22nd December, NLMK shareholders approved payment of 3Q’17 dividends of RUB 5.13 per share. The date upon which the shareholders entitled to 3Q’17 dividends will be determined was set as 9th January 2018. 9M’17 dividends will amount to RUB 10.68 per share. At the meeting, the Group’s shareholders also adopted revised versions of the Company’s statutory documents, namely the NLMK Charter, Regulations on the General Shareholders’ Meeting ...
25 December 2017., 14:53   comment

TMK presented new strategy to 2027 at its Capital Markets Day in London

PAO TMK ('TMK' LSE: TMKS) (the “Company”, the “Group”), one of the world's leading producers of tubular products for the oil and gas industry, presented its new ten-year strategy to 2027 and an update on performance at its 5th annual Capital Markets Day in London. The new strategy will reinforce TMK’s position as a leading supplier to the global OCTG market, the dominant supplier to the Russian oil and gas market, a TOP 3 OCTG producer in the U.S. and number 2 globally by financial performance. ...
11 March 2017., 11:25   comment

Mechel Signed Long-Term Coal Supply Contract with Itochu Corporation

Mechel PAO (MOEX: MTLR; NYSE: MTL), a leading Russian mining and metals company, reports signing a framework agreement with a major Japanese universal trading company Itochu Corporation. The agreement stipulates that Mechel is due to supply Itochu Corporation with up to 300,000 tonnes of washed steam coal produced at Southern Kuzbass Coal Company’s New-Olzherasskaya Mine. The price will be determined by mutual agreement without reference to any particular formula. Japan’s major cement and power ...
11 March 2017., 11:21   comment

NLMK ramps up PCI in BF Shop No.2

NLMK Group’s flagship production site, has completed guarantee testing of pulverized coal injection (PCI) technology at Blast Furnace No. 6 (with a capacity of 3.1 million tonnes per year), and at Blast Furnace No. 7 (with a capacity of 4.3 million tonnes per year). Tests confirmed that the equipment has reached design capacity. This technology involves co-injecting natural gas and fine coal particles into the blast furnace, resulting in reduced coke consumption. Replacing expensive raw materials ...
11 March 2017., 11:15   comment

TMK highly appreciated advantages of Metalloinvest’s HBI usage

Dmitry Pumpyanskiy, Chairman of the Board of Directors of TMK, and Alexander Shiryaev, CEO of TMK, have visited Lebedinsky GOK and OEMK (part of Metalloinvest). During the visit, the management team of TMK learned about the production process of hot briquetted iron (HBI). During the visit to OEMK, the TMK delegation was introduced to Metalloinvest's steel production technology using direct reduced iron (DRI) as the primary raw material. Using DRI (chemically identical to HBI), will allow OEMK ...
27 October 2017., 13:04   comment

Severstal announces sale of Dneprometiz

Severstal announces that its subsidiary Cambay Services Ltd has completed the sale of its wholly-owned subsidiary Dealzone Holding Ltd which holds the 98.6% stake in Dneprometiz. Located in Dnepr, Dneprometiz is a Ukrainian business and former subsidiary of Severstal-metiz, the group of companies which unites Severstal’s metalware assets. The sale of Dneprometiz will result in greater efficiency improvements at Severstal-metiz and will further enhance the profitability of the Severstal group. ...
27 October 2017., 12:00   comment

Q3 and 9m 2017 NLMK Group consolidated financial results under IFRS

NLMK Group (MICEX and LSE: NLMK) is pleased to announce a 64% sequential growth in free cash flow in Q3 2017, to $533 m, and a 7% growth in EBITDA to $648 m. Group revenue in Q3 totalled $2.55 bn (flat qoq), driven by higher sales (+1% qoq) and 100% steelmaking capacity utilization rates (+2 p.p. qoq). Q3 EBITDA growth to $648 m (+7% qoq) was driven by the widening of spreads between steel product and raw material prices. 9M EBITDA increased by 31% yoy to $1,869 m, supported by Strategy 2017 ...
27 October 2017., 10:53   comment

Metalloinvest starts pilot operation of concentrate intake facility at Mikhailovsky GOK

Metalloinvest has started pilot operation of the concentrate intake facility at Mikhailovsky GOK. The Company has invested 1.3 bn roubles in the project. The maximum design capacity of the facility is 3.2 mn tonnes of concentrate per year. During the facility’s pilot operation, the Company specialists will adjust the equipment and operating models in order to operate at the design capacity levels. The facility will process the intake and unloading of Lebedinsky GOK’s iron ore concentrate, as ...
20 October 2017., 13:01   comment