News. Russian ferrous metallurgy news

TMK takes part in the 2018 International Offshore Technology Conference

TMK, one of the world’s leading producers of tubular products for the oil and gas industry, has taken part in the 2018 International Offshore Technology Conference (OTC), Houston, USA. At the event, TMK showcased its full range of TMK UP premium threaded connections used in oil and gas wells operating in adverse conditions, including offshore projects, and directional and horizontal drilling. Using an interactive display TMK introduced visitors to its latest technologies, and the entire range ...
05 November 2018., 16:04   comment

Expert RA assigned IMH the ruBBB+ credit rating

RAEX rating agency (Expert RA) has assigned IMH credit rating ruBBB+ with a stable outlook. RAEX in its report notes the Company’s high liquidity level and diversification of sales by geography and customers. The Agency outlines the Company's strong positions on the pig iron and metallurgical coke markets –key sales areas of the group. In addition, the Agency’s report notes that the policy of one of the largest consumers of merchant pig iron – the USA – stimulates growth of pig iron prices, ...
05 November 2018., 16:01   comment

Metalloinvest announces operational results for Q1 2018

Metalloinvest, a leading global iron ore and merchant HBI producer and supplier, and one of the regional producers of high-quality steel, today announces its operational results for the first quarter of 2018. Management comments Andrey Varichev, CEO of Management Company Metalloinvest, commented: "In the first quarter of 2018, Metalloinvest continued the successful implementation of its strategy to increase volumes of value-added products, raising production of pellets, HBI, hot metal and steel. ...
05 April 2018., 15:17   comment

TMK Announces Board Of Directors Decidsions

TMK, one of the world’s leading producers of tubular products for the oil and gas industry, announces that the Board of Directors at its meeting on April 26, 2018 decided to hold an Annual General Meeting of Shareholders (AGM) on June 21, 2018. The record date for the list of shareholders eligible to participate in the AGM is May 28, 2018. TMK's Board of Directors recommended the AGM to approve annual dividends for the full year 2017 of RUB 2.28 per share, amounting to a total of RUB 2,355,548,634.48 ...
05 April 2018., 14:51   comment

MMK invests over RUB 4 bln in environmental programmes in 2017

In 2017, Magnitogorsk Iron and Steel Works invested 4,157.8 million rubles in environmental initiatives. From 2018 to 2025, the Company plans to spend more than 38 billion rubles on environmental protection. In 2017, 2,578 million rubles were invested in the construction and reconstruction of facilities aimed at improving air quality. As a result of the implementation of 31 environmental initiatives, air pollutant emissions were cut by 2,536 tonnes per year. The key projects of the past year ...
05 April 2018., 14:48   comment

OEMK confirms compliance with international standards

OEMK (part of Metalloinvest) has successfully undergone a recertification audit of its Quality Management System for compliance with the international standard ISO 9001:2015. Auditors from TUV SUD Management Service GmbH (Munich, Germany) confirmed that OEMK is in line with the required standards. During the audit of the operations of the Quality Management System, auditors visited the plant's production and secondary departments, inspected the enterprise's documents and assessed its finished ...
04 September 2018., 12:15   comment

MMK continues to improve energy efficiency of production

The total economic effect from the implementation of projects to improve the energy efficiency of production processes at the Magnitogorsk Iron and Steel Works in 2017 amounted to about 1 billion rubles. Work to improve energy efficiency was carried out at all levels of the plant’s industrial site. As in previous years, the Company’s energy conservation and energy efficiency activities were carried out in several directions. One of these is the study and implementation of energy-saving ideas. ...
04 September 2018., 12:13   comment

Alexey Mordashov introduced prospects of business cooperation between the countries of the Northern Dimension region

Alexey Mordashov, Chairman of PAO Severstal, chaired the IX Northern Dimension Forum, which was held on 5 April 2018 in Saint-Petersburg. More than 200 delegates attended the event. The aim of the forum was to boost cooperation between the authorities, business and civil society in the participating countries of the Northern Dimension. This year's focus was on the new economical mindset: innovative management models and business processes. Alexey Mordashov on behalf of the members of the Northern ...
04 September 2018., 12:10   comment

Metalloinvest increases productivity of vacuum degasser at Ural Steel

Ural Steel (part of Metalloinvest) has completed modernisation of the vacuum degasser at the electric arc furnace shop (EAFS), which increased the unit’s capacity by 50% to 1.8 mn tonnes per year. Total investments in the project amounted to RUB 230 mn. The supplier of the equipment was Italian company Danieli. The upgrade of the vacuum degasser included installation of an additional steam ejector vacuum pump. The upgraded vacuum degasser unit allows for higher production volumes of treated ...
27 February 2018., 11:10   comment

NLMK Group launches online voting service for shareholders

NLMK Group, an international steel company, is launching an electronic voting (e-voting) service for its shareholders. The company will hold the first electronic vote in its history during the Extraordinary General Meeting of Shareholders on 12 March 2018, for voting on its new CEO (Chairman of the Management Board). The e-voting service offers shareholders a more convenient method for casting their vote and will contribute to improving the quality of the company’s corporate governance. The ...
27 February 2018., 11:06   comment

TMK Paid Off Eurobonds In The Amount Of US$231 Million

TMK, one of the world’s leading producers of tubular products for the oil and gas industry, announces full redemption of the loan participation notes due in January 2018 (ISIN: XS0585211591) in the total nominal value of US$ 231 million on January 29, 2018. The US$500-million eurobonds with a coupon rate of 7.75% and a 7-year maturity were issued by TMK Capital SA on January 27, 2011 to finance a loan to PAO TMK. Part of the issue in the amount of US$269 million was repurchased earlier under ...
02 February 2018., 14:56   comment

Metalloinvest announces Operational Results for Q4 2017 and FY 2017

Metalloinvest, a leading global iron ore and merchant HBI producer and supplier, and one of the regional producers of high-quality steel, today announces its operational results for the fourth quarter and full year 2017. Iron ore products In Q4 2017, Metalloinvest produced 10.1 mn tonnes of iron ore. In FY 2017, output amounted to 40.3 mn tonnes, a decrease of 1.0% y-o-y, mainly due to a change in the ore mixture In Q4 2017, pellet production amounted to 6.5 mn tonnes. In FY 2017, the Company ...
02 February 2018., 14:51   comment

Severstal announces 2018 capital investment programme

PAO Severstal ("Severstal"; "the Company"), one of the world’s leading vertically integrated steel and steel-related mining companies, today announces its capital investment programme for 2018. Severstal plans to invest approximately 49.5 billion rubles in 2018, focusing on the key areas of the Company’s strategy. This investment will primarily be aimed at further reduction of costs, increasing the production of high-value added products and further improving customer care. As previously announced, ...
02 February 2018., 14:49   comment

TMK Announces FY 2017 And 4Q 2017 Operational Results

The following contains forward looking statements concerning future events. These forward looking statements are based on current information and assumptions of TMK management concerning known and unknown risks and uncertainties. TMK, one of the world’s leading producers of tubular products for the oil and gas industry, announces its operational results for the full year 2017 and the fourth quarter of 2017. FY 2017 Highlights - In 2017, TMK shipped a total of 3,806 thousand tonnes of pipe, up ...
26 January 2018., 15:13   comment

Severstal reports Q4 & FY 2017 operational results

Severstal (MICEX-RTS: CHMF; LSE: SVST), one of the world’s leading vertically integrated steel and steel-related mining companies, today announces its operational results for Q4 2017 & FY 2017. Q4 2017 GROUP HIGHLIGHTS • Hot metal output increased 5% to 2.34 mln tonnes (Q3 2017: 2.23 mln tonnes) compared with the previous quarter, and crude steel production was up 2% at 3.01 mln tonnes (Q3 2017: 2.94 mln tonnes). • Consolidated steel product sales declined 2% to 2.78 mln tonnes compared with ...
26 January 2018., 15:10   comment

MMK Group Trading Update for Q4 and FY 2017

Q4 2017 highlights vs. Q3 2017 MMK Group’s total finished steel product sales in Q4 2017 (excluding intra-group sales) totalled 2,827 thousand tonnes (down 12.5% q-o-q). MMK Group’s HVA steel product sales in Q4 2017 was 1,264 thousand tonnes (down 13.8% q-o-q). The share of HVA products in total output amounted to 44.7%. Production of coal concentrate by MMK Coal in Q4 2017 totalled 760 thousand tonnes (up 15.6% q-o-q). FY 2017 highlights vs. FY 2016 MMK Group’s total finished steel product ...
26 January 2018., 15:07   comment

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