News. Russian ferrous metallurgy news. January

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

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