Russian ferrous industry 2010 outlook

January
A. Fedorov, co-owner of ChTPZ Group headed the tubular division of the company. After that Sberbank opened the Group lines of credit for 10bn rubles.
Severstal was granted a permission to build a mini-plant in the Saratov region.
MMK shut down all Belon representative offices and branches putting up for sale Listvazhnaya mine (the company managed to sell the mining facility by the end of the year).
S. Makurov was appointed Director General of VIZ-Stal (part of NLMK Group).
President D. Medvedev visited NLMK and Tagmet (part of TMK).
OMK won the tender for supplies of tubes for building of the second branch of Nord Stream pipeline (the supplies share accounted to 25%).
Severstal began to find buyers of Lucchini Piombino, its Italian facility.

February
OMK obtained a EUR 347M loan from a pool of Western banks to build 5000 Merchant Mill.
A. Andrievsky was appointed Director General of Altay-Koks (part of NLMK Group).
External management was imposed at Lomprom (part of Estar Group).
Severstal sold Univerasal Invest 24.99% stake of Arkhangelsk Vtorment.
Mechel Group bought Laminorul Braila for $20M.

March
Mezhegrey-Ugol (part of Evraz Group) was issued a license for development of Mezhegrey coal field in Tyva.
Severstal bought the rest of 20% of Lucchini SpA to become the owner of its 100% stake, launched a #2 blast furnace at CherMK and bought 100% stake of RC Group.
NLMK placed BO-06 bonds for 10bn rubles while Mechel placed BO-02 bonds for 5bn rubles.
OMK bought from ChTPZ the rest of stake of Trubodetal to become its only owner.
Sberbank issued a line of credit for EUR 125M to Vyksa Steel Plant (part of OMK).
Olkon (part of Severstal) was granted a license for prospecting and production of ores at Kurpenpakhk deposit.

April
VneshEconomBank issued Amurmetall a line of credit for 383M rubles.
Intergeo bought a control stake of Colmar.
Berezovsky Electric-Mechanical plant merged with Nizhnie Sergy Hardware and Mechanical Plant was part Mazi-Group (part of NLMK) reorganization program.
A. Kuznetsov was appointed Managing Director of Vysokogorsky Mining and Dressing Plant (part of Evraz Group), whiles. Napolskikh was appointed Managing Director of Vanadium (part of Evraz Group).
S. Ensel was appointed Managing Director of Urals Steel (part of Metalloinvest).
SGV branch in Nizhny Novgorod (part of BSGV) issued Vyksa Steel Works (part of OMK) a 1 year loan for 280M rubles.
Olkon (part of Severstal) was granted the right to prospect deposits the Eastern field of Yuzhny-Kakhozersk deposit for its further iron ore production.
VTB issued lines of credit to Chalyabinsk Electrical and Steel Plant (Part of ChEMK Group) and Pervouralsky Novotrubny Works (part of ChTPZ Group) for $33.5M for 1 year and 1bn rubles for 1 year respectively.
Bank of Moscow signed 3 year credit contracts with Koks (part of Industrial Metallurgical Holding) for the total amount of $100M.
Evraz Group sold Koksovaya (part of Yuzkuzbassugol) to Raspadskaya Koksovaya (part of Raspadskaay).

May
Prime Minister V. Putin ordered to impose a 19.4% antidumping duty on bearing tubes from China.
An external management was imposed at Nytva (part of Estar Group).
V. Larim, a former Director General of Vorkuta Ugol (part of Severstal) was appointed Executive Director of Severstral Resurs (part of Severstal) while S. Efanov, a former Head of Vorkutinskaya mine took over.
HOMOC-Bank issued a 2 year line of credit for 2.5bn rubles to ChTPZ Group.
Lysva Steel Plant (part of Insajur-Avtotrade-TL) shareholders sacked V. Ganazhin, its Director General and appointed Director General his First Deputy O. Gusev.

June
SBK Metall (sister company of Sberbank of Russia) bought 75% stake of Rusvtormet Tsentr (formerly part of MAIR).
Severstal commissioned Shaksna Tubes Shaping Works in the Vologda region.
V. Gagarinov, Staff Managing Director was appointed Managing Director of Sinara Pipe Works.
Belon (part of MMK) announced an intention to sell Lipetsk Steel Structures Plant.
N. Efendiev was appointed Managing Director of Urals Steel (part of Metalloinvest).
A. Buraev, formerly Head of Production Department was appointed new head of NLMK-Sort (part of NLMK Group).
Kostromovskaya mine (a sister company of Belon, part of MMK) won the right develop part of Nikitinsky Deposit.
Ruspolymet commissioned the biggest in capacity in Russia wheels rolling mill.
Federal Antimonopoly Service of the Russian Federation granted a request of Seversk Pipe Works (part of TMK) for buying of 49% stock of TMK-SMS Metallurgycal Service, a joint venture with SMS Demag (the deal has not yet been completed), as well as for Metallresurskomplekt (part of Metallurgical Investment Company) buying of 100% voting stock of Chusovoy Steel Works (part of OMK). After that Metallurgical Investment Company bought from OMK 83.16% stock of Shchelkovsky Metallurgical Works and 10.13% stock of Chusovoy Steel Works.

July
Arzil restarted production (currently under Sberbank management).
S. Chetverikow, formerly TMK- trade House Deputy Director General for External Affairs was appointed Management Director of Sinara Pipe Plant (part of TMK).
I. Zuzin, founder of Mechel Group was appointed Chairman of Mechel Board of Director, E. Mikhel was appointed Mechel Director General. According to the new structure of divisional management, Mechel-Mining headed by B. Nikishichev became responsible for mining, Mechel-Steel headed by A. Deineko became responsible for metallurgical production, Mechel-Ferroalloys headed by G. Ovchinnikov became responsible for ferroalloys production, Mechel-Energo headed by V. Gvozdev became responsible for energy supply, and Mechel-Trans headed by A. Starodubov became responsible for logistics.
Severstal launch Gestamp-Severstal-Kaluga a press-forging production and Severstal-Gonvarri-Kaluga a steel service center in Grabtsevo Industrial Zone, the Kaluga region.
During a visit of the Russian Prime Minister V. Putin to ChTPZ, Vysota 239 a plant for big diameter pipes manufacture was commissioned at the works, while a continuous casting machine was commissioned at Chelyabinsk Iron and Steel Works (part of Mechel Group).
Gazprombank issued Tulachermet (part of Industrial Metallurgical Holding) a line of 3 year credit for 4bn rubles with a possible prolongation up to 5 years.
A sister companies of Evraz Group obtained lines of credit issued by Nordea Bank for the total amount of $404M with a repayment in June 2014.
V. Rashnikov, Chairman of MMK Board of Directors was appointed President of Russian Steel Non-Commercial Partnership.
Abakan Electric Steel Works was commissioned in the Krasnodarsk region.
August
The first ton of iron ore was produced at Kinkano-Sytarsk Dressing Plant (part of Petropavlovsk Group).
A. Levada, formerly Chief Engineer of Chelyabinsk Iron and Steel Works (part of Mechel Group) was appointed Managing Director of Zlatoust Iron and Steel Works (part of Estar Group).
Chelyabinsk Electric Steel Works (part of Chelyabinsk Electric Steel Works Group) bought 74.9% in the authorized capital stock of Ural Promyshlenny – Polyasny Nomer 1 (a sister company of Ural Promyshlenny – Ural Polyasny).
A. Grubman headed Severstal Russian Steel, a Severstal division. He was also appointed Director General of Cherepovets Iron and Steel Works (CherMK). A. Kruchinin who had formerly held those positions was appointed Deputy Director General of Severstal Group.

September
A. Fedorov, formerly head of ChTPZ Group was appointed Director General of Pervouralsky Novotrubny Works (part of ChTPZ Group).
Chelyabinsk Tube-Rolling Mill (part of ChTPZ Group) shut down its sister company ChtpZ-Meta specializing in metal scrap processing.
During a visit of the Russian Prime Minister V. Putin to Izhstal (part of Mechel Group) a new electric steel melting complex with the capacity of 300k tpy was commissioned at the works. Mechel obtained a $471.2M credit issued by BNP Paribas S.A., Gazprombank and UniCredit, for building of rail and beam manufacture mill in security for 20% of Chelyabinsk Iron and Steel Works (part of Mechel Group) stock.
Severstal was granted a license to prospects and develop Tsentraly part of Ulug-Khemsky coal deposit in Tyva.

October
Metkombank issued a 150M rubles nonrevolving line of credit for 1 year to Revyakino Steel-Rolling Mill, Lebedinsky Dressing Plant (part of Metalloinvest) obtained 6bn rubles credit for 2 years issued by Bank of Moscow.
I. Anisimov was appointed Acting Director General of Novolipetsk Iron and Steel Works. A. Korotaev was appointed Direcotr General of Vtorchermet NLMK, a management company of scrap procuring division of NLMK-Sort.
A. Trofimov formerly Deputy Director for Production of Affairs Raspadskaya mine was appointed Director of MUK-96 mine.
Evraz Group won an investment contest for the license to develop of Vostochny, a part of Ulug-Khemsky coal deposit in Tyva.
NLMK bought VMI Recycling Group possessing ferrous and non-ferrous metal scrap collecting and recycling assets.

November
At a coordination meeting of the Ministry of Industry and Trade of the Russian Federation held during Metal-Expo’2010 Russian steel producers discussed main trends in development of the industry for the next 3 years.
Asha Iron and Steel Works shut down the last blast furnace and fully stopped blast furnace steel production which has been started in November 1919.
Russian Prime Minister V. Putin attended the ceremony of commissioning of Iron Ozone 32, an electric steel-melting complex with the capacity of 950k tpy, a new project of Pervouralsky Novotrubny Works (part of ChTPZ Group), he also attended a ceremony of opening of Interkos-IV a stamping components plant of Magnitogorsk Iron and Steel Works located in Kolpino, the Leningrad region.
Evraz Group obtained a $950M structured credit issued by a group of banks with the repayment term 2015.

December
Severstal-Metiz, a group of companies part of Severstal Russian Steel Division reported results of the first stage of Sever-Yug, a large-scale investment project and a new branch of Techi Rus, a steel service center. In addition to that a continuous hot-dip galvanizing aggregate was commissioned in cold-rolling coating plant #1 at Cherepovets Iron and Steel Works (part of Russian Steel Division).
Vneshekonombank invested around 2.2bn rubles in development of Amurmetall.
Evrazruda (part of Evraz Group) won a contest for the license to develop 2 fields of Izygsky iron ore deposit.
Evraz Group bought 100% stock of Cassar World Investments Corp. controlling 99.9% of INPROM stock. After that the establishing of the largest in the CIS united steel trader incorporating INPROM and EvrazMetall assets was announced.
TMK and Rosnano signed an agreement on establishing of a plant for high quality tubes manufacture with the use of nanotechnologies on a base of Sinara Pipe Works.
Severstal-Metiz agreed with Lincoln Electric Holdings on sales of 100% of Severstal-Metiz: Welding Materials.