Metallurgy news

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  • 2014-05-15 14:31:02
    NLMK TO SUPPLY PRE-PAINTED STEEL FOR SAMSUNG WHITE GOODS PRODUCTION IN KALUGA
    NLMK Group, a leading producer of steel and high-value added rolled products in Russia, has commenced supplies of pre-painted steel for production of ’white goods‘ by Korean conglomerate Samsung at their facility in Kaluga region. NLMK is entering the niche ...
  • 2014-05-15 11:11:17
    Norilsk Niclel signed credit facility agreement with ING Commerical Banking
    Norilsk Nickel (further, Norilsk Nickel or the Company) announces the signing of a US$ 200 million 5-year bilateral unsecured facility agreement with bullet repayment at maturity with ING Commercial Banking in Russia. The proceeds will be used for general corporate purposes and as a ...
  • 2014-05-06 15:55:14
    UMMC and Gindre formed a joint venture
    UMMC-Non-Ferrous Metals, a subsidiary of Ural Mining and Metallurgical Company (UMMC) and Gindre Duchavany, a subsidiary of the Gindre Group, formed a joint venture on Kolchuginsk Non-Ferrous Metals Plant (Vladimir region). The new joint venture will produce conductors intended to ...
  • 2014-05-06 10:52:16
    KUZOCM boosted sales
    In the first quarter of 2014 Kamensk-Uralsky Non-Ferrous Processing Plant (KUZOCM) increased of sales of products up to 1,021 tons which is 20.7 % more than in the same period in 2013. In the total sales of the largest share still belongs to the brass rolled products - 52.1%, whereas ...
  • 2014-04-28 13:09:06
    NLMK and Posco Engineering & Construction enter into cooperation agreement
    NLMK Group and Posco Engineering & Construction have singed a general agreement of strategic cooperation to jointly implement investment projects to modernize blast furnace, steelmaking and rolling operation at the Lipetsk production site. Projects implemented as part of the ...
  • 2014-04-24 16:50:17
    VSMPO-Avisma restarted ferrotitanium production
    VSMPO-Avisma Corporation restarted ferrotitanium output, which stopped in 2013. It plans to produce 300 tons of ferrotitanium till the end of April. In September 2013 VSMPO-Avisma decided to suspend production of ferrotitanium. The reason was the situation in the European market: ...
  • 2014-04-24 16:39:03
    Recylex Group can build a recycling plant in Leningrad area
    French-based Recylex Group is considering the implementation of the project of automotive and industrial batteries recycling in the Leningrad area, Russia. The delegation of Recylex Group top managers already held talks with the regional administration. «In the Leningrad Area ...
  • 2014-04-15 14:14:50
    Norilsk Nickel signedbilateral unsecured credit lines for the total amount of US$ 750 million
    MMC Norilsk Nickel (further, Norilsk Nickel or the Company) announces the signing of two bilateral 5-year unsecured facility agreements with ZAO UniCredit Bank and ZAO “Raiffeisenbank” for the amount of US$ 400 million and US$ 350 million correspondingly. The funds will be ...
  • 2014-04-09 07:08:15
    NLMK brings premium products to the Russian market
    NLMK Group is bringing new premium steel products to the Russian market – thick plate low-alloy abrasion-resistant Quard steel and structural high-strength Quend steel, both designed for use in the manufacture of construction and mining equipment and machinery. NLMK Group is ...
  • 2014-03-21 16:48:09
    Quard and Quend: new high value added products developed by NLMK Clabecq
    In October 2011, NLMK Europe launched the Quenching & Tempering Steel transformation line at the Clabecq site (Belgium). This was a strategic investment of more than EUR 100 million for NLMK Europe’s plate business unit. Located in Ittre, Belgium, NLMK Clabecq produces ...
  • 2014-03-21 15:17:55
    New aluminum profiles production launched in Russia
    Zlatoust Machine-Building Plant, Chelyabinsk area launched the aluminum profiles production today. This project was financed by Sberbank of Russia. The extrusion line of capacity of 6,000 tons of aluminum profiles per year, the lines of their coloring and packaging, an automated ...
  • 2014-03-20 16:23:12
    Rusal and Omen to create joint venture
    UC Rusal and Israeli company Omen High Pressure Die Casting (“Omen”), a specialist producer of automotive components from non-ferrous metals, announce the signing of a shareholder agreement to create a joint venture to produce automotive components. The joint venture ...
  • 2014-02-13 17:20:50
    Chelyabinsk Zinc Plant received new shareholder
    Chelyabinsk Zinc Plant (hereinafter – «CZP») has received notification, on 11 February 2014, from Ilya Sherbovich that as at 03 February 2014 he indirect held 8,379,789 ordinary shares in the Company. This represents 15.4621% of the existing issued share capital of CZP. ...
  • 2014-02-03 06:09:34
    Norilsk Nickel increased copper production
    Consolidated copper production of Norilsk Nickel increased 0.6% q-o-q to 93 thousand tonnes in 4Q13. In 2013, Norilsk Nickel beat annual production guidance with 371 thousand tonnes of copper output, up 2% year -on-year. This growth was mainly attributed to an increase in the volume of ...
  • 2014-01-31 11:53:17
    Norilsk Nickel plans to sale goldfields operations in Australia
    Norilsk Nickel Australia, a subsidiary of Norilsk Nickel, has entered into a definitive agreement to sell its North Eastern Goldfields Operations in Western Australia (Nego) to Saracen Metals (Saracen), a wholly owned subsidiary of the Saracen Mineral Holdings a company listed on the ...
  • 2014-01-28 15:33:00
    Norilsk Nickel Joins Anti-Corruption Charter
    Norilsk Nickel took the decision to join the Russian Anti-Corruption Charter for Business. The Charter aims at more energetic effort of the business community in the field of countering corruption in the corporate sector. The basic principles of anti-corruption behavior of the ...
  • 2014-01-27 13:47:26
    Norilsk Nickel and BASF have entered PGM supply contract
    Norilsk Nickel and the BASF chemical company have signed a large-scale long-term PGM chemicals supply contract. The contract was signed in BASF headquarters in Ludwigshafen, Germany. Norilsk Nickel will deliver PGM chemicals to BASF production site in Europe. BASF will use them for ...
  • 2014-01-24 17:19:42
    Furnace Repairs Started at Nadezhda Plant
    Scheduled 10-day long repairs of Flash Smelting Furnace No 1 (FSF-1) have been started at the Norilsk Nickel Polar Division Nadezhda Metallurgical Plant. Flash Smelting Furnaces No 1 and No 2 are the chief units used in sulfide concentrate processing chain that yield converter matte ...
  • 2014-01-24 15:31:26
    Italian-made Manipulators Installed at Nickel Plant
    Four new Italian-made Dalmec manipulators have been installed at Nickel Plant Electrowinning Workshop. Suction cup-outfitted manipulators can transport cathodes – sheets with accreted nickel – across the finished product batching process stage, which simplifies handling and ...
  • 2014-01-22 15:11:56
    OMZ Special Steels manufactured shell for VVER-TOI reactor
    OMZ Special Steels, part of OMZ Group, successfully forged an ingot of 420 tonnes at an automated forging complex AKK-12000. The ingot was casted in the late December 2013 from the steel. The forged shell was manufactured for active zone of VVER-TOI reactor developed by the general ...
  • 2014-01-20 12:46:22
    Pavel Shilyaev appointed acting CEO of MMK
    Board of Directors of Magnitogorsk Iron and Steel Works (MMK) appointed Mr. Pavel Shilyaev acting CEO of the company. Boris Dubrovsky, former MMK CEO, was appointed acting Governor of the Chelyabinsk Region (Southern Urals) by the Decree of the Russian president Vladimir Putin dated ...
  • 2014-01-20 12:41:54
    Severstal-SMC-Vsevolozhsk begins production
    Severstal-SMC-Vsevolozhsk, a joint venture of Mitsui and Severstal, began production with its first 140 tonnes of blank metal parts. Two production lines are currently operating as part of a trial at Severstal-SMC-Vsevolozhsk, producing cut-to-length rolled steel from feed metal ...
  • 2014-01-09 11:31:34
    Mechel appointed new CEO
    Mechel announces the appointment of the company’s Senior Vice-President for Economics and Management Oleg Korzhov as Mechel’s Chief Executive Officer. This decision was approved by the company’s Board of Directors and is valid starting on January 1, 2014. Evgeny Mikhel, who ...
  • 2013-12-30 07:17:58
    Mechel closed deal on disposal of two assets
    Mechel announced closing the deal for disposal of 100% shares in Voskhod Mining Plant (Khromtau, Kazakhstan) and Tikhvin Ferroalloy Plant (Tikhvin, Leningrad Region, Russia) to Turkey’s Yildirim Group for a total of US$425 million. In accordance with the deal’s conditions, ...
  • 2013-12-26 17:38:11
    EVRAZ is expanding its’ supply of railroad products to Europe
    VUZ, the European certificating authority for rail transport, has issued EVRAZ with a Compliance Certificate (TSI) for all rolled railway wheels with a diameter of 920 mm of design type BA 318. Being awarded this certificate, in conjunction with a compliance certificate showing that the ...
  • 2013-12-24 11:59:44
    Norilsk Nickel to pay dividend for 9 month of 2013
    Extraordinary General Meeting of Shareholders (the EGM) of MMC Norilsk Nickel (MMC Norilsk Nickel or the Company) was held in Moscow on December 20, 2013. Following Board’s recommendations the EGM approved payment of interim dividends for 9 months of 2013 in the amount of RUB 220.7 ...
  • 2013-12-23 17:02:08
    Norilsk Nickel signed a contract for the delivery of technology and equipment to Talnakh concentrator
    Norilsk Nickel has signed a contract with Finnish Outotec for the delivery of technology and equipment to the 2nd expansion phase of Talnakh concentrator (Transpolar Division). Outotec will deliver fully automated flotation complex including flotation cells in different sizes, ...
  • 2013-12-23 11:08:02
    OMZ-Special Steel cast giant ingot
    OMZ-Special Steel, part of OMZ group, successfully produced a 420-tonne bar of 15X2HMFA class one steel. The ingot will be used in production of a normal experiment active zone shell for the next generation VVER-TOI reactor. The reactor was designed by Atomenergoproekt, the main developer ...
  • 2013-12-23 10:12:52
    Mechel signed agreemnts with Sberbarnk of Russia
    Mechel Group announces signing agreements with Sberbank of Russia on restructuring a part of Mechel’s debt to the bank (25.5 billion rubles, approximately 773 million US dollars*). The Group’s obligations to the bank are extended by 5 years, with a grace period until the first ...
  • 2013-12-17 18:27:31
    New copper ores processing launched in Russia today
    Russian Copper Company launched Mikheyevsky ores processing plant (hereinafter - Mikheyevsky GOK) in the Chelyabinsk area of Russia. The new company will produce and process approximately 18 million tonnes and produce up to 63 thousand tons of copper in concentrate per year. ...
  • 2013-12-16 17:55:09
    NLMK Group appoints new Vice President for Sales
    NLMK Group announces the appointment of Ilya Guschin as Vice President for Sales. Sergei Khorn, former acting Vice President for Sales, is appointed his deputy. Ilya Guschin is responsible for coordinating NLMK Group’s sales divisions in order to enhance their efficiency. Service ...
  • 2013-12-10 10:43:58
    Mechel agreed on covenant holidays with Sberbank
    Mechel announced reaching agreement on covenant holidays on bilateral credit lines from Sberbank of Russia amounting to 44.9 billion rubles (approximately 1.36 billion US dollars) until the end of 2014. “We are grateful for Sberbank’s support of Mechel’s revised ...
  • 2013-12-05 13:13:57
    Russia may annual copper and nickel export duties
    Russian government may abolish copper and nickel export duties in 2014, and to take other measures to support the steel industry companies, Russian media write. According to the protocol of a recent meeting with the Prime Minister Dmitry Medvedev told a number of ministries to support ...
  • 2013-12-05 08:11:25
    Mechel agreed on covenant holidays with VTB
    Mechel reached agreement on covenant holidays on bilateral credit lines from VTB Bank amounting to USD 1.8 billion until the end of 2014. “This agreement once again demonstrates that VTB is one of our most longstanding and credible partners. We are thankful to VTB for many years ...
  • 2013-12-04 11:31:57
    OMZ Special Steels launched an accelerated cooling unit
    OMZ Special Steels, part of OMZ Group, put into operation an accelerated cooling system for its press shop. The new system is designed for differential (selective) heat treatment of rolls used in metalworks. The equipment provides heat treatment of rolls made of different steel grades; ...
  • 2013-12-02 18:06:54
    Auriant Mining reiterated forecast for 2013 production
    Auriant Mining published interim report for the period from January to September 2013. Consolidated revenue from gold and gold equivalents for 9 months 2013 increased by 95% to MSEK 230.3 (US$ 35.8 m) compared to 9 months 2012 in amount of MSEK 118.1 (US$ 18.1 m). Total ...
  • 2013-11-29 17:46:29
    Rusal to invest EUR 4 mln in aluminium powder production
    UC Rusal announced a plan to modernize the SUAL-Powder Metallurgy (Shelekhov, Russia) plant. The total project investment is estimated to be EUR 4 mln. The plant is acquiring a classifier mill. The installation of the new equipment will result in an increase in production capacity of ...
  • 2013-11-25 18:02:32
    Mechel agreed on covenant holidays on $1 billion syndicated loan
    Mechel announced today reaching agreement on covenant holidays on its $1 billion syndicated facility until the end of 2014. The agreement was signed on behalf of a syndicate of leading international banks, including ING Bank, Societe Generale, UniCredit, Commerzbank, Raiffeissen Bank ...
  • 2013-11-25 16:17:57
    NLMK Group optimizes energy sector management
    NLMK Group continues to optimize its energy sector management. This process is part of developing an efficient and transparent functional/divisional management system covering all production sites in Russia and abroad; and a comprehensive program aimed at boosting business process ...
  • 2013-11-22 11:57:55
    New Gyro Crusher Launched at Norilsk Nickel Talnakh Concentrator Plant
    Installation of a newly-assembled gyro crusher No 13 has been completed at the Milling and Flotation Workshop of the Talnakh Concentrator Plant (TCP). The replaced mill has had a service life of 13 years. According to Igor Zorin, Deputy Production and Technology Head of the ...
  • 2013-11-21 04:14:54
    SSAB develop steel products sales in Russia
    «The Russian market is a priority for SSAB,» Martin Lindqvist (Martin Lindqvist), President of SSAB told the Metal Supply and Sales Magazine at a press conference held as part of the ceremony of summing up the competition Swedish Steel Prize of 2013. «We already sale ...
  • 2013-11-07 14:08:09
    NLMK and OMK renew contract for slabs used in large diameter pipe production
    NLMK Group, Russia’s largest steelmaker, and OMK Group, Russia’s leading pipe manufacturer, signed a new Agreement on long-term cooperation renewing the contract for the supply of slabs until and inclusive of 2016. These slabs will be rolled into plates at the new Vyksa Steel ...
  • 2013-11-06 17:22:40
    Severstal will supply rolled steel for Nissan Almera model
    The Cherepovets Steel Mill, one of the world’s largest integrated steel mills (part of Severstal’s Russian Steel Division), entered into another agreement to supply rolled steel for the production of Nissan Almera model. First deliveries were launched in Q4 2012. Nissan ...
  • 2013-11-06 15:25:46
    Izhora Pipe Mill achieves European Accreditation
    The Izhora Pipe Mill, part of Severstal, one of the world’s leading steel and steel-related mining companies, has received certification allowing it to supply pipes to the European market, which would include the South Stream pipe line system’s on-land sections. The Izhora ...
  • 2013-11-05 12:07:20
    En+ Group changes management board
    En+ Group, a leading Russia-based industrial conglomerate, announces changes to its management board. Mr. Vladimir Polin is appointed Chief Operating Officer of En+ Group. Mr. Polin is responsible for increasing the efficiency of the group’s businesses, overseeing the investment ...
  • 2013-10-25 15:07:01
    Norilsk Nickel continues to implement cobalt project
    Kola MMC (an MMC Norilsk Nickel subsidiary) stepped on another stage of Cobalt project. Cutting cobalt cathodes equipment was shipped to the Company. Semi-automatic cobalt cathodes cutting sequence is machinery comprising almost twenty units: scissors of all kinds, conveyors, special ...
  • 2013-10-23 14:17:51
    Stoilensky improves system of handling and storing iron ore waste
    Stoilensky, NLMK Group’s iron ore producer, is going ahead with production testing the first stage of its thickening unit at the tailings department as part of the plant’s programme aimed at enhancing the efficiency of its existing infrastructure. With the startup of this ...
  • 2013-10-22 15:12:26
    Alcoa and VSMPO-Avisma to form joint venture
    Alcoa and Russia’s VSMPO-Avisma Corporation, the world's largest manufacturer of titanium ingots and forged products, have agreed to join forces to meet growing demand for high-end titanium and aluminum products for aircraft manufacturers worldwide. Alcoa Chairman and CEO Klaus ...
  • 2013-10-22 12:44:20
    Chelyabinsk Zinc Plant focuses in the Russian market
    Chelyabinsk Zinc Plant (CZP) produced 125,609 tonnes of salable SHG zinc and zinc based alloys in 9M 2013, an increase of 3.5% as compared to 9M 2012 (121,335 tonnes). 65.9% of metal was supplied to the domestic market that coincides with the last year level. CZP’s affiliated ...
  • 2013-10-17 18:00:10
    NLMK Group Q3 2013 Trading Update
    In Q3 2013, NLMK Group steel output grew by 3% to 3.897 m t, driven among other factors by a 0.1 m t increase in output at NLMK Kaluga. Q3 steel product sales totaled 3.719 m t (-1.4% q-o-q). Finished product sales grew by 5.5% q-o-q to 2.896 m t; their share in total sales growing 5 p.p. to ...
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