2013-02-12 15:07:15 WSD confirms NLMK to be among the World’s Most Competitive Steelmakers
NLMK Group (LSE:NLMK), a leading global steel producer, attained second place in the 2012 annual ranking of the World’s 35 Most Competitive Steelmakers. The ranking, prepared by the world’s leading steel information service World Steel Dynamics, was based on 23 factors including ...
2013-02-08 12:30:59 MMK Group Operational Trading Update for Q4 and FY 2012
Key investment projects of MMK Group
Mill 2000
The launch in July 2012 of the second stage of MMK’s new cold-rolling complex (continuous hot-galvanizing unit, annealing/hot-galvanizing unit and coil inspection line) marked the conclusion of construction ...
2013-02-05 10:43:24 Norilsk Nickel plans to invest RUB 75.4 billion
The Board of Directors of MMC Norilsk Nickel (hereinafter, MMC Norilsk Nickel or the Company), the largest global nickel and palladium producer, approved the Company’s draft budget for 2013 submitted by the management.
The budget ensures stable metals production by national ...
2013-01-31 17:39:39 Baikal Mining Company has updated the scope of Mineral Resources of the Udokan deposit
Baikal Mining Company (part of Metalloinvest) has received an updated JORC-compliant estimate of Mineral Resources of the Udokan deposit as of 29.12.2012.
The certificate is issued by SRK Consulting, which is an independent international consulting company specializing in the mining ...
2013-01-29 09:50:03 NLMK enhances employee collaboration to create efficiencies
Novolipetsk, NLMK’s main production site in Lipetsk, announces the results of its annual innovation contest. Throughout the year, more than 1,600 employees from 55 of the company’s units took part in the contest. A total of 2,035 efficiency and 480 cost cutting proposals ...
2013-01-21 13:16:55 Zubtsovsky Machinery Plant to increase production
In 2012 Zubtsovsky Machinery Plant has kept the output of titanium products on the level of 2011 year (naturally). Revenues have increased by 19% in funds value, which could be explained by increasing of the deeply processed product share in sales volume.
The following products were ...
2012-12-21 15:13:06 Severstal - Result of Extraordinary General Meeting
OAO Severstal (“Severstal”), one of the world’s leading vertically integrated steel and steel related mining companies, announces the results of voting on the resolutions proposed at the EGM held on 20 December 2012.
The following resolutions were approved by ...
2012-12-21 12:17:20 Metal-Expo’2012 Results have been Announced
A wash-up meeting of Metal-Expo Organizing Committee was held yesterday to announce results of Metal-Expo’2013, the 18th International Industrial Exhibition.
The majority of Organizing Committee members highly evaluated the quality of Metal-Expo’2102 exhibitors for as ...
2012-12-07 17:21:16 60 world economies visited Metal-Expo’2012
According to visitors’ registration results, along with exhibitors from 35 world countries, representatives from 60 economies visited Metal-Expo’2012 on November 13-16, 2012. Around 4% of the total number of Metal-Expo’2012 visitors account for international visitors, ...
2012-12-05 13:49:42 Severstal supports New York exhibition of Russian artworks from Mikhail Baryshnikov's collection
Supported by OAO Severstal ("Severstal" or "Company"), Art That I Live With, an exhibition of Russian artworks from Mikhail Baryshnikov's collection opened at the ABA Gallery, New York on December 3. This is the first time that so many works from the legendary dancer's ...
2012-12-05 11:27:30 MMK announces the results of its RUR 5 bln bonds placement at MICEX
On December 04, 2012 MMK placed its RUR 5 bln bonds (series 18) with the maturity period of 10 years. A 3 year offer is provided for the issue. The issue is included in the list “Б” at MICEX.
The total value of demand from investors exceeded RUR 10,4 bln which translates ...
2012-12-05 11:05:40 NLMK closes the order book for its RUR 10 billion bond issue
NLMK (LSE: NLMK), the leading global steelmaking company, closed the order book for its 08 bond issue on December 4, 2012. The issue has a total value of RUB10 billion, a maturity period of 10 years and a buy back offer in 3 years.
In the course of marketing, book orders were placed by ...
2012-12-04 11:11:08 TMK Acquires Controlling Stake in Pipe Plant in Oman
TMK, one of the world's leading producers of tubular products for the oil and gas industry, has acquired 55% of Gulf International Pipe Industry L.L.C. (GIPI) located in Oman.
The plant’s production capacity exceeds 200,000 tonnes of welded OCTG and line pipe for oil and gas ...
2012-11-26 12:17:11 Mechel Reports Temporary Suspension of Steelmaking Facilities in Romania and Ukraine
Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, reports temporary halting of production facilities at Donetsk Electrometallurgical Plant (DEMZ), which is part of Mechel’s steel division, and the schedule for temporary suspension of production at the ...
2012-11-26 12:15:43 NLMK Indiana production beats all-time records
Recently, the NLMK Indiana, a US subsidiary of NLMK Group, has broken all time production records.
During January – October period of 2012 NLMK Indiana produced over 617,000 tonnes (hereinafter metric tonnes) of slabs and over 586,000 tonnes of hot rolled coils. Melt Shop ...
2012-11-22 10:14:44 Rearrangement in Norilsk Nickel top management
OJSC MMC Norilsk Nickel (Company or MMC Norilsk Nickel) reports management rearrangement.
Evgeny Muravyev, the incumbent Director of the Company’s Polar Division for the last 3 years, is promoted to the position of Deputy General Director of MMC Norilsk Nickel, effective as of ...
2012-11-20 12:19:40 OJSC MMC Norilsk Nickel reports acknowledged the best
OJSC MMC NORILSK NICKEL (hereinafter Norilsk Nickel or the Company) gained various awards of the XV Annual contest of annual reports organized by OJSC “Moscow Stock Exchange”.
The contest is held since 1998 all the way contributing for propaganda of advanced experiences in ...
2012-11-20 12:18:47 Severstal increases shipments to Russian and CIS car manufacturers
During the first ten months of 2012, the Cherepovets Steel Mill (“CheMC”), part the Russian Steel division of OAO Severstal, one of the world’s leading steel and steel-related mining companies, has increased shipments of rolled steel to Russian and CIS-based car ...
2012-11-20 11:16:23 NLMK’s annual report wins awards in national contests
NLMK’s 2011 Annual Report has brought home multiple awards from recent national and international contests.
NLMK was recognized in five categories in the 15th Yearly Federal Contest of Annual Reports organized by the Moscow Exchange (http://konkurs.micex.rts.ru/en/default.aspx), ...
2012-11-19 17:33:04 Severstal adopts company-wide Anti-Corruption Policy
Severstal, one of the world’s leading steel and steel-related mining companies, has adopted a company-wide Anti-Corruption Policy (“the policy”). The policy, signed by Alexei Mordashov, Severstal’s Chief Executive Officer, is aimed at ensuring that all of ...
2012-11-19 09:54:24 Mechel Has Attended Metal Expo’ 2012 Annual Exhibition
Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, reports its participation in the 18th International Industrial Exhibition Metal-Expo’ 2012, which was held at the All-Russia Exhibition Center in Moscow on November 13-16, 2012.
Some 700 organizations ...
2012-11-19 09:53:13 MMK Metalurji puts EAF and hot rolling facilities on halt for a period of up to 90 days
This measure will allow the company to increase economic efficiency of the plant and help achieve positive profitability of MMK’s Turkish project.
MMK Metalurji (an asset of Magnitogorsk Iron and Steel Works in Turkey) announced that its EAF and hot rolling facilities in ...
2012-11-16 13:07:58 NLMK to supply slabs to OMK
NLMK has signed a long-term contract with Vyksa Steel Works (VMZ) (part of OMK, the United Metallurgical Company) for the supply of continuously cast slabs. These slabs will be rolled into plates at the VMZ Mill-5000 (MKS-5000) to be further used for the production of large-diameter ...
2012-11-15 13:11:21 Severstal reports Q3 & 9M 2012 financial results
OAO Severstal (MICEX-RTS: CHMF; LSE: SVST), one of the world’s leading vertically integrated steel and steel-related mining companies, today announces its Q3 & 9M 2012 financial results.
CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED 30 September 2012 ...
2012-11-08 10:14:32 What to expect in 2013?
Next year is unlikely to bring significant relief to steel producers in the absence of visible points of economic growth, which could boost demand, and due to the overcapacity in steel production. The global financial crisis has predetermined decline in investments and therefore slump in ...
2012-11-07 13:09:12 MMK may invest additional USD 100 million in Turkish subsidiary
OJSC Magnitogorsk Iron and Steel Works (MMK) is exploring the possibility of investing an additional USD 100 million over the medium term into MMK-Metalurji, its Turkish subsidiary, to reduce production costs and increase production efficiency.
Investment projects under consideration ...
2012-11-02 14:39:10 Red Bud Industries and Weber Comechanics hosted a Coil Processing Seminar in Moscow
Red Bud Industries, located in Red Bud, Illinois, and Weber Comechanics, located in Moscow, Russia, hosted a Coil Processing Seminar at the Borodino Hotel Moscow on September 26, 2012. Over 70 attendees learned about blanking, multi-blanking, leveling, slitting, and a new process (EPS®) ...
2012-10-31 12:32:42 New realities of the Russian metal and steel market
All metal market experts have recently drawn a conclusion that it’s practically impossible to make an accurate forecast of metal supply, demand, and prices for more than 2-3 months in advance. What to do then? How to make technical-economical assessment of investments and new projects? ...
2012-10-31 07:19:51 Boeing and VSMPO-Avisma agreed joint-venture extending and R&D cooperation
Largest Russian titanium producer, VSMPO-Avisma, Rostekhnologii subsidiary company, and American Boeing signed a memorandum to extend titanium procurement cooperation by Ural Boeing Manufacturing (UBM) joint venture expansion. Parties will also continue the R&D interaction regarding new ...
2012-10-26 11:41:36 Ufaleynickel undergoes large-scale modernization
This year’s investments into modernization of enterprises under the control of the managing company Highmetal KDS (Ufaleynickel, Rezhnickel, Serov Nickel Mine) will total 140 mln rubles.
The major part of this sum – about 90 mln rubles – is supposed to be spent during ...
2012-10-26 10:50:21 Oleg Bagrin Elected President of NLMK
NLMK, the leading global steelmaking company, today announced that its shareholders at an Extraordinary General Meeting (“EGM”) elected Mr. Oleg Bagrin as NLMK President (Chairman of the Management Board).
Mr. Bagrin was nominated as President by NLMK’s majority ...
2012-10-26 09:25:00 34 countries will present high-tech products and technologies at Metal-Expo'2012
706 companies from 34 countries have already registered for the traditional annual exhibition Metal-Expo, which will be held on November 13-16.
Among foreign countries Germany holds the leading positions (58 companies), followed by China (45), Italy (31), Czech Republic (14), Finland ...
2012-10-23 13:06:15 ZincOx and Magnezit to build dust recycling plant in Russia
ZincOx Resources plc announces that it has on 19 October 2012 entered into a Joint Venture Agreement (JV) with Ural-Recycling LLC, a wholly owned subsidiary of Magnezit Group Limited (Magnezit). The JV will cover the first phase of a programme to establish a waste dust recycling facility in ...
2012-10-23 10:31:42 Mechel Reports Suspension of Mining Facilities in USA
Mechel reports temporary halting of mining facilities of Mechel Bluestone (West Virginia, USA), which is part of the Group’s mining division.
Due to accumulated inventories of coal, Mechel decided to temporarily suspend mining at some facilities of Mechel Bluestone’s mining ...
2012-10-22 10:42:02 Chelyabinsk Zinc Plant Announces 9M 2012 Production Results
Chelyabinsk Zinc Plant (LSE, MICEX: CHZN), Russia’s largest producer of zinc and zinc alloys, is pleased to announce its production results for the nine months ended September 30, 2012.
Chelyabinsk Zinc Plant (CZP) produced 121,335 tonnes of salable SHG zinc and zinc based alloys ...
2012-10-19 10:53:31 IT for metallurgical enterprises: determining the future
The program of “IT for Metallurgical Enterprises: Determining the Future” Conference has been recently finalized.
According to the Conference organizers this year’s list of speakers has been completely updated. Permanent members of the annual event will learn about ...
2012-10-19 10:48:51 Koreans are welcome to mine copper in Kolyma
Administration of the Magadan region held a presentation in Seoul, South Korea, where the possibilities of metal ore mining was presented.
“Our projects were aimed at mineral resources of the Magadan region, and not only gold and silver but also iron ore, copper, coal” ...
2012-10-17 17:20:13 Russian metal & steel market participants: meeting in a month!
2013 will bring some serious changes in the Russian steel and metal market. A number of big investment projects are going to be implemented throughout the year. NLMK-Kaluga plant in Kaluga Region and UMMC-Steel plant in Tyumen will be launched in the beginning of the year; Long Product Mill ...
2012-10-17 17:18:21 Estimated iron ore resources at the Putu iron ore deposit increased to 4.4 billion tonnes
OAO Severstal (“Severstal”, “the Company”), one of the world’s leading vertically integrated steel and steel-related mining companies, announces that an independent resource report has increased its estimates of iron ore resources at the Putu iron ore deposit in ...
2012-10-17 14:11:43 TMK Starts Supplying Pipes for Lukoil’s North Caspian Deposit
TMK, a leading global manufacturer and supplier of steel pipes for the oil and gas industry, has started shipments of pipes to be used in construction of deep water pipelines at the Filanovsky oil and gas condensate deposit in the North Caspian Sea under development by Lukoil.
The ...
2012-10-17 12:52:16 Rolled product output in Russia for 9 months has increased by 6% to 47 mln tons
Federal State Statistics Service reports that according to the results of the period from January to September 2012 Russian enterprises produced 46,9 million tones of finished steel products, an increase of 6% as compared to the same period in 2011.
Production of steel has increased by ...
2012-10-16 17:18:35 IRC: Ilmenite Production Increase Completed
IRC Limited is pleased to announce the completion of a technology upgrade at its Kuranakh operation resulting in a 150% increase in ilmenite capacity and the reaffirmation of the Company’s targets for 2012 and beyond.
Key Highlights:
More than 150% increase in ilmenite ...
2012-10-12 15:09:44 This year’s Moscow Metal Week is going to be filled with events
The traditional autumn Moscow Metal Week will begin on November, 12th starting with the 15th International Conference “ The Russian metal and steel market-2012 ”, organized by Metal Supply and Sale Magazine in cooperation with the leading manufacturers and suppliers of metal ...
2012-10-12 14:54:19 Metal-Expo'2012: 10 contests in the frame of Autumn Russian Metal Week
The organizing committee of the largest industrial forum Metal-Expo’2012 (Moscow, The All-Russia Exhibition Center, halls #69 and #75) has recently approved the contest program for November 13-16, 2012. The exhibition will hold a number of contests and invites the players in the ...