2012-07-27 10:01:57 Severstal to produce new pipes for Gazprom
The Izhora Pipe Mill, which specializes in large diameter pipes production using strip produced by CherMK (Severstal Russian Steel), and Gazprom have signed a long-term scientific and technical cooperation program.
The program scheduled for 2012-2016 will focus on production of tubular ...
2012-07-27 10:01:00 METALLOINVEST assigned ‘BB-’ rating with a positive outlook by S&P
METALLOINVEST, a leading global iron ore and HBI producer based in Russia, announces that the Company was assigned ‘BB-‘ long-term corporate credit rating by Standard & Poor’s Ratings Services with a Positive outlook.
In the published statement Standard & ...
2012-07-26 10:01:00 EVRAZ Suspends Operations of its South African Mill
EVRAZ announces the temporary suspension of operations at EVRAZ Highveld Steel and Vanadium (South Africa) following the start of an industrial action announced by EVRAZ Highveld’s largest union NUMSA.
The action stems from a notice issued by the Company regarding possible ...
2012-07-26 10:01:00 Update on transfer and cancellation of treasury shares
The Board of Directors of OAO Seversta, one of the world's leading vertically integrated steel and steel-related mining companies, has approved the finalization of the programme for the transfer and cancellation of treasury shares as previously announced on February 29, 2012. The programme ...
2012-07-26 10:01:00 Norilsk Nickel signed a memorandum of understanding
Vladimir Strzhalkovsky, General Director – Chairman of the Management Board of OJSC MMC Norilsk Nickel signed an understanding memorandum with Gianfelice Rocca, Chairman of «Techint Group» (Italy).
The Memorandum was signed in the presence of Dmitri Medvedev, Chairman ...
2012-07-25 10:11:12 VSMPO-AVISMA and Shanghai Aircraft Manufacturing have signed Long Term Contract
VSMPO-AVISMA Corporation, the Russian manufacturer of titanium, aluminium and steel mill products, open and closed die forgings and rough machined parts, and Shanghai Aircraft Manufacturing Co. Ltd.(SAMC), final assembly and manufacturing center of COMAC and one of COMAC's three key centers, ...
2012-07-25 10:07:09 Izhorskiye Zavody produces another hydrocracking reactor for Tuapse refinery
Izhorskiye Zavody, part OMZ Group, successfully complete production of hydrocracking reactor for Tuapse refinery. The reactor weighs more than 600 tons.
It is the second vessel produced under the contract for the supply of equipment for Tuapse refinery, signed in 2010. As part of the ...
2012-07-24 10:25:10 Moody's reaffirms the credit rating of MMC Norilsk Nickel
MMC Norilsk Nickel is pleased to announce that having analyzed the Company’s current financial and operating performance the Moody’s Investors Service (hereinafter – Moody’s) reaffirmed its 'Baa2' rating assigned to the Company. Moody’s has changed its long-term ...
2012-07-24 10:22:24 MMK completes construction on cold rolling complex
Magnitogorsk Iron & Steel Works (MMK) launched the second stage of its new cold rolling complex today. President Putin attended the ribbon-cutting ceremony.
The complex, capable of producing 2 mtpa of finished products, will primarily produce high-quality cold-rolled and galvanized ...
2012-07-24 10:20:30 NLMK receives IR Magazine Russia and CIS awards
NLMK, the leading global steelmaking company, won second place in the “Grand prix for best overall investor relations” category among large cap companies at the 6th annual IR Magazine Russia and CIS Awards 2012. In addition, Sergey Takhiev, Head of IR at NLMK, won third place in ...
2012-07-23 12:37:02 RUSAL joins the China Non-ferrous Metals Industry Association
RUSAL, the world’s largest aluminium producer, is pleased to announce that the Company has become a member of the China Nonferrous Metals Industry Association (CNIA), which is the most influential national non-profit organisation in the PRC which represents the interests of non-ferrous ...
2012-07-23 12:35:39 Severstal wins Best Overall Investor Relations at 2012 IR Magazine Russia & CIS awards
OAO Severstal, one of the world's leading vertically integrated steel and steel-related mining companies, has been named the winner in the Best Overall Investor Relations category for large cap companies at the IR Magazine Russia & CIS awards ceremony held on July 12, 2012 at the ...
2012-07-23 12:31:41 Mechel reports resumption of work at V.I. Lenina Underground Mine
Mechel, one of the leading Russian mining and metals companies, reports that work at V.I. Lenina Underground mine facilities was resumed fully.
Administrative suspension of mining at V.I. Lenina underground mine was lifted today by the Mezhdurechensk city court as the company met all the ...
2012-07-09 10:56:26 NLMK temporarily reduces pig iron production
Due to deterioration in demand in the pig iron market both in Russia and abroad in Q2 2012, starting from July 6, 2012 NLMK is idling its blast furnace (BF) #2 with a capacity of 0.8 mt/y (around 6% of the total pig iron capacity at the Lipetsk plant) for a period of up to 60 days.
This ...
2012-07-06 11:58:51 Rusal invest more than RUR170 million in Novokuznetsk smelter
UC Rusal announced the start of the casting facilities upgrade programme on the Novokuznetsk aluminium smelter (NkAZ), which will increase value-added production (VAP) output. Programme CAPEX is expected to amount to more than RUR170 million.
NkAZ casthouse #2 has completed ahead of ...
2012-06-22 10:01:55 Norilsk Nickel enhances cargo transportation efficiency
Norilsk Nickel announces that the Company’s cargo transportation efficiency has improved. Fleet modernization and further optimization of container transportation with respect to cargos shipped from Dudinka made it possible to improve performance specifications of the vessels and reduce ...
2012-06-22 10:01:00 Severstal North America hosts grand opening of newest steelmaking facilities
Severstal North America, one of the largest U.S.-based steel producers specializing in the full range of the high quality, light, flat-rolled products, is hosting a Grand Opening celebration of the company’s new steelmaking facilities in Dearborn, Mich.
Alexey Mordashov, CEO of OAO ...
2012-06-22 10:01:00 NLMK ranked second among World's 35 Most Competitive Steelmakers
NLMK Group, the LSE-listed leading steel producer, was awarded second place in the annual ranking of the 35 most competitive global steel producers. The ranking prepared by World Steel Dynamics, the world’s leading steel information service, was based on 23 parameters including level of ...
2012-06-22 10:01:00 RUSAL completed the first stage of Aluminium Division West modernization
RUSAL, the world’s largest aluminium producer, is pleased to announce the completion of the first stage of its Aluminium Division West modernization.
The modernization has resulted in a significant increase in the share of value-added products (VAP) across the Company’s three ...
2012-06-21 10:16:26 Norilsk Nickel announces the result of NordStar’s operations for three years
MMC Norilsk Nickel informs about implementation progress of own airline project. Three years ago, on June 17 2009, Taimyr Airlines (NordStar trademark) carried out its first flight from Moscow to Norilsk, starting regular flights on two of the most important routes for Norilsk: Norilsk-Moscow ...
2012-06-21 10:12:34 METALLOINVEST and Chelyabinsk Pipe-Rolling Plant strengthen partnership
METALLOINVEST, a leading global iron ore and HBI producer based in Russia, and Joint Stock Company Chelyabinsk Pipe-Rolling Plant (ChelPipe), intend to broaden their cooperation over the next three years. The parties have agreed to increase the delivery of flat steel products made by ...
2012-06-20 10:24:54 RUSAL and China Eximbank signed cooperation agreement on new project in Eastern Siberia
RUSAL, the world’s largest aluminium producer, and the Export-Import Bank of China, one of PRC’s largest financial institutions, have signed a cooperation agreement on RUSAL’s up to the USD850 million greenfield project in Eastern Siberia.
The agreement between RUSAL ...
2012-06-20 10:23:02 EVRAZ Holds Inaugural Investor Day
EVRAZ announces that it will host its inaugural investor day at 9.00 am in London today.
Presentations will be given by certain members of the Board of Directors, including Alexander Abramov (Chairman), Sir Michael Peat (Senior Independent Director) and Alexander Frolov (Chief Executive ...
2012-06-20 10:21:33 METALLOINVEST ruble bonds added to the Central Bank of Russia Lombard List
METALLOINVEST, a leading global iron ore and HBI producer based in Russia, today announces that all three series (01, 05 and 06) of its ruble bonds have been included in the Lombard List of the Central Bank of the Russian Federation.The Lombard List comprises the securities that can be used ...
2012-06-19 10:29:48 En+ Group announces 2011 results
En+ Group Announces 2011 Results
Revenue growth by 12% to $15.3 bn
Increased Output Across All Major Product Types
Broader resource base in Eastern Siberia
Setup of logistics business
Stronger positions on key Asian markets
First steps towards becoming a public ...
2012-06-19 10:17:48 Evraz announces results of the Annual General Meeting
The Annual General Meeting (the ‘Meeting’) of the Company was held on Monday 18 June 2012 at 11.00am. At the Meeting, the ordinary and special resolutions set out in the notice of the Meeting were proposed and passed by way of a poll. Resolutions 18, 19, 20 and 21 were passed as ...
2012-06-18 10:30:41 Norilsk Nickel’s Polar transportation division resumes its operations after spring flood
Norilsk Nickel announces that in June Polar Transportation Division (PTD) resumed its operations after spring flood.
On May 19, 2011 Yenissey river water level rise and sea berths flooding put a stop to winter navigation.
Seasonal navigation suspension takes place annually in May ...
2012-06-18 10:28:58 Results of UC RUSAL’s Annual General Meeting of shareholders
RUSAL, the world’s largest aluminium producer, announces the results of its 2012 Annual General Meeting of shareholders (AGM) held on 15 June 2012 in Hong Kong.
All the proposed resolutions put to shareholders were duly passed including: the Company’s 2011 financial ...
2012-06-15 10:01:56 Norilsk Nickel develops cooperation with higher education establishments
Norilsk Nickel (hereinafter referred to as MMC Norilsk Nickel, the Company or the Group) informs that the Company triggered, on June 15, a next in turn phase of corporate program “Professional take-off”. More than 400 students of 3-4 year in technical field from 15 higher ...
2012-06-15 10:01:00 METALLOINVEST begins construction of oxygen facility at OEMK
METALLOINVEST, a leading global iron ore and HBI producer based in Russia, announces the signing of an agreement with Linde (Austria) to build a new oxygen facility at Oskol Electrometallurgical Plant (OEMK) with a cryogenic air-separation installation with a capacity of at least 20,000 Am3/h ...
2012-06-14 10:16:44 OMK marking its anniversary with record-breaking achievements
United Metallurgical Company has produced six million tonnes of large-diameter pipes since early 2005, when Russia's first line for the production of main pipes of 1,420 mm in diameter was put into operation by Vyksa Steel Works. In May, 2012, OMK exceeded its record-breaking production of ...
2012-06-14 10:11:10 Mechel reports new management appointments
Mechel, one of the leading Russian mining and metals companies, reports the appointment of Sergei Zhilyakov as the Chief Executive Officer of Mechel Ferroalloys Management.
Sergei Zhilyakov was appointed Chief Executive Officer of Mechel Ferroalloys Management. He will be tasked with ...
2012-06-13 10:28:45 Izhorskiye Zavody successfully completes hydro-testing of hydrocracking reactor for Tuapse refinery
Izhorskiye Zavody, part OMZ Group, in presence of Russian Federal Service for Ecological, Technical and Atomic Supervision (Rostekhnadzor) successfully completed hydro-testing of second stage hydrocracking reactor for Tuapse refinery. The reactor weighs more than 600 tons. The purpose of ...
2012-06-08 10:01:00 OMZ Special Steels launches new heat-treating furnace
OMZ Special Steels, part of OMZ Group, has commissioned the new vertical heat-treating furnace.
The new furnace is designed to perform heat treatment of billets made of traditional and emerging high-chromium steels with tempering temperature up to 1150°C. The equipment meets all ...
2012-06-08 10:01:00 Court Refuses to Satisfy the Appeal of MMK
MMK announces that on June 6, 2012 hearings were held at Arbitration Appellate Court Number 18 (the City of Chelyabinsk) to consider appeals brought by MMK and Flinders Mines Limited in order to discharge the injunction relief order issued by the Arbitration Court of the Chelyabinsk Region in ...
2012-06-07 10:27:35 International environmental audit successfully passed by NLMK
Novolipetsk Steel (NLMK) has successfully passed an audit of its Environmental Management System with regard to its compliance with the requirements of international standard ISO 14001:2004, yet another one of the audits regularly conducted in the last ten years.
Last week auditors of ...
2012-06-07 10:25:17 OMZ-Special Steels manufactures sheet products for Russian next gen icebreaker
OMZ-Special Steels, part of OMZ Group, manufactured sheet products from high strength steel AB2R. The products were approved by Russian Maritime Register of Shipping and shipped to Far East Center of Shipbuilding and Ship Repair.
Rolled sheet was produced from ingots, casted by syphon ...
2012-06-06 10:18:37 VIZ-Stal grows investments in technical upgrades
In 2012, VIZ-Stal is going to allocate over RUB3.5 bn towards its comprehensive Technical Upgrade Programme for GO (grain oriented) steel production, almost tripling last year’s capex. The ongoing reconstruction is aimed at mastering a new advanced product, improving product quality, ...
2012-06-06 10:16:58 Severstal announces investment plans for iron ore and coal exploration in 2012
Severstal, one of the world’s leading steel and steel related mining companies, announces that it will invest approximately $98 million in geological exploration for iron ore and coal projects both in Russia and internationally in 2012.
The investments will focus on continuing ...
2012-06-05 10:21:17 Norilsk Nickel announces the implementation of environmental projects in 2011
Norilsk Nickel offers its congratulations upon the Ecologist’s Day to all those working for the sake of the environmental protection and wishes further success in their important activities. On this day, the Company summarizes the results of the environmental activities performance in ...
2012-06-05 10:19:48 EVRAZ has signed a Memorandum of Understanding with Russian Railways
EVRAZ and Russian Railways have signed a Memorandum of Understanding that outlines 5-year contract that will come into force in 2013, and will be valid through 2017. During that time EVRAZ will supply Russian Railways with rail products worth around 90 billion rubles, to include rails up to ...
2012-06-05 10:18:28 Severstal developed new steel grades for Kamaz
Severstal, one of the world’s leading steel and steel related mining companies, developed and got approvals for technical standards related to new steel grades, and organized experimental deliveries of product to OAO Kamaz.
The new steel S500МС is identical to Sweden's high-quality ...
2012-06-04 10:52:13 Renova Group takes control over Kurumoch Airport
Renova Group of companies, through Kurumoch-Invest controlled by it, acquired 71.18% interest in OJSC Kurumoch International Airport in Samara. The purchase was in line with the plan previously approved by the project investor and OJSC Samara Region Development Corporation. Spectrum, the new ...
2012-06-04 10:47:08 MMK invests to expand into market for ship-building steels
MMK is investing in abrasive blast cleaning equipment for rolling shop no. 9, which houses its 5,000mm Plate Mill. This will allow MMK to produce AB2-1 and AB2-2 shipbuilding steels, which have to undergo thorough surface cleaning on both sides.
In early 2012, MMK signed a contract for ...
2012-06-04 10:45:12 Russian Federation’s Industry and Trade Minister visits Chelyabinsk Metallurgical Plant
May 30, 2012 – Mechel, one of the leading Russian mining and metals companies, reports the visit of Russian Federation’s Industry and Trade Minister Denis Manturov to the construction site for Chelyabinsk Metallurgical Plant OAO’s universal rolling mill.
Russian ...
2012-05-25 11:40:41 Metal-Expo’2012 exposition has been almost fully arranged
A session of the Organizing Committee of Metal-Expo’2012, the biggest in Russia, the CIS, and Eastern Europe event for metal and steel industry was held yesterday in Moscow.
The Management of Metal-Expo has entered the final stage of exposition arranging. This year the number of ...