2010-06-09 11:39:10 NMZK to continue modernization of facilities
NMZK, Novosibirsk Steel Works Named after Kuzmin managed by Metallservis, completes preliminary works on setting up 5-roller welding stands as part of an investment program on modernization of its tubes electric-welding facilities. According to the program, the new equipment will be launched ...
2010-06-09 11:30:56 Metalloinvest is increasing bridge steel supplies
«Urals Steel» metallurgical plant (a unit of Metalloinvest Holding) supplied 49,000 tons of special bridge steel between January and April, 2010 (150% of the 2009 level).
“In 2009, we had a share of about 75% of Russian bridge steel market,” said Andrey Prosyanik, ...
2010-06-08 10:34:44 Golden Innovators of Metal Ravne
In the new casting bay of Metal Ravne, one of the companies in the Slovenian Steel Group (SIJ), awards were presented to the best innovators or innovator groups who applied to this year’s tender of the Chamber of Commerce and Industry of Slovenia – Regional Chamber of Korolka. The ...
2010-06-08 10:30:25 Casting and Rolling Plant, United Metallurgical Company output 110kt in May
For the first time since its launching the Casting and Rolling Plant, United Metallurgical Company (OMK) output more than 90kt of hot-rolled coils and more that 20kt of flats in May 2010. The May production program has been fulfilled 102%.
Finished products dispatch volume reached 91 836t ...
2010-06-07 11:15:35 Svyatogor confirmed the compliance of its Quality Management System with the international standards
JSC “Svyatogor” (metallurgical complex of UMMC) has successfully passed surveillance audit of Industrial and Occupational Safety Management System for its compliance with the requirements of International Standard OHSAS 18001:2007 and audit of Ecological Management System for its ...
2010-06-07 11:07:33 Results of voting at the 2010 Annual General Meeting
ovolipetsk Steel (LSE: NLMK) announces the results of voting at the Annual General Meeting (AGM) held on 4 June 2010.
Shareholders approved the Company’s 2009 annual report, annual financial statements, and allocation of profit, including the dividend payment for the financial year ...
2010-06-04 11:04:12 MMK to reduce environmental pollution
MMK tested its ecological management system in Q1, 2010 which had been certified for compliance with ISO 14001: 2004. The tests were taken to find the ways of improving the ecological management system and increasing its efficiency. Certain ecological showings had been set up for 2010 ...
2010-06-04 10:27:00 Aluminium consumption in Russia to increase due to development of Railway transportation
“Manufacture of passenger and freight railway cars of aluminium semis may considerably increase aluminium consumption in Russia”, said Jürg Zehnder, Cideon (Germany) at a meeting with Russian manufacturers of railway cars which was held on June 2, 2010. According to him, ...
2010-06-03 10:11:40 In 2010 UMMC plans to invest more than 1 billion rubles in Sredneuralsky Copper Smelter development
In 2010 UMMC investment programme on development of JSC “Sredneuralsky Copper Smelter” (metallurgical complex of UMMC) is going to overtop 1 billion rubles, as it was announced by Andrey Kozitsyn, General Director of UMMC, at the meeting with the employees of the enterprise. ...
2010-06-03 10:08:47 NLMK Group’s EUR 524 million ECA-backed finance facility has been named ‘Deal of the Year’
NLMK Group’s ECA-backed loan, which raised EUR524 million to finance the purchase of imported equipment, has won the Trade Finance and Trade & Forfaiting Review magazines’ ‘Deal of the Year’ award.
NLMK Group closed the EUR524million facility in December 2009. ...
2010-06-02 10:37:47 Decisions made by the Board of directors of MMC Norilsk Nickel
On May 27 At the regular meeting of the Board of Directors of OJSC MMC Norilsk Nickel (hereinafter - MMC Norilsk Nickel or the Company) that took place today the following issues were considered:
I. Voting Ballot for the Annual General Meeting (AGM).
The Board approved the Voting ...
2010-06-02 10:35:17 VSMPO-AVISMA Corporation successfully obtained accreditation of Internal Export Control Program
Control Program
Federal Technical and Export Control Service (FTECS) of Russia issued Certificate of State Accreditation of Internal Export Control Program (IECP) to VSMPO-AVISMA Corporation.
State accreditation represents the work of executive authorities carrying out export control ...
2010-06-02 10:30:28 Severstal and Endeavour Financial reach agreement for building value in Crew Gold Corporation
Moscow, George Town, Grand Cayman and London, England, June 1, 2010 - OAO Severstal (“Severstal”) (LSE: SVST; RTS: CHMF) and its subsidiary Bluecone Limited, and Endeavour Financial Corporation (TSX: EDV) and its subsidiary Endeavour Financial Luxembourg SARL (collectively, ...
2010-06-01 10:22:42 OMK starts dispatching pipes for link 2 of North Stream Gas Pipeline
Vyksa Steel Works (VSW, Nizhni Novgorod Region), part of United Metallurgical Company (OMK), has dis-patched its first 3.5 thousand tonnes of large-diameter pipes for the construction of the second link of the North Stream gas pipeline, which will connect Russian and Germany via the Baltic ...
2010-06-01 10:19:11 OMZ Group, OAO NPO TsNIITMASH and OAO AHK VNIIMETMASH sign a strategic partnership agreement
On May 25 OMZ Group signed a general strategic partnership agreement with two leading Russian engingeering research institutes, OAO Scientific and Production Facility 'Central Scientific and Research Institute for Engineering Technology (OAO NPO TsNIITMASH) and OAO Joint Stock Holding Company ...
2010-05-31 11:06:15 Evraz repays Vnesheconombank loan
Evraz Group (LSE: EVR) ("Evraz" or the "Company") announces that it has fully repaid a US$1,007 million loan to Russia's State Corporation Bank for Development and Foreign Economic Affairs "Vnesheconombank” (VEB). This transaction was announced at the time of ...
2010-05-31 11:03:49 Mechel’s Board recommends dividend amount
Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces its Board’s dividend recommendation.
On May 28, 2010, Mechel’s Board of Directors recommended to the annual general shareholders’ meeting annual dividend of 1.09 rubles per one ...
2010-05-21 11:16:51 Professional publication for international partners
Metal Supply & Sales has pasted Metal and Steel Markets in Russia, a special English issue on the English version of the website. In 2010 the English version will be distributed at all the leading international trade shows including Bauma, Lamiera, Aluminium, Metals&MetallurgyChina ...
2010-05-21 10:51:46 In Jesenice important property issues for Acroni are settled
After a great crisis after 1990, several unsolved properly and legal relations existed between the Jesenice Municipality and the steelworks Zelezarna Jesenice, the legal successor of the former steelworks and a member of the group Slovenska Industrija Jekla (SIJ). The agreement was signed on ...
2010-05-21 10:41:45 Severstal North America sells remaining Northern Steel Group assets
Severstal North America announced today that it has signed and completed the sale for its three remaining businesses operated under Northern Steel Group, Inc., to Esmark Inc.
The assets that were sold to Esmark are Independent Steel (Ohio), Sun Steel (Ill.) and Century Steel (Ill.). ...
2010-05-20 10:43:28 Results of Evraz Group annual general meeting
Evraz Group (LSE: EVR) ("Evraz" or the "Company") announces that at its Annual General Meeting held on May 17 in Luxembourg all the resolutions were passed.
In particular, the shareholders approved the Directors' Report and the consolidated and stand-alone financial ...
2010-05-20 10:21:36 TMK announces Board of Directors decisions
TMK (LSE:TMKS), one of the world’s leading producers of steel pipes for the oil and gas industry announces that the OAO “TMK” Board of Directors has decided to convene an Annual General Meeting of Shareholders (AGM) on June 22nd 2010 in Moscow.
The OAO “TMK” ...
2010-05-19 11:37:37 Izhorskiye Zavody to ship hydrogenerator stator casing to Sayano-Shushenskaya hydro power plant
Izhorskiye Zavody, a part of OMZ Group, had manufactured and shipped the hydrogenerator stator casing for the rebuilding of Sayano-Shushenskaya hydro power plant.
The casing weighs about 100 tons.
Manufacturing contract for the hydrogenerator stator was signed in December 2009. The ...
2010-05-19 11:31:28 Severstal North America completes sale of select Northern Steel Group assets to Aurora Resurgence
Severstal North America has completed the sale of certain assets operated under Northern Steel Group, Inc., a leading steel services business, to an affiliate of Aurora Resurgence, a Los Angeles, Calif., private equity fund.
The sale includes Miami Valley Steel Service, Piqua, Ohio; ...
2010-05-18 12:36:51 Norilsk Nickel to hold the Investor Day in London
Today Norilsk Nickel (“MMC Norilsk Nickel” or “the Company”, or “the Group”) will hold the Investor Day in London. In the course of this event top managers of MMC Norilsk Nickel will make presentations for investors and analysts disclosing their vision of ...
2010-05-18 11:22:01 Electrozinc has gained 127.180M roubles net profit in Q1 2010
Electrozinc Vladikavkaz (part of Urals Mining and Metallurgical Company) announced production results in Q1 2010. In January - March 2010 the company has gained 1.086bn rubles profit including 591.806M rubles zinc sales income and 297.233M rubles lead sales income. Net profit reached 127.180M ...
2010-05-18 10:45:26 Evraz Group to issue Q1 2010 trading update
Evraz Group S.A. (LSE: EVR) (“Evraz”) issued its first quarter of 2010 trading update.
Highlights:
* Revenue for the three-month period ended 31 March 2010 was US$2,970 million
* Adjusted EBITDA was US$424 million with adjusted EBITDA margin of 14.3%
* Interest ...
2010-05-17 10:33:56 NLMK to purchase 100% stake in Kaluga Electric Steelmaking Plant
On May 14, 2010 NLMK purchased a 100% stake in CJSC Kaluga Electric Steelmaking Plant (KNPEMZ) from LLC Metallurgical Holding (a Maxi-Group subsidiary) for a total consideration of RUR 604.5m. The value of the company’s stake was determined by an independent appraisal. The main ...
2010-05-17 10:31:12 TMK participated at Offshore Technology Conference in Houston
TMK, one of the world’s leading producers of steel pipes for the oil and gas industry, announces that it took part in the Offshore Technology Conference (OTC). The conference took place May 3-May 6 in Houston, Texas (USA). The OTC is the world’s largest annual conference dedicated ...
2010-05-14 10:41:54 Mechel announces board of directors’ resolutions
Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces resolutions adopted by the company’s Board of Directors.
Mechel OAO’s Board of Directors meeting was held on May 12, 2010. The following resolutions were adopted at the meeting:
1. ...
2010-05-14 10:40:08 Severstal invests in iron ore projects in Congo and Gabon
OAO Severstal, one of the world’s leading integrated steel and mining companies, announces the multi-stage acquisition of new shares in Core Mining Limited. Core controls exploration licenses for the Avima iron ore deposit in the Republic of Congo (Brazzaville) and the Kango iron ore ...
2010-05-13 10:33:46 Aluminium profiles and structures manufacturers will gather in Moscow
Two weeks are left until the beginning of Aluminium: Alloys, Rolled Products and Profiles for Industry and Construction, 2d International Conference (May 26, Moscow).
Heads and professionals of aluminium, companies, steel traders, construction companies and official from the governmental ...
2010-05-12 11:52:38 Gurievsk Steel Mill to increase output
Gurievsk Steel Mill produced 18.6kt of open-hearth steel in April 2010 which is 88% more as compared to a corresponding period of 2009 (9.9kt). In April the mill produced 19.9kt of marketable rolled products which is almost 5times more compared to April 2009 (3.9kt) including 8.4kt of ...
2010-05-12 11:40:10 Severstal announces Q1 scrap procuring operational results
Over the first 3 months 2010 the total volume of ferrous raw materials supplied by Severstal-Vtormet (scrap procuring division) increased by 40% reaching 152kt as compared to a corresponding period of 2009. The share of Cherepovets Steel Mill in the dispatch structure has increased by 65% ...
2010-05-11 12:11:32 Russian aluminium exports increased by 5.8% in Q1
According to the statistics provided by the Federal Customs Service of the Russian Federation crude aluminium exports from Russia reached 827.5kt to the total amount of $1.448bn in Q1 2010 (the amount increased by 5.8% as compared to a corresponding period of 2009). Russian aluminium export ...
2010-05-07 11:55:37 Zlatoust Metallurgical Works raised output in April
Zlatoust Metallurgical Works produced more than 35.2kt of finished products and melted 20.6kt of steel on open-hearth and electric furnaces in April. Output of marketable products in April increased by 16% as compared to March, while steel output increased by 14%. Demands for stainless steel ...
2010-05-07 11:48:12 The biggest manufacturers of aluminium rolled products will gather in Moscow
In less than 3 weeks Aluminium: Alloys, Rolled Products and Profiles for Construction, 2d International Conference organized by Metal Supply & Sales magazine will begin in Moscow. The conference will be held during Auminium/Non-Ferrous-2010 exhibition.
One of the sessions will be ...
2010-05-06 13:25:27 MMK-Metiz plans to increase output
In 2010 MMK-Metiz plans to produce and sell 375.5kt of marketable products which is 21% more as compared to 2009. In 2009 the plant reduced output by 54% from 668kt produced in 2008.
In 2010 the major investment projects of the plant include buying and setting up of production lines ...
2010-05-06 13:14:10 Rostov Electric-Metallurgical Plant increase billets output in April
Rostov Electric-Metallurgical Plant output in April exceeded 61.2kt of continuous cast billets which is 2% more compared to March. Over the first 4 month 2010 the Plant produced more than 204.8kt of billets which is 57% more compared to the corresponding period last year (130.2kt).
Sales ...
2010-05-05 10:57:54 Acroni enters the market of steel armour plates
At the beginning of April, tests were conducted on the ballistic protection of the new generation of armour plates PROTAC by Acroni, the SIJ Group – Slovenska industrija jekla, in Nikinci in Serbia. The aim of the tests was to determine the level of ballistic protection according to the ...
2010-05-05 10:49:58 Russian Steel-Makers have Already Taken up Almost 1/3 of Export Quotas to EU
According to the statistical report of the European Commission Russian steel enterprisers supplied more than 1.01Mt of steel to EU in January – April 2010 having taken up 31.7% of the export quota set up by the EU. According to an agreement signed between the Russian Federation and the ...
2010-05-04 12:35:37 NLMK product quality complies with international standards
Novolipetsk Steel has passed a series of audits conducted by TÜV CERT, the independent German certifying agency. During the audit procedure, TÜV CERT experts examined the Company’s overall Quality Management System confirming its compliance with international standard ISO ...
2010-04-30 11:17:01 Domestic sales of aluminium profiles raised in Q1 2010
O. Dolgopolov, Deputy Director General for Commerce, Agrisovgaz stated at an open session of the Russian Union of Metal and Steel Suppliers in Moscow that domestic sales of aluminium profiles had raised 30 to 50% in Q1 2010 as compared to a corresponding period of 2009. However, O. Dolgopolov ...
2010-04-30 10:49:06 Evraz sells the Koksovaya coal company to Raspadskaya
Evraz Group announces the closing of the transaction to sell 100% of the voting shares of ZAO Koksovaya (“Koksovaya”), a wholly owned subsidiary of Evraz’s Yuzhkuzbassugol, to ZAO Raspadskaya-Koksovaya, part of OAO Raspadskaya coal company (both hereinafter referred to as ...
2010-04-29 10:30:58 Aluminium market in search for new ideas
Now a slight raise in demand has been registered in the Russian aluminium market; however, nobody knows how long it will last. For example although construction sector accounts for half of the total aluminium profiles consumption now only a few new projects have been recently launched. ...
2010-04-29 10:09:08 MMK announces financial results under Russian Accounting Standards for Q1 2010
The results reflect MMK (parent company) operations only and may vary significantly from the consolidated financial results under IAS.
.
-MMK produced 2.453 mln tons of finished products in Q1 2010
-MMK revenue under RAS increased by 6% compared to Q4 2009 and amounted to RUR ...