Metallurgy news
- 2007-05-17 10:15:28
Metal-Expo International Exhibition
In the recent years, distribution of ferrous and non-ferrous metals is modernized in Russia quite quickly including equipping with modern equipment for warehouses, stocks and steel service centers, equipment for processing, handling, just in time supplies etc. ... - 2007-05-16 13:37:03
Oskol Steel Works saw an improvement in its financials in Q107
Oskol Steel Works (OEMK), part of Metalloinvest Holding, saw a dramatic improvement in its financials in Q107. In particular, the company’s sales (in comparable values) jumped nearly 40% y-o-y to $377 mln. In addition, gross profit climbed nearly 50% to $114 mln as a result of lower ... - 2007-05-16 12:57:25
Evraz Group’s major operating subsidiaries report 1Q 2007 RAS Financial Results
Evraz Group S.A. (LSE: EVR) announces that its major Russian operating subsidiaries 1 have filed financial results with the Federal Financial Markets Service of the Russian Federation (FFMS) for the three months ended March 31, 2007. The results are prepared in accordance with Russian ... - 2007-05-16 10:14:57
Petroleum Development of Oman Certifies VSW as Pipe Supplier
Petroleum Development of Oman (PDO), Sultanate of Oman, a leader in the Middle East energy market, has included Vyksa Steel Works (VSW, Nizhni Novgorod Region), part of United Metallurgical Company (OMK), in its list of certified suppliers of main pipes. Petroleum Development of Oman is ... - 2007-05-16 10:14:52
MMC Norilsk Nickel has suspended of Dudinka port operations due to commencement of spring flooding on the Enisey river
The water level at the Dudinka port has reached the point at which port operations are temporarily halted. Therefore, according to normal procedures at the port, cranes and loading equipment have been moved from loading platforms to a safer, higher level during the flood period. The most ... - 2007-05-15 19:05:21
Russia Helped to Build Boeing-787
New airliner Boeing-787, built with the active participation of Russian companies, will take its first flight in June this year. About 1’900 Russian engineers from different design offices work for Boeing. This was announced by Thomas Pickering, Boeing consultant and former US ambassador ... - 2007-05-15 14:12:18
United Company RUSAL is planning to make an IPO in November 2007
The Board of Directors Viktor Vekselberg pointed out that the Board would define parameters of the additional share issue in August-September 2007. Vekselberg did not name the exact size of the prospective IPO, but said that the company's main goal was to become a public company. Vekselberg ... - 2007-05-15 12:16:29
Metals Market of the Far East - 2007
On May, 17 -18, 2007 Russian Union of Metal and Steel Suppliers (RUMSS) and RUSTEEL will hold “Metals Market of the Far East - 2007” conference in Khabarovsk, during which 2006 will be summed up and tendencies of 2007 will be specified. For the first time the problems of deliveries ... - 2007-05-15 10:43:49
UC RUSAL and HYDROOGK begin construction of Boguchanskiy Aluminium Smelter
UC RUSAL and HydroOGK have begun construction of the Boguchanskiy Aluminium Smelter. The 600,000 tpa-strong smelter will be one of Russia’s five largest. Total investment in this project is expected to reach USD 2.3 bln. The Boguchanskiy Aluminium Smelter is being built as part ... - 2007-05-14 11:29:25
Norilsk Nickel to boost investments 50%
The BoD of NorNickel has adopted a decision to approve a new investment program whereby investments in 2007 are to be increased 50% to $1.3 bn. The figure does not include M&A outlays. According to NorNickel, the bigger investments are needed ... - 2007-05-14 09:52:59
Mechel announces commissioning of new berth at its Trade Port Posiet subsidiary
JSC Mechel (NYSE: MTL) announces the commissioning of a new berthing wall and warehouse area at its subsidiary, Trade Port Posiet OAO. The commissioning will enable the port to accept a new class of 40K tonne ships this year and will allow Mechel to broaden its capabilities of marketing coal ... - 2007-05-14 01:48:29
Net income surged up 201.4%
Novosibirsk Tin Plant’s net income surged to Rb 4,407,000 (approximately $170,000) in Q1 2007, up 201.4% as compared to the same period of 2006. Novosibirsk Tin Plant reported a healthy 201.4% y-o-y improvement in net income, which rose ... - 2007-05-11 10:29:02
OMK and Gazprom Approve Scientific and Technological Cooperation Program for 2006-2009
The Program's main objective is to master the production of import-substituting and new types of pipes, as well as pipeline fittings with high technical and economic characteristics to meet Gazprom's needs. Specialists of OMK, as well as Vyksa Steel Works and Trubodetal, part of OMK, ... - 2007-05-10 12:02:28
The European Union trims import duty
The European Union trims import duty on aluminum from 6 percent to 3 percent. Until recently, the EU duty on primary aluminum and aluminum alloys stood at 6 percent. The reduction hasn’t extended to alloys, i.e. their duty will remain 6 percent for a while. The aluminum ... - 2007-05-10 10:53:38
Net profit dropped down
According to the financial and economic results of the Company for 2006, Belon Group increased total coal production by 6% which amounted to 3,381 thousand tons, while the overall financial performance declined. Primarily, such increase was achieved due ... - 2007-05-10 10:30:26
Overall results of January-April 2007
MMK continues to report stronger operating indicators, including a 8.8% improvement in output of rolled products to over 4 mln tn in January-April, 2007. The steelmaker is perfectly capable of turning out 12 mln tn of rolled ... - 2007-05-08 16:40:51
Investment projects in Russia
Today a number of investment projects are quickly developed aiming at building of mini-plants for production of steels, billets, structural steels as well as flats. More than 20 such projects have been announced by different companies in the last 2 years which will require ... - 2007-05-08 15:21:17
Chusovoy Metallurgical Works has summed up its production results for April 2007.
In April 2007, Chusovoy Metallurgical Works produced 7,600 tonnes of automobile springs – a 36% increase as compared with April 2006 (5,600 tonnes). Since early 2007, CMW has produced 25,800 tonnes of automobile springs – a 35% increase YOY (19,100 tonnes). In April 2007, CSW ... - 2007-05-07 14:32:39
Evraz Group purchased of a 29.2% stake in Highveld Steel from Anglo American
Evraz Group S.A. (LSE: EVR) announced the purchase of a 29.2% stake in Highveld Steel and Vanadium Corporation from Anglo American plc for US$238 million. In an agreement announced on summer 2006, Evraz purchased a 24.9% stake in Highveld from Anglo American. Thus, Evraz owns ... - 2007-05-07 11:46:33
Vyksa Steel Works Sums Up Production Results of April and 4 Months 2007
In April 2007, Vyksa Steel Works produced 158,924 tonnes of pipes – a 33.3% increase as compared with April 2006 (119,162 tonnes). Since early 2007, VSW has manufactured 634,529 tonnes of pipes of various sizes – a 42.2% increase YOY (446,174 tonnes). In April 2007, VSW ... - 2007-05-07 10:46:48
Basic Element has acquired 3 percent of Hochtief AG
Basic Element, through its affiliate (Rasperia Trading Limited), has acquired 3 percent of publicly traded shares in Hochtief AG (Essen, Germany), repots press-center of Basic Element. Hochtief is recognized as one of the truly global leaders in construction and construction-related ... - 2007-05-03 14:49:02
NLMK-Duferco JV to Acquire Winner Steel
NLMK-Duferco JV has reached a definitive agreement with Winner Steel INC. and its controlling shareholder to acquire substantially all the assets of Winner Steel INC. and certain of its liabilities. The acquisition will be effected through Duferco U.S. Investment Corporation, a ... - 2007-05-03 13:41:28
Norilsk Nickel Announces All-Cash Offer to Acquire LionOre Mining International Ltd.
OJSC MMC Norilsk Nickel today announced that it will make an all-cash offer to acquire all of the outstanding common shares of LionOre Mining International Ltd. (“LionOre”) (Toronto Stock Exchange and Australian Securities Exchange symbol: “LIM”; London Stock ... - 2007-05-02 16:00:11
Norilsk Nickel Group made tender offer to OGK-3 shareholders
Today, on May 2, 2007, in accordance with Russian law OJSC Norilsk Zavenyagina Mining and Metallurgical Works, a company of the Norilsk Nickel Group, submitted to OJSC “The Third Generation Company of the Wholesale Electricity Market ” (“OGK-3”) the mandatory tender ... - 2007-04-29 10:27:16
SeverStal buys Neva-Metal and Neva Metal Trans for $100 million
SeverStal announced that it has acquired cargo company Neva-Metal and freight forwarding company Neva Metal Trans for US$100 million (Neva Metal company for US$ 98,698 million and Neva Metal Trans for US$ 1,308 million) in a move designed to set up an independent export-logistics operation and ... - 2007-04-29 07:50:55
Deficit of reinforced steel rolled products, galvanized and painted flat rolled products is is forecast for 2008 – 2009
Due to large-scale building of new industrial and civil establishments in 2007 Russia is suffering deficit ofsome types of metal and steel products e.g. demand for reinforced steel rolled products will exceed the domestic supplies 1.5 - 2 mln tn. Due to considerable demand for metal and steel ... - 2007-04-28 10:47:10
Changes in the shareholder structure of the Severstaltrans Company Group
The Severstaltrans Group presently includes more than 20 companies that operate in various transportation industry sectors. Before this agreement was reached, the group’s shareholders on a parity basis were Aleksey Mordashov (50%) and the senior executives of the Severstaltrans Group ... - 2007-04-27 13:15:11
Chelyabinsk Zinc Plant: + 15.5% in Q1
Chelyabinsk Zinc Plant (LSE: CHZN, RTS: CHZN is pleased to announce its production results for the first quarter of 2007. In January - March 2007 Chelyabinsk Zinc Plant (CZP) produced 40,145 tons of SHG zinc and zinc based alloys, 15.5% more than for the same period of 2006 (34,763 tons). ... - 2007-04-27 10:57:29
Net income in Q1
ChTPZ reported relatively strong growth in net income, drafted to RAS, for Q1 2007, which, , was the result of bigger pipe output. In Q1 2007, Chelyabinsk Pipe Rolling Plant (ChTPZ) boosted RAS net income 95% y-o-y to Rb 1,193 mln (around $46 mln), or 34% on Q4 2006. For the ... - 2007-04-26 13:55:36
United Company RUSAL to launch Сentre for Thermal Power Research
United Company RUSAL today brings together over 40 power experts at a conference to address the challenges of coal power development, in Krasnoyarsk - the first stage in its plan to open a thermal power research centre in the city. United Company RUSAL intends to open a research and ... - 2007-04-26 13:25:31
Evraz Group is selling the sales divisions
Evraz Group is selling the sales divisions of its trade house with the yearly rolled metal products turnover of 1 mln tons, reports Kommersant. Their buyer - Swiss Carbofer General Trading which, according to some market participants, presents interests of Alexander Katunin, ex co-owner of ... - 2007-04-25 16:30:33
Mechel to install a new shearing press
JSC Mechel (NYSE: MTL) announces the installation and commissioning of a new shearing press in the electric arc furnace shop at its Romanian steel plant Mechel Targoviste in compliance with its technical re-equipment plan. The work has been completed in line with the current stage of Mechel ... - 2007-04-25 14:14:59
West Siberian Metallurgical Plant to pay lavish dividends
The BoD of West Siberian Metallurgical Plant (ZSMK) has adopted a decision to recommend the company’s shareholders to approve FY06 dividend payouts of $8.50 (Rb 221) per share. It is noteworthy that the metal maker paid ... - 2007-04-25 12:19:58
Belon Shares now listed on MICEX
Pursuant to the decision of the Board of Directors of ZAO MICEX Stock Exchange, the shares of the Company were included in the portfolio of non-listed stock. Therefore, 11.5 mln. uncertificated registered ordinary shares of OAO Belon (state ... - 2007-04-25 10:24:47
The Norilsk Nickel Group produced 61 thousand tn of nickel
Mining and Metallurgical Company ("MMC") Norilsk Nickel ("the Company", "Norilsk Nickel Group") announces preliminary consolidated production figures for the first quarter of 2007. Tav Morgan, Deputy General Director of MMC "Norilsk Nickel" ... - 2007-04-24 12:41:43
Maxi-Group to possess $50 mln credit
Promsvyazbank, JSCB has announced giving Maxi-Group (Ekaterenburg) a $50 mln credit for 12 months as a part of a pre-export financing program. The possessed credit will be spent on purchase of ferrous metals scrap for rolled billets production on Nizhneserginskiy Metal Ware Metallurgical Plant ... - 2007-04-24 11:10:42
Yuzhuralnickel’s net income surged 37% in Q1 2007
Yuzhnouralsky Nickel Plant, which is part of Mechel Group, boosted net income to $83.8 mn in Q1 2007, up 37% against $61 mn in Q4 2006, the company said in its press release devoted to this important release. The main drivers behind this strong ... - 2007-04-23 11:54:51
MMC Norilsk Nickel announces the results of the audit of Bystrinskoye deposit
As part of its strategy for the exploration and development of new mineral deposits in the territory of the Russian Federation MMC Norilsk Nickel provides the information on the ore reserves and mineral resources at the Bystrinskoye deposit. The audit of the ore reserves and mineral resources ... - 2007-04-23 10:47:32
Net income was up by 56.3% in Q1
Magnitogorsk Iron and Steel Works announced its financial statements for the first quarter of 2007, reported in accordance with Russian Standards of Accounting Reporting. These results are for JSC MMK only and not its subsidiaries. JSC MMK’s net revenues for the first quarter of ... - 2007-04-23 10:10:47
VSMPO-Avisma has rolled back its IPO
Titanium corporation VSMPO-Avisma has rolled back its IPO for an indefinite period of time. Russian corporation VSMPO-Avisma, the world’s biggest manufacturer of titanium products for the aerospace industry has decided to postpone its initial public offering for an indefinite ... - 2007-04-23 01:52:14
TMK Announces Top Management Appointments
JSC TMK, announced today that it has appointed Vladimir Shmatovich as its Senior Vice-President for Strategy and Business Development. After leading TMK’s IPO as CFO, Mr. Shmatovich will now focus on TMK’s strategic development, including mergers and acquisitions, the ... - 2007-04-20 14:45:29
VSMPO-AVISMA to Increase Titanium Products Output up to 44 thou. Tons by 2012
A project of the Program of Strategic Development up to 2012 and budget of the company for 2007 have been considered at the meeting of the board of directors of VSMPO-AVISMA Corporation in Ekaterinburg. The board of directors has approved the concept of the Program of Strategic Development of ... - 2007-04-20 14:04:23
Reconstruction of 250 Merchant Mill has Completed at Nizhnie Sergy Metalware and Metallurgical Plant
The main reconstruction works of 250 merchant mill have completed at Nizhnie Sergy Metalware and Metallurgical Plant, reported Maxi-Group press center. Thus, due to the new double-stranded mill output of rebar steels will reach 1 mln tons in 2007. The reconstruction of the rolling ... - 2007-04-18 14:32:24
SeverStal invests $77 million
SeverStal invests $77 million at its Cherepovets steel plant to boost production of rolled products for the construction industry SeverStal today announced an investment of $77 million at its Cherepovets plant to improve its continuous hot-dip galvanizing (HDG) line. The investment is in ... - 2007-04-18 10:15:28
Rebar Rolled Products: Production, Consumption and Prices for 2007 Season
Rebar Rolled Products: Production, Consumption and Prices for 2007 Season, conference will be held tomorrow on April 19. The conference will be organized by Metal Supply and Sales magazine and supported by the Russian Union of Metal and Steel Suppliers. Russian rebar rolled products ... - 2007-04-18 00:09:38
Signing of agreement on complex development of lower Angara region
The parties involved in the Complex Development of Lower Angara Region Project, signed an agreement on joined financing through the resources of the Russian Investment Fund as well as commercial enterprises. The project is based around the Boguchanskoye Energy and Metals Complex. The ... - 2007-04-17 12:18:33
Rusal to produce 1 mln Tones of Aluminium in Q1
United Company RUSAL has today announced production results for the Q1 of 2007 achieved by the combined facilities of RUSAL, SUAL and the alumina assets of Glencore. Aluminium production rose by 2.5% compared to the same period of last year and reached 999.4 thousand tones. Alumina ... - 2007-04-17 11:55:38
NLMK posts higher 2006 net profit
JSC Novolipetsk Steel (“NLMK”, “the Group”) today announced its preliminary consolidated US GAAP results for the 2006 year. Revenue stepped up 38 percent to around $6.046 bln. The company's EBITDA grew 26 percent to $2.631 bln and EBITDA margin amounted to 44 ... - 2007-04-17 11:16:13
Raspadskaya Mine saw weaker financials
Raspadskaya Mine released FY06 IAS consolidated financials. According to the report, the company saw weaker financials. Sales dipped 13.4% to $468.8 mln, EBITDA plunged 24% to $260 mln and net income crashed 33% to $120 mln. According to the ... - 2007-04-17 11:03:16
NLMK to approve a decision to declare cash dividends for 2006
On April 16, 2007 NLMK's Board of Directors took the decision to hold a General Shareholders' Meeting on June 5, 2007. The Company's Board of Directors has recommended that the general shareholders' meeting approve a decision to declare cash dividends for 2006 on ordinary issued shares in the ...
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