Metallurgy news. December

The Cypriot company GRK EASTERN GEOLOGY LIMITED, which is in the process of liquidation, was excluded from its ownership structure. Its shareholders received shares of Holding Company BYSTRA in proportion to their stakes in the authorised capital, thus the distribution of shares among the shareholders of Bystra remained unchanged: Nornickel — 50.01%, Interros — 36.66% and United Resources Limited (a structure of the HOPU Investments fund) — 13.33%. Vladimir Potanin, President of Nornickel, commented: ...

RUSAL announces the creation of a new AlZn alloy for the automotive industry. The Company has been successfully running several R&D projects with top global automotive parts suppliers on proprietary AlZn alloy. The new alloy is developed on the basis of the Al-Zn-Mg system with additional alloying with Fe-Ni to improve manufacturability during casting. It has increased strength characteristics compared to those serial alloys that are widely used in the automotive industry. This high-strength ...

The award ceremony for the annual competitions held by the Russian Union of Metal and Steel Suppliers for metal trading companies took place following the close of the 27th International Conference “Russian Metal Market-2023”, held last week in Moscow. Denis Chernenko, Head of MMK’s Marketing and Technical Support Department, was in attendance. MMK Trading House and its individual business divisions were once again among the winners at the event. The company’s Magnitogorsk division received ...

NLMK Group has increased truck shipments of metal products from its Logistics Centre at NLMK Lipetsk to 1 million tonnes per year. This is a record volume of truck shipments since the centre began operations in 2020. Development of truck transportation enables fast, reliable and safe deliveries. It also allows customers to maintain lower metal inventories and plan their production operations more efficiently. NLMK Logistics Centre offers shipment services to customers in Russia’s Central Federal ...