CIS Steel Industry News

More workers back at Severstal Wheeling (West Virginia Public Broadcasting)
Thu 11 Mar 2010 12:53pm
Russian steelmaker Severstal lost more than a billion dollars in 2009, according to its latest earnings report. But now the company is showing signs of improvement, especially at its......


Mechel Announces Accident at Its Chelyabinsk Metallurgical Plant (GlobeNewswire vi...
Thu 11 Mar 2010 12:22pm
CHELYABINSK, Russia -- Mechel OAO announces gas flash at its Chelyabinsk Metallurgical Plant subsidiary....


Market Report -- In Play (MTL) - MSN Money
Thu 11 Mar 2010 12:18pm
Mechel Steel announces accident at Its Chelyabinsk metallurgical plant Co announces gas flash at its Chelyabinsk Metallurgical Plant (CMP) subsidiary. On March 11 at 9:30 a.m. local ......


Russian Billionaires Double on Economic Revival, Forbes ... - BusinessWeek
Thu 11 Mar 2010 8:51am
The chairman of OAO Novolipetsk Steel, the countrys largest steelmaker by market value, ranked 32nd in the magazines list of billionaires, published late yesterday, with a fortune ......


India seeks U.S., Colombia coal to fill supply gap - Reuters India
Wed 10 Mar 2010 6:03pm
Companies attending included Colombia's Cerrejon, exporters, Vale, Xstrata, Rio Tinto, BHP Billiton, Anglo Coal and SUEK and Mechel from Russia. Continued......


Mechels Credit Line Extended - Zacks.com
Tue 9 Mar 2010 8:20pm
In February 2009, Gazprombank had opened credit lines totaling $1 billion for Mechel Mining's subsidiaries. The credit facilities provided were used to finance the group's current op......


Severstal Posts Unexpected Loss on Currency, Tax (Update3) (Bloomberg)
Tue 9 Mar 2010 5:56pm
March 9 (Bloomberg) -- OAO Severstal , Russias biggest steelmaker, posted an unexpected fourth-quarter $162 million loss after taking charges on deferred tax related to its U.S. ope......


Mechel Announces Visit of the President of Sakha (Yakutia) Republic and Amurskaya ...
Tue 9 Mar 2010 2:03pm
NERYUNGRI, Russia -- Mechel OAO , one of the leading Russian mining and metals companies, announces visit of the President of Sakha Republic Vyacheslav Styrov and Amurskaya Oblast Go......


Severstal Posts Unexpected Loss on Currency, Tax (Update1) (Bloomberg)
Tue 9 Mar 2010 11:26am
March 9 (Bloomberg) -- OAO Severstal , Russias biggest steelmaker, posted an unexpected $162 million loss for the fourth quarter after taking charges on deferred tax and the convers......


SUMMARY: Severstal posts over $1 bln losses last year ... - Interfax Information A...
Tue 9 Mar 2010 10:19am
MOSCOW. March 9 (Interfax) - Severstal (RTS: CHMF) said it was more confident about the prospects for 2010 after closing last year, a difficult one for the global steel industry, wit......


Resolute Energy oil and gas reserves up 31 percent - Tacoma News Tribune
Fri 5 Mar 2010 3:32pm
... Profits for energy producers, steelmakers in Russia: Happy days are here again Russian stocks extended this weekâ??s rally after oil climbed above $78 a barrel and OAO Novolipets......


Novolipetsk Seeks $1.7 Billion Selling Ruble Bonds (Update1) (Bloomberg)
Fri 5 Mar 2010 9:57am
March 5 (Bloomberg) -- OAO Novolipetsk Steel , Russian billionaire Vladimir Lisins steelmaker, is seeking to raise 50 billion rubles ($1.7 billion) through an offer of 10-year domes......


Novolipetsk Seeks $1.7 Billion Selling Ruble Bonds ... - BusinessWeek
Fri 5 Mar 2010 9:41am
March 5 (Bloomberg) -- OAO Novolipetsk Steel, Russian billionaire Vladimir Lisins steelmaker, is seeking to raise 50 billion rubles ($1.7 billion) through an offer of 10-year domest......


Severstal approaches Tata, Arcelor to sell Italian unit - Economic Times
Thu 4 Mar 2010 11:54pm
MUMBAI: OAO Severstal, Russias largest steelmaker, is planning to sell one of its units in Italy and has reportedly approached Tata Steel and ArcelorMittal, according to internation......


Russia's Mechel $1 bln Gazprombank facility extended (Reuters via Yahoo! Philippin...
Thu 4 Mar 2010 3:54pm
MOSCOW, March 4 (Reuters) - Russian steel and coking coal producer Mechel said on Thursday its $1 billion credit facility with Gazprombank had been extended to six years from three y......