CIS Steel Industry News

Russian company Evraz may restart Portland pipe mill (The Oregonian)
Fri 6 Nov 2009 3:01am
Evraz Group may reopen an Oregon Steel pipe mill in Portland that the Russian company closed in July, employing perhaps 100....


Magnitogorsk May Use Fortescue Stake as Collateral (Update2) (Bloomberg)
Thu 5 Nov 2009 5:27pm
Nov. 5 (Bloomberg) -- OAO Magnitogorsk Iron & Steel , Russias third-largest steelmaker, may use its A$569 million ($514 million) stake in iron ore producer Fortescue Metals Group Ltd....


Magnitogorsk May Use Fortescue Stake as Collateral (Correct) (Bloomberg)
Thu 5 Nov 2009 11:57am
(Corrects percentage of iron ore in last paragraph.) Nov. 5 (Bloomberg) -- OAO Magnitogorsk Iron & Steel , Russias third-largest steelmaker, may use its A$569 million ($514 million)......


Magnitogorsk May Use Fortescue Stake as Collateral for Funding (Bloomberg)
Thu 5 Nov 2009 1:57am
Nov. 5 (Bloomberg) -- OAO Magnitogorsk Iron & Steel , Russias third-largest steelmaker, may use its A$574 million ($521 million) stake in Australian iron ore producer Fortescue Meta......


Esmark?s Bouchards Resume Takeover Hunt After Severstal Sale (Bloomberg)
Wed 4 Nov 2009 6:53pm
Nov. 4 (Bloomberg) -- Esmark Inc. is poised to reenter the U.S. steel industry little more than a year after taking advantage of record prices for the metal to sell its business to R......


Mechel Announces New Appointments (GlobeNewswire via Yahoo! Finance)
Mon 2 Nov 2009 1:05pm
MOSCOW, Russia -- Mechel OAO , one of the leading Russian mining and metals companies, announces appointment of the new Chief Executive Officer for Mechel's East-European Steel Divis......


NLMK closes book on 10 bln rouble, 10.75 pct bond (Reuters via Yahoo! Malaysia News)
Fri 30 Oct 2009 4:27pm
MOSCOW, Oct 30 (Reuters) - Novolipetsk Steel , Russia's fourth-largest steelmaker, said on Friday it has closed the book on a 10 billion rouble ($341 million) bond with a coupon of 1......


Mechel Reports Its Operational Results for the First Nine Months of 2009 (GlobeNew...
Mon 26 Oct 2009 1:00pm
MOSCOW -- Mechel OAO , one of the leading Russian mining and metals companies, announced today its operational results for the first nine months of 2009*....


Mechel May Sell Shares of Mines Unit in 2010, List in Hong Kong (Bloomberg)
Fri 23 Oct 2009 1:38pm
Oct. 23 (Bloomberg) -- OAO Mechel , Russias largest producer of coal used for steelmaking, may sell shares of its mining division next year and is considering listing them in Hong K......


Russia's NLMK raises full-year steel output target (Reuters via Yahoo! Asia News)
Thu 22 Oct 2009 11:30am
MOSCOW, Oct 22 (Reuters) - Novolipetsk Steel , Russia's fourth-largest steelmaker, expects to produce 10.5 million tonnes of steel this year, up from an earlier target of 10.0 millio......


Russia Mechel places 5 bln roubles of bonds (Reuters via Yahoo! Philippines News)
Wed 21 Oct 2009 2:14pm
MOSCOW, Oct 21 (Reuters) - Russian steel and coking coal producer Mechel said on Wednesday it raised 5 billion roubles ($171 million) via a bond placement in order to fund part of th......


(AFX UK Focus) 2009-10-16 17:10 UPDATE 1-Russia's MMK doubles stake in coal miner ...
Fri 16 Oct 2009 5:13pm
MOSCOW, Oct 16 (Reuters) - Magnitogorsk Iron and Steel Works bought control of Siberian coal miner Belon on Friday, doubling its stake to 82.6 percent to secure stable raw material s......