CIS Steel Industry News

Metinvest Groups official position
Fri, 20 Sep 2019 17:48:18 GMT
Inaccurate information has been spreading in the Ukrainian media, alleging that Metinvest Group is seeking to monopolise the coking industry. We view such reports as an attempt to place pressure on the Group and discredit its


Russia: Metalloinvest gets 300-million euro loan
Thu, 19 Sep 2019 09:51:12 GMT
Metalloinvest has opened a pre-export financing credit line with a number of Russian and international banks. The PFX-2019 amount is 300 million euro, and the maturity rate is 4.25 years. The agreement has been concluded under the strategy to manage loans. The funds will be used to improve the loan portfolio, in particular, to


MMK will present its project Attraction at PROestate investment ...
Wed, 18 Sep 2019 00:00:00 GMT
The Magnitogorsk Iron and Steel Works (MMK) is taking part in the international real estate investment forum PROEstate 2019, which kicked off today in


Ukraine: Interpipe Niko Tube CEO retires
Fri, 13 Sep 2019 09:52:21 GMT
Sergey Filipiev has been appointed Interpipe Niko Tube CEO from September 11. He has been working at major metal enterprises for over 20 years. Before coming to Interpipe he has been working at Chusovoy Iron and Steel Works (Russia). Valeriy Karpyuk, who has been heading the company since 2017, has retired. (Ukrainian


MMK saves more than USD 38.3 million thanks to increased production ...
Fri, 30 Aug 2019 00:00:00 GMT
According to results for the first half of 2019, the implementation of programmes aimed at improving production efficiency at the Magnitogorsk Iron and Steel Works (MMK) has had an economic impact in excess of USD 38.3


Metinvest - Press Release
Tue, 27 Aug 2019 00:00:00 GMT
New equipment at Ilyich Iron and Steel Works of Mariupol (MMKI) saves natural resources


Economic impact of innovation proposals at MMK increases by 40%
Tue, 27 Aug 2019 00:00:00 GMT
The economic impact of rationalization proposals implemented at Magnitogorsk Iron and Steel Works (MMK) amounted to almost RUB 380 million in H1 2019 - a 40% increase


NLMK supplies NGO steel for Rostov regions first-ever wind farm
Tue, 20 Aug 2019 00:00:00 GMT
NLMK Lipetsk, NLMK Groups flagship production site, has delivered electrical non-grain oriented (NGO, or dynamo) steel to Ruselprom (Russian Electrotechnical Group), a leading manufacturer and supplier of electrical machinery in


Russia: Mechel hopes for another debt postponement
Fri, 16 Aug 2019 09:51:02 GMT
Mechel intends to reach agreements with its main creditors to postpone debt-clearing time. In 2016 the company agreed with the state banks and restructured the larger part of its debt, having postponed payments to 2020-2022. The company has started new talks with its creditors believing that the current cash flow will not be enough


Russia: ChMZ starts processing uranium wastes
Fri, 16 Aug 2019 09:49:55 GMT
Chepets Mechanical Works has started trial work to process wastes originated when the company produced uranium tetraftorid. This is the first project in Russia to process uranium tailings bottom sediment. The uranium tetraftorid manufacture (the first stage of uranium conversion) was shut down in 2013. Research showed that the company could now produce ammonium


Metinvest - Press Release
Fri, 16 Aug 2019 00:00:00 GMT
Metinvest Group's enterprises expand product mix


TMK Announces 2Q 2019 IFRS Results
Thu, 15 Aug 2019 23:37:45 GMT
PAO TMK (TMK or the Group), one of the worlds leading producers of tubular products for the oil and gas


Ukraine: EMSS ships rolls to Mariupol Ilyich
Fri, 09 Aug 2019 09:46:50 GMT
In July Energomashspetsstal shipped a batch of rolls for rolling mills to the Mariupol Ilyich Iron and Steel Works. The corresponding agreement was concluded in November 2018. The batch comprised of 7 supporting rolls with the combined weight of over 200 tons. Among them was a bulk roll weighing 120 tons to be used


New cargo train links central China with Moscow
Wed, 07 Aug 2019 09:00:00 GMT
Trade between Russia and Henan also registered rapid growth. Food, wine and beverage are the main imports from Russia while commodities, electronic products, lamps and steel products are popular


Altai-Koks embarks on equipment assembly for stamp charging
Tue, 06 Aug 2019 00:00:00 GMT
NLMK Group has embarked on the assembly of main process equipment to implement the stamp charging technology at its operating coke oven battery at Altai-Koks, a leading Russian manufacturer of metallurgical


Stoilensky produces its 15-millionth tonne of pellets
Mon, 05 Aug 2019 00:00:00 GMT
Stoilensky, part of NLMK Group, has produced its fifteen-millionth tonne of pellets since the launch of its pelletizing plant. Launched in November 2016, the pelletizing plant has a design capacity of 6 million tonnes of pellets per year. In 2018, the plant reached the production capacity of 6.7 million tonnes of pellets (+12% yoy). In March Stoilensky signed a development contract with the Finnish company Outotec to increase the pelletizing plant's installed capacity by a third - from 6 to


Metalloinvest presents updated Development Strategy
Mon, 05 Aug 2019 00:00:00 GMT
Metalloinvest, a leading global producer and supplier of HBI and iron ore products, and one of the regional producers of high-quality steel, has updated its Development Strategy. The Strategy aims to allow the Company to maintain the leading position in the metals and mining industry and continuously enhance the Companys efficiency. In 2015, Metalloinvest announced Strategy 2023, which aimed to strengthen the Companys position as the global leader in hot briquetted iron (HBI) production;


Severstal announces sale of Mini-Mill Balakovo
Mon, 05 Aug 2019 00:00:00 GMT
PAO Severstal (the Company) one of the worlds leading vertically integrated steel and steel-related mining companies, announces that it has entered into a definitive agreement with Abinsk Electric Steel Works LTD for the sale of Mini-Mill Balakovo. The consideration of the transaction will be $215 million. The transaction is expected to complete in first half of 2019 following the receipt of approvals and other standard conditions. Alexander Shevelev, CEO of Severstal, commented:


Vyacheslav Vorotnikov appointed Managing Director of NLMK Lipetsk
Mon, 05 Aug 2019 00:00:00 GMT
NLMK Group is pleased to announce the appointment of Vyacheslav Vorotnikov as Managing Director of NLMK Lipetsk, effective 5 August 2019. Mr. Vorotnikov previously held the position of NLMK Lipetsks Director of Production Planning and


MMK implements digitalisation programme in partnership with Deloitte ...
Mon, 05 Aug 2019 00:00:00 GMT
Deloitte CIS has completed an assessment of MMKs digital maturity and transformation potential as part of MMK's digitalisation strategy. The joint team applied Deloitte's global experience to analyse MMK's current digital initiatives and future


Number of news reports: 20