Russia Metals and Mining

Radial forging machine is launched at Elektrostal

The metallurgical plant Elektrostal (Elektrostal near Moscow) has launched a new radial forging machine and a set of deep process stages of special steels and alloys.
During the reconstruction, a unique forging press of 200 MN, ring-rolling mills, new thermal equipment, processing machines were installed at KPC-3. The new radial forging machine and the set of the deep process stage of special steels and alloys (press 200MN and ring-rolling mill) will allow the plant to start the production of discs and rings made ​​of special alloys. These products will be used in the aerospace industry, power engineering and other high-tech industries.

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MMK masters new steel grades for the car industry

Magnitogorsk metallurgical plant continues to master promising grades of steel for automakers and manufacturers of automotive components. The technology of manufacture of plates with thickness of 1.2 mm has been successfully tested, the MMK’s Department of Information and Public Relations reported.
In the near future, the plant intends to produce pilot batches of rolled metal with thickness of 2 mm. Their will be delivered customers for internal testing and subsequent use of the material in the development of new vehicle design.

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Severstal to supply over 60 thousand tons of pipes for construction of Southern Corridor

On the results of the tenders held, Severstal, one of the leading vertically integrated steel and mining companies in the world, will supply about 64 thousand tons of pipes, made by Izhora pipe plant (a part of the division Severstal Russian Steel) for the Southern Corridor project.
The supply will include pipes with diameter of 1420 mm, made of steel of K60 grade with external and internal anti-corrosion coating.
“The Izhora pipe plant and Severstal in general have necessary production and technological capabilities to manufacture products according to requirements of our key customer – Gazprom, - director of production of rolled pipe of the steel division Vitaly Motorin emphasizes. - This is a well-known assortment for the enterprise - by results of 2012-2013, over 100 thousand tons of large diameter pipes were produced for the construction of Southern Corridor. To date, the main product specifications have been agreed with the customer. The entire volume of the supply is planned to be shipped in the third and fourth quarters of this year".

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UC Rusal to launch a modernized casting shop at a plant in Polar region in Q3

UC Rusal plans to launch a modernized casting shop at the Kandalakshsky aluminium plant (KAZ SUAL, Murmansk region) in Q3 2014, the head of the group of the modernization project, A. Romanov said.
The modernization project was started in March 2011,  the total investment volume made up about $20 mln.
In the framework of the project the technological equipment for preparation and alloys casting of Jasper GmbH (Germany) was installed. Currently the start-up and commissioning works on the launch of the modernized production capacity are carried out at the plant.

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In H1 of 2014, Russian Steel’s enterprises increased production of rolled metal by 1.3% to 27.8 million tons

In June 2014, the main companies-members of Russian Steel produced 4.7 million tons of finished rolled metal that is by 5.5% more than in June 2013 and by 2.2% less than in May 2014, the partnership reports. In June, the production of pipes made up 0.25 million tons that is by 3.6% more than in June 2013 and by 5.65% more than in May 2014.
In the first six months of 2014, the production of finished rolled metal increased by 1.31% as compared with the same period of the previous year to 27.8 million tons, while the production of pipes decreased by 0.57% as compared with the same period the previous year to 2.8 million tons.

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In 2014, MMK plans to transport 450 thousand tons of metal products by river transport

In the current year, Magnitogorsk metallurgical plant (MMK) plans to transport 450 thousand tons of metal products by river transport, the press centre of the company reported. The company uses it in its logistics the fourth year. According to a representative of MMK, the inclusion of river transport in the enterprise’s logistics scheme allows the company to reduce its transportation costs.
The multimodal logistics scheme of metal products of delivery by railway and river transport was developed by MMK in 2010. At the same time,

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Mechel to supply coal to South Korea

A cooperation agreement has been signed between South Korea's corporation GS Global and mining and metallurgical giant Mechel. The parties agreed on supply of forge coal from the Elga deposit to South Korea.
According to the agreements, Mechel’s subsidiary Mechel Carbon Singapore is to supply up to 2.8 million tons of coal, mined from the Elga deposit, to GS Global.

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In Q2, Norilsk Nickel reduced nickel production by 10.2% and increased palladium production by 19.5%

In the second quarter of 2014, Norilsk Nickel reduced the nickel production by 10.2% as compared with the first quarter to 60.9 thousand tons, the company reports.
In the first six months, the nickel production fell by 7.7% to 128.7 thousand tons. "The main reasons for the decline were the decrease in the volume of low-margin tolling operations at the Kola mining and metallurgical company and the reduction of metal production by the foreign companies of the Group," - the company notes.
In the second quarter, the copper production grew by 3.7% as compared with the previous quarter and amounted to 93.7 thousand tons. According to the company, the production growth is connected with a higher proportion of copper ore, processed at the Zapolyarny subsidiary, as well as increased sales of copper cake to external enterprises by Norilsk Nickel Harjavalta. In the first six months, the copper production fell by 0.8% to 184.1 thousand tons.

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Fitch: ALROSA is subjected to political, business and regulatory risks that are above the average level in Russia

The International rating agency Fitch Ratings has confirmed the long-term issuer default rating (IDR) of ALROSA at the level of “BB” with "stable" forecast outlook, the agency reports.
In addition, the priority unsecured rating was confirmed at the level of "BB", and the short-term IDR - at the level of "B".
Comment of Fitch Ratings’ analysts.

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Gazprom buys pipes for South Corridor and renewal of its GTS for 35 billion rubles

Gazprom buys pipes for the Southern Corridor and renewal of its GTS for 34.629 billion rubles. It buys pipes for 11.924 billion rubles from Pipe Innovation Technologies Ltd of I. Shabalov, for 6.286 billion rubles,from the Chelyabinsk pipe rolling plant for 6.975 billion rubles, for 5.177 billion rubles at Izhora pipe plant of Severstal and for 2.525 billion rubles at TMK Trade House.

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