Steel

Severstal increases sales of large diameter pipes by 2%

In the first six months of 2013, the Izhora pipe plant (ITZ), specialized in production of large diameter pipes from strip material. Made at the Cherepovets metallurgic plant (both enterprises are in the division of Severstal Russian Steel), supplied more than 165 thousand tons of pipes for the largest Russian and foreign oil and gas projects. Thus, in the first six months of 2013, the enterprise increased the sales of large diameter pipes by 2% as compared with the same period of the last year.

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Motovilikha closes sheet rolling production by October 1 2013

The marginal revenue of sheet rolling production declined from 507 million rubles in 2008 to minus 13 million rubles in H1 2013. The annual loss of the sheet rolling shop (shop # 24) is 25 million rubles.
The Board of Directors of Motovilikha Plants JSC has decided to close sheet rolling production by October 1 2013. In August and September, shop # 24 will perform the agreed production plan.

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Couldn’t cope with specifics of business in the Ukraine, Mechel sells Ukrainian metallurgic plant for 2000 euro

One of the largest Russian mining and metallurgic Russian companies Mechel reported signing of Donetsk electrometallurgic plant sale and purchase contract with the owner of the Russian company Estar, doctor of economic sciences, businessman and Deputy of several Dumas Vadim Varshavsky.
The price of 100% of Daveze Limited’s shares, which, in turn, owns 100% of DEMZ’s shares, made up symbolic 2000 euro. According to the signed contract, Varshavsky took over liabilities to pay the DEMZ’s debt to Mechel in the amount of $81 million.

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EVRAZ to develop coal assets of Yuzhkuzbassugol

Within the strategy on the increase of coal production, EVRAZ implements investment projects on the development of the mines of Uskovskaya and Alardinskaya. The total amount of investments will make up over $70 million. The implementation of the projects will enable it to develop enterprises due to development of new blocks and increase the efficiency of the coal production.

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Chelyabinsk pipe plant dispatches 130 thousand tons of large diameter pipes for Central Asia-China gas pipeline

The Chelyabinsk pipe plant has dispatched 130 thousand tons of large diameter pipes for construction of the third line of the Central Asia-China gas pipeline, the company reports.

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Almetyevsk pipe plant reports record industrial results in January-July of 2013

The  Almetyevsk pipe plant (ATZ, Tatarstan, a part of OMK) has summed up its industrial results in January-July of 2013.
In this period, 129 thousand tons of pipes were produced that exceeds the rates of the same period of 2012 (117 thousand tons) by 10%. In the first seven months, the enterprise dispatched 144 612 tons of pipes to customers that exceeds the level of 2012 y 12.3% (128.8 thousand tons).

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Evraz suspends an operation of plate mill plant in Italy because of adverse conjuncture

On August 20, 2013 Evraz Plc has suspended production at its Italian plate mill plant Evraz Palini e Bertoni due to poor market conditions. As it is said in a statement of the press-service of the company, the plant will be suspended until the end of October 2013.

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Zaporozhstal increases production of steel and rolled metal

Zaporozhstal announced the results of January-July 2013.
Production:
In January-July 2013 Zaporozhstal increased production of steel by 1.3% and rolled metal – by 3.3% compared to the same period of 2012. For seven months 1,852 thousand tons of cast iron, 2,208 thousand tons of steel and 1,863 thousand tons of rolled metal have been produced.

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Severstal-metiz started commercial supply of engineering solution for a construction of railroads

The  group of enterprises “Severstal-metiz” (part of OJSC “Severstal”) was the first domestic manufacturer, which started the commercial supply of technical decision for one of the key partners of the company – OJSC “RZhD”. Up to the present moment, the supplies for railroads have been carried out either by separate elements or in terms of a composition of components.

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Mechel may sell or find a partner for a coal company Bluestone in the USA

OJSC “Mechel” studies the possibility of selling its coal asset Mechel Bluestone (West Virginia, the USA) and also considers the possibility of the creation  ofa partnership with another North American manufacturer. Mechel hired the investment bank JP Morgan for a study of the various options  for Bluestone, they stated to ITAR-TASS in the press-service of Mechel.
“The company is about to focus on its strategic directions, in particular, on the development of the Elga coal deposit in Yakutia,” they stated in the press-service of Mechel.

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