KUMZ goes on building a new rolling complex

Kamensk-Uralsk metallurgic plant (KUMZ) goes on building the new rolling complex, the technical equipment of which will exceed all Russian and European analogues. Its foundation will provide deliveries of qualitatively new (in configuration and nomenclature) semi-finished products, increase the share of Russian products made of the latest aluminium and aluminium-lithium alloys to at least 20% of total sales of aluminium semi-finished products to leading Russian and foreign aircraft building corporations (Boeing, Airbus, Bombardier etc.). Read more »

Severstal increases supplies of special steel to shipbuilding industry 2 times

For the first 10 months of 2012, the Cherepovets metallurgic plant (CherMK), one of the largest integrated steel plants in the world (a part of the division Severstal Russian Steel) supplied special steel to enterprises of the shipbuilding industry  by 2 times more than in the same period of 2011.

Special ship steel (cold-resistant steel grades AK and AB) is used, mainly, for defense orders, particularly for the construction of submarines and supermarine war ships. Read more »

Severstal SMTs-Kolpino develops the strategy of the production of high added value products

Severstal SMTs-Kolpino started purchasing the equipment for production of high added value products.

“The new equipment will help to increase the efficiency of production and considerably widen the assortment of the blanks produced for such clients in machine-building industry as Kartex, KOMATSU and Caterpillar”, General Director of Severstal SMTs-Kolpino Alexander Sirotin said. Read more »

KUMZ obtains financing from Rosbank

Rosbank and Kamensk-Uralsk metallurgical plant (KUMZ) have signed an agreement about the opening of a credit line at the rate of 300 million rubles for 18 months. The financing is aimed at fulfilment of the enterprise’s statutory activity. Read more »

Russia. Mechel discusses the prospects on the development of Elga deposit with South Korean STX and Posco

Mechel Plc. concluded an agreement of long-term cooperation with South Korean STX at the business summit of the Forum of Asian-Pacific Economic Cooperation, the company’s press service reports. Besides, the Chairman of the Board of Directors of Mechel, Igor Zyuzin and President of Posco summarized the results of the cooperation in accordance with the agreement about the projects signed by the companies in 2011. Read more »

Norilsk Nickel keeps expanding its corporate fleet

Norilsk Nickel has reported that the transfer and acceptance certificate for the river service tug built by the Nizhegorodsky Teplokhod plant was signed in Bor town, the Nizhny Novgorod Region.

This is the second tug built for Norilsk Nickel at this plant. The building of the tug was completed in the framework of the company’s port fleet modernization investment program. The program presupposes building of two river and two sea tugs as well as a liquid fuel bunkering barge. Read more »

Severstal prolongs contract with HYUNDAI-KIA

Severstal has prolonged the long-term contract with HYUNDAI-KIA. The new contract for rolled steel supplies made by Cherepovets metal works, a subsidiary of Severstal Russian Steel to Hyundai, assembling cars at the plant Hyundai Motor Manufacturing Rus Ltd in St. Petersburg, is active till the end of 2012. In 2012, Cherepovets metal works is going to supply 15,000 tons of car steel plates for HYUNDAI-KIA, by 2 times more than in 2011 Read more »

Russia: Ferrous steel exports makes up 2 million tons over the first 5 months

In May 2012, the volume of ferrous steel exports from Russia reached 450 thousand tons according to customs and railroad (in the countries of the Customs Union) statistics. It is by 2% higher than it was the previous month, but by 10% less the figure in May 2011.

The volume of shipment made up 1.83 million tons in January-May. It is by 6.4% less the figure of the previous year. The levels of 2009 and 2010 are exceeded by about 2 and 1.4 times respectively. Read more »

OMZ-Specialsteel produces rolled sheet to construct Russian icebreakers of new generation

The enterprise OMZ-Specialsteel, a part of OMZ Group, has produced rolled sheet of high strength steel AB2R. The production was accepted by the Russian Maritime Register of Shipping and shipped to the customer – the Far East Center of Shipbuilding and Ship Repair.

The rolled sheet was produced by the new technology: out of cakes, cast by the siphon method. The casting of  the steel by lift tube is carried out to improve the surface quality of cakes and economy of  themetal: cakes, cast by the siphon method don’t require stripping and significant cleaning. Read more »

The Chusovsk metallurgic plant has increased a net loss for the year by 26% to 1.5 billion rubles

For 2011 the Chusovsk metallurgic plant (CMP) has increased its net loss by 26% to 1.59 billion rubles. Looking back, in 2010 and 2009 the net loss exceeded 1.2 billion rubles and 2 billion rubles respectively. The plant finished 2008 with the net profit in the amount of 484 million rubles. In the reporting year the plant made the net losses every quarter and for the last quarter the loss exceeded 1 billion rubles. Read more »

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