Evraz, Russia Oil and Gas

Lukoil, Norilsk Nickel, Severstal are in rating of companies transparency

Five Russian companies have appeared in the rating of hundred companies with the most transparent reports among developing countries, made by the international organization Transparency International. The list of the hundred most transparent companies on the developing markets includes Evraz (the 34th place), Lukoil (the 58th place), Norilsk Nickel (the 67th place), Severstal (the 74th place) and UC Rusal (the 92th place).

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Evraz ZSMK ships rolled products to Zvezda

Evraz ZSMK has shipped about 3 thousand tons of rolled products to the Zvezda shipyard (Primorie region).
Until the end of 2016 Evraz ZSMK plans to ship another  thousand tons of fittings to the enterprise.
The Zvezda plant actively uses the products of Evraz for the needs of production. The most demanded product is the fitting of AIII class out of 25G2C steel mark. Hot rolled fittings of AIII class produced by Evraz ZSMK has well showed itself among consumers due to its guaranteed strength characteristics, plasticity and welding nature.
Zvezda specializes in the repair of submarines of the Pacific fleet, and re-equipment and modernization of subsurface launch platforms.
The technical opportunities of the plant allow to produce and put in the water floating vessels with the weight of up to 13.5 thousand tons.

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Oil extraction in Russia rose by 5.3% to 43 mln tons in February

​Oil extraction in Russia rose by 5.3% to 43.064 mln tons in February 2016 against Feb 2015, the Central Dispatch Management of the Fuel and Energy sector reports.
Bashneft stayed the leader on the growth of oil extraction in February. The extraction made up 1.643 mln tons, by 11.4% more than in Feb 2015.
The extraction growth in February was also shown by Gazprom Neft – by 7.8% to 4.43 mln tons, Surgutneftegas – by 3% to 4.867 mln tons, Tatneft – by 8.4% to 2.213 mln tons.
Rosneft and Lukoil managed to increase the extraction (Rosneft by 2.9% to 15.828 mln tons, Lukoil- 0.1% to 6.673 mln tons), in January they reduced the extraction results.

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Itera to ship 14 bln cubic m of gas to Evraz over 10 years

​The signing of new agreements guarantees the long-term monetization of raw materials extraction by the affiliates of Rosneft.
Itera OGC (affiliate of Rosneft) has signed long-term agreements for gas supply to Evraz NTMK OJSC and Evraz KGOK OJSC.
The agreements presuppose gas supply to the enterprises of Evraz group beginning from Jan 1st 2016 within 10 years at the volume of 14 bln cubic m.
The agreements were signed at the presence of the head of Rosneft, I. Sechin. Today a long-term contract for the supply of almost 3 bln cubic m of gas a year to Evraz was signed in Yekaterinburg. This contract stabilizes the operation of the enterprises and the socio-economic situation will improve, I. Sechin said. The market price suits both the consumers and supplier.
Mr. Sechin said that Novatek also intended for these contracts which participated with its ideas.

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Steel production in Russia decreases

Russian metallurgists reduce steel production: in June they reduced the volume by 4.3% to 5.5 million tons. The market participants explain that at the beginning of the year an abnormal demand was due to concerns of further devaluation of the ruble, caused, including, overstocking. According to pessimistic forecasts, in 2015, the demand for steel in Russia and the CIS countries will decrease by 15%. The production of pipes is growing, but Gazprom has already canceled a number of large tenders.
The production of steel in Russia again began to decline, the data of the Russian Statisctics Committee shows: in June, steelmakers reduced the output by 7.5% to 5.5 million tons. Back in May, the fall made up only 1.6%, and in April there was an increase by 0.6%. By results of the first six months, it was managed to keep the fall at symbolic 0.2% to 34.9 million tons, and rolled products - at 0.6%, to 30 million tons.

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Metallurgy-2014: under “star” of Mechel

The outgoing year in metallurgy will be remembered by everyone, first of all, due to events with Mechel. In 2014, the most indebted company in the industry lost most of its capitalization. It was threatened with bankruptcy, default, was asked to sell assets, restructure its debt and convert it into shares. It was threatened with the dismissing of its general director and principal owner of the company Igor Zyuzin from its management - but there are still no specifics on the future of Mechel.
The first problems of Mechel were found at the end of February, when its shares "went" down for unknown reasons, although some analysts suspected that this was due to its debts. The manipulation with the shares was attributed to speculators, and the Central Bank undertook to investigate. But no one then imagined that everything would go so far.
But the company also had positive aspects in the current year, in particular, the sale of assets, and the fall of the ruble allowed it to significantly reduce its debt.

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Evraz USA: Pipe producers slip on oil.

Evraz postpones IPO ENA.
The falling oil prices are beginning to directly influence the related industries. Evraz has decided not to hold IPO Evraz North America (ENA) by the end of the year. The company, the pipe business brings half the proceeds of which, could be underestimated under threat of lowering the investment programs of the oil producers, whereas for Evraz, most of the revenue of which is through foreign exchange contracts, obtaining additional funding is not critical.
Evraz had postponed the IPO of its North American division of Evraz North America, which was scheduled for mid-December, Bloomberg reported yesterday citing sources.

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Evraz NTMK will supply 4,300 tons of beams for the airport at Yamal

Before the end of summer, Evraz NTMK will supply over 4,300 tons of construction beams for building of the international airport at Yamal. It’s built within Yamal LNG, a priority project for Russia, aimed at the development of the South Tambey gas deposit. The airport will accept the planes of nearly all types and will be one of the world's largest Arctic airports.
The construction beams of Evraz NTMK will be used for building of the construction elements of the buildings and the airport terminal, and for construction of many other objects important for the infrastructure of the settlement of Sabetta. The airport will function in the harsh conditions of the Arctic region that’s why it’s built with the use of the special technologies. Evraz NTMK beam is made of low alloyed steel of S345 sort. It is characterized by the improved durability specifications and can be used in High North.

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