RUSAL, a leading global aluminum producer, announces the launch of an experimental reduction area at the Irkutsk Aluminum Works, which will operate under the EcoSoderberg technology. The total amount of investment in the project reached 540 million rubles. Implementing EcoSoderberg technology is one of the priority retrofitting projects for RUSAL. New generation potcells have a…
The Board of Directors of the World Steel Association (Worldsteel) has elected Alexey Mordashov, Chairman of PAO Severstal, one of the world’s leading vertically integrated steel and steel-related mining companies, a member of the association’s 2017/2018 executive committee at Worldsteel’s 51th General Assembly in Brussels, Belgium. Alexey Mordashov is the only Russian representative in Worldsteel’s…
Metalloinvest has started pilot operation of the concentrate intake facility at Mikhailovsky GOK. The company has invested 1.3 billion rubles in the project. The maximum design capacity of the facility is 3.2 million tons of concentrate per year. During the facility’s pilot operation, the company specialists will adjust the equipment and operating models in order…
The Zyuzins family decreased their consolidated share in Mechel from 55.04% to 50.1%, having given 4.93% to Veriotex Holdings Limited as a repayment of the debt. At present Igor Zyuzin owns 26.47% of the company, a part of which is owned through Calridge Ltd. “In October Calridge transferred 20.534 million shares as debt settlement”, the…
The pipe and wheel holding Interpipe intends to create a joint venture with the French Vallourec. The Antimonopoly Service of Germany recorded the corresponding appeal on October 4. In 2016 Interpipe sold 458 thousand tons of pipes, down by 10% YoY, and 114 thousand tons of wheels, up by 22%. (Ukrainian metal)
The main owner of Rusal Oleg Deripaska will retain control over Nikolaev Aluminum Works, which it has sold to Glencore. Deripaska’s En+ Group concluded a non-binding agreement with Glencore to exchange the Swiss corporation 8.75% of Rusal shares (through Amokenga Holdings Ltd) for En+ shares (owns 48.13% in Rusal). The parties agreed that Glencore would…
In January-September Lipetsk region foreign turnover increased by 42.5% YoY, to 3.4 billion rubles. According to the local customs office, exports increased by 42.6%, to $2.8 billion, imports – by 42%, to $223 million. NLMK ferrous metals accounted for 96.5% of the total exports. (Ukrainian metal)
The Pipe Metallurgical Company will supply daughter companies of Lukoil with some 18.4 thousand tons of casing pipes with premium TMK UP joints. According to the company statement, TMK will deliver 12 thousand tons of pipes to Lukoil-West Siberia and 6.4 thousand tons to Lukoil-Komi. The pipes of 114-339 mm diameter will feature the GreenWell…
