Metallurgy news
Nornickel updates policy to strengthen ties with indigenous communities
Nornickel’s Board of Directors approved an updated policy for engaging with indigenous peoples. Developed with input from independent experts and through consultations with indigenous communities and associations, the new policy integrates international standards, United Nations guidelines, and best practices. It outlines procedures for interaction, due diligence measures, and emphasizes the UN-backed principle of free, prior, and informed consent. The policy acknowledges the vulnerability of ...
10 September 2024., 09:05
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Metal-Expo'2024 showcases products and solutions from leading non-ferrous metallurgy companies
This year, within the framework of the 30th International Industrial Exhibition Metal-Expo'2024, the organisers have successfully brought together a number of companies from the non-ferrous metals sector in a single exhibition space. A separate pavilion (No. 8, Hall No. 1) at Expocentre Fairgrounds at Krasnaya Presnya will host leading producers of aluminium, copper, titanium, zinc and non-ferrous metal alloys from 29 October to 1 November. VSMPO-AVISMA Corporation, a leading producer of titanium ...
10 September 2024., 09:02
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Severstal becomes the first company in Russia to produce cold-formed piling
Severstal was the first in Russia to produce a new sheet piling solution for hydraulic structures, transport and civil engineering - cold-formed sheet piling. The product is marketed under the Grani brand. One of the main advantages of the new type of sheet piling is lower metal intensity compared to alternative solutions due to constant profile thickness and increased width, which allows to reduce the weight of supplied structures by up to 30%. The piles are manufactured by cold forming (cold ...
10 September 2024., 08:59
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MMK uses artificial intelligence to monitor blast furnace operations
Magnitogorsk Iron and Steel Works (MMK) has begun operating a machine learning–based digital system that helps workers control the oxygen levels supplied to its blast furnaces. The system recommends the optimal oxygen levels for the hot blast air in order to improve blast furnace efficiency during the production of cast iron. Until recently, the blast furnace operator made decisions based solely on readings of discrete data. In a dynamic environment, however, those readings may not always be ...
10 September 2024., 08:52
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Именные карьерные автосамосвалы запустили на Оленегорском ГОКе (видео)
На Оленегорском горно-обогатительном комбинате стартовал проект завода «БЕЛАЗ». На Комсомольской площадке начали работать карьерные автосамосвалы с неповторимыми именами, которые были выбраны не случайно. Подробности смотрите в видеосюжете.
09 June 2024., 07:22
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Nornickel announces Consolidated Production Results for 1Q 2024
Nornickel, the world’s largest producer of palladium and Class I nickel and a major producer of platinum and copper, announces preliminary consolidated production results for the first quarter of 2024 and full year 2024 production outlook. In 1Q 2024, the Company increased the output of palladium and copper as compared to the same period of last year. The temporary decrease in nickel production was attributed to accumulation of work-in-progress inventory, which will be processed in the second ...
21 May 2024., 14:38
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MMK’S hot rolling mill 2000 produces 150 millionth tonne of rolled stock
Sheet rolling shop No. 10 at Magnitogorsk Iron and Steel Works (MMK) has produced the 150 millionth tonne of rolled stock on its hot rolling mill 2000. First commissioned in 1994, the mill produced its 100 millionth tonne of hot-rolled steel in 2015. Mill 2000 is MMK’s most productive rolling unit and one of the most powerful in Russia. Capable of making practically every grade of steel currently available, the mill is used to manufacture around a thousand different products for a diverse range ...
21 May 2024., 14:34
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Pipe industry as a major consumer of hot-rolled steel products
Now there is a unique situation in the market, when steel pipes in some cases can cost cheaper than strips for their production. This is largely due to the fact that last year there was an oversupply of tubular products, which left certain stocks in warehouses, now pressuring the market. One way or another, but every spring from year to year before the height of the construction season and the beginning of the replacement of utilities in the housing and utilities sector, between the manufacturers ...
21 May 2024., 14:31
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Nornickel announces stock split
Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, announces stock split. As a result of this operation one share is converted into 100 shares of the same category. Earlier, an Extraordinary General Meeting of Shareholders (EGM) approved the decision to split the Company’s ordinary shares at a ratio of 100. The shares have been converted on April 4, 2024 in accordance the records in accounts opened by the registrar responsible ...
23 April 2024., 14:21
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Severstal reports Q1 2023 operational results
Severstal announces that in Q1 2023 crude steel production was almost flat qoq and stood at 2.7 mln tonnes (-1% qoq). Consolidated steel sales followed production dynamics and decreased slightly, by 1% qoq to 2.77 mln tonnes. Production: Hot metal output decreased by 4% qoq to 2.72 mln tonnes on the back of planned repairs on BF Nos. 3, 4 and 5. Crude steel production, however, was lower by only 1% qoq and amounted to 2.7 mln tonnes due to increased crude steel output at EAF facilities. Steel ...
23 April 2024., 14:18
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Stainless steel consumption in Russia increased by 27%
The association 'Spetsstal' has reported that the visible consumption of the main types of stainless steel products in Russia increased by 27.3% to 661.9 thousand tonnes in 2023, compared to 2022. This represents an 11.7% increase from 2021. In 2023, the consumption of flat cold-rolled products increased by 32.7%, flat hot-rolled products by 7.3%, long products by 39.1%, welded pipes by 3.5%, seamless pipes by 71.5%, and wire by 62.6%. The consumption of primary billets decreased by 27.0%. Foreign ...
23 April 2024., 14:15
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RUSAL introduces next generation of one of the most in-demand products – MaxiFlow 2.0
RUSAL, one of the world's largest aluminium producers, has successfully completed development and began field-scale tests of a new generation of MaxiFlow billets, version 2.0. This innovation will enable RUSAL's customers to significantly increase extrusion speed and overall production efficiency. The predecessor of this new product – MaxiFlow 1.0 – has already become one of the most in-demand products within RUSAL's product line. MaxiFlow 2.0 is the next generation of High Speed 6000 series ...
18 March 2024., 11:45
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Mechel has summarised its production and sales results for 2023
Mechel a prominent Russian mining and metals company, has released its operating results for Q4 and 12M 2023. Oleg Korzhov, Chief Executive Officer, stated that the average range of global coal prices in 2023 was significantly lower than the 2022 quotes, but still acceptable to the company. The global commodity market has been rebalanced, with China and India emerging as key players. Demand for coal products in other Asia-Pacific countries remains high due to the growth of the steel industry ...
18 March 2024., 11:35
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MMK launches dynamic technology risk management system
Magnitogorsk Iron and Steel Works (MMK) has launched a new system that makes dynamic adjustments to the production process in a move aimed at lowering the rejection rate and reducing the risk of human error. The system relies on adaptive technology and quality management, predictive analytics and big data analysis to detect transient behaviour and process upsets. If the risk of obtaining non-conforming products increases, the system notifies the relevant personnel, automatically generates a ...
18 March 2024., 11:27
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Nornickel announces Consolidated Production Results for 2023
Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, announces preliminary consolidated production results for the fourth quarter and the full year 2023 and production outlook for the full year 2024. Senior Vice-President — Operational Director, Sergey Stepanov commented on the production results, “In 2023, the Company slightly decreased the output of all key metals, except for platinum, as a result of lower mined rich and cuprous ...
31 January 2024., 09:53
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China's steel exports exceed 90 million tonnes
In December 2023, national steel companies in China exported 7.73 million tonnes of finished steel products, which is 3.5% less than in November but 43.1% higher than in December 2022. As a result, China's total finished steel and pipe exports in 2023 reached 90.26 million tonnes, representing a significant increase of 36.2% from the previous year. If we include semi-finished products, this figure is expected to exceed 93 million tonnes, which would be the highest result since 2016. In December, ...
31 January 2024., 09:50
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MMK announces its Trading Update for Q4 and 12M 2023
Pig iron output decreased by 7.5% quarter-on-quarter (q-o-q) to 2,416 thousand tonnes due to overhaul of blast furnace No. 8. Steel output totalled 3,116 thousand tonnes, down by 7.1% q-o-q due to overhaul of basic-oxygen furnace at the Magnitogorsk production site. Group sales of metal products declined by 5.7% q-o-q and totalled 2,891 thousand tonnes, reflecting the impact of overhauls of blast furnace, basic-oxygen furnace and rolling capacities. Sales of premium products decreased q-o-q ...
30 January 2024., 19:57
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Norilsk nickel completed the relocation of Bystra to Russia
The Cypriot company GRK EASTERN GEOLOGY LIMITED, which is in the process of liquidation, was excluded from its ownership structure. Its shareholders received shares of Holding Company BYSTRA in proportion to their stakes in the authorised capital, thus the distribution of shares among the shareholders of Bystra remained unchanged: Nornickel — 50.01%, Interros — 36.66% and United Resources Limited (a structure of the HOPU Investments fund) — 13.33%. Vladimir Potanin, President of Nornickel, commented: ...
25 December 2023., 15:18
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RUSAL creates a new AlZn alloy for the automotive industry
RUSAL announces the creation of a new AlZn alloy for the automotive industry. The Company has been successfully running several R&D projects with top global automotive parts suppliers on proprietary AlZn alloy. The new alloy is developed on the basis of the Al-Zn-Mg system with additional alloying with Fe-Ni to improve manufacturability during casting. It has increased strength characteristics compared to those serial alloys that are widely used in the automotive industry. This high-strength ...
25 December 2023., 15:16
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MMK Trading house received awards from Russian Union of Metal and Steel Suppliers
The award ceremony for the annual competitions held by the Russian Union of Metal and Steel Suppliers for metal trading companies took place following the close of the 27th International Conference “Russian Metal Market-2023”, held last week in Moscow. Denis Chernenko, Head of MMK’s Marketing and Technical Support Department, was in attendance. MMK Trading House and its individual business divisions were once again among the winners at the event. The company’s Magnitogorsk division received ...
25 December 2023., 13:48
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