Sept11, 2011
Russia's leader in the mining and metallurgical industry Metalloinvest and one of the leaders of Russia's steel industry Magnitogorsk Iron & Steel Works (MMK) have agreed on pricing for iron ore supply based on current market indicators and price dynamics in the global iron ore market.
Accordingly, Metalloinvest's Mikhailovsky Mining and Processing Plant will supply iron ore to MMK for a period of up to three years.
Tags: iron ore, raw mat, Russia, CIS, MMK, mining
(sourced steelorbis)
Showing posts with label Russian mining and steel. Show all posts
Showing posts with label Russian mining and steel. Show all posts
Sunday, September 11, 2011
Mechel’s Trade Port Posiet posts record coal shipment in August
September11,2011
Tags: coking coal , raw mat , Russia , CIS , Mechel , trading
sourced steelorbis
Russian mining and steelmaking group Mechel has announced record coal transshipment results achieved by its subsidiary Trade Port Posiet in August. In the given period, Trade Port Posiet loaded 26 cargo ships with a total of 509,000 mt of coal products, achieving the best monthly result in the port's history. The record was achieved due to improvements in the port's technical support made under the large-scale modernization program scheduled to be completed by the end of 2012.
According to the company statement, Trade Port Posiet is currently undergoing technical reequipment and expansion of the port's infrastructure, aimed at increasing the port's annual coal transshipment capacity to 9 million mt. Investment in Port Posiet coal complex's technical modernization will amount to $73 million.
According to the company statement, Trade Port Posiet is currently undergoing technical reequipment and expansion of the port's infrastructure, aimed at increasing the port's annual coal transshipment capacity to 9 million mt. Investment in Port Posiet coal complex's technical modernization will amount to $73 million.
Tags: coking coal , raw mat , Russia , CIS , Mechel , trading
sourced steelorbis
Thursday, August 18, 2011
MMK sued by Bakalskoye Rudoupravleniye iron ore JV partner Atop International - Report
Thursday, 18 Aug 2011
Interfax, citing court documents, reported that OAO Magnitogorsk Iron & Steel was sued by its partner in an iron ore venture after assuming ownership of a license to the venture’s largest ore deposit.
Atop International Group, which holds 49% of the OAO Bakalskoye Rudoupravleniye venture, filed a suit at Chelyabinsk in Russia, after the license to the Techenskoye ore field was transferred to Magnitogorsk.
Magnitogorsk got the license in May following regulatory approval.
Mr Kirill Golubkov, a spokesman for Magnitogorsk, said today by phone when Bloomberg News called, without elaborating that “We see no legitimate grounds for this suit.”
By bloomberg
Thursday, August 11, 2011
Russia's Mechel H1 coking coal output up 28 pct
Wed Aug 10, 2011
MOSCOW Aug 10 (Reuters) - Russian mining conglomerate Mechel (MTL.N: Quote) said on Wednesday that first half coking coal concentrate output reached 4.5 million tonnes, up 28 percent from last year thanks to strong demand.
Overall coal output declined by 5 percent compared to the year-earlier period to 12.5 million tonnes.
First half steel production reached 3.0 million tonnes, up 1 percent.
Tuesday, January 25, 2011
Chelyabinsk Metallurgical Plant increases steel product output by 9pct in 2010
Tuesday, 25 Jan 2011
It is reported that in 2010, Chelyabinsk Metallurgical Plant a subsidiary of the Russian mining and steel producing group Mechel increased its saleable steel product output by nine percent compared to 2009, to 4.504 million tonnes.Of Chelyabinsk Metallurgical Plant total shipments in 2010 about 80% were directed to the Russian domestic market which is considered to be a priority and strategically important for the company. The implementation of its investment projects, the most important of which was the commissioning of a new production complex for high quality steels and stainless steels in the arc furnace melting shop No 6 in July 2010 has allowed Chelyabinsk Metallurgical Plant to meet the increased demand from Russian consumers and to increase the share of supply of high quality steel products to the construction, chemical, food, oil and gas industries, as well as to the machine building and energy industries.In 2010, Chelyabinsk Metallurgical Plant managed not only to exceed the post crisis 2009 levels of output of sinter, pig iron, steel and finished rolled steel products, but also to exceed the levels for the successful pre-crisis year of 2007.(Sourced from www.steelorbis.com)
It is reported that in 2010, Chelyabinsk Metallurgical Plant a subsidiary of the Russian mining and steel producing group Mechel increased its saleable steel product output by nine percent compared to 2009, to 4.504 million tonnes.Of Chelyabinsk Metallurgical Plant total shipments in 2010 about 80% were directed to the Russian domestic market which is considered to be a priority and strategically important for the company. The implementation of its investment projects, the most important of which was the commissioning of a new production complex for high quality steels and stainless steels in the arc furnace melting shop No 6 in July 2010 has allowed Chelyabinsk Metallurgical Plant to meet the increased demand from Russian consumers and to increase the share of supply of high quality steel products to the construction, chemical, food, oil and gas industries, as well as to the machine building and energy industries.In 2010, Chelyabinsk Metallurgical Plant managed not only to exceed the post crisis 2009 levels of output of sinter, pig iron, steel and finished rolled steel products, but also to exceed the levels for the successful pre-crisis year of 2007.(Sourced from www.steelorbis.com)
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