Russian crude steel output up by 3pct in first nine months

Friday, 21 Oct 2011

According to the State Statistics Committee of Russia, in the January to September period of the current year Russia produced 240 million tonnes of coal and 77.3 million tonnes of iron ore concentrate up by 2.3%YoY and 8.3%YoY. In the given period, Russia metallurgical coke output went up by 2%YoY to 20.4 million tonnes.

In the first nine months of 2011, Russia registered increase of 3%YoY in its crude steel production to 51.1 million tonnes. In January to September, Russia saw 18.4% increase in its steel pipe production to 7.8 million tonnes and a 3.4% rise in its finished steel output to 44.2 million tonnes.

On the other hand, the country production of pig iron went down by 0.2%YoY to 35.8 million tonnes during the first nine months of 2011.

(Sourced from Steel Orbis)

Russia's Renova in talks to buy Ukrainian steel assets-paper

Wed Aug 17, 2011

MOSCOW Aug 17 (Reuters) - Renova, the investment holding of Russia's billionaire Viktor Vekselberg, may buy steel assets from Ukraine's billionaire Viktor Pinchuk in a deal potentially worth $1.5 billion, the daily Kommersant reported on Wednesday.

Pinchuk investment's company EastOne Group is selling a 25 percent stake in a series of its steel assets, the newspaper reported, citing unnamed sources close to the negotiations.

(sourced Reuters)

Evraz NTMK starts installation of fourth ladle furnace

Monday, 21 Feb 2011

It is reported that Nizhny Tagil Iron and Steel Works, a subsidiary of the Russian steel producer Evraz Group, has started the construction of a new ladle furnace, its fourth ladle furnace for the secondary treatment of steel before casting.
la
Evraz investment in the implementation of this project, implemented within the framework of the large scale reconstruction of NTMK's converter shop, amounts to about RUB 500 million.

The construction of the ladle furnace No. 4 which is being supplied by Italian producer of steelmaking machinery and plants Danieli will last about three months. The equipment installation will be carried out in conditions of continuous steelmaking.

The additional ladle furnace will allow NTMK to increase its secondary treatment capacities and to reduce the share of common grade slabs produced in its concaster No 4 by concentrating on the output of premium grade slabs which are used by pipe makers for the production of API standard oil pipes.

(Sourced:steelorbis)

OMK’s Vyksa increases railway wheel output by 2.4 times in January

Monday, 14 February 2011

The Russian steel and pipe producer United Metallurgical Company (OMK) has announced that in January 2011 its Novgorod-based subsidiary Vyksa Steel Works (Vyksa) increased its railway wheels output by 2.4 times year on year to 66,384 wheels.

In addition, in January this year Vyksa also produced 145,000 mt of steel pipes, including 93,000 mt of large diameter (LD) steel pipes, which corresponds to the output volume in January 2010.

(Sourced:steelorbis)

Tags:pipe, tubular, Russia, CIS, manufacturing, steelmaking, production, OMK

Putu iron ore project’s resources more than double to 2.4 billion mt

Monday, 07 February 2011 15:24:08 (GMT+2)
UK- and Canada-listed exploration and development company African Aura Mining has announced that the inferred iron ore resource at its joint venture (JV) with Russian steel and mining company Severstal's Putu iron ore project in eastern Liberia, West Africa has more than doubled to 2.4 billion mt from 1.08 billion mt at a grade of 34 percent Fe, adding that there is the potential to increase this figure further to 2.5 billion mt. "The headline objective of African Aura and our JV partner Severstal Resources was a two billion mt resource and I am very pleased that this has rapidly been achieved. We expect to upgrade this resource to the indicated category during 2011," African Aura's CE Luis da Silva said. This news also comes on top of African Aura's announcement last week of a maiden one billion mt resource at its 100 percent-owned Nkout iron ore project in Cameroon. African Aura's attributable iron ore inventory has increased fivefold in short order, from 0.38 billion mt at 34 percent Fe in 2010 to the current 1.96 billion mt and with the potential for significant further growth.
Severstal holds a 61.5 percent interest in the Putu iron ore project, while its partner African Aura retains a 38.5 percent interest in the project.
Tags: iron ore , raw mat , Liberia , Africa , mining , Severstal

Russia steel pipe consumption reaches pre crisis levels

Sunday, 06 Feb 2011

According to the data issued by Russia Ministry of Economic Development, in 2010 Russia registered a 35.8%YoY increase in its steel pipe production to 9.149 million tonnes with all major pipe makers seeing growth in output.
As of January 2010 the country pipe segment returned to the pre-crisis levels of domestic consumption, showing steady growth. In particular, in 2010, Russia output of electric-welded large diameter pipes increased by 58.3%YoY, its production of electric-welded pipes, excluding LD pipes, went up by 30.7%YoY, its production of welded pipes went down by 11.6%, production of seamless pipes saw an increase of 24%YoY, output of casing pipes increased by 24.4%, production of drill pipes went up by 55%YoY while output of tubing increased by 11.4%YoY.
These data indicate that the steel pipe consumption of the Russian oil and gas industry in 2010 increased by more than 50%YoY on the back of the construction of oil and gas projects.
In January to November 2010, Russia steel pipe exports decreased by 36.3%YoY to 936,100 tonnes. The ministry noted that during the period in question Russia steel pipe imports significantly exceeded its steel pipe exports as domestic consumption of pipes in January to November sharply increased by 70.1%YoY with pipe makers switching from foreign markets to satisfy demand from the domestic market.
Russia steel pipe imports increased in January to November 2010 by 139.7%YoY to 1.313 million tonnes including 642,200 tonnes of steel pipes from CIS countries up by 69.8% and 670,600 tonnes of steel pipes from non-CIS countries up four times YoY. The share of imported steel pipes in the domestic market amounted to 15.3% in 2010 of which 41% were imported from Ukraine.

Month	Volume
Jan	622
Feb	679
March	779
April	739
May	681
June	702
July	716
Aug	759
Sept	828
Oct	868
Nov	853
Dec	923
2010	9,149
YoY	35.8%

In’000 tonnes



(sourced:steelorbis.com)

Marcegaglia starts new lines for stainless steel tube in Russia

Monday, 31 Jan 2011

Italian flat steel and steel tube leader Marcegaglia has commissioned two new automatic lines for the production of electro welded stainless steel tubes at its Russia based subsidiary Marcegaglia Ru in the city of Vladimir.

Accordingly, the two new lines, worth a total of EUR 5 million, will produce electro welded stainless steel tubes of 70mm diameter for the chemical, pharmaceutical and food industries.
Over three years, Marcegaglia has invested EUR 22 million in the construction of its plant in Russia with an annual production capacity of 16,000 tonnes, which is planned to be increased to 35,000 tonnes by 2014.

The first two lines at the plant were commissioned in late 2009. The project involves an investment of EUR 50 million, with the total cost of equipment amounting to EUR 20 million.(sourced:steelorbis)

ZMZ steel product output increases by more than 2.5 times in 2010

Monday, 31 Jan 2011

It is reported that in 2010, Zlatoust Metallurgical Works a subsidiary of the Russian steel producer ESTAR Holding increased its commercial grade rolled steel product output by more than 2.5 times compared to 2009 to 385,400 tonnes including 5,400 tonnes of calibrated steel up by 2.3 times and 16,900 of steel products with special surface finish up by 5.5 times.
ZMZ steel smelting volume went up by 29%YoY in 2010 to 162,500 tonnes.(sourced:steelorbis, for more infor visit steelorbis.com)

Russian steelmaker MMK bags approval under Kyoto Protocol for EAF project

Friday, 21 Jan 2011

The Russian Ministry of Economic Development has approved the Joint Implementation project for arc furnace steelmaking at Magnitogorsk Iron and Steel Works.

The project has been implemented in accordance with the rules of the Kyoto Protocol to the United Nations Framework Convention on Climate Change.

As a result Magnitogorsk Iron and Steel Works has received project investor status and is entitled to receive Emission Reduction Units as provided for by the flexible mechanisms of the Kyoto Protocol.

Joint Implementation mechanism, as defined in Article 6 of the Kyoto Protocol, gives Annex I countries the chance to invest in projects that reduce Greenhouse Gas Emissions in any other Annex I country as an alternative to reducing emissions domestically. After approval of projects by designated state authorities of such countries so called Emission Reduction Units are issued for actually achieved and verified emission reductions. Such ERUs can be sold in the international carbon market. Implementing the project will provide MMK with additional revenues that will improve the economics of the project and partly compensates for the project’s costs.

During 2004 to 2006 Magnitogorsk Iron and Steel Works conducted a major reconstruction of its smelting facilities. The modernization project involved a complete switch to continuous steel casting and the replacement of open-hearth production methodology with state of the art electric furnace steelmaking. The project has significantly increased the production capacity of Russia largest metallurgical enterprise. By replacing the outdated open-hearth furnace technology the companys capacity to produce high quality electrical steel has increased from 2 million tonnes to 4 million tonnes.

At the same time the project will reduce the emissions of CO2 one of the main greenhouse gases causing the ‘greenhouse effect’ by 7 million tonnes during 2008-2012 which is the largest reduction rate achieved in the Russian metallurgical industry. The implementation of the project is a very important event for the Russian steel industry as it has increased the company’s competitive position in the domestic and foreign markets. The project has also significantly reduced the energy consumption for steel production and lowered the emissions of pollutants.

MMK’s partner in the Joint Implementation project is Carbon Trade & Finance which will act as the buyer of all generated ERUs and provider of project development services. MMK expects to receive additional revenue of approximately EUR 70 million from the sale of ERUs in 2011-2013. The funds will be used to repay the project-related loans and to further finance the company’s modernization program up to 2013.

sourced: steelguru