Category Archives: News

Rosneft and Mitsui signed a Memorandum of Understanding on Monday to jointly develop the FEPCO project, one of the largest petrochemical projects on the plant. Igor Sechin, the president and chairman of the Rosneft’s management board, signed the memorandum, along … Read More »

Magnitogorsk Iron and Steel Works Group released its operational results from the first quarter, posting quarter-over-quarter increases in the production of most of its products. MMK’s crude steel output reached 3.08 million tonnes during the first quarter, an increase of … Read More »

Mechel announced on Tuesday the signing of a three-year contract to provide South Korean steelmaker POSCO with 500,000 tonnes of coking coal per year. Mechel mining subsidiary Mechel Carbon of Singapore will fulfill the supply demands of POSCO. The contract … Read More »

Severstal, one of the world’s leading vertically integrated steel and steel-related mining companies, recently published its annual report for the year ended Dec. 31. “Full vertical integration in both iron ore and coking coal production in Russia remains a key … Read More »

Leading global iron ore and HBI producer Metalloinvest announced its operational results this week for the first quarter of the year. Iron ore production reached 9.5 million tonnes, which reflects a decrease of 1.8 percent quarter-on-quarter, while pellet production increased … Read More »

At a meeting last week, Mechel’s board of directors confirmed recommendations to be put forward at the company’s annual general shareholders’ meeting regarding the payment of dividends accrued over the 2012 fiscal year. While the board of directors decided against … Read More »

Mechel has announced the signing of four separate loan agreements with Gazprombank in a deal totaled at $1 billion. Beloretsk Metallurgical Plant, a subsidiary of Mechel’s steel division, will receive a $54 million loan. Mechel’s Urals Stampings Plant has signed … Read More »