Steel Archive

Mechel Reports Selling Part of Controlling Stake in Vanino Sea Trade Port OAO to Investors

Moscow, Russia – January 18, 2013 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, reports selling a part of its earlier acquired controlling stake in Vanino Sea Trade Port OAO to investors. In line with the conditions for the financing of the acquisition of 55% (73,33% of common shares)

Mechel Reports Acquiring Controlling Stake in Vanino Sea Trade Port OAO

Moscow, Russia – January 14, 2013 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, reports acquiring 55% (73.33% of common shares) of Vanino Sea Trade Port OAO. The acquisition was made in line with the company’s strategy of developing its mining division in a bid to expand its export

Demand of Steel

The Minister of Steel, Shri Beni Prasad Verma has said that during 2011-12, consumption of finished steel in the country was 70.92 MT as against production of 73.42 MT. As such, there is no gap between demand and supply of the steel in the country. In a written reply in the Lok Sabha today Shri

Consumption and Production of Steel

The Minister of Steel, Shri Beni Prasad Verma has said that Iron and steel is a deregulated sector and decision regarding setting up of iron ore processing industries is  taken by  individual investors and the Government has no direct role in it. However, the Government is encouraging domestic utilization of iron ore fines through beneficiation and

New Steel Policy to be formulated

The Minister of Steel, Shri Beni Prasad Verma has said that production of steel has been consistently increasing since last several years. As per the available information, production of crude steel has increased from 70.67 MT in 2010-11 to 73.79 MT in 2011-12. The present National Steel Policy was formulated in the year 2005. However,

Organic photovoltaics on steel: ThyssenKrupp Steel Europe and Solliance researching applications for the new generation of solar cells

ThyssenKrupp Steel Europe and Solliance are counting on a highly promising form of power generation: organic photovoltaics (OPV). OPVs are flexible solar cells made of light-active plastics and can be manufactured by cost-effective processes suitable for large-scale production. They may be less efficient than previous rigid solar cells based on silicon but they offer the

Mechel Reports Temporary Suspension of Steelmaking Facilities in Romania and Ukraine

Moscow, Russia – November 23, 2012 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, reports temporary halting of production facilities at Donetsk Electrometallurgical Plant (DEMZ), which is part of Mechel’s steel division, and the schedule for temporary suspension of production at the group’s Romanian steelmaking facilities that are part

Indian Steel Industry Must Gain Competitive Edge through Innovation: Steel Minister

The Union Minister of Steel, Shri Beni Prasad Verma has said that Indian Steel Industry must gain competitive edge through innovation. He said this at the Golden Jubilee celebration of the National Metallurgists’ Day (NMD) Awards organized by Indian Institute of Metals (IIM) in Jamshedpur today. Shri Verma said that the most important challenge is

Mechel Reports 9M 2012 Operational Results

Moscow, Russia – October 29, 2012 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces 9M 2012 operational results. Production and sales for 9M 2012 Production: Product name 9M 2012, thousand tonnes 9M 2011, thousand tonnes  9M 2012 vs 9M 2011, % Coal (run-of-mine) 20,794 19,813 +5 Pig iron 3,107 2,672 +16 Steel

Steel Minister Reviews Performance of MSTC & FSNL MSTC Presents Dividend Cheque

The Union Minister of Steel, Shri Beni Prasad Verma has reviewed the performance of MSTC and FSNL Limited here today. The Secretary, Ministry of Steel, Shri D.R.S. Chaudhary was also present on the occasion. Shri S.K. Tripathi, CMD, MSTC Limited made a presentation on the performance of MSTC and FSNL as well as elaborated on