Steel Archive

Mechel Announces Obtaining 24-Billion-Ruble Loan

Moscow, Russia – October 15, 2012 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, reports signing long-term agreements with Sberbank of Russia OAO on opening several credit lines to Southern Kuzbass Coal Company OAO for a total of 24 billion rubles. Sberbank of Russia OAO opened four credit lines

Siemens extends its range of solutions for pickling plants

Siemens Metals Technologies has acquired the know-how for acid regeneration from Acreg Process Technology GmbH, Vienna, Austria, thus extending its portfolio for pickling plants in the steel industry. Aashish Gupta, who is responsible for the worldwide continuous casting und rolling mill business at Siemens Metals Technologies, explained, “By acquiring proven technologies of plants for regenerating

Mechel Wins Award for Developing Elga Coal Deposit

Moscow, Russia – October 12, 2012 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces that its subsidiary Mechel Mining OAO won the Minex-2012 Mining Excellence Award’s Investor of the Year nomination for implementing the project on development of the Elga coal deposit. The award committee’s independent experts evaluated

Mechel Announces Signing Cooperation Agreement with Russia’s Economic Development Ministry

 Moscow, Russia – October 12, 2012 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, reports signing an agreement with the Russian Federation’s Economic Development Ministry for cooperation aimed at support and development of the Group’s external economic operations. Within this agreement’s framework, the Economic Development Ministry will lend its

SSAB – Tibnor and Peab develops partnership

The Nordic steel distributor Tibnor and the Nordic construction and civil engineering company Peab, has signed a group-wide agreement of reinforcing and long products deliveries in Sweden, Norway and Finland.  The deepened collaboration begins during the end of 2012 and is a complete solution including material and value-add services within logistics, production and administration. “We

2012 worldsteel Safety and Health Excellence Recognition

New Delhi, 10 October 2012 – worldsteel has recognised four member companies, China Steel Corporation, Gerdau, NatSteel, and Tata Steel Limited for excellence in their safety and health programmes. Xiaogang Zhang, worldsteel’s Chairman for 2011/2012, said: “The goal of an injury-free work environment is the highest priority for our industry and the safety and health

World Steel Association elects new officers and welcomes new members

New Delhi, 10 October 2012 – The Board of Directors of the World Steel Association (worldsteel) has elected the following new officers for 2012/2013: Chairman: Alexey Mordashov, General Director, Severstal JSC Vice Chairmen: Xiaogang Zhang, President, Anshan Iron & Steel Group Corporation Joon-Yang Chung, Chairman and CEO, POSCO Treasurer: John Surma, Chairman and CEO, United

Government decides not to Proceed for the Time being with the initial Public offer of 10% Paid-P Equity Shares Of Rashtriya Ispat Nigam Limited (RINL);

 Government Remains Committed to the Disinvestment Programme and will Evaluate the Decision in due Course keeping in View all Relevant Factors. Rashtriya Ispat Nigam Limited (RINL) had earlier proposed to make an initial public offer of 488,984,620 Equity Shares of Rs. 10 each by way of an offer for sale by the President of India,

Rio Tinto Investor Seminar

Rio Tinto is holding an investor seminar in London and New York today that includes an in-depth look at its Copper product group and its Technology & Innovation group. Highlights from the presentations: • Rio Tinto’s strategy of maximising shareholder value by investing in and operating large, long-term, cost-competitive mines and assets is unchanged. •