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Latest Evraz Group Stories

2009-02-16 15:01:21

A mega merger proposal in Russia would result in the Kremlin controlling 25 percent plus one share of a company that includes an Oregon steel maker. The merger would include Evraz Group, which bought Oregon Steel Mills in 2007 for $2.35 billion, The Oregonian reported Monday. Norilsk Nickel shareholders Vladimir Potanin and Oleg Deripaska have proposed the merger, which would also involve mining company Metalloinvest, potash-producer Uralkali and titanium-producer VSMPO-Avisma, the newspaper...

2009-02-03 13:32:00

DOWNERS GROVE, Ill., Feb. 3 /PRNewswire-FirstCall/ -- TMK, one of the world's largest oil and gas pipe producers and the market leader of the Russian pipe industry, announced today that it has acquired 49% of NS Group Inc. (USA) from Evraz Group S.A. earlier than scheduled and in accordance with a call / put option that has existed between TMK and Evraz. As a result of this transaction, TMK now owns 100% of NS Group Inc. TMK also announced that it has repaid the remainder of the US 1.2...

2008-09-18 00:00:24

By Joe Napsha With oil hovering around $95 a barrel and drilling in the United States for oil and natural gas on the rise, the new Russian-based owner of steel tube plants in Koppel and Ambridge in Beaver County sees a bright future for local operations. "We see a number of pluses in this acquisition and in this market. The market is so dynamic. Everybody worldwide is drilling more, exploring more," said Piotr Galitzine, chairman of TMK IPSCO, the Lisle, Ill.-based North American...

2008-08-29 21:00:22

MOSCOW. Aug 29 (Interfax) - Russia's Evraz Group could increase its stake in Delong Holdings to 75% as the result of an offer if its bid to acquire a controlling 51% stake in the Chinese steel trader and producer is successful, Evraz co-owner Alexander Frolov said during a conference-call. Frolov said Evraz might consider other steel and coal acquisitions in China if the Delong deal comes off. "There are some fairly good opportunities for further growth in the Chinese market, but it's too...

2008-08-19 21:00:24

MOSCOW. Aug 19 (Interfax) - The Russian Federal Antimonopoly Service will order the Mechel (RTS: MTLR) coal and steel group to lower its coking coal prices 15%, FAS chief Igor Artemiyev told reporters. "We'll be recommending that the company lowers prices 15% by the end of the year, starting September 1," Artemiyev said. He said Mechel would be fined 790 million rubles, or 5% of its annual turnover from coking coal sales. The FAS said last week it had found Mechel guilty of breaking...

2008-07-30 21:00:30

MOSCOW. July 30 (Interfax) - The Federal Antimonopoly Service (FAS) opened two cases - concerning Raspadsky Coal LLC and Evraz Holding LLC - on evidence they violated fair competition laws, the FAS said in a statement. The FAS believes the companies abused their dominating position on the market in coking coal. Together with the Mechel (RTS: MTLR) coal and steel group, Raspadsky Coal and Evraz Holding control over 50% of the market. "The signs of antimonopoly violations is seen in the...

2008-07-30 06:00:43

Excerpt from report by Gazprom-owned, editorially independent Russian radio station Ekho Moskvy on 30 July [Presenter] The Federal Antimonopoly Service has instituted proceedings against two coal companies, Evraz Holding company and Raspadskiy Ugol. The service says that it has to do with irregularities on the coal market. Yevgeniy Buntman has the details. [Buntman] Mechel [metals and mining company recently criticized by Prime Minister Vladimir Putin] has new companions in misfortune...

2008-07-29 12:01:02

Text of report by Hong Kong newspaper South China Morning Post website on 29 July Evraz Group, a mining firm part-owned by Russian billionaire Roman Abramovich, has failed to block acquisition target Cape Lambert Iron Ore from selling a A$400 million (HK$2.99 billion) project to China Metallurgical Group Corp. Shareholders in Cape Lambert, an Australian miner 19 per cent held by Evraz, approved the disposal, the company said in a statement yesterday. Less than 1 per cent of shareholders...

2008-06-24 02:30:06

MOSCOW. June 23 (Interfax) - Market players have convinced the Russian government not to introduce export duties on ferrous metals scrap and coking coal, but instead, to practice long-term contracts between companies, a source with a metallurgical company told Interfax. Deputy Prime Minister Igor Sechin discussed the proposed practice of concluding long-term contracts between metal, coal, pipe and oil producers with managers of metal companies on Saturday, the source said. The...

2008-06-16 09:00:52

By Karen Vigil, The Pueblo Chieftain, Colo. Jun. 16--Rocky Mountain Steel Mills is no more. The minimill, along with its North American subsidiary operations in the U.S. and Canada, began operating Friday under their Russian corporation's owner moniker of Evraz Inc. NA. At the same time, Evraz officials also announced the completed acquisition of IPSCO Inc.'s Canadian plate and pipe business for an estimated $2.4 billion as well as the the planned sale of IPSCO's U.S. tubular and...


Word of the Day
cruet
  • A vial or small glass bottle, especially one for holding vinegar, oil, etc.; a caster for liquids.
This word is Middle English in origin, and ultimately comes from the Old French, diminutive of 'crue,' flask.
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