Steel

Russian Steelmaker MMK Announces IPO Plans

One of Russia’s largest steelmakers, Magnitogorsk Iron & Steel Works (MMK) plans to float shares in London and Moscow with ABN Amro, Morgan Stanley and Renaissance Capital acting as lead managers, the firm said on Monday, March 26.

Popularity: 2% [?]

March 26, 2007

Abramovich Faces U.S. Probe Over Kremlin Ties

U.S. authorities are to examine Roman Abramovich’s ties to the Kremlin as part of a national security review of a $2.3bn bid for Oregon Steel by a company, the Financial Times daily reported Monday.

Popularity: 5% [?]

December 11, 2006

Russia’s Metalloinvest to Invest $156 Million in UAE

Metalloinvest, the Russian steel and iron ore company controlled by billionaire Alisher Usmanov, plans to invest AED 572 million (about $156 million) building a steel rolling plant in the United Arab Emirates, the company said on Wednesday.

Popularity: 5% [?]

December 7, 2006

1 Worker Killed, 5 Missing in Steel Plant Fire in Urals

At least one worker has been killed and five are still missing in a fire at one of Russia’s largest steel and iron works in the city of Magnitogorsk in the Urals, a local emergencies spokesman said Wednesday.

Popularity: 1% [?]

November 29, 2006

Russia’s Severstal in Talks to Buy U.S. Weirton Steel

Russian steel maker Severstal is in negotiations to buy Weirton Steel Corp. of the United States from Mittal Steel, Russian paper Kommersant reported on Friday, without naming its source.

Popularity: 3% [?]

November 24, 2006

Russia’s Biggest Steelmaker Acquires Oregon Steel For $2.3 Billion In Cash

Russia’s biggest steelmaker, Evraz Group, said it was buying Oregon Steel Mills Inc. for $2.3 billion in cash, making it one of the largest investments ever by a Russian company in the U.S. economy, the Associated Press reports.

Popularity: 1% [?]

November 21, 2006