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History

2016
December
Metalloinvest has signed a contract with SMS Concast AG (Switzerland) for the modernisation of the four-strand continuous casting machine at Ural Steel (CCM #1). As part of its modernisation, CCM #1 will be adapted to produce 455mm billets for railway wheels and square billets with section measurements of 300 x 330 mm for rail production. SMS Concast will produce and supply the new equipment.
November
Metalloinvest was victorious at the 2016 Impact Awards Corporate Reputation Competition, one of the most prestigious international annual report competitions. The Company received Platinum Awards for the print and interactive versions of its 2015 annual report.
November
Metalloinvest's 2015 annual report has received several accolades at the MarCom Awards, an international competition. The company received a Platinum Award in the 'Annual Report’ and 'E-Annual Report' categories and a Gold Award in the 'Best Staff Development Project' category.
November
Metalloinvest has signed its first long-term contracts to supply hot-briquetted iron (HBI) to Russian metallurgical companies. In the year of its tenth anniversary, Metalloinvest has signed three long-term contracts with its largest partners: Magnitogorsk Iron and Steel Works (MMK), TMK and ChelPipe Group.
October
Metalloinvest has launched the site 'Made from Our Products' for its tenth anniversary. 10years.metalloinvest.com, providing information about the contribution of the Company to the development of various industrial sectors.
September
Metalloinvest announces that Dagong Global Credit Rating Co., Ltd (“Dagong”), a Chinese credit rating agency, has affirmed the Company’s ‘BBB+’ long-term issuer credit rating in domestic and foreign currencies with a Stable outlook. According to the national scale of China, this is equivalent to the highest rating ‘AAA’.
August
Metalloinvest has started construction of a reduction and calibration section for Rolling Mill 350’s mid-size production line at Rolling Unit #2 at OEMK (part of the Company). Germany’s SMS MEER GmbH will supply the equipment.
July
Metalloinvest as a part of optimisation of its loan portfolio repayment schedule has repaid approximately USD 600 mn ahead of the scheduled maturity dates.
July
Ural Scrap Company - Oskol has today commissioned Metso Lindemann Scrap Shears #2 at its scrap processing unit. The equipment is designed to press and subsequently cut scrap. The shears have a cutting force of 1,250 tonnes, and can process up to 20,000 tonnes of scrap per month.
June
Ural Scrap Company - Oskol has today commissioned Metso Lindemann Scrap Shears #2 at its scrap processing unit. The equipment is designed to press and subsequently cut scrap. The shears have a cutting force of 1,250 tonnes, and can process up to 20,000 tonnes of scrap per month.
May
The second gas purification unit at the electric arc furnace shop (EAF) was launched at OEMK. The commissioning of the second gas purification unit (at EAF #1 and EAF #2) is the final stage of a large-scale investment project to modernise the entire gas purification system at the electric arc furnaces.
May
Fitch Ratings (“Fitch”) confirmed the Company’s ‘BB’ corporate rating with a Stable outlook.
April
Blast Furnace #4 at Ural Steel (part of Metalloinvest), which has a design capacity of 1.5 mn tonnes of pig iron per annum, is now operating at its planned production capacity following large-scale maintenance works.
April
Moody’s Investors Service (“Moody’s”) confirmed the Company’s ‘Ba2’ corporate rating with a Stable outlook.
March
Metalloinvest has been victorious at the “Russian Business Leaders: Performance and Responsibility – 2015” nationwide contest, winning the “For contributions to solving regional social problems” category. The winners were announced as part of Russian Business Week.
February
Standard & Poor’s Ratings Services (“S&P”) affirmed ‘BB’ long-term foreign- and local-currency ratings on the Company.
January
Metalloinvest and Novolipetsk Steel announced the extension of their existing long-term pellet supply contract until 31 December 2016. The contract was originally signed in 2011. According to the agreed terms, Metalloinvest will supply NLMK with more than 3 million tonnes of pellets this year.
November
The launch of Pig Iron Casting Machine #5 has taken place at the blast furnace shop of Ural Steel. The launch of Pig Iron Casting Machine #5 has taken place at the blast furnace shop of Ural Steel. The commissioning of the new unit will increase pig iron production capacity by 500,000 tonnes annually.
November
Metalloinvest has received a long-term issuer credit rating in domestic and foreign currencies of BBB+ with a Stable outlook from Dagong Global Credit Rating Co., Ltd, a Chinese credit rating agency.
September
Metalloinvest has launched Russia’s largest pellet plant #3 at Mikhailovsky GOK. It is a unique project in terms of its scale and significance, in which the Company invested over RUB 16 billion. The completion of the plant construction enables Metalloinvest to increase pellet output capacity by 5 million tonnes to 27.6 million tonnes a year.

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