Severstal, the country's second-largest steel producer, said Thursday that its first-quarter net profit reached $427 million, thanks to the stronger ruble. Severstal, the country's second-largest steel producer, said Thursday that its first-quarter net profit reached $427 million, thanks...

Novolipetsk Steel said Thursday that it expects sales and margins to increase in the second quarter after it posted a first-quarter net profit of $173 million, down from $392 million in the year-earlier period. The company said the market is improving after prices...

New education minister and former Moscow Institute of Steel and Alloys rector Dmitry Livanov said the country needs to cut the number of university students that receive money from the state budget in half. New education minister and former Moscow Institute of Steel and Alloys rector Dmitry Livanov said...

Magnitogorsk Iron & Steel Works said Friday that shareholders approved its board of director's decision to pay no dividends for 2011. (Reuters) Torgovy Dom Tsentrobuv, Russia's biggest shoe retailer, signed a 5 billion ruble ($157 million) loan agreement with Sberbank until...

... United States than I am in any other sphere. My main role in Russia is being a board member and adviser to the senior management of Aton. Outside of my sphere of experience I have several other roles. One is as a board member for MMK, Magnitogorsk Steel. I've never been involved in the steel industry and to be blunt I don't speak "steel" in English, let alone in Russian. It's a steep learning curve. And then I am also a board member of a real estate company called Eastern Properties....

... of Facebook three years ago when he invested in the social-networking company and has now enjoyed a payday of about $1 billion, propelling him further ahead of Russia's oligarchs, who have largely stuck with oil and steel. Russia's richest man recognized the value of Facebook three years ago when he invested in the social-networking company and has now enjoyed a payday of about $1 billion, propelling him further ahead of Russia's oligarchs, who have largely stuck...

... promotion to be the minister. Writer and chairman of the previous State Duma’s culture committee Vladimir Medinsky is the new culture minister. The new education minister is Dmitry Livanov. He most recently was director of the Moscow Institute of Steel and Alloys, and served as deputy education minister before. Position Name Former positions, other information Previous position holder First Deputy Prime Minister Igor Shuvalov - Served from May 2008 as first deputy prime minister under Vladimir...

Flinders Mines dropped the most in more than 3 1/2 years in Sydney trading on concern that Magnitogorsk Iron & Steel's proposed 554 million Australian dollar ($540 million) takeover may not proceed. The Australian iron-ore developer tumbled 19 percent to 13 Australian cents, the biggest drop since Oct. 10, 2008, after a Russian court on Thursday deferred a ruling...

... a high-quality asset," finance chief Alexander Shenets said. It will give Globaltrans a 7 percent market share of overall cargo volumes in Russia, the world's largest country by territory, which relies on rail to deliver oil products, grain and steel to its home and export markets. "It is an excellent strategic fit," Shenets added. Globaltrans, which raised cash via a secondary offering to buy a controlling stake in BaltTransServis in 2009, has said it is looking for acquisitions....

... Russia, there will be no elections, nor will the authorities vacillate. That is why Russia's next revolution will be the ordinary type — not pink or orange, but just the plain old bloody type that Russian history knows all too well. As a piece of steel is formed by blows from the blacksmith's hammer, the oppression of the authorities at each successive rally will forge the leaders of this revolution. Whether we like them or not, opposition leaders Alexei Navalny, Sergei Udaltsov and Ilya Ponomaryov...

... gigantic upside-down table. VOSTOCHNY PORT, Primorye Region — The bottom half of what will be Russia’s biggest ice-resistant drilling platform looked like a gigantic upside-down table. The 52,000 cubic meters of concrete and 27,000 tons of steel mark the beginning of the third phase of the Sakhalin-1 project operated by ExxonMobil, which anticipates peak annual oil production of 4.5 million tons by 2017. For the U.S. oil major, the enormous Berkut platform is also a potential template...

... exhibitions; translation of technical and commercial documentation. 08/2003 - 06/2005 - The Moscow representative office of "Sumitomo Corporation" (Japan). Company’s direction of activity: international trading. Post: Specialist of tubular and steel products department. Functions: search and attraction of clients and new projects, using open sources and existing relations with the company in Russia and abroad; organization and carrying out of negotiations with participation of foreign colleagues;...

... movement. The Kremlin would like nothing better than to portray the opposition as a cabal of degenerate feminist punks, church desecrators and proselytizing homosexuals. How can a liberal movement overcome these obstacles and win the trust of disgruntled steel workers in Cherepovets or coal miners in the Kemerovo region? The easiest way would be to find a leader who can speak the language of the provinces and can personally convince Russians in depressed regions that he or she will not abandon them. The...

... significant room for non-organic consolidation. The experience of Russian companies in cross-border M&A deals is diverse but cannot be called successful. When the market is hot, corporates take more risky deals like Norilsk buying Lionore, Severstal buying steel assets in the United States — all of these deals have created losses for shareholders. But when risk trade is off and market conditions are more ascetic deals like buying Goldfields by Norilsk, Mol by Surgutneftegaz or stake in Mail.ru by...