Magnitogorsk Iron & Steel Works (MMK) sheet-rolling shop recently manufactured a pilot batch of cold-rolled products made of rephosphorized steel; this batch has already been shipped to the customer, AvtoVAZ. MMK PR Department reports RS steel contains up to .12% of phosphorus, which, in combination with a number of other chemical compounds, helps get very durable, yielding, and stretchable kinds of steel that are corrosion-resistant and have outstanding welding properties. This is why RS steel is particularly popular with car manufactories. MMK’s sheet-rolling shop 5 is now making

‘The recent glitch in the Italian ATM network is something that can actually be repeated in Russia, but the likelihood of such an event is extremely low. In case of the Italian machines, the reason behind the trouble was some software malfunction,’ Bank Koltso Urala’s Card Management Department informed UrBC. Meanwhile, the dwellers of several Italian cities were shocked a few days ago when due to a computer glitch of some sort some Postamat ATMs started withdrawing much more money from their bank accounts than the customers were actually taking out. ‘As for Russia, an ATM can stop operating

The detention of Bank VEFK Ural’s former Chair Olga Chechushkova has been extended until February 28, 2010. The decision was taken by the court after the investigative authorities had placed an application to this extent. Olga Chechushkova was arrested and placed in a detention ward at the beginning of July 2009. She is suspected of abuse of power as stated in Article 201 (part 1) of the Russian Federation Criminal Code. The investigative authorities believe that in 2007-2008, Ms Chechushkova kept signing agreements which were disadvantageous for the bank but which resulted in getting private