European Commission has decided to impose a fixed tax on each ton of hot-rolled iron, alloyed and unalloyed steel originating from Ukraine, Russia, Iran and Brazil instead of minimal import prices. The fixed tax per ton will become the final protection against hot-rolled metal imports from these countries. The tax for Russian manufacturers will be…
In January-August Novoshakhtinskoye Open Pit Group of Primorskugol LLC, a part of SUEK, shipped 1.738 million tons of coal from the Pavlovskoye deposits, up by 3.5% YoY. At present Primorskugol is constructing the Nekkoviy open pit at the Lipovetsky deposits. Its project capacity is 500 thousand tons of coal per year. The pit will be…
Chelyabinsk Zinc Works has started negotiations with the owners of major ferrous metal plants, including MMK and ChMK, on the possibility of processing and recycling their zinc-containing dust wastes. According to the company EO Pavel Izbrecht, the current technologies allow to effectively and safely process these raw materials. In 2017 it is planned to obtain…
ArcelorMittal Temirtau has put into operation a new 8 D1-2 breakage face at the Shakhtinskaya mine. The company has invested over 500 million tenge into the face. The coal reserves there are estimated at 590 thousand tons. Average daily output will be 3 thousand tons. The new breakage face will be developed for 9 months.…
Kyshtym Electrolytic Copper Plant is modernizing its copper wire rod shop. The company intends to replace the casting machine, increase the wheel diameter, furnace capacity, and assemble new engines. This will allow improving the speed of the technological chain to 20 tons per hour and output to 140 thousand tons of copper wire rod per…
Egypt decided to prolong temporarily antidumping duties on rebars, produced in Ukraine, Turkey and China, for 2 months. The size of the duty is 15-27% CIF for Ukraine, 10-19% CIF for Turkey and 17% CIF for China. Egypt introduced duties on imported rebars in June for 4 months. The decision was taken to protect local…
International rating agency Moody’s has improved its outlook of corporate ratings of Russian aluminum giant UC RUSAL to Positive from Stable, affirmed the corporate credit rating at Ba3 and the probability of default rating at Ba3-PD, the agency said in a research note late on September 26. Moody’s improved the outlook due to deleverage of…
Reclamation of the uranium-tailing dump near Min-Kush village in Naryn region of Kyrgyzstan has started, the Director of the Center for State Regulation of Environmental Protection and Ecological Safety under the State Agency for Environmental Protection and Forestry, Baigabyl Tolongutov, reported. According to him, the reclamation was started by Rosatom (Russia). It plans to spend…
