Russia: Izhstal repairs steelsmelting complex

Izhstal has completed the capital repairs of the steelsmelting complex. The complex consists of a powerful arc furnace (DSP-40), a continuous casting machine, a ladle-furnace and a degasser. The capacity of the complex is 300 thousand tons of billets per year. At present the company produces some 300 steel grades, including 37 stainless grades. The…

Russia: coal output in Buryatia up in January-August 2018

In January-August the Republic of Buryatia mined 3754 thousand tons of coal, up by 42.8% YoY.

Razrez Tugnuyskiy has contributed the most to the output increase.

At the same time, the regional ministry of natural resources does not disclose the enterprise output. (Ukrainian metal)

Russia: Rusal gathering Chinese traders

Rusal is gathering a team of traders in China. According to sources, Rusal is creating a trade company consisting of a head of sales and traders, specializing in aluminum and alumina. The company will trade aluminum produced on local Chinese market. Rusal also hopes the company will analyze the ways to import metal to China…

Russia: deadline for deals with RUSAL extended

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has extended the deadline for investors to wind down business with Russia’s En+ Group and aluminum giant UC RUSAL until November 12 and from GAZ Group until October 23, the authority said. “En+ and RUSAL have approached the U.S. government about substantial corporate…

Russia: NLMK expands cooperation with transformer manufacturers in India, USA and Turkey

NLMK Group, an international steel company, has signed long-term strategic partnership agreements with the leading manufacturers of components for transformers: Enpay (Turkey), KRYFS (India) and National Material Company (NMC, USA). Under these long-term agreements, NLMK Group will regularly supply transformer steel from its production sites in Lipetsk and Yekaterinburg, and offer expanded technical support. The…

Russia: RZhD ships large coal batch to China

The Russian Railroads sales center in the city of Chita in August shipped over 13 thousand tons of coal to China.

It took the center some 200 wagons to ship the lot.

This was also the largest shipping to China last month. (Ukrainian metal)

Russia: Nornickel to pay $1.8 billion of dividends for H1 2018

An extraordinary shareholders meeting at Norilsk Nickel decided to pay 776.02 rubles of dividends per ordinary share (some $11.37) for the first half of 2018.

The total amount of funds to be paid as dividends is 122.8 billion rubles (around $1.8 billion). (Ukrainian metal)

EEU: stainless steel pipes from China to remain under import duties

The Eurasian Economic Committee suggests prolonging the current antidumping duties against Chinese seamless pipes of stainless steel for 5 more years. The duties target seamless, cold-drawn or cold-rolled ferrous pipes, tubes and hollow sections of corrosion-resistant steel manufactured by Chinese companies and imported to the territory of the EEU from China and Malaysia. The current…

Ukraine: AMKR CEO on main reasons affecting investment climate

Chief Executive Officer of PJSC ArcelorMittal Kriviy Rih and member of the Board of European Business Association (EBA) Paramjit Kahlon mentioned five main challenges foreign investors faced with in Ukraine in his opinion. “First thing required for stable performance of big international companies is investor-friendly attitude within the whole period of their activity. They should…