The Eurasian Economic Committee has decided to suspend the imposition of an antidumping duty of 34.22% on steel railroad wheels from Ukraine. The decision comes into effect 30 days after publication and is valid through June 1, 2020. The repeated antidumping investigation on import of wheels from Ukraine was initiated by BelAZ and Kazakhstan Railways.…
Magnitogorsk was removed from the list of Russian cities with very high levels of air pollution, according to a report by the Federal Service for Hydrometeorology and Environmental Monitoring (Roshydromet) in 2018. Thanks to MMK’s large-scale environmental program, the Comprehensive Air-quality Index (CAI) indicator for the city will have been reduced to a low level…
On July 22 an employee perished at the Dneprovsky Iron and Steel Combine. This is the second accident this year. The accident happened in the blast furnace shop. The employee worked for a subcontracting organization. The previous accident happened on February 18. (Ukrainian metal)
In January-June Ukraine manufactured 9.42 million tons of rolled metal, up by 1.9% YoY, of which 8.11 million tons, or 86.1%, were exported. In H1 2018 the share of exports was 84.6% (7.82 million tons out of 9.25 million tons produced). The main export markets were the EU (32.1%), Africa (18.9%) and the Near East…
In January-June Ukrainian metal makers supplied 1.312 million tons of rolled metal to the domestic market. In 6 months domestic market received 1.974 million tons of rolled metal, of which imports accounted for 661.8 thousand tons, or 33.5%. In H1 2018 domestic market received 2.081 million tons, including 653.3 thousand tons of imports, or 31.4%…
NLMK Group, a global steel company, has signed a long-term strategic partnership agreement with LTC Group, Italy and Middle East, a leading European manufacturer of components for transformers and power generation devices. Under the agreement, NLMK Group companies in Lipetsk and Yekaterinburg will regularly supply grain-oriented and non-grain-oriented electrical steel and provide technical support to…
Debt-ridden metals giant Mechel has suggested its creditor banks reschedule repayment of a 347.5-billion ruble body of the debt for two years to 2024-2026, Deputy Chairman of one of the key creditors, Sberbank, said on July 24. “Mechel sent an updated financial model to the banks in June and asked to reschedule core debt repayment…
Russian precious metals producer Polymetal International increased gold production by 35%, to 602 000 ounces, while silver output fell by 14%, to 11 million ounces in January-June, it said in a statement. “We expect our production volumes to be significantly higher in the second half of the year because of a seasonal fall of concentrate…