Russia: GPTI to produce seamless pipes

Gazpromtrubinvest intends to enter the new segments of the market, where the pipes, which cannot be welded, are used. Thus the company will build a seamless pipe manufacture. A three-roll technology will be used to reach the precision of the welded products. After the construction is complete, GPTI will have a unique manufacturing complex to…

Russia: OMK increases oil-and-gas pipe output

OMK intends to create a modern complex to produce oil-and-gas and OCTG pipes. Investments will exceed 40 billion rubles. The new pipe mills will start operating in 2018-2019, while the whole project will be finished by 2022. “Modernization will cover 100% of our OCTG pipe capacities. In April we signed an agreement with Mitsubishi Corporation…

Russia: Rusal borrows $1.7 billion

Rusal Holding has attracted the loan for pre-export financing for $1.7 billion.

According to the company statement the conditions are 3 months LIBOR +3% interest, 5 years. The goal of the loan is to refinance the current debt.

In Q1 Rusal net profits increased by 48% YoY, to $187 million. (Ukrainian metal)

Ukraine to inform WTO on scrap duty prolongation

Ukraine has to officially inform WTO of the intention to prolong the 30-euro per ton duty on ferrous scrap for 2 years and hold corresponding consultations. “The government has to work for industry, while trade diplomacy – for Ukrainian manufacture interests and economy. Such notification is highly important, so that our foreign partners understand us”,…

Ukraine: rebars hit by Egypt duties

The Ministry of trade and industry of Egypt has imposed antidumping duties on rebars imports from Ukraine, Turkey and China. Duties on Ukrainian rebars reach 15-27% of the customs cost, on Turkish – 10-15%, and on Chinese – 17%. The duties have been imposed for 4 months. The ministry started an antidumping investigation in December…

Ukraine: Metinvest Group wins Platts Global Metals Awards 2017

Metinvest Group won the Corporate Social Responsibility award at Platts Global Metals Awards 2017. This victory is a proof of the company’s commitment to principles of corporate social responsibility and world’s best business practices in HSE, and employee, business partner and community relations. Among the winners of the Corporate Social Responsibility award are also Thyssenkrupp…