NLMK Group, an international steelmaking company with operations in Russia, the USA and the European Union, is upgrading hot-rolled steel production at the Lipetsk site: the plan is to install a new walking-beam reheating furnace to streamline the slab heating process. The new furnace will replace the outdated pusher-type furnaces currently operational at the facility.…
The European Union is planning to impose duties of up to 33% on hot-rolled steel imports from Ukraine, Brazil, Iran and Russia to counter what it sees as unfairly low prices, according to a document seen by Reuters. The EU has over 40 antidumping measures to aid European steel producers, mostly aimed at China, Reuters…
The share of Kyrgyzstan in Kumtor project decreased by 6%. The Canadian company Centerra Gold Inc. in 2016 bought Thompson Creek, which also specialized in gold and metal mining. The financial operation is estimated at a little more than $1 billion. To ensure a successful deal, additional shares were issued. A total of 26,599,500 new…
Severstal plans to continue hot-rolled steel exports to the E.U. market despite the European Commission’s plans to impose antidumping duties, the company said. Mass media said earlier that the E.U. intends to introduce a 5.3% to 33% import duty on hot-rolled steel imported from Russia, Ukraine, Brazil and Iran. According to Reuters news agency, the…
U.K.-based mining giant Evraz, which operates mainly in Russia, has cut its steel production by 9.5% QoQ, to 3.328 million tons in April-June, the company said in a statement on July 19. In January-June, the steel output of Evraz rose by 4% YoY, to 7.007 million tons. (Prime/Ukrainian metal)
In June Chelyabinsk Iron and Steel Works shipped 256.5 thousand tons of metal to its customers via railroad, down by 4.5% MoM and by 5.2% YoY. Local deliveries accounted for 220 thousand tons, down by 8.7% MoM and by 4.7% YoY, while exports stood at 36.7 thousand tons, up by 32% MoM, but down by…
In January-June Russian seaports transshipped 384 million tons of cargo, up by 11.3% YoY. According to the Association of sea trade ports, coal throughput increased by 16.2%, to 75.1 million tons, and of ferrous metals – by 0.1%, to 14.6 million tons. (Ukrainian metal)
In January-June the Russian Railroads transported 41.6 million tons of ferrous metals, up by 2.8% YoY. Local transportation amounted to 21.8 million tons, up by 1.4% YoY. International transportation increased by 4.3%, to 9.8 million tons. Imports accounted for 2.5 million tons, up by 60%, exports dropped by 0.5%, to 16.61 million tons. (Ukrainian metal)