EAEU: EEC prolongs Chinese pipes investigation

Eurasian Economic Committee has prolonged the antidumping investigation on imports of stainless steel hot-deformed seamless pipes from China. The investigation has been prolonged till December 3. It was started on August 31, 2018 and covers pipes with the outer diameter of up to 650 mm. The investigation was initiated by Volzhsky Pipe Works, Pervouralskiy Pipe…

LIVE FUTURES REPORT 05/09: SHFE base metals prices rise on easing trade tensions, softer dollar; Ni, Pb buck trend

With the exception of nickel and lead, base metals prices on the Shanghai Futures Exchange were up during the morning trading session on Thursday September 5, with the complex buoyed by improved risk sentiment following an easing of geopolitical tensions and softer dollar. Investors’ appetite for risk has grown following favorable geopolitical events overnight that…

EUROPE WIRE ROD: Northern Europe prices down on poor demand

The price of mesh-quality steel wire rod in the Northern European domestic market decreased this week because of poor demand, sources told Fastmarkets on Wednesday September 4. Fastmarkets’ weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe, was €470-500 ($515-548) per tonne on Wednesday, down by €10-15 per tonne. Underlying consumption of…

Ministry of Natural Resources confirms effectiveness of MMK’s environmental programme to improve air quality in Magnitogorsk

Magnitogorsk has been excluded from the list of cities with the most polluted air in 2018, according to a report by the Russian Ministry of Natural Resources and Environment. Thanks to MMK’s large-scale environmental programme, the Comprehensive Air-quality Index (CAI) indicator for the city will be reduced to a low level by 2025. The draft…