Russia: MMK to buy LMZ

MMK is preparing to purchase Lysva Iron and Steel Works. According to a source, the parties have signed preliminary documents and MMK has applied to the Federal Antimonopoly Service. The Service confirmed the receipt of the documents on August 17, but prolonged their reviewing to study the competition environment. MMK says it is regularly monitoring…

Kazakhstan ready for consultations with Ukraine in WTO over duties on steel pipes

Astana is ready to hold consultations with Kiev regarding antidumping duties on certain types of steel pipes imported from Ukraine in the Eurasian Economic Union (EAEU). “Kazakhstan is ready to hold consultations with its Ukrainian colleagues. The possible timeframes of the consultations are being discussed,” a source at the National Economy Ministry of Kazakhstan reported.…

Russia: Rosterminalugol exports 140 million tons of coal

Since its commissioning in 2003 Rosterminalugol has exported 140 million tons of coal.

The 130-millionth ton was exported on May 15, on the port’s birthday.

The anniversary 140-millionth ton was loaded onto Rixta Oldendorf bulker (Post-Panamax), which took onboard over 111.3 thousand tons of coal. (Ukrainian metal)

Russia: Korolevsky Pipe Works to shut down

Because of the limitation of steel coils supplies from metal works, Korolevsky Pipe Works intends to shut down its manufacture from October 15.

In October the company will produce 15 thousand tons of pipes. The decrease will affect all pipes sizes, produced at the works. (Ukrainian metal)

Russia: Moody’s improves Rusal outlook

Moody’s has improved from Stable to Positive the outlook for Rusal. The company corporate rating remained on Ba3 level. “Our decision to change the Rusal outlook is connected with the decrease of borrowed money early in the year on the background of the profit increase as the prices for aluminum improved”, the agency said. In…

Kazakhstan: SMS group to deliver ladle furnace to AMT

SMS group will supply a 290-ton ladle furnace to ArcelorMittal Temirtau.

The company will also supervise the assembly and commissioning of the new complex.

The cost of the machinery is not disclosed.

The new furnace will be put into operation in Q2 2018. (Ukrainian metal)

Russia: Zoloto Kuryi stays solvent

The arbitrary court of the Altai region has dismissed the Zoloto Kuryi LLC insolvency proceedings, as the claimant – Trud LLC – has revoked its claim. In April the court granted Trud LLC the right to recover 80.5 million rubles of debts on loan from Zoloto Kuryi. In 2016 Zoloto Kuryi planned to resume gold…