Russia: EAEC angles investigation prolonged

The Eurasian Economic Commission department of the local market protection has prolonged the antidumping investigation on the imports of hot-rolled steel angles from Ukraine. The investigation term has been prolonged until October 10. In early July the investigation proved the existence of dumping. It was suggested to impose an import duty of 37.89% on the…

Russia: construction of new solid waste landfill at Bystrinsky Mining and Processing Plant completed

As part of preparations to launch the Bystrinsky Mining and Processing Plant, Nornickel has completed construction of a modern landfill site for solid waste. Designed to eliminate the plant’s environmental footprint, it is the only waste disposal site in the Trans-Baikal Territory today that is fully compliant with all sanitary regulations. Nornickel treats environmental protection…

Russia: Ruspolymet net profits down in H1 2017

In January-June the net profit of Ruspolymet decreased 2-fold YoY, to 201.3 million rubles. The company earnings increased by 15%, to 4.1 billion rubles, sales profits dropped by 15%, to 728.1 million rubles. EBITDA decreased 1.6-fold, to 273 million rubles. According to the company statement, its accounts payable totaled 4.479 billion rubles as of late…

Russia: MEGA-stal opens new LDP shop

MEGA-stal (Moscow region) has completed the manufacture modernization.

Now the company operates a new shop to produce electric welded pipes without the circular seam according to GOST 20295×85.

The pipes are manufactured in the 630-1020 mm diameter. (Ukrainian metal)

Russia: Nornickel increases stake in Krasnoyarsk River Port

Nornickel Group has increased its stake in Krasnoyarsk River Port’s authorized capital to 93.7% of the ordinary (voting) shares. The transactions were carried out as part of the strategy of Nornickel’s transportation and logistics function, which focuses on boosting the efficiency and streamlining the management of the group’s transportation assets. The price of Krasnoyarsk River…

Russia: STZ modernizes pipe-rolling shop

The pipe-rolling shop No. 1 of Seversk Pipe Works has successfully finished scheduled repair and modernization works. The modernization of the FQM continuous casting machine and the pipe-finishing site lasted for 14 days. As the result, the exploitation characteristics of the shop machinery have improved, and the FQM mill operational stability has increased, which will…

Ukraine: pipes hit by Mexican duties

The Ministry of economy and trade of Mexico has set up preliminary compensation duties on imports of seamless steel pipes from Ukraine, as well as South Korea, Spain and India. Duty for Ukrainian pipe makers is $170.11 per ton. The antidumping investigation began on December 15, 2016, and covers the time frame from April 1,…

Ukraine: EMSS working on AMKR order

Energomashspetsstal has supplied a batch of working rolls to ArcelorMittal Kriviy Rih.

The order has been made under the contract concluded in March.

The total weight of 4 rolls is 132.530 tons. The rolls will be used in bar-rolling mills.

EMSS and AMKR have been cooperating since 2011. (Ukrainian metal)

Russia: OZRK output up in H1 2017

In January-June Omolonskaya Gold Ore Company produced 2.6 tons of gold, up by 45% YoY. The main yield was from the Tsokol and Birkachan deposits. Gold contents in ore have grown by 12% since the start of the year, to 5.3 g per ton. In Q2 gold mining increased by 9%, to 94%. This year…