Ukraine: US retains hot-rolled metal duties

United States International Trade Commission has decided not to cancel antidumping duties on the carbon flat hot-rolled steel originating from Ukraine, as well as China, India, Indonesia, Taiwan and Thailand. The decision has been taken under the third 5-year sunset review. US for the first time imposed a 90.33% antidumping duty on Ukrainian hot-rolled metal…

Russia: NLMK Group migrates online marketplace and customer service to new platform

NLMK Group, a global steel company, is migrating its online marketplace https://nlmk.shop/ and customer service to SAP C/4HANA platform (formerly known as SAP Hybris), a part of SAP Customer Experience solutions portfolio, to enable prompt delivery of a wide range of steel products and a unique customer service offer. NLMK’s e-marketplace for SME’s https://nlmk.shop/ was…

Russia: MMK IFRS net profit down in H1 2019

The net profit of Russia’s Magnitogorsk Iron and Steel Works (MMK) fell by 25.9% YoY, to $497 million in January-June, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on August 1. Revenue went down by 7.8%, to $3.835 billion in the period. Earnings before interest, taxes, depreciation, and amortization…