Russia: NLMK expands cooperation with transformer manufacturers in India, USA and Turkey

NLMK Group, an international steel company, has signed long-term strategic partnership agreements with the leading manufacturers of components for transformers: Enpay (Turkey), KRYFS (India) and National Material Company (NMC, USA). Under these long-term agreements, NLMK Group will regularly supply transformer steel from its production sites in Lipetsk and Yekaterinburg, and offer expanded technical support. The…

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Russia: RZhD ships large coal batch to China

The Russian Railroads sales center in the city of Chita in August shipped over 13 thousand tons of coal to China.

It took the center some 200 wagons to ship the lot.

This was also the largest shipping to China last month. (Ukrainian metal)

Russia: Nornickel to pay $1.8 billion of dividends for H1 2018

An extraordinary shareholders meeting at Norilsk Nickel decided to pay 776.02 rubles of dividends per ordinary share (some $11.37) for the first half of 2018.

The total amount of funds to be paid as dividends is 122.8 billion rubles (around $1.8 billion). (Ukrainian metal)

EEU: stainless steel pipes from China to remain under import duties

The Eurasian Economic Committee suggests prolonging the current antidumping duties against Chinese seamless pipes of stainless steel for 5 more years. The duties target seamless, cold-drawn or cold-rolled ferrous pipes, tubes and hollow sections of corrosion-resistant steel manufactured by Chinese companies and imported to the territory of the EEU from China and Malaysia. The current…

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Ukraine: AMKR CEO on main reasons affecting investment climate

Chief Executive Officer of PJSC ArcelorMittal Kriviy Rih and member of the Board of European Business Association (EBA) Paramjit Kahlon mentioned five main challenges foreign investors faced with in Ukraine in his opinion. “First thing required for stable performance of big international companies is investor-friendly attitude within the whole period of their activity. They should…

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Ukraine: scrap exports down in August 2018

In August Ukraine imported $2.849 million worth of ferrous scrap, up by 53.2% YoY.

According to the State Fiscal Service, exports dropped by 66.1%, to $5.826 million.

Ukraine mostly exported scrap to Turkey ($5.504 million).

In January-August scrap exports grew by 69.9%, to $98.244 million, while imports by 57.1%, to $24.858 million. (Ukrainian metal)