Russia: Rusal borrows $1.7 billion

Rusal Holding has attracted the loan for pre-export financing for $1.7 billion.

According to the company statement the conditions are 3 months LIBOR +3% interest, 5 years. The goal of the loan is to refinance the current debt.

In Q1 Rusal net profits increased by 48% YoY, to $187 million. (Ukrainian metal)

Ukraine: Metinvest, AMKR and Interpipe to participate in Ukrzaliznytsia scrap sales

Metinvest Group, ArcelorMittal Kriviy Rih and Interpipe intend to take part in the Ukrzaliznytsia tender to sell 84.5 thousand tons of ferrous scrap with the initial price of 417.9 million UAH. In particular, Metinvest reported that its Metinvest-resource, the exclusive supplier of scrap to its companies, would participate in the auction. AMKR confirmed its intention…


Ukraine: rebars hit by Egypt duties

The Ministry of trade and industry of Egypt has imposed antidumping duties on rebars imports from Ukraine, Turkey and China. Duties on Ukrainian rebars reach 15-27% of the customs cost, on Turkish – 10-15%, and on Chinese – 17%. The duties have been imposed for 4 months. The ministry started an antidumping investigation in December…


Ukraine: Metinvest Group wins Platts Global Metals Awards 2017

Metinvest Group won the Corporate Social Responsibility award at Platts Global Metals Awards 2017. This victory is a proof of the company’s commitment to principles of corporate social responsibility and world’s best business practices in HSE, and employee, business partner and community relations. Among the winners of the Corporate Social Responsibility award are also Thyssenkrupp…


Russia: NLMK expands infrastructure to support production growth at Stoilensky GOK

NLMK Group, an international steel company with facilities in Russia, the EU, and the USA, has began hot-testing the second stage of its thickening unit at Stoilensky’s tailings facility. The project will enable the company to switch to a more efficient and environmentally friendly method of handling, transporting, and storing waste ore (tails) after beneficiation.…


Ukraine: Rotterdam+ coal scheme dangerous

Prosecutor General of Ukraine Yuriy Lutsenko has said the Rotterdam+ scheme is dangerous and has called on Verkhovna Rada deputies to enact a law regulating payments for coal imports. “As for the coal issue: if previously funds were pilfered via special schemes involving budget payments to mines, today there exists an even more dangerous scheme…