Lithuania: US decision on tariffs upsetting

Lithuanian officials say that the US decision to impose tariffs on EU steel and aluminum imports is very disappointing, but does not mean a trade war. According to Deputy Foreign Minister Albinas Zananaviius, Lithuania is “very disappointed”, because the intensive talks between the European Commission and the United States, and efforts by other European countries…

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Georgia: two dead in mining accident

Two miners have died at an open extraction coal quarry in Tkibuli town. The bodies are already being examined to identify the circumstances of death. The Ministry of Internal Affairs has started an investigation into the case under the Criminal Code, which implies the violation of safety rules in mining. Another six miners died and…

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Russia: MMK AGM results

On June 1 MMK held its Annual General Meeting of Shareholders (AGM) in Magnitogorsk. The AGM approved MMK’s annual report and financial statements for FY 2017 and approved a dividend payment for the 2017 financial year of 0.806 rubles per share (including tax). Previously shareholders received interim dividends for H1 2017 of 9,710.5 million rubles…

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Russia: NLMK develops e-commerce

NLMK Group, a global steel company, opens access to an e-commerce website for SMEs. A hi-tech online marketplace is now available at https://nlmk.shop/. NLMK Group has been operating an e-commerce platform since 2012, based on the “Client-Info” RMS system. Access to the platform is open to large clients that have long-term established relations with NLMK.…

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Russia: VZK to produce steel structures for Krasniy Octyabr

Volzhsky Steel Structures Works is participating in the project on the environment modernization of the manufacturing process at the Krasniy Octyabr Iron and Steel Works. According to the VZK sales director Julia Ilchenko, the company will produce gas pipeline structures. The company is also actively cooperating with the enterprises of the fuel and energy complex,…

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