The European Union is prolonging the antidumping duties on steel pipeline fittings manufactured in Russia, as well as Malaysia and South Korea for 5 years. The decision was taken in the interest of Vallourec Fittings, Erne Fittings and Virgilio Cena and Figli. The duties cover metal products confirming to the custom codes of CN CN…Details
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The E.U. has blocked Russia’s first request to create an arbiter panel at the World Trade Organization (WTO) in their dispute on the union’s anti-dumping duty on cold-rolled steel imports, the WTO said on April 11. Russia sent the request in March. The duties, introduced in 2016, amount to 18.7% for products of Magnitogorsk Iron…Details
The volume of direct Arab investments in the mining industry of Kazakhstan amounted to only $48.6 million in January-September 2018, down by 51.1% YoY. The results of two months of 2019 show that the volume of production in the mining industry reached 2.5 trillion tenge, with an annual growth of 12.9% (however, the industrial production…Details
In March scrap deliveries to Ukrainian metal companies improved. In particular, 296 thousand tons of scrap were procured, up by 118% MoM, of which domestic companies received 288 thousand tons, up by 125%. At the same time exports remained on the February level – 8 thousand tons. In Q1, 661 thousand tons were procured, down…Details
From April 11, the electricity supply to the Yuzhnodonbasskaya No. 1 mine are limited at the request of the “supplier of the last hope” – the state enterprise Ukrinterenergo. The mine debt for electricity in 2018 amounted to 133 million UAH. Yuzhnodonbasskaya No. 1 mine in the town of Ugledar (Donetsk region) was commissioned in…Details
TMK-Inox has commissioned new machinery, in particular the line of TIG and laser welding of stainless pipes, a Surface Engineering grinder and etch tanks. In 2019-2020 the company intends to increase the output of polished welded pipes. This year it will put into operation a polishing line. (Ukrainian metal)Details
Orel Steel Works is increasing its range of railroad fasteners. So far the portfolio of butt fittings consists of three types: M27, M24 and M22. For the M27 and M24 nuts a new steel grade was chosen. “Very often in order to decrease the prime cost some manufacturers replace quality metal with cheap one, and…Details
In January-March, Ukraine exported 19.638 thousand tons of scrap valued at $5.461 million, down 7.1-fold and 8.8-fold YoY respectively. According to the State Fiscal Service, in March Ukraine exported 8.246 thousand tons of scrap, in February – 8.252 thousand tons and in January – 3.14 thousand tons. At the same time Ukraine increased scrap imports…Details
In January-March, Ukraine exported 629.55 thousand tons of pig iron valued at $205.85 million, down by 25.9% and by 27.2% YoY respectively. According to the State Fiscal Service, the main importers were the US (66.31%),Turkey (9.74%) and Italy (8.84%). In Q1, Ukraine imported 216 tons of pig iron valued at $140 thousand as opposed to…Details
In March, Ukraine exported 77.06 thousand tons of ferroalloys valued at $86.1 million, up by 34.4% and by 34.3% MoM respectively. According to the State Fiscal Service, in Q1 Ukraine exported 238.16 thousand tons of ferroalloys valued at $262.9 million. The share of ferroalloys in foreign trade was 2.14%. In March, Turkey (11.9 thousand tons),…Details
In January-March Ukraine increased aluminum ore and concentrate (bauxite) imports by 22% YoY, to 1.4 million tons valued at $61.13 million, up by 35.3%. According to the State Fiscal Service, Guinea supplied most of the ore (58.47%), followed by Guyana (36.49%) and Brazil (4.77%). Ukraine did not re-export this raw material neither in Q1 2019,…Details
Precious prices increased in Azerbaijan on April 11 compared to the prices on April 10. The price of gold grew by 8.1777 manats, to 2,222.4185 manats per ounce. The price of silver went up by 0.0584 manats, to 25.8824 manats per ounce. The price of platinum increased by 25.857 manats, to 1,540.574 manats. While the…Details
Magnitogorsk Iron and Steel Works (MMK) is taking part in the international industrial exhibition Vietnam Expo 2019 in Hanoi. As one of the fastest growing economies in South-East Asia, Vietnam is one of MMK’s key markets. In 2018, MMK’s metal product shipments to Vietnam doubled compared to 2017, amounting to 540,000 tons and making MMK…Details