Metals and mining, Turkey
MMK may resume the operation of hot rolling shop at Turkish steel plant MMK Metalurji already in July, its director for economics Andrei Eremin said on February 15.
Russian steelmakers fear another safety investigation in Turkey on imports of flat hot-rolled steel (HRC) from Russia, China and the Ukraine and try to prevent the threat at the level of intergover
Over $1 bln of loans were attracted for the project of construction of a metallurgical plant in Turkey started by MMK in 2007.
The Turkey's Ministry of Economy has published the final results of the anti-dumping investigation, concerning imports of hot-rolled steel from China, Russia, the Ukraine, Japan, France, Romania and Slovakia. On the basis of the report, in the next month the country will take a decision on the amount of duties, which tend to fully comply with the size of the calculated dumping margin. At the same time, the cheapest and the problematic Ukrainian import was excluded from the measure, the Kommersant reports.
In Jan-October 2015 Turkey reduced the import of scrap metal by 18.7% to 13.2 mln tons against Jan-October 2014, in monetary terms-by 40.5% to $3.66 bln, Turkish Statistical Institute (TUIK) reports.
The import from the USA fell by 9.1% to 2.958 mln tons, from Russia-by 16.1% to 2.068 mln tons while rose from the UK by 3.6% to 1.983 mln tons.
The supplies from the Ukraine grew by 48% to 1.065 thousand tons, from Lithuania – 9.9% to 358.8 thousand tons. The Ukraine lost its status of the 4th largest supplier of secondary raw materials for the metallurgical sector of Turkey being behind Belgium (+10.6% to 1.087 mln tons) but being ahead of the Netherlands (+38.8% to 824.3 mln tons).
In October 2015 the Ukrainian scrap producers reduced the export of ferrous scrap metal to Turkey in annual terms by 18.6% to 71.04 thousand tons while by September the growth made up 61.4%.
In general in October 2015 Turkey reduced the import of scrap metal in annual terms by 26.6% to 1.15 mln tons, in monetary terms- by 55.5% y-o-y to $266.2 mln.
Eti Bakir Tereksai, created by Kyrgyzaltyn (25%) and Turkish Eti Bakir (75%), has won the tender for the development of gold-antimony deposit Terek, gold ore deposits Terekkan and Perevalnoye in Kyrgyzstan, the State Agency on Geology and Mineral Resources under the Government of the Kyrgyz Republic reports.
According to the Turkish Statistics Institute, in August this year, the export of steel reinforcing bars from the country made up 632,205 tons, increased by 12.2%, while its price fell by 17.9% to $256.86 million, both indicators are on an annual basis.
In January-August 2015, the Turkish reinforcing bars export declined by 3.76% to 4.84 million tons, and its value fell 23.7% to $2.17 billion, both figures are as compared to the same period of 2014.
According to statistics, published by the Association of Turkish steelmakers TCUD, in August 2015, the steel export of Turkey made up 1.41 million tons that is by 7.2% more year on year. In particular, the shipments of steel pipes abroad increased by 9.4% to 0.149 million tons of billets - by 9.6% to 0.025 million tons.
By results of the work of metallurgical enterprises in August 2015, the Ukraine increased its steel production by 8.6% as compared to August 2014 to 1.919 million tons, retained the 10th place in the ranking of 65 countries, which are the main world manufacturers of these products, compiled by the World Association of producers steel (Worldsteel).
The fall in the steel production in August was recorded in most of the top ten, except for India, South Korea, Germany and the Ukraine.
According to customs statistics, in January-June 2015, foreign trade turnover of Russia made up $270.7 billion and it decreased by 32.6% in comparison with January-June 2014. The trade balance showed a surplus of $95.3 billion, which is by 16.7 billion less than in January-June 2014.
In January-June 2015, the export of Russia amounted to $183.0 billion, decreased by 28.8% as compared with January-June 2014. In January-June 2015, the basis of the Russian export to the non-CIS countries was fuel and energy products, the share of which in the commodity structure of the export to these countries amounted to 68.1% (in January-June 2014 - 75.3%).
In January-June 2015, the cost volume of energy products decreased by 34.5% as compared with January-June 2014, and the physical - increased by 10.3%. Among the energy goods the volume of exports of crude oil increased by 11.5%, electricity - by 25.0%, oil products - by 20.2%, including: kerosene - by 39.3%, diesel fuel - 18.0%, liquid fuels - by 23.5%. At the same time, the export volume of natural gas was reduced by 4.1%, coal - by 1.2%.