Russia Metals and Mining, Japan Metals and Mining
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.
The Government of India intends to introduce antidumping duties on imports of steel products in the amount of 20% of their customs value. Metallurgical companies of Russia, China, Japan and South Korea will fall under the sanctions. Currently, the draft document is held formal discussions in departments of the Indian Ministry of Finance, after which are likely to be adopted at the Cabinet meeting.
New duties will be the third step of the Indian authorities to protect domestic producers since July this year. However, previously the Government introduced slight increase in the import duties on a narrow range of rolled metal.
"Inter RAO" and "RAO ES Vostoka" build export plans.
State Company "Inter RAO" and "RAO ES Vostoka" are trying to promote alternative Sakhalin - Japan export energy bridge construction. The project of "Inter RAO" is larger: the company wants to build up to 3 GW of new coal and gas generation. "RAO ES of the East", by contrast, intends to load its existing units and build no more than 1 GW of thermal power plants for export. But both projects look hypothetical: no project operators or investors are identified, large deliveries are possible only with laying power lines to the island of Honshu.
In June 2015, the global crude steel production made up 136 million tons, which is by 2.4% below the level of June 2014.
China produced 69 million tons of steel in June, which is by 0.8% less than last year. Japan also reduced the steel production by 6.2% y/y or to 8.6 million tons. The reduction took place also in South Korea – by 3.6% to 5.9 million tons. But India increased its steel production by 0.8% to 7.4 million tons.
According to the World Steel Association, in May 2015, the global steel production was 139 million tons, which is by 2.1% less than in the previous year.
The Chinese steel production fell by 1.7% to 70 million tons. Japan produced 8.9 million tons of steel in May, which is by 7% less than the level of the previous year, South Korea produced 6 million tons, decreased by 2.6%, and India - 7.68 million tons, which is by 4% more than last year.
UC Rusal awaits growth in global aluminum consumption by 22% to 66 million tons by 2018 compared to 52 million tons in 2013, the chief of the company O. Deripaska claims.
Norilsk Nickel actively negotiates about large supplies of palladium and platinum to China and Japan, the Financial Times writes. The First Vice CEO and the chief of the sales department, P. Fyodorov says that Norilsk Nickel elaborates the new 5 year contract for supplies of palladium and platinum, analogical to those executed with the German BASF. The contract presupposes precious metals supplies on an advanced payment basis.
In Jan-June 2012 according to the customs and railroad statistics (in the countries of the Customs Union), the export of ferroalloys made up 436.6 thousand tons.
It is by 12% more against the same period 2011 and 4% less against the same period 2010. The 2009 level was exceeded by 39%, of 2006-2008 – on average by 36%. Read more »
In 2011 Russia plans on increasing the coal supplies to Japan by 16 % and reach 12 mln tons, reported K. Alekseev, the Director of the Coal and Turf Trade Department of the Ministry of Energy. After destructive earthquake and tsunami in March 11 2011, Japan went into an energy crisis and the Government had to resort to radical energy cut offs. K.Alekseev reported on Tuesday, that last year Russia exported 10.37 mln tons of coal to Japan. This year the figure might reach 12 mln tons. According to Mr. Read more »
SUEK plans to increase coal supplies to Japan by 1 million tons in comparison with the last year, reaching 3 million tons, reported the A.Belova, the officer of board of the conference “The Otrasl. Fuel Energy Sector” in St. Petersburg. According to her, Japan has expressed several requests to increase the supplies. Unfortunately, there are serious problems with Japan since they receive additional coal supplies from Russia, Indonesia, Australia, because earthquake and tsunami had a great impact on all its infrastructure system, including the ports and the roads, said A. Belova. Read more »