Russia 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.
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%.
Today UC Rusal announced of the foundation of its trading representation in Istanbul (Turkey). It will he headed by I. Kosoglu. He has 19 years of experience of working in the aluminium industry of Turkey at various positions.
The products of UC Rusal make up almost 50% of the entire aluminium imported by Turkey.
Russian pipe producers continue to ship pipes for underwater part of the "South Stream" pipeline to Bulgaria, the construction of which "Gazprom" canceled two weeks ago.
Russian pipe companies continued to produce and deliver the pipes for construction of the offshore section of the "South Stream" pipeline to Bulgaria, a source in one of the pipe companies told "the Vedomosti". Oleg Kalinskiy, the director of the Development Fund for the pipe industry, confirmed this: "We have not received official notification on the suspension of the "South Stream", and we continue to operate under the previous agreements".
The Vyksa metallurgical plant, in the structure of OMK, keeps executing the provisions of the contract on pipes production for South Stream, the head of the PR department of the enterprise, S. Zagulovsky, said.
According to him, currently the Vyksa metallurgical plant hasn’t received any notifications on the change of conditions of the signed agreements on pipes supply for the construction of South Stream due to the shutdown of the project.
“At the present time, according to the approved schedule, the Vyksa metallurgical plant keeps producing pipes for the first stage of the offshore site of South Stream”, Mr. Zalugovsky said.
According to him, in March 2014 OMK signed 2 contracts with SouthStream Transport BV, according to which the plant is to produce and supply to the customer over 600 km of pipes (over 1/3 of the necessary volume) for the construction of the first and second stages of the offshore part of South Stream.