Russia Metals and Mining, India
The Governor of the Kamchatka Region Vladimir Ilyukhin discussed prospects for implementation of the investment project on development of the Krutogorovsk coal deposit with representatives of Tata
The International Energy Agency (IEA) predicts an increase in world coal demand by nearly 200 million tons in the next five years - up to 5.64 billion tons in 2021.
On Tuesday, India approved the anti-dumping duties on hot-rolled steel flat products from China, Japan, South Korea, Russia, Brazil and Indonesia, the Department of Taxes and Fees under the Ministr
NLMK intends to develop the production of electric steel and flat rolled products in India.
The Minister of the Andkhra-Pradesh state, N. Ch. Naydu, addressed to the management of NLMK in Russia upon the investment in India. In the framework of the Innoprom-2016 workshop in Yekaterinburg he met with the head of the electric steel division of NLMK, V. Shevelev. The latter said the plant plans to invest $1 bln into the metallurgical sector of India.
Mr. Naydu invited the head of NLMK to visit the Andkhra-Pradesh state and collect the information on natural resources.
Mr. Naydu also met with the Governor of the Sverdlovsk region, E. Kuyvashev, and showed his interest in the foundation of the Russia-India industrial cluster in Andkhra-Pradesh. The Governor said he will send a delegation to India for the assessment of perspectives of such a cooperation.
Mr. Naydu talked to the Governor of the Chelyabinsk region, B. Dubovitsky, an showed his interest in the enterprises of the metallurgical and car manufacturing sectors as well as products of agricultural producers of the Chelyabinsk region.
Interview with RFPI chief Kirill Dmitriyev
On the background of the decreased value of freight of vessels, Russian coal companies have new opportunities for the development of supplies to the APR markets which are far located from the ports of the Far East, is said in Mechel’s forecast.
Perspective countries for the supply of Russian coal may be India, Malaysia, Thailand etc.
In February 2016 a vessel loaded with thermal coal left for India from the Elga deposit.
In 2015 about 4 mln tons of coal was extorted at the Elga deposit, which is by 3.5 times more than in 2014.
Previously a vessel shipped anthracite extracted in Kuzbass to India.
China is developing its energy sector in the direction of gasification, reduces volumes of coal consumption.
However, other countries of the South-Eastern Asia in general increase the import of raw materials.
In the coming years the stake of imported coal in the region is expected to grow from 32% to almost 50%.
The Canada Border Services Agency — CBSA has introduced a duty for the import of hot-rolled steel plates and steel plates out of high –resistant low-alloyed steel from Russia and India.
A 98.1% duty is set for both countries. Meanwhile the duty for Severstal is 15.3%.
It was found out during the investigation that the Indian producers, unlike Russian, were issued subsidies.
Severstal said that it would try to reduce the protective duty. The company will try to get the antidumping duty for steel plates to be reduced as it considers it to be very high. The stake of supplies of these products from Russia makes up 3% of its total import to Canada and 1% of the visible consumption and they fully meet the rules of the international trading and are held at market prices, the representative of the metallurgical company said.
The antidumping investigation started on June 10th 2015 by the claim of Essar Steel Algoma. In September CBSA announced of the introduction of a 18.9% preliminary compensation duty for the products of the Russian companies.
Excess of cheap steel on the global market led to the fact that in recent years the number of anti-dumping investigations in this area increased dramatically. The industry believes that its main threat is a sharp increase in the production in China, but closing from cheap Chinese steel importing countries also block the supply of metal from other countries, including Russia. It becomes increasingly difficult for domestic steelmakers to fight a wave of isolationism on their traditional overseas markets, and they can redirect the export to other countries always.
Since 2010, Russian steelmakers exported about one-third of the produced steel - 25-27 million tons of rolled products per year. These volumes are less than the export sales of 2008-2009, which reached 30 million tons, and may even decline because of the surge in protectionist investigations worldwide. According to the Ministry of Economy, in 2014-2015, 18 new investigations and revisions of measures affecting exports of Russian steel industry were initiated abroad, and eight of them have ended not in favor of Russia.
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.