Russia, 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.
In January 2014 RZhD stopped the buying of foreign rails, a spokesman for a railway monopoly said. In late 2013, “Trading House RZhD” (a structure of RZhD, engaged in rails purchase) thought about the possibility of buying rails from Japan Nippon Steel in 2014, but decided not to do that.
RZhD is about to buy rails from Evraz and Mechel instead of foreign ones. A source, close to Evraz said that RZhD purchased a lot of Japan rails during the reconstruction and updating of the rail-and-structural steel mill at the EVRAZ Consolidated West-Siberian Iron-and-Steel works (Evraz ZSMK). Since 2013 the company started producing 100-meters rails at its enterprise. A spokesman for Evraz refused to give any comments.
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.
The coal company Raspadskaya, controlled by the Evraz Group, has announced that it increased external sales, including to some Japanese and South Korean steel producers. The growth of export sales reflected demand at the domestic market of Russia, decreased in the first quarter.
To date, Raspadskaya has signed a contract of coal supply with Hyundai Steel and large steel mills of Japan, which weren’t named in accordance with confidentiality agreement.
The Japanese PM Shinzo Abe met the Kyrgyz President, Almazbek Atambayev in Tokyo. During the negotiations the agreement about development of bilateral economic relations was signed and importance of cooperation in the sphere of rare-earth metals mining was specified. “We’ll provide the financial support to the Kyrgyz government for the development and improvement of economic situation stimulating promotion of Japanese companies at the Kyrgyz market”, Shinzo Abe said.