Magnitogorsk metallurgic plant MMK, Oil and Gas
MMK, TMK and ChTPZ have signed with Gazprom a 3-party program of scientific-technical cooperation for the output of steel plates and new generation pipes.
On October 28th, both companies filed lawsuits to the European Court of general jurisdiction against the European Commission, the Court's website reports.
Russian metallurgical companies have become the object of a new investigation of the European Commission (EC): local steelmakers complained of dumping shipments of flat hot-rolled from Russia and four other countries. But, according to the Kommersant’s sources, for a while only 6% of the dumping margin is imputed to the Russian metallurgical companies, and a possible duty of 6-10% will allow them to maintain the basic supply volumes. Analysts estimate the possible loss of the Russian participants of the industry in such situation at only $50-60 million of EBITDA per year.
The EC has initiated the anti-dumping investigation on imports of hot-rolled flat products from Russia, Serbia, Brazil, Iran and the Ukraine. It was started at the request of the steel lobby Eurofer, filed on May 23, the Bulletin of the EC informs. The investigation will concern uncoated flat hot-rolled except electric steel and stainless steel. The Commission will examine the delivery for the period from July 1, 2015 to June 30, 2016 in order to fund the dumping and injury to local producers, as well as the situation in the period from January 1, 2013 to assess whether the tendency evolved then, threatening the EU steelmakers. The investigation will take up to 15 months, the preliminary duties can be introduced in nine months - in spring of 2017.
Magnitogorsk metallurgical plant has held a meeting of the coordinating council between MMK and ChTPZ Group. At the meeting, the results of the cooperation between the companies last year were announced.
In 2015, MMK’s supplies to ChTPZ amounted to more than 560 thousand tons of steel. Chelyabinsk pipe rolling plant is one of the largest consumers of the steel plant. In turn, MMK is the major supplier of metal for ChTPZ.
FAS supports the government's plans to abolish extra charge for export of rolled metal products, introduced by the Russian RailwaysEdited by Rhod Mackenzie / 2016-02-18 11:35:50
The Russian Government will discuss the abolition of export raise by 13.4%, introduced by the Russian Railways for transportation of steel products. Vice-premier A.Dvorkovich stated at the sectorial meeting in Magnitogorsk. He has promised to “explore the issue more carefully”. The subject was on the agenda of the meeting. Russia annually exports 25-28 million tons of rolled steel and produces 60-65 million tons. The share of transportation costs in the prime cost of steel makers increased to 15% in 2015 from 10%, according to “Kommersant”.
The European Commission has adopted the mode of "non-cooperation" against Severstal and NLMK, the two main suppliers of cold-rolled steel in the EU, which allowed it to establish protective import duties at the level of 26%. The final amounts of the fees will be announced in August – if it is saved, the Russian steelmakers may lose about $300 million per year. At the same time, a new investigation in Brussels could threaten the companies - already on the hot-rolled metal.
Last Friday, the European Commission published the preliminary results of the anti-dumping investigation in respect of cold-rolled flat products from China and Russia and introduced temporary duties for Russian metallurgists. Every year, Russia exported to the EU up to 1 million tons of cold-rolled steel to the amount of about $300 million, the main suppliers are Severstal of Alexei Mordashov (250-300 thousand tons), NLMK of Vladimir Lisin (about 300 thousand tons) and MMK of Victor Rashnikov (150-200 thousand tons). During the first 11 months of 2015, the import of these products from Russia to the EU, according to the European steel lobby Eurofer, made up 850 thousand tons.
The previous record was set 5 years ago in 2010, when the mill produced 943.4 thousand tons of steel.
Unique plate mill 5000 was commissioned in 2009. The President of the Russian Federation Vladimir Putin participated in the ceremony of launching the unit.
Magnitogorsk metallurgical plant (MMK) has been awarded in the field of import substitution "Priority-2015" in the category "Metallurgy".
Organizers noted the significant contribution of MMK in creating competitive metal products and successful work to replace imports on the domestic market.
Over 200 thousand tons of pipes have been delivered to Yakutia for the construction of Power of Siberia. This is a half of the necessary volume.
Currently 216 thousand tons of pipes have been shipped, this is 49% of the total volume (plan – 439 thousand tons). This winter over 185 thousand pipes will be welded in the Olekminsky district.
The total volume of cargo which will be delivered in the navigation period for the construction of Power of Siberia is 800 thousand tons. The navigation will be over in late September-October.
The cargo shipment is held according to the schedule. The first shipment started in May.
In the first six months of 2015, the delivery of steel products from hot rolling mill 5000 of MMK increased by 34% as compared with the same period of the previous year. The increase amounted to 142 thousand tons.