Severstal, Oil and Gas
On results of the auction, Izhora pipe plant (division of Severstal Russian Steel) will supply about 100 thousand tons of large diameter pipes to Gazprom for the project of Power of Siberia.
Gazprom Equipment has purchased 144 thousand tons of large diameter pipes for repairs to the amount of 14 billion rubles.
The Izhora pipe plant (a part of Severstal) has won a tender to supply large-diameter pipes to Rosneft.
On October 28th, both companies filed lawsuits to the European Court of general jurisdiction against the European Commission, the Court's website reports.
A.Miller has held a number of meetings with heads of pipe companies - the construction of large projects is near at hand, and it seems that the head of Gazprom has decided to pre-test the waters &n
The dispute of Gazprom and the FAS for terms of the monopoly’s auction for the purchase of large-diameter pipes (LDP) for 12 billion rubles has moved into the judicial plane.
Severstal started the purchase of natural gas for the production capacities in Kolpino and Cherepovets in the St.Petersburg International Commodity Exchange. The supply has already started.
FAS has found the signs of violation of the antimonopoly legislation in the market of fittings.
Five Russian companies have appeared in the rating of hundred companies with the most transparent reports among developing countries, made by the international organization Transparency International. The list of the hundred most transparent companies on the developing markets includes Evraz (the 34th place), Lukoil (the 58th place), Norilsk Nickel (the 67th place), Severstal (the 74th place) and UC Rusal (the 92th place).
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.