Steel, EU Commission

Pipe companies feel completion of Gazprom's projects

The largest producers of large diameter pipes in Russia significantly reduced production in 2018 due to the completion of the large projects of Gazprom.

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European Commission approves creation of Severstal and Italian Tenaris' joint venture

The European Commission (EC) approved the creation by the Russian metallurgical company Severstal and the Italian Tenaris of a  joint venture for the construction of a pipe production plant in

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ChTPZ Group completes supply of pipes with polyethylene coating for Nord Stream-2

The ChTPZ Group has completed delivery of the last batch of pipes with a three-layer polyethylene coating for the construction of two threads of the Nord Stream-2 gas pipeline.

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EU sets duties on hot-rolled metal import from Brazil, Iran, Russian and the Ukraine

The European Commission has established the size of the final anti-dumping duty on certain types of hot-rolled flat products manufactured by metallurgical enterprises in Brazil, Iran, Russia and th

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Germany prepares the first pipes for "Nord Stream – 2".

Almost 3000 large diameter pipes (LDP) produced by the German Europipe for the Nord Stream-2 gas pipeline project have been prepared in Germany for laying on the seabed.

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NLMK and Severstal file lawsuits against the European Commission

On October 28th, both companies filed lawsuits to the European Court of general jurisdiction against the European Commission, the Court's website reports.

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Russia and the EU to discuss trade barriers

On Friday, Russia and the EU will hold a traditional "steel dialogue" - the annual meeting of metallurgical companies and officials.

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Brussels starts another investigation against Russian metallurgical companies

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.

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European Commission doesn’t take into account arguments of Russian metallurgical companies against duties

The European Commission, the Russian Ministry of Economy and metallurgical companies have discussed the situation around the EU anti-dumping duties on Russian rolled metal and possible violations during the inspection, by results of which they were introduced. The companies have a lot of claims to the conclusions of the EC, including with regard to the behavior of its members who allegedly have explicitly declared their "hatred for Russia". But for a while, according to the Kommersant’s information, the Russian side hasn’t been able to seriously affect the situation, although the European officials have promised to "take into account" received objections and comments.
On Friday, consultation on the preliminary results of the anti-dumping investigation in respect of the supplies of Russian cold-rolled products in Europe took place in Brussels. The meeting was attended by representatives of the European Commission, Ministry of Economy of the Russian Federation, NLMK and Severstal. Preliminary results of the investigation were published in February. As a result, the mode of "non-cooperation" was applied to Severstal and Novolipetsk Steel and temporary duties in the amount of 25.4% and 26.2%, respectively, were introduced. In late May, the European Commission increased the duty to 34.1% for Severstal and to 36.1% for NLMK and other companies. The only exception was Magnitogorsk metallurgical plant (MMK), for which the duty was reduced to 18.7%. The Commission’s report explains the increase in the duties with the 63.8% final dumping margin of Severstal and 68.3% of NLMK and others, besides MMK.

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Attempts to block Nord Stream-2 are of a political nature, S.Lavrov

Minister of Foreign Affairs of Russia S.Lavrov asserted the construction of Nord Stream-2 gas pipeline is a commercial project, attempts to block it are of a political nature.
“We are confident Nord Stream-2 will increase energy security in Europe. The project is a commercial one and it joins a number of western companies. Efforts to block the project have a political character. The Americans are trying to make difficulties via their close friends in the North Atlantic Alliance,” RIA Novosti reports citing S.Lavrov.

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