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Russia’s Metalloinvest begins building $850 mln iron product plant

Russian iron ore producer Metalloinvest has begun construction of one of the world’s largest hot briquetted iron (HBI) plants, an estimated $850 million investment to strengthen its position in the European market for intermediate steelmaking ingredients.   HBI is a compacted form ...

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Iron prices to hike, says Russia’s largest producer

The Chief Executive Officer of the company, Andrey Varichev stated that, the company anticipates the price of the iron ore to increase, as the Chinese seasonal demand for iron ore is increasing. He also stated that by the end of this year, ...

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U.S. confirms duties on specialized steel from China, Russia, S. Korea

The U.S. Department of Commerce on Thursday confirmed duties on imports of specialized steel from China, South Korea and Russia.   Imports of grain-oriented electrical steel from China, including from Baoshan Iron & Steel Co Ltd <600019.SS>, face the highest ...

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Palladium Breaches $900 per Ounce, Later Takes Steep Fall

For those who paid attention to predictions made by analysts at the beginning of 2014, palladium’s impressive performance this year should come as no surprise. From a January starting point of about $700 per ounce, the precious metal has consistently ...

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Russia’s stainless steel products export fell 66% in Jan-Jul 2014: Spetsstal

The latest data released by the Russian Special Steel and Alloys Consumers and Suppliers Association (Spetsstal), the country’s stainless steel exports tumbled during the initial seven-month period of the year. As per released data, the Russian exports of stainless steel ...

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Russian steel giants shift focus to domestic markets

Russian steel giants shift focus to domestic markets

Severstal, the second-largest (by volume) steel producer among Russian companies (after Novolipetsk Steel, or NLMK), announced its intention to sell its U.S. steel mills back in May. The company owns two such enterprises, which brought in 30 percent of its ...

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U.S. steel industry may challenge Russian trade deal – sources

The U.S. steel industry is considering challenging a trade deal with Russia that governs imports of hot-rolled steel, potentially reviving a decades-old dispute amid mounting tensions over Russia’s actions in Ukraine, two sources said. A so-called suspension agreement struck after the Cold ...

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Q3 suspension agreement reference prices set for Russian HRC imports to US

The US Department of Commerce (DOC) calculated Friday the third quarter 2014 reference prices for hot-rolled steel flat products pursuant to the suspension agreement with Russia.     In addition, the DOC has confirmed that the 2014 export limit for hot-rolled ...

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Russia issues January-April production result

According to the State Statistics Committee of Russia (Russtat), in the first four months of the current year Russia registered a stable level of rolled steel product output at 19.7 million mt, a 0.4 percent decrease in its crude steel ...

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