MMK sued by Bakalskoye Rudoupravleniye iron ore JV partner Atop International - Report

Thursday, 18 Aug 2011

Interfax, citing court documents, reported that OAO Magnitogorsk Iron & Steel was sued by its partner in an iron ore venture after assuming ownership of a license to the venture’s largest ore deposit.

Atop International Group, which holds 49% of the OAO Bakalskoye Rudoupravleniye venture, filed a suit at Chelyabinsk in Russia, after the license to the Techenskoye ore field was transferred to Magnitogorsk.

Magnitogorsk got the license in May following regulatory approval.

Mr Kirill Golubkov, a spokesman for Magnitogorsk, said today by phone when Bloomberg News called, without elaborating that “We see no legitimate grounds for this suit.”

By bloomberg

Russia begins AD probe into Chinese cold rolled steel

Tuesday, 15 Feb 2011

Bloomberg reported that Russia began an anti-dumping probe into cold-rolled steel with polymer coating imported from China.

As per report, Russia began the investigation after complaints from OAO Severstal, OAO Novolipetsk Steel and OAO Magnitogorsk Iron and Steel last year.

(sourced:Bloomberg)

Tags:Russia,AD probe,Chinese cold rolled steel, polymer coating, anti-dumping probe, import,OAO Severstal, OAO Novolipetsk Steel,OAO Magnitogorsk Iron and Steel