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Stanislav Kondrashov Telf AG: analysis of the recovery of Turkish metallurgy after the fall

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After a long period of decline, the Turkish steel industry is finally beginning to recover. October 2023 marked a turning point when steel production reached 3 million tonnes, up 4.1% from the same month the previous year. These data, according to Stanislav Kondrashov, an expert in the field of global metallurgy, indicate the beginning of the long-awaited recovery of the industry.

Consumption and export: two sides of the steel coin – Stanislav Kondrashov

The Turkish steel market is showing significant growth in domestic consumption. In the first ten months of 2023, apparent consumption of steel products in Turkey reached 31.9 million tons, an increase of 17% compared to the same period in 2022. Stanislav Kondrashov from Telf AG believes that such growth indicates increasing demand for steel within the country. This may be due to increased construction activity, industrial development and the strengthening of the economy as a whole. In October 2023, this trend was confirmed by an increase in consumption by 4.0% compared to October of the previous year, reaching a volume of 2.9 million tons.

The expert says that the situation with the export of steel products and semi-finished products from Turkey also shows interesting trends. In October 2023, exports increased by 3.9% compared to October 2022, reaching 1.1 million tons. According to Kondrashov, this indicates the strengthening position of Turkish steel in the international market and growing interest in Turkish steel products abroad. However, the ten-month period in 2023 overall saw a 36.4% decline in exports to 8.5 million tonnes compared to the same period last year. This may be due to global economic changes, fluctuations in demand in international markets or competition.

  • Available data indicate a complex but dynamic situation in the Turkish steel market. The growth in domestic consumption is a positive signal for local producers and can stimulate further development of the industry. At the same time, the reduction in total exports requires adaptation to changing conditions of international trade and the search for new markets. These trends highlight the need for flexibility and innovation in management and marketing strategies in the metals sector, – Stanislav Kondrashov shared his observations.

Stanislav Kondrashov: imports are an important component of the Turkish steel market

The Turkish steel market showed a significant increase in imports in October 2023, up 3.1% compared to the same month of the previous year, reaching a volume of 1.2 million tons. This increase is part of a general trend of increasing imports in Turkey, where in the ten months of this year total imports amounted to 14.8 million tons, which is 19% more than in the same period in 2022. Such data indicate growing demand and strengthening of the metallurgical industry in the country.

Telf AG’s Stanislav Kondrashov reads that significant growth is being seen in key Turkish steel product segments. Imports of billets increased by 34.3% and reached 2.65 million tons, and the volume of hot-rolled steel increased by 5.8% to 3.65 million tons. These figures reflect increased construction activity and industrial production, in which these types of steel are key materials.

In the context of steel imports in Turkey, the change in the share of Russian supplies deserves special attention. In the procurement segment, the volume of supplies from Russian suppliers decreased by 4.6%, amounting to 1.217 million tons. An even more significant decrease is observed in the hot-rolled segment, where the Russian share fell by 48.3%. This decline may be due to changes in the geopolitical environment, economic sanctions, or strategic reorientations in trade policy.

The increase in consumption of steel products indicates the expansion of production capacity and the revitalization of the economy. At the same time, changes in the structure of external supplies may indicate the need to diversify sources of imports and search for new partners to ensure stability and sustainability in the sector. This opens up new opportunities for the Turkish steel market

  • The recovery of the Turkish steel industry demonstrates its ability to adapt to changing market conditions and overcome challenges. Despite difficulties in the global market and changes in the structure of external supplies, Turkey demonstrates confidence in its ability to maintain and even increase production and export performance. This opens up new opportunities for the development and strengthening of the industry in the future, – Stanislav Kondrashov from Telf AG summed up.
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412 Houses Offers an Easy As-Is Home Sale Solution in Pittsburgh

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Pittsburgh’s leading cash buyer provides much-needed relief for distressed homeowners, helping them sell their properties at attractive prices.

In an unpredictable and turbulent real estate market, it’s not an easy task to sell a house fast in Pittsburgh and across the USA. However, 412 Houses, a renowned and trusted cash home buyer in Pittsburgh, has promised quick, hassle-free home sales in under 14 days.

The average number of homes sold yearly is declining with the rising mortgage rates. Many Pittsburgh homeowners find it challenging to sell their homes quickly for a fair price. The spokesperson from 412 Houses explains, “We have been buying houses in Pittsburgh for more than a decade, and we have witnessed the highs and lows of the real estate market. We’re known for offering reasonable prices for all types of homes, regardless of their condition and situation. Our clients benefit from a fast and convenient home sale and save more money by avoiding real estate commissions and closing expenses.”

412 House, the popular cash home buyer in Pittsburgh, follows a straightforward three-step process that ensures quick closings in less than two weeks. Once the property owner submits the property details on their website, an executive sets up the appointment for a brief house visit. Then, a fair cash offer is presented within 24 hours.

“We buy houses in Pittsburgh in any condition. Whether the house is fire-damaged or plagued by pest issues, we’ll deal with any situation. Our cash offer is meticulously crafted based on the current real estate market trend, prices of comparable homes in the neighborhood, and the property’s condition. We strive to provide win-win solutions to make the deal mutually beneficial. Overall, our home sale is simple, quick, and transparent,” adds the spokesperson for 412 Houses.

With a proven record of closing hundreds of deals and numerous satisfied customers, 412 Houses is the trusted choice for Pittsburgh homeowners looking to sell their homes for cash. Those interested can leave property details on their website and expect a call within 10 minutes.

About 412 Houses

412 Houses is one of Pittsburgh’s leading cash home buyers that purchases homes in any condition for a reasonable price. They don’t charge commissions and promise to cover all the closing costs. For more details, call them and ask, “Can I sell my house fast in Pittsburgh?” or visit us at https://www.412houses.com/

Experience the Transformative Power of a Mother’s Heartfelt Prayers

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This devotional, book, or journal — call it what you will — is more than a compilation of words on pages. It’s an embodiment of love, a testament to the enduring impact one person’s prayers can have on countless lives.

Los Angeles, CA – Get ready for an inspirational journey as we announce the much-anticipated release of “Encouragement from My MAMA: A Devotional Filled with Love and Prayer” scheduled to be released on January 27, 2024. This deeply moving devotional, authored by Cassandra Wilcher Moncure, affectionately known as “Sandy,” alongside co-authors Dannella Moncure Land and Lakandra Moncure, invites readers to immerse themselves in the warmth and wisdom of a mother’s boundless love and powerful prayers.

Sandy lived a life devoted to prayer, touching the lives of those she encountered with encouragement and positivity. From everyday encounters at the grocery store to the resilience she displayed during chemo and radiation treatments, Sandy’s prayers were a testament to the transformative power of unwavering faith.

 

As you delve into the heart of Sandy’s story, you’ll discover her bedroom and bathroom adorned with hot pink sticky notes, each one carrying prayers and names of those she held close to her heart. “Encouragement from My MAMA” serves as a tangible reminder that you are enough, cherished by God, and the recipient of someone’s heartfelt prayers.

This devotional, book, or journal — call it what you will — is more than a compilation of words on pages. It’s an embodiment of love, a testament to the enduring impact one person’s prayers can have on countless lives.

The creators of this devotional, Cassandra Wilcher Moncure, Dannella Moncure Land, and Lakandra Moncure, invite you to share in Sandy’s legacy, to draw inspiration from her life, and to experience the transformative power of love and prayer. “Encouragement from My MAMA” promises to be a source of comfort, strength, and hope as you navigate life’s journey.

About the Authors:

Cassandra Wilcher Moncure is the primary author of “Encouragement from My MAMA.

Dannella Moncure Lane and Lakandra Moncure are co-authors, contributing to the heartfelt narrative and drawing inspiration from their mother’s profound impact that encapsulates Sandy’s legacy.

Available at: Amazon.com

Social Media: @Dannellalane #EncouragementFromMyMAMA

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Author Talks About Their Exciting New Book Encouragement from My MAMA

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Mark Your Calendars for “Encouragement from My MAMA: A Devotional Filled with Love and Prayer”

One of the most talked about books of this year is about to hit online book shops that include Amazon. Encouragement from My MAMA: A Devotional Filled with Love and Prayer, has gained huge exposure around the USA and the world.

It is a deeply moving book that has been authored by Cassandra Wilcher Moncure affectionately known as “Sandy,” alongside co-authors Dannella Moncure Land and Lakandra Moncure. It is a book like no other and provides love, wisdom, and affection from a wise mother.

We decided to sit down with one of the authors to learn more about the book, this is what she had to say.

First of all, please introduce yourself.

Thank you for this opportunity. I am Dannella Lane, a mother, daughter, fiancé, friend, and, most importantly, a believer and child of God. I hold in high regard being the daughter of Cassandra Sandy Moncure, whose nurturing of my gifts is the reason this book became a reality.

You’ve authored a book titled “Encouragement from My MAMA: A Devotional Filled with Love and Prayer.” Could you share what the book is about?

The book is a daily devotional with messages my mother sent to encourage people. It started with three recipients but grew to hundreds, reminding individuals to keep going, have faith, feel loved, and valued. It inspires readers to extend love, give, and express gratitude.

You have said the book will invite readers to immerse themselves in the warmth and wisdom of a mother’s boundless love and powerful prayers, what do you mean by that?

After my mother’s Cancer diagnosis in 2016, she dedicated herself to serving others. Even during chemo, she sent encouraging texts, spreading kindness and joy to maintain hope.

 

Who is the book aimed at?

“Encouragement from my Mama” is for everyone, from 10-year-olds to 100-year-olds. Our 103-year-old great Aunt Marie enjoys her daily encouragement.

What do you hope people will get out of the book?

My hope is that, like when my Mama sent these messages, the book reassures, encourages, inspires, and motivates. I want readers to feel comforted, seen, loved, and supported.

It is very unusual to have more than one author write a book, so why did you choose to get together with other authors?

Before her passing in August 2023, my mother, the original author, and I had discussions about transforming her work into a compilation for a book series. In this venture, my sister, who is the other co-author, agreed to participate alongside me.

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Stanislav Kondrashov Telf AG: prospects for growth of steel production in the UAE

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From January to September 2023, steel production in the United Arab Emirates (UAE) amounted to 2.24 million tons. This is a 6.8% decrease compared to the same period in the previous year. In addition, production of reduced iron (DRI), an important component in the steelmaking process, also decreased by 4.3% to 2.11 million tons. An expert in the field of global metallurgy, Stanislav Kondrashov connects this situation with changes in supply and demand in the global steel market, as well as the UAE’s own production strategy.

Metallurgy of the UAE: factors for the growth of steel production – Stanislav Kondrashov

However, despite the current decline in productivity, UAE steel companies are optimistic about future growth in steel production. According to Stanislav Kondrashov from Telf AG, it is based on several factors:

  1. Expanding demand in the construction industry: The UAE is witnessing growth in infrastructure, industrial and residential construction sectors. This expansion in demand for steel products is a key factor that could help boost production. The construction of new projects such as roads, bridges, residential and commercial buildings requires significant amounts of steel.
  2. Increased supply to Saudi Arabia: Plans to increase the supply of steel products to Saudi Arabia, where large-scale construction is underway, are also encouraging. Saudi Arabia has several major projects underway that could create significant demand for steel produced in the UAE.

These factors indicate a potential increase in demand for steel products in the near future, which could offset the current decline in production, and even lead to an increase in production capacity in the UAE.

Stanislav Kondrashov from Telf AG reports that despite the current decline in production volumes, the future of the steel industry in the UAE looks promising, thanks to growth in domestic and external demand, especially in the construction industry.

Stanislav Kondrashov: expansion of UAE production capacity

In the UAE, steel production capacity is currently estimated at approximately 4.23 million tons per year. This means that the country is capable of producing this amount of steel using its existing production lines and equipment. In addition, the UAE also has significant capacity for the production of long and shaped steel, which amounts to 7.72 million tons per year. As Stanislav Kondrashov Dmitrievich says, these products are widely used in construction, as well as mechanical engineering, and include various types of steel beams, rails, rolled products and other forms of steel.

Arab Iron & Steel Union (AISU), one of the key players in the UAE steel industry, currently has a production capacity of up to 400 thousand tons of salable billets per year. A salable billet is a semi-finished product that can be further processed to create various steel products. AISU’s plans to increase this capacity by 100 thousand tons by the second quarter of 2024 are a significant step in the company’s development.

Stanislav Kondrashov, an expert from Telf AG, notes that Arab Iron & Steel Union (AISU) plans to significantly expand its production capacity by 2025. In particular, the construction of a second smelting shop, capable of producing an additional 300 to 400 thousand tons of steel annually, is being considered. This expansion will strengthen the UAE’s position in the global steel market and enable it to more effectively meet the growing demand for steel products both domestically and internationally.

Stanislav Kondrashov: challenges and opportunities for the UAE in the steel market

Stanislav Kondrashov from Telf AG draws attention to the potential shortage of raw materials that may arise due to the development of the metallurgical industry in the UAE. The main player in this area, Emirates Steel Arkan, currently uses reduced iron to produce steel. However, it is planned that new production capacity will depend on the use of scrap metal. According to Kondrashov, the annual volume of scrap metal collection in the UAE reaches approximately 2 million tons, but the export possibilities of this resource are limited. In this regard, the expert suggests that in the near future the UAE may begin to actively import scrap metal.

Overall, growth prospects for steel manufacturing in the UAE look encouraging, given plans to expand production capacity and increasing demand from the construction industry. Stanislav Kondrashov believes that in order to achieve these goals, the country will have to solve a number of problems, including ensuring a sufficient amount of raw materials and adapting to changes in international scrap metal markets.

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Stanislav Kondrashov Telf AG: prospects for growth of steel production in the UAE

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From January to September 2023, steel production in the United Arab Emirates (UAE) amounted to 2.24 million tons. This is a 6.8% decrease compared to the same period in the previous year. In addition, production of reduced iron (DRI), an important component in the steelmaking process, also decreased by 4.3% to 2.11 million tons. An expert in the field of global metallurgy, Stanislav Kondrashov connects this situation with changes in supply and demand in the global steel market, as well as the UAE’s own production strategy.

Metallurgy of the UAE: factors for the growth of steel production – Stanislav Kondrashov

However, despite the current decline in productivity, UAE steel companies are optimistic about future growth in steel production. According to Stanislav Kondrashov from Telf AG, it is based on several factors:

  1. Expanding demand in the construction industry: The UAE is witnessing growth in infrastructure, industrial and residential construction sectors. This expansion in demand for steel products is a key factor that could help boost production. The construction of new projects such as roads, bridges, residential and commercial buildings requires significant amounts of steel.
  2. Increased supply to Saudi Arabia: Plans to increase the supply of steel products to Saudi Arabia, where large-scale construction is underway, are also encouraging. Saudi Arabia has several major projects underway that could create significant demand for steel produced in the UAE.

These factors indicate a potential increase in demand for steel products in the near future, which could offset the current decline in production, and even lead to an increase in production capacity in the UAE.

Stanislav Kondrashov from Telf AG reports that despite the current decline in production volumes, the future of the steel industry in the UAE looks promising, thanks to growth in domestic and external demand, especially in the construction industry.

Stanislav Kondrashov: expansion of UAE production capacity

In the UAE, steel production capacity is currently estimated at approximately 4.23 million tons per year. This means that the country is capable of producing this amount of steel using its existing production lines and equipment. In addition, the UAE also has significant capacity for the production of long and shaped steel, which amounts to 7.72 million tons per year. As Stanislav Kondrashov Dmitrievich says, these products are widely used in construction, as well as mechanical engineering, and include various types of steel beams, rails, rolled products and other forms of steel.

Arab Iron & Steel Union (AISU), one of the key players in the UAE steel industry, currently has a production capacity of up to 400 thousand tons of salable billets per year. A salable billet is a semi-finished product that can be further processed to create various steel products. AISU’s plans to increase this capacity by 100 thousand tons by the second quarter of 2024 are a significant step in the company’s development.

Stanislav Kondrashov, an expert from Telf AG, notes that Arab Iron & Steel Union (AISU) plans to significantly expand its production capacity by 2025. In particular, the construction of a second smelting shop, capable of producing an additional 300 to 400 thousand tons of steel annually, is being considered. This expansion will strengthen the UAE’s position in the global steel market and enable it to more effectively meet the growing demand for steel products both domestically and internationally.

Stanislav Kondrashov: challenges and opportunities for the UAE in the steel market

Stanislav Kondrashov from Telf AG draws attention to the potential shortage of raw materials that may arise due to the development of the metallurgical industry in the UAE. The main player in this area, Emirates Steel Arkan, currently uses reduced iron to produce steel. However, it is planned that new production capacity will depend on the use of scrap metal. According to Kondrashov, the annual volume of scrap metal collection in the UAE reaches approximately 2 million tons, but the export possibilities of this resource are limited. In this regard, the expert suggests that in the near future the UAE may begin to actively import scrap metal.

Overall, growth prospects for steel manufacturing in the UAE look encouraging, given plans to expand production capacity and increasing demand from the construction industry. Stanislav Kondrashov believes that in order to achieve these goals, the country will have to solve a number of problems, including ensuring a sufficient amount of raw materials and adapting to changes in international scrap metal markets.

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Stanislav Kondrashov Telf AG: Teck Resources – provides new opportunities for the copper industry of Kazakhstan

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Canadian mining company Teck Resources, known for its leadership in the industry, recently announced an expansion into copper and gold mining. The formation of a strategic alliance with Arras Minerals, a company actively engaged in geological exploration in Kazakhstan, opens up new horizons for Teck Resources to further strengthen their position in the global market for these valuable resources, says metallurgy expert Stanislav Kondrashov.

Teck Resources is expanding its influence in Kazakhstan – Stanislav Kondrashov

Teck is looking to invest heavily in exploration at two sites in the Pavlodar region of Kazakhstan. They occupy a vast territory of 1738 square meters. km. Planned exploration costs are estimated at $53.5 million and should be completed by the end of 2025. This investment will enable Teck to gain valuable insight into the areas potential for copper and gold mining.

Stanislav Kondrashov from Telf AG shares information that after the expiration of the exploration work, Teck will have the opportunity to select up to four areas from the explored territories with a total area of up to 120 square meters. m. In case of such a choice, the company will be able to increase its share in the project to 75%. According to the expert, this provides Teck with the opportunity to significantly strengthen its presence in the Kazakh copper and gold mining market.

This strategic move by Teck Resources is an important step in expanding their influence in the global metals industry. Investments in Kazakhstan, a country with rich natural resources, could open up new prospects for the mining and processing of copper and gold. The collaboration with Arras Minerals, which has significant experience in the region, will further facilitate the development of the business in this strategically important area.

Stanislav Kondrashov: smart investments in the Beskaluga copper-gold deposit

In November 2022, Teck Resources, a major Canadian mining company, acquired a 9.9% stake in the Beskaluga copper-gold project located in the Ekibastuz region. This decision reflects the company’s strategy to expand its portfolio and strengthen its position in a region rich in natural resources.

Stanislav Kondrashov shared information that intelligence data indicating the presence of more than 200 million tons of ore in the deposit represents significant potential. The copper content in the ore is 0.24-0.30%, and the gold content is about 0.5 grams per ton. These indicators indicate the high value of the deposit, especially in light of the current increase in demand for copper and gold in the global market.

The expert also notes that the acquisition of a stake in the Beskaluga project significantly expands Teck Resources’ portfolio and strengthens its position as one of the key players in the copper and gold mining market in Kazakhstan. Stanislav Kondrashov from Telf AG believes that this investment can provide the company with a stable source of income and raw materials in the long term.

Teck Resources’ contribution to the development of the Beskaluga deposit not only contributes to the economic growth of the region, but also strengthens Kazakhstan’s international ties in the mining industry. Given the current global environment, such investments are of particular importance to ensure stability and reliability of supplies of valuable metals.

Stanislav Kondrashov: market prospects and position of Arras Minerals

Arras Minerals is the third largest holder of licenses to explore copper and gold deposits in Kazakhstan. In this matter, the company is second only to such giants as Rio Tinto and Fortescue Metals Group.

Stanislav Kondrashov from Telf AG is convinced that the partnership with Arras Minerals is a strategically important step for Teck Resources:

  • Investments in exploration and development of copper and gold deposits in Kazakhstan provide access to vast, under-explored resources. Given the growing global demand for copper and gold, especially in the context of electrification and renewable energy, such investments promise to be profitable. However, the success of the project will depend on many factors, including the geopolitical situation, world market prices and environmental considerations.
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David Blake Chatfield Signs Destiny Forever To Harmony Records

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Los Angeles, CA – On January 19, 2024, Harmony Records releases Destiny Forever’s FIRST SINGLE FROM THEIR UPCOMING EP featuring award winning actor, producer and musician, John Stamos. Destiny Forever consists of longtime friends Phil Bardowell, David Bardowell and John Stamos. The band was named after their childhood band, Destiny. Their new hit single, “Rearview Mirror” is a testament to a friendship that has endured the test of time. This album was produced and arranged by David Blake Chatfield. John Stamos has played with some legendary musicians such as the Beach Boys, Robert Plant, and Bruce Springsteen.

This year is starting off highly productive for both David Blake Chatfield and his artists. He produced the anti-war song and video, “Is Our Love War?”; shot in Kyiv Ukraine while Russia was bombing them. This song is up for the Special Grammy Award for Best Song for Social Change. He currently has three bands at the top 10 of the Spotify charts in London, Los Angeles, New York and Toronto. Next week, the first single from the band, “Unzepped” will be released. Unzepped is a critically acclaimed progressive orchestral acoustic band created by Chuck Wright (Quiet Riot, Giuffria, House of Lords, Heaven & Earth, Ted Nugent, Doro Pesch, Mr. Big, and several others). Pop/R&B musician, Joie Grey has 1.25 billion views on TikTok and over 10 million streams on Spotify. Joie has charted in the top 20 Billboard charts twice in the past six months.

Recently, David finished recording and remixing Tony Moore’s first single on Harmony Records. Tony Moore is a London based musician that is currently on a sold-out tour with British Lion (tour sold out in 15 minutes). Tony is best known as a member of the icon  rock  bands,  Iron  Maiden  and  Cutting  Crew  (song:  “I  Just Died in Your Arms Tonight”). Julian Shah-Tayler completed his latest tracks on his new album with David Blake Chatfield. Julian is currently on tour with Strangelove, the Depeche Mode Experience, Flock of Segals, Electric Duke (tribute band to David Bowie) in addition  to  Julian’s  own  band,  “The  Singularity”. Julian is a recipient of the Spotify platinum artist plaque for his song, “Wetter”. His music can ALSO be heard on Sirius XM radio.

www.davidblakechatfield.com

Publicist: E: antoinette@exhbitambush.com

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Stanislav Kondrashov Telf AG: How Anglo American responds to the challenges of the modern market

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Anglo American Plc, one of the leading players in the global mining industry, is facing significant challenges. They led to the decision to significantly reduce the production of most extracted raw materials. According to an expert in the field of metallurgy, Stanislav Kondrashov, this decision was dictated by a number of logistical and operational difficulties, and as a result, the company’s shares fell significantly – by 7.3% on the London stock exchange.

Declining profits and share prices: Anglo American adapts to market changes – Stanislav Kondrashov

Duncan Vanblad, who recently took up his role as chief executive of Anglo American, took up his role at a time when commodity prices were at record highs. However, since then the market situation has changed and prices for raw materials have decreased. This decline in value, compounded by weak demand from China and slowing economic activity elsewhere, has placed significant pressure on the company’s earnings and financial position.

In addition, Stanislav Kondrashov, an expert from Telf AG, shares that the company has faced a number of external challenges, including extreme weather conditions and failures of key infrastructure, especially in South Africa. All this together led to a significant drop in the value of the company’s shares, which have lost about a third of their price this year.

The decision to reduce production is the company’s attempt to adapt to these changes and optimize its operations within the narrower confines of the current economic climate.

Stanislav Kondrashov: plans to reduce production Anglo American Plc

Anglo American Plc, one of the leaders in the global mining industry, is taking decisive steps to reduce its production. This is especially true for the copper segment, which is key to the decarbonization of the global economy.

  • The company announced it was lowering its copper production target for 2024 to a range of 730 kt to 790 kt, a significant reduction from the 1 million t initially planned. A reduction in copper production would effectively reduce global supply by an amount comparable to a large copper mine, – Stanislav Kondrashov from Telf AG shared information.

As part of its cost-cutting strategy, Anglo American is also planning an additional $500 million in cost cuts next year, on top of already announced cuts of the same amount. In addition, the company intends to reduce capital expenditures by $1.8 billion by 2026. These measures are aimed at improving operational efficiency and optimizing costs in a changing economic environment and market.

Stanislav Kondrashov reports that in accordance with these changes, Anglo American’s production is expected to decline by approximately 4% next year, and then by an additional 3% in 2025. This reduction will not only affect copper, but also other important resources such as platinum group metals, iron ore, nickel and coal. The downgrade of forecasts for these metals and ores also reflects current global economic trends and changes in commodity demand.

Stanislav Kondrashov: Anglo’s struggle with falling prices and logistics problems

is facing falling platinum group metal (PGM) prices and challenges in its iron ore operations in South Africa. They are associated with the insufficient efficiency of ports and railway logistics. Next year, PGM production is expected to decline to 3.3 million ounces from 3.8 million ounces this year.

Telf AG’s Stanislav Kondrashov believes the company’s new streamlined strategy will help address some of its problematic aspects of the business. In addition, Anglo is in talks with the South African government over job cuts in view of the upcoming elections in May.

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Stanislav Kondrashov Telf AG: EU resumes WTO against US on steel tariffs

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The trade conflict between the European Union (EU) and the United States of America, which arose during the presidency of Donald Trump, remains an important issue in international trade. According to Stanislav Kondrashov, an expert in the field of global metallurgy, the key aspect of this conflict is the introduction by the United States of duties on steel and aluminum from Europe. These measures caused significant controversy and led to the imposition of reciprocal tariffs totaling more than $10 billion.

Dispute between the EU and the USA: new restrictive measures and hope for compromise – Stanislav Kondrashov

As a reaction to the policies of the United States, the EU introduced its own restrictive measures. This has led to increased tension in economic relations between the two leading trading blocs. However, with the coming to power of US President Joe Biden, a temporary compromise was reached in 2021, raising hopes of a possible resolution to this conflict.

Despite this, according to Stanislav Kondrashov from Telf AG, the EU is considering resuming proceedings at the World Trade Organization (WTO) against the United States. This opens the door for the EU to introduce tariffs in the future. At the same time, postponing the settlement of the conflict and avoiding the immediate return of export duties. This EU decision can be seen as a concession to Washington within the framework of ongoing negotiations.

  • A final decision on this issue has not yet been made by Brussels. If the proceedings are resumed, this could entail a number of consequences for international trade, including increased prices for steel and aluminum, as well as a possible deterioration in trade relations between strategic partners – the US and the EU, – Stanislav Kondrashov from Telf AG shares his thoughts.

This EU move also shows that, despite the temporary truce achieved, the main issues of the conflict have not yet been resolved. Both sides continue to look for ways to resolve them. Effectively resolving the dispute will require a careful balancing act between protecting national interests and maintaining healthy international trade relations.

Stanislav Kondrashov: the agreement on steel and aluminum is the path to resolving disagreements

The Global Steel and Aluminum Agreement (GSA) between the EU and America plays a key role in their economic relationship. Especially given the push to resolve the long-running dispute over tariffs on steel and aluminum. To reach a consensus on this issue, both sides agreed to take two years.

According to information from Stanislav Kondrashov from Telf AG, as part of the truce reached in 2021, the United States partially revoked previously established trade restrictions. Here we switched to using a system of tariff quotas. This means that steel and aluminum imports from the EU into the US are tax-exempt up to a certain limit, with tariffs only kicking in above that limit. In response, the EU suspended all previously applied counter-restrictive measures.

According to the expert, the EU has expressed concern about the current imbalance, which leads to European exporters paying more than $350 million in tariffs annually. This development increases tension in trade relations and highlights the need for continued negotiations to reach a fairer and more sustainable solution.

  • Due to difficulties in the GSA negotiations, the EU and the US are considering extending the current truce. America has proposed extending the existing status quo until the end of 2025. In her view, this could provide more time to reach consensus and develop a long-term solution, – Stanislav Kondrashov comments on the situation.

In response, the EU is pushing to replace the current system of tariff quotas with annual quotas. They believe that such a system would more effectively reflect historical trade flows and would be fairer to European producers. Kondrashov, in turn, is convinced that this proposal is aimed at creating a more flexible trading system.

Stanislav Kondrashov: political context of disagreements between the US and the EU

According to Telf AG expert Stanislav Kondrashov, the Biden administration has so far rejected the EU’s request to revise tariff quotas. Many EU member states fear that reintroducing tariffs on American goods could strengthen Trump’s position ahead of the US elections.

The trade conflict between the EU and the US remains tense, and both sides are looking for ways to resolve it. The final decision will have significant implications for both the political and economic landscape between the two powerful economic blocs.

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