Arcelor Mittal « Terug naar discussie overzicht

Nieuws en info hier plaatsen (deel 4)

voda
0
Tohoku Steel India Plant Goes on Stream in Sri City

Japanese specialty steel firm’s wholly owned arm Tohoku Steel India inaugurated its newly commissioned heat resistant steel rods manufacturing facility in Sri City on Friday. Mr Hiroki Yamada MD said that “We have been supporting the Indian market during the past four decades by exporting the products from Japan. In order to increase competitiveness in the expanding Indian market, we have set up this plant, and we will expand activities to improve productivity, upgrade facilities, and acquire new orders."

The plant is built on a 6 acre plot in the Domestic Tariff Zone at an initial investment of around INR80 crore. The plant carries out secondary processing on heat resistant steel rods and soft magnetic stainless steel rods in required sizes, as per the specifications. The present production capacity of the plant is 360 tonnes per annum which can be scalable up to 2,000 tonnes in a phased manner. These rods are used as raw material for fabricating automobile engine valves and fuel injection systems. It's customers include Nittan India, Rane engine valves, Durovalves, Shiriram Pistons & Rings, among others.

Source : Business Line
voda
0
US Steel Kosice to Lay Off 2,500 Workers in Slovakia

The United States Steel Corporation said that it would cut around a fifth of its workforce in Slovakia over by the next two years due to competition from cheap steel imports from outside the European Union. The company also faulted EU environmental regulations that have driven up the cost of power used to run the massive plant. The layoff will affect some 2,500 of the nearly 12,000 workers at the Kosice plant located in Slovakia's poorer east struggling with high unemployment. Company president James Bruno said that “By the end of 2021 we will reduce the number of employees working at US Steel Kosice and its subsidiaries by 2,500 employees. We must act to protect our business and remain competitive.”

A month ago, management decided to idle one of the plant's blast furnaces and reduce the working week to four days to save on costs.

US Steel pointed to higher electrical costs and CO2 credit costs that have risen five times in the past year as significant factors in its decision to shed employees.

Source : France24.com
voda
0
Italy Metra Group Extrusion Press Revamped By Danieli Breda

The largest extrusion press installed for Metra at Rodengo Saiano, Italy, will be revamped by Danieli Breda. Supplied by DB as a 55-MN short-stroke press, the line will be updated to operate with greater force at 75 MN, processing billets up to 2,100 mm long.This latest order follows the previous, successful revamp to increase extrusion force from 31 to 40 MN.

In addition, the line will be converted from the current back-loading design to a front-loading operation.

An extremely aggressive project follow-up and smart engineering solution to overcome the tight time schedule are the keys of the new order.

All the presses installed in Rodengo Saiano have been supplied or revamped by DB, and the long-standing partnership with the Metra Group, beginning in the 1980s, is the result of mutual confidence, engineering flexibility and strong commitment from both sides.

Source : Strategic Research Institute
voda
0
ArcelorMittal verhoogt prijzen in VS

Gepubliceerd op 22 jul 2019 om 22:04 | Views: 2.256

ArcelorMittal 22 jul
15,21 +0,51 (+3,48%)

AMSTERDAM (AFN/BLOOMBERG) - ArcelorMittal verhoogt zijn prijzen van plat staal in de Verenigde Staten. Het gaat om de derde prijsverhoging door ArcelorMittal USA sinds eind juni.

Agentschap Platts verwacht dat andere staalmakers ook hun prijzen zullen verhogen. Mogelijk wachten ze daarmee nog tot eind augustus.
voda
0
Supreme Court Orders Status Quo in Essar Steel Insolvency Case

PTI reported that India’s Supreme Court has ordered status quo in the Essar insolvency case. A bench headed by Justice R F Nariman said the monitoring committee will continue its work till the case is heard on August 7. The bench was hearing a plea of the Committee of Creditors challenging NCLAT’s order of July 4 in which it had approved ArcelorMittal’s INR 42,000 crore bids for the acquisition of Essar Steel but gave operational creditors equal status as lenders in the distribution of the ArcelorMittal’s bid amount among the creditors of Essar Steel.

Essar Steel was auctioned under the new Insolvency and Bankruptcy Code to recover INR 54,547 crore of unpaid dues of financial lenders and operational creditors.

Source : PTI
voda
0
Jingye Pulls Out of Running to Buy British Steel

Financial Times, citing two people briefed on the matter, reported that Hebei province based Chinese Jingye Group has pulled out of the running to buy British Steel. A source said “Jingye, whose identity as a bidder was not publicly known until now, had reconfirmed its interest in British Steel as recently as last week. But it is no longer considering the acquisition, having changed its mind in the past few days”

Based in China’s industrial heartland of Hebei province, Jingye also owns hotels and a medicines business alongside its main steelmaking operations.

Source : Financial Times
voda
0
China Steel Prices Fall in June - CISA

Xinhua reported that China's steel prices continued to decline in June with more fluctuations. Steel price index issued by the China Iron and Steel Association stood at 109.45 points by the end of June, down 1.49% from the previous month and marking a 5.48% slip compared with the same period last year. Seven of the eight categories of steel products monitored by the association saw prices decline, with the only exception being iron whose price gained 0.5%.

CISA data showed that the price drop, withstanding a cost hike caused by more expensive raw materials like iron ore, was the result of stable demand balanced out by supply upticks. The price drop came as market demand for steel was on the rise amid expansion in infrastructure, property and manufacturing investment and other steel-using industries.

The price decline echoed the downhill trend of global steel prices seen in North America, Europe and Asia, according to the CISA.

The association expected more fluctuations with little sign of swift recovery for China's steel prices, considering the possibility that the mounting steel stockpile may continue to cancel out the effects of steady economic growth and increasingly rigorous environmental protection regulations.

Source : Xinhua
voda
0
Masteel Selects Fives for Major Revamping Project

Ma'anshan Iron & Steel Co Ltd has awarded Fives a turnkey contract to revamp a continuous galvanizing line to produce new quality coated products. The existing CGL No 1 at the Ma'anshan-I site in the Anhui province of China is capable of producing 350,000 tonnes per year of zinc coated products. Once revamped, the line will be able to deliver the corrosion-resistant ZnAlMg coated steel sheets required in the home appliances and construction industries. Fives will be responsible for coordinating and project managing the revamping project. The scope also includes the design and supply of a Stein horizontal furnace, as well as modifications of the after-pot cooling tower and a post treatment section which will be equipped with a new hot air dryer and air coolers.

The project faces a double challenge: integration of the new furnace with a heat recovery system into the existing line and design of the specific equipment to meet new coating requirements. Fives possesses the technical expertise and operation practice to overcome these challenges, which is why it was selected for this project.

Fives will use a modular concept furnace to minimize the production stoppage and will provide a dedicated team for a start-up and a production ramp-up to reach quickly high-quality grades of new coated products. The project will be also supervised by Fives' subsidiary in Shanghai, China, which will be responsible for manufacturing of the furnace local portion and supply of its electrical and automation parts. The first coil is scheduled to be produced by the end of 2020.

Source : Strategic Research Institute
voda
0
Steel Dynamics Selects Sinton Texas for New Flat Roll Steel Mill Site

Steel Dynamics Inc announced the selection of Sinton, Texas, as the site for the company's previously announced new state-of-the-art, electric-arc-furnace flat roll steel mill. Sinton is located approximately 30 miles Northwest of the port of Corpus Christi, Texas. Sinton is strategically located within the targeted Southwest U.S. and Mexico market regions, bringing numerous competitive customer and raw material advantages to the project. Final determination is still subject to the anticipated receipt of necessary permits and continued state and local government support, which the company expects to be forthcoming.

The Sinton location brings numerous advantages, including:

Proximity to the three targeted customer regions of the four-state Texas area, the Western U.S. and Mexico representing approximately 27 million tons of relevant flat roll steel consumption,

Customer-centric logistic benefits, providing shorter lead times and meaningful customer working capital savings,

Central to the largest domestic consumption of flat roll Galvalume® and construction painted products, with the anticipated ability to effectively compete with excessive regional imports,

Sufficient acreage to allow customers to locate on-site, providing logistic savings and steel mill volume base-loading opportunities,

Proximity to prime ferrous scrap generation via the four-state Texas region and Mexico, and cost-effective access to pig iron through the deep-water port of Corpus Christi, as well as other alternative iron units,

Excellent logistics provided by on-site access to two class I railroads, transloading opportunities with a third class I railroad, proximity to a major U.S. highway system, and access to the deep-water port of Corpus Christi

Existing, mature and dependable power, natural gas, and water sources.
Source : Strategic Research Institute
voda
0
PT Krakatau Steel to List Three Subsidiaries

The Jakarta Post reported that state owned Indonesian steel producer PT Krakatau Steel plans to publicly list three of its subsidiaries, as part of a major corporate reorganization. Krakatau Steel president Silmy Karim identified the three subsidiaries as PT Krakatau Tirta Industri, PT Krakatau Bandar Samudera and PT Industrial Estate. He told “We’re still thoroughly considering whether we should optimize our corporate synergy before holding an initial public offering IPO or the other way around.”

He said that the three subsidiaries would go public in three years at the latest.

In addition to publicly listing three of its subsidiaries, Krakatau Steel also plans to divest several other subsidiaries, and is focused on raising USD 1 billion from the sales of non-core assets. Silmy said the company needed a strategic partner to help optimize its production line and corporate expansion, as well as increase efficiency. He said “We have invited McKinsey & Company to assess the ideal business structure for Krakatau Steel.”

Krakatau Steel has spent most of the year focusing on major reorganization in an effort to plug the losses it has suffered over the last six years.

Source : The Jakarta Post
voda
0
China's Futures Market Posts Robust Growth In H1

Xinhua reported that China's futures market reported robust growth in the first half of this year. Data from the China Futures Association showed that the total transaction of the futures markets across the country reached CNY 128.6 trillion (about 18.69 trillion US dollars) during the Jan to June period, up 33.79% YoY.

Futures deals expanded in June with last month's transaction rising 30.2% YoY to stand at 24.2 trillion yuan.

Steel rebar posted the highest trading volume at the Shanghai Futures Exchange last month, while the Zhengzhou and Dalian commodity exchanges were topped by pure terephthalic acid and iron ore, respectively.

China saw its first dry fruit futures product traded in H1 as the Zhengzhou Commodity Exchange started trading red dates contracts in late April.

The country's options market also launched several new varieties including natural rubber, cotton and corn options in H1.

Source : Xinhua
voda
0
OEMK Celebrates 45th Anniversary

Metalloinvest’s OEMK is celebrating a double jubilee - Steelworker’s Day and 45th anniversary of the enterprise. The enterprise’s employees, who make up more than 9,000 people, marked this important date with superb operational performance. Over the last 45 years, the enterprise has produced 108mn tonnes of oxidised pellets, 71mn tonnes of metallised pellets, 80 million tonne tonnes of steel, 55 million tonnes of rolled steel at Rolling Mill 700 and 11 million tonnes of rolled steel at Rolling Mill 350. Mr Andrey Varichev CEO of Management Company Metalloinvest, said that “OEMK is a highly technological steel enterprise and is one of the leading steel producers in Russia and internationally. The enterprise produces high quality rolled steel, improves product characteristics and creates unique steel grades in line with customer requirements. We value the work of all our employees at OEMK, who are true masters of their trade. We are particularly grateful to those who began the first development of direct reduction of iron ore in Russia.”

The main customers of OEMK’s steel products are enterprises in the automotive, mechanical engineering, pipe, metal goods and bearing industries. AvtoVAZ, KAMAZ, Severstal-Metiz, MMK-Metiz, Ural Spring Plant, Pervouralsk New Pipe Plant, the Belebeevsky plant "Avtonormal", European Bearing Cooperation, Izhora Pipe Mill and other companies are key partners of the enterprise in Russia.

OEMK’s steel products are exported to Germany, France, Poland, Slovakia, Italy, Romania, Turkey, Egypt and many other countries. OEMK rolled steel is used by leading global car manufacturers such as Volkswagen, Renault-Nissan, Groupe PSA, Mercedes-Benz, Renault and is supplied to SKF and Schaeffler, producers of bearings and components.

Source : Strategic Research Institute
voda
0
AK Steel Receives Award from US DoE

AK Steel announced that it has accepted an award from the US Department of Energy High Performance Computing for Materials (HPC4Mtls) Program. Researchers from AK Steel plan to work in collaboration with DOE’s Oak Ridge National Laboratory to develop microstructure-based transformation models to predict austenite stability in high strength steels in a project titled “Thermo-Mechanical Forming Process Development to Produce Tailored Strength Automotive Structural Components.” The project will be funded by DOE’s Office of Energy Efficiency and Renewable Energy’s Vehicle Technologies Office.

Mr Roger K Newport Chief Executive Officer of AK Steel said that “AK Steel is proud to have the opportunity to collaborate with the DOE and the HPC4Mtls Program to develop mathematical models that could enable the production of automotive components with properties tailored to meet the demanding performance requirements of the future. This is another outstanding example of the important work and collaboration of our AK Steel experts to drive continued innovation in steelmaking.”

This is the fourth recent award AK Steel has received from EERE to support innovative steel research. The three earlier awards were funded by EERE’s Advanced Manufacturing Office. The first, awarded in 2017, focused on manufacturing new steels that provide increased efficiency in high-frequency electric motors, and a second award in 2018 focused on low density steels that could ultimately be used in automotive structural applications. The third, awarded earlier this year, focused on leveraging high performance computing from Lawrence Livermore National Laboratory for hot rolling steel research. All four awards underscore AK Steel’s innovation and commitment to being a leader in next generation steel product and process development.

Source : Strategic Research Institute
voda
0
GMS Market Commentary on Shipbreaking in Bangladesh in Week 29 - STRUGGLING!

Ever since the announcement of the budget on June 13th, Bangladesh has endured a rather difficult time ever since. Increased VAT to the tune of 10% has set the industry back by about USD 25 – USD 30/LDT. There have been very few Buyers open and available to take in new vessels, especially with the large amounts of tonnage already occupying local plots. Further aggravating the local situation has been an overall unwillingness of local banks to sanction new and (potentially large U.S. Dollar value) L/Cs.

While it is expected that it might take another few weeks (or even months) before the BSBA manages to overturn the recently increased VAT (if at all) and demand subsequently returns to anywhere near pre-budget / summer levels, in the interim, it will be a waiting game for many in the industry looking to offload some of the recently acquired expensive units.

NO MARKET SALES REPORTED
Source : Strategic Research Institute
voda
0
EUROFER Update on Real Steel Consumption in Q1 and Forecast

Real steel consumption fell by 1.7% year-on-year in the first quarter of 2019 and was 40 million tonnes. The marked slowdown in production activity of steel-using sectors, in combination with steel intensity becoming more negative, resulted in real steel consumption falling by 1.7% year-on-year in the first quarter of 2019. Steel intensity, the ratio of steel consumption to steel weighted production in steel using industries, becoming more negative in an economic downturn is a rather common feature of final steel use in the downstream steel processing industries, particularly so in the engineering sectors. This has to do with investment becoming more geared towards automation, efficiency improvement, artificial intelligence and related services, which limits the material content in the product mix.

Real steel consumption forecast 2019-2020
Hesitating output growth in EU steel-using sectors over the 2019-2020 period together with an expected continuation of a negative steel intensity trend will result in the growth of real steel consumption falling by 0.4% in 2019. This will mark the first year of negative growth in EU real steel consumption since 2013.

A slight improvement in business conditions in the downstream steel-using sectors and better prospects for investment will lead to EU real steel consumption increasing by 1.1% in 2020; the impact of steel intensity is also expected to diminish somewhat.

This will result in real steel consumption reaching 162.2 million tonnes in 2019 and 164 million tonnes in 2020.

zie pdf

Source : Strategic Research Institute
Bijlage:
voda
0
GMS Market Commentary on Shipbreaking in Week 29 - MID YEAR SLUMP!

The mid-year slump witnessed across all recycling locations has shown no signs of abating, with another poor showing (especially from the subcontinent markets) as offers on units declined across the board on the back of weakening steel plate prices, with India taking the biggest hit once again. Bangladesh remains bloated with an array of expensive & large LDT vessels beached during the first half of the year and it is expected to take at least another month or so, before demand and pricing starts to return. Chattogram Buyers, represented by the powerful BSBA lobby, are also in the midst of challenging key terms of the recent budget, which has seen a 10% increase in VAT. However, the outcome of their efforts may only become clearer over the next few weeks. In the meantime, any open Buyers (assuming they can open L/Cs, which is reportedly becoming increasingly difficult) are attempting to secure market vessels on the cheap.

On the other side, India has suffered some catastrophic steel reversals over the past few weeks, with a decline in excess of USD 40/Ton witnessed thus far – leaving most Alang Buyers reticent to offer on new or existing tonnage, until some sort of stability is seen.

Pakistan, which had just started to creep up again after a woeful first half of the year, has also suffered setbacks with further dumping of Iranian billets that is undercutting the local market, and a currency that is still in a desperate state. As a result, it has been some time (nearly a year) since Gadani Buyers have secured a competitive / market vessel.

Finally, Turkey remains relatively unchanged, with local plate prices still suspended at region USD 290/MT and the Turkish Lira now firming, approaching levels from a couple of weeks ago.

Overall, despite some improvement in freight rates across the board, a moderate supply of potential tonnage (especially into the subcontinent markets) is being seen from Owners who remain keen to sell, whilst prices (especially for dry units) are at or below the USD 400/Ton mark.

Source : Strategic Research Institute
voda
0
EUROFER Update on Total Steel-Using Sectors Output in Q1 and Forecast

Total production activity in EU steel-using sectors grew by 1.1% year-on-year in the first quarter of 2019; this basically reflects a decline of activity in the euro area and an increase in the Central European region. Total production growth in EU steel using sectors lost further momentum in the first quarter of 2019. From the peak in the final quarter of 2017, deteriorating business conditions in the manufacturing industry in general and in the automotive industry in particular led to an on-going moderation in output growth in the steel-using sectors. The only sector bucking this trend is the construction industry. As the largest steel-using sector, the continued robust expansion of production in this sector mitigated the adverse impact of negative or much slower growth of production activity in the other steel-using sectors.

Overall output growth in the steel-using sectors in the first quarter of 2019 was negative in Germany, France, Italy, the UK and Belgium. Production growth was positive in the other reporting countries.

zie pdf

Total steel-using sectors forecast 2019-2020

The outlook for the EU steel-using sectors in the EU is sluggish. But not just the EU is affected: the downturn in industrial activity is a global phenomenon, reflecting weakening global trade and investment. A fast rebound is unlikely because of the negative impact of US protectionist measures on trade.

For the EU, risks related to the external environment will remain the key challenge over the forecast period 2019-2020. Over the past two years, the fundamentals of global trade have clearly changed for the worse, due to the US government putting tariffs on billions of dollars' worth of goods imported from its main trading partners the EU, Canada, Mexico and China. The affected countries have responded in kind, retaliating with similar tariffs on US products.

EU’s manufacturing base is suffering, particularly in those countries and sectors more exposed than average to international trade. Weakened business sentiment puts investment at risk of falling behind expectations; this would be exacerbated in case of a no-deal Brexit and a further escalation in protectionist trade measures. Automotive tariffs imposed by the US authorities on automotive imports from the EU would seriously harm the entire automotive supply chain. On the positive side, an orderly Brexit and the settlement of trade disputes between the US and its main trading partners would be a potential upside. Support is also provided by continued strength in construction.

Output in the EU’s steel-using sectors is forecast to grow by 1.1% in 2019 and by 1.4% in 2020.

Source : Strategic Research Institute
Bijlage:
voda
0
PSMA Call To Bring Steel Units in Ex-Fata Under Tax Net

Former Chairman of Pakistan Steel Melters Association, Mian Iqbal Tariq has urged Prime Minister Imran Khan to continue 17% FED on steel mills of tribal districts of Khyber Pakhtunkhwa in order to give level-playing field to all the stakeholders. In a statement issued he said the steel units based in tribal districts had enjoyed sales tax and customs concessions for the last 50 years, and now these units were well established.

He said conservative estimate of an average steel unit in the tribal district, which manufactures at least 100 tonnes a day, at the going sale price of PKR 100,000 per ton, could save over PKR 600 million yearly just in sales tax and FED alone.

Mr Iqbal Tariq said that “This leaves all other units in the settled areas uncompetitive. With about 30 to 40 steel manufacturing units operational in these areas, the combined loss to the exchequer stands at about PKR 20 billion to PKR 25 billion annually. It is noteworthy that many more units are in the process of being set up.”

He said the government had already announced a generous package of Rs100 billion for the development of the tribal areas, and that should suffice to stabilise the economy of that region and maintain and generate employment.

Source : Dawn
voda
0
Alcoa Corporation Announces Q2 2019 Results

Alcoa Corporation reported second quarter 2019 results that include several actions to improve the Aluminum segment’s portfolio and further strengthen the Company. President and Chief Executive Officer Roy Harvey said that “In the second quarter, our Aluminum segment rebounded despite weaker metal prices, and we reported a solid cash balance, even after sizeable cash outlays. We also maintained strong operational performance across all of our businesses.”

Mr Harvey continued that “In addition, we successfully divested our minority interest in the Saudi joint venture rolling mill, and we made significant progress on other initiatives to reduce losses and increase Company profits. As we enter the second half of the year, we’ll continue to navigate through this market cycle with a sustained focus on safety and operational excellence, finding new ways to further improve the business.”

Alcoa reported a net loss of USD 402 million, or USD 2.17 per share for the second quarter 2019, compared to a net loss of USD 199 million, or USD 1.07 per share, in the first quarter of 2019.

The second quarter results include the impact of USD 400 million of special items, including USD 319 million from the divestiture of Alcoa’s interest in the Ma’aden Rolling Company in Saudi Arabia and USD 81 million in other special items.

Excluding the impact of special items, second quarter 2019 adjusted net loss improved sequentially USD 41 million to an adjusted net loss of USD 2 million, or USD 0.01 per share.

In the second quarter, Alcoa reported adjusted EBITDA excluding special items of USD 455 million, down slightly from the prior quarter, primarily due to lower pricing for both alumina and aluminum that was partially offset by higher energy sales and lower costs for raw materials.

Alcoa reported second quarter revenue of USD 2.7 billion, which is flat sequentially.

Alcoa ended the quarter with cash on hand of USD 834 million and debt of USD 1.8 billion, for net debt of USD 1.0 billion.

Source : Strategic Research Institute
voda
0
Indonesia to Enforce 2022 Ban on Raw Mineral Ore Exports

Reuters reported that a senior Indonesian mining ministry official pledged that authorities would enforce a ban on the export of raw ore exports by 2022 to make miners process minerals in the country. Based on a 2017 mining regulation, Indonesia is due to stop allowing the export of unprocessed ore starting January 12th 2022, after giving miners a five year period to build smelters onshore. Mr Bambang Gatot, the mining ministry’s Director General of Coal and Minerals, said, said that “They must finish building smelters. If they don’t finish in time, they should continue building, but they won’t be allowed to export ore.”

Indonesia stopped exports of raw ore such as nickel, bauxite and concentrates of other minerals from 2014 to 2016, and the revenues of mining companies such as PT Aneka Tambang have declined following the ban. Given the impact, the government then relaxed the ban in January 2017 under certain conditions including that companies put forward plans to build smelters. Nickel prices have climbed in both London and Shanghai on concerns about the 2022 ban in ore exports.

As of July, there were 41 smelter projects being constructed with more than half of them nickel smelting projects, data from Indonesia’s mining ministry showed. Twenty-two nickel smelting plants are currently being developed with an estimated 46.33 million tonnes of input capacity. Three of these are near completion, while the others are mostly still in the early stage of construction.

Below are details of ongoing smelter projects:

zie pdf

Indonesia has 13 existing nickel smelting facilities with a combined input capacity of 24.52 million tonnes, which mostly produce nickel pig iron.

Source : Reuters
Bijlage:
35.173 Posts, Pagina: « 1 2 3 4 5 6 ... 1025 1026 1027 1028 1029 1030 1031 1032 1033 1034 1035 ... 1755 1756 1757 1758 1759 » | Laatste
Aantal posts per pagina:  20 50 100 | Omhoog ↑

Meedoen aan de discussie?

Word nu gratis lid of log in met uw e-mailadres en wachtwoord.

Direct naar Forum

Detail

Vertraagd 18 apr 2024 17:35
Koers 23,800
Verschil +0,290 (+1,23%)
Hoog 23,960
Laag 23,560
Volume 2.676.573
Volume gemiddeld 2.411.545
Volume gisteren 3.430.788

EU stocks, real time, by Cboe Europe Ltd.; Other, Euronext & US stocks by NYSE & Cboe BZX Exchange, 15 min. delayed
#/^ Index indications calculated real time, zie disclaimer, streaming powered by: Infront