Nieuws en info hier plaatsen (deel 4)

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Mechel Reports Operational Results for Q1 of 2020

Leading Russian mining and metals company Mechel announced operational results for Q1 of 2020. Mechel PAO’s Chief Executive Officer Oleg Korzhov said “Today we can safely say that the spread of COVID-19 in 1Q2020 had no significant impact on our production and sales. In the mining division that was largely due to our proactive work on extending annual contracts with our Asian customers throughout 2019. We also shifted supply schedules for long-term contracts and redistributed sales geography for certain products where needed. We shipped off volumes planned for 1Q2020 through our sales network. We expect that sales performance targets for the second quarter will also be met. For several accounting periods, prices have maintained fairly high volatility. At the same time, in May we have noted a trend for stronger global prices for our key product, coking coal concentrate, which we consider a positive market factor. Despite the pandemic, the steel division’s sales remained stable in 1Q2020. We foresee a negative impact on sales in 2Q2020. April-May is the traditional time for a spike in demand from construction and steel sales companies, but with ubiquitous restrictive measures in place, we have seen no expected sales increase in early second quarter.”

Voor cijfers, zie pdf.

Source : Strategic Research Institute,
Bijlage:
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JSPL Update on Global Ventures

During 4QFY20, Jindal Shadeed recorded production of 0.57 million tonnes of steel as against 0.45 million tonnes in 4QFY19. Oman business reported revenues at USD 268 million and EBITDA at USD 63.8 million. For the financial year ending March’20, Jindal Shadeed reported production at 1.87 million tonnes and sales at 1.88 million tonnes. The Revenues and EBITDA for FY20 came at USD 910 million vs USD1019 million in FY19 and USD 138 million Vs USD 181 million in FY19 respectively.

Mozambique: During this quarter, the mine at Chirodzi produced 591KT ROM up 14% YoY. The Mozambique operations continued to ramp up production this year and ended FY20 at 2.5 million tonnes,rise of 47% compared to 1.71 million tonnes in FY19. Mozambique operations reported EBITDA at USD 2 million for 4QFY20 and USD10.4 million for FY20.

Australia: During 4QFY20, both Wongawilli & Russell Vale mines remained under care & maintenance. In the reported quarter, JSPAL and WCL pursued their restructuring proposal with the NSW Supreme Court to restructure the debt and make it more sustainable. WCL continues to work towards securing the approval for its Russell Vale mines.

Source : Strategic Research Institute
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US Steel Production Capacity Utiliztion in Week 21 Improves WoW

American Institute of Iron & Steel announced that in the week ending on May 23, 2020, domestic raw steel production was 1,191,000 net tons while the capability utilization rate was 53.2 percent. Production was 1,880,000 net tons in the week ending May 23, 2019 while the capability utilization then was 80.8 percent. The current week production represents a 36.6 percent decrease from the same period in the previous year. Production for the week ending May 23, 2020 is up 0.8 percent from the previous week ending May 16, 2020 when production was 1,181,000 net tons and the rate of capability utilization was 52.7 percent.

Adjusted year-to-date production through May 23, 2020 was 33,231,000 net tons, at a capability utilization rate of 70.3 percent. That is down 14.7 percent from the 38,978,000 net tons during the same period last year, when the capability utilization rate was 81.4 percent.

Broken down by districts, here's production for the week ending May 23, 2020 in thousands of net tons: North East: 93; Great Lakes: 395; Midwest: 127; Southern: 517 and Western: 59 for a total of 1191.

Source : Strategic Research Institute
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