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Arcelor Mittal « Terug naar discussie overzicht

Nieuws en info hier plaatsen (deel 4)

35.173 Posts, Pagina: « 1 2 3 4 5 6 ... 1072 1073 1074 1075 1076 1077 1078 1079 1080 1081 1082 ... 1755 1756 1757 1758 1759 » | Laatste

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voda 3 oktober 2019 19:30

Moody's Assign Baa1 Senior Unsecured Ratings to Nucor

Moody's Investors Service has completed a periodic review of the ratings of Nucor Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

Nucor's Baa1 senior unsecured ratings reflect the company's low cost position in the steel industry as an Electric Arc Furnace producer. Additionally, the company's broad geographic footprint in the US and product breadth are key strengths. Although costs will increase as the company moves up the value added chain for steel products, it will also achieve higher realized prices for these products given its overall value add portfolio mix. Nucor's rating also reflects its low leverage and strong debt protection metrics. The rating however also incorporates the volatility in the steel industry.

The ratings are supported by the company's ability to be free cash flow generative through various steel price points and its solid liquidity position, which includes maintaining a strong cash position.

Source : Strategic Research Institute

voda 3 oktober 2019 19:30

Severstal takes part in IX St. Petersburg International Gas Forum

Largest vertically integrated steel and mining companies in the world PJSC Severstal, takes part in the IX St Petersburg International Gas Forum, which runs from October 1 to 4 at the Expoforum Exhibition Center (St. Petersburg). The company's booth is located in Pavilion F under the number G2.1. Thanks to a deep understanding of customer needs, cooperation with research institutes and attraction of the competence of partner enterprises, Severstal becomes a supplier of integrated solutions for such segments of the oil and gas industry as oil and gas production and transportation, liquefied natural gas.

Solutions for customers of the fuel and energy complex are dedicated to the main stand of the company. In the format of a digital installation using augmented reality technology, one can get acquainted with the proposal for the construction of LNG complexes on it. It includes solutions based on cryogenic steel with a nine percent nickel content produced at the Cherepovets Metallurgical Plant. Such steel has high cold resistance at low temperatures (up to -196 ° C), but at the same time retains its ductility and strength characteristics in combination with good weldability. X7Ni9 steel products are used for the construction of the inside of LNG storage tanks, the production of pipe products for LNG transportation, and is also used in spiral heat exchangers.

For zones of active tectonic faults, permafrost and heaving soils, Severstal offers large diameter pipes with high deformation ability, produced at the Izhora Pipe Plant.

Severstal Steel Solutions has competencies in the manufacture of metal structures for refineries, facilities for the oil and gas industry and field development, and also has the technical ability to apply fire protection and anti-corrosion coatings to metal structures in the factory. Severstal-metiz high-strength strands are used as prestressing reinforcement in reinforced concrete structures.

Mr Dmitry Goroshkov, Severstal’s director for energy companies said that “This year, the company is making major structural changes to meet the needs of customers. Especially for interacting with consumers from the fuel and energy sector of the economy, we have created the industry team “Energy”, which will focus on the development and supply of new types of products, customized services and unique integrated solutions, attracting the capabilities of not only Severstal, but also Severgroup.”

Source : Strategic Research Institute

voda 4 oktober 2019 15:28

China's Crude Steel Output in August up by 9.3% YoY

According to the National Bureau of Statistics, China's crude steel output in August rose 9.3% YoY to 87.25 million tonnes bringing the total output in the first eight months of 2019 to 664.87 million tonnes, up 9.1% YoY. In August, China's crude iron output gained 7.1% YoY to 71.17 million tonnes and rolled steel output in the country climbed 9.8% to 106.39 million tonnes.

China’s crude steel output stood at 928.26 million tonnes, up 6.6% YoY.

Source : Strategic Research Institute

voda 4 oktober 2019 15:29

Severstal Improves HRPO Quality for Car Manufacturers

PJSC Severstal has begun the active phase of the project for the technical re-equipment of the hot rolled pickled steel cutting unit in the metal coating shop No. 1 of the Cherepovets Steel Mill. The Cherepovets Metallurgical Combine at the previous combined cutting unit produced hot-rolled etched tape, which was later used for the production of rims, side members and other automobile parts. The design features of the AKP did not allow to produce products with a full guarantee of the absence of mechanical damage and scratches on the strip surface, and the diameter of circular knives 650 mm - to obtain high-quality cuts on the entire assortment line of the unit. The reconstruction project involves the complete replacement of the equipment of the combined cutting unit with a new unit for slitting metal in thicknesses from 1.5 to 6.5 mm. At the same time, the maximum weight of one roll of products manufactured on it will increase to 36 tons, and the time for transshipment of disk shears will be no more than 5 minutes. The launch of the combined cutting unit in the metal coating workshop No. 1 is scheduled for late 2019, and it will reach rated capacity in the 1st quarter of 2020.

Now, in the metal coating workshop No. 1, the previous combined cutting unit has already been dismantled. Employees of contracting organizations from Cherepovets and Chelyabinsk began the construction of foundations and the installation of related infrastructure. Until the end of October 2019, equipment will be delivered. Its manufacturer and supplier is the company FIMI.

Source : Strategic Research Institute

voda 4 oktober 2019 15:29

Odisha to Start Auction Process for 20 Iron Ore & Manganese Mines

Economic Times reported that Odisha is inviting bids for 20 iron ore and manganese mines in the state starting Friday. Senior officials told ET “The state has decided to auction 12 iron ore: two manganese and six iron and manganese mines in two lots, beginning Friday. Notices inviting tenders for the two lots will be issued on October 4 and 14 and letters of intent will be sent by January 3 and 15 2020: respectively. Five of the leases have been reserved for manufacturers of steel and steel intermediaries.”

Odisha government has already invited bids for two chromite mines and decided to reserve Tata Steel’s Sukinda chromite mine for state-owned Orissa Mining Corporation.

Now, 329 mines across the country will see the end of their terms in March 2020. This includes 24 working mines in Odisha.

Source : Economic Times

voda 4 oktober 2019 15:30

Tata Steel Mulls Stake Sale in mjunction - Report

Mint, citing people with knowledge of the matter, reported that Tata Steel is weighing a sale of its stake in an e-commerce joint venture mjunction Services Ltd. Sources told “The company is working with advisers on a potential sale of its 50% stake in mjunction Services Ltd and is seeking a valuation of about INR 1,400 crore for its stake.”

Sources said “Discussions are at a preliminary stage and Tata Steel could decide against a sale, the people said. The manufacturer would need to get consent from SAIL should it decide to go ahead with a deal.”

State-owned Steel Authority of India Ltd holds the rest of mjunction.

Source : Mint

voda 4 oktober 2019 15:30

Nippon Steel Kimitsu Repair Work Likely to be Finished by December End

Reuters quoted Japan’s biggest steelmaker Nippon Steel Corp as saying that one of the two steelmaking plants at its Kimitsu Steel Works will be shut until the end of December, to repair a chimney that collapsed in a typhoon last month. The plant where work was suspended is located in Japan’s prefecture of Chiba east of Tokyo, the capital, and produces about 150,000 tonnes of semi-finished products each month to make wire rods used in automobiles, among other applications. A company spokesman said that “We plan to complete repair work by the end of December and resume operations in January.”

The typhoon in early September was one of the strongest to hit eastern Japan in recent years, killing one woman and bringing record-breaking winds and stinging rain that damaged buildings and disrupted transport.

Source : Reuters

voda 4 oktober 2019 15:31

Tata Steel Europe & Partners to Reduce CO2 Emissions from Steelmaking

Tata Steel has joined forces with Dutch companies Gasunie, EBN and Port of Amsterdam to complete a feasibility report into an innovate project which could reduce the steelmakers’ CO2 emissions. Tata Steel announced last year it aims to be a carbon neutral steelmaker in Europe by 2050. Capturing CO2 from the company’s steelmaking operations and either reusing it or storing it in empty gas fields under the North Sea could play an important role in helping to achieve that ambition. The new report confirmed there are sufficient opportunities for capturing, storing and reusing CO2 (CCUS – Carbon Capture Utilisation and Storage) in the North Sea Canal area, which is home to Tata Steel’s integrated steelmaking site in IJmuiden, the Netherlands. It showed a CCUS network is technically feasible and has the potential to reduce emissions of CO2 by 7.5 million tonnes a year by 2030. The current feasibility study will be followed by more detailed research,

Known as the Athos Project it is just one of the ways Tata Steel is exploring to reach its ambitions around decarbonisation. There are more than enough empty gas fields under the North Sea to store the captured CO2. The study showed there are no technical barriers to the project and that no new technologies need to be developed. The CCUS technology is already being used worldwide. There are various initiatives and plans for reusing CO2 in the North Sea Canal area including the reuse of CO2 in greenhouse horticulture or conversion for reuse in the form of synthetic fuels.

Source : Strategic Research Institute

voda 4 oktober 2019 15:33

POSCO Crude Steel Production Hits 1 Billion Tonne Milestone

South Korean steelmaker POSCO said that it has hit the 1 billion tonne milestone of crude steel production since 1973. Posco began producing the first molten metal at its blast furnace in 1973. It produced 1 million tonnes of crude steel, supplied steel for 25,000 cars and provided 12,000 compensated gross tonnage for shipbuilding that year.

Last year, its crude steel production surged to 37.7 million tonnes. It also supplied steel for 4 million cars and provided 7.7 million compensated gross tonnage for shipbuilding, according to the steelmaker.

Source : Korea Herald

voda 4 oktober 2019 15:34

thyssenkrupp India Aiming for INR 4,000 crore Revenue - CEO

PTI reported that Thyssenkrupp’s India Managing Director and CEO Mr Vivek Bhatia told “The company, which has had a presence in India over the last five decades, has made the country a global centre of competence for energy, mineral processing, material handling equipment, and sugar industries. Backed by our strong technology and innovation capabilities in India, we are eyeing to double our revenues to INR 4,000 crore in the next five years.”

Mr Bhatia said that the company was betting big on the growth of capital goods equipment in the country to cater to the rising need for mining, cement, sugar and power sector in the domestic market.

He added “We are also leveraging our IoT solutions and other new technologies to develop next-generation equipment in India. We also aim to extend our technology expertise for chemical projects such as in the segments of fertilisers and coke plants.”

Source : PTI

voda 4 oktober 2019 15:38

Fetch.ai Partners With Turkish Steelmakers to Develop AI Metals Exchange

A group of leading Turkish steelmakers and traders, including Bagtug Metallurgy, have entered into an alliance with artificial intelligence lab Fetch.ai to help develop a decentralized, blockchain-based and Al-powered, tokenized metals exchange. Due to be officially launched later this year, the decentralized exchange, powered by Fetch.ai technology, will integrate Al-accelerated olockchain solutions that will allow increased liquidity in the trading of steel, base metals and other commodities. The first transaction between Bastug Metallurgy and one of its suppliers is scheduled to take place later this month. The Fetch.ai platform will enable the recording and monitoring of the transaction via an intelligent smart contract. Fetch.ai will enable and simplify digitized trading of these materials through the use of tokens, allowing more market players to gain access to exciting new risk management tools, while maintaining market efficiency and security. The decentralized platform will also unlock new funding models for supply chain participants by allowing them to collateralize their material and production capacity, which will enable the full realization of the value of the underlying commodity they are holding. It will also allow spread hedging between raw materials and finished products in a simplified fashion which will help market players to better hedge the portion of the supply chain which is more relevant to them. While the commodities trading market has struggled to adapt to the blockchain model mainly due to the absence of autonomous monitoring and fraud detection, the Fetch.ai platform with its machine learning (ML)/ artificial intelligence (Al) framework will help solve these issues.

Fetch.ai CEO Humayun Sheikh said that "I am extremely pleased to be working with Bagtug and the other steel mills and trading companies which are part of the consortium. Having them on board is a testament to the strength of our project and will speed up our efforts in building this revolutionary marketplace. The decentralized exchange will change the way metals and other commodities are traded and funded."

Source : Strategic Research Institute

voda 4 oktober 2019 15:39

Thyssenkrupp Rasselstein Tandem Cold Mill Modernized By SMS Group

In March 2019, thyssenkrupp Rasselstein GmbH has awarded SMS group an order covering the modernization of the oil application system of the tandem cold mill No. 2. With the current modernization, thyssenkrupp Rasselstein wants to adjust the oil application system of the tandem cold mill to the continuously increasing future market requirements regarding product quality and thus further expand its market position. At the time of commissioning in 1971, the six-stand tandem cold mill No. 2 was considered the latest cold rolling mill of this type in the Federal Republic of Germany. It already had a high degree of automation and achieved very good strip qualities at rolling speeds of up to 2,400 meters per minute. The modernization is aimed at achieving a high degree of flexibility regarding the control of various process-influencing parameters for the production of state-of-the-art end products.

In addition to providing the required design services and supplying all mechanical equipment as well as the electrical and automation systems, the contracted scope of SMS group and Lux Automation GmbH, a company of SMS group, includes the dismantling of the old systems as well as the erection and commissioning of the new equipment.

The modernization will be implemented in two stages of construction. Commissioning of the second construction phase is scheduled for 2021.

Source : Strategic Research Institute

voda 4 oktober 2019 15:41

ArcelorMittal to Refurbish Factory in Gijon

The project for the reduction of particle emissions of the Sinter A plant, consisting of the installation of an additional bag filter to the gas purification system that the installation already has, It advances at a good pace. The connection of a new conduit will be made in the discharge of the existing main blower, conducting said gases to the entrance of the new filter, which will be built in parallel during the normal operation of the plant. Another duct will carry the gas already purified from the new filter to the current fireplace. The design, manufacture and construction of said filter and its connection ducts was awarded to the Danish company FLSmidth Airtech, a specialist in gas purification and with extensive experience in ArcelorMittal in the construction of this type of equipment.

Currently working on the installation of the structure of the bag filter and assembly of the main equipment. The connection work will be carried out from the month of November, allowing the equipment to be fully operational before Sister A resumes its activity after its scheduled stop for end-of-year maintenance.

The construction and start-up of this new equipment will allow a 75% reduction in the emissions of particles from the process of the A, ensuring daily levels of emission of particles below 10 mg / Nm 3 . The installation of the new filter is one of the most outstanding actions of the ArcelorMittal Asturias Environmental Improvement Plan, which commits an investment of more than 200 million euros until 2022.

Source : Strategic Research Institute

voda 4 oktober 2019 15:43

Alacero Update on Latin American Steel Industry

Latin American steel association Alacero said that despite the contraction compared to the previous year, the consumption of rolled steel in Latin America has recovered this month for the first time this year, exceeding expectations made at the beginning of 2019. Consumption in the region from January to July fell 4% in relation to it 2018 period. After the withdrawal seen in June, it recovered by 6% in July. But, in relation to July 2018, the reduction in consumption was around 3.68%. Even so, the result of consumption in the month was 1% higher than the average seen in the first half of 2019. This positive variation is mainly due to the resumption of imports from China, which have grown again throughout Latin America. In July, Chinese imports from the region increased 5.9% compared to June, very similar to the 6.3% increase observed from May to June. Much of the increase recorded in the seventh month of the year was driven by Mexico, which experienced a 7.3% growth in consumption compared to June and represents 46% (138 thousand tonnes) of the Latin American recovery (298 thousand t). In the meantime, Chinese imports from the country advanced 20.1% from May to June and 31.1% from June to July.

In this context, the production of crude steel and rolled steel in Latin America in August fell 5% and 6%, respectively, versus January-August 2018. However, there is still a cumulative deficit of 2.1 Mt in the rolled steel production compared to the first eight months of 2018.

The region increased its imports by 19% between June and July 2019, identifying -0.1% fall compared to January-July 2018 in the accumulated. The share of imports in regional consumption began in the third quarter at 36%, a percentage higher than that presented between January-July 2018 (35%). The deficit recorded in January-July 2019 was 8.06 Mt, with 69 thousand tons less than January-July of the previous year (8.13 Mt). Overall, there was a 0.9% decline in the accumulated.

Mr Francisco Leal, General Director of Alacero said that “Latin America has been punished for low consumption and the consequences of commercial tensions. In addition, the region faces the arrival of cheap products under unfair competition from China. Suffice it to note the growth in Chinese exports, revealed by the OECD data from the Steel Committee (+ 12.7%), basically due to the contraction in Chinese domestic consumption. Its production has increased according to worldsteel + 9%, meanwhile in the Latin American countries we report a drop of -6%.”

Source : Strategic Research Institute

voda 4 oktober 2019 15:45

HYBRIT Investing SEK 200 million for Storage of Fossil-Free Hydrogen in Lulea

HYBRIT initiative owners SSAB, LKAB and Vattenfall are investing SEK 150 million and the Swedish Energy Agency is contributing almost SEK 50 million towards the construction of a storage facility for hydrogen at the HYBRIT pilot plant for fossil-free steel. The investment is an important step towards the goal of fossil-free iron and steel production. The HYBRIT initiative began in 2016. By using fossil-free electricity and hydrogen instead of coke and coal in steel production, the emissions will be water instead of carbon dioxide. The initiative has the potential to reduce Sweden’s total carbon dioxide emissions by 10%. The plan is to build the new hydrogen gas storage facility 25-35 meters below the ground surface on LKAB's land in Svartöberget, close to the pilot plant currently under construction on SSAB's site in Luleå. The hydrogen storage facility is expected to operate from 2022 to 2024.

The implementation study for the HYBRIT initiative showed that large-scale storage of hydrogen gas can play an important role in Sweden's future energy system. As well as acting as a buffer to ensure an even flow to the steel production, a large-scale hydrogen gas storage facility would offer a better opportunity to balance the electricity system with a greater proportion of weather-dependent power generation, and enable a competitive production cost for the fossil-free steel.

Source : Strategic Research Institute

voda 4 oktober 2019 16:34

Nippon Steel & Nippon Steel Nisshin Co to Implement Merger

Nippon Steel Corporation and Nippon Steel Nisshin Co Ltd resolved, at their meeting of the Board of Directors, to implement a merger between NSC and its wholly owned subsidiary NSN, in which NSC will be the surviving company and NSN will be the absorbed company, effective as of April 1, 2020. NSC made NSN into its subsidiary in March 2017, and has strived to maximize the effects of synergies by mutually utilizing management resources of both companies, while making the most of the strengths of each company, and has consistently achieved results in areas such as sales alliances, mutually flexible production, and developments of best practices in technology. In January 2019, NSC converted NSN into its wholly owned subsidiary, thereby establishing a structure oriented toward integrated operations that allow for swifter and more flexible responses in implementing intercompany measures, including those for pursuit of an optimized production system and business restructuring of group companies, in order to realize even greater synergies.

In the current fiscal year, however, the environment surrounding the steel making industry is rapidly deteriorating. In addition to a significant deterioration in NSC’s own business conditions, NSN, which is in the same industry as NSC (blast furnace steelmaking and steel sheet business), is likewise experiencing very harsh business conditions. In order to overcome this situation, it is necessary for the Nippon Steel Group to proceed with the urgent consideration and implementation of measures to pursue even greater total optimization.

Furthermore, in the context of a series of accidents and emergencies that have occurred at NSN since last year, an even greater level of integrated operations with NSC is becoming necessary from the perspectives of maintaining customer relationships and securing stable supply of products. Taking these circumstances into account, after consideration by both companies, the decision has been made to merge, forming an organizational structure for agile response aimed at strengthening competitiveness.

Source : Strategic Research Institute

voda 4 oktober 2019 16:35

Experts from British Steel help businesses to Shape Vision for a Zero Carbon Economy

Expertise from British Steel is helping a consortium of businesses to shape its vision for a zero carbon economy. Representatives from Equinor, Drax Group and National Grid Ventures visited our Scunthorpe site recently to present their Zero Carbon Humber ambitions. The group looked around our site and heard from British Steel experts about some of the challenges businesses like us might face in accessing their proposed technology in the future. The consortium of three energy companies share a vision to build the UK’s first net zero carbon cluster, growing out of the Humber by the mid-2020s and creating the start of a new hydrogen economy across Yorkshire and the North of England.

British Steel Technical Director Chris Vaughan said that “As major players in the region’s industrial landscape, many businesses like ours are facing similar challenges when it comes to reducing emissions. By opening our doors to the Zero Carbon Humber group we hope to help them get a better understanding of these challenges, and we look forward to seeing how their plans are shaped over the coming years as we work together towards a common goal.”

Source : Strategic Research Institute

voda 4 oktober 2019 16:37

AISI Welcomes New EVRAZ North America CEO to the Board

The American Iron and Steel Institute’s Board of Directors welcomed EVRAZ North America president and CEO, James “Skip” Herald, as a director. AISI Chairman and AK Steel chief executive officer Roger Newport said “Skip Herald has had an impressive career, and I am excited to welcome him to the AISI Board of Directors. Skip’s wealth of experience will be an asset to the association as we continue to advocate on behalf of the North American steel industry, our workers, customers and partners.”

AISI president and CEO Thomas J. Gibson added, “Skip brings a unique and thoughtful perspective to the steel industry that will be help us address the public policy challenges we face during this critical period in the history of our industry.”

Herald has more than 35 years of experience in the oil and gas and energy industries, both in service and manufacturing sectors. Prior to joining EVRAZ, he served as CEO of Axip Energy Services. He also held positions as CEO of the Americas at line pipe manufacturer Welspun Corp; managing director, North America, at Vallourec; and, in multiple business units and managing operations globally at Halliburton.

Source : Strategic Research Institute

voda 4 oktober 2019 16:37

Russel Metals Announces Closing of City Pipe & Supply Acquisition

Russel Metals Inc announced that it completed the previously reported acquisition of City Pipe & Supply. City Pipe & Supply is a leader in supplying pipe, valves, and fittings to oil and gas companies in the Permian, Eagle Ford, Granite Wash, Barnett and Haynesville basins which collectively represent approximately 60% of the active rigs in the United States. City Pipe & Supply operates five distribution centers located in Odessa, Big Spring, Weatherford and Longview, Texas along with Hobbs, New Mexico.

Mr John Reid, President and Chief Executive Officer of Russel Metals stated that “We are extremely pleased to have completed this transaction which expands our United States oilfield services business in the Permian basin, complementing our Apex Remington operation. We welcome the employees and customers of City Pipe & Supply to Russel Metals' family of companies.”

Source : Strategic Research Institute

voda 4 oktober 2019 16:38

TATA Steel Gets INR 5,000 crore Profit during Insolvency Case of Bhushan Steel

Business Line reported that TATA Steel has walked away with a profit of INR 5,000 crore made by Bhushan Steel during the insolvency period of over 18 months. In contrast, the National Company Law Tribunal has ruled that the profit made by Bhushan Power and Steel during the insolvency period belongs to the financial and operational creditors. JSW Steel, the winning bidder of Bhushan Power, has moved the National Company Law Appellate Tribunal against the NCLT’s order. As of May 18, the current assets of Bhushan Steel were INR 7,909 crore, while its current liabilities were R INR 2,742 crore. Therefore, the net current assets bagged by Tata Steel after the insolvency proceeding were INR 5,168 crore. In fact, Bhushan Steel had inventories of INR 4,219 crore and trade receivables of INR 1,288 crore when Tata Steel officially took over the company.

Tata Steel also inherited non-current assets, other than fixed assets of INR 2,028 crore and and non-current liabilities of INR 97 crore. In all, it got non-current assets of INR 1,931 crore. Thus, Bhushan Steel has gained INR 7,099 crore ever since Tata Steel placed a bid of INR 35,000 crore to acquire the insolvent asset.

Source : Business Line

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