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Voestalpibe Bags Order for CRGO Electric Steel from ENERCON

Voestapaline’s Steel Division is supplying high-quality electrical steel to ENERCON for wind farms in Burgenland. ENERCON recently received an order

Voestapaline’s Steel Division is supplying high-quality electrical steel to ENERCON for wind farms in Burgenland. ENERCON recently received an order from energy supplier Burgenland to supply 51 wind turbines of different ENERCON types to seven wind farms in Burgenland. The Steel Division will supply 1000 tons of electrical steel to ENERCON for this order. Our electrical steel is used in the generators of wind turbines. Construction began last summer.

isovac is a brand name of voestalpine Stahl GmbH and stands for highly efficient electrical steel. isovacis a non-grain oriented electrical steel and stands for best electromagnetic properties and highest energy efficiency. The outstanding properties of our product have set new standards of performance and sustainability. High-quality electrical steel contributes substantially to increased energy efficiency, especially in the field of renewable energies.

ENERCON has been one of the world's leading manufacturers of wind turbines for more than 30 years and is a long-standing customer of the voestalpine Steel Division.

Strategic Research Institute
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JSW Steel Improves BPSL Offer as Indian Oulook is on Cloud9

Business Standard reported that JSW Steel has offered to make the upfront payment to lenders of Bhushan Power & Steel Limited to close more than a three-year corporate insolvency resolution process. Additionally, the offer is being upped by INR 400 crore to sweeten the deal. Lenders are yet to accept the proposal. BS Report quoted a source as saying that “The proposal was made last week and the payment will be made subject to a bank guarantee or indemnity bond from lenders, so that in case the Supreme Court invalidates JSW’s resolution plan, the settlement amount will be reversed.”

JSW Steel’s upfront payment to financial creditors was INR 19,350 crore; with this additional INR 400 crore, it would stand enhanced at INR 19,750 crore; admitted claims of financial creditors is INR 47,158 crore.

JSW’s readiness to pay is a change from an earlier stance. In June, after the Covid-19 pandemic, it had sought flexibility in payment schedule for its bid, but lenders had rejected the demand. Between then and now, however, the fortunes of the Indian steel industry have changed. The closure of BPSL would add about 3 million tonnes capacity to JSW Steel’s existing 18 million tonnes.

Strategic Research Institute
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Evarz Send 551 Layoff Notices to Regina Tubular Division Workers

Local media reported that 551 layoff notices were issued for EVRAZ Steel's tubular division in Regina, effective December 17th. Life Insurance, Accidental Death and Dismemberment, Employee Assistance Program and Health and Dental benefits, will continue until February 28, 2021. After that laid off workers would have to pay required premiums to retain benefits until the end of May.

Worker union president Mr Mike Day said “It is devastating, we were expecting a shorter list to come out as we were told from the company originally that this would happen one step at a time and would be eased into. Right now we are not sure how the company is playing this, they’ve told us they might cancel some layoffs but we don’t know how many.”

Evraz Regina makes pipelines for the oil and gas industry in Canada and is directly related to the oil and gas sector. In October EVRAZ issued a displacement memo that blamed economic conditions as a reason for potential workforce reductions.

www.iex.nl/Forum/Topic/1303314/Arcelo...
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ArcelorMittal France Starts Projects for Green Steel

ArcelorMittal unveiled at the beginning of November its latest projects to decarbonise its two steel sites in France in Dunkirk North and Fos-sur-Mer Bouches-du-Rhone, which each have two blast furnaces. Rather than a brutal conversion, ArcelorMitta chose to accumulate the technological bricks to move incrementally towards the production of zero carbon steel in 2050. In addition to recycling, which is gaining ground, two avenues are being explored to reduce the carbon footprint of steel. The first is the capture of CO2, which will be stored or recovered. The second is the direct reduction of the ore by a gas, natural and shale, as in the United States, or, better, green hydrogen produced by electrolysis of water thanks to to renewable electricity.

In Dunkirk, the steelmaker is considering three levers. The doubling of the tonnages of recycled steel should reduce its emissions by 8%. The green blast furnace, which will not be completely so, further lowers them by 17%. Based on the Igar pilot, it plans to replace coal with iron and steel gases, including a part of gray hydrogen, captured, purified and then reinjected into the blast furnace. The 3D project, DMX Demonstration in Dunkirk, which reduces emissions by 8%, captures carbon to store it in oil wells depleted in the North Sea and in the seabed of the Norwegian continental shelf (Northern Lights project), thanks to collaboration with Ifpen, Axens, Total and seven other partners. The pilot should start in 2021, before an industrial version planned for 2025. At this stage, the northern site will have reduced its carbon footprint by 33% by 2030.

In Fos-sur-Mer, Arcelor intends to multiply by ten the recycling of scrap metal by 2030, to reduce its emissions by 20%, which will cost it a pocket oven by 2024, then a pre-melting oven. This is the CarbHFlex project, unveiled on November 3 by ArcelorMittal Mediterranee, which could be deployed between 2021 and 2026. It is about"biologically converting carbon, into ethanol for fuels like in Ghent, Belgium, but also into isopropyl alcohol, acetone, a precursor of plexiglass, and other precursors of plastics

ArcelorMittal hopes to obtain European financing before the end of 2021.

Source - Strategic Research Institute
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German State Aid for SALCOS CO2 Free Steel Project of Salzgitter

Germany’s Federal Environment Minister Ms Svenja Schulze recently presented Salzgitter AG with the funding decision for the construction of the first iron ore direct reduction plant that can be operated flexibly with hydrogen and natural gas. With technology concept SALCOS, the Salzgitter Group in collaboration with partners from industry and research, the foundations for a Almost CO2 free steel production created. Central elements are electricity generated from renewable sources, which is used for the production of green hydrogen by means of electrolysis. In direct reduction plants, this replaces the carbon that is currently used in conventional blast furnace processes to extract iron from ores. The Salzgitter Group has already installed several wind turbines and hydrogen electrolysers.

The new direct reduction plant represents the next step in the realization of SALCOS. By 2050, the complete transformation from conventional to hydrogen-based steel production at Salzgitter AG is to be implemented in several stages. This can reduce the production of CO2 in steel production by up to 95%.

The contract for the construction of the DRI plant will be awarded soon; Production should start in the first half of 2022. Initially, the directly reduced iron is used in the blast furnace process to save injected coal and in the electric arc furnace at the Peine plant. As early as November 2020, green flat steel will be produced with less than 25% of the CO2 Footprint of products from conventional production in the network of the Peine and Salzgitter plants has been recorded.

Source - Strategic Research Institute
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China Steel & Iron Ore Import Export Trends in November 2020

General Administration of Customs announced that China's steel exports in November 2020 totalled 4.4 million tonnes, up 8.9% MoM but down 3.8% YoY. China’s steel exports in January-November 2020 totaled 48.8 million tonnes, down 18.1% YoY. China's steel exports may increase further in December with higher orders for HRC and wire rod etc. Most Chinese mills have started to offer February or even March 2021 shipments.

China's steel imports in November 2020 totalled 1.9 million tonne, up 4% MoM & 78% YoY. China’s steel imports January-November 2020 totalled 18.9 million tonnes, up by 74% YoY. China's imports of finished and semi-finished steel and metallics have surged this year to meet consumer demand

China’s iron ore imports in November 2020 totalled 98.2 million tonnes, down 8.1% MoM from 106.74 million tonnes in October 2020 but up 8.3% YoY. For the first 11 months of 2020, iron ore imports stood at 1.07 billion tonnes, up 10.9% YoY beating full year imports of 1.06 billion tonnes in 2019.

Source - Strategic Research Institute
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Big River Steel Commissions Expansion of Steel Mill

US steel producer Big River Steel has successfully commissioned the second construction stage of its steel plant in Osceola in Arkansas, supplied by SMS group. Also for the mill expansion, which doubles the mill’s annual production capacity to approximately three million tons of steel, SMS group supplied the mechanical equipment, the electrical and automation systems, and the digitalization technology. Now, with the second construction stage completed, Big River Steel operates two electric arc furnaces and two twin-ladle furnaces. The steelworks has also been equipped with a further gas cleaning system as part of the project. The CSP plant has seen the addition of a second casting strand, a second tunnel furnace and another downcoiler. Big River Steel’s CSP plant produces up to 1,930 millimeters wide coil, making it one of the widest CSP plants in the world.

SMS group’s Product Quality Analyzer system is a central element of the process automation implemented in the first phase and it is equally so in the automation of the newly added units and systems. PQA monitors, documents and assures quality along the complete production process down to the finished cold strip.

Most of the hot coil produced in the CSP plant is processed into high-grade cold strip in the downstream coupled pickling line & tandem cold mill. As part of the expansion, another coil preparation station was added to the entry end of the PLTCM, and the adjacent continuous galvanizing line received an additional downcoiler at the exit end. For all newly installed plants, SMS group supplied the mechanical equipment and the X-Pact electrical and automation systems, including level 3.

Since commissioning of the new mill in December 2016, Big River Steel has been producing high-quality steels, including tube grade sheet for pipeline construction, silicon steels for a wide range of uses in energy generation and electric motor manufacturing, and advanced high-strength steels for the US automotive industry.

Source - Strategic Research Institute
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US Steel Production Capacity Utilizaton Stable in Week 49

American Iron & Steel Institue announced that in the week ending on December 5, 2020, US’s domestic raw steel production was 1,579,000 net tons while the capability utilization rate was 71.4 percent. Production was 1,818,000 net tons in the week ending December 5, 2019 while the capability utilization then was 78.6 percent. The last week production represents a 13.1 percent decrease from the same period in the previous year. Production for the week ending December 5, 2020 is up 1.2 percent from the previous week ending November 28, 2020 when production was 1,561,000 net tons and the rate of capability utilization was 70.6 percent.

Adjusted year-to-date production through December 5, 2020 was 73,765,000 net tons, at a capability utilization rate of 67.2 percent. That is down 18.3 percent from the 90,264,000 net tons during the same period last year, when the capability utilization rate was 80.0 percent.

Broken down by districts, here’s production for the week ending December 5, 2020 in thousands of net tons: North East: 144; Great Lakes: 555; Midwest: 169; Southern: 641 and Western: 70 for a total of 1579.

Source - Strategic Research Institute
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A-Property Completes Elgaugol Consolidation

According to a report in Metal Expert, A-Property has completed the consolidation of a 100% stake in Eigaugol by exercising an option to buy in advance the rest of the asset shares from Gazprombank. The company will focus on Elgaugol’s development and substantial increase in its output. A-Property exercised an option in advance to buy a 49% stake in Elgaugol from Gazprombank. The transaction value reached RUB 45 billion.

Russian mining and metals company Mechel PAO had closed a deal on the sale of companies comprising Elga Coal Complex in March 2020. Mechel has sold its 51-percent of the shares of Elgaugol OOO, Elga-Doroga OOO and Mechel Trans Vostok OOO to A-Property OOO. The consideration amounted to 89 billion rubles, including the control premium. The buyer also fully settled Mechel's liabilities to the state development corporation VEB.RF, totaling 107 million US dollars.

Source - Strategic Research Institute
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Turkish Iromet to Expand LISCO Oxygen Plant

The Libyan Iron and Steel Company has signed an agreement with the Turkish Iromet Company to complete development work for the oxygen and compressed air plant. The company expects that the production rates of oxygen, nitrogen and argon gases would increase and this, in turn, would enhance the possibilities of increasing steel production.

The Libyan Iron and steel is is located on an area of 1,200 hectares near the town of Misrata, just 210 kilometres to the east of the city of Tripoli with design capacity of the company's 1.324 million tonnes of liquid steel per annum adopting direct reduction of iron pellets using domestic natural gas. LISCO has bar & rod mills, light & medium section mill, hot strip mill, cold strip mill, galvanizing line & coating line.

Source - Strategic Research Institute
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GMS Market Commentary on Ship Breaking in Week 49 - Surging Back

The dissolution of the cartel has seen prices shoot up in Bangladesh over past week, perhaps to an irrational and somewhat speculative degree, as local levels cooled off towards the end of the week, in conjunction with declining local steel plate prices. Notwithstanding, Chattogram remains the top priced market in the industry and several larger LDT VLOC sales have taken place here to take the total number sold for recycling for the year to 27 of which, GMS has negotiated 18. As prices soar past USD 400/LDT, GMS has seen a marked increase in the number of Ship Owners who are re-introducing their respective candidates for a recycling sale, as charter rates in certain sectors remain comparatively muted and recycling increasingly becomes the more viable option for aging assets again.

Overall, demand and pricing remains healthy in Bangladesh and despite the customary volatility and constantly wavering steel prices, there is little doubt that this will be the market to watch for over the next few months, heading into 2021. The cartel had subdued levels to such an extent that over the second and third quarters of the year, a majority of the market tonnage went either to India, or a rampant Pakistan, but that is all set to change now as it is business as usual in Chattogram once again. Therefore, expect a busy end to the year in the sub-continent recycling destinations, especially as supply picks up and activity ramps into higher gear, following a far more subdued few months post-summer.

Source - Strategic Research Institute
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Metalloinvest Lebedinsky GOK Testing Exoskeletons

Metalloinvest’s Lebedinsky GOK has tested industrial exoskeletons developed by the South-West State University in Kursk. The project is being implemented jointly with specialists from the Metalloinvest Innovation Laboratory. The technical novelty was tested in real production conditions on equipment undergoing repairs at the pelletising unit. On a daily basis, specialists from the repair services load 24 rollers onto blast furnace trolleys, with each roller weighing between 47 and 58 kilograms. Almost 100 trolleys are serviced per month, and the total weight of the manually moved cargo reaches 120 tonnes. The exoskeleton, which takes on 90% of the weight lifted, will make it possible to significantly ease work and reduce the likelihood of physical trauma on the spine and legs.

Two exoskeleton models were engaged in the tests. The soft exoskeleton ExoHeaver LOWEBACKER helps move loads weighing up to 30 kg and can be used for lifting, storage and transport work. The heavier, more complex ExoHeaver Active Electric is designed to handle loads of up to 60 kg. The exoskeleton has its own power supply system and is controlled by an electromechanical module.

The industrial exoskeletons serve to facilitate and simplify heavy physical activity. They increase the strength of human muscles and expand the range of movements with the outer frame and drive parts of the exoskeleton, which results in a manifold increase in the efficiency of work performed.

Source - Strategic Research Institute
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US Steel to Conduct Annual Emergency Equipment Test at Clairton

Pittsburgh Post Gazette reported that US Steel Corp will conduct a test of emergency equipment Tuesday at Mon Valley Works, its facility in Clairton. The annual test, which is usually conducted in November or December, involves a simulated emergency and evacuation, and includes use of emergency notification devices that can be heard in areas around the coke works, located about 20 miles south of Pittsburgh along the Monongahela River. The test, scheduled to take place from 9 AM to 2 PM, will involve sirens, lights and loud speakers that will be heard in the surrounding areas. Each emergency system will be activated one area at a time, with five distinct areas to be tested. No employee evacuations will occur and no local emergency responders will be present. The full test could take up to six hours to complete.

This annual test is performed to ensure that the plant’s emergency systems function properly, thus aiding efforts to protect the safety of our employees and the surrounding communities in the event of an actual emergency.

Source - Strategic Research Institute
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Tata Steel investeert €300 mln extra in milieumaatregelen

Tata Steel Nederland (TSN) neemt extra maatregelen om stof- en geuroverlast te verminderen. Hiervoor investeert de IJmuidense staalfabriek €300 mln. Met de projecten wordt in overleg met de provincie Noord-Holland onmiddellijk gestart.

Dat heeft het staalconcern dinsdagmorgen meegedeeld. Het pakket bestaat uit zowel nieuwe maatregelen als de versnelde uitrol van eerdere milieuprojecten. De voormalige Hoogovens presenteerden vorig jaar juni al plannen om de leefomgeving van de fabriek te verbeteren.

Grafietregens
Bewoners uit naastgelegen plaatsen Beverwijk en Wijk aan Zee zijn ongerust over de zogenaamde grafietregens, waarbij glinsterende stofdeeltjes achterblijven op huizen, tuinen en auto's. De toen aangekondigde maatregelen moeten de overlast van geluid, licht, geur, stof en de uitstoot van stikstof beperken.

Dinsdag kondigde TSN aan dat er nu maatregelen worden genomen die verdergaan dan de wet voorschrijft. Belangrijke pijler onder de milieuprojecten is de realisatie van een zogeheten DeNOx-installatie van €150 mln. Hierdoor zal de uitstoot van stikstof (NOx) door het staalconcern 'drastisch verminderen en worden enorme milieuvoordelen behaald'.

Openbaar Ministerie
TSN zegt verder met de provincie te overleggen over de aanpak, zodat alle voordelen van minder stikstofuitstoot binnen en buiten het terrein van de fabriek in IJmuiden 'optimaal' worden benut. Ook andere delen van Nederland zullen van deze aanpak profiteren, aldus het staalconcern.

Eind oktober werd bekend dat het Openbaar Ministerie Harsco HSC$19,15+0,10% strafrechtelijk vervolgt wegens de grafietregens. Het Amerikaanse bedrijf, dat ruwijzerafval verwerkt op het terrein van Tata Steel in IJmuiden, stootte tussen de zomer van 2018 en het voorjaar van 2019 verboden zware metalen uit zoals lood en mangaan.

fd.nl/ondernemen/1366824/tata-steel-i...
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ArcelorMittal rondt verkoop Amerikaanse dochter af

FONDS KOERS VERSCHIL VERSCHIL % BEURS
ArcelorMittal
17,522 0,304 1,77 % Euronext Amsterdam

(ABM FN-Dow Jones) ArcelorMittal heeft de verkoop van haar Amerikaanse dochterbedrijf aan Cleveland-Cliffs afgerond. Dit bleek woensdag uit een persbericht van het staalbedrijf.

Arcelor ontvangt 505 miljoen dollar in contanten en 78 miljoen aandelen Cleveland-Cliffs. Ook ontving Arcelor preferente aandelen zonder stemrecht.

De dag voor de transactie werd aangekondigd in september noteerde het aandeel Cleveland-Cliffs op 5,88 dollar. Dinsdag was dit 13,04 dollar.

Door: ABM Financial News.
info@abmfn.nl
Redactie: +31(0)20 26 28 999

© Copyright ABM Financial News B.V. All rights reserved.
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Beursblik: Jefferies haalt Aperam van kooplijst

FONDS KOERS VERSCHIL VERSCHIL % BEURS
Aperam
32,96 0,00 0,00 % Euronext Amsterdam

(ABM FN-Dow Jones) Jefferies heeft donderdag het advies voor Aperam verlaagd van Kopen naar Houden, maar stelde het koersdoel wel opwaarts bij van 30,00 naar 32,00 euro. Dit zei analist Alan Pence tegen ABM Financial News.

Het aandeel Aperam sloot woensdag op 32,96 euro.

Pence besloot de taxaties voor Aperam te verlagen vanwege zijn verwachtingen voor de prijzen voor roestvast staal.

Inmiddels is het aandeel in de ogen van de analist correct gewaardeerd.

Door: ABM Financial News.
info@abmfn.nl
Redactie: +31(0)20 26 28 999

© Copyright ABM Financial News B.V. All rights reserved.
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Beursblik: Bank of America verhoogt koersdoel ArcelorMittal stevig

FONDS KOERS VERSCHIL VERSCHIL % BEURS
ArcelorMittal
17,552 0,196 1,13 % Euronext Amsterdam

(ABM FN-Dow Jones) Bank of America heeft donderdag het koersdoel voor ArcelorMittal verhoogd van 20,00 naar 28,00 euro met een onveranderde koopaanbeveling.

De analisten van de Amerikaanse bank verhoogden hun taxaties voor de Europese staalprijzen voor 2021. Op basis hiervan werd de verwachting voor de EBITDA van ArcelorMittal in 2021 ook met 29 procent verhoogd tot 7,6 miljard dollar. "De consensus is te laag", concludeerden de analisten.

Bank of America voegde ArcelorMittal ook toe aan zijn favorietenlijst. De staalreus torst minder schulden met zich mee en is na een afslankoperatie winstgevender, aldus de analisten.

Het aandeel ArcelorMittal steeg donderdag 0,8 procent naar 17,49 euro.

Door: ABM Financial News.
info@abmfn.nl
Redactie: +31(0)20 26 28 999

© Copyright ABM Financial News B.V. All rights reserved.
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SNCF Reseau Green Rails from LIBERTY France

LIBERTY Steel Group French subsidiary LIBERTY France and SNCF Reseau announced the safe and rapid approval for the deployment of Europe’s first GREENSTEEL rails on the French rail network. This significant step demonstrates SNCF Reseau’s contribution to the establishment of a French green rail industrial sector to fully integrate the country’s railway infrastructure into a circular economy. The approval also marks the first step in achieving LIBERTY’s ambition for the recently-acquired LIBERTY Ascoval and LIBERTY Rail Hayange, previously France Rail Industry, which is to build a world class GREENSTEEL rail and rail services business with international reach.

The key focus for LIBERTY’s acquisition was to connect Ascoval with the Hayange rail mill so that together they become the leader in the provision of GREENSTEEL rails. This circular economy concept would see LIBERTY Ascoval melting recycled scrap steel, including recovered scrap rail from Hayange’s customers, in its electric arc furnace to produce large rectangular GREENSTEEL blooms which could then be rolled into rails at LIBERTY Rail Hayange.

This innovation was achieved shortly after the acquisition of LIBERTY Ascoval when it’s new modified caster line cast its first square billet. The EUR 17 million modifications, which were delivered on time and to budget despite COVID-19 complications, meant the high quality steelmaking equipment at Ascoval could be deployed to produce a new range of cross-sections, including blooms and billets, suitable for rolling into rails and other steel products in new markets. Due to these new products and a range of new customers, Ascoval is now running at higher capacity, with the strong prospect of adding more jobs in early 2021 as the plant expands its production.

The rail production specialists at Hayange worked closely with those from SNCF Reseau to manufacture a range of GREENSTEEL rails which will be used across the French railway network. This new production process reduces CO2 emissions by 90% with the traditional processes used in Europe for the production of rail steels. This environmental performance is mainly made possible by the use of the electric arc process, rather than the use of traditional blast furnaces. The manufacturing method of GREENSTEEL rails emits 180 kg of CO2 per tonne of steel compared to 1.8 tonnes of CO2 per tonne of steel using conventional blast furnaces. The goal is to make the rails completely carbon neutral by 2030, in line with the GFG Alliance’s mission to achieve carbon neutrality by 2030.

SNCF Reseau has carried out a comprehensive range of homologation tests on this new range of rails as well as a full audit of the LIBERTY Ascoval site. Once that homologation testing and audit work was completed, SNCF Reseau approved the use of the new GREENSTEEL rails across its French network. LIBERTY now expects to start developing a sustainable GREENSTEEL rail market, initially in France and then more widely across Europe, as rail operators make the transition to carbon neutral networks.

Source - Strategic Research Institute
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Minister Calls for Operationalization of Iron Ore Mines in Odisha

India’s Steel Minister Mr Dharmendra Pradhan held a virtual meeting with Odisha Chief Minister Mr Naveen Patnaik and Minister of Mines & Coal Mr Pralhad Joshi. Discussions centred on resolving the issues regarding operationalization of the auctioned iron ore mines in Odisha where production and dispatch has still not commenced. The lease of these mines had lapsed on 31st March, 2020, pursuant to which fresh auction was carried out. Mr Pradhan emphasised on the need of an early resolution in this regard by the Ministry of Mines so that seamless availability of raw material to the end user is ensured. This would result in reducing the price of iron ore which has gone up substantially in the last one month due to adverse market sentiments, emanating primarily from reduced supply of iron ore in Odisha from the recently auctioned mines.

As against a production of 123.8 million tonnes iron ore in Odisha from January - November 2019, total production in the same period in current year has been only 98.2 million tonne. Out of the recently auctioned 24 mines in Odisha, only 5 have been able to start production and dispatch till date. This is the main reason for shortfall in iron ore supply in the country.

Odisha holds immense importance for the Indian steel industry with a major share of raw material reserves and steel production capacity. Early operationalization of iron ore mines will not ensure raw material security for the steel industry.

Source - Strategic Research Institute
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Nippon Steel Transfers Interests in l/N Tek & l/N Kote to AM

On December 9, ArcelorMittal SA announced the closing of the sale of ArcelorMittal USA Holdings II, a holding company of AM’s businesses in the United States to Cleveland-Cliffs Inc, as disclosed on September 28, 2020. Since the sale of AMUSA includes sale of AM’s partnership interests in l/N Tek NSC:40% & AM:60% and l/N Kote NSC:50%, AM:50% joint ventures between Nippon Steel Corporation and AM, NSC completed the transfer of NSC’s partnership interests in the joint ventures to AM on December 9 by exercising a put option pursuant to the joint venture agreements.

l/N Tek and l/N Kote have been manufacturing bases for high grade automotive steel sheets for Japanese automotive customers in the United States. After the transfer, NSC intends to concentrate its resources on AM/NS Calvert, which has one of the most distinguished equipment capabilities in the United States, and to further strengthen its supply capability of full range of products including the state of the art steel products in the North America.

Outline of l/N Tek

Location: New Carlisle, Indiana, United States

Business: Manufacture of cold-rolled steel sheets

Partnership Interest: NSC 40%, AM 60%

Major facilities: 1CDCM (1.54 million metric tons/year), 1 CAPL (1.09 million metric tons/year)

Outline of l/N Kote

Location: New Carlisle, Indiana, United States

Business: Manufacture and sale of hot-dip galvanized and electro-galvanized steel sheets

Partnership Interest: NSC 50%, AM 50%

Major facilities: 1 CGL(0.45 million metric tons/year), 1 EGL(0.41 million metric tons/year)

Outline of AM/NS Calvert

Location: Calvert, Alabama, United States

Business: Manufacture and sale of hot-rolled, cold-rolled, and coated steel sheets

Partnership Interest: NSC 50%, AM 50%

Major facilities: 1 HSM (5.3 million metric tons/year), 1 PLTCM (2.5 million metric tons/year), 1 CAL (0.6 million metric tons/year), 3 CGLs (approx. 1.4 million metric tons/year)

Source - Strategic Research Institute
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