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Arcelor Mittal « Terug naar discussie overzicht

Nieuws en info hier plaatsen (deel 4)

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voda 2 februari 2021 10:50

PT Krakatau Steel Ships HRC to Malaysia

ANTARA reported that Indonesia’s state owned steelmaker PT Krakatau Steel dispatched its first shipment of Hot Rolled Coil, Hot Rolled Plate and Hot Rolled Pickled and Oiled products to Malaysia. The shipment was sent from its Bandar Samudera Seaport in Cilegon in Banten Province in Indonesi. PT Krakatau Steel President Director Mr Silmy Karim said "The shipment of steel products in January this year has risen to 31,766 tonnes from 830 tonnes in January, 2020. This is a good start to improve our sales performance.”

Besides Malaysia, the company also plans to export its products to Australia, Italy and Spain

In 2020, Krakatau Steel recorded an export volume of 128,341 tonnes, or around 12 percent of its total sales volume, which stood at 1,603,732 tonnes. This year, the company has set a target of increasing its sales volume by up to 2,040,000 tonnes, 150 thousand tonnes of which are expected to be exported.

Source - Strategic Research Institute

voda 2 februari 2021 10:51

BDI Sees German Climate Neutrality Goal Achievable

The German industry is confident that the goal of achieving climate neutrality in Europe by 2050 is feasible. Influential lobby group Federation of German Industries BDI new head Siegfried Russwurm told the business daily Handelsblatt in an interview. "Claims that industry considers this goal unattainable are simply wrong. Other industry representatives he is in contact with all are in favour of tough climate targets that need technological innovations to be achieved. The focus the new US administration under President Joe Biden puts on climate action further shows that reducing emissions is not a European spleen.”

Mr Russwurm added that “There is a broad consensus and enormous economic potential behind low-carbon technologies. However, constantly announcing new targets by the EU would not be helpful, calling instead for detailed plans on how threatened European industries, for example steel production, could transition into a more climate friendly future without losing their competitiveness. "

Mr Russwurm said “Eternal financial support is no solution and neither is relocating production to countries where climate action isn't being taken as seriously yet. European companies would therefore need carbon leakage protection. The biggest energy transition challenge, however, would be to achieve a global scale-up of renewable energy installations, not least to produce the volumes of green hydrogen needed to decarbonise industry.”

Source - Strategic Research Institute

voda 2 februari 2021 10:51

Metso Outotec to Supply Iron Ore Pelletizing Plant in China

Metso Outotec has signed a contract with Beijing Shougang International Engineering Technology Co Ltd on the delivery of environmentally sound technology for an iron ore pelletizing plant to be built in Southwest China. The order value is not disclosed. Metso Outotec’s scope of delivery covers the engineering and design of the indurating system, engineering of the process gas fan system, supply of proprietary and key process equipment, instrumentation and control systems, as well as supervisory services and technical training. The core of the plant is Metso Outotec’s traveling grate pellet indurating furnace with a grate area of 432 square meters.

Pellet production at the plant is estimated to start by mid 2022. Metso Outotec’s traveling grate technology produces uniform pellets and ensures high performance and quality with low investment and operating costs, as well as low energy consumption and emissions.

Source - Strategic Research Institute

voda 2 februari 2021 10:52

Steel Dynamics Named Most Admired Companies by Fortune

Fortune named Steel Dynamics Inc one of the 2021 World's Most Admired Companies. Steel Dynamics ranked No 1 within the metals industry. Steel Dynamics Inc President and Chief Executive Officer Mr Mark D Millett said "We are honored by this recognition. Our recognition is testimony to the extraordinary passion and spirit of excellence exhibited by our teams. It is their drive, innovation, and dedication to each other that propels Steel Dynamics to the highest standard of operational and financial performance. I thank each of them, and remind them, that their health and safety is our number one value and first priority."

Steel Dynamics is one of the largest US steel producers and metals recyclers in the United States based on estimated annual steelmaking and metals recycling capability, with facilities located throughout the United States, and in Mexico. Steel Dynamics produces steel products, including hot roll, cold roll, and coated sheet steel, structural steel beams and shapes, rail, engineered special-bar-quality steel, cold finished steel, merchant bar products, specialty steel sections and steel joists and deck. In addition, the company produces liquid pig iron and processes and sells ferrous and nonferrous scrap.

According to Fortune, the World's Most Admired Companies annual list is a ranking of the world's most respected and reputable companies. FORTUNE's World's Most Admired Companies are determined by a survey that evaluates corporate reputation based on nine key attributes, including innovation, people management, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment value, quality of products and or services, and global competitiveness. Executives, directors and analysts identify the companies with the strongest reputations within their industries and across industries.

Source - Strategic Research Institute

voda 2 februari 2021 10:53

Worthington Industries Acquires General Tools & Instruments

Leading US industrial manufacturing company Worthington Industries Inc announced the acquisition of General Tools & Instruments Company LLC, a provider of over 1,200 feature rich, specialized tools with well-established brands and a nearly 100 year history. The purchase price was approximately USD 115 million, subject to closing adjustments, funded with existing cash. In calendar year 2020, General Tools generated net revenue of USD 68.2 million and adjusted EBITDA of USD 15.2 million. The tenured management team with expertise in managing a global supply chain will continue to run the business.

Founded in 1922, General Tools is headquartered in Secaucus in New Jersey with an additional location in Shanghai, China and employs approximately 60 people. The acquisition broadens Worthington’s consumer products brands in niche tools and outdoor living. General Tools’ brands include General, Garden-Weasel, Pactool International and Hawkeye and are focused in categories including environmental health & safety, precision measurement & layout, home repair & remodel, lawn & garden and specific purpose tools.

Source - Strategic Research Institute

voda 2 februari 2021 10:53

US Steel Production Capacity Utilization Recovers in Week 04

The American Iron and Steel Institute reported that for the week ending on January 30, 2021, domestic raw steel production was 1,725,000 net tons while the capability utilization rate was 76.1%. Production was 1,906,000 net tons in the week ending January 30, 2020 while the capability utilization then was 82.4 percent. The current week production represents a 9.5% decrease from the same period in the previous year. Production for the week ending January 30, 2021 is up 0.5% from the previous week ending January 23, 2021 when production was 1,717,000 net tons and the rate of capability utilization was 75.7 percent.

Adjusted year-to-date production through January 30, 2021 was 7,360,000 net tons, at a capability utilization rate of 75.9%. That is down 9.7 percent from the 8,149,000 net tons during the same period last year, when the capability utilization rate was 82.4%.

Broken down by districts, here’s production for the week ending January 30, 2021 in thousands of net tons: North East: 149; Great Lakes: 608; Midwest: 186; Southern: 710 and Western: 72 for a total of 1725.

Source - Strategic Research Institute

voda 2 februari 2021 10:56

GMS Market Commentary on Ship Breaking in Week 04

World's leading cash buyer of ships for recycling GMS said that “After a few rotten weeks of constant declines across sub continent markets, thankfully, last week appears to have brought with it a modicum of stability. Moving forward, the hope is that this will build a platform for market improvements, having recently lost about USD 50 /LDT on vessel prices. Fundamentals also appear to be pointing in the right direction and some encouraging gains on steel prices have been seen, especially in Bangladesh. Steel had tumbled off the back of mills refusing to buy product at the much higher prices seen during the surge at the start of the year. And after local elections in Chattogram last week, all eyes will be on whether local buying resumes at sensible and realistic levels once again in the coming weeks.”

GMS said “Much of the USD 50/LDT lost from steel prices has since recovered. As such, some of the lower levels on show do not jive with the current sentiment, as demand in Bangladesh also remains firm. Following a somewhat barren last few months with minimal sales of note and despite marginally weakening steel plate prices this week, Pakistani Buyer’s remains keen on new units, with demand and pricing building up in Gadani once again. Wrapping up the subcontinent markets is India, where this market has endured another negative and confusing week, losing further ground to their sub-continent competitors, as steel prices continue to prevaricate to an alarming degree locally. Finally, fundamentals in the Turkish market, like in India, have suffered another week of declines, with prices for vessel rolling back another USD 10/MT last week again.”

Source - Strategic Research Institute

voda 2 februari 2021 10:57

EVRAZ Reports YoY Flat Crude Steel Production in 2020

Russian steel maker EVRAZ consolidated crude steel production remained almost flat at 13.63 million tonnes down by 1.3% YoY, despite challenges created by the COVID-19 pandemic. EVRAZ’s crude steel production in Russia increased by 0.8% Yoy to 12.050 million tonnes. Turbulence in the oil and gas markets led to lower demand, resulting in 15% YoY decrease of production volumes at EVRAZ North America to 1.580 million tonnes.

Sales volumes of semi-finished products increased by 6.1% YoY to 6.183 million tonne, primarily due to a change in the product mix in favour of higher slab and billets sales to export destinations following a decrease in demand in Russia during the COVID-19 pandemic. Sale of finished steel shrank by 10% YoY to 6.879 million tonnes. The decline is mainly attributable to the sale of Palini e Bertoli in 2019, as well as lower tubular and flat-rolled products sales at EVRAZ North America, amid unfavourable market conditions caused by the COVID-19 pandemic.

Production of raw coking coal fell by 21.0% YoY, due to a halt in mining at the Razrez Raspadsky open pit from May to September 2020, the idling of the Mezhegeyugol mine from March 2020 and lower production volumes at the Raspadskaya mine due to challenging geological conditions.

External iron ore product sales rose by 52.7% YoY, primarily as a result of higher shipments to external markets amid lower consumption of pellets by EVRAZ NTMK during a major overhaul of blast furnace no.6, which was successfully launched in Q3 2020.

Sales of final vanadium products declined by 2.2% YoY, mainly due to reduced global FeV demand, following the imposition of COVID-19 restrictions (which were partially compensated by changing the regional sales and product mix to serve the more active Chinese oxide market during 2020).

Source - Strategic Research Institute

voda 2 februari 2021 10:57

Nucor Reports 11% Shrinkage in 2020 Revenue

Nucor Corporation has announced consolidated net earnings of USD 721.5 million for 2020 as compared with consolidated net earnings of USD 1.27 billion in 2019. Nucor's President and Chief Executive Officer Mr Leon Topalian said "Over the last 12 months, the Nucor team has demonstrated incredible resilience as we navigated macroeconomic headwinds and the challenging operating environment created by the COVID-19 pandemic. At the onset of the pandemic, we capitalized on the flexibility of our business model and strong demand for our products to gain market share across nearly our entire portfolio. Even as we worked hard to drive growth and value creation, the safety of our teammates and our commitment to customer relationships remained our top priorities. I am proud to report that 2020 was the safest year in Nucor's history."

For 2020, Nucor's consolidated net sales of USD 20.14 billion decreased 11% compared with consolidated net sales of USD 22.59 billion reported in 2019. Total tons shipped to outside customers in 2020 were 25,519,000 net tons, a decrease of 4% from 2019, while the average sales price per ton in 2020 decreased 7% from 2019.

Mr Topalian continued "We are extremely grateful to our more than 26,000 teammates whose hard work and dedication enabled us to achieve strong financial and operational results throughout the year. Looking ahead, we are confident that Nucor is poised for continued growth, and we anticipate earnings in the first quarter of 2021 to significantly increase from the fourth quarter of 2020. All of us at Nucor remain committed to delivering strong results for our stockholders and strengthening our position as the most profitable steel and steel products company in the world."

Source - Strategic Research Institute

voda 2 februari 2021 10:58

BlueScope Announces EBIT of AUD 530 Million

BlueScope announced that it expects preliminary unaudited underlying earnings before interest and tax for 1H FY2021 to be around AUD 530 million. This is above prior guidance of approximately AUD 475 milion. The results are subject to finalisation and external audit review. Managing Director and CEO Mark Vassdla said “All operating segments have performed well across the half. We have seen strong volumes and improving steel spreads in our largest steelmaking business in Australia and the US, along with strong earnings improvementsfrom our other businesses. The results are a continued demonstration of BlueScope’s operational leverage from our diverse portfolio of businesses and are a tribute to the efforts of our 14,000 people across all 18 countries.”

ASP delivered a substantially better preliminary result than 2H FY2020. Domestic construction and distribution segment demand has been strong, particularly for coated and painted products - leading to the strongest domestic mill sales wlumes in a decade, at about 1,175KT Steel spreads continued to strengthen towards the conclusion of the half, leading to a better than expected performance, including in preliminary net realisable

adjustments. The contribution from export coke remained elevated and exceeded 2H FY2020.

At North Star, spreads improved during the half from low levels. There was a significant increase in benchmark Midwest hot rolled coil prices, above raw material price rises, in recent months. Given usual pricing lags in the sales mix and foreign exchange translation, 1H FY2021 preliminary underlying EBIT was marginally lower than 2H FY2020.

The Building Products Asia & North America segment delivered a preliminary result approximately double that of 2H FY2020, with generally robust demand across its markets following interruptions in 2H FY2020 from COVID-19, favouurable seasonality and cyclical margin expansion due to steel feed costs. Margins and despatch volumes benefited the businesses incrementally since the update provided at the AGM.

At Buildings North America, consistent with previous comments, the core engineered buildings business delivered a better preliminary result than 2H FY2020. The contribution from BlueScope Properties exceeded last half including the approximately AUD 40 million additional contribution from the November property sale. This magnitude of contribution is not expected to be repeated in 2H FY2021.

As foreshadowed, New Zealand and Pacific Islands' performance improved substantialy on 2H FY2020, primarily due to a return to normal operations post-CCJVID-19 government mandated closure during 2H FY2020, very strong domestic demand particularly for coated and painted products and lower depreciation on the write-down impact. The segment has delivered a preliminary result exceeding AUD 55 million.

Source - Strategic Research Institute

voda 2 februari 2021 10:59

NLMK Russia Performance in 2020

Russian steel maker NLMK Russia Flat Prodducts steel output grew by 2% YoY to 12.3 million tonne in 2020 while sales in the segment increased by 7% YoY to 13.4 million tonnes as export sales of pig iron grew, along with hot-rolled steel sales on the Russian market. Sales of finished steel reached 6.1 million tonne up 5% YoY amid the completion of repairs at NLMK's Hot Strip Mill. Sales of semis to third parties went up by 27% YoY to 4.6 million tonne, driven mainly by higher export sales of pig iron. Sales of semis to NLMK Group and NBH companies totalled 2.7 million tonne down 12% YoY due to lower slab demand from NLMK's European companies and suspended slab supplies to NLMK USA. Steel product sales in Russia grew by 6% YoY to 4.9 million tonne, due mainly to sales of HRC increasing to 1.9 million tonne up 16% YoY and high value added product sales increasing to 2.3 million tonne up 5% YoY. Export sales went up by 8% YoY to 8.4 milion tonne due to higher pig iron sales.

Nlmk Russia Long Products steel output went down by 2% YoY to 2.8 million tonne as production decreased amid weaker Q2 2020 demand. Sales went down by 7% YoY to 2.6 million tonne due to lower demand for long products in 2020. The share of the Russian market was 66% (-4 p.p. yoy). Sales of long products in Russia went down by 12% YoY to 1.8 million tonne amid the COVID-19 pandemic. Export sales increased by 4% YoY to 0.9 million tonne due to higher billet sales to Turkey, China, and African markets. Scrap sales were up by 7% YoY to 4.6 million tonne, due mainly to stronger scrap demand from the Lipetsk site.

Source - Strategic Research Institute

voda 2 februari 2021 12:31

Crowdfunding voor Amsterdam aan Zee
12:20

Soms komen dingen samen. Zoals afgelopen week. Een nieuw rapport stelt dat de klimaattransitie waarschijnlijk meer geld gaat kosten dan nu geraamd. Ook werd duidelijk dat Tata Steel in IJmuiden geen duurzame toekomst heeft. De beoogde koper uit Zweden ziet geen kans de hoogovens op rendabele wijze te verduurzamen. Als de feiten er zo bij liggen, is de oplossing heel simpel: Tata Steel IJmuiden wordt Amsterdam aan Zee.

Met het afbreken van het hoogovencomplex in IJmuiden besparen we miljarden aan subsidie, die we dan kunnen inzetten voor de energietransitie. Alle maatschappelijke kosten die door een private partij niet worden betaald aan degenen die de kosten dragen (dat zijn wij allemaal) zijn subsidie. En Tata heeft nogal wat ‘voordeeltjes’: een veel lagere energiebelasting, nauwelijks tot geen belasting over de winst en een behoorlijke vrijstelling op de uitstootbelasting van CO2. Daar komen nog ‘gratis’ vervuiling en ‘gratis’ gezondheidsschade voor omwonenden bij.

Waarom subsidiëren wij Tata? Twee logische argumenten waren daar altijd voor: banen en het feit dat basismetaal altijd nodig is. Dus dan beter in deze relatief duurzame fabriek (goed voor 7% van de CO2-emissie in Nederland) dan in het buitenland, was de gedachte. Helaas dus niet duurzaam genoeg. Terwijl de kans op verdere verduurzaming altijd een belangrijke reden was om Tata Steel IJmuiden niet veel te belasten.

Maar nu is het klaar. Als een andere partij, met veel verstand van zaken, zegt dat het niet lukt om in IJmuiden op een duurzamere manier staal te maken, is dat argument niet meer valide. Dit worden dan heel dure banen voor een product dat elders ter wereld wel veel duurzamer geproduceerd kan worden.

‘Nu is het klaar. Een partij met veel verstand van zaken zegt dat het niet lukt om in IJmuiden op een duurzamere manier staal te maken’
Ik stel het volgende voor. Het terrein van Hoogovens overnemen van de huidige eigenaren. Ze willen er immers vanaf. En hoeveel kan stranded asset op vervuilde grond nog kosten? Om het maatschappelijk belang te benadrukken zouden we dat ook – à la Hemwegcentrale in Amsterdam – deels kunnen doen met crowdfunding: er zijn genoeg mensen bereid mee te betalen aan het opruimen van Hoogovens.

Laten we dit enorme terrein in de Randstad dan gebruiken voor woningbouw en recreatie. Iets waar we allemaal wat aan hebben. Zodat we de kwaliteit van leven verbeteren en het wonen aantrekkelijker maken. Een ambitieus verduurzamingsproject met een internationale uitstraling: Amsterdam aan de Noordzee. Dat komt Nederland als vestigingsland zeker ten goede en dus komen er vanzelf weer nieuw banen, ook voor voormalig Hoogovens-medewerkers.

Hans Stegeman is econoom en hoofdstrateeg bij Triodos Investment Management. Reageer via opinie@fd.nl

Originele link van het artikel: fd.nl/opinie/1372440/crowdfunding-voo...

voda 3 februari 2021 11:03

China Baowu Takes Over Kunming Steel in Yunnan Province

On February 1, Yunnan Province and China Baowu signed a cooperation agreement to promote the joint reorganization of China Baowu and Kungang. According to the agreement, 90% equity in Kunming Steel held by the State owned Assets Supervision and Administration Commission of the State Council of Yunnan Province will be transferred to Baowu Group for free, while it will continue to hold only the remaining 10% equity in Kunming Steel. Assets Supervision and Administration Commission of Yunnan Province has also authorized Baowu Group to manage Kunming Steel for at most 12 months as parties will try their best to complete the equity transfer in six months. The goal of this cooperation is to increase production efficiency and to give full play to synergies and economies of scale to build a leading steel company in the southwest region

Formed in 1939, Kunming Iron and Steel had about CNY 65 billion of assets as of last September. Its core asset, Kunming Iron and Steel Joint Stock, which can make 8.3 million tonnes of crude steel a year, is Yunnan’s largest steelmaker. Kunming Iron and Steel mainly produces and processes pig iron, steel billets, wire rod, steel bars, sections, plates and other downstream products. Kunming Iron & Steel Holdings also operates asset management, modern logistics, building materials wholesale, and other businesses.

Over the past two years, Shanghai based Baowu has acquired Masteel Group, Taiyuan Iron and Steel Group and Chongqing Iron and Steel. It has also managed Sinosteel Group under trust and integrated steel companies in the Xinjiang Uygur Autonomous Region. Baowu is now the world’s largest steel producer and is likely to boost its capacity to 150 million tonnes a year.

Source - Strategic Research Institute

voda 3 februari 2021 11:04

Rashtriya Ispat Nigam Limited Privatisation Approved

India’s Union Cabinet has approved privatisation of Vizag based state owned public sector Rashtriya Ispat Nigam Ltd, in which the government currently holds 100% stake. A government official said “While approving the strategic disinvestment of RINL a few days ago, the Cabinet delegated powers to the Alternative Mechanism headed by the Finance Minister to decide whether the subsidiaries of RINL will be part of the transaction, depending on the feedback from potential investors.”

RINL Subsidiaries

The Orissa Minerals Development Company Ltd

The Bisra Stone Lime Company Ltd

RINL JVs

RINMOIL Ferro Alloys Pvt Ltd

RINL Powergrid TLT Pvt Ltd

History of RINL - The decision to establish a Steel Plant at Visakhapatnam was announced in the Parliament in 1970 by the then Prime Minister Late Ms Indira Gandhi. The foundation stone for this massive project was laid in 1971. The Detailed Project Report was prepared in 1977. However, it was only in 1979 with the Government of erstwhile Soviet Union offering techno-economic cooperation, the cabinet approved the proposal for setting up of an integrated Steel Plant at Visakhapatnam. Following this, the comprehensive Revised Detailed Project Report was prepared adopting latest technologies available. However, the journey of Vizag Steel has not been very smooth. 22 long years between conception and commissioning resulted in an increase of project cost to over INR 8,500 crores. Visakhapatnam Steel Plant was initially set up with a rated capacity of 3.4 million tonnes of Hot Metal, 3.0 million tonnes of Liquid Steel and 2.7 million tonnes of Saleable Steel. RINL has completed the first phase of expansion to increase Hot Metal capacity to 6.5 million tonnes, Liquid Steel to 6.3 million tonnes & Saleable Steel to 5.7 million tonnes. RINL has started second phase of expansion to increase Liquid Steel capacity to 7.3 million tonnes by modernization & up gradation of existing iron & steel making units.

Source - Strategic Research Institute

voda 3 februari 2021 11:06

ArceorMittal Restarts BF 2 at Taranto Plant in Italy

Published on :
03 Feb, 2021 , 4:59 am

ArcelorMittal Italia announced that Blast furnace 2 of the Taranto steel plant was finally restarted on 1 February 2021, which had been the subject of a shutdown in March 2020 to allow for the execution of the adaptation activities to the requirements requested by the Court of Taranto.

With this, ArcelorMittals Taranto plant is back in production with a 3 Blast Furnaces AFO1, AFO2, AFO4 and the two steel mills. The current facilities would boost the company's crude steel output in to 5 million tonnes in 2021 from 3.4 million tonnes produced in 2020. However, as per media reports BF4 will be temporary idle in March 2021 for refurbishment and the overall hot metal production in 2021 could reduce

AM Italia blast furnace 5 with a production capacity of around 3.5 million tonnes was idled in 2015 while Blast furnace 3 with a capacity of around 2 million tonnes was idled in 1994 and is due to be dismantled.

Source - Strategic Research Institute

Bijlage:

voda 3 februari 2021 11:07

LIBERTY Steel Appoints Mr Moretti & Mr McGibbon for Europe

GFG Alliance’s LIBERTY Steel Group has strengthened its European management team with the appointment of Mr Renaud Moretti as CEO LIBERTY Downstream Synergies and Mr Colin McGibbon as CEO LIBERTY France. Both Mr Renaud and Mr Colin will report into Mr Roland Junck, LIBERTY Steel’s President for the UK & Europe.

Mr Renaud Moretti will be responsible for the overall management of the company’s downstream steel mills in Europe, which include the LIBERTY Magona plant in Italy and LIBERTY Liège-Dudelange’s three plants in Belgium and Luxemburg. Renaud will join LIBERTY in April. Mr Renaud has almost twenty years of experience within the steel industry and was most recently CEO of NLMK’s Europe Strip, the division which includes NLMK La Louviere, NLMK Strasbourg and the service centre NLMK Manage. Before moving to NLMK Europe, Mr Renaud worked in senior positions at the Galvanizing Line and Cold-Rolling Mill at the Corus, now Tata Steel, Myriad site at Maubeuge in France.

Mr Colin McGibbon will be responsible for the overall management of the company’s French GREENSTEEL businesses, LIBERTY Ascoval and LIBERTY Rail Hayange. Colin joined LIBERTY on 1st February 2021. Mr Colin has more than twenty years’ experience in the metals industry, most recently as the CEO of the SLN Nickel Company in New Caledonia. He also has a strong understanding of both our French steel and aluminium businesses having held senior roles at both our Dunkerque aluminium smelter, where he was General Manager for four years, and the Hayange plant where he worked for ten years, ending up as the plant’s Director.

Source - Strategic Research Institute

voda 3 februari 2021 11:08

Severstal Delivers Large Diameter Pipes to Bulgaria

Leading Russian steel maker Severstal has carried out a batch supply of large diameter pipes to Bulgaria. The supply was carried out within the framework of the Bulgartransgaz project for the construction of the Novaya Provadiya gas distribution compressor station, which is being carried out by the general contractor GLAVBOLGARSTROY AD. LDPs with an external three-layer polyethylene coating according to DIN 30670 from steel grade L450ME were produced at the Izhora Pipe Plant (ITZ, part of the Severstal Russian Steel division of PJSC Severstal), have a diameter of 1016 mm and a wall thickness of 15.9 mm and 19 mm, 1 mm.

The package delivery also includes large-diameter pipes, which Severstal handed over for execution to its partner Liberty Tubular Products Galati SA (Romania). This includes LDP with a diameter of 609.6 mm with a wall thickness of 12.7 mm, as well as a diameter of 508 mm with a wall thickness of 11.1 mm.

Delivery of large-diameter pipes made by the Izhora Pipe Plant located at the production site in the Kolpinsky District of St. Petersburg, as well as LDP from Romania, was carried out by road.

Source - Strategic Research Institute

voda 3 februari 2021 11:09

EC Approves Joint Control of llva by ArcelorMittal & Invitalla

The European Commission recently announced that it has approved the acquisition of joint control of AM InvestCo Italy, formally the tenant of the former llva plants, by ArcelorMittal and Italian state owned agency Invitalla. EC Antitrust gave its green light for Invitalia, Italy's agency for investment promotion and enterprise development, to form a public-private partnership for the former Ilva steel operations. EC said that the operation does not raise competition problems, given the absence of overlaps and vertical links between the activities of the companies in the European Economic Area.

Some good news for ArcelorMittal Italia arrived Jan. 29, as the

ArcelorMittal announced December 10 that it had signed a binding agreement with Invitalia for the public-private partnership. The agreement will result in a recapitalization of AM InvestCo, an ArcelorMittal subsidiary that signed the lease and obligation to purchase Ilva's business in 2018. According to the agreement signed last December, the Italian state will ass ume a 50% share In the management of the llva facilities through an Investment of EUR 400 million. During a second phase, starting from 2022, when Invitalla will Inject another EUR 680 million Into the company, the agency's stake will rise to 60%. ArcelorMittal will also invest up to EUR 70 million, to retain a 40% shareholding.

Source - Strategic Research Institute

voda 3 februari 2021 11:10

Mr Louwrens Appointed as CEO of NLMK Europe Strip

Leading Russian steel maker NLMK Group announced the appointment of Mr Cornelius Louwrens as CEO NLMK Europe Strip Products, which includes NLMK La Louvière, NLMK Strasbourg and NLMK Manage Service, all part of NLMK Belgium Holdings. Mr Renaud Moretti, who previously headed the Strip Division, has decided to leave the Group in April 2021.

Mr.Cornelius Louwrens has over 20 years’ experience in senior positions in some of the world’s leading steel companies. He graduated with a Mechanical Engineering degree from the University of Pretoria in South Africa in 1990. He holds degrees from the University of Stellenbosch in South Africa and Kellogg School of Management Northwestern University USA. Mr. Louwrens worked for Tata Steel, ArcelorMittal & Saldanha Steel. Previously Mr Cornelius held the position of CTO NLMK International.

Located in Belgium, NLMK La Louviere focuses on the production of hot and cold rolled coils for the automotive, construction, and engineering industries. The site production capacity will be enhanced to 2,200,000 tonnes of hot-rolled steel and 1,500,000 tonnes of pickled steel. NLMK Belgium Holdings comprises of production companies and service centres of the NLMK Europe Strip Division and two NLMK Europe Plate production companies NLMK Verona and NLMK Clabecq. NLMK Group and SOGEPA own a 49% stake of NBH each. The remaining 2% belong to THN, an NBH-affiliated company.

Source - Strategic Research Institute

voda 3 februari 2021 11:12

Metalloinvest Increases Output of Blast Furnace 2 at Ural Steel

Metalloinvest is increasing the output at its upgraded Blast Furnace 2 at Ural Steel to its planned capacity of 2,000 tonnes of pig iron per day. The modernised Blast Furnace 2 was commissioned on 30 December 2020, and its output is now systematically being raised to meet set technological production parameters. The maximum capacity of the new furnace is up to 760,000 tonnes of pig iron per year. Ural Steel Managing Director Mr Ildar Iskakov said “With Blast Furnace #2 operating at full capacity by the end of the year, we expect to increase the enterprise’s total iron output to 2.7 million tonnes, including up to 1.5 million tonnes of commercial iron. We are planning to begin the reconstruction of Blast Furnace 3 as early as this February.”

The main processing equipment supplier is Danieli Corus. The warranty period without costly overhauls is over 15 years.

Source - Strategic Research Institute

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