Home
- Belegger.nl: steun en toeverlaat voor beleggers. Bekijk de beurskoersen, de laatste stand van de AEX en lees het nieuws, de columns en de adviezen.
Koersen
- Aandelen
- Indices
- Valutas
- Rentes
- Commodities
- Certificaten
- Opties
- Futures
- Beleggingsfondsen
- Trackers
- Obligaties
- Hefboomproducten
Nieuws
Forum
Analyse & advies
Thema's
- Beurstips en handelskansen
- Fondsen & ETF's

Beurscodes, betekenis en hulp bij zoeken

Europa

AEX: Euronext Amsterdam
BRU: Euronext Brussels
PSE: Euronext Paris
LIS: Euronext Lissabon
CHX: CBOE Europe, grote(re) EU aandelen
NAV: Investment Funds (NAV)

Noord-Amerika

NYS: New York Stock Exchange
OTC: CBOE BZX Exchange (US)
TSE: Toronto Stock Exchange

Kunt u een instrument niet vinden?

Zoek dan via de zogenaamde ISIN code. Elk instrument, aandeel etc. heeft een unieke code.

Kies vervolgens - wanneer er meerdere resultaten zijn - de notering op de beurs van uw keuze.

Waar vind ik die ISIN code?

Google de naam van het instrument, aandeel etc. met de toevoeging 'ISIN'.

Als zoeken op ISIN code geen resultaten oplevert hebben wij het instrument of aandeel niet in onze koersendatabase.

Market Monitor

Arcelor Mittal « Terug naar discussie overzicht

Nieuws en info hier plaatsen (deel 4)

35.173 Posts, Pagina: « 1 2 3 4 5 6 ... 1339 1340 1341 1342 1343 1344 1345 1346 1347 1348 1349 ... 1755 1756 1757 1758 1759 » | Laatste

Omlaag ↓

voda 25 juni 2021 07:44

Vardhman Special Steel Gets Nod for Expansion of Ludhiana Unit

Vardhman Special Steels Limited informed the exchanges that the Ministry of Environment granted the long-awaited environmental clearance for the expansion of capacity at its existing plant in Ludhiana. It’s current rolling capacity of 200,000 tonnes per annum and would be increased to 250,000 tonnes initially.

Vardhman Special Steels Limited is among India’s leading producers of special steels, catering to diverse sectors of automotive, engineering, tractor, bearing & allied industries. The company also takes care of steel requirements of select customers for forging applications in the international markets of Thailand, Taiwan, Turkey, Italy, Russia, Germany, Vietnam and Japan.

Source - Strategic Research Institute

voda 25 juni 2021 07:44

Mechel Commissions First Stage of Wire Drawing Unit at Beloretsk

Leading Russian mining and metallurgical company Mechel Group has announced the launch of four drawing mills at the Beloretsk Iron and Steel Works for the production of import substitution wire. Equipment worth 220 million rubles was purchased as part of a project to modernize the steel wire and rope production of BMK. This is the first batch of equipment put into operation; a total of 12 mills will be installed under the project.

BMK began implementation of an investment project for the modernization of steel wire rope production in 2016. Its cost is 1.5 billion rubles, of which 750 million rubles concessional loan from the Industrial is Development Fund of the Russian Federation. The project is scheduled for completion in 2023. It provides for a large-scale technical re-equipment of steel wire workshops with the installation of new drawing machines and auxiliary equipment, as well as the reconstruction of water circulation cycles and the installation of a new wastewater treatment plant for steel wire rope production.

All new lines are equipped with a mechanical system for descaling wire rod (wire blanks). This will make it possible to abandon the chemical method of processing its surface and to gradually close the pickling departments in a number of steel wire shops of the plant.

The new wire drawing machines will be used to produce low-carbon and high-carbon wire (billets for rope and spring wire). The total productivity of the four mills will be up to 50 thousand tons of products per year.

Source - Strategic Research Institute

voda 25 juni 2021 07:45

MOIL Gets Clearance for Gumgaon & Khodegaon Manganese Mines

India’s state owned manganese ore miner MOIL Limited has got clearance from Ministry for Environment, Forests, and Climate Change for a grant of environmental clearance of 1.02 lakh tonnes per annum, including mineral rejects of 0.05 lakh tonnes per annum. Maharashtra Government had reserved an area of 814.71 HA in favour of MOIL for prospecting of manganese ore in Gumgaon in Nagpur and Khodegaon in Bhandara districts. After exploration and requisite clearances, application for environment clearance was submitted in respect of 126.84 HA area, which is adjacent to MOIL’s Gumgaon mine.

MOIL said “As the resources identified are available at a depth of more than 200 meters from the surface, underground mining will have to be resorted to. In view of this, MOIL is going ahead with purchase of land for the mine and getting other statutory clearances. In the meantime, steps for sinking of a new shaft shall be taken. This will be a new mine, 12th mine of the Company and the first new underground mine since inception.”

Source - Strategic Research Institute

voda 25 juni 2021 07:46

China Lodges Complaint with WTO against Australia for Rail Wheels

ABC reported that China has lodged a complaint with the World Trade Organization, accusing Australia of anti-competitive behaviour against its exports of railway wheels, stainless-steel sinks and wind towers. Australia’s Trade Minister Mr Dan Tehan said "Obviously China has the right to take this action, but we will vigorously defend the duties that we have put in place.”

Mr Tehan added “Only the Chinese government could answer whether it was retaliation but the normal diplomatic convention of providing advance notice had not been followed. We say all the time that we want to sit down and work through these disputes. There may be things we can’t agree to, but the best thing is dialogue.”

Australia’s Finance Minister Mr Simon Birmingham is confident Australia’s anti-dumping regime will stand up in the case which could take between two to four years. He told ABC radio “I’d call it more petty than provocative, to be honest. We don’t think China will find it has any sort of strong case in the action it is taking.”

Two of the measures which were put in place were put in place in 2014 and 2015, with regards to wind towers and stainless-steel sinks. The other measure was put in place in 2019, and that was the railway wheels

The move came after Australia complained to the WTO about punitive wine tariffs which have smashed Australian producers and exports.

Source - Strategic Research Institute

voda 25 juni 2021 07:47

Alro Steel Announces Passing of Vice Chairman Mr Barry Glick

Michigan United States headquartered Alro Steel announced that our Vice Chairman Mr Barry Glick has passed away on June 21st in Boca Raton in Florida at age 70. Mr Barry began his career with Alro in 1977 and has served as Vice Chairman for 27 years. Mr Barry leaves behind his wife Debby, two children, and two grandchildren. Alro Steel CEO and Chairman Mr Al Glick said “It is with a heavy heart that I share that Barry, my nephew and Vice Chairman of Alro, passed away yesterday after battling a long-term illness. He means so much to our family and company, and he will be truly missed. Barry exemplifies one of my favorite sayings: It’s amazing what you can accomplish when you don’t care who gets the credit.”

Alro Steel was founded in 1948 by brothers Al and Robert Glick. The company is a distributor of metals, industrial supplies, and engineering plastics. Alro is focused on offering cut-to-size metals and plastics with next day delivery to over 25,000 customers in North America. Alro operates over 70 locations in 12 states and provides a broad inventory of products under the following companies: Alro Steel, Alro Metals, Alro Metals Outlet, Alro Industrial Supply, and Alro Plastics.

Michigan United States headquartered Alro Steel announced that our Vice Chairman Mr Barry Glick has passed away on June 21st in Boca Raton in Florida at age 70. Mr Barry began his career with Alro in 1977 and has served as Vice Chairman for 27 years. Mr Barry leaves behind his wife Debby, two children, and two grandchildren. Alro Steel CEO and Chairman Mr Al Glick said “It is with a heavy heart that I share that Barry, my nephew and Vice Chairman of Alro, passed away yesterday after battling a long-term illness. He means so much to our family and company, and he will be truly missed. Barry exemplifies one of my favorite sayings: It’s amazing what you can accomplish when you don’t care who gets the credit.”

Alro Steel was founded in 1948 by brothers Al and Robert Glick. The company is a distributor of metals, industrial supplies, and engineering plastics. Alro is focused on offering cut-to-size metals and plastics with next day delivery to over 25,000 customers in North America. Alro operates over 70 locations in 12 states and provides a broad inventory of products under the following companies: Alro Steel, Alro Metals, Alro Metals Outlet, Alro Industrial Supply, and Alro Plastics.

voda 25 juni 2021 07:48

Site Preparation Resumed at Wenan Steel Project in Malaysia

The Borneo Post reported that 10 million tonnes per annum Wenan Steel project at Samalaju Industrial Park in Bintulu in Malaysia is now at its site preparation stage. Malaysian Ministry of International Trade and Industry, Industrial Terminal and Entrepreneur Development said “The site preparation works on 700 acres of land for Phase 1 of this project is expected to be completed by April 2022 and the construction of the factory will commence thereafter. MYR 13.8 billion Wenan Steel targets to commence operation by end of 2024. When completed, the steel plant will be one of the major steel producers in the region.”

Due to the pandemic and the Movement Control Order, the project was facing some delay in its implementation.

The Wenan steel project is a large-scale modern comprehensive steel enterprise led by Hebei Xinwu'an Iron and Steel Group and MCC plans to jointly fund the construction. The project site is located in Samararu Industrial Park, Sarawak, Malaysia, covering an area of 8 square kilometers. As the EPC general contractor of this project, China Metallurgical Group plans to adopt overall planning and phased implementation, and finally achieve a steel production scale of 10 million tonnes. The first phase of the project has a total investment of 13 billion ringgit, and will start a 5 million tonnes production line, the main products are hot coils and sheets.

Source - Strategic Research Institute

voda 25 juni 2021 07:48

EUROFER Update on Green Steel Initiatives in 2020

Eurofer’s Senior Manager Chemicals, Water & Sustainability Ms Leondina Della Pietra and General Manager Stainless Steel Health & Environment Mr Hans Regtuit have summarized various initiatives for Green Steel in Europe in 2020 for 2020 in EUROFER’s Annual Report. They wrote “The EUROFER secretariat identified that many dossiers at the European Commission and several Commission Communications mentioned the term green steel or low carbon steel or clean-steel. However, a coherent and harmonised definition of what they mean was totally absent. Moreover, the on-going de-carbonisation strategies put in place by EU steel producers are already resulting in the delivery of batches of steel that have substantially lower CO2 footprints. So this lack of a definition has relevance already. Finally, the action by the European Commission on sustainable products policy means a focus on ‘high impact intermediary products such as steel, cement and chemicals’.

Given these market and policy developments, the EUROFER secretariat launched a specific project to try to come to a common view on what is meant by ‘Green Steel’ or ‘Low- Carbon Steel’, and established a dedicated task force. The objectives of the project are, at the moment, twofold:

1. To define a sound methodology for demonstrating how a company steel production substantially contributes to the reduction of CO2 emissions of its steel products

2. To a have ‘green steel’ definition to be recognised by end customers, consumers and product regulations as qualifying for preferential market access and helping all steel consuming sectors to reduce their carbon footprint

The EUROFER secretariat worked on the definition in 2020 and will continue to do so in order to issue a sound and credible definition. The project entails technological, secretariat launched a specific project to try to come to a common view on what is meant by ‘Green Steel’ or Low-Carbon Steel.“

The Chemicals Strategy for Sustainability is part of the EU Zero-Pollution Ambition for a toxic-free environment under the Green Deal, besides the Zero Pollution Action Plan for air, water and soil and the review of the measures to address the pollution from large scale industrial installations. The strategy was published on 14 October 2020, together with seven accompanying documents and an action plan which establishes a timeline and a summary of the initiatives to be implemented between 2021-2024 through a mix of regulatory and non-regulatory acts.

EUROFER will closely follow this important topic and is already working with other associations (REACH Alliance, Eurometaux, Nickel Institute) on some urgent concerns. These include the ‘Essential Use Concept’ issue. EUROFER and the Nickel Institute have initiated a coalition with other 23 associations to call for a targeted application of the EUC (not automatically linked to the hazard classification) and its scope of applicability. To this end, in addition to discussions and industry input to the Competent Authorities for REACH and CLP (CARACAL) meetings, the European Commission will organise a Workshop in the upcoming months. Stakeholders will be invited to attend.

Another important concern is the REACH and CLP revision process, which will begin soon with an Inception Impact Assessment (Roadmap) in the first quarter of 2021. As these revisions concern the Restriction and Authorisation processes, this topic will be discussed with ECHA first and then brought to CARACAL. Industry’s concern is that this revision appears to go beyond the Chemical Strategy for Sustainability, something confirmed by the European Commission. In submitting the notifications, in particular for complex processes. EUROFER is actively involved in all discussions on this topic in groups at European level and is updating our members constantly.

Source - Strategic Research Institute

voda 25 juni 2021 07:49

AI Helps Design High Performance Steel at Pacific Northwest Lab

Over time, steel has gradually improved through a trial and error experimental approach, but it is inefficient, time consuming and costly. It is important to accelerate the development of new materials with excellent properties. Machine learning technology has contributed to advances in science and technology, from healthcare to high energy physics. Machine learning is now ready to help accelerate the development of stronger alloys, especially stainless steel. Pacific Northwest National Laboratory postdoctoral fellow Dr Ottoman Mamun is the lead author of two recent related journal articles revealing new strategies for machine learning applications in advanced alloy design. The article records the results of a joint effort between Pacific Northwest National Laboratory and the National Institute of Energy Technology. The Pacific Northwest National Laboratory National Institute of Energy Technology collaboration focused on two material types. Austenitic stainless steels are widely used in plants due to their excellent strength and corrosion resistance, but they have a limited service life at high temperatures. Ferrite-martensite steels with a chromium range of 9-12% also offer strength benefits, but can be prone to oxidation and corrosion.

According to Dr Mamun, recent advances in computational modeling and machine learning have become important new tools for achieving better materials faster. This white paper describes the team’s efforts to enhance and analyze stainless steel datasets provided by National Institute of Energy Technology team members with three different algorithms. The ultimate goal was to build an accurate forecast model about the breaking strength of two types of alloys. The team concluded that an algorithm known as the Gradient Boosted Decision Tree best meets the need to build machine learning models to accurately predict fracture strength. In addition, researchers argue that integrating the resulting model into existing alloy design strategies can speed up the identification of promising stainless steels with excellent properties for dealing with stress and strain.

The application of machine learning by the Pacific Northwest National Laboratory National Institute of Energy Technology research team is explained in “Machine learning support interpretable model for predicting fracture strength of Fe-based martensite and austenite alloys” published on March 9. Abstract “The Larson–Miller parameter offers an efficient and fast scheme to estimate the creep rupture life of alloy materials for high-temperature applications; however, poor generalizability and dependence on the constant C often result in sub-optimal performance. In this work, we show that the direct rupture life parameterization without intermediate LMP parameterization, using a gradient boosting algorithm, can be used to train ML models for very accurate prediction of rupture life in a variety of alloys (Pearson correlation coefficient >0.9 for 9-12% Cr and >0.8 for austenitic stainless steels). In addition, the Shapley value was used to quantify feature importance, making the model interpretable by identifying the effect of various features on the model performance. Finally, a variational autoencoder-based generative model was built by conditioning on the experimental dataset to sample hypothetical synthetic candidate alloys from the learnt joint distribution not existing in both 9-12% Cr ferritic–martensitic alloys and austenitic stainless steel datasets.”

www.nature.com/articles/s41529-021-00...

The project team’s second article, “Machine Learning Extended Prediction and Generative Models for Fracture Life of Ferritic and Austenitic Steels,” was published. Abstract” The class of 9-12% Cr ferritic-martensitic alloys and austenitic stainless steels have received considerable attention due to their numerous applications in high temperature power generation industries. To design high strength steels with prolonged service life requires a thorough understanding of the long-term properties, e.g., creep rupture strength, rupture life, etc., as a function of the chemical composition and processing parameters that govern the microstructural characteristics. In this article, the creep rupture strength of both 9-12% Cr FMA and austenitic stainless steel has been parameterized using curated experimental datasets with a gradient boosting machine. The trained model has been cross validated against unseen test data and achieved high predictive performance in terms of correlation coefficient (R2>0.98 for 9-12% Cr FMA and R2>0.95 for austenitic stainless steel) thus bypassing the need for additional comprehensive tensile test campaigns or physical theoretical calculations. Furthermore, the feature importance has been computed using the Shapley value analysis to understand the complex interplay of different features.”

www.nature.com/articles/s41598-021-83...

In addition to Dr Mamun, the research team included PNNL's Arun Sathanur and Ram Devanathan and NETL's Madison Wenzlick and Jeff Hawk.

This work was funded through the XMAT (Extremophile) Consortium, which includes research contributions from seven DOE National Laboratories, under the US Department of Energy’s Fossil Energy Department. The consortium aims to accelerate the development of improved heat-resistant alloys for a variety of power plant components and predict the long-term performance of alloys.

Machine learning, a type of artificial intelligence, applies algorithms to datasets to develop faster solutions to scientific problems. This feature makes a big difference in research around the world, and in some cases spends a considerable amount of time on scientific discoveries and technological developments.

Source - Strategic Research Institute

voda 25 juni 2021 18:09

ArcelorMittal lost deel leningen af
Zo'n 471 miljoen euro afgelost.

(ABM FN-Dow Jones) ArcelorMittal heeft via een tenderbod op een viertal uitstaande obligaties een deel van deze leningen afgelost. Dit bleek vrijdag nabeurs uit een persbericht van de staalreus.

Onder het bod konden obligatiehouders obligaties aanbieden met looptijden tot januari 2023, mei 2023, januari 2024 en november 2025.

ArcelorMittal meldde vrijdag het het voor bijna 471 miljoen euro aan biedingen heeft geaccepteerd.

Door: ABM Financial News.

info@abmfn.nl

Redactie: +31(0)20 26 28 999

voda 26 juni 2021 10:31

Researchers Develop New Heat Treatment Process for Aluminum

In order to reduce greenhouse gas emissions, automotive manufacturers are increasingly turning to aluminum, which is three times lighter than conventional steel. However, especially in the area of car body outer panels, complex designs are leading to increasing demands in terms of formability, which requires the optimization of existing aluminum alloys. Researchers at the Montanuniversität Leoben have succeeded in developing a completely new heat treatment concept that enables better formability of conventional aluminum alloys while maintaining high strength. Following the conventional manufacturing route for aluminum alloys, an increase in strength is mostly associated with a decrease in formability. A team of researchers led by Prof Dr Stefan Pogatscher from the Chair of Nonferrous Metallurgy at the Montanuniversität Leoben has successfully tackled this problem.

By the means of simulations, a completely new type of heat treatment was found, which relies on rapid heating, up-quenching, instead of the usual rapid quenching. In this context, Dr Florian Schmid, PostDoc in the Christian Doppler Laboratory for Advanced Aluminum Alloys, said "Typically, aluminum alloys are heated only once in a classical heat treatment, which is followed by immediate quenching. Repeated short-term heating to an intermediate temperature can produce properties within a few hours that otherwise can only be realized over an uneconomically long period of more than a week." The new process accelerates the formation of nanometer-sized atomic clusters, which provide a unique path to high strength while maintaining good formability. In a groundbreaking article in the new Nature Research journal "Communications Materials," the researchers demonstrate the principle and capabilities of this novel process route. Based on this, the use of aluminum in the transportation sector should become even more attractive.

Source - Strategic Research Institute

voda 26 juni 2021 10:53

Volvo Cars to Explore Using Fossil Free Steel with SSAB

Swedish steel maker SSAB is teaming up with Volvo Cars to jointly explore the development of fossil free, high quality steel for use in the automotive industry. The collaboration makes Volvo Cars the first carmaker to work with SSAB and its HYBRIT initiative, the steel industry’s most ambitious and advanced project in fossil-free steel development. As part of the collaboration, Volvo Cars will be the first carmaker to secure SSAB steel made from hydrogen-reduced iron from the HYBRIT pilot plant in Luleå in Sweden. This steel will be used for testing purposes and may be used in a concept car. In 2026, SSAB aims to supply the market with fossil-free steel at a commercial scale. Volvo Cars aims to also be the first carmaker to use fossil-free steel for its own actual car production.

The HYBRIT initiative was started by SSAB, iron ore producer LKAB and energy firm Vattenfall. The initiative aims to replace coking coal, traditionally needed for iron ore-based steelmaking, with fossil-free electricity and hydrogen. The result is expected to be the world’s first fossil-free steelmaking technology, with virtually no carbon footprint. SSAB aims to reduce Sweden’s CO2 emissions by 10 % and those in Finland by 7 %, through HYBRIT technology, using hydrogen produced from water and fossil-free electricity instead of coking coal.

The collaboration with SSAB is the latest initiative that supports Volvo Cars overall climate action plan, one of the most ambitious in the car industry. The centrepiece of the plan is Volvo Cars ambition to be a fully electric car brand by 2030, with only pure electric cars in its line up. For Volvo Cars, the CO2 emissions related to steel and iron production for its cars amount to around 35 % in a traditionally powered car and 20 % in a fully electric car of the total CO2 emissions from the material and production of the components going into the car.

Source - Strategic Research Institute

voda 28 juni 2021 07:46

Tata Steel Continuing Separation of UK & Dutch Business

Argus reported that Tata Steel is proceeding with the separation of its mainland European and UK businesses after meeting with its European Works Council. Tata Steel said “We have now agreed a way forward for consultation with our European Works Council while also enabling local consultation on the proposed organisations for separation to begin. Separating into Tata Steel Netherlands and Tata Steel UK will allow the businesses to pursue alternative strategies and give them greater agility and focus. The companies will operate a common pricing policy, and there will be no competition between the businesses.”

Following the separation, the management teams of the entities will be accountable to their boards and the parent company, Tata Steel Limited. A steering committee consisting of Mr TV Narendran, Mr Koushik Chatterjee, Mr Sandip Biswas and Mr Henrik Adam will lead the separation process.

Tata remains in talks with the UK and Dutch governments about support for its transition to low-carbon steelmaking, which it termed a vital part of securing a long-term sustainable future for both steelmaking sites.

Source - Strategic Research Institute

voda 28 juni 2021 07:47

British Cabinet Split over Protection of British Steel Industry

The Telegraph reported that British Cabinet split has opened up over Britain’s steel industry, which is fighting to keep safeguards that protect it from imports of cheap foreign steel. UK’s Trade Secretary Ms Liz Truss is under pressure from steel makers not to drop a series of measures that impose tariffs on imports of steel but UK’s Business Secretary Mr Kwasi Kwarteng is understood to back retaining the measures. At a meeting last week between the industry, Ms Truss and Mr Kwarteng, steel companies claimed the TRA’s recommendations were flawed, being based on partial data and showed a complete disregard for the practical consideration on the sector. They added that the TRA did not take into account that the US and EU are keeping in place their own trade protections, leaving Britain exposed to steel imports. The industry suggested tweaks to legislation which they claim could be quickly made, allowing six of the nine safeguards to be kept while remaining compliant to World Trade Organisation rules.

Insiders say that Mr Kwarteng was supportive of the suggestions, while Ms Truss, who decides on whether to accept the TRA’s recommendations, was against them.

In a desperate attempt to keep the protections as the deadline for a ruling nears, the steel industry has written directly to UK’s Prime Minister Mr Boris Johnson, urging him to go over Ms Truss’s head and amend the legislation so the safeguards can be kept in place.

Under current rules, the Department for International Trade can accept the TRA’s recommendations or reject them on public interest grounds. But if Ms Truss rejects the recommendations, all 19 safeguards would expire, opening up Britain to a flood of imports.

A Department for International Trade spokesman said “Any forcing through of legislation in order to disregard the TRA recommendation, which is based on evidence provided by interested parties including importers, domestic producers and overseas exporters, would breach WTO rules, leaving us open to challenge and retaliation.”

Source - Strategic Research Institute

voda 28 juni 2021 07:48

Posco & HBIS Form JV for Automotive Steel Plant in Tangshan

South Korean media reported that South Korean steelmaker Posco is working with Chinese steel producer HBIS Group Co to produce and sell automotive galvanized steel sheets and have signed an agreement to establish an equally invested joint venture. Posco and HBIS Group said they will invest a total of USD 600 million, USD 300 million each, to build a galvanized steel sheet production plant with a producing capacity of 900,000 tonnes in Tangshan in Hebei Province. Posco Chief Executive Officer Mr Choi Jeong-woo said “From our collaboration with HBIS Group we plan to reinforce our position as the most competent automotive steel sheet supplier in China, where it has the world’s biggest market for automotive steel sheets.”

The two companies will start construction on the production facility in January 2022 and it is expected to be completed by the end of 2023

Posco also plans to have Guangdong Continuous Galvanizing Line, which it operates in Guangdong in China become incorporated into their joint company with HBIS Group. This will add an annual production of 450,000 tonnes of steel products, increasing the joint company’s annual production volume to 1.35 million tonnes.

Source - Strategic Research Institute

voda 28 juni 2021 07:49

Thyssenkrupp Open to Idea of German Steel Merger

Reuters reported that Thyssenkrupp has not dismissed the idea of merging its steel business, Europe’s second largest, with a rival. Thyssenkrupp Steel Europe CEO Mr Bernhard Osburg, citing pressure to rein in costs and creating lean structures, said “Consolidation certainly remains a key topic.”

As the wider Thyssenkrupp group is studying whether to split off the steel section, merge it, or take it private separately, Osburg said he saw many reasons in favour of an alliance and only several against it.

Smaller peer Salzgitter had cold-shouldered Thyssenkrupp in the matter but is undergoing a change at its helm. A joint focus on developing green hydrogen for steelmaking could become a unifying factor.

Source - Strategic Research Institute

voda 28 juni 2021 07:49

WTO Admits Turkish Complaint over Steel Pipe Exports to US

Turkish Steel Exporters Association recently announced that the Turkish steel industry has appealed to World Trade Organization in its legal fight against the US move to impose countervailing duties on imports of steel products from Turkey. In response to a request from Turkey, the Dispute Settlement Body of the World Trade Organization has decided to establish a panel to review US countervailing duty on steel pipes from Turkey at its meeting on June 19. Steel Exporters' Association Chairman Mr Namik Ekinci said “We will eventually prove that we are right.”

Turkey pleaded a case to Dispute Settlement Body on the grounds that countervailing duty measures imposed by the US on a slew of steel products from Turkey including oil country tubular goods are inconsistent with the WTO's Agreement on Subsidies and Countervailing Measures. After consultations failed to produce a satisfactory solution between Turkey and the US on April 28, 2017, Turkey requested adjudication by a panel. The US refused this request at DSB's meeting which was held on May 22, 2017. Determined to get a positive result, Turkey made a second request for the establishment of a panel, which was accepted at the DSB meeting on June 19, 2017.

Source - Strategic Research Institute

voda 28 juni 2021 07:50

Climate Protection Project by König-Brauerei, E.ON & thyssenkrupp

Three companies based in the Rhine and Ruhr region thyssenkrupp Steel, E.ON & König-Brauerei are launching a pioneering climate protection project. Their plan is to conduct industrial waste heat from thyssenkrupp Steel’s plants to König-Brauerei through a new steam transfer pipeline managed by E.ON, thus providing the thermal energy required for the brewery processes. To this end, waste steam from the steel production from thyssenkrupp Steel’s power station is to be used. E.ON will build the pipeline infrastructure and be responsible for energy management. The three companies have signed an agreement on long-term cooperation. The project is funded by the German Federal Ministry of Economics within the framework of the Energy Efficiency Competition.

The starting point for the cooperation is thyssenkrupp Steel‘s power station in Ruhrort as part of the steel company’s integrated energy network. Steam is fed into this pipeline system by various producers, such as the steel mills. Part of this waste heat can now be reused and be conveyed to König-Brauerei through a new pipeline. E.ON is the energy partner in charge of building the pipeline infrastructure. Emschergenossenschaft provides a plot of land where the transfer station to thyssenkrupp will be erected. The steam from König-Brauerei will be taken over and used as process steam in the plants. Now that the agreement has been signed, the next step is the construction of the pipeline infrastructure and the erection of a new steam conversion plant at König-Brauerei. The start of the new energy supply of the brewery is scheduled for spring 2022.

For E.ON, the project is groundbreaking. The energy company takes over the waste steam from thyssenkrupp Steel, builds a new pipeline to the brewery and thus creates the necessary infrastructure for the project

Since the end of 2020, Bitburger Brewery Group, to which König-Brauerei belongs, has already been brewing beer in a climate-neutral manner at all of its sites. This was achieved mainly by avoiding and reducing emissions. The remaining emissions which are technically still unavoidable are compensated. In future, König-Brauerei will reduce the remaining CO2 emissions by about 75 by covering its energy requirements with waste heat. This massive reduction of emissions will make König-Brauerei one of the most sustainable breweries in Germany“.

Source - Strategic Research Institute

voda 28 juni 2021 07:51

BEIS Hearing to Examine GFG Alliance & Liberty Steel Relationship

British Parliament’s Business, Energy and Industrial Strategy Committee will continue its inquiry on 29 June from 10 AM into Liberty Steel & the future of steel industry in UK with an evidence session focussing on the financial relationships between GFG Alliance entities and the financial practices which contributed to Liberty Steel’s current difficulties. The evidence session will examine concerns around GFG Alliance’s financial agreements in order to assess how financial difficulties within GFG and Liberty Steel occurred and were regulated, as well as how much public money was received by the group. The hearing will feature witnesses from King and King, Wyelands Bank and the British Business Bank and will likely focus on the audit and regulation of GFG accounts, the funding of GFG companies and Liberty Steel sites, and GFG’s use of the Coronavirus lending scheme.

1. Mr Stephen Rose, Chief Executive Officer, Wyelands Bank

2. Mr Milan Patel, Partner, King & King

3. Mr Patrick Magee, Chief Commercial Officer, British Business Bank

Business, Energy and Industrial Strategy Committee said “Mr Lex Greensill has been in contact to indicate he would be willing to engage with the Committee’s inquiry but would not be available for the evidence session on 29th June. The Committee will continue to engage with Mr Greensill in order to seek responses to its questions relating to a number of issues for its current inquiry into Liberty Steel & the future of the steel industry.”

The Committee has so far heard from the Secretary of State and witnesses from Tata Steel and Liberty Steel to examine steel industry pressures and financial practices.

Business, Energy and Industrial Strategy Committee is holding an inquiry into Liberty Steel and the Future of the UK Steel Industry. On 8 March 2021, the supply chain finance firm Greensill Capital collapsed into administration after months of speculation about its financial viability. Greensill was the principal financial backer of GFG Alliance, owner of Liberty Steel, which is the third largest steel manufacturer in the UK. The collapse of Greensill puts 5,000 jobs at risk at Liberty Steel and other firms. UK taxpayers are reported to be exposed to more than GBP 1 billion of debt from the collapse of Greensill via three Government guarantees, including a state-backed coronavirus lending scheme, which enabled Greensill to advance hundreds of millions of pounds to companies linked to GFG Alliance. On 28 March 2021, the Government rejected a request for GBP 170 million in financial support from Mr Gupta for Liberty Steel due to concerns over GFG Alliance's opaque accounting procedures. This raises questions about the effectiveness of auditing and corporate governance regulations, and about the risks posed to UK industry by high-risk financing methods.

Source - Strategic Research Institute

voda 28 juni 2021 07:53

Mitsubishi to Supply BF Gas Fired Power Plant to Jiangsu Shagang

Mitsubishi Heavy Industries subsidiary Mitsubishi Power has received an order to supply a 180 megawatt class gas turbine combined cycle power plant fired by blast furnace gas for Jiangsu Shagang Group, a leading Chinese steelmaker. The order, which includes an M701SDAX gas turbine as a key component, was received through Mitsubishi Power's local subsidiary. The gas turbine combined cycle plant will make effective use of gas emitted by the blast furnace operated at a Jiangsu Shagang group company, to provide part of the power needed to run its factory. Operation of the new power plant is scheduled to commence in 2023.

Amid today's global initiatives to reduce environmental impact, the steel industry, like other industries, is facing strong pressure to reduce its carbon emissions. Because blast furnace gas fired gas turbine combined cycle systems make effective use of the by-product gases emitted by steel plants, they both lighten environmental loads and contribute significantly to efficient energy usage. Blast furnace gas has a lower calorific value than natural gas, and for that reason advanced technology is required to enable its stable combustion. Mitsubishi Power first achieved its proprietary technologies in blast furnace gas fired gas fired gas turbine combined cycle power systems, including development of a dedicated combustion system, in the 1980s.

The blast furnace gas fired gas turbine combined cycle power plant will be delivered to Zhangjiagang Hongchang Plate Co Ltd in Zhangjiagang in Suzhou in Jiangsu Province. The facility will comprise a gas turbine, heat recovery steam generator, steam turbine, generator, gas compressor, and auxiliary equipment.

Mitsubishi Power will manufacture the M701SDAX gas turbine, the plant's core component, at its Takasago Works in Hyogo Prefecture, and also supply related and auxiliary equipment. The steam turbine and generator will be provided by Dongfang Electric Group, a Chinese manufacturer of heavy electric machinery with which Mitsubishi Power has a cooperative relationship.

Source - Strategic Research Institute

Bijlage:

voda 28 juni 2021 07:54

Vietnam’s Steel Output & Sales Increases in January-May

Vietnam Steel Association announced that steel production in Vietnam totaled 2.92 million tonnes in May 2021, increasing by 3.5% compared to April 2021 & up by 40.0% YoY, while steel product sales were down 8.4% compared to April 2021 & up by by 30.8% YoY from May 2020 to 2.47 million tonnes. In the January-May period this year, steel production in Vietnam increased by 38.7% YoY to 13.40 million tonnes, while steel sales rose by 38.2% YoY to 11.96 million tonnes.

Vietnam’s steel exports in May 2021 totaled 630,551 tonnes, increasing by 18.0% compared to the previous month and up by 2.4 compared to the same month last year.

According to the General Department of Vietnam Customs, Vietnam exported a total of 4.88 million tonnes of steel between January and May, up 62% YoY while export value rose 117% to USD 3.61 billion.

China - 1.1 million tonnes, twice that of last year

EU - 713,000 tonnes

Cambodia – 584,000 tonnes

Mexico – 293,000 tonnes

Source - Strategic Research Institute

35.173 Posts, Pagina: « 1 2 3 4 5 6 ... 1339 1340 1341 1342 1343 1344 1345 1346 1347 1348 1349 ... 1755 1756 1757 1758 1759 » | Laatste

Aantal posts per pagina: 20 50 100 | Omhoog ↑

Meedoen aan de discussie?

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

Direct naar Forum

Detail

Vertraagd	25 apr 2024 13:08
Koers	23,580
Verschil	-0,060 (-0,25%)
Hoog	23,690
Laag	23,500
Volume	690.071
Volume gemiddeld	2.461.865
Volume gisteren	2.185.626

ArcelorMittal nieuws

23 apr	Mondiale staalproductie daalt toch weer
16 apr	Deutsche Bank haalt ArcelorMittal van...
12 apr	Video: cyclische aandelen bieden kansen
09 apr	World Steel Organisation ziet vraag n...
22 mrt	Mondiale staalproductie in de lift
12 mrt	ArcelorMittal neemt groot belang in V...
05 mrt	Beursblik: experts vinden koerswinst ...
23 feb	Mondiale staalproductie daalt opnieuw
08 feb	ING: ArcelorMittal doet het beter dan...
08 feb	Fors verlies voor ArcelorMittal

Meer ››