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Arcelor Mittal « Terug naar discussie overzicht

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voda 25 juli 2022 07:25

Nippon Steel’s CCU Project Funded by Australian Research Council

Strategic Research Institute
Published on :
25 Jul, 2.022, 5:59 am

Japanese steel giant Nippon Steel announced that joint research proposal from Nippon Steel, The University of Queensland in Australia and Urban Utilities Australia has been funded AUD 515,725 by the Australian Research Council through the Linkage Project scheme. Nippon Steel partnered with The University of Queensland in & Urban Utilities to develop a project that aims to convert CO2 into valuable chemicals, using a combination of microbial and electrochemical processes. In production of valuable chemicals from gaseous waste project, partners will generate significant value upgrade from waste CO2 by targeting the production of medium-chain carboxylates, which are important platform chemicals for various applications in the nutraceuticals and agriculture industries, and that can potentially be converted into fuels.

Dr Bernardino Virdis and his team at the Australian Centre for Water and Environmental Biotechnology at The University of Queensland in Brisbane, Australia, have already demonstrated microbial synthesis of these chemicals from waste CO2 at the laboratory scale. In this project, the research team aims to optimize the technology and to resolve practical challenges related to its upscaling.

Carbon Capture and Utilization technology to produce valuable chemicals offer opportunities towards goal of carbon neutrality is by synthesizing raw materials for valuable chemicals by reusing CO2. Much of the research and development into CCU utilizes chemical reactions with catalysts. In general, while chemical process requires high temperatures, elevated pressures and expensive catalysts, microbial process can occur under mild temperature and pressure, allowing significant energy- and cost-savings.

voda 25 juli 2022 07:25

Opposition Demands Transparency over Loan Deal with GFG Alliance

Strategic Research Institute
Published on :
25 Jul, 2022, 6:01 am

Scottish The Herald reported that Scottish ministers are facing calls for greater transparency after The Sunday Times revealed that GFG Alliance paid just GBP 5 towards the acquisition of a Highlands Lochaber aluminium plant with taxpayers financing the rest of the GBP 330 million deal, not the GBP 35 million previously thought. Scottish Liberal Democrat MSP Mr Willie Rennie said the Scottish Government must end the secrecy and reveal the details of the deal. He said “We knew that the Scottish Government’s industrial intervention strategy was a disaster, but this takes it to a new level. We need a statement from ministers to finally properly explain this deal, the financial exposure for the Government and its detailed plan to recover the position and limit the exposure for taxpayer.”

The Scottish Government said it is committed to openness and transparency. A spokesperson said “Our intervention to support the Lochaber aluminium smelter and to secure the continued operation of the Dalzell and Clydebridge steel mills has preserved strategic industrial capacity and supported the livelihoods of hundreds of people since 2016. The Scottish Government receives a commercial fee in respect of the Lochaber Guarantee and Guarantee fee payments are up-to-date. There has been no call on the Guarantee and the Scottish Government holds a comprehensive suite of securities over the assets at Lochaber that have been valued at more than the outstanding amount guaranteed.”

The Scottish Government has guaranteed loans for the smelter and the hydro power plants worth GBP 586 million. The UK Government recently ended guarantees on GBP 400 million of loans Greensill Capital made to Mr Sanjeev Gupta's firms. The Scottish Government has been urged to follow suit to protect hundreds of millions of taxpayers' cash.

voda 25 juli 2022 07:26

JSW Steel Reports 51% QoQ Reduction in Apr-Jun’22 EBIDTA

Strategic Research Institute
Published on :
25 Jul, 2022, 6:03 am

India’s largest steel maker JSW Steel has reported its financial results for April-June 2022 quarter. JSW Steel said “During the first quarter of FY2023, high inflation across major economies on the back of supply chain disruptions and the Russia-Ukraine conflict has impacted the global economic outlook. While India has been relatively resilient with economic activity recovering from the Covid induced slump, high inflation and policy rate tightening across the world have become formidable headwinds. The domestic steel industry was impacted by falling global prices and the imposition of a 15% duty on certain steel exports in May 2022 further exacerbated the situation with a steep fall in exports, of 26% QoQ. The export duty on steel products is expected to be a temporary measure to contain inflation and may be removed once inflation cools down. Inherent demand from auto and construction & infrastructure segments remains strong that should support overall steel consumption during FY23.””

Standalone Performance Q1 FY23

Crude Steel Production: 5.00 million tonnes, up 22% YoY

Saleable Steel Sales: 4.03 million tonnes, up 12% YoY

Flat Products Sale – 3.03 million tonne, up 13% YoY

Long Products Sale – 0.87 million tonne, up 4% YoY

Semis Sale – 0.13 million tonne, up 27% YoY

Revenue from Operations: INR 31,105 crores, down 14% QoQ

Operating EBITDA: INR 3,352 crores, down 51% QoQ

Net Profit after Tax: INR 956 crores

Consolidated Performance Q1 FY23

Crude Steel Production: 5.77 million tonnes

Saleable Steel Sales: 4.49 million tonnes

Revenue from Operations: INR 38,086 crores

Operating EBITDA: INR 4,309 crores

Net Profit after Tax: INR 839 crores

During the quarter, JSW Steel Coated Products, including its subsidiaries, registered a production volume-(GI/GL + Tin) of 0.68 million tonnes and sales volume of 0.68 million tonnes. Revenue from Operations for the-quarter stood at INR 6,891 crores, and an EBIDTA loss of INR 154 crores. Margins were impacted by NRV provisions and payment of export duty. The subsidiary reported a Loss after Tax of INR 209 crores for the-quarter.

During the quarter, BPSL registered Crude Steel Production of 0.61 million tonnes and Sales volume of 0.48 million tonnes. Revenue from Operations and Operating EBITDA for the quarter stood at INR 4,704 crores and INR 698 crores, respectively. BPSL reported a Profit after Tax of INR 221 crores for the quarter.

JSW Steel USA Ohio in US produced 105,997 net tonnes of HRC and 174,398 net tons of Slabs during the quarter. Sales volumes for the quarter stood at 1Q8.365 net tons of HRC and 65,749 net tons of slabs. It reported an EBITDA of USD 1.14 million for the quarter

US Plate and Pipe Mill in Texas in US produced 87,213 net tons of Plates and 4,658 net tons of pipes, reporting a capacity utilization of 37% and 3%, respectively, during the quarter. Sales volumes for the quarter stood at 81,788 net tonnes of plates and 4,663 net tonnes of pipes. It reported an EBITDA of USD 33.06 million registering 14% growth QoQ.

JSW Steel’s Italy based Aferpi produced 96,297 tonnes and sold 86,772 tonnes during the quarter. It reported an EBITDA profit of EUR 4.0 million for the quarter.

voda 25 juli 2022 07:27

POSCO to Take Urgent Steps to Brace against Likely Slowdown

Strategic Research Institute
Published on :
25 Jul, 2022, 6:07 am

POSCO Holdings has put itself on an emergency management footing and announced that it will strengthen its group wide risk management, in a move to better respond to tightening demand, cost overruns and supply chain disruptions. POSCO top brass have reiterated the need for increased preparedness against the sharp depreciation of the Korean won, surging borrowing costs and accelerating inflation. POSCO Holdings said the group’s top executives reviewed risk factors for each major businesses unit, such as steel, infrastructure, energy and second battery materials. The group assessed that the global economy is facing a complex crisis, and predicted weakening of profits due to sluggish demand, rising raw material and energy costs and supply chain instabilities. The executives decided to seek efforts to strengthen profitability by overhauling its overall procurement, production and sales operations, and reassess group-wide investment plans.

POSCO Holdings' Chairman Mr Choi Jeong-woo said “Weakening demand, surging costs and supply chain complications can and will be preemptively managed with our group-wide efforts. Key executives at all group subsidiaries should be prepared against a possible cash crunch. We will place greater weight on cash-oriented management strategies. The risk factors that require closer monitoring include reduced global steel demand and subsequently increased inventory costs. Also among them are the rising costs of raw input materials, energy and borrowing, as well as uncertainties in the raw material and energy supply chains. The group will seek to fortify its profit models and lower raw input costs through streamlining purchases, production and sales.”

Risks to the group's overseas entities will be reviewed more thoroughly, and the group's overall financial soundness will be enhanced via the revision of its investment plans.

POSCO Holdings' sales in the April-June period on a consolidated basis stood at KRW 23 trillion (USD 17.5 billion), up 26% YoY while operating profit came in at KRW 2.1 trillion, down 4% and net income was KRW 1.8 trillion, the same as seen in last year's second quarter. The sales growth was driven by an increase in steel prices and the strong performance of its subsidiaries.

voda 25 juli 2022 07:38

Samarco Uses Robot for Drying Iron Ore Fines

Strategic Research Institute
Published on :
25 Jul, 2.022, 6:30 am

Samarco's pelletizing process started to rely on a robot for measuring the moisture of iron ore fines as of last June. The equipment is installed in the filtration outlet that supplies power plant 4 at the Ubu Complex, in Anchieta ES. The automation of the process brings agility and efficiency to the moisture measurement process, reducing the time to deliver the result to the control room by one hour and thirty minutes. The previous procedure was performed manually in the laboratory and required two hours. Now the result is delivered in 30 minutes.

The robot collects the sample of iron ore fines, the pellet feed, weighs the wet material, and takes the sample to the infrared dryer. At the end of drying, the robot retrieves the sample and places it on the scale for a new weighing, this time of the dry weight. Then the plant's control system, which orchestrates all the equipment in the robotic cell, calculates the moisture according to the weight difference

Among the main benefits of the robotic system, greater repeatability and maximum reproducibility of moisture results, as the influence of different operators is null. With the measurement arriving at greater speed, the Filtration Control Room team can also understand better the process and adjust its parameters to produce with the quality as per the goal.

The novelty brought positive results, providing more information for the advanced control system at this stage of the pellet production process in Ubu. The conception, design and programming of the robot were developed by Samarco, in partnership with the company Robotics, which manufactured and assembled the system.

Bijlage:

voda 25 juli 2022 07:39

BHP Produced 253 Million Tonne Iron Ore in FY 22

Strategic Research Institute
Published on :
25 Jul, 2022, 6:30 am

Australian iron ore giant BHP’s total iron ore production was in line with the prior period at 253 million tonne and production for the 2023 financial year is expected to be between 249-260 million tonne.

WAIO production of 249 million tonne, 283 million tonne on a 100% basis was in line with the prior period, reflecting continued strong supply chain performance and favourable weather compared to the prior period, offset by the impacts of temporary labour constraints relating to COVID-19, planned track renewal works in the March 2022 quarter and the planned major maintenance on the Jimblebar train load out and car dumper one in the first half. Our preventative maintenance programs continue to underpin the strength of the WAIO supply chain, delivering increased car dumper, reclaimer and ship loader availability year on year and enabling record sales volumes of 284 million tonne on 100% basis.

South Flank ramp up to full production capacity of 80 million tonne on 100% basis is ahead of schedule with an average rate of 67 million tonne achieved in the June 2022 quarter contributing to record production from the Mining Area C hub and record lump sales.

WAIO production for the 2023 financial year is expected to be between 246-256 million tonne, 278- 290 million tonne on a 100% basis reflecting the tie-in of the port debottlenecking project PDP1 and the continued ramp up of South Flank.

voda 25 juli 2022 08:18

Italian HRC producers seek increases
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Some Italian coil producers are seeking increases, pushing up quotes by €40-50/tonne ($40.6-50.7), mainly because of higher production costs.

The price of energy is anticipated to surge in September, with Italian and German steelmakers, particularly, bracing for gas price-related headwinds in the last quarter.

Hot rolled coil demand remains stagnant not only in Italy but also in other European countries, with order intake consistently subdued and for low tonnages, market participants tell Kallanish.

Senior market sources confirm that, in the Italian market, ArcelorMittal is trying to raise offers by €40/t, with similar moves expected in Spain. Other steelmakers are now asking for €800/t base ex-works for new orders and preparing to idle their mills to reduce the substantial overcapacity.

Acciaierie d’Italia, the joint venture between ArcelorMittal and state-owned Invitalia, has shut down blast furnace no.2 and plans to restart it at the end of August. Arvedi will also idle production from the week ending 29 July, sources observe, although the company has refused to comment.

Italian HRC contracts are increasing slightly compared to last week and hovering at €770-780/t base ex-works, sources suggest.

Sales of sheet and tube seem to have resumed downstream, with end-users restocking before the August closures (see separate article).

Natalia Capra France , Emanuele Norsa Italy

voda 26 juli 2022 07:25

US Steel Production Capacity Utilization Improves in Week 29

Strategic Research Institute
Published on :
26 Jul, 2.022, 6:24 am

American Iron & Steel Institute announced that in the week ending on 23 July 2022, United States steel production was 1.754 million net tons while the capability utilization rate was 79.6%. Production was 1.862 million net tons in the week ending 23 July 2021 while the capability utilization then was 84.4%. The current week production represents a 5.8% decrease from the same period in the previous year. Production for the week ending 23 July 23 is up 0.9% from the previous week ending 16 July 2022 when production was 1.738 million net tons and the rate of capability utilization was 78.9%.

Southern: 738 KNT

Great Lakes: 568 KNT

Midwest: 210 KNT

North East: 171 KNT

Western: 67 KNT

Adjusted year-to-date production through 23 July 2022 was 51.108 million net tons, at a capability utilization rate of 80.4%. That is down 2.6% from the 52.485 million net tons during the same period last year, when the capability utilization rate was 80.1%.

voda 26 juli 2022 07:26

MMK’s MRK Develops CCM Molds for Casters

Strategic Research Institute
Published on :
26 Jul, 2.022, 6:26 am

Russian steel maker MMK’s Mechanical Repair Complex has designed and manufactured a line of import substituting equipment for steel enterprises of the Russia. Together with the Federal State Unitary Enterprise TsNII Chermet named after IP Bardin, MMK has started manufacturing CCM molds for continuous casting machines. One of the equipment customers was EVRAZ NTMK, where CCM units located directly under the mold were also designed and manufactured along with sections No. 1 with a modern centralized lubrication system and additional roller cooling.

Also, several types of sintering carts were manufactured and serially delivered to EVRAZ KGOK. Roller whips for the DANIELI project caster were manufactured for ChMK.

In addition, in 2022, MRK LLC supplied oxygen lance tips designed for the customer, which are strategically important metallurgical equipment, without which it is impossible to use oxygen-converter technologies.

The presence of its own qualified technological, design and production personnel, the use of new modern technologies using computer modeling, a line of cold-hardening mixtures, modern welding, surfacing and CNC machine tools, all this allows MRK LLC to create complex and high-tech units, including basic cast metal structures of complex configuration.

voda 26 juli 2022 07:27

Currency Instability Bites Shipbreaking Sector

Strategic Research Institute
Published on :
26 Jul, 2.022, 6:38 am

World's leading cash buyer of ships for recycling GMS said that “As the ship recycling sector continues to try and adjust to these new lower realities on price, in addition to adhering to new regulations on LC limits amidst a dire shortage of US Dollars foreign exchange & reserves in both Pakistan and Bangladesh, the industry is certainly going through an uncertain period. Last week, the Bangladeshi government introduced new limits to cap the outgoing volume of US Dollars for essential purchases only raising question marks about higher priced vessels for recycling purchases in the foreseeable future. As such, the government announced that any LC over USD 5 million has to be approved by the Central State Bank for opening, with the Bangladeshi Taka struggling to such a worrying extent of late. Unfortunately, the currency situation is no better elsewhere as we are witnessing fresh historical lows by the day in all of the major recycling destinations on their respective currencies against the US Dollar, and there have been elevated fears across these locations that international trade may eventually start driving domestic inflation up as the US Dollar continues to strengthen rapidly.”

GMS said “Keeping things in check is the fact there are very few new units to work on, now that the tanker chartering market is firming further and this may give the recycling markets, some time to settle and stabilize before fresh units are proposed to Recyclers once again come Q4.”

GMS said “While Pakistan has registered a massive drop in local steel plate prices last week, India remains the most stable of the sub-continent markets despite the extreme volatility on Indian plate prices seen on a near daily basis and similar worrying currency depreciation is leaving Alang Recyclers confused and nervous on any firm offers moving forward.”

GMS added “On the West End, Turkish plates take another tumble this week as even the currency, like all the major recycling locations, continues its steady slow descent to oblivion.”

GMS Price Assessment - India/Bangladesh/Pakistan – Week 29

Dry Bulk – USD 580-600 per LDT

Tankers - USD 590-610 per LDT

Containers - USD 500-620 per LDT

voda 26 juli 2022 07:27

Shanghai Fisin to restart Rabta Steel in Libya

Strategic Research Institute
Published on :
26 Jul, 2.022, 6:40 am

The Libya Herald announced that Gharian Municipality in Jabal al Gharbi district in the Western Mountain in Libya announced that Rabata Iron and Steel Factory is making preparations to start production after a nearly nine-year hiatus. The contract of cooperation and partnership to operate the factory was signed between the investor of the factory the Libyan National Industrial Investment Company and the Chinese company Shanghai Fisin.

Gharian Municipality Mr Yousef Bedairi. stressed the importance of the factory as it will stimulate the local economy, provide job opportunities for unemployed youth, activate several sectors and local economic activities, including heavy transport and trucks, which will be used to transfer production and provide materials.

voda 26 juli 2022 07:28

Friedman Industries Announces FY 22 Results

Strategic Research Institute
Published on :
26 Jul, 2.022, 6:43 am

The Longview Texas-based steel processing company Friedman Industries has posted net loss of roughly USD 7.5 million for the quarter ending 31 March 2022 as compared with earnings of USD 10.4 million a year prior while net sales rose 53% YoY to USD 75.1 million. The 2022 quarter results were negatively impacted by margin compression associated with declining steel prices at the time and a net recognized loss of approximately USD 13.9 million related to hot-rolled coil derivative instruments. Results for the 2021 quarter were positively impacted by strong margins primarily associated with a historic rise in steel prices and a net recognized gain of approximately USD 5.5 million related to hot-rolled coil derivative instruments.

For the year ended 31 March 2022, Friedman Industries recorded net earnings of USD 14.1 million on sales of USD 285.2 million. For the year, the Company recorded net earnings of USD 11.4 on sales of USD 126.1 million. The combined earnings of fiscal 2022 and fiscal 2021 are higher than any other consecutive two years in Company history.

Friedman Industries said “Our operating results are significantly impacted by the market price of hot-rolled steel coil. The Company experienced significant volatility in steel price during both fiscal 2022 and fiscal 2021. The start of fiscal 2021 coincided with the COVID-19 virus starting to have a broad impact across the United States. From March 2020 to August 2020 steel prices declined approximately 25% in response to the initial impacts of COVID-19 on steel industry demand. In August 2020, steel prices began a historic rise, increasing approximately 350% through September 2021. From October 2021 through February 2022, steel prices declined approximately 50% until starting to increase in March 2022 in response to the Russian invasion of Ukraine. With the volatility of steel prices, the Company saw periods of both expanding and contracting margins in fiscal 2022 and fiscal 2021. The overall results for both years are characterized by higher than average margins with fiscal 2022 being the most profitable year in Company history and fiscal 2021 being the third most profitable year.”

OUTLOOK – “At the end of fiscal 2022 steel prices started increasing considerably after the Russian invasion of Ukraine. The increase in steel prices resulted in improved margins for the first quarter of fiscal 2023 compared to the fourth quarter of fiscal 2022. The Company expects the June 30, 2022 quarter to be one of the most profitable quarters in Company history due to the margin improvement and a substantial increase in sales volume after the Plateplus transaction. Sales volume for the first quarter of fiscal 2023 was approximately 104,500 tons compared to approximately 52,000 tons for the fourth quarter of fiscal 2022, a 100% increase.”

For over 50 years Friedman Industries has helped its customers succeed by consistently providing high quality steel products at highly competitive prices with quick delivery. Founded in 1965 and headquartered in Longview in Texas, Friedman operates in two divisions: the Flat Roll Division and the Tubular Division.

voda 26 juli 2022 07:29

Odisha Aiming for 60 Million Tonne Steel Capacity

Strategic Research Institute
Published on :
26 Jul, 2.022, 6:44 am

Odisha’s Steel & Mines Minister Mr Prafulla Kumar Mallik while replying to a written question of BJD MLA Dhruba Charan Sahoo in the state assembly said that Odisha currently has 51 steel plants with a production capacity of 33.1 million tonne per annum and atleast 12 more steel plants will be set up in Odisha with a production capacity of 60 million tonnes per annum.

Mr Mallik said “Three new steel facilities will be set up in Sundargarh district, two in Jajpur district, and one each in Angul, Kendrapada, Dhenkanal, Keonjhar, and Jagatsinghpur districts. Two steel firms are yet to decide on the districts from where they would operate.”

Mr Mallik added “ArcelorMittal Nippon Steel India has proposed to set up a 24 million tonne per annum steel mill at Mahakalpada in Kendrapara district while JSW has planned for a 12 million tonne per annum steel facility at Gadakujang area in Jagatsinghpur district.”

voda 26 juli 2022 07:33

Baowu Sold 3.9 Million Tonne BEST Green Steel in 2021

Strategic Research Institute
Published on :
26 Jul, 2.022, 6:45 am

Chinese steel giant Baowu has recently launched its first report on green and low-carbon development in 2021. Baowu invested CNY 11.2 billion in energy conservation and environmental protection, and the reduction rate of comprehensive energy consumption per CNY 10,000 of output value was 22%, the reduction rate of carbon dioxide emissions per tonne of steel was 0.63%. Focusing on three technology directions including high strength, high corrosion resistance and high energy efficiency, China Baowu sold 3.9 million tonnes BEST green products.

It has built a growing green industry supported by six green aspects, namely green energy, green resources, green intelligent service, green industrial finance, green new materials and green industrial parks, creating a total revenue of CNY 113.8 billion.

In the year of 2021, China Baowu advocated a green campaign consists of 7 low-carbon lifestyles, including green travel, Empty Plate campaign, garbage sorting, afforestation, green buildings, low carbon office and labor competition program. As a result, 63 green and low-carbon practice cases emerged and 54003 suggestions on green and low-carbon development were contributed by China Baowu’s employees.

voda 26 juli 2022 07:34

Stelco Expects Lower EBIDTA in Q3 over Declining Steel Prices

Strategic Research Institute
Published on :
26 Jul, 2.022, 6:46 am

Hamilton Ontario based Canadian steel maker Stelco Holdings expects to report Shipping Volume of approximately 677,000 net tons of steel in April-June 2022 quarter, in-line with prior guidance of a greater than 10% increase from the Q1 if 2022 Shipping Volume of 594,000 net tons.

Adjusted EBITDA for Q2 of 2022 is expected to be in the range of CAD 460–470 million, as compared to Q1 2022 Adjusted EBITDA of CAD 402 million and Q2 2021 Adjusted EBITDA of CAD 410 million.

Stelco said “Prices began increasing sharply in March 2022 and then reversed course in late April, with the benchmark CRU sheet price falling for 13 consecutive weeks from a peak of USD 1,492 per net ton to USD 895 per net ton currently.”

Stelco has also provided guidance for the third and fourth quarters of 2022 given the weakening of the steel market and falling prices over the last three months. It said “Adjusted EBITDA in Q3 is expected to be materially below the Q2 level, and further weakening is expected in our Q4 results assuming the lower prices and shorter lead-times being experienced currently fully impact results and prevail through the remainder of 2022.”

Stelco produces flat-rolled value-added steels, including premium quality coated, cold-rolled and hot-rolled sheet products, as well as pig iron and metallurgical coke.

voda 26 juli 2022 07:35

Severstal Reports 17% QoQ Decline in Apr-Jun’22 Quarter Sale

Strategic Research Institute
Published on :
26 Jul, 2.022, 6:47 am

Russian steel maker Severstal reported that its consolidated steel sales decreased by 6% YoY in January-June 2022 while iron ore products consolidated sales were 57% lower due to export constraints & coal sales almost disappeared from consolidated results following Vorkutaugol divestiture. Severstal CEO Mr Alexander Shevelev said “The first half of 2022 was extremely challenging for Russian steelmakers and Severstal. Against the background of sanctions pressure, we were forced to take urgent steps to preserve the stability of the business. Thus, after the complete shutdown of exports to the EU countries, we had to redirect sales to other, less marginal markets, as well as rebuild our supply chain of inventory to ensure the operation of enterprises. The difficult access to exports followed by a decrease in the domestic demand, a sharp strengthening of the ruble and the decline in domestic prices altogether put a pressure on the company's results. As a result of difficulties in sales, we were forced to revise the production program. At the same time, there was an increase in the cost of production, mainly due to inflationary pressure from transport costs and tariffs of natural monopolies.”

Severstal hot metal output fell by 16% QoQ to 2.43 million tonne in April-June 2022 quarter while crude steel production decreased by 18% QoQ to 2.4 million tonnes, due to repairs rescheduled to Q2 2022 to balance actual capacities and narrowing demand for steel. Steel sales declined by 17% QoQ to the 2.27 million tonnes, affected by difficult access to export markets coupled with the declining demand in the domestic market.

Production of hot metal was flat YoY at 5.3 million tonne while crude steel production decreased by 7% YoY to 5.32 million tonnes, as a result of converter repairs which was rescheduled to Q2 of 2022. Steel sales were down by 6% YoY to 5 million tonnes, due to limited access to export markets followed by a decrease in the domestic demand. Semis sales were 12% higher YoY due to strong sales of pig iron to the USA in Q1 of 2022. Commercial steel sales were lower by 9% YoY to 2 million tonnes as a result of import ban imposed by the European Union in March 2022.

P?? Severstal is a vertically integrated steel and steel-related mining company, working with customers and partners to create new products and integrated solutions from steel. The company's production facilities are located in Russia. Severstal is listed on MOEX and on the LSE. Severstal reported revenue of USD 11.6 billion and EBITDA of USD 6 billion in 2021. Severstal’s crude steel production in 2021 reached 11.6 million tonnes.

voda 26 juli 2022 07:36

Ferrosilicon Industry in Bhutan Expanding

Strategic Research Institute
Published on :
26 Jul, 2.022, 6:48 am

Kuensel Online reported that with 11 ferrosilicon plants in operation, 3 under construction, 6 approved and 10 new applicants, Bhutan may have about 25-30 plants. 10 existing ferrosilicon plants are in Pasakha and one is in Motanga but now the new plants will come up at Motanga Industrial Park in Samdrupjongkhar and Jigmeling Industrial Park in Sarpang as Pasakha Industrial Estate doesn’t have space. While the record prices in 2021 have attracted investors, there are concerns if too many are venturing into the business.

Ferrosilicon is Bhutan’s top export commodity today. In 2021, Bhutan exported ferrosilicon worth BTN 15 billion, the highest so far. In 2020, Bhutan exported BTN 7 billion worth ferrosilicon, BTN 9 billion in 2019, BTN 13 billion in 2018 and BTN 9 B in 2017.

voda 26 juli 2022 07:36

NLMK Reports 19% Dip in Finished Steel Sales in Apr-Jun’22 Quarter

Strategic Research Institute
Published on :
26 Jul, 2.022, 6:50 am

Russian steel giant NLMK announced that its steel production amounted to 4.4 million tonnes down 2% QoQ & 4% YoY in April-June 2022 quarter and sales decreased by 12% QoQ to 4.0 million tonnes and by 7% YoY with increased supplies of slabs within NLMK Group and lower demand in key markets. The volume of sales of finished products amounted to 2.2 million tonnes down 13% QoQ & 19% YoY. Sales in the domestic markets decreased by 3% QoQ to 2.6 million tonnes & by 7% YoY as a result of slowing demand in the Russian market while sales in export markets amounted to 1.2 million tonnes down 33% QoQ & 17% YoY

Steel production amounted to 8.9 million tonne in January-June 2022 down 1% YoY while sales increased by 4% YoY to 8.6 million tonnes as a result of higher demand for semi-finished products in export markets in Q1 of 2022. Sales in the domestic markets decreased by 5% YoY to 5.2 million tonnes while exports increased by 13% YoY to 2.9 million tonnes.

NLMK Russia Flat Products – April June 2022

Steel output stood at 3.5 million tonnes down 1% QoQ & 2% YoY

Sales in decreased to 3.2 million tonnes down 9% QoQ & 11% YoY. The decline in slab demand in the EU and Middle East markets was in full offset by intragroup sales to the Group's foreign assets. The Segment's sales decreased due to deceleration of demand for hot- and cold-rolled steel in the key steel consuming industries in the Russian market.

NLMK Russia Long Products– April June 2022

Steel output decreased to 0.7 million tonne, down 12% QoQ & 8% YoY as planned repairs were underway at NLMK Ural. Steel output at NLMK Kaluga was reduced amid declining demand in the Russian market and restrictions on export to the EU. Sales stood at 0.72 million tonne down 1% QoQ & 12% YoY as demand for long products in Russia decreased. This was offset by pivoting sales of square billets from Europe to Turkey.

NLMK USA– April June 2022

Sales in the Segment decreased to 0.4 million tonnes down 3% QoQ & 25% YoY amid the slowdown of consumer activity. A further decline in prices is expected as end-demand will be slowing down and the level of stocks accumulated since the beginning of 2022 is high.

NLMK DANSTEEL– April June 2022

Sales decreased to 0.16 million tonnes down 7% QoQ & 4% YoY due to a demand slowdown amid expectations of further price reductions for thick plate in Europe.

6M 2022 performance

NLMK Belgium Holdings JV – – April June 2022

Steel product output decreased to 0.51 million tonnes, down 4% QoQ, as hot-rolled steel production was reduced at NLMK La Louviere in response to the slowdown in demand at quarter-end. Production output increased 2.3 times vs the same period last year due to the completion of the first upgrading phase at NLMK La Louviere Hot Strip Mill. Sales grew by 32% QoQ to 0.54 million tonne up62% YoY due to the low base effect of the previous quarter when shipments were down due to high consumer stock levels and logistic constraints amid the transport shortage.

voda 26 juli 2022 07:37

Jindal Stainless Reports Strong Performance in Apr-Jun’22 Quarter

Strategic Research Institute
Published on :
26 Jul, 2.022, 6:50 am

Indian stainless steel giant Jindal Stainless Limited’s standalone revenue, EBITDA and PAT stood at INR 5,336 crores, INR 523 crores and INR 287 crores respectively during April-June 2022 quarter. JSL has recorded a sales volume of 235,530 tonnes with exports accounting for 25% share. On consolidated basis, JSL recorded revenue of INR 5,474 crores, EBITDA of INR 549 crores and PAT of INR 329 crores. JSL Managing Director Mr Abhyuday Jindal said “JSL’s focused approach on niche product development and an agile product mix helped the Company steer through unprecedented and unsteady macro-economic challenges. The domestic stainless steel industry faced a double whammy during the quarter. On the domestic front, continued dumping of stainless steel imports from China and Indonesia led to unfair competition, while simultaneously exports were severely impacted due to a 15% duty imposition by the Indian Government. Despite these challenges, JSL successfully catered to an uplifted demand from key sectors like automotives and railways. Going forward, we are committed to developing a failsafe stainless steel ecosystem in the country by focusing on awareness, skill development, new product development, and identification of sustainable applications for stainless steel. Along with this, we are dedicatedly working towards achieving our ESG goals and transition to sustainable manufacturing.”

JSL maintained a strong supply in railway wagons and railway coaches. It also registered a steady demand from the automobile sector during the quarter where its supply upped by nearly 40% QoQ. JSL is undertaking joint development of new stainless steel grades with auto majors for suitable product level applications, timely deliveries, and proactive redressal of customer concerns. Additionally, JSL is developing special stainless steel finishes for major players in the lifts and elevators segment. Demand from metro sector continues to be steady with major national metro projects in the pipeline. However, the pipe and tube segment witnessed a low market demand and negative price sentiment due to a major price drop during this period.

JSL will acquire Jindal United Steel Limited as a wholly-owned subsidiary and become an integrated stainless steel manufacturing company with all the critical facilities under one umbrella. Jindal United Steel Limited has been operating the hot strip mill for rolling stainless steel and carbon steel slabs with its total capacity being enhanced to 3.6 million tonne per annum. JUSL is also operating cold rolling mill with a capacity of 0.2 million tonne per annum for stainless steel applications.

JSL supplied stainless steel for India’s second stainless steel foot-over-bridge unveiled at Srikakulam Road Railway Station in Waltair Division of East Cost Railway.

JSL is supplying ~2000 tonnes stainless steel to Alstom for developing trainsets for India’s first Regional Rapid Transit System. The Company will supply its world-class 301LN stainless steel grade in 2J finish for developing 210 trainsets. As India’s first semi high-speed regional trainsets, the RRTS trainsets will function at a speed of 180 km per hour and will reduce commute time between Delhi and Meerut by about 40%.

voda 26 juli 2022 07:39

Tokyo Steel Repots 71% YoY Surge in Apr-Jun’22 Quarter Revenue

Strategic Research Institute
Published on :
26 Jul, 2.022, 6:52 am

Japanese electric-furnace based steel maker Tokyo Steel Manufacturing announced that that it’s net profits rose to JPY 6.81 billion (USD 50 million) for April-June 2022 quarter up from JPY 3.63 billion a year earlier as the revenue rose by 71% YoY to JPY 90.65 billion. Tokyo Steel said that while product prices increased, prices of the steel scrap that is used for production have fallen, leading to valuation losses for materials inventory.

Tokyo Steel lowered its revenue estimate for the fiscal year ending March 2023 and raised its net-profit projection. It now expects revenue to climb 46% to JPY 396 billion and net profit to fall 1.4% to JPY 31 billion.

Ever since its founding in 1934, Tokyo Steel has continually expanded its product line from basic long steel products, such as small steel sections and bars, to a variety of steel products. In particular, Tokyo Steel has become the country’s number-one producer H-beams. It is also producing hot rolled coils, pickled and oiled coils, galvanized coils, heavy steel plates, etc.

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