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voda 8 augustus 2022 07:09
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AMNS Calvert Reports YoY Flat Steel Production in Apr-Jun’22

Strategic Research Institute
Published on :
8 Aug, 2022, 6:25 am

ArcelorMittal recently announced that AMNS Calvert's hot strip mill production during Q2 of 2022 totaled 1.1 million tonne, stable as compared to 1.1 million tonne in Q1 of 2022 and 8.7% lower than 1.2 million tonne in Q2 of 2021. Steel shipments in Q2 of 2022 were 4.1% below Q1 of 2022 due to weaker demand.

EBITDA during Q2 2022 of USD 261 million was 20.2% lower than USD 327 million in Q1 of 2022 primarily on account of lower pricing with the falling CRU index prices in February and March 2022 impacting non-contract volumes of Q2 of 2022.

Production of the hot strip mill including processing of slabs on a hire work basis for ArcelorMittal group entities and third parties, including stainless steel slabs.

Shipments include finished products processed on a hire work basis for ArcelorMittal group entities and third parties, including stainless steel products.

EBITDA of Calvert presented here on a 100% basis as a stand-alone business and in accordance with the Company's policy, applying the weighted average method of accounting for inventory.

AM/NS Calvert is a 50/50 joint venture between ArcelorMittal and Nippon Steel Corporation, and is highly complementary to ArcelorMittal USA's existing portfolio of world-class assets. The steel processing plant is located in Calvert in Alabama, about 35 miles north of Mobile. Purchased by ArcelorMittal and Nippon Steel Corp. in 2014, the plant has served the North American market since 2010 with the capacity to produce 5.3 million tons of flat rolled carbon steel products annually.
voda 8 augustus 2022 07:10
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Al Jazeera Steel Reports 38% Slide in Profit in H1 of 2022

Strategic Research Institute
Published on :
8 Aug, 2022, 6:27 am

Oman’s leading producer of long steel products & pipes Al Jazeera Steel said that its performance in H1 of 2022 was negatively impacted by events in Ukraine. Al Jazeera Steel said “The events in Ukraine signaled sharp volatility in the market. This has led to serious disruptions as well as buying stagnation in the steel supply chain. Due to it, operational and net profits dropped by 34% and 38% respectively.

Revenue – OMR 88.5 million, up 33% YoY

Net profit – OMR 2.8 million, down 38% YoY

Production - 187,747 tonnes, down 6% YoY

Sales volumes - 206.381 tonnes, up 3% YoY

Al Jazeera Steel added that nevertheless, the company succeeded in meeting its key goals in 2022. It said “The upgrades of our merchant bar mill and tube mills are progressing as planned. Tube mill No 3 has been replaced with a modern state-of-the-art mill, in order to improve product quality, increase throughput and improve process efficiency.”

Suhar Industrial Estate based Al Jazeera Steel Products Company produces channels, angles, flats, squares, rounds, rebar & pipes.
voda 8 augustus 2022 07:11
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US DOC Announcements over Steel Nail Imports from 6 Countries

Strategic Research Institute
Published on :
8 Aug, 2022, 6:30 am

The US Department of Commerce vide 6 separate announcements has updated its actions regarding imports of steel nails from India, Korea, Malaysia, Sri Lanka, Thailand & Turkey.

India - Preliminarily determined that steel nails from India are being, or are likely to be, sold in the United States at less than fair value during the period of investigation 1 October 2020 to 30 September 2021 and has invited interested parties to comment on estimated weighted-average dumping margin

Astrotech Steels - 2.91%

Geekay Wires – 3.97%

All Others - 3.31%

Korea - Preliminarily determined that Daejin Steel and Korea Wire made sales of certain steel nails from Korea at less than normal value during the period of review of 1 July 2020 to 30 June 2021 and that the following weighted-average dumping margin exists

Daejin Steel - 4.38%

Korea Wire - 0.75%

Je-il Wire – 2.57%

Koram Inc – 2.57%

Malaysia - Preliminarily determined that the following estimated weighted-average dumping margins exist for the period 1July 2020 to 30 June 2021

Inmax - 4.89%

Region – 5.74%

Others – 5.32%

Sri Lanka - Preliminarily determined that certain steel nails from Sri Lanka are not being, or are not likely to be, sold in the United States at less than fair value in the period of investigation of 1 October 2020 to 30 September 2021 and has invited interested parties to comment on this preliminary determination.

Trinity Steel - 0.00%

Thailand - Preliminarily determined that certain steel nails from Thailand are being, or are likely to be, sold in the United States at less than fair value during the period of investigation of 1 October 2020 to 30 September 2021 and has invited interested parties to comment on this preliminary determination.

Come Best (Thailand) - 17.12%

Jinhai Hardware - 65.87%

All Others - 17.12%

Turkey - Preliminarily determines that certain steel nails from Turkey are being, or are likely to be, sold in the United States at less than fair value in period of investigation of 1 October 2020 to 30 September 2021 and has invited interested parties to comment on estimated weighted-average dumping margin

Aslanbas Chi Tel Ve Celik Hasir - 22.72%

Sertel Vida Metal - 38.38%

All Others - 35.77%

The merchandise covered by these investigations are certain steel nails having a nominal shaft or shank length not exceeding 12 inches. Certain steel nails include, but are not limited to, nails made from round wire and nails that are cut from flat-rolled steel or long-rolled flat steel bars. Certain steel nails may be of one piece construction or constructed of two or more pieces. Examples of nails constructed of two or more pieces include, but are not limited to, anchors comprised of an anchor body made of zinc or nylon and a steel pin or a steel nail; crimp drive anchors; split-drive anchors, and strike pin anchors. Also included in the scope are anchors of one piece construction.

HTSUS subheadings 7317.00.5501, 7317.00.5502, 7317.00.5503, 7317.00.5505, 7317.00.5507, 7317.00.5508, 7317.00.5511, 7317.00.5518, 7317.00.5519, 7317.00.5520, 7317.00.5530, 7317.00.5540, 7317.00.5550, 7317.00.5560, 7317.00.5570, 7317.00.5580, 7317.00.5590, 7317.00.6530, 7317.00.6560, and 7317.00.7500. Certain steel nails subject to this investigation also may be classified under HTSUS subheadings 7318.15.5090, 7907.00.6000, 8206.00.0000, or other HTSUS subheadings. While the HTSUS subheadings are provided for convenience and customs purposes, the written description of the scope of this investigation is dispositive.
voda 8 augustus 2022 07:12
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Celsa Group New Rolling Mill in Operation

Strategic Research Institute
Published on :
8 Aug, 2022, 6:33 am

Russula announced that Celsa Group’s new rolling mill, supplied by Russula, is now in operation. Showcasing Russula’s innovative technology in wire-rod mill production, the mill features Computer Vision process control. Cameras distributed along the process, together with computer vision algorithms, collect data such as shear cut length, looper status, and the detection of anomalous process conditions. The investment has given Celsa Group to the French and Benelux steel-roll markets allowing the steelmaker to add high value-added products to its portfolio.

Cameras distributed along the mill together with Computer Vision algorithms collect valuable process data: shear cut length, looper status, and the detection of abnormal rolling conditions.

CELSA Group is one of the largest ferrous scrap recycler in Europe with eight million tons of ferrous scrap melted annually in its steelworks. 90% of the waste material generated in production is recycled. The steelworks and new rolling mill are in the Boucau commune, an administrative territory in the Pyrénées-Atlantiques department, part of the Nouvelle-Aquitaine region of south-western France.
voda 8 augustus 2022 07:13
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ArcelorMittal NAFTA Steel Shipment Decline in Apr-Jun’22

Strategic Research Institute
Published on :
8 Aug, 2022, 6:35 am

ArcelorMittal NAFTA segment crude steel production decreased by 1.6% to 2.0 million tonne in Q2 of 2022, as compared to 2.1 million tonne in Q1 of 2022. As compared to Q2 of 2021, crude steel production in Q2 of 2022 declined by 10.1% YoY due to the impact from labour actions in Mexico and maintenance in Canada.

Steel shipments in Q2 of 2022 were stable at 2.5 million tonne, as compared Q1 of 2022, and declined by 5.3% as compared to Q2 of 2021. ArcelorMittal NAFTA steel shipments reported figures include shipments sourced by NAFTA from Group subsidiaries and sold to the Calvert JV that are eliminated on consolidation.

Sales in 2Q 2022 decreased by 2.8% to USD 3.7 billion, as compared to USD 3.8 billion in Q1 of 2022. Sales increased by 12.7% in 2Q of 2022 as compared to USD 3.2 billion in Q2 of 2021 primarily on account of higher average steel selling prices by 24.1% offset in part by lower steel shipment volumes. Operating income in Q2 of 2022 declined by 22.5% to USD 817 million as compared to USD 1,054 million in Q1 of 2022 and 20.9% higher as compared to USD 675 million in Q2 of 2021. EBITDA in Q2 of 2022 of USD 910 million was 20.7% lower as compared to USD 1,147 million in Q1 of 2022, primarily due to a negative pace-cost effect and impact from the labour action in Mexico (USD 0.1 billion). EBITDA in Q2 of 2022 was higher as compared to USD 746 million in 2Q 2021 mainly due to a positive pace-cost effect offset in part by lower steel shipments.
voda 8 augustus 2022 07:14
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Kardemir Reports 102% Increase in Revenue in H1 of 2022

Strategic Research Institute
Published on :
8 Aug, 2022, 6:36 am

Turkey’s integrated long steel producer Kardemir has achieved a net profit of TRY 2.29 billion (USD 127 million) in H1 of 2022 as compared to a net profit of TRY 1.42 billion in the same period last year, maintaining its financial growth momentum as in the first quarter results. Kardemir EBITDA increased to TRY 3.21 billion, up 54% YoY. Sales revenues increased by 102% YoY to TRY 12.85 billion. Kardemir produced 1.09 million tonne of crude steel, down by 13% YoY. Its sales volume amounted to 1.02 million tonnes, down by 13% YoY.

Kardemir said “Despite the fluctuations in the national and international steel markets, we are closing the second quarter of 2022 with a profit above market expectations thanks to our transparent and secure sales policy, new product development efforts, marketing and export activities, strong management and financial discipline.”
voda 8 augustus 2022 07:15
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Klockner Investing in Plate Mill at Nucor Brandenburg

Strategic Research Institute
Published on :
8 Aug, 2022, 6:39 am

Duisburg Germany headquartered steel processor & distributor Klöckner & Co has further strengthened its partnership with the US steel producer Nucor and is investing in a facility for plate processing on the campus of the new Nucor steel mill in Brandenburg in Kentucky. Nucor Steel Brandenburg will be a state-of-the-art electric arc furnace mill that will recycle scrap metal into new heavy plate steel for offshore wind towers and other infrastructure projects. The new heavy plate processing facility is scheduled to start operations in the third quarter of 2023 and is subject to environmental approvals.

With the partnership, Klöckner & Co aims to profit more strongly from the planned investments in renewable energy and infrastructure by the US-Government. The investment of Klöckner & Co is designed to drive the development of sustainable, innovative and complex solutions for the entire supply chain and extend the range of higher-value-added services.

On 23 October 2022, a ground-breaking ceremony took place at the Nucor Steel Brandenburg site in Kentucky, along the Ohio River, a strategic plant location to serve US customers. The state-of-the-art Plate Mill Complex, with its overall value of USD 1.7 billion is the largest single investment in Nucor’s history. The project is proceeding at full speed. As technology supplier for the plate & steckel mill and meltshop, Danieli started dispatching the technological equipment by end of November. The plate & steckel mill will consist of two stands: a roughing mill and a finishing & steckel mill, also able to roll plates starting from 36 inch ingots. The complete design of the mill will allow the production of thermo-mechanical rolled plates and API grades, as well as high hardness wear-resistant plates up to a final plate width of 165.4 inch and coils up to a rolled width of 125 inch. Final products will be plates and heavy plates in a thickness range of 3/16 inch up to 14 inch and coils from 3/16 inch up to 1.25 inch. When operational, the new plate mill will be capable of producing 97% of plate products demanded in the US market. The first plate is expected to be rolled in 2022.
voda 8 augustus 2022 07:15
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US to Keep AD Duty on Rebar Imports from Turkey

Strategic Research Institute
Published on :
8 Aug, 2022, 6:53 am

The US Department of Commerce has announced the preliminary results of its administrative review of the antidumping duty order on rebar from Turkey. During the review period from 1 July 2020 to 30 June 2021, Turkish producers were found to have made sales of the subject products at less than normal value and detmined weighted-average dumping margins.

Colakoglu - 1.13%

Kaptan – 5.79%

Diler Dis Ticaret - 3.92%

Icdas Celik - 3.92%

Sami Soybas - 3.92%

Additionally, the DOC preliminarily found that Habas made no shipments during the period of review, though it will not rescind the review with respect to the company.

On 14 July 2017, DOC had published the antidumping duty order on rebar from Turkey. On 31 August 2021, based on timely requests for a review, US DOC initiated an administrative review of the order, covering six companies.

The product covered by the Order is steel concrete reinforcing bar from Turkey.
voda 8 augustus 2022 07:16
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USW 2251 Declines Latest Wage Offer from Algoma Steel

Strategic Research Institute
Published on :
8 Aug, 2022, 6:54 am

SooToday reported that USW Local 2251 President Mr Mike Da Prat said that Algoma Steel's offer of CAD 6,000 signing bonuses to members of Steelworkers Local 2251 is a barometer of a lousy deal. He said “A good deal, there is no signing bonus. A bad deal has a signing bonus. The level of the signing bonus tells you how bad the deal is. It's meant to attract the short view rather than the long view. That's what the problem is. We're not about to dignify the offer by bringing it back to the members.”

Mr Da Prat was responding to a news release issued by Algoma Steel, claiming it had offered a 15.2% raise over four years, but union negotiators were refusing to take it to their membership for a vote as the message from the company is just designed to confuse the members and the real raise is 5.5%

Local 2251's collective agreement expired on 31 July. The company announced plans to start idling the mill, but both sides agreed to extend their expired contract for 15 days to allow further discussions.
voda 8 augustus 2022 07:16
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TimkenSteel Reports Strong Results for Apr-Jun’22 Quarter

Strategic Research Institute
Published on :
8 Aug, 2022, 6:56 am

TimkenSteel has reported April-June 2022 quarter net sales at USD 415.7 million and net income of USD 74.5 million as compared net sales of USD 352.0 million and net income of USD 37.1 million in January-March 2022 quarter. Net sales were USD 327.3 million with net income of USD 54.0 million in April-June 2021 quarter. TimkenSteel said “The increase in net sales was primarily driven by an increase in average raw material surcharge per ton as a result of higher scrap and alloy prices, as well as higher ship tons and base sales prices.”

TimkenSteel’s shipments increased to 208,900 tons, up by 12,500 tons from January-March 2022 quarter driven by higher industrial and energy shipments, the company said. Compared with the prior-year second quarter, ship tons decreased 2% with decreases in industrial and mobile partially offset by higher energy demand.

Manufacturing costs increased sequentially by $13.0 million primarily driven by higher maintenance and variable compensation expense. Melt utilization was 84 percent in the second quarter of 2022, an improvement from the first quarter and consistent with the prior-year second quarter. Compared with the prior-year second quarter, manufacturing costs increased $25.9 million primarily driven by inflation and an increase in maintenance costs.

TimkenSteel expects expects adjusted EBITDA to remain strong in the third quarter with steady customer demand. It said “Third quarter adjusted EBITDA is anticipated to be lower than the second quarter primarily driven by a market decline in scrap prices, which is expected to reduce surcharge revenue per ton, as well as the impacts from a recent operational disruption, which it estimates will result in melt shop downtime through mid-August.”

TimkenSteel is an independent company with a century-long history. It began as the steel business of The Timken Roller Bearing Company, founded by carriage maker and inventor Henry Timken and his two sons. TimkenSteel has its roots in continuously improving steel for one of the most demanding applications, bearings.
voda 8 augustus 2022 07:17
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SAIL RSP Achieves Best Ever April-July Performance

Strategic Research Institute
Published on :
8 Aug, 2022, 7:00 am

Steel Authority of India Limited’s Rourkela Steel Plant has recorded its best ever April-July production performance in key areas in the fiscal 2022-23. During April-July the plant produced 1.435 million tonnes of hot metal, 1.329 million tonnes of crude steel & 1.224 million tonnes of saleable steel, up by 5% YoY, 5% & 9% respectively, thereby scripting its best ever performance in these three vital areas.

The Steel Melting Shop-II contributed 1.173 million tonnes of crude steel, up by 5% YoY while Sinter Plants produced 2.359 million tonnes.

By dispatching 1.224 miliontonnes of saleable steel, RSP clocked its best ever April-July despatch, thereby improving upon its earlier best performance of 1.149 million tonnes achieved in CPLY.

One of the major highlights of the above period is the successful rolling of 2.3 millimeter thick SAILCOR Hot Rolled Coil from the State-of-the-art Hot Strip Mill-2 to enter niche market segment. Notably, the ultramodern Mill which is making rapid strides in the stabilization process also carried out trial rolling of newer grades MC40, API X70 and rolling of coil with 2000 mm of width and up to 5 mm thickness and wider LPG coil with 1680 mm width during the period.
voda 8 augustus 2022 15:27
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Italy could inject €1 billion into Acciaierie d'Italia
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The Italian government may inject between €500 million ($509m) and €1 billion into troubled steelmaker Acciaierie d’Italia, formerly known as Ilva, the minister for economic development Giancarlo Giorgetti has announced.

The funds will be released thanks to a new decree called “Aiuti Bis” prepared by the Ministry for economic development (Mise) to save the company, a joint venture between ArcelorMittal and state-owned Invitalia, from its current liquidity crisis. The steelmaker is heavily reducing output due to the current deteriorated market conditions and also a lack of liquidity to buy raw materials, sources close to the company tell Kallanish.

Acciaierie d’Italia mothballed BF No.2 until the end of August amid the downturn in prices and demand in the global coil market. At present, Acciaierie d'Italia’s Taranto facility is operating BFs Nos.1 and 4, one of which sources say will be mothballed. In June, two galvanizing lines were also idled due to deteriorating demand for coil. At the end of 2021, the steelmaker mothballed blast furnace No.4 because of a technical issue. In October 2021, BFs Nos. 1 and 4 were restarted. The latter was idled for about seven months and the company spent €70 million on upgrade works (see Kallanish passim).

Chief executive officer Lucia Morselli told the Italian press the production target for this year at 5.7 million tonnes is confirmed. In 2021 the company reached a turnover of €3,3 billion and 4 million tonnes of steel production, sources say.

Natalia Capra France
voda 9 augustus 2022 06:43
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Vallourec Using X80 Grades for Risers & Flowlines in Deepwaters

Strategic Research Institute
Published on :
9 Aug, 2022, 6:06 am

Ultra deepwater offshore projects, defined as those of 1,500 meters and deeper, create very specific engineering challenges as extreme depths result in high hydrostatic pressure which can lead to collapse issues or buckling during installation phases. In addition, longer risers with increased load will experience fatigue during their lifetime. Lastly, ultra-deep field development, with its complex layouts and installations, calls for more accessories, such as buoyancy modules, which generate higher project costs. To rise to the challenges of demanding line pipe projects, Global seamless pipes leader Vallourec has developed a comprehensive pipe grade portfolio, which includes the X80 steel grade.

By meeting the material challenges for operational welding, Vallourec’s X80 steel grade offers both sour service and fatigue sour service resistance. The benefits of risers made of X80 grade include:

1. Reduced wall thickness compared to standard X65 line pipe grades for similar design pressures

2. Less weight, reducing the need for buoyancy modules

3. Less steel manufactured per project, meaning reduced CO2 emissions

4. Greater flexibility for pipe laying by the installation vessel

Vallourec’s first seamless X80 grade has now been delivered for pipes with heavy wall thickness up to 40mm and for mild sour applications NACE region 2. For such applications, X80 guarantees a maximum hardness below 280 HV10 on the pipe, and an average toughness of 300J at minus 30 degree Celsius. Vallourec has been developing the X80 solution over the last 10 years, working with various engineering, procurement, and construction partners who attest to its impressive performance in mild sour environments. Vallourec, together with Subsea 7 and ExxonMobil, have performed small-scale sour service fatigue tests of pipes and welds. These results have highlighted comparable corrosion fatigue performance for X80 welds and standard welds on X65.

Continuously innovating to push the boundaries of material grades, Vallourec is now working on the next X80 steel grade concept to address full sour service applications in NACE region 3. This solution is targeting wall thicknesses below 30 mm. Thanks to specific composition and manufacturing processes, lower hardness will be achieved for the pipe and subsequent welds. The first four point bend tests performed on this new concept, all following NACE TM0316 standards, are already showing good performance.

In a project where riser made of 41mm thick pipes in X65 steel required the use of buoyancy modules in what is known as a Steel Lazy Wave Riser configuration. In this specific case, using X80 reduced wall thickness of the riser pipe to 32mm, which in turn eliminated the need for buoyancy modules. By enabling a steel Catenary Riser Configuration, X80 can lower project installation costs. Indeed, reducing wall thickness eliminated more than 2,000 tonnes of steel production, which translated to cost savings of around USD 2,800 per tonne. It also shortened installation time by a full 12 days and saved up to 3,500 tonnes of CO2 emissions.
voda 9 augustus 2022 06:44
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Hoa Phat Order Two Vessels to Meet Increasing Transportation Needs

Strategic Research Institute
Published on :
9 Aug, 2022, 6:11 am

Vietnamese steel giant Hoa Phat’s Hoa Phat Shipping has signed a contract with Ha Long Shipyard to build two dry-bulk carriers with a capacity of 24,500 tonnes to meet the Hoa Phat's raw material and finished product transportation needs. These two dry-bulk carriers are expected to enter service in the fourth quarter of 2023 and help optimize the steel product production and supply chain.

In addition, Hoa Phat Shipping Company owns three large Kamsarmax series vessels ranging in tonnage from 80,000-90,000 tonnes, transporting bulk cargoes and serving one of Hoa Phat Group's transportation needs for coal and ore materials.

In the long-term strategy, Hoa Phat plans to have 15-20 vessels of all types to meet the growing demand for transportation of raw materials and finished products, especially after the completion of the Dung Quat 2 Integrated Steel Complex project.
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US Continues AD Duty on Ferrovanadium from Korea

Strategic Research Institute
Published on :
9 Aug, 2022, 6:09 am

The US Department of Commerce in expedited sunset review found that revocation of the antidumping duty order on ferrovanadium from Korea would be likely to lead to continuation or recurrence of dumping. US DOC determined that revocation of the Order would be likely to lead to continuation recurrence of dumping at dumping margins up to 54.69%

On 15 May 2017, US DOC published the AD order on ferrovanadium from Korea. On 1 April 2022, US DOC published the notice of initiation of this sunset review after receiving a notice of intent from the Vanadium Producers and Reclaimers Association and its members AMG Vanadium & US Vanadium. The domestic interested parties claimed interested party status. US DOC received an adequate substantive response to the notice of initiation from the domestic interested parties but did not receive a substantive response from any respondent interested party. On 24 May 2022, US DOC notified the US International Trade Commission that it did not receive an adequate substantive response from respondent interested parties.
voda 9 augustus 2022 06:45
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TMK’s ETERNO Develops Self-Propelled Car Pusher

Strategic Research Institute
Published on :
9 Aug, 2022, 6:13 am

Russian steel pipe maker Pipe Metallurgical Company TMK’s ETERNO has mastered the production of equipment for metallurgical production, a self-propelled wagon pusher. The new product with a length of 7 meters, a width of 2.5 meters and a weight of more than 23 tonnes with a carrying capacity of 120 tonnes is designed to move railway cars between the aisles of the metallurgical shop to the area of technological operations, as well as to move hot-rolled coils. The self-propelled car pusher is equipped with an electric motor, a control cabinet and a cable drum.

TMK ETERNO's portfolio includes several dozens of implemented engineering solutions for a new product line of heavy engineering, manufactured according to individual projects. These include the roller segments of a continuous casting machine, a mobile molten iron mixer, a turntable support frame, steel ladles, containers for transporting coiled steel, and an arc furnace bath.
voda 9 augustus 2022 06:46
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MMK Automates Rail Logistics Control System at Magnitogorsk

Strategic Research Institute
Published on :
9 Aug, 2022, 6:19 am

Russian steel maker Magnitogorsk Iron & Steel Works has launched an automated system for monitoring the availability of rail and freight cars at its long products mill. The new development by MMK Informservice & automation solutions provider KonsOM SKS enables the monitoring of product transportation and record keeping at MMK’s forming shops. The new system is designed to provide information support on product-carrying railcars throughout their journey through the mill’s routes, and timely notification to supervisors on any irregularities. The system will not only be able to monitor the availability of railcars in real time, but also their identification, as well as incoming and outgoing freights. This technology will also make it significantly easier to investigate potential incidents, thereby helping to reduce the risk of metal products theft.

MMK-Informservice specialists have integrated the new system into the existing video surveillance control for the safety of MMK’s inventories, allowing for a variety of data to be promptly received on the list of recognized & unrecognized railcars. All information collected is processed and stored within the system.

At present, the automated railcar control system has been implemented at the long products mill. In September, it is planned to be launched at the thick rolling plant, and at rolling mills No 5 and 11 by the end of the year.
voda 9 augustus 2022 06:46
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Ship Recycling Lifeless at Present

Strategic Research Institute
Published on :
9 Aug, 2022, 6:15 am

World's leading cash buyer of ships for recycling GMS said that “Sub continent markets are going to be seemingly deprived of tonnage in the foreseeable future, as recycling rates continue their downward descent and tighter restrictions are placed on importing large LDT tonnage into Bangladesh and now Pakistan with limits on large USD value LCs. Firm chartering freight rates across the board are also seeing ship owners preferring to maintain their vessels for further voyages, rather than deal with the ongoing headaches associated with present day sub-continent recycling, despite seeing some of the firmest recycling rates in a while, all the challenges currently associated with questionable performances and a shortage of local funds to have LCs open in a timely manner.”

GMS said “Any vessel already in cash buyer hands are now threatened with unworkable levels and delivery terms from various markets and it now seems that almost every ship sold for recycling will have to turn to trading markets as an alternative, so lifeless is the ship-recycling industry at present.”

GMS also said “It is also a traditionally quieter period being summer & monsoon season & holiday period, not only in the sub-continent markets that are beset with torrential monsoon rains and see most yards slowdown as laborers return to their home towns, but it’s also the time of year when Ship Owners and Brokers head out on holidays, particularly after missing out for the last few years due to COVID.”

GMS added “On the far end, the Turkish market continues to stagnate through its predicament, with no noteworthy change to report this week and slightly lower levels from last.”

GMS concluded “As such, with dire fundamentals and little to no firm tonnage available in the market to work on, it seems set to be an extremely bleak few weeks & months, perhaps even until the end of the year, whilst recycling markets get a chance to reset & stabilize and allow larger value transactions before the next cycle of ship recycling starts again.”

GMS Price Assessment - India/Bangladesh/Pakistan – Week 31

Dry Bulk – USD 550-570 per LDT

Tankers - USD 560-580 per LDT

Containers - USD 570-590 per LDT
voda 9 augustus 2022 06:46
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US Opens Anti Circumvention Probe on Steel Pipes from Vietnam

Strategic Research Institute
Published on :
9 Aug, 2022, 6:17 am

US Department of Commerce in response to requests from Atlas Tube, Bull Moose Tube, Maruichi American Corporation, Nucor Tubular Products, Searing Industries, Vest Inc, Wheatland Tube & the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union, AFL CIO & CLC has initiated Circumvention Inquiries on the Antidumping and Countervailing Duty Orders on Circular Welded Carbon Quality Steel Pipes from China, Korea, India & Taiwan. The probe is focused on steel pipes, which are completed in Vietnam from hot-rolled steel produced in China, Korea, India or Taiwan.

On 17 May 2022, domestic interested parties filed circumvention inquiry requests alleging that circular welded pipe & tube completed in Vietnam using HRS manufactured in China, India, Korea, or Taiwan are circumventing the orders on pipe products from those countries and accordingly, should be included within the scope of the orders.

On 2 June 2022, SeAH Steel VINA filed opposition comments in response to the domestic interested parties request regarding the Circular Welded Pipes & Tubes allegations but the comments did not address the Light Walled Rectangular Pipes & Tube and Light Walled Welded Rectangular Carbon Steel Tubing allegations. On 13 June 2022, US DOC extended the deadline to initiate these circumvention inquiries by 15 days. On 28 June 2022, the domestic interested parties filed their responses to our supplemental questionnaires. On 1 July 2022, US DOC issued the supplemental questionnaires because it found that the requests to conduct circumvention inquiries were insufficient for purposes of initiation. Additionally, US DOC clarified that it considers the initial requests and supplementary information together to constitute the applications for circumvention inquires, and that based on the date that the domestic parties filed the supplemental information, US DOC considers the inquiry requests to have been filed on 28 June 2022.
voda 9 augustus 2022 06:47
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Northwest Pipe Reports Strong Results for Apr-Jun’22 Quarter

Strategic Research Institute
Published on :
9 Aug, 2022, 6:21 am

Vancouver Washington headquartered leading US manufacturer of water related infrastructure including engineered pipeline systems and precast products Northwest Pipe Company has reported that net sales in April-June 2022 quarter increased by 61% YoY to USD 118.5 million while net income was USD 9.7 million as compared to USD 2.1 million in April-June 2021 quarter. Northwest Pipe Company President & Chief Executive Officer Mr Scott Montross said “The integration of ParkUSA is on schedule and we remain very excited about the potential of our newest acquisition. Our Precast business continued to be very strong during the second quarter, producing revenue of USD 41.4 million, a gross margin of 31.3% and a record order book that ended the quarter at nearly USD75 million. Despite some of the current economic headwinds, we expect the Precast business to remain strong for the near term.”

Mr Montross added “Our Engineered Steel Pressure Pipe business continued to experience solid bidding and ended the second quarter with a strong backlog including confirmed orders of USD 338 million. While the first half of 2022 was projected to be the high-water mark for backlog, we expect it to remain fairly high compared to historical standards for the balance of the year. In the second quarter, our SPP business generated revenue of USD 77.1 million and gross margins of 14.4%. For the third quarter of 2022, our SPP business was on track to generate similar revenue and improving margins compared to the second quarter of 2022. However, recent severe weather events in late July and early August forced shutdowns at both Adelanto in California and St Louis in Missouri plants due to flooding which may adversely impact our revenue and margins if the shutdowns become extended. As such, we currently anticipate our third quarter SPP revenue could be down slightly from the second quarter of 2022 with gross margins that are flat to modestly higher.”

Founded in 1966, Northwest Pipe Company is a leading manufacturer for water-related infrastructure products. In addition to being the largest manufacturer of engineered steel water pipeline systems in North America, the Company manufactures high-quality precast and reinforced concrete products; water, wastewater, and storm water equipment; steel casing pipe; bar-wrapped concrete cylinder pipe; and one of the largest offerings of pipeline system joints, fittings, and specialized components. Strategically positioned to meet growing water and wastewater infrastructure needs, Northwest Pipe Company provides solution-based products for a wide range of markets under the ParkUSA, Geneva Pipe and Precast, and Permalok lines. The Company is headquartered in Vancouver in Washington, and has 13 manufacturing facilities across North America.
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