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Spot iron ore holds near 5 month low

Reuters reported that spot iron ore prices stayed near their weakest level in more than five months, reflecting slow demand from top importer China where steel mills are in no rush to snap up cargoes amid a soft market.

Chinese iron ore futures bounced back slightly after plumbing a fresh contract low and Shanghai steel edged up but not far above a record trough reached last week.

According to data compiled by Steel Index, ore with 62% iron content for immediate delivery to China .IO62-CNI=SI was little changed at USD 130.90 a tonne on Monday versus Friday's USD 130.70, its weakest level since August 5.

High stockpiles of iron ore at Chinese ports after recent brisk shipments show there is limited appetite for the raw material among mills. Inventories of imported iron ore at major Chinese ports stood at 91.4 million tonnes last week, up more than 2 million tonnes from the previous week, based on data from industry consultancy Mysteel.

Chinese mills have in past years restocked heavily on iron ore ahead of the week long Lunar New Year break, sending spot prices to near USD 160 in January last year ahead of the holiday that fell in February. But traders say the appetite is more limited this year ahead of the holiday that begins on January 31st 2014.

An iron ore trader in Shanghai said that there is still some restocking going on, but people are buying in small volumes of 5,000 tonnes to 10,000 tonnes. Persistently high borrowing costs, lower winter construction demand, nervousness over property market changes and the upcoming Chinese holidays are reducing demand for steel and iron ore in China, the world's biggest consumer of the commodities.

China's interbank rates have eased from recent highs although banks remain uneasy with the approaching Lunar New Year holiday which puts massive pressure on cash supply.

The most-traded rebar contract for May delivery on the Shanghai Futures Exchange was up 0.5% at CNY 3,487 per tonne by midday. It touched a record low of CNY 3,441 on Friday amid weak demand for the construction steel product.

Source - Reuters
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Tata Steel opens UK's largest plate service centre

TATA Steel has today opened the UK’s largest profiling centre for steel plate in the West Midlands, increasing its plate processing capacity in the region by up to 50 per cent.

The new Profiling Centre, at Steelpark in Wednesfield, transforms steel plate into a multitude of shaped and machined components, from high-volume production runs for off-road vehicle wheels and booms for earth-moving equipment, to large one-off components for construction projects and specialist engineering applications.

The £3.1 million facility provides a step change in Tata Steel’s capability to supply plate that has been cut and finished to exact size, shape and quality specifications. Steelpark’s profiling capacity will be increased to 47,000 tonnes per annum.

Paul Steele, Managing Director at Tata Steel Distribution UK and Ireland, said: “This investment is one of a series of developments that is strengthening Steelpark’s position as one of the key foundations for UK manufacturing. We are transforming the UK’s largest steel service centre into an operation that is entirely focused on meeting customer requirements and supporting their success.”

The development amalgamates Tata Steel’s plate cutting and machining capability into a single facility able to offer a comprehensive suite of tailored processing services to meet customers’ specific requirements.

The investment will shorten order and delivery times, enabling Tata Steel to offer a range of benefits to customers in the lifting & excavating and construction sectors, including greater consistency of quality and a single point of contact for the purchasing process.

Source – Strategic Research Institute
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ThyssenKrupp Materials France testing new hybrid truck in Paris

ThyssenKrupp Materials International attaches great importance to environmental protection and sustainability

To minimize oil consumption in the future ThyssenKrupp Materials France is currently testing the use of new hybrid trucks in Paris in a collaboration with Renault Trucks and haulage group Norbert Dentressangle.

The 16 ton state-of-the-art Melodys III has a range of 60 kilometers in electric mode and a total range of over 400 kilometers. The tests have been running since June 2013 and are due to be completed in January 2014.

The rechargeable production hybrid drive combines a pure electric mode with a hybrid drive system to provide a total range of several hundred kilometers. It allows the truck to carry out deliveries both in zero emission zones, usually in the city center, and in industrial zones on the outskirts of the city, all in a single trip.

The vehicle is equipped with a PVI electric drive with 103 kW/400 V electric motor, lithium-ion batteries with a total capacity of 85 kWh, a DXi 5 diesel engine and a 70 kW generator. The batteries can be recharged in four hours from a three-phase power supply at 380 volts and 64 amps.

The truck carries three to seven meter long steel girders, pallets containing smaller parts, as well as one to three meter long steel plates.

Mr Serge Weber, President of ThyssenKrupp Materials France SAS said that “With 500 deliveries a day, transport is one of the central activities in our process chain and our second-biggest cost factor. For us the pilot project is an opportunity to explore whether the use of hybrid trucks is a viable alternative for the future.”

Source - Strategic Research Institute
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Steam of hot flue gases saves energy at steel mills

A new solution from Siemens takes advantage of hot flue gases from arc furnaces to generate steam. This steam can then be used for other steel mill processes or for generating electricity. In the past, flue gases were usually not utilized, so the energy they carried was lost. The system consists of steam boilers, pipes, water tanks, and pumps and can be directly integrated into the existing flue gas cooling system. Theoretically, the system could entirely replace conventional cooling.

A feasibility study carried out at a steel mill in Turkey revealed potential savings of 44.5 KWH of electricity per ton of steel produced. That corresponds to around ten percent of the electrical energy that is normally required. If the steam were used to preheat the feed water for the steel mill's power plant, for example, the mill would save 45,000 tonnes of coal per year.

Electric arc furnaces melt steel scrap under arcs heated to a temperature of about 3,500 °C using high-voltage electricity. Depending on the specific furnace operation, up to one third of the energy used escapes in the flue gases. Normally these flue gases which can be as hot as 1,800 °C - are extracted from the furnace through water-cooled pipes. Because this cooling water circulates within a closed system, it cannot be permitted to form steam. Cooling towers dissipate the excess heat.

This is where the solution developed by the experts at Siemens Metals Technologies comes in. The hot flue gas is diverted into a steam generator, where it flows around pipes filled with water. The heat from the gas turns the water into steam. A sophisticated system of nested heating surfaces ensures that heat is transferred from the flue gas as efficiently as possible. Special recirculation pumps ensure that the steam boiler is adequately cooled.

The system can handle fluctuations in flue gas temperature and volume, and it is specially designed to deal with the high levels of dust, some of which is corrosive, in the flue gas. Continuous steam production, such as that required for generating electricity, can be achieved through the installation of optional storage buffers known as "steam accumulators."

The heat from the flue gas can be recovered even more efficiently if the gas is directed through an "economizer" after it leaves the steam boiler. In the "economizer" the gas flows around a second system of pipes, where the remainder of its heat is used to preheat the feed water for the steam boiler.

The steam generation system has a modular construction and can be easily adapted to the specific requirements of each plant. This makes it especially easy to modernize existing steel mills.

Source - Siemens.com
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Fortescue buys up iron plants

The Australian reported that Fortescue Metals Group has purchased two iron ore processing plants at its Christmas Creek iron ore mine from mining contractor Mineral Resources as it continues to respond to two recent fatalities at the project.

Fortescue announced late that it would assume ownership and operational responsibility at the two plants, with chief executive Mr Nev Power indicating the decision was linked to efforts to overhaul safety culture at the operation.

Safety at Christmas Creek came under scrutiny last August after an electrician was crushed to death at one of the processing plants. Fortescue took over the management of the processing plants from Mineral Resources' subsidiary Crushing Services International and later absorbed the 121 CSI contractors on site into its own workforce.

Another worker was killed at Christmas Creek late last year, prompting Western Australia's Department of Mines and Petroleum to issue special directions for Fortescue to tighten its safety procedures.

Source – The Australian.com

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Outlook for iron ore turns gloomier

SMH reported that analysts are lowering their iron ore price forecasts amid seasonal weakness in steel demand, higher port inventories and growing seaborne supply.

Commonwealth Bank analysts said that the iron ore price has eased slightly since the start of the year, with spot prices softening on higher inventories at ports and slowing crude steel output.

The slowing steel output and weaker steel prices in turn reflected lower winter demand and measures in China to curb pollution from sinter and coke plants. The iron ore price ended last week at USD 130.70, its lowest levels in five months, following five straight days of losses.

Shares in some of Australia's iron ore miners weakened last week amid fears of an economic slowdown in China and despite a healthy growth in total exports at Port Hedland in Western Australia in December.

The monthly record even came as Tropical Cyclone Christine saw the port temporarily close. Official figures released late last week also showed that Chinese demand for iron ore soared by 10% to 820 million metric tonnes.

Commonwealth Bank analysts said that they expected the downward pressure on iron ore prices to be partly offset by closures of expensive Chinese domestic iron ore capacity if prices slip below USD 120 per tonne and moderate steel output growth this year of about 5% after last year's rise of 8.5%.

In the short term, restocking ahead of the Chinese New Year holiday period in late January and early February, as well as the wet season in the southern hemisphere, could see the price range bound between USD 125 per tonne to USD 135 per tonne.

The analysts said that the iron ore forward curve has edged lower, in line with the recent fall in spot prices from USD 135 per tonne to USD 140 per tonne towards USD 131 per tonne currently. Notwithstanding steep backwardation in the next year, the curve continues to hold above USD 110 per tonne further out.

Source – SMH.com
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Goede morgen liefhebbers van het hete staal,

LONDEN (AFN/BLOOMBERG) - Mijnbouwconcern Rio Tinto heeft in het vierde kwartaal van 2013 een recordhoeveelheid ijzererts geproduceerd. De productie steeg met 7 procent tot 55,5 miljoen ton.

Rio Tinto voerde de productie van de grondstof voor staal op in verband met een hogere Chinese vraag. Om aan de stijgende vraag te voldoen, gaat Rio Tinto zijn productiecapaciteit in het westen van Australië met een kwart uitbreiden.

Rio Tinto is 's werelds op één na grootste exporteur van ijzererts, na het Braziliaanse Vale. Het concern draaide in 2012 een omzet van 24 miljard dollar uit de productie van ijzererts, voornamelijk uit Australische mijnen.

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POSCO Steel plant first to come up in green Raigad

TOI reported that POSCO's steel plant in Raigad district will be the first to come up in an eco sensitive area as demarcated by the Dr K Kasturirangan high level working group (HLWG).

The HLWG recommendations were accepted in principle by the union ministry of environment and forests late last year. The state environment impact assessment authority (SEIAA) had decided to grant environment clearance to the INR 950 crore project as it was submitted in May 2012, much before the ministry's April 2013 deadline for submission of project proposals.

The plant will come up in the MIDC industrial area in Mangaon taluka. The SEIAA has, however, sought clarification on the total energy to be consumed by the plant in comparison to similar units in India and across the world. It has also pointed to a discrepancy in the green area to be developed. While the area statement mentions 3 lakh sqm, the area shown as green zone is 1.14 lakh sqm.

A POSCO official said that 3 lakh sqm was for Phase I and II. Phase I has already got an environment clearance. The proposal is for Phase II, for which the green zone is 1.14 lakh sqm. We shall clarify the matter before the SEIAA. As for energy consumption, it could not be compared to other plants since this one will be a green plant.

Source – Times of India
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Steel fabricator AIM Steel eying expansion amid positive order book

US based AIM steel international Corp, which has undergone phenomenal developments through mergers and acquisitions during 2012 and 2013, is upbeat on business prospects in 2014

While most sales of most fabricators in US has plummeted by 30% to 50% resulting in hard time, layoffs and even bankruptcy for few, ASI completed several projects in the USA, Guam, Indonesia, Baghdad, Pakistan, Paraguay, Central America, Germany to name a few in 2013.

In fact ASI experienced so much growth that it is currently in the process of acquiring engineering and architectural company to help with its design build projects.

For 2014 ASI is expecting sales to increase by another 70 million above its already record breaking profitable 2013 year.

After becoming part of the steel Institute of development Growth ASI has travelled around the globe promoting steel in countries that show low per capita steel consumption. They are also recommended by the USA Department of Defense, as well as many foreign countries, private, & government sectors.

Aim Steel International is a leader in single source responsibility for all aspects of structural steel construction, from initial design and engineering, through fabrication. It’s fabrication capabilities range from simple projects of 100 tonnes to major project of 8000 tonnes.

Source – Strategic Research Institute
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Baosteel net profit in 2013 down 40Pct

Baosteel announced that its net profit in 2013 declined from CNY 10.386 billion in 2012 to CNY 5.781 billion down 44.34% YoY.

Source - www.steelhome.cn/en
China steel information centre and industry database
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United Steelworkers president blasts Chinese trade practices

Mr Leo Gerard president of United Steelworkers International issued the following statement after the Mr Obama Administration’s announcement on Monday that it would challenge China’s refusal to comply with its WTO obligations regarding grain oriented, flat rolled electrical steel (GOES).

Once again, China demonstrates that it refuses to live by the promises and commitments it made when it joined the World Trade Organization (WTO). The Obama Administration’s actions today show that they recognize that enforcing international trade laws is important to jobs. We applaud their action and their willingness to pursue China’s ongoing cheating.

The products covered by this action are made by USW members. Although our members make high-quality products at competitive prices, China refuses to open its market to us. Instead, it continues to pursue a one-way trade policy. China’s actions in this case alone cost America a quarter-of-a billion dollars in exports.

After being found to have violated international trade rules by illegally imposing tariffs on US exports, China refused to comply with the WTO’s decision. It issued a new determination and simply continued to apply duties on US exports.

It is time for China to live by the rules or face the consequences. The American people are sick and tired of China cheating while we continue to open our market to their illegally traded and unfairly priced products. Subsidies, currency manipulation, and intellectual property theft represent just a fraction of China’s protectionist and predatory policies that have allowed them to build up huge trade deficits, decimate our manufacturing sector, steal our jobs, and fuel rising income inequality here in the United States.

The USW has worked closely the past several years with the Obama Administration, especially the office of the United States Trade Representative (USTR), in helping to identify and fight unfair foreign trade practices. While budget pressures face all agencies, the USTR’s enforcement efforts should be fully funded by Congress because enforcing these laws saves jobs and creates new opportunities. Congress must act quickly to provide the Administration all the funds it needs to enforce our trade laws.

Source – Strategic Research Institute

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Excess global steel capacity matter of concern as demand subdued

While crude steel production growth in China is maintained at 7.8% in the first 11 months of last year, the level of consumption is surely coming down. With exports not exhibiting a quantum jump in 2013, the excess capacity syndrome is going to plague the Chinese steel industry in 2014.

A recent report estimated excess global capacity of steel at around 542 million tonne. The report suggests that China carries around 46% of excess global capacity.

Although China is committed to close substantial capacity annually on account of environmental considerations, a few fresh capacity additions would be undertaken by state-owned enterprises. So, if the demand scenario in China continues to be weak and exports go on as usual, the excess capacity earlier estimated may surface.

Product wise analysis may throw some additional facts. In HR coils, the current capacity of 217 million tonne in China has to meet full domestic demand, leaving an exportable surplus resulting in 95% capacity utilization.

In CR coils/ sheets, the current Chinese capacity of 140 mt is to cater to domestic demand and exports. In the case of galvanized products, current capacity of 66.5 mt has been created with utilization rate pegged at not more than 53%.

As regards Plate, the current capacity has been estimated at 89 mt with current capacity utilization around 75% and primary demand emanating from shipbuilding and machinery and equipment sectors. The same report has identified excess capacities at 106 mt in EU, 81 mt in CIS countries, 63 MT in Japan, 15 MT each in the US/ Canada and Latin America and 14 MT in the rest of the world.

Source – Financialexpress.com
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Green panel to consider ArcelorMittal mining and steel project in India

Economic Times reported that days after approving long pending Posco's steel project, the Environment Ministry has called a meeting of its top advisory body this week to consider giving go ahead to iron ore mining project of ArcelorMittal's USD 12 billion steel plant in Jharkhand.

A highly placed source said that "The Forest Advisory Committee of the Environment Ministry will be meeting for granting Stage I forest clearance to ArcelotMittal's iron ore mining project in Karampada forest reserve in Jharkhand."

After FAC's recommendation, the proposal will be sent for final approval from Environment Minister Mr M Veerappa Moily. A clearance to the project will pave the way for ArcelorMittal going for prospecting of iron ore in the mine.

ArcelorMittal's plans to construct mega steel plants in India have not been successful so far. Last year it had exited from a similar USD 12 billion project in Odisha, while things have not been moving fast in Jharkhand as well. Many of its employees have also quit in recent times for want of work.

Source – Economic Times
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Spot iron ore falls below USD 130 CFR China

Reuters reported that spot iron ore prices dropped below USD 130 per tonne to the lowest level in six months as a sluggish outlook for steel demand limited appetite from Chinese mills, most of which are well stocked in the raw material after recent hefty imports.

According to data compiler Steel Index, Iron ore for immediate delivery to China's Tianjin port .IO62-CNI=SI fell 1.1% to 129.50 per tonne on Tuesday, its cheapest since July 16.

The commodity's last brush with the below USD 130 level was in early August after which it quickly rebounded to a high of USD 142.80 in the middle of that month as the price drop and a firmer steel market drew buyers back. But a similar price revival is unlikely this time.

Source – Reuters
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ArcelorMittal Bremen orders combined sampling and packaging line for steel grades

ArcelorMittal Bremen has placed an order with SMS Logistiksysteme, both Germany for the supply of a fully automated sampling station for X-grade line pipe steels including a connected packaging line.

By the new plant, ArcelorMittal Bremen, producer of high strength steel grades, will be able to boost its production as a result of shorter throughput times in the areas of sampling and packaging and process shipping orders just in time. Commissioning is scheduled for the autumn of 2014.

The new line will be the first to incorporate several new developments by SMS Logistiksysteme. The key component will be the high performance sampling shear for high-strength and ultra high strength steel grades. It is able to cut strip thicknesses of 1.5 to 28.3 millimeters.

The strapping machine for high-strength steel strip commenced operation in the hot-strip dispatch area at ArcelorMittal Bremen as early as in April 2013. Now, strapping by two to three bands replaces the common practice of wrapping up to 20 circumferential bands around each coil and of manually welding together the outer coil windings to prevent the high strength steel strip coils from springing open.

The processing stations will be designed for parallel operation and connected by an end to end transport system. The coils will rest on asymmetric cradles with a wide support span. These cradles have been specifically developed for high-strength steel grades, to ensure safe handling during transport and processing.

The integrated line concept developed by SMS Logistiksysteme allows steelmakers to take samples of and strap their whole product portfolio from standard to ultra-high-strength steel grades in a single facility. This concept may also be adapted to hot operation with coil temperatures of up to 800 degrees Celsius in order to connect the facility directly to the hot rolling mill and process the coils in the transport line fully automatically.

Source – Strategic Research Institute
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Imported iron ore stockpiles up in China

Xinhua reported that stockpiles of iron ore at 25 major Chinese ports increased last week. At the end of the January 7th to 13th 2014 period, inventories of imported iron ore stood at 88.57 million tonnes up 3.14 million tonnes or 3.68% over the previous period.

The index, compiled through research and analysis of 25 sea ports, showed that the price index for iron ore imports with a 62% purity grade dropped 3 points from the previous week to 132. The index for imports of 58% purity grade also dropped 3 points to 119.

The report said that most traders still maintained a wait and see attitude toward iron ore products as the downstream market did not rebound. It predicted lackluster trade in the iron ore market ahead of the Spring Festival, or Chinese Lunar New Year, that falls on January 31 this year.

Source – Xinhua
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ArcelorMittal will share Liberia iron ore rail with Guinea miners

Reuters reported that ArcelorMittal will have to share the Liberian rail line it is using to export iron ore with Sable Mining and others miners in Guinea who request access.

Mr Amara Konneh finance minister of Liberia said that the country which neighbours Guinea, has an existing rail link to the Buchanan port in the Atlantic and offers a far shorter export route from deposits such as the giant Simandou project and Mount Nimba in Guinea, which is vital for mines to be profitable at current prices. The rail line is currently operated by ArcelorMittal , the world largest steelmaker.

Mr Konneh said that "ArcelorMittal is open to the multi-use of the rail because it is enshrined in the mineral development agreement signed with them. The government of Liberia would like to use its rail as much as possible for economic integration that is going to benefit both sides. So this year I will be travelling between Guinea and Liberia bringing all the stakeholders together so that we can close this deal (between Sable and ArcelorMittal)."

He said that the Guinean government has so far granted permission to export through Liberia only to Sable Mining, which is aiming to start production in 2015 and hit 5 million tonnes per year output after that. To allow more companies to use the line though works need to be undertaken to expand its capacity and the companies wishing to use such lines will have to pay the bill for that. Adding a second rail line is also an option.

A spokeswoman for ArcelorMittal said that the firm is willing to discuss availability on the Yekepa to Buchanan railway with third parties who may want to use available surplus capacity without interfering with ArcelorMittal Liberia operations.

It is unclear whether ArcelorMittal currently has spare availability for third parties but the steelmaker is ramping up its iron ore mining operations in Liberia and expect its production will grow from around 4 million tonnes a year to 15 million in 2015.

Source – Reuters
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TATA Steel wants stronger manufacturing presence in Westminster

A North East steel maker has warned the Government must appoint a manufacturing minister to stop a widening North South divide.

TATA Steel, which employs about 1,500 workers in plants across the region said that the Coalition must give manufacturing a stronger presence in Westminster.

Dr Karl Ulrich Koehler, TATA's European operations chairman said that “The move would champion the UK's foundation industries, such as chemical, glass, metal and cement makers and galvanize the UK economy outside the South East. However, Business Secretary, Dr Vince Cable has dismissed the notion, claiming such a move would be a token gesture.”

Dr Koehler said that the presence of a new minister would also help combat increasing energy costs which could force some firms out of the UK, and tackle a worrying skills shortage.

The warning comes after a report from PricewaterhouseCoopers highlighted the North-East as one of the UK's largest foundation industry employers. The foundation industry sector, which employs about 500,000 UK workers and accounts for GBP 69 billion turnover every year, contracted by about a quarter in the recession.

Dr Koehler said that “This report makes clear how important foundation industries are to the UK. Much of the innovation seen in parts of UK manufacturing and construction in recent years wouldn’t have been possible without home-grown foundation industries working hand-in-hand with them. If the Government is serious about re-balancing the economy and creating sustainable jobs in the regions, it must recognise the importance of the UK’s foundation industries. We’re not asking for hand outs, but we deserve a level-playing field and an equal seat at the table.”

Source – Thenorthernecho.co.uk
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India ratings expects Indian steel demand up to 5pct in 2014-15

India's steel demand is expected to go up by 3 to 5% in the next financial year on higher economic growth although margin pressure would continue due to high production costs and limited scope to pass them on to customers.

Mr Ashish Upadhyay, Director (Corporate Ratings) of India Ratings, said that "Better GDP growth of 5.6% in FY'15 on the back of a revival in industry growth would lead to better steel demand growth next fiscal. It would be in the range of 3 to 5% but not above 5%."

India's steel consumption grew 0.5% during the April to December period of this financial year to 53.78 million tonne.

India Ratings & Research, a Fitch Group firm maintained the negative outlook for the steel sector for the next financial year due to its weak credit profile.

Mr Upadhyay expects no major hike in prices next fiscal due to overcapacity in the domestic steel industry which will continue to limit prices amid the demand increase. Imports are not a major threat and will prevail at this year's level.

He said that "Indian steel producers' capacity use contracted to below 80% in FY'13. Any increase in the capacity use due to an uptick in demand could be limited by significant new capacities scheduled to start in FY'15."

India currently has about 95 million tonne of installed steel capacity and 13 to 15 million tonne is expected to be added within FY'15.

He said that "Margins of steel producers would continue to be under pressure, given the high cost of production and their limited ability to pass on hikes in costs. The availability of iron ore should improve, limiting hike in costs. Coking coal prices will also range between USD 160 to 175 a tonne."

India Rating expects the credit profile of steel makers to remain weak next fiscal due to their large debt for working capital and capex coupled with modest EBITDA margins.

India Ratings said that “Steel makers margins have consistently contracted since FY'11.”

Source – Business Standard
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Rio Tinto Alcan inaugurates its AP60 aluminium smelter in Canada

Rio Tinto Alcan inaugurated the USD 1.1 billion Arvida Aluminium Smelter, AP60 Technology Centre, in Saguenay Lac St Jean, Quebec. The new plant has an installed capacity of 60,000 tonnes of aluminium and is the most technologically advanced aluminium smelter in the world.

Ms Jacynthe Cote CEO of Rio Tinto Alcan said that "Rio Tinto Alcan is very proud to inaugurate the new Arvida Aluminium Smelter, AP60 Technology Centre. It is an honour to share this achievement with the men and women who made it possible our employees. Today's milestone is the result of years of work by our Research and development teams, particularly the teams that first conceived, developed and tested the AP60 technology at the Laboratoire de recherche des fabrications (LRF) in France. The innovative new AP60 technology platform will also allow for the development of a series of next generation technologies permitting further improvements in productivity, and reductions in energy and environmental footprint.”

Ms Cote said that "It is also important to recognize the valued support from all our employees, customers, suppliers and stakeholders from across our host community. The new Arvida Aluminium Smelter, AP60 Technology Centre represents the next chapter in our over 100 year history as a leading aluminium producer.”

She said that "The new AP60 plant clearly illustrates Rio Tinto Alcan's commitment to innovation and our strategy to focus on projects that will increase our competitiveness through productivity and that leverage our unparalleled hydro power position, further reducing our environmental footprint."

Source - Strategic Research Institute
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