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Arcelor Mittal « Terug naar discussie overzicht

Nieuws en info hier plaatsen (deel 4)

35.173 Posts, Pagina: « 1 2 3 4 5 6 ... 49 50 51 52 53 54 55 56 57 58 59 ... 1755 1756 1757 1758 1759 » | Laatste

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voda 1 februari 2014 16:12

Ahmsa eyeing 5 million tonne liquid steel production in 2015

Bnamericas reported that Mexican steelmaker Altos Hornos de Mexico expects to produce 5 MT liquid steel in 2015, following completion of an electric arc furnace as part of its Fenix expansion project.

Mr Luis Landois the company's senior director said that “The electric arc furnace, which has a capacity of 1.2 MT per year liquid steel, will begin operations in mid 2014 taking Ahmsa's total capacity to 5 MT per year a figure the company will aim to meet in 2015 the first full year of operations of the furnace.”

Mr Landois said that “The company will also begin producing a full range of widths and thicknesses of commercial grade rolled steel plate from February and begin working with specialized grades of the product.”

Source – Bnamericas.com

voda 1 februari 2014 16:13

European long steel producers make hay in Africa

Italian and Spanish Mills have booked substantial quantities in Algeria, at improved price levels. It learnt that the suppliers from these countries have latched on to firm activity in Algerian construction sector.

They have reportedly booked orders about Euro 5 per tonne higher than mid -January at Euro EUR 460-463/t FOB (EUR 485-488/t CFR)

Source – Strategic Research Institute

voda 1 februari 2014 16:14

Construction of iron ore smelter in Mozambic to start in 2015

Xinhua reported that the construction of an iron ore smelter is to kick off next year in the northwestern Mozambican province of Tete, where 750 million tonnes of iron ore has been confirmed after prospection.

The Mozambican company Capitol Resources, a wholly owned subsidiary of the Australian Baobab Resources said that the project will involve a billion US dollars and the smelter will start operation the following year.

Production will last 25 years and the smelter will have the capacity of churning out a million tons of iron out of the production of iron ore.

Source - Xinhua

voda 1 februari 2014 16:15

Mr Obama tours US Steel plant

President Mr Barack Obama praised US Steel Corporation and the manufacturing resurgence of the United States in a tour and speech Wednesday afternoon in West Mifflin.

Mr Obama said that "You don't come to the Steel City without coming to US Steel. US Steel helped to build America. Every single one of you is doing your part to make the country stronger."

The president was flanked on both sides of the stage by United States Steel Corporation employees. He was introduced by US Steel CEO Mr Mario Longhi who noted the company's advanced steel products were in objects like automobiles that were essential to modern society. He praised employees and the efforts of Mr Leo Gerard president of United Steelworkers International.

Mr Obama also praised Mr Gerard, who the president said was always in my ear about working people. Obama discussed a retirement savings plan that was introduced during Tuesday night's State of the Union Address. The retirement savings plan would allow Americans to buy savings bonds in a starter retirement account that would guarantee a return with no risk of losing the principle amount that had been put in.

Source – Bizjournals.com

voda 1 februari 2014 16:15

Brazil iron ore export 327 million tonne in 2013

Brazil's export quantity of iron ore in 2013 was 329,640,000 tonnes and stayed at an increase by 3,110,000 tonnes or 1.0% from 326,530,000 tonnes in the previous year. Its export amount was USD 32 billion 490 million, up USD 1.5 billion or 4.8% from the previous year and its export unit price per tonne was USD 98.60 FOB (hereinafter the same), up USD 3.70 or 3.9% from USD 94.90 in the previous year.

By type of iron ore, its export quantity of non agglomerated iron ore (lumps, fines and concs.) was 282,150,000 tonnes up 2.5% ditto and its unit price was USD 92.10, up 6.5% ditto. While, that of agglomerated iron ore like pellets of processed products was 47,490,000 tonnes down 7.1% ditto.

Its unit price fell by USD 3.60 or 2.6% ditto to USD 136.80. Prices of pellets are higher than those of lumps and fines, and its demand trends are apt to depend on economic fluctuations. And, the ratio of export by type, that of non agglomerated iron ore accounted for 85.6% (84.3% in the previous year) and that of agglomerated iron ore did for 14.4% (15.7% ditto).

By destination, the biggest export country to China was 170 million tonnes up 0.5% from the previous year which accounted for 51.8% (52.0% in the previous year) and kept a majority continuously. The second was 31,270,000 tonnes to Japan, up 0.3% ditto which accounted for about 10% share of 9.5% (9.5% ditto). The third was 17,390,000 tonnes to the Netherlands, up 24.0% ditto of which share increased by 1.0% to 5.3% from 4.3% in the previous year.

Source - The TEX Report

voda 1 februari 2014 16:17

ArcelorMittal announces receipt of US antitrust clearance for ThyssenKrupp Steel

ArcelorMittal announced that the waiting period under the Hart Scott Rodino Antitrust Improvements Act (HSR) terminated on January 29th 2014 with respect to its acquisition, through a 50/50 JV with Nippon Steel & Sumitomo Metal Corporation of ThyssenKrupp Steel USA.

The termination of the HSR waiting period satisfies one of the conditions to the closing of the acquisition. Subject to the satisfaction of other customary conditions (including the receipt of additional regulatory approvals), the acquisition is expected to close later in the Q1 of 2014 or in the Q2 of 2014.

Source – Strategic Research Institute

voda 2 februari 2014 14:45

Nippon Steel lifts outlook as profit jumps on solid demand at home

Reuters reported that Nippon Steel & Sumitomo Metal Corporation lifted its annual net profit forecast after posting a nearly nine fold jump in recurring profit for the October to December quarter on strong demand at home.

Japan's top steel producer said its recurring profit, which is pretax and before one off items, grew to JPY 108.58 billion in the October to December quarter from JPY 12.51 billion a year ago. Nippon Steel's sharp earnings recovery flies in the face of a prolonged slump in prices in Asia brought on by massive crude steel output from China.

South Korean steelmaker POSCO, the world's fifth largest steelmaker, for example, reported a smaller than expected 29% gain in quarterly operating profit as the stronger won and weak demand sapped steel prices.

Japan's overall crude steel output for the October to December quarter rose 8.6% from a year earlier to 28.14 million tonnes on the back of solid construction demand, led by higher government spending and a rush to build homes ahead of a sales tax hike in April this year.

Mr Katsuhiko Ota executive VP of ippon Steel said that "Steel demand for manufacturers is on the rise thanks to the yen's fall, a recovery in the stock market and consumer spending. Infrastructure works are also strong, helped by the government's extra spending. The Abenomics is giving a boost to an overall steel demand adding that the company's production lines have been operating at full strength.”

Nippon Steel forecast its full year crude steel output on a parent basis to grow about 5 percent to 45.80 million tonnes, which will mark a 6 year high. A national sales tax hike in April to 8% from 5% is widely expected to dampen consumer spending, hitting demand of cars and houses.

Mr Ota said that "A tax increase may reduce the nation's domestic steel demand by 1 million tonnes and export demand by 0.5 million tonnes next fiscal year. He declined to say how much crude steel the company will produce next business year.

Source – Reuters

voda 2 februari 2014 14:46

TATA Steel sees throughput improvements in the pipeline

TATA Steel's pipe mill, in Hartlepool, is reporting throughput improvement following installation of a new internal diameter welder line by engineering specialist Cordell Group working with Siemens Industry.

Siemens developed a bespoke control system that overcame previous operational efficiency issues and delivered improved accuracy and flexibility.

Having sourced new welding equipment from Germany, TATA Steel looked to Cordell to provide initial designs for a pipe handling assembly capable of receiving 16 to 42 inch pipe diameters, weighing up to 13 tonnes. It also had to lift and re-orientate pipes along its axis and provide the horizontal drive motion for the welding process.

Cordell, which is a Siemens Solution Partner worked with the latter on the engineering specification and specifically the drive technology, using Siemens' Sinamics drives.

Company spokespeople explain that the new system moves the pipes instead of the welding system and its auxiliary equipment, so saving on power and improving speed. But it also eliminates earlier problems caused by a direct drive wheels and a rail system, which was causing considerable rework, due to slippage.

The new system uses a positive displacement drive, via a rack and pinion, using a Siemens S110 22 kW servomotor, with a 90 degree planetary gearhead and drive pinion. It also harnesses Siemens' Drive CliQ encoders for accurate rotational speed and displacement feedback to a Siemens S7-315 PLC.

The rest of the linear motion system comprises carriage controls based on four-axis Siemens S120 and G120 drives, with remote I/O and a Simatic HMI comfort panel.

TATA Steel said that it is now considering placing an order with Cordell to supply four additional pipe handling systems to replace existing older units eventually enabling a full upgrade of the area.

Source – Worksmanagement.co.uk

voda 2 februari 2014 14:47

Maanshan Steel successfully developed low temperature resistant steel rebar

Recently, Maanshan Steel has successfully developed the first batch of low temperature resistant steel rebar for Sinopec’s liquefied natural gas storage tank construction project which passed the examination of -165 degree test and will be delivered to the construction site in Guangxi of Sinopec. This is the first time for Chinese liquefied natural gas construction to use domestic low temperature rebar.

Source - www.steelhome.cn/en
China steel information centre and industry database

voda 2 februari 2014 14:49

ArcelorMittal and SolarWall a path to achieving Europe 2020 Energy Targets

ArcelorMittal, one of the world’s largest steel companies announced that it will be working with Conserval Engineering, the world leader in Solar Air Heating to promote their SolarWall technology in EuropeOffice ArcelorMittal.com and SolarWall.com.

Under this agreement, the SolarWall technology will be manufactured by ArcelorMittal Construction in France at Haironville for SolarWall Europe sarl. Both companies will promote the SolarWall technology as a cost effective solar system that offers a meaningful solution for meeting Europe’s 2020 Energy Targets.

The SolarWall System is a building integrated solar air heating system that utilizes solar radiation to deliver naturally warmed fresh air into buildings, providing a renewable heat source. Installed as an additional skin to a building to create an air cavity, the SolarWall technology consists of a pre coated steel collector with thousands of carefully engineered perforations spread across its surface to collect the heated air. As sunlight strikes the surface of the steel skin, the energy is absorbed, heating the surface and creating a thermal boundary layer. In turn, this layer of heated air which lines the face of the collector is drawn through the perforations and into the building’s ventilation system.

The SolarWall technology is a highly effective solar air heating system that displaces up to 50% of a building’s space heating expense. The SolarWall technology established the global standard for solar air heating and is in use around the world on thousands of commercial, industrial and agricultural buildings. The SolarWall systems are unique in that they are all steel, building-integrated & site-built using local labour. In addition, they require virtually no maintenance over their 30+ year lifespan.

The European Union is committed to a 20% renewable energy target by 2020. Space heating represents up to half of a building’s energy demand but the lack of viable clean technologies that address the huge quantities of energy required for space or process heating continues to be a challenge to attaining the 2020 targets.

A major breakthrough in regulatory changes within the EU has now opened the doors for widespread usage of solar air technologies such as SolarWall. Furthermore, other European Norms such as EN13339 which stipulate the mandatory fresh air ventilation requirements for buildings have been put in place to address tighter building envelopes. These changes fit well with the SolarWall technology’s ability to heat large volumes of fresh air.

Mr Jean Christoph Kennel CEO of ArcelorMittal Construction said that “With increased pressure on private and public buildings to become more proficient environmentally, there is a trend towards highly efficient, holistic heating solutions which can be combined with established renewable technologies driving towards energy efficiency and reduced CO2 emissions. The SolarWall technology provides a new solution for the commercial and industrial and tertiary sector to cost effectively reduce both their operating costs and their CO2 emissions.”

Mr John Hollick CEO of the SolarWall Group of companies said that “We are very excited to be partnering with ArcelorMittal, Europe’s leader in metal buildings and to be able to offer our low cost SolarWall technology as a solution for Europe to meet its 20% renewable energy target by 2020.”

Source – Strategic Research Institute

voda 3 februari 2014 16:43

China manufacturing activity falls in January ahead of Lunar New Year holiday

China's manufacturing activity dipped in January as measured by HSBC's Purchasing Managers’ Index which fell to 49.5 in January, down from 50.5 in December.

A reading of above 50 signifies output growth and a reading under 50 contraction. The January result was slightly down on a preliminary reading of 49.6 released last week.

The result would be affected by a fall off in factory activity ahead of the Chinese Lunar New Year holiday which begins on January 31st to February 6 as workers take holidays and companies close for the break.

However, it is also likely impacted by still tough export conditions and order books as well as tightening of lending by the Central Bank to douse credit growth.

Source - Proactive Investors

voda 3 februari 2014 16:44

JFE Q3 profit triples and forecasts higher output in FY2014

Reuters reported that JFE Holdings Inc, Japan's second largest steelmaker, will increase crude steel output by 1 million tonnes in the next business year after its Q3 recurring profit jumped nearly three fold on strong domestic demand.

Sales of construction and automotive steel has picked up in Japan, helped by Prime Minister Shinzo Abe's push to end two decades of economic stagnation with a mix of fiscal expansion and monetary easing.

JFE's recurring profit, which is pretax and before one off items, rose to JPY 50.33 billion in the October to Dec quarter from JPY 18.78 billion in the same year ago period. Its annual crude steel output to the year ending March 31 is set to rise by about 4% YoY to around 29 million tonnes the highest level in six years.

Mr Shinichi Okada executive vice president of JFE said that "Domestic demand is rising. We aim to produce 30 million tonnes in crude steel next business year. Construction and infrastructure demand will remain solid. A sales tax hike may hurt automobile sales, but demand from shipbuilders are recovering."

Japan's overall crude steel output for the October to December quarter rose 8.6% from a year earlier to 28.14 million tonnes, driven by strong construction demand on the back of higher government spending and a rush to build homes ahead of a sales tax hike in April this year.

JFE, which exports about half of its steel products overseas, remains cautious on exports due to a supply glut brought on by China's massive crude steel output and weak global demand. Weaker international steel prices have weighed on the earnings of Asian steelmakers like South Korea's POSCO .

Source – Reuters

voda 3 februari 2014 16:45

Japan steel mills unable to receive more plate orders even at full production

The plate rolling facilities of the Japanese blast furnace mills are in a state being at full production and nevertheless, they seem to be unable to received sufficient orders of export. In particular, shipments of received orders of high grade plates being heat-treated are said to be postponed to the next quarter onward.

The Japanese BF mills have abandoned export of plates for general use and shifted to that of middle and high grade plates. China's plate prices are assumed as a benchmark of the market prices of general use plates which are linked to prices of hot rolled steel coils and so on but as those are still sluggish with no sign of a rise, the Japanese mills have withdrawn virtually from the field of general use plates or have accommodated enormously reduced customers.

For Korea, export of plates being necessary to be heat treated for the field of marine structures, special vessels and so on is presenting a brisk rather than those for shipbuilding. POSCO and Hyundai Steel also are aggressive for that field but their production has already exceeded their capacity. Accordingly, the Japanese mills' opportunities of negotiations are increasing, and any of their plate facilities ate in a state of being at full production.

Many of plate prices in this field are more than USD 1,800 FOB being different from those for shipbuilders. There are quite a lot of the cases to exceed USD 3,000. The balance of suplly and demand is tightened but according to a source, it is said that further increase in prices depends on to what extent the Korean mills like POSCO will able to raise their prices for the Japanese shipbuilders.

It is because although they seem to be requesting a price increase of JPY 5,000 or so, such an increase in prices will be concerned to be frowned upon and stall as the Japanese users accepted Korean products when the Korean mills penetrated into the market at cheap prices.

Source - The TEX Report

voda 3 februari 2014 16:46

Mexican steel distributors shifting to culture of profitability

Bnamericas cited Mr Roberto Marquez Hiriart deputy general director of industrial business at Villacero as saying that Mexico's steel distributors are shifting focus from volume to profitability in a fundamental change in the sector.

Mr Marquez said that creating a culture of profitability rather than managing volumes is the fundamental challenge for the sector, which is now moving into a period of high profits.

He said that for its part, Villacero, based in Monterrey, Nuevo Leon state and involved in steel processing and distribution, as well as logistics and other services, is focusing on the idea of taking care of added value. We have to build this culture of profitability little by little.

Mr Márquez said that “Villacero is targeting further growth from large scale infrastructure projects in Mexico and upping sales of processed products and exports to the US. We're really pushing all our processed products, exporting steel tube to the US and growing our presence in infrastructure projects, for example pipelines and aqueducts, big projects that are currently being developed in Mexico."

Source – Bnamericas.com

voda 3 februari 2014 16:47

103 workers at Scunthorpe steel business go on short-time working

The new year has started badly for the 103 employees at at industrial business in Scunthorpe with short-time working being introduced across the site. The setback comes four months after the company made 21 staff redundant due to a fall in orders mainly due to the global slow down in mining.

Mr Neil Bolton the Bradken foundry manufacturing manager on Dawes Lane said that "We are not expecting an immediate recovery in the next few months, but there are small indications that the situation will improve during the second and third quarter of 2014. We have implemented short-time working in some areas across the plant."

Source – Scunthorpetelegraph.co.uk

voda 3 februari 2014 16:49

Fire nearly extinguished at ArcelorMittal plant in Steelton

Local media reported that the fire that broke out following a gas explosion Sunday afternoon at the ArcelorMittal steel plant in Steelton is nearly extinguished

Ms Mary Beth Holdford manager of external communications for ArcelorMittal said in that the fire occurred in an office and storage building at the company’s plant in Steelton.

She said “We are pleased to report that there were no injuries as a result of the incident.”

She said the company and the United Steelworkers have launched a joint investigation, and the appropriate regulatory agencies will be notified.

Steelton Mayor Thomas Acri said the fire broke out after a gas leak that started in a 45-by-50-foot building, which was completely destroyed in an explosion. No one was inside at the time, Acri said.

The steel plant was first established in 1867 and was formerly part of the Bethlehem Steel Corp. ArcelorMittal says the plant was the first built specifically for the production of steel in the United States.

Source - pennlive.com

voda 4 februari 2014 16:16

Vooruitblik: 'Beter bedrijfsresultaat Aperam'

DINSDAG 4 FEBRUARI 2014, 13:42 uur | 322 keer gelezen

AMSTERDAM (AFN) - Roestvrijstaalbedrijf Aperam heeft naar verwachting in het vierde kwartaal van 2013 het bedrijfsresultaat (ebitda) weten te verhogen en daarmee kunnen voldoen aan zijn eigen doelstelling. Dat blijkt uit een peiling onder analisten door persbureau Bloomberg. Aperam komt donderdag nabeurs met cijfers.

De ebitda komt volgens de gemiddelde consensus uit op 65,4 miljoen dollar (48,3 miljoen euro), tegen 62 miljoen dollar in het derde kwartaal. Aperam had in november aangegeven een lichte toename van de ebitda te verwachten op kwartaalbasis.

De omzet wordt gemiddeld geraamd op 1,22 miljard dollar, vrijwel onveranderd ten opzichte van het voorgaande kwartaal.

In december maakte Aperam nog bekend dat de beoogde overname van de Italiaanse Terni-fabriek niet doorgaat. Het Duitse ThyssenKrupp koopt de fabriek terug van het Finse Outokumpu.

voda 4 februari 2014 16:32

Iron ore E auction causing chaos and needs review - ASSOCHAM

Apex industry body ASSOCHAM has urged the government to review e auctioning of iron ore and provide long term iron ore linkages to protect the interest of domestic iron and steel industry.

Mr R H Khwaja secretary of Ministry of Mines said that “The e auction of iron ore, instead of providing any relief to India’s iron and steel industry will adversely affect it, more so as lack of raw material has been a major cause for tardy progress of both green field and brown field steel capacity expansion projects.”

Mr D S Rawat secretary general of ASSOCHAM said that “There is a need to adopt holistic development approach for ensuring smooth supply of iron ore thereby harnessing the growth of iron and steel industry.”

Iron ore production in FY 2013 was 136 million tonne out of which 42 million tonne was captive production while 18.4 million tonne of iron ore had been exported and about 76 million tonne of total iron ore was available for the relevant market for non captive steel producers.

ASSOCHAM while highlighting certain grave consequences of selling iron ore through e auction on iron and steel industry said that if e Auction is allowed for an important raw material like iron ore, it will create complete chaos for the iron and steel industry and such a huge quantity of Iron ore for non captive users cannot be fulfilled through e Auction process.

In case of e auctioning the quality of raw material cannot be assured and it will always remain fluctuating as each time it would come from multiple sources and create problems in the operations of blast furnace and steel melting furnaces thereby leading to high coal and energy consumption. The existing plant will eventually close down due to uncertainty and high raw material prices as had happened in case of Karnataka where 28 out of 53 sponge iron manufacturers had shut their operations.

Besides, ASSOCHAM also shared its concerns about inflow of new investments in the domestic steel sector as setting up of integrated steel plants involves huge finances.

It is almost impossible to commit large financial resources without having security of iron ore supply which is a critical raw material for operating steel plants. Besides, in India even banks do not provide financial closure to projects without secure source of raw materials.

Merchant mining companies will be the sole beneficiary of e-auction of iron ore. Merchant miners will charge higher prices to derive maximum benefits thereby taking significant advantage of demand supply gap more so as there are no captive mines to operate iron and steel industry.

Source – Strategic Research Institute

voda 4 februari 2014 16:33

Indian iron ore pellet makers threaten to close on new export duty

Indian Express reported that Iron ore pellet producers have said the government that they may be compelled to shut operations if the government does not roll back the 5% duty imposed on exports of iron ore pellets. The shut down would render futile nearly INR 35,000 crore of investment.

The government had imposing a 5% export duty on iron ore last week, which the companies say has dealt a body blow to their investments and capacity expansion plans.

While recommending the duty, the steel ministry had argued that iron ore was being exported in the garb of pellets, which virtually amounted to exporting the scarce mineral. The finance ministry has imposed the duty despite objections raised by commerce and industry ministry.

In a letter dated January 7th, the commerce ministry wrote to revenue secretary Mr Sumit Bose saying that it does not support export duty because pellet is a value added product and it has been the ministry’s stance that there should be no export duty on the same.

However, the commerce ministry said that out of an installed capacity of over 75 million tonne barely 25 million tonne is domestically consumed. The lack of low domestic demand has, in fact, compelled producers to cut down their capacity utilisation to less than 50%.

Leading pellet producers have told finance ministry that while most plants would find it unviable to operate, bigger players may have to rethink on expanding the capacities unless the government addresses their concerns.

Mr Firdose Vandrevala executive vice chairman of Essar Steel said that “The government hastily announced the 5% export duty on pellets, despite the fact entrepreneurs have invested thousands of crores of rupees to create capacities and expand their operations. This action deepens investor’s fears of a stable policy. Flip flop policies can turn investments sour overnight.”

Mr Malay Chatterjee chairman of state run Kudremukh Iron Ore said that his pellet project in Karnataka has a capacity of 3.5 million tonne and is a 100% export oriented unit, which had recently commenced overseas sale of pellets. For my company the situation is even more worrisome. My unit can only survive on exports. The duty will hugely impact commercial viability of our operations.”

Mr Ravi Uppal CEO of JSPL Group said that “The move exhibits lack of consistency in government policy. It is a decision without any rationale, which would do colossal damage to the pellet industry, which have invested over INR 30,000 crore during the last 3 years.”

Mr ND Rao MD of UK based Stemcor’s India subsidiary Brahmani River Pellets Limited described the 5% export duty as a regressive step and a hurdle towards investments in clean technology and natural resource conservation.

Mr Vandrevala said that “Little over 1 million tonne pellets have been exported abroad till January this fiscal against the installed capacity of 75 million tonne. I fail to understand what motivated the steel ministry to recommend the duty and how much revenue would the government gain in imposing it when exports are abysmally low.”

Source – Indian Express

voda 4 februari 2014 16:33

Roadmap to 300 million tonnes steel in India on anvil- Minister

PTI cited Mr Beni Prasad Verma steel minister of India as saying that a blueprint to expand steel capacity to 300 million tonne is on the anvil.

Mr Verma said during chairing the 24th meeting of Steel Consumers' Council attached to his Ministry, held at Lucknow that "A roadmap for achieving this target is under preparation."

The remark comes against a backdrop of the government constituting a task force to prepare a blueprint for promoting research and development in the steel sector in a bid to help India treble its steel production capacity. The country's steel capacity stands at 96 million tonne per annum at present.

Mr Verma said that "Due to efforts of the government, India is today the 4th largest steel producer in the world and the second best in terms of growth rate amongst top 10 steel producing countries."

Source - PTI

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