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voda 4 februari 2014 16:34
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Steel demand slowdown is a short-term phenomenon -Mr Narendran

TATA Steel is in expansion mode. Once its new units at Jamshedpur and Odisha are commissioned, it will have added more capacity this decade than the previous century. However, there are plenty of challenges for the company, from managing cash flows to creating market for the products rolling out of its expanded capacity.

The induction of Mr TV Narendran, 48, as MD last September has helped TATA Steel hit the market with a fresh vigour. An alumnus of REC Tiruchi and IIM-Calcutta, Mr Narendran is unperturbed by the downtrend in steel demand. He is conscious of the long term nature of the steel industry and the need to keep multiple stakeholders satisfied while capacities get built. In his maiden interview to media that in our business, the lead times are high, there is a huge amount of capital involved and you cannot just switch on and off the factory just because the growth is not supportive.

Q. What are your priorities?

A - We are expanding capacity steadily. Building a steel plant involves huge investment. Typically, it’s a billion dollar investment for a million tonne steel plant. We want to stay invested to retain our market share and grow it. So, the challenges to me are to manage growth in terms of financial perspective, market creation and attracting right human resources, besides strengthening the engineering capabilities because the capacity to build a steel plant is different from running it. We have to manage this in a dynamic environment with the macroeconomic conditions not supportive to great pace of growth.

Q. What is next after the expansion in Odisha?

A - The Odisha project itself will keep us busy for 2 to 3 years because it’s a 6 million tonne plant. The phase one of 3 million tonne is close to commissioning and the phase 2 will be taken up at an appropriate time. But the configuration and facilities are being built for a 6 million tonne capacity. We are in the process of digesting what we have created in Jamshedpur. We are always looking at new opportunities in Karnataka and Chhattisgarh.

Obviously today for setting up a steel plant you look for some raw material security because huge capital is spent. Just now, we are focusing on executing the ongoing projects.

Q. Have you tied up raw material for the Odisha plant?

A - Well, we are in talks with the Odisha Government. We are in the process of renewing our existing leases. Obviously, when we invest more in capacity, we should get more raw materials. That is the sprit with which we had gone there, but everyone has their own set of challenges to deal with.

Q. How do you react to Posco walking into India with iron ore mine allotment?

A - It’s for each company to convince the Government that they are a worthy allottee. Every State has its own policy and each company has its own aspirations. But India is one of the most open countries as far as foreign investment in the steel industry is concerned. There are very few countries in the world where you can go and set up a steel plant, own it 100% and get raw materials. This is to the credit of the progressiveness of Indian policy, in that sense. It’s good in the overall national perspective, but in the industry, we have to fight our own battle.

Q. Given the current demand, do you see oversupply in the market?

A - I believe India will struggle to create capacity as much as demand is. Do not judge the industry by what has happened in 2 or 3 years. If you look at China, it added huge capacity. Land acquisition is never a problem in China. Credit from banks is not an issue. Regulations, till recently, were not an issue. India is a very vibrant democracy. There will be a lot of issues. We have seen it ourselves. It has taken 10 years to get the first tonne out in Odisha and it’s still not off the ground.

Globally, in most places you build a greenfield plant in 3 to 5 years. In India, in the last few years only brownfield projects have come up. After reaching the limit of what you can build in your existing plant, going for new projects is not going to be easy. Unless you make it easy for companies to invest in new projects who is going to invest? If the steel industry is not helped to build capacity, 10 years from now, steel will become the second largest imported item after oil. We are among the few countries that are blessed with raw materials and a consuming public. Why cannot we have the whole value chain end-to-end in the country and create so many jobs? The challenge will be more to do with supply than the demand itself.

Q. Has managing Government policy become a challenge?

A - It is. For any company anticipating changes in government policy is vital just like the way we anticipate changes in our customer needs. Obviously, governments and policy makers have their own pressure and compulsions. We are supportive to anything that will make the process more transparent and happy to participate in fair process. Any developing country going through the pace of industrialisation like India has to be sensitive to the voice of communities. We have to factor it in our pace and cost in building capacities.

Financial viability is important purely from an investment point of view. If you make the cost of building capacity so high then nobody wants to put in money. Or are you going to say only public sector companies will build capacity? World over, governments have got out of the steel industry because it’s not seen as a strategic investment for the government. If you create right conditions, there are enough investors to build a steel plant.

Q. How competitive is Tata Steel without the raw material linkage in Odisha and Europe?

A - It’s not entirely correct to say that we do not have raw material linkage in Odisha. We have raw material leases. The Odisha Government has given us the comfort that the steel plant will not be short of raw material. Raw material linkages are a key component to remain cost-competitive. Raw material security also means investment in mining and capabilities.

The choice is between buying the raw material and digging it from the ground. In Europe, they have not had the linkages traditionally. Some raw material comes out of our property in Canada. If you look at Posco, they had 15 to 25% EBITDA margin even without raw materials. Of course, their plants are designed that way. They are on the coast, they minimise the freight cost and bring in huge ships to optimise the whole chain.

Source – Business Line
voda 4 februari 2014 16:35
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Indian steelmakers fall on weak China factory PMI

Reuters reported that India's steelmakers fall on weak China's factory Purchasing Managers' Index numbers which edged down to 50.5 in January from December's 51.

Shares of JSW Steel down 6.6%, TATA Steel falls 3.7%, Jindal Steel down 2.7% and Steel Authority of India down 2.6%.

Mr Varun Khandelwal fund manager, Bullero Capital Pvt Limited said that "Steel stocks are facing strong headwinds from increasingly poor Chinese data that is making market participants question the demand outlook for metal stocks. Since these stocks had rallied between 30 to 80% in the last 6 months, there is a rush to book profits. However, traders feel the fall would be limited from hereon on value buying.”

Source - Reuters
voda 4 februari 2014 16:37
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Pangang orders continuous galvanizing line from Siemens

The Chinese Pangang Group has given Siemens Metals Technologies an order to supply a new continuous galvanizing line for its Chongqing plant. The line will process 450,000 tonnes of high strength cold strip per annum for use in the automotive industry. For the first time in a Chinese plant, strips will be able to be optionally hotdip galvanized with GI and GA coatings or aluminized on a single line. The project is scheduled to be completed by the middle of 2015.

Siemens will plan and supply the complete mechanical and electrical equipment as well as the automation for Pangang's continuous galvanizing line in Chongqing. The galvanizing line will coat deep drawing steels, hot formed and high strength steels, as well as dual phase steels with strip thicknesses ranging from 0.5 to 3.0 millimeters and widths from 800 to 1,600 millimeters.

The maximum coil weight will be 34 tonnes. The total achievable coating thicknesses of both sides will lie between 50 and 350 grams per square meter.

The scope of delivery from Siemens will start at the coil feed and the entry section with a double pay off reel, followed by a Siemens type LW21 laser welding system with strip centering. Both welding and cutting operations are carried out with laser technology. The laser beam is transmitted via fiber, no mirror is needed. Also, no mechanical shear is required, thus avoiding wear of cutting tools. This will produce a continuous strip, which will first pass into a 16-fold strip looper with a capacity of 430 meters. The strip will be cleaned in an electrolytic cleaning section, and then heated in an ART (all radiant tubes) furnace

Hot dip galvanizing will take place two coating baths, a common one for GI and GA coatings and one dedicated to aluminizing coating. An induction furnace located above the air wiping system serves for galvannealing. The coated strip will then be tempered in a cooling section. This will be followed by an intermediate looper with a capacity of 280 meters. After that, the strip will be fed to a Siroll-4Hi temper mill with a roll force of 1,200 tonnes and a 25 tonne tension leveler. The shiftable Siroll Roll Coater will provide additional protection for the coated surfaces against corrosion and fingerprints at the last stage of post treatment.

Finally, the strip will run through a 400 meters exit looper before it is side trimmed and its width measured. This will be followed by an inspection station, in which the strip surface quality is checked. The exit section will consist of an electrostatic oiler, a rotary shear and a single tension reel , as well as coil handling, strapping and weighing machines.

The project will be executed by a consortium led by Siemens together with Andritz Selas and Andritz China. Siemens China will be responsible for the electrical equipment and the automation as well as the local mechanical engineering content.

Source – Strategic Research Institute
voda 4 februari 2014 16:41
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TATA Steel chairman slams unrealistic EU emissions trading system

Mr Theo Henrar chairman of TATA Steel said that the European Union needs to tailor its energy policy and Emissions Trading System to the realities of the steel sector.

Mr Henrar said that "The ETS is one size fits all and is putting energy intensive industries in competitive disadvantage. Because the benchmarks are not realistic, the ETS is not rewarding the best performing sectors such as the European steel producers. The European steel industry is much more energy efficient than other sectors.”

He said that "But if the EU does not adapt the benchmarks by which it evaluates the CO2 emissions limits from the steel sector, it will only export jobs to places outside the EU where steel is produced with weaker environmental standards."

Source – Scunthorpetelegraph.co.uk
voda 4 februari 2014 16:44
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Penny wise, pound foolish? :-)

TATA Steel saves GBP 100000 in Scunthorpe by restoring old equipment

Scunthorpe Telegraph reported that equipment which has been obsolete on the Scunthorpe TATA Steelworks for 25 years has been brought back to life. The restoration of the scrap conveyor feeder to the Queen Bess blast furnace is estimated to have saved the company more than GBP 100,000.

Reworking the feeder was part of the build up to relighting the 75 year old Queen Bess furnace last week. The work, which entailed releasing, cleaning and reworking 112 pins was done on site with the help of contractors, keeping the cost down below GBP 20,000.

Mr Dave Collins the works manager for iron making said that "This is exactly the type of behaviour that is going to help us achieve cost effective and reliable operations going forward."

Source – Scunthorpetelegraph.co.uk
svh21 4 februari 2014 18:29
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Last year Steel stocks barely made it out alive. After being down considerably most of the year a late stage rally helped push the sector into positive territory. As the sector limped across the finish line, the S&P 500 booked a 32.39% return on the year. Recently, a budding global economic recovery has seen steel come en vogue for 2014. Already this earnings season has given us a couple upside surprises on some big steel names.

AK Steel (AKS - Analyst Report) reported fourth quarter earnings of $0.09, nearly doubling the analyst consensus of $0.05. This earnings surprise of 80% is a major factor contributing to a Zacks #2 Rank. This surprise led to upside revisions of 2014 estimates and helped bump AKS over $6 a share.

The day before AKS reported earnings, mainstay US Steel (X - Analyst Report) surprised everyone to the upside. Analysts looking for a $0.26 loss in Q4 were shocked when the company reported positive earnings of $0.27 a share. Music to the ears of US Steel investors who had not heard a positive print since Q3 2012 when the company made $0.41 a share. Although analysts have curbed their expectations for Q1 of this year, the rest of year looks bullish for the steel business. All this together leads to a Zacks #1 Rank for US Steel.

Let's ignore the rearview mirror for a second and take aim on the future. With 2 major steel companies already reporting good quarterly numbers with upside surprises, who is next on the earnings calendar? The big boy on the block, ArcelorMittal (MT - Analyst Report) is the world's leading steel and mining company. Operating in more than 60 countries this global company commands the lion's share of world steel market. Not only is the company a Zacks #1 Rank but it also reports earnings this week on February 7th. Given the great earnings we saw from AK Steel and US Steel, don't be surprised if ArchelorMittal beats the consensus estimate of a $0.16 loss.
[verwijderd] 4 februari 2014 20:00
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Boven op de industrie. Dinsdag 4 februari 2014

ArcelorMittal stelt Magnelis® officieel voor aan het Nederlandse publiek.

Door de jaren heen heeft ArcelorMittal – 's werelds grootste staalproducent – innovatieve metallische bekledingen ontwikkeld die een brede waaier aan verwerkingsmogelijkheden bieden. Hun meest recente innovatie is hierop geen uitzondering. ESEF is voor ArcelorMittal de gelegenheid om dit revolutionair product voor te stellen aan het Nederlandse publiek.

Magnelis® garandeert een optimale langdurige oppervlaktebescherming tegen corrosie. Deze revolutionaire nieuwe metallische bekleding van ArcelorMittal heeft een reeks vergelijkende tests ondergaan. De testresultaten tonen aan dat het product aanzienlijk beter is dan andere metallische coatings op de markt.


Belangrijke rol van magnesium
Magnelis® wordt op een klassieke industriële dompelverzinklijn aangebracht, waar het staal ondergedompeld wordt in een smeltbad en een metallische zinkbekleding krijgt met een welbepaalde chemische samenstelling. De bekleding bevat 3,5% aluminium en 3% magnesium. Het magnesiumgehalte van 3% is van cruciaal belang. Het zorgt op het hele staaloppervlak voor een stabiele en robuuste beschermende laag die een veel betere corrosieweerstand biedt dan bekledingen met een lager gehalte aan magnesium. Magnelis® is maar liefst tien keer beter bestand tegen corrosie dan standaard verzinkt staal.

Succesvolle testperiode
Magnelis® is de beste beschermende bekleding tegen atmosferische corrosie. In een ammoniakomgeving wordt een Magnelis®-bekleding bijvoorbeeld zeven keer minder aangetast dan een standaard zinkbekleding. En ook in hoogalkalische omgevingen – met een pH tussen 10 en 13 – biedt Magnelis® een betere corrosieweerstand dan andere metallische bekledingen.

Naast corrosieweerstand in de meest veeleisende omgevingen biedt Magnelis® ook snijrandbescherming. Het substraat is bedekt met een dunne, op zink gebaseerde beschermende film met magnesium, die dankzij een proces van self-healing corrosiereacties tegenhoudt op blootgestelde snijranden. Een ander voordeel is dat Magnelis® een actieve bescherming garandeert die langer meegaat.


Dit alles blijkt uit de resultaten van een testperiode van acht maanden, waarin ArcelorMittal een reeks metallische bekledingen onderwierp aan zoutneveltests. De testresultaten tonen duidelijk aan dat Magnelis® een superieure corrosieweerstand biedt. In tegenstelling tot de geteste substraten met andere metallische bekledingen was er na afloop van de test geen rode roest zichtbaar op het geteste substraat met de Magnelis®-bekleding.

Kostenbesparend en milieuverantwoord
Magnelis® maakt bovendien ook indrukwekkende kostenbesparingen mogelijk. Als het meest kosteneffectieve alternatief voor het stukverzinkingsproces, biedt de nieuwe metallische bekleding niet alleen enorme voordelen ten opzichte van stukverzinkte producten (met een ZM-bekleding met een gewicht van meer dan 250 g/m2) maar ook ten opzichte van hoogwaardige producten zoals roestvrij staal en aluminium. Magnelis® maakt een aanzienlijke gewichtsvermindering mogelijk ten opzichte van stukverzinking: afhankelijk van de omgeving waaraan Magnelis® blootgesteld wordt, kan een zinklaag met een twee tot vier keer lager gewicht gebruikt worden, terwijl de corrosieweerstand aanzienlijk beter is.

Tenslotte is Magnelis® ook een milieuverantwoorde oplossing. De nieuwe metallische bekleding helpt natuurlijke hulpbronnen in stand te houden doordat er minder zink gebruikt wordt in vergelijking met pure zinkbekledingen. En net zoals Aluzinc® biedt ook Magnelis® een aanzienlijk lagere “zinc run-off rate”, een aanduiding voor de hoeveelheid zink die terechtkomt in de bodem.


Doordat de metallische bekleding een hoge weerstand biedt en zeer goed hecht, is Magnelis® geschikt voor tal van vervormingsmethoden, waaronder plooien, dieptrekken en profielwalsen. En dankzij de minder dikke zinklaag, die minstens dezelfde corrosieweerstand biedt als andere producten met een dikkere zinklaag, biedt Magnelis® een betere puntlasbaarheid. De las wordt beschermd door een oxidebarrière, wat vorming van rode roest voorkomt. Kortom, de dunnere bekleding vergemakkelijkt de verwerking en maakt aanzienlijke kostenbesparingen mogelijk.

Met Magnelis® pakt ArcelorMittal opnieuw uit met een hoogwaardige bekledingsoplossing die tegemoetkomt aan de eisen van de internationale markt. Magnelis® biedt de ultieme combinatie van bescherming, duurzaamheid, lange levensduur, kostenefficiëntie, milieuvriendelijkheid en corrosieweerstand in de meest agressieve omgevingen.

Bent u geïnteresseerd in Magnelis®? Loop dan even langs op de stand van ArcelorMittal (hal 1, stand E070) en ontdek dit revolutionaire product. Er zijn brochures met monsterplaatjes beschikbaar en op woensdag 14 maart om 11u30 wordt Magnelis® trouwens uitgebreid voorgesteld tijdens een productpresentatie op de stand.
voda 4 februari 2014 20:08
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Geinig, hier heeft het een andere naam?

voda31 jan 2014 om 14:27

ArcelorMittal launches Optigal for better performing

corporate.arcelormittal.com/news-and-...

Mmmm Magnelis:

www.arcelormittal.com/industry/magnelis
[verwijderd] 4 februari 2014 20:27
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Na lang onderhandelen tussen de directie van ArcelorMittal, de Luikse vakbonden en het Waalse gewest over de tewerkstelling in de Luikse vestiging is de staalreus volgens La Libre Belgique tot de constatering gekomen dat er te weinig volk is om de fabrieken in Luik te laten draaien. Daarom worden binnenkort 469 arbeiders opnieuw aangeworven.
In december werd beslist dat 945 rechtstreekse banen behouden blijven in het Luikse staalbekken. De directie zou nu beseffen dat dat te weinig is.

De arbeiders zullen een contract van bepaalde duur krijgen, gaande van enkele maanden tot vier jaar.
mvliex 1 5 februari 2014 12:00
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Vooruitblik: 'Arcelor haalt doelstelling'

Gepubliceerd op 5 feb 2014 om 11:29
AMSTERDAM (AFN) - Staalconcern ArcelorMittal heeft in 2013 naar verwachting voldaan aan de eigen doelstelling voor een bedrijfsresultaat dat hoger zal uitkomen dan 6,5 miljard dollar (4,8 miljard euro). Dat blijkt uit een peiling onder analisten door persbureau Bloomberg. ArcelorMittal maakt vrijdag voorbeurs kwartaal- en jaarcijfers bekend.

De gemiddelde analistenverwachting voor heel 2013 ligt op 6,77 miljard dollar. De omzet wordt in doorsnee geraamd op 79,7 miljard dollar.

Voor het vierde kwartaal van 2013 wordt door analisten in doorsnee een ebitda voorspeld van 1,8 miljard dollar, op een omzet van 20 miljard dollar.

Simpeler bedrijfsstructuur
Topman Lakshmi Mittal van ArcelorMittal liet bij de bekendmaking van de derdekwartaalcijfers in november weten dat de bodem van de cyclus waarschijnlijk is bereikt en dat de ebitda in de tweede helft van het jaar minstens gelijk zal zijn aan die van de eerste helft. Normaal gesproken is de tweede helft juist zwakker. Mittal is voorzichtig optimistisch voor 2014.

In december werd bekend dat ThyssenKrupp zijn staalfabriek in Alabama gaat verkopen aan ArcelorMittal en het Japanse Nippon Steel & Sumitomo Metal voor 1,55 miljard dollar.

Verder kondigde ArcelorMittal in december aan zijn activiteiten per regio te gaan managen om daarmee de bedrijfsstructuur simpeler te maken.
svh21 5 februari 2014 15:49
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ArcelorMittal partners with Conserval Engineering for cutting-edge solar air heating technology

corporate.arcelormittal.com/news-and-...
voda 5 februari 2014 16:20
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ArcelorMittal advies en koersdoel omhoog bij HSBC - Market Talk

AMSTERDAM (Dow Jones)--HSBC verhoogt zijn advies op ArcelorMittal (MT.AE) naar overweight van neutral en het koersdoel naar $19,60 van $16,80. Analisten verwachten dat de strengere regels tegen luchtvervuiling in China een positief effect kunnen hebben voor de staalmarges. HSBC verhoogt zijn verwachting voor de staalmarge op de lange termijn met $25-125 per ton. ArcelorMittal komt aanstaande vrijdag met vierde kwartaalcijfers. Het aandeel sloot dinsdag op EUR12,05 (MMG)

Dow Jones Nieuwsdienst: +31-20-5715200; amsterdam@dowjones.com


voda 5 februari 2014 16:55
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Kobe Steel to raise as much as JPY 100.6 billion in share sale

Kobe Steel Limited, Japan’s third biggest steelmaker, plans to raise as much as JPY 100.6 billion to reorganize its main operations.

Most of the funds to be raised through the share sale will be used on capital expenditures to boost iron and steel operations profitability and to reform its alloy business, the Kobe, Japan based company said today in a regulatory filing.

The price will be fixed as soon as February 19. Kobe Steel closed down 6.6% at JPY 156 in Tokyo trading, the biggest decline since May 30. The share sale’s announcement was made after the stock market closed.

Kobe Steel, which also produces aluminum and copper products and construction equipment and has posted losses in the past two full fiscal years, raised its full year operating profit forecast today by 11 percent to 105 billion yen after Q3 result beat analyst estimates.

Source - Bloomberg.net
voda 6 februari 2014 16:52
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Iron ore scarcity now haunts Odisha steel makers

Will the Shah Commission report on illegal mining in Odisha lead to massive closure of mines in the state, which have a combined annual turnover of over INR 40,000 crore per annum? This is the question that hangs perilously over miners, their associates and the state government whose major chunk of non tax revenue is contributed by royalty and other levies on minerals ever since contents of the commission's report were made public in the last couple of weeks.

According to these reports, the commission among other things has recommended that mining operations of those who have been accused of violating forest and environment laws and other mining rules should be halted, restrictions on production and export of iron ore should be imposed and INR 60,000 crore should be recovered from them. Seen against the recent developments in Karnataka and Goa, the mood of panic and gloom among the state's miners is quite palpable.

According to the commission's assessment, the Shah Commission has rapped both the state government and the Centre for rampant illegal mining in Odisha which has been happening since the 1990s and facilitated by a nexus of influential politicians, bureaucrats and the mining mafia. Doubting the efficacy of the state police to expose this nexus, the Commission has suggested an inquiry by the Central Bureau of Investigation or CBI, into all cases where first information reports, or FIRs, have been filed by the police.

According to the report, out of the 192 iron ore and manganese leases in Odisha, 176 were located in dense forest areas and 94 of them were operating without the mandatory clearance under the Environment Protection Act, 1972. Of these 94 leases, 53 were iron ore mines, while 25 were extracting manganese. Out of the 192 mining leases, it was found that 75 lessees had mined more iron ore than what they were permitted to do.

The commission has also recommended revisiting the environment approvals granted to 55 mines belonging to 40 firms around the Baitarani river and its tributaries, and has suggested shutting down these mines till a study can assess the pollution load on the river and the modification of the environmental approvals of the mines by an expert panel.

The corporations which have been faulted by the commission with regard to violation of environment and forest laws and excess production include state owned Steel Authority of India, TATA Steel, Essel Mining, Orissa Mining Corporation and Serajuddin and Co. While the miners have disputed the state government's penalty notice and have approached the revision tribunal of Union mines ministry which has stayed the operation of the notice, it is now up to the state government to move the High Court against the tribunal order.

Meanwhile, the Union ministry of environment and forest has reportedly asked the Odisha government to act tough against the miners who have been accused of violating the laws and send show cause notices to them. This brings up the crucial question: Can the state or the Centre can stop mining operation of the defaulting miners as suggested by the Shah Commission? A senior officer of the Odisha government said that "It is difficult to implement the panel's recommendation in toto.

Source – Business Standard
voda 6 februari 2014 16:56
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Japan steel export in CY 2013 up 2.3pct from CY 2012

The Ministry of Finance of Japan released on 27th import and export of steel products (preliminary) in calendar year 2013.

According to this, Japan's export quantity of steel products in CY 2013 was 43,069,000 tonnes (abbreviated as t/t), up 2.3% from the previous year. It exceeded the level of 40 million tonnes for 4 years in a row and was the second highest level following that in 2010 (43,395,000 per tonne). Its export amount in the yen was 3 trillion 793.3 billion, up 8.5% from the previous year. While, steel import in 2013 was 7,346,000 per tonne down 4.7% ditto for 2 years in a row which dipped below 8 million tonnes for the first time in 3 years.

By destination of steel export in 2013, export to Asia was 34,159,000 per tonne up 2.7% from the previous year. Of these, that to China was 6,017,000 per tonne remained unchanged ditto, that to the Asian NIEs was 12,967,000 per tonne up 0.5% ditto and that to the ASEAN was 13,511,000 per tonne up 5.8% ditto.

For the remote regions and countries, that to Middle East was 1,698,000 per tonne down 14.1% ditto and that to Russia was 198,000 per tonne also down 2.3% ditto. That to the EU was 290,000 tonnes down 21.3% ditto and that to the USA was 2,271,000 per tonne also down 3.7% ditto.

While, by country and region of steel import in 2013, import from Asia was 6,053,000 per tonne down 5.3% from the previous year. Out of these, that from China was 1,099,000 per tonne down 11.3% ditto, that from the Asian NIEs was 4,585,000 per tonne down 4.8% ditto and that from the ASEAN was 112,000 per tonne down 3.7% ditto. That from Russia was 234,000 per tonne up 15.1% ditto and that from the USA was 012,000 per tonne down 40.0% ditto and that from the EU was 139,000 per tonne slightly up 0.9% ditto.

Source - The TEX Report
voda 6 februari 2014 16:57
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China crude steel output to reach 800 MT in 2014

According to the China Iron & Steel Association, China’s crude steel output is estimated at 782 million tonnes in 2013 up by about 8% from the previous year.

The country’s crude steel output in 2014 is expected to hit 800 million tonnes. It is forecasted that steel demand will increase by 3.1% to 779 million tonnes from a year ago.

Chinese steel production has soared to almost half the world's total in the past two decades. Therefore, Chinese government has accelerated to slash the excess capacity under the pressures of environmental protection and the elimination of backward production capacity.

Source - www.yieh.com
voda 6 februari 2014 17:00
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Japan steel consumption to drop in 2014

According to the Japan Iron and Steel Federation, the consumption of ordinary steels is expected to drop by 2.8% from 2013 to around 49.18 million tonnes in 2014 and consumption of special steel may decreased by 2% to around 12.54 million tonnes in 2014 from a year ago.

The country’s total steel consumption is expected to drop by 2.6% to 61.72 million tonnes. Meanwhile, exports are estimated to be similar with the figure in 2013. The country’s crude steel output might exceed 110 million tonnes in the financial year 2013.

Source - www.yieh.com
voda 6 februari 2014 17:01
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China increases iron ore shipments from Port Hedland

Iron ore sales to China from Australia’s Port Hedland climbed 27% in January from a year earlier as miners increased output and the biggest buyer boosted inventories to the highest level in 16 months.

Cargoes from the world’s largest ore export terminal to China totaled 23.3 million tonnes last month from 18.4 million tonnes a year ago. Shipments, which reached a record 25.2 million tonnes in October, were 24.2 million tonnes in December. Total iron ore exports were 28.2 million tonnes from a record 29.5 million tonnes in December and 22.1 million tonnes a year earlier.

Steelmakers in the world’s second biggest economy purchased a record amount of ore in 2013 even as growth slowed. The global ore market remains undersupplied and will shift to a modest surplus only in the H2. Prices, which fell last month, may decline further as supply expands.

Mr Tom Price an analyst at UBS AG in Sydney said that “It’s down MoM, which reflects seasonal weakness with winter in China and some wet season issues in the Pilbara. Exports rose YoY because we just had a whole bunch of projects come into the market in 2013, mostly the second half, by Rio and Fortescue. The whole trade flow has expanded but it still has the seasonal character built into it.”

Fortescue Metals Group Limited of Australia is boosting capacity to 155 million tonnes by the end of March. The Pilbara is the country’s principal ore producing region.

Rio Tinto Group said last month that production rose 7% to 55.5 million tonnes last quarter from 52 million tonnes a year earlier. The company in November approved an expansion of its annual iron ore output capacity to 360 million tonnes by 2017.

Source - Bloomberg.net
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