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voda 3 april 2020 17:07

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NLMK Group opens R&D centre for product innovation

NLMK Group has opened a laboratory centre in Lipetsk for microstructure analysis, which will analyse the properties of steel to develop new premium products and optimize metal processing techniques. The centre is equipped with the latest high-precision measuring equipment. Several dozen unique devices enable more than a thousand types of microscopy and chemical analysis measurements to be taken. This multi-method research will facilitate the development of new steel grades and products for the automotive, energy and construction sectors. The centre will also become a platform for knowledge sharing within the professional community and will contribute toward the development of cooperation with leading research organizations. Students of NLMK’s partner colleges and field-specific universities will have the opportunity to receive on-the-job training at the centre, learning to operate unique laboratory equipment, master computer simulation and microstructure analysis, and discover how to identify promising technological trends.

The R&D centre’s equipment reflects the best practice in the industry. Some of it is the only equipment of its kind in Russia. For example, an transmission electron microscope makes it possible to visualize the atoms of a crystal lattice that are 0.15 nanometres in size. A similar microscope was employed by scientists Dubochet, Frank and Henderson in 2017, which earned them a Nobel Prize in chemistry for the development of high-resolution cryo-electron microscopy. The optical emission spectrometer may be used to quickly determine the content of non-metallic inclusions, among other applications. The quenching-deformation dilatometer enables real-time simulation of mechanical loads being applied to steel.

NLMK plans to continue to equip the research and development area with new laboratories. A physical simulation laboratory is set to be opened in Lipetsk this year, to analyse the processes of thermal and mechanical processing of steel, while in La Louvière, Belgium, a laboratory will be established to focus on the development of coatings for rolled steel and technologies for their application.

Source : Strategic Research Institute

voda 3 april 2020 17:07

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British Steel Appoints Turkish DLT as Sales Agent for Turkey and North Africa

SteelOrbis reported that British Steel, which has recently been taken over by China's Jingye Group, has assigned Turkey-based DLT, headed by Onur Altintas, to be its export agent, effective from April 1. The company will be mainly concentrating on sales to Turkey, but is free to bring other sales options to British Steel, in North Africa in particular.

The sales plan will be adjusted in the coming months as British Steel proceeds with its operations. However, according to the preliminary disclosed information, on a monthly basis DLT will have around 60,000-80,000 tonnes of slabs and 20,000 mt of blooms to export. In the longs segment, around 10,000-20,000 tonnes of wire rods and 25,000 tonnes of beams and profiles may be traded, again on a monthly basis.

Source : SteelOrbis

voda 3 april 2020 17:08

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Schnitzer Steel Announces Board Leadership Transition

Schnitzer Steel Industries Inc announced that its Board of Directors has unanimously elected Tamara L Lundgren to succeed John D Carter as Chairman of the Board, effective as of March 27, 2020. Ms Lundgren will continue to serve as Schnitzer’s President and Chief Executive Officer, a role she has held since December 2008. Mr Carter will continue to serve as a member of the Board and will serve as Chairman Emeritus until the January 2021 annual meeting. Wayland R. Hicks will continue in his role as Lead Independent Director.

Schnitzer Steel Industries In. is one of the largest manufacturers and exporters of recycled metal products in North America with operating facilities located in 23 states, Puerto Rico and Western Canada. Schnitzer has seven deep water export facilities located on both the East and West Coasts and in Hawaii and Puerto Rico.

Source : Strategic Research Institute

voda 3 april 2020 17:09

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Steel-Insights Ms Becky E Hites Running for Congress

Steel industry consultant Ms Becky E Hites of Steel-Insights LLC is running for the United States House of Representatives in the Atlanta area district in which she lives. Ms Hites is running in Georgia’s 13th District, which includes all of Douglas County and parts of Cobb, Clayton, Fayette, Henry and Fulton counties. Her path to Congress will include a primary contest against fellow Republican Caesar Gonzales and, if she wins that, a contest likely to be against incumbent Democrat David Scott.

Ms Hites said that the health of the manufacturing sector will be a priority for her if elected. She names former Nucor Corp CEO Dan DiMicco as a mentor and kindred spirit when it comes to trade policies and other issues affecting industrial production in the US.

Source : Strategic Research Institute

voda 3 april 2020 17:09

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Kinsteel Unit to form JV with Tianjin Qiangbang to Run Steel Mill in Malaysia

Kinsteel Bhd said its wholly-owned subsidiary Kin Kee Steel Service Centre Sdn Bhd has entered into a letter of intent to start negotiation with Tianjin Qiangbang Industrial Co Ltd to form a joint venture company to run a steel mill at Gurun in Kedah in Malaysia. Kinsteel said that under the proposed transactions, KKSSC is expected to hold 45% shareholding in the JVC. Kinsteel said the JVC shall be set up as a private company limited by shares in Malaysia with an expected paid-up capital of RM10 million, while KKSSC shall be tasked to secure all licences and approvals from relevant authorities relating to the production of steel products.

The core products involved are steel billet, wire rod, spring steel flat bar and laminated leaf spring.

KKSSC, which is currently dormant, was previously involved in the manufacturing and trading of wire mesh, and it had ceased operations since December 2017. Meanwhile, Tianjin Qianbang is principally engaged in the business or trades of steel smelting, rolling and making, with a share capital of 50 million Chinese yuan.

Source : Strategic Research Institute

voda 3 april 2020 17:10

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KKSP Precision Machining Acquires Prime Engineered Components

Mill Point Capital’s KKSP Precision Machining LLC announced that it has acquired Prime Engineered Component, Inc, a manufacturer of aluminum, brass and stainless steel custom metal components. Prime, based in Watertown, CT, has more than a 50 year history of excellence in precision machined components serving a diverse set of customers and end markets including defense, medical, automotive, and aerospace. With its 85+ multi-spindle screw machines, CNC Swiss multi-axis lathes and CNC Vertical Milling Centers, the Prime Division will provide a significant expansion to capacity and unique capabilities that will add value to the KKSP platform.

Headquartered in Glendale Heights, IL, KKSP Precision Machining is one of the largest manufacturers of machined metal components produced primarily on automatic screw machines. Founded in 1968, the company has evolved into a leading player in the precision turned components industry with facilities in Illinois, Wisconsin, Michigan, Mexico, and Connecticut.

Source : Strategic Research Institute

voda 3 april 2020 17:11

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ArcelorMittal to pay USD 5 Million for Polluted Air in Cleveland and Ohio

ArcelorMittal USA has agreed to pay nearly USD 5 million to settle claims that it violated the Clean Air Act at three separate facilities in two states. A federal judge in Indiana approved a consent decree that will see ArcelorMittal pay USD 2.6 million to the US government, USD 2 million to the state of Indiana and more than USD 370,000 to Ohio. As part of the agreement, the company also agreed to stricter reporting procedures.

Ohio Environmental Protection Agency, which accused the company of exceeding permitted air pollution limits at the Cleveland steel mill on several occasions from 2007 through 2018. The company has made several improvements at the facility to enhance emission controls, inspections, repairs and preventative maintenance to comply with the Clean Air Act.

Source : Strategic Research Institute

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voda 3 april 2020 17:12

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KIOCL Ltd Update on Iron Ore Pellet Production in 2019-20

ToI reported that KIOCL Ltd ended fiscal year 2019-20 with production of 2.375 million tonnes of pellets against 2.238 million tonnes in previous FY and dispatched 2.356 million tonnes as against 2.206 million tonnes in FY 2018-19. The export market helped KIOCL Ltd improve performance of the company. KIOCL CMF Mr MV Subba Rao said the company has processed different types of ores received from different locations including iron ore slime to make charge mix economically viable.

About company’s endeavour to continuously explore opportunities to create new epicentres of growth, Rao stated this performance is appreciable as a merchant pellet producer in the absence of captive raw material source after incurring huge logistic cost in moving iron ore from east coast to its pellet plant in Mangaluru to West coast of India. KIOCL Ltd is totally depending on 100% coastal movement for all inward and outward materials.

Source : ToI

voda 3 april 2020 19:30

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Tata Steel zet grote reorganisatie in ijskast

ata Steel in IJmuiden. Foto: Robin Utrecht voor het FD

Staalconcern Tata Steel heeft de uitvoering van zijn reorganisatieplannen voor zijn Europese activiteiten uitgesteld tot na 1 juli. Het bedrijf zegt daarmee rekening te houden met de huidige 'humanitaire en economische crisissituatie' door de verspreiding van het coronavirus.

Oorspronkelijk wilde Tata drieduizend banen schrappen bij zijn Europese tak om de kosten drastisch omlaag te brengen. Vorige maand werd dit aantal na weerstand van vakbonden en ondernemingsraden teruggebracht naar 1250. Daarvan zouden 975 arbeidsplaatsen verdwijnen bij de vestiging in IJmuiden. In geheel Nederland heeft Tata Steel 11.000 werknemers in dienst.

Verzoenende toon
Tata bracht zijn reorganisatieplannen al in november vorig jaar naar buiten, dus ver voor de uitbraak van het coronavirus in de Chinese stad Wuhan. Topman Henrik Adam zocht toen ook de confrontatie met IJmuiden door te stellen dat deze belangrijke productievestiging ondermaats presteerde. Hij wilde de totale personeelskosten met ongeveer €175 mln omlaag brengen.

Nu is hij verzoenend van toon. Hij spreekt in een intern memo, dat in handen is van het FD, onder andere bewondering uit voor de wijze waarop werknemers met de huidige moeilijke omstandigheden omgaan. De productie loopt bij Tata door, al is ze wel verlaagd doordat de levering aan autofabrieken is stilgevallen.

'Storm doorstaan'
Adam benadrukt dat het zogenoemde transformatieprogramma niet van de baan is. Dat is volgens de Duitse topman 'belangrijker dan ooit' om de toekomst van het bedrijf veilig te stellen. 'We moeten deze storm zo goed mogelijk doorstaan, voor een goede toekomst na corona', stelt hij in het memo.
Vakbondsbestuurder Roel Berghuis van FNV Metaal zegt blij te zijn met het besluit. 'Het zou onmenselijk zijn om in deze moeilijke tijd medewerkers, die juist nu laten zien wat ze waard zijn, met ontslag te confronteren.’

Tata Steel zegt vanwege de verspreiding van het coronavirus voor een flexibelere aanpak te moeten kiezen voor zijn reorganisatieplannen. Die kan per land verschillen, zo maakt Adam duidelijk. Een ding is zeker, in dit kwartaal zal het bedrijf er geen gesprekken over voeren met werknemersorganisaties.
Malaise
De staalindustrie zit al geruime tijd in het slop door lage prijzen en een overaanbod uit China. Tata Steel werd ook geraakt door hogere invoerrechten die de Amerikaanse president Donald Trump invoerde om de eigen staalindustrie te beschermen, en door hogere milieuheffingen.

Topman Adam roept nu zijn werknemers op om nog scherper te kijken naar mogelijke bezuinigingen. 'Alle beetjes helpen', zo zegt hij over de noodzaak om zoveel mogelijk geld binnen het bedrijf te houden.

fd.nl/ondernemen/1340390/tata-steel-z...

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voda 4 april 2020 18:07

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ArcelorMittal declares South Africa force majeure, cuts salaries

Apr. 3, 2020 3:10 PM ET|About: ArcelorMittal (MT)|By: Carl Surran, SA News Editor

ArcelorMittal's (MT -2.5%) South African unit has issued force majeure notices to some customers and suppliers amid a nationwide three-week lockdown, and has cut spending on non-critical goods and services.

The company also has cut salaries for all employees, and all staff are working from home except an essential few needed for care and maintenance of closed plants.

ArcelorMittal says "early signs" of weaker local demand were apparent even before the first coronavirus case was reported in South Africa.

----------------------------------------------------------------------

UPDATE 1-ArcelorMittal South Africa issues force majeure, cuts salaries
2 MIN READ

(Adds company comments, background)

JOHANNESBURG, April 3 (Reuters) - ArcelorMittal South Africa has issued force majeure notices to customers and suppliers “where appropriate” as a nationwide three-week lockdown impacts Africa’s biggest steel producer.

Triggering a force majeure clause in contracts allows certain terms of an otherwise legally binding agreement to be ignored because of unavoidable circumstances.

“While the need for such action is clear and supported, it will result in further challenges over and above the effects of an already struggling economy and the economic impact of COVID-19 globally and locally,” the company said in a statement on Friday.

ArcelorMittal South Africa also said on Friday it has cut salaries for all employees, effective this month, for a “likely” period of three months.

All staff are working from home except essential staff needed for care and maintenance of the plants, the ArcelorMittal subsidiary, which runs the Vanderbijlpark steel works and Saldanha steel works, added.

Anticipating an impact from the new coronavirus on the South African economy, the firm also said it would cut spending on noncritical goods and services.

ArcelorMittal said “early signs” of weaker local demand were apparent even before the first case of COVID-19 was reported in South Africa, as the pandemic hobbles the global economy.

South Africa has been under a government-mandated lockdown to battle the spread of the new coronavirus for a week, with people’s movements severely curtailed and many mining and processing operations halted. (Reporting by Helen Reid in Johannesburg Editing by Hugh Lawson and Matthew Lewis)

voda 6 april 2020 15:52

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Liberty Galati Steel Works Reduces Activities

Liberty’s Galati Steel Works will temporarily reduce activity and will introduce partial furlough for the coming period. Company's communication director, Dorian Dumitrescu said "In the context of the economic drop at the world level, generated by the pandemic of the novel coronavirus, Liberty Galati announces that it has to temporarily reduce its activity and introduce, partially, furlough for the coming period. The decision was made after the implementation of numerous other measures, such as replacing of contractors with own staff and cost management measures. The company is looking for solutions and is working closely with the trade unions and authorities to maintain to a minimum the social impact associated with such decisions. The measure has as a purpose both the protection of interests of employees as well as ensuring continuity and sustainability in the long term of the steel works' operations.”

The administrative personnel will enter furlough for a period of only three days, while the rest of the personnel will be able to use furlough only if they refuse or are not qualified to conduct other work than that for which they were hired.

Liberty Galati, located in South-East Romania, is the largest integrated steel plant in Romania and leader in manufacturing metallurgical products, with a current production capacity of 2 million tonnes of steel. The Galati Steel Works employs 5,100 employees, of which 1,500 are administrative personnel.

Source : Strategic Research Institute

voda 6 april 2020 15:54

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Brazilian Steelmakers Shutting Down Blast Furnaces

Brazil steelmaker Gerdau announced several production cuts, including temporarily shutting down one of its blast furnaces, following in the footsteps of its domestic competitors as the coronavirus outbreak has harmed demand. Brazilian steelmaker Gerdau will idle the1.5 million tonnes No 2 blast furnace at its Ouro Branco mill, in the southeastern state of Minas Gerais, this month to adjust operations due to to currently weakened demand because of the Covid-19 pandemic. Usinas Siderurgicas de Minas Gerais said that it would shut down two more blast furnaces, bringing the total to four. Only one remains operational. ArcelorMittal Brazil has begun to shut down one of its blast furnaces, which adds to another one that had been on hiatus since last year.

Companhia Siderurgica Nacional has been able to keep its operations in Rio de Janeiro thanks to the construction industry. But a source familiar with the situation said the company is studying the current scenario.

Source : Strategic Research Institute

voda 6 april 2020 15:58

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Mexico Steel Industry Not Exempted from Coronavirus COVID-19 Lockdown

Mexican steel industry leaders are demanding the sector be excluded from a government-imposed suspension of activities, warning the measure would harm the economy. Local daily La Prensa de Monclova, citing sources from industry chamber Canacero, reported that suspending Mexico’s steel sector will have irreversible impacts for the national economy and halting production would be highly damaging. According to the chamber ‘A sudden suspension would put workers at risk and cause irreparable damage to facilities, reactors and equipment. Bringing steel furnaces to a halt would take more than 45 days, and restarting production would take six months.’

All non-essential private and public sector activities will be halted until April 30 as part of measures aimed at slowing the spread of COVID-19. Key industries have not been spared from the order. Food supply, health and security services and social programs are among the activities deemed essential.

Source : Strategic Research Institute

voda 6 april 2020 15:59

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British Steel Takes Measures amid Coronavirus COVID-19 Spread

British Steel CEO Mr Ron Deelen said “The coronavirus is shaping how we all lead our daily lives and we’ve robust and flexible plans in place to protect our employees, customers, suppliers and the communities in which we operate. We continue to follow the latest guidance from Public Health England and the UK Government, and are constantly adapting our working habits and operations accordingly. Hundreds of our employees, predominantly in office-based roles but a growing number in technical positions, have been working from home for some time now and they’ll remain doing so for the foreseeable future. Manufacturing is obviously very different and our safety critical operations, which are largely unique to the steel industry, require some highly skilled people to remain on our sites. To safeguard these employees during the pandemic, and ensure their wellbeing at work, we’re following Government guidelines and meeting twice daily to review operations.”

He said “As we manage the internal and external challenges coronavirus brings, we’ll take decisive action to protect our people and our operations. Due to a fall in demand, we’ve paused production and operations at our Special Profiles business in Skinningrove, initially for three weeks, with immediate effect. We’re also reducing operations at our Lisburn service centre for a short time for similar reasons. These are both temporary measures in the face of difficult market conditions, and we’ll provide all the support our employees deserve and require. Our other sites continue to operate in line with Government guidance, including our two blast furnaces in Scunthorpe. We’ll continue to adjust production appropriately and will not compromise on safety.”

Source : Strategic Research Institute

voda 6 april 2020 15:59

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JSPL Crude Steel Output in 2019-20 Grows 12%

Jindal Steel and Power Ltd said that its annual crude steel production and sales figure for the fiscal year ended March 31, 2020 stood at 8.17 million tonne and 7.92 million tonne, respectively. In 2018-19 fiscal, the consolidated steel production of the company stood at 7.30 million tonne, while, sales were at 7.22 million tonne. During fiscal year 2019-20, JSPL registered a growth of 12 per cent in output, while the sales have registered a rise of 10 per cent. According to JSPL, this is the highest annual crude steel production and sales figure.

In Oman, the company’s subsidiary Jindal Shadeed Iron and Steel, produced 1.87 million tonne steel, up 9 per cent, and sales were at 1.88 million tonne, higher by 4 per cent.

Source : Strategic Research Institute

voda 6 april 2020 16:00

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LIBERTY Ostrava Provides Tubes for West Qurna Oil Field in Iraq

LIBERTY Ostrava has completed a significant order to manufacture 11km of seamless tubes for the West Qurna oil field in the south of Iraq, one of the largest oil fields in the world. The tubes are made of high quality steel with high resilience to heat and acid. The Ostrava tubular mill delivered to Iraq nearly 11 km of seamless tubes, made of vacuum degassed steel, all of which was equipped with insulation which allow the pipes to resist temperatures of up to 80°C.

The West Qurna oil field (Phase II) contains up to 14 billion barrels of oil and stretches at an area of 340 square kilometres. It falls under the state-owned Iraq National Oil Company which manages oil drilling in the south of Iraq in cooperation with Lukoil Multinational Corporation.

Source : Strategic Research Institute

voda 7 april 2020 07:29

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ArcelorMittal produceert beademingsapparatuur

FONDS KOERS VERSCHIL VERSCHIL % BEURS
ArcelorMittal
8,644 0,00 0,00 % Euronext Amsterdam

(ABM FN-Dow Jones) ArcelorMittal is een samenwerking aangegaan met medische deskundigen in Spanje om met behulp van een 3D-printer beademingsapparatuur en mondkapjes te maken in de strijd tegen het coronavirus. Dit maakte de staalreus dinsdagochtend bekend.

De beademingsapparatuur wordt momenteel aan veiligheidstests onderworpen en moet nog worden goedgekeurd.

Van de mondkapjes worden twee types gemaakt. Van het eerste standaardtype zijn al 650 exemplaren verstuurd naar Spanje voor een bestelling van in totaal 1.000 mondkapjes. ArcelorMittal hoopt volgende week 4.000 mondkapjes van dit type beschikbaar te hebben.

Het tweede type mondkapje wordt aan een helm bevestigd, bedoeld voor fabrieksmedewerkers. Van deze mondkapjes worden er momenteel 1.000 gemaakt en de staalreus is met externe partners in gesprek om de productie op te schalen. Beide mondkapjes moeten minder dan 5 euro kosten.

Door: ABM Financial News.
info@abmfn.nl
Redactie: +31(0)20 26 28 999

© Copyright ABM Financial News B.V. All rights reserved.

voda 7 april 2020 07:32

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Aperam haalt financieel directeur bij Thyssen

Gepubliceerd op 7 april 2020 07:25 | Views: 0

Aperam 06 apr
20,19 0,00 (0,00%)

LUXEMBURG (AFN) - Aperam heeft een nieuwe financieel directeur gevonden in de persoon van Sudhakar Sivaji. Hij volgt Sandeep Jalan op die in februari zijn vertrek aankondigde om bij SES, een bedrijf dat zich richt op draadloze connectiviteit en videostreaming aan de slag te gaan.

Sivaji komt over van branchegenoot Thyssenkrupp. Hij gaat op 6 mei aan de slag bij Aperam.

voda 7 april 2020 16:08

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Worthington Industries Files AD CVD Petitions on Imports of Non Refillable Steel Cylinders from China

Worthington Industries has filed antidumping and countervailing duty petitions against Certain Non-Refillable Steel Cylinders from China. The petition identifies the merchandise to be covered by this AD/CVD investigation as non-refillable steel cylinders that meet the US Department of Transportation Specifications 39.The steel cylinders are used for a wide variety of applications, including storing refrigerants, helium, and chemicals.

Petitioner calculated estimated dumping margins ranging between 60.78%. Petitioner did not provide any specific subsidy margin calculations.

Estimated Schedule of Investigations
March 27, 2020 – Petitions filed
April 16, 2020 – DOC initiates investigation
April 17, 2020 – ITC Staff Conference
May 11, 2020 – ITC preliminary determination
August 24, 2020 – DOC CVD preliminary determination (assuming extended deadline) (6/22/20 – unextended)
October 23, 2020 – DOC AD preliminary determination (assuming extended deadline) (8/24/20 – unextended)
March 7, 2021 – DOC final determination (extended and AD/CVD aligned)
April 21, 2021 – ITC final determination (extended)
April 28, 2021 – DOC AD/CVD orders issued (extended)

Worthington Industries previously filed petitions that led to AD/CVD orders being imposed against steel propane cylinders from China and Thailand in August 2019, and also AD/CVD orders against high pressure steel cylinders from China since June 2012. With each successive petition filing, Worthington Industries has expanded the scope of its products that are covered by the protection of US trade laws.

Source : Strategic Research Institute

voda 7 april 2020 16:08

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Bangladeshi Steelmakers Face Scrap Import Challenges

The Daily Star reported that steel manufacturers in Bangladesh are bracing for massive losses as the coronavirus pandemic has disrupted the import of raw materials and production. As much as 90 per cent of the raw materials are imported from the US, Canada, Italy, the UK and Australia, which have gone into partial or full lockdown since the beginning of March to contain the spread of the highly contagious and deadly pathogen. And the lockdown in the countries are unlikely to be lifted anytime soon given the breathtaking pace at which the novel virus is infecting people there and claiming lives. Not only raw materials, steel manufacturers are unable to bring in spare parts or capital machinery for the near standstill of economic activities around the world, he said, adding that about eight million empty containers are now stranded in the Chinese ports alone.

To tide them over during this trying period, steelmakers are demanding some policy support. Banks can extend the tenure of payment for letters of credit by an additional six months without the need for taking prior permission from the central bank, Hossain said, while calling for a fund for short-term loans against LCs.

The country has about 40 active manufacturers, who altogether have the capacity to manufacture nine million tonnes of steel a year. Of them, Abul Khair Steel, GPH Steel, BSRM and KSRM meet more than half the annual demand for about eight million tonnes.

Source : The Daily Star

Vertraagd	18 apr 2024 11:26
Koers	23,830
Verschil	+0,320 (+1,36%)
Hoog	23,900
Laag	23,560
Volume	510.279
Volume gemiddeld	2.405.623
Volume gisteren	3.430.788

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