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voda 23 oktober 2019 16:55

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Union Electric Steel UK Report Loss in 2018

Union Electric Steel UK has reported turnover for the year ended 31 December 2018 at GBP 46.2 million, up from GBP 41.1 million in 2017. However, due to raw material price increases and general wage inflation the company recorded a pre-tax loss of GBP 3.3 million, down from the profit of GBP 8.5 million the company made in 2017. Order intake improved over the prior year, ending the year at a level of GBP 69.2 million, up from GBP 50.5 million in 2017.

Union Electric Steel UK is headquartered in Gateshead and specialises in the manufacture and sale of rolling mill rolls. Previously known as The Davy Roll Company, it was bought by Union Electric Steel in 1999 and had its name changed in 2011.

Source : Strategic Research Institute

voda 23 oktober 2019 17:00

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BlueScope Steel US North Star Plant to Increase Smelting Capacity

Australia's BlueScope Steel recently released 2019 results show that the company's board of directors has approved the North Star plant in Delta, Ohio to expand steelmaking capacity. The project is expected to invest a total of USD 700 million and will install a new No 3 electric furnace, a new No 2 slab caster and a new shuttle furnace, with an increase of 850000 tons per year. The new equipment is scheduled to be put into production in mid-2022 and reach its design capacity within 18 months.

The North Star plant currently has a steelmaking plant with a capacity of 2.2 million tonnes per year and a hot continuous rolling plant with a capacity of 2.1 million tonnes per year, which mainly produces 1.27-12.7 mm thick and 1055-1550 mm wide hot rolled coils.

Source : Strategic Research Institute

voda 23 oktober 2019 17:01

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AISI Update on Raw Steel Production in US in Week 42

In the week ending on October 19, 2019, domestic raw steel production was 1,841,000 net tons while the capability utilization rate was 79.6 percent. Production was 1,877,000 net tons in the week ending October 19, 2018 while the capability utilization then was 80.1 percent. The current week production represents a 1.9 percent decrease from the same period in the previous year. Production for the week ending October 19, 2019 is up 1.1 percent from the previous week ending October 12, 2019 when production was 1,821,000 net tons and the rate of capability utilization was 78.7 percent.

Adjusted year-to-date production through October 19, 2019 was 77,919,,000 net tons, at a capability utilization rate of 80.3 percent. That is up 2.8 percent from the 75,817,000 net tons during the same period last year, when the capability utilization rate was 77.5 percent.

Broken down by districts, here's production for the week ending October 19, 2019 in thousands of net tons: North East: 205; Great Lakes: 706; Midwest: 156; Southern: 699 and Western: 75 for a total of 1841.

Source : Strategic Research Institute

voda 25 oktober 2019 08:45

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ArcelorMittal verhoogt prijzen - media

FONDS KOERS VERSCHIL VERSCHIL % BEURS
ArcelorMittal
13,562 0,00 0,00 % Euronext Amsterdam

(ABM FN-Dow Jones) ArceloMittal heeft zijn staalprijzen verhoogd. Dit meldde Fastmarkets AMM.

Volgens Fastmarkets trokken ArcelorMittal en NLMK USA per direct de prijzen op naar 40 dollar per ton. Dit meldde Mittal donderdag in een brief aan zijn klanten, waarna NLMK USA later op de dag het voorbeeld volgde.

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

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

voda 25 oktober 2019 14:28

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Kleine afname mondiale staalproductie

FONDS KOERS VERSCHIL VERSCHIL % BEURS
ArcelorMittal
13,646 0,084 0,62 % Euronext Amsterdam
Bekaert
25,78 -0,36 -1,38 % Euronext Brussel

(ABM FN) De wereldwijde staalproductie is in september iets gedaald ten opzichte van dezelfde periode vorig jaar. Dit bleek vrijdag uit cijfers van de brancheorganisatie World Steel Association.

In totaal maakten de 64 staalproducerende landen in de afgelopen maand 151,5 miljoen ton staal, een afname van 0,3 procent op jaarbasis. In augustus was er nog een groei van ruim 3 procent en na negen maanden lag de productie zelfs 3,9 procent hoger dan in de eerste negen maanden van 2018.

De productie in China liet in september een groei van 2,2 procent zien. De grootste producent ter wereld produceerde 82,8 miljoen ton staal.

In de VS daalde de staalproductie evenwel met 2,5 procent. In Japan en Zuid-Korea daalde de staalproductie respectievelijk met 4,5 en 2,7 procent.

Duitsland zag de productie met 4,0 procent afnemen.

Door: ABM Financial News.
pers@abmfn.be
Redactie: +32(0)78 486 481

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

voda 25 oktober 2019 14:54

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Fresh Fears for 5000 jobs at British Steel

ThisisMoney reported that thousands of jobs at British Steel are in the balance after a rescue deal by Turkey's military pension fund was thrown into doubt. Ataer Holding, an arm of pension fund Oyak, has had exclusive talks with the Official Receiver over a formal bid for the steel maker. That period has ended and the Government has restarted talks with other potential buyers of British Steel, which employs 5,000 people and supports another 20,000 jobs in the supply chain.

Reports have claimed a rescue is in danger of failing because some British Steel suppliers were refusing to accept price cuts.

The firm was put into compulsory liquidation in May when talks between its former private equity owner, Greybull Capital, and the Government fell apart.

The company, which owns the Scunthorpe steelworks and other sites on Teesside, has since been kept afloat by taxpayers.

Ataer was picked from several bidders for talks but Turkey's invasion of north Syria on October 9 has complicated plans to sell it to a fund connected to its military.

The Official Receiver said that “Discussions with other parties who have expressed continued and renewed interest in acquiring the whole business will now be possible. Diligence team members from these parties are expected to visit the company's sites.”

Source : ThisisMoney

voda 25 oktober 2019 14:55

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British Steel's Official Receiver Now Open to Discussions with Others

The period of exclusive talks with Ataer, a subsidiary of Turkey's Oyak, to complete the sale of the company and its subsidiaries, excluding TSP Projects Limited, which has been sold separately, ends this week. British Steel’s Official Receiver said "While discussions with Ataer are continuing, discussions with other parties who have expressed continued and renewed interest in acquiring the whole British Steel business will now be possible. Meanwhile, Ataer remain very much interested in acquiring the business and we remain in detailed discussions with them to conclude a sale. The conclusion of the exclusivity period allows us to consider all of the options available at this point in the process. I would like to thank the team at British Steel for their continued support and hard work during this period of uncertainty.”

Liberty House, a company which already owns facilities in nearby Rotherham and Stocksbridge, may be one party that is willing to come back with a fresh bid having already mooted its interest earlier in the year.

Meanwhile, Labour MP for Scunthorpe, Nic Dakin, has been in regular contact with British Steel, business secretary Andrea Leadsom and the trade unions. He said “The fundamentals of British Steel are unchanged. This is a strong business, which is reflected by the continued interest of a number of parties in buying British Steel. I am continuing to do everything I can to ensure that there is a successful outcome.”

Source : Strategic Research Institute

voda 25 oktober 2019 14:57

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Japan’s Crude Steel Output in Jul-Sep’19 Falls to Lowest in 10 Years

Japan Iron and Steel Federation announced that Japan’s crude steel output slid to 24.55 million tonnes in July- September 2019, down 4.3% YoY, the fifth consecutive quarterly drop, lowest in 10 years after some plants were shut following typhoons and fires, while construction delays reduced demand. Japan’s biggest steelmaker, Nippon Steel Corp, said earlier this month one of the two steelmaking plants at its Kimitsu Steel Works will be shut until the end of December to repair a chimney that collapsed in a typhoon last month. Another steelmaking plant at Nippon Steel’s subsidiary in Hiroshima, Kure Works, has also suspended operations since a fire damaged its operating room in late August.

Zie pdf, voor cijfers.

Source : Strategic Research Institute

Bijlage:

voda 25 oktober 2019 15:02

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JSW Steel declares Q2 & H1 Results

JSW Steel Limited has today reported its results for the Second Quarter and the Half Year ended 30th Sep, 2019. JSW said “The current quarter performance of JSW Steel was marked by a confluence of multiple headwinds - prolonged and severe monsoon impacting operations & logistics at Dolvi Works, weak demand environment, sustained tight liquidity conditions, certain planned shutdowns and a sharp correction in steel prices. As a result, crude steel production during the quarter stood at 3.84 million tonnes, lower by 8% YoY.”

Voor cijfers, zie pdf.

Standalone Performance:
Revenue from operations: INR 15,520 crores
Operating EBITDA: INR 2,796 crores
PAT: INR 2,917 crores

Consolidated Performance:
Revenue from operations: INR 17,572 crores
Operating EBITDA: INR 2,731 crores
PAT: INR 2,536 crores

JSW Steel Coated Products - During the quarter, JSW Steel Coated Products registered a production volume of 0.42 million tons and sales volume of 0.43 million tonnes. Revenue from operations and operating EBITDA for the quarter stood at INR 2,788 crores and INR 153 crores respectively. Pursuant to the changes to the Corporate Tax regime, the Company has opted to move to the new tax regime from FY2020 onwards. This has resulted in a write back of tax liabilities amounting to INR 101 crores during the quarter. Accordingly, Net Profit after Tax stood at INR 157 crores for the quarter.

US Plate and Pipe Mill - The US based Plate and Pipe Mill facility produced 58,106 net tonnes of Plates and 15,746 net tonnes of Pipes, operating at a capacity utilization of 25% and 11%, respectively, during the quarter. Sales volumes for the quarter stood at 53,333 net tonnes of Plates and 7,020 net tonnes of Pipes. It reported EBITDA loss of USD 11.2 million for the quarter, mainly due to lower realization and inventory write-down of ~USD 3.5 million.

JSW Steel USA Ohio (Acero) - The US based HR coil manufacturing facility produced 87,337 net tonnes of HRC during the quarter. Sales volumes for the quarter stood at 98,063 net tonnes. It reported EBITDA loss of USD 31.6 million for the quarter, which includes an inventory write-down of USD 13.2 million.

JSW Steel Italy (Aferpi)- The Italy based Rolled long products manufacturing facility produced 130,897 tonnes and Sold 131,710 tonnes during the quarter. It reported EBITDA loss of 6.9 million Euros for the quarter.

Pursuant to the amalgamation scheme approved by the Hon'ble NCLT, the wholly-owned subsidiaries of the Company - Dolvi Minerals and Metals Private Limited, Dolvi Coke Projects Limited, JSW Steel Processing Centre Limited and JSW Steel (Salav) Limited merged with the Company with the effective date of 1st September, 2019. Accordingly, the Company has accounted for these mergers under the pooling of interest method retrospectively for all periods presented in the results.

Source : Strategic Research Institute

Bijlage:

voda 25 oktober 2019 15:02

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SCHMOLZ + BICKENBACH Lowers Guidance for Fiscal Year 2019

SCHMOLZ + BICKENBACH has lowered its earnings forecast for the 2019 financial year on the basis of business developments since the beginning of September. Adjusted EBITDA is now expected to be below the range of EUR 70 million to EUR 100 million issued in September. After the usual seasonal slowdown in the summer months, demand in September recovered from its lowest point in August, but at a much lower rate than expected. A noticeable recovery in order intake and order backlog also failed to materialize in the first weeks of the fourth quarter. Accordingly, the Company expects adjusted EBITDA to be below EUR 70 million. Due to the further increase in political and economic uncertainties and the seasonal decline in demand towards the end of the year, which is customary, the Company is refraining from issuing a more accurate forecast. SCHMOLZ + BICKENBACH continues to decisively counteract to the adverse market development and to minimize the impacts on the company.

In addition to intensifying its operating improvement and cash preservation measures, the company plans, as also announced today, to carry out a capital increase in 2019 to strengthen its balance sheet.

Source : Strategic Research Institute

voda 25 oktober 2019 15:03

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Steel Foam Could Replace Aluminum in Aircraft Wings - NC State University

The new material developed at North Carolina State University is a combination of a steel composite metal foam and epoxy resin. The mixture is just as light as aluminum, but tougher and with additional characteristics that make it highly desirable for aerospace applications. Mr Afsaneh Rabiei, lead author of the new study, and colleagues call their hybrid material infused composite metal foam. Metal foams are made of hollow, metallic spheres usually made from stainless steel or titanium that are embedded in a metallic matrix made of steel, aluminum or metallic alloys. This configuration makes metal foams incredibly light and tough at the same time. Tests performed by other researchers in the past showed that CMFs can withstand a .50 caliber bullet, as well as resist high temperatures and the blast pressure from a high explosive incendiary device.

For their study, the North Carolina State University researchers employed a steel-steel CMF, meaning both the spheres and the matrix were made of steel. They then infused the CMF in a hydrophobic (water-repelling) epoxy resin. Vacuum forces pulled the resin through both the hollow spheres and the tiny pores found in the steel matrix. During one experiment, the researchers designed a head-to-head test between the infused CMF and aerospace-grade aluminum, which evaluated how the two performed in three key areas: contact angle (how fast water streams off of an aircraft’s wing), insect adhesion (how well bugs stick to the wing), and particle wear (resistance to erosion). All of these factors influence the performance of an aircraft’s leading edge.

The contact angle is simply a measure of how well water is repelled by a surface, such as an aircraft’s wing. If the wing builds up water, it can significantly lower the aircraft’s performance. In the new study, the researchers found that the infused CMF had a contact angle which was 130% higher than aluminum.

Meanwhile, the infused CMF also outperformed aluminum for insect adhesion, measured as the maximum height of insect residue that builds up on a material and by the amount of area covered by insect residue. The infused CMF had 60% better protection against insect adhesion with regard to height and 30% with regard to surface area.

The CMF also fared better than aluminum in erosion tests retaining a contact angle that was 50% higher than aluminum. This is particularly important from an economic standpoint since it implies a longer lifetime for a leading-edge wing made from infused CMF.

Source : Strategic Research Institute

Bijlage:

voda 25 oktober 2019 15:05

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JSW Steel Cuts CAPEX

JSW Steel said that key projects viz. augmenting crude steel capacity at Dolvi Works from 5 to 10 MTPA, 12 to 13 MTPA expansion (except BF-3 enhancement) at Vijayanagar Works, capacity expansion of CRM-1 complex at Vijayanagar Works and certain other downstream projects are progressing satisfactorily towards commissioning.

It said “In light of the prevailing market conditions, the company has recalibrated the capital expenditure plan of FY2020. The company has identified certain projects - comprising of some downstream projects, like continuous annealing line at Vasind Works, second tinplate line at Tarapur Works, color coating line at Rajpura etc, certain special projects and some items of normal capex, and deferred INR 4,700 crore worth of spends to the next year. This implies a revised cash flow plan of INR 11,000 crores for the current fiscal year vs previous guidance of INR 15.708 crore.”

Source : Strategic Research Institut

voda 25 oktober 2019 15:05

0

JSW Steel Sees Indian Steel Demand Growing by 5% in 2019-20

While announcing Q2 results, JSW Steel said “The IMF revised its 2019 world GDP growth forecast to 3.0%, from 3.2% earlier, on the back of sluggish economic indicators, especially pertaining to global manufacturing over the last 3 months. After a strong growth in 2018 and robust labor markets, the US growth outlook has softened as reflected by key economic indicators. The Fed's accommodative policies are supportive for moderate economic expansion. Euro area growth remains fragile given contraction in industrial growth, subdued private consumption and trade / political uncertainties. Japan growth outlook is subdued as headwinds of external trade weakness and fiscal impulse fades way. As expected. Chinese growth has slowed down, while policymakers are likely to facilitate proactive fiscal and monetary measures to mitigate the downward pressure on economy. Overall, ongoing trade tensions and heightened geopolitical tensions contribute to elevated risks. On the other hand, a possible resolution of the on-going trade tensions and combination of fiscal and monetary policies are likely to aid global recovery. Global steel spreads remained under pressure during the quarter, mainly driven by a moderation in the underlying demand and steel pricing. Spreads were partially supported as seaborne coking coal prices dropped sharply, while sea-borne iron ore prices remain range bound. A disciplined supply response from steel mills should be supportive for steel spreads in the coming quarters.”

It said “Indian economic activities during the quarter were underpinned by credit squeeze, weakened consumer sentiment and prolonged monsoon season. As a result, IIP growth and manufacturing PMI dropped sharply. The Government has undertaken a series of measures including reduction in corporate tax rate, unclogging pending government payments, GST refunds, etc. Further, the government is mulling measures to monetize investments in order to generate resources for infrastructure investment. The combination of above measures is likely to support an uptick in GFCF cycle over the medium term. Weaker automotive sales volumes and consumer durables sales in recent months is a matter of concern. Having said that, a modest recovery is expected on the back of festivity demand and various initiatives of government to facilitate credit availability in the system. A better than normal monsoon bodes well for farm incomes and a potential uptick in rural demand. Overall, supportive fiscal and monetary measures are likely to spur investment and consumer demand over the medium term. Despite the ongoing slowdown in the domestic economy, Indian steel demand is expected to grow by 5% during FY2020.”

Source : Strategic Research Institute

voda 25 oktober 2019 15:06

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Mr Trump Withdraws Turkish Steel Tariff Back to 25%

US President Donald Trump said Wednesday he had instructed the Department of the Treasury to lift all sanctions imposed on Turkey in light of a pause in the latter country's military operations in northeastern Syria. An increase on the tariff on Turkish steel to 50% was announced by Trump at the beginning of last week via Twitter, but never officially implemented.

Mr Trump previously raised Turkey's steel tariff rate to 50% from the wider Section 232 tariff level of 25% in August 2018 amid increased political tension between the countries due to the detention of American pastor Andrew Brunson. Turkey's tariff for steel was dropped back to 25% in May.

Source : Strategic Research Institute

voda 25 oktober 2019 15:07

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SSAB Announces Q3 Result

SSAB announced Q3 Quarter result. CEO of SSAB said that "SSAB’s operating profit, excluding items affecting comparability, for the third quarter of 2019 was SEK 300 million, down SEK 1,300 million compared with the third quarter of 2018. Lower earnings were primarily attributable to SSAB Europe. Group operating cash flow for the third quarter was SEK 1,038 (1,922) million. Demand for SSAB Special Steels weakened during the third quarter, primarily in Europe. Shipments were down and operating profit was lower than the same quarter prior year at SEK 358 (536) million. Margins declined during the quarter mainly due to higher iron ore costs. Demand in Europe was seasonally lower and weaker business conditions meant that the decline was more pronounced than normal. Operating profit for the third quarter fell to SEK -480 (460) million. Exceptional pressure on margins on the European market continued to have a negative impact on third quarter earnings, which were also negatively impacted by the planned mid-term repair of one of the blast furnaces in Raahe. Market prices of iron ore decreased during the latter part of the quarter and will lead to lower raw material costs for SSAB Europe during the fourth quarter. Third quarter operating profit for SSAB Americas decreased to SEK 522 (790) million, primarily due to lower realized prices. Demand was relatively stable and shipments were up somewhat compared with the previous quarter.”

Highlights of Q3
1. Sales were SEK 18,840 (19,038) million
2. Operating profit before depreciation/amortization excluding items affecting comparability was SEK 1,327 (2,563) million
3. Operating profit, excluding items affecting comparability, was SEK 300 (1,600) million
4. Operating profit, including items affecting comparability, was SEK 150 (1,387) million
5. Earnings per share were SEK 0.03 (0.85)
6. Operating cash flow was SEK 1,038 (1,922) million
7. Net debt/equity ratio was 15% (17%), excluding IFRS 16

CEO added “Heading towards the end of the year, we see a more pronounced seasonal slowdown than normal. Several measures were taken already in the third quarter to cut costs across the Group; production rates were reduced on several lines and the smaller blast furnace in Oxelösund was idled, there was a significant reduction of temporary employees, reduced working hours and temporary lay-offs were introduced together with other costs savings measures. To achieve further reductions of cost and capacity, we will idle one of the blast furnaces in Raahe at the end of November. At the same time, our strong balance sheet, low net gearing and limited debt maturities the coming years give us a sound basis to continue to develop SSAB. The HYBRIT initiative, aiming to produce fossil free steel, is proceeding according to plan and is generating a lot of interest among our customers."

Source : Strategic Research Institute

voda 25 oktober 2019 15:17

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Danieli Digimelter Q-One Power System at ABS Sisak

The results of the Danieli Automation Q-One power system installed at ABS Sisak meltshop for special steel (Croatia), confirmed an impressive increase of active power availability and EAF efficiency. Q-One technology provides the most stable, low-disturbance effect (flicker and power factor) on the electrical power network along with the most advanced, dynamic, fast, electrode control system reducing electrode consumption through hi-performance power unit. The upgrade of the 78 tonne melting unit by Q-One at ABS Sisak, led to 20% reduction of electrode consumption and a 10% shorter power-on time. One of the targets of the upgrade at ABS Sisak was to comply with the narrower rules applied by the Croatian electrical energy supplier.

A very low network flicker due to a quick control of voltage and current and a power factor constantly above 0,96 were achieved.

Q-One offers unmatched power control and handling and does not require any SVC installation.

Source : Strategic Research Institute

voda 25 oktober 2019 15:17

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SCHMOLZ + BICKENBACH plans capital increase

Global leader in special long steel, SCHMOLZ + BICKENBACH has informed today about its plans for a capital increase. The transaction is subject to the approval of an Extraordinary General Meeting to be held on December 2, 2019. It said “The weakness in the most important end markets, such as the automotive industry, which went beyond the usual cyclicality, led to a crisis in the steel industry that SCHMOLZ + BICKENBACH was unable to escape. The rapid development as well as the depth and duration of this weak demand require measures to strengthen equity. After examining all feasible options, the Board of Directors decided to propose to the shareholders an increase of the share capital. Martin Haefner is prepared to contribute up to CHF 325 million through BigPoint Holding AG, a company he controls, if this will enable him to acquire a stake of at least 37.5 % in the Company's new total capital as a result of the capital increase.”

It said “Further conditions are sufficient security for the debt financing and a restructuring exemption to be granted by the Swiss Takeover Board from the obligation to submit a mandatory takeover offer, and the election of two persons nominated by BigPoint Holding AG as additional members of the Board of Directors by the EGM. The capital increase to be approved by the EGM should reach a total amount of at least CHF 189 million and not more than CHF 350 million.”

Source : Strategic Research Institute

voda 25 oktober 2019 15:18

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Valbruna ASW to Expand Workforce - Mr Clutterbuck

St Catharines Standard reported that Valbruna ASW Inc, formerly ASW Steel, in Welland is operating at approximately one-third of its potential capacityand its recent sale to a company headquartered in Europe could change that. Mr Tim Clutterbuck, president of Valbruna ASW Inc, said expanding production of specialty steels to be sold mostly in the US is a focus of the re-branded factory in Welland. He said the site on Centre Street has a "large footprint that allows for growth and new opportunities to be investigated, and an increase in the number of hours of operation is possible. He said "We have a lot of extra capacity. This will give us a chance to expand the workforce a bit. Significant growth may start being noticed in about a year.”

A deal was finalized earlier this month between ASW Steel Inc, onetime Atlas Steels, and Valbruna, a company based in Italy that also has a factory in Indiana and a service centre in Milton, Ont. ASW Steel Inc. was sold by Ampco-Pittsburgh Corp., which had owned the Welland factory since 2016.

Source : St Catharines Standard.

voda 25 oktober 2019 15:19

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GMS Market Commentary on Shipbreaking in Bangladesh in Week 42 - On the Decline!

Confusingly, after several weeks of positive gains, the Bangladeshi market once again spiraled into an unexpected decline. Just as a prolonged summer & monsoon season came to an end and product started to finally shift from local yards, it was generally expected that demand and vessel prices would subsequently firm up and this indeed seemed to be the case, until unexpected price reversals were witnessed over the course of last week. Whilst the recent positive gains were short lived as the top tier of Chattogram Recyclers seem to have booked their share of tonnage at the firmer levels, the next tier of Buyers do not seem as keen to compete at these higher overall levels, resulting in the ongoing price declines being witnessed.

Notwithstanding, several larger LDT sales did register at some impressive numbers as the 1976 built FPSO NAN HAI FA XIAN (42,956 LDT) fetched a hefty USD 325/LT LDT basis an ‘as is’ Singapore delivery. The price is considered hefty, not only because ‘hot works’ cleaning is for the account of the Buyers (with about 2,000 Tons of sludges reported to be expected onboard), but even the ‘own power’ delivery aspect of the vessel was questionable at the time of the sale.

Additionally, Berge Bulk of Singapore managed to commit their VLOC (converted from VLCC) BERGE BUREYA (37,818 LDT), for a firm USD 410/LT LDT basis a prompt ‘as is’ Singapore delivery, with sufficient bunkers for the voyage to Bangladesh included in the sale.

What happens with the Bangladeshi market going forward is very much a mystery, but for the well of the industry and as the only market that is still willing to offer comparatively firmer levels, a strong Bangladeshi market is hoped for, especially as 2019 wraps itself up.

Source : Strategic Research Institute

voda 25 oktober 2019 15:19

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US Air Force Develops 3D Printed Steel

US Air Force scientist has developed a state-of-the-art low alloy high-performance steel that can be powdered and 3D printed into components, and other replacements parts for military and commercial applications. The new steel was invented by Dr Rachel Ann Abrahams of the US Air Force Research Laboratory’s Munitions Directorate, according to a patent issued. Dr Abrahams described the new USAF-96 steel, originally designed for bunker-buster bombs, as the perfect material for both military and commercial use. He said that “The actual task was to see if we could make it easier for the producers to make and reduce the cost by about 10%. When they came back and said that it was going to be a 50% reduction in cost I think all of us were very, very excited and very surprised.”

Current steel production methods are costly due to the number of expensive alloys necessary, including tungsten and cobalt. Until now, new ways of manufacturing steel failed to retain strength while cutting costs.

According to the Air Force’s newly issued patent, “One major disadvantage to traditional high strength, high-performance steels is the relatively high cost of the steel, which arises from the alloy content, as well as the expensive manufacturing processes associated with such high-performance steels. To produce high strength steel, prior art compositions generally contain high levels of nickel, tungsten, and/or cobalt, which are relatively expensive elements and contribute to the high overall cost of the final steel product. “

To counter this, USAF-96 steel contains no tungsten or cobalt and is a low carbon, low nickel-alloy composition. In addition to its material cost advantage, USAF-96 Steel can be produced using standard air-melt production processes, at a substantially lower cost than prior methods.

The steel’s composition, along with specific thermal processing conditions, leads to the growth of beneficial nano-scaled carbides in a martensitic matrix, which allows it to possess high-performance characteristics even in heavier sections while using reduced the need for expensive components.

The new steel has also shown in testing to demonstrate through hardenability and toughness at -40°C, even with sections up to 4-inches in thickness, making it ideal for a range of applications from automotive components to structural bridge pieces to 3D printed parts for an M1 tank.

Source : Tech Link Center

Bijlage:

Vertraagd	9 mei 2024 17:38
Koers	23,680
Verschil	+0,070 (+0,30%)
Hoog	23,800
Laag	23,510
Volume	1.871.161
Volume gemiddeld	2.531.246
Volume gisteren	2.558.342

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