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voda 21 mei 2021 10:37

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Mechel Chelyabinsk Plant Completes Overhaul of BF, BOF & Caster

Mechel Group’s Chelyabinsk Metallurgical Plant has completed the repair of several large units at once: blast furnace No 1, converter No 3 and continuous casting machine No 5. More than 200 million rubles were invested in their repair. The renovation work affected, among other things, environmental equipment.

Converter No 3 is a steelmaking unit with a capacity of over 1.2 million tonnes of steel per year. During the repair, the specialists checked the gas duct sealing, covered the inner surface of the pipe with wear-resistant refractory bricks. This regular maintenance prevents iron oxide from entering the atmosphere.

Also, the mechanisms of the continuous casting machine No 5 in the oxygen-converter shop was updated, which annually produces more than 800 thousand tons of steel billets. We repaired the vacuum apparatus - a device that removes harmful impurities during metal melting and improves the quality of the finished steel. In the unit ladle-furnace No 4, filters were cleaned and replaced, preventing the emission of dust into the atmosphere.

Blast furnace No 1 was also repaired. Its capacity is more than 1.5 million tons of pig iron per year. At the blast furnace, the charging device was replaced, which is located at a height of 45 meters. With its help, ore is loaded for further smelting.

Source - Strategic Research Institute

voda 21 mei 2021 10:42

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Ford Awarded for Advanced High Strength Steel Innovation

The American Iron and Steel Institute has awarded the “Automotive Excellence Award” to Ford Motor Company for their advanced high-strength steel innovations in the 2020 Ford Escape and Kuga. The award was presented by AISI’s automotive program vice president Mr John Catterall at the 19th annual Great Designs in Steel virtual symposium in Southfield in Michigan. Mr Michael Kozak, global body structure manager at Ford, received the award for his GDIS 2019 presentation, titled, “The All New 2020 Ford Escape and Kuga.”

Ford leveraged an efficient, scalable platform to deliver a global nameplate optimized for each market’s needs. The application of High Strength and Ultra High Strength steels allowed for optimal strength-to-weight that delivers National Highway Traffic Safety Administration (NHTSA) 5-Star Safety Ratings with an exciting driving dynamic. Optimized engineering sections and joints maximized occupant space for improved accommodation and usage, ensuring people and their gear are comfortable. Regional tailoring of critical structural members avoided any scar mass or cost not necessary for unique market requirements. Overall, the 2020 Escape/Kuga is a lighter vehicle performing to a higher customer standard, while maintaining small SUV affordability.

The AISI Automotive Excellence Award is presented each year at GDIS. Individuals or teams from automakers, suppliers or the academic community who embrace innovation and make significant contributions to the advancement of steel in the automotive market are awarded for their innovation. Award winners are chosen from presenters at the previous year’s GDIS seminar. Candidates are rated in several categories, including: challenges and benefits associated with cost, mass reduction and performance; overall contribution to the advancement of steel; and implementation in production.

Source - Strategic Research Institute

voda 21 mei 2021 10:43

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HKM Selects Paul Wurth for Feasibility on Ecoloop Syngas Plant

With the aim to improve the CO2 balance of their steel plant operations located at Duisburg-Huckingen in the Ruhr region in Germany, Hüttenwerke Krupp Mannesmann GmbH has chosen Paul Wurth SA, a company of SMS group, for concept engineering and budget calculation services for a syngas generation and injection plant at their blast furnaces A and B. The utilisation of syngas, a mixture of carbon monoxide and hydrogen, in the blast furnace allows decreasing the portion of fossil reductants and thus reducing CO2 emissions in the hot metal production process.

HKM intends to generate 13.000 cubic meters per hour of syngas out of solid recovered fuels. For this purpose, around 45.000 tons per year of recycled high calorific plastic materials and waste wood chips have to be processed and delivered to HKM in Duisburg.

On site, the generation of syngas will rely on the Ecoloop technology, developed by the German company of the same name. Ecoloop BBV-reformers (biobasierte Vergasung / bio-based gasification) will be assembled in a battery arrangement. The reformers are gasifiers with wood and lime as reaction moving bed. Thanks to this technology and the use of recycled raw materials, the plant will be a global novelty for syngas generation.

The entire syngas generation plant, for which Paul Wurth provides engineering services, mainly consists of the receiving and storage station for the solid recovered raw material; the subsequent transport, mixing and dosing devices up to the syngas reformer battery; about 100 integrated syngas reformers; syngas cooling, compression and transport to the new coke oven gas compressor station; dust-free transport of ashes; related EIC system; and civil works.

In parallel to the ongoing feasibility studies, Ecoloop is running tests in their pilot plant in Lauingen/Germany, aimed at further optimising the syngas quality. HKM’s objective is to start operating the new syngas generation plant in 2023.

Source - Strategic Research Institute

voda 21 mei 2021 10:44

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MMK Strengthens Steel Supplies to Pipe Industry

The completion of the major reconstruction of hot rolling mill 2500 in 2020 opened up new opportunities for Magnitogorsk Iron and Steel Works to strengthen its position in the market of steel products for pipe production. In July 2020, a comprehensive reconstruction of the hot rolling mill 2500 was completed, which opens up new opportunities for the mill. In particular, the commissioning of a completely renewed mill allows

1. Improve the uniformity of mechanical properties along the entire length of the roll

2. To expand the range of grades (steel for the production of pipes of strength classes K34-K60 to X80 in accordance with the requirements of API 5L)

3. Ensure the release of rolled products with a thickness of 1.5 mm

4. To increase the weight of rolls up to 40 tonnes

5. Ensure high quality of winding of rolls

6. Shipment of hot-rolled coils on a horizontal generatrix to minimize the occurrence of logistic defects

The new capabilities of the mill are used to develop niche products and expand the product range. Over the past year, the production of a wide range of new products of various grades and sizes has been mastered at the 2500 mill, as well as at the 2000 hot rolling mill, which is also focused on the production of rolled metal for the pipe industry.

To achieve greater customer satisfaction, MMK has recently been actively developing the transportation of rolled metal products in specialized open and closed containers. This type of rolling stock provides additional protection of metal products from mechanical impact and damage during transportation and handling, and in the case of closed containers - from atmospheric precipitation.

MMK Group is the largest supplier of metal products for the production of welded pipes on the Russian market, with a market share of about 42%. The pipe industry accounts for 31% of the plant's supplies to the Russian market, which is traditionally a key one for MMK, regardless of the situation on world markets. About 70% of MMK's total pipe industry sales are accounted for by the "home regions" - the Urals, Siberia and the Volga region.

Source - Strategic Research Institute

voda 21 mei 2021 10:45

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Steel Scrap is Critical to ASEAN Steel Industry

The South East Asia Iron and Steel Institute in a latest report said that ASEAN-7 countries exported about 1.20 million tonnes of ferrous scrap, down by 46.8% YoY. The top 3 exporting countries were Singapore, Malaysia and Thailand. 31.4% of the export has gone to India and 20.3 % to Indonesia. Other smaller countries in the APAC and ASEAN too have sourced the material for its steelmaking facilities due to their limited domestic scrap availability. The declined in export was caused by a slower activity in the recycling of ferrous scrap as well as lower demand for the raw material from the smaller steelmaking mills during the pandemic lockdown.

Based on estimates, local generation of ferrous scrap in the ASEAN-7 region is enough only to feed about half to its local requirements. All of the countries do not have enough supply of local ferrous scrap to meet the demand and therefore need to source the critical materials from outside of the region. In January-November 2020, the ASEAN-7 steel industry imported 6.04 million tonne of ferrous steel, lower compare to the import in January-November 2019 which was about 8.65 million tonnes, mostly from Japan 40.1%, USA 18.1% and Australia 9.2%.

Vietnam has been the biggest consumer of Japanese scrap among the ASEAN-7 countries, importing 39.5% of the total scrap imports. Vietnam’s effective response to the pandemic and early easing of restriction in construction activities has driven the country’s demand for steel. Beside its current steelmaking capacities, new investments planned are starting to take place, and that demands for a steady supply of ferrous scrap. In addition, Vietnam production of steel picked up because it took the opportunities to sell more semifinished steel to China in the previous 2 years.

The quantity of ferrous scrap that moved into Malaysia is particularly noteworthy. Malaysia maintained the import volume at around 1.20-1.30 million MT for 2019 and 2020 for its ironmaking and steelmaking operations despite its economy being in the recovery stage. This represents a stable demand for ferrous scrap for these 2 years of production particularly in semifinished and long products to meet the drastic spike of export to China as a substitute to the lower local demand.

Source - Strategic Research Institute

voda 21 mei 2021 10:47

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Fitch Upgrades US Steel's IDR & Outlook

Fitch Ratings has upgraded United States Steel Corporation's Long-Term Issuer Default Rating to 'B' from 'B-'. The Rating Outlook has been revised to Positive from Stable. Fitch has also upgraded the ABL credit facility to 'BB'/'RR1' from 'BB-'/'RR1' and upgraded the senior unsecured notes and environmental revenue bonds to 'B'/'RR4' from 'CCC+'/'RR5'. Fitch Ratings said “The upgrade reflects the faster than anticipated economic recovery following the pandemic's impact on the economy in 2020, leading to significantly improved domestic steel market conditions and expected EBITDA generation. The ratings also reflect US Steel's acquisition of the remaining interest in Big River Steel Holdings LLC in 1Q21, which is expected to lower the company's overall cost position.”

Fitch Ratings said “The Positive Outlook reflects Fitch's expectation that total debt/EBITDA will be significantly lower in 2021 compared with 2020 and for the company to use excess cash to prioritize debt repayment in the near-term leading to total debt/EBITDA sustained below 4.0x. The Positive Outlook also reflects solid domestic steel market conditions, including historically high prices and solid demand, which should lead to the generation of significant cash resulting in meaningful deleveraging capacity.”

Fitch Ratings added “The two-notch upgrade of the unsecured notes reflects US Steel repaying USD 1.056 billion of secured notes in 1Q21 leading to a better recovery of the unsecured notes in the recovery waterfall.”

Source - Strategic Research Institute

voda 21 mei 2021 10:48

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Metalloinvest Introduces Machine Learning in Procurement Process

Russian mining and metallurgy company Metalloinvest has successfully implemented delivery disruption forecasting based on machine learning into supply chain workflows. The innovative solution has increased the efficiency of the work of specialists, while reducing the risk of additional costs associated with deviations in delivery times. The forecast accuracy is 84.7%. Due to the accumulation of data, the introduction of new parameters and the retraining of the system, it is planned to bring this figure to 87% by the end of the year. Procurement Director of Metalloinvest Maria Kovalenko said “Buyers have an average of 150,000 bids from four of Metalloinvest's plants in operation at a time. Of this number, all those related to the risk zone were selected and taken under special control. According to them, a point-by-point development of all identified issues is carried out. In the near future, it is planned to launch an automated distribution of notifications to suppliers that fall into the risk zone. This approach makes it possible to increase the provision of demand without increasing the burden on employees."

To train the system, we used the data of more than 200 thousand already executed orders stored in SAP. Based on this "digital footprint", a forecasting model has been built. To assess at different stages of its life cycle, up to 27 parameters are used, including the volatility of exchange rates, supplier country, mode of transport, seasonality, urgency, and so on. Over time, the list of parameters will expand.

OTIF (on time in full - fulfilment of obligations on time and in full) is one of the main indicators of the efficiency of the supply service. It can be maintained at a high level either through the control of all active applications, which requires significant human resources, or through selection from the total volume and elaboration of applications with high risks of failure. Working according to the second scenario saves resources, but requires a high quality forecast. The project was developed and implemented by the team of the Department of Methodological Support and Supply Development of Metalloinvest under the leadership of Roman Orlov with technical support from JSA Group (part of the ICS Holding diversified IT group) and Metallo-Tech. This allows developing and accumulating competencies within the Company and transferring successful experience to related areas.

Source - Strategic Research Institute

voda 21 mei 2021 14:47

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Dow Jones Nieuws real time
21-mei-2021 14:42
Wereldwijd veel meer staal geproduceerd
Dankzij groei in China.

(ABM FN-Dow Jones) De mondiale staalproductie is ook in april met dubbele cijfers gestegen. Dit bleek vrijdag uit cijfers van brancheorganisatie World Steel Association.

In totaal maakten de 64 staalproducerende landen in april 169,5 miljoen ton staal, een stijging van 23,3 procent op jaarbasis.

In China, wereldwijd met afstand de grootste fabrikant van staal, steeg de productie met 13,4 procent tot 97,9 miljoen ton. In maart zat de productie nog steviger in de lift met een plus van 19,1 procent.

De Japanse productie steeg afgelopen maand met 18,9 procent.

De Verenigde Staten produceerden zelfs 43,0 procent meer staal dan een jaar eerder. In maart ging het nog slechts om een stijging 1 procent op jaarbasis.

Duitsland zag de productie met 31,5 procent stijgen, flink meer dan de plus van 10,4 procent in maart.

Door: ABM Financial News.

info@abmfn.nl

Redactie: +31(0)20 26 28 999

voda 21 mei 2021 14:49

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Het originele bericht met veel meer informatie:

www.worldsteel.org/media-centre/press...

voda 24 mei 2021 08:02

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Global Crude Steel Production in April 2021 up 23% YoY

World Steel Association announced that world crude steel production for the 64 countries was 169.5 million tonnes in April 2021, a 23.3% YoY increase compared to April 2020 due to low base in 2020. Africa produced 1.3 million tonnes in April 2021 up 93.9% YoY on April 2020. Asia and Oceania produced 125.0 million tonnes up 19.2% YoY. The CIS produced 9.0 million tonnes up 20.7% YoY. The EU (27) produced 12.9 million tonnes up 42.8% YoY. Europe Other produced 4.2 million tonnes up 33.9% YoY. The Middle East produced 3.5 million tonnes up 15.3% YoY. North America produced 9.7 million tonnes up 38.2% YoY. South America produced 3.8 million tonnes up 70.9% YoY.

January-April 2021 Region wise Crude Steel Production

Africa - 5.2 million tonne, up 17 % YoY

Asia and Oceania - 487.8 million tonne, up 15.3% YoY

CIS - 35.3 million tonne, up 7.4% YoY

EU (27) – 51.0 million tonne, up 11.6% YoY

Europe Other - 16.7 million tonne, up 13.1% YoY

Middle East - 14.1 million tonne, up 6% YoY

North America – 38.0 million tonne, up 3.8% YoY

South America - 14.7 million tonne, up 18.2% YoY

Total 64 countries - 662.8 million tonne, up 13.7% YoY

Top 10 Crude Steel Producing Countries - China produced 97.9 million tonnes in April 2021 up 13.4% YoY on April 2020. India produced 8.3 million tonnes up 152.1% YoY. Japan produced 7.8 million tonnes up 18.9% YoY. The United States produced 6.9 million tonnes up 43.0% YoY. Russia is estimated to have produced 6.5 million tonnes up 15.1% YoY. South Korea is estimated to have produced 5.9 million tonnes up 15.4% YoY. Germany produced 3.4 million tonnes up 31.5% YoY. Turkey produced 3.3 million tonnes up 46.6% YoY. Brazil produced 3.1 million tonnes up 59.3% YoY. Iran is estimated to have produced 2.5 million tonnes up 6.4% YoY.

January-April 2021 Top 10 Nation’s Crude Steel Production

China - 374.6 million tonne, up 15.8% YoY

India - 38.2 million tonne, up 26.9% YoY

Japan - 31.5 million tonne, up 2.7% YoY

United States - 27.3 million tonne, up 2.8% YoY

Russia - 25.5 million tonne, up 7.1% YoY

South Korea - 23.4 million tonne, up 6.5% YoY

Germany - 13.5 million tonne, up 9.0% YoY

Turkey - 13.1 million tonne, up 16.9% YoY

Brazil - 11.8 million tonne, up 15.9% YoY

Iran – 10.0 million tonne, up 9.6% YoY

The 64 countries included in this table accounted for approximately 98% of total world crude steel production in 2020.

Africa: Egypt, Libya, South Africa

Asia and Oceania: Australia, China, India, Japan, New Zealand, Pakistan, South Korea, Taiwan (China), Vietnam

CIS: Belarus, Kazakhstan, Moldova, Russia, Ukraine, Uzbekistan

European Union (27)

Europe Other: Bosnia-Herzegovina, Macedonia, Norway, Serbia, Turkey, United Kingdom

Middle East: Iran, Qatar, Saudi Arabia, United Arab Emirates

North America: Canada, Cuba, El Salvador, Guatemala, Mexico, United States

South America: Argentina, Brazil, Chile, Colombia, Ecuador, Paraguay, Peru, Uruguay, Venezuela

Source - Strategic Research Institute

voda 24 mei 2021 08:04

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JSW Steel to Add 5 Million Tonnes Capacity at Vijaynagar

After a glorifying journey of almost 40 years, JSW Steel plans to expand capacities further at its existing plants over the next 3 three years as the company's board approved the expansion programme. New investments include

1. 5mtpa brown field expansion at Vijayanagar – INR 15,000 crore

2. 120ktpa Colour Coated Line in J&K – INR 100 crore

3. Odisha Mining – INR 3,450 crore

4. Sustenance Capex – INR 6,565 crore

5. Total – INR 25,115 crore

5MPTA brownfield project at Vijayanagar

Increase steel-making capacity by 5 million tonnes at Vijayanagar from the existing 12 million tonnes

Total estimated capex – INR 15,000 crore

1, Expansion is expected to be completed by FY 2024

2, Surplus pellets, sinter, coke making facilities at existing operations will be utilised to meet the key raw material requirements of the project

3. Value-accretive project at low capex of c. USD 400 per tonne

4. Iron Ore Mining - Odisha

5. Enhance mining capabilities and efficiencies

Estimated capex of INR 3,450 crore; expected completion over two years

Enhance own mining infrastructure to reduce reliance on outsourced mining

Grinding and washing facilities to improve the quality of the ore, aiding higher productivity at the steel-making operations

Implement digitalization across the mining operations

In addition, doubling of capacity at Dolvi in Maharashtra to 10 million tonne per annum will require INR 22,342 crore. Dolvi expansion will be completed by July and the plant will be fully integrated by September. The coke oven plant commenced production in February, while pellet plant was commissioned in March. The hot strip mill also started rolling from March. The completion of blast furnace and steel melting shop has been delayed because of COVID-19 disruptions.

JSW's history can be traced back to 1982, when the Jindal Group acquired Piramal Steel Limited, which operated a mini steel mill at Tarapur in Maharashtra and renamed it as Jindal Iron and Steel Company. Soon after the acquisition the group set up its first steel plant in 1982 at Vasind near Mumbai. Jindal Vijayanagar Steel Ltd was set up in 1994, with its plant located at Toranagallu in the Ballari-Hospet area of Karnataka In 2005, JISCO and JVSL merged to form JSW Steel Ltd. JSW Steel targets to expand its capacity to 38 million tonne by 2024 from the present 23 million tonne including Monnet Ispat and Bhushan Power and Steel.

Source - Strategic Research Institute

voda 24 mei 2021 08:05

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Liberty Steel Denies Loan Breach with Metro Bank

BBC News reported that Metro Bank, which had asked for early repayment of GBP 18 million loans from Liberty Steel more than two years ago, is still waiting for its money. An analysis of Land Registry documents and filings for companies linked to GFG has shown that problems had arisen with a loan secured on the Newport steelworks as early as 2018. Valued at GBP 21 million, the steelworks is owned by a UK company Liberty Steel Property Newport Ltd, controlled by Mr Sanjeev Gupta. Filings at the Isle of Man Companies Registry show that it's one of a portfolio of industrial properties, including another factory in South Wales and locations in Manchester and the West Midlands, which were pledged as security for GBP 18 million loans from Metro Bank.

Liberty Steel Property Newport Ltd's accounts for 2018-19 say that due to breaches of covenants and restrictions, Metro bank have called in the loan facility and have stipulated that full repayment must be made" by 31 March 2020. The accounts for the following year confirm that, although that deadline has passed, there are on going discussions to renegotiate the financing arrangement, and Metro Bank has agreed to defer any action for now. Isle of Man filings list a number of covenants for the loan, including one stipulating that the borrower shall not discount or factor its book debts.

A GFG Alliance spokesman declined to say what had caused the loan terms to be breached. He said no loan terms have been breached due to non-payment and discussions are on going and are being resolved.

Metro Bank said that for confidentiality reasons it is unable to disclose details of customers or transactions with them.

Source - Strategic Research Institute

voda 24 mei 2021 08:06

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JSW Steel Denies Interest in Liberty Steel Assets

JSW Steel informed BSE "It is hereby clarified that such reports stating about the Company’s interest in bidding/buying Liberty Steel’s assets are not only speculative but also misleading and mischievous."

Reuters, citing people familiar with the matter, had reported that JSW Steel is considering a bid to buy Liberty Steel in Britain as well as mills elsewhere, as would-be buyers circle Sanjeev Gupta’s global commodities empire. Sources told Reuters “Although JSW Steel is interested in bidding there are obstacles to any deal, including navigating the fallout from Brexit as well as India’s coronavirus crisis. And no final decision had been taken on whether to bid. The due diligence has not yet started. After Brexit, it will not be easy to operate these assets.”

Private equity investor Endless and China’s Jingye Group, which owns British Steel, are also interested in Gupta’s business in Britain. Separately, commodity trader Trafigura has expressed an interest in investing in GFG’s aluminium smelter at Dunkirk in France

Any change of ownership of Liberty Steel, which employs around 3,000 people in Britain, will be politically sensitive. The UK government has said that it is closely monitoring developments around Liberty Steel and continues to engage closely with the company, the broader UK steel industry and trade unions.

Source - Strategic Research Institute

voda 24 mei 2021 08:07

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Latin America Returns to Pre Pandemic Steel Production Levels

Latin American steel association Alacero announced –that the Latin American steel market continues its normalization process where, on the one hand, the production of rolled steel evolves favorably in the face of the recovery in demand; and on the other hand, imports continue to pose a risk to the production and performance of steel companies. Alacero said “The momentum in demand for steel in the region continues to favor the normalization of steel production, where the accumulated figure of rolled steel up to March was 13.46 million tonnes, 6% higher than that registered in the same period 2020, and 4.1% higher than the level of the same period in 2019.”

Alacero said “In the monthly comparison, an increase of 11.5% is observed compared to March 2020 and 13.1% compared to February 2021, led by Mexico + 33.1%. The results had their best record since April 2018, when there was no pandemic. Seamless tubes stood out for the 24.2% increase in production to 96.7 thousand tonnes, followed by longs, with an increase of 16.7% 2.45 million tonnes and flats, whose production grew by 8.9% to 2.16 million tonnes. The consumption of rolled products, especially in the construction and manufacturing sectors of the three main Latin American economies (Mexico, Brazil and Argentina), was reflected in increases of 2.7% and 13.2% in relation to the 2019 figures and 2020, respectively, totaling 5.58 million tonnes.”

Alacero added “In February, imports registered an increase of 13.3% compared to the same month of 2020, but had a decrease of 7.4% in relation to the last month of January; even so, they continued to represent 35% of regional consumption. The current month of May could be a possible point of resumption of imports, pointing to the levels of previous years. Situation that must be closely monitored and followed by governments to prevent sudden growth from affecting regional production. Regarding exports, the region experienced a decrease due to the recovery of local demand; the February figure was similar to that of January (-0.5%) and 22.9% lower than February 2020. The trade balance had a reduction of 9.7% compared to the previous month with a negative balance of 1,435, 6 thousand tonnes.”

Alacero also said “Finally, there are great challenges for the sustained economic reactivation in Latin America. Among the main ones are the start-up of plants and suspended projects, economic and financial support to mitigate the effects of Covid-19, the reduction of high unemployment rates, the strengthening of public health systems, the stimulus to national and foreign investment, political stability and respect for the rule of law. It is important that the countries concentrate their efforts on overcoming these problems in order to consolidate the ongoing recovery.”

Source - Strategic Research Institute

voda 24 mei 2021 08:10

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JSW Steel Performance Update for 2020-21

Indian steel giant JSW Steel in an Investor/Analyst Presentation on 21 May 2021 has highlighted performance indicators for FY 2020-21 ended on 31.03.2021.

Steel Consolidated Performance HY 2020-21

1. Revenue from operations: INR 79,839 crore

2. Operating EBITDA: INR 20,141 crore

3. Net Profit: INR 7,873 crore

4. Average utilization of 84% in FY21, 93% in Q4

5. All 13 iron ore mines are operational (9 in Karnataka and 4 in Odisha)

6. Significant progress on the organic growth projects

7. Enhanced downstream production through organic expansions and bolt-on acquisitions

8. 5 million tonne steel-making capacity brownfield expansion at Vijayanagar approved by the Board

Acquisitions

1. BPSL: 49% stake in March 2021

2. Asian Colour Coated Ispat in end October 2021

3. Plate and Coil business of Welspun Corp in end March 2022

JSW Steel Standalone

Crude steel production was 15.08 million tonnes, down 6% YoY

Total FY21 sales volume was up marginally at 14.88 million tonnes, down 1% YoY

Domestic sales of 10.72 million tonnes was down 9% YoY

Automotive sales up 7%, while domestic automotive production contracted by 14%.

Overall value added & special products sales up 9% (52% of overall sales vs. 48% last year), mainly driven by robust sales to automotive and increased off take from Industrial and Engineering, Solar and Appliances segments in H2 FY21

Retail volume of 3.3 million tonne, 8% lower YoY

JSW Steel Coated Products

Production (GI/GL + Tin) - 1.79 million tonnes, up 1% YoY

Sales - 2.18 million tonnes, up 17% YoY

ACCIL Production (GI/GL) 0.26 million tonnes & Sales 0.29 million tonnes

Ohio, USA

Slab Production - 83,043 tonnes, down 77% YoY

Slab Sales - 52,594 tonnes, down 19% YoY

HRC Production - 33,283 tonnes, down 89% YoY

HRC Sales - 90,474 tonnes, down 70% YoY

US Plate & Pipe Mill

Plate Mill Sales - 139,596 tonnes, down 36% YoY

Pipe Mill Sales - 5,411 tonnes, down 92% YoY

Piombino, Italy

Rolled Products (Bars, Wire Rod & Rails) - 301,686 tonnes, down 42% YoY

Grinding Balls - 49,144 tonnes, down 10% YoY

JSW Ispat Special Products Ltd (JV of AION Capital & JSW Steel)

Revenue from Operations – INR 4,188 crores, up 59% YoY

Net Profit After Tax- INR 210 crores as compared to loss of INR 492 crore in FY20

Source - Strategic Research Institute

voda 24 mei 2021 08:10

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Algoma Steel in Talks to go Public

Bloomberg, citing to people with knowledge of the matter, reported that Canada’s Algoma Steel Inc is in talks to go public through a merger with Legato Merger Corp, a blank check-firm. Sources said “A deal is set to value the combined entity at more than USD 1 billion. Terms could change and, as with all transactions that aren’t yet finalized, its possible talks could collapse.”

Legato, led by a management team including Mr David Sgro, Mr Eric Rosenfeld and Mr Brian Pratt, raised about USD 236 million in a January initial public offering. The special purpose acquisition company has said it will focus on finding a target business in the industrial, renewables, infrastructure, engineering or construction industries.

Algoma, based in Sault Ste Marie, Ontario and led by Chief Executive Officer Mr Michael McQuade, is a producer of hot and cold-rolled steel products. The company has said its estimated production capacity is about 2.8 million tons per year.

Source - Strategic Research Institute

voda 24 mei 2021 08:11

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Hunger Strike against RINL VSP Privatization Completes 100 Days

Hans News Service reported that Ukku relay hunger strike initiated to exert pressure on the Union government to withdraw its decision on strategic disinvestment of Visakhapatnam Steel Plant reached the 100th day on May 22. Launched by the trade unions at Kurmannapalem junction, the relay hunger strike that commenced on February 12 drew a number of celebrities across the country. Several leaders expressed solidarity with the protesters and extended support to their 100 day long stir. Marking the day, an hour-long protest was taken out by the union leaders carrying a 100 feet long banner on Saturday at Kurmannapalem.

The committee members said "The protest against the Central government's decision on 100 per cent disinvestment of VSP will be carried out across the State. Once the pandemic recedes, a decision towards our next course of action will be taken.”

Extending support to the movement, the ruling YSRCP organised a 25 kilometer 'padayatra' led by Rajya Sabha MP V Vijayasai Reddy from GVMC Gandhi Statue to Kurmannapalem junction. Roadblocks were held across the state. A huge public meeting with national-level leaders was held at Kurmannapalem, Andhra University grounds and beach road.

Despite the concerns raised by the committee members for the past 100 days, the Central government remained a mute spectator on the Ukku stir.

In a separate incident, fire destroyed the relay fast camp which was going on for the past 52 days to oppose the privatisation of Visakhapatnam steel plant, in front of the Gandhi statue opposite the GVMC main office here on Sunday morning. However, there were no casualties though the tent and furniture was burnt. The cause for the fire was not established yet. Some locals noticed the blaze and informed the firefighters. Firefighter crews arrived at the spot to control the blaze. Leaders of the Steel Conservation Fighting Group expressed suspicion over the fire. It is alleged that there was no possibility of a short circuit at the camp and that someone has done this intentionally. Initiation at GVMC has been going on for 52 days under the Steel plant conservation fighting group against the Union government’s privatization decision.

Source - Strategic Research Institute

voda 24 mei 2021 08:12

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BMZ Steel Exports in January to April up by 23% YoY

Byelorussian Steel Works exported products worth more than USD 430 million to 44 countries of the world in January-April 2021 which is 23% compared to the same period of the previous year. An increase of exports by 20% or more based on the results of work for 4 months was obtained for such types of products as rebar, structural rolled products with diameters of 20-80 mm, seamless pipes and bronze-plated wire. The leader is steel wire whose sales revenue growth is almost 170% compared to the same period of the previous year.

The growth of BMZ sales both in physical and monetary terms for January-April is observed in the markets of the EU, the Middle East and America. The list of countries included in the top 5 importers of BMZ products has not changed this year. There was only a redistribution of their positions: Russian Federation still holds the lead, followed by Lithuania, Israel, Germany and Poland.

Source - Strategic Research Institute

voda 24 mei 2021 08:15

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Scottish Liberal Democrats Ask GFG Questions to Parliament

The Insider reported that Scottish Liberal Democrat leader Mr Willie Rennie has submitted a series of parliamentary questions over the Scottish Government’s agreements with the GFG Alliance, the parent company responsible for several steel plants across Scotland. Mr Rennie has asked the Scottish Government to immediately launch a review of its agreement, documents and contacts with the GFG Alliance, to provide reassurance or establish whether there are any grounds for concern.

Mr Rennie said “The guarantees provided to GFG Alliance represent one of the biggest deals ever signed off by the Scottish Government. Ministers should immediately launch a review of its own agreements, documentation and contacts with the firm, this could provide the reassurance that is necessary or identify whether there is any cause for concern. What’s more, the government must immediately tell Parliament whether scheduled payments from the GFG Alliance, due in March, were made."

In April, Labour peer and former MSP Lord Foulkes had urged the UK Government to investigate Greensill Capital's links with the Scottish Parliament. He asked for an assurance that the recently-announced Westminster inquiry into the collapse of Greensill and former Prime Minister David Cameron 's lobbying on its behalf, would include investigation into how Scottish ministers were involved. This followed reports that Rural Economy Secretary Fergus Ewing dined with Lex Greensill and Liberty Steel boss Sanjeev Gupta at a Glasgow restaurant in 2017.

The Scottish Government has provided guarantees worth up to GBP 575 million to the firm.

GFG Alliance plunged into uncertainty when its financial backer Greensill Capital filed for administration in March. Earlier this month, the Serious Fraud Office announced it is investigating GFG for suspected fraud, fraudulent trading and money laundering within the group.

Source - Strategic Research Institute

voda 24 mei 2021 08:15

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GMS Market Commentary on Ship Breaking in Week 20

World's leading cash buyer of ships for recycling GMS said that “Despite the prices on offer being above USD 500 per LDT, owners are not rushing to beach their ships just yet, amid hot freight rate conditions for many sectors. With the conclusion of Eid holidays, SNP activity resumed in the sub-continent markets once again, with some continually strong numbers on show, despite declining of steel plate prices by about USD 9 per LDT in India last week. Some of the momentum leading up to Eid holidays has unsurprisingly stalled a little, and there is a lingering suspicion that the markets have perhaps peaked and a slight correction in levels could be anticipated in the near future. COVID19 continues to wreak havoc across the sub-continent markets, particularly in India, where ICU units are continually over-filled, with over 400,000 daily cases and over 4,000 daily deaths that have shocked the rest of the world.”

GMS said “Meanwhile, given the recent spike in cases in Pakistan and pursuant to the recent lockdown, ship recycling yards in Gadani are due to resume activity from next week, whilst the lockdown in Bangladesh has been extended for yet another week. Turkey too has resumed activity this week Post Ramadan as steel fundamentals continue to firm, helping sustain the stronger levels currently on show.”

GMS added that “Overall, amidst a flying dry bulk and container chartering market / second hand sector, tanker and offshore units remain the overwhelming supply for the most part. As the summer / monsoon months approach, it will be interesting to see if the present momentum can be sustained or if levels will start to cool off, as the traditionally slow Monsoon period around this time of year, gradually comes into view.”

India/Bangladesh/Pakistan – Week 20, up USD 10-30 WoW

Dry Bulk – USD 500-540 per LDT

Tankers - USD 510-550 per LDT

Containers - USD 520-560 per LDT

Source - Strategic Research Institute

Vertraagd	26 apr 2024 17:37
Koers	23,750
Verschil	+0,210 (+0,89%)
Hoog	24,080
Laag	23,700
Volume	2.295.626
Volume gemiddeld	2.493.843
Volume gisteren	2.802.569

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