Beursonline.nl

voda 26 mei 2021 08:23

0

Liberty Steel Plans to Keep Indian Assets

Mint reported that Liberty Steel Group has no immediate plan to sell its Indian steel plants and has declined several offers from potential buyers for Adhunik Metaliks and SBQ Steels Ltd. The report quoted a source as saying that “As things stand, Liberty is holding on to the Indian steel assets possibly because of India’s growing steel demand, but that may change if things get tough and a lot depends on what kind of offers the group gets for its UK asset, which has been put on the block."

Another source added “Since no Indian lender has any exposure to any Liberty Steel companies, the fate of the two Indian units will finally depend on how the overall restructuring process of Liberty Steel goes.”

In February last year, Liberty Steel acquired Odisha-based Adhunik Metaliks and its subsidiary, Zion Steel, in an all-cash deal and followed up with the acquisition of Andhra Pradesh-based SBQ Steels in a similar transaction. Following the acquisition, the group started partial operations in Adhunik and employed around 1,500 people.

Source - Strategic Research Institute

voda 26 mei 2021 08:23

0

AISI Elects Nucor CEO Mr Topalian as New Chairman

The American Iron and Steel Institute’s Board of Directors has elected Mr Leon Topalian, president and CEO of Nucor Corporation, to serve as chairman of the Institute for a two-year term. Mr Topalian takes over the role from Mr John Brett, CEO of ArcelorMittal North America, who has chaired AISI since March of 2020. The election and announcement took place at AISI’s Board of Directors meeting held at AISI headquarters virtually.

AISI also announced that Mr Brett was elected vice-chairman of AISI and Mr Chuck Schmitt, president of SSAB Americas, was re-elected as vice-chairman.

Source - Strategic Research Institute

voda 26 mei 2021 08:24

0

Primetals to Revamp Cycloconverter Drive of Plate Mill Sij Acroni

SIJ Acroni d.o.o. has engaged Primetals Technologies to replace the existing cycloconverter drive control for the upper and lower motors on the plate mill's roughing stand at the Jesenice production site in Slovenia. The goal of the project is to maintain availability and secure the supply of spare parts. This will be done by replacing the obsolete drive and field control systems with the VarioVerter cycloconverter developed by Primetals Technologies and new field control systems. Installation work will not add any extra days to the annual winter shutdown and is due for completion in January 2022. Installing the new VarioVerter also takes account of a request from the customer: should a synchronous motor be damaged, the customer would later like to have the opportunity of temporarily running the plate mill with a DC motor using the supplied drive control components.

Primetals Technologies' scope of performance includes supplying two VarioVerter cycloconverter controllers, replacing the field control units, electrical assembly, and integration into the plate mill's existing basic automation control system, thereby largely leaving the interface situation unchanged.

SIJ Acroni is Europe's leading producer of stainless quarto plates. The company also specializes in electric and custom steels, which are sold as hot and cold-rolled coils, heavy plates and cold-formed sections, mainly for use in special niche products. The SIJ Acroni plant is located in Jesenice, about 60 kilometers northwest of Ljubljana, the capital city.

Source - Strategic Research Institute

voda 26 mei 2021 08:25

0

OMK Supplies Large Diameter Pipes for West Qurna-2 Project in Iraq

Russia’s leading pipe maker United Metallurgical Company has shipped over 3 thousand tonnes of pipes with a three-layer anti-corrosion coating for the construction of a pipeline under the West Qurna-2 project in Iraq. The pipes were manufactured at the Vyksa plant of OMK in Nizhny Novgorod Region from flat rolled products of its own production in a short time and in compliance with strict quality criteria.

Specialists of the engineering and technological center of the enterprise have developed a special chemical composition of steel and a technology for thermomechanical rolling of sheets of strength group X60MS (operation in acidic environments) according to API Spec 5L. As a result, rolled products of a homogeneous structure with a high level of toughness, cold resistance and strength characteristics in combination with resistance to hydrogen and sulfide stress corrosion cracking were obtained. To fulfill the requirements of the order for corrosion resistance in the welded joint, the modes of submerged arc welding were developed and mastered. These measures are of particular importance since the West Qurna-2 field is located in a swampy area and the oil has high hydrogen sulfide content.

In addition, for this order, specialists from the Vyksa plant of OMK in a short time developed and mastered a new technology for the production of polypropylene coating for pipes according to the requirements of the project. All manufactured pipes have an increased service life and are designed for use in hot climates and acidic environments. Additionally, to protect against atmospheric corrosion, all pipe ends were coated with an environmentally friendly preservative.

The West Qurna-2 field, located in southern Iraq, is one of the largest in the world. Initial recoverable oil reserves are about 14 billion barrels. In 2009, a consortium of PJSC LUKOIL and the Norwegian company Statoil won the tender for the right to develop the West Qurna-2 field. In 2014, commercial oil production began at the field. In 2019, PJSC LUKOIL started drilling new production wells at the West Qurna-2 field as part of the second stage of development.

Source - Strategic Research Institute

voda 26 mei 2021 08:25

0

H2 Green Steel Completes Series A Equity Funding

The Swedish green impact company H2 Green Steel has raised USD 105 million in Series A equity. H2GS will accelerate the transition into a more sustainable steel production to meet the rapidly growing demand for fossil-free steel. The Series A round underscores a strong interest among a broad range of strategic partners, customers and financial investors. H2GS aims to accelerate the transformation of the European steel industry. The company will be a large-scale steel producer based on a fossil-free manufacturing process primarily targeting large European OEMs. H2GS has been developed in close collaboration between the founding investor Vargas and several strategic and long-term investors that are global leaders in sustainability and digitalisation.

H2GS has now successfully closed its Series A equity financing of USD 105 million from a select group of investors. The strong investor interest and high-quality investor base demonstrate a firm belief in H2GS and the market potential for green steel. New investors include a broad spectrum of companies and individuals ranging from strategic off-takers, technical partners and long-term investors focusing on green impact, sustainability and industry 4.0.

The Series A round investors include Altor Fund V, Ane & Robert Maersk Uggla, BILSTEIN GROUP, EIT InnoEnergy, Exor, FAM, IMAS Foundation, Kingspan, Marcegaglia, Mercedes-Benz AG, Scania, SMS Group, Stena Metall Finans, Cristina Stenbeck, Daniel Ek, and Vargas.

On February 23, 2021, the Swedish venture H2GS announced its plan to become a large-scale steel producer and build a greenfield steel plant in northern Sweden. The plant will be located in Boden, offering unique conditions for cost competitive fossil-free steel production. The project includes a giga-scale green hydrogen plant as an integrated part of the steel production facility. Production will begin in 2024 and by 2030, H2GS will have annual production capacity of five million tons of high-quality steel.

Source - Strategic Research Institute

voda 26 mei 2021 08:27

0

ADNOC Inks Natural Gas Supply Agreement with Emirates Steel

Abu Dhabi National Oil Company signed 10 year natural gas sales agreements with the UAE's largest steel producer Emirates Steel. Emirates Steel’s Chief Executive Mr Saeed Al Remeithi said “This agreement will ensure the security of supply and cost of natural gas to our plants, and demonstrates Adnoc's continued support of the UAE’s industrial sector.”

Adnoc has the potential to produce 11 billion cubic feet per day of natural gas and over 1 billion cubic feet per day of sour gas and accounts for more than two-thirds of supply of natural gas in UAE.

ADNOC also announced that it will advance a world-scale blue ammonia production facility in Ruwais in Abu Dhabi in the United Arab Emirates. The facility, which has moved to the design phase, will be developed at the new TA’ZIZ industrial ecosystem and chemicals hub in Ruwais. Blue ammonia is made from nitrogen and blue hydrogen derived from natural gas feedstocks, with the carbon dioxide by-product from hydrogen production captured and stored. Ammonia can be used as a low-carbon fuel across a wide range of industrial applications, including transportation, power generation and industries including steel, cement and fertilizer production. The facility’s capacity will be 1,000 kilotons per annum.

ADNOC is already a major producer of hydrogen and ammonia, with over 300,000 tons of hydrogen produced per annum at the Ruwais Industrial Complex.

Source - Strategic Research Institute

Bijlage:

voda 27 mei 2021 08:17

0

ArcelorMittal to Restart Meltshop at Barra Mansa in Brazil

ArcelorMittal Brasil announced that it will resume operations at the melt shop at the Barra Mansa unit in the second half of 2021, which will require investments in the order of BRL 19 million for the maintenance and renovation of equipment needed to start production. The process of resuming production will take place gradually. Initially, one of the two furnaces that make up the melt shop will be rewired. The equipment will undergo maintenance and renovation before the start of operations. The return to steelmaking activities, paralyzed since 2019, is driven by the increase in market demand for steel and the prospects for economic growth in the country.

The focus of investments in Barra Mansa is mainly to meet the growing demand from the domestic market. The contributions will be destined to projects of operational and technological security of the equipment. Resources will also be allocated to re-establish the entire capture and filtering system of the melt shop and ensure better environmental adequacy.

ArcelorMittal has industrial units in six states (ES, MG, MS, RJ, SC and SP), in addition to representation and sales offices distributed throughout Brasil, comprising a workforce of around 17 thousand employees. The plants have an annual production capacity of 12.5 million tonnes of crude steel and 7.1 million tonnes of iron ore.

Source - Strategic Research Institute

voda 27 mei 2021 08:18

0

Container Makers in Gujarat Facing Shortage of Tin Plate

Tin container manufacturers in Gujarat have come forward to express their distress on the non-availability of raw material to manufacture 15 litters tin containers, which are being largely used in edible oil packaging and have raised a red flag on the untimely imposition of BIS standards to the import of raw material. India’s Metal Containers Manufacturers Association said “Now owing to non-availability of raw material the overall industry, including these SME players based in Gujarat would be badly hit and it would result in heavy job losses. These Tin container manufacturers who are currently the part of the high growth packaging industry may become a history and jobs of 1 lakh people are at stake. Also, the cases of Covid 19 have surged and possibilities of lockdown and short working hours due to curfew have pushed the industry further in the dark, adding to the already acute shortage of raw material.”

Metal Containers Manufacturers Association has forth a set of recommendations to the ministry over the concern of BIS certifications and hoping for a positive response from the policy makers, since the industry has immense growth potential. MCMA has urged the government to put on hold the implementation of Steel and steel products Quality Control Order dated 17th July, 2020. This order mandates BIS Certification on the major input required by the industry like tinplate and tin-free steel. It imposes restrictions on steel products like easy-open ends, peel off ends, which the industry imports from several foreign countries. The Association has requested the Ministry of Steel to postpone the implementation of the QCO till sufficient quantity of tinplate & tin free steel is produced locally to meet the industries demand of 700,000 tonnes per annum; as the industry is already under pressure due to the pandemic.

However so far there is no respite than just a 3 months extension. The Metal Container Manufacturers Association has received a three-month extension on 17th April from the government for the implementation of BIS notification.

The Association has also requested the ministry of steel to allow use of ISO certified materials, in addition to BIS certified material. MCMA requested the Ministry to allow the use of materials which are aligned to ISO. The same has been included in FSSAI order and also recommended by the Ministry of Micro Small & Medium Enterprises. The industry feels that it is difficult to force the international suppliers to go for BIS certification as the procedure of BIS registration is unmanageable during these times. So, these suppliers have already stopped shipping tin plates to India. There is a huge shortage of the products in the market. There is still a demand supply gap of 250,000 tonnes per annum.

Source - Strategic Research Institute

voda 27 mei 2021 08:19

0

Metalloinvest to Achieve Carbon Neutrality by 2050

Russian mining and metallurgy company Metalloinvest has adopted Climate Strategy to achieve carbon neutrality in its territory and maximize the reduction of greenhouse gas emissions from its consumers by 2050. A key aspect of achieving these indicators is the transition from blast-furnace production to metallization processes and the subsequent use of pure carbon-neutral hydrogen in these processes. Significant contributions will be made through improved energy efficiency and the use of renewable and low-carbon energy. The implementation of the Climate Strategy is planned in three stages

2019-2025 - Completion of planned modernization - The quality of manufactured iron ore products will be improved with the creation of a base for reducing emissions in the metallurgical processing. Reduction of direct and indirect energy emissions of greenhouse gases by 1.8%, indirect non-energy emissions by 25% in relation to the level of total emissions in 2019

2026–2036 - The transition to low-carbon production of direct reduced iron will be carried out, the processes of production of coke, sinter and pig iron will be optimized. The introduction of pure blue, yellow and green hydrogen. Reduction of direct greenhouse gas emissions by 15% in relation to the level of total emissions in 2019

2037-2050 - Achieving carbon neutrality by completing the transition to pure hydrogen in the technological process, increasing the energy efficiency of other processes, including using hydrogen in stationary and mobile combustion, as well as acquiring carbon offsets for emissions that cannot be reduced in the main mining and metallurgical production

In 2020, a complete inventory of greenhouse gases was made, including direct emissions from the Company's sources (Scope 1), indirect emissions from the production of energy purchased from third-party organizations (Scope 2), indirect non-energy emissions obtained from the purchase of raw materials and materials, and the sale of products. (Scope 3) as well as the carbon footprint of products. The total volume of greenhouse gas emissions (Scope 1, 2, 3) in 2020 decreased by 2.5 million tons compared to the same data a year earlier and amounted to 69.3 million tons of CO2-equivalent.

The main processes leading to the formation of greenhouse gas emissions in the Company's activities are the production of pig iron, DRI & HBI and steel products. Thus, the main source of greenhouse gas emissions for Metalloinvest is its metallurgical enterprises - OEMK, Ural Steel and LGOK.

Source - Strategic Research Institute

voda 27 mei 2021 08:19

0

Liberty Steel Seperating Flemalle & Tilleur Plants in Belgium

Argus reported that Liberty Steel is splitting the assets of its Liege facilities in Belgium into two different corporate entities and has requested a judicial reorganisation procedure for the Belgian plants. The two hot-dip galvanising lines at Flemalle with a capacity of 950,000 tonnes per year will become one entity, while the Tilleur packaging, pickling and cold-rolled lines will be put into another.

The Liege facility is currently under creditor protection and not supplying many customers. The existing entity structure has an all-assets pledge to Greensill Capital under its financing facility, so the changes could require permission from Greensill's administrators.

According to Argus report, ArcelorMittal is the biggest creditor of Liberty Steel's Liege business in Belgium. According to internal documentation obtained by Argus, ArcelorMittal Flat Carbon Europe is owed EUR 43.77 million by the business.

Liberty acquired Liege-Dudelange, alongside other former ArcelorMittal assets, as the latter had to divest some facilities enabling it to purchase the Ilva steelworks in Taranto in Italy in 2018. As part of the deal, it was agreed that ArcelorMittal would supply the re-rolling lines with hot-rolled coil substrate. But the supply has not been seamless for some time because of issues between the companies.

Source - Strategic Research Institute

voda 27 mei 2021 08:20

0

Danieli Refurbishes Mill Stand Pinion Gearboxat Nucor Gallatin HSM

Danieli Service Center in Coraopolis in Pennsylvania in USA delivered to Nucor Steel Gallatin a fully refurbished original F2 rolling mill stand pinion gearbox, part of the six-stand hot-strip finishing mill. Danieli rolling mill experts reverse-engineered the original pinions for remanufacturing, which was executed at Danieli Headquarters’ specialized gear manufacturing center in Italy. The pinions were re-designed to improve teeth contact and load capacity. The new design increases the mill safety factor by 30% by implementing of different gear parameters. Additional improvement on contact pressure distribution has made it possible to decrease local contact pressure by 40% thanks to specific teeth corrections.

Gearbox body was overhauled to recover the original geometry: bearing seats has been recovered by re-machining the area and installing new bushings, which allowed perfect contact pattern. Furthermore, new double-tapered roller bearings have been installed in place of the original, spherical ones, increasing service life by approx. 10%. After reassembly of the parts, the gearbox was run tested and vibration analysis proved the proper frequencies. Danieli Service specialists supported Nucor Steel Gallatin with accurate on-site alignment.

In the USA Danieli operates two refurbishment centers, in Coraopolis in Pennsylvania and Ashland in Kentucky.

Source - Strategic Research Institute

voda 27 mei 2021 08:22

0

US Steel Imports in January-April 2021 Up by 0.8% YoY

Based on preliminary Census Bureau data, the American Iron and Steel Institute reported that the US imported a total of 2,634,000 net tons of steel in April 2021, including 1,654,000 net tons of finished steel (up 14.1% and down 7.6%, respectively, vs. March final data). Through the first four months of 2021, total and finished steel imports are 9,263,000 net tons and 6,117,000 net tons, up 0.8% and 5.1%, respectively, vs. the same period in 2020. Annualized total and finished steel imports in 2021 would be 27.8 and 18.4 million net tons, up 26.2% and 13.7%, respectively, vs. 2020. Finished steel import market share was an estimated 18% in April and is estimated at 18% over the first four months of 2021.

Key finished steel products with a significant increase in imports in April compared to March are heavy structural shapes (up 72%), plates in coils (up 35%), cut lengths plates (up 27%), hot rolled sheets (up 19%) and standard pipe (up 11%). Products with a significant year-to-date (YTD) increase vs. the same period in 2020 were cut lengths plates (up 37%), hot rolled sheets (up 32%), sheets and strip all other metallic coatings (up 28%), plates in coils (up 19%), wire drawn (up 12%) and reinforcing bars (up 12%).

In April, the largest volumes of finished steel imports from offshore were from South Korea (263,000 NT, up 10% from March final), Japan (88,000 NT, up 3%), Turkey (63,000 NT, up 49%), Germany (47,000 NT, down 42%) and Vietnam (46,000 NT, up 4%). For the first four months of 2021, the largest offshore suppliers were South Korea (864,000 NT, up 22% vs. the same period in 2020), Japan (306,000 NT, up 13%), Turkey (264,000 NT, up 27%), Germany (218,000 NT, down 7%) and Taiwan (189,000 NT, up 2%). Below are charts on estimated steel import market share in recent months and on finished steel imports from offshore by country.

Source - Strategic Research Institute

voda 27 mei 2021 08:23

0

Arjas Steel Opens 500 Bed Covid Hospital in Tadipatri in AP

Specialty steel manufacturer Arjas Steel in partnership with the Anantapur District Administration hasopened a 500 bed Covid Care Hospital at Tadipatri Anantapur District in Andhra Pradesh. Arjas Steel has laid an oxygen pipeline directly from the steel plant to the 500 bedded Covid care hospital, and this ensuring uninterrupted oxygen supply. The 500 bed Covid hospital was built in record 14 day. This 500-bed facility is aimed at providing care for Covid patients from three districts of Rayalaseema region, Anantapur, Kadapa and Kurnool.

This joint initiative has addressed the critical need for oxygen in the hospital and simultaneously reduces the burden on the already scarce resources of oxygen cylinders and tankers that are now deployed to other areas in the state. The Company, as part of its production process has an oxygen plant, but the oxygen produced is of Industrial grade. This is transformed for medical use, under the supervision of Andhra Pradesh Medical Services and Infrastructure Development Corporation.

Source - Strategic Research Institute

voda 27 mei 2021 08:23

0

MMK Increases Production of SteelArt Products in 2020

Russian steel maker MMK continued to successfully develop the program for mastering the production and promotion of branded niche products in 2020. Thus, the shipment of premium rolled steel with SteelArt coating increased by 26% last year. One of such products of the MMK Group is premium steel coated steel produced under the SteelArt brand at the site of the Lysva Metallurgical Plant. LLC MMK-LMZ is the only manufacturer of electro-galvanized steel in Russia and the first manufacturer in Russia to have mastered the production of polymer-coated steel using the Print technology.

SteelArt is a relatively new product for the Russian market, which is rolled metal with a three-layer polymer coating, which quite accurately reproduces the structure and texture of natural materials - stone, wood, brick, etc., while providing a significantly lower cost and ease of installation. The main advantages of SteelArt rolled products over conventional coated rolled products include increased corrosion resistance; significant resistance to mechanical damage; high environmental friendliness, guaranteed preservation of decorative properties for up to 20-25 years.

SteelArt rental is an import substitution product and has good sales growth potential. This is confirmed by the dynamics of shipment. In 2018, the supply of products to the Russian and CIS markets amounted to 11.6 thousand tonnes, in 2019 the shipment reached 16.1 thousand tonnes, and in 2020 the volume of shipments increased by another 26% and reached 20.3 thousand tonnes. At the same time, due to import substitution and expansion of applications, this product niche retains great potential for further growth. The possibilities of using these products are quite wide - in particular, it is the external and internal decoration of buildings and premises, the production of front parts for household appliances.

Source - Strategic Research Institute

voda 27 mei 2021 08:24

0

US Senate Committee Passes Infrastructure Bill

US Senate’s Environment and Public Works Committee approved the Surface Transportation Reauthorization Act of 2021 by a 20-0 vote. The bill authorizes USD 303.5 billion over five years to upgrade our highways, roads, and bridges with a new focus on addressing climate change, improving safety, and lifting up all Americans. This is a 34% increase in funding from the last surface transportation reauthorization. It would be the largest amount of highway funding ever authorized by a surface transportation bill.

American Iron and Steel Institute CEO Mr Kevin Dempsey said “The bill makes much-needed investments in the nation’s surface transportation infrastructure and is a significant step to rebuilding America’s highways, roads and bridges. Providing federal agencies and states with long-term, predictable funding allows them to commit to major steel-intensive infrastructure projects, and we are pleased that this measure is a critical step in that direction. We also appreciate that under the bill Buy America rules will continue to require that steel purchased with federal funds for DOT infrastructure projects be melted and poured in the United States. An efficient and robust transportation network is essential to the competitiveness of the domestic steel industry, its customers and suppliers, and American manufacturing as a whole. We urge the full Senate to take up and pass substantial long-term infrastructure legislation in the coming weeks.”

Source - Strategic Research Institute

voda 27 mei 2021 08:26

0

Zekelman to Invest at Wheatland Tube Plant in Warren

The Business Journal reported that US tube maker Zekelman Industries will invest USD 30 million at its Wheatland Tube’s Dietz Road plant, which manufactures tube and pipe primarily for low-pressure fluid conveyance, for an automated storage and retrieval warehouse. The expansion will increase the plant’s productivity, improve product handling and quality, and provide a higher level of safety for the plant’s approximately 150 workers. The system will be able to tie into the company’s automated inventory management system and procure, prepare and stage materials for loading on outgoing trucks. Construction of the addition will take about 18 months

The USD 30 million project is a continuation of the USD 500 million in investments that Zekelman Industries has made since the announcement of Section 232 tariffs, which have stemmed the import of pipe and tube imports into the United States.

In 2020, US’s pipe and tube imports declined to 3.5 million tons from 8.8 million tons in 2017. Imports of standard pipe, which Wheatland Tube produces, fell from 935,000 tons in 2017 to 510,000 tons last year.

Source - Strategic Research Institute

voda 27 mei 2021 08:26

0

Mr Thomas Gibson Awarded Gary Memorial Medal

The American Iron and Steel Institute announced that former president and CEO of AISI Mr Thomas J Gibson was awarded the US industry’s highest honor, the Gary Memorial Medal at AISI’s Board of Directors meeting in Washington, DC. Mr Gibson had been president and CEO of the Institute since 2008 and retired in June of 2020. His selection for the honor was originally adopted by the AISI Board of Directors in October 2020; however, the announcement was delayed due to the pandemic.

The citation to Mr Gibson from the Board of Directors reads: “In recognition of his outstanding leadership in advancing public policy issues critical to the steel industry and American manufacturing; his unwavering commitment of time and energy to matters central to the future of the Institute and the interests of its members; and for his thoughtful, articulate advocacy on behalf of steel as the material of choice.”

Source - Strategic Research Institute

voda 27 mei 2021 08:27

0

Union & City Mayor Cautious over Algoma Steel Merger

Soo Today reported that Union bosses representing the majority of the workforce at Algoma Steel Inc aren’t saying much on record about the $1.7 billion merger agreement the company has entered into with special-purpose acquisition company Legato Merger Corp. United Steelworkers Local 2251 President Mr Mike Da Prat told SooToday that he was informed of the merger by Algoma Steel Inc Chief Executive Officer Mr Mike McQuade the night before announcement. He told “The information given to me by the CEO was that our debt rating would be improved, a number of other issues would improve, certain amounts of debt would be made better. So based on all that, what I can say, I am cautiously optimistic.”

Sault Ste Marie Mayor Christian Provenzano is hopeful the merger will benefit both the steelmaker and the community going forward. He said “What we want to see is a steel provider that has a long-term and sustainable future, and we have no reason to believe this isn’t a positive development. So we’ll see how it unfolds, and we’ll remain hopeful that it’s a sign of good things to come for Algoma. From his perspective, it’s in the best interest of both the company and the community to ensure that the company is reinvesting in its technologies. With climate change and the effects of the pollutants that result from the blast furnace process, I think it’s a responsible thing to consider the implementation of an EAF, and I think there could be some real upside to the community - the health of the community and the long-term sustainability of the company.”

Source - Strategic Research Institute

voda 28 mei 2021 08:45

0

CISA Proposes Measures to Ensure Domestic Steel Supply in China

Global Times reported that the China Iron & Steel Association has proposed an industry self-review initiative, urging the iron and steel industry to strengthen market order to further promote high-quality development of the industry while vowing steel enterprises will adjust their export strategies to safeguard the domestic supply. The initiative stated that China has recently adjusted steel import and export policies, encouraging the export of high value-added products, and restricting the export of low-end products. Iron and steel enterprises should adjust their export strategies accordingly to meet the domestic supply, aiming to complement and regulate the import and export of iron and steel.

A total of seven proposals were outlined in the initiative. Besides urging steel enterprises to do their best to ensure the domestic supply of iron and steel, CISA also vowed steel makers to manage production based on the actual demand in a bid to maintain the balance between demand and supply, emphasizing leading regional enterprises should give full play of their market "stabilizer" role and take the lead in maintaining the smooth operation of regional markets.

Steel associations will strengthen market monitoring when it comes to critical market factors and issue early warnings in a timely manner, read the initiative, noting that the whole steel industry needs to deepen industrial chain cooperation, restricting vicious competition and assisting regulators in implementing market regulations.

Source - Strategic Research Institute

voda 28 mei 2021 08:46

0

Karnataka Puts on Hold Decision to sell Land to JSW Steel

According to media reports, Karnataka Cabinet has put on hold its decision to sell 3,667 acres of land to JSW Steel Ltd in Ballari following widespread opposition. Karnataka’s Law and Parliamentary Affairs Minister Mr Basavaraj Bommai said “The previous cabinet's decision to give land to Jindal has not been confirmed in today's cabinet meeting, so the previous decision on this matter will be on hold. With this decision the previous cabinet decision will not be implemented. Lot of cases are there, there is appeal in the Supreme Court, there is a PIL in high court based on which notices have been issued. After looking into all these things, we will take a decision in the days to come.”

Earlier this month, at least four BJP legislators wrote a letter to Chief Minister BS Yediyurappa, demanding a rollback of the government’s decision to sell the land. A report in India Today said, the letter, signed by Basangouda Yatnal, Arvind Bellad, K Poornima, Uday Garudachar, read, "The decision to execute the absolute sale deed in the cabinet meeting held on Date:26/04/2021 has come as a shock to all the legislators. The decision of the state cabinet, in fact, humiliates the protest taken up by all the BJP karyakartas and legislators. Many of the ministers and legislators are not in approval of the said decision of the state government. The very issue of corruption, for which the entire BJP state unit had fought under your leadership is being approved by you as chief minister is mocking the very fight."

The BJP while in opposition had opposed a similar move and had even staged protests against the then government's decision. Accusing the Congress-JD(S) coalition government of selling the land to the company at a throwaway price (INR 1.22 -1.50 lakh per acre), the BJP, then in opposition, had held a two-day round-the-clock sit-in.

Source - Strategic Research Institute

Vertraagd	7 mei 2024 17:35
Koers	23,970
Verschil	-0,380 (-1,56%)
Hoog	24,300
Laag	23,690
Volume	3.131.701
Volume gemiddeld	2.557.030
Volume gisteren	2.104.470

02 mei	Beursblik: resultaten ArcelorMittal b...	1
02 mei	AEX gaat hogere opening tegemoet, ter...	4
02 mei	Meer omzet en hoger resultaat bij Arc...
01 mei	Lagere winst ArcelorMittal verwacht
23 apr	Mondiale staalproductie daalt toch weer
16 apr	Deutsche Bank haalt ArcelorMittal van...	1
12 apr	Video: cyclische aandelen bieden kansen
09 apr	World Steel Organisation ziet vraag n...
22 mrt	Mondiale staalproductie in de lift
12 mrt	ArcelorMittal neemt groot belang in V...

Arcelor Mittal « Terug naar discussie overzicht

Nieuws en info hier plaatsen (deel 4)

Meedoen aan de discussie?

Direct naar Forum

Detail

ArcelorMittal nieuws meer