Arcelor Mittal « Terug naar discussie overzicht

Nieuws en info hier plaatsen (deel 4)

voda
0
Saudi rebar prices slide, Hadeed stable for now
223 Views

Saudi Arabian mills have lowered their rebar quotes to SAR 2,900/tonne ($773) delivered and below for firm bids, except Hadeed. The country’s largest steelmaker has kept quotes at the June-delivery level of SAR 3,100/t for 12-14mm diameter and SAR 3,000/t for 16mm+, both delivered, Kallanish notes.

Saudi tier-2 and tier-3 mills' prices are at SAR 2,850-2,900/t and SAR 2,700-2,800/t delivered within the country, respectively.

In the retail market, however, there is a wide range of prices available. Some stockists and traders are offering rebar at lower than their June purchasing prices. They are aiming to compensate for their losses and make some profit through the quarter-end and year-end rebates, which they receive by hitting pre-agreed quotas. The 12-14mm diameter rebar shortage is still ongoing in the market.

"Now, it is buyers' time. Business is very quiet, and all mills, except Hadeed, are eager to sell significant tonnages for enquiries below SAR 2,900/t, regardless of their price announcement,” explains a senior mill official. "Contractors who made rebar cost analyses at lower quotes expect a price decline. That's why they are withholding their enquiries for the longest [time] possible and even splitting their weekly shipments into three rather than buying at once, hoping to benefit from any price fall."

Next week, Saudi market maker Hadeed is expected to announce its July-rolling rebar and wire rod prices, with all sector participants expecting a decline.

Despite increasing iron ore pellet premiums, Hadeed’s rebar quote could drop SAR 200/t on-month due to the Hajj season and Eid Al Adha holiday effect on July rebar demand, and shrinking scrap and billet prices in the country.

Burak Odabasi Turkey
voda
0
Reuters: Tata Steel India kocht veel Russische steenkolen
ANP Producties - 6 uur geleden
© ANP

DELHI (ANP) - De Indiase staalreus Tata Steel heeft in mei zeker 75.000 ton Russische steenkolen gekocht, ondanks de eerdere belofte van het concern dat het geen zaken meer doet met Rusland vanwege de oorlog in Oekraïne. Dat zeggen meerdere bronnen tegen persbureau Reuters. Het bedrijf, ook eigenaar van de staalfabriek in IJmuiden, beloofde in april dat het voor al zijn productievestigingen grondstoffen van elders zou halen.

Volgens de ingewijden zouden er kolen vanuit de Russische haven Vanino naar de Indiase havens Paradip en Haldia zijn verscheept. Een woordvoerder van Tata Steel zegt tegen Reuters dat er nog kolen uit Rusland komen als onderdeel van een eerdere deal, voordat het bedrijf de zakelijke banden met Rusland verbrak. Sindsdien zijn volgens Tata ook geen Russische kolen meer gekocht.

Tata Steel was de enige grote staalproducent die aankondigde geen zaken meer met Rusland te willen doen. Andere Indiase staalproducenten hebben grote hoeveelheden steenkool uit Rusland ingevoerd, zo bleek uit handelsgegevens. Indiase bedrijven zouden kortingen tot wel 30 procent krijgen op de aankoop van Russische kolen.

Anders dan veel westerse landen heeft India de Russische invasie in Oekraïne niet veroordeeld. Dat komt vermoedelijk ook door de politieke banden die Moskou en New Delhi onderhouden. Volgens India zou het ineens stopzetten van aankopen van Russische goederen er onder meer voor zorgen dat de prijzen in India in rap tempo stijgen. Dat pakt dan weer nadelig uit voor de inwoners.
voda
0
CSP to Improve BOF Performance with Relining Machine from Primetal

Strategic Research Institute
Published on :
22 Jun, 2022, 6:32 am

Brazilian steel producer Companhia Siderúrgica do Pecém has recently ordered a new relining machine from Primetals Technologies for its steel mill located in Pecém in the state of Ceará in north-eastern Brazil. Equipped with two 300 tonne LD converters supplied by Primetals Technologies in 2016, CSP’s plant has an annual capacity of 3 million tonnes of slabs.

A few years ago, CSP wanted to improve the safety levels of its relining procedure and was therefore searching for a new solution. As a first step Primetals Technologies, together with CSP, did a comprehensive case study in which the limitations and issues with the existing relining procedure were analyzed and a new relining solution was developed. Comprising of a base structure, a lifting unit, a winch-suspended working platform, a combined pallet and personal elevator, and a feeding unit, the new relining machine provides access to the converter from the top, ie through the converter mouth. Lining material is supplied via the integrated elevator.

The LD converters at CSP’s plant have a fixed bottom. To accommodate for this design, the new relining machine will be capable of bringing in bricks and stirring plugs for the bottom relining procedure. This patent pending process is realized by an elevator that can be unloaded both on the working platform and below. Powered by two electrical winch drives, the working platform can be placed into any relining position, as the platform diameter is adjusted to the brickwork’s contour line. The relining machine is mobile and can be used for both converters at CSP’s plant.

To ensure a smooth startup, the new machine will be manufactured, preassembled, and fully tested in Europe before being shipped to Brazil. Further testing is planned at CSP’s site to train the company’s staff.

Thanks to the new solution, relining capacity will increase by about 30 percent while the shutdown time is expected to be 20 hours shorter. The main factor speeding up the relining process is the shorter cycle times, as the bricks will be transported at a faster pace. With the existing relining system, personnel working inside the vessel must stop working and stand close to the wall as brick loads are being lowered to or lifted from the converter. Furthermore, an optimized procedure is now used for relining the converter bottom and for installing the stirring plugs there, which also helps to save time.
voda
0
EAEU Countries Decide Steel Scrap Export Rules

Strategic Research Institute
Published on :
22 Jun, 2022, 6:33 am

Interfax Russia reported that the prime ministers of the Eurasian Economic Union countries have identified rules for the operation of the single market for sensitive types of products, stipulating their free circulation in mutual trade as part of approved indicative balances at a Eurasian Intergovernmental Council meeting on 20 June 2022. Eurasian Economic Commission Trade Minister Mr Andrei Slepnev said “The list includes wheat and meslin, barley, corn, sunflower seeds, sugar, sunflower oil, recyclable paper or cardboard, as well as waste and scrap ferrous metals. When exporting these products to other countries, the parties will not allow evading export regulation measures imposed by one or more countries, including by taking unilateral and unified export regulation measures within the Union.”

The Eurasian Intergovernmental Council's directive will take effect on the day of its official publication and will be valid until 30 September 2024. EAEU countries will monitor compliance with export restrictions imposed by the EAEU participants regarding these goods.

The EEC Council jointly with the governments of the EAEU countries is tasked with organizing the elaboration of balances for the goods from the list.

The Eurasian Economic Union was created in part in response to the economic and political influence of the European Union and other Western trade agreements. Member states of the EAEU include Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia. The key objectives of the organization are to increase cooperation and economic competitiveness for the member states, and the promotion of stable development in order to raise the standard of living in member states.
voda
0
MCMZ & Shenzhou Break Ground for Steel Plant in Philippines

Strategic Research Institute
Published on :
22 Jun, 2022, 6:34 am

The Manila Times reported that Davao City southern Philippine island of Mindanao based miner Mount Zynai 0304 Mining Corp is investing USD 1 billion to build Mt Zynai Industrial Park that will house the Philippines first steel plant in this municipality. Mount Zynai 0304 Mining Corp & Chinese partner Shenzhou Investor Corp broke ground for the facility in a 15 hectare industrial complex in Barangay Sta Cruz in Diplahan town in province of Zamboanga Sibugay Philippines on 18 June 2022. The facility will house iron core crushing, integrated steel mill and smelting plant and industrial laboratory and produce 1.5 million tonnes of rebars and steel products every year. Construction of steel plant will take four years and is expected to be fully operational in 2026.

Mount Zynai 0304 Mining Corp President & CEO Mr Leonardo Fernandez said “We will drill ore materials for steel and make it into steel bars. "Currently, what we do is we send the ore materials to China and then buy them like a steel product. Once the smelting plant is finished, the country will no longer transport the ore materials since it can be done in the Philippines.”

Mount Zynai 0304 Mining Corp is a newcomer into the mining operation and has recently acquired the Mineral Production Sharing Agreement of an iron ore mining area in Zamboanga del Sur and a coal mine area in Zamboanga Sibugay. It was also negotiating with the Subanen tribe to mine the same iron ore in Bayog, Zamboanga del Sur which would cover some 15,000 hectares. The Mount Zynai 0304 Mining Corp is wholly owned by Filipino businessmen and with headquarters in Davai City.
voda
0
AISI Appoints Mr Christopher Kristock as VP of Auto Program

Strategic Research Institute
Published on :
22 Jun, 2022, 6:35 am

The American Iron and Steel Institute announced that Mr Christopher Kristock has been named Vice President of Automotive Program for AISI effective 20 June 2022. Mr Kristock succeeds Mr John Catterall, who is retiring, and who has led AISI’s automotive program since 2020 and previously led the Auto/Steel Partnership, a partnership of automotive companies, manufacturers, steel producers and tier suppliers.

As the leader of the automotive program for the American steel industry, Mr Kristock will focus on maintaining steel’s role as the automotive material of choice. Kristock will be responsible for leadership of AISI’s Automotive Applications Council, a group of AISI member steel producers focused on automotive innovation, education and technology transfer activities.

Mr Kristock’s career has spanned roles as a scientist, manufacturing engineer and quality assurance leader. Since 2014 he has held several positions of responsibility at an automotive metal processor including vice president of quality and technology. Previously, he served as vice president quality and product development at Severstal North America and was co-chairman of their international global technology system. His lifetime career experience also includes quality assurance, product development, advanced engineering, technical service, process engineering, metallurgy, steelmaking and casting in both basic oxygen furnace & electric arc furnace operations.
voda
0
SSAB to Supply Green Steel to Automotive Supplier Shape in US

Strategic Research Institute
Published on :
22 Jun, 2022, 6:37 am

One of the Fossil Free Steel pioneer Swedish steel maker SSAB has entered an agreement with US based tier-one automotive supplier of lightweight body structures Shape Corp to deliver fossil-free steel crash management and body structure systems to market. Shape will be testing SSAB’s fossil-free steel, the first steel product made of hydrogen-reduced sponge iron utilizing HYBRIT technology, for use in automotive applications. SSAB President & CEO Mr Martin Lindqvist said “Demand for fossil-free steel is increasing, which is one of the reasons for SSAB to bring forward its green transition with the ambition to largely eliminate carbon dioxide emissions around 2030.”

Shape Corp will be the first tier-one automotive supplier to market with fossil-free steel crash management and body structure systems. Shape will be testing SSAB’s fossil-free steel, the first steel product made of hydrogen-reduced sponge iron utilizing HYBRIT technology, for use in automotive applications. Shape Corp. is setting an aggressive course to offer products made with this innovative material in order to provide a green steel, lightweight alternative for OEM body structure components that aligns with Shape’s own carbon neutrality goals.

SSAB aims to deliver fossil-free steel to the market in commercial scale during 2026. SSAB works with iron ore producer LKAB and energy company Vattenfall as part of the HYBRIT initiative to develop a value chain for fossil-free iron- and steel production, replacing the coking coal traditionally used for iron ore-based steelmaking with fossil-free electricity and hydrogen. This process virtually eliminates carbon dioxide-emissions in steel production.

Grand Haven Michigan headquartered Shape Corp is a global leader in multi material automotive impact energy management systems and lightweight body structures utilizing advanced-high strength steel roll forming, tight tolerance aluminum extrusions and large tonnage injection molding. Founded in 1974, the company has 17 facilities worldwide allowing Shape to serve customers in North America, Europe and Asia. Shape has pledged to reduce its global carbon emissions 30% by 2030 and to be fully carbon free by 2035. Shape aims to be carbon free in its production and will reduce end user carbon emissions through lightweighting of the products Shape provides to its customers, mitigating climate change effects.
voda
0
Metinvest Advises Customers Not to Buy Steel Stolen by Russians

Strategic Research Institute
Published on :
22 Jun, 2022, 6:36 am

Ukrainian steel maker Metinvest Group has addressed buyers of steel products, asking them not to purchase steel products from Ilyich Steel and Azovstal that have been stolen by the Russians from the port of Mariupol. Letters to this effect, signed by Ilyich Steel & Azovstal General Directors Mr Taras Shevchenko & Enver Tskitishvili have been sent to all ports, customers, and partners. Ilyich Steel and Azovstal emphasize that, under international and Ukrainian law, the armed seizure of merchant ships that were in the waters of the port of Mariupol at the time of the invasion and of Ukrainian products can be correctly described as banditry and plunder. Metinvest Group’s enterprises, therefore, has asked all potential buyers to reject any offers related to the stolen products, as any purchase thereof would not be considered as having been made in good faith. In particular, they asked buyers to

1. Carefully verify every contract related to any steel products of doubtful origin, especially those that originate from the temporarily occupied Ukrainian cities of Mariupol, Kherson, Sevastopol, or from the Russian cities of Taganrog, Tuapse, Rostov-on-Don or Novorossiysk and which have never been supplied from these cities before. We ask the ports to carefully verify the validity of shipping documents and the origin of any steel products that originate from the cities referred to above

2. Verify the certificates of origin and shipping documents of steel products from the cities referred to above

3. Reject suspicious contracts with Russian companies involved in shipping steel products that originate from the cities referred to above

4. Notify Metinvest about any commercial offers of steel products that are of doubtful origin

At the beginning of the war, over 234,000 tonnes of steel products manufactured by Ilyich Steel and Azovstal were stored at the port of Mariupol. Following Mariupol’s occupation by Russia, the enterprises have not been able to export these products to their lawful buyers in Spain, Italy, Belgium, Greece, Portugal, Turkey, Iraq and Egypt. Metinvest enterprises have underlined that there is a high probability of theft and smuggling of Ukrainian steel products, especially taking into consideration that the Russian company River-Sea was known to be loading the vessel RM-3 with metal products. The enterprises have stated that they do not cooperate or coordinate in any way with the representatives of the invading country or its occupation administration, which is involved in shipping metal to the Russian Federation.

Earlier this month, Ilyich Steel filed a request with the Cabinet of Ministers and the Office of the President of Ukraine to impose personal sanctions against Russian residents involved in the illegal seizure and re-reselling of Ukrainian steel products.
voda
0
Spain Approves COVID Aid to Celsa - Report

Strategic Research Institute
Published on :
22 Jun, 2022, 6:38 am

According to media reports, Spanish Government’s Council of Ministers has authorizes a new aid from the Solvency Support Fund for Strategic Companies. Span’s state owned industrial holding company Sociedad Estatal de Participaciones Industrials has approved a loan to Spanish steel producer Celsa to support its operations affected by the COVID pandemic. SEPI, through its fund created to support strategic businesses, agreed to provide Celsa the requested aid in the amount of EUR 550 million. The funding will be made through granting a participating loan of EUR 280.5 million and an ordinary loan of EUR 269.5 million. Given that the amount of the participating loan is bigger than EUR 250 million, authorization by the European Commission is required. This must be done by 30 June, a deadline for the SEPI COVID-related grants.

One of the conditions for the loan approval was the agreement between Celsa and its creditors about the debt restructuring. Local media reports say that the steel company and the creditors, including Goldman Sachs, Deutsche Bank, Cross Ocean and others, agreed to the conditions of the loan, but the debt restructuring agreement is yet to be signed.

Celsa’s operations include eleven EAFs in five European countries Spain, France, UK, Norway and Poland with a total capacity of more than 8 million tonnes per year & an installed long steel capacity of more than 9 million tonnes.

In addition an aid of 25.03 million euros granted to the Rugui Steel Group will be channeled through a participating loan amounting to 13,525,000 euros and an ordinary loan for a total of 11,500,000 euros. It has a presence in the autonomous communities of Castilla y León, Navarra and the Basque Country. In this sense, the group has a relevant strategic importance in the province of Soria, specifically in the town of Ólvega, where the only steel mill in all of Castilla y León is located and where almost 40% of the company's employment is located. Soria is one of the Spanish provinces most affected by the problem of depopulation.

Also, the public support provided to Tubos Reunidos amounts to 112.8 million euros and is articulated through a participating loan with a maturity of seven years. The agreement by which this temporary financial support has been authorized includes the designation of an observer on the Board of Directors of the steel group, who will have a voice, but no vote. Tubos Reunidos has a significant strategic character due to the activity sector in which it operates and its impact on employment and the economy, as it is one of the top ten world producers of martensitic stainless steel pipes for oil and gas and one of the only two European manufacturers of this highly strategic material because it is necessary in gas wells that are exposed to the most demanding working conditions.
voda
0
Lord Geidt Says Steel Tariffs as Distraction from Main Objections

Strategic Research Institute
Published on :
22 Jun, 2022, 6:40 am

Ms Noa Hoffman wrote at Public Home that UK Prime Minister Mr Boris Johnson's ethics adviser Lord Christopher Geidt, who resigned from his position as last week, has insisted that the move was not limited to the issues around steel, but was driven by broader ethical objections. In a letter addressed to the chair of Parliament’s Public Administration and Constitutional Affairs Select Committee, Lord Christopher Geidt emphasized his decision to step down was not limited to ethical considerations regarding steel tariffs. Instead he highlighted the problem of being asked to give advanced cover to the Prime Minister where there is contemplation of doing something that may be in breach of international law.

Lord Christopher Geidt wrote in the letter “Since my letter of resignation was made public… there has been some confusion about the precise cause of my decision. My letter has been interpreted to suggest that an important issue of principle was limited to some narrow and technical consideration of steel tariffs. The cautious language of my letter may have failed adequately to explain the far wider scope of my objection.”

Lord Christopher Geidt sent shockwaves through Westminster when he became the second independent ethics adviser appointed by Johnson to step down from the role in the space of three years.
voda
0
EUROFER & Wind Europe Seek Quick Renewables & Hydrogen Supplies

Strategic Research Institute
Published on :
22 Jun, 2022, 6:39 am

European Steel Association EUROFER & Wind Europe have jointly called for the availability and affordability of renewables and renewable hydrogen for industries such as steel ready to decarbonize at large scale must become the EU’s top priority for reaching climate neutrality and accelerating independence from Russian fossil fuel supplies. They have highlighted that the worsening gas supply situation and the need to cut dependencies from Russia increases the urgency to speed up green energy infrastructure investments in the EU. EUROFER Director General Mr Axel Eggert & Wind Europe CEO Mr Giles Dickson said “We call on the EU institutions and the Member States to double down on their actions for guaranteeing security of supplies, strengthening critical supply chains necessary for the energy transition, and investing in the green technologies we need to the benefit of citizens and industry alike.”, concluded and Mr. Dickson.

The EU steel industry has been working on alternative production routes for more than a decade. There are now 60 low carbon projects ready to be scaled at industrial level covering the main EU steel producing countries and companies. The number of projects grows by the month, and so their green energy and financial needs. Today, capital investment is set at EUR 31 billion, operational costs at EUR 54 billion (pre-Russian war in Ukraine data), while clean electricity needs amount to 150 TWh, half of which for hydrogen production, by 2030. Their CO2 emissions abatement potential is equivalent to a cut of -55% compared to 1990 levels. Delivering on these projects hinges on an abundant supply of renewable electricity and renewable hydrogen. Competitive and scalable wind energy is uniquely placed to meet this demand. But this will require accelerating deployment. Which is all the more urgent as Europe shifts away from Russian fossil fuels in response to the war in Ukraine?

The REPowerEU communication will be a crucial element in establishing the right conditions at EU level to support the transition towards climate neutrality whilst supporting industry in coping with the current challenges. With the right rules on permitting – considering renewables in the overriding public interest, and accelerating permitting inside and outside ‘renewables go-to areas’, the wind industry can help decarbonize European steel with home grown energy.

WindEurope is the voice of the wind industry, actively promoting wind energy across Europe. We have over 400 members from across the whole value chain of wind energy: wind turbine manufacturers, component suppliers, power utilities and wind farm developers, financial institutions, research institutes and national wind energy associations.
voda
0
SHS Saarstahl & Dillinger to Produce Green Steel in Saar Region

Strategic Research Institute
Published on :
22 Jun, 2022, 7:06 am

The Supervisory Boards of SHS – Stahl-Holding-Saar, Saarstahl AG and Aktien-Gesellschaft der Dillinger Hüttenwerke have adopted an ambitious roadmap to transform Saarland’s steel industry. This marks another important milestone on the path to carbon-neutral steel production. Production of green steel is now slated to begin in Saarland in 2027. After a detailed review of various location and technology options, the supervisory bodies of Germany’s third-largest steel producer in aggregate decided in favor of comprehensive transformation of steel production at the plants in Dillingen and Völklingen. This demonstrates a clear commitment to the home location of Saarland, which previous analyses have shown to be the most competitive. Preparations and measures to implement the first phase of the project will now be initiated by 2027.

Over the next five years the new production route will include an electric arc furnace at the Völklingen plant and an EAF and direct reduced iron plant for the production of sponge iron at the Dillinger plant, in addition to the established blast furnace route. The capacity of the plants will be about 3.5 million tonnes of crude steel, obtained from direct reduced iron and scrap. Green hydrogen will already be used to some extent by the time the new route is commissioned in 2027. One blast furnace in Dillingen will be closed during the commissioning phase, resulting in a significant reduction in carbon emissions. This strategy is supplemented with the green steel from Saarstahl Ascoval in northern France, which is already being produced with an EAF using scrap and is rolled into green rails at Saarstahl Rail in Hayange.

In the first phase of the transformation, a single-digit billion-euro sum will be invested in constructing the required facilities at the two sites. Despite a solid balance sheet, SHS and its subsidiaries Saarstahl and Dillinger cannot finance this sum alone. This significant funding gap for the required investments can only be closed with government funding at the federal and EU level. SHS will seek the maximum funding quota with the adopted concept and will soon be submitting the corresponding applications.
voda
0
PM Ms Simonyte Clarifies Lithuania Not Blockading Kaliningrad

Strategic Research Institute
Published on :
22 Jun, 2022, 6:41 am

Russian Government has said that the restrictions on the transit of cargo via Lithuania to and from the Kaliningrad region violated international agreements and demanded that Lithuania lift the ban. Lithuania replied that it did not impose unilateral agreements and that the ban was part of the EU sanctions. Interfax Russia reported that Lithuanian Prime Minister Ms Ingrida Simonyte said that Lithuania does not interpret the European Union's sanctions on Russia in any way and has not imposed a blockade on the Kaliningrad region. Ms Simonyte told journalists “No blockade of Kaliningrad is taking place. It's just that sanctions have been applied to some goods included in the so-called sanction package since last weekend, particularly steel and ferrous metals and railway clients or contractual parties have been informed of these sanctions and made aware that they cannot be transshipped and transported. All other goods that are not under sanctions, as well as passenger transit for which there is a special agreement between the European Union, Russia, and Lithuania, are being transported.”

Ms Simonyte added “There were situations in that period when, say, due to certain restrictions applied to banks, Russia was unable to pay for the transportation of passengers, which would have formally been a reason for severing the contract. And yet transportation continued, we continued to follow the contract, and financial institutions were found through which payments were made and debts settled.”

Kremlin’s Security Council Secretary Mr Nikolai Patrushev has visited the Kaliningrad region and vowed during a national security meeting to take action over the ban. Mr Patrushev said “Russia will definitely respond to such hostile actions. The relevant measures are being drawn up in an interagency format and will be adopted shortly. Their consequences will have a significant negative impact on the population of Lithuania.”

Separately, the Russian Foreign Ministry summoned the European Union Ambassador to Russia M Markus Ederer and expressed a resolute protest over the transit ban. The ministry demanded an immediate resumption of the normal operation of the transit, otherwise retaliatory measures will follow.”

Lithuanian Foreign Minister Mr Gabrielius Landsbergis had said before a European Union ministerial meeting in Luxembourg “Firstly, these are not Lithuania's actions, these are European sanctions applied from 17 June. And the sanctions are currently applied by the railway company, which has informed its clients that the goods under the sanctions from 17 June, which are steel and other products manufactured of iron ore, won't be imported through Lithuania any longer. This is being done in consultations with the European Commission and in line with its decisions.”

The transit ban was announced back in mid-March as part of the fourth package of the EU sanctions. The EU sanctions adopted on March 15 imposed restrictions on Russian steel and other ferrous metal products under contracts concluded before 17 June and they cannot be transported across EU territory after that date. The same ban will take effect with regard to cement, alcohol, and some other products on 10 July, with regard to coal and other solid fossil fuels on August 10, and Russian oil on 5 December. Preliminary estimates show that the ban affects 40% to 50% of all transit cargo, including construction materials, cement, metals, and other important commodities

Kaliningrad, home to some 430,000 people, is isolated from the rest of Russia and borders EU members Lithuania and Poland. Trains with goods for Kaliningrad travel via Belarus and Lithuania; there’s no transit through Poland. Russia can still supply the exclave by sea without falling foul of EU sanctions.
voda
0
Mr AK TULSIANI Assumes Charge as Director Finance of SAIL

Strategic Research Institute
Published on :
22 Jun, 2022, 7:07 am

Mr Anil Kumar Tulsiani has taken charge as Director Finance of Steel Authority of India Limited on 20 June 2022. A Cost & Management Accountant and MBA Finance, Mr Tulsiani joined SAIL in 1988 in the company’s Durgapur Steel Plant as Junior Manager Finance. Rising through the ranks, Shri Tulsiani became the Executive Director F&A in SAIL before taking over as the Director Finance of the company.

He carries an experience of almost 34 years in various areas of Finance and Accounting in different Plants & Units of SAIL Raw Materials Division, Durgapur Steel Plant, Central Marketing Organization & Corporate Office. He has taken several new initiatives during his tenure in areas like Budget & Budgetary Control, Fund Management, Finalization of Accounts, and smooth transition to GST etc. He also played a key role in preparation of the Cost Manual for SAIL Mines.

Mr Tulsiani is also SAIL’s nominated Director on the Board of mjunction Services Limited.
voda
0
Nippon Steel Seeks Credible Coking Coal Index or Alternatives

Strategic Research Institute
Published on :
22 Jun, 2022, 7:08 am

Bloomberg reported that Japanese steel giant Nippon Steel is prepared to make more investments in coal mines after the energy source surged in price, as Japan’s biggest steelmaker looks at ways to stabilize the supply of one of its key raw materials. Nippon Steel’s Raw Materials Division General Manager Mr Kiichi Yamada said “It’s a dynamic that’s led Nippon Steel to study whether investing further in coal projects makes sense, particularly as miners come under pressure to divest those assets because of fears over global warming.

Mr Yamada didn’t give any details on possible new investments.

Mr Yamada expects the market for coking coal to remain tight. He said “Prices are more than twice where they were a year ago, and given the limited opportunities to expand supply, it’s structurally difficult for coking coal prices to fall.”

Mr Yamada also said “Five years ago, the company switched to using price assessments as the basis for procuring supply because the spot market had grown too volatile. But China’s ban on imports of Australian coal in 2020 has significantly cut the number of deals struck and left pricing less liquid. It may mean that prices don’t fairly reflect the supply-demand balance. Nippon Steel has begun discussing the problem with its suppliers. Resolving the issue will involve either enhancing the credibility of index-linked pricing or finding an alternative.”

Nippon Steel currently has minority stakes in six coking coal assets, mostly in Australia, including the Moranbah North project led by Anglo American Plc with production capacity of 15 million tonnes a year. According to a report in the Australian Financial Review, Japanese trading firm Mitsui & Co has begun seeking buyers for its 20% stake in a joint venture that operates coking coal mines in Queensland.
voda
0
ArcelorMittal Brazil Begins Building Metaverse

Strategic Research Institute
Published on :
22 Jun, 2022, 7:07 am

Brazil’s leading steel maker ArcelorMittal has begun building its presence in Metaverse to reinforce its position as a reference in innovation and development of pioneering solutions in the steel sector. The first project will be in partnership with Link School of Business, the first entrepreneurship college in Brazil. The action provides for the creation of a new business model in Metaverse, associated with the steel producer's operations, and will have an initial investment of BRL 1.2 million from the company. For the launch of the project, ArcelorMittal and Link promoted a live, on 15 June 2022, on YouTube by ArcelorMittal Aços Longos. The CEO of AAA Inovação, Juan Pablo, gave a lecture on the impacts of the Metaverse on people and companies.

The new business development team will be made up of six people, two of whom are professionals from the company and four students from Link. This team will receive training in Brazil and the US, including mentoring and support from Link, ArcelorMittal and Açolab, the steel producer's open innovation laboratory. ArcelorMittal has been connected to the school of entrepreneurship since last year, in a partnership that ranges from training executives to jointly carrying out challenges and innovation projects.

Link is a college regulated by the Education Ministry that offers a degree in Business Administration - with the great differential of focusing on training entrepreneurs. Our educational model values both the development of the individual and the learning of business tools for students to build their own companies throughout the 8 semesters of the course.
voda
0
GCC buyers monitor Vietnamese HRC, supply pool increases
192 Views

The Gulf Cooperation Council hot rolled coil market has fallen completely silent amid a lack of deals. Almost all potential buyers, even those who released enquiries last week, have decided to postpone their procurement. They are meanwhile monitoring the Vietnamese HRC market for Chinese and Indian mills’ deals or offers to give an idea to GCC buyers, Kallanish observes.

Ex-China 0.35-1.7mm thickness full-hard cold rolled coil prices were in freefall between last Friday and Tuesday this week. One offer translated into a deal for 2,300 tonnes at $760/tonne cfr United Arab Emirates for July shipment.

Last week, a boron-added 1.7-7.4mm thick SS400 and A36 combined grades consignment was offered at $770/t cfr GCC by Indian mills for July shipment. Ex-China material of the same thickness SS400 grade was quoted at $750/t cfr GCC for August shipment. Indian mills’ offers were negotiable, however.

This week, ex-Japan 2mm+ SPHT-1 grade HRC is offered at $815-820/t cfr. Indian mills’ 2mm+ SAE 1006 grade boron-added initial offers are at $750/t cfr, but, for firm bids and large quantities, Indian mills are expected to compromise.

"Since yesterday, ex-China SS400 and SAE 1006 grade HRC offers to Vietnam are at $660/t and $675/t cfr, respectively,” a prominent GCC source explained on Tuesday. “This decrease of more than $50/t on-week makes GCC buyers target SAE 1006 grade HRC at $700-715/t cfr GCC.”

"As coking coal and iron ore prices have fallen sharply, costs are reduced, and these prices are workable for the sellers as well,” he added.

This week in Saudi Arabia, 2.8mm+ thickness G90 hot-dip galvanized coil from Taiwan is heard offered at $1,100/t for August/September shipment, while ex-China same material is at $1,010-1,020/t for August shipment, both cfr Dammam. Also, ex-China 1.2mm SPHC grade HRC is heard offered at $800/t cfr Dammam for August shipment.

"In addition to regular HRC exporters to our region, HRC producers from Australia, Kazakhstan and Brazil are in the GCC market to sell their material, which is a good sign for the buyers,” says a stockist. "All buyers prefer to wait and see [how] the market [develops]."

Burak Odabasi Turkey
voda
0
Wereldwijd weer minder staal geproduceerd
India vangt lagere productie Oekraïne deels op.

(ABM FN-Dow Jones) De mondiale staalproductie is in mei gedaald. Dit bleek woensdag uit cijfers van brancheorganisatie World Steel Association.

In totaal maakten de 64 staalproducerende landen in mei 169,5 miljoen ton staal. Dat is 3,5 procent minder dan mei 2021.

In China, wereldwijd met afstand de grootste fabrikant van staal, daalde de productie 3,5 procent tot 96,6 miljoen ton. Voor Azië en Oceanië als geheel was de daling minder sterk, namelijk 1,7 procent. Dit was te danken aan een productiestijging in India met ruim 17 procent tot 10,6 miljoen ton.

In Rusland, de voormalige Sovjet-Unie en Oekraïne daalde de productie met 19 procent tot 7,4 miljoen ton. Dit kwam vooral door Oekraïne, want in Rusland daalde de productie met maar 1,4 procent. In de EU was de daling 6,8 procent tot tot 12,9 miljoen ton, waarbij de productie in Duitsland zelfs met 11,5 procent terugviel.

Door: ABM Financial News.

info@abmfn.nl

Redactie: +31(0)20 26 28 999
voda
0
University of Illinois to Conduct CCSU Study at US Steel Gary Work

Strategic Research Institute
Published on :
23 Jun, 2022, 6:46 am

The United States Department of Energy’s National Energy Technology Laboratory, DOE NETL, has selected the University of Illinois Urbana Champaign’s Prairie Research Institute for an award of USD 3.6 million for Research & Development to support a Front End Engineering Design study on carbon dioxide removal technologies. The study will focus on the advancement of a direct air capture and utilization system, which can remove 5,000 tonnes per year of CO2 from ambient air and then permanently mineralize it in concrete products. If built, the designed system would be larger than any existing direct air capture system. DOE said that the advancement of DAC technology could play a critical role in conjunction with aggressive decarbonization in combatting the climate crisis and achieving Biden-Harris Administration’s goal of net-zero greenhouse gas emissions by 2050.

The study will be launched at US Steel’s Gary Works in Gary in Indiana using a DAC technology developed by CarbonCapture Inc. The technology will use the plant’s waste heat, energy, and location, so energy and transportation costs can be minimized. Once CO2 emissions are captured from the atmosphere, the liquefied gas will be transported to Ozinga ready mix concrete plants utilizing CarbonCure’s CO2 removal and utilization technologies, which inject the CO2 directly into the concrete as it is being mixed. When injected, the CO2 immediately mineralizes and is locked away in the concrete, never to return to the atmosphere.

Sargent & Lundy will provide the constructability review and costing of the DAC’s integration within the steel plant. Ecotek Group will design the infrastructure to connect the DAC system and the plant.

This FEED study will also provide data for Visage Energy Corp to assess the impact on job creation, regional economic impact, and environmental justice issues.

NETL is a US Department of Energy national laboratory that drives innovation and delivers technological solutions for an environmentally sustainable and prosperous energy future. Through its world-class scientists, engineers and research facilities, NETL is ensuring affordable, abundant and reliable energy that drives a robust economy and national security, while developing technologies to manage carbon across the full life cycle, enabling environmental sustainability for all Americans, advancing environmental justice and revitalizing the economies of disadvantaged communities. Leveraging the power of workforce inclusivity and diversity, highly skilled innovators at NETL’s research laboratories in Albany, Oregon; Morgantown, West Virginia; and Pittsburgh, Pennsylvania conduct a broad range of research activities that support DOE’s mission to ensure America’s security and prosperity by addressing its energy and environmental challenges through transformative science and technology solutions.

CarbonCapture is a US based climate technology company that develops modular direct air capture machines that filter carbon dioxide out of the atmosphere. The company also develops large-scale carbon removal projects using its proprietary DAC technologies, generating high-quality carbon removal credits for companies with net zero goals that seek to offset their hard-to-abate emissions. DAC-sourced carbon removal credits are the gold standard in offsets: measurable, verifiable, and permanent.

CarbonCure Technologies, a fast-growing carbon dioxide removal tech company, is on a mission to annually reduce and remove 500 million tonnes of carbon emissions by 2030, equal to taking 100 million cars off the road each year. CarbonCure’s suite of technologies permanently store captured CO2 in concrete through carbon mineralization and Verra verified CarbonCure’s methodology in 2021.

Ozinga is a fourth-generation family-owned American business in the construction materials industry. They make a positive impact on individuals, their families and the community for generations by providing concrete, aggregates and cement that help build a better future.

The University of Illinois' Prairie Research Institute applies scientific expertise in geology, ecology and biodiversity, archaeology, water, weather and climate, pollution prevention, hazardous waste management, and sustainable energy to benefit the people, economy, and environment of Illinois.

Sargent & Lundy is one of the longest-standing full-service architect engineering firms in the world. Founded in 1891, the firm is a global leader in power and energy with expertise in grid modernization, renewable energy, energy storage, nuclear power, fossil fuels and carbon capture.

Visage Energy for the last three decades has been heavily involved in the energy and industrial sectors and providing advisory services in terms of stakeholder engagement, market analysis and technology commercialization.
voda
0
Commercial Metals Company Posts Strong Results for Q3 Fiscal 2022

Strategic Research Institute
Published on :
23 Jun, 2022, 6:47 am

Irving Texas US headquartered steel maker Commercial Metals Company has announced Net earnings were USD 312.4 million for its fiscal third quarter ended 31 May 2022 on net sales of USD 2.5 billion as compared to prior year period net earnings of USD 130.4 million on net sales of USD 1.8 billion. Commercial Metals Company’s Chairman, President & Chief Executive Officer Ms Barbara R Smith said “The third quarter was another remarkable financial result for our Company, underpinned by strong operational execution and robust market conditions across our key geographies. I am extremely proud of CMC's financial achievements during the quarter, especially in Europe. CMC employees in Poland have opened their homes and communities in a heartfelt grassroots effort to assist refugees fleeing the war in Ukraine. Amazingly, while responding to dire humanitarian needs, our team produced record quarterly adjusted EBITDA that nearly matched the best annual performance in the history of CMC's Europe segment."

Ms Smith continued, "In late April, we welcomed Tensar to the CMC organization. Seeing the early results of the teams working together has only further reinforced our confidence in the strategic merits of this transaction and the potential for meaningful commercial synergies. With the onboarding of Tensar, CMC has added a highly attractive new growth platform and is creating a valuable and unique portfolio of solutions for existing and new markets."

Demand for CMC's finished steel products in North America was again robust during the quarter, with several key internal and external indicators pointing toward continued strength. Downstream bid volumes, a key indicator of the construction project pipeline, increased meaningfully from a year ago, resulting in the expansion of contract backlog levels. Demand from industrial end markets continued to trend positively, with most end use applications increasing compared to the prior year period. Shipment volumes of finished steel, which include steel products and downstream products, followed typical seasonal patterns, and were essentially unchanged from the prior year period. The average selling price for steel products increased by USD 316 per ton compared to the third quarter of fiscal 2021, while the cost of scrap utilized rose USD 103 per ton. The result was a year-over-year increase of USD 213 per ton in margin over scrap. The average selling price for downstream products increased by USD 281 per ton from the prior year period and USD 75 per ton on a sequential basis

The Europe segment reported record adjusted EBITDA of USD 121.0 million for the third quarter of fiscal 2022, up 142% compared to adjusted EBITDA of USD 50.0 million for the prior year quarter. The improvement was driven by a significant expansion in both shipment volume and margin over scrap. Similar to North America, underlying demand for steel products remained robust. Volumes of rebar, merchant bar, and wire rod increased on a year-over-year basis, assisted by the addition of a third rolling line, which improved production flexibility and the mill's ability to capitalize on favorable market conditions. During the first 12 months of operating the new rolling line, quarterly shipment volumes of finished products have increased 35% compared to the average of the preceding five years. As a result of continued strong demand and constrained supply in the wake of trade sanctions against Russia and Belarus, average selling price increased by USD 303 per ton compared to the prior year quarter, while the cost of scrap utilized rose USD 154 per ton. The result was a year-over-year increase in margin over scrap of USD 149 per ton.

Ms Smith added "We anticipate strong financial performance to continue in the fourth quarter. Robust demand for each of CMC's major product lines is expected to persist, augmented by our growing downstream backlog and solid levels of new work entering the project pipeline. Margins over scrap in both North America and Europe should remain at levels near those of the third quarter, driven by favorable market conditions across our geographies.”

Commercial Metals Company and its subsidiaries manufacture, recycle and fabricate steel and metal products and provide related materials and services through a network of facilities that includes seven electric arc furnace mini mills, two EAF micro mills, one rerolling mill, steel fabrication and processing plants, construction-related product warehouses, and metal recycling facilities in the United States and Poland. Through its Tensar division, CMC is a leading global provider of innovative ground and soil stabilization solutions selling into more than 80 national markets through its two major product lines: Tensar geogrids and Geopier foundation systems.
35.173 Posts, Pagina: « 1 2 3 4 5 6 ... 1537 1538 1539 1540 1541 1542 1543 1544 1545 1546 1547 ... 1755 1756 1757 1758 1759 » | Laatste
Aantal posts per pagina:  20 50 100 | Omhoog ↑

Meedoen aan de discussie?

Word nu gratis lid of log in met uw e-mailadres en wachtwoord.

Direct naar Forum

Detail

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 2.527.216
Volume gisteren 2.558.342