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voda 27 juli 2022 07:21

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US Finished Steel Import Market Share in H1 of 2022 at 25%

Strategic Research Institute
Published on :
27 Jul, 2.022, 6:42 am

The American Iron & Steel Institute reported that the US imported a total of 2.810 million net tons of steel in June 2022, including 2.204 million net tons of finished steel, up 2.3% MoM & down 6.0% MoM respectively. Finished steel import market share was an estimated 25% in June. Key steel products with a significant import increase in June compared to May are heavy structural shapes up 61%, ingots and billets and slabs up 51%, plates in coils up 29%, sheets and strip all other metallic coated up 16% and tin plate up 16%. In June, the largest suppliers were Canada 0.635 million net tons up 1% MoM, Mexico 0.521 million net tons up 8%, South Korea 0.299 million net tons up 28%, Brazil 0.200 million net tons up 57% and Russia 0.123 million net tons up 521%.

Over the 12-month period from July 2021 to June 2022, total and finished steel imports are up 38.2% and 50.1%, respectively, vs the prior 12-month period. Finished steel import market share is estimated at 25% over the first six months of 2022. Products with a significant increase in imports over the 12 month period July 2021 to June 2022 compared to the previous 12-month period include oil country goods up 125%, wire rods up 97%, cold rolled sheets up 69%, plates in coils up 69% and sheets and strip all other metallic coated up 61%.

Over the 12-month period July 2021 to June 2022, the largest suppliers were

1. Canada – 7.021,000 million net tons up 15% YoY

2. Mexico – 5.610 million net tons up 57%

3. Brazil – 3.347 million net tons down 17%

4. South Korea – 2.898 million net tons up 31%

5. Russia – 1.374 million net tons up 85%

voda 27 juli 2022 07:22

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First Coil Produced by Danieli QSP Mill at Nucor Steel Gallatin

Strategic Research Institute
Published on :
27 Jul, 2.022, 6:44 am

In order to extend the range of steel grades and increase strip production capacity, Nucor Steel Gallatin had contracted with Danieli to upgrade its hot-strip plant in Ghent in Kentucky in US. On 24 June the upgraded plant produced the first quality coil. It was an 18 mm thick strip which is a new product for the plant, obtained thanks to the installation of the new Danieli downcoilers. The new plant configuration,-from compact thin-slab casting and rolling plant into ultra-moder-Quality Strip Production plant, will allow Nucor Steel Gallatin to expand the production of AHSS, API line pipe and a number of other added-value grades, in widths up to 1,870mm.

The complete production will be delivered by a new, patented, single-strand vertical curved Dysencaster having a total capacity of up to 3.0 million short tons per year. A new tunnel furnace connects the caster to the revamped mill, which now operates in 2+6 mill stand configuration, featuring new roughing stands, advanced combined intensive and laminar cooling, and down coilers.

The revamped plant also includes a new, high-performance DC EAF featuring Q-Melt package and a twin ladle furnace, with future provision for a vacuum degasser. The plant is handled by a complete Danieli Automation process control, from melting to finished hot-rolled coils, ready for Industry 4.0.

voda 27 juli 2022 07:23

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SST’s Al Solution Optimize Product Quality at ArcelorMittal Bremen

Strategic Research Institute
Published on :
27 Jul, 2.022, 6:46 am

Berlin based Smart Steel Technologies' SST Casting Al software has been successfully integrated at ArcelorMittal Bremen. The software’s SST Casting Al and SST Surface Al are used to improve the casting process quality in the steel plant and reduce surface defects.

Smart Steel Technologies improves the surface quality of cold-rolled hot-dip galvanized strips for ArcelorMittal Bremen through SST Casting Al software for artificial intelligence

The SST software is efficiently used by the company to enhance the casting process in the steel plants' continuous casting plant

The efficient system for Al-based analysis of production data also serves as basis for the deployment of further optimization measures. Moreover, the usability of the surface inspection system has been improved through a centralized and plant-wide display of all detections as well as the use of robust defect classification based on SST’s proprietary deep learning technology. The software ensures a permanent quality improvement.

Product quality has been OPTIMIZED THROUGH THE USE OF Al at ArcelorMittal's Bremen site,

press@smart-steel-technologies.com

Smart Steel Technologies supports the steel industry in the transformation towards intelligent Al-supported optimized production. SST delivers Al software products that improve quality, optimize energy demand and ensure accurate management of C02 efficiency. Leading steel manufacturers both in Germany and abroad successfully use SST software 24/7 in production. The range extends from the production of high-quality automotive exposed grades to maximizing efficiency in the construction steel sector.

SST excels in a portfolio of professional Al-powered optimization packages. They lead to a permanent performance increase of 5-10% per process stage in 24/7 use. Across stages, this results in a significantly higher potential. At the same time, SST accompanies the steel manufacturer from the integration of the software to the complete achievement of the optimization goals with a high service level. For this, SST relies on its well-coordinated team of outstanding metallurgists, process experts and Al specialists.

voda 27 juli 2022 07:23

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HBIS & POSCO Expediting Construction of HBISPOSCO Automotive Plate

Strategic Research Institute
Published on :
27 Jul, 2.022, 6:48 am

China’s second largest steel maker HBIS & South Korean steel giant POSCO in a 22 July meeting in Shijiazhuang have exchanged views on accelerating the construction of HBIS-POSCO Automotive Plate project and jointly exploring new areas of cooperation. HBIS Chairman Mr Yu Yong He said “For a long time, the two sides have maintained a smooth exchange of high-level visits and a good strategic cooperative relationship. As globally competitive steel companies, both sides have a strong influence on Worldsteel, not only because of the size and volume, but also because of the contribution to reducing carbon footprint, promoting green development.”

HBIS and POSCO said that the new opportunities to upgrade China's auto consumption structure for China's new energy automotive steel market together with HBIS-POSCO Automotive Plate cooperation has received high attention and strong support of the Chinese government. When the joint venture operates, it will provide strong support to lightweight development for China's new energy automotive industry. It is believed that with the joint efforts of both sides, the project will surely become a model of practical cooperation between Chinese and South Korean enterprises.

HBIS-POSCO Automotive Plate is the biggest joint venture with a foreign investor in Chinese steel industry of the years. With the commencement of its construction, HBIS and POSCO are pursuing to be world leading producers of high standard automobile strips and a conic cooperation project of Chinese enterprises and Korean enterprises. The project has a total investment of CNY 4.125 billion, with HBIS and POSCO holding 50% shares respectively. It is building two continuous hot-dip galvanizing production lines in Tangshan Laoting Economic Development Zone in Hebei Province and brings into its ownership an existing automobile plate production line in Guangdong province, with an annual designed capacity of 1.35 million tonnes, which is planned to be completed and put into operation in 2023.

The new two main production lines adopt the world's leading equipment suppliers and the world's most advanced intelligent control technology. The products are mainly high-grade automotive panels, taking into account high-grade high-strength steel and household appliance panels. The thickness of the products is 0.3-2.3mm, the width is 800-1860 mm, and the maximum strength is 980 mpa. Major customers include Toyota, Honda, Nissan, Hyundai, BMW, Volkswagen and other global first-tier automobile brands and domestic mainstream automobile manufacturers. Among them, the GA alloy plated steel plate made by both parties will become the star product that will quickly enter the top automobile manufacturers.

voda 27 juli 2022 07:25

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Hoa Phat Reports 27% YoY Decline in Profit in H1 of 2022

Strategic Research Institute
Published on :
27 Jul, 2.022, 6:50 am

Vietnam’s leading steel maker Hoa Phat Group’s revenue amounted to VND 37,714 billion in April-June 2022 quarter and the profit after tax reached VND 4,023 billion. The cumulative of the first 6 months of the year recorded VND 82,118 billion in revenue and VND 12,229 billion in profit after tax, respectively reduced by 27% compared to the same period last year completing 46% of the year plan.

In the second quarter, output volume of billets, construction steel, and hot-rolled coils reached 1.8 million tonnes, of which approximately 380,000 tonnes of construction steel were exported. The consumption of steel pipe and galvanized steel reached 159,000 tonnes and 75,000 tonnes, respectively. Hoa Phat continues to maintain its market share as No 1 in Vietnam's structural steel 36.2% and steel pipes 28.8%.

The Hoa Phat Group produced a cumulative total of 4.3 million tonnes of crude oil in the first six months, an increase of 8% over the same period. Production steel, billet and HRC consumption reached nearly 4 million tonnes, an increase of 6% over the same period. Among them, construction steel was 2.38 million tonnes, a rise of 29% compared to the first six months of 2021. After six months, Hoa Phat's HRC sales reached 1.4 million tonnes, accelerating 7% over the same period. HRC downstream products such as steel pipes and galvanized sheets amounted to 377,000 tonnes and 180,000 tonnes, respectively, which corresponds to consumption in the first half of 2021.

voda 27 juli 2022 07:25

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US & UK Drop Tariffs on Brazilian Steel Imports

Strategic Research Institute
Published on :
27 Jul, 2.022, 6:52 am

Merco Press reported that Brazil's Economy Ministry has confirmed that the United Kingdom had decided to no longer apply protective tax measures on the import of steel plates and cold-rolled steel products. Economy Ministry also said that United States International Trade Commission has also decided to repeal the antidumping tariffs that had been levied on cold-rolled steel products from Brazil for more than five years.

According to the Ministry of Economy, the British authorities were convinced by the argument that the volume of Brazilian exports fell within the parameters of tax exemption authorized by agreements signed within the World Trade Organization. About a year ago, all steel plate and cold-rolled steel products that Brazilian steel mills sold to the United Kingdom above the maximum volume periodically revised by the British authorities were subject to a 25% surcharge.

The United States, on the other hand, will no longer charge additional duties that could reach 46%, 35% antidumping duty and 11% countervailing measure, on cold-rolled steel products bought from Brazil. According to the Ministry of Economy, the US decision applies exclusively to Brazilian products, while the protective measures applied to other countries have been maintained. On the same day, it revised the conditions for the import of steel products from Brazil, the United States International Trade Commission reassessed the protective measures applied to products from China, India, Japan, South Korea, and the United Kingdom.

With the elimination of the safeguards, Brazilian steel becomes more commercially competitive. The United Kingdom and the United States are two of the main markets for Brazilian steel products. Of the approximately USD 7.3 billion that Brazil exported in 2019, more than USD 3.4 billion went to the United Kingdom and the United States.

voda 27 juli 2022 07:26

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Hyundai Steel Reports Strong Profit in Apr-Jun’22 Quarter

Strategic Research Institute
Published on :
27 Jul, 2.022, 6:54 am

South Korea's second largest steel maker Hyundai Steel has reported 61% surge in consolidated net profit to KRW 567 billion (USD 433) in April-June 2022 quarter as compared to KRW 353 billion in April-June 2021. Operating income also rose by 52% YoY to KRW 822 billion as sales spiked by 31% YoY to KRW 7.38 trillion. Hyundai Steel has attributed the improved performance to strong demand for steel plates used for autos and ships and a rise in prices of key products.

Hyundai Steel said that it would focus on beefing up the production of high-priced steel and sales this year, expecting that demand from the construction sector and the auto making sector may decline due to increased costs and a parts supply shortage.

Hyundai Steel is headquartered in Incheon and Seoul in South Korea and is a member of the Hyundai Motor Group. It manufactures a wide variety of products ranging from H-beams, rail and reinforcing bars, to hot coil, cold-rolled steel, and stainless cold-rolled sheet etc.

voda 27 juli 2022 07:27

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Climate Group & ResponsibleSteel Launch SteelZero in India

Strategic Research Institute
Published on :
27 Jul, 2.022, 6:58 am

The international nonprofit Climate Group, in partnership with ResponsibleSteel, has launched SteelZero in India, a global initiative that brings together leading organizations to speed up the transition to a net zero steel industry. During the launch, leading Indian steel maker JSW Steel & Tata Steel as well as Steel Ministry, L&T and Maersk shared their support for the initiative and explored its potential to have a significant impact on investment, policy, manufacturing and production of net zero steel in India. JSW Chairman & World Steel Association Chairman Mr Sajjan Jindal said “The steel industry is committed to reducing the carbon footprint from its operations and from its end products. We support the role of SteelZero as a unifying demand initiative that seeks collaboration across the demand and supply ecosystem, jointly working towards speeding up the transition to a net zero steel industry. We welcome the launch of SteelZero in India.”

In the coming months, Climate Group will launch a Net Zero Steel Demand Outlook report based on the Indian steel demand landscape. Companies will then be invited to join working groups for individual steel-using sectors with the objective of supporting them in adopting net zero or low carbon steel. Climate Group will also publish an insights report for each identified sector resulting from the working group discussions.

India is the second-largest producer of steel after China. Emissions from India’s steel industry are projected to triple over the next three decades. The country’s push to meet its net zero targets will rely heavily on the decarbonization of its steel sector. SteelZero brings together businesses across the steel industry to make a public commitment to buy and use 50% low emission steel by 2030, setting a clear pathway to using 100% net zero steel by 2050.

SteelZero is a global initiative that brings together leading organizations to speed up the transition to a net zero steel industry. Organizations that join SteelZero make a public commitment to procure 100% net zero steel by 2050. By harnessing their collective purchasing power and influence, we’re sending a strong demand signal to shift global markets and policies towards responsible production and sourcing of steel. To become a member of SteelZero, organizations must make a public commitment to procuring, specifying or stocking 100% net zero steel by 2050 and an interim commitment to procuring, specifying or stocking 50% of its steel requirement by 2030. SteelZero members include

AP Moller Maersk

Barrett Steel

BHC

Billington Structures

B+M Steel

Bourne Group

Eiffage Métal France

Grosvenor Property UK

Iberdrola

Landsec

Lendlease

Mace Group

MetStructures

Morrow + Lorraine

Multiplex Construction Europe

Ørsted

Severfield plc

Siemens Gamesa

Smulders

Skanska UK

SKF

Vattenfall BA Wind

Volvo Cars

William Hare

WSP UK

voda 27 juli 2022 07:58

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MACA Bags 3 Civil Contracts from Roy Hill, Rio Tinto & MRPV

Strategic Research Institute
Published on :
27 Jul, 2.022, 6:30 am

MACA has been awarded a further civil works package with Roy Hill Iron Ore Pty Ltd at the Roy Hill iron ore operation in the Pilbara. The package consists of supporting Roy Hill with the Sierra Hydraulic Structure works, and is expected to generate AUD 16 million of revenue, with delivery of the works commencing July 2022 and expected to run through to the end of the calendar year. The Roy Hill project is owned by Hancock Prospecting, Marubeni, POSCO and China Steel Corp,, and is located 115 km north of Newman in Western Australia’s Pilbara region.

MACA has been awarded an early works contract on Rio Tinto's Western Range Project, which is expected to generate approximately AUD 60 million in revenue. The Project pre-approval works consists of construction of a camp pad and access road, in addition to crushing and screening work. The delivery of the works will commence in the second half of 2022 for duration of approximately 12 months. The Western Range Project is located 8km west of Paraburdoo in the Pilbara region of Western Australia.

MACA has been awarded the contract to build the eastern package of the Hall Road Upgrade by Major Road Projects Victoria, which is expected to generate approximately AUD 40 million of revenue. Delivery of the works is expected to commence with the design component in mid-2022 and run through to 2024. This is the second contract MACA has been awarded by MRPV as part of the Program Delivery Approach, which delivers panel-based procurement during the tendering stage, resulting in Incentivised Target Cost Model agreements to deliver works. It follows the award of the Golf Links Road Upgrade in 2021, which MACA is currently delivering.

voda 27 juli 2022 08:47

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Global headwinds hamper merchant slab trade
195 Views

Major headwinds affecting global finished products markets and squeezing feedstock prices continue to hinder merchant slab trade, with a softening dynamic prevailing in the past fortnight.

Amid declining finished and raw materials prices, re-rollers are either bidding lower or withholding enquiries, as they assess their restocking needs, aware of the possibility of further output cuts going into the third quarter. Demand picked up in mid-July, but has now waned again, with only a few mills enquiring, market participants tell Kallanish.

Remaining demand is coming largely from Europe and the Americas, served by Brazilian suppliers, who reduced their offers to $650-660/tonne fob after selling several cargoes early in the month at $680-700/t fob. The lower offers produced another sale to Europe last week, as well as more enquiries that have thus far not resulted in any sales.

Amid the relatively wide pool of interest from higher paying markets, Brazilian slab suppliers may take time in evaluating their best selling options, traders note. This places Turkey, again, back into the Russian slab export market, where offers have not declined much, as compared to $500/t cfr Turkey two weeks ago. Bid indications however do not exceed $450/t cfr, sources note, and are relatively scarce, on the back of Turkey's flat product price reductions and rising uncertainty over third-quarter sales.

There were no slab offers seen from Indian suppliers after a series of sales to various regions at around $500-510/t fob India during the first half of July. But more Indian slab quotes are expected, as demand and prices of finished flat steel remain weak, and Russian hot rolled coil is available at lower prices, further undercutting Indian flat steel suppliers.

Demand from China is weak, but regular volumes are being sold there, according to traders, at low prices. The latest sales were spoken about in the market having been done at $480-485/t cfr, but could not be confirmed by press time. This price level roughly corresponds to other Asian slab-buying destinations, with no deals made in the last fortnight.

Katya Ourakova UK

voda 27 juli 2022 10:10

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Coking Coal Slips below USD 200 Mark

Voor meer, zie de pdf in bijlage.

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voda 28 juli 2022 06:53

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Metinvest’s ZCMP Develops Lances for Blast Furnace

Strategic Research Institute
Published on :
28 Jul, 2.022, 6:29 am

Metinvest’s Zaporizhzhia Casting & Mechanical Plant has developed production of blast lances for blast furnace production since the beginning of Russian invasion of Ukraine. Zaporizhzhia Casting & Mechanical Plant team started working on the development of a new type of product in May. . The most difficult stage in the production of the lance turned out to be working with copper due to the complex setting of the welding process of metal parts, on which the tightness of the structure depends.

Now Zaporizhzhia Casting & Mechanical Plant is planning to produce lances not only for Zaporizhstal, but also for Kametstal steelmakers.

Zaporizhzhia Casting & Mechanical Plant was founded in August 2016 on the basis of the production facilities of the mechanical, foundry and steel structures workshop of the Zaporizhstal plant. The plant plans to produce and repair parts for Metinvest enterprises – Zaporizhstal, Kametstal, Metinvest Pokrovskcoil and Kryvyi Rih mining and processing plants. In addition, the enterprises intend to produce new types of products & spare parts for mining and lifting vehicles.

voda 28 juli 2022 06:54

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Tubos Reunidos Back in Black in H1 of 2022

Strategic Research Institute
Published on :
28 Jul, 2.022, 6:12 am

Bilbao Spain based Spanish seamless tube supplier Tubos Reunidos has returned to profit in January-June 2022 with EUR 1.9 million earnings, after 8 years in losses and receiving EUR 112.8 million from the Companies Solvency Support Fund a year ago Sepi strategies. The group’s shipments reached 120,663 tonnes in H1, 64% more than in the previous six months and 84% higher YoY. The sales revenue in H1 moved up by 113% versus July-December 2021 to EUR 228.7 million and by 99% YoY, with the North American market representing EUR 104.9 million. The company posted Ebitda of EUR 14.5 million in H1, an improvement of EUR 25.4 million compared to a negative UR 10.9 million in the same period of 2021.

Tubos Reunidos has attributed it to an improvement in activity as a result of strong demand and the passing on of increased costs to sales prices, together with efficiency measures in its Strategic Plan. Tubos Reunidos said “This increase in sales is due to the strong demand for tubes by the oil and gas sector and the pass-through to prices of rising costs and raw materials, which has led to record tube prices.”

Tubos Reunidos said “The preliminary anti-dumping measures announced by the US against a number of countries that are major exporters of OCTG to the upstream sector, such as Mexico, Argentina, Russia and South Korea, have led to price increases and shortages. Concern about potential difficulty procuring OCTG is benefiting Tubos Reunidos’s sales. In this scenario, the Group’s portfolio is mainly based on commodity products, albeit at prices significantly higher than usual due to the current rising costs as well as the upbeat signs from the demand point of view.”

Tubos Reunidos said remains focused on selling OCTG green pipe for the upstream sector and pipe for the midstream and mechanical sectors, which is likely to be extended until the end of the year. It will pivot towards higher value-added and alloyed pipe in 2023, as downstream order intake recovers supported by the resumption of large power generation, as well as refining and petrochemical projects.

Tubos Reunidos said “The improvement seen in H1 2022 means that we can look to the rest of the year with moderate optimism. We have a large order book and the market is showing positive signs in terms of demand, but weathering the uncertainty and the challenges that it brings will undoubtedly remain the key focus.”

voda 28 juli 2022 06:55

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Tree Island Steel Reports Strong Results for H1 of 2022

Strategic Research Institute
Published on :
28 Jul, 2.022, 6:14 am

Vancouver based Canadian steel wire & wire products maker Tree Island Steel has reported CAD 49.9 million YoY increase in revenues in January-June 2022 to CAD 191.1 million when compared to 2021. The increase is primarily due to pricing increases across all market segments. Gross profit increased to CAD 42.4 million from CAD 29.5 million. The higher gross margins also resulted in an Adjusted EBITDA of CAD 38.0 million, compared to CAD 25.4 million during the same period in 2021.

Shipments of a variety of agricultural products, also experienced growth over prior year second quarter, driven particularly by ongoing Canadian market demand. Combined with industrial wire sales, overall Canadian volume showed growth across market segments in the quarter.

Tree Island Steel President & COO Mr Remy Stachowiak said “Selling prices were higher in the April-June quarter, recovering inflationary cost increases in our raw materials, freight, labour and utilities. We are cautious in our views on the steel wire and wire product outlook from current volatility in economic conditions. We are closely monitoring future demand with the goal of maintaining a close alignment between raw materials purchases and inventory positions.”

Tree Island Steel, headquartered in Richmond, British Columbia since 1964, through its four operating facilities in Canada and the United States, produces wire products for a diverse range of industrial, residential construction, commercial construction and agricultural applications. Its products include galvanized wire, bright wire; a broad array of fasteners, including packaged, collated and bulk nails; stucco reinforcing products; concrete reinforcing mesh; fencing and other fabricated wire products. The Company markets these products under the Tree Island, Halsteel, K-Lath, TI Wire, ToughStrand and ToughPanel brand names.

voda 28 juli 2022 06:58

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ArcelorMittal Kryvyi Rih Suspends Iron Ore Operations

Strategic Research Institute
Published on :
28 Jul, 2.022, 6:16 am

ArcelorMittal Kryvyi Rih, which is facing severe logistics issues for shipment of products for export due to the blockade of the ports at 5 times higher costs, has decided to stop the mining and processing plant from August 2022 for the next three months. ArcelorMittal Kryvyi Rih said “Preserving the working group remains the No 1 priority for the company’s management in these most difficult times. In order to preserve all jobs, the company will keep a special work schedule in place in August: most staff, including management and foreign workers, will work at 2/3 of the workload. Employees of the mining department will also be paid 2/3 of the salary despite the shutdown. As the company notes, the temporary stoppage of iron ore plant is due to a decrease in activity in Europe against the background of the risk of recession and a significant increase in costs for the railways delivery.

In addition, ArcelorMittal is forced to stop paying average wages to mobilized workers, while keeping their jobs and positions. ArcelorMittal Kryvyi Rih “This is a painful decision, but the only opportunity to avoid layoffs among the company’s 22,000 employees.”

ArcelorMittal Kryvyi Rih CEO Mr Mauro Longobardo said “Neither the financial crisis of 2008, nor the coronavirus pandemic, no tests have ever forced ArcelorMittal to reduce working hours and pay salaries. Difficult decisions this year show that this is an unprecedented situation for all of us, in which the most important thing is to survive. I am sure that we will definitely come out of these difficult times hardened, victorious and all together.”

Mr Longobardo also said “I am sincerely grateful to each of our two thousand workers who defend their country. These are real heroes. We are very much looking forward to them at home and at our company. But my responsibility as a manager is also to take care of tens thousands of their colleagues who work accompanied by constant sirens and alarming messages. A reduction in payments to mobilized workers will allow continuing to pay salaries and avoid workers’ layoffs in Kryvyi Rih. For those who work here, in the rear, the salary from the company is the only source of income. We will protect every workplace as long as possible.”

ArcelorMittal Kryvyi Rih had earlier transferred from July a large part of employees, including top management and foreign workers, for 2/3 of the workload due to the inability to pay salaries in full.

Bijlage:

voda 28 juli 2022 06:58

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3 Injured in Accident at TimkenSteel Faircrest Plant in Ohio

Strategic Research Institute
Published on :
28 Jul, 2.022, 6:19 am

News 5 reported that 3 employees of TimkenSteel Faircrest Plant in Canton in Ohio were taken to the hospital after an explosion at the facility. Perry Township Fire Department Chief Mr Larry Sedlock with told News 5 that when his team arrived a little after 10:30 PM on Tuesday night, they found boxes on fire all over the plant. He told “It was a bad situation last night. We found out the boxes were ignited from an explosion from within the second floor of the melt shop there, which blew fire and debris out the building and out the windows which ignited the boxes on fire.”

TimkenSteel said “We received a report at approximately 10:30 PM EDT on July 26, 2022, of an incident at TimkenSteel’s Faircrest plant in Canton in Ohio. TimkenSteel employees immediately responded and contacted emergency services and three employees were transported to the hospital for treatment and evaluation. The safety and wellbeing of our employees is a top priority, and we are continuing to investigate the cause of the incident.”

TimkenSteel spun off as its own company from The Timken Company in 2014. TimkenSteel creates tailored steel products and services for demanding applications & supplies large alloy steel bars up to 16 inches in diameter and seamless mechanical tubing made of its special bar quality steel, as well as supply chain and steel services. Faircrest Steel Plant features more than 20 acres under its roof on a 450 acre site near Canton in Ohio and houses individual steelmaicing, ingot and continuous casting and steel processing facilities. Since the plant's first 175-ton electric arc furnace poured its initial heat of steel on in 1985, the Faircrest Steel Plant became one of the industry’s most advanced alloy steel manufacturing facilities m the world.

voda 28 juli 2022 06:59

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POSCO Shares Secondary Battery Materials Vision

Strategic Research Institute
Published on :
28 Jul, 2.022, 6:36 am

Since developing lithium extraction technology in 2010, South Korean steel giant POSCO has been striving to build a value chain for supplying secondary battery materials, such as cathode anode materials business, reinforcement of secondary battery materials business such as the acquisition of Argentina’s lithium salt lake, equity investment in Australian lithium nickel and Tanzania graphite mines, expansion of secondary battery recycling business and establishment of next-generation secondary battery materials capabilities. POSCO has held 2022 LiB Materials Business Value Day to reveal the role and growth goals of the holding company and to introduce the performance and future vision of the secondary battery materials business. In particular, this event provided a virtual experience opportunity using the latest videos from global business sites such as salt lakes in Argentina, lithium and nickel mines in Australia, and POSCO HY Clean Metal to enhance the understanding of attendees.

About 150 people attended the event held at the POSCO Center on the 5 July, including POSCO Holdings Corporate Strategy President Mr Jung-Seon Jeon, Senior Executive Vice President Green Materials & Energy Business Mr Byeong-Og Yoo Executive Vice President LiB Materials Business Project Mr Kyung-Seop Lee, Senior Executive Vice President Energy Material Mr Dae-Heon Jung domestic and foreign institutional investors, and analysts of securities companies.

Cathode Anode materials business has been solidly laying the foundation for growth based on POSCO Group’s raw material competitiveness and plans to secure competitive advantage and lead the market by developing cathode anode materials for the next-generation secondary batteries, diversifying portfolio of products, establishing global production capabilities in North America, Europe, and China and expanding strategic partnership.

POSCO Group is the only company in the world that establishes a value chain that produces and supplies materials for secondary battery materials such as lithium, nickel, and graphite, precursors, as well as cathode and anode materials and materials for next-generation secondary batteries. Through this, the company plans to establish a production and sales system of 610,000 tonnes of cathode materials, 320,000 tonnes of anode materials, 300,000 tonnes of lithium, and 220,000 tonnes of nickel by 2030 to achieve sales of KRW 41 trillion in the secondary battery material business alone.

In the future, POSCO Group aims to diversify its steel-oriented business structure and establish a growth structure in which sales and operating profit of steel, eco-friendly future materials, and eco-friendly infrastructure business sectors are balanced by 2030.

Meanwhile, POSCO Group held a POSCO Group LiB Materials Business Value Day for overseas investors in Singapore on 7 July and will continue to hold a briefing session in the form of Value Day to expand investor communication.

voda 28 juli 2022 07:00

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Indian Metals & Ferro Alloys Reports 36% YoY Surge in Apr-Jun’22

Strategic Research Institute
Published on :
28 Jul, 2.022, 6:37 am

India's leading ferrochrome producer Indian Metals & Ferro Alloys has reported a net profit of INR 133.8 crores in April-June 2022 quarter, up 36% YoY, with total revenues of INR 743.4 crores, up 38% YoY. IMFA Managing Director Mr Subhrakant Panda said “Despite weaker global economic growth, IMFA has posted a robust set of numbers for the first quarter. We as producers expect margins to sustain in view of correction in input costs and currency devaluation. The company's Balance Sheet is exceptionally good being debt free, and there is more than adequate liquidity to push ahead with our expansion plans to thrive. Even as commodity prices have corrected on the back of continuing uncertainty due to geopolitical developments and weaker global economic growth, IMFA has posted a robust set of numbers for the first quarter. Our fully integrated business model coupled with long-term offtake arrangements sets us apart from our peers; going ahead, we expect margins to sustain in view of the correction in input costs and currency devaluation.”

April-June 2022 Quarter

FeCr Production - 63,760 tonnes, up 9% YoY

Revenues of INR 743.4 crore, up 38% YoY

Exports - 710.5 crore, up 43% YoY

EBITDA – INR 224.7 crore, up 27% YoY

PAT – INR 133.8 crore, up 36% YoY

Established in 1961 in the Eastern State of Odisha known for its rich natural resources, IMFA is India’s leading fully integrated producer of value added ferrochrome with 190 MVA installed furnace capacity backed up by 204.55 MW captive power generation capacity (including 4.55 MW solar) and extensive chrome ore mining tracts.

voda 28 juli 2022 07:11

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ArcelorMittal voldoet aan verwachtingen
Gaat eigen aandelen inkopen.

(ABM FN-Dow Jones) ArcelorMittal heeft in het tweede kwartaal van 2022 een vrijwel zelfde winst geboekt als een jaar eerder. Dit bleek donderdagochtend uit de kwartaalcijfers van de staalreus.

CEO Aditya Mittal benadrukte dat de staalreus voor het vijfde kwartaal op rij een EBITDA boekte van meer dan 5 miljard dollar. En ook over de toekomst is de topman positief. "De langetermijn vooruitzichten voor staal blijven positief."

ArcelorMittal boekte afgelopen kwartaal een EBITDA van 5,2 miljard dollar. In het eerste kwartaal was dit 5,1 miljard dollar, net als in het tweede kwartaal van 2021.

Analisten hadden gerekend op een EBITDA in het afgelopen kwartaal van 5,1 miljard dollar.

Op een omzet van 22,1 miljard dollar behaalde de staalreus een nettowinst van 3,9 miljard dollar.

In het tweede kwartaal van 2021 boekte ArcelorMittal een omzet van 19,3 miljard dollar en een winst van 4,0 miljard dollar. In de eerste drie maanden van dit jaar lag de omzet op 21,8 miljard dollar.

Analisten mikten op een nettowinst van 3,7 miljard dollar en een winst per aandeel van 4,05 dollar. De winst per aandeel kwam uit op 4,25 dollar.

ArcelorMittal kondigde een nieuw aandeleninkoopprogramma aan van 60 miljoen aandelen. Tegen de huidige koers is dit inkoopprogramma goed voor een bedrag van circa 1,4 miljard dollar.

Eind juni had de staalreus een schuld van 4,2 miljard dollar. Dat was eind 2021 4,0 miljard.

Door: ABM Financial News.

info@abmfn.nl

Redactie: +31(0)20 26 28 999

voda 28 juli 2022 07:12

0

O’Neal Manufacturing Plans Steel Fabrication Center in Fayette

Strategic Research Institute
Published on :
28 Jul, 2.022, 6:39 am

Alabama’s Commerce Secretary Mr Greg Canfield announced that O’Neal Manufacturing Services plans to invest USD 5.5 million to open a 130,000-square-foot steel fabrication facility in Fayette in Alabama as part of a project that will create 70 full-time jobs within three years after operations commence. The company’s custom steel fabrication center in Fayette will feature robotic and manual welding stations, a beam-cutting line, wet paint booth, press brakes, plasma cutting, and saw cutting capabilities to support medium to heavy-gauge steel fabrication.

O’Neal Manufacturing Services provides quality carbon steel and aluminum parts for customers that manufacture equipment for construction, agriculture, materials handling, transportation, and other industries.

O’Neal Manufacturing Services is a subsidiary of Birmingham-based O’Neal Industries, the nation’s largest family-owned network of metal service centers and component and tube manufacturing businesses. The new Fayette facility, located in an existing building, brings the company’s total North American locations to 10.

Vertraagd	23 mei 2024 17:35
Koers	23,740
Verschil	-0,180 (-0,75%)
Hoog	23,930
Laag	23,690
Volume	2.171.312
Volume gemiddeld	2.543.351
Volume gisteren	2.253.844

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