Beursonline.nl

voda 3 november 2022 07:49

0

Indian HRC exporters eye short lead time premium
183 Views

Indian hot rolled coil exporters have dropped offers to bring momentum to overseas deliveries. Indian quotes are nevertheless still higher than other major suppliers, mainly in anticipation that buyers will pay a premium for Indian material due to shorter lead times, sources tell Kallanish.

The drop in export offers is also attributed to the recent fall in domestic demand and falling sentiment in the retail market.

This week, initial quotes for boron-added 2mm+ structural grade HRC plunged $20-30/tonne on-week to $585-590/t cfr Gulf Cooperation Council, equating to $560-565/t fob India for December shipment. Sources inform of receiving offers from Indian mills at $585/t cfr levels and through traders at $590/t cfr GCC. Meanwhile, bids were heard at $560-565/t cfr.

“India has dropped its offers, but it is still $20-25/t costlier than Chinese material,” informs a source. “India is slow in reacting to the market sentiment and revises its price only after the other origins finish their order books … It seems they [India] enter the competition on the back of their only advantage of shorter lead times for deliveries.”

“The future looks elusive,” a senior industry source answered when asked about the HRC market outlook. “After this fall, Indian mills are not willing to proactively drop their quotes any further and buyers are hesitant to bid on the upper side,” he adds.

Amid last week’s booking hustle and bustle in Turkey, an Indian major reportedly offered structural grade HRC at $590/t cfr Turkey; however, the deal was not concluded. Sentiment is bearish in the region and importers are eyeing to procure cargoes with very short lead times.

Vietnam continues to remain elusive for Indian HRC; most Indian mills believe selling to Ho Chi Minh City is not viable for them, meaning no offers were heard there.

Indian structural grade HRC offers to Europe are noted at $615-620/t cfr, but buyers are seen procuring material from other origins at below €600/t ($593.35) cfr Europe. Offers for boron-added DC-01 grade cold rolled coil are meanwhile heard at $720-730/t cfr Antwerp.

Meanwhile, in the domestic Indian market, offers for E250-grade HRC plunged to INR 56,000/t ($676.76) ex-Mumbai. Quotes for E350 and GI are heard at INR 58,500-59,000/t and INR 64,500/t ex-Mumbai, respectively.

Indian companies are expected to push to increase overseas deliveries to fill order books. Mills are facing reluctance from domestic buyers to book HRC at higher prices, owing to which there is an influx of Chinese, Japanese and Russian offers into India.

Chinese offers for base HRC are noted at $540-545/t cfr Mumbai, and Russian offers at $580/t cfr Mumbai. Japanese mills reduced their quotes to $570-575/t cfr Mumbai following a deal conclusion for 20,000 tonnes of HRC at $580/t at end-October.

Sayed Aameer India

voda 3 november 2022 07:50

0

Asian competition pressures Russian HRC prices
467 Views

Russian hot rolled coil export prices are tracking the general downtrend in major export destinations, challenged by competition from Asian suppliers in Russia’s remaining export outlets, Kallanish observes.

After offers peaked at around $600/tonne fob Black/Baltic Sea in very late September/early October, they have been slowly descending, reaching $560-570/t fob Black Sea last week. This week, indications are already expected to be circling $550-560/t fob, but there are no firm offers from Russian suppliers. They are having to contend with much lower Asian-origin offers, amid China's pricing meltdown, with Chinese offers at around the same level but on a cfr basis, traders say.

Russian HRC offer indications do adjust down in accordance with the geography: the longer the voyage, the lower the fob prices. As such, Turkish mills are expecting to receive offers not exceeding $600/t cfr this week – netting back to around $560/t fob. Middle East and North African buyers were receiving indicative offers at around $575-580/t cfr, for larger quantities and with longer lead times, netting back to around $525-530/t fob. India had offers at $580-590/t cfr, netting back to around the same as offers to MENA.

But none of the buyers were heard negotiating purchases, either due to prices being too high, or as a self-sanctioning measure, traders say.

Turkey is expected to book some volumes, provided they are offered with relatively short lead times and fitting prices, traders add. Turkish re-rollers and processors booked vast quantities of Asian material in the past two weeks, and are well provided for first-quarter arrivals, but December/early-January deliveries are still being considered.

Turkish buyers are expected to be bargaining hard, aware of Russian material facing tough competition from Asia and a strict sanctions regime. But Russian mills are likely to oblige also, traders add, and offer concessions, especially for large volumes.

Katya Ourakova UK

voda 3 november 2022 11:04

0

Meer omzet en winst voor Outokumpu

Minder leveringen voor Aperam-concurrent.

(ABM FN-Dow Jones) Outokumpu heeft in het derde kwartaal de omzet en het resultaat zien stijgen. Dit meldde de Finse fabrikant van roestvast staal donderdagochtend.

De concurrent van Aperam meldde een omzet die op jaarbasis steeg van 1,85 miljard naar 2,34 miljard euro bij een aangepaste EBITDA van 304 miljoen euro tegen 288 miljoen euro in het derde kwartaal van 2021.

De staalleveringen daalden wel, van 546.000 ton naar 491.000 ton.

De operationele kasstroom liep op van 180 miljoen euro naar 238 miljoen euro, terwijl de nettoschuld afnam naar 90 miljoen euro, waar deze op 30 juni van dit jaar nog op 289 miljoen euro stond.

Outlook

Outokumpu verwacht dat de staalleveringen in het lopende vierde kwartaal vlak tot 10 procent lager uitvallen dan in het derde kwartaal van 2022.

De aangepaste EBITDA zal in het vierde kwartaal ook lager uitvallen dan in het derde kwartaal.

Verder meldde Outokumpu dat het 20 miljoen eigen aandelen zal gaan inkopen of voor maximaal 100 miljoen euro, "na het beste derde kwartaal in de geschiedenis van Outokumpu" en de laagste nettoschuld ooit, aldus CEO Heikki Malinen.

Door: ABM Financial News.

info@abmfn.nl

Redactie: +31(0)20 26 28 999

voda 4 november 2022 06:46

0

Klöckner & Co Reports Strong Earnings in Jan-Sep 2022

Strategic Research Institute
Published on :
4 Nov, 2022, 5:16 am

Duisburg headquartered leading German steel processor & distributor y Klöckner & Co has reported increased sales, mainly due to higher steel and metal prices, by a very considerable 36.5% to EUR 7.4 billion in the first nine months of 2022 and adjusted EBITDA) of EUR 439 million as compared to EUR 678 million in 9 months of 2021. Net income was consequently EUR 301 million as compared to EUR 490 million in 9 months of 2021

Klöckner & Co CEO Mr Guido Kerkhoff said “Despite the challenging economic environment, we have continued to systematically pursue our strategy and achieved key milestones. With the launch of Nexigen®, our new brand for CO2-reduced products and services, we are underscoring our ambition as a pioneer of a sustainable steel industry. Having already established our role as digital pioneer for the future of our industry, this further reinforces our position as a reliable partner at our customers’ side.”

Klöckner & Co anticipates that the fourth quarter will bring a seasonal and price-driven considerable decrease in shipments and sales relative to the preceding quarter. As a result of the significant steel price correction, the active inventory reduction in the prevailing macroeconomic environment and the inventory writedowns, the Company expects EBITDA before material special effects to be around EUR 400 million in 2022.

voda 4 november 2022 06:47

0

Olympic Steel Expects Decline in Metal Prices

Strategic Research Institute
Published on :
4 Nov, 2022, 5:19 am

Cleveland headquartered US’s leading metals service center Olympic Steel has reported Net income for the third quarter totaled USD 12.0 million as compared with net income of USD 44.5 million in the third quarter of 2021. Adjusted EBITDA for the third quarter of 2022 was USD 25.3 million, compared with USD 70.5 million in the third quarter of 2021. The Company reported sales totaling USD 634 million in the third quarter of 2022, compared with USD 668 million in the third quarter of 2021.

Olympic Steel CEO Mr Richard T Marabito said “Our third-quarter performance is further evidence that our strategy to diversify into higher-return, value-added products and services through acquisitions and organic growth has strengthened Olympic Steel. As expected, metals pricing significantly declined during the quarter and macroeconomic uncertainty caused by ongoing supply chain constraints, labor shortages and inflation continued”

Mr Marabito said “While we expect metals pricing to decline further and pressure profit margins in the fourth quarter, we are confident that we have reduced the impact of market cyclicality on our business. We anticipate strong cash flows and further debt reduction in the fourth quarter.”

voda 4 november 2022 06:47

0

TUBACEX Reports Best Ever EBITDA for Q3 of 2022

Strategic Research Institute
Published on :
4 Nov, 2022, 5:20 am

Llodio Spain based stainless steel tube maker TUBACEX has presented its results for the first nine months of 2022 to the CNMV, in which the company’s recovery is consolidated. At the start of the year, TUBACEX set out to exceed the results obtained in 2018 and 2019, and it has already fulfilled its objective in the first nine months of the year, confirming that it will close the year better than initially foreseen. Thus, EBITDA stands at EUR 67.3 million, with profit before tax of EUR 20.3 million reflecting the company’s competitiveness in the current environment, marked by high inflation. The quarterly EBITDA has amounted to EUR 24.8 million, the highest since the last quarter of 2007, with a margin of 14.3% over sales.

Sales between January and September 2022 have amounted to EUR 527.1 million, doubling those for the same period last year. It is also noteworthy that the positive rate of order intake has continued, which keeps the backlog above EUR 1,500 million, the highest ever.

TUBACEX CEO Mr Jesús Esmorís said “it is undeniable that the current macroeconomic environment is extremely complicated, but our target sectors are now expanding after many years of under investment. These results reflect the progressive recovery of all the business units of the Group, thanks to the cost reduction plan carried out at a global level. The inflationary situation that we are experiencing is causing a general increase in all costs, the effects of which TUBACEX is at least managing to transfer to the market.

TUBACEX has carried out different organic growth projects in key products that have been launched in 2022. One of the world’s main hubs for the production of Oil&Gas will be Guyana, so TUBACEX has a new production plant up and running in this country through its NTS subsidiary, with projects aimed at major clients, such as Exxon or Schlumberger. It also has operational presence in Kazakhstan, with an initial order from KPO – the joint venture between Royal Dutch Shell, Eni, Chevron, Lukoil and KazMunaiGas- that has been received and invoiced. It also has a local service and repair center in Brazil for the supply of OCTG to Petrobas, with the aim of improving the global value proposition in the country. These projects, along with the newly built plant in Durant (USA), have been launched over the past two years and enable the company to be closer to the end-users and diversify its global presence.

voda 4 november 2022 06:48

0

Northwest to Supply Water Transmission Pipes for San Diego's PWP

Strategic Research Institute
Published on :
4 Nov, 2022, 5:21 am

Vancouver Washington headquartered US’s leading manufacturer of water-related infrastructure including engineered pipeline systems and precast products Northwest Pipe Company has been selected by Sukut Construction and the City of San Diego to manufacture engineered steel pipe for the Pure Water Program Morena Conveyance South and Middle Project.

Northwest Pipe Company is manufacturing over 4,860 tons of engineered steel pipe with cement mortar lining and a tape wrap coating with a cement mortar overcoat. The project primarily consists of over six and a half miles of parallel 30 and 48-inch pipelines. The Company will manufacture the pipe at its Adelanto, California facility and expects to start delivery in the first quarter of next year. The Company recently produced 3,220 tons of steel pressure pipe for the North

The Pure Water Pipeline includes 11 different projects that will clean recycled water to produce 30 million gallons per day of high-quality purified water. The City is utilizing proven water purification technology to turn recycled water into safe, high-quality drinking water while reducing the amount of treated water discharged into the ocean. This cost-effective treatment will provide a reliable, sustainable water supply and reduce the City's dependence on imported water.

voda 4 november 2022 06:49

0

AISI Releases GHG Emissions Guidelines for Steel Sector in US

Strategic Research Institute
Published on :
4 Nov, 2022, 5:23 am

The American Iron and Steel Institute has released recommended steel industry greenhouse gas emissions calculation guidelines to provide consistent and comprehensive data across the industry on GHG emissions from steel production, with a focus on product-level disclosures and corporate-level reporting. The proposed guidelines are the result of months-long collaboration with key American steel producers and Institute staff.

Highlights of the recommendations for GHG emissions calculation are:

Calculations should include a comprehensive “cradle-to-gate” (all processing steps required to manufacture a defined product) scope analogous to Scope 1, 2, and upstream raw materials, energy, and transportation Scope 3 emissions

Calculation of direct (Scope 1) emissions should use the EPA GHG Reporting Rule methodology for US based facilities, with the addition of those facilities below the 25,000 metric tons CO2e per year reporting threshold

Emissions from the purchase of electricity should be based on local electricity grid factors and reflect renewable energy instruments in specified instances

Emissions should be calculated at the product level for trade, procurement, and environmental product declaration purposes, while a company-wide basis should be used for corporate reporting

AISI President & CEO Mr Kevin Demp said “The American steel industry’s leadership on reducing emissions is well-known, but there are often disparate sources and avenues for calculating and reporting. Our industry wants to remain transparent, accurate and outspoken in our advocacy on decarbonization-related activities and these guidelines can be an important tool to achieve those goals. A consistent set of data will help ensure policymakers and other stakeholders employ the most accurate information in their decision-making. The recommendations are not intended to be a formal industry standard, but a means to inform efforts underway by American and international steel producers and others working to develop GHG emissions calculation methodologies.”

voda 4 november 2022 06:50

0

Construction Industry Activity in Europe Set to Loose Momentum

Strategic Research Institute
Published on :
4 Nov, 2022, 5:24 am

The European Steel Association EUROFER in latest Economic Report for Q4 of 2022 said “Construction output fell in 2020 by 4.8%, due to the COVID-19 pandemic, then rebounded in 2021 by 7%. The outlook for 2022 forecasts higher growth than previously estimated at 5.6% due to bullish developments over the first half of the year. However, this trend is expected to ease substantially over the forthcoming quarters. Due to the impact of rising construction material prices growth in construction and increasing scarcity of construction materials as well as construction workers' shortage in many EU countries, coupled with the overall economic slowdown due to the war in Ukraine, growth in construction output is set to lose speed over the forthcoming quarters and to experience drops in the fourth quarter of 2022 and the first quarter of 2023.”

EUROFER said “The figures observed since the first quarter of 2021 reflect the continued quarter-on-quarter improvement in the construction activity and the vigorous boost of governmental support schemes at EU and national level. This has especially benefitted the private residential and civil engineering sub-sectors.

In line with real production volumes, in the second quarter of 2022 gross fixed investment in construction increased by 2.6% on a yearly basis. This was the sixth consecutive quarterly increase after 4.7% in the preceding quarter).”

EUROFER said “Growth was fuelled by residential investment, despite the expectations of future higher mortgage rates due to the announcements of monetary policy tightening to curb inflation. Growth continued to be boosted also by generous housing and renovation supporting schemes in place in many EU Member States. Positive developments were seen also in 'other construction' investment, particularly in civil engineering. Its expansion should continue during the second half of 2022, as governments have been using it since the COVID-led recession of 2020 as a cyclical tool (thanks also to NextGenerationEU programmes) to bolster recovery. However, the impact of these publicly-funded construction schemes is expected to ease considerably due to multiple downside factors (supply chain issues, war in Ukraine, etc.), including the shortage and rising prices of construction materials, which are becoming a source of concern.”

EUROFER added “Looking at construction sub-sectors, the expected rise in interest rates, because of policy rate hikes by the ECB and other central banks, is set to impact residential construction demand. Civil engineering is expected to continue to provide the strongest contribution to the construction sector's performance, but to a lower extent. This segment will continue to be supported by EU-wide public policies (NextGenerationEU, etc.), but their effects have become increasingly uncertain and difficultto quantify considering the recent deterioration of the economic outlook. The suspension of the Stability and Growth Pact has been extended until the end of 2023. This will leave room for government spending in infrastructure, but its effects in terms of construction output will be lagged overtime. The private non-residential construction subsector (offices, commercial buildings, etc.) has paid the highest toll to the pandemic in 2020 and in 2021 with increasing vacancy rates, and has recovered only partially. The subdued business investment outlook remains unfavourable to investment in non-residential projects in the near future.”

voda 4 november 2022 06:50

0

Primetals & RHI Magnesita Develop New DRI Melting Technology

Strategic Research Institute
Published on :
4 Nov, 2022, 5:26 am

Primetals Technologies is developing a new green steel technology to replace blast furnace plants and has signed a collaboration contract with RHI Magnesita, the global leader in refractory innovations. The new solution is called the Smelter, a furnace powered by electrical energy and used for melting and final reduction of direct reduced iron. Operated together with a direct reduction plant and an LD converter, the Smelter is producing hot metal for the steelmaking plant and liquid slag that can be used in the cement industry.

An important part of the Smelter, the refractory material protects the furnace shell by containing hot metal at temperatures of at least 1,500 degree Celsius. Consisting of bricks, it expands when heated and endures extremely high temperatures. The performance of the refractory material is determined by several factors, such as size, quality, mechanical furnace design, and cooling solutions. RHI Magnesita and Primetals Technologies have put their heads together and found a reliable refractory solution for the Smelter, which will ensure high productivity and a long lifetime.

For steel producers, there are two main cost related benefits that comes with the Smelter. The DR – Smelter – LD converter route can be used especially for low grade iron ores, as it handles the generated slag well. Additionally, the LD converter is kept when the Smelter is implemented. Therefore, steel producers who operate integrated plants do not need to modify the rest of their production chain and do not have to renew their certifications when they invest in a Smelter.

It will also be possible to keep the blast furnace running while installing the Smelter, and to then discontinue the use of the old equipment as soon as the Smelter is ready for operation.

The conventional B –LD converter route results in almost two tons of CO2 per ton of liquid steel. Thanks to the new technology, CO2 emissions will be reduced by a factor of six, to 0.33 tons of CO2 per ton of liquid steel.

voda 4 november 2022 06:51

0

QCO Implementation for Ferronickel & Ferrosilicon Differed

Strategic Research Institute
Published on :
4 Nov, 2022, 5:28 am

India's ministry of steel has differed implementation of a mandatory Quality Control Order for ferrosilicon and ferronickel and the QCO for the two grades will come into effect from 23 January 2023, instead of 1 November 2022.

The QCO had been proposed for ferrosilicon and ferronickel under the Steel and Steel Products Quality Control Order stipulating that ferronickel would have to mandatorily adhere to specifications IS 1110:1990 of the Bureau of Indian Standards and IS 4409: 1973 in case of ferrosilicon.

Under the mandatory QCO, no manufacturing, trade, imports or use is permitted without certifications stating the product adheres to the standards laid down by the BIS.

voda 4 november 2022 06:52

0

ArcelorMittal to Shut Down One Blast Furnace at Fos-sur-Mer Plant

Strategic Research Institute
Published on :
4 Nov, 2022, 5:29 am

Local media has reported that ArcelorMittal has decided to temporarily shut down one of the two blast furnaces at its Fos-sur-Mer site in the Bouches-du-Rhône in France due to the slowdown in demand for steel and the impact of energy prices. The reports quoted ArcelorMittal Méditerranée Director Mr Bruno Ribo as saying that “In a greatly deteriorated macro-economic context, coupled with a major impact from soaring energy prices and an increase in steel imports in Europe, the Fos-sur-Mer site is in turn facing the slowdown in demand for steel, which underlines that order forecasts are down for the end of 2022 and the beginning of 2023. Consequently, as announced to the staff representatives meeting in extraordinary CSE, the site is preparing to slow down its activity to adopt a step at a blast furnace instead of two. The management specifies that partial activity measures will be put in place from the beginning of December 2022 to adapt the working time of part of the staff, up to one day per week maximum.”

He added “As soon as market conditions allow it, we will relaunch a march with two blast furnaces in Fos.”

Two French factories have blast furnaces: in Dunkirk (North), the group's largest site in Europe, one of the three blast furnaces is currently shut down for maintenance operations. The Fos-sur-Mer site alone employs some 2,500 employees out of the 15,350 working in France. In addition to its 2,500 employees, the Fos-sur-Mer site also employs 2,500 subcontractors

ArcelorMittal had already decided in early September to shut down two of its blast furnaces in Europe, in Bremen (north-west Germany) and in Asturias (northern Spain), in order to cope with falling demand and soaring energy prices.

Bijlage:

voda 4 november 2022 06:53

0

Turkish rebar slump deepens, scrap comparatively firmer
197 Views

Turkish rebar producers have further decreased their long steel quotes amid weak demand and competitive prices in the global arena. However, even this does not seem to be helping a recovery in export sales.

On Thursday, Turkish mills’ export offers were mostly at $640-650/tonne fob Turkey actual weight, down from $650-665/t a week earlier. Offers for mesh-quality wire rod, meanwhile, were at $650-665/t fob.

While long steel prices continue to slump, the fall in scrap prices is slower. On Thursday, a US-origin HMS 1&2 80:20 is heard to have been booked at below $354/t cfr, although the seller refuses to provide confirmation. Although this booking also points to a decrease in scrap prices, rebar, which lost $30/t in two weeks, is falling faster.

Sales, however, remain weak as prices in the global market are well below Turkey’s levels. After losing an important market, Asia, Turkish mills are now under the threat of losing another major market - Israel. Middle Eastern producers, whose energy cost share is less than $5/t in total production costs, are ready to serve the Israeli market. On the other hand, weakening freight costs are helping Asian producers to sell in Turkey’s close major markets.

Besides regular Russian long steel sales at competitive prices in Israel, Middle Eastern producers are targeting even lower levels in the country. China is heard to have sold wire rods at $630/t cfr to Israel.

A Turkish mill tells Kallanish: "While Middle Eastern producers’ energy costs remain unchanged from pandemic levels, our energy costs have skyrocketed in one year. There is no way we can compete with them given current scrap and production costs."

Except for small-tonnage containerised sales in the close destinations, no significant rebar and wire rod export sales were heard this week.

A trader thinks Turkey has to decrease rebar prices to $580/t fob levels, although premium HMS 1&2 80:20 prices do not fall below $340/t cfr.

A Turkish mill says: "It is better to further decrease and keep capacity utilisation at a certain level that would meet domestic demand. Closure is more costly and painful."

Although being far from satisfactory, Turkish domestic rebar sales are doing relatively better compared to exports. Since the beginning of the week, almost 100,000t of rebar were sold in the domestic market. Mills’ offers in the domestic market are seen standing mostly at $640-650/t ex-works.

Burcak Alpman Turkey

voda 7 november 2022 07:17

0

Ryerson Reports 74% QoQ Drop in Net Income in Jul-Sep’22 Quarter

Strategic Research Institute
Published on :
7 Nov, 2022, 3:30 am

US’s leading processor & distributor of industrial metals Ryerson has reported USD 1.54 billion of revenue & net income of USD 55 million. Ryerson’s President & Chief Executive Officer Eddie Lehner said “In the third quarter of 2022, Ryerson delivered strong operational and financial performance. Despite decreasing metals prices and declining industry demand, we generated healthy operating cash flow and very strong free cash flow yields through our business model as well as working capital release due to the counter-cyclical nature of our balance sheet. Importantly, the work we have done over the past several quarters transforming our balance sheet means we arc no longer a high-yield debt company. Ryerson is now in a historically strong position to reinvest in the modernization and growth of our intelligent and connected service center network, while continuing to provide returns to shareholders.”

Ryerson generated revenues of USD 1.54 billion in the third quarter of 2022, a decrease of 11.5%, compared to USD 1.74 billion for the second quarter of 2022 primarily driven by lower selling prices. Average selling prices declined 9.4% compared to the second quarter while volume declined 2.3%. Net income attributable to Ryerson for the third quarter of 2022 was USD 55.1 million, compared to USD 196.4 million in the previous quarter.

Ryerson expects counter-cyclical business conditions to continue through the fourth quarter of 2022. Benchmark carbon, aluminum and nickel price decreases arc anticipated to continue into the fourth quarter while sales volumes experience slowdown driven by seasonal declines in buying as well as decelerating economics in North America, Europe, and China. As such, Ryerson anticipates fourth quarter 2022 revenues in the range of USD 1.25-1.30 billion, with a sequential average selling price decrease of 7% to 11%, and a shipment volume decrease of 8% to 10%.

voda 7 november 2022 07:17

0

GFG Alliance’s InfraBuild Reports Strong Results for FY22

Strategic Research Institute
Published on :
7 Nov, 2022, 3:24 am

GFG Alliance’s Australian steelmaker & distributor InfraBuild has reported AUD 665.8 million adjusted EBITDA in the financial year to June 30, which was nearly two-times the FY21 number. Revenue was up 32% YoY to AUD 6 billion, while after tax profit more than doubled to AUD 283.9 million and net assets increased by AUD 278 million to AUD 1.42 billion. The revenue boost was due to increased sales across all three divisions - recycling, manufacturing and distribution

InfraBuild is Australia’s leading integrated manufacturer, supplier & recycler of steel long products and solutions including structural, reinforcing & building products InfraBuild owns the steelmaking and distribution business formerly owner by Arrium and predecessor OneSteel.

InfraBuild’s Whyalla Steelworks is a fully integrated steelworks and the only manufacturer of rail in Australia. Iron ore is mined in the Middleback Range to feed the steelworks. It occupies a 1,000 hectare site on the shore of False Bay, Spencer Gulf and is the largest employer in Whyalla in South Australia. Approximately 1.2 million tonnes of raw steel is produced in the steelworks each year, with about 65% of that transferred by rail to Arrium's Market Mills as billets for further processing. The balance of the steel is then converted to finished products at the Whyalla Rolling Mill. These products service the construction and rail transport industries.

voda 7 november 2022 07:18

0

Ternium Expects Lower EBITDA in Q4 of 2022 on Lower Prices

Strategic Research Institute
Published on :
7 Nov, 2022, 3:26 am

Luxembourg headquartered steelmaker Ternium announced that its steel shipments of 3.0 million tons in the third quarter of 2022 were sequentially stable. On a year-over-year basis, steel shipments in the third quarter of 2022 were down 3% due to a decrease in the volume of slabs shipped to third parties, reflecting a higher integration of Ternium's facilities, partially offset by higher finished steel shipments.”

In Mexico, steel shipments reached 1.7 million tons in the third quarter of 2022, increasing slightly compared to shipments in the second quarter of the year and in the prior-year third quarter. The auto industry is making some progress in dealing with its supply chain difficulties, although it remains below its production capacity. On the other hand, infrastructure investment remained subdued and high inflation and tighter monetary conditions had an effect on the manufacturing industry's demand for steel products.

In the Southern Region, shipments were 584,000 tons in the third quarter, lower 3% sequentially and 7% on a year-over-year basis. In Argentina, limitations in connection with imports of intermediate goods have created certain bottlenecks in the manufacturing sector. On the other hand, activity in the construction sector and the demand for industrial products remained healthy in the period.

In Other Markets, Ternium's steel shipments in the third quarter of 2022 were 666,000 tons, slightly below the levels achieved in the second quarter of the year. Compared to the third quarter of 2021, shipments decreased in the period, reflecting a 183,000-ton reduction in the volume of slabs shipped to third parties, partially offset by a 100,000-ton increase in finished steel shipments.

Revenue per ton in the third quarter of 2022 was USD 1,364, down USD 108 sequentially and USD 107 compared to revenue per ton in the prior-year third quarter. In Mexico, realized steel prices decreased in the third quarter, reflecting the reset of contract steel prices at lower levels and a downward trend in spot steel prices in the local market. Operating income in the third quarter of 2022 was USD 526.2 million, with adjusted EBITDA of USD 679.4 million and adjusted EBITDA per ton of USD 229.

Ternium expects a lower adjusted EBITDA in the fourth quarter of 2022 compared to the third quarter, as a temporary mismatch between a decline in realized steel prices and high costs per ton should result in a decrease in the steel margin. Despite current raw material prices being considerably lower across the global market than in the first half of 2022, when Russia’s invasion of Ukraine disrupted steel markets, the company will experience a gradual flow of relatively high-cost raw materials through inventory in the fourth quarter. Ternium anticipates this dynamic to mostly reverse during the first quarter of 2022.

voda 7 november 2022 07:19

0

Outokumpu Reports 72% Surge in EBITDA in January–September 2022

Strategic Research Institute
Published on :
7 Nov, 2022, 3:27 am

Finland headquartered stainless steel leader Outokumpu has reported strong EBITDA of EUR 304 million in July-September quarter of 2022 as compared to EUR 228 million in prior year with sales of 491,000 tonnes, down as compared of 546,000 tonnes in prior year. Outokumpu’s stainless steel deliveries were 1.656 million tonnes in January-September of 2022 down From 1.704 million tonnes in January-September of 2021 and EBITDA of EUR 1.146 billion as compared to EUR 668 million in prior year

Outokumpu President & CEO Mr Heikki Malinen said “Our third-quarter performance was solid. We delivered EUR 304 million of adjusted EBITDA, which is the best third-quarter result in Outokumpu’s history. Our stainless steel deliveries fell by 12% in a softening market with exceptionally high imports. Distributors accelerated de-stocking of commodity grades, while end-user demand remained stable.”

He said “Due to high electricity prices, we have been optimizing our ferrochrome production, which has led to lower production volumes, and adjusted EBITDA for business area Ferrochrome declined to EUR 34 million. We also decided to delay the restart of one of our three ferrochrome furnaces to at least the end of the first quarter of 2023.”

Outlook for Q4 2022

Group stainless steel deliveries in the fourth quarter are expected to decrease by 0–10% compared to the third quarter.

The European ferrochrome benchmark price decreased to USD 1.49/lb for the fourth quarter.

Ferrochrome production continues at 50–60% of its full capacity due to a furnace shutdown and the optimization of the ferrochrome production, caused by exceptionally high electricity costs.

With current raw material prices, raw material-related inventory and metal derivative losses are expected to be realized in the fourth quarter.

Adjusted EBITDA in the fourth quarter of 2022 is expected to be lower compared

voda 7 november 2022 07:21

0

Baku Steel Company Becomes Member of worldsteel

Strategic Research Institute
Published on :
7 Nov, 2022, 3:28 am

Azerbaijan’s largest metallurgical company Baku Steel Company has been accepted as a regular member of the World Steel Association. The respective decision was made at the general meeting of the organization held in Brussels on October 17-18, 2022 with the participation of the Board of Members. In addition, the General Director of the company Mr Kamal Ibrahimov was accepted into the Board of Members of the Association.

Baku Steel Company currently produces high-quality fittings, rolled-wire, round bars, square and round billets, seamless pipes, as well as various shaped castings. Since the day of establishment 20 years ago, the company has become the renowned brand both in Azerbaijan and in entire Caucasus region and its products are highly demanded in local market, as well as exported to more than 20 countries of Europe, America and Asia.

worldsteel, which has been operating for 55 years, currently has the status of a consultant at the Economic and Social Council of the United Nations. Acting as an international center of the steel industry, worldsteel supports its members in a number of areas and creates opportunities for the development of their businesses. The membership in the Association, which implements various programs for this purpose, allows Baku Steel Company CJSC to obtain statistical and general reports prepared by the organization on world and regional steel production, affiliation of employees with the committees, with the general network of global steel producers, as well as it will provide an opportunity to participate in conferences and events attended by the world's leading steel producers.

voda 7 november 2022 07:22

0

GPH Ispat Launches GPH Quantum B600C-R Steel Rebar

Strategic Research Institute
Published on :
7 Nov, 2022, 3:31 am

The Daily Star reported that Bangladesh’s leading steel maker GPH Ispat has launched its high-grade GPH Quantum B600C-R steel rebar product, which will be used in the country's mega construction projects. Bangladesh’s Industries Minister Mr Nurul Majid Mahmud Humayun said “GPH Ispat has taken Bangladesh to a higher level in terms of infrastructural and technological excellence. GPH has reached another milestone by manufacturing 600-grade high-strength steel rebar. This will bring advancement to our infrastructures.”

GPH Group Chairman Mr Jahangir Alam said “GHP aims to provide a highly dedicated team to help build a strong and sustainable Bangladesh. With this ambition, we have added the high-strength and high-performing steel rebar. Reducing the congestion of rebar in the structure will further improve the quality of construction and reduce the dead load of the building.”

GPH Quantum B600C-R rebars are made in a quantum electric arc furnace at GPH Ispat's existing facility.High-grade steel rebars are stronger than other products of this variety and are more cost-effective as it reduces rod usage in construction by up to 30%

voda 7 november 2022 07:22

0

Steel Dynamics to Build Biocarbon Plant at Columbus in Mississippi

Strategic Research Institute
Published on :
7 Nov, 2022, 3:32 am

Fort Wayne Indiana headquartered Steel Dynamics has announced the selection of Columbus in Mississippi as the location for the initial SDI Biocarbon Solutions biocarbon production operations, a joint venture between the company and Aymium. The site is strategically located in close proximity to one of the company’s largest electric-arc-furnace steel mills, which will consume a significant portion of the biocarbon as a replacement for anthracite, and is also central to plentiful fiber raw material sources. Final site determination is subject to the anticipated receipt of necessary permits and continued state and local government support.

The Columbus, Mississippi location brings numerous strategic advantages, including:

Synergies related to being within close proximity of our Columbus Flat Roll Division, which will consume a significant amount of the biocarbon, as well as the extremely talented workforce in the area,

Proximity to numerous fiber raw material suppliers

Excellent logistics provided by on-site access to a class I railroad, proximity to the major US highway systems, and access to the Tennessee-Tombigbee Waterway.

The planned biocarbon production facility will supply Steel Dynamics’ electric arc furnace steel mills with a renewable alternative to fossil fuel-based carbon sources using Aymium’s patented technology. This initial facility’s production capability is expected to be more than 160,000 metric tons per year and operations are planned to begin early 2024. Steel Dynamics has successfully trialed Aymium’s biocarbon product in our steel operations, and estimate this first facility will reduce our Scope 1 steelmaking greenhouse gas emissions intensity between 20-25%, with potential upside from the use of the facility’s excess available renewable energy

Vertraagd	30 apr 2024 17:39
Koers	23,590
Verschil	-0,460 (-1,91%)
Hoog	23,960
Laag	23,540
Volume	2.340.129
Volume gemiddeld	2.514.768
Volume gisteren	2.081.041

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...
05 mrt	Beursblik: experts vinden koerswinst ...
23 feb	Mondiale staalproductie daalt opnieuw
08 feb	ING: ArcelorMittal doet het beter dan...

Arcelor Mittal « Terug naar discussie overzicht

Nieuws en info hier plaatsen (deel 4)

Meedoen aan de discussie?

Direct naar Forum

Detail

ArcelorMittal nieuws meer