Arcelor Mittal « Terug naar discussie overzicht

Nieuws en info hier plaatsen (deel 4)

voda
0
Steel Workers Sign Accord with Augusta Cives Steel
By Strategic Research Institute on May 18, 2023 11:16 am

The indefatigable steel workers of Augusta have accomplished a groundbreaking feat by finalizing an all-new, enhanced contract with Cives Steel. In an overwhelming display of solidarity, the members of the esteemed Ironworkers Local 807 voted affirmatively in favor of the meticulously negotiated labor agreement, which guarantees a notable surge in wages and a substantial enhancement in benefits. The triumphant consensus was reached through a momentous vote conducted this week.

The comprehensive accord encompasses an impressive wage hike of 6.5%, coupled with an unprecedented 25% amplification in pension contributions over the contractual period.

Furthermore, the agreement proudly heralds an elevation in holiday privileges.
voda
0
72 Steel Plans to Establish Steel Plant in Aliquippa
By Strategic Research Institute on May 18, 2023 11:15 am

A Brooklyn-based company, 72 Steel, has announced plans to build a state-of-the-art steel manufacturing plant in Aliquippa. According to the company's website, the plant will use "the world's most advanced steel production technology, with an annual output of 500,000 short tons of high-end steel production capacity.

The company plans to invest $218 million in the nearly 44-acre site, which was formerly the location of the Jones & Laughlin/LTV steel mill.

Company officials have toured the site and met with local officials, noting that the site has convenient transportation, developed railways, highways, waterways, and abundant power supply.
voda
0
Global Stainless Steel Consumption Set for Stability in 2023
By Strategic Research Institute on May 18, 2023 11:15 am

As per the latest report from the esteemed International Stainless Steel Forum, the worldwide consumption of stainless steel is anticipated to maintain stability throughout 2023 before embarking on an upward trajectory in 2024, with a notable increase of 3.6% year on year.

While global consumption of hot rolled and cold rolled stainless steel is projected to remain unchanged and experience a marginal decline of 0.2% in 2023, respectively, both figures are set to rebound in 2024 with substantial growth rates of 5.2% and 3%, respectively.

Delving deeper into the data presented by the ISSF, it reveals intriguing insights about specific regions. In the year 2023, China is expected to witness a modest increase of 1.1% in stainless steel consumption, while the Asia region excluding China is poised for a more substantial surge of three percent. Conversely, the United States is projected to experience a decline of 4.1%compared to the previous year.

Looking ahead to 2024, the consumption of stainless steel in China is predicted to rise by 2.7%, while the Asia region excluding China is primed for a significant surge of 5.6%. The United States, too, is expected to rebound with a growth rate of 4.1% year on year.
voda
0
Hanwha Aerospace Partners with Bisalloy Steel for Egyptian K9
By Strategic Research Institute on May 18, 2023 11:14 am

Hanwha Aerospace, the parent company of Hanwha Defense Australia, has made a momentous steel order with New South Wales based Bisalloy Steel for the Egyptian K9, K10, and K11 program.

This significant agreement stems from Hanwha Aerospace's collaboration with the Government of Egypt, initiated in February 2022, to supply a substantial quantity of Self-Propelled Howitzers and Armoured Ammunition Resupply Vehicles.

Valued at approximately A$1.7 billion, the contract encompasses hundreds of K9 Self-Propelled Howitzers, K10 Armoured Ammunition Resupply Vehicles, and the newly developed K11 Fire Direction Control Vehicle, which will be based on the K9 chassis and equipped with state-of-the-art sensor and communication equipment to meet the operational requirements of the Egyptian Army and Navy. The SPH variant will bear the name K9A1 EGY.
voda
0
Sinosteel Starts Construction of the Tosyali Pellet Plant
By Strategic Research Institute on May 18, 2023 11:13 am

Sinosteel Engineering & Technology has embarked on a groundbreaking endeavor. The construction of the Tosyali Concentration Plant, with a capacity of 4 million metric tons, and the accompanying 4 million metric tons of belt roaster pellets plant in Algeria, is underway under the general contract of Sinosteel E&T's subsidiary, Sinosteel MECC EPC.

The 4 million metric tons belt roaster pellet plant, utilizing cutting-edge technology independently developed by Sinosteel MECC, stands as a testament to their commitment to environmental stewardship. By curbing pollution emissions and carbon footprints in the pre-ironing stage, this advanced facility will produce pellets of unparalleled quality, grade, and yield, ensuring the provision of high-grade materials for discerning users.
voda
0
JSW Steel Emerges Victorious for Iron Ore Mine in Gadchiroli
By Strategic Research Institute on May 18, 2023 11:13 am

JSW Steel has been declared the Preferred Bidder for an unexplored Iron Ore mine in Gadchiroli District of Maharashtra in the auctions conducted by the State Government of Maharashtra on May 12, 2023.

Notably, the highest final offer price presented by JSW Steel to secure this status amounts to an impressive 131.05% of the average monthly prices of iron ore of various grades and quality, published by the Indian Bureau of Mines in the State of Maharashtra
voda
0
Steel Production Pauses at Araucaria Plant of Gerdau
By Strategic Research Institute on May 18, 2023 11:12 am

Gerdau, the renowned Brazilian conglomerate, has announced the temporary suspension of crude steel production at its esteemed Araucaria plant. Nestled in the picturesque southern state of Parana, this facility stands as a testament to Gerdau's commitment to adaptability and resource optimization.

Reports from the local press indicate that this step is a conscious effort by the company to prioritize more lucrative assets in its portfolio, rather than a response to diminished demand for its products.

The Araucaria plant, with steel production capacity of 420,000 metric tons per year, remains poised to resume operations at short notice.
voda
0
Financial Bids Loom on the Horizon for NMDC Steel
By Strategic Research Institute on May 18, 2023 11:11 am

As per media report, the stage is set for financial bids to take center stage for NMDC Steel. The anticipation surrounding this venture, expected to yield a significant windfall of around ?11,000 crore for the government's 50.79% stake

Furthermore, it is anticipated that the blast furnace will be operational by June, marking a significant milestone in the project's timeline.

This progress sets the stage for the shortlisted bidders to witness the fully commissioned plant and pave the way for the subsequent financial bidding process.
voda
0
Nippon Steel Posts $5 billion Profit
By Strategic Research Institute on May 18, 2023 11:11 am

Nippon Steel has reported a commendable net profit for the fiscal year 2022-23, defying market expectations. With a net profit of $5.06 billion, the company has surpassed its previous year's record, showcasing its resilience and adaptability in a rapidly evolving industry.

Throughout the financial year, Nippon Steel demonstrated exceptional growth, with net sales surging by 17% to $58.2 billion, outperforming the previous fiscal year's net sales

Although the company faced challenges in production and shipment, recording a decrease of 11%, it remained undeterred in its pursuit of excellence.

This achievement comes alongside a strategic decision to transition from blast furnaces to electric arc furnaces at two of its prominent facilities.

Looking ahead, Nippon Steel envisions producing approximately 35 million metric tonsof crude steel in the forthcoming 2023-24 financial year. Furthermore, the company anticipates its steel product shipments to reach around 32 million metric tons during the same period.
voda
0
Acciaierie d'Italia Breathes Life into Taranto's BF No 2
By Strategic Research Institute on May 18, 2023 11:10 am

Acciaierie d'Italia, an Italian steel manufacturer, has reignited the flame of blast furnace No. 2 at its Taranto facility, as reported by various media outlets.

The furnace, which had been dormant for a period of ten months since July 2022, underwent meticulous maintenance works during its hiatus.

Prior to the revival, the Taranto plant remained operational with the utilization of blast furnaces No. 1 and No. 4, while the maintenance activities on No. 2 were underway. With the reactivation of this crucial furnace, Acciaierie d'Italia is poised to witness a significant upturn in its output, paving the way for a resounding recovery in the industry.
voda
0
Revitalizing Ukraine, Metinvest's Steel Dream Unveiled
By Strategic Research Institute on May 18, 2023 11:10 am

In a remarkable endeavor to reconstruct the war-torn country of Ukraine, Metinvest-SMC, the sales company of Metinvest Group, recently introduced an innovative project called Steel Dream. Presented at the esteemed architectural and construction business forum, “Rebuilding Ukraine: A Strategy for Change for Architects, Developers, and Builders,” Steel Dream captured the attention of over 4,000 attendees.

The event aimed to explore strategies and tools for post-war infrastructure and housing reconstruction. Deliberations revolved around crucial topics such as urban planning policy, construction investments, and public and private initiatives that can expedite the rebuilding process. Among these initiatives, the most captivating was undeniably Steel Dream.

Speaking on behalf of Metinvest Group, CEO Mr. Yuriy Ryzhenkov expressed the company's commitment to Ukraine's recovery. Metinvest aims to contribute not only by supplying steel for construction but also by leveraging its expertise to enhance the efficiency and speed of the reconstruction process. Taking on the responsibility of developing a general concept for rebuilding the country, Metinvest hopes that Steel Dream will ignite a collective drive to transform dreams into tangible actions.

Embodying a holistic approach to reconstruction, Steel Dream encompasses a range of prefabricated solutions tailored to suit the specific needs of diverse communities. Metinvest-SMC's team of experts has meticulously designed 13 distinct types of steel buildings, each adaptable to various conditions and circumstances. From residential structures including one to eight-storey houses, hostels, and hotels, to social infrastructure like schools, kindergartens, and outpatient clinics, and even infrastructure facilities such as car parks, sports complexes, and underground shelters, Steel Dream offers over 200 ready-made building projects.
voda
0
Thailand Prolongs AD Duty on HR from China & Malaysia

Strategic Research Institute
Published on :
18 May, 2023, 7:47 am

Thailand's Ministry of Commerce has announced its decision to extend the anti-dumping duty order on hot-rolled steel products from China and Malaysia for an additional five-year period. This ruling comes as a reversal of its earlier decision to revoke the imposition in March of this year.

Under this ruling, the AD duty rate stands at a significant 30.91% for steel imports from China, while Malaysian imports face duty rates ranging from 23.57% to 42.51%, all based on the CIF price.

It is worth noting that these duties were initially imposed in August 2011 and were intended to remain in effect for a period of five years. However, in June 2017, they were extended for another five-year term.

The products affected by this AD duty order are hot-rolled flat steel, both in coils and not in coils, with a specific thickness range of 0.9 to 100mm and a width spanning from 100 to 3,200mm.
voda
0
Beursblik: betere vooruitzichten voor ArcelorMittal

Citi ziet lagere kosten en hogere volumes.

(ABM FN-Dow Jones) De vooruitzichten voor ArcelorMittal zijn verbeterd als gevolg van volumestijgingen en kostenreducties. Dit stelde Citi Research donderdag in een sectorrapport.

De bank zet het aandeel ArcelorMittal voor dertig dagen op een zogeheten 'catalyst watch', wat betekent dat de analisten van Citi denken dat het aandeel de komende periode positief kan verrassen.

Volgens de bank is de consensus de afgelopen drie maanden al met 15 procent gestegen en daar kan nog eens 10 procent bijkomen.

Citi wees in het rapport verder op het eerder deze maand aangekondigde nieuwe aandeleninkoopprogramma van 85 miljoen aandelen. Dit programma loopt tot en met uiterlijk mei 2025. De bank sluit echter niet uit dat dit programma versneld kan worden afgewerkt gezien de koersdaling van het aandeel ArcelorMittal.

ArcelorMittal noteerde donderdag op een groen Damrak 0,2 procent lager op 24,46 euro.

Door: ABM Financial News.

info@abmfn.nl

Redactie: +31(0)20 26 28 999
voda
0
OMK Supports III International Winter Games in Ufa

Strategic Research Institute
Published on :
19 May, 2023, 7:06 am

Russian pipe maker United Metallurgical Company OMK’s Blagoveshchensk Plant in Republic of Bashkortostan for the third time acted as a partner of the International Winter Games in Ufa, well was timed to coincide with the 75th anniversary of the Ufa State Petroleum Technical University (UGNTU). Amateur skier’s teams of students from Egypt, Cuba, Kazakhstan, Tajikistan, Uzbekistan and other countries took part in the ski race. Together with them, schoolchildren, college students and employees of more than 30 partner organizations went to the track.

OMK Blagoveshchensk Plant has been cooperating with the UGNTU for many years, including on the employment of graduates. For the first time, the International Winter Games in UGNTU were held in 2021. The tradition began with international students from Africa, Latin America and Asia who first saw snow in Ufa and started cross-country skiing. Now this is one of the most anticipated events of spring.
voda
0
Tata Steel’s Noamundi & Joda East Iron Mines Bag 5 Star Rating

Strategic Research Institute
Published on :
19 May, 2023, 7:07 am

The Noamundi and Joda East Iron Mines of Tata Steel have been accorded 5-Star rating for sustainable development for the year 2021-22 by Indian Bureau of Mines (IBM). The Noamundi Mine received the honor for the seventh consecutive year.

Tata Steel's Noamundi and Joda East Iron Mines have been industry leaders in implementing cutting-edge technologies and best mining practices. The mines use advanced mining software, drone technology, fleet management systems, remote-controlled drills, and real-time quality monitoring systems, among various other initiatives, to achieve benchmark performance. Multiple community initiatives have also been undertaken to ensure education and skill development, health and sanitation, livelihood, skill development, and overall welfare of people residing in nearby villages.

Some of the notable pioneering initiatives in Noamundi and Joda include:

- Commissioning of a 3.3 MW Solar power plant over the mined-out area

- Reclamation and Rehabilitation of 126 Ha of land at Hill #1 and Hill #2

- Rainwater Harvesting Pond for ground water recharge

- Use of electric vehicles (EVs) in Mines

- Fostering diversity and inclusion: Employed 46 female employees as HEMM operators and various other core mining operational functions across all shifts

- Use of Paste thickener at Joda has helped the unit by enabling re-use of wastewater and thereby significantly reducing make up water consumption

- Fleet management system has helped both the units by optimizing diesel consumption in HEMM fleet and thereby reducing carbon footprint

- Scientifically designed site-specific rainwater harvesting structures for recharging ground aquifers

These initiatives have been aimed at promoting sustainable mining practices, conserving the environment, and ensuring the well-being of the local community.

The Ministry of Mines had launched the scheme of ‘Star Rating of Mines’ in 2016 for recognizing miners and mining companies for their efforts and initiatives towards implementation of the Sustainable Development.
voda
0
Brandenburg's Prime Minister Mr. Woidke Visits Eisenhüttenstadt

Strategic Research Institute
Published on :
19 May, 2023, 7:10 am

Brandenburg's Prime Minister Mr. Dietmar Woidke visited ArcelorMittal Eisenhüttenstadt in Germany to discuss the transformation of the steel industry and made a commitment to the location. Mr. Woidke exchanged views with the management, the works council and IG Metall about the current status of the planning.

A technology change is needed to decarbonize steel production in the future, the first step is to shut down one blast furnace each from ArcelorMittal in Bremen and Eisenhüttenstadt follow. The Eisenhüttenstadt site will then receive from a natural gas based direct reduction plant at the Bremen plant the precursor sponge iron, which is converted into quality steel from Eisenhüttenstadt in two new electric arc furnaces with scrap is merged. In the second step, it is planned to build an industrial direct reduction plant in Eisenhüttenstadt as well to be built.

The new plants will be operated permanently with green hydrogen and electricity from renewable sources become. ArcelorMittal is currently awaiting approval from the European Commission for subsidies that support the construction of the new facilities.

ArcelorMittal Eisenhüttenstadt, started in 1950s as the former Eisenhüttenkombinat Ost, is now part of ArcelorMittal. Around 2,700 employees produce in the integrated steel mill consisting of from pig iron plant, converter steelworks, hot and cold rolling mill high-quality flat steel products for customers of automotive, household appliances and construction industries, which are mainly located in Eastern and Central Europe. In 2022, ArcelorMittal Eisenhüttenstadt produced 1.5M ton of flat steel.
Bijlage:
voda
0
Mexico Starts Sunset Review of CVD on HSS from China

Strategic Research Institute
Published on :
19 May, 2023, 7:12 am

The Mexican Ministry of Economy's regulatory body for international trade Secretariat of Economy has started the sunset review of countervailing duties on imports of carbon and alloy steel pipes with longitudinal seams of circular, square, and rectangular sections from China. The country’s Official Gazette of the Federation announced on 7 March that Mexican companies Forza SPL, Pytco and Tubería Laguna have complained that the removal of duties would negatively impact domestic production.

The Mexican Secretariat of Economy has determined the period of investigation should be from 1 January to 31 December 2022 and the analysis period is from 1 January 2018 to 31 December 2022. Anti-dumping measures will remain in effect during the ongoing review.

The initial duties were imposed in March 2018, ranging from $ 356 to $618 per ton.

Huludao City Steel Pipe Industrial - $356 per ton

Tianjin Huilitong Steel Tube - $506 per ton

Tianjin United Steel Pipe - $537 per ton

Tangshan Zhengyuan Pipeline, Tianjin Youfa Dezhong Steel Pipe, Tianjin Youfa Steel Pipe Group and other Chinses companies - $618 per ton

The product under review is a carbon and alloy steel tubing with longitudinal seams and a circular section with an external diameter of 4-16 inches, a square section with an external diameter of 4x4 to 16x16 inches and rectangular sections from 6x4 to 12x8 inches, regardless of the wall thickness or grade of steel with which are manufactured.

The products subject to the countervailing duty currently fall under customs tariff codes of 7306.19.99, 7306.30.03, 7306.30.04, 7306.30.99 and 7306.61.01.
voda
0
Trinecke zelezarny to Cut Carbon Footprints in 2023

Strategic Research Institute
Published on :
19 May, 2023, 7:13 am

Czech steelmaker Trinecké železárny is preparing investments exceeding € 42.3M in 2023 in, heating of torpedo cars, ladles, vacuum chambers etc. They will be aimed at improving product properties, ecology and increasing the recycling rate of metallurgical gases. “The operation of a steel producer is highly energy intensive. However, according to the principles of the circular economy, we use all metallurgical gases, blast furnace, converter and coke oven ones for reprocessing. The coke oven one will be now introduced at several heating stations in the production of iron and steel, where natural gas is still used,” highlights Mr. Radek Olszar, Investment Director. It concerns, for example, heating of torpedo cars, ladles, vacuum chambers etc.

Coke oven gas has diametrically different heating properties, and its introduction into operation will mean the construction of new distribution systems, a regulation, security and measurement systems, including burners and their automatic control. The cost of the investment will exceed €8.4M. The company is counting on savings for the purchase of natural gas in the future. The investment will be put into operation at the end of this year.

This year, the steelworks will put into operation a new milling line for the production of ribbed baseplates. The semi-automatic line will produce a higher-quality design of baseplates with higher precision in all operations. The greatest contribution of the project is the reduction of energy demand. The amount of the investment will exceed € 6.8M, part of the costs in the amount of € 1.4M will be covered by subsidies.

The disc stamping of rails in the total amount of € 1.8M, which will take place in April, will also be a new investment. The existing stationary stamps are at the end of their efficient lives, so they will be replaced by a modern disc stamp that is more reliable and accurate, it also enables variable rail marking.

In connection with the planned transformation of the company with the aim of reducing the carbon footprint, the company will start work on the Iron Ore Briquetting Line project with a total planned cost of € 40.2M. The line will enable production of the part of the charge for blast furnaces in a cold way eliminating CO2 emissions.

This year's reconstruction of the cloth filter for sinter plant in the amount of € 1.3M will have an ecological benefit, thanks to which the dust removal performance will be increased and dust emissions from the outdoor transfer of material will be reduced.
voda
0
Vardhman Special Steels Starts Steel Production for Forging

Strategic Research Institute
Published on :
19 May, 2023, 7:15 am

Ludhiana, Punjab, based Vardhman Special Steels has started production of steel for forging companies of Aichi Steel Corporation based in South East Asia for some of the grades for which it has received the approvals. The sales of these products will be approximately 10,000 ton in 2023-34. It will further increase with the receipt of more approvals in next 2-3 years.

Today is a momentous occasion for Vardhman Special Steels as we commence the mass production of high-quality steel for Toyota. This marks a significant milestone for our company and for India as a whole, firmly establishing our country as a leading supplier of top-tier automotive steel. As Vice Chairman and Managing Director of Vardhman Special Steels Ltd, I am proud of our team's dedication and hard work that has led us to this historic moment, says Mr. Sachit Jain

Incorporated in May 2010 as a Public Limited Company, Vardhman Special Steels was vested with steel business undertaking of the parent company Vardhman Textiles Limited in 2011. VSSL is one of India's leading producers of special steels, catering to diverse requirements of Automotive, Engineering, Tractors, Bearings and Allied Industries. The Company also takes care of steel requirements of select customers for forging applications in international markets of Thailand, Taiwan, Turkey, Italy, Russia, Germany, Vietnam and Japan.

Aichi Steel Corporation, a group company of Toyota Motor Corporation was established in 1934, to produce high quality alloy steel for automobiles and began R&D activities to improve the quality of steel and enhance the productivity. Aichi Steel Corporation engaged in developing materials other than steel, such as stainless steel, titanium and magnetic materials. These products are used in construction materials, including for bridges and buildings, as well as compact sensors and medical equipment. Their advanced material development capabilities and product manufacturing technologies are playing an active role in these fields. It is one of the largest alloy steel manufacturer in the world having a production capacity of more the 1.2M ton per annum.
voda
0
Mitsubishi to Infuse Funds in Jatim Taman Steel in Indonesia

Strategic Research Institute
Published on :
19 May, 2023, 7:20 am

Japanese Mitsubishi Steel Corporation will increase the capital, by $ 32M, increasing its shareholding from 66.54% to 74.98%, in its Indonesian subsidiary Jatim Taman Steel, which is planning a capacity expansion at the steel mill in order to meet the rapidly growing demand in the ASEAN market.

Through this capital increase, Jatim will strengthen its financial base and further improve its production capacity, planning to work on renewable energy in its electric furnaces to produce green steel.

Jatim Taman Steel is a special steel manufacturer that produces billets, flat bars and round bars at 2 plants located in Sidoarjo and Gresik.
35.173 Posts, Pagina: « 1 2 3 4 5 6 ... 1736 1737 1738 1739 1740 1741 1742 1743 1744 1745 1746 ... 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 19 apr 2024 10:31
Koers 23,690
Verschil -0,110 (-0,46%)
Hoog 23,800
Laag 23,440
Volume 392.834
Volume gemiddeld 2.411.545
Volume gisteren 2.676.573