Ontvang nu dagelijks onze kooptips!

word abonnee
Van beleggers
voor beleggers
Uitgebreid zoeken

Beurscodes, betekenis en hulp bij zoeken

Europa

AEX
Euronext Amsterdam
BRU
Euronext Brussels
PSE
Euronext Paris
LIS
Euronext Lissabon
CHX
CBOE Europe, grote(re) EU aandelen
NAV
Investment Funds (NAV)

Noord-Amerika

NYS
New York Stock Exchange
OTC
CBOE BZX Exchange (US)
TSE
Toronto Stock Exchange

Kunt u een instrument niet vinden?

Zoek dan via de zogenaamde ISIN code. Elk instrument, aandeel etc. heeft een unieke code.

Kies vervolgens - wanneer er meerdere resultaten zijn - de notering op de beurs van uw keuze.

Waar vind ik die ISIN code?

Google de naam van het instrument, aandeel etc. met de toevoeging 'ISIN'.

Als zoeken op ISIN code geen resultaten oplevert hebben wij het instrument of aandeel niet in onze koersendatabase.

desktop iconMarkt Monitor
Markt vandaag Koersen Forum Premium IEX Expert
Home  /   Forum   /   Arcelor Mittal   /   Nieuws en info hier plaatsen (deel 4)

Aandeel ArcelorMittal AEX:MT.NL, LU1598757687

Laatste koers (eur) Verschil Volume
22,720   +0,070   (+0,31%) Dagrange 22,510 - 22,870 2.474.222   Gem. (3M) 2,2M

Nieuws en info hier plaatsen (deel 4)

Volgen
35.173 Posts
Pagina: «« 1 ... 1310 1311 1312 1313 1314 ... 1759 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 23 april 2021 08:07
    DanieliCorus to Modernize Severstal Cherepovets Blast Furnace No 5

    Danieli Corus has signed a contract with Severstal to modernize Blast Furnace No 5 in Cherepovets in Russia on a design and supply basis. Blast Furnace No 5 Severyanka is the largest furnace at the Cherepovets Works and the flagship ironmaking operation for Severstal. During the coming project, Blast Furnace No 5 will be equipped with the Hoogovens design cooling and lining system in the bosh, belly and lower stack areas. This design is based on machined copper-plate coolers in combination with high conductivity graphite, and is the only design with proven capability to achieve campaigns in excess of 20 years regardless of ironmaking process circumstances. The revamped furnace will have a 5055 cubic meters working volume and 15.1 meter hearth diameter. Following the modernization, hot metal production by BF No 5 is scheduled to resume in 2023.

    In 2005 Danieli Corus participated in the reconstruction project for Cherepovets’ Blast Furnace No 4 with the installation of a Hoogovens design cooling and lining system. Following the outstanding performances achieved by that unit, Severstal decided to apply the same technology to the other blast furnaces, such as the 3290 cubic meters Blast Furnace No 3,- which was successfully commissioned in December 2020 after a rebuild project executed by Severstal and Danieli Corus.

    Source - Strategic Research Institute
  2. forum rang 10 voda 23 april 2021 08:12
    Nippon Steel to Launch ZAM-EX Coated Steel for Exports

    Nippon Steel and the former Nippon Steel Nisshin Co Ltd have been selling highly corrosion resistant coated steel sheets, SuperDyma and ZAM in overseas markets since 2000. Even after the merger of the two companies in April 2020, the new company has continued selling SD as well as ZAM. Starting with new orders, Nippon Steel will sell highly corrosion resistant coated steel sheets for overseas markets under the new brand name, ZAM-EX. Nippon Steel will also offer useful life guarantees for ZAM-EX in overseas markets in a certain corrosive environment. Our enhanced versatility for highly corrosion resistant coated steel sheets will satisfy customer expectation.

    Nippon Steel and NSN developed and started to sell highly corrosion resistant coated steel sheets under the brands SD and ZAM in 2000, targeting areas where their high corrosion resistant performance against hot-dip galvanizing can be utilized, and demand in such areas is growing steadily. Meanwhile, in overseas markets, competitors have been releasing similar products in the relevant areas, causing the competition to intensify. In an effort to strengthen the marketability of our products in these circumstances, Nippon Steel decided to sell the products under the new brand name ZAM-EX for new orders.

    Nippon Steel will sell ZAM-EX for new orders for JIS standard highly corrosion resistant coated steel sheets for overseas markets. Nippon Steel will guarantee for up to 20 to 25 years, ensuring that there will be no hole up to the period in a certain corrosive environment, on an individual contract basis in response to customer requests mainly for solar power applications.

    Source - Strategic Research Institute
  3. forum rang 10 voda 23 april 2021 08:12
    Liberty Galati Reaffirms Investment Plans in Romania

    Romanian Ziarul Financiar reported that GFG’s Executive Director & Liberty Galati board member Mr Ajay Aggarwal said that all investment plans at the Galati plant remain standing and that the group's current situation is now under financial pressure, it will not affect the activity at Liberty Galati. He old ZF "Our blast furnace and steel production has reached record weekly and monthly volumes in recent months. We are confident that we will overcome the difficulty faced by the GFG Alliance due to the placement in judicial administration of its main financial provider. However, it is important to note that Liberty Galati is a viable and profitable unit, which has increased its production compared to last year, which is able to deliver quality steel and produce the necessary financing for its regular operations and projects.”

    Mr Aggarwal pointed out several times that the activity in Galati is not affected by the external situation of the group. He said that “Liberty Galati will keep its workforce, expand its production capacity this year and all investment plans remain in place. The team from Galati focuses on our efforts to increase production, deliver products to customers on time and at the required quality. There is no intention to reduce the number of jobs and wages are paid without delay.”

    He added “We are constantly discussing with our suppliers any issues we may face and, fortunately, they see working with us as a long-term partnership. As with any large business some issues may occasionally arise, but where appropriate, we have worked together to resolve them and move forward together. The current situation of our main financier did not affect our working capital capabilities.”

    Source - Strategic Research Institute
  4. forum rang 10 voda 23 april 2021 08:13
    POSCO Pohang Steel Mill Probe Reveals 225 Violations

    Korea IT Times reported that The Daegu Regional Employment and Labor Administration has specially supervised POSCO Pohang Steel Mill, where a series of industrial accidents have occurred & 3 people died in a series of accidents from December last year to February and has detected hundreds of violations. According to the Daegu Regional Employment and Labor Administration, 225 violations of the law were found as a result of special supervision of the Daegu Employment and Labor Office, Korea Occupational Safety and Health Agency and external experts. An official from the Daegu Regional Employment and Labor Administration said "We plan to operate a field patrol team of labor supervisors even after special supervision to manage it closely and continuously monitor the implementation of emergency safety measures."

    According to the result of diagnosing the safety system, the maintenance and repair work procedures of the subcontractors were not properly managed by the main contractor, and several suppliers were mixed in the unstructured work section, making it difficult to manage. The labor office plans to punish POSCO and its suppliers after further investigation into violations of the law. It will also improve the safety management status of workplaces through a comprehensive safety and health diagnosis led by the Korea Occupational Safety and Health Agency.

    In a related development, the labor administration imposed a fine of 443.2 million won on Pohang Steel Mill. In response, Roh Woong-rae, a lawmaker of the Democratic Party of Korea criticized the results of the Daegu Regional Employment and Labor Office's special supervision of POSCO as a hollow audit. He said "This special audit was no different from the repeated show-off audit for years. What's the point of a fine of 400 million won when POSCO's annual sales exceed 50 trillion won?"

    Source - Strategic Research Institute
  5. forum rang 10 voda 23 april 2021 08:14
    Aceros Arequipa Orders Vacuum Tank Degasser from SMS Group

    Lima Peru based Corporación Aceros Arequipa SA has awarded SMS group, a systems supply contract encompassing the delivery of a new vacuum tank degasser for its Pisco site. The degasser will be integrated into the already delivered SMS group meltshop and enable CAASA to widen their production in terms of quantity and quality. The degassing process aims at reaching the lowest possible level of hydrogen content in the steel, which is a necessary precondition for CAASA to produce top-quality high-carbon grades for grinding balls. Nitrogen removal and oxygen control are other very important factors for the production of further SBQ grades. The full integration of the new vacuum degasser into the electric steelmaking route will set a new benchmark in South American steelmaking: for the very first time, both high productivity and high quality come together in a compact and optimized layout. Commissioning of the degasser is scheduled for early 2022.

    In terms of technology, SMS will supply a 120-ton twin tank vacuum degasser with movable cover and mechanical vacuum pumps. Innovative robotics (TS-Pro Sampler) will be installed on the cover for quick and repeatable sampling. Refining by wire feeding ensures that at the end of the treatment the heat has reached exactly the desired chemistry before the delivery of the steel to the continuous casting plant. As timing is essential the vacuum generation system has been selected with a view to rapid and consistent pump-down time, stable process behavior below 1 mbar and powerful control in case of unexpected overpressure. To protect the mechanical pumps (precisely machined roots blowers and screw compressors), a dedicated inert-type baghouse filter will be installed on the suction line between the main valve and the pump inlets.

    The consolidated and modular design approach enables SMS to engineer the plant within a very short time and was a key factor for CAASA to select SMS as supplier. During engineering, extensive use will be made of 3D modeling, addressing different related equipment in order to prevent any interference with existing plants.

    SMS group’s scope of supply includes basic and detailed engineering, delivery of the mechanical and electrical components, the entire electrical and automation systems, including the integrated process control system (Level 2), which monitors the quality of the steel from the scrap yard to the billet storage area, as well as supervision of erection, installation and commissioning.

    Aceros Arequipa manufactures long and flat steel products, including corrugated sheet, wire, steel sections, bars and pipes, as well as steel tools and hardware for the construction, civil engineering and mining industries. In addition to supplying the local market, the company exports its products to Colombia, Ecuador, Bolivia and the US.

    Source - Strategic Research Institute
  6. forum rang 10 voda 23 april 2021 08:14
    AISI Applauds Build America Buy America Bill

    US Senators Sherrod Brown (D-OH), Rob Portman (R-OH), Gary Peters (D-MI) and Mike Braun (R-IN) introduced a bill to ensure taxpayer-funded infrastructure and public works projects use iron, steel and other products that are made in America. American Iron and Steel Institute President & CEO Mr Kevin Dempsey said “All iron and steel products procured with taxpayer dollars should be produced in the United States to ensure that the full benefit of such investment is realized in the US economy. Some federal programs do not apply existing Buy America requirements for the procurement of iron and steel products. AISI believes, however, that the underlying Buy America principle should apply to all public infrastructure projects.”

    He added “The legislation introduced today works toward that goal by identifying programs that are ‘deficient’ and undertaking steps to ensure the iron and steel materials purchased with taxpayer funds are made in America. We applaud the senators on this important action today.”

    Source - Strategic Research Institute
  7. forum rang 10 voda 23 april 2021 08:17
    Mr Biden Pledges for US Greenhouse Gas Emissions Cut

    US President Mr Joe Biden opened a global summit on climate change by announcing that the United States will aim to cut its greenhouse gas emissions in half, based on 2005 levels, by the end of the decade. That aggressive 2030 goal, which the White House is framing as a 50-52 percent reduction, will be formalized in a document called a nationally determined contribution or NDC. Biden administration has come under growing pressure to set an aggressive goal of at least a 50% reduction in greenhouse gases based on 2005 levels to make up for languishing US emissions cuts. That pressure came from both environmental advocates and a group of 300 corporations that recently signed on to a letter calling on the administration to cut emissions in half by 2030, double the goal set by Obama.

    International non profit the Climate Group CEO Mr Helen Clarkson said “It’s fantastic to see President Biden set out this commitment which is what the world needs as the US re-joins the global consensus on climate. In the last four years, businesses, states, and individuals across the US have delivered ambitious climate action in the absence of federal leadership. With support from an ambitious Administration, so much more can be done. “However, urgent work is needed to deliver these emissions reductions. This is the Climate Decade, we must halve emissions by 2030. We look forward to seeing the policies that the Administration implements, matched by investment plans, to achieve these goals.”

    The NDC is a public commitment to address climate change made by each country that signed on to the 2015 Paris Agreement, which the US formally left last year at the behest of then-President Mr Donald Trump and reentered this year after Mr Biden took office.

    Source - Strategic Research Institute
  8. forum rang 10 voda 23 april 2021 08:17
    Thyssenkrupp Awarded Green Hydrogen Plant by CF Industries

    thyssenkrupp has entered into an engineering and supply contract with CF Industries to deliver a green hydrogen plant for the production of green ammonia at the Donaldsonville manufacturing complex in Louisiana. Under this contract thyssenkrupp will engineer and deliver a 20 MW hydrogen production unit based on their alkaline water electrolysis as well as all necessary utilities. The plant will utilize renewable energy from the grid to produce green hydrogen which then will be converted to 20,000 tonnes per year of green ammonia in CF Industries existing ammonia plants at the Donaldsonville, LA site. Green ammonia can be used as a highly efficient storage and transport medium for renewable energy and also directly as a clean fuel, eg in maritime transportation. Engineering and procurement activities have been initiated; the start of production is scheduled for 2023.

    With six ammonia plants and several fertilizer plants, the CF Industries’ site in Donaldsonville is the largest ammonia manufacturing complex worldwide. The largest ammonia plant at this site has also been delivered by thyssenkrupp and is based on the proven uhde ammonia process.

    Source - Strategic Research Institute
  9. forum rang 10 voda 23 april 2021 08:18
    Severfield Joins SteelZero

    UK’s steel structure specialist Severfield announced that it has strengthened commitment to reducing carbon emissions by signing up to SteelZero, a global initiative to speed up the transition to a net zero steel industry. By signing up, Severfield is making a public commitment to transition to procuring, specifying, or stocking 100% net zero steel by 2050, with certain interim targets to be achieved by 2030. Severfield Chief Executive Officer Mr Alan Dunsmore said “By signing up to SteelZero we are sending a powerful message, which we hope will help to shift global markets and policies towards the responsible production and sourcing of steel. We believe this is a significant step by Severfield in our commitment to creating a sustainable future for our business and the world around us.”

    SteelZero is led by international non-profit organisations, the Climate Group and Responsible Steel. This customer led initiative aims to drive a major shift in the global market for the responsible sourcing and production of steel. Targeting net zero steel from the demand-side of the supply chain makes this the first initiative of its kind, with the potential for it to have significant impact on investment, policy, manufacturing, and production in the construction sector.

    Source - Strategic Research Institute
  10. forum rang 10 voda 23 april 2021 15:35
    Salzgitter verhoogt outlook 2021
    Duitse staalbedrijf publiceert op 12 mei definitieve cijfers.

    (ABM FN-Dow Jones) Na een sterke jaarstart heeft het Duitse staalbedrijf Salzgitter de winstprognoses voor het hele jaar verhoogd. Dit meldde het concern vrijdag met de publicatie van voorlopige cijfers.

    Salzgitter voorziet voor het hele boekjaar een winst voor belasting van 300 tot 400 miljoen euro. Eerder werd nog uitgegaan van 150 tot 200 miljoen euro.

    Volgens de voorlopige cijfers boekte Salzgitter in de eerste drie maanden van 2021 een winst voor belasting van 117,3 miljoen euro, op een omzet van 2,1 miljard euro. Daarmee was de omzet ongeveer gelijk aan die in de eerste drie maanden van 2020.

    De winststijging was met name te danken aan sterke resultaten van de Strip Steel en de handelsdivisie plus een bijdrage van 42,5 miljoen euro van Aurubis. Vorig jaar in dezelfde periode leverde Aurubis juist nog een verlies op van bijna 19 miljoen euro.

    "Bijna alle segmenten rapporteerden een stabiele stijging van de maandelijkse resultaten in de loop van het kwartaal", zei Salzgitter.

    Het Duitse staalbedrijf publiceert op 12 mei 2021 de definitieve kwartaalcijfers.

    Door: ABM Financial News.

    info@abmfn.nl

    Redactie: +31(0)20 26 28 999
  11. forum rang 10 voda 26 april 2021 08:20
    Steel Units in Punjab & Maharashtra Divert Oxygen for Medical Use

    Punjab Chief Minister Captain Amarinder Singh has ordered shutdown of operations of iron and steel industries in Punjab to divert oxygen for medical use along with immediate establishment of Oxygen Control Rooms at the state and district levels amid the escalating oxygen crisis in the state. The action comes after 6 patients died of O2 shortage at a private hospital in Amritsar on Saturday. He also directed Amritsar Deputy Commissioner to initiate a thorough investigation into the tragic incident at the Amritsar hospital. The DC has been asked to ascertain the facts and circumstances leading to the deaths at the hospital, which prima facie seemed to have flouted orders given to all private hospitals with oxygen shortage to shift their patients to government medical colleges. Punjab has witnessed a sharp increase in demand over the past few days. Demand for Oxygen currently stands at 250 tonnes per day and is further expected to go up to 300 tonnes in the coming days on account of spiralling COVID cases.

    Nagpur bench of the Bombay high court directed Nagpur divisional commissioner to requisition all the liquid oxygen, being produced by four steel plants in Maharashtra, for catering to the needs of Covid-19 patients across the state. The directors of the four plants at Bhandara, Thane, Pune and Dolvi in the Raigad district have been requested to agree to the arrangement to avoid compulsory requisitioning.

    Meanwhile, JSW Steel said that it has supplied 898 tonnes average daily oxygen from its plants during April 21-23. It has been supplying 600 tonnes daily LMO from JSW's plants complex in Karnataka and Tamil Nadu to Andhra Pradesh, Telengana, Kerala, Goa, Karnataka, Tamil Nadu and Marathwada region. Another 250 tonnes of oxygen daily was being supplied from its Dolvi Raigad Maharashtra plant to Mumbai Metropolitan Region, North Maharashtra, Nagpur, Pune, Kolhapur, Nanded, Sangli, Thane, Vasai Virar, and Panvel Raigad. JSW Steel is targeting to supply around 20,000 tonnes of liquid oxygen in April from its three plants in Maharashtra, Karnataka and Tamil Nadu.

    Government of India has directed all Major Ports to waive off all charges levied by Major Port Trusts, including vessel related charges, storage charges etc, and accord highest priority in the berthing sequence to the vessels carrying consignments of

    Medical Grade Oxygen,

    Oxygen Tanks,

    Oxygen Bottles,

    Portable Oxygen Generators,

    Oxygen Concentrators,

    Steel Pipes for manufacturing Oxygen Cylinders and associated equipment for the next 3 months, or until further orders.

    India’s steel ministry announced that 2894 tonnes of Liquid Medical Oxygen were dispatched to different states on 24th April by Steel Plants in Public & Private Sector as against 1500-1700 tonnes per day a week earlier. Steel Ministry said “Total daily Medical Oxygen production capacity of steel plants is 2834 tonnes with 33 oxygen plants in both public & private sector. Captive Oxygen Plants in Integrated Steel Plants are designed to produce primarily gaseous products of Oxygen, Nitrogen and Argon and then routed through Pressure Reduction & Management System to meet the process need at desired pressure. Such plants can produce 5-6% maximum Liquid Oxygen at the peak capacity, which is a highly pure product compared to the industrial oxygen. Plants can only optimize LOX production by sacrificing some gaseous Oxygen and optimize process parameters.”

    Source - Strategic Research Institute
  12. forum rang 10 voda 26 april 2021 08:21
    Mr Gupta Employee Ms Malin Bogue Campaigned for Mr Johnson

    The Sunday Times reported that questions over the rise of the wealthy businessman Mr Sanjeev Gupta’s empire will be underlined by the revelation of a lobbyist linking him to the prime minister. An American lobbyist worked on Mr Boris Johnson’s leadership campaign while being paid by the controversial steel tycoon at the heart of the Greensill affair. Ms Malin Bogue volunteered as director of special projects during Johnson’s successful bid to become Conservative Party leader in 2019. The 31-year-old was pictured with Mr Johnson several times in her role overseeing events and visits across the country and was filmed singing pro-Brexit songs at his Westminster campaign base.

    However, while she worked on the six-week campaign, she continued to be paid by Mr Sanjeev Gupta. She simultaneously worked for Mr Gupta’s firm GFG Alliance as a public affairs manager, which involved keeping close contact with Westminster figures to promote the company. She was recommended for the role on Mr Johnson’s campaign by Conservative Selby and Ainsty MP Mr Nigel Adams who had received tens of thousands of pounds worth of donations from Gupta.

    A spokeswoman for Mr Johnson's campaign told the Sunday Times “All reportable donations to the Boris Johnson leadership campaign were correctly declared as required under electoral law. Ms Bogue was a political volunteer on the campaign, assisting with logistics. She worked free of charge and in her own time.”

    There is no suggestion that any rules have been broken. But it is yet another link between the Tory party and organisations connected to Greensill. The rules state that the work of volunteers should be declared if they are funded by another body. A GFG spokesman told the Sunday Times “Ms Malin worked for GFG Alliance as a public affairs manager between March 2018 and October 2019. Ms Malin was on gardening leave for the final six months of her employment contract and was free to volunteer in her personal capacity.”

    Source - Strategic Research Institute
  13. forum rang 10 voda 26 april 2021 08:21
    Ministry to Reduce Dependency on Steel for Highway Construction

    Union Minister for Road Transport & Highways & the Minister of Micro, Small, and Medium Enterprises Mr Nitin Gadkari during a webinar announced that the Road Transport Ministry is setting up a committee under the chairmanship of Mr K Venkataramanan to reduce the dependency on steel and cement to reduce the cost of construction and look for alternatives. Mr Gadkari said that “All steel, whether produced from ore, billets, pellets, or melting of scrap, would be allowed to be used for National Highway construction, as long as it meets the standards required for specific grades of steel. The steel proposed to be used would be tested in NABL-accredited laboratories as a third-party check before approval.”

    Mr Gadkari has been raising concerns over steel price hikes. Mr Gadkari while speaking at a virtual event of Builders Association of India on 9 January 2021 had said “Regarding steel and cement, this is really a problem for all of us. Actually, I feel this is a cartel by some big people are doing in cement and steel. All the players in the steel industry have their own iron ore mines, and do not have to face any hikes in labour or power rates, why the steel industry has been hiking prices."

    Mr Gadkari on 24 January had again highlighted the need to explore alternatives to steel as well as cement, for bringing down their prices. He had said "Steel prices have increased by 65% in the last six months. Steel and cement rates will reduce once cheaper alternatives are available.”

    On April7, Mr Gadkari in an exclusive interview with ET told “They should be brought under control. I will write to the PM about this. If this continues, how will roads be built, how will we implement the PM Awas Yojana, how will MSMEs survive? The imbalance created by cement companies will not be tolerated. They are forming a cartel and increasing prices. MSMEs are facing trouble because of this.”

    Source - Strategic Research Institute
  14. forum rang 10 voda 26 april 2021 08:22
    Mr Gupta Seeks UK Government Support in Fresh Bailout Bid

    The Sunday Times reported that Mr Sanjeev Gupta has last week written to UK’s Business Secretary Mr Kwasi Kwarteng seeking ministers co-operation on a deal. In his latest letter, Mr Gupta has sought to address officials concerns, saying that he is full transparency so the government could consider all options that could establish a sustainable future for GFG Alliance businesses in the UK. Mr Gupta wrote “The collapse of Greensill presents a financial dynamic which currently prevents working capital support from being provided to our UK businesses. We continue to seek your co-operation. Talks with prospective new lenders were progressing well and should allow full repayment for creditors and fresh group funding in a number of jurisdictions. Innuendo and misinformed public and media commentary have slowed down attempts to arrange new financing.”

    He wrote that reports that the firm had asked for a bailout were wrong. Mr Gupta urged officials to set up an investment structure using a so-called tolling arrangement, which would rescue his company through the purchase of scrap that its electric arc furnaces could convert into finished products. He wrote “It is also incumbent on me to correct any misunderstanding that may exist about the intent or contents of the letter of March 24 which continues to be misrepresented. The letter did not, as has been suggested and reported, request public funds be provided to any Liberty Steel business. There was explicit acknowledgement and acceptance that any options for co-operation that might be explored had taxpayer protection.”

    It comes after officials rejected GBP 170 million bailout when Mr Kwarteng had said that given the lack of transparency around GFG Alliance, approving the bailout would be deeply irresponsible. . As per media reports, the government refused the loan because ministers had concerns over the opaque corporate structure used by GFG, as well as whether UK taxpayer money would end up funding operations in other countries. Any assistance is more likely to come following an administration process, to support UK jobs as opposed to the corporate entity that owns it.

    Source - Strategic Research Institute
  15. forum rang 10 voda 26 april 2021 08:22
    Hoa Phat Plans to Start Dung Quat 2 Production from 2022

    Hoa Phat Chairman Mr Tran Dinh Long informed shareholders last week that the Dung Quat 2 project is part of the 10 year development plan of Hoa Phat and is relatively favourable in this period. Total HRC demand is 12 million tonnes, growing by 10% every year. Hoa Phat and Formosa made about 8 million tonnes, so they decided to invest in Dung Quat 2. Currently, Hoa Phat produces 250,000-300,000 tonnes of HRC every month, but if there is 1 million tonnes, they also sell out. Therefore, the Group is speeding up legal procedures and site clearance to deploy the Dung Quat 2 project from the beginning of 2022. The project has an expected capacity of 5.6 million tonnes per year, of which there are 4.6 million tonnes of flat steel HRC) & 01 million tonnes of high quality bar and wire rod. Expected implementation progress is 36 months from the date of handover of land and construction permit.

    He also told that Hoa Phat Dung Quat Iron and Steel Production Complex Dung Quat Dung Quat 1 has been completed and started synchronous testing from January 2021 and the millionth tonne of HRC steel was born a month later. The current factories are running at full designed capacity but have yet to meet market demand.

    With an area of 283.73 hectare, Dung Quat 2 is expected to have a total investment of 85,000 billion VND, of which fixed capital is 70,000 billion VND, working capital is 15,000 billion VND. Upon completion of this project, the steel production capacity of Hoa Phat will be 14 million tonnes per year, expected to be in the Top 25 largest steel companies in the world.

    Source - Strategic Research Institute
  16. forum rang 10 voda 26 april 2021 08:23
    Mr Gupta May Face Parliamentary Inquiry into Liberty Crisis

    This is Money reported that Mr Sanjeev Gupta faces a parliamentary inquiry into the crisis at Liberty Steel. MPs on the House of Commons business committee want to examine why the steel maker was pushed to the brink of collapse after GFG’s largest lender lender Greensill went bust in March. But questions are being raised about whether GFG companies lent money to one another. There have also been reports of invoices from businesses that claim they have never dealt with the industrialist. Tory MP Mr Richard Fuller, a member of the committee, said “Select committees are a useful way of asking probing questions to powerful people, so its right it goes ahead. We obviously don't know what will happen in the near future with Liberty and to be fair to the wider GFG Group they are pursuing refinancing. But there are questions on the group's historical financing. It would help the future stability of steel in the UK if there was the opportunity for more transparency on these issues, even if GFG is successful in securing private financing support.”

    A committee spokesman said “The committee is actively considering an inquiry examining the challenges facing Liberty Steel and the wider issues rose for the future of the steel industry. Further details will be announced in due course.”

    The 49 year-old tycoon was dubbed the saviour of UK steel when he began buying struggling plants in 2013. His collection of companies, called the GFG Alliance, employs 5,000 people in the UK, including 3,000 at Liberty Steel. But GFG has been battling for survival since Greensill Capital went bust last month. Mr Gupta is scrambling to find alternative finance. It is not clear whether he will appear before the business committee, as the scope of the inquiry is still being determined.

    Source - Strategic Research Institute
  17. forum rang 10 voda 26 april 2021 08:24
    UK Government in Daily Talks with Liberty Steel Management

    UK’s Prime Minister Mr Boris Johnson has told ITV News that the British government is talking daily to management at Liberty Steel over financial issues. However, Mr Johnson would not say if the government would bail out the steelworks, after last month the government rejected an appeal by Liberty Steel for GBP 170 million in financial aid. The Prime Minister added that “There is a huge demand for British Steel and that he wanted to see companies like Liberty benefit from this. Just in the UK alone there’s a market for a pipeline of steel five million tonnes worth that we want to make sure goes to British producers, British steel making companies. So that’s our short medium term and long term ambition. Make sure the infrastructure revolution that we are embarked on uses the abilities of companies like Liberty Steel."

    The Labour leader, Sir Keir Stamer, said that the Prime Minister should go and talk directly to steel workers about the future of their jobs rather than checking his WhatsApp group from his mates.

    GMB union National Officer Mr Ross Murdoch said "GMB had a further meeting with Kwasi Kwarteng yesterday. However, whilst group owner Sanjeev Gupta continues to exude confidence funding can be secured to protect the UK businesses, we effectively remain in the same stand-off position. GMB very much hopes that this plan A works, but we have been engaging with the Government to ensure contingency plans are in place should it fail to materialise. Ministers have confirmed to us all options to save the business is on the table, however no discussions around these options can really take place whilst plan A remains a realistic possibility."

    Source - Strategic Research Institute
  18. forum rang 10 voda 26 april 2021 08:25
    Thyssenkrupp Mulls State Aid for Steel Division

    Manager Magazin reported that Thyssenkrupp is mulling applying for state aid to strengthen its steel unit financially ahead of a spin-off. As per report, the company has held preliminary talks with North Rhine-Westphalia's regional government on possible aid, but it will actively pursue the matter after the federal elections in September.

    After terminating sale talks with Liberty, Thyssenkrupp is now focusing on cutting costs at its steel unit, Europe's second-largest, to catch up with rivals, hoping to eventually list the business or merge it with a peer.

    Source - Strategic Research Institute
  19. forum rang 10 voda 26 april 2021 08:25
    Steel Supplies from Liberty Steel in Europe Reportedly Hit

    Argus reported that Liberty Steel's Liege plant in Belgium and Dudelange plant in Luxembourg have cancelled 2020 contracts and stopped deliveries to numerous customers. As per Argus report, one northern European buyer said it had not received coil for seven days and that Liberty's supply arrears were worse than those of any other mill. Buyers in France and Italy also said they had had contracts cancelled, while a trading firm said it was owed 1,000 tonnes that should have been delivered this year.

    Some customers have been receiving cold-rolled coil from Liege's stocks in the last week, but the plant's galvanising line has not been running for a few weeks because of a lack of substrate. Some customers have been told they must cancel existing orders, which they were already forced to renegotiate early this year at higher prices for April delivery at the latest, and supply their own hot-rolled coil for the plants to process. The company advised customers that it needs to look into the legalities of ownership of the HRC to ensure toll-processing is possible.

    Liberty has had struggled to secure substrate from its main supplier, ArcelorMittal, in the last year or so. ArcelorMittal has been supplying the lines recently, but on a cash-upfront basis. Proforma payment has become increasingly difficult, given steep price rises and the company's strained working capital position. It did manage to secure some feedstock from elsewhere in the last couple of months, by importing and having traders finance the material.

    Source - Strategic Research Institute
  20. forum rang 10 voda 26 april 2021 08:26
    Kingspan Invests in H2 Green Steel

    Leader in advanced insulation and building envelope solutions Kingspan announced an investment in H2 Green Steel, a company pioneering new green production methods for steel manufacturing using hydrogen. Kingspan is investing in a Series A equity fundraising round due to close later this month. Earlier announced investors in the same fundraising round include Scania, the IMAS Foundation, a sister foundation to the INGKA Foundation the owner of INGKA Group, who owns and operates the majority of IKEA stores globally, and Vargas. Kingspan expects to ultimately be a single-digit minority shareholder alongside a similarly minded forward-thinking group of investors who wish to catalyse a transition to low-carbon steel. Kingspan’s investment also reflects an intention to enter into a long-term supply agreement with H2GS, to supply a substantial share of Kingspan’s future steel requirements. Kingspan is the first building materials company globally to make a commitment to procure H2 Green Steel at scale.

    The building and infrastructure sectors are the biggest users of steel, accounting for 52% of global demand, compared to 12% from the car industry. Steel accounts for 7% of emissions emitted globally.

    The new source of steel is an important element in Kingspan’s Planet Passionate sustainability strategy, an industry-leading decarbonisation programme with a goal to halve carbon intensity in Kingspan’s primary supply chain, and to reduce its manufacturing carbon emissions to as close to zero as technically possible.

    H2GS’s production process replaces coke and coal with green hydrogen to achieve an almost a totally CO2-free steel product. The process abates about 95% of the CO2 emissions associated with traditional blast furnaces steel makers: one tonne of H2GS steel will emit less than 0.1 tonne of CO2 compared to more than two tonnes of CO2 emitted producing a traditional tonne of steel.

    The green hydrogen gas is produced by electrolysis using electricity generated from hydropower and wind power which is plentiful in the Boden-Luleå region in northern Sweden where H2GS is constructing the world’s first large-scale green steel production site. The total financing for the first phase of the project amounts to approximately EUR 2.5 billion, the majority of which will be financed through green project financing, and Kingspan will be an early stage equity investor. Production will commence in 2024, and by 2030 the plant will be producing 5m tonnes of green steel annually. Henrik Henriksson, currently CEO of Scania (VW-Group), will lead the company from May 1st, 2021.

    Moving to use of only low emissions steel would see Kingspan reduce embodied carbon in its insulated panel products by approximately over 45%. It would also make a substantial contribution towards Kingspan’s 2030 goal of cutting scope 3 emissions from its supply chain by 50%, by delivering up to a 35% reduction in the Group’s scope 3 emissions.

    A total shift to green steel will take time, and Kingspan will continue to buy steel from other current supply chain partners, but the clear environmental benefits of these new production methods mean Kingspan will be encouraging and supporting all its steel suppliers’ efforts to decarbonise.

    65% of Kingspan’s business revenue comes from the sale of its insulated panels, which sandwich high-performance insulation between steel panels for use on building facades. With a typical metre of insulated panel using around 8 kilograms of steel, the quantum of impact that green steel procurement could have is self-evident.

    Source - Strategic Research Institute
35.173 Posts
Pagina: «« 1 ... 1310 1311 1312 1313 1314 ... 1759 »» | Laatste |Omhoog ↑

Meedoen aan de discussie?

Word nu gratis lid of log in met je emailadres en wachtwoord.

Direct naar Forum

Premium

ArcelorMittal slaat opnieuw alarm: China dumpt vrolijk verder

Het laatste advies leest u als abonnee van IEX Premium

Inloggen Word Abonnee

ArcelorMittal Nieuws

  1. Deutsche Bank verhoogt koersdoel ArcelorMittal
  2. AEX start 2025 optimistisch
  3. Video: Beursexperts matig positief voor 2025 maar retailbeleggers stuk optimistischer
  4. Experts: AEX stijgt in januari onder aanvoering van ASML
  5. Defensieve aandelen aan kop in 2024
  6. Mondiale staalproductie weer licht gestegen
  7. Beursblik: Saxo ziet optimisme over Amerikaanse aandelen luwen
  8. Citi verkiest Arcelor boven Prosus
  9. Video: goede kaarten voor eindejaarsrally in december
  10. Experts optimistischer over december met ASML en Adyen als toppers