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Aandeel ArcelorMittal AEX:MT.NL, LU1598757687

Laatste koers (eur) Verschil Volume
22,210   -0,060   (-0,27%) Dagrange 22,110 - 22,290 1.426.426   Gem. (3M) 2,2M

Nieuws en info hier plaatsen (deel 4)

35.173 Posts
Pagina: «« 1 ... 1314 1315 1316 1317 1318 ... 1759 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 30 april 2021 15:16
    Omgevingsdienst versoepelt toezicht op slakverwerker Harsco
    Van onze redacteur 13:43

    Na ruim twee jaar wordt het toezicht op Harsco vanaf mei versoepeld. Het Amerikaanse bedrijf dat afval verwerkt op het terrein van staalproducent Tata Steel in IJmuiden heeft de afgelopen periode verschillende verbeteringen doorgevoerd om overlast te verminderen.

    Dat heeft de Omgevingsdienst Noordzeekanaalgebied vrijdag bekendgemaakt. Volgens de toezichthouder hebben de verharde wegen en de ingebruikname van een nieuwe fabriekshal effect waardoor het aantal meldingen van stofverspreiding 'aanmerkelijk' is afgenomen.

    Granietregens
    Harsco HSC$18,35-- verwerkt slakken die als restproduct vrijkomen bij de staalproductie. Omwonenden hebben door dit verwerkingsproces al jaren last van grafietregens, met gezondheidszorgen tot gevolg. Er loopt nog een strafzaak tegen het bedrijf.

    Het Amerikaanse bedrijf staat nog steeds onder regulier toezicht van de Omgevingsdienst. Die zal dit jaar in elk geval twee keer controleren of het bedrijf zich aan de verbeteringen houdt. Daarnaast zal de dienst, net als bij Tata Steel, onaangekondigd controles blijven uitvoeren.

    Originele link van het artikel: fd.nl/ondernemen/1382143/toezicht-op-...
  2. forum rang 10 voda 30 april 2021 18:01
    ArcelorMittal koppelt kredietfaciliteit aan duurzaamheidsdoelen
    Betreft doorlopende faciliteit van 5,5 miljard dollar.

    (ABM FN-Dow Jones) ArcelorMittal heeft met zijn kredietverstrekkers overeenstemming bereikt over een aanpassing van eden doorlopende kredietfaciliteit van 5,5 miljard dollar, waardoor die wordt gekoppeld aan de duurzaamheidsdoelen van de staalproducent. Dit meldde het staalbedrijf vrijdag.

    Het gaat om de berekening van de te betalen rentes, die worden gekoppeld aan de prestaties van ArcelorMittal op het gebied van duurzaamheid en emissiereductie.

    ArcelorMittal wil zijn CO2-uitstoot in 2030 met 30 procent hebben teruggedrongen en streeft ernaar om in 2050 klimaatneutraal te zijn.

    Verder is het bedrijf met zijn kredietverstrekkers overeengekomen dat het convenant voor de schuldratio in het doorlopende krediet komt te vervallen in het geval dat ArcelorMittal een zogeheten investment grade met stabiele outlook krijgt van ten minste twee kredietbeoordelaars.

    Door: ABM Financial News.

    info@abmfn.nl

    Redactie: +31(0)20 26 28 999
  3. forum rang 10 voda 3 mei 2021 07:52
    Indian Steel Makers to Set Up 10000 Beds for COVID Treatment

    India’s Steel Minister Mr Dharmendra Pradhan said on Friday that the government has directed steel companies to set up 10,000 oxygenated beds for treating COVID-19 patients. While 5,000 beds will be set up by the steel PSUs SAIL, RINL, NMDC & MOIL, another 5,000 will be established by private companies like Tata Steel, JSPL, JSW Steel and AMNS India. India’s Prime Minister’s office separately announced on Sunday that “It is expected that around 10,000 oxygenated beds can be made available in a short period of time by making temporary hospitals near such plants. State governments are being encouraged to set up more such facilities with oxygenated beds to deal with the pandemic.”

    Steel Authority of India Limited is planning to set up jumbo medical facilities of about 2500 beds with the support of gaseous oxygen for Covid treatment in addition to the facilities currently available at SAIL’s five integrated steel plants at Bhilai in Chhattisgarh, Bokaro in Jharkhand, Rourkela in Odisha and Durgapur & Burnpur in West Bengal. These jumbo facilities are being planned outside the existing hospital facilities and shall have oxygen support through a dedicated gas line drawn directly from the steel plants instead of extracting gaseous oxygen from liquid medical oxygen as is being done in the own hospitals of SAIL currently. In the first phase, the company will set up about 700 beds which will be scaled up to 2500 beds across all the five locations.

    Steel Minister has directed RINL to build facilities for providing Covid Care to 1000 patients in Ukkunagaram, township of Visakhapatnam Steel Plant. Fabrication work for cots for Covid Care Hospital is going on in a full swing at Utility Equipment Repair Shop inside plant premises. All the necessary material procurement and arrangements to facilitate the clinical delivery of medical Oxygen near the patient bed are being expedited.

    AM/NS India, in alliance with the Government of Gujarat and District Administration Surat, on 27 April has set up a 250-bed COVID care hospital at Hazira, which will receive an uninterrupted supply of oxygen gas from its plant. This facility will be scaled up to a 1000-bed centre in the near future.

    Tata Steel inaugurated COVID Hospital at Sitalapalli near Berhampur Ganjam in Odisha on 30 April. Funded by Tata Steel, the hospital has been handed over to the district administration to be run under their guidance by Hi-Tech Hospitals. The 200-bed hospital includes 55 ICU beds with ventilators.

    Source - Strategic Research Institute
  4. forum rang 10 voda 3 mei 2021 07:53
    US Steel Drops Investment Plans at Mon Valley Works

    Almost two years ago, US Steel had announced an investment in state-of-the-art steel casting and rolling technology and a cogeneration plant at the Mon Valley Works. Now, US Steel announced that US Steel is setting aside this project as we step forward to meet the needs of a rapidly changing world. US Steel said “In this world we need to find aggressive decarbonization solutions. The project we had planned in 2019 would have decreased our carbon footprint, but we must now move farther and faster. Just as steel transformed the world, the world is now transforming steel.”

    US Steel said “Over the past two years we have carried the ball down the field as far as possible without the issuance of the permits necessary to begin construction, which we applied for when we announced the project, ten months prior to the onset of COVID-19. We commissioned the manufacturing of the equipment and began site preparations. However, with over USD 170 million invested and equipment being stored in Pittsburgh-area warehouses, we’re still only at the beginning stages of project execution. By contrast, during this same time period, a competing steel manufacturer in another state announced a new steel mill and will be ready to make steel this year.”

    It also said “A lot has changed in those two years. At the onset of the pandemic, US Steel agreed with the need for the County Health Department to temporarily delay its permitting process for the Mon Valley Works, but this delay allowed for a consequential window of time during which we expanded our understanding of steelmaking’s future in a rapidly decarbonizing world. The world is changing rapidly and we’re on the ten-yard line with 90 yards ahead of us.”

    This month, US Steel announced goal to achieve zero carbon emissions by 2050.

    Source - Strategic Research Institute
  5. forum rang 10 voda 3 mei 2021 07:54
    Metalloinvest to Build EAF & Rolling Mill at OEMK

    Russian mining and metallurgy company Metalloinvest will build a new electric arc steelmaking furnace DSP-5 and a complex steel processing unit AKOS-4 at the Oskol Electrometallurgical Plant named after AA Ugarova. The main process equipment and services will be supplied by Danieli. The Company's investments in the project will amount to about 6.4 billion rubles. The productivity of EAF-5 will amount to 1.2 million tonnes of liquid steel per year, AKOS-4 1.3 million tonnes per year. DSP-5 is scheduled to be commissioned in 2023, AKOS-4 in 2024.

    Steel smelting in DSP-5 will be carried out entirely from metallized pellets, which will lead to a decrease in harmful impurities. Working with a liquid metal residue will minimize the ingress of furnace slag into the ladle with metal, which will reduce the amount of non-metallic inclusions in steel.

    After the launch of AKOS-4, the plant will produce 100% of the steel smelted using modern technology, this will increase the quality and competitiveness of the products. It will be producing quality steel grades, including special bar quality steel for the automotive, bearing and other industries. The implementation of the project will strengthen Metalloinvest's positions on the Russian and international markets

    The specific consumption of electricity and furnace electrodes will be reduced. Within the framework of the project, the electric arc steelmaking furnace No 2 will be decommissioned and an AKOS-4 will be built in its place.

    Source - Strategic Research Institute
  6. forum rang 10 voda 3 mei 2021 07:55
    ArcelorMittal Amends USD 5.5 Billion Revolving Credit Facility

    ArcelorMittal announced that it has agreed with the lenders of its USD 5.5 billion Revolving Credit Facility an amendment that will link the calculation of loan margins to key indicators of its performance in meeting its sustainability and emissions reduction goals. Under the amended RCF, the largest ESG linked facility of its kind in the metals and mining sector, the margin payable will be increased or decreased depending on ArcelorMittal’s performance against certain metrics related to its environmental and sustainability performance. The metrics measured include the CO2 intensity of ArcelorMittal’s European operations and the number of ArcelorMittal facilities globally which have been certified by ResponsibleSteel by the end of each year.

    ArcelorMittal has set a group-wide target of reaching carbon neutrality by 2050, and a 30 per cent CO2 reduction target for its European operations by 2030. The Company has identified two breakthrough carbon-neutral technology routes, Smart Carbon and Innovative DRI. Its two flagship Smart Carbon initiatives, Carbalyst (a carbon capture and reuse project) and Torero (converts waste wood into bio-coal which is used as a replacement for coal in the blast furnace) will both come on stream at the Company’s plant in Ghent, Belgium, next year, while in Hamburg, Germany it is developing an industrial-scale project to use hydrogen instead of natural gas in the direct reduction of iron ore.

    In addition, it has been agreed that the leverage ratio financial covenant currently contained in the RCF will fall away in the event that ArcelorMittal obtains an investment grade long-term credit rating (with a stable outlook) from two rating agencies.

    The RCF was signed on 18 December 2018 and remains undrawn and available for the Group’s general corporate purposes. Crédit Agricole Corporate and Investment Bank acted as ESG coordinator.

    Source - Strategic Research Institute
  7. forum rang 10 voda 3 mei 2021 07:56
    JSW Steel Completes Purchase of Welspun Plate Mill

    JSW Steel has completes the purchase of Welspun unit. JSW Steel informed “JSW Steel has acquired the high-grade steel plates and coils business of Welspun Corp on slump sale basis. Towards this acquisition, the company has paid INR 225 crore to Welspun Corp as on 30 April 2021. The balance consideration, which is subject to closing adjustments towards net working capital, shall be paid on a deferred basis, subject to Welspun fulfilling certain regulatory approvals and payment milestones as provided under the Business Transfer Agreement dated 31 March 2019, as amended from time to time. “

    JSW Steel Ltd announced on April 2 that it has completed the acquisition of Welspun Corp’s high-grade steel and coil business, two years after the deal was signed. JSW Steel Limited and Laptev has entered into an Assignment Agreement dated 31 March 2021, for the assignment of all the rights and obligation of Laptev in favour of JSW, under the Business Transfer Agreement executed between Laptev and Welspun Corp Limited on 31 March, 2019 and amendments thereon including the amendment dated 31 March 2021 executed for a consideration of INR One Crore only and applicable taxes. As per the Business Transfer Agreement, Laptev had agreed to acquire from Welspun, as a going concern on slump sale basis, the business of manufacturing of high-grade steel plates and coils PCMD Business for a consideration of INR 848.50 Crores, which is subject to closing adjustments towards net working capital. Subsequent to the assignment of the Business Transfer Agreement to JSW, the closing has occurred on 31 March 2021 and consequently Welspun has transferred the PCMD Business to JSW as on 31 March 2021.

    As a part of the transaction, JSW shall also purchase a parcel of land pertaining to PCMD Business from Welspun Steel Limited for INR One Crore Fifty Lakhs. The consideration amounts will be paid on a deferred basis, subject to Welspun fulfilling certain regulatory approvals and payment milestones as provided under the Business Transfer Agreement.

    Welspun on March 31, 2019, announced the sale of its plate, coil mill and power divisions. While Welspun sold its plate and coil mill division to Laptev Finance, the power division, comprising 43 megawatts in generation capacity, was sold to Welspun Captive Power Generation. The competition regulator approved the proposal in November 2019.

    Commissioned in September 2007, with an annual rolling capacity of 1.5 million tonnes, Welspun’s Plate and Coil Mill division has been in the mainstay in API line pipe standard, producing high grade steel plates, coils and also supplying commercial grade products in thickness range of 8-140mm in 1500-4500mm widths & length of 6000-18000mm with maximum single plate weight of 35 tonnes. The plates and coil mill division will be of strategic importance for JSW Steel to expand its value-added and special products portfolio, particularly plate mills in which the company has so far not been present

    Plate & Coil Mill Facilities

    200 Ton Stein Heurtey Digital Re-heating furnace with Level-2 model

    11MW Single stand Reversible Steckle Mill attached with Vertical Edger

    60 meter long accelerated cooling system

    2500 KW Down coiler

    60 Meter Long plate cooling bed

    100 % Body UT Machine

    Edge Milling Machine

    Material Testing Laboratory

    Bogie Hearth Normalizing Furnace

    Source - Strategic Research Institute
  8. forum rang 10 voda 3 mei 2021 07:57
    India Extends ETP Quality Control Implementation to 17 July

    India’s Steel Ministry announced on 16 April 22021 that the date of enforcement of the following Indian Standards is extended for three months till 17th July 2021

    IS 1993: 2018 - Cold-reduced Electrolytic tin plate

    IS 12591:2018 - Cold reduced electrolytic chromium & Chromium oxide-coated steel

    India’s Metal Container Manufacturers’ Association said that while it appreciates the support given by the Government by providing a 3 months extension but this will not be helpful at all. The Association had requested the Ministry of Steel to postpone the implementation of the QCO till sufficient quantity of tinplate & tin free steel is produced locally to meet the industries demand of 700000 tonnes per annum.

    The steel and steel products quality control order dated 17 July 2020, which directs usage of BIS certified raw materials, has had an impact on the metal container packaging industry in India. This has resulted in a shortage of raw materials as imported inputs don't have BIS certification, although they comply with recognised International Standards. Following representations by the MCMA, the government had previously postponed it till 17 April 2021 and now have granted a further three month extension, but the industry seeks more time for implementation of QCO, at least till March 2022.

    Source - Strategic Research Institute
  9. forum rang 10 voda 3 mei 2021 07:58
    Iran’s 2025 Vision Outlines 55 Million Tonnes of Steel Production

    Iranian media reported that Iran plans to produce 55 million tonnes of steel annually in 2025 Outlook. Iran’s Deputy Ministry of Industry, Mine and Trade Mr Vajihollah Jafari said “According to the latest studies, 39.4 million and 37.18 million tons of steel ingot and sponge iron were produced by the end of the last Iranian calendar year in 1399, ended 20 March 2021, respectively.”

    Me Jafari pointed to a 25-Year Memorandum of Understanding inked with China and positive achievements that can bring about for Iranian mining and mineral industry and stated that development of steel industries with the participation of Chinese investors as joint venture will empower the country to export more of its products to target markets coupled with creation of new investment opportunities in this field.

    Iranian Mines and Mining Industries Development and Renovation Organization CEO said that about €4.439 billion worth of foreign currency is needed for realizing the objective of producing 55 million tonnes of steel in the country in a way that a considerable portion of this investment amount has been provided up to the present time.

    Source - Strategic Research Institute
  10. forum rang 10 voda 3 mei 2021 07:58
    Danieli Commissions Tandem Cold Strip Mill at Tatmetal Çelik

    Installed in Eregly in Turkey and linked to an existing continuous pickling line, the new tandem mill of Tatmetal Çelik is in full operation. The mill consists of five, 6-high mill stands with 22,000-kN separating force to roll quality high-strength strip from 0.2 to 3.0 mm thick, up to 1550-mm wide, with superior flatness correction capabilities for 1.2 million tonnes per year of cold rolled strip. The operational flexibility is ensured thanks to the installation of positive/negative work-roll and intermediate roll bending, and intermediate roll-shifting systems on each stand, with the possibility of using tapered or shaped rolls. Additionally, final strip shape is controlled by an in-line shapemeter providing feedback on bending, tilting and selective cooling headers on mill stand # 5.

    Ultra-low hysteresis HAGC with a 45% faster response time ensures precise control of strip thickness. As a result, strip thickness tolerance decreases down to +/- 0.6%, head/tail off-gauge length are lower than four meters, and strip flatness less than 6IU.

    Sealing the exit strip gap at rolling mill exit stand, Danieli-patented Confined Jet Dryer effectively removes any droplets from the strip surface, guaranteeing high-quality strip surface appearance.

    All electrical equipment and control systems providing an integrated and optimized system configuration have been supplied by Danieli Automation.

    Source - Strategic Research Institute
  11. forum rang 10 voda 3 mei 2021 08:01
    Gazprom Neft to Produce Graphite Electrodes for Steel Industry

    Russian petroleum giant Gazprom Neft has begun implementing an investment project to develop a cutting-edge graphite-electrode plant in the Avangard Special Economic Zone in Omsk. Products from the future plant, which will be fully compliant with the highest international standards, will be used in producing high-grade steel in Russia. Target capacity at the plant is 30,000 tonnes per year, which will cover domestic steel manufacturers’ increasing demand for heavy-duty graphite electrodes, significantly reducing the domestic metallurgy industry’s dependence on imports.

    The new plant will be integrated into Gazprom Neft’s end-to-end production chain. The raw material for producing graphite electrodes, petroleum needle coke, will be sourced from the Omsk Refinery’s Delayed Coking Unit. Modernisation of this complex is currently ongoing, completion of which will allow the Omsk Refinery to become the first needle-coke producer in Russia: all of this raw material being currently imported.

    The future plant will be operated by Gazprom Neft subsidiary Gazpromneft-Bitumen Materials.

    Large-diameter UHP graphite electrodes are mainly used in electric arc furnaces to produce steel. Electric currents pass through the electrodes into the body of the furnace, where they are converted into heat. Graphite’s unique properties of high conductivity, low fusibility, and mechanical integrity mean the electrodes can withstand the extreme conditions involved in metal production, specifically, temperatures of more than 3500 degree Celsius.

    Source - Strategic Research Institute
  12. forum rang 10 voda 3 mei 2021 08:02
    Turkish ASLANLI Metallurgy Bids for KVV Liepaja Metalurgs

    Latvian Television reported April 30 on new developments regarding the future ownership of the former KVV Liepajas Metalurgs Steelworks in Liepaja in western Latvia located on the Baltic Sea, which has already been the subject of numerous legal wrangles and controversies. According to LTV, an agreement has been signed to sell the plant's electrical steel melting complex and real estate to a Turkish investor ASLANLI Metallurgy for an undisclosed amount, though LTV suggested the sum was around 3 million euros. However, the management of Liepaja City Council and Special Economic Zone is considering using its pre-emption right to purchase the works themselves to prevent the sale.

    On April 30, 2021, SIA FeLM has entered into a purchase and sale agreement for movable and immovable property of the electric steel smelting complex located in Liepaja with ASLANLI Metalürji ve Metal Ürünler Sanayi ve Ticaret A.S. owner of the company Hamdi Alaedins Ejuboglu SIA Liepaja Steel. The terms of the agreement concluded between the parties contain a trade secret and are therefore not disclosed.

    As previous atempts to auction off the assets had not yielded the expected result, in December 2020, changes were made to the sales strategy by organizing a tender. Several potential buyers from Europe and Asia participated in the tender and the buyer who offered the highest price was ASLANLI Metalürji ve Metal Ürünleri Sanayi ve Ticaret AS. The administrator said "The buyer acquires the property rights to the assets after payment of the purchase amount in full and provided that the Liepaja Special Economic Zone Authority does not exercise the pre-emption right to the real estate included in the transaction."

    According to LTV the company's planned investment amount in the next 3-5 years is estimated at 200 million euros. Initially, 400 to 450 employees would be needed to restart the company's operations, but when activating the operation, the average number of employees would reach 700 to 1,000. The company's turnover is planned to be 500 to 600 million euros, working at full capacity.

    In March 2018, Austrian company Smart Stahl GmbH had won the auction for the sale of the insolvent KVV Liepajas metalurgs with its price of EUR 1.9 million. The initial price of the assets in question was set at EUR 1.33 million. Smart Stahl GmbH’s sole owner is Cyprus-based Segoa Ventures Limited.

    KVV Liepajas metalurgs was declared insolvent in September 2016.

    Source - Strategic Research Institute
  13. forum rang 10 voda 4 mei 2021 08:09
    Tata's donkere wolken
    Anna Dijkman 00:30

    Het regent niet alleen grafiet rond Tata Steel maar ook slecht nieuws. De Zweden zagen af van een overname want te weinig duurzaam. Het RIVM constateerde dat ziektes zoals longkanker vaker voorkomen in de fabrieksomgeving. Toezichthouders tikten het bedrijf op de vingers vanwege nalatigheid rond gifuitstoot. Het OM onderzoekt vervolging en ook Bénédicte Ficq loopt zich warm voor een strafzaak.

    Tata’s respons wisselt tussen ‘alles gaat volgens de regels, u kunt rustig slapen’ (wel met het raam dicht anders wordt uw dekbed zwart) en ‘we gaan verbeteren, nu écht!’. Tata doet wat moet, vooral voor zichzelf.

    Maar beschermt de overheid haar burgers wel genoeg? Over die vraag gaat de Onderzoeksraad voor Veiligheid zich nu buigen. De provincie en inspectie drongen al aan op strengere milieueisen, al is het onduidelijk wie die moet opstellen. Het systeem voor milieuvergunningen en -toezicht werd dan ook eerder dit jaar nog gekraakt door Rekenkamer en de commissie-Van Aartsen.

    De overheid mag Tata economisch en strategisch belangrijk vinden maar ten koste waarvan? Dit pappen en nathouden leidt tot niets, behalve naar een nieuwe parlementaire enquête.

    Originele link van het artikel: fd.nl/opinie/1382329/tata-s-donkere-w...
  14. forum rang 10 voda 4 mei 2021 11:11
    Factory Orders & Production in India in April Rise at Slow Rates

    Economic conditions in India's manufacturing sector remained favourable in April, as companies scaled up production in line with a further improvement in demand. While output and sales increased at the slowest rates since last August due to an intensification of the COVID-19 crisis, there was a faster upturn in international orders. Moreover, quantities of purchases expanded at one of the strongest rates seen for over nine years as firms sought to boost their inventories. Survey participants also signalled a steep increase in input costs, the quickest since July 2014, and upward revisions to selling prices. The rate of charge inflation climbed to the highest in seven-and-a-half years. The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers' Index was at 55.5 in April, little-changed from March's reading of 55.4 and indicating a solid improvement in the health of the sector. Consumer goods was the strongest-performing category, followed by capital goods and then intermediate goods

    Key findings

    Growth of sales and output ease further

    Firms step-up input buying amid efforts to rebuild stocks

    Sharp increases in input costs and selling charges

    Both new orders and output at Indian manufacturers expanded at marked rates that were nevertheless the slowest in eight months. Growth was attributed to a pick-up in demand and marketing efforts, though hampered bytheCOVID-19 pandemic.

    New export orders increased for the eighth consecutive month in April and at the fastest rate since October 2020. The rise was associated with a pick-up in international demand for Indian goods, with all three monitored sub-sectors registering expansion.

    Sustained growth of new work and greater output requirements boosted input buying during April. Purchasing activity expanded at one of the strongest rates recorded over the past nine years.

    Subsequently, stocks of purchases continued to increase. The accumulation was the eighth in successive months and sharp.

    Goods producers noted the steepest rise in input prices since mid-2014. Anecdotal evidence highlighted higher chemical, energy, metal, plastic and transportation costs. As a result, factory gate charges increased further. The rate of inflation was sharp and the fastest seen for seven-and-a-half years.

    Although manufacturing employment continued to fall, the rate of contraction recorded in April was marginal and the weakest in the current 13-month sequence of job shedding.

    Outstanding business rose in April, as has been the case on a monthly basis for a year. That said, the rate of accumulation was marginal and little-changed from March.

    Meanwhile, there was another decline is stocks of finished goods as companies reportedly utilised existing inventories to meet sales requirements. Some firms also linked the fall in postproduction stocks to a lack of raw material availability.

    Underlying data showed a further deterioration in vendor performance, but supplier delivery times lengthened to a lesser extent in April. Delays were often blamed on the COVID-19 pandemic, transportation issues and material shortages.

    IHS Markit’s Economics Associate Director Pollyanna De Lima said “The PMI results for April showed a further slowdown in rates of growth for new orders and output, both of which eased to eight-month lows amid the intensification of the COVID-19 crisis. Still, the increases were strong by historical standards and the survey revealed other positive news. New export orders surged to the fastest since last October and buying levels expanded at one of the sharpest rates seen for nine years. Also, the downturn in employment eased and business confidence towards the one-year outlook strengthened. The headwinds facing manufacturers cannot be ignored, however. The surge in COVID-19 cases could dampen demand further when firms' financials are already susceptible to the hurdle of rising global prices. April saw the steepest increase in input costs for nearly seven years drive the sharpest upturn in output charges since October 2013. Data for the coming months will be important at verifying whether client demand is resilient to these challenges or if producers will have to further absorb cost burdens themselves to secure new work."

    Source - Strategic Research Institute
  15. forum rang 10 voda 4 mei 2021 11:11
    Germany to Chip In for Hydrogen Based Steel Production

    Bloomberg reported that Germany will spend an additional EUR 5 billion to cut emissions from the steel industry as it steps up efforts to meet increasingly stringent climate targets. Germany’s Economy Minister Mr Peter Altmaier, after a meeting with representatives of the German steel industry, said “Steel is a key industry for Germany. At the same time, it has a special role in efforts to reduce emissions because it is the largest industrial emitter of greenhouse gases. Germany will invest in supporting steel mills hydrogen production projects and other research programs. The funds will also help build the infrastructure necessary to facilitate conversion to low-emission metal production.”

    Mr Altmaier said “By 2050, Germany will need to invest more than EUR 35 billion to reduce greenhouse gas emissions from the sector. The steel industry has made it clear that it is prepared to make a significant contribution to climate neutrality. However, this will not be financially viable without the help of the state. The government is prepared to offer subsidies up to the maximum allowed by EU state aid rules to green the industry.”

    Steel producers have made some progress in reducing carbon emissions by improving plant efficiency, but now innovation has stalled. Cleaning the steel would require a structural change such as using hydrogen instead of coal to heat the furnaces. That would greatly increase production costs

    Last July, the Federal Cabinet decided on a “Steel Action Plan” to support the industry. However, there have not yet been any concrete financing commitments for the billions of euros in the conversion of the steel works.

    Source - Strategic Research Institute
  16. forum rang 10 voda 4 mei 2021 11:13
    China Likely to Achieve Peak Carbon Emission Targets

    South China Morning Post reported that Chinese energy experts are optimistic the China will reach peak carbon emissions by 2025, five years ahead of the carbon neutrality by 2060 with its emissions peaking before 2030 target pledged by President Mr Xi Jinping to the UN General Assembly in September 2020. Non governmental research group Energy Foundation China President Mr Zou Ji said that the probability of reaching peak emissions nationwide by 2025 is high. He said “We have conducted a thorough analysis of the provincial data from 2010 to 2018 and we found 13 provinces and municipalities, which account for 43% of China’s emissions, have reached peak emissions. Another 10 provinces and municipalities, or about 37% of the total emissions, will hit peak emissions by 2025. With provinces and cities that contribute around 80% of China’s emissions having peaked or expected to peak before 2025, there is a high probability China will achieve peak emissions by 2025 nationwide.”

    Mr Zou said “Peak emissions have been achieved in some cities and provinces in eastern China including Beijing, Shanghai, the port city of Tianjin, and Jiangsu province. He added that these areas all had high-income levels, better industrial structures and a robust service sector. North-eastern provinces, such as Heilongjiang and Jilin, had also achieved peak emissions, but this was largely because of the economic recession. Provinces with good renewable sources which have adjusted their energy structure make up another group, such as Qinghai.”

    There is almost consensus among energy experts that the power sector, which accounts for about 40% of the country’s total carbon emissions, could hit peak emissions by 2025. This can be achieved by increasing the share of renewables, adjusting the power grid and developing energy storage devices. Institute of Clean Energy at Peking University researcher Mr Yang Fuqiang said that China’s energy sectors are also on track. He said “China’s coal consumption had not increased since 2013. The share of coal in the energy mix would be reduced to 48% by about 2025, about 9% drop compared with 2020. China’s crude oil consumption would reach a peak of 730 million tonnes by 2025, while natural gas consumption would continue to increase and peak by 2030, although the increase in emissions from natural gas would be lower than the reduction from coal and oil. If the two main fossil fuels can achieve peak emissions by 2025, I think China has a high probability to hit peak emissions by 2025.”

    According to the steel industry’s draft peak emissions action plan which is under review, steel sector, which accounts for 15% of China’s total carbon emissions, is expected to hit peak emissions before 2025 and achieve an emissions cut of 30 per cent from peak by 2030. Beijing-based China Metallurgical Industry Planning and Research Institute Chief Engineer Mr Li Xinchuang, of, which helped to draft the action plan, said the trend is towards development of mini steel mills which usually use an electric arc furnace to produce steel from recycled scrap. He said “China’s electric arc furnace steelmaking capacity only accounts for 10.4% of total capacity, in stark comparison to the 70% in the United States and 30% of the world’s average level.”

    Source - Strategic Research Institute
  17. forum rang 10 voda 4 mei 2021 11:15
    Caixin China Manufacturing PMI picks up to 4 Month High in April

    Latest survey data indicated that growth momentum picked up across China's manufacturing sector in April, with firms reporting the strongest increases in output and sales for four months. This supported renewed expansions in employment and purchasing activity. However, the time taken for inputs to be delivered continued to lengthen amid reports of material shortages and logistical delays. Prices data meanwhile showed that higher raw material costs led to a steeper increase in input prices, which were generally passed on to clients in the form of higher charges. The headline seasonally adjusted Purchasing Managers' Index , a composite indicator designed to provide a single-figure snapshot of operating conditions in the manufacturing economy, rose from an 11-month low of 50.6 in March to 51.9 in April. This signalled the strongest improvement in the health of the sector since December 2020, albeit one that was modest overall.

    Key findings

    1. Stronger increases in output and new orders

    2. Employment returns to growth

    3. Companies signal further marked rise in input costs

    Total new orders rose for the eleventh month running in April, with manufacturers widely commenting on improved market conditions and greater customer demand. Though mild, the rate of growth was the strongest in 2021 to date, and supported by a further upturn in export sales.

    Greater inflows of new work led goods producers in China to expand production volumes again in April, with the rate of expansion also improving to a four-month high.

    The sustained increase in sales also led to a further accumulation in backlogs of work, with the rate of growth picking up since March. Consequently, manufacturers added to their staff numbers for the first time in five months.

    Though only marginal, the rate of job creation was the second-fastest seen in over eight years

    Goods producers in China also upped their purchasing activity in order to support higher production volumes. Though moderate, the rate of expansion was the steepest seen since December 2020. On the inventories front, stocks of inputs were broadly stable, white inventories of finished items fell modestly.

    The time taken for purchased inputs to be delivered continued to lengthen in April, and to a greater extent than in March. Firms frequently mentioned that raw material shortages and logistical delays had driven the latest decline in vendor performance.

    Prices data showed a further rapid increase in input costs amid reports of supplier price hikes (with metals and chemicals mentioned in particular). Notably, the latest increase in expenses was the quickest since November 2017. As part of efforts to alleviate pressure on margins, companies often passed on higher costs to customers through higher factory gate charges, which rose sharply overall.

    Output expectations remained markedly upbeat in April, despite the level of positive sentiment edging down to a three-month low. Hopes of an end to the COVID-19 pandemic and the release of pent up demand, alongside new product releases, reportedly drove confidence.

    Source - Strategic Research Institute
  18. forum rang 10 voda 4 mei 2021 11:16
    Salzgitter Raises Earnings Forecast for Financial Year 2021

    According to the still preliminary figures now available, the Salzgitter Group generated a pre-tax profit of EUR 117.3 million in the first quarter of the financial year 2021, thereby exceeding current market expectations. This performance was especially attributable to the gratifying results of the Strip Steel and Trading business units, as well as a contribution of EUR 42.5 million (Q1 2020: EUR minus 18.7 million) from Aurubis AG, a participating investment included at equity (IFRS accounting). Almost all segments reported a steady increase in their monthly results over the course of the quarter. The Salzgitter Group’s external sales came in at EUR 2.1 billion, thereby remaining stable compared with the first quarter of 2020 (EUR 2.1 billion).

    Salzgitter said “In view of the good start to the year and the dynamic increase in rolled steel prices, nevertheless with explicit reference to the still imminent, virtually unquantifiable risk of the coronavirus pandemic, we now anticipate a pre-tax profit of between EUR 300 million and EUR 400 million (previously: between EUR 150 million and EUR 200 million) for the Salzgitter Group in the financial year 2021.”

    Source - Strategic Research Institute
  19. forum rang 10 voda 4 mei 2021 11:17
    48 Panhua Workers for SteelPlant in Philippines in Immigration Net

    Minda News reported that Philippine authorities held at least 48 Chinese nationals at a compound where Chinese firm Panhua Group is allegedly building a steel plant in neighbouring Maasim in Sarangani province of Philippines. Bureau of Immigration agents, accompanied by soldiers, swooped down on 30 April the compound in Barangay Kamanga, which is near a coal-fired power plant of the Alcantara-owned Sarangani Energy Corporation. Immigration agents were there to investigate reports that the Chinese nationals allegedly used false claims in their sworn documents, which were submitted to support their application for special work permits, which is in violation of Section 45 (f) of the Philippine Immigration Act of 1940 as amended.

    The police report said that the immigration officers seized several documents, including biometrics and other items from the compound, which can support the investigation on whether the Chinese were indeed skilled or just plain common workers.

    Last month, Barangay Kamanga chair Ms Rosadelima Mangelen said they learned about the presence of the Chinese who will be working to build a steel plant. The area where the plant is to be built is within the Kamanga Agro-Industrial Ecozone, which used to be owned by Ms Mangelen’s family until it was sold. Ms Mangelen told MindaNews at her residence last month that they were asked by officials of the Panhua Group for a certificate of no objection in their bid to get a clearance from the Department of Environment and Natural Resources for their project.

    In 2019, the Panhua Group has forged an agreement with the Philippine government to put up a PHP 3.3 billion steel plant, but at the Phividec Industrial Park in Misamis Oriental, which is in Northern Mindanao.

    Source - Strategic Research Institute
  20. forum rang 10 voda 4 mei 2021 11:18
    Nucor Orders Roll Grinders from Tenova for Brandenburg Plate Mill

    Nucor Corporation, through its Nucor Steel Brandenburg division, has awarded Tenova, a contract for two heavy-duty combination roll grinding machines for its green field project for a new plate mill plant in Brandenburg in Kentucky in USA. The new roll grinders, manufactured by Pomini Tenova, will continuously supply ground rolls to the new Nucor plate mill complex, which is expected to start up its operations in late 2022. The two heavy-duty combination roll grinding machines will be designed for grinding roughing and finishing stand work rolls with or without chocks and backup rolls of both stands without chocks. The roll grinders will also be equipped with an automatic caliper for measuring in cycle roll alignment, profile, roundness and eccentricity. Additionally, the Pomini Tenova Inspektor3 will be integrated for on-line inspection of roll surface and subsurface with the aim to detect the presence of cracks and bruises with eddy currents and ultrasonic waves.

    Moreover, the roll grinders will be equipped with Tenova EDGE, an Industrial IoT Edge gateway, which collects process variables and data, providing the latest Industry 4.0 developments, such as machine Condition Monitoring and Pomini Process Monitoring.

    In the mid-nineties, Pomini Tenova had already installed three heavy duty grinders that are still successfully operating in the CSP plant located at the Nucor Steel Gallatin LLC sheet mill in Kentucky, about 100 miles from the new complex in Brandenburg. These three roll grinders will be upgraded this year with a state-of-the-art Pomini automation and operation software, and the addition of a fourth grinder and the modernization of the automatic roll loader crane will increase the roll shop production capacity, witnessing the trust Nucor has in these solutions.

    Source - Strategic Research Institute
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