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Aandeel ArcelorMittal AEX:MT.NL, LU1598757687

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Nieuws en info hier plaatsen (deel 4)

35.173 Posts
Pagina: «« 1 ... 1316 1317 1318 1319 1320 ... 1759 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 6 mei 2021 09:36
    Danieli Cartridges for Rolling Mill of Changzhou Dongfang Steel

    Changzhou Dongfang Special Steel has contracted Danieli for a rolling mill upgrade consisting of a full set of cartridges for its 16-stand bar mill in Jiangsu Province in China. The project carried out by Danieli Service China led to improved product quality, reaching the standard GB/T 702-2017 grade 2 for the entire product range, and higher efficiency thanks to fewer mill stoppages. Furthermore, the design and the quality of the Danieli cartridges supplied allows easy maintenance and lower maintenance costs.

    In 2013 Danieli supplied Changzhou Dongfang Special Steel a section mill featuring cartridge rolling stands, which is in full operation.

    The intervention is part of the transformation and upgrading with the strategy of “quality development, green development and safety development” of Changzhou Dongfang Special Steel, which produces in excess of 3 million tonnes per year steel long products. Carbon steel, high-pressure boiler pipe steel, spring steel, bearing steel, grinding ball steel, gear steel, and light rail steel are some of the grades produced there.

    Source - Strategic Research Institute
  2. forum rang 10 voda 6 mei 2021 14:19
    Beursblik: stijgende resultaten bij Aperam verwacht

    Door ABM Financial News op 6 mei 2021 12:21
    Views: 1.746

    (ABM FN) Aperam zal voor het eerste kwartaal stijgende resultaten vrijdagochtend presenteren. Dit bleek uit de consensus samengesteld voor de roeststaalvrijproducent.

    De consensus rekent op een gemiddelde aangepaste EBITDA van 147 miljoen euro.

    De 11 analisten die aan de consensus bijdragen rekenen op een aangepaste EBITDA tussen 125 en 169 miljoen euro.

    De consensusverwachtingen gingen eind april nog iets omhoog. Eerder in de maand hield de gemiddelde analist nog rekening met een aangepaste EBITDA van 143 miljoen euro in het eerste kwartaal.

    De deelnemende analisten rekenden toen op een aangepaste EBITDA van ten minste 123 miljoen euro en op maximaal 169 miljoen euro voor het eerste kwartaal.

    Medio-april kreeg Aperam fanmail van verschillende analisten die hun taxaties verhoogden, waardoor de consensus ook omhoog ging.

    In het vierde kwartaal van vorig jaar behaalde Aperam een aangepaste EBITDA van 109 miljoen euro.

    Aperam opent vrijdag voorbeurs de boeken.

    Donderdag noteerde het aandeel Aperam 1,7 procent hoger op 44,99 euro.
  3. forum rang 10 voda 6 mei 2021 15:39
    Aperam koopt Duitse recycler ELG
    Metaalproducent maakt werk van circulaire economie.

    (ABM FN-Dow Jones) Aperam neemt de aandelen over van het Duitse recyclingbedrijf ELG, voor een ondernemingswaarde van 357 miljoen euro. Dat maakte de producent van roestvrij staal donderdag bekend.

    De overname versterkt de positie van Aperam op het gebied van kosten en duurzaamheid en moet binnen drie jaar 24 miljoen euro aan synergieën opleveren. "De acquisitie zal Aperam in het centrum van de circulaire economie zetten", stelde het bedrijf. "Dit zal de expansie van Aperam versnellen naar geografieën en industrieën die complementair zijn aan onze huidige portfolio", zei CEO Timoteo di Maulo.

    ELG, begonnen in in 1962 Duisburg onder de naam Eisenlegierungen, is al decennia wereldwijd actief in het inzamelen, verwerken en recyclen van afval van roestvrij staal en hoogwaardige legeringen, en produceert 1,3 miljoen ton aan materiaal per jaar. Het bedrijf telt 1.300 voltijdbanen en is aanwezig in achttien landen. Het bedrijfsresultaat ligt door de cyclus heen op 55 miljoen euro per jaar, meldde Aperam.

    Door de overname kan Aperam zijn grondstoffenmix verbeteren en uitbreiden naar de levering van ruwe grondstoffen.

    De overname moet in de tweede helft van 2021 zijn afgerond, aldus Aperam.

    Door: ABM Financial News.

    info@abmfn.nl

    Redactie: +31(0)20 26 28 999
  4. forum rang 10 voda 6 mei 2021 16:42
    Staalfabrikant Aperam koopt Duits recyclingbedrijf ELG voor €357 mln
    Tjabel Daling 16:38

    Roestvrijstaalfabrikant Aperam APAM€45,87+3,73% heeft een akkoord bereikt met de Duitse investeerder Haniel over de acquisitie van schrootverwerkingsbedrijf ELG. Het in Luxemburg zetelende Aperam is bereid €357 mln te betalen voor het Duitse recyclingbedrijf.

    ELG is sinds 1983 onderdeel van het Duitse familiebedrijf Haniel, dat is gevestigd in Duisburg. Het recyclingbedrijf handelt in en verwerkt roestvrijstaal en andere grondstoffen als titanium, nikkel, chroom en ijzererts. In 2019 boekte het bedrijf een omzet van circa €1,6 mrd.

    Het in 2011 van staalreus ArcelorMittal MT€26,39+1,85% afgesplitste concern heeft fabrieken in België, Frankrijk en Brazilië, en levert onder meer aan de auto-, vliegtuig- en elektronica-industrie. Het bedrijf heeft 1300 werknemers (fte's) in dienst en is in achttien landen actief. Aperam heeft circa 9400 werknemers en is vertegenwoordigd in zo'n veertig landen.

    Mededingingsautoriteiten moeten hun fiat nog geven voor de overname, die Aperam in de tweede helft van het jaar verwacht af te ronden.

    Synergievoordelen
    Aperam-topman Timoteo Di Maulo verklaarde donderdag dat de roestvrijstaalfabrikant zijn positie door de overname van ELG zal versterken. Hij verwacht binnen drie jaar tijd €24 mln aan synergievoordelen binnen te halen. De overname maakt van Aperam een milieuvriendelijker bedrijf, aldus Di Maulo. Met behulp van de expertise van ELG kan Aperam zijn ‘ecologische voetafdruk’ reduceren en ook de uitstoot van broeikasgassen verminderen.

    'Stille reus'
    Haniel, het moederbedrijf van ELG, is met zijn miljardenomzet en participaties in diverse bedrijven, vaak omschreven als een ‘stille reus van de Duitse economie’. Het bedrijf, dat is opgericht in 1756, was actief in onder meer de kolenhandel en de scheepvaart, voordat het accent werd verlegd naar handel en diensten. De aandelen zijn inmiddels verspreid onder ruim 720 familieleden.

    De Duitse investeerder is onder meer eigenaar van CWS, een grote fabrikant van producten voor toilethygiëne. Verder kocht Haniel in februari nog het bedrijf Bouwatch uit Apeldoorn, dat bouwterreinen beveiligt met geautomatiseerde bewakingssystemen.

    Haniel betaalde €300 mln voor Bouwatch aan investeringsmaatschappij Nordian Capital. Bouwatch expandeerde de afgelopen jaren met veel succes in Duitsland, waar het bedrijf inmiddels groter is dan in Nederland.

    Lees het volledige artikel: fd.nl/beurs/1383117/staalfabrikant-ap...
  5. forum rang 10 voda 7 mei 2021 08:23
    ArcelorMittal Reports USD 197 per Tonne EBIDTA for Q1 of 2021

    ArcelorMittal has announced results for the three-month period ended March 31, 2021. ArcelorMittal Chief Executive Officer Mr Aditya Mittal said “The first quarter of this year has been our strongest in a decade. While this is naturally a very welcome development following a highly challenging 2020, we are mindful that Covid continues to be a health challenge across the world especially in developing economies. Nowhere is this more obvious at present than in India, where we have our AM/NS India JV with Nippon Steel. Operationally, we have had a very positive start to the year. We are seeing a continuation of the positive market dynamics of the fourth quarter and have been steadily bringing back production in-line with the demand recovery, which is supported by low inventory levels through the value chain. Our priorities for the remainder of the year and beyond are clear: to maintain a competitive cost advantage; to strategically grow through high-return projects in high-growth markets, whilst leveraging existing infrastructure to develop our iron-ore resource; to consistently return cash to shareholders via a defined capital return policy and to lead on sustainable development.”

    Q1 2021 Key Highlights

    1. Sales – USD 16,193, up 9% YoY

    2. Operating income – USD 2,641, up 648% YoY

    3. Net income – USD 2,285, up 104% YoY

    4. EBITDA – USD 3,242, up 235% YoY

    5. EBITDA per tonne – USD 197, up 294% YoY

    6. Crude steel production - 17.6 million tonnes, down 17% YoY

    7. Steel shipments - 16.5 million tonnes, down15% YoY

    8. Own iron ore production - 13.3 million tonnes, down 8% YoY

    9. Iron ore shipped at market price - 9.8 million tonnes, up 14% YoY

    Mr Mittal added “Progress on our decarbonisation journey continued with the launch of our XCarbTM initiative, our first significant step to create a market for low-carbon steel. We are already seeing an encouraging response from our customers. Looking to our wider sustainability commitments, we are very focused on improving our safety performance. Our global health and safety council has been reconfigured and tasked with implementing the changes required to drive a step change in our results. We have also announced a new target to double the amount of women in management to 25% by 2030, which will ensure that we have a rich and diverse workforce ready to take full advantage of future opportunities.”

    Source - Strategic Research Institute
  6. forum rang 10 voda 7 mei 2021 08:24
    Russian Government Looking into Steel Price Control Measures

    Kitco News reported that Russia is looking at the sudden metal price surge after receiving a number of complaints from consumers and is now mulling over potential solutions, including regulating domestic prices. Russia’s Ministry of Industry and Trade is looking into the possibility of including a number of steel products on the list of goods that are deemed essential for the domestic market. This would give the government the power to one day limit exports to control prices. Ministry of Industry and Trade told Interfax "At the moment, there are no plans to introduce restrictions, but in this way, we could create a mechanism that the government can use if necessary."

    The list could include products such as iron ore, semi finished iron or steel, rolled steel, copper billets, scrap and waste copper, copper and aluminium wire and unprocessed aluminium.

    Russian government announced a proposal last week to look into some measures to help tackle the massive rise in metal prices. The reason behind the move is the drastic increase in prices for several metal products, including pipes, steel bars and sheet metal, which surged around 30% at the end of last year and the beginning of this year. The government has been receiving complaints from consumers of metal products, in particular from construction companies

    Separately, Russia’s Federal Antimonopoly Service has launched three cases against MMK, NLMK and Severstal in April end because they maintained monopolistically high prices on the flat-rolled steel market. According to the FAS, Severstal, MMK and NLMK maintained monopolistically high prices. Given that signs of violating the anti-monopoly legislation were unveiled in the actions of the companies that are rivals on the market of hot-rolled products, FAS has launched separate cases against each company. This type of inquiry will prevent the rival companies from getting access to each other’s commercial information, and coordinating their positions and actions. The audit came on the heels of a statement that the service had received pointing to unreasonable price hikes for hot-rolled flat products. According to the FAS, the price hikes surged faster than those of commodity costs. "The demand from Russian consumers did not soar, which consequently could not trigger an increase of prices by more than 50% in the first half of 2021. These producers may face turnover-based fines if the fact of a violation is established.”

    Source - Strategic Research Institute
  7. forum rang 10 voda 7 mei 2021 08:25
    AM/NS India Records 3 Fold Jump in Q4 EBITDA

    AM/NS India has recorded a nearly three-fold jump in underlying profitability during the January-March quarter. The company recorded USD 403 million EBIDTA in the first quarter of 2021 compared with USD 140 million in the same period of 2020, translating into a 188% jump. EBIDTA is up by 47% quarter on quarter basis, growing from USD 274 million recorded in the last quarter of 2020. AM/NS India CEO Mr Dilip Oommen said “Our business continues to grow strongly with demand generated from domestic and export markets. The steel industry in India remains attractive and increasing demand is giving the industry the required fillip.”

    AM/NS India produced 1.8 million crude steel in January-March 2021 quarter to take the crude steel production in 2020-21 to 6.7 million tonnes

    Q1 - 1.2 million tonnes

    Q2 - 1.8 million tonnes

    Q3 - 1.9 million tonnes

    Q4 - 1.8 million tonnes

    AM/NS India continues to develop its plans for future growth, in both steel production as well as iron ore mining. The near-term plans involve debottleneck existing operations in steel shop & rolling parts to achieve 8.6 million tonnes capacity. Medium term the plan is to grow capacity at the Hazira complex to 14 million tonnes. These growth plans are expected to be funded by the joint venture, utilizing the cash the business is generating as well as its balance sheet capacity

    Furthermore, AM/NS India is developing its longer term opportunities for growth and has signed an MOU with government of Odisha to explore options for 12 million tonnes per annum capacity greenfield integrated steel plant in the Kendrapara district. The Company has initiated, in coordination with the Government of Odisha: a feasibility study, securing relevant permissions, land acquisition, develop logistics infrastructure and other enabling conditions to plan for the project construction.

    The newly acquired Thakurani mines is now operating at full 5.5 million tonnes per annum capacity during 1Q 2021, while the second Odisha pellet plant is expected to be completed in 2Q 2021, adding 6 million tonnes per annum for a total 20 million tonnes per annum of pellet capacity.

    Source - Strategic Research Institute
  8. forum rang 10 voda 7 mei 2021 08:27
    EUROFER Welcomes EU’s Updated Industrial Policy

    The European Steel Association has welcomed the release of the EU’s updated industrial policy strategy and the inclusion of a specific analysis on steel. It shows the EU’s support for sectors, such as steel, that are strategic to the European economy and that are pushing to rally and decarbonise in the post-COVID era, but that are dependent on an enabling framework preventing carbon leakage. EUROFER Director General Mr Axel Eggert said “The COVID crisis highlighted the fragility of the Single Market, as well as the strategic dependencies the EU has on the rest of the global economy. We needed a functioning, updated strategy, one that accounts for the shocks wrought by the COVID crisis. We are pleased to see that the Commission has accounted for the specific challenges that steel faces and the incredible potential and ambition we have to decarbonise if the right incentives for green steel are set”.

    Mr Eggert added “The first strategy laid out how successful alliances can be in delivering on specific policy goals, such as in hydrogen, batteries and raw materials. The update must account for the changed policy objectives after the most recent crisis favouring strategically important, green value chain projects, such as those the European steel industry is working on. We did not expect the strategy to present fully-fledged solutions for the major challenges the steel industry and other sectors are facing, but it is a start at putting the puzzle together. To be successful, the industrial strategy’s analysis and ‘toolbox’ on steel must be forged into a Steel Action Plan. This work should be led at the highest level by policymakers, employers and unions, taking full account of the upcoming fit-for-55% climate package. A market for green steel must be created, support for research, development and innovation secured, workers prepared for the transition, international trade competitiveness preserved, carbon leakage prevented, environmental and climate costs shared, and risks balanced. We are looking forward to seeing how this updated strategy can positively impact EU industry, society and the environment.”

    The original strategy, published in March 2020, attempted to provide a framework for a coordinated and holistic effort to improve the Union’s industrial competitiveness and innovation in both digital and the green transition. The European steel industry has over 100 decarbonisation projects underway across Europe which could, over the next few years and if fully implemented, help the sector reduce its emissions by 30% by 2030 (compared to 2018; 55% compared to 1990). By 2050, the steel sector wants to be close to carbon neutrality.

    Source - Strategic Research Institute
  9. forum rang 10 voda 7 mei 2021 08:28
    China Tightens Policies for Steel Projects for Carbon Neutrality

    Chinese Global Times reported that China’s National Development and Reform Commission has released an official report targeting steel projects in an effort to push the steel industry to achieve carbon neutrality and promote green, low carbon and high quality development. According to the NDRC's report, construction of steel smelting projects must meet the requirements of advanced technology and equipment as well as leading indicators in the steel industry to achieve green and intelligent development and pollutant emissions should meet the strict requirements.

    China Institute for Studies in Energy Policy at Xiamen University Dean Mr Lin Boqiang told the Global Times that this move aims to upgrade China's steel industry and reduce the energy consumption in steel production.

    Separately, China’s Ministry of Industry and Information has released the updated detailed guidelines regarding the old-for-new steel capacity swaps in China on May 6, and it will take effect on June 1 nationwide. The guidelines, thus, will be replacing the earlier version that took effect since the start of 2018 but then had been shelved since January 2020 because of the loopholes and defects that had been detected in the actual execution, and the ministry has since then been working on an updated

    Source - Strategic Research Institute
  10. forum rang 10 voda 7 mei 2021 08:29
    Whyalla Saviour White Oak May Rescue Liberty Steel UK Too

    The Guardian reported that Mr Sanjeev Gupta is close to securing a GBP 200 million loan for Liberty Steel UK, which would hand a lifeline to Britain’s third largest steel business and help stave off thousands of job losses. It is understood that the billionaire has agreed on financing terms with California-based investment firm White Oak Global Advisers, which is also providing fresh funding for the Australian arm of Gupta’s sprawling holding company, GFG Alliance. If approved, the White Oak loan would allow Liberty Steel UK to return to full production, having intermittently paused operations at some of its plants in an attempt to preserve cash after Greensill’s failure. The prospects of new financing from a private backer could alleviate fears over Liberty Steel’s own collapse. Injection of new money would increase the chances of Liberty's creditors recovering a greater portion of the cash owed to them, as it would potentially allow Liberty to return to full production and therefore benefit from higher steel prices.

    However, the White Oak loan is understood to require approval from Credit Suisse, which has a claim on Liberty Steel UK via loans provided by Greensill Capital as well as Tata Steel. The agreement is still subject to further due diligence by the lender and there is no guarantee the loan will materialise.

    Liberty Steel’s future has been hanging in the balance since its main lender, Greensill Capital, fell into administration last month, prompting a cash crunch for one of the UK’s largest steel producers. Mr Gupta tried and failed to secure a GBP 170 million UK government bailout in March.

    Source - Strategic Research Institute
  11. forum rang 10 voda 7 mei 2021 08:30
    ArcelorMittal Europe Reports Strong Results for Q1 of 2021

    ArcelorMittal reported that Europe segment crude steel production increased by 6.4% to 9.7 million tonnes in 1Q 2021 as compared to 9.1 million tonnes in 4Q 2020 as demand and activity levels improved, including automotive, industrial production and manufacturing activity. In March 2021, the Company restarted BF#B at Ghent, Belgium following a planned major reline.

    Steel shipments in 1Q 2021 improved by 5.2% to 9.0 million tonnes as compared to 8.6 million tonnes in 4Q 2020 driven by higher flat steel shipments (+6.5%) and long products (+2.0%). Steel shipments were 3.1% lower in 1Q 2021 as compared to 9.3 million tonnes in 1Q 2020 (with lower flat steel shipments offset in part by higher long steel products).

    Sales in 1Q 2021 were USD 9.4 billion, 23.0% higher as compared to USD 7.6 billion in 4Q 2020, primarily due to higher shipment volumes (as discussed above) and 17.0% higher average selling prices (flat products +17.4% and long products +17.2%).

    Operating income in 1Q 2021 was USD 599 million as compared to an operating loss in 4Q 2020 of USD 447 million and an operating loss of USD 426 million in 1Q 2020. Results for 4Q 2020 and 1Q 2020 were impacted by impairment and exceptional items.

    EBITDA in 1Q 2021 of USD 898 million was significantly higher as compared to USD 385 million in 4Q 2020, primarily due to a positive price-cost effect and higher steel shipment volumes. EBITDA in 1Q 2021 increased significantly as compared to USD 204 million in 1Q 2020 primarily due to a positive price-cost effect offset in part by lower steel shipments.

    Source - Strategic Research Institute
  12. forum rang 10 voda 7 mei 2021 08:32
    Vietnam Government Rejects Steel Price Cartel Allegations

    VN Express reported that Vietnam’s Ministry of Industry and Trade says that no cartel is behind higher steel prices, attributing the rise to costlier imports of intermediate goods. The Vietnam Association of Construction Contractors asked the government to investigate the price rise and find out if steelmakers were cooperating with each other to push up prices. The ministry said it is a baseless assumption, explaining that local steel prices depended on prices of intermediate goods needed for production, most of which are imported. The prices of intermediate goods have risen because of long shipping times as the supply chain is hindered by the on going pandemic.

    According to the Vietnam Steel Association, steel prices in Vietnam have risen by 40-50% since the end of 2020. VSA has forecast that prices will continue rising until the end of the third quarter.

    Source - Strategic Research Institute
  13. forum rang 10 voda 7 mei 2021 08:33
    Canada Fixes Dumping Margins for Rebar Imports from 6 Countries

    Canada Border Services Agency has made a final determination of dumping regarding certain concrete reinforcing bar imports from Algeria, Egypt, Indonesia, Italy, Malaysia, Singapore and Vietnam. The Canadian International Trade Tribunal is continuing its inquiry into the question of injury to the domestic industry and will make a finding by June 4, 2021.

    Margins of dumping by exporter as % of export price

    Algeria Spa Tosyali Iron Steel Industry Algerie - 4.8%

    Egypt All exporters - 23.1%

    Indonesia PT Putra Baja Deli - 3.3%

    Italy All exporters - 23.1%

    Malaysia All exporters - 23.1%

    Singapore All exporters - 23.1%

    Vietnam Hoa Phat Dung Quat Steel - 10.5%

    The subject goods are usually imported under tariff classification numbers 7213.10.00.00 & 7214.20.00.00. In some instances, the subject goods may also be imported under the tariff classification numbers 7215.90.00.90 & 7227.90.00.90

    The margins of dumping reported in the table above are the margins determined by the CBSA for purposes of the final determination of dumping. These margins do not reflect the anti dumping duty to be levied on future importations of dumped goods. In the event of an injury finding by the CITT, normal values have been provided to the exporters which provided sufficient information for future shipments to Canada and these normal values would come into effect the day after the injury finding. Information regarding normal values of the subject goods should be obtained from the exporter. Imports of the subject goods from exporters/producers that did not provide sufficient information to the CBSA during the dumping investigation and who are not listed in the table above will be subject to the All Exporters anti dumping duty rate pursuant to a ministerial specification.

    Source - Strategic Research Institute
  14. forum rang 10 voda 7 mei 2021 08:36
    Aperam boekt hogere nettowinst
    Van onze redacteur 08:20

    Staalfabrikant Aperam van is dit jaar goed uit de startblokken geschoten. Zowel het bedrijfsresultaat als het netto-inkomen stegen fors in het eerste kwartaal. Dat maakte het bedrijf met hoofdkwartiers in Luxemburg vrijdag voorbeurs bekend.

    Afgelopen drie maanden zag Aperam dat het bedrijfsresultaat uitkomen op €175 mln, een stijging van €64 mln ten opzichte van hetzelfde kwartaal een jaar eerder. Ook de nettowinst steeg: van €110 in het eerste kwartaal van 2020 naar €116 mln.

    Daarnaast kwam de vrije kasstroom uit op €58 mln, tegenover €88 mln in het vierde kwartaal van 2020. De nettoschuld daalde in drie maanden met €11 mln naar €56 mln.

    Volgens topman Timoteo Di Maulo zijn de volumes in Europa sterk omhoog gegaan en is daarmee het herstel ingezet na de eerste klap van de coronacrisis. 'Onze orderboek laat solide volumes en betere prijzen zien voor het tweede kwartaal', aldus Di Maulo over het lopende kwartaal. Behalve in Europa verwacht hij dat Aperam het ook in Brazilië goed zal doen.

    Ook overname van schrootverwerkingsbedrijf ELG, eerder deze week bekend gemaakt, helpt het bedrijf verder, aldus Di Maulo. Aperam legt €357 mln neer voor het Duitse recyclingbedrijf.

    Lees het volledige artikel: fd.nl/ondernemen/1383161/aperam-boekt...
  15. forum rang 10 voda 7 mei 2021 08:36
    JSPL Increases Oxygen Supply to 120 Tonnes per Day

    Jindal Steel and Power Ltd has ramped up its daily oxygen supply limit to 120 tonne per day for the treatment of COVID-19 patients. Earlier, JSPL on an average was supplying up to 100 tonne LMO per day. Media report quoted a JSPL spokesperson as saying that "JSPL can increase the supply to 400 tonne a day but it is unable to do so due to shortage of cryogenic tankers."

    Till date, the company has supplied over 1,000 tonne of liquid medical oxygen to various health centres in nine states of India, a company spokesperson said.

    Source - Strategic Research Institute
  16. forum rang 10 voda 10 mei 2021 07:28
    AM/NS India Starts Feasibility Study for Odisha Steel Plant

    PTI reported that ArcelorMittal Nippon Steel India along with the Odisha government has initiated a feasibility study for its proposed 12-million-tonne per annum integrated steel plant in the Kendrapara district of Odisha. In an investor presentation, ArcelorMittal said “AM/NS India is developing its longer term opportunities for growth and has signed an MoU with the government of Odisha to explore options for a greenfield integrated steel plant in the Kendrapara district. The company has initiated, in coordination with the government of Odisha: a feasibility study, securing relevant permissions, land acquisition, developing logistics infrastructure and other enabling conditions to plan for the project construction.”

    AM/NS India had signed a memorandum of understanding with the Odisha government to set up the Greenfield project in Kendrapara with an investment of INR 50,000 crore in March 2021.

    AM/NS India is a 60:40 joint venture company between ArcelorMittal and Nippon Steel.

    Source - Strategic Research Institute
  17. forum rang 10 voda 10 mei 2021 07:29
    JFE Steel & JSW Steel Sign MoU for CRGO Electrical Steel JV

    JFE Steel Corporation has signed a Memorandum of Understanding to conduct a Feasibility Study with JSW Steel Limited to establish a Grain Oriented Electrical Steel Sheet Manufacturing & Sales Joint-Venture Company in India. The plan is to complete the study within the current 2021 fiscal year and take

    The Company has continued to deepen its alliance with JSW since they signed a comprehensive Strategic Collaboration Agreement in 2009, under which JFE Steel has taken an equity stake in JSW and is providing Technical Co-operation with regard to Automotive Steel Products and Environmental measures. In the year 2012, JFE and JSW entered into an Agreement where JFE has provided technology for the production of non-oriented electrical steel sheets, which has enabled JSW to become India's leading supplier in this field.

    Electrical steel sheet products, which contain additives such as silicon and aluminium, offer excellent magnetic properties including high magnetic flux density and low iron loss. Grain-oriented electrical steel sheet exhibits superb magnetic properties in a single (rolling) direction, making it ideal for the iron cores of power transformers, etc. Non-oriented electrical steel sheet, which exhibits excellent magnetic properties that are largely uniform in all directions, has applications such as the iron cores of motors. In view of the steadily increasing demand for electric power, the growing adoption of renewable energy and the electrification of automobiles, continued growth in Global and India is forecasted for grain-oriented electrical steel sheet used in transformers.

    Source - Strategic Research Institute
  18. forum rang 10 voda 10 mei 2021 08:12
    US Researchers Reduce EAF Costs with Fiber Optics

    About 70% of steel production in the United States uses the electric arc furnace process to melt scrap and virgin iron to create steel in a much more energy-efficient process than smelting from ore. These are high-productivity units that can produce 170 tons of steel in 30 to 40 minutes But EAF steelmaking efficiency is dependent on many factors, and researchers at Missouri University of Science and Technology are working to save energy and costs related to EAF steel production by using fiber optic sensors. That takes very high energy input, and you have to protect the furnace from damage under these conditions.

    Missouri S&T’s Kent D Peaslee Steel Manufacturing Research Center Director Dr Ronald O’Malley says “One method of EAF protection is to use slag in the furnace to generate slag foam that can cover the electric arc and shield the furnace side walls and roof from arc radiation. In this research project, fiber-optic sensors are used to detect hot spots in the furnace as they develop, and the sensor outputs can be used to activate a flexible injection system that directs chemical energy from carbon and oxygen and generates slag foaming as needed. The integrated dynamic control system would also be used to adapt to differences in incoming scrap metal and virgin iron to save energy, reduce operating costs and increase production yields. Two steel companies, Big River Steel and Commercial Metals Co, will host the demonstration testing. What’s exciting about this work is that these fiber optic systems traditionally have not been used in this kind of environment. We’re actually tailoring several types of fiber optic technologies for specific applications in different parts of the EAF.”

    Researchers are tailoring different fiber technologies to get different measurement lengths and resolutions, resulting in higher area coverage versus higher resolution coverage, depending on the need.

    Missouri S&T is partnering in the research project with Arizona State University and Continuous Improvements Experts, which provides EAF training and optimization services for the steel industry. In addition to Big River Steel and Commercial Metals Co, steel producers Gerdau and Nucor and industrial gas and technology provider Linde are also partnering in the research. The Kent D Peaslee Steel Manufacturing Research Center is a consortium of steel companies, foundries, suppliers and university researchers working together to address fundamental steel casting/manufacturing issues such as steelmaking, casting, product development, and environmental and safety issues. The center boasts extensive facilities, labs and equipment, and a faculty of highly experienced metallurgical engineers.

    Source - Strategic Research Institute
  19. forum rang 10 voda 10 mei 2021 08:13
    EUROER Sees 8% Rebound in Steel Using Sectors in 2021

    European steel association EUROFER has published Economic and steel market outlook 2021-2022, second quarter. EUROFER said “In 2020, the COVID-19 pandemic slashed steel consumption and the overall economic outlook across the EU and the world. Shutdown measures, implemented by governments from March 2020, severely impacted manufacturing activity and steel-using industrial sectors. However, some of the measures that had the greatest impact on the economy were loosened as of June 2020, though many social measures remain in effect or have been reinforced in recent months. As a result, both steel-using sectoral output and steel demand experienced a considerable quarter-on-quarter rebound over the third and the fourth quarter. Although the general economic recovery in the EU appears to be uneven and exposed to risks, the recovery in steel-using industries and in steel demand should continue through 2021.”

    EU steel market overview - The whole year 2020 was, as expected, considerably impacted by the pandemic and saw apparent steel consumption in the EU plummet (-11.1%). It is set to rebound (+11.7%) in 2021, and to grow more moderately (+4.9%) in 2022, when it is expected to return above 2017 levels thanks to continued improvement in demand from steel-using sectors. EU28 apparent steel consumption increased (+3.3%) year-on-year in the fourth quarter of 2020, that is the first quarterly growth since the fourth quarter of 2019, after the drop (-10.4%) recorded over the third consecutive quarter (that followed the unprecedented drop (-25%) in the second quarter). Apparent steel consumption in the fourth quarter amounted to 35.2 million tonnes. Mirroring the improvement in demand, domestic deliveries in the EU in the fourth quarter of 2020 increased (+4.5%, after -6.8% recorded in the second quarter). Data for the fourth quarter also showed the continued downturn in imports from third countries. After the severe drop (-25%) in the third quarter of 2020, imports from third countries dropped – albeit less severely - also in the fourth quarter of 2020, with a year-on-year fall (-7%), that is the eighth consecutive quarterly drop.

    EU steel-using sectors - Total production activity in steel-using sectors fell (-10.4%) over the full year 2020. The second quarter saw a sharp fall in steel-using industrial output (-25%), linked to industrial stoppages caused by the COVID pandemic. The third quarter also saw a decline (-6.7%) as did the fourth quarter (-1.9%). This is the fifth consecutive quarterly decline. The COVID-19 outbreak further hit EU industrial sectors at a time when these had already been experiencing a severe downturn and were coping with serious challenges. Over the course of 2019, business conditions in the manufacturing industry had continued to deteriorate. This downward trend gained speed in the second half of 2019, particularly in the automotive industry. This resulted in a pronounced slowdown in output growth in steel-using sectors, which then culminated in unprecedented drops over the second quarter 2020, mainly as a result of the severe lockdown measures imposed by governments in March and April 2020. The second quarter marked the trough of the industrial recession. The loosening of lockdown measures over the third quarter allowed industrial activity to restart, with a considerable rebound in output compared to the record lows seen in the preceding quarter. However, industrial activity remained around low levels in historical terms and still exposed to fragility and risks. As a result, despite the quarter-on -quarter rebound, output fell year-on-year (-6.7%) in the third quarter. The fresh wave of the pandemic that hit Europe at the start of the fourth quarter 2020 led to new lockdowns (albeit without affecting industrial activity per se) which cast a shadow on the overall recovery. As a result, however, in the fourth quarter of 2020 industrial output all over the EU recorded a considerable second consecutive quarter-on-quarter rebound, driven by faster-than-expected recovery in output in some sectors (domestic appliances and automotive in particular). Steel-using sectors’ output growth over the fourth quarter was still negative (-1.9%), i.e. the fifth consecutive quarterly drop, but at a much lower rate than the third quarter (-6.7%). This could pave the way for a stronger acceleration in industrial recovery over the first quarter of 2021, despite persistent economic uncertainty due the ongoing pandemic across the EU.

    Outlook for steel-using sectors - Total production activity in steel-using sectors fell (-10.41) over the full year 2020. The second quarter saw a sharp fall in steel using industrial output (-25%). linked to industrial stoppages caused by the COVID pandemic. The third quarter also saw a decline (-6.7%) as did the fourth quarter (-1.9%). This is the fifth consecutive quarterly decline. Overall output in the steel-using sectors in the fourth quarter of 2020 did to positive growth in some Central European countries such as the Czech Republic. Poland and Hungary, as well as at low rates- in Italy, Belgium, the Netherlands and - outside the EU - the UK. The pandemic is not yet over and continues to weigh down confidence and growth prospects, however, there is the potential now for the first quarters of 2021 to see rebound growth in steel-using sectors. Total steel-using sectors output, after the severe drop (-10.4%) experienced in 2020, will rebound (8+X) in 2021 - due to very low output levels recorded in the preceding year - and will grow more moderately in 2022 (+3.51).

    European steel association EUROFER has published Economic and steel market outlook 2021-2022, second quarter. EUROFER said “In 2020, the COVID-19 pandemic slashed steel consumption and the overall economic outlook across the EU and the world. Shutdown measures, implemented by governments from March 2020, severely impacted manufacturing activity and steel-using industrial sectors. However, some of the measures that had the greatest impact on the economy were loosened as of June 2020, though many social measures remain in effect or have been reinforced in recent months. As a result, both steel-using sectoral output and steel demand experienced a considerable quarter-on-quarter rebound over the third and the fourth quarter. Although the general economic recovery in the EU appears to be uneven and exposed to risks, the recovery in steel-using industries and in steel demand should continue through 2021.”

  20. forum rang 10 voda 10 mei 2021 08:13
    Deel 2:

    EU steel market overview - The whole year 2020 was, as expected, considerably impacted by the pandemic and saw apparent steel consumption in the EU plummet (-11.1%). It is set to rebound (+11.7%) in 2021, and to grow more moderately (+4.9%) in 2022, when it is expected to return above 2017 levels thanks to continued improvement in demand from steel-using sectors. EU28 apparent steel consumption increased (+3.3%) year-on-year in the fourth quarter of 2020, that is the first quarterly growth since the fourth quarter of 2019, after the drop (-10.4%) recorded over the third consecutive quarter (that followed the unprecedented drop (-25%) in the second quarter). Apparent steel consumption in the fourth quarter amounted to 35.2 million tonnes. Mirroring the improvement in demand, domestic deliveries in the EU in the fourth quarter of 2020 increased (+4.5%, after -6.8% recorded in the second quarter). Data for the fourth quarter also showed the continued downturn in imports from third countries. After the severe drop (-25%) in the third quarter of 2020, imports from third countries dropped – albeit less severely - also in the fourth quarter of 2020, with a year-on-year fall (-7%), that is the eighth consecutive quarterly drop.

    EU steel-using sectors - Total production activity in steel-using sectors fell (-10.4%) over the full year 2020. The second quarter saw a sharp fall in steel-using industrial output (-25%), linked to industrial stoppages caused by the COVID pandemic. The third quarter also saw a decline (-6.7%) as did the fourth quarter (-1.9%). This is the fifth consecutive quarterly decline. The COVID-19 outbreak further hit EU industrial sectors at a time when these had already been experiencing a severe downturn and were coping with serious challenges. Over the course of 2019, business conditions in the manufacturing industry had continued to deteriorate. This downward trend gained speed in the second half of 2019, particularly in the automotive industry. This resulted in a pronounced slowdown in output growth in steel-using sectors, which then culminated in unprecedented drops over the second quarter 2020, mainly as a result of the severe lockdown measures imposed by governments in March and April 2020. The second quarter marked the trough of the industrial recession. The loosening of lockdown measures over the third quarter allowed industrial activity to restart, with a considerable rebound in output compared to the record lows seen in the preceding quarter. However, industrial activity remained around low levels in historical terms and still exposed to fragility and risks. As a result, despite the quarter-on -quarter rebound, output fell year-on-year (-6.7%) in the third quarter. The fresh wave of the pandemic that hit Europe at the start of the fourth quarter 2020 led to new lockdowns (albeit without affecting industrial activity per se) which cast a shadow on the overall recovery. As a result, however, in the fourth quarter of 2020 industrial output all over the EU recorded a considerable second consecutive quarter-on-quarter rebound, driven by faster-than-expected recovery in output in some sectors (domestic appliances and automotive in particular). Steel-using sectors’ output growth over the fourth quarter was still negative (-1.9%), i.e. the fifth consecutive quarterly drop, but at a much lower rate than the third quarter (-6.7%). This could pave the way for a stronger acceleration in industrial recovery over the first quarter of 2021, despite persistent economic uncertainty due the ongoing pandemic across the EU.

    Outlook for steel-using sectors - Total production activity in steel-using sectors fell (-10.41) over the full year 2020. The second quarter saw a sharp fall in steel using industrial output (-25%). linked to industrial stoppages caused by the COVID pandemic. The third quarter also saw a decline (-6.7%) as did the fourth quarter (-1.9%). This is the fifth consecutive quarterly decline. Overall output in the steel-using sectors in the fourth quarter of 2020 did to positive growth in some Central European countries such as the Czech Republic. Poland and Hungary, as well as at low rates- in Italy, Belgium, the Netherlands and - outside the EU - the UK. The pandemic is not yet over and continues to weigh down confidence and growth prospects, however, there is the potential now for the first quarters of 2021 to see rebound growth in steel-using sectors. Total steel-using sectors output, after the severe drop (-10.4%) experienced in 2020, will rebound (8+X) in 2021 - due to very low output levels recorded in the preceding year - and will grow more moderately in 2022 (+3.51).
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