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35.173 Posts
Pagina: «« 1 ... 1317 1318 1319 1320 1321 ... 1759 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 10 mei 2021 08:16
    USITC Keeps AD Duty on Steel Grating Imports from China

    The US International Trade Commission has determined that revoking the existing antidumping and countervailing duty orders on imports of certain steel grating from China would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time. As a result of the Commission’s affirmative determinations, the existing orders on imports of this product from China will remain in place.

    The five-year (sunset) reviews concerning Certain Steel Grating from China were instituted on October 1, 2020. On January 4, 2021, the Commission voted to conduct expedited reviews.

    Source - Strategic Research Institute
  2. forum rang 10 voda 10 mei 2021 08:16
    Tata Steel Calls off Sale of Singapore & Thailand Units

    Times of India reported that Tata Steel has put its proposal to sell the Southeast Asian business on the back burner as the company enters its next phase of its plan to consolidate operations, boost margins and reduce debt. The move follows an improvement in the Southeast Asian business performance since it was put on the block in early 2019. Operating profit of the business accelerated nearly 50% to INR 549 crore in fiscal 2021 Tata Steel reviewed the progress of its Southeast Asia business, which is in Singapore and Thailand, and decided to do away with its classification as assets held for sale. Consequent to the reclassification, the Southeast Asian operations is presented as continuing operations in Tata Steel's fiscal 21 statements

    While the company decided to continue with its Southeast Asian business, it also continues to evaluate opportunities in India, its largest market. Tata Steel, said its management, will take a call on Rashtriya Ispat Nigam, in which the government plans to sell its stake. It has already evinced an interest in Neelachal Ispat Nigam, a PSU based in Odisha. These opportunities are being considered on the back of robust earnings and cash flows.

    Times of India reported that Tata Steel has put its proposal to sell the Southeast Asian business on the back burner as the company enters its next phase of its plan to consolidate operations, boost margins and reduce debt. The move follows an improvement in the Southeast Asian business performance since it was put on the block in early 2019. Operating profit of the business accelerated nearly 50% to INR 549 crore in fiscal 2021 Tata Steel reviewed the progress of its Southeast Asia business, which is in Singapore and Thailand, and decided to do away with its classification as assets held for sale. Consequent to the reclassification, the Southeast Asian operations is presented as continuing operations in Tata Steel's fiscal 21 statements

    While the company decided to continue with its Southeast Asian business, it also continues to evaluate opportunities in India, its largest market. Tata Steel, said its management, will take a call on Rashtriya Ispat Nigam, in which the government plans to sell its stake. It has already evinced an interest in Neelachal Ispat Nigam, a PSU based in Odisha. These opportunities are being considered on the back of robust earnings and cash flows.
  3. forum rang 10 voda 10 mei 2021 08:17
    EU ETS Price Rally Challenges EU Steel Sector

    European steel association EUROFER Director General Mr Axel Eggert in a recent note said “Late April and early May 2021 have seen record rises in the price of EU emission Allowances, reaching EUR 50 per tonne of CO2. As recently as mid-2017 it was around EUR 5, so this new high represents an order of magnitude difference to three years ago, and a doubling compared to just six months ago. In the past, the EU ETS carbon price was relatively low mainly due to the economic and environmental impact of the financial and economic crisis. EUROFER had always expressed that the problem with the EU ETS costs would come with their expected rise in price if there were no comparable carbon costs and constraints on key competitors – as it is still the case. But it has come much earlier than anticipated, driven not only by the decreasing number of CO2 certificates but also by professional speculators pushing for a carbon price rally.”

    Mr Eggert said “Now, the increasing price to record levels presents a set of problems. One is our global competitors do not have those carbon constraints. The second it makes it much more difficult to invest the new technologies that will be needed to make the low carbon transition possible. The successful deployment of such technologies requires four key enabling conditions”

    1. Access to competitive low carbon energy

    2. Funding support

    3. Creation of lead markets for low carbon products

    4. Effective carbon leakage measures

    He added “As the Commission is finalising its fit for 55% package (expected to be presented on 14 July), we are entering the most critical phase where political decisions are being taken on the question whether these enabling conditions will be delivered or not by the regulatory framework.”

    He also said “The EU ETS is a cornerstone of the EU’s climate policy, and EUROFER has worked hard to support relevant revisions to ensure its functioning. However, Europe needs to ensure that third country competitors also face similar cost constraints. The Commission is currently working on the revision of the EU ETS and a proposal for Carbon Border Adjustment Mechanism – having just launched its updated industrial strategy. If any of these policies are to be credible, they must help reduce emissions and improve industrial competitiveness overall. The details of the proposals will be decisive to understanding whether our industry will get closer to, or further away from – a level playing field with our global competitors. To EUROFER, any cut in the current carbon leakage measures would be irresponsible, especially given the current situation. The sector is still reeling from the COVID crisis and is embarking on a large number of promising, but costly, green innovation projects. We hope that EU policy makers take the days after the publication of the updated industrial strategy as an opportunity to reflect, once more, on the most effective balance of carbon costs and global competitiveness.”

    Source - Strategic Research Institute
  4. forum rang 10 voda 10 mei 2021 08:19
    300 US Manufacturers Seek Immediate End to Section 232 Tariffs

    A group of over 300 businesses manufacturing in the US, from family owned metal forming shops to nationally branded companies, sent a letter to US President Mr Joe Biden today requesting the immediate termination of the Section 232 steel and aluminium tariffs that were initiated three years ago under the Trump administration. Together, the companies represent a broad swath of a US manufacturing sector currently struggling to meet demand and stay competitive due to supply shortages, long lead times, and artificially high prices for their key inputs. The letter was organized by the Coalition of American Metal Manufacturers and Users, the National Foreign Trade Council and other groups representing steel and aluminium-using US companies.

    The letter provided an overview of the dire supply situation confronting manufacturers and explained the challenges created by the Section 232 steel and aluminium tariffs. It said “It is businesses manufacturing in America such as ours who pay the tariffs on imports, and it is our businesses and employees who suffer when our product cannot compete with overseas manufacturers because the US is an island of high steel and aluminium prices. On some products, American businesses pay 40% more for similar steel compared to their European counterparts, an unsustainable situation for any US employer.”

    The letter said “The vast majority of manufacturers in the US, such as ours, use only domestically-produced steel and aluminium, but it is industrial users such as ourselves who face major disruptions to our operations due to the lack of availability of these raw materials. Many of us are accustomed to four to six-week delivery times for common steel products. Now we receive delivery quotes for 16-20 weeks with some products not promised for delivery until 2022. The tariff-driven drag on manufacturing companies across the U.S. threatens to limit their ability to participate in a post-COVID economic revitalization, stifling their prospects for growth and limiting the upside for the families and communities across America that is sustained by the sector.”

    The manufacturers urged “Without termination of the tariffs, this situation will worsen if Washington moves forward with an infrastructure bill to invest in America, as these projects will create more strain on domestic steel and aluminium supplies, causing delays in construction and risking manufacturing jobs. Mr President, we support a strong and thriving steel and aluminium industry, but producers today simply cannot meet demand and the tariffs create a tax that only manufacturers in the U.S. must pay. While the U.S. Government cannot control the business decisions of a handful of domestic suppliers who dominate the steel and aluminium markets, you have the power to terminate the Section 232 steel and aluminium tariffs imposed on our allies under the auspices of national security concerns.”

    Source - Strategic Research Institute
  5. forum rang 10 voda 10 mei 2021 08:20
    JFE Steel Develops Hot Continuous Rolling Process for HITEN

    JFE Steel Corporation has developed the world’s first hot-continuous rolling, endless rolling process for high tensile strength steel HITEN. Mass production has already started at the hot rolling mill of JFE Steel’s Chiba facility, part of the company’s East Japan Works, for the highly stable and productive manufacturing of high tensile steel.

    In 1996, JFE Steel developed the world’s first endless rolling process in which the leading and trailing ends of adjacent sheets that have been wound into coils are joined after roughing, which allows the coils to be inserted continuously into the finishing mill. The endless rolling process has been deployed at JFE Steel’s Chiba facility.

    In the case of HITEN, however, joint strength and ductility are reduced due to elements such as silicon and manganese being added to improve the mechanical characteristics of these steel products. JFE Steel has now developed technology for maintaining joint strength and ductility and suppressing breakage during finish rolling. As a result, endless rolling of high-strength steel has become possible, contributing greatly to the highly stable and productive manufacturing of high-tensile steel through improved threading performance.

    JFE Steel, aiming to contribute to a more sustainable and carbon-neutral world, is committed to developing innovative production technologies, including for high-performance HITEN required for lighter-weight and more collision-safe automobiles, as well as expanding its supply of eco-minded products.

    Source - Strategic Research Institute
  6. forum rang 10 voda 10 mei 2021 08:21
    ArcelorMittal NAFTA Q1 Performance Update

    ArcelorMittal reported that NAFTA segment crude steel production decreased by 48.0% to 2.2 million ton in Q1 of 2021, as compared to 4.2 million ton in Q4 of 2020 following the sale of ArcelorMittal USA to Cleveland Cliffs on December 9, 2020. On a scope adjusted basis, ie excluding ArcelorMittal USA, crude steel production increased by 5.5% to 2.2 million ton in Q1 of 2021as compared to 2.1 million ton in Q4 of 2020 following the improvement in demand.

    Steel shipments in Q1 of 2021 decreased by 39.3% to 2.5 million ton as compared to 4.1 million ton in Q4 of 2020 on account of the sale of ArcelorMittal USA. On a scope adjusted basis, steel shipments in Q1 of 2021 increased by 7.3% to 2.5 million ton as compared to 2.3 million ton in Q4 of 2020 following the improvement in demand. Steel shipments were 54.7% lower in Q1 of 2021 as compared to 5.5 million ton in Q1 of 2020 but stable on a scope adjusted basis.

    Sales in Q1 of 2021 decreased by 20.6% to USD 2.5 billion, as compared to USD 3.2 billion in 4Q 2020, primarily due to the decrease in steel shipments offset in part by a 19.1% increase in average steel selling prices.

    Operating income in Q1 of 2021 was USD 176 million as compared to USD 1,507 million in Q4 of 2020 and an operating loss of USD 120 million in Q1 of 2020. Q4 of 2020 operating income included a USD 1.5 billion exceptional gain related to the sale of ArcelorMittal USA. Operating loss in Q1 of 2020 included exceptional items of USD 241 million primarily due to inventory related charges recorded due to a weaker steel pricing outlook driven by COVID-19 impacts.

    EBITDA in Q1 of 2021 of USD 233 million was higher as compared to USD 108 million in Q4 o 2020, primarily due to a positive price-cost effect and +7.3% higher shipment volumes (on a scope adjusted basis, excluding ArcelorMittal USA shipments from the prior period). EBITDA in Q1 of 2021 was also negatively impacted primarily by disruption in our Mexican operations linked to the severe weather experienced in Texas in February. EBITDA in Q1 of 2021 was slightly lower as compared to USD 247 million in Q1 of 2020 with the impact of the sale of ArcelorMittal USA largely offset by a positive price-cost effect.

    Source - Strategic Research Institute
  7. forum rang 10 voda 10 mei 2021 15:20
    Coronapandemie leidt bij staalbedrijven in India tot zuurstofgebrek en productiestops
    Heiko Jessayan 14:58

    Een coronapatiënt in de Indiase hoofdstad New Delhi krijgt tijdens een autorit op weg naar een ziekenhuis zuurstof toegediend. Door het nijpende tekort aan zuurstof bieden gurdwara's, de gebedshuizen van de Sikhs, patiënten gratis zuurstof aan totdat er in de ziekenhuizen een plaats beschikbaar komt. Foto: Altaf Qadri/AP

    Staalbedrijven in India kampen door de coronapandemie met een chronisch tekort aan zuurstof. De pandemie treft het land met bijna 1,4 miljard inwoners hard. Om die reden heeft het Indiase ministerie van staal de staalfabrieken vorige maand opgedragen vloeibare medische zuurstof (LMO) te leveren, zodat ziekenhuizen coronapatiënten kunnen behandelen.

    Bij de productie van staal is zuurstof nodig om het vloeibare ruwijzer dat uit de hoogovens komt, te ontdoen van koolstofresten. Maar de prioriteit ligt nu bij ziekenhuizen die mensenlevens proberen te redden.

    Omdat staalbedrijven hun productiecapaciteit nu inzetten voor ziekenhuizen, komen zij zelf zuurstof tekort, wat leidt tot productiestops. Doorgaans beschikken staalbedrijven voor twee tot drie dagen aan zuurstof om te voorkomen dat de staalproductie, die dag en nacht door draait, niet te maken krijgt met onderbrekingen. Nu beperken de zuurstofvoorraden zich hooguit tot een halve dag, zo liet het ministerie van staal onlangs weten.

    Kettingreactie
    Het tekort aan zuurstof leidt tot een kettingreactie in de Indiase industrie. Zo is de sloop van schepen in Alang, in de deelstaat Gujarat, met 80% verminderd. Voor de snijbranders op de grootste schepensloopplaats ter wereld wordt zuurstof gebruikt, maar ook dat gaat nu naar ziekenhuizen. Het gevolg is dat staalfabrieken te weinig schroot geleverd krijgen wat essentieel is voor de productie van staal, waardoor de prijzen voor schroot en staal stijgen. De haperende staalproductie leidt weer tot productieonderbrekingen in de hele keten, onder andere bij autofabrikanten.

    Diverse media in India berichtten al een tijd over zuurstoftekorten in de Indiase staalindustrie. Zo zei Sajjan Jindal, bestuursvoorzitter van de JSW Group twee weken geleden tegenover de Indiase zakenkrant Economic Times dat het redden van levens belangrijker is dan het produceren van staal. JSW Steel is in beurswaarde gemeten de grootste staalproducent van India. Jindal waarschuwde toen al dat de staalproductie in gevaar komt nu India geheel in de ban is van corona.

    Noodhospitalen bij staalfabriek
    Volgens Jindal is India bezig grote noodhospitalen nabij staalfabrieken te bouwen zodat het zuurstof via een speciale pijpleiding rechtstreeks bij de patiënten komt. 'Als zuurstof in zulke grote hoeveelheden niet naar de patiënten kan worden gebracht, dan moeten wij de patiënten zo dicht mogelijk bij de zuurstofbron brengen', aldus de miljardair tegenover de Indiase zakenkrant.

    Jindal herhaalt zijn boodschap maandag in de Financial Times. 'Ik had nooit gedacht dat er een tweede golf zou komen die zo gewelddadig en zo verwoestend zou kunnen zijn', aldus Jindal die verwacht dat de productieproblemen tot na de zomer aanhouden.

    Volgens de hittekaart van de Johns Hopkins University, die wereldwijd de coronapandemie bijhoudt, zijn in India tot dusver ruim 246.000 mensen overleden als gevolg van covid-19. Bovendien zijn bijna 23 miljoen gevallen van coronabesmettingen geregistreerd. Dat is ruim 1,6% van de Indiase bevolking.

    Zuurstofproductie staalsector
    JSW Steel produceert dagelijks 1200 ton LMO in zijn drie fabrieken in de deelstaten Maharashtra, Karnataka en Tamil Nadu. Ook andere staalbedrijven in India hebben de LMO-productie verhoogd. Staalbedrijf Steel Authority of India (Sail) produceert 1100 ton vloeibare medische zuurstof per dag en Tata Steel 1000 ton, zo deelden de twee staalbedrijven vorige week mee.

    Diverse landen hebben India hulp aangeboden om de coronapandemie te bestrijden. Maandag en dinsdag worden in India drie schepen verwacht die vanuit Koeweit 215 ton vloeibaar zuurstof en 2600 cilinders met zuurstof vervoeren.

    Lees het volledige artikel: fd.nl/ondernemen/1383370/coronapandem...
  8. forum rang 10 voda 11 mei 2021 08:00
    Nippon Steel Reports Results for FY22020

    Japan’s largest steel maker Nippon Steel announced the financial results for fiscal 2020. It has reported non consolidated crude steel production of 33 million tonnes for fiscal 2020 & sales of 31.22 million tonnes with sales turnover of JPY 4829 billion. Nippon Steel, expects to produce about 40 million tonnes of crude steel during its fiscal 2021 on a non consolidated basis, 21.2% higher on year as its crude steel output should reach around 46 million tonnes, 22.2% higher YoY.

    Nippon Steel said “The global economy substantially decelerated as economic activity was reduced mainly in the first half by the spread of COVID-19 worldwide. The Japanese economy also deteriorated due to global economic developments and the spread of COVID-19. In the second half of the year, the domestic and overseas economies began to show' signs of recovery but the pace of recovery varied by country. In Japan, private consumption and other aspects of the economy showed signs of improvement but have faltered again, while China was one of the first countries that resumed economic activity and steadily recovered, mainly driven by fixed asset investment. Demand for steel materials declined sharply in the first half of the year, both in Japan and overseas, due to the spread of COVID-19. In the second half, Japan recovered mainly in the manufacturing sector, notably in the automobile sector, but the level of economic recovery remained at a low level compared to before the COVID-19 outbreak. The steel market rose due to continued high levels of domestic demand and production in China, which accounts for about 60% of world crude steel production. Other regions’ tighter steel supply-demand conditions, which were in line with their economic resumption, also helped to boost the steel market.”

    Nippon Steel added “The Steelmaking and Steel Fabrication segment strived to fully establish the overall stability of its facilities and operations, while taking every possible measure on the safety, environment, disaster prevention, quality management, and compliance, improve its long-term contractual prices and variable costs, and substantially reduce fixed costs. In addition, the segment has been working to enhance its earnings base, including the structural measures for production facilities decided in February of last year, and to reform the management structure. In response to changes in steel demand, caused by the spread ofCOVID-19, the segment has promptly and appropriately implemented measures, such as production management (including temporary suspension and re-operation of blast furnaces), implementation of the business continuity plan (BCP), temporary business shutdowns, and measures in light of the deterioration in operating cash flow. As for the Steelmaking and Steel Fabrication segment’s operating results in fiscal 2020, it recorded a significant loss in the first half, mainly due to a decline in production and shipping volumes, driven by the decline in steel demand, and deterioration in Group companies' profits. In the second half, the segment worked on production in prompt, appropriate response to a recovery in steel demand, mainly from the manufacturing industry, and substantially reduced fixed costs and improved variable costs, which resulted in turning into a profitable structure in non-consolidated operating income. For the full year, the segment recorded revenue of JPY 4,228.4 billion (compared to JPY 5,257.3 billion in fiscal 2019) and business profit of JPY 63.5 billion (compared to business loss of JPY 325.3 billion).”

    Source - Strategic Research Institute
  9. forum rang 10 voda 11 mei 2021 08:02
    India Extends AD Duty on Seamless Tube Imports from China

    India's Central Board for Indirect Taxes and Customs has issued a notification on 7 May 2021 extending antidumping duties on imports of seamless tubes, pipes, hollow profile of alloy & non alloy steel from China until 31 October 2021. Under Secretary to the Government of India Mr Rajeev Ranjan ordered that “The anti-dumping duty imposed under notification No 7/2017-Customs (ADD), dated the 17th February 2017shall remain in force up to and inclusive of the 31st October, 2021, unless revoked, superseded or amended earlier.”

    The extension of the AD duty on the products in question has been necessitated as the Director General of Trade Remedies (DGTR), which had in February 2021 launched a review of the rates, is yet to complete the process and the official levy was to expire on May 16.

    The review of the existing AD duty follows application filed by domestic producers like ISMT Limited and Jindal SAW Limited with the DGTR seeking a review and continuation of the import protection, alleging that dumping of these products from China continued even after imposition of the duty and that there has been a significant increase in the volume of imports. The DGTR notification had said that, “there is a likelihood of continuation of dumping of these goods from China if the existing duty is allowed to expire. On basis of the duly substantiated application and having satisfied itself on the basis of prima facie evidence submitted by the domestic industry, the authority hereby initiates sunset review investigations.”

    The scope of product under consideration in the original investigation was “The product is classified under Chapter 73 in heading 7304. Seamless lubes, pipes & hollow profiles of iron, alloy or non alloy steel (other than cast iron and stainless steel), whether hot finished or cold drawn or cold rolled of an external diameter not exceeding 355.6 nun or 14 OD.”

    The following were excluded from the scope of product under consideration.

    1. Seamless Pipes & Tubes made of cast iron and stainless steel.

    2. Non API and Premium Joints, Premium Connections, Premium Threaded Tubes Pipes as prescribed under customs notification no. 12/12012 dated 17th March 2012 at serial number 356

    3. All 13 Chromium (13CR) Grade Tubes and Pipes

    4. Drill Collars.

    5. High pressure seamless steel pipe & tube used for manufacturing gas cylinders by producers approved by the Chief Controller of Explosives of Petroleum and Explosives Safety Organisation

    The period of investigation in the present investigation is the period from 1st April, 2019 to 30th, September, 2020 (18 months)

    Source - Strategic Research Institute
  10. forum rang 10 voda 11 mei 2021 08:04
    Aiming to Become Debt Free, JSPL Prepays to Lenders

    Jindal Steel and Power Ltd is aiming to become a net debt-free company as it made a prepayment of INR 2,462 crore to its term lenders. JSPL’s Managing Director Mr VR Sharma said “This reduction of INR 2,462 Cr is over & above the annual committed debt reduction in the financial year 2020-2021. The significant debt reduction is part of our long-term financial strategy to create a strong balance sheet. In the coming quarters, we intend to further strengthen our balance sheet and become net debt-free shortly.”

    JSPL has worked with a singular focus of debt reduction of more than INR 20,000 crores from a peak of approximately INR 46,500 crore in Q3 of FY17 to INR 25,600 crore as reported in Q3 of FY21. JSPL has recently announced divestment of its thermal power business to reduce its debt further as well as to cut down on its carbon footprint by almost half.

    Source - Strategic Research Institute
  11. forum rang 10 voda 11 mei 2021 08:05
    Salzgitter Reduces CO2 Footprint for Electrical Steel Production

    In order to be able to meet the demand for rolled products with a reduced CO2 footprint now, work is currently underway at Salzgitter Flachstahl to reduce CO2 emissions in steel production using the resources already available in the group. The steel production process using the electric arc furnace used at Peiner Träger GmbH in Peine has the advantage over the classic blast furnace route that the input material used for slab production consists of 100% scrap. In close teamwork between Peiner Träger and Salzgitter Flachstahl, a concept was developed in the second half of 2020 to supply SZFG with Peiner slabs made of electrical steel in order to be able to produce flat steel with a significantly reduced CO 2 footprint. After the casting equipment for slab production had been upgraded, the first slabs were delivered to Salzgitter as early as November 2020.

    In order to enter environmentally friendly, low CO2 steel production based on Peiner slabs, a selection of grades was developed between Peiner Träger and Salzgitter Flachstahl, with which a selected segment of flat steel production can already be served. Due to the metallurgical focus of PTG's electric steelworks on long steel products, it is currently not possible to fully implement the Salzgitter Flachstahl product range. Both soft and some micro-alloyed steels are currently produced from Peiner slabs. As part of the process and product launch, newly produced PTG grades are inspected after each production step in Salzgitter and only passed on to the next process step after they have been approved.

    The first low CO2 products are already being processed by the customer, and the knowledge gained so far will be used to gradually expand the range of qualities of the low CO2 production route presented here.

    Source - Strategic Research Institute
  12. forum rang 10 voda 11 mei 2021 08:06
    First Slab from Reheating Furnace Produced at JSW Steel Dolvi

    Global industrial engineering group Fives, and JSW Steel’s Dolvi Works has successfully discharged the first hot slab from the reheating furnace on 31 March 2021. JSW Steel contracted Fives to design and supply two reheating furnaces, Stein Digit@l Furnace, for their new hot strip mill at Dolvi works in the state of Maharashtra. The furnaces have the highest capacity installed in India to date, each 450 tonnes per hour, and feature high environmental performance and low fuel consumption. The first furnace was ignited in January 2021.

    Fives Stein India Projects Head of Project Management Mr Asis Das said “We achieved more than 85% localization and discharged the first slab in very good conditions without skewness or skid marks.”

    Source - Strategic Research Institute
  13. forum rang 10 voda 11 mei 2021 08:06
    Nucor Yamato Steel Grants FAC to SMS Heavy Beam Mill Revamp

    Blytheville Arkansas USA based Nucor Yamato Steel Company has granted SMS group the Final Acceptance Certificate for the successful modernization of the heavy beam mill No 2, on which wide-flange beams and I-beams are produced. The modernization particularly focused on replacing the existing conventional UR-E and UF stand arrangement by a compact three-stand tandem reversing mill of the type Compact Cartridge Stand 1500. The new stands are characterized by higher rolling forces, hydraulic adjustment under load and a fully automatic quick program change function. Furthermore, in the CCS mill stands, both the old existing rolls and bearings can be used as well as new rolls with larger bearing diameters. This reduces roll costs and represents a major advantage of the CCS stand design. Nucor Yamato Steel is thus able to manufacture heavier products and expand its product portfolio. The scope of supply also includes roll shop equipment and a new automation system for real-time process control.

    In addition, a hydraulic adjustment system of the bottom roll for the breakdown stand was supplied to increase the flexibility in the rolling process. It allows the bottom roll to be adjusted from pass to pass, is used for roll force measurement as well as for overload protection and as roll unjamming device. Furthermore, the scope of supply includes reinforced axial keeper plates for the breakdown stand that allow clearance-free axial clamping of the chocks.

    Nucor Yamato Steel also operates a medium section mill at the same location, which was modernized by SMS already in 2014. The two rolling mills have an annual total capacity of 2.4 million tons of finished products.

    Source - Strategic Research Institute
  14. forum rang 10 voda 11 mei 2021 08:07
    OMK Tests Exoskeletons at Chusovoy Plant

    The United Metallurgical Company OMK was one of the first industrial companies in Russia to start using exoskeletons in production. A pilot project was launched at the site of the OMK Chusovoy plant in Perm Territory in order to facilitate the work of the employees of the spring production warehouse and improve the safety level. The company purchased 2 industrial exoskeletons of the American company SuitX, spending about 1 million rubles for this purpose. It is expected that the use of exoskeletons will help employees whose activities involve lifting heavy loads to redistribute the load on the musculoskeletal system and reduce muscle tension by 60%. The special design of the device reduces the risk of injury at work.

    Exoskeletons are resistant to moisture and dust and have a small volume and weight. The exoskeleton consists of two modules. The first is designed to support the body when bending, squatting, and repeatedly lifting heavy objects. The second is to protect the worker from the risk of knee injury when squatting.

    Source - Strategic Research Institute
  15. forum rang 10 voda 11 mei 2021 08:08
    GMS Market Commentary on Ship Breaking in Week 18

    World's leading cash buyer of ships for recycling GMS said that “Despite the escalating Covid-19 crisis unfolding across the sub-continent, markets still remain firm as we head into Eid holidays this week. India has been hardest hit by this second wave of Covid-19 (reportedly a new mutation) and the country is now recording over 400,000 new daily cases and over 4,000 deaths, which could be much higher due to a lower rate of testing than most countries in Europe and the US. Pakistan, Bangladesh and Turkey are also recording increasing cases and the traditional Eid holiday religious gatherings that signal the end of the holy month of Ramadan are being strictly discouraged due to the current exponential spread in both countries. Bangladesh has extended their nationwide lockdown for another week, whilst the worst hit states in India are putting their own measures in place, in the absence of a government mandated nationwide lockdown. Pakistan also tightened domestic restrictions last week and in Gadani, activities at ship recycling yards have been suspended for the time being, similar to the present situation in India where all yards have closed and oxygen supplies are being diverted to local hospitals, in order to assist with the dire situation that’s currently unfolding. Notwithstanding, sales continue to take place into all markets and customs activities for the boarding and beaching of ships is still ongoing. With steel plate prices rampant across the industry, it is unsurprising to see local demand and offers being maintained for the time being. On the Western end, the Turkish market has recorded a surprising jump this week, with levels firming by about USD 10/MT as steel plate prices firmed this week.”

    India/Bangladesh/Pakistan

    Dry Bulk – USD 490-510 per LDT

    Tankers - USD 500-520 per LDT

    Containers - USD 510-530 per LDT

    Another demo broker EBM reported that 1998 built handy bulk carrier Vika has recently fetched USD 550 per LDT in Pakistan and a chemical tanker with more stainless steel, Glory Ship management’s Falcon, even managed USD 750 per LDT.

    Despite the prices on offer being above USD 500 per LDT, owners are not rushing to beach their ships just yet, amid hot freight rate conditions for many sectors.

    Source - Strategic Research Institute
  16. forum rang 10 voda 11 mei 2021 08:16
    Metalloinvest’s OEMK Installs Billet Surface Defects Monitor

    Metalloinvest’s Oskol Electrometallurgical Plant’s, named after AA Ugarov, section rolling shop No 1 integrated installation for monitoring internal and surface defects of circular billets from the Cherepovets company Nordinkraft was put into pilot operation. The volume of investments amounted to 200 million rubles. The new equipment detects internal defects with a size of 1 mm and more and surface defects with a depth of 0.2 mm and a length of 10 mm in round blanks. The control accuracy is almost doubled. To detect internal defects in the new installation, the non-contact method of phased arrays is used, or a full scan of the entire section of the workpiece with ultrasound. Surface defects are detected using electromagnetic waves.

    The project is part of a comprehensive program for the development of the plant, aimed at improving the quality and increasing the production of high-quality long products. Next year, a second installation will be installed in this shop to detect defects in billets of square and round sections, as well as an automated press and a multi-roll machine for straightening billets.

    Special Bar Quality is used in mechanical engineering, and is used in the production of aircraft and ship parts. Connecting rods, camshafts and crankshafts of internal combustion engines, gear wheels, shafts and gear shafts of gearboxes, steering parts, rods, struts and shock absorber springs are made from it. Key consumers are the leading Russian and international automakers KAMAZ, AVTOVAZ, Volkswagen, Peugeot, as well as the world's largest bearing manufacturers - Schaeffler and SKF.

    Source - Strategic Research Institute
  17. forum rang 10 voda 11 mei 2021 08:16
    US Steel Production Capacity Utilization Slip in Week 18

    American Iron & Steel Institute announced that in the week ending on May 8 2021 US’s domestic raw steel production was 1,774,000 net tons while the capability utilization rate was 78.1%. Production was 1,223,000 net tons in the week ending May 8, 2020 while the capability utilization then was 55.4%. The current week production represents a 45.1% increase from the same period in the previous year. Production for the week ending May 8, 2021 is down 0.8% from the previous week ending May 1, 2021 when production was 1,788,000 net tons and the rate of capability utilization was 78.7%.

    Adjusted year-to-date production through May 8, 2021 was 32,089,000 net tons, at a capability utilization rate of 77.4 percent. That is up 5.7 percent from the 30,366,000 net tons during the same period last year, when the capability utilization rate was 73.7 percent.

    Broken down by districts, here’s production for the week ending May 8, 2021 in thousands of net tons: North East: 150; Great Lakes: 615; Midwest: 180; Southern: 753 and Western: 76 for a total of 1774.

    Source - Strategic Research Institute
  18. forum rang 10 voda 11 mei 2021 08:23
    Chinese vraag naar ijzererts stuwt kosten zeevervoer naar hoogste stand in tien jaar
    Van onze redacteur 08:14

    De tarieven van het vervoer over zee van grondstoffen zijn, onder meer dankzij de gestegen vraag naar ijzererts uit China, enorm gestegen. De Baltic Dry Index, die de kosten van zeevervoer van grondstoffen als ijzer en kolen meet, bevindt zich op het hoogste niveau in tien jaar. Sinds april 2020 nam deze met 700% toe.

    Dat schrijft de Financial Times dinsdag. Een stijgende index is meestal een indicatie van economische voorspoed.

    Naast de Chinese vraag naar ijzererts, een belangrijk ingrediënt van staal, dragen ook het herstel van de productie in de rest van de wereld en de beperkte investeringen in nieuwe schepen in de laatste jaren bij aan de stijgende tarieven. Daarnaast spelen andere factoren een rol, van de Amerikaanse recordexport van graan tot aan de handelsperikelen tussen China en Australië, waardoor schepen met steenkool en andere grondstoffen vastzitten op zee.

    Baltic Dry index
    De Baltic Dry Index houdt de tarieven bij van de drie grootste scheepsklassen. Zo kost het $41.500 per dag om een zogenoemd capesize vessel te huren. Dat zijn vrachtschepen tot 360 meter lang met een gemiddelde capaciteit van 180.000 ton. Een maand geleden kostte dit nog ongeveer de helft.

    De zeevaartsector wordt sinds de financiële crisis van 2008-2009 geplaagd door een overcapaciteit aan schepen, ondanks een forse groei in de vraag naar grondstoffen. Deze daalde weer door de coronapandemie, wat voor extra misère zorgde in de sector. Nu de vraag naar grondstoffen weer aantrekt, lijkt het tij voor het vrachtvervoer over water te keren.

    De vraag is echter of dit van lange duur is, aangezien er nog verschillende uitdagingen aankomen. Zo zullen wereldwijde klimaatmaatregelen er onder meer voor zorgen dat het gebruik van steenkool, goed voor zo'n 20% van het grondstofvervoer over zee, in de komende jaren zal afnemen. Ook zal het plan van de Chinese overheid om de staalproductie dit jaar terug te schroeven, teneinde de CO2-uitstoot te verminderen, zijn weerslag kunnen hebben op de sector.

    Lees het volledige artikel: fd.nl/ondernemen/1383527/chinese-vraa...
  19. forum rang 10 voda 12 mei 2021 09:06
    Further Cut in Steel Import Duty under Consideration in India

    According to reports in media, Indian government has proposed to slash import duties on steel items further bringing it to zero or near zero levels to provide relief to MSMEs, which have been hit hard by the high cost of raw materials amidst the raging pandemic. It is expected that duty cuts in steel will be announced shortly by the DGFT after getting formal nod from the finance ministry. Government sources said that “"Steel prices continue to remain firm and have also risen further in recent months. It is making operation of several user industries difficult especially in a market disrupted by the pandemic. Cut in import duty will help tame steel prices as the global prices of steel in certain markets are still lower than domestic prices. The measure will also help supply lines of steel if there is any shortage in domestic steel production due to use of oxygen by steel makers for Covid relief.”

    In budget 2021-22, India’s Finance Minister Ms Nirmala Sitharaman had reduced the anti dumping duty and countervailing duty on certain steel products while reducing customs duty uniformly to 7.5% on semis, flat, and long products of non-alloy, alloy, and stainless steels from 10-12.5% levels earlier. She also brought down import duty to nil on steel scrap to support user industries hit hard by sharp rise in steel prices.

    With demand for steel remaining firm and China cutting export incentives to steel makers to support domestic needs, Indian steel prices are expected to move up further. Moreover, it is quite unlikely that proposed reduction in import duty would help steel users as global steel exports prices are red hot and steel imports seem unviable. The only way to improve domestic availability is to tame exports by imposing 20-25% export duty.

    Source - Strategic Research Institute
  20. forum rang 10 voda 12 mei 2021 09:08
    Indian Steel Prices Lowest in the World - Mr TV Narendran

    Tata Steel MD & CEO Mr TV Narendran in an interview with Zee Business said that “There are a lot of things supporting the sector and it has a reason including there have been some structural changes in it. In the last 10 years, the most prominent thing was that a lot of export was coming from China and Chinese exports were impacting steel prices globally. From the last few years, we are seeing that China’s export is not so much, in fact, it is importing steel and we have also exported steel to China from India. Right now, we are seeing that China is actively discouraging exports and they have stopped their export remains from May 1, 2021.This means the Chinese steel export prices will continue to remain better. The second thing is that due to climate change carbon cost is increasing in much geography, for instance in Europe the cost has increased, even in Japan, it has been announced that they will shut down the blast furnace production. Due to these factors, globally we are seeing that cost curves have changed a bit and have impacted the carbon cost. The third thing is that after the COVID, many governments are investing in infrastructure. If you will see then there are plans to invest in infrastructure in the US. In the case of India, the last budget had a lot of focus on infrastructure. There is a continuous focus on infrastructure even in China. So, the focus on infrastructure improves the steel intensity of growth. This is the third factor and due to these reasons, we expect that in the next 5-10 years the steel cycle or the metal cycle will be slightly different from the last 10 years.”

    He said “Undoubtedly, the steel prices have gone up in the last few months but if you will have a look at the domestic prices in India then it is the lowest in the world. Because, if seen international prices then hot-rolled prices in the US is USD 1,500, in Europe it is EUR 1000 and in South India, it has reached USD 1000. Having an eye on all these, we can say that Indian prices are one of the lowest in the world today. But we are also seeing the demand situation and what impact wave two will have. So, we are watching and will do whatever is right. Indian exporters and Indian producers are selling most of their produce in India, only, and if there is a demand then we will prefer to sell it in India.”

    Source - Strategic Research Institute
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