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Home  /   Forum   /   Arcelor Mittal   /   Nieuws en info hier plaatsen (deel 4)

Aandeel ArcelorMittal AEX:MT.NL, LU1598757687

Laatste koers (eur) Verschil Volume
22,270   +0,140   (+0,63%) Dagrange 22,160 - 22,270 308.639   Gem. (3M) 2,2M

Nieuws en info hier plaatsen (deel 4)

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35.173 Posts
Pagina: «« 1 ... 1322 1323 1324 1325 1326 ... 1759 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 20 mei 2021 07:55
    JSW Group Opens 1000 Bed COVID Facility in Bellary

    JSW Group has launched a 1,000-Bedded Oxygenated Covid Care District Field Hospital at Toranagallu in Bellary in Karnataka. The hospital inaugurated virtually by Karnataka Chief Minister Mr BS Yediyurappa has a 4.8 kilometer oxygen pipeline originating from its steel factory that is supplying medical oxygen directly to the hospital for treatment of ailing patients. JSW Chairman Mr Sajjan Jindal said “At this alarming and decisive juncture of human survival, JSW would like to do everything in its humble capacity for the service of mankind. We have created this field hospital to ensure direct oxygen supply from plant to patient.”

    In order to ensure uninterrupted oxygen supply, JSW Steel Vijayanagar Works will supply 1200 cubic meters of oxygen per hour to this mega hospital. The hospital premises will be kept cool through 850 tonnes of air-conditioners installed across the premises with an electrical substation. It also has an exhaust and air purifier system installed to maintain appropriate temperature range and air quality inside the premises. It will also have all necessary power and water supply to ensure smooth running and uninterrupted care to the patients.

    JSW Group has created this mega-hospital in collaboration with the District Administration of Bellary. The-Hospital will be managed and administered by the Bellary District Administration in multiple shifts with the help of 700 personnel across three shifts, comprising doctors &specialists, nurses, paramedics, supervisors, and non medical staff.

    The Covid-Care Hospital is equipped with medical equipment for critical care, pharmacy as well as supported by kitchen and laundry services.

    Source - Strategic Research Institute
  2. forum rang 10 voda 20 mei 2021 07:55
    SAIL ISP Sets Up 200 Bed COVID Facility at Burnpur

    India’s Steel Minister Mr Dharmendra Pradhan opened a 200 bed oxygen-equipped COVID care facility at Burnpur. SAIL-ISP Burnpur has converted its 32 room Chhotadighari Vidyapeeth HS School into 200 bedded Jumbo COVID Care Facility. The facility is equipped with 10 ventilators and 8 ICU beds are also being made operational at the facility.

    The new temporary facility is a part of the 500-bedded Jumbo Covid-care centre being established by SAIL for providing critical care to Covid19 patients in and around Burnpur in Asansol and Paschim Bardhaman region of West Bengal.

    Source - Strategic Research Institute
  3. forum rang 10 voda 20 mei 2021 07:56
    China Refutes US EU Statement on Steel Over Capacity in China

    Chinese media reported that China’s Foreign Ministry has urged US to stop forming small cliques targeting China, saying such twisted and narrow-minded mentality is not befitting of a global power. Chinese Foreign Ministry spokesperson Mr Zhao Lijian said “How the US develops its economic and trade relations with Europe are its own business, but they should not use China as a pretext or even attempt to form a small clique against China. I want to ask certain people, what is their basis for such groundless accusations against China? China does not pursue hegemony, conduct long-arm jurisdiction or unjustifiably suppress foreign companies.”

    The spokesperson also took an aim at the US' protectionist moves, saying that certain countries have arbitrarily taken unilateral trade measures, such as increasing tariffs and unilaterally obstructing the normal operation of the WTO Appellate Body. Urging countries to abandon zero-sum mentality and resolve disputes through talks on the basis of mutual respect and in accordance with relevant WTO rules, he said "This is precisely the biggest distortion of the normal international trade order.”

    As for accusations of China causing steel overcapacity, Zhao suggested that China has made concrete contribution to reducing capacity. He said "We hope each party would take effective measures to safeguard the stability of global markets and trade.”

    The comment came after the US and the EU on Monday agreed not to escalate their dispute over US steel and aluminium tariffs and said in a joint statement that they can work together to hold countries like China that support trade-distorting policies to account.

    Source - Strategic Research Institute
  4. forum rang 10 voda 20 mei 2021 07:58
    White Oak Due Diligence for Australian Business of Liberty Steel

    Eminetra reported that when UK’s Serious Fraud Office confirmed on Friday that it was investigating the GFG Alliance, it appeared that San Francisco-based private lenders White Oak Global Advisor, supposed to be a rescuer, had left when it said that it would no longer continue discussions with a company being investigated by the Serious Fraud Office for money laundering, few hours later, it issued a clearly contradictory statement regarding GFG’s Australian operations. A spokesperson said that it is continuing efforts to refinance Liberty Primary Metals of Australia, subject to financial due diligence and acceptable governance. South Australian Treasurer Mr Rob Lucas also said on Sunday that White Oak has made it pretty clear that it has not pulled out of the deal and would continue with due diligence despite confusion late on Friday night when conflicting statements from White Oak emerged.

    The reason may be that White Oak Global Advisor is not a fresh white knight but could be trying to manage their existing exposure to metal group. According to documents seen by the Financial Times and those familiar with the matter, White Oak has already undertaken considerable exposure to GFG. White Oak also funded Gupta’s Liberty Group directly.

    White Oak was ready to agree on the terms of funding parts of Mr Gupta’s vast industrial empire with an estimated AUD 430 million transaction to refinance the lifelines of Australian and British steelworks.

    The relationship between White Oak and GFG dates back to at least February 2019. At that time, the US Group provided AUD 200 million in borrowing facilities for Liberty’s Australian operations. Greensill has invested AUD 545 million with it. According to one person with knowledge of the matter, White Oak subsequently intervened to purchase Liberty Commodity debt from Greensill, for a total of more than USD 200 million. As of early March this year, White Oak had nearly USD 300 million in exposure to Gupta’s Liberty Commodities, which was scheduled to mature on May 20. White Oak has also agreed to lend money to Gupta’s Liberty Commodities and Westford Trade Services, a trading finance company with extensive business.

    Source - Strategic Research Institute
  5. forum rang 10 voda 20 mei 2021 07:59
    US Steel Industry Urge Mr Biden to Keep Steel Tariffs in Place

    Seven of the leading groups representing the US steel industry and labour have urged President Joe Biden to ensure steel tariffs, put in place in 2018 to protect national security, are preserved. The American Iron and Steel Institute, United Steelworkers union, Steel Manufacturers Association, The Committee on Pipe and Tube Imports, Specialty Steel Industry of North America, American Institute of Steel Construction and Alliance for American Manufacturing wrote to US President Mr Joe Biden stating “Eliminating the steel tariffs now would undermine the viability of the American steel industry. Opponents of the steel tariffs argue that they should be eliminated to increase supply, given the current environment of rising prices and long lead times. This ignores the fact that the COVID-19 pandemic has posed unprecedented, but temporary, challenges to global supply chains in many industries, including lumber, semiconductors, concrete, agricultural products and cleaning products, as manufacturers respond to rapid and unpredictable shifts in customer demand and logistical difficulties. The same is true for steel.”

    The groups noted that domestic steel supply is responding to market signals.” Steel production has increased by more than 50% in the last year and steel mill employment has increased by nearly 3,000 since September. The groups also stated that, since the tariffs took effect, American steel producers have announced plans to invest more than USD 15.7 billion in new or upgraded facilities.

    Source - Strategic Research Institute
  6. forum rang 10 voda 20 mei 2021 08:01
    Salzgitter Breaks Ground for µDRAL Pilot Plant for SALCOS

    Salzgitter AG is setting another building block for low CO2 steel production. As part of SALCOS, S Alzgitter Low C O2 Steelmaking, the ground breaking for the construction of µDRAL, a demonstration plant for the production of directly reduced iron took place. It is the first DRI system that can be operated flexibly with natural gas and hydrogen. Production will begin in the first half of 2022. Initially, the directly reduced iron will be used in the blast furnace process to save injected coal and in the electric arc furnace at the Peine plant. The plant has a production capacity of 2,500 kilograms per day and can be operated flexibly with different proportions of 0 - 100% of natural gas and hydrogen. The supplier and technology partner is Tenova, an international manufacturer of systems for the metal and mining industries.

    The construction of the new direct reduction plant is the next step in the realization of SALCOS. The complete transformation of steel production at Salzgitter AG to hydrogen-based processes is to be implemented in several stages by 2050 at the latest. This will cause CO2reduced by up to 95% in steel production.

    The Salzgitter Group is investing € 13.6 million in the new plant. The Federal Environment Ministry supports the project with a funding rate of 40%.

    Source - Strategic Research Institute
  7. forum rang 10 voda 20 mei 2021 08:01
    MMK Rolls First Coil on SMS Modernized 2 Stand Compact Cold Mill

    Russian steel producer Magnitogorsk Iron & Steel Works has successfully rolled the first coil on the two-stand Compact Cold Mill from SMS group after a reconstruction time of only twelve months. The new CCM now features actuators and measuring systems of the latest state of the art. The two-stand four-high Compact Cold Mill supplied by SMS has been successfully in operation since 2002. In February 2020, MMK decided to reconstruct and upgrade the mill. After a thorough assessment of the equipment jointly with SMS, MMK had decided to integrate future-proof technological features of the latest state of the art. Both on the entry and exit side of the CCM, a new reversing reel was installed. These reels are equipped with a gear stage and a hollow shaft to enable quick mandrel changes. While the existing mill housings were reused, key mechanical and actuating equipment was renewed.

    The bearings of the back-up rolls were converted to anti-friction design. To this end, the chocks of the back-up rolls and the oil/air lubrication system were completely renewed. In addition, further essential actuating systems were completely renewed: the cylinders of the hydraulic roll adjustment system, the cylinders and the bending block cassettes of the work roll bending system, the CVC plus (Continuously Variable Crown) work roll shifting system and the wedge adjustment system for the passline control.

    For the mechanical drives of the stands, SMS supplied new gearboxes, brakes and drive spindles, complete with new spindle head supports. In order to make the mill fit for future quality requirements, in particular in terms of strip flatness, additional quality-enhancing systems and components were included, as multi-zone cooling at both stands, two X-Shape flatness measuring rolls and strip tension measuring systems, for example. All valve stands for the high and low-pressure systems were replaced. Even a new mill stand platform and new piping in the proven AIO (All In One) design were installed. The emulsion system was equipped with new filter units to assure consistent emulsion quality and excellent cleanness of the strip surface. Specifically, vacuum filters, chain-type magnetic separators and additional backflush filters were installed.

    The scope of mechanical supplies was completed by new Dry Strip systems, installed at both rolling stands for the removal of emulsion residues from the strip surface, and roll shop equipment.

    Source - Strategic Research Institute
  8. forum rang 10 voda 20 mei 2021 08:02
    Chinese Jingye Group Shows Interest in Liberty Steel Assets in UK

    The Daily Mail reported that the Chinese owner of British Steel Jingye is eyeing plants owned by metals tycoon Mr Sanjeev Gupta. The Financial Times reported that “Jingye has told officials it could take on parts of Liberty Steel, although talks remain at an exploratory stage. There have already been discussions with government.”

    Other bidders are said to include India’s JSW Steel.

    Source - Strategic Research Institute
  9. forum rang 10 voda 20 mei 2021 08:03
    57 Officials Involved in Corruption at Kunming Iron & Steel

    Global Times reported that a corruption scandal involving 57 officials and employees of Southwest China's Yunnan Province’s Anning based state owned steel company Kunming Iron & Steel Holding is ongoing, with almost all of the management team of the company involved. Provincial anti graft body confirmed that while a deputy manager Mr Dong Ruizhang voluntarily surrendered himself to the legal authorities, a total of 25 other executives voluntarily disclosed their violations of law after the discipline inspection organ at the steel plant has decided to exempt them from criminal investigation. Presently, at least 57 people have been found to be involved, reflecting that there is still a long way to go to uncover corruption scandals at SOEs while sending a strong signal that anti-graft bodies are determined to root out all illicit acts.

    On April 14, the provincial anti-graft body investigated 19 individuals from the company over violations of Party disciplines and national laws, while 12 other people were detained on suspicion of taking bribes. Those under investigation include the steel firm's chairman, deputy general managers, top executives and employees from its wholly owned subsidiaries, holding companies and joint-stock firms.

    Founded in 2003, Kunming Iron & Steel Holding Co's total assets are worth around 64.7 billion yuan as of the end of September 2020, with debts worth 46.1 billion yuan. The group has an annual steel production capacity of 10 million tonnes. China's largest steelmaker Baowu Steel Group Corp signed an agreement with the State-owned Assets Supervision and Administration Commission of Yunnan Province, on February 1, to acquire a 90% stake in Kunming Iron & Steel Holding Co, with the transfer to be completed within six months.

    Source - Strategic Research Institute
  10. forum rang 10 voda 20 mei 2021 08:04
    McKinsey Expects Hydrogen Based Steel Competitiveness by 2050

    According to McKinsey, it could take until 2050 for hydrogen-based steel production, carbon capture and storage and carbon capture usage to be competitive options for steelmakers. McKinsey in a recent research note “Tackling the challenge of decarbonizing steelmaking” wrote “The transition toward clean energy and decarbonization of the fuel mix is one of the most burning topics in heavy industry. The steel industry is one of the top three contributors to CO2 emissions, and more than 70% of greenhouse-gas emissions in the steel industry are directly linked to use of coal as both fuel and reductant. Steelmakers are taking several steps to decarbonize, targeting this regime for quick results. The first step toward this goal is focused on emissions reduction and the repurposing of steel through a switch to alternate materials in steelmaking and efficient production of long-lasting steel products. Second, operations can be decarbonized by increasing scrap usage and carbon-free electricity. Some steelmakers use biomass as a reductant instead of coal and implement smart carbon usage to capture and mitigate the release of CO2 emissions. Recent developments in regulations, along with commitment among some governments to reduce CO2 emissions, have led many steelmakers to set high decarbonization goals in coming years. Steel companies should, therefore, determine their midterm and long-term paths to decarbonization today.”

    McKinsey said “While the next decade will likely see process modifications such as carbon capture and storage CCS and carbon capture and usage CCU, implementation of new processes will be critical. One lever for these transitions will be the reduction of iron ore with hydrogen instead of coal. However, the determining factor for the success of this technology will be the availability of hydrogen at economic level and at scale. While CCS and CCU are both medium- and long-term economic options, hydrogen is a growing opportunity in the face of ambitious international climate targets. It is one of the few options for reducing emissions in steelmaking and could provide renewable developers a competitive advantage in the current paradigm. According to McKinsey’s SteelLens, hydrogen-based steel production could enable steel production that is nearly carbon-neutral. Adopting CCS or CCU technology in existing blast furnaces would add operational expenditure of approximately EUR 100 per tonne of crude steel, and hydrogen-based steel production would cost approximately EUR 170 per ton of crude steel. By 2050, with increases in scaled hydrogen production and carbon taxes, hydrogen-based steel production, CCS, and CCU will provide competitive options for steelmakers.”

    McKinsey concluded “We believe that, starting today, decarbonization of the steel industry would lead to better outcomes for individual companies. Looking toward the long-term horizon of building or retrofitting industrial sites, significant emissions reductions can be achieved more efficiently through investment and plans initiated now.”

    Source - Strategic Research Institute
  11. forum rang 10 voda 20 mei 2021 08:04
    Rubiera Special Steel Orders Danieli Ingot Grinders

    Two new grinders ordered by Rubiera Special Steel will be installed at Casalgrande RE steelworks in Italy. Featuring technologically advanced multi-product grinding tables the new grinders will process special steel polygonal, multifaced, round, and square ingots up to 120 tonnes. Both grinders will be equipped with the highly reliable Danieli belt-driven spindles driven by 120-kW main motors and Danieli original Hi-Grind removal control system, which will ensure consistency in surface quality and removal depth. The new grinders are scheduled to be fully operational by early 2022.

    The turnkey installation will be characterized by skid-mounted hydraulic machinery that makes it possible to reduce equipment and interconnecting piping construction, and installation time.

    Source - Strategic Research Institute
  12. forum rang 10 voda 20 mei 2021 08:05
    Fitch Upgrades Outlook for JSW Steel & Tata Steel

    Fitch Ratings has upgraded the outlook or two Indian steel giants JSW Steel & Tata Steel. Fitch Ratings revised the Outlook on India's JSW Steel Limited's Issuer Default Rating to Positive, from Negative, while affirming the IDR at 'BB-'. Fitch Ratings has also upgraded India's Tata Steel Limited's Issuer Default Rating to 'BB', from 'BB-' with Stable Outlook.

    For JSW Steel, Fitch Ratings said “The Outlook revision is based on our estimate that JSWS's leverage in the financial year ended March 2021 (FY21), excluding the impact of the Bhushan Power and Steel Ltd acquisition, was materially lower yoy and compared with our previous expectations. We also expect leverage to continue to decrease. We expect JSWS's EBITDA to rise further from FY22, driven by higher volumes after adding capacity of 5 million tonnes per annum or more than a quarter of current capacity, from mid-FY22. We expect limited impact on JSWS's steel output despite a resurgence in Covid-19 cases in India and see upside risk to our FY22 margin assumption, if robust steel prices are sustained. Capex is also likely to increase after a cut in FY21 as the company re-focuses on growth. Although we have assumed higher capex from FY22, a further increase in JSWS's spending plans remains a risk as our expectation for leverage implies that it will stay well within company's net debt to EBITDA ratio target of 3.75x.”

    For Tata Steel, Fitch Ratings said “The upgrade follows a significant improvement in TSL's financial profile in the financial year ended March 2021, driven by a jump in margins following a faster recovery in the global steel market from the impact of the coronavirus pandemic than we expected. Leverage, based on our estimate of gross debt/EBITDA after adjusting for items such as leases and long-term customer advances, was around 3.5x in FY21, sharply lower than the 7.5x in FY20. We expect TSL's leverage to remain stable over the next three years.”

    Source - Strategic Research Institute
  13. forum rang 10 voda 21 mei 2021 10:27
    Steel Production Growth Leads to Surge in CO2 Emissions in China

    According to Helsinki based Centre for Research on Energy and Clean Air’s recent report, China's emissions of carbon dioxide emissions rose by, fastest pace in more than a decade, 15% in the first quarter of 2021 compared with pre-pandemic levels, driven by a carbon-intensive economic recovery and big hikes in steel and cement output. The post-pandemic surge means China’s emissions reached a new record high of nearly 12 billion tonnes GtCO2 in the year ending March 2021. This is some 600 million tonnes 5% above the total for 2019. The reasons for such rapid emissions growth in China relate to the way the country has come out of the coronavirus pandemic on a wave of stimulus spending. The CO2 surge reflects a rebound from coronavirus lockdowns in early 2020, but also a post-Covid economic recovery that has so far been dominated by growth in construction, steel and cement.

    CREA’s lead analyst Mr Lauri Myllyvirta said that “Since China began relaxing COVID-19 lockdowns, total CO2 emissions exceeded pre-pandemic levels by 7%, setting the fastest rate of growth since 2012. In the first quarter of 2021, China’s CO2 emissions from fossil fuels and cement production grew by 14.5%, relative to the same period a year earlier. Around 70% of the CO2 surge in the first quarter was due to increased consumption of coal, as Chinese coal production rose 16% year on year in the first three months.”

    Based on coal and power consumption data, the steel sector is responsible for more than 30% of total coal use in China and has been the main source of growth in demand. The numbers cited in conjunction with the emissions target indicate that only direct emissions from iron and steel production are included, not electricity use for manufacturing of steel products or electric steelmaking from scrap. Yet, the target still has implications that also go beyond steel. The plan to cut steel emissions is mainly predicated on a major increase in electric steelmaking from scrap metal, potentially reaching almost 40% of steel output by 2030. This compares to the current share of electric steelmaking of just 10%. If steel output volumes level off and the supply of scrap is fully used for steel production, this alone would be enough to deliver an almost 30% reduction in emissions from the sector, as 30% of primary steelmaking and direct emissions would be replaced with electric arc production.

    The industry can play a role in stabilising or reducing steel demand, because higher quality steel reduces the amount needed in construction. But the emissions reduction plan can only work if the current expansion of steel demand for construction slows down. During the past five years, steel demand growth significantly exceeded government targets and forecasts: GDP growth was in line with targets, but was far more steel-intensive than expected. Steel production in 2020 was 40% higher than projected in the previous five-year plan in 2016, for example. Steel production expanded by 31% over the period, while the GDP expanded 32%. If the need for steel continues to grow as fast as China’s GDP, then total demand could rise more quickly than the level able to be supplied by increasing output from scrap. It would also be too large to be met by plans to pilot hydrogen and other non-coal-based steelmaking.

    China has set targets to bring carbon emissions to a peak by 2030 and become carbon-neutral by 2060. China has vowed to cut coal consumption, its biggest source of carbon emissions but only after 2025. While emissions from China’s steel sector have been increasing rapidly in recent years, ambitious emissions reduction targets are being put in place for the industry. These targets would involve the sector’s CO2 emissions peaking before 2025 and falling 30% from the peak by 2030. The goals are the steel industry’s proposed response to the central government’s call for emissions from major energy-consuming industries to peak by 2025, achieve steady reductions by 2030 and substantial reductions by 2035.

    The analysis is based on official figures for the domestic production, import and export of fossil fuels and cement, as well as commercial data on changes in stocks of stored fuel. Emissions are estimated from National Bureau of Statistics data on production of different fuels, steel and cement, China Customs data on imports and exports and WIND Information data on changes in inventories.

    Source - Strategic Research Institute
  14. forum rang 10 voda 21 mei 2021 10:29
    Total to Supply LNG to AM/NS India for Hazira Plant

    Total and ArcelorMittal Nippon Steel India have signed an agreement for the supply of up to 500,000 tonnes of liquefied natural gas per year until 2026. The LNG will be sourced from Total’s global portfolio and offloaded either in Dahej or Hazira LNG Terminal, on the West Coast of India. AM/NS India will use the LNG to run its steel and power plants located in Hazira in Gujarat state. Total’s Senior Vice President LNG Mr Thomas Maurisse said “The supply of LNG will contribute to the reduction of AMNS’s carbon emissions, in line with Total’s ambition to offer its customers energy products that emit less CO2 and to support them in their own low-carbon strategies.”

    This agreement strengthens Total’s relationship with AMNS and contributes to the decarbonization of India’s steel industry, which still rely heavily on coal.

    Total is the world's second largest privately owned LNG player, with a global portfolio of nearly 50 million tonnes per year by 2025 and a global market share of around 10%. Thanks to its interests in liquefaction plants in Angola, Australia, Egypt, the United Arab Emirates, the United States, Nigeria, Norway, Oman, Russia and Qatar, the company markets LNG on all world markets.

    Source - Strategic Research Institute
  15. forum rang 10 voda 21 mei 2021 10:30
    500 Bed COVID19 Facility Opens in Salem in Tamil Nadu

    Tamil Nadu’s Chief Minister Mr MK Stalin has dedicated a 500 bed COVID-19 treatment centre near Steel Authority of India Limited’s Salem Steel Plant on Thursday, and inspected the facility. The 500 bed facility is being readied jointly by the district administration, Salem Steel Plant, JSW industries and other service organisations. The medical oxygen supply to the facility is drawn in pipeline from the oxygen plant set up at the Steel Plant and all 500 beds would have medical oxygen support. Each bed has been provided with a separate cabin.

    The Covid-19 patients are expected to get admission in this centre in the next few days.

    Source - Strategic Research Institute
  16. forum rang 10 voda 21 mei 2021 10:30
    China’s Steel Supply Side Reforms to Accelerate

    Fitch Ratings expects the consolidation of China’s steel industry to accelerate and for facility upgrades to enhance energy efficiency in the next five years. Fitch Ratings said “Industry utilisation rates reached 80% in 2019 and 79% in 2020, up from 70% in 2015 and in line with China’s 13th five-year plan target of 80%. This was despite higher documented steel capacity at end-2020, driven by strong demand. China has eliminated more than 150 million tonnes of undocumented sub-standard steel capacity since the introduction of supply-side reform in 2015. Industry top-10 concentration has improved by 3pp since 2015, to reach 37% in 2019. However, this remains behind the 13th five-year plan target of 60%. The country’s highly fragmented steel market has a large number of small producers with 1-3 million tonnes capacity plants that are unattractive for large state-owned enterprises as acquisition targets. This makes consolidation harder to achieve than in other industries, such as coal and cement.”

    Fitch Ratings added “In the next five years, China’s 14th five-year plan emphasises further consolidation targets. We expect consolidation to accelerate with the emergence of mega producers. The 14th five-year plan also contains more requirements for better technology usage and higher energy efficiency in the steel production process.”

    Source - Strategic Research Institute
  17. forum rang 10 voda 21 mei 2021 10:34
    UK’s Steel Industry Opposes Plans to Remove Tariff Protections

    The UK steel industry has hit government plans to eliminate tariffs on imports of various products, describing them as hammer blows that risk long-term damage to the sector. According to UK Steel, UK’s Department for International Trade’s removal of numerous products from import safeguards, designed to protect UK’s domestic producers from floods of cheap imports, needs urgent rethinking. UK Steel’s Director Mr Gareth Staith warned that the removal of protection would have a negative impact on steelmakers in Wales and northeastern England.

    Steel Union Community head of operations Alas der McDiamide said “This is the first test of the government’s commitment to the steel industry after Brexit and has failed.”

    Under the plan announced, DIT’s arm’s length agency, Trade Relief Research Agency, recommended extending measures for 10 categories of imports for three years starting next month. It also proposed cancelling nine categories of measures. Authorities found that there were no domestic production in these categories and said the increase in imports was not significant enough or was unlikely to damage domestic industry.

    Safeguard sets tariff-free quotas on various steel products based on import levels from 2013 to 2017. If the quota threshold is exceeded, a three-month additional import duty will be levied. These have been in place since 2018, when the UK was still part of the EU and have been extended as part of the Brexit transition period that ended in December.

    Source - Strategic Research Institute
  18. forum rang 10 voda 21 mei 2021 10:35
    AP Assembly Passes Resolution Opposing RIL VSP Privatization

    The Andhra Pradesh Assembly has passed a resolution opposing the privatisation of Visakhapatnam Steel Plant. The Minister for Industries, Mekapati Mr Gautam Reddy, proposed the resolution and it was passed unanimously. Assembly unanimously made the resolution to oppose the decision of the Cabinet Committee on Economic Affairs for 100% strategic disinvestment of Government of India’s shareholding in RINL, along with ceding management control by way of privatization. The Assembly also resolved to seek the support of GoI to make RINL profitable and remain the pride of Telugu People and the state of Andhra Pradesh.

    Moving the resolution, Mr Gautam Reddy said that considering the sensitivity of the issue and widespread agitation by the trade unions and common public against the divestment proposal, the Government of AP had acknowledged the need for supporting the cause of protecting Rashtriya Ispat Nigam Limited, the corporate entity of VSP, from disinvestment. He recalled that, accordingly, AP Chief Minister Mr YS Jagan Mohan Reddy addressed a detailed letter dated 06.02.2021 to the Prime Minister with a request to reconsider the proposal of disinvestment. He also suggested alternative solutions that may be helpful to address the issue of huge losses incurred by RINL.

    He further recalled that the CM also reiterated the stand of AP government during his interaction with the trade unions in Visakhapatnam on February 17.

    Source - Strategic Research Institute
  19. forum rang 10 voda 21 mei 2021 10:36
    South Korea to Impose AD Duty on Flat Stainless Steel Imports

    Yonhap reported that South Korea's trade dispute agency Korea Trade Commission held a public hearing on anti-dumping cases of flat rolled stainless steel imported from China, Taiwan and Indonesia, prior to its final ruling slated in July for probe launch in September 2020.

    South Korea's top steelmaker POSCO filed the complaint with the commission over anti-dumping by their foreign rivals in July 2020. Commission made a preliminary decision in February, saying that flat-rolled stainless steel products from the three countries were imported at below-market prices, having adverse impacts on local industries. Under the decision, South Korea will consider imposing around 49% anti-dumping tariffs on Chinese products, 29.68% for those from Indonesia & 9.2-9.51% forTaiwan

    Products from the three countries accounted for roughly 40%. South Korean firms took up around 40% of the market.

    Source - Strategic Research Institute
  20. forum rang 10 voda 21 mei 2021 10:36
    100 Bed COVID19 Facility Opens at SAIL RSP Hospital

    The augmented ICU ventilator facilities for treatment of COVID patients at Ispat Post Graduate Institute and Super Specialty Hospital in Steel Authority of India Limited’s Rourkela Steel Plant were opened by Steel Minister Mr Dharmendra Pradhan on 20th May 2021. To tide over the surge in the COVID cases, it was decided to upgrade the facility to a 100-bedded ICU for Covid care and treatment at SSH. Accordingly, ventilators were procured by SAIL, RSP on a war footing and installed in the hospital.

    RSP is in the process of setting up a jumbo 500 bedded hospital with piped gaseous oxygen supply directly from the plant with ventilators and other associated facilities.

    SAIL has taken a slew of measures to contribute to Odisha’s fight against the pandemic. Rourkela Steel Plant set up a Virology Laboratory at its IGH in April-2020, which enabled quick Covid testing. The capacity of the testing facilities for RT-PCR has been enhanced from the initial levels and work is in progress to increase it further. RSP has been constantly supplying the life-saving LMO which is dispatched from RSP to various states of the country including Odisha.

    Source - Strategic Research Institute
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  5. Experts optimistischer over december met ASML en Adyen als toppers
  6. Angst voor handelsoorlog drukt AEX in het rood, messen geslepen voor PCE-inflatie en Fed-notulen
  7. Beursblik: Bank of America positiever over ArcelorMittal
  8. ArcelorMittal stelt duurzaamheidsplannen uit
  9. Mondiale staalproductie licht gestegen
  10. Citi verhoogt koersdoel ArcelorMittal