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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
22,920   -0,070   (-0,30%) Dagrange 22,780 - 23,080 456.119   Gem. (3M) 2,4M

Nieuws en info hier plaatsen (deel 4)

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35.173 Posts
Pagina: «« 1 ... 1645 1646 1647 1648 1649 ... 1759 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 12 december 2022 06:57
    Metso Outotec to Convert Pilot Plant for Hydrogen based DRI

    Strategic Research Institute
    Published on :
    12 Dec, 2022, 3:52 am

    Metso Outotec will convert its existing 700 mm Circulating Fluidized Bed pilot plant in Frankfurt, Germany, for hydrogen-based direct reduction of fine ore, applying the proven Planet Positive CircoredTM technology.

    The pilot plant can also be used for the reduction of high-grade iron fines concentrate and to confirm the design basis for an industrial-scale CircoredTM plant. Commissioning of the plant is expected to take place by December 2023.

    Once operational, the 700 mm pilot plant will be able to continuously produce 150 – 200 kg/h of direct reduced iron, using 100% hydrogen as the sole reducing agent. The pilot plant will have an integrated pre-heating and reduction section, followed by a gas cleaning and recirculation facility. The investment includes installation of electric heaters in the process, making it an almost zero-carbon-emission plant. The data obtained from the use of electric heaters will be used to scale up the design of industrial heaters capable to running on renewable energy.
  2. forum rang 10 voda 12 december 2022 06:58
    Swiss Steel Group Holds Hydrogen Symposium for Green Steel

    Strategic Research Institute
    Published on :
    12 Dec, 2022, 5:42 am

    The Swiss Steel Group held the 1st Hydrogen Symposium at the Henrichshütte Iron & Steel Works in Hattingen in September, in which eminent speakers from academia, business and politics held lectures in four sessions dedicated to the following key topics:

    1. Hydrogen supply strategy

    2. Hydrogen-resistant steels

    3. Industrial use of hydrogen

    4. Supply and use of hydrogen based on the example of Deutsche Edelstahlwerke

    Several presentations were made during the event

    Deutsche Edelstahlwerke Specialty Steel’s Vice President Technology & Quality Dr Till Schneiders - “The Future of Hydrogen – Solutions from the Swiss Steel Group”

    Federal Ministry of Education & Research Innovation Commissioner for Green Hydrogen Mr Till Mansmann - “Research and Development for a Successful Ramp-up of the Hydrogen Economy”

    Open Grid Europe’s Dr Philipp Wasmuth - “Hydrogen for the Diversification and Decarbonization of the European Energy Supply”

    Ruhr University Bochum’s Chair of Energy Systems and Energy Economics Dr Julian Röder - “Hydrogen in the Future Energy System – Challenges and Trade-offs”

    Swiss Steel Group’s Director Corporate Strategy Mr Robert Baron -“Hydrogen: From Buzzword to Reality”

    Ruhr University Bochum’s Jens Jürgensen - “Material Challenges and Solutions for the Use of Hydrogen as an Energy Source”

    EURO-LABOR’s Managing Director Dr Gregor Manke - “Local Hydrogen Analysis – Non-destructive Hydrogen Measurements”

    Deutsche Edelstahlwerke Specialty Steel’s Head of Research and Development’s Dr Hans-Günter Krull - “Material Selection for the Use of Hydrogen”

    Fraunhofer IWM’s Group Manager Lifetime Concepts for Hydrogen Applications Dr Thorsten Michler - “Stainless Steels for Hydrogen Applications – An Overview”

    BMW AG’s Head of Hydrogen Storage Development’s Dr Klaas Kunze - “The Hydrogen Fuel Cell Drive in the Passenger Car Application and use of Steel Materials in the High-pressure Storage System”

    Deutz AG’s Head of Thermodynamics & Emissions in the R&D Division Dr Heinrich Bülte - “Hydrogen Engine Power Generation and Non-Road Mobile Machinery”

    MAN Energy Solutions Head of Material Technology Dr Roland Herzog “Current Issues in the Evaluation of Turbomachinery Components for Applications with Compressed Hydrogen”

    Siemens Energy Global’s Advisory Key Expert Stefan Wanjura “Consideration of the Effects of Compressed Hydrogen on the Fuel-bearing Components of Large Gas Turbines using the Example of a Selected Component”

    Schaeffler AG’s Senior Vice President Central Technologies Prof Dr Tim Hosenfeldt - “Materials-based Innovations for the Supply and Use of Hydrogen”

    Messer SE & Co KGaA Senior Vice President Application Technology Davor Spoljaric - “Cost-optimized Supply and Effective Use of ‘Green’ Hydrogen: Step-by-step Decarbonization at the Steel Mill”

    Deutsche Edelstahlwerke Specialty Steel ‘sHead of Investments / Special Tasks Gregor Ebbers - “Green Hydrogen in Steelmaking – Operational Implementation Challenges”

    WS Wärmeprozesstechnik’s Managing Director Dr Joachim Wünning -“Heating of Thermoprocessing Plants with Hydrogen or Hydrogen-Natural Gas Mixtures”

    The Swiss Steel Group is tone of the world's leading suppliers of individual solutions in the area of special steel long products. In both tool steel and stainless long steel, the Group is one of the leading manufacturers in the global market and one of the biggest companies in Europe for alloyed and high-alloyed engineering steel.
  3. forum rang 10 voda 12 december 2022 06:59
    RePowerEU & Innovation Fund must stop EU De-Industrialization

    Strategic Research Institute
    Published on :
    12 Dec, 2022, 5:42 am

    Energy intensive industries in a joint letter to the EU Presidency said that they fully support the statement published by the federation of European businesses on 6 December 2022 in light of the negotiations between the EU institutions on the financing of the RePowerEU, on which they envisage to reach agreement next week. They wrote “Our industries support RePowerEU as it will help providing the energy carriers and infrastructures the EU needs for achieving its climate objectives and energy resilience. However, even more urgently than ever before the EU must also secure investment in the technologies to decarbonise energy intensive sectors in order to stop the EU’s de-industrialisation.”

    They wrote “While most of the financial resources required for the implementation of REPowerEU were budgeted under the Recovery and Resilience Facility, the Commission proposed to increase the RRF financial envelope with EUR 20 billion in grants from the sale of EU Emission Trading System allowances currently held in the Market Stability Reserve. The European Parliament amended the Commission proposal to collect the EUR 20 billion from frontloading of future EU ETS allowances, while the Council proposed to collect 75% of such amount from the Innovation Fund and the remaining 25% from the frontloading.”

    They wrote “We are worried that the Council proposal will be in harsh contradiction with an industrial policy making the green transition a business case for our companies. The Council’s proposal would divert around 170 million allowances (at current carbon prices) out of the 405 million allowances of the Innovation Fund. Also worrying is the Council position on the ETS revision to reduce the Innovation Fund by further 50 million allowances. Already the first call of the Innovation Fund in 2021 could not even provide 5% of the financing of all projects that had applied.

    They also wrote “In such international context, it is essential that EU strengthens its industrial policy with more attractive, predictable and robust incentives for industrial investment. The Innovation Fund represents one of the core EU-wide instruments for supporting the roll out and uptake of low carbon projects. Reducing severely the size of the Innovation Fund is exactly the opposite of what Europe needs in these times. Instead, co-legislators should return to the original Commission proposal of financing Repower EU from the Market Stability Reserve, which can be used for this purpose without compromising the agreed climate ambition level or undermining the investment framework. We urge you to take our request into consideration in the final negotiations and support the business case for our industries to invest in Europe.”
  4. forum rang 10 voda 12 december 2022 07:00
    US Extends AD Duty & CVD on Steel Flange from India, Italy & Spain

    Strategic Research Institute
    Published on :
    12 Dec, 2022, 5:43 am

    As a result of the determinations by the US Department of Commerce and the US International Trade Commission that revocation of the antidumping duty orders on finished carbon steel flanges from India, Italy, and Spain and countervailing duty order on flanges from India would likely lead to continuation or recurrence of dumping, net countervailable subsidies, and material injury to an industry in the United States, US DOC has published a notice of continuation of these AD and CVD orders applicable from 30 November 2022. US DOC has ordered the continuation of the Orders. U.S. Customs and Border Protection will continue to collect AD and CVD cash deposits at the rates in effect at the time of entry for all imports of subject merchandise.

    On June 14, 2017, Commerce published in the Federal Register the AD order on flanges from Spain, and on August 24, 2017, Commerce published in the Federal Register the AD orders on flanges from India and Italy and the CVD order on flanges from India. On May 2, 2022, the ITC instituted and Commerce initiated, the first sunset review of the Orders. As a result of its reviews, Commerce determined that revocation of the Orders would likely lead to the continuation or recurrence of dumping and countervailable subsidies, and therefore, notified the ITC of the magnitude of the margins of dumping and net countervailable subsidy rates likely to prevail should the Orders be revoked. On November 21, 2022, the ITC published its determination that revocation of the Orders would likely lead to continuation or recurrence of material injury

    The scope of the Orders covers finished carbon steel flanges. Finished carbon steel flanges differ from unfinished carbon steel flanges (also known as carbon steel flange forgings) in that they have undergone further processing after forging, including, but not limited to, beveling, bore threading, center or step boring, face machining, taper boring, machining ends or surfaces, drilling bolt holes, and/or de-burring or shot blasting. Any one of these post-forging processes suffices to render the forging into a finished carbon steel flange for purposes of the Orders. However, mere heat treatment of a carbon steel flange forging (without any other further processing after forging) does not render the forging into a finished carbon steel flange for purposes of the Orders.
  5. forum rang 10 voda 12 december 2022 07:01
    US’s Steel Shipments in October Down 12% YoY

    Strategic Research Institute
    Published on :
    12 Dec, 2022, 5:43 am

    The American Iron and Steel Institute has reported that for the month of October 2022, US steel mills shipped 7.210 million net tons, a 12.2% YoY decrease from the 8.215 million net tons shipped in October 2021. Shipments were up 1.0% MoM

    Shipments year-to-date in 2022 are 75.675 million net tons, down 4.2% YoY vs 2021 shipments of 78.954 million net tons for ten months. A comparison of shipments year-to-date in 2022 to the first ten months of 2021 shows the following changes: corrosion resistant sheet and strip, down 8%, hot rolled sheet down 8% and cold rolled sheet down 14%.
  6. forum rang 10 voda 12 december 2022 07:01
    Germany’s Alliance 90/The Greens Demand Quotas for Green Steel

    Strategic Research Institute
    Published on :
    12 Dec, 2022, 5:44 am

    Germany’s Alliance 90/The Greens said that Europe must become the leading market for green technologies. Bündnis 90/Die Grünen Chairwoman of the parliamentary group Ms Katharina Dröge said “The industry must be supported in the transformation not only financially, but also by setting quotas to ensure the use of a certain proportion of green steel for production. This is prudent regulatory law in order to increase demand.”

    Omid Nouripour announced the founding of a business association of the Greens as an independent association for next spring, which would have a political advisory board chaired by the two federal chairmen. The association will intensify the constructive dialogue with the economy with regard to the transformation to climate neutrality.

    Alliance 90/The Greens, often simply referred to as the Greens, is a green political party in Germany. It was formed in 1993 as the merger of The Greens and Alliance 90. The Greens had itself merged with the East German Green Party after German reunification in 1990.

    Alliance 90/The Greens is a founding member of the European Green Party and the Greens–European Free Alliance group in the European Parliament. It is currently the largest party in the G/EFA group, with 21 MEPs. In the 2019 European election, Alliance 90/The Greens was the second largest party in Germany, winning 20.5% of votes cast. The party had 125,126 members in December 2021, making it the fourth largest party in Germany by membership.
  7. forum rang 10 voda 12 december 2022 07:03
    EEW Holding to Sell Global Pipe Stake to Saudi Steel Pipe

    Strategic Research Institute
    Published on :
    12 Dec, 2022, 5:45 am

    The Saudi Steel Pipes Company intends to acquire an additional 35% ownership stake in Al-Alamiah Pipes Company. Saudi Steel Pipe has received from Global Pipe Company, in which SSP owns a 35% stake, a notice issued by EEW Holding GMBH on the sale of EEW’s 35% interest in GPC. Upon satisfaction of customary closing conditions, including the General Authority for Competition’s approval and receipt of requisite bank consents, SSP will acquire an additional interest of 35% of GPC for up to USD 9.9 million

    SSP will assume the corresponding portion of EEW’s guarantees with respect to GPC’s financial debt. Upon the deal closure, SSP will begin consolidating GPC’s assets and results of operations.

    Global Pipe Company is a Saudi German joint venture Limited Liability Company with a total investment of SAR 660 Million. Global Pipe Company features are an extensive regional coverage, a diversified product range, a highly qualified work force and a strong partnership between Erndtebruecker Eisenwerk of Germany, Saudi Steel Pipe, Mr Ahmed Al Khonaini and Pan Gulf Holding . Global Pipe Company ids recognized as the leader in producing Longitudinal Submerged Arc Welded pipes for the oil, gas, petrochemical, power generating and civil engineering industries and markets. It is equipped with the most advanced technology, systems and modern manufacturing facilities and will have an annual production capacity of 200,000 metric tons.
  8. forum rang 10 voda 12 december 2022 07:04
    Steel Mains Bags Large Dia Pipe Contract for in Western Australia

    Strategic Research Institute
    Published on :
    12 Dec, 2022, 5:45 am

    Water Minister Mr Dave Kelly announced that extra-large steel water pipes will be produced in Western Australia for the first time, under a new AUD 58 million Water Corporation contract. The contract with Steel Mains will see 1,600mm diameter water pipes manufactured in Kwinana rather than at their plant in Victoria, eliminating previous supply chain risks and significant freight costs, while also eliminating the emissions that would be created by transporting the pipe across the country.

    The first locally produced extra-large pipe will roll off the production floor in 2024 and be used during construction of the new Alkimos Seawater Desalination Plant to convey water from the plant into the network.

    Using 1,600mm diameter pipes at ASDP will reduce the amount of energy needed to pump water, lowering greenhouse gas emissions by 21% compared to the use of smaller pipes.

    Steel Mains traces its history back more than 140 years in WA and its forerunner supplied the steel pipe used in the construction of the Golden Pipeline from Mundaring Weir to the Goldfields. The Australian-owned firm has operated in Kwinana since the 1960s and already supplies Water Corporation with high quality, locally manufactured steel pipe in smaller sizes. The extended contract will allow the company to invest in tooling upgrades to its Kwinana factory, helping secure around 70 direct jobs.

    The pipe will be produced using Australian steel with iron ore from the Pilbara and lined with cement from Cockburn Cement in Kwinana. Each 12 metre-long section of the 1,600mm pipe weighs around nine tonnes and has an expected lifespan of around 120 years.
  9. forum rang 10 voda 12 december 2022 07:05
    Hyundai Steel to Develop Anti-Flood Doors for Manufacturing Plants

    Strategic Research Institute
    Published on :
    12 Dec, 2022, 5:45 am

    Korea Herald reported that South Korean Hyundai Steel on has forged a new alliance to develop anti-flood measures that will protect its manufacturing facilities. Representatives from Hyundai Steel, Hyundai Engineering, Haejeon Industry and the Korean Society of Steel Construction signed a memorandum of understanding at a ceremony held in Hyundai Steel's steel mill in Dangjin in South Chungcheong Province.

    Under the partnership, the companies will develop and install anti-flood doors at its facilities in Pohang, including steel mills which suffered major damage from Typhoon Hinnamnor this year.

    Hyundai Steel will oversee the overall development process. Haejeon Industry will design and produce the anti-flood door, and the Korean Society of Steel Construction will examine the efficiency of the anti-flood measure. Hyundai Engineering will then install the door at Hyundai Steel’s facilities.
  10. forum rang 10 voda 12 december 2022 07:06
    Vallourec Bags Line-Pipe order from ExxonMobil Guyana

    Strategic Research Institute
    Published on :
    12 Dec, 2022, 5:46 am

    Global seamless pipe leader Vallourec has secured a third major order in the framework of the Long-Term Agreement igned last year with ExxonMobil Guyana. Under the contract, Vallourec will deliver line-pipe for ExxonMobil Guyana’s deep-water Uaru project. The Uaru project is located in the Stabroek Block, a 26,800 square meters strategic basin located off Guyana’s continental shelf, where several important discoveries have been made since 2015.

    The Group will deliver 35,000 tonnes of line-pipe, including 2,000 tonnes of X80, an innovative and unique material developed and qualified by Vallourec’s R&D teams. The X80 combines high strength with resistance to service conditions, making it a key enabler for future deeper-water developments.

    Following the Yellowtail and Gas-to-Energy orders, signed under the same LTA, the Uaru order further strengthens Vallourec’s strategic supplier relationship with ExxonMobil Guyana, underpinned by a significant backlog of line-pipe orders of approximately 90,000 metric tonnes or 520 km of line pipe booked since December 2021.

    Vallourec will serve ExxonMobil Guyana from its state-of-the-art Jeceaba (Minas Gerais) factory which combines large production capacities and premium capabilities.
  11. forum rang 10 voda 12 december 2022 07:07
    Hoa Phat Dung Quat Steel Develops Wire Rod for Bead Wire

    Strategic Research Institute
    Published on :
    12 Dec, 2022, 5:46 am

    Vietnam’s Hoa Phat Dung Quat Steel’s technical engineers have successfully built the procedure for producing wire rods for making bead wire with steel grades SWRH82A and SWRH72A. Significantly, the Company received orders for over 3000 tonne per month right after releasing the new product.

    Since SWRH82A and SWRH72A grades for bead wire is a high-carbon steel product, the procedure of producing and developing is extremely complicated. The steel thread for tire bead has a very small diameter of 0.2÷0.78mm. Therefore, any defect from the steel wire rod can lead to destruction of the final product during processing. Therefore, the cleanliness of steel is crucial.

    High-quality steel wire rods with the above special grades have extended Hoa Phat Steel's diversified product chain, contributing to replacing imported goods, and meeting the needs of domestic and foreign markets.
  12. forum rang 10 voda 12 december 2022 07:07
    BTTC Seeks to Reduce Tariff Protection on Billet Imports

    Strategic Research Institute
    Published on :
    12 Dec, 2022, 5:47 am

    The Daily Star reported that the Bangladesh Trade & Tariff Commission has said high tariff protection on imports of billet is affecting rebar users. BTTC said “The quantity of imported MS products is very low in the domestic market because of excessive protective tariffs. Besides, high protection reduces efficiency of producers and leads to an increase in production cost, which ultimately harms users.”

    The BTTC also said importers have to pay 44% of customs duty to import billet apart from paying TKD 500 as advance income tax. In addition, importers have to pay a total import duty of 89.32% to bring in finished products.

    The BTTC included these observations in a report recently submitted to the commerce ministry. A panel of the commission prepared the report in line with a decision of the commerce ministry to examine the reasons for volatility in the prices of essential commodities, including MS products.

    The report said Bangladesh has 400 small and large steel mills with a total annual production capacity of 9 million tonnes against a requirement of 7 million tonnes.

    The report factored in the increased cost of the US dollar for depreciation of Bangladesh's currency but added that the cost of the greenback for imports has reduced now. However, the fall in prices of scrap and cost of US dollars has not been reflected in the domestic market. The BTTC suggested the government adjust prices of MS products by monitoring international prices. It also recommended that millers inform the government before revising the prices of MS products and marketing them locally.
  13. forum rang 10 voda 12 december 2022 07:08
    Hong Kong Welcomes WTO Rulings on Section 232 Steel Tariffs

    Strategic Research Institute
    Published on :
    12 Dec, 2022, 5:47 am

    The Hong Kong Special Administrative Region Government has welcomed the rulings by the panels established under the World Trade Organization's Dispute Settlement Body that the United States imposition of global tariffs on steel and aluminium imports is inconsistent with WTO rules. HKSAR spokesman said, "We welcome the rulings made by the panels of the WTO DSB. As a staunch supporter of the rules-based multilateral trading system, we strongly urge the US to fulfill its obligations as a WTO Member and withdraw the erroneous measures earliest possible. The panels' rulings clearly show that the US has abused the concept of national security with the sole aim to politicize economic and trade issues.”

    The spokesman said “The HKSAR Government will continue to monitor the developments closely and follow up. We will maintain our communication with the industry through various channels, review the situation, consider and take corresponding policies and actions to safeguard Hong Kong's trade interests and rights.”

    Since 23 March 2018, the US, allegedly for national security reasons, has imposed tariffs of 25% and 10% on steel and aluminium imports respectively on a global scale, including Hong Kong, and only certain economies are excluded.
  14. forum rang 10 voda 12 december 2022 07:08
    SAIL BSP’s SMS-2 Records Highest Daily Production on 10 December

    Strategic Research Institute
    Published on :
    12 Dec, 2022, 5:48 am

    Steel Authority of India Limited’s Bhilai Steel Plant’s Steel Melting Shop 2, with planned shutdown in SMS 3, achieved historic milestone of making 100 heats in a day on 10 November 2022, surpassing previous best of 96 heats achieved more than 11 years back in January 2011. For first time, 5 casters in SMS 2 were operated concurrently in A shift

    Meticulous planning, flawless execution and synchronous team-work by SMS-II collective of A Shift helped in achieving ever highest Shift production figure of 38 heats in A Shift.

    In yet another achievement, the high speed Caster 6 made record of 36 heats in a single sequence, surpassing previous best of 35 heats achieved on 6 December 2022.
  15. forum rang 10 voda 12 december 2022 07:09
    US Rejects WTO verdict Section 232 Steel Tariffs

    Strategic Research Institute
    Published on :
    12 Dec, 2022, 5:48 am

    US administration has condemned the World Trade Organization's verdict on the US tariffs imposed on national security grounds on steel imports from China and other countries. US Trade Representative Ms Katherine Tai spokesman Mr Adam Hodge said “The United States strongly rejects the flawed interpretation and conclusions in the WTO Panel reports released. The United States has held the clear and unequivocal position, for over 70 years, that issues of national security cannot be reviewed in WTO dispute settlement. WTO had no authority to second-guess a WTO member's ability to respond to security threats.”

    “The United States strongly rejects the flawed interpretation and conclusions in the World Trade Organization (WTO) Panel reports released today regarding challenges to the United States’ Section 232 measures on steel and aluminum brought by China and others. The United States has held the clear and unequivocal position, for over 70 years, that issues of national security cannot be reviewed in WTO dispute settlement and the WTO has no authority to second-guess the ability of a WTO Member to respond to a wide-range of threats to its security.

    He added “The Biden Administration is committed to preserving U.S. national security by ensuring the long-term viability of our steel and aluminum industries, and we do not intend to remove the Section 232 duties as a result of these disputes.”

    American Iron & Steel Institute President & CEO Mr Kevin Dempsey said “A WTO dispute panel has once again gone beyond its mandate. Each member of the WTO has the right to determine what action it considers necessary to protect its own national security and today’s panel ruling disregards this central feature of the WTO system. The tariffs and quotas on steel were instituted by the president following a determination by the Secretary of Commerce that high levels of steel imports and continuing global excess capacity in steel threatened to impair US national security as defined in section 232 of the Trade Expansion Act of 1962. The WTO has no authority to second guess the US government on matters of our national security. This decision highlights once again why significant and systemic reform of the WTO dispute settlement system is essential to ensure that all WTO members’ rights are fully protected.

    Mr Dempsey added “The Section 232 program on steel has worked to reduce the repeated surges in imports that threatened the health of the American steel industry. It also has incentivized new capital spending by US steelmakers, with investments of more than $22 billion in new, expanded or restarted production since March 2018. Unfortunately, the global steel overcapacity crisis continues to plague steelmakers worldwide, with excess capacity estimated to exceed 562 million metric tons in 2022, more than six times total steel production in the United States. And many countries continue to increase their steel capacity. For example, cross-border investments into Southeast Asia, including many incentivized through China’s Belt and Road Initiative, will add over 90 million metric tons of new, export-oriented steelmaking capacity in that region alone over the next few years. Given these facts, we believe the Section 232 measures on steel remain critically important for U.S. national security. AISI strongly urges the Biden administration to maintain the Section 232 program in steel and disregard this erroneous decision.”

    Since 23 March 2018, the US, allegedly for national security reasons, has imposed tariffs of 25% and 10% on steel and aluminium imports respectively on a global scale and only certain economies are excluded.
  16. forum rang 10 voda 12 december 2022 07:18
    Spanish rebar prices rise, scrap market awaits correction
    753 Views

    Spanish rebar prices started to recover last week, Kallanish notes. Since the beginning of December, 16mm material increased by almost €20/tonne ($21.1/t). Prices are yet however to return to November levels.

    “Demand is constrained, with most suppliers and distribution centres suffering from reduced construction activity in the country,” a market participant observes. “The housing sector is going through a crisis, which should also have an impact next year.”

    Some long steel traders in Spain anticipate a new increase in rebar prices in the coming days, despite mills maintaining unchanged scrap purchasing prices.

    “Following November’s higher demand, new contracts at higher prices are jeopardising the continuity of large [construction] works and housebuilding. Current levels practically checkmate the sector until January,” one source comments. “Energy has become costlier once again and is set to go still higher ahead of Christmas. The steel market is trying to recover, but expectations are not high enough in the short term for domestic demand.”

    Rebar is currently sold domestically in Spain at €430/t ($453.59) base. Including €262/t size extras and €28/t loading expenses, transaction values are at €720/t ex-works.

    On the other hand, Spanish scrap prices have remained unchanged for almost a month. The general expectation is that levels will go up progressively from the coming week. “We are collecting less material due to general lower production activity, but also as a result of ArcelorMittal's reduced presence in the Spanish market,” one trader explains. The steelmaker’s absence from scrap purchasing could be mainly explained by its plan to improve scrap self-sufficiency through the acquisition of collecting companies across Europe, he adds.

    According to another trader, activity slowed down last week due to the national holiday in Spain, but the market is expected to react soon after seeing how prices have risen in the international market. “New higher Turkish purchasing prices should support strong domestic levels through most of December,” a source estimates.

    New arisings grade E8 scrap is now offered in Spain at €400/t delivered. Demolition-quality grade E3 stands at €345/t, while E40 is priced at €360/t, both delivered. E1 quality is at €295-300/t on the same basis.

    Todor Kirkov Bulgaria
  17. forum rang 10 voda 13 december 2022 08:16
    US Steel Production Capacity Utilization Stays at 73% in W49

    Strategic Research Institute
    Published on :
    13 Dec, 2022, 5:43 am

    American Iron & Steel Institute reported that in the week ending on 10 December 2022, US’s domestic raw steel production was 1.635 million net tons while the capability utilization rate was 73.3%. Production was 1.768 million net tons in the week ending 10 December 2021 while the capability utilization then was 80.1%. The current week production represents a 7.5% decrease from the same period in the previous year. Production for the week ending 10 December 2022 is up 0.3% from the previous week ending 3 December 2022 when production was 1.630 million net tons and the rate of capability utilization was 73.1%

    Southern: 703 KNT

    Great Lakes: 545 KNT

    Midwest: 191 KNT

    North East: 126 KNT

    Western: 70 KNT

    Adjusted year-to-date production through 10 December 2022 was 84.364 million net tons, at a capability utilization rate of 78.2%. That is down 5.5% from the 89.273 million net tons during the same period last year, when the capability utilization rate was 81.2%.

    Broken down by districts, here’s production for the week ending December 10, 2022 in thousands of net tons: for a total of 1635.
  18. forum rang 10 voda 13 december 2022 08:16
    LIBERTY Steel USA Completes New Debt Raise

    Strategic Research Institute
    Published on :
    13 Dec, 2022, 5:43 am

    LIBERTY Steel USA has successfully raised a USD 40 million term loan with Eclipse Business Capital to refinance its existing term loan before its maturity in January 2023.

    In addition to the new term loan, LIBERTY Steel USA increased its existing ABL with Eclipse Business Capital from USD 125 million to USD 150 million, providing additional liquidity to the business so it can build on strong performance through 2022, including the successful restart of the Georgetown rod mill.

    The refinancing and additional liquidity will enable the business to reinvest in its plants and continue its productivity drive aiming to set world-class standards in its operations. LIBERTY Steel USA Executive Vice President Mr Axel Ampolini said “The successful refinancing of our term loan and the enhancement of our ABL with Eclipse Business Capital off the back of strong results this year shows the growing confidence in the future of our business and concludes our current financing needs.”

    For H1FY22 (Jan’22-Jun’22) the business recorded a revenue increase of 18% compared to H1 FY21 (Jan’21-Jun’21), while EBITDA increased by 97% for the same period. LIBERTY Steel USA is on course for its most profitable year as it continues to serve its customers with differentiated products, including from its iconic Red Brand range of wire fencing products.
  19. forum rang 10 voda 13 december 2022 08:17
    Shipbreaking Markets Testing the Water

    Strategic Research Institute
    Published on :
    13 Dec, 2022, 5:44 am

    World’s leading buyer of old ships for recycling GMS said “After the last few weeks of insufferable performances from the major recycling markets, a shade of positivity was observed this week, as owners seem more confident in testing the waters and welcoming firm offers, especially those that are above USD 500/LDT. On the back of this seemingly positive note, one or two market sales of note even materialized this week and it does seem as though prices have bottomed out and sentiments have flat lined after losing a rather rattling USD 200/LDT, seen from the peaks witnessed earlier this year.”

    GMS said “Bangladesh continues to struggle with LC financing limits, but the IMF loan is reportedly in the works of being approved and with most yards currently lying empty, we expect demand and consequently prices to come back, especially once some liquidity is injected back into the domestic market. Pakistan remains utterly tentative on new purchases, so significant have the falls been so far this year on both the currency and steel prices. On the West End, Turkey remains buoyant at its terrible lows, with marginal (at best) improvements in fundamentals being the only news emanating from this market anymore.”

    GMS added “As such, the market of the moment continues to be India and despite a few of HKC units also working, nearly all Cash Buyer ‘as is’ sales are being presently finalized with an Alang resale in mind.”

    GMS concluded “It still remains a mystery whether it may be a slightly busier end to the year than many had been anticipating, especially with further sales likely to take place to a more settled and confident Indian sub-continent recycling market. Once the currency situation starts to stabilize in Pakistan and funds start to become more readily available in Bangladesh, then we really could see prices push on.”

    GMS demo rankings – India/Pakistan/Bangladesh – Week49 unchanged

    Dry Bulk – USD 500-520 per LDT

    Tankers – USD 510-530 per LDT

    Containers - USD 520-540 per LDT
  20. forum rang 10 voda 13 december 2022 08:18
    Mr Bernhard Osburg of Thyssenkrupp is New President of WV Stahl

    Strategic Research Institute
    Published on :
    13 Dec, 2022, 5:44 am

    German steel association WV Stahl has elected thyssenkrupp Steel Europe CEO Mr Bernhard Osburg as the new President of WV Stahl. MrOsburg will serve as president on a voluntary basis for 2023 and 2024.

    He succeeds Mr Hans Jürgen Kerkhoff, who will retire at the end of the year after 14 years at the helm of the association as President and Managing Director.

    With the election and the change, WV Stahl separates the functions of honorary and main office.

    The German Steel Federation (Wirtschaftsvereinigung Stahl) represents the political interests of the steel producing companies in Germany – and their approximately 85,000 employees – in dealings with politicians, business and the public.
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