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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
23,990   +0,080   (+0,33%) Dagrange 23,540 - 24,160 1.720.391   Gem. (3M) 2,3M

Nieuws en info hier plaatsen (deel 4)

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35.173 Posts
Pagina: «« 1 ... 1648 1649 1650 1651 1652 ... 1759 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 15 december 2022 06:57
    BaoSteel & Baotou Steel to Set Up Baosteel Industry Technology JV

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

    Chinese state owned steel giant Baoshan Iron & Steel is partnering with Inner Mongolia Baotou Steel to set up a CNY 6.19 billion (USD 890 million) joint venture

    BaoSteel will hold 74.9% of the steel and iron smelting business, tentatively named Baosteel Industry Technology, through wholly-owned subsidiary Yantai Lubao Steel Pipe. Baotou Steel will own the remaining 25.09%.
  2. forum rang 10 voda 15 december 2022 06:57
    Nippon Steel Kyushu Obtains FSSC22000 Certification for Tin Plates

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

    Japanese steel giant Nippon Steel has obtained FSSC22000 certification for its food container steel sheets for the first time in Japan. Kyushu Works of Nippon Steel has become Japan’s first steel manufacturing organization to receive FSSC22000, an international food safety standard certification, for its tinplate, TFS & can light etc, which are used for beverage and food cans.

    In recent years, with the increasing global concern about food safety, there has been a growing demand for strict hygiene management throughout the food industry chain, including packaging and containers. FSSC22000 is an international standard approved by the non-profit organization GFSI as a food safety certification scheme, which requires establishing a food safety management system for the purpose of providing safe food to consumers.

    Recognizing that these trends are accelerating worldwide and the need for objective evaluation is increasing, Nippon Steel has been working to improve manufacturing and product management levels as a part of the food chain and has successfully acquired the above certification. Nippon Steel aims to obtain this certification as soon as possible for our other manufacturing sites for container steel sheets going forward.
  3. forum rang 10 voda 15 december 2022 06:57
    Trade Body UK Steel Pleads for Energy Price Help

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

    The Mirror reported that Trade body UK Steel has called on British Government to extend support to the sector after electricity costs soared above GBP 1,500 per MWh this week, more than 30 times the historical average forcing some steelmaker to temporarily halted production. UK Steel’s Director-General Mr Gareth Stace said “Massive electricity price spikes this week have all but broken the Energy Bill Relief Scheme, which aims to shield industry from sustained, unsustainable price levels. Electricity prices are at 30 times their historical average this week, forcing some steel companies to cease production at key times during the day. This is simply not sustainable for the steel sector.”

    Mr Stace added “The steel sector is looking to the Government to announce that it will continue to cap electricity and gas prices for vulnerable sectors, such as steelmakers, when it publishes its review of the EBRS, expected before the end of the year. “

    He said that “The German government is planning a scheme for all of 2023, where it will guarantee wholesale electricity prices at EUR 130 per MWh, well below the UK’s cap of GBP 211 per MWh. The UK Government should match this to ensure our industry’s ability to compete.”

    He added “Without the continuation of the EBRS, our estimates show electricity prices being double those of German industry’s next year, leading to reduced production, shrinking market share and increased imports. Prolonged and frequent halts to production could become the norm, negatively impacting productivity, and leading to a decline in steel production in the UK.”

    He urged “The Government must extend the support scheme, otherwise the UK steel sector will be wholly exposed to ravages of volatile energy markets with predictably grim consequences.”
  4. forum rang 10 voda 15 december 2022 06:58
    Arjas Steel to Expand Tadipatri & Arjas Modern Plants

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

    PTI reported that India’s leading special steel maker Arjas Steel has announced INR 610 crore CAPEX to increase its annual production capacity to 550,000 tonnes, adding over 37.5% to its existing capacity across its Tadipatri Plant in Andhra Pradesh and Arjas Moder Steel Plant in Mandi Gobindgarh in Punjab. The expansion projects will be completed by 2025

    Tadipatri Plant – INR 350 Crore

    Mandi Gobindgarh – INR 100 Crore

    In Tadipatri, investments include a new Kocks sizing block from Germany which will help improve quality and throughput as well as a Garret coiler line to produce speciality steel in coil form. The unit will also add new stoves and more steel refining capacity to boost output.

    Existing Capacity

    Tadipatri Plant – 325,000 tonnes

    Mandi Gobindgarh – 100,000 tonnes

    Arjas supplies steel to energy, automotive, Railways, and defence units as well as exports.

    Arjas Steel, formerly Gerdau Steel India, is an integrated steel plant situated at Tadipatri in Andhra Pradesh in India. Gerdau Group sold the Indian operations to ADV Partners in a strategic decision to refocus on their core Latin America and North American markets. The company was renamed as Arjas Steel Private Limited.

    The manufacturing unit at Tadipatri was established in 2012 and transformed into a fully integrated special steel (alloy and micro-alloy) producer, with upstream and downstream facilities. The plant is spread over 846 acres with a capacity of 325,000 tonnes per annum of special steel. This is a fully integrated unit with sinter plant, coke oven, blast furnace, steel melt shop with full refining facilities, a modern rolling mill and a state-of-the-art finishing and inspection facilities. Facilities for Heat Treatment and Cold Finishing have also been installed to meet the meticulous precision requirements of the Industry.

    Arjas Steel offers products catering to a wide range of industries. Our focus is on the automotive, defense, railways and related industries. We have developed various Carbon, Alloy and Micro-alloy steels in profiles like Rounds, Round-cornered Squares, Hexagonal Bars and Flat Bars for critical applications in the Automotive, Energy and other sectors.
  5. forum rang 10 voda 15 december 2022 06:59
    EUROFER Warns EU Leaders for Upcoming Decisions

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

    In the coming days, EU leaders will make fundamental decisions for Europe's industrial future. European Steel Association EUROFER has warned that the future of European industry is at stake, threatened by an unresolved energy crisis, impacted by unilateral decarbonization costs and undermined by trading partners’ new regulatory frameworks to massively subsidize local investment with more predictable measures. Against the backdrop of the EU energy crisis and the US Inflation Reduction Act, the EU must urgently develop and implement an industrial policy mainstreaming industrial competitiveness in all policy fields and take decisive action to enable the green transition as well as to enhance the resilience of industry. This is a unique opportunity for the EU to remain a frontrunner in climate policy.”

    EUROFER Director General Mr Axel Eggert said “A strong industrial base should be a strategic priority for the EU. The US Inflation Reduction Act is a wake-up call. EU leaders urgently need to reconcile the European Green Deal with industrial competitiveness and resilience, starting with a transition-friendly ETS and a watertight CBAM, as well as enabling the ramp-up of green hydrogen.”

    Mr Eggert stressed “We urgently need a debate at EU level to assess the impact of the IRA on European industry, and formulate an adequate response to provide the necessary level playing field for companies to invest and continue creating value for our societies. All options should be considered, such as financial incentives and funding via joint borrowing, a new EU sovereignty fund, ambitious Carbon Contracts for Difference CCfDs at EU level, further relaxation of state aid to speed up access to resources, as well as additional legislation to spur green markets.”

    Mr Eggert concluded “The US has focused greatly on investment in clean technologies, from electric vehicles to wind mills, which have one thing in common: they are all part of the steel value chain. Green steel is at the centre of the new US industrial policy. We should do the same in the EU.”
  6. forum rang 10 voda 15 december 2022 07:25
    European Parliament reaches provisional agreement on CBAM
    370 Views

    The European Council and Parliament have reached a provisional agreement on the Carbon Border Adjustment Mechanism (CBAM).

    The agreement is only the first step for the implementation of the new system aimed at preventing or limiting imports of carbon-intensive products into Europe, as domestic producers continue their path to reduce carbon emissions.

    The provisional agreement stipulates that steel and iron products will be included in CBAM, Kallanish notes.

    It has been decided the system will be launched from October 2023, initially with reporting obligations only. The full implementation of CBAM will then occur in line with the phasing out of allocations of free ETS allowances, though a timeline for this is still being negotiated.

    Finally, the provisional agreement explains that further work still needs to be done to address issues related to exports.

    European steelmakers support the will of the European Commission to implement a system aimed at controlling carbon-leakage from imports, but have warned that an acceleration of the phasing-out of free ETS allocations could hurt the industry significantly.

    Emanuele Norsa Italy
  7. forum rang 10 voda 16 december 2022 07:14
    Bluestone Coke Plant in North Birmingham Fined USD 925,000

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

    Jefferson County Department of Health in Alabama has levied USD 925,000 fine against Bluestone Coke that has released hazardous emissions and pollutants on the surrounding majority-Black communities of Fairmont, Collegeville and Harriman Park in North Birmingham for years. Joined by the Southern Environmental Law Center and the Greater-Birmingham Alliance to Stop Pollution, Bluestone Coke agreed per the consent decree filed to pay a USD 925,000 penalty and submit to new monitoring requirements for potential reopening.

    Half of the funds received in the fine will go to the creation of green spaces, clearing blight from the area, and environmental projects for the benefit of the communities adjacent to Bluestone’s plant

    If the plant were to reopen, the county health department mandates that two monitors be installed on the fence line for five years in order to monitor levels of sulfur dioxide, a toxic gas harmful to the human repertory system. The plant is required to hire an outside auditor to monitor compliance and develop a Corrective Action Plan, among other measures, according to the consent agreement.

    Bluestone Coke owned by the family of West Virginia Governor Mr Jim Justice has been producing Foundry Coke for 100 years. The Bluestone Coke facility produces foundry coke using coal from the Bluestone owned coal mines located in West Virginia, Virginia and Kentucky. The Bluestone plant has remained cold-idle since October of 2021, meaning all production has ceased and the heat has been removed from the coke ovens, allowing for cancer-causing chemical fumes and other toxins to leak from the facility into the surrounding area.
  8. forum rang 10 voda 16 december 2022 07:15
    Steel Dynamics Lowers Earnings Guidance for Oct-Dec’22 Quarter

    Strategic Research Institute
    Published on :
    16 Dec, 2022, 6:14 am

    Fort Wayne Indiana headquartered US’s leading steelmaker Steel Dynamics in latest guidance has lowered October-December 2022 quarter earnings to USD 3.34-3.38 per diluted share as compared to USD 5.03 in July-September quarter, Steel Dynamics said “Fourth quarter 2022 profitability from the company's steel operations is expected to be significantly lower than sequential third quarter results, based on seasonally lower shipments and metal spread compression, particularly within the flat roll operations. Metal spread compression was amplified by higher raw material costs, as the flat roll operations work through higher than current market priced pig iron inventories ordered in early 2022 in reaction to the Ukraine and Russia supply chain disruptions. The company believes flat roll steel prices have bottomed and expects them to increase into 2023 as underlying steel demand and corresponding order activity remains intact from the automotive, non-residential construction, industrial, and energy sectors with some weakness in the residential sector.”

    SDI also said “As ferrous and nonferrous scrap prices have stabilized, fourth quarter 2022 earnings from the company's metals recycling operations are expected to moderately improve compared to sequential third quarter results, based on increased volume more than offsetting lower average price realization.”

    SDI added “Fourth quarter 2022 earnings from the company's steel fabrication operations are expected to be strong and remain steady with third quarter results, expanding metal spreads more than offsetting slightly lower seasonal volumes. The non-residential construction sector remains steady as evidenced by customer order activity supporting a continuing historically strong order backlog, which the company anticipates will continue through 2023.”

    Steel Dynamics is one of the largest domestic steel producers and metals recyclers in the United States, based on estimated annual steelmaking and metals recycling capability, with facilities located throughout the United States, and in Mexico. Steel Dynamics produces steel products, including hot roll, cold roll, and coated sheet steel, structural steel beams and shapes, rail, engineered special-bar-quality steel, cold finished steel, merchant bar products, specialty steel sections and steel joists and deck. In addition, the company produces liquid pig iron and processes and sells ferrous and nonferrous scrap.
  9. forum rang 10 voda 16 december 2022 07:15
    Ms Andrea J Ayers Elected to US Steel Board of Directors

    Strategic Research Institute
    Published on :
    16 Dec, 2022, 6:15 am

    United States Steel announced that Ms Andrea J Ayers has been elected to the Company’s Board of Directors.

    Ms Ayers served as President and Chief Executive Officer of Convergys Corporation, now Concentrix Corporation, from November 2012 through October 2018, and a director of Convergys from October 2012 through October 2018. From 2008 through 2012, Ms Ayers served as President of Convergys Customer Management Group and from 2010 to 2012, she also served as Chief Operating Officer of Convergys Customer Management Group

    Ms Ayers has served on the board of Stanley Black & Decker since 2014 and as Chair of the Board since April 2022. She also served on the board of directors of Endurance International Group Holdings from 2019 until it was acquired in 2021.

    Ms Ayers received a bachelor’s degree in management and administration from Louisiana State University, Shreveport.
  10. forum rang 10 voda 16 december 2022 07:16
    US DOC Fixes Countervailable Subsidies on Steel Flanges from India

    Strategic Research Institute
    Published on :
    16 Dec, 2022, 6:15 am

    The US Department of Commerce has determined that countervailable subsidies are being provided to producers and exporters of finished carbon steel flanges from India during the period of review of 1 January 2020 to 31 December 2020.

    Norma (India) - 4.21%

    RN Gupta & Co – 3.61%

    Companies Not Selected for Individual Examination – 3.88%

    They are applicable from 15 December 2022.
  11. forum rang 10 voda 16 december 2022 07:24
    Ramkrishna Forgings to buy Stake in TSUYO

    Strategic Research Institute
    Published on :
    16 Dec, 2022, 6:16 am

    The Board of Directors of Kolkata based Ramkrishna Forgings has approved an investment to acquire up to 51% voting rights of powertrain solutions provider for electric vehicles TSUYO Manufacturing Private Limited. TSUYO currently manufactures powertrain solutions for electric vehicles. This proposed investment will help TSUYO to use the technological expertise and manufacturing skills of both organizations to enhance its product portfolio and expand its facilities for the manufacture of motors, controllers, E-axles, and differentials.

    TSUYO is a leading Mid-Drive BLDC, IPM and AC Induction based motor topologies as introduced with expertise in developing powertrain products for electric vehicles across application categories including on-road and off-road.

    Ramkrishna Forgings plans to invest around INR 100 Crores over the next 5 years, which is expected to generate a turnover of around INR 500 Crores by the end of the fifth year.

    Ramkrishna Forgings was incorporated in 1981 with the objective to manufacture forged products. The Annualized installed capacity after commissioning of Hollow Spindle Line, a new 7000 Ton Press Line, a 2000 Ton warm/hot Forming Press and a fabrication facility is 187,100 MT. Headquartered at Kolkata, the company has state-of-the-art manufacturing facilities at Jamshedpur along with offices at Detroit in USA, Toluca and Monterrey in Mexico, Istanbul in Turkey having warehousing facilities at Hagerstown, Louisville, Detroit in USA, Toluca, Monterrey in Mexico and Westerloo in Belgium.
  12. forum rang 10 voda 16 december 2022 07:25
    Schnitzer Steel Releases 2022 Sustainability Report

    Strategic Research Institute
    Published on :
    16 Dec, 2022, 6:17 am

    Portland Oregon headquartered US’s largest manufacturer and exporter of recycled metals Schnitzer Steel Industries has announced the release of the Company’s Fiscal 2022 Sustainability Report, Recycled Metals for a Low-Carbon Future. The report highlights the Company’s role in the transition to a low-carbon future by supplying recycled metals that are critical to the production of more sustainable products, including those associated with global decarbonization efforts.

    Schnitzer Steel Chairman & Chief Executive Officer Mr Tamara Lundgren said “In fiscal 2022, we advanced our Sustainability goals by supporting our employees and communities, implementing best-in-class environmental processes and infrastructure, expanding our operating platform, and introducing new net zero carbon emissions product offerings. In fiscal 2022, we advanced our Sustainability goals by supporting our employees and communities, implementing best-in-class environmental processes and infrastructure, expanding our operating platform, and introducing new net zero carbon emissions product offerings.”

    Selected Highlights from Schnitzer Steel’s 2022 Sustainability Report:

    PEOPLE HIGHLIGHTS

    90% of facilities free of any lost time injuries and the second-best safety performance in the Company’s history

    Increased participation in the Company’s retirement benefits program by 15%

    More than 50% female directors on the Company’s Board of Directors

    PLANET HIGHLIGHTS

    Achieved 100% net carbon-free electricity use across the Company’s operations for the second consecutive year

    Reduced Scope 1 and 2 greenhouse gas emissions from recycling operations by 24% against a 2019 baseline

    Deployed an ISO Certified Environmental Management System

    Launched GRN Steel, the Company’s line of net zero carbon emissions steel products

    PROFIT HIGHLIGHTS

    Achieved the second-best fiscal year earnings in the Company’s history

    Added 10 new operating locations through acquisitions in the southeastern US, including the Company’s first metals shredding operation in the region.
  13. forum rang 10 voda 16 december 2022 07:26
    Harsco Inks Extension Contact with Compañía Siderúrgica Huachipato

    Strategic Research Institute
    Published on :
    16 Dec, 2022, 6:17 am

    Global market leader providing environmental solutions for industrial and specialty by-products Harsco Corporation announced that its Harsco Environmental division has extended its contract with Chile's largest steelmaker Compañía Siderúrgica Huachipato. Harsco Environmental signed a 5-year renewal contract with estimated revenue of USD 28 million USD to provide services at the company's site in Chile.

    Through this renewal, Harsco Environmental will focus on maintaining operational excellence, integrating key performance indicators and reinforcing vital operational activities. The scope of work will remain the same as the previous contract between Harsco Environmental and CSH, with melt shop cleaning, wrecking, scrap chute loading, scrap handling, oxy cutting, scrap shearing, metallic recovery, and slag sales services.

    Harsco Environmental has serviced CSH, the only integrated steel company in Chile, at its Talcahuano mill for more than 40 years.

    Since 1950, Compañía Siderúrgica Huachipato is the largest steelmaking complex in Chile. They are the only integrated steelmaking company in the country, and they manufacture products from basic raw materials guaranteeing high purity and quality. Compañía Siderúrgica Huachipato supplies mining, the metal mechanic industry, and construction with long steel products. The steel mill currently produces 850,000 tonnes of long steel products every year.
  14. forum rang 10 voda 16 december 2022 07:26
    US Extends AD Duty on HRC Imports from Russia

    Strategic Research Institute
    Published on :
    16 Dec, 2022, 6:18 am

    As a result of the determinations by the Department of Commerce and the US International Trade Commission that revocation of the antidumping duty order on hot-rolled flat-rolled carbon-quality steel products from the Russia would likely lead to continuation or recurrence of dumping and material injury to an industry in the United States, US DOC is publishing a notice of continuation of this AD order applicable from 9 December 2022. As a result, US Customs and Border Protection will continue to collect AD cash deposits at the rates in effect at the time of entry’ for all imports of subject merchandise.

    On 19 July 1999, US DOC published the Suspension Agreement on hot-rolled steel from Russia. On 24 December 2014, US DOC terminated the Suspension Agreement and issued the Order on 1 September 2021. US DOC initiated and the ITC instituted the second five-year (sunset) review of the order. As a result of its review, US DOC determined that revocation of the Order on hot-rolled steel from Russia would likely lead to continuation or recurrence of dumping, and notified the ITC of the magnitude of the margins of dumping likely to prevail should the orders be revoked. On 2 December 2022, the ITC published its determination, that revocation of the Order would likely lead to continuation or recurrence of material injury to an industry in the United States within a reasonably foreseeable time

    For the purposes of this Order, “hot-rolled steel” means certain hot-rolled flat-rolled carbon-quality steel products of a rectangular shape, of a width of 0.5 inch or greater, neither clad, plated, nor coated with metal and whether or not painted, varnished, or coated with plastics or other non-metallic substances, in coils (whether or not in successively superimposed layers) regardless of thickness, and in straight lengths, of a thickness less than 4.75 mm and of a width measuring at least 10 times the thickness. Universal mill plate (i.e., flat-rolled products rolled on four faces or in a closed box pass, of a width exceeding 150 mm but not exceeding 1250 mm and of a thickness of not less than 4 mm, not in coils and without patterns in relief) of a thickness not less than 4.0 mm is not included within the scope of this Order. Specifically subject to the scope of this Order are vacuum degassed, fully stabilized (commonly referred to as interstitial-free (IF)) steels, high strength low alloy (HSLA) steels, and the substrate for motor lamination steels

    The covered merchandise is classified in the HTSUS at subheadings: 7208.10.15.00,7208.10.30.00, 7208.10.60.00, 7208.25.30.00, 7208.25.60.00, 7208.26.00.30, 7208.26.00.60, 7208.27.00.30, 7208.27.00.60, 7208.36.00.30, 7208.36.00.60, 7208.37.00.30, 7208.37.00.60, 7208.38.00.15,7208.38.00.30, 7208.38.00.90, 7208.39.00.15, 7208.39.00.30, 7208.39.00.90,7208.40.60.30, 7208.40.60.60, 7208.53.00.00,7208.54.00.00, 7208.90.00.00, 7210.70.30.00,
  15. forum rang 10 voda 16 december 2022 07:27
    Thyssenkrupp Launches Metals Trading Online Marketplace SteelBuy

    Strategic Research Institute
    Published on :
    16 Dec, 2022, 6:19 am

    Thyssenkrupp Materials Services new online marketplace SteelBuy has been launched in the UK with the aim of revolutionizing traditional trading in industrial metals. The end-to-end platform primarily targets excess inventory and stands out by anonymizing buyers and sellers, reducing the effort required to close deals, managing payments and logistics, and offering sellers 24/7 access to a global market. As a result, the platform addresses aspects that have previously presented barriers to trade.

    SteelBuy CEO Mr Terry Sargeant said “The need for sellers to keep their competitors in the dark about excess inventory, as well as the effort required to find buyers, are the root causes of problems in the market. These are exacerbated by traditional metal trading methods. The result is that it is difficult for buyers to find these inventories as well as for sellers to identify the appropriate buyers. SteelBuy solves this problem and brings the parties together.”

    The advanced technology behind SteelBuy provides seamless and efficient trading of metals by enabling mills, service centers, dealers and end users to buy as well as sell anonymously online anytime, from anywhere. The algorithms connect buyers and sellers quickly and directly. In addition, dashboards provide real-time sales and purchase data, enabling dynamic pricing by sellers.

    SteelBuy was originally developed to support steel service centers and stockholders in the sale of low-turnover stock. The platform has since evolved into an online marketplace that manages the entire transaction process from specification to credit check and payment to logistics in one step, anonymously, securely and in a matter of minutes.
  16. forum rang 10 voda 16 december 2022 07:28
    Nucor Lowers Earning Guidance for Oct-Dec’22 Quarter

    Strategic Research Institute
    Published on :
    16 Dec, 2022, 6:19 am

    Charlotte North Carolina headquartered US’s leading steelmaker Nucor Corporation expects October-December 2022 quarter earnings to be in the range of USD 4.25-4.35 per diluted share as compared to net earnings of USD 6.50 per diluted share in the third quarter of 2022 and USD 7.97 per diluted share in the fourth quarter of 2021. Full year earnings for 2022 remains on track to exceed the record of USD 23.16 per diluted share Nucor set in 2021.

    Nucor said “In the steel mills segment, we expect considerably lower earnings in the fourth quarter of 2022 as compared to the third quarter of 2022 due to lower average selling prices, margin compression and lower volumes, with the largest decrease in profitability expected at our sheet mills. Shipments for our bar mills are expected to be lower due to seasonal factors with customers reducing inventories as year-end approaches.”

    Nucor also said “The steel products segment is expected to have strong earnings in the fourth quarter of 2022, but we expect the segment's earnings to decline moderately from the third quarter of 2022 on lower volumes and selling prices. While we believe these trends are mainly seasonal effects, economic uncertainty and recession concerns could impact future demand.”

    It added “The raw materials segment is expected to have significantly decreased earnings in the fourth quarter of 2022 as compared to the third quarter of 2022 due to decreased profitability of our DRI facilities, both of which experienced planned outages during the fourth quarter, and decreased selling prices for raw materials.”

    Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. Products produced include: carbon and alloy steel in bars, beams, sheet and plate; hollow structural section tubing; electrical conduit; steel racking; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; precision castings; steel fasteners; metal building systems; insulated metal panels; overhead doors; steel grating; and wire and wire mesh. Nucor, through The David J. Joseph Company, also brokers ferrous and nonferrous metals, pig iron and hot briquetted iron / direct reduced iron; supplies ferro-alloys; and processes ferrous and nonferrous scrap. Nucor is North America's largest recycler.
  17. forum rang 10 voda 16 december 2022 07:29
    Ms Kerstin Maria Rippel to Become Managing Director of WV Stahl

    Strategic Research Institute
    Published on :
    16 Dec, 2022, 6:20 am

    German steel association WV Stahl announced that Ms Kerstin Maria Rippel, 50, who has many years of experience in the energy industry, will take over as Managing Director of WV Stahl in the first half of 2023. It said “This completes the new management team with Mr Bernhard Osburg as President and Dr Martin Theuringer as Managing Director.”

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

    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.
  18. forum rang 10 voda 16 december 2022 07:30
    Nucor to Expand its Towers & Structures Business

    Strategic Research Institute
    Published on :
    16 Dec, 2022, 6:21 am

    US’s leading steelmaker Nucor Corporation announced that it will build two new state-of-the-art tower production plants as it expands its recently established Nucor Towers & Structures business unit. Nucor is evaluating locations in the Midwest and the Southeast. Nucor Chair, President & Chief Executive Officer Mr Leon Topalian said “As our nation continues to replace its aging electric grid, extend transmission infrastructure to connect renewable generation locations and modernize its digital network, we see tremendous growth potential in the need to build this critical infrastructure using some of the cleanest, most sustainable steel in the world. The growth of Nucor Towers & Structures is further execution of our strategy."

    The two new Greenfield transmission tower production plants will be extensively automated and will include advanced hot-dip galvanizing operations. Each facility will utilize highly efficient straight-line production and will increase Nucor Towers & Structures' capabilities to provide engineered solutions for utility infrastructure and construction projects. The locations for these two new facilities will be determined in the next few months.

    Earlier this year, Nucor formed the Nucor Towers & Structures business unit when it acquired Summit Utility Structures, a producer of metal poles and steel structures for utility infrastructure in eastern Pennsylvania. While that location primarily serves customers in the northeastern part of the country, Nucor will establish a nationwide footprint with these two new facilities.

    The growing demand for utility infrastructure in US is being driven by grid hardening and replacements, renewable energy projects, and population growth. Additional demand for utility infrastructure will result from the Inflation Reduction Act, recently passed by Congress, which provides more than USD 300 billion for clean energy and climate programs.
  19. forum rang 10 voda 16 december 2022 07:30
    SSAB’s Ruukki Construction to Acquire Poimukate in Finland

    Strategic Research Institute
    Published on :
    16 Dec, 2022, 6:21 am

    Swedish steelmaker SSAB’s subsidiary Ruukki Construction has signed an agreement to acquire roof and wall profile manufacturer Poimukate. Poimukate, which manufactures roofing sheets, accessories and façade cladding products from steel, employs around 30 people and its sales in 2021 was approximately EUR 7 million. The acquisition supports Ruukki's complete roof solutions strategy and strengthens the company's services and products offered to customers across Finland.

    Poimukate, located in Joensuu, is one of Finland's oldest roof and wall profile manufacturers. The company, founded in 1958, manufactures steel roofing and roofing accessories as well as façade cladding. Poimukate will continue to operate under its own brand with the current management and staff.

    Ruukki Construction provides steel-based building products and services for walls and roofs for sustainable buildings. In Finland, we serve our customers regionally and have six Ruukki Express service centers across the country. In addition, we manufacture steel-based wall elements in Alajärvi and roofing products in Vimpeli. In Finland, Ruukki Construction employs about 370 people.
  20. forum rang 10 voda 16 december 2022 07:31
    United States Steel Provides Fourth Quarter 2022 Guidance

    Strategic Research Institute
    Published on :
    16 Dec, 2022, 6:22 am

    United States Steel announced that October-December quarter of adjusted EBITDA is expected to be approximately USD 375 million and adjusted net earnings per diluted share is expected to be in the range of USD 0.58-0.63. US Steel President & Chief Executive Officer Mr David B Burritt said “December commercial demand in the US is better and scrap prices have begun to increase this month. Flat-rolled customer inquiries are accelerating and spot steel selling prices are improving.”

    The Company continues to monitor its order book to ensure its footprint supports customers’ needs. Below is a summary of actions taken or recently announced.

    Blast Furnace 3 at Mon Valley Works: Blast furnace 3 remains temporarily idled. The Company pulled forward a planned outage on blast furnace 3 at Mon Valley Works from October to September. Blast furnace 3 has approximately 1.4 million net tons of annual raw steel equivalent capability.

    Blast Furnace 8 at Gary Works: Blast furnace 8 remains temporarily idled. The Company temporarily idled blast furnace 8 at Gary Works due to market conditions and continued high levels of imports. Blast furnace #8 has approximately 1.5 million net tons of annual raw steel equivalent capability.

    Tin Line 5 at Gary Works: Tin line 5 remains temporarily idled. The Company temporarily idled tin line 5 at Gary Works due to market conditions and elevated levels of tin product imports. Tin line #5 has approximately 140,000 net tons of annual capability.

    Blast Furnace 1 at U. S. Steel Kosice: Blast furnace 1 remains temporarily idled. The Company intends to restart production at blast furnace 1 in early January. The Company temporarily idled blast furnace 1 at USSK in early December due to soft market demand, high energy prices, and elevated imports. Blast furnace 1 has approximately 1.6 million net tons of annual raw steel equivalent capability.

    Blast Furnace 2 at USSK: Blast furnace #\2 remains temporarily idled. The Company pulled forward a planned outage on blast furnace 2 at USSK from October to September. Blast furnace 2 has approximately 1.7 million net tons of annual raw steel equivalent capability.

    Mr Burritt added “We are entering 2023 from a position of strength. Our commissioned pig iron facility at Gary Works will begin delivering cost-advantaged pig iron to Big River Steel in the first half of 2023 and is the latest example of meeting our commitment to deliver our Best for All initiatives on-time and on-budget.
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