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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
23,490   -0,240   (-1,01%) Dagrange 23,410 - 23,710 1.350.246   Gem. (3M) 2,3M

Nieuws en info hier plaatsen (deel 4)

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35.173 Posts
Pagina: «« 1 ... 634 635 636 637 638 ... 1759 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 22 juni 2017 16:56
    Chinese invested Kiluwa Steel Group plant inaugurated in Tanzania

    Xinhua reported that Tanzanian President Mr John Magufuli on Wednesday launched the Chinese-invested steel factory Kiluwa Steel Group, located in the eastern district of Kibaha. Speaking at its official launch, President Mr Magufuli commended the Chinese investors for choosing Tanzania as their investment destination in the east African region, calling other foreign investors to follow suit.

    He described the new Chinese investment as important as it is part and parcel of the government-driven industrialization agenda. Mr Magufuli said: "This is an important project for Tanzania as it produces quality iron bars that meet the international standard as they are used in any bridge across the globe."

    He discouraged the tendency of importing raw materials from other countries when in Tanzania there is a big deposit of iron ore in Mchuchuma area of the southern part of the country.

    He said "I am aware of the challenge with our iron ore, as it is mixed with titanium and vanadium so the iron is combined with the two elements. These two elements have value than iron ore, I urge Tanzanian experts to find ways of separating the elements so that we get pure iron ore which is fit for iron bar production. This will also reduce the cost of importing to our investors.”

    The Kiluwa Steel Group located in Mlandizi area of Kibaha District in Coast Region has the capacity of producing 300,000 tonnes iron bars per year in the first phase. In the second phase, the plant will produce an average of 1200,000 tonnes of iron bars per year.

    The factory is linked with 3.5-km railway line from Tanzania Railway Ltd, at an advantageous point for the transport of raw materials and final products to the market

    Source : Xinhua
  2. forum rang 10 voda 22 juni 2017 16:59
    State officials authorized Essar Steel to start project in Nashwauk

    Kdal610.com reported that top state officials have authorized the D-N-R to sign a contract with Chippewa Capital Partners, which a bankruptcy judge authorized to re start the stalled Essar Steel project in Nashwauk.

    D-N-R Commissioner Tom Landwehr said that they’ve done substantial financial review of Virginia investor Tom Clarke and other business interests. Landwehr said that Clark is “putting a lot of money on the line, so our expectation is that this is an individual who’s expanding into new areas of business, he has financial standing to be successful, and we’re gonna work as hard as we can to make him successful.”

    Landwehr stresses that if Chippewa does not secure needed financing for the project by August 31st, mineral leases will revert to the state. Governor Mark Dayton says there will also be partial compensation for Iron Range contractors that Essar didn’t pay for their work on the project.

    Source : Kdal610.com
    Bijlage:
  3. forum rang 10 voda 22 juni 2017 17:01
    India will be Number 2 steel producer surpassing Japan – Ms Aruna Sharma

    First Post reported that at a time when the steel sector is grappling with not just low levels of demand, but also tough competition from its eastern neighbours like China, Japan and South Korea, steel secretary Ms Aruna Sharma says there is good news right around the corner. Sharma, who has been steel secretary for less than a year, is positive about one of the core sectors in the country which has a direct relation with industrial performance. She says in an interview to Firstpost that the government is waiting for quarterly steel production numbers to make the big announcement that India has surpassed Japan to become the number 2 steel producer in the world.

    Edited excerpts from the conversation:

    Q - Even though the cabinet last month cleared a policy to treble steel production by 2030, there isn't an equivalent increase in demand. Do you think it makes business sense to increase production at a time when demand is low?

    A - We are consuming only 60 kg per capita, and any developing nation that wants to become a developed nation cannot afford to do that. Somehow, in the infrastructure sector, there have been alternate materials with low life-cycle cost. So now, we are focusing completely on enhancing the domestic demand. We had a GFR (general financial rules) amendment where the calculation of life cycle cost is now mandatory. We have also made it mandatory for all levels of government - Centre, states and its agencies to procure steel that has been Made in India.

    Having said that, we had a five percent growth rate last year in domestic consumption, not very high but reasonably good. Our target is to reach 150 tonnes by 2022, from the current 85 million tonnes. When we reach 150 million tonnes, our consumption has to be 140 million tonnes. That gap has to be covered, but there is a big market. If you look at all bridges, crash barriers, buildings that are more steel intensive -- all of this will make a lot of difference as there is a huge gap that we have to cover. Across the globe they have gone for steel structures, as it is recyclable, zero maintenance and you get back the cost. That culture has to come to this country and that's where our focus is. We are educating the structural engineers and contractors so that demand will increase.

    Q - PM Modi has given a call to 'go to the top' in terms of steel production in the country, and that means surpassing China. Do you think that's possible in the near future? And how?

    A - China is the largest producer of steel, nearly 800 million tonnes and we are targeting to plateau at 300 million tonnes. We will then be number two. We are already number three. In fact, if you compare the figures of March, April, and May, we have surpassed Japan. We are just waiting to declare ourselves number two once we get the quarterly results or half-yearly results. But there will be a huge gap between number one and number two. There is no point in targeting 700 million tonnes. We will plateau at 300 million tonnes and definitely not less than that. The entire steel [industry] is saying that India is the bright spot. Most of the countries have plateaued but we will be on the growth trajectory. With 7 percent growth rate, steel demand is bound to go up. It has to go up. With this preferential procurement, we expect [to get] FDIs (foreign direct investments). Everyone will invest to make steel in India and there is no looking back. We will definitely achieve that.

    Q - But dumping from China is also a concern.

    A - We did some very focused targeted intervention. One was anti-dumping, which is completely WTO (World Trade Organisation) -compliant. We are not against imports. Imports are welcome, but dumping is not. That’s where we draw a line. We are focusing on bringing down the import costs. Productivity has to improve considerably, to which the industry has responded well. We are also enhancing domestic production. That will be the formula for success.

    Q - A slew of measures like imposition of MIP (minimum import price), anti-dumping duty and safeguard duty have been imposed on cheap steel imports, but how long do you think we can continue with them especially since some countries like Japan have taken up the issue at the WTO?

    A - Japan doesn't have a case in that because what we import from Japan is at a cost much above our benchmark rate of anti-dumping. MIP, which was a temporary measure, is zero now. Anti-dumping is WTO-compliant and the minimum rate which we have fixed and the quality of automobile steel which we are getting from Japan is much above that. So, they don't have to worry much. Now that we have extended anti-dumping for five years in 124 items, they are comfortable. We will encourage that more [so that] automobile steel gets manufactured in the country. Our tariff barriers are legal and correct as per international norms.

    Q - Have we drafted a response to Japan's complaint? Have we submitted it at the WTO?

    A - They (Japan) are aware about it. They have also seen the final order of the DG (director general) on anti-dumping on that and are comfortable with it. The case will continue. The arguments will continue, but there is no case for us to lose. A formal reply has been submitted at the WTO and it has recommended bilateral discussions. This is a quasi-judicial proceeding done through the DG.

  4. forum rang 10 voda 22 juni 2017 17:02
    Part 2:

    Q - How important a role does branding play in case of enhanced usage of Made in India steel? What is the plan to lure the private consumer industry to use steel that is domestically produced?

    A - We have gone for BIS (Bureau of Indian Standards) for 33 highest items in any ministry. In India, 57 percent of steel comes from the secondary sector, 24 percent from the private sector, and 19 percent from public sector undertakings (PSUs). There is no compromise in terms of quality. We are giving them a level playing field but they will have to work hard to enhance their profitability by reducing their production costs. This is what will make a difference.

    Steel will be available in the country [for them to use]. In the automobile sector, already JSW Steel and Tata Steel have ventured into joint ventures with two Japanese companies and are making it and selling it, too. POSCO has established a plant. SAIL is planning to enter with Arcelor Mittal and they will produce automobile steel. The kind of steel required for buildings is 99.9 percent domestic steel and hardly anything needs to be imported. The industry is now manufacturing ready-to-use and tailor-made steel, which is used for housing and is now coming into the market. Custom-made designing for bridges is also coming into the market. The way a structural engineer will design, that’s how the steel industry will manufacture. This is how it will move forward. Time has come for us to switch over as it [steel] is also environment-friendly and replaces timber. It is non-corrosive, no maintenance. The life cycle of steel is from 100-200 years.

    Q - What is being done to boost research efforts in the steel sector? Are incentives being given to private players to help put in more money for Research and Development (R&D)?

    A - To continue to be leaders in [the] steel [industry], we can't just continue to be leaders in making steel. We have to come up with research and development [to develop] better products. For this, we are constituting an organisation called SRTMI - Steel Research and Technology Mission of India. The steel industry will contribute [towards] it and will be governed by it. We have chairs in three Indian Institutes of Technology who will also support this. We have already [achieved] success [in one of them]. Indigenous research helped us bring down the phosphorous content in secondary steel. This ensured sturdier steel. But we have lost the game in the last two decades where we don't have the technology for automobile steel, electric steel. So, our first step will be to have JVs (joint ventures) or FDIs (foreign direct investments), which we are doing. But we have to come up with better technology for the future and better parameters.

    Q - The sector has some of the biggest NPAs (non-performing assets). How are the talks with the banking system coming along? What are some of the solutions being discussed?

    A - This was a badly stressed sector and it was a problem we were grappling with at the beginning of last year. So we had a meeting with the Indian Banker's Association and the first thing we did was to revive the sector with measures like anti-dumping, production costs and power costs.

    Once the sector started reviving and showing an upward trend, we had a meeting with the banker's association. The banking association also realised that this is a sector that can pay back. The finance minister chaired a meeting and a formula was worked out between the banks and the (steel) companies. To give it a more formal shape, the new ordinance of the Reserve Bank of India (RBI) came out. With this ordinance, bankers are fully equipped and the steel sector will be the first to get advantage of this ordinance.

    Bankers now have confidence and have started getting their money back. The Equated Monthly Instalments (EMIs) are being paid from the last one year. So, the confidence of bankers has gone up. To walk [a] few steps, [we have to] handhold them and reshape their loans. We are expecting final results any time now. Once this is done, there is a requirement of 40,000 crore per annum investment in the sector. With the trajectory going up, this kind of investment is not a big amount.

    Q - What will the ordinance do to help the steel sector?

    A - It is an ordinance for bankers, not the steel sector. And it is the bankers’ decision to reshape the loan. We are just creating an environment so that [the] sector and investment is protected. There is a need to have a strong forensic audit -- so that the money is not diverted elsewhere, right kind of money [is invested] and there is no excess lending. Then the sector will thrive.

    Q - How long will the turnaround of the sector take?

    A - It should not take long. The bankers’ money has to be safe and they [steel industry] have started repaying their current EMIs. Industry by industry, owner by owner, they [banks)] have come up with a formula.

    Q - We don’t have the technology for automobile steel or electric steel or even high-end steel. What are we doing to ensure that we aren’t left behind?

    A - SRTMI is a long-term measure but the immediate answer is joint ventures (JVs) and Foreign Direct Investment (FDIs). That is the only way to get high-end technology. Each of them [steel companies] has to evolve towards high-end technology because that is where the money is. That steel is sold at a premium. What we are envisaging is that an integrated steel plant, besides producing crude steel, should target to make high-end steel. And rest of the steel should be left to the secondary sector. That is how it should evolve.

    Q - And is the industry on board with this?

    A - Definitely on board because of the kind of investment they are making. A secondary steel plant has an investment of INR 2,500 crore per million tonne and integrated steel plant has an investment of INR 6,500 crore per million tonnes. At the end of the day, if both are going to make Bureau of Indian Standards (BIS) stamped Thermo-Mechanically Treated (TMT) bars, it doesn't make sense. They will have to evolve themselves to make high-end steel.

    Source : First Post
    Bijlage:
  5. forum rang 10 voda 22 juni 2017 17:03
    TATA Steel launches new lubrication treatment

    Just Auto reported that following close cooperation with a leading chemicals supplier, Tata Steel has launched Prime Lubrication Treatment a so called booster lubricant, consisting of a thin coating that is applied in the galvanising line prior to applying the conventional oil layer.

    The combination of PLT and oil is claimed to provide a superior lubrication system that improves processing of hot dip galvanised GI steels for exposed automotive panels. It induces a lower and more stable friction during pressing and is particularly suitable to support manufacturing of panels such as fenders, doors and body sides to a high surface quality. The new lubricant extends Tata Steel's Serica and Full Finish premium offering for outer panels.

    The unique formulation of PLT developed in conjunction with Netherlands based Coil Coating Technologies part of the AD International group offers an improved press performance of GI steels when compared to those treated with standard conventional oil. It enables manufacturers to move away from electro galvanised steels towards the more cost-effective GI-coating. When compared to the common process, PLT enables a smoother pressing operation with reduced maintenance costs and therefore a higher production yield and has been designed not to disturb subsequent manufacturing processes like resistance spot welding (RSW) and adhesive bonding.

    Consisting of a very thin, organic layer, PLT induces a lower friction coefficient that stays more stable over subsequent press cycles in comparison to GI material treated with only a standard oil. PLT is completely removed in the cleaning bath towards the end of the process, leaving no residue behind. It is a harmless, environmentally friendly substance, and it is entirely sustainable. It will initially be available for products from 0.6mm to 1mm thick and from 900mm to 1,830mm wide, with plans in place to extend the width to 2,020mm.

    Mr Basjan Berkhout marketing manager body in white at Tata Steel said that "One of the main values of using PLT is its induced friction coefficient which is consistently low to reduce tool wear and pollution to acceptable low levels for efficient manufacturing processes. This brings the long-cherished wish of going to 100% hot dip galvanised material for the exposed car body panels a decisive step closer.”

    Source : Just Auto
  6. forum rang 10 voda 22 juni 2017 17:20
    BMZ to ship steel rebars to other destinations due to EU customs duties

    BelTA reported that Belarusian steel mill BMZ will redistribute shipments due to the European Union introducing customs duties on Belarusian reinforcement bars. The report quoted BMZ Director General Anatoly Savenok as saying that "A strategy has been developed to redistribute our shipments to other target markets. Russia is one of them since the eastern neighbor is gradually recovering."

    Polish manufacturers were the ones to initiate the European Union's antidumping investigation against imports from Belarus.

    Mr Anatoly Savenok said that "It is interesting that we didn't ship rebars to Poland in 2013-2014 because our prices didn't fit the profile. When we returned in 2015, the investigation began right away. The European association of steel manufacturers Eurofert pursued a noble goal on the surface making life easier for the local manufacturers. Yet German companies did not go to the Polish and Baltic markets because domestic prices in Germany are higher. As a result, Russian manufacturers entered those markets. Unfortunately, due to the investigation the decision was made last week to introduce customs duties on rebar import from Belarus.”

    The BMZ top executive said that a wave of antidumping investigations had rolled all over the world. 2015-2016 saw an increase in the number of various protectionist measures.

    BMZ director general stated that "The import of rolled steel from ten countries to the USA is being analyzed now, including import from Belarus although the BMZ share in this kind of products is under 2.4% of America's import. The figure is below the 3% safety threshold set by Americans. It is obvious that the main WTO principles are violated.”

    Source : Belta
    Bijlage:
  7. forum rang 10 voda 22 juni 2017 17:22
    Tesla urges India government to reduce import duty

    THE HANS INDIA reported that electric car major Tesla is currently in talks with the Indian Government to reduce the import duty while it sets up a production plant in India. Tesla had committed to arrive in India with the Model 3 by this summer, but has missed that deadline.

    However, in a reply to a tweet from a Twitter account holder, Tesla founder Mr Elon Musk tweeted that “In discussions with the government of India requesting temporary relief on import penalties/restrictions until a local factory is built”.

    The Government of India’s Central Board of Excise and Customs currently imposes a 60% customs duty on import of Completely Built Unit electric cars priced below USD 40,000 while the customs duty on Completely Knocked Down units is 10%.

    Meanwhile, if the price of the unit being imported is over USD 40,000, customs duty then leviable is 100%. If things were to go according to plans, Tesla will launch the Model 3 in India first.

    Source : THE HANS INDIA
    Bijlage:
  8. forum rang 10 voda 22 juni 2017 18:58
    Aperam rondt aandeleninkoopprogramma af

    Gepubliceerd op 22 jun 2017 om 18:27 | Views: 96

    Aperam 17:35
    40,41 +0,64 (+1,60%)

    LUXEMBURG (AFN) - Aperam is klaar met het aandeleninkoopprogramma dat bij de jaarcijfers in februari werd aangekondigd. Dat meldde de roestvrijstaalfabrikant donderdag.

    De afgelopen maarden is in totaal voor ruim 98,4 miljoen dollar aan stukken teruggekocht, waar bij aankondiging sprake was van een totale waarde van maximaal 100 miljoen dollar. De 2 miljoen eigen aandelen die Aperam hiermee verkreeg zijn nu ingetrokken. Daardoor bedraagt het totaal aan uitstaande aandelen vanaf nu een kleine 77,4 miljoen.
  9. forum rang 10 voda 23 juni 2017 14:45
    Beursblik: herstel staalmarkten blijft nog uit

    China blijft stempel drukken volgens ABN AMRO.

    (ABM FN-Dow Jones) Vanwege een overvloed aan aanbod laat een herstel in de staalsector op zich wachten. Dit bleek vrijdag uit een rapport van senior sector econoom Casper Burgering van ABN AMRO.

    De druk op de prijzen die nodig zijn om staal te maken, vooral ijzererts en cokeskolen, is volgens Burgering momenteel de grootste sinds de start van het jaar. In beide markten overtreft het aanbod ruimschoots de vraag, waardoor de prijzen onder druk staan. Dit is slecht nieuws voor staalbedrijf ArcelorMittal, dat tevens één van de grootste producenten van ijzererts is ter wereld.

    In China is er voldoende ijzererts om aan de binnenlandse vraag te voldoen. "En met het rustige zomerseizoen in aantocht, is het meest waarschijnlijke scenario dat de vraag naar ijzererts zwak zal blijven", zei Burgering.

    Ondanks de dalende prijzen voor de grondstoffen is de druk op de staalprijzen "aanzienlijk minder" volgens de bank, waardoor de marges voor staalfabrikanten zijn verbeterd.

    Nikkel

    De druk op de nikkelprijs is momenteel ook groot, volgens ABN AMRO met name vanwege het politieke klimaat in Indonesië en de Filipijnen. Beide landen hebben grote nikkelertsvoorraden. Nikkel is een essentiële grondstof voor de productie van roestvast staal en nikkelprijzen worden doorberekend in verkoopprijzen door fabrikanten zoals Aperam. Wanneer de nikkelprijs daalt, wachten klanten met het plaatsen van orders in de hoop op verdere dalingen.

    Langere termijn staalprijzen

    Voor de langere termijn voorziet Burgering een opwaartse prijstrend. Hierbij baseert de econoom zich op de balans tussen vraag en aanbod, al merkt hij op dat meerdere factoren een rol spelen zoals conjuncturele trends in de markten van China, Europa en Amerika en voorradenniveaus. Wat betreft de voorraden verwacht Burgering dat deze zullen afnemen en daarmee steun zullen bieden aan de prijsontwikkeling.

    Door: ABM Financial News.

    info@abmfn.nl

    Redactie: +31(0)20 26 28 999

    Copyright ABM Financial News. All rights reserved

    (END) Dow Jones Newswires
  10. forum rang 10 voda 23 juni 2017 15:10
    Lenders agree to refer Bhushan Steel, Essar Steel and Electrosteel Steels to NCLT - Report

    PTI reported that lenders led by SBI on Thursday decided to begin insolvency proceedings against Bhushan Steel Limited, Essar Steel and Electrosteel Steels by referring them to the NCLT for recovery under the Insolvency and Bankruptcy Code. The decision was taken at a marathon meeting chaired by the SBI. Officials from these three companies were also present at the meetings.

    The report quoted a banker as saying that “The meeting on these three companies was to finalize the application which banks will be filing to NCLT.”

    Lenders want all the bankers in the consortium to give their consent before registering the case with NCLT.

    These three borrowers are among the 12 accounts identified by RBI for immediate reference to National Company Law Tribunal. While Bhushan Steel is in default of INR 44,478 crore to banks, Essar Steel owes INR 37,284 crore and Electrosteel Steels INR 10,273.6 crore.

    Once a case is referred to NCLT, there is a 180-day time line to decide on a resolution plan though 90 days can be given in addition. If a plan is not decided, then the company will go into liquidation.

    Source : PTI
  11. forum rang 10 voda 23 juni 2017 15:19
    14 people make 500,000 tonnes of steel a year at Voestalpine mill in Austria

    Bloomberg reported that with the opening of Voestalpine AG’s new rolling mill, a two hour drive southwest of Vienna, will need just 14 employees to make 500,000 tonnes of robust steel wire a year vs as many as 1,000 in a mill with similar capacity built in the 1960s.

    Mr Wolfgang Eder, Voestalpine’s chief executive officer said that “We have to forget steel as a core employer. In the long run we will lose most of the classic blue collar workers, people doing the hot and dirty jobs in coking plants or around the blast furnaces. This will all be automated.”

    Voestalpine long ago decided it couldn’t compete on bulk steel with titans such as ArcelorMittal, Nippon Steel or Posco, let alone hundreds of low cost Chinese furnaces. Management instead went for high value niche products such as the wire made in Donawitz, which have kept Voestalpine profitable. But the shift has had a big effect on the number and kinds of jobs the company creates: An increasing share of workers are white collar technicians like the trio of controllers in Donawitz rather than the coal shovelers of yore.

    Over the past 20 years, the number of worker-hours needed to make a tonne of steel industry wide has fallen from 700 to 250, as new control processes and innovations such as casting steel closer to the shape of the finished product have improved productivity, according to the World Steel Association. From 2008 through 2015, Europe’s steel workforce shrank by almost 84,000 jobs about 20% to 320,000. Voestalpine’s Eder predicts employment in the sector could decline another 20 percent over the coming decade.

    Source : Bloomberg
    Bijlage:
  12. forum rang 10 voda 23 juni 2017 15:21
    Pakistan slaps 24pct anti-dumping duty on Chinese steel billets

    The News reported that Pakistan government on Thursday slapped a 24.04% anti-dumping duty on Chinese imports of billets after imposing such duties on galvanised coil and other steel imports from China early this year. State-run the National Tariff Commission said the commission after investigation has finally determined that continuous cast steel billets have been imported into Pakistan at dumped prices and the domestic industry suffered material injury on significant increase in volume of dumped imports.

    NTC said “Therefore, the commission, pursuant to the powers conferred upon it under section 50 of the Act has decided to impose definitive anti-dumping duty of 24.04% on CC billets imported from China for a period of five years effective from 22 June 2017,” NTC said.

    The commission initiated an anti-dumping investigation concerning dumping of CC billets, originating in and/or exported from China in 2015 after complaints from local steel producers Amreli Steels Limited, Agha Steel Industries Ltd and Abbas Steel Group Metals Ltd.

    Currently, regulatory/custom duties on CC billets stand at 15% and 11%, respectively. In January, NTC imposed definitive anti-dumping duties retroactively in the range of 13.17-19.04%on cold rolled coils/sheets importable from China and Ukraine for five years.

    Source : The News
  13. forum rang 10 voda 23 juni 2017 15:22
    JV plant in Vietnam to achieve full operating capacity by 2019 - CSC

    Taiwan Times reported that China Steel Corp joint-venture plant in Vietnam is expected to achieve full operating capacity of 7 million tonnes in 2019, paving the way for the company’s further expansion in Southeast Asia. The company owns a 25% stake in Formosa Ha Tinh Steel Corp which is a joint venture between CSC and Formosa Plastics Group and the largest foreign direct investment venture in the country.

    The first blast furnace at the plant began operating last month, CSC chairman Wong Chao-tung told reporters after an annual shareholders’ meeting in Kaohsiung. He said that “The construction of the second blast furnace is 80% complete and it is likely to be operational by the end of the year.”

    CSC said that its each blast furnace has an annual capacity of 3.5 million tonnes.

    Mr Wong said that as the investment in Formosa Ha Tinh Steel meets the required 40% local-content threshold, CSC’s products would be exempt from Vietnam’s trade tariffs.

    He said that the Vietnamese government ordinarily imposes tariffs of 15 to 33 percent on Taiwanese steel exporters.

    Mr Wong said that CSC also aims to take advantage of Vietnam’s zero-tariff agreements with other ASEAN nations.

    Source : Taipei Times
  14. forum rang 10 voda 23 juni 2017 15:24
    Ontario premier disappointed with Buy American agreement on steel

    CBC News quoted premier of Ontario as saying that she's disappointed that New York lawmakers have reached an agreement on legislation that would require state construction projects to use American iron and steel. Ms Kathleen Wynne said that Buy American deal announced by Governor Andrew Cuomo on Tuesday will impact Ontario businesses.

    Her government lobbied against more sweeping Buy American provisions that had been introduced as part of New York's budget this spring and Wynne credited Ontario's advocacy for defeating that proposal.

    She said that New York's new Buy American plan is narrower and less punitive than the original, which would have required all state entities to buy from American companies on new purchases worth more than USD 100,000.

    The new proposal would require state agencies to buy American-made iron and steel for projects like bridges, subways and new state buildings.

    Ms Wynne said that she will advocate for Ontario to receive an exemption from the policy before it comes into effect, which is set to occur next April.

    Source : CBC News
  15. forum rang 10 voda 23 juni 2017 15:24
    Turkey could import Chinese steel scrap soon - DP Trade

    Platts quoted Mr Mario Borsese, co-founder and managing partner at steel trader DP Trade as saying that Turkey could take delivery of its first cargo of Chinese steel scrap in the next few months. Mr Mario Borsese during a S&P Global Platts Steel Markets Europe conference in Barcelona said that Chinese traders were looking to move domestic material in strong supply after the induction furnace crackdown into large export markets, such as Turkey.

    While much has been made of Chinese scrap availability, exports remain very low, although up massively on this time last year.

    There have been teething problems given the embryonic nature of Chinese export flows, with buyers in Vietnam, for example, wanting different qualities to those being offered by traders.

    Asked where scrap prices may go in the next few months, Mr Jose Angel Rey, commercial director of steel producer Celsa Group, said they should decrease in the near future. He said that "If we compare scrap with iron ore, scrap should decrease, but it's clear it should have decreased already.”

    Source : Platts
  16. forum rang 10 voda 23 juni 2017 15:26
    Steel & Tube opens new Dunedin complex

    Stuff Co Nz reported that steelmaker Steel & Tube has opened a new NZD 9.45 million facility in Dunedin, consolidating several sites into one. The 8000 square meter warehousing, office and trade shop complex was opened by Dunedin MP Michael Woodhouse.

    The building marks another milestone in the company's multi-million dollar reinvestment program, including a megastore at Auckland's Savill Drive in 2015.

    Steel & Tube chief executive Mr Dave Taylor said it was further tangible evidence of Steel & Tube's growth within the booming infrastructure and manufacturing sectors, and plans were afoot to increase their Dunedin workforce.

    In Christchurch, Steel & Tube is also consolidating several businesses into two larger facilities, centralizing its distribution and processing hubs for Canterbury.

    The work is expected to be completed later this year and early 2018 respectively.

    Source : Stuff Co Nz
    Bijlage:
  17. forum rang 10 voda 23 juni 2017 15:26
    ThyssenKrupp plans more cost cuts in industrial solutions

    Reuters reported that Germany's ThyssenKrupp plans additional cost cuts in the hundreds of millions of euros at its troubled industrial solutions unit, whose activities cover submarine building, plant engineering and supply chain management.

    A spokesman said, confirming an earlier report in Germany's Manager Magazin, said "In addition to the measures already initiated, cost cuts are planned in a triple digit million euro range.”

    Source : Reuters
  18. forum rang 10 voda 23 juni 2017 15:34
    Atlas Iron shelves Corunna Downs iron ore mine project

    The Australian reported that Atlas Iron has shelved its AUD 53 million Corunna Downs iron ore mine development, with the project falling victim to the latest downturn in iron ore prices. The decision to stop the development, four months after it was approved, highlights the renewed pressure on the Atlas balance sheet following the 40% plus fall in iron ore prices since February. But the company said it would squeeze an extra two million tonnes a year of iron ore out of its Mount Webber mine, making up for the loss at least for the short term of the deferred output from Corunna Downs.

    Corunna Downs had shaped as the key project to extend Atlas’s current production rates into the longer term. Atlas completed mining at its Wodgina operation in April while its Abydos operation is scheduled to close at the end of October.

    As one of the most marginal iron ore producers in Australia, Atlas’s key operational decisions have often coincided with turning points in the iron ore market.

    Its decision to go ahead with the Corunna Downs development in February was just days before the rally in iron ore prices peaked, with the key iron ore price index having since dropped more than 40%. Conversely, its April 2015 decision to halt mining at its Pilbara operations ended up marking the end of iron ore’s hefty slide that year, with iron ore subsequently stabilizing and then rising.

    Atlas managing director Mr Cliff Lawrenson said work at Corunna Downs would resume once iron ore prices recovered. He said that “Corunna Downs remains an important project for the company to sustain its production base and we will proceed with its development when market conditions improve.”

    Source : The Australian
    Bijlage:
  19. forum rang 10 voda 23 juni 2017 15:35
    Karnataka invites bids for 9 ‘C’ category iron ore mines

    Express News Service reported that while Karnataka’s department of Mines and Geology has issued an invitation for bids to grant nine ‘C’ category iron ore mining leases through e-auctioning, there are still doubts about the amount of profit state government is going to make in the e-auctioning. It is said the government may or may not make the expected profit. The reason is that the five of the nine mining leases included this time were not auctioned last time.

    As per the direction of the Supreme Court, which in its final order in April 2013 directed the state government to cancel 51 C-category mining leases for rampant illegal mining and re-allot the leases to end users in a transparent manner, the department has, for the second time, issued the invitation for bids to auction the ‘C’ category mining leases. Last time, the state government identified 14 ‘C’ category mining leases for e-auctioning. But there were no bidders for five mining leases. Hence, this time, nine mining leases, including the five leases not e-auctioned last time, have been identified for e-auctioning.

    The ‘C’ category mining leases are classified based on the extent of illegalities committed by the lessees in Ballari, Chitradurga and Tumakuru districts.

    The total area of the nine mines is 308.75 hectares.

    Last time, of the seven mines that were e-auctioned, five had been auctioned at high rates. The remaining have not been identified for e-auctioning this time. The department is also curious about the amount of profit it is going to make through the e-auctioning of the mines. Only end users engaged in production of sponge iron, pig iron, steel and pellets are eligible to take part in the e-auction. A consortium of end users cannot take part in the e-auctioning, the department sources said.

    Source : Express News Service
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  20. forum rang 10 voda 26 juni 2017 16:25
    Tender issued for sale of Slovakia Steel Mills assets

    The bankruptcy trustee has launched an international tender with the intention to sell the machinery, buildings and other assets of Slovakia Steel Mills, a joint stock company, the first and only steel mini-mill located in Slovakia.

    The SSM facility is located in Eastern Slovakia, a region with an imbedded chemical and steel-industry culture supported by a developed road and rail infrastructure and a skilled workforce.

    The total investment in SSM was more than EUR 220 million. Production commenced in 2011 with approximately 400 employees. However, the company, with annual revenues of EUR 170 million, was forced to file for bankruptcy in 2015.

    SSM was designed as a ‘top notch’ mini-mill with the most modern technology and a yearly production capacity of 600,000 tonnes (steel billets/long steel products). The key supplier of the technology was Germany’s SMS Group, one of the ‘steel-world’s’ most significant and renowned players. All of the steel-making and steel-rolling equipment was mothballed when the insolvency process begun.

    “Considering the unique and one-of-a-kind nature of this investment opportunity, we expect to have the name of the investor and owner of this ultra-modern mini-mill by the end of the year. We are all looking forward to restarting production and hiring.” Miroslav Duracinsky

    For more information please see ssm.ssr.sk.
    Source : ssm.ssr.sk
    Bijlage:
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