DeBeurs.nl

voda 5 augustus 2019 16:38

0

LISCO Exports Steel Shipment To Lebanon

Libya’s Misrata-based state-owned Iron and Steel Company announced that it has exported 5,000 tonnes of reinforced steel of different sizes to Lebanon. It said that it was in the process of making other exports both to other Arab countries as well as to other countries.

It will be recalled that in March this year, LISCO had announced that it had made its first export shipments to Egypt and Algeria. The shipments were of 10,000 tonnes of rebar hot rolled steel. It said at the time that other potential exports were being negotiated with a number of other countries. Indeed, in July it had announced another export shipment to Algeria.

The Misrata-based company had said that it was able to resume exports after the Tripoli-based Ministry of Economy gave it clearance to resume exports due to a surplus of production.

It will be recalled that LISCO had increased its production capacity last year and has been cleared to export 150,000 tonnes by the Tripoli Ministry of Economy.

Source : Libya Herald

voda 5 augustus 2019 16:39

0

Tata Steel & JSW Steel Adopting Industry 4.0

Money Control reported that India's two biggest steelmakers JSW Steel and Tata Steel are currently undertaking a digital transformation that is changing the way they monitor blast furnace operations, or move raw materials like iron ore and coal from mines to manufacturing plants.

The company's unit in Kalinganagar was recently included in the list of World Economic Forum’s Global Lighthouse Network, a community of manufacturers known for applying Fourth Industrial Revolution technologies to drive financial and operational impact. The unit is the only manufacturing plant in India that is included in this network. Tata Steel is spending USD 100 million in its units in India in the next three to four years on this digital transformation. Mr TV Narendran Global CEO & Managing Director told Money Control that "We are working on making Tata Steel more digital-ready.”

JSW Steel is leaving no stone unturned in ushering in industry 4.0 intervention. In its Dolvi unit in Maharashtra, the company has deployed 'digital tools' to track the ongoing expansion program to ensure on-time completion within the budgeted cost. Chairman and Managing Director Mr Sajjan Jindal said that "We have created connected factories in procurement and large capital projects to track and manage various processes, which has improved transparency and lowered manual interventions. The company is using big data and analytics-driven real-time models to reduce power consumption and associated losses. In the past two years, we have implemented over 100 digital technology projects. The initiatives have till now saved JSW Steel INR 180 crore. The company now plans to save INR 300 crore this financial year, through the digital tools. Using analytics, robotics and hybrid cloud, we are aligning business processes.”

Source : Money Control

voda 5 augustus 2019 16:41

0

Ternium Announces Second Quarter and First Half 2019 Results

Ternium SA announced its results for the second quarter and first half period that ended June 30, 2019. Ternium’s operating income in the second quarter 2019 was USD 238.3 million, reflecting a sequential decrease in operating margin, partially offset by a gradual recovery of shipments in the Argentine flat steel market and an increase of slab sales to third parties. Operating income in the second quarter 2019 decreased USD 69.2 million sequentially, mainly due to a USD 27 decrease in steel revenue per tonnes, partially offset by a 128,000-tonnes increase in steel shipments. Revenue per tonnes decreased mainly reflecting lower steel prices in most of Ternium's steel markets. The increase in steel volume was mostly the result of a 66,000-tonnes increase in the Southern Region and a 57,000-tonnesen increase in Other Markets mainly reflecting higher slab shipments to third parties.

Compared to the second quarter 2018, the company’s operating income in the second quarter 2019 decreased USD 332.3 million, due mainly to an YoY USD 59 decrease in steel revenue per tonnes and USD 33 increase in the steel segment’s operating cost per tonnes. Revenue per tonnes decreased mainly as a result of lower steel prices in most markets. The increase in the steel segment's operating cost per tonnes mainly reflected higher raw material and transportation costs, higher taxes, and higher depreciation and amortization, partially offset by lower labor costs and maintenance expenses.

The company’s net income in the second quarter 2019 was USD 205.7 million. Compared to net income of USD 224.2 million in the first quarter 2019, net income in the second quarter 2019 decreased USD 18.4 million mainly due to lower operating income, partially offset by better financial results and lower effective tax rate. Relative to the prior-year-period, net income in the second quarter 2019 decreased USD 83.5 million mainly due to lower operating income, partially offset by better financial results and a lower effective tax rate.

zie pdf

Ternium’s operating income in the first half 2019 was USD 545.7 million, decreasing USD 471.0 million YoY, mainly due to a USD 71 increase in steel cost per tonne and lower shipments reflecting a 364,000-ton decrease in Mexico and a 299,000-ton decrease in the Southern Region, partially offset by a 356,000 tonne increase in Other Markets. The volume decrease in Mexico was mainly due to a soft commercial market in 2019 and a high base of comparison, as shipments in the first half 2018 were strong as a result of a rising steel prices environment. In the Southern Region, shipments were affected in the first half 2019 by a combination of weaker steel demand and a destocking process in the value chain. Shipments of slabs to third parties increased in the YoY comparison in the Other Markets region. The increase in the steel segment's operating cost per ton mainly reflected higher purchased slabs, raw material and energy costs, higher depreciation and amortization, higher maintenance and transportation expenses, and higher taxes.

The company’s net income in the first half 2019 was USD 429.9 million, compared to net income of USD 665.9 million in the first half 2018. The USD 236.0 million decrease YoY was mainly due to lower operating income, partially offset by better financial results and a lower effective tax rate.

Zie pdf

Outlook - Ternium expects EBITDA to decrease in the third quarter 2019 compared to the second quarter 2019 due to a steel margin that will be below historical long term trends and lower shipments. The main factor affecting the company’s EBITDA in the third quarter of the year will be sequentially lower shipments of slabs to third parties with low margins. The company anticipates steel shipments in Mexico to gradually recover during the second half 2019, reaching higher levels than those reported for the second half 2018. In addition, Ternium expects realized steel prices in Mexico to decrease, as the lagged reset of contract prices for industrial customers during the third quarter 2019 will reflect the steel price downturn during the second quarter 2019. This should be partially offset by the recent rebound of prices on sales to the commercial markets.

Source : Strategic Research Institute

Bijlage:

voda 5 augustus 2019 16:57

0

MCL’s coal production continues to remain paralysed in Odisha

Coal mining and despatch operations continued to remain paralysed at the Talcher Coalfields of Mahanadi Coalfields Limited for the 12th consecutive day on Sunday due to agitation by the locals following the Bharatpur Open Cast Project accident on July 23. The natives of villages of the deceased had first launched agitation with the BJP support. After BJP withdrew on Wednesday, the ruling BJD backed the stir. The agitating locals are demanding a safety inspection of the entire Talcher Coalfields along with a high-level probe into the incident and compensation of INR 3 crore each for kin of deceased and permanent job in MCL.

At least four were feared dead and nine were injured following a strata collapse at the Bharatpur mines on July 23 night.

MCL said “As on date, the company has incurred cumulative operational losses of up to 21.04 lakh tonne of coal, 24.20 lakh tonne of despatch and 20.54 lakh cubic metre of over burden removal while its coal value loss stands at INR 213.60 crore.”

The stoppage of Talcher mines by villagers has indirectly affected power generation loss to the tune of 3339.04 million units, as power producers are facing shortage of coal. NTPC’s Kaniha plant has closed four of its six units while the Talcher Thermal Power Plant is running at 50 per cent of plant load factor. Major power plants in southern India, namely APGENCO and APPDCL in Andhra Pradesh, TANGEDCO, Neyvelli Lignite Corporation and NTEL (a joint venture of NTPC and TNEB) in Tamil Nadu, and KPCL in Karnataka have reported depleting stocks of coal and are on the verge of closing their units

MCL, with 144 million tonne coal production in 2018-19, is the second-largest coal producing subsidiary of Coal India Limited, contributing 20 per cent to the total dry fuel produced in the country.

Source : Strategic Research Institute

voda 5 augustus 2019 19:11

0

SAIL Iron Ore Mines Achieve 15% Production Growth in July 2019

ET reported that the iron ore mines of Steel Authority of India Limited produced and dispatched 18.27 lakh tonne and 18.86 lakh tonne of iron ore in July 2019, posting a growth of 15.2% and 11.7% over same period last year. The mines, which come under SAIL'S Raw Materials Division, not only met the entire iron ore needs of SAIUs eastern sector steel plants but also supplemented the need of Bhilai Steel Plant to certain extent from time to time.

Individually RMD’s Bolani, Kiriburu and Meghahatuburu mines crossed the July production target. Bolani, Kalta and RMD Mines in total achieved their best-ever July performance in lump production and despatch since inception. This was driven by improved operational efficiency and availability of rakes.

Source : ET

voda 5 augustus 2019 19:18

0

Novelis Launches High Strength Automotive Aluminum Product

Novelis Inc announced the launch of Advanz™ 6HS-s650, a precisely engineered aluminum automotive body sheet product that exceeds industry standards for strength, lightweighting, formability, performance and structural integrity. It is the strongest 6xxx series product with a 15 to 25 percent in-service strength advantage over incumbent high strength aluminum alloys and exhibits excellent crash behavior and corrosion resistance.

Available globally as part of the Novelis Advanz™ product portfolio, 6HS-s650 demonstrates the company’s commitment to collaborating with customers to deliver a variety of strong, formable and lightweight aluminum products that are driving the future of the automotive industry. It is targeted for applications demanding high in-service strength, such as A and B pillars, floors, tunnels, rockers, side impact door beams, bumper beams, roof rail inserts, underbody frames and electric battery enclosures’ components.

For many applications, 6HS-s650 enables a reduction of process costs and complexity by eliminating post-form heat treatment while enabling up to 45 percent lighter weight than high strength steels. 6HS-s650 joins effectively with other automotive structural materials and provides longer-term flexibility in the supply chain due to superior shelf life characteristics.

Mr Pierre Labat, Vice President Automotive, Novelis Inc said that “Automakers demand the highest-strength solutions for substantial lightweighting, and s650 meets that requirement in a very efficient way. By providing a product that is stronger than existing aluminum alloys without sacrificing formability, automotive designers and engineers will have even more flexibility to lightweight the cars, trucks and SUVs of the future.”

Recently, Novelis has commercialized 6HS-s650 as part of its Alumineering™ electric vehicle battery enclosure solution and as a structural component for a major electric vehicle platform.

Source : Strategic Research Institute

voda 6 augustus 2019 08:29

0

Prijs ijzererts drukt op staalsector

Gepubliceerd op 6 aug 2019 om 07:48 | Views: 806

AMSTERDAM (AFN) - De aandelen van Europese mijnbouwers en staalconcerns staan dinsdag waarschijnlijk weer volop in de schijnwerpers. Dat denken marktvorsers, die wijzen op de prijs van ijzererts die een periode is ingegaan van dalende koersen, een zogeheten bear market.

De negatieve marktomstandigheden worden onder meer veroorzaakt door het handelsconflict tussen de economische grootmachten China en de Verenigde Staten, een verdere opbouw van de voorraden en signalen dat de vraag naar ijzererts zwakker wordt. In de eerste helft van het jaar was juist sprake van een stijgende ijzerertsprijs, aangejaagd door de verwachting dat de vraag zou toenemen.

Onder meer delvers van ijzererts weten de aandacht dus op zich gericht, zoals Rio Tinto, BHP Billiton, Anglo American en Ferrexpo. De staalmakers zoals ArcelorMittal, Voestalpine, Evraz en Tenaris staan ook in de schijnwerpers.

Het aandeel ArcelorMittal sloot maandag in Amsterdam op 12,76 euro en was de grootste daler in de hoofdindex met een min van ruim 4 procent.

voda 6 augustus 2019 16:12

0

Olympic Steel Announces EZ-Dumper Asset Acquisition

Leading metals service center in US Olympic Steel Inc announced that it has acquired certain assets related to the manufacturing of the EZ-Dumper® hydraulic dump inserts. Terms of the purchase were not disclosed. While the EZ-Dumper acquisition will not be material to Olympic Steel’s financial performance, the company does believe it will be incrementally positive to EBITDA. This represents Olympic Steel’s second branded metal products acquisition in the past seven months, following the McCullough Industries transaction in January 2019.

EZ-Dumper steel and stainless steel dump inserts for pickup truck and service truck beds are sold through a network of more than 100 dealers across the United States and Canada.

The EZ-Dumper brand, which was introduced to the market in 1972, is nationally recognized and its portfolio of insert products is known for quality and innovation. Built from heavy-gauge materials and backed by a structural steel frame, the dump inserts can hold and unload up to 6,000 pounds of material for construction, landscaping and home renovation applications. Made to bolt directly into most full-size pickup trucks, or custom-made for service and utility body vehicles, each insert lowers and dumps utilizing a 12-volt hydraulic pump that plugs directly into the truck battery.

EZ-Dumper will be included in Olympic Steel’s Carbon Flat Products segment, and its manufacturing assets and employees will be integrated into Olympic Steel’s facility in Chambersburg, Pennsylvania, which is near EZ-Dumper’s current manufacturing facility in Waynesboro, Pennsylvania.

Source : Strategic Research Institute

voda 6 augustus 2019 16:12

0

Gerdau inks Pact with Primetals Technologies for Digitalization Journey

During the trade fair METEC in Dusseldorf, the steel producer Gerdau and the full-line supplier of metallurgical plant solutions Primetals Technologies signed a strategic partnership for their digitalization journey. The main goal of this cooperation is the development and realization of a digitalization roadmap for Gerdau, who intends to be the pioneer in the implementation of digital innovation among all steel producers in the world. The focus of the cooperation lies on the execution of digitalization projects, joint development projects and the creation of new business models. The steering committee existing of both experts from Gerdau and Primetals Technologies will start working in July 2019.

Gerdau as a leading steel manufacturer has put digitalization on top of its agenda. Marcos Eduardo Faraco Wahrhaftig, Executive Director at Gerdau, defines the main target for this strategic partnership: “For more than 100 years Gerdau has been a pioneer in the manufacturing of steel products. Now we also want to become the pioneer in the implementation of digital innovation in steel industry. Therefore we have selected Primetals Technologies as the leading technology company in this sector.” Primetals Technologies will support Gerdau in the development and implementation of their digitalization roadmap and showcase the benefits of digitalization technologies. Kurt Herzog, Head of Industry 4.0 at Primetals Technologies, states: “We are looking forward supporting Gerdau to drive their digital transformation in order to commonly create new innovative digital services on the edge of industry 4.0.”

Source : Strategic Research Institute

voda 6 augustus 2019 16:13

0

USITC Makes Determinations in Sunset Reviews Concerning Hot-Rolled Carbon Steel Flat Products

The US International Trade Commission determined that revoking the existing antidumping duty orders on imports of hot-rolled carbon steel flat products from China, India, Indonesia, Taiwan, Thailand, and Ukraine and the existing countervailing duty order on imports of these products from Indonesia, Taiwan, and Thailand would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time. As a result of the Commission’s affirmative determinations, the existing antidumping duty orders on imports of these products from China, India, Indonesia, Taiwan, Thailand, and Ukraine and the existing countervailing duty order on imports of these products from Indonesia, Taiwan, and Thailand will remain in place.

Chairman David S Johanson and Commissioners Irving A Williamson, Rhonda K Schmidtlein, and Jason E Kearns voted in the affirmative. Commissioner Meredith M Broadbent did not participate in these reviews.

Today’s action comes under the five-year (sunset) review process required by the Uruguay Round Agreements Act.

Source : Strategic Research Institute

voda 6 augustus 2019 16:13

0

US Steel Names Bryan Lewis as Vice President and Chief Investment Officer

United States Steel Corporation President and Chief Executive Officer David B. Burritt announced the appointment of Bryan Lewis to Chief Investment Officer. He will report to Kevin P. Bradley, Executive Vice President and Chief Financial Officer and join the company’s executive management team. In this position, he will be responsible for the company’s global pension obligations for both defined contribution and defined benefit plans, as well as other related programs.

Of the new role, Burritt said, “Bryan’s strong public pension experience and investment background make him an excellent fit for this role. He brings sound judgement, sharp intelligence and the highest integrity to the job.”

Previously, Lewis managed a $30 billion pension fund for the Pennsylvania State Employees’ Retirement System (SERS) for the past three years. Prior to that, he served as the executive director of the $20 billion Illinois State Universities Retirement System.

Earlier in his career, Lewis spent six years in an investment management role with the North Carolina Department of State Treasurer, where he created the Emerging Manager Program for the state’s retirement system, identifying high-performing asset management companies owned by minorities and women.

Lewis earned a master’s degree in business administration from the University of Miami and holds a bachelor’s degree in economics from the University of Maryland at College Park.

Source : Strategic Research Institute

voda 6 augustus 2019 16:14

0

First Phase Of Delta Steel Mill to Start By October

Egypt's Minister of Public Business Sector Hesham Tawfik has announced that a new project that aims to improve the Delta Steel Mill Company would help it achieve approximately EGP 150 million in net profits instead of its current losses of EGP 50 million annually. Tawfik's statements came during his visit to the company Sunday to follow up on the implementation of the new project.

Head of Delta Steel Mill Company Mahmoud Al-Fiki revealed that the first phase of the project, which aims to increase the productive capacity of the company is to be complete in October. The project, according to Al-Fiki, is supposed to increase the productive capacity of billet crude by 12 times to reach 500,000 tonnes per year, in addition to increasing tokens production by 10 times, to reach 10,000 tonnes per year.

He added that the company has received the required equipment for the project from a Chinese manufacturer, adding that a pilot operation will be complete by September.

The second phase of the project will be fully implemented by June 2020, producing 250,000 tonnes of billet crude, according to a ministry statement.

Source : Ahram

voda 6 augustus 2019 16:14

0

GMS Market Commentary on Shipbreaking in Week 31 - THRIFTY THREE HUNDREDS!

Following significant declines in various fundamentals over the summer / monsoon months at each location, all subcontinent markets are now offering on units, in the mid-to-high USD 300s/LDT. Indian steel plate prices have been affected the worst, declining by at least USD 55/LDT over the month of July alone and coupled with seasonal elements & subsequently decreasing demand, this has seen levels plummet by about USD 60 - USD 70/LDT, leaving Alang as the lowest of the subcontinent locations. Indeed, it is proving increasingly difficult to solicit any firm numbers out of any market at present, with Eid holidays just around the corner in Pakistan & Bangladesh and Buyers reticent to quote any firm levels in India for the time-being. Amidst the chaos, Cash Buyers are left holding the bag with a number of high priced unsold units, which they may now look to hold onto for a short while, at least until the much expected pick-up in pricing from the fourth quarter of the year comes around.

The overall industry is certainly hoping that Bangladesh returns to the fore with some vigor after the Eid holidays, as this has been the go to market for decent sized tonnage through much of 2019. Yet, their return is largely dependent on the BSBA’s ability to overturn the 5% VAT increase, which has seen prices fall by about USD 30 – USD 35/LDT. Bangladeshi recyclers also need to clear out a lot of the existing inventory that is currently occupying local yards and has been extremely slow to shift due to the constant rains / flooding.

Pakistan has been creeping back with increasing enquiries emerging over the recent weeks. However, after over a year on the sidelines, it is becoming increasingly difficult to get Gadani Buyers to commit on fresh candidates at anywhere near sensible levels for the time being.

Finally, Turkey once again enters a state of stasis, with fundamentals unmoved and an overall shortage of tonnage resulting in virtually no activity into this market.

Source : Strategic Research Institute

voda 6 augustus 2019 16:15

0

Import Duties on Billets Weigh on Egyptian Steel Manufacturer

Amwalal Ghad reported that Egypt’s Ministry of Trade and Industry announced on April 15 temporary import fees of 15% on iron billets and 25% on steel rebar for 180 days, a move aimed to protect national industry against unfair competition. According to the decree, the Ministry of Finance would collect 25% customs duties on steel rebar in all its forms (bars, rods and coils) and 15% on semi-finished iron products such as billets. The ministry hopes this decision increases the growth rate of production and sales of the local industry and supports the Egyptian manufacturers as the proceeds of these fees will be placed in the account of the Export Development Fund of the Central Bank. This will help increase the activity of the Egyptian export sector and thus will provide more employment opportunities for young people.

However, the Supreme Administrative Court has suspended the imposed 15 percent import duty on steel billets. The court is now seeking expert opinion to ascertain the effects of the duty on local industry.

Source : Amwalal Ghad

voda 6 augustus 2019 16:16

0

USITC Makes Determination in Sunset Review Concerning Steel Wire Garment Hangers from China

US International Trade Commission determined that revoking the existing antidumping duty order on imports of steel wire garment hangers from China would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time. As a result of the Commission’s affirmative determination, the existing antidumping duty order on imports of this product from China will remain in place.

Chairman David S. Johanson and Commissioners Irving A. Williamson, Meredith M. Broadbent, Rhonda K. Schmidtlein, and Jason E. Kearns voted in the affirmative.

This action comes under the five-year (sunset) review process required by the Uruguay Round Agreements Act.

The five-year (sunset) review concerning Steel Wire Garment Hangers from China was instituted on February 1, 2019.

Source : Strategic Research Institute

voda 6 augustus 2019 16:18

0

TMK Announces Q2 & H1 2019 Operational Results

World’s leading producers of tubular products for the oil and gas industry TMK announced its operational results for the second quarter and first half of 2019. Mr Igor Korytko, CEO of TMK, said that “In 2Q 2019 total pipe shipments increased 6% compared to the previous quarter, mainly driven by robust shipments at the Russian division. 1H 2019 performance was restrained by continued softness in the North American market. However, we achieved strong growth in Russia, where shipments of OCTG, our core product segment, grew 9% YoY due to high demand from the domestic oil and gas companies. TMK remains focused on driving volumes of its expanding range of high-tech, high value-added products, including our unique premium connections. Through our market-leading R&D capabilities, we are continuing to develop innovative pipe solutions to support our major oil & gas clients on increasingly complex exploration and production projects. In June 2019, TMK and NOVATEK signed a strategic partnership and cooperation agreement for supplying TMK’s premium casing and tubing pipe until the end of 2023. We already supply tubular products with premium-threaded connections to many of NOVATEK’s projects and believe that this agreement will reinforce our partnership.”

Zie pdf voor cijfers

2Q 2019 vs. 1Q 2019
Total pipe shipments increased by 6% quarter-on-quarter, mainly due to higher sales of welded pipe shipments (up 17% quarter-on-quarter), driven by an increased shipments of large diameter pipe at the Russian division (up 54% quarter-on-quarter), as well as due to higher industrial pipe shipments due to the construction season in Russia. This fully compensated for a lower quarter-on-quarter pipe shipments at the American division due to a continued North American market slowdown, impacted by oil price volatility, a continued decrease in rig count and high pipe inventories.
OCTG shipments decreased by 3% quarter-on-quarter, mainly due to lower shipment volumes at the American division, while at the Russian division OCTG shipments remained stable, supported by OCTG consumption with a higher demand for high tech products.

1H 2019 vs. 1H 2018
Total pipe shipments declined by 3% YoY, to 1,989 thousand tonnes. This was due to lower shipments of both seamless and welded pipe (down 3% and 4% YoY, respectively), resulting mainly from a decrease in shipments at the American division due to a continued market slowdown in the North American market.
This was partially offset by increased total pipe shipments at the Russian division, driven by higher shipments of large diameter pipe (up 48% YoY) and OCTG pipe. OCTG shipments remained flat YoY at 948 thousand tonnes. OCTG shipments at the Russian division grew 9% YoY due to an increasing complexity of hydrocarbon production projects in Russia and a higher share of horizontal drilling. Total shipments of premium-threaded connections increased by 4% YoY, to 201 thousand tonnes, while shipments at the Russian division increased 17% YoY.

2019 Outlook - In Russia, TMK expects pipe consumption by domestic oil and gas companies to remain strong in 2019. The increased complexity of hydrocarbon production projects in Russia is expected to result in higher demand for high tech products. In North America, the market situation is most likely to remain challenging with oil and steel price volatility, a slowdown in drilling activity and operators focusing on capital discipline, resulting in lower pipe demand and pressure on selling prices. In Europe, TMK expects to see sustained demand for seamless industrial pipe in 2019 with the sales mix for the European Division comprising a higher share of high value-added products. In 2019, TMK expects to increase pipe shipments at the Russian and European divisions YoY, providing the basis for a strong financial performance throughout 2019.

Source : Strategic Research Institute

Bijlage:

voda 6 augustus 2019 16:19

0

SAIL Extends Deadline for Submission of EOIs for Sale of ASP, SSP & VISL

Financial Express reported that Steel Authority of India Limited has extended the deadline to August 20 for submission of expressions of interest from potential bidders for outright sale of its three loss-making units Alloy Steel Plant (ASP), Salem Steel Plant (SSP) and Visvesaraya Iron and Steel Plant (VISP). Sources said the extension had been granted, from August 1 earlier, due to investors’ apathy towards buying out those three units which had incurred a cumulative loss of INR 2,300 crore in the past five years.

SAIL had proposed to transfer these units to winning bidders, to be chosen through a competitive bidding process, on a going concern basis by way of slump sale through business transfer agreement.

SAIL had attempted outright sales of these units even in 2017, but that did not fructify for want of buyers.

ASP was commissioned in January 1965 as a unit under erstwhile Hindustan Steel. In 1978, HSL was dissolved and its assets were transferred to SAIL, resulting in ASP becoming one of the operating units of SAIL. Through multiple expansions, the capacity of the plant has been increased to 1.84 lakh tonne (saleable steel). ASP has a total of 758 employees. Of ASP’s total area of 1,154 acre under possession, 600 acre is proposed to be divested as part of the transaction.

VISP was founded in 1923 as a small pig iron unit. In 1989, SAIL purchased the shares and made the company its subsidiary. VISP pioneers production of high quality alloy and special steels. At present, VISP has an installed capacity of 2.2 lakh tonne of hot metal and 0.98 lakh tonne of saleable steel. VISP has 333 permanent employees and 1,661 acre under possession, of which 847 acre will be divested as part of the transaction. SAIL will keep the remaining land itself. Since January 2017, production had been stopped in the unit for want of orders.

SSP had in 2018-19 utilised 82% of its 2.87 lakh tonne per annum hot-rolled coil making capacity. The unit sells its products to railway coach factories, mints and public sector units like BHEL and NTPC. SSP has 941 employees. Of the total 3,973 acre in possession, 1,708 acre would be divested as part of the disinvestment plan. SAIL has appointed SBI Capital Markets as the transaction advisor.

Source : Financial Express

voda 6 augustus 2019 16:24

0

SAIL Bags SCOPE Corporate Communications Excellence Award

Steel Authority of India Limited has been awarded in two categories during the SCOPE Corporate Communications Excellence Awards-2019 for Crisis Communications and Internal Communications. The awards were given during the SCOPE Corporate Communications Awards 2019 organized at SCOPE Complex on 3rd August at New Delhi. Ms Sumita Dutta, Executive Director, Corporate Affairs Division, SAIL along with her team, received the awards on behalf of the company from Former Governor, Sikkim Dr BP Singh.

SAIL received the award in crisis management category for being a responsible, honest and transparent corporate which earned the trust of media, employees and people. SAIL’s proactive approach during crisis not only helped to maintain its brand image but also established its trustworthiness. The crisis management of SAIL was not only appreciated by media but is also taken as a case study by other public & private sector corporates.

The award in internal communications category was given to the Corporate for its innovative use of various media and for continually strengthening organizational bond with its employees, earning their trust and its efforts to promote employees as the Company’s brand ambassador.

Source : Strategic Research Institute

voda 6 augustus 2019 16:24

0

Severstal Will Increase Daily Heats on Converters up to 86

Severstal is upgrading measuring probes on converters in the steelmaking converter steelmaking shop of the Cherepovets Steel Mill. This initiative aims to increase the daily volume of heats from 82 to 86. Vadim Germanov GD of Severstal Russian Steel Division said “It is the investment program that is for us the main source of fulfilling long-term goals in the upstream direction. Moreover, it is important for us to implement these projects quickly without loss of quality. The introduction of new measuring probes, which will simultaneously evaluate the temperature of the steel in the converters during their purging, will increase the reliability of the units, reduce the cost overrun of ferroalloys on the carbon assortment and reduce the duration of the melting cycle by 30 seconds. This event meets the goals of one of the strategic priorities of the company Cost Leadership.”

New probe designs with higher performance, maintainability and reliability provide a guaranteed possibility of obtaining metal parameters regardless of the number of measurements in the purge process without turning the converter off. The supplier of the main technological equipment for measuring probes will be Danieli Corus VB (Netherlands). Now the company’s specialists have begun to develop basic engineering - the documentation necessary to start manufacturing equipment and develop working documentation. The introduction of new measuring probes into the process is planned in stages in 2020.

An increase in steel output will also be possible thanks to the new design of the converter lining, due to which the aggregate resistance will increase from 5.5 to 6 thousand heats. It is planned to launch a pilot version of the refractory masonry in a new design in October this year at converter No 1, which will increase production by 45 thousand tonnes.

Source : Strategic Research Institute

voda 6 augustus 2019 16:25

0

Ircon Flouted DMI&SP Policy in Buying Head Hardened Rails - Steel Ministry

Financial Express reported that Ircon International, which is executing various rail projects entrusted by the ministry of railways, has been rapped by the steel ministry for flouting Domestically Manufactured Iron & Steel Products policy that seeks to protect domestic steel firms from cheaper imports. As per report, Ircon placed an order with an Austrian company for 2,100 tonne head-hardened rail for Banihal-Arpinchala section of the project, apparently without seeking the waiver. The minutes of a meeting of the standing committee, headed by the steel secretary, say “The global tender by Ircon and placement of order of 1080 hard hardened without waiver from MoS has gone against the very spirit of this policy and was viewed with concern by the standing committee.”

Under DMI&SP policy, government agencies are mandated to use local steel in preference to imports to encourage domestic manufacturing. A waiver is granted by the ministry of steel when the product required is not available, domestically.

Source : Financial Express

Vertraagd	24 feb 2025 17:37
Koers	26,830
Verschil	0,000 (0,00%)
Hoog	27,020
Laag	26,600
Volume	1.746.632
Volume gemiddeld	2.623.177
Volume gisteren	1.746.632

11 feb	Von der Leyen verwerpt Amerikaanse im...	2
10 feb	Trump dreigt met importheffingen op s...
09 feb	ArcelorMittal en Aperam weekwinnaars
07 feb	Deutsche Bank verhoogt koersdoel Arce...
06 feb	Beursblik: ArcelorMittal overtreft ve...
06 feb	AEX opent waarschijnlijk hoger. Let o...	2
06 feb	ArcelorMittal ziet verlies afnemen	1
05 feb	Beursblik: beter vierde kwartaal bij ...
03 feb	Deze 5 aandelen kunnen deze week voor...
03 feb	Video: optimisme beursexperts volledi...	1

Arcelor Mittal « Terug naar discussie overzicht

Nieuws en info hier plaatsen (deel 4)

Meedoen aan de discussie?

Direct naar Forum

Detail

ArcelorMittal nieuws meer