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voda 8 augustus 2019 16:46

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ArcelorMittal Italia Concludes 1st Phase of Emission Scenario for 6 Million Tonnes

ArcelorMittal Italia announced that the first phase of study of the emission scenario with respect to the authorized production of 6 million tonnes per year has been concluded. This is preparatory and necessary to arrive at a new elaboration of the Health Damage Assessment, as part of the review procedure of the Integrated Environmental Authorization pursuant to the Prime Ministerial Decree of 29 September 2017, initiated by the Ministry of the Environment, following the request presented by the Mayor of Taranto on 21 May last.

For the entire duration of this first phase, ArcelorMittal Italia, for what it was responsible for, has made available all the data and information available through the support of its technicians, in a transparent and collaborative manner.

In relation to the same proceeding, ArcelorMittal Italia, as manager of the Taranto steel plant, presented last week a precautionary appeal in relation to the decree to start reviewing the AIA issued by the Ministry of the Environment for purely precautionary purposes. Do not lose the right to protect your rights - ArcelorMittal Italia specifies - it does not want in any way to oppose the spirit of full and active collaboration that the company is demonstrating and wants to continue having with the competent authorities. Finally, ArcelorMittal Italia underlines that it is seriously committed in carrying out all the interventions of the Environmental Plan, in compliance with the deadlines established in the AIA decree.

Source : Strategic Research Institute

voda 9 augustus 2019 14:29

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Chairman SAIL Mr Anil Kumar Chaudhary Assaulted

Steel Authority of India Limited is deeply shocked and anguished while sharing the news of murderous assault on the Company’s Chairman Mr Anil Kumar Chaudhary by four unknown assailants on the night of 7th August, 2019 near HUDCO Place, New Delhi while he was on his way back to his residence from office in his official car. SAIL said “Mr Chaudhary was brutally attacked at around 10.30 PM when his car was intentionally hit by another car occupied by four people. As he and his driver came out of their car, one person from the other car caught the driver by his neck while the other three severely attacked Mr Chaudhary with iron rods on his head, neck, knees and legs. The assailants were also armed with knives. The driver was left unharmed. Fortunately, the Police Motorcycle Patrol arrived at the site and managed to nab 2 persons. Mr Chaudhary was taken to AIIMS Trauma Centre for immediate medical treatment. He has since been discharged from the hospital.”

The release added “A complaint to this effect has been registered at Hauz Khas Police Station, New Delhi. The police is investigating the attack from all possible angles.”

Source : Strategic Research Institute

voda 9 augustus 2019 14:30

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Slowdown in Auto Industry has Impacted Indian Steel Sector - Tata Steel

PTI reported that Tata Steel CEO and MD Mr TV Narendran said that the prolonged slump in the domestic automobile industry has impacted the steel sector and that the demand for steel in India has to pick up and that depends a lot on construction and automobile sectors. He told "I think steel touches all parts of the economy. It is 20% of the steel that gets consumed in auto and that has an impact. That is certainly something that has played out over the last three months. While auto industry has its own challenges, the government can do a lot in construction and infrastructure segments, but the rest depends on private capital and residential demand.”

He added "So as far as international market is concerned, things are bit soft. The problem is less about international steel flows and more about domestic demand.”

Source : PTI

voda 9 augustus 2019 14:39

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Union Minister of State for Steel Mr Kulaste visits Vizag Steel

Mr Faggan Singh Kulaste Hon’ble Union Minister of State for Steel was on a maiden visit to Vizag Steel Plant. The Union Steel Minister inaugurated a most modern Blood Component Separator Equipment at Blood Bank in Visakha Steel General Hospital. He also visited Plant’s Model Room & Awards Gallery, Coke Oven Battery, Blast Furnace-3, Steel Melt Shop-2 and Wire Rod Mill-2 during his plant visit. Mr Rath, CMD explained about the latest know-how and the facilities incorporated in the plant operations. The Minister was highly impressed with the green and clean environment prevailed inside the plant and termed Vizag Steel as Most eco-friendly Steel Plant in the country. Later, the Minister witnessed a corporate presentation of the management.

Speaking to the senior management on the occasion, Mr Faggan Singh stated that Ministry of Steel is in continuously interacting with the other ministries to increase the consumption of steel to reach the target of 300 million tonne by 2030-31 as envisaged in the National Steel Policy 2017. He said that GOI is focusing on infra development, housing projects & road projects etc, in the country, which largely help the Steel Industry to come out with present challenging situation. He emphasized to focus on safety, quality and productivity to succeed in the competitive market and added that MOS would extend all necessary support to RINL in its endeavor towards excellence.

Source : Strategic Research Institute

voda 9 augustus 2019 14:40

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British Steel Close to Rescue Deal with 3 Steelmakers in Running

The Northern Echo reported that a deal to rescue British Steel is edging closer with three bidders in the running to acquire the whole firm. Tees Valley Mayor Mr Ben Houchen said "There are three bidders in the running to acquire the whole of British Steel. If all goes well, there will be the announcement in the coming days that an exclusivity agreement has been signed with a preferred bidder. I can also confirm that the bidders are existing steelmakers which is important. While an exclusivity agreement is currently being drafted with a preferred bidder, a fair amount of work still needs to take place. We expect there to be 6-8 weeks’ worth of due diligence that needs to be undertaken. This is not a done deal, and work still needs to be done, but things are looking positive. Bidders are impressed with British Steel’s order book, its workforce, and the overall potential for the business. As with all updates, no job losses have been announced, none are planned, and workers are still being paid on time and in full thanks to a Government-backed indemnity which is bankrolling the company. I want to take this opportunity to thank the workforce and their families for their patience during this uncertain time. The situation is looking increasingly positive and I would ask everyone to keep the faith, keep positive, and prove to bidders that this company does have a strong future."

Redcar MP Ms Anna Turley added "I have just been on a conference call with Secretary of State Andrea Leadsom and EY as Special Managers to discuss the latest on British Steel. She said "There are three steelmakers in the running to buy the entire British Steel business which is really positive news. We need that understanding of the industry and commitment to its future which was totally lacking from Greybull. Subject to the completion of ongoing due diligence, we are expecting an announcement within a few days on an exclusivity agreement being signed with the preferred bidder. A number of weeks of further due diligence will then follow. I asked for assurances that the whole company will be kept together without cherry-picking. The Secretary of State and EY confirmed this is still the priority. Everyone is working flat out to progress the sale to the next stage. Optimism that this can be achieved soon remains high.”

British Steel went into liquidation in May after rescue talks with the Government collapsed.

Source : The Northern Echo

voda 9 augustus 2019 14:49

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JSPL MD Denies Payment Defaults Rumors

ET reported that Jindal Steel and Power Ltd said that it has not defaulted on any payments and all speculations with respect to payment default are baseless and false in nature. Mr VR Sharma Managing Director of JSPL said "The business is going on as usual and normal and company is generating adequate cash. So much so: that the company has prepaid INR 300 crore towards non-convertible debentures earlier than its due date. The company has not made any payment defaults.”

On rumors regarding any sell off in pledged shares, Mr Sharma said "No sale of shares is reported by any of the lenders. More so, the promoter group is looking to reduce the pledge at the earliest.”

Source : ET

voda 9 augustus 2019 14:49

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KIOCL Iron Ore Pellets Production in Q1 Surges

KIOCL Ltd produced 6.1 lakh tonnes of iron ore pellets in the first quarter of FY20, against the target of 4.9 lakh tonnes for the period. The company said 5.39 lakh tonnes of iron ore pellets were exported and 1.6 lakh tonnes were sold in the domestic market during the quarter. This marked a 31 per cent increase in sales volume compared to the first quarter of FY19.

KIOCL’s revenue from operations stood at INR 598.44 crore during Q1 FY20, against INR 393.18 crore in the corresponding period of FY19. Its profit after tax stood at INR 16.64 crore, against a loss of INR 3.63 crore in Q1 FY19.

Source : Strategic Research Institute

voda 9 augustus 2019 14:50

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Mechel to Supply Coking Coal to Jiangsu Sha Steel Group in China

Mechel has signed a major contract for coking coal supplies with Jiangsu Sha Steel. The new agreement will be valid starting September 2019 to August 2020. During this time, Mechel will supply Jiangsu Sha Steel with up to 720,000 tonnes of premium-grade coking coal produced by Yakutugol Holding Company AO. The coal will be shipped through Mechel Group’s Trade Port Posiet. The price will be determined on a monthly basis in accordance with international market trends.

Jiangsu Sha Steel is Mechel’s longstanding strategic partner in Asia Pacific. The contract notes strong business ties between the two sides, based on mutual profit and trust.

Source : Strategic Research Institute

voda 9 augustus 2019 14:51

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Strategic Realignment of thyssenkrupp Making Progress

thyssenkrupp is proceeding with its fundamental strategic realignment according to plan. With the presentation of its figures for the first 9 months of the current fiscal year, the Group is announcing initial decisions and a timetable for the further development of the realignment resolved in May 2019. The aim is to significantly improve the Group’s performance and build a fundamentally new thyssenkrupp in which its businesses develop in the best possible way and hold leading market positions. Mr Guido Kerkhoff, CEO of thyssenkrupp AG, said “In view of the increasing economic headwind, we changed direction in good time and are pressing ahead forcefully with the restructuring of thyssenkrupp. The focus of the first phase is on the structural stabilization of the businesses, which will also require an efficient leadership and organizational model. With this we are preparing the groundwork so that in the second phase we can position our businesses for long-term profitable growth.”

The new thyssenkrupp newtk follows three basic principles: “performance first”, “flexible portfolio” and “efficient organization”

Performance first: medium-term targets confirmed; businesses with disproportionately high negative cash flow under review

Flexible portfolio: IPO of elevator business on schedule; clear interest from investors; expressions of interest being examined

Efficient organization: Group to operate in new structure from start of 2020; further reduction of administrative costs targeted

In the first 9 months of fiscal year 2018/2019 thyssenkrupp continued to grow in a difficult economic environment. Order intake increased by 2 percent to EUR 30.7 billion. Sales improved year-on-year by 1 percent to EUR 31.2 billion. Growth was slowed by increasingly weaker global economic momentum, a marked downturn in the automotive sector and continued high import pressure for steel. Added to this was the massive increase in raw material prices, especially for iron ore. These factors are reflected in operating earnings, particularly in the auto components and materials businesses. 9-month adjusted EBIT at EUR 683 million was significantly down from the prior year (EUR 1.3 billion).

At Steel Europe, significantly higher raw material costs (especially for iron ore), lower demand from the auto industry and the historically low Rhine water levels led to a drop in earnings to EUR 77 million from EUR 586 million a year earlier. thyssenkrupp is making significantly faster progress than planned in reducing central administrative costs. The development of operating earnings resulted in a net loss in the first 9 months of EUR 170 million (prior year: net income of EUR 229 million).

Revised forecast 2018/2019: adjusted EBIT expected at around EUR 0.8 billion.

Source : Strategic Research Institute

voda 9 augustus 2019 14:53

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SCHMOLZ + BICKENBACH Q2 Slowed Down By Weak Market Development

SCHMOLZ+BICKENBACH has reported a 16.2% decline in sales volume from 580 kilotons in the second quarter of 2018 to 486 kilotons. Due to higher sales prices, revenue decreased proportionally less sharply to EUR 807.6 million (11.1%) from EUR 908.3 million in the prior-year quarter. Adjusted EBITDA was 52.3% lower at EUR 40.5 million compared to EUR 84.9 million in the same quarter of the previous year. EBITDA reached EUR 28.0 million, 65.8% less than the EUR 81.8 million achieved in the second quarter of 2018.

A difficult first quarter was followed by an even more challenging second quarter. Both the Group's order intake and order backlog continued to decline. Like all manufacturing industries, the steel sector also suffered from the unfavorable market setting, triggered primarily by the trade conflict between the USA and China. In addition, threats from the United States to introduce new tariffs on EU products, the Brexit process and other global crises weighed on the confidence of consumers and producers. In the second quarter, SCHMOLZ+BICKENBACH initiated further measures to mitigate the impact on earnings in the short term. Administrative costs were reduced, the number of contract workers reduced, ongoing projects prioritized and maintenance works postponed where this poses no risk to our operational performance vis-à-vis customers and to employee safety. In addition, production was cut back in order to adjust inventories to the current low demand, particularly from the automotive industry. In terms of structural improvements, the focus was on implementing the turnaround plan of Finkl Steel and the continued integration of Ascometal.

At 486 kilotons, sales volume in the second quarter 2019 was 16.2% lower than in the same period one year ago with 580 kilotons. This decline was mainly due to a 20.0% decline in sales volume of quality & engineering steel. The weakness of the automotive industry had a significant impact here. Sales in the other two product groups, stainless steel and tool steel, was also lower than in the same quarter of the previous year. However, the decline of these product groups was more moderate than in quality & engineering steel as the end markets for stainless steel and tool steel show a higher degree of diversification.

The average sales price per ton of steel was EUR 1,662 in the second quarter of 2019, 6.1% higher than in the prior-year quarter (Q2 2018: EUR 1,566). The increase is mainly attributable to the more favorable product mix with a larger share of higher-priced steel grades from the product groups stainless steel and tool steel.

However, the positive price trend could not offset the lower sales volume. As a result, revenue fell to EUR 807.6 million, 11.1% lower than in the prior-year quarter. The decline is primarily attributable to the quality & engineering steel product group with a decrease of 21.5%. Revenue of stainless steel fell by 1.5% and of tool steel by 1.1%.

From a regional perspective, revenue declined in almost all regions compared with the prior-year quarter. Only in the Americas revenue was up 3.8%. This mainly reflects the success of the expansion in growth markets in Latin America. Revenue declined by 13.8% in Europe and 5.3% in Africa/Asia/Australia.

Source : Strategic Research Institute

voda 9 augustus 2019 14:54

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Vietnam Delays Anti-Dumping Probe on CR Steel Imports from China

Vietnam Plus reported that Vietnam Ministry of Industry and Trade has extended the time to decide the launch of an anti-dumping investigation on cold-rolled carbon steel coils and sheets imported from China by another 30 days. The MoIT’s Trade Remedies Authority of Vietnam said it has received a request for the investigation on May 3. On June 20, the agency issued an official dispatch to affirm that the document is complete and in line with regulations set in the Law on Foreign Trade Management.

According to Clause 2 of the law’s Article 70, 45 days after the document is announced as valid, based on the request from the investigation agency on trade remedies, the Minister of Industry and Trade decides if an investigation into the case will be conducted or not. In some special occasions, the decision can be delayed one time and for no longer than 30 days.

In case of the cold-rolled carbon steel imports from China, the postponement has been issued so that the ministry could have more time to examine the document and related information.

The decision will be issued on September 3.

Source : Vietnam Plus

voda 9 augustus 2019 14:55

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Maharashtra Seamless Q1 net Profit Rises QoQ

MAHARASHTRA SEAMLESS LTD. has reported financial results for the period ended June 30, 2019. The company has reported total income of Rs.714.71 crores during the period ended June 30, 2019 (Q1 FY20) as compared to Rs.959 crores during the period ended March 31, 2019 (Q4 FY19). The company has posted net profit of Rs.77.34 crores for the period ended June 30, 2019 (Q1 FY20) as against net loss of Rs.(69.96) crores for the period ended March 31, 2019 (Q4 FY19).

The company has reported total income of Rs.714.71 crores during the period ended June 30, 2019 (Q1 FY20) as compared to Rs.641.66 crores during the period ended June 30, 2018 (Q1 FY19). The company has posted net profit of Rs.77.34 crores for the period ended June 30, 2019 (Q1 FY20) as against Rs.110.17 crores for the period ended June 30, 2018 (Q1 FY19).

Source : Strategic Research Institute

voda 9 augustus 2019 14:55

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Ural Steel Launches Briquetting Line

Metalloinvest’s Ural Steel launched a briquetting line in AKKERMANN METAL YUGPK (South Ural Mining and Processing Company). Evgeny Maslov, Managing Director of Ural Steel, commented that “Ural Steel and the South Ural Mining and Processing Company have enjoyed many years of productive partnership. We are confident that the launch of this modern production method for a new type of product will further strengthen our relationship. The high-strength briquettes with increased Fe content and “smart” briquettes with special additives fully meet the requirements of steelmakers, so the products will see demand from our plant and other enterprises in the sector.”

The production of high-strength briquettes is a new aspect of the strategy of re-processing slag. They are made from metal concentrates and cement with added anthracite, magnesite, sludge and other additions required by the customer. The productivity of the new line is 30 tonnes of briquettes per hour, equating to 150,000 tonnes per year.

Source : Strategic Research Institute

voda 9 augustus 2019 15:00

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MMK Implements Digitalization Program with Deloitte CIS

Deloitte CIS has completed an assessment of MMK’s digital maturity and transformation potential as part of MMK's digitalisation strategy. The joint team applied Deloitte's global experience to analyse MMK's current digital initiatives and future potential. Currently, as part of the Company’s Industry 4.0 initiative, MMK is implementing more than 20 projects, dozens have been completed and the results are already visible. Digital solutions are being implemented at every stage of production. For example, when purchasing coal concentrate, an optimisation model is used to assess the quality and volume of supply, which takes into account economic, logistical and other parameters. In production, Optimal Iron, an automated information system is being created to determine the requirements for the quality of coke and sinter, the structure of iron ore raw materials and the parameters of hot air blast.

At the sales stage, an optimiser is used to load shipments in ports, this is synchronised with the formation of calendar production plans and also the development of the demand forecasting model for finished goods.

Power engineers use the digital twin turbine to sel ect the optimal operating parameters and continue to improve the energy management platform, allowing it to personalise the contribution of employees to energy savings.

To improve the efficiency of maintenance and repairs of equipment, an intelligent project life cycle system was launched to simulate and plan control, monitoring and management of the equipment’s life cycle.

All divisions of MMK are actively involved in the study and implementation of digital solutions. The result of this work is more than 250 initiatives in 20 functional areas that will improve the effectiveness of MMK's strategy.

Source : Strategic Research Institute

voda 9 augustus 2019 15:00

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KB Hallen Winner of European Steel Design Award 2019

A unanimous jury committee has selected K.B. Hallen in Copenhagen, Denmark as winner of the prestigious European Steel Award 2019 for steel professionals. The award is given for creative and exceptional use of steel in the rebuilding of this iconic building. Mr Hans Exner, who is the Project Manager for the steel structures at KB Hallen said that “We are proud of this recognition, that KB Hallen has been selected among Europe's foremost steel projects. The curved shape, which is so characteristic of the venue, is crucial and has high de-mands for the strength of the steel structures and has definitely been a challenge for the engineer-ing design. In addition, the building must be adaptable to accommodate a variety of sports activities and concerts. Therefore, it is extremely rewarding that our solutions have been recognized within the industry.”

The curved shape has a more contemporary design than the original version, with a column-free extension of the 1st floor, which thus appears as a 'floating' floor to the east and north. This places great demands on the strength and stiffness of the steel structures against oscillations.

The European Convention for Constructional Steelwork is behind the award. The International judging committee emphasized on the simplicity of the construction, where the steel arches support elements of concrete and form both part of the roof and deck construction. It provides strength for large column-free span and high-level robustness. Therefore, the European Steel Award, which is awarded every two years, goes to Copenhagen Boldklub as developer, Christensen & Co Architects, Ramboll as consulting engineers, Einar Kornerup as main contractor and Give Staalspaer as steel contractor for their collaboration on recon-structing K.B. Hallen; not as a true copy of the original hall, but in a contemporary interpretation. The new KB Hallen was inaugurated in December 2018 after being irredeemably damaged by a fire in 2011.

Source : Strategic Research Institute

voda 9 augustus 2019 15:01

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Kalyani Steels Q1 consolidated PAT of INR 36.28 crores

KALYANI STEELS LTD has reported financial results for the period ended June 30, 2019. The company has reported total income of INR 348.26 crores during the period ended June 30, 2019 (Q1 FY20) as compared to INR 330.90 crores during the period ended March 31, 2019 (Q4 FY19). The company has posted net profit of INR 36.28 crores for the period ended June 30, 2019 (Q1 FY20) as against INR 40.68 crores for the period ended March 31, 2019 (Q4 FY19).

The company has reported total income of INR 348.26 crores during the period ended June 30, 2019 (Q1 FY20) as compared to INR 326.02 crores during the period ended June 30, 2018 (Q1 FY19). The company has posted net profit of INR 36.28 crores for the period ended June 30, 2019 (Q1 FY20) as against INR 27.90 crores for the period ended June 30, 2018 (Q1 FY19).

Source : Strategic Research Institute

voda 9 augustus 2019 15:01

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Mill Steel Co Announces 3 Key Appointments

Mill Steel Co announced the appointments of Mr Kip Craddick, Vice President of Mill Steel Framing; Mr Steve McDaniel, Director of Mill Steel Framing; and Mr Brett Patton, Senior Account Manager. These key commercial players will lead the continued growth of Mill Steel Framing. Together, the trio bring over 35 years of experience in the metal framing industry. Their proven track record to build solid business and consistently deliver the high-touch service Mill Steel prides itself on will position Mill Steel Framing as the top supplier in the market.

Mr Craddick comes to Mill Steel with over 15 years of experience as a Senior Commercial Representative in the metal framing space. With an impressive history of managing commercial activities and relationships, Kip consistently delivers results.

Mr McDaniel is equally impressive with 25 plus years in the metal framing industry. Steve is widely recognized as the most productive and impactful metal framing commercial leader in the Mid-South. Mr McDaniel is regarded as a product and sales expert throughout the industry and brings a wealth of knowledge to Mill Steel Framing.

Mr Patton brings five plus years in the industry to the Mill Steel Framing team. He's an expert in fostering strong relationships and delivering high quality customer service. Brett will focus on the expansion of Mill Steel Framing throughout the Southern United States.

Source : Strategic Research Institute

voda 9 augustus 2019 15:02

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Fortaco Group Extends Estonian Steel Fabrication Plant

Emerging Europe reported that Fortaco Group has started a capacity extension project worth over 10 million euros in Narva, Estonia. The investment will consist of a 10,000 square metre factory extension and new equipment. Construction work begun in July 2019 and it is scheduled to be finalised within a year. The investment is supported by the Estonian government. Mr Lars Hellberg, president and CEO of Fortaco Group said that “We believe this investment is an important economic step in the city of Narva and it re-enforces the long relations that Fortaco’s Narva factory has in the region.”

Mr Larissa Shabunova, managing director of Fortaco Estonia said that “In the past two years, 200 new employees have been added to the Narva factory team. The new extension will offer additional jobs for up to 50 employees.”

Fortaco’s factory in Narva offers the world’s leading OEM customers manufacturing capabilities including steel fabrications used for various lifting applications and mobile equipment components. Fortaco’s steel fabrication footprint covers five modern factories in Estonia, Finland, Hungary and Poland.

Source : Emerging Europe

voda 9 augustus 2019 15:03

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Severstal Shipped 2.9 Million Tonnes of Steel to Russian Builders in H1

Severstal shipped 2.9 million tons of metal products to Russian builders in the first half of 2019, which exceeds the same indicators of the previous year by 16%. This year, Severstal has redesigned the organization to provide an excellent customer experience. In particular, the construction team was created specifically for the needs of customers from the construction industry, which focused on the supply of metal products and steel solutions to construction companies, manufacturers of building materials, components and metal structures.

The increase in supplies in the first half of the year was facilitated by the expansion of the geography of sales and the development of integrated logistics capabilities. For example, Severstal Steel Solutions has completed the longest supply of metal structures for the construction of a refrigerated warehouse for storing frozen fish products in the city of Petropavlovsk-Kamchatsky. The direct distance from the Oryol production site to the facility was 7,200 km. The structures were delivered to the construction site in a multimodal way: by road to the container station in Moscow, then by rail to the port of Nakhodka and by sea to the Kamchatka Peninsula.

Sales of rolled products with a polymer coating produced under the brands of Steel Silk, Steel Velvet and Steel Cashmere increased by 51% in the first half year. In the spring of this year, Severstal began supplying polyurethane-coated metal products manufactured under the SeverFarm brand for the construction of facilities for the NOVATEK-Murmansk LLC Center for the Construction of Large-tonnage Marine Structures in the Murmansk Region.

Deliveries also increased due to an increase in focus on small end-users and the associated increase in sales through its own distribution network. In the first half of the year, deliveries of Severstal Distribution JSC in Russia increased by more than 25% - up to 550 thousand tons of metal products. The growth of sales was also facilitated by the conclusion of long-term multi-product agreements with the largest manufacturers of building materials: facades, roofing materials, sandwich panels and other light steel structures.

Source : Strategic Research Institute

voda 9 augustus 2019 15:05

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Military Industrial Company VPK Developing New Steel Armour

Jane's Defence Weekly reported that Russia's Military Industrial Company VPK is developing new steel armour. VPK GD Mr Alexander Krasovitsky told that the armour will be an analogue of steels produced in Sweden but costs RUB 120,000-150,000 (USD 1,840-2,300) per tonne, instead of RUB250,000 per tonne, he added.

The company has also begun development of ceramic armour using manufacturers from within the VPK holding, as well as contractors, Krasovitsky continued. He said the steel armour is being developed in co-operation with metallurgists and steel producers.

Source : Jane's Defence Weekly

Vertraagd	25 feb 2025 10:32
Koers	26,750
Verschil	-0,080 (-0,30%)
Hoog	26,830
Laag	26,520
Volume	220.024
Volume gemiddeld	2.623.177
Volume gisteren	1.746.632

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