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voda 16 augustus 2019 14:52

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South Korea Demands Fair Ruling in Vietnam Steel Investigation

South Korea has demanded Vietnam make a fair ruling on an ongoing investigation into Korean firms’ alleged dumping of their steel products in the Southeast Asian country. On Thursday, Korean officials from the Ministry of Trade, Industry and Energy met their Vietnamese counterparts in Da Nang and called on the Vietnamese government to make a fair decision in the anti-dumping probe on Korean steelmakers.

Vietnam began a probe in October last year to see if Korean steelmakers sold their color coated galvanized steel sheet products at prices lower than market value and is expected to come up with a final ruling in October this year.

Source : Yonhap

voda 16 augustus 2019 15:23

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Australia's Port Hedland Iron Ore exports Decline by 16.2% in July 2019

Pilbara Ports Authority has delivered a total monthly throughput of 56.7 million tonnes for the month of July 2019. This throughput was a 1% increase compared to the same month in 2018. The Port of Port Hedland achieved a monthly throughput of 41.7Mt, of which 41Mt was iron ore exports. The monthly throughput was a 1% increase from July 2018. Imports through the Port of Port Hedland totalled 160,000 tonnes, a decrease of 6% from the same month in 2018.

The Port of Dampier delivered a total monthly throughput of 13.9Mt, an increase of 1% from July 2018. Imports through the Port of Dampier totalled 121,000 tonnes, an increase of 12% from the same month in 2018.

Source : Strategic Research Institute

voda 16 augustus 2019 16:53

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EU cuts steel import quotas after industry protests

Aug. 15, 2019 2:59 PM ET|About: ArcelorMittal (MT)|By: Carl Surran, SA News Editor
The European Commission reduces the planned increase in tariff-free steel quotas to 3% from 5%, in an effort to protect against a rise in imports prompted by U.S. tariffs.

Top steel executives including a division chief at ArcelorMittal (MT +0.2%) had urged the EC to scrap or postpone the 5% increase which took effect on July 1, saying the European steel industry was under threat.

The Commission also plans to curb any one country of exceeding a 30% share of imports of hot rolled flat steel during a quarter, which may affect Turkey, which has had a large share of imports into the European Union.

"Most notably, Indonesia... has lost its exemption for hot and cold rolled stainless products" in the proposals, Jefferies analyst Alan Spence says.

Separately, MT says a fire that broke out at its steel plant in Krakow, Poland, today has been extinguished but the blast furnace would be shut down for 2-3 days to check for damage; the plant produces ~1.5M metric tons/year of steel.

ETF: SLX

seekingalpha.com/news/3492360-eu-cuts...

voda 19 augustus 2019 06:15

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Prijs ijzererts in vrije val, maar Goldman voorziet opleving

Een opvallend geluid van de analisten van zakenbank Goldman Sachs: de prijs voor ijzererts schiet volgens hen binnen drie maanden weer terug naar boven de $100 per ton. Opmerkelijk, want voor nu is het vooral kommer en kwel op de markt voor deze belangrijke grondstof.

Deze maand ging er al 25% van de prijs van ijzererts af. De prijs duikt hard naar beneden, terwijl eerder dit jaar nog prijzen werden aangetikt die in geen jaren gezien waren. Een ton kostte dinsdag rond de $87 op de markt voor termijncontracten in Singapore. Begin juli was dat nog $118.

Van ijzererts wordt staal gemaakt, en de verwachting is dat de vraag naar dit product minder sterk zal toenemen. Dat dempt ook de groei van de vraag naar ijzererts. De handelsoorlog tussen de Verenigde Staten en China schaadt de wereldeconomie en dus de vraag naar staal, zo is de redenering. Vooral de Chinese economie is van belang: meer dan de helft van het ijzererts ter wereld wordt in dat land verbruikt.

Behalve wegvallende vraag speelt er op de ijzerertsmarkt ook iets anders: tot voor kort stond het aanbod onder druk. Door een ongeluk bij een mijn van het Braziliaanse Vale, de grootste ijzerertsproducent ter wereld, moest die mijn begin dit jaar dicht. Daarna moest Vale de productie in nog meer mijnen stilleggen vanwege zorgen over de veiligheid.

Grote spelers

Nu gaan die mijnen één voor één weer open en komt het aanbod weer terug op de markt. Dat gegeven drukt mede de prijzen.

Maar de analisten van Goldman zijn niet onder de indruk. Zijn gaan uit van een ijzerertsprijs van $115 over drie maanden. Voor heel 2019 gaat de zakenbank uit van een gemiddelde prijs van $100 per ton.

De productie van Vale is nog lang niet terug op het oude niveau, aldus analisten van de bank. En het aanbod van de drie andere grote spelers op de markt (BHP, Rio Tinto en Fortescue Metals) is, zeker op de korte termijn, niet voldoende om het gat te vullen. Van andere mijnen dan die van de 'grote vier' zal er ook geen substantieel hoger aanbod komen, want deze productielocaties zijn volgens de zakenbank te klein om het verschil te maken.

Structureel tekort

Volgens Goldman heeft de markt voor ijzererts te maken met een structureel tekort. Bij een gebrek aan capaciteit om de productie op korte termijn op te voeren kunnen de prijzen volgens de zakenbank maar één kant op: omhoog.

Daar komt bij dat Goldman niet verwacht dat de handelsoorlog direct tot enorme economische schade zal leiden. Een recessie in Europa, de Verenigde Staten of China behoort niet tot het basisscenario van de economen van de Amerikaanse zakenbank.

De bank waarschuwt wel voor volatiele prijzen op de markt voor ijzererts. Want bij te hoge prijzen komt er het moment dat die de vraag juist weer schaden. Dat zorgt weer voor dalende prijzen, tot het moment dat de staalfabrieken weer gaan inslaan.

di 13 aug

fd.nl/beurs/1312336/prijs-ijzererts-s...

voda 19 augustus 2019 16:12

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British Steel Bid - Turkish Company Ataer Holding Enters Exclusive Talks

Turkey's military pension fund has signed a preliminary agreement to buy British Steel, bringing it closer to taking over the stricken steelmaker. Ataer Holding, a subsidiary of the country's state military retirement fund Oyak, is now in exclusive talks for the steel giant. OYAK GM Mr Suleyman Savas Erdem said "We have achieved one of the biggest achievements of the Turkish steel industry and signed a preliminary agreement to buy the industrial giant of UK, British Steel. We will continue to evaluate opportunities globally inline with our growth-oriented vision and we will continue our investments to provide sustainable high benefit to our members."

Commenting on the emergence of a potential buyer for British Steel, Chair of the Business, Energy and Industrial Strategy Committee, Ms Rachel Reeves MP said “The news that there looks like being a buyer for British Steel is a positive development and provides some much-needed optimism for workers, customers and others in the supply chain. As part of our UK steel inquiry, in the autumn we plan to ask Ataer about its proposals, its plans for the workforce and how it will ensure the future prosperity of a company that is so important to the community and wider economy.”

Based in Scunthorpe, North Lincolnshire, British Steel was put into compulsory liquidation on May 22 after Greybull Capital, which bought the firm for one pound from Tata Steel three years ago, failed to secure funding to continue its operations. Greybull blamed Brexit strains for its financial collapse. Britain's second-largest steelmaker employs 5,000 workers and produces nearly 1,500 steel products including rail, construction steel, special profiles, and wire rods with an annual production capacity of 4.5 million tonnes of raw steel. The 150 year old company supports a further 20,000 jobs in its supply chain and production sites in France and the Netherlands. Some important projects featuring British Steel products are London Heathrow Airport and the Olympic Stadium, as well as the newly inaugurated Istanbul Airport.

OYAK Mining Metallurgy Group is Turkey's largest integrated steel producer with its nine companies employing some 12,000 workers. According to crude steel production statistics in 2017, it ranks third among the producers of the EU-28. The main company within the group is Eregli Iron and Steel Factories, Erdemir, based in northwestern Turkey's Zonguldak. Starting flat steel and plate production for the first time in Turkey as a public corporation in 1965, Erdemir is listed among the fifty civil engineering feats of the country by the Chamber of Civil Engineers. It was privatized in October 2005 and 49.29% of the shares were acquired by OYAK for USD 2.77 billion while 47.63% of its shares are traded in Borsa Istanbul, with 3.08% held by Erdemir itself. In 2002, Iskenderun Iron and Steel Corporation, Isdemir, another public-owned company based in southern Hatay province producing flat and long steel products, was transferred to Erdemir. There are various mining, engineering and energy companies operating as subsidiaries of Isdemir and Erdemir, which are ranked seventh and eighth in the Istanbul Chamber of Industry's annual "500 Top Turkish Enterprises" list, respectively.

Source : Strategic Research Institute

voda 19 augustus 2019 16:13

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ED attaches INR 190 Crore worth Usha Martin Assets

Economic Times reported that Enforcement Directorate has issued an order attaching INR 190 crore worth of immovable assets of the wire ropes business of Usha Martin Ltd at Ranchi. The order involves provisional attachment of the property of the wire ropes business for 180 days. The order follows an FIR filed by the CBI after investigation into the sale of ore from an iron ore mine allotted to the company for captive use. The CBI has been conducting investigation based on a compliant that the company was permitted to use its iron ore mine at Ghatkuri, West Singbhum, Jharkhand, for captive use only.

Usha Martin said it had received a copy of the order issued on August 9 on August 16. Usha Martin said it does not agree with the ED order and was seeking opinion for appropriate legal action to contest it. It said that "The company is seeking advice from its legal counsel and as such has been given to understand that the order would not affect its operations.”

The company said it had conducted its iron ore mining operations according to the mining lease deed and permissions received from relevant authorities. The statement also said the Jharkhand High Court had in an order dated February 14, 2012, stated the company had the right to sell ore from the mine as per terms of the mining lease.

UML statement also said it had used the proceeds of the sale of its steel business to deleverage its balance sheet by reducing its INR 4.500 crore debt to around INR 520 crore. A senior UML official said that "We gave repaid our dues to the lenders without any haircut; adding that the timing of the sale was appropriate as it was "among only a handful of deals to have gone through successfully given the subsequent slowdown in the steel market."

Source : Economic Times

voda 19 augustus 2019 16:14

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Tokyo Steel Chooses Danieli’s Q-ASC for Scrap Selection

Tokyo Steel, the largest steel scrap consumer in Japan, purchases various types of scrap to feed its electric-arc furnace melting process. To support scrap handling and classification of the incoming material, the steelmaker selected Danieli Automation to supply the Q-ASC Automatic Scrap Classification system. Q-ASC will go through various self-learning phases to achieve fully automatic scrap classification, providing real-time feedback for yard operations and objective support in claims made to suppliers. The project will be implemented at the Kyushu plant but the cloud-based system architecture will make possible a seamless extension of Q-ASC to other Tokyo Steel plants.

The Q-ASC application, part of Danieli Automation DIGI&MET, is a response to EAF steelmakers’ need for Industry 4.0-compatible data technology.

Source : Strategic Research Institute

voda 19 augustus 2019 16:15

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Sale of British Steel to Turkish Military's Pension Fund Trigger Alarms

The Daily Mail reported that the proposed sale of British Steel to the Turkish military’s pension fund triggered alarm at Westminster with the chief of the Commons defense committee stating that industries with a strong defense dimension should remain under British control. Dr Julian Lewis, defense committee chairman, said “No industry with a strong defense dimension should pass out of the control of British firms and jurisdiction. Turkey was once a strong and reliable Nato ally, as far as Russia is concerned, and a Muslim country that separated religion from politics. What’s particularly concerning is that neither of those things is true today. While the proposed deal is better than seeing the industry collapse completely, it is much less desirable than having the company under British control.”

Dr Andrew Foxall, of think-tank the Henry Jackson Society, said “Recep Erdogan has set the country on a course toward authoritarianism in recent years. Flirting with Russia and China while oppressing its people, Turkey is increasingly turning its back on the West. Given that British Steel is crucial to our national infrastructure, the Government should consider extra steps to safeguard it under Turkish ownership.”

Source : The Daily Mail

voda 19 augustus 2019 16:15

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ANDRITZ to Modernize Cold Strip Processing Line for North American Stainless

International technology group ANDRITZ has received an order from North American Stainless for renewal of cold strip line #1 at the Ghent, Kentucky plant. The scope of supply and services includes engineering and delivery of a new chemical processing section, major modifications to the entry section of the line, new mist cooling section after the furnace, as well as the electrics & automation, and commissioning of the upgraded line. The modernization work is scheduled for completion in the fourth quarter of 2020.

North American Stainless is the largest fully integrated stainless steel producer in the US and a member of the Acerinox Group. This order once again confirms the extensive and successful business relationship between ANDRITZ and the Acerinox Group.

Source : Strategic Research Institute

voda 19 augustus 2019 16:16

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More Layoffs May Come from US Steel Ecore Furnace Idling

Detroit News reported that more temporary layoffs could result from US Steel Corp idling a blast furnace at its facility in Ecorse. Pittsburgh-based steelmaker has cited market conditions as its reasoning behind continuing to idle the furnace at Great Lakes Works following a planned maintenance outage in June. So far, the company temporarily has laid off nearly 50 employees, but more likely will occur before the end of September, US Steel said in a letter of notice of the layoffs to the state of Michigan. Mr Mark Tade, US Steel's director of employee relations for the Ecorse facility, said in the letter that "It is anticipated that further layoffs are likely to commence on September 30, 2019 and may continue periodically thereafter based on market conditions.”

He said that the total number of layoffs is expected to be less than 200 based on the current market, though they may exceed six months.

On August 4, 21 employees were laid off, including two part-time workers. That followed layoffs of 27 part-time employees on July 21. Positions include technicians, utility workers and clerical jobs.

US Steel also said in June it was idling a blast furnace in Gary, Indiana, and another in Europe. Great Lakes Works has an annual raw steelmaking capability of approximately 3.8 million net tons. The idling of the two US furnaces through the end of the year is expected to reduce the company's flat-rolled shipments to 11 million tons.

Source : Detroit News

voda 19 augustus 2019 16:16

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BlueScope Proceeding with North Star Expansion

BlueScope Managing Director and CEO, Mr Mark Vassella said “After careful due diligence, today we advise that the Board has approved the expansion of our successful North Star business at Delta in Ohio USA, subject to anticipated receipt of necessary air permits and local and state incentives. BlueScope will add around an additional 850,000 metric tonnes per annum of domestic steelmaking capacity in the US. With an estimated cost of USD 700 million, commissioning of the expansion is targeted for mid FY2022, with full ramp up approximately 18 months later. North Star is recognised as a best-in-class asset. Based on long-term historical spreads, this project is expected to deliver compelling ROIC of 15 per cent or more, once fully ramped-up. Moreover, the project has future potential growth, through possible debottlenecking to add a further 500,000 metric tonnes per annum of steelmaking capacity.”

He said “This project fits our strategy perfectly. It offers long-term sustainable earnings growth from a high-quality asset. It is a significant tribute to the 400 employees at Delta who work hard to make it such a strong performing asset. The BlueScope investment proposition now comprises a strong suite of assets and options, capability and discipline, all focused on growing long-term shareholder value and returns.”

He added “To ensure appropriate management and governance of the North Star expansion, we have made some changes to our Executive Leadership Team. Mr Pat Finan will take the new role of Chief Executive Hot Rolled Products North America, responsible for both the North Star operations and the expansion project. Mr Finan is well placed to oversee this important investment, having held executive responsibility for the North Star operations in his current role, and been closely involved in the due diligence phase. Mr Alec Highnam, President BlueScope North America, will take on the expanded role of Chief Executive BlueScope Buildings leading the Group’s engineered steel building business in North America and taking on executive responsibility for BlueScope’s other corporate interests there, including Innovation and the BlueScope Properties Group.”

Source : Strategic Research Institute

voda 19 augustus 2019 16:17

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NGT Pulls Up Odisha Pollution Board Officials for Going Soft on Polluting Visa Steel

Economic Times reported that the National Green Tribunal has pulled up Odisha State Pollution Control Board for failing to act on a complaint that steelmaker Visa Steel is discharging untreated effluents into a stream, after asking OSPCB to submit a report on the matter within two months in April. NGT said in an order “The pollution board failed to exercise its statutory responsibilities as a regulator. Board’s erring officials could face a fine and disciplinary action if they don’t act against the company. Visa Steel’s plant in Kalinganagar Odisha could face action including temporary closure, criminal prosecution or compensation for environmental damage.”

The NGT order dated August 9 said that “Two months’ period expired on 10 June 2019, but no report was filed. Today, Papiya Banerjee Bihani, learned advocate for OSPCB appears and prays for a short time to file the report. This, in our view, reflects the apathy and dereliction on the part of the state PCB in taking prompt measures when serious concerns have been raised in the application.”

The order notes that the OSPCB, in its inspection report dated July 24, 2018, had found that not only was effluent being released outside (through a culvert at the back of the company guesthouse), but its analysis showed traces of Cr+6, cyanide and phenol. The report also found that Visa Steel had failed to apply dust suppression measures and its systems to measure ambient air quality were defunct.

The steelmaker had been accused of dumping untreated effluents into a stream behind its plant by a local environment group, Kalinganagar Paribesh Surakhya Samiti. In April, the NGT had asked OSPCB to submit a report on the matter within two months.

Source : Economic Times

voda 19 augustus 2019 16:18

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Kurds Back Nationalization over Lining Turkish Army's Pockets

Morning Star Online reported that British Steel must be re-nationalized, say Kurdish activists as they warned against the government accepting blood money from the Turkish army who are committing war crimes with jihadist terror groups in Syria. The Kurdistan Solidarity Campaign issued a call for the British government to step in and save the company, which faces liquidation, instead of using the labor of British workers to line the pockets of murderers. It hit out at plans to sell British Steel to the investment arm of the Turkish Armed Forces Assistance Fund Oyak, which was named as the preferred bidder by the British government. British based Kurdish and Turkish organization Gik-Der said the sale was a reflection of the dirty relationship going on behind the scenes between Turkey and the British government. It warned the Turkish army is responsible for many brutal massacres both historically and today, targeting thousands of ethnic minorities.

It said “The Turkish army is not only a military force but also represents an important part of the capital of Turkey through its major company Oyak. This purchase is a clear sign of how militarised not only the Turkish government is but also the militarised direction the capital of Turkey is following. The message the UK government is giving to the world through this deal is clear. Our doors are open to all types of dictatorship regimes as long as they bring in capital.”

KSC said the sale of British Steel to Oyak would see the company run for the profit of Turkey’s military which is widely linked to jihadist terror groups and the Free Syrian Army.

Source : Morning Star Online

voda 19 augustus 2019 16:26

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Worker Unions Unite & Community Welcome British Steel Development

UK and Ireland’s largest union Unite has welcomed the announcement that the Turkish Armed Forces Assistance Fund Oyak has entered into exclusive talks with administrators Ernst and Young, about purchasing British Steel which was placed into compulsory liquidation in May. Unite national officer for steel Mr Harish Patel said “The overwhelming feeling of the 5,000 workers at British Steel is one of relief. Since May the workers have had their lives put on hold with the future of the company and their jobs being placed in an extremely precarious position. The announcement that Oyak has entered into exclusive talks about purchasing British Steel is not the end of the process, but it is a massive step forward and provides a degree of confidence for the workforce at British Steel and the company’s customers. In order to secure the long-term future of British Steel and the UK steel industry there remains a requirement for the government to keep its eye on the ball and provide assistance to tackle problems of high use energy costs and business rates. The government must also introduce a proper industrial strategy which tackles procurement issues to ensure that public contracts use UK steel. It is also essential that the government acts to prevent a disastrous no deal Brexit which would lead to cheap steel being dumped in the UK market.”

Mr Roy Rickhuss, General Secretary of Community, said “This is an important milestone, and will be hugely encouraging to the workforce and all those connected with British Steel. But we should be clear this is not yet a done deal and we have a lot of hard work ahead of us. We now expect to engage with Ataer to understand and scrutinise their plans for the business. As we have said from the outset we believe the business must be kept together and the future of steelmaking at Scunthorpe secured. We will want to be assured that Ataer has a long-term strategy to invest in the assets and develop the business going forward. Government of course has a key role to play in supporting that strategy. We will also want to discuss how Ataer proposes to re-engage the workforce at British Steel under the new company. As we know British Steel jobs are highly skilled high-quality jobs, each of which support a further four jobs in the wider economy. The high-quality jobs of the existing workforce must be secured to support the 25,000 families in North Lincolnshire and the North East that depend on British Steel for their livelihoods.”

Source : Strategic Research Institute

voda 19 augustus 2019 16:27

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Iran Steel Exports Down by 12%

Financial Tribune reported that major Iranian steelmakers exported 2.24 million tonnes of steel during the first four months of the current fiscal year (March 21 to July 22) to register a year on year decline of 12%, latest data released by the Iranian Mines and Mining Industries Development and Renovation Organization show.

The steel mills shipped out 620,589 tonnes during the fourth month of the year (June 22 to July 22), which show a 13% decrease compared with the same month of the year before.

With a total of 712,771 tonnes of exports over the four months and 163,465 tonnes in the fourth month under review, Khouzestan Steel Company was Iran's biggest exporter of steel.

Nonetheless, the mill experienced a year-on-year decline both during the four months and in the fourth month by 26% and 16% respectively.

Source : Financial Tribune

voda 19 augustus 2019 16:27

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USW Members Ratify New Contract at Cascade Steel

NW Labor Press reported that a month after members of United Steelworkers Local 8378 authorized a strike, Schnitzer Steel improved its contract offer in a three-day last ditch round of negotiations that involved a federal mediator. The resulting three year agreement ratified by members August 9 will raise wages 3.25% annually for the 280 workers at Schnitzer’s McMinnville steel mill complex, known as Cascade Steel Rolling Mills.

Because the agreement also contained concessions, the union bargaining didn’t recommend either passage or rejection. The agreement was approved with support of 61% of those voting.

Local 8378 President Jim Blue told the Labor Press that “That wasn’t quite what we hoped for on wages. Union negotiators had hoped to get 3.5%.It was three hard days with the mediators. Some of the members in the bargaining committee were not happy, but it’s better than contracts we’ve been getting.”

The first pay increase is immediate, and will be retroactive to the April 1 expiration of the previous agreement. That raise comes on top of a 60-cent per hour across-the-board wage increase that workers got in return for agreeing to end production bonuses. Production bonuses used to be substantial, but a new formula in the 2016-2019 contract reduced them from thousands of dollars a year to just hundreds.

The biggest concession is an agreement that workers will pay more for insurance. Each year of the contract workers will pay an additional 1% of the premium. The contract sets a worker contribution target of 15% or 20%, depending on which plan workers choose.

The union also agreed to transition to a company-sponsored dental plan, but the company improved on its previous offer, agreeing to cover USD 2,500 a year of dental work, the same as workers now get.

The new agreement runs through March 30, 2022.

Source : Nw labor Press

voda 19 augustus 2019 16:28

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Kamdhenu Steel Q1 profit Up By 44% to INR 9.5 crore

Kamdhenu posted a 44% growth in profit after tax in its steel business at INR 9.5 crore in Q1FY20 up from INR 6.6 crore in Q1 FY19. The company’s profit before tax in steel went up 25.4% to INR 12.8 crore in Q1FY20 against INR 10.2 crore in Q1FY19. The steel business contributed 82% of the company’s revenues while paints accounted for the remaining 18%. Kamdhenu said it has recouped its business strategy by reducing business to business trading sales and a focus on improving efficiencies in own manufacturing and on a franchisee-based business model which led to improved margins and better efficiencies. Kamdhenu’s royalty income grew 29% to INR 24 crore in Q1FY20. The company said it is on course to beat its target of generating INR 100 crore as royalty income during 2019-20.

Mr Satish Kumar Agarwal, chairman, Kamdhenu Limited said that “We have been able to improve our overall sales volumes by nearly 20% despite the slowdown in steel industry, due to our business model, adding the company will add more franchisee capacity going forward and reach five million tonne per annum mark by FY22.”

Source : Strategic Research Institute

voda 19 augustus 2019 16:28

0

Steel Unit in Delhi Challenges Closure Notice

Hindustan Times reported the Delhi High Court has directed the Delhi Pollution Control Committee not to take any coercive steps in recovering INR 10 lakh environmental damage compensation from an industrial unit till the next date of hearing. The court also sought DPCC’s response on a plea challenging the closure order to the firm for allegedly polluting the environment. Justice Vibhu Bakhru said DPCC will not take any steps to recover the EDC till next date of hearing, September 18. The court posted the matter to be heard with a bunch of other similar petitions.

The court was hearing a plea filed by Mr Brij Mohan Basia, who had challenged DPCC’s May 17 sealing order to his industry allegedly involved in the pickling of steel sheets. Mr Basia, through his advocate Mr Shailesh Kumar Sinha, had challenged the INR 10 lakh EDC imposed on his industry. The plea said the actions taken on him were arbitrary and unreasonable. It said the May 17 closure notice was illegal, unsustainable, arbitrary and unconstitutional. It denied carrying out any picking activity and calling the sealing action as blatant violation of natural justice.

However, DPCC’s counsel told the court that the petitioner was carrying out steel-pickling activity, which is prohibited under the Master Plan of Delhi-2021.

Source : Hindustan Times

voda 19 augustus 2019 16:29

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Iran Output of Finished Steel & Semis Rises

Financial Tribune reported that a total of 4.12 million tonnes of finished steel products, including hot- and cold-rolled coils, rebar, beams, pipes, wide and galvanized sheets, were produced in Iran during the first four months of the current Iranian year (March 21-July 22) to register a 9% growth YoY. According to the Iranian Mines and Mining Industries Development and Renovation Organization’s latest report, Mobarakeh Steel Company and its subsidiary Saba Steel had the largest share of production with 2.36 million tonnes (up 2% YoY), Esfahan Steel Company with 776,253 tonnes (up 7% YoY), Oxin Steel Company with 294,174 tonnes (up 24% YoY), Khorasan Steel Company with 217,041 tonnes (up 18% YoY), Azarbaijan Steel Company with 116,629 tonnes (up 35% YoY, IASCO with 95,984 tonnes (up 32% YoY) & Chaharmahal-Bakhtiari Automotive Sheet Company with 83,952 tonnes (up 23% YoY)

Other major producers of finished steel included Bonab Steel Company with 82,502 tonnes 906 tonnes of beams, 80,269 tonnes of rebar (up 41% YoY) and 1,327 tonnes of other products (down 63% YoY), Ahvaz Rolling and Pipe Manufacturing Company with 65,000 tonnes (up 79% YoY) and INSIG with 35,805 tonnes—26,007 tonnes of rebar, 6,016 tonnes of beam, and 3,782 tonnes of pipes (up 44% YoY).

Source : Financial Tribune

voda 19 augustus 2019 16:30

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Severfield Board Appointed New Director

A new director has joined the board at Thirsk-headquartered structural steel group Severfield. Ms Louise Hardy is currently a non-executive director at Polypipe Group, Crest Nicholson Holdings and Sirius Minerals, as well as at Ebbsfleet Development Corporation, which was set up by the government to develop a new garden city in north Kent. Ms Hardy was previously European project excellence director at AECOM, responsible for project management across a portfolio of 10,000 projects. Between 2006 and 2013, she was a director at construction company Laing O'Rourke. Prior to that she worked at Bechtel Ltd as a project director and manager and worked for London Underground Ltd on the Jubilee Line Extension Project.

Ms Hardy will become a non-executive director of Severfield from 4 September 2019 and will serve on the company's Remuneration, Nomination and Audit committees.

Mr John Dodds, non-executive chairman at Severfield, said that "We are pleased to welcome Louise to the Board of Severfield. She brings with her a wealth of relevant experience in the delivery of complex infrastructure projects and experience as a non-executive director of other publicly listed companies. Her work in the UK construction sector and major project development will be highly beneficial to Severfield as we continue to build on the considerable positive momentum within the business."

Source : Strategic Research Institute

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