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voda 29 augustus 2019 16:57

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Thorncliffe Building Supplies Acquires Flintshire Steel & Timber Supplies

Insider Media reported that North Wales-based builders merchant Thorncliffe Building Supplies, which has sites in Rhyl, Abergele and Ewloe, has bought Flintshire Steel & Timber Supplies. The acquisition broadens Throncliffe's offering into fabrication and supply of steel.

Mr Tim Harper, director, said "It extends our own site, so we now have a 25 acre site there. It'll certainly give us more room. In terms of other acquisitions, you never know. This acquisition has broadened our services which will now allow us to provide a full range of steel supplies and fabrication. Products include angle steel, flat, round or square bars, roofing sheets, flat sheets and plates.”

Source : Insider Media

voda 29 augustus 2019 16:57

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Severstal to Seek New Technologies among Participants of TechUspekh-2019 Rating

Severstal has become one of the partners of the TechUspekh-2019 rating. Its participants, Russian technology companies with high leadership potential, will have the opportunity to create joint projects with Severstal, as well as pilot their developments on its industrial sites. In connection with the transition of Severstal to the model of open innovation, a need arose to attract new technological solutions to the market. The company is actively working with startups, and in 2019 launched its own internal and external SteelTech accelerator. Severstal Ventures Corporate Fund invests in projects in the field of new & advanced materials and innovative metallurgy technologies.

Among the participants in the TechUspech rating, Severstal also plans to search for promising technologies and new product solutions. The company's experts will evaluate projects in such areas as engineering, engineering, industrial equipment and energy. Severstal specialists are ready to provide participants with their industrial expertise, as well as talk about formats for further partnerships and the possibility of testing their developments on the assets of the enterprise.

The TechUspech rating has been formed by RVC since 2012 and is aimed at searching, monitoring and promoting fast-growing technology companies with high leadership potential both in the Russian and global markets.

Source : Strategic Research Institute

voda 30 augustus 2019 13:16

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Nippon Steel to cut CAPEX 10% due to slow down over Trade War

Nikkei reported that Nippon Steel plans a 10% cut in its planned capital spending of JPY 1.7 trillion (USD 16 billion) for three years through fiscal 2020, as the global steel market slumps due to increased Chinese production and the global economic downturn induced by the US China trade war. The current 3 year capital spending target through fiscal 2020 will be reduced about JPY 170 billion The manufacturer spent about JPY 440 billion in fiscal 2018. One of the major items hit by the spending cut will be the postponement of a planned upgrade to a blast furnace at the Kure plant of its subsidiary Nippon Steel Nisshin in Hiroshima Prefecture, with the upgrade being pushed back two years. The subsidiary had planned to spend about JPY 40 billion to upgrade one of its two blast furnaces and suspend operations at the second one.

The cut by the Japanese steelmaker may see more businesses in a wide range of industries follow suit amid an increasingly uncertain business environment.

Source : Nikkei

voda 30 augustus 2019 13:17

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thyssenkrupp could sell Elevator Division – Report

Reuters, citing four sources close to the German company, reported that thyssenkrupp EO Guido Kerkhoff has little choice but to sell the group’s prized elevator division lock, stock and barrel so he can save the conglomerate’s remaining businesses. They said “Kerkhoff’s preferred option is to list a minority stake in thyssenkrupp’s Elevator Technology but with financial pressures mounting on the company, a formal auction process that could get a deal faster has been launched. It would take at least until early 2020 to launch an IPO and a listing would only produce the best valuation in the right market environment - something that Kerkhoff cannot count on.”

Kerkhoff said earlier this month that management would look at concrete offers and make a decision based on what is best for the group, its shareholders and the division.

Source : Reuters

voda 30 augustus 2019 13:17

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British Steel Unit TSP to be sold to French Systra

Sky News has learnt that Systra, which has been engaged in talks to buy TSP for three months, has clinched a deal to buy the business, along with its GBP 70 million plus pension liabilities. The agreement is expected to be announced by Systra and the Official Receiver, which has been managing British Steel since it collapsed into compulsory liquidation in May. Confirmation of the deal between Systra and TSP will make it the first British Steel division to be sold to new owners since the group's collapse in the wake of a government decision not to provide further state funding.

Sky News revealed last week that the sale of TSP was being held up by the need for a secured lender to agree to the transaction. The lender PNC agreed to do so earlier this week.

Source : Sky News

voda 30 augustus 2019 13:19

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NLMK Orders 2 Gas Recovery Systems for Lipetsk BOF from SMS Group

NLMK Group has placed an order with SMS group for the delivery of two gas recovery systems for its Lipetsk site. Steelmaking shop no 1, which has three 160 tonne converters, is to be equipped with a switch-over station, a gasholder with a capacity of around 60,000 cubic meters, and a gas transfer station. Steelmaking shop no 2, featuring three 330 tonne converters, will be provided with a switch-over station, a gasholder with a capacity of around 90,000 cubic meters and a gas transfer station. The switch-over stations will be installed between the primary gas blowers and the gas flares. They consist of several special-purpose valves that were designed by SMS group and constructed specifically for cyclical converter operation. They allow the system to be safely switched between flare and gas recovery mode. Both gasholders are operated with a diaphragm seal, which is adapted to suit the fluctuating climatic and operating conditions. The new gasholders will enable all three converters to be operated, with two converters running simultaneously in gas recovery mode.

SMS group's scope of supply covers the engineering, delivery of components, and technical support for erection and commissioning.

Commissioning of the environmental facilities is scheduled for 2022.

Source : Strategic Research Institute

voda 30 augustus 2019 13:19

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Britain to Fund Steel Sector with Climate Change Package

Reuters reported that Britain announced GBP 390 million of spending for low carbon technology, most of which will go to the steel industry in a fund to help it reduce emissions. The announcement of GBP 250 million Clean Steel Funds was accompanied by a GBP 100 million fund to develop the production of hydrogen, which emits no greenhouse gas when burned. The remaining GBP 40 million will be spent on much smaller projects, including 150,000 pounds for a Scottish gin distillery heated by hydrogen instead of natural gas, reducing emissions by the equivalent of 18 cars. The funding is part of Britain’s efforts to meet its target to reach net zero greenhouse gas emissions by 2050 to help curb rising global temperatures.

Climate Change Minister Ian Duncan said “Developing hydrogen technology has the potential to not only reduce emissions from industry, but could also help us seize the opportunities of the global shift to cleaner economies.”

Source : Reuters

voda 30 augustus 2019 13:27

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Indian Steel Minister Seeks Japanese Investment in Steel Sector

Deccan Herald reported that Steel Minister Dharmendra Pradhan has sought enhanced technology and investment support from Japan for the domestic steel sector. He discussed bolstering energy ties between the two oldest democracies in Asia and sought increasing role of Japanese technology and investments into the Indian steel sector. The meeting assumes significance as steel companies in Japan have already shown interest to invest in India on manufacturing activities.

Mr Pradhan said that "We discussed leveraging Japanese technology and innovation for a stable, efficient and secure energy future for both nations. We also explored opening new avenues of cooperation in the areas of conventional, non-conventional and renewable energy sources to further meet our mutual energy objectives and ensure holistic and sustainable development of our economies.”

Source : Deccan Herald

voda 30 augustus 2019 13:28

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Mechel inks Met Coke & PCI Supply Deal with Steel Mont

Leading Russian mining and metals companies Mechel PAO has signed a major contract for coke and coal supplies with the international trading company Steel Mont. According to the agreement, before the end of 2020 Mechel will supply Steel Mont with up to 700,000 tonnes of products, including up to 350,000 tonnes of metallurgical coke produced by Moscow Coke and Gas Plant and up to 350,000 tonnes of PCI and anthracites produced by Southern Kuzbass Coal Company. The supplies will be shipped by sea through Port Mechel-Temryuk in Krasnodar Region as well as Russian ports in the North and Baltic Seas.

Mechel PAO’s deputy Chief Executive Officer Pavel Shtark said “We expect the demand for metallurgical coals and coke to remain stable despite global commodity market volatility. We are glad to see Steel Mont among our committed partners. This contract will enable Mechel to increase exports of our mining division’s output in the nearest accounting periods,”

Source : Strategic Research Institute

voda 30 augustus 2019 13:28

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SSAB Introduces Flexibility Measures in Finnish Operations

SSAB introduces flexibility measures and initiates employer-employee negotiations in its Finnish operations. The initiatives are due to a reduction in production volumes in the Nordic operations. The negotiations to be initiated concern potential temporary lay-offs in the Finnish operations, excluding Lappohja tube mill and the subsidiaries Ruukki Construction, Tibnor, Raahen Voima and Presteel. The negotiations can result in temporary lay-offs of a maximum of 90 days. The exact number of employees as well as the lengths of the temporary lay-offs will be decided in the negotiations. The negotiations will be started on September 2 and are expected to last for a minimum of two weeks.

SSAB’s subsidiary Tibnor has initiated negotiations to possibly reduce the workforce by a maximum of 35 employees during 2019. These negotiations apply to all Tibnor operations in Finland with the exception of the Järvenpää unit’s production employees. The negotiations will last for a minimum of six weeks.

Source : Strategic Research Institute

voda 30 augustus 2019 13:29

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Steel Sector in Pakistan under Severe Pressure

The Dawn reported that steel bar and flat products stakeholders in Pakistan are perturbed over slowdown in sales during July to August saying that most of the projects in public and private sector have been on hold coupled with rising prices of long and flat products. Former Senior Vice President, Karachi Iron and Steel Merchants Association, Mohammad Saeed Shafiq said sales of flat iron and steel products are down by at least 25-30% in the last few months owing to shrinking demand coupled with 40% increase in prices in the last one year because of massive rupee devaluation against the dollar and imposition regulatory duties and anti dumping duties on flat products. He said flat products are used by auto industry, water and oil tanker makers, pipe makers etc Auto sector is also facing sales crisis.

National Steel Advisory Council General Secretary Irshad Mowjee said at present inflation has eroded all margins and no company is making profits, gas prices have increased by 30% and the rupee devaluation has taken its toll as lots of inputs are import based. He said “It is very difficult for big businesses to curtail production as fixed costs are huge and closing down production is not feasible. We have to continue production and stocks are piling up. If this continues then we will be forced to cut production.”

He added “Gadani, which was supplying raw materials to a lot of small rolling mills, has become uncompetitive, leading to the closure of some small mills in Sindh and Balochistan. However larger units, that have more staying power, are living on the hope that things will turn around.”

Source : The Dawn

voda 30 augustus 2019 13:30

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BSE Ties Up with SUFI for Steel Futures

The Steel Users Federation of India has signed a Memorandum of Understanding with the BSE to help the later launch futures trading in steel. The BSE and SUFI will work towards enlisting steel futures in both long and flat steel to help industry players hedge the risk on the exchange platform. Ashishkumar Chauhan, Managing Director BSE, said “Synergy between the BSE and industry participants will help in the launch of new products.”

Mr Nikunj Turakhia, President Steel Users Federation of India, said the much-needed public participation in futures contracts will provide an equal chance for everyone to invest in the steel sector.

Currently, Indian Commodity Exchange is the only exchange that provides futures trading in long steel used largely in the infrastructure segment.

Source : Strategic Research Institute

voda 30 augustus 2019 13:30

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thyssenkrupp Materials Services expands use of digital platform toii

In 2017, thyssenkrupp Materials Services began to digitally connect its machinery network, using their self-developed IIoT platform toii. Now that the product has successfully proven its value, thyssenkrupp plans to make the potential of digital networking available to other industrial companies in the future. The name toii refers to two things: on the one hand it turns around the abbreviation IIoT (Industrial Internet of Things), on the other hand the name is pronounced like the word toy, calling to mind fun things. In that regard, toii makes it easy to connect machines of different generations and also allows connections between machines and IT systems - across locations worldwide. The goal is to make the production processes transparent, thus increasing quality and performance and at the same time automating more and more processes.

More than 30 thyssenkrupp locations are now working with toii - including companies from Materials Services, Components Technology and Steel Europe. Nearly 300 machines have been integrated into the system, including numerous slitting and cut-to-length lines, slitting lines for steel slabs, packaging lines, band saws, measuring systems and high-bay warehouses. In addition, there are numerous cranes, forklifts, wheel loaders and other vehicles in the network. In total, toii encompasses thousands of "Things" from the individual machine control panels to sensors to the manual measuring devices. The advantages are reflected in concrete figures. For example, a single plant in the production of slit strip and sheet can expect an increase in annual production of up to 10,000 tons. In other areas, production line downtimes have been reduced by up to 10 percent.

Although Materials Services developed toii especially for its own requirements, the platform can be easily integrated into the processes of other companies.

Source : Strategic Research Institute

voda 30 augustus 2019 13:31

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Canada Supports Steel & Aluminum Firms in Alberta

The Steel and Aluminum Initiative supports small and medium-sized businesses operating within Canadian steel and aluminum supply chains, helping them to respond to global market dynamics that impact their competitiveness. Funding supports investments in innovative projects that will enhance productivity and/or augment firm competitiveness. It offers non-repayable funding to western Canadian companies.

AHMS Inc, Nisku - Purchase and install equipment to develop and commercialize fluid end technologies. CAD 344,250

CW Carry Ltd, Edmonton - Purchase and install advanced manufacturing equipment to increase production capacity and efficiency. CAD 261,107

DFI Corporation, Edmonton - Design, engineer and manufacture pipe mill line equipment to enable entry into the wholesale piling pipe market. CAD 500,000

Endurance Technologies Inc, Calgary - Install advanced manufacturing equipment and software to increase processing capabilities. CAD 1,000,000

GT Metal Products Ltd, Edmonton - Purchase a brake press to reduce outsourcing costs, broaden product service offering, and increase operational efficiency. CAD 171,238

M.A. Steel Foundry Ltd, Calgary - Purchase and install a 3D sand printer and develop a marketing plan to increase productivity and expand capacity. CAD 466,000

Quantiam Technologies Inc, Edmonton - Design, assemble and test advanced metal-coating equipment that will enhance productivity and reduce production costs. CAD 773,368

Reggin Industries Inc, Calgary - Purchase and install ancillary equipment for a fiber laser system that will increase productivity and reduce costs. CAD 489,500

Southland Trailer Corp, Lethbridge - Expand manufacturing of gravel and highway trailers to an additional facility and implement a new production system, reducing waste and cost. CAD 822,150

Unitray Systems Inc, Edmonton - Design, purchase, and install a custom robotic welding system for increased manufacturing capacity. CAD 874,125

Source : Strategic Research Institute

voda 30 augustus 2019 15:21

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Pakistan ECC Approves Payment of Salaries to Employees of PSM & PMTF

Nation reported that Economic Coordination Committee of the Cabinet has approved to release salaries for the employees of Pakistan Machine Tool Factory and Pakistan Steel Mill. The ECC meeting, which was chaired by Dr Abdul Hafeez Shaikh, Adviser to the Prime Minister on Finance and Revenue, approved the proposals submitted by the Ministry of Industries & Production for payment of salaries to the employees of Pakistan Machine Tool Factory and Pakistan Steel Mill. The ECC has also approved a proposal of the Power Division for payment of electricity charges by the Government of Sindh as Thar subsidy for 4514 domestic consumers of Taluka Islamkot.

The ECC directed the Finance Division to release one month’s salary amounting to PKR 355 million for the month of June to the PSM employees and further authorise it to arrange for payment of projected net salary of Rs 4097 million to the PSM employees for the financial year 2019-20 to be disbursed every month to PSM.

Source : Nation

voda 30 augustus 2019 15:22

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Brazilian Domestic Steel Market Grow Due To Economic Doubts

The uncertainties surrounding Brazil's slowing economy are starting to affect the country's steel production and consumption, but the domestic steel distribution sector is apparently riding a wave of growth due to the situation. According to data from steel distributors' institute Inda, distribution of flat steel in Brazil rose 7.7% YoY in January to July. On the other hand, apparent steel consumption in the domestic market, comprising flat and long steels, decreased 1.5% in January to July compared to the same period of 2018. Flat steel output also dipped 3% YoY in the seven months, data from Brazil's steel industry association IABr show.

Inda superintendent Mr Gilson Santos Bertozzo told Bnamericas that "By comparing this data with effective analysis, it's easy to identify that the market's indecision related to the country's economy is making various companies stop purchasing directly at steel mills and acquiring products from steel distributors.” He added that "This explains why sales in distribution grew, while production and apparent consumption fell.”

The executive said that the steel distribution chain in the country has seen the same thing happen in other periods.

Source : BNamericas

voda 30 augustus 2019 15:22

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Nigeria Determined to Make Ajaokuta Steel Operational

This Day Live reported that Bureau of Public Enterprises has restated the Nigeria federal government’s determination to ensure that Ajaokuta Steel Company Ltd becomes fully operational. The Director-General of BPE, Mr Alex Okoh, gave the assurance in a statement signed by Amina Othman, the Head, Public Communications of the organisation in Abuja.

Mr Okoh said that the visit was to avail the team the opportunity to physically inspect the complex and get first-hand information on issues affecting the plant. He said that “I wish to state the willingness of President Muhammadu Buhari’s administration to resolve the on-going legal issues between the federal government and Global Infrastructure Nigeria Ltd. The government is also desirous to see that ASCL is completed and made operational with the support of the National Assembly, management of ASCL and other stakeholders.”

According to him, the team also inspected some major plants, installations and facilities in the Complex.

Source : This Day Live

voda 30 augustus 2019 15:23

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Nucor’s Sedalia Steel Plant to Open in November

More than 500 construction workers are building the USD 400 million Nucor steel facility north of the downtown area along Highway 65. Company officials plan to hire 250 workers with an average salary of USD 65,000 a year. Company officials said they have hired more than 150 people. Sedalia-Pettis County Economic Development Executive Director Jessica Craig said steel workers at the plant would use recycled scrap metal to make steel rebar. The new facility and high-paying jobs were transformative for Sedalia and surrounding communities. Some hired steelworkers will to work from as far away as Kansas City and Columbia.

Ms Craig said that “Wages to that amount are transformative, not just to Sedalia and Pettis county, but for our entire region..Nucor continues to draw their labor from about a 45 to 60-mile radius around Sedalia.”

The Nucor steel plant would be the main facility in Sedalia’s new Rail Industrial Park. A USD 10 million federal grant paid for the extension of existing railroad tracks to the park. The park would become one of the largest, exclusive rail-served industrial parks in the Midwest.

Source : KRCG TV

voda 30 augustus 2019 15:23

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USD 280 million Jury Verdict against Steel Hauler

What is believed to be the biggest jury verdict ever against a trucking company was handed down last week by a Georgia state court. According to various news reports, the jury in Columbus, Georgia awarded a USD 280 million verdict against Schnitzer Southeast and Schnitzer Steel. The facts of the wreck are gruesome a grandmother and her twin sister, her grown daughter and that woman’s two children were all killed in July 2016 when a Schnitzer truck hit their car head on. Although the case was filed in Georgia the collision occurred in Russell County in east Alabama on US Highway 80.

A USD 101 million award handed down last year in Texas against FTS International had been assumed to be the biggest verdict ever awarded against a trucking company. The Georgia verdict is more than 275 percent the size of the Texas award. The verdict was the largest award ever handed down in Muscogee County, according to news reports.

Source : Freight Waves

voda 30 augustus 2019 15:29

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Maccari Steel Optimistic about Pt Lisas steel plant

Maccari Steel Holdings Ltd remains optimistic that it will be successful in its bid to restart, rehabilitate and operate the former Arcelor Mittal plant in Point Lisas. The plant was closed in March 2016, beginning liquidation proceedings soon after to pay off its reported USD 1.3 billion debt. Most of this debt was owed to its parent, the ArcelorMittal group, which is based in Luxembourg.

Maccari investor Unanan Persad said the plant was first sold to NuCor last year for USD 20 million. But he added that NuCor was not using the plant in its entirety and eventually withdrew. He thanked the Government for not granting a commercial licence to NuCor because it was not going to use the entire plant.

But Persad said the Government indicated it could not intervene because this was a private matter.

After NuCor withdrew, Mr Persad said, Maccari submitted a USD 27 million bid for the plant. In May, Maccari came in second to Aeternus Steel Holdings Ltd, a joint venture between local company Integrus Group and Dubai investors Cassia Group, with a bid of USD 41 million for the plant. He said Aeternus also withdrew because it was not using the entire facility. He said liquidator Christopher Kelshall approached Maccari to find out if it was still interested in the steel plant. Maccari demonstrated its continued interest with a USD 180 million offer to restart, rehabilitate and operate the plant. This information was contained in a letter sent to Kelshall on June 18.

Source : NewsDay

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