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[verwijderd] 16 september 2019 15:10

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voda schreef op 16 september 2019 13:42:
ArcelorMittal wil waterstoffabriek in Hamburg bouwen

ArcelorMittal heeft zich als gegadigde gemeld voor de bouw van de waterstoffabriek in Hamburg, die de grootste ter wereld moet worden. Directeur Uwe Braun van de ArcelorMittal-locatie in Hamburg zegt dat in een interview met de Duitse zakenkrant Handelsblatt.

Het plan van de wereldmarktleider komt nog geen twee weken na de bekendmaking van Michael Westhagemann, de partijloze stadsminister van Hamburg, dat de Duitse havenstad graag ook de thuishaven wil zijn van grootste waterstoffabriek ter wereld.

Concurrerende plannen

In de zwarte industrie wemelt het van waterstofplannen, maar tot dusver zijn de intenties niet verder gekomen dan de tekentafel. Concurrent Tata Steel en Dow Chemical koesteren al langer ambities op waterstofgebied.

ArcelorMittal in Hamburg heeft onlangs opdracht gegeven voor een technisch ontwerp voor een speciale bakoven waarin met behulp van waterstoftechnologie van ijzererts halffabricaten als pellets en sinters kunnen worden gemaakt die nodig zijn voor de productie van vloeibaar ijzer en staal zonder dat dit gepaard gaat met de uitstoot van het broeikasgas CO2. 'Over ongeveer vijf jaar willen we dit proces gebruiken om 100.000 ton blokjes ijzer per jaar te produceren', aldus Braun.

Klimaatneutraal staal

Het project gaat het staalconcern €65 mln kosten. De bakoven wordt ontworpen door technologiebedrijf Midrex, dochter van de Japanse staalfabrikant Kobe Steel dat in de jaren zeventig van de vorige eeuw ook al betrokken was bij het ontwerp van de huidige bakoven in Hamburg waarin met behulp van aardgas ijzererts wordt omgevormd tot de ingrediënten. ArcelorMittal wil op termijn de met waterstof vervaardigde pellets samen met schroot in een elektrische oven tot staal om te smelten. Dat kan klimaatneutraal gebeuren zodra voldoende groene waterstof beschikbaar is dat met stroom uit windenergie moet worden gemaakt. 'Tegen 2050 willen we klimaatneutraal staal maken', aldus Brown.

Met sublinks in het artikel, zie link:

fd.nl/ondernemen/1317030/arcelormitta...

Arcelor Mittal is hier niet uniek in.
Staalfabrieken en waterstof-fabricage lijken goed bij elkaar te passen.
Iets meer over waterstof fabriceren, o.a. bij Hoogovens in de Ingenieur.
www.deingenieur.nl/artikel/tata-steel...

voda 16 september 2019 16:04

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Staalproducent Nucor verwacht zwak derde kwartaal.

(ABM FN-Dow Jones) Het Amerikaanse staalbedrijf Nucor verwacht dat het over het derde kwartaal een winst tussen de 0,75 dollar tot 0,80 dollar per aandeel zal halen. Dat maakte het bedrijf maandagmiddag bekend.

De winst die Nucor verwacht is flink lager dan de 1,26 dollar per aandeel die het bedrijf in het tweede kwartaal verdiende en de zelfs 2,13 dollar per aandeel in het derde kwartaal van 2018.

Die winst vorig jaar werd overigens vertroebeld door eenmalige posten, zowel positief als negatief.

Dit jaar staan de inkomsten in het derde kwartaal onder druk door lagere staalprijzen, waardoor de marges ook onder druk staan.

Het aandeel Nucor verliest maandag voorbeurs 1,1 procent tot 53,06 dollar per aandeel.

Door: ABM Financial News.
info@abmfn.nl
Redactie: +31(0)20 26 28 999

© Copyright ABM Financial News B.V. All rights reserved.

voda 16 september 2019 16:10

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Kone CEO Wants Full Merger with Thyssenkrupp Elevator Unit

Bloomberg reported that Kone Oyj’s Chief Executive Officer Mr Henrik Ehrnrooth wants a full merger with Thyssenkrupp AG’s elevator unit, as the Finnish firm prepares a bid for its German rival’s crown jewel that could thwart interest from private equity. Mr Ehrnrooth would like Thyssenkrupp to be a major shareholder in the combined entity, he said in an interview with Bloomberg News in Helsinki. He sees significant synergies from a merger and believes potential antitrust hurdles that make the German firm’s management cautious about a deal can be overcome. Mr Ehrnrooth said that “The complementary fit of these two companies is just second to none. Clearly, we would welcome Thyssenkrupp as an owner in this new entity and that way share the long-term benefits with us.”

Crisis-hit Thyssenkrupp is preparing to sell a stake or list some of the elevator unit to raise much-needed cash. Potential suitors for the division, a high-margin business that’s profiting from a global mega-trend of urbanization, include rivals like Kone and around 10 private equity firms. Thyssenkrupp CEO Guido Kerkhoff has signaled to private equity bidders that he would prefer to sell a minority stake in the elevator unit to them. That way, the company could retain some control and swerve the kind of issues with competition regulations that torpedoed the planned steel joint venture with Tata Steel Ltd.

Source : Bloomberg

voda 16 september 2019 16:11

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Steel Ministry Assures Raw Material Supply to Steel Manufacturers

Business Line reported that the Steel Ministry would ensure that raw material demands of steel manufacturers, especially secondary steel producers, are met when the mining leases expire in 2020. Minister of Petroleum & Natural Gas and Steel, Mr Dharmendra Pradhan said that the Steel Ministry is working with Ministry of Mines for least disruption in the process and is developing a roadmap for auction of mines. Mr Pradhan said that the Ministry is also exploring ways to build in clearances along with the leases so that the new lease holders need not go for clearances again.

Mining leases for coal and iron ore are slated to expire during March 2020.

Source : Business Line

voda 16 september 2019 16:11

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JSW Steel hikes Export Target

Bloomberg reported that JSW Steel is looking outward as the slowest economic expansion in six years cuts demand in India and puts pressure on margins. Joint Managing Director Seshagiri Rao in an interview said that JSW Steel expects to exceed its export target of 2.2 million tonnes to 2.4 million tonnes for the fiscal year after having seen the slowdown in the domestic demand. Mr Rao said that “There has been a substantial increase in inventories, indicating falling demand in the last two months. For the full year, growth will be slower than the earlier estimate of 6.5% to 7%.”

Mr Rao further said that “What we are hearing is that a lot of companies, particularly sponge iron players, pellet players and lot of secondary players are either cutting down or moderating production. Only the big players are still continuing and trying to sell and reduce inventories. If demand doesn’t recover in the second half, then primary producers may have to review their production plans.”

Source : Bloomberg

voda 16 september 2019 16:13

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Indian Government to Allot Mining Leases through Auction - Report

IANS reported that in a setback for the mining industry, the government is set to reject a proposal to extend non-captive mining leases of companies that are expiring after completing 50 year period in March, 2020. Sources said a high level committee set upon by Niti Aayog to identify key challenges of the sector and negate their impact has recommended that all existing mining lease of companies that have completed 50 years of operation will expire on March 31, 2020 and these would then be allocated through an auction process to be conducted in the January-March and the government is set to implement these recommendations.

The committee has said in its report "The committee took note of the fact that these mines have known reserves and their period of lease will come to an end on 31-03-2020 as per MMDR (Amendment) Act, 2015 was also known. The legislature had already given a time of 5 years to ward off any situation causing disruption in supplies to local industry. Therefore, extension of time for continued operation of these mines is not desirable."

The move will impact about 334 mines belonging to companies such as Tata Steel, Vedanta Limited, Essel Mining, VM Salgaocar and Rungta Mines in 10 states that are facing expiry of lease and closure by March next year under current regulations. Of these 46 working mining leases have a significant contribution to the production of iron ore, manganese ore and chromite ore in the country.

The mining industry had sought extension of leases of all operational non-captive mines for a period of 10 years beyond 2020 with another 20 years extension to be considered beyond this period. This, they felt, was necessary to prevent disruption in production while allowing full exploitation of resource available in a mine.

Source : IANS

voda 16 september 2019 16:13

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JSW Steel Moves NCLAT Over BPSL Assets

JSW Steel on September 13th 2019 challenged an order of the National Company Law Tribunal that approved its INR 19,700 crore bid for Bhushan Power and Steel, but did not provide immunity from attaching the insolvent firm’s assets, post-take over, by investigating agencies for recovering INR 5,580 crore fund digression by erstwhile promoters. Mentioning JSW Steel’s plea under section 61 of the Insolvency and Bankruptcy Code that allows any person aggrieved with the NCLT order to appeal before the NCLAT, senior counsel Kapil Sibal said that “So far as I (JSW Steel) am concerned, my asset is not proceeds of crime. The assets I acquire can’t be taken away.”

In its application, JSW Steel urged, “No penal liability or attachment of assets of the corporate debtor should occur on account of proceedings by CBI or ED for actions taken by the corporate debtor under its previous management prior to take over by JSW Steel.”

The two-member NCLAT bench, headed by its chairperson justice S J Mukhopadhaya, has scheduled the matter for hearing on September 16.

Based on forensic audit investigation findings, Punjab National Bank and Allahabad Bank had in July this year reported INR 3,805 crore and INR 1,775 crore frauds respectively to the Reserve Bank and made a total of INR 2,800 crore provisions as per the prescribed prudential norms. Both the lenders found that BPSL has misappropriated bank funds, manipulated books of accounts to raise funds from consortium of lenders. CBI filed FIR, on suo muto basis, against BPSL and its directors.

Source : Strategic Research Institute

voda 16 september 2019 16:14

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Indian Steel Ministry urges steel industry to be competitive & improve quality of products

Financial Express reported that Union Steel Minister Dharmendra Pradhan urged industry players to improve the quality of their products in order to become more competitive in the global markets. In a meeting with the CEOs of steel industry, Mr Pradhan also said the domestic industry has come a long way in terms of capacity building, quality assurance and technology up gradation. He said that “The industry has to mark its place in the world, by being more competitive, improving the quality, and undertaking more exports.”

The minister who recently led a delegation to Russia to discuss bilateral cooperation in the areas of oil and gas, steel and coal informed the industry players that there are large scope and demand for Indian products in the international markets. The industry must do more value addition and fulfil the requirements of the niche sector, he said, adding that the industry also needs to diversify its sources of raw material procurement so as to bring down the costs.

Source : Financial Express

voda 16 september 2019 16:15

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ArcelorMittal to Cooperation with Equinor in Reduce CO2 Emissions

World’s leading steel and mining company ArcelorMittal has signed a memorandum of understanding with international energy firm Equinor to develop value chains in carbon capture and storage. Equinor is a partner in the Northern Lights project, together with partners Shell and Total, which includes transport, reception and permanent storage of CO2 in a reservoir in the northern part of the North Sea. ArcelorMittal committed to the project with Equinor at a ceremony in Oslo, where the European Commission is hosting a High-Level Conference on Carbon Capture and Storage together with the Norwegian Ministry of Petroleum and Energy. Now, memorandums of understanding have been signed between Equinor and ArcelorMittal, as well as Air Liquide, Ervia, Fortum Oyj, HeidelbergCement AG, Preem, and Stockholm Exergi.

As part of the project, ArcelorMittal which has an ambition to be carbon neutral by 2050 within Europe has committed to a number of joint activities including the development of logistics, exploring potential commercial models, and advocating on the topic of carbon capture and use and CCS, as an important part of the successful decarbonisation of European industry. The company’s primary role will be the capture of CO2 gas from its blast furnaces.

Source : Strategic Research Institute

voda 16 september 2019 16:20

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Aichi Steel Collaborates With Vardhman Special Steel

Economic Times reported that Japanese steel manufacturer Aichi Steel has collaborated with Ludhiana based Vardhman Special Steel a partnership that is expected to give a fillip to foreign investment and boost the country's crude steel capacity. Aichi Steel an affiliate of Japan's Toyota Motor Corporation would introduce cutting edge technology in the state through Vardhman besides improving quality of its products, reducing operational cost and bring process efficiencies..

Disclosing this an official spokesperson said that earlier to this development, deliberations between Chief Minister Amarinder Singh and Ambassador of Japan to India Kenji Hiramatsu were taken place thrice at New Delhi and Chandigarh regarding industrial and investment scenario in Punjab. He said that this partnership was aimed at achieving sustainable growth with 'make in Punjab' vision of the chief minister.

This partnership will also set a significant precedence for other players in the region to augment their product portfolio with similar technological collaboration with international companies.

Source : Economic Times

voda 16 september 2019 16:21

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Central Indiana Steel Distribution Center Being Shut Down

The State quoted an official as saying that a central Indiana steel distribution center will be shutting down and putting up to 50 people out of work. Anderson economic development director Mr Greg Winkler said that he met this week with workers at Mill Steel's facility, offering to help them find jobs with other companies. The (Anderson) Herald-Bulletin reports the Grand Rapids, Michigan-based company cited a decline in demand for its flat-rolled carbon steel products for the closure that could happen this month.

The center's closing comes a year after Vice President Mike Pence visited Mill Steel's Grand Rapids plant, touting the Trump administration's steel tariffs as boosting the US steel industry.

Source : The State

voda 16 september 2019 16:21

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ArcelorMittal Kryvyi Rih Could Stop Iron Ore Mines in Ukraine - Deputy CEO

112 International quoted Mr Volodymyr Tkachenko the deputy CEO ArcelorMittal Kryvyi Rih as saying that Ukraine's largest metallurgy factory ArcelorMittal Kryvyi Rih might be forced to shut down its iron ore mine if the Ukrainian Parliament increases the rent price, according to draft bill No 1210. He turned to the workgroup of the parliamentary Committee for Tax and Customs Policy. He said that the offered changes to the legislative basis of taxation during the iron ore production would have negative consequences.

He said that "If the government wants the raw ore procession to make 100% percent, it will. But then, we'll have to cut the volumes of the ore production. We've got open quarries and a mine, but we'll have to shut it down. More than a thousand people work there now.”

Source : 112 International

voda 16 september 2019 16:22

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Manila Customs Chief Orders Tight Watch On Steel Imports

Manila Times reported that BUREAU of Customs Commissioner Mr Rey Leonardo Guerrero ordered a tight watch on all incoming imported steel bars amid reports that substandard steel products continue to flood the country. Assistant Customs Commissioner Vincent Philip Maronilla told The Manila Times said that “Commissioner Guerrero ordered that all steel importations be subjected to post clearance audit and to do excessive profiling on importers. Strict instructions were also made on the ground on the entry of steel products. Commissioner Guerrero is taking seriously the information of Presidential Anti Corruption Commission Chairman Dante Jimenez and would not take the matter sitting down under his leadership.”

He said the implications were not just on Customs and the DTI, but on the structural integrity of buildings that puts people in grave danger.

This is in reaction to the paper’s report on Friday that top officials of the Department of Trade and Industry and BoC were allegedly in collusion with big steel manufacturers in facilitating the entry of substandard steel, which deprives the government of billions of pesos in taxes and duties.

Source : Manila Times

voda 16 september 2019 16:23

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Worker Dies at Precoat Metals

Al Com reported that a man was killed late Friday morning in an industrial accident in Hueytown. The incident happened at 11:53 AM at Precoat Metals coil coated metal business - on Davey Allison Boulevard. According to authorities, the worker died when he became pinned between two large steel coils. The victim’s name has not been released, but police said he was an adult black male. He was pronounced dead on the scene.

No additional information was immediately released.

Source : AL.com

voda 16 september 2019 16:23

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USITC keeps Anti Dumping Duty on Import of Large Dia Pipes from Japan

The US International Trade Commission has determined that revoking the existing antidumping duty order on imports of certain welded large diameter line pipe from Japan 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 Japan will remain in place.

This action came under the five-year sunset review process required by the Uruguay Round Agreements Act. The five-year (sunset) review concerning Welded Large Diameter Line Pipe from Japan was instituted on September 4, 2018. On December 10, 2018, the Commission voted to conduct a full review. Chairman David S. Johanson and Commissioners Irving A. Williamson, Meredith M. Broadbent, Rhonda K. Schmidtlein, and Jason E. Kearns concluded that both the domestic and the responded group responses were adequate and voted for a full review.

Source : Strategic Research Institute

voda 16 september 2019 16:24

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Feng Hsin Rebar Sales to Neutralize Declines Elsewhere

Feng Hsin Steel Co said that additional public infrastructure projects and building permits would boost its rebar sales this year, offsetting a decline in round bar and merchant bar sales. Mr Potter Chuang marketing department manager told an investors’ conference in Taipei said that rebar sales climbed 13.49% YoY in the first eight months, while sales of merchant and round bars dropped 13.2% and 29.34% respectively. However, the nation’s steel market remains sluggish, as overall imports and exports of scrap, rebar, merchant bars and round bars have all declined this year,

Mr Chuang said that “We have seen the largest declines in sales and profits since the financial crisis in 2008.”

Source : Taipei Times

voda 16 september 2019 16:24

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Metinvest is Likely Buyer of Poland’s Huta Czestochowa Steel Mill

Industrial Union of Donbas ISD Polska has said it considers Metinvest Group as the most acceptable and promising option for the bankrupt Huta Czestochowa still mill in Poland. ISD Polska Board Chairman Konstanty Litwinow by telephone from Poland on Friday told the Interfax-Ukraine that Metinvest is the most optimal potential investor involved in new proposals in the bankruptcy lawsuit of the Polish metal enterprise. Mr Litvinov did not specify new circumstances and requirements for potential investors of the steel mill, but noted that Metinvest has long been interested. He added that “They have long been interested in the enterprise. They visited us, did due diligence, so they have a complete picture of the situation.”

Mr Litwinow said for Metinvest the acquisition of the Polish steel mill is a logical continuation of the chain for the production of metallurgical products, which can be sold on the European market.

Source : Open4Business

voda 16 september 2019 16:29

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Indian Steel Ministry urges steel industry to be competitive & improve quality of products

Financial Express reported that Union Steel Minister Dharmendra Pradhan urged industry players to improve the quality of their products in order to become more competitive in the global markets. In a meeting with the CEOs of steel industry, Mr Pradhan also said the domestic industry has come a long way in terms of capacity building, quality assurance and technology up gradation. He said that “The industry has to mark its place in the world, by being more competitive, improving the quality, and undertaking more exports.”

The minister who recently led a delegation to Russia to discuss bilateral cooperation in the areas of oil and gas, steel and coal informed the industry players that there are large scope and demand for Indian products in the international markets. The industry must do more value addition and fulfil the requirements of the niche sector, he said, adding that the industry also needs to diversify its sources of raw material procurement so as to bring down the costs.

Source : Financial Express

voda 16 september 2019 16:30

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thyssenkrupp Materials Services Spin-off Paves the Way for Industry 4.0

Materials Services has now consolidated its know-how in the area of production process digitalization in thyssenkrupp Materials IoT GmbH, or tkMIoT for short, with the aim of supporting other companies in their transition to digitalized production. Materials Services is passing on its knowledge to customers, enabling them to benefit from the experience it has gained in the optimization and automation of production processes over the past 15 years. One of the first core products is toii. The IIoT platform developed in-house creates the conditions for machines of different makes and generations to communicate with each other around the world. The aim is to automate processes along the entire supply chain and make them more efficient.

Mr Axel Berger CEO of tkMIoT said that "With toii® we have succeeded in bringing the digital transformation to the core area of our business: in the plant shops, machinery and warehouses. We now want to help other companies take this step too." Materials Services has successfully implemented toii® at more than 30 sites since 2017. One plant has increased its annual production by almost 10,000 tons while other locations have reduced downtimes by up to ten percent.

Mr Axel Berger added that "The pace of innovation has picked up significantly in recent years and processes are becoming increasingly digitalized and connected. In this environment it is becoming more and more important for companies to have competent partners they can rely on for innovative solutions to help secure competitive advantages and gain a foothold in Industry 4.0. We established tkMIoT to respond to this need. The step is also an important component in the further strategic development of Materials Services: With its Materials as a Service approach, the largest materials distributor & service provider in the western world is systematically expanding its service portfolio.

Source : Strategic Research Institute

voda 16 september 2019 16:45

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Weir Wins Record GBP 100 Million Order for Australian Magnetite Iron Ore Project

One of the world's premium providers of highly engineered mining equipment and services Weir Group PLC has been awarded a GBP 100 million order to provide industry-leading energy saving solutions to the Iron Bridge Magnetite Project, a JV between Fortescue Metals Group Ltd subsidiary FMG Magnetite Pty Ltd and Formosa Steel IB Pty Ltd. The Project is located 145km south of Port Hedland in the Pilbara region of Western Australia. The order, which includes a range of Weir crushing and pump equipment including Enduron High Pressure Grinding Rolls and GEHO pumps, will reduce energy consumption and wet tailings waste by more than 30% compared to traditional mining technologies. The Iron Bridge project is a USD 2.6 billion investment in premium magnetite iron ore reserves with annual production, when the mine is fully operational, of 22 million wet metric tonnes per annum. Delivery of the first ore is expected in 2022.

Responding to the award, Weir Group Chief Executive Officer, Jon Stanton said that "We are delighted to have secured this landmark contract, which is Weir's largest-ever individual mining order. Fortescue challenged us to help create one of the most energy and cost-efficient magnetite ore processing facilities in the world. Our engineers have worked relentlessly to design a solution that is truly innovative delivering significant energy, water and cost savings. This is a great example of working in close partnership with an ambitious customer who shares our passion for using innovative engineering to make mining more productive and sustainable."

Source : Strategic Research Institute

Vertraagd	25 feb 2025 17:36
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Volume gisteren	1.746.632

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