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voda 19 november 2019 18:29

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corporate.arcelormittal.com/news-and-...

voda 19 november 2019 18:58

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Steel supportive scrap rebound could be short-lived: Irepas

The scrap market has seen a fairly decent rebound and solid demand with balanced availability, but its sustainability is uncertain due to the lack of finished product demand. So says the International Rebar Exporters and Producers Association (Irepas) in its monthly short-range outlook published last week.

In a “…confusing” long products market environment, blast furnace raw materials are getting cheaper while scrap prices are rising, along with rebar and hot rolled coil prices, the association says. Customers are making inquiries for longer than they normally should and mills, incurring greater losses than they can afford, are halting production and have stopped offering.

“However, the current price increase should not hold long because the real problem is demand,” says Irepas.

The supply chain has been low on scrap inventory, which has meant that restocking has pushed international prices higher. China is meanwhile driving the international prices of basic pig iron, hot-briquetted iron, HRC and billet/slab, thereby realigning flows and supply-demand.

Chinese buying activity is supporting the steel sector heading into the winter period when emissions regulations will be stricter. Internal steel consumption in China remains high and the country is not increasing exports. “The situation in China looks good at least until the Chinese New Year holidays,” Irepas observes.

“Long product prices should move in line with scrap prices which have begun to bottom,” Irepas continues. “The lack of competitive import options should help EU mills to raise prices shortly. Demand in some EU countries remains strong but has been weakening in others.”

Freight is being impacted by the IMO 2020 regulation, meaning long-distance shipments will be more expensive. The regionalisation of trade therefore continues further. Lead times are very short and no one wants to hold unnecessary inventory.

The level of global competition remains intense due to the lack of demand in major markets like the EU and US. “Overcapacities are preventing prices from bouncing back. Indian, Turkish, Russian, Brazilian and Southeast Asian suppliers are competing for every dollar in China,” Irepas concludes.

Despite Irepas’ altogether not optimistic outlook, Turkish imported scrap levels remain at some $260/tonne CFR for HMS 1/2 (80:20 blend). The current price is still the lowest registered by the Kallanish price index since April 2017. A slight further recovery and stabilisation could well be expected to further realign the cost of scrap to the price of other raw materials such as iron ore.
HMS

Voor meer, zie link

kallanish.com/en/weekly-steel/weekly-...

voda 20 november 2019 16:17

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Indian Per Capita Stainless Steel Consumption Touches 2.5 KG

Union Minister of state for steel Minister of State for Steel Faggan Singh Kulaste has urged the stainless steel industry to increase production and make India a global manufacturing hub in the coming years. The Minister Mr Kulaste while inaugurating the 30th Anniversary conference of Indian Stainless Steel Development Association said that “At present with total production of 3.74 Million tonnes of stainless steel during the year 2018-19 India is the second largest producer of stainless steel. Presently China is the world’s largest stainless steel producer. Per capita consumption of stainless steel in India has reached 2.5 kg-mark. In 2010, the per capita consumption of steel was 1.2 kg.”

Mr Kulaste added that "Growth rate of stainless steel demand in India is to the tune of 6-7 per cent CAGR, which is also among the highest in the world, as stainless steel demand is directly linked to economic growth. Stainless steel not only has a low life cycle cost, but also improves overall quality of life.”

Source : Strategic Research Institute

voda 20 november 2019 16:18

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Arcelor Mittal Hearing on ILVA Appeal on November 27

Following the recent application by Ilva’s commissioners to the Court of Milan for interim measures concerning the Taranto steel plant, AM InvestCo Italy has the court ruling and welcomes the decision by the Court not to grant the request to issue a provisional order without first hearing all parties. A court hearing has been scheduled for 27th November.

AM InvestCo will follow the Court’s invitation to pause implementation of the orderly and gradual suspension of operations pending the interim measures proceedings. This suspension process was in line with international best practice and would in no way have damaged the plant or compromised its future operability.

Source : Strategic Research Institute

voda 20 november 2019 16:21

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China Launches Probe into Steel Capacity

China has started investigating production capacity at its steel mills amid increasing worries about the rapid growth in output this year, according to a notice circulated online. The notice jointly issued by the National Development and Reform Commission, Ministry of Industry and Information Technology and the National Bureau of Statistics urges local governments and the State-owned Assets Supervision and Administration Commission to verify the steel firms’ capacity, production and fixed-asset investments.

The notice said that local governments will check the mills under their administration while SASAC will look into national steel firms.

China has eliminated more than 150 million tonnes of steel capacity over the past three years as part of its environmental crackdown and supply-side reforms. However, the amount of steel churned out by the world’s top steelmaker in the first ten months of 2019 rose 7.4% from the year earlier period.

Source : Strategic Research Institute

voda 20 november 2019 16:23

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Siemens to Build PEM Electrolyzer for Salzgitter AG

Salzgitter Flachstahl GmbH has awarded the contract to build a 2.2 MW Proton Exchange Membrane PEM Electrolyzer to Siemens Gas and Power, marking an important step towards hydrogen-based steelmaking. The plant is due to commence operation in the 4th quarter of 2020 and cover SZFG’s entire current demand for hydrogen. The necessary electrical power will be generated by seven wind turbines with a capacity of 30 megawatt. These will be erected by Avacon AG on the Salzgitter Group site and will likewise enter service from 2020. The heart of the PEM electrolysis plant is the Silyzer from Siemens. The innovative PEM technology is ideally suited to exploiting the volatile generation of wind and solar power.

The cost of the project as a whole – including the construction of the wind turbines and the hydrogen plant and connecting these to the existing supply networks amounts to around 50 million euro. Hydrogen has long played a role in steelmaking, in enhancing the quality of annealing processes. The gas is currently supplied by Linde AG, and this company will in future continue to safeguard Salzgitter’s own production.

A containerized plant will be erected in Salzgitter which at full capacity will produce 400 Nm3 of hydrogen. PEM technology is ideally suited to exploiting the volatile generation of wind and solar power. The highly dynamic mode of operation allows the plants to respond to demands resulting from the rapidly fluctuating power supply.

Source : Strategic Research Institute

voda 20 november 2019 16:23

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JFE Steel and BaoWu form Specialty Bar Steel JV in China

JFE Steel Corporation and China BaoWu Steel Group’s Guangdong Shaoguan Iron and Steel Songshan Co Ltd have reached an agreement under which JFE Steel will obtain a 50% share of Baosteel Special Steel Shaoguan Co Ltd, a 100% subsidiary of SGIS, to launch a joint-venture company with SGIS for the production and sale of specialty bar steel. BSSS has a proven record of producing and selling specialty bar steel in China and JFE Steel has established a long-term relationship of trust with the BaoWu Group through other joint ventures, both of which were key factors in the decision to form the new joint venture.

In the near future, JFE Steel will enter into a formal equity-transfer and joint-venture contract with SGIS and thereafter acquire equity in the company once the relevant authorities approve the acquisition with respect to competition laws.

Supported by JFE Steel’s production and quality-control expertise, the new company is expected to meet local needs for high-grade specialty bar steel, with a primary focus on Japanese customers

Overview of Joint Venture Company
BaoWu JFE Special Steel Co., Ltd. (tentative)
Specialty bar steel (primarily for automotive uses)
Approximately 1.1 million tons/year
Approximately 500 (2018)
Shaoguan, Guangdong Province
Ownership JFE Steel Corporation: 50% (from SGIS)
Guangdong Shaoguan Iron and Steel Songshan Co Ltd 50%

Source : Strategic Research Institute

voda 20 november 2019 16:31

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Mr Pascal Genest is new CEO of Liberty Ostrava

From 1 December 2019, Mr Pascal Genest will become the new CEO of Liberty Ostrava. Mr Pascal Genest graduated from the Polytechnic School of Mathematics and Science, is a civil engineer from Ecole Nationale des Ponts et Chausées and holds an MBA from Harvard Business School. He has many years of experience in the steel industry in various parts of the world, including fourteen years in the leading positions of steel companies when he was in charge of strategic growth and transformation of enterprises. Most recently, he worked as CEO of a leading Middle East steel company. Pascal Genest also has experience in the aluminum industry and in the private investor sector.

Mr Ashok Patil, the current CEO and Chairman of the Board of Ostrava, will be appointed Economic Director of the recently acquired European steel business group Liberty Steel Continental Europe on the same date. The current CEO of Ashok Patil will newly manage the economy of the entire Liberty Steel Continental Europe Group, and will work on the further development and growth of the newly acquired European steel companies with the Group CEO Jon Bolton.

Source : Strategic Research Institute

voda 20 november 2019 16:32

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GMS Market Commentary on Shipbreaking in Week 46 - Rollercoaster Ride

After several weeks of all pervading negativity off of the back of slumping Bangladeshi steel plate prices, the rollercoaster nature of the international ship recycling markets was on full display this week, as prices and sentiments once again started to step towards being positive. Indeed, so troubled was the market in Chittagong that the Bangladesh Shipbreakers Association tried to form a cartel and impose a price ceiling of USD 350/LT LDT on any available units. This, expectedly, shifted the focus of Ship Owners and Cash Buyers towards the Indian and to an extent Pakistani market, where there was at least a modicum of stability as all else was failing, despite some mid-week Rupee wobbles. On the far-side, Turkey still continues on, albeit leaving Turkish Recyclers in a tricky position, as plate prices stay steady near the USD 270/MT market, with no meaningful tonnage to bid on.

It now appears that there could be an increase in potential tonnage for sale from Owners, as the end of the year looms and the new Sulphur regulations come into effect from January 2020. However, rather than drip feeding tonnage into a relatively barren market over the course of the year, the fear is that a potential deluge of older vessels particularly with surveys due may now start to hit the market, putting downward pressure on prices once again.

Freight rates, particularly on tankers, remain impressive, whilst containers and dry bulk sectors have now started to display the first signs of cooling off, perhaps ahead of a lower end to the year, leading into the first quarter of 2020.

As such, many will be hoping for a positive and improving recycling market going into 2020 and the hope is that we have probably seen the worst of the falls and negativity, with about USD 100/LDT lost from all subcontinent recycling locations over the course of the year.

Source : Strategic Research Institute

voda 20 november 2019 16:33

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Metalloinvest Supplies Millionth Tonne of Wheel Billets to OMK

Metalloinvest Ural Steel has supplied the millionth tonne of wheel billets for the production of railway wheels to Vyksa Steel Works. The shipment took place as part of a ten-year contract signed in early 2017 between Metalloinvest and OMK. Wheel production at VMZ has undergone a complete transition to using steel billets made by Ural Steel following the decommissioning of VMZ’s open-hearth production facility at the beginning of 2018.

To mark the first million tonnes, Mr Nazim Efendiev, First Deputy CEO and Sales Director of Management Company Metalloinvest, awarded a commemorative gift to Eduard Stepantsov, Head of the Commercial Department at OMK. The ceremony took place as part of Metal-Expo’2019, the 25th International Industrial Exhibition.

Mr Nazim Efendiev, First Deputy CEO and Sales Director of Management Company Metalloinvest, commented that “Our longstanding partnership with OMK is an example of successful collaboration between steelmaking enterprises. We guarantee stable supplies and high-quality products on a long-term basis for our partners. This enables OMK to confidently increase production volumes and expand the range of railway wheels they produce.”

Eduard Stepantsov, Head of the Commercial Department at OMK, remarked: “Ural Steel and VMZ have enjoyed a strong partnership for over 20 years. We are very proud to have now reached the first major milestone in the supply of VMZ with steel to produce railway wheels. The supply has resulted in improved quality of wheel products made by OMK and record production levels.”

Source : Strategic Research Institute

voda 20 november 2019 16:45

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Avic Shaanxi Hongyuan Commissioning World Largest Clutch Operated Screw Press from SMS

AVIC Heavy Machinery Co Ltd China-based subsidiary AVIC Shaanxi Hongyuan Aviation Forging Co Ltd in partnership with SMS group, has put the world's largest clutch-operated screw press into operation at its site in Xi’an in Shaanxi Province in China. The SPKA-type clutch operated screw press, which was supplied by SMS group, has a screw diameter of 1,330 millimeters, a hard on hard blow force of 365 MN, a gross power of 27,000 kJ, and a weight of 2,900 tonnes. It is already the worldwide third clutch-operated screw press of this size supplied by SMS group, and exceeds with its performance data the other two existing presses delivered before. The clutch-operated screw press from SMS group offers tremendous flexibility when it comes to optimizing the forging process, and requires far less stroke to achieve the preset ram speed than a conventional slipping-wheel screw press. The maximum ram speed is attained after just ten percent of the ram stroke, and remains at a constant level until the ram hits the part being forged.

This type of press is particularly suitable for high-energy forging as typically used for turbine blades or structural aircraft components, for example.

AVIC Shaanxi Hongyuan Aviation Forging is one of the largest manufacturers of structural components, aviation discs and turbine blades for the Chinese aviation industry. By investing in the new press, the company intends to increase its production volume and component portfolio, and supply the aircraft industry with forgings produced on the new press from high-alloy steel, titanium and nickel-based alloys.

Source : Strategic Research Institute

Bijlage:

voda 20 november 2019 16:46

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Tree Island Steel Announces Retirement of President and CEO

Tree Island Steel Ltd announced the retirement of Mr Dale R MacLean as President, Chief Executive Officer and director of the Company. Mr Amar S Doman, Chairman of the Board of Directors, commented that "On behalf of Tree Island Steel and the board of directors, I would like to thank Dale for his contributions to Tree Island over the years. We wish Dale well in his retirement."

The Board of Directors of the Company will commence a search for a replacement Chief Executive Officer.

Source : Strategic Research Institute

voda 20 november 2019 16:46

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EPA America Recycles Day Highlights Recycling Leadership

Government and industry representatives gathered to recognize America Recycles Day at the US Environmental Protection Agency, as the North American steel industry reaffirmed its commitment to continue to work to improve the nation's recycling system. Mr Thomas J Gibson, president and CEO of the American Iron and Steel Institute who participated in the EPA Recycling Summit this afternoon, said that “The steel industry is a leader in the recycling arena. Steel recycling is inherent to the steelmaking process, as steel has magnetic attraction meaning it can easily be separated from other, less recyclable materials. All steel manufacturers in the US use significant amounts of recycled steel scrap. When you buy products made from North American steel, you always buy recycled.”

Mr Gibson signed the America Recycles Pledge to “build on our existing efforts to address the challenges facing our nation's recycling system and to identify solutions that create a more resilient materials economy and protect the environment.”

Mr Gibson noted that domestic steel mills recycle their own steel scrap, as well as scrap from downstream product manufacturing processes and end-of-life products, to conserve energy, emissions and natural resources.

Source : Strategic Research Institute

voda 20 november 2019 16:46

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AISI Update on Raw Steel Production in US in Week 46

In the week ending on November 16, 2019, domestic raw steel production was 1,876,000 net tons while the capability utilization rate was 81.1%. Production was 1,903,000 net tons in the week ending November 16, 2018 while the capability utilization then was 81.2%. The current week production represents a 1.4% decrease from the same period in the previous year. Production for the week ending November 16, 2019 is up 0.8% from the previous week ending November 9, 2019 when production was 1,862,000 net tons and the rate of capability utilization was 80.5%.

Adjusted year-to-date production through November 16, 2019 was 85,337,000 net tons, at a capability utilization rate of 80.3%. That is up 2.3% from the 83,387,000 net tons during the same period last year, when the capability utilization rate was 78.1%.

Broken down by districts, here's production for the week ending November 16, 2019 in thousands of net tons: North East: 206; Great Lakes: 650; Midwest: 180; Southern: 763 and Western: 77 for a total of 1876.

Source : Strategic Research Institute

voda 21 november 2019 07:52

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ThyssenKrupp haalt eigen verlaagde verwachtingen

(ABM FN-Dow Jones) ThyssenKrupp heeft over het fiscale boekjaar 2018/2019 met het aangepaste bedrijfsresultaat (EBIT) voldaan aan de eigen, verlaagde, verwachting die het in een eerder stadium al met de markt deelde. Dit bleek donderdag uit de jaarcijfers van het Duitse conglomeraat.

"We zijn niet tevreden. De prestaties van de onderneming gaan mede gebukt onder noodzakelijk herstructureringsmaatregelen en verbeteringen, die zich nog niet hebben uitbetaald", aldus CEO Martina Merz donderdag.

ThyssenKrupp boekte een aangepaste EBIT van 802 miljoen euro, een niveau waar het bedrijf ook op rekende, terwijl het voorheen nog uitging van 1,2 miljard tot 1,4 miljard euro. Over het boekjaar 2017/2018 lag deze post nog op 1,4 miljard euro.

Bij de liftendivisie, momenteel onderwerp van strategische heroverweging, werd over de verslagperiode een aangepaste EBIT geboekt van 907 miljoen euro, een stijging op jaarbasis met 5 procent. ThyssenKrupp verwacht in het eerste kwartaal van 2020 meer duidelijkheid te kunnen verschaffen over de toekomst van de Elevator-tak.

De omzet steeg met 1 procent naar 42,0 miljard euro, gelijk aan de orderinstroom.

Het nettoverlies kwam uit op 260 miljoen euro tegen een verlies van 12 miljoen euro een jaar eerder.

Dividend

Gezien de door het management als zwak beoordeelde resultaten wordt het dividend voor het boekjaar gepasseerd.

Outlook

Het concern is terughoudend over het verloop van het lopende boekjaar, gezien het beperkte vermogen om vooruit te kijken, en gelet op de economische en geopolitieke onzekerheden.

De zwakte tekent zich volgens het bedrijf vooral af in de cyclische materialen en onderdelen voor de automotivesector.

De aangepaste EBIT wordt verwacht uit te komen op ongeveer hetzelfde niveau als over het afgelopen boekjaar, terwijl het concern voorziet dat het verlies verder oploopt.

Slotkoers

De koers van het aandeel ThyssenKrupp sloot woensdag 1,3 procent hoger op 13,51 euro.

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

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

voda 21 november 2019 16:08

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EUROFER Calls for Support to Steel and Jobs in EU

Ahead of the Foreign Affairs Council trade configuration, the European Steel Association called on the Commission to have another go at reviewing the steel safeguard. This must defend the sector against deflected steel sent to Europe given the US’ section 232 tariffs and sustained global production overcapacity. Mr Axel Eggert Director General of EUROFER said “Europe is still flooded by steel imports, even as domestic demand stalls. We have seen a contraction of at least 3% this year, even as raw material prices and CO2 costs have boomed. In particular, these CO2 costs are not borne by any other producers around the world. This year, European steel companies have had to announce production cuts of at least 15 million tonnes; 15,000 jobs have been lost or put at risk. This is in addition to the 20% decline in the steel workforce since 2008.”

He said “Firstly, it is the US’ section 232 tariffs that spurred the massive redirection of steel from their market to ours, fuelled by persistently large global steel capacity. Secondly, WTO reform is becoming ever more urgent as we need international measures to ensure trade is fair, including by being environmentally equitable. We need the EU to act decisively to prevent the disintegration of our sector and save the communities dependent upon it. Both EU and international market conditions have turned more negative since the time of the first review. Trade flow distortions are rising and the situation of the EU steel market has proven to be more negative than the outlook previously suggested. Global steel demand is weakening too, causing a depression in international prices and a rush by exporters to supply other open economies”.

EUROFER requests that the safeguard be realigned to reflect the fact that the quota volumes were set far above traditional EU import levels, and that since then market conditions have considerably deteriorated.

The agenda for Thursday’s meeting includes a review of EU-US trade relations, as well as a discussion on the WTO and on trade relations with China. These are key topics for the EU steel sector. The meeting should also include an opportunity for ministers to discuss the EU safeguard. Revisions to the safeguard were brought into place in October after a review, but these changes have proven insufficient in light of the shifting circumstances of the global steel sector.

Source : Strategic Research Institute

voda 21 november 2019 16:09

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Worker Union Community Shocked by 3,000 Job Cuts by Tata Steel Europe

Responding to news from Tata Steel regarding 3,000 potential job cuts across its European business, Mr Roy Rickhuss, General Secretary of the steelworkers’ trade union, Community, said “This is a shocking announcement, which will worry many steelworkers and their families in the UK and across Europe. This news has been badly handled and the company should hang its head in shame with the way this development has been communicated. The workforce should not pay the price for the failure of the joint venture with Thyssenkrupp nor the lack of a plan B when the JV talks collapsed. We secured a jobs guarantee until 2021 and we will be robustly defending that agreement. We want a long-term vision for the future of steelmaking in Tata Steel Europe, not the management of decline by 3,000 job cuts.”

He added “While company management are responsible for the direction they are taking, yet again we must call for more action to create a level playing field for UK steel businesses. Our steel producers continue to face higher energy costs, high business rates and competition from cheap imports. Government attempts to address these longstanding issues have not created the environment our steel companies need to compete effectively in a global market.”

Source : Strategic Research Institute

voda 21 november 2019 16:10

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Dillinger Steel Builds Moselle Bridge

The new Moselle Bridge in the Bernkastel-Wittlich district in Rhineland Palatinate in Germany will open to public traffic on 21 November. Dillinger played a major role, with more than 25,000 tonnes of heavy plate used in construction of the bridge spanning the Moselle river. The Moselle Bridge is one of the highest and longest in Germany. The height of the piers and spans reaching up to 210 meters required a multitude of planning, assembly and organizational innovations in order to complete the 33,000-tonne beam bridge. The highest pier measures about 150 meters, the lowest about 20 meters. The distance between the piers ranges from 105 to 210 meters. The structure’s height of 160 meters exceeds even that of the Cologne Cathedral and its length, at 1.7 kilometers, is six times the length of the London Bridge.

Dillinger steel was selected for the project due to the special dimensions and the associated requirements for the building materials used. For individual elements such as piers and substructures, Dillinger supplied heavy plate steel in various qualities and in thicknesses ranging from 8 to 125 millimeters. Much of the steel was delivered to the construction site from Dillingen by freighter via the Saar and Moselle rivers – an environmentally friendly option and suitable for construction of a river bridge.

The Moselle Bridge between Ürzig and Zeltingen is the centerpiece of the 25-kilometer section of the new four-lane construction project for the B50 federal highway between Platten and Longkamp. The bridge enables vehicles to drive through what was formerly described as “Europe’s most expensive dead end.” The BeNeLux countries and their port facilities will now also be directly linked to the Rhine-Main area. At the regional level, the Eifel and Hunsrück regions are now connected via the A60/B50 highways.

Source : Strategic Research Institute

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voda 21 november 2019 16:11

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TimkenSteel to Close Material Services Facility in Houston

TimkenSteel Corporation announced plans to close its TimkenSteel Material Services facility in Houston in Texas in the first quarter of 2020. The 100,000-square-foot operation currently employs approximately 100 people who provide precision value-added and finishing services, primarily to customers that service the energy market. Mr William Bryan, executive vice president of manufacturing and supply chain, said "We are focusing on our core strengths of making and heat treating steel and more fully utilizing our supply chain to provide the value-added services required by our customers. This change to how we serve the evolving energy market will improve the company's financial performance.”

As a result of the plant closure, the company expects to realize approximately USD 6 million to USD 8 million of annual savings.

Source : Strategic Research Institute

voda 21 november 2019 16:11

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Henkel Offers Custom Tailored Products and Services to Metal Coil Industry

As part of its active global support for the metal coil industry, Henkel is partnering with major coil producers to implement dedicated process solutions for end applications in e-mobility. In addition, the company is also addressing demands for reducing the complexity of downstream manufacturing steps by enabling continuous upstream functional coating processes without compromising the technical properties of the coated material. E-mobility is a megatrend that requires new approaches to enable the production of electrical applications in increasingly larger volumes, as required to meet the expected growth of hybrid and fully electrical vehicles.

Latest product innovations targeted at both upstream and downstream metal pretreatment and functional coating for end products in e-mobility include
Bonderite O-TO dedicated product range
Bonderite M-CR 12 series

In addition to the company’s comprehensive product portfolio for the metal coil industry, Henkel also offers special equipment to ensure best manufacturing practices in many coil process steps.

Henkel’s process know-how extends across the entire value chain from the rolling oil for electrical steel to specific pickling inhibitors and cleaners to specialized new functional and conductive thin coatings, such as for covering the aluminum foil used in EV battery systems. Besides providing reliable corrosion protection for painted or unpainted substrates, these products have been custom-tailored to improve the overall performance of e-mobility applications by enhancing insulation and bonding properties, magnetic permeability and electrical conductivity. At the same time, they also address important sustainability goals, such as minimized product consumption and waste and the phase-out of hexavalent chromium in metal treatment.

Source : Strategic Research Institute

Vertraagd	26 feb 2025 17:35
Koers	27,970
Verschil	0,000 (0,00%)
Hoog	27,990
Laag	26,810
Volume	4.423.260
Volume gemiddeld	2.630.827
Volume gisteren	4.423.260

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