DeBeurs.nl

voda 8 januari 2020 16:41

0

Canada Finds Injury in Corrosion-Resistant Steel Sheet Imports from Turkey, UAE and Vietnam

The Canadian International Trade Tribunal determined that there is a reasonable indication that the dumping and subsidizing of corrosion-resistant steel sheet from the Republic of Turkey, the United Arab Emirates and the Socialist Republic of Vietnam have caused injury or are threatening to cause injury to the domestic industry.

The Tribunal’s inquiry was conducted pursuant to the Special Import Measures Act as a result of the initiation of dumping and subsidizing investigations by the Canada Border Services Agency. The CBSA will continue its investigations and, by February 6, 2020, will issue preliminary determinations.

Source : Strategic Research Institute

voda 8 januari 2020 16:43

0

ArcelorMittal Burns Harbor Accused of Manipulating Test Results by IDEM

Indiana Department of Environmental Management said that ArcelorMittal steel plant in Burns Harbor has been manipulating test results, following a toxic chemical spill that killed 3,000 fish in the Little Calumet River last summer. IDEM Deputy Director Mr Rick Massoels wrote in the letter to the company that ArcelorMittal has made a practice of redoing tests that showed violations and using the new tests to replace those results, sometimes after they already had been reported to the state.

He wrote “If ArcelorMittal Burns Harbor maintains that it cannot credibly report noncompliant results based upon one analysis of a given sample that passes all quality assurance and quality control checks, then IDEM cannot feel confident in compliant results reported by ArcelorMittal Burns Harbor that are based on one analysis of a given sample that passes all quality assurance and quality control checks. ArcelorMittal’s self-monitoring program is either capable of generating valid results based upon one analysis of a given sample or it is not. Practice undermines the integrity of the test results ArcelorMittal submits. This practice is not allowable.”

IDEM noted other tests at the plant found unacceptable amounts of ammonia and cyanide in water discharged from one of the plant’s outfalls. ArcelorMittal also has been unable to determine the source of the cyanide and ammonia coming from that outfall.

An ArcelorMittal spokesperson denied manipulating data. He said “We use certified, independent laboratories to analyze samples and we report the data, including any corrected data, from the labs to the regulatory agencies consistent with industry and laboratory standards. ArcelorMittal has a track record of providing accurate sampling data to the agencies.”

ArcelorMittal said it has been cooperating with IDEM and the US Environmental Protection Agency for months since the spill in Burns Harbor in August.

Source : Strategic Research Institute

Bijlage:

voda 8 januari 2020 16:44

0

Worker Unions Call for Job Protection at Tata Steel UK

The Mirror reported that The National Trade Union Steel Coordinating Committee, which includes officials from the GMB union, Unite and Community, issued a statement saying “The last few months the company has sought to engage us in sensitive discussions on the future of Tata Steel Europe. It is extremely disappointing that Tata has sought to influence those discussions by making threats in the media and adding to the concerns of the workforce. The NTUSCC recognises there are challenges at Tata Steel UK, mainly caused by years of under-investment in the assets, and we are open to joint discussions to deliver a sustainable future for the business.”

Furious union chiefs said in their statement: “Tata Steel UK employees must not pay the price for Tata’s failures. However we have made it clear to Tata Steel, at the highest levels, that the way forward for Tata Steel UK must include new commitments on job security and commitments on strategic capital expenditure to safeguard the future of UK steelmaking.”

Mr Natarajan Chandrasekaran, chairman of the Tata Sons group, which owns Port Talbot steelworks, said the South Wales site needs to be self-sustaining. His intervention triggered fresh fears for the future of the factory.

Source : Strategic Research Institute

voda 8 januari 2020 16:44

0

SAIL RMD Reports Strong Growth Iron Ore Production in 2019

Steel Authority of India Ltd’s iron ore mines in Jharkhand posted a growth of 5.25% to 21.99 million tonne by the end of calendar year 2019, while the company’s mines in Odisha showed a growth of 4.62% to 21.68 million tonnes during the year. The growth in output, which set the best-ever record in production and despatch, ensured better raw material security for the SAIL’s eastern sector steel plants which get iron ore supply from the mines operating under SAIL’s Raw Materials Division in Jharkhand and Odisha

In the process: RMD mines also notched up their highest-ever lump ore production of 7.48 million tonnes beating the previous record of 7.14 million tonnes achieved in 2018. Improvement in iron ore lump supply is slated to improve hot metal productivity for SAIL plants

Individually SAIL’s iron ore mines at Bolani, Meghahatuburu, Barsua, and Kalta also recorded highest ever single-day production.

Source : Strategic Research Institute

voda 8 januari 2020 16:45

0

Hebei Province to Cut 14 Million Tonnes Steel Capacity in 2020

China’s leading producer of steel Hebei Province governor Xu Qin announced that Hebei Province will continue with huge overcapacity cuts in 2020 amid an ongoing industrial upgrading. He said “The province plans to cut production capacity of steel and iron by 14 million tonnes this year.”

Hebei and several other regions around Beijing are home to major steelmakers, coal mines and chemical plants. They are at the forefront of the country’s fight against air pollution. The province cut production capacity of iron and steel by 14.02 million tonnes, coal by 10.06 million tonnes and cement by 3.34 million tonnes in 2019.

Source : Strategic Research Institute

Bijlage:

voda 8 januari 2020 16:47

0

Tata Steel Subsidiary TS Alloys Bags Licence for Saruabil Chromite Ore Mine

Tata Steel said that its subsidiary TS Alloys Ltd has won licence for Saruabil chromite ore mine in Odisha for 50 years. It said "We have been informed that the government of Odisha has issued to TS Alloys Limited, a wholly-owned subsidiary of the company, a letter of intent dated January 6th, 2020, as the successful bidder for grant of mining lease for 50 years, subject to fulfilment of certain conditions.”

The government of Odisha had undertaken an auction for the grant of mining lease for the Saruabil chromite mining block, currently heldby Misrilall Mines Private Limited, in which the company had participated.

Source : Strategic Research Institute

voda 8 januari 2020 16:47

0

Al Gharbia Pipe Company Produces First Large Diameter Pipe from LSAW plant from SMS Group

Al Gharbia Pipe Company has successfully taken into operation its new Longitudinal Submerged Arc Welded pipe plant. The new LSAW large-diameter pipe production facility was built at the Khalifa Industrial Zone Abu Dhabi, by a consortium of Larsen & Toubro Limited and SMS group as the EPC partner. The plant is designed for a production capacity of 240,000 tons per year. The pipes to be produced on the LSAW facility supplied by SMS group, will mainly come in grades suitable for use as onshore & offshore line pipes, including sour-gas applications. Al Gharbia is going to produce up to 12.2-meter-long pipes with outside diameters ranging from 18 to 56 inches. The maximum wall thickness is 44.5 millimeters; steel plates up to grade X80 can be processed.

SMS group was responsible for the engineering and supply the process equipment for the large diameter pipe production facility, Larsen & Toubro Limited for the civil works, balance-of-plant and erection of the equipment.

Besides the engineering and project planning, scheduling and coordination, SMS group supplied all core machines and the process equipment including workshops, laboratories and a manufacturing execution system. The production line comprises an edge milling machine, a crimping press, a second-generation JCO pipe forming press with modular frame design, tack-welding machine, inside and outside welding machines, mechanical expander and a hydrostatic pipe tester.

Al Gharbia Pipe Company is a joint venture of investment company Senaat, JFE Steel and Marubeni-Itochu Steel.

Source : Strategic Research Institute

voda 8 januari 2020 16:48

0

BigPoint Holding Acquires Shares of SCHMOLZ + BICKENBACH Beteiligungs GmbH

A global leader in special long steel SCHMOLZ + BICKENBACH was informed that BigPoint Holding AG, which is controlled by Martin Haefner, has fully acquired the shares of SCHMOLZ + BICKENBACH Beteiligungs GmbH. At the same time, SCHMOLZ + BICKENBACH Beteiligungs GmbH withdrew its appeal to the Swiss Federal Administrative Court against the granting of an exemption in favor of BigPoint Holding AG.

As BigPoint Holding AG informed SCHMOLZ + BICKENBACH on January 6, 2020, BigPoint Holding AG fully acquired the 10.09% stake (pre-capital increase; 4.7% after capital increase) of SCHMOLZ + BICKENBACH Beteiligungs GmbH in SCHMOLZ + BICKENBACH AG. In the SCHMOLZ + BICKENBACH Beteiligungs GmbH, the interests of the descendants of the founding families were bundled. With the acquisition of the participation and after completion of the capital increase approved by the Extraordinary General Meeting of SCHMOLZ + BICKENBACH AG on December 2, 2019, Martin Haefner will directly and indirectly hold approximately 49.6% of the share capital of SCHMOLZ + BICKENBACH AG.

Simultaneously with the sale of its stake to BigPoint Holding AG, SCHMOLZ + BICKENBACH Beteiligungs GmbH notified the Board of Directors of SCHMOLZ + BICKENBACH AG of the withdrawal of an appeal filed with the Swiss Federal Administrative Court. The appeal was directed against the exemption granted to BigPoint Holding AG by FINMA from a mandatory offer in the course of the capital increase.

Source : Strategic Research Institute

voda 8 januari 2020 16:48

0

South Korean Steel Exports to US in 2019 below Export Quota

South Korea's steel exports to the United States in 2019 fell short of its US export quota. The Korea International Trade Association announced that South Korean companies exported 2.3 million tonnes of steel products to the United States from January to November 2019. Last year’s total is estimated at 2.5 million tonnes, which is a nine year low and less than their annual export quota. This has to do with worsened local market conditions and anti-dumping tariffs on individual products.

In 2018, the US government invoked Section 232 of the Trade Expansion Act of 1962 and imposed additional 25 percent tariffs on steel imports. Then, the South Korean government accepted the quota equivalent to 70 percent of the average annual exports for the period of 2015 to 2017, 3.83 million tonnes, in exchange for tariff exemption so that South Korean companies can keep exporting their products without losing the US market. Last year, however, the annual exports stood at approximately 65 percent of the quota.

Source : Strategic Research Institute

voda 8 januari 2020 16:51

0

AM Castle & Co Names Mr Marec Edgar as CEO

Distributor of specialty metals AM Castle & Co has named President Mr Marec Edgar as CEO. Edgar has joined the board of directors, and Mike Sheehan, formerly a director, assumes the role of chairman of the board. Steve Scheinkman, former chairman & CEO, has announced his retirement. He remains on the board of directors and will serve occasionally as a senior adviser to management.

Edgar joined the company in 2014 as vice president and general counsel, later serving as executive vice president, general counsel, and chief administrative officer. He was promoted to president in 2018. He holds an undergraduate degree from MacMurray College and a Juris Doctor from the University of Illinois.

Source : Strategic Research Institute

voda 9 januari 2020 06:43

0

ArcelorMittal verhoogt staalprijzen in VS opnieuw

Gepubliceerd op 8 jan 2020 om 21:00 | Views: 2.904

ArcelorMittal 08 jan
15,24 0,00 (0,00%)

NEW YORK (AFN/BLOOMBERG) - ArcelorMittal gaat zijn staalprijzen in de Verenigde Staten opnieuw verhogen, in navolging van een prijsverhoging door branchegenoot Nucor. De prijzen gaan met onmiddellijke ingang met 40 dollar per ton omhoog.

In de afgelopen tijd hebben grote staalbedrijven in de VS de prijzen al meermaals opgekrikt, door vertrouwen in de Amerikaanse economie.

voda 10 januari 2020 16:25

0

Liberty Steel to Cut UK workforce

Liberty Steel Group has undertaken a review of its UK business in response to challenging market conditions and a lingering reduction in demand for UK steel products. In light of this, the company has decided to reduce its workforce at certain plants to match sustainable production forecasts. The group reaffirmed its commitment to the UK market and sees opportunities to prosper through home-grown manufacturing of steel products, through investment in new metals technology and through application of its GREENSTEEL strategy. Liberty has concluded, however, that there is a need to reduce its workforce in South Yorkshire and South Wales in order to ensure the long-term viability and competitiveness at these locations. Subject to consultation with unions, this may result in a reduction of 355 jobs.

Those affected will be at locations in Stocksbridge, Rotherham, Brinsworth and Newport.

Liberty Steel UK CEO Mr Cornelius Louwrens said "Liberty has taken enormous strides in improving the performance of the steel mills it has acquired over the last six years. We've re-started mothballed plants and demonstrated a commitment to invest in the UK. Unfortunately, the steel industry in the UK is facing challenging conditions and we have made the difficult decision that there is a need to reduce the workforce at a handful of locations, in order to make them sustainable for the long-term. It has always been our intention, and always will be, to avoid compulsory redundancies. Therefore the creation of the GFG Workforce Solutions now offers those impacted the security of ongoing employment as an alternative. Our commitment to these steelworks, and our ambition for the future of this business, is as strong as ever."

The group is creating a new company, GFG Workforce Solutions, to enable employees impacted to remain within the GFG Alliance. Those affected will be offered either voluntary redundancy or a position within this new flexible business. Participants in Workforce Solutions will be available for deployment within GFG businesses, the GFG Foundation or via local employment agencies in roles that will complement individuals' existing skills.

Liberty’s South Yorkshire plant rolls speciality steel products used in the manufacture of vehicles, aircraft, industrial machinery and equipment for the oil and gas industry.

In Rotherham, the company has two electric arc furnaces with a combined 1.2 million tonnes per year crude steel design capacity.

The company has two rolling lines for the production of flat special steel at Brinsworth and Stockbridge.

The Newport plant was previously a mothballed site bought by Liberty in 2013, which it returnedto production in 2015.

Source : Strategic Research Institute

voda 10 januari 2020 16:26

0

US Steel Imports in 2019 Shrink by 18% YoY – AISI

Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis data, the American Iron and Steel Institute reported that steel import permit applications for the month of December 2019 totaled 2,308,000 net tons. This was a 12.3% increase from the 2,055,000 permit net tons recorded in November and a 47.8% increase from the November final imports total of 1,561,000 net tons. Import permit tonnage for finished steel in December was 1,388,000 net tons, up 4.2% from the final imports total of 1,331,000 net tons in November. For full year 2019, including December SIMA permits and November final imports, total and finished steel imports were 28,660,000 net tons and 21,082,000 net tons, down 15.0% and 17.9%, respectively, from 2018. The estimated finished steel import market share in December was 15% and is 19% for 2019.

Finished steel imports with large increases in December permits vs. November final imports included hot rolled sheets (up 38%), tin free steel (up 37%), plates in coils (up 29%), structural pipe and tubing (up 24%) and line pipe (up 14%). Products with significant increases in 2019 vs. 2018 include black plate (up 110%), steel piling (up 37%) and tin free steel (up 23%).

In December, the largest finished steel import permit applications for offshore countries were for South Korea (199,000 net tons, up 6% from November final), Japan (81,000 net tons, down 4%), Germany (81,000 net tons, up 48%), Brazil (35,000 net tons, up 221%) and The Netherlands (30,000 net tons, down 58%). For full year 2019, the largest offshore suppliers were South Korea (2,606,000 net tons, down 6% from 2018), Japan (1,256,000 net tons, down 9%) and Germany (1,046,000 net tons, down 22%).

Online News, Business News, Steel News, Steel Prices, Stee US, Steel Imports, AISI

Strategic Research Institute, SteelGuru
Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis data, the American Iron and Steel Institute reported that steel import permit applications for the month of December 2019 totaled 2,308,000 net tons. This was a 12.3% increase from the 2,055,000 permit net tons recorded in November and a 47.8% increase from the November final imports total of 1,561,000 net tons. Import permit tonnage for finished steel in December was 1,388,000 net tons, up 4.2% from the final imports total of 1,331,000 net tons in November. For full year 2019, including December SIMA permits and November final imports, total and finished steel imports were 28,660,000 net tons and 21,082,000 net tons, down 15.0% and 17.9%, respectively, from 2018. The estimated finished steel import market share in December was 15% and is 19% for 2019.

Finished steel imports with large increases in December permits vs. November final imports included hot rolled sheets (up 38%), tin free steel (up 37%), plates in coils (up 29%), structural pipe and tubing (up 24%) and line pipe (up 14%). Products with significant increases in 2019 vs. 2018 include black plate (up 110%), steel piling (up 37%) and tin free steel (up 23%).

In December, the largest finished steel import permit applications for offshore countries were for South Korea (199,000 net tons, up 6% from November final), Japan (81,000 net tons, down 4%), Germany (81,000 net tons, up 48%), Brazil (35,000 net tons, up 221%) and The Netherlands (30,000 net tons, down 58%). For full year 2019, the largest offshore suppliers were South Korea (2,606,000 net tons, down 6% from 2018), Japan (1,256,000 net tons, down 9%) and Germany (1,046,000 net tons, down 22%).

Source : Strategic Research Institute

voda 10 januari 2020 16:26

0

Budget 2020 - FIMI Seeks Scrapping Iron Ore Export Duty

The Federation of Indian Mineral Industries wants the Centre to scrap the 30 per cent export tax on iron ore and 15 per cent export tax on bauxite in the coming budget 2020-2021. FIMI said “Government has abolished export duty only on iron ore up to 58 per cent Fe in the budget 2016-2017, but export duty continues to be 30 per cent on iron ore above 58 per cent Fe. uring the year 2018-19, quantity of exports of iron ore declined drastically to 16.19 million tonnes from 30.48 million tonnes in 2016-2017. There is stockpile of 162.85 (provisional) million tonnes of iron ore at mine-heads as on March 31, 2019, which is mainly accounted by Jharkhand and Odisha states. Most of the 162.85 million tonnes of iron ore, which is estimated to be lying at the mine heads is in the grade of 58 per cent Fe to 62 per cent Fe.’

FIMI said ‘The abolition of export duty up to 62 per cent Fe will help in liquidating the huge stockpile of iron ore at mine-heads which will result in enhanced foreign exchange earnings besides more production of iron ore in the country.”

There is a 30 per cent export duty on iron ore having iron content above 58 per cent.

Source : Strategic Research Institute

voda 10 januari 2020 16:27

0

Steel Workers Unions Unite and GMB Devastated over Liberty Steel Job Cuts

UK and Ireland largest union Unite has described the announcement of redundancies at Liberty Steel as a bitter blow. Unite national officer for steel Mr Harish Patel said “This is a bitter blow for the workers concerned and Unite will be ensuring that every opportunity to minimise job losses is properly explored and the commitment to only consider voluntary redundancies is fully honoured. The announcement of redundancies inevitably creates further uncertainty in the steel industry and makes it more imperative that the government provides genuine and tangible commitments to the UK steel industry, to ensure that it can compete on a level playing field on the global stage. The need for an effective public sector procurement policy that ensures that UK steel is used on all strategic and infrastructure projects has never been greater.”

GMB National Officer Ross Murdoch said "Once again we have more bad news for the UK steel industry. A country that doesn't produce its own steel for key infrastructure projects and shipbuilding is a country that's destined to fail. Our steelworkers deserve better than this. The Government urgently needs to intervene and ensure steel companies in the UK receive the backing they have long called for on energy costs and business rates. GMB will of course engage with the company to mitigate any losses for our members and will continue to campaign with our sister steel trade unions to bring about the support and investment required."

Source : Strategic Research Institute

voda 10 januari 2020 16:28

0

Nippon Steel Obtained Certification for Occupational Safety and Health Management System

Nippon Steel Corporation has obtained the ISO45001 (JISQ45100) certification, an international standard for Occupational Safety and Health Management Systems from the Japan Industrial Safety & Health Association, at its Wakayama Works aiming for systematic and autonomous promotion of occupational safety and health. This is the first JISHA certification obtained by a domestic steelmaker. Nippon Steel enhances employee occupational safety and health by promoting obtaining the certification at all other works and expanding the OSHMS in an effective manner to create safer and healthier workplaces for its entire workforce.

ISO45001 certification
Certified organization: Nippon Steel Corporation
Name of works: Wakayama Works
Certification authority: Japan Industrial Safety & Health Association
Applicable standard: ISO45001:2018 /JISQ45100:2018
Date of certification registration: December 23, 2019
Certificate number: JISHA-O-23
Scope of registration: Manufacturing and processing of semi-finished and finished products of steel

Source : Strategic Research Institute

voda 10 januari 2020 16:29

0

AZZ Inc Reports Financial Results for Q3 of Fiscal Year 2020

Global provider of metal coatings services, welding solutions, specialty electrical equipment and highly engineered services Fort Worth Texas based AZZ Inc announced financial results for the three- and nine-month periods ended November 30, 2019. Revenues for the third quarter of fiscal year 2020 were USD 291.1 million compared to USD 239.5 million for the same quarter last year, an increase of 21.6%. Net income for the third quarter increased 43.1% to USD 22.0 million compared to USD 15.4 million for the third quarter of fiscal year 2019.

AZZ Inc president and CEO Mr Tom Ferguson said “Third quarter fiscal year 2020 financial results were driven by strength in both our Energy and Metal Coatings segments with consolidated revenue increasing 21.6% to $291.1 million and net income increasing 43.1% to $22.0 million, as compared to the third quarter last year. Metal Coatings segment revenue increased 20.2% from the third quarter of last year driven by organic volume growth and strategic acquisitions. Operating margins were 21.1%, compared to 17.0% in the third quarter of fiscal 2019, driven by lower zinc costs flowing through our kettles, offset somewhat by the costs associated with ramping up our Surface Technologies and Continuous Galvanized Rebar businesses.”

Mr Ferguson said “We are confident that our Digital Galvanizing System initiative will allow us to realize greater operational efficiency and productivity. We anticipate the uptick in the costs associated with growing the Surface Technologies and Continuous Galvanized Rebar businesses to be temporary. AZZ remains the industry leader in North America with 41 galvanizing plants and continues to pursue growth through organic and inorganic channels.”

He said “As we previously indicated our Energy Segment experienced a particularly strong fall turnaround season in North America, driving 22.7% revenue growth with 10.8% operating margins. The Welding Solutions group had a strong third quarter, executing at a very high level during a very active fall turnaround season. Our industrial served markets improved compared to prior year, and we are especially pleased with the demand for specialty welding, both domestically and internationally. Overall, consolidated bookings, in both the Energy and Metal Coatings segments, were up 24.8% for the quarter, growing to $263.7 million compared to $211.3 million in the third quarter last year. We are focused on delivering organic growth and driving operational efficiencies in both segments to improve future sales. We expect to complete fiscal 2020 on a strong note with that momentum carrying into fiscal
2021.”

Mr Ferguson concluded, “We are reaffirming our previously issued guidance for fiscal 2020 with earnings per share to be in the range of $2.60 to $2.90 per diluted share, and revenues to be in the range of $1.02 to $1.06 billion. Our fiscal year 2020 guidance reflects our estimates given the current market conditions, current backlog expectations, and does not include any significant acquisitions or divestitures.”

Source : Strategic Research Institute

voda 10 januari 2020 16:29

0

CPM Urges AP Government to Oppose POSCO RINL Auto Steel Plant

TelanganaToday reported that CPM has urged the Andhra Pradesh government to oppose the centre’s proposal of a joint venture with South Korea-based POSCO for the Visakhapatnam steel plant. CPM State secretariat member Ch. Narasinga Rao said “There were reports that the Union Steel Minister met Andhra Pradesh Chief Minister YS Jaganmohan Reddy regarding this. The Union Minister, who visited the steel plant on November 9, identified 4,000 acres as POSCO land on the plant’s premises. Even AP Industries Minister Goutham Reddy said the State government was considering the agreement with POSCO. We vehemently oppose such deals as POSCO has a history of corruption and fraud.”

Rao recalled that POSCO, in 2005, entered into an agreement with the Odisha government to construct a steel plant, but did not honour the agreement. In 2008, the same story was repeated in West Bengal.

He said “It is shocking that POSCO has the audacity to say it will construct a steel plant on the premises of the existing Visakhapatnam plant. Never before did a private company construct another factory on the premises of a public sector industry in India. It is nothing but a conspiracy of BJP and POSCO to grab the rich Visakhapatnam steel plant.”

Source : TelanganaToday

voda 10 januari 2020 16:42

0

US CIT Rules on Corrosion-Resistant Steel Imports from India

On December 18, 2019, the United States Court of International Trade sustained the Department of Commerce's remand redetermination pertaining to the less-than-fair-value investigation of certain corrosion-resistant steel products from India. Commerce has notifed the public that the final judgment in this case is not in harmony with Commerce's amended final determination in the LTFV investigation of corrosion-resistant steel from India. Pursuant to the CIT's final judgment, Uttam Galva Steels Ltd is being excluded from the order.

The litigation in Uttam Galva Steels Limited v United States relates to Commerce's final determination in the LTFV investigation covering corrosion-resistant steel from India. In its Amended Final Determination and Order, Commerce reached affirmative determinations for mandatory respondents Uttam Galva as well as JSW Steel Ltd. and its wholly-owned affiliate JSW Steel Coated Products Limited. Uttam Galva appealed the Amended Final Determination and Order to the CIT, and on April 18, 2018, the CIT remanded Commerce's Amended Final Determination and Order.In its opinion, the CIT found that Commerce's duty drawback calculation was unreasonable and not in accordance with the law and instructed Commerce to recalculate Uttam Galva's duty drawback adjustment. On August 16, 2018, Commerce filed Remand Results with the CIT, recalculating Uttam Galva's duty drawback adjustment. On March 12, 2019, the CIT remanded the Remand Results to Commerce for a second redetermination. On May 29, 2019, Commerce filed its Second Remand Results with the CIT, wherein it revised its duty drawback calculation for a second time. On December 18, 2019, the CIT sustained Commerce's Second Remand Results. The CIT's December 18, 2019 final judgment sustaining Commerce's Second Remand Results constitutes a final decision of the Court that is not in harmony with Commerce's Amended Final Determination and Order.

Amended Final Determination
Because there is now a final court decision, Commerce is amending the Final Determination and Amended Final Determination and Order with respect to Uttam Galva and the all-others rate. The revised weighted-average dumping margins for Uttam Galva and all other exporters for the period April 1, 2014 through March 31, 2015, are as follows

As a result of this amended final determination, in which Commerce has calculated an estimated weighted-average dumping margin of 0.00 percent for Uttam Galva, Commerce is hereby excluding merchandise produced and exported by Uttam Galva from the antidumping duty order. Accordingly, Commerce will direct US Customs and Border Protection to release any bonds or other security and refund cash deposits pertaining to any suspended entries from Uttam Galva. This exclusion does not apply to any other companies, except those that comprise a single entity with Uttam Galva, which are listed in the table above.

CIT said “Thus, we will instruct CBP to suspend liquidation of all unliquidated entries from Uttam Galva at a cash deposit rate of 0.00 percent which are entered, or withdrawn from warehouse, for consumption after December 28, 2019, which is ten days after the CIT's final decision, in accordance with section 516A of the Act. If the CIT's ruling is not appealed, or if appealed and upheld, Commerce will instruct CBP to terminate the suspension of liquidation and to liquidate entries produced and exported by Uttam Galva without regard to antidumping duties. As a result of the exclusion, Commerce will not initiate any new administrative reviews of Uttam Galva's entries pursuant to the antidumping duty order.”

At this time, Commerce remains enjoined by CIT order from liquidating entries that

(1) Were produced and exported by Uttam Galva Steels Limited, and were entered, or withdrawn from warehouse, for consumption on or after July 1, 2017, up to and including June 30, 2018

(2) were produced and/or exported by Uttam Value Steels Limited, and were entered, or withdrawn from warehouse, for consumption on or after July 1, 2017, up to and including June 30, 2018. These entries will remain enjoined pursuant to the terms of the injunction during the pendency of any appeals process.

Source : Strategic Research Institute

voda 10 januari 2020 16:44

0

China Steel Corporation Installs Steam Jet Pump in No 1 RH Facility

Taiwanese steel producer China Steel Corporation has awarded SMS Mevac, an SMS group company, the order to revamp the oldest of the RH units at its No 1 steel works in Kaoshiung. SMS Mevac will equip the RH unit with a new, state-of-the-art four-stage steam jet vacuum pump. SMS group’s supply scope includes the design of the layout, the engineering, manufacturing and supply of the equipment, and commissioning, which will take place in 2020. Thanks to the increased extraction capacity of the new pump to 600 kilograms per hour at 0.67 mbar, it is easier to compensate system leakages and evacuation times will be shorter. Additionally, the new vacuum pump can be operated at condenser cooling-water temperatures of up to 38 degrees Celsius, boosting the flexibility of the RH unit, especially during the hot summer months.

In 1982, the No 1 RH facility 160 tons had been commissioned by a company which today is part of SMS group and, in 1990, SMS Mevac had modernized it in a record time of only 73 days. CSC uses the facility for hydrogen degassing in the production of high-grade heavy plate.

Source : Strategic Research Institute

Bijlage:

Vertraagd	27 feb 2025 17:38
Koers	27,450
Verschil	-0,520 (-1,86%)
Hoog	27,910
Laag	27,350
Volume	2.223.038
Volume gemiddeld	2.630.827
Volume gisteren	4.423.260

11 feb	Von der Leyen verwerpt Amerikaanse im...	2
10 feb	Trump dreigt met importheffingen op s...
09 feb	ArcelorMittal en Aperam weekwinnaars
07 feb	Deutsche Bank verhoogt koersdoel Arce...
06 feb	Beursblik: ArcelorMittal overtreft ve...
06 feb	AEX opent waarschijnlijk hoger. Let o...	2
06 feb	ArcelorMittal ziet verlies afnemen	1
05 feb	Beursblik: beter vierde kwartaal bij ...
03 feb	Deze 5 aandelen kunnen deze week voor...
03 feb	Video: optimisme beursexperts volledi...	1

Arcelor Mittal « Terug naar discussie overzicht

Nieuws en info hier plaatsen (deel 4)

Meedoen aan de discussie?

Direct naar Forum

Detail

ArcelorMittal nieuws meer