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voda 11 februari 2020 20:23

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Danieli Endless Casting Rolling MIDA Minimill Starts Operation at Nucor Sedalia

On January 31, Nucor Steel safely struck the first EAF arc on the new MIDA plant located in Sedalia, Missouri, USA, producing a few hours later the first bundles of rebar #8, tagged and ready for shipment. After a few heats from the first heat, endless casting-rolling operation was successfully accomplished, confirming once more the full reliability of the MIDA process. With a rated capacity of 380,000 shtpy for #4 to #11 rebars (12.7 to 35.8 mm) in straight and spooled bars, it features the latest energy-saving and environmentally friendly melting, casting and rolling processes.

The Danieli ECS® scrap preheating system continuously charges hot scrap into a 40-t side-charge AC EAF, which is followed by a ladle treatment furnace.

The core of the endless casting-rolling section is a single-strand, high-speed continuous casting machine connected to a 16-stand ultra-compact rolling mill.

Finishing facilities consist of Danieli-patented Direct Rolling and Bundling DRB system and K-Spool technologies.

Source : Strategic Research Institute

voda 11 februari 2020 20:23

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SAIL Seeks Approval to Auction 70 Million Tonnes Low Grade Fines in Odisha and Jharkhand

As per media reports, Steel Authority of India Ltd has sought permission from Odisha and Jharkhand to auction about 70 million tonnes of fines or low-grade iron ore lying at its mines in the two states. Reports quoted sources as saing that "Fines have been accumulated from the starting of SAIL. The company has requested to Odisha and Jharkhand governments to give permission to auction it.”

Sources said “SAIL is positive about getting the permissionas states will give the go-ahead as they will also get some portion of the income generated from the auction.”

Commenting about prospective buyers of the iron ore, the source said, "Secondary steel players can buy it and those making pellets would be interested. Besides there are various steel makers who don't have mines, they can buy it and make metal.”

Depending upon the Fe content, the iron ore can fetch a price of USD 40-45 a tonne to USD 62 a tonne.

Source : Strategic Research Institute

voda 11 februari 2020 20:26

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GMS Market Commentary on Shipbreaking in Week 06 - Market Malaise

Shaky fundamentals, not only in the freight markets, but also the overall international economy, have finally started to seep into the recycling markets this week, with falling steel plate cutting prices in India and Bangladesh, nervy offerings, and troubled deliveries of late. The world, and shipping markets in particular, are still trying to come to terms with how to deal with the fallout from the ongoing Coronavirus threat that has surpassed both SARS & MERS and the Indian and Bangladeshi markets are currently not permitting Chinese crew to disembark at their respective recycling locations on government orders. Perhaps a forced period of quarantine may have to ensue, even if the crew displays no signs of having contracted the virus.

This has tied in with some of the ongoing market malaise as steel prices have declined by about USD 18/Ton in India over the course of two weeks, halving the USD 35/LDT gains made over the previous month and many end buyers are simply waiting-and-watching before offering on fresh tonnage, perhaps rightfully fearing further falls ahead.

Bangladesh has once again seen an extraordinary volume of large LDT tonnage head to Chattogram shores over the previous month, as a majority of the approximately ten Capesize Bulk Carriers and VLOCs have ended up in Chattogram. As such, open and capable End Buyers with ready-to-establish L/Cs are naturally starting to dwindle once again. This is placing a downward pressure on prices, given the nearly crippling over-supply of vessels that are coming daily into the market, amidst increasingly dire freight rates.

Overall, it really is time for the Pakistani market to finally stand up and be counted, but every time a competing market corrects, thereby giving Gadani Buyers a chance to secure tonnage, they seem to conveniently lower their numbers in response, citing one excuse or another as to why it is not feasible for them to compete, thus leaving this market empty handed on serious tonnage once again (as it has been for the past two years).

Lastly, the Turkish market remains suspended in a situation that they seem unable to escape from, save for the rare pieces of tonnage that get proposed basis a Turkey only delivery.

Source : Strategic Research Institute

voda 12 februari 2020 16:19

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HS2 Rail Network in UK to Use 2 Million Tonnes of Steel

Commenting on the UK Government announcement to approve HS2, UK Steel Director General Mr Gareth Stace said “We welcome the government’s decision to press ahead with HS2 in full and we are calling on the government to ensure that the benefits of this multi-billion pound project are felt in all four corners of the United Kingdom, by maximising the opportunities to use high quality UK steel products. It is estimated that HS2 will use 2 million tonnes of steel over the next 10 years and the UK’s steel producers stand ready to supply the steel for the new track, rolling stock, tunnels, bridges and much more besides. The use of UK made steel for HS2 would support over 2,000 jobs, and deliver GBP 1.5 billion to the UK economy, ensuring the benefits of this project are not just felt along the route, but in steel communities across the UK.”

England’s second high-speed rail network is set to proceed following the recommendations set out in the Oakervee review of HS2. Addressing the House of Commons, UK prime minister Mr Boris Johnson said “The review leaves no doubt of the clinching case for high speed rail. Services could be running by the end of the decade if work on the project starts now, with Phase 1 costed at between GBP 35 billion and GBP 45 billion in today’s prices. “Dramatic improvements to local transport and the decision to proceed with HS2 will shift this country’s centre of gravity away from the capital and transform connectivity between our towns and cities.”

Source : Strategic Research Institute

Bijlage:

voda 12 februari 2020 16:20

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Mr Bernhard Osburg is New Chairman of Board of thyssenkrupp Steel Europe AG

Mr Bernhard Osburg, 50, has been appointed Chairman of the Executive Board of thyssenkrupp Steel Europe AG. He succeeds Mr Premal Desai, who will step down from his position effective February 29, 2020. Due to differing views on the direction of the steel business a mutual agreement on the separation was reached. Mr Osburg has been Chief Commercial Officer of thyssenkrupp Steel Europe AG since 2019 and was previously responsible for sales management of the steel business.

Carsten Evers, 55, will join the Executive Board of thyssenkrupp Steel Europe AG as Chief Financial Officer. Evers is currently Chief Financial Officer of the Automotive Technology business of thyssenkrupp AG.

The changes on the Executive Board are subject to the approval of the Supervisory Board of thyssenkrupp Steel Europe AG.

Mr Premal Desai has held various positions in the thyssenkrupp Group since 2006 and took over as head of the strategy function of thyssenkrupp AG in 2010. From 2015 he was Chief Financial Officer and from 2019 Chairman of the Executive Board of thyssenkrupp Steel Europe AG.

Source : Strategic Research Institute

voda 12 februari 2020 16:20

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US Steel Mills Shipments in 2019 up by 0.9% YoY

The American Iron and Steel Institute reported that for the month of December 2019, US steel mills shipped 8,021,250 net tons, a 4.6 percent increase from the 7,665,006 net tons shipped in the previous month, November 2019, and a 2.8 percent increase from the 7,804,093 net tons shipped in December 2018. Shipments for 2019 are 96,178,278 net tons, a 0.9 percent increase vs. 2018 full year shipments of 95,279,566.

A comparison of December shipments to the previous month of November shows the following changes: hot rolled sheets, up 16 percent, cold rolled sheets, down 2 percent and hot dipped galvanized sheets and strip, down 4 percent.

Source : Strategic Research Institute

voda 12 februari 2020 16:21

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Patnaik Minerals and Fomento Resources Bag Iron Ore Blocks in Odisha

According to reports in Odisha media, the rights to the Mahulsukha iron ore and manganese mines in Odisha have been won by Patnaik Minerals during an auction process held by the state’s Department of Steel & Mines by bidding 92.70% of the average sale to the government of Odisha. A total of seven mining firms were competing alongside Patnaik Minerals for the rights to the Mahulsukha block, which is estimated to have reserves of 32.81 million tonnes of iron ore and 0.731 million tonnes of manganese. The iron and manganese ore block is spread over an area of nearly 400ha, out of which the mineralised area is 202 hectare, while the non-mineralised area is 197.8 hectare. The other bidders for the composite block located in the Sundargarh district were TP Sao, LTA, Freegrade, GV Mines, Yazdani, and Shyam Ore.

Fomento Resources Sociedade De Fomento Industrial Private Limited bagged Nadidih iron block in Koira cirle of Sundargarh district by committing to pay 141.25 per cent premium on the sale value of the ore to the state government. Nadidih iron ore block is one of the oldest in Koira mining sector. The mineral block with a geographical area of 73.85 hectares and mineralised area of 36.6 hectares is expected to have iron ore deposit of 20.48 million tonnes.

Other Iron Ore Blocks in Auctions
Nuagaon, Narayanposhi, Ganua, and Jajang – JSW Steel
Thakurani - ArcelorMittal India
Roida II - Khatua Narbheram & Co
Jilling-Langalota - Shyam Ore
Balda - Serajuddin and Co

The previous highest offer was 135 per cent premium by Shyam Ores

Source : Strategic Research Institute

voda 12 februari 2020 16:22

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Outokumpu President & CEO Mr Roeland Baan to Step Down in May

Outokumpu’s President & CEO Mr Roeland Baan has informed the company’s Board of Directors that he will resign from Outokumpu later this spring to take a CEO position in a company outside Finland. Mr Baan will continue as the company’s CEO until May 15, 2020. The search for Mr Baan’s successor has been underway since last autumn, and the Board expects to make a decision well ahead of Mr Baan’s departure.

He said “It has been a great honor to lead Outokumpu for the past four years. I have thoroughly enjoyed working here and in Finland. I am extremely proud of what the entire Outokumpu team has achieved since I joined in 2016. Today, Outokumpu is the leading market player with a healthy balance sheet, best in class operational efficiency and superior customer focus. We have become a more unified company with shared values, a strong performance culture and continuous drive for improvement.”

Source : Strategic Research Institute

voda 12 februari 2020 16:23

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Allegheny Health Department Announces Finalized Settlement with US Steel

On February 10, 2020, The Allegheny County Health Department announced that it finalized the settlement agreement and order with US Steel from June of 2019. Additional documents regarding the agreement include: public comment and response and the Community Benefit Trust.

The Health Department issued an enforcement order and civil penalty against US Steel’s Clairton Coke Works on June 28, 2018, due to a decrease in compliance over time. US Steel filed an administrative appeal of the entire order on July 27, 2018. As per this enforcement order, the Health Department received U.S. Steel’s action plan for compliance improvement on August 27, 2018, and ACHD approved the plan for reducing future SO2, PM 2.5 and visible emissions at the Clairton Coke Works. On October 18, 2018, the Health Department issued a civil penalty, a fine of USD 620,316, against US Steel for second quarter penalties in 2018 at the Clairton Coke Works. US Steel appealed this civil penalty.

A public hearing was held to determine the merits of US Steel’s appeal of the Health Department’s enforcement order and civil penalty that was issued in June of 2018. Proceedings began on December 3, 2018, and concluded on December 6, 2018. View ACHD's and US Steel's pre-hearing statements and ACHD's post-hearing brief and US Steel’s post-hearing brief. ACHD also submitted a reply brief and US Steel submitted a sur-reply brief. ACHD levied a fine of USD 707,568 against US Steel on April 1, 2019, for third and fourth quarter penalties in 2018 at the Clairton Coke Works. US Steel appealed this civil penalty.

On May 10, 2019, ACHD issued a civil penalty, a fine of USD 337,670, against US Steel for first quarter penalties in 2019 at the Clairton Coke Works. U.S. Steel appealed this civil penalty.

On June 28, 2019, ACHD announced that it had reached a settlement agreement with U.S. Steel to resolve all outstanding orders appeals. The agreement was put out for public comment, which began on Monday July 1, 2019 and concluded on Wednesday July 31, 2019. ACHD issued USD 743,625 in stipulated penalties against the Clairton Coke Works on January 17, 2020, for second and third quarter violations that occurred at the facility in 2019.

Source : Strategic Research Institute

voda 12 februari 2020 16:26

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Worthington Industries and Celltrio Launch Worthington RoboStor

Worthington Industries has launched a new automated liquid nitrogen freezer in collaboration with California based life sciences automation company Celltrio. The Worthington RoboStor by Celltrio is an automated liquid nitrogen freezer which provides -195°C for research and development, biobanking and cell culturing applications for up to 21,600 vials.

Worthington Industries Director of Cryogenics Mr Josh Oake said “Our customers are asking for better sample security and RoboStor provides audit trails for cell-based materials in cryogenic conditions. We are excited to work with a fantastic innovator like Celltrio to add robotic cryogenic solutions to our existing portfolio of manual cryogenic products.”

The RoboStor product launch is a result of a distribution agreement Worthington formed with Celltrio.

Source : Strategic Research Institute

Bijlage:

voda 12 februari 2020 16:27

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KIOCL Declares Q3 Financial Results

KIOCL Limited has declared Q3 financial results for the year 2019-20. Total Revenue earned from operations is INR 478.24 crores against target of INR 522.22 crores and cumulative revenue is INR 1437.88 crores against the target of INR 1396.66 crores. PAT of (-) INR 3.66 crores for Q3 and INR 17.04 crores cumulative. KIOCL CMD Mr MV Subba Rao said “During the third quarter, iron ore market was dull due to poor steel prices both in domestic and international markets, reduction in capacity utilization by global steel players except China, excess supply of iron ore pellets etc. Due to this, Company made operating loss during October & November 2019. During the month of December 2019, it has shown a substantial improvement in profit.”

Mr MV Subba Rao said “However, KIOCL exported highest percentage of pellets i.e. 82% which is very high in recent years and earned foreign exchange of INR 1138 crores.Further, with regard to the forthcoming projects of KIOCL.”

KIOCL is setting up of 180,000 tonnes capacity coke oven plant and 200,000 tonnes capacity ductile iron spun pipe plant.

Source : Strategic Research Institute

voda 12 februari 2020 16:36

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Nigeria Closes 13 Steel Companies over Low Quality of Steel Rebars

Nigerian media reported that the Standards Organisation of Nigeria has sealed 13 steel factories across the nation for standards infractions. SON task force on steel Chairman Mr Enebi Onucheyo said “The companies located in Lagos, Ogun, Osun, Abia and Edo States were shut until further notice following nationwide market surveillance carried out by the SON Task Force between November 2019 and January 2020. Samples of various steel products were obtained from the open market as well as the facilities of the companies during the surveillance period.”

He said “Laboratory tests and analysis carried out on the samples revealed that most of them failed to meet the minimum requirements for diameter and mass per meter as provided in the Nigeria Industrial Standard NIS 117:2004. These are critical parameters in the standard for reinforcement bars for concrete.”

Mr Enebi said the shutdown exercise followed earlier warnings to all the steel manufacturing companies after observed infractions with directives to ensure strict compliance with the requirements of the NIS 117:2004.

Source : Strategic Research Institute

voda 12 februari 2020 16:36

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Severstal Delivers 50,000 Tonnes of Corrosion Resistant Steel Strips to Zagorsky Pipe Plant

Russian steel maker Severstal delivered 50,000 tonnes of corrosion-resistant strip, produced at the Kolpino mill 5000, to Zagorsk Pipe Plant in December 2019 - January 2020 period. Corrosion-resistant strip K52 has a unique combination of mechanical and corrosion characteristics. The metal properties ensure the operational reliability of the pipeline operating at a pressure of up to 9.8 MPa with a minimum operating temperature of -20 ° C.

Pipes made from such sheet metal will be used in the transportation of natural gas containing hydrogen sulfide, the partial pressure of which will reach 1.5 MPa. It is the ability to ensure uninterrupted operation of the pipeline with such a hydrogen sulfide content that allows us to call the metal resistant to hydrogen sulfide cracking.

Source : Strategic Research Institute

voda 12 februari 2020 16:37

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EUROFER Updateon Steel Tube Industry in EU

EUROFER announced that production activity in the EU steel tube industry stabilised around the level seen the year earlier in the third quarter of 2019, a rather similar to situation in the first half of the year. This again confirms that due to the lower share of large tubes in EU’s product mix, output of steel tube manufacturers is now more determined by medium-sized and smaller-sized tubular products and as such have become more closely aligned with downstream sectors such as construction, automotive, the metal goods and mechanical engineering sector. Market conditions in the final quarter of 2019 are expected to remain broadly the same.

In the third quarter of 2019, output in the EU steel tube industry registered a minor fall; compared with the same quarter of 2018 production decreased by only 0.1%. This is more or less in line with very modest growth over the first half of the year and implies that steel tube production is stabilising after the slump in 2018. At the individual country level, diverging trends in output could be observed, with Germany, France and the UK as well as some smaller EU countries registering a drop in production. Meanwhile, output in Spain and Italy grew compared with the same period of 2018.

With the EU tube market relying more on the performance of the medium-sized and smaller-sized tubular products since early 2019, ongoing growth in the construction sector in the EU had a positive impact on demand for steel tubes and hollow profiles for construction applications in the third quarter of 2019. This was supportive to the offsetting of weaker demand conditions in other key sectors such the automotive industry, mechanical engineering and the metal goods sector. Meanwhile, demand for large welded tubes for pipeline projects remained in the as onshore and offshore wind energy; this has led to an increase in internal competition in the EU in an otherwise already competitive market.

Steel tube industry forecast 2020-2021 - Having stabilised at the year earlier level in 2019, output in the EU steel tube industry is expected to register very modest growth in 2020 and 2021. Demand prospects for large welded tubes from the oil and gas sector remain sluggish. In December 2019, the US authorities slapped new sanctions on the Nord Stream 2 project. The US Office of Foreign Assets Control of the Treasury ordered to ‘immediately cease construction-related activity’ in a ‘good-faith wind-down’. The order is actually not so much against investors in Nord Stream 2, but more against the engineering companies responsible for laying the pipe. Nord Stream 2 expects regulators to decide by May this year whether the natural gas pipeline linking Germany to Russia will be able to operate as planned. The outcome of the regulator’s deliberations will boil down to legal nuance that will define ‘completion’ of the project. The decision could carry additional costs and cause further delay, adding to production halts caused by U.S. sanctions. Meanwhile, several smaller pipeline projects in the Baltic and the Eastern Mediterranean region may provide for some business opportunities for EU large welded tube manufacturers, without however leading to a revival of this market segment in the near term. Demand prospects for the medium-sized and smaller-sized steel tube market segments are expected to improve very modestly over the forecast period. While growth in demand from the construction sector probably peaked in 2019 and will shift into lower gear in 2020 and 2021, business conditions in the automotive and engineering sectors is forecast to improve mildly. As in the recent past, import pressure in steel tube markets in the EU will remain high; this is the case for the commodity segment. Total steel tube output in the EU is expected to rise by 0.5% in 2019 and by 0.8% in 2021.

Source : Strategic Research Institute

voda 12 februari 2020 19:39

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Dwangsom grafietuitstoot bij Tata Steel verhoogd naar €30.000

Tata Steel in IJmuiden heeft zijn grafietuitstoot nog altijd niet onder controle. Dat blijkt uit berichtgeving van NH Nieuws over Harsco Metals, een Amerikaans bedrijf dat ruwijzerafval verwerkt op het terrein van de voormalige Hoogovens.

De Omgevingsdienst Noordzeekanaalgebied, een overheidsinstantie die toeziet op de leefbaarheid, heeft een nieuwe dwangsom opgelegd aan Harsco. Per overtreding moet het Amerikaanse bedrijf nu €30.000 betalen.

Die dwangsom is er omdat omwonenden van Tata Steel last hebben van de grafietuitstoot. Sinds het voorjaar van 2018 krijgt de provincie Noord-Holland daar geregeld klachten over, met name uit het nabijgelegen Wijk aan Zee. Daarboven komen grafietwolken geregeld tot uitbarsting.

Gekoeld grafiet
Tata-directeur Hans van den Berg gaf Harsco HSC$15,31+6,51% daarom vorig jaar de opdracht een speciale fabriekshal te bouwen vanwaaruit het grafiet niet kan ontsnappen. Die hal is nog niet klaar. Daarom wordt het spul waar het grafiet uitkomt, slak, nu gekoeld in speciale pannen. Het grafiet bereikt dan een vaste vorm en kan niet meer opstijgen in de vorm van wolken.

De vorige dwangsom bedroeg €25.000 per overtreding. Na twaalf overtredingen is deze nu verhoogd naar €30.000. Het is de derde keer dat de Omgevingsdienst de dwangsom verhoogt. Harsco heeft tot dusver €450.000 aan boetes opgelegd gekregen. Het Amerikaanse bedrijf had in 2018 een omzet van $1,7 mrd.

Schadelijk voor kinderen
Het Rijksinstituut voor Volksgezondheid en Milieu (RIVM) bracht vorig jaar een kritisch rapport naar buiten over de grafietregens. Die kunnen volgens het RIVM schadelijk zijn voor de gezondheid van jonge kinderen.

In grafiet zit onder meer lood, mangaan en vanadium, alle drie schadelijke stoffen. Van lood is bijvoorbeeld bekend dat blootstelling vooral bij jonge kinderen effect kan hebben op de ontwikkeling van hersenen. Om dezelfde reden worden nu in heel Nederland loden waterleidingen vervangen.

fd.nl/ondernemen/1334453/dwangsom-gra...

voda 13 februari 2020 09:07

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Thyssenkrupp boekt verlies

FONDS KOERS VERSCHIL VERSCHIL % BEURS
ThyssenKrupp AG
11,13 0,00 0,00 % Frankfurter Wertpapierbörse (Xetra)

(ABM FN-Dow Jones) Thyssenkrupp heeft in het eerste kwartaal van het gebroken boekjaar het verlies zien oplopen, maar handhaafde wel de outlook voor het volledige jaar. Dit bleek donderdag uit de cijfers van het Duitse industriële conglomeraat.

Terwijl de omzet volgens het bedrijf in het eerste kwartaal dat eindigde op 31 december “vrijwel stabiel” bleef op 9,7 miljard euro boekte Thyssenkrupp een nettoverlies van 372 miljoen euro. Een jaar eerder was het bedrijf nog winstgevend met een nettowinst van 60 miljoen euro.

De aangepaste EBIT daalde fors van 217 miljoen euro een jaar eerder tot 50 miljoen euro in het afgelopen kwartaal.

“De laatste cijfers zijn niet geweldig. Maar we zijn ervan overtuigd dat we op de goede weg zijn”, aldus CEO Martina Merz in een toelichting.

Ondanks deze cijfers handhaafde het bedrijf zijn outlook voor 2020. Het bedrijf mikt op een stabiele aangepaste EBIT, een dalende vrije kasstroom en een “beduidend” hoger nettoverlies.

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

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

voda 13 februari 2020 16:33

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Competition Tribunal Approves ArcelorMittal SA Acquisition of Highveld Structural Mill

South Africa’s Competition Tribunal has unconditionally approved ArcelorMittal South Africa’s acquisition of manufacturing and production of structural steel and rail business of Highveld Structural Mill (Pty) Ltd, a subsidiary of Evraz Highveld Steel & Vanadium. The Commission’s investigation found that there would be no anti-competitive effects arising from the merger. It recommended that the merger should be approved and that it would potentially benefit the public interest.

HSM is the only company capable of producing heavy sections of long steel in South Africa. It operates from its eMalahleni plant in Mpumalanga. HSM went into business rescue in April 2015 and ceased production due to weakened global markets and reduced domestic steel demand, among other factors. In 2017, HSM restarted limited production of the heavy sections.

Source : Strategic Research Institute

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voda 13 februari 2020 16:35

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Indonesia to Exclude Steel Scrap from Import List of Dangerous Waste

The Indonesia’s Industry Minister Mr Agus Gumiwang Kartasasmita said that Indonesia government will ease rules on the import of scrap for steel industry, hoping this will lead to a reduction in imports of steel billets. He said "We've decided for scrap metal, we will relax their imports because we can see the need for scrap metal in the domestic market. This will support the production of billets. The new government measure would exclude scrap metal from that list, potentially reducing the number of permits required for shipments. Local steel industry is now utilising only about 40% of its capacity, partly because companies don't have enough materials for production. If the country's mills can increase their utilisation rates, they can supply 70% of domestic steel product demand.”

The Indonesian Iron & Steel Association has long complained that steel imports, particularly from China, have hurt their business, despite anti-dumping duties applied on many types of steel products from China and other countries.

Scrap metal is currently included in the government's list of dangerous and poisonous waste. Importers of such waste must have a licence and must obtain numerous permits from the ministries of industry, environment and trade.

Source : Today Online

voda 13 februari 2020 16:37

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NMDC Targeting 50% Jump in Output in 2020-21

NMDC Ltd’s director of finance Mr Amitava Mukherjee said that it is targeting production of 48 million tonnes in 2020-21 and will surpass 32 million tonnes in 2019-20. He said that the growth in supplies will come mainly from its mines in Chhattisgarh and includes 7 million tonnes of iron ore from the Donimalai mine in Karnataka state that is currently closed. He said “As a merchant miner, we see a lot of positives in whatever is happening apart from the fact that iron ore production and prices are on an upswing.”

The Karnataka government withdrew the lease for Donimalai in November 2018 after NMDC denied higher royalties from profits demanded by the state. In October, the federal government tweaked mining rules to make the renewal of mining leases belonging to state-run companies mandatory without going through the auction process. While the matter is now pending with a Mines Tribunal, the new rules favor NMDC.

Source : Strategic Research Institute

voda 13 februari 2020 16:44

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MMK Deliveries to Pipe Industry Up by 27% YoY in 2019

Russian steelmaker Magnitogorsk Iron and Steel Works deliveries of metal products to pipe industry increased by 27% YoY to 2.56 million tonnes in 2019. This is the second largest shipment to pipe companies in the post-Soviet history of the Company. Only in 2014 did MMK manage to deliver a larger volume, when the Company delivered 2.78 million tonnes of metal products to the sector.

The pipe industry is a key segment of MMK's presence in the domestic market. In 2019, it accounted for 31% of all MMK deliveries to the Russian market. MMK firmly holds its position as Russia's largest supplier of rolling stock for the production of welded pipes. Among the main consumers of MMK's metal products are the majority of the leading pipe plants in the country: Seversky Pipe Plant, Volzhsky Pipe Plant and Taganrog Metallurgical Plant (both of which are part of TMK Group), Chelyabinsk Pipe Rolling Plant, Zagorsk Pipe Plant, TEMPO Naberezhnochelninsky Pipe Works, Novosibirsk Metal Works among others. For most of these companies, MMK is their main supplier of metal products.

Rolling stock for pipe companies is produced at hot-rolling Mills 2000 and 2500 and thick-plate Mill 5000, which since its launch in 2009, has significantly increased MMK’s production and technological capabilities for the production of hot-rolled steel which meets the needs of manufacturers of large diameter pipes. In particular, it is now possible to produce sheet metal with a width of up to 4,850 mm with a strength category of up to X120.

Source : Strategic Research Institute

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