DeBeurs.nl

voda 30 maart 2020 16:28

0

ZIMASCO Suspends Ferrochrome Operations Due to Coronavirus

Pindula reported that Zimbabwe’s Kwekwe-based integrated ferrochrome producer, ZIMASCO (Private) Limited has temporarily suspended smelting operations after stainless steel making markets Europe and Asia stopped operations due to the novel coronavirus pandemic. ZIMASCO operations will resume once marketing conditions are suitable for continued trade. CEO John Musekiwa said “Please be advised that ZIMASCO will temporarily halt its smelting operations as a response of the curtailment/stoppages of stainless steel production that has happened in the mainly stainless steel making regions of Europe, Asia and China within the last few months.”

ZIMASCO’s Kwekwe smelter has an operational capacity of 180 000 tonnes of ferrochrome per year.

Source : Pindula

voda 30 maart 2020 16:29

0

Operations in 21 Iron Ore Mines in Odisha Auction to get Delayed ove Coronavirus Fears

Business Standard reported that the outbreak of the deadly Covid-19 pandemic has queered the pitch for seamless continuity in operations of 21 iron ore, manganese and chromite mines in Odisha. To facilitate a smooth transition in ownership of mines and their uninterrupted operations, the government, through an Ordinance, extended the validity of all statutory permits by two years. The state government too, showed alacrity in completing auction formalities well before the end of lease tenure of mines. But a nationwide lockdown to contain the spread of coronavirus and the consequential delay in paperwork needed to resume these mines is bound to delay the recommencement of the mines. BS report quoted a source as saying that “Only a few critical departments of the state machinery are functioning amid this Covid-19 induced lockdown. Since the steel & mines department is not operative now, the new leaseholders have to wait for necessary approvals. All successful bidders need a vesting order from the department before they could extract ore from the blocks.”

The delay in timely resumption of merchant mines had raised fears of demand-supply mismatch. Together, the 21 mines have approvals to raise around 70 million tonnes per annum. Most of the small to mid scale steel plants, sponge iron units and pellet makers are dependent on the merchant ore market to feed their units.

Source : Business Standard

voda 30 maart 2020 16:31

0

Luzhou Xinyang I&S Selects Danieli Bar Mill Technology

Currently in its engineering phase, the high-speed bar mill of Luzhou Xinyang I&S China will produce 1.4 Mtpy of rebar products in the range from 12- to 40-mm diameter, for grades HRBF 400E - 500E. Starting from 165-mm diameter billets weighing up to 2,500 kg, the new mill will operate at speeds up to 240 tph. The main equipment to be installed includes four housingless stands followed by a split-rolling arrangement for finish rolling of different product ranges. For product sizes between 12 and 22 mm diameter there will be two lines, each with four-pass blocks operating at finishing speeds of up to 45mps. Larger-diameter products will be rolled on a central line through two housingless stands. A dual, high-speed twin-channel arrangement will complete the supply, to perform the fast discharge of the bars on the cooling bed.

The plant will be equipped with a water-cooling system for on-line cooling of bars, in order to obtain a final product with Ultra-Fine Grain (UFG) structure.

The high-speed technological equipment will be manufactured at Danieli HQ and will integrate the equipment supply manufactured by Danieli China.

First billet rolling is planned for the end of 2020.

Source : Strategic Research Institute

voda 30 maart 2020 16:37

0

Severstal Employee Suspected of Having Coronavirus Isolated

Russian steelmaker Severstal said that one of its employees was suspected of having coronavirus after travelling from Moscow to Cherepovets on a business trip with his wife. Severstal said the employee and those he came into contact with had been isolated and that he did not have any direct contact with production staff.The head of the Vologda region, where Cherepovets is located, said in a statement two people had received a preliminary diagnosis of suspected coronavirus - a husband and wife pair and they had been hospitalised.

He also introduced new quarantine restrictions in the region, shutting down all venues where people gather in large numbers, including shopping malls and cafes.

Source : Reuters

voda 31 maart 2020 09:06

0

Staalreus ArcelorMittal schroeft productie terug door coronavirus

Gepubliceerd op 31 maart 2020 08:58 | Views: 196

08:58 - Staalreus ArcelorMittal schroeft productie terug door coronavirus
ArcelorMittal 30 mrt
7,98 0,00 (0,00%)

LUXEMBURG (AFN/BLOOMBERG) - Staalreus ArcelorMittal gaat zijn productie tijdelijk terugschroeven in lijn met de gedaalde vraag door de coronacrisis. De snelle verspreiding van het virus en de strenge maatregelen van overheden raken de economie en de industriële toeleveringsketen, aldus de grootste staalproducent ter wereld.

ArcelorMittal zal de situatie in verschillende markten afzonderlijk beoordelen omdat de sterkte van de virusuitbraak per land verschilt. Het concern ziet momenteel Europa als de hardste getroffen regio. Daarnaast lijkt de situatie in Noord- en Zuid-Amerika, Afrika, India, Rusland en Oost-Europa te verslechteren. In verschillende landen houdt ArcelorMittal fabrieken wel draaiende, onder meer om aan de vraag naar verpakkingsmateriaal te voldoen.

Om de weggevallen omzet te compenseren zal ArcelorMittal een beroep doen op de steunpakketten van overheden. Daarnaast houdt het concern zijn kosten tegen het licht en stelt waar mogelijk uitgaven uit. De staalfabrikant verwacht om daarover een update te geven bij zijn presentatie van eerstekwartaalcijfers op 7 mei. De aandeelhoudersvergadering wordt overigens uit veiligheidsoverwegingen uitgesteld tot 5 mei.

ArcelorMittal zet daarnaast zijn technologie voor 3D-printen in om beademingsapparatuur te maken. Een experimenteel model daarvan wordt binnenkort ter goedkeuring aangeboden aan ziekenhuizen.

voda 31 maart 2020 09:35

0

ArcelorMittal brengt productie terug

FONDS KOERS VERSCHIL VERSCHIL % BEURS
ArcelorMittal
8,34 0,365 4,58 % Euronext Amsterdam

(ABM FN-Dow Jones) ArcelorMittal heeft de industriële activiteit in alle regio's waar het bedrijf actief is significant zien afnemen of verwacht dat deze onder druk komt te staan als gevolg van de corona-uitbraak en zal in reactie hierop de productie terugbrengen. Dit maakte het staalconcern dinsdag bekend.

Om de gevolgen van de huidige en nog door te voeren restricties op te vangen, treft ArcelorMittal maatregelen die de kaspositie van het bedrijf moeten beschermen en de bedrijfskosten in lijn moeten brengen met de lagere productie.

Dit betekent dat het bedrijf ook gebruik maakt van de coronafaciliteiten die verschillende overheden ter beschikking hebben gesteld.

ArcelorMittal maakt op 7 mei de resultaten over het eerste kwartaal van dit jaar bekend en zal dan naar verwachting ook een update verschaffen over de kasbehoefte.

De aandeelhoudersvergadering die voor 5 mei op de agenda stond, gaat op die datum niet door.

Het staalbedrijf besloot eerder deze maand al om diverse hoogovens stil te leggen en productieniveaus te verlagen, toen bleek dat de vraag naar staal terugliep als gevolg van de corona-uitbraak.

Het aandeel ArcelorMittal noteerde dinsdag op een groen Damrak, 4,2 procent hoger.

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

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

voda 31 maart 2020 15:53

0

Update regarding the impact of COVID-19
Tue March 31, 2020 2:00 AM|GlobeNewswire|About: MT

31 March 2020, 08:00 CET

Further to the statement issued on 19 March, ArcelorMittal today provides an update on the impact of COVID-19.

Firstly, we would like to recognise the resilience and flexibility of our global workforce, whose health and well-being is our first priority. Where possible, employees are working remotely from home. Where assets continue to operate, we are following the recommendations from government as well as the World Health Organisation (‘WHO’). We appreciate this brings new challenges for everyone and are working together as a community to support each other through these unprecedented times.

The global escalation of COVID-19 and the measures introduced by governments worldwide to contain the virus are negatively impacting economic activity and industrial supply chains in many parts of the world. Consequently, we are either seeing or expect to see a significant decline in industrial activity in many if not all of the geographic markets in which we operate, which is impacting our business.

In response we are reducing production and temporary idling steelmaking and finishing assets, adapted on a country by country basis in alignment with regional demand as well as government requirements. This will not necessarily happen uniformly at assets across the globe given the escalation of the virus is at different points in different regions. While Europe is currently the epicenter, according to official WHO data cases in the NAFTA region have now exceeded those in China, with cases also increasing in Africa, India, South America and the CIS. Where demand for our products continues, for example for food packaging, we will endeavour to maintain reduced operations to ensure we can meet customer’s requirements.

In order to mitigate the impact of the lower level of production we are implementing significant measures to preserve cash and reduce costs in-line with reduced production levels. This includes accessing measures introduced by governments to support companies throughout these unprecedented times. We are thankful to all governments for their swift introduction of such measures which will be critical to many industries as we navigate this period.

The current market volatility and uncertainty is tough for every country, every individual and every company. We are however buoyed by the fact our company has in recent years prioritised the strengthening of its balance sheet to provide a strong financial foundation in all market conditions. Net debt is at a record low, we have a very manageable debt maturity profile having used available cash to prepay debt in recent years and also benefit from a significant liquidity position. We intend to provide updated guidance on our 2020 cash requirements, including capital expenditure, when we announce our first quarter 2020 results on 7 May 2020. In order to ensure the safety and wellbeing of our employees, shareholders and stakeholders, we have however decided to postpone the AGM planned for 5 May 2020. A new date will be communicated in due course.

Like many in the private sector, we are attempting to harness our skills and resources in a useful and collaborative way to help address the challenges presented by COVID-19. Specifically, we have focussed our actions on collaborating to address the severe lack of the required safety and medical equipment, including face masks and ventilators. Our businesses across the world have now collectively donated to various initiatives. We have also been utilising our global network to help facilitate the transfer of equipment to and from regions most impacted. For example, in February we actively helped source masks for China. Now that China appears to have passed its peak, we are working with our associates there to help bring medical equipment to the countries now facing an escalation and particularly those, such as India and Liberia, that will struggle to source adequate supplies.

Furthermore, we have also been able to contribute the 3D printing expertise of our R&D team to a global effort focussed on developing a 3D printed ventilator prototype. This prototype will be tested imminently in hospitals and, if successful, will massively increase the ability to rapidly produce ventilators. We are now focussed on the prototype for a more advanced ventilator which also has the ability, in addition to providing lungs with oxygen, to feeding medicine incorporating AI algorithms.

Finally, where excess capacity exists, we are offering space to medical facilities to host additional wards. We are proud of the initiatives our employees are taking to provide social and humanitarian support during this time.

ENDS

About ArcelorMittal

ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and an industrial footprint in 18 countries. Guided by a philosophy to produce safe, sustainable steel, we are the leading supplier of quality steel in the major global steel markets including automotive, construction, household appliances and packaging, with world-class research and development and outstanding distribution networks.

Through our core values of sustainability, quality and leadership, we operate responsibly with respect to the health, safety and wellbeing of our employees, contractors and the communities in which we operate.

For us, steel is the fabric of life, as it is at the heart of the modern world from railways to cars and washing machines. We are actively researching and producing steel-based technologies and solutions that make many of the products and components people use in their everyday lives more energy efficient.

We are one of the world’s five largest producers of iron ore and metallurgical coal. With a geographically diversified portfolio of iron ore and coal assets, we are strategically positioned to serve our network of steel plants and the external global market. While our steel operations are important customers, our supply to the external market is increasing as we grow.

In 2019, ArcelorMittal had revenues of $70.6 billion and crude steel production of 89.8 million metric tonnes, while own iron ore production reached 57.1 million metric tonnes.

ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).

For more information about ArcelorMittal please visit: corporate.arcelormittal.com/

voda 1 april 2020 07:46

0

Aperam stelt aandeleninkoop uit wegens coronavirus

Gepubliceerd op 1 april 2020 07:18 | Views: 156

Aperam 31 mrt
19,28 0,00 (0,00%)

LUXEMBURG (AFN) - Roestvrijstaalproducent Aperam stelt de start van zijn eerder aangekondigde aandeleninkoopprogramma met zes maanden uit. Het bedrijf wil afwachten hoe lang en hoe zwaar de uitbraak van het nieuwe coronavirus de wereldeconomie zal treffen.

Aperam heeft door de pandemie een groot deel van zijn fabrieken moeten sluiten om de gezondheid van werknemers niet in gevaar te brengen. Het bedrijf heeft al forse maatregelen genomen om de kosten te verlagen en vindt het daardoor verstandig om nu geen kapitaal te steken in de terugkoop van aandelen. Dividenden worden wel uitbetaald.

voda 1 april 2020 07:48

0

Aperam stelt inkoopprogramma eigen aandelen uit

FONDS KOERS VERSCHIL VERSCHIL % BEURS
Aperam
19,28 0,00 0,00 % Euronext Amsterdam

(ABM FN-Dow Jones) Aperam heeft het inkoopprogramma van eigen aandelen met zes maanden uitgesteld in het licht van de coronacrisis, maar handhaaft het dividend. Dit liet de fabrikant van roestvast staal woensdag voorbeurs weten.

Aperam wil eerst de exacte impact van de virusuitbraak op de economie afwachten, voordat wordt overgegaan tot het inkopen van eigen aandelen. Eerder al kondigde Aperam kostenbesparingen aan met het oog op het coronavirus, zoals het sluiten van een aantal productielijnen in Europa.

Het bedrijf was van plan om tot 100 miljoen euro aan eigen aandelen in te kopen met een maximum van 3,8 miljoen aandelen.

De fabrikant stelde zijn aandeelhouders in februari een dividend voor van 1,75 euro per aandeel.

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

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

voda 1 april 2020 15:52

0

UNESID Urges Spanish Government to Exempt Steel Industry

The Association of Steel Producers and Primary Steel Processors in Spain UNESID has sent a letter to the Ministry of Industry to try to resolve a situation, basically because between 35 and 40 of the 60 existing steel facilities in Spain cannot stop their activity within a period of one day, as the Government has decreed. Others, such as blast furnaces, would take around five months to do safely. Unesid general director Andrés Barceló said “We found out when the BOE was published, at 11:35 PM. From there, there were many calls. The employer leader also pointed out that the fact that the BOE was published almost at dawn took time to plan production stops.”

Mr Barceló is confident that Minister Reyes Maroto can resolve the doubts that the decree has generated among the companies associated with Unesid and mediate with the sole command of the Covid-19 crisis.

Another issue of concern to the steel industry is to close and leave facilities in uninhabited areas without security personnel. He even regrets that the maintenance stops that some industries had foreseen due to the current situation of stoppage of activity will not be possible.

Source : Strategic Research Institute

voda 1 april 2020 15:52

0

Metalloinvest Invests in the Environmental Programme

Metalloinvest has approved the Environmental Programme for 2020-2025. The programme provides for more than 21 bn roubles of investment towards range of technological and environmental measures with a direct environmental effect at all Metalloinvest’s production sites. 70% of the programme budget will be allocated towards the Clean Air project aimed at improving air quality.

Along with the implementation of the flagship project, the Environmental Programme provides for the following projects: “Green Steelmaking/Implementation and Achievement of BAT”, “Clean Water”, “Zero Waste”, “Clean Land”, “Biodiversity and Protected Areas”, “Environmental Monitoring”, “Reduction of Greenhouse Gas Emissions”, “Recycling/Efficient Use of Resources”, “Development of R&D to Reduce Environmental Impact”, “Environmental Improvement in Regions of Presence”, “Environmental Culture, Education, Training of Staff”, “Environmental Management”.

The key objectives of the Environmental Programme by 2025 are:
Reduction of atmospheric air emissions by 7%;
Full transition of Mikhailovsky GOK and OEMK to a closed-loop water recycling system – elimination of wastewater discharges into water bodies;
Gradual transition of Lebedinsky GOK to a closed-loop water recycling system – reduction of wastewater discharges by 50% (Ural Steel operates a closed water recycling system that excludes wastewater discharges);
100% processing of technological waste and materials (not including overburden and tailings of Lebedinsky GOK and Mikhailovsky GOK);
33% reduction of overburden formation at Lebedinsky GOK and Mikhailovsky GOK as a result of the construction of conveyor facilities;
1 million tonne reduction in greenhouse gas emissions (CO2 equivalent) from Metalloinvest's iron ore consumers. The programme targets will be specified based on the results of an independent environmental audit in 2020.

The implementation of the Environmental Programme will reduce:
Specific emissions of harmful gases from the production of pellets;
Specific emissions from the enrichment of iron ore;
Water consumption from surface sources;
Volume of technological waste generation and disposal.

The following is planned as part of the programme:
Modernisation of the gas-cleaning facilities at the pellet plant of Lebedinsky GOK;
Technical re-equipment of the gas-cleaning drums of the crushing and conveyor facility of Mikhailovsky GOK;
Reconstruction and development of the gas-cleaning facilities at Ural Steel;
Modernisation and development of water recycling systems at Lebedinsky GOK, Mikhailovsky GOK and OEMK;
Construction of additional treatment facilities at Lebedinsky GOK;
Other projects.

Source : Strategic Research Institute

voda 1 april 2020 15:53

0

Isdemir to Stop Blast Furnace for Maintenance

Turkish OYAK Mining ad Metallurgy group’s Isdemir has decided to temporarily halt operations at its largest blast furnace. The company has decided to conduct repair works in order to avoid any possible consequence from the explosion at the facility which occurred at the end of last year. The blast furnace, capable of over 7,000 tonnes of hot metal production per day, will be stopped in early April for a period of 30 days. The stoppage of the facility, which normally covers around 40 percent of Isdemir's pig iron requirement, will mainly affect the company’s billet and wire rod production activities.

Currently, Isdemir is running three blast furnaces with a total capacity of around 5 million tonnes per year. The fourth facility has been idled for a while, with the company carrying out the construction of a new blast furnace to replace it and to add around 1 million mt of pig iron production.

Source : SteelOrbis

voda 1 april 2020 15:53

0

NLMK to Revise Capital Allocation in 2020

Due to increased volatility on global markets associated with the COVID-19 outbreak, NLMK Group is withdrawing its previously issued guidance on 2020 capex programme of USD 1.1-1.2 billion for a downward revision. Commencement of certain expansion projects could be postponed. At the same time, the Company is proceeding with its major overhauls at NLMK Lipetsk primary steelmaking operations scheduled for 2020.

Cash and cash equivalents, as well as short-term liquid financial investments on the Company’s balance sheet currently stand at USD 1.56 billion (+79% vs. 31 December 2019). Available credit lines are estimated at an additional $0.8 billion. NLMK’s current level of liquidity creates a safety buffer to ensure uninterrupted business operations.

The Company’s net debt stands at USD 1.9 billion (+5% vs. 31 December 2019). Average cost of debt remains low at 3.16%. NLMK has sufficient liquidity to cover all short-term debt maturities, including renewable working capital lines.

Source : Strategic Research Institute

voda 1 april 2020 15:54

0

ArcelorMittal Update Regarding the Impact of COVID-19

ArcelorMittal has provided an update on the impact of COVID-19. It said “The global escalation of COVID-19 and the measures introduced by governments worldwide to contain the virus are negatively impacting economic activity and industrial supply chains in many parts of the world. Consequently, we are either seeing or expect to see a significant decline in industrial activity in many if not all of the geographic markets in which we operate, which is impacting our business. In response we are reducing production and temporary idling steelmaking and finishing assets, adapted on a country by country basis in alignment with regional demand as well as government requirements. This will not necessarily happen uniformly at assets across the globe given the escalation of the virus is at different points in different regions. While Europe is currently the epicenter, according to official WHO data cases in the NAFTA region have now exceeded those in China, with cases also increasing in Africa, India, South America and the CIS. Where demand for our products continues, for example for food packaging, we will endeavour to maintain reduced operations to ensure we can meet customer’s requirements.”

It said “In order to mitigate the impact of the lower level of production we are implementing significant measures to preserve cash and reduce costs in-line with reduced production levels. This includes accessing measures introduced by governments to support companies throughout these unprecedented times. We are thankful to all governments for their swift introduction of such measures which will be critical to many industries as we navigate this period.”

It said “The current market volatility and uncertainty is tough for every country, every individual and every company. We are however buoyed by the fact our company has in recent years prioritised the strengthening of its balance sheet to provide a strong financial foundation in all market conditions. Net debt is at a record low, we have a very manageable debt maturity profile having used available cash to prepay debt in recent years and also benefit from a significant liquidity position. We intend to provide updated guidance on our 2020 cash requirements, including capital expenditure, when we announce our first quarter 2020 results on 7 May 2020. In order to ensure the safety and wellbeing of our employees, shareholders and stakeholders, we have however decided to postpone the AGM planned for 5 May 2020. A new date will be communicated in due course.”

It said “Like many in the private sector, we are attempting to harness our skills and resources in a useful and collaborative way to help address the challenges presented by COVID-19. Specifically, we have focussed our actions on collaborating to address the severe lack of the required safety and medical equipment, including face masks and ventilators. Our businesses across the world have now collectively donated to various initiatives. We have also been utilising our global network to help facilitate the transfer of equipment to and from regions most impacted. For example, in February we actively helped source masks for China. Now that China appears to have passed its peak, we are working with our associates there to help bring medical equipment to the countries now facing an escalation and particularly those, such as India and Liberia that will struggle to source adequate supplies.”

It said “Furthermore, we have also been able to contribute the 3D printing expertise of our R&D team to a global effort focussed on developing a 3D printed ventilator prototype. This prototype will be tested imminently in hospitals and, if successful, will massively increase the ability to rapidly produce ventilators. We are now focussed on the prototype for a more advanced ventilator which also has the ability, in addition to providing lungs with oxygen, to feeding medicine incorporating AI algorithms.”

It added “Finally, where excess capacity exists, we are offering space to medical facilities to host additional wards. We are proud of the initiatives our employees are taking to provide social and humanitarian support during this time.”

Source : Strategic Research Institute

voda 1 april 2020 16:06

0

Italian Steel Producers Risk Loosing Clients

Italian steel producers association Federacciai in an interview with Italian news agency ANSA said that Italian steel sector is 95 percent idled. Federacciai president Alessandro Banzato said "In perspective, the Italian steel industry will suffer as it will lose its presence in the markets. We may be absent for a while, but it cannot be something that lasts too long, especially if in other European countries behaviors are different. It is clear that we risk being left out. Those who have an order do not wait. If they see that you are no longer there, they look elsewhere.”

Federacciai will probably discuss with the Italian government to see if in the week before Easter or the following week it will be possible, perhaps with limits, to start thinking if we can begin to resume some production

ArcelorMittal Italia is still producing, albeit at a slower pace, but Mr. Banzato said he thinks the plant "has problems with shipments." He explained that, as many customers are on a break, producers need to stop at a certain point since they cannot accumulate excessive stocks.

Source : Strategic Research Institute

voda 1 april 2020 16:06

0

Viohalco to Suspend Production at Steel Units in Greece

Viohalco SA announced that the Boards of Directors of the subsidiaries of its steel segment in Greece, namely Sidenor SA, Sovel SA, Erlikon SA, Praksys SA and Etil SA decided on March 27, 2020, the temporary suspension of their main production activities, assigning their employees a non-active status, for one month starting from April 2, 2020 and ending on May 3, 2020, while at the same time administration staff will work on a part-time basis. During the aforementioned period, the commercial activities and delivery of raw materials at these companies will remain unaffected.

The Boards of Directors of the companies reached these decisions, due to the ongoing difficult conditions prevailing in the international steel market, which sharply deteriorated as a result of the recent COVID-19 pandemic, drastically reducing demand for their products due to the severe downturn in the construction sector and in activities using steel as a raw material. The above measures, at this stage, are expected to minimize the impact on both the cost and the liquidity of the companies, while safeguarding the steel supply chain.

It is noted that many steel mills have already taken such measures on both European and international level.

Viohalco is the Belgium based holding company of a number of leading metal processing companies in Europe. It is listed on Euronext Brussels and the Athens Stock Exchange. Viohalco's subsidiaries specialise in the manufacture of aluminium, copper, cables, steel and steel pipes products, and are committed to the sustainable development of quality, innovative and value added products and solutions for a dynamic global client base. With production facilities in Greece, Bulgaria, Romania, Russia, North Macedonia, Turkey, the Netherlands and the United Kingdom, Viohalco companies collectively generate annual revenue of EUR 4.2 billion.

Source : Strategic Research Institute

voda 1 april 2020 16:07

0

Metinvest Suspends Operation at Italian Steel Plants

Metinvest Group has suspended two of its rolling facilities in Italy. This decision was taken in connection with the COVID-19 pandemic and the Italian Government's demands to suspend the operation of steel mills in the country. The Group's plants Ferriera Valsider and Metinvest Trametal in Italy are closed until April 3, 2020 to counter the spread of the virus. It is expected that during the shutdown the production volume at these plants will decrease to 40,000 tons. The Group does not exclude that the Italian government may impose additional restrictions on the operation of steel works, under which the restriction imposed on all major or part of the operating processes at Ferriera Valsider and Metinvest Trametal will be extended. At the same time, the availability of semi-finished products inventory will allow to resume the normal pace of operation immediately after the release of quarantine, if there is a demand for steel products.

In the event of an extension of restrictions imposed on Italian plants and continued instability in the European market, Metinvest forecasts a decline in production at its Ukrainian plants, primarily, Azovstal. The Group is considering a complete shutdown of slab production at the plant.

In addition, the option of stopping Blast Furnace No. 3 at Azovstal and rescheduling the launch of Blast Furnaces No. 4 at Ilyich I&SW and No.4 at Azovstal that were shutdown for major overhauls (from April to May) is under consideration. In turn, Zaporizhstal I&SW (joint venture) does not exclude the possibility of postponement of the launch of Blast Furnace No. 5 after the scheduled reconstruction. Final decisions on the re-launch of furnaces will be made on the basis of the availability of orders in April and the current situation globally.

Excessive volumes of iron ore produced at the Group's mining assets in Kryvyi Rih due to a possible decline in iron production will be channelled to traditional markets, particularly China.

Source : Strategic Research Institute

voda 1 april 2020 16:09

0

William Hare CEO Mr David Hodgkiss Dies after Contracting Coronavirus

Bury based steelwork contractor William Hare chief executive Mr David Hodgkiss, 71, has died after contracting coronavirus. William Hare Group is a family owned business with origins in the UK dating back to the 1880s. William Hare was formally incorporated in 1945 and is now the leading independent steel fabrication company in the UK with an annual turnover in excess of GBP 190 million. William Hare operate across the world, having executed projects in over 50 countries.

Lancashire County Cricket Club said “Further to the announcement from his family, it is with great sadness that Lancashire Cricket announces the passing of its chairman, David Hodgkiss OBE. David served the club with distinction over many years including holding the offices of treasurer, vice-chairman and latterly chairman. He was much loved by everyone at Lancashire Cricket Club and respected throughout the cricketing world. Our sincere condolences and thoughts and prayers are with his family. A further statement will be released in due course but at this time we ask that everybody respects the family’s privacy.”

Last month, Hare, was appointed to the GBP 50 million steelwork contract at the Paddington Cube scheme in west London. It was set to start this July putting up the first of the 5,300 tonnes of steel at the job in west London, which is officially known as Paddington Square. It is being built by Mace.

Source : Strategic Research Institute

voda 1 april 2020 16:10

0

Samancor Chrome Invokes Force Majeure amid South Africa COVID-19 Lockdown

World’s leading ferrochrome producers Samancor Chrome has declared force majeure because of South Africa’s 21-day coronavirus lockdown. Samancor has annual capacity of about 1.2 million tonnes of ferrochrome and chromite ore. South Africa has ordered all underground mines and furnaces be put on care and maintenance status from midnight on March 26 as part of its measures to contain the spread of the virus.

Chrome and platinum producer Tharisa on Friday declared force majeure on its chrome concentrate sales agreements, while Jubilee Metals, another chrome producer, put all its operations under care and maintenance.

South Africa’s three-week coronavirus lockdown is depriving China of its main supply of chrome ore, but stainless steel producers there say they have more than three months’ worth of material – nearly 4 million tonnes – stockpiled in ports.

Source : Reuters

voda 1 april 2020 16:10

0

Tenaris Mill in Italy Prioritizes Medical-Use Gas Cylinders Order

With the health care system in the Lombardy region of Italy under severe strain from a surge in coronavirus cases, Tenaris’s Dalmine seamless mill in Italy is rushing an order for 4,300 medical-grade gas cylinders. These 14-liter tanks are used in ambulances and mobile intensive care units to treat critically ill patients, which are overwhelming emergency rooms and hospitals.

Demand for medical-grade cylinders in Italy has exploded during the coronavirus emergency, growing 500% in Lombardy and 1,000% in Bergamo. Medical suppliers are struggling to meet demand, as few mills can produce pipe that meets the stringent requirements for medical equipment. Dalmine is the only facility within the Tenaris industrial system that has a specialized line to produce gas cylinders. With operations scaled back due to the ongoing health emergency, Dalmine quickly modified its production schedule to accommodate this urgent order.

Source : Strategic Research Institute

Vertraagd	28 feb 2025 17:36
Koers	27,440
Verschil	-0,010 (-0,04%)
Hoog	27,510
Laag	26,950
Volume	2.533.234
Volume gemiddeld	2.646.487
Volume gisteren	2.223.038

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