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voda 3 oktober 2022 07:58

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Outokumpu to Invest in Biocoke & Biomethane Plant in Finland

Strategic Research Institute
Published on :
3 Oct, 2022, 6:18 am

Helsinki Finland headquartered stainless steel giant Outokumpu plans a significant investment in a biocoke and biomethane plant, aiming at reduce climate emissions and increasing self-sufficiency in energy in Finland. As a part of its ambitious climate actions, Outokumpu is planning an investment in a biocoke and biomethane plant at its stainless-steel production site in Tornio in Finland. This large-scale biocoke project has now proceeded to a phase where Outokumpu is applying for investment support totalling EUR 25 million. If realized, this project would significantly increase self-sufficiency in energy in Finland and it also has the potential to reduce carbon dioxide emissions by more than 200,000 tonnes per year. This project supports significantly the Finnish and European energy and climate targets for 2030.

The new biocoke and biomethane plant would show that it is possible to produce a new raw material from the forest industry waste that is currently burned for low-efficient energy creation purposes. The new raw material, which is called biocoke, could replace the coke that it currently imports and that is used as reductant in Outokumpu’s ferrochrome production process.

Outokumpu’s biocoke project is a result of the research done in the Towards Carbon Neutral Metals or TOCANEM program, financed by Business Finland. The biocoke project would, if realized, be one of the first new significant industrial investments to reduce carbon dioxide emissions as a result of the TOCANEM program. In the TOCANEM research program, the metal industry and research organizations have together researched possibilities to reduce carbon dioxide emissions in the production of steel and other metals.

voda 3 oktober 2022 07:58

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SSAB’s Strenx Steel Cuts Mobile Cranes of Turkish Hidrokon

Strategic Research Institute
Published on :
3 Oct, 2022, 6:20 am

Sweden’s leading steel maker SSAB announced that Turkish crane manufacturer Hidrokon is using SSAB’s Strenx high-strength steel to make its crane components lighter, safer and more durable. Hidrokon uses Strenx 700 E, Strenx 700MC Plus, Strenx 960 E, Strenx 960MC, Strenx 960 Plus and Strenx 1100 E steel across its various product ranges. Strenx steel is used to make parts including booms, outriggers and, for some crane models, the upper chassis

Since mobile cranes are mounted on vehicles, the weight of the crane and the capacity of the carrier vehicle are decisive factors for Hidrokon. With Strenx steel lighter structure is placed on a vehicle with higher lifting capacity. Upgrading from mild steel to Strenx high-strength steel has significantly increased the reliability of his company’s products and, when Strenx products are combined with Hidrokon engineering, the company is able to produce high-quality cranes without any safety concerns.

Hidrokon designs and manufactures four principal crane product groups.

The first is the knuckle boom crane, its flagship design that continues to be in great demand mainly on the domestic market.

The second is the loader crane series, developed both for the European and global markets.

The third is the telescopic boom crane, which is used for applications on vehicles, mainly in the Far East and Eastern European markets.

The last product category is marine cranes that are used in applications such as fish farming and fishing net collection.

Other Hidrokon product ranges include heavy recovery trucks and aerial lifting platforms. In addition, the company has undertaken custom projects in Turkey, such as self-propelled telescopic cranes and numerous defense industry projects, and it has also built catenary maintenance vehicles and fire trucks for foreign customers.

Located in Konya in the Anatolian region of Turkey, Hidrokon was founded in 1993 as a joint venture between three business partners but has operated as a family business since 1997. These days, Mr Memis Kütükcü runs the company alongside his son Mr Yildirim Esat Kütükcü and daughter Ms Sevde Kütükcü Aydin.

voda 3 oktober 2022 07:59

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Walsin Lihwa to Takeover of Cogne Acciai Speciali by 2022 End

Strategic Research Institute
Published on :
3 Oct, 2022, 6:24 am

Local media has reported that the Italian government has given the go-ahead for the sale of the majority of European leading manufacturer of stainless steel long products Cogne Acciai Speciali to the Taiwan’s stain less steel specialist Walsin Lihwa. After activating the golden power, the presidency of the Italy’s Council of Ministers approved the transaction that provides for the transfer of 70% of the Aosta steel plant to the Taiwanese corporation. The closing of the acquisition is expected by 2022 end.

Taiwan's Investment Review Committee has also granted approval for stainless and special steelmaker Walsin Lihwa Corporation to establish an investment vehicle in Luxembourg through which the Taipei-based firm will acquire a controlling stake in Cogne Acciai Speciali. The approval allows Walsin Lihwa Europe SARL to be established to invest the equivalent of USD 220 million for a 70% stake in CAS.

Based in Aosta and established some 50 years ago, Cogne Acciai Speciali is leading manufacturer of stainless steel and nickel alloy long products, providing manufacturing services of melting, casting, rolling, forging and machining Employing 1,400 people, it has sales bases in 15 countries and a production capacity of about 220,000 tonnes per year. The company's products are mainly used in the automotive, oil and gas, aerospace, medical and mechanical processing industries. In 2021, Cogne Acciai Speciali had a turnover of EUR 645 million.

Established in 1966, Walsin is an industrial conglomerate with operations spanning wire and cable, stainless steel, and renewable energy. With over 20 production and sales sites worldwide, Walsin products are widely used across industrial, automotive, oil and gas and consumer sectors.

voda 3 oktober 2022 07:59

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Hunan Valin’s Xiangtan Steel to Build Wire Rod Line

Strategic Research Institute
Published on :
3 Oct, 2022, 6:26 am

Changsha Hunan Province based state owned Chinese steel maker Hunan Valin Steel’s subsidiary Xiangtan Iron & Steel Co has decided to invest CNY 700 million (USD 98 million) in building an advanced high-speed wire rod production line with an annual output of 600,000 tonnes per year to meet the growing demand for special steel in the automotive, machinery manufacturing and energy sectors. The construction will commence shortly and the production line is scheduled to be commissioned next September 2023

The production line will include advanced spring steel, cold heading steel, bearing steel, steel cord, wire rope/prestressed strand/steel for bridge cable, welding wire and structure steel,

Hunan Valin Steel was founded in 1997. In 2005, Netherlands-registered Mittal Steel bought a 37.17% stake in Hunan Valin Steel Tube Wire, a subsidiary of Valin, for USD 314 million. In 2009, Hunan Valin Steel acquired a 16.5% stake in Australia's third biggest iron ore producer at the time, Fortescue Metals, for USD 771 million. Mittal Steel agreed to a joint venture with Hunan Valin Steel in 2014 to enter the Chinese car market. The joint venture went operational in June 2014 with an estimated annual production capacity of 1.5 million tonnes, producing various metal parts for chassis and wheels. Hunan Valin announced a major company restructuring in 2016. This decision caused ArcelorMittal to transfer roughly 10% of its shares in Hunan Valin Steel, worth CNY 1.1 billion (USD 166 million), to the state-owned China Reform Fund.

Valin Steel operates production bases in Xiangtan, Loudi and Hengyang in Hunan province, and Yangjiang in South China's Guangdong province. Xiangtan Steel has a steelmaking capacity of 12 million tonnes per year and mainly produces wide and heavy plates, wire rods and bars.

voda 3 oktober 2022 08:00

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ArcelorMittal Brasil Orders Danieli Rolling Mill for Long Products

Strategic Research Institute
Published on :
3 Oct, 2022, 6:28 am

Danieli announced that a new complete rolling mill and reheating furnace will be installed at ArcelorMittal Brasil’s Barra Mansa Works to produce 400,000 tonnes per year of quality bars and medium sections, increasing the production capacity of the plant at the most competitive OpEx. The mill will produce profiles, spring flats, angles-channels-beams, rounds, and squares, 6-2 meters long square billets and blooms reheated by the new Centro Combustion walking-beam furnace, according to final product and process needs. It is expected to start operation within mid-2024

The complete, 15 housingless stand mills will feature a rake-type cooling bed with a water-cooling system and heat-retaining hoods based on process requirement and a multi-strand straightening machine with a quick-changing device, followed by finishing services.

The stacking facilities will supply packages between 4.3-15-meter long, weighing between 1.5 and 5 tonnes.

Danieli Automation process control and systems will ensure easy operation and material tracking throughout the entire process.

In addition to engineering and technological supply, the contract includes on-site training and advisory services.

voda 3 oktober 2022 08:01

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TRA Changes Recommendations on AD Duty on Chinese Rebar

Strategic Research Institute
Published on :
3 Oct, 2022, 6:31 am

In a change to its interim conclusions, the UK’s Trade Remedies Authority has proposed that measures on imports of rebars from China be kept. Although the TRA’s initial findings in its statement of Essential Facts indicated that keeping the measure could result in supply issues for HFP Rebar, the TRA has considered import data and economic forecasts which have become available since the publication of the SEF, and responses to the SEF received from case participants, and now propose to change its recommendation. The Trade Remedies Authority plans to recommend that existing measures that have been in place since 2016 on imports of High Fatigue Performance Steel Concrete Reinforcement Bars from China be extended.

Following publication of its interim findings, the TRA considered additional submissions from case parties and new import data. This indicated that the falling levels of imports from Russia and Belarus were being compensated for by rising imports from other countries. In addition, forecasts for the UK economy have declined since the SEF analysis was conducted so the TRA expect demand from the UK construction industry to grow less rapidly. Taking this additional data into account, the TRA now recommends extending the measure on HFP Rebar imports.

Earlier, as part of its transition review into anti-dumping measures on HFP Rebar, the TRA conducted an Economic Interest Test which considered a range of factors, including the impact of maintaining or revoking the measure on UK producers and consumers. The TRA’s investigation analysis indicated that falling imports from Russia and Belarus could cause significant issues to the supply chain and have a damaging effect on the UK’s construction industry. Therefore the TRA concluded that extending the measure would not be in the overall economic interest of the UK.

HFP Rebar, also known as reinforcement steel and reinforcing steel, is typically used in the construction industry to reinforce concrete and masonry structures to strengthen and hold the concrete in tension.

voda 3 oktober 2022 08:01

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Tata Steel Mining Receive Responsible Chromium Recognition

Strategic Research Institute
Published on :
3 Oct, 2022, 6:32 am

Tata Steel Mining Limited has received the prestigious Responsible Chromium recognition from Paris based the International Chromium Development Association based in Paris. The Responsible Chromium recognition bestowed on it after a rigorous sustainability assessment and with a verified rating from the independent sustainability rating agency Ecovadis.

ICDA had enlisted Ecovadis, a global environmental, social, and governance rating agency as per international standards, to conduct voluntary individual sustainability compliance assessments of its members. Tata Steel Mining has been awarded a Silver EcoVadis Medal which places it among the top 25% of companies assessed by EcoVadis globally.

Being granted the Responsible Chromium label recognizes Tata Steel Mining’s high standards of safe processes and best practices, ethical treatment of people and communities, eliminating child labour and modern slavery, limiting environmental impact and safeguarding the environment and fighting corruption.

Created in 1984 and based in Paris, France, the ICDA is a non-profit association that promotes the value and sustainability of chromium across the globe. Currently, the ICDA is a reference for the chromium industry that provides independent market research, health safety and environmental studies, as well as educational tools related to the benefits and uses of chromium.

voda 3 oktober 2022 08:02

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Baowu Sings Pact with Singapore Partners for Simandou Project

Strategic Research Institute
Published on :
3 Oct, 2022, 6:35 am

Media reports suggest that China Baowu Steel has signed an agreement with a Singaporean consortium to jointly develop part of the massive Simandou iron ore project in Guinea. Baowu Steel said it will form a consortium with major domestic steelmakers, infrastructure construction concerns and strategic investors to work with Winning Consortium Simandou in developing the Simandou North Iron Project in Guinea. Baowu is already participating in development of the southern part of the Simandou project.

Winning Consortium Simandou plans on commencing an iron ore mine in the Kankan Region in Kérouané Prefecture of Guinea in Africa. The Simandou area is split into four mineable blocks, Block #1, #2, #3 and #4, of which Block #1 and Block#2 are owned by WCS and is where the Simandou Project is located. WCS owns 100% of the Concession extending the entirety of Blocks #1 and #2. The Project is currently in the design, engineering and impact assessment phase, with preparation of the bulk of on-site construction planned for 2022. Construction of the full Project will take approximately 5 years to complete. The mining and mineral processing operations will run for a minimum of approximately 25 years .

Shareholding of La Compagnie du TransGuinéen is split between development partners Simfer Jersey and WCS each receiving a 42.5% equity share and the Government of Guinea taking a 15% free carry equity stake. WCS is a consortium of Singaporean company, Winning International Group (45%), Weiqiao Aluminium (35%) and United Mining Suppliers International (20%). WCS is the holder of Simandou North block 1-2

The Simfer joint venture comprises Simfer, the holder of Simandou South Blocks 3 & 4, which is owned by the Government of Guinea (15%) and Simfer Jersey (85%). In turn, Simfer Jersey is a joint venture between the Rio Tinto (53%) and Chalco Iron Ore Holdings (47%), a Chinalco-led joint venture of leading Chinese SOEs (Chinalco (75%), Baowu (20%), China Rail Construction Corporation (CRCC) (2.5%) and China Harbour Engineering Company (CHEC) (2.5%).

voda 3 oktober 2022 08:02

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NMDC’s Iron Ore Production Recovers in Chhattisgarh in September

Strategic Research Institute
Published on :
3 Oct, 2022, 6:37 am

Indian iron ore giant NMDC announced that its iron ore production was 2.73 million tonnes in September 2022 up 1% YoY, while sales totaled 2.69 million tonne up 7% YoY

September Production

Chhattisgarh - 1.84 million tonnes up 11% YoY

Karnataka - 0.89 million tonnes down 14% YoY

Total - 2.73 million tonnes up 1% YoY

------------------------------------

April September Productions

Chhattisgarh - 11.27 million tonnes down 4%

Karnataka - 4.91 million tonnes down 17%

Total - 16.18 million tonnes down 9%

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April September Sales

Chhattisgarh - 11.8 million tonnes down 14%

Karnataka - 5.91 million tonnes down 6%

Total - 17.71 million tonnes down 12%

voda 3 oktober 2022 08:03

0

Jingye Seeks Government Support to Scunthorpe BF’s Operational

Strategic Research Institute
Published on :
3 Oct, 2022, 6:45 am

Sky News has reported that Jingye Group has indicated that British Steel's two blast furnaces will not be commercially viable without hundreds of millions of pounds of taxpayer support and is seeking an urgent package of financial support from taxpayers amid renewed fears for thousands of industrial jobs in the north of England. The report said “While the precise scale of the support being sought by the Chinese industrial group is unclear, insiders suggested that it would need hundreds of millions of pounds to keep the Scunthorpe blast furnaces operational. It is also unclear whether any financial subsidy would be in the form of a loan or grant.”

The report quoted an insider as saying that Jingye is prepared to make thousands of people redundant if ministers rejected its request and would then plan to import steel from China to roll at British Steel's UK sites

British Steel had been formed in 2016 when Tata Steel sold the business for GBP 1 to investment firm Greybull Capital. British Steel, which is headquartered in Scunthorpe in north Lincolnshire, employs about 4,000 people, with thousands more jobs in its supply chain dependent upon the company. Jingye Group had bought British Steel out of insolvency in 2020 for GBP 50 million. As part of the deal that secured ownership of British Steel for Jingye, the Chinese group said it would invest GBP 1.2 billion in modernizing the business during the following decade.

Tata Steel, which owns the vast Port Talbot steelworks in Wales, remains Britain's biggest steel producer. It, too, has sought government support in recent months, with the Financial Times reporting in July that the Indian-owned group was seeking GBP 1.5 billion of taxpayer funding to help it decarbonize its operations.

voda 3 oktober 2022 08:07

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ArcelorMittal Idles Blast Furnace A at Gijon Plant in Spain

Strategic Research Institute
Published on :
3 Oct, 2022, 6:47 am

Europe largest steelmaker ArcelorMittal has confirmed to S&P Global Commodity Insights that it has gone ahead with its plan to temporarily shut down some of its blast furnaces in France, Poland, Spain and Germany as announced in September, due to the challenging European steel market. ArcelorMittal told S&P Global that it has not put restart dates on any of the assets, as the restart will be dictated by market conditions.

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Spain

On September 29, ArcelorMittal idled Blast Furnace A at its 4.5 million tonne per year Gijon plant in Spain, after 1 September announcement of closure due to strong competition from imports and weak demand.

The move follows the steelmaker delaying the restart of its 2 million tonne per year electric-arc furnace at Sestao, Spain, after concluding maintenance in August.

-----------

Germany

At the beginning of September, ArcelorMittal also said it would shut down one of two blast furnaces at its Bremen flat steel plant in Germany at the end of September. The two BFs at Bremen have a combined capacity of 3.8 million tonnes per year.

ArcelorMittal will also close the 600,000 tonnes per year direct reduction plant at its Hamburg long steel plant in Q3 of 2022.

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Poland

The company’s 2.2 million tonne No 3 blast furnace in Poland will also be idled sometime in the first week to 10 days of October, as per earlier announcement

It permanently shut the blast furnace at its Krakow mill in 2020.

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France

In France, ArcelorMittal has stopped production at its BF3 since September 19, with relining started and due to last six to seven weeks

Bijlage:

voda 3 oktober 2022 08:08

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German Steel Association Welcomes Electricity & Gas Price Brake

Strategic Research Institute
Published on :
3 Oct, 2022, 6:50 am

German federal government announced a comprehensive package of measures to contain the energy price crisis on 29 September. German Steel Federation W Stahl President Mr Hans Jürgen Kerkhoff said “The announced brake on energy prices, including industry, is an important step in the right direction. The steel industry and the steel-based value chains face intense international competition. They are under existential pressure due to the exploding prices for electricity and gas. Now it's all about speed and effectiveness. It is about bridging the crisis and preventing serious damage to the industrial base.”

The Federal Government wants to use a 200 billion euro package financed by the Economic Stabilization Fund to alleviate the consequences of the drastically increased energy prices for business and private consumers. In addition to direct support, the planned "economic defense shield against the consequences of the Russian war of aggression" also includes an electricity and gas price brake. The federal government wants to do without the controversial gas levy. Important branches of industry would welcome the plans, but they urged that they be implemented quickly and decisively.

Extrapolated for the year as a whole, the additional costs for electricity and gas in steel companies in Germany are currently around 10 billion euros compared to the beginning of the previous year. This is around a quarter of the turnover that the industry has achieved on average in recent years.

voda 3 oktober 2022 10:47

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Spanish scrap prices retreat more than expected
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Spanish scrap prices are continuing the downtrend started at the beginning of September, Kallanish learns from local market sources. The month started with a price of almost €450/tonne ($439.8/t) for new grade E8 and progressively decreased to end down €55/t on Friday.

“Prices have retreated after the August high by more than expected. Price deceleration is set to continue also in the first week of October as values remain impacted by softening domestic demand and production cuts at certain large mills,” one source comments. "However, the situation could be reversed, driven by movements in the international market, mainly if the latest, higher Turkish purchase prices are confirmed.”

Spanish scrap demand remains weak, with mills buying small tonnages of material to make use of an uptick in billet and rebar export offers, another source says.

“The domestic market situation looks depressed, so mills see a good opportunity in exporting rebar and billet, although shipping small volumes,” says a market participant. “Producers, however, say that, currently, their long steel prices are not very competitive and the gap with other markets will soon widen as a result of rising production costs.”

New E8 quality in the domestic Spanish market is now offered at €395/t delivered. E40 and demolition quality grade (E3) are at €360/t and €335/t delivered, respectively. E1 quality is delivered at €285-290/t.

Todor Kirkov Bulgaria

voda 4 oktober 2022 07:37

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Accident at Formosa Ha Tinh Steel’s Power Plant Kills 1

Strategic Research Institute
Published on :
4 Oct, 2022, 6:05 am

Bloomberg reported that an explosion at the gas-fired facility of Formosa Ha Tinh Steel’s thermal power plant in north-central Ha Tinh province in Vietnam on 1 October 2022 killed one worker and wounded two others. The explosion occurred during pipeline maintenance conducted by a subcontractor

Formosa Ha Tinh Steel has confirmed the report and said an investigation into the explosion is under way.

Formosa Ha Tinh Steel is a steel plant established in the Vung Ang Economic Zone in Vietnam by the Hung Nghiep Formosa Ha Tinh Steel Company under the backing of the Taiwanese conglomerate Formosa Plastics Group. Development of the plant began in the 2010s. Steel production started in May 2017.

voda 4 oktober 2022 07:38

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Sentiments Softening in Ship Recycling Market

Strategic Research Institute
Published on :
4 Oct, 2022, 6:08 am

World's leading cash buyer of ships for recycling GMS said that “Sentiments have softened across sub-continent markets once again last week, as buyers appear increasingly reluctant to commit on fresh tonnage whilst fundamentals remain so shaky, especially as the markets have witnessed across the last couple of weeks, where currencies and steel plate prices took turns in tumbling. The Pakistani Rupee has breached historical lows and despite the odd flash of appreciation, has given Gadani Buyers extreme discomfort over the course of a torturous year of monumental declines.”

GMS said “Bangladesh, likewise, has suffered a currency calamity of its own, coupled with declining steel plate prices and increased limits on establishing fresh LCs due to a dire shortage of US Dollars in the country, most Chattogram Buyers are holding back or simply unable & unwilling to offer at all on any of the freshly proposed units.”

GMS said “India has lost about USD 80 per LDT on steel prices over the last several weeks and despite gaining a marginal USD 5 per tonne last week, remains under pressure as the lowest placed of all sub-continent markets once again. The Indian Rupee has also crossed the psychologically worrying INR 80 mark, leaving Alang Buyers as worriedly cautious as their competitors.”

GMS also said “Finally, the Turkish market remains depressed and unchanged for yet another week, as there are no units available to this market and at these current levels most owners & cash buyers wouldn’t commit their units to Aliaga Buyers anyways.”

GMS concluded that “The supply of tonnage in the sub-continent had started to marginally improve but remains relatively strained as all freight sectors continue to perform, leaving demo markets starved of vessels once again. Prices therefore remain stranded below USD 600 per LDT for another week with little chance of crossing that psychological barrier any time soon. The tendency indeed seems to suggest that levels will cool off again, perhaps down to the low USD 550s in worrying signs for the recycling markets once again.”

GMS Price Assessment - India/Bangladesh/Pakistan – Week 39 Unchanged

Dry Bulk – USD 550-570 per LDT

Tankers - USD 560-580 per LDT

Containers - USD 570-590 per LDT

voda 4 oktober 2022 07:39

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MMK Adopts Comprehensive Environmental Plan

Strategic Research Institute
Published on :
4 Oct, 2022, 6:10 am

Russian steel giant Magnitogorsk Iron & Steel Works has adopted an updated Environmental Program. According to the document, the company's investments in environmental protection activities in the current year will amount to 26,847 million rubles. The main investments will be related to the construction of new environmental facilities in the coke production of PJSC MMK as part of its comprehensive reconstruction, including the construction of a coke oven battery No. 12, as well as the reconstruction of a biochemical plant and a shop for capturing and processing chemical products. In total, about 14 billion rubles will be allocated to these facilities.

The environmental program for 2022 provides for the implementation of 29 measures to protect atmospheric air in all key areas of the plant. The total investment in this area will exceed 9 billion rubles. Projects have already been implemented for the reconstruction of dust and gas collection plants and gas exhaust tracts of converters No 1, 2 and 3, as well as the pig iron overflow department of the oxygen-converter shop; a project for the reconstruction of gas cleaning and gas exhaust tracts of electric arc furnaces in an electric steel-smelting shop. The implementation of all planned activities will reduce gross emissions of pollutants by six thousand tons per year and reduce the value of the complex index of air pollution (KIZA) of Magnitogorsk to the level of 5.4 units.

Also this year, eight projects are planned aimed at reducing water consumption and reducing pollutant discharges. Their implementation will reduce discharges by 600 tons due to zero discharges into the Magnitogorsk reservoir and a reduction in discharges from the Limestone Pit. At the same time, water consumption from the Magnitogorsk reservoir is planned to be limited to no more than 122.46 million cubic meters per year. Stocking activities will continue: in 2022, 30,000 juvenile grass carp and 50,000 silver carp will be released.

Among other areas of the Environmental Program are measures to reduce and prevent the impact of industrial waste on the environment, as well as land reclamation and landscaping. The key event in this direction will be the liquidation of the Eastern Quarry of Magnitnaya Mountain with the restoration of disturbed lands on an area of more than 100 hectares. 1.2 billion rubles will be allocated for these purposes. 826 trees and 4,449 shrubs will be planted to restore the landscape and greenery on the territory of PJSC MMK, and another 1,915 different plants will be planted in the city.

voda 4 oktober 2022 07:40

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AISI Releases Annual Statistical Report for 2021

Strategic Research Institute
Published on :
4 Oct, 2022, 6:12 am

The American Iron & Steel Institute has released its 2021 Annual Statistical Report. The report highlights that, in 2021, shipments from domestic steel mills measured 94.7 million net tons, up 17% YoY while raw steel production was 94.6 million net tons, up 18% YoY

The report also shows that steel imports into the United States increased for the first time in four years. Total steel imports increased 43% YoY in 2021, while finished steel imports increased 41% YoY & captured a 21% share of apparent steel consumption.

The report also notes that the construction and automotive industries continued as the leading end-use markets for shipments of US-produced steel products.

The AISI ASR report is the most comprehensive reference of its kind, providing extensive coverage of the American steel industry and selected statistical data on the Canadian, Mexican and global steel industries.

voda 4 oktober 2022 07:42

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ArcelorMittal Kryvyi Rih Restarting Coke Oven Batteries 5 & 6

Strategic Research Institute
Published on :
4 Oct, 2022, 6:14 am

Ukrainian steel maker ArcelorMittal Kryvyi Rih has begun the process of putting into operation the complex of coke batteries No 5 & 6, which were forced to stop due to the full-scale invasion of Ukraine by Russian troops in February. The company will put coke battery No 8 into operation on 3-4 October & battery No 5 on 5-6 October.

ArcelorMittal Kryvyi Rih said “Due to the technological features of these units' start-stop, city residents can observe periodic yellow emissions. This effect is temporary and can be observed over the territory of coke-chemical production. This is a normal process and should not cause any concern to the citizens. We ask kryvorížcív for the opportunity to warn neighbors and acquaintances about it and keep calm. All processes are under the control of specialists "ArcelorMittal Kryvyi Rih.”

The recent reconstruction of these coke batteries is one of ArcelorMittal's key investment projects. The use of modern technology and environmental measures on the No 5 & 6 Coke Batteries has allowed the company to reduce pollutant emissions by 1,600 tonnes per year.

Bijlage:

voda 4 oktober 2022 07:43

0

Hiap Teck's Reports 60% YoY Drop in Q4 Net Profit

Strategic Research Institute
Published on :
4 Oct, 2022, 6:15 am

Malaysian steel maker Hiap Teck Venture recorded a net profit of MYR 24.48 million in the fourth quarter ended on 31 July 2022, a 60% drop from MYR 60.48 million in the same quarter last year amid lower profit margin for its downstream operating subsidiaries as a result of the higher cost of goods sold and the write-down of inventories to net realizable value. The group's quarterly revenue, in contrast, jumped 135% YoY to MYR 386.5 million from MYR 164.83 million, mainly contributed by both higher sales volume and average selling price

For the full FY22, Hiap Teck's net profit slipped by 5% YoY to MYR 156.01 million from MYR 163.43 million despite revenue climbing by 46% to MYR 1.58 billion from MYR 1.08 billion.

Hiap Teck said it takes cognizance of the challenges and heightened volatility in steel prices and financial markets, and will continue to adopt prudent procurement strategies and inventory management to optimize financial performance and preserve balance sheet strength. Given the higher cost of inventories, Hiap Teck's management is highly cautious about the group's performance in the coming quarter as the recent decline in steel prices will have an adverse effect on the group's margins.

Hiap Teck Venture Berhad in Malaysia was incorporated in 1993. Through its successful wholly-owned subsidiaries, HTVB holds more than 25 years of extensive steel industry experience, offering one-stop steel product solutions for steel application to a diverse customer base both domestic and international in multiple sectors such as building construction, manufacturing, engineering and oil and gas.

voda 4 oktober 2022 07:44

0

US Steel Production Capacity Utilization Recovers in Week 39

Strategic Research Institute
Published on :
4 Oct, 2022, 6:19 am

American Iron & Steel Institute announced that in the week ending on 1 October 2022, US’s domestic raw steel production was 1.700 million net tons while the capability utilization rate was 77.1%. Production was 1.839 million net tons in the week ending 1 October 2021 while the capability utilization then was 83.3%. The current week production represents a 7.6% decrease from the same period in the previous year. Production for the week ending 1 October 2022 is up 1.0% from the previous week ending 24 September 2022 when production was 1.683 million net tons and the rate of capability utilization was 76.4%.

Southern: 746 KNT

Great Lakes: 549 KNT

Midwest: 196 KNT

North East: 138 KNT

Western: 71 KNT

Adjusted year-to-date production through 1 October 2022 was 66.118 million net tons, at a capability utilization rate of 79.6%. That is down 4.1% from the 71.047 million net tons during the same period last year, when the capability utilization rate was 81.0%

Vertraagd	7 mrt 2025 17:36
Koers	30,480
Verschil	-1,690 (-5,25%)
Hoog	31,770
Laag	30,480
Volume	4.319.928
Volume gemiddeld	3.001.505
Volume gisteren	8.534.283

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