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voda 27 juli 2017 20:07

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British Steel playing important role in £92 million rail research project

British Steel is playing an important role in a partnership between the rail supply industry and eight universities which has secured a £92 million funding package to establish the UK as a global centre for railway excellence.

The venture – part of the newly-created UK Railway Research and Innovation Network (UKRRIN) - has won £28.1 million of funding from the UK Research Partnership Investment Fund (UKRPIF) managed by the Higher Education Funding Council for England (HEFCE).

It follows a bid successfully led by the University of Birmingham and the funding will be boosted by £64 million of support from 17 industrial partners including British Steel, Alstom, Siemens and Bombardier Transportation.

Peter Smith, British Steel Managing Director Rail, said: “We are delighted to be working with our partners on this vital research initiative which will further enhance the UK’s reputation as a world leader in rail transport.

“Our research and development and rail technology experts have worked closely to support the bid and it’s exciting to know that, in partnership with our industrial and academic colleagues, British Steel will continue to play a leading role in creating and making products to improve rail networks across the globe. This is vital in making rail transport the preferred choice for its customer base – be they the travelling public or freight operators.”

The funding will be used to create three linked world-class centres of excellence:
Digital Systems - located at the University of Birmingham. It will focus on railway control and simulation, data integration and cybersecurity, condition monitoring and sensing, and improved methods for technology introduction.

Rolling Stock - led by the University of Huddersfield in collaboration with the Newcastle and Loughborough universities. It will focus on high value rolling stock systems, whole life asset optimisation and through-life management, and energy management.

Infrastructure - led by the University of Southampton in collaboration with the University of Sheffield, Loughborough University, the University of Nottingham and Heriot-Watt University.
Infrastructure is a key part of the project and it will see the University of Sheffield and University of Huddersfield partnering with British Steel in this work.

The centres of excellence, together with existing UK Rail Test Centres, are the foundation of UKRRIN, bringing together the UK rail supply industry and academia to undertake world-leading research and innovation in rail.

The UKRRIN will support delivery of the ambitious Rail Technical Strategy and is aligned with the aims of the Government’s Industrial Strategy.
With these world class centres of excellence, the UK rail supply industry will be able to develop world-leading new technologies and products for trains, railway systems and infrastructure that will deliver a better, more reliable and efficient railway.

Dr David Fletcher, Director of the Rail Innovation and Technology Centre at the University of Sheffield, said: “This is an exciting collaboration for academia and industry. The University of Sheffield will play a key part in this research, using our expertise in railway infrastructure to power the future of railway innovation in the UK for years to come.”

Universities and Science Minister Jo Johnson said: "The UK's world-renowned leadership in science, research and innovation is helping to solve a range of national and global challenges, and the breadth of the projects funded today means this will continue.

“Through our Industrial Strategy and £4.7 billion investment for research and development, we're ensuring we capitalise on the great work taking place in universities across the UK and remain at the forefront of innovation."

Dr Iain Roche, Head of Innovation at HS2 Ltd, said: “HS2 will be a transformative project for the UK rail sector. It will require world leading innovative approaches to delivering infrastructure projects alongside cutting-edge design.

“The formation of this UK network is great news for the sector and I’m absolutely sure it will help us bring the innovation required for HS2 to become reality.”

Darren Caplan, Chief Executive at the Railway Industry Association, said: “We have been delighted to help bring our members together in an unprecedented cross industry collaboration to secure this funding which will, for the first time, provide the ‘open to all’ innovation space which our industry has lacked.

“We look forward to UKRRIN supporting suppliers, large and small, to catalyse the developments which will help secure the future of the UK rail supply chain.”

The initiative is being supported by a range of clients and stakeholders including Network Rail, HS2 Ltd, Transport for London, Rail North and the Department for Transport.

britishsteel.co.uk/news-events/britis...

voda 27 juli 2017 20:12

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Leading technology specialist joins Liberty’s global drive for sustainable steel

Sanjeev Gupta’s Liberty House Group has stepped up its drive to become an international leader in sustainable steel production by recruiting one of the industry’s most experienced technologists to its management team.

Eric Vitse, who has led technology strategies for ArcelorMittal and Turkey’s Erdemir Group, is to become Liberty’s global chief technology officer, spearheading the group’s move towards clean, low-carbon methods across all of its industrial operations, from mining and energy through to high-value engineered products.

French national Mr Vitse is currently chief technology officer for Erdemir, Europe’s third largest steel producer, following a three-decade career with ArcelorMittal and previously French-owned Usinor, which merged with Arcelor in 2001.

As chief technology officer for ArcelorMittal in the Americas he was responsible for capital investment strategy and technical oversight across more than 40 steel-making facilities with combined capacity of over 40m tonnes per annum.

Over the past two years he has led Erdemir’s engineering transformation programme, devising and implementing a wide range of innovative technologies, processes and solutions to support the Group’s strategy for growth and global best practice. This included securing environmental best practice solutions and vertical integration opportunities.

He achieved a major expansion of the Group’s research and development capability and established a technical academy to nurture a new generation of engineers for the business.

Sanjeev Gupta, executive chairman of the Liberty House Group said: “Eric’s appointment is a key milestone in our journey to becoming a leading sustainable steel producer. We will implement the latest technologies in all our plants from scrap processing, to lower-carbon electric arc furnaces, to the latest technologies in primary steel making and mining, all designed to improve efficiency and lower the carbon footprint of our business. Eric has decades of experience as CTO in leading international steel groups and joins us at an exciting time as we undertake the substantial development of steel assets both in the UK and Australia. We look forward to capitalising on his extensive experience and knowledge.”

Mr Vitse said: “I’m very excited to join such a forward-looking group that will play a key part in taking world steel production to the next generation, both technologically and culturally. Liberty’s focus on GREENSTEEL is absolutely essential for the future, and technology must provide the bold and secure solutions the industry needs to sustain itself long-term.”

www.libertyhousegroup.com/news/leadin...

voda 27 juli 2017 20:15

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Chollima Steel Complex in North Korea contributes to economic growth of sanctions hit North Korea

AFP reported that Chollima Steel Complex in North Korea, which has six separate furnaces, is continuing to produce steel. The plant, south-west of the capital Pyongyang, has around 8,000 staff and is one of the biggest in North Korea, operating in a sector vital to the economy of the isolated, sanctions-hit country. Production has averaged 500,000 tonnes annually over the past three years.

Deputy chief engineer Mr Kim Gil Nam would not be drawn on its full capacity, and whether output was rising or falling, but two of the six furnaces were undergoing maintenance when AFP visited.

But Mr Kim, who has "Safeguard the country" tattooed on his left forearm, a souvenir of his graduation from middle school, insisted that the plant's operations had not been hit by the measures. He told "Our great president Kim Il Sung built a plant in the 1960s that can produce the raw material under any sanctions racket. So although we say we are short of iron on a national level and we are short of this and that, our complex has not really been affected by the sanctions racket by US imperialists."

The steel plant was first built in 1939 when Korea was a Japanese colony and occupying authorities concentrated industrial development in the northern part of the country, regarding the south as an agricultural breadbasket.

Pyongyang does not issue any official economic statistics, not even GDP growth, regarding such numbers as state secrets, so no national steel production figures are available.

Source : AFP

voda 27 juli 2017 20:24

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Klöckner & Co SE announces best half-year results in six years

Operating income (EBITDA) of €140 million in first half of 2017, compared with €88 million in the prior-year period

Share of sales generated through digital channels progressively raised to 15% in second quarter of 2017

Full-year forecast of significant increase in EBITDA by more than 10% confirmed
Duisburg, Germany, July 26, 2017 – Klöckner & Co’s sales increased in the first half of 2017 by a substantial 11.7% to €3.2 billion, driven chiefly by prices.

Operating income (EBITDA) improved even more strongly by 58.6% to €140 million. Alongside the more favorable price situation, optimization measures were the other main driver of the earnings performance. Net income more than tripled to €59 million, compared with €19 million in the prior-year period. Earnings per share rose accordingly from €0.18 to €0.59.

Klöckner & Co is thus on track to attain its target of increasing full-year EBITDA by more than 10% relative to the €196 million prior-year figure. The forecast for third-quarter EBITDA, however, at €35 million to €45 million, is below the very strong level seen in the preceding quarters due to the less favorable price situation observed recently.

Klöckner & Co has made good progress in implementation of its "Klöckner & Co 2020" strategy. The share of sales generated via digital channels thus progressively increased to 15% in the second quarter of 2017. Plans are to further expand digital sales with measures including the newly launched online shops in Austria and the Netherlands. Beginning in Germany, the online shops are also to be opened up to third-party vendors, initially for complementary products. That is an important precursor stage to an open industry platform that also includes competitors, the first version of which is to be launched before the end of this year.

The Company also further expanded business with higher value-added products and services. The first section of a service center that processes aluminum flat products for the automotive and manufacturing industries came into operation at Bönen in North Rhine-Westphalia, Germany. Marking a major investment of some €35 million, the center is planned to reach its full processing capacity of 80,000 tons of aluminum a year as early as 2018.

Klöckner & Co is also fully on schedule in implementing its "One Europe" optimization program. By further centralizing Klöckner’s European activities, the program kicked off at the beginning of the year has already delivered a visible contribution to operating earnings of €5 million in the first six months. This figure is to increase to €30 million a year by 2019.

Gisbert Rühl, CEO of Klöckner & Co SE: "Under our ‘Klöckner & Co 2020’ strategy, we are optimizing our core business and investing in higher-margin, increasingly digital activities. With the confirmation provided by our positive earnings performance, we will systematically continue along the same path."

About Klöckner & Co:

Klöckner & Co is one of the largest producer-independent distributors of steel and metal products and one of the leading steel service center companies worldwide. Based on its distribution and service network of around 170 locations in 12 countries, the Group supplies more than 130,000 customers. In addition to companies in the construction industry as well as machinery and mechanical engineering, Klöckner & Co serves customers in the automotive and chemical industry, in shipbuilding and in fields of household appliances, consumer goods and energy. Currently Klöckner & Co has around 8,700 employees. The Group had sales of around €5.7 billion in fiscal 2016.

The shares of Klöckner & Co SE are admitted to trading on the regulated market segment (Regulierter Markt) of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse) with further post-admission obligations (Prime Standard). Klöckner & Co shares are listed in the SDAX®-Index of Deutsche Börse.
ISIN: DE000KC01000; WKN: KC0100; Common Code: 025808576.

Contact person Klöckner & Co SE:
Press
Christian Pokropp – Press Spokesperson
Head of Corporate Communications
Phone: +49 203 3072050
Email: christian.pokropp@kloeckner.com
Investors
Christina Kolbeck
Head of Investor Relations & Sustainability
Phone: +49 203 3072122

www.kloeckner.com/en/klockner-co-se-a...
Email: christina.kolbeck@kloeckner.com

voda 27 juli 2017 20:26

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HDFC Bank, Axis earmark higher provisions for cos in iron, steel & telecom sectors

Money Control reported that private banks are continuing to feel the strain from exposure to iron & steel and telecommunications industry. Taking preemptive measures, HDFC Bank and Axis Bank have made additional provisions towards standard assets in these sectors. HDFC Bank, country's second largest private bank, set aside INR 206.3 crore towards the stressed telecom and iron & steel sectors. Axis Bank, third largest private bank, made one percent additional provisions of INR 184 crore towards standard assets in four sectors -- iron and steel, telecommunication services, power and infrastructure construction sectors.

A higher provisioning will lead to more capital outgo for these banks impacting their profitability in the upcoming three quarters.

Source : Money Control

voda 27 juli 2017 20:47

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Brazil to lift royalties on iron ore

WA Today reported that Brazil's government unveiled sweeping changes to its mining code, boosting royalties in the latest move to reduce a budget deficit amid a sluggish recovery from the country's worst recession on record. Royalties for iron ore will rise to as much as 4 per cent, depending on market prices, from 2 per cent currently. The new rules, effective immediately, include the creation of a new agency to oversee the mining industry.

Brazil has tried to modernize mining regulations dating from 1960, but a bill drawing up a new mining code has been stalled in Congress for years, creating uncertainty in the industry and discouraging investment.

Political turmoil and a collapse in commodity prices impeded the advance of reforms, but efforts to control a bulging budget deficit have led the government to focus on raising royalties.

Officials said in December that the government would break the bill into three parts to ease passage through Congress: the creation of a new regulator, government revenue from the sector and rules governing mineral extraction.

Brazil's Vale this month said iron ore output would close the year near the bottom of its forecast of 360 million to 380 million tonnes, despite record production for a second quarter in the April to June period.

Source : WA Today

voda 27 juli 2017 20:53

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Environment protection is number one priority - Cliffs Natural

WTOL reported that more than 100 full-time jobs with salaries averaging USD 90,000 is coming to the Toledo area. Mr Lourenco Goncalves who is the president, chairman and CEO of Cliffs Natural Recourses said with pride and authority said that the environment was one of their number one priorities in considering where to build their new plant. He stressed the iron and steel industry has a responsibility to protect the environment.

Mr Goncalves said that "We are going to generate things that we should not dispose, we cannot dispose. We need to transform that thing into something that we can safely do it without creating a consequence for the environment."

To do that, it's going to come at a cost.

Mr Goncalves said the state-of-the-art plant will turn iron ore into briquettes for the steel industry.

But it will do so with virtually no negative impact on the Maumee River. This is very different from China, which is leading the world in iron production.

Mr Goncalves said that "The rest, so the vast majority 90% are not. They are more like we were 100 years ago that's not being competitive. That's being crazy."

Mr Goncalves said what's also crazy is that it was as if the Ironville property was waiting for them. But, Paul Toth of the Port Authority said prepping this location took years, a USD 25 million investment and a vision for economic growth on the east side.

Mr Paul Toth, President of Toledo-Lucas County Port Authority said that “But once all of a sudden you create this new investment people start feeling good about themselves, coming to work, making money investing in their own homes. As you look around and see communities that have reinvented themselves, this is really a part of what we see happening on the east side."

Mr Goncalves also said he's not hoping for a 2020 start of production, he guarantees it.
WTOL

Source : WTOL

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voda 27 juli 2017 21:00

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Kumba Iron Ore announces significant improvement in productivity and efficiencies delivered

Themba Mkhwanazi, Chief executive of Kumba, said: "I am pleased to report that Kumba has delivered on our key objectives set for the first half. Kumba was fatality free and improved significantly on all key safety indicators. Our operational performance was again encouraging, with another step change in productivity from the revised Sishen mine plan and enhanced fleet efficiencies. This resulted in a 23% improvement in production.

"Stronger operational performance and commodity prices resulted in the operating margin improving to 36% from 29% in 1H16, and headline earnings increasing 53%. Cash flow conversion was strong with operating free cash flow up 48% to R8.3 billion resulting in a robust R13.5 billion net cash position.

"This has enabled us to resume dividend payments, with an interim dividend of R5.1 billion declared representing R15.97 per share. While the overall progress has been very encouraging, substantial effort was required simply to offset cost inflation and there is no room for complacency. The team is therefore examining every aspect of the value chain in order to improve Kumba’s ability to endure any future price volatility."

KEY FEATURES
Fatality free and reduced lost-time injuries
Productivity improvement resulted in production of 21.9 Mt, up 23%
Improved financial performance with strong cash generation
Revenue of R21.5billion, up 22%
Headline earnings of R4.6 billion, R14.42 per share, up 53%
Balance sheet strengthened with net cash of R13.5 billion
Dividend reinstated - R15.97 per share interim cash dividend

Source : Strategic Research Institute

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voda 27 juli 2017 21:25

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Fives supplies Bronx straightener to Baosteel

Global industrial engineering group Fives has been contracted by Baosteel Special Metals Shaoguan to design and supply a Bronx straightening machine to process high-yield, heat-treated premium quality steel bars. The Bronx two-roll straightener PBRV6 is a fully automatic, motorised machine, complete with ancillary electrical and hydraulic control systems, which can process steel bars up to 80mm in diameter at operating speeds of up to 75m/min. The machine will be designed and pre-assembled at Fives’ workshop in England and supplied to China at the end of this year.

Ms Jane Zhang, who represents Fives Bronx in China, said it was a very smart machine. She said “All work roll and guide bar functions are set automatically from the HMI panel, located within the operator’s control desk. Advanced heat treatment processes and profile technology enables the machine work rolls to provide greater product straightness and ‘ovality’ criteria, before re-profiling or roll change becomes necessary.”

Fives has been designing Bronx straightening machines since the 1950s. Today, more than 800 Bronx straightening machines have been designed and supplied in over 50 countries.

They are custom-engineered machines suitable for cold or hot rolled bars and they provide straightening solutions for virtually any material composition and any sizes ranging from 5mm to over 200mm, according to Fives.

Bronx machines are used worldwide, provide a high level of productivity along with excellent standards of straightness, surface finish and controlled surface hardness, the company claims.

Source : Steeltimesint

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voda 27 juli 2017 21:26

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Indonesian steel producers urge to monitor imports better

Indonesia Investments reported that Indonesian steel manufacturers urge the Indonesian government to improve the monitoring of steel trade as rising steel imports undermine the performance of domestic steel producers. Mr Hidayat Triseputro Executive Director of the Indonesian Iron and Steel Industry Association said that domestic steel production capacity is indeed not enough to meet domestic steel demand. However, importers are currently taking advantage of the import policies, and this comes at the expense of expansion of the domestic steel industry.

Indonesian steel importers can enjoy free import duties on alloy steel. However, many of these importers are actually importing carbon steel (that have a very low alloy content). Therefore, this import policy of the government is not tight enough. Currently, the government is studying the issue.

Indonesia and other ASEAN countries have become major export markets for Chinese steel. China, the world’s largest steel producer, is plagued by a major steel oversupply and therefore is in a position to competitively export steel to ASEAN nations.

Although steel imports into Indonesia declined in June 2017, Mr Triseputro replied that declining steel imports is a normal phenomenon during the Ramadan month ahead of the Idul Fitri festivities. Based on data from Indonesia’s Statistics Agency (BPS), Indonesia imported USD 450.4 million worth of steel in June 2017 (in terms of volume this is equivalent to 735,528 tons), down nearly 25 percent YoY from steel imports in the same month one year ago. However, these data are distorted because the Ramadan and Idul Fitri started earlier this year.

Source : Indonesia Investments

voda 27 juli 2017 21:28

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Tinplate Company to source raw materials outside Tata Steel

DNA India reported that Tinplate Company, a Tata Enterprise, would now source raw materials outside Tata Steel to increase its profitability. Chairman of Tinplate Mr Koushik Chatterjee told shareholders at the company's AGM here today that so far, the company followed the conversion route of making tinplates from hot rolled (HR) coils sourced from Tata Steel. He said that although sourcing from Tata Steel would continue, Tinplate would now have the flexibility to get supplies from other sources if such a need arose.

He said that "This will help boosting profitability of the company.”

Mr Chatterjee said that the prices of tinplates were dependent on prices of HR coils. He said that when the HR coil prices are low, Tinplate's margins rise and vice-versa.

The company was also looking at growth aggressively to counter competition from other domestic firms and foreign competition.

He said that Tinplate's market share within the country was 43%, and ten per cent globally along with Tata Steel Europe.

Mr Chatterjee said the company was working closely with Tata Steel Europe to develop new product mix by using the R&D centre based in Netherlands.

Source : DNA India

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voda 27 juli 2017 21:31

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China Baogang Group on fast track to success

China Daily reported that steel giant Baogang Group is on track to expand its thriving business operations through the Belt and Road Initiative. The sprawling State-owned conglomerate is one of the largest steel rail manufacturers in the world with a production capability of 2.1 million metric tonnes.

But now the group plans to increase its exports as part of President Xi Jinping's initiative, which aims to connect Asia, Africa and Europe to a modern version of the ancient Silk Road.

Mr Liang Zhengwei chief engineer at Baogang's rail-making factory said that "As the world's largest steel rail manufacturing base by capacity, Baogang will increase exports to more Asian and European economies related to initiative. About 10 out of 25 countries and regions across the world, which have imported our products, are involved in the initiative.”

Customers from Vietnam, Malaysia, Indonesia and the Philippines make up just part of Baogang's overseas order book.

Fueled by the Belt and Road Initiative, massive infrastructure projects are being rolled out, including new railway networks.

They need steel rails and bars to support them, boosting Baogang's foreign business operations.

Mr Liang said that "Many of the rail construction projects are undertaken by Chinese companies, which are Baogang clients. They are like ships taking us overseas."

Last year, Baogang exported 98,000 tonnes of steel rails to countries and regions related to the initiative, data from the company showed, with assets worth 166.7 billion yuan (USD 24.6 billion).

Founded in 1954, the group expects to wheel out 1.8 million tonnes of steel rails this year, an increase of 10.4% compared to 2016.

Obviously, steel rails made by the conglomerate are heavily used in mega-railway projects in China.

Mr Liang said that more than 30 percent of the rails here are produced by Baogang.

Source : China Daily

voda 27 juli 2017 21:46

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China imports 5.79 million tonne of coking coal in June 2017

Platts reported that China’s coking coal imports in June at 5.79 million tonnes were little changed on the year, while recovering from a drop in volumes in May. Mongolia was the largest source of imports in June, with 2.6 million tonnes, followed by Australia with 2.22 million tonnes. The two sources switching around compared to June 2016 when Australia was the largest.

Imports grew from 4.65 million tonnes in May. Australia shipped only 655,000 tonnes in May, as shipment volumes fell from Queensland, the largest source of seaborne met coal cargoes, following a cyclone.

The next largest origins for June imports were Russia with 369,000 tonnes, the US 286,000 tonnes and Canada 251,000 tonnes.

Source : Platts

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voda 28 juli 2017 15:07

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Beursblik: S&P Equity Research verhoogt koersdoel ArcelorMittal

Koersdoel naar 23,00 euro.

(ABM FN-Dow Jones) S&P Equity Research heeft vrijdag het koersdoel voor ArcelorMittal verhoogd van 21,00 naar 23,00 euro bij een ongewijzigd Houden advies.

De koersdoelverhoging volgt op de kwartaalresultaten van de staalreus van een dag eerder. Volgens analist Jit Hoong Chan waren deze beter dan verwacht. De marktvorser heeft de verwachtingen voor de winst per aandeel in 2017 en 2018 opwaarts bijgesteld, vanwege hogere verwachtingen voor de marges en omzet.

ArcelorMittal sprak zich positief uit over de rest van het jaar en verwacht meer staal af te kunnen leveren dan eerder, als gevolg van een iets betere mondiale vraag.

Maar de analist blijft desalniettemin bezorgd over de vraag naar staal, die volgens hem nog altijd zwak is. Daarbij is er volgens de marktvorser geen structurele oplossing voor de overcapaciteit in de wereldwijde staalmarkten.

Op een rood Damrak noteerde het aandeel ArcelorMittal vrijdag 1,4 procent lager op 22,05 euro.

Door: ABM Financial News.

info@abmfn.nl

Redactie: +31(0)20 26 28 999

Copyright ABM Financial News. All rights reserved

(END) Dow Jones Newswires

voda 28 juli 2017 16:54

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Blockade fails to dent Qatar steel business

Gulf Times reported that steel business in Qatar has remained robust despite the economic blockade imposed by the Saudi led bloc, providing bigger opportunities for local steel companies to expand their operations. Al Shaheen Aluminium, UPVC and Glass Factory operation manager Mr Abd El Qader told Gulf Times that they are working hard to meet the increasing demand for such products and services in Qatar. He pointed out that “Now, construction is booming in Qatar and most companies want to complete their projects on time. Without aluminium, there will be no building, stressing that the blockade has not affected their business.”

Mr El Qader was speaking on the sidelines of the two-day ‘Buy Local Products’ exhibition organised by Qatar Development Bank, which concluded yesterday.

According to El Qader, The authorities require construction projects (hotels, villas and commercial buildings, among others) in the country to use fire rated aluminium windows and doors, especially in kitchens. He said that “This is to prevent a fire from spreading in a building, and we also have these products.”

Mr El Qader said the growing demand for glass, aluminium and UPVC (unplasticised polyvinyl chloride) glass has also prompted them to expand operations in Qatar.

Apart from aluminium and steel products, he cited a high demand for services such as installations and management in accordance with international standards a reason for a company to have highly-skilled and professional employees.

Al Jaber Group, including Al Jaber Steel, has been operating for more than 20 years and involved in several big-ticket projects in the country, according to Qasim.

He said pre-engineered building work is in demand in Qatar now as it is less costly than building a concrete structure.

Source : Gulf Times

voda 28 juli 2017 16:56

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Steel official calls for intelligent platform for steel industry in China

China Daily reported that Mr Gan Yong, president of the Central Iron & Steel Research Institute and chairman of the Chinese Society for Metals, has called for upgrading in China's iron and steel industry, to take the opportunity of the government's Made in China 2025 initiative. He told “An intelligent steel industry platform supported by big data can not only help to eliminate overcapacity but also optimize the industrial structure and increase industry profits.”

He said “The platform is a commercial ecology system jointly built and operated by several companies, which share resources and profits. If a company were on the platforms, it could survive. Otherwise, it will die. We have long been talking about intelligent production process within a company, however, intelligence in the whole industry is more important. An intelligent internet platform is the best and effective way to solve the problems in the pillar industry in China."

He said “There are many individual steel companies in China, which lead to fierce competition and a waste of resources, while mergers and acquisitions between giant corporations are not easy and may bring huge financial burdens.”

Mr Gan said “The big data system solves the problem through capacity utilization adjustment. Cloud calculation gives the participants clear advice on the production variety and specific levels of production, eliminating blind production and arranging output capacity reasonably. Setting up intelligent platforms is a central course: they join as a group, but they are independent in finance, management and staff. Companies on the platform can cooperate with upstream and downstream firms, as well as former competitors.”

He said that sharing resources and information in supply-chain, design, manufacturing and service, they achieved a win-win situation. He said “For instance, steel companies can bargain jointly with domestic and foreign iron ore providers like international giant Rio Tinto and BHP Billiton, reducing costs to the lowest level.”

In addition, the platform can easily realize industrialization for technological achievements, and provide financial support for research and production, said Gan.

He added "Of course, we still need some time to set up the intelligent platforms, but steel giants should realize their necessity, feasibility and urgency, with advance of the technology.”

Source : China Daily

voda 28 juli 2017 16:59

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Iran starts new 1.2 million tonne CMIC-Pamidco billet plant

Financial Tribune reported that a new steel plant with a production capacity of 1.20 million tonne per year of steel billet has started operations in Yazd Province of central Iran. The new unit, which is owned by Iran’s Chadormalu Mining & Industrial Company and Parsland Mines & Industries Development Company, features an electric arc furnace and a six-strand continuous caster, according to German equipment supplier SMS Group.

The CMIC-Pamidco plant is the latest entrant in the Iranian domestic billet market where capacity has been building in recent years. State-supported projects yet to come on stream in the country have a combined billet-making capacity of around 6 million tonne per year.

Iranian slab-making capacity is also set to rise. The Austrian division of technology provider Primetals Technologies is involved in establishing a 2.80 million tonne per year slab-making unit in Kerman Province in southern Iran.

Source : Financial Tribune

voda 28 juli 2017 16:59

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Brazilian steelmakers pressing for AD measures against China and Russia

According to the Brazilian Steel Institute, which represents steelmakers that operate in the country, Brazilian government should soon enact anti dumping measures to steel imports from China and Russia. The anti dumping measures are currently under review by the government and could be sent to Brazil's Foreign Commerce Chamber in September to the last review and subsequent approval. IABr vice president and Usiminas chairman Sergio Leite said that "In the coming days we should have a government decision, with the issue addressed during a Camex meeting in September.”

According to him, IABr is not in favor of protectionism in international trade, but wants isonomy regarding foreign markets, claiming that Brazilian companies have a larger tax burden than the Chinese and other steel exporters, which makes the Brazilian steel less competitive.

IABr also said that it intends to take measures against other countries' protectionism - a reference to a potential increase in the steel products imports tariff in the United States.

IABr chairman, Mr Marco Polo of Mello Lopes said that "We are planning a delegation to the United States, which, if approved by the IABr board, will be aligned with the government and ministers. The goal is to go to Washington to defend the national industry interest.”

Source : Business Insider

voda 28 juli 2017 17:01

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Philippines customs seizes steel pipes from China

GMA News reported that a shipment of steel pipes from China was intercepted by the Bureau of Customs at the Port of Davao. The BOC said The BOC Enforcement and Security Service seized the shipments valued at P1.5 million on July 3. The steel pipes were declared as 2,060 packages of square tubes from Xiamen, China, consigned to Yagnas 08 Importation Trading of Purok 17 Blk. 4 Lot 2 Bongbong in Malagamot, Davao City, the BOC noted.

The shipper was identified as Shenzhen Chuangfufeixiang Commerce Co Ltd with office address at South Wing Fu Bldg 23A Building State-owned Enterprises, Step Futian District in Shenzhen, China.

The importers did not have an import clearance from the Department of Trade and Industry's Bureau of Product Standards, the BOC said.

The ESS-Port of Davao recommended a warrant of seizure and detention against the shipment for violating Section 1113 of the Customs Modernization and Tariff Act (CMTA) of 2016.

The shipment is now at the Sasa Wharf container yard holding area to preserve the value and quality of the seized steel pipes, the BOC said.

The shipment will be auctioned off, it added.

Source : GMA News

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voda 28 juli 2017 17:18

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Vale Production Report for Q2 of 2017

Vale iron ore production achieved a record for a second quarter of 91.8 Mt in 2Q17, 5.8% higher than in 2Q16, mainly due to the ramp-up of S11D in the Northern System. The Northern System, which comprises the Carajás, Serra Leste and S11D mining areas, achieved a production record of 41.5 Mt in 2Q17, 13.7% higher than in 2Q16 as a result of the S11D ramp-up, which is advancing according to plan.

Blended volumes in Asia totaled 14.8 Mt in 2Q17, 9.8 Mt and 3.7 Mt higher than in 2Q15 and 2Q16, respectively, as a result of the ongoing strategy to bring more flexibility to the integrated supply chain by increasing offshore blending capacity, thus enabling rapid responses to changes in market conditions.

Iron ore production will be within the lower end of the 360-380 Mt guidance range for 2017, and in line with the ongoing strategy to maximize margins.

Nickel production reached 65,900 t in 2Q17, 7.7% lower than in 1Q17 and 16.1% lower than in 2Q16, mainly due to the rebuilding of furnace #2 in advance of the transition to a single furnace operation and the scheduled maintenance shutdown in Sudbury.

Copper production was 100,800 t in 2Q17, being 6.2% and 4.6% lower than in 1Q17 and 2Q16, respectively. The decrease was mainly due to lower production in Sudbury as a result of the scheduled maintenance shutdown at the surface plants and mines.

Production of copper in concentrate at Salobo reached a record for a second quarter of 46,000 t, 13.0% higher than in 2Q16, mainly due to higher feed grades and stronger plant performance in 2Q17.

We are revising our nickel production guidance to 295,000 t in 2017, reflecting weaker than planned production results at our operations in Thompson, New Caledonia and Indonesia. For both finished production from New Caledonia and Indonesia, there is a lag in the impact of the weaker site production as the material is processed to finished product at our Asian refineries. Our revised copper production guidance is 447,000 t in 2017, reflecting the impact of unplanned maintenance in the mines in Sudbury, lower third party copper ore deliveries and higher than planned grade variability in Salobo.

Coal production in Mozambique reached a quarterly record of 3.0 Mt in 2Q17, 24.8% and 101.8% higher than in 1Q17 and 2Q16, respectively, with two thirds of total production being of metallurgical coal. Logistics operations in Mozambique reached all-time records, with railed volume[2] reaching 3.1 Mt in 2Q17, 15% higher than in 1Q17.

Zie pdf voor cijfers:

Source : Strategic Research Institute

Bijlage:

Vertraagd	10 feb 2025 17:39
Koers	27,200
Verschil	-0,160 (-0,58%)
Hoog	27,230
Laag	26,360
Volume	3.104.041
Volume gemiddeld	2.545.814
Volume gisteren	7.160.096

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