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Home  /   Forum   /   Arcelor Mittal   /   Nieuws en info hier plaatsen (deel 4)

Aandeel ArcelorMittal LU1598757687

Laatste koers (eur) Verschil Volume
27,610   +3,250   (+13,34%) Dagrange 24,870 - 27,850 11.236.094   Gem. (3M) 2,5M

Nieuws en info hier plaatsen (deel 4)

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35.173 Posts
Pagina: «« 1 ... 308 309 310 311 312 ... 1759 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 23 oktober 2015 15:43
    UK scrap suppliers facing headwinds as steel mills close

    Letsrecycle.com reported that the export market for scrap metal is set to become even more important as the UK steel industry continues to decline. Metals recyclers say that the decline in UK demand for material which will follow Tata Steel cutbacks will put more pressure on metal recyclers to secure exports in a market where prices for scrap metal have reduced dramatically. More cutbacks across the UK steel industry are likely to increase pressure on metal recyclers

    Larger metal recycling companies are expected to consider rationalisation of yards while some smaller firms are expected to struggle. There will also be a knock-on effect on local authorities with the price for steel cans reduced and civic amenity site light iron falling in value to between £25-40 per tonne.

    Tata Steel announced this morning that it is to cut almost 1,200 jobs in the UK steel industry. The Tata cutbacks come just a few weeks after the SSI steel plant at Redcar in Yorkshire closed its doors with the loss of around 2,200 jobs.

    This prompted the head of the British Metals Recycling Association to argue that the government needed to intervene to encourage secondary material markets in what he described as an increasingly “desperate” situation.

    BMRA head Ian Hetherington said the announcement represented a “major blow” to domestic markets for steel scrap. Commenting on today’s job losses in the steel sector, Mr Hetherington said “It represents a further major blow to our home market for steel scrap. Our worst estimates mean 20% of our already diminished home market will disappear. Therefore in short this seriously weakens an already weak market for ferrous metals. We have got to a sad situation now where something like 80% of our recycled metal will have to be exported. So this is another move to completely undermine the domestic market for recyclables. The government and EU provide no incentives for steel makers to use recycled metal. We would like to see more measures being employed to encourage the use of recycled metal, such as an economic pull mechanism, or else it will get more desperate.”

    Source : letsrecycle.com
  2. forum rang 10 voda 23 oktober 2015 15:46
    EVRAZ Rocky Mountain Steel gets order for Southwest Chief Rail Line repair

    Fox 21 News reported that on the verge of shutting down, the EVRAZ Rocky Mountain Steel Company says they’ve now got a job to supply 11,000 tons of steel to repair the Amtrak’s Southwest Chief Rail Line. Southwest Chief is a passenger line that runs from Chicago to Los Angeles, but the line is in rough condition. Now a grant will help preserve it.

    46.9 miles of the 158 miles of bolted rail are being replaced by EVRAZ steel. It’s not only important in keeping this passenger rail system alive, but it’s also bringing big bucks to the Pueblo community.

    The Federal Transportation Investment Generating Economic Recovery, or TIGER grant, will pay for the project. And that money is going to EVRAZ to pay for the new steel. The grant, worth $12.5 million, plus an additional $9.3 million from the state, will help pay for the steel and more jobs.

    Pueblo County Commissioner Sal Pace said “This is actually a boost for EVRAZ when they’ve been laying a lot of people off in recent months. It’s significant. Pueblo County, we put $100,000 toward the TIGER grant as a local match and our local economy will receive at least $8 million back,” Pace said.

    Source : Fox 21 News
  3. forum rang 10 voda 23 oktober 2015 15:47
    Tata Steel to hike stake to 94% in New Millennium Iron Corp

    The Hindu Business Line reported that Tata Steel has reached an agreement with its joint venture partner Toronto-listed New Millennium Iron Corp to hike its stake to 94 per cent from current 80 per cent.

    Both the partners have agreed that since New Millennium would not be able to invest in the joint venture Tata Steel Minerals Canada Ltd (TSMC)’s projects now, Tata Steel’s stake would increase because of its future investment worth upto Canadian $1 billion. Consequently, New Milliennium’s stake in the joint venture would be diluted to 6 per cent from present 20 per cent.

    TSMC is pursuing a direct shipping ore project (export of iron ore fines) in sub arctic region of Canada. Tata Steel is also the largest investor in New Millennium. The DSO project, which has begun in 2013 shipments to Tata Steel’s European facilities, is yet to be fully commissioned. Meanwhile, the capital cost for the DSO project has gone beyond the C$560 million announced in October 2012 and required further investment.

    New Millennium said that current cash requirement of just over C$1billion for the DSO Project, to fund certain capital and operating expenses for the DSO properties as well as another development project on the Howse deposit, an acquired but undeveloped deposit.

    Under the new agreement, Tata Steel will invest C$524.5 million. It has also been agreed that New Millinnium’s loan to the TSMC of C$4.7 million and accrued interest of C$0.6 million would be converted into equity.

    New Millennium will be able to maintain its 6.0 per cent ownership interest until the expenditure on the project reaches C1billion. After that it will be required to pay its pro-rata share of any future cash calls over the $1.0 billion figure, according to the agreement.

    The initial production for the DSO project, for which Tata Steel has entire off-take agreement with TSML, is aimed at one million tonnes. The DSO project license area contains 64.1 million tonnes of proven and probable mineral reserves at an average grade of 58.8 per cent Fe. This project expected to commission soon its all-weather iron ore processing facility.

    Source : The Hindu Business Line
    Bijlage:
  4. forum rang 10 voda 23 oktober 2015 15:50
    Steel scrap prices at lowest levels in 11 years - BIR

    Recyclinginternational.com reported that China's continued exportation of its excess steel production in the form of semi and finished product has forced down ferrous scrap prices to levels not seen in 11 years. Mr William Schmiedel, president of the BIR ferrous division, said “Our industry needs to find new ways to compete. We cannot look to the market to help us but should rather concentrate on the things we can control, like our costs and streamlining our production wherever we can.”

    He said China's finished steel exports in July and August combined for over 19 million tonnes but even this figure was eclipsed by the record-breaking 11.3 million tonnes shipped out in September alone.”

    And in the USA, scrap inventories have exceeded mill demand for the last quarter and thus provided domestic steel mills with an opportunity to 'continually reduce scrap prices month over month'. When consumers looked to lop US$ 50 off scrap prices in October, 'most scrap sellers capitulated and took any orders they could find'. This weakness appears set to persist into November as many mills’ order books remain weak and scrap 'continues to overhang the domestic market'.

    The summary of the EU market puts Chinese billet at around US$ 260 per tonne - or a reduction of approximately US$ 80 since July. HMS into Turkey has duly dropped to US$ 165-170 per tonne, which is equivalent to a US$ 100 slump since the middle of 2015. These low scrap prices 'have adversely affected arisings across the entire EU', with some operators suggesting volumes are down as much as 40%.

    Container trade out of the EU has brought a flurry of activity in response to the falling prices but also evidence of buyers 'walking away' from previously-concluded deals. While China maintains current production levels amid generally struggling commodity markets, then the immediate future 'will certainly remain challenging', it is argued.

    The conclusion from Japan is similar: 'Given the decline in demand for scrap from the two major importing countries of South Korea and Turkey, as well as the floundering US scrap export market, no price rebound in the scrap market can be expected before the end of this year.'

    The same low prices have revived the Indian scrap market in recent weeks, with several bulk cargoes sold to traders. Indian ferrous scrap imports in the four months from April 1 to July 31 were higher than in the same period last year at 1.95 million tonnes.

    Even though most mills in Russia have secured their winter stocks, it is argued that a further scrap price decrease will result in not much volume being exported from the country in the coming months because of ‘the more competitive domestic market’ as well as the general slowdown in collections.

    In Ukraine, meanwhile, collections have reportedly slumped more than 40% year on year and only a few major scrap buyers remain on the market as some of the mills have either stopped production or have cut it to minimum levels. Scrap exports by sea and rail are continuing but quantities are limited because new quotas are not expected to be distributed until the end of the year.

    In his 'World Steel Recycling in Figures' update covering the first half of 2015, BIR ferrous division statistics advisor Rolf Willeke highlights steep year-on-year steel scrap usage falls in China (-9.3% to 43.1 million tonnes), Japan (-10.3% to 17.03 million tonnes), South Korea (-10.1% to 15.17 million tonnes) and Turkey (-10.3% to 13.21 million tonnes). In all cases, the drop in scrap usage was sharper than the decline in the individual country's crude steel production. The world's leading steel scrap importer Turkey reduced its overseas purchases by 12.9% to 8.472 million tonnes in January-June this year. The EU-28 remained the top exporter - despite a 12.1% drop-off to 7.455 million tonnes - as US overseas shipments declined by 9.1% to 6.902 million tonnes. Japanese exports of steel scrap jumped 10.8% to 4.137 million tonnes.

    Source : recyclinginternational.com
  5. forum rang 10 voda 25 oktober 2015 16:09
    Zambia may ban steel import to protect domestic steel mills

    Daily Mail reported that Zambian government has threatened to either enforce higher taxes on imported steel or completely ban imports to protect the local industry. Special assistant to the President for project monitoring and implementation Mr Lucky Mulusa said higher taxes on imported steel may be necessitated to protect the local industry.

    Mr Mulusa said this shortly after touring the Kafue Steel plant which has reduced production from 12,500 tonnes a month to about 3,000 tonnes due to challenges such as power outages and scarcity of market.

    He said “We need to identify all products being imported into the country so that locally produced products are protected.”

    Mr Mulusa said protecting local products can help address the depreciation of the Kwacha, among other economic benefits.

    Kafue Steel Company chairperson Bright Chunga said it is cheaper to buy steel produced in Zambia instead of importing the material. He said “Buying steel from our company will save the economy because people will be paying in Kwacha as opposed to importing and paying in United States dollars.”

    Source : Daily Mail
  6. forum rang 10 voda 25 oktober 2015 16:10
    SCC Nigeria steel pipe mill inugrated

    SCC Nigeria Ltd has commissioned its 280,000 tonnes steel pipe manufacturing mill in Ushafa, Bwari Area Council of the Federal Capital Territory FCT. Commissioning the factory, Nigerian President Muhammadu Buhari expressed pleasure at the company’s efforts at diversifying the economy of the country through manufacturing.

    Represented at the ceremony by the Secretary to the Government of the Federation, Engr. David Lawal Babachir, the president said it was a welcome development for the company to meet 10 per cent of Nigeria’s demand for steel pipe. He said “I have always believed that it is only companies which have total faith in the capacity in an economy to grow and excel in mutual prosperity that would embark on major investments like iron, steel, pipes and steel products, even in a situation of inadequate steel raw material and energy supply.”

    In his welcome address, Dr Patrick Dele Cole, on behalf of the SCC Nigeria board of directors, said the purpose of the factory was in line with the federal government of Nigeria’s effort to increase local content of manufactured products. He said it was in view of the above that SCC invested millions of dollars to establish the steel pipe manufacturing factory.

    Dr Cole said the factory has since been upgraded and retooled to produce diverse sizes of steel pipe for the oil and gas industry in strict adherence to the quality requirement of the American Petroleum Industry (API).

    According to him, “the SCC has taken a decisive action to increase the initial capacity of the steel pipe factory from 80,000 per annum to 280,000 tons per annum through the addition of a brand new modern state-of-the-art mill that will ensure the capacity and capability that will produce high quality steel pipe for the oil and gas industry in Nigeria.”

    The SCC is also investing heavily in a pipe-coating plant for modern anti-corrosion epoxy lining within the plant factory.

    Source : Daily Trust
  7. forum rang 10 voda 25 oktober 2015 16:11
    ArcelorMittal Kryviy Rih orders third coil compactor from SMS

    After successful commissioning of a new coil compactor in 2013 and a second one in 2014, ArcelorMittal has now placed an order with SMS group for the supply of a third coil compactor of type HP 4700 - PWT2.

    In addition to the mechanical equipment, the scope of supply includes the electrical equipment, machine automation and the complete hydraulic systems. SMS will integrate the new compactor into the existing plant environment and optimize all process interfaces. One of the technological benefits provided by the new compactor is that it will turn the coils automatically.

    This will make it possible to produce coils with eight straps positioned at equal distances from one another by four strapping units. This ensures safe coil transport even over long distances. This strapping method is also suitable for higher-strength grades.

    Delivery of the third coil compactor is scheduled for the end of 2015.

    Source : Strategic Research Institute
  8. forum rang 10 voda 25 oktober 2015 16:14
    UK government and Tata Steel provide GBP 9 million support to Scunthorpe steel workers

    The British Government and Tata Steel have announced an initial support package of up to GBP 9 million to support the local economy and employees affected by the proposed restructuring and job losses at the Scunthorpe steelworks.

    Tata Steel's regeneration arm UK Steel Enterprise has pledged GBP 3 million to support job creation in Scunthorpe, on top of GBP 10 million it has already earmarked to help regenerate UK steel communities over the next five years. The new GBP 3 million funding is being matched by the UK Government. It will provide support for more start-up businesses and companies that are looking to expand and create jobs. In addition, the Government is separately providing up to GBP 3 million specifically for training of affected employees through local further education colleges.

    The Government has asked Baroness Liz Redfern, leader of North Lincolnshire Council, to lead a taskforce which will identify local needs, co-ordinate with UK Steel Enterprise and consider whether additional support may be necessary.

    Business Secretary Mr Sajid Javid said “This is a very difficult time for the workforce, so it is important that the Government and the company have come together to support people and the local economy. The Government has no intention of simply standing aside whilst the steel industry faces global challenges on a scale unprecedented in recent years. We will do everything we can to help workers and to ensure a level playing field for the industry. Tata Steel has a strong track record of creating jobs and supporting local communities right across the country, and its commitment to this package today is to be commended."

    Tata Steel's UK Steel Enterprise is also providing an additional GBP 1.5 million to support job creation in steel communities around its Dalzell and Clydebridge sites in Scotland. The UK Government is continuing discussions with the Scottish Government about further support.

    Dr Karl Koehler, Chief Executive of Tata Steel's European operations, said “I recognise this is a challenging time for the employees affected by the restructuring we announced. We are committed to doing everything in our power to support those impacted and through UK Steel Enterprise we will help create new jobs in the affected local communities. The UK steel industry is facing extremely challenging circumstances and we welcome the Government's pledge to match our funding package for those affected."

    Source : Strategic Research Institute
  9. forum rang 10 voda 25 oktober 2015 16:14
    Fitch assigns ‘BBB-’ to PGCIL long term debt

    PTI reported that Fitch has given a rating of ‘BBB-’ with stable outlook to state-run transmission utility Power Grid Corporation of India Ltd (PGCIL) for its debt issuance.

    The rating agency said that “Fitch Ratings has affirmed PGCIL long-term Issuer Default Rating (IDR) at ‘BBB-’ The outlook is stable.”

    ’BBB’ ratings indicate that expectations of default risk are currently low. The capacity to pay against financial commitments is considered adequate but adverse business or economic conditions are more likely to impair this capacity.

    At the same time, the agency said it has affirmed PGCIL’s senior unsecured rating and the ratings on its $500 million senior unsecured notes at ‘BBB-’

    Source : PTI
  10. forum rang 10 voda 25 oktober 2015 16:19
    Ms Gina Rinehart Roy Hill iron ore mine is a reality now

    FT reported that it has taken two decades to develop, $11bn of investment to build and is at the centre of a bitter family feud. But Ms Gina Rinehart, Australia’s richest person, is finally poised to achieve her ambition and that of her late father, Lang Hancock, to develop, own and operate an iron ore mine.

    The first ore exports from Roy Hill, 1,100km from Perth, will be a landmark moment for Hancock Prospecting, a private company controlled by the 61-year-old heiress who has earned the nickname “iron lady” as much for her uncompromising personality as the commodity that built her family’s fortune.

    Up to now, Hancock Prospecting has earned most of its revenues by claiming royalties on iron ore tenements, government permits for the exploration and development of land, discovered in the Pilbara region of Western Australia, which were developed by mining companies such as Rio Tinto. But by partnering with steelmakers in Japan, Taiwan and South Korea and executing the world’s largest mine financing deal, Mrs Rinehart is transforming a company founded 60 years ago by her prospector father into a rival of Rio, BHP Billiton and Brazil’s Vale.

    Critics say her prize project, in which she owns a 70 per cent stake, could not be opening at a worse time as a cooling Chinese economy dampens demand for the ore. Iron ore prices have fallen to $53 since peaking at $190 in 2011 and some analysts forecast Roy Hill will struggle to turn a profit.

    Source : FT
    Bijlage:
  13. herbie bell 26 oktober 2015 11:37
    uuit Ryan notes

    "

    US Steel considers closing steel works
    Pittsburgh-headquartered US Steel is examining consolidation
    of its North American flat-rolled operations.
    Options include temporarily idling the Granite City's steel
    making operations and most finishing lines at the plant in
    Illinois. The news places a total of 2,000 jobs at risk.
    The company said it routinely adjusts production to
    reflect market fluctuations, while the potential consolidation
    is due to "continued challenging global market conditions."
    They include fluctuating oil prices, reduced rig
    counts, depressed steel prices, and unfairly traded
    imports. A company spokeswoman said there is no timeline
    for when a final decision will be made. Previous plans
    to idle Granite City were not carried out.
    "The company will be working closely with its customers
    and will continue to operate its steel making operations in
    Indiana, Michigan, and Pennsylvania," US Steel added.
    In response to the announcement, SunCoke issued a
    statement saying it has a take-or-pay contract to supply
    coke to Granite City's until 2025. "Any potential temporary
    idling of their facility does not change US Steel's obligations.
    We expect US Steel will continue to honor our contract."
    SunCoke added that it values its long-standing relationship
    with US Steel and would assist in shipping coke to
    the steelmaker's other works.
    Josh Spoores CRU North America Analyst says, "This
    potential shutdown is a reflection of the weak state of the
    domestic steel sheet market, particularly with respect to
    continued weakness emanating from the oil and gas market.
    If this shutdown is indeed carried out, we do not
    expect it to be the last shutdown for domestic producers.
    In addition, this comes at a time when US Steel is in
    extended negotiations with their USW work force, which
    helps the company to better show just how bad the current
    environment is for steelmakers."
  15. forum rang 10 voda 26 oktober 2015 16:46
    Katmex creates jobs at Teeside in UK

    The Northern Echo reported that a Teeside steel plate company has invested GBP 300,000 and created 12 jobs with the support of the Tees Valley Business Growth Investment Scheme. The investment by Katmex has helped it win a major contract with German firm Komatsu Hanomag.

    Stockton-based Katmex, which now employs 142 workers, specialises in supplying steel processed parts and fabricated components to construction equipment manufacturers and other heavy engineering industries. Parts supplied are mostly used in the production of excavators, dump trucks, back hoe loaders and wheeled loaders.

    A percentage of the investment was dispensed by Tees Valley Business Compass, which secured money from the Regional Growth Fund (RGF) to deliver the Business Growth Investment Scheme.

    Mr Neil Kenley, director of business investment at Tees Valley Unlimited, the Local Enterprise Partnership for Tees Valley, said: “Katmex is a prime example of how the Business Growth Investment Scheme can help companies unlock more potential and expand the size and scope of their activities. Tees Valley is recognised as a place where employers want to expand and invest and it is our role to support local businesses that want to grow and thrive here. Exports are important to the economic well-being of Tees Valley. By helping Katmex extend its overseas markets, this grant has achieved a great result for the area.”

    Mr Stuart Mitton, Katmex finance and administration manager, said: “The grant has contributed towards our export drive with the overall £300,000 investment in the latest robot welding machines, equipping Katmex with the technical ability and capacity to secure a significant overseas contract.
    We also have been able to support additional employment in the area with the recruitment of 12 extra staff.”

    Source : The Northern Echo
  16. forum rang 10 voda 26 oktober 2015 16:47
    SGR Developer China Road and Bridge Corporation to steel locally in Kenya

    China Road and Bridge Corporation has said it will buy some Sh330 million worth of steel from Kenyan manufacturers for constructing the Standard Gauge Railway line. CRBC yesterday said it has already received bids for the supply of the steel from six manufacturers.

    The planned purchase of more than 5,000 tonnes of steel bars will be the first large scale purchase since construction of the Sh327 billion project commenced two two years ago.

    The firm has previously procured steel from different local firms, but in small consignments.

    CRBC expects the bulk supply to meet the increased demand for steel on the project for the construction of culverts, bridges and foundations for about three months.

    Mr Zhang Yongbo, CRBC's procurement manager for the SGR project in a statement “We have tested the products of the suppliers who are participating in this process in our SGR project center lab and we are satisfied that they meet the requirements for the project. A suitable supplier will be selected based on among others capacity to have a stable production regime, sales performance, quality control and pricing.”

    Shortlisted firms include Apex Steel Mill, Steel Makers, Devki Steel Mills, Prime Steel and Tononoka Steel.

    Source : All Africa
    Bijlage:
  17. forum rang 10 voda 26 oktober 2015 16:48
    Mr Shorten wants urgent action to save steel industry in Australia

    SBS reported that after meeting Illawarra steel campaigners, Opposition Leader Mr Bill Shorten has sought federal government help to save Australia's steel industry. In a letter to Prime Minister Malcolm Turnbull on Friday, Mr Shorten said he shared grave concerns with BlueScope Steel workers in Port Kembla about a lack of federal government support.

    He has asked for a guarantee that the government will not repeal or weaken legislation that gives local manufacturers the opportunity to win work on large Australian projects, and to maximise the use of Australian steel in government infrastructure projects. He wrote "The government must ensure Australian workers are first in line for job vacancies.”

    He said the government needed to take immediate action.

    In August, BlueScope said it would cut at least 500 jobs to reduce costs. The company needs to make $200 million in annual savings or it will be forced to mothball or close its Illawarra plant, which could affect up to 5000 jobs.

    Source : SBS
    Bijlage:
  18. forum rang 10 voda 26 oktober 2015 16:49
    Botswana VP inaugurates new steel plant

    APA reported that Botswana Vice President Mr Mokgweetsi Masisi on Wednesday officially opened the first ever steel manufacturing plant in Botswana which will see the country start exporting the commodity. The plant will further process billet into different types of steel products such as rebar and other products.

    Speaking at the official opening of Pula Steel in Selibe Phikwe, a town in northern Botswana, Mr Masisi said it is the first company in the country that processes scrap metal into intermediate product called billet. He saod “Today we officially open the first phase of this production process which will produce the billet that will be 100 percent for export. I am reliably informed that in eight months the production process will add a second phase which will produce re-bar and other products; a considerable part of which will be for the local market and some for export.”

    Source : APA
    Bijlage:
  19. forum rang 10 voda 26 oktober 2015 16:50
    Evraz opposes Highveld Steel rescue through court application

    Evraz Plc, a Russian steelmaker, has asked a South African court to block a rescue package for its unit in the country.

    Evraz, acting through subsidiaries East Metals and Mastercroft, wants South Africa’s High Court to declare a business-rescue plan for Evraz Highveld Steel & Vanadium Ltd. invalid, even after creditors approved it earlier this month, the company said Friday in a statement.

    It also wants the court to set aside the Oct. 13 creditor vote and the business-rescue practitioners’ remuneration. The company didn’t provide a reason for its request.

    Highveld, once South Africa’s second-biggest steel producer, was placed under business-rescue proceedings, the local equivalent of bankruptcy protection, in April after a slump in demand for the metal and a surge in cheaper imports left it with insufficient funds. Creditors this month voted in favor of Hong Kong-based International Resources Ltd. buying the company for 370 million rand ($28 million), with 95 percent of the payment going to creditors.

    International Resources said it will invest a further 4.1 billion rand in the business over the next four years. Without being bought by IR, Highveld would probably need to be liquidated, according to business rescue practitioners Matuson Associates.

    Highveld and the business-rescue practitioners will oppose Evraz’s court application, the statement said.

    Evraz, partly controlled by billionaire Roman Abramovich, paid more than a combined $678 million to buy Highveld in two transactions from Anglo American Plc in 2006 and 2007.

    Source : Bloomberg
  20. forum rang 10 voda 26 oktober 2015 16:51
    Chinese steel for Queensferry Crossing - A missed opportunity

    Scottish construction Now reported that the Scottish Government has come in for criticism for awarding the contract to supply the steel for the Queensferry Crossing to a Chinese firm. Following the announcement that Tata Steel is to close its two Scottish plants with the loss of 270 jobs, Scottish Liberal Democrat leader Willie Rennie said selecting Chinese rather than homegrown companies to supply materials for the new GBP 790 million bridge may have contributed to the job losses.

    While Mr Rennie conceded a decision to award the Queensferry Crossing’s steel contact to a Scottish firm may not have salvaged those jobs, he insisted the decision not to could be seen as an opportunity missed by the Scottish Government.

    He said “The SNP talked up on all those things. They said they were always going to stand up for Scotland and Scottish industry, but when it really came to it they didn’t on the steel from the crossing. That in itself wouldn’t have saved the industry but it was part of the problem – the inability of the Government to plan ahead and see a strategic asset that was available in Scotland and now they are facing the consequences of it. It’s quite a complex thing with steel prices, and not just steel from China but also from India that is having a significant impact on the market, so I think there are other things in play as well. But it does highlight the difference between the rhetoric from the SNP and the reality. It would have helped significantly and actually it might have created a model where we could be using much more of the resources from Scotland to build these big infrastructure projects. It could have been a model for other parts of the UK to follow as well but they didn’t explore that. I remember when they used to berate previous governments for sticking too closely to EU rules and now they are more than keen to stick to the EU rules.”

    However, Transport Scotland has confirmed that no steel companies from Scotland or the UK made a bid to supply materials for the Queensferry Crossing contract. In a statement, it said: “During the procurement for fabricated steel works, no company from Scotland or the UK made a bid for the contract. This would suggest the condition of the market in the UK did not have the capacity to take on an order of this scale. A further subcontract for steel fabrication was awarded to Cleveland Bridge (Darlington) – raw steel for this subcontract came from Tata Steel in both Scunthorpe and Motherwell. Contrary to misleading speculation, there were no Scottish bids for FCBC’s steel fabrication subcontracts. Tata Steel’s plant in Motherwell manufactures steel plate, it is not a steel fabricator. All of the steel for the south approach viaducts and the twin box sections of the north approach viaduct on the Queensferry Crossing was fabricated by Cleveland Bridge and amounts to over 7,000 tonnes of raw steel. The main steel subcontract was placed by FCBC with ZPMC (China) who have the capacity to deliver the necessary quality of steel within the timescale demanded.”

    Source : Scottish construction Now
    Bijlage:
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