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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) 2,4M

Nieuws en info hier plaatsen (deel 4)

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35.173 Posts
Pagina: «« 1 ... 310 311 312 313 314 ... 1759 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 27 oktober 2015 19:31
    IDC going ahead with 5 million tonne steel plant JV with Hebei Steel in South Africa

    Bloomberg reported that South Africa’s Industrial Development Corp has affirmed its commitment to building a USD 5 billion steel mill in South Africa despite companies scaling back operations and a global glut because it wants to support infrastructure projects and urbanization on the continent. The state owned finance institution’s project with Hebei Iron & Steel Group, China’s biggest manufacturer of the material by output, will make products specifically for the local market and will be sold at competitive prices

    Mr Abel Malinga, head of mining and metals at the IDC, said in an interview in Johannesburg last week that "We are going ahead with it. We are not going to change our minds. China will not produce steel for us, for our needs. We have different needs."

    He said “The new steel mill with produce its first steel by 2020. The facility will be located near Witbank in the Mpumalanga province or Richards Bay in KwaZulu-Natal.”

    The new mill would produce as much as 5 million tonnes of steel annually, according to Mr Malinga. That compares with the 6.6 million tons of crude steel the nation made last year

    Some of the biggest local producers of the material, including a unit of ArcelorMittal, have announced plans to cut a total of more than 2,400 jobs as a surge in subsidized Chinese imports supplied at prices as much as 25 percent below local production costs have squeezed manufacturers’ margins.

    Source : Bloomberg
  2. forum rang 10 voda 27 oktober 2015 19:32
    Essar Steel Algoma hires restructuring advisers - Report

    The Globe and Mail, citing sources familiar with the situation, reported that Essar Steel Algoma Inc has hired restructuring advisers amid a steep decline in the price of steel that is battering North American steel makers. As per report “Algoma has hired law firm Weil Gotshal & Manges LLP and restructuring specialists Evercore Partners Inc to advise it.”

    The steel maker restructured its debt in July, 2014, after considering its third trip through creditor protection under the Companies’ Creditors Arrangement Act. It reached a deal with debt holders to restructure that debt, but has an interest payment of USD 18 million due next month.

    The price of steel in North America has fallen by more than 33 per cent in the past year, forcing the Sault Ste Marie based company to issue layoff notices to 100 people and prompting Standard & Poor’s to downgrade its credit rating on the company’s debt.

    The debt downgrade was announced by S&P earlier this month. S&P credit analyst Mr Jarrett Bilous said at the time “Generally soft demand, excess global steel capacity and high imports into North America are primarily responsible and we expect prices to remain weak at least into 2016.”

    Essar Steel Algoma is owned by the Essar Group of India, which purchased Algoma for CAD 1.85 billion during the heady days of the mid-2000s when soaring steel prices led to the buyout of all major Canadian-owned steel makers by foreign interests. Before that, Algoma had been restructured twice under the CCAA. The first led to a worker buyout of the company that was backed by the Ontario government.

    Source : The Globe and Mail
  3. forum rang 10 voda 27 oktober 2015 19:35
    US steel imports in September dip by 9% MoM - AISI

    Based on preliminary Census Bureau data, the American Iron and Steel Institute reported that the US imported a total of 2,773,000 net tons of steel in September 2015, including 2,168,000 net tons of finished steel (down 9.4% and 12.5%, respectively, vs. August final data). Year-to-date (YTD) thru nine months of 2015 total and finished steel imports are 30,841,000 and 25,122,000 net tons (NT), respectively, down 5% and up 3% respectively, vs. the same period in 2014.

    Annualized total and finished steel imports in 2015 would be 41.1 and 33.5 million NT, down 7% and 1% respectively vs. 2014. Finished steel import market share was an estimated 25% in September and is estimated at 30% YTD.

    Key finished steel products with a significant import increase in September compared to August are cut lengths plates (up 36%) and tin plate (up 39%). Major products with significant YTD import increases vs. the same period last year include reinforcing bar (up 48%), line pipe (up 34%), standard pipe (up 23%), tin plate (up 20%), sheets and strip hot dipped galvanized (up 12%) and wire drawn (up 11%).

    In September, the largest volumes of finished steel imports from offshore were from South Korea (279,000 NT, down 8% vs. August final), Japan (181,000 NT, down 16%), Turkey (151,000 NT, down 12%), Germany (148,000 NT, up 74%) and China (139,000 NT, down 11%). For nine months of 2015, the largest offshore suppliers were South Korea (3,949,000 NT, down 2%), Turkey (2,189,000 NT, up 48%), China (2,100,000 NT, down 10%), Japan (1,806,000 NT, up 18%) and Germany (1,201,000 NT, up 33%). Below are charts on estimated steel import market share in recent months and on finished steel imports from offshore by country.

    Steel Mill Product Sep (P) Aug (F) MoM YTD'15 YTD'14 YoY

    Ingots and Billets and Slabs 603,840 580,469 4.00% 5,695,156 8,109,413 -29.80%

    Sheets Hot Rolled 275,323 383,608 -28.20% 3,044,029 3,070,284 -0.90%

    Sheets & Strip Galv Hot Dipped 219,341 279,199 -21.40% 2,693,471 2,405,826 12.00%

    Line Pipe 139,301 158,538 -12.10% 2,206,686 1,642,775 34.30%

    Sheets Cold Rolled 223,800 213,022 5.10% 2,139,207 2,048,757 4.40%

    Oil Country Goods 95,926 112,184 -14.50% 2,027,320 3,008,645 -32.60%

    Plates in Coils 116,211 136,199 -14.70% 1,620,202 1,548,439 4.60%

    Bars - Reinforcing 112,021 186,030 -39.80% 1,526,133 1,034,865 47.50%

    Plates Cut Lengths 115,759 85,085 36.10% 1,240,819 1,264,833 -1.90%

    Bars - Hot Rolled 105,167 121,990 -13.80% 1,151,725 1,235,701 -6.80%

    Wire Rods 123,466 150,843 -18.10% 1,134,034 1,260,747 -10.10%

    Standard Pipe 62,866 85,511 -26.50% 827,649 673,435 22.90%

    Sheets & Strip All Other Met. 77,742 91,119 -14.70% 816,381 785,844 3.90%

    Structural Shapes Heavy 52,637 71,116 -26.00% 688,461 649,115 6.10%

    Wire Drawn 70,723 73,814 -4.20% 679,599 612,530 10.90%

    Tin Plate 85,708 61,650 39.00% 587,228 491,164 19.60%

    Mechanical Tubing 37,259 44,028 -15.40% 463,773 574,291 -19.20%

    All Other 255,920 226,980 12.70% 2,299,175 2,148,407 7.00%

    TOTAL 2,773,011 3,061,384 -9.40% 30,841,048 32,565,073 -5.30%

    SUBTOTAL Finished Imports 2,167,606 2,477,596 -12.50% 25,121,616 24,415,511 2.90%

    Source : Strategic Research Institute
  4. forum rang 10 voda 27 oktober 2015 19:39
    Chinese color coated steel makers destroying Indian market

    While the Indian domestic price line of various steel items has been impacted severely by flood of dirt cheap steel products, Indian color coated steel market has been totally destroyed over past 2 years. The price gap between Indian and Chinese PPGI makers is so huge that Indian PPGI offers no competition and it’s the classic case of Chinese PPGI makers’ competing against fallow country men only.

    As per latest market reports, Chinese PPGI makers are offering 0.5 mm PPGI in Mill Standard zinc coating in standard RALs at USD 450 CFR India, which is about INR 39800 all inclusive at USD:INR rate of 65 (12.5% import duty, 12.5% CVD, 4% SAD, USD20 port expense).

    As Indian steel mills are selling PPGI at about INR 54000 per tonne all inclusive, the gap of INR 14200 is too much for Indian mills to even think of matching Chinese levels.

    At INR 39800 all inclusive level, Chinese PPGI is cheaper than even Indian GP prices. This is resulting in a few users, mainly fabricators, of galvanized steel also shifting to imported color coated steel.

    It is learnt that there are hundreds of small and medium sized color coating lines in China with a Mandi Gobindgarh like cluster at Shandong Province. With easy access to cheap CRFH and low cost indigenous technology, Chinese PPGI mills have been flooding almost all the markets across the world. As a result, many countries, including, have imposed AD duty on Chinese PPGI. But Chinese PPGI makers are relentlessly occupying all other markets at low zinc coating, called Mill Standard, at very low prices.

    India has become a prime market for Chinese PPGI makers in last 2 years and many Indian companies have set up warehouses in port based locations and are thriving. It is understood that despite the sea voyage time, Chinese sellers ate able to deliver order with 3 weeks beating Indian mills. It seems that they coat standard size/color combination (0.47 & 0.50 in While & Blue) to their stocks and ship as soon as the order is received

    Although the exact numbers are not available, a paint supplier estimates that Indian PPGI production has gone down by more than 30% in last 12 months as Chinese imported PPGI has taken major share of Indian domestic market. In fact Indian coaters, who were also dependent on substantial export volumes in past, have been hit with a double whammy as barring EU and some other countries where AD measures are in place Indian mills are unable to compete in other markets due to vast price difference and only buyers allergic to “Chinese Quality” pay higher for Indian PPGI

    PPGI imports into India have surged in last two years with majority coming from China at throw away prices

    Imports

    HS Code 2012-13 2013-14 2014-15 2015-16 (Apr-Jul) 2015-16(Annualized)

    72107000 123,661 152,453 284,292 141,757 425,271

    72124000 7,903 7,058 7,666 3,460 10,381

    Total 131,563 159,511 291,958 145,217 435,652


    In tonnes
    Source – Ministry of Commerce

    It is learnt that Indian PPGI/GL makers have files an application in February 2015 with Director General of Safeguard for imposition of safeguard duty but nothing has moved as yet. It is understood that a revised petition has been filed again in October. It is high time for the government to move fast and take immediate measures to protect Indian PPGI makers.

    Source : Market Intelligence Services PS14
  5. forum rang 4 ToTheTop 28 oktober 2015 12:22
    quote:

    Pexs schreef op 27 oktober 2015 13:45:

    [...]

    Sorry, ik kan je berichten even niet goed volgen. Over welke mijnen heb je het nu precies?

    Groet
    De mijn in Liberia.. Deze mijn is erg rijk aan ijzererts,maar de knuppel die dat daar aan het ontwikkelen is is in mijn ogen erg knullig bezig.Hij heeft de verkeerde wagons laten invoeren waardoor er onnodig tijd wordt verloren bij het overslaan van het erts.3 graafmachines die bv ingezet hadden kunnen worden in de mijn zelf staan nu deze wagons op verhoogde platforms te legen en onnodig diesel te verbranden...
    Had hij hoppers gebruikt dan had hij de transport band onder het spoor kunnen leggen en konden de wagons er boven goedkoop en sneller gelost worden.
  6. forum rang 4 ToTheTop 28 oktober 2015 12:56
    Beetje dom zo... De transport band is er naast gelegd ipv er onder.Eerst een transport band en daar boven een reservoir (Om de trein in 1 keer te legen,zo dat hij snel weer weg kan.) daarboven het spoor.Hetzelfde kan je bij de mijn zelf doen door een reservoir boven de wagons te plaatsen om ze snel te vullen....
    Bijlage:
  7. forum rang 10 voda 28 oktober 2015 16:38
    Indian steel users cry foul against safeguard duty on HRC

    PTI reported that the imposition of safeguard duty on steel by the Centre has hit hard some 500 odd small and medium enterprises using thin steel coils.

    Mr HL Bhardwaj secretary general of the Federation of Industries of India said “Some 500 SMEs using thin HR coil for making finished products like tubes and automotive components are facing the severe impact due to sudden imposition of the duty by the government without taking users views in the matter. It has affected the viability of the SMEs who import thin gauge coils, which is not adequately supplied by the domestic steel makers. SAIL does not produce coils with thickness of 2 mm or below. Tata Steel produces limited quantity of 1.6, 1.8 and 2 mm. Though, JSW Steel produces a variety of such products, it sells the items to its long-term customers.”

    Nezone Tubes Ltd chairman Mr ML Beswal told PTI, "We were surprised with the Director General-Safeguards recommendation of 20 per cent advalorem safeguard duty which came just two days after issuing notices seeking views from the interested parties. Our industry runs on wafer thin margin and absorbing the 20 per cent duty shock is not possible. The Centre should at least exempt the duty for those import contracts in which Line of Credit had been issued or contract signed before the notification.”

    Source : PTI
  8. forum rang 10 voda 28 oktober 2015 16:39
    Moody's changes JSW Steel outlook to negative but affirms ratings

    Moody's Investors Service has affirmed the Ba1 corporate family rating and senior unsecured ratings on JSW Steel Limited (JSW). At the same time the outlook on all the ratings has been changed to negative from stable.

    RATINGS RATIONALE

    The rating action reflects the sharp drop in steel prices and the resulting impact that sustained lower prices will have on JSW's credit profile.

    While JSW can increase domestic sales by diverting export volumes to the Indian market and through its retail network, the severe drop in prices is already pressuring its credit metrics.

    JSW's results for the first half of the fiscal year ending March 2016 (H1 FY16) were weak, with reported consolidated revenues of INR221.3 billion and consolidated EBITDA of INR33.5 billion, down 18% and 39% respectively from last year. Standalone revenues and EBITDA were down 16% and 40% respectively at INR196.3 billion and INR30.7 billion for the same period.

    Moody's notes that the pressure on steel prices persists with the continuation of imports into India from China, Korea and Japan. Imports were up 42% on a volume basis in H1 FY16 from the same period last year. As a result, Indian hot rolled coil (HRC) prices fell 37%, leading JSW's blended realizations to fall 20% to INR31,215/tonne from INR39,152/tonne. EBITDA/tonne fell 41% to INR4,882 from INR8,553 a year ago.

    Mr Kaustubh Chaubal, a Moody's Vice President and Senior Analyst said “Our change in the rating outlook to negative from stable has been prompted by the continuing deterioration in steel prices because of cheaper imports and expectations of only a modest recovery,"

    Source : Strategic Research Institute
  9. forum rang 10 voda 28 oktober 2015 16:40
    Vietnam may impose 10% duty on import of chrome added steel billts

    Thanh Nien News reported that Vietnam’s Ministry of Finance is considering changing a tax regulation following concerns that the rule has been abused by Chinese exporters to ship a large amount of steel to Vietnam without paying duties.

    Currently imported steel with at least 0.3 percent of chrome content will be exempt from tariffs, but the ministry wants to introduce a 10 percent tax. The proposal is now awaiting feedback from the Ministry of Industry and Trade, the Ministry of Planning and Investment, and other relevant agencies.

    It came after the Vietnam Steel Association voiced concerns over strong increases in Chinese-imported alloy steel billets recently. VSA said “Chinese exporters claim their products contain 0.3-0.4 percent chrome content, thus getting import duty exemption under Vietnam's existing laws. But the very small chrome content does not add any value to the steel billets, meaning they cannot be used for making high-quality products.”

    More than 1.13 million tons of steel billets, mostly from China, were imported in the first nine months, almost triple the volume imported in the same period last year.

    Source : Thanh Nien News
  10. forum rang 10 voda 28 oktober 2015 16:41
    Canada trade tribunal approves Chinese steel pipe dumping probe

    The Canadian International Trade Tribunal, pursuant to the provisions of subsection 34(2) of the Special Import Measures Act, has conducted a preliminary injury inquiry into whether the evidence discloses a reasonable indication that the alleged injurious dumping and subsidizing of carbon and alloy steel line pipe originating in or exported from the People’s Republic of China have caused injury or retardation or are threatening to cause injury to the domestic industry.

    The goods subject to this preliminary injury inquiry are defined as “carbon and alloy steel line pipe originating in or exported from the People’s Republic of China, welded or seamless, having an outside diameter from 2.375 inches (60.3 mm) up to and including 24 inches (609.6 mm), including line pipe meeting or supplied to meet any one or several of API 5L, CSA Z245.1, ISO 3183, ASTM A333, ASTM A106, ASTM A53-B or their equivalents, in all grades, whether or not meeting specifications for other end uses (e.g. single-, dual- or multiple-certified, for use in oil and gas, piling pipe, or other applications), and regardless of end finish (plain ends, beveled ends, threaded ends or threaded and coupled ends), surface finish (coated or uncoated), wall thickness, or length, excluding galvanized line pipe and excluding stainless steel line pipe (containing 10.5 percent or more by weight of chromium), excluding the goods covered by the Canadian International Trade Tribunal’s finding in Inquiry No. NQ-2012-002.”

    The CITT initiated its investigation August 31 after a complaint by domestic line pipe makers Tenaris Canada and Evraz North America. The CITT's preliminary injury determination allows the Canada Border Services Agency (CBSA) to continue its investigations into the alleged subsidy and dumping violations and, by November 19, issue preliminary duty margin determinations if warranted.

    If the CBSA preliminary determinations indicate there have been violations, the agency will continue its investigations and, concurrently, the CITT will undertake a final injury inquiry.

    Final antidumping and/or countervailing duty determinations made by the CBSA will be imposed only if the CITT makes a final determination that the dumped or subsidized products are injuring or threatening to injure Canadian producers.

    Source : Strategic Research Institute
  11. forum rang 10 voda 28 oktober 2015 16:43
    UK aims to relax emissions rules for steel factories

    Businessgreen.com reported that the UK government announced that it has successfully lobbied the European Comission to allow it to relax emissions rules for the steel industry, in an effort to curb costs for the crisis-hit sector.

    The Department for Business, Innovation and Skills (BIS) said that it was planning to change the way it implements the Industrial Emission Directive (IED) from January 2016, in order to allow a number of steel plants to be granted a four a half year exemption to meeting stricter pollution standards.

    Factories and other industrial plants account for a major share of climate change causing greenhouse gases and other pollutants in the air, water and soil and the IED is designed to reduce the impact of the sector.

    However, the UK steel industry has warned the cost of meeting emissions rules is pushing up the costs of doing business and undermining its efforts to compete with low cost steel imports from China. About 5,000 job cuts have been announced in the past few weeks by Tata Steel, SSI UK, which owns the Redcar steelworks, and Caparo Industries.

    The government said it was also looking to relax the rules around an IED requirement for industry to use the best available technology in order to reduce emissions.

    "In cases, where the costs would be disproportionate to the benefits, the government can provide derogations at its discretion, based on the evidence submitted," BIS said in a statement, adding that the Environment Agency was close to finalising a permit for Tata in this regard and National Resources Wales has agreed derogations for the company's Port Talbot steel works.

    The news was welcomed by Gareth Stace, director of UK Steel, who said it was one of a series of measures required to help the industry. He said "The Secretary of State's visit to Brussels will also hopefully result in speedier action to support the industry in the short term.”

    However, the proposals are likely to spark an angry response from green groups, who have long argued support for the UK steel industry should not undermine or delay efforts to curb emissions and air pollution from the sector. Campaigners have also argued that the main reason for the industry's competitiveness issues are rooted in the dumping of low cost steel from China rather than the impact of green policies on energy costs.
    More on:
    Source : businessgreen.com
  12. forum rang 10 voda 28 oktober 2015 16:45
    Finnish PM criticises golden handshake to outgoing CEO of Ouokumpu

    Reuters reported that Finnish Prime Minister Mr Juha Sipila has criticised a 1.5 million euro golden handshake given to the outgoing chief executive of troubled steel company Outokumpu, adding that compensation policies in state-owned companies will change. He told the online edition of Helsingin Sanomat newspaper that “I think that (1.5 million euros) is oversized. Compensation should be based on how the company is succeeding.”

    He added "We are going to shorten these as we update our state-ownership strategy next year.”

    Outokumpu, Europe's largest stainless steel producer and 26 percent owned by the state, earlier this week sacked its CEO Mika Seitovirta who had failed to make the firm profitable in four years. According to his contract from 2011, Seitovirta will be given a two-year salary in compliance with the government's policy from 2009 regarding state-owned companies.

    Source : Reuters
  13. forum rang 10 voda 28 oktober 2015 16:46
    Mr Sajjan Jindal remains bullish on steel sector prospects in India

    Economic Times reported that in an exclusive interview JSW Group Chairman and Managing Director Mr Sajjan Jindal said his company is still bullish on India and will continue to invest organically and inorganically to expand capacity despite economic gloom and fall in steel prices worldwide.

    Q - What do you think of the business environment right now?

    A - There is cynicism in the country and people feel the country is going through a bad phase, banks are in trouble especially in the sectors I am involved in. But there are lot of opportunities and people with right mind are investing. We have put our money where our mouth is because we believe in India. We have invested INR 50,000 crores. We are one of the few groups which is investing huge money. I do not understand the cynicism that exists in some quarters of our country when there should be none.

    Q - How do foreign investors see India?

    A - There is a lot of euphoria globally. A week ago I attended the World Steel conference in Chicago and I have seen the recurring enormous belief and confidence because of our Prime Minister Narendra Modi's visit in many countries. This has helped create a belief system, optimism and renewed interest in India. Everybody is talking about India.

    Source : Economic Times

    Bijlage:
  14. forum rang 10 voda 29 oktober 2015 17:09
    150 agency workers now facing redundancy at Port Talbot

    Scunthorpe Telegraph reported that the South Wales Evening Post reports an estimated 150 members of agency staff with Acorn Recruitment will be made redundant in the run up to Christmas as several employees from Llanwen steel works based in Newport are transferred.

    A steelworker, who wished to remain anonymous, told the paper: "Tata steel have given all the Acorn agency staff notice that they are terminating their contacts on December 6. Up to 70 boys are being laid off, all of who have families and mortgages, this close to Christmas. I think this is disgusting. The workers do the same jobs as the Tata team members, are treated the same by fellow workers and are the future of the Port Talbot steel works."

    Another Port Talbot resident, Tony Lewis, said "Llanwern works would never have us travelling and working in Newport. They would employ locally."

    A spokesman for Tata Steel said: "This action is a result of staff coming to us from the Llanwern steel works in Newport, which means we would have a surplus of agency staff if these redundancies had not been put in place. "Agency staff has been given two months’ notice. It is now up to the agencies to send them onto their next job roles."

    Source : Scunthorpe Telegraph
  15. forum rang 10 voda 29 oktober 2015 17:10
    UK steel industry to benefit from relaxation of emission rules – Mr Javid

    Scunthorpe Telegraph reported that government chiefs say the steel industry will benefit from a relaxation of rules on emissions, which could have added millions of pounds of additional costs to the industry from January next year.

    The EU Industrial Emissions Directive (IED) places more stringent emissions requirements on industry from January 2016, but the government has told the steel industry it will be able to take advantage of special flexibilities to comply with the rules. This means specific plants will be granted an additional four and a half years to meet these more stringent emissions levels by incorporating them in the Transitional National Plan.

    The UK government has included various steel sites in the UK's Transitional National Plan, which has now been submitted to the European Commission for approval.

    In cases, where the costs would be disproportionate to the benefits, the government can provide derogations at its discretion, based on the evidence submitted. The Environment Agency is close to finalizing its permit application for Tata, which will then be subject to consultation, and National Resources Wales have agreed derogations at Port Talbot.

    Business Secretary Mr Sajid Javid said "I am acutely aware of the challenges currently facing our steel industry and where the government can help support them we will. We recognized the costs these regulations could have and are working with businesses to agree a flexible and common sense way forward that doesn't damage our competitiveness. Cutting red tape was one of the issues discussed at our recent steel summit and it is important that we are making progress quickly on it. I will also be going to Brussels tomorrow to make the case for firmer action on unfair trade."

    Source : Scunthorpe Telegraph
  16. forum rang 10 voda 29 oktober 2015 17:11
    Schnitzer Steel reports Q4 and FY results

    Schnitzer Steel Industries Inc has reported financial results for its fourth quarter and fiscal year ended August 31, 2015. Fourth quarter adjusted earnings per share from continuing operations improved from the third quarter, reflecting increased profitability in both the Auto and Metals Recycling (AMR) and Steel Manufacturing Business (SMB). AMR generated adjusted operating income of $17 per ferrous ton, an $11 per ton increase sequentially, primarily due to a reduced adverse impact from average inventory accounting and the achievement of additional cost reductions in the quarter. In SMB, higher sales volumes from improving demand for West Coast construction markets and benefits from increased mill utilization contributed to fourth quarter operating income of $6 million. SMB's fiscal 2015 operating income was its best since 2008.

    Source : Strategic Research Institute
  17. forum rang 10 voda 29 oktober 2015 17:12
    AK Steel Fourth Quarter 2015 Outlook

    AK Steel while releasing Q3 results said “Consistent with its current practice, the company said that it intends to provide detailed guidance for its fourth quarter 2015 financial results in December. The company anticipates lower carbon steel pricing in the fourth quarter compared to the third quarter, due principally to the high level of low-priced foreign steel that has continued to be imported into the United States during the preliminary stages of the carbon steel trade cases, in addition to recent declines in carbon scrap prices. As a result of these low-priced imports and their impact on the current market environment, the company also expects lower carbon steel spot market shipments in the fourth quarter.”

    Source : Strategic Research Institute
  18. forum rang 10 voda 29 oktober 2015 17:13
    Steel users segment warns of ill effects of safe guard duty

    Business Standard reported that steel consuming industry in India is concerned about more imported steel products coming under the duty umbrella. It is of the view that such moves will only shrink the manufacturing base in the country and prevent price discovery.

    Mr Mohan Gurnani, president of Federation of Associations of Maharashtra, an industry body representing traders and small businesses in the state, said “The steel user industry relies on HRC as its raw material to make downstream products such as cold rolled and galvanized steel. Post-duty, it is left with no other option but to import cold rolled full hard coils for manufacture of galvanized steel and consequently almost about three million tonne cold rolling capacity will become idle.”

    He explained “Steel being a B-to-B segment, though the hit on the end-consumer will be hard, it will be indirect and this is precisely what the end-consumer is not realizing. It is finally the end consumer who will have to shell out much more when buying a car or home appliance.”

    He added "Via tariff, India may curb steel product imports on one side but it will open door for imports of finished goods on the other side, thus shrinking the manufacturing sector. This will have deep impact on make in India campaign. So, the larger picture needs to be taken into consideration when imposing safeguard or any such duties."

    Source : Business Standard
  19. forum rang 10 voda 29 oktober 2015 17:14
    New Daniele Rotoforge plant started up at ABS in Italy

    Inaugurated by Italy’s Prime Minister, Mr Matteo Renzi, the plant provides the same internal quality achievable by forging, thanks to the features of the new design “Rf” heavy-duty stand capable to impress the same strain “to the hearth” applied by a forge to the material.

    Rotoforge offers remarkable advantages, such as:

    - High internal quality, comparable to that of a forged product

    - Improved size quality and tolerances - High reduction ratio (>1:3) for rounds up to 500 and equivalent squares

    - High productivity - Short lead time and fast response to the market demand

    As a result of the high drafting per pass, “Rotoforged” material has thin grain size and very low soundness (FBH<2mm),>

    In addition, ABS benefits from the feeding of Rotoforge with high quality 850 mm dia. blooms produced by the nearby Continuous Casting Machine #3.

    The largest of its kind and benchmark, CCM #3 is highly competitive in quality, offers an enhanced production range including ternary grades, while assuring high productivity and metallic yield.

    Source : Strategic Research Institute
    Bijlage:
  20. forum rang 10 voda 29 oktober 2015 17:16
    Shameless Tories spend millions on Swedish steel while British plants left to rot – Mr Keven Jones

    Mirror reported that Furious Shadow Defence minister Mr Kevan Jones blasted the Conservatives for turning their back on British jobs and industry as Britain’s once-mighty steel industry is battered by closures and redundancies. He said “The shameless Tories are spending tens of millions of taxpayers’ cash on Swedish steel for two Ministry of Defence projects.”

    The two contracts signed by the Government are worth almost GBP 3.9billion in total. One is a GBP 348million deal for three new Royal Navy ships, the second is a GBP 3.5billion order for 589 Ajax armoured vehicles.

    But the Tories snubbed British steel for the projects. The vast majority of it will be imported from Sweden.

    Chief Secretary to the Treasury Greg Hands told MPs: “We are making sure more public contracts are going to UK steel producers.”

    But earlier this week defence minister Philip Dunne admitted in a written Commons answer the Navy vessels will be made from Swedish steel. He also said: “The quantities of steel required for the Ajax programme, previously known as Scout, are relatively small and spread over eight years of manufacture. The steel is specialist in nature with the majority coming from Sweden.”

    Source : Mirror
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