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

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Aandeel ArcelorMittal AEX:MT.NL, LU1598757687

  • 24,170 14 mei 2024 09:56
  • +0,220 (+0,92%) Dagrange 23,990 - 24,200
  • 149.195 Gem. (3M) 2,5M

Nieuws en info hier plaatsen (deel 4)

35.173 Posts
Pagina: «« 1 ... 619 620 621 622 623 ... 1759 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 24 mei 2017 15:37
    'ArcelorMittal dicht bij afronding deal SAIL'

    Gepubliceerd op 24 mei 2017 om 15:12 | Views: 494 |

    ArcelorMittal 15:17
    20,14 +0,05 (+0,22%)

    LONDEN (AFN) - De voorgenomen samenwerking tussen ArcelorMittal en de Steel Authority of India Limited (SAIL) lijkt er toch te komen. De onderhandelingen over een joint venture ter waarde van 897 miljoen dollar raakte in februari in een impasse, maar de in Amsterdam genoteerde staalgigant lijkt vorderingen te hebben geboekt, zo meldt persbureau Reuters woensdag op basis van ingewijden.

    ArcelorMittal en SAIL meldden eerder samen een staalfabriek te willen bouwen in India. Die moet de automotive-sector gaan bedienen.

    Maandag zei de Indiase minister van staal Chaudhary Birender Singh al dat de gesprekken zich in een afrondende fase bevonden. Zondag verliep een deadline, maar die is volgens overheidsfunctionarissen verschoven.
  2. forum rang 10 voda 24 mei 2017 15:40
    Jindal Steel and Power Q4 net loss narrows to Rs 100 crore

    Jindal Steel and Power Limited said that its consolidated loss narrowed to INR 100 crore in the quarter ended on March 31, 2017, on the back of higher income. The company had posted consolidated a loss of INR 635.8 crore in the year-ago period. JSPL’s consolidated total income during January-March period increased to INR 6,765.07 crore, over INR 5,549.84 crore in the corresponding quarter of previous fiscal.

    Consolidated Results Q4FY17

    zie bijlage

    JSPL said “Although market for raw materials and finished products were quite volatile, the company managed the uncertainties quite well and achieved performance level which were superior not only compared to FY16 but also Q3 results of FY17.”

    It said “The government support to domestic steel and power industry has been unequivocal not only by the way of protection against dumping of foreign supplies but also by giving stimulus to local demand by way of enhanced investment in infrastructure. Indian steel industry, now the second largest in the world, is well poised for recovery and stable performance.”

    JSPL is aiming to increase its production by nearly 50 per cent during FY2017-18. Besides launching a major marketing thrust in the domestic market, it is also targeting to export over a million tonne of steel and 2 million tonnes of pellets during the new financial year.

    Source : Strategic Research Institute
    Bijlage:
  3. forum rang 10 voda 24 mei 2017 15:41
    Nippon Steel taking measures to counter volatile coking coal prices - EVP

    Reuters reported that Japan's top steelmaker Nippon Steel & Sumitomo Metal is considering measures to counter volatile coking coal prices, such as contracts of varying lengths and seeking out supply sources outside of Australia. Mr Toshiharu Sakae executive vice president of Nippon Steel told Reuters in an interview last week that "Dealing with volatility in raw materials prices has been a long-standing issue ... but with recent volatility, it has become more important to smooth out price impact and secure stable supply.”

    One way to do that is supply portfolio management, he said, possibly taking up one-, three-, and six-month or annual term deals, instead of just buying coking coal on a quarterly basis.

    He said that other options are buying lower quality coals, procuring more supply from areas such as North America, Mozambique, Russia and Mongolia, and investing in mines. Russian mines could possibly be a target, he added.

    Mr Sakae said that "It's not ideal for our sources to be so concentrated in Australia."

    In 2016, Japanese steelmakers bought about 71% of the 59.9 million tonnes of coking coal they consumed from Australia.

    Mr Sakae said coking coal prices should stay at USD 150 to USD 200 a tonne based on supply and demand fundamentals, with iron ore prices holding around USD 60 to USD 70 a tonne.

    He added that negotiations between steel mills and coal producers to set prices for the April to June quarter are continuing, but Nippon Steel aims to settle this month.

    Source : Reuters
  4. forum rang 10 voda 24 mei 2017 15:42
    Hebei Steel Group inks strategic pact with China Construction Bank Corporation

    MySteel reported that Hebei Steel Group has signed a strategic cooperation agreement with China Construction Bank Corporation during Langfang International Economic and Trade Fair on May 19th 2017. Under the agreement, the two sides discussed various models of cooperation on the basis of national policies, laws and regulations. They jointly established the debt-to equity funds of about CNY 20 billion to improve Hebei Steel Group’s assets and liabilities structure, promote their transformation and development, and enhance their management level.

    At the same time, CCB will fully support the steel group to deleverage, carry out industry consolidation and cooperate with domestic and foreign branches and subsidiaries to provide traditional commercial banking financial services and new financial services for Hebei Steel Group.

    Source : MySteel
  5. forum rang 10 voda 24 mei 2017 15:43
    CEOs to speak at US steel imports security hearing - US DOC

    Reuters reported that Chief executives from major US steel producers will speak at a public hearing on Wednesday in Washington on the effects of steel imports on US national security.

    US DOC said that “Commerce Secretary Wilbur Ross and the CEOs of Nucor Corp, AK Steel Holding Inc, ArcelorMittal SA and Timken Steel Corp will be among those participating.”

    Source : Reuters
  6. forum rang 10 voda 24 mei 2017 15:43
    Posco high manganese steel recognized as global standard by ASTM

    Korea Herald reported that the American Society for Testing and Materials International has listed Posco’s new high manganese steel as a world standard technology. A listing with the ASTM means that Posco’s creation of the world’s first-ever high manganese steel has been recognized as a material that can be utilized and trusted worldwide.

    Teresa Cendrowska, vice president of global cooperation at ASTM International, said “Posco is a leading steel company that leads the ASTM Int’l standardization of new steel technology and has become a model for other companies by establishing a new standard for high manganese steel and proving its technological capability.”

    ASTM International is a nonprofit standards development company that develops and publishes technical standards for materials, products, systems and services.

    South Korea’s largest steel producer Posco announced last month that it completed tests to commercialize the world’s first-ever high manganese steel production technology using liquid ferromanganese. The new steel technology is resistant to minus 196 degrees Celsius and is suitable to store and transport liquefied natural gas.

    Source : Korea Herald
  7. forum rang 10 voda 24 mei 2017 15:45
    Oxford Performance Materials launches New Nickel-Plated OXFAB-Ni

    Additive manufacturing company Oxford Performance Materials based in Connecticut, is a leader in both high performance additive manufacturing and advanced materials science. Back in 2014, the company used its patented OsteoFab technology to manufacture a customized implant for a Somali woman who grew up with a hole in her face from a bullet, and more recently, advanced composites manufacturer Hexcel made a strategic investment in the company, in order to work together to leverage its technology to advance additive manufacturing in aerospace. OPM’s latest news also centers around the aerospace industry: this week, the company announced the commercial launch of its new nickel-plated OXFAB-Ni.

    Founded back in 2000, the company has three strategic business units: OPM Biomedical, the first company to receive FDA 510(k) clearance to manufacture 3D printed patient-specific polymeric implants; OPM Materials, which develops the company’s proprietary OXPEKK (poly-ether-ketone-ketone) thermoplastic products; and OPM Aerospace & Industrial. This last business unit produces 3D printed OXFAB production parts for demanding aerospace, defense, and satellite applications.

    The new nickel-plated OXFAB-Ni, based on PEKK, can be used to manufacture 3D printed parts that will replace the high-performance aluminum alloys currently used in industrial and aerospace applications. OXFAB is designed to be a solution for these highly demanding end-market applications: structures made using the OXFAB selective laser melting process considerably reduce the cost, weight, and time-to-market. These reductions are defined, in the large OPM B-Basis database, in a specific set of performance attributes; the database was developed together with aerospace industry heavyweights Northrop Grumman and NASA.

    OXFAB part
    In the aerospace and defense industry, weight reduction and functional complexity really help increase the performance of a part, as well as lowering the overall cost and energy. As mentioned previously, OXFAB manufacturing can help lower the weight of the part: the process combines high-performance thermoplastic and robust additive manufacturing technology, which results in industrial structures that meet, and even go beyond, expectations for many industrial sectors; not just aerospace and aviation, but the energy, nuclear, and semiconductor fields can also benefit.

    Mr Lawrence Varholak President of OPM Aerospace & Industrial said that “We are very pleased to commercially launch OXFAB-Ni as this proprietary technology builds on our existing product portfolio to provide our customers with a new high performance additive manufacturing solution. With the launch of OXFAB–Ni, OPM can now offer our aerospace and industrial customers nickel-plated, fully functional end-use 3D-printed structural parts with a flexural strength-to-weight ratio equivalent to high performance titanium alloys such as 6AL-4V.”

    Some of the most beneficial performance characteristics of OXFAB-Ni include:

    Offers near limitless shapes
    Effective shield against radiation
    Allows for rapid manufacturing
    Capable of reaching up to 375°F
    Same strength and weight as high-performance aluminum alloys

    The main construction material for OXFAB-Ni is the company’s proprietary OXPEKK formulation. The polymeric material offers high purity and gamma stability, extreme temperature tolerance, very strong mechanical performance, and a very high resistance to chemicals.

    Source : 3dprint.com
  8. forum rang 10 voda 24 mei 2017 15:47
    Indonesian steel production not fully optimized yet - report

    Tempo reported that Indonesia’s domestic steel productivity in 2017 is expected to increase by 5% compared to the previous year, considering that demands of domestic steel in 2016 reached 12 million tonnes and the industry could only manage to provide 6-7 million tonnes. Meanwhile, the domestic steel production capacity only stands at 8-9 million tonnes per year due to the pressure from imported steel from China.

    a report released by HP Financials said “The high cost of energy and logistics has become a problem that needs to be addressed in order support the domestic steel industry.”

    The government has initiated a number of efforts to suppress steel imports, including passing a regulation on steel and iron imports in early 2017, as well as providing an incentive for energy efficiency.

    Source : Tempo
  9. forum rang 10 voda 24 mei 2017 15:50
    Workers end blockade at Ahmsa iron ore mine

    Bnamericas reported that Hércules was one of four mines and one processing plant hit by stoppages last week following a dispute over profit-sharing payments to workers associated with the national mining-metallurgy union SNTMMSSRM. Ahmsa said in a previous statement on Twitter that strikes at the processing plant and two coal mines ended last week. However, operations at the Mina V coal mine, one of those affected by the stoppage, have still not returned to normal due to low worker turnout.

    Stoppages have also impacted production at the Cerro del Mercado iron ore operation in Durango state.

    The company earlier cancelled its offer of an additional 5,500 peso (USD 295) loan to workers at the affected operations, which was offered on top of the 4,500 peso profit-sharing payment last week.

    In addition to reduced profit-sharing payments, the dispute is related to a long-running conflict between the union and Ahmsa chairman Alonso Ancira, the union's social communication coordinator Julio Pomar told BNamericas.

    Mr Pomar said that Companies are required to pay workers 10% of profits annually under Mexican profit-sharing rules.The stoppage was due to a "risible" profit-sharing payment.

    First Majestic Silver's La Encantada silver mine in Coahuila state has also been impacted by a worker stoppage related to the profit-sharing payment. The company described the stoppage as an illegal strike.

    The local section of the union has not made any demands but rejected an offer put forward by the company.

    VP investor relations Todd Anthony told BNamericas in an emailed statement that "We are working to resolve the situation.”

    Source : BNamericas
  10. forum rang 10 voda 24 mei 2017 15:54
    The five largest construction projects in Asia in 2017

    It is reported that many Asian countries are developing construction projects with fantastic values in 2017. It is indeed very reasonable, because the existence of construction projects can boost the economy of a country. Speaking of construction projects, the following are the five largest construction projects in Asia, as compiled by Lamudi's global property portal:

    5. Beijing Daxing International Airport
    As the world's largest airport, the $12 billion project shifts the popularity of Beijing's Nanyuan Airport, and is expected to accommodate more than 45 million passengers annually. The airport will have 78 gates, a train station, and a trendy capsule hotel.

    4. Jeddah Economic City
    Also known as Jeddah Kingdom City, the project consists of commercial and residential areas where there are residential areas, hotels, office buildings and retail outlets. The $20 billion project is built on an area of 5.2 square km with Jeddah Tower as its icon - which is also the tallest building in the world.

    Upon completion, the project will accommodate 210,000 residents and 197,500 non-residents to enjoy all the facilities available.

    3. Al Maktoum Airport Dubai
    Construction of the latest airport in Dubai is estimated to cost $33 billion, and can accommodate about 130 million passengers by 2025. At least 80% of flydubai operations will be moved from Dubai International Airport to Al Maktoum. When all development phases are completed, the airport will have the capacity to handle approximately 220 million passengers.

    2. Delhi Mumbai Industrial Corridor
    GDP in India has jumped by about 7% and local governments are working hard to improve global competitiveness through various means such as 'Made in India'. To achieve this goal, the country certainly needs world-class infrastructure including cutting-edge facilities.

    In the effort to develop the business ecosystem, 5 industrial corridors are under development. One of them is Delhi Mumbai Industrial Corridor (DMIC) which will be the largest infrastructure project, with investment value of $100 billion.

    And most importantly, if the project is completed, DMIC will provide 25 million new job opportunities and most of them are manufacturing jobs. The project is also featured in KPMG's '100 Most Innovative Global Projects'.

    1. One Belt, One Road
    This ambitious project from China has the potential to become the largest regional collaborative platform in the world. This belt is a road that starts in Asia and ends in Scandinavia.

    This route was formerly referred to as the Silk Road and became a trade access from China to Venice. When the project is completed, the project will cover about 65% of the world's population, ? world GDP, and ¼ goods and services in the world. The construction value of this project is estimated to reach $150 billion.

    Source : NETRALNES.COM
    Bijlage:
  11. forum rang 10 voda 24 mei 2017 16:00
    Iran iron ore concentrate output up by 64%

    Major Iranian mining companies produced 2.98 million tonne of iron ore concentrate during the first month of the current fiscal year (ended April 20), registering a 64% growth compared with last year’s corresponding period.

    Iranian Mines and Mining Industries Development and Renovation Organization reported on its website that Golgohar Mining and Industrial Company accounted for 1.05 million tonne of the overall figure. It was followed by Chadormalu Mining and Industrial Company with 849,569 tonne, Iran Central Iron Ore Company with 405,262 tonne, Middle East Mines and Mineral Industries Development Holding Company with 234,329 tonne, Gohar Zamin Company with 270,197 tonne and Opal Parsian Sangan with 176,549 tonne.

    The rise in concentrate output is driven by the continuous growth of steel production capacity in the country, which demands higher volumes of raw material. Iran is planning to become the world’s sixth largest steelmaker as per the goals set in the 20-Year Vision Plan, which stipulates attaining a production capacity of 55 million tonne per year by 2025.

    Source : Financial Tribune
    Bijlage:
  12. forum rang 10 voda 25 mei 2017 16:16
    ArcelorMittal agrees on concessions to seal auto steel JV with SAIL
    Published on Thu, 25 May 2017

    Reuters reported that ArcelorMittal said on Wednesday it has agreed to make concessions to Steel Authority of India on technology transfer to seal a delayed USD 897 million automotive joint venture. A company spokeswoman, without giving further details, told Reuters "In the interest of the strategic partnership, some concession from ArcelorMittal on technology has been extended.”

    Three sources with direct knowledge of the negotiations told Reuters that the two companies are close to ironing out key commercial terms to close the deal, including non-compete and exit clauses as well as finalising policy on arbitration.

    India's Steel Minister Chaudhary Birender Singh said on Monday the talks between ArcelorMittal and SAIL were in the "final stages", after a preliminary understanding signed in May 2015 lapsed on Sunday. Government officials said the timeline for the venture would get an official extension.

    Talks between the two companies had hit a roadblock over disagreement on revenue-sharing as well on technology transfer fees.

    Source : Reuters
  13. forum rang 10 voda 25 mei 2017 16:18
    American steelmakers warn world glut a threat to US national security

    South China Morning Post reported that CEO’s of America’s largest steelmakers said global overcapacity of steel is at crisis levels as they urged the US to determine that cheap steel imports are a threat to national security. Speaking at a public hearing into the impact of steel imports, CEOs including Nucor Corp’s Mr John Ferriola and AK Steel Holding Corp’s Mr Roger Newport said the US must build up defences against a flood of production from China and other nations that offer state support to the industry.

    Mr David Rintoul, who heads US Steel Corp’s tubular business, said at the hearing in Washington on Wednesday that the US must think outside the traditional remedies in combating foreign governments’ “ruthless” focus on winning control of the market

    Barbara Smith, chief operating officer at Commercial Metals Co, said at Wednesday’s hearing that the US is nearing a point that it will depend on other nations for vital steel imports, which “is a very dangerous proposition”

    The meeting is part of the Commerce Department’s Section 232 investigation of the effects imported steel have on national security that Commerce Secretary Wilbur Ross initiated last month. Section 232 is a seldom used part of the 55-year-old Trade Expansion Act that’s resulted in more than a dozen investigations since the 1980s into areas like machine tools and circuit ceramic packaging developed by the defence department.

    The testimonies come as American steel producers are benefiting from a raft of trade cases last year that helped boost many companies to their biggest gains in at least a decade.

    Source : South China Morning Post
  14. forum rang 10 voda 25 mei 2017 16:18
    Italian steel magnate Mr Adriano Riva to end up behind bars

    AFP reported that Italian businessman Adriano Riva, whose family owned the bankrupt Ilva steel firm, was handed a two-and-half-year term on Wednesday after transferring EUR 1.3 billion siphoned off from the company. Adriano Riva, whose brother Emilio ran the company until his death in 2014, on Wednesday signed the documents to transfer to Italy EIR 1.3 billion from Switzerland, where the funds had been frozen as part of the investigation into the company.

    Swiss authorities are expected to clear the transfer next week.

    After the transfer papers were signed a judge validated a deal with prosecutors for Riva to serve two and a half years in prison.

    Cases against two of Emilio's sons, Nicola and Fabio, are still at a preliminary stage.

    Heavily indebted and short of cash, Ilva was taken over by the Italian state in 2014. The year before, it had been placed under special administration after the Rivas were accused of failing to prevent toxic emissions including carcinogenic particles from spewing out across the town of Taranto in the Puglia region of southern Italy.Prosecutors say that more than 400 deaths were caused by the toxic emissions.

    The family admitted to having saved over EUR 1.3 billion between 2009 and 2013 by delaying work to bring the steel plant into compliance with safety and environmental norms, and agreed to reinstitute the funds to help clean up the facility and keep it running.

    The Italian state launched last year an appeal for offers for Ilva. Two binding offers were submitted in March, one by global steel giant ArcelorMittal which teamed up with Italian firm Marcegaglia, and the other by India's JSW Steel with a group of Italian companies.

    Source : AFP
  15. forum rang 10 voda 25 mei 2017 16:20
    US steel sector upgraded at Credit Suisse as recovery seen in late Q3

    US Steel, Nucor and Steel Dynamics shares surged after Credit Suisse upgraded the US steel sector to Outperform from Market Weight and raises the three companies to Outperform from Neutral, saying its previously cautious investment thesis on the sector has played out and prices are likely to recover by late Q3.

    Recovery in energy and construction markets could increase U.S. hot rolled coil demand by ~1.2M tons over the next 18 months, the firm says, driving U.S. downstream HRC rolling utilization rates above the critical level of 85%.

    Credit Suisse says its channel checks with U.S. traders and OEMs indicate that a structural change is taking place with respect to U.S. trade, both from an importer and exporter basis, which the market is underestimating.

    The firm also notes the outcome of Section 232 trade action will have very significant consequences for all domestic steel equities.

    Source : Bloomberg First Word
  16. forum rang 10 voda 25 mei 2017 16:20
    JSW Steel’s crore expansion plan to hit repayments - Analysts

    Financial Express reported that JSW Steel’s INR 26,800 crore capacity expansion plan over the next four years (2018-21), though seen as growth investments by analysts, is likely to stall the company’s deleveraging program for the next three to four years. Analysts believe JSW Steel has the financials to take growth investments as they are also supported by favorable supply dynamics and a track record of timely execution. However, they may find it difficult to reduce their debt in the next three-four years despite increased cash flows.

    Mr Abhishek Poddar research analyst at Kotak Institutional Equities said that “We estimate a consolidated EBITDA of INR 13,500 crore, INR 14,000 crore and INR 14,500 crore for FY18, FY9 and FY20.”

    The net debt at INR 41,500 crore in FY 2017, is seen rising to INR 41,800 crore in FY 2018 and to INR 41,400 crore in FY 2019. In FY17 the company reduced its debt by INR 2,800 crore from INR 45,400 crore.

    Others believe though deleveraging may not be possible in the next few years when the expansion is underway, but it will once the expansion is through by 2021.

    Edelweiss Securities in a report said though, the brownfield expansion will boost capacity and improve cash flow, the company may not be able to deleverage in the next few years. However, the brokerage upgraded JSW Steel’s ratings to “Accumulate” from “Sell” on improved earnings and higher efficiency besides its expectations that cash flows will improve post completion of the entire capex plan by FY20.

    According to an estimate by Motilal Oswal Securities, JSW Steel’s free cash flow is expected to improve to INR 5,336 crore in FY18 from INR 3,111 crore in FY17.

    JSW Steel plans to spend INR 15,000 crore as debt and INR 12,000 crore as internal accruals to double the plant capacity at Dolvi to 10 million tonne from 5 million tonne by March 2020; upgrade blast furnace (BF-3) to 4.5 million tonne and closure of BF-2 at Vijaynagar in next 20 months, expand the cold roll mill at Vijayanagar to 1.8 million tonne from 0.85 million tonne, modernise the Vasind-Tarapur plant, apart from mining and sustenance capex. The capacity expansion is planned keeping in mind the country’s steel requirement in the coming years which is likely to overtake the expected supplies.

    Source : Financial Express
  17. forum rang 10 voda 25 mei 2017 16:21
    Spanish Tubacex & Iran's Sepahan Steel Company to supply pipes to NIOC

    Financial Tribune reported that with the aim to produce quality machinery and equipment for the oil and gas industry, the National Iranian Oil Company is to sign an agreement with a Spanish consortium to manufacture special pipelines using corrosion resistant alloys. The contract, estimated at around USD 550 million, is slated to be signed between the NIOC, Spain-based industrial group Tubacex and Iran's Sepahan Steel Company to provide Pars Oil and Gas Company with 600 kilometers of CRA pipelines in three years.

    According to Shana, the Oil Ministry news agency, the deal would be the most significant measure toward self-sufficiency in production of oil and gas equipment at home after the state-owned Oil Turbo Compressor Company was established in 2001 to manufacture gas compressors and turbines.

    As per the terms of the agreement, Tubacex, in collaboration with Japan's JFE, will transfer the knowhow to produce corrosion resistance alloys used in manufacturing oil and gas pipelines to its Iranian business partner, Sepahan Steel Co.

    Components using CRAs include downhole tubing and safety critical elements, wellheads, valves, pipelines, vessels, heat exchangers and many other pieces of equipment in facilities. Reportedly, producing such pipelines requires cutting-edge technology and only a handful of companies in the world, including JFE Japan's second-biggest steelmaker have the knowhow.

    CRA pipelines are among widely-used equipment in the petroleum sector that cannot be produced by domestic companies yet. CRAs can be characterized by their resistance to specific environments. If carefully selected, these pipes permit safe containment of oil and gas process fluids. Their durability ensures improved efficiency and long life.

    Source : Financial Tribune
  18. forum rang 10 voda 25 mei 2017 16:22
    Indian steel consumption to go up - Ms Aruna Sharma

    Economic Times reported that with the increase in domestic consumption, the production will also increase, opined Ms Aruna Sharma Steel Secretary, during an interview given to ET Now.

    Q - Tell us about GFR amendment?

    A - The GFR amendment clearly says that the central government, the state government or its agencies whenever they are doing their calculations they will have to take care of the lifecycle cost. So the moment you take care of the lifecycle cost, the difference it makes is that steel will be a winner.

    The steel lifecycle is from 100 years to 300 years. If you use stainless steel iron bars, then 300 years. If you use stainless steel, it is 100 years. So all bridges will be of 100 years, zero maintenance. Buildings, 40% to 45% if you use steel, then it is recyclable, life is 100 years.

    So if the next generation wants to change a house, at least it will get its 45% cost of the steel. So we are going to educate the people more and more and more and GFR will make it mandatory to calculate the lifecycle cost. So definitely steel consumption is going to go up.

    In the housing sector, there is a great scope of absorption of steel there. So the moment that domestic consumption increases, correspondingly the production will also be found increasing.

    Q - How do you think that the new NPA policy is going to help the steel sector? Is the ministry already in talks to ensure that they could use best the new rules for NPA policy?

    A - Actually the homework was done by the Steel Ministry long back. We had a meeting of Indian Bankers Association, then we had a meeting chaired by the finance minister. The impact of this has been that after having this kind of meeting all one to one of the bankers and the loanees have taken place and it has reached to its culmination level.

    Source : Economic Times
  19. forum rang 10 voda 25 mei 2017 16:35
    Iran 4 month crude steel production up by 14%

    Iran produced 6.369 million tonne of crude steel in the first four months of the current year, indicating a growth of 14.34% compared to the figure for the same period of 2016, which was 5.57 million tonne.

    According to figures released by World Steel Association, in April, Iran produced 1.735 million tonne of crude steel showing a rise of 6.11% against the figure for March, which was 1.635 million tonne.

    Source : Strategic Research Institute
    Bijlage:
  20. forum rang 10 voda 25 mei 2017 16:36
    One worker death while working at US Steel’s Ecorse plant

    The News Herald reported that Ecorse police have confirmed that a man working at US Steel was killed at about 3:30 AM on Monday in an accident inside the main plant.

    A representative from US Steel only would confirm that there was “an incident” at the plant and referred all questions to Mid-American Group, an industrial construction contracting firm that provides various services to companies.

    The Michigan Occupational Safety and Health Administration was notified about the accident.

    Mr Matthew Erickson a communications representative with MIOSHA’s department of licensing and regulatory affairs, confirmed an investigation is ongoing. He said that “MIOSHA has responded to the incident, but cannot provide information on an open investigation. Typically, this type of investigation may take several weeks or months to complete.”

    Source : The News Herald
    Bijlage:
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