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Aandeel ArcelorMittal AEX:MT.NL, LU1598757687

  • 23,830 19 apr 2024 17:35
  • +0,030 (+0,13%) Dagrange 23,440 - 23,880
  • 2.845.773 Gem. (3M) 2,4M

Nieuws en info hier plaatsen (deel 4)

35.173 Posts
Pagina: «« 1 ... 716 717 718 719 720 ... 1759 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 19 december 2017 17:07
    Chicago to sue US Steel over Indiana plant's spills

    WHIO reported that city of Chicago plans to sue US Steel Corp for alleged environmental violations stemming from spills of a potentially carcinogenic chemical from the steelmaker's Portage, Indiana, plant into a Lake Michigan tributary.

    Chicago's corporation counsel mailed a legal notice Monday informing Pittsburgh based US Steel that the city intends to sue the company for federal Clean Water Act violations. The three page letter cites April and October spills of chromium and hexavalent chromium into the Burns Waterway, a lake tributary.

    The letter said that US Steel's discharge monitoring reports and other public information give the city "reason to believe that US Steel has repeatedly violated, and will continue to violate" provisions of the Clean Water Act and its wastewater discharge permit.

    Source : WHIO com
  2. forum rang 10 voda 19 december 2017 17:17
    Kazakhstan’s largest iron ore company now has a smart mine

    Miningcom reported that major iron ore project in Kazakhstan is getting a high-tech makeover. The Kacharsky mine, operated by Eurasian Resources-owned JSC Sokolov-Sarbai Mining Production Association or SSGPO, is being transformed into a "smart mine."

    With an investment of USD 10 million, a new modular automated system for production processes was integrated with Kacharsky’s existing Geographic Information System and Enterprise Resource Planning System. From now on -the company said in a press release-, operators will be able to build an optimal production scenario via GIS MineSched and GIS Surpac and use US Modular Mining Systems to plan the despatch and delivery of products. This means that the mine can be monitored in real time by sensors that can detect where changes should be made in the mining process to improve productivity. Once this happens, the computer system will then make the required adjustments, including allocating mining vehicles and equipment if necessary.

    The live data obtained from such processes would provide a better understanding of how equipment is being used at Kacharsky and, according to SSGPO, increase equipment productivity by more than 10%. The company also expects to minimise failures, eliminate unscheduled equipment downtime, expedite the movement and allocation of machines, and optimise costs.

    Kacharsky currently generates 50% of all SSGPO’s iron ore to produce pellets and concentrate. This adds up to 20 million tonnes of mineral per year.

    SSGPO’s announcement was made the same week the country’s president, Nursultan Nazarbayev, and representatives from the Ministry of Investment and Development took part in the annual Kazakhstan Industrialization Day and announced that, among the 18 projects receiving their support, there is one called IntelliSense Lab, which is a joint venture between IntelliSense.io and Tech Garden. The goal of this project is to deploy what its developers call “Industry 4.0 technologies” to aid the digital transformation of the Kazakh mining industry.

    Source : Mining.com
    Bijlage:
  3. forum rang 10 voda 20 december 2017 16:11
    Mondiale staalproductie opnieuw gestegen
    Stijging van 3,7 procent in november.

    (ABM FN-Dow Jones) De wereldwijde staalproductie is in november verder gestegen, maar wel iets minder hard dan in de voorgaande maand. Dit bleek woensdag uit cijfers van brancheorganisatie World Steel Association.

    In totaal maakten de 66 staalproducerende landen in de afgelopen maand 136,3 miljoen ton staal, een stijging van 3,7 procent op jaarbasis. In de voorgaande maand steeg de productie nog met 5,7 procent.

    In China, wereldwijd verreweg de grootste fabrikant van staal, steeg de productie afgelopen maand op jaarbasis met 2,2 procent tot 66,2 miljoen ton. Japan zag de productie afgelopen maand toenemen met 1,0 procent.

    In Italië en Spanje werd respectievelijk 3,3 en 18,0 procent meer staal gemaakt, maar in Frankrijk daalde de productie met 8,7 procent.

    De Verenigde Staten produceerden 6,7 miljoen ton staal, 7,0 procent meer dan een jaar geleden.

    De bezettingsgraad van staalproducerende landen steeg in november op jaarbasis met 1,5 procentpunt naar 70,7 procent. Vergeleken met oktober dit jaar betekende dit evenwel een afname van 2,2 procentpunt.

    Door: ABM Financial News.

    info@abmfn.nl

    Redactie: +31(0)20 26 28 999

    Copyright ABM Financial News. All rights reserved

    (END) Dow Jones Newswires
  4. forum rang 10 voda 20 december 2017 16:11
    Beursblik: Goldman Sachs optimistisch over grondstofprijzen
    Verwachting van stijgende prijzen olie, zink en nikkel.

    (ABM FN-Dow Jones) Goldman Sachs is positief gestemd over de grondstofprijzen in 2018. Dit bleek uit een rapport van de Amerikaanse zakenbank.

    Afgelopen jaar hebben de grondstofprijzen zich volgens de analisten teleurstellend ontwikkeld, vooral in vergelijking tot de oplopende aandelenkoersen. Voor komend jaar is Goldman Sachs desalniettemin enthousiast over de vooruitzichten.

    Olie

    Wat betreft olie denken de analisten van de zakenbank dat halverwege volgend jaar de wereldwijde olievoorraden weer in balans zullen zijn. Dit zal in de tweede helft van 2018 leiden tot een geleidelijke opheffing van de productiebeperkende maatregelen van OPEC en Rusland. De schalieproductie in Amerika zal naar verwachting van de analisten hoog blijven.

    Aluminium

    De wereldwijde aluminiummarkt staat er volgens Goldman Sachs goed voor. Dit is volgens de analisten te danken aan de pogingen van China om een beter milieubeleid te voeren. Daardoor zal de productie in China dalen. Er rest volgens de bank evenwel weinig prijspotentieel, hoewel een terugval naar de niveaus van begin dit jaar ook niet zal gebeuren.

    Nikkel

    Wat betreft de nikkelprijzen rekent Goldman Sachs op een prijsstijging in het begin van 2018, dankzij goede macro-economische omstandigheden, gunstige seizoensontwikkelingen en door capaciteitsreducties in China. Kijkend naar een termijn van zes tot twaalf maanden wordt echter uitgegaan van een daling op basis van een "bescheiden" groeivertraging China.

    Zink

    De zinkmarkt zal krap blijven in de eerste helft van 2018 door lage voorraden en lagere niveaus van de verwerkingslonen in China. Ook speelt backwardation, wat betekent dat de spotprijs hoger ligt dan de prijs voor levering in de toekomst, een rol. In de tweede jaarhelft voorzien de analisten dat de voorraden toenemen. Na 2018 verwacht de Amerikaanse bank dat er sprake zal zijn van bescheiden overschotten, maar de zinkprijzen zullen volgens de analisten waarschijnlijk hoog blijven.

    IJzererts

    In november en begin december dit jaar zijn de ijzerertsprijzen gestegen tot boven de 70 dollar per ton, maar de analisten denken niet dat dit niveau houdbaar is. Voor de komende drie maanden wordt gerekend op een prijsniveau van 60 dollar per ton. Voor heel 2018 rekent Goldman Sachs op een gemiddelde prijs van 55 dollar, door een toename aan de aanbodzijde.

    Door: ABM Financial News.

    info@abmfn.nl

    Redactie: +31(0)20 26 28 999

    Copyright ABM Financial News. All rights reserved

    (END) Dow Jones Newswires
  5. forum rang 10 voda 20 december 2017 16:43
    India has huge potential for steel exports growth - Mr Sushim Banerjee

    Mr Sushim Banerjee DG of Institute of Steel Growth and Development in his personal capacity wrote for Financial Express that it is a good news that India’s current account deficit at USD 7.2 billion has come down to 1.2% of GDP by Q2 of the current fiscal compared to 2.4% in Q1. However, the total deficit is almost double than what it was in Q2 of last FY. One of the major contributors of lowering of the CAD was lower merchandise trade deficit and here growing net steel exports played a supporting role. During the first 8 months of the current fiscal, total steel exports at 7.84 million tonne valued at INR 36,339 crore was 1.67 million tonne more than total steel imports valued at INR 29,616 crore.

    In addition to saleable steel, the total steel exports and imports data also include fittings, miscellaneous steel items pig iron, sponge iron, HB iron and ferro alloys. It is seen that during April-November’17 period, while total value of steel exports including those above related items comes to INR 54,795 crore, the value of corresponding steel imports comes to INR 53,160 crore, yielding a surplus of INR 1,635 crore, which would add to the merchandise trade surplus of the country. Report says that total exports grew by more than 30% in November’17 and 80% of this rise was contributed by engineering goods, chemicals and gems and jewellery. Total imports also grew by nearly 20% in November’17 but most of this rise was due to uptick in oil imports. The current price of crude oil has already crossed USD 62 per barrel and the rising trend is ominous for India’s trade deficits. It is seen that non-oil, non-gold imports rose by more than 22% in November’17 and if it signals better health of the industry, it should reflect a higher IIP for the month.

    Looking at the trend of steel exports and imports in the last few months, it is observed that finished steel exports which was at a level of 0.77 million tonne in July’17 has reached 1.01 million tonne in November’17 with the peak reaching in September’17 (1.12 million tonne), a growth of 0.24 million tonne in 4 months, and finished steel imports coming down from a level of 0.8 million tonne in July’17 to 0.6 mt in November’17, a fall of 0.2 million tonne. Accordingly, the net exports surplus is increasing during the last 4 months. It has also resulted in a higher capacity utilization by the domestic producers. The rising trend in steel exports is encouraging. As steel exports are at 25-28% of total finished steel production in the global market and in India it is only 11-12%, there is a huge potential for Indian steel exports to grow in the coming years. While more exports enlarge the scope of operation of the producers and expose it to the vagaries of stiff competition in the global market, the experience can be replicated in the domestic market. The lessons learnt in areas of quality specifications, maintaining strict delivery schedules, loading and stevedoring and above all fixing of competitive prices out of strong negotiation are crucial take away for the domestic markets. However, it must be appreciated that direct negotiation with OEMs in countries abroad provide the real inputs of the sectoral health of different end-users in the global market, a lesson that is sorely missed while negotiating export deals with the agents operating in those regions.

    During the first 8 months, semis, bars and rods, HRC, billets/slabs, CRC, coated products, pipes and plates comprise around 97% of total steel exports. The export basket, which was heavily loaded with plates a decade ago, currently comprises both long and flat products. This unmistakably indicates a qualitative transformation of Indian steel industry. The technological upgradation of the old mills and superior technology of the new mills have enabled Indian steel industry to attain a distinctive mark in the global market. It is heartening to note that other than the major steel producers, a few medium and small enterprises have also participated in the export of alloy and SS, billets, TMT bars, wire rods, GP/GC sheets and pipes during the period. Alloy/SS TMT and wire rods have been exported by medium-scale private steel producers. After some semblance of normality in the Euro crisis, Indian steel exporters have targeted Italy, Belgium, Poland, Spain and Turkey as major centres (27% of total exports) for bars and rods, CRC, GP/GC, plates, HRC, alloy/SS. The neighbouring markets in Bangladesh, Sri Lanka, Nepal and Myanmar importing billets/slabs, bars/rods, structurals, HRC and CRC from India account for around 15% of total steel exports. The SE Asian markets of Indonesia, Thailand and Malaysia importing semis, GP/GC, HRC, structurals, CRC, alloy/SS from India account for 11% of total steel exports. In the Middle East, Indian exports cater to UAE and Saudi Arabia (9% of total exports) for semis, bars and rods, HRC, CRC and GP/GC sheets, alloy/SS. While USA (4% of total exports) imports bars/rods and GP/GC from India, Vietnam (9% of total exports) has emerged an important destination for Indian exports of bars/rods and HRC.

    Source : Financial Express
  6. forum rang 10 voda 20 december 2017 16:45
    JSW Steel orders 2 slab casters (4.5MPTA) and HSM (5MPTA) from Primetals Technologies

    Primetals Technologies has won an order from JSW Steel Ltd an Indian steel producer, to supply two continuous slab casters to its Dolvi plant in Maharashtra. Together, the two two-strand casters will have an initial annual capacity of around 4.5 million tonnes of slabs with future capacity potential for 6 million tonnes. The casters are scheduled to come on stream in the middle of 2019. The order to supply a hot rolling mill to the Dolvi site has also been received by Primetals Technologies. The hot rolling mill has an annual capacity of 5 million tonnes per year.

    The two continuous casting plants from Primetals Technologies are designed as bow caster with straight SmartMold, and have a machine radius of nine meters and a metallurgical length of 34.5 meters, with a provision of 36.9 meters in future. Slabs will be cast with a thickness of 220 millimeters in widths ranging from 900 to 1,650 millimeters. The maximum casting speed will be just under two meters per minute with a provision of 2.1 meters per minute in future. Primetals Technologies will install a number of technology packages to ensure not only a trouble-free casting process, but also slabs with high surface and internal quality. The packages include the Mold Expert breakout detection system, the LevCon mold level control, the DynaFlex mold oscillator, and the Quality Expert inline quality assurance system. Primetals Technologies will also supply the complete basic (level 1) and process automation (level 2) systems. DynaGap Soft Reduction in combination with Dynacs 3D cooling model will enable slabs to be cast from high-quality pipe grades and other micro- alloyed steels. Primetals Technologies will supervise installation and commissioning of the continuous casting plants, and train the customer's personnel.

    The hot rolling line consists of one roughing stand with edger, a crop shear, a seven-stand finishing mill, three down coilers and a pallet conveyor. It produces hot strip with thicknesses from 1.5 to 16 millimeters and widths from 900 to 1,650 millimeters. The maximum coil weight is 34 metric tons. The mill can handle many different steel grades, including carbon structural steel, high quality carbon steel, low alloy steel, DP & TRIP, as well as HSLA and API grades up to X-70. Primetals Technologies is responsible for the design, engineering and supply of the mechanical equipment. Four stands of the finishing mill are equipped with pair cross technology. Pair cross rolls consist of upper and lower work and backup rolls set at an angle to each other, so that each pair forms an X when viewed from above. This enables the roll gap to be set optimally for fine control of the profile of the rolling stock. Depending on the angle set, the crown of the strip can be varied within wider limits as would be possible with conventional four-high stands with work roll bending. Across the world, around 150 finishing stands are equipped with pair cross technology.

    Source : Strategic Research Institute
  7. forum rang 10 voda 20 december 2017 16:46
    Tata Steel Kalinganagar capacity to go up to 8MPTA

    Tata Steel announced that its board has approved raising INR 12,800 crore through a rights issue to finance organic and inorganic growth plans and to expand the capacity of Kalinganagar plant by 5 million tonne per annum to 8 million tonne per annum with a total investment of INR 23,500 crore. The board also reviewed the financial strategy of the company in the light of organic and inorganic growth strategy of the company and approved financial plan to raise capital for the plan.

    It said "The Board approved issuance of equity and equity linked instruments including ordinary shares of the company by way of a rights issue to existing shareholders on record date for an amount not exceeding INR 12,800 crore.”

    It also said “Following the successful implementation of the phase 1 of the Kalinganagar Project in Odisha, the board approved the next phase of expansion of capacity in Kalinganagar by 5 MTPA from 3 MTPA to 8 MTPA. An amount of INR 23,500 crore will be required for the project which the company aims at completing within 48 months from the date of commencement of construction.”

    It added “The mode of finance for the work will be through a combination of debt and equity and the project configuration and costs includes investments in raw material capacity expansion, upstream and midstream facilities, infrastructure and downstream facilities including a cold rolling mill complex.”

    Currently, Tata Steel has a 13 million tonne capacity in India with 10 million tonnes coming from Jamshedpur and balance three million from Kalinganagar phase I.
    Source : Strategic Research Institute
    Bijlage:
  8. forum rang 10 voda 20 december 2017 16:48
    SUFI sets new industry benchmark with Steel Awards 2017

    The Inaugural SUFI Steel Awards 2017 took place at the Grand Salon, The Sofitel BKC at Mumbai on 16th December 2017. The chief guest for the function was Mr Subhash Desai Industries Minister Government of Maharshtra and Guest of Honor was Dr AS Firoz Chief Economist JPC Ministry of Steel. The awards function was attended by eminent jury panel of Mr Ramesh Chander Commisoner Customs Mumbai, Mr Mohan Gurnani Chairman CAMIT, Mr Abhijeet Sinha Country Director ASSAR and Mr Hinesh Doshi Eminent Tax Expert.

    Winners
    Emerging Steel Company of the Year - Kalyani Steel Ltd
    Steel CEO of the Year – Mr R Sridhar CEO Essar Steel Pune
    Steel Company of the Year - JSW Steel

    The whole steel fraternity including steel mills such as Tata Steel, JSW Steel, JSPL, SAIL, Manaksia, Essar Steel, Bhushan Steel, Bhushan Steel and Power, ACCIL, CRIL, Uttam Steel along with big steel users and prominent traders and service providers were present .The function was well attended by foreign companies such as Macsteel, Nippon steel and Sumikin Busan, Duferco, Manucher Trading, CIEC, Nucor Trading, ThyssenKrupp, Aluzinc Asia, Pisec Group Gmbh and Toyota Tsusho etc.

    Steel Associations across India such as Bima, Disma, Steel chamber of India, Gujarat Federation, Tamilnadu Association, Ilva, BME, CAMIT, AIEA, IMC were present to felicitate the best in steel industry.

    Mr Dilip Oommen MD Essar steel ltd delivered the key note speech giving details of current status of Indian Steel Industry and the challenges faced.

    Dr Firoz enlightened the audience on the new steel policy and how the target of 300 million tonnes by 2030 is achievable. Dr Firoz also said that this is great initiative and vision of President SUFI Mr Nikunj Turakhia and offered whole hearted support from the Ministry Of Steel

    Mr Ramesh Chander explained the impartial inclusive and comprehensive selection process to come to the final decision of winners in different categories.

    Mr Sanjay Jayram informed the audience about future expansion plans of JSW Steel.

    Mr Abhijeet Sinha threw light on various initiative by Govt of India under ease of doing business and Make in India programmes.

    Mr Nikunj Turakhia founder President of SUFI informed the audience of various initiatives taken up by SUFI such as holding seminars and conferences, coming out with book GST Decoded for Steel, Panels on GST, Direct Taxes and Customs. He further laid down the road map for future plans of SUFI in order to help kick start consumption cycle in steel so as to achieve target of 160 kgs per capita by 2030.

    Mr.Vinod Bane SUFI Joint Secretary thanked the principal sponsors Pushpak Rolling mills and Associate sponsors & partners for their whole hearted support.

    Source : Strategic Research Institute
  9. forum rang 10 voda 20 december 2017 16:52
    China's steel export price hits near four year high - CISA

    Xinhua reported that improved product quality and structure brought China's steel export price to 798.8 US dollars per tonne in October, the highest level since February 2014. According to the China Iron and Steel Association, in the first 10 months of this year, the average export price of steel products was 700.8 US dollars per tonne, 211 US dollars or 43.1% higher than the same period last year.

    Despite a 30.4% year on year drop in steel exports to 64.49 million tonnes in the ten-month period, revenues from the exports only shrank 0.3% to nearly USD 45.2 billion. Mr Gu Jianguo, deputy head of CISA said that this reflected improvement in both the structure and quality of steel exports.

    Most of China's steel enterprises performed better thanks to the country's continued capacity-cutting efforts, which are a key part of the ongoing supply-side structural reform. During January to October, CISA members said their return on sales reached 4.41 percent, up from 2.77 percent in the first quarter of this year.

    According to the National Bureau of Statistics, China has completed its task of slashing steel production capacity by around 50 million tonnes this year by phasing out substandard steel bars and zombie companies.

    Source : Xinhua
  10. forum rang 10 voda 20 december 2017 16:53
    Ascometal attracts four bidders - Report

    Reuters, citing union officials, reported that troubled French steelmaker Ascometal has drawn interest from four potential buyers, including commodity group Liberty House. They said “Three companies Liberty House, Switzerland’s Schmolz + Bickenbach and Spain’s Sidenor have submitted offers by a Monday deadline set by a court in eastern France while an unnamed party submitted a letter of intention.”

    French daily Le Monde said that the fourth potential buyer for Ascometal was Italian steel firm Beltrame.

    A source close to the matter said that one of the offers was for the whole of Ascometal and supported by the company, which supplies industries including oil production and car making.

    A court hearing is scheduled for Jan. 10 to review offers.

    Ascometal, which employs more than 1,300 people, filed for court protection last month after weak steel and oil markets in the past two years undermined an attempted recovery following a previous buyout in 2014. Ascometal reported sales of 500 million euros for 2015 but union sources said they have since fallen below 400 million. It has five factories in France.

    Source : Reuters
  11. forum rang 10 voda 20 december 2017 16:55
    voestalpine Tubulars commissions new heat treatment line and hot tube straightener from SMS group

    voestalpine Tubulars GmbH & Co KG based in Kindberg-Aumühl, Styria, Austria, has successfully commissioned a new heat treatment line and a hot tube straightening machine supplied by SMS group. The line is designed for seamless tubes with outside diameters between 60.3 and 273.0 millimeters. It can process steel grades with alloying contents of up to approx. 20 percent. The line has a maximum capacity of 25 tons per hour. With this new line, voestalpine is strengthening its market position as a supplier of seamless tubes for oil and gas exploration.

    The heat treatment line supplied by SMS group consists of a walking beam type austenitizing furnace, an SMS Quenching Head, a cooling table for normalizing, a tempering furnace, also of walking beam design, a cooling bed and two sawing stations for sample cutting. This equipment allows voestalpine Tubulars to perform various different heat treatments such as quenching, tempering, and normalizing in one single line.

    Today the heat treatment line can handle tubes with wall thicknesses of up to 25 millimeters. The line is designed to be expanded by an additional quenching unit at a later stage in order to process tubes with wall thicknesses greater than 30 millimeters.

    The cross-roll straightener with ten individually controlled rolls has a very sturdy design and allows rapid roll changing for minimum standstill times. The line is controlled fully automatically.

    Thanks to the high product flexibility of the line, also small batches and a great number of different product groups can be processed highly cost-efficiently.

    The use of eco-friendly, extremely low-NOx recuperator burners in the furnaces saves up to five percent of fuel compared to conventional burners. The water treatment plant cools and filters up to 1,800 cubic meters of water per hour, reducing fresh water requirements to less than three percent.

    SMS group received the Final Acceptance Certificate after only two months of intensive testing in close cooperation with the engineers of voestalpine Tubulars. During these tests, all performance parameters (specific fuel consumption, temperature uniformity, production rate and final tube quality) were successfully reached.

    Source : Strategic Research Institute
    Bijlage:
  12. forum rang 10 voda 20 december 2017 16:56
    Section 232 - US steel companies Trump card in 2018

    Market Realist reported that earlier in the year, the Trump Administration ordered a probe under Section 232 of the Trade Expansion Act of 1962 to investigate whether steel imports threaten US national security. The 270-day deadline for the probe’s findings will end in mid January. Meanwhile, US steel imports have refused to die down despite the ongoing probe. Steel imports have actually risen this year.

    US steelmakers have been quite vocal against imports. They used all of the remedies available under existing laws. There have been momentary drops in imports after a successful trade case followed by imports substituted from new locations. In last year’s flat-rolled case, imports started to flow in from new locations after major suppliers including China and South Korea were named in the trade case.

    While the demand environment looks reasonably good as we head into 2018, US steelmakers need some support from the Trump Administration in curbing steel imports. Most US steel producers, including US Steel Corporation and AK Steel are optimistic that the Section 232 probe could help address the higher steel import situation.

    Source : Market Realist
  13. forum rang 10 voda 20 december 2017 16:57
    ISA seeks steel secretary intervention to help tide over rail rakes shortage

    Money Control reported that The Indian Steel Association, an industry body representing companies accounting for 60 percent of the crude steel produced in the country, has sought Steel Secretary Dr Aruna Sharma’s intervention to resolve the issue of shortage of rail rakes. The lack of movement of raw materials like iron-ore and coal from mines as well as ports has forced steel manufacturers to scale back production.

    In a December 13 letter written to Sharma, Indian Steel Association’s Secretary General and Executive Head Mr Bhaskar Chatterjee requested the secretary to take up the matter with the Railways at the highest level. He wrote “We request your urgent intervention to restore the rake supply to steel sector pre-October levels and meet its demand. The steel industry needs a minimum of 35-40 additional rakes per day for meeting its raw material requirements then (sic) than is being available at present.”

    The shortage of rail rakes has led to a piquant situation, according to the letter. While on one hand, it has led to a shortage of raw material supplies to steel plants, there is also an inventory pile-up of the finished steel product which is hurting both its domestic as well as export volumes. The letter pointed out that iron-ore stocks at several steel plants had reached critical levels and some companies could be forced to suspend production.

    The problem is more acute in case of movement of iron-ore from south eastern and east coast railways, and imported coal docked at Paradip, Dhamra and Vishakhapatanam ports. The affected producers include state-owned manufacturers like Steel Authority of India and Rashtriya Ispat Nigam, private companies like Jindal Steel & Power and Bhushan Steel, and many smaller plants located in Chhattisgarh, Jharkhand and Odisha.

    Source : Money Control
  14. forum rang 10 voda 20 december 2017 16:58
    Tata Steel to acquire three steel companies by April 2018 - Mr N Chandrasekaran

    Avenue Mail reported that Tata Steel is planning acquisition of Monnet Steel, Bhushan Steel and Electro Steel by April 2018 in a bid to increase the production capacity of its Indian operations. This was disclosed by the Tata Sons chairman Mr N Chandrasekaran during a meeting with Tata Workers Union leaders in the company’s Board Room.

    During the 40 minute long conversation, the chairman informed the Union leaders about company’s future plans.

    He said the production capacity of Jamshedpur plant would be increased from 10 to 15 million tonne in the next five years while the production capacity of Kalinganagar plant would be increased from 3 million tonne to 8 million tonne in the next three years.

    Source : Avenue Mail
  15. forum rang 10 voda 20 december 2017 16:59
    Increasing steel prices a headache for small industry in Punjab

    Tribune India reported that rising steel prices in the country is troubling industries which use steel as raw material such as cycle and cycle parts, auto parts, machine tool, hand tools are worst affected. Fixing prices of the finished products has become a tough task for the industries. Frequently changing the price of end products is difficult and the change in price of raw material is giving a tough time to the industry.

    Mr Gurmeet Singh Kular president, Federation of Industrial and Commercial Organisation, said that “The industry has been demanding from the government to set up a committee to regulate the prices of steel for a long time now. Prices need to be regulated, otherwise frequent rise in the prices will create havoc for industry.”

    Another businessman, Mr Vinay Kansal, said the export of steel from India had picked up due to which the prices were increasing for the local industry. He said that “The ever-changing and increasing prices need to be curbed with the government’s intervention. Industry cannot change the price of the finished good every week. If the prices are increased, the customer drifts away.”

    Source : Tribune India
  16. forum rang 10 voda 20 december 2017 17:02
    ANDRITZ delivers new walking beam furnace for wire mill at Swiss Steel AG

    International technology group ANDRITZ has received an order from Swiss Steel AG, Switzerland, for the supply, installation, and startup of a new walking beam furnace with an output of 150 t/h for heating the continuous-cast billets at the Emmenbrücke plant, Switzerland. Start-up is scheduled for the fourth quarter of 2019.

    The turnkey furnace plant delivered by ANDRITZ Maerz, headquartered in Düsseldorf, essentially comprises the refractory lining, the transport system, the inlet and discharge machinery, the combustion plant, and the I&C equipment, as well as the mathematical furnace model to optimize the various thermal furnace operating modes. The furnace is preceded by a buffer bed with separating system as well as a feed conveyor with automatic billet identification and possible removal of faulty billets. The feed conveyor between the furnace and the rolling mill is also part of the scope of supply.

    Billets of different dimensions and qualities are heated in the walking beam furnace and then rolled into wire of different gages in the rolling line. The heating technology was designed such that scaling and surface decarburization are as low as possible, heat consumption is kept to a minimum in spite of the need for high temperature uniformity, and the NOx and CO emissions are reduced to the maximum possible extent.

    A complete cooling plant with an emergency cooling plant and a heat recovery system that make best use of the residual heat from the waste gas will be supplied to cool the transport system in the furnace. An additional filtering plant installed in the waste gas system reduces dust emissions to a minimum.

    Swiss Steel AG is an affiliate of SCHMOLZ + BICKENBACH AG, Lucerne, which is one of the leading suppliers of long products made of special steel. In the European market for long products made of steel, Swiss Steel AG is one of the leading suppliers of high-grade steel, engineering steel, and free-cutting steel grades.

    Source : Strategic Research Institute
  17. forum rang 10 voda 20 december 2017 17:29
    Staalbedrijf ArcelorMittal schikt milieuzaak

    Gepubliceerd op 20 dec 2017 om 16:34 | Views: 595

    ArcelorMittal 17:08
    26,88 +0,03 (+0,09%)

    WASHINGTON (AFN) - Een dochter van staalbedrijf ArcelorMittal heeft in de Verenigde Staten een rechtszaak over milieuovertredingen voor 1,5 miljoen dollar geschikt. ArcelorMittal Monessen had volgens de staat Pennsylvania en de federale overheid te hoge concentraties van bepaalde stoffen uitgestoten.

    ArcelorMittal Monessen moet ook voor 2 miljoen dollar aan maatregelen nemen om herhaling te voorkomen. Zo moet onder meer de uitstoot van zwavelverbindingen beperkt worden.

    Het schikkingsbedrag gaat voor de helft naar de federale overheid. De andere helft gaat naar de staat Pennsylvania, waar de fabriek van ArcelorMittal Monessen staat. De beide overheden waren samen opgetrokken tegen het staalbedrijf.
  18. forum rang 10 voda 20 december 2017 20:15
    Rio Tinto to expand automation in Pilbara operation

    The Sydney Morning Herald reported that miner Rio Tinto will significantly expand automation at its Pilbara iron ore operations with the retrofitting of 48 giant haul trucks with autonomous technology over the next two years, as part of a wide ranging USD 5 billion productivity program. The company is also investigating “future additions” to its autonomous Pilbara fleet, and says its fully-autonomous heavy haul rail network is on track to be completed by the end of next year.

    When the conversions are completed more than 130 trucks in Rio’s haul fleet, almost one in three, will be autonomous.

    Rio said that the truck project will improve productivity and help the iron ore division deliver an extra half a billion dollars a year in free cash flow from 2021.

    The project includes the retrofitting of 29 Komatsu trucks and 19 Caterpillar trucks. The move is the first time that Rio has employed Autonomous Haulage System technology on Caterpillar haul trucks.

    When the Komatsu conversions are completed, Rio’s Brockman 4 iron ore mine will run “entirely in Autonomous Haulage System mode once fully deployed”, the company said in a statement.

    Rio’s iron ore chief executive, Chris Salisbury, said that “We are excited to be starting a new chapter in our automation journey with a valued long-term partner in Caterpillar and we are proud to be extending our successful partnership with Komatsu on this world-first retrofitting initiative.”

    He said that “Rapid advances in technology are continuing to revolutionise the way large-scale mining is undertaken across the globe. The expansion of our autonomous fleet via retrofitting helps to improve safety, unlocks significant productivity gains, and continues to cement Rio Tinto as an industry leader in automation and innovation.”

    He said that “We’ve used automation successfully for new pieces of equipment, but this is the very first time that we’ll be retrofitting automation to what were previously manned trucks. So yes, it is a significant development.”

    He said that the installation of the "automation smarts" in the trucks would occur alongside physical changes in the truck, "to allow the truck to steer itself and brake itself.”

    Source : The Sydney Morning Herald
    Bijlage:
  19. [verwijderd] 21 december 2017 13:34
    December 21, 2017 / 1:00 PM

    UPDATE 1-EU orders Italy to recover 84 mln euros in loans from Ilva

    BRUSSELS, Dec 21 (Reuters) - European Union competition supervisors ordered the Italian government on Thursday to recover about 84 million euros ($100 million) from steelmaker Ilva after ruling that two loans it made in 2015 constituted illegal state aid.

    Other support measures for Ilva were found not to be state aid, the European Commission said in a statement. Among these were more than 1.1 billion euros transferred from Ilva’s owners to the company in June to help clean up pollution around the Taranto plant.

    The Italian government expressed “enormous satisfaction” with the decision, saying in a statement that the Commission had looked into measures worth more than a combined 2 billion euros.

    The Commission added that its decision had no impact on an EU legal case over the existing pollution, nor on the Commission’s separate investigation of an acquisition bid for Ilva by a consortium led by ArcelorMittal, the world’s biggest steelmaker.

    EU Competition Commissioner Margrethe Vestager said in the statement: ”The best guarantee for a sustainable future of steel production in the Taranto region is the sale of Ilva’s assets at market terms -- it cannot rely on artificial state support...

    “This does not change the fact that, in the right hands, Ilva has a sustainable future ... Essential de-pollution work should continue without any delay to protect the health of Taranto’s inhabitants.” (Reporting by Alastair Macdonald; Additional reporting by Crispian Balmer in Rome; Editing by Robin Emmott)

    www.reuters.com/article/ilva-ma-arcel...
  20. forum rang 10 voda 21 december 2017 17:10
    IBC resolution of steel firms pushed to FY19 - Report

    Business Standard reported that Indian lenders are likely to wrap up the resolution process of Bhushan Power & Steel, Essar Steel, Monnet Ispat & Energy, and Electrosteel Steels only in the first quarter of the next financial year and miss the initial deadline of December-end set under the Insolvency and Bankruptcy Code.

    The delay, sources said, was on account of finalizing the evaluation criteria with few promoters planning to make their bids by tying up with private equity firms.

    Legal sources said apart from lack of clarity on income-tax liabilities, how Competition Commission of India rules would apply to these companies was a major concern among the bidders.

    A banker said that “There is some confusion over bidding criteria and delisting of listed entities too.”

    According to the IBC rules, a resolution plan for a company would have to be finalised within 180 days but under special circumstances it could get an extension of another 90 days.

    Source : Business Standard
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