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Aandeel ArcelorMittal AEX:MT.NL, LU1598757687

  • 23,730 23 apr 2024 12:56
  • -0,380 (-1,58%) Dagrange 23,650 - 24,100
  • 1.193.305 Gem. (3M) 2,4M

Nieuws en info hier plaatsen (deel 4)

35.173 Posts
Pagina: «« 1 ... 829 830 831 832 833 ... 1759 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 25 juni 2018 16:21
    Wereldwijd meer staal geproduceerd

    (ABM FN-Dow Jones) De mondiale staalproductie is in mei harder gestegen dan in de voorgaande maand. Dit bleek maandag uit cijfers van brancheorganisatie World Steel Association.

    In totaal maakten de 64 staalproducerende landen in de afgelopen maand 154,9 miljoen ton staal, een stijging van 6,6 procent op jaarbasis. In april steeg de productie met 3,8 procent.

    In China, wereldwijd met afstand de grootste fabrikant van staal, steeg de productie afgelopen maand op jaarbasis met 8,9 procent tot 81,1 miljoen ton. Japan zag de productie afgelopen maand met 1,8 procent toenemen.

    In Spanje en en Italië steeg de productie ook, maar in Frankrijk was er sprake van een daling van 6,5 procent.

    De Verenigde Staten produceerden in mei 7,1 miljoen ton staal. Dit was 3,0 procent meer dan een jaar eerder.

    De bezettingsgraad in staalproducerende landen steeg op jaarbasis met 4,2 procentpunt naar 77,7 procent. Vergeleken met april betekende dit een toename van 1,0 procentpunt.

    Door: ABM Financial News.
    info@abmfn.nl
    Redactie: +31(0)20 26 28 999

    © Copyright ABM Financial News B.V. All rights reserved.
  2. forum rang 10 voda 25 juni 2018 20:11
    16 items added to Steel and Steel Products (Quality Control) Order

    Asian Age reported that in its commitment to ensure 100 per cent quality regime in steel sector, Ministry of Steel has issued two Quality Control orders namely Steel and Steel Products(Quality Control) Order, 2018 and Stainless Steel Products (Quality Control) Order, 2018 vide Notification No SO 2998 (E) and SO 2999 (E) respectively dated June 20 2018. As a result, 16 more steel products have been brought under the ambit of quality control order. Ministry of Steel has decided to cover Tin Plates (IS: 1993), used in food, food additives, drug and medicines, under the mandatory quality control regime and the process is being initiated.

    Prior to this, 34 carbon steel products and 3 stainless steel products were notified by Ministry of Steel. In effect, these quality control orders now cover 50 carbon steel and 3 stainless steel products, which have direct bearing on human health and are critical to safety & security of infrastructure, housing, engineering application and public at large. By implementing these orders, around 85-90% of steel and steel products consumed in the country would be covered under Quality Control Orders (QCO).

    Ministry of Steel is also considering bringing the remaining steel products under QCO in consultation with stakeholders in phased manner.

    In terms of the above notification, the notified steel items cannot be produced, sold / traded, imported and stocked unless they bear BIS Mark. Domestic manufacturers of these items have to obtain BIS certification mark licenses. Foreign suppliers willing to supply these items to India have to obtain BIS registration.

    Source : Asian Age
  3. forum rang 10 voda 25 juni 2018 20:13
    ArcelorMittal Tailored Blanks invests EUR 7 million in a high technology welding line in Uckange

    ArcelorMittal is installing a new high-technology welding line at its ArcelorMittal Tailored Blanks Lorraine facility in Uckange, France. The new line follows a EUR7 million investment and will be the world’s first installation and application of a technology which enables two key processes in the production of laser welded blanks (LWB) – welding and partial ablation – to occur simultaneously. This will result in a 50% capacity increase when production begins - expected in September 2019. Laser welded blanks are an innovative way for automakers to enhance crash and safety performance while improving the fuel economy of the vehicle. By welding together steel grades with different coatings and thicknesses, LWBs ensure strength can be concentrated where it is most needed for crash resistance while more ductile steels can be used in the same part to control deformation. With LWBs, overall material thickness is reduced, decreasing weight and emissions. Manufacturing, material, and transport costs are reduced significantly.

    The new welding line with partial ablation in-line, named Souspeed-AB line, uses a new technology developed by ANDRITZ Soutec for an increased productivity. With this investment, ArcelorMittal Tailored Blanks already has two out of its three PHS LWB production centers operating with partial ablation in-line. In Tailored Blanks Gent (Belgium), traditional lines are already operated with in-line partial ablation. This was the first development step. Now Tailored Blanks Lorraine also features ablation in-line, combining it with the high productivity continuous concept of the Souspeed-AB line. The new line will allow ArcelorMittal Tailored Blanks to move one step further by introducing a new concept, Ablation 2.0, that combines the best from partial ablation and filler wire welding for the whole range of PHS grades and thicknesses in a single production step.

    The decision to locate the new welding line in Uckange is based on the proximity to the supply of press hardenable steel, which is required in the production of tailored blanks, from ArcelorMittal’s plants in Florange and Mouzon. Uckange is also well located for supply and distribution to ArcelorMittal Tailored Blanks’ key automotive customers.

    The EUR7 million investment in the new welding line was made with the support of Tailored Blanks Lorraine’s local community and government stakeholders. The Grand Est region will provide 10% of the investment and 25% of the related R&D expenses, and the Val de Fensch community will also provide co-investment in the new installation. ArcelorMittal will employ local companies for specific parts aspects of the project.

    A laser welded blank (LWB – also known as a tailored blank) is a sheet of steel which combines several different grades. Each grade can have different thicknesses and/or coatings. LWBs allow a part to be engineered for optimal performance and lightweighting. The separate grades are laser welded together to create a single sheet of steel which has the best grade in the best place for strength and deformation. Each sheet can be hot- or cold-stamped to give the part its final shape. The result is a ‘tailor-made’ solution with significant advantages for the customer. Today, LWBs are commonly used in automotive construction, particularly for the body-in-white and closures of a car.

    Laser welded blanks (LWBs) are an innovative way for automakers to reduce the weight of their vehicles while improving safety at the same time. They allow OEMs to combine different steel grades into one single part to ensure the right steel is in the right place for safety and performance. By welding together steel grades which deliver the required performance in exactly the right place, we can save steel and deliver weight savings.

    As well as different grades, the LWB can include steels with different coatings and thicknesses to optimize the part. In this way, strength can be concentrated where it is most needed for crash resistance while more ductile steels can be used in the same part to control deformation. With LWBs, overall material thickness is reduced, decreasing weight and emissions. Manufacturing, material, and transport costs are reduced significantly.

    Source : Strategic Research Institute
  4. forum rang 10 voda 26 juni 2018 17:01
    Maatregelen tegen staalinvoer EU op komst

    Gepubliceerd op 26 jun 2018 om 13:44 | Views: 2.446

    ArcelorMittal 16:42
    25,64 -0,35 (-1,33%)

    BRUSSEL (AFN) - EU-commissaris Cecilia Malmström (handel) verwacht dat de EU half juli maatregelen moet treffen om de stijgende staalinvoer vanwege de Amerikaanse importheffingen in te dammen. Staalproducenten zoeken naar andere afzetmarkten nu zij 25 procent moeten betalen op hun staalexport naar de VS en 10 procent op aluminium.

    Malmström zei dat tijdens de presentatie van het EU-jaarrapport over handels- en investeringsbelemmeringen. Welke soort maatregelen er moeten komen ,,is nog onderwerp van discussie.''

    Onderhandelingen tussen de VS en de EU liggen volgens de commissaris momenteel stil. Het is nu aan de Europese regeringsleiders om het verdere beleid uit te stippelen, zei Malmström. Zij bespreken de handelspolitiek donderdag op een top in Brussel.

    Vorig jaar hebben Europese bedrijven ter waarde van 4,8 miljard euro meer geëxporteerd dankzij het opheffen van handelsbelemmeringen op tal van producten tussen 2014 en 2016, stelt het rapport. Exporteurs melden sinds 2017 een ,,sterke toename’’ van protectionisme.
  5. forum rang 10 voda 28 juni 2018 16:49
    JSW Steel to expand steel manufacturing capacity of Vijayanagar Works to 13MTPA by FY2020

    JSW Steel has announced plans to increase the annual steel manufacturing capacity of JSW Vijayanagar Works to 13MTPA, which is likely to be completed by March 2020. The company has also launched various other upgradation and augmentation projects which are expected to result in substantial cost savings in operations over the long term. At 12 MTPA currently, JSW Vijayanagar Works is the largest state-of-the-art single location steel manufacturing unit in India.

    The following projects are initiated as part of the steel manufacturing capacity expansion at JSW Vijayanagar Works unit:

    1. The company’s current project to revamp and upgrade capacity of Blast Furnace-3 at JSW Vijayanagar Works is on track, which will improve hot metal availability.

    2. The company will modify and enhance capacity of its Steel Melting Shop, the flat and long products mills, along with allied facilities to utilize this additional hot metal . With these projects targeted to be completed by March 2020, the crude steel capacity of JSW Vijayanagar Works unit will increase to 13MTPA.

    3. The company will also set-up a 1.5MTPA coke oven plant at Vijayanagar to bridge the current and expected gaps in coke availability and is likely to be commissioned by March 2020. The coke oven unit is expected to provide significant cost savings for the company over the longer term.

    4. These capacity expansion & upgrade projects being implemented at JSW Vijayanagar Works steel manufacturing unit will entail a capital investment of Rs 7,500 crore until March 2020.

    Commenting on the capacity enhancement initiatives at JSW Vijayanagar Works, Dr Vinod Nowal, Deputy Managing Director - JSW Steel Ltd said, “The new capacity creation at JSW Vijayanagar Works steel manufacturing unit supports our company’s growth plans while further improving the efficiency of our manufacturing operations. With steel consumption in India expected to grow these capacity enhancement initiatives will ensure our readiness to promptly service emerging customer demand.”

    Source : Strategic Research Institute
  6. forum rang 10 voda 28 juni 2018 16:50
    Italy delays handover of Ilva steelworks to ArcelorMittal

    Reuters reported that Italy’s new government, led by 5-Star Movement, which governs in coalition with far-right League, has postponed its planned handover of the heavily polluting Ilva steel plant to ArcelorMittal by two and a half months to September 15 as Rome seeks more time to rejig the terms of the deal. New coalition government of Italy, chaired by Giuseppe Conte, plans to revise the terms of the deal with ArcelorMittal, concluded a year ago by the government of Gentiloni. Industry Minister Luigi Di Maio, whose party has long campaigned to close the plant, said on Tuesday evening the handover would be delayed. He said “I am evaluating every possible impact related to the decisions I will have to make, impact on environmental, social, economic and employment terms.”

    Di Maio said Ilva would not need a bridge loan to cover its production costs in the coming months.

    5-Star has campaigned for years to close Ilva, but rather than tear up the deal with ArcelorMittal, he has begun talks with business leaders, local officials and trades unions. The discussions point to the kind of compromise 5-Star will have to make with the pro-business League, which wants the plant to remain open, to maintain their partnership.

    The plant in southern Italy has been under state-supervised special administration since 2015, after magistrates said it must be cleaned up or closed. As previously reported, in June 2017, the Italian government agreed to sell the largest in Europe metrocombine Ilva company Am Investco, a joint venture of the transnational corporation ArcelorMittal and the Italian Marcegaglia. The offer of Am Investco provides for an investment of EUR 2.4 billion, of which EUR 1.25 billion will be invested in technology, and EUR 1.15 billion in environmental projects. The purchase price of Ilva's assets will be EUR 1.8 billion, as well as an annual rent of EUR 180 million. At the same time, the plan provides for a reduction in the number of personnel in 2018 to 9407 people with a further decrease to 8480 by 2023. At the moment, the company employs 14220 workers, as well as 4,100 people on outsourcing.

    Source : Reuters and uaprom.info
  7. forum rang 10 voda 28 juni 2018 16:52
    NMDC Nagarnar steel plant likely to start by year end

    Express News Service reported that with its plan to commission Nagarnar Steel Plant in Chhattisgarh by the year end, the National Mineral Development Corporation is primed to transform from a public sector mining company to a steel manufacturer. Already, INR 13,525 crore has been invested on the 3 Million Tonne per Annum capacity steel plant, out of the planned investment of INR 15,525 crore. With the Indian market anticipating stress on iron ore prices, thereby putting pressure on iron ore miners, NMDC is making efforts to commission the steel plant at the earliest, as diversification and value addition from the plant will help the Navratna PSU to stay competitive and profitable.

    Mr N Baijendra Kumar CMD of NMDC, speaking to TNIE said that “Standalone merchant mining is not as lucrative as it used to be, as steel producers are opting for captive mines as part of their backward integration strategy. Therefore, to stay relevant and add value, we are coming up with NMDC Iron & Steel Plant at Nagarnar. Besides ensuring value addition. it will boost our turnover hugely. While we have a turnover of about INR 11,000 crore now, Nagarnar plant alone, at the existing steel prices and functioning at 60 per cent of its capacity, will add about INR 9,000 crore per annum. So, our main focus is to commission this greenfield facility by the end of this calendar year. Most of the work has already been completed and it will start functioning by utilising 60 per cent of its capacity in the first year itself.”

    Source : Express News
  8. forum rang 10 voda 28 juni 2018 16:52
    Thyssenkrupp nears JV compromise deal with Tata Steel - Report

    Reuters, citing sources familiar with the talks, reported that Thyssenkrupp and Tata Steel are nearing EUR 15 billion deal this week to combine their European assets into a global steel giant. The sources said “Talks to hammer out the final details are progressing well and a compromise has been reached on closing a valuation gap between the businesses. Talks are very constructive, they are on the final stretches.”

    Sources told Reuters this month that the compromise options included a cash payment to Thyssenkrupp, changing the 50-50 ownership structure of the venture, lowering the debt to be transferred to it, or limiting dividend payments to Tata Steel for a number of years.

    Source : Reuters
  9. forum rang 10 voda 28 juni 2018 16:53
    NCLAT refuses to stop Vedanta from delisting Electrosteel

    Mint reported that the National Company Law Appellate Tribunal (NCLAT) on Wednesday refused to stay the delisting of Electrosteel Steel Ltd shares by its new promoter Vedanta Ltd, pursuant to the approval of the latter’s insolvency resolution plan for the debt-ridden steel manufacturer. The order by a two-judge bench led by Justice S.J. Mukhopadhyay came on an application moved by Renaissance Steel India Pvt Ltd.

    The application was part of the main appeal by Renaissance Steel against a 17 April order of the National Company Law Tribunal’s (NCLT’s) Kolkata bench, approving Vedanta Ltd’s INR 5,320 crore resolution plan for Electrosteel. Renaissance Steel has contested Vedanta’s eligibility to bid under Section 29A of the Insolvency and Bankruptcy Code (IBC) as one of Vedanta’s affiliates in Zambia, a unit of its UK-based parent Vedanta Resources Plc, had been found guilty of violating certain environmental laws, punishable with two or more years in jail.

    Vedanta Star Ltd, a wholly-owned subsidiary of Vedanta Ltd, intended to make a delisting offer to the existing shareholders of Electrosteel, offering an equivalent exit price of INR 9.54 per equity share after completion of the transaction steps for capital restructuring, according to a regulatory filing by Electrosteel with the BSE earlier this month.

    NCLAT had on 30 May reserved its verdict on Vedanta’s eligibility to submit a resolution plan, after hearing counsels for Renaissance Steel and Vedanta at length. The appellate tribunal, however, allowed Vedanta to make an upfront payment of INR5,320 crore to the committee of creditors (CoC) of Electrosteel, according to its approved debt resolution plan, and to further act in terms of the (resolution) plan.

    Source : Mint
  10. forum rang 10 voda 28 juni 2018 16:59
    JSW looking to expand capacity in India and overseas markets - Mr Seshagiri Rao

    CNBC-TV18 reported that after JSW Steel announced the USD 1 billion investment in its Texas and Ohio steel mills in the USA, the company on Wednesday said it's looking to expand capacities in India and overseas markets. Speaking to CNBC-TV18, Mr Seshagiri Rao, joint managing director and group chief financial officer, said JSW Steel is planning to expand capacity in India to seven million tonne in the next two years’ time, which is over 40 percent of our existing capacity in the country.

    He told "Investment in the US doesn’t mean that we don’t acquire in India. So, we continue to look for opportunities in India. We are almost doubling our downstream capacity. So, there is INR 45,000 crore investment we are making in India.”

    Source : CNBC-TV18
  11. forum rang 10 voda 28 juni 2018 16:59
    Alacero update on steel production, imports, exports and consumption in Latin America in Jan-Apr 2018

    Latin American steel association Alacero announced that the steel market in Latin America and the Caribbean between January-April 2018, presented an increase of 3% in the steel consumption, meanwhile the steel crude and finished production grew 5% and 7%, respectively versus same period of 2017, reflecting the global and regional improved economic conditions. Although, imports fell 18%, regional consumption is supplied by 31% of these imports. Exports are 12% higher than Jan-Apr 2017. For its part, regional trade balance remains negative, even though it diminished 34%.

    Crude steel - The region produced 22.0 million tonnes of crude steel during Jan-Apr 2018, 5% higher than the volume recorded in the same period of 2017 (20.9 million tonnes). Brazil it is still the main producer in the region with 52% of the regional production (11.6 million tonnes), increasing 4% versus Jan-Apr 2017.

    Finished steel - Finished steel production reached to 18.5 million tonnes, 7% higher than registered in Jan-Apr 2017. The main producers were Brazil with 7.8 million tonnes (accounting for 42% of the Latin American output) and Mexico with 6.6 million tonnes (with 36% share of regional output).

    Finished steel consumption - In the first third months of the year, the region reached to 22.4 million tonnes of finished steel consumption, 3% higher than Jan-Apr 2017 (21.8 million tonnes). Largest increases in consumption, in absolute and percentage terms, were recorded in Brazil (additional 782 thousand tons, an increase of 13%), Argentina (395 thousand tons additional tons, up 27%), and Panama (53 thousand tons additional tons, up 51%). Conversely, in the same period Uruguay, Peru and Bolivia recorded declines of 33%, 21% and 18%, respectively. From Latin-American`s total steel consumption, 57% corresponds to flat products (12.9 million tonnes), 41% (9.3 million tonnes) to long products and 2% to seamless tubes (315 thousand tons).

    Imports - In Jan-Apr 2018, Latin America imported 6.9 million tonnes of finished steel, 18% less than imported during the same period of 2017 (8.4 million tonnes). Of this total, 68% corresponds to flat products (4.7 million tonnes), 29% to long products (2.0 million tonnes) and 3% to seamless tubes (182 thousand tons). Currently, imports represent 31% of the regional finished steel consumption, which brings about disincentives to the local industry, trade frictions, and threatens jobs.

    Exports - Latin American exports of finished steel reached 3.4 million tonnes, 12% more than Jan-Apr 2017 (3.0 million tonnes). Out of this total, 43% are flat products (1.5 million tonnes), 44% long products (1.5 million tonnes) and 13% to seamless tubes (431 thousand tons).

    Trade deficit - In Jan-Apr 2018, the region recorded a finished steel trade deficit of 3.5 million tonnes. This imbalance is 34% lower than the one observed in Jan-Apr 2017 (-5.3 million tonnes). Brazil was the only country to maintain a trade surplus of finished steel (1.0 million tonnes). Contrary, the largest deficit was recorded in Mexico (-1.3 million tonnes), followed by Colombia (-719 thousand tons), Chile (-529 thousand tons), Peru (-421 thousand tons) and Ecuador (-403 thousand tons).

    Source : Strategic Research Institute
  12. forum rang 10 voda 28 juni 2018 17:00
    Differentiated portfolio aiding import substitution - JSW Steel

    As part of its growth strategy, JSW Steel remains strategically focused on enriching its product mix by increasing the share of value added & special steel products (VASP). Considering the growth potential of these products, the company is expanding the capacity of CRM-1 complex at Vijayanagar works from 0.8 MTPA to 1 MTPA as well as setting up a 0.3MTPA colour coated line.

    The company has already installed a new state-of-the-art cold rolling mill (CRM-2) at Vijayanagar Works to service various customer requirements, including various specialized requirements of the Automobile sector. The CRM-2 unit at Vijayanagar Works produces Ultra High Strength steel viz. DP 780, 980, etc, which are supplied commercially to car makers in India. These are High Strength grades of steel which facilitate light weighting of a Car.

    JSW Steel is the only steel manufacturer in India capable of supplying this product grade. These automotive grade steel products were earlier largely imported by the automobile companies in India but are now being procured domestically from JSW Steel. In addition to enabling import substitution of these products, this also conserves India’s foreign exchange outgo. Over the years, JSW Steel has been able to establish its position as a preferred supplier to the Indian automobile industry with a substantial market share across automobile majors.

    Source : Differentiated portfolio aiding import substitution - JSW Steel
  13. forum rang 10 voda 28 juni 2018 17:18
    Anglo declares force majeure on iron ore supply contract with Bahrain Steel after spills

    Reuters reported that Anglo American has suspended a contract to supply Bahrain Steel with iron ore, the Gulf-based company said, in the latest headache for the miner’s troubled Brazilian project after spills from a pipeline that carries the commodity to port. The contract is worth nearly USD 1 billion. Bahrain Steel, which produces iron ore pellets for steelmakers, said the London-based miner declared force majeure in April on the contract, which locks in a 20-year supply of 13 million tonnes of iron ore annually.

    Bahrain Steel, which is owned by Foulath, a steel-focused investment vehicle in the Middle East, ruled out any serious impact on its own operations. It said “We have secured and effectively diversified our sources of raw materials ensuring continuity in our production and our ability to meet the needs of our customers,” Bahrain Steel said in a statement to Reuters disclosing the April 4 force majeure notification. It did not say how much the contract is worth.”

    Anglo froze operations at Minas Rio in Minas Gerias state in March after two leaks were discovered in a pipeline that carries iron ore in slurry to an export terminal in coastal Rio de Janeiro. Shortly after the leaks, the miner said it would halt operations for three months, and projected a 3 million tonne hit to output forecasts for the year. Brazilian regulators imposed fines of 200 million reais ($51.81 million).

    Source : Reuters
  14. forum rang 10 voda 28 juni 2018 18:47
    S&P, Moodeys & Fitch raise POSCO's ratings

    Yonhap reported that Standard & Poor's ratings agency on Tuesday raised POSCO's rating to BBB+ with a positive outlook, from BBB- with a stable outlook, on the steelmaker's improving financial status. S&P expected South Korea's No. 1 steel mill to continue to post solid earnings results this year, helped by rising demand for high-end products.

    Two other international ratings agencies, Moody's Investors Service and Fitch Ratings, have recently raised their ratings for POSCO as they expect the steel firm's financial health to improve in the coming years despite increased investments. This month, Moody's raised POSCO's rating to Baa1 from Baa2 with a stable outlook and Fitch upgraded its rating to BBB+ from BBB

    In the January-March quarter, POSCO posted a net profit of 1.084 trillion won (US$977 million), up 11 percent from 976.9 billion won a year earlier. Operating income rose 9 percent on-year to 1.488 trillion won on sales of 15.862 trillion won, a 5.2 percent on-year gain.

    Source : Yonap
  15. forum rang 10 voda 28 juni 2018 18:50
    Canada finds dumping of seamless casing from China

    On January 19, 2018, the Canadian International Trade Tribunal, pursuant to subsection 76.03(3) of the Special Import Measures Act, initiated an expiry review of its order made on March 11, 2013, in Expiry Review No RR-2012-002, continuing its finding made on March 10, 2008, in Inquiry No NQ-2007-001, concerning the dumping and subsidizing of certain seamless casing originating in or exported from China. As a result, on January 22, 2018, the Canada Border Services Agency initiated an expiry review investigation to determine whether the expiry of the order is likely to result in the continuation or resumption of dumping and/or subsidizing of the subject goods.

    The investigation has now been completed and CBSA has determined that the expiry of the order is likely to result in the continuation or resumption of dumping of such goods originating in or exported from China and is likely to result in the continuation or resumption of subsidizing of such goods originating in or exported from China.

    The CITT will now conduct an inquiry to determine whether the expiry of its order is likely to result in injury to the Canadian industry, and has announced that it will issue its decision no later than November 28th 2018.

    Source : Strategic Research Institute
  16. forum rang 10 voda 28 juni 2018 18:50
    Asean steel consumption to rebound in 2018 - Seaisi

    Steel consumption in the six Asean countries is expected to recover this year, Kallanish understands. Consumption in Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam is projected to grow at 5-6% YoY in 2018. Mr Tan Ah Yong, secretary-general of South East Asia Iron & Steel Institute at this week’s Seaisi conference in Jakarta said that regional apparent steel consumption is set to pick up this year and surpass 80 million tonnes in 2019 amid the implementation of construction and infrastructure projects.

    Overall apparent steel consumption last year fell by -4.2% YoY to 73.8 million tonne. Due to buoyant construction sectors, Indonesia and the Philippines saw steel consumption expand by 7.3% and 1.5% respectively YoY to 13.6 million tonne and 9.8 million tonne. The other nations suffered a drop in consumption on slower construction and destocking activities following a massive stockpiling in 2016 which affected Thailand especially. Thailand saw steel consumption drop by -14.1% to 16.5million tonne.

    Last year, overall finished steel production in the countries rose significantly by 8.9% YoY to 34.7million tonne . Vietnam and Indonesia saw strong growth of 30.5% and 19.5% respectively to 11.3 million tonne and 7.9 million tonne. Thailand saw a large drop of -13.8% to 6.9 million tonne. Production in Malaysia and Philippines was marginally lower at 3.8 million tonne and 4.3 million tonne respectively.

    Interestingly, regional finished steel exports rose strongly, by 17.9% to 10.1 million tonne. Vietnam’s steel exports, comprising mainly construction longs and flats, rose 24% to 4.7 million tonne. Indonesia’s finished steel export of mostly flats rose by 70% to 1.35 million tonne. Malaysian and Thai steel exports increased 32% and 21% respectively to 1.4 million tonne and 1.3 million tonne.

    Imports fell last year by -8.4% to 49.1 million tonne. Chinese steel imports accounted for 43% of total imports, down from 53% in 2016. The share of Japanese and South Korean imports to the region last year was 23% and 11% respectively, up from 19% and 8% respectively in 2016.

    Source : Kallanish
  17. forum rang 10 voda 28 juni 2018 18:51
    Speakers favours captive mines at Vizag Steel Plant

    Telangana Today reported that speakers at a roundtable on ‘Kadapa steel plant – Captive mines for Visakhapatnam steel plant’ demanded the Central government to immediately set up the promised steel plant in Kadapa district, and also allocate captive iron ore mines to the Visakhapatnam Steel Plant – RINL.

    CITU-affiliated Steel Plant Employees’ Union, representatives of other unions and some leaders from political parties including YSR Congress participated in the roundtable in which CITU State president Ch Narasinga Rao noted that the Kadapa steel plant was promised in the AP Reorganisation Act, 2014 and the Centre should honour it.

    According to the estimates of the Bureau of Mines, there were enough iron ore reserves in the Rayalaseema region of the State to set up the steel plant at Kadapa and there need not be any doubts over the feasibility.

    They also decided to hold a solidarity rally here on June 29 to express support to the agitation being organised by the TDP and other parties for establishing a steel plant at Kadapa. The meeting resolved to step up campaign for allotment of captive iron ore mines to the RINL.

    Source : Telangana Today
  18. forum rang 10 voda 28 juni 2018 18:52
    POSCO remains most competitive steel maker for 9th consecutive year - World Steel Dynamics

    Yonhap reported that POSCO, the world's fifth-biggest steelmaker by output, has retained its title as the most competitive steelmaker for the ninth consecutive year. In an industry competitiveness ranking released by World Steel Dynamics Inc, POSCO achieved the highest points in all eight sectors, such as cost effectiveness, technology innovation, skilled workforce, restructuring and investment environments, the company said in a statement.

    The Korean steelmaker has continued to streamline its businesses and improve its financial status by expanding sales of high-end steel products, such as 'giga steel,' which is lighter and stronger automotive steel. Such efforts brought POSCO to the top position, it said.

    US steelmaker Nucor Corp. and Austria's Voestalpine AG ranked second and third in the latest competitiveness scale.

    Source : Yonap
  19. forum rang 10 voda 28 juni 2018 18:53
    Trump Trade War - Canada preparing tariff barriers to prevent flood of imports

    The Global Mail, citing people familiar with the plans, reported that the Canadian government is preparing new measures to prevent a potential flood of steel imports from global producers seeking to avoid US tariffs. The sources said that the measures are said to be a combination of quotas and tariffs aimed at certain countries including China. They added that the Canadian measures are expected to include new quotas on certain steel imports to prevent dumping, with tariffs applied above that threshold and the announcement could come as early as next week, though the government hasn’t finalized its plans

    Sean Donnelly, chief executive officer of ArcelorMittal Dofasco, said “The US steel tariffs open the door to a potential flood of cheap imports. We must be able to operate in an undistorted, market-based competitive environment. Canada’s response to past and future threats from unfairly traded and diverted offshore imports is critical.”

    The moves follow similar safeguard measures being considered by the European Union aimed at warding off steel that might otherwise have been sent to the US.

    Source : The Global Mail
  20. forum rang 10 voda 29 juni 2018 15:43
    VolkerWessels verkoopt staalactiviteiten

    (ABM FN-Dow Jones) Volker Staal en Funderingen heeft de staalactiviteiten aan VDS Rotterdam verkocht. Dit maakte moederbedrijf VolkerWessels vrijdag bekend.

    Een verkoopprijs meldde VolkerWessels niet. Wel dat de verkochte activiteiten goed zijn voor een jaaromzet van ongeveer 13 miljoen euro.

    Door: ABM Financial News.
    info@abmfn.nl
    Redactie: +31(0)20 26 28 999

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