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Aandeel Aperam AEX:APAM.NL, LU0569974404

  • 27,240 19 apr 2024 14:14
  • -0,200 (-0,73%) Dagrange 26,920 - 27,320
  • 46.444 Gem. (3M) 189,7K

Diverse nieuws items

1.623 Posts
Pagina: «« 1 ... 60 61 62 63 64 ... 82 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 4 juni 2018 20:59
    China's Shandong Xinhai told to cut nickel pig iron output for summit

    Mining.com quoted Shandong Xinhai Technology Co, one of China's largest nickel pig iron producers, has been told that to cut back output ahead of the Shanghai Cooperation Organisation summit in nearby Qingdao, an official told Reuters on 1 June.

    The company has received a notice from the local government in Shandong province telling it to reduce production, the official said, although he was unable to say by how much output would be cut or over what time frame.

    Shandong Xinhai is based in the city of Linyi, about 215 km (135 miles) from Qingdao, which will host the high-profile SCO summit to be attended by leaders including Chinese President Xi Jinping and Russia's Vladimir Putin on June 9-10.

    Shandong Xinhai has annual nickel pig iron production capacity of around 1.2 million tonnes, according to Ji Yuanfei, a nickel analyst at GF Futures in Guangzhou. Linyi accounts for about 20 percent of China's total nickel pig iron capacity, she added.

    Shanghai nickel prices rose as much as 5.5 % to a three-year high of 120,000 yuan(USD 18,704.12) on Friday due to production restrictions, falling inventories and higher Chinese steel prices.

    Source : Mining.com
  2. forum rang 10 voda 5 juni 2018 20:39
    Nickel prices likely to surge on hope of widening deficit

    Money Control reported that so far, 2018 has not been as good as 2017 for base metals citing global trade war concerns coupled with oversupply fears in some counters. Despite all the odds, Nickel has been shining the brightest not only amongst base metals but also the entire non agri commodities spectrum.

    The silvery white metal, mainly used in the production of stainless steel, has outdone its 2017 performance, and has surged 21 % on the LME and 31 percent on the MCX in the first five months of 2018 itself. Nickel prices have been supported by falling inventories and rising Chinese demand right from the onset of 2018. LME Nickel stocks are currently standing at four-year low of 2,87,646 tonnes while Shanghai inventories at present stand at 30-month low of 27,430 tonnes.

    Not only this, Nickel ore imports by China have more than doubled to 6.6 million tonnes in the first quarter of 2018 compared to same period in 2017.

    Besides, Refined Nickel and alloy imports have surged 14 % from nearly 53,000 tonnes in the first of 2017 to 60,000 tonnes in the same period in 2018. The sharp rise can be attributed to accelerating imports from Indonesia and stable shipments from Philippines.

    In fact, Indonesian imports in March at 1.37 million tonnes were the highest monthly total since the ban was imposed in 2014. Supplies from Indonesia have been growing fast enough to replace Philippines as the top supplier to China while Philippines’ President Rodrigo Duterte has been stern on the mining industry.

    Having said this, the major breakout in Nickel prices came only after the US imposed sanctions on Russian President Vladimir Putin’s allies including Russian oligarchs and companies controlled by them as well as government officials.

    This sparked fears that sanctions could extend to world's second-biggest nickel producer, Norilsk Nickel, after inclusion of aluminum giant Rusal in the forbidden list and pushed average Nickel prices to USD 14426.7 per tonne and INR 972.57 per kg, highest since late 2014, on the LME and MCX respectively.

    Currently as well, Nickel prices are basking under the glory of output cut in China after the local government ordered Shandong Xinhai Technology Co, one of China's largest nickel pig iron producers, to cut back output ahead of the Shanghai Cooperation Organisation summit. Also, Output of Stainless steel, which drives two thirds of Nickel demand, touched 12.2 million tonnes over the first three months of 2018, after robust growth in 2017.

    Overall, falling global stocks, expectations of widening deficit coupled with electric vehicle boom will boost Nickel prices further to INR 1,120 per kg on the MCX in the near term against current market price of INR 1,030.3 per kg.

    Source : Money Control
  3. forum rang 10 voda 7 juni 2018 20:44
    US DoC issues affirmative final AD on stainless steel flanges from China

    The US Department of Commerce (Commerce) announced the affirmative final determination in the antidumping duty (AD) investigation of imports of stainless steel flanges from China. Commerce determined that exporters from China have sold stainless steel flanges in the United States at 257.11 percent less than fair value. As a result, Commerce will instruct U.S. Customs and Border Protection (CBP) to continue collecting cash deposits from importers of stainless steel flanges from China based on this final rate.

    In 2017, imports of stainless steel flanges from China were valued at an estimated $21.8 million.

    The petitioners are the Coalition of American Flange Producers and its individual members: Core Pipe Products Inc (Carol Stream, IL) and Maass Flange Corporation (Houston, TX).

    The U.S. International Trade Commission (ITC) is scheduled to issue its final determination on or around July 19, 2018. If the ITC makes an affirmative final injury determination, Commerce will issue an AD order on the subject merchandise from China. If the ITC makes a negative final determination of injury, the investigation will be terminated and no order will be issued.

    Source : Strategic Research Institute
  5. forum rang 10 voda 15 juni 2018 16:34
    Brazil slaps AD duties on stainless steel tubes from Malaysia, Thailand and Vietnam

    Platts reported that Brazil's ministry of foreign trade imposed Thursday five-year antidumping duties of up to $888.27/mt on imports of austenitic stainless steel tubes from Malaysia, Thailand and Vietnam, it said in a filing in the country's official gazette. The duties are applicable to welded tubes of austenitic stainless steel (grades 304 and 316) of circular section, with an outside diameter of 6 mm (1/4 inch) or more, but less than 2,032 mm (80 inches), with a thickness of 0.40 mm or more and less than or equal to 12.70 mm, usually classified under HS codes 7306.40.00 and 7306.90.20.

    The ministry has verified the "existence of dumping in exports of stainless steel tubes from Malaysia, Thailand and Vietnam to Brazil, and harm to the domestic industry occurred from such practice."

    The antidumping duties imposed on Malaysian companies ranged between $367/mt and $740.02/mt. For Thai companies, the duty was fixed at $747.56/mt, while for Vietnamese exporters, the fee ranges between $782.11/mt and $888.27/mt.

    The decision follows a complaint filed January 31 by tube and pipe producers Aperam Inox Tubos Brasil and Marcegaglia do Brasil. Aperam is the country's sole producer of austenitic stainless steel.

    Chinese exporters of welded tubes under HS code 7306.40.00 already face definitive dumping duties ranging from $359.66/mt to $911.71/mt, which were applied in July 29, 2013.

    Source : Platts
  7. forum rang 10 voda 28 juni 2018 16:55
    China stainless steel capacity to reach 45 million tonne by 2020 - Taiyuan Iron & Steel

    Fast Markets reported that according to Mr Zhang Zhifang, chairman of Chinese producer Taiyuan Iron & Steel, China’s crude stainless steel capacity is expected to increase by 7.5 million tonnes per year to 44-45 million tonne by 2020. Mr Zhang, during his presentation at the Asian Stainless Steel Forum 2018 in Shanghai, said “Production capacity of cold-rolled stainless steel in particular will increase in the short term. There had been news in the past few months about new cold-rolling production lines starting up and regarding plans to build such facilities. But a higher output of cold-rolled stainless steel in recent months has resulted in lower prices for the product, while those for hot-rolled stainless steel are holding up.”

    Mr Zhang however said “Under-utilization will likely continue to be a “serious problem” in the Chinese stainless steel industry despite the impending increase in capacity. Capacity utilization at stainless steel producers - both in China and globally has remained at relatively low levels of 60-70% over the last decade. In comparison, China’s overall steel capacity utilization - which takes into account that for carbon and stainless steel - is at 80%.”

    Mr Zhang also expressed concern about the current narrow gap between prices for hot-rolled products and cold-rolled products. He said “This unusual price gap is likely to continue.”

    Source : Fast Markets
    Bijlage:
  8. forum rang 10 voda 28 juni 2018 17:02
    BMI sees nickel market deficit increasing

    BMI Research anticipates the global refined nickel market to remain in a slight deficit this year, as global production remains subdued. The global nickel market deficit will slightly increase from 14 000 t in 2017 to 19 000 t in 2018, as global production remains subdued. It said “However, we expect the market to gradually shift into a surplus by 2020 as rising prices lead to increasing production among major producers, while global consumption slumps. We forecast major consumer countries, including South Korea, Taiwan and China, to reduce their demand for refined nickel over the coming years.”

    Rising imports of cheaper nickel pig iron as a substitute for refined nickel in China will be a key driver of this trend. Accordingly, global yearly consumption growth will stagnate at 0% from 2018 to 2021, compared with the 3.1% average yearly growth experienced over 2013 to 2017.

    The global stocks-to-use ratio is expected to decrease from 19.3% in 2017 to 18.7% this year, owing to subdued production among major producing countries and as a lower rate of consumption declines in China, stainless steel production in the country remains sustained over the first half of this year.

    Moving forward, the average stocks-to-use ratio for nickel will rise as the market shifts into a surplus, reaching 20.1% by 2022, states BMI.

    Source : Strategic Research Institute
    Bijlage:
  9. forum rang 10 voda 28 juni 2018 17:20
    First stainless steel airport terminal roof installed in Qingdao

    Xinhua reported that a giant metal roof has been installed on the newest airport terminal in Qingdao in east China's Shandong Province, the country's first stainless steel roofing project for an airport terminal. A special kind of 0.5mm thick stainless material was developed to withstand strong winds, torrential rain and marine corrosion as Qingdao is a coastal city.

    The 220,000 square meter roof, equivalent to 31 standard soccer fields, was built by welding together 16,368 panels, said Cai Wangwang, roofing project manager of the Jiaodong international airport of Qingdao from the China Construction Second Bureau Installation Engineering Co Ltd. Over 4 million screws were used during the installation, with welding lines totaling nearly 500,000 meters.

    Compared with traditional roofing alloy of aluminium, magnesium and manganese, a stainless steel roof welded as a whole is more stable and tolerant to windy weather. The roof is designed to withstand wind as strong as 60 meters per second, according to Cai.

    At an estimated cost of over CNY 41 billion, the airport is expected to be operational in 2019, and handle 35 million passengers and 500,000 tonnes of cargo and mail by 2025.

    Source : Xinhua
    Bijlage:
  12. forum rang 10 voda 4 juli 2018 18:44
    Andheri Railway station bridge collapse could have been avoided if stainless steel rebars were used - Mr YPS Suri

    Experts expressing concern at collapse of road over bridge on the Eastern side of Andheri Railway station in Mumbai of life have stressed on the need of use of corrosion resistant Stainless steel reinforcement while constructing bridges in coastal areas including Mumbai. Tragedy would have been averted if Stainless Steel reinforcement rebars would have been used in the bridge constructed in the year 1971. In last few years there has been increasing interest in alternative approaches to durability of marine structures world wide as traditional approach of improving durability of reinforced concrete structures has been found outdated to the growing problem of chloride –induced corrosion. Most of the countries world wide have switched to corrosion resistant stainless steel reinforcement.

    Mr Yatinder Pal Singh Suri, Managing Director and India Head, Outokumpu India, one of the largest stainless steel making company in the world and Chairman, Plant Process Machinery Association of India (PPMAI) and former President, IIT Kharagpur Alumni Association said “Countries including USA, New Zealand, Australia and UAE have made it mandatory to use stainless steel reinforcement in coastal areas for marine structures including bridges. Stainless steel reinforcement re-bars are emerging as an excellent sustainable solution for the concrete bridges in coastal and hill areas. The stainless steel reinforcing bars provide long life into concrete structures especially in the hills, coastal areas, ports, airports, bridges, high rise buildings and water treatment plants as these bars do not ever corrode and thus concrete failure due to spalling is avoided.”

    Mr Suri said “Since stainless steel does not corrode, the concrete continues to offer a maintenance free life of over 100 years. There are global examples to showcase this. Our planners must make use of stainless steel re-bars mandatory in corrosion prone areas of the bridge. This would mean substituting just 5-10 per cent of the total rebars to be used in a bridge from carbon steel to stainless steel. The cost of the bridge project cost may go up by a 2-3 per cent but the life will go up to 100 years that too almost maintenance free.”

    He said “A few years back Maharashtra Government had made it mandatory use of stainless steel reinforcement in its two major projects Manori creek bridge, sea link 2nd phase (WFSL) and Mithi river bridge. But after some time the order on use of Stainless steel reinforcement as withdrawn by the government.”

    He said "Duplex Stainless steel reinforcing bars are although more expensive than carbon steel but it can be used selectively in failure prone zones only thus increasing the project cost marginally and at the same time we can get over 100 years maintenance free life which means lots of savings by reducing the ongoing repair and maintenance costs of structures like bridges, coastal area projects, water treatment plants, high rise buildings and highways."

    Mr Suri also said "Over the last 3 decades, premature deterioration of reinforced concrete structures has become a serious problem worldwide due to corrosion of the embedded steel. The estimated cost of repair is in excess of USD 550 billion.”

    Mr Suri also said "The other benefits of stainless steel reinforcement include significant increase in durability and reduction in repair and maintenance costs, elimination of concrete sealants and reduction in thickness of the concrete cover.”

    Source : Strategic Research Institute
  13. forum rang 10 voda 4 juli 2018 20:53
    VSA recommends govt not approve stainless steel project

    The Vietnam Steel Association has proposed the government and relevant ministries to seriously consider the approval of a stainless steel factory in Viet Nam. The proposal was issued after China’s Yongjin Company announced plans to invest in a stainless steel plant in the southern province of Dong Nai, with a capacity of nearly 300,000 tonnes per year. In a report sent to the Government Office, VSA said that in recent years, especially in the period 2012-17, the Vietnamese steel market achieved a good growth rate of about 15% per year on average. This has attracted the attention of domestic and foreign investors.

    In 2012, the country’s output of steel products reached more than 9.2 million tonnes. It’s up by 12% in 2013; 20% in 2014, 22% in 2015 and 19% in 2016. In 2017, the country produced 17.8 million tonnes, marking a rise of 24%.

    VSA report said that "Under the pressure of unbalanced steel supply and demand, protectionism is increasing in all countries to limit the wave of steel imports. The US and EU are examples.”

    The report added that trade remedies such as anti-dumping, anti-fraud and trade defence were being applied simultaneously in different countries for products originating from China.

    In the period 2012-17, China implemented a policy of reducing excess production capacity to restructure the domestic steel industry and gradually transfer excess capacity through a series of investment projects abroad including in ASEAN and Viet Nam.

    Meanwhile, according to VSA statistics, Viet Nam’s average steel production reached just 63% of capacity, lower than the global average which is about 76.9% (according to World Steel Association statistics as of April 2018). As for stainless steel plants in Viet Nam, they have used just 30 per of capacity.

    On the basis of data analysis, VSA recommended that State agencies consider only encouraging enterprises to invest in high quality alloy steel products for mechanical production, shipbuilding and the automobile sector, which can not be produced domestically.

    In addition, VSA also suggested that it is not necessary to invest in hot rolled coils, construction steel, cold rolled steel, cold rolled stainless steel, welded steel pipes and galvanised steel. It has also proposed the Government and relevant ministries not to approve investment projects of steel products which have surplus output in the country.

    Source : VNS
  14. forum rang 10 voda 5 juli 2018 17:13
    Demand for stainless steel in India will grow from here – Mr Abhyuday Jindal

    Mr Abhyuday Jindal joined his family business in trying times. In 2013, Jindal Stainless was in the middle of a corporate debt restructuring after a tough economic environment hampered loan repayments. It had debts of nearly INR 8,000 crore. The cycle has turned since then for the country's largest stainless steel maker. As part of the restructuring, JSL's debt was redistributed among three more firms — Jindal Stainless, which is listed and two private companies, Jindal United Steel and Jindal Coke. It has reported net profits in the last six quarters, and most importantly, has applied to exit CDR. Mr Abhyuday Jindal Managing Director of Jindal Stainless Group told Moneycontrol in an interview that "We are among the few companies who have turned around even in a tough environment.”

    Edited excerpt:

    Q - After completing your graduation from Boston University, your joined your uncle Sajjan Jindal (Chairman & MD, JSW Group) as a trainee. And later your were a consultant at BCG. How were these experiences?

    A - After college I joined my uncle, who had just acquired Ispat Industries. I joined as a management trainee. It was an important time, I got first hand experience in how to cut costs, looking at synergy and to plan a future growth path. Later, I was a consultant with BCG for 1.5 years. I worked on three-four projects in different industries, including wind and auto. This was quite a learning. Experience is the best teacher. And the experience that I got was sector agnostic. For instance, the just-in-time delivery is more of an auto concept, but we implemented it in our business. In some companies, project management was an issue. In others, it was the supply chain. That learning has come in handy.

    Q - You joined JSL when the company was in the middle of the CDR process. How has the restructuring helped JSL?

    A - Yes, by then the restructuring had started. It has helped de-leverage the company. We have split the units. And we have taken some steps. For instance, we have improved upon the infrastructure at our facility in Odisha, by adding a railway siding. Though Paradip port was just about 100km away, it was not containerized. So we had to ship through the Vishakapatnam port, which is 500km away. We were dependent on roads, which increased logistics costs. That has changed after the railway siding was added.We have also built 20 warehouses across the country for just-in-time delivery to our customers. We plan to add another three or four warehouses this year. The warehouses help our clients as now they don’t need to keep inventory and can take from us whenever the need arises. The financial benefits of these initiatives will start showing in another three months.

    Q - At what stage are you in the CDR?

    A - We have applied to exit the CDR. We have met all the requirements for exiting the CDR. One of the requirements is to have an EBITDA of 26 percent in the last four quarters. We have done that. Once we do exit, the plan is to de-bottleneck the facility in Odisha. That will help in increasing the capacity utilization from the present 95 percent to 115 percent. We are among the few companies who have turned around even in a tough environment.

    Q - What is the debt position now?

    A - The debt in JSl is now about INR 5000 crore, down from INR 8,000 crore earlier.

    Q - How is the market looking for stainless steel?

    A - The market is very strong and the demand is firm. Stainless steel used to have a perception problem, and many thought it is used only in utensils. But now the demand comes from varied industries, including airports, metros stations and auto sector. We expect demand to come from major projects in sectors such as oil & gas, chemicals and power. Government has asked companies to make the transition to BS-6. This will double the use of stainless steel in the manufacturing of cars, from the present average of about 15kg per car to 30kg. Overall, our per capital consumption of stainless is only 2 kg, not even half of the world average of 5kg. So there is only room to grow. We are introducing many initiatives to spread awareness on the use of stainless steel. We are working with universities to start courses. For instance, those living in the coastal areas if people start using stainless steel then the life of products will lengthen to 30 years.

    Q - Do you have plans to acquire assets?

    A - There are not many assets available to acquire. We would surely be interested if good assets come on the block.

    Q - How about SAIL's Salem plant?

    A - We are interested in Salem, and it has come up for talks a few times. But nothing has happened yet.

    Q - How has been the exports market, especially after the Trump administration's step to levy taxes on imports?

    A - We export 20 percent of our products, and cater mostly to the European market. We used to export to the US, but after the tariffs (ordered by President Donald Trump), that has stopped. In Europe, Germany and Italy are the biggest markets.

    Source : Money Control
  15. forum rang 10 voda 6 juli 2018 17:07
    Vietnam announces anti-dumping duties on imports of stainless steel

    Viet Nam News reported that Vietnam’s Ministry of Industry and Trade on July 4 released anti-dumping duties on imported cold-rolled stainless steel products after its second review for application of the duties. According to its Decision 2398/Q?-BCT, the products of this review had codes of 7219.32.00; 7219.33.00; 7219.34.00; 7219.35.00; 7219.90.00; 7220.20.10; 7220.20.90; 7220.90.10; and 7220.90.90, imported to Vi?t Nam from mainland China, Malaysia, Indonesia and Taiwan.

    The new anti-dumping duties would be unchanged against the rates in the previous review and be applicable from July 20, 2018 to October 10, 2019.

    Of which, the tax rate for manufacturers from mainland China is still 25.35 per cent while the Shanxi Taigang Stainless Steel Co, Ltd (STSS) enjoys a rate of 17.47 per cent.

    The tax rate for manufacturers from Indonesia remains unchanged at 13.03 per cent but it is reduced to 6.64 per cent for PT Jindal Stainless Indonesia.

    Manufacturers from Malaysia will continue to face a rate of 9.31 per cent.

    Meanwhile, manufacturers from Taiwan continue to bear the same duty of 13.79 per cent but it increases to 37.29 per cent for Own Yuan Long Stainless Steel Corp.

    At the same time, the ministry also said it will exclude the application of anti-dumping measures for some stainless steel products that are not yet produced domestically or not reach technical standards.

    Source : Viet Nam News
  16. [verwijderd] 20 juli 2018 13:20
    De lijst van Amerika.

    van de 200 miljard....

    Mogen zelf bepalen welke aandeel getroffen zal worden.

    Here are some of the major categories of goods affected by the first wave of tariffs:

    Aircraft tires
    Nuclear reactors
    Boat motors
    Aircraft engines and engine parts
    Air and gas compressors, which are used in various goods like refrigerators
    Industrial heating equipment
    Scales, mostly for weighing large industrial equipment
    Cranes and other “lifting equipment”
    Bulldozers, backhoes, tampers, boring machines, and other large construction vehicles
    Oil and gas drilling platform parts
    Plows, mowers, combine harvester-threshers, and other large agricultural vehicles
    Dairy milkers, chicken incubators, and other livestock equipment
    Machinery for foods processing, including meat processing and fruit processing
    Machinery for making paper cardboard and other paper products
    Parts of printers and copy machines
    Machinery for processing and molding metals or cement, and their parts
    Machinery for making glass products, including lightbulbs
    Machinery for making rubber or plastic goods
    Ball bearings
    DC and AC generators of various sizes and power levels
    Electricity transformers
    Industrial magnets
    Lithium batteries and other batteries
    Industrial ovens and furnaces
    Radar and radio equipment
    Parts for televisions, video-recording equipment, and similar video products
    Electronic traffics signs
    Electrical equipment such as resistors and circuit breakers
    LEDs
    Trains and rail parts
    Large vehicles using both diesel and non-diesel fuel
    Some cars and trucks, motorcycles, helicopters, airplanes, and spacecraft
    Microscopes and telescopes
    Lasers
    Imaging and navigational equipment
    Medical equipment such as X-rays and pacemakers
    Scientific equipment such as pressure gauges and spectrometers
  17. forum rang 10 voda 20 juli 2018 17:12
    Stainless steel scrap looks to maintain uptrend

    Argus reported that the stainless steel scrap market enters the second half of 2018 supported by positive consumer sentiment and LME nickel price momentum. Scrap prices for stainless 304 have gained 13.7pc this year, lagging increases in LME nickel prices. Processor buying prices ended the first half at 66-67¢/lb, up from 58-59¢/lb since the beginning of the year. Stainless 304 prices are expected to remain around these levels or slightly higher as LME nickel prices remain elevated amid falling LME stocks, according to market participants. LME inventories had fallen by 26pc to 272,616/t at the end of June from 366,612/t at the start of the year.

    Nickel, a key component in determining nickel-bearing stainless steel scrap prices, accounts for approximately 60pc of the intrinsic value of most austenitic stainless steel scrap grades. Through the first half of 2018, LME nickel was the best performing base metal, gaining 17.8pc.Most market participants are optimistic that nickel prices on the LME can hold up in the $14,000-$16,000/t range for the balance of 2018, which would help keep nickel-bearing scrap prices such as 304 and 316 stable or rising upward.

    Molybdenum-bearing stainless 316 scrap prices for 2018 could also gain momentum. Stainless 316 prices for scrap solids ended the first half at 93-94¢/lb after starting the year at 78-79¢/lb. Raw material prices such as molybdenum oxide (Mo 57pc) increased only 2.3pc through the first half while ferro-molybdenum (65pc) had no change. Molybdenum prices are expected to remain at current levels with little variation for the balance of the year. Material tightness and nickel prices will continue to impact molybdenum-bearing scrap prices in 2018.

    Source : Argus
  18. forum rang 10 voda 23 juli 2018 16:03
    Armenia to produce equipment from stainless steel

    PanARMENIAN reported that business Armenia on July 20 signed an Memorandum of Understanding with ARGA-Eurosteel on the investment of USD 850,000 and the construction of a new factory for the production of equipment from stainless steel. The document was signed by the Business support team leader at Business Armenia Hayk Mirzoyan and ARGA-Eurosteel CEO Garen Salkhanian. According to the MOU, Business Armenia is to support the company in investment and export processes.

    The construction of the factory building has started in October 2017 and is expected to be over in the next few months. The facility in Kotayk promise will employ 24 people.

    Mr Armen Avak Avakian CEO of Business Armenia said that “For the next stage of investments, which will be supported by the Government, the machinery and raw materials will be imported. We expect the factory to start operating within a few months and start producing industrial furnaces and other equipment for bakeries and kitchens. The company will offer design, production, installation and maintenance services.”

    Mr Salkhanian said that “Currently, Armenian hotels, restaurants, cafes, schools and business centers import that equipment, but our company will soon offer an opportunity to use locally made machinery.”

    Mr Mirzoyan said that “Saltek – the company behind the new factory in Armenia - has over 40 years of experience, with its production now available in more than 90 countries in the world. Saltek is establishing the factory in collaboration with the Giro Stainless Steel company. As a future export destination the company views the Russian, Ukrainian, Georgian and Iranian markets.”

    Source : PanAremenian
  19. forum rang 10 voda 23 juli 2018 16:04
    China MOFCOM initiates anti-dumping investigations on imported stainless steel from EU, Japan, South Korea and Indonesia

    China’s Ministry of Commerce (MOFCOM) on Monday decided to initiate anti-dumping investigations on imported stainless steel billets and hot-rolled stainless steel plates that originated from the European union (EU), Japan, the Democratic People's Republic of Korea (DPRK) and Indonesia. The period that will be investigated stretches from Jan. 1, 2017 to Dec. 31, 2017, and the investigation period for industrial damage is from Jan. 1, 2014 to March 31, 2018.

    The move follows a complaint by Shanxi Taigang Stainless Steel), with backing from four other mills including Baosteel’s stainless steel division. MOFCOM received the investigation application from a stainless steel company in north China’s Shanxi Province on June 22, 2018, and identified its qualification for filing an anti-dumping investigation application.

    China imported 703,000 tonnes of those products in 2017, up almost 200 percent from a year earlier, with 98 percent coming from the regions targeted by the investigation.

    Source : Strategic Research Institute
  20. forum rang 10 voda 25 juli 2018 13:42
    Chinese anti dumping probe on stainless steel raises fear among South Korean steelmakers

    Korea Herald reported that Chinese government is set to launch an anti-dumping probe into imported steel products from countries including South Korea, raising concern among local steel companies struggling against rising protectionist measures. Ms Je Hyun-jeong, a senior researcher at the Korea International Trade Association said that it is difficult to say whether the probe comes as part of Chinese protectionist moves, as it is a customary process that has been practiced for many years. She added that “But it could add to the concerns of Korean steelmakers already facing waves of protectionism from the US and the EU. It could create difficulties in the operations of companies that are heavily dependent on exports.”

    In recent months, South Korean steelmakers have faced growing import restrictions from the United States, EU and others. The EU slapped a 25 percent tariff on a wide range of steel products last week. Korean steel products are exempted from the US’ new steel tariff, but they are still subject to a quota of about 2.68 million tons. In May, Canada launched an anti-dumping investigation into steel products from South Korea, China and Vietnam.

    Korean steel companies are feeling the pinch from within the country, too. They have faced challenging demands from local shipbuilders to delay a price increase of plates, citing difficulties in management and declining orders, according to industry observers.

    But steel companies have been saying the situation is not favorable for them as well, pointing to the growing number of safeguard measures around the world. An industry insider citing growing concerns of trade issues blocking exports of Korean products said that “Steelmakers’ performance may look OK until the third quarter, but the winter is coming in the fourth quarter.”

    The cost of steel production has risen and there has also been declining demand from steel consuming industries like automobiles.

    The number of automobiles in production is projected to decline worldwide due to the US’ decision to slap heavy tariffs on foreign vehicles.

    Source : Korea Herald
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Aperam Nieuws

  1. 17 apr Media: Biden wil heffing op Chinees staal verdrievoudigen
  2. 09 apr World Steel Organisation ziet vraag naar staal weer groeien
  3. 08 apr Deutsche Bank verlaagt koersdoel Aperam licht
  4. 22 mrt Mondiale staalproductie in de lift
  5. 27 feb Aperam herhaalt doelstelling 2
  6. 12 feb Beursblik: Deutsche Bank verlaagt koersdoel Aperam licht
  7. 09 feb AEX sluit turbulente beursweek op hoogste niveau ooit en S&P 500 door 5000 punten 2
  8. 09 feb Beursblik: zwak kwartaal Aperam 1
  9. 09 feb AEX neemt waarschijnlijk adempauze en glas bij Aperam lijkt halfvol 4
  10. 09 feb Update: Aperam presteert iets beter dan verwacht

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