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Aandeel ArcelorMittal AEX:MT.NL, LU1598757687

  • 23,510 17 apr 2024 17:35
  • -0,250 (-1,05%) Dagrange 23,500 - 24,220
  • 3.430.788 Gem. (3M) 2,4M

Nieuws en info hier plaatsen (deel 4)

35.173 Posts
Pagina: «« 1 ... 863 864 865 866 867 ... 1759 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 21 september 2018 16:14
    Russian scientists develop new technology for seamless steel pipe making

    A research team from the Russia’s National University of Science & Technology’s MISIS Department of Pressure Metal Treatment has developed a new technology which simplifies the process of hot rolling seamless pipes made of alloy and high-alloy steel. The consistent use of two simple male punches, tools that turn an unruly steel blank into a hollow “sleeve”, is a distinctive feature of the technology. The research article on this development to accelerate the process and improve the wear resistance of tools has been published in The International Journal of Advanced Manufacturing Technology.

    The standard technology of hot rolling seamless pipes made of alloy steel can be divided into several stages: cutting long solid metal semi-finished “bar” products into short billets, deep drilling the workpiece to prepare it for firmware, and then heating the workpiece in the furnace. This is followed by the “firmware” — the transformation of the workpiece into a hollow sleeve roll and simple male punches, and finally, rolling the sleeve into a tube on a continuous mill. The main reason for this process’s low productivity is the rapid wear of the simple male punches, as they need to be replaced after almost every firmware is made and also commonly lead to production defects.

    NUST MISIS scientists have developed a technology that can extend the life of the simple male punches several times over. They proposed using a two-stage method of firmware on the cross-screw rolling mill using a lubricant and coolant. The developed technology of hot rolling pipes made of alloy steel and alloys is noticeably more effective and has been implemented at multiple enterprises of the Russian pipe industry. Thanks to the improvement of the simple male punches and the use of liquid glass lubricant and water cooling in the process, the wear resistance of simple male punches has been increased by 5-6 times.

    In the experimental part of the studies, the NUST MISIS scientists obtained seamless pipes made of alloy steel X10CrNiTi18—10 with a diameter from 90 to 270 mm. The work was conducted both at the NUST MISIS Department of Pressure Metal Treatment and in production conditions using EZTM’s equipment with the support of Vyksa Steel Works and Volzhsky Pipe Plant.

    Source : Strategic Research Institute
    Bijlage:
  2. forum rang 10 voda 21 september 2018 16:16
    90pct of China's steel capacity to meet pollution rules by 2025 - Vale

    Reuters reported that Peter Poppinga, executive director at Vale, told an industry conference that almost 90% of China’s steel capacity will have complied with new emission standards by 2025. He told “By 2025 almost 90% of steel capacity in China will have complied to these new standards.”

    Poppinga also said Vale’s iron ore production is running at 400 million tonnes a year currently. He said “We think this is a healthy level going forward when you think about margin optimization.”

    China has been aggressively pushing cities to curb industrial production to fight pollution, including plants in the top steelmaking city of Tangshan.

    Source : Reuters
  3. forum rang 10 voda 21 september 2018 16:18
    Malaysian steel sector demand to remain subdued in H2 despite mild recovery

    The Star reported that the demand for Malaysian steel sector is expected to remain subdued in the second half of the year although there was a slight recovery early this month. UOB analyst Kay Hian on Thursday said it believe any improvement in steel demand would be gradual as construction of mega projects are still at the infancy stage and some are clouded by uncertainties of whether they are able to proceed.The research house, which is maintaining its market weight on the sector, said “We think the upside from the consolidation of the steel industry in China is limited with the planned capacity cuts coming to a tail-end coupled with the replacement of defunct mills taking place between 2018 and 2023.”

    They said “We are forecasting sector earnings to dip by 2.5% and 2.9% YoY in 2018-19 respectively due to soft steel demand and improve by 3.3% YoY in 2020.”

    Local steel bar prices were at RM2,475 per tonne as at September 14 and have been stagnant since July. Despite the rally in China’s steel prices since end-August (+9.0% m-o-m), it believe local steel prices would only trend upwards when the construction of mega projects starts to pick up.

    Second quarter 2018 (Q2 18) net profit fell by an average of 47.9% QoQ and 60.1% QoQ for long steel companies and flat steel companies respectively. It was a triple whammy for the sector, hit by fewer working days (due to Ramadhan and Hari Raya festivals) in the quarter, lower average selling prices (ASPs) (2Q18: RM2,442 per tonne, Q1 18: RM2,638 per tonne) as well as slower-than-expected steel demand arising from delayed mega and infrastructure projects.

    In Q3 18, earnings would mildly improve QoQ largely on a low base. Further earnings improvement may be in Q4 18 as companies start to ramp up exports to utilise their export tax incentives for 2018.

    Source : The Star
  4. forum rang 10 voda 21 september 2018 16:20
    Groundbreaking ceremony for new heat treatment line at Ilsenburger Grobblech of Salzgitter

    The groundbreaking ceremony for the “New Heat Treatment Line” project took place in the presence of Saxony-Anhalt’s Minister President Dr. Reiner Haseloff and Prof. Dr. Armin Willingmann, Minister for Economic Affairs, on September 19 2018. This is the largest single investment in the history of Ilsenburger Grobblech GmbH (ILG), a subsidiary of Salzgitter AG. The new heat treatment line is the main project component through which Salzgitter AG concentrates the heavy plate activities of ILG and positions the company securely for future requirements. It comprises two roller-hearth furnaces, a MultiFlex-Quench®, a leveling machine, a blasting facility, a preservation line and a water treatment system. Implementation has been scheduled for the spring of 2020. More than 200,000 tons of heavy plate can be annealed and subsequently processed further in the new plant that has been designed for plate in thicknesses between 5 and 175 millimeters, with widths of 600 to 3,500 millimeters. In lengths of between 4 and 24 meters, the plate has a maximum weight of 28 tons. The energy-efficient heat treatment line fulfills the highest standards placed on quality and energy efficiency. With its extremely flexible cooling-down strategies, the integrated MultiFlex-Quench® enables the production of a broad product portfolio, including particularly sophisticated heavy plate grades. The materials spectrum comprises ultra strength carbon steels, wear resistant steels, steels alloyed with nickel, steels for the offshore construction of wind turbines, steel grades for pressure vessel construction, as well as case-hardened, quenched and tempered steels, to name a few.

    Ilsenburger Grobblech GmbH (ILG) is a subsidiary of Salzgitter AG, one of Europe’s leading steel technology corporations. With a workforce of around 750 employees, ILG produces approximately 700,000 tons of heavy plate a year in 350 steel grades for a wide variety of application areas. The company ranks among Europe’s leading heavy plate manufacturers.

    Source : Strategic Research Institute
  5. forum rang 10 voda 21 september 2018 16:21
    Innovation Challenge to find future steel product fingerprint

    The SmartSteel Innovation Challenge is launched, an initiative by SSAB and Sandvik Materials Technology looking to find new brilliant ideas on what a future steel fingerprint could be made of. Is it digital, does it use artificial intelligence, is it a chemical solution, or could it be mechanics? Companies and research groups of all sizes are welcome to participate, and the winner will get the chance to develop the idea in a long-term partnership with SSAB and Sandvik Materials Technology, with access to vast business knowledge and international customer networks. The challenge is part of the SmartSteel project related to PiiA, Process Industrial IT and Automation, a Swedish strategic innovation program financed by Vinnova, the Swedish Energy Agency and Formas. The challenge is organized by the leading Nordic innovation consultancy Spinverse, a firm specialized in driving open innovation ecosystems and turning radical innovations to business. Submission of proposals is open until November 2, 2018.

    Niko Korte, Head of SSAB Digital Business Development, said “At SSAB, we are already working with our concept SmartSteel, which is our first step towards internet of materials. We firmly believe that in the future, steel will for example be able to communicate its properties and processing instructions to the machine that processes it. With this innovation challenge, we hope to generate new ideas that helps speed up development.”

    Mattias Klockars, Head of Strategic Research Labs at Sandvik Materials Technology, said “Discovering a viable fingerprint technology for steel would definitely open up new doors for us at Sandvik Materials Technology. The fingerprint would work as a quality stamp, comprising useful information about material, safety and sustainability among other things. We are very excited to innovate together with others and look forward to seeing the results of the innovation challenge.”

    Source : Strategic Research Institute
  6. forum rang 10 voda 21 september 2018 16:33
    NanoSteel launches ‘Formetrix Inc’ to commercialize additive manufacturing metals

    NanoSteel, the leader in nanostructured steel materials, has announced the spinout of its Additive Manufacturing (AM) business unit into a new corporation named, ‘Formetrix™.’ Led by an industrial leader in Additive Manufacturing and including other investors Cycad Group and SPDG, Formetrix closed its Series A capital raise to accelerate the commercialization of Formetrix’ s steel alloys for 3D printing processes. Over the last four years, the team developed novel alloys with exceptional material properties that current 3D printable or metal injection molded alloys do not offer. Leveraging NanoSteel’s decade long expertise in patented steel alloy design, Formetrix’s metal powder portfolio provides an attractive combination of benefits such as higher hardness, higher ductility and higher wear resistance compared to existing alternatives. The company’s initial industry focus is on materials for hot and cold forming tool and dies (i.e. molding, casting and stamping) within the automotive, oil and gas and heavy machinery markets. In order to support production customer requests, Formetrix has selected AddUp’s FormUp 350 3D printer.

    David Paratore, President and CEO of NanoSteel, said “Formetrix was formed to provide new, high performance steel alloys to accelerate the adoption of Additive Manufacturing within the tool and die and aluminum die cast industries. Growth in these sectors has been limited in part to the lack of suitable materials and we believe we have developed excellent new options.”

    Harald Lemke, Chief Commercial Officer of Formetrix, said “Through the precision capability provided by our new industrial AddUp 3D printer, we can support both prototyping and volume customer needs more effectively and efficiently. Using the initial FormUp 350 along with additional finishing equipment, Formetrix will continue to expand its service center capabilities.”

    The exact terms of the financial transaction have not been disclosed.

    Source : Strategic Research Institute
  7. forum rang 10 voda 21 september 2018 16:33
    British Steel to upgrade wire rod mill with new Primetals Technologies rod line outlet

    In a move to improve the quality and range of wire rod produced in the United Kingdom, British Steel selected Primetals Technologies to design, manufacture and install a new wire rod line and upgrade long rolling equipment in the company’s existing rod mill in Scunthorpe, UK. The expanded size range will enable British Steel to serve new markets. Mechatronic packages and smart sensor systems mark the first step towards Industry 4.0. for this rolling mill. The project will replace two of the four strands of the existing wire rod mill with a new high production and high-speed rod outlet, plus two prefinishing mill bypass lines that will enable rods to enter a reducing/sizing mill to produce a wider range of sizes. The contract’s scope of supply includes modifications to the existing mill train, prefinishing mills and high-speed trim shears, with a new 230 Vee prefinishing mill, shear arrangement, a four-stand quick change Morgan Reducing/Sizing Mill, Morgan traversing water boxes and covered troughs, pinch roll and laying head arrangement with a quick change robot, a 10-zone Morgan Stelmor conveyor, the patented stepless reform station for coil forming, and vertical stem pallet system for coil handling. In addition, British Steel has contracted for mechatronic packages for section gauges and a laser gauge speed monitoring system with smart sensors, the first step towards Industry 4.0 digitalization of the rolling mill.

    Once commissioned, the upgraded mill will produce 700,000 tons of wire rod per year, with tighter tolerances, better surface quality and microstructures, in sizes up to 28 mm in diameter. The contract also includes site supervision. Designed for a guaranteed maximum speed of 110 meters per second, the mill will run at 153 tons per hour.

    Stelmor is a registered trademark of Primetals Technologies, Limited in certain countries.

    Source : Strategic Research Institute
  8. forum rang 10 voda 21 september 2018 16:34
    Tata Sponge party deal plan gets approval

    Tata Sponge Iron, a listed unit of Tata Steel won a major reprieve after shareholders voted in a second round of balloting in favour of a key proposal to allow related party transactions with group entities. Minority shareholders of Tata Sponge Iron had voted against the first resolution at the July annual general meeting. The proposal dealt with purchases and sales of raw materials, such as iron ore, coal and power, involving Tata Steel, Tata International, and Tata International Singapore. The value of such transactions would be INR 1,170 crore.

    If the vote against the resolution had gone unchallenged, it would have put at risk Tata Steel’s subsidiaries, which currently benefit hugely from synergies with their parent.

    In an unprecedented move, the company approached the shareholders for the second time, receiving a near 100% vote for all the three resolutions in favour of the RPTs. Both institutional and non-institutional shareholders backed the transactions, which are integral to Tata Sponge Iron’s business model and affect its profitability. Tata Sponge remained unavailable for comment.

    To be sure, the resolutions were brought up for voting in 2016-17 as well, and were duly approved by shareholders.

    Source : Economic Times
  9. forum rang 10 voda 21 september 2018 16:35
    FUXIN orders coil trimming line from SMS Group

    FUXIN (Fujian Fuxin Special Steel Co Ltd; an entity of Formosa Plastics Group, Taiwan) has selected SMS group to supply a coil trimming line for stainless steel strip. The line is to be erected in the Fujian province of China and scheduled to start production in 2020. It will enable FUXIN to process 150,000 tons of cold strip annually. The material will mainly be used for applications in the home appliances, elevator or construction industries. SMS group supplies the complete engineering of the line, electrical and automation systems as well as the mechanical equipment. Also included in the scope of supply is the supervision of erection and commissioning.

    The line serves for trimming of the strip edges to the desired width. The edge scrap will be cut into pieces via a scrap chopper. This process is followed by a visual inspection. Besides trimming, another main purpose of the line is to uncoil and rewind the coils.

    The line will process strips up to 1,350 millimeters wide and between 0.2 and 3.0 millimeters thick. The maximum process speed will be 200 meters per minute. The product range will comprise stainless steel of the 200, 300 and 400 series.

    Source : Strategic Research Institute
    Bijlage:
  10. forum rang 10 voda 21 september 2018 16:36
    KME Steelworks sets more expansion

    Machinery Market reported that Lisburn based KME Steelworks, which provides sub-contract services to a wide range of manufacturers, is recruiting 47 more people and upgrading its machinery as it sets its sights on further expansion with the assistance of Invest Northern Ireland. The company is also a supplier of bespoke steel moulds for use in the pre-cast concrete industry, with applications ranging from road traffic barriers to complex arch bridge sections.

    Company director Mr Jason Quinn said that “Growing our workforce is central to our business strategy, and we are delighted with the calibre of new recruits that have joined us so far.”

    Fellow director Seamus Murchan said that “We aim to further increase our production capacity and the range of services offered to our customers over the next three years. Our new 55,000ft2 facility houses ‘state of the art’ material-processing equipment which enables us to maintain our competitive advantage in our target markets.”

    KME (www.kme-steelworks.com) manufactures products for the materials-handling, construction, quarrying and aggregates, recycling and agriculture markets.

    Source : Machinery Market
  11. forum rang 10 voda 21 september 2018 16:37
    China trading platform eyes record volumes on robust steel output

    Reuters reported that volumes at China’s biggest physical iron ore trading platform may hit record levels this year, with demand for the steelmkaing raw material pushed up as steel output has been strong despite pollution-linked curbs. Company president Mr You Song said that volumes traded on the Beijing Iron Ore Trading Center Corporation from January to mid-September have risen 20 percent from the same time in 2017 to 24 million tonnes, and are on course to beat last year’s total of 33.6 million tonnes. He said that the last quarter of the year is typically the strongest in terms of transactions on the platform. Mr You said that “Our target this year is 36 million tonnes, but we have a chance to break 38 million tonnes.”

    That would be a new annual high for the platform that began in 2012 and where cargoes from top iron ore suppliers Vale, Rio Tinto and BHP Billiton are among those sold. The last record of 35.35 million tonnes was set in 2016.

    Despite production restrictions in many cities including top-producer Tangshan, China’s overall steel output only slipped 1.1 percent in August from a record 81.24 million tonnes in July, as many mills ramped up output to chase strong margins amid firm domestic demand.

    Mr You said that “We think production of steel will remain stable, so demand for iron ore will remain stable.”

    Source : Reuters
  12. forum rang 10 voda 25 september 2018 16:23
    Wereldwijd meer staal geproduceerd

    (ABM FN-Dow Jones) De mondiale staalproductie is in augustus gestegen, maar opnieuw minder hard dan een maand eerder. Dit bleek maandag uit cijfers van brancheorganisatie World Steel Association.

    In totaal maakten de 64 staalproducerende landen in de afgelopen maand 151,7 miljoen ton staal, een stijging van 2,6 procent op jaarbasis. In juli was er op jaarbasis nog een groei van 5,8 procent en in juni van 6,4 procent.

    In China, wereldwijd met afstand de grootste fabrikant van staal, steeg de productie afgelopen maand op jaarbasis met 2,7 procent tot 80,3 miljoen ton. Japan zag de productie afgelopen maand met 0,9 procent toenemen.

    De Verenigde Staten produceerden in augustus 7,5 miljoen ton staal. Dit was 5,1 procent meer dan een jaar eerder. De Europese Unie zag de productie met 1,4 procent stijgen naar 12,6 miljoen ton.

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

    © Copyright ABM Financial News B.V. All rights reserved
  13. forum rang 10 voda 25 september 2018 16:33
    Beursblik: Amerikaans beleid zet druk op prijzen industriële metaalmarkten

    (ABM FN-Dow Jones) De oorzaak van de tumult op de industriële metaalmarkten vindt de laatste tijd zijn oorsprong niet in China, maar in de Verenigde Staten. Dat stelde econoom Casper Burgering van ABN AMRO dinsdag.

    Volgens Burgering beleven de de industriële metaalmarkten, basismetaal- en ferrometaalmarkten, hectische tijden. "Normaal zijn het de economische trends in China die primair de richting van metaalprijzen bepalen. Die invloed is uiteraard nog steeds aanzienlijk, maar sinds een paar maanden vindt de oorzaak van het tumult op metaalmarkten vooral zijn oorsprong in de VS. Het economisch beleid van de VS – de combinatie van handelspolitiek en monetair beleid – en de onzekerheid die daaruit voortvloeit, zet neerwaartse druk op de prijzen in industriële metaalmarkten."

    "De basismetaalmarkten leven momenteel op gespannen voet met de onzekerheid die door het economisch beleid van de VS wordt veroorzaakt. De handelsoorlog tussen de VS en China en de wederzijdse vergeldingsmaatregelen bepalen nadrukkelijk het sentiment", voegde Burgering. "Daarbij doet de afbouw van het stimulerend monetaire beleid – met hogere rentes tot gevolg – ook een duit in het zakje. Bij toenemende onzekerheid over het economisch beleid in de VS dalen de prijzen voor basismetalen. Dat komt vooral doordat de mondiale gevolgen van dit beleid potentieel sterk doorwerken."

    De industriële metaalmarkten zijn volgens de econoom zeer cyclisch van aard en de prijzen reageren daardoor sterk op signalen die erop duiden dat de toekomstige vraag naar industriële metaalmarkten mogelijk wordt geschaad. "Investeerders laten daarom in deze onzekere tijden risicovollere beleggingen – zoals basismetalen – links liggen", meent Burgering.

    Hij verwacht wel dat de vraag naar basismetaal op de lange termijn naar verwachting gunstig blijft, met name gevoed door de verdere groei in de markt voor de elektrische auto en de geplande mondiale infrastructurele investeringen, met name in China.

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

    © Copyright ABM Financial News B.V. All rights reserved.
  14. forum rang 10 voda 26 september 2018 15:30
    Baowu in talks to take over Magang to create a global giant - Report

    Reuters, citing three sources familiar with the discussions, reported that top Chinese steelmaker China Baowu Steel Group is in talks to take over rival Magang Group, a deal that would help entrench the nation’s position as a serious competitor in global steel markets. The source said “The talks are yet to move beyond a preliminary stage. A deal would be very reasonable and normal. After all, the two companies are geographically close. It would be easy to collaborate and their products are complementary.”

    The mega-marriage would sharply narrow Baowu’s gap with top-ranked international producer ArcelorMittal and would be a major step in Beijing’s drive to consolidate its bloated steel industry. Baowu and Magang’s combined steel output last year surpassed total US production.

    It would mark the next big takeover in the country’s steel sector after Baowu, the world’s No 2 steelmaker, was created by Baosteel Group’s 2016 acquisition of Wuhan Iron and Steel

    Magang is headquartered in Maanshan in East China's Anhui Province, about four hours drive from Shanghai, where Baowu Group is based. Baowu mainly churns out flat steel products used in manufacturing, while Magang's output is split between flat and long steel products, the latter used in construction. Baowu in 2017 produced 65.39 million tonnes of steel and Magang made 19.71 million tonnes. Their combined output of 85.1 million tonnes would be just 11.9 million tonnes below ArcelorMittal's production last year and compares to the US total of 81.6 million tons. It would also put Baowu closer to its plan to expand its capacity to 100 million tonnes by 2021 from around 70 million tonnes currently.

    Source : Reuters
  15. forum rang 10 voda 26 september 2018 15:30
    US, EU, Japanese Trade Ministers Agree on Need for WTO Reform - Joint Statement Sputnik / Ruben Sprich

    Sputnik reported that US in a joint statement with his European Union and Japanese counterparts agreed during a meeting in New York City that there is a need for the reform of the World Trade organization (WTO). US Trade Representative Robert Lighthizer, Minister of Economy Trade and Industry of Japan Hiroshige Seko and European Commissioner for Trade Cecilia Malmstrom in a press release said "The ministers shared a common view on the need for the reform of the WTO. As a first step toward reform they will co-sponsor a transparency and notification proposal for consideration at the next meeting of the WTO Council on Trade in Goods.”

    The release also said overly broad classifications of development, mixed with self-designation of development status, inhibits the WTO’s ability to negotiate new, trade-expanding agreements and undermines their effectiveness.

    They also agreed to continue working together to maintain the effectiveness of existing WTO disciplines.

    Source : Sputnik
  16. forum rang 10 voda 26 september 2018 15:32
    Eligibility of ArcelorMittal, NuMetal has to be decided by SC - CoC

    Economic Times reported that the Committee of Creditors said that the Supreme Court will have to lift the corporate veil to test the eligibility of steel and mining major ArcelorMittal and Russia's VTB Bank-promoted firm NuMetal, which are bidding for Essar Steel, to ascertain the persons behind them. A bench of Justices R F Nariman and Indu Malhotra was told by senior advocate Gopal Subramaniam, representing the Committee of Creditors (COC); that the concept of lifting of corporate veil has to be given exhaustive interpretation to ensure that the persons related to or persons acting in concert with the debt-ridden firms do not come back to bid for the company.

    The senior lawyer referred to the position of the COC with regard to ArcelorMittal and NuMetal and said "You may have to clear the debt and work out Non Performing Assets, otherwise the purpose of the Insolvency and Bankruptcy Code would be defeated.”

    Responding to a query as to whether ArcelorMittal had a controlling stake in KSS Petron, the COC counsel said it held 32 per cent stake and anything above 25 per cent is considerable and the shareholders, under the law, can influence the decisions.

    On the issue of NuMetal, the senior counsel said it was incorporated in Mauritius nearly a week before bidding for Essar Steel and referred to a communication of February 21, which said if there was any objection to a person having shares in it, then the company be allowed to transfer them, so that it remained eligible for bidding.

    Source : Economic Times
  17. forum rang 10 voda 26 september 2018 15:33
    Tenaris to acquire significant stake in Saudi Steel Pipe Company

    Tenaris SA announced that it has entered into a definitive agreement to acquire from a private group 47.79% of the shares of Saudi Steel Pipe Company, a welded steel pipes producer listed on the Saudi stock market, for an aggregate price of USD 144 million. The transaction is subject to regulatory approvals, including approval by the Capital Market Authority of Saudi Arabia, and other customary conditions and is expected to close in the first quarter of 2019. SSP’s facilities are located in the Eastern Province of the Kingdom of Saudi Arabia and have a manufacturing capacity of 360,000 tons per year. The company started its operations in 1980 and serves energy, industrial and commercial segments. It is qualified to supply products with major national oil companies in the region, including Saudi Aramco.

    SSP operates three production lines, covering an outside diameter range from ½” to 20”, which complements Tenaris’s existing offering in Saudi Arabia. The combined portfolio will provide Saudi Aramco and regional customers with a comprehensive range of products.

    Tenaris has been serving Saudi Arabia’s oil and gas industry and Saudi Aramco for decades. With this transaction, Tenaris will significantly expand its industrial presence in the Kingdom and the range of products it supplies to Saudi Aramco. Since its first industrial investment in 2010, Tenaris has continuously invested to expand its local operations, supporting the industrialization of the country.

    Source : Strategic Research Institute
  18. forum rang 10 voda 26 september 2018 15:34
    World growth forecast cut on US-China trade battle -Fitch Ratings

    Fitch Ratings in its new Global Economic Outlook (GEO), said that protectionist US trade policies have now reached the point where they are materially affecting what remains a strong global growth outlook, with the US-China trade battle prompting us to downgrade our 2019 global GDP forecast. Fitch Chief Economist Mr Brian Coulton, said that "The trade war is now a reality. The recently announced imposition of US tariffs on a further USD200 billion of imports from China will have a material impact on global growth and, even though we have now included the 25% tariff shock in our GEO baseline, the downside risks to our global growth forecasts have also increased. Our forecasts now encompass the recent significant escalation in US-China trade restrictions, resulting in a 0.2pp reduction in our 2019 China growth forecast to 6.1% and a 0.1pp reduction in our 2019 global growth forecast to 3.1% since the June GEO."

    Despite these forecast adjustments, near-term global growth prospects remain strong with growth forecast to reach 3.3% this year, up from 3.2% in 2017, well above the long-run (post-1990) historical average of 2.6% pa. But growth is also now becoming less balanced and less synchronised. Aggregate demand is accelerating most rapidly in the economy with the smallest margin of spare capacity, namely the US. This is intensifying the divergence of global monetary policy settings and adding to exchange rate volatility. Against the backdrop of an expected shift to global quantitative tightening (QT) next year, the rising cost of funding in US dollars is likely to continue to create pressures for borrowers in global credit markets given the dollar’s outsized role in international financing. This will take a toll on emerging market (EM) growth, where our forecasts have also been downgraded.

    One reason for the divergence in growth prospects is fiscal policy, which is aggressively expansionary in the US but much closer to neutral in the eurozone. Our US growth forecast for 2018 has been revised upwards by 0.1pp to 2.9%. But as US near-term prospects improve, it has become clearer that eurozone growth has peaked and our eurozone 2018 growth forecast has seen a further mark down of 0.3pp in this GEO to 2%.

    While China’s recent headline GDP growth numbers have held up well – recording 6.7% yoy in 2Q18 – there is increasing evidence of earlier credit tightening measures dampening domestic demand. We do not expect further policy easing to fully offset the drag from new US tariffs and now see China’s growth slowing to 6.1% next year from 6.6% this year. Our aggregate EM growth forecast for 2018 has been revised down by 0.1pp since the last GEO to 5.2% and for 2019 by 0.3pp to 4.8%.

    Slowing global growth in 2019 will be accompanied by an important transition in global monetary policy. Fitch now expects the combined QE asset holdings of the four QE central banks (Fed, ECB, BOJ and BOE) to decline in 2019.

    MrCoulton said that “With the four QE central banks having purchased over USD1 trillion of assets per annum on average since 2009, the prospect of an outright decline in central bank liquidity is likely to have significant ramifications. These could include upward pressures on global bond yields – as the compression of term premiums that followed QE is unwound – and a ratchet up in financial market volatility.”

    Source : Strategic Research Institute
  19. forum rang 10 voda 26 september 2018 15:38
    Primetals Technologies to modernize Monroe electric steel plant of Gerdau

    Primetals Technologies has received an order from Gerdau Special Steel North America to modernize its electric steel plant in Monroe, Michigan, USA. The project involves modernizing the existing electric arc furnace. The electric steel plant will also be equipped with a new twin ladle furnace and a new material handling system. The aim is to increase the plant's annual production capacity by 160,000 metric tons of rolled end products. End-to-end automation and the use of LiquiRob robot systems will increase productivity and reliability, optimize workflows in the steel works, and reduce operating costs. At the same time, robot systems will make work safer. The ladle furnace and material handling system are scheduled to come into operation at the end of 2019, the modernized electric arc furnace in the middle of 2020.

    Gerdau Special Steel North America is a leading manufacturer of special bars steels, which are mainly used in the automotive industry. The order awarded to Primetals Technologies is part of an investment package totaling around 80 million US dollars. Primetals Technologies will be responsible for the engineering and supplying the process equipment for the electric arc furnace, the 110-metric-ton twin ladle furnace, the material handling system and the structural steel work, and will also supervise the construction and commissioning of all the installations. The scope of delivery also includes the associated electrical installations and automation, the power supply including transformers and the complete, end-to-end process automation. Three LiquiRob systems will handle potentially dangerous tasks, such as taking temperatures and samples. Solutions such as the automatic sand refilling, a weighing system and the automated tap hole manipulator will optimize operation of the electric arc furnace.

    Source : Strategic Research Institute
  20. forum rang 10 voda 26 september 2018 15:39
    Sidenor issues FAC to SMS Group for bar mill

    Following the successful commissioning of the upgraded bar mill at its Basauri location, Spanish company SIDENOR ACEROS ESPECIALES, SL has issued the final acceptance certificate to SMS group. The upgrade was aimed at ensuring more effective rolling operations, increasing the initial pass section, raising rolling speeds, and improving the material properties. SMS group’s scope of supply included all process facilities, the automation system, and the entire erection and commissioning. As part of the upgrade the existing three-high roughing stand was replaced with a six-stand continuous roughing mill with compact stands in V-H arrangement. What’s more, a new flying crop shear and two additional compact stands in an H-V arrangement were installed upstream of the current eleven-stand continuous finishing mill. A further flying shear, which was installed in the exit section of the bar mill, enables SIDENOR to cut not only larger cross-sections in future, but also smaller sections at speeds of up to ten meters per second. Static, multi-strand entry and exit guides, and in some cases roller entry guides, are used to guide the rolling stock.

    The scope of the upgrade also included the installation of a completely new walking beam furnace and related entry and exit equipment, which will allow for higher capacity levels in future thanks to its modular design. The exit side of the furnace is equipped with a high-pressure water descaling unit. The furnace is also equipped with the advanced SMSPrometheus® level 2 automation system, which is ideal for setting the heating parameters according to the wide range of steel grades to be rolled. The use of SMS ZeroFlame burners will also minimize pollutant emissions into the atmosphere in future.

    Source : Strategic Research Institute
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