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Aandeel Aperam AEX:APAM.NL, LU0569974404

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Diverse nieuws items

1.623 Posts
Pagina: «« 1 ... 61 62 63 64 65 ... 82 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 26 juli 2018 11:25
    Chinese probe on stainless steel import to disturb markets

    Fast Markets reported that China has launched an anti-dumping investigation into imports of stainless steel billet and slab, as well as stainless hot-rolled plate and coil produced in the European Union, Japan, South Korea and Indonesia, according to a notice by the country’s Ministry of Commerce on Monday July 23. The period being investigated is the whole of 2017 while timeframe being probed to determine industrial damage is from January 1, 2014 to March 31, 2018. The investigation started on Monday and will likely end by July 23, 2019, although the end-date might be extended to January 23, 2020 if special circumstances emerge, according to the notice.

    The products under investigation are those classified under the following HS codes: 72189100, 72189900, 72191100, 72191200, 72191312, 72191319, 72191322, 72191329, 72191412, 72191419, 72191422, 72191429, 72192100, 72192200, 72192300, 72192410, 72192420, 72192430, 72201100 and 72201200.

    The probe is the result of major Chinese producer Shanxi Taigang Stainless Steel filing an application on behalf of the country’s domestic industry, with backing from several other mills in China, the ministry said.

    Tisco and the mills supporting the application collectively account for more than 50% of the total output of those products in China from 2014 until 2017, the ministry noted in its preliminary review.

    China imported 1.15 million tonnes of stainless steel in 2017, up 55.83% from 2016, according to Stainless Steel Council of China Special Steel Enterprises Association.

    Stainless hot rolled flats and billet accounted for more than 700,000 tonnes of that figure, or about 60% of that total, according to Chinese customs data.

    Source : Fast Markets
  2. forum rang 10 voda 31 juli 2018 15:45
    Chinese investors plan stainless steel complex in South Africa

    Reuters reported that Chinese investors signed agreements to build a USD 10 billion metallurgical complex in South Africa during President Xi Jinping's state visit last week and hope to start construction next year. The complex, which is still in the planning stage, envisages building a stainless steel plant, a ferrochrome plant and a silicomanganese plant.

    Trade and Industry Minister Rob Davies said that China was considering a metallurgical project in a special economic zone, but he did not reveal the scale of the project or timeframe.

    Mr Richard Zitha, a project executive at the Musina-Makhado SEZ where the complex will be based, said the project was being led by Chinese state-owned companies, but he declined to name them.

    He said the Chinese investors would look for Black Economic Empowerment partners to comply with South African rules designed to address racial disparities more than two decades after the end of apartheid.

    The investors were open to investors from other countries joining at a later stage, he said.

    Source : Reuters
  3. forum rang 10 voda 31 juli 2018 15:50
    voestalpine orders main melting area components for new stainless steel plant in Kapfenberg frpm SMS

    voestalpine BÖHLER Edelstahl, a subsidiary of the international technology and capital goods group voestalpine and located in Kapfenberg, Austria, has placed an order with SMS group to supply an electric arc furnace, an AOD converter and secondary metallurgical facilities for the construction of a high-tech stainless steel plant which will set new standards in energy efficiency, environment protection as well as innovative automation of the production processes. The new stainless steel plant is intended to replace the existing plant of voestalpine BOHLER Edelstahl GmbH & Co KG at the Kapfenberg location and will produce 205,000 tons of high-performance steels per year for application in the aerospace and automotive industries as well as for the oil and gas sector.

    On a site of approximately 50,000 square meters, the globally most advanced plant for the production of stainless steel will be established within the next three years. Hot commissioning is scheduled to take place in the middle of 2021.

    The steel plant concept unites cost-efficient process solutions with optimized process sequences and high plant availability. The plant engineering will feature a high degree of automation and digitalization in all production steps.

    The centerpiece of the plant will be a 55-ton electric arc furnace (EAF) able to melt high-purity scrap and alloys into liquid steel on the basis of electrical power that is completely generated by renewable energy sources. In addition, the exhaust heat generated during the process will be used to dry the ultra-pure scrap in a separate plant before it is fed to the electric arc furnace.

    The 60-ton vacuum converter will combine the classical AOD process for medium carbon contents with decarburization and degassing under vacuum for steel grades having low and ultra-low contents of carbon and nitrogen.

    The scope of supply furthermore includes three ladle furnaces (LF), two vacuum degassers (VD), one vacuum oxygen degasser (VOD) and one ladle treatment stand (LTS). The VOD system will be used for the production of special high-quality stainless steel grades of highest purity.

    In terms of energy efficiency and environment protection, too, the new stainless steel plant will set new benchmarks. Closed cooling water circuits and heat recovery systems will minimize emissions and the consumption of resources. Forward-looking air purification systems will meet the most stringent environmental requirements.

    All components of the stainless steel plant will be equipped with X-Pact® electrical and automation systems. The X-Pact® MES 4.0 production planning system and the innovative X-Pact® process guidance system (PGS) will lay the foundation for digitalization of the most-advanced stainless steel plant worldwide.

    The manufacturing execution system X-Pact® MES 4.0 is the holistic, modular solution for planning and control of the entire metallurgical process chain and of all production facilities. Based on planning modules, it considers the interaction of all factors relevant for decision, such as plant condition, product quality and energy consumption, i.e. horizontal networking takes place. Reporting is completely web-based and provides detailed data analyses.

    For all facilities within the plant, the automation concept X-Pact® process guidance will merge process-oriented operation of the different automation levels in a uniform look and feel. The modular design will provide a basis for reporting, tracking, material management and for metallurgical models. New sensors can be added respectively available data be transferred shortly.

    All components of the stainless steel plant will be monitored in a central control station.

    SMS group will furthermore supply the technological equipment for the Kapfenberg training center where the complete plant complex will be digitally visualized for training purposes.

    The supply scope of SMS group includes basic and detail engineering, mechatronic plant technology, supervision of erection on site and commissioning of the above mentioned components. To make sure transition of production from the existing to the new stainless steel plant will be accomplished smoothly, it is planned to train the customer’s staff on site and in the test center of SMS group in Germany.

    Source : Strategic Research Institute
  4. forum rang 10 voda 8 augustus 2018 16:11
    Merafe Resources delivers record payout as stainless steel demand grows

    Miningmx reported that as anticipated by some analysts ferrochrome producer, Merafe Resources, has declared a record interim dividend for the six months to end-June totalling ZAR 200 million which follows a record final dividend payout of ZAR 226 million for the year to end-December. The higher dividends follow on from what Merafe CEO, Zanele Matlala, described as a “remarkable” reduction in the group’s debt since 2015 which has been matched by a rising percentage of group profits paid out in dividends. Merafe moved from a net debt position of more than ZAR 1.1 billion in the first half of 2015 to hold net cash of ZAR 600 million in the second half of 2017 from which net cash dropped to ZAR 331 million at end-June.

    Over this period the dividend pay-out as a percentage of profit has risen from just 16% in 2015 to 47% for the latest set of results.

    Merafe has also published a set of dividend guidelines covering future distributions. These include provisions that “at least” 30% of headline earnings will be paid out and excess cash above ZAR 50 million at the Merafe level will be distributed.

    Merafe gets the bulk of its revenues from its 20.5% stake in the Glencore-Merafe chrome venture which is one of the world’s largest ferrochrome producers with total installed capacity of 2.3 million tonnes a year.

    Matlala said that Merafe’s portion of the cash in the venture of between R100m and R200m would be retained to fund working capital and sustaining capital expenditure.

    Turning to the market, Matlala said global stainless steel production rose 10% in the first half of 2018 and commented that “… for the first time in years, Chinese output was not the leading factor behind this rise”.

    Instead, the growth came mainly from Indonesia which pushed up its output 13% period on period while European and North American stainless steel production increased by 2.5% and 1% respectively. Chinese stainless steel production rose by 7% period-on-period.

    Ms Matlala added that “due to strong growth in Indonesia, where stainless steel production is almost entirely dependent on primary chrome units, global demand for ferrochrome increased by 11% period-on-period. Growth in ferrochrome supply has not matched the rise in demand so far this year with global ferrochrome production rising by 8% period-on-period. Chinese ferrochrome smelters made the largest contribution to this increase, their output rose by more than 11% to about 2.4million tonnes. More modest supply increases took place in South Africa and India”.

    Ms Matlala said total 2018 stainless steel production was currently forecast to be 50.8 million tonnes which would be 4.9% up on 2017 levels. She commented that “Price and exchange rate volatility are expected to continue, especially given uncertainties driven by trade wars and the global economic environment”.

    Source : Miningmx.com
  5. forum rang 10 voda 8 augustus 2018 16:13
    Brazil starts sunset review on stainless steel pipes from China and Taiwan

    On July 27th 2018, Brazil’s Secretariat of Foreign Trade has initiated sunset review SECEX Circular No. 30/2018 initiated a sunset review on antidumping duties applied on Brazilian imports of stainless steel seam pipes, grades 304 and 316 austenitic stainless steels with a circular cross-section and outer diameter equal to or more than 6 millimeters (1/4 inch) and less than 2032.00 millimeters (80 inches), a thickness of 0,40 millimeters or more but not exceeding 12,70 millimeters (Mercosur Common Nomenclature – NCM 7306.40.00 and 7306.90.20) originating from China and Taiwan.

    Any interested third party may request participation in the process within 20 days of the publication in the D.O.U. In addition, exporters, importers and domestic producers already identified by the authority will receive a questionnaire which must be answered within 30 days. It is presumed that national interested parties will be notified within 5 (five) and international parties within 10 (ten) days after the mailing of the documents by the Department of Commercial Defense (“DECOM”).

    The antidumping duty currently applied on the abovementioned products will be in force until the end of the sunset review, which should occur within 10 months, extendible for a further 2 months.

    Source : Strategic Research Institute
  6. forum rang 10 voda 13 augustus 2018 14:40
    India starts CVD inquiry into imports of stainless steel pipes from China and Vietnam

    The Directorate General of Trade Remedies announced that it has begun an investigation of imports of allegedly subsidized welded stainless steel pipes and tubes from China and Vietnam as there is evidence that subsidies had been imposed on these goods hurting the Indian domestic industry. It said that “The authority finds that there is prima facie evidence of existence of countervailable subsidies on production and export of the subject goods in People’s Republic of China and Vietnam, and such subsidised imports are causing material injury to the domestic industry through their volume and price effects.”

    Stainless Steel Pipe And Tubes Manufacturer Association, New Delhi and Stainless Steel Pipes & Tubes Manufacturers Association, Ahmedabad, South India Stainless Steel Pipe And Tubes Manufacturer Association and Haryana Stainless Steel Pipe And Tube manufacturer Association have jointly filed an application before the Designated Authority, on behalf of the domestic industry. The applicants have alleged that the producers/exporters of the subject goods in the subject countries have benefited from the actionable subsidies provided by various levels in the Government of China and Vietnam, including the Governments of the different Provinces and Municipalities in which the producers/exporters are located, and other ‘Public Bodies’. The applicants have relied upon the relevant Laws, Rules and Regulations and other Notification of the relevant Government Agencies and Public Bodies as available in the public domain and in the determinations of other investigating Authorities who have conducted comprehensive investigation of such schemes and concluded existence of countervailable subsidy programs.

    The product under consideration is “Welded Stainless Steel Pipes and tubes”, classifiable under various tariff sub-headings No. 73064000, 73066110, 73061100, 73062100.

    The country involved in the present investigation is People’s Republic of China and Vietnam

    The Period of Investigation (POI) in the present investigation is April 2017-March 2018 (12 months). The injury investigation period shall cover the periods 2014-15, 2015-16, 2016-17 and the period of investigation.

    Source : Strategic Research Institute
  7. forum rang 10 voda 16 augustus 2018 16:46
    Electric car bets boosting nickel demand – Nornickel

    REUTERS reported that expectations of a boom in demand for electric vehicles are leading investors and battery makers to stockpile nickel and helping to fuel a spike in global prices of the metal, Russian mining company Norilsk Nickel said that Nornickel, the world's second-largest nickel producer, said demand for the metal from the battery sector leapt 38 percent in the first half of this year versus the same period last year. Along with demand from the stainless steel sector, this helped boost prices to USD 15,750 per tonne in June, their highest in over four years, the company said, with the battery sector accounting for 5 percent of total global nickel demand.

    Nornickel said the expected pick-up in demand for electric vehicles was also a factor behind a drop in industry inventories, as investors and battery makers built up stocks.

    Nickel inventories at the London and Shanghai exchanges fell to 274.000 tonnes from 411,000 tonnes between January and July.

    Nornickel sold 101,000 tonnes of nickel in the first half of the year. It also mines cobalt, also used in electric vehicle batteries, and revenue from that metal rose 52% in the first half of this year.

    Nornickel said it expected the battery sector to become the industry's second-largest market in the next few years, behind stainless steel.

    Mr Anton Berlin, head of Nornickel's marketing department said that "Consumption by the battery sector for electric vehicles may be lagging behind stainless steel, but it is growing at a furious pace.”

    Source : Strategic Research Institute
  8. forum rang 10 voda 17 augustus 2018 15:50
    Nickel is dancing to a new electric vehicle beat – Report

    Reuters reported that the world used almost 2.2 million tonnes of nickel last year. Around two thirds of that metal was absorbed by the stainless steel industry, which uses it as a key alloying agent. Stainless steel production has been booming. Global output rose by 5.8 percent last year and accelerated by another 9.5 percent in the first quarter of 2018, according to the International Stainless Steel Forum. This has been good news for nickel. The International Nickel Study Group (INSG) estimates that global first-use nickel usage jumped by 7.8 percent last year and by another 9.7 percent in the first five months of this year.

    But the nickel market may be changing. Historical price correlations between nickel and stainless steel have broken down, according to Russia’s Norilsk Nickel, the world’s largest producer.

    Nickel has been caught up in the broader metallic sell-off but it is the only London Metal Exchange base metal still to be in positive year-to-date territory, up four percent at a current $13,120 per tonne.

    It has also been significantly out-performing stainless steel since the fourth quarter of last year, opening an ever wider gap between the two.

    If nickel’s correlated to anything at the moment, Nornickel argues, it’s with cobalt. Nickel and cobalt are two of the metals expected to benefit most from the electric vehicle (EV) revolution. Both are key inputs to most types of lithium-ion battery. It may seem premature for nickel to switch pricing partner. After all, the amount of metal currently being used to make batteries is tiny.

    Analysts at Wood Mackenzie estimate some 40,000 tonnes of nickel went into EV battery manufacture in 2016, representing less than two percent of the metal’s usage in that year. There may be a bright electric future for nickel but WoodMac and just about everyone else thinks it will be a couple of years before the EV demand accelerator really kicks in.

    Source : Reuters
  9. forum rang 10 voda 27 augustus 2018 15:46
    Stainless steel best for water management - ISSDA

    Economic Times reported that Indian Stainless Steel Development Association is actively working with the Ministry of Drinking Water, Ministry of Water Resources, Ministry of Health, Ministry of Housing and Urban Affairs to promote the use of stainless steel to ensure sustainable water management practices. It organized a national seminar on ‘Sustainable Stainless Steel Solutions for Water Management’ in Delhi under the aegis of Ministry of Steel. The seminar deliberated on sustainable infrastructural solutions for the growing issue of safe water management with OEMs and policymakers.

    Addressing the gathering, Secretary (Steel) Dr Aruna Sharma said that “As second largest stainless steel producer in the world, India is a point in time when it becomes mandatory to use stainless steel in water management.”

    Secretary, Union Ministry of Water Resources, Mr UP Singh said that “The health costs of impure water are too high, and it therefore merits that we have an inter-departmental discussion among related Secretaries to deliberate over this.”

    Mr Abhyuday Jindal, Managing Director, Jindal Stainless said that “The Delhi Jal Board loses 48% of treated water. A significant reason for that is attributed to leaky pipelines, which in turn also contaminates the water through harmful pathogens entering the water supply. A Water Aid report estimates that more than 500 children under the age of five die each day from diarrhoea in India alone. To stop this loss of life and finances, it is pertinent that we switch to stainless steel for integrated water management - for treatment, storage, transmission and waste water management. Since the metal is inherently corrosion-resistant and requires minimal maintenance, it’s an optimum choice for water management.”

    With improved awareness, there are growing instances of adoption of stainless steel in water management. While Delhi Jal Board is adopting stainless steel tankers to transport water to ensure hygiene, stainless steel water ATMs are also being installed in many cities to maintain safe supply of water to all. Mr KK Pahuja, President of ISSDA said that “ISSDA has been working tirelessly to promote stainless steel because it has proven to be the ideal material to ensure safety and purity of water across the world.”

    Source : Economic Times
  10. forum rang 10 voda 27 augustus 2018 15:52
    USITC keeps antidumping duty on stainless steel bars from India

    The US International Trade Commission announced its determinations in its five year (sunset) reviews concerning stainless steel bar from Brazil, India, Japan, and Spain. The Commission determined that revoking the existing antidumping duty order on imports of stainless steel bar from India would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time. The Commission further determined that revoking the existing antidumping duty orders on imports of this product from Brazil, Japan, and Spain would not be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time. As a result of the Commission’s affirmative determination, the existing antidumping duty order on imports of this product from India will remain in place. As a result of the Commission’s negative determinations, the existing antidumping duty orders on imports of this product from Brazil, Japan, and Spain will be revoked.

    The action comes under the five-year (sunset) review process required by the Uruguay Round Agreements Act.

    The Commission’s public report Stainless Steel Bar from Brazil, India, Japan, and Spain (Inv. Nos. 731-TA-678-679 and 681-682 (Fourth Review), USITC Publication 4820, September 2018) will contain the views of the Commission and information developed during the reviews.

    Source : Strategic Research Institute
  11. forum rang 10 voda 28 augustus 2018 16:16
    Indian stainless steel producers hopeful of zero duty on ferronickel import

    Money Control reported that Stainless steel industry body ISSDA is expecting the government to look into the demands of local players to remove 2.5 percent basic customs duty on import of ferro nickel and stainless steel scrap It is a long-standing demand of domestic stainless steel producers that the duty on import of ferro nickel and stainless steel scrap key raw materials used in producing stainless steel should be removed or made zero. Indian Stainless Steel Development Association (ISSDA) President K K Pahuja said that "The two raw materials are not available in the country and the industry is importing it. Steel Secretary Aruna Sharma has assured us that the duty will be removed and her ministry is already in touch with the finance ministry in this regard.”

    Mr Pahuja said that the government had removed customs duty on pure nickel in the last budget, but the move did not help the industry much since most of nickel used by stainless steel makers is in the form of ferro nickel. He added that the same relief should be extended to ferro-nickel and along with it the duty should be removed on stainless steel scrap also.

    Source : Money Control
  12. forum rang 10 voda 29 augustus 2018 16:23
    FTA misuse hitting us - Jindal Stainless

    Times of India reported that a surge in imports from China and countries with which India has signed free trade agreements (FTAs) is heaping misery on the domestic stainless steel manufacturers, prompting them to seek more permanent measures to stem inflows as excess capacity in China and in countries such as Japan and Korea and their attention to the Indian market is posing a stiff challenge to the domestic steel makers. Mr Abhyuday Jindal, MD of Jindal Stainless (Hisar), said “It has become a huge problem. Jobs are getting lost and causing tremendous disruption. It is being dumped via Japan, Korea, Vietnam and Indonesia using the FTA route. Earlier around 800-1,000 tonnes used to be dumped, but between January to May this year about 6,000 tonnes have already come in.”

    Domestic manufacturers say the market for stainless steel is limited in Indonesia and the new capacity that is being added could be headed for India. The ongoing trade war between the US and China has also added an element of uncertainty. They are now demanding that steel should be excluded from FTAs that India has signed.

    Given the scale of the problem, government has attempted several steps such as imposing anti-dumping duties, countervailing duties, quality control and anti circumvention measures but the problem persists. Studies conducted by the industry have shown that despite the measures undertaken by the government to stem dumping of steel, imports account for nearly 20% of the domestic market.
    New capacities in Indonesia riding on the back of Chinese investments also pose a threat to the domestic market.

    Source : Times of India
  13. forum rang 10 voda 7 september 2018 17:09
    Jindal Stainless see business opportunities in domestic automotive industry

    Zee Business reported that country's largest stainless steel maker Jindal Stainless Ltd will tap the growing business opportunities in the domestic automotive industry. Mr Vijay Sharma, Head Sales, Jindal Stainless said that "The Indian passenger vehicle manufacturing industry became the fourth largest in the world, with sale increasing to 4.02 million units in 2017. Overall, auto sector consumes nearly 2 lakh tonne of stainless steel in a year. The Indian automobile sector is pegged to grow at a rate of 15 per cent per annum, providing enough scope of growth to domestic producers of stainless steel. Jindal Stainless is eyeing the auto sector in a big way. The company plans to triple its supplies towards this segment in the next 5 years.”

    Mr Sharma said that according to the 2020 BSVI norms, stainless steel is the most preferred metal for exhausts. It is the ideal metal for meeting the demands of the automotive industry given its resistance to heat, pressure, and ageing. He added that "The aesthetic appeal of stainless steel is another added advantage. The high strength-to-weight ratio and improved slide-ability, higher weldability, and corrosion resistance, even in wet abrasive applications, make it an optimum choice for usage in this sector. It is used in vital components such as vehicle exhaust, disk brakes, catalytic converters and specialised parts of diesel turbochargers.”

    At present, domestic automotive sector's 60 per cent demand of stainless steel is met through JSL. The company supplies stainless steel to major auto players like Honda Group, Yamaha, Bajaj, Ashok Leyland, Tata Motors, Toyota and others.

    Source : Zee Business
  14. forum rang 10 voda 21 september 2018 16:39
    Stainless Steel Flanges from India Injure US industry - USITC

    The United States International Trade Commission (USITC) has determined that US industry is materially injured by reason of imports of stainless steel flanges from India that the US Department of Commerce has determined are subsidized and sold in the United States at less than fair value. Chairman David S. Johanson and Commissioners Irving A. Williamson, Meredith M. Broadbent, Rhonda K. Schmidtlein, and Jason E. Kearns voted in the affirmative. As a result of the USITC’s affirmative determinations, Commerce will issue antidumping and countervailing duty orders on imports of this product from India. The Commission also made negative findings concerning critical circumstances with regard to imports of this product from India. As a result, imports of stainless steel flanges from India will not be subject to retroactive antidumping or countervailing duties.

    Product Description: The stainless steel flanges subject to these investigations are forged and can be finished, semifinished, or unfinished. Subject flanges are made from stainless steel and are generally manufactured to, but not limited to, the material specification of ASTM/ASME A/SA182 or comparable domestic or foreign specifications. Subject stainless steel flanges meet the sizes and description standards for all pressure classes of ASME B16.5 and range in size from one-half inch to 24 inches in nominal pipe size. Stainless steel flanges are used to connect stainless steel pipe sections and piping components (valves, pumps, tanks, and other equipment) to form a piping system. Stainless steel flanges are usually welded or screwed to the ends of pipes or other equipment requiring a connection and are joined to each other by bolting. Forged stainless steel flanges are a component of stainless steel process piping in oil and gas refineries, nuclear power plants, chemical synthesis plants, paper mills, food processing facilities, and other applications where cleanliness and corrosion resistance are required and in electric power-generating plants where their high-temperature properties are needed.

    Status of Proceedings:
    1. Type of investigations: Final phase antidumping and countervailing duty investigations.
    2. Petitioners: Core Pipe Products, Inc., Carol Stream, IL; and Maass Flange Corporation, Houston, TX.
    3. USITC Institution Date: August 16, 2017.
    4. USITC Hearing Date: April 10, 2018.
    5. USITC Vote Date: September 18, 2018.
    6. USITC Notification to Commerce Date: September 28, 2018.

    Source : Strategic Research Institute
  15. forum rang 10 voda 28 september 2018 16:48
    Jindal Stainless plans to expand capacity

    Business Standard reported that Jindal Stainless Ltd plans to invest INR 15 billion to expand the capacity of its Steel Melting Shop (SMS) from 0.8 to 2.2 million tonnes per annum and double its cold roll mill capacity from 0.8 to 1.6 mtpa. The BS report quoted a company source as saying that “We are seeking environment clearance for 2.2 million tonne per annum of the SMS. Without much investment, we will reach 1.1 mtpa by next year and 2.2 mtpa in another two years. We will be expanding in two phases. Though we've sought approval for 2.2 mtpa, we're looking at an operational capacity of 1.6 mtpa. However, the expansion of the SMS will depend on the behaviour of the market.”

    With all the infrastructure already available at its Kalinganagar facility, the incremental cost to the company for pursuing expansion will be lower.

    Separately, Jindal United Stainless Ltd (JUSL), which will be hived off as a separate company after the planned de-merger, is planning to double hot strip mill to 3.2 mtpa and add a cold rolling mill, at a total outlay of Rs seven billion.

    Source : Business Standard
  16. forum rang 10 voda 17 oktober 2018 19:55
    Vale Q3 production and sales overview of Nickel

    As anticipated in the last production and sales report, Sudbury conducted its annual scheduled maintenance shutdown and Thompson transitioned to a mine-mill operation, with its concentrate being sent to the Sudbury smelter for further processing. As a consequence, production of finished nickel reached 55,7001 in 3Q18,15.9% lower than in 2Q18.

    In 4Q18, nickel production is expected to reach close to 60,000 t as Sudbury returned from its annual scheduled maintenance shutdown in mid-September.

    Sales volumes of nickel were 57,3001 in 3Q18, a decrease compared to 2Q18. Sales volumes did not decrease to the same extent as the production in 3Q18 mainly due to a drawdown of finished inventory in the quarter versus a buildup in 2Q18.

    Canadian operations
    Production from the Sudbury mines reached 9,2001 in 3Q18, 4,100 t lower than in 2Q18. The decrease compared to 2Q18 was mainly due to the 3Q18 scheduled maintenance shutdown that impacted mines and surface plants. The scheduled shutdown included the completion of the Atmospheric Emission Reduction (AER) project.

    Production from the Thompson mines reached 1,9001 in 3Q18, 3,9001 lower than in 2Q18. In 3Q18, Thompson transitioned fully to a mine and mill operation and its concentrate will be processed in Sudbury for the foreseeable future. In 3Q18 Thompsons finished nickel production was impacted as Thompson's feed was not processed during Sudbury's scheduled maintenance. Production from the Voisey's Bay mine reached 8,400 t in 3Q18, 1,100 t lower than in 2Q18. The decrease was mainly due to the strategic decision to decrease production output to extend the mine's lifespan to match the Voysey's Bay Mine Extension - VBME underground development schedule. Production at the Long Harbour processing plant reached 8,3001 in 3Q18, 600 t lower than in 2Q18 as a result of the scheduled maintenance shutdown in August 2018.

    Indonesian operation
    PTVI nickel in matte production reached 18,800 t in 3Q18, in line with 2Q18. Production of finished nickel from PTVI reached 20,6001 in 3Q18, 15.7% higher than in 2Q18. The increase was mainly due to having established healthy feed stock inventory levels in previous periods, therefore Clydach consumed PTVI source material at high rates without compromising future production. PTVI source feed represents a primary source of feed at Class I Clydach rather than at our Class II Utility Nickel refineries. This represents a longer route to market but aims to maximize production of higher value carbonyl Class I products, in line with Vale's margin optimization strategy for the nickel business.

    New Caledonia operation (VNC)
    All the viable options for a stable and profitable operation that may lead to a sustainable business in the long haul are being assessed. Vale is supportive of its New Caledonian business and is currently studying options that, among other alternatives, include a revamped mining plan to enhance value generation from the asset and explore its cobalt potential in support of the EV batteries market. Vale is aiming to reach a decision on which alternative will be followed, possibly until the end of this year.

    Production of NiO and NHC (nickel oxide and nickel hydroxide cake) at the VNC site (prior to shipping to Dalian in China for refining) was 6,900 t in 3Q18, 8% lower than in 2Q18. The decrease was mainly related to lower ore deliveries from the mine and refinery limitations. Additional trucks were added to the mining fleet in September to increase mine production in 4Q18. NiO accounted for 86% and NHC for 14% of VNC's 3Q18 site production.

    Production of finished products from VNC source material reached 7,500 t in 3Q18, 20.2% lower than in 2Q18. Production was lower as higher levels of NiO were sent to Dalian to be refined into Utility Nickel during 3Q18, whereas in 2Q18 part of NiO was sold directly to the market in response to product demand, including in the EV battery supply chain. The difference in the time required to have nickel oxide sold immediately to the market as a saleable product and the lead time required to transport and refine it into Utility Nickel at the Dalian refinery were factors that reduced VNC source production in 3Q18.

    Brazilian operation (Onga Puma)
    Production from the Onga Puma operation reached 6,100 t in 3Q18, 8.9% higher than 2Q18. Production was higher than in 2Q18 due to greater furnace availability.

    Source : Strategic Research Institute
  17. forum rang 10 voda 24 oktober 2018 21:24
    Producers see strongest nickel market in many years

    A Perth analyst says 2018 will go down as the first time since mid-2012 that the majority of global nickel production became economic on a cash basis. Addressing the Paydirt 2018 Australian Nickel Conference in Perth today, Alto Capital senior analyst, Carey Smith, said the surprise outcome was best reflected in a poll conducted during this month’s London Metals Exchange (LME) week which identified nickel as the base metal with the greatest potential in 2019.

    “The quarterly average of nickel price and C1 costs has seen the nickel price finally rise above the 90th percentile of C1 costs,” Smith said. And the commodity’s production costs are only likely to increase going forward, as fuel and labour costs for example continue to rise. But margins have improved, allowing many mining projects to finally become economic along with improved consumption, with annual consumption growth between 2010 and 2018 averaging 5.8% per annum.

    “LME stocks continue to fall however from a peak of 470,000 t of contained metal in June 2015 to just 220,000 t currently – a 53% collapse in global inventory and matched by other metals exchange trends.”

    The Alto principal said the nickel market however continued to evolve as a changing beast.

    “Ten years ago, nickel sulphide feed accounted for ~55% of nickel production or around ~750,000 t,” Smith said. “In 2018, it reduced to 700,000 t from 805,000 t in 2015 and is becoming less important in the global nickel market. That ore decline is likely to continue with expectations of nickel sulphides only commanding 33% of global consumption in 2018.”

    The market changes also took into account the substantive increased production – in China and Indonesia particularly but also elsewhere – of nickel pig iron (NPI) which had seen NPI output rise from 25,000 t in 2006 to 650,000 t in 2018.

    Indonesia and China are expected to produce around 350,000 t of NPI, each, in 2020, even within tighter environmental regulations.

    China was further contributing to the changing global nickel market by halving nickel laterite imports between late in 2013 and mid 2017 – only to see China laterite port stocks double since March this year to around 14 Mt at an average grade of 0.8% Ni.

    In stainless steel, a key consumer of nickel, while China remained the dominate producer at over 60% of stainless steel production, environmental, cost pressures and cheaper imports were likely to restrain its future growth.

    This is benefitting Indonesia particularly which is becoming the “new force” in Asia in stainless steel market and would emerge over 2018 as the region’s largest stainless steel exporter.

    Smith cautioned against future stainless steel production, a sector he said continued to show strong growth but with production now at more than 50 Mt/y, risked the real possibility of over-supply.

    At the same conference, Independence Group (IGO), one of Australia’s most successful nickel producers, Managing Director, Peter Bradford also noted that decreasing stockpiles and growth in global stainless steel demand will move nickel prices higher as the commodity becomes the big winner from the electric vehicle demand disruption.

    Not only will that demand spurt require an additional 300,000 to 900,000 t of nickel within seven years, but it will also underpin a much stronger outlook over FY19 for IGO’s newest nickel mine, the Nova Operation in Western Australia’s Fraser Range (orebody shown in the picture).

    Bradford, said there was considerable potential to improve the cost profile of Nova over 2019 after the mine in June successfully completed its first full year of commercial production. “Nova is expected to deliver increased production and lower costs in FY19 after the mine in June successfully completed its first full year of commercial production.”

    The Nova mining lease has been the subject of the largest 3D seismic program ever undertaken in Australia, with Bradford describing the Fraser Range as “extremely fertile”.

    IGO is currently undertaking downstream processing studies to further enhance value at Nova as well as further exploration in the Fraser Range of Western Australia, assigning a A$51 million exploration budget for FY19.

    The company is working to further evolve the downstream processing potential from its broader Nova assets, to produce nickel and cobalt sulphates for EV batteries. “This strategy can deliver IGO the potential for higher payability, premier prices and higher concentrator recoveries,” Bradford said.

    “EV lithium ion battery cathodes with higher nickel content are the key to enabling higher energy density, and that broadens our opportunity for Nova to emerge as a stable supplier of minerals critical to clean energy storage.”

    Source : Strategic Research Institute
  18. forum rang 10 voda 31 oktober 2018 19:06
    Tradewinds Impex director fined for false declarations in stainless steel export documents

    Straits Times reported that a director of a wholesale trade company was fined SGD 48,000 for making false statements in document applications for goods worth about SGD 1.2 million. Singaporean Chetan Rasiklal Sheth, 63, made the false statements while applying for certificates of origin for the export of 22 shipments of stainless steel coils and sheets with a value of SGD 1,255,390. He was exporting goods for his company, Tradewinds Impex, to India. A certificate of origin is a trade document that identifies the origin of the goods.

    Singapore Customs, in a statement, said that it launched investigations into the company after receiving information that it was facilitating the evasion of anti-dumping duties in India.

    Investigations revealed that between September 2014 and July 2015, Chetan had made false statements to the Singapore Indian Chamber of Commerce and Industry and the Singapore Malay Chamber of Commerce and Industry.

    Mr Chetan had declared that the stainless steel coils and sheets originated from countries such as Japan, Malaysia and Turkey when the goods had, in fact, originated from Thailand, Italy, India and the United States.

    Chetan applied for the certificates under the instruction of a man whom he met during his business trip to India in 2014.

    Source : Straits Times
  19. forum rang 10 voda 31 oktober 2018 19:18
    Jindal Stainless Hisar announces Q2 results

    The unaudited financial results of Q2 and HI FY19 were taken on record by the Board of Directors of Jindal Stainless (Hisar) Limited. The production volumes for Q2 stood at 0.17 million tonnes, registering an increase of 6% over the previous quarter. The company witnessed an increase of 5% in revenue, up from INR 2,133 crore in Q1FY19 to INR 2,229 crore in Q2FY19.

    Voor cijfers (in crore), zie pdf.

    Managing Director, JSHL, Abhyuday Jindal, said, "Our sustained focus on downstream value addition has enabled us to report a 10% growth in the production output of the Specialty Products Division. This helped offset the impact of fluctuations in raw material prices. Along with catering to the specialised needs of railways, automobiles and other sectors, we are focusing on expanding the use of stainless steel in long products, and other applications such as roofing and solar power generation equipment. This, along with our consistent operational performance, has helped us register a PAT of Rs. 62 crores in Q2FY19. This is despite the unfavourable macro-economic situation faced by the stainless steel industry in India".

    In H1FY19, the production volume stood at 0.33 million tonnes, down by 5% YoY, due to maintained emphasis on increased production of niche and value added products during the first half of H1FY19. The upward trend of power and fuel costs, clubbed with steep increase in prices of electrodes, led to an impact on the net revenue and EBIDTA of the company, during both Q2 and HI FY19. EBIDTA per ton in Q2FY19 was maintained at the same level as corresponding period last year on account of increased proportion of value added mix in the product basket.

    Source : Strategic Research Institute
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