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Home  /  Forum  /  Arcelor Mittal  /  Nieuws en info hier plaatsen (deel 4)

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Aandeel ArcelorMittal AEX:MT.NL, LU1598757687

  • 23,640 24 apr 2024 17:35
  • 0,000 (0,00%) Dagrange 23,550 - 23,950
  • 2.185.626 Gem. (3M) 2,5M

Nieuws en info hier plaatsen (deel 4)

35.173 Posts
Pagina: «« 1 ... 910 911 912 913 914 ... 1759 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 17 december 2018 16:58
    Nigeria approves USD 1 billion for Ajaokuta steel project

    Guardian reported that the Senate has approved USD 1 billion to be spent from the Federal Government share of the Excess Crude Account on the completion of the Ajaokuta Steel Company. It equally sanctioned that all loans and grants relating to the project be accommodated. The resolution followed the passage of the Ajaokuta Steel Company Completion Fund Bill 2018. The piece of legislation, which had earlier been passed by the House of Representatives, stated that the funds should be applied by the minister subject to appropriation by the National Assembly.

    The Deputy Senate President, Ike Ekweremadu, who presided over the session, said the bill, when become law, would facilitate the completion of the project.

    The upper chamber of the National Assembly also adopted the Presidential Program on Rehabilitation and Reintegration (Establishment and Implementation) Bill 2018.

    The document provides legal instrument for implementation of the Presidential Amnesty Program in the area of disarmament, demobilisation and reintegration.

    However, the chamber has been told of how the nation currently owes international oil companies (IOCs) USD 5.1 billion in the joint venture cash call business arrangement.

    This comes even as the Nigerian National Petroleum Corporation denied alleged mismanagement of the USD 3.2 billion drawn from the Nigeria Liquefied Natural Gas (NLNG) dividend account from 2015 till date.

    Briefing the Committee on Gas, NNPC’s Chief Financial Officer, Isiaka Abdulrasaq, noted that the country controls 60 per cent of the business venture while the rest 40 per cent goes to the IOCs.

    Source : Guardian
  2. forum rang 10 voda 17 december 2018 17:07
    Trump Trade War - Replacing tariffs with quotas is worse for US energy

    Mr Merrill Matthews wrote in The Hill that the Trump administration may soon switch tactics in its trade war. Administration officials are considering lifting their highly unpopular 25% tariff on steel imported from Mexico and Canada and may impose quotas instead that would restrict how much steel US firms can buy from Mexico and Canada. Quotas may seem like a subtler way to impede trade, but in reality they could be even more damaging.

    The tariffs have enraged our Mexican and Canadian allies and imposed higher steel costs on US businesses and consumers. US energy companies, in particular, have suffered since many of the specialized steel parts used in oil and gas pipelines must be imported from abroad.

    North American energy trade depends primarily on pipelines to swiftly and safely transport huge amounts of fuel across the country and across borders. And those pipelines depend on steel imports, which the administration began taxing last spring in the hope that higher-cost imports would force American firms to buy domestic steel. But for the energy industry, buying domestic often isn’t an option. American steel manufacturers don’t produce many of the parts required for energy infrastructure projects. Only three steel mills make 30-inch thick pipes, and the thickest, highest grade pipes aren’t available anywhere in the United States. That’s why US energy firms import 77% of the steel they use for pipelines.

    Source : The Hill
  3. forum rang 10 voda 17 december 2018 17:19
    Closure of NMDC donimalai mine will have limited impact - JSW Steel

    Bloomberg Quint reported that JSW Steel Ltd said the possible closure of state-run National Mineral Development Corporation Ltd’s Donimalai mine in Karnataka will have a limited impact on sourcing of iron ore. India’s largest steelmaker tried to allay concerns of analysts visiting its Vijayanagar plant. JSW Steel highlighted that in the event of closure of the facility, ore production in Karnataka could be lower by 3.5 million tonne in 2018-19. This, it said, would be more than compensated by NMDC’s existing inventory and JSW Steel’s captive sourcing.

    Ratings agency ICRA had said that that the suspension of the mine could increase ore prices in the southern state, raising costs of Karnataka-based steel mills.

    In November, NMDC suspended the production of iron ore from its Donimalai mine following the decision of Karnataka government to impose 80 percent premium on the iron ore sales from the mine.

    Source : Bloomberg Quint
  4. forum rang 10 voda 17 december 2018 17:19
    Jianbang Group’s MBF based steel JV inaugurated in Pakistan

    The News reported that Jianbang Group of China and a well-established group of Pakistan have installed the first ever pig iron plant at Port Qasim Karachi under a joint venture. Jianbang Group Chairman Wu Xianonian inaugurated the plant on Saturday. The company produces 5,000 tonens per month, whereas plant capacity stands at 8,000 tonnes per month. A blast furnace of 60 cubic meters has been installed

    The company also aims to install billet plant in future.

    Source : The News
  5. forum rang 10 voda 17 december 2018 17:20
    Chinese HBIS Group to invest USD 4.4 billion in Philippine Mindanao steel plant

    The Philippine Star reported that HBIS Group Co Ltd is set to invest USD 4.4 billion to build an integrated steel complex in Mindanao. During the signing of the memorandum of understanding for the implementation of the project, Trade Secretary Ramon Lopez said the amount to be spent by HBIS would be the biggest industrial investment from China to the Philippines. The MOU was signed by HBIS chairman Mr Yu Yong, Huili Investment Fund Co Ltd chairman Mr Meng Xiaosu, Steel Asia Manufacturing Corp. chairman and chief executive officer Mr Bejamin Yao, Defense Secretary Mr Delfin Lorenzana, and Board of Investments managing head Mr Ceferino Rodolfo.

    The project to be implemented by the parties, will occupy a 305-hectare land inside the PHIVIDEC Industrial estate in Mindanao. It will have facilities related to port operation, sintering, coking, pelletizing, iron-making, steel-making and steel rolling. Phase 1 of the project covers the production of 4.5 million tonnes of hot rolled coils and 600,000 tonnes of slabs with USD 3 billion worth of investments, while phase 2 involves increasing the steel manufacturing capacity to eight million metric tons.

    Construction and ramp-up period of the project is expected to take three to five years.

    Source : Phil Star
  6. forum rang 10 voda 17 december 2018 17:30
    SAIL focussing on ramping up production

    Steel Authority of India Ltd has clocked its best ever Hot Metal production in a single day at 55282 Tonnes on 13th December. The Company is ramping up production from new units and is focussed on operating at its rated capacity after the commissioning of all its new blast furnaces at three of its integrated steel plants – Durga, Rourkela Steel Plant, Kalyani, IISCO Steel Plant and Mahamaya, Bhilai Steel Plant. SAIL’s previous best production was of 54786 Tonnes was achieved on 24th November this year.

    Along with the Company’s best ever production, SAIL’s Rourkela Steel Plant (RSP) also set a new benchmark by producing 13051 Tonnes of Hot Metal on 13th December 2018. The previous best of 12622 tonnes was recorded on 8th June 2018. RSP’s recently rebuilt Blast Furnace-1, Parvati, which also happens to be SAIL’s first Blast Furnace and new Blast Furnace- 5, Durga were the major contributors in scripting this success story.

    SAIL Chairman Mr Anil Kumar Chaudhary has been continually stressing on the need to ramp up production from the new units. During his several large group interactions with employees at various SAIL units, he has been laying emphasis on increasing the production volumes and operating at rated capacities.

    Source : Strategic Research Institute
  7. forum rang 10 voda 17 december 2018 19:25
    Iran's iron ore concentrate output in 8 months

    Financial Tribune reported that Iran produced 29.64 million tonnes of iron ore concentrate in the first eight months of the current fiscal year (March 21-Nov. 21), to register a 19% growth compared with last year's corresponding period. According to the Iranian Mines and Mining Industries Development and Renovation Organization’s latest report, Golgohar Mining and Industrial Complex accounted for 10.6 million tonnes of the total output, followed by Chadormalu Mining and Industrial Complex with 6 million tonnes, Iran Central Iron Ore Company with 3.55 million tons and Middle East Mines and Mining Industries Development Holding Company with 3.34 million tonnes.

    Other producers were Goharzamin Iron Ore Company with 2.96 million tonnes, Opal Parsian Sangan with 1.93 million tonnes, National Development Company with 914,447 tonnes and Jalalabad Iron Ore Complex with 325,144 tonnes.

    Source : Financial Tribune
  8. forum rang 10 voda 17 december 2018 19:30
    Waste heat from steel works Unterwellenborn is supposed to heat households

    Waste heat from the steelworks in Unterwellenborn could in the future help heat thousands of flats in the district of Saalfeld-Rudolstadt.The company, the state-owned energy and green-tech agency and the TWS Thüringer Wärme Service GmbH are starting a feasibility study, as they announced on Thursday. The study will determine how the waste heat can be fed into the district heating network in the most affordable and technically feasible way. The plant claims to produce 900,000 tons of steel per year. This not only consumes a lot of energy, it also creates a lot of heat. Production manager Frank Wagner said that the steelworks has been looking for solutions for some time to make this waste heat affordable. Results of the study will be available in the course of the year 2019.

    The use of waste heat from steel production, but also from the ceramics, glass and paper industry, according to the energy and Greentech agency allows savings on a large scale. In Thuringia, which has a population of two million, around 500,000 households could be supplied with it.

    Source : Strategic Research Institute
  9. forum rang 10 voda 18 december 2018 17:11
    Danieli to upgrade 2 blast furnaces at Ural Steel plant of Metalloinvest

    Metalloinvest has commenced the technical re-equipping of blast furnaces #2 and #3 at Ural Steel. In order to be able to function with maximum efficiency for an extended period of time, the blast furnaces will be equipped with a cooling and lining system using high-heat copper cooling plates combined with graphite refractories. Metalloinvest awarded a contract to Danieli Corus for a large-scale technical overhaul of two blast furnaces at Ural Steel in Novotroitsk, Russia. The shells of BF #2 and #3 will be replaced along with the furnace lining and new automated control systems will be installed for first and second tier technological processes. Also, automation will be installed for natural gas injection.

    Both furnaces will retain their current support systems. At BF #3, a modern Danieli top charging unit with a DANCU distributor will be installed. This is a hydraulics-driven, chute-type distributor with a minimum number of moving parts, for maximum availability.

    To maximize performance during their next campaigns, a Danieli Corus cooling and lining system based on high-conductivity graphite refractories and copper cooling plates will be installed. This design offers the proven longest campaign life capability.

    The increased hot metal production efficiency coming from this upgrade will be an important step in the development of Ural Steel.

    Source : Strategic Research Institute
  10. forum rang 10 voda 18 december 2018 17:11
    Ms Elena Lobodina is new GD NLMK Trading

    NLMK Group announced the appointment of Elena Lobodina as General Director (CEO) of NLMK Trading. Before joining NLMK, Elena Lobodina was General Manager at Gazprom Marketing and Trading, where she was responsible for business development. Prior to that, Elena worked in various management positions at TNK-BP, where she was engaged in sales, logistics, and the Company's development strategy. Prior to her appointment to TNK-BP, she worked for an investment company. Elena graduated from Moscow State University and holds a Master's Degree from INSEAD Business School.

    Elena’s key challenges will include the development of NLMK Group’s customer service across global markets and the introduction of best practices in sales business processes.

    NLMK Trading manages NLMK Group’s export deliveries. The Company’s sales policy is focused on working with end consumers.

    Source : Strategic Research Institute
  11. forum rang 10 voda 18 december 2018 17:12
    JSW Steel commissions pellet plant at Monnet Ispat

    Business Line reported that JSW Steel has restarted production at the two million tonne per annum pellet plant at Monnet Ispat and Energy and ramped up the Direct Reduced Iron (DRI) production to its optimal capacity to bring down the cost. Mr Seshagiri Rao, Joint Managing Director, JSW Steel told Business Line that “When DRI plant was operating at lower capacity Monnet was buying iron ore and pellet from open market and now the cost will come down after commissioning of the pellet plant. While DRI plant is working at its full capacity, the pellet is now operating at 60% utilisation and will be ramped up progressively, he added.

    He added “In the second leg, some of the facilities such as blast furnace, melt shop and bar mill that were shut down due to want of fund will be re-commissioned next month. In the third phase, incomplete projects including expansion of melt shop and plate mill will be taken up and the asset will turn profitable in two years.”

    JSW Steel along with Aion Investments acquired Monnet Ispat in September in an insolvency driven process. The combine, which was the only bidder for Monnet asset, paid INR 2,875 crore while Monnet owed banks INR 11,000 crore.

    Source : Business Line
  12. forum rang 10 voda 18 december 2018 17:13
    Essar Steel Asia says SC order no bar on its offer

    Financial Express reported Essar Steel Asia Holdings argued on Monday that the Supreme Court’s October order does not bar the National Company Law Tribunal or the Essar Steel lenders from considering the settlement offer proposed by it ‘for and on behalf of Essar Steel. Responding to earlier arguments made by the committee of creditors (CoC) that the SC’s order only allowed for submission of plans by ArcelorMittal and Numetal and that the one by the Ruias was beyond the SC’s judgment, counsel for ESAHL, Mihir Joshi, said “The Supreme Court Order has only decided on the eligibility of the bidders before it.”

    Mr Joshi argued that the SC’s directions under Article 142 can only be read in the context of issues and parties before the SC and cannot adversely affect the rights of third parties which were not before the Supreme Court, such as ESAHL. He said it was highly unusual for CoC to not even consider a proposal, which is higher than the best resolution plan by INR 12,000 crore and ensures full repayment to all the creditors.

    The Ahmedabad bench of the NCLT will continue to hear arguments on Tuesday.

    Source : Financial Express
  13. forum rang 10 voda 18 december 2018 17:14
    JSW USA restarts Ohio steel EAF

    JSW USA has restarted its Mingo Junction, Ohio, electric arc furnace and cast its first slabs in more than nine years. The steelmaker said it successfully melted and continuously slab cast our first heat on 12/14/2018 and had launched the mill into regular production. It said "We are producing CSB - 1006 (commercial quality grade) initially and will move onto the structural steels and HSLA (high strength low alloy) grades throughout the month of December.”

    JSW announced the acquisition of the mill in March for USD 80.85 million. The facility had its 1.6 million st/year EAF originally installed in 2004, but has not been in operation since 2009. JSW USA had been producing hot-rolled coil with Brazilian slab at the mill's hot-strip mill throughout 2018 as the restart of the EAF was rescheduled several times.

    Source : Strategic Research Institute
  14. forum rang 10 voda 18 december 2018 17:14
    thyssenkrupp and Tata Steel announce executive leadership for the planned JV


    Tata Steel and thyssenkrupp have decided on the members of the future Management Board for the planned European steel Joint Venture between the two companies. Tata Steel and thyssenkrupp AG signed definitive agreements in June 2018 to combine their European steel businesses in a 50/50 Joint Venture. The proposed new company, to be named thyssenkrupp Tata Steel B.V., headquartered in the Amsterdam area will be positioned as a leading pan-European high-quality flat steel producer with a strong focus on performance, quality and technology leadership. The Joint Venture is subject to merger control clearance in several jurisdictions, including in the European Union.

    Andreas Goss, currently Chief Executive Officer (CEO) of thyssenkrupp's Steel division, will be the future Chief Executive Officer of the planned Joint Venture and chair the Management Board of thyssenkrupp Tata Steel BV. Hans Fischer, currently the CEO of Tata Steel Europe, will be the Deputy CEO & Chief Technology Officer of the Joint Venture. Sandip Biswas, currently the Group Executive Vice President Finance of Tata Steel Limited is the designated Chief Financial Officer while Premal Desai currently the Chief Financial Officer of thyssenkrupp Steel Europe will be the Chief Strategy Officer of the Joint Venture. Apart from the above appointments, it is planned to announce the next management level for the Joint Venture early in the new year. The Management Board and the future top leadership team will be responsible for the planning and execution of the post merger integration and the long term business strategy after the planned Joint Venture has received the necessary regulatory approvals and after closing.

    Both companies remain committed to constructive engagement with the European Commission as part of the ongoing regulatory review process. Both parties are working together to ensure the success of this transaction as soon as possible.

    Until the completion of the Joint Venture process, thyssenkrupp Steel Europe and Tata Steel in Europe will continue to operate as separate companies and as competitors and the incumbent organisation of the respective companies will continue to operate as currently. The members of the designated Management Board will continue in their existing roles within their businesses until the formation of the Joint Venture post all regulatory approvals.

    Source : Strategic Research Institute
  15. forum rang 10 voda 18 december 2018 17:15
    GMS Market Commentary on Shipbreaking in India in Week 50 - INFAMOUSLY VOLATILE!

    Local steel prices in India continue to display their jagged volatility – often up and down by USD 10/Ton from one week to the next and this week was no different. Making matters worse, even the INR has now seemed to inherit this trait as the Rupee once again depreciated to excess INR 72.60 against the US Dollar during the week, ending it at just under INR 72. As has been the case in Bangladesh over the recent past, emergent L/C difficulties are now persisting in India as well and this has been one of the chief struggles for Cash Buyers who have been attempting to sell their tonnage into Alang of late.

    In terms of supply, there has been a steady flow of strictly green and offshore tonnage to keep Alang Buyers occupied and this has been a good thing, as for the most part, Indian Recyclers have not been too keen on competing with their subcontinent neighbors on the higher-priced tonnage being offered in the market that has eventually charted a course towards Bangladesh.

    Source : Strategic Research Institute
  16. forum rang 10 voda 18 december 2018 17:16
    Chinese banned Induction Furnaces relocating to Indonesia and Philippines

    According to an analysis done by Reuters, China’s discarded induction furnaces have made their way to Indonesia and Philippines fueling safety and environmental concerns. The Philippines and Indonesia have seen an influx of these furnaces since China prohibited their use for steelmaking in June 2017, eliminating 140 million tonnes of capacity as both nations are big steel importers with fast-growing economies are ideal markets for these IFs that produce cheaper steel. But some big Indonesian and Philippines steelmakers claim that IF-produced steel does not meet national quality standards and poses a major risk in these countries that are prone to earthquakes and typhoons. They have urged their governments to ban IFs. Unlike electric arc furnaces, IFs have limited or no capacity to remove impurities in the process of producing steel, resulting in inconsistent product quality. Since most IFs in the two countries produce rebar, rival steelmakers say that poses safety hazards.

    Mr Rosberto Cola, VP of leading Philippine steelmaker Steel Asia Manufacturing Corp and president of the Philippine Iron and Steel Institute, said “In the Philippines, the rebar market is under attack from IF producers which sell the product 20% cheaper than those from electric arc furnaces. The total capacity of IFs in the Philippines has surged to 400,000-500,000 tonnes from 150,000-200,000 tonnes two years ago.”

    Mr Silmy Karim CEO of top Indonesian steelmaker PT Krakatau Steel and chairman of the Indonesian Iron and Steel Association said “In Indonesia, after China banned IFs, the furnaces were imported by factories to reduce steelmaking costs at the expense of safety. Imagine, Indonesia is an epicentre for earthquakes, so we must be vigilant. They must be prohibited. In Indonesia, 30-40 percent of domestic rebar producers use Ifs.”

    Mr Chu Duc Khai, vice chairman of the Vietnam Steel Association, said Vietnam has not seen any movement of IFs from China since the latter banned the furnaces in 2017. The government is not allowing new investment in IFs.”

    Mr Wikrom Vajragupta, chairman of the Thailand Iron and Steel Industry Club, said “There are also no new IF investments in Thailand with the rebar market there facing overcapacity, making it unattractive for new entrants.”

    The ASEAN Iron and Steel Council (AISC), which counts as members Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam, had called on Southeast Asian governments to prohibit the entry of obsolete induction furnace facilities from China to their countries in January 2018. It said "We would like to voice our concern over a recent development in the iron and steel industry in ASEAN, whereby obsolete induction furnace facilities are being moved from China into the region to produce sub-standard quality carbon steel products.”

    Source : Reuters
  17. forum rang 10 voda 18 december 2018 17:16
    Easa Husain Al-Yousifi & Sons opens Kuwait Global Steel Services Factory

    Kuwait Times reported that Easa Husain Al-Yousifi & Sons Real Estate Company announced the opening of Kuwait Global Steel Services Factory at a ceremony held on December 5th, in the factory location in Amghara Industrial area with the presence of large number of the company’s officials and managers and guests from contracting and engineering consultation companies.This ceremony was also attended by a group of officials of governmental bodies and number of journalists and media professionals.

    This facility is the first in the State of Kuwait and the only one of its type that is specialized in cutting, shaping and bending steel. Moreover, it is the only facility that uses computers and electronic machines in its operations to protect and preserve the environment through reducing the pollution and ferrous waste and scrap resulting from the provision of these services.

    This factory is one of the new vital projects in the State of Kuwait that will supplement the other industrial projects. Its production capacity will be more than one hundred and twenty thousand tons of steel a year. Dr Adel Easa Al-Yousufi, Senior Vice Chairman of the Board of Directors, delivered a speech in which he welcomed the attendees and informed them on the strategic objectives for the establishment of such facility and his future vision for the industry in Kuwait. Moreover, Managing Partner of the factory, Carlo Micoli made a statement explaining the importance and advantages of state-of-the-art technologies used by this facility that would contribute to the expeditious completion and reeducation of costs and accuracy of work.

    In the Conclusion, the attendees of the ceremony made a tour in the factory to get insight on how modern machineries are working. The gathering was impressed by the organization of the factory and the expeditious completion of the works that will contribute to the development of industrial and construction sector in Kuwait.

    Source : Kuwait Times
  18. forum rang 10 voda 18 december 2018 19:29
    AISI update on Raw Steel Production in US in Week 50

    In the week ending on December 15, 2018, domestic raw steel production was 1,890,000 net tons while the capability utilization rate was 80.6 percent. Production was 1,676,000 net tons in the week ending December 15, 2017 while the capability utilization then was 71.9 percent. The current week production represents a 12.8 percent increase from the same period in the previous year. Production for the week ending December 15, 2018 is up 0.7 percent from the previous week ending December 8, 2018 when production was 1,876,000 net tons and the rate of capability utilization was 80.0 percent.

    Adjusted year-to-date production through December 15, 2018 was 91,294,000 net tons, at a capability utilization rate of 78.2 percent. That is up 6.0 percent from the 86,131,000 net tons during the same period last year, when the capability utilization rate was 74.0 percent.

    Broken down by districts, here's production for the week ending December 15, 2018 in thousands of net tons: North East: 216; Great Lakes: 726; Midwest: 191; Southern: 676 and Western: 81 for a total of 1890.

    Source : Strategic Research Institute
  19. forum rang 10 voda 18 december 2018 19:30
    BlueScope not keen on Labor’s 90pct mandated steel target

    Illawarra Mercury reported that Port Kembla steelmaker BlueScope is not keen on Labor's promise to introduce a 90% mandate for steel usage on government projects. BlueScope prefers allowing it to compete on a level playing field rather than being given a leg-up via mandated minimums. A BlueScope spokesman said “We want to ensure a level playing field and that Australian companies get a fair go when it comes to winning contracts. We support policies to ensure steel products used in Australia meet quality and safety standards. We also believe government procurement policies should take into account the economic and social benefits of purchasing locally made goods. And it is important that designers use project specifications that allow Australian products to compete on a level playing field.”

    Part of NSW Labor’s policy platform heading into the March 2019 state election is a promise to ensure government infrastructure projects use at least 90% Australian-made steel. The definition excludes imported steel that is value-added in Australia, a process the current government had counted as Australian steel. It’s a target the party had adopted in the wake of the 2015 steel crisis as a way of protecting the industry.

    Wollongong MP Paul Scully said “The 90% was set by Labor speaking with industry stakeholders, producers and fabricators and we think that was a reasonable benchmark to be set. We would hope that at every possible opportunity a construction company or fabricator would seek to exceed that 90%.There would be an added cost to government from mandating Australian steel. A Labor-commissioned IBS Shrapnel report looked at the Liberal government’s infrastructure expenditure at the time and estimated that extra cost to be around 0.2%.”

    Source : Illawarra Mercury
  20. forum rang 10 voda 18 december 2018 19:30
    Trump Trade War - Saudi steel industry working for exemption

    Argaam reported that the Council of Saudi Chambers’ National Committee for Steel Industry is working on the exemption of Saudi steel products from the 25 percent US tax. Committee’s chairman Raed Al Ajaji said “National Committee for Steel Industry is cooperating with the Secretariat General of the Gulf Cooperation Council on the same.”

    Mr Ajaji added that he expects positive results.

    Source : Argaam
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