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Aandeel ArcelorMittal AEX:MT.NL, LU1598757687

  • 28,390 16 sep 2021 17:35
  • -0,385 (-1,34%) Dagrange 28,390 - 28,985
  • 4.726.897 Gem. (3M) 5,2M

Nieuws en info hier plaatsen (deel 4)

28.136 Posts
Pagina: «« 1 ... 1084 1085 1086 1087 1088 ... 1407 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 22 oktober 2019 19:05
    ArcelorMittal adds Fortiform 980 Extragal Steel Grade for Further Auto Weight Savings

    As automakers are challenged to improve safety and fuel economy, they continue to search for new materials to meet higher performance demand of body structures. ArcelorMittal is joining our automotive partners in taking that challenge seriously, adding to its family of advanced high strength steels (AHSS) for the auto industry with the development of Fortiform® 980 Extragal® (-GI) in North America. With the second generation of steels, body engineers had some limitations in using the higher strength grades for parts that play a role in energy absorption or parts that were complex in shape. The use of Fortiform® eliminates this limitation. Fortiform® 980 Extragal® is compatible with the current welding systems used in the industry. The product was engineered to mitigate the challenges typical of higher strength AHSS such as liquid metal embrittlement and optimum weld strength. ArcelorMittal has studied four welding types of resistance spot-welding, laser welding, MIG brazing and gas metal arc welding with no signs of surface cracks in critical zones.

    Hassan Ghassemi-Armaki and Qaiser Khan presented details of ArcelorMittal’s new Fortiform® 980 Extragal® steel grade at the 2019 Great Designs in Steel conference earlier this year. The new steel grade was showcased in the presentation titled “On the advantages of Fortiform® 980 GI - A third generation AHSS grade with superior weldability” presented by authors, Ghassemi-Armaki, Khan and Shri Aditya Varanasi from ArcelorMittal USA, at the 2019 Great Designs in Steels (GDIS) conference earlier this year. The presentation also discusses the axial crush results of this grade for different gauges and weld pitch combinations.

    Fortiform® 980 Extragal® joins grades Fortiform® 1050 (available in Europe only) and Fortiform® 1180. The successful launch of these AHSS grades over the past six years is further proof that steel is the most sustainable, adaptable and most affordable material to help automakers produce lighter vehicles and achieve their weight reduction targets on-time without compromising strength and safety. It demonstrates that ArcelorMittal has an unwavering focus on delivering value to the industry and the products it needs into the future.

    Fortiform® 980 Extragal® is currently available in North America only. It will be launched in Europe soon.

    Source : Strategic Research Institute
  2. forum rang 10 voda 22 oktober 2019 19:07
    Metinvest Issues Dual-Currency Bonds & Extends Maturity Profile

    Metinvest has successfully completed the transaction to extend the maturity of its outstanding Eurobonds. The Group’s debut dual-currency offering, consisting of tranches denominated in US dollars and euros, has helped to effectively extend the maturity of USD 440 million of the USD 944,515,000 Eurobonds due in 2023 by 6.5 years, while the net proceeds from the deal amounted to roughly USD350 million. The deal received strong support from the global investor community and top European financial institutions.

    The Group conducted two simultaneously interdependent transactions:
    A tender offer for the USD 944,515,000 Eurobonds due in 2023 to purchase for cash up to USD440 million of the paper
    A new dual-currency Eurobond offering, including a USD500 million 10-year tranche at 7.75% per annum and a EUR300 million long 5-year tranche at 5.625% per annum

    Notably, the dollar-denominated tranche is Metinvest’s longest to date with the lowest yield ever secured by the Group. The debut euro-denominated tranche was issued at the lowest yield ever achieved by any Ukrainian issuers in euros (including the sovereign), and helped Metinvest to diversify the currency mix of its debt portfolio. It also helped to significantly diversify the investor base and further improve investor quality.

    Most of the bond investors came from the US, the UK and continental Europe. The investor distribution by region for the dollar-denominated tranche was: US – 55%, Europe – 22%, UK – 21% and CIS – 2%. The euro-denominated tranche’s distribution was: UK – 39%, Europe – 29%, US – 23% and Asia – 9%.

    Deutsche Bank, Natixis and UniCredit acted as Joint Bookrunners of the new bond offering and Joint Dealer Managers for the tender offer. On the legal side, Allen & Overy and Avellum advised Metinvest, while Linklaters and Sayenko Kharenko supported the bookrunners.

    Source : Strategic Research Institute
  3. forum rang 10 voda 22 oktober 2019 19:07
    Mr Nikolai Tikhomirov Appointed as Advisor to GD of Severstal Management

    Mr Georgy Shevtsov resigned as Advisor to the Director General of Severstal Management JSC to concentrate on his deputy activities in the Legislative Assembly of the Vologda Oblast. Mr Nikolai Tikhomirov was appointed Advisor to the General Director of Severstal Management JSC, who until September 2019 was a member of the Federation Council of the Federal Assembly of the Russian Federation from the executive branch of the Vologda Region.

    Nikolai Vasilyevich Tikhomirov was born in 1952 in the village of Pokrovskoye, Sheksninsky District, Vologda Region. After graduating from high school No 2 of Cherepovets in 1969, he worked as a student of an electrician, an electrician in the central factory laboratory of the Cherepovets Metallurgical Plant. From 1970 to 1972 he served in the Soviet Army. At the end of his military service, he returned to his former place of work in the CPL. He combined his career with studies and in 1979 successfully graduated from the North-West Polytechnic Institute with a degree in electrical engineer. In 1979, he was elected deputy secretary, then secretary of the Komsomol committee of the metallurgical plant. In March 1987, he was elected second secretary of the Cherepovets City Committee of the CPSU. In April 1988, he was transferred to work in the Vologda Regional Committee of the CPSU and approved as the head of the department of metallurgical and chemical industries. In November 1988, he was elected second, and in June 1989 - First Secretary of the Cherepovets City Committee of the CPSU. From September 1991 to June 1996 he worked at Severstal OJSC as a director of a hotel under construction. From June 1996 to December 2001, he was the Human Resources Director at Severstal.

    Source : Strategic Research Institute
  4. forum rang 10 voda 22 oktober 2019 19:08
    Ambica Steels is International Automotive Task Force Certified for Automotive Industry

    Stainless steel long product manufacturer Ambica Steels Limited has recently became International Automotive Task Force IATF 16949:2016 certified. The certificate further increases credibility of the company as a supplier to the automotive industry.
    an ISO 9001:2015 certified based out of India. The company was established in 1970 with an annual production capacity of 10,000 MT.

    IATF 16949 has become a key requirement for suppliers catering to the automobile industry. IATF 16949 accreditation reiterates the company's commitment to customer focused approach.

    With a current melting capacity of 80,000 tonnes, Ambica Steels Limited has grown to become one of the leading stainless steel manufacturing companies in India.

    Source : Strategic Research Institute
  5. forum rang 10 voda 22 oktober 2019 21:10
    'Werkgelegenheidspact met Tata Steel'

    Door de aangekondigde bezuinigingen bij Tata Steel Europe dreigen er 2500 banen verloren te gaan. Het staalbedrijf wil €830 mln bezuinigen om de malaise op de staalmarkt op te vangen, zo werd maandag bekend.

    De vakbonden in Nederland zijn ongerust, maar wijzen ook op een 'werkgelegenheidspact' dat met Tata Steel Nederland is gesloten. Dit pact, dat loopt tot 2021, stelt dat bezuinigingen worden opgevangen met natuurlijk verloop. Gedwongen ontslagen zijn uitgesloten.

    Zowel CNV Vakmensen als FNV Metaal Tata Steel vinden het nog erg vroeg om conclusies te verbinden aan de berichten. 'Alleen het bedrag van €170 mln is bekendgemaakt', zegt Peter Böeseken, bestuurder bij CNV Vakmensen. 'Wat het precies moet worden voor Nederland horen wij als vakbonden formeel pas eind volgende maand.'

    Böeseken 'kan' en 'gaat' daar verder nog niets over zeggen. 'Behalve dan dat we eventuele gevolgen geheel volgens dat gesloten pact zullen behandelen. En daar zullen we Tata zeker aan houden.' Ook FNV Metaal Tata Steel ziet 'geen reden' om van dat werkgelegenheidspact af te wijken.

    Pamflet
    Voorzitter van FNV Metaal Tata Steel IJmuiden, John de Vries, verwijst naar een pamflet dat FNV naar aanleiding van de aangekondigde bezuiniging naar de medewerkers in IJmuiden heeft verstuurd. Daarin schrijft de vakbond dat op dit moment te weinig informatie bekend is om inhoudelijk te kunnen reageren.

    Wel onderkent de vakbond dat er productieproblemen zijn en dat de markt op dit moment niet goed is. Maar volgens de FNV kampt de markt met een 'gewone dip die we geregeld doormaken en die zich daarna weer herstelt'. Daarbij wijt de vakbond productieproblemen bij de staalfabrikant aan het feit dat er jarenlang 'verkeerd beleid' is gevoerd. Volgens de vakbond is er sprake van bezuinigingen op onderhoud, een hoge mate van bureaucratie en slecht personeelsbeleid.

    Van de 9000 werknemers bij Tata Steel in IJmuiden, zijn zo'n 4000 personeelsleden lid van de FNV.

    fd.nl/ondernemen/1321375/werkgelegenh...
  6. forum rang 10 voda 23 oktober 2019 16:33
    Tata Steel Europe Wants to Cut Costs & Jobs – Report

    Dutch media NH News, based on a staff memo, reported that Tata Steel Europe plans to cut costs across Europe for a total of EUR 830 million. The Central Works Council, the workers’ union, said the cost-cutting measures could lead to job losses for around 2,500 employees in Velsen, France, England and Belgium. A specific amount is not mentioned but mention is made of reducing staff costs by EUR 170 million. The total amount of spending cuts in the Netherlands may therefore be even higher.

    The central works council calls the announced cuts disproportionate, because it would not be necessary financially for the Dutch branch. Trade union manager Peter Böeseken of CNV Vakmensen says in an answer that an agreement has been made with the company about employment, which would apply until 2021. The trade union wants to keep Tata Steel there.

    Source : Dutch media NH News
  7. forum rang 10 voda 23 oktober 2019 16:33
    Essar Steel SC Hearing Update

    Bloomberg reported that day four of the Essar Steel insolvency hearing saw Standard Chartered continue its argument against the Committee of Creditors’ decision to treat it differently from other financial creditors of the company. Standard Chartered questioned the basis of this distinction on the grounds that the Insolvency and Bankruptcy Code does not recognize this basis of classification between financial creditors. Standard Chartered argued that the insolvency code makes distinction of only financial and operational creditors and nowhere does it make a further distinction between financial creditors during the resolution process. Calling the manner of distribution of claims from the winning bid of ArcelorMittal “illegal” and “arbitrary”, Senior Advocate Kapil Sibal who was arguing for Standard Chartered said the basis of distribution adopted by the creditors’ committee was meant to benefit only select financial creditors.

    Sibal, however, said even if it is assumed that there can be differential treatment of financial creditors, then such a classification should only be on the basis of liquidation value of the security enjoyed by the creditor and this should be applied to all the creditors.

    Standard Chartered also questioned the decision of the Committee of Creditors to set up a subcommittee which they had authorised to carry out negotiations with ArcelorMittal during the insolvency resolution process. Sibal argued that during the insolvency process, his clients had objected to the formation of this sub-committee as they believed its purpose was to keep Standard Chartered out of crucial decisions despite being a member of the CoC.

    The Committee of Creditors has defended its treatment of Standard Chartered on the grounds that financial creditors are entitled to their claims depending on the nature of securities they hold. On the third day of the hearing, the CoC argued that the security cover of Standard Chartered was only 0.7 percent of its total claim, which in fair value terms comes to around Rs 24 crore. Despite that, the CoC said they allotted around Rs 60 crore to Standard Chartered, much higher than the security on the credit it had extended.
    The Supreme Court bench led by Justice Rohinton Nariman will continue hearing the arguments today.

    Source : Bloomberg
  8. forum rang 10 voda 23 oktober 2019 16:34
    Indian Domestic HR Steel Prices Drop Below Anti-Dumping Duty Levels - Icra

    According to an Icra report, Indian domestic hot-rolled coil have corrected steeply, dropping below the ADD stipulated level for the first time in the second week of October 2019. Icra said in its report that “As per the definitive ADD imposed on certain flat steel products in May 2017, which are valid till August 2021, the threshold price for HRC stands at USD 489 per tonne (about INR 34,719 per tonne at USD/INR exchange rate of 71), which in turn sets a floor price for the domestic HRC. India’s HRC prices fell to a 34-month low of Rs 34,250 per tonne in the second week of October and have fallen by 16 per cent in the current fiscal, following lacklustre demand from the key end-user industries.”

    Icra further noted that the difference between domestic and imported HRC prices has widened in recent months with the current local HRC prices trading at a discount of 13 per cent to landed prices.

    Source : Business Standard
  9. forum rang 10 voda 23 oktober 2019 16:35
    Mr Sanjeev Gupta Renews Talks for British Steel – Sky News

    Sky News reported that Liberty House Group is in renewed discussions about a takeover of UK’s second-biggest steel producer British Steel. As per Sky News report Mr Sanjeev Gupta's Liberty House Group, which is part of his family holding company GFG Alliance, has reignited talks with the government about a takeover of British Steel amid mounting concerns over the prospects for a deal financed by Turkey’s military pension fund. Sources said the discussions had accelerated ahead of the expiry later this week of an exclusivity period granted by the Official Receiver to Ataer Holding, a subsidiary of Turkey's Oyak.

    The intervention of Mr Gupta's company underscores the ongoing uncertainty about the future ownership of British Steel, which collapsed into compulsory liquidation in May.

    The OR has been attempting to finalize a deal for the loss-making company since then, and in August granted Ataer a ten-week window within which it would not talk to other prospective buyers. That restriction did not, however, apply to the Department for Business, Energy and Industrial Strategy.

    Source : Sky News
  10. forum rang 10 voda 23 oktober 2019 16:36
    India Starts CVD Probe on Flat Stainless Steel from Indonesia

    India has begun an anti-subsidy investigation into flat stainless steel products imported from Indonesia. India’s Director General Trade Remedies Vide Initiation Notification Case No. 01 (CVD)- 05 /2019 on 18th October announced the probe, based on a petition from Indian Stainless Steel Development Association, Jindal Stainless Limited, Jindal Stainless (Hisar) Limited and Jindal Stainless Steelway Limited.

    Product under consideration - The product under consideration in the present investigation is “Flat Rolled Products of Stainless Steel, excluding the following
    a. Blade Steel, or commercially known as razor blade grade steel used in the production of razor
    b. Coin Blank falling under 73269099 used in the production of monetary coins.

    Product under consideration can be transacted in a number of different forms, such as coils, sheets, plates, circles, strips or otherwise. All forms of the product are within the scope of the product under consideration.

    The product under consideration falls under customs sub-heading nos. 7219 and 7220 of Chapter 72 of the Customs Tariff Act, 1975. The classification is, however, indicative only and in no way binding on the scope of the present investigations.

    The period of investigation in the present investigation is April 2018- March 2019. The injury investigation period will, however, cover the periods 2015-16, 2016-17, 2017-18 and the period of investigation.

    Incidentally, on 3rd July 219, DGTR has initiated anti-dumping investigation concerning imports of Flat Rolled Products of Stainless Steel from China PR, Korea RP, European Union, Japan, Taiwan, Indonesia, USA, Thailand, South Africa, UAE, Hong Kong, Singapore, Mexico, Vietnam and Malaysia.

    Source : Strategic Research Institute
  11. forum rang 10 voda 23 oktober 2019 16:37
    ED Summons Bhushan Steel Promoter Mr Neeraj Singhal over Iqbal Mirchi Case

    As per media reports the Enforcement Directorate has summoned Mr Neeraj Singhal, a former promoter of Bhushan Steel, in connection with the Iqbal Mirchi case on October 25. The ED got to know of the dealing with Iqbal Mirchi's family after a search and seizure led to the possession of a Bhushan Steel company receipt for a money transfer.
    The ED sought to know about the financial transaction with Iqbal Mirchi's family. It could have taken place somewhere between 2010-11 through an associate company where Neeraj Sighal was the director.

    Bhushan Steel is under the investigation in various investigation agencies including Central Bureau of Investigation and Serious Fraud of Investigation Office. Tata steel has bought this company from Insolvency proceedings.

    Source : Strategic Research Institute
  12. forum rang 10 voda 23 oktober 2019 16:39
    19 Global Steel Associations Speak Out on Overcapacity

    Nineteen steel industry associations in the Americas, Europe, Africa and Asia are calling for the governments of steelmaking economies to take a stand on 'persistent global excess capacity' in the steel sector. The 19 associations in question want strong rules and remedies that reduce excess capacity, its impact and its causes and have emphasized that governments should use all available mechanisms and negotiation forums at their disposable, including the G20 Global Forum on Steel excess capacity. They said "We are grateful for the efforts made to date by the G20 and OECD governments to address excess capacity, and to support a level playing field at the G20 Global Forum on Steel Excess Capacity and OECD Steel Committee. Unfortunately, effective reductions in capacity and concrete actions to remove government measures that distort markets, including raw materials markets , have not been adequate to date. Efforts by governments to eliminate practices that lead to excess capacity should be redoubled. We are hopeful that the diligent efforts of Japan, the current G20 Chair, are successful in extending the G20 Global Forum on Steel Excess Capacity beyond 2019, and we urge all G20 and OECD steelmaking economies to pursue vigorous means to obtain substantive results on the critical problem of steel excess capacity."

    The chief demands from the associations are as follows:-

    1. Ensure the reduction of excess capacity.

    2. Eliminate market-distorting subsidies and other support measures that contribute to excess capacity.

    3. Uphold effective trade remedies to ensure a level playing-field driven by market forces.

    4. Support stronger international rules against subsidies and preferences to state-controlled enterprises.

    5. Enhance transparency and co-operation.

    6. Create robust mechanisms to facilitate the exit of inefficient firms.

    The 19 steel associations behind the statement are:-
    Steel Manufacturers Association (SMA)
    American Iron and Steel Institute (AISI)
    EUROFER (European Steel Association)
    Canadian Steel Producers Association (CSPA)
    CANACERO (The Mexican Steel Association)
    Alacero (The Latin American Steel Association)
    Brazil Steel Institute
    Turkish Steel Producers Association
    Republican Association of Mining and Metallurgical Enterprises (AMME)
    The Japan Iron and Steel Federation (JISF)
    European Steel Tub Association (ESTA)
    Korea Iron and Steel Association (KOSA)
    Speciality Steel Industry of North America (SSINA)
    South African Iron and Steel Institute (SAISI)
    The Cold Formed Steel Bar Institute (CFSBI)
    Association of Enterprise UKRMETALURGPROM (Ukraine)
    Russian Steel Association
    Indian Steel Association
    The Committee on Pipe and Tube Imports (CPTI)

    Source : Strategic Research Institute
  13. forum rang 10 voda 23 oktober 2019 16:39
    Tokyo Steel Keeps Steel Prices for November Sales Unchanged

    Reuters reported that Japan’s top electric-arc furnace steelmaker Tokyo Steel Manufacturing Co Ltd will hold all steel product prices unchanged in November. For November, prices for steel bars, including rebar, will remain at JPY 62,000 (USD 571) a tonne, while its mainstay H-shaped beams will stay at JPY 83,000 (USD 765) a tonne. It said “Domestic steel market is becoming active but it was taking longer than expected to trim stocks in steel sheets. Weakening overseas steel prices and cheaper offers on import products weigh on local steel markets.”

    Tokyo Steel has cut all steel product prices in October by about 2%-4% to reflect sluggish overseas markets hit by prolonged US China trade row.

    Source : Reuters
  14. forum rang 10 voda 23 oktober 2019 16:43
    Oyak Wants British Steel’s Supply Contracts Revised - Bloomberg

    Bloomberg, citing a person familiar with the matter, reported that Turkish Oyak Group’s acquisition of British Steel depends on lowering the cost of contracts the British Steel holds with its suppliers as the due diligence undertaken by Oyak’s Ataer Holding unit over the past two months found that some supply deals were uncompetitive

    British Steel was put into liquidation in May, just three years after being acquired by private equity firm Greybull Capital LLP for 1 pound. Oyak, which co-owns steelmakers in Turkey, was the preferred buyer after making an acceptable offer. Oyak Group, which manages military pensions, entered exclusive talks in August to buy British Steel, the first step in a rescue that could save about 5,000 jobs in the UK’s manufacturing heartland.

    Source : Strategic Research Institute
  15. forum rang 10 voda 23 oktober 2019 16:44
    US Patent and Trademark Office Awards 2 Patents to Emirates Steel

    Emirates Steel has received two patents from the United States Patent and Trademark Office. Emirates Steel received two patents for its innovations in power conversion and in continuous casting methods to produce a single casting strand. The first patent enables a method and a system for the control of a power converter, through using artificial intelligence to avoid electrical disturbances to manufacturing equipment. The innovation enables a higher stability of converting electricity from the power grid to manufacturing facilities, and has applications for the renewable energies industry alongside industrial applications. The second patent uses a method of continuously casting two or more long strands using a single continuous twin casting strand, which comprises of two-sub-strands. The new technology enables a more effective and stable production process which allows for a better quality of finished product.

    The patents are a result of Emirates Steel’s continued investment in its innovation capabilities, in line with the company’s vision to lead both the regional and international steel industry through innovative development. The innovations, which have taken around one year each to develop, will enable the company to enhance its offering of high quality steel product to customers around the world. Within the teams working on these two innovations were UAE nationals, demonstrating Emirates Steel’s commitment to building local talent in the steel sector.

    Source : Strategic Research Institute
  16. forum rang 10 voda 23 oktober 2019 16:45
    GMS Market Commentary on Shipbreaking in Week 42 - Lacking Stability!

    Following a brief few weeks of positivity, subcontinent markets are once again embarking on a dispiriting downwards descent, with End Buyers withdrawing their offers amidst declining levels from India, Bangladesh and Pakistan. There appears to be little stability to cling on to, with Local Recyclers nervous about further declines ahead and prevaricating over an imminent influx of tonnage through the last quarter of 2019 / first quarter of 2020, that is just over the horizon. Notwithstanding, present-day reality is that there are very few vessels being currently proposed for demolition, with all charter markets, particularly, larger LDT tankers, that are currently flying. Moreover, scrap pricing almost seems to be in a complete contradiction to the trading markets, with worrying fundamentals underpinning an overall larger malaise at play in the subcontinent markets and Turkey, to a good extent.

    Currencies, especially in both India and Pakistan, have taken a battering over the course of the year, especially the Indian Rupee, which has depreciated by almost 2% over the past couple of months alone, whilst local steel plate prices have declined alarmingly in all locations over the summer / monsoon months, by about USD 75/LDT.

    On the one hand, during the peak of the market earlier this year, industry players were frequently witnessing trades into the mid (and higher) USD 400s/LDT; on the other hand, we have (of late) seen several fixtures (admittedly on poorer units) in the low USD 300s/LDT.

    As such, given the overall performance of the industry, a healthy majority of End Buyers in the subcontinent markets are simply choosing to not offer at all – struggling either with their banking limits, or fearful about the lack of stability that is continually festering in the various subcontinent recycling markets.

    Finally, the Turkish market seems to be making a confusing bounce back of sorts, with one fundamental weakening as the other one gradually firms – all through which, prices remain staggered as demand remains excruciatingly pervasive.


    Source : Strategic Research Institute
  17. forum rang 10 voda 23 oktober 2019 16:45
    PALSP Demands Ban on Steel Import into Pakistan via Land Route

    The News reported that Pakistan’s steel industry has requested the government to only allow steel import via the seaports, and ban steel import through the land route, as smuggling of the metal continues from Iran and Afghanistan under the garb of some certain rules. According to the Pakistan Association of Large Steel Procurers, Iran does not allow export of meltable or re-rollable scrap, and only prime material is exported without any proof of payment through banking channels. PALSP said “This practice amounts to money laundering and illegal exports of currency. This is dangerous in view of the Financial Action Task Force Regime that Pakistan is struggling to comply with.”

    PALSP has also informed the Senate Standing Committee for Commerce, Textile and Industry, which is going to take up the matter, that the unlawful practice of bringing steel bars/steel girders/channel from Iran and suppression of quantity per trailer and miss declaration of goods declaration have resulted in incalculable loss to the local, revenue generating steel industry.

    The association has written a letter to Prime Minister Imran Khan, PM’s Adviser on Industries, Textile and Investments Razzak Dawood, Federal Board of Revenue (FBR) Chairman Shabbar Zaidi, and Senate Standing Committee for Commerce, Textile and Industry Chairman Senator Mirza Muhammad Afridi.

    Source : The News
  18. forum rang 10 voda 23 oktober 2019 16:46
    Russian Steel Demand Growth seen at 1-2% in 2020 – Moody’s

    Moody’s reported that the growth rates of steel demand in Russia will slow down to 1-2% in 2020 following an abnormally high growth in 2019. They said “The sharp growth of demand to 4-5% in 2019 was mainly due to non-recurring factors and is not stable. The growth rates of steel demand in Russia in 2020 will equal 1-2% due to weak growth in the majority of key steel production sectors. Businesses’ confidence in the construction sector, which is the main domestic steel buyer, still remains low, though it has increased compared with 2018.”

    Moody’s added “The Russian government’s plans to boost residential construction by 50% by 2024 and upgrade infrastructure can trigger domestic steel demand, though the progress is minor as of today.”

    Source : Strategic Research Institute
  19. forum rang 10 voda 23 oktober 2019 16:55
    Iranian Steel Exports in H1 Rise to 5.8 Million Tonnes – ISPA

    According to the Iranian Steel Producers Association's latest report, Iran’s export of semi-finished steel was at 4.02 million tonnes in H1, up 43% YoY, while that of finished steel products increased 37% to reach 1.87 million tonnes. A total of 5.89 million tonnes of finished and semi-finished steel products were exported from Iran during the first half of the current Iranian year (March 21-September 22) to register a 40.84% YoY increase,

    Billet and bloom had the lion’s share of semis exports with an aggregate of 2.96 million tonnes to mark an 88% rise YoY. Slab followed with 1.05 million tonnes, down 15% YoY. Exports of finished steel products increased 37% YOY to reach 1.87 million tonnes. Long steel products had the biggest share of finished products exports with a total of 1.39 million tonnes (74.52%) to register a 67% growth YoY.

    Source : Financial Tribune
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