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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

  • 23,830 19 apr 2024 17:35
  • +0,030 (+0,13%) Dagrange 23,440 - 23,880
  • 2.845.773 Gem. (3M) 2,4M

Nieuws en info hier plaatsen (deel 4)

35.173 Posts
Pagina: «« 1 ... 1177 1178 1179 1180 1181 ... 1759 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 27 mei 2020 16:38
    Mechel Reports Operational Results for Q1 of 2020

    Leading Russian mining and metals company Mechel announced operational results for Q1 of 2020. Mechel PAO’s Chief Executive Officer Oleg Korzhov said “Today we can safely say that the spread of COVID-19 in 1Q2020 had no significant impact on our production and sales. In the mining division that was largely due to our proactive work on extending annual contracts with our Asian customers throughout 2019. We also shifted supply schedules for long-term contracts and redistributed sales geography for certain products where needed. We shipped off volumes planned for 1Q2020 through our sales network. We expect that sales performance targets for the second quarter will also be met. For several accounting periods, prices have maintained fairly high volatility. At the same time, in May we have noted a trend for stronger global prices for our key product, coking coal concentrate, which we consider a positive market factor. Despite the pandemic, the steel division’s sales remained stable in 1Q2020. We foresee a negative impact on sales in 2Q2020. April-May is the traditional time for a spike in demand from construction and steel sales companies, but with ubiquitous restrictive measures in place, we have seen no expected sales increase in early second quarter.”

    Voor cijfers, zie pdf.

    Source : Strategic Research Institute,
    Bijlage:
  2. forum rang 10 voda 27 mei 2020 16:38
    JSPL Update on Global Ventures

    During 4QFY20, Jindal Shadeed recorded production of 0.57 million tonnes of steel as against 0.45 million tonnes in 4QFY19. Oman business reported revenues at USD 268 million and EBITDA at USD 63.8 million. For the financial year ending March’20, Jindal Shadeed reported production at 1.87 million tonnes and sales at 1.88 million tonnes. The Revenues and EBITDA for FY20 came at USD 910 million vs USD1019 million in FY19 and USD 138 million Vs USD 181 million in FY19 respectively.

    Mozambique: During this quarter, the mine at Chirodzi produced 591KT ROM up 14% YoY. The Mozambique operations continued to ramp up production this year and ended FY20 at 2.5 million tonnes,rise of 47% compared to 1.71 million tonnes in FY19. Mozambique operations reported EBITDA at USD 2 million for 4QFY20 and USD10.4 million for FY20.

    Australia: During 4QFY20, both Wongawilli & Russell Vale mines remained under care & maintenance. In the reported quarter, JSPAL and WCL pursued their restructuring proposal with the NSW Supreme Court to restructure the debt and make it more sustainable. WCL continues to work towards securing the approval for its Russell Vale mines.

    Source : Strategic Research Institute
  3. forum rang 10 voda 27 mei 2020 16:39
    US Steel Production Capacity Utiliztion in Week 21 Improves WoW

    American Institute of Iron & Steel announced that in the week ending on May 23, 2020, domestic raw steel production was 1,191,000 net tons while the capability utilization rate was 53.2 percent. Production was 1,880,000 net tons in the week ending May 23, 2019 while the capability utilization then was 80.8 percent. The current week production represents a 36.6 percent decrease from the same period in the previous year. Production for the week ending May 23, 2020 is up 0.8 percent from the previous week ending May 16, 2020 when production was 1,181,000 net tons and the rate of capability utilization was 52.7 percent.

    Adjusted year-to-date production through May 23, 2020 was 33,231,000 net tons, at a capability utilization rate of 70.3 percent. That is down 14.7 percent from the 38,978,000 net tons during the same period last year, when the capability utilization rate was 81.4 percent.

    Broken down by districts, here's production for the week ending May 23, 2020 in thousands of net tons: North East: 93; Great Lakes: 395; Midwest: 127; Southern: 517 and Western: 59 for a total of 1191.

    Source : Strategic Research Institute
  4. forum rang 10 voda 1 juni 2020 08:08
    Dear Voda,

    We are sorry you couldn’t make it to the Kallanish Global Steel Markets webinar last Wednesday. For your convenience, we have made a recording available here so you can watch it at any time. At the end of the conference, there were a few questions which we didn’t have time to answer. Please see the answers shared below from the Kallanish editorial team.

    Q: What is your view on energy transition in the steel sector in the post pandemic world? Will it gain pace or slow down?

    A: On one side it could slow down because many steelmakers will have less capital to invest in the transformation of their sites. On the other hand, though, climate change and CO2 emission reductions will remain central therefore it is likely the overall strategy from steelmakers will continue to be toward greener solutions. Interesting to notice also that EAF production could benefit due to its flexibility and steelmaking using scrap is often seen as the first step to reduce significantly CO2 emission.

    Q: Do you have any updates on EU quota rates for imports and additional duty for Turkey?

    A: The situation is rapidly evolving. What we can say is that many importers are stopping their orders because they fear lower safeguard quotas and the possible registration process for Turkish HRC ahead of temporary measures.

    Q: Which European steel using sector will recover first?
    A: From what we can see at the moment in Europe the construction industry is recovering more rapidly than other sectors. Automotive will remain strongly under pressure until at least the end of the current year as consumers demand has collapsed and governments seem to be more successful in investing in infrastructure and constructions.

    Q: Where does the US election fit in to all this?

    A: Simply - no clear place. Prior to the Covid-19 crisis, the US election dominated news cycles and policy decisions, cap-ex discussions and possible synergy/merger considerations. All those discussions are now coloured by the post-Covid-19 world. No matter who wins in November, here’s a short summary of some things - on the policy front - that will likely stay the same. The 232s have been derided by Biden, but they are a fundamentally protectionist and thus Democratic policy tool. I wouldn’t expect a wholesale rollback of the current tariffs, but I would expect to see more laurels tossed to traditional allies like the EU and Canada in the event of a Biden presidency. In a Trump presidency, I’d expect we’d see more of the same. Both candidates have been pouring bad rhetoric on China, so I wouldn’t expect any of the trade deals floated by the Trump campaign during his first term to be fully realised. The biggest changes are likely to be seen on the environmental and regulatory front. A Biden presidency will likely mean a bigger push for green steel and green energy, while a Trump presidency would represent a more “all of the above” strategy. Long-term, the US steel industry must go as green as possible - it’s only going to make more and more economic sense as technology improves and global standards tighten.

    Q: Is China’s steel market strong enough to sustain such high iron ore prices?

    A: The recent increase in iron ore prices to close to $100/dry metric tonne cfr Qingdao has been driven by two factors: disrupted Brazilian supply; and strong Chinese demand. On the Brazilian side of the equation, the mismanagement of the coronavirus and its rapid spread has replaced the weather as a key concern. Although mines have for the most part not been shut down, workforces have been disrupted and that is expected to continue in the near future. In China meanwhile, steel production is nearing record levels, again. Although the level of stimulus announced during the ‘two sessions’ fell short of expectations, it still injected trillions of yuan into the economy. The first signs of weakness emerged in recent days with a slowdown in the decline of steel inventories. Steelmakers remain profitable however, and so are likely to continue producing at high levels for weeks to come. That could mean China’s iron ore port stocks continue to deplete and iron ore prices could be supported. By the end of the year, the iron ore market should be much looser on both the supply and demand fronts. In the coming weeks however, support for high iron ore prices looks stubbornly persistent.

    Q: Will the implementation of Egypt’s additional 10% import tax have a significant impact on trade flows from Turkey?

    A: As far as hot rolled flat products are concerned, the imposition of an additional tariff by Egypt will be somewhat of a blow to Turkish suppliers as Egypt has been of growing importance for them so far in 2020. Turkey exported 108,435 tonnes of HS code 7208 to Egypt in the first quarter, which is 433,740t annualised for 2020. This compares to 286,643t in full-year 2019. Covid-19 would have of course curbed Egyptian imports anyway, with or without additional taxes, but this shows Egypt was a growing market for Turkish flats in Q1. When demand recovers in Egypt, however, it is questionable whether it will be satisfied completely by Ezz Steel, the only local producer of hot rolled flats. Imports may continue to be necessary. Some traders believe the extra cost from the duty will simply be passed on to consumers. Nevertheless, a number of traders are reported to be refusing to work with Egypt because of the unreliability of buyers there as well as credit availability issues. This has been an issue for CIS billet suppliers for some time.
    Rebar imports, meanwhile, have been levied by Egypt with an anti-dumping duty since 2017 and with an additional safeguard measure since last year, meaning they have effectively dropped to zero.

    » View the webinar again

    If you enjoyed this webinar and are keen to know what we have planned, here is a list of our upcoming webinars to keep an eye out for.
    South East Asia Steel Markets Webinar - July Edition
    Scrap and Iron Ore Webinar - June Edition
    Global Steel Markets Webinar - June Edition
    Plus, don't forget we have two conferences (postponed from earlier in the year) to mark in your diary.
    Asia Steel Markets - Ho Chi Minh City - 3-4 November 2020
    Europe Steel Markets - Milan - 24-25 November 2020
    As always, I look forward to hearing your feedback.
    Sincerely,

    Caroline Macmillan
    Director
    Kallanish Commodities
    marketing@kallanish.com
    Copyright © 2020 Kallanish Ltd, All rights reserved.

    Our headquarters is:
    Britannia House, 1-11 Glenthorne Road, Hammersmith, London, W6 0LH, UK
  5. forum rang 10 voda 3 juni 2020 13:41
    Hyundai Steel Halts Production at Dangjin Works

    Yonhap reported that South Korea's No 2 steelmaker Hyundai Steel has halted production of its electric arc furnace plant on South Korea's western coast due to weak demand. The company said some operations were halted at the Danjin Integrated Steelworks, 123 kilometers south of Seoul, starting this week. It said orders have dwindled to near zero for June.

    Industry observers said that unless the global pandemic comes under control and there is a rebound in the market, Hyundai Steel and others will have to shutter more operations to reduce costs.

    Source : Strategic Research Institute
  6. forum rang 10 voda 3 juni 2020 13:42
    British Steel to Halts Production at Special Profiles Mill in Skinningrove

    British Steel announced that Covid-19 continues to have a major impact on people and businesses across the world and British Steel is working hard to overcome the challenges we and our customers face. It said “Trading conditions in our markets remain challenging, including for products manufactured by our Special Profiles business in Skinningrove. Earlier this year we paused production at our Special Profiles mill in Skinningrove for three weeks and employees returned to work in April. Since then they’ve continued to produce the high-quality products the mill is renowned for, ensuring we can service market demand. However, as the market remains tough, we’ve now taken the decision to again temporarily pause production at Skinningrove for three weeks, starting on Saturday June 13. While a small number of employees will remain on site, around 300 of our people will be furloughed. We appreciate this will be a worrying time for our people, particularly those in our Special Profiles business, but this is a temporary measure and, like last time,– we’ll look to resume production at the earliest opportunity.”

    It added “We thank all our employees for their continued commitment and flexibility. This has been a challenging time for all of us, and we couldn’t have continued to safely fulfil customer orders and support the UK’s economic recovery without their dedication. We also thank Jingye for their unwavering commitment to the business, as well as our customers, suppliers and contractors, trade union colleagues and the Government for their valuable support.”

    Source : Strategic Research Institute
  7. forum rang 10 voda 3 juni 2020 13:45
    JSW Steel Reports Recovery in Production in May 2020

    JSW Steel Limited has ramped up its capacity utilisation in May 2020 to an average of 83% from 38% in the month of April 2020.

    The break-up of production is as below

    Zie pdf.

    The Company is aiming to improve capacity utilisation gradually in the coming months.

    Source : Strategic Research Institute
    Bijlage:
  8. forum rang 10 voda 3 juni 2020 13:45
    Mr Pradip Kumar Tripathi Takes Charge as Steel Secretary

    Mr Pradip Kumar Tripathi, IAS has taken over as Secretary, Ministry of Steel. Mr Tripathi succeeds Binoy Kumar, who superannuated on May 31, 2020. In April, the government had appointed Tripathi as Steel Secretary. He is an IAS officer of 1987 batch of Jammu and Kashmir cadre.

    Prior to this, Mr Tripathi had been posted as Special Secretary and Establishment Officer in Department of Personnel and Training.

    Source : Strategic Research Institute
  9. forum rang 10 voda 3 juni 2020 13:46
    SSAB, LKAB & Vattenfall closer to production of Fossil-Free Steel on Industrial Scale

    SSAB, LKAB and Vattenfall are taking the next important step to be the first in the world with a value chain for fossil-free steel. Within the framework of the HYBRIT initiative, preparations are now under way for the construction of a demonstration plant on an industrial scale, and consultations have begun for deciding on placement of the plant in Norrbotten in Sweden. The plan is for construction to start in 2023, with the goal of taking the plant into operation in 2025. The intention is to be able to demonstrate full-scale production with a capacity of just over one million metric tonnes of iron per year, i.e., 20% of LKAB’s total processing capacity at Malmberget and almost half of the production capacity of SSAB’s blast furnace in Luleå. The goal is to be first in the world to produce fossil-free steel as early as 2026.

    HYBRIT is now starting an investigation into the selection of a location for the demonstration plant. Parallel consultations are being launched at two sites in Sweden: the Vitåfors industrial estate in Gällivare Municipality, where LKAB has mining operations, and the Svartön industrial estate in Luleå, where facilities including SSAB’s steel mill and LKAB’s ore port are located.

    The purpose is to consult and conduct an open dialog about the location and design of the plant ahead of the upcoming selection of the site and permit application. Consultation with government agencies, organizations and the public will begin in June and conclude in September 2020. The choice of location will have a major impact on future competitiveness and climate benefits. Investment decisions will be made once the authorization procedure and other investigations have been completed.

    HYBRIT’s pilot phase will run in parallel with the demonstration phase. In Luleå, the pilot plant for fossil-free steel will be fully constructed during the summer, and preparations are also under way to initiate construction of a temporary hydrogen store in order to test the technology for storing hydrogen in caverns.

    Source : Strategic Research Institute
  10. forum rang 10 voda 3 juni 2020 13:46
    Brazilian Steelmakers Seek Government Support against US tariffs

    Bnamericas reported that Brazilian steelmakers are asking President Jair Bolsonaro to push for a reduction of the US steel and aluminum tariffs. Valor Econômico newspaper quoted steel association IABr head Marco Polo de Mello Lopes as saying "Export is the major alternative for the sector. We made a special request to the government to talk to make the US market more flexible."

    Bolsonaro met with industry representatives on Monday, including Polo de Mello Lopes, and responding to the demand talked about the issue with US President Donald Trump via phone.

    Source : Strategic Research Institute
  11. forum rang 10 voda 3 juni 2020 13:47
    Trump's Threats Undermine American Democracy - USW

    United Steelworkers International President Tom Conway, in response to President Trump's threats to deploy the military against peaceful protesters, said "Our nation continues to be torn apart as a result of the persistent, unlawful and unchecked violence against people of color. Now our president finally decided to leave the safety of his White House bunker and address the nation in person instead of through his Twitter account. Yet rather than choosing to de-escalate the tensions or deliver a message of unity that recognizes the nation's pain about the ongoing racism and victimization of our fellow citizens at the hands of the police, he instead decided to fan the flames. The president of the United States yesterday threatened to amass the military against the protesting citizens and to send armed soldiers into our states, whether the states want them or not. We cannot underestimate the danger in his threats.”

    He said "When a leader threatens to use the military to quiet our nation's voice of protest, to quell our First Amendment rights, then we are all on shaky ground. We cannot tolerate this sort of intimidation, for those who would seek to quiet even a single voice will find any excuse to do so again and again.”

    He added "Our labor movement does not and has never supported the destruction of property that unfortunately has taken place under the cover of these lawful and righteous protests.”

    Source : Strategic Research Institute
  12. forum rang 10 voda 3 juni 2020 13:48
    Fitch Affirms Chelpipe at 'BB-'; Outlook Stable

    Fitch Ratings has affirmed PJSC Chelyabinsk Pipe Plant's Long-Term Issuer Default Rating at 'BB-', with Stable Outlook. The rating affirmation reflects our opinion that Chelpipe's financial headroom is sufficient to overcome the unprecedented pressure on the Russian oil and gas sector over the last decade, due to a combination of the COVID-19 outbreak and record-low oil and gas prices. It said “We believe that headroom within its funds from operations gross leverage (end-2019: 2.9x against our 4x negative sensitivity), cost-cutting initiatives and capex flexibility will help to keep the financial profile commensurate with the current rating.”

    ChelPipe's IDR reflects a solid operational profile with a high share of value-added products (steel pipes), an established customer base, and a top-three incumbent position domestically across major seamless pipes for oil and gas and industrial use. It also benefits from long-term contracts with cost pass-through pricing mechanism covering the majority of revenues and hence providing support to prices but not volumes. The IDR also takes into account ChelPipe's exposure to the Russian economy and to the domestic oil and gas sector, in particular.

    Source : Strategic Research Institute
  13. forum rang 10 voda 3 juni 2020 13:49
    174 Power Global and Gerdau Ink Solar Power PPA

    Leading solar energy company 174 Power Global and Gerdau Long Steel North America announced that the companies have entered into a 20-year Power Purchase Agreement to develop one of the largest behind-the-meter solar facilities in the nation. The 80-megawatt Gerdau Solar project, located adjacent to the Gerdau Midlothian Steel Mill in Midlothian, Texas, will be comprised of more than 231,000 solar panels, spanning more than 700 acres. The BTM system will provide power directly to the Midlothian steel mill, creating cost and energy consumption benefits. The Gerdau Solar project plans to utilize Gerdau’s industry-leading solar beam pilings, offset the emissions of more than 13,000 average Texas households, create more than 200 construction jobs and generate $19 million in tax revenue over the next 30 years.

    Construction on the Gerdau Solar facility is expected to commence by the end of 2020 and be completed at the end of 2021.

    Source : Strategic Research Institute
  14. forum rang 10 voda 3 juni 2020 13:50
    EU Modifies Steel Import Restrictions

    The European Union is looking to reorganise its restrictions on steel imports in a preemptive decision to protect the bloc from majors economic fluctuations as it recovers from the fallout of the coronavirus pandemic. European Commission said in a notice “It is fundamental that the gradual resumption of activity and return to normality take place in an orderly manner, in such a way that all participants in the EU steel market find their traditional place. The proposed adjustments should deter any undue stockpiling behavior in the very early phases of the recovery that could empty the market in an opportunistic manner. These opportunistic practices not only seriously endanger the obligation to preserve traditional trade flows in terms of origins, but also risk unduly displacing domestic production.”

    The measures will see the introduction of a 25% tariff on imports of 26 steel types including stainless hot-rolled, cold-rolled sheets to rebars, and railway material after those shipments surpass the three-year average. The new regime does not include quota-reductions. The importation limits or tariff-rate quotas will see a shift to quarterly management of all country-specific quotas and will replace a global TRW for hot-rolled flat products with combined country-specific quotas for the largest suppliers and residual quotas others.

    The changes are geared to begin on 1 July and will apply to import curbs brought in two years ago to prevent flooding of the European markets after the US introduced a 25% tariff on imports.

    Source : Strategic Research Institute
  15. forum rang 10 voda 3 juni 2020 13:56
    Indian GDP Growth in Jan-Mar Quarter Slips to 3.1%

    Growth in the Indian economy slowed sharply in the January-March period, eventhouh disruptions caused by the novel coronavirusCOVID-19 is hardly captured in the data for the fourth quarter of 2019-20. Ministry of Statistics and Programme Implementation released the data for January to March quarter of the last financial year 2019-20 as well as the provisional estimates of the full-year GDP growth rate. It said that the Indian economy grew by 3.1% in the fourth quarter of FY20 compared to 4.1% in the preceding three months and 4.2% in 2019-20, lowest annual growth rate of GDP registered under the new GDP data series which uses 2011-12 as the base year, showin the continued weakening of India’s growth momentum even before it was hit by the Covid-19 induced lockdown in the last week of March.

    Among key sectors, agriculture and mining remained strong. As such, growth excluding agriculture was weaker. Agriculture sector grew at 5.9% in fourth quarter compared to 3.6% in third quarter. The sector grew 4% for the full year compared to 2.4% in the previous fiscal. The mining sector growth stood at 5.2% in fourth quarter compared to 2.2% in the previous three months. Mining grew 3.1% in 2019-20 against a contraction of 5.8% in the previous year. Manufacturing contracted by 1.4% in fourth quarter compared to a contraction of 0.8% in the previous three-month period. For the full year, the sector grew by 0.03%, compared to 5.7% in 2018-19. Construction contracted by 2.2% in fourth quarter compared to 0.04% in the preceding quarter. The sector grew by 1.3% in the full year compared to 6.1% in 2018-19

    Zie pook pdf.

    Source : Strategic Research Institute
    Bijlage:
  16. forum rang 10 voda 3 juni 2020 13:57
    Tata Steel Europe Promises No Layoffs in Netherland

    Local media reported that there will be no forced layoffs at the Dutch branch of Tata Steel in the reorganization of the Indian steel group. Trade union FNV threatened labor actions if Tata Steel did not comply with existing employment retention agreements. And in response, Tata Steel Europe released a statement stressing that there will be no changes in the status of the structure and agreements that have already been made. The agreement with the unions that there will be no layoffs at Tata Steel in IJmuiden lasts until October next year.

    FNV demanded that these agreements be extended by five years. The Tata Steel Europe statement did not elaborate on that demand.

    The statement from Tata Steel Europe is in response to unrest at the Dutch branch caused by the abrupt departure of IJmuiden CEO Theo Henrar. The official line is that Henrar left of his own accord, but the works council and employees in IJmuiden are convinced he was forced out because of his advocacy for the Dutch branch.

    Source : Strategic Research Institute
  17. forum rang 10 voda 3 juni 2020 13:59
    worldsteel announces the 2019 Steel Sustainability Champions

    The World Steel Association has recognised 9 companies as Steel Sustainability Champions for their work in 2019. The 2019 Steel Sustainability Champions are:

    ArcelorMittal
    BlueScope Steel Limited
    China Steel Corporation
    JSW Steel Limited
    Nippon Steel Corporation
    Tata Steel Europe
    Tata Steel Limited
    Tenaris
    Ternium

    BlueScope Steel Limited, China Steel Corporation and Nippon Steel Corporation are recognised as Champions for the first time. JSW Steel Limited and Ternium are recognised for the second consecutive year. ArcelorMittal, Tata Steel Europe, Tata Steel Limited and Tenaris are recognised for the third consecutive year.

    Now in its third year, the Steel Sustainability Champions Programme commends those steel companies that are most clearly demonstrating their commitment to sustainable development.

    To be recognised, steel companies must
    Commit:Sign the worldsteel Sustainable Development Charter
    Measure:Provide data for 6 of the worldsteel Sustainability Indicators (material efficiency, environmental management systems, lost time injury frequency rate, employee training, investment in new processes and products, economic value distributed) Provide Life Cycle Inventory data to worldsteel’s data collection programme that covers more than 50% of the company’s crude steel production data and is less than 5 years old.
    Act: Publish a sustainability-related report

    Source : Strategic Research Institute
  18. forum rang 10 voda 3 juni 2020 14:00
    China's Official Manufacturing PMI Down Slightly in May

    National Bureau of Statistics announced that the Purchasing Managers Index for China's manufacturing sector eased to 50.6 in May from 50.8 in April while Purchasing Managers Index for China's non-manufacturing sector came in at 53.6 in May, up from 53.2 in April. While much of the economy has now reopened, many manufacturers are struggling with reduced or cancelled overseas orders as global demand falters. Domestic demand also remains depressed amid increased job losses and worries about a second wave of infections.

    China official Manufacturing Purchasing Managers Index provides an early indication each month of economic activities in the Chinese manufacturing sector.It is compiled by China Federation of Logistics & Purchasing and China Logistics Information Centre, based on data collected by the National Bureau of Statistics.Li & Fung Research Centre is responsible for drafting and disseminating the English PMI report. Every month questionnaires are sent to over 700 manufacturing enterprises all over China. The data presented here is compiled from the enterprises responses about their purchasing activities and supply situations. The PMI should be compared to other economic data sources when used in decision-making.

    Source : Strategic Research Institute
  19. forum rang 10 voda 3 juni 2020 14:00
    CSN to Shut Blast Furnace 2

    Companhia Siderúrgica Nacional informed that a temporary shutdown of Blast Furnace 2 was planned, which has a capacity of 1.5 million tonsne per year, aiming to adapt steel production to market demand. The other units of the Company and its subsidiaries in Brazil, Germany and Portugal continue with their normalized activities, with no material operational impacts, respecting the restrictions imposed by local authorities.

    The Company will continue to monitor the situation, keeping the market informed of any relevant new developments.

    Source : Strategic Research Institute
  20. forum rang 10 voda 3 juni 2020 14:33
    SAIL BSL Dispatches 30KT Steel Slabs to Paradip for Export to China

    The Pioneer reported that Steel Authority of India Limited’s Bokaro Steel Plant dispatched first rake of 30 thousand tonnes of steel slabs to Paradip port on Sunday for exports to China. BSL Chief of Communication Mr Mani Kant Dhan said “The steel slab, which we have exported to china is of Grade- JISG3101SS steel, having multiple uses includes the Construction industry, Auto sector and for White goods.”

    Around another 45000 tonnes of steel of different grades is likely to be exported to various countries very soon.

    Source : Strategic Research Institute
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