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Aandeel ArcelorMittal AEX:MT.NL, LU1598757687

  • 23,540 25 apr 2024 17:35
  • -0,100 (-0,42%) Dagrange 23,170 - 23,690
  • 2.802.569 Gem. (3M) 2,5M

Nieuws en info hier plaatsen (deel 4)

35.173 Posts
Pagina: «« 1 ... 1279 1280 1281 1282 1283 ... 1759 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 4 maart 2021 09:37
    Stelco CEO See Historic Steel Demand Recovery

    Bloomberg reported that Canadian steel maker Stelco Holdings Inc’s top boss sees a historic rebound ahead that’ll drive a surge in steel demand that the already bullish executive didn’t anticipate back in February. Stelco Chief Executive Officer Mr Alan Kestenbaum said in a phone interview “I was optimistic two weeks ago, but what I learned the last couple weeks is the extent of the end market demand. It’s there, and I think we’re going to see a historic rebound here as people get out and start living again.”

    Mr Kestenbaum credits his revised outlook to better visibility on upcoming US car sales and a pickup in oil drilling. He said “Automobile sales will start surging in the third quarter, with the rally in full swing in the last three months of the year as North Americans begin returning to normal life after the rollout of Covid-19 vaccines and auto sales will rising to the low to mid 20 million range for 2022.”

    He added “Pipe inventories are dropping and Stelco is starting to get a big inflow of orders now from energy companies, just as rig counts perk up.”

    Mr Kestenbaum said the nearly 9% jump in hot-rolled coil prices seen since Stelco’s February earnings report will certainly flow into May pricing.

    Source - Strategic Research Institute
  2. forum rang 10 voda 4 maart 2021 09:39
    Greensill Crisis Reaches Whyalla Steelworks in Australia

    Australian Financial Review reported that as unions expressed concern about the potential fallout from the troubles of one of GFG’s main financiers Greensill Capital, Mr Sanjeev Gupta’s GFG Alliance says the Whyalla steelworks and associated iron ore mining operations are back in the black after years of losses. GFG Alliance said “Our integrated operations at Whyalla, which include the mining assets and the steelworks, are in the black. The transition program we’ve implemented, including operating all assets at a higher capacity and improvements to both mining and the steelworks, coupled with the strong recovery in the Australian steel and mining markets, have resulted in strong improvements to underlying earnings year on year.”

    AFR report said “Court documents lodged in the Supreme Court of NSW by lawyers for Greensill, one of the main financiers to GFG, warned of about 7000 jobs being at risk in Australia if credit insurance policies were blocked from being renewed. The court documents stated the domino effect in turn, may trigger further adverse consequences on third parties, including the employees of Greensill’s clients.”

    Australian Workers Union state secretary Mr Peter Lamps said the union is concerned about the potential fallout from the Greensill issues on GFG Alliance and its operations. He said “The union is always concerned at any time when these circumstances arise. The union is committed to, as always, work with the parties to ensure our members’ livelihoods aren’t impacted.”

    Mr Gupta bought the former Arrium business in Australia from administrators Mr KordaMentha for about AUD 700 million in 2017, giving him ownership of the Whyalla steelworks and the assets which now form Infrabuild. The steelworks employs about 1500 people and the town of 22,000 people relies heavily on it as a major employer.

    Source - Strategic Research Institute
  3. forum rang 10 voda 4 maart 2021 09:40
    South Korean Giants to Invest USD 38 Billion in Hydrogen Industry

    Local media reported that Hyundai Motor, SK Group, POSCO, Hanwha and Hyosung will invest a total of around 43.4 trillion won (USD 38 billion) in hydrogen industry in South Korea by 2030. The five companies will work to build a wide range of hydrogen infrastructure, for the production, storage and application of hydrogen. This includes investments of 18.5 trillion won by SK in fuel cell power plants and other areas, 11.1 trillion won by Hyundai Motor in hydrogen vehicles and other areas; 10 trillion won by POSCO in areas including hydrogen reduction steelmaking, 1.3 trillion won by Hanwha in areas such as green hydrogen production and 1.2 trillion won by Hyosung in hydrogen liquefaction plants and other areas.

    During 3rd Hydrogen Economy Committee meeting South Korean Prime Minister Mr Chung Sye-kyun vowed to support the companies, in line with South Korea's initiative to go carbon neutral by the year 2050. He said "The South Korean government will do its best to support the companies' investment plans. Investment in liquefied hydrogen is crucial for the supply of affordable hydrogen. The government will establish a system through which it can support all phases from production and transportation, to application of liquefied hydrogen.

    Source - Strategic Research Institute
  4. forum rang 10 voda 4 maart 2021 09:42
    Q4 Recovery Helps Kardemir Results for 2020

    Karabük based Turkish steel maker Kardemir closed the year 2020 with TRY 7.52 billion net sales revenue, TRY 1.26 billion EBITDA and TRY 60.6 mllion consolidated net profit. In 2020, the company's sales revenues increased by 23.7% YoY. In terms of production figures, crude steel production increased by 11.5%YoY in 2020 to 2.50 million tonnes and final rolled product sales increased 5.7% YoY to 2.37 million tonnes.

    Kardemor said “The negative impact of the Covid-19 epidemic in the world steel industry, especially since March, has left its place for company to recover from the 4th quarter of the year with the effect of the measures taken, and this quarter, compared to the first three quarters of the year, has a very positive picture in terms of both operational and financial terms. Kardemir's foreign exchange position deficit was significantly reduced with various transactions in 2020. During the epidemic process, all risks were closely monitored through committees established within the company, and occupational health and safety was prioritized. Basic indicators and expectations show that 2021 will be a better year. In this direction, we will continue to take firm steps towards our goals, with the maximum effort and support of all our internal and external stakeholders.”

    Source - Strategic Research Institute
  5. forum rang 10 voda 4 maart 2021 09:42
    TMK Supplies Seamless Pipes to SNOC for Transporting Gas in UAE

    Russian Pipe Metallurgical Company TMK supplied seamless steel pipes to Sharjah National Oil Corporation to transport gas from the new Mahani gas condensate field to the SNOC gas processing plant in Sajah in Sharjah in UAE. The delivery volume exceeded 5 thousand tonnes. Pipes with a diameter of 406.4 mm were produced at the Volzhsky Pipe Plant, which is part of TMK, and are intended for operation in corrosive environments. Three-layer polypropylene coated tubular products were used to construct a 22 kilometer pipeline to transport hydrocarbons from the Makhani field to a gas processing plant. As part of the comprehensive contract, TMK also supplied SNOC with other structural elements and equipment for the installation of pipelines.

    In January 2021, Sharjah National Oil Corporation and its partner ENI announced the start of operation of the Mahani-1 gas well as part of the launch of gas production at the Mahani field in the B zone of Sharjah. This happened just a year after the first onshore gas discovery in Sharjah in 37 years.

    Source - Strategic Research Institute
  6. forum rang 10 voda 4 maart 2021 09:44
    Steel Minister Dials ArcelorMittal for Odisha Steel Hub Dream

    India’s Steel Minister Mr Dharmendra Pradhan has sought cooperation of ArcelorMittal in making the mineral rich Odisha a steel hub.ArcelorMittal Executive Chairman Mr LN Mittal and CEO Mr Aditya Mittal called on Mr Pradhan and discussed ways to boost domestic steel production, make the mining sector more vibrant and capacity expansion of the company in the State. After the meeting Mr Pradhan tweeted “Had good conversations with Shri LN Mittal, Executive Chairman & Shri Aditya Mittal, CEO, @ArcelorMittal, on driving innovation and making our oil, gas, steel, petrochemicals & mining sector more vibrant,efficient & globally competitive to fuel #AatmanirbharBharat’s growth story”

    The discussion mostly centered on how to develop Odisha as an international hub for steel sector with 100 million tonne steel capacity and what will be the role of ArcelorMittal in realising the dream.

    Source - Strategic Research Institute
  7. forum rang 10 voda 4 maart 2021 09:45
    Transworld Group to Build Container Plant in Gujarat

    Business Line reported that Dubai-based Transworld Group has signed an agreement with state owned Sagarmala Development Company Ltd to build a cargo container manufacturing facility in Gujarat with an investment of about INR 200 crore. An official with the Ministry of Ports, Shipping and Waterways said "Indian coastal shipping adds about 10,000 twenty-foot equivalent units of new containers annually, while India's largest container rail operator Container Corporation of India may require 2,000 to 2,500 TEUs of new containers every year. Almost all the shipping containers used today are imported from China. By the time they reach Indian shores, they cost us around 40% more, including ocean freight, Customs duty, other taxes, custom house agent charges and sundry expenses.”

    China makes about 90% of global shipping containers. CIMC is the largest container manufacturer with a market share of 40%. Other players include Singamas, COSCO and CXIC.

    Source - Strategic Research Institute
  8. forum rang 10 voda 4 maart 2021 09:46
    Tata Power to Provide Green Power to Tata Steel in Jharkhand

    Tata Power announced that wholly owned subsidiary TP Saurya Limited has signed a Power Purchase Agreement with Tata Steel Limited to develop a 15 MW solar project at Jamshedpur in Jharkhand. The energy will be supplied to TSL under a Power Purchase Agreement valid for a period of 25 years from scheduled commercial operation date. The project is required to be commissioned within 6 months from the date of execution of the PPA.

    The Plant is expected to generate an average of 32 MUs of energy per year and will annually offset approximately average 25.8 Million Kg of CO2.

    Tata Power’s renewable capacity will increase to 4,047 MW, out of which 2,687 MW is operational and 1,360 MW is under implementation including 15 MW won under this PPA.

    Source - Strategic Research Institute
  9. forum rang 10 voda 4 maart 2021 09:55
    USW to Seek Strike Authorization at Allegheny Technologies

    TribLIVE reported that the United Steelworkers union is preparing for a strike authorization at Allegheny Technologies Inc where contract expired on Sunday was but extended and employees were told to continue to report to work. USW Vice President Mr Dave McCall said “We plan to return to bargaining with the hope that ATI will finally see that its confrontational bargaining strategy won’t work. Because we’ve seen how they’ve acted so far, your USW bargaining committee is asking its members at all ATI local unions to authorize the bargaining committee to begin a strike, if necessary.”

    ATI spokeswoman Ms Natalie Gillespie said the company continues to operate its plants to meet its commitments to customers and avoid disruption to employees and their families. She said “ATI and the USW are working hard to reach resolution. We value our employees’ hard work and commitment, and our proposal reflects that. ATI provided the USW with a fair and comprehensive proposal. It increases wages at a time when we’re losing money and investing millions to transform our business in order to preserve well-paying jobs for the vast majority of our employees.”

    The union claims ATI is demanding a four-year agreement “that erodes most everything that we have gained over the years including wages, health insurance, contracting out protections, overtime pay and scheduling

    The last contract, which originally expired Feb. 29, 2020, was extended by one year in March 2020. It covers about 1,300 workers at nine ATI locations. The union has 10 locals with ATI, with four in the Alle-Kiski Valley.

    Source - Strategic Research Institute
  10. forum rang 10 voda 4 maart 2021 09:56
    Canada Selects Mavennet for Blockchain Based Steel Traceability

    The Government of Canada has turned to the private sector to find ways to improve the end to end traceability of the steel supply chain in Canada. Canada’s Minister of Innovation, Science & Industry Mr François Philippe Champagne announced the selection of Toronto based Mavennet, which over the next two years will refine its prototype for a digital tracing system that uses blockchain and artificial intelligence. Mavennet will receive CAD 1.125 million through Innovative Solutions Canada, a program that invites Canadian small business to develop innovative solutions to address government challenges. Mavennet will work closely with various government departments and the Canadian steel industry over the next 15 months to pilot this prototype technology.

    This technology could help the Government of Canada’s decision making process and possibly ease and digitize the procedures for clearing customs. For steel companies, this technology could help improve supply and demand forecasts, allow for instant verification of origin, confirm responsible sourcing, reducing costs, and increase efficiency and productivity. This system could be used in the Canadian and possibly North American, steel supply chain for businesses and government.

    Source - Strategic Research Institute
  11. forum rang 10 voda 4 maart 2021 10:00
    Mr Darren Bradely Acquires Controlling Stake in Masteel UK

    Insider Media reported that Sheffield based businessman Mr Darren Bradley has acquired a controlling stake in a steel supplier Masteel UK for an undisclosed sum. Mr Bradley will join the existing management team as chief executive, bringing with him a wealth of experience in owning and managing businesses operating across the steel industry nationally and internationally. He has almost 35 years in the steel and metals processing industries, operating at board level for the last 25 years, in various commercial and operational roles. Masteel UK Managing Director Mr Simon Ollerenshaw continue in his current role and work with Bradley and the existing leadership team to drive future growth across the company. He has retained an equity stake in the Masteel Group as part of the transaction.

    Since formation of the business in 2002, Masteel has grown to become a key strategic supply partner for steel mills across the UK, Eastern Europe, Africa and South America. Masteel UK specialises in the supply of high grade, high-quality speciality steels to a range of customers located across all seven continents. The company operates from its head office near Lichfield and fabrication and warehouse facilities in the Coleshill area of Birmingham, as well as an international sales office in South Africa.

    Source - Strategic Research Institute
  12. forum rang 10 voda 4 maart 2021 10:00
    Shushufindi Adopts RunReady Services of Tenaris in Ecuador

    Tenaris recently implemented RunReady services in Ecuador for the Shushufindi Consortium, as part of its innovative service model Rig Direct. RunReady includes preparation of the pipes for running at Tenaris mills or service centers, reducing time and minimizing risks at customer yards or rig sites. The scope of the RunReady service encompasses removal of protectors, cleaning of storage dope, visual inspection of pipe body and connections, application of anticorrosive wax or running dope, measurement of pipe length and pre assembly of accessories, all activities that enable the product to be ready to run.

    Shushufindi Consortium chose the service to reduce quality failures and to have equipment tested and ready to be run into the well. The benefits have been greater control of the operation, enhanced safety and greater efficiency.

    PipeTracer technology, a unique tracking and traceability application that allows operators to create running tallies, is an integral part of the RunReady package, since it provides physical pipe measurements and displays complete product information, resulting in greater operational efficiency.

    RunReady began in Ecuador after a successful process of observing, understanding, and meeting the specific needs of the customer, increasing Tenaris’s positioning in Machachi as an advanced industrial and service center.

    Source - Strategic Research Institute
  13. forum rang 10 voda 4 maart 2021 10:01
    Tata Steel Chosen as World's Most Ethical Companies for 10th Time

    Tata Steel has been recognised by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the 2021 World’s Most Ethical Companies. Tata Steel has received this recognition for the 10th time and is one of the only three honourees in the Metals, Minerals & Mining industry. In 2021, 135 honourees spanning 22 countries and 47 industries have been recognised. This honour is reserved for a select number of companies with exceptional programmes and a commitment to advancing business integrity.

    Tata Steel CEO & MD Mr TV Narendran said “It is indeed an honour to be recognised by Ethisphere as one of the most ethical companies in the world. Today, for companies like Tata Steel that have a global footprint, there is a large societal responsibility and therefore following highest level of ethical standards receives topmost priority. The robust internal systems that we have created including various policies and initiatives ensure that understanding and maintaining global and regional standards for ethical way of doing business is embraced across the company and around the world. The recognition encourages us to further our journey towards sustainable development by reemphasising our focus on highest ethical values, environment and well-being of our people and community.”

    Ethical behaviour is intrinsic to Tata Steel’s business philosophy and has been part of its legacy since inception, as envisioned by the Founder Jamsetji Tata, who believed that a business must operate in a manner such that it respects the rights of all its stakeholders and creates overall value for the society. Each year, Tata Steel observes the month of July as ‘Ethics Month’ across the organisation to reinforce its ethical culture.

    Source - Strategic Research Institute
  14. forum rang 10 voda 5 maart 2021 05:53
    ArcelorMittal van start met tweede inkoopprogramma

    FONDS KOERS VERSCHIL VERSCHIL % BEURS
    ArcelorMittal
    20,085 0,00 0,00 % Euronext Amsterdam

    (ABM FN-Dow Jones) ArcelorMittal heeft het op 15 februari dit jaar aangekondigde aandeleninkoopprogramma afgerond en zal daarom van start gaan met een nieuw programma. Dit meldde de staalreus donderdag nabeurs.

    Bij de slotgong vandaag had ArcelorMittal 27,1 miljoen eigen aandelen ingekocht voor 536,6 miljoen euro. De gemiddelde aankoopprijs lag rond de 19,79 euro.

    Aanleiding voor de inkoop was de verkoop van 40 miljoen aandelen Cleveland-Cliffs voor 652 miljoen dollar.

    Op 15 februari kondigde ArcelorMittal al een tweede inkoopprogramma aan, dat nu van start gaat. Onder dit programma wil de staalreus voor 570 miljoen dollar aan eigen aandelen inkopen. Dit programma moet voor het einde van dit jaar zijn afgerond.

    Dit tweede programma is conform het nieuwe beleid voor teruggave van kapitaal aan aandeelhouders van ArcelorMittal.

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

    © Copyright ABM Financial News B.V. All rights reserved.
  15. forum rang 10 voda 5 maart 2021 08:11
    ArcelorMittal plans $6.9B Indian steel plant

    Mar. 04, 2021 9:53 AM ETArcelorMittal (MT)By: Carl Surran, SA News Editor

    ArcelorMittal (MT -2.2%) has signed a deal to build a 12M tons/year steel plant in India's mineral-rich Odisha state with an investment of 500B rupees ($6.9B), Bloomberg reports.

    ArcelorMittal previously attempted to build a similar capacity plant in Odisha more than a decade ago but abandoned the plan in 2013 due to its failure to get suitable land and necessary permits to mine iron ore.

    This time, the company already has a foothold in India after acquiring Essar Steel India's assets in 2019 under a bankruptcy process.

    After a difficult 2020, steel prices have soared in Europe and hit a near 10-year high in China, lifting earnings of steelmakers; ArcelorMittal shares have more than tripled from a pandemic low last March.

    -------------------------------------------------------------------------------

    ArcelorMittal Plans $6.9 Billion Steel Plant in India’s Odisha State
    Swansy Afonso and Devidutta Tripathy, Bloomberg News

    (Bloomberg) -- Billionaire Lakshmi Mittal is revisiting a plan to set up a steel plant in the mineral-rich eastern Indian state of Odisha with an investment of $6.9 billion, after abandoning an earlier attempt to build a mill in the province.

    ArcelorMittal Nippon Steel India Ltd. has signed an accord to build a steel plant in the state with an investment of 500 billion rupees ($6.9 billion), Chief Minister Naveen Patnaik’s office said in a Twitter post. Federal Steel Minister Dharmendra Pradhan said on Twitter earlier this week that he had “good conversations” with Mittal. The planned unit will have an annual production capacity of 12 million tons.

    ArcelorMittal had previously attempted to build a similar capacity plant in the state more than a decade ago but ditched the plan in 2013 due to its failure to get suitable land and necessary permits to mine iron ore, a key raw material. This time around, Arcelor already has a foothold in India after tussling for more than a year to buy Essar Steel India Ltd.’s assets under the bankruptcy process in 2019.

    After a tough year in 2020, steel prices have soared in Europe and hit an almost 10-year high in China, boosting earnings of steelmakers. Shares of ArcelorMittal have more than tripled since a bottom in March last year, and stronger prices of the metal signal further scope for gains.

    Mittal’s move to expand in India comes at a time when the government is planning to boost investment in sectors such as housing, roads, ports and railways. On the other hand, the company is focusing on consolidating operations globally, selling its North American operations to Cleveland-Cliffs Inc. and shuttering an unprofitable furnace in Poland.

    ©2021 Bloomberg L.P.
  16. forum rang 10 voda 5 maart 2021 15:02
    Likely Semis Imports Surge by China could Support Steel Prices

    Recent news from China suggest that importing more semi finished steel is a potential solution to the plight that Chinese steel supplies are insufficient to meet the surging demands as China seeks to cut carbon dioxide emission to achieve the carbon neutrality goal by 2060. China Iron and Steel Association senior official Mr He Wenpo in an interview shared his views in regard to hot questions surrounding the Chinese steel sector. He called for enlarging the import of semis to meet rising domestic needs, which could ease the impact on environment and resources imposed on steel supplies.

    Importing semis is conducive to meeting the industry material demand under the stress of achieving carbon neutrality goal as the carbon dioxide emitted during steelmaking accounting for approximately 15% of the total release in the manufacturing sector. China imported a total of 38.5 million tonne of steel in 2020 including 20.2 million tonnes of finished steel and 18.33 million tonnes of semis and industry insiders suggest that semis import could increase to 30 million tonnes in 2030. If this situation arises, steel mills in Russia, Ukraine, Turkey India and Iran etc could capitalize to increase steel prices

    Steel Industry low carbon emission reduction of industry is very important for the country to achieve the goal of carbon peak. According to China's target of carbon peak and carbon neutralization, China’s Ministry of Industry and Information Technology will implement industrial low carbon action and green manufacturing project this year and formulate action plans and roadmap for carbon peak in steel industry. In order to promote the work of carbon peaking and carbon neutralization in Chinese steel industry and ensure that the goal of carbon peaking can be achieved in advance, China Iron and Steel Association recently visited China Steel Research Institute and Beijing University of science and technology successively to carry out special research and exchange on the work related to the low carbon development of the steel industry.

    Source - Strategic Research Institute
  17. forum rang 10 voda 5 maart 2021 15:03
    AM/NS India to set up 12 Million Tonne Steel Plant in Odisha

    AM/NS India and the Odisha government signed a memorandum of understanding for setting up a 12 million tonne integrated steel plant in Kendrapara district of Odisha. The MoU was signed by Odisha’s Principal Secretary (Industries) Mr Hemant Sharma and AM/NS India Chief Executive Officer Mr Dilip Oommen in the presence of Mr Patnaik and ArcelorMittal Executive Chairman Mr LN Mittal. Odisha Chief Minister Mr Naveen Patnaik tweeted “Giving major boost to #InvestInOdisha, #Odisha Govt has signed MoU with @AMNSIndia for a 12 million ton integrated steel plant in Kendrapara district with an investment of IR 50,000 Cr.”

    It is understood that the proposal would have several pre-conditions, including making provisions for land and iron ore mines. The land identified for AM/NS India is situated at Kendrapara district, earlier earmarked for a similar sized steel plant proposed by South Korean Posco in 2005. It never saw the light of the day, mostly because of local protests over land acquisition. After the project was scrapped, the land is now being carved out between two prospective investors, JSW Steel and AMNS India.

    AM/NS India’s investments in Odisha include the 6 million tonne per annum pelletization plant in Paradeep, which will be expanded to 12 million tonne per annum and the beneficiation complex in Keonjhar and slurry pipeline that are already operational.

    In 2006, ArcelorMittal had signed MoU for a 12 million tonne plant in Odisha. However, it did not materialise and the company pulled out in 2013. ArcelorMittal had also signed MoU in Jharkhand for a 12 million tonne, but that didn’t take off either, neither did a 6 million tonne plant in Karnataka, for which the steel major had signed MoU in 2010.

    AM/NS India is a joint venture between ArcelorMittal and Nippon Steel, two of the world’s leading steel manufacturing organisations. AM/NS India is a leading integrated flat carbon steel producer in India, with an achievable crude steel capacity of around 9 million tonnes per annum.

    Source - Strategic Research Institute
  18. forum rang 10 voda 5 maart 2021 15:04
    GFG Alliance Stops Payments to Greensill Capital

    Financial Times reported that Mr Sanjeev Gupta’s GFG Alliance has stopped making payments to Greensill Capital, the ailing finance group that helped transform the former commodities trader into a leading player in the global steel industry, according to people briefed on the move. FT report quoted a source as saying that “The industrialist told senior colleagues on Thursday that he was not intending to make payments on financing facilities from Greensill and that one due on Monday had not been made.”

    FT report added “The turmoil at Greensill has triggered a wave of concern among GFG’s suppliers, local politicians and unions over its prospects. Some suppliers to Liberty Steel, GFG’s main metals business, said they were examining their exposure to the group. One said they had tightened their terms of trading and were asking for payment sooner. A second said they were considering asking for cash payments upfront.”

    The move marks a stunning rupture between Mr Gupta’s GFG and Greensill, businesses whose close links have drawn the scrutiny of regulators. It comes as Greensill prepares to file for insolvency in the UK.

    Founded by former banker Mr Lex Greensill, the eponymous group was plunged into crisis this week after its main insurer refused to renew a USD 4.6 billion contract and Credit Suisse froze USD 10 billion of funds linked to the company. Private equity firm Apollo remains in talks to buy parts of the business.

    Source - Strategic Research Institute
  19. forum rang 10 voda 5 maart 2021 15:07
    US Steel Secures NanoSteel Patents to Expand Auto Steel Offering

    United States Steel Corporation announced the acquisition of the flat rolled sheet patents and trademarks of The NanoSteel Company Inc as part of US Steel’s ongoing commitment to offer customers the world’s best selection of advanced high strength steels, which now includes the most formable high-strength steel available anywhere. The NanoSteel Company designed and developed patented proprietary alloys which derive exceptional mechanical properties from their nano scale microstructure, which creates a unique combination of extreme strength with the enhanced formability normally found only in low-strength mild steels. The NanoSteel grades can be rolled thicker than other high-strength grades and are designed for automotive and heavy industrial applications where higher strength-to-weight ratios are essential.

    US Steel has acquired the majority of The NanoSteel Company’s intellectual property and becomes the sole owner and producer of its internationally recognized high strength steel grades. Other terms of the transaction were not disclosed.

    Source - Strategic Research Institute
  20. forum rang 10 voda 5 maart 2021 15:11
    GMS Counters BBC Article on Ship Breaking in Alang

    World's leading cash buyer of ships for recycling GMS said that “British Broadcasting Corporation published a news article titled 'UK cruise ships scrapped in India's ship graveyard' on 1st March 2021. The content of the article is purely based on opinions without verifying the actual facts. Addressing Alang, a coastal village in Gujarat in India, as a ship's graveyard is not as per the real facts. Alang is the place where ships are recycled in a sustainable way. The whole recycling activity is carried out as per accepted international and domestic standards. Recycling is regulated by the national laws for ship recycling. India has ratified the Hong Kong Convention for safe and environmentally sound recycling ships. In fact, ship recycling in India is a notable example of the circular economy.”

    GMS added “Major blue-chip ship owners from Japan, Norway, Denmark, Italy, and other developed nations have visited, inspected, audited, and vetted the recycling facilities at Alang. Based on the facts observed at Alang, they have been sustainably recycling their vessels in India. Japanese shipowners' association and the Danish shipowners' association representatives have visited and vetted the recycling facilities to their satisfaction. More than 1000 foreign nationals have visited the Alang to diagnose the difference between facts and opinions spread about the ship recycling at Alang. These visitors are none other than the ship owners, classification society representatives, auditors, safety inspectors, diplomats, capital providers, delegates from international banks and pension funds, etc.”

    GMS said “The infrastructure consists of impermeable floors, fire-fighting arrangements, application of heavy duty cranes, training to workers, effective hazardous waste management etc. At present there are 92 out of 120 (77%) yards are Hong Kong Convention compliant and received Statement of Compliance from leading classification societies. The classification societies include ClassNk, Lloyd's Register, RINA, and Indian Register of Shipping. They all are members of the International Association of Classification Societies who are the Recognized Organizations for implementing various international conventions on behalf of flag states.”

    GMS also said “The remark made in the article about Alang being 'a stretch of muddy beach' is merely incorrect and out of context. Alang is blessed with the natural sea front of a hard-rocky bottom with a slope of 15 degrees. This makes it convenient to deliver the vessel to the recycling yards along the side of the sea front. Alang is not a muddy beach, but it's a complete ecosphere of the recycling yards, backyards, neighboring villages, steel mills, spare parts warehouses, and yard workers. It is a notable example of how recycling of end-of-life vessels becomes a green circular economy. More than 700 shops sell materials recovered from the recycled vessels. These materials include unused spare parts, old machinery & equipment, cutlery, furniture, special tools, etc. The steel plates extracted from the vessels are used in the adjacent steel re-rolling mills.”

    BBC in an article on 1 March “UK cruise ships scrapped in India's 'ship graveyard” had said “Two UK cruise ships have been scrapped on an Indian beach despite assurances they would continue to be operated. Ships at the end of their lives are considered hazardous waste and it is illegal to send them to developing countries from the UK. But months after being sold at auction to buyers outside the UK they were then sold on as scrap for double the price. As they were set to be used for further trading when they left UK waters, their arrival in India does not break UK law. An investigation by the BBC's File on 4 programme found at least 13 other ships, mostly cargo ships, linked to the UK had arrived at the scrapping beaches of India, Pakistan and Bangladesh since the start of 2020.”

    BBC report said “The ship breaking yards of Alang dominate a stretch of muddy beach just up the coast from Mumbai in north-west India, referred to as the world's largest ship graveyard. There are serious concerns about the environmental impact and working conditions in the ship-breaking industry across south Asia. The organisation Ship breaking Platform has documented the deaths of more than 400 workers on these beaches since 2009.

    It has recorded fatal accidents in the yards from workers falling from height and being killed in gas explosions, as well as longer-term sickness from exposure to toxic materials such as asbestos.”

    NGO Shipbreaking Platform's Executive Director & Founder Ms Ingvild Jenssen said “Despite laws in place making it illegal for developed countries like the UK to send hazardous waste such as old ships to developing countries, they continue to arrive "There is a lot of value in these vessels because they contain large amounts of steel. But they also contain large amounts of hazardous materials: asbestos; heavy metals; lead, and many materials you need to take large precautions when you're dealing with them."

    Source - Strategic Research Institute
    Bijlage:
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