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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

  • 21,820 14 jun 2024 17:36
  • -0,380 (-1,71%) Dagrange 21,740 - 22,360
  • 4.153.452 Gem. (3M) 2,7M

Nieuws en info hier plaatsen (deel 4)

35.173 Posts
Pagina: «« 1 ... 531 532 533 534 535 ... 1759 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 16 januari 2017 16:50
    Rising rebar prices settle down in NW Europe

    The increase in the German rebar base price to a maximum of €250/tonne ($266/t) reported by several observers shortly before Christmas, is now confirmed by an increasing number of market participants.  Including the average size extra of €265/t, the delivered price would thus be €515/t or touching €500/t on an ex-works basis, Kallanish hears.

    However, sources differ as to the validity of the standard base price. It may be €250/t “… across the board” at German mills or range from €220-250/t, according to the respective views of one western German stockholder and one eastern German buyer. Opinions further south are more cautious. In Switzerland and Austria, sources say they have not heard of the high value effectively paid.

    “Had you asked me last Monday, I would have still said it’s at €190/t,” a managing director at an Austrian distributor says. He confirms having heard of €250/t, but doubts that the price is in fact paid, noting that Austrian prices can be in between those paid in Germany, and the lower levels in Italy.

    However, he believes that an upward surge might occur quickly when it comes. “Once above €200/t, it’s easily at €220/t, and the next step would be €250/t,” he says, and maintains that buyers expect prices to remain strong or continue to rise into February and March.

    This assumption is based however on rising scrap prices paid in Turkey. “The question is, what about the deterioration of the Turkish Lira? That might as well force the trend downwards.”

    Source : Kallanish.com
  2. forum rang 10 voda 16 januari 2017 16:50
    French longs' prices are seen increasing

    The New Year has restarted with a satisfactory level of demand for some French long products such as beams and rebar. The merchant bar market meanwhile is suffering lower prices due to the highly competitive domestic market and cheaper imported material from other European markets, Kallanish learns from market sources.

    While in Italy rebar producers are trying to push prices up in the new January contracts, for the moment French rebar prices are stable at the levels seen in December. However, sources believe that in the coming days, local producers will push quotations up by €20/tonne ($21.2/t) or more. This is in line with increasing local scrap prices and high German rebar quotations.

    Domestic base rebar prices are in the range €150-160/t ex-works and possible increases may push the range up to €170-180/t ex-works. This, including €260/t size extras, would give a finished ex-works range of €430-440/t, closer the current German range and in line with the improved demand of the beginning of the year, sources suggest.

    Merchant bar quotations are in line with Southern European prices and show a delivered level of €80-90/t base. This, with €420/t size extras included, reaches a finished price level of €490-500/t delivered. Depending on scrap price increases, merchant bar quotations are also set to uptick, sources believe.

    Source : Kallanish.com
  3. forum rang 10 voda 16 januari 2017 16:51
    Germany’s BGH upgrades Lugau wire production facility

    BGH Edelstahl, a German niche producer of speciality long products, has made a two-digit million euro investment in a new wire pre-treatment line at its plant in Lugau, Saxony. 

    The new line is planned to start trial production in the next months, and will eventually replace an existing one. An upgrade of the existing line would have required a month-long break of production of all connected facilities, Kallanish learns from local daily Freie Presse.  The new line will also be automated with a laser-controlled conveyor system.  The old manually-operated line will remain on stream until next year. Its location will later be used for a new water treatment facility.

    BGH Lugau has also expanded space in the mill’s finishing section, with a new drawing line that allows wire to be drawn down from rod of thickness 5.5 mm to 1mm. This project also required the installation of two new annealing lines.

    The plant in Lugau makes wire and bright bar in speciality grades, and generates sales of slightly below €100 million/year ($106 m/y). More than 40% of its output goes for export, into other European countries as well as to Asia, North and South America. 80% of customers are in the automotive industry. The parent company BGH Edelstahl is headquartered in Freital, Saxony, and Siegen, North Rhine Westphalia.

    Source : Kallanish.com
  4. forum rang 10 voda 16 januari 2017 16:52
    Belarus-origin rebar AD duty boosts CMC Poland

    CMC Poland is benefiting from reduced rebar imports into Poland following the anti-dumping case opened by the European Commission (EC) against Belarus-origin rebar.

    The AD probe was opened last March, and last month the EC imposed a provisional AD duty of 12.5% on Belarus-origin rebar (see Kallanish 21 December).

    While imports continue to hamper US-based parent company CMC’s domestic operations, “…in contrast, at our Polish operations the threat of an anti-dumping filing against Belarus has slowed imports into Poland and is partially responsible for the improved performance of these facilities during our first [... fiscal] quarter compared to the same quarter in the prior year,” CMC chief executive Joe Alvarado said in the company’s first-fiscal-quarter-through-November-2016 (FQ1) conference call.

    “However, results have also benefited from capital projects, and operational improvements,” he added.

    Coupled with the reduced imports, an on-year improvement in Polish construction activity saw CMC Poland increase shipments 14% in FQ1 to 316,000 short tons (see Kallanish 11 January). This supported a 260% surge in adjusted operating profit to $9.97 million.

    Electric arc furnace-based CMC Poland produces up to 1.3 million metric tonnes/year of rebar, wire rod and merchant bar. Besides Poland, product is sold to Czech Republic, Germany, Hungary and Slovakia. The firm also has four rebar fabrication plants.

    Source : Kallanish.com
  5. forum rang 10 voda 16 januari 2017 16:54
    Trinecke Zelezarny sees reduced 2017 output on revamps

    Trinecke Zelezarny (TZ) expects to reduce crude steel production 5% on-year in 2017 to 2.48 million tonnes due to shutdowns to allow for the revamp of its blooming mill and continuous caster. One of TZ’s two blast furnaces is also scheduled to undergo major repair in 2021.

    The blooming mill, which produces up to 600,000 tonnes/year of bloom and slab for further rolling, is being completely replaced, with new technology to be supplied by a German company. The investment of CZK 700 million ($27.6m) is designed to improve the “… accuracy” of production, TZ says.

    The CZK 125m modernisation of the caster will allow for the production of 600mm round blooms, with which TZ plans to enter new markets. The caster has hitherto produced blooms up to 525mm. The larger diameters are in demand from the wind energy sector. They are also used in gearboxes and bearings in heavy machinery, as well as in the production of pipeline flanges in the petrochemical industry.

    Also being undertaken this year is a CZK 600m investment into the installation of a new billet grinding line that will improve the quality of wire rod and bar production (see Kallanish 28 September 2016). Moreover, CZK 175m is being invested into the construction of two new annealing furnaces (see Kallanish 7 May 2015). The firm is also investing CZK 225m into renewing its billet mill stand.

    “The share of products with higher utility properties will increase at the expense of ordinary quality, which is our long-term strategy,” says TZ chief executive Jan Czudek.

    In 2015 TZ sold 937,148t of wire rod, 570,946t of bar and profiles, and 278,335t of rail and railway accessories.

    Source : Kallanish.com
  6. forum rang 10 voda 16 januari 2017 16:54
    Polish car output slumps in November

    Polish passenger car production declined -2.9% on-year in November to 40,800 units, continuing its disappointing fourth quarter after slumping in October, according to data from Poland’s Central Statistical Office (GUS) monitored by Kallanish.

    Poland is still on course to achieve in 2016 its largest annual passenger car output since 2011, although the volume will now be less impressive than anticipated a few months ago. January-November 2016 passenger car output rose 1.9% on-year to 511,000 units. Production must surpass 29,000 units in December for Poland to achieve the five-year record.

    Production of commercial vehicles, including trucks and tractors, however, grew 7% on-year in November to 10,101 units, recording its best November in over ten years. Eleven-month output thus rose 2.6% to 112,239 units.

    Public transport vehicle output, meanwhile, fell -7.2% on-year in November to 592 units, but still rose in the eleven months by 5.1% to 4,650 units.

    Overall automotive output in Poland thus rose 2% on-year in January-November to 627,889 units. In full-year 2015 it grew 11% to 660,600 units, the highest output since the 837,300 units recorded in 2011.

    The automotive production trend will be watched closely by ArcelorMittal Poland and US Steel Kosice which both supply Poland’s car manufacturers with automotive sheet.

    Source : Kallanish.com
  7. forum rang 10 voda 16 januari 2017 16:57
    Russian pipe holds despite reduced hydrocarbon output: TMK

    OCTG and line pipe consumption will remain flat year-on-year in 2017 despite Russian oil and gas companies’ planned oil production cuts, according to pipemaker TMK. OCTG demand alone may see moderate growth. Large-diameter pipe (LDP) use, however, is seen declining due to the completion or rescheduling of major pipeline projects.

    Overall, TMK expects an on-year increase in its 2017 shipments, primarily thanks to the recovery of the North American market and stable sales volumes in Russia.

    This follows a 7.4% quarter-on-quarter increase in TMK’s consolidated shipments in the fourth quarter of 2016 to 882,000 tonnes, boosted by a 20% surge in welded pipe sales to 249,000t. Stronger seamless OCTG demand drove up shipments of OCTG – TMK’s core product – by 2.2% to 382,000t.

    TMK sold its Chermet scrap metal business in Q4 for RUB 6.2 billion ($104.4 million) in order to reduce debt. “The deal will not affect the Company’s vertical supply chain,” TMK says in a note seen by Kallanish. “TMK will continue to be supplied with scrap on competitive market conditions.” The pipemaker signed a deal to procure hot-briquetted iron from Metalloinvest to reduce reliance on scrap.

    TMK’s Russian division increased shipments 11.3% on-quarter in Q4 to 721,000t, driven by a 22% surge in welded pipe deliveries to 236,000t thanks to higher line pipe demand from oil & gas companies.

    In full-year 2016, however, TMK’s consolidated shipments fell -11% on-year to 3.44 million tonnes. This was mainly due to a -29% slump in welded pipe deliveries to 1.04mt as a result of lower output in the US and reduced LDP consumption in Russia. OCTG sales fell -5% to 1.4mt, mainly due to lower US demand (see related article).

    Although Russian division sales fell -9% on-year in 2016 to 2.87mt, Russian OCTG shipments grew 4% due to continued drilling activity.

    Source : Kallanish.com
  8. forum rang 10 voda 16 januari 2017 16:58
    Iron ore port stocks grow despite smog delays

    Ships are facing delay in unloading at northern Chinese ports as smog has caused such poor visibility that operations have had to be temporarily suspended several times since 20 December. Nevertheless, iron ore port stocks have continued to steadily tick upwards as arrivals outpace demand, Kallanish notes.

    Breakbulk freight arriving at Chinese ports typically have to wait one or two days before berthing and unloading but some vessels have reportedly been waiting for four or more days. Hundreds of ships are now waiting in Bohai bay to dock at ports such as Tianjin and Qinhuangdao. These delays are creating significant additional costs and uncertainty over delivery schedules.

    Despite the slowdown in arrivals, iron ore port stocks have continued to increase. According to MySteel’s measure, port stocks across the country gained another 1.67 million tonnes last week to 118.99mt. The iron ore market remains fundamentally well supplied.

    Source : Kallanish.com
  9. forum rang 10 voda 16 januari 2017 16:58
    Chinese pollution inspections force steelmakers to behave

    Severe pollution, frequent production restrictions and environmental inspections are having a growing influence on Chinese steel production. Increasingly sophisticated inspection techniques are making it ever more difficult for steelmakers to get away with heavy pollution and now the environement is ranked higher than gdp in assessing local officials, Kallanish notes.

    Legal Daily reports that in the first eleven months of 2016, there were 225 fines levied against steelmakers totaling CNY 26.70 million ($3.86m). Steelmakers accounted for around 42% of total enterprises fined and for 27.14% of the total fine value.

    Environmental inspection groups are focussing on areas with heavy air pollution, dividing them into grids and then using satellite tracking to pick five positions per day to inspect. This is making it increasingly difficult for fixed pollution emitters such as steelmakers to escape inspection.
    Inspected enterprises say the examinations are quite strict, and local environment protection administrations are also under pressure to carry out ever more inspections.

    Zhao Chenxin, the spokesman of National Development and Reform Commission said on 12 January that, ”Performance on local ecological civil construction and environmental quality improvement will be a key indicator for local governments’ evaluation”. The published evaluation terms imply that the environment has priority over gdp growth in evaluating local officials for promotion for the first time since the PRC was established in 1949.

    Source : Kallanish.com
  10. forum rang 10 voda 16 januari 2017 17:01
    Profits jump for Chinese steelmakers in 2016

    15 Chinese steelmakers have presented their 2016 earnings forecasts to their respective exchanges, nine of which expect profits and two of which are borderline. The Chinese steel industry has boosted profitability significantly as steel prices soared last year, but the average industrial profit rate shows it still has a long way to go, Kallanish notes.

    Data from Custeel shows that over January to November 99 major steelmakers have earned net profits of CNY 33.15 billion ($4.8 billion). In 2015 meanwhile they suffered CNY 52.91 billion in losses over the same period. The main reason is that steel prices in China have increased sharply since March. Kallanish calculates average Chinese hot-rolled coil spot prices in Shanghai were up 23.3% from 2015 at CNY 2,723/tonne.

    However, according to the Metallurgical Industry Planning and Research Institute, in the first eleven months of 2016 average profit margins in the Chinese steel industry were just 1.28%, with 26% of steelmakers still making losses. As Kallanish monitored, since late 2016 steelmaking raw materials prices have soared and energy costs are increasingly higher for less efficient companies. Many companies are also still struggling to service high levels of debt. Whether the performance of these companies can improve in 2017 remains in doubt.

    Zie PDF.

    Source: Kallanish.com
    Bijlage:
  11. forum rang 10 voda 16 januari 2017 17:02
    Chinese CSOEs publish capacity cut details for 2017

    Chinese centrally state-owned enterprises intend to cut 5.95 million tonnes/year of steelmaking capacity in 2017, according to the State-owned Assets Supervision & Administration Commission (SASAC). China exceeded its 45m t/y goal for steel capacity eliminations last year, and most targeted capacity will continue to be at private steelmakers, Kallanish notes.

    The National Development and Reform Commission is steadily laying out steps to promote steel industry consolidation by increasing the industrial concentration rate from 37% in 2015 to 60% by 2019.

    SASAC held a meeting for representatives of the central and local SASACs on 12 January. SASAC director Xiao Yaqing announced at the gathering that in 2017 central state-owned companies need to cut 5.95m t/y of steel and 24.73m t/y of coal capacity. SASAC also plans to clear out 300 zombie enterprises with debt issues, and decrease overall losses by 50% year-on-year.

    Baowu Group aims to cut 16m t/y of steel capacity before the end of 2018, 8.37m t/y of which has already been completed in 2016. Most of the SASAC target is likely to come from Baosteel since Wuhan Iron & Steel has completed its three-year capacity cuts targets before the merger.

    Baosteel's capacity eliminations are largely linked to the commissioning of new capacity at its Zhanjiang steelworks project. That means real capacity reductions are likely to come from smaller and privately-owned producers forced to close facilities in 2017.

    Source: Kallanish.com
  12. forum rang 10 voda 16 januari 2017 17:04
    Chinese automotive production ends 2016 strongly

    2016 Chinese automotive production and sales have hit a new historical high thanks to the preferential purchase taxes for small-engine vehicles. The China Association of Automobile Manufacturers (CAAM) estimates 2017 Chinese automobile sales may gain another 4.9% y-o-y to 29.4 million units after a compromise was reached on ending the tax break, Kallanish notes.

    Official data from CAAM suggests Chinese total automotive production was up 16% to 3.09m units in December, bringing the full year total to 28.1m units, up 14.5% y-o-y. This masked continued differences by type of vehicle however. While passenger vehicle output was up 15.5% y-o-y to 24.42m units, commercial vehicle production rose 8% to 3.7m.

    Compensating for vehicle type, including type of passenger vehicle, Kallanish calculates implied steel demand from automotive production of around 4.67 million tonnes in December. The figure for the full year meanwhile was up 12.78% to 43.57mt, around 20,000t higher than Kallanish expected in our last China Steel Intelligence (CSI) report.

    That CSI also explains why we think steel demand from automotive production could still grow another 6.3% in 2017 to around 46.3mt. Alhough the car purchase tax in 2017 is higher than 2016’s 5%, Custeel also sees 2017 automobile output increasing to 29.48mt, up 5.3%. 2017 annual steel demand could climb to 61.96mt, an increase of 5.1% y-o-y, it says.

    Source: Kallanish.com
  13. forum rang 10 voda 16 januari 2017 17:05
    NSSMC turns to rivals to replace Oita output

    Japan’s Nippon Steel and Sumitomo Metal Corporation (NSSMC) says it is asking JFE Steel and Kobe Steel to produce plate to make up for lost production at its Oita steelworks. The company has still not said when the plate mill at Oita, which was stopped by a fire on 5 January, can resume operation, Kallanish notes.

    A fire started in the electrical room of the 2.4 million tonnes/year at around 0200 hours on 5 January and was not completely extinguished for 35 hours. NSSMC had been increasing production at plate mills at its Chiba and Aichi plants but says it has been increasingly difficult to compensate for lost volumes.

    NSSMC had a fairly clear 2016 but was plagued by a series of fires at aging coking plants in 2014-2015.

    Source: Kallanish.com
  14. forum rang 10 voda 16 januari 2017 17:05
    India imposes provisional Chinese/EU coated flats AD duty

    India has imposed a provisional anti-dumping duty on colour-coated/pre-painted flat products imports from China and the EU, valid for six months from 11 January. The value of the duty is the difference between the landed value of these imports and $849/tonne.

    The move follows a recommendation last October from the Directorate General of Anti-Dumping and Allied Duties (DGAD) to implement the duty on the basis these products were being dumped in India (see Kallanish 31 October).

    DGAD’s investigation found imports of the products – falling under HS tariff codes 72107000, 72124000, 72259900 and 72269990 – totalled 412,322 tonnes in April-December 2015 compared to 209,895t in the fiscal year through March 2015. Although apparent consumption rose 48% between the two periods, imports share in consumption also rose to 39% from 29%. Production at the domestic petitioner producers, meanwhile, only rose 6% to 591,385t.

    More recently, in the six months through September 2016 Indian imports of the four products from all origins totalled 102,988t – this was in comparison to 502,197t in the fiscal year through March 2016. The product most imported by far in both periods was paint/plastic coated sheet.

    Source: Kallanish.com
  15. forum rang 10 voda 16 januari 2017 17:06
    Tata Steel appoints new group chairman to board

    India’s Tata Steel Limited has moved quickly to co-opt holding company Tata Sons’ new chairman-designate to its board of directors, Kallanish learns from a stock exchange filing.

    Natarajan Chandrasekaran, currently the ceo and managing director of Tata Consultancy Services (TCS), will become the Tata Sons chairman as from 21 February 2017. He replaces Cyrus Mistry who was unceremoniously off-loaded by the group in October 2016 (see Kallanish passim).

    With his working background almost exclusively relating to the IT sector, it is difficult to assess whether the appointment will benefit or hinder the Tata Group’s efforts to re-organise its troubled UK steel operations.
    On the plus side, Chandrasekaran has been playing an active role in India-UK ceo forums, his profile discloses, which may provide some comfort for those working at Tata Steel Port Talbot.

    He has also received an award from the Dutch city of Amsterdam, for his work in promoting trade and economic relations between the city and India, which should please staff at Tata’s IJmuiden mill.

    Source: Kallanish.com
  16. forum rang 10 voda 16 januari 2017 17:07
    SIIC weighs in on Philippine rebar row

    The Shanghai-headquartered SIIC has written to the Chinese ambassador in Manilla asking for help in resolving a dispute which is holding up its exports of rebar to the Philippines. Charges were filed against its Philippine trading partner Mannage Resources Trading last week. The trader itself had already filed charges against customs officials and requested the help of Philippine president Rodrigo Duterte, Kallanish notes.

    SIICGM Development (Hong Kong) wrote to ambassador Zhao Jianhua warning that the dispute was casting doubts over the whole investment environment in the Philippines. SIIC Shanghai International Trade Hong Kong had signed an agreement with Mannage in early 2016 to begin rebar shipments. Its first 4,900 tonnes cargo was detained by Subic Bay customs however at the request of the Philippine Iron and Steel Institute (Pisi). The current dispute relates to a second 20,000t cargo also impounded in Subic Bay.

    The Department of Trade and Industry has said it will file charges against Mannage for violating its rules. Mannage has already filed charges against DTI and Customs officials saying they acted beyond their remit.

    Mannage has also written to the Office of the President asking for an independent investigation. Mannage and SIIC may be hoping that the political opening between China and the Philippines under Duterte’s administration would help their case.

    Pisi however maintains that irregularities over import clearances should not be accepted and pose safety issues. The Philippines cannot afford to use substandard rebar in areas heavily affected by typhoons, it notes.

    Source: Kallanish.com
  17. forum rang 10 voda 16 januari 2017 17:08
    Turkish domestic longs market stagnates

    Activity in the Turkish long steel market has almost ceased in the past week. Domestic demand has shrunk further due to continued weakening of the Turkish lira and rising economic and political uncertainty, market participants tell Kallanish.

    Current ex-works prices for rebar in Turkey are suggested at $420-430/t, depending on the region, but demand is very weak, sources inform.

    The notable depreciation of the lira since the beginning of the year and fluctuating exchange rate hamper domestic trade. People are anticipating some stabilisation in the exchange rate, sources comment. Furthermore, the visibility is constrained by the ongoing domestic political instability and economic concerns, they add.

    Some rebar producers have opted to concentrate on exports due to the unfavourable situation in the domestic market, says a trader. Demand for Turkish rebar abroad however is also weak (see Kallanish 13 January).
    Local scrap-based longs maker Icdas' rebar and wire rod sales in the domestic market have been closed since 9 January. Integrated longs maker Kardemir meanwhile closed its rebar, wire rod and profile sales on 11 January.

    The standstill in the Turkish longs market and weak demand in export markets has affected the domestic billet market. 

    Currently, ex-works billet prices in Turkey are suggested in the $405-415/t range, depending on the region. However, there are no billet sales in the domestic market at present, according to the interviewed sources. Kardemir's domestic billet sales have been halted since 9 January.
    At the same time, prices for imported billet  are perceived as high by Turkish market participants. 

    "We have slowed down production for a while, anticipating profile prices to rise or billet prices to decline," a profile producer informs. "We still cannot buy CIS billet because it is expensive. If CIS-origin billet price comes down to $400 cfr Turkey, then we could buy," he source says, adding that currently the lowest possible price for UPN angles is $470 ex-works.

    "Demand will not pick up until some political stability is reached, which will support the economy and the lira," a trader comments. "The current lack of stability and visibility push investors off the market," the source adds.

    Source: Kallanish.com
  18. forum rang 10 voda 16 januari 2017 17:09
    Turkish mills adjust domestic scrap buying prices

    Some large Turkish steelmakers raised their domestic scrap purchasing prices in the past week to reflect the further loss in value of the Turkish lira, notes Kallanish.

    Alloy steelmaker Asil Celik lifted its auto-bundle (DKP) scrap-buying price by TRY 40/tonne to TRY 960/t ($258/t) on 14 January after another raise by TRY 40/t over end-December to TRY 920/t on 12 January. Scrap-based long and flat steelmaker Colakoglu's DKP price increased to $915/t on 13 January from TRY 845/t in the end of December. 

    Integrated longs maker Kardemir raised its DKP buying price to TRY 990/t on 12 January from TRY 940/t on 7 January. The latter was up by TRY 70/y over December. Scrap-based longs maker Diler's DKP price has increased to TYR 900/t on 13 January.

    Integrated mills Erdemir and its subsidiary Isdemir keep their buying prices at TRY 940/t and TRY 930/t since December. Scrap-based long steelmaker Kroman's DKP price also remains unchanged since last month at TRY 795/t.

    Since the beginning of the year, the Turkish lira has lost more than 7% of its value against the US dollar, according to analysts. After slipping to more than 3.6 per dollar in the first week of January, the lira reached a new record low of 3.94 against the dollar earlier last week and later appreciated to 3.7 per dollar.

    The pressure on the lira is seen to continue due to the political uncertainty, triggered by the controversial constitutional reform that involves a shift to a presidential system.

    Turkish scrap import prices, meanwhile, slipped slightly to $285-290/tonne cfr Turkey with the new bookings made last week (see Kallanish 13 January). "I don't perceive this as a decline, because the lira continues depreciating," a producer source comments regarding last week's scrap import prices.

    Source: Kallanish.com
  19. forum rang 10 voda 16 januari 2017 17:10
    Tosyali Toyo to begin commercial production this spring

    Turkey-based flat steelmaker Tosyali Toyo's plant is scheduled to start commercial operation in March or April, says local flats maker Tosyali Holding's ceo Fuat Tosyali.

    The 1.2 million tonnes/year plant was put in test operation in December 2016, Fuat Tosyali says in an interview on local TV channel BloombergHT, monitored by Kallanish.

    The $650 million investment is a a 51/49 joint venture between Tosyali Holding and Japanese tinplate maker Toyo Kohan. The plant will produce tinplate, cold-rolled, hot-dip galvanized and pre-painted steel at a site next to Tosyali’s main plant in Osmaniye.

    The plant will provide $500m worth of import substitution to Turkey, Fuat Tosyali says in the interview. Turkey imports some 250,000-300,000 tonnes of tinplate and the plant will be able to meet this demand, he explains.

    Tosyali also plans to gradually put in operation the DRI plant at its steelworks in Algeria, starting from March, says Fuat Tosyali. The Algerian steelworks consists of the 2.5nm t/y direct reduced iron (DRI) plant, a 1.25m t/y electric arc furnace meltshop, 900,000t/y rebar mill and a 700,000t/y bar and wire rod mill. The EAF and rebar mill were started up in 2015 and the wire rod mill also became operational in that year.

    In 2017, Tosyali Holding intends to break ground for a port in the Iskenderun Bay and a 1,300 megawatt (MW) power plant that will use imported coal as feedstock, again in Iskenderun, the ceo adds.

    Source: Kallanish.com
  20. forum rang 10 voda 16 januari 2017 17:12
    Lebanese oil and gas exploration could revive steel

    Lebanon’s approval this month of two decrees to start offshore oil and gas exploration is seen as a positive step for future investment in the country, and could help revive domestic steel production. However, it is likely to be over five years before any potential benefits are felt.

    The bidding round for Lebanon’s exploration blocks will commence within six months, with 14 companies pre-qualified, and authorities expect the exploration phase to last five years. According to estimates collected by Credit Libanais, Lebanese waters contain 12-25 trillion cubic feet of technically recoverable gas, and reserves of 440-675 million barrels of oil.

    “After passing a hydrocarbon law in 2010, [... Lebanon] fell behind neighbouring countries in exploring the Levant Basin owing to internal political blockages,” says credit rating agency Moody’s in a report.

    “Producing hydrocarbons will support the economy’s growth prospects by lowering the cost of energy, now mostly based on inefficient, diesel power generators,” Moody’s continues. Hydrocarbons constituted 20% of Lebanese goods imports, or 6.8% of gdp in 2016.

    “Energy consumption has increased rapidly because of the influx of Syrian refugees,” Moody’s observes. “Additionally, repeated sabotage of the Arab Gas pipeline from Egypt, which has supplied Lebanon with gas in the past, makes it impossible for Lebanon to import natural gas.”

    Sole Lebanese steelmaker Kfoury Metals has been idled since early 2012 because high prices of heavy fuel oil – which feeds its captive power plant – meant it was unable to compete against Turkish and Ukrainian imports. The firm has a 150,000 tonnes/year induction-furnace billet plant and 400,000 t/y rebar mill.

    Although the latest decrees are encouraging, “… the problem is the time frame for implementation is quite long – five to seven years – to see any changes in the Lebanese economy,” a Kfoury official tells Kallanish.

    “We’re still seeing competition from China [... on rebar imports].” An uncompetitive energy tariff, and lack of rebar import and scrap export taxes mean Kfoury has no immediate plans to resume output.
    Maritime disputes with Israel and ongoing Lebanese political divisions are seen remaining obstacles to oil and gas exploration.

    Source: Kallanish.com
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