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Aandeel ArcelorMittal AEX:MT.NL, LU1598757687

  • 23,880 26 apr 2024 11:15
  • +0,340 (+1,44%) Dagrange 23,810 - 24,070
  • 485.579 Gem. (3M) 2,5M

Nieuws en info hier plaatsen (deel 4)

35.173 Posts
Pagina: «« 1 ... 880 881 882 883 884 ... 1759 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 31 oktober 2018 17:01
    Tata Steel will present ultrahigh strength steel XPF1000 for lighter vehicles

    Tata Steel will present XPF1000, a new member of the XPF family, for the first time at EuroBLECH in Hannover, Germany. Available in the first quarter of 2019, the hot-rolled product combines exceptionally good formability with ultra-high strength and consistent material properties. By that, it meets vehicle manufacturers’ increasing demands for lightweight design and production efficiency. With other materials, higher strength comes at the expense of elongation and stretch flangeability. While XPF1000 pairs an ultra-high strength of 1,000 MPa with elongation and hole expansion capacity comparable with that of CP800 complex phase steels. This new steel grade for automotive applications will be available in gauges from 2.0 to 4.5 mm and in widths from 1,000 to 1,600 mm.

    The new XPF steel is suitable for demanding applications where the aim is to save vehicle weight or raise component performance. This can be achieved either through lower wall thickness or more complex shapes without compromising safety, stiffness, durability and other performance parameters. In application studies for chassis and suspension components, Tata Steel was able to demonstrate that, compared with CP800, XPF1000 can save up to 20 percent in weight or increase component strength by 20 percent. The benefits of the material’s production efficiency are currently being quantified in collaboration with customers. The potential for applications in other areas such as seating and interior or body-in-white components is also being explored.

    Mr Paul Cremers, Marketing Manager Chassis & Suspension at Tata Steel said that “When we launched XPF800 in 2015, it was the first hot-rolled steel grade in Europe to combine high strength of 800 MPa with excellent formability. In light of the sustained trend towards lightweight engineering paired with increasing performance requirements, we anticipated demand within the automotive industry for an ultra-high-strength XPF grade. With XPF1000 we have been able to achieve a maximum performance within the XPF concept, which is about achieving high strength with a single-phase microstructure. The outcome is a unique combination of ultra-high strength, outstanding formability and consistent product properties. The feedback from manufacturers to the initial tests on our new XPF1000 has been extremely positive so far.”

    The higher strength level of the new XPF steel is achieved by a greater proportion of nano-precipitation in the single-phase ferritic microstructure. This microstructure delivers the necessary elongation and hole expansion capacity to provide excellent formability. By virtue of the highly consistent product properties it is even possible to guarantee a minimum hole expansion capacity of 40%, which is unique for hot-rolled steels at this strength level. The combination of properties is perfectly suitable for lightweight applications.

    XPF1000 also demonstrates better manufacturability than other hot-rolled advanced high-strength steels (AHSS). The XPF microstructure, for instance, speeds up the rate at which components can be pressed, while the chemical composition improves welding characteristics compared with conventional hot-rolled steels.

    Source : Strategic Research Institute
  2. forum rang 10 voda 31 oktober 2018 17:04
    Kobe Steel announces Q1 results

    The sales volume of steel products decreased, compared with the same period last year. Demand was firm mainly in the automotive sector in Japan, but upstream process equipment was shut down at Kobe Works and consolidated to Kakogawa Works. Sales prices increased, compared with the same period last year, affected by the rise in raw material prices. Sales of steel castings and forgings decreased compared with the same period last year, owing to lower demand for ships. Sales of titanium products increased, compared with the same period last year, owing to expanded sales to the aircraft sector and other factors. As a result, segment sales for the consolidated first quarter increased 2.7%, compared with the same period 3 last year, to 179.1 billion yen. Ordinary income decreased JPY 12.2 billion to JPY 0.8 billion, impacted by inventory valuation. As an initiative under its Medium-Term Management Plan, Kobe Steel has decided on capital investments centered on the new construction of a continuous annealing line for steel sheet at Kakogawa Works to meet the growing demand for automotive ultra high-strength steel. Construction work has already commenced.

    Voor cijfers, zie pdf.

    Source : Strategic Research Institute
    Bijlage:
  3. forum rang 10 voda 31 oktober 2018 17:05
    NLMK Stoilensky to boost concentrate production capacity by 14%

    NLMK Group has embarked on the construction of an additional beneficiation section at Stoilensky. Three new grinding lines (vertical mills) will enable the company to increase its concentrate output from 17.5 mtpa to 20 mtpa and to increase its ore processing capacity from 37 million tonnes to 42 million tonnes by 2020, thus increasing the production of iron ore raw materials for NLMK by 14%. Project investment, including the development of the mine and Stoilensky transport infrastructure upgrades, will exceed RUB 15 bn. The company plans to complete the construction in 2020.

    The additional beneficiation section project involves the construction of a separate building equipped with three vertical mills. The new section will be integrated into a single process chain with the three sections of the Beneficiation Plant. Having passed the medium and fine crushing stages and the high-pressure grinding rolls, ore will be fed into the three vertical mills for further crushing and beneficiation, before being supplied to the Pelletizing Plant for the production of pellets or being shipped to NLMK Lipetsk.

    Konstantin Lagutin, NLMK Group Vice President, Investment Projects, said “Continuous improvement of production processes is among NLMK Group’s strategic priorities. Vertical mills are a breakthrough technology in raw material processing. They are known for low energy and grinding body consumption rates, high reliability, and a smaller scope of construction works as compared to traditional ball mills. The benefits of using such mills at Stoilensky will be two-fold: we will boost production volumes and cut costs. Moreover, Fe content in the ore will increase to 68%.”

    Source : Strategic Research Institute
  4. forum rang 10 voda 31 oktober 2018 17:07
    EU economic outlook 2018-2019 - EUROFER

    Final data for the second quarter of 2018 showed the continuation of slower, but nonetheless steady, economic growth in the EU. GDP grew by 0.4% quarter-on-quarter, the same growth rate as registered in the first quarter of 2018. Underlying figures for the main expenditure components reveal that investment rebounded strongly from its weak first quarter performance and that government expenditure also edged up compared with the previous quarter. Meanwhile, there was some slowdown in private consumption growth and a negative contribution of net trade, in spite of a recovery in exports. This suggests that the downside risks for exports have begun to materialise, as a consequence of the current slump in international trade and a delayed impact of the stronger euro, putting Euro area exporters under pressure. On balance, domestic demand was the main driver of economic growth in the EU in the first half of 2018. France and Italy, and several smaller EU countries, registered a slowdown in GDP growth compared with the first quarter.

    CONFIDENCE INDICATORS
    Following a sideways move in the second quarter, economic sentiment indicators for the euro area and EU28 weakened further in the third quarter of 2018. The latest monthly business and consumer survey conducted by the European Commission shows that industry, consumer and financial services confidence edged somewhat lower, whereas services confidence was largely unchanged and retail trade confidence and particularly construction sector sentiment improved. The mildly downward trend in economic sentiment was primarily the result of a marked deterioration of confidence in the UK and Poland. A similar pattern could be observed in the IHS Markit Eurozone Composite Output Index. The September reading confirmed that Euro area manufacturing activity recorded its slowest rise in output since May 2016.

    In contrast, there was an increase in service sector activity to a three-month high. Underlying data suggest that particularly gains in new export orders have been losing momentum lately, leading to manufacturing companies submitting a weakened assessment of export growth in the near future. Slowing manufacturing activity in the EU was confirmed by Q2 and July-August industrial production data from Eurostat, with EU output growth falling to around 1% year-on-year. Although forward looking indicators so far do not offer clear signs of an immediate rebound, economic sentiment continues to run at an elevated level well above its long-term average, consistent with ongoing and broad-based - though more moderate - economic growth in the EU.

    ECONOMIC FUNDAMENTALS
    With net exports weighing on growth due to slowing global trade and rising protec- tionism, domestic demand looks set to remain the key driver of economic growth in the second half of 2018 and in 2019. Consumer fundamentals are looking robust. Retail sales grew by 3.7% year-on-year over the first eight months of 2018, confirming that household expenditure remained on course for solid growth. Private consumption will be supported by the continuation of favourable labour market trends, resulting in ongoing job gains and declines in unemployment, as well as rising wages. However, these positives will eventually run up against higher inflation. Business investment has been bolstered by rising capacity utilisation, improving profitability and still easy access to and cost of financing. The unexpected strength of domestic and export demand in 2017 led to capacity constraints in several industrial sectors in the EU. Despite slowing export order growth, total order backlogs are high and manufacturers are looking to expand their production capacity. Despite trade-related uncertainty,
    investment growth grew by 3% year-on-year in the second quarter of 2018. Nevertheless, downside risks for the export sector appear to be materialising. Weakening leading export indicators, trade tensions, rising protectionism and continuing uncertainty about the potential implementation of US tariffs on import cars suggest that for the time being the risk profile will remain skewed to the downside. Concerns about the strength of the euro diminished further over the past few months. The euro- US dollar exchange rate fell below 1.15 in October, some 7% lower than the first quarter peak. On balance, net trade is expected to make only a rather modest contribution to GDP growth in 2018 and 2019.

    GROWTH OUTLOOK FOR 2018-2019
    EU GDP is expected to grow at a lower cruising speed in 2018 and 2019, supported by domestic demand, but with net exports weighing down on growth. The greatest risks stem from a global economic context which has become more uncertain due to rising protectionism potentially leading to a further escalation of trade tensions between the US and its trading partners and currency and stock market volatility in several emerging economies. In the EU, tough Brexit negotiations and Italy’s deteriorating fiscal balance pose the main threat to economic growth and stability. The ECB will keep monetary policy conditions accommodative over the forecast period.

    Voor cijfers, zie pdf

    Source : Strategic Research Institute
    Bijlage:
  5. forum rang 10 voda 31 oktober 2018 17:10
    Ajaokuta Steel project requires additional USD 652 million to be operational

    Guardian quoted Genera Manager, Engineering Services of Ajaokuta Steel Company, Mr Babajide Suru as saying that another USD 652 million would be required to complete the project. Mr Suru disclosed that about USD 6 billion has already been sunk into the project, which puts it at 95 per cent completion.

    Mr Saru explained that it could create no fewer than 10,000 direct and over 500,000 indirect jobs in its first phase, when fully operational.

    Source : Guardian
  6. forum rang 10 voda 31 oktober 2018 17:11
    Ternium announces Q3 & 9M results

    Ternium SA announced its results for the third quarter and first nine months ended September 30, 2018. Ternium's operating income in the third quarter 2018 was USD689.3 million, a USD126.2 million increase compared to operating income in the second quarter 2018 mainly due to a USD40 increase in steel revenue per ton and a USD13 decrease in the steel segment's operating cost per ton5, partially offset by lower steel shipments. The company's shipments were 179,000 tons lower sequentially as a result of a 196,000 tons decrease in Mexico and a 58,000 tons decrease in the Southern Region, partially offset by an increase of 76,000 tons in Other Markets.

    Summary of Third Quarter 2018 Results
    EBITDA of USD831.7 million, 17% higher sequentially, with higher EBITDA margin and lower shipments
    Earnings per ADS of USD2.49, an increase of USD0.93 per ADS
    Free cash flow in the third quarter 2018 of USD340.0 million after capital expenditures of USD116.5 million

    Compared to the third quarter 2017, the company's operating income in the third quarter 2018 increased USD339.5 million, due mainly to a 73,000-ton increase in shipments, an USD89 increase in steel revenue per ton and a USD16 decrease in the steel segment's operating cost per ton. The increase in shipments mainly reflected the consolidation of Ternium Brasil as from September 2017, partially offset by lower demand for steel products in the Southern Region and Mexico. Revenue per ton increased mainly as a result of higher realized prices in Mexico and Other Markets, partially offset by lower revenue per ton in the Southern Region.

    Summary of First Nine Months of 2018 Results
    EBITDA6 of USD2.1 billion in the first nine months of 2018, a 50% year-over-year increase mainly as a result of higher EBITDA per ton and higher shipments
    Earnings per ADS of USD5.79, a year-over-year increase of USD2.20 per ADS
    Capital expenditures of USD344.4 million, up from USD282.9 million in the first nine months of 2017
    Net debt position of USD2.1 billion at the end of September 2018, down from USD2.7 billion at the end of December 2017 and equivalent to 0.8 times net debt to last twelve months EBITDA
    Operating income in the first nine months of 2018 was USD1.7 billion, a USD594.2 million increase compared to operating income in the first nine months of 2017 mainly due to a 1.8 million-ton increase in steel shipments, stable steel revenue per ton and a USD24 lower steel operating cost per ton. The increase in volume was mainly a result of the increase in Other Market's shipments, due to the consolidation of Ternium Brasil's slab sales since September 2017. Cost per ton decreased mainly reflecting higher integration in our operations and lower semi-fixed costs, partially offset by higher purchased slab costs.
    Net income in the first nine months of 2018 was USD1.2 billion, compared to net income of USD824.9 million in the first nine months of 2017. The USD385.9 million increase in the year-over-year comparison was mainly due to higher operating income, partially offset by higher net financial expenses and slightly higher effective tax rate mostly as a result of the effect of foreign exchange rate fluctuations.

    Source : Strategic Research Institute
  7. forum rang 10 voda 31 oktober 2018 17:12
    Total EU exports of steel products to third countries fell by 5pct - EUROFER

    Total EU exports of steel products to third countries fell by 5% YoY over the first eight months of 2018. While exports of semi- finished products fell by 3% YoY, total finished product exports fell by 5% YoY owing to a 3% drop in flat product exports and an 8% decline in long product exports. Finished product exports weakened significantly in July and August. Over the first eight months of 2018, Turkey, the United States and Switzerland remained the major export destinations for EU finished product exports, followed by China and Algeria. The main export destinations for EU flat exports were Turkey, the United States, and Switzerland, followed by China and Mexico. These five countries accounted for 59% of total EU flat product exports over the first eight months of 2018. The key destinations for long product exports were Turkey, the United States, Switzerland, Algeria and Canada. This group of five countries represented 56% of total long product exports.

    Flat and long finished steel product exports accounted for 91% of total EU exports over the first eight months of 2018 while semis accounted for the remaining 9% of exports. Flat product exports accounted for 57% of total exports whereas long product exports accounted for the remaining 34%.

    Source : Strategic Research Institute
  8. forum rang 10 voda 31 oktober 2018 17:18
    Mr Chandrababu Naidu sets one month deadline on steel plant

    Deccan Chronicle reported that AP Chief Minister N. Chandrababu Naidu gave an ultimatum to the BJP-led NDA government at the Centre to clear the file over the proposed Kadapa steel plant proposed five years ago and to be set up in Kadapa district within a month. In view of the Centre’s prolonged delay on reasons of poor feasibility to set up the industry, Mr Naidu announced that state government would lay the foundation after one month for the prestigious project if the Centre does not respond.

    Accusing YSRC president YS Jagan Mohan Reddy and his partymen from Kadapa for not showing interest over the pending promises listed in the AP State Reorganisation Act, 2014, Mr Naidu announced completion of the Polavaram project soon even as the Centre has yet to release INR 3,100 crore due towards the ongoing project. He said that water would be drawn through gravity from next April.

    Source : Deccan Chronicle
  9. forum rang 10 voda 31 oktober 2018 17:18
    Formosa Ha Tinh Steel issues FAC to SMS Group for billet mill

    The new semi-continuous billet mill supplied by SMS group to Formosa Ha Tinh Steel Corporation in the Ha Tinh province, Vietnam, has commenced full commercial production. Formosa issued the FAC (Final Acceptance Certificate) to SMS group in June. Jimmy Chen, Head of Long Product Rolling Mills at Formosa, states: “SMS group convinced us with its outstanding number of reference mills and the best technological concept. Our new mill is considered the newest and most modern billet mill in the world with latest design CBD (Compact Breakdown) breakdown mill stand and ultra-rigid CS stands of the latest generation. The CS stands are just the perfect solution for the finishing of large-size billets due to its rigidity and sturdy design.”

    The new billet mill is designed for a capacity of 1,000,000 tons per year of special steel grades in the first phase and up to 2,000,000 tons per year in a second expansion. It is producing 160 and 180 millimeter square billets from blooms of 260 x 300 millimeters and 360 x 450 millimeters in size.

    The blooms, reheated up to 1,250 degrees Celcius, are descaled by means of high-pressure water. The reversible two-high blooming mill stand is equipped with sideguard manipulators and hook-type tilters on the entry and exit side. The state-of-the-art stand design includes a hydraulic unjamming device, roll force measurement, ultra-rigid hydraulically activated keeper plates and roll shifting, to mention but the main highlights. All functions are fully automatic and roll change is performed in less than 25 minutes.

    Provision has been made for a four-sided flame scarfing machine to be installed after the blooming mill. Before entering the continuous mill, the head of the leader pass can be cut off by means of a 10,000 kN bloom shear and the leader section is tilted through 45 degrees with the bar turner. The four-stand continuous mill is of H/V (horizontal/vertical) design. All stands are of CS design.

    A key feature of the mill is the 3,800 kN four-crank shear designed to cut billets of up to 180 millimeters square into lengths of 10 or 12 meters and essential in safeguarding high utilization and low production costs. Also the head and tail ends are cut. As the lifetime of the shear blade is much longer than in saw-type cutting, the specific cutting costs are approx. 10 times lower. At the same time, utilization of the mill is much higher.

    All billets are cooled on two turn-over type cooling beds where they receive their final high straightness. Each billet is marked with a stamped number and weighed separately at the end of the cooling bed. Both, billet ID and weight are reported to the Level 2 system which forms the basis of a well-organized storage system and production planning for the downstream mills.

    The loading area of the mill boasts four loading beds. Via three of the loading beds, the billets can be sent directly to the storage bays of the downstream rolling mills. Alternatively, they are sent to an intermediate storage area where they cool down to below 50 degree

    Celsius so that they can be processed through the fully automatic inspection and grinding line which was also supplied by SMS group.

    SMS group also supplied the complete electrical and automation package, including complete Level 1 and Level 2 automation.

    Source : Strategic Research Institute
  10. forum rang 10 voda 31 oktober 2018 17:19
    Japan infuriated by South Korean order of Nippon Steel to compensate WWII workers

    Reuters reported that Japan denounced South Korea's Supreme Court ruling ordering Japan's Nippon Steel & Sumitomo Metal Corp must compensate four South Koreans for their forced labour during World War Two as unthinkable. The ruling prompted a swift and angry reaction from Tokyo with Japanese Prime Minister Shinzo Abe, speaking in parliament, said the matter had been completely and finally settled by the 1965 treaty and this verdict is a decision that is impossible in light of international law

    Foreign Minister Taro Kono, who summoned South Korean ambassador Lee Su-hoon after the verdict, said it fundamentally overturned the legal basis for bilateral friendship since the normalisation of ties in 1965. Kono told reporters he hoped Seoul would do what was needed to prevent the matter from affecting cooperation between the two US Asian allies in trying to rein in North Korea's nuclear program.

    Japanese Deputy Chief Cabinet Secretary Kotaro Nogami told a news conference that if Seoul did not respond promptly, Tokyo would consider its options, including international arbitration.

    There are 14 similar damages lawsuits pending in court against firms including Mitsubishi Heavy Industries Ltd and Mitsui Mining and Smelting Co Ltd. A panel endorsed by the South Korean government in 2012 unveiled a list of 299 Japanese companies which it said committed "war crimes".

    Source : Reuters
  11. forum rang 10 voda 31 oktober 2018 17:20
    Primetals Technologies to upgrade Texas steel mill

    Vinton Steel LLC of Vinton, Texas, has signed a contract with Primetals Technologies for an upgrade of its bar mill. The upgrade will enable Vinton to reduce delays, increase productivity, improve bundle quality, and enable the mill to handle bar up to 80-foot lengths. Start-up is expected for early 2020. The project consists of a complete bar handling arrangement from cold shear to product unloading, which includes a 660 short ton cold shear, cold shear run-out table, gauge beam, short bar handling system, bar counting equipment, bundle forming equipment, bundle tying and bundle storage. In addition, Primetals Technologies will supply an optical bar counter with positional layer separation, electrical equipment, automation and installation engineering.

    Vinton Steel LLC is a 300,000 short tons per year mini-mill that uses EAF technology to produce various lengths of rebar in sizes from #4 to #18 for the construction industry. It also produces smooth rounds to manufacture grinding balls for the mining industry in sizes that vary from 1-1/2-inch to 4 inches in diameter. Founded in 1962, the company was acquired in December 2016 by Kyoei Steel Ltd. of Japan, who is a leading international group in mini-mills.

    Source : Strategic Research institute
  12. forum rang 10 voda 31 oktober 2018 17:21
    Bhushan Steel posts profit for Q2

    Bhushan Steel, which was acquired by Tata Steel in May, has posted a standalone net profit of INR 60.7 crore for the quarter ended September 2018 as against a net loss of INR 467.43 crore in the year-ago period. Its total income during July-September quarter increased to INR 5,907.47 crore, over INR 4,325.60 crore in the year-ago period. Total expenses of Bhushan Steel increased to INR 5,941.48 crore, over INR 5,669.91 crore in the corresponding quarter of the previous fiscal.

    In May 15, the NCLT approved the resolution plan submitted by Tata Steel Ltd, which provided, inter alia, the acquisition of the company by TSL, through its wholly owned arm Bamnipal Steel Ltd (BNPL).

    Source : Strategic Research Institute
  13. forum rang 10 voda 31 oktober 2018 17:21
    Update on resolution process for Uttam Value, Uttam Galva Metallics

    ET, citing a person aware of the development, reported that Prudent ARC, Asset Reconstruction Company (India) Limited (Arcil), a consortium led by SSG Capital Management and another consortium led by New Zone Intertrade FZE have joined the list of eligible resolution applicants for debt-ridden Uttam Value Steels and Uttam Galva Metallics. ET had reported on October 12 that JSW Steel, Liberty House, Aion Capital, Phoenix ARC and SSG Capital had submitted expressions of interest (Eols) for the two subsidiaries of Uttam Galva Steels that owed INR 3,200 crore and INR 2,200 crore, respectively, to lenders. SSG Capital has tied up with Synergy Metals and Mining Fund and ART Special Situations Finance (India) whereas New Zone Intertrade has shown interest along with Glacier Blue and Cheer Keen.

    APL Apollo had also submitted an Eol for Uttam Value Steels alone but was not identified as an eligible resolution applicant as it is preferred that a resolution applicant shows interest in both assets owing to their interconnectedness; said people aware of the matter.

    The State Bank of India had initiated insolvency proceedings against the company in December last year with the Mumbai bench of the National Company Law Tribunal and another petition was filed by the bank with the Chandigarh bench against Uttam Galva Metallics. Rajeev Chakraborty from PwC is the resolution professional for both companies.

    Uttam Value Steels (previously known as Lloyds Steels Industries) is listed on the stock exchange and has a hot-rolled production capacity of 1 million tonnes in Wardha. It buys pig iron from Uttam Galva Metallics, which is privately owned by the group.

    Source : ET
  14. forum rang 10 voda 31 oktober 2018 17:22
    New vanadium added steel rebar standards to take effect in China

    Lorna Nicholas wrote in Small Caps that as China’s November deadline to incorporate more vanadium in its steel rebar takes effect tomorrow, vanadium investors are left wondering the impact this will have on the commodity, which is already experiencing a tight market that has driven its price up more than 840% in the last two years. China’s Standardization Administration announced the new high strength rebar standard back in February this year, saying it would officially come into effect on 1 November 2018. Under the new standard, 0.03% vanadium will be incorporated in grade three steel, with this amount increasing with each grade to require more than 0.1% in grade five rebar.

    Vanadium organization Vanitec’s John Hilbert said the new standard is a positive development towards boosting vanadium consumption world-wide. He said “Vanadium is the most common addition for high strength rebar, because it offers the best combination of high strength, good ductility, bendability, weldability and reduced sensitivity to strain aging. Additionally, when incorporated in the steel rebar, vanadium can be used in economical hot rolling practices.”

    This rapid vanadium growth is expected to continue, propelled by China’s new steel rebar standards and the fact that many Chinese-based steel manufacturers are believed to be short of vanadium.

    A commonly traded vanadium product is 98% pure vanadium pentoxide. Since the start of 2017, the price for this product has risen from around USD 3.50 per pound to its current value of more than USD 33/lb – equating to a hike of more than 800%. Ferrovanadium, which is another traded vanadium product has grown from an average of USD 33 per kilogram in 2017 to push past USD 100/kg in September.

    With tighter environmental regulations, new rebar steel standards, lack of imminent vanadium supply in the pipeline, and a booming steel sector, vanadium consumption would continue to grow creating even more constricted market conditions.

    Analysts such as Roskill are predicting vanadium consumption will reach around 133,000 tonnes per annum by 2025 and this estimate doesn’t take into account the mounting demand for the commodity in redox flow batteries. In 2017, about 90% of vanadium was swallowed up by the steel industry, with the redox flow battery market accounting for a mere 2% of vanadium production. However, vanadium consumption in redox flow batteries is predicted to soar to 20% of global production by 2030 as the sustainable energy revolution surges ahead.

    Source : Small Caps
  15. forum rang 10 voda 31 oktober 2018 17:52
    JFE cuts profit outlook on severe rains and BF glitches

    Reuters reported that Japan’s No 2 steelmaker JFE Holdings cut it’s annual profit forecasts on Tuesday due to technical glitches at their plants and higher costs of electricity, distribution and subsidiary materials. JFE trimmed its recurring profit forecast for the year to March 31 to JPY 250 billion (USD 2.2 billion) from an earlier estimate of JPY 260 billion. The reduction comes as JFE now expects to produce 28 million tonnes of crude steel for the year, down from its previous plan of 29 million tonnes, due to severe rains in July and September and technical trouble at one of its three blast furnaces in western Japan.

    JFE Executive Vice President Shinichi Okada told a news conference “The No 2 furnace in Kurashiki steelworks has been shut since Oct 23 due to technical trouble, but we expect the furnace to resume operation in November and return to full operation in late December.”

    Source : Reuters
  16. forum rang 10 voda 31 oktober 2018 17:56
    EC opens in-depth investigation into Tata Steel and ThyssenKrupp JV

    The European Commission has opened an in-depth investigation to assess the proposed creation of a joint venture by Tata Steel and ThyssenKrupp, under the EU Merger Regulation. At this stage, the Commission is concerned that the merger may reduce competition in the supply of various high-end steels. Commissioner Margrethe Vestager, in charge of competition policy, said “Steel is a crucial input for many of the goods we use in our everyday life, and competitive steel prices are vital for the European economy. Industries dependent on steel employ over 30 million people in Europe and we must be able to compete in global markets. This is why we will carefully investigate the impact of the planned combination of Tata Steel's and ThyssenKrupp's steel businesses on effective competition in the steel markets.”

    Tata Steel and ThyssenKrupp are major integrated producers of flat carbon steel and electrical steel with significant production facilities in the European Economic Area (EEA), in particular in Germany, the Netherlands and the UK. With the transaction, Tata Steel and ThyssenKrupp would combine their European carbon steel and electrical steel businesses in a joint venture.

    The Commission's initial market investigation raised several issues relating in particular to combining both companies' offer of certain specialty flat carbon steel and electrical steel products, namely:

    Steel for automotive applications, which concerns various types of steel, predominantly galvanised, that are used to produce cars and car parts

    Metallic coated steel for packaging, which is used to produce various packaging solutions, such as food and aerosol cans

    Grain oriented electrical steel, which is used to produce a variety of engineering products such as transformers

    At this stage, the Commission is concerned that, following the transaction, customers would face a reduced choice in suppliers, as well as higher prices. These customers include various European companies, ranging from major corporations to numerous small and medium-size enterprises (SMEs). Many compete with imported products in the EEA, or export their products outside Europe and compete globally.

    The Commission will now carry out an in-depth investigation into the effects of this transaction to determine whether its preliminary competition concerns are confirmed.

    Source : Strategic Research Institute
  17. forum rang 10 voda 31 oktober 2018 19:13
    Domestic market steel absorption capabilities brighter than earlier - Mr Sushim Banerjee

    Mr Sushim Banerjee DG of INSDAG in his personal capacity wrote in Financial Express that HRC price in the domestic market of USA which was ruling at USD 716 per tonne in March’17 (the month of duty imposition) is now available at USD 918 per tonne, a rise of 28%. Amidst a good deal of global trade frictions in steel industry causing uncertainties in the growth and development of some of the large steel exporters like Japan, South Korea, Russia, Ukraine and Turkey, the world Crude steel production at 1.347 billion tonnes showed a 4.7% rise in the first 9 months of 2018 as compared to last year. The global capacity utilisation has moved up from 72.3% in the month of March’17 to 77.5% currently. Although monthly global consumption and trade data on steel are not available, it is safe to conclude that domestic market absorption capabilities have been brighter than earlier to warrant the current production growth. This is more than justified by reasonably high domestic prices effective in various countries.

    Following the imposition of additional duties on steel and aluminium by USA under section 232, the domestic prices in US market have gone up substantially (average transaction by 30%) in the past one and half year. HRC price in the domestic market of USA which was ruling at USD 716 per tonne in March’17 (the month of duty imposition) is now available at USD 918 per tonne, a rise of 28%.

    Similarly the CRC price at USD 948 per tonne in March’17 is currently available at USD 1034 per tonne rising by 9.1%. The domestic price of HDG sheet at USD 1122 per tonne currently exhibits a growth of more than 12% during the last 18 months. The capacity utilisation in US mills has gone up by minimum 5-6% during the period.

    In comparison, EU (North) domestic price of HRC which was Euro 565 per tonne in March’17 is currently ruling at Eur 557 per tonne, a rise of (-) 1.5%. CRC in the domestic market of EU available at EUR 665 per tonne in March’17 is currently available at EUR 632 per tonne, a growth of (-) 5.0%. However, as dollar is getting strong with the revival of US economy, the dollar denominated prices of HR Coil in Northern Europe shows a rise of 3.7% and CRC exhibiting more or less no rise during the period.

    Similar comparison indicates that Chinese domestic price of HRC available at RMB 3285/t in March’17 is currently ruling at RMB 4190 per tonne, a rise of 27.5%. HDG price (Hot Dip Galvanising) in China at RMB 4940 per tonne in March’17 has moved up to only RMB 4975 per tonne in October’18, a rise of 0.7% in the last one and half year.

    In terms of dollar there is a negative rise in some of the products. For India the price rise in HRC in the domestic market at Rs 42,890 per tonne (ex-works w/o VAT) in March’17 is currently ruling at Rs 46,500 per tonne (Ex-works w/o GST), a rise of 8.5% during the period. The fall in exchange rate from Rs 65.5 per dollar in March’17 to the current level of Rs 73.4 has made the increase negative.

    The spread between US domestic price and prices ruling at other major markets like EU, China and India is significant and even after imposition of 25% duties; some of these categories from EU, India and Turkey would still be competitive in US market. This is a very special scenario.

    In cases of AD, CVD and SD imposed by the affected country, the injury aspect is supposedly fully taken care of by the duties and it has been generally observed that in the post duty imposition phase, there is a substantial reduction of exports from those countries charged with causing injury. Similar scenario has emerged in USA.

    While Japan is aggrieved by not getting exclusion, South Korea has entered into a truncated volume agreement. But EU has not yet found any solution and the reduced export regime with USA is continuing. For China, it is no less than a trade war, each retaliating on the other with no plausible solution visible in the coming weeks. India’s export of HRC to USA is already facing AD/CVD in addition to fresh imposts of 25% duty.

    It is interesting to see that containment of exports of Japan, Korea, Turkey, Russia, to USA has reflected in the production performance of these countries. During the first 9 months of 2018 the crude steel production in Japan, South Korea, Russia, Turkey has grown by 0.4%, 2.0%, 0.9% and 0.9% respectively against the global average rise of 4.7%.

    Exports from India and China have also gone down as compared to last year, however, the production growth in these two countries have observed one of the highest rise during the period.

    Source : Financial Express
  18. forum rang 10 voda 31 oktober 2018 19:14
    Robust Q3 results credit positive for POSCO - Moody's

    Moody's Investors Service, a global credit ratings agency said that POSCO's robust third-quarter earnings results are "credit positive" for the South Korean steelmaker. Last week, POSCO reported a 17 percent on-year jump in net profit in the July-September quarter to 1.058 trillion won (USD 931 million) from 906.6 billion won a year earlier. The net gain was helped by increased shareholding gains from affiliates. Operating profit jumped 36 percent on-year to 1.531 trillion won, with sales up 9.1 percent to 16.412 trillion won. POSCO revised up its sales target for 2018 to 64.8 trillion won from the 64.1 trillion won it set early on in the year. In 2017, it posted sales of 60.7 trillion won.

    Moody's analyst Sean Hwang said in a statement that POSCO's solid results are "credit positive because they support the company's Baa1 rating and reflect continuing favorable operating conditions. These conditions are underpinned by solid steel prices, moderate raw material costs and mainly healthy operating performances at its key subsidiaries.”

    Moody's expected that recovery in some domestic end-markets, such as shipbuilding, continued capacity reduction and strict environmental measures in China will underpin the steelmaker's earnings in 2019.

    Source : Strategic Research Institute
  19. forum rang 10 voda 31 oktober 2018 19:15
    Tata Steel installs EFD Induction equipment in UK plant

    The Fabricator reported that TATA Steel, a producer of welded tube, has installed a 750 kW Weldac from Norway-based EFD Induction on a 6-in. stretch-reducing mill at its Corby, UK, plant. This unit was installed on a mill that produces mother tube hollow fed directly to a stretch-reducing process.

    Typical welded diameters are from 139.7 to 190 mm (5.5 to 7.5 in.), with wall thickness up to 10 mm (0.39 in.).

    Source : The Fabricator
  20. forum rang 10 voda 31 oktober 2018 19:46
    Big discounts on low-grade iron ore are here to stay in Western Australia - Flinders Mines

    Big discounts for lower grade iron ore are here to stay says explorer Flinders Mines, which is searching for a way to upgrade the product at its Pilbara Iron Ore Project (PIOP) in Western Australia. Lower grade iron ore was discounted by up to 40 per cent last year as Chinese steelmakers increasingly favoured higher quality feedstocks (above 62 per cent iron) to boost mill productivity and meet more stringent pollution control measures. Widening market discounts and penalties associated with lower than 62 per cent iron ore product — as well as high alumina and silica impurities – “appear to be of a structural nature”, said Pilbara-based Flinders.

    Pilbara-based Flinders said that “It is the view of the company that such discounts and penalties could have a material effect on the pricing of the probable PIOP iron product. Due to this concern the Company has started work on the options to upgrade the potential PIOP product grade and to add to the existing JORC resources available for mining.”

    JORC refers to the mining industry’s code for reporting exploration results, mineral resources and ore reserves, managed by the Australasian Joint Ore Reserves Committee. This work will continue during the December 2018 quarter.

    The company said that completing this work will incur “significant costs, and its progress in 2019 will be subject to the availability of funding. The PIOP – near Tom Price in Western Australia’s iron ore-rich Pilbara region - currently hosts a mineral resource of 1042 million tonnes of iron ore grading 55.6 per cent iron.

    Source : Stockhead
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