Eurobench.com

voda 1 december 2014 17:23

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Baosteel Stainless expects higher nickel prices in 2015

Mr Yao Qizhong, a senior analyst of Baosteel Stainless Steel Company at 2014 SMM China Metals Summit said that nickel price is expected to rise in 2015.

Mr Yao said that LME nickel price will edge higher to USD 17,500 per tonne to USD 18,000 per tonne next year, added that Indonesia’s ore ban, the monsoon season in the Philippines as well as the El Nino climate phenomenon and the government's rigorous environment protection inspections are the keys that support nickel prices.

Source - www.yieh.com

guusje 1 december 2014 17:25

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quote:
voda schreef op 23 november 2014 14:40:
[...]
Via Google translate kan je eenvoudig velen talen vertalen, zie link:

translate.google.nl/

Het is geen perfecte vertaling, maar het is leesbaar.

Bank verlaagt prijs van nikkel prognose over de stijgende productie van alternatieve metal

Goldman Sachs heeft zijn nikkel prijs voorspelling voor volgend jaar met 20%: vanwege aanhoudende productie van een lagere rang alternatief in China.

De heer Roger Yuan, analist bij Goldman Sachs zei dat "nikkel zou gemiddeld USD 17.500 per ton volgend jaar, een daling van haar schatting van USD 22.000 Eerder."

China's productie van nikkel ruwijzer, een substituut voor de verfijnde metalen, zou hoger zijn dan verwacht voor dit jaar en 2015. Nikkel is gestegen met 17% tot dusver dit jaar als Indonesië, de grootste producent van nikkel uit mijnen, een verbod op onbewerkte erts export in januari. De voorraden in de magazijnen van de London Metal Exchange monitoren uitgebreid van 49% dit jaar.

De heer Yuan zei dat "de markt, waaronder ons wat DUIDELIJK verwacht een veel strakkere nikkel markt in 2014. Sterker dan verwachte levertijd van lateriet nikkel uit de Filippijnen en aanzienlijke afbouw van voorraden van China's onshore lateriet nikkel ruwijzer, en weerspiegelen de inventaris, heeft geresulteerd in een lager dan verwachte nikkel ruwijzerproductie bezuinigingen. "

Nikkel voor levering in drie maanden op de London Metal Exchange steeg 0,5% tot USD 16,230 per ton in Hong Kong op donderdag. Daalden de prijzen met een zeven maanden laag op 28 oktober

Bron - Bloomberg

Perfect vertaalt, bedankt

voda 2 december 2014 17:20

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Outokumpu offers PRODEC for enhanced machining

Outokumpu has produced the PRODEC family of specialty stainless steels for over thirty five years using special melting and proprietary ladle metallurgy techniques to provide maximum machinability while retaining good mechanical properties and corrosion resistance. PRODEC (which stands for PRODuction EConomy) is a premium quality of stainless steel designed for customers with high volume machining operations where uniform consistency of properties from bar to bar and heat to heat are critical.

Mr Lou Kern, Outokumpu's Senior Vice President for Bar said that "If the bar properties are extremely uniform, then the machine operator doesn't have down time in adjusting the settings on his equipment when a new bar or new batch of bar is inserted into the machine."

Enhanced Machinability;
PRODEC is melted to a closely controlled chemistry and ladle treated to achieve control of the composition, amount, size, shape and distribution of the nonmetallic inclusions (sulfides and oxides) normally occurring within a standard stainless steel. These controlled inclusions provide for better chip breaking and for reduced wear of carbide tooling at high machining speeds.

Mr Kern said that "By minimizing down time for tool adjustments and tool replacement, PRODEC grades can help our customers become more profitable. PRODEC is designed for high performance, offering tooling and machining customers an opportunity for faster machining speeds, longer tool life, improved part quality, and lower total cost of machined parts.”

Premium Quality;
Outokumpu PRODEC bar shows the same yield strength, tensile strength, elongation, hardness, and toughness as conventionally produced bar. Yet its corrosion resistance is equal or superior to that of stainless steel of the same grade. PRODEC bar is available in 303, 304, 304L, 316, 316L, and 17-4 and meets all requirements of ASTM, ASME, and other specifications. 17-4 PRODEC was made available in 2014.

Mr Kern said that "We developed this new premium bar product as a direct result of growing market demand for better-machining 17-4 stainless steel. Customers specify 17-4 for its ability to be age hardened along with its high strength and corrosion resistance. But many of them were looking for the premium machining performance in 17-4 that they have come to expect in our other PRODEC stainless grades."

Source - Strategic Research Institute

voda 4 december 2014 17:01

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Tang Eng to raise stainless steel prices for Dec

Tang Eng Iron Works, one of the major stainless steel producers in Taiwan announced to raise its domestic prices for 300 series stainless flat rolled steel products by TWD 1,500 per tonne to TWD 2,500 per tonne for December deliveries due to higher nickel prices.

After the adjustment, its domestic prices for 304 hot rolled coils with thickness of 2 mm and cold rolled coils with thickness of 2mm are at TWD 79,500 per tonne and TWD 86,300 per tonne respectively. Tang Eng will also increase its export prices by USD 60 per tonne.

Source - www.yieh.com

voda 6 december 2014 16:29

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Outokumpu to invest in mercury cleaning technology at Tornio plant

Outokumpu’s Tornio plant has made continuous and long time study to find an appropriate mercury cleaning technology to further reduce mercury emissions. A suitable technique has now been found and Outokumpu will invest in mercury cleaning technology at Tornio plant.

Mercury is a foreign matter in stainless steel production: Outokumpu does not use mercury at all in its stainless steel production. Yet small amounts end up in the process in recycled steel which sometimes contains mercury.

Mr Hannu Hautala, Senior Vice President, Outokumpu Tornio Business Line said that "We have found a method that is suitable for use in the Tornio melt shop process, and cleaning equipment have been piloted since last summer. The method proved to be effective and safe, and Outokumpu has made an investme?nt decision of 400 000 euros to acquire own installations".

On the basis of test results mercury cleaners further reduce Tornio plant mercury emissions significantly. In the stainless steel industry, Outokumpu is among the few producers who monitor mercury concentration and emissions with continuous measurements, and has acquired also a second continuous measuring device.

On the basis of test results mercury cleaners further reduce Tornio plant mercury emissions significantly. In the stainless steel industry, Outokumpu is among the few producers who monitor mercury concentration and emissions with continuous measurements, and has acquired also a second continuous measuring device.

The long term measurements of mercury concentration in vegetation indicate that the levels of mercury concentrations in Tornio and Haaparanta are same as elsewhere in the Nordic urban areas, and significantly lower than in Central Europe.

Mr Hannu Hautala said that “Outokumpu produces stainless steel with the lowest emissions in the world. Over a period of 10 years we have implemented more than 400 million euros in direct environment investments Group-wide, and have reduced our carbon footprint by 25%. The carbon footprint of the Outokumpu Kemi-Tornio supply chain is the smallest in the world compared to other stainless steel producers. In addition, Outokumpu makes use of more than 80% recycled material."

Source – Strategic Research Institute

voda 6 december 2014 16:29

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Nickel price growth promotes stainless steel market - TISCO

On November 28, TISCO assured the investors that nickel price growth will support and promote stainless steel price to go up. There are several factors that influence products’ prices. The increase of raw materials price will normally back up products’ market.

Source - www.steelhome.cn/en
China steel information centre and industry database

voda 6 december 2014 16:32

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Nickel rises after Indonesian court ruling

Nickel climbed to a one week high overnight following news that Indonesia’s Constitutional Court upheld a ban on exports of unprocessed ore.

This decision impacts the price of the metal due to Indonesia being the world's biggest producer.

Nickel for delivery in three months added 1.6% to settle at USD 16,595 per tonne on the London Metal Exchange.

The session high was USD 16,698, the best price since November 24. Nickel has gained by around one fifth this year.

Source - Proactive Investors

voda 6 december 2014 16:32

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China's stainless steel exports to touch 3 MT in 2014

According to data released by the Chinese customs showed that China’s exports of stainless steel coils and sheets surged by 35.95% to 217,000 tonnes in October compared to the same period a year ago.

China’s export key markets remained Taiwan and South Korea. During the first ten months, China’s exports of stainless steel coils and sheets totaled 2.49 million tonnes, soaring by 58.07% compared from the corresponding period a year earlier.

It is estimated that the country’s exports of stainless steel products will touch 3 million tonnes in 2014.

Source - www.yieh.com

voda 7 december 2014 16:25

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Guangqing 2014 stainless steel billet output hit 1 million tonnes

Reportedly, Guangqing Technology Plant stainless steel billet output in 2014 hit 1 million tonnes and set a new record.

The plant was put into operation in May, 2012, and its output in that year was registered at 550,000 tonnes, which reached 980,000 tonnes in 2013.

Source - www.steelhome.cn/en
China steel information centre and industry database

voda 7 december 2014 16:30

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Aperam to lower stainless steel alloy surcharges

Aperam, one of the major stainless steel producers in Europe said that it will lower alloy surcharge for its stainless steel products in Europe. The new price will become effective from December.

Aperam’s December alloy surcharges for 304 grades stainless steel products are at EUR 1,220 per tonne decreasing by EUR 52 per tonne from October.

The company’s alloy surcharges for 316 grades stainless steel flat products at EUR 1,782 per tonne down by EUR 95 per tonne from the last month. Besides, the alloy surcharges for 430 grades decreased by EUR 3 per tonne to EUR 437 per tonne.

Source - www.yieh.com

voda 8 december 2014 16:52

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Vale to consider base metals IPO only if nickel rallies

Reuters reported that a possible public listing of a stake in the base metals unit of Brazil's Vale SA hinges on a rally in nickel prices of around 20%.

Mr Luciano Siani CFO of Vale SA said that "We want to see nickel prices above USD 20,000 per tonne in order to consider such an option, I would say well above."

Earlier this week Vale, the world's largest producer of iron ore, said it was considering an initial public offering of 30% to 40% of its base metals division, because the unit was undervalued by the market.

Benchmark nickel on the London Metal Exchange closed at USD 16,825 per tonne on Friday after a roller coaster ride this year.

Mr Siani said that if nickel prices reached USD 21,000 per tonne and copper USD 6,600 per tonne next year, the company would meet the lower end of its 2015 target for the base metals unit of USD 4 billion to USD 6 billion in earnings before interest, tax, depreciation and amortisation.

He estimated that if copper and nickel reach those levels, the unit would be worth USD 30 billion to USD 35 billion. If the price increases do not materialize, the IPO is not an option. If the (nickel) prices don't rise, we will not be doing it, definitely not at today's levels. It would not be a possibility.

Investors piled into the market, expecting shortages to develop after top exporter Indonesia imposed a ban on unprocessed ore, but unexpected supply from the Philippines filled the gap, weighing on prices.

Mr Siani said that "One of the reasons that we are considering such an option (an IPO) is that everyone is predicting deficits and that the price will increase."

He estimated that other producers are losing money on around 220 million tonnes of global iron ore mining capacity. If it goes maybe another USD 10 lower than that, it will hurt a lot of other major producers, so that's a strong reason to believe it's not going to happen, unless there's a total collapse in demand that no one has foreseen.

Source - Reuters

voda 9 december 2014 17:01

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Benxi steel developed 0.2 mm stainless steel products

During recent years, extreme thin stainless steel cold rolled products are getting more and more attentions at home and abroad. Under such circumstances, Benxi Steel Dandong Stainless Steel Plant did lots of researches and successfully rolled 0.2 mm stainless steel products.

Source - www.steelhome.cn/en
China steel information centre and industry database

voda 11 december 2014 16:58

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Stainless steel consumption in Russia decreased by 2.7pct - Spetsstal

According to Spetsstal, the volume of stainless steel consumption in Russia over period from Jan till September 2014, compared to the equal time interval in 2013, decreased by 2.7% to 286,790 tonnes.

At that, the volume of domestic output decreased by 19.8% to 103,190 tonnes, exports by 65.3% to 6,920 tonnes and imports increased by 2.3% to 190,520 tonnes.

The share of stainless steel imports in the total amount of consumption increased to 66.4%. To remind, in Q1-Q3 2013, it was 63.1%.

Source – Strategic Research Institute

voda 13 december 2014 15:50

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EU launched absorption investigation on stainless steel wires

The EU has initiated an anti absorption investigation concerning import of stainless steel wires from India. The applicant claims that export prices decreased and there has been insufficient movement in selling prices in the EU following the imposition of the anti dumping duties.

EU will investigate whether the AD duty in force has had an effect on export prices, resale prices or subsequent selling prices in the EU.

Source - www.steelhome.cn/en
China steel information centre and industry database

voda 13 december 2014 15:56

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Tanzanian nickel mine receives strong interest from developers

African Review reported that Australian explorer IMX Resources has received strong interest from several ore developers in its Ntaka Hill Nickel Project located in southeast Tanzania

The Ntaka Hill Nickel Project, in the Nachingwea Property, has been receiving attention from various developers after the appreciation in the price of nickel. IMX Resources has opened a data room on the project as a number of parties have expressed strong interest in the Tanzanian project.

Mr Phil Hoskins, acting CEO of IMX, said that “We are very pleased with the strong interest we have received in progressing Ntaka Hill to the next stage. The exploration that has been conducted to date indicates there is potential to establish a nickel project at Ntaka Hill, and there are numerous untested targets which suggest the project has significant exploration upside.”

Mr Hoskins revealed that IMX Resources was keen on securing a transaction for the nickel project, while the company could focus on the assessing the Chilalo Graphite Project and conduct drill tests on the Kishugu gold target.

Source - African Review

voda 15 december 2014 16:43

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Stainless steel kitchenware makers urge PM to halt move of safe guard duty

Stainless Steel cookware, kitchen equipment and cutlery manufacturers and exporters in the country already facing closure due to the global downturn and steep declines in exports have sought immediate intervention of PM as well as Ministry of Commerce for immediate halting any proposed efforts by the Directorate General of Safegaurd Duties (DGSD) at behest a single domestic stainless steel producer to get safeguard duty imposed against import of certain grades and sizes of stainless steel flat products not manufactured in India and widely used by the highly export oriented industry.

The All India Stainless Steel Industries Association (AISSIA), which represents more than 5,000 end user stainless steel Kitchen ware manufacturing and exporting units, employing about three lakh workers across the country has urged the PM Mr Narendra Modi and Minister of Commerce and Industry Nirmala Sitharaman to initiate any investigations or initiate safeguard duty investigations at behest of a single domestic manufacturer namely JSL.

Mr Paresh Mehta, chairman, Export-Imports Sub committee of AISSIA, said that “The domestic producer JSL using its clout has been approaching various trade bodies and forums to pressurize DGSD and Ministry of Commerce to extend safeguard duty on top of Seven anti dumping provisions already imposed on stainless steel flat products. At present stainless steel cookware and kitchen manufacturers consume nearly 55% of the total stainless steel sheets and coils consumed in the country. The total production of various grades and sizes produced by the JSL are not enough to suffice the complex and quality needs of the end user sector engaged in exports.”

Mr Mehta said that “The total consumption of stainless steel is 2.3 million metric tonne, out of which the total imports is merely 0.3 million tonne, and this is certainly not alarming to threaten the domestic market. Currently the specific grades and qualities of stainless steel not produced by domestic manufacturers are being imported, these include high technical materials required by exporting kitchenware and Automobile industry units.”

He said that “The JSL does not produce Bright Annealed (BA) finish stainless steel 400 series for kitchenware applications, the product JSl claims is similar to BA finish Stainless steel is meant for blades not suitable for kitchenware. The exporting unit’s need excellent finish and quality for products for kitchen and hotel industry. JSL also does not make all thickness including 0.3 and 0.4mm – 430 grade for the kitchenware industry. The customers of kitchenware importing countries including Africa both South and North, central America for lower thickness grades currently not produced in the country.”

He added that “Similarly domestic stainless steel producers don not manufacture grades suitable for kitchen knives: JSl doesn’t make 420 J2 grade, an inexpensive, highly corrosion resistant steel with higher carbon, used for the manufacture of kitchen knives. Upon enquiry, they would state that they need a minimum order for 30 tonne to 60 tonne, when the requirement is for 2 tonne. They deliberately quote highly inflated prices and non-committed delivery dates because its not viable for them to cater to this grade. There are several such instances which you will get for the various user industries.”

Mr Mehta said that “JSL also does not manufacture Deep drawing quality 430 grade as it is easy to draw and turn it into any shape. Currently this grade supplied by JSl is of poor quality and defective and unacceptable to customers in Europe, Japan and USA. It is used in Cooking utensils, Dishwashers, Ovens, Range hoods and Refrigerators. Its apparent that Jindal doesn’t have the ability and capacity to cater to the complex needs and demands of our industry. You can extrapolate, that similarly they would not have the ability to meet the highly technical demand of 400 series materials used by various other industry such as Auto and Auto Ancillary, Paper Cutting machineries, Hotel Equipment, Elevators and Escalator industry, Architecture, Dairy Industry and Defense equipment industry.”

He said that "Most of the 5,000 end user stainless steel utensil and Cutlery manufacturing and exporting units mostly concentrated in Maharashtra, Rajasthan, Haryana and Gujarat and having direct export of more than INR 2000 crore are facing closure as they have been adversary hit by the recession and the earlier Anti dumping duty on imports of stainless steel coils the basic raw material for utensils and kitchenware imposed by Ministry of commerce at behest of a single of local manufacturer."

He added that “Moreover the Indian stainless steel industry has a poor range of products with near monopoly of "one producer" namely Jindal Stainless. The small scale firms need to import value-added alloy to compete globally. Moreover, the import in stainless steel flat products take place in those grades and sizes, which the domestic industry does not manufacture.”

He further added that "Industry has urged the PM, Ministry of Commerce and DGSD to immediately halt any unethical move to get safeguard duty imposed on grade and size of stainless steel which is currently not being manufactured in the country and its imports do not affect domestic producers."

Source – Strategic Research Institute

voda 16 december 2014 16:46

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Plus Ten Stainless provides square and rectangular plate using Outokumpu 304 PRODEC

Plus Ten Stainless, Inc a fabricator based outside San Francisco, California (USA) provides square and rectangular plate using Outokumpu 304 PRODEC and 316 PRODEC for the nearby precision machining industry. Most of the stainless plates stocked are precision cut by the Plus Ten team and eventually used in wafer production machines for the semi conductor industry.

Mr Todd Rhodes, President of Plus Ten Stainless, an O’Neal Industries company said that “Our customers require very close tolerances and I’m always looking for ways to control our production process. As a result, he only stocks Outokumpu PRODEC materials. We regularly achieve 25% to 30% faster machining speeds without any heat affected zone around the perimeter when we use PRODEC. We also see our tools lasting longer, sometimes as much as twice as long.”

Mr Rhodes said that “The customer didn’t want to pay the premium (about 23%) for our 304L PRODEC referring to a project that required 315 pieces that needed a water jet cut in the middle. Because of price, we sold the customer 304 pieces of standard grade 304L. To avoid having to order a larger volume of the standard grade, I made up the difference (11 pieces) with PRODEC 304L we had in stock.”

He said that Plus Ten informed the customer that the 11 pieces were PRODEC, so they could track the results. When I called the customer two months later to see how their project turned out, they reported that the 11 PRODEC pieces ‘machined like butter’ while the standard grade pieces were stressing the equipment so much so that they were still struggling to get a good part machined. I think they realized that the premium cost for PRODEC is a far better value once machining and tool life efficiencies are factored in.

Source – Strategic Research Institute

voda 16 december 2014 16:48

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Rupture halts Ravensthorpe nickel mine

The West Australian reported that the ruptured tank in the background and debris in the foreground at the Ravensthorpe nickel project. The ruptured tank in the background and debris in the foreground at the Ravensthorpe nickel project.

The Ravensthorpe nickel operation has been temporarily shut down after the rupture of a leach tank and chemical spill over the weekend.

A spokesman for the mine's owner and operator, First Quantum Minerals, said that West Business a structural failure had occurred in the atmospheric leach tank, which was after the autoclaves in the plant's production process. The spill resulting from the failure has been contained within the plant's bunded area.

He said that no one had been injured in the incident and no adverse environmental effects were expected from the spill. Investigations to determine the cause of the rupture are being undertaken with government regulators.

It is not yet known how soon the plant can be re-started but the rupture is not understood to be catastrophic. About half the operation's 640 staff are believed to be affected by the temporary closure.

Source - The West Australian

voda 17 december 2014 16:53

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Outokumpu quickly becoming a global hit product

Quickly becoming a global hit product, the high chromium ferritic grade Outokumpu 4622 is rooted in R&D excellence and collaboration.

Launched in October 2013, Outokumpu 4622 is the latest addition to the company's ferritics portfolio. The new grade fulfills ASTM UNS S44330 requirements and EN standardization is in the works.

Outokumpu 4622 is also the company's first ever high chromium grade, offering tangible benefits to Outokumpu customers.

Mr Juha Kela, Senior Research Engineer said that Outokumpu 4622 delivers improved performance in terms of corrosion resistance, strength and formability. This makes it a suitable alternative to common austenitic grades, such as 304(L) and the superior performance of the new product has been proved in laboratory tests, too. Furthermore, 4622 has good chloride resistance even including resistance to stress corrosion cracking.

Mr Kela said that "The product is a highly competitive and attractive alternative. The newcomer can be used in a wide range of applications from home appliances and exhaust systems to process equipment and cladding panels. Also pots and pans as well as kitchen utensils could utilize 4622 as the material is almost ridging free, which means less polishing. Hot water boilers are another potential application for the new grade. On the road, one potential solution is the decorative trims of cars."

Feel the steel;
Mr Kela said that Outokumpu 4622 is a high chromium ferritic stainless steel for general use. Since there is no nickel in the product, it is less expensive for the customer than 304(L) yet the corrosion performance level is identical to that of austenitic steel. The grade 4622 also has better deep-drawability than 304(L) meaning that material savings can be achieved as products can now be made from smaller quantity.

Smooth collaboration;
Mr Kela looks back and admits to being impressed by the speed of the R&D project and the quality of the endproduct, of course. It is motivating to see that we were able to create a really strong product that is a great fit for the market. The development of this grade started from market demand: we listened to our customers. Outokumpu can react fast to customer need, as the grade was on the market within three years.

Global success;
Mr Kela said that Outokumpu 4622 has been making waves especially in Asia. Countries like China, Australia and Taiwan have been interested," he says. In Asia, there are rival products which have, however, been alloyed and processed differently but the market is clearly familiar with the concept and eager to try the Finnish steel. And it's not just the Far Eastern market that is heating up: Germany, Italy, Great Britain, Poland and South America are keen on the new product. After the launch, the interest level has been rising constantly and globally.

Mr George Miech from Outokumpu's Business Development team in Australia pointed out that Outokumpu 4622 can compete against Asian 304(L) sheet and coils, which are dominant in the Australian market. The 4622 grade is a good alternative to high chromium ferritics already on the market by Asian producers.

He said that "The new grade is making its way to the market and I am glad to see it targeted as a substitute, for example, with galvanized materials over here. Apart from just booking the material directly, the Melbourne Service Center also offers further processing and adding value through cut to length and No. 4 polishing."

Source – Strategic Research Institute

voda 17 december 2014 21:26

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Leuk nickel nieuws:

www.bssa.org.uk/latestnews.php?id=2284

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Volume gisteren	260.768

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