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Indian steel Ministry asks Industry for Suggestions to Raise Quality of Steel

Times Of India reported that Indian steel ministry asked stakeholders to provide suggestions on ways to increase production of quality steel in India. Minister of State for Steel Faggan Singh Kulaste at India Steel Quality Standards Conference said that "I invite suggestions & ways from industry players, stakeholders to increase the output of quality steel in India and curb the use of low-standard material.”

Mr Kulaste also informed that 53 steel products have been brought under the ambit of quality control order.

In June 2018, sixteen additional steel products have been brought under the ambit of quality control order, a move that will brought around 90 per cent of the steel and steel products consumed in the country under QCO.

Steel Secretary Binoy Kumar had earlier said the Centre is committed to bringing in all steel products under the quality regime. The secretary had said that "Government has put in a set of enablers to help steel industry realise its potential. Ministry of Steel is committed to achieve 100% quality regime in steel products. This will help in restricting the production and import of inferior grade products that are consumed in various important end-use segments such as power distribution, human health and safety of infrastructure and construction.”

Source : Times Of India
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Trump to increase use of American steel in infrastructure projects

Jul. 15, 2019 9:24 AM ET|About: AK Steel Holding Corporation (AKS)|By: Carl Surran, SA News Editor

Steel producers are higher after the White House says Pres. Trump will sign an executive order this week designed to increase the amount of American steel and iron used in infrastructure projects; AKS +2.3%, STLD +1.9%, MT +1.7%, X +1%, CLF +0.8%, NUE +0.7%.

The order will direct agency heads to "encourage recipients of new federal financial assistance awards to use, to the greatest extent practical, iron, steel, aluminum, cement and other manufacturing products" produced in the U.S., according to trade advisor Peter Navarro.
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MMK Recognized as Best Exporter of High-Tech Products in Urals

Magnitogorsk Iron and Steel Works was named the best exporter of high technology products among enterprises in the Urals Federal region of Russia. The winners of the 'Exporter of the Year' awards were announced as part of the Global Manufacturing & Industrialisation Summit 2019, held from 9-11 July in Yekaterinburg. MMK won the regional stage of the competition in the 'Big Business' category and qualified for the final, where they will compete for the national title 'Best Russian Exporter'. The Russian 'Exporter of the Year' award in the field of international cooperation and exports was created by the Russian government and organised directly by the Russian Export Centre (part of the Russian VEB Group).

MMK products are sold in almost 50 countries across the globe: the main exports markets are South-East Asia and countries in the Mediterranean. In 2018, the plant's foreign exports amounted to around 2.4 million tonnes. Another 1.3 million tonnes were shipped to the CIS countries, which is traditionally one of MMK's priority markets along with the Russian domestic market. In the recent ranking of the largest exporters in the Urals and Western Siberia, 'Urals Export: Top 100', MMK Group took third place.

The high quality of products, the wide range of products, which is the widest among the CIS countries, consistent improvement work on the sales system and increases in delivery efficiency, all helped MMK maintain its position in the export markets. In addition, MMK's array of manufactured plant products are the only export products that are tailored to the requirements and specific conditions of a country. MMK's successful work in global markets is also facilitated by the development of a wide range of innovative products with enhanced consumer characteristics, such as the MAGSTRONG brand of high-strength wear-resistant and structural steels.

The final results of the 'Exporter of the Year' awards will be announced on 14 November 2019 in Moscow as part of the International Export Forum 'Made in Russia.'

Source : Strategic Research Institute
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Hoa Sen Will not be Affected by US Anti-Dumping Tax

Vietnam Steel maker Hoa Sen Group has said its business will not be affected by the US Department of Commerce’s preliminary ruling on the circumvention inquiries it made into Vietnamese cold rolled steel and corrosion-resistant steel exports. Deputy general director, Mr Vu Van Thanh, said that "Hoa Sen used materials from Viet Nam or materials which did not originate in Taiwan or RoK for making products to export to the US."

His company has closely co-operated with the department by supplying all documents about the materials’ origin, he said. He said that "In recent years, the company has been improving product quality to meet all the requirements applied by the department and so we have exported big volumes to this market."

Earlier this month, the US Department of Commerce imposed a 456% tax on Vietnamese cold-rolled steel and corrosion-resistant steel using raw materials imported from Taiwan and South Korea.

Source : Vietnam News
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Bara Steel Mill Owners & Workers Protest Excise Duty in Pakistan

Owners and workers of steel mills in Bara staged a demonstration against the imposition of federal excise duty on all industrial units in tribal districts. The protesters blocked the Frontier Road, shouted slogans against the FED imposition, and established a protest camp near the Bara Press Club. President of the All Fata Steel Mills Association Mohammad Aslam told protesters that the imposition of FED went against the federal government’s policy of exempting all tribal districts from taxes for at least five years following the Fata-KP merger last year.

He said the FED’s imposition had led to the closure of at least 35 steel units in tribal districts along with Malakand division as they couldn’t afford to pay that tax after suffering huge losses due to militancy and military operations over the last decade.

Mr Aslam said the closure of steel units had risked the jobs of thousands of workers besides adversely affecting the efforts meant for the revival of industrial activities in tribal districts.

He criticised the federal government for treating tribal districts like other districts of the country for tax imposition.

He added that “No federal governments extended us any support for the revival of our terrorism-affected industry, while the current government has imposed taxes on us at a time when we are reeling under the financial losses, which we had suffered during the last decade.”

The association president said several surveys were conducted for the payment of compensation to mill owners for their damages but ironically, no payments had been made to them.

He said the protest would continue until the FED was withdrawn.

Source : Dawn
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Two Companies Interested in Bosnian Jelsingrad Livar -Report

SeeNews reported that sale of Bosnian steel foundry Jelsingrad Livar has attracted the interest of two bidders. News daily Glas Srpske quoted the director general of Jelsingrad Livar, Miodrag Brdar, as saying that "I have received information from the Livar Group that two companies have applied for the share purchase but all further details remain a business secret for the time being.”

The majority owner Livar, one of Slovenia's largest foundries, has offered for sale on the Banja Luka Stock Exchange its 68% stake in the Bosnian company divided into 23.99 million shares. The deadline for submitting bids expired on July 4, Glas Srpske said.

Brdar said that Jelsingrad Livar operates at full capacity at present and has agreed orders by the end of October. He added that "We produce 120 tonnes of steel per month at present and plan to increase production to 150 tonnes by the end of the year.”

Source : See News
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NLMK Launches Green Coke & Chemical By-Product Recovery Complex

NLMK Lipetsk has launched a recovery complex to capture and process chemical by-products from coke and chemical operations. The project will enable an increase in the production of raw materials for the chemical industry and for agribusiness, and halve the shop's air emissions. The new complex was built with the use of best available technologies. It captures the entire volume of gas generated during the heating of coals in coke oven batteries and purifies it, while the chemicals released during the purification process are further processed into products for third parties: benzene, ammonium sulphate, etc. Purified coke oven gas is used as fuel for the coke ovens themselves and for the site's power plants.

The company’s total investment in the project amounted to RUB 4.6 billion.

Mr Konstantin Lagutin, NLMK Group Vice President, Investment Projects, said that “The chemical by-products recovery complex that combines coke oven gas flows from all coke batteries is practically waste-free. It is designed using advanced technologies and ensures efficient gas purification, process safety and high environmental performance.”

Source : Strategic Research Institute
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Severstal & Evraz Launch Joint Online Sale of Metal Products

PAO Severstal and EVRAZ Metal Inprom JSC are launching a joint technical sales platform at the site of the Severstal online store market.severstal.com as part of the Online Storefronts pilot project. The purpose of the joint project is to expand the geography of sales within Russia through the use of partners' warehouse infrastructure. At the moment, any existing or potential client of the company (except for individuals) of the online store Severstal can purchase a hot-rolled sheet from the EMI warehouse in Tula. Soon, a similar service will be available to customers from Kirov, as well as a number of other cities.

It is expected that in the near future the range of products available for ordering within the framework of the Online Storefronts project will be expanded with rolled and shaped sections, pipes and curved profiles, cold rolled products, coated rolled products - more than 2000 items in total. By the end of the year, it is planned to expand the range of products not produced by Severstal, but available in the warehouses of partners.

The process of purchasing products from partners' warehouse capacity will not differ from the standard procedure already familiar to users of the Severstal online store.

The launch of the Online Showcase project is fully consistent with one of the key approaches of the renewed strategy of Severstal - closer cooperation with customers within the framework of the implementation of the strategic priority “Excellent customer experience”. The availability of Severstal products at our partners' storage facilities will reduce logistics costs and significantly reduce delivery time.

The director of marketing and customer improvement. the experience of Severstal company Ms Maria Shalina said that “I am convinced that the project, unique for Russian metallurgical companies, will become a new stage in relations with customers, and the number of partners will only expand. The launch of Online Storefronts gives us the opportunity to create additional benefits for existing and potential consumers of Severstal products by reducing costs, providing new opportunities and speeding up all business processes throughout the entire customer service cycle.”

Ekaterina Balbasheva, marketing director of EVRAZ Metal Inprom said that “For EMI, the new format of cooperation with Severstal is an example of a well-established supply chain and effective online interaction. Colleagues appealed to us as the largest federal trader. The successful integration of our partners into the project was ensured by the large-scale geography of the company's presence and streamlined business processes throughout the network. In the future, we plan to scale the project into all divisions.”

Source : Strategic Research Institute
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MMK Completes Modernization of Small Grade Wire Mill 170

In the Magnitogorsk Iron and Steel Works long products shop, the overhaul of the two-thread fine-wire mill 170 was completed. Repair works on the unit were carried out simultaneously with the reconstruction work. As part of the modernisation of the mill, which took place from May to June this year, the heating furnace was reconstructed, the water-cooling line was replaced and all the STELMOR line of fans were replaced with new, more productive ones. Modernisation of the cooling line is a key element in the reconstruction, which allows to achieve the main goal of the project which is to give special properties to the high carbon content rod (0.45 - 0.85 % C) and to obtain a sorbitised plate perlite of 1-2 points. On each line, 14 old fans were replaced with 16 new ones, which are equipped with motors with inverters, temperature and vibration bearing sensors, as well as motors connected directly to the impeller shaft. The heat transfer for the cooling conveyor after modernisation is more than 200 W/m2, and the air consumption for fans on the roller conveyor increased to 125 thousand Nm3/hour. The total additional installed capacity for both lines was about 4500kW.

The contract for the modernisation of mill 170 was signed at the end of 2017 with contractors Danieli & Officine Meccaniche S.p.A. The cost of the contract for the supply of technical documentation, equipment and services for supervision and training amounted to 5.5 million euros. Implementation of the project will allow the main consumer of mill products, Magnitogorsk Metalware and Sizing Plant MMK METIZ (part of MMK Group), to move away from the process of patenting, by improving the uniformity of the properties of the rod. The refusal of additional processing will increase the quality of products and significantly reduce its cost. In addition, the modernisation of the mill will reduce downtime due to the commissioning of new equipment.

Currently, both lines of the mill have been put into operation and are at full capacity. The updated equipment is operating properly and running highly efficiently. Specialists from Danieli continue to work on the modes of water and air cooling to obtain the optimum characteristics and properties of the rod. The first coils with products that meet the requirements of metalworkers have already been sent for testing at MMK-METIZ.

Small-grade wire mill 170 was commissioned in 2006. With its launch at MMK, a radical reconstruction of the long products production was completed, thanks to which MMK now has the most modern capacities in the country for the production of long products, with a total capacity of up to 2 million tons per year. Delivery of the unit was carried out by the Italian company Danieli. Mill 170 has a capacity of up to 765 thousand tons per year and is designed for the production of wire rods with a diameter of 6-22mm, as well as rebar shaped rods with a diameter of 6, 8, 10, 12 or 16mm.

Source : Strategic Research Institute
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Mill Steel Rebrands Steel Structural Products LLC to Mill Steel Framing

Mill Steel Co, one of the US's largest distributors of flat-rolled carbon steel announced the rebrand of its steel framing company, Steel Structural Products, to Mill Steel Framing. The rebranding of its steel framing and accessory operations under the parent trademark is well-timed as this year marks Mill Steel's 60th anniversary. Mill Steel President, Mr Pam Heglund said that "Since my grandfather founded Mill Steel Company in 1959, superior service and the practice of placing our customers first have been pillars of our success. That same elevated level of service and reputation of expertise will continue to drive our framing business forward.”

Mill Steel Framing will continue to supply a full line of metal framing materials, which includes ProStud and Track, structural studs, and a variety of accessories, from all three Processing and Distribution Centers located across the Midwest and Southern United States. The framing business will benefit from Mill Steel's strong purchasing power, expert processing, dedicated carrier network and strategic locations.

With the addition of several roll forming lines at its Processing and Distribution Center in Houston, Texas, the company continues to diversify its product offerings to better serve its customers. Over the last several months, stud production from Mill Steel's Texas facility has increased well over 300%. Mill Steel Framing anticipates continued robust growth with this recent extension of product offerings and commercial horsepower.

Mill Steel Framing plans to roll out its new website in the coming months offering a streamlined and user-friendly submittal interface, and additional technical resources.

Source : Strategic Research Institute
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ArcelorMittal Kryviy Rih Conducts Hot Tests of New CCM-3

ArcelorMittal Kryvyi Rih began hot testing of a new two-position ladle furnace and continuous casting machine number. Commissioning of this machine is planned in the third quarter of 2019, and the entire complex - until the end of the year. The construction of two new two-position ladle furnaces and continuous caster-2.3 with a total design capacity of 2.8 million tons per year is one of the company's key investment projects. Its cost is estimated at about 140-150 million US dollars

The installation of mechanical and electrical equipment has already been completed at CCM-3, I / O signals have been checked, individual equipment has been tested and various equipment has been tested. Complex tests of the continuous casting machine-3 are being carried out, including in the hot mode. As for the continuous casting machine-2, 92% of the general construction work was carried out on it, the construction of buildings, the installation of technological structures and equipment at the two-stage ladle furnace and the continuous casting machine itself are being completed.

The supplier of the main technological equipment for the construction of CCM-2.3 is the SMS Group. In total, over 25 large international companies have become equipment suppliers, including Siemens, Weihua, Borthhold, and others.

More than a dozen different local contractors participated in this large-scale construction project of ArcelorMittal. The site worked around the clock from 300 to 800 people. Within the framework of the entire project, water treatment, gas purification, electric substations, as well as new warehouses of ingots, spare parts and materials were built. In addition, 12 bridge cranes were installed here, about 9 kilometers of railway tracks were laid and the automobile exit from the Central overpass was reconstructed.

Source : Strategic Research Institute
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Kazachse tak ArcelorMittal breekt met Gazprom

Gepubliceerd op 16 jul 2019 om 08:46 | Views: 144

ArcelorMittal 15 jul
15,01 0,00 (0,00%)

ASTANA (AFN/BLOOMBERG) - De Kazachse tak van staalconcern ArcelorMittal heeft zijn contract met het Russische staatsbedrijf Gazprom verbroken vanwege bestaande Europese en Oekraïense sancties. Dat meldt de Russische krant Kommersant. ArcellorMittal kwam tot dit besluit na een inventarisatie van de risico's die samenhangen met de sancties.

Het hoofd van het Kazachse onderdeel, Paramjit Kahlon, zou een te groot reputatierisico lopen om onder het sanctieregime te vallen als ArcelorMittal zaken blijft doen met Gazprom. Kahlon staat namelijk ook aan het hoofd van een van de Oekraïense onderdelen van ArcelorMittal.

ArcelorMittal kocht in Kazachstan al jaren uiteenlopende smeermiddelen en koelvloeistoffen van Gazprom, schrijft Kommersant. Het is voor het eerst in Kazachstan, een land dat politiek loyaal is aan Rusland, dat Gazprom in problemen komt vanwege sancties, benadrukt de Russische krant.
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Rio Rinto ziet druk op productie en leveringen.

(ABM FN-Dow Jones) Rio Tinto heeft in het tweede kwartaal en in de eerste zes maanden van dit jaar de productie en levering van ijzererts onder druk zien staan. Dit maakte de mijnbouwer dinsdag bekend.

Rio Tinto rapporteerde over het tweede kwartaal een daling van de productie van ijzererts in de Pilbara-regio van 7 procent, terwijl de leveringen met 3 procent daalden. Over de eerste zes maanden kwam de productie met 8 procent lager uit en dat gold ook voor de leveringen van ijzererts.

CEO Jean-Sébastien Jacques sprak dinsdag van een uitdagende operationele omgeving gedurende het eerste halfjaar.

Er was wel sprake van een opwaartse trend in bauxiet en titanium in zowel het tweede kwartaal als het eerste halfjaar.

De Brits-Australische onderneming maakte dinsdag ook bekend dat het de verkoop van zijn belang in Rössing Uranium in Namibië heeft afgerond. Daar was in totaal 106,5 miljoen dollar mee gemoeid.

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

© Copyright ABM Financial News B.V. All rights reserved.
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China to Toughen Emission Checks on Steel Mills - Report

Reuters reported that China will continue to enforce production restrictions in heavy industry in winter this year and will tighten its emission assessment on steel mills when granting exemptions from curbs already in place. Mr Liu Bingjiang head of the atmospheric environment department at Ministry of Ecology and Environment told an industrial conference that “The steel industry remains a major contributor of pollutants despite improvement in emission levels and production restrictions. This year, there will not be many first-class firms that will be exempt from curbs.”

Mr Liu said MEE will bring in industrial associations to carry out emission assessments on mills to avoid fraud in the emission upgrading process. He said that “We will hand out severe punishment to mills who play tricks and will enforce the highest level of production restrictions on them, adding that he had noticed that investment and operational costs of emission upgrade at mills varied from less than CNY 20 a tonne to as high as CNY 270 a tonne in steel-making.”

China has ordered mills in key regions, including Beijing-Tianjin-Hebei, the Fenwei Plain and the Yangtze River Delta, to meet ultra-low emission standards by 2020.That would include more than 60% of steel capacity in the country.

Source : Reuters
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8 Under Investigation for Death of ArcelorMittal Taranto Crane Operator

ANSA reported that 8 people have been placed under investigation for the death of a crane operator at the ex-ILVA ArcelorMittal steel works in Taranto who was blown into the sea by a gale last week. Those probed were formally informed of the investigation in view of the autopsy on his body. Possible charges are complicity in culpable manslaughter and culpable omission of measures against work accidents.

Mr Cosimo Massaro's crane broke in two under gale-force winds that whipped through the plant on Wednesday. His body was recovered by divers at a depth of six metres after a three-day search.

Source : ANSA
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Tata Metaliks Net Profit in Q1 falls 36% YoY

Tata Steel subsidiary Tata Metaliks Limited has reported 36.45 per cent YoY decline in net profit at INR 19.42 crore for the first quarter ended June 30, 2019. Tata Steel said "Revenue from operations, however, rose by 6.73 per cent to INR 499.03 crore during April-June quarter of 2019-20, as against INR 467.54 crore in the same period of 2018-19. The other income of the company increased to INR 4.40 crore during Q1FY 20 versus INR 1.48 crore in the same quarter last year. Total expenses stood at INR 475.90 crore in the quarter under review against INR 427.33 crore in June quarter of 2018-19.”

Segment-wise, revenue from pig iron rose to INR 383.47 crore for Q1 FY20 compared to INR 369.98 crore in Q1 FY19. The ductile iron pipe business also saw a surge rise in revenue to INR 257.01 crore versus INR 227.36 crore in the year-ago period.

Source : Strategic Research Institute
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Erdemir Denies Interest in British Steel

Hurriyet Daily News reported that Turkish steelmaker Eregli Demir Celik has dismissed recent media reports suggesting that the company made an offer for the acquisition of British Steel. It informed Borsa Istanbul on July 14 “As Erdemir, we state that this claim is unrealistic and our company has no relationship with the company in question.”

Erdemir, which is part of Oyak Group, the country’s armed forces pension fund, is among the largest steel producers in the world. In the first three months of 2019, the company produces 2.4 million tonnes of liquid steel, a 1.3 percent decline from a year ago. Net sales revenues of the steel maker stood at USD 1.33 billion while Erdemir posted a net profit of USD 186 million for the first quarter.

In January-March, the company used as much as 98 percent of its crude steel capacity, according to a March presentation.

Source : Hurriyet Daily News
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Azovstal is Operating Normally - Metinvest

On 12 July 2019, mixer no 1 in the converter shop of Metinvest Group’s Mariupol subsidiary Azovstal burned through while performing a process step of the metallurgical cycle. During the operation, molten iron spilled from the mixer onto the process area. Firefighters and Group employees quickly responded to the site to perform damage control. There were no casualties or injuries, the converter shop is operating normally. The mixer burn-through has had no adverse impact on the environment or Azovstal’s operations. A backup method is currently being used to deliver pig iron from the blast furnace to the converter shop and mixer no. 2.

A commission has been set up at Azovstal to determine the root cause of the incident, estimate the extent of the damage and develop a plan to support production capacity.

Source : Strategic Research Institute
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NLMK Group Trading update for Q2 & H1of 2019

NLMK Group has published today its Q2 2019 and 6M 2019 operating results. Steel output decreased by 5% QoQ to 4 million tonnes due to the launch of overhauls at NLMK Lipetsk blast furnace and basic oxygen furnace operations. A 9% YoY steel output reduction is also attributable to this factor. Sales declined by 7% QoQ to 4.3 million tonnes (-3% YoY), driven mainly by reduced output and sales of commercial slabs and billets. This resulted in a 2 pp QoQ increase in the share of HVA products in total sales volume (+1 pp YoY). Sales to home markets grew by 11% QoQ (+12% YoY) to 3 million tonnes, supported by the seasonal growth in demand for long and flat products in Russia. The share of Group sales to “home” markets increased to 71% (+14 pp QoQ, +9 pp YoY). Group sales to export markets dropped to 1.2 million tonnes (-40% QoQ; -26% YoY). Export reduction was due to lower export sales of semi-finished products against the backdrop of overhauls at NLMK Lipetsk.

6M 2019 highlights - Steel output decreased by 6% YoY to 8.2 million tonnes due to the launch of overhauls at NLMK Lipetsk BF and BOF operations. Sales grew by 4% YoY to 8.9 million tonnes, driven by higher demand for finished steel on the Russian market, and due to destocking of inventories accumulated at 2018 year-end at the beginning of the year. Sales to home markets grew to 5.6 million tonnes (+7% YoY) due to increased demand for finished long products on the Russian market. The Group’s export sales grew by 1% YoY to 3.2 million tonnes.

Source : Strategic Research Institute
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GMS Market Commentary on Shipbreaking in Week 28 - IN THE QUAGMIRE!

Markets remain stuck in the quagmire this week, with local steel plate prices declining across all subcontinent markets and by about USD 35/LDT in India over the course of a few weeks, Bangladesh is still reeling from the 10% VAT that was imposed in their recently announced annual budget, the Pakistani market has remained quiet as domestic fundamentals remain under pressure and lastly Turkey seems entombed by its fundamentals as the Lira weakens once again. The monsoon season has traditionally been a quieter period in the subcontinent markets, with most of the SNP activity, beachings and recycling operations taking place in the first 5-6 months of the year before the constant rains slow all yard activity to a virtual standstill and laborers return to their home towns.

Yards in Chattogram remain stuffed with tonnage and local aggression to acquire fresh units may not return until the fourth quarter of the year commences once previously delivered units are consumed and capacity starts to emerge again. The BSBA are also in the process of challenging the recent budget decisions and it is expected to take a few more weeks before positive news regarding any reversal occurs.

Source : Strategic Research Institute
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