Eurobench.com

voda 30 augustus 2021 08:01

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Ampco-Pittsburgh Corp Reports Results or Q2 & H1 of 2021

US steel maker Ampco Pittsburgh Corporation has reported net sales of USD 92.4 million and USD 179.2 million, respectively, for the three and six months ended June 30, 2021, compared to USD 74.8 million and USD 165.8 million for the three and six months ended June 30, 2020, respectively. The increase is primarily attributable to higher shipments of mill rolls and higher shipments of forged engineered products. Income from operations for the three and six months ended June 30, 2021, was USD 0.5 million and USD 1.4 million, respectively, compared to minus USD 0.1 million and USD 4.3 million for the three and six months ended June 30, 2020, respectively. For the three months ended June 30, 2021, the improvement primarily reflects the impacts of higher shipment volumes and improved cost absorption from higher production levels in the current quarter compared to significant downtime from the idling of manufacturing facilities associated with the early stages of the pandemic in the prior year quarter. For the six months ended June 30, 2021, income from operations declined as higher raw material costs net of surcharges, a less favorable sales mix, and an insurance recovery of USD 0.8 million in the prior year more than offset the benefit of higher shipment volumes in the current year.

Sales for the Forged and Cast Engineered Products segment for the three and six months ended June 30, 2021, improved from the prior year period primarily due to higher shipments of forged and cast mill rolls as well as higher shipments of forged engineered products to the oil and gas and steel distribution markets. Operating results for the three months ended June 30, 2021, improved compared to the prior year primarily due to the higher volume of shipments and improved cost absorption from higher production levels in the current quarter compared to significant downtime from the pandemic-related idling of manufacturing facilities in the prior year quarter. For the six months ended June 30, 2021, operating results declined primarily as the effect of higher shipment volumes could not offset the impacts of higher raw material costs net of surcharges, a less favorable sales mix, and an insurance recovery recorded in the prior year.

Sales and operating results for the Air and Liquid Processing segment for the three and six months ended June 30, 2021, decreased compared to the prior year primarily due to a lower volume of centrifugal pumps shipments driven mainly by customer-requested delays.

Ampco-Pittsburgh Corporation is a specialty steel manufacturer headquartered in Downtown Pittsburgh in Pennsylvania. Ampco was formed in 1929 and is a conglomerate made up of several previously established small steel makers. Five small companies operate under the Ampco umbrella in two different product segments. The Forged and Cast Rolls portion of the corporation includes two companies: Union Electric Steel and Davy Rolling Company. Union Electric is the world's largest producer of rolled steel, which is used in the cold rolling process of making many metals. The subsidiary offers a variety of grades of thickness and hardness for the product. Davy Rolling Company, a former British corporation, creates cast rolls, heavy duty rolls, and specialty rolls. The Air and Liquid Processing Segment of the company comprises Aerofin, Buffalo Air Handling, and Buffalo Pumps. Aerofin creates steel coils for use industrially in power plants and oil extraction and commercially in automobiles, and heating/cooling systems. Under Buffalo Air Handling, metal plating, parts, and fans for huge ventilation and refrigeration systems are manufactured. Buffalo Pumps is the maker of a variety of pumps for various industries.

Source - Strategic Research Institute

voda 30 augustus 2021 08:48

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Iron ore falls back to Q4
2020 levels – what’s next?

Iron ore prices should ease further in the coming months after the iron ore price rally started to show signs of weakening, according to Fitch Solutions. Demand from Chinese steel producers peaked in the first half of 2021 and this is coinciding with improved global supply.

The research firm has nevertheless revised upwards its 2021 iron ore price forecast from $160/tonne to $170/t, as prices rallied slightly above its expectations in H1. Beyond 2021, the firm expect iron ore prices to follow a multi-year downtrend, with prices forecast to decline to $75/t average by 2025.

As for China, “we expect the demand impact from stimulus to start wearing off from late 2021 as construction projects reach completion and the pipeline of further new projects lessens, with the Chinese Government focusing on tightening credit lines,” Fitch Solutions says in a note seen by Kallanish. “Additionally, the government is on a steel production limiting drive as an avenue to decarbonise the economy, where the aim for 2021 steel production is to total
around 2020 levels.”

With China's steel production increasing by 11.4% year-on-year in H1, however, H2 production would have to decline by approximately the same levels, which Fitch Solutions believes is realistically unattainable. Nevertheless, steel production will slow down in H2, dragging on iron ore demand.

The agency simultaneously expects Chinese domestic production of iron ore to increase as China attempts to reduce import dependency, especially as diplomatic relations remain frosty with Australia.

On the supply side, improving production growth from Brazil and Australia has started to loosen tight supplies on the seaborne market, though Vale will take longer to return to preBrumadinho dam collapse capacity levels, Fitch Solutions says. “With all miners holding onto production guidances, we expect better production figures throughout the rest of the year, compared to H121 in order to meet targets,” it concludes.

According to Kallanish price series, the KORE 62% FE CFR Qingdao lost some $80/t since
mid-July, returning to levels of $140-150/t CFR, not seen since Q4 2020.

Source Kallanish

voda 1 september 2021 08:11

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ThyssenKrupp Project Freedom for Steel Unit Faces Green Challenge

German Handelsblatt reported that the management of ThyssenKrupp has come up with a name for the spin-off of the steel division. "Freedom" is the name of the project with which the steel manufacturer with 26,000 employees is to be swept out of the Krupp world. The choice of the name caused great resentment in the ranks of ThyssenKrupp Steel. After more than 200 years in the group, the parent company simply wants to get rid of the old core business, complain executives. The announced freedom sounds like an abandonment in the wilderness to the managers. The group itself wants to get rid of supposed ballast. CEO Ms Martina Merz wants to get out of the steel in order to stabilize the rest of ThyssenKrupp economically. But the implementation of the "Freedom" plan is becoming more and more difficult

In order to successfully sell off its core business, the group will have to reduce the amount of CO2 emitted by the unit. Customers, especially from the automotive industry, demand steel that is produced without CO2 emissions.

In a recent letter addressed to employees, thyssenkrupp Steel Europe AG chairman Mr Bernhard Osburg, said that the clean production of steel is essential for the division’s continued existence. He wrote "In no other area is time running out more than here.”

Thyssenkrupp’s Duisburg site alone emits 20 million tonnes annually. With the tightening of environmental laws, the operation of blast furnaces will become impossible unless more hydrogen is fed into the production cycle. Like other producers, thyssenkrupp has launched programmes to reduce CO2 emissions. The group aims to complete the switch by 2050. From the perspective of investors and customers, however, that target is way too far in the future.

Source - Strategic Research Institute

voda 1 september 2021 08:12

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Thyssenkrupp Steel Europe Appoints Mr Bernhard Osburg as CEO

Supervisory Board of thyssenkrupp Steel Europe AG has resolved the extension of Mr Bernhard Osburg’s appointment as member of the Executive Board of thyssenkrupp Steel Europe for another five years until June 30, 2027. With his appointment, Mr Bernhard Osburg will also be CEO as from October 1, 2021. Previously he was Chairman of the Executive Board.

Mr Bernhard Osburg has been Chairman of tea’s Executive Board since March 1, 2020. He was appointed member of the Executive Board of thyssenkrupp Steel Europe AG in June 2019 with responsibility, among other things, for Sales and Innovation.

Source - Strategic Research Institute

voda 1 september 2021 08:13

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LIBERTY Ostrava Supplies Weathering Steel for Bridge in Georgia

LIBERTY Ostrava has completed a major contract worth tens of millions of crowns involving production of 900 tonnes of weathering steel in the form of equal angles. They are now being delivered to Georgia where they will be used for the construction of a bridge. The biggest strength of weathering steel is its high corrosion resistance. The steel can be used for structures with designed life of up to 100 years without the need for any corrosion protection of the surface

The fundamental property of weathering steel is enhanced resistance to atmospheric corrosion. Steel gradually forms a layer of oxides (patina) on its surface, which significantly slows down the corrosion of the material. Due to its properties, it requires minimal maintenance. Gradually, the colour of the steel changes to orange, light brown and finally to dark brown, giving the steel structures a unique look. Weathering steel is especially destined for structures of bridges and high voltage towers or used as cladding.

LIBERTY Ostrava produces weathering steel in the continuous casters and subsequently the heavy and the medium-section rolling mills and the hot-strip mill. The company produces and supplies this type of steel in the form of merchant bars, angles, flat bars, sheets and strips.

Source - Strategic Research Institute

voda 1 september 2021 08:15

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GMS Market Commentary on Ship Breaking in Week 34

World's leading cash buyer of ships for recycling GMS said that “Far from the Prices have settled into a new reality this week as end Buyers get back to buying at levels just shy of the historical peaks seen this year, closer to (and in some cases, just over) USD 600/LT LDT from the market leaders, on high-spec units. It has been a phenomenal year for the sub-continent ship recycling markets thus far, which has seen prices more than double in the space of the last 12 months, especially as supply starts to dither. At the peak of the pandemic in the middle of 2020, we saw levels in the mid USD 200s/LDT, as markets closed and global trade came to a virtual standstill.

GMS said “The various ship-recycling destinations across the world learned to cope with and adapt to the Covid-19 pandemic and despite the devastating recent toll the Delta variant has taken, beachings and deliveries have continued unabated for a large part of the year.”

GMS added “Overall, we see sub-continent end Buyers reaping the benefits of steel plate prices that have been flying to previously unthinkable levels. Not since the boom years of 2008, when deals were done over USD 800/LT LDT, have we seen ship recycling prices quite so firm and there is every indication that this momentum could continue for a bulk of the remainder of this year. Forward futures on steel predict the markets to be positively placed as well, despite some of the pessimism and nervousness that the recent falls have brought about.”

GMS Pricing

India/Bangladesh/Pakistan – Week 34, TAKING STOCK!

Dry Bulk – USD 560-590 per LDT

Tankers - USD 570-600 per LDT

Containers - USD 580-610 per LDT

Source - Strategic Research Institute

voda 1 september 2021 08:16

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Danieli to Upgrade Yehuda Steel Rebar Mill in Israel

Israel’s Yehuda Steel has awarded Danieli the contract to supply a new 5 tonne spooler line at its existing rolling facility commissioned in 2017 as it continues to strengthen positions in the long steel segment through investments in new equipment. The new equipment will be installed completely off-line with minimal influence on production and is expected to come on stream during August 2022.

The new line will allow Yehuda Steel to produce extremely compact and twist-free rebar coils (8-25-mm) weighing up to 5 tonne as well as give the possibility to manufacture bars in coils from 7.5 to 16 mm diameter. Currently, the nominal productivity is 38 tonnes per hour, but the equipment is able to make 63 tonnes per hour if the continuous casting machine and roiling mill are upgraded.

The Yehuda Group is the largest and leading company in Israel for the recycling of steel, smelting, casting, rolling, production of steel welded mesh, fencing, cutting, bending, and preparation of steel for building sites, etc. The group has ten factories throughout the country and its products are greatly used in the building industry, for infrastructures, security, and agriculture in Israel. Yehuda Steel is able to produce up to 250,000 tonnes of rebar annually and has also a cut and bend facility, a mesh plant and fence production.

Source - Strategic Research Institute

voda 1 september 2021 08:16

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Sunflag Steel & Top Steel in Nigeria Shut Over Pollution

Punch Nigeria reported that Lagos State Environmental Protection Agency has stopped the operations of Sunflag Steel and Top Steel in Ikorodu in Lagos State of Nigeria over alleged environmental laws violation. Lagos State Environmental Protection Agency General Manager Dr Adedolapo Fasawe led enforcement team to Sunflag Steel and Top Steel manufacturing companies and ordered closure. Lagos State Environmental Protection Agency spokesperson Mr Bola Ajao said that “The working environment not only put the workers lives at risk, it also made its surrounding communities and the state unsafe.”

He said the environmental monitoring data and surveillance carried out by the agency revealed that most activities going on in Ikorodu industrial area did not comply with Lagos State environmental standards.

The assessment visit to the companies was undertaken following public complaints and surveillance carried out on their activities.

The agency also sounded a stern warning to other steel and iron manufacturing companies, operating in the axis to ensure their activities are in tandem and within the permissible state environmental standards.

Source - Strategic Research Institute

voda 1 september 2021 08:17

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Olympic Steel Appoints Mr Maurer as GM of Milford Connecticut

Leading US metals service center Olympic Steel Inc announced that Mr William (Bill) Maurer has been promoted to the role of General Manager for the Company’s Milford Connecticut facility. Mr Maurer’s promotion is part of a planned succession. The facility’s long-time General Manager Mr Gerard (Gerry) Phillips will retire in late March 2022, after more than three decades in the metals industry. Mr Phillips will remain with the Company in the meantime, partnering with the Milford leadership team to facilitate a seamless transition.

In his new position, Mr Maurer will assume responsibility for ensuring the safe operation of the Milford facility and the profitable and sustainable commercial growth for the region it serves. He will report directly to Regional Vice President Mr James D Post,

Mr Maurer entered the metals industry in 1996 and has held positions of increasing responsibility in purchasing and sales throughout his career. Mr Maurer earned his bachelor’s degree in labor and industrial relations from Pennsylvania State University. He is a member of the Philadelphia chapter of the Metals Service Center Institute and the Iron League of Philadelphia.

Founded in 1954, Olympic Steel is a leading US metals service center focused on the direct sale of processed carbon, coated and stainless flat-rolled sheet, coil and plate steel, aluminum, tin plate, and metal-intensive branded products. The Company’s CTI subsidiary is a leading distributor of steel tubing, bar, pipe, valves and fittings, and fabricator of value-added parts and components. Headquartered in Cleveland, Ohio, Olympic Steel operates from 35 facilities in North America.

Source - Strategic Research Institute

voda 1 september 2021 08:18

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Alro Steel Acquires Metal Stock in Philadelphia

US distributor Alro Steel announced the acquisition of Metal Stock in Philadelphia in Pennsylvania. Metal Stock was established in 1994 as a full-service metal distributor serving Eastern Pennsylvania, New Jersey, and Delaware. This asset purchase will allow Alro to grow customer base while providing improved service for cut-to-size metals and plastics.

Alro Steel will continue to service customers out of the Metal Stock location at 4901 Cottman Avenue, Philadelphia, PA 19135.

Alro is a distributor of metals, industrial supplies, and plastics. Beginning in 1948, Alro Steel was incorporated in a small garage in Jackson, Michigan. The name "Al-Ro" was derived from the first two letters from brothers Al & Robert Glick. Al began the company during a steel shortage in the 1940's which was due to the military demands of World War II. Al found a niche matching up companies with steel needs to companies with excess steel. Today, Alro has grown to over 70 locations in 12 states. Alro processes and distributes metals, plastics and industrial supplies with next day delivery to over 25,000 customers in North America.

Source - Strategic Research Institute

voda 1 september 2021 08:19

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Nippon Steel Expects FY22 Profit Topping Latest Forecast

Reuters reported that world's fifth biggest steelmaker Japanese Nippon Steel's annual profit may beat the company's recent sharply upgraded forecast, as steel prices outside Japan continue to rally on strong demand while iron ore prices have plunged. Nippon Steel's Executive Vice President Takahiro Mr Mori told Reuters "Our overseas businesses have been outperforming our expectations in July and August. The situation in the US is better than we had anticipated which could be a factor for an upside of our performance. We had expected the US steel market to peak in July, but it has remained tight, with hot coil prices staying above USD 2,000 a tonne.”

Still, slower production by automakers poses a risk to the outlook for steelmakers. Toyota Motor recently said it will slash global production for September by 40% from its previous plan due to a global chip crunch, although it maintained its annual sales and production targets. Mr Mori told "The impact on our financial results will be limited as carmakers said they will make up for production cuts later this financial year.”

Earlier this month, Nippon Steel raised its annual profit guidance by 54% as solid global demand boosts steel prices and earnings of its units in India, the United States and Brazil. Nippon Steel forecast that net income would be a record JPY 370 billion (USD 3.4 billion) for the year through March 2022. That would represent a dramatic turnaround from losses over the past two years.

Source - Strategic Research Institute

voda 1 september 2021 08:24

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China Steel Corp Unveils Green Steel Goals

The Taipei Times reported that Taiwan’s largest steelmaker China Steel Corp is setting ambitious carbon emission reduction goals. China Steel Corp Chairman Mr Wong Chao-tung told shareholders at the company’s annual general meeting in Kaohsiung “By 2025, we aim to reduce emissions by 7% and by 2050, we will achieve carbon neutrality. The company will develop into a dual auxiliary company - a high end steelmaker and a green energy company.”

As for CSC’s move into the renewable energy sector, Mr Wong said it is a strategic investment in the future. He said “Apart from semiconductors, the green energy industry is the most hopeful bright spot for Taiwanese industry. 70% of steel used in Tesla Inc’s electric vehicle motors come from CSC and the company plans to join Hon Hai Precision Industry Co’s MIH Open Platform alliance for the development of EVs and take full initiative in developing the EV market.”

Mr Wong added “Thanks to a clear resurgence in manufacturing at home and abroad, as well as the strong demand for vehicles, basic infrastructure and home appliances, demand for steel now outpaces supply in the global market. The era of high steel prices is upon us.”

Source - Strategic Research Institute

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voda 1 september 2021 08:26

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RINL VSP Facilitates Ms PV Sindhu for Success at Tokyo Olympic

On the occasion of Ms PV Sindhu’s recent success at the Tokyo Olympics, Rashtriya Ispat Nigam Limited felicitated her at Vizag. Addressing the gathering, RINL CMD Addl Charge Mr DK Mohanty highlighted Olympic Bronze Medalist and Brand Ambassador of Vizag Steel Ms PV Sindhu’s achievements and contributions to sports and promoting the brand image of RINL Vizag Steel as its Brand Ambassador in the country and abroad. Mr Mohanty said that Ms Sindhu is a new generation sports personality and a pride to the country and Vizag Steel and has made the entire country proud with her back to back Olympic wins. He has envisioned a great future for her and he wished that she will win Gold at Paris 2024 Olympics.

Ms Sindhu expressed her gratitude to the management for reposing trust in her for becoming a “Brand Ambassador of RINL-Vizag Steel”. Responding to the felicitations, Ms PV Sindhu acknowledged the support of RINL in strengthening sports and praised RINL for the several sports initiatives being taken up by RINL.

Earlier Mr Mohanty and Ms PV Sindhu flagged off Freedom Run at Col CK Naidu Ukku Stadium. Later, she played an exhibition match with RINL CMD, Directors and School Children in Ukku Indoor Stadium. She also visited Arunodya Special School and interacted with special children. She later inaugurated CISF Badminton Hall.

Source - Strategic Research Institute

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voda 1 september 2021 08:27

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Tinplate Company of India to Add 300KT Line at Jamshedpur

Tata Steel group company Tinplate Company of India Limited has approved an expansion plan to put up additional 300,000 tonnes per annum capacity at its mill at Jamshedpur in eastern India entailing an investment of USD 243 million. The expansion project would be funded through internal accruals, external debt including financial support from company promoter. The expansion has been scheduled for completion within the next three years. The time period of about three years is based on the assumption that the company would be able to obtain expeditiously all regulatory approvals from appropriate authorities concerned. Any delay in obtaining regulatory approvals or events like the Covid might impact project timeliness.

TCIL’s existing capacity 379,000 tonnes per annum are currently operating at 90% percent utilization.

The company manufactured various grades of electrolytic tinplate, tin-free steel sheets and full hard cold rolled sheets. Tinplate finds usage across a wide range of industries including edible oil, fats processed fruits & vegetables, paints & chemicals, aerosol sprays, battery and beverages. Increasing urbanisation and a change in lifestyle is expected to promote increased consumption of ready-to-eat and ready-to-drink products thereby increasing demand for tinplate packaging. The per capita consumption of tinplate in India is low 0.42 kg as compared to countries like China at 4.75 kg, Thailand at 7.25 kg and Malaysia at9 kg and this is expected to provide ample opportunity for growth.

Source - Strategic Research Institute

voda 1 september 2021 08:28

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Danieli Corus to Implement Projects at ArcelorMittal Temirtau

ArcelorMittal Temirtau again has chosen Danieli Corus to implement new iron making and steelmaking projects at the Temirtau steel plant in Kazakhstan. Hot blast stoves 8 and 10 serving blast furnace 3 will be revamped. The project includes a conversion from a hemispherical to a mushroom-dome design, the installation of a ceramic burner and the application of the proven Danieli Corus design featuring expansion allowance in the refractory construction. Hot blast stove 9 also is being revamped by Danieli Corus.

Furthermore, after the commissioning of the new, 300 tonne converter 3 at Temirtau, ArcelorMittal ordered the replacement of the other two 300 tonne converters. Like for converter 3, these vessels will be equipped with a maintenance free suspension system based on vertical and horizontal, patented Daniella elements.

Source - Strategic Research Institute

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voda 1 september 2021 08:30

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Cleveland-Cliffs Announces Executive Management Promotions

US steel giant Cleveland-Cliffs Inc announced the promotion of three key leaders at the executive level, effective September 1, 2021. The announcement comes as Cliffs seeks to broaden its already robust raw material portfolio by expanding its scrap recycling presence, an activity that will fall under a newly created division named Cleveland-Cliffs Services. The ongoing steel business stays within Cleveland-Cliffs Steel, an already existing Cleveland-Cliffs Inc’s division.

Mr Clifford T Smith, currently EVP & Chief Operating Officer, has been promoted to EVP & President, Cleveland-Cliffs Steel. He will continue to lead operations and commercial for all business segments including Steelmaking, Tooling and Stamping, and Tubular Components.

Mr Keith A Koci, currently EVP & Chief Financial Officer, has been promoted to EVP & President, Cleveland-Cliffs Services. He will assume corporate responsibility for procurement, logistics, IT, and scrap recycling. He will lead the growth of Cliffs’ raw material portfolio, with a primary emphasis on expanding Cliffs’ presence in the domestic scrap recycling market.

Mr Celso L Goncalves, currently SVP & Finance & Treasurer, has been promoted to EVP, Chief Financial Officer. He will lead the financial organization for Cleveland-Cliffs Inc, assuming executive responsibility for Finance, Accounting, Tax, Treasury and Investor Relations. He will also continue to lead key strategic corporate and business development initiatives.

All three individuals will report directly to Cleveland-Cliffs Inc Chairman, President & CEO Mr Lourenco Goncalves

Cleveland-Cliffs is the largest flat-rolled steel producer in North America. Founded in 1847 as a mine operator, Cliffs also is the largest manufacturer of iron ore pellets in North America.

Source - Strategic Research Institute

voda 1 september 2021 08:31

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SEBI Clears Shri Bajrang Power & Ispat IPO

PTI reported that Raipur based steel company Shri Bajrang Power and Ispat Ltd has received capital markets regulator Sebi''s go-ahead to raise INR 700 crore through an initial share sale. An update from the market regulator SEBI showed that Shri Bajrang Power and Ispat Ltd, which filed its draft papers with SEBI in July, obtained its observations on August 26, which implies its go ahead for the IPO. According to the draft papers, proceeds from the issue would be utilised towards repayment or prepayment, of certain borrowings of the company, funding incremental working capital requirements, and for general corporate purposes.

Equirus Capital Private Limited and SBI Capital Markets Limited are the books running lead managers to the issue. The equity shares of the company will be listed on the BSE and NSE.

Shri Bajrang Power and Ispat Ltd is one of the leading integrated steel companies based out of central India and a key player in the country in terms of capacity for iron ore pellets, iron ore beneficiation, and sponge iron.

Source - Strategic Research Institute

voda 1 september 2021 08:36

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US Steel Production Capacity Utilization Stays at 85% in Week 34

American Iron & Steel Institute announced that in the week ending on August 28, 2021, US domestic raw steel production was 1,873,000 net tons while the capability utilization rate was 84.9%. Production was 1,476,000 net tons in the week ending August 28, 2020 while the capability utilization then was 65.9 percent. The current week production represents a 26.9 percent increase from the same period in the previous year. Production for the week ending August 28, 2021 is down 0.2 percent from the previous week ending August 21, 2021 when production was 1,877,000 net tons and the rate of capability utilization was 85.0 percent.

Adjusted year-to-date production through August 28, 2021 was 62,046,000 net tons, at a capability utilization rate of 80.5 percent. That is up 20.0 percent from the 51,719,000 net tons during the same period last year, when the capability utilization rate was 66.6 percent.

Broken down by districts, here’s production for the week ending August 28, 2021 in thousands of net tons: North East: 152; Great Lakes: 638; Midwest: 198; Southern: 811 and Western: 74 for a total of 1873.

Source - Strategic Research Institute

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voda 1 september 2021 09:31

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Sluiting Tata Steel mag geen taboe zijn
31 aug 20:00

Jarenlang was in Den Haag dezelfde reflex zichtbaar als het over de staalfabrieken in IJmuiden ging. Kom niet aan 'onze' staalproductie, zo was de algemene teneur, als Britse of Indiase moederbedrijven met harde ingrepen dreigden.

Inmiddels is er een andere speler om rekening mee te houden: het klimaat. De snelle opwarming van de aarde noopt alle industriële bedrijven tot verduurzaming. Dat geldt dus ook voor de staalfabrieken in IJmuiden, die gemeten naar CO2-uitstoot, als 's lands grootste vervuilers te boek staan. Politici moeten gaan nadenken hoe zij de huidige eigenaar, Tata Steel, kunnen bewegen om de productie te vergroenen.

Dat is geen gemakkelijke opgave, blijkens de vele politici die het liefst hun kop in het zand staken als het om de uitstoot van Tata Steel ging. De onderneming in IJmuiden kon op dezelfde wijze staal blijven maken, terwijl men wist dat dit (a) niet houdbaar was en (b) er elders al werd nagedacht over alternatieven, zoals productie met waterstof en elektrische ovens.

De nood is nu hoog, omdat men in de omgeving van Tata Steel de milieuvervuiling niet meer pikt. Het bedrijf moet zich mogelijk in een strafzaak gaan verdedigen tegen gezondheidsschade die in de IJmond zou zijn toegebracht.

In dergelijke omstandigheden kunnen er gemakkelijk verkeerde keuzes worden gemaakt. Dat geldt helemaal als niet alle opties op tafel liggen. In het huidige debat lijkt vrijwel zeker dat Tata Steel in IJmuiden met miljardeninvesteringen in vergroening door moet kunnen gaan.

Maar waarom is sluiting van 's lands grootste vervuiler niet bespreekbaar? Die optie zou ook op tafel moeten liggen, al was het maar om helder te kunnen formuleren waarom je een activiteit wel zou willen behouden. Of om te wijzen op de zwakke onderbouwing van de ideeën om van het fabrieksterrein een Amsterdam aan de Noordzee te maken, met woningbouw en recreatie. Denk dan bijvoorbeeld aan de kostbare sanering van de grond.

Het huidige politiek debat heeft nu de schijn tegen. Partijen lijken zich te willen verbinden aan subsidies waarvan de opbrengst onzeker is. Te snel wordt gewezen op het belang van behoud van werkgelegenheid, terwijl er juist in andere, minder vervuilende industrieën een schreeuwend tekort is aan vakmensen.

Het zou juist goed zijn als er een heldere afweging komt wat Nederland wint als de staalfabrieken blijven. Of wat Nederland wint als die fabrieken er niet meer zijn. Een taboe hoort het laatste zeker niet te zijn.

Lees het volledige artikel: fd.nl/opinie/1409976/sluiting-tata-st...

voda 2 september 2021 07:47

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JSW Steel Expects Exports to Compensate Sluggish Domestic Demand

CNBCTV18 reported that JSW Steel’s Joint MD & Group CFO Mr Seshagiri Rao said that steel prices have been a little softer because of the monsoon season. Mr Rao said “There has been volatility in the prices for the last two months. But after that, there has been a recovery. If you look at continent by continent, the prices have fallen by 30-40 Euros. Otherwise, in all the regions, the fall we have experienced in the month of July has come back once again. The underlying demand is very strong. That is the reason why the prices again recovered. From July 1 to September 1, prices have remained more or less at the same level as on July 1. The prices have fallen by 4-5 percent and again, it recovered as on date.”

He explained “Indian steel demand has picked up but it is still lower than anticipated. The month of April 2021 saw 6.7 million tonne of demand, which has picked up. In the month of July, it was close to 8.25 million tonne. It is still lower than the peak that we saw in the month of March 2021, which was close to 10 million tonne. There is some sluggishness in the overall demand into monsoon season but it is supplemented by exports, which is growing. In the month of July, exports from India were 1.5 million tonne.”

He further said, “Manufacturing and exports are the two drivers. Auto components and engineering goods exports are also causing incremental steel demand in India. Relative to the demand, the production is not able to catch up.”

On semiconductor shortage issue, he said, “In the auto sector, the production schedules are getting postponed because of the chip shortage.”

On container shortage, he said, “The exports which are happening across all the sectors from India are getting piled up at the ports, either due to lack of shipping lines or due to congestion. Exports could have been much better if this situation was not there.”

Source - Strategic Research Institute

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