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voda 2 september 2015 16:51

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Thousands of workers rally at ATI and US Steel over contract talks

Published on Wed, 02 Sep 2015 116 times viewed

Bizjournal.com reported that thousands of union members and supporters attended a rally Tuesday at the United Steelworkers' headquarters as a show of solidarity during the union's ongoing labor negotiations. Supporters marched from the USW's headquarters on Boulevard of the Allies to Allegheny Technologies Inc's headquarters at Six PPG Place before ending the march at United States Steel Corp's Grant Street headquarters.

The USW did not have a final attendance count, but said more than 2,000 people were registered to attend.

Bobby McAuliffe, director for USW District 10 said the ongoing labor negotiations at ATI, US Steel and ArcelorMittal are the toughest the union has ever seen in the steel sector.

If the union is unable to reach independent deals with US Steel and ArcelorMittal, more than 30,000 steelworkers will be without a contract. ATI's contract previously expired June 30. In August the company locked out more than 2,000 union members.

Source : Bizjournal.com

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voda 2 september 2015 16:53

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Voestalpine CEO amazed by optimism of iron ore mining giants

Bloomberg reported that the steel industry executive who correctly predicted weakening Chinese demand three years ago is perplexed by the inability of the world’s biggest miners of iron ore to accept the new reality. Producers of the steelmaking raw material including Rio Tinto Group, Vale SA and BHP Billiton Ltd. are expanding output in anticipation of China raising steel production to as high as 1 billion tonnes in the coming decades.

Dr Wolfgang Eder, chief executive officer of Austria’s Voestalpine AG and chairman of the World Steel Association, said “I do not have a clue how they drew up these figures or what the background for this optimism is. There is so much iron ore and coal in the market that it makes sense to do some shopping around. This is much easier than in the past.”

He sees further weakness in China, with steel mills closing as the world’s largest producer of the metal remakes its industry. He said “The need for a steel industry restructuring in China has surged sharply. The least one should expect is that no new capacities are coming in China over the next years and the gradual closure of obsolete capacities.”

He added “Looking at the most recent developments in China, I do not see at least for the next few years the financing power to do the large construction projects that these enormous volumes of steel will be needed for. Maybe in the next 25 to 30 years, but not in the next 10 years.”

Steel demand in China, consumer of half the world’s supplies, is expected to fall this year for the first time since 1995. Output declined 1.3 percent in the first half and will drop to 807 million tons for the full year from 816 million tons in 2014, according to the China Iron & Steel Association.

Source : Bloomberg

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voda 2 september 2015 16:54

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Interim results reflect tough times for steel sector

Global Times reported that many listed steel companies in China have reported losses for the first half of 2015, showing that China's steel industry is still mired in a severe downturn. According to a report by the Securities Daily on Monday, of the 31 listed steel companies that had released interim statements as of Friday, 23 reported lower revenue and 13 reported total losses of CNY 8.4 billion (USD 1.32 billion).

The largest loss was reported by Chongqing Iron & Steel Co, which is based in Southwest China's Chongqing Municipality. The company, which released its statement on Thursday, said revenue slumped 25.22% YoY. It lost about CNY 2.2 billion as compared with a year earlier loss of CNY 945 million. Chongqing Iron & Steel attributed the loss to the weak domestic market, a shortage of capital and debt burdens.

Another State owned steel company, Beijing Shougang Co, suffered a net loss of CNY 223 million, according to its half-year financial report released on Wednesday.

But the picture wasn't all bleak, with some mills reporting strong results. Fushun Special Steel Co, based in Fushun, a city in Northeast China's Liaoning Province, said first-half net profit jumped 803 percent to CNY 130.8 million, according to its half-year report released on August 17.

Mr Chen Li, research director of Huatai Securities, told the Global Times on Monday that generally speaking, the steel industry is still in a downturn amid the nation's broader economic difficulties. He said "It's inevitable that a number of companies will fail. But really competitive companies can survive the storm. It's a reshuffling process. China's steel industry might take a turn for the better in half a year or one year, as the central government's strategy of strengthening infrastructure construction would provide ample opportunities for the industry.”

Mr Ma Zhongpu, a steel industry commentator, noted that both the Chinese and global economies have been under downward pressure in recent years. But he said that steel prices on the global market have not declined sharply like in China, and the global steel market is not mired in large losses in the same way as the Chinese market. He said "Steel companies in China have been engaged in excessive competition by squeezing prices, which has led to the losses. If such irrational competition goes on, it will be hard for domestic steel enterprises to reverse their losses. Some steel companies started to raise their prices in July to stop the losses, an encouraging sign that the fierce competition might be ending.”

Source : Strategic Research Institute

voda 2 september 2015 22:22

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AEX-fondsen op Wall Street, slot

AMSTERDAM (Dow Jones)--Van de AEX-fondsen met een notering in de VS, staan er na het slot van Wall Street 7 op winst in vergelijking met hun slotkoers op de AEX, 0 onveranderd en 1 op verlies. Omgerekend boekt de AEX op Wall Street een winst van 1,83 punten (0,42)%.

De fondsen op een rij, met achter hun naam de koers op Wall Street (omgerekend in euro's) en het verschil tussen de koers in New York en de slotkoers in Amsterdam (in percentage):

Aegon 5,38 (0,75%) Arcelor Mittal 6,78 (1,65%) ASML 80,17 (0,20%) ING Groep 13,29 (0,53%) Shell 22,72 (1,29%) Philips 22,76 (0,22%) RELX 14,54 (-0,68%) Unilever 35,20 (0,63%)

Bron: Wallstreetweb.nl

- Dow Jones Nieuwsdienst; +31-20-5715200; amsterdam@dowjones.com

voda 3 september 2015 16:44

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Hot-stamping line produces up to 4 million parts per year

Schuler has introduced PCHflex technology, a further development of the pressure-controlled hardening process. In the press-hardening method, parts are heated to 1,700 degrees F and then simultaneously cooled and hardened in the subsequent forming process to give them high rigidity.

PCHflex technology allows flexible, economical production of high-quality hot-stamped parts, according to the manufacturer. It uses fast hydraulic presses with dynamic force control and RingValve technology. With four parts per stroke (four-out mode), one line can produce up to 4 million parts per year.

Because pressure is controlled during hardening, the necessary press force can be distributed evenly over the part. The flexible bed cushion helps ensure a uniform, high-contact pressure within the part and distributed over several parts, which helps speed cooling for reliable metallurgical transformation. According to the manufacturer, cooling time is half that of conventional methods.

Also with this technology, automobile manufacturers and suppliers are more independent of die and material fluctuations for process reasons; different manufacturing tolerances and sheet thicknesses can be compensated for more easily.

The lines can use existing conventional press-hardening dies. Conversely, dies designed for PCHflex can be used on conventional lines.

Source : The Fabricator

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voda 3 september 2015 16:52

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US Steel and ArcelorMittal allow workers to keep working

Pittsburgh Post-Gazette reported that US Steel and ArcelorMittal have agreed to allow about 30,000 union workers to keep working under the terms of contracts that expired Tuesday, as the two sides continue bargaining at the end of a summer of labor unrest in the industry.

Meanwhile, United Steelworkers union members and supporters of organized labor rallied in Pittsburgh and other cities Tuesday, calling for fair contracts at those two steel producers as well as at Pittsburgh-based Allegheny Technologies, where about 2,200 USW members have been locked out since August 15. An estimated 2,000 showed up for a two-hour rally in Pittsburgh, which included speeches at the union's headquarters, followed by marches to the downtown headquarters of ATI and US Steel, where there were more speeches.

Union supporters carried signs that read, "Fair contract now," "Steelworkers' lives matter" and "Mr Mario: we'll pray for you, but we won't let you walk all over us," a reference to US Steel president and CEO Mario Longhi. They chanted "no contract, no peace" and "no more scabs," a reference to the contract workers ATI has brought in to take their place.

USW Local 1899 president Dan Simmons, who represents workers at US Steel's plant in Granite City, Ill., told the crowd that contract proposals offered by the three metals producers are similar. He said US Steel does not want to pay overtime to workers who work more than eight hours in a day; won't guarantee an eight-hour day; and will only guarantee 32 hours of work a week. He said "We are not going to accept US Steel's ridiculous proposal," he said.

Source : Pittsburgh Post-Gazette

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voda 3 september 2015 16:53

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Turkish steel import and export for 7 months of 2015

In the January-July period this year, Turkey's steel exports decreased by 9.6 percent to 9.76 million tonnes, while the value of these imports declined by 23.1 percent to $7.04 billion, both year on year, according to the data released by the Turkish Iron and Steel Producers' Association (TCUD).

In the given period, Turkey's billet exports totaled 207,000 tonnes, down 55.1 percent, while flat steel exports amounted to 1.38 million tonnes, declining by 4.3 percent, both year on year. In the same period, long steel exports totaled 6.05 million tonnes, down 9.1 percent, while pipe exports decreased by 13.7 percent to 1.01 million tonnes, all on year-on-year basis.

In the January-July period this year, Turkey's steel imports increased by 38.1 percent to 10.71 million tonnes, while the value of these imports rose by 4.7 percent to $7.21 billion, both year on year .

In the given period, Turkey's billet imports totaled 2.51 million tonnes, up 37.1 percent, while slab imports amounted to 1.85 million tonnes, surging by 129.7 percent, both year on year. In the same period, flat steel imports totaled 4.89 million tonnes, rising by 29.4 percent, while long steel imports amounted to 933,000 tonnes, up 8.2 percent, and pipe imports increased by 20.5 percent to 278,000 tonnes, all on year-on-year basis.

Source : SteelOrbis

voda 3 september 2015 16:54

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Mexico starts AD probe into steel wire rod imports from China

Published on Thu, 03 Sep 2015 98 times viewed

Reuters reported that Mexico will conduct an anti-dumping probe into steel wire rod from China, the economy ministry said on Wednesday.

Three companies operating in Mexico had asked the government to investigate, claiming that fast-rising imports, sold at lower prices than domestic-made steel, was hurting the local industry, according to a notice in the official gazette.

The companies that asked the government to examine possibly anti-competitive trade practices are ArcelorMittal Las Truchas , Deacero, and Ternium Mexico, the gazette said.

In recent months, Mexico has taken several steps to protect its struggling steel industry, including new import duties, anti-dumping quotas, and enhancing customs controls to enforce the quotas.

Source : Reuters

voda 3 september 2015 16:56

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Sesa Sterlite 4 million tonne steel plant at Bellary approved

The Hindu reported that Karnataka state government has given its approval in principle to Sesa Sterlite Ltd to establish a steel plant with a capacity of 4 million tonnes per annum with an investment of INR 33,692 crore in Ballary to provide employment to around 2,750 persons.

Official sources told The Hindu here on Sunday that the proposal for the setting up of the plant was cleared in the recent State High Level Clearance Committee.

As per the proposal, the plant would be established in Kakkabevinahalli, Amarapura, Tegginabudihal, Bevinahalli, Chaganur, and Sirwar villages in Ballari taluk.

As per the proposals submitted to the government and approved, the plant would be established on 2,423.17 acres and the company already owned 702 acres of the land. Another 325.56 acres of industrially converted land are available with the KIADB, 67.2 acres with the government and 1,328.41 acres have to be acquired by the KIADB in different survey numbers of the Kakkabevinhalli, Amarapura, Tegginabudhihal, Bevinahalli, Chaganur, and Sirwar villages.

The government in principle agreed to provide 93.6 litres per day (LPD) of water from the downstream of the Tungabhadram dam and the Hagari during the monsoon and the promoter should file an application before the Water Resource Department for water allocation. Gescom would provide 495 MW power and incentives and concessions would be extended to the plant as per the new industrial policy.

The company would have to obtain consent for the establishment and operation of the plant from the Karnataka State Pollution Control Board and environmental clearance from the Union Ministry of Environment and Forests or from the State Department of Forests, Ecology and Environment, if it is applicable.

Source : The Hindu

voda 3 september 2015 17:11

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Iron ore mining in Goa unviable - Report

LiveMint reported that miners in Goa, where mining activities have begun after a gap of nearly three years, are set to incur losses as higher taxes and poor infrastructure have made mining operations in the state uncompetitive. According to officials at mining companies, every tonne of iron ore mined in Goa now costs a total of USD 40-45 per tonne, inclusive of taxes. This is nearly double the USD 20 per tonne cost incurred by global miners.

Mr Kishore Kumar, head of iron ore, Vedanta Ltd said “While global companies selling in China have a cost structure of about USD 18 per tonne, we are in the third quartile of the cost curve. Unless the cost structure is brought down to below USD 25 per tonne range through streamlining of logistics, selling the un auctioned stocks and a reduction of taxes, mining in Goa will not be viable for the industry.”

While Kumar did not give details about the company’s cost of production, analysts say it ranges between USD 40 and USD 45 per tonne.

A large part of this is because of the taxes imposed on ore mined in Goa, along with the high cost of logistics and transportation. According to data shared by the Goa Mineral Ore Exporters’ Association “Mining in Goa attracts a 30% export duty on 58% Fe grade iron ore (the grade refers to the quality of iron ore; anything below 60% is low grade), a 15% royalty paid to the state, a 5-15% levy in the form of a district mineral foundation tax and a 10% levy on the export price of iron ore which goes to the Goa Mineral Ore Permanent Fund Scheme.”

Mining in Goa stalled in September 2012 when the state government imposed a ban on all mining activities in response to a report by the Justice MB Shah commission, which found rampant illegal mining in the state. In October 2012, the Supreme Court upheld the ban imposed by the state. In April 2014, the Supreme Court lifted the ban on the condition that all mining leases have to be renewed and fresh approvals have to be sought from the ministry of environment and forest and the state pollution control board. However, final permissions to mine came through only in July 2015.

Source : Live Mint

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voda 4 september 2015 16:49

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Schnitzer Steel involved in scrap laden barge slip up - Report

CHEK News reported that Schintzer Steel has a contractor conducting the environmental cleanup where numerous crushed cars fell into the Gorge waterway last Friday. Numerous agencies including Work Safe BC and Transport Canada are looking into what happened.

The barge is upright and considered stabilized and will have all of the cars removed as the investigation continues.

It was Friday when the load shifted, and close to 20 scrapped vehicles came off the barge. And then Saturday while trying to straighten it out — more vehicles came off once again.

Seaspan, which owns the barge, says it will inspect the vessel to see if was anyway at fault but the company says it’s been used for years with no incident like this.

But this incident not completely unheard of for Schnitzer Steel. In February 2013 a barge coming from Canada to the company’s Tacoma facility tipped and close to 20 crushed vehicles ended up in the water.

Source : CHEK News

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voda 4 september 2015 16:50

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SABIC cuts domestic rebar steel price by about 10%

Reuters reported that Saudi Basic Industries Corp said it had cut its domestic retail price for rebar steel by SAR 200 per ton, effective from the start of this month.

A company statement quoted Mr Abdulaziz Sulaiman Al-Humaid, SABIC’s executive vice president for its metals strategic business unit, as saying the reduction would contribute to the stability of the domestic market, as indicators pointed to rising demand for steel now and in the future. He added “The reduction also keeps pace with developments in regional and global markets.”

The statement did not specify a level for SABIC’s new rebar price, but before the cut, the price of rebar in Riyadh was SAR 2,200 per ton, implying the cut was about 10%, an industry source said.

Source : Reuters

voda 4 september 2015 16:51

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US ITC sees injury to domestic mills from pipe imports from Kora, Mexico and Turkey

Reuters reported that US officials found reasonable evidence that US producers of steel pipes and tubes are injured by imports from South Korea, Mexico, and Turkey, taking the complaint a step closer to import duties.

The US International Trade Commission said all six commissioners voted on Thursday to continue looking into whether imports of heavy-walled rectangular welded carbon steel pipes and tubes are sold too cheaply in the US market and, in the case of Turkish goods, benefit from unfair government support.

The complaint was lodged on behalf of Atlas Tube, a division of JMC Steel Group; Bull Moose Tube Company; EXLTUBE; Hannibal Industries Inc; Independence Tube Corporation; Maruichi American Corporation, a subsidiary of Maruichi Steel Tube Ltd ; Searing Industries; Southland Tube and Vest Inc.

The Department of Commerce is due to make a preliminary decision on subsidies by Oct. 14 and on dumping by Dec. 28.

Source : Reuters

voda 4 september 2015 16:51

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Wuppermann consolidates its steel processing plants

The new Business Unit System Solutions of the family owned company Wuppermann was established in June 2015 and contains three production sites. As of today two of the three plants for steel processing trade under the name “Wuppermann Systemtechnik”: H&B Fertigungstechnik GmbH in Thalgau, Austria, becomes Wuppermann Systemtechnik GmbH. And Wuppermann Kovotechnika s.r.o. located in Holýšov in the Czech Republic was renamed into Wuppermann Systemtechnik s.r.o. KLB Blech in Form GmbH in Herbolzheim, Germany, will follow this step as third company in the medium term.

Furthermore, there is a segment for sheet metal production within the Wuppermann Rohrtechnik GmbH in Burgbernheim and the Wuppermann Metalltechnik GmbH in Altmünster, Austria. As of today these two segments run under the name Wuppermann Systemtechnik, too.

Dr CL Theodor Wuppermann, spokesman of the Board of Management of Wuppermann AG said “The consolidation into one business unit was an important step for achieving synergies and reducing interfaces. From today on the name of the companies indicate directly the shared identity.”

The family-owned company Wuppermann, which is operating successfully in the steel processing for over 140 years, offers in its Business Unit System Solutions comprehensive services from one source in the area of flexible sheet metal production for pre-finished functional parts and assembly units. This includes – beside complete assembly units – also mounting, engineering services as well as plant engineering for example for the chemical industry.

Source : Strategic Research Institute

voda 4 september 2015 16:53

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US Steel moves best products out of Hamilton works– Report

Hamilton Spectator reported that US Steel is moving production of its highest-value steel for its best customers out of Hamilton. The move will deprive the company's struggling Hamilton Works of a quarter of its business and shave $40 million in revenue this year and $160 million next year.

Alex Morrison, the court-appointed monitor overseeing U.S. Steel Canada's restructuring under creditor protection, said in his latest report Tuesday the move is a major blow for the former Stelco. He wrote “The parts being diverted to the U.S.-based mills represent relatively higher gross margin production for Hamilton, so the impact on Hamilton's revenue, earnings and cash flow will be significant.”

The move will cut production at the former Hilton Works plant by 15,000 tons a month this year and about 180,000 tons next year. The products being moved out of Canada include output of the Z and galvanizing lines, which turn out steel for auto assembly and parts customers.

Up to 27 workers will be affected by the move — 17 through layoff and 10 by being moved to other jobs. No layoffs are predicted at the Lake Erie Works in Nanticoke.

Source : Hamilton Spectator

voda 4 september 2015 16:54

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US steel import permits in August dip by 9% MoM

Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis data, the American Iron and Steel Institute has reported that steel import permit applications for the month of August total 3,009,000 net tons. This was a 9% decrease from the 3,315,000 permit tons recorded in July and a 7% decrease from the July Preliminary imports total of 3,243,000 NT.

Import permit tonnage for finished steel in August was 2,339,000, down 9% from the preliminary imports total of 2,578,000 in July. For the first eight months of 2015 (including August SIMA and July Preliminary), total and finished steel imports were 27,972,000 NT and 22,779,000 NT, respectively, down 2% and up 6% from the same period in 2014. The estimated finished steel import market share in August was 26% and is 30% year-to-date (YTD).

Finished steel imports with large increases in August permits vs. the July Preliminary included wire rods (up 36%), tin plate (up 21%) and oil country goods (up 11%). Products with significant year-to-date (YTD) increases vs. the same period in 2014 include reinforcing bar (up 46%), line pipe (up 43%), standard pipe (up 30%), tin plate (up 20%), sheets and strip hot dipped galvanized (up 18%), wire drawn (up 11%) and cold rolled sheets (up 10%).

In August, the largest finished steel import permit applications for offshore countries were for South Korea (317,000 NT, up 3% from July Preliminary), Japan (220,000 NT up 23%), Brazil (181,000 NT, up 92%), China (172,000, down 39%) and Turkey (141,000 NT, down 38%). Through the first eight months of 2015, the largest offshore suppliers were South Korea (3,683,000 NT, up 2% from the same period in 2014), Turkey (1,978,000 NT, up 51%) and China (1,977,000, down 2%).

Source : Strategic Research Institute

voda 4 september 2015 16:55

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Vietnamese galvanized steel not dumped in Australia

VNA reported that the Australian Anti Dumping Commission has announced its decision to conclude its dumping investigation into zinc coated galvanized steel imported from Vietnam that Vietnamese zinc-coated steel is not dumped in Australia.

The Vietnamese trade mission in Australia said the ADC concluded that Vietnamese galvanised steel shipped to Australia was of unremarkable quantity and not sold at dumping prices, therefore posing no threat to Australia’s domestic steel production.

Previously, in July last year, BlueScope Steel filed a complaint accusing Vietnamese zinc-coated steel of being dumped in Australia with a dumping margin of 16.26%.

Although Vietnam’s steel, at around 12,524 tonnes, accounted for just 6.9% of total Australia’s zinc-coated steel imports, BlueScope Steel said Vietnamese steel caused significant damages to the domestic industry.

Source : VNA

voda 4 september 2015 16:56

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Tata Steel expands new welded line pipe product range

TradeArabia News Service reported that Tata Steel has expanded its new range of welded linepipe, ahead of the Offshore Europe, where it will celebrate 21 years and one million tonnes of steel in the North Sea.

The size range extension has expanded the range further, with the company successfully producing a range of new X65 sizes, with a wall thickness of up to 38.1 mm and a diameter up to 559 mm. The company can now, therefore, offer traditionally seamless pipe sizes in a welded form, the benefits of which include a decreased lead time in customer orders and improved fit up and weldability which therefore reduces time and project costs

The new products have already been successfully deployed in the North Sea and in deep water projects in the Gulf of Mexico. Earlier this summer Tata Steel became the first to successfully deliver double submerged arc welded longitudinal (DSAWL) pipe through reeling method in the North Sea.

Martin Connelly, technical manager, Tata Steel, said: “This development marks another huge success for Tata Steel and for our customers. Our team has worked extremely hard to develop this new generation of welded pipe which will contribute to a lower cost of operation and ownership of assets for our customers. We have invested heavily in research, development and innovation and with the aid of our state of the art finite element (FE) modelling and tooling programme this project has come to fruition. A recent installation of 140km of 457mm Outside Dimension x 28.6mm Wall Thickness within deep water off the Gulf of Mexico was produced in such a way that it was able to meet the manufactured requirements of DN OS-F101 should a reel installation been considered.”

Tata Steel recently invested in welding control technologies within its 42-inch UOE mill, including weld condition monitoring and digital front-end control of the SAWL welding process, said the statement. Investment was also made to ensure the ovality of the pipe is as perfect as possible to the expander, with the business reviewing the full forming process including tooling design and a fully validated FE model, it said.

Source : TradeArabia News Service

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voda 4 september 2015 16:57

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Mechel inks 3 year coking coal supply deal with JFE Steel

Mechel OAO announced signing of a 3 year agreement for coal supplies with Japan's JFE Steel Corporation. According to the agreement, Mechel will annually supply JFE Steel up to 1 million tonnes of metallurgical coals, mostly coking coal concentrate produced by Yakutugol Holding Company OAO, as well as coking coal concentrate produced at the Elga coal deposit. The price will be determined based on the market situation.

JFE Steel has been a client of Neryungri coal producers since 1985 and has proved to be Mechel's longstanding and reliable partner. In 2013 JFE Steel Corporation was the first to acquire the trial export batch of the Elga deposit's coking coal concentrate. After a series of industrial tests, our partner gave a highly appreciative opinion of Elga products' quality and voiced their interest in long-term ties.

Mechel Mining Management Company OOO's Chief Executive Officer Mr Pavel Shtark commented “We are grateful to our partner for their trust -- this is Mechel's first contract to be signed with a Japanese company for such a long term. We consider this three-year agreement with JFE Steel as an important step in implementing our strategy of diversifying our sales and strengthening ties with Asia Pacific's key steelmakers. Considering global commodity markets' volatility, we make it our priority to preserve our client base and ensure a stable flow of orders for our Group's coal producers,"

Source : Strategic Research Institute

voda 4 september 2015 16:58

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POSCO breaks ground for Gwangyang 7 Continuous Galvanizing Line

Korea Times reported that South Korea’s largest steelmaker POSCO will invest 255.4 billion won to build a mill to produce steel for high end vehicles. The company broke ground for the Gwangyang 7 Continuous Galvanizing Line in South Jeolla Province, on Thursday.

When completed in June, 2017, the mill will produce 500,000 tons of AHSS each year.

A POSCO spokesman said “When it is completed and other overseas auto steel production facilities are in operation, our total annual output will reach 10 million tons in 2017.”

POSCO operates seven plants at home as well as four overseas plants in China, India and Mexico that produce AHSS. The company is also building a plant in Thailand. The steelmaker plans to have six plants operating by 2017, but has not revealed further details.

Demand for AHSS is rising because it is about 10% lighter but more than twice as strong as current steel sheets for cars.

Source : Korea Times

Vertraagd	3 feb 2025 14:36
Koers	23,500
Verschil	-0,670 (-2,77%)
Hoog	23,520
Laag	22,450
Volume	1.942.881
Volume gemiddeld	2.337.653
Volume gisteren	2.128.127

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