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voda 6 juni 2019 16:51

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SMDI Announces Annual Award Winners for 2019

The Steel Market Development Institute a business unit of the American Iron and Steel Institute presented three awards for achievement and service to the North American steel industry to Dr Grant Thomas of AK Steel, Mr Eric Petersen, formerly of AK Steel (retired); and, Mr Edward Pleet of Ford Motor Company. The awards were presented by AISI Chairman Mr Roger K Newport, Chief Executive Officer at AK Steel Corporation, during the Institute’s General Meeting in Washington, DC.

Dr. Grant Thomas, Manager, Product Research, AK Steel Research and Innovation, was presented with the 2019 Market Development Achievement Award, for his recent contributions to collaborative market development that continues to strengthen the position of new, high-strength steel as the material of choice in automotive applications. Grant has contributed to the industry through active involvement with the SMDI-sponsored program on Integrated Computational Materials Engineering, development of commercial Third Generation Advanced High Strength Steels, and active promotion of steel research and development. [Photo]

Mr Eric Petersen, formerly of AK Steel, received the 2019 Market Development Lifetime Achievement Award, which was created to recognize members of the North American steel industry who have made significant contributions over the course of their careers in advancing the competitive use of steel in the automotive marketplace. Mr. Petersen was chosen for his outstanding contributions in advancing collaborative market development in the automotive market. He worked globally on the promotion of advanced high-strength steels and technology on behalf of AK Steel and the steel industry in general, and is recognized as a leader and spokesperson for the industry.

Mr Edward Pleet, Chief Engineer, Global Body Structures and Architecture, Ford Motor Company, is this year’s recipient of SMDI’s Market Development Industry Leadership Award. This award recognizes steel partners or customers, such as automakers, who have made significant contributions to advancing the competitive use of steel in the marketplace. Mr. Pleet was selected for this award as a result of his leadership and active participation in collaborative research on behalf of Ford that will help set new standards of automotive materials innovation for the entire auto industry. Mr Pleet has led in the application and advancement of advanced high-strength steel at Ford, as demonstrated by their latest product lines, including the newly-unveiled 2020 Escape.

Mr Newport said that “These award winners exemplify the best attributes of a strong and growing automotive steel industry in North America. Each of them has demonstrated the innovative success the entire industry can enjoy through industry-wide collaboration. Fostering that collaboration is the mission of the Institute and its member companies, and we’re proud to recognize each of these outstanding individuals.”

Source : Strategic Research Institute

voda 6 juni 2019 16:52

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AISI Welcomes Two New Directors To The Board

The American Iron and Steel Institute’s Board of Directors today welcomed two new directors Mr Michael McQuade, Algoma Steel Chief Executive Officer, and Mr Ed Ramsey, Regional President - North America for Harsco Metals and Minerals. AISI Chairman and AK Steel chief executive officer Roger Newport said that “Michael McQuade and Ed Ramsey are tremendous ambassadors for the steel industry, and I am excited to welcome them to the AISI Board of Directors With their help, we will continue to advocate for the best interests of the North American steel industry, our workers, and our customer and supplier partners.”

AISI President and CEO Mr Thomas J Gibson added that “Michael and Ed both have years of steel industry expertise that will serve as an asset to the Institute as we navigate this critical period in the history of our industry.”

Source : Strategic Research Institute

voda 6 juni 2019 16:53

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Metinvest Promservice Began Major Overhaul At The Site Of Azovstal

Metinvest Promservice started a large and very interesting overhaul at the site of Azovstal Iron & Steel Works a sorting machine No. 2 in the large-section rolling mill. And it is interesting because the machine has not been repaired for a long time, thoroughly. It was just that there were no brave people who were ready to take on such a large-scale business. But the specialists of our branch number 1 decided! They are confident in their strength and experience.

The grading machine is very important for the process. Here the deformation remaining in the products after rolling mills is eliminated. Editing pass corner, rail, mine rack, round timber - in general, the entire range of the shop.

The unit was stopped according to the plan on May 17. Until the 20th, they were engaged in the workshop technologists: they dismantled engines, cleaned equipment, etc.

The main task of the overhaul is the replacement of eight straightening shafts, as well as the restoration of the operating parameters of the drives with the replacement of spindles and arbors. Here, two electric cranes will come to the aid of our guys at once. After all, the assembly frame weighs about 30 tons!

Now the site of the Center No. 1 Center’s TSMO works - mechanics, electric welders, gas cutters, and at the end of the week they will be joined by colleagues from TsSO PP. Work will last at least a month. I am sure: the result will be excellent!

Source : Strategic Research Institute

voda 6 juni 2019 16:53

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World Environment Day Celebrations At RINL Vizag Steel

World Environment Day was celebrated in a big way at Vizag Steel. The month long events organised by Environment Management Department of Vizag Steel, culminated with a grand function held at TTI auditorium of the Steel Plant. Mr PK Rath CMD of RINL-VSP was the chief guest and Mr P Ravindranath Senior Environmental Engineer Andhra Pradesh Pollution Control Board was the Guest of Honor. Mr Ravindranath said that manmade intervention like Domestic, Industry, Transport & Agriculture are the major sources of pollution. These are being cautiously controlled by our latest govt. Policies through NGT & CPCB. He complimented RINL for taking extensive pollution control measures and sustaining a green and clean environment in and around the plant and township. He said that the Govt of AP and AP Pollution Control Board started a campaign in a big way to contain plastic pollution in the society for a clean environment. He called upon the people to reject use of plastics in their daily life.

Mr PK Rath spoke at length about the commitment of Vizag Steel towards environment and said that RINL has been attaching high importance to maintain the eco-system clean and green right from the beginning. RINL, in this direction, has introduced new technologies for reduction of greenhouse gas emissions, waste management projects etc, and invested huge amounts on environment protection measures in expansion and modernization, he added. He further said that, optimization of productions and mitigation of pollution has to go hand in hand. Every citizen is responsible in addition to the Govt & Industry to leave a green world to the future.

Source : Strategic Research institute

voda 6 juni 2019 16:54

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News Government Urged To Implement New Policies To Help British Steel

Alliance News reported that the Brexit Party has urged the government to implement measures immediately to save British Steel after it went into receivership last month. Newly elected MEPs met with the public in Scunthorpe, North Lincolnshire, to outline their policies on how the steel industry could be saved. The party members, who are setting up a working group to monitor the situation with the company, said British Steel had collapsed due to EU rules and regulations.

Mr John Longworth, Brexit Party MEP for Yorkshire and the Humber, said the company had been "badly let down" by public policy in the UK. He said the government should implement new public policies, against EU regulations, immediately and not wait until October 31.

Mr Longworth said that "These industries have actually been let down, badly let down, by public policy in the UK. One of the things we wanted to do today was highlight the ways in which we can actually get control of public policy and the way those public policies can help those strategic industries once we've left the EU. Given the urgency of dealing with these matters in relation to British Steel, the government should really say we're going to implement these public policy changes now.”

He added that "Never mind waiting for October 31, we'll do it now and if the EU want to take action, so be it. But we ought to make the environment for big strategic industries favourable right now."

Mr Longworth said the Brexit Party would change or abandon current EU policies on public procurement, access to finance and state aid, competition rules and the carbon trading regime – policies which he said prejudiced companies such as British Steel.

He said their policies would include the UK being able to favour national industries, the government being able to provide long-term patient capital to businesses, a competition regime that provides competition only within the UK and that favours UK consumers, and a carbon trading regime based only on UK companies.

The MEP said it was important for the government to be able to support the industries that underpin the UK.

Source : Alliance News

voda 6 juni 2019 17:04

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South Africa Steel Sector Pleads For Bold Action As GDP Growth Plunges

Fin24.com reported that South Africa's steel and metal sector has pleaded with President Cyril Ramaphosa to show bold leadership in place of "soothing words" after Stats SA reported a shock 3.2% fall in the country's quarterly GDP on Tuesday morning. While analysts were expecting a contraction in economic growth, the scale of the decrease was unexpected and about twice what some analysts had predicted. The rand plunged over 1% against the dollar in wake of the announcement.

Mr Kaizer Nyatsumba, the head of the Steel and Engineering Industries Federation of Southern Africa said in a statement that SA was confronting a "growing economic crisis, which has the potential to get completely out of control".

Seifsa is an employer federation representing the country's metal and engineering industry.

Mr Nyatsumba said that "Tough leadership, as opposed to tepid leadership and mere rhetoric, is called for.”

The manufacturing sector – vital for Seifsa's members - declined by 8.8% in the first three months of the year.

The construction industry, meanwhile declined by 2.2%. Construction has only experienced a single quarter of positive growth over the last two years, which has contributed to major players such as Group 5 filing for bankruptcy. The industry shed 142 000 jobs in the first quarter of 2019 when compared with the fourth quarter of 2018, Stats SA reported.

Mr Nyatsumba said that "President Ramaphosa has now obtained a mandate from the electorate; he and his team can no longer continue to fiddle while the country burns. We are currently confronting a growing economic crisis, which has the potential to get completely out of control. Tough leadership, as opposed to tepid leadership and mere rhetoric, is called for.”

Source : Fin24.com

voda 6 juni 2019 17:05

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Business Secretary Chairs British Steel Support Group

NE Connected reported that British Steel Support Group met as part of ongoing work to help secure the long-term future of steel production at Scunthorpe, Skinningrove and on Teesside. Business Secretary Greg Clark chaired the meeting, which brought together representatives from British Steel, the Government, local MPs, trade bodies, trade unions, as well as local leaders and the Local Enterprise Partnerships. The group reaffirmed its commitment to British Steel, and its ongoing efforts to leave no stone unturned to support the Official Receiver in finding a suitable buyer.

Business Secretary Greg Clark said that “Having worked with British Steel, and visited and met with management and staff at Scunthorpe, Skinningrove and on Teesside, I wanted to convene the British Steel Support Group to harness the passion and experience of everyone in the group to help secure the future of steelmaking at these sites. Our first priority is to continue to support the Official Receiver through the sale process as he aims to find a suitable buyer for the company, and to safeguard jobs. We have agreed to meet on a regular basis as part of that endeavour. We also send our thanks and appreciation to British Steel’s highly skilled and talented workforce who, despite facing an understandably worrying time, have continued to lead the company to record levels of steel production – testament to their commitment and hard work. The world will always need steel and British Steel is amongst the best in the world; this was clearly demonstrated in my visit to Bridon Bekaert, where British Steel is used to manufacture the highest quality product which is then exported across the world. Our support group brings together representatives from the company and wider industry, trade unions and local leaders, and each and every one of us is steadfast in our commitment to seeing steel production continue well into the future.”

Members of the group praised the commitment of British Steel’s workforce who continue to reach record levels of steel production, despite the challenging time that workers currently face. At the meeting, it was also agreed that there would be a sub-group formed of suppliers and customers, led by Stephen Phipson, Chief Executive of Make UK, which will focus on companies in British Steel’s customer and supply chain.

Source : NE Connected

voda 7 juni 2019 12:48

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ING halveert koersdoel Aperam
Gepubliceerd op 7 jun 2019 om 10:16 | Views: 3.059

Aperam 12:28
21,99 +0,29 (+1,34%)

AMSTERDAM (AFN) - Het koersdoel voor het aandeel Aperam is door analisten van ING gehalveerd. Het advies op het roestvrijstaalbedrijf blijft daarbij hold. Dat blijkt vrijdag uit een rapport van de bank over het bedrijf, naar aanleiding van een wijziging in de primaire analist die het fonds volgt.

De richtprijs voor Aperam gaat naar 25 euro. Dat was eerder nog 50 euro. ING noemt Aperam een solide presteerder in de Europese sector voor roestvrij staal. Wel zijn de vooruitzichten volgens de kenners "breekbaar", onder meer vanwege een wat sombere macro-economische prognose voor Europa en de aanhoudende dreiging van goedkopere import. Wel benadrukken ze de sterke balans en het attractieve beleid om kapitaal uit te keren aan aandeelhouders.

Het aandeel Aperam stond vrijdag omstreeks 10.05 uur 0,3 procent hoger op 21,77 euro.

voda 7 juni 2019 15:34

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Hebei Province Based Steel Mill’s Steel Production In Q1 Surges By 19% YoY

Caixin Global reported that the floodgates burst open on steel production in China last winter due to a relaxation of environmental controls that had reined in output during the winter of 2017 and the northern steel province of Hebei was at the center of the production surge. Hebei’s steel output hit 57.53 million tonnes in the first quarter of this year, up almost 19% on the same period of 2018, accounting for 46.1% of the national rise during the same period, during which China produced 231 million tonnes of steel, a year on year increase of 9.92%. This has led many industry experts to worry that efforts to control output in the country that produces over half of the world’s steel are failing.

Mr Wu Jingjing, a deputy director of the China Iron and Steel Association, explained that this winter’s surge was the result of a relaxation of limits that had kept production in check during the winter of 2017-18.

Beijing, the surrounding province of Hebei and the nearby city of Tianjin had restricted steel producers to 50% of their capacity to reduce smog during the season when coal fired power plants are ramped up to heat northern China. However, the region ditched this single knife cut approach last year and said that steel enterprises did not have to limit production if their emissions met the standards.

Source : Caixin Global

voda 7 juni 2019 15:35

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JSW Steel Considering Bid For British Steel - Report

MoneyControl, citing sources close to the development, reported that JSW Steel is considering a bid for British Steel. The report quoted a source as saying that "JSW Steel is considering the option, as British Steel could come at a very low price and wouldn't put pressure on its leverage. At the same time, a possible deal will give JSW Steel access to steelmaking facility in developed markets.”

Responding to Moneycontrol's query, its spokesperson said that JSW Steel doesn't comment on market rumours and speculations.

Source : MoneyControl

voda 7 juni 2019 15:35

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EEPC Airs Concerns Over High Domestic Steel Price In India

PTI reported that at a time when domestic steel sector was facing slackening demand, engineering exporters' body EEPC India on June 6 raised its concerns about the high domestic steel price compared to the international price saying, it was leading to a non-competitive scenario in downstream engineering exports. In a statement after a review meeting with the Union commerce and Industry minister Piyush Goyal, the EEPC said that high prices of domestic steel, a crucial raw material, as compared to international market, has resulted in non-competitiveness of Indian downstream engineering exports. EEPC India Vice chairman Arun Garodia said "It is critical that our exporters get steel at international prices and we request the government to address this issue at the earliest. If we get steel at global prices, our exports will have tremendous buoyancy and we will be able to weather the protectionism with full force.”

EEPC highlighted its problems to the government about the protectionist measures being faced by the engineering exporters in the European Union market.

The other obstacles for exporters include the uncertainties arising out of WTO compatibility for incentive schemes like MEIS and interest equalization scheme.

Source : PTI

voda 7 juni 2019 15:36

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Deadline For British Steel Bids Extended To June 30 - Report

Financial Times, citing to people briefed on the matter, reported that a deadline for bids for the stricken British Steel has been pushed back to the end of the month to allow prospective buyers more time to prepare offers. The sources said “The official receiver overseeing the liquidation of the UK’s second-largest steelmaker had originally called for bids to be made by next Wednesday 12th June, but this has now been extended until around the 30th.”

One person briefed on the matter said it was not a definitive deadline and that if bidders came forward in the days after they would not necessarily be excluded.

The extra time for interested parties to conduct due diligence will buoy hopes among employees that British Steel can be rescued.

Source : Financial Times

voda 7 juni 2019 15:36

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CSN To Invest In São Paulo Galvanizing Steel Plant

BN Americas reported that Brazilian steelmaker CSN announced BRL 1.5 billion (USD 390 millionn) in investments to build a galvanized steel plant in its home state of São Paulo. The plant will be part of São Paulo's metal-mechanic hub, one of 11 new economic development areas announced by governor João Doria in May. CSN CEO Benjamin Steinbruch said "Currently, we are looking for competitiveness everywhere, so having a hub converging logistics with cost reduction is vital to enable an integrated production for the sector. The hubs will bring together not only the big customers, but also those who are part of the whole chain. The closer you are, the better."

State investment body Investe São Paulo will conduct a study to determine the most suitable place in the state to build the plant.

CSN is Brazil's third-largest steelmaker.

Source : BN Americas

voda 7 juni 2019 15:37

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JSW Steel To Acquire Piombino Steel

JSW Steel Limited informed BSE that “It has agreed to acquire, by itself and through its nominees, 10,000 shares of INR 10 each, comprising the entire issued and paid-up share capital, of Piombino Steel Limited from JSW Techno Projects Management Limited. Further Piombino Steel Limited shall, by itself and/or through nominees, acquire 8,000 shares of INR 10 each, comprising the entire issued and paid-up share capital of Makler Private Limited from JSW Techno Projects Management Limited. Pursuant to the above, Piombino Steel Limited shall become a wholly owned subsidiary of the Company and Makler Private Limited shall become a wholly owned subsidiary of Piombino Steel Limited.”

Source : Strategic Research Institute

voda 7 juni 2019 15:37

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Terminal For Transhipment Of Metalloinvest’s Pellets & HBI To Be Built At Ust-Luga Port

Metalloinvest has signed a binding agreement with the company Ultramar for the construction of a specialised terminal for the transfer of iron ore pellets and HBI at the Ust-Luga port, located in the Leningrad region. The signing took place at the Saint Petersburg International Economic Forum in the presence of Andrey Varichev, CEO of Management Company Metalloinvest. The document was signed by Vakhtang Kocharov, Executive Director of Metalloinvest Trading AG, and Andrey Bonch-Bruevich, CEO of Ultramar.

2.5 million tonnes of transfers will take place per year. The contract is valid for five years on a take-or-pay basis.

Ultramar will finance the construction of the terminal using its own and raised funds.

Construction of the terminal will be completed by the middle of 2020. Railway tracks, storage facilities and Panamax docking areas for incoming ships will also be built. Mechanical pellet cleaning and shipping transfer of HBI will take place at the terminal.

Source : Strategic Research Institute

voda 7 juni 2019 15:38

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Hoa Phat sells 226,000 tonnes of steel in May

VNA reported that Hoa Phat Group has said it sold 226,000 tonnes of construction steel in May with a 3.5-fold increase in southern market, raising the five-month figure to 1.16 million tonnes, up 22.4% YoY. Some 149,000 tonnes were sold in the south, marking a 1.65-fold rise from the same period last year.

Steel export also rose by 21.4% to about 106.400 tonnes, mostly to Japan, the US, Canada, ASEAN member states such as Cambodia, Malaysia and Laos.

In late May, the group shipped the first batch of 6,000 tonnes of quality rolled steel to Japan. Another 18,000 tonnes are waiting for delivery abroad in June.

Source : Vietnam Plus

voda 7 juni 2019 15:57

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Bidders Scramble To Break Up British Steel By June Deadline - Report

Reuters quoted sources close to the process as saying that steelmakers and private equity firms are only working on proposals for parts of collapsed British Steel ahead of a June deadline for binding bids. The Source said that none of the potential buyers, which include GFG Alliance and former owner Greybull, would be willing to take on the whole company, even for a nominal sum, because of the capital expenditure required to make it profitable after years of underinvestment.

A source added “Unions oppose a break up of the business, making any partial sale politically difficult, but the British government is under pressure to find a quick solution as it potentially faces a wage bill of around 250 million pounds a year until a buyer is found.”

Source : Reuters

voda 7 juni 2019 15:58

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Official Statement Of Metinvest Group On Environmental Campaign

Metinvest is observing an increased activity in social media of certain public activists, who publicly declared protest activities near Metinvest offices in various cities of Ukraine. They call these activities “environmental” and are planning to time them to coincide with the date of Metinvest Group foundation on the 6th of June.
In this regard, Metinvest considers it necessary to warn all its employees, partners, investors, creditors and counterparties about possible provocations on the eve of the parliamentary elections in Ukraine scheduled for the 21st of July.

Metinvest is outside the political processes, however the Group itself, and its production enterprises may be subject to attacks by various political forces. Some of them will use the topic of protecting the environment in order to achieve their political goals and gain additional points on the eve of elections.

Metinvest Group responsibly states that it systematically fulfills all the commitments made to improve the quality of the environment in the cities of its presence – Mariupol, Zaporizhzhya and Kryvyi Rih. City environmental programs were developed with active involvement of the local communities, and are currently delivered for over 50%. Annually, the enterprises of the Group allocate over UAH 4 billion for environmental activities (UAH 7.4 billion in 2018 alone). Total investments by the Group to environmental projects in 2014-2018 comprised UAH 33.2 billion (over $1.2 billion).

Therefore, currently, Metinvest considers all accusations towards the Group claiming the failure to deliver the environmental programs and fulfill the commitments groundless and deems them aimed at meeting political ambitions of the aimed at meeting the political ambitions of the participants in the election race in Ukraine.

Source : Strategic Research Institute

voda 7 juni 2019 15:58

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MMK Group To Increase Coated Steel Production

MMK-Lysva Metallurgical Plant, which is controlled by MMK Group since the end of 2017, plans to increase production significantly this year by gradually raising its utilization rate. Since the plant is specialized in coated flats, it will allow the holding to raise the output of HVA products. This year MMK-LMZ intends to produce about 300,000 tonne of coated flats. The output will increase by about 20%, compared to last year’s results.

CEO Sergey Dubovsky said “After the company became a part of MMK, the production volume increased by more than 2 times. While in 2017 the plant produced 110,100 tonne, in the end of 2018 this figure reached 248,500 tonne.”

In Q1 2019, the output of merchant products grew by 30% YoY, reaching 60,000 tonne. In particular, galvanised steel with polymer coating production amounted to 56,000 tonne (+ 37%).
Source : Strategic Research Institute

voda 7 juni 2019 15:59

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Voestalpine Posts Record Revenue For The Business Year 2018-19

Following the record business year 2017/18, which produced all-time highs with respect to just about every key performance indicator of the voestalpine Group, the business year 2018/19 just ended was characterized by growing political and economic challenges. Mr Wolfgang EderWolfgang Eder Chairman of the Management Board of voestalpine AG said that the escalating trade war between the United States and China as well as other regions (including Europe) are the main causes of the increasing economic slowdown. In the European Union, Britain’s unproductive Brexit negotiations as well as the introduction of a new emissions test in the important automotive industry weighed additionally on economic sentiment. A number of negative internal non-recurring effects compounded the increasingly difficult macroeconomic environment. In particular, the volume losses in production stemming from the complete overhaul of the large blast furnace at the Group’s Linz facility, provisions that had to be set up in connection with ongoing cartel proceedings in the Heavy Plate business segment as well as difficulties related to the start-up of a new automotive component plant in Cartersville, Georgia, USA, had an impact on earnings for the year.

Highlights

Revenue rises 5.1% YoY, from EUR 12.9 billion to a new all-time high of EUR 13.6 billion

Negative external and internal non-recurring effects impact Group’s earnings categories

Operating result declines by 19.9% from EUR 1.95 billion to EUR 1.56 billion, with an EBITDA margin of 11.5%

Profit from operations drops by 33.9% from EUR 1.18 billion to just under EUR 780 million, with an EBIT margin of 5.7%

Profit before tax drops by 38.1% to EUR 646 million and profit after tax by 44.4% to EUR 459 million

At EUR 6.71 billion, equity reaches an all-time high (+2.4%)

At 46.6%, gearing ratio is largely stable

Increase of 0.6% in number of employees to 51,907

Dividend of EUR 1.10 per share proposed to the Annual General Meeting (previous business year: EUR 1.40 per share).

Outlook for the Business Year 2019/20
The Management Board of voestalpine AG is working hard to put the operating result in the 2019/20 business year on a stable footing compared with the previous year despite growing economic uncertainties.

Source : Strategic Research Institute

Vertraagd	6 feb 2025 17:38
Koers	27,610
Verschil	+3,250 (+13,34%)
Hoog	27,850
Laag	24,870
Volume	11.236.094
Volume gemiddeld	2.524.108
Volume gisteren	2.530.007

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