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1. voda 21 april 2017 15:39

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   NSL Consolidated’s iron ore plant in India secures new order
   
   Proactive Investors reported that NSL Consolidated has received a 20,000-tonne purchase order for premium 63% iron produced at its iron ore wet beneficiation plant in India. The sales price for the initial order from new customer Infinity Ores is USD 65 ex-gate, with payment in advance based on 1,000 tonne lots.
   
   NSL is currently working through operational/plant changes to enable the routine production of the +63% iron product for IFO.
   
   The short term operational changes include the blending of higher grade feed supplied by IFO with existing plant feed.
   
   NSL’s wet beneficiation plant commenced two-shift operations in the beginning of April, and is currently scheduled to move to three-shift operations.
   
   The company’s Phase Two wet beneficiation plant is expected to produce premium price iron ore product grading between 58-62% iron at around 200,000 tonnes per annum.
   
   NSL is the only Australian or foreign company to own and operate in India’s massive iron ore market.
   
   The feedstock for the Phase Two wet beneficiation plant is provided by two of the company’s local mines nearby, Kuja and Mangal.
   
   Importantly, NSL’s customer base is expanding, with additional customers having conducted site visits in the past week.
   
   Source : Proactive Investors
2. voda 21 april 2017 17:46

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   Met dank aan poster kusadasi:
   
   Vale (VALE) Shares Up on Record Q1 Iron-Ore Production
   
   Zacks
   Zacks Equity Research
   ZacksApril 21, 2017Comment
   Premium mining company, Vale S.A.’s VALE aggregate iron-ore output touched a record high in first-quarter 2017. Shares of this Zacks Rank #3 (Hold) stock climbed in the pre-market trade on Nasdaq, clearly reflecting an optimistic reaction to the release.
   
   Inside the Headlines
   
   The company’s first-quarter iron-ore output came in at 86.2 million tons (Mt), up 11.2% year over year. The upside was stemmed by robust ramp-up of the company’s S11D mine and Itabiritos projects conducted in the Southeastern System.
   
   Aggregate output of pellets totaled 12.4 Mt, up 8.2% year over year. The upside was driven by solid productivity attained from both the systems in Brazil as well as the absence of one-month maintenance closure of the Oman plant in Jan 2016.
   
   Gross output of coal was 2.4 Mt, up 46.4% year over year. This remarkable upside was backed by record productivity of the company’s Moatize mine.
   
   However, during the reported quarter, aggregate productivity of manganese ore, nickel, copper, cobalt and gold fell short of the year-ago tallies by 8.7%, 2.9%, 2.6%, 10.1% and 11%, respectively. Lesser availability of good quality ores, weaker-than-expected mining productivity and planned maintenance shutdown of certain mines were some factors playing spoilsport.
   
   Our Take
   
   Iron-ore prices tumbled to a six-month low (around $63/ton) in the third week of Apr 2017. The downside was stemmed by a supply glut in the market, anticipation of lower Chinese steel demand and concerns relating to Donald Trump’s overnight announcement to examine foreign steel imports in the U.S. Fall in iron-ore prices is bad news for mining giants like Vale, BHP Billiton Limited BHP, Rio Tinto plc RIO and Cliffs Natural Resources Inc. CLF, as this core metals are a key profitability source for these companies.
   
   Over the last one month, Vale’s shares recorded a loss of 6.72%, narrower than 11.30% loss incurred by the Zacks categorized Mining - Iron industry. Though shares of the company tanked, it managed to outperform the industry based on some solid fundamentals.
3. voda 24 april 2017 16:07

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   Wereldwijd meer staal geproduceerd
   
   Stijging iets hoger dan in februari.
   
   (ABM FN-Dow Jones) De mondiale staalproductie is in maart iets harder gestegen dan in de voorgaande maand. Dit bleek maandag uit cijfers van brancheorganisatie World Steel Association.
   
   In totaal maakten de 67 staalproducerende landen in de afgelopen maand 145,0 miljoen ton staal, een stijging van 4,6 procent op jaarbasis. In februari steeg de productie met 4,1 procent.
   
   In China, wereldwijd met afstand de grootste fabrikant van staal, steeg de productie afgelopen maand op jaarbasis met 1,8 procent tot 72,0 miljoen ton. Japan zag de productie afgelopen maand met 1,8 procent toenemen.
   
   In Duitsland was sprake van een stijging met 1,9 procent op jaarbasis tot 3,9 miljoen ton. In Italië steeg de productie stevig met 9,5 procent, terwijl in Spanje 15,7 procent meer staal werd gemaakt.
   
   De Verenigde Staten produceerden in maart 7,0 miljoen ton staal. Dit was 3,4 procent meer dan een jaar eerder.
   
   De bezettingsgraad van staalproducerende landen steeg op jaarbasis met 2,2 procentpunt naar 72,7 procent vergeleken met dezelfde maand een jaar terug. Vergeleken met een maand eerder betekende dit een toename van 2,0 procentpunt.
   
   Door: ABM Financial News.
   
   info@abmfn.nl
   
   Redactie: +31(0)20 26 28 999
   
   Copyright ABM Financial News. All rights reserved
   
   (END) Dow Jones Newswires
4. voda 24 april 2017 16:15

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   Anglo American ziet producties overwegend stijgen
   
   Wel afname voor nikkel en koper in eerste kwartaal.
   
   (ABM FN-Dow Jones) Anglo American heeft over het eerste kwartaal met uiteenlopende percentages op jaarbasis meer geproduceerd, met een daling in de koper- en nikkelproductie. Dit maakte de Britse mijnbouwer maandag voorbeurs bekend.
   
   Diamant, gedolven door De Beers, steeg met 8 procent naar 7,4 miljoen karaat, waarbij het bedrijf vooral baat had van de delvers in de Gahcho Kué-mijn in Canada.
   
   Platina liet een stijging van 1 procent op jaarbasis zien. IJzererts uit de Kumbamijnen steeg 17 procent, uit de Minos Rio-mijn in Brazilië met 30 procent.
   
   De productie van metallurgische kolen stegen in productie met 28 procent naar 5,2 miljoen ton.
   
   Koper nam in productie met 3 procent af, nikkel daalde met 12 procent.
   
   Outlook
   
   Anglo American handhaafde de verwachting dit jaar 31 miljoen tot 33 miljoen karaat diamant te delven, afhankelijk van handelscondities. Bij platina gaat het bedrijf uit van een jaarproductie die ligt tussen de 2,35 miljoen en 2,40 miljoen ounce, gelijk aan de eerdere outlook. Ook voor koper was geen wijziging van kracht en bleef de verwachting voor 2017 liggen op een productie tussen de 570.000 en 600.000 ton. De totale productie van ijzererts komt in 2017 naar verwachting uit tussen de 56 miljoen en 60 miljoen ton. Metalurgische kolen bleven in de outlook ook ongewijzigd op 19 miljoen tot 21 miljoen over het gehele jaar.
   
   De verwachting voor Nikkel werd wel bijgesteld. Aanvankelijk lag de prognose voor de jaarproductie op circa 45.000 ton, maar nu gaat het bedrijf uit van een range tussen de 43.000 ton en 45.000 ton nikkel.
   
   Het aandeel Anglo American sloot vrijdag 0,2 procent hoger op 11,20 Britse pond.
   
   Door: ABM Financial News.
   
   info@abmfn.nl
   
   Redactie: +31(0)20 26 28 999
   
   Copyright ABM Financial News. All rights reserved
   
   (END) Dow Jones Newswires
5. voda 24 april 2017 16:49

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   Corus acquisition was an aspirational mistake – Dr JJ Irani
   
   Press Trust of India quoted Dr JJ Irani former MD of the Tata Steel as saying that acquisition of London-headquartered Corus by Tata Steel was a mistake and slicing off the take over at the moment was a good job. Dr Irani at an interaction on management organised by Calcutta Chamber of Commerce told that "Acquisition of Corus was a mistake. Not an intentional one but an aspirational mistake.”
   
   Dr Irani, who held the position of the MD of Tata Steel for nearly a decade, said that “The Indian company emerged as a white knight while acquiring Corus in 2007 when the global steel market was good. But with the subsequent slump in steel demand, Corus acquisition turned bad and it had lived off Tata Steel's Indian operations.”
   
   He however, said that experience of Tata Motors was different in case of JLR, which was acquired by it, was doing extremely well and was supporting the Indian firm now. Dr Irani said that "JLR is holding up the Indian company. The scenario is different for Tata Steel.”
   
   Source : Press Trust of India
6. voda 24 april 2017 16:50

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   Move to protect US steelmakers is against norms of world trade
   
   China Daily, after Mr Trump ordering investigation on steel improts, reported that what Mr Trump did not say is that the US manufacturing decline does not come from unfair competition from foreign producers, rather, it is a natural outcome of the country's high labor costs and domestic market-driven economic restructuring over the past decades.
   
   It is clear that national security is only an excuse to justify the real aim of blocking foreign products to benefit the domestic steel industry.
   
   Yet reducing imports of foreign steel products will not alter the weak competitiveness of US steelmakers. Instead, if the US does take protectionist measures, then other countries are likely to take justifiable retaliatory actions against US companies that have an advantage over those countries in fields such as finance and high-tech, leading to a tit-for-tat trade war that benefits no one.
   
   Trade is indispensible for healthy and sustainable global growth. When disputes arise, the involved parties should resort to the dispute settlement mechanism under the World Trade Organization. It may not be perfect for settling trade disputes, but it is the best mechanism there is to maintain order in the global trade system.
   
   By proposing an unjustified investigation into steel imports in the guise of safeguarding national security, the US seems to be resorting to unilateralism to solve bilateral and multilateral problems.
   
   Unfortunately, it will be hard for it to revitalize its steel industry and the move is only likely to arouse anger from its trade partners, contributing further instability to global trade and the world economy.
   
   Source : China Daily
7. voda 24 april 2017 16:51

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   JSW Steel plans to hike capacity to 45 million tonnes by 2030
   
   Press Trust of India reported that JSW Steel is planning to increase its manufacturing capacity to 40-45 million tonne by 2030 from the present 18 million tonnes. JSW Steel JMD and Group CFO Seshagiri Rao said “Today we have 18 mt installed capacity which is 15 per cent of the national steel manufacturing capacity of 128 mt. If the country builds 300 mt capacity by 2030, we would like to plan accordingly to maintain our 15 per cent share, which will be 40-45 mt.”
   
   He told “We have environmental clearances to increase the capacity at the Vijaynagar plant from 12 mt to 16 mt. At Dolvi, we have approvals to double the capacity to 10 mt. This means we have the approval to increase our capacity to 27 mt from the present 18 mt.”
   
   Claiming that his company has one of the lowest cost per tonne, he said “To set up a greenfield steel project today it costs INR 6,000-7,000 crore per million tonne. But we spend only almost half of this at INR 3,000-3,500 crore per mt. So, that is the kind of capex we will require to create an incremental 22 mt capacity.”
   
   Source : Press Trust of India
8. voda 24 april 2017 16:53

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   Tata Steel UK admits there is no guarantee of merger success
   
   Leader Live reported that there can be no guarantee that a proposed merger that could secure thousands of jobs at a steelworks will be completed. Reports surfaced earlier this week that a possible amalgamation between Tata Steel and German company Thyssenkrupp AG could fall through over a dispute about pensions.
   
   The Indian conglomerate, which has more than 700 employees at its Colorcoat and Building Systems UK site in Shotton, said it remained in “constructive discussions” with the European company over its respective businesses but “until a definitive agreement is reached there can be no assurances these discussions will result in a transaction”.
   
   In December Tata Steel struck a deal to create a more sustainable future for its UK business and protect jobs at the downstream site in Flintshire.
   
   The company announced that it was looking to offload its British assets in March.
   
   That sale was put on hold when Tata said it was looking into the possibility of a tie-up with a German company ThyssenKrupp but the company has now backed proposals for an investment plan of GBP 1 billion that will protect jobs at its UK sites. This included pumping around GBP 7 million of cash into Shotton.
   
   Members of the three unions that represent workers at plants all over the country, including Shotton, backed changes by around 3-1, giving the owners mandate to “move forward” following months of uncertainty.
   
   Despite reaching an agreement over a pensions plan, workers in Deeside feel there is more to be done to resolve issues at Tata and called on the company to “keep its promises”.
   
   According to the Guardian newspaper, the proposed merger is at risk because of complex negotiations around pensions and opposition from German trade unions.
   
   Germany’s largest trade union IG Metall confirmed it was opposed to the tie-up and described it as “high risk” amid fears it would lead to thousands of job losses and the closure of plants in Germany.
   
   It is also thought that Thyssenkrupp did not want to take on the burdens that come with the huge Tata UK pension scheme.
   
   In a statement a Tata Steel spokesman said that “We continue to be engaged in constructive discussions with Thyssenkrupp regarding a potential merger of the steel businesses of the respective companies in Europe. However, until a definitive agreement is reached, there can be no assurances these discussions will result in a transaction.”
   
   It added that “Meanwhile, Tata Steel UK continues to be deeply engaged with the pension scheme trustee, the trade unions and relevant regulatory and government bodies to identify the best prospects for the future sustainability of its UK operations and a fair and practical outcome for the members of the British Steel Pension Scheme.”
   
   Source : Leaderlive
9. voda 24 april 2017 16:53

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   US Commerce Secretary Ross says demand for steel will jump
   
   CNBC quoted Commerce Secretary Wilbur Ross as saying that President Donald Trump's plans for defense spending will require increased American steel production, while he called other steel-producing countries more "protectionist" than the US. Ms Ross said that "We now really have to defend ourselves, and we especially need to since the need for steel is already growing by the military before we have a major buildup.If the US ever gets into a major conflict, demand for steel would go way up."
   
   The commerce secretary, speaking to CNBC after a White House meeting with steel industry executives, called China, Japan and the European Union far more "protectionist" on these policies than the US
   
   The White House isn't contemplating ending its steel imports to the US, Ross clarified, as Trump launched a probe Thursday on foreign infrastructure production.
   
   Many leaders in the steel industry rallied behind President Trump's action to sign a directive, which asks for a speedy probe into whether imports of foreign-made steel are hurting US national security.
   
   Source : CNBC

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10. voda 24 april 2017 16:55

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    Few Malaysian steel players benefiting from safeguard duties for import of bars and rods
    
    The Star reported that a confluence of factors impacting the Malaysia steel sector could result in stronger earnings for some players while negatively impacting the outlook of others.
    
    First is iron ore prices, which have fallen by some 30% last month. This means steel producers that use iron ore as their key raw materials should directly benefit. Another new development in the sector is the decision by the Malaysian government to extend safeguard duties on several steel products by between 11.9% to 13.4% for three years.
    
    In the past five years, steel producers in many parts of the world have been reeling from the effects of cheap steel imports from countries like China.
    
    Malaysia is no different as some steel plants such as the country's largest hot rolled coil steel plant, Megasteel Sdn Bhd, has ceased operations last year. Two other major steel players, including Perwaja Steel, also shut down. This is largely due to their inability to compete with the cheap steel coming from China.
    
    After many years of discussions, the Malaysian government decided to impose safeguard duties for rod and bar steel products last year, and had recently announced that it will extend it for next three years. In the past five years, steel producers in many parts of the world have been reeling from the effects of cheap steel imports from countries like China. The duties were determined to be between 13.42% and 13.9% for the first year. They will subsequently decline to between 11.1% and 12.9% over the next two years.
    
    The steel manufacturers may have received renewed attention following the definitive safeguard duties for the import of bars and rods.
    
    Among them are Ann Joo Resources Bhd, Malaysia Steel Works (KL) Bhd, Leader Steel Holdings Bhd and Southern Steel Bhd.
    
    Analysts said that that currently, Malaysian steel products for bars and rods have lower selling prices than China, without the safeguard duty.
    
    A market observer said that "The local steel players are very competitive among themselves. The current capacity could support the current local demand.”
    
    Maybank IB Research estimates that the average selling prices (ASPs) of bars in China are 10%-16% higher than that of Malaysia, about RM2.100 and RM2.250 per tonne before including import and safeguard duties. It said in a report that "Despite the higher steel production in China, the higher ASPs there signify strong domestic demand in China, underpinned by the government-led infrastructure spending.”
    
    It notes that the imports of bars and rods into Malaysia have fallen significantly by 31 % in January 2017 from a year ago.
    
    An industry player reckons that the Malaysian government's safeguard measures will help to buffer local players should there be a huge slump in steel prices following a drop in iron ore prices. He said that "Should there be influx of steel following a plunge in iron ore prices, the impact from the safeguards could be reduced.” He points out that the decline in the price of iron ore was because China has cut its steel production.
    
    An executive also said that "China is looking to cut another 60-80 million tonnes in capacity in the next five years but their domestic demand is growing, hence we would not see huge decline in global steel prices.”
    
    Source : The Star

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11. voda 24 april 2017 16:57

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    Demand for steel rebars in UAE to surge by 10% - Magnet
    
    Gulf Today quoted Members of ‘Magnet’, a UAE based platform to discuss and disseminate insights on the steel industry as saying that steel consumption of the UAE market in 2017 is set to increase by 10% as compared to 2016, while the domestic production capacity to address these volumes is already in place.
    
    Key industry stakeholders including Emirates Steel Industries, Conares, Hamriyah Steel and Union Iron & Steel participated in the ‘Magnet’ session held recently in Dubai for the rebar producers. The session covered discussions based on the current steel market outlook, which is very stable in terms of demand and supply. The rise in the number of infrastructure-development projects since the beginning of this year is in line with the strong recovery of economic growth in the UAE.
    
    The market is promising in the next couple of years as we foresee a good demand for our products for the ongoing projects in the UAE, especially the projects related to infra-development to host the World Expo 2020 in Dubai and other announced projects in the region.
    
    Hosting the ‘Magnet’, Mr Bharat Bhatia CEO of Conares, the second largest private steel manufacturer in the UAE, said the outcome of the session was very fruitful. All the participating local steel producers were open and transparent on the approach for a strategy to support the ongoing demand of rebars. The Magnet helps to keep the steel market efficient in the UAE, in order to meet the domestic and regional demands, balancing the supply and demand equation.
    
    He added that “The steel industry trends, taking shape this year moving towards the Expo 2020, remain positive with anticipated offtake to increase by the last quarter of this year. Starting from the first quarter of 2018, the demand is foreseen to accelerate by 10 per cent and may reach up to 360,000 per month to support the speed of construction activities.”
    
    Dr Ramzi Al Halasa, Advisor & Board Director of Hamriyah Steel in Sharjah, said that the market is positive at the moment. He added that “With the current consumption of steel rebars in the UAE, we at Hamriyah Steel, provide 50 to 60,000 tonnes per month. The market is stable in line with the projects coming up to host the Expo 2020. Our vision is to drive the market beyond 2020, targeting projects to support the UAE Economic Vision 2030.”
    
    Mr Juma Al Mansouri VP Sales at Emirates Steel Industry, a subsidiary of Senaat, said that “The UAE steel mills are capable to cater to the UAE’s current consumption of 3.5 to 3.6 million tonnes of steel. However, a temporary effect will be seen on the market during the summer and Ramadan due to the slower construction activities during that time of the year. The OPEC’s decision to cut oil production in November 2016 improved oil prices, encouraging the regional governments to increase expenditure on infra-development projects.”
    
    Mr Omar Al Mashour GM Union Iron & Steel Company in Abu Dhabi, said that “We are now receiving sufficient support from the Government to protect the local steel manufacturing sector. We are optimistic for the next couple of years with the projects in Dubai, and Abu Dhabi is following the path with mega projects and major infrastructures.
    
    Source : Gulf Today

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12. voda 24 april 2017 16:59

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    US Steel releases statement following President Trump directing admin to investigate company
    
    US Steel CEO Mario Longhi said that "They're dumping vast amounts of steel in our country and they're really hurting not only our country, but our companies. Their targeting of American industry and other foreign strategies are designed to undermine American industry as a whole.”
    
    Trump is directing the administration to investigate whether steel imports are jeopardizing U.S. national security. A 1960s trade law gives the president authority to restrict imports if they are determined to be harmful to US security interests.
    
    American-made steel once accounted for roughly 20% of global production, but had slipped to less than five percent by 2015.
    
    Source : WBRC
13. voda 24 april 2017 17:00

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    TimkenSteel CEO attends Trump signing of steel dumping memo
    
    Inde Online.com reported Mr Tim Timken chairman, chief executive officer and president of TimkenSteel Inc attended the signing by US president, along with Ryan Stenger, the company’s vice president of government relations. Leo W Gerard, president of the United Steelworkers International, also attended. He said that “Our problem today is that no matter how smart our engineers, no matter how skilled our operators, no matter how efficient our operations, we can’t win when others are engaged in unfair trade practices.”
    
    In a statement issued after the event, Timken called Trump’s announcement good news for the steel industry. There is an over capacity in steel production world wide and the situation is prompting companies to sell steel under market value and lower, subsidized prices make it harder for US steel companies to compete, he said.
    
    Timken said that “Our problem today is that no matter how smart our engineers, no matter how skilled our operators, no matter how efficient our operations, we can’t win when others are engaged in unfair trade practices.”
    
    Mr Gerard said the American steel companies have been been undercut by trading partners who steal market share. He said that “It’s about time that action like this was initiated. Our trade laws are fundamentally broken and workers bear the brunt of the impact.”
    
    Source : Indeonline.com

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14. voda 24 april 2017 17:01

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    Beijing introduces prefab residential buildings
    
    China.org reported that Beijing is now building its first project of prefab steel structure residential buildings in its western Shijingshan District. The building project, designed and contracted by Shougang Group, a state-owned construction company, boasts a short construction cycle, energy conservation, environmental protection as well as earthquake resistance.
    
    Mr Su Baozhen deputy manager at Beijing Shougang Construction Group said that “It saves time and labor, and environmental friendly at the same time.”
    
    By avoiding time-consuming labor as in traditional concrete structures, the new steel homes are easily constructed by combining all the prefabricated building blocks together. It can save 30 percent of the total construction time and 60 percent of the labor force, said Qi Weizhong, vice director of the project’s working group.
    
    Source : China.org

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15. voda 24 april 2017 17:03

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    Mr John Brett CEO of ArcelorMittal USA praises Trump call for China trade probe
    
    Philly.com eported that Mr John Brett president and CEO of ArcelorMittal USA is among the US based steel-industry executives who went to the White House to cheer President Trump's call for what Brett called "a national security investigation" by the government "to determine whether steel imports threaten our national security."
    
    Brett said in his statement that "The global steel market is in crisis because of China’s excess steel capacity, and we welcome the Administration’s efforts to aggressively address this problem.”
    
    ArcelorMittal employs 770 at the former Lukens Steel plant in Coatesville and 287 at the former Alan Wood Steel plant in Conshohocken, among its other US plants. The two suburban Philadelphia plants make plate steel for the US military.
    
    Besides supplying war materials for use in expensive military gear "from nuclear submarines and aircraft carriers to missiles and tanks,” ArcelorMittal's U.S. plants also supply pipe and bridge steel "critical to our economic and national security," according to Brett.
    
    Source : Philly.com

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16. voda 24 april 2017 17:06

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    Only the best in steel sector will survive – Ms Aruna Sharma Steel Secretary
    
    In a chat with ET NOW, A run a Sharma, Steel Secretary that only the best in steel sector will survive, others will have to wind up.
    
    Q - India is close to acquiring the second spot in terms of steel production. What is it that can we expect from the government?
    
    A - As far as number two spot is to be clinched, our capacity today is 126 million tonnes and we are manufacturing at 80% of the capacity. So in the financial year 17-18, we are expecting to be running to the full capacity of 126 million tonne as well as the new investments are coming. The steps taken by the government in the financial year 16-17 with the ICU kind of arrangement by anti-dumping and then coming up with the policy of bringing down the input cost and enhancing the domestic consumption.
    
    Q - One of the key focus is to increase steel capacity and the increasing raw material availability as well which has been sore point for many producers. How is it that at the ministry you are planning to tackle this?
    
    A - There is no sore point on the material any longer because coking coal is imported and already the coking coal whatever little mines we have in the country has been put on auction by the coal ministry. Iron ore has been available but pricing of iron ore fluctuating on and off has been an issue and that ministry is having a look into it and the power is expensive in this country. The credit which has been an NPA of 26% what you had been discussing before, that already has reached a stage where the bankers and the main producers who had an issue of NPA has had their round of discussions and we are hopeful that the oversight committee of RBI will be sort of resolving it and putting the last stamp on it very soon.
    
    Q - The concerning point, however, in the industry is not really supply but demand because FY17 as we understand according to our channel checks are very meagre steel consumption growth. How is it that you are tackling this issue?
    
    A - You are absolutely right. From 50 kg per capita to 60 kg per capita, we took seven years and that is a very bad state of affairs. But what is good sign is that the last year it has been 5% growth of rate on the domestic consumption. Now the GFR amendment which has come in last month, it has made that it is important at the designing level to analyse the life cycle cost and the moment it is done, steel is a winner. When we are talking of infrastructure by the government or government agencies which includes all PSUs, it will be a mandatory for them to put into this life cycle cost. And once that starts happening, the demand of steel is going to trigger out. Second thing that is in the offing is the protectionist measure for steel made in India, so that will give a boost for an expansion plan for production of steel in this country because our USP is high quality iron ore and we are also in the growth trajectory of infrastructure development. So definitely there is a scenario with these two policies being in place, I think there will be a huge spurge in the demand of the steel and a combination of primary and the secondary sector together to make ready to put in your building designs, your bridge designs, your cement usages being strengthen with the steel and the precast which will also enhanced the quality measures and offset the trigger to the cement industry as well, that is where the future lies in this country.
    
    Q - When will we see the national steel policy see the light of the day?
    
    A - It is already being listed in the cabinet. Now whichever date it comes through, it should be through.
    
    Q - Also we have seen a huge jump in steel exports - a) does it seem like it is sustainable because far east China which is the dominant most producer of 50% of the global steel demand, that is now curbing its production as well and we have already seen what it has done to steel prices globally?
    
    A - You are absolutely right and the measures which we took in antidumping combined with the BIS that is Bureau of Indian Standards will completely prevent bad quality steel or dumped steel being undercut in prices coming to India and that has been the re ason 16-17 showed a very good result in the steel sector and the confidence of the steel producers have gone up. Having said that, as far as this China cutting down its production capacity, what they have closed down is their inefficient capacities which is the right way of doing for any industry. And their own consumption levels are also going up. They export only 10% of their production capacity which is not small. It goes to 100 million tonnes and that is their export. Our exports are sustainable because what we are exporting is a niche products or something which they will be coming out for which they will get a good price and Indian steel industry not only in India, the futuristic markets are going to be South Asia which is again on infrastructure growth, Africa which will again be the next phase of infrastructure growth so the demand in the universe is going to go up. It is only that how effectively we are able to capture that market. Second, we have to be absolutely ruthless in our quality and our cost of production has to efficient.
    
    Q - Experts say that consolidation is the way to go. We understand that the ministry itself is pushing for consolidation, what is your take?
    
    A - Consolidation, I am not very clear what do you mean by consolidation. There is a space for everybody. The secondary steel sector as secondary steel sector are 11 clusters. So within the cluster, they can have their USPs and consolidate. As far as the big players are concerned including PSU and private sector, each of them only the best and efficient will survive, others will have to wind up their shops. They have to tighten their belts. There is no two opinions about it. The government policies have given them a platform to move ahead with it and that is the way to go forward.
    
    Source : Economic Times

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17. voda 24 april 2017 17:08

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    NASA develops 3D-printed metal fabrics for use in space
    
    Indian Express reported that NASA scientists have developed 3D-printed metal fabrics that could be used for astronaut spacesuits or as shields and insulation for spacecraft. The foldable fabric which can change shape quickly could be useful for large antennas and other deployable devices as well. Another potential use might be for an icy moon like Jupiter’s Europa, where these fabrics could insulate the spacecraft, researchers said.At the same time, this flexible material could fold over uneven terrain, creating “feet” that would not melt the ice under them.
    
    The prototypes look like chain mail, with small silver squares strung together. These fabrics were not sewn by hand; instead, they were made using a technique called additive manufacturing, otherwise known as 3D printing. Unlike traditional manufacturing techniques, in which parts are welded together, additive manufacturing deposits material in layers to build up the desired object. This reduces the cost and increases the ability to create unique materials.
    
    Mr Raul Polit-Casillas from NASA.Fabricating spacecraft designs said that “We call it ‘4D printing’ because we can print both the geometry and the function of these materials.”
    
    Mr Andrew Shapiro-Scharlotta of NASA’s Jet Propulsion Laboratory said that multiple functions to a material at different stages of development could make the whole process cheaper. It could also open the door to new designs.
    
    The space fabrics have four essential functions: reflectivity, passive heat management, foldability and tensile strength. One side of the fabric reflects light, while the other absorbs it, acting as a means of thermal control. It can fold in many different ways and adapt to shapes while still being able to sustain the force of pulling on it.The team not only wants to try out these fabrics in space someday, they want to be able to manufacture them in space, too.
    
    In future, astronauts might be able to print materials as they need – and even recycle old materials, breaking them down and reusing them, said Polit-Casillas. Conservation is critical when you are trapped in space with just the resources you take with you, he said.
    
    Source : Indian Express

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18. voda 24 april 2017 17:14

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    Q1 Production Report - Vale
    
    The Northern System, which comprises Carajás, Serra Leste and S11D, achieved a record for a first quarter Vale reached a record for a first quarter of 86.2 Mt of iron ore production in the first quarter of 2017 (1Q17), 11.2% higher than in 1Q16 mainly due to the ramp-up of the S11D and Itabiritos projects in the Southeastern System.
    
    The Northern System, which comprises Carajás, Serra Leste and S11D, achieved a record for a first quarter of 36.0 Mt in 1Q17, 11.1% higher than in 1Q16 as a result of the S11D ramp-up, which is advancing according to plan.
    
    Blended volumes in Asia totaled 12.4 Mt in 1Q17, 10.3 Mt and 6.5 Mt higher than in 1Q15 and 1Q16, respectively, as a result of the ongoing strategy to bring more flexibility to the integrated supply chain by increasing offshore blending capacity, enabling rapid responses to changes in market conditions. The ongoing offshore blending activities require the build-up of offshore inventories and, as a result, temporarily leads to lower sales volumes when compared to shipment volumes from Brazil.
    
    Nickel production reached 71.4 kt in 1Q17, 14.0% and 2.9% lower than in 4Q16 and 1Q16, respectively, mainly due planned maintenance shutdowns at our operations in Indonesia and Japan, and operational challenges at our Thompson operations.
    
    Production of finished nickel products from VNC reached the record of 10,200 t in 1Q17, 14.7% higher than 4Q16 and 6.0% higher than 1Q16.
    
    Copper production was 109,000 t in 1Q17, 11.0% and 2.6% lower than in 4Q16 and 1Q16, respectively, mainly due to the lower production from Sudbury. Production of copper in concentrate at Salobo in 1Q17 totaled a record 42,600 t for a first quarter, 3.6% higher than in 1Q16.
    
    Coal production in Mozambique reached a quarterly record of 2.4 Mt in 1Q17, 170.4% and 53.7% higher than in 1Q16 and 4Q16, respectively, mainly as a result of the continued and strong ramp-up of the second Coal Handling and Preparation Plant (CHPP2). CHPP2 production grew by 86% in 1Q17 compared to 4Q16.
    
    Source : Strategic Research Institute
19. voda 24 april 2017 17:15

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    Price band for iron ore soon to curb volatility - Minister
    
    IANS reported that central government said it will soon announce a pricing mechanism for iron ore that would set a price band within which the mineral price would be allowed to fluctuate. Minister of Steel Chaudhary Birendra Singh told BTVi in an interview that “We have set up a committee on iron ore pricing, which will present its report in the next 15 to 20 days, at the most in a month’s time. Thereafter, we’ll fix certain benchmark pricing, so that there are no fluctuations.”
    
    He added that “If there is a benchmark, then variations up to 10-12 per cent is alright… but 30 to 40% fluctuation is too much volatility.”
    
    The government does not want high volatility in the iron ore market and wants the mineral prices to be as competitive as possible for steel companies.
    
    In a separate interview with the channel, Steel Secretary Ms Aruna Sharma said that “State-run iron ore miner National Mineral Development Corporation Ltd (NDMC Ltd) needs to keep in mind the interest of its private steel making consumers while deciding on pricing. Our strength is our iron ore deposits, but we also have to look at the pricing process. It can’t be so expensive that steel making itself becomes non-competitive.”
    
    She said that “We have to look holistically at the complete value chain. Profits, yes… but no profiteering.” She added that “The NMDC has to come to a discipline and a system. Being a big player, their pricing will hit private players.”
    
    Source : IANS

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20. [verwijderd] 24 april 2017 18:22

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    quote:

    voda schreef op 24 april 2017 16:57:

    Demand for steel rebars in UAE to surge by 10% - Magnet
    
    Source : Gulf Today
    

    AB, Voda voor al de nieuwsberichten.
    
    Success,
    
    Ozzy