irp 25 november 2013 22:14 auteur info irp Lid sinds: 30 mrt 2001 Laatste bezoek: 02 sep 2022 Aanbevelingen Ontvangen: 12 Gegeven: 7 Aantal posts: 71 Moody´s ziet verbeteringen Europese staalsector - Market TalkAMSTERDAM (Dow Jones)--Moody´s Corp ziet de komende 12-18 maanden \"fundamentele verbeteringen\" binnen de Europese staalindustrie, waardoor de outlook voor de sector stabiel wordt. Sinds oktober 2011 zag Moody´s negatieve vooruitzichten voor de staalindustrie in Europa. De voornaamste reden voor de opwaartse bijstelling is het lichte economische herstel in de regio waarvan de sector kan profiteren, hoewel de kredietbeoordelaar benadrukt dat de groei in de eurozone fragiel blijft. Moody´s verwacht dat de economie in de eurozone in 2014 groeit met een percentage van tussen de 0,5%-1,5%. Voor dit jaar schat het ratingbureau in dat de economie van de muntunie tot maximaal 1% krimpt, maar in het gunstigste geval op een nulgroei uitkomt. Verder ziet Moody´s tekenen dat de afname van de economische activiteit in perifere landen zijn bodem heeft bereikt. Over de Europese staalindustrie zegt Moody´s: \"voor volgend jaar verwachten we een verbetering binnen de eindgebruikersectoren, met stabiliserende volumes op lage niveaus binnen de bouwmaterialenindustrie en een kleine stijging van de verkoop van lichte voertuigen in Europa die op hun beurt weer zorgen voor een impuls voor een groei van de vraag naar staal.\" Men verwacht dat de schijnbare vraag naar staal, een goede indicator voor de vraag van eindgebruikers in de EU in 2014 maximaal 1-2% zal toenemen, terwijl voor dit jaar een daling van 1-2% wordt voorzien. Wel blijft de bezettingsgraad zowel dit als volgend jaar waarschijnlijk op het huidige niveau van tussen de 75%-77%, onder het gemiddelde voor de wereldwijde sector van 79%. De gemiddelde winstgevendheid binnen de sector schat Moody´s voor 2014 stabiel of licht hoger in ten opzichte van dit jaar. (MMG)Dow Jones Nieuwsdienst: +31-20-5715200; amsterdam@dowjones.com(END) Dow Jones NewswiresNovember 20, 2013 04:19 ET (09:19 GMT) Aanbevelingen 1 ” Quote Reageren Niet oké
[verwijderd] 25 november 2013 23:40 auteur info [verwijderd] Lid sinds: 01 jan 0001 Laatste bezoek: 01 jan 0001 Aanbevelingen Ontvangen: 0 Gegeven: 0 Aantal posts: 0 www.northlandsnewscenter.com/home/Arc...ArcelorMittal to produce steel for the new Vikings StadiumNovember 25, 2013Updated Nov 25, 2013 at 1:21 PM CSTMinneapolis, MN (NNCNOW.com) --- The Minnesota Sports Facilities Authority announced that ArcelorMittal will provide some of the steel needed for the new Minnesota Multi-Purpose Stadium.ArcelorMittal in Luxembourg will produce 3,600 of the 18,000 tons of steel required for the construction of the stadium. The steel that ArcelorMittal will provide is required to be grade 65, however there are no steel manufacturing plants in the United States that make that grade, which is why the Facilities Authority has to buy it from Europe.Click here to subscribe to our daily newsletter.Grade 65 steel is being used for the main truss that will be used for an extremely long span of the roof.The remaining 14,400 tons needed for construction, which will be grade 50 steel, will be manufactured and purchased in the United States.ArcelorMittlal owns and operates facilities on the Iron Range in Minnesota – the ArcelorMittal Minorca Mines and the Hibbing Taconite Mines.Groundbreaking for the new stadium is scheduled for December 3, 2013, which is expected to be completed in time for the 2016 Minnesota Vikings season.Posted to the web by Krista Burnskburns@kbjr.com Aanbevelingen 0 ” Quote Reageren Niet oké
Candelll 26 november 2013 13:38 auteur info Candelll Lid sinds: 07 sep 2006 Laatste bezoek: 28 apr 2024 Aanbevelingen Ontvangen: 1160 Gegeven: 28 Aantal posts: 6.394 sommige artikels blazen worm/koudNovember 26, 2013, 5:46 a.m. ET. German Steel Industry Group 'Cautiously Optimistic' for 2014By Hendrik Varnholt and Jan Hromadko Germany's steel industry association said Tuesday it expects European steel demand will pick up into next year, adding that the crude steel output in Germany should rise by just under 2% in 2014. The industry group known as Wirtschaftsvereinigung Stahl said that it is "cautiously optimistic" the recent upswing in steel demand will lead to a "moderate recovery" of the steel economy next year. It added that crude steel output in Germany is expected to rise to around 43 million metric tons from the 42.2 million tons it estimates for this year. Steelmakers across Europe are suffering under the continent's protracted economic weakness that has hit steel demand and prices. The industry group's president, Hans Juergen Kerkhoff, said that steel demand appears to be bottoming out. He warned, however, that the recovery remains fragile, adding that steelmakers in Germany remain under pressure to bring down costs. Write to Hendrik Varnholt at hendrik.varnholt@wsj.com and Jan Hromadko at jan.hromadko@wsj.com Aanbevelingen 0 ” Quote Reageren Niet oké
voda 26 november 2013 16:48 auteur info voda Lid sinds: 02 dec 2005 Laatste bezoek: 27 apr 2024 Aanbevelingen Ontvangen: 82131 Gegeven: 20920 Aantal posts: 364.669 Iranian Nuclear deal will kick start steel demand and price revivalWeek 48 began with a bang with Iran and US striking a Nuclear Deal in Geneva bringing to end protracted deadlock. End of economic sanctions and easing of payment restrictions will certainly kick start hectic commercial activity with Iran. Iran is a major consumer of billet and flat products (HRC, CRC and Galvanized) and payment bottlenecks created by the financial sanctions at the behest of US had led to drop of import. Major reason for the sluggish market sentiments in Black Sea and Turkish export material will be erased. One of a major fall out of deal would be release of USD 4 billion from frozen accounts and drop oil price with supplies from Iran resuming in full swing. Oil prices are likely to head downwards due to the deal which will help India economy in its battle against the runaway current account deficit (CAD) and inflation. It will certainly lead to roll back on lending rates thereby releasing the credit to market culminating in pick-up in demand. Source – Strategic Research Institute Aanbevelingen 0 ” Quote Reageren Niet oké
voda 26 november 2013 16:49 auteur info voda Lid sinds: 02 dec 2005 Laatste bezoek: 27 apr 2024 Aanbevelingen Ontvangen: 82131 Gegeven: 20920 Aantal posts: 364.669 Chinese rebar advances as China Hebei demolishes old steel furnacesBloomberg reported that steel reinforcement-bar futures in Shanghai advanced as the government in Hebei province began demolishing old steel blast furnaces. Rebar for May delivery, the most-active contract by volume on the Shanghai Futures Exchange, rose as much as 0.8 percent to 3,642 yuan ($598) a metric ton and traded at 3,630 yuan at 10:49 a.m., local time. The government in the northern province, China’s biggest steel producing area, will reduce its annual steel output capacity by at least 10 million metric tons through a program to destroy furnaces that started yesterday, state-owned China National Radio reported. The provincial government said September it planned to cut capacity by 60 million tons by 2017 to tackle air pollution. Mr Wang Yongliang an analyst at Beijing CIFCO Futures Co in Tianjin said that“We are seeing some support from the curbs in Hebei.” Rebar inventory tracked by Shanghai Steelhome Information Technology Co. dropped to 5.24 million tons last week, the lowest since January 2011. China is the world’s biggest consumer and producer of steel. Iron ore for May delivery on the Dalian Commodity Exchange rose 0.3% to CNY 934 a tonne. The steel-making material for immediate delivery at Tianjin port tracked by The Steel Index gained 0.2% to USD 136.5 a dry tonne on November 22. Source – Bloomberg Aanbevelingen 0 ” Quote Reageren Niet oké
voda 26 november 2013 16:50 auteur info voda Lid sinds: 02 dec 2005 Laatste bezoek: 27 apr 2024 Aanbevelingen Ontvangen: 82131 Gegeven: 20920 Aantal posts: 364.669 Spot iron ore seen supported by light Chinese winter buyingReuters reported that spot iron ore prices are likely to stay between USD 135 and USD 137 per tonne for a fourth week supported by Chinese mills replenishing winter stockpiles although ample supplies could cap gains. Slow steel demand in top consumer China has trapped iron ore prices in narrow ranges this month with producers not aggressively building stockpiles as the weather gets colder. A Shanghai based iron ore trader said that "There's still some demand although in previous years buying was much stronger around this time. Some of the mills we've spoken to only have inventory for about two weeks and that's quite short, so we expect them to replenish." According to data provider Steel Index, Benchmark 62% grade iron ore .IO62-CNI=SI gained 0.1% to USD 136.50 per tonne. Australia and New Zealand Banking Group said that "Restocking activity is driving the current strength but with high levels of inventory at port and light demand from the construction sector in China, we expect prices to edge lower towards year end. Since the start of November, iron ore has peaked at USD 137.10 from a low of USD 135.30.” The Shanghai trader said that we are not in a hurry to take cargo because profit margin is too small to justify any risk in holding cargo at this point. Global miner Rio Tinto sold a cargo of 61.4% grade iron ore via tender on Friday at USD 135.50 per tonne up from USD 134.90 earlier in the week. Chinese mills tend to rely more on imported iron ore during winter when domestic production slows down, but lean steel demand has curbed that appetite. The most traded rebar contract for May delivery on the Shanghai Futures Exchange was little changed at CNY 3,629 per tonne by midday on Monday. Rebar, a construction steel product is down slightly for the month, after falling more than 5% in September and October. Source – Reuters Aanbevelingen 0 ” Quote Reageren Niet oké
voda 26 november 2013 16:51 auteur info voda Lid sinds: 02 dec 2005 Laatste bezoek: 27 apr 2024 Aanbevelingen Ontvangen: 82131 Gegeven: 20920 Aantal posts: 364.669 ArcelorMittal Kryvyi receives coke import license for 90000 tonne from PolandArcelorMittal Kryvyi Rih, Ukrainian subsidiary of global steel giant ArcelorMittal, said that on November 20th it received a license for the import of 90,000 metric tonne of coke issued by the Ministry of Economic Development and Trade of Ukraine, which will allow it to import the coke it needs from abroad up to the end of the current year. Currently, the company is 45% self-sufficient in its coke supply requirements. It purchases another 35% from other Ukrainian coke producers, while it imports the remaining 20% from ArcelorMittal Poland enterprises. The 90,000 metric tonne quota will allow ArcelorMittal Kryvyi Rih to continue to import coke from the enterprises of ArcelorMittal Poland up to the end of the current year. On October 30 2013, Ukraine's Cabinet of Ministers approved a decree to increase the country's coke import quota for 2013 from 210,000 metric tonne to 300,000 metric tonne. The country's total coke import quota in 2013 has been allotted to ArcelorMittal Kryvyi Rih. Source - Source - Visit www.steelorbis.com for more Aanbevelingen 0 ” Quote Reageren Niet oké
voda 26 november 2013 16:56 auteur info voda Lid sinds: 02 dec 2005 Laatste bezoek: 27 apr 2024 Aanbevelingen Ontvangen: 82131 Gegeven: 20920 Aantal posts: 364.669 Charter Pacific logs interest for iron ore project from European steel millCharter Pacific has provided ore samples from its Kaoua El Khadra iron ore project in Mauritania to an European steel mill as part of a due diligence process for potential participation in its development. This is in addition to the ongoing discussions it has with steel manufacturers in India and investors in Asia with regard to entering into a strategic partnership. Kaoua El Khadra has an Exploration Target of 4.4 billion tonnes of iron ore with Davis Tube Recovery tests showing concentrate grades up to 69.76% iron and mass recoveries of up to 43.7%. In addition, Sphere Minerals’ recent definition of 710 million tonne Inferred Resource grading 36% iron at its Tintekrate magnetite deposit has highlighted Mauritania’s growing significance as an iron ore province. Mr Brian Sprod chairman of Charter Pacific will retire following completion of the company’s annual general meeting on November 28th 2013. Mr Sprod is a founding director of the company and its inaugural chairman. During the 25 years with he has been with the company, he has provided enormous enthusiasm and commitment as well as keen stewardship to maintain focus on the direction of the company. He has also overcome hurdles and resolved sometimes difficult structural and strategic issues during volatile and demanding economic circumstances. Source - Proactive Investors Aanbevelingen 0 ” Quote Reageren Niet oké
Candelll 26 november 2013 21:11 auteur info Candelll Lid sinds: 07 sep 2006 Laatste bezoek: 28 apr 2024 Aanbevelingen Ontvangen: 1160 Gegeven: 28 Aantal posts: 6.394 de kogel is door de kerkThyssenKrupp to sell U.S. plant for $1.97 billion: report (Reuters) - ThyssenKrupp (TKAG.DE) will sell its U.S. steel plant to a consortium of ArcelorMittal (ISPA.AS) and Nippon Steel & Sumitomo Metal (5401.T) in a deal worth 200 billion yen ($1.97 billion), Japan's Nikkei newspaper reported in its online edition on Tuesday, without citing sources.It added that the two buyers would split the purchase cost evenly and would announce details in early December.Three people familiar with the matter told Reuters last week that Germany's ThyssenKrupp was in exclusive talks to sell the plant to ArcelorMittal and Nippon Steel, the world's two biggest steelmakers. Aanbevelingen 0 ” Quote Reageren Niet oké
voda 26 november 2013 21:23 auteur info voda Lid sinds: 02 dec 2005 Laatste bezoek: 27 apr 2024 Aanbevelingen Ontvangen: 82131 Gegeven: 20920 Aantal posts: 364.669 AAiiii, iedereen heeft dit gemist! :-(ArcelorMittal's corporate website wins investor relations award for second year running ArcelorMittal's corporate website, corporate.arcelormittal.com, has won first prize at the Investor Relations Society’s Best Practice Awards 2013, for the second consecutive year. ArcelorMittal’s website won the ‘best corporate website – international’ category, beating companies including the world’s largest chemical company, BASF, Gazprom Neft oil and gas company and engineering and construction company Subsea 7. "Our corporate website was once again chosen as the best presented website in the international category," said global head of internal communications, Ewa Gebala. "This is already our third award, and it is another great recognition for the company and for the whole team that worked on the project. The design and some features of the corporate website have been replicated in the local and segment ArcelorMittal websites, which is an excellent example of how one project can bring value to the entire business." Commenting on the award, the judges said: “ArcelorMittal has again emerged as the best presented website for the international category. Clarity and simplicity aid navigation around the business and new features add to the user experience” The award recognises the websites of companies in four categories: international, small cap and AIM, FTSE 250 and FTSE 100. Key criteria include company details, financial information, news, shareholder information and corporate governance. The winning website should offer “a truly engaging user experience with clear messaging, easy access to key information, and a very transparent and simple structure”. The annual awards, which are hosted in London, recognise best practice in investor relations in both online and offline communications. ArcelorMittal's corporate website was re-launched in February 2012 and has since won several awards including a gold award at the Stevie 2012 International Business Awards.corporate.arcelormittal.com/news-and-... Aanbevelingen 0 ” Quote Reageren Niet oké
Candelll 26 november 2013 21:23 auteur info Candelll Lid sinds: 07 sep 2006 Laatste bezoek: 28 apr 2024 Aanbevelingen Ontvangen: 1160 Gegeven: 28 Aantal posts: 6.394 Latin American steel exports to the US reach 617Kt in OctoberBy Business News Americas staff reporter - Tuesday, November 26, 2013Latin America exported 617,123t steel to the US in October - up 35.3% from 456,031t in the same month last year, according to figures from the US Census Bureau.The bulk of the growth was from Brazil, which saw a 56.4% rise to 368,977t, representing 59.8% of the region's total, and up from 235,937t in October 2012.Mexico's steel exports to the US also rose from 201,532t to 217,410t, a 7.9% increase.By value, the region's steel exports to the US in October were worth US$438.1mn, an 18.2% increase from US$370.7mn in the year-ago period.The value of Brazil's exports was up 24.1% at US$193.9mn (Oct 2012 US$156.3mn), while in Mexico the figure was up 7.6% at US$194.1mn, from US$180.3mn.Argentina's exports were up from 12,095t to 26,469t, worth US$45.5mn, while Colombia's exports dropped from 2,230t to 347t, worth US$458,000.Chile exported 14t in the month, compared to zero in the year ago period, while exports from other South and Central American countries fell to 3,906t, worth US$4mn, from 4,237t.Brazil was the world's second biggest steel exporter to the US by volume in October, behind Canada, with Mexico fifth behind Korea and Russia.Global exports to the US totaled 2.8Mt, worth US$2.6bn, compared to 2.5Mt worth US$2.3bn in September, reflecting increases in blooms, billets and slabs, and oil country goods, and decreases in hot rolled sheet and reinforcing bars. Aanbevelingen 0 ” Quote Reageren Niet oké
Candelll 26 november 2013 21:27 auteur info Candelll Lid sinds: 07 sep 2006 Laatste bezoek: 28 apr 2024 Aanbevelingen Ontvangen: 1160 Gegeven: 28 Aantal posts: 6.394 no way heb ik niet gemist:)thyssen deal , kost hun geld, benieuwd hoe ze dit gaan boeken.Vandaag nog een artikel gelezen dat drank goed voor de gezondheid is, alleen drink ik meer als 2 dagen per dag.www.hln.be/hln/nl/33/Fit-Gezond/artic... Aanbevelingen 0 ” Quote Reageren Niet oké
voda 26 november 2013 21:33 auteur info voda Lid sinds: 02 dec 2005 Laatste bezoek: 27 apr 2024 Aanbevelingen Ontvangen: 82131 Gegeven: 20920 Aantal posts: 364.669 quote:candelll schreef op 26 november 2013 21:27:no way heb ik niet gemist:)...Gein C. Je gaat mij niet proberen te overtroeven? :) Aanbevelingen 0 ” Quote Reageren Niet oké
Candelll 26 november 2013 21:36 auteur info Candelll Lid sinds: 07 sep 2006 Laatste bezoek: 28 apr 2024 Aanbevelingen Ontvangen: 1160 Gegeven: 28 Aantal posts: 6.394 drink jij dan ook meer dan 2 glazen per dag;)nee, nee, je bent goe bezig met u postings,thx Aanbevelingen 0 ” Quote Reageren Niet oké
voda 26 november 2013 22:31 auteur info voda Lid sinds: 02 dec 2005 Laatste bezoek: 27 apr 2024 Aanbevelingen Ontvangen: 82131 Gegeven: 20920 Aantal posts: 364.669 quote:candelll schreef op 26 november 2013 21:36:drink jij dan ook meer dan 2 glazen per dag;)nee, nee, je bent goe bezig met u postings,thxMoest trouwens ook een reboot doen. Raar, heel erg raar. Aanbevelingen 0 ” Quote Reageren Niet oké
voda 27 november 2013 16:38 auteur info voda Lid sinds: 02 dec 2005 Laatste bezoek: 27 apr 2024 Aanbevelingen Ontvangen: 82131 Gegeven: 20920 Aantal posts: 364.669 ThyssenKrupp US plant sold for USD 1.97 billion - ReportJapan's Nikkei newspaper reported in its online edition on Tuesday, without citing sources, that ThyssenKrupp will sell its US steel plant to a consortium of ArcelorMittal and Nippon Steel & Sumitomo Metal in a deal worth USAD 1.97 billion It added that the two buyers would split the purchase cost evenly and would announce details in early December. Three people familiar with the matter told Reuters last week that Germany's ThyssenKrupp was in exclusive talks to sell the plant to ArcelorMittal and Nippon Steel, the world's two biggest steelmakers. One of the sources said at the time the bidders were likely to pay USD 1.5 billion. A Thyssen spokesman declined to comment, pointing only to the group's November 19 statement that it was in exclusive negotiations on the potential sale of the U.S. steel plant in Calvert, Alabama. ArcelorMittal referred to a statement on November 7, in which the group said it was interested in the plant, but gave no further comment. Nippon Steel was not immediately available for comment outside regular business hours. Source – Reuters Aanbevelingen 0 ” Quote Reageren Niet oké
voda 27 november 2013 16:40 auteur info voda Lid sinds: 02 dec 2005 Laatste bezoek: 27 apr 2024 Aanbevelingen Ontvangen: 82131 Gegeven: 20920 Aantal posts: 364.669 Moody downgrades POSCO rating to Baa2Moody's Investors Service has downgraded POSCO's foreign currency bond rating to Baa2 from Baa1. Moody's also has downgraded its senior unsecured shelf rating to (P)Baa2 from (P)Baa1. The rating outlook is stable. Mr Chris Park a Moody's Vice President and Senior Credit Officer said that "POSCO's high level of debt, the challenging fundamentals it faces in the steel industry and the significant uncertainties about its ability to implement significant deleveraging measures are key factors behind the rating downgrade.” Mr Park added that "The rating action also reflects our expectation that, despite a gradual improvement, POSCO's financial leverage will remain elevated and weak for the Baa1 rating level over the next one to two years.” Given the persistent weakness in the regional steel industry a situation which will hinder any recovery in POSCO's core steel margins the improvement in the company's profitability should remain modest in the next two years, despite Moody's expectation that POSCO will achieve a robust growth in earnings from its non-steel businesses and should benefit from its large expansion in steel capacity. Moreover, the company's moderate profitability and its sizeable investments of over KRW5 trillion annually, will constrain its ability to generate positive free cash flow and to reduce its financial leverage. Aanbevelingen 0 ” Quote Reageren Niet oké
voda 27 november 2013 16:42 auteur info voda Lid sinds: 02 dec 2005 Laatste bezoek: 27 apr 2024 Aanbevelingen Ontvangen: 82131 Gegeven: 20920 Aantal posts: 364.669 BHP spends big to expand iron ore export capacityBHP Billiton is a step closer to its long term goal in the Pilbara, after announcing USD 301 million worth of new spending. The global miner will spend the money on two new ship loaders at Port Hedland, which will help increase the export capacity of its iron ore division. Ship loaders are effectively large spouts that pour iron ore directly into the hull of giant ships, and the two new ones will replace a couple of 40 year old ship loaders. The new models can each move an extra 2,500 tonnes of ore an hour. The spending is part of the gradual upgrade and improvement BHP is conducting in the Pilbara with the goal of gradually growing the export business toward 270 million tonnes per year. BHP said that yThis investment will also create additional port capacity that can be utilised as a series of debottlenecking initiatives increase the capacity of our Western Australia Iron Ore supply chain towards 270 million tonnes per annum (100% basis), at a low capital cost. Source - SMH.com Aanbevelingen 0 ” Quote Reageren Niet oké
voda 27 november 2013 16:45 auteur info voda Lid sinds: 02 dec 2005 Laatste bezoek: 27 apr 2024 Aanbevelingen Ontvangen: 82131 Gegeven: 20920 Aantal posts: 364.669 Significant progress on iron ore mine expectedSignificant progress on a multi billion dollar iron ore mine for Labrador West is expected to be announced over the next couple of months. Alderon Iron Ore Corporation is moving full speed ahead with its USD 1.5 billion mine near Labrador City Wabush. The project is surrounded by four producing mines. Mr Tayfun Eldem president of Alderon said that “There will be news in the near future involving deals on power, financing for the project, imminent release of the environmental assessment and ongoing talks with aboriginal stakeholders. The mine is going to be built on budget and on schedule with production set for the end of 2015.” He points out growth in global crude steel output is forecast to continue into the next decade and China will be a major market because of industrialization in that country. Alderon Iron Ore has major strategic partners in China for the Kami project. Source - Vocm.com Aanbevelingen 0 ” Quote Reageren Niet oké
voda 27 november 2013 16:52 auteur info voda Lid sinds: 02 dec 2005 Laatste bezoek: 27 apr 2024 Aanbevelingen Ontvangen: 82131 Gegeven: 20920 Aantal posts: 364.669 Energy initiatives benefit steel maker ArcelorMittal SASOUTH Africa’s main steel maker, ArcelorMittal SA, saved ZAR 127 million last year by spending ZAR 21 million on energy-saving initiatives in 2011 and last year at its Saldanha Bay plant. The plant makes ultra-thin hot-rolled steel coil, which requires significant energy, engineering and technology inputs. By introducing a world-class manufacturing program optimising energy management at the facility it has gone from being one of Luxembourg based steel maker ArcelorMittal Group’s highest-cost factories to one of its lowest-cost producers. A case study headed by the United Nations Industrial Development Organisation shows that even if no further investments in energy efficiency are made at Saldanha, and assuming all conditions are kept constant, the savings will be ZAR 362 million by 2016. This comes as national electricity utility Eskom asks industry in South Africa to reduce power consumption by 10% during peak periods, which ArcelorMittal SA has agreed to do. But its Saldanha facility has already reduced electricity consumption from 1,311 kilowatt-hours (kWh) per tonne of hot-rolled coil in 2008, to 1,190kWh/tonne last year. It has also halved usage of liquid natural gas, significantly lowering its carbon footprint. The energy savings also come as the quality of iron ore used at the facility undergoes "natural deterioration", which is affecting the burn rates of coal and coking coal used in making steel. This is happening because supplier Kumba’s Sishen iron-ore mine in the Northern Cape province is being depleted of easy pickings. Ms Reinet van Zyl, energy manager at the Saldanha works said that "Sustainable change is the most challenging aspect continuous improvement.” She added that the plant wants to reduce its reliance on Eskom, as energy makes up 44% of costs. But by reviewing operational assumptions, and incrementally changing the operating principles and philosophy, the "purity" of inputs have been optimised, improving product quality and output. At the same time, ArcelorMittal SA says it is pursuing a potential power purchase agreement with an independent power producer. It says approvals for an 800MW power plant using compressed natural gas from Angola will be required from numerous government agencies. Such projects are part of initiatives to boost energy supply security and mitigate rising electricity costs. Source - www.bdlive.co.za Aanbevelingen 0 ” Quote Reageren Niet oké
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