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1. voda 27 januari 2015 16:52

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   Western Australia shocked as iron ore gravy train derails
   
   The Australian reported that the boom is officially over in Perth. Unemployment has just hit its highest level since 2003, population growth is at an eight year low and new investment in the resources industry has slowed to a trickle.
   
   The best barometer of Western Australia’s prosperity during the once in a lifetime boom the iron ore price now serves more as a doomsayer’s daily guide to the severity of the downturn.
   
   Anecdotes of mining executives on AUD 150,000 a year being made redundant and now unable to find work are becoming commonplace. Geologists are back driving taxis, which is exactly what many of them did before China began buying WA minerals in record volumes 10 years ago.
   
   WA is no longer the nation’s star performer. In fact, the Northern Territory has just overtaken WA to share the mantle of the nation’s best performing economy alongside NSW.
   
   The Barnett government’s coffers are suffering as mining royalties dry up, Treasurer Mr Mike Nahan has conceded the state is staring at a AUD 1 billion plus budget deficit in 2014 to 2015, the first deficit in WA for 15 years.
   
   Labour scarcity in the state reached a record low last month, according to a survey by Westpac and the WA Chamber of Commerce and Industry. Only 7% of businesses reported that labour was scarce and 75% said they believed the supply of workers was adequate.
   
   Moreover, the cost of employing staff in WA has hit its lowest level since the Westpac-CCI survey was first conducted in 1997, a quarter of all businesses surveyed said they expected their wages bill would fall during 2015.
   
   Perth’s once crushing road congestion is easing because there are fewer cars on the road. A sharp drop in the number of people using public transport in Perth is also being attributed to the city’s rising unemployment rate.
   
   Perhaps the biggest winners are tenants, many of whom missed out on any benefits of the boom while being forced to pay higher rents, who are taking advantage of the slowdown to successfully haggle for better deals with landlords. Rents are now falling across the state thanks to a rate of population growth which has reached its slowest pace in eight years.
   
   Source - The Australian
   
2. voda 27 januari 2015 16:53

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   TMK announces 4Q 2014 and FY2014 operational results for American division
   
   TMK is a leading global manufacturer and supplier of steel pipes for the oil and gas industry, operating 28 production sites in Russia, the US, Canada, Romania, Oman, the UAE, and Kazakhstan, and two R&D centres in Russia and the US announce its Q4 2014 and FY 2014 operation results.
   
   According to Baker Hughes, the active rig count totalled 1,861 rigs for 2014, which was 100 rigs or 6% above the 2013 average. The total amount of oil rigs went up by 11%, while gas rigs lost 13%, going down from 384 units in 2013 to 333 in 2014.
   
   This growth in rig count, combined with an increase in the number of tonnes consumed per rig, due to greater drilling efficiencies through pad drilling and an increase in the number of horizontal wells, led to an estimated increase in US OCTG consumption of 18%, as well as a decline in inventories of 19%.
   
   In 2014, TMK's American division increased its shipments by 5.8% YoY, reaching TMK IPSCO's all-time high of 1,238 thousand tonnes of tubular products. In 4Q 2014, the division's shipments grew by 9.5% QoQ to 338 thousand tonnes.
   
   In 2014, shipments of seamless and welded OCTG pipe were up 22.6% and 3.3%, respectively, driven by the rise in drilling activity and development of unconventional hydrocarbon reserves in North America. In 4Q 2014, the shipments increased by 12.2% and 21.1% QoQ, respectively.
   
   Welded pipe shipments went down by 4.8% in 2014 due to the division's commitment to expand the production of higher value-added pipe by reducing the share of low-margin products.
   
   Shipments of pipe with premium connections also reached record levels, resulting in a yearly increase of 38.5% as well as an increase in US market share from 15% to 18% YoY within the premium connections market segment. Moreover, despite the fact that energy sector companies continued to focus on oil drilling, which generally require semi-premium or lower value added premium connections, shipments of full-premium or higher value added premium connections increased as a%age of the company’s overall premium connection shipments. This resulted in a higher average selling price for these products.
   
   Furthermore, the positive ruling on the US OCTG Trade Case allowed market prices to gradually recover during 2014. This price-improvement trend achieved in 2014, is now under threat due to expected declines in capex of energy sector companies on account of the recent decline in the price of oil
   
   With Baker Hughes’ recent rig count now showing a total of 1,750 rigs, TMK's American division expects 2015 shipments to be negatively affected, particularly shipments of lower value added products.
   
   Source - Strategic Research Institute
3. Yabbedabbedoe 27 januari 2015 17:55

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   [quote alias=voda id=8209421 date=201501271653]
   TMK announces 4Q 2014 and FY2014 operational results for American division
   
   Voda, bedankt weer voor alle info die je dag na dag hier post. Een pluim voor jou!
4. voda 27 januari 2015 20:32

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   Mijn hartelijke dank. Graag gedaan. Leuk om te lezen.
5. voda 28 januari 2015 16:37

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   Full resumption of TATA Steel iron ore mines in Odisha
   
   Economic Times reported that TATA Steel believes the raw material issues, which forced it to import iron ore for the first time in its history last year, may finally be behind it.
   
   TATA Steel MD Mr TV Narendran while speaking on the side lines of a conference said “All our mines are operational, including our Sukinda chrome mine. These are mines we have been mining for 80-90 years, we will be able to continue mining them now.”
   
   Regulatory issues in 2014 had led to TATA Steel being forced to temporarily stop work at its mines.. On January 12, amendments to the MMDR Act were promulgated, extending until 2030 mining rights to Tata Steel and everyone else owning leases more than 50 years old
   
   A recent order of the Ministry of Environment and Forest has helped the industry duck another major breakdown that it was headed towards. Lessees operating until now with clearances for at least a part of their lease area have till February 1, 2016 to get clearance under the Forest (Conservation) Act 1980 for the entire area. The previous deadline was this January 31 .
   
   Operations resumed after Odisha agreed to allow renewal of four mines - Joda East, Katamani, Bamebari and Joda West - holding back on Khondbondh, a mine that Tata Steel claimed it was saving up for a 3 million tonne steel plant it is building at Kalinganagar, Jajpur. The company had to turn to the Ranchi High court to get relief for its Nuamundi mine in Jharkhand.
   
   Source - Strategic Research Institute
6. voda 28 januari 2015 16:37

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   Buyers stay away from iron ore E auction by OMC - Report
   
   Business Standard reported that online auction of iron ore conducted by Odisha Mining Corporation received lukewarm response because of higher floor prices fixed by the company
   
   The report quoted some market sources as saying that out of 257,000 tonne iron ore put up for auction, only 28,000 tonne was sold in the e-auction process at base prices
   
   For the online auction, OMC had fixed base price of fines in the range of INR 2,380 to INR 2,856 a tonne and INR 3,427 to INR 4,379 a tonne for lumps as compared to the October auction rates of INR 2,500 to INR 3,000 and INR 3,600 to INR 4,600 a tonne for fines and lumps respectively.
   
   Though the floor rates have come down, auction participants said, they do not reflect trends in domestic markets. A player involved in buying said "OMC is quoting INR 2,900 per tonne for iron ore fines, while other private miners are offering at INR 2,500 to INR 2,600 a tonne in the state. The rate differences show there is some defect in the price fixation system in e-auction.”
   
   Steel makers said, such method is faulty as most of the private miners try to manipulate the auction rate, which is often referred as benchmark rate for next round of auction. A steel industry official said “Private miners depute traders to take part in the auction process, who deliberately jack up the prices and never bother to actually consume the minerals. They end up losing their security deposits for not lifting the mineral, but still are not worried as they are compensated by the private miners, who gain market share and profit by selling ore at lower rates than OMC.”
   
   OMC has been providing linkage iron ore to the local steel plants, constituting half of its total iron ore output, at the rate derived from online auction for end-use plants and traders at the national level.
   
   Sources in OMC confirmed that out of 600,000 tonne iron ore lump and fines put up for last auction in October, about 150,000 tonne has not been lifted by the traders and end users due to logistic and financial problem.
   
   As per a resolution of the state steel and mines department, half of the minerals produced by merchant miners are to be supplied to steel producers without having captive mine, at the rate equivalent to average price of last two online auction rates. Accordingly, OMC has earmarked 2.5 million tonne iron ore and private miners such as Rungta, Essel Mining, MGM, Serajuddin have agreed to provide 4.2 million tonne ore to steel units in the Jan-March period of current financial year.
   
   Source - Business Standard
   
7. voda 28 januari 2015 16:38

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   Totem Steel announces partnership with TATA International Metals Americas
   
   Totem Steel International and Tata International Metals Americas, a division of Tata International Limited, announced that effective on February 1, 2015; Totem Steel will be continuing its operations as Tata International Metals Americas.
   
   Totem Steel International is a steel and forest products trading company located in Portland, Oregon. Totem’s primary business is trading and distribution of flat rolled steel products. The majority of Totem’s sales are to end user customers in the US and Canada who manufacture residential HVAC products, metal buildings, carports, garage doors, entry doors, metal furniture, steel shelving, steel drums, and coil tubing for the energy sector.
   
   TATA International Metals Americas President Murat Askin said “It will be a pleasure growing our business together. The expertise of JR Meyers and Totem Steel represent a unique aspect of the steel trading business we are proud to add to our portfolio.”
   
   Mr JR Meyers, Totem’s founder and owner, said “My biggest excitement about this relationship is the opportunity to take our operation to the global level beyond what we can achieve on our own. Our partnership with Tata will build on our already impressive growth with the help of their tremendous reach and resources.”
   
   TATA International is a global trading and distribution company, with a network of offices and subsidiaries spanning more than 39 countries in Africa, Asia, Europe and the Americas. TATA International’s Metals Trading division is supported by global sourcing, deep market knowledge and supply chain management of various steel and related products, serving customers across 50 countries.
   
   Source - Strategic Research Institute
8. voda 28 januari 2015 16:42

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   Mayhem continues in seaborne iron ore market on Tuesday
   
   Iron ore market in world’s biggest consumer China remained unbalanced as prices of imported iron ore at Chinese ports continued on downward trend on Tuesday. Prices of various items and grades from almost all origins slid by USD 2per tonne to USD 3 per tonne ie about 3% to 5 % DoD on Tuesday
   
   In unison, China's iron ore futures dropped for a fifth straight day on Tuesday. Iron ore futures for May delivery on the Dalian Commodity Exchange fell 0.2 percent to CNY 470 a tonne, down a fifth straight day.
   
   The decline in prices is mainly due to slower demand growth for steel in China coupled with abundant supply from overseas. While high volume of supply from miners is the main driver of the low price steel mills in China are also cutting output before the Lunar New Year, putting further pressure on prices.
   
   The lower iron ore prices and rising imports from Australia and Brazil have forced a growing number of Chinese mines to suspend production. It is estimated that about 60 million tonnes of domestic iron ore capacity could be shut down this year. However, the cut in output by domestic miners will be offset by overseas expansion. Shippers from Australia are gaining market share in China, accounting for 59% of imports last year from 51% in 2013. Brazil’s share was 18% from 19%, while exports from the rest of the world fell to 23% from 30%.
   
   Inventories of imported iron ore on January 26th 2015 stood at 101.73 million tonnes, up by 2.86 percent, or 2.83 million tons, over the previous week close on January 19th 2015
   
   Sluggish steel demand in China will continue to push iron ore prices lower. The combination of a further increase in global iron ore supply this year and only subdued demand growth suggests iron ore prices will continue to drift lower. The iron ore market will continue to be sluggish next month as the Chinese New Year approaches and the low iron ore prices are likely to be the market's new normal.
   
   Source - Strategic Research Institute
   
9. voda 28 januari 2015 16:44

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   China's apparent consumption of crude steel in 2014 down 3.4pct
   
   According to the China Iron and Steel Association, China's apparent consumption of crude steel increased 3.4% to 738 million tonnes in 2014. The situation of oversupply in steel industry cannot be reversed due to steel overcapacity. And the steel price is unlikely to increase substantially.
   
   China's crude steel production in 2014 hit 822.7 million tonnes, increasing by 0.9% YoY. The net export of steel products could be translated into 84.41 million tonnes of crude steel, up by 64.5% YoY.
   
   Affected by the continuous decrease of steel price, the social inventory of five major steel products in China steel industry in late December came to 9.63 million tonnes, decreasing for ten consecutive months. As of January 16th 2015, the social inventory rebounded to 104.1 million tonnes. The price of steel products has already reached the bottom since the price of iron ore gradually stopped declining.
   
   In 2014, China exported 93.78 million tonnes of steel products, 40% of which were boron added. The policy of cancelling tax rebate of boron added steel products announced on January 1st 2015 will restrict the exports of Chinese steel products to some extent.
   
   The enactment of New Environmental Law will increase the cost of steel production of steelmakers as a result. The sales profit rate of large and medium sized steelmakers in 2014 was less than 1% which is the lowest level in industrial sectors. Meanwhile, the price of imported iron ore vibrated within a small range, which may decline further in the following time. The situation of iron ore oversupply still existed in domestic market.
   
   Source - www.steelhome.cn/en
   China steel information centre and industry database
   
10. voda 28 januari 2015 16:45

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    MMK carries out a large scale blast furnace modernisation
    
    OJSC Magnitogorsk Iron and Steel Works is carrying out technical upgrades to blast furnace ?8. Following the expected completion during winter period, the blast furnace will be ready to serve seasonal growth in demand for metal in Spring.
    
    The technical upgrades to the blast furnace started in early December 2014 and are scheduled to be completed by 15 March 2015. It is expected that as early as February the blast heaters will start warming up as the first stage of preparation for launch.
    
    Hearth jacket mounting and lintel plate welding are being carried out presently. Demounting of the old furnace elements, foundation repair, and replacement and lining of the hot blast main have already been completed.
    
    The upgraded blast furnace will incorporate a ceramic bucket which would protect the hearth and furnaces’ carbon blocks from moisture and oxygen supplied to the blast furnace. This design of the furnace refractory lining, which is already installed on several blast furnaces at the MMK mills, increases intervals between repair. The ceramic bucket was supplied by MMK’s Chinese partners.
    
    The automation controls of the blast furnace will also undergo significant upgrades. New controllers produced by Siemens will be installed instead of the previous outdated components.
    
    Blast furnace ? 8 was commissioned on 16 January 1954. It has an effective volume of 1,370 cu m with capacity of 3,200 tonnes of cast iron per day. The last major upgrades to the blast furnace were carried out in 1987.
    
    Source - Strategic Research Institute
11. voda 28 januari 2015 16:47

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    Nucor reports results for 4 and 2014
    
    Nucor Corporation announced consolidated net earnings of USD 713.9 million for the full year 2014, an improvement of 46% compared with consolidated net earnings of USD 488.0 million in 2013. Nucor reported consolidated net earnings of USD 210.4 million for the fourth quarter of 2014 as compared to USD 245.4 million in the third quarter of 2014 and USD 170.5 million in the fourth quarter of 2013.
    
    Nucor's results include a credit of USD 57.3 million for the fourth quarter and full year 2014 to value inventories using the last in, first out (LIFO) method of accounting. These credits are compared with a charge of USD 17.4 million for the fourth quarter and full year 2013, and a credit of USD 14.5 million in the third quarter of 2014.
    
    Third quarter of 2014 results included a USD 12.5 million charge related to the partial write down of assets within the steel mills segment. The fourth quarter of 2013 results were impacted by an out-of-period non-cash gain of USD 21.3 million related to a correction of deferred tax balances.
    
    For the full year 2014, Nucor's consolidated net sales increased 11% to USD 21.11 billion, compared with USD 19.05 billion for 2013. Average sales price per ton increased 3%. Total tons shipped to outside customers in 2014 were 25,413,000, an increase of 7% from the full year 2013.
    
    Nucor's consolidated net sales decreased 12% to USD 5.00 billion in the fourth quarter of 2014 compared with USD 5.70 billion in the third quarter of 2014 and increased 2% compared with USD 4.89 billion in the fourth quarter of 2013. Average sales price per ton decreased 2% from the third quarter of 2014 and increased 1% from the fourth quarter of 2013. Total tons shipped to outside customers were 6,070,000 tons in the fourth quarter of 2014, an 11% decrease from the third quarter of 2014 and a 1% increase over the fourth quarter of 2013. Total fourth quarter steel mill shipments decreased 7% from the third quarter of 2014 and increased 2% over the fourth quarter of 2013. Fourth quarter downstream steel products shipments to outside customers decreased 17% from the third quarter of 2014 and increased 3% over the fourth quarter of 2013.
    
    The average scrap and scrap substitute cost per ton used for the full year 2014 was USD 381, an increase of 1% from USD 376 in 2013. The average scrap and scrap substitute cost per ton used in the fourth quarter of 2014 was USD 363, a decrease of 4% from $379 in the third quarter of 2014 and USD 377 in the fourth quarter of 2013.
    
    Overall operating rates at steel mills increased to 78% for the full year 2014 from 74% for the full year 2013. Steel mill utilization rates in the fourth quarter (76%) decreased compared to the third quarter of 2014 (81%) and increased compared to the fourth quarter of 2013 (75%).
    
    Source - Strategic Research Institute
12. voda 28 januari 2015 16:48

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    US Steel reports highest full year net income for 2014 since 2008
    
    United States Steel Corporation reported its highest full year net income since 2008 as the Carnegie Way delivered more earnings power.
    
    For the full year 2014, US Steel reported net income of USD 102 million, which included net charges of USD 574 million, primarily due to non cash charges for strategic actions. For the full year 2013, US Steel had reported a net loss of USD 1,645 million, which included net charges of USD 1.5 billion, primarily due to a non cash goodwill impairment charge and non cash restructuring and other charges.
    
    Fourth quarter 2014 net income of USD 275 million, compares to fourth quarter 2013 net income of USD 297 million and a third quarter 2014 net loss of USD 207 million
    
    US Steel president& CEO Mr Mario Longhi said "We are pleased to report another quarter of strong operating results, which continue to reflect the significant and sustainable improvement in our earnings power from our Carnegie Way transformation efforts."
    
    US Steel said “Fourth quarter results for Flat rolled segment decreased compared to the third quarter primarily due to increased repairs and maintenance costs of approximately USD 100 million due to a reline of a blast furnace at Mon Valley Works and planned blast furnace maintenance projects at Granite City and Great Lakes, which resulted in lower operating levels. Despite the lower production levels, our Flat-rolled segment still achieved income from operations of USD 82 per ton for the fourth quarter. Shipments and average realized prices decreased from the third quarter as a result of weaker spot market conditions. Our Flat-rolled segment results continue to be adversely impacted by the acceleration of imports during 2014, but most significantly by the massive surge of imports during the fourth quarter. Full-year Flat-rolled segment results for 2014 increased as compared to 2013 primarily due to the benefits provided by our Carnegie Way efforts, increased average realized prices and reduced raw materials costs partially offset by higher energy costs.”
    
    It added “European segment results improved slightly compared to the third quarter primarily due to higher shipments; lower raw materials costs, primarily for iron ore; and lower facility repairs and maintenance costs as scheduled maintenance was completed in the third quarter. These improvements were partially offset by negative foreign currency effects driven by the strengthening of the U.S. dollar. Additionally, a shift in product mix resulted in lower average realized euro-based prices. Full-year European segment results for 2014 increased as compared to 2013 due to the benefits provided by our Carnegie Way efforts and decreased raw materials costs partially offset by a decrease in average realized euro-based prices.”
    
    US Steel also aid “Fourth quarter results for our Tubular segment increased compared to the third quarter. Average realized prices increased primarily due to improved pricing and mix as a result of increased alloy OCTG shipments. Full-year Tubular segment results for 2014 increased as compared to 2013 primarily due to the benefits provided by our Carnegie Way efforts.”
    
    Source - Strategic Research Institute
13. voda 28 januari 2015 16:49

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    AK Steel reports Q4 and 2014 results
    
    AK Steel has reported its financial results for the fourth quarter and full year of 2014.
    
    4th Quarter 2014 Performance Summary
    1. Shipments of 2,010,200 tons
    2. Sales of USD 2 billion with an average selling price of USD 987 per ton
    3. Net income of USD 13.5 million
    4. Adjusted net income of USD 26.1 million
    5. Adjusted EBITDA of USD 117.0 million
    6. Successful reline of the Ashland Works blast furnace hearth
    7. Liquidity of approximately USD 872 million
    
    Mr James L Wainscott chairman, president & CEO of AK Steel said "AK Steel's improved financial performance represented its best quarter of the year and quarter-over-quarter reflects strong market demand for our automotive products, lower steelmaking input costs, and the first full quarter of results associated with the Dearborn Works acquisition. Also, we successfully completed a planned reline of our Ashland Works blast furnace hearth during the quarter, which helps position AK Steel well to serve our customers for many years to come."
    
    Full-Year 2014 Results
    
    For the full year 2014, the company reported a net loss of USD 96.9 million as compared to a net loss of USD 46.8 million for 2013. Excluding the effects of the pension corridor and OPEB settlement charges and acquisition related expenses, the company reported an adjusted net loss of USD 59.7 million
    
    Sales for 2014 were USD 6.51 billion, an increase of 17% compared to USD 5.57 billion for 2013. Shipments for 2014 were 6,132,700 tons, an increase of 16% from 5,275,900 tons in 2013. Both increases were principally due to the acquisition of Dearborn Works and increased demand from the automotive market.
    
    The company said its average selling price for full-year 2014 was USD 1,058 per ton, slightly higher than the USD 1,056 per ton reported for 2013. The increase in the average selling price for full-year 2014 was primarily due to increased sales to the automotive market and higher spot market pricing in the periods prior to the fourth quarter, partially offset by a higher percentage of product shipments to the spot market which included the increase in hot-rolled shipments as a result of the Dearborn Works acquisition.
    
    Source - Strategic Research Institute
14. voda 28 januari 2015 16:50

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    Steel players and government meet to propel growth of Thai steel industry
    
    Nation Multi Media reported that 24 Thai steel producers and traders and eight government agencies for the first time sat down together to discuss how to make the country's steel industry sustainable for the long term.
    
    General Chatchai Sarikulya Commerce Minister of Thai said that his ministry would act as a coordinator for the steel industry, related enterprises and government agencies to tackle many problems hindering the growth of the country's steel related enterprises.
    
    Currently, Thailand demands about 18 million tonnes of steel each year. However, Thai producers supply only about 8 million tonnes, with the rest imported. Some steel users have chosen to use cheaper, lower quality imports, prompting calls by the local steel makers for government safeguards or anti dumping duties.
    
    Mr Chatchai said that "All involved, including government agencies and the private sector from upstream to downstream, need to brainstorm and discuss how to solve problems in steel trading and balance benefits for all, as well as create sustainable measures to ensure the growth of the Thai steel industry."
    
    Mr Songwoot Graipaspong, chairman of the Steel Industry Club under the Federation of Thai Industries, said that private enterprises wanted to see development throughout the industry from upstream to downstream.
    
    Mr Graipaspong said that the government should also set up a price-recommendation system running from the factory gate to end user, rather than only at the factory gate as currently. The present system makes the price of steel difficult to control, he said.
    
    He also called for establishment of an iron smelter. If the country had its own smelter, it could carefully control its impact on the environment and clarify all issues of concern to the public.
    
    Source - Nation Multi Media
    
15. voda 28 januari 2015 16:50

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    China Hebei Steel mills cut down use of domestic iron ore amid cheap imports
    
    Steel mills located in Hebei province cut down reliance on domestic iron ore amid cheap imports.
    
    SteelHome survey suggested that the usage of domestic iron ore at 38 major Chinese steel mills based in Hebei, of which 24 in Tangshan, 14 in Handan and Xingtai, fall to 7% in the week ended January 23; for whole Hebei province, the rate is estimated at 20%.
    
    Source - www.steelhome.cn/en
    China steel information centre and industry database
    
16. voda 28 januari 2015 16:51

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    China eliminates 31.1 million tonne of obsolete steel capacity in 2014
    
    Reuters reported that China has eliminated 31.1 million tonnes of steel production capacity last year, higher than expected
    
    China, the world's largest steel producer, earlier set the target of 27 million tonnes for the steel sector.
    
    Separately, Hebei province, the country's biggest steel-making region, has closed as much as 15 million tonnes of steel production capacity last year, meeting its target, but aims to shut only 5 million tonnes this year.
    
    Source - Strategic Research Institute
17. voda 28 januari 2015 16:52

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    NLMK update on steel segment
    
    Q4 2014 overview:
    Lipetsk site steel output increased by 6.8% QoQ (6.4% YoY) to the plant’s historical high of 3.4 MT. This was made possible by the operational efficiency program. Steel product output totaled 3.4 m t (+6.9% QoQ and + 8.4% YoY mostly on the back of increased output of slabs and coated steels.
    
    Steel Segment sales increased by 4.3% QoQ (16% YoY) to 3.2 MT due to higher demand for semi finished products in international markets that fully offset the seasonal decrease in Russian sales .
    
    The Company took advantage of the high demand for pig iron in external markets, growing its sales of the product to 156,000 tonnes (by 61% QoQ). On the back of increased demand, Q4 slab sales were up to 1.75 MT (+13.5% QoQ and +11.9% YoY), including 0.54 MT to NBH rolling assets (+15.9% QoQ and +19.8% YoY). Slab sales to the Russian market were up by 32% QoQ to 0.2 MT. Following slab restocking at the Group’s subsidiaries in Q3, deliveries to NLMK USA and NLMK Dansteel were down by 20.6% QoQ to 0.54 MT.
    
    Finished product sales by the Steel Segment companies in Q4 demonstrated a seasonal decline to 1.26 MT (-9.9% QoQ); on a YoY basis, finished product sales gained 10%. Pressured by seasonality, Segment sales in the Russian market contracted by 8.1% QoQ to 1.02 MT. On a YoY basis, sales to Russia increased by 15% .
    
    12 Month 2014:
    Steel output at the Lipetsk site reached 12.6 MT (+1.3% YoY), which exceeds its design production capacity of 12.4 MT and was made possible by the operational efficiency program. Finished product output at the Lipetsk site totaled 12.3 MT (+1.5% YoY).
    
    Steel Segment sales increased by 3.5% to 12.3 MT, driven, among other factors, by the sale of accumulated stock at the beginning of 2014. Rolled product sales increased by 4.6% to 5.5 MT driven, among other factors, by the increase in the productivity of the hot-rolling mill following its revamp in 2014.
    
    Source - Strategic Research Institute
18. voda 28 januari 2015 16:53

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    Update on week raw steel production in USA
    
    In the week ending January 24th 2015, domestic raw steel production was 1,825,000 net tonnes while the capability utilization rate was 75.9. Production was 1,824,000 net tonnes in the week ending January 24th 2014, while the capability utilization then was 75.8%.
    
    The current week production represents a 0.1% increase from the same period in the previous year. Production for the week ending January 24th 2015 is up 1.1% from the previous week ending January 17th 2015 when production was 1,806,000 net tonnes and the rate of capability utilization was 75.1%.
    
    Adjusted year to date production through January 24th 2015 was 6,326,000 net tonnes, at a capability utilization rate of 76.7%. That is up 1.2% from the 6,254,000 net tonnes during the same period last year, when the capability utilization rate was 75.8%.
    
    Broken down by districts, here's production for the week ending January 24, 2015 in thousands of net tons: North East: 219 Great Lakes: 666; Midwest: 236; Southern: 614 and Western: 90 for a total of 1,825.
    
    Source - Strategic Research Institute
19. voda 28 januari 2015 16:54

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    Iron ore exports from Brazil to China rise 10pct in 2014
    
    According to figures from China’s customs services, Chinese imports of iron ore from Brazil, the second largest supplier to the country, increased 10.3% in 2014 to 170.96 million tonnes.
    
    From Australia, its main supplier, China imported 548.4 million tonnes of iron ore, an annual increase of 31.6%.
    
    Overall, China imported 932 million tonnes of iron ore, an annual increase of 13.8% and Australian mining companies increased their share of the market from 50.9% market share in 2013 to 58.8% in 2014.
    
    Chinese imports from Indonesia and the Philippines fell by over 70% YoY in 2014, while imports from Russia and Venezuela fell, in both cases, by over 40%.
    
    Source - Macauhub
    
20. voda 28 januari 2015 16:54

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    Peru approves environmental permit for new Chinese owned iron mine
    
    Peruvian Times reported that the Mines and Energy Ministry has approved the environmental permit for a USD 1.5 billion Chinese owned iron ore mine.
    
    Jinzhao Mining Peru’s Pampa del Pongo mine is located in the southern province of Caraveli in Arequipa region.
    
    ‘The ministry also said that it approved the environmental permit for a port that will export Pampa del Pongo’s iron ore, requiring an additional investment of USD 340 million.
    
    Peru is a major global producer of copper, gold, silver and zinc, but it currently only has one iron ore mine in operation. There are a number of new mine projects expected to start production in 2015 and 2016, which will boost production in Peru’s mining industry.
    
    The ministry said that Pampa del Pongo will provide 3,294 jobs during the construction phase and about 1,256 jobs once it is in operation. The mineral port will require 450 people to work on it during construction, and about 50 during operation.
    
    Source - Peruvian Times