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1. voda 13 februari 2020 18:21

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   Yazdani Steel Bags Kalmong Iron Ore Mine in Odisha
   
   Odisha media reported that Yazdani Steel has bagged Kalmong iron mine committing to pay 100 per cent of the average sale price to the Odisha government. The mine in Sundargarh district has an estimated ore reserve of 1.40 million tonnes iron ore and 3.695 million tonnes manganese ore. This was 13th of 19 mines enlisted for auction in Odisha.
   
   Earlier, Vishal LPG Fuels Pvt Ltd has bagged Nadidih iron ore and manganese mine in Odisha’s Sundargarh. The company has committed to pay 142.35 per cent of the average sale price to the Odisha government.
   
   Source : Strategic Research Institute
2. voda 13 februari 2020 18:22

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   NLMK Group Announces Financial Results for Q4 and 2019
   
   NLMK Group announced its Q4 and 2019 financial results. NLMK Group CFO Mr Shamil Kurmashov said “The situation on steel product markets in 2019 was rather challenging. H2 2019 saw prices fall below the cycle average. The dive was so deep we estimate that 80% of global HRC production was loss-making. The margins in the sector were further pressured by increasing prices for raw materials. Amid the low phase of the market NLMK carried out major overhauls at its blast furnace and BOF operations, resulting in a 3% yoy reduction in steel sales in 2019.
   
   Revenue decreased by 12% YoY to USD 10.6 billion in 2019 amid falling steel product prices and lower sales due to major repairs at NLMK Lipetsk BF and BOF operations. EBITDA totalled USD 2.6 billion down by 29% YoY amid a decrease in revenue and narrower steel/raw material spreads. EBITDA margin was down to 24%
   
   Revenue decreased by 10% QoQ to USD 2.3 billion in Q4 of 2019 amid a decrease in average sales prices and an increase in the share of semi-finished products in the sales portfolio. EBITDA decreased to USD 480 million down 27% QoQ due to an outstripping decrease in steel prices relative to raw materials. EBITDA margin decreased to 21%.
   
   Source : Strategic Research Institute
3. voda 13 februari 2020 18:22

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   Severstal Passes Alliance Supplier Evaluation Standard Auto Steel Audit
   
   Russian steel giant Severstal has received rank B based on the ASES assessment as per RENAULT-Nissan-Mitsubishi and AVTOVAZ Alliance Supplier Assessment Standards. Rank B allows the company to be a recommended supplier on the part of the quality service for participation in new projects of the alliance plants. For three days, the auditor-representative of the Alliance evaluated the production chain at the Cherepovets Metallurgical Plant, as well as processes and individual elements of the existing quality management system: analysis of quality problems for current products, project management and changes, current results and applied practices at the metallurgical plant.
   
   The audit area included the CherMK flat-rolled products divisions (cold-rolled shops), the technical development and quality department, the customer technical support service of the Severstal Russian Steel division, the raw materials sales and procurement, investment, personnel directorate and the Business Development Center Severstal systems.
   
   The initial audit revealed some comments and areas for improvement. According to the Alliance procedure, Severstal prepared and agreed with the auditor a revision plan. Within six months, employees of CherMK flat-rolled products and functional directorates, with the support of specialists in working with suppliers of AVTOVAZ JSC, implemented developmental activities. For example, we improved the 8D system at CherMK in terms of the rules for prioritizing problems, defining responsible and deadlines for closing steps.
   
   As a result of the audit, Severstal in December raised its rank to B, which means meeting all the requirements of the Alliance for its suppliers.
   
   Source : Strategic Research Institute
4. voda 13 februari 2020 18:23

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   EUROFER Update on Real Steel Consumption in EU
   
   EUROFER announced that real steel consumption in EU fell by 1.6% YoY in the third quarter of 2019 and stood at 38.5 million tonnes. The continued slowdown in production activity of steel-using sectors, coupled with reduced steel intensity, led to a fall of 1.6% YoY in real steel consumption in the third quarter of 2019, continuing along the trend already observed in the second quarter (-0.9%). The ongoing economic slowdown and business uncertainty have continued to result in decreasing steel intensity. This implies that the ratio of steel consumption to steelweighted production in steel using industries has continued to decrease. That is to say, during market downturns this leads to a reduction of the steel content in the final output per unit in the steel using sectors.
   
   Faltering output growth in EU steel-using sectors over the 2019-2020 period, despite some recovery over the second half of 2020, in combination with the continued downward trend in steel intensity will result in a drop of real steel consumption of 1.1% in 2019 in annual terms. This will mark the first negative growth in EU real steel consumption since 2013, which will be followed by another drop in 2020, albeit more moderate, i.e. of 0.4%. Real consumption is expected to recover only in 2021, with a growth rate of 1.4% business conditions in the steel-using sectors should somewhat improve during 2020. The construction sector will prove resilient and continue to record output growth, while other steel-using sectors, automotive in particular, will continue to experience a downturn in production in early 2020, but at lower rates, followed by a modest recovery from the second quarter of 2020 onwards. The negative impact of decreasing steel intensity is also expected to soften. As a result, real steel consumption is expected to have reached 161.5 million tonnes in 2019, 160.9 million tonnes in 2020 and 163.2 million tonnes in 2021.
   
   Source : Strategic Research Institute
5. voda 13 februari 2020 18:24

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   AISI Update on Raw Steel Production in US in Week 06
   
   In the week ending on February 8, 2020, domestic raw steel production was 1,899,000 net tons while the capability utilization rate was 81.4 percent. Production was 1,917,000 net tons in the week ending February 8, 2019 while the capability utilization then was 82.4 percent. The current week production represents a 0.9 percent decrease from the same period in the previous year. Production for the week ending February 8, 2020 is down 0.8 percent from the previous week ending February 1, 2020 when production was 1,914,000 net tons and the rate of capability utilization was 82.1 percent.
   
   Adjusted year-to-date production through February 8, 2020 was 10,668,000 net tons, at a capability utilization rate of 82.1 percent. That is up 1.8 percent from the 10,478,000 net tons during the same period last year, when the capability utilization rate was 81.3 percent.
   
   Broken down by districts, here's production for the week ending February 8, 2020 in thousands of net tons: North East: 231; Great Lakes: 689; Midwest: 201; Southern: 703 and Western: 75 for a total of 1899.
   
   Source : Strategic Research Institute
6. voda 14 februari 2020 15:03

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   CISA Seeks Logistics Support for Chinese Steel Mills
   
   The China Iron and Steel Association has appealed to the Ministry of Transport to take forceful measures to ensure mills had adequate transportation to sustain their operations. It said “Extreme measures taken to fight the epidemic, such as lockdowns on cities and roads in some regions, are greatly impacting mills’ access to raw materials and their outbound deliveries of steel products. Some mills relying on road transport are facing shortages of raw material due to a lack of truck drivers, as some were unable to return to work on time due to the epidemic.”
   
   CISA also pointed out there had been a sharp rise in finished steel product stocks at mills after the Lunar New Year holiday. It said “While stocks are piling up, some companies are encountering cash flow problems, posing a threat to their production and operations.”
   
   The CISA called for steelmakers last week to adjust production to avoid overstock and ensure ample cash flow amid the coronavirus outbreak.
   
   A source from a Shandong-based state-owned steel mill said the plant has its own trucks for transport, but drivers from other cities are expected to have 14-day quarantine before returning to work.
   
   Stocks at Chinese steel mills rose by 17.3% from a week earlier to 11.5 million tonnes as of February 13 data compiled by consultancy Mysteel showed.
   
   Source : Strategic Research Institute
7. voda 14 februari 2020 15:09

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   FE Steel to Shut Some Steel Plate Mills
   
   JFE Steel announced its decision to idle part of its steel plate manufacturing operations in Japan on account of falling steel demand and faltering global economic growth situation. Some of the production lines at its East Japan Works' Keihin area facilities in Kawasaki, Kanagawa Prefecture will be idled by the end of March this year. In addition, works at some facilities in the Chiba area will come to a halt by March 2023. All the 360 affected workers affected by the closure will be relocated to other position
   
   JFE Executive Vice President Mr Masashi Terahata said that “T Both at home and abroad, we are considering a review needed to have a production system that is the most optimal for us, taking into account the current and future business environment. The company is currently undertaking a review of its domestic as well as overseas operations, as part of its optimization efforts, in line with the deteriorating market conditions. The company may be forced to declare additional production cuts in future.”
   
   JFE's announcement came only about a week after rival Nippon Steel Corp. said it will shut down subsidiary Nippon Steel Nisshin Co's Kure Works in Hiroshima Prefecture, western Japan, by the end of September 2023.
   
   Source : Strategic Research Institute
8. voda 14 februari 2020 15:10

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   thyssenkrupp Reports Weak Quarterly Results
   
   In a difficult economic environment, thyssenkrupp’s sales were virtually stable at EUR 9.7 billion in the first three months of the current fiscal year 2019/2020. While the capital goods businesses achieved in some cases double-digit growth rates, the materials businesses were clearly impacted by price and volume losses. This is also reflected in order intake , which was 4 percent lower overall at EUR 9.7 billion. Adjusted EBIT amounted to EUR 50 million and as expected was down from the prior year (EUR 217 million) particularly due to the situation at Steel Europe and a general weakening of the automotive market. thyssenkrupp AG CEO Ms Martina Merz said “The latest figures are not great. But we are convinced that we are on the right track. A decision on the Elevator transaction is imminent, the negotiations with codetermination representatives on the Steel strategy are making progress, and we are improving our performance. The bottom line: We are moving in the right direction.”
   
   Key figures 1st quarter 2019/2020
   
   thyssenkrupp reported a net loss of EUR 364 million for the 1st quarter 2019/2020 (prior year EUR 68 million). Alongside operating performance, this was due to restructuring expenses in connection with the implementation of “newtk”, increased interest expense for financial debt, and one-time expenses in connection with the Elevator transaction. After deducting minority interest, the net loss in the 1st quarter 2019/2020 was EUR (372) million (prior year EUR 60 million)
   
   2019/2020 forecast - Taking into account the continuing limited visibility and reduced planning reliability, thyssenkrupp is maintaining its forecast for the current fiscal year 2019/2020. Against the background of progress in the capital goods businesses, overall weaker earnings in the materials businesses and intensified restructuring measures already initiated, the Executive Board expects adjusted EBIT to be level with the prior year (prior year EUR 802 million). Free cash flow before M&A is expected to be lower year-on-year (prior year EUR (1,140) million). Expenses for the intensification ofrestructuring measures (special items in the mid three-digit million euro range) are expected to result in a significantly higher net loss for the year than in the prior year EUR (260) million).
   
   Source : Strategic Research Institute
9. voda 14 februari 2020 15:10

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   Harsco Signs 10 Year Add-on Contract with Tosyali Holding
   
   Harsco Corporation announced that its Environmental division) has entered into a 10-year contract with Tosyali Holding, Turkey’s leading flat steel and steel pipe producer, to provide an expanded range of services at its Toscelik Osmaniye flat steel production plant. HE and Tosyali Holding announced in May 2017 an exclusive joint venture for metal recovery and slag sale services at the Toscelik Osmaniye site. The new agreement, valued at over USD 17 million, calls for HE to provide both lancing and furnace slag cleaning services at Toscelik Osmaniye, improving the plant’s productivity and advancing its environmental sustainability goals.
   
   Harsco Environmental Chief Operating Officer Russ Mitchel said “I would like to congratulate our team for the outstanding performance that made this win possible. This expanded relationship is testament to Tosyali’s confidence in our ability to deliver services that advance both their business and environmental goals.”
   
   Source : Strategic Research Institute
10. voda 14 februari 2020 15:11

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    Liberty Ostrava Invests in Non-Destructive Testing of Seamless Pipes
    
    Liberty Ostrava has completed the installation of a new non-destructive control test line for seamless tubes worth CZK 35 million. The new, fully digital system, which meets the most demanding standards, replaces the analogue system from the 1990s. The investment will enable the plant to extend the test range of tubes used for oil and gas transport, allowing it to test tubes used for boilers and heat exchangers as well as larger steel structures. The supplier of the new digital system was Institute Dr. Foerster of Germany, which is among global leaders in this sphere.
    
    The quality of tubes produced at the Small Stiefel mill of Liberty Ostrava, used for gas or oil distribution, boilers, heat exchangers and steel structures, has up to now been tested using an analogue system from 1996, which was unable to test tubes with diameter below 60 mm. The new test line will enable non-destructive testing of the entire product range, i.e. seamless tubes of 21.3-140 mm diameter.
    
    Source : Strategic Research Institute
11. voda 14 februari 2020 15:11

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    Dunaferr Decides not to Layoff Workers
    
    Duol.hu reported that Hungarian steelmaker ISD Dunaferr has scrapped plans to lay off 350 workers. Duol.hu said management and union leaders had reached a compromise at talks this week. László Molnár, who heads the union at Dunaferr, told Duol.hu that there would be no layoffs at Dunaferr until December 31, 2020. Dunaferr had said in October that it would make the layoffs because of the crisis dragging on in the European steel industry.
    
    Dunaferr had 4,561 employees at the end of 2018
    
    Dunaferr is one of the largest industrial producers in Hungary. Hot rolled, pickled, cold rolled, galvanized strips and sheets, as well as open and hollow steel sections produced by Dunaferr are used primarily for the manufacturing of engineering, automotive and construction industrial products, as well as for the production of steel structures, household appliances and other parts. Significant part of sales revenue is realized from foreign markets, key partners are Germany, Poland, Austria, the Czech Republic, Slovakia and Italy.
    
    Source : Strategic Research Institute
12. voda 14 februari 2020 15:12

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    Universities of Leeds and Sheffield Researching Decarbonising UK Steel Industry
    
    Scientists at the Universities of Leeds and Sheffield have secured funding worth GBP 1.26 million from the Centre for Research into Energy Demand Solutions to investigate ways of decarbonising the steel industry in the UK within the next three decades. The scientists will develop new approaches that blend technology and policy with the aim of eliminating the industry’s dependence on fossil fuels. Professor William Gale said “The reality is the steel industry in the UK has to decarbonise but this has to be done sensitively otherwise there is a risk the industry will relocate to where the rules on carbon are more lax. Our challenge is to bring about real change without eroding the wafer-thin margins on which the industry operates. Steel is an important material so we can’t just stop manufacturing it. This project will bring together a range of experts: from scientists and engineers involved in researching alternative methods of production or ways to recover it from scrap – to policy and business experts analysing the policy initiatives and incentives needed for this change.”
    
    Steel manufacturing is a high carbon process and the industry faces an uncertain future with the UK’s legal commitment for net zero emissions by 2050, unless it ends its dependence on carbon. Every tonne that is manufactured creates around 1.8 tonnes of carbon dioxide.
    
    Source : Strategic Research Institute
13. voda 14 februari 2020 15:13

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    ChelPipe Group Announces Operating Results for 2019
    
    Chelyabinsk Pipe Rolling Plant announced its operating results for the 12 months ending December 31, 2019. ChelPipe Group Pipe and tube division CEO Mr Boris Kovalenkov said “In 2019, ChelPipe Group delivered robust growth in shipments of tubular products. The Company strengthened its position as the largest LDP manufacturer in the Russian market while also continuing to expand its international presence, with exports hitting a 25-year high. In response to increased competition, ChelPipe Group is taking a number of steps to boost operational efficiency and put the customer at the heart of the transformed business model, in line with the Company’s 2024 strategy. Over the next five years, we will focus on strengthening our customer proposition, primarily in the high added value segments; developing services and integrated engineering solutions; a smoother customer experience; and diversifying our sales channels. Delivering in these areas will give us a significant competitive edge over our Russian and international peers, and strengthen ChelPipe Group’s appeal as a long-term partner for our clients.”
    
    FY 2019 highlights
    
    In FY 2019, ChelPipe Group shipped a total of 2,070 kt of pipes to customers (up 8% YoY)
    
    A key growth driver was an increase in export shipments to 736 kt, or 36% of all shipments
    
    Shipments to the Russian market totalled 1,334 kt
    
    Large-diameter pipe shipments reached 916 kt (up 33%), strengthening ChelPipe Group’s position as the largest LDP manufacturer in the Russian market
    
    Oil country tubular goods shipments increased by 3% to 469 kt
    
    Shipments of pipes with ChelPipe Prime threaded connections rose by 23%, driven by stronger demand from Russian customers
    
    Shipments of trunk pipeline division products increased by 17% to 21.3 kt
    
    Sales of tubular products through the online store increased by 160%
    
    Outlook for 2020 - ChelPipe Group expects robust demand for pipe products from both Russian and international customers. Volumes are expected to remain flat vs 2019. The Company will focus on further delivery against its strategic priorities of improving operational efficiency, enhancing the customer experience and streamlining the customer proposition, as well as gradually gaining market share in adjacent segments and entering new geographies.
    
    Source : Strategic Research Institute
14. voda 14 februari 2020 15:15

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    Severstal Installs Automatic Emission Monitoring Systems
    
    Severstal is installing automatic systems for recording emissions of pollutants into the air in coke-agglomerated production at the Cherepovets Metallurgical Plant. Severstal Russian Steel division GD Evgeny Vinogradov said “The goal of installing an automatic exhaust gas composition control system is the operational management of sintering technology in sintering workshops No. 2 and 3. The specialists intend to do this by measuring online concentrations specific to the production of iron ore sinter substances and technological parameters. Currently, these parameters are controlled by instrumental methods by employees of a specialized organization GorMash-Yul LLC.”
    
    The new equipment includes the installation of gas analyzers, dust meters, sensors for determining the flow rate of the air-gas mixture and other related equipment on eight operating CherMK sintering machines. Collection, processing of information and data transfer will be carried out by special software.
    
    The event to install automatic control systems in the sinter plants of CherMK is part of the national project "Ecology". It is included in the comprehensive plan of measures to reduce emissions of pollutants into the air in the city of Cherepovets for 2019-2024.
    
    Source : Strategic Research Institute
15. voda 17 februari 2020 16:52

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    Kone stapt uit overnamestrijd rond liftentak Thyssenkrupp
    
    Gepubliceerd op 17 februari 2020 16:21 | Views: 299
    
    ArcelorMittal 16:33
    15,99 -0,03 (-0,21%)
    
    ESSEN (AFN/BLOOMBERG) - De Finse liftenfabrikant Kone stapt uit de overnamestrijd rond de liften- en roltrappendivisie van Thyssenkrupp. Het Duitse staal- en industrieconcern gaat de onderhandelingen rond het onderdeel voortzetten met twee groepen van bieders. Eind januari werd door bronnen nog gemeld dat Kone de hoogste bieder was voor de liftentak.
    
    Thyssenkrupp gaat nu verder praten met een consortium van de investeringsmaatschappijen Blackstone en Carlyle en een Canadees pensioenfonds. De andere groep bestaat uit Advent International, Cinven en het staatsfonds Abu Dhabi Investment Authority. De verkoop van de liftendivisie van de onderneming uit Essen zou meer dan 16 miljard euro moeten opleveren.
    
    Thyssenkrupp wil snel een overeenkomst bereiken over een deal. Een beursgang van de liftentak blijft een optie voor het bedrijf als er geen deal wordt bereikt. Het zou de bedoeling zijn voor het einde van deze maand definitief de knoop door te hakken rond het onderdeel.
    
    Op de beurs in Helsinki viel het nieuws rond Kone slecht bij beleggers. Het aandeel ging meer dan 6 procent onderuit. Thyssenkrupp daalde ruim 2 procent in Frankfurt.
16. voda 17 februari 2020 18:34

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    Advent en Blackstone strijden om liftendivisie van ThyssenKrupp
    
    In de biedingenstrijd rond de liftendivisie van ThyssenKruppTKA €10,90-3,71% zijn twee gegadigden overgebleven: Advent en Blackstone, die elk in consortiumverband proberen het winstgevende bedrijfsonderdeel binnen te slepen. Dat heeft het Duitse industrieel technologieconcern maandag bekendgemaakt. 'Het doel is om snel overeenstemming te bereiken over een meerderheid of volledige verkoop', aldus een korte verklaring van ThyssenKrupp.
    
    'Als er geen overeenstemming kan worden bereikt met een bieder, blijft een beursgang een optie. Dit zou dan mogelijk zijn vanaf de vroege zomer', aldus ThyssenKrupp.
    
    In een reactie om de mededeling van zijn Duitse concurrent, besloot de Finse liftenproducent Kone, dat €17 mrd over had voor zijn branchegenoot, de handdoek in de ring te gooien, zo maakte het terstond in een verklaring bekend.
    Advent biedt samen met Cinven en een staatsfonds uit de Emiraten, de Abu Dhabi Investment Authority, op de Duitse liftenttak. Dit consortium moet opbieden tegen een consortium van Blackstone, Carlyle en het Canadese pensioenfonds CPP Investment Board.
    
    Dat de twee consortia de enige overgebleven partijen zijn die om de liftendivisie van ThyssenKrupp strijden, betekent ook dat private-equityfonds Brookfield Asset Management Inc. en de Singaporese investeringsmaatschappij Temasek Holdings zijn afgevallen.
    
    Overigens zou een overname door concurrent Kone op bezwaren kunnen stuiten van mededingingsautoriteiten in de Verenigde Staten en in de Europese Unie. Om dat risico te pareren, gingen de Finnen met investeringsmaatschappij CVC in zee. Het plan was dat CVC op zoek zou gaan naar gegadigden voor de Europese activiteiten om eventuele bezwaren uit Brussel weg te kunnen nemen.
    
    ThyssenKrupp, dat lange tijd als icoon gold van het Duitse industriële vernuft, beleeft turbulente jaren. Na een mislukte fusie met Tata Steel Europe en diverse bestuurscrises, vecht het concern te midden van de krimp die de industrie doormaakt, voor zijn voortbestaan. Martina Merz die een jaar geleden als ceo aantrad, zei vorige maand dat ThyssenKrupp zich in een 'extreem moeilijke situatie' bevindt en dat 'geen tijd te verliezen' is.
    
    fd.nl/ondernemen/1335097/advent-en-bl...
17. voda 19 februari 2020 19:13

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    Jindal Stainless Hisar Q3 Profit Falls on Surge in Imports
    
    Jindal Stainless (Hisar) Limited has reported a consolidated net profit of INR 80 crore for the quarter, a 11% decline from INR 94 crore yoy due to a steep surge in import of stainless steel in the market in the year 2019. However, company’s standalone net profit stood at INR 60 crore in Q3FY20 as compared to INR 55 crore in the corresponding period last yea, registering an increase of 10%. JSHL’s net revenue for the quarter under review came down by 2% at INR 2,191 crore. The Company reported an EBITDA of INR 210 crore. JSHL Managing DirectorMr Abhyuday Jindal said “As the industry continues to face the deluge of imports, margins still remain under pressure. Going ahead, we will enhance our overseas market footprint as we are exploring opportunities to expand customer base in new geographies along with development of a few new grades.”
    
    The company’s sales volume was recorded at 156,293 tonnes in this quarter and specialty products division that manufactures precision strips and coin blanks saw growth of 6% in sales volume during Q3 FY20.
    
    Source : Strategic Research Institute
18. voda 19 februari 2020 19:13

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    Revival Plan of Tuwairqi Steel Mills Opposed
    
    Pakistan Today reported that despite a strong lobby supporting the proposed revival plan of Tuwairqi Steel Mills Limited through an expected investment of around USD 700 million, the framework for the plan has recently been opposed by the federal cabinet. The framework, prepared by the Ministry of Industries and Production to promote direct reduced iron and revival of TSML, was earlier submitted to the Economic Coordination Committee, which later constituted a subcommittee for further evaluation. However, insiders claimed that the same was turned down in the cabinet’s meeting held in the last week of January after some officials of the concerned ministries had shown their reservations over the facilities being offered to the steel company in return of investment.
    
    TSML, in return of fresh investment in DRI, was seeking relaxation in duty on billets and subsidy on gas after three years of operation of the mills. According to documents, the government was going to introduce the incentives for new investors in the DRI sector which would ultimately benefit TSML, which had setup a DRI plant in Karachi.
    
    The Saudi firm had stopped work on the plant, set up at Bin Qasim, Karachi, over an area of 220 acres with 1.28 million tonnes per annum production capacity, after the Pakistan Muslim League-Nawaz government had refused to provide gas at a discounted rate. The mill’s DRI plant was eventually shut down for several months in 2014 due to the gas supply dispute.The TSML management had requested gas supply at PKR 123 per million British thermal units (mmbtu) in order to effectively operate the plant. However, the previous government refused, saying that this would amount to a subsidy of PKR 25 billion over five years.
    
    Source : Pakistan Today
19. voda 19 februari 2020 19:14

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    GMS Market Commentary on Shipbreaking in Week07 -Caught Cold
    
    After a rather positive start to the year, particularly for the rampant Indian market, subcontinent fundamentals have been reflecting weakened global shipping sentiments as declining steel plate prices and a diminishing demand on the back of a massive supply of vessels has suddenly ushered markets into negative territory. A plethora of Capesize Bulkers and Containers have been sold this year as yards in Alang and Bangladesh start to fill up after a frantic start to 2020. However, of late, the markets have lost about USD 25/LDT from the peaks of a few weeks ago and it seems as though most End Buyers are now content to wait-and-watch market developments, before committing on any of the number of available fresh candidates. Further troubling news on the Coronavirus from Wuhan that eventually affected ship recycling markets, emerged this week as it was announced in both India and Bangladesh that any ships with Chinese crew and / or last ports of call in China would be denied immediate entry, unless a period of quarantine is enforced onboard. In Bangladesh, this amounts to about 21 days from the last port of call and we have already heard of Doctors being dispatched to incoming vessels, in order to assess the crew before boardings can commence and vessels are allowed to beach.
    
    Thankfully some good news has been emerging from China in the past few days with reduced cases now being reported. Many cities remain on lockdown but most people are expected to filter back from their extended Chinese New Year holidays from next week onwards. So the likelihood is that this crisis will continue to run for some months, particularly with the number of international infection cases (and number of fatalities) still rising.
    Lastly, the ongoing situation continues to deteriorate in Turkey as fundamentals decline further, despite a growing local expectation that the current situation is expected to stabilize moving going forward.
    
    Source : Strategic Research Institute
20. voda 19 februari 2020 19:15

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    Steel production in Latin America falls 12% in December
    
    The Latin American association Alacero announced that in a market weakened by the loss of competitiveness and consumption, derived from the high cost of the domestic market and unfair competition, Latin America saw its production of crude steel in December fall by 12% compared to the same month of 2018, summarizing 4.499 million tonnes. The annual balance in Latin America was negative, with a result of 9% lower than that observed in 2018 (5.704 million tonnes). Brazil was primarily responsible for this figure (56%), followed by Mexico (30%), which registered its worst indicator in almost 4 years. Argentina also contributed (9%). This result contrasts with those of China that experienced an increase of 8% in its crude steel production in 2019 compared to 2018. In 2019, Chinese imports accounted for 25% of the total imported by Latin America, converting our region in the second recipient of its exports of rolled products. It should be noted that in Latin America the anti-dumping actions grew in the last quarter from 66 to 74, 50 of them against China.
    
    With the Chinese effect, the production of rolled steel, which directly impacts consumption, reached its lowest level in 3 years (3.598 million tonnes) in December with a total of 11% lower than December 2018, the fourth consecutive monthly decline. At the same time, the future outlook is uncertain from the coronavirus epidemic that could affect world trade, as the World Trade Organization warned. Latin America faces a process of economic contraction that weighs on the development of the industry and influences its productivity.
    
    Source : Strategic Research Institute