ArcelorMittal LU1598757687

Nieuws en info hier plaatsen (deel 4)

1. voda 5 oktober 2020 14:24

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 25 apr 2024

   • Aanbevelingen

     Ontvangen: 82021

     Gegeven: 20897

   •    Aantal posts: 364.440

   Continuous Bloom Caster Starts at Leoben Plant of Voestalpine
   
   A four-strand continuous bloom caster supplied by Primetals Technologies went into operation at its Leoben steel production plant in July. The new caster is the most modern of its type in the world and has been designed for digitalization. Fully automatic casting was possible right from the very start. The CC4 plant replaces the previous CC2 caster. In four-strand operation, it is designed to produce 950,000 tonnes per annum of the highest quality blooms. Primetals Technologies was responsible for the basic and detailed engineering, supply and construction of the equipment, and also supervised the commissioning. The continuous caster produces round blooms with a diameter of 230 millimeters as well as rectangular blooms with a cross-section of 270 x 360 millimeters; it has also been designed so that it can produce a 440 x 330 millimeter format. The plant processes rail steels, case-hardening steels, free-cutting steels, steels for seamless tubes, heat-treated steels, spring steels, cold headed and cold extrusion steels, tire cord steels, cold work steels, bearing steels and welding electrode steels.
   
   The continuous bloom caster is equipped with the DynaFlex hydraulic mold oscillator and LevCon mold level control. The combination of the Dynacs 3D secondary cooling system and the fully automated DynaGap 3D roll-gap control with Dynamic Soft Reduction in the strand-guiding system ensures blooms are cast with consistently high quality. The plant also has an online traversing strand stirrer with a traversing range controlled by Dynacs 3D. For loading and unloading the heat retaining boxes, a fully automatic crane has been planned with a connection to a production planning system for stock keeping. The scope of delivery also included special mechatronic packages and an integrated automation solution.
   
   voestalpine steel Donawitz GmbH is a subsidiary of the voestalpine corporation. It currently runs the world's most modern compact LD steel works in Leoben.
   
   Source : STRATEGIC RESEARCH INSTITUTE
2. voda 5 oktober 2020 14:25

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 25 apr 2024

   • Aanbevelingen

     Ontvangen: 82021

     Gegeven: 20897

   •    Aantal posts: 364.440

   Secondary Steel Players in India Report Oxygen Crisis
   
   Economic Times reported that India's secondary steel players are facing a shortage of industrial oxygen besides a sharp increase in prices, with several states diverting supplies to meet the demand from hospitals treating Covid patients. ET report quoted an official of secondary steel company in Maharashtra as saying that “We require around 25-30 Kgs of oxygen for each tonne of steel production. Now the district administrator has sent letters to oxygen suppliers to stop the supply to us, so we have reduced our production from 100% to 60%. Prices have also gone up by 700-1,000 per tonne. We understand medical is a priority, but we are forced to shut down our unit. Iron ore prices shot up, now oxygen prices are going up; this is a double whammy for us.”
   
   ET report also quoted Mukand Ltd Joint Managing Director Mr Suketu Shah as saying “We are facing a shortage of oxygen supply. There is no doubt that the oxygen requirements for medical use should be met. The logistics of the supply should be handled in such a manner that it can meet both the medical and industry needs.”
   
   A person representing Nashik Industries & Manufacturers' Association told ET "Several steel players in Nashik too are facing acute shortage of oxygen. However, as a breather, a day before, the collector of the district has sent a letter saying that the supply of oxygen will be restored for smaller companies soon.”
   
   Steelmakers require several kgs of oxygen in the steel melting process where oxygen reacts with impurities like carbon, silicon, phosphorus and sulphur in hot metal to produce steel. Steel players also use oxygen for ancillary services, like scrap cutting, dilution of certain elements and for other laboratory uses.
   
   Source : STRATEGIC RESEARCH INSTITUTE
3. voda 5 oktober 2020 14:26

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 25 apr 2024

   • Aanbevelingen

     Ontvangen: 82021

     Gegeven: 20897

   •    Aantal posts: 364.440

   Tata Steel Joins ResponsibleSteel
   
   lTata Steel has joined forces with global steel-making standards organisation ResponsibleSteel, giving customers and consumers even more confidence that the company is committed to reducing greenhouse gas emissions, as well as creating jobs and protecting communities. All of Tata Steel’s operations in 26 countries have signed up to ResponsibleSteel, the industry’s first globally-present standards and certification scheme for sustainability. Tata Steel is one of the largest steelmakers in the world to become a member.
   
   The move is a further demonstration to the company’s customers of its commitment to acting responsibly in all of its activities, from looking after its workforce to managing the environmental impact of its steelmaking operations, from respecting and supporting its local communities to greening its supply chain. Through this early membership, Tata Steel will be supporting the further development of the ResponsibleSteel standards used to guide the sector’s future actions.
   
   The announcement comes after Tata Steel outlined its future-facing strategy earlier this year that is already moving the company into the next era of manufacturing in the automotive industry. In the short-, medium- and long-term, Tata Steel is leading the way by focussing on three key pillars, namely: Electrification, autonomous driving and shared use; Digitalisation and service offering; and Sustainability.
   
   Source : STRATEGIC RESEARCH INSTITUTE
4. voda 5 oktober 2020 14:27

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 25 apr 2024

   • Aanbevelingen

     Ontvangen: 82021

     Gegeven: 20897

   •    Aantal posts: 364.440

   CSN to Restart Blast Furnace No 2 at Usina Presidente Vargas
   
   Brazilian media reported that Companhia Siderúrgica Nacional is preparing for a November restart of blast furnace No 2 at Usina Presidente Vargas mill in the city of Volta Redonda in southeast Brazil. CSN had announced the halting of BF No 2 on May 29. CSN's No2 furnace has the capacity to produce 1.5 million tonnes per year of crude steel, of a total output of 5.6 million tonnes per year at Presidente Vargas
   
   13 furnaces halted in Brazil after steel demand plummeted due to restrictions to curb the spread of Covid-19. Most steelmakers have now restarted their furnaces, but two of the largest, the No2 furnace at Presidente Vargas and Usiminas No2 blast furnace at Ipatinga in the state of Minas Gerais, are yet to be restarted.
   
   Source : STRATEGIC RESEARCH INSTITUTE
5. voda 5 oktober 2020 16:51

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 25 apr 2024

   • Aanbevelingen

     Ontvangen: 82021

     Gegeven: 20897

   •    Aantal posts: 364.440

   ArcelorMittal wil leningen aflossen
   
   Gepubliceerd op 5 oktober 2020 16:43 | Views: 117
   
   ArcelorMittal 16:30
   11,80 +0,25 (+2,15%)
   
   LUXEMBURG (AFN) - ArcelorMittal wil tot 1,5 miljard euro aan obligaties vervroegd aflossen. Dat maakte het staalconcern bekend.
   
   Het gaat om 500 miljoen euro aan leningen met een rente van 6,125 procent. Deze stukken zouden eigenlijk aflopen in 2025. Daarnaast wil ArcelorMittal voor maximaal 1 miljard euro terugkopen van de nog uitstaande 750 miljoen euro aan 3,125 procent-leningen met een looptijd tot januari 2022 en de uitstaande 500 miljoen euro aan 0,95 procent-obligaties die lopen tot januari 2023.
6. voda 6 oktober 2020 11:00

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 25 apr 2024

   • Aanbevelingen

     Ontvangen: 82021

     Gegeven: 20897

   •    Aantal posts: 364.440

   Beursblik: ING verlaagt koersdoel ArcelorMittal
   
   FONDS KOERS VERSCHIL VERSCHIL % BEURS
   ArcelorMittal
   11,858 -0,008 -0,07 % Euronext Amsterdam
   
   (ABM FN-Dow Jones) ING heeft het koersdoel voor het aandeel ArcelorMittal verlaagd van 18,00 naar 16,50 euro met handhaving van het koopadvies. Dit bleek dinsdag uit een analistenrapport van de bank.
   
   ING stelde daarin dat het staalconcern met de recente deal in de Verenigde Staten nog altijd groeipotentieel houdt via de goed renderende activiteiten in Mexico en Canada en de joint venture met Calvert.
   
   De transactie heeft volgens ING een positieve invloed op de winstgevendheid van ArcelorMittal, ontslaat het bedrijf van een aantal verplichtingen die daarmee van de balans verdwijnen en reduceert de jaarlijkse kasuitstroom met circa 400 miljoen dollar.
   
   Enerzijds ontving ArcelorMittal bij de verkoop van de Amerikaanse tak 1,4 miljard dollar in contanten en aandelen en anderzijds neemt Cleveland-Cliffs 2 miljard dollar aan verplichtingen over van Arcelor.
   
   Daarbij betekent de verandering in de bedrijfssamenstelling volgens ING ook een verandering in de strategie die gericht was op uitbreiding en nu meer op consolidatie mikt.
   
   Het aandeel ArcelorMittal noteerde dinsdag op een rood Damrak 0,3 procent hoger op 11,90 euro.
   
   Door: ABM Financial News.
   info@abmfn.nl
   Redactie: +31(0)20 26 28 999
   
   © Copyright ABM Financial News B.V. All rights reserved.
7. voda 6 oktober 2020 15:20

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 25 apr 2024

   • Aanbevelingen

     Ontvangen: 82021

     Gegeven: 20897

   •    Aantal posts: 364.440

   Tata Steel Europe Denies Reports of Port Talbot Sale to Jingye
   
   Fast Markets reported that Tata Steel Europe has strongly denied reports that it will sell its UK-based asset to Chinese steel giant Jingye. Tata Steel's spokesperson told Fastmarkets "We would like to clarify that this is speculative and untrue.”
   
   This weekend numerous reports appeared in the British press indicating that Chinese steel company Hebei Jingye Group had expressed interest in acquiring Tata Steel's flat steelmaking asset, Port Talbot.
   
   Tata Steel's Port Talbot steelworks, based in South Wales, is the United Kingdom’s largest steelmaker. It has a capacity to produce about 5 million tonnes per year of pig iron and 4.9 million tpy of crude steel. The asset manufactures hot-rolled and cold-rolled coil.
   
   Source : STRATEGIC RESEARCH INSTITUTE
8. voda 6 oktober 2020 15:21

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 25 apr 2024

   • Aanbevelingen

     Ontvangen: 82021

     Gegeven: 20897

   •    Aantal posts: 364.440

   Severstal Large-Diameter Pipes Used in Olympic Stadium in Egypt
   
   Russian steel giant Severstal has supplied large-diameter pipes for the construction of a stadium in the new capital of Egypt. Large diameter pipes were produced for Orascom Construction PLC. It is a leading global engineering and construction contractor focusing primarily on infrastructure, industrial and high-tech commercial projects in the Middle East, North Africa, USA and the Pacific for public and private clients. The group also develops and invests in infrastructure projects. LDP will be used as supports and vertical braces for the Olympic stadium.
   
   The batch of large-diameter pipes was delivered to the port of Alexandria and then by road to the new capital of Egypt. LDPs were made to order and have a length of up to 18.3 meters. Diameter is from 508 to 1422 mm, wall thickness is from 10 to 28 mm. LDP was produced at the Izhora Pipe Plant (ITZ, part of the Severstal Russian Steel division).
   
   Source : STRATEGIC RESEARCH INSTITUTE
   
9. voda 6 oktober 2020 15:22

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 25 apr 2024

   • Aanbevelingen

     Ontvangen: 82021

     Gegeven: 20897

   •    Aantal posts: 364.440

   ChTPZ Group Expandd its line of OCTG Threaded Connections
   
   ChTPZ Group has developed and mastered the production of a new type of high-tech C680 threaded connections with improved characteristics for oil country tubular casing. The development ensures the operability of the pipe under increased loads due to a more reliable connection when rotating in an oil well during running or cementing operations due to a higher limit make-up torque, and is also capable of make-up with Butress-type threaded connections. The new type of threaded connections has successfully passed factory and bench tests in a specialized laboratory. In the future, the ChTPZ Group will master the production of pipes with C680 threaded connections in the size range from 245 to 426 mm and will modify this development for use in the production of conductor pipes with a diameter of 508 mm or more.
   
   ChTPZ Group is developing its offer in promising segments of products with high added value. The new threaded connection will enable customers to optimize costs when operating in challenging oil and gas fields. The new development combines the best strength benefits of premium connections and the ease of use of standard threads
   
   ChTPZ Group develops versatile solutions for oil production in complex vertical, deviated and horizontal oil wells. Pipes with premium and semi-premium threaded connections have increased performance and are able to withstand combined loads: bending, stretching, compression, internal and external pressure. In the first half of 2020, ChelPipe Group supplied 220 thousand tons of OCTG pipes to consumers.
   
   Source : STRATEGIC RESEARCH INSTITUTE
10. voda 6 oktober 2020 15:22

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 25 apr 2024

    • Aanbevelingen

      Ontvangen: 82021

      Gegeven: 20897

    •    Aantal posts: 364.440

    NLMK Supplies Quend 700 Steel to Manufacturer of Beneficiation Equipment
    
    NLMK Group, a global steel company, has supplied a batch of Quend 700, its extra high-strength structural steel grade produced by NLMK Clabecq, to Navmash, Pneumatic Machine Building Company, for the production of beneficiation equipment. The Quend high yield strength plates are designed for lifting and hoisting equipment, truck chassis, handling equipment, trailers, and other applications where high structural strength is of critical importance.
    
    Pnevmash produces equipment for the mining sector, including a variety of grizzly screens used for separating raw materials by size. This type of equipment operates under sustained high loads coupled with constant vibration, which means the manufacturer has to place extra emphasis of the quality of the steel used.
    
    Source : STRATEGIC RESEARCH INSTITUTE
11. voda 6 oktober 2020 15:23

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 25 apr 2024

    • Aanbevelingen

      Ontvangen: 82021

      Gegeven: 20897

    •    Aantal posts: 364.440

    GMS Market Commentary on Shipbreaking in Week 40 - Reversal Territory
    
    After a stunning surge in the third quarter of the year that saw much of the losses incurred due to the pandemic reversed, the markets appeal' increasingly set for an upcoming correction in the near future. Pakistan is rapidly starting to fill up and news has filtered through about the formation of a Cartel in Bangladesh that is looking to peg prices at an acceptable, profit-making level for End Buyers - or at least the powerful Local Buyers who have formed the Cartel. Prices are starting to settle back down into the mid USD 300s/LDT on most decent vessels once again and levels in India are in the neighborhood of USD 25 - USD 30/LDT lower than its sub-continent competitors - the expectation being that they may secure their share of generally better priced HKC green tonnage.
    
    In Turkey, steel plate prices also softened further this week (albeit marginally), yet vessel prices were reportedly unaffected since the only tonnage that seems to be working of late is units intended for EUSRR based green recycling, whilst the remaining majority of non-EU approved yards remain famished for tonnage.
    
    Covid-19 cases continue to afflict the sub-continent and India (in particular) has been recording upwards of 100,000 infections per day, as hospitals fill up and authorities struggle to bring the deadly disease under control.
    
    The news that President Trump has contracted the virus may also see further volatility enter the markets, as a second wave sweeps across parts of Europe and the U.S., ahead of what is expected to be a difficult winter season.
    
    Finally, vessel take overs at various ports across the globe are becoming increasingly challenging, with stringent quarantine and entry rules limiting all but a handful of locations for vessel deliveries.
    
    Source : STRATEGIC RESEARCH INSTITUTE
12. voda 6 oktober 2020 15:25

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 25 apr 2024

    • Aanbevelingen

      Ontvangen: 82021

      Gegeven: 20897

    •    Aantal posts: 364.440

    Metalloinvest Supplying High Quality Steel for Bridge Construction
    
    Metalloinvest’s Ural Steel has shipped over 715,500 tonnes of steel for bridge construction to customers over the past five years. In the period of 2019-2020 alone, the plant’s products were supplied for the manufacture of metal bridge structures for iconic projects, such as the Bolshoi Moskvoretsky bridge, with a length of 554m; a bridge over the Pur river in Yamal, which is over 1km long; a mountain bridge on the Yenisey river; a bridge over Amur; a bridge over the Belaya river; bridges over the Amgun, Zeya, Om, Tuloma, Neman, Bolshaya Salym, Uda and Kyzyl rivers; construction of the first stage of the Samara bridge; and bridges over the Ob and Sheksna rivers.
    
    Ural Steel maintains the title of the leading Russian manufacturer and supplier of high-quality steel for bridge construction due to its constant attention to customer needs, consistent work on product quality and development of new solutions.
    
    The customers of Metalloinvest's steel for bridge construction are leading manufacturers of metal structures, such as Voronezhstalmost, Kurganstalmost, Mostostroy-11, Mostostroyindustriya, ZMK Most and others.
    
    Source : STRATEGIC RESEARCH INSTITUTE
13. voda 6 oktober 2020 15:25

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 25 apr 2024

    • Aanbevelingen

      Ontvangen: 82021

      Gegeven: 20897

    •    Aantal posts: 364.440

    HYBRIT’s Next Step Receives Support from Swedish Energy Agency
    
    The Swedish Energy Agency has decided to contribute SEK 22 million in support to HYBRIT, SSAB’s, LKAB’s and Vattenfall’s joint initiative for fossil-free steel, for a comprehensive feasibility study. The study is part of the work on the planned demonstration plant, which is an important link in the development of an overall fossil-free steel value chain. The pilot plant for the hydrogen direct reduction of iron ore started operation in Lulea on 31 August. Preparations will now start on scaling up the tests further on an industrial scale in a demonstration plant. The Swedish Energy Agency has now granted HYBRIT Development AB part financing of SEK 22 million for a study to establish the prerequisites for the demonstration plant. Among other things, the study will shed light on design, plant design, choice of technology, logistics solutions and not least, location.
    
    Since the process and concept are both complex and extensive, to imitate the industrial process as much as possible and among other things to determine the choice of technology requires a so-called demonstration to be carried out.
    
    The plan is to start building the demonstration plant in 2023 and the goal is to start operating the plant in 2025. The idea is to be able to demonstrate full-scale production with a capacity of just over one million tonnes of iron a year. This is about a fifth of LKAB’s total processing capacity in Malmberget and approaches half of the production capacity of SSAB’s blast furnace in Luleå. The goal is to be the first in the world, already in 2026, with a fossil-free steel value chain.
    
    Source : STRATEGIC RESEARCH INSTITUTE
14. voda 6 oktober 2020 15:26

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 25 apr 2024

    • Aanbevelingen

      Ontvangen: 82021

      Gegeven: 20897

    •    Aantal posts: 364.440

    Moody's Confirms JSW's Ba2 Ratings; Outlook Negative
    
    Moody's Investors Service has assigned a Ba2 rating to the proposed senior unsecured notes to be issued by Periama Holdings LLC, a wholly owned indirect subsidiary of JSW Steel Limited (JSW, Ba2 negative). The outlook on the rating is negative. Moody's Vice President and Senior Credit Officer Kaustubh Chaubal said "The proposed notes are backed by an unconditional, irrevocable corporate guarantee from JSW up to 125% of the notes' face value, and rank pari passu with the company's existing senior unsecured debt. As a result, they are also rated at the same level as JSW's Ba2 corporate family rating.”
    
    Proceeds from the issuance will be routed to JSW through the repayment of an intercompany loan and are expected to be used to repay existing indebtedness at JSW and for general corporate purpose.
    
    Proforma the proposed bond, JSW's leverage, as measured by debt/EBITDA, will increase to 6.9x as of June 2020 from 6.5x without the bond, although the increase in leverage maybe lower to the extent the company applies the bond proceeds towards debt reduction. Looking ahead, improving economic conditions in India will drive a reduction in the company's leverage to 6.4x by March 2021, the metric will remain in breach of its 4.5x downgrade trigger for its Ba2 CFR, supporting the negative outlook on the rating.
    
    The Ba2 CFR reflects JSW's large scale and strong position in its key markets, competitive conversion costs, resulting from its efficient operations and use of the latest furnace technology, as well as good product and end-market diversification, given its increasing focus on value-added products and retail sales.
    
    Moody's expects steel consumption in India (Baa3 negative), JSW's key operating market, to contract by at least 15% in the fiscal year ending March 2021 (fiscal 2021) because of weak automotive and manufacturing demand amid the pandemic, even as economic activity slowly resumes in Q3 fiscal 2021 and infrastructure investments rise.
    
    JSW should be able to restore its metrics to appropriate levels by fiscal 2023, considering its relatively strong business profile, brand strength and technological capabilities, which will help it sustain above-average profitability. However, the possibility of second or third waves of virus infections or deeper economic costs than expected pose downside risks to this recovery forecast.
    
    The ratings also consider JSW's exposure to the inherently cyclical steel industry, its limited, although improving, raw material integration, its large capital expenditure needs in India, and its loss-making international operations, which will limit free cash flow generation over the next two years.
    Source : STRATEGIC RESEARCH INSTITUTE
15. voda 7 oktober 2020 07:45

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 25 apr 2024

    • Aanbevelingen

      Ontvangen: 82021

      Gegeven: 20897

    •    Aantal posts: 364.440

    Brussel legt nieuwe tarieven tegen dumpen staal op
    
    Gepubliceerd op 7 oktober 2020 07:40 | Views: 0
    
    ArcelorMittal 06 okt
    11,94 0,00 (0,00%)
    
    BRUSSEL (AFN/BLOOMBERG) - De Europese Unie heeft voor een periode van vijf jaar nieuwe tarieven opgelegd voor platgewalst roestvrij staal uit China, Taiwan en Indonesië. Dit moet het dumpen van staal uit deze landen op de Europese markt tegengaan.
    
    De heffingen, die oplopen tot 19 procent, bestraffen Chinese, Taiwanese en Indonesische exporteurs, omdat ze naar verluidt staal onder de kostprijs in de Europa hadden verkocht. De nieuwe tarieven treden donderdag in werking.
16. voda 7 oktober 2020 09:20

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 25 apr 2024

    • Aanbevelingen

      Ontvangen: 82021

      Gegeven: 20897

    •    Aantal posts: 364.440

    Vakbond eist staatshulp voor ThyssenKrupp
    
    IGMetall, de Duitse industriebond, wil dat de overheid het noodlijdende industrieconcern ThyssenKrupp financieel te hulp schiet. Detlef Wetzel, een vroegere voorzitter van de machtige vakbond, die nu namens het personeel in de toezichthoudende raad bij het concern zit, heeft dat volgens Handelsblatt dinsdag verklaard bij een persconferentie in Essen.
    
    'Wij kijken in de afgrond', stelde Wetzel. Hij wil dat de regering van de deelstaat Noordrijn-Westfalen en de regering van bondskanselier Angela Merkel ThyssenKrupp helpen naar het voorbeeld van Deutsche Lufthansa en het toeristische concern TUI, die miljarden kregen om de coronacrisis te overleven.
    
    Armin Laschet, de minister-president van Noordrijn-Westfalen, liet dinsdag nog voor de persconferentie begon weten dat er geen plannen zijn voor een deelname door de deelstaat in het aandelenkapitaal van ThyssenKrupp. Peter Altmaier, minister van economische zaken in Berlijn, voelde evenmin voor een overheidsparticipatie: 'Ik geloof niet dat een nationalisatie op dit moment het juiste antwoord is.'
    
    fd.nl/economie-politiek/1359613/vakbo...
17. voda 7 oktober 2020 14:06

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 25 apr 2024

    • Aanbevelingen

      Ontvangen: 82021

      Gegeven: 20897

    •    Aantal posts: 364.440

    Icra Sees Post COVID19 Recovery in Indian Steel Industry
    
    India SteelPTI reported that rating agency Icra said that India’s domestic steel industry is witnessing early green shoots of recovery from the second quarter of ongoing fiscal. Icra said “The domestic steel industry is witnessing early green shoots of recovery from Q2 FY2021, supported by easing of mobility restrictions and a gradual improvement in the domestic demand environment. Consequently, the performance of steel mills, especially blast furnace players, is expected to register a healthy rebound in Q2, supported by rising capacity utilisation rates, successive steel prices hikes, and tepid input costs. Towards the later part of July-September FY21, the domestic steel industry surpassed the average capacity utilisation level of 77 per cent.”
    
    The outbreak of COVID-19 pandemic and the subsequent nationwide lockdown had severely affected demand and production of steel in the country, leading to rise of inventory levels. Due to the poor market conditions, steel players were forced to reduce their capacity utilisation and look for export markets to adjust their produce.
    
    Source : STRATEGIC RESEARCH INSTITUTE
18. voda 7 oktober 2020 14:07

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 25 apr 2024

    • Aanbevelingen

      Ontvangen: 82021

      Gegeven: 20897

    •    Aantal posts: 364.440

    German Minister Rules out Nationalisation of Thyssenkrupp
    
    Reuters reported that Germany has downplayed hopes for a state bailout of the ailing steel unit of loss-making conglomerate Thyssenkrupp. Germany’s Economy Minister Peter Altmaier said “I do not believe that nationalisation is the right response at the moment. Such a step would not solve the sector’s problems. Instead, steelmakers needed to develop future-proof business models, which the government would then be prepared to support financially.”
    
    The comments came shortly after Germany’s most powerful union IG Metall called on the German government to take a stake in the business, which has been badly hit by the fallout from the coronavirus crisis. IG Metall treasurer and Thyssenkrupp’s deputy supervisory board chairman Mr Juergen Kerner had said “Thyssenkrupp Steel cannot make it on its own. Union is open-minded with regard to the possible stake size. It is now the time for Armin Laschet, state premier of Thyssenkrupp’s home state North Rhine-Westphalia, to step forward and take a stance.”
    
    Source : STRATEGIC RESEARCH INSTITUTE
19. voda 7 oktober 2020 14:07

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 25 apr 2024

    • Aanbevelingen

      Ontvangen: 82021

      Gegeven: 20897

    •    Aantal posts: 364.440

    CBI files FIR against Usha Martin
    
    Central Bureau of Investigation has filed a first information report against Usha Martin and its officials. Usha Martin informed BSE “This is to inform you that the Central Bureau of Investigation has filed a first information report on 2nd October 2020 in Delhi and NCR, against, inter alia, our Company, our Managing Director, Mr Rajeev Jhawar and certain other individuals, for alleged offences under the Prevention of Corruption Act, 1988 and the Indian Penal Code, 1860. CBI officials visited our office in Delhi on 3rd October 2020 in connection with the above.”
    
    Usha Martin added “The matter is under investigation and we shall fully cooperate with the CBI and other law enforcement agencies, under appropriate legal advice. We shall also update the stock exchanges in the event any material development takes place in this matter.”
    
    Source : STRATEGIC RESEARCH INSTITUTE
20. voda 7 oktober 2020 14:08

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 25 apr 2024

    • Aanbevelingen

      Ontvangen: 82021

      Gegeven: 20897

    •    Aantal posts: 364.440

    Severstal Supplies Steel for Nuclear Icebreaker
    
    PJSC Severstal has produced and supplied rolled metal for the construction of the head nuclear-powered icebreaker of Project 10510, LK-120Ya, code Leader. The construction of the nuclear-powered ship began at the Zvezda shipyard in Bolshoy Kamen, which is operated by Rosneft. The ship will become the most powerful nuclear-powered ship in the history of world shipbuilding. This project, which is the most difficult from a technical point of view, has no analogues in the world. Its key task is to provide year-round navigation of the commercial fleet along the Northern Sea Route. The Leader project will become the backbone of the new generation of Russian icebreaker fleet.
    
    Severstal supplied several types of rolled metal products for the project: these are high-strength steels of grades A40 and D40, as well as high-strength steels and improved weldability with a guarantee of resistance to layered breaks D500W and E500W. Employees produced a full range of rolled products with a thickness of 11 to 48 millimeters.
    
    The steels were smelted in the steel-making industry of the Cherepovets Steel Works. Since the beginning of the development of this product in 2015, the division has implemented a number of investment projects aimed at improving the quality of production of strip shipbuilding assortment. For example, a new ladle furnace was commissioned to improve the out-of-furnace treatment of such steels. As part of the procedure for obtaining a certificate of manufacturer's recognition, the technology for the production of shipbuilding steel with increased strength and improved weldability with a guarantee of resistance to layered ruptures with the "Arc" index was confirmed, used for any structural elements without temperature restrictions in possible thicknesses up to 70 mm,
    
    Metal rolling, heat treatment and subsequent coating with shop primer were carried out in the subdivisions of the Kolpino industrial site of Severstal - at mill 5000 of the flat-rolling shop for the production of tubular products and SMTs-Kolpino.
    
    For the prompt delivery of products to a client in the Far East, the company's specialists applied a number of effective logistics solutions. So, the order was first shipped on inclined platforms. Previously, this delivery format was used only for strip assortment. This approach required training and preparation for loading and unloading operations both for the employees of SMC-Kolpino and the Zvezda shipbuilding complex. At the same time, dispatchers and logistics managers of Severstal provided round-the-clock tracking of trains, monitoring the status and location of wagons with products. This made it possible to deliver on an ambitious schedule, in just 20 days.
    
    The length of the new nuclear-powered ship will be 210 meters, width 47 meters, draft 13 meters. The icebreaker Rossiya will be equipped with two RITM-400 nuclear reactors, four turbines and four propeller motors. The total capacity of the icebreaker's power plants will be 120 MW, which will allow the ship to overcome ice more than 4 meters thick at a speed of 2 knots. With an ice thickness of 2 meters, the icebreaker's speed will be up to 12 knots.
    
    Source : STRATEGIC RESEARCH INSTITUTE