Nieuws en info hier plaatsen (deel 4)

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CMC to Close Rancho Cucamonga Steel Mill in California in December

San Gabriel Valley Tribune reported that Commercial Metals Co plans to close its steel mill in Rancho Cucamonga by year’s end. CMC spokeswoman Ms Susan Gerber said the operation at 12459 Arrow Route will wind down by December 30. She didn’t say how many layoffs would ensue. She said “Such actions are difficult to make as they impact the lives of dedicated employees. However, this decision was made due to the increasingly high cost of doing business in California and excessive regulatory environment imposed by the state.”

Texas-based company initially announced the closure in a March 19 earnings call with investors, although a date for the shutdown of CMC Steel California was not given at the time.

The Rancho Cucamonga operation has changed hands twice over the past decade. CMC bought the plant, along with 33 rebar fabrication facilities and six other steel mills, for USD 600 million from Gerdau, a Brazilian company, in November 2018. Gerdau bought it from TAMCO Steel in 2010 for about USD 165 million.

Source : STRATEGIC RESEARCH INSTITUTE
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Metalloinvest Ships Iron Ore Pellets to ThyssenKrupp from New Terminal in Ust-Luga

Metalloinvest has made the first export shipment from the new terminal built by Ultramar at the Ust-Luga port, located in the Leningrad region. MV CL BEIJING, a Panamax class vessel carrying 71,200 tonnes of pellets for ThyssenKrupp Group, left the port on 14 October. The dispatching involved the commissioning of specialised port equipment for cleaning, employing conveyor delivery from the warehouse area to the docking area and using a specialised ship-loading machine equipped with a cascade descent to ensure careful handling of iron ore raw materials.

The dispatching of the first large vessel was preceded by a trial shipment of several batches of HBI, during which the systems and equipment of the new terminal were tested. HBI transhipment at the terminal is carried out using an innovative technology involving the use of specialised containers and a crane with a 52-tonne capacity, the only one of its kind in Russia, equipped with a revolver-type spreader.

Under the contract with Ultramar, effective from 1 October 2020, the new terminal will handle 2.5 million tonnes of pellets and HBI from Metalloinvest annually.

Ultramar Terminal has completed the construction of the cargo port terminal in an unprecedentedly short timeframe for Russia, despite the current coronavirus restrictions. In just over year, the main construction works of the water area and the Panamax docking area were completed, along with the installation of a unique handling crane, a specialised ship-loading machine, a technological line for cleaning and transporting pellets, and the construction of a powerful rear terminal for the delivery of cargo from rail transport, equipped with storage facilities for ship batches.

Source : STRATEGIC RESEARCH INSTITUTE
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Canada Makes Duty Determination on Corrosion Resistant Steel Imports from Turkey, UAE & Vietnam

Canada Border Services Agency terminated the dumping investigation with respect to certain corrosion resistant steel sheet originating in or exported from Turkey by Borcelik Sanayi Ticaret AS and originating in or exported from the United Arab Emirates by Al Ghurair Iron & Steel LLC, as they did not have margins of dumping. The CBSA also terminated the subsidy investigation with respect to certain corrosion resistant steel sheet originating in or exported from Turkey by Atakas Celik Sanayi ve Ticaret AS, Borçelik and Tatmetal Celik Sanayi Ve Ticaret AS and originating in or exported from the United Arab Emirates and Vietnam by all exporters, as there was no subsidizing or the amounts of subsidy were insignificant. On the same day, the CBSA has made a final determination of dumping concerning certain corrosion resistant steel sheet originating in or exported from Turkey, the United Arab Emirates and Vietnam, and a final determination of subsidizing with respect to certain corrosion resistant steel sheet originating in or exported from Turkey.

The subject goods are usually classified under the following tariff classification numbers 7210.30.00.00; 7210.49.00.10; 7210.49.00.20; 7210.49.00.30; 7210.61.00.00; 7210.69.00.10; 7210.69.00.20; 7212.20.00.00; 7212.30.00.00; 7212.50.00.00; 7225.91.00.00; 7225.92.00.00 & 7226.99.00.10

The Canadian International Trade Tribunal is continuing its inquiry into the question of injury to the domestic industry and will make an order or finding by November 16, 2020.

The subject goods are defined as Corrosion resistant flat rolled steel sheet products of carbon steel including products alloyed with the following elements
Boron (B) not more than 0.01%
Niobium (Nb) not more than 0.100%
Titanium (Ti) not more than 0.08% or
Vanadium (V) not more than 0.300%
In coils or cut lengths, in thicknesses up to 0.168 in. (4.267 mm) and widths up to 72 inch (1,828.8 mm) with all dimensions, with or without passivation and/or anti fingerprint treatments, originating in or exported from the Republic of Turkey, the Socialist Republic of Vietnam, and the United Arab Emirates, and excluding
Corrosion-resistant steel sheet products for use in the manufacture of passenger automobiles, buses, trucks, ambulances or hearses or chassis therefor, or parts thereof, or accessories or parts thereof
Steel products for use in the manufacture of aeronautic products
Steel sheet that is coated or plated with tin, lead, nickel, copper, chromium, chromium oxides, both tin and lead, or both chromium and chromium oxides
Stainless flat-rolled steel products
Corrosion-resistant steel sheet products that have been pre-painted, including with lacquers or varnishes, or permanently coated in plastic
Ggalvanized armouring tape, which is narrow flat steel tape of 3 in. or less, that has been coated by a final operation with zinc by either the hot-dip galvanizing or the electrogalvanizing process so that all surfaces, including the edges, are coated
Perforated steel
Tool steel

Source : STRATEGIC RESEARCH INSTITUTE
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IG Metall Demands State Involvement in Thyssenkrupp

World Socialist Web Site reported that last Friday, the IG Metall trade union and works council at Thyssenkrupp Steel Europe brought over 3,000 steelworkers to a rally at the North Rhine-Westphalian state parliament in Düsseldorf. Held in the midst of a surge in the coronavirus pandemic, the action was aimed at persuading the state government to take a financial stake in the industrial group’s ailing steel sector and restructure it with billions of euros. IG Metall said that state involvement is nothing unusual at all in the steel industry, Lower Saxony has a stake in Salzgitter AG, the Saarland has long held shares in Saarstahl. IG Metall treasurer and deputy chairman of the supervisory board at Thyssenkrupp AG Jürgen Kerner said “If you look at the landscape of steel companies in Germany, participation by the state of NRW in Thyssenkrupp Steel is obvious, The state could secure the future of all employees, ensure climate protection and maintain Germany as an industrial location.”

In recent years, the union and works council at Thyssenkrupp have repeatedly ordered job cuts, wage cuts and speed-up to keep the shop running. In its report of the rally, the IG Metall union writes that the union took part in restructuring, made sacrifices and always worked hard. In March of this year, the works council and IG Metall agreed to the Collective Agreement on the Future Steel Pact 20-30, which provides for the elimination of 3,000 jobs and withholds wage increases from all 27,000 employees. This agreement is now just so much wastepaper.

Source : WORLD SOCIALIST WEB SITE
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21 October, Today is Steel Safety Day

21 October is Steel Safety Day, a day for worldsteel and its member companies to pause and dedicate their attention to the industry’s most important priority, the safety and health of its workers. Normally taking place on 28 April, aligned with the International Labour Organization’s World Day for Safety and Health at Work, but this year postponed due to the COVID-19 pandemic, Steel Safety Day reinforces awareness of the most common causes of serious safety incidents in the steel industry and contributes to creating a safer working environment worldwide. Each Steel Safety Day highlights a particular safety incident cause and special attention is given to raising awareness of how to prevent associated risks. This year, for the second consecutive year, Steel Safety Day focuses on process safety incidents.

In a normal year, members are encouraged to conduct a safety audit across their sites that focus on the year’s theme. Last year, 463,500 people from 820 sites worldwide took part in the audit. Nearly 976,000 employees and contractors work at sites involved in the audit. The audits of course require a heavy presence on the shop floor, which in 2020 would in itself clearly pose safety risks. Recognising that everyone will have to be flexible in their approach this year, we are asking all our members to do what they feel they can to review their process safety approaches.

Although it is quite right that managing COVID-19 be taken into account, the steel industry cannot and will not forget that the 'conventional' safety and health risks are still there. As such, today worldsteel recognises excellence in seven of its member companies for delivering demonstrable improvements in safety and health.

The recognised companies this year are:

For safety culture and leadership
Emirates Steel, United Arab Emirates – AMAN Safety Culture Transformation
POSCO, South Korea – The Safety Golden Bell Challenge
Tenaris, worldwide – Communication Routines

For occupational safety management
Outokumpu, Mexico – Hands Are Not Tools
Gerdau, North America – Red Zones

For occupational health management
Qatar Steel, Qatar – Heat Stress Programme

For process safety management
Tata Steel Ltd., India – Digitalisation of Process Safety Performance Indicators

Source : STRATEGIC RESEARCH INSTITUTE
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NLMK Clabecq Launches Rolling Mill Upgrade to Expand Plate Range

Leading Belgian producer of thin premium steel plates NLMK Clabecq has embarked on a 30 million euro project to upgrade its rolling mill, continuing to position itself as a key player in the thin-gauge steel plate market and in particular quenched and tempered steel plates. NLMK has succeeded in implementing the first part of its transformation plan launched in 2019. Operational improvements re-affirm the target of focusing on thin gauge and high strength plus abrasion resistant plates. Despite the challenges of the current COVID crisis on the steel market, NLMK is going ahead with the roll out of its development plan. The investments will allow the production of very thin plate in high strength ranges with better tolerances while reducing gas consumption and CO2 output. The NLMK Clabecq thin gauge product range allows customers to design lighter solutions that reduce life-cycle CO2 footprints.

The revamping of the rolling mill includes the installation of a new descaling system with two new descalers and the modernization of the four stand finishing mill, a unique layout for plate producers.

The investments will enable the mill to continue to position itself as a key player in the thin-gauge steel market and provide customers with best-in-class surface, flatness and dimensional tolerances for the QUARD and QUEND range of products. The modernization of the descaling system and the revamping of the Finishing Mill will be concluded in late 2021.

NLMK Clabecq is a major player in the niche markets of thin plates, abrasion resistant steels up to 550 HB Quard and steels with very high yield strength up to 1100 MPa Quend in thicknesses from 3.2 to 64 mm. These brands are especially popular with manufacturers of construction equipment and mining machinery.

Source : STRATEGIC RESEARCH INSTITUTE
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Dillinger Steel Plates Used in Hornsea One Offshore Wind Farm

With a capacity of 1.2 gigawatts, the British offshore wind farm Hornsea One is one of the largest in the world and is seen as a trailblazer in the energy transition. The wind farm builds on steel from Dillingen: Dillinger supplied approx. 99,000 tonnes of heavy plate for the monopile foundation structures.

Located 120 km off the east coast of the United Kingdom, Hornsea One is further from the mainland than any other offshore wind farm completed to date. The park contains a total of 174 7 megawatt wind turbines and covers an area of 407 square kilometers. And the dimensions of the wind turbines are also impressive: towering some 190 meters into the sky, with rotor blades that are 75 meters long and a rotor diameter of 154 meters, the wind turbines are larger in diameter than the London Eye Ferris wheel. Steel from Dillinger was used for the monopile foundation structures: The wind turbines stand in water depths of up to 40 meters on monopile foundations with diameters of up to 8.1 meters and a weight of 900 tons each. Dillinger supplied approx. 99,000 tons of thermomechanically rolled heavy plate steel for these turbines, in thicknesses ranging from 30 to 90 mm.

Source : STRATEGIC RESEARCH INSTITUTE
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Tenaris & Inner Mongolia Baotou Steel Form Premium Connection Threading JV in Baotou

Tenaris announced that it will form a joint venture with Inner Mongolia Baotou Steel Union Co Ltd to build a steel pipe premium connection threading plant to produce OCTG products in Baotou, China. Under the agreement, Tenaris will own 60% of shares in the new joint-venture company, while Inner Mongolia Baotou Steel will hold the remaining 40%. The new plant will cover an area of approximately 30,000 square meters. It will take between 12 and 18 months to construct; the target date for starting production is in the fourth quarter of 2021.

Tenaris Chairman and CEO Mr Paolo Rocca said “We very much recognize Baotou Steel’s industrial strength and are very pleased to form this partnership today. By combining our respective strengths and our commitment to industrial excellence, we believe that we can support the Chinese oil and gas industry with a world-class, high-quality OCTG product, 100% produced in China.”

Source : STRATEGIC RESEARCH INSTITUTE
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6 Hurt in Furnace Explosion at Ann Joo Steel at Perai in Malaysia

Local media reported that 6 workers of Ann Joo Steel Factory at Perai Industrial Park in the city of Seberang Perai in Penang state of Malaysia were injured on October 20, when the smelting furnace at the premises exploded and burst into flames sending plumes of smoke that were visible from Penang island. A team of 15 firemen from the nearby Perai fire station put the flames out in 15 minutes.

The cause of the fire and amount of losses were still being investigated.

Source : STRATEGIC RESEARCH INSTITUTE
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Tata Metaliks Reports Strong Recovery in Jul-Sep Quarter

Tata Steel subsidiary Tata Metaliks has reported a 250% jump in its net profit in uly-September 2020 quarter at INR 82 crore, as against net profit of INR 23.39 crore during the corresponding period last fiscal. The jump came on the back of increased supplies of pig iron and ductile iron pipes after a muted performance in the first quarter due to the lockdown. The company’s second quarter deliveries of pig iron grew 170%, while those of DI pipes grew 80% compared to the first quarter. The company clocked revenue of INR 520 crore in Q2, more than 71% of the revenue earned in the half-yearly period. For the half-yearly period, the company clocked revenue of INR 730 crore, while its net profit stood at INR 69.64 crore, an increase of 61% year on year.

In the first quarter, TML had reported a loss of INR 12.36 crore.

Source : STRATEGIC RESEARCH INSTITUTE
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Steel Scrap Use in H1 of 2020 Shrinks by 10% - BIR

For January-June 2020, total steel scrap use in the key countries and regions covered by Bureau of International Recycling Ferrous Division was 209.834 million tonnes, a 10.5% decrease from the 243.536 million tonnes for the same period of 2019. All the countries and regions recorded a year-on-year downtrend.

In the first six months of 2020, there was a 7.3% drop in China’s steel scrap usage for crude steel production to 93.75 million tonnes, as compared to 101.13 million tonnes for the same period in 2019. However, Chinese steel scrap consumption of 52.22 million tonnes in the second quarter of 2020 was 25.7% higher than the 41.53 million tonnes consumed in the first quarter. These figures confirm that China remained the world’s largest steel scrap user during the period under review.

Also in the first half of 2020, steel scrap usage for crude steel production dropped in the EU-28 by13.3% to 39.812 million tonnes, the USA by 18.9% to 20.2 million tonnes, Russia by 7.3% to 14.551 million tonnes, Japan by 19.8% to 14.294 million tonnes and the Republic of Korea by 8.3% to 13.569 million tonnes).

Meanwhile, Turkey reported a steel scrap usage decrease of 4.3% to 13.658 million tonnes, with the reduction in scrap-intensive electric furnace production of minus 4.3% to 11.419 million tonnes, being slightly more pronounced than the drop in the country’s crude steel production of minus 4.1%. The first six months of 2020 brought a 7.8% year-on-year upturn in Turkey’s overseas steel scrap purchases to 9.009 million tonnes, confirming the country’s position as the world’s foremost steel scrap importer.

Conversely, a steep drop in overseas purchases was recorded by the Republic of Korea, the world’s third-largest steel scrap importer of 33.5% to 2.414 million tonnes. Declines were also reported by the USA of 12.7% to 1.982 million tonnes, the EU-28 by 9% to 1.367 million tonnes and Russia by 59.7% to 0.211 million tonnes. Data for India, the second-largest steel scrap importer, Pakistan, Taiwan, Indonesia, Canada, Malaysia, Mexico and Belarus are not available at the time of writing.

The first half of 2020 brought a 10.7% decline in the EU-28’s overseas shipments to 9.776 million tonnes but it nevertheless remained the world’s leading steel scrap exporter during the period under review. The first six months of 2020 also brought a fall in US overseas steel scrap exports of 2.3% to 8.401 million tonnes. Russia’s overseas steel scrap shipments were also lower during the same period by 7% to 2.172 million tonnes. In contrast, Japan’s overseas shipments of steel scrap soared 38.2% to 4.884 million tonnes in the first half of 2020.

Source : STRATEGIC RESEARCH INSTITUTE
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Iran Reports 9% YoY Increase in Steel Production in 6 Months

Iranian media reported that Iranian steelmakers produced a total of 25.39 million tonnes of semi-finished and finished steel products during the first half of the current fiscal year, March 20-September 21 2020, to register a 9.16% YoY increase. According to the Iranian Steel Producers Association’s latest report, semis accounted for 14.39 million tonnes of the total output, up 10% YoY. The output of finished steel increased by 8% YoY to 11 million tonnes

Iran’s Ministry of Industry, Mine and Trade has compiled comprehensive program for producing 55 million tonnes of crude steel in 2021 Outlook Plan in cooperation with steel manufacturers of the country.

Source : STRATEGIC RESEARCH INSTITUTE
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Steel Dynamics Reports Third Quarter 2020 Results

Steel Dynamics Inc announced third quarter 2020 financial results. The company reported third quarter 2020 net sales of USD 2.3 billion and net income of USD 100 million. Company's third quarter 2020 adjusted net income was USD 108 million. Comparatively, prior year third quarter net sales were USD 2.5 billion, with net income of USD 151 million, Sequential second quarter 2020 net sales were USD 2.1 billion, with net income of USD 75 million. SDI President and Chief Executive Officer Mr Mark D Millett said "The team delivered a solid performance despite the continued challenges created by the coronavirus pandemic. We continue to operate safely, provide ongoing customer support, and strengthen our capital foundation. The domestic steel demand recovery has been strong, with automotive representing the most meaningful improvement and construction continuing to be resilient. Flat roll steel spot prices rebounded during the third quarter, as customer inventory levels were extremely low and demand steadily improved. We expect to see continued price strength and customer demand throughout 2020 and into 2021.”

For the nine months ended September 30, 2020, net income was USD 363 million with net sales of USD 7.0 billion, as compared to net income of USD 550 million with net sales of USD 8.1 billion for the same period in 2019.

Outlook "The domestic economy is recovering from the shock of COVID-19 although it is still difficult to know the full extent of its eventual impact. However, we are currently seeing a solid recovery in domestic steel demand. The automotive sector has seen the strongest improvement, and the construction sector has remained resilient. We are seeing pent up demand, as steel service center inventories were extremely low and still remain low compared to historical norms. Energy remains the weakest end market.”

Source : STRATEGIC RESEARCH INSTITUTE
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BHP Update on Iron Ore Production in July-September 2020 Quarter

BHP announced that total iron ore production increased by eight per cent to 66 million tonne (74 million tonne on a 100 per cent basis). Guidance for the 2021 financial year remains unchanged at between 244 and 253 million tonne (276 and 286 million tonne on a 100 per cent basis).

WAIO achieved higher volumes reflecting record production at Jimblebar and strong performance across the supply chain. An uplift in car dumper reliability and performance has been enabled by the BHP Operating System and improved maintenance strategies. The ongoing program to improve productivity and provide a stable base for our tightly coupled supply chain has progressed well with the completion of a planned major maintenance campaign on car dumper three during the September 2020 quarter. Production in the December 2020 quarter is expected to be impacted by Mining Area C and South Flank major tie-in activity, and maintenance on car dumper four, scheduled to align with the tie-in activity.

Mining and processing operations at Samarco remain suspended following the failure of the Fund§o tailings dam and Santar6m water dam on 5 November 2015. Restart can occur when the filtration system is complete and Samarco has met all necessary safety requirements, and will be subject to final approval by Samarcos shareholders.

BHP and the Banjima people have established a Heritage Advisory Council to provide input into mine planning at South Flank. The consultation process continues in parallel with our construction program at South Flank, which remains on schedule.

Source : STRATEGIC RESEARCH INSTITUTE
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Beursblik: aantrekkende winstgevendheid ArcelorMittal verwacht

FONDS KOERS VERSCHIL VERSCHIL % BEURS
ArcelorMittal
12,484 0,03 0,24 % Euronext Amsterdam

(ABM FN-Dow Jones) ArcelorMittal heeft in het derde kwartaal de winstgevendheid zien aantrekken na een dieptepunt in het tweede kwartaal. Dit bleek uit de analistenconsensus die het staalbedrijf zelf publiceerde in aanloop naar de kwartaalrapportage.

Gemiddeld rekenen 19 analisten die bijdroegen aan de voorspelling voor het derde kwartaal op een EBITDA van 838 miljoen dollar.

In het tweede kwartaal behaalde ArcelorMittal een EBITDA van 707 miljoen dollar en dat was in de eerste drie maanden nog 967 miljoen dollar. In het derde kwartaal van 2019 zat de staalreus op 1.063 miljoen dollar.

"De eerste zes maanden van het jaar, en dan met name het tweede kwartaal, was de meest moeilijke periode in de geschiedenis van het bedrijf", zei CEO Lakshmi Mittal in een toelichting op de laatste halfjaarcijfers in juli. De corona-uitbraak zorgde voor een enorme terugval in de vraag naar staal, aldus de topman.

Maar er waren ook tekenen van herstel volgens Mittal, "met name in de regio's waar de lockdowns zijn opgeheven". De CEO wil nu kijken welke structurele veranderingen nodig zijn om in de komende jaren van een vraagherstel te kunnen profiteren. Meer details van eventuele kostenbesparingen volgen bij de jaarcijfers.

"De rest van het jaar zal, zonder twijfel, uitdagend blijven, maar ik geloof dat we goed voorbereid zich om de productie te verhogen en om te profiteren van een verbetering van de vraag als die zich voordoet", blikte Mittal in juli vooruit.

ArcelorMittal maakt op 5 november de kwartaalcijfers bekend.

Door: ABM Financial News.
info@abmfn.nl
Redactie: +31(0)20 26 28 999

© Copyright ABM Financial News B.V. All rights reserved.
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New Excess Material Auction Platform Vanilla Steel Emerges During COVID19

Vanilla Steel has launched a new e-auction platform designed for European steel suppliers. While the COVID-19 pandemic has hit the global economy hard, the EUR 170 billion European steel industry has fallen into a state of emergency. Already facing a global overcapacity of 500 million tonnes prior to the coronavirus, steel suppliers are under pressure to reinvent themselves in a market full of uncertainty with low demand. COVID-19 has accelerated the need for digital sales channels for steel that reduce the cost of selling as well as the cost of inventory. Yet not everyone is capable of building their own proprietary digital solution. Vanilla Steel helps steel suppliers, producers & stockists to sell their excess material to a network of trustworthy steel professionals through online auctions published by suppliers. In addition, Vanilla Steel also enables them to market their free production capacity.

The customers of Vanilla Steel are steel producers and processors in Europe that generate excess material and are looking to efficiently sell this highly illiquid and difficult-to-price material. Excess material has no price tag attached by definition. Vanilla Steel helps suppliers to find a fair market price through online auctions. Every week, sellers can publish material and be matched with buyers that offer bids above their minimum prices. Vanilla Steel provides the details of the winning bidders to the suppliers and the transaction is finalized directly between the supplier and buyer on the pre-agreed terms.

A broad variety of excess material can be found on Vanilla Steel: overrollings, excess prime and semi-finished products with no customer order as well as declassified material that can be further processed. Stockists also use Vanilla Steel for inventory management purposes to sell slow moving material.

Vanilla Steel is a managed e-auction platform for excess material in Carbon and Stainless Steel. The company is headquartered in Berlin and is managed by its 4 co-founders, Matthias Affeldt, Alexis Ducros, Clifford Ondara & Simon Zühlke, that combine 50 years of digital experience and are passionate about solving existing challenges in the European steel industry through digitalization.

Source : STRATEGIC RESEARCH INSTITUTE
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Care Rating Highlights Indian Steel Industry Recovery in Q2

Care Rating in latest report said that Indian steel industry has staged strong recovery in the last few months on the back of improving domestic demand. Steel consumption grew by 96% in September 2020 quarter compared to June 2020 quarter. Production of crude steel rose by 59% QoQ in Q2FY21. The industry also managed to significantly lower the YoY fall in Q2 FY21, signalling return of normalcy in the sector. Crude steel production fell by just 7% YoY in the September 2020 quarter, compared to 43% YoY fall in the June 2020 quarter. Consumption of steel also fell by 11.4%, much lower than 52% YoY fall registered in the preceding June quarter.

The lockdown in the months of April and May had crippled domestic demand and steel players were forced to look at export markets to keep their inventory in-check. The finished steel exports as a percentage of total finished steel production peaked during April-August 2020 to average 21% compared to 8% in the corresponding period of FY20 and 6% during the same period in FY19.

However, with the unlocking of the economy from June 2020 onwards, domestic demand staged a strong V-shape recovery and exports declined gradually. A pick up in domestic demand from the infrastructure activities, pipe and tubes manufacturing, automobiles, and consumer durables sector ahead of the festive season has led to increased steel consumption and higher restocking demand.

Capacity utilisation levels of crude steel improved with the unlocking of the economy and recovery in demand both domestically and internationally. After a sharp drop in April 2020 to 26.5%, capacity utilisation rate of crude steel returned to 72.8% in September 2020, down by just 2.8% from year- ago level of 75.6%. However, the recovery has been more pronounced for larger players while smaller steel companies have seen uneven recovery during the first half of FY21 due to their weaker financial flexibility. The top five integrated steel companies account for 60% of the total steel production and were able to gain further market share during this period.

On a cumulative basis (April-September 2020), production of crude steel and finished steel is down by 22% and 26%, respectively and consumption of finished steel is down by 30.6% compared with the corresponding period of FY20.

Source : STRATEGIC RESEARCH INSTITUTE
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Chhattisgarh CM Approves Steel Plants at Dantewada in Bastar

PTI reported that on Dantewada Sarpanch Sangh’s request, Chhattisgarh Chief Minister Mr Bhupesh Baghel agreed to set up of 4 to 5 major steel plants in Bastar for development of the region, including employment for local youth.

After hanging over the memorandum which sought steel plans on 500 acres of available land in Ghotpal-Heeranar area of Geedam block, the delegation told Baghel that no land acquisition from farmers would be needed to set up the plants. The delegation said iron ore found in Bastar was transported to other areas. Establishing major plants in Dantewada, Kanker, Kondagaon and other places would lead to jobs for locals.

The delegation of the Sarpanch Sangh submitted a memorandum to the CM at his official residence here, seeking that new industries be established in the Bastar region.

Source : STRATEGIC RESEARCH INSTITUTE
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Landing AI Unveils Visual Inspection Platform LandingLens

Landing AI, a company that empowers customers to harness the business value of AI by providing enablement tools and transformation programs, unveiled LandingLens, an end-to-end visual inspection platform specifically designed to help manufacturers build, deploy, and scale AI-powered visual inspection solutions. LandingLens is purpose-built to address a wide array of diverse use cases in manufacturing. Unlike other point solutions, like data labeling or edge deployment, Landing AI’s platform provides end-to-end capabilities and includes everything customers need to move from collecting data to getting an AI system up and running in production.

Features

Defect and Data Management: A robust data preparation module helps customers improve efficiency and produce more accurately labeled data, resulting in better performing models in less time.

Model Iteration: Training and evaluation tools enable users to rapidly develop a deployment-ready model.

Continuous Learning: Inference and monitoring modules allow users to scale their AI solutions by enabling them to deploy production-ready models to the edge with ease, while continuously monitoring those deployments from a central location.

Benefits

Reduced Project Lifecycle: Reduces the AI project development life cycle time by up to 67%.

Cost reduction: Reduce the overall AI development and deployment costs by up to 60%

Improved Accuracy: Improves accuracy of Machine Learning models through more accurately labeled data

Scaling: Enable users to effectively scale to multiple production lines across many factories

Visual inspection is a widely used method in manufacturing for processes like defect identification and assembly verification. While this has generally been performed by human workers and traditional rule-based machine vision, more and more companies are turning to AI to automate and enhance their visual inspection operations given the accuracy, flexibility and low cost that the technology brings. AI adoption in manufacturing has been slow to take off, with just 5% of manufacturers reporting that they have clearly defined AI strategies at work. While working with manufacturing leaders to transform their operations, the team at Landing AI identified the need for a verticalized AI platform.

Source : STRATEGIC RESEARCH INSTITUTE
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Modernization Boosts Coiled Rod Output at Alfa Acciai

Danieli has completed a successful modernization of the spooler line for Bar Mill 2 at Alfa Acciai in Brescia in Italy, implementing for the first-time simultaneous coiling of small-diameter rods by two coilers as part of a single line. The upgrade allows the steelmaker to increase its production of coiled rod products, in line with current market demand, and also results in a significant improvement to the characteristics and mechanical properties of the finished coils. The project involved a complete renewal of the mill automation system as well as some new equipment to direct both strands of the split rolling mill to the two coilers. Bar Mill 2 has been equipped with Danieli EWR billet-welding capability since 2004, joining two billets to produce a spooled coil weighing about 3 tons. For small-diameter products produced by twin split rolling, four billets are needed to obtain two 3-ton coils.

Prior to this modernization, just one strand of the split rolling line fed the spooler line and the alternate strand delivered material to the cooling bed as straight bars. Following the modernization, it is possible for both strands to feed two coilers, simultaneously. As a result, Alfa Acciai will increase spooled bar output from 50% to 80% of hourly production and reduce straight bar output to 20% of the total.

Source : STRATEGIC RESEARCH INSTITUTE
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Vertraagd 25 nov 2020 17:35
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Volume gemiddeld 6.958.014
Volume gisteren 11.125.368

Brussel real time stocks quotedata by Euronext. Other real time EU stocks, by Cboe Europe Ltd.; US stocks by NYSE & Cboe BZX Exchange, 15 min. delayed
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