ArcelorMittal LU1598757687

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1. voda 16 februari 2021 15:09

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   Erdemir Reports Results for 2020
   
   Turkey’s biggest steel producer Erdemir Group produced 24% of Turkish crude steel in 2020. The group’s earnings before interest, taxes, depreciation and amortization EBITDA increased by 25.2% in 2020. The company made a profit of 3.31 billion TRL in the full year of 2020. Sales of the company were 32.05 billion TRL throughout 2020.
   
   Production 2020
   
   Flat Products - 7.266 million tonnes up 0.1% YoY
   
   Long Products - 0.992 million tonnes down 3.3%YoY
   
   Iron Ore and Pellet - 2.137 million tonnes up 10.3% YoY
   
   Sales 2020
   
   Flat Products - 7.489 million tonnes up 3.3% YoY
   
   Long Products - 1.006 million tonnes down 4.8% YoY
   
   Iron Ore and Pellet Sales - 2.031 million tonnes 4.6% YoY
   
   Source - Strategic Research Institute
2. voda 16 februari 2021 15:10

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   ERG Kazchrome Sets Ferroalloys Production Record in 2020
   
   Eurasian Resources Group subsidiary TNC Kazchrome JSC has achieved a new production record. In 2020, its 25th anniversary year, Kazchrome manufactured 1.84 million tonnes of ferroalloys, which is a 1.7% increase from the already high base of 2019.
   
   Over the past quarter of a century, Kazchrome manufactured around 31.2 million tonnes of ferroalloys in total, having a strong and highly diversified customer base which included leading stainless steel producers in China, Japan, Southeast Asia, the USA, and the EU. In 2020 alone, more than 1.7 million tonnes of ferroalloys were exported.
   
   Source - Strategic Research Institute
3. voda 16 februari 2021 17:18

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   2021 outlooks remain positive despite some Chinese uncertainties .
   
   Apparent steel consumption outlooks for 2021 remain positive at the moment, but many
   market observers are waiting to understand how the sentiment of the Chinese steel
   market will be after the ongoing New Year's holidays. In 2020 overall the global steel
   market was mainly supported by the strong demand of the Chinese market. This year the
   trend should reverse and most global regions will see important jumps in demand, while
   Chinese sentiment should cool down slightly.
   
   ArcelorMittal last week issued its latest apparent steel consumption outlook for the global
   markets. The group expects global demand to grow 4.5-5.5% year-on-year, after a
   contraction of some -1% y-o-y in 2020.
   
   "Economic activity progressively improved during 2H 2020 as lockdown measures
   eased. Following a prolonged period of destocking, the global steel industry is now
   benefiting from a favorable supply demand balance, supporting increasing utilization as
   demand recovers," ArcelorMittal said.
   
   The biggest recovery for apparent steel consumption should be seen in the US, where
   this year it is expected to jump 10-12% y-o-y, after a contraction of some -16% y-o-y in
   2020. In Europe ArcelorMittal expects the recovery to be of 7.5-9.5% y-o-y after a
   contraction of -10% y-o-y last year. This outlook is somewhat less positive than that
   issued last week by Eurofer, expecting apparent demand in the continent to rebound
   13.3% y-o-y after a slump of -13% y-o-y in 2020.
   
   Other key areas of expansion in 2021 will include India, where apparent demand should
   jump 16-18% y-o-y after the drop of some -17% y-o-y last year. China is expected to
   continue registering growth, but the recovery pace should slow down to 1-3% y-o-y in
   2021 after a staggering recovery of 9% y-o-y in 2020, ArcelorMittal noted.
   
   IREPAS - Irepas, the global rebar exporters and producers association, also issued a
   relatively positive outlook for 2021 last week. “2021 looks very likely to be a year of
   rebound, a year of multilateral boosts to the global resurrection, with less political
   uncertainty,” Irepas says. “It is highly likely that demand will be good this year. However,
   we will not be seeing the same spread during the rest of the year that we are currently
   observing in this first quarter, since we have been reading that furnaces are being fired
   up one after the other.”
   
   All eyes are on China’s return after the Lunar New Year holiday, and whether it will boost
   exports. Irepas hopes China will lower post-holiday production, or else the price increase
   for raw materials will be maintained. As for trade barriers and political uncertainty, 2021
   so far seems to be potentially a calmer year for the steel market. Section 232 duties are
   likely to stay for now, but there is still hope that trade barriers will be torn down for good
   allies of the US. The new administration has common sense rather than “…tweeting
   nonsense” like the previous one did, Irepas comments.
   
   Bron Kallanish.
4. voda 17 februari 2021 08:14

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   Lecce Court Directs ArcelorMittal to Shut Hot End at Taranto
   
   La Republica reported that Lecce Regional Administrative Court directed Italy's largest domestic flat producer ArcelorMittal Italia on February 13 that it should shut within 60 days all hot end operations at its Taranto plant to curb emissions. . The decision was made in order to prevent emissions from the plants and to protect the health of local citizens. The hot area includes the plant's blast furnaces, mineral storage areas, the coke plant, the steel mill, the area for managing steel materials, and the agglomeration area.The decision was a surprise and to which the company, backed by the plants' unions and by industry associations, has said it quickly appealed to Italy's Council of State. Sources said it is possible the Council of State in the next couple of days temporarily suspend the court order.
   
   The national unions of metalworkers Fim, Fiom and Uilm have expressed extreme concerns "The start of the stop will result in the gradual and irreversible destruction of the plants involved, the blocking of all rolling production due to lack of steel, the suspension of all remediation operations and planned environmental reconversion investments. There would also be safety risks for the company and the total blocking of production at the plant, would result in a fatal blow to the steel industry.”
   
   This ruing if not overturned, coud derail implementation of an agreement signed last December, under which the Italian state will assume a 50% share in the management of the llva facilities through an investment of EUR 400 million. During a second phase, starting from 2022, when Invitalia will inject another EUR 680 million into the company, the agency's stake will rise to 60%. ArcelorMittal will also invest up to EUR 70 million, to retain a 40% shareholding. Production should increase from last year's 3.3 million tonnes to 5 million tonnes in 2021 and to 8 million tonnes in 2025
   
   With limited existing availability of coils in the European market, this crisis could aggravate HR shortages in Italy.
   
   Source - Strategic Research Institute
5. voda 17 februari 2021 08:16

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   Rio Tinto, Paul Wurth & SHS on Make Low Carbon Iron in Canada
   
   Rio Tinto, Paul Wurth SA and Stahl Holding Saar GmbH & Co have signed a Memorandum of Understanding to explore the production of a low carbon steel feedstock. This partnership brings together a leading global miner, an international leader in the design and supply of engineering solutions for integrated steelmakers and one of Europe’s best known steelmakers. The partnership will explore the viability of transforming iron ore pellets into low carbon hot briquetted iron, a low carbon steel feedstock, using green hydrogen generated from hydro electricity in Canada.
   
   The parties will conduct a feasibility study into the potential development of industrial scale low-carbon iron production in Canada, utilising the combined expertise of the three partners across the entire steel value chain. The feasibility study is scheduled for completion in late 2021, with an investment decision on a hydrogen based direct reduction plant at industrial scale expected to follow thereafter.
   
   Iron Ore Company of Canada, in which Rio Tinto holds a majority interest, will supply high-grade iron ores and expertise in mining, processing and pelletising. Paul Wurth brings expertise in plant building and process knowledge in the field of highly efficient hydrogen generation and Midrex direct reduction plants. SHS brings deep iron and steel making expertise.
   
   Rio Tinto’s significant presence in the Canadian provinces of Quebec and Newfoundland and Labrador makes Canada a natural location for the project. Canada provides access to cost competitive hydro-electricity, and proximity to key markets in Europe and North America. Transforming high-grade iron ore pellets into a low-carbon steel feedstock using green hydrogen, when processed in an electric arc furnace with carbon free electricity, has the potential to reduce significantly the carbon emissions associated with steelmaking.
   
   Source - Strategic Research Institute
6. voda 17 februari 2021 08:17

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   MMK Metalurji Sets Production Record for HDG Products in Jan’21
   
   January 2021 saw the hot dip galvanizing line at the MMK Metalurji site in Dortyol in Turkey churn out 42,316 tonnes of products, an absolute record for any MMK Group unit. In total, two hot dip galvanizing lines at MMK's Turkish sites in Dortyol and Dilovasi produced 78,613 tonnes of hot dip galvanized products in January which is a record monthly volume for MMK Metalurji.
   
   The record-breaking achievement at MMK's hot dip Continous Galvanizing Line in Dortyol has been facilitated by improvements to the unit's technical equipment, where engineering solutions have helped increase line speed. In addition, the 2019-2020 modernisations of the galvanizing lines brought about a new product line with a stripe thickness of up to 4 mm GI, and coatings of up to 600 grams per square meters.
   
   MMK Metalurji is a modern metallurgical complex based in Turkey. Since 2011, PJSC MMK owns 100% of MMK Metalurji shares. The Turkish site includes an electric steel shop with ? casting and rolling unit, a cold rolling mill, and a metals service centre with a hot dip galvanizing unit and two polymer coating units in Iskenderun, in addition to a metals service centre with a hot dip galvanizing unit and two polymer coating units in Istanbul. The complex in Iskenderun also includes a seaport capable of receiving vessels with a displacement of up to 100,000 tonnes. In 2020, MMK Metalurji's sales grew by 2.8% to 741 thousand tonnes.
   
   Source - Strategic Research Institute
7. voda 17 februari 2021 08:18

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   Mr Baur Apointed as Chief Restructuring Officer of BENTELER Group
   
   Mr Michael Baur has been appointed as Chief Restructuring Officer of the BENTELER Group with effect from February 11, 2021. The experienced manager will strengthen the Executive Board of BENTELER International AG as its third member and will support the operational implementation of the restructuring process. Dr Arno Haselhorst, who previously held the position of CRO, will leave the company. The experienced restructuring manager was appointed to the Executive Board of the BENTELER Group as CRO in June 2020. Since this time, he has successfully stabilized the confidence of more than 100 financing partners and important customers in the future of the company.
   
   Mr Baur, Managing Partner of the consulting firm AlixPartners, is an experienced management consultant and manager specializing in financial and operational reorganizations and transformations. He has led numerous restructuring and performance improvement projects for mid-sized companies and large corporations. AlixPartners has many offices around the world and is therefore ideally positioned to support the upcoming measures internationally.
   
   During the next phase of the transformation, the focus will be on the operational implementation of the restructuring measures already in place. These primarily include initiatives to improve earnings, a focused product range and targeted investments in growth areas and core markets.
   
   Source - Strategic Research Institute
8. voda 17 februari 2021 08:18

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   Ms Tatyana Averchenkova Appointed NLMK Lipetsk Managing Director
   
   Russian steel giant NLMK Group announced the appointment of Ms Tatyana Averchenkova to the position of NLMK Lipetsk Managing Director. Prior to the appointment, Ms Tatyana served as NLMK Group Vice President for Operational Efficiency. Ms Tatyana has acquired a unique set of professional and leadership skills in the course of her 20 years with NLMK. Mr Vyacheslav Vorotnikov, who has held the position of NLMK Lipetsk Managing Director since 2019, will be taking on the role of adviser to the CEO.
   
   Ms Tatyana has been with NLMK Group since 2001. She held the position of Controlling Director and senior positions in the Strategy department. Since 2016, Ms Tatyana has been Vice President for Operational Efficiency. It is under her leadership that NLMK Production System was developed, one of the key tools for implementing NLMK Group’s strategy. Ms Tatyana is a member of NLMK Group’s Management Board. Ms Tatyana Averchenkova graduated from Lipetsk State Technical University with a degree in Economics and Management.
   
   Source - Strategic Research Institute
9. voda 17 februari 2021 08:27

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   Alro Steel Expands Toledo Ohio Warehouse
   
   Alro Steel Toledo announced the completion of a warehouse expansion and office remodel. The facility located at 3003 Airport Highway in Toledo in Ohio in US was increased in size to 123,000 square feet. The expansion includes additional metal processing capabilities, double the storage capacity for sheet product inventory as well as increased plate and long products. Alro is focused on next day processing with fast delivery to Ohio customers.
   
   Alro Steel was founded in 1948 by brothers Al and Robert Glick. The company is a distributor of metals, industrial supplies, and engineering plastics. Alro is focused on offering cut-to-size metals and plastics with next day delivery to over 25,000 customers in North America. Alro operates over 70 locations in 12 states and provides a broad inventory of products under the following companies: Alro Steel, Alro Metals, Alro Metals Outlet, Alro Industrial Supply, and Alro Plastics.
   
   Source - Strategic Research Institute
10. voda 17 februari 2021 08:27

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    TMK ARTROM Produces 1 Million Tonnes of Seamless Pipes
    
    The Pipe Metallurgical Company TMK has produced a million tonnes of seamless steel pipes on the CPE pipe rolling unit, one of the main production facilities of the TMK-ARTROM plant, located in the city of Slatina in Romania and a part of TMK. The Cross Piercing Elongator tube rolling mill with a capacity of 100 thousand tonnes of pipes was installed in Slatina in 2007 in record time and began production nine months after the start of the investment program. It is designed for the production of seamless pipes for general use, which are used in the energy, automotive, construction and other industries.
    
    Since 2007, pipes made with the Cross Piercing Elongator unit have been delivered to 400 customers in more than 40 countries around the world. The company has invested more than 40 million euros in its modernization - investments were directed to the introduction of additional equipment to improve the quality of products.
    
    Source - Strategic Research Institute
11. voda 17 februari 2021 08:29

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    thyssenkrupp Schulte Celebrating 125 Years of Inventions
    
    The versatile benefits and uses of steel in the age of industrialization were recognized by Mr Heinrich August Schulte at the end of the 19th century. By founding a small steel trading business in Dortmund on February 5, 1896, the young entrepreneur laid the foundation for today's thyssenkrupp Schulte GmbH. 125 years later, the company is Germany's biggest materials distribution and service provider with around 3,200 employees. The best example of this is the digital transformation, which is driven forward in a holistic and integrated manner within the company and further developed on the basis of individual customer needs. Digital solutions such as customer portals, web shops and apps are seamlessly integrated into the omnichannel strategy. Technical innovations such as the data analytics platform "alfred" for the ideal coordination of supply flows or the independently developed IIoT platform "toii" for greater efficiency of processing lines help to understand customer needs even better and optimize processes. In addition, thyssenkrupp Schulte is systematically continuing its "Materials as a Service" strategy with the expansion of its service business. Customers are offered integrated solutions along the entire value chain – from designing supply chains to taking over complete warehouse and inventory management.
    
    The fact that thyssenkrupp Schulte is also setting a new industry-wide standard in logistics is demonstrated by the materials distributor's new logistics center in northern Germany, which is scheduled to go into operation in May 2021. In the future, goods will be guided to the truck during loading and unloading. In addition, driverless transport systems will be used throughout the warehouse area. The optimized material flows and logistics processes will enable productivity to be increased significantly. "alfred" and "toii" are also used at the new site and ensure highly efficient processes in order processing.
    
    These and many other initiatives already give an idea of where thyssenkrupp Schulte's innovative journey may lead in the coming years and decades.
    
    Materials such as steel, stainless steel and nonferrous metals have become indispensable in the construction, automotive and industrial sectors. They are an integral part of numerous everyday objects and make the body of a car safer, agricultural machinery more robust, viewing platforms more spectacular, cranes and excavator shovels more stable, or canteen kitchens and cafeterias shinier.
    
    Source - Strategic Research Institute

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12. voda 17 februari 2021 08:29

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    OVAKO Unveils New Environmental Product Declarations
    
    Ovako has published a set of new Environmental Product Declarations to provide customers with independently audited environmental footprints for its specialty steels. The EPDs cover the full environmental impact, including the carbon footprint of hot-rolled steel bar from Ovako’s Hofors, Imatra, and Smedjebacken and Boxholm, Smebox, mills. These declarations are based on a life cycle analysis of hot-rolled bar from the cradle to the gate. They take account of all the recycled scrap and alloying elements, transport, energy and waste products in the production process, and include all yield losses to final product.
    
    As an early adopter of sustainability initiatives in the specialty steel world, Ovako first published climate declarations in 2017 that describe the company’s carbon footprint. The new environmental declarations evaluate and present six different environmental aspects. Ovako can also offer this information to customers for each specific product purchase, based on alloy variants and further processing.
    
    The international EPD system is a global program for Environmental Product Declarations that presents independently audited life-cycle environmental impacts of products.
    
    Source - Strategic Research Institute
13. voda 17 februari 2021 08:30

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    US Army Grant to Penn State for High Grade Steel 3D Printing
    
    Researchers in the Penn State College of Engineering received USD 434,000 from the United States Army to develop additive manufacturing, or 3D printing, techniques for high strength steels and alloys. Through this project, Palmer, the principal investigator of the project, and Amrita Basak, assistant professor of mechanical engineering and co-principal investigator, plan to expand the use of these materials in ways that will both save costs and increase utility by using additive manufacturing. The laser based directed energy deposition L-DED additive manufacturing process, which builds a component layer by layer and fuses them together with a laser, could allow engineers to design more intricate pieces. However, the properties of the steel and the printing process to create them need to be better understood and controlled. The researchers will specifically study a wire-fed manufacturing process, which introduces the source material compressed into a wire, as opposed to a powder. The researchers suggest this method could increase cost-effectiveness by producing fewer wasted materials.
    
    Combined with the abilities of the faculty and students, the laboratories at Penn State such as the Materials Research Institute, the Applied Research Laboratory, Center for Innovative Materials Processing Through Direct Digital Deposition and the Center for Innovative Sintered Products provide the researchers with the ability to push the current boundary of additive manufacturing. While a large part of the project will be using computer modeling to test and refine the parameters of the printing process, with these on-campus facilities, the team will not be limited to solely creating simulations. The researchers plan to manufacture large-scale components to provide impactful experimental data.
    
    High strength and hardness steels are a class of materials that are well suited for and currently used in many defense-relevant applications, such as personal armor, armored vehicles, specialized facilities for blast and ballistic protection and marine ship hulls. While high grade steel is well suited for these uses, the material is difficult to manufacture traditionally.
    
    Source - Strategic Research Institute
14. voda 17 februari 2021 08:32

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    Algerian Qatari Steel DRI Unit Enters Production Phase
    
    The Algerian-Qatari Steel Company announced that, after the successful completion of the initial and final stages of experiments, the Direct Reduction Unit has entered the stage of exploitation. The direct reduction unit is the beating heart of the compound with a production capacity of 2.5 million tonnes annually of both cold and hot reduced iron. This unit supports the rest of the factory units that have been received one by one since the ship entered the actual production stage in October 2017.
    
    This highly developed American technology MIDRX allows the production of high-quality reduced iron with a purity of more than 94%. It also allows reducing the production cost through energy saving and preserving the environment. The production capacity of this unit is estimated at 7500 tonnes per day, with an average operating rate of 8,000 hours per year.
    
    The direct reduction unit is a very important addition to the various other ten industrial units located in the Ballara iron and steel complex, similar to the three rolling units, two electric furnaces units, lime production unit, industrial gas production unit, raw materials receiving unit, water treatment unit and electric power transmission station.
    
    Source - Strategic Research Institute
15. voda 17 februari 2021 08:41

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    Severstal Announces IT & Digital Investment Program in 2021
    
    Russian steel maker Severstal will spend RUB 9.1 billion on IT and digital projects in 2021. In 2021, Severstal will significantly change the company's IT process model and organizational structure. At the moment, the key process change is the continuous work with the client to create a joint product. In this regard, in January 2021, four new client teams were created, responsible for the development of Severstal's business in their functional area. The teams focused on generating and developing new initiatives, promoting digital tools in business units, as well as managing implementation projects that contribute to additional production growth.
    
    On October 1, Severstal will host a productive launch of the SAP S 4 HANA system, which will replace the current ERP generation - SAP ECC. This is one of the company's largest transformation projects in the past decade. In addition, in 2021, Severstal's IT function plans to implement more than 200 implementation projects of various scales. The largest of them traditionally lie in the field of production, sales and logistics. In terms of supply chain management, customer models of sales, internal logistics, and mid-term planning of production assets will be implemented. Other significant projects include the further development of the online store, the replication of the MES system at the enterprises of the hardware group and the implementation of an engineering data management system.
    
    Within the framework of Severstal Digital, the Center for Artificial Intelligence and Machine Learning was created, which includes a data analysis department and a computer vision department, the architecture and development team was expanded, and support for solutions was introduced 24/7. In 2021, in the field of digital projects, specialists will continue the trend towards improving the energy efficiency of industrial equipment, as well as increasing the productivity of key units. In particular, the Karelsky Okatysh is currently testing a model that will save energy on the roasting machines. In addition, thanks to digital solutions, it is planned to increase production at the 2000 mill of the Cherepovets Iron and Steel Works (CherMK), as well as to significantly accelerate the heating of slabs in the sheet-rolling shop for the production of pipe rolling at CherMK. Recall In 2020, significant progress was made in the areas of energy efficiency and production growth, for example, Severstal implemented a solution based on artificial intelligence technology on the continuous pickling unit No. 3 of CherMK, which increased its productivity by more than 6.5%. In addition, a machine learning model for the automatic control of air compressors was successfully launched, which allows for more efficient use of electricity.
    
    Source - Strategic Research Institute
16. voda 17 februari 2021 08:42

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    POSCO Accords Worker Safety Highest Priority
    
    POSCO plans to implement 6 major safety measures. POSCO CEO Mr Jeong-Woo Choi emphasized once again that safety is prioritized over production and that safety is the top priority in all business activities this year. Mr Choi said “Safety should be guaranteed as the right of the employees Workers can request to cease operation if they are having difficulties securing safety or because of other physical or emotional factors. If production capacity is short because of the safety measures, employees should not be held responsible, but rather rewarded. We need to improve the system so that relevant departments can take immediate actions in case someone reports on safety issues. We must also make sure that safety related investments should be prioritized and executed promptly through fast track.”
    
    6 Safety Measures
    
    Establishing a safety first process
    
    Implementing the right to reject operation
    
    Setting up a safety report system
    
    Expanding safety smart infrastructure
    
    Improving safety management support for business partners
    
    Strengthening safety education for employees
    
    Accordingly, POSCO reaffirmed the policy of prohibiting all maintenance and repair work during facility operation, except in unavoidable cases, to put safety as the priority of steelworks production operation. In order to ensure the safety of workers, POSCO actively guided the right to stop work and allowed them to resume work after obtaining the consent of the workers.
    
    A new safety report system was also introduced so that all workers within the steelworks, including employees of partner companies, can make reports in real-time through an application if they are requested to work in unsafe environments or find elements that threaten their safety.
    
    Also, POSCO decided to further secure safety-related smart infrastructure. The company vowed to create sites without any safety blind spots with the supply of detachable “portable CCTV” and “Body Cam”. POSCO will also introduce “Safety Ball,” an item, which can identify the inside of a confined area before any operation.
    
    On February 1, the Cooperative Safety Support Section was also established to provide dedicated support for the safety management of partner companies. The Section is in charge of various tasks that include relieving risk factors of partner companies, supporting safety operations, and providing safety information.
    
    Safety training for POSCO employees will be further strengthened as well. The idea is to expand the use of safety UCC so that employees can easily understand safety rules on sites, conduct systematic training by external safety instructors, and foster risk management experts specializing in the steelworks process. POSCO will also establish a safety technology academy to support education programs that aim to improve safety capabilities.
    
    Source - Strategic Research Institute
17. voda 17 februari 2021 08:42

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    SAIL BSL Awarded Greentech Environment Award 2020
    
    The Pioneer reported that Stee Authority of India Limited’s Bokaro Steel Plant has been conferred with the prestigious Greentech Environment Award 2020 in the “Waste Minimization” Category by the Greentech Foundation. The award is a reflection of the efforts made by Bokaro Steel Plant in Waste Utilization including innovative work done in the field of LD slag, implementation of Zero Discharge Projects, utilization of BF slag and improvement in Environmental performance parameters, among others.
    
    Bokaro Steel Plant’s Environment Control Department had filed application on behalf of BSL in “Recycling & Waste Management Category” on 19th Aug, 2020. Presentation was done by AGM (ECD) Mr Nitesh Ranjan in front of Jury members on 27th Oct’20 and queries raised by jury members were handled by GM (Environment), Mr NP Srivastava. BSL was declared winner of “Greentech Environment Award 2020” on 28th Nov’20.
    
    Greentech Environment Awards is presented in recognition of responsible, innovative practices and initiatives towards achieving sustainable goals.
    
    Source - Strategic Research Institute
18. voda 17 februari 2021 08:43

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    EUROFER Sees 8% Rebound in EU Steel Tube Industry in 2021
    
    The European Steel Association EUROFER’s newly released Economic & Steel Market Outlook 2021-2022 said that “Production activity in the EUsteel tube industry has become more closely aligned with downstream sectors such as construction, automotive, the metal goods and mechanical engineering sectors. This declining trend was exacerbated dramatically by the outbreak of the Covid-19 pandemic in March 2020, resulted in an even steeper fall in steel tube output in the first and second quarter of 2020. During 2020, output in the EU steel tube industry was heavily impacted by the industrial lockdown that had hit the EU further to the COVID-19 outbreak. EUROFER assumes that provided that the pandemic fades around the third quarter 2021, the full year should see a moderate rebound. In fact, the outlook for demand for large welded tubes from the oil and gas sector is expected to remain very weak. Most important regional projects from which EU-based large welded tube producers could benefit have been put on hold and little progress was made over the past few months in solving the political and commercial issues hampering the completion of some specific pipeline projects. The recent collapse of global oil demand and oil prices, which struggle to recover around profitable levels, reinforces this difficulty.”
    
    EUROFER said “In fact, the demand outlook from the other downstream steel tube market segments is expected to remain fairly sluggish even after the return to normal business conditions. This will produce some positive effects on output from the second quarter of 2021, provided that the economic scenario will not deteriorate due to another external shock. Demand from the construction sector looks set to recover, whereas tube demand from the automotive and engineering sectors is forecast to remain rather weak, even if these sectors restore their production activity to high historical levels and supply chain disruptions are ultimately sorted out. Import pressure on steel tube markets in the EU will remain high, particularly for the commodity segment. Steel tube output is set to fall for the third consecutive year in 2020, at a much faster rate than in 2019 of minus 15.2% vs minus 0.3%. A rebound of 8.4% is foreseen for 2021, followed by growth of 5.1% in 2022.”
    
    Source - Strategic Research Institute
19. voda 17 februari 2021 08:45

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    NRW Bags Roper Bar Iron Ore Project Contract
    
    NRW Holdings has won an AUD123 million mining contract for the Roper Bar iron ore project in Australia from Nathan River Resources. The contract covers the stage 1 operations at the iron ore project located in the Roper Gulf region in Northern Territory. Stage 1 of the project will see a production of 4.6 million tonnes of direct shipping ore and 1 million tonnes of dense media separation at 1.5-1.8 million tonnes per annum over three years.
    
    The contract scope covers drill and blast, load and haul, top-soil and subsoil removal, clearing and grubbing, and rehandling of ore stockpiles. The contract will have duration of 33 months and will involve nearly 55 site-based personnel.
    
    Nathan River Resources, which is owned by British Marine Group, had acquired the Roper Bar Project in 2017 from Western Desert Resources. In May 2020, Nathan River Resources was granted further approval from the Northern Territory government to develop the next stage of the project. The Roper Bar iron ore project was commissioned last October, with first direct shipping ore exports commencing in the following month. Currently, ramp-up of its production is on the verge of completion, with the completion of four vessels.
    
    Nathan River Resources has an offtake agreement in place with Glencore for marketing and distribution of iron ore from Roper Bar.
    
    Source - Strategic Research Institute
20. voda 18 februari 2021 05:59

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    Thyssenkrupp en Liberty Steel niet eens over overname staaltak
    
    Gepubliceerd op 17 februari 2021 22:37 | Views: 1.901
    
    ArcelorMittal 17 feb
    19,58 -0,18 (-0,91%)
    
    THYSSENKRUPP AG O.N. 17 feb
    11,34 -0,39 (-3,33%)
    
    ESSEN (AFN/DPA) - Gesprekken tussen het Duitse industrieconcern Thyssenkrupp over de overname van zijn staaldivisie door het Britse Liberty Steel zijn gestaakt. Volgens de Duitsers was er geen uitzicht op een overeenkomst, waarop de onderhandelingen zijn gestopt.
    
    Liberty Steel bracht eerder een bod uit op de verlieslatende staaltak van het Duitse industrieconcern. Geruchten over een eventuele deal zorgden eerder op de aandelenbeurzen voor een koerssprong voor het aantal Thyssenkrupp. De Duitsers hebben altijd gezegd dat alle opties op tafel lagen, waaronder ook het behoud van het onderdeel.
    
    Thyssenkrupp gaat gebukt onder de coronacrisis en de moeizame marktomstandigheden in de staalindustrie door de virusuitbraak. Het concern zag eerder nog een fusie van de Europese staalactiviteiten met die van Tata Steel stuklopen door bezwaren van de Europese Commissie. Daarna bleven de Duitsers kijken naar mogelijkheden om alsnog afstand te doen van de staalactiviteiten.
    
    Thyssenkrupp zegt nu in de eigen staaltak te willen investeren. Het bedrijf kondigde aan 700 miljoen euro in zijn staaldivisie te steken, met specifieke plannen om de fabrieken in Bochum en Duisburg te moderniseren voor de behoeften van de auto-industrie. Sommige divisies worden wel uitgefaseerd.
    
    Vooralsnog wil het niet vlotten met de Europese staaldeals. Het Zweedse SSAB zag eerder al af van een overname van de Nederlandse divisie van Tata Steel.