ArcelorMittal LU1598757687

Nieuws en info hier plaatsen (deel 4)

1. voda 6 augustus 2021 08:02

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 24 apr 2024

   • Aanbevelingen

     Ontvangen: 81953

     Gegeven: 20887

   •    Aantal posts: 364.313

   Aperam Reports Strong Surge in Results for H1 of 2021
   
   Luxembourg-headquartered global stainless steel producer Aperam SA CEO Mr Timoteo Di Maulo said “I am delighted to report again a record result in the second quarter for which Brazil and S&S were major drivers by achieving the best quarter ever. Europe also improved significantly as the price environment has now fully normalized on the back of the economic recovery and more effective protection against dumping. While restocking driven demand, stretched global supply chains and positive effects from higher raw material prices will eventually fade, we expect the positive environment to persist during the second half of the year. This coupled with the continued improvement and higher flexibility achieved through our Leadership Journey* puts us in a position to project the best second half in Aperam's history.”
   
   Aperam has reported a net profit of EUR 213 million, increasing by 83.6% QoQ and by 914.3% YoY, while the company's sales revenues amounted to EUR 1.27 billion, rising by 8.5 QoQ and by 55.5% YoY Aperam's EBITDA increased by 54.8% QoQ and up by 453.1% YoY to EUR 271 million. In the given quarter, Aperam’s steel shipments declined by 2.4 QoQ to 481,000 tonne.
   
   During the first half of the current year, the company’s net profit amounted to EUR 329 million, compared to EUR 50 million in the first half of the previous year, while its sales revenues amounted to EUR 2.45 billion, up 31.0% YoY. In the first half, the company's EBITDA rose by 213.7% YoY to EUR 458 million. In the same period, Aperam’s steel shipments increased by 19.6% YoY to 974,000 tonne.
   
   Source - Strategic Research Institute
2. voda 6 augustus 2021 08:03

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 24 apr 2024

   • Aanbevelingen

     Ontvangen: 81953

     Gegeven: 20887

   •    Aantal posts: 364.313

   JSW Steel’s Dolvi Cogeneration Projects Exempted from RPO
   
   Mercom India reported that the Appellate Tribunal for Electricity, in a recent order, ruled that JSW Steel be exempted from the Renewable Purchase Obligation compliance regarding its Dolvi unit in Maharashtra for the period between financial year 2010-11 and FY 2015-16, as long as the power generated from the cogeneration projects was more than the RPO target. The Tribunal also exempted the generator from meeting the RPO targets for the subsequent years as long as the power generated from the cogeneration projects was more than the RPO target.
   
   JSW Steel had filed an appeal with the APTEL, challenging the earlier order passed by the Maharashtra Electricity Regulatory Commission, in which the Commission had rejected the power generator’s request seeking exemption from the applicable RPO regulations for FY 2010-11 to FY 2013-14 and subsequent years concerning its manufacturing unit located at Dolvi in Maharashtra.
   
   JSW Steel is a manufacturer of steel and allied products in India and owns a steel manufacturing unit at Dolvi in Maharashtra. JSW Steel has two captive power projects at Dolvi, including a gas expansion turbine of 14 MW capacity (previously 6.5 MW) and a waste-gas-based cogeneration project of 53.5 MW capacity. In September 2013, JSW Steel had filed a petition before the Commission seeking to declare the electricity produced and consumed from its cogeneration projects of 6.5 MW and 53.5 MW would meet the corresponding RPO target of its units in Maharashtra. The company, in its submission, said that its project at Dolvi, being a cogeneration project, ought to have been treated at par with renewable sources of energy, even though the heat generated in the steel-making process was derived from fossil fuels.
   
   Maharashtra Energy Development Agency submitted that JSW’s cogeneration project was a fossil-fuel-based project, which was not recognized as a source of renewable energy by the Ministry of New and Renewable Energy and could not be considered for the fulfillment of RPO.
   
   Source - Strategic Research Institute
3. voda 6 augustus 2021 08:05

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 24 apr 2024

   • Aanbevelingen

     Ontvangen: 81953

     Gegeven: 20887

   •    Aantal posts: 364.313

   Çolakoglu Issues FAC for First Part of Slab Caster Modernization
   
   In December 2020, the Turkish steel producer Colakoglu Metalurji AS issued the final acceptance certificate to Primetals Technologies for the first part of the modernization of the two-strand slab caster at the Dilovasi plant near Istanbul. The modernization order covered the Level 1 and Level 2 systems, the Mold Expert system, and the segment controller. The line was also extended. Primetals Technologies carried out commissioning both locally and by means of remote support. The modernization of the existing systems has improved product quality and enabled the production of additional steel grades. Furthermore, extending the strands increased casting speed and therefore raised the production rate.
   
   In 2020, Çolakoglu modernized the existing Level 1 and Level 2 systems, the Mold Expert system, and the segment controller at the Dilovasi plant near Istanbul. The modernization order was performed during extension of the line, replacing Çolakoglu's existing systems with state-of-the-art technology. The modernization of the existing systems means that additional steel grades can now be produced. Commissioning of the second part of the order is scheduled for summer 2021.
   
   The first part of the modernization at the Dilovasi plant near Istanbul, run by the Turkish steel producer Çolakoglu, has been successfully completed. The systems were successfully modernized during a nine-day shutdown of the line. Project execution greatly benefited from the presence of employees from Primetals Technologies Austria and Poland on site as well as from the support of Primetals Technologies experts at the location in Linz in Austria, who, due to the current situation, were connected via the Internet using collaboration tools. A further major factor in the success of the project was the good cooperation with Çolakoglu, the steel producer. In recent months, Primetals Technologies has successfully completed a large number of orders by means of remote support, using video conferencing tools, smart glasses, and augmented reality solutions.
   
   Çolakoglu runs an electric steel plant in Dilovasi. The plant's main products are slabs for subsequent processing in a hot rolling mill and billets used for producing rebars and rock bolts. The Çolakoglu plant is one of the world's largest steelworks. It was supplied by Primetals Technologies and has been in operation for several years now. This most recent modernization project represents a further milestone in the successful business relations between Çolakoglu and Primetals Technologies.
   
   Source - Strategic Research Institute
4. voda 6 augustus 2021 08:05

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 24 apr 2024

   • Aanbevelingen

     Ontvangen: 81953

     Gegeven: 20887

   •    Aantal posts: 364.313

   India Constructing Steel Silos in Public Private Partnership Mode
   
   India’s Minister for Food & Public Distribution Ms SadhviNiranjan Jyoti informed Lower House off Indian Parliament that government has made an Action Plan for construction of steel silos on Public Private Partnership mode in the country. Till date Silos with capacity of 29.75 LMT at various locations throughout country have been awarded. Out of which a capacity of 10.625 LMT is complete and remaining is under various stages of development. Further, High Level Committee has recommended total 249 locations with capacity of 108.375 LMT under Hub & Spoke mode across the country.
   
   In addition, in 2007-09, silos at 7 locations with capacity of 5.50 LMT were constructed under circuit base model, for bulk storage of wheat.
   
   Warehouses owned or hired by Food Corporation of India (Fare used for storing wheat, rice and paddy and they are not product specific. However, silos are product specific for wheat and rice.
   
   Source - Strategic Research Institute
5. voda 6 augustus 2021 08:06

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 24 apr 2024

   • Aanbevelingen

     Ontvangen: 81953

     Gegeven: 20887

   •    Aantal posts: 364.313

   Mechel’s Bratsk Ferroalloy Plant Increases Sales in H1 of 2021
   
   Russian Mechel Group’s Bratsk Ferroalloy Plant in the first half of 2021 increased product sales by 21% compared to the same period in 2020. Sales of both grades of ferrosilicon with different percentages of silicon increased: FS65 grades increased by 26%, high-margin export grade FS75 - by 22%.
   
   The positive dynamics of sales was provided by the increase in the productivity of the equipment. In April 2020, a modernized ore-thermal furnace for smelting ferroalloys was put into operation. The furnace power in the course of technical re-equipment was increased from 25 to 33 megawatts, which made it possible to increase production, reduce the cost by reducing electricity consumption, and also reduce the environmental load, now the tap gases are purified in installations with an efficiency of collecting suspended particles up to 99.6%.
   
   Source - Strategic Research Institute
6. voda 6 augustus 2021 08:06

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 24 apr 2024

   • Aanbevelingen

     Ontvangen: 81953

     Gegeven: 20887

   •    Aantal posts: 364.313

   Argonaut Acquires Crimson Steel Supply in Oklahoma
   
   Tulsa Oklahoma based private equity fund Argonaut Private Equity announced the acquisition of Oklahoma based Crimson Steel Supply. Founded in 2010, Crimson Steel Supply is a full-service rebar fabricator, wire mesh supplier, and highway & roadway structural steel fabricator headquartered in Tulsa in Oklahoma with additional facilities in Muskogee and Oklahoma City in Oklahoma. In addition to its leading presence in the Oklahoma market, Crimson Steel supports and ships to a broad base of customers nationwide.
   
   With its long-standing customer base and highly experienced team, Crimson Steel is strategically poised to support America's accelerating infrastructure push. The founder led company will continue to build on its reputation for streamlined production and quick turnaround.
   
   Source - Strategic Research Institute
7. voda 6 augustus 2021 08:07

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 24 apr 2024

   • Aanbevelingen

     Ontvangen: 81953

     Gegeven: 20887

   •    Aantal posts: 364.313

   GFG Alliance Continues to Stabilise & Move Business Forward
   
   GFG Alliance, owner of LIBERTY Steel Group, has reported further progress in its operational performance as well as the continued work by the specially appointed Restructuring and Transformation Committee at LIBERTY Steel to secure an environmentally and economically sustainable future for its businesses. Bolstered by strong demand and record prices for steel, alongside improvements in systems and operations, GFG notes strong performance for its core businesses. GFG Alliance Chief Restructuring Officer Mr Jeffrey S Stein said “The RTC has been working closely with LIBERTY Steel Group and its stakeholders globally to develop new business plans and restructure the business. It is encouraging that discussions with creditors continue to progress well and our global restructuring plans continue to develop. In many cases, refinancing options have been oversubscribed. While there remains much to do, we are pleased with the progress made to date and confident in the resilience of the business going forwards. We will continue to publish regular updates on the restructuring and refinancing for the benefit of all of its employees and stakeholders.”
   
   Actions taken
   
   Activity is underway to complete LIBERTY Primary Metals Australia’s refinancing, as global refinancing efforts continue.
   
   At ALVANCE, a strategic deal cementing a long-term commercial relationship with two of the largest trading houses in the world, has been agreed. The deal involves the supply of the raw material requirements of Dunkirk and Duffel, assistance in the marketing of products and provision of hedging facilities. Under the agreement ALVANCE’s debt will be refinanced allowing creditors to be repaid. GFG expects the agreement to be finalised shortly once the reservations of one of the businesses’ creditors over early repayment has been resolved.
   
   GFG reached an agreement with Tata Steel, bringing to an end proceedings launched against LIBERTY Speciality Steels, LIBERTY House Group PTE, and Speciality Steel UK earlier this year.
   
   GFG is now back in control of its 41% stake in sustainable energy generator SIMEC Atlantis Energy following the cessation of the receivers’ appointment over the shares of SIMEC UK Energy Holdings Limited in SIMEC Atlantis Energy and the resignation of the receivers as directors of SIMEC UK Energy.
   
   GFG has settled a post completion dispute with Rio Tinto Group over the acquisition of the Dunkirk aluminium smelter in 2018.
   
   Following the introduction of the new LIBERTY Steel UK management team, led by Subhajit Roy Chowdhury, a new organisational structure has been developed. The new structure lays the foundation for developing LSUK into a competitive, two million tonnes per year GREENSTEEL business with clear centralised functions and operations-focused units. The new management composition will oversee the separation of the Stocksbridge, Brinsworth Narrow Strip, and Performance Steel assets. New business plans are being developed for the LSUK businesses which would allow the LSUK to resume production in the short term and create a more sustainable future for the assets over the longer term
   
   GFG and LIBERTY Steel continue to engage with the BEIS Select Committee inquiry into ‘Liberty Steel & the future of steel industry in UK. GFG has responded in writing to detailed questions from the Committee. The Secretary of State for Business, Energy and Industrial Strategy has publicly reiterated his readiness to enable GFG to take time to refinance key operations and repay creditors.
   
   LIBERTY Ostrava, GFG’s business in the Czech Republic, has followed up its strong Q1 results with its best production quarter since 2017. For the quarter to 30 June 2021, it shipped more than 600,000 tonnes of steel products, with production for each month around 200,000 tonnes, the highest sustained monthly levels since 2008. Production for the quarter was almost 80% higher than the covid-19-affected Q2 2020.
   
   LIBERTY Gala?i, the largest integrated steel producer in Romania, has reported its strongest quarterly results since 2008, building on the production improvements made in 2020. The company reported turnover of EUR 359 million and EBITDA of EUR 52 million for the quarter ending 31 March 2021. This continued the positive progress from the second half of last year. The plant has now raised its production target for 2021 and is accelerating the planning for the strategic projects required to transform the plant to carbon neutrality by 2030.
   
   LIBERTY Magona has now restarted production due to receiving Hot Rolled Coil from LIBERTY Galati, which has now become primary supplier of HRC to our European downstream plants following the operational reorganisation announced at the end of June. LIBERTY expects the ramp up to full production at Magona to be completed in September and at LIBERTY Liege-Dudelange in October.
   
   LIBERTY Steel Group has completed the sale of LIBERTY Ascoval and LIBERTY Rail Hayange to SHS Stahl-Holding-Saar.
   
   The Whyalla Steelworks team in South Australia has continued their site-wide continuous improvement programme, with 85 initiatives across the business now positively impacting bottom line performance through increased efficiency and value realisation.
   
   SIMEC Mining’s Tahmoor Coking Coal Operation posted record annual production and output on the back of significant capital investment by GFG, new state-of-the-art equipment, strong market conditions, and continuous improvement initiatives. The Tahmoor South Project also received conditional approval earlier this year, facilitating a 10-year extension to the mine’s lifespan and the creation of an anticipated 170 jobs.
   
   Source - Strategic Research Institute
8. voda 6 augustus 2021 08:50

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 24 apr 2024

   • Aanbevelingen

     Ontvangen: 81953

     Gegeven: 20887

   •    Aantal posts: 364.313

   Advies van Independent Research over Arcelor Mittal
   Beurshuis Independent Research
   Aandeel ArcelorMittal
   Datum 05 augustus 2021
   Advies Houden
   Koersdoel 31,00 EUR
   
   Detail advies
   (Trivano.com) - Op 5 augustus 2021 hebben de analisten van Independent Research hun beleggingsadvies voor ArcelorMittal (MT; ISIN: LU1598757687) herhaald. Het advies van Independent Research voor ArcelorMittal blijft "houden".
   
   Het koersdoel wordt door de analisten verhoogd van 25,00 EUR naar 31,00 EUR.
   
   Op 11 februari 2021 publiceerde ArcelorMittal zijn jaarresultaten.
9. voda 9 augustus 2021 07:39

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 24 apr 2024

   • Aanbevelingen

     Ontvangen: 81953

     Gegeven: 20887

   •    Aantal posts: 364.313

   SAIL Post INR 3850 Crore Profit for April-June 2021 Quarter
   
   Steel Authority of India Limited has declared the financial results Apr – June 2021 Quarter, which reflects a robust performance in the Q1 FY 2021-22.
   
   Key Highlights of SAIL’s performance during Q1 FY’22
   
   Crude Steel Production: 3.770 Million Tonnes
   
   Saleable Steel Sales: 3.327 Million Tonnes
   
   Revenue from Operation INR 20642 Crore
   
   Reduction in Gross Borrowings during the Quarter: INR 5063 Crore
   
   SAIL Chairperson Ms Soma Mondal said “The Company has been consistently seizing available opportunities to move up the value chain. The performance during the quarter bears the testimony to objective driven strategy and resilience by the SAIL Collective despite the adverse impact of dominant second wave of COVID-19. Though the demand for steel products in the quarter has not had the same momentum as during Q4 of FY’21, focused interventions in several areas of operations have helped in achieving this robust performance. The demand in the later part of the year is expected to remain healthy with sustained domestic consumption coming from sectors like infrastructure, manufacturing, packaging, automotive, etc. as indicated from the present consumption cycle and future sectoral trends.”
   
   Source - Strategic Research Institute
10. voda 9 augustus 2021 07:40

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 24 apr 2024

    • Aanbevelingen

      Ontvangen: 81953

      Gegeven: 20887

    •    Aantal posts: 364.313

    CRU Stops Publishing China Steel Price Data on WeChat
    
    Reuters reported that London based commodities consultancy CRU has stopped updating China steel price information on social media platform WeChat for compliance reasons after new rules were introduced for price indexes. CRU on its official WeChat account said “CRU stopped updating price information for steel products at an early stage out of compliance considerations.”
    
    CRU head of steel prices Mr Greg Smart clarified to Reuters that the suspension only applied to prices published on WeChat and the company continues to publish steel prices on its website.
    
    China issued the draft rules in June following a sharp rise in commodity prices, as it sought to regulate index providers and improve transparency. The rules took effect on August 1.
    
    Wechat was initially launched as an instant messaging app by Tencent in January 2011. According to the 2019 annual WeChat report, by September 2019, its monthly active users amounted to more than 1.1 billion out of 1.4 billion population of China.Any government organizations, companies, or groups could register a WeChat Official Account to send articles and messages to their followers.
    
    Source - Strategic Research Institute
11. voda 9 augustus 2021 07:40

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 24 apr 2024

    • Aanbevelingen

      Ontvangen: 81953

      Gegeven: 20887

    •    Aantal posts: 364.313

    Bajaj Family to Buy Residual Stake in Mukand Ltd
    
    Economic Times reported that the Bajaj family has decided to buy out Mr Suketu and Mr Rajesh Shah’s 16.5% residual stake from steel venture Mukand Ltd, ending months of negotiations. The Shah family will be cashing out of the business via block deals in the stock market, as part of a major restructuring exercise that has been ongoing for months to revive the operations. At current market prices, the Bajaj family would have to shell out INR 353 crore for the transaction.
    
    There will be no tender offer for the acquisition of shares since it is a transfer between promoters. The transaction is expected to take place as early as Monday.
    
    Incorporated in the year 1937, Mukand Iron & Steel Works Limited, was acquired by the present promoter families, Shri Jamanlal Bajaj and Shri Jeevan Lal Shah, on the behest of Mahatma Gandhi in the year 1939. The Company then operated re-rolling mills and a foundry in Lahore and at Reay Road, Bombay respectively. The Company was rechristened Mukand Ltd.in the year 1989 and had grown to become a multi division, multi product conglomerate. Mukand Ltd is a multi division, multi product conglomerate involved in the manufacture of specialty steel long products and heavy machinery. With manufacturing facilities in Thane, Maharashtra and Hospet, Karnataka, Mukand produces over 400 grades of specially engineered steel to suit stringent customer requirements in sizes ranging from 5 mm to 160mm in the form of bars, bright bars, wire rods and wires.
    
    Source - Strategic Research Institute
12. voda 9 augustus 2021 07:44

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 24 apr 2024

    • Aanbevelingen

      Ontvangen: 81953

      Gegeven: 20887

    •    Aantal posts: 364.313

    Evraz in Litigation with US DoC on Section 232 Steel Duties
    
    TASS reported that Evraz is conducting a lawsuit against the US Department of Commerce and sees a serious possibility to recover a portion of funds lost due to paying duties. Evra CEO Mr Alexander Frolov told "We are in litigation with the US Department of Commerce in respect of the legality of introducing import duties on Russian slab products in the context of Section 232. We believe the application of the duty was inappropriate, at least during the starting period. We believe we have serious chances to recover a portion of this duty.”
    
    In March 2018, the US introduced duties on the import of steel (25%) and aluminum (10%) under Section 232 of the Trade Expansion Act. Russian companies filed requests earlier to the US Department of Commerce for exclusion of their products, slabs, from the application of US import duties.
    
    Source - Strategic Research Institute
13. voda 9 augustus 2021 07:44

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 24 apr 2024

    • Aanbevelingen

      Ontvangen: 81953

      Gegeven: 20887

    •    Aantal posts: 364.313

    Gerdau to Expand HSM & Structural Mills at Branco in Brazil
    
    Porto Alegre-based Latin America's largest long steel producer Gerdau revealed at a press conference in Belo Horizonte an investment plan at Branco facility in Minas Gerais, to be applied over five years to modernize, upgrade technology and expand local operations.
    
    USD 200 million for the HRC rolling mill expansion - Gerdau plans to set up a new HRC rolling mill at its Ouro Branco plant, which will have a 250,000 tonnes per year capacity. With the new capacity increase, Gerdau's total HRC capacity will increase to 1.1 million tonnes per year,
    
    USD 300 million for the structural profile project – It will launch new structural profile rolling mill at its Ouro Branco facility with a 500,000 tonnes per year capacity. With the new project, total structural profile capacity is expected to grow to 1.1 million tonnes.
    
    Source - Strategic Research Institute
14. voda 9 augustus 2021 07:45

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 24 apr 2024

    • Aanbevelingen

      Ontvangen: 81953

      Gegeven: 20887

    •    Aantal posts: 364.313

    Outokumpu Reports Surge in Q2 EBITDA in Strong Market
    
    Outokumpu Oyj President & CEO Heikki Malinen said “The stainless steel market has rebounded from the global COVID-19 pandemic across multiple segments. In this strong market environment, we increased our adjusted EBITDA to EUR 223 million in the second quarter. Our mills have been running at a high utilization rate and group stainless steel deliveries grew by 3% compared to previous quarter. I am very pleased that we have achieved EUR 400 million of adjusted EBITDA in the first half of this year, which is markedly higher than last year’s total. All business areas improved their performance compared to the previous quarter.”
    
    Highlights in Q2 2021
    
    Stainless steel deliveries were 626,000 tonnes (523,000 tonnes)
    
    Adjusted EBITDA increased to EUR 223 million (EUR 45 million).
    
    EBITDA was EUR 223 million (EUR 45 million).
    
    Highlights in January–June 2021
    
    Stainless steel deliveries were 1,234,000 tonnes (1,111,000 tonnes).
    
    Adjusted EBITDA amounted to EUR 400 million (EUR 151 million).
    
    EBITDA was EUR 400 million (EUR 151 million).
    
    Net result was EUR 212 million (EUR -15 million).
    
    Outlook for Q3 2021
    
    Group stainless steel deliveries in the third quarter are expected to decrease by 0–10% compared to the second quarter, in line with the seasonal pattern. The European ferrochrome benchmark price remained stable at USD 1.56/lb for the third quarter. Planned maintenance costs in the third quarter are expected to increase by approximately EUR 10 million compared to the second quarter. With current raw material prices and exchange rates, significant raw material-related inventory and metal derivative gains or losses are not expected in the third quarter. Adjusted EBITDA in the third quarter of 2021 is expected to be at a similar level compared to the second quarter.
    
    Source - Strategic Research Institute
15. voda 9 augustus 2021 07:47

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 24 apr 2024

    • Aanbevelingen

      Ontvangen: 81953

      Gegeven: 20887

    •    Aantal posts: 364.313

    Jiujiang Wire Rod Buys 51% Stake in Delong's Subsidiary
    
    Tangshan-based wire rod producer Jiujiang Wire Rod has acquired a 51% stake in Tangshan-based subsidiary of Delong Steel. Both steelmakers specialize in wire rod manufacturing. Tangshan Delong is capable of producing around 2.5 million tonnes of crude steel, while the annual capacity of Jiujiang Wire Rod reaches 1 million tonnes
    
    The recent acquisition will help the company ease regional competition and expand production mix, as Tangshan Delong also makes steel strips. At the same time, it will also lay a solid foundation for the two mills to further participate in the consolidation of the Tangshan steel industry.
    
    Source - Strategic Research Institute
16. voda 9 augustus 2021 07:47

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 24 apr 2024

    • Aanbevelingen

      Ontvangen: 81953

      Gegeven: 20887

    •    Aantal posts: 364.313

    JSPL Accepts Revised Offer from Worldone for Jindal Power
    
    Jindal Steel & Power Limited’s Board has accepted the revised binding offer from Worldone Private Limited, to divest its 96.42% stake in Jindal Power Limited, a material subsidiary of Jindal Steel and Power Limited. AKey features of the Revised Offer are that Worldone will buy out all the Equity Shares and Redeemable Preference Shares of JPL held by JSPL for a total consideration of approximately INR 7,401 crore of which
    
    INR 3,015 crore will payable by cash
    
    Balance INR 4,386 crore will be by way of assumption and takeover of liabilities and obligations of JSPL in relation to inter-corporate deposits and the capital advances paid by JPL to JSPL
    
    The deal will also entail debt associated with JPL (of INR 6,566 crores approx, as on December 31, 2020) moving out of JSPL's consolidated books, thereby, strengthening JSPL’s balance sheet.
    
    Source - Strategic Research Institute
17. voda 9 augustus 2021 07:49

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 24 apr 2024

    • Aanbevelingen

      Ontvangen: 81953

      Gegeven: 20887

    •    Aantal posts: 364.313

    JSW Koks Selects Zarmen for Coke Battery Upgrade
    
    Polish coal and coke producer Jastrzebska Spolka Weglowa’s coke subsidiary JSW Koks has signed an agreement with local contractor Zarmen to upgrade its coke oven battery No4 at Przyjazn coking plant in Dabrowa Gornicza. This contract worth PLN 426.5 million (EUR 94 million) is one of the two stages for the complete facility modernisation, which will help the JSW Koks reduce production costs and environmental footprint and improve the produced coke quality. This contract is scheduled to be completed by February 2024.
    
    The reconstruction of battery No4 according to the planned project is crucial for maintaining the volume of coke production capacity at the current level, as well as for future growth.
    
    Source - Strategic Research Institute
18. voda 9 augustus 2021 07:49

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 24 apr 2024

    • Aanbevelingen

      Ontvangen: 81953

      Gegeven: 20887

    •    Aantal posts: 364.313

    EVRAZ Announces Financial Results for H1 of 2021
    
    Russian steel maker EVRAZ plc has announced its unaudited interim financial results for the six months ended 30 June 2021. Chief Executive Officer Mr Alexander Frolov said “The recovery on the global steel market observed since the second half of 2020 accelerated in the first half of 2021. Activity in steel-consuming industries continued returning to pre-pandemic levels, driving steel prices and demand. In the reporting period, we continued to implement our main development initiatives. The upgrade of the rail and beam mill at EVRAZ NTMK and construction of new long rail mill at EVRAZ Pueblo projects continued according to schedule and made good progress. Overall CAPEX stood at USD 430 million, including USD 258 million for development projects.”
    
    H1 2021 HIGHLIGHTS
    
    Consolidated EBITDA totalled USD 2,082 million, up 94.0% YoY from USD 1,073 million in H1 2020. The EBITDA margin rose to 33.7% from 21.5% in H1 2020. Supporting factors included higher steel, vanadium and coal product sales prices. Cost-cutting and customer focus initiatives also generated an effect of USD 256 million in EBITDA.
    
    Net profit totalled USD 1,212 million, compared with USD 513 million in H1 2020.
    
    The cash cost of slabs increased to USD 283 per tonne from USD 210 per tonne in H1 2020
    
    In the second half of 2021, Evraz expects global markets to remain fairly healthy, despite a possible correction in steel prices. It said "Steel prices look unsustainable at current levels and there is a possibility of a gradual price decline in the coming months."
    
    Source - Strategic Research Institute
19. voda 9 augustus 2021 07:50

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 24 apr 2024

    • Aanbevelingen

      Ontvangen: 81953

      Gegeven: 20887

    •    Aantal posts: 364.313

    Steel Dynamics UK Acquires Offshore Stainless Supplies
    
    creating a combined business with more than 100 staff and revenues of more than GBP 35 million. The acquisition of Offshore Stainless Supplies, which is based in Walsall, West Midlands, was facilitated through new debt facilities financed by Close Brothers.
    
    The Business Desk reported that Blackburn based Steel Dynamics UK has acquired Offshore Stainless Supplies, for an undisclosed sum,
    
    Steel Dynamics is one of the UK’s leading steel stockholders and processors with offices in the North West, North East and the Midlands. Steel Dynamics offers a wide range of stainless steel in a variety of grades to customers in the nuclear, architectural, oil & gas, food processing and petrochemical industries.
    
    Source - Strategic Research Institute
20. voda 9 augustus 2021 07:51

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 24 apr 2024

    • Aanbevelingen

      Ontvangen: 81953

      Gegeven: 20887

    •    Aantal posts: 364.313

    UV Plant to Treat Cyanide in Coke Oven Wastewater at TataSteel BSL
    
    A Cutting-edge Ultraviolet Oxidation technology to treat Cyanide in its coke oven wastewater has been adopted in Tata Steel BSL as a step towards achieving environmental excellence. It has established world’s first UV Oxidation Plant in the steel industry, with support from Research and Development team of its parent company Tata Steel, at its Narendrapur plant in Dhenkanal district of Odisha with capacity to treat 80 Cubic metres of waste water per hour for the purpose.
    
    The conventional method of treating cyanide in coke oven wastewater, one of the most toxic and potentially deadly pollutants, is called solid sludge separation technology which may lead towards cyanide toxicity by secondary means of toxic sludge decomposition. However, the new technology will address this issue.
    
    This world class technology for commercialization has been jointly developed by R&D team of Tata Steel and Environment and Coke Oven teams of Tata Steel BSL. Tata Steel R&D team has protected the technology through patent on the key formula and novelty of the process.
    
    Source - Strategic Research Institute