ArcelorMittal LU1598757687

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1. voda 13 september 2021 08:22

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   Odisha CM Urged to Cancel Bidding for Mines to Protect Forests
   By Strategic Research Institute on Sep 13, 2021 09:34 am
   
   The Pioneer reported that civil society members on Saturday in a letter to Odisha’s Chief Minister Mr Naveen Patnaik urged cancellation of the bidding process for seven virgin mines, tenders for which have been issued by the Steel and Mines Department for grant of mining lease for iron ore, manganese, dolomite and bauxite. They wrote “These virgin mine blocks are located in the districts of Keonjhar, Sundargarh and Kalahandi in deep forest areas having high biodiversity, rich flora and fauna, sal forest and other precious trees. They are the sources of many streams on which the local forest dwellers and tribal depend for survival and cultivation. These areas are also elephant corridors and wildlife sanctuaries.”
   
   They wrote “Most of the rivers of the State are drying out during the non-moon seasons due to excessive mining activities and deforestation of natural forests, leading to the extinction of river-streams. It is now well-known that companies of Adani, ArcelorMittal, Tatas, Vedanta are the main bidders for these mines. All these companies have their various mines lease in Odisha and they certainly don’t need mines to run their industries in the state. They are mainly availing these mines only for monopoly and export.”
   
   They requested “In this scenario, the bidding process of the virgin mines should be cancelled for the time being until a study is completed on the river and stream conditions , deforestation and its impact on human and wildlife in the context of climate change risks.”
   
   Recently, the Intergovernmental Panel on Climate Change has warned about the climate change in which Odisha is going to be affected heavily.
2. voda 13 september 2021 08:23

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   ArcelorMittal to Expand Iron Ore Mining in Liberia
   By Strategic Research Institute on Sep 13, 2021 09:36 am
   
   The Government of the Republic of Liberia and ArcelorMittal have signed an amendment to the Mineral Development Agreement which paves the way for the expansion of the Company’s mining and logistics operations in Liberia. With the MDA amendment coming into effect, the ArcelorMittal Liberia will significantly ramp up production of iron ore. The expansion project, which encompasses processing, rail and port facilities, will be one of the largest mining projects in West Africa. The capital required to finalise the project is expected to be approximately USD 0.8 billion, as it is effectively a brownfield expansion.
   
   The expansion project includes the construction of a new concentration plant and the substantial expansion of mining operations, with the first concentrate expected in late 2023, ramping up to 15 million tonnes per annum. Under the agreement the company will have reservation for expansion for at least up to 30 million tonne. Other users may be allowed to invest for additional rail capacity.
3. voda 13 september 2021 08:23

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   ASEAN Steel Industry Challenged by Delta Variant of COVID19
   By Strategic Research Institute on Sep 13, 2021 09:38 am
   
   The South East Asia Iron and Steel Institute Secretary General Mr Wee Jin Yeoh is a recent communication has highlighted the impact of COVID19 outbreak in South East Asian nations steel sector. He said “If 2020 was the year of COVID, then 2021 seems to be the year of the Delta variant for ASEAN countries and many countries around the globe. With the global failure to contain the virus, it has mutated to become smarter, more transmittable, harder to detect and more deadly. As ASEAN countries started to ease restrictions and embarked on mass vaccination in 1st half of 2021, the Delta variant landed. It is worse; it is said to be two times more contagious than the original COVID virus. As such, infections in ASEAN countries have multiplied significantly. Indonesia hit 57,000 cases per day, while cases in Malaysia and Thailand have exceeded 20,000 per day recently. Cases are also rising above 8,000 per day in Vietnam recently, a stark contrast to its sterling performance in the past. With hospitals being overwhelmed, oxygen shortage and rising death tolls, many ASEAN countries are forced to re-introduce lockdowns.”
   
   - Indonesia continues to focus on mobility restrictions, instead of strict lockdowns. The 5-week restrictions are being eased in parts of Java, Bali and 15 other areas. Most of the industries continue to operate. The concern is how to vaccinate its population rapidly and to adequately cover the rural area cases where healthcare facilities may be lacking.
   
   - On 1st June 2021, Malaysia re-imposed a nationwide lockdown. Then for 2 weeks in July, the states of Selangor and Federal Territory, the economic centre of Malaysia, were in an enhanced lockdown for 2 weeks. Cases are still rising through mid-August and the Steel Industry continues to be closed.
   
   - Coming off a peak in cases in April 2021, now in August, Metro Manila is back to a hard lockdown for 2 weeks until 20 August 2021. More than 13 million people will stay home in the Philippines, due to another surge of infections, as the Delta variant lurks in the community. Only health workers, emergency and essential workers, can leave their homes.
   
   - Starting from a quasi-lockdown of Bangkok and 28 provinces in July, Thailand has extended and expanded their restrictions to cover 16 more provinces (40% of population). The Authorities fear cases could double or triple as they head into August 2021. While the Steel Industry is not locked down, limited workforce allowed and shortage of labour continues to hamper operations and output.
   
   - After implementing a series of restrictions in February and May 2021, Vietnam placed Ho Chi Minh City and the southern provinces in a hard lockdown in July. This is followed by more restrictions imposed in Hanoi and Da Nang. 33% of its population is affected. The emergence of the Delta variant hastened the purchase of vaccines in spite of the cost and long queues, while the country continues to develop its own Nanocovax vaccine. Many industries are now affected.
   
   - Singapore is also facing an increase in Delta variant cases but the numbers have fallen below 100 cases per day, after a few weeks of tighter containment measures.
   
   Mr Wee Jin Yeoh wrote “Along with all these, the ASEAN Steel Industry continues face challenges from the Delta variant. After a good run in Q1 2021 due to rising commodity prices, many steel businesses are now facing yet, another major disruption. But it is not just about steel. It is about getting economies back on track with infrastructure and construction projects. And with that, steel is absolutely needed. And with the continuing disruption in global supply chains, local steel producers are also absolutely needed.”
   
   He added “With more Variants of Concerns spreading, COVID is not going to go away. It is going to be part of life, like the common flu. Experts have said vaccination does not prevent COVID infection, but it will make the symptoms and illnesses less severe. So, it is essential that everyone gets vaccinated so that your loved ones are protected and so that the economy gets back on track and we can go back to our normal lives. Get Vaccinated, Keep Your Distance, Wear Your Masks and Stay Healthy & Safe Always.”
   
   COVID19 Daily New Cases (Total Cases) -11 September 2021
   
   Indonesia – 3,779 (4,167,511)
   
   Philippines – 26,208 (2,227,367)
   
   Malaysia – 19,198 (1,979,698)
   
   Thailand – 15,191 (1,382,173)
   
   Vietnam – 12,026 (613,375)
   
   Singapore -520 (71,687)
4. voda 13 september 2021 08:46

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   UAE elevating industry performance, steel prioritised: Al Remeithi
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   Emirates Steel (ESI) chief executive Saeed Al Remeithi says he will prioritise the best interests of United Arab Emirates steel producers in his new role as deputy treasurer to the board of directors of the Abu Dhabi Chamber of Commerce and Industry. The UAE government is developing strategic plans to elevate industrial sector performance, he tells Kallanish in an exclusive interview.
   
   Even before the Covid-19 pandemic, UAE construction sector activity had slowed as many large projects were completed. Gulf Cooperation Council suppliers are pinning their hopes on Saudi steel demand, which is projected to grow significantly this decade on the back of Vision 2030-related projects. It came as a shock, therefore, when Saudi Arabia announced its rules-of-origin decree at the beginning of July. Saudi imports from its GCC neighbours have since declined significantly.
   
   Asked about the impact on UAE supply to Saudi, Al Remeithi said: “The UAE and Saudi Arabia are long-term partners and stakeholders that will find solutions that are beneficial to both our economies … We export our high-quality products to more than 40 markets around the world … We have many factors that affect our sales performance and operations from the volatile prices of iron ore, and the changing global trading policies, to our domestic demand.”
   
   On his new position, the ESI chief, who is also chairman of worldsteel’s economics committee, observed: “Undoubtedly, it would be my responsibility to best represent the steel industry, and prioritise the best interests of the UAE’s steel producers and the industry in general. The UAE Government realises the important role of the industrial sector for its sustainable development plans, and in developing strategic plans to elevate the sector’s performance.”
   
   Touting ESI’s green credentials, Al Remeithi said the company produced approximately 0.56 tonnes of CO2 for every tonne of liquid steel produced in 2019. The global average among DRI-EAF producers like ESI varies from 0.9t to 1.1t of CO2 for every tonne. The steelmaker recently announced a partnership with Abu Dhabi National Energy Company (Taqa) to develop a large-scale green hydrogen project enabling the first green steel production in the Middle East and North Africa.
   
   ESI is also currently conducting a detailed study into the construction of its long-awaited hot strip mill Phase 3 expansion, which will boost crude steel capacity to over 5 million tonnes/year.
   
   Abu Dhabi-based Emirates Steel was established in 1998, while Al Remeithi started his career as the firm’s production manager in 2002. He was appointed ceo ten years later. Today, the firm is a 3.5m t/y crude steel capacity steelmaker producing rebar, wire rod, and heavy sections. By year-end it will merge with cement, concrete products, glass fibre reinforced polyester (GRP) and PVC pipe producer Arkan. State holding company Senaat owns 51% of Arkan, which is listed on the Abu Dhabi Securities Exchange, as well as all of unlisted ESI.
   
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5. voda 13 september 2021 12:25

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   Brief Outlook - SteelGuru
   
   Iron Ore – Seaborne iron ore prices remain bearish as buying activity remained sluggish due to several Chinese mills taking maintenance shutdowns and provinces enforcing strict output cuts to meet Beijing’s goal of keeping 2021 crude steel production flat to 2020 levels. Market insider see prices correcting to USD 120 per tonne but there is apprehension that if USD 120 is breached, prices may fall below USD 100
   
   Coking Coal - The current rally still has legs, with prices in China still trending up. There are already bids from China at closer to USD 500 per tonne CFR levels for prime low-vol, and that leaves an arbitrage of USD 150. So, it’s conceivable that Australian FOB could very well go to above USD 350 per tonne levels.
   
   Steel Making Cost – While iron ore prices have slid by about USD 90 per tonne, coking coal prices have surged by USD 210 per tonne. Therefore the impact on steel making cost is only USD 24 per tonne for a pure play steel maker without own mining resources
   
   Iron ore – USD 90x1.6= (-) 144
   
   Coking Coal – USD 210x0.8 = (+) 168
   
   But for Indian primary BF-BOF based steel mills, which are dependent of imported coking coal and source iron ore domestically, while the cost of coking coal for one tonne of steel has gone up by USD 168 or INR 12000-13000 per tonne since May 2021, cost of iron ore for one tonne of steel has come down by INR 1500x1.6 or INR 2400 per tonne, resulting in erosion in sky rocketing margins in Q3 as compared to Q1 & Q2
   
   Contrary to earlier expectations of strong recovery in steel demand in pre festive season, Indian steel sector has remained bearish in September so far as steel mills are unable to hold on to prices of rebar, HR, CR & coated set in month beginning as retail prices are weakening due to limited demand and liquidity crunch. The steel demand of HR & CR is also hit as several automakers have curbed production due to ongoing semiconductor shortages.
   
   However, Chinese buying led resurgence in billet has helped some Indian steel mills to book large volumes at USD 620-625 FOB, up by almost USD 30-40 per tonne, propping their sentiments and expectations that festive season led buying of goods will result in strong recovery in steel demand in the country in October-December 2021.
   
   With daily reported COVID19 cases in India remaining at about 30K per day, the threat of wide spread outbreak resulting in disruption in recovery is starting to look unreal
   
   In the global steel market, there are signs that supply has caught up with demand and that the supply-demand balance is becoming more neutral. The market seems to be getting back to normal in terms of lead times, prices, etc. We are now in a period where things have to get back to normal, which in fact may be different from where it all started. A price range higher than the beginning of the fourth quarter of 2020 will probably be the new normal. On the other hand freight rates are still incredibly high. The slowdown in the Far East has dealt the market a strong body blow.
   
   China’s restrictions on steel production at 2020 levels will mean stronger Chinese demand for semi-finished steel imports driving prices up.
   
   Demand in the US is high, but supply seems to be catching up with the demand in this market as well. There are still some shortages, especially on the West Coast. However, it is difficult for imports to fill the demand shortages due to shipping constraints. With the erratic and historic high shipping prices, most mills prefer to offer on FOB basis. Importers who buy on FOB basis on all occasions are in for a surprise when cargoes are ready to ship. To add to the problem, most ports are full and do not wish to receive more cargoes. Especially for rain-sensitive cargoes, indoor storage space hardly exists. With all these high prices, credit has become an issue for importers. Hardly any buyers have full credit to insure the receivables. The protected markets will continue enjoying their positions until the measures in question are terminated.
   
   Freight is a major factor nowadays. Even for the traditional routes, freight rates have lost touch with reality. Traders have been punished by the high and unpredictable freight costs and are now careful as regards new business. No one wants to book on FOB basis. It is getting more and more difficult to get a quotation, which makes it difficult and/or risky to offer on CFR basis as well. This situation will create short-term downward pressure on prices and long-term shortages in importing countries. Regionalization is the current trend as sea freights are exceptionally high.
   
   Although the number of Covid cases is still high and we are again entering the season of colder weather in the northern hemisphere, the post-pandemic rebound and reopening are continuing despite setbacks due to the Delta variant of the coronavirus. The vaccination process will surely allow us to continue with our daily lives and so demand should continue.
6. voda 13 september 2021 17:23

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   Advies van Norddeutsche Landesbank over Arcelor Mittal
   Beurshuis Norddeutsche Landesbank
   Aandeel ArcelorMittal
   Datum 13 september 2021
   Advies Kopen
   Koersdoel 32,50 EUR
   
   Detail advies
   (Trivano.com) - Op 13 september 2021 hebben de analisten van Norddeutsche Landesbank hun beleggingsadvies voor ArcelorMittal (MT; ISIN: LU1598757687) herhaald. Het advies van Norddeutsche Landesbank voor ArcelorMittal blijft "kopen".
   
   Het koersdoel wordt door de analisten verhoogd van 31,00 EUR naar 32,50 EUR.
   
   Op 11 februari 2021 publiceerde ArcelorMittal zijn jaarresultaten.
7. voda 14 september 2021 07:09

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   Tata Steel BSL Bags Award for Logistic & Supply Chain
   By Strategic Research Institute on Sep 14, 2021 09:12 am
   
   Tata Steel BSL has bagged the prestigious Energy And Environment Foundation Global Sustainability Award 2021 in Gold Category for Logistic and Supply Chain. The steel major has been recognized for its exemplary logistic and sustainable supply chain management that is based on five building blocks i.e., customer service, responsible supply chain, cost leadership, digitalization and infrastructure strengthening. The sustainable supply chain management of the steel major include measures like introduction of electric trucks for steel transportation which is a first in the steel industry in India, overhead electrification of railway yard, joint initiative with other steel company for sale of common material to reduce logistics cost for both, efficient customer complaint handling system, reduced cycle time from order to product delivery to various customers, Fly-ash and Direct Reduced Iron products dispatches by rake, use of steel saddles, increase in rail coefficient, etc.
   
   Tata Steel BSL Limited, formerly known as Bhushan Steel Limited, is India’s fifth largest flat steel producing company with an existing steel production capacity of 5.2 million tonnes per annum as on March 31, 2021.
8. voda 14 september 2021 07:09

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   US Steel Production Capacity Utilization Recovers in Week 36
   By Strategic Research Institute on Sep 14, 2021 09:14 am
   
   American Iron & Steel Institute announced that in the week ending on September 11, 2021, US’s domestic raw steel production was 1,882,000 net tons while the capability utilization rate was 85.3 percent. Production was 1,537,000 net tons in the week ending September 11, 2020 while the capability utilization then was 68.6 percent. The current week production represents a 22.4 percent increase from the same period in the previous year. Production for the week ending September 11, 2021 is up 0.9 percent from the previous week ending September 4, 2021 when production was 1,866,000 net tons and the rate of capability utilization was 84.5 percent.
   
   Adjusted year-to-date production through September 11, 2021 was 65,786,000 net tons, at a capability utilization rate of 80.8 percent. That is up 20.1 percent from the 54,767,000 net tons during the same period last year, when the capability utilization rate was 66.8 percent.
   
   Broken down by districts, here’s production for the week ending September 11, 2021 in thousands of net tons: North East: 174; Great Lakes: 638; Midwest: 204; Southern: 786 and Western: 80 for a total of 1882.
9. voda 14 september 2021 07:10

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   Mechel Supplies Beams for Construction of Sberbank Data Center
   By Strategic Research Institute on Sep 14, 2021 09:17 am
   
   Russian mining & steel maker Mechel Group's metal trading company Mechel-Service has supplied about 1,000 tons of beams for the construction of a technological module for Sberbank's data center in Skolkovo. Mechel-Service supplied about 1,000 tonnes of beams produced by the Mechel Group’s Chelyabinsk Metallurgical Plant for the manufacture of metal structures for technological module No 8 of the center. The steel I-beam has a high load-bearing capacity with a low specific weight, its flanges distribute the load and reduce the risk of structural failure. For the production of an I-beam, carbon or low-alloy steel grades are used. Low alloy steel structures can also be used in northern sites in low temperature areas.
   
   Sberbank's data center is the largest in Russia, as well as one of the largest and most powerful data centers in Europe. It is a reliable and high-tech center for storing, processing and transferring large amounts of information. The new data center provides a record high data transfer rate of 1,000 GB per second. For the operation of such a center, modern systems for maintaining constant temperature and humidity, high-speed Internet access, as well as equipment for an uninterrupted supply of electricity are needed. With the commissioning of the data center, the reliability of the bank's IT systems increases.
   
   The center is built using modern technologies and has a powerful protection against man-made accidents thanks to a unique engineering infrastructure.
10. voda 14 september 2021 07:10

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    GMS Market Commentary on Ship Breaking in Week 36
    By Strategic Research Institute on Sep 14, 2021 09:22 am
    
    World's leading cash buyer of ships for recycling GMS said that “After a wobbly late August that finally saw the recycling markets even off over the last couple of weeks, sub-continent markets India and Bangladesh witnessed a noteworthy drop in steel plate prices this week, as local sentiments started to increasingly take a step back, in anticipation of a further decline. As such, the general scepticism from Cash and End Buyers alike is that the markets may have improved far too quickly of late and that the inevitable correction from such a firming may rear its ugly head in the near future.”
    
    GMS said “Are prices likely to fall as quickly as they have risen of late?” is the question presently on everyone’s mind. While there are those who would argue there are some signs of future stability i.e. weaker supply of tonnage leading into Q4, stable forward / future prices, post-monsoon construction projects across the sub-continent driving the recent demand for steel and China’s recent anti-dumping decision on the rest of the world, yet, there are those who feel this temporary blip will not survive the rest of the year as the recent firming has simply been too aggressive and Recyclers are reading the tea leaves with these recent drops in steel and are starting to re-adjust their indications accordingly.”
    
    GMS also said “Out West in Turkey, the market seems to be in a steady to firming state, as reports of increasing inquires and firming demand have been forthcoming this week, despite a marginally weaker import steel price and Lira.”
    
    GMS added “As the world starts to emerge to the new realities of dealing in a post Covid-19 world and economies try to get back into the swing once again, we can only hope for some sustained stability for the ship recycling sector heading into 2022.”
    
    GMS Pricing
    
    India/Bangladesh/Pakistan – Week 36, POST COVID REALITY!
    
    Dry Bulk – USD 560-590 per LDT
    
    Tankers - USD 570-600 per LDT
    
    Containers - USD 580-610 per LDT
11. voda 14 september 2021 07:11

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    Roadshows Start for Revival of Pakistan Steel Mill
    By Strategic Research Institute on Sep 14, 2021 09:24 am
    
    Business Recorder reported that Pakistan’s Federal Minister for Privatisation Mohammed Mian Soomro has initiated the activity of roadshows for revival of Pakistan Steel Mills on Monday. On the first day, two international investment companies & potential investors were briefed about the revival of the PSM. The roadshows will continue till September 21.
    
    Investors from different countries have shown keen interest in the Steel Mills, which is very encouraging, Pakistan government is providing maximum information to the interested investors and the best possible investors will be shortlisted through a transparent process in the end.
12. voda 14 september 2021 07:11

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    Danieli to Supply Drawing Bench to Acciai Trafilati Rettificati
    By Strategic Research Institute on Sep 14, 2021 09:28 am
    
    Italian Acciai Trafilati Rettificati awarded Danieli an order for a new pinion/rack drawing bench to produce stainless and carbon steel profiles. The 100 tonne pulling force drawing bench will process round, square and hexagonal solid bars and will be installed at ATR facilities in Orsenigo in Italy. The patented solution grants optimum quality surface and unparalleled efficiency along with precision process control. Furthermore, the new design will ensure a drastic reduction of noise pressure, up to – 50dB, and low and optimized power consumption up to -30%.
    
    All the equipment will be manufactured at Danieli workshops in Buttrio in Italy.
    
    This order follows the successful commissioning and startup of the first pinion/rack drawing bench for tubes at another European drawer.
    
    Since 1960 Danieli has supplied 288 drawing lines (coil-to-bar and bar-to-bar) for ferrous and nonferrous materials.
13. voda 14 september 2021 07:12

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    APL Apollo Tubes Receives Design Patents for 6 Innovative Products
    By Strategic Research Institute on Sep 14, 2021 09:31 am
    
    The Office of the Controller General of Patents, Designs & Trademarks has recently granted six registrations to the innovative products of APL Apollo Tubes Limited. With these fresh registrations, the overall portfolio for APL Apollo Tubes has risen to 16. APL Apollo Tubes said “This is an affirmation of our innovative aspiration to create new market for structural steel tubes and redefine how infrastructure development is planned in India. These products will be used in various building material applications and would replace existing conventional construction products like wood, aluminum, concrete and steel angles and channels.”
    
    The structural steel tubes provide the ability to design with flexibility, without compromising on the durability and strength of the structure. In addition to this, construction with Tubular Steel Structures is faster with better seismic resistance and the resultant structure has higher carpet area, all at substantially lesser costs than conventional construction models, including RCC structures. Moreover, Tubular constructions are more sustainable and environment friendly, without any water or air pollution emanating due to the construction process, thus aligning well with the Ministry of Steel's rallying call of #SteelForGreen.
    
    
14. voda 14 september 2021 07:13

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    Lucchini FA.RO Acciai Merge ToolSteel Business into Lucchini FA.RO
    By Strategic Research Institute on Sep 14, 2021 09:35 am
    
    The Italian Lucchini RS group announced that Lucchini FA.RO is the name of a new company born from the merger between Lucchini RS group’s distributor of tool steels Lucchini Tool Steel and leading distributors of tool steel in Europe FA.RO Acciai. Lucchini FA.RO will operate from its three industrial sites in Pozzo dAdda in Milan, Suisio in Bergamo and Padua, with about 70 employees, production areas of over 20,000 square meters, 60 automatic sawing machines and overhead cranes up to 50 tonnes. The new company will have a combined turnover of over EUR 50 million. By combining the market shares and strengths of the two previous entities, Lucchini FA.RO proposes itself as a leader in the sector of the sale of quality steels for tools, intended for the production of molds for plastic, die casting, extrusion and hot forging, becoming one of the most important European service centers in the sector, aimed at following better and better the vast national and European clientele.
    
    Lucchini Tool Steel, 100% controlled by the Lucchini RS group, was started in 2017 after the acquisition of the Euras business unit in Desio, a company with experience in machining, sales and distribution of tool steels. Lucchini RS is a primary integrated European manufacturer of tool steels, equipped with the entire production process chain from the steel mill to the forging units in Lovere in Bergamo and Cividate Camuno in Brescia, to the research and development of materials, heat treatments and tests, up to the sale and after-sales assistance, thus guaranteeing the entire cycle of the product sold. The company is active in the distribution of steels for molds for various sectors including: automotive, household appliances, electronics, lenses, optics, food, packaging, medical and aerospace ". In 2020 it generated revenues of 12 million euros and has 27 employees.
    
    On the other hand, FA.RO Acciai has for decades been an undisputed reference in the sale and distribution of tool steels. Founded in 1984 by the Valsasina family, FA.RO ACCIAI has been recognized on the market as excellence in the distribution of steel blocks cut to size for the construction of molds for plastic materials, for die-casting equipment for aluminum alloys and for the forging of metals. In 2020 it generated revenues of 35 million euros and currently has 43 employees.
15. voda 14 september 2021 07:13

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    Krakatau Steel Forms Baja Konstruksi for Construction Supplies
    By Strategic Research Institute on Sep 14, 2021 09:38 am
    
    Indonesian state-owned steelmaker publicly listed PT Krakatau Steel has established a sub holding Krakatau Baja Konstruksi to improve its efficiency and competitiveness in the construction supplies segment. Krakatau Baja Konstruksi will manage four of the steelmaker's subsidiaries PT Krakatau Wajatama, PT KHI Pipe Industries, PT Krakatau National Resources and PT Krakatau Niaga Indonesia.
    
    PT Krakatau Steel President Director Mr Silmy Karim said “This Krakatau Steel Construction Subholding is the second subholding after the Krakatau Steel Infrastructure Subholding was previously formed in June 2021. The subholding, which specializes in steel supplies, is expected to optimize the company’s performance in several ways, including implementing efficiency measures, refining the business model and strengthening its market share in the downstream segment. The establishment of Krakatau Baja Konstruksi will contribute positively to Krakatau Steel’s performance.”
    
    This subholding has several production facilities including steel reinforcement and profile steel with a capacity of 300,000 tonnes per year, wire rod products 500,000 tonnes per year, and steel pipe products with a capacity of 230,000 tonnes per year.
    
    Products from the Krakatau Steel Construction Subholding include profile steel (H and I beam), concrete reinforcement steel, including angle steel, spiral steel pipe, Electric Welding Resistance (ERW) steel pipe, as well as finished products such as towers, steel bridges, buildings steel, steel power poles, and others. While the downstream steel products are Welded I Beam & H Beam, Custom Plate, Floordeck, Electric Pole, Galvalume mild steel in the form of Canal C roof truss and Asymmetric Reng, gutter plates, Hollow pipes, metal roof tiles, and roofs.
16. voda 14 september 2021 07:13

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    AMNS India & NSIC Ink MoU to Supply Steel Products to MSMEs
    By Strategic Research Institute on Sep 14, 2021 09:42 am
    
    ArcelorMittal Nippon Steel India announced signing of a Memorandum of Understanding with the National Small Industries Corporation to ease buying of steel for Micro, Small & Medium Enterprises and accelerate the distribution of steel products to widely scattered MSME hubs. AM/NS India and NSIC teams will develop a network which will deliver critical products to the hard-hit MSME segment. AM/NS India will give access to and utilise its wide network of Hypermarts, Steel Processing Centres and e-Sales to serve as the backbone to the initiative. NSIC will provide access to its marketing network and infrastructure, and provide financial support to market AM/NS India products to relevant target markets.
    
    The partnership aims to support and revive MSMEs which were acutely affected by the pandemic by helping them increase their customer base. Through this agreement, MSME customers will be able to avail of special pricing which will be determined by NSIC, AM/NS India, and prevailing market conditions. The two sides will work together to strengthen the partnership and align objectives as per market conditions.
17. voda 14 september 2021 07:14

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    Severstal Increased Stake in Wind Tower JV Bashni VRS to 49%
    By Strategic Research Institute on Sep 14, 2021 09:45 am
    
    Russian steel maker Severstal has bought 24.5% stake from one of the partners of the VRS Bashny joint venture JSC RUSNANO. The deal was closed in September 2021, as a result of which Severstal's share in the joint venture increased to 49%. The share of another partner, the Spanish company Windar Renovables SL, remains unchanged at 51%. The decision of RUSNANO to withdraw from the project for the production of towers for wind power plants in Taganrog was made after the joint venture reached the planned economic indicators.
    
    VRS Towers, a joint venture between Severstal, Windar Renovables SL and RUSNANO, was established in 2018. Initially, the partners' shares were distributed as follows: Windar Renovables 51%, RUSNANO and Severstal - 24.5% each. Two years later, VRS Towers reached the design capacity, which is up to 145 towers per year. This is the number of wind turbine towers that were produced in 2020. Since the beginning of its work, the enterprise has produced more than 340 steel wind turbine towers. During the existence of the VRS Tower, more than 1 billion rubles have been invested in its development.
    
    Today VRS Towers is the leading manufacturer of wind turbine towers in Russia. Green power plants built using the company's equipment have already been installed in the Kamensky, Azov and Verkhnedonsky districts of the Rostov region, as well as in the Murmansk region. Also in the plans of "VRS Towers" is the supply of products for export.
    
    Steel blanks for towers of wind power plants are manufactured at the service metal center in Kolpino, part of the Severstal Russian Steel division). The supply of steel products from Severstal guarantees the raw material safety of the project and quality control throughout the entire technological chain.
    
    The steel tower of the wind turbine is a hollow structure of a set of cylindrical sections of a conical shape, on which the nacelle and the rotor of the wind turbine are installed, in order to contact the rotor mechanism of the wind turbine with the wind flow. Steel towers are made from steel sheets pre-cut to a certain size, which are then rolled and welded together with subsequent finishing, painting.
18. voda 14 september 2021 07:15

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    Mr Atul Bhatt Assumes Charge as CMD of RINL
    By Strategic Research Institute on Sep 14, 2021 09:50 am
    
    Mr Atul Bhatt has assumed charge as the new CMD of RINL-Visakhapatnam Steel Plant. Mr Bhatt was appointed as Chairman & Managing Director of Rashtriya Ispat Nigam Ltd by Ministry of Steel on 2 September 2021 for the post till date of his superannuation ie November 30, 2024, or until further orders, whichever is earlier. On June 25, the Public Enterprises Selection Board had recommended Mr Bhatt’s name for the post of CMD of RINL. Mr Bhatt was the only candidate who was interviewed by the selection panel and recommended for the post of CMD of RINL VSP.
    
    Mr Bhatt is a Chemical Engineering graduate from IIT-Delhi. He also did post-graduation in Management from IIM-Calcutta. Prior to joining MECON he was Executive Director Business Development & Corporate Planning in NMDC Limited. He has also served in ArcelorMittal as Country Manager Iran and General Manager Mergers & Acquisition. Mr Bhatt has also worked in Tata Steel for a number of years, where he started his career as a Graduate Trainee in 1986.Mr Bhatt was earlier the Chairman and Managing Director of MECON Limited.
19. voda 14 september 2021 07:15

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    RINL’s Forged Wheel Plant at Rae Bareli to Start Production by Oct
    By Strategic Research Institute on Sep 14, 2021 09:52 am
    
    India’s Minister of State for Steel & Rural Development Mr Faggan Singh Kulaste visited Forged Wheel Plant of Rashtriya Ispat Nigam Limited in Rae Bareli Uttar Pradesh. After touring the various sections right from Saw area, the Forging line to Heat Treatment, the machining and testing of a forged wheel of the Forged Wheel Plant and witnessed the entire process of wheel making, he wished that the Forged Wheel Plant will go for commercial production of the wheels very soon which will benefit by import substitution. He told PTI "The trial production has already been done. A few last minute trials are under progress following which it will be ready for commissioning. We are looking to begin the commercial production of forged wheels by September-October.”
    
    Earlier, the company’s plan was to start the commercial production by March-April 2020 following the hot trial of forged wheel lines at the plant but it was disrupted due to the coronavirus-induced lockdown. During lockdown, foreign experts involved in trials required before commissioning the plant also left for their respective countries in Europe, which further delayed the production.
    
    Rashtriya Ispat Nigam Ltd has set up the said plant at a cost of around Rs 1,700 crore with a production capacity of 100,000 pieces of forged wheels per annum. The wheels will be supplied to the Indian Railways for coaches.
20. voda 14 september 2021 09:53

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    Advies van Barclays over Arcelor Mittal
    Beurshuis Barclays
    Aandeel ArcelorMittal
    Datum 13 september 2021
    Advies Overweight
    Koersdoel 40,00 EUR
    
    Detail advies
    (Trivano.com) - Op 13 september 2021 hebben de analisten van Barclays hun beleggingsadvies voor ArcelorMittal (MT; ISIN: LU1598757687) herhaald. Het advies van Barclays voor ArcelorMittal blijft "overweight".
    
    Het koersdoel wordt door de analisten verhoogd van 39,00 EUR naar 40,00 EUR.
    
    Op 11 februari 2021 publiceerde ArcelorMittal zijn jaarresultaten.