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AIC Group Acquires Majority of Kern Industrie Automation GmbH

By Strategic Research Institute on Sep 28, 2021 09:01 am

Italian steel technology & equipment maker Automazioni Industriali Capitanio and Kern Industrie Automation will reinforce their previous agreements and will join forces more intensively to quicken market presence and improve service level for customers worldwide. Due to the AIC Group acquisition of the KIA share majority, a new internationally-oriented alliance is formed, driven by the same target in creating compelling values for both companies and our clients.

A definitive agreement would accelerate growth for both parts, develop top-notch engineering solutions and shape joint engineering and services centres cutting edge. This is a further strengthening of the already collaboration and a decisive step towards the future-oriented plans in the companies pipeline. Aligned cooperation that will lead to the development of innovative plans and expand AIC presence also in new areas

KERN branches in China and the Czech Republic will enter into strategic dimension and will act as hubs for international expansion.
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Gerdau Long Steel North America Breaks Ground on Solar Project

By Strategic Research Institute on Sep 28, 2021 09:04 am

Leading solar energy company174 Power Global, Gerdau Long Steel North America and TotalEnergies, announced the beginning of construction of the Midlothian in Texas Gerdau Solar project, one of the largest behind-the-metersolar facilities in the US. The 700-acre site, directly adjacent to the Gerdau Midlothian Steel Mill, is comprised of more than 231,000 solar panels and Gerdau’s industry-leading solar beam pilings. The Gerdau Solar project will provide reliable, green power to the Midlothian steel mill, and offset the emissions of more than 13,000 average Texas households. The project is expected to reach commercial operation by the summer of 2023.

Gerdau and 174 Power Global previously signed a 20 year Power Purchase Agreement (PPA) agreement for the power generated at the facility, and TotalEnergies is actively participating in the development of the project through a 50/50 joint venture agreement with 174 Power Global.

Gerdau Long Steel North America manufactures structural steel, piling, rebar, merchant bar, and special bar quality products for the agricultural, automotive, civil construction, distribution, energy, industrial, and mining markets. GLN operates seven mills in the United States and three in Canada, and is a wholly owned subsidiary of Gerdau SA.
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GMS Market Commentary on Ship Breaking in Week 38

By Strategic Research Institute on Sep 28, 2021 09:07 am

World's leading cash buyer of ships for recycling GMS said that “As the sub-continent markets continue their dreary trudge towards the onset of Q4, the industry seems to have entered a confused and shaky state, as all sub-continent market sentiments seem to be headed in the same direction i.e. downwards. While all sub-continent locations have registered varying rates of reduction, Bangladesh seems to have taken it the worst, with sentiments there truly putting the brakes on some of the higher priced units on offer. On the other side and despite weakening levels of their own, both India and Pakistan seem to be comparatively more eager to conclude units and Pakistan has even managed to steal a unit away from Bangladesh that was coming in from the Far East last week, a true first in recent memory.”

GMS said “Lastly, the Turkish market seems the most well placed of all major international recycling locations, with continued stability in plate and vessel prices leading to a far more stable market, as offerings from Turkey remain steady for yet another week.”

GMS added “Overall, China’s unexpected decision to curtail the sale of Chinese billets to the sub-continent markets has certainly let local steel plate prices to climb to levels not seen for over a decade now, as recycling prices finally start to experience their share of volatility.”

GMS also said “Demand also remains stable but not overwhelming largely from the tanker and offshore sectors, such is the bullish state of dry and container markets this year. In other sales news, of the 4 sanctioned VLCCs there were recently concluded for recycling, 2 of which have reportedly been fixed into Bangladesh and Pakistan respectively. If true, it remains interesting to see just how these financial transactions will be eventually concluded via the banks or will these deals fail?”

GMS Pricing

India/Bangladesh/Pakistan – Week 38, SHAKY WAKY!

Dry Bulk – USD 560-590 per LDT

Tankers - USD 570-600 per LDT

Containers - USD 580-610 per LDT
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Hyundai Steel to Recycle Sludge for Fluorite Recovery

By Strategic Research Institute on Sep 28, 2021 09:10 am

South Korean media reported that world's largest memory chip producer Samsung Electronics Co and Hyundai Steel Co have developed a new technology that can reuse wastewater sludge created during the chip manufacturing process as a supplementary material in steelmaking. The two firms joined hands to develop a recycling technology utilizing calcium fluoride in semiconductor wastewater sludge that is similar to fluorite used in steelmaking to reduce melting temperatures and remove impurities.

Samsung and Hyundai Steel, along with local recycling firm Pos Ceramics, last year signed a partnership to develop a recycling technology for wastewater sludge. In April this year, Hyundai Steel used 30 tons of the fluorite substitutes to produce steel products at its plant in Dangjin, South Chungcheong Province. Their new technology was approved on Aug. 31 after assessments from local environmental agencies.

Fluorite is a mineral that South Korean steelmakers rely entirely on imports. Hyundai Steel brings in about 20,000 tonnes of fluorite a year, but with the new technology, the company plans to replace 10,000 tonnes of fluorite with recycled wastewater sludge starting at end-October. Hyundai Steel also expects to reduce procurement costs for fluorite.

Samsung has been sending its wastewater sludge to cement factories, but the latest technology will allow the company to have more options to meet its environment-friendly objectives.
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MPI CEO Mr McDonald Hails Pledges to Decarbonise Steel Industry

By Strategic Research Institute on Sep 28, 2021 09:13 am

UK’s Materials Processing Institute Chief Executive Mr Chris McDonald has welcomed the support of politicians from all sides in the creation of a green steel industry. Mr McDonald said “The transition to green steel delivers a double benefit through decarbonisation to meet net zero commitments alongside new productivity gains that will transform the international competitiveness of UK steel. Britain’s competitors in Germany, Canada, China and beyond are putting the investment in now to support the transition to green steel through hydrogen and electric arc furnaces so the UK steel industry will welcome the drive to embed modernisation in this country too. Innovation to deliver the new technologies essential for green steel is fundamental to the Institute’s work in Redcar, including our PRISM programme focused on decarbonisation, digital technologies and the circular economy. Therefore, I welcome the ambition for government and steel companies to work in partnership to deliver a step change for the British steel industry that will make us amongst the greenest and most competitive in the world.”

UK’s Opposition Labour Party’s Shadow Energy Secretary Mr Ed Miliband has pledged that Labour would invest up to GBP 3 billion to decarbonise the sector as part of its plans for the green industrial revolution.

Last year the British Government awarded the Materials Processing Institute GBP 22 million to lead a five-year research and innovation programme to revolutionise the steel and metals sector. The projects include: the development of low carbon, electric and hydrogen-based steelmaking, scrap recycling and new sustainable processes; new technologies for the extraction and recycling or rare metals, and the development and commercialisation of technologies in the SME supply chain to increase productivity and product capability. Both electric arc technology and hydrogen would replace the need to produce steel using highly polluting coal-fired blast furnaces and reduce the country’s reliance on foreign steel. Electric arc furnaces also use high currents to melt down scrap steel, which, burns off impurities to convert it into liquid steel.
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LB Foster Sells Off Steel Piling Products Division to JD Fields

By Strategic Research Institute on Sep 28, 2021 09:15 am

Leading US provider of products and services for the rail industry and solutions to support critical infrastructure projects LB Foster Company announced that it completed the sale of its steel Piling Products line of business to JD Fields & Company Inc on September 24, 2021 for approximately USD 24 million in total proceeds. The Company is retaining all pre-closing receivables and liabilities associated with the business. The asset sale includes all inventory held by the Company associated with the line of business, as well as the related fixed assets, including its Petersburg, VA facility.

The Piling Products division produced revenues of approximately USD 43 million for the six months ended June 30, 2021 and USD 59 million for the twelve months ended December 31, 2020.

LB Foster Company has begun narrowing its investment focus in the more profitable areas of Rail Technologies and Precast Concrete Products as there is substantial opportunity in these markets
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Steel Pipe Maker Stupp Corp Laying Off 45 at Baton Rouge Plant

By Strategic Research Institute on Sep 28, 2021 09:21 am

Baton Rouge LA headquartered Stupp Corporation expects to lay off 45 workers at its Baton Rouge pipe fabrication manufacturing plant the pipe facility along Ronaldson Road in mid-November. Stupp Corporation filed Wage Adjustment and Retraining Notification Act notice with the Louisiana Workforce Commission in early September. Corporation Vice President of Human Resources Mr John Rhodes said the layoffs were the result of the oil market's decline. Mr Rhodes wrote “"The Company carefully analysed this situation and its available options, and it is with regret that it must be reported that the Company has decided to substantially reduce its operations at its steel manufacturing plant.”

Most of the employees are part of the local United Steelworkers union but some are salaried workers and layoffs are expected to continue for six months.

Stupp blamed the decline in the oil market for the reason it will have excess capacity as its pipe manufacturing plant. In October 2020, Stupp told the state it decided to lay off 300 workers at the pipe manufacturing plant alongside 75 workers at a sister business a pipe coating operation in Baton Rouge.

When the price of crude oil was USD 100 a barrel in 2012, the company had 600 employees in the region but has laid off workers before when prices dropped.

Stupp has been in operation since 1952. Stupp Coatings, which was founded in 1994, has operations along Leisure Road and at the Port of Greater Baton Rouge.
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Income Tax Raids 4 Steel Makers in Jalna in Maharashtra

By Strategic Research Institute on Sep 28, 2021 09:26 am

The Income Tax Department carried out a search and seizure operation on 23.09.2021 on a group of four major Steel Rolling Mills based in Jalna in Maharashtra. The operation was conducted in more than 32 premises spread across Jalna, Aurangabad, Pune, Mumbai and Kolkata.

Commissioner of Income Tax (Media & Technical Policy) & Central Board for Direct Taxes spokesperson Ms Surabhi Ahluwalia said “During the course of the search and seizure operation, many incriminating documents, loose sheets and other digital evidences were found and seized. These evidences clearly indicate the involvement of the companies in large scale unaccounted financial transactions made outside the regular books of accounts, including inflation of purchases using entry providers, unaccounted cash expenses and investments, etc. The evidences found also indicate the laundering of substantial amount of unaccounted income earned by the companies in the guise of share premium and unsecured loans using shell companies. Evidence for unaccounted purchase in excess of INR 200 crore has been found. Huge quantity of unaccounted stock was also found in the factory premises of the companies.”

Ms Ahluwalia added “12 bank lockers were unearthed during the search operation. Unaccounted cash of more than INR 2.10 crore and jewellery amounting to INR 1.07 crore has been seized from different premises. Evidence detected so far, indicates that, unaccounted income is likely to exceed INR 300 crore and the four companies have already disclosed additional income to the extent of INR 71 crore consequent to the search.”

Further investigations are in progress.

These companies are engaged in the business of manufacturing steel TMT bars and billets mostly using steel scrap as raw material.
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Rungta Mines & Tata Steel Bag Mineral Blocks Odisha Auctions

By Strategic Research Institute on Sep 28, 2021 09:32 am

Rungta Mines Limited and Tata Steel have joined the list of winners in ongoing auction of mineral blocks in Odisha. While Rungta Mines won Jumka Pathiriposhi Pahar iron ore block, Tata Steel bagged the Gandhalpada iron ore block.

- Rungta Mines - Jumka Pathiriposhi Pahar iron ore block in Koira mining circle of Sundargarh district. The virgin mine has an area of 1.57 square kilometres, 158.509 hectare, with explorations done up to the G2 level. It has an estimated iron ore resource of 140.28 million tonne with average grade of 56.14%.

- Tata Steel - Gandhalpada iron ore block in Keonjhar district. The mine has an area of 2.41 square kilometres, 241.1 hectare, with explorations done up to G2 level and geological resource of 314.37 million tonnes of average Fe at 60.48%

Previous Winners

- Jindal Steel and Power Ltd - Kasia iron ore & dolomite block, spread over 194.19 hectares in Odisha. The Kassia iron ore mine was earlier operated by Aditya Birla Group owned Essel Mining till the lease period expired.

- ESL Steel Ltd - Nadidih iron ore block BICO in Koira area of Sundargarh in Odisha. The entire leasehold area of 73.855 hectare has been explored up to G2 level of exploration and has total geological resources of around 27 million tonne of iron ore.

The bidding for 11 mineral blocks, for which notice inviting bids was issued on July 7, has started from 18 September. Total 123 bids have been received for these mineral deposits, of which seven are virgin blocks while leases of four blocks have expired. The bidders, who would bag these un-explored blocks, have to develop the blocks for mining.

The blocks which are up for grabs in the auction process include

- Kasia

- Nadidih (Bico)

- Nadidih (Feegrade)

- Teherai

- Pureibahal

- Chandiposhi

- Jumka

- Dholtapahar

- Netrabandha Pahar (West)

- Gandhalpada

- Karlapat

The Odisha government has put the auction of Karlapat iron ore and bauxite block on hold till further notice following a court order. As the block lies near the Karlapat Wildlife Sanctuary, a designated elephant corridor in Kalahandi district considered ecologically very sensitive, environmentalists were oppose d to the mining operation in the area.
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Tata Steel Joins Sea Cargo Charter to Cut Emissions in Ocean Trade

By Strategic Research Institute on Sep 28, 2021 09:35 am

In line with its sustainability objectives and initiatives on reduction of Scope 3 greenhouse gas emission in ocean trade, Tata Steel joined the Sea Cargo Charter on September 3, 2021. Tata Steel becomes the first steel producing signatory of the Sea Cargo Charter. The Company is the 24th organisation to join the association working to reduce environmental impacts of global seaborne cargo. Tata Steel Vice President Supply Chain Mr Peeyush Gupta said “With our seaborne global volume in excess of 40 million tonnes per annum, this is a decisive step in the direction to measure correctly and mitigate efficiently & innovatively.”

The Sea Cargo Charter is a global framework for assessing and disclosing the climate alignment of chartering activities. It establishes a common, global baseline to quantitatively assess and disclose whether chartering activities are in line with climate goals set by UN maritime agency, the International Maritime Organization. The IMO’s Initial GHG Strategy prescribes to reduce the total annual GHG emissions generated by shipping activity by at least 50% of 2008 levels by 2050, whilst pursuing efforts towards phasing them out as soon as possible in this century.

Launched in October 2020, there are currently 24 Signatories standing behind this initiative.

- ADM (Food Processor)

- Anglo American (Miner)

- Bunge (Agribusiness)

- Cargill Ocean Transportation (Shipping)

- COFCO International (Agribusiness)

- Diamond Bulk Carriers (Shipping)

- Dow (Chemical)

- Eagle Bulk (Shipping)

- Enviva (Wood)

- Equinor (Oil & Gas)

- Gunvor Group (Commodity Trading)

- Holcim Trading (Cement)

- Klaveness Combination Carriers (Shipping)

- Louis Dreyfus Company Gas)

- Gunvor Group (Commodity Trading)

- Maersk Tankers (Shipping)

- Norden (Shipping)

- Nova Marine Carriers (Shipping)

- NYK Bulkship (Atlantic) NV (Shipping)

- Ørsted (Energy)

- Shell (Oil & Gas)

- Tata Steel Group (Steel)

- Torvald Klaveness (Shipping)

- TotalEnergies (Oil & Gas)

- Trafigura (Commodity Trading)
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Usiminas to Halt Ipatinga Blast Furnace 2 over Incident

By Strategic Research Institute on Sep 28, 2021 09:38 am

Brazilian steelmaker Usinas Siderurgicas de Minas Gerais SA announced that in view of an incident in the Great Cone of the Blast Furnace No 2 of the Ipatinga Plant on September 24th, 2021, Blast Furnace will have its operation paralyzed for a period between 90 and 150 days, depending of the repairing solution to be implemented. The equipment has the capacity to produce 55 thousand tonnes of pig iron per month, or around 600 thousand tonnes per year.

Usiminas expects to compensate the lower crude steel production by using its inventories and by purchasing slabs in the market, minimizing the impacts on meeting its commitments to customers.

Usiminas had resumed production at Blast Furnace No 2 on June 14th, 2021, after a pause lasting about fourteen months.
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US Steel Portage Plant Pollutes Lake Michigan Tributary

By Strategic Research Institute on Sep 28, 2021 09:41 am

US Steel has shut down operations at its Midwest Plant in Portage in Indiana US as a precaution after experiencing an upset condition with the finishing line wastewater treatment plant. The plant operations will remain down until the condition is stabilized. US Steel said “This upset is currently believed to be the cause of the discoloured water seen coming from one of our outfalls. Early indications show higher than normal suspended solids in the water, and we are conducting additional sampling and an investigation to determine the cause. US Steel made all appropriate notifications to regulatory agencies and some officials have been onsite, including the US Environmental Protection Agency, the Indiana Department of Environmental Management, the US Coast Guard and Porter County. We will continue to work with regulators and the community and will provide additional updates as they become available.”

US Steel Midwest plant is said to be spewing an orange substance, which in turn pollutes a Lake Michigan tributary, after travelling along Burns Waterway. According to Portage Mayor Sue Lynch, the substance started to appear in the water near the plant’s outfall, which was reported as early as 5.50 PM. This has later spread into the open area. The Indiana Department of Environmental Management has been notified about the incident

In response to the event, the Indiana Dunes National Park has closed Portage Lakefront, Riverwalk and all of its beaches until further notice, as a safety precaution. In addition, the Indiana American Water too has decided to shut down its Ogden Dunes treatment facility Sunday night, until it receives confirmation of zero-threat to its water resources from additional water sampling tests.

The apparent spill at the US Steel Midwest plant comes weeks after a federal judge approved a revised settlement with the company, more than four years after the Portage plant discharged wastewater containing a potentially carcinogenic chemical into the Burns Waterway. Two weeks back, the US District Court for the Northern District of Indiana had approved the revised consent decree requiring the company to address violations by undertaking substantial remedial measures at its Portage facility. US Steel has paid around USD 3 million during recent years, for wastewater permit violations.
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1 miljard voor groenere staalproductie ArcelorMittal in Gent

ArcelorMittal gaat zijn hoogoven in Gent vervangen door een innovatieve installatie, goed voor een jaarlijkse CO2-reductie van 3,9 miljoen ton. ©BELGA
MARIE VAN OOST
Vandaag om 10:35

ArcelorMittal, de federale en Vlaamse overheid investeren samen 1 miljard euro om de productie van de staalreus in Gent te vergroenen. Het bedrijf wil zijn CO2-uitstoot met 3,9 miljoen ton per jaar terugdringen. Dat is zowat 4 procent van de totale CO2-uitstoot van Vlaanderen.

De fabriek van ArcelorMittal in Gent krijgt in de toekomst groenere ovens. Dat staat in een intentieverklaring die het bedrijf, de Vlaamse en federale overheid dinsdag hebben ondertekend. Samen investeren ze 1,1 miljard euro in een DRI-oven (direct-gereduceerd ijzer) en twee elektrische ovens. Een DRI-oven gebruikt gas in plaats van steenkool en kan later wellicht op waterstof draaien. Dat levert op termijn een belangrijk CO2-reductie op.

De Vlaamse overheid en ArcelorMittal investeren samen 700 miljoen euro om het bedrijf te helpen klimaatneutraal te worden. Beide partijen investeren 350 miljoen euro in Finocas, de joint venture van de overheid en ArcelorMittal. Dat heeft minister-president Jan Jambon (N-VA) aangekondigd.

'ArcelorMittal heeft de ambitie om tegen 2050 volledig klimaatneutral te zijn, met de duidelijke tussentijdse doelstelling om de uitstoot van broeikasgassen met 35 procent te verminderen tegen 2030', zegt Jambon. 'Een cruciale stap in dat proces is de vervanging van een hoogoven.'

Klimaatneutraal
ArcelorMittal zal de oven vervangen door een innovatieve installatie. Dat moet resulteren in een jaarlijkse CO2-reductie van 3,9 miljoen ton. Dat is zowat 4 procent van de totale CO2-uitstoot van Vlaanderen. Op Europees niveau wil ArcelorMittal de CO2-uitstoot met 35 procent naar omlaag. Tegen 2050 wil de staalreus klimaatneutraal zijn in Europa.

Jambon wijst op het belang van die operatie voor Vlaanderen. 'Ten eerste is ArcelorMittal een belangrijke economische speler, met 5.000 werknemers in Gent die samen meer dan 5,5 miljoen ton staal produceren, dat grotendeels uitgevoerd wordt naar de rest van Europa.'

ArcelorMittal kondigde maandag nog een andere klimaatinvestering aan, in samenwerking met de Europese Investeringsbank (EIB). Met een lening van 280 miljoen euro gaat ArcelorMittal een nieuw onderzoeks- en ontwikkelingsprogramma naar het bannen van koolstof financieren. De voorbije vier jaar schreef de EIB al ruim 400 miljoen euro uit voor ArcelorMittal, waarmee het bedrijf onder andere innovatieve giettechnieken, alternatieve coatings en nieuwe walstechnologieën ontwikkelde.

www.tijd.be/ondernemen/milieu-energie...
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ArcelorMittal wil CO2 uitstoot in Belgie verlagen
Investering van ruim een miljard euro in nieuwe fabriek.

(ABM FN-Dow Jones) ArcelorMittal wil met de bouw van een nieuwe staalfabriek in Gent de CO2 uitstoot verlagen. Di kondigde de staalreus dinsdag aan.

Het bedrijf heeft een intentieverklaring ondertekend met de Belgische en Vlaamse regeringen ter ondersteuning van een project ter waarde van 1,1 miljard euro voor de bouw van een fabriek met een capaciteit van 2,5 miljoen ton op zijn site in Gent, alsook twee nieuwe elektrische ovens.

Daarmee hoopt ArcelorMittal de CO2-uitstoot in België in 2030 met 3,9 miljoen ton per jaar te verminderen.

Door: ABM Financial News.

info@abmfn.nl

Redactie: +31(0)20 26 28 999
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Update: Aperam rondt aandeleninkoop af
Familie Mittal nog belang van 41 procent.

(ABM FN-Dow Jones) Aperam heeft zijn aandeleninkoopprogramma van 100 miljoen euro afgerond. Dit maakte de specialist in roestvast staal dinsdag bekend.

Er werden 1,96 miljoen eigen aandelen ingekocht, waarvan 1,16 miljoen op de markt en 802.650 van de familie Mittal. Die familie heeft nog altijd een belang van net geen 41 procent in Aperam.

In totaal spendeerde Aperam tussen 17 augustus en 24 september dit jaar 99,96 miljoen euro.

Update: om meer informatie toe te voegen.

Door: ABM Financial News.

info@abmfn.nl

Redactie: +31(0)20 26 28 999
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US Steel Update on Rust Colored Discharge in Lake Michigan

Strategic Research Institute
Published on :
29 Sep, 2021, 5:29 am

WTTW News reported that US Steel is reporting that a rusty colored discharge that poured into Lake Michigan on Sunday from its plant in Portage in Indiana was due to elevated iron levels. US Steel spokeswoman Ms Amanda Malikowski wrote in an email “Analysis of the water from the outfall taken during the time of the incident showed elevated concentrations of iron causing the discoloration. There are no indications of permit level exceedances for hexavalent and total chromium, as those sampling results came in well below permit limits.”

However, the Indiana Department of Environmental Management, which is leading the investigation into the spill, said it is still awaiting sample results taken by US EPA. Spokeswoman Ms Sarah Bonick said “Once the results are received and analyzed, we’ll provide an update.”

US Steel shut down the Midwest Plant as officials investigated the cause of the spill. The discharge flowed into the Burns Waterway, a ditch that runs next to the company’s steel mill and drains into Lake Michigan. Sunday’s spill prompted the National Park Service to temporarily close the waters off all beaches at Indiana Dunes National Park, and Indiana American Water to shut down its treatment plant at Ogden Dunes, which draws water for northwest Indiana from Lake Michigan near the steel plant.

Hexavalent chromium is a toxic heavy metal used in a number of industrial processes. The chemical was made famous by the film “Erin Brockovich” and can cause cancer in humans when they are exposed to it by breathing.
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Egyptian Steel Export Surge in 8 Months of 2021

Strategic Research Institute
Published on :
29 Sep, 2021, 5:32 am

Amwal Al Ghad reported that Egypt’s steel exports in the first eight months of 2021 have jumped by 197% YoY to USD 1.097 billion, from USD 369 million in the same period of 2020. According to the Egyptian Export Council for Building Materials monthly report “10 countries have had the lion’s share of the Egyptian iron and steel exports in the January-August 2021 period. They are Italy, Spain, Saudi Arabia, the United States, Canada, Brazil, Portugal, Belgium, Netherlands and Turkey.”

- Italy - USD 269.285 million

- Spain – USD 258.587 million

- Saudi Arabia – USD 100.503 million

- United States – USD 89.336 million

- Canada - 56.621 million

- Brazil – USD 50.932 million

- Portugal – USD 43.271 million

- Belgium – USD 28.495 million

- Netherlands – USD 18.272 million

- Turkey – USD 18.167 million

Egypt has exported iron and steel to 76 countries in the January-August period this year, including 18 markets that were not included in the January-August 2020 period. They are Pakistan, Djibouti, Ireland, Belize, Trinidad and Tobago, Peru, Federation of Nigeria, Guyana, Congo (Brazzaville), Mayotte, Burundi, Ecuador, Guinea, Iraq, Slovakia, South Africa, Czech, and Réunion IslandAmwal Al Ghad reported that Egypt’s steel exports in the first eight months of 2021 have jumped by 197% YoY to USD 1.097 billion, from USD 369 million in the same period of 2020. According to the Egyptian Export Council for Building Materials monthly report “10 countries have had the lion’s share of the Egyptian iron and steel exports in the January-August 2021 period. They are Italy, Spain, Saudi Arabia, the United States, Canada, Brazil, Portugal, Belgium, Netherlands and Turkey.”
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Marubeni Itochu Steel Strengthens Alliance with Aisha Steel Mills

Strategic Research Institute
Published on :
29 Sep, 2021, 5:34 am

Japanese Marubeni Itochu Steel Inc has entered into a strategic alliance with Karachi Pakistan based Aisha Steel Mills Limited. They have signed a Trade Development Agreement in order to expand steel business in Pakistan, pursuant to which, it has been agreed that subject to certain conditions, Aisha Steel Mills Limited has appointed Marubeni-Itochu Steel Inc as its supplier for buying or procuring its raw material on a mutually beneficial basis.

Additionally, Marubeni Itochu Steel Inc has purchased 38,276,000 Ordinary shares of Aisha Steel Mills Limited from its owner Arif Habib Corporation Limited at a price of PKR 30 per share, constituting approximately 4.69% of the issued share capital of ASML.”

Aisha Steel Mills Limited is located at Bin Qasim in Karachi and produces CR & HDG steel at a capacity of 220,000 tonnes per year.
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NMDC & CSIR-IMMT Sign MoU for Iron Ore & Steel Industry R&D

Strategic Research Institute
Published on :
29 Sep, 2021, 5:37 am

National Mineral Development Corporation Ltd R&D Centre and CSIR-IMMT have signed a MoU to pursue joint Research and Development projects. The primary focus of the collaboration between NMDC and CSIR-IMMT will be the development of indigenous technology for making the Indian mineral industry self-reliant. The joint venture will utilize the vast knowledge and experience of CSIR-IMMT and NMDC R&D centre for research in the area of low & lean grade iron ore processing, beneficiation of coal, utilisation of mines waste, slurry transportation and recovery of Tungsten.

CMD NMDC Mr Sumit Deb said “While the Indian mining sector enters an era of self-reliance, NMDC is making investments to enhance the use of indigenous technology in mining. This collaboration with CSIR-IMMT is a significant step in that direction.”

CSIR-Institute of Minerals and Materials Technology was established in 1964 as Regional Research Laboratory at Bhubaneswar under the aegis of the Council of Scientific and Industrial Research New Delhi. It was renamed in 2007 with a renewed research focus and growth strategy to be a leader in the areas of mineral & material resource engineering. The institute has expertise in conducting basic research and technology oriented programs in a wide range of subjects to address the R&D problems of mining, mineral and metals industries and ensure their sustainable development.
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ArcelorMittal Liberia Concerned About Labor Ministry's Opinion

Strategic Research Institute
Published on :
29 Sep, 2021, 5:39 am

ArcelorMittal Liberia said that it is aware of the recent ruling by the Ministry of Labor in Liberia in relation to an ongoing dispute, involving claims to entitlements going back in some cases more than 10 years, with a group calling itself "Aggrieved Former Contractors". ArcelorMittal Liberia said “In September 2020, the Company settled a dispute with former redundant ArcelorMittal Liberia said workers in a Memorandum of Understanding signed by the workers and the Government of Liberia. An important part of that agreement, which was fully supported by the Government of Liberia, was that it explicitly excluded contractors, temporary and casual workers from having any legitimate claim.”

ArcelorMittal Liberia said “Despite the "Aggrieved Former Contractors" being unable to provide any evidence to support their claim of direct employment by ArcelorMittal Liberia for a period of 3.5 years that would entitle them to conversion to a permanent employee, ArcelorMittal Liberia agreed to make a contribution to an industry fund for the benefit of former contractors as a means of social support.”

ArcelorMittal Liberia remains committed to being a responsible corporate citizen.
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