ArcelorMittal LU1598757687

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1. voda 1 oktober 2021 09:00

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   Video: belegger met ArcelorMittal in de val
   Staalreus sinds piek september met circa 9 procent gedaald.
   
   (ABM FN-Dow Jones) Staalreus ArcelorMittal is momenteel een ogenschijnlijk aantrekkelijke investering, maar die eigenlijk wel eens een val zou kunnen blijken te zijn. Dit zei analist Robbert Manders van IG Nederland voor de camera van ABM Financial News.
   
   "Sinds de piek van september is ArcelorMittal met circa 9 procent gedaald. Ondertussen staat het bedrijf op een koerswinstverhouding van ongeveer vijf en dat maakt het tot een bijzonder goedkoop aandeel", zei Manders.
   
   "Beleggers zou kunnen denken dat dit een prima value play is, maar ik denk ook dat er een kans is dat dit eigenlijk een value trap zou kunnen zijn", waarschuwde de analist.
   
   De geschiedenis van het bedrijf laat volgens de analist zien dat een lichte daling van de wereldwijde vraag naar staal al kan leiden tot een flinke prijsval. Manders kijkt daarbij naar China en de recente problemen in de woningbouw met vastgoedreus Evergrande.
   
   Aangezien China pakweg de helft van de wereldwijde hoeveelheid staal consumeert en ook weer de helft daarvan naar de bouwsector gaat, kunnen problemen in de Chinese bouwsector volgens de analist voor een behoorlijke kink in de kabel zorgen bij ArcelorMittal.
   
   Klik hier voor: Belegger met ArcelorMittal in de val
   
   youtu.be/u-CtF0cTuXs
   
   Door: ABM Financial News.
   
   info@abmfn.nl
   
   Redactie: +31(0)20 26 28 999
2. voda 1 oktober 2021 11:01

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   Spanish distributors express positive outlook, but electricity concerns
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   Spanish steel distributor representatives have expressed optimism about the long-term growth prospects of the steel sector, in light of the expected post-pandemic economic recovery and construction and infrastructure sector demand growth.
   
   Meanwhile, the uncertainty in the automotive sector due to the shortage of components, as well as high prices of inputs and electricity is worrying distributors, delegates told Kallanish on the sidelines of the Eurometal Steel Net Forum Iberia in Lisbon on Wednesday.
   
   "We have had a recovery at a higher level than expected in the sector,” one participant comments. “There has been strong post-Covid-19 demand for material, both from construction companies and individuals.”
   
   According to another Spanish steel distributor, however, this momentum may be slowed by high electricity costs, which neared their all-time high in September. “Electricity costs have impacted the steel production chain. High steel prices have carried across the entire industry. So, the energy factor continues to hamper competitiveness against companies abroad,” he says.
   
   A representative from a service centre expressed concern that if distributors do not uniformly maintain sales margins, the good results achieved by the supply chain so far this year will be in vain. "Efforts in maintaining margins should be a priority for all distributors, as they are for steelmakers,” he comments.
   
   This proposal, however, is difficult to implement across the board, since contracts are also influenced by other factors. “Some companies opt for higher sales volume by reducing their margin, while others are forced to maintain lower margins due to their regional proximity to mills,” the service centre source adds.
   
   Todor Kirkov Bulgaria
3. voda 1 oktober 2021 13:03

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   Tata Steel Nederland losgekoppeld van Britse tak
   ANP Producties 2 uur geleden
   
   IJMUIDEN (ANP) - Staalconcern Tata Steel Nederland is definitief losgekoppeld van de slecht presterende Britse tak. Het bedrijf met de hoogovens in IJmuiden gaat zelfstandig verder. Het voornemen voor de opsplitsing van Tata Steel Europe werd in juni aangekondigd en nu is dat proces afgerond.
   
   Tata Steel Nederland en Tata Steel UK opereren voortaan als twee zelfstandige bedrijven naast elkaar. In de nieuwe structuur is er geen operationele Tata Steel Europe-organisatie meer. De directie van Tata Steel Nederland valt nu rechtstreeks onder de verantwoordelijkheid van het moederbedrijf in India.
   
   "De splitsing vandaag is een historisch moment, na 22 jaar samenwerking met de Britse collega’s. Onlangs maakte Tata Steel Nederland ook de keuze voor de waterstofroute als onderdeel van de duurzaamheidsstrategie bekend. Daarmee is de richting voor de toekomst duidelijk: groen staal in een schone leefomgeving. Over een aantal jaar staat in IJmuiden een wezenlijk ander en duurzamer staalbedrijf", zegt het concern een verklaring.
   
   Uitdagingen
   
   Vakbond FNV laat weten "verheugd" te zijn dat Tata Steel Nederland een zelfstandiger positie krijgt binnen Tata Steel. "Daarmee krijgen de directie en de werknemers in IJmuiden de toekomst voor Tata Steel Nederland weer grotendeels zelf in de hand", zegt FNV-bestuurder Cihan Lacin in een reactie.
   
   "Nu ook de meer zelfstandige positie van Tata Steel Nederland een feit is, zijn alle eisen, zoals FNV Metaal die gesteld had tijdens de 24 dagen durende staking van afgelopen jaar, gerealiseerd. Wij realiseren ons dat er nog veel uitdagingen voor het bedrijf en haar werknemers liggen, maar de kans dat deze succesvol kunnen worden overwonnen is met deze opsplitsing en de verduurzamingsplannen fors toegenomen", aldus Lacin.
4. voda 4 oktober 2021 07:31

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   UK’s Trade Remedies Authority Announces Steel Import Quotas
   
   Strategic Research Institute
   Published on :
   04 Oct, 2021, 5:34 am
   
   UK Government’s Trade Remedies Authority has announced tariff rate quota to apply in relation to safeguard measures on steel products imports into UK under regulation of the Trade Remedies (Increase in Imports Causing Serious Injury to UK Producers) (EU Exit) Regulations 2019. The tariff-rate quota is an extension of the tariff-rate quota imposed by the European Union on behalf of the United Kingdom and other countries or territories that had effect in the United Kingdom from 19 July 2018 to 30 June 2021
   
   The tariff-rate quota set out in this notice applies to the following steel products
   
   Tin Mill products
   
   Non-alloy and Other Alloy Quarto Plates
   
   Non-alloy and Other Alloy Merchant Bars and Light Sections
   
   Non-alloy and Other Alloy Wire Rod
   
   Angles, Shapes, and Sections of Iron or Non-alloy Steel
   
   The additional amount of duty applicable to steel goods imported outside of the quota is 25% ad valorem. The safeguard duty is applicable to the net free-at-the-frontier price of the good before any other amount of import duty. The tariff-rate quota applies from 1 July 2021 to 30 June 2022. The quota is divided into 4 Quarters over 1 year and specifies for each goods category the amount of steel goods that may be imported free of safeguard duty in any given Quarter.
   
   Any unused quota allocated for steel goods originating in a country or territory remains available in the next Quarter for steels goods originating in that country or territory. Any unused balance may cumulate within the year.
5. voda 4 oktober 2021 07:32

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   JSW Steel Makes BPSL a Subsidiary through Piombino Steel Limited
   
   Strategic Research Institute
   Published on :
   04 Oct, 2021, 5:36 am
   
   JSW Steel announced that pursuant to the subscription and shareholders agreement between the company, JSW Shipping & Logistics Private Limited and Piombino Steel Limited, JSW Steel had subscribed to certain optionally fully convertible debentures of Piombino Steel Limited. As per the terms of OFCDs, including revisions thereto, JSW Steel has the option to convert the OFCDs into equity shares at any time at the option of the JSW Steel. Accordingly, JSW Steel has exercised the option of conversion of 4100 million OFCDs held by the Company in PSL into 4100 million equity shares of Piombino Steel Limited of face value of INR 10 each on 01.10.2021. Pursuant to the conversion, JSW Steel holds 83.28% equity in Piombino Steel Limited and JSW Shipping & Logistics holds 16.72% equity in Piombino Steel Limited.
   
   Subsequent to the aforesaid conversion, Bhushan Power & Steel Limited has now become a subsidiary of the company. JSW Steel will control and manage Bhushan Power & Steel Limited through Piombino Steel Limited.
6. voda 4 oktober 2021 07:33

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   Mechel BMK’s Spring Wire Used for Highway Construction in Russia
   
   Strategic Research Institute
   Published on :
   04 Oct, 2021, 5:40 am
   
   Mechel Group’s Beloretsk Metallurgical Plant has supplied the construction company with more than 200 tonnes of spring wire since the beginning of 2021. It is used in the construction of federal roads. Spring wire BMK with diameters of 0.6 and 1.0 mm was shipped to Tekhpolymer Group of Companies Plant of Geosynthetic Materials.
   
   Spring wire BMK t is used to make metal meshes that are used in road construction. This makes it possible to significantly increase the strength of the road surface in areas with high stress, for example, on large highways.
7. voda 4 oktober 2021 07:33

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   Frontier Foundry Steel to be listed on Pakistan Stock Exchange
   
   Strategic Research Institute
   Published on :
   04 Oct, 2021, 5:43 am
   
   Business Recorder reported that Pakistan's leading steel manufacturers Frontier Foundry Steel and Financial Advisory Consortium held a signing ceremony for the award of mandate for the upcoming listing of FF Steel on Pakistan Stock Exchange. A Financial Advisory Consortium, comprising of HBL, Bank Alfalah Limited, AKD Securities Limited, and Alfalah CLSA Securities Private Limited, has been engaged to advise the Company for listing at the local bourse.
   
   Incorporated in 1986, FF Steel produces steel rebars in Peshawar and Lahore and ranks amongst the top three rebar manufacturers in Pakistan.
8. voda 4 oktober 2021 07:38

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   Mechel Supplies I Beams for Construction of Amur Gas Plant
   
   Strategic Research Institute
   Published on :
   04 Oct, 2021, 5:47 am
   
   Russian miner & steel maker Mechel Group's metal trading company Mechel Service has supplied more than 12,000 tonnes of beams for the production of metal structures at the Amur Gas Processing Plant of Gazprom. Mechel Service supplied a beam produced by the Chelyabinsk Metallurgical Plant for the fabrication of the plant's metal structures. The steel I beam has a high load-bearing capacity with a low specific weight as its flanges distribute the load and reduce the risk of structural failure. For the production of 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.
   
   Shipments for the construction of the facility began a year earlier, when Mechel Service supplied rolled steel, mainly beams and sheets, to steel structures in Kurgan, Orsk and Zlatoust, which were also used for the construction of the Amur GPP.
   
   The Amur Gas Processing Plant near the city of Svobodny in the Amur Region is one of the largest natural gas processing enterprises in the world. In September 2021, the second production line and the first of three helium plants began operation. The Amur Gas Processing Plant separates helium, ethane and other hydrocarbons from natural gas. The Amur GPP is expected to become the second largest natural gas processing facility in the world and the world's largest helium producer. The plant is scheduled to reach full capacity in 2025.

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9. voda 4 oktober 2021 07:39

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   Severstal Deliveres Large Diameter Pipes to Peru
   
   Strategic Research Institute
   Published on :
   04 Oct, 2021, 5:50 am
   
   Russian steel maker Severstal has delivered 6,000 tonnes of large diameter pipes to Peru in South America. Large diameter pipes were produced at Severstal Russian Steel division’s Izhora Pipe Plant in the Kolpinsky District of St Petersburg, according to the API 5L PSL 1 standard. For the production of pipes, Severstal uses its own steel products, which are produced by the company's 5000 sheet-rolling mill, located within Izhora Pipe Plant.
   
   Large diameter pipes were delivered through the port of St Petersburg to the port of Ilo in Peru.
   
   This is the second order this year to the Republic of Peru. In the spring of this year, the Izhora Pipe Plant delivered a trial batch of pipes, and now it has reached a delivery volume of six thousand tons.
10. voda 4 oktober 2021 07:40

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    Commercial Metals Company Breaks Ground on Mida Micro Mill
    
    Strategic Research Institute
    Published on :
    04 Oct, 2021, 5:52 am
    
    On September 21, 2021, Commercial Metals Company leadership, local officials and Danieli representatives celebrated the ground breaking of the new Arizona 2 micro mill at CMC Steel Arizona in Mesa in Arizona in USA. Supplied by Danieli, this MIDA QLP micro mill will be the first in the world capable of producing both steel rebar and merchant products with high yield strengths and maximum uptime. It will melt local scrap by the innovative Danieli Digimelter (Q-One, Zero Bucket, Q-Melt) and operate in endless casting-rolling mode with an output of 500,000 tons per year of long products, namely 350,000 tons per year of rebar and 150,000 tons per year of small merchant sections. Plant commissioning is scheduled for 2023.
    
    Arizona 2 MIDA micro mill will have the capability to directly connect to renewable energy sources that will make it the first mill ready to operate in a hybrid mode in North America.
    
    CMC, a pioneer in endless casting-rolling, has been operating two Danieli MIDA micro mills, in Mesa in Arizona and Durant in Oklahoma in USA.
11. voda 4 oktober 2021 07:40

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    JSW Steel Acquires Neotrex Steel to Add PC Strands to Portfolio
    
    Strategic Research Institute
    Published on :
    04 Oct, 2021, 5:54 am
    
    Board of Directors of JSW Steel Limited has approved to make a strategic investment of up to INR 96 crores in Neotrex Steel Private Limited which is setting up a Low Relaxation Pre Stressed Concrete Strands facility with an annual capacity of 144,000 tonnes, at an estimated project cost of INR 340 crores, which is proposed to be funded by way of Equity and Compulsorily Convertible Debentures in aggregate of INR 120 crores and the balance by external debt of Rs.220 crores. JSW Steel will be contributing 80% of this Equity and CCDs aggregating to INR 96 Crores.
    
    Pursuant to the aforesaid acquisitions, Neotrex Steel Private Limited is now a subsidiary of the company.
    
    Pre Stressed Concrete Strands find application in almost all types of heavy-duty industrial construction, high-rise buildings, and infrastructure projects including construction. The project is expected to be commissioned by April 2023.
12. voda 4 oktober 2021 07:44

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    Olympic Steel Acquires Shaw Stainless & Alloy
    
    Strategic Research Institute
    Published on :
    04 Oct, 2021, 5:57 am
    
    Leading US metals service center Olympic Steel Inc has acquired the assets of Shaw Stainless & Alloy Inc. The all-cash purchase is immediately accretive. Terms were not disclosed. The acquisition includes Shaw’s stainless steel distribution and fabrication businesses as well as its architectural and barrier defense businesses. It will continue to operate as Shaw Stainless & Alloy, an Olympic Steel company, led by its existing management team, including President Bryan Shaw. Shaw will be incorporated into Olympic Steel's specialty metals segment, led by Specialty Metals President Mr Andy Markowitz. The Shaw team will report to Olympic Steel’s Vice President Strategic Development Mr Zachary J Siegal.
    
    Shaw, based in Powder Springs in Georgia is a full-line distributor of stainless steel sheet, pipe, tube, bar and angles. The company also manufactures and distributes stainless steel bollards and water treatment systems. Founded in 1979, Shaw operates approximately 120,000 square feet of warehouse and fabrication space in Marietta, Hiram, Powder Springs and Albany, Georgia.
    
    Shaw offers numerous value-added fabrication processes, including: custom machining; electro polishing and passivation; laser, gas, plasma, water jet, miter, saw and mechanical torch cutting; steel bevelling; precision welding; metal forming; pipe threading; cut and roll grooving; painting; galvanizing; stainless steel polishing; flange attachment; coating, wrapping and lining; pickling, oiling and degreasing; and a range of product finishing and quality assurance testing.
13. voda 4 oktober 2021 07:45

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    TMK Ready to Supply Steel Products for Sakhalin Hydrogen Cluster
    
    Strategic Research Institute
    Published on :
    04 Oct, 2021, 6:01 am
    
    Russian steel pipe giant Pipe Metallurgical Company TMK is ready to supply high-tech products for the hydrogen cluster that is being formed in the Sakhalin Region. TMK’s Director for Development and Technical Sales of Premium Products Mr Sergey Rekin while speaking at the Sakhalin Oil and Gas 2021 energy forum said “TMK already produces a whole range of products from special and stainless steels for the production and transportation of hydrogen, including for the utilization of associated carbon dioxide obtaining blue hydrogen from natural gas. Regardless of the way of developing hydrogen energy on Sakhalin, pipe products will be required for the new production. TMK is ready to participate in the supply of pipes and other products for the Sakhalin hydrogen cluster. We offer solutions that have been worked out during the implementation of projects for gas chemical plants and the nuclear industry. We are talking about complex supplies of tubular products, including fittings. In addition, together with Sinatom, a member of the Sinara Group, we are ready to engage in the design and construction of hydrogen energy facilities.”
    
    He also said that TMK will cooperate with Sakhalin State University in the development of technologies and training for hydrogen energy. The parties signed the corresponding agreement in July 2021.
    
    It will expand the range of high-tech pipe products supplied for the Sakhalin-2 project and will increase the share of domestic products used in the development of offshore fields. The agreement includes new sizes of TMK UP premium threaded casing pipes approved for use on the Sakhalin-2 project.
    
    TMK and Sakhalin Energy have been cooperating since 2014, when a Memorandum of Understanding was signed, in accordance with which the parties began to work together to qualify TMK's premium pipe products in accordance with international standards. The first deliveries of TMK products for the Sakhalin-2 project took place in March 2017. Since 2018, upon completion of the international qualification of one of the diameters, the company has been shipping premium casing pipes with TMK UP PF threaded connections to partners. The supplier of premium pipe products for Sakhalin Energy is the Volzhsky Pipe Plant, which is part of TMK.
14. voda 4 oktober 2021 07:45

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    Nucor’s David J Joseph Acquires Grossman & Garden Steel
    
    Strategic Research Institute
    Published on :
    04 Oct, 2021, 6:04 am
    
    US steel maker Nucor Corporation announced two acquisitions on behalf of The David J Joseph Company. On September 30, Advantage Metals Recycling completed the purchase of Grossman Iron and Steel located in St Louis in Missouri. This acquisition brings AMR's total number of recycling facilities to twelve. Trademark Metals Recycling LLC has agreed to purchase the assets of Garden Street Iron & Metal Inc located in Fort Myers, Florida. This transaction will close on October 4, subject to normal closing conditions. This acquisition brings TMR's total number of recycling facilities to twenty-six.
    
    Founded in 1920, Grossman operates a full-service ferrous and nonferrous scrap metal recycling facility, which includes an automobile shredder and a metal recovery facility in St Louis in Missouri.
    
    Established in 1989, Garden Street operates three full-service ferrous and nonferrous scrap metal recycling facilities, including an automobile shredder and a self-serve used auto parts store in Southwest Florida.
    
    The addition of these new recycling locations, representing a 10% growth in capacity, is consistent with Nucor's growth strategy and demonstrates commitment to expanding the regional recycling platforms supporting steel mills.
    
    Founded in 1885, The David J Joseph Company is a Cincinnati-based subsidiary of Nucor Corporation. DJJ is one of the largest scrap brokers & processors in the United States providing scrap brokerage, recycling and transportation services. Including these acquisitions, DJJ operates over 60 scrap recycling facilities, and thirteen U Pull & Pay self-service used auto parts stores. AMR and TMR are both wholly owned by DJJ.
15. voda 4 oktober 2021 07:46

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    Saudi Steel Pipe Sells Operating Titanium Assets to Koch Chemical
    
    Strategic Research Institute
    Published on :
    04 Oct, 2021, 6:06 am
    
    Saudi Steel Pipe Co has announced the closing of the transaction entered into by its wholly-owned subsidiary Titanium Steel & Manufacturing Co Ltd to sell its main operating assets to Koch Chemical Technology Group Saudi Arabia Ltd. Saudi Steel Pipe said the closing took place on September 30 after all required approvals, including from the General Authority for Competition, were obtained.
    
    Ternium Saudi Steel Pipe Co had inked a definitive asset purchase agreement with Koch Chemical Technology Group Saudi Arabia Limited to sell its core operating assets in April.
    
    TenarisSaudiSteelPipes is a leading manufacturer and supplier of electrically resistance welded steel pipes for the energy, industrial, and construction segments of the Middle East and North Africa. SaudiSteelPipes offers oil and gas customers a full range of products including Oil Country Tubular Goods, Line pipe, API and Premium Connections and related accessories and services. It also serves customers in the industrial and construction segment with a wide range of black and galvanized pipes. It’s facilities are located in the Second Industrial City of Dammam, in addition to a commercial office in Riyadh, and a service and distribution network covering more than 20 countries
16. voda 4 oktober 2021 07:47

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    Tata Steel Seperates UK & Netherlands Businesses
    
    Strategic Research Institute
    Published on :
    04 Oct, 2021, 6:09 am
    
    Metal Bulletin reported that Tata Steel officially separated its operations in the United Kingdom and the Netherlands on October 1 after an agreement was reached a day earlier. Under the new structure, Tata Steel Europe will no longer exist as an operational organization; Tata Steel Netherlands and Tata Steel UK will operate as two independent companies.
    
    Tata Steel started national-level consultations to separate its businesses in the UK and the Netherlands in June this year.
17. voda 4 oktober 2021 07:47

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    Indonesia to Investigate Corruption in PT Krakatau Steel Expansion
    
    Strategic Research Institute
    Published on :
    04 Oct, 2021, 6:12 am
    
    Jakarta Globe reported that Indonesia’s Corruption Eradication Commission, KPK has received a complaint of alleged corruption in state owned steelmaker PT Krakatau Steel. KPK spokesman Mr Ali Fikri said the commission would launch investigation based on the tipoff. Mr Fikri said “It’s true the KPK has received the report and we can assure you that any tipoff will get a response. We need to first verify and examine all data mentioned on the report to make sure that the alleged corruption is under our authority to investigate.”
    
    A day earlier, State Owned Enterprises Minister Mr Erick Thohir explicitly alleged a foul play in Krakatau Steel as he expressed concern about the highly indebted company. Mr Erick said in a webinar “Krakatau Steel shoulders a debt of USD 2 billion because of, among other things, the USD 850 million investment in a blast furnace project which has been discontinued until today. This is not good and it certainly indicates corruption.”
    
    Krakatau President Director Mr Silmy Karim said that investment in the blast furnace project was initiated in 2008, with construction starting in 2012. He said the current debt had been accumulated in the period of 2011-18 before he took the helm of the company in late 2018. He said “Indications of fraudulent practices or corruption in the past certainly get the management's attention. When I joined the company, my focus was how to find solution and make attempts to first rescue Krakatau Steel.”
    
    Mr Silmy added “The debt occurred because some major investments had yet to deliver proceeds. Under his leadership, the company managed to restructure its debts, significantly reduce interest payment and improve cash flow. We solved problems in Krakatau Steel one by one, because in the past the company was unable to make profit and inefficient while many projects were unfinished.”
18. voda 4 oktober 2021 07:48

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    RMI Report Maps Pathway for China to Pursue Zero Carbon Steel
    
    Strategic Research Institute
    Published on :
    04 Oct, 2021, 6:15 am
    
    Rocky Mountain Institute in its latest “Pursuing Zero-Carbon Steel in China: A Critical Pillar to Reach Carbon Neutrality” has analyzed the specific path of China’s steel industry to reach zero-carbon by 2050. The report finds that it is technically and economically feasible for the steel industry to decarbonize through demand reduction, steel recycling and switching to green routes. The report, as one of the first in China to provide a decarbonization roadmap of the steel industry, makes a preliminary analysis of the energy consumption structure of China’s steel industry. It estimates that under the zero-carbon scenario, China’s steel demand will accelerate to peak and decline rapidly, and the product structure, energy consumption structure, and production process will undergo great changes. The report maps out three steps for the industry’s decarbonization.
    
    Demand reduction: Under the zero-carbon scenario, China’s steel production will peak in 2024 and decline to 621 million tons per year in 2050—40 percent lower than the 2020 level. The main reasons for the decline are new phases of industrialization and urbanization. The peaking and declining of the steel industry are further accelerated by the carbon emissions reduction target, which is a new constraint.
    
    Steel recycling: China’s secondary steel production will change from a supporting role to a mainstay, accounting for up to 60 percent of total steel production by 2050. The transformation of secondary steel from a supporting role is driven by China’s steel stock and scrap resources security, as well as potential favourable costs in the future through supportive policies as the scrap recycling market gradually matures.
    
    Switching to low-carbon alternatives: Hydrogen direct reduced iron, smelting reduction with coal or hydrogen, and carbon capture and storage will all be important green steelmaking routes to China. These methods will produce 250 million tons in total by 2050, resulting in a significant decrease in fossil-fuel-based steel production, from 90 to 20 percent.
    
    China produces and consumes more than half of the world’s steel, accounting for about 17 percent of the country’s carbon emissions. This makes the steel industry the country’s second largest carbon emitting sector. The decarbonization of China’s steel industry will be a significant contribution to the country’s dual-carbon goals and the world’s carbon reduction goal.
19. voda 4 oktober 2021 10:21

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    • voda

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    Advies van ABN AMRO - ODDO BHF over Arcelor Mittal
    Beurshuis ABN AMRO - ODDO BHF
    Aandeel ArcelorMittal
    Datum 04 oktober 2021
    Advies Market outperform
    Koersdoel 50,00 EUR
    
    Detail advies
    PARIJS (Trivano.com) - Op 4 oktober 2021 hebben de analisten van ABN AMRO - ODDO BHF hun beleggingsadvies voor ArcelorMittal (MT; ISIN: LU1598757687) herhaald. Het advies van ABN AMRO - ODDO BHF voor ArcelorMittal blijft "market outperform".
    
    Het koersdoel wordt door ABN AMRO - ODDO BHF verlaagd van 52,00 EUR naar 50,00 EUR.
    
    Op 11 februari 2021 publiceerde ArcelorMittal zijn jaarresultaten.
20. voda 5 oktober 2021 07:00

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    • voda

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    Fortescue Targeting to Achieve Net Zero Scope 3 Emissions
    
    Strategic Research Institute
    Published on :
    05 Oct, 2021, 5:11 am
    
    Fortescue Metals Group Ltd has announced a target to achieve net zero Scope 3 emissions by 2040, addressing emissions across Fortescue’s entire global value chain, including crude steel manufacturing which accounts for 98 per cent of the Company’s Scope 3 emissions. Fortescue’s approach to reducing Scope 3 emissions is to develop projects and technologies with a focus on reducing emissions from iron and steel making and to work with current and prospective customers on the application of the technology and the supply of green hydrogen and ammonia from FFI. Fortescue will also prioritise the decarbonisation of its own fleet of eight ore carriers and engage with shipping partners to reduce, and aiming to eliminate, emissions from shipping.
    
    FFI is targeting the production of 15 million tonnes of green hydrogen annually by 2030, which will underpin opportunities to work with customers and shipping partners on emissions reduction and elimination projects.
    
    In addition to the long-term goal to achieve net zero Scope 3 emissions by 2040, the following medium-term targets have been set:
    
    1. Enable a reduction in emissions intensity levels from the shipping of Fortescue’s ores by 50 per cent by 2030 from FY21 levels
    
    2. Enable a reduction in emissions intensity levels from steel making by Fortescue’s customers of 7.5 per cent by 2030 from FY21 levels, to 100 per cent by 2040.
    
    To achieve the target, Fortescue and FFI are focused on accelerating a number of key initiatives:
    
    1. Conversion of existing maritime vessels, including Fortescue’s fleet of ore carriers, to be fuelled by green ammonia
    
    2. Supporting the adoption of green ammonia in new vessel construction
    
    3. Pursuing opportunities for emissions reduction and elimination in iron and steel making, facilitated by the use of renewable energy and green hydrogen
    
    4. Research and development work to produce green iron and cement from Fortescue ores at low temperatures without coal.