Arcelor Mittal « Terug naar discussie overzicht

Nieuws en info hier plaatsen (deel 4)

PESB Recommends Mr AK Tulsiani as next Director Finance of SAIL

Strategic Research Institute
Published on :
19 Nov, 2021, 5:23 am

Public Enterprise Selection Board recommended Mr Anil Kumar Tulsiani for the post of Director Finance of Steel Authority of India Ltd. As Director Finance of SAIL, Mr Tulsiani will be a member of the Board of Directors and will report to the Chairman. He will be overall in charge of the finance and accounts of the organisation and will be responsible for evolving and formulating policies related to finance and accounts as well as implementation.

The following applicants were interviewed on 17 November 2021

Mr Anil Kumar Tulsiani, Executive Director, Steel Authority of India Ltd

Mr Suresh Rangani, Chief General Manager, Steel Authority of India Ltd

Dr Ashok Kumar Panda, Chief General Manager, Steel Authority of India Ltd

Mr Praveen Nigam, Chief General Manager, Steel Authority of India Ltd

Mr Bodhimitta Murari Moharkar, Chief General Manager, Steel Authority of India Ltd

Mr Mohit Malpani, Chief General Manager, Steel Authority of India Ltd

Mr Harish Chandra, Executive Director, Container Corporation of India Limited

The post of Director Finance in SAIL will fall vacant on January 1, 2022. Currently, Mr Amit Sen is serving as Director Finance in the company.
Baowu Unveils Global Low Carbon Metallurgical Innovation Alliance

Strategic Research Institute
Published on :
19 Nov, 2021, 5:27 am

World’s largest steel maker China Baowu Steel Group has set up a Global Low-Carbon Metallurgical Innovation Alliance with 62 partners to tackle climate change and cut greenhouse emissions in the world's biggest steel producer at an inaugural ceremony in Shanghai. With the theme of "Technological Innovation, Leading the Low-carbon Development of Steel", the 2021 Global Low-carbon Metallurgy Innovation Forum is being held in the form of synchronous "online+offline" meetings on 18-19 November 2021. Baowu Deputy General Manager Mr Hou Angui was named Secretary General of the alliance. Mr Angui said "Backed by the collective research and development resources from global steel enterprises and research institutions, the alliance can carry out fundamental and forward-looking low-carbon metallurgical technology development, promote technological collaboration and exchanges and facilitate the low-carbon transformation of the steel industry. It is extremely difficult to make the transformation through a single steel enterprise, but would become possible with the joint efforts of all parties within the steel industry.”

62 members of the alliance come from 15 countries and include global steel makers & iron ore miners


Tata Steel



Angang Group

HBIS Group

Shagang Group

BHP Group

Rio Tinto


Fortescue Metals Group

During the global low-carbon metallurgical innovation forum where the alliance was inaugurated, China Baowu announced it would establish a low-carbon metallurgical innovation fund, providing at least 35 million yuan annually to support the research and development of low-carbon metallurgy.

In October 2019, China Baowu announced the establishment of a Low Carbon Metallurgy Innovation Centre and plans to establish a Global Low Carbon Metallurgy Innovation Alliance.

Top steel producer China Baowu Steel Group had earlier said that it aims to achieve carbon neutrality by 2050, though the latter goal doesn’t include Scope 3 emissions. Baowu Group is seeking to bring its group's carbon emissions to a peak in 2023 before cutting them by 30% by 2035. The company will increase its use of renewable energies like solar, wind and biomass energy and will further develop the hydrogen sector. It will also strictly control overall energy consumption and strengthen upstream and downstream cooperation’s. Baowu's six-point plans include

Raise the energy efficiency of existing blast-furnace plants

Reduce the carbon emissions intensity of blast furnaces by 30%

Pursue hydrogen-based steelmaking

Upgrade technology at electric-arc furnaces

Increase the use of recycled steel

Develop carbon capture technology
Metalloinvest’s Mikhailovsky Mine Gets Yubileiny Dump Truck

Strategic Research Institute
Published on :
19 Nov, 2021, 5:30 am

A new BELAZ dump truck with a carrying capacity of 240 tonnes, has been engaged at the open pit mine of the Metalloinvest’s Andrey Varichev Mikhailovsky GOK to transport ore and rock mass. The new powerful equipment received its own name Yubileiny to mark Metalloinvest’s 15th anniversary.

The new truck seamlessly combines a high capacity with comfort and ease of use. The 2,500-horsepower diesel engine and electronic controls provide a high power-to-weight ratio, boosting the speed of the truck as a result, while the on-board computer controls the vehicle’s parameters. A high level of safety is ensured by rollover protection systems, automatic fire extinguishing, tire pressure gauges, video monitoring, an alarm device warning against approaching high-voltage cables, and the OKO fatigue detection system.

BELAZ and Mikhailovsky GOK began naming open pit dump trucks after remarkable figures and noteworthy events in 2020. The first two 240-tonne trucks introduced at the enterprise subsequently were named after the enterprise’s honorary veterans – Ivan Zaitsev and Ivan Nadein.
Bekaert scoort (nog) beter dan verwacht

De staaltechnologiegroep Bekaert BEKB 0,00% realiseerde over de eerste negen maanden van 2021 een omzet van 3,56 miljard euro. Dat is 30 procent meer dan een jaar eerder en nog een stuk beter dan analisten verwachtten.


Op een jaar tijd is de nettoschuld van Bekaert met bijna 300 miljoen verminderd naar 538 miljoen euro
Voor heel 2021 handhaaft CEO Oswald Schmid de prognose van deze zomer: 4,6 miljard omzet en minstens 10 procent marge. Ergo: minstens 460 miljoen euro bedrijfswinst, een toename van net geen 70 procent tegenover de 272 miljoen in 2020.

Dankzij de sterke groei - Schmid spreekt van de 'hoogste kwartaalomzet ooit' - dringt de groep haar schulden in snel tempo terug: de nettoschuld beliep per 30 september nog 538 miljoen euro, 36 procent minder dan de 834 miljoen een jaar eerder.
Ezz Steel & Al Ezz Dekheila Steel Turn to Profitability in9 months

Strategic Research Institute
Published on :
22 Nov, 2021, 4:53 am

The consolidated financials of Ezz Steel have recorded EGP 3.75 billion profits during the first nine months of 2021, against EGP 4.11 billion net losses in the year-ago period, including minority shareholders' rights. The company's revenues increased to EGP 49.05 billion in the January-September period of 2021, compared to EGP 26.45 billion in the same period of 2020. As for the standalone businesses, the company reported net profits of EGP 236.23 million in the first nine months of 2021, versus net losses of EGP 634.15 million in the year-ago period.

Al Ezz Dekheila Steel turned to net profits of EGP 3.23 billion in the first nine months of 2021, versus net losses of EGP 3.47 billion in the year-ago period, including minority shareholders' rights. The sales hiked to EGP 43.83 billion in the January-September period, compared to EGP 22.91 billion in the corresponding period a year earlier. As for standalone business, the company achieved net profits of EGP 2.39 billion in the nine-month period ended 30 September, against net losses of EGP 935.15 million in the prior-year period.
Winners of Awards for Steel Excellence of Fastmarets

Strategic Research Institute
Published on :
22 Nov, 2021, 4:55 am

Industry-leading cross-commodity price reporting agency Fastmarkets announced the winners of the prestigious 12th annual Global Awards for Steel Excellence. This year's panel of esteemed judges chose the "best of the best" from across the steel supply chain. The awards recognized all aspects of innovation, from strategy to distribution and from sustainability to diversity. In addition to the winners of 24 categories, also recognized was Lourenco Goncalves, CEO of Cleveland-Cliffs, who was named Advocate of the Year for his long-time leadership within the steel industry.

Winners of the 2021 Global Awards for Steel Excellence are:

Automotive Supplier of the Year: Nucor Corp

Best Innovation - Process: ArcelorMittal Hamilton Research and Development

Best Innovation - Product: Big River Steel

Best Mergers & Acquisitions: Target Metal Blanking

Best Operational Improvements: Majestic Steel USA

Environmental Responsibility Stewardship: SSAB Americas

Exchange Company of the Year: SGX

Ferrous Futures Trading Company of the Year: Flack Global Metals

Financial Services Provider of the Year: Bank of America

Legal Services Provider of the Year: Kelley Drye & Warren LLP

Logistics/Transportation Provider of the Year: Ryder System Inc

Raw Materials Consumables Provider of the Year: Cronimet Envirotec GmbH

Production/Processors/Fabricators: Ferragon Corp

Scrap Company - Large - North America: Ferrous Processing and Trading

Scrap Company - Small to Midsize - North America: Southern Recycling LLC

Scrap Company - EMEA: RKG International FZC

Scrap Equipment Company of the Year: Wendt Corp

Service Center - Large: Reliance Steel & Aluminum Co

Service Center - Small to Midsize: Jemison Metals

Steel Producer - North America: Steel Dynamics Inc

Technology Provider of the Year: Aveva

Tube & Pipe Producer of the Year: Webco Industries

Workforce Diversity Champion: SSAB Americas

The winners of the Global Awards for Steel Excellence were announced during the Steel Success Strategies conference presented annually by Fastmarkets and World Steel Dynamics and attended by leaders in the global steel industry.
Algoma Steel Reports Strong Second Quarter Results

Strategic Research Institute
Published on :
22 Nov, 2021, 4:57 am

Leading Canadian producer of hot and cold rolled steel sheet and plate products Algoma Steel Group Inc announced results for its fiscal second quarter ended September 30, 2021. Algoma Steel CEO Mr Michael McQuade said “Our financial results for the fiscal second quarter demonstrate continued solid execution by our team, generating record revenue, Adjusted EBITDA, and cash flows due in part to the combination of higher realized steel prices and ongoing cost containment initiatives. These results contributed to our strong liquidity, which has positioned us to make two additional strategic announcements that we believe will increase value to our shareholders and provide competitive strategic growth.”

Second Quarter Fiscal 2022 Financial Results

Second quarter revenue totaled CAD 1.01 billion, up 168% from CAD 377.0 million in the prior year quarter. As compared with the prior year quarter, steel revenue was CAD 936.5 million, up 179% from CAD 335.3 million.

Income from operations was CAD 402.1 million, compared to a loss from operations of CAD 24.7 million in the prior year quarter. The year over year increase was primarily due to an increase in the selling price of steel, partially offset by an increase in the purchase price of inputs, including iron ore, scrap and alloys.

Net income in the second quarter was CAD 288.2 million, compared to a net loss of CAD 60.0 in the prior year quarter.

Shipments for the second quarter increased by 14% to 587,340 tons as compared to 516,294 tons in the prior year quarter.

Mr McQuade added “Calendar 2021 has been an incredible journey, and we expect that the final three months will be a truly transformative period for Algoma. Following our successful return to the public markets in October, we are excited to have announced today, under a separate release, that our board has authorized our investment in electric arc steelmaking. Additionally, the board has approved a plan to retire all of Algoma’s outstanding senior secured long-term debt. This USD 358 million debt reduction will leave us with a stronger balance sheet that we believe enhances our position, both operationally and financially, to make critical investments in our business that we expect will drive sales and create additional long-term value for our stakeholders.”

Based on our current information regarding our operations and end markets, Algoma currently expects the following for the third quarter of fiscal 2022:

Shipments: 590 - 610k tons

Adjusted EBITDA: At least CAD 450 million
OMK Appoints Mr Dotsenko as MD of Blagoveshchensk Plant

Strategic Research Institute
Published on :
22 Nov, 2021, 4:59 am

Russian United Metallurgical Company OMK announced that Mr Andrey Dotsenko is appointed Managing Director of the Blagoveshchensk plant of the United Metallurgical Company in Republic of Bashkortostan, who previously held the position of director for technical development of the enterprise. Under the leadership of Andrey Dotsenko, the OMK plant in Blagoveshchensk will continue to improve its products and customer services, expand into new markets, and develop automation and digitalization. Among the tasks of the new leader are increasing labor productivity, promoting the professional growth of employees and the implementation of social projects.

Mr Yurievich Dotsenko was born on April 8, 1975. Graduated from the Ural Forestry Institute with a degree in Automobiles and Automotive Industry. In 2007 he underwent professional retraining at the Ural State Economic University with a degree in Finance and Credit. In 2017, he underwent professional retraining at the Moscow International Higher School of Business MIRBIS under the MBA program Strategic Management.

He has been working for the United Metallurgical Company since 2016. In 2016-2020, he worked his way up from Director of Production at Ural Plant of Special Valve Building LLC (until 2017 the enterprise was part of the United Metallurgical Company) to Deputy General Director - Chief Engineer. From 2020 to the present, Andrey Yuryevich headed the Directorate for Technical Development of JSC BAZ.
Oerlikon Introduces High Entropy Alloy to Replace Super Duplex SS

Strategic Research Institute
Published on :
22 Nov, 2021, 5:01 am

Oerlikon AM has presented a new alloy to customers who are interested in being at the forefront in adopting an innovative new material to additively produce structural components, such as centrifugal pump impellers. The additive material is designed to match the strength and corrosion resistance of super duplex stainless steels. It is a high-entropy alloy with a nanoscale duplex microstructure.

Leveraging an inherent benefit of additive manufacturing, customers can create complex geometries using this new alloy that super duplex steel cannot address with conventional manufacturing. Smoother surfaces for the same structural application can also be realized in the printing process. Additionally, parts printed with the new alloy are crack-free when using a standard Powder Bed Fusion - Laser Beam process without baseplate preheating.

Components made from duplex stainless steel have challenging metallurgy and require complex post processing like heat treatment to avoid the formation of unwanted or detrimental phases in the microstructure. They are also sensitive to embrittlement at elevated temperatures.

The new alloy is the solution to replace DSS as it not only matches the corrosion resistance standards of DSS and provides superior strength properties, but is also less susceptible to changes caused by high temperature operation and requires only a single-step heat treatment.

Oerlikon developed this alloy as part of the NADEA project - a European research initiative on high-entropy alloys and in partnership with several industrial and academic partners. Using its proprietary Scoperta Rapid Alloy Development tool, Oerlikon was able to significantly shorten the process in developing the alloy.
POSCO Unveils Space Walk Art Work in Pohang

Strategic Research Institute
Published on :
22 Nov, 2021, 5:03 am

Korea Herald reported that Posco has unveiled Korea’s largest walkable art installation named Space Walk in the south eastern port city of Pohang. The 333-meter curved steel track that looks like a roller coaster stands in the city’s Hwanho Park, and the Pohang steel mill, Youngil Bay and Youngildae Beach can be seen while walking on it. Space Walk is spanning 60 meters in width, 57 meters in length and 25 meters tall

Some 317 tons of steel, all produced by Posco, were used to create the sculpture by German artists Heike Mutter and Ulrich Genth. Space Walk is designed to withstand earthquakes of up to magnitude 6.5, with capacity limited to 250.

Once the Pohang furnace No. 1 is turned into a steel history museum, Space Walk, along with Posco’s newly opened museum Park1538, will serve as tourist attractions of the city, he added.
Mechel Izhstal Modernizes Blooming Mill

Strategic Research Institute
Published on :
22 Nov, 2021, 5:06 am

Mechel Group’s Izhstal has completed a major overhaul of the 850 blooming rolling mill, which supplies square billets to all finishing mills of the plant. The plant's specialists replaced worn-out parts and assemblies, repaired metal transport mechanisms, motors and generators, hot-cutting shears, and restored the mill line's water-cooling system. This will ensure trouble-free blooming operation and the implementation of the rental production program.

In addition to providing steel billets for section rolling mills of the plant, a part of blooming metal products is sold to external customers. For 9 months of this year, about 10 thousand tons were sold to third parties, which is 40% more than in the same period last year.
Olympic Steel Reports Best Ever Results for Q3 of 2021

Strategic Research Institute
Published on :
22 Nov, 2021, 5:09 am

Leading US metals service center Olympic Steel Inc announced record quarterly financial results for the three months ended September 30, 2021. Net income for the third quarter totaled USD 44.5 million as compared with a net loss of USD 1.5 million in the third quarter of 2020. Adjusted EBITDA for the third quarter of 2021 was USD 70.5 million, compared with USD 4.3 million in the third quarter of 2020. The Company reported sales totaling USD 668 million for the third quarter of 2021, compared with USD 300 million in the third quarter of 2020. Chief Executive Officer Mr Richard T Marabito said "Our third-quarter financial results represent the best quarterly performance in Olympic Steel’s history. Sales, net income and EBITDA significantly exceeded our previous records set in the second quarter of this year."

Mr Marabito added "Customer demand and our shipping volumes remain strong, despite continued supply chain disruptions. Our total shipments have outpaced the industry through the first three quarters of this year, particularly in our higher-margin product categories. As a result of the outstanding efforts of our entire team, the success of our acquisitions, our strong balance sheet and commitment to our long-term strategy, we remain well-positioned for a strong fourth quarter and our continued pursuit of higher-margin growth opportunities."
Metalloinvest Lebedinsky GOK Produces 50 Million Tonne of HBI

Strategic Research Institute
Published on :
22 Nov, 2021, 5:11 am

Russian steel maker Metalloinvest’s Lebedinsky GOK has produced the 50 millionth tonne of hot briquetted iron, a low-carbon raw material that can significantly reduce emissions from steel production in electric furnaces. The production of this type of iron ore products at the enterprise began 20 years ago. Currently, the three operating HBI plants at Lebedinsky GOK produce 4.6 million tonnes of briquettes per year. The second and third complexes for the production of hot briquetted iron with a capacity of 1.4 million and 1.8 million tons per year were commissioned at LGOK in 2007 and 2017.

In October of this year, Metalloinvest signed a contract with a consortium of Primetals Technologies and Midrex Technologies for the supply of equipment for the HBI-4 complex. The design capacity will be 2.08 million tons of HBI per year. The launch of production is scheduled for the first quarter of 2025.

The new plant will be built using the latest technology. High quality HBI will be produced using the natural gas-based direct reduction process Midrex NG, the most sustainable iron making technology. In the future, replacing natural gas with "green" hydrogen will achieve even greater emission reductions.
GFG Alliance Signs European Works Council Agreement

Strategic Research Institute
Published on :
22 Nov, 2021, 5:14 am

Mr Sanjeev Gupta, Executive Chairman of GFG Alliance and Denise Timns, GFG‘s Chief HR Officer, have signed the GFG Alliance European Works Council Agreement, which has been negotiated with the Special Negotiation Body of employee representatives from across Europe. The Agreement is a huge step forward in GFG Alliance’s Industrial Relations and will be a central pillar of its strategic commitment to embrace positive social dialogue on a European level.

The creation of a European Works Council, which is a formal consultative and information body, will help GFG continue to build a positive social dialogue between its management teams and trade unions across Europe. The new EWC Council, which will meet twice a year, will be made up of members who represent more than 18,000 GFG Alliance employees in ten European countries, including the UK and North Macedonia. The EWC will give GFG the best possible opportunity to achieve its business goals based on mutual trust, respect and mutual gain and is aligned with GFG‘s social dialogue policies.

The Agreement has been developed, facilitated by Industrial Europe, to be in line with the European Directive 2009/38/EC of the European Parliament and its transposition into Czech Labour Code nb 262/2006 CL. It is also in the spirit of the European Commission’s Community Charter of the Fundamental Rights of Workers. It will be available in eight languages (Czech, Dutch, English, French, Italian, North Macedonian, Polish and Romanian) to ensure it is accessible to employees across all of GFG’s European businesses.
Steel Warrior Peter Marcus Relinquishes His Iron Sword

Strategic Research Institute
Published on :
22 Nov, 2021, 5:19 am

Founder of World Steel Dynamics Peter F Marcus has passed away. The steel industry was Peter’s passion, inspiration and never-ending endeavour. His unique style and personality were only matched by his prophetic vision for the industry’s ever-changing landscape. He played the field general of the “Economic Warfare” that symbolized the constant ups and downs of the steel price cycle, and he was always several steps ahead of the battle’s evolution. “Kill and Win” was his motto as he charged into his next report, prognosticating “Death Spirals,” “Volcanic Eruptions” and “Extreme Short-Ages.”

Equal to his passion for the industry was Peter’s love for its people. From senior executives to line workers, Peter genuinely wished success and prosperity for everyone he encountered in his travels around the world over the last 50+ years. He believed the steel industry was the fundamental building block for economic prosperity – the “engine” of the virtuous upward cycle that would ultimately benefit one and all; his words and actions embodied this belief. No doubt many of you have experienced this phenomenon first-hand.

Peter leaves behind several “families” – his personal family, his WSD family, and our “family” of clients and industry friends – all of which he loved immensely. Fortunately, with some advanced planning, WSD’s generals are well prepared to take over and charge the battlefield. Peter’s last report was ironically titled “Steel’s Last Hurrah” proclaiming yet another prolific “ShortAge” for steel prices on the horizon in early-2022.
RWE, CO2GRAB, LSF & Benteler to Build Hydrogen DRI Pilot in Lingen

Strategic Research Institute
Published on :
22 Nov, 2021, 5:27 am

Hydrogen will play a key role on the path towards decarbonising the steel industry. But how can the energy source of the future be used to produce climate-neutral steel in a cost-effective manner? Over the next three years the companies RWE, CO2GRAB, LSF and BENTELER Steel/Tube will conduct research in this area. Minister for Environment, Energy, Building and Climate Protection in Lower Saxony Olaf Lies announced the state’s commitment to providing EUR 3 million of funding to the CO2GRAB start-up. In 2022, the pioneering demonstration project for a green hydrogen direct reduction plant is to be built on RWE’s Lingen power plant site.

In green direct reduction, iron ore is reduced using hydrogen. The hydrogen reacts with the oxygen in the iron ore and transforms it into sponge iron, also known as direct reduced iron. Unlike in traditional furnaces, steam rather than carbon dioxide is produced using this technology. The sponge iron is then melted down with steel scrap and further processed to make steel. BENTELER Steel/Tube will in future use this type of steel to produce low-carbon seamless and welded tube solutions. During the first stage of the research project, over 1 ton/hour of green sponge iron will be produced using green hydrogen. Green hydrogen is to be produced in electrolysers on the power plant site and fed into the DRI plant.

The technical expertise of the CO2GRAB start-up, which will build and operate the plant, ideally complements RWE’s knowledge along the entire green hydrogen value chain. LSF will optimise electrolyser operation for fluctuating wind and solar power generation. BENTELER Steel/Tube will then process the reduced sponge iron further to green steel and climate-neutral quality tubes.
Japanese Crude steel Production up by 17% in January-October 2021

Strategic Research Institute
Published on :
23 Nov, 2021, 4:56 am

Japan's crude steel production in October reached 8.22 million tonnes, up 1.0% MoM & 14.3% YoY with ease in pandemic restrictions amid ramped-up vaccination program that promoted domestic economic activities. 6.01 million tonnes was produced through blast furnaces, down 0.2% MoM but up 13.4%% YoY, while electric arc furnaces produced 2.21 million tonnes of crude steel in October, up 4.3% MoM & 16.6% YoY. Crude steel production in the first 10 months of 2021 totaled 80.36 million tonnes, 17.5% higher YoY.

Steel Production October 2021 in ‘000 tonnes

Total hot-rolled products of ordinary steel - 5,612.5, up110 YoY

Rails, Tyres and wheels - 42.0, down 80 YoY

Sheet pilings - 47.6, down 84 YoY

Wide flange beams - 314.6, up 107 YoY

Heavy Sections - 62.7, up 109 YoY

Medium & Light Sections - 68.3, down 87 YoY

Bars Heavy - 21.0, down 89 YoY

Bars Medium - 33.3, up 134 YoY

Bars Light - 725.7, up 111 YoY

Rounds for tube - 31.5, up 148 YoY

Wire Rod Bars in coil - 38.7, up 115 YoY

Wire Rod Ordinary - 46.7, up 105 YoY

Wire Rod Low carbon - 7.2, up 237 YoY

Wire Rod High carbon - 49.5, flat 100 YoY

Heavy plate - 804.9, up 120 YoY

Medium plate & sheet - 10.7, up 117 YoY

Hot-rolled wide strip - 3,261.9, up 110 YoY

Hot-rolled narrow strip & hoops - 46.1, up 114 YoY

Cold-rolled wide strip (of ordinary steel) - 1,316.8, up 107 YoY

Electrical sheet & strip - 120.6, up 137 YoY

Tin plate - 48.1, down 87 YoY

Galvanized sheets - 739.8, down 99 YoY

Seamless pipes & tubes - 23.8, up 153 YoY

Welded pipes & tubes - 283.0, up 103 YoY

Cast iron pipes & tubes - 20.1, down 90 YoY
Steel & Tube Provides Higher Earnings Guidance

Strategic Research Institute
Published on :
23 Nov, 2021, 4:58 am

Steel & Tube Holdings Limited recently reported a 14% year on year increase in revenue for the first four months of the financial year (to the end of October 2021). The Company is now providing guidance for the six months to 31 December 2021. Earnings before Interest and Tax is expected to be above NZD 17 million, compared to NZD 8.9 million in the prior comparative period (pcp). Earnings before Interest, Tax, Depreciation and Amortisation are expected to be at least NZD 26.5 million (pcp: NZD 16.8 million).

The significant uplift in expected earnings is being driven by volume growth in target segments and positive market conditions, improved gross margin disciplines and continued reduction in percentage operating costs. This guidance assumes no return to lockdowns before 31 December 2021 and is subject to any impact of the recent IFRS Interpretations Committee agenda decision on Software as a Service.

Steel & Tube CEO Mr Mark Malpass said "We are seeing the benefit of improvements made to the business over the last few years, combined with a backdrop of robust economic activity. Market conditions look to remain positive for at least the medium term as the economic cycle is expected to be stronger for longer. The current residential boom is expected to moderate, while industrial building, infrastructure and manufacturing are all expected to continue to grow."
US Steel Production Capacity Utilization Remains at 84% in Week 46

Strategic Research Institute
Published on :
23 Nov, 2021, 5:01 am

AISI announced that in the week ending on November 20, 2021, domestic raw steel production was 1,861,000 net tons while the capability utilization rate was 84.3 percent. Production was 1,621,000 net tons in the week ending November 20, 2020 while the capability utilization then was 73.3 percent. The current week production represents a 14.8 percent increase from the same period in the previous year. Production for the week ending November 20, 2021 is up 0.3 percent from the previous week ending November 13, 2021 when production was 1,856,000 net tons and the rate of capability utilization was 84.1 percent.

Adjusted year-to-date production through November 20, 2021 was 84,437,000 net tons, at a capability utilization rate of 81.6 percent. That is up 19.9 percent from the 70,432,000 net tons during the same period last year, when the capability utilization rate was 67.7 percent.

Broken down by districts, here’s production for the week ending November 20, 2021 in thousands of net tons

North East: 175

Great Lakes: 617

Midwest: 205

Southern: 787

Western: 77

Total: 1861
GMS Market Commentary on Ship Breaking in Week 46

Strategic Research Institute
Published on :
23 Nov, 2021, 5:04 am

World's leading cash buyer of ships for recycling GMS said that “The recent noteworthy drop in the Indian ship recycling market seems to have reverberated across the sub-continent recycling sector this week, as competing markets start to reverse their vessel offerings in near unison. Bangladesh has remained largely quiet for much of the week as they observe the ongoing price reductions, whilst local Recyclers expect further falls ahead. Indian steel plate prices have declined by nearly USD 45/LDT over recent weeks, leaving Alang Buyers rather spooked and fearful to maintain previous offers, or even consider offering on any fresh units. Yet, as the week drew to an end, there were signs of a slight rebound on steel prices and sentiment. Of course, it may still take a couple of weeks of stability before end Buyers return to the bidding tables once again. Notwithstanding, the market appears to have peaked at these exceptional numbers above USD 600/LDT and end Buyers are struggling to reconcile themselves with fresh purchases at these impressive levels.”

GMS said “Many expect a weaker market going into 2022, but the industry overall has been surprised by the continued performance of the market through the course of the year, as prices have surged above and beyond all expectations, having more than doubled from a low of almost USD 250/LDT through the halfway point of 2020.”

GMS added “Pakistan remains stranded on the sidelines, watching market developments in both India and Bangladesh, hoping to get hold of a bargain or two, even though the supply of vessels for recycling remains remarkably sparse. On the Turkish end of things, despite demand remaining firm, the dearth of supply has kept local yards increasingly eager for tonnage, while the Lira breaks even more records against the U.S. Dollar.

GMS Pricing

India/Bangladesh/Pakistan – Week 46, Unchanged

Dry Bulk – USD 560-600 per LDT

Tankers - USD 570-610 per LDT

Containers - USD 580-620 per LDT
30.570 Posts, Pagina: « 1 2 3 4 5 6 ... 1436 1437 1438 1439 1440 1441 1442 1443 1444 1445 1446 ... 1525 1526 1527 1528 1529 » | Laatste
Aantal posts per pagina:  20 50 100 | Omhoog ↑

Meedoen aan de discussie?

Word nu gratis lid of log in met uw e-mailadres en wachtwoord.

Direct naar Forum


Vertraagd 20 mei 2022 17:37
Koers 27,400
Verschil +0,270 (+1,00%)
Hoog 28,055
Laag 27,315
Volume 5.260.394
Volume gemiddeld 6.240.365
Volume gisteren 5.301.535

Brussel real time stocks quotedata by Euronext. Other real time EU stocks, by Cboe Europe Ltd.; US stocks by NYSE & Cboe BZX Exchange, 15 min. delayed
#/^ Index indications calculated real time, zie disclaimer, streaming powered by: Infront