Arcelor Mittal « Terug naar discussie overzicht

Nieuws en info hier plaatsen (deel 4)

voda
0
TMK Announces Strong Performance in Q3 & 9M of 2021

Strategic Research Institute
Published on :
02 Dec, 2021, 5:23 am

Russian steel pipe producer TMK CEO Mr Igor Korytko said “TMK has delivered a solid performance in the third quarter and nine months of 2021, with strong growth in our revenue and EBITDA on both a quarterly and a year-on-year basis. This was supported by a recovery in business activity in our key geographic markets, as well as continued synergies unlocked from the acquisition of the Chelpipe assets, which allow the Company to respond flexibly to any changes in the market, optimise production capacities, and manage risks in conditions when production planning horizons have significantly decreased. This helped us, in particular, mitigate pressure from increased raw material prices and post an increase in our EBITDA margin, which was 14.3% as at the end of 3Q.”

Q3 Sales - In 3Q 2021, the Russian pipe market declined by 11% compared to the previous quarter. Increased shipments of large diameter pipe and higher demand for line pipe were offset by lower shipments of industrial pipe, due to the market saturation, and decline of the total OCTG pipe market, following slower purchasing activity by the oil and gas companies, and OPEC+ oil production cuts. At the same time, the share of horizontal drilling increased by 5 p.p. to almost 58% in 3Q 2021. In 3Q 2021, pipe demand in Europe continued to improve after the lifting of major COVID-19 lockdowns, supported by extensive stimulus measures adopted by European countries, while pipe selling prices were on the rise, mainly driven by elevated raw material prices.

Seamless – 823 KT, down 4% QoQ

Welded – 331 KT, up 11% QoQ

Total sales - 1,154 KT, up 0% QoQ

9M Sales - The Russian pipe market declined by 5% year-on-year. Increased shipments of large diameter pipe were offset by decline of the total OCTG pipe market, as drilling volumes in 9M 2021 were down year-on-year following OPEC+ oil production cuts, while the share of horizontal drilling increased from 50% as of the end of 9M 2020 to 54% as of the end of 9M 2021. In 9M 2021, European pipe producers saw a further increase in orders and higher pipe selling prices, driven by high raw material prices.

Seamless - 2,221 KT, up 44% YoY

Welded – 788 KT, up 48% YoY

Total sales - 3,009 KT, up 45% YoY

3Q Revenue up by 7% quarter-on-quarter at RUB 117.3 billion, supported by stable sales volumes and increased selling prices. 9M Revenue up by 79% year-on-year at RUB 291.5 billion, due to a gradual recovery of business activity in the Group’s key markets and segments, as well as the consolidation of the results from ChelPipe Group’s enterprises.

3Q Adjusted EBITDA up by 19% quarter-on-quarter at RUB 16.8 billion. Adjusted EBITDA margin in 3Q 2021 improved by 1.4 p.p. quarter-on-quarter to 14.3%. 9M Adjusted EBITDA up by 13% year-on-year at RUB 39.5 billion, due to the consolidation of the results from ChelPipe Group’s enterprises, which offset a noticeable increase in raw material prices in 9M 2021.

4Q 2021 Outlook - The Group expects demand in its key market segments in Russia, seamless OCTG and industrial pipes, to remain stable until the end of the year. Consumption of industrial pipe in the European market is expected to increase further on the back of the ongoing economic recovery. Overall, the Group expects FY 2021 EBITDA to increase significantly YoY, supported by the gradual recovery of business activity in the Group’s key markets and segments, as well as the consolidation of the results from ChelPipe Group’s enterprises. The Group also expects its EBITDA margin to improve further in 4Q 2021.
voda
0
Study Shows that Hydrogen Based Green Steel Feasible at Tata Steel

Strategic Research Institute
Published on :
02 Dec, 2021, 5:26 am

Tata Steel Netherlands announced that an independent Roland Berger study shows that Tata Steel’s ambition to make steel using hydrogen by 2030 is feasible. The study was conducted on behalf of FNV and Tata Steel to test whether the Green Steel plan of FNV and the employees is realistic. After the first step, which involves switching to gas, the step to hydrogen can be made. An important condition is that all local and national government parties must cooperate. The Roland Berger study shows that it is possible to transition to Direct Reduced Iron technology before 2030. This technology is used to produce iron from natural gas or hydrogen in combination with electric furnaces.

The report shows that Tata Steel must start as soon as possible to get everything done. It is the government’s turn when it comes to speeding up the required licensing procedures, but also with regard to the design of the infrastructure for hydrogen. More attention must be paid to developing the legislation and regulations needed for the energy transition.

Setting up a DRI installation means that the current process of iron melting using blast furnaces, in combination with coke gas plants, will cease. Once the new installations are in operation, several plants on the site may close, thereby further reducing other emissions.
voda
0
Russia Hikes Steel Scrap Export Tax to EUR 100 Per Tonne

Strategic Research Institute
Published on :
02 Dec, 2021, 5:28 am

Russian Government had decided to increase an export tax on ferrous scrap to 5%, but not less than EUR 100 per tonne, starting from 1 Janaury 2022 for a period of 180 days to mitigate the impact of external conditions on the domestic market, adjust prices and secure raw materials supply to domestic producers

Currently, exporters are levied with a 5% duty, but not less than EUR 70 per tonne.
voda
0
NMDC Reports Best Ever November Performance

Strategic Research Institute
Published on :
02 Dec, 2021, 5:30 am

Indian state owned iron ore miner NMDC announced that with iron ore production of 3.34 million tonne in November 2021 has achieved the highest ever for any November month since inception and sales is 2.88 million tonne in November 2021.

Cumulative production and sale figures for the first eight months of the FY22 up to November 2021 stood at 24.37 million tonne and 24.96 million tonne respectively, the best ever performance upto November for any year. The company achieved a growth of 36% in production and 33% in sales over CPLY.
voda
0
Steel Minister Explores Coking Coal Imports from Mongolia

Strategic Research Institute
Published on :
02 Dec, 2021, 5:32 am

India’s Union Steel Minister Mr Ram Chandra Prasad Singh met Mongolian Parliamentary delegation led by Mr Gombojav Zandanshatar, Chairman of State Great Khural of Mongolia, Parliament of Mongolia. Mentioning previous discussions between two sides, the delegation and Steel Minister discussed the possibility of importing good quality coking coal from Mongolia. For a mutually beneficial relationship both sides expressed keenness to develop Mongolia as a reliable source of quality coking coal at a competitive price, when the need of coking coal in India shall only increase.

This could be an important step for Indian Steel sector towards possibilities of raw material securitisation and price stability, in times of rising coking coal prices and creating alternative sources for this important raw material, overcoming supply constraints.

Coking coal being an important raw material for steel-making is not abundantly available in India but Mongolia has abundant reserves.
voda
0
Vale to Set Up 500KT Green Pig Iron Plant in Brazil

Strategic Research Institute
Published on :
02 Dec, 2021, 5:35 am

The Department of Environment and Sustainability of Brazil’s state Para Sernas has granted the installation license to Brazilian iron ore giant Vale’s subsidiary Tecnored for green pig iron production in the city of Maraba in Para state of Brazil. The plant, which will also include a biomass processing facility, will produce 500,000 tonne per year of low carbon pig iron. The plant is expected to commence productions by 2025 or 2026

Tecnored uses a low carbon pig iron process to produce the product by using corn biomass. The technology is one of the company's main decarbonisation initiatives. The main difference between regular BF pig iron and the pig iron produced in Tecnored furnace is reduction chemistry. The Tecnored process uses cold bonded selTreducing agglomerates, pellets or briquettes, produced from iron ore fines or iron bearing residues, plus fines of pet coke, coal, charcoal, or carbon bearing residues. The technology includes the use of energy sources, such as biomass, syngas, which emit less carbon than the coal during the production process.
voda
0
Netherland Plans Tougher Pollution Measures at Tata Steel Ijmuiden

Strategic Research Institute
Published on :
02 Dec, 2021, 5:37 am

Dutch News reported that Tata Steel steelworks in IJmuiden in the Netherland will have to meet tougher rules on pollution and will face extra checks to make sure it complies, under a new government plan to improve the air quality around the plant. Netherland’s Junior Infrastructure Minister Mr Steven van Weyenberg said “This action plan does not immediately eradicate all the problems that affect local residents. After all, factories and production processes have to be adapted and improved, and that takes time. However, the plan does mean acceleration towards a healthier living environment, with agreements and rules that Tata Steel is bound by.”

The seven point plan includes tightening up plant’s current permits which will require Tata Steel to adapt its production processes. The company has also agreed to bring forward some targets outlined in its own roadmap for tackling emissions. To find out if the improvements are actually being achieved, the current monitoring programme will be expanded and the RIVM public health institute will carry out two independent research projects on the impact of the measures in 2022.

In September, several Dutch MPs called for tougher environmental standards for the Tata steelworks, suggesting closing the most polluting operations and even mooted partial nationalisation. Parliament made the call following the publication of a RIVM report which concluded that dust in the IJmuiden region contains high levels of metals, such as lead, and polycyclic aromatic hydrocarbons PAHs. RIVM report said “The level of pollution, which was highest in the seaside resort of Wijk aan Zee, is particularly undesirable for the health of children.”

Tata Steel Nederland recently announced that it will move to a more sustainable production process using hydrogen and green electricity, and aims to have partially switched by 2030.
Bijlage:
voda
0
BNEF Pegs Steel Industry Green Transition Cost at USD 278 Billion

Strategic Research Institute
Published on :
02 Dec, 2021, 5:44 am

Government and corporate net-zero commitments are pushing global steel industry to cancel out its emissions by 2050 and efforts to decarbonize steel production are central to the net-zero aspirations of China, Japan, Korea and the European Union. According to a new report from research firm BloombergNEF, steel production could be made with almost no carbon emissions through USD 278 billion of extra investment by 2050. The report “Decarbonizing Steel: A Net-Zero Pathway”, which was launched in time for the virtual BNEF Summit Shanghai, outlines the path to making profitable, low-emissions steel and describes how a combination of falling hydrogen costs, cheap clean power, and increased recycling could reduce emissions to net zero, even while total output increases.

As per report “By 2050, green hydrogen could be the cheapest production method for steel and capture 31% of the market. Another 45% could come from recycled material, and the rest from a combination of older, coal-fired plants fitted with carbon capture systems and innovative processes using electricity to refine iron ore into iron and steel. This would be a dramatic shift in the type of furnaces and fuels used to produce steel. Today, around 70% of steel is made in coal-fired blast furnaces, with 25% produced from scrap in electric furnaces, and 5% made in a newer, typically natural gas-fired process known as DRI, or direct reduced iron. Converting a significant portion of the fleet to hydrogen would require more DRI plants and more electric furnaces. Blast furnace production would fall to 18% of capacity in this scenario.”

The report added “By 2050, green hydrogen could be the cheapest production method for steel and capture 31% of the market. Another 45% could come from recycled material, and the rest from a combination of older, coal-fired plants fitted with carbon capture systems and innovative processes using electricity to refine iron ore into iron and steel. This would be a dramatic shift in the type of furnaces and fuels used to produce steel. Today, around 70% of steel is made in coal-fired blast furnaces, with 25% produced from scrap in electric furnaces, and 5% made in a newer, typically natural gas-fired process known as DRI or direct reduced iron. Converting a significant portion of the fleet to hydrogen would require more DRI plants and more electric furnaces. Blast furnace production would fall to 18% of capacity in this scenario.”

In order to achieve this transformation, there are five key actions for the sector to consider

1. Boost the amount of steel that is recycled, particularly in China

2. Procure clean energy for electric furnaces

3. Design all new capacity to be hydrogen or carbon capture-ready

4. Begin blending hydrogen in existing coal- and gas-based plants to lower the cost of green hydrogen

5. Retrofit or close any remaining coal-fired capacity by 2050

As per report “Producing green steel from hydrogen and electric furnaces will require massive amounts of clean energy, and a shift to higher grades of iron ore. This could change where most steel is made, or shake up the mining industry. Russia and Brazil both have access to high-quality iron ore reserves and to abundant clean power. Moreover, Brazil is expected to have one of the lowest costs for hydrogen production by 2030, according to research by BloombergNEF. South Africa and India have good iron ore reserves and the potential to produce a large amount of low-cost clean power. The world’s largest iron ore producer, Australia, however, currently produces lower grade ores, and could lose its number one place in the supply chain, if it does not invest in equipment to upgrade its product. China will continue to play a pivotal role. Currently home to 57% of the world’s steelmaking capacity, its path to lower emissions will set the direction for the industry as a whole. The Chinese steel industry intends to focus first on increasing recycling and energy efficiency before adopting early-stage technologies like hydrogen and carbon capture.”

BloombergNEF estimates that new clean capacity and retrofits for lower emissions will cost the steel industry an additional USD 278 billion compared to business-as-usual capacity growth. This is a relatively modest figure, compared to the USD 172 trillion estimated by BNEF to decarbonize the global energy sector. Most of the costs to make green steel come from operations, rather than capital costs. Reducing the cost of green hydrogen is thus critical, and BNEF estimates that these should fall more than 80% by 2050 to under $1/kg in most parts of the world. Green recycling is also a cost-effective and immediate solution. Steel recycled using 100% clean electricity would only require a 5% premium to match costs for today’s recycled material. By 2050, with lower clean power costs, this premium could shrink to less than 1%.
Bijlage:
voda
0
Gregory Industries Building Plant in Athens in Ohio

Strategic Research Institute
Published on :
02 Dec, 2021, 6:01 am

Local media reported that Ohio US based Gregory Industries has announced it will build a US 30 million manufacturing facility in Athens and hire 100 people. The roll form steel manufacturer is planning a 325,000-square-foot facility on 83 acres in the Elm Industrial Park. Construction is expected to begin next March, with operations beginning next fall.

Gregory Industries, based in Canton, Ohio, makes highway safety, metal framing channels, tubing, and other roll form steel products.
voda
0
Greenland Cancels General Nice License for Iron Ore Deposit

Strategic Research Institute
Published on :
02 Dec, 2021, 5:30 am

Arctic Today reported that Greenland has stripped a Chinese mining company of its license to an iron ore deposit near the capital Nuuk, dealing a blow to attempts by Chinese companies to gain a foothold on the resource-rich Arctic island. The license was withdrawn because of inactivity at the site and failed to make the agreed guarantee payments. It will be offered to new interested companies once it has formally been handed back.

General Nice, a Chinese coal and iron ore importer, took control of the Isua mine project in 2015, replacing previous owner London Mining, which went bankrupt. It was the first Chinese firm to have the right to exploit minerals in Greenland, which has attracted international interest as climate change has opened up waterways and access to the vast Arctic island’s mineral resources.

London Mining, which obtained the exploitation license in 2013, had initially planned to hire some 2,000 Chinese workers to construct the project and aimed to supply China with around 15 million metric tonnes of iron ore a year. However, it failed to secure sufficient financing.
Bijlage:
voda
0
Worker Union Serve Strike Notice to SCCL against Coal Block Sale

Strategic Research Institute
Published on :
02 Dec, 2021, 5:30 am

Local media reported that the Telangana Boggu Gani Karmika Sangam affiliated to the TRS served a strike notice for December 9 on the Singareni Collieries management, seeking withdrawal of four SCCL coal blocks from auction by the Union Ministry of Coal. The notice said the Sangham will lead a strike on or after December 9 against the privatization. Its president Mr Venkata Rao served the notice on the CMD of SCCL. They demanded that the four coal blocks i.e., Kalyan Khani Block-6, Koyagudem Block-3, Sathupalll Block-3 and Shravanapalli should be withdrawn from auction.

Their other demands include enhancement of age from 35 years to 40 years for dependents or medically Invalidated and deceased employees also; and correction or alias names or workmenand their dependents' names also for the purpose or providing dependent employment.
voda
0
Thyssenkrupp stelt doelstellingen middellange termijn vast
Als vervolg van herstructureringen.

(ABM FN-Dow Jones) Het Duitse industrieel conglomeraat Thyssenkrupp heeft voor de middellange termijn zijn doelstellingen vastgesteld in aansluiting op de lopende herstructureringen. Dit maakte de onderneming donderdag bekend.

Het bedrijf wil op middellange termijn een aangepaste EBIT-marge van 4 tot 6 procent. In het fiscale boekjaar 2021, dat eindigde op 30 september, kwam deze marge uit op 2,3 procent.

Verder mikt Thyssenkrupp op middellange termijn op een positieve vrije kasstroom, fusies en overnames buiten beschouwing gelaten, en wil het weer een stabiel dividend uitkeren.

De onderneming is bezig aan een herstructurering en heeft de beursgang van Uhde Chlorine Engineers op de agenda staan.

De outlook voor het lopende boekjaar bleef staan. Thyssenkrupp mikt onder meer op een aangepast bedrijfsresultaat (EBIT) van 1,5 tot 1,8 miljard euro.

Door: ABM Financial News.

info@abmfn.nl

Redactie: +31(0)20 26 28 999
voda
0
European Commission to monitor CBAM downstream price impact
340 Views

The EU’s prospective carbon border adjustment mechanism (CBAM) will increase prices of imported products but should not have a huge impact on prices downstream, says Yiannis Zachariadis, policy officer at the European Commission’s Directorate-General for Taxation and the Customs Union (DG Taxud).

“We didn’t find evidence that CBAM would in fact trigger a carbon leakage in downstream sectors,” he said during this week’s Euranimi online conference attended by Kallanish. “That of course is on the basis of the analysis that we made and on the basis of carbon prices as they stand at the moment.”

However, DG Taxud will monitor the steel market in the future should carbon prices increase considerably, also causing downstream product values to hike. The authority is beginning to consider how to address “the proportion of CBAM products in the downstream products", Zachariadis added.

“We are not in an anti-dumping situation when we apply a major [tariff] in 15 months,” commented DG Taxud policy officer Roberto de Micco. “We apply a major in 15 years. In 15 years, everything will be different, so whatever evaluation of today’s impact of CBAM on prices is unreliable because it compares export prices with domestic prices, and export prices will be different in 15 years because everyone is increasing their prices due to carbon constraints. That is what the Paris Agreement wants and it is what we asked third country partners at COP26.”

CBAM is designed as a behavioural instrument to push third countries to also apply a carbon price in their own domestic markets. The Turkish and Russian governments are already considering applying a carbon tax. The price of steel products will anyway go up globally amid decarbonisation, De Micco said. “CBAM is helping but the process that is pushing the carbon price up is a climatic process,” he concluded.

Natalia Capra France
voda
0
Global

The JP Morgan Global Manufacturing PMI edged down to 54.2 in November, little-changed from readings achieved in the prior three months. The headline PMI has now signalled improvements in business conditions for 17 consecutive months. All five of the PMI components were at levels normally associated with positive trends in operating performance. Output, new orders, employment and stocks of purchases all continued to expand. Vendor delivery times also lengthened sharply, mainly reflecting the ongoing severe strain being experienced across global supply chains. All three of the sub-sectors covered by the survey (consumer, intermediate and investment goods) registered PMI readings above the neutral 50.0 mark in November. Of the 30 nations for which latest data were available, 26 saw expansions and four (China, Brazil, Mexico and Myanmar) registered contraction. The euro area remained a bright growth spot, with four of the five highest ranked countries (Italy, the Netherlands, Ireland and Greece) located in the currency bloc. The US was in sixth position overall.

The outlook for the global manufacturing sector also remained positive in November. Companies forecast (on average) that production would be higher one year from now, with the overall degree of confidence rising to a five-month high. Alongside optimism bred by the current upturn, manufacturers also expected a number of headwinds (including disruptions caused by supply chain stresses and COVID) to lessen during the coming year.

China
Latest PMI data indicated that overall business conditions faced by Chinese manufacturers were broadly unchanged in November. The Caixin China Generol Manufacturing PMI came in at 49.9 in November, down from 50.6 the previous month. The index plunged into contractionary territory for the second time since April 2020. Supply in the manufacturing sector recovered, while demand weakened. Relaxing constraints on the supply side, especially the easing of the power crunch, quickened the poce of production recovery. In November, the measure for output returned to positive territory after remaining in negative territory for three consecutive months. But demand was relatively weak, supressed by the Covid-19 epidemic and rising product prices. The pandemic hurt external demand, with the gouge for new export orders staying in negative territory for the fourth straight month in November. To sum up, the manufacturing sector remained stable overall in November. Increased downward pressure and easing inflationary pressure were prominent features of the economic situation. From lote October to mid-November, there were sporadic new Covid outbreaks in several Chinese regions, which had a negotive impoct on the economy and particularly supressed the demand side. After the shortage of power was alleviated, the supply side began to recover. But due to weak demand, the supply recovery ivos limited, and the foundation of the recovery ivos not solid. The government’s measures to stabilize commodity supplies and prices began to bear fruit, which significantly eased cost pressures on manufacturing enterprises. But the gauges of input costs and output prices remained in exponsionory territory, showing inflationary pressure still remained.

EU
Eurozone manufacturing sector growth stabilised in November, latest PMI® data showed, following a four-month slowdown from June's record expansion. However, factory operations across the euro area continued to be hindered by severe supply-related constraints. The IHS Markit Eurozone Manufacturing PMI increased from 58.3 in October to 58.4 in November, marking the first rise in the headline index since June. However, aside from the positive direction change, the latest data marked the second-slowest expansion since February. Data split by the three broad market groups showed further growth slowdowns at intermediate and investment goods makers, while consumer goods producers recorded an accelerated expansion. Monitored euro area constituents continued to record strong-to-sharp rates of expansion in their manufacturing sectors during November. Italy was the clear stand-out performer, with growth here accelerating to a survey high, surpassing the previous peak set May and the improvements seen in other nations. Greece meanwhile registered one of its fastest expansions on record, despite a fractional easing. Elsewhere growth rates tended to slow compared with those seen earlier in 2021.

Italy - 62.8, Record high

Netherlands - 60.7, 9-month low

Ireland - 59.9, 8-month low

Greece - 58.8, 2-month low

Austria - 58.1, 10-month low

Germany - 57.4, 10-month low

Spain - 57.1, 8-month low

France - 55.9, 3-month high

Looking ahead, rising COVID-19 infection rates cast a darkening cloud over the near-term outlook, threatening to further disrupt supply chains while at the same time diverting spending from consumer services to consumer goods again, therefore worsening the imbalance of supply and demand.

India
The Indian manufacturing industry continued to expand in November, with growth gathering pace and forward-looking indices generally pointing to further improvements in the months to come. The fact that firms purchased additional inputs at a stronger rate amid efforts to restock, combined with recurring declines in inventories of finished goods and tentative signs of a pick-up in hiring activity, indicate that production volumes will likely expand further in the near-term. Increasing from 55.9 in October to 57.6 in November, the seasonally adjusted IHS Markit India Manufacturing Purchasing Managers' Index signalled the strongest improvement in the health of the sector for ten months. Moreover, the headline figure was well above its long-run average of 53.6. Manufacturers stated that strengthening demand, improving market conditions and successful marketing boosted sales in November. Factory orders rose for the fifth successive month and at a sharp pace that was the fastest since February. Underlying data suggested that the domestic market was the main source of sales growth, as new export orders rose at a slight pace that was weaker than in October. Buoyed by the pick-up in demand, companies stepped up production volumes during November. Output rose sharply and at the fastest rate in nine months.

The key threat to the outlook, in addition to potential new waves ofCOVID-19, is inflationary pressures. For now, companies are absorbing most of the additional cost burdens and lifting output charges only moderately. Should raw material scarcity and shipping issues continue to feed through to purchasing prices, substantial increases in output charges could be seen and demand resilience would be tested.
Bijlage:
voda
0
Deel 2:

Japan
Japanese manufacturers signalled a quicker improvement in operating conditions in November, as respondents registered the fastest expansions in production and new order volumes for seven months. At the same time, however, firms continued to report significant supply chain disruption had intensified price pressures midway through the fourth quarter, with manufacturers commenting that material shortages and delivery delays in receiving inputs had contributed to the sharpest rise in cost burdens in over 13 years. That said, Japanese manufacturers remained strongly optimistic regarding the year-ahead outlook for output. The headline au Jibun Bank Japan Manufacturing Purchasing Managers’ Index rose from 53.2 in October to 54.5 in November. This signalled the strongest improvement in the health of the sector since January 2018, and the tenth consecutive month of overall growth. The improvement in operating conditions stemmed from a second successive rise in production volumes in November, and at the fastest pace since April. Firms often attributed this to improved orders, particularly in the production of inputs and intermediate goods. That said, growth was held back slightly by reports of difficulties in sourcing and receiving raw materials. Japanese goods producers signalled a further expansion in new order inflows in November. This was the second instance of growth in as many months and the sharpest recorded for seven months. Businesses reported that client demand had continued to recover as sales were boosted by increased investment into development of new products. New export orders growth hit a five-month high with anecdotal evidence pointing to concentrated growth in South East Asia.

Looking forward, business confidence regarding output over the year ahead remained positive with sentiment underpinned by hopes that an end to the COVID-19 pandemic was in sight, which built anticipation that growing domestic and external demand would support the launch and production of new products.

US
November PMI data from IHS Markit signa lied the second -wea kest rise in production recorded in US over the past 14 months as producers reported further near-record supply delays and a slowing of new order inflows to the softest so far this year. Jobs growth also waned amid difficulties filling vacancies. Longer lead times, supplier shortages and higher energy prices meanwhile pushed the rate of cost inflation to a fresh series high. Although firms still sought to pass on greater costs to clients, the pace of increase in prices charged slowed to the softest in three months amid signs of push-back to higher prices from customers. The seasonally adjusted IHS Markit US Manufacturing Purchasing Managers’ Index posted 58.3 in November, down fractionally from 58.4 in October and lower than the earlier release 'flash' estimate of 59.1. The latest reading was the lowest since December 2020. Although remaining well above the 50.0 neutral level, the PMI was boosted in particular by the further near-record lengtheningof supplier lead times and increased inventory building. While normally considered positive developments associated with an expanding manufacturing economy, the lengthening of lead times reflected an ongoing supply shock and inventory building often reflected concerns over the future supply situation.

Although US manufacturers indicated a stronger rate of increase in production during November amid reports of a sustained rise in new orders, the pace of growth was the second-slowest since September 2020. Companies continued to state that the upturn was held back by material shortages.
voda
0
Deel 3:

Russia
Russian manufacturers registered a further marginal improvement in the health of the sector, according to November PMIe data. Overall growth was supported by faster upturns in production and new orders, with stronger client demand also driving the steepest rise in employment since late-2018. Greater staffing numbers allowed manufacturers to process new sales in a timely manner, with backlogs of work falling at a quicker pace. In line with greater customer demand, firms' expectations regarding the outlook for output over the coming year was revised upwards to its strongest since June. Meanwhile, cost burdens rose at the sharpest pace for four months amid a further deterioration in vendor performance. That said, firms recorded a slower increase in charges. The headline seasonally adjusted IHS Markit Russia Manufacturing PMIe registered 51.7 in November, fractionally higher than 51.6 recorded in October, to signal a second successive improvement in operating conditions across the Russian manufacturing sector. The upturn was the fastest for six months. Contributing to the overall expansion was a modest rise in production.

The rate of output growth was the steepest since May, albeit subdued in the context of the series history. Increases in production were linked by panellists to stronger client demand and another rise in new order inflows. At the same time, Russian goods producers recorded a marginal uptick in new orders in November. Alongside more favourable demand conditions, firms also noted that access to new markets boosted total new sales. Although slower than the long-run series average, the rate of expansion was the sharpest for six months. Meanwhile, November data signalled an end to a five-month sequence of decline in new export orders.

South Korea
Supply issues continued to impact the South Korean manufacturing sector midway through the fourth quarter of the year. Output volumes fell for the second successive month, while new order growth broadly stagnated as manufacturers continued to report that sustained supply chain disruption had hindered demand in the sector and placed additional strain on business costs and capacity. As such, the ongoing issues surrounding raw material supply contributed to a survey record increase in input costs. Nonetheless, businesses cited hopes of an easing of disruption as a key factor in a stronger year-ahead outlook, which improved to the highest since August. At 50.9 in November, the seasonally adjusted South Korea Manufacturing Purchasing Managers’ Index rose from 50.2 in October, indicative of a quicker, yet still marginal improvement in the health of the sector. The latest increase extended the current sequence of improving operating conditions to 14 months. November data pointed to a second successive decrease in manufacturing output, albeit one that was softer than October. Firms commonly associated lower output with shortages of raw materials and slower new order growth, particularly in the semiconductor industry. South Korean manufacturers signalled that incoming orders broadly stagnated in November. Despite rising for the fourteenth month running, the rate of increase was the softest in the sequence as demand was affected by supply chain disruption, notably in the automotive sector. Positively, new export orders saw the rate of growth quicken in the latest survey period, with reports of improving demand across the Asia-Pacific region.

Looking ahead, South Korean goods producers were optimistic regarding the outlook for activity over the coming year, amid hopes that supply chain pressure would ease alongside a global recovery in demand. Positive sentiment strengthened in comparison to October and was the highest since August.

Turkey
The latest PMI survey data from Istanbul Chamber of Industry and IHS Markit signalled a slight increase in output in the manufacturing sector during November, despite signs that inflationary pressures and supply-chain disruption impacted negatively on demand during the month. Manufacturers raised their selling prices at the sharpest pace on record in response to a marked acceleration of input cost inflation, in turn largely reflective of currency weakness. The headline PMI posted 52.0 in November, up from 51.2 in October and signalling an improvement in business conditions for manufacturers for the sixth successive month. The improvement in operating conditions in part reflected a return to growth of output, which increased marginally following a slowdown in October. Production was supported by a further rise in employment, with job creation now having been recorded in each month during the past year-and-a-half. There were further signs of weakness in new orders, however, with total new business slowing for the second month running despite continued growth of new export orders. Where new business eased, panellists linked this to price rises, shortages of electronic components and issues in the automotive.

Input costs increased at a substantial pace during November, with the rate of inflation accelerating sharply to the fastest since September 2018. Anecdotal evidence suggested that the latest rise in costs was due to weakness of the Turkish lira. In turn, manufacturing firms raised their own selling prices at the steepest pace in the 16-and-a-half year survey history.

voda
0
Deel 4:

ASEAN
Following a return to growth in October, the ASEAN manufacturing sector remained in expansion territory during November, according to the latest IHS Markit Purchasing Managers' Index data. Both output and new orders rose further, with the rates of growth remaining close to recent peaks despite easing slightly, while firms cut jobs at the weakest rate for five months. The headline PMI posted above the 50.0 mark for the second month running in November. The latest reading was down from October's survey high of 53.6, to 52.3 in November, but was nonetheless indicative of one of the quickest improvements in ASEAN manufacturing conditions on record.

Growth was again broad-based across the seven constituent ASEAN nations, with the exception of Myanmar. Indonesia recorded the fastest rate of expansion, with the PMI (53.9) signalling a sharp improvement in manufacturing conditions. A near record expansion was also recorded in Malaysia, with the headline index ticking up to the fifth highest on record at 52.3, and indicative of a solid upturn overall. Elsewhere, stronger rates of growth were registered in both Vietnam and the Philippines during November. In the former, the PMI hit a six-month high of 52.2, while the headline index for the Philippines (51.7) was the highest since March and signalled a moderate improvement in operating conditions. At the same time, Singapore recorded a sustained improvement in the health of its manufacturing sector midway through the fourth quarter. The PMI (52.2) dipped to a three-month low, but nonetheless pointed to a moderate rate of expansion overall. Thailand too remained on a growth footing during November, although the headline index fell to 50.6 to signal only a marginal upturn in the health of the sector. Finally, Myanmar continued to buck the trend during November. The PMI remained below the neutral 50.0 level to signal a deterioration in conditions for the fifteenth month running, but rose to its highest level since January. At 46.7, the latest figure signalled only a moderate pace of decline.

Overall, the ASEAN manufacturing sector continued to recover during November. Output rose for the second month running, with the rate of expansion easing only slightly from October's survey record amid a sustained and solid uplift in new orders. That said, order book growth moderated noticeably from the record rateof increase seen in October, due in part to a sustained decline in export orders.

Top 9 Steel-Producing Regions / Countries

1. China
2. EU
3. India
4. Japan
5. United States
6. Russia
7. South Korea
8. Germany
9. Turkey
voda
0
RHI Magnesita Inaugurates New Tunnel Kiln at Urmitz

Strategic Research Institute
Published on :
03 Dec, 2021, 5:03 am

World leader for refractory products and solutions RHI Magnesita announced that a new tunnel kiln was fired up at the Urmitz plant in Germany last month. The 122 meter long lightweight kiln generates temperatures of up to 1550 degree Celsius and represents the heart of modern refractory production. It is primarily used to fire bricks for the refractory lining of aggregates, which are essential for the steel, glass, cement, lime, energy and chemical industries. This is the first time in decades that a tunnel kiln for shaped and fired refractory products has existed at the Urmitz plant. The tunnel kiln will burn continuously for several decades and its performance will increase the plant’s capacity by around 25,000 tons per year. The new tunnel kiln significantly expands the plant’s product range and serves to further enhance offerings in non-basic refractory products.

RHI Magnesita has invested a total of 23 million euros in the site. This will re-equip and expand the traditional plant as a central European hub for the manufacture of non-basic refractory products. In addition to the costs for the construction of the tunnel kiln, the investment is accompanied by the modernization, automation and all-encompassing digitalization of the plant, which are decisive factors for the optimization of the value chain. This will grow the plant’s production volume and at the same time increase its energy efficiency by 10 percent.
Bijlage:
voda
0
Metinvest Northern GOK Commissions Crusher & Conveyor Line

Strategic Research Institute
Published on :
03 Dec, 2021, 5:07 am

Ukrainian steel maker Metinvest’s Northern GOK has commissioned the second start-up complex of its Crusher & Conveyor System. The crusher and conveyor technology comprises a system of conveyors connected with one another by drive stations controlling the transportation equipment. The complex is located at the Pervomaiskiy open-pit mine, one of the largest open-pit mines in Ukraine. The annual design capacity of the mine is 23 million tonnes of ore. The ??S consists of two parallel lines: one each for ore and rock transportation. In 2016, when the ore conveying line was put into operation, more than 80 main and auxiliary facilities were built. The second conveying line has now been put into operation to transport rock. Each line has an annual capacity of 20 million tonnes of mined material.

From the open-pit mine, ore and rock are transported by trucks to the crushers. Once crushed, they are transferred to the conveyor system to travel 2.3 kilometres in 16 minutes. After arriving to the surface of the mine, ore and rock are loaded into railway cars. Ore is then delivered to the crushing plant, while rock is transported to the dump area. From now on, ore and rock will be transported from the 300-metre-deep open-pit mine to the surface by two conveyors with a total annual capacity of 40 million tonnes.

The commissioning of the CCS will help to mine iron ore more efficiently and reduce the cost of iron ore concentrate production. Particularly, it will reduce the distance of rock haulage by trucks by half a kilometre. It will also halve the number of stations that handle the mined material from the open pit to the mine surface, as part of the material flow will be redirected to the new conveyor of the crusher and conveyor system. The project also addresses environmental issues. Conveyors help to deliver the mined material from the open-pit mine more quickly and the reduced truck run time decreases the environmental impact.

This is one of the largest projects in independent Ukraine’s mining industry. Investments in the construction of the complex totalled roughly USD 200 million.
voda
0
OMK Chusovoy Plant Becomes Supplier of Auto Springs to Mercedes

Strategic Research Institute
Published on :
03 Dec, 2021, 5:14 am

Russian United Metallurgical Company OMK’s leading manufacturer of automotive components for trucks of Russian and foreign brands Chusovoy plant of the has been assessed by Daimler Kamaz Rus, the official manufacturer of Mercedes-Benz trucks and special vehicles and FUSO trucks in Russia. Based on the assessment results, the Chusovoy plant can claim the status of an official supplier of DK Rus.

OMK Chusovoy plant Managing Director Mr Azat Imamov said “The first visit of the specialists of the Daimler Kamaz Rus company opens up prospects for cooperation, the basis of which will be the high quality and reliability of the products of the Chusovoy enterprise. We will develop and implement a production development program, taking into account the recommendations, in order to achieve the maximum supplier level according to the DK Rus rating scale. For our part, we are ready to provide the manufacturer with our products in full and on time.”

Spring products for foreign cars under the SPRINGER brand have been produced at OMK's Chusovoy plant since 2016. The company supplies products to car factories VOLVO, FORD, produces springs for trucks MERCEDES, MAN, SCANIA, RENAULT, IVECO, BPW, Isuzu and other brands.
30.570 Posts, Pagina: « 1 2 3 4 5 6 ... 1443 1444 1445 1446 1447 1448 1449 1450 1451 1452 1453 ... 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

Detail

Vertraagd 27 mei 2022 17:38
Koers 30,445
Verschil +0,955 (+3,24%)
Hoog 30,445
Laag 29,530
Volume 5.886.142
Volume gemiddeld 5.848.048
Volume gisteren 4.655.423

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