ArcelorMittal LU1598757687

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1. voda 31 januari 2022 16:49

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   Beursblik: meer winst bij ArcelorMittal verwacht
   Wel daling ten opzichte van derde kwartaal.
   
   (ABM FN-Dow Jones) ArcelorMittal heeft in het vierde kwartaal van 2021 vermoedelijk meer winst geboekt dan een jaar eerder, hoewel er op kwartaalbasis wel sprake was van een terugval. Dit verwachten analisten die bijdroegen aan de bedrijfsconsensus van de staalreus.
   
   De analisten rekenen gemiddeld op een EBITDA in het vierde kwartaal van 5,0 miljard dollar. Dat zou minder zijn dan de 6,1 miljoen dollar in het derde kwartaal van 2021, maar veel meer dan de slechts 1,7 miljard dollar in het vierde kwartaal van 2020.
   
   De vooruitzichten blijven volgens topman Aditya Mittal positief, zei hij bij de cijfers over het derde kwartaal, met naar verwachting een verder aantrekkende onderliggende vraag. En ook de prijzen zullen hoog blijven, denkt de CEO. Dat zal tevens terug te zien zijn in de contracten voor 2022.
   
   Eerder sprak ArcelorMittal de verwachting uit dat de wereldwijde vraag naar staal afgelopen jaar met 7,5 tot 8,5 procent is gegroeid.
   
   Voor heel 2021 mikken de analisten op een EBITDA van 19,4 miljard dollar. Dat was in 2020 4,3 miljard dollar.
   
   ArcelorMittal opent op 10 februari de boeken over het vierde kwartaal. Het aandeel stijgt maandagmiddag 2,7 procent tot 26,29 euro.
   
   Door: ABM Financial News.
   
   info@abmfn.nl
   
   Redactie: +31(0)20 26 28 999
2. voda 31 januari 2022 17:29

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   ThyssenKrupp beslist in komende maanden over beursgang waterstofdochter
   Van onze redacteur 15:31
   
   Het Duitse staalconcern ThyssenKrupp TKA€8,84-3,77% wil zijn waterstofdochter Nucera in de komende maanden naar de beurs brengen. Dat zei ceo Martina Merz tijdens een virtuele algemene vergadering, meldt zakenkrant Handelsblatt. De bijeenkomst was vrijdag, maar het nieuws is pas maandag naar buiten gebracht.
   
   'Het heeft onze voorkeur om een ??deel van het bedrijf naar de beurs te brengen en tegelijkertijd de meerderheidsaandeelhouder te blijven om te profiteren van de groeivooruitzichten ervan', zei Merz. Ze voegde eraan toe dat een beslissing over een beursgang in de eerste helft van 2022 zou kunnen vallen. Het bedrijf zou met het uitgeven van nieuwe aandelen €500 mln tot €600 mln willen ophalen.
   
   Waterstof
   Op dit moment bezit ThyssenKrupp tweederde van Nucera. De rest is eigendom van Italiaanse joint-venturepartner De Nora. Nucera, tot voor kort bekend als Uhde Chlorine Engineers, houdt zich bezig met technologie voor waterstofcentrales.
   
   Waterstof speelt een belangrijke rol in de energietransitie en bedrijven die zich ermee bezighouden kunnen dan ook op de nodige belangstelling rekenen. 'We verwachten dat de vraag naar waterstof enorm zal groeien en in 2050 zal verzesvoudigen', aldus Merz.
   
   Lees het volledige artikel: fd.nl/bedrijfsleven/1428733/thyssenkr...
3. voda 1 februari 2022 07:14

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   Metinvest Develops 50 New Types of Products in 2021
   
   Strategic Research Institute
   Published on :
   01 Feb, 2022, 4:43 am
   
   Ukrainian steelmaker Metinvest Group started the production of 54 new types of products in 2021 metallurgical enterprises of, including in Zaporozhstal. Most of the new products were developed last year in the steel plate (15) and hot-rolled coil (13) segment. New products were also developed in the steel semis (11) cold-rolled coil (6), sections (5), and galvanized coil (4) categories. In relation to the amount of new products the leader is Azovstal followed by Ilyich Iron and Steel Works of Mariupol and the third place is taken by Zaporozhstal and the top five is closed by metallurgical plant in Kemenskoye and Unisteel.
   
   Semi-finished products - In particular, Azovstal Iron & Steel Works has mastered the production of slabs from nine new steel grades with additional customer requirements in terms of chemical composition. Semi-finished products were intended for the European market. The high quality of the products is confirmed by the volume of shipments in 2021, more than 200,000 tonnes of slabs of the new grades have been delivered to customers.
   
   Coils - Eight new types of products have been manufactured at the modernized hot rolling mill 1700 at Ilyich Iron and Steel Works of Mariupol. Here they organized the production of hot rolled coil in new thicknesses and also four new steel grades. Among the latest are high strength coils after thermo-mechanical treatment produced from steel S420M of construction application and from steel S500MC for machine building according to European standards. Last year at Zaporizhstal they focused on the extension of grades and sizes of coils according to foreign standards. The Works mastered the production of hot-rolled coils of DD11 grade according to European standard and ?36 grade according to American standard. The first new product is used for profiling and rerolling into cold-rolled coil, second is intended for the production of steel structures and sections.
   
   Galvanized rolled steel - Unisteel has become a leader in galvanized products segment. Last year, the company started to produce coils with additional oiling to increase resistance to weather impact. Besides the plant has also mastered the production of galvanized coils of DX51D grade for profiling in a new standard size 2,5?1000 mm, and also brought product of DX53D grade to the market for deep drawing and shaped products manufacture.
   
   Bars - Dneprovskyi Coke Plant, after purchasing the single property complex of Dniprovsky Metallurgical Plant and consolidating the production volumes of the latter from August 2021, has also brought a number of new products to the market. Among them – High carbon wire rod C80D2 with diameter 9 and 11 mm, intended for wire drawing and cables manufacture. At the same time, the plant launched the production of round bars having diameter 75mm and 90mm for machine parts and building components, as well as channels No 12?, which are in demand in the construction industry.
4. voda 1 februari 2022 07:15

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   US Steel Production Capacity Utilization Dips Further in Week 04
   
   Strategic Research Institute
   Published on :
   01 Feb, 2022, 4:46 am
   
   American Iron & Steel Institute reported that in the week ending on January 29, 2022, US’s domestic raw steel production was 1,796,000 net tons while the capability utilization rate was 81.6%. Production was 1,736,000 net tons in the week ending January 29, 2021 while the capability utilization then was 76.6%. The current week production represents a 3.5% increase from the same period in the previous year. Production for the week ending January 29, 2022 is down 0.4% from the previous week ending January 22, 2022 when production was 1,803,000 net tons and the rate of capability utilization was 81.9%.
   
   In thousands of net tons
   
   North East: 170
   
   Great Lakes: 624
   
   Midwest: 211
   
   Southern: 716
   
   Western: 75
   
   Total: 1796
   
   Adjusted year-to-date production through January 29, 2022 was 7,500,000 net tons, at a capability utilization rate of 82.2%. That is up 4.3% from the 7,192,000 net tons during the same period last year, when the capability utilization rate was 76.6%.
5. voda 1 februari 2022 07:15

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   Nippon & McDonald Steel Starts Trial of Galvalnizing Plant
   
   Strategic Research Institute
   Published on :
   01 Feb, 2022, 4:49 am
   
   The Daily Star reported that Bangladesh Economic Zones Authority in Bangabandhu Sheikh Mujib Shilpa Nagar in Mirsarai in Chattogram baed McDonald Steel Building Products has started the trial operation of its manufacturing plant on January 25. However, the McDonald's new manufacturing unit will take up to one month to begin commercial production of galvanised and prefabricated steel sheets. The official inauguration will be held as soon as possible once incorporated into Prime Minister Ms Sheikh Hasina's schedule.
   
   Nippon & McDonald Steel lndustries, a joint venture of Japan's Nippon Steel Corporation and Bangladesh's McDonald Steel Building Products, have engaged Japanese expert to start testing out their machinery. Initially, the two companies have agreed to invest BDT 500 crore (USD 59.19 million) in phases to establish the plant. The company will import raw materials from China, Japan and European countries while finished products will be mainly used by the local industries.
   
   Project Director Mr Abdullah Al Mahmud Faruk told The Daily Star that another seven industrial units including that of Asian Paints Bangladesh and Nippon & McDonald Steel lndustries will start running one after another by December this year.
6. voda 1 februari 2022 07:16

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   GMS Market Commentary on Ship Breaking in Week 04
   
   Strategic Research Institute
   Published on :
   01 Feb, 2022, 4:52 am
   
   World's leading cash buyer of ships for recycling GMS said that “Following a somewhat slower start to the year, vessel prices seem to be bouncing back in both Pakistan and Bangladesh this week. Steel plate prices have improved overall, especially in India, and the lack of tonnage continues to frustrate Recyclers. As such, any available tonnage is seeing intense competition at and above market pricing from hungry end buyers. Meanwhile, following a sluggish few months of performance, the Bangladeshi market seems to have come roaring back to the forefront this week, with a noticeable increase in levels anywhere between USD 20 30/LDT, as the Chattogram market seems to finally woken up. Pakistan too is not far behind the Bangladeshi market and has also improved last week, so much so that any geographically positioned tonnage is likely to end up in Gadani hands, despite the far superior levels on offer from Bangladesh. India is similarly in a good place at present but is simply unable to compete with the rampant Bangladesh and Pakistani markets. As such, Alang Buyers are only able to secure HKC or specialist / non-ferrous units, so uncompetitive is the Indian ship recycling market on any available market vessels at present.”
   
   GMS said “On the Western end, the Turkish market continues its steady but sluggish performance as the Lira stabilizes at record lows, yet the relatively stable import and local steel prices have kept vessel offerings at impressive highs.”
   
   GMS added “Overall, as the Chinese New Year holidays approach, it is expected to be be a quieter period of time in terms of supply and activity. Notwithstanding, it is hoped that more Owners will take advantage of these stunning rates, as the year of the Tiger commences”
   
   GMS Pricing
   
   India/Bangladesh/Pakistan – Week 04
   
   Dry Bulk – USD 580-610 per LDT
   
   Tankers - USD 590-620 per LDT
   
   Containers - USD 600-630 per LDT
7. voda 1 februari 2022 07:20

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   Factory-Acceptance Tests Completed at Gerdau Cosigua Steel Plant
   
   Strategic Research Institute
   Published on :
   01 Feb, 2022, 4:56 am
   
   AIC, ABB Group and Gerdau celebrated the accomplishment of the Factory Acceptance Tests at the AIC SA site in Sao Paulo in Brazil in 2021 end. Tests were executed both with multidrives ABB ACS880 in November end and then with renewed AC motors in mid-December, counted for the upcoming modernization of the finishing block technology on the Rod Mill 2’s Two Strands at Gerdau Cosigua steel plant operating in Rio de Janeiro in Brazil. The goal of the entire project is focused on replacing out-of-date equipment, upgrading drives and motors thanks to the AIC team's proven revamping expertise. Greater flexibility, power control and synchronized drive-to-drive communication will be some of the benefits guaranteed by the new configuration.
   
   All the necessary tests were run with an approved procedure and monitored by our client's team ensuring the most transparent process. All equipment and accessories involved for FAT were certified and registered, in accordance with the procedure.
   
   In a few weeks, the equipment commissioning will be carried out. Further insight into the delivery and installation will be provided.
   
   AIC is a global system integrator providing advanced and tailored automation and robotic solutions for the steel industry, with the aim to continuously improve efficiency, competitiveness and safety of the production processes. With more than 1500 applications worldwide and more than 45 years of history, AIC boosts of experience in both greenfield and revamping projects in meltshops and long products rolling mills.
   
   Gerdau is Brazil's largest steel producer, one of the leading producers of long steel in the Americas and of special steel in the world. In Brazil, it also produces flat steel and iron ore for its own consumption.
8. voda 1 februari 2022 07:20

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   NLMK Launches Private LTE/5G Wireless Network
   
   Strategic Research Institute
   Published on :
   01 Feb, 2022, 4:59 am
   
   Russian steel maker NLMK Group has begun implementing its own wireless mobile network at the site of the Novolipetsk Iron and Steel Works and the Stoilensky Mining and Processing Plant. The project involves the deployment of more than 90 base stations to maintain a stable signal. About 50 towers will be installed at NLMK and 40 at SGOK. Deployment of the network infrastructure will improve the manageability of processes and increase information security. Due to full coverage and seamless data transmission, communication will work in hard-to-reach and remote areas and will allow uninterrupted use of data received from technological equipment where it was previously inaccessible online. For example, it will be possible to include remote monitoring of moving objects in a single digital circuit.
   
   In future, the Private LTE/5G network will be deployed at all Russian production sites of the Group and will provide secure, stable and high data transfer rates. The transition to the next-generation 5G network standard will accelerate data exchange for the implementation of video analytics, unmanned transport control, the development of the industrial Internet of things and predictive analytics.
   
   The introduction of the Private LTE network is part of a large-scale infrastructure project aimed at developing existing areas of production digitalization: dispatching, environmental control, and labor protection systems.
9. voda 1 februari 2022 07:21

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   Workers Vote for Strike at ArcelorMittal Long Products Canada
   
   Strategic Research Institute
   Published on :
   01 Feb, 2022, 5:02 am
   
   Local media reported that Métallos worker union at ArcelorMittal Produits Longs has voted for strong strike mandates in Longueuil, Contrecoeur-Est & offices in Canada. At the Longueuil plant, support for the strike mandate reached 99.2%& at Contrecoeur 99.8%t. In the offices, support for the strike mandate was unanimous. FTQ affiliate Métallos union said “The message is clear. If we have to, the ArcelorMittal unions are ready to strike.”
   
   According to the Métallos union, the strike mandates have not yet been acted on, but will be when the moment is deemed opportune by the negotiating committee.
   
   Management of ArcelorMittal Long Products said the collective agreement of our employees at the reduction factories, in wire drawing and at the steel mill in Longueuil east expired on Monday and negotiations are going well
   
   With locations in Contrecoeur, Longueuil, Montreal and Abitibi-Témiscamingue* in Quebec and in Hamilton in Ontario, ArcelorMittal Long Products Canada has more than 1,900 employees. The Company hassteelmaking, rolling, wire drawing and scrap recycling and processing facilities. It specializes in the manufacture of semi-finished products such as billets, slabs, bars and rod, dedicated mostly to the construction and automotive markets, but also to other industrial uses.

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10. voda 1 februari 2022 07:23

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    Steel Dynamics Acquires 45% Stake in New Process Steel
    
    Strategic Research Institute
    Published on :
    01 Feb, 2022, 5:05 am
    
    Fort Wayne Indiana US based Steel Dynamics Inc has completed the acquisition of a minority equity interest in New Process Steel LP. New Process Steel is a metals solutions and distribution supply-chain management company headquartered in Houston in Texas, with two manufacturing locations in Mexico and four manufacturing locations in the US. Two of US units are located at Steel Dynamics' Butler and Columbus Flat Roll Steel divisions.
    
    New Process Steel was purchased in 1952 by Mr Gene Fant, father of New Process' current Chief Executive Officer Mr Richard Fant. Mr Richard Fant has significantly grown, modernized, and diversified New Process during his over 25-year tenure as CEO. He will independently operate New Process as the majority 55% equity holder, making all business decisions in the normal course of operations, including steel purchasing and customer supply decisions. New Process employs approximately 950 individuals and is currently Steel Dynamics' single largest flat roll steel customer.
    
    Steel Dynamics is one of the largest domestic steel producers and metals recyclers in the United States, based on estimated annual steelmaking and metals recycling capability, with facilities located throughout the United States, and in Mexico. Steel Dynamics produces steel products, including hot roll, cold roll, and coated sheet steel, structural steel beams and shapes, rail, engineered special-bar-quality steel, cold finished steel, merchant bar products, specialty steel sections and steel joists and deck. In addition, the company produces liquid pig iron and processes and sells ferrous and nonferrous scrap.
11. voda 1 februari 2022 07:24

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    EVRAZ Steel Product Output in 2021 Dips by 3% YoY
    
    Strategic Research Institute
    Published on :
    01 Feb, 2022, 5:08 am
    
    Russian steel maker EVRAZ announced that consolidated crude steel output fell by 0.6% QoQ in Q4 of 2021, mainly because of maintenance outages in November in North America while total sales of steel products increased by 7.0% QoQ. Sales of construction products were buoyed by market demand in the period, while sales of railway products were higher following the completion of capital repairs at EVRAZ ZSMK’s rail and beam shop and EVRAZ NTMK’s wheel shop.
    
    In Q4 2021, pig iron production at the Group's Russian mills remained mostly flat QoQ. In FY2021, pig iron production dropped by 3.0% YoY because of a shortage of sinter and coke, as well as because of the export duty introduction (effective until the end of 2021) which led to lower margins from production at EVRAZ ZSMK. Crude steel production volumes remained mostly flat QoQ and fell by 3.0% YoY amid lower pig iron production at EVRAZ ZSMK. Total output of steel products decreased by 1.0% QoQ, while semi-finished product volumes were lower at EVRAZ ZSMK, construction product volumes was higher at EVRAZ NTMK and EVRAZ Caspian Steel amid increased market demand.
    
    In FY2021, total output of steel products fell by 2.9% YoY, mainly because of unfavourable prices for semi-finished products and reduced railway product volumes at EVRAZ ZSMK amid lower demand from Russian Railways.
    
    In FY2021, external sales of steel products dropped by 4.9% YoY. In FY2021, semi-finished product sales volumes fell by 8.2% YoY because of a reduction in the output of semi-finished products following the introduction of the export duty in 2021. In FY2021, sales volumes of finished products edged down by 1.0% YoY because of reduced demand from Russian Railways for EVRAZ ZSMK's rails.
12. voda 1 februari 2022 07:24

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    thyssenkrupp Completes Sale of Acciai Speciali Terni to Arvedi
    
    Strategic Research Institute
    Published on :
    01 Feb, 2022, 5:11 am
    
    German steel maker thyssenkrupp has completed the sale of Acciai Speciali Terni, including the associated sales organization in Germany, Italy and Turkey, to the Italian company Arvedi. The sale was contractually agreed in September 2021. Both parties have agreed not to disclose the financial details of the transaction. It has been agreed with the buyer Arvedi that thyssenkrupp will retain a 15% stake in AST in order to strengthen the existing operational cooperation with Arvedi through such a minority stake.
    
    The stainless steel producer AST employs around 2,700 people who generated sales of around EUR 2 billion in the 2020/2021 financial year. The merger of AST and Arvedi creates a strong European steel company with a total of 6,200 employees. Arvedi's core business is primary steel production and processing of steel products.
    
    With the sale, thyssenkrupp is already parting with the fourth portfolio company in the Multi Tracks segment. thyssenkrupp has previously completed the sale of the Infrastructure business and Carbon Components and announced the sale of the Mining business. In addition, the heavy plate plant in Duisburg was closed.
13. voda 1 februari 2022 07:26

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    ArcelorMittal EBITDA Sell-Side Analyst Consensus Figures for 2021
    
    Strategic Research Institute
    Published on :
    01 Feb, 2022, 5:13 am
    
    Global steel giant ArcelorMittal has announcedthe publication of its fourth quarter 2021 EBITDA sell-side analysts’ consensus figures. The consensus figures are based on analysts’ estimates recorded on an external web-based tool provided and managed by an independent company, Vuma Financial Services Limited. To arrive at the consensus figures, Vuma Consensus has aggregated the expectations of sell-side analysts who, to the best of our knowledge, cover ArcelorMittal on a continuous basis. This is currently a group of approximately 15-20 brokers.
    
    Q4 of 2021 – USD 4,949 billion
    
    2021 – USD 19.360 billion
    
    The listed analysts follow ArcelorMittal on their own initiative and ArcelorMittal is not responsible for their views. ArcelorMittal is neither involved in the collection of the information nor in the compilation of the estimates.
    
    Barclays – Tom Zhang
    
    CITI – Ephrem Ravi
    
    Deutsche Bank - Bastian Synagowitz
    
    Exane – Tristan Gresser
    
    Goldman Sachs - Jack O’Brien
    
    Groupo Santander - Robert Jackson
    
    GVC Gaesco Beka - Iñigo Recio Pascual
    
    ING - Stijn Demeester
    
    Jefferies - Alan Spence
    
    JPM – Luke Nelson
    
    Kepler - Rochus Brauneiser
    
    Keybanc - Phil Gibbs
    
    Morgan Stanley - Alain Gabriel
    
    Oddo - Alain Williams
    
    Renta4 - Iván San Felix Carbajo
    
    UBS – Myles Allsop, Andrew Jones
    
    ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and primary steelmaking facilities in 17 countries. In 2020, ArcelorMittal had revenues of USD 53.3 billion and crude steel production of 71.5 million tonnes, while iron ore production reached 58.0 million tonnes.

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14. voda 1 februari 2022 07:26

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    Government Approves Tata Steel Long ProductsBid for Neelachal Ispat
    
    Strategic Research Institute
    Published on :
    01 Feb, 2022, 5:16 am
    
    Indian Government’s Cabinet Committee on Economic Affairs has approved the highest bid of Tata Steel Long Products Limited for 93.71% of shares of Neelachal Ispat Nigam Ltd Joint Venture partners of 4 CPSEs and 2 Odisha Govt State PSEs at the Bid Enterprise Value of INR 12,100 crore.
    
    CCEA in-principle approved strategic disinvestment of Neelachal Ispat Nigam Ltd on 8 January 2020 and had authorised Department of Disinvestment & Public Asset Management to undertake the transaction. The Expressions of Interest were invited on 25 anuary 2021. Bids from Jindal Steel & Power Limited and Nalwa Steel and Power Ltd, JSW Steel Limited & Tata Steel Long Products Limited were received by the due date of 23 December 2021. Reserve Price was subsequently recommended by the IMG after detailed examination of the valuation reports prepared by the TA and the AV, and was approved by the CGD at INR 5616.97 crore. Tata Steel Long Products Limited emerged as H-1 bidder. Letter of Intent is being issued to Tata Steel Long Products Limited inviting them to sign the SPA. At this stage, 10% of the bid amount shall be paid by the successful bidder into the Escrow account. On the closure date, shares will be transferred to the strategic buyer
    
    Neelachal Ispat Nigam Ltd has been running in huge losses and plant is closed since March 2020. The company has huge debt and liabilities exceeding INR 6,600 crores as on 31.3.2021, including INR 4,116 crore overdues of promoters, INR Rs 1,741 crore of banks, other creditors and employees. The company has negative networth of INR 3,487 crore and accumulated losses of INR 4,228 crore as of 31.3.2021.
    
    Neelachal Ispat Nigam Limited was incorporated in 1982 to set-up an Integrated Steel Plant to undertake manufacturing and sale of steel products. NINLs manufacturing unit is located at Kalinganagar Industrial Complex, Duburi in Odisha. The Company has built its manufacturing facility in two phases. In Phase I, the Company had set up the blast furnace of 1.1 million tonne per annum to produce pig iron which was commissioned in 2002. Subsequently, other supporting facilities like Sinter plant, Coke oven plant, Power plant were commissioned. The Company thereafter set up a Steel Melting Shop with installed capacity of 897,000 tonnes per annum for producing billets as Phase II capacity expansion plan along with Continuous Casting Shop, Ladle Furnace, Billet Caster and other auxiliary facilities which were commissioned during FY 2014. NINL has also been allotted a captive iron ore mine in Odisha having an estimated mineable reserve of around 90.91 million tonne. The major shareholders of NINL include MMTC 49.78%, NMDC 10.10%, MECON 0.68%, BHEL 0.68%, IPICOL 12.00% and OMC 20.47%.
    
    Tata Steel Long Products, formerly known as Tata Sponge Iron Limited, is in the business of manufacturing high alloy steel, primarily for the auto sector and wire rope industry. With one million tonne capacity, it is one of the largest specialty steel plants in India in long product segment.
15. voda 2 februari 2022 06:59

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    Government Aproves Tata Steel Long ProductsBid for Neelachal Ispat
    
    Strategic Research Institute
    Published on :
    01 Feb, 2022, 5:16 am
    
    Indian Government’s Cabinet Committee on Economic Affairs has approved the highest bid of Tata Steel Long Products Limited for 93.71% of shares of Neelachal Ispat Nigam Ltd Joint Venture partners of 4 CPSEs and 2 Odisha Govt State PSEs at the Bid Enterprise Value of INR 12,100 crore.
    
    CCEA in-principle approved strategic disinvestment of Neelachal Ispat Nigam Ltd on 8 January 2020 and had authorised Department of Disinvestment & Public Asset Management to undertake the transaction. The Expressions of Interest were invited on 25 anuary 2021. Bids from Jindal Steel & Power Limited and Nalwa Steel and Power Ltd, JSW Steel Limited & Tata Steel Long Products Limited were received by the due date of 23 December 2021. Reserve Price was subsequently recommended by the IMG after detailed examination of the valuation reports prepared by the TA and the AV, and was approved by the CGD at INR 5616.97 crore. Tata Steel Long Products Limited emerged as H-1 bidder. Letter of Intent is being issued to Tata Steel Long Products Limited inviting them to sign the SPA. At this stage, 10% of the bid amount shall be paid by the successful bidder into the Escrow account. On the closure date, shares will be transferred to the strategic buyer
    
    Neelachal Ispat Nigam Ltd has been running in huge losses and plant is closed since March 2020. The company has huge debt and liabilities exceeding INR 6,600 crores as on 31.3.2021, including INR 4,116 crore overdues of promoters, INR Rs 1,741 crore of banks, other creditors and employees. The company has negative networth of INR 3,487 crore and accumulated losses of INR 4,228 crore as of 31.3.2021.
    
    Neelachal Ispat Nigam Limited was incorporated in 1982 to set-up an Integrated Steel Plant to undertake manufacturing and sale of steel products. NINLs manufacturing unit is located at Kalinganagar Industrial Complex, Duburi in Odisha. The Company has built its manufacturing facility in two phases. In Phase I, the Company had set up the blast furnace of 1.1 million tonne per annum to produce pig iron which was commissioned in 2002. Subsequently, other supporting facilities like Sinter plant, Coke oven plant, Power plant were commissioned. The Company thereafter set up a Steel Melting Shop with installed capacity of 897,000 tonnes per annum for producing billets as Phase II capacity expansion plan along with Continuous Casting Shop, Ladle Furnace, Billet Caster and other auxiliary facilities which were commissioned during FY 2014. NINL has also been allotted a captive iron ore mine in Odisha having an estimated mineable reserve of around 90.91 million tonne. The major shareholders of NINL include MMTC 49.78%, NMDC 10.10%, MECON 0.68%, BHEL 0.68%, IPICOL 12.00% and OMC 20.47%.
    
    Tata Steel Long Products, formerly known as Tata Sponge Iron Limited, is in the business of manufacturing high alloy steel, primarily for the auto sector and wire rope industry. With one million tonne capacity, it is one of the largest specialty steel plants in India in long product segment.
16. voda 2 februari 2022 06:59

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    • voda

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    Schnitzer Steel Restarts Shredding Operations at Everett Facility
    
    Strategic Research Institute
    Published on :
    02 Feb, 2022, 4:50 am
    
    Schnitzer Steel Industries announced that on 28 January 2022, it restarted shredding operations at its Everett Massachusetts facility as planned during the Company’s second fiscal quarter. The resumption of shredding operations follows replacement and repairs to shredder equipment that had been damaged on December 8, 2021.
    
    Schnitzer Steel Industries, Inc. is one of the largest manufacturers and exporters of recycled metal products in North America with more than 50 recycling facilities located in 25 states, Puerto Rico, and Western Canada. Schnitzer has seven deep water export facilities located on both the East and West Coasts and in Hawaii and Puerto Rico. The Company’s integrated operating platform also includes 50 stores which sell serviceable used auto parts from salvaged vehicles and receive over 4.3 million annual retail visits. The Company’s steel manufacturing operations, Cascade Steel Rolling Mills, produce finished steel products, including rebar, wire rod and other specialty products. The Company began operations in 1906 in Portland, Oregon.
17. voda 2 februari 2022 07:00

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    • voda

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    Metinvest Reports 15% YoY urge in Steel Production in 2021
    
    Strategic Research Institute
    Published on :
    02 Feb, 2022, 4:52 am
    
    Ukrainian mining and metallurgical group Metinvest announced that Its steel production in 2021 was 9 533 million tonne, up 15% YoY; Iron ore concentrate 31.341 million tonne, up 3% YoY & Coal concentrate 5.542 million tonne, up 92% YoY
    
    In 2021, Metinvest's hot metal output totalled 9.709 million tonne, up 15% YoY. The main contributors were the acquisition of DMK's integral property complex of 0.849 million tonne and greater hot metal output at Ilyich Steel of 0.387 million tonne, which was primarily due to blast furnace productivity improvements and major overhauls conducted in 2020. Hot metal production at Azovstal remained almost unchanged YoY.
    
    In 2021, the Group's crude steel output stood at 9.533 million tonne, up 15% YoY, driven by the acquisition of production facilities in Kamianske 0.933 million tonne and increased `production at the Mariupol plants. At Ilyich Steel, output rose by 0.189 million tonne on the back of greater hot metal production, while at Azovstal, it climbed by 0.143 million tonne, mainly due to lower production of merchant pig iron.
    
    In 2021, the Group’s output of merchant semi-finished products rose by 3% YoY to 3.411 million tonne, as the DMK production facilities produced a total of 0.413 million tonne of merchant billets following their consolidation into the Group. In addition, pig iron output grew by 0.259 million tonne, mainly due to greater hot metal production at Ilyich Steel. At the same time, merchant slab output decreased by 0.574 million tonne as more slabs were allocated for flat product rolling.
    
    In 2021, the Group’s output of finished products climbed by 23% YoY to 7.233 million tonne. Flat product output rose by 1.143 million tonne to 5.978 million tonne, mainly due to increased production of hot-rolled coils amid greater productivity of the hot strip mill 1700 at Ilyich Steel, as well as a rise in orders for plates at Azovstal and cold-rolled and galvanized products at Ilyich Steel. Long product output rose by 0.295 million tonne to 1.089 million tonne amid an increase in orders at Promet Steel and acquisition of DMK's re-rolling facilities. Rail product output dropped by 31 KT to 48 KT in response to lower demand from Ukrainian Railways & tubular product output fell by 33 KT to 118 KT amid fewer orders.
18. voda 2 februari 2022 07:06

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    • voda

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    Gerdau to Cut Greenhouse Gas Emissions by 2031
    
    Strategic Research Institute
    Published on :
    02 Feb, 2022, 4:55 am
    
    Brazilian steel producer Gerdau announced that it has undertaken to reduce its greenhouse gas emissions from its Scope 1 and 2 inventories to a value lower than 50% of the global average for the steel industry. Currently, the company has one of the lowest average emissions of greenhouse gases of 0.93 tonne of CO2e per ton of steel, which represents approximately half of the global average of the sector, of 1.89 tonne of CO2e per ton of steel, according to 2020 data released by the World Steel Association. In 2031, Gerdau's carbon emissions will decrease to 0.83 tonne of CO2e per tonne of steel. In order to reduce greenhouse gas emissions over the next ten years, Gerdau will expand the use of ferrous scrap as a raw material for steel production, increase its forest area, responsible for the production of charcoal, which works as a bio-reducer in the manufacture of pig iron, and increase the use of renewable energy, such as the solar parks already announced in Brazil and the United States. The company will also invest in initiatives of greater energy and operational efficiency at its units, in new technologies and open innovation.
    
    Gerdau's production mix, whose steel production is approximately 80% based on the use of recycled and renewable sources, allows the company to have a prominent position in the steel industry. Today, 73% of the steel produced by the company comes from the recycling of ferrous scrap, making it the largest recycler in Latin America, with 11 million tons of scrap transformed into steel annually. Steel is an infinitely recyclable material, and for every ton of scrap recycled, the emission of 1.5 tons of CO2e is avoided. In addition, Gerdau is the world's largest producer of charcoal for steel production. It has 250 thousand hectares of forest base in Minas Gerais. Planted forests are raw materials from a renewable source for charcoal, which works as a bio-reducer in the manufacture of pig iron, which produces steel with a lower intensity of greenhouse gases.
    
    Gerdau is also announcing its ambition to achieve carbon neutrality by 2050. The company emphasizes that carbon neutrality requires mature technologies, which do not yet exist on an industrial scale, and public policies that enable the global steel industry to neutralize its carbon emissions. In this sense, the company actively participates in collaboration with sectoral entities, universities and research centers in the search for disruptive technologies for the production of steel and encourages dialogue and joint work with various actors in society for the implementation of initiatives, such as access to differentiated local, national or transactional credit lines, from public or private sources. These credit lines will be essential due to the high investment values necessary for developing disruptive technologies so that steel can be produced with low emissions of greenhouse gases.
19. voda 2 februari 2022 07:17

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    • voda

      Lid sinds: 02 dec 2005

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    Severstal Invests in Hydrogen Technology Firm Ekona Power
    
    Strategic Research Institute
    Published on :
    02 Feb, 2022, 4:58 am
    
    Russian steel maker Severstal has announced an investment in Canadian developer of low-carbon hydrogen technology firm Ekona Power Inc. Ekona Power Inc is a developer of hydrogen production technology based on thermal pyrolysis of methane. Natural gas is converted into hydrogen and solid carbon, which significantly reduces CO2 emissions into the atmosphere. The fully commercialized Ekona Power plants will be capable of producing up to 100,000 tons of hydrogen per year for less than $1.50 per kilogram.
    
    In the iron and steel industry, the potential for reducing CO2 emissions through the use of hydrogen is one of the highest among all sectors with a high intensity of CO2 emissions. At the same time, hydrogen should have a low carbon footprint and be cheap to produce so that its use does not impose an additional significant burden on the cost of steel. Hydrogen, which will be produced using Ekona Power Inc. technology, meets these requirements.
    
    In addition to Severstal, the technology company Baker Hughes, the trading and investment company Mitsui, the oil company ConocoPhillips etc are other investors.
20. voda 2 februari 2022 07:17

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    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 24 apr 2024

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    SIMEST Acquire Stake in AFV Beltrame's Stahl Gerlafingen
    
    Strategic Research Institute
    Published on :
    02 Feb, 2022, 5:03 am
    
    Italian SIMEST Spa has become a shareholder in Italian merchant bar producer AFV Beltrame Group’s Swiss subsidiary Stahl Gerlafingen AG. With an investment of EUR 15 million, SIMEST, a company of CDP Group that supports the growth of Italian companies in the world, contributes to the international growth and the implementation of an important ecological transition plan for AFV Beltrame Group
    
    The resources thus provided will make a solid contribution to the realization of the company's ambitious development plan, which provides for total investments of over EUR 58 million and a particular focus on reducing its environmental impact. AFV Beltrame Group has prepared a plan aimed at promoting the increase in the efficiency of the production process through the reduction of energy consumption and increasing the efficiency of plants. The investments will lead to a reduction of about 20 percent in C02 emissions, to which is added a further 10 percent for the hot introduction of raw material and lower energy consumption.
    
    Stahl Gerlafingen is the leading Swiss supplier of reinforcing steel products. Stahl Gerlafingen recycles scrap steel from home and abroad in the most modern and technologically advanced plant and produces approx. 668'000 tonnes of structural and reinforcing steel annually. Protection of the environment has always been a primary consideration in all the Group’s operations which extend to the manufacture of reinforcing steel, steel mats and accessories, flat steel bars, universal plate and rolled wire.