ArcelorMittal LU1598757687

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1. voda 14 februari 2022 07:01

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   US to Continue Probe in Steel Nails Imports from 5 Countries
   
   Strategic Research Institute
   Published on :
   14 Feb, 2022, 4:34 am
   
   The United States International Trade Commission has determined that there is a reasonable indication that a US industry is materially injured or threatened with material injury by reason of imports of steel nails from India, Oman, Sri Lanka, Thailand and Turkey that are allegedly subsidized and sold in the United States at less than fair value. As a result of the Commission’s affirmative determinations, the U.S. Department of Commerce will continue its investigations of imports of steel nails from India, Oman, Sri Lanka, Thailand and Turkey, with its preliminary countervailing duty determinations due on or about March 25, 2022 and its preliminary antidumping duty determinations due on or about June 8, 2022.
   
   Product Description: The merchandise covered by these investigations is certain steel nails having a nominal shaft or shank length not exceeding 12 inches. Certain steel nails include, but are not limited to, nails made from round wire and nails that are cut from flat-rolled steel or long-rolled flat steel bars. Certain steel nails may be of one piece construction or constructed of two or more pieces. Examples of nails constructed of two or more pieces include, but are not limited to, anchors comprised of an anchor body made of zinc or nylon and a steel pin or a steel nail; crimp drive anchors; split-drive anchors, and strike pin anchors. Also included in the scope are anchors of one piece construction.
   
   Status of Proceedings
   
   ---------------------------
   
   Type of investigation: Preliminary countervailing duty and antidumping duty investigations.
   
   Petitioners: Mid Continent Nail Corporation, Poplar Bluff, Missouri
   
   USITC Institution Date: December 30, 2021
   
   USITC Conference Date: January 20, 2022
   
   USITC Vote Date: February 11, 2022
   
   USITC Notification to Commerce Date: February 14, 2022.
   
   US Industry in 2020
   
   ------------------------
   
   Number of US producers: 9
   
   Location of producers’ plants: Arkansas, California, Illinois, Missouri, Ohio, South Carolina, and Tennessee.
2. voda 14 februari 2022 07:02

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   Voestalpine Reports Record Performance in April-December 2021
   
   Strategic Research Institute
   Published on :
   14 Feb, 2022, 4:35 am
   
   Austrian steel maker voestalpine has achieved an impressive upturn in the first three quarters of the business year 2021/22 in 1 April to 31 December, even substantially surpassing its performance prior to the outbreak of the COVID-19 pandemic. Demand for the high-quality products of the steel and technology group developed along extremely robust trajectories in all market and product segments. However, both the volatility of raw material costs and the abrupt surge in energy costs toward the end of the third business quarter were challenging. A few segments, particularly the automotive business segment, were affected by the automotive industry’s supply chain problems. Yet the demand for cars is undiminished. The Railway Systems business segment posted stable performance yet again. The aerospace industry, which is profiting from rising demand for short-haul aircraft, also continued to develop along a positive trajectory. Increasing investments in the oil & natural gas industry enabled the energy segment to continue following a positive trend as well. The storage technology and high-bay warehouse business segment profited yet again from surging e-commerce, successfully completing numerous projects in Europe and the United States.
   
   9 Months (Aril-December 2021)
   
   --------------------------------------
   
   Revenue - EUR 10.9 billion, up 36.7% YoY
   
   EBITDA - EUR 1.5 billion, more than double YoY
   
   EBIT – EUR 947 million, from EUR minus134 million in previous year
   
   Profit Before Tax - EUR 893 million
   
   Outlook - If one were to analyze solely the company’s excellent earnings performance in the first nine months of its current business year, one might conclude that the company’s financial position reflects an economic boom. In actual fact, however, the current business year to date has been buffeted by extraordinarily volatile developments affecting the markets as well as raw materials and energy. Nor did this situation change at the start of the business year’s final quarter. In Europe and North America, the Omicron variant of the COVID-19 virus is causing record levels of new infections, the bottlenecks in the global supply chains continue unabated, and the cost of energy in Europe went through the roof in recent weeks. Yet the positive trends in the company’s key markets should prevail regardless, for the following reasons. The supply chain problems particularly in the automotive industry seem to have bottomed out in the Northern fall of calendar year 2021. The rebound in the energy sector should continue. And the aerospace industry, which was hit very hard by the pandemic, recently showed clear signs of recovering. It seems, therefore, that the economy remains resilient in the face of the COVID-19 pandemic—a fact reflected as well in the outlook for the current business year’s final quarter. Assuming that there will be no unexpected economic distortions, the last quarter should see another substantial increase in the company’s key performance indicators over and above the already very good preceding quarters.
   
   The Management Board of voestalpine AG expects EBITDA for the business year 2021/22 to reach the upper end of the previously communicated range and thus a number up to EUR 2,200 million.
3. voda 14 februari 2022 07:11

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   Danieli to Build New Slab Storage Yard at thyssenkrupp in Duisburg
   
   Strategic Research Institute
   Published on :
   14 Feb, 2022, 4:36 am
   
   As part of its 20-30 strategy, thyssenkrupp Steel Europe AG has ordered a fully automated slab storage facility from the Italian plant manufacturer Danieli & C Officine Meccaniche SpA for a sum in the mid double-digit million ranges. The special feature of this project is the guarantee of intelligent logistics control with real-time synchronization of approx. 1.7 million tonnes of slabs per year, some of which are used hot directly from the new continuous caster in the new hot strip mill 4 or also fed in from the new walking beam furnaces . In addition, a warehouse management system will be installed, which calculates the distribution of the slabs from various sources in real time and optimizes all crane movements. Another advantage in addition to the optimal use of the 19,200 square meter large slab store lies in the higher operational safety, since no personnel is required on the ground. For this purpose, Danieli is supplying four fully automatic slab cranes and is taking on the design and installation of the entire steel structure.
   
   Completion is planned in two phases: In the first phase, four cranes and crane runways will be put into operation by the end of 2022/beginning of 2023. In the second phase, the entire warehouse, including two holding furnaces, will be commissioned by mid-2023.
   
   The Duisburg branch of the Italian plant manufacturer Danieli received the order for the construction of the walking beam furnaces of the new hot strip mill 4 in February of this year. These units are at the core of the 20-30 investment strategy at thyssenkrupp Steel. By splitting the casting-rolling plant in the Bruckhausen plant into a new continuous casting plant and a hot strip mill that has essentially new components, the Duisburg-based steel manufacturer can once again increase its capabilities with high-strength steels and premium surfaces. DANIELI Olivotto Ferré is also supplying two holding furnaces, each with a capacity of 2,000 tons, to use the heat energy from the slabs coming from the continuous caster. The slabs can be temporarily stored here before they are fed into the two walking beam furnaces of hot strip mill 4 mentioned above.
4. voda 14 februari 2022 07:11

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   Linde India Signs 15 Year Gas Supply Agreement with ESL Steel
   
   Strategic Research Institute
   Published on :
   14 Feb, 2022, 4:37 am
   
   Linde India has signed a 15-year long-term agreement structured on Lease and O&M basis with Vedanta Group’s ESL Steel for supply of 800 tonnes per day of Oxygen and 900 tonnes per day of Nitrogen to them at their steelworks at Bokaro. For this purpose, Linde India will be setting up an onsite Air Separation Unit at ESL's Bokaro steelworks, which will serve ESL's demand for gases for its brownfield expansion and will also cater to Linde India's requirement of gases for merchant markets.
   
   The capital expenditure for setting up of this ASU will be financed by the Company's own sources & internal accruals.
5. voda 14 februari 2022 07:12

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   Cleveland-Cliffs Reports USD 5.3 Billion Profit for 2021
   
   Strategic Research Institute
   Published on :
   14 Feb, 2022, 4:38 am
   
   US steel giant Cleveland-Cliffs Inc has reported consolidated revenues of USD 20.4 billion in 2021, as compared to the prior year's consolidated revenues of USD 5.3 billion & net income of USD 3.0 billion compared to a 2020 net loss of USD 81 million. For the full year 2021, adjusted EBITDA was USD 5.3 billion, compared to USD 353 million in 2020. Cliffs' Chairman, President & CEO Mr Lourenco Goncalves said: "During the last two years, we completed the construction and started operating our flagship state-of-the-art Direct Reduction plant, and also acquired and paid for the acquisition of two big steel companies and a major scrap company. The results we achieved in 2021 are a clear demonstration of how powerful Cleveland-Cliffs has become.”
   
   Full-year 2021 steel product volume of 15.9 million net tons consisted of 32% coated, 31% hot-rolled, 18% cold-rolled, 6% plate, 4% stainless and electrical, and 9% other, including slabs and rail. Fourth-quarter 2021 steel product volume of 3.4 million net tons consisted of 34% coated, 29% hot-rolled, 17% cold-rolled, 7% plate, 5% stainless and electrical, and 8% other, including slabs and rail.
   
   Mr Goncalves added “Cleveland-Cliffs is, by a very large margin, the largest steel supplier of the automotive sector in the United States. Through our massive utilization of both HBI in our blast furnaces and prime scrap in our BOF’s, we are now able to stretch hot metal, reduce coke rate, and reduce CO2 emissions to a new international benchmark level for steel companies with product mix similar to ours. That’s particularly relevant when our clients in the automotive sector compare our emissions performance against their other major steel suppliers in countries like Japan, South Korea, France, Austria, Germany, Belgium and a few others. Said another way, through operational changes we have already implemented and that do not depend on breakthrough technologies or massive investment, Cleveland-Cliffs is setting a new world benchmark in CO2 emissions for steel suppliers of higher quality steels to the automotive sector."
   
   Mr Goncalves concluded "With demand on the rebound, particularly in automotive, 2022 is set to be another phenomenal year for profitability at Cleveland-Cliffs. Based on our recently renewed contracts, we are now selling the vast majority of our fixed-price contractual volumes at substantially higher selling prices. Even at the steel futures curve as of today, we would expect to see higher average selling prices for our steel in 2022 than in 2021. As we look forward to delivering another stellar year in 2022 and with our limited needs for capex, we are now comfortable to implement shareholder-focused actions ahead of our original expectations."
6. voda 14 februari 2022 07:16

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   OMK’s Ecolant Breaks Ground on DRI-& EAF Steel Plant in Vyksa
   
   Strategic Research Institute
   Published on :
   14 Feb, 2022, 4:39 am
   
   S&P Global Platts reported that Russia's second-largest pipe producer & biggest maker of train wheels United Metallurgical Company OMK owner Mr Anatoly Sedykh informed that OMK’s Ecolant has broken ground on RUB 150 billion (USD 2 billion) direct reduced iron-fed 1.8 million tonnes per year EAF mill in Vyksa in Nizhniy Novgorod oblast in central Russia. The design, manufacture and installation of the main process equipment are being carried out by Italian and Austrian engineering companies Danieli and Primetals. The semis ratios in the mix will depend on the requirements of their chief offtaker OMK-owned Vyksa Metallurgical Plant in Vyksa, which OMK relies on slab supplies from NLMK's Novolipetsk Iron and Steel Works for plates, while its railway wheel production processes blooms provided by Ural Steel, part of Metalloinvest . Equipment units will start arriving this year with the last pieces to be received in 2023 for the plant to be up and running in 2025.
   
   The meltshop will be equipped with two continuous casting machines,- one for slab and the other for round billet and bloom. All in all, Ecolant will build 100 facilities relating to eight technological lines: DRI production, steelmaking, air separation, water treatment, lime-burning, processing of by-products, railway and automobile logistics, and energy supply. The core lines will be based on Energiron, the innovative HYL DR technology jointly developed by Argentinian engineering company Techint and Danieli of Italy. It boasts one of the lowest CO2 footprints and provides for 24 MW generations. Compared to a traditional integrated steel BF+BOF) the carbon dioxide emissions are reduced by 64%, while other pollutants such as dioxin & PAH etc are almost negligible.
   
   Ecolant had announced the signing of SPIC 2.0 for the construction of Russia's first green metallurgy plant in June 2021. Part of the funds for the project will be provided by VEB.RF, Sberbank and Otkritie Bank within the framework of VEB.RF's Project Financing Factory.
   
   Mr Sedykh graduated from the Moscow State Institute of Steel & Alloys and started with a joint venture in scrap-metal recycling in 1989, using a USD 1.5 million loan from Sberbank. By 1999 he and his partners gained control over Vyksunsky Metallurgical Plant, a producer of pipes in the Urals region, which became the basis of OMK.
7. voda 14 februari 2022 07:16

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   Toxic Gas Leak at Hyundai Metal Sonepat Injures 35 Workers
   
   Strategic Research Institute
   Published on :
   14 Feb, 2022, 4:44 am
   
   Local media reported that about 35 women employees were taken ill after inhaling fumes arising out of melting of copper scrap at Hyundai Metal Pvt Ltd factory located on Badshahi Road near Panchi Gujran village of Sonipat on 12 February 2022. Women employees fainted due to inhalation of the toxic fumes when they were doing sorting work near the scrap melting furnace.
   
   All unconscious women were immediately rushed to private & government hospitals in Gannaur from where two women have been referred to Bhagat Phool Singh Medical College at Khanpur Kalan.
   
   As per the details available, the factory is owned by a Delhi resident and 125-130 women are working there. The factory owner imports scrap of copper, steel, brass and other metals from abroad. For melting the scrap, the company has established furnaces.
   
   No case has been registered as no complaint from any woman employee has been received.
   
   A team of officials of Haryana State Pollution Control Board will visit the metal industry. Sources said that the factory owners had taken permission to establish a furnace but not to operate it from the pollution board.
8. voda 14 februari 2022 07:16

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   MMK Disagrees with FAS Decision on HR Antimonopoly Violation
   
   Strategic Research Institute
   Published on :
   14 Feb, 2022, 4:48 am
   
   Russian steel maker MMK said that it disagrees with the final conclusions of the Federal Antimonopoly Service of Russia commission and its decision, according to which the Company's actions were found to be violating Russian antimonopoly legislation. In MMK’s opinion, the FAS, despite the objections submitted by the Company to the conclusion on the circumstances of the case and the previously submitted written explanations and economic evidence, came to wrongful conclusion that MMK's actions violated the antimonopoly legislation. These conclusions of the FAS Russia, in MMK’s opinion, contradict the existing evidence and fail to take into account the market reality for hot-rolled flat products.
   
   MMK noted that throughout the entire investigation of the case the Company has been providing the FAS commission with convincing and exhaustive evidence that MMK does not have a dominant position in the Russian flat steel market. MMK has repeatedly and reasonably declared that its pricing complies with the requirements of the antimonopoly legislation, duly answering all the questions posed by the commission. Representatives of MMK emphasized that the market for hot-rolled flat products is volatile and cyclical, which was confirmed by the price dynamics of 2021. Rolled metal prices are formed depending on market conditions, within dynamic competition between market participants. Also, prices in this sector are closely connected with the situation on global markets.
   
   The FAS initiated an investigation over Russia’s biggest fiat steel producers in April 2021, taking into account complaints about an unfair increase in prices for HR steel. The Federal Antimonopoly Service of Russia has finished the investigation over the big three companies regarding the high prices for HR steel products, intending to fine them for law violations. After a thorough investigation FAS decided that Severstal, NLMK, and MMK kept monopoly high prices for HR fiat products in the domestic market since January 2021, accusing the producers of using non-market” factors, which led to such levels. The authorities give several points to prove their conclusion. On the one hand, HR flats costs were lagging behind the increase in the domestic prices; on the other hand, FAS has found that companies generated 3-fold higher profits even though there was no growth in sales volume and significant upturn in demand. On top of that, the "big three” have failed to confirm the unsatisfied demand from foreign customers, thus there were no factors in bringing domestic prices to the level of those for export contracts. Consequently, the companies, which have a dominant position in the domestic market, have violated anti-monopoly law since they increased prices only to meet the rise in prices abroad. FAS said “Severstal, MMK arid NLMK have been ordered to stop abusing their dominant position and take actions aimed at ensuring competition. Based on the materials of antimonopoly cases, cases of administrative violations will be initiated and fines will be calculated for each company."
   
   Earlier, the authority found signs of price fixing in the long steel segment, and accused seven metal traders, including Steel Industrial Company and A Group, of law violations.
9. voda 14 februari 2022 07:17

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   ArcelorMittal Brazil Investing in Barra Mansa Plant
   
   Strategic Research Institute
   Published on :
   14 Feb, 2022, 4:52 am
   
   Just three months after the announcement of investments in the order of BRL 4.3 billion in Brazil, ArcelorMittal has announced a new billion-dollar investment, this time at the Barra Mansa unit in the state of Rio de Janeiro. The company announced investments of BRL 1.3 billion, concentrated in the next three years, which will be directed to expansion in the production of the steel plant and rolling mill. The investment will allow the modernization of the industrial plant and the expansion of the portfolio of products and solutions aimed at the automotive & energy sector and civil construction markets. Production will be primarily aimed at the domestic market.
   
   The project consists of expanding the current rolling mill, installing a new rolling mill and improving the steel shop to expand the portfolio of high quality products. Thus, with the new line, the rolling capacity will grow by approximately 500 thousand tonnes per year. The steel shop will have doubled its capacity. At the peak of the work, around 1,200 workers will be hired. For this new phase of investments, the expectation is that around 200 new direct jobs and 150 indirect jobs will be generated.
   
   Another ongoing project is the resumption of expansion works at ArcelorMittal Vega, in São Francisco do Sul. A third galvanizing line and a new continuous annealing line are planned, the Cold Mill Complex, which will allow the combined processing of cold-rolled and coated steels. The investment in the expansion is approximately BRL 1.95 billion.
   
   Added together, investments in the long steel, flat steel and mining segments in progress in Brazil reach BRL 7.6 billion concentrated in the next three years. The investments were decided by a strategic business analysis. According to statistics from Instituto Aço Brasil, crude steel production in Brazil reached 36 million tons, growing 14.7% in 2021 compared to the previous year. Apparent consumption of steel products reached 26.4 million tonnes, up 23.2% last year compared to 2020 . Thus, even if the extraordinary results of 2021 are not maintained, the company believes in the significant growth in demand for steel, especially in key sectors of the Brazilian economy, such as civil construction, automotive, machinery and equipment, and for iron ore.

   Bijlage:
10. voda 14 februari 2022 07:19

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    India Drops AD Duty on Alu Zinc Steel from Koran, Vietnam & China
    
    Strategic Research Institute
    Published on :
    14 Feb, 2022, 4:55 am
    
    India has decided to rescind the anti-dumping duty on flat rolled products of steel plated or coated with alloy of aluminum or zinc originating in or exported from Vietnam, South Korea and China. The Notification No 7/2022-Customs (ADD) was issued by the Indian Ministry of Finance on 1 February 2022. The ministry last June imposed the anti-dumping duty on imports of certain types of steel products from these countries. The anti-dumping duty was effective for a period of five years (unless revoked, amended or superseded earlier) from the date of imposition of the provisional antidumping duty, that is, the 15th October, 2019
    
    South Korea
    
    ---------------
    
    Dongkuk Steel Mill Co. Ltd - 14.30
    
    POSCO -56.96
    
    POSCO Coated & Color Steel Co Ltd - 56.96
    
    Dongbu Steel Co Ltd - 13.07
    
    Others - 84.47
    
    Vietnam
    
    ----------
    
    Ton Dong A Corporation - 23.63
    
    Hoa Sen Group - 46.87
    
    Tay Nam Steel Manufacturing & Trading Co Ltd - 48.96
    
    Nam Kim Steel Joint Company - 81.30
    
    Others - 173.10
    
    China
    
    -------
    
    Zhejiang New Materials Co Ltd - 56.48
    
    Others - 128.93
    
    Hot rolled product of steel plated or coated with alloy of Aluminum and Zinc (this alloy of Aluminum and Zinc may contain one or more additional elements which in individual or in combination shall not exceed 3% by weight.)
    
    7210, 7212, 7225, 7226
11. voda 14 februari 2022 07:19

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    Protestors Mark 365 Days of Stir against RINL VSP Privatization
    
    Strategic Research Institute
    Published on :
    14 Feb, 2022, 5:02 am
    
    India’s Union Cabinet had approved privatization Rashtriya Ispat Nigam Ltd, in which it holds 100% stake, in February 2020. However, employees of the Visakhapatnam Steel Plant have been protesting since then, challenging the central government's decision. However, their protests have already been supported by all trade unions. In addition, political parties have also come out in support of the Visakhapatnam steel plant workers.Several trade unions, people's organizations and members of the public started opposing the proposal immediately. Local media reported that Visakha Ukku Parirakshana Porata Committee, which has been spearheading the agitation against privatization of Rashtriya Ispat Nigam Ltd Visakhapatnam Steel Plant has decided to step up the protests. Marking the 365-day-long Ukku stir, Visakha Ukku Parirakshana Porata Committee held a ten-hour-long relay hunger strike on Saturday with 365 protesters holding flags. Protesters demanded that the central government should roll back its decision of privatization of VSP and consider measures to provide jobs in the plant. Visakhapatnam Steel Plant Conservation Committee has also launched the Jail Bharo program at four places in city. The police arrested the workers and shifted them to Gajuwaka station.
    
    History of RINL - The decision to establish a Steel Plant at Visakhapatnam was announced in the Parliament in 1970 by the then Prime Minister Late Ms Indira Gandhi. The foundation stone for this massive project was laid in 1971. The Detailed Project Report was prepared in 1977. However, it was only in 1979 with the Government of erstwhile Soviet Union offering techno-economic cooperation, the cabinet approved the proposal for setting up of an integrated Steel Plant at Visakhapatnam. Following this, the comprehensive Revised Detailed Project Report was prepared adopting latest technologies available. However, the journey of Vizag Steel has not been very smooth. 22 long years between conception and commissioning resulted in an increase of project cost to over INR 8,500 crores. Visakhapatnam Steel Plant was initially set up with a rated capacity of 3.4 million tonnes of Hot Metal, 3.0 million tonnes of Liquid Steel and 2.7 million tonnes of Saleable Steel. RINL has completed the first phase of expansion to increase Hot Metal capacity to 6.5 million tonnes, Liquid Steel to 6.3 million tonnes & Saleable Steel to 5.7 million tonnes. RINL has started second phase of expansion to increase Liquid Steel capacity to 7.3 million tonnes by modernization & up gradation of existing iron & steel making units
    
    RINL Subsidiaries
    
    ---------------------
    
    The Orissa Minerals Development Company Ltd
    
    The Bisra Stone Lime Company Ltd
    
    RINL JVs
    
    ---------
    
    RINMOIL Ferro Alloys Pvt Ltd
    
    RINL Powergrid TLT Pvt Ltd
    
    RINL had recorded INR 16,618 crore revenues in 2017-18, INR 20,844 crore in 2018-19 and INR 15,920 crore in 2019-20. RINL suffered a loss of INR 1,369 crore in 2017-18 but was able to recover briefly with a net profit of INR 97 crore in 2018-19. However, again in 2019-20, it suffered INR 3,910-crore loss in 2019-20. But, RINL achieved liquid steel production of 5.85 million tonnes in 2021 & sales of 3.73 million tonnes against the production of 3.88 million tonnes with a sales turnover of INR 19,370 crores showing a YoY growth of 69%.
12. voda 14 februari 2022 07:19

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    JSW Steel & JSPL Report YoY Improvement in January Performance
    
    Strategic Research Institute
    Published on :
    14 Feb, 2022, 5:04 am
    
    Indian steel giant JSW Steel reported that the crude steel production for the month of January 2022 was at 1.646 million tonnes, up 15% YoY on standalone basis. While flat products production grew by 23% YoY to 1.247 million tonnes, long product production increased by 4% YoY to 0.374 million tonne. The expansion project at Dolvi works, which commenced commercial operations in November '21 is gradually ramping up capacity utilization.
    
    Similarly, Jindal Steel and Power Limited announced that steel sales increased by 20% YoY to 695,000 tonnes in January 2022 with exports accounting for 31% of the sales volume in January compared with 28% in December, helped by an increase in rake availability.
13. voda 14 februari 2022 07:27

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    AM/NS India Opens Hypermart Expanding Presence in J&K
    
    Strategic Research Institute
    Published on :
    14 Feb, 2022, 5:07 am
    
    ArcelorMittal Nippon Steel India has expanded its business to Jammu and Kashmir with the opening of its first Hypermart outlet. Located at Purmandal Morh in Jammu, the outlet will provide direct and immediate access of quality steel products to businesses operating in various segments such as infrastructure, housing, and Micro Small and Medium Enterprises. Businesses across J&K will benefit from customization of orders and a wide range of value-added steel products available through Hypermart. ArcelorMittal Nippon Steel India Director & Vice President Sales & Marketing said "We are pleased to have brought Hypermart to Jammu and Kashmir. We're proud to bring our premium range of steel products to support infrastructure development and industrial activity in this important region of northern India. Businesses will now have direct access to a range of bespoke steel products, underpinned by the quality, value and technology. ”
    
    Hypermart is AM/NS India's integrated platform for retail, trade and last-mile sales of steel grades for diverse segments involved in a range of manufacturing activities, including the production of fabricators, engineering goods and auto components.
    
    AM/NS India's Hypermart network strategically spans several regions across the country, including Hazira, Taloja, Mangalore, Ghaziabad, Hyderabad, Coimbatore, Bengaluru, Ahmedabad, Ludhiana and Jodhpur. The Hypermart division currently accounts for 20% of AM/NS India's overall revenues and this share is expected to rise to 30% as the expansion plans for the network of outlets are underway.
14. voda 14 februari 2022 07:28

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    BHP Welcomes LNG-Fueled Iron Ore Carrier Mt Tourmaline
    
    Strategic Research Institute
    Published on :
    14 Feb, 2022, 7:12 am
    
    BHP has welcomed MV Mt Tourmaline, world’s first LNG-fuelled Newcastlemax bulk carrier, that will transport iron ore between Western Australia and Asia from 2022. BHP has chartered five LNG-fuelled Newcastlemax bulk carriers from Eastern Pacific Shipping for five years and awarded the LNG fuel contract to Shell. On her maiden voyage, the vessel arrived at Jurong Port in Singapore for her first LNG bunkering operation which will take place through the first LNG bunker vessel in Singapore, the FueLNG Bellina. FueLNG, a joint venture between Shell Eastern Petroleum and Keppel Offshore & Marine, operates the bunker vessel.
    
    After LNG bunkering, the 209,000-deadweight tonne vessel will leave for Port Hedland in Western Australia for Iron Ore loading operations.
15. voda 14 februari 2022 07:31

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    Schlam Offers Iron Ore Miners Higher Payload with Hercules EXO
    
    Strategic Research Institute
    Published on :
    14 Feb, 2022, 5:30 am
    
    Western Australia-based mining product and services supplier Schlam has launched the Hercules EXO, a next-generation mining dump body that, it says, offers iron ore miners both a higher payload potential and longer service life. The Hercules EXO is a 240 tonne-class iron ore specific dump body that is 20% lighter than the company’s existing Hercules dump body. The decreased weight gives miners a greater payload potential, while a complete redesign and new material selection have resulted in a 100% increase in service life, according to the company.
    
    Schlam’s engineering department completely redesigned the previous Hercules to reduce weight in all non-wearing components. The extra service life has three added benefits: cost, safety and the environment, Schlam says.
    
    Compared with heavy-duty products on the market that use liner packages, the payload potential of the Hercules EXO is far more significant, according to the company. It also does not require the labour-intensive wear plate replacement events needed to achieve target body life.
16. voda 14 februari 2022 10:00

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    Jefferies geeft Aperam hoger koersdoel
    
    Na de recordresultaten voor het vierde kwartaal, die gekenmerkt werden door een ‘uitzonderlijke winstgevendheid’, trekken de analisten van Jefferies hun koersdoel voor Aperam APAM -1,83% op van 53 tot 58 euro. Een gevolg van een verhoging van hun ramingen voor de aangepaste brutobedrijfswinst (ebitda) met 7 procent voor 2022 en 5 procent voor 2023. Hun advies blijft ‘houden’.
    
    ‘Veerkrachtige prijszetting evenals voorraadwinsten en de impact van ELG (de vorig jaar overgenomen schrootrecycleerder, red.) zouden tot een hogere winstgevendheid in het eerste kwartaal van 2022 moeten leiden’, klinkt het. Ondanks de hogere energie- en stroomkosten verwachten de analisten dat de consensusramingen met 10 tot 15 procent zullen stijgen.
    
    2022 wordt een stevig investeringsjaar voor Aperam door versnelde investeringen in het kader van het transformatieprogramma Leadership Journey en de integratie van en aanpassingen bij ELG. Het bedrijf verwacht ongeveer 300 miljoen euro hieraan te besteden. Jefferies denkt echter dat na het eerste kwartaal werkkapitaal zal vrijgemaakt worden, waardoor Aperam over heel 2022 een vrije kasstroom van circa 700 miljoen euro zal genereren. Het beurshuis juicht ook het hogere dividend en het inkoopprogramma toe.
    
    www.tijd.be/markten-live/live-blog/oo...
17. voda 14 februari 2022 16:45

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    Advies van Deutsche Bank over Aperam
    Beurshuis Deutsche Bank
    Aandeel APERAM
    Datum 14 februari 2022
    Advies Kopen
    Koersdoel 67,00 EUR
    
    Detail advies
    (Trivano.com) - Op 14 februari 2022 hebben de analisten van Deutsche Bank hun beleggingsadvies voor APERAM (APAM; ISIN: LU0569974404) herhaald. Het advies van Deutsche Bank voor APERAM blijft "kopen".
    
    De analisten behouden hun koersdoel van 67,00 EUR.
    
    Op 11 februari 2022 publiceerde APERAM zijn jaarresultaten.
18. voda 15 februari 2022 06:57

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    GMS Market Commentary on Ship Breaking in Week 06
    
    Strategic Research Institute
    Published on :
    15 Feb, 2022, 5:06 am
    
    World's leading cash buyer of ships for recycling GMS said that “Following recent upward moves on domestic steel plate prices at nearly every major recycling destination, it was another week of firm pricing and a sub-continent market that is still on an aggressive footing for the most part. Demand remains rampant and capacity at yards remains open for any available tonnage (market or otherwise), leading to bidding wars on any of the marginal number of choice units hitting the recycling markets. L/Cs are of continuing concern across the sub-continent destinations, and it is becoming increasingly important / urgent for industry players to have additional bank checks and margins must be placed with the opening banks to ensure L/Cs are opened and released in a timely manner. Therefore, the right selection of Cash / End Buyers’ is an essential part of ensuring a smooth and successful delivery, especially at these record levels of today.”
    
    GMS said “On the Western end of things, the Turkish market seems as though levels here too are looking to take off as import and local steel prices further firmed this week and the Lira sails through its newfound stability in the mid TRY 13s against the US Dollar.”
    
    GM added “The supply of vessels has seen mostly tankers (often as young as 2003 - and younger at times) being sold for recycling this year. However, we are also likely to see Capesize Bulkers (one was sold last week) with charter rates having cooled off significantly over the previous few weeks, despite bouncing back towards the end of this week. Vessels (Dry Bulk or Tankers) with surveys due and BWTS due to be installed, are likely to make up a majority of the supply for the remainder of the year, as owners look to take advantage of these fantastic prices, well over USD 600/LDT.”
    
    GMS Pricing
    
    India/Bangladesh/Pakistan – Week 05, up UD 10
    
    Dry Bulk – USD 580-620 per LDT
    
    Tankers - USD 590-630 per LDT
    
    Containers - USD 600-640 per LDT
19. voda 15 februari 2022 07:02

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    Hanwha Defense to Use Bisalloy’s Steel in Armoured Vehicles
    
    Strategic Research Institute
    Published on :
    15 Feb, 2022, 5:11 am
    
    Leading South Korean defense company Hanwha Defense has joined forces with a Australian steel maker Bisalloy Steels to build armoured combat vehicles and self-propelled howitzers for international markets. Under the agreement, Hanwha Defense will procure Bisalloy Steel for its signature land defense platforms, such as the Redback Infantry Fighting Vehicle and the K9 Self-Propelled Howitzer, for exports to international markets beyond Australia.
    
    Both companies will also conduct joint technical analysis and development of integration of Bisally steel into the Redback and K9 for exports to the market of Europe and others.
    
    Bisalloy Steels isa specialist performance steel manufacturer and supplier headquartered in New South Wales in Australia. Bisalloy Steel is one of the Australian Industrial Capability partner firms for Hanwha Defense Australia, which is participating in Commonwealth’s LAND 400 Phase 3 program with the Redback IFV.
20. voda 15 februari 2022 07:02

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    US Steel Production Capacity Utilization Dip Below 80% in Week 06
    
    Strategic Research Institute
    Published on :
    15 Feb, 2022, 5:17 am
    
    American Iron & Steel Institute reported that in the week ending on February 12, 2022, domestic raw steel production was 1,758,000 net tons while the capability utilization rate was 79.8 percent. Production was 1,740,000 net tons in the week ending February 12, 2021 while the capability utilization then was 76.8 percent. The current week production represents a 1.0 percent increase from the same period in the previous year. Production for the week ending February 12, 2022 is down 1.5 percent from the previous week ending February 5, 2022 when production was 1,785,000 net tons and the rate of capability utilization was 81.1 percent.
    
    North East: 173
    
    Great Lakes: 607
    
    Midwest: 195
    
    Southern: 715
    
    Western: 68
    
    Total: 1758
    
    Adjusted year-to-date production through February 12, 2022 was 11,043,000 net tons, at a capability utilization rate of 81.6 percent. That is up 3.5 percent from the 10,672,000 net tons during the same period last year, when the capability utilization rate was 76.7 percent.