ArcelorMittal LU1598757687

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1. voda 9 mei 2022 07:41

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   Fortescue Reports Record Iron Ore Shipments in Jul-Mar 2022
   
   Strategic Research Institute
   Published on :
   09 May, 2022, 6:30 am
   
   Australian iron ore miner Fortescue Metals Group has delivered the best operational results among Australia’s three biggest iron ore producers, with record nine-month shipments and higher sales guidance for the whole fiscal.Its iron ore shipments in the third quarter ended March 31 of the financial year 2021-22 fell by 2% compared to the second quarter and were up by 10% YoY to 46.5 million tonne. During the March quarter it mined 51.6 million tonne of iron ore, falling by 10% QoQ & 4% YoY. Meanwhile, in the given period, the average price received was USD 100 per dry metric ton compared to the December quarter price of USD 74.36 per dry metric ton. The miner’s C1 cost increased by 3% to USD 15.78 per tonne from the previous quarter FMG CEO Ms Elizabeth Gaines said “This strong performance is underpinned by the successful delivery and ramp up of the Eliwana project, and execution of our integrated operations and marketing strategy.”
   
   In the first nine months of the financial year, the company's iron ore shipments increased by 4.9% YoY to 139.5 million tonne, a record for the first nine months.
   
   Fortescue’s iron ore shipment guidance for the financial year 2021-22 is at 185-188 million tonne, compared to the previous guidance of 180-185 million tonne. C1 cost guidance was raised to USD 15.75-16 per tonne from USD 15-15.5 per tonne due to market inflation across key input costs.
2. voda 9 mei 2022 08:21

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   Beursblik: Deutsche Bank verhoogt koersdoel Aperam
   Blijft overtuigd van koopadvies.
   
   (ABM FN-Dow Jones) Deutsche Bank heeft maandag het koersdoel voor Aperam verhoogd van 67,00 naar 68,00 euro en handhaaft het koopadvies, na de eerstekwartaalcijfers van de fabrikant van roestvaststaal.
   
   Hoewel de kwartaalcijfers niet veel beter waren dan verwacht, was de vooruitblik die het bedrijf gaf wel veel positiever dan voorzien. Aperam rekent namelijk op een beter tweede kwartaal, terwijl de markt uitging van een minder kwartaal.
   
   Daarom kan de raming van Deutsche Bank voor het EBITDA-resultaat in 2022 met nog eens 8 procent omhoog. Het macro-economische risico en de volatiliteit van de metaalprijzen hebben meer onzekerheid veroorzaakt over de volumes, maar vanuit de huidige situatie bezien lijken de verwachtingen voor de rest van het jaar niet erg veeleisend, menen de analisten.
   
   De inkoop van nog eens 100 miljoen euro aan eigen aandelen, bovenop de 100 miljoen in het eerste kwartaal, geeft een jaarlijkse aandeelhoudersrendement van rond 20 procent, terwijl het rendement op de vrije kasstroom de komende jaren naar verwachting tussen 18 en 32 procent uitkomt. Dat laatste biedt ruimte voor een hogere beloning van de aandeelhouder.
   
   Omdat Aperam minder CO2 uitstoot dan sectorgenoten en de energietransitie opwaartse ruimte biedt, is de huidige koerswinstverhouding van 2,8 tot 3,4 keer de verwachte EBITDA voor de komende drie jaren erg aantrekkelijk, volgens Deutsche Bank, afgezet tegen het normale niveau van 6 tot 8 keer dat resultaat.
   
   Het aandeel Aperam noteerde vrijdag op 35,44 euro.
   
   Door: ABM Financial News.
   
   info@abmfn.nl
   
   Redactie: +31(0)20 26 28 999
3. voda 9 mei 2022 10:24

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   Beursblik: Jefferies verlaagt koersdoel Aperam
   Naar 37,50 euro.
   
   (ABM FN-Dow Jones) Jefferies heeft het koersdoel voor Aperam verlaagd van 40,00 naar 37,50 euro met een ongewijzigd Houden advies. Dit bleek maandag uit een rapport van de zakenbank.
   
   Analist Alan Spence verwacht dat Aperam zijn schuld weer gaat afbouwen vanaf het tweede kwartaal, nadat deze steeg door de aandeleninkoop in het eerste kwartaal.
   
   De schuld van het roestvrijstaalbedrijf steeg door de aandeleninkoop ter waarde van 100 miljoen euro en investeringen in het werkkapitaal, tot het hoogste niveau sinds 2011.
   
   De inkoop vond plaats na een recordkwartaal met een aangepaste EBITDA van 363 miljoen euro. Het tweede kwartaal zal nog beter zijn, beloofde Aperam.
   
   Ook de reductie van de CO2-uitstoot per geproduceerde ton staal met 33 procent over het afgelopen jaar is zeer positief, omdat het bedrijf al indrukwekkend veel schoner produceert dan sectorgenoten: 0,33 ton CO2 per ton staal, tegen 0,93 ton gemiddeld voor roestvrij staal en 1,89 ton voor staal wereldwijd.
   
   Die verbetering was grotendeels te danken aan de investeringen in bosareaal. Het bedrijf wil nog eens 26.000 hectares bos kopen om CO2-neutraal te worden.
   
   Het aandeel noteerde maandag 0,5 procent hoger op 35,62 euro.
   
   Door: ABM Financial News.
   
   info@abmfn.nl
   
   Redactie: +31(0)20 26 28 999
4. voda 10 mei 2022 07:14

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   Tenova to Revamp Special Steel Production at Tenaris Dalmine
   
   Strategic Research Institute
   Published on :
   10 May, 2022, 4:58 am
   
   Techint Group’s Leading technology provider Tenova is awarded two contracts by Tenaris for its mill in Dalmine in Italy. Both contracts are related to the steelmaker’s new investment in special steel production. The Dalmine project is divided into three phases, two of which will be supplied by Tenova. The first phase consists of a state-of-the-art melt shop ladle furnace. The ladle furnace will be used for secondary metallurgical treatment of the liquid steel. The second project phase will consist of a Tenova’s designed and supplied heat treatment furnace for special steel bars. This movable hood-type furnace is specifically designed to charge very large bars with a length of 12 meters and is equipped with thirty-four hydrogen-ready self-recuperative burners. These environmentally friendly burners will be capable of using up to 100% hydrogen as a fuel source.
   
   Tenova self-recuperative burners provide energy savings compared to traditional preheated air burners, playing a significant role in reducing CO2 emission levels in steelmaking plants. In addition to fuel savings, Tenova burner flameless technology produces the lowest NOx emission level. Optimal thermal uniformity, extended combustion stability, advanced control technology, low maintenance costs, and continuous product evolution are Tenova regenerative burners main and distinguished features. Flexibility in fuel combustion is also another important advantage, as they are already designed and manufactured to be hydrogen-ready.
   
   With this investment, Dalmine will produce high-grade special steel resistant to corrosion in carbon dioxide and hydrogen sulphide environments. The special steel product will also be used for renewable energy technologies such as geothermal wells.
   
   Tenova’s equipment will start production within the first half of 2022.
5. voda 10 mei 2022 07:15

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   Metinvest Spends USD 39 Million in Aid to Ukraine & Ukrainians
   
   Strategic Research Institute
   Published on :
   10 May, 2022, 5:05 am
   
   Beginning on February 24, Met invest Group has restructured its operations. According to the decision of shareholders Mr Rinat Akhmetov and Mr Vadym Novynskyi, in addition to supporting the economic stability of Ukraine, the Group has channeled all of its resources to help Ukraine and Ukrainians. Over the more than two months of the war to date, UAH 1.176 billion (USD 39 million) has already been allocated for projects to help the country. Humanitarian support for the population in several key areas has become a 24/7 activity for many Metinvest Group employees:
   
   Together with SCM’s energy business DTEK, Metinvest Group co-founded the Saving Lives humanitarian project. The project is being coordinated with the Rinat Akhmetov Foundation. The main task of the humanitarian initiative has been to purchase and deliver humanitarian goods, primarily food, from Europe to Ukraine. In two months, almost 30,000 people received assistance. Thanks to the charitable contributions of around 70 companies from around the world, 1,644 tonnes of food, essential goods, hygiene products and medicines have been supplied to affected areas.
   
   In close cooperation with the Ministry of Health, a medical care program was launched in Zaporizhzhia, Kryvyi Rih, Kamianske, Pokrovsk and Avdiivka, which includes the purchase and transfer of thousands of medical packages, as well as the purchase of medical equipment for hospitals and outpatient clinics. Also, despite the hostilities, the company has donated 150 tonnes of oxygen to COVID-19 patients.
   
   Taking into account the geographical location, one of the Group’s most important activities has been setting up bomb shelters at all of its enterprises in the cities where it has operations, including at Azovstal and Ilyich Steel. Food, lighting, gas masks, composting toilets, generators, heaters, water purification plants, and sleeping places - the Group has equipped bomb shelters designed for tens of thousands of people with all of the necessities of life.
   
   100,000 armored vests will be transferred to the defenders of Ukraine. This will cover the significant requirements of all of the Ukrainian defense forces. The Group is buying armored steel abroad and has also mastered the production of its own special steel. Metinvest's facilities make it possible to produce more than 20 tonnes of special steel for armored vests every week. The Group also purchased ready-made armored vests abroad. 1,100 thermal imagers, more than 8,100 helmets, over 25,000 haemostatic tourniquets and first-aid kits, and 20 drones have been purchased - this is the additional ammunition required for the defenders of Ukraine for effective defensive operations. More than 110 vehicles from Metinvest enterprises have already been transferred to the Armed Forces of Ukraine, territorial defence forces and the National Police to improve their mobility. 60,000 anti-tank hedgehogs and more than 20,000 studded chains for use against wheeled vehicles have been made to protect cities. The Group also donated 20 tonnes of wire rod for the production of mobile bastions and provided about 3,000 tonnes of sand and crushed stone, 2,400 reinforced concrete blocks and slabs for the arrangement of roadblocks and the protection of social infrastructure. In addition, computer equipment, camouflage suits and thousands of tonnes of fuel have been supplied to the Armed Forces of Ukraine and territorial defence forces.
6. voda 10 mei 2022 07:15

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   US Steel Capacity Utilization Stays Stable WoW in Week 18
   
   Strategic Research Institute
   Published on :
   10 May, 2022, 5:08 am
   
   American Iron & Steel Institute announced that in the week ending on 7 May 2022, domestic raw steel production was 1.777 million net tons while the capability utilization rate was 81.4%. Production was 1.834 million net tons in the week ending 7 May 2021 while the capability utilization then was 81.0%. The last week production represents a 3.1% decrease from the same period in the previous year. Production for the week ending 7 May 2022 is up 0.1% from the previous week ending 30 April 2022 when production was 1,775 million net tons and the rate of capability utilization was 81.3%.
   
   North East: 176 KNT
   
   Great Lakes: 566 KNT
   
   Midwest: 195 KNT
   
   Southern: 772 KNT
   
   Western: 68 KNT
   
   Total: 1777 KNT
   
   Adjusted year-to-date production through 7 May 2022 was 31.625 million net tons, at a capability utilization rate of 80.1%. That is down by 1.7% from the 32.174 million net tons during the same period last year, when the capability utilization rate was 78.7%.
7. voda 10 mei 2022 07:18

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   Ship Breaking Turns for Worse in Week 18
   
   Strategic Research Institute
   Published on :
   10 May, 2022, 5:14 am
   
   World's leading cash buyer of ships for recycling GMS said that “Sub-continent markets have taken a turn for the worse this week, as collapsing steel prices in India and Eid holidays in Pakistan, Bangladesh, and Turkey have led to depressed sentiments and virtually no new offers emanating on any available tonnage. Most End Users now want to wait-and watch-market developments before offering anew on vessels at far lower levels that seem more in line with the realistic USD 650s/LDT than the struggling USD 700s/LDT most in the industry were gunning for earlier on select units. There has certainly been some increasing and noteworthy reticence from sub-continent Recyclers about having to dip into levels at or above USD 700/LDT. So, there is perhaps some justification for watching-and-waiting if units can be secured at these currently lower levels.”
   
   GMS said “Notwithstanding, despite this most recent volatility, fundamentals (including steel plate prices, which are at record highs of their own) overall remain firm across the sub-continent markets and the expectation is that appetite and sentiments will likely firm up once Eid holidays conclude from next week onwards, especially before the onset of June monsoon season. There has been some worrying currency depreciations in all recycling destinations India, Pakistan, Bangladesh and even Turkey over the past few weeks and this week, the currencies depreciated across the board, despite capacity remaining firm to take the paucity of units that are available.”
   
   GMS added “Since supply is so limited at present with all Dry Bulk and Container markets firm & Tanker charter rates starting to pick up again, recycling prices could possibly return to previous highs going into the traditionally quieter summer & monsoon season.”
   
   GMS Pricing - India/Bangladesh/Pakistan – Week 18 (Down USD 20)
   
   Dry Bulk – USD 630-650 per LDT
   
   Tankers - USD 640-660 per LDT
   
   Containers - USD 650-670 per LDT
8. voda 10 mei 2022 07:18

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   Vietnam’s Steel Imports Continue to Decline in Jan-Apr 2022
   
   Strategic Research Institute
   Published on :
   10 May, 2022, 5:17 am
   
   Vietnam Steel Association said that Vietnam spent around USD 4 billion in importing more than 3.8 million tonnes of steel in January-April 2022, up 8.5% YoY in value & down 24.1% YoY in volume. In April alone, Vietnam imported 800,000 tonnes of steel worth USD 906 million, down 40.6 YoY in volume and 16.8% YoY in value
   
   In 2021, Vietnam had spent USD 11.5 billion importing more than 12.3 million tonnes of steel, down 7.1% YoY in volume but up 42.6% YoY in value against 2020. The continued decline in steel import volumes is primarily due to commissioning of new steel capacities, including by Hoa Phat.
9. voda 10 mei 2022 07:19

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   • voda

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   Outokumpu Report Strong Results for Jan–Mar 2022 Quarter
   
   Strategic Research Institute
   Published on :
   10 May, 2022, 5:20 am
   
   Global stainless steel giant Outokumpu’s sales increased to EUR 2,760 million in the January-March quarter of 2022 & adjusted EBITDA reached EUR 377 million with stainless steel deliveries growing by 6% compared to the previous year & prices for stainless steel continued to increase. Outokumpu President & CEO Mr Heikki Malinen said “In the first quarter of 2022, Outokumpu performed well despite the uncertainty caused by Russia’s aggressive invasion and war in Ukraine. We have decided to stop all business operations related to Russia as soon as possible. So far, the impact of the war on Outokumpu has been limited. Our mills have been running at full capacity and our adjusted EBITDA reached EUR 377 million. Deliveries increased by 10%, as we were successful in mitigating the impact of the COVID-19 pandemic in production and logistics. All business areas delivered solid first-quarter results. We have continued to build a strong position in the Americas, supporting the geographic diversification of our earnings. In Europe, our performance in the first quarter was also solid. We have strong expertise in value added grades, and I am pleased to see the improving demand in our pro grade business. The Ferrochrome and Long Products business areas recorded excellent earnings in the first quarter.”
   
   Highlights in Q1 2022
   
   --------------------------
   
   Stainless steel deliveries were 647,000 tonnes (608,000 tonnes)
   
   Adjusted EBITDA increased to EUR 377 million (EUR 177 million).
   
   EBITDA was EUR 377 million (EUR 177 million).
   
   Net result increased to EUR 251 million (EUR 82 million).
   
   Outlook for Q2 2022 - Group stainless steel deliveries in the second quarter are expected to remain at a similar level compared to the first quarter. The European ferrochrome benchmark price further increased to USD 2.16/lb for the second quarter. With current raw material prices, significant raw material-related inventory and metal derivative gains are expected to be realized in the second quarter. Supply chain uncertainties resulting from the war in Ukraine and associated Russian sanctions remain a risk in the second quarter. Adjusted EBITDA in the second quarter of 2022 is expected to be higher compared to the first quarter.
10. voda 10 mei 2022 07:20

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    US Steel Imports in April Shrink by 20% MoM
    
    Strategic Research Institute
    Published on :
    10 May, 2022, 5:23 am
    
    The American Iron and Steel Institute has reported that US’s steel import permit applications for the month of April 2022 totaled 2.579 million net tons, a 19.8% decrease from the 3.214 million net tons permit recorded in March and a 16.6% decrease from the March final imports total of 3.092 million net tons. Import permit tonnage for finished steel in April was 2.093 million net tons, down 16.3% from the final imports total of 2.499 million net tons in March. The estimated finished steel import market share in April was 25%. Notable surge was for tin plate at 31% & rail at 200%
    
    Canada – 0.583 million net tons, down 11% from March
    
    Mexico – 0.392 million net tons, down 28%
    
    Brazil – 0.258 million net tons, down 26%
    
    South Korea – 0.198 million net tons, down 38%
    
    Taiwan – 0.104 million net tons, no change
    
    For the first four months of 2022, total and finished steel imports were 11.062 million net tons & 8.711 million net tons, up 19.4% and 42.3%, respectively, from the same period in 2021. The estimated finished steel import market share in January-April 2022 is 24%.Products with significant year-to date increases vs the same period in 2021 include wire rods up 137%, cold rolled sheets up 88%, tin plate up 80%, oil country goods up 80% and sheets and strip galvanized hot dipped up 45%. Through the first four months of 2022, the largest suppliers were
    
    Canada -2.283 million net tons, down 1% YoY
    
    Mexico – 1.950 million net tons, up 42%
    
    Brazil - 1,245 million net tons, down 35%
11. voda 10 mei 2022 07:20

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    CPL Industries Delivers Ecoke Biofuel to Liberty Specialty Steels
    
    Strategic Research Institute
    Published on :
    10 May, 2022, 5:27 am
    
    UK based CPL Industries continues to expand its penetration into hard-to-abate and energy-intensive industries, by delivering the first commercial trial of 50 tonnes to Liberty Specialty Steels at Rotherham in UK. CPL Industries Solid Fuels, Mr Jason Sutton said “We are very proud to support Liberty’s Greensteel initiative: Liberty Steel is at the vanguard of decarburization strategies in steel, we quickly identified a natural fit and an opportunity to develop a strategic partnership between two major employers in the Yorkshire and Humber region. Ecoke provides an immediate path to decarburization and we are committed to a program of product development and investment to deliver further advances in biofuels in order to exceed industry expectations for the coming years.”
    
    Ecoke, developed by CPL Industries during the final months of 2021, found immediate success in metals industries throughout Europe, particularly in Spain, Germany, France, Italy and Scandinavia, and is now attracting attention from a wider global audience. Solid Fuels Managing Director Mr Steve Anson said “Our continued success follows consistently excellent results from testing and trials during the last 2 quarters, and we continue to build sustainable relationships with strategically important partners for the future. Where no two furnaces react in quite the same way, and no two industries share identical demands, our aim is to develop customer-specific grades and blends to maximize the production and taxable benefit. It is increasingly evident that Ecoke has significant potential to reduce carbon emissions in blast furnaces, electric arc furnaces, ferroalloy and soda ash production, and for the broader manufacturing industry. The imperative to decarbonize gathers pace not only as a result of legislative process but also, increasingly, from a consumer-led mandate”.
    
    CPL is Europe’s leading manufacturer of smokeless solid fuels, with a capacity of 500,000 tonnes per year. CPL has manufacturing and sales facilities in the UK, Ireland, Latvia and South Africa and also has sales offices in France and Spain.
12. voda 10 mei 2022 07:21

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    EU Automotive Industry to Grow by 0.8% YoY in 2022
    
    Strategic Research Institute
    Published on :
    10 May, 2022, 5:29 am
    
    European Steel Association EUROFER in latest Economic and steel market outlook 2022-2023 said that “In the fourth quarter of 2021, the automotive sector's output dropped for the second consecutive quarter by 14.6%, after 15.32% in the third quarter). The sector experienced a rebound starting from the third quarter of 2020, due to the end of lockdown measures and culminating in an exceptional increase of 65% in the second quarter. Output in the automotive sector recovered modestly by 3.8% in 2021 after the severe drop experienced in 2020 due to the pandemic by 16.7%.
    
    EUROFER said “The year 2020 was the second recession in a row after 2019. The EU automotive sector had already experienced its worst slump during the euro area crisis of 2010-2012, when the recession was even bigger at 26.3%. In 2020, the automotive sector was the hardest hit among all steel-using sectors. Its output has been on a downward path since the third quarter of 2018: sluggish domestic and export demand, trade-related uncertainties, emissions rules, shifting patterns in ownership and model ranges had been felt all over 2019 before the onset of the pandemic. The continued supply chain issues experienced over the summer of 2021 increasingly resulted in shortage of components and semiconductors, rise in energy prices and production costs, slowdown in global trade. The invasion of Ukraine by Russia in late February 2022 has worsened the already subdued outlook even further.”
    
    This situation also contributed to continued depressed demand and consumer uncertainty. The latest passenger car registrations data show that car sales in the EU fell by 12.3% in the first quarter of 2022 as compared to 20.5% in March. Most individual countries recorded double-digit drops in sales, including the four key markets
    
    Spain - 30.2%
    
    Italy - 29.7%
    
    France - 19.5%
    
    Germany - 17.5%
    
    Automotive industry forecast 2022-2023 -- After a severe slump of 16.71 in 2020 due to the pandemic, in 2021 automotive output is set to modestly rebound by 3.81. The sector is expected is grow a bit more robustly in 2022 by 4.91, despite the severe repercussions of the ongoing supply chain disruptions and the war in Ukraine. Growth is expected to be largely due to the rebound in output of some major economies, mainly Germany, after three consecutive slumps from 2019 to 2021. The already mentioned supply chain disruptions have started to impact considerably the automotive industry around the third quarter of 2021 and are expected to persist at least throughout 2022. In addition, subdued consumer confidence, due to modest disposable income, has been impacting car demand since the second half of 2018. The latter is expected to remain weak until the macroeconomic picture and consumer disposable income substantially improves -now even less likely given the worsening economic outlook. Uncertainties around the implementation of EV and delays in the launch of new models, many hybrid or fully electric, and lack of charging facilities have proven unsupportive factors of consumer demand and have also delayed investment decisions by carmakers. Full recovery in global trade and external demand from major markets such as the US, China and Turkey will remain a key factor for EU car exporters, but this is not likely to materialize as long as the uncertainty linked to the war in Ukraine and global supply chain disruptions persist. In the longer-term, however, political commitment (Fit for 55, etc) at EU level towards the full adoption of EV by 2035 will prove somewhat supportive, despite the fact that general car demand appears to be dependent on fragile consumer confidence throughout 2022 and 2023. As a result, 2023 is expected to be another difficult year for the sector, with a very feeble growth in output of 0.81.
13. voda 10 mei 2022 07:21

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    BaoSteel Creates New Sales Record in 2021
    
    Strategic Research Institute
    Published on :
    10 May, 2022, 5:34 am
    
    Baosteel recently released its Annual Report for 2021. In 2021, Baosteel achieved a total profit of CNY 30.71 billion (USD 4.56 billion) and continued to rank first in the domestic steel industry, with YoY increase of 16.5% in sales of products with competitive edge and 29.4% in operating income compared to 2020.
    
    In terms of practicing green and low carbon production, BaoSteel’s Zhanjiang zero-carbon demonstration plant started the construction of a million-ton hydrogen-based shaft furnace in February 2022. Its top gas circulating oxygen blast furnace has completed the industrial trial, and the hydrogen-rich blast technology has realized industrial application.
14. voda 10 mei 2022 07:25

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    JFE Steel Reports 14% Surge in Crude Steel Production in FY
    
    Strategic Research Institute
    Published on :
    10 May, 2022, 5:36 am
    
    Japanese steel maker JFE Steel has produced 25.88 million tonnes of crude steel on a standalone basis for the year ended 31 March 2022, up 13.7% YoY from 22.76 million tonnes in previous FY. JFE Steel attributed the increase to strong demand for steel and the result of initiatives to improve sales price led to a significant increase in profit. As a result of these positive factors, JFE Steel swung to a net profit of JPY 288 billion (USD 2.2 billion) for the year, from a net loss of JP 21.8 billion the previous year.
    
    JFE Steel expects to produce 26 million tonne of crude in the current fiscal year, due to recovery in automobile production and a pickup in the economy. JFE Steel said “Peaking out of COVID-19 will see a recovery in steel demand from the overseas construction sectors, while manufacturing is also expected to rebound. Demand from the automotive sector is soft due to low automotive production caused by a shortage of semiconductors, although the automotive sector is gradually recovering at sluggish speed."
    
    However, JFE Steel did not provide a financial projection for the year ending March 31, 2023, citing Russia's invasion of Ukraine. JFE Steel said "Since Russia launched its invasion, coal prices have remained volatile and steel supply & demand and market conditions have been uncertain, obliging the company to determine that it cannot issue reasonable forecasts at this stage.”
15. voda 10 mei 2022 07:25

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    COVID Curbs Hits China’s Iron Ore & Steel Import & Export in April
    
    Strategic Research Institute
    Published on :
    10 May, 2022, 5:39 am
    
    According to latest data from the General Administration of Customs, China’s iron ore imports fell by 1.4% MoM in April 2022, while steel export increased by 0.6% Mom as Zero COVID policy led lockdowns hit the Chinese steel sector.
    
    Iron Ore Imports – 86.06 million tonnes, down 12.1% YoY
    
    Steel Exports – 4.98 million tonne, down 37.7% YoY
    
    Steel Imports – 18.16 million tonne, down 14.7% YoY
    
    Steel Imports – 0.96 million tonne, down 18.3% YoY
    
    Coal Imports –23.55 million tonne, down 8.4% YoY
    
    January-April 2022
    
    ------------------------
    
    Iron Ore Imports – 354.4 million tonnes, down 7.1% YoY
    
    Steel Exports – 18.16 million tonne, down 29.2% YoY
    
    Steel Imports – 4.17 million tonne, down 14.7% YoY
    
    Coal Imports – 75.41 million tonne, down 16.2% YoY
16. voda 10 mei 2022 07:26

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    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 25 apr 2024

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    India’s Crude Steel Production in April up 3% YoY
    
    Strategic Research Institute
    Published on :
    10 May, 2022, 5:42 am
    
    According to provisional data from India’s Steel Ministry's Joint Plant Committee, India's crude steel production was up by 3.1% YoY to 9.85 million tonne in April while finished steel production rose by 0.9% YoY to 9.35 million tonne & consumption increased by 1% YoY to 9.05 million tonne
    
    Crude steel production in April by integrated steel producers SAIL, Tata Steel, JSW Steel, JSPL, RINL and AM/NS India accounted for 61% of output
    
    Tata Steel – 1.59 million tonne, up 4.5% YoY
    
    SAIL – 1.45 million tonne, up 17.7% YoY
    
    JSW, JSPL & AMNS India – 2.731 million tonne, up 5.9% YoY
    
    RINL – 0.29 million tonne, own 38.6% YoY
    
    Others – 3.79 million tonne, up 1.2% YoY
    
    Weak consumption in Europe and competitive offers from China have slowed Indian exports April. Exports of finished steel in April dropped by 22% YoY to 0.74 million tonne, while imports fell by 10% YoY to 0.33 million tonne.
17. voda 10 mei 2022 07:27

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    • voda

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    US Suspends Section 232 Tariffs on Steel Imports from Ukraine
    
    Strategic Research Institute
    Published on :
    10 May, 2022, 5:46 am
    
    US Secretary of Commerce Ms Gina M Raimondo announced that the US will be temporarily suspending 232 tariffs on Ukrainian steel for one year. Ms Raimondo said “Steelworkers are among the worlds most resilient, whether they live in Youngstown or Mariupol. We can’t just admire the fortitude and spirit of the Ukrainian people, we need to have their backs and support one of the most important industries to Ukraine’s economic well-being. For steel mills to continue as an economic lifeline for the people of Ukraine, they must be able to export their steel. Today’s announcement is a signal to the Ukrainian people that we are committed to helping them thrive in the face of Putin’s aggression, and that their work will create a stronger Ukraine, both today and in the future. Ukraine’s diplomatic leaders have been essential partners and advocates for their people, and we will continue to do all we can to support their work toward peace, freedom, and prosperity.”
    
    Some of Ukraine’s largest steel communities have been among those hardest hit by Putin’s barbarism, and the steel mill in Mariupol has become a lasting symbol of Ukraine’s determination to resist Russia’s aggression. Many of Ukraine’s steel mills have continued to pay, feed, and even shelter their employees over the course of fighting. Despite nearby fighting, some Ukrainian mills have even started producing again. Creating export opportunities for these mills is essential to their ability to continue employing their workers and maintaining one of Ukraine’s most important industries.
    
    Since Russia invaded Ukraine on February 24, the Department of Commerce has launched a series of new export control restrictions on Russia in partnership with three dozen allies, including 27 EU member states, Canada, the United Kingdom, Australia, New Zealand, Japan, South Korea, Switzerland, Iceland, and Norway. The multilateral coordination on export controls and other areas has been impressive and led to swift development and implementation of powerful restrictions that are having a serious impact on Russia’s ability to sustain its aggression. Commerce has added 260 parties in Russia, Belarus, and multiple other countries to the Entity List. These entities have been involved in, contributed to, or otherwise supported the Russian security services, military and defense sectors, and military and/or defense research and development efforts.
18. voda 10 mei 2022 07:32

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    • voda

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    Vallourec Resumes Pau Branco Iron Ore Mine Activity in Brazil
    
    Strategic Research Institute
    Published on :
    10 May, 2022, 6:30 am
    
    The Brazilian arm of Vallourec announced the partial restart of activities at its Pau Branco iron ore mine, located in the southeastern state of Minas Gerais. The company added that it has restarted operations partially at its iron ore mine based on the approval of the mining authorities, to resume them for a period of three months, without using the waste pile. Under these temporary conditions, it is targeted to progressively ramp up from 70 percent to full capacity.
    
    The mining operations were halted on January 8, 2022 following intense rainfall in the region, causing a spill at its Lisa Dam, which affected the traffic of a nearby federal road, BR-40. According to the company, more than 160 emergency actions are currently in development, in an attempt to reduce environmental damages and to recover the affected areas
    
    In parallel, it will prepare the return to normal operations, which will be subject to the validation of the stability of the waste pile by the mining and state environmental authorities.

    Bijlage:
19. voda 10 mei 2022 07:33

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    • voda

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    Tata Steel Noamundi Iron Ore Mine Improves Performance
    
    Strategic Research Institute
    Published on :
    10 May, 2022, 6:30 am
    
    Tata Steel’s Noamundi Iron Mine in Jharkhand, India recently achieved significant load and haul efficiencies from a continuous improvement project supported by Immersive Technologies and Vareli Tecnac. The project objectives stemmed from analysis of Wenco Fleet Management System data which identified operational trends linked to specific operator behavior. The analysis also showed variability in how operators were performing tasks, especially around machine care, productivity and fuel efficiency.
    
    To reduce the performance variability, a targeted workforce up skilling program was conducted at Tata’s training center located at Joda East Iron Mine. The simulator training was conducted by an Immersive Technologies embedded trainer with support from VTPL, and focused on a Komatsu HD785-7 truck and Hitachi EX1200-5D face shovel. To measure the effectiveness of the solution, mining data was measured before and after training.
    
    Quantified operational improvement for the Hitachi EX1200-5D for in-pit (real results) translated to a 40% better mean loading time with an estimated 5 litres of High-Speed Diesel saved per loading cycle. The simulator results for the machine saw the average loading time per truck value improve by 2%; the instantaneous dig rate average improved by 6%; the average fill factor improved by 7% and overall operator competency improved by 57%. For the Komatsu HD785-7, the in-pit (real results) saw a 4% fuel consumption improvement while for the simulator, operator fuel efficiency behavior improved by 79%.

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20. voda 10 mei 2022 07:57

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    • voda

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    Doosan Fuel Cell Exports Hydrogen Fuel Cells to China
    
    Strategic Research Institute
    Published on :
    10 May, 2022, 6:30 am
    
    Doosan Fuel Cell announced that it will export 11 units of 440kW hydrogen stationary fuel cells to China. These hydrogen fuel cells will be installed for Power to Gas electrolysis-connected green hydrogen fuel cell demonstration project', which is China's first project in its kind. Doosan Fuel Cell will be in charge of installation, commissioning and maintenance services as well as technical support.
    
    Chinese central government has officialized its hydrogen promotion scheme in March. According to the plan, the government will
    
    Prepare hydrogen value chain
    
    Complete green hydrogen industry structure
    
    Expand hydrogen applications across the entire industries by 2035 in phases
    
    P2G is an energy storage technology which uses renewable energy-generated electric power to produce and store hydrogen.