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China Steel Corporation to Upgrade Bar Mill

Strategic Research Institute
Published on :
17 May, 2022, 6:18 am

Kaohsiung based Taiwan’s largest steelmaker China Steel Corp’s Board of Directors has approved a resolution of investing TWD 3,244 million to construct straight bar finishing line, Phase C project of No 2 bar mill at rolling mill 1. The purpose of this project is to develop the advanced premium steel of CSC and to drive digital transformation by building an intelligent finishing line. This project will commence on 1 June 2022 and is scheduled for completion on 31 October 2025.

After the completion of this project, the quality of straight bars and production efficiency of China Steel Corp will be improved and it is estimated to increase the overall production of bar mill by about 4,000 tonnes per month to meet market demands and to increase the profits.
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Acerinox Reports Highest Ever Quarterly Net Profit in Jan-Mar

Strategic Research Institute
Published on :
17 May, 2022, 6:20 am

Spanish stainless steel maker Acerinox has reported EUR 266 million profit for January-March 2022 quarter, highest ever quarterly net profit, as strong demand for steel boosted prices. The rapid post-COVID recovery, supply chain constraints and war in Ukraine have all helped drive up prices for commodities and steel is no exception.

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Q1 Performance Highlights

Production up 7% QoQ

EBITDA of EUR 422 million, the second best on record and strongest since Q2 2006

Net profit of EUR 266 million, the strongest ever

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Other Highlights

1. Temporary production disruptions at Algeciras due to exorbitant energy costs in the Spanish market forced us to close the melt shop in Algeciras for several days and transportation strike in Spain caused major supply disruptions to and from Algeciras

2. VDM integration remains on track (synergies achieved: 5 million EUR, 29% of the total target for the year)

3. Investment in NWC of 345 million EUR in Q1

The company said “It expects the market trend to continue and to push EBITDA even higher in the second quarter. Uncertainties remain in place: invasion in Ukraine, energy prices and inflation in all of our raw materials and consumables.”
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ThyssenKrupp Reports Strong Quarterly Results

Strategic Research Institute
Published on :
17 May, 2022, 6:25 am

German steel giant ThyssenKrupp was able to build on its good 1st-quarter performance in the 2nd quarter of the current fiscal year 2021/2022. The group’s order intake went up by over 50% YoY to a total of EUR 13.6 billion. Key drivers were higher market prices for many materials at Materials Services and Steel Europe and a major order in the marine business. Sales in the 2nd quarter increased by 24% to EUR 10.6 billion, while adjusted EBIT came to EUR 802 million, also significantly above the prior-year figure of EUR 220 million and above the figure of EUR 378 million for the previous quarter.

This increase in earnings was attributable in particular to higher revenues and improved margins at Materials Services and Steel Europe. It more than offset adverse factors from increasing materials, logistics and energy costs and the worsening supply chain problems, which mainly affected the automotive and components-related businesses. Positive effects from the performance and efficiency measures supported this growth.

In light of the good 1st-half performance and based on the current underlying assumptions, ThyssenKrupp has raised its forecast for the current fiscal year for both sales and earnings. The forecast of free cash flow before M&A, which was suspended in March, has been resumed. Because of the rise in commodity and other materials prices as well as delays in customer call-offs, the company expects a negative figure in the mid-three-digit million euro range here.
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China Steel Corporation to Reduce Steel Prices for Sales in June

Strategic Research Institute
Published on :
17 May, 2022, 6:27 am

Taipei Times reported that Kaohsiung based Taiwan’s largest steelmaker China Steel Corporation would cut domestic steel prices by 2.1% on average for delivery in June 2022 in response to a brief slowdown in steel demand and to help customers mitigate mounting manufacturing costs caused by geopolitical issues. China Steel Corp is slashing prices by TWD 300-500 (USD 17) per tonne for steels used in a wide range of areas from construction to computers and vehicles. However, the price of hot-rolled steel coils would remain unchanged, given robust demand for American Petroleum Institute steel pipes for oil and gasoline transmission systems

Plates – TWD 500

HR – TWD 500

CR – TWD 500

HDG – TWD 300-500

China Steel Corp move matches its Chinese counterparts’ recent downward price adjustments. China’s Baowu Steel & Angang Steel have lowered their steel prices by up to CNY 200 (USD 30) per tonne, as demand in Asia plunged during the rainy season and in the month of Ramadan

However, the company said it expects steel demand to pick up in the second half of the year, benefiting from infrastructure programs in China, as lockdowns there could gradually be lifted later this year, as well as post-war reconstruction projects, if Russia’s war in Ukraine stabilizes.
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Nucor to Acquire CHI Overhead Doors from KKR

Strategic Research Institute
Published on :
17 May, 2022, 6:34 am

Charlotte North Carolina US headquartered Nucor Corporation has entered into an agreement with an affiliate of investment funds managed by Kohlberg Kravis Roberts & Co to acquire CHI Overhead Doors, a leading manufacturer of overhead doors for residential and commercial markets in the United States and Canada. The transaction is valued at USD 3.0 billion, which represents approximately 13x CHI's estimated trailing twelve-month EBITDA at close. The transaction is expected to close in June or shortly thereafter, pending regulatory approvals and customary closing conditions and immediately accretive to earnings in its first year of ownership.

CHI manufactures overhead door products for residential and commercial applications, as well as rolling steel and rubber doors for commercial and industrial customers. The company has approximately 800 teammates across two manufacturing plants in Arthur, Illinois, and Terre Haute, Indiana, and regional warehouses located in California, Colorado, New Hampshire and New Jersey. With a highly diversified national customer network of professional garage door dealers, CHI is able to maintain minimal inventory levels and realize industry-leading fulfillment times, while providing direct delivery to customers.

Commercial overhead doors are used in warehousing and retail, areas that Nucor has focused its attention recently through other value-added products such as insulated metal panels (CENTRIA, Metl-Span and TrueCore brands) and steel racking solutions (Hannibal Industries and Elite Storage Solutions). It is expected that the CHI acquisition will also benefit from Nucor's recent paint line investments at its Hickman in Arkansas and Crawfordsville in Indiana, sheet mills.

Moelis & Company LLC served as financial advisor and Moore & Van Allen PLLC served as legal counsel to Nucor Corporation for this transaction.
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Canada Withdraws AD Duty on HR Imports from Ukraine

Strategic Research Institute
Published on :
17 May, 2022, 6:37 am

The Canadian International Trade Tribunal has rescinded the antidumping duty order on hot rolled flat steel from Ukraine. The Tribunal found that the continued or resumed dumping of these goods was not likely to result in injury. The duty at a rate of 77% was in effect for 20 years.

Flat hot-rolled carbon and alloy steel sheet and strip, including secondary or non-prime material, in various widths from 0.75 inches (19 mm) and wider and

(a) For product in coil form, in thicknesses from 0.054-0.625 inches (1.37-15.875 mm) inclusive

b) For product that is cut to length, in thicknesses from 0.054 inches up to but not including 0.187 inches. (1.37 mm up to but not including 4.75 mm), excluding

(i) Flat-rolled stainless steel sheet and strip

(ii) Flat hot-rolled, cut-to-length alloy steel products containing no less than 11.5 percent manganese, in thicknesses from 0.12-0.19 inches (3-4.75 mm)

Last week, the US temporarily suspended Section 232 tariffs on Ukrainian steel for one year.
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Steel Dynamics to Acquire Mexican Metals Recycling Company ROCA

Strategic Research Institute
Published on :
17 May, 2022, 6:40 am

Fort Wayne Indiana US headquartered Steel Dynamics Inc announced that as part of its North American raw material procurement strategy, the company has entered into a definitive agreement to acquire the equity interest of ROCA ACERO to be funded with available cash. ROCA is headquartered in Monterrey, Mexico and operates a ferrous and nonferrous scrap metals recycling business. ROCA’s primary operations are comprised of four scrap processing facilities, strategically positioned near high-volume industrial scrap sources located throughout Central and Northern Mexico. These combined facilities currently ship approximately 575,000 gross tons of scrap annually and have an estimated annual processing capability of approximately 850,000 gross tons.

Combined with o Steel Dynamics existing North American metals recycling facilities, the addition of ROCA significantly strengthens Steel Dynamics raw material procurement strategy in the region. After closing the ROCA transaction and fully integrating our Mexican metals recycling operations, Steel Dynamics believes that Mexican scrap facilities will provide an even more meaningful competitive advantage to Steel Dynamics US electric-arc-furnace steel operations, while also providing a high-quality, customer centered option for outside scrap customers

This transaction is subject to customary closing conditions and receipt of required regulatory approvals.
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China’s Crude Steel Output Recovers in April

Strategic Research Institute
Published on :
17 May, 2022, 6:42 am

National Bureau of Statistics announced that China produced 92.78 million tonnes of crude steel in April 2022, up from 88.3 million tonnes in March 2022 but down by 5.2% YoY from April 2021 as the impact of environmental restrictions and COVID-19 disruptions eased, but it was still well below year-ago levels. The rising output came after mills in northern China finished production cuts the government ordered in mid-March, while a raw material supply crunch due to transport restrictions also gradually eased.

China's output of pig iron & finished steel was 76.78 million tonnes & 114.83 million tonnes, up 7.2% MoM & down 1.8% MoM respectively.

In the January-April 2022, China’s outputs of pig iron, crude steel and finished steel amounted to 280.3 million tonnes, 336.15 million tonnes and 426.82 million tonnes, decreasing by 9.4% YoY, 10.3% YoY & 5.9% YoY respectively

NBS data also shows that China's property sales value in April 2022 fell by 38.8% YoY, declining further from a 17.7% YoY drop in March and the YoY decline in housing starts also worsened to 44.2% in April from a 22.2% decline seen in March while China's infrastructure investment rose 3% YoY in April, down from the 8.8% YoY growth in March. Major steel consumers in the manufacturing sector also saw YoY decline in April, with vehicle production down 43.5%

China's oversupplied steel market could soon see some relief as the downtrend in demand is expected to bottom out in the near term. Improved demand outlook is expected to mostly stem from China's latest move of reducing property loan interest rates by 0.2 points for first-home buyers on 15 May, indicating that the country has shifted from deleveraging to supporting the property sector. Although this move will not reverse the downward trend in property sales or new home starts in the near term, it signals more supportive policies to be introduced to prevent uncontrolled default by cash-strapped developers, which will ease any further squeeze on steel demand.

China Iron and Steel Association’s Deputy Chairwoman Ms Qu Xiuli said “The steel industry is expected to achieve better performance as the overall Chinese economy expands and policy measures ensuring stable growth take better effect. Steel enterprises have adjusted their variety structure following changes in market demand and achieved stable supply prices during the first few months of this year. The industry has also achieved a balance between supply and demand during the first three months, and the profitability of steel enterprises has improved and shown month-on-month growth. The industry will continue promoting steady and sustainable development of industrial chains in the days to come.”
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Gerdau Upgrading Jackson Steel Plant in Michigan US

Strategic Research Institute
Published on :
17 May, 2022, 6:23 am

Jackson Sun reported that Gerdau has announced upgrades to its Jackson steel mill in Michigan in US. The investment will expand the location’s merchant bar product range and operational competitiveness, while improving the flexibility of Gerdau’s network of mills. The USD 67 million projects involve a variety of upgrades to Jackson’s rolling mill, roll shop, warehouse, and warehouse conveyer. Project completion is targeted for February 2024.

Gerdau Long Steel North America President Mr Chia Yuan Wang said “This marks the next step in Gerdau’s North American investment strategy, as we continue to modernize our operations to compete and grow in attractive markets. We are committed to providing our customers with world-class products and services.”

Gerdau Special Steel North America is an engineered bar producer headquartered in Jackson, Michigan, with world-class steel manufacturing plants in Jackson and Monroe, Michigan and Fort Smith, Arkansas. The company produces SBQ carbon and allow hot rolled and bright cold finished steel bar products. Gerdau is the leading producer of long steel in the Americas and one of the largest suppliers of special long steel in the world.
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Iran revokes rebar, HRC export duties
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Iran’s mining and trade ministry has revised export duty tariffs following tenders concluded by mills at lower prices amid a lack of demand. Tariffs have been revoked completely for rebar and hot rolled coil, and reduced for billet to 2%, slab to 5%, and iron ore concentrate to 5%, Kallanish understands.

According to market sources, billet tenders by Arfa Steel and Sisco Steel are expected to be announced this week at $575-580/tonne fob Iran amid low interest.

"Demand is insufficient and de facto prices for billets are lower than mills’ expectations of $600/t fob. Although mills have announced small-quantity sales for 3,000-5,000 tonnes at $600-610/t fob, destined to Persian Gulf countries, large-quantity sales are being concluded [only] at $590/t fob, for Southeast Asian markets,” an Iranian market source observes.

By revising the duties, authorities are responding to weak steel demand in Iran by ensuring Iranian material stays competitive on export markets, with competition particularly intense from Russian material at present.

Iranian rebar for the Iraqi and other export markets is heard hovering at $660-670/t fob Iran, as mills aim to induce interest. Also, Russian hot rolled coil through the Caspian Sea route is being offered at $750/t cfr Iran.

Burak Odabasi Turkey
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Everguard.ai Enhances Safety at SeAH Changwon Special Steel Plant

Strategic Research Institute
Published on :
18 May, 2022, 5:42 am

South Korean special steel maker SeAH Changwon Integrated Special Steel & Everguard.ai are partnering to bring Everguard's Sentri360 platform and ecosystem to the SeAH CSS plant located in Changwon in South Korea, to continue increasing the company's safety measures. Sentri360, a proprietary Worker-Centric AI technology platform, uses artificial intelligence powered by sensor fusion to gather input and data from multiple sources to continuously assess the workplace and proactively protect workers from incidents and accidents. Combining computer vision, sensor fusion, edge computing, and wearables, Sentri360 is the first truly proactive solution dedicated to industrial sustainability.

The Changwon plant deployment will begin with targeted Sentri Zones deployed in areas of highest safety concern. Sentri Zones are conscious areas created by the Sentri360 platform that digitally encircles workers and equipment for ultimate protection while also empowering the worker. Implementation will focus on safety protocols already in place including personal protective equipment compliance, virtual fencing of restricted areas, crane-to-crane collision avoidance, crane-to-worker incident avoidance, dangerous cobble events, and SOS/fall detection. The three-year deployment plan will encompass the entire Changwon facility, which spans over 6.9 million square feet.

Everguard's Sentri360 platform and interface allow industrial environments to create and manage a proactive safety and productivity program. The technology-agnostic platform collects inputs from different advanced sensor technologies, allowing them to interact in ways not possible independently. Similar to how humans process information gathered by their senses, sensor data is fed into edge computers for real-time AI analysis and processing. Within seconds, an intelligent decision is made and the platform acts to immediately prevent incidents. Not only does Sentri360 make sensor technologies work together, it makes them work smarter together. The platform's cloud-based management portal allows access to workforce and safety analytics enabling a worker-centric workplace. A culture of safety that includes reinforcing positive behaviors is integral to the prevention of accidents and incidents. Sentri360’s portal includes a coaching module that provides a methodical approach to safety compliance, resulting in positive behavioral modification among workers.

The expansion of the Sentri360 platform at the Changwon plant follows the start of a successful facility wide deployment of the system at the SeAH Besteel plant located in Gunsan in Korea which began in 2021.

Traditionally the steel industry, like all others, has been limited to a reactive approach to safety, using lagging indicators to develop new protocols or take corrective actions. Advanced technologies such as AI, CV and sensor fusion allow leading companies like SeAH CSS to proactively eliminate injuries and accidents before they happen, alerting workers while also gathering data for coaching purposes.

SeAH CSS is the only company in Korea that produces stainless steel wire and rod, the premium special steel materials. SeAH CSS has secured a comprehensive product portfolio centering on value-added alloy materials comprised of stainless steel wires, rods, seamless steel pipes, tool steel, and forged items. Through the batch production system at its production base located in Changwon, SeAH CSS manufactures 1.2 million tonne of steel and 1 million tonne of products a year.
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Lasso’s Steel-Built Home Processing Unit for Efficient Recycling

Strategic Research Institute
Published on :
18 May, 2022, 5:45 am

Worldsteel has highlighted that a revolutionary new approach to recycling aims to bring the process into people’s homes, guaranteeing closed loop recycling and product remanufacture. The Lasso system is a sleek, scaled-down industrial recycling facility that can fit inside the home alongside any other domestic appliance. Able to be installed using the same connections as a dishwasher, the unit can recycle glass, plastic and even metals.

Loading the Lasso is very simple, with separate trays for different plastics, colors of glass and metals. The machine will not run with materials in the incorrect placing, so there is no chance of contamination of recycling streams. This is made possible through special sensors and software that can analyses a material in seconds. This system can also integrate with local bottle deposit schemes, scanning barcodes and refunding credit to your account. Once all the materials are correctly placed, the user simply adds detergent and the unit begins its wash cycle. High pressure spraying removes labels, adhesives and any other debris or residue before the recycling is dried ready for the next phase.

Miniature granulators specially designed for each material to be processed in a manner that optimizes their remanufacture. Once they have been ground down, the materials are stored separately by their material and color. Lasso estimates that a standard household would need to empty their Lasso roughly once every 8-10 weeks. Users are notified that the unit is at capacity via the app or on the appliance itself. There are no specific collection days planned; instead users can simply book a no-fee pick-up through the app and be ascribed a timed slot for when a collection vehicle is able to reach their location. Then the removable product storage container can simply be taken to the street and the app will notify the user upon collection.

Unlike traditional street collection recycling systems, which have multiple material streams all mixed together, the Lasso produces recycled materials of far higher quality that can then be remanufactured into goods of similar value. This is a vast improvement on the efficiency of the current system where less than half of the materials collected for recycling are actually recycled, with the majority of this being remade into lower value products.

The Lasso is obviously an appliance that requires a high degree of material toughness. As such, its components will be largely manufactured form steel and stainless steel. This allows it to reliably process materials such as glass and other metals. Manufacturing predominantly from steel also means that the appliance itself can be near-fully recycled at the end of its useful life. Indeed, each Lasso unit is already made from 40% recycled steel, further emphasizing its closed-loop credentials. With just 2% of material globally being recycled in a closed loop, innovative, steel-built alternatives like the Lasso present a viable opportunity to lower environmental impacts and limit the extraction of raw materials.
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Metinvest Steel Production Dips 25% QoQ in Jan-Mar Quarter

Strategic Research Institute
Published on :
18 May, 2022, 5:48 am

Ukrainian steel maker Metinvest, whose plants were halted in late February after Russian invasion of Ukraine on 24 February 2022, has reported 25% QoQ dip in crude steel production in January March 2022 quarter

Crude steel - 1.962 million tonnes, down 25% QoQ & 8% YoY

Iron ore concentrate – 6.128 million tonnes, down 20% QoQ & 21% YoY

Coking coal concentrate -1.276 million tonnes, down 14% & up 29% YoY

Metinvesthad hot idled its major facilities shortly after Russia invaded Ukraine in late-February. The Kamet Steel plant is the only steel plant operating without stoppages. The Zaporizhstal steel works partly resumed production in late March and restarted two blast furnaces in early April. The company’s main steel plants Azovstal and Ilyich Steel in Mariupol were stopped amid ongoing severe shelling in the region.Until the active phase of the war is stopped and reliable communications channels with the metallurgical plants in Mariupol are re-established, it is not possible to assess its impact on the Group’s plants. The two plants in Mariupol were the main source of semi-finished steel products for the company’s rerolling facilities in Europe.

Metinvest Group is a Ukrainian vertically integrated group of steel and mining companies that manages mining and processing iron ore and coal to making and selling semi-finished and finished steel products. It was established on 6 June 2006 by the SCM Holdings. It controls 50% of the iron ore market, 46% of the coke market, and 40% of the metal products market in Ukraine’s domestic market. Metinvest's crude steel production capacity is 15 million tonnes per year. Metinvest companies are located in Ukraine, Europe & USA. Its main steel plants include

Azovstal iron and steel works in Ukraine

Illich Steel and Iron Works in Ukraine

Yenakiyeve Iron and Steel Works in Ukraine

Khartsyzsk pipe in Ukraine

Promet Steel AD in Bulgaria

Ferriera Valsider in Italy

Metinvest Trametal in Italy

Spartan UK in UK
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ResponsibleSteel Appoints Ms Heaton as New CEO to Lead Growth

Strategic Research Institute
Published on :
18 May, 2022, 5:51 am

The Board of ResponsibleSteel has appointed leading steel industry sustainability expert Ms Annie Heaton as its new Chief Executive Officer, effective 13 June 2022. Following an international search and selection process, led by a combined RS civil society and business selection panel, Ms Annie was chosen as the preferred CEO, from a strong field of candidates. Based in London, Ms Annie Heaton will lead the RS Secretariat to drive sustainability through the steel industry, with a keen focus on expansion in Asia and North America.

Ms Annie has spent the last eight years shaping ArcelorMittal’s sustainability agenda. Prior to this, she worked with the global renewable energy company RES and several non-profit organizations, including ActionAid and Save the Children.

A not-for-profit organization, ResponsibleSteel is the steel industry’s first global multi-stakeholder standard and certification initiative to maximize steel’s contribution to a sustainable society. This can only be achieved through cooperation and mutual commitment by companies at all levels of the steel supply chain, representatives of civil society and other stakeholders. ResponsibleSteel provides the forum for this multi-stakeholder approach.
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Var Energi Deploys TenarisHydril Wedge Series 600 in North Sea

Strategic Research Institute
Published on :
18 May, 2022, 5:54 am

Leading premium tubular solutions provider Tenaris has provided leading Norwegian pure-play oil and gas producer Var Energi with the first deployment of pipes for its Balder Future project in the North Sea with excellent operational results. Var Energi, with the support of Tenaris, developed a telescopic well design with up to 76 degree inclination that required tight clearance tolerances. The Norwegian oil and gas operator chose TenarisHydril Wedge 613 connections with Dopeless technology in 16 inches and TenarisHydril Wedge 623 connections with Dopeless technology in 13 3/8 inches for its well design due to its running performance combined with best-in-class industry testing. The two integral connections have high clearance along with robustness, easy and fast running resulting from the use of Dopeless® technology and its wedge-type threads.

The 16 inches string was set at 1,120 meters measured depth, while the 13 3/8 inches string at 3,495 meters measured depth. To allow for faster running and rig-time savings, the 13 3/8 inches pipes were run in double stands, thus increasing the speed of installation.

The first deployment of the strings for the Balder field was completed in early March, which included a total of 60 single joints of 16 inches Wedge 613 Dopeless, 56 (doubles) stands plus 116 single joints (228 joints total) of 13 3/8 inches Wedge 623 Dopeless. The joints were successfully run from the Seadrill West Phoenix semi-submersible rig, with zero rejects and zero remakes recorded during the run in-hole or stand-building activities.
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Gerdau Modernizing BFs, Steel Making & Rolling Mill of Divinópolis

Strategic Research Institute
Published on :
18 May, 2022, 5:58 am

Gerdau announced that it is undertaking technological and safety updates at Divinópolis plant in Minas Gerais in Brazil. The record investment of BRL 185 million is part of the BRL 6 billion investments package that the Company announced last year for Minas Gerais and will be directed to the modernization and improvement of systems and processes that will have significant impacts on environmental conditions and operational security. The company has been planning for 12 months to carry out projects in the steel shop, blast furnaces and rolling mills. For the renovations, it will be necessary to stop the unit.

Eleven projects were designed for the Blast Furnace area, totaling an investment of BRL 121 million, the largest share of the plan, for modernization of three blast furnaces. Blast furnace 2 will have a complete overhaul of the entire structural and refractory system. A partial renovation will be carried out in the refractories of blast furnace 1 and blast furnace 3. The gas washing system of blast furnace 1 will be replaced to improve the safety condition and performance of the operation. Blast furnaces 1 and 2 undergo works to enclose conveyor belts to improve environmental control, reducing wind interference and particulate emissions. The pulverized charcoal injection system will also be renovated of the blast furnace to reuse the fines from the bio reducer in the process. The cooling system will also undergo a structural revitalization.

The melt shop will undergo six interventions. One of the novelties will be the installation of a new thermography monitoring system, which allows a full-time analysis of pig iron and steel pans. Cameras enable better planning of equipment maintenance, for example.

Another axis of the plan is automation and improvement of lamination performance. A total of seven projects will be implemented. The improvements are aimed at optimizing resources and inputs such as water and energy and ensuring a cleaner process.

Gerdau has been present in Divinópolis in Minas Gerais, since 1994 with an integrated plant that combines the blast furnace, melt shop and rolling mill processes. Its main product is rebar used in civil construction. Since its foundation in 1994, the plant has already made several investments in the areas of safety, operational, administrative and environmental safety, reaching a total of BRL 1.6 billion in 2021.
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EU Steel Imports Surged by 43% YoY in 2021

Strategic Research Institute
Published on :
18 May, 2022, 6:03 am

European Steel Association EUROFER in latest Economic and steel market outlook 2022-2023 said that “Imports were volatile across 2020 and 2021, continuing a trend seen since 2019. After a short period of exceptionally weak demand due to the outbreak of COVID-19, imports surged for some products and showed volatility again over the second half of 2020. The increase became significantly more pronounced during 2021, particularly over the second and third quarter, when very high import levels mirrored the continued improvement in steel demand. Volatility went on over the fourth quarter. Total steel imports, including semis, into the EU rose considerably over the fourth quarter of 2021 by 43% YoY, after 48% in the third quarter), mirroring improved demand across the EU as well as high import penetration. Imports of finished products recorded a surge of 50% after 45% in the third quarter, as well as import of flat was 63% up after +52% in the third quarter and import of long was up 15% after+25% in the third quarter. Over the entire year 2021, imports of finished products rose by 35% YoY, after the 15 times drop recorded in 2020.”

In the fourth quarter of 2021, the main countries of origin for finished steel imports into the EU market were Turkey, India, the Russian Federation, South Korea and Ukraine. These five countries represented 51% of total EU finished steel imports. Turkey and India were the largest exporters of finished steel products to the EU with a share of 15.4% and 12.2% respectively, followed by the Russian Federation at 9%, Ukraine at 7.4% and South Korea at 6%.

Customs data show that both flat and long product imports increased by 63% and 15% respectively in the fourth quarter of 2021. The share of long products out of total finished steel product imports was 20%. Over the third quarter of 2021 imports of both flat and long products had increased as well by 52% and 25% respectively.

Within the flat product market segment, over the fourth quarter of 2021 imports of all flat products rose considerably. Imports of hot dipped increased particularly by 100%, as well as imports of cold-rolled sheet by 84%, coated sheet by 79% and hot-rolled wide strip by 68%. Imports of quarto plate increased more moderately by 10%. Correspondingly, all long product imports rose in the fourth quarter of 2021, with the exception of heavy sections down by 19%. Imports increased particularly for rebars by 39%. More moderate increases were recorded for merchant bars at 15% and wire rod at 10%.
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Ryerson Invests in FreeFORM Technologies

Strategic Research Institute
Published on :
18 May, 2022, 6:11 am

Chicago US headquartered leading processor & distributor of industrial metals Ryerson Holding Corporation announced its investment in FreeFORM Technologies, an additive manufacturing and engineering company specializing in metal additive manufacturing including metal binder jet 3D printing and metal injection molding. Founded in 2020, FreeFORM serves manufacturers in a multitude of industries and strategically aligns with Ryerson’s current and future customer base.

Ryerson’s Chief Operations Officer Mr Mike Burbach said “This investment in FreeFORM marks Ryerson’s entry into a partnership with strategically desired exposure to additive manufacturing. It is an important step forward allowing us to explore synergies, new opportunities and additional value-added capabilities with our customers as we look towards the emerging present and future of the metals industry.”

Saint Marys Pennsylvania based FreeFORM Technologies was formed to bring freedom of design to the customer and change conventional thinking of manufacturing. For decades, engineering and design have been boxed in by traditional manufacturing constraints machine capabilities, but status quo thinking as well. 3D printing has the potential to change all that. As one of the first service bureaus in metal binder jet additive manufacturing, which combines the speed and cost-efficiency of 3D printing with high temperature sintering to form parts with near full dense microstructures for printing 17-4PH, 304L, 316L, M2 Tool Steel, Inconel 718 grades

Ryerson is built on over 175 years of ingenuity, innovation, and hard work. Learn more about our legacy of delivering value and service in metal. From its modest start in 1842, the company has grown into a network of warehouses, service centers, and facilities with the capability and inventory to serve any metal need with operations in the United States, Canada, Mexico, and China. Founded in 1842, Ryerson has around 4,000 employees in approximately 100 locations.
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BlueScope Increases Earnings Guidance for H2 of FY2022

Strategic Research Institute
Published on :
18 May, 2022, 6:13 am

Australia’s leading steel maker BlueScope announced that it now expects underlying Earnings Before Interest & Tax, EBIT, for H2 of FY2022 to be in the range of AUD 1.375-1.475 billion, above the prior guidance range of AUD 1.2-1.35 billion, and is subject to spread, foreign exchange and market conditions. BlueScope said “The stronger outlook is driven by improved earnings expectations for North Star and the North America coated business due to better than expected realized steel prices and spreads in the United States. Expectations for BlueScope's other businesses remain broadly consistent with outlook comments provided in February. Australian Steel Products has seen softer than expected domestic dispatch levels, due to a range of supply chain disruptions including recent East Coast flood events, rail outages and pandemic-related impacts. This has been offset by stronger realized steel spreads combined with better than expected contributions from the downstream businesses. With the ongoing strength in raw material prices combined with continued supply chain disruptions, BlueScope expects net working capital employed to remain elevated during the current half.”

BlueScope Managing Director & CEO Mr Mark Vassella said “Throughout recent macroeconomic and geopolitical volatility, BlueScope has continued to demonstrate strength and resilience in its business performance. In the current strong demand environment, the entire BlueScope team is working as hard as they can to improve our service levels, which have been impacted by supply chain and pandemic-related disruptions.”
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EPA & ACHD Fine US Steel to Settle Air Pollution at Braddock

Strategic Research Institute
Published on :
18 May, 2022, 6:16 am

The US Steel Corporation will pay a USD 1.5 million penalty and make extensive improvements at its steel production facility in Braddock in Pennsylvania as part of a settlement announced by the Environmental Protection Agency and the Allegheny County Health Department for longstanding air pollution violations. The consent decree addresses numerous Clean Air Act violations dating back to 2016 at the steelmaking facility known as Edgar Thomson Works that occupies about 250 acres and employs about 900 workers. The one-mile radius around the facility is an area of potential environmental justice concern, exceeding the state average for the percentage of low-income populations and for minority populations.

Under the settlement, US Steel is required to make numerous improvements in training, monitoring and work practices to increase compliance and timely response to air pollution. Additionally, the company is tasked with conducting studies on potential improvements to its pollution control systems.

The primary pollutant of concern is particulate matter, including PM 2.5. Particulate matter contains microscopic solids or liquid droplets that are so small that they can be inhaled and cause serious health problems. Some particles less than 10 micrometers in diameter can get deep into your lungs and some may even get into your bloodstream. Particles less than 2.5 micrometers in diameter (PM2.5) pose the greatest risk to health, including susceptibility to respiratory diseases, including acute respiratory distress, asthma, chronic obstructive pulmonary disease, and lung cancer.

The Edgar Thomson Steel Works is a steel mill in the Pittsburgh area communities of Braddock and North Braddock in Pennsylvania. It has been active since 1872. It is currently owned by US Steel and is known as Mon Valley Works Edgar Thomson Plant. Mon Valley Works has an annual raw steel production capability of 2.9 million net tons.
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