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1. voda 5 augustus 2022 06:48

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   EVRAZ Reports USD 2.5 Billion EBITDA for H1 of 2022
   
   Strategic Research Institute
   Published on :
   5 Aug, 2022, 6:25 am
   
   Russian steel maker EVRAZ announced that consolidated EBITDA totaled USD 2.486 billion in H1 of 2022 up 19% YoY from USD 2,082 billion in H1 of 2021. The EBITDA margin declined to 30.7% from 33.7% in H1 of 2021. The increase in EBITDA was primarily attributable to higher coal product sales prices as well as better performance of North American assets. EVRAZ’s Chief Executive Officer Mr Aleksey Ivanov said “Recent geopolitical tensions have given rise to significant corporate governance and operating challenges for EVRAZ. On top of that, strong rouble, declining demand for our products and increased competition on EVRAZ’s traditional markets present additional headwinds. In H1 2022, steel demand went down amid growing worries over the health of the global economy and persistent supply chain challenges. There was bearish sentiment in China due to extended COVID-19 lockdowns, low margins and rising steel inventory. This led to a pullback in steel prices from recent highs across all key markets and especially in China, Europe and India.”
   
   Consolidated revenues - USD 8,097 million, up 31% YoY
   
   Profit from operations - USD 383 million, down 78.1% YoY
   
   Consolidated EBITDA - USD 2,486 million, up 19.4% YoY
   
   Net profit - USD 6 million, down 99.5% YoY
   
   CAPEX - USD 513 million, up 19.3% YoY
   
   The cash cost of slabs increased to USD 358 per tonne from USD 283 per tonne in H1 of 2021
   
   The cash cost of washed coking coal increased to USD 62 per tonne from USD 36 per tonne in H1 of 2021
   
   The cash cost of iron ore products increased to USD 56 per tonne from USD 40 per tonne in H1 of 2021
   
   EVRAZ said “On the other hand, geopolitical tensions are affecting the pricing of some Russian steel products selling abroad. Export price discounts might be in the range of USD40-80. In upcoming months, challenges will persist, so Evraz continues the process of adapting trade flows and supply channels.”
2. voda 5 augustus 2022 06:48

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   • voda

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   Egyptian K9 Artillery Program to use Australian Bisalloy’s Steel
   
   Strategic Research Institute
   Published on :
   5 Aug, 2022, 6:27 am
   
   Korean Hanwha Defense will be working with Australia’s Bisalloy for the steel involved in the USD 1.7 billion Egyptian K9 artillery program, leveraging the work done with the company under Land 8116 for the Australian AS9 and AS10 vehicles. An order is expected to be made in Q4 of 2022. Bisalloy Steels has already been working with Hanwha Defense for the supply of armored steel for the Huntsman program in Australia.
   
   Hanwha Defense entered into the agreement with the Government of Egypt in February of this year to supply substantial quantities of Self-Propelled Howitzers and Armored Resupply Vehicle. The contract is valued at around USD 1.7 billion for hundreds of the K9 Self-Propelled Howitzer, K10 Ammunition Resupply Vehicles, and K11 Fire Direction Control Vehicle with the SPH variant to be known as the K9A1 EGY. The K11 Fire Direction Control Vehicle is a new vehicle to be developed for the Egyptian military. Using the K9 chassis, the command-post vehicle will be equipped with a range of high-tech sensors and communication equipment in accordance with operational requirements of the Egyptian Army and Navy.
   
   Bisalloy Steels is Australia’s only manufacturer of high-strength, abrasion-resistant, quenched and tempered steel plate. Bisalloy steel is used for armor, structural, and wear-resistant steel applications. Bisalloy products are marketed under the brand BISALLOY. The company exports to countries throughout Asia, the Middle East, Europe, North America and South America. From its base in Unanderra in south of Sydney in NSW, Bisalloy Steels manufactures these products through a highly efficient, continuous flow process. Since starting in 1980, Bisalloy Steels has earned an outstanding international reputation for the quality of its products and technical support.
3. voda 5 augustus 2022 06:49

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   Wire Specialist Bekaert Reports Strong Results for H1 of 2022
   
   Strategic Research Institute
   Published on :
   5 Aug, 2022, 6:28 am
   
   Belgium headquartered leading wire producer Bekaert has delivered robust growth and a solid profit performance in the first half of 2022, driven by strong price realization and excellent operational performance. This was achieved despite increasing volatility, cost inflation, supply chain challenges, lockdowns in China, and weaker demand in selected geographies, compared to a very strong first half last year.
   
   Consolidated sales of EUR 2,859 million up 24% & and combined sales of EUR 3,456 million up 24%
   
   Gross profit of EUR 472 million, in line with a very strong first half last year at EUR 473 million
   
   Underlying EBITDA of EUR 381 million up EUR 5 million higher than for the same period last year
   
   Underlying EBITDA margin on sales of 13.3% down versus 16.3%
   
   Bekaert said “Our profitability ambitions for the medium term remain unchanged. However, the 2022 outlook remains particularly volatile due to macroeconomic and geopolitical turbulences. We therefore remain vigilant and will actively address further changes in market conditions. Similar to the agility demonstrated throughout the COVID pandemic, we will continue to align our business priorities with the market needs, further leverage our pricing discipline, and accelerate the execution of additional structural cost savings.”
   
   Bekaert purchases approximately 3 million tonnes of wire rod per year & depending on customers’ needs draws wire from it in different diameters and strengths, even as thin as ultrafine fibers of one micron. Bekaert groups the wires into cords, ropes and strands, weave or knit them into fabric or process them into an end product. Depending on the application, Bekaert applied coatings which reduce friction, improve corrosion resistance or enhance adhesion with other materials.
4. voda 5 augustus 2022 06:50

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   JFE Steel H Beams & Plates EcoLeaf Certified
   
   Strategic Research Institute
   Published on :
   5 Aug, 2022, 6:31 am
   
   Japan’s second largest steel maker JFE Steel has acquired EcoLeaf, the Japan EPD Program by SuMPO, from the Sustainable Management Promotion Organization SuMPO in Japan for five of its building-construction steel products, namely, H beams, Super High Slend H beams, extra thick H beams, construction-steel plates and construction steel columns. This is the second set of JFE Steel products to be certified under EcoLeaf following steel sheet for tinplate products.
   
   JFE Steel’s newly certified construction-steel products, which achieve high strength, weldability and cost performance, are widely used in steel structures ranging from houses to high-rise buildings. JFE Steel believes that the EcoLeaf system’s highly transparent disclosure of environmental impact will enable customers to use the company’s products with full confidence.
   
   EcoLeaf enables customers to quantitatively and objectively evaluate the environmental impact of products based on manufacturer data that has been confirmed fairly and reliably through third-party examinations and verifications.
5. voda 5 augustus 2022 06:55

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   ATI Reports Strong Results for Apr-Jun’22 Quarter
   
   Strategic Research Institute
   Published on :
   5 Aug, 2022, 6:33 am
   
   US’s specialty materials leader ATI Inc has reported sales of USD 959.5 million and net loss attributable to ATI of USD 38.0 million in April-June 2022 quarter, which include USD 115.9 million non-cash loss in 2022 for sale of the Sheffield UK operations. ATI Chair, President & CEO Mr Robert S Wetherbee said “Our strong second quarter financial results reflect both the expanding recovery within the commercial aerospace market and the ongoing transformation of ATI. The actions we took to ensure ramp-readiness and streamline our business and product portfolios are showing results. It is readily apparent in the expansion of our revenues and adjusted earnings versus prior year and prior quarter. Despite continued challenges in the global supply chain and labor environments, our teams are over-delivering on our commitments and positioning us for long-term success.”
   
   Sales – USD 959.5 million, up 56 %
   
   Adjusted EBITDA - USD 143.1 million, up 166 %
   
   Net Loss – USD 38 million, down 23 %
   
   High Performance Materials & Components 's second quarter 2022 sales increased 16% compared to the first quarter 2022 as commercial aerospace sales increased 27%, led by continued increasing demand for jet engine products. Overall aerospace and defense markets sales were 80% of total HPMC sales in the second quarter 2022. Sales improved 32% compared to the second quarter 2021, with sales of commercial jet engine products increasing 90% compared to the prior year period.
   
   Advanced Alloys & Solutions’ second quarter 2022 sales increased 14% compared to the first quarter 2022, and increased 79% compared to the prior year quarter, which were impacted by the multi-month labor strike largely at our Specialty Rolled Products business. Compared to the first quarter 2022, sales to the energy markets were 42% higher, led by chemical and hydrocarbon industry and specialty energy applications. Aerospace and defense market sales were 10% higher sequentially. Increased selling prices, resulting from higher base prices and elevated raw material pass-through mechanisms, also drove revenue increases.
   
   ATI said “Looking ahead to the third quarter, we expect ongoing strength in our key markets to drive profitable revenue growth. We expect increased revenues to offset traditionally lower seasonal volumes, routine maintenance outages and financial benefits from government programs and tariff refunds. We remain steadfastly focused on long-term value creation through sustainable revenue, margin and free cash flow growth. Our improving financial trends demonstrate the progress we are making toward our long-term financial targets, delivering value to our shareholders.”
   
   The foundation for ATI was created in 1996 with the merger of Southern California based Teledyne and Pittsburgh based Allegheny Ludlum Corporation. Teledyne was a rapidly growing, dynamic conglomerate of electronics and aerospace, industrial, and consumer products, born in the go-go tech boom of the 1960s. Allegheny Ludlum was a time-honored innovator in Pittsburgh’s legendary steel industry, with a heritage dating back to casting cannonballs to fight the British in 1776. Allegheny Technologies Incorporated, known today as ATI, is a USD 4.1 billion global specialty materials company that serves customers in aerospace, defense and other demanding markets.
6. voda 5 augustus 2022 06:55

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   Xingda Expanding Tyre Cord Factory in Thailand
   
   Strategic Research Institute
   Published on :
   5 Aug, 2022, 6:35 am
   
   Chinese steel maker Jiangsu Xingda Steel Tyre Cord has launched the expansion project of its Thailand plant. The total investment of the project is about CNY 1.6 billion (USD 237 million), the designed annual production capacity is 200,000 tonnes of steel cord, and the construction period is 24 months. The project has been officially approved by China’s National Development and Reform Commission recently. The expansion, once completed, would mark another big step forward in Xingda’s bid to globalize its production and strengthen its ties with the world’s leading tire makers.
   
   As a global leader in tire reinforcement, Xingda launched its Thailand plant in 2019. With a production capacity of 100,000 tons of steel cord per year, the plant boasts some of the most cutting-edge production equipment and technology as well as a high level of automation and intelligence-driven operation. Having hit full capacity thus far, the Thai plant allows Xingda to deliver high-quality products and solutions for tire makers in Southeast Asia, India, America and Europe.
7. voda 5 augustus 2022 06:56

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   Iron Ore Pellet Producer KIOCL Swings to Red in Apr-Jun’22 Quarter
   
   Strategic Research Institute
   Published on :
   5 Aug, 2022, 6:37 am
   
   Indian state owned iron ore pellet producer KIOCL Limited has reported net loss of INR 43.8 crores in April-June 2022 quarter down by 80% YoY on revenue of INR 385.3 crores down by 64% YoY. KIOCL’s performance is likely to deteriorate further in JJuly-September 2022 quarter as it has shut down its 3.4 million tonne per year capacity pellet plant in Mangalore in India in June 2022 as it had been rendered unviable by the imposition of the 45% export tax.
   
   KIOCL Limited, formerly Kudremukh Iron Ore Company Limited, is a government owned iron ore producer under Steel Ministry with its head office and administrative activities in Bangalore. It has a pelletization plant in Mangalore and had an iron ore mine in Kudremukh. It was setup in 1976 for mining and beneficiation of low grade iron ore at Kudremukh in Karnataka. KIOCL is having facilities to operate 3.5 million tonne per annum iron ore pellet plant & blast furnace to manufacture 0.216 million tonnes per annum pig iron at Mangalore.
8. voda 5 augustus 2022 06:56

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   Voestalpine Posts Record Performance in Apr-Jun’22 Quarter
   
   Strategic Research Institute
   Published on :
   5 Aug, 2022, 6:52 am
   
   Austrian steel maker Voestalpine successfully carried its excellent performance in the business year 2021/22 over into the first quarter of the business year 2022/23 in April to June 2022. Voestalpine CEO Mr Herbert Eibensteiner said “Voestalpine delivered extraordinarily strong results in its first business quarter. We are, however, aware of the potential risks that we may face due to the uncertainty of economic developments in the second half of calendar year 2022 and have prepared well for them.”
   
   Revenue for Q1 2022/23 rises 37.7% year over year to EUR 4.6 billion
   
   EBITDA is EUR 879 million (Q1 2021/22: EUR 522 million)
   
   Profit after tax is EUR 615 million (Q1 2021/22: EUR 259 million)
   
   Voestalpine said “Demand for the high quality products of the steel and technology Group was positive in all segments despite the difficult environment: the Russia Ukraine war, massive increases in energy prices, ongoing supply chain bottlenecks, and disruptions in logistics. Even the European automotive industry, which has had to contend with supply chain bottlenecks for over a year despite strong order levels, benefited from slight upward trends in the current business year’s first quarter. A clearly positive upward trend lifted the aerospace segment, which profited from rising passenger numbers in regional air traffic and the resulting increase in demand for single aisle aircraft. In the oil and natural gas segment, demand rose considerably year over year as well. The sharp increases in energy prices are creating incentives to invest in oil and natural gas projects; the conversion of the US protectionist tariffs Section 232 into a quota system with effect from 1 January 2022 is also having a positive impact on Voestalpine’s European production plants. The Railway Systems business segment posted stable performance again. Strong demand in the storage technology segment continues unabated and the photovoltaic segment, which voestalpine supplies with substructures, achieved record growth.”
   
   Voestalpine said “Economic forecasts became increasingly pessimistic over the course of the first quarter of the business year 2022/23. Due to the dampening sentiment, the voestalpine Group cannot assume a continuation of its earnings performance for the remainder of the business year 2022/23 on the record level posted for the first business quarter despite the high amount of order backlogs at the moment. The Management Board of voestalpine AG expects a significant cooling of the economy in the second half of 2022/23, with the corresponding impact on the company’s earnings. It is to be expected that this will affect especially the cyclical business segments of the voestalpine Group. Besides the flat steel business, this includes in particular voestalpine products that are delivered to the construction, mechanical engineering as well as consumer and white goods market segments. On the other hand, the prevailing positive momentum in the rail technology, energy, and aerospace sectors is expected to continue throughout the business year 2022/23. While the production output of the European automotive industry still falls substantially short of pre-crisis levels, developments in the reporting period indicate a moderate improvement. Strong order books of the car producers lead us to expect that demand will at least be stable during the remainder of the current business year. By contrast, if the supply chain bottlenecks are resolved, we may expect a marked improvement in demand from this segment. Based on its current estimates, therefore, the Management Board of voestalpine AG expects EBITDA of about EUR 2 billion for the entire business year 2022/23.”
   
   Voestalpine also said “The threat scenario of insufficient supplies of natural gas to Europe as a result of the political tensions arising from the Russian war of aggression on Ukraine has intensified over the past few months. At the time of preparation of this report, sufficient supplies of natural gas are available in Europe. However, the continuation of adequate supplies is the precondition for the outlook presented here regarding the business year 2022/23. Significant disruptions of supply chains are to be expected in many industrial sectors if gas supply in Europe comes to a standstill, if emergency plans go into effect, or if prices force producers to curtail production. Hence this outlook presupposes that Europe will continue to receive sufficient supplies of natural gas and that other risks, such as the general economic development, supply chain disruptions, developments regarding customer needs, raw materials, and energy prices, that can barely be quantified at this time, remain manageable.”
9. voda 5 augustus 2022 06:57

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   Outokumpu Reports EUR 923 Million EBITDA in H1 of 2022
   
   Strategic Research Institute
   Published on :
   5 Aug, 2022, 6:52 am
   
   Finland based leading global stainless steel producer Outokumpu’s sales increased to EUR 2.951 billion in the April-June 2022 quarter as compared to EUR 2.760 billion in April-June 2021 quarter and adjusted EBITDA amounted to EUR 547 million as compared to EUR 377 million in prior year quarter. Outokumpu’s President & CEO Mr Heikki Malinen said “Our strong performance continued in the second quarter. The past months have been eventful for Outokumpu. To mention a few of the key events of the second quarter, we launched the second phase of our strategy, introduced emission-minimized stainless steel product line Circle Green and announced our aim to achieve carbon neutrality at our Kemi chrome mine by 2025. In July, we announced that we will divest the majority of Long Products business area. This divestment represents a successful closing of the turnaround program, which was started two years ago.”
   
   Total stainless steel deliveries in Q2 declined by 7% while realized prices for stainless steel continued to further strengthen in Europe and also in Americas. Profitability was negatively impacted by increased maintenance costs and higher variable costs, mainly due to significant cost inflation in freight and consumable prices. Raw material-related inventory and metal derivative gains were significantly higher compared to the previous quarter, mainly due to positive timing impacts, and amounted to EUR 86 million
   
   During the first-half of 2022, Outokumpu’s sales increased to EUR 5.712 billion and adjusted EBITDA amounted to EUR 923 million. Total stainless steel deliveries in the first-half of 2022 were 1% higher compared to the same period last year. In 2022, profitability was driven by remarkably increased realized prices for stainless steel in both Europe and Americas and a higher ferrochrome sales price. However, fixed and variable costs increased compared to the previous year. Especially significant cost inflation in energy, freight and consumable prices burdened profitability. Raw material-related inventory and metal derivative gains amounted to EUR 43 million in the first-half of 2022
   
   Outlook for Q3 2022 “Group stainless steel deliveries for continuing operations* in the third quarter are expected to decrease by 10–20% compared to the second quarter. Prices for stainless steel in the already received orders have remained at a high level. The European ferrochrome benchmark price decreased to USD 1.80/lb for the third quarter. Energy costs are expected to increase in the third quarter and impact especially negatively business area Ferrochrome. Planned maintenance costs in the third quarter are expected to increase by approximately EUR 10 million compared to the second quarter. With current raw material prices, significant raw material-related inventory and metal derivative losses are expected to be realized in the third quarter. Adjusted EBITDA for continuing operations in the third quarter of 2022 is expected to be lower compared to the second quarter. Continuing operations is excluding the Long Products business units to be divested, which will be classified as assets held for sale, reported and restated as discontinued operations in Q3 of2022. Continuing operations represents approximately 90% of Group second-quarter adjusted EBITDA.”
   
   Outokumpu’s history began in 1910 with the discovery of copper in Kuusjärvi, Finland on a hill called Outokumpu, which literally means strange hill. Over the years, Outokumpu mined and refined various metals in Finland and abroad, before focusing solely on stainless steel in the 2000s.
10. voda 5 augustus 2022 06:58

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    • voda

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    Italy to Aid up to EUR 1 Billion to Acciaierie d'Italia
    
    Strategic Research Institute
    Published on :
    5 Aug, 2022, 6:54 am
    
    Italy 24 News reported that Italian Minister of Labor Mr Andrea Orlando and Minister of Economic Development Mr Giancarlo Giorgetti while meeting with the representatives of Acciaierie d'Italia, the former ILVA, the trade unions, Confindustria and the regions have promised financial aid to the steel company so that it can overcome the liquidity crisis, which will be defined by a specific rule of the Aid bis decree. While the financial aid was not specified, it is estimated to be between EUR 500- million & EUR 1 billion euros as EUR 1 billion was mentioned by Mr Giorgetti during another meeting with the company and the unions on 23 June.
    
    Mr Orlando said “The conditions exist to carry out an intervention. It will be an intervention that determines the necessary liquidity. It will not be subject to third party approvals but substantial and solid. I say this having knowledge of the hypotheses on the table being discussed.”
    
    From the Ministry of Economic Development they said that the support provision for Acciaierie d'Italia envisaged by the Aid bis decree will contain measures aimed at supporting the company's operations: both as regards liquidity, in order to relaunch steel production and protect the workers, both in relation to the procurement costs of raw materials and energy.
    
    Acciaierie d'Italia is the company that manages, among others, the ILVA plant in Taranto in Puglia. It is set up by ArcelorMittal’s Am InvestCo Italy and Ministry of Economy & Finance’s investment arm Invitalia.
11. voda 5 augustus 2022 06:59

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    • voda

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    Nippon Steel Expects Crude Steel Volume Decline in FY 2022-23
    
    Strategic Research Institute
    Published on :
    5 Aug, 2022, 6:54 am
    
    Japan’s largest steel maker Nippon Steel has recorded a net profit of JPY 244.14 billion (USD 1.82 billion) in April-June 2022 quarter as compared to a net profit of JPY 172.31 billion in the same period of the previous year, while the company's net sales amounted to JPY 1.92 trillion, increasing by 28% YoY. Nippon Steel produced 8.69 million tonnes of crude steel, down by 15% YoY while its steel product shipments amounted to 8.19 million tonne down by 101% YoY
    
    Nippon Steel Executive Vice President Mr Takahiro Mori said “Domestic steel recovery might be delayed due to higher energy and natural resource prices, with Japanese demand in construction and manufacturing expected to weaken. However, Nippon Steel aims to maximize profits through various measures to improve the earnings structure and passing on higher costs of raw materials and fuels to product prices.”
    
    Nippon Steel expects its crude steel production to be approximately 17.50 million tonne both in the first half and second halves of the current year & expects a profit of JPY 300 billion for the first half and of JPY 600 billion for the full financial year
12. voda 5 augustus 2022 06:59

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    US Steel Kosice & CEZ Ink Pact for Decarbonization
    
    Strategic Research Institute
    Published on :
    5 Aug, 2022, 6:55 am
    
    US Steel’s Slovakian subsidiary US Steel Kosice & Czech leader in the field of modern energy &decarbonization CEZ have entered into a non-binding memorandum of cooperation to form strategic partnership until 2025 with the possibility of extension. The memorandum concerns cooperation in the field of emission-free electricity, the construction of renewable sources, energy efficiency and savings, and the development of climate-friendly innovative solutions. The companies have entered into a non-binding memorandum of cooperation to form strategic partnership the subject of which will be the analysis of the future energy needs of USSK, and cooperation regarding the supply of steel mills with emission-free electricity from renewable and nuclear sources or the introduction of energy-saving measures and measures to reduce the climate footprint
    
    The partners agreed on the need to analyze the energy needs of the Kosice operation in the area of energy savings and long-term energy supply.
    
    ESCO Slovakia will conduct a comprehensive analysis of the current state of energy in US Steel Kosice and its subsidiary Ferroenergy and, based on the conclusions of this analysis, will propose solutions that will bring energy savings and reduce emissions and energy costs. CEZ and ESCO Slovensko will, in particular, carry out an analysis of
    
    Cooperation on innovative and energy-saving solutions in the potential implementation of some decarbonization projects
    
    Possibilities of supplying the energy-intensive operation of steel mills with purely emission-free electricity from nuclear and renewable sources
    
    The construction of new renewable resources directly on the site of the steel mills
    
    Introduction of additional measures to reduce greenhouse gas emissions by increasing energy efficiency
    
    Use of subsidy titles for all above solutions
    
    The partnership of U. S. Steel Kosice, CEZ and ESCO Slovakia has already produced the first concrete results. ESCO Slovakia in Kosice has, for example, analyzed the possibility of decentralizing the production of compressed air, modernizing the heat supply, and is applying for the reconstruction of the central exchange station.
13. voda 5 augustus 2022 09:24

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    Philippine wire rod import market lacks direction
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    Exporters have raised offer prices for wire rod in the Philippines this week, Kallanish notes. This is in tandem with increased optimism that regional steel markets would mirror the firming Chinese steel market. However, a drop in the Chinese domestic billet market on Thursday reflects the volatility in markets.
    
    Traders are offering 6.5mm SAE 1008 blast furnace regional wire rod for September/October shipment at $580-585/tonne cfr. Last week, small 1,000-3,000t cargoes of regional wire rod transacted at $570/t cfr Manila.
    
    “The market is very quiet,” a Manila trader says. He and others say that rising political tension between mainland China and Taiwan is the latest negative factor affecting trade.
    
    Blast furnace wire rod from Indonesia and Malaysia were offered on Tuesday at $560/t fob and $550/t fob respectively, a Chinese trader says. The mills were planning to hike prices further but, with the retreat in Chinese steel futures, he thinks they will now lower prices. The backslide in Chinese futures is due to the conflict with Taiwan, he says. The above-mentioned Malaysian wire rod is offered at $585/t truck-delivered to Singapore, a Singapore trader reports.
    
    Another Manila trader hears but is unable to confirm an order for regional wire rod at $575-580/t cfr Cebu. This is a workable price level “given what has transpired the past few months and the current global economic and geopolitical atmosphere, that can change very quickly,” he observes. Mills and traders continue to sell on the basis of "whoever blinks first loses," he adds. This means whichever party urgently needs to buy or sell must compromise.
    
    Kallanish assessed SAE 1008 6.5mm diameter wire rod on Thursday at $570-575/t cfr Manila, up $2.5/t on-week.
    
    On Thursday, domestic billet in Tangshan slipped by CNY 50/t ($7/t) to CNY 3,710/t after gaining CNY 210/t since 28 July. Thursday's price drop deters import buying, Chinese traders say. A regional trader reports hearing the latest bids from China for billet imports at $495/t cfr, adding that no bookings have transpired yet. Several traders heard Iranian billet, possibly 50,000 tonnes, was ordered at $510/t cfr China during the recent price rally.
    
    Anna Low Singapore
14. voda 5 augustus 2022 15:01

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    Steel Price Outlook August 2022
    
    Certain information set forth in this presentation contains “forward-looking information”, including “future-oriented financial information” and “financial outlook”, under applicable securities laws (. Except for statements of
    historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds
    from, the sale of the shares being offered hereunder; (iii) the expected development of the Company’s business, projects, and joint ventures; (iv) execution of the Company’s vision and growth strategy, including with respect
    to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company’s projects; (vi) completion of the Company’s projects that are currently underway, in development or otherwise
    under consideration; (vi) renewal of the Company’s current customer, supplier and other material agreements; and (vii) future liquidity, working capital, and capital requirements. The referenced price outlook and
    commentaries are created by for information purposes only. Such prices do not represent a forecast, estimate or projection of future prices and should not be relied upon as such by readers. Actual future prices may vary,
    perhaps materially, from those set out herein.
    
    Voor meer, zie de link:
    
    mcusercontent.com/beaaea865472b505990...
15. voda 8 augustus 2022 07:03

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    • voda

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    Researcher Leverage ML to Understand Bulk Metallic Glasses
    
    Strategic Research Institute
    Published on :
    8 Aug, 2022, 6:03 am
    
    Metallic glasses, created by quenching of molten alloys, lack crystalline structure resulting in distinctive property combinations for diverse potential applications, from golf clubs to transformer cores. However, glass formation in metals is poorly understood, greatly restricting the development of novel alloys. Many empirical rules and criteria aiming to describe the glass-forming ability of alloy compositions have emerged since metallic glasses were first discovered in 1959, but they have limited predictive power and do little to advance fundamental understanding. University of Cambridge’s Department of Materials Science & Metallurgy researchers RM Forrest & AL Greer have applied the fourth paradigm of scientific research by training a machine-learning model of glass-forming ability on a large dataset of experimental measurements, not merely to produce a predictive tool, but also to extract theoretical insights. While recovering several established empirical criteria, they identified an important relation between glass-forming ability and the electronic structures of the elements in an alloy. Novel alloy compositions with high glass-forming ability and also crystalline high-entropy alloys may be systematically designed by selecting elements to induce mutual changes in atomic radii.
    
    Metallic glasses are created from molten metal alloys by cooling at a rate fast enough to prevent any significant degree of crystallization. The lack of time for transition into a crystalline ordering leaves the atoms in a liquid-like structure.2 Alloy compositions for which it is possible to produce samples with a minimum thickness of 1–10 millimeters are referred to as bulk metallic glasses, while others may be obtainable only as thin glassy ribbons. The amorphous structures of metallic glasses give them interesting properties, with potential applications in many areas, from sporting equipment to aircraft and automotive components. The relative novelty of metallic glasses s means further glass-forming alloy compositions are awaiting discovery, with the promise of meeting previously inaccessible requirements for applications.
    
    The ability of an alloy composition to resist arrangement into an ordered crystalline phase upon cooling is referred to as the glass-forming ability. The glass-forming ability of an alloy composition may be directly quantified via the maximum achievable diameter of a rod cast into a fully glassy state, Dmax. Predicting the glass-forming ability of alloy compositions is a central goal in MG research. This research is plagued by empirical rules and trial-and-error experimentation, with frustratingly many proposed criteria for glass-forming ability, each often published with claims of superiority yet limited proven applicability. The present work explores the power of the burgeoning ‘fourth paradigm’ of scientific discovery, that being the utilization of data to train machine-learning models of physical phenomena, which in turn inform our theoretical understanding.
    
    Machine-learning involves the creation of models that can improve their performance via exposure to data. Materials science is no exception to the rapid spread of Machine-learning as a research tool. Machine-learning approaches to materials science use the vast amount of experimental data now available to model the physical laws governing observed phenomena. Neural networks, in particular, are commonly applied in Machine-learning and have been widely used within materials science to model atomic interactions, predict synthesis routes,15 reconstruct structures from imaging, identify phases and transitions, predict welding criteria, predict material properties and to predict the existence of novel materials, among others.
    
    Researchers said “Leveraging this insight and the predictive ability of the ensemble neural-network model, we make a number of suggestions for novel binary and ternary glass-forming alloy systems that will exhibit increases in the deviation of atomic radii due to the balancing of electron density. In the search for these alloy systems, lithium frequently appears due its combination of small radius and low nWS, and has been seen elsewhere in the literature as an addition to alloy compositions which increases glass-forming ability. We emphasize the need for more data to be published on glass-forming alloy compositions, both detailing the successful creation of glassy alloys but, importantly, also failed attempts. This is essential to avoid the study of BMGs becoming entrenched in well-trodden areas of composition-space, dependent on empirical rules. Further, the relative lack of BMG-forming alloy compositions with large Dmax presents a significant challenge to ML, as little information is provided from which to learn the rules that determine their existence. Nevertheless, the transferability of our model is successfully tested via k-folds cross-validation. Future work in this direction may consider more advanced theories than the Thomas–Fermi model for electron density, such as the Thomas–Fermi–Dirac model which includes the exchange energy, or a full density-functional theory treatment. In addition to nWS, we identify several other features to be important to the neural-network model, of which deeper investigation may return further useful insights into glass formation.”
16. voda 8 augustus 2022 07:06

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    • voda

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    NLMK's Expanding Milk Production to Come in Top 5 in Russia
    
    Strategic Research Institute
    Published on :
    8 Aug, 2022, 6:15 am
    
    Russian steel maker Novolipetsk Iron & Steel Works is implementing a project to support agriculture. The company is completing the construction of dairy farming complexes in the Tver and Kaluga regions and the Altai Territory, the work of which will increase the supply of natural milk to the population by 180,000 tonnes per year. NLMK acts as a technical customer, organizes project financing and construction management using the best practices of automation, environmental friendliness and product safety, and also ensures the implementation of lean manufacturing principles to reduce losses. The company has selected the most efficient equipment from world manufacturers, which allows achieving the highest possible crop yields in the current climatic conditions, high productivity and milk quality.
    
    Three complexes in the Tver region are under construction with a total livestock of 25,000 heads, including 8,600 dairy herds, and a milk production volume of more than 105,000 tonnes per year. In terms of the number of cattle, this will be one of the largest agricultural clusters. For future employees of the farms, a residential village with cottages and townhouses is being built. Together with local governments, the repair and construction of road infrastructure is being completed.
    
    Another complex in the Altai Territory is under construction with a total livestock of 6,000 heads, including 2,500 dairy herds, and a milk production volume of more than 30,000 tonnes per year. In 2023, the repair of the road infrastructure, which is being carried out by the administration of the Altai Territory, will be completed.
    
    Also reconstruction in the Kaluga region will ensure the growth of the dairy herd from 2,400 to 8,000. Today, the enterprise produces up to 30,000 tonnes of milk per year, after construction is completed, the capacity will be more than 45,000 tonnes of milk per year.
    
    The construction of all facilities will be completed in the second quarter of 2023. The total investment will amount to RUB 27 billion. After the construction is completed, the companies of the RUMELCO group will be involved in the operation. The capacities of the complexes will allow the group to enter the top 5 producers of raw milk in Russia. RUMELCO is already developing crop production to provide animal feed, and its own feed will cover 80% of the needs of livestock complexes. In the Tver, Kaluga regions and Altai Territory, RUMELCO owns land plots with a total area of 47,000 hectares. According to the results of the harvesting campaign in 2021, the harvest amounted to about 135,000 tonnes. To ensure crop production, RUMELCO operates a fleet of about 500 units of modern self-propelled and trailed equipment, including 40 grain and forage harvesters and more than 100 tractors with a total value of 3.5 billion rubles.
17. voda 8 augustus 2022 07:07

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    AMNS India Sponsors Kho Kho Franchise Odisha Juggernauts
    
    Strategic Research Institute
    Published on :
    8 Aug, 2022, 6:17 am
    
    Express News Service reported that ArcelorMittal Nippon Steel India has inked a pact with Odisha Sports Development & Promotion Company to become principal team sponsor of State’s Kho Kho franchise Odisha Juggernauts. OSDPC Chairman Mr R Vineel Krishna said “Odisha government has taken up development of sports as a key thrust area. Our players have been performing exceptionally well at the national level in indigenous sports like Kho Kho. We are committed to further develop and promote such sports which can attract rural talent.”
    
    The agreement was signed last week ahead of Odisha Juggernauts’ participation in the inaugural Ultimate Kho Kho League, a national tournament scheduled to start from 14 August in Pune.
18. voda 8 augustus 2022 07:08

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    • voda

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    Mertex UK to Acquire German Pipe Maker Rohrwerk Maxhütte
    
    Strategic Research Institute
    Published on :
    8 Aug, 2022, 6:19 am
    
    British distributor of pipes & metals Mertex UK has last month announced the asset purchase agreement with German pip maker Rohrwerk Maxhütte. Rohrwerk Maxhütte, located in the Franconia region of northern Bavaria in Germany, has been threatened with closure several times over the last 20 years, after the shutdown of its blast furnace in the 1990s. In December 2021, it filed for insolvency again. The mill makes seamless pipe mainly for the automotive, shipbuilding, and offshore industries. Its annual revenue is reportedly around EUR 100 million, achieved with a staff of 460.
    
    Rohrwerk Maxhütte has several lines to produce hot-finished tube with 21.3-139.7mm outside diameter and 2.3-13mm wall thickness, as well as cold-finished tube with 4-120mm outside diameter and 1-11mm wall thickness.
    
    Mertex UK Limited is a privately-owned company, registered in England and Wales. It describes itself as a leading, diversified, natural resources group with renowned specialised activity in trading, manufacturing and processing of line pipe, and OCTG such as casing, tubing and drill pipe.
19. voda 8 augustus 2022 07:08

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    BaoSteel Develops 1.5GPa CR Steel for Automotives
    
    Strategic Research Institute
    Published on :
    8 Aug, 2022, 6:22 am
    
    Chinese steel giant BaoSteel has recently developed 1.5GPa ultra high strength gigapascal cold rolled dual phase steel for lightweight automotive. The low alloy highly formable DP1500 CR was jointly developed by Baosteel and a customer. The target part is a new model beam, which requires good bending performance on the basis of ultra-high strength and high elongation and low risk of delayed cracking. The automotive sheets of this strength have been used for butt welding of bumpers, anti-collision beams, seat beams, battery pack frames, etc.
    
    Giga steel refers to high-strength automotive steel with a tensile strength of more than 1000 MPa, which has the characteristics of high strength, high elongation, good bending properties, high yield ratio and high hole expandability.
20. voda 8 augustus 2022 07:09

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    Industries Qatar Reports Strong Results for Steel Segment
    
    Strategic Research Institute
    Published on :
    8 Aug, 2022, 6:24 am
    
    Industries Qatar reported that steel segment net profit was QAR 621 million in H1 of 2022, up by 25% YoY. Improved segmental profit was mainly driven by higher revenues, which increased by 11% YoY to QAR 2.459 billion. Additionally, segment's associate that produces iron oxide pellets, Foulath Holdings, reported commendable financial results against a backdrop of improved operations. Growth in revenue was mainly driven by higher selling prices which increased by 13% on a year-on-year basis, mainly driven by higher steel and iron ore prices prevailing internationally. Sales volumes remained relatively flat, against a backdrop of softening domestic demand.
    
    Production – 1.979 million tonne, up 27% YoY
    
    Sales volumes – 0.968 million tonne, down 1% YoY
    
    Average selling price – QAR 698 per tonne, up 13% YoY
    
    On a quarter-on-quarter basis, segmental profit increased by 38% versus Q1 of 2022 mainly on account of lower operating cost. Segment revenue declined by 11% due to decline in sales volumes which declined by 18% on the back of muted demand. On the hand, selling prices improved by 8%. Improved performance from Foulath Holdings also contributed positively towards segment's current period profits.
    
    Industries Qatar is a Qatari conglomerate with subsidiaries and investments in the petrochemicals, fertilisers and steel industries. Mesaieed based Qatar Steel produces DRI, HBI, billets and rebars. Established in 1984, Bahrain Steel, wholly owned by Foulath, is a leading producer of iron-ore pellets used in the production of steel. It operates two pelletizing plants in the Kingdom of Bahrain with a total capacity of 11.0 million tonnes per year.