ArcelorMittal LU1598757687

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1. voda 8 december 2022 07:34

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   thyssenkrupp Materials Services Acquires Westphalia DataLab
   
   Strategic Research Institute
   Published on :
   8 Dec, 2022, 5:38 am
   
   thyssenkrupp Materials Services has acquired the data analysis and data science company Westphalia DataLab with effect from 5 December 2022. Westphalia DataLab was founded in Münster in 2017 and offers its customers consulting and development services in the field of Data Science. In 2020, the company won the German Artificial Intelligence Award. With the purchase, the largest mill-independent materials distributor and service provider in the western world expects to strengthen its expertise in digital supply chain services and accelerate the development of concrete solutions.
   
   As part of its "Materials as a Service" strategic development, thyssenkrupp Materials Services is investing in new digital business models, particularly in supply chain services. The potential for digital solutions to make supply chains more resilient and reduce CO2 emissions is huge. Against the background of the dynamic market environment, thyssenkrupp isfocusing on innovations here and opening up new business areas
   
   For example, forecasting solutions are used to improve service levels for customers and reduce their inventories with the help of data analysis along the supply chain. One project in this area is the Artificial Intelligence-based solution pacemaker, which is currently being further developed in the company thyssenkrupp Materials DataflowWorks.
   
   The acquisition of Westphalia DataLab GmbH is intended to further advance the product maturity and market launch of pacemaker. For this purpose, the company will be bringing in highly qualified employees with a strong level of expertise in validating, implementing, and, scaling predictive AI and data science projects.
2. voda 8 december 2022 07:35

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   Trinecké Železárny Starts Trials of Steel Bar Peeling Line
   
   Strategic Research Institute
   Published on :
   8 Dec, 2022, 5:38 am
   
   Czech steelmaker Trinecké železárny has put it into trial a modern fully automatic line, the construction of which the mill started last year. The investment exceeded CZK 700 million. Steel bars with a diameter of 30 to 80 millimeters come out of the new peeling line of Trinecké železárny with an accuracy of hundredths of a millimeter and without surface defects.
   
   The steel bars undergo automated material quality control using an online X-ray fluorescence spectrometer. The entire output section, in which the steel bars are bundled, preserved and packaged, is also automated. It includes the environmentally friendly processing of waste steel chips, which are crushed on site and then briquetted for further use.
   
   The new peeling line has a capacity of 90 kilotons per year. Its commissioning has increased total capacity of peeled bars in Trinec to 150,000 tonnes per year
   
   This is the second technology at Trinecké železárny that increases the added value of the production of round steel bars. The first one started operation in 2014. Bar and profile steel is the second best-selling product of the largest Czech metallurgical company. Of the total production volume of 2,400,000 tonnes last year, bar and section steel accounted for nearly 540,000 tonnes.
3. voda 8 december 2022 07:40

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   Bekaert Inks Solar Energy PPA in US with Origis Energy
   
   Strategic Research Institute
   Published on :
   8 Dec, 2022, 5:39 am
   
   World’s steel wire & advanced wire products leader Bekaert has entered into a 28 MW Virtual Power Purchase Agreement with Origis Energy. With this new agreement, Bekaert will offset all carbon emissions from its electric energy consumption in the US by 2025. Bekaert will source electricity from a 27.7 MW solar farm in Texas in US. Origis Energy, a major solar developer based in Miami, Florida, will develop, construct, and operate the solar facility. The solar farm is projected to be operational by year-end 2024.
   
   This is Bekaert’s second VPPA in the United States, adding to the 35 MW VPPA signed in 2019. These two renewable energy facilities are expected to fully offset all carbon emissions from electricity used by Bekaert’s operations in the United States, representing a major step to
   
   In line with the company’s sustainability ambition to reach Carbon Net Zero, Bekaert takes action to continuously decrease its direct and indirect greenhouse gas emissions by improving the energy efficiency and by increasing the proportion of energy supply from renewable sources. Through the investment in new renewable energy projects, Bekaert enables the addition of green energy capacity and increases the proportion of its renewable energy supply.
4. voda 8 december 2022 07:42

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   Outokumpu to Supply Emission-Minimized Stainless Steel to Klöckner
   
   Strategic Research Institute
   Published on :
   8 Dec, 2022, 5:39 am
   
   Global stainless steel giant Outokumpu’s emission minimized stainless steel gaining share in the industry after cooperation with European steel distributor Klöckner & Co. Outokumpu is starting cooperation with Klöckner & Co, one of the largest producer-independent distributors of steel and metal products, by delivering the first coil made of emission-minimized stainless steel. From 2023 onwards, the companies intend to supply larger quantities of the product.
   
   Outokumpu has ambitious targets in terms of sustainability and is further shaping the stainless steel market by setting a new benchmark with its Circle Green product line, launched in June 2022.
   
   Outokumpu’s Circle Green is classified in the best, so-called ‘Prime’ category in Klöckner & Co's new categorization for stainless steel. By this collaboration, Klöckner & Co will be able to significantly expand its portfolio of CO2-reduced materials, services, and logistics under the new umbrella brand Nexigen.
   
   Outokumpu’s Circle Green production was the first of its kind globally, as no other stainless steel manufacturer has been able to produce stainless steel with such low emission levels when taking into account all the climate emissions from raw material extraction through the whole production chain. Circle Green is available today and will contribute to further decarbonizing the industry sector.
5. voda 8 december 2022 07:42

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   US Steel Imports Surge by 10% MoM in November
   
   Strategic Research Institute
   Published on :
   8 Dec, 2022, 5:40 am
   
   The American Iron and Steel Institute has reported that US’s steel import permit applications for the month of November totaled 2.113 million net tons. This was a 9.6% MoM decrease from the 2.336 million permit tons recorded in October and a 12.6% decrease from the October final imports total of 2.416 million net tons. Import permit tonnage for finished steel in November was 1.891 million net tons, down 3.9% from the final imports total of 1.968 million net tons in October. The estimated finished steel import market share in November was 23%
   
   Steel imports with large increases in November permits vs. October final imports include pressure tubing (up 99%), oil country goods (up 50%), tin free steel (up 44%), hot rolled bars (up 21%) and plates in coils (up 21%). In November, the largest steel import permit applications were for Canada (561,000 NT, down 11% from October final), Mexico (422,000 NT, down 38%), South Korea (202,000 NT, up 13%), Brazil (202,000 NT, down 22%) and Germany (108,000 NT, up 37%).
   
   For the first eleven months of 2022, total and finished steel imports were 28.747 million NT and 23.527 million NT, up 0.6% and 14.7%, respectively, from the same period in 2021. The estimated finished steel import market share in is 24% year-to-date
   
   Products with significant year-to-date (YTD) increases vs. the same period in 2021 include standard pipe (up 51%), line pipe (up 50%), oil country goods (up 45%), heavy structural shapes (up 41%) and wire rods (up 37%). Through the first eleven months of 2022, the largest suppliers were Canada (6,311,000 NT, down 2%), Mexico (4,899,000 NT, up 16%) and South Korea (2,673,000 NT, up 7%).
6. voda 8 december 2022 07:44

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   EMW Stahl Service & Salzgitter Join Hands for Green Steel
   
   Strategic Research Institute
   Published on :
   8 Dec, 2022, 5:40 am
   
   German steel processor & distributor EMW Stahl Service and German steelmaker Salzgitter Flachstahl have now concluded an agreement on the supply of a specified quantity of "green" steel. An initial delivery will be made following the successful conversion to low CO2 steel production under the SALCOS, Salzgitter Low CO2 Steelmaking transformation program.
   
   EMW Stahl Service intends to increase its sales of green steel products in the coming years. As from the end of 2025, the Salzgitter Group will gradually convert its steel production to hydrogen-based processes. The goal is to achieve virtually CO2-free production as from the year 2033.
   
   EMW Stahl Service has already featured as a customer for many years and expressed strong interest at an early stage in purchasing steel produced at Salzgitter Flachstahl GmbH with low CO2 emissions.
   
   As one of the largest independent Steel Service Centres, the EMW Steel Service Centre supplies coils, slit-strips, cut-to-size formats and circular blanks to the steel processing industry. In over 45,000 m² of storage space, EMW has around 220,000 tonnes of thin steel sheet permanently in stock. Almost all current market grades are constantly available for delivery: standard and special grades, mainly hot-dip and electrolytically galvanized, cold-rolled, warm-rolled and hot-dip aluminised, but also plastic or organically coated (Granocoat). Among the company’s specialities are a wide range of high-quality automobile grades, high-tensile steels, grades for enamelling and the highly efficient organisation of transport logistics.
7. voda 8 december 2022 07:44

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   NIBE to Supply Steel Plates for Floating Dock to Goa Shipyard
   
   Strategic Research Institute
   Published on :
   8 Dec, 2022, 5:41 am
   
   India’s leading steel fabricator NIBE, formerly known as Kavita Fabrics, has received Letter of Award from Goa Shipyard Limited for supply of mild steel and high tensile steel plates with shot blasting and priming for Main Hull and Superstructure of Floating Dock for a total consideration of INR 25.18 crores.
   
   Supplies are to completed by 14 February 2023
8. voda 8 december 2022 07:44

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   South Korea Orders Truckers to Return-to-Work in Steel Sector
   
   Strategic Research Institute
   Published on :
   8 Dec, 2022, 5:41 am
   
   South Korean Government has expanded its return-to-work order for striking unionized truckers, ordering drivers who serve the steel and petrochemical industries to get back to work. South Korea’s Prime Minister Mr Han Duck-soo revealed the decision during an extraordinary Cabinet meeting as he noted that the strike by unionized truckers has entered its 15th day, dealing serious blows to the nation’s economy and industries. The prime minister said it was inevitable for the government to expand the back-to-work order amid concerns that the damage from the prolonged strike could expand to key industries, including semiconductors, and drive the nation’s economy into crisis.
   
   Mr Han said the latest step is an “special effort” by the government to protect the nation’s economy from a crisis and urged striking truckers to end their walkout and promptly return to work.
   
   He also stressed that the government stands by its stance that it will hold to account those responsible for the strike.
   
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   Since 24 November, thousands of cargo truck drivers have staged the strike to demand the extension of a freight rate system guaranteeing minimum wages.
9. voda 8 december 2022 07:45

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   L&T Bags Contracts for AM/NS India’s Hazira Expansion
   
   Strategic Research Institute
   Published on :
   8 Dec, 2022, 5:42 am
   
   India’s infrastructure giant L&T Construction’s Minerals & Metals Business has secured Mega Contracts valued more than INR 7000 crores in the Iron & Steel and Beneficiation sectors from AM/NS India to carry-out their expansion plans in Gujarat and Odisha. The orders comprise various packages
   
   1. Installation of two blast furnaces of 3.5 million tonnes per year capacity each on an EPC basis at Hazira Plant in The scope inter alia includes associated supplies, construction, installation of both units – Blast Furnaces 2 and 3 concurrently in a phased completion.
   
   2. Installation of a Steel Melt Shop of 6 million tonnes per year capacity with detailed design and engineering for the entire plant, supply of identified items and complete construction. The scope includes plant layout, installation of steel making facility, Secondary Metallurgy, and Slab Casting units concurrently
   
   3. Building a 6 million tonnes per year Ore Beneficiation Plant at Sagasahi in Odisha on an EPC
10. voda 8 december 2022 07:45

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    India’s Steel Exports Included under RoDTEP Scheme
    
    Strategic Research Institute
    Published on :
    8 Dec, 2022, 5:42 am
    
    Indian Government has extended export benefits under Remission of Duties and Taxes on Exported Products scheme to steel for exports made during 15 December 2022 till 30 September 2023. According to the notification of the Director General of Foreign Trade “Additional export sectors & items are being added under RoDTEP for exports made from December 15 this year and shall be applicable till September 30, 2023." The expanded list of eligible export items will increase from current 8,731 export items to 10,342 items.”
    
    The announcement said “Taking a major step to boost exports, Centre today further expanded the scope of RoDTEP Scheme by including the exports made from the chemical sector, pharmaceuticals sector and exports of articles of iron & steel. "In the present times, when exports are facing headwinds on account of signs of recession in some of the developed markets and supply chain disruptions on account of Russia-Ukraine conflict, extension of RoDTEP to uncovered sectors like chemicals, pharmaceuticals and articles of iron and steel is likely to enhance the export competitiveness of these sectors.”
    
    The scheme is being implemented from 1 January 2021 and the rebate is issued as transferable electronic scrip by the Central Board of Indirect Taxes & Customs in an end-to-end IT environment.
    
    It said that this was a long standing demand of the steel industry, which has been accepted.
    
    RoDTEP is based on the globally accepted principle that taxes and duties should not be exported, and taxes and levies borne on the exported products should be either exempted or remitted to exporters. The scheme rebates & refunds the embedded central, state and local duties & taxes to the exporters that were so far not being rebated refunded.
11. voda 8 december 2022 07:46

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    Indian Steel Consumption in November up 13% YoY
    
    Strategic Research Institute
    Published on :
    8 Dec, 2022, 5:43 am
    
    According to preliminary data from the Joint Plant Committee India's crude steel production jumped 5.6% YoY to 81.9 million tonnes, finished steel production in November has been estimated at 9.55 million tonnes, up 3% YoY, while finished steel consumption came to an estimated 9.66 million tonnes, up 13% YoY
    
    Finished steel exports - 330,000 tonnes in November 2022, down 53% YoY
    
    April-November 2022
    
    Finished steel output - 77.7 million tonnes, up 6% YoY
    
    Finished steel consumption - 75.3 million tonnes, up 12% YoY
    
    Finished steel exports - 4.3 million tonnes, down 55% YoY
    
    Finished steel imports - 3.8 million tonnes, up 23% YoY
12. voda 8 december 2022 07:47

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    China's Iron Ore Imports & Steel Exports Pick Up in November
    
    Strategic Research Institute
    Published on :
    8 Dec, 2022, 5:44 am
    
    General Administration of Customs said that China imported 98.85 million tonnes of iron ore in November 2022 as buyers stocked up before the end of the year in anticipation of Beijing's measures to support the struggling property market up by 4% MoM from 94.98 million in October's but down by 6% YoY from 105 million tonne in November 2021. From January to November, China imported 1.02 billion tonnes of iron ore, down 2% YoY
    
    China’s steel product exports in November 2022 were 5.59 million tonnes, up by 8% MoM & up by 28% YoY from 4.36 million in November 2021. Exports in the first 11 months of the year were up 0.4% YoY at 61.95 million tonnes.
    
    China's finished steel imports came to 752,000 tonnes in November, down 3% MoM & 47% YoY. In the January-November period this year, China imported 9.867 million tonnes of finished steel, down 26% YoY.
13. voda 8 december 2022 10:21

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    Fortescue Appoints Ms Fiona Hicks as New CEO for Metals Group
    
    Strategic Research Institute
    Published on :
    8 Dec, 2022, 4:31 am
    
    Fortescue Metals Group announced that Mrs Fiona Hick, most recently Executive Vice President Australian Operations of Woodside Energy, will join Fortescue as Chief Executive Officer of Fortescue Metals in February 2023. Fiona will report to the Fortescue Board, along with Fortescue Future Industries CEO, Mr Mark Hutchinson.
    
    Fiona, along with Mark, will lead Fortescue in its transition to a truly global green metals and energy company. Fiona will deliver Fortescue's global metals strategy – to be the most successful iron ore operator in the world, to lead exploration and development into critical minerals and rare earths, and to decarbonise Fortescue in partnership with FFI, creating significant additional value for shareholders.
    
    Fiona is a very experienced executive having held several senior operational leadership roles in Woodside Energy over the last 20 years including in engineering; health, safety, environment and quality and strategy, planning and analysis. She is responsible for all of Woodside’s operations across Australia including operating and assimilating into Woodside the Australian energy assets of BHP.
    
    Fiona is the current President of the Chamber of Minerals and Energy of Western Australia, a Member of the Strategic Resources Committee of the University of Western Australia, and a past Chair of the Environmental Science Committee of the Australian Petroleum Production and Exploration Association. She is a Graduate of the Australian Institute of Company Directors and holds a Bachelor of Applied Science and Energy Studies from Murdoch University and Bachelor of Engineering (Honours) from the University of Western Australia. She is an Associate Fellow of the Australian Institute of Management and a Fellow of the Institute of Engineers. She won the 2019 Chamber of Minerals and Energy Western Australia's Outstanding Woman in Resources Award. Prior to joining Woodside, Fiona worked for five years with Rio Tinto, both in corporate and site-based operational roles in the Pilbara.
14. voda 8 december 2022 10:52

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    Advies van Goldman Sachs over Arcelor Mittal
    Beurshuis Goldman Sachs
    Aandeel ArcelorMittal
    Datum 08 december 2022
    Advies Neutraal
    Koersdoel 26,00 EUR
    
    Detail advies
    LONDON (Trivano.com) - Op 8 december 2022 hebben de analisten van Goldman Sachs hun beleggingsadvies voor ArcelorMittal (MT; ISIN: LU1598757687) herhaald. Het advies van Goldman Sachs voor ArcelorMittal blijft "neutraal".
    
    Het koersdoel wordt door de analisten verhoogd van 25,00 EUR naar 26,00 EUR.
15. voda 8 december 2022 14:44

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    Beursblik: ArcelorMittal meest aantrekkelijk
    
    Morgan Stanley verwacht tactisch herstel.
    
    (ABM FN-Dow Jones) ArcelorMittal biedt binnen de staalsector de meest aantrekkelijke verhouding tussen risico en rendement. Dit concludeerden analisten van de Amerikaanse zakenbank Morgan Stanley donderdag.
    
    Volgens de analisten is bij mijnbouwers, in tegenstelling tot staalproducenten, de verwachte heropening van China al grotendeels ingeprijsd.
    
    De tegenwind voor staalproducenten zal waarschijnlijk ook afnemen, wat ruimte biedt voor een "tactische koersherstel" vanaf de huidige lage niveaus, waarbij ArcelorMittal volgens de bank de beste kansen biedt.
    
    Hoewel het herstel in 2023 vermoedelijk wankel zal zijn, verhoogde Morgan Stanley de taxaties. IJzererts en aluminium blijven de beste keuzes, maar de bank waarschuwt voorzichtig te zijn met koper.
    
    Het aandeel ArcelorMittal noteerde donderdagmiddag 3,1 procent hoger.
    
    Door: ABM Financial News.
    
    info@abmfn.nl
    
    Redactie: +31(0)20 26 28 999
16. voda 8 december 2022 15:20

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    Decoding India’s Secondary Steel Market
    
    Zie pdf, bron Steelguru

    Bijlage:
17. voda 8 december 2022 15:24

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    USSK idles second blast furnace
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    US Steel Kosice (USSK) has shut down a second blast furnace until early 2023 due to high energy costs and low demand, a company spokesman confirms to Kallanish. Two of the firm’s three BFs are now idle.
    
    The firm idled blast furnace no.2 on 4 September. This was initially supposed to be for a 60-day planned maintenance, but the unit remains off line.
    
    USSK reduced shipments 19% on-year in the third quarter to 867,000 net tons. Raw steel production dropped 26% to 946,000nt, giving capacity utilisation of 75% versus 101% a year earlier. Besides demand headwinds, results were also negatively impacted by escalating energy costs, which parent company US Steel said it expects will also remain high.
    
    Nine-month-through-September shipments fell 7% on-year to 3.04 million nt, with raw steel production down 13% to 3.25mnt, giving capacity utilisation of 87%. Net sales rose 13% to $3.5 billion but Ebitda fell 26% to $577m.
    
    Amid recent reports Metinvest was mulling acquiring USSK, the Ukrainian steelmaker said its interest in the Slovak steelworks may resume in future but the invasion of Ukraine by Russia is currently dampening any acquisition potential.
    
    Adam Smith Poland
18. voda 9 december 2022 07:00

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    IEEFA Highlights MENA as Potential Hub for Green Steel & Metallics
    
    Strategic Research Institute
    Published on :
    9 Dec, 2022, 5:47 am
    
    Institute for Energy Economics & Financial Analysis in a recent report has highlighted that the Middle East & North Africa region has the high-grade iron ore supply, existing DRI capacity, green hydrogen potential and renewable energy resources necessary for producing green steel, putting it at an advantage worldwide. Recently, a number of major global steelmakers and iron ore producers have announced projects in the Middle East and North Africa region that are focused on producing high-grade iron ore, DR-grade pellets, low-carbon DRI and green hydrogen.
    
    Emirates Steel Arkan, the UAE’s largest steel and building material producer, announced in October 2022 that it is working on producing DRI in Abu Dhabi in collaboration with two Japanese companies ITOCHU as a supplier of high-grade iron ore and JFE Steel as one of the end users of the DRI. The UAE project, which is in the feasibility study stage, is expected to commence in the second half of 2025 and supply ferrous raw materials to steel producers in Asia. The project’s technology would initially be a gas-based direct reduction with the option of using green hydrogen in the future to reduce the project’s carbon footprint. The studies are focused on establishing a steel raw material hub in Abu Dhabi to meet the increasing demand for fossil-free steel.
    
    In November 2022, Brazilian miner Vale, the third-largest iron ore miner and largest producer of iron ore pellets in the world, signed a memorandum of understanding with Saudi Arabia’s National Industrial Development Center to construct an iron ore pelletising plant in Ras Al-Khair Industrial City. The plant would have an annual capacity of 4 million tonnes and USD 1.1 billion CAPEX. It would also be Vale’s second investment in the MENA region after its pelletising plants commenced in Oman in 2011. In another November announcement, Vale revealed its intention to establish green briquette megahubs in the Middle East. Vale will provide iron ore fines to three concentration plants in Saudi Arabia, UAE and Oman. This will be agglomerated into green briquettes of a grade high enough to be used in DRI furnaces.
    
    In North Africa, ArcelorMittal signed a MoU in May 2022 with the second-largest iron ore miners in Africa SNIM to assess the possibility of developing a pelletisation and DRI plant in Mauritania. The project would take advantage of the country’s potential for renewable energy and green hydrogen production. Energy giant bp signed an MoU with Mauritania during COP27 to evaluate green hydrogen production potential in that country.
    
    Jindal Shadeed Group announced in December that they would invest more than US$3 billion in green steel in Oman by 2026. The company operates a steelmaking plant with a capacity of 2.4 million tonnes annually using gas-based DRI technology and aims to build a new plant that can use green hydrogen with an annual capacity of 5 million tonnes to make green steel. MENA’s manufacturers will consume up to 40% of production, and the rest will be exported to meet green steel demand worldwide, focusing on special automotive products for producers in Europe and Japan.
    
    These announcements and investments from major global players in steel, iron ore and energy underline the MENA region’s potential to play a key role in the steel transition by becoming a green metallics (green HBI/DRI) and green hydrogen producer and exporter. MENA has significant advantages over other regions of the world when it comes to steel decarbonisation. It already has the key ingredients for producing green steel – an expanding supply of DR-grade iron ore, a fleet of operational DRI plants that could be converted to use green hydrogen, cheap renewables through excellent solar radiation resources that could be harnessed to make that green hydrogen, and enough space and lands for allocating to such large-scale green projects. It is also a prime geographic location for exporting raw materials and finished products.
19. voda 9 december 2022 07:01

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    BlueScope & Former GM Mr Ellis Tried to Induce Steel Price Fixing
    
    Strategic Research Institute
    Published on :
    9 Dec, 2022, 5:47 am
    
    In civil cartel proceedings brought by the Australian Competition & Consumer Commission, the Federal Court has found that BlueScope Steel and its former general manager of sales and marketing Mr Jason Ellis engaged in cartel conduct in relation to the supply of flat steel products in Australia. The Court found that between September 2013 and June 2014, BlueScope and Mr Ellis attempted to induce eight steel distributors in Australia, and overseas manufacturer, Yieh Phui, to enter agreements to fix and raise the level of pricing for flat steel products supplied in Australia.
    
    ACCC Commissioner Ms Liza Carver said “The Court has found that BlueScope, which is one of Australia’s largest companies, and its former senior executive, Jason Ellis, attempted to induce competitors to enter into price fixing arrangements. If successful, these attempts would have resulted in agreements between competitors which reduced price competition in the Australian flat steel market and increased prices for flat steel products which are widely used in Australia.”
    
    Ms Carver added “Cartels not only disadvantage other businesses which are competing lawfully, but can also lead to consumers paying higher prices. This is an important decision which has the potential to strengthen the ACCC’s position in future cases of attempted cartel conduct. This should serve as a strong warning to all businesses and individuals that even attempting to reach a price fixing arrangement with one or more competitors may have very serious consequences, on both a corporate and personal level. Corporations and individuals involved in cartel conduct may face either ACCC civil enforcement action or potential criminal charges brought by the Commonwealth Director of Public Prosecutions.”
    
    A hearing on penalties and other orders has been set down for 3 April 2023. In addition to seeking penalties against both BlueScope and Mr Ellis, the ACCC is also seeking an order disqualifying Mr Ellis from managing corporations for a period to be determined by the Court.
    
    This decision comes after Mr Ellis was convicted and sentenced in December 2020 for inciting the obstruction of an ACCC investigation, as a result of his conduct encouraging two other BlueScope employees to give false information and evidence to the ACCC during its investigation of the cartel conduct.
    
    A cartel exists when businesses agree to act together instead of competing with each other. Conduct can include price fixing, sharing markets, rigging bids and controlling the output or limiting the amount of goods and services.
20. voda 9 december 2022 07:01

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 24 apr 2024

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    Metinvest's Saving Lives Launches Prosthetics for Ukrainians
    
    Strategic Research Institute
    Published on :
    9 Dec, 2022, 5:48 am
    
    Ukraine’s leading steelmaker Metinvest's humanitarian initiative "Saving Lives" has introduced a large-scale program for prosthetics and rehabilitation of military and civilians in Ukraine. Metinvest said “Since the beginning of full-scale Russian aggression, the need for prosthetics for Ukrainian military and civilians due to hostilities has increased significantly. As the war in Ukraine progresses, the number of people who have lost limbs will continue to increase. Often, those who need prostheses do not know where to start and where to turn for help. In addition, not everyone can independently pay for prosthetics, the cost of which starts from several tens of thousands of euros. That is why "Saving Lives" decided to help the victims return to a full life.”
    
    The first area of the initiative's work will be prosthetics and rehabilitation of Metinvest employees defending the country in the Armed Forces of Ukraine. About 7 thousand employees of the company joined the ranks of the Armed Forces of Ukraine. "Saving Lives" together with the Project to support prosthetics in Ukraine and their partners ProsthetiKa and Razom for Ukraine will take care of organizational and documentary issues related to the prosthetics of victims. The first nine people are already receiving help and waiting for their dentures. The program includes preparation for prosthetics, installation of prostheses and further observation in Ukrainian clinics, as well as physical and psychological rehabilitation. At the first stage, the program will cover 16 employees of the company and their family members who are in Ukraine and abroad.
    
    In the near future, the program is planned to be expanded to attract war veterans and civilians in the regions where Metinvest operates.