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1. voda 21 februari 2023 06:56

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   South Korea Unveils Steel Decarbonization Plan
   
   Strategic Research Institute
   Published on :
   21 Feb, 2023, 5:13 am
   
   South Korea plans to create a KRW 150 trillion (USD 117 million) fund to provide assistance for steel makers' transition to a low-emission production structure and to boost competitiveness. South Korean Ministry of Trade, Industry & Energy has decided to set up an alliance for cooperation and policy coordination in the first quarter of this year and to launch the fund for decarbonization projects, which will be used when their current KRW 150 billion fund for the industry's environmental, social and corporate governance runs out.
   
   The strategy aims to lay the foundation for the steel sector to evolve and includes plans such as ensuring stable ferrous scrap supply and replacing blast furnaces with hydrogen direct reduction reactors.
   
   Ministry said “Ensuring a stable supply of ferrous scrap is especially important given a likely increase in global demand for ferrous scrap, which is an essential raw material for electrical arc furnaces, as countries seek to decarbonize. Global steel scrap demand was at 690 million tonne in 2021 and will rise to 1.26 billion tonne by 2050. Countries have also started to restrict ferrous scrap exports. Ferrous scrap is currently treated as waste under South Korea's Waste Management Act and is subject to various regulations, resulting in a lack of an institutional foundation for fostering it as a resource industry. Motie will consequently consult the country's environment ministry to exclude ferrous scrap from the act by recognizing it as a circular resource, and also review legislation to support business activity such as scrap manufacturing.”
   
   Ministry said “Second, South Korea aims to replace 11 blast furnaces with 14 hydrogen direct reduction reactors by 2050. The government will set aside KRW 26.9 billion over 2023-25 to finish developing the hydrogen direct reduction technology by 2025, with hydrogen used instead of coal to reduce iron ore. It will also secure a budget to conduct a 1mn t demonstration by 2030. Motie expects the introduction of this technology to cut the steel industry's carbon emissions by 85% or 86 million tonne, from 101.2 million tonne in 2018. There will also be an investment of KRW 240 billion by 2030 to develop technology to minimize carbon emissions in existing blast furnaces and EAFs through fuel substitutions and high-efficiency EAFs. This is in light of the amount of time introducing hydrogen direct reduction technology will take.”
   
   Ministry said “Third, South Korea plans to shift towards developing high-value steel products, in response to changes in material demand from major industries such as automobiles and shipbuilding. This is especially for high-manganese steel that can withstand cryogenic environments such as LNG and liquefied hydrogen storage tanks.”
   
   Ministry said “Lastly, South Korea will consider taking countermeasures to trade barriers and exports in efforts to boost steel exports, including consulting with the EU about its carbon border adjustment mechanism that levies a tax on imports with high carbon intensities. The country sees new steel demand from emerging markets such as the Middle East, India and the ASEAN countries, with plans to continue negotiations for free trade agreements.”
2. voda 21 februari 2023 06:57

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   China, India & US Top List of Most Climate Vulnerable Regions
   
   Strategic Research Institute
   Published on :
   21 Feb, 2023, 5:15 am
   
   According to Climate risk specialists XDI’s recent report, 80% of the top 50 most at-risk states and provinces in 2050 are in China, the United States or India. China is home to 16 of the 20 global regions most vulnerable to climate change. After China, the US has the most high-risk states with 18 states in the top 100, while 9 territories from India are in the top 50.
   
   World's Most Vulnerable Territory
   
   1. Jiangsu Province
   
   2. Shandong Province
   
   3. Hebei Province
   
   4. Henan Province
   
   XDI assessed more than 2 600 regions worldwide, using climate models together with weather and environmental data to assess the economic damage that temperature rises could wreak by 2050. The study is based on a 3-degree Celsius increase in temperatures by the end of the century, under a scenario drawn up by the Intergovernmental Panel on Climate Change. The data showed that some of the engine rooms of the global economy face catastrophic hazards such as rising sea levels, river flooding and wildfires, which could also depress property prices and deter investment. XDI Chief Executive Mr Rohan Hamden said “We're already feeling the significant impacts of weather events around the world, and they will only increase. Finally, we just want to make sure that every investment decision is made in a climate-resilient way.
   
   XDI's co-founder Mr Karl Mallon added “While climate is likely to become increasingly decisive when it comes to determining the flow of capital, it remains to be seen whether it will deter investment in more vulnerable regions. There is a lot to be done to work out which areas in the world are potentially adaptable and defendable, and which are probably the areas we will see abandoned in due course.”
3. voda 21 februari 2023 09:09

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   EU coil buyers question uptrend sustainability
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   Coil prices are currently climbing in northwestern Europe but some observers express doubt over the sustainability of the uptrend.
   
   ArcelorMittal’s price announcement of €820/tonne ($877) for hot rolled coil has been followed by other mills, according to a Dutch service centre (SSC) buyer. One argument for mid-term stability is rising prices for imports from Asia, and delivery times stretching to 4-5 months, he says.
   
   A Swiss trader, however, cautions there could be a contrary effect with imports. The low prices until December encouraged orders from India, which will arrive later in spring, along with additional volumes not yet pre-sold and free for the market, he tells Kallanish. However, if buyers in Europe are reserved because of real demand remaining shaky, the stockists of this additional material may reduce prices to shift volumes, thereby pulling down prices.
   
   Another factor is the “comeback” of blast furnaces. “Spanish customers tell me the mills are fully booked, and of course they are, when they are running at half their capacity,” a Scandinavian trader points out. But that should soon change, given the run-up of blast furnaces at four mills since January, including Gijón, “with more material coming onto the market soon”, the SSC buyer says.
   
   However, he also points at one previously unforeseen and macabre factor – the earthquake in Turkey/Syria and its devastating consequences. The damage to road infrastructure leading to Turkish mills and to Iskenderun port will mean inquiries are redirected to mills in other countries for material normally bought from Turkey, he says. He even believes this incident encouraged northwest European mills to go for the latest price hikes.
   
   Christian Koehl Germany
4. voda 22 februari 2023 06:43

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   US Steel Production Capacity Utilization Slips in Week 7
   
   Strategic Research Institute
   Published on :
   22 Feb, 2023, 5:03 am
   
   American Iron & Steel Institute reported that in week ending on 18 February 2023, US domestic raw steel production was 1.654 million net tons while the capability utilization rate was 74.0%. Production was 1.755 million net tons in the week ending 18 February 2022 while the capability utilization then was 80.8%. The current week production represents a 5.8% decrease from the same period in the previous year. Production for the week ending 18 February 2023 is down 0.6% from the previous week ending 11 February 2023 when production was 1.664 million net tons and the rate of capability utilization was 74.4%.
   
   Southern: 724,000 net ton
   
   Great Lakes: 512,000 net ton
   
   Midwest: 202,000 net ton
   
   North East: 154,000 net ton
   
   Western: 62,000 net ton
   
   Adjusted year-to-date production through 18 February 2023 was 11.426 million net tons, at a capability utilization rate of 73.0%. That is down 6.3% from the 12.199 million net tons during the same period last year, when the capability utilization rate was 80.3%.
5. voda 22 februari 2023 06:44

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   POSCO ICT to Become POSCO DX
   
   Strategic Research Institute
   Published on :
   22 Feb, 2023, 5:05 am
   
   Korean media has reported that POSCO’s information technology provider POSCO ICT plans to change its name to POSCO DX in March, which refers to digital transformation. The board of POSCO ICT approved the change of name in a meeting on 18 February. The name change will be finalized at a shareholders meeting on 20 March As POSCO ICT succeeded in turning a profit in one year last year based on DX businesses such as industrial robot engineering and returned to the KRW 1 trillion club in 9 years, it seems that it is considering using DX as its mission.
   
   POSCO Holding has already applied for a patent for the trade name POSCO DX to the Korean Intellectual Property Office.
   
   The POSCO Group has begun changing the names of some of its affiliates. It is part of reorganizing the brand image in line with the new vision of’ Global Eco-friendly Future Materials Representative. In addition to POSCO ICT, POSCO Group is considering changing the names of some of its subsidiaries, including POSCO E&C, POSCO A&C and POSCO Chemical, in the first half of this year. This is because it is judged that the existing mission does not sufficiently cover the new businesses that have been promoted by affiliates since the transition to the holding company system. Except for POSCO Chemical, it is an old mission that has been used for over 10 years. POSCO E&C has been using it since 2002, and POSCO A&C and POSCO ICT have been using it since 2010.
6. voda 22 februari 2023 06:45

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   Levmet Re Enters Steel Trading
   
   Strategic Research Institute
   Published on :
   22 Feb, 2023, 5:07 am
   
   Argus has reported that Monaco-based physical & derivatives commodities trading firm Levmet has re-entered the steel market with the launch of its subsidiary Steelmet International. London-based Steelmet will trade all major products, including hot-rolled and cold-rolled coil, hot-dip galvanised, billet, rebar, wirerod and scrap. Mr Julian Coates, previously of trading firms Cargill and Macsteel, will lead Steelmet. Mr Giulio Thuburn is commercial director of the business. Mr Coates said “Steelmet will also offer tailored financial and risk management solutions.”
   
   Levmet Chairman Mr Paul Chivers, Levmet Chief Executive Mr Andrew Campbell, Mr Coates, and Mr Thuburn are directors of Steelmet
   
   Levmet traded European hot-rolled coil swaps as far back as 2015, when there was a contract on London-based LCH.Clearnet. It now has a more widely adopted risk management tool at its disposal in the CME Group's north European HRC contract.
   
   Established in 2012, Levmet is a physical and paper trading business with our holding company in Malta and headquarters in Monaco. Levmet is a physical, futures and options trader specializing in raw materials, base materials and ferrous metals. The business is primarily focused on trading metals including copper, aluminium, zinc, nickel and bulk materials including solid fuels.
7. voda 22 februari 2023 06:45

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   Everest Industries to Set up Steel Buildings Division in AP
   
   Strategic Research Institute
   Published on :
   22 Feb, 2023, 5:09 am
   
   Everest Industries Limited has announced that the Board of Directors of has approved CAPEX of INR 125 crores to set up a new manufacturing facility for ESBS through a wholly owned subsidiary or by the Company at Gudipalli in Andhra Pradesh or any other appropriate location in South India, subject to the receipt of requisite approvals. The CAPEX would enhance the existing capacity of 72,000 million tonne to 114,000 million tonne for ESBS Division. It is expected that CAPEX, funded by a mix of internal accruals and debt, would be operational by 31 March 2024.
   
   Mumbai headquartered Everest is one of India’s leading and fastest growing complete building solutions providers. Incorporated in 1934, Everest has a rich history in manufacturing of building materials and Pre-Engineered Steel Buildings. Everest is today a leader in designing, manufacturing and erection of modern Pre-Engineered Steel Buildings, Smart Steel Buildings and Industrial Roofing & Cladding.
8. voda 22 februari 2023 06:46

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   Posco Holdings Shareholders to Vote for HQ Relocation to Pohang
   
   Strategic Research Institute
   Published on :
   22 Feb, 2023, 5:11 am
   
   Yonhap has reported that South Korean steel giant POSCO’s holding unit POSCO Holdings may relocate its headquarters to Pohang in North Gyeongsang Province 375 kilometers southeast of Seoul, as is now up for a shareholders’ vote at the general meeting on 17 March. The board of directors of POSCO Holdings held a meeting on 21 February to decide on the relocation of its headquarters. Many expressed concerns, saying the relocation is not necessary. But the board decided to discuss the agenda following an agreement made between the company’s top brass and Pohang residents.
   
   There are around 200 POSCO Holdings employees working at POSCO Center in Gangnam in southern Seoul. They were transferred when the group established the holdings firm in March last year.
   
   The location of the POSCO Holdings headquarters was not a big issue in the beginning. However, it gained traction during the country’s local elections last year, when politicians attacked POSCO Group over its decision to establish its holdings firm in Seoul instead of Pohang, home to the group's core business. The group then negotiated with a civic group of Pohang residents to change the address of the headquarters by March 2023, while promising that the company would establish its R&D base in the region. But the civic group later additionally demanded Posco Group redeploy POSCO Holdings employees to Pohang as well, along with the relocation of the headquarters. The civic group also protested the group’s decision to build an R&D branch in the Greater Seoul area, which it argued would take researchers away from Pohang.
9. voda 22 februari 2023 06:47

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   Iskenderun Based Mills Gearing to Supply Rebar for Reconstruction
   
   Strategic Research Institute
   Published on :
   22 Feb, 2023, 5:14 am
   
   Turkish Dunya has reported that preliminary work has started for the reconstruction of earthquake hit 10 provinces in Turkey. While a situation survey was conducted to determine whether there would be a problem in the supply of materials for the completion of the constructions, steel and cement producers associations have confirmed they have sufficient capacity.
   
   Turkish Iron & Steel Producers Association TDÇÜD Secretary General Mr Veysel Yayan said that “At the Council of Ministers meeting, we were asked whether there is a capacity to meet the need for 4 million tonnes of rebar in 4 months, and the capacity of our industry is more than capable of meeting this. We have a production capacity of over 20 million tonnes. As soon as there is a demand from the ministry, all member companies will take steps to meet the need.”
   
   Mr Yayan added that “There will be no price increase in this period, and that if there are special practices of the state regarding the earthquake, this will be reflected in the prices as a discount.”
   
   There are 7 steelmakers in the earthquake zone and there is no serious damage to facilities of ISDEMIR, Tosyali, Ekinciler, Yazici, MMK Metalurji, Koç Metalurji located in the region and some have already started the process to resume production
   
   Turkish Cement Industrialists' Association Turkcimento President Mr Fatih Yücelik said “We foresee that the need will be 10 million tons of cement. There is more than this capacity in the region, there will be no cement shortages. Our cement factories in and near the earthquake area have the capacity and strength to meet all the cement needed here. Hopefully there will be no problems. It is envisaged that the residences in the region will be completed in a short period of time, such as one year.”
   
   There are around 7-8 cement factories in the earthquake zone including Kahramanmaras, Gaziantep, Sanliurfa and Adana and there are factories in Mersin, Kayseri and Elazig in nearby provinces.
10. voda 22 februari 2023 06:47

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    Heraeus Electro-Nite Takes 47% Stake in Smart Steel Technologies
    
    Strategic Research Institute
    Published on :
    22 Feb, 2023, 5:16 am
    
    The world's leading supplier of sensors for molten metals Heraeus Electro-Nite is expanding its expertise in artificial intelligence and Al-based process optimization by Berlin based startup Smart Steel Technologies via the Heraeus Group, becoming its largest shareholder with 47% stake. Heraeus Electro-Nite CEO Mr Martin Ackermann, who will join SST’s board, said “SST will further advance the digital capabilities of our products and together we can provide an even better and more comprehensive service to our customers. The Heraeus Group is a very strong partner for SST. We are looking forward to the joint cooperation and valuable synergies, as well as innovations for the steel industry that will be enabled by the partnership.”
    
    Smart Steel Technologies has its headquarters in Berlin and a branch office in Cincinnati in Ohio. Smart Steel Technologies supplies Al-based software packages to the steel industry. Across all production steps, these calculate specifications in real-time to optimize energy use and quality. Examples include even more precise composition of steel chemistry and optimal process control in steel mills, in the continuous casting process and in rolling mills. One of the most complex challenges in steel production is the synchronized production planning of an entire chain of aggregates and production lines. Here, too. Smart Steel Technologies offers solutions that use artificial intelligence and mathematical modeling to calculate optimized production schedules. For this, the Berlin-based company relies on an interdisciplinary team of Al and steel experts, software engineers, mathematicians and physicists. Steel producers can thus operate their plants even more efficiently, safely and in a more environmentally friendly way. About four years after the company was founded, SST has more than 50 employees, many of them AI experts, but also steel specialists. The company's customers include renowned groups such as ArcelorMittal and Vallourec.
    
    Heraeus Electro-Nite is one of the world's most important suppliers of measurement technology and sampling from molten metals. The portfolio includes disposable and continuous sensors, samplers perfectly tailored to the respective application, as well as hardware and software for complete the system technology.
    
    Osborne Clarke has advised Berlin-based AI start-up Smart Steel Technologies on the participation by technology group Heraeus. As a result of the transaction, Heraeus, which is primarily known as a precious metals specialist, will become the largest shareholder of Smart Steel Technologies with a stake of around 47 percent.
11. voda 22 februari 2023 06:48

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    LIBERTY Galati to Restart Blast Furnace No 5 in March
    
    Strategic Research Institute
    Published on :
    22 Feb, 2023, 5:18 am
    
    Business Review has reported that Romania’s largest steelmaker LIBERTY Galati will restart Blast Furnace No 5 in mid-March 2023 on signs of market recovery in Europe supported by improvements in input costs and pricing. LIBERTY Galati Chairman Mr Ajay Aggarwal said “With signs of a market recovery in Europe and the successful upgrades made to Blast Furnace No 5 we can start to plan for a restart in mid-March. During the care and maintenance period, we have retained all employees and continued to invest in our plant and product enhancements that will improve the profitability of the business.”
    
    The furnace has undergone a RON 18.3 million (EUR 3.67 million) care and maintenance program since December which has increased its safety, stability, reliability, and energy usage performance and will ensure the company is in a strong position for the expected market recovery. Work during the care and maintenance period involves the replacement of the wear plates and two of the BLT gears, unblocking the skip pit and the BF scrubber as well as cleaning the BF shaft and top platforms.
12. voda 22 februari 2023 06:49

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    CADE Reauthorizes Sale of Siderurgica do Pecem to ArcelorMittal
    
    Strategic Research Institute
    Published on :
    22 Feb, 2023, 5:20 am
    
    Brazilian antitrust regulator CADE, which had decided to reexamine the sale of Companhia Siderurgica do Pecem in February beginning, has decided to approve again without restrictions the sale of Companhia Siderurgica do Pecem to ArcelorMittal. CADE announced “The risks mentioned by Usiminas for the suspension of the sale have proved groundless, following the evaluation by its board. Usiminas had mentioned the closure of the market and increased costs for the competition, among the reasons for the revaluation of the authorization of the sale. Usiminas was trying to obtain a fixed quota of the slab produced by CSP, as if it were a shareholder of the company.”
    
    CADE had approved the acquisition of Companhia Siderurgica do Pecem by ArcelorMittal, for USD 2.2 billion in January 2023.
    
    ArcelorMittal had signed an agreement with the shareholders of Companhia Siderúrgica do Pecém to acquire CSP for an enterprise value of approximately USD 2.2 billion in July 2022.
    
    Located in Ceará in Brazil and founded in 2008, CSP is a joint venture between Vale 50%, Dongkuk 30% and Posco 20%. CSP was originally a JV of Vale with 50%, Dongkuk 30% and POSCO 20%. It operates a 3 million tonne capacity blast furnace and has access via conveyors to the Port of Pecém, a large scale deep water port located 10 kilometers from the plant. CSP operates within Brazil’s first Export Processing Zone and benefits from various tax incentives including a low corporate income tax rate.
    
    CSP and Ternium are the main players in the Brazilian slab domestic market, with market share ranges respectively of 30-40% and 50-60%, while ArcelorMittal, CSN, Gerdau and Usiminas have less that 10% each of market share.

    Bijlage:
13. voda 22 februari 2023 06:50

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    Nippon Steel to Take 10% Stake in Teck’s Coking Coal Spinoff EVR
    
    Strategic Research Institute
    Published on :
    22 Feb, 2023, 5:22 am
    
    Japan’s largest steelmaker Nippon Steel and the second largest producer of high-quality steelmaking coal in the world Canadian Teck Resources have executed an investment agreement with certain other affiliates of each of Nippon Steel and Teck, pursuant to which Nippon Steel has agreed to indirectly acquire up to 10% of common shares, preferred shares and royalty interest in Elk Valley Resources, which will be spun-off from Teck as an independent publicly-listed Canadian company and will own and operate the steelmaking coal business previously conducted by Teck . Nippon Steel and Elk Valley Resources have agreed that concurrently with the completion of the Investment, they will enter into long-term coal offtake rights agreement, under which Elk Valley Resources will supply steelmaking coal to Nippon Steel.
    
    Name - Elk Valley Resources
    
    Head Office - Vancouver, British Columbia, CANADA
    
    Description of Business - Production and sales of steelmaking coal
    
    Major coal mines - Fording River, Elkview, Greenhills, Line Creek
    
    Annual production capacity - 25-27 million tonnes
    
    Nippon Steel is striving to achieve carbon neutrality by multi-track challenging technological developments. To reduce CO2 emissions while securing stable and efficient iron production, the use of high-quality steelmaking coal is essential. In order to address a concern that steelmaking coal production capacity may shrink in the future, since capital investment for fossil fuels, including coal, has been decreasing in a trend of pursuing carbon neutrality, Nippon Steel has decided to increase its investment in high-quality steelmaking coal, which is essential in pursuing its own carbon neutral strategy.
    
    As part of the Separation, Teck Resources will change its name to Teck Metals Corp. Teck Metals will retain a substantial interest in steelmaking coal cash flows through a transition period in the form of an 87.5% interest in a gross revenue royalty and preferred shares of Elk Valley Resources. Under the Transition Capital Structure, Teck Metals will receive quarterly payments consisting of Royalty payments and preferred share redemption amounts that will in aggregate equal 90% of Elk Valley Resources free cash flow.
14. voda 22 februari 2023 06:51

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    India on Track to Produce 125 Million Tonne Crude Steel in 2022-23
    
    Strategic Research Institute
    Published on :
    22 Feb, 2023, 5:25 am
    
    According to provisional data from India’s Steel Ministry's Joint Plant Committee, India’s crude steel production in January was 10.9 million tonne, flat YoY, production of finished steel increased by 4% YoY to 10.7 million tonnes while consumption increased by 4.4% YoY to 10.6 million tonne.
    
    April-January 2023
    
    Crude Steel Production - 103.5 million tonne, up 4.6% YoY
    
    Finished Steel Production – 99.5 million tonne, up 6.5% YoY
    
    Consumption – 97.1 million tonne, up 11.6% YoY
    
    -----------------
    
    Steel Imports April-January 2023
    
    Semis - 523,000 tonne, up 384%
    
    Finished Steel, incl alloyed – 5.270 million tonne, up 34%
    
    -----------------
    
    Steel Exports
    
    Semis - 1.315 million tonne, down 70%
    
    Finished Steel, incl alloyed – 5.349 million tonne, down 52%
15. voda 22 februari 2023 10:47

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    Turkish scrap rises sharply amid improved sentiment
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    Scrap prices in Turkey continue to increase as mills’ demand for scrap remains strong after the Turkish government’s statements regarding reconstruction of earthquake-hit cities in 3-4 months. The first tender for the construction of 200-250,000 houses in March will be held on 22 February.
    
    Amid strong scrap demand, some suppliers, targeting even higher levels, are seen to have backed off from the market. The ones that are in the market have offered premium HMS 1&2 80:20 above $430/tonne cfr on Tuesday.
    
    A Baltic HMS 1&2 80:20 deal was heard concluded by a western mill at $429.75/t cfr, although the details have not yet been revealed. Another western mill bought UK-origin cargo comprising HMS 1&2 80:20 at $428/t and shredded at $453/t cfr. A northern mill bought Denmark-origin cargo comprising 16,000 tonnes of HMS 1&2 90:10 at $439/t and 24,000t of busheling at $467/t cfr.
    
    There are also rumours of a Baltic sale at $425/t and a US sale at $423/t cfr. However, even if they are correct, they might have booked earlier and do not reflect Tuesday’s value for premium scrap. It is very likely that today’s prices will not be available tomorrow either.
    
    Short-sea offers have also increased sharply to $410-415/t cfr. A Romanian supplier is heard offering bonus grade at $460/t cfr.
    
    An imported scrap agent tells Kallanish: "Turkey’s demand for scrap is quite strong. Most suppliers are not in a rush to sell and prefer to wait today."
    
    A supplier thinks Turkey still needs to buy at least 500,000t for March shipment, which equates to 13-14 deep sea cargoes.
    
    Most market participants think scrap prices are likely to reach $450/t cfr levels under current market dynamics.
    
    Meanwhile, rebar prices also increased sharply this week. Some mills, facing a sharp increase in scrap offers, are seen halting rebar sales throughout the week, while others have increased offer prices to $730/t ex-works levels. Even higher offers, above $740/t are available from a few producers in the absence of some producers.
    
    Billet offers also increased sharply on Tuesday. A southern mill is heard to have sold 7,000t of billet at $675/t ex-works, while imported billet offers rose around $640/t cfr levels.
    
    A western mill that requires raw materials has increased shipbuilding scrap buying price by $5/t to $425/t delivered on Tuesday, meanwhile.
    
    Burcak Alpman Turkey
16. voda 22 februari 2023 12:26

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      Lid sinds: 02 dec 2005

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    Mondiale staalproductie verder gedaald
    
    In januari met ruim 3 procent.
    
    (ABM FN-Dow Jones) De mondiale staalproductie is in januari opnieuw gedaald, maar minder sterk dan in december. Dit bleek woensdag uit cijfers van brancheorganisatie World Steel Association.
    
    In totaal vervaardigden de 63 staalproducerende landen vorige maand 145,3 miljoen ton staal, een daling van 3,3 procent ten opzichte van januari 2022. In december was dit 140,7 miljoen ton, toen een daling met 10,8 procent op jaarbasis.
    
    In China, wereldwijd met afstand de grootste fabrikant van staal, steeg de productie in januari met 2,3 procent tot 79,5 miljoen ton.
    
    In de VS daalde de productie in januari met 6,8 procent naar 6,5 miljoen ton.
    
    In Rusland daalde de productie naar schatting met 8,9 procent en in Japan met 6,9 procent.
    
    De EU kende in januari een productiekrimp van 15,2 procent tot 10,3 miljoen ton. In Duitsland daalde de productie met 10,2 procent.
    
    Door: ABM Financial News.
    
    info@abmfn.nl
    
    Redactie: +31(0)20 26 28 999
17. voda 23 februari 2023 06:45

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    • voda

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    Tenaris Lunches Online Marketplace in Canada for OCTG & Line Pipe
    
    Strategic Research Institute
    Published on :
    23 Feb, 2023, 4:54 am
    
    Leading seamless pipe maker Tenaris is rolling out its web-based portal for on demand spot sales of OCTG and line pipe products in Canada. The Tenaris Marketplace in Canada is a user-friendly and efficient e-commerce tool that allows access to Tenaris's inventory of API products in the region. This self-serve platform offers a convenient, reliable, and cost-effective solution to source new, in stock products, place and track orders, and retrieve related documents. The Tenaris Marketplace in Canada is accessible via mobile and desktop devices, providing a convenient streamlined purchasing experience.
    
    Tenaris has a strong presence in Canada, where it recently centralized its pipe manufacturing operations in Sault Ste. Marie, Ontario. With the launch of its e-commerce platform in the country, Tenaris is building on its manufacturing and service strengths to provide greater solutions to enhance the customer experience.
18. voda 23 februari 2023 06:46

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    • voda

      Lid sinds: 02 dec 2005

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    Morocco Imposed AD Duty on Galvanized Wires from Turkey
    
    Strategic Research Institute
    Published on :
    23 Feb, 2023, 4:57 am
    
    Morocco's Ministry of Industry & Trade has announced the final results of its antidumping investigation on galvanized wires from Turkey for the period of 1 January 2021 to 31 December 2021.The ministry has determined that imports of the given product from Turkey caused material injury to the domestic industry and established definitive dumping margins as follows:
    
    Aslanli TelSanayi - 21%
    
    GUNEY CELIK - 61%
    
    Other producers - 61%
    
    Ministry of Industry & Trade said “The examination and analysis of these elements made it possible to identify that he existence of significant damage suffered by the national production branch materialized by the increase in imports of galvanized threads in relation to national production and consumption, the manifest decline in market share as well as the general deterioration of indicators economic of the national production branch during the period analyzed. The appearance of the undercut and the upcoming prices due to the effect of dumping imports on the prices charged by the national production branch.”
    
    The product considered is the galvanized wire with a diameter greater than 0.85 mm, and currently relating to pricing positions of the following harmonized systems 7217.20.10.00 and 7217.20.99.00.
19. voda 23 februari 2023 06:46

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    • voda

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    Tata Steel Injects INR 300 Crores in Neelachal Ispat Nigam
    
    Strategic Research Institute
    Published on :
    23 Feb, 2023, 4:59 am
    
    Tata Steel has acquired 46.8 million equity shares of INR 10 each at a premium of INR 54 per share of Neelachal Ispat Nigam Limited, an unlisted indirect subsidiary for an amount aggregating to INR 300 crore, being Tranche 1 of the investment in the equity shares of NINL.
    
    The proposed funding will be utilized towards the working capital and CAPEX requirement of NINL including start-up of iron and steel plant at Kalinganagar, repayment or prepayment of liabilities and for other general corporate purposes.
    
    Neelachal Ispat Nigam Limited has a 1.1 million tonnes per annum integrated iron and steel plant at Kalinganagar Odisha, along with iron ore mines with a reserve of ~90 MT.
20. voda 23 februari 2023 06:47

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    • voda

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    Inland Steel Products Opens Scrap Collection Center in Bonnyville
    
    Strategic Research Institute
    Published on :
    23 Feb, 2023, 5:02 am
    
    Lakeand Today has reported that Canadian scrap metal recycler Inland Steel Products has opened new operation in Bonnyvillei n East Northern Alberta in Canada in January. For materials brought into the Bonnyville site, those items will likely be taken to Lloydminster where metals are broken down and shipped all over the world by railcar. The new location in Bonnyville features monitors for radio-active materials
    
    Inland Steel Products President Mr Matt Ditlove told Lakeland. “The decision to open a feeder yard in Bonnyville was to expand our geographic footprint and to fill a gap in that northeast Alberta market and that was the town that we decided that we wanted to be in.”
    
    Through its Bonnyville and Lloydminster locations, Inland Steel is hoping to draw business in from Cold Lake, Lac La Biche, St Paul and as far away as Fort McMurray, servicing the whole northeast region through its bins, collection sites, mobile metal scrap pick-ups and shearing.