ArcelorMittal LU1598757687

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1. voda 21 maart 2023 10:09

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   Commercial Metals Company Acquires Tendon Systems
   
   Commercial Metals Company has recently acquired Tendon Systems, a key provider of post-tensioning, barrier cable, and concrete restoration solutions across the Southeastern region of the United States. Tendon's products and services are utilized across various construction types, such as industrial buildings, high-rise structures, parking facilities, and multi-family residential complexes.
   
   One of the primary offerings of Tendon Systems is post-tension cable, which is typically used in combination with rebar in many applications. This acquisition presents significant commercial synergy opportunities for Commercial Metals Company. Tendon Systems generated revenues of around $60 million in the 2022 calendar year.
2. voda 21 maart 2023 10:09

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   Interpipe Dnipro Steel Halts Production over Scrap Shortage
   
   Interpipe Dnipro, the electric steel-smelting complex of Ukrainian steelmaker Interpipe, has suspended work due to a shortage of scrap metal. The Interpipe Steel plant has stopped operating since March 16, 2023, due to the shortage of ferrous scrap, which is the main raw material for the enterprise.
   
   This is an unscheduled temporary stop, and the company is experiencing a serious shortage of scrap metal. According to the director of the plant, Mr. Andriy Bibik, the procurement of scrap metal has been reduced to almost zero due to hostilities, scrap processing capacities have been lost, and the industry's personnel potential has also decreased. The downtime of the metallurgical plant is expected to last a maximum of seven to eight days.
   
   Interpipe Vtormet board chairman, Valentyn Makarenko, stated that they are working with partner suppliers of scrap to provide the plant with raw materials and prepare the charge. According to him, the situation with the provision of scrap will improve in the third decade of March, and the plant will be restarted.
   
   Interpipe is a Ukrainian industrial company that manufactures steel pipes and railway products, and its products are supplied to more than 80 countries.
3. voda 21 maart 2023 10:10

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   Outokumpu Krefeld: Talks about sustainability and climate protection with North Rhine-Westphalian minister Mona Neubaur
   
   On March 20th, 2023, Ms. Mona Neubaur, Deputy Prime Minister of North Rhine-Westphalia, met with representatives from Outokumpu at their mill in Krefeld to discuss sustainability and climate protection in the steel industry. Ms. Mona Neubaur praised Outokumpu for its efforts in saving CO2 and contributing to the transformation of the industry towards sustainability. The company is committed to sustainability, and Outokumpu's Managing Director & Labor Director Mr. Henrik Lehnhardt believes that what the company does for sustainability today will determine how the world of tomorrow will look like.
   
   Outokumpu, a stainless steel manufacturer, has already committed to ambitious CO2 reductions and is currently undergoing certification procedures for ResponsibleSteel standards at all their European production sites. Outokumpu's mill in Krefeld is also investing around €7 million in different energy efficiency projects to optimize its already efficient processes. Outokumpu aims to increase its energy efficiency by a total of 8% in 2023 and 2024, thereby reducing significantly the consumption of resources per ton of stainless steel produced. Additionally, the company is exploring the feasibility of a biocoke plant to generate regeneratively gas from waste wood.
   
   Outokumpu's new plant in Krefeld produces high-quality stainless steel powder for additive manufacturing, which is made from completely recycled stainless steel scrap from their own mills. The plant also opens up a new customer segment for Outokumpu. Outokumpu has also launched a new product line called Circle Green, which reduces total CO2 emissions by around 90% compared to the global industry average. Customers who use Circle Green could save more than 5 metric tons of CO2 emissions per ton of stainless steel compared to the industry average of around 6.1 metric tons of CO2 emissions per ton of stainless steel. Outokumpu provides its customers with Product Carbon Footprints (PCF) for all of its products, which include information on the total emissions along the production chain (scopes 1, 2, and 3) without comprising any climate compensation (offsetting).
4. voda 21 maart 2023 10:11

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   Baowu Group Environmental Resources Technology Released Outstanding Brand of Mineral Powder "Baosilai"
   
   Baowu Environmental Technology has recently launched a national unified mineral powder product brand called "Baoslai" at the 15th China Cement Industry Summit and TOP2023 Award Ceremony. Baowu Huanke is a leading enterprise in the production of mineral powder in China and has established this brand to reflect its responsibility as a leading enterprise in the industry, to help create high-quality mineral powder products domestically, and to better interact with its partners.
   
   With the introduction of the "Baoslai" brand, Baowu Environmental Science and Technology aims to build an outstanding brand of domestic mineral powder, improve product competitiveness, business ability and development resilience, firmly build industrial chain connections, promote collaborative carbon reduction, and accelerate the pace of green and low-carbon development.
   
   The name "Baoslai" has an overall meaning of thinking about a green and low-carbon future. "Bao" is the treasure of Baowu and also represents the treasure that turns waste into treasure. "Silai" is not only a transliteration of English slag for slag products, but also highlights the spirit of Baowu Huanke people to think about the future and their commitment to benefiting the country, industry, and all mankind.
   
   The "Baoslai" brand fully expresses the spiritual proposition and value pursuit of Baowu Huanke people's firm green development concept, scientific and technological innovation, future-oriented thinking, hard work, perfection, and contribution to society.
5. voda 21 maart 2023 10:11

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   • voda

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   Materials Processing Institute Leads Major Zinc Recovery Project
   
   UK’s Materials Processing Institute is spearheading a £250,000 initiative to develop a practical method of extracting zinc from by-products generated during the iron and steel-making processes. This project, which is part of the Innovate UK-funded PRISM program, will bring together British Steel, Tata Steel, CELSA Group, and Marcegaglia Stainless to identify a sustainable and cost-effective technique that will allow more iron to be recovered and reused in the steel-making process and more zinc to be recycled in separate UK supply chains.
   
   Over the course of 17 months, the project will evaluate several potential solutions, including pyrometallurgy, ultra-sonic separation, and a hydrometallurgical process that oxidizes metallic zinc in ionic liquids. While it is possible to re-use a certain proportion of iron and zinc by-products produced by both steel-making methods, once the concentration of zinc reaches a certain level, the iron units become unrecoverable. This is because the low boiling point of metallic zinc causes it to volatilize and recondense, resulting in scab formations of zinc on the furnace wall. By addressing this issue, the project will pave the way for more sustainable and efficient iron and steel production in the UK.
6. voda 21 maart 2023 10:11

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   • voda

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   Tenaris Opens New Production Line at Qingdao Automotive Component Center
   
   Tenaris recently held a ceremony at its automotive component center in Qingdao, China, to mark the opening of a new production line dedicated to airbag inflator components. This $11 million investment is part of the company's two-year expansion plan for its global component centers, and is expected to increase production capacity to meet rising demand from customers.
   
   With centers located in China, Romania, Argentina, Mexico, and Italy, Tenaris has been providing customers around the world with a broad range of reliable and high-quality automotive products and services since 2004.
7. voda 21 maart 2023 10:11

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   • voda

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   Vallourec Supplies Tubulars for Eavor’s Project in New Mexico
   
   Vallourec played a significant role in Eavor™'s Lightning Dock Phase I project, securing a portion of the contract in 2022. Eavor™, a leading Canadian Geothermal Technology firm, utilized its unique Eavor-Loop™ technology, a closed-loop radiator type system for the project.
   
   Vallourec's flagship connection VAM® 21 HT was selected for the project and was recently installed by VAM® Field Service in collaboration with Eavor's team of subcontractors. The Lightning Dock well achieved a depth of 18,000ft TVD with temperatures of approximately 250°C.
   
   Eavor-Loop™ technology is an entirely closed-loop system that does not require fracking, emits no GHGs, produces no brine, and avoids aquifer contamination. Vallourec's VAM® 21 HT connection is qualified to TWCCEP and has been utilized worldwide for geothermal applications.
   
   As a member of the Texas Geothermal Energy Alliance and Geothermal Rising, Vallourec is actively working to leverage its expertise to drive geothermal development. The company is also focused on streamlining the supply chain by manufacturing and threading Eavor's pipes at its North American mills for this project.
8. voda 21 maart 2023 10:12

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   • voda

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   Masteel's H-Beam to Support the Future City Line of NEOM
   
   The construction of THE LINE, a green and sustainable city in Saudi Arabia, is underway, and Masteel H-beam products are playing an important role in building the city's infrastructure. China Baowu’s Masteel has been actively expanding its presence in the Middle East market, and its hot-rolled H-beam products have gained a foothold in Saudi Arabia and the UAE. In 2022, Ma Steel established contact with a customer in Tianjin, China, and the customer eventually placed an order for the Saudi THE LINE project. The total weight of H-shaped steel used in the project is about 25,000 tons.
   
   After nearly two months of technical and business exchanges with the client, Masteel Group finally signed the first batch of 580 tons of order contracts at the end of November of 2022. The first batch of H-beam products ordered was delivered successfully after passing the customer's strict quality requirements and third-party inspections. Ma Steel's H-beam products have been gaining recognition for their quality, technology, and service, and the company is committed to expanding its international influence and application field.
   
   Saudi Arabia's "THE LINE" urban project, planning to build a new linear city, with a total length of nearly 170 kilometers, only 200 meters wide, and a building height of more than 500 meters, spanning three different areas of coastal deserts, mountains and valleys, retaining 95% of the original natural landscape, vertically layering urban functions, allowing people to travel seamlessly in three-dimensional space (up, down or horizontal), and eventually accommodating about 900 million people to live and live. Through the full use of technologies such as artificial intelligence, the interaction between people and the city is truly realized. The city will be free of cars and roads, achieving zero carbon emissions.
9. voda 21 maart 2023 10:12

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   • voda

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   New technologies for greener steel
   
   Hyundai Steel, a leading steel manufacturer in South Korea, recently partnered with Fives to discuss decarbonization and the evolution of new steel grades. The two companies held a joint Future Tech Forum at Hyundai's R&D center in Dangjin on February 27-28, 2023. During the forum, Fives presented a range of advanced technologies in several sessions. This included discussions on market trends, digital solutions, decarbonization solutions for reheating furnaces and strip processing lines, metallurgical support, and process technologies for 3rd generation advanced high strength steels.
   
   A special focus was given to digital solutions and predictive models that enable steelmakers to improve product quality, increase productivity, and reduce human errors. The workshop showcased case studies of SmartLine and VirtuoTM implementation, which have achieved outstanding results.
   
   Mr. Bo-Ryong Lee, Senior Vice-President & Head of R&D Division at Hyundai Steel, expressed satisfaction with the in-depth technical exchanges between the two companies. He stated that Hyundai Steel is interested in the latest trends, such as decarbonization, digitalization, and high-quality production technologies, and looks forward to developing closer cooperation with Fives. This partnership could lead to medium-term industrial projects in the future.
10. voda 21 maart 2023 10:12

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    Evraz Can’t Pay Off Eurobonds on time Owing to Sanctions
    
    Russian steelmaker Evraz has announced that it will not be able to fully or partially repay the issue of dollar-denominated Eurobonds on time, despite having sufficient liquidity. The Eurobonds are set to mature on March 20, 2023, and had an initial issue volume of $750 million, with a coupon rate of 5.375%.
    
    The company is currently prohibited from making payments on the Eurobonds without an appropriate license from the UK's Office of Financial Sanctions Implementation. Evraz has been under British sanctions since the end of April last year, and had previously reported in September that it would not be able to pay coupons on its two issues of Eurobonds in circulation, which were set to mature in 2023 and 2024.
    
    The company had requested a license from British regulators in July to permit payments on the Eurobonds, but has not received one. Even if permission had been granted, the company noted that there are numerous obstacles to paying interest on the Eurobonds, including technical and regulatory challenges.
11. voda 21 maart 2023 10:12

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    Former CEO of Metinvest Kametstal Named Head of GTSOU
    
    The Cabinet of Ukraine has approved the appointment of Mr. Dmitry Lippa, former CEO of Metinvest Group's Kametstal plant, as the new head of the country's Gas Transmission System Operator (GTSOU), says Interfax
    
    The move comes after the former GTSOU CEO, Mr. Sergei Makogon, was dismissed on September 16, 2022, following his proposal to put the operator under the control of the Energy Ministry, create supervisory and management boards, and liquidate MGU.
    
    This proposal was supported by the European Union, the Energy Community Secretariat, and World Bank, who had called for a reform of GTSOU's corporate governance system.
    
    MGU was originally expected to become the operator of Ukraine's gas transmission system, but GTSOU was created and given the responsibility for managing the transmission system during the process of dividing state oil and gas company Naftogaz Ukraine by type of business. GTSOU was then transferred to MGU ownership.
12. voda 21 maart 2023 10:13

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    Algoma University Faculty Call Out to Cut Algoma Steel Emissions
    
    The faculty members at Algoma University have written an open letter addressed to Mr. Sheehan and Mr. Romano, the MP and MPP of Sault Ste. Marie, Ontario, urging them to take immediate action regarding the hazardous high levels of specific carcinogenic emissions by Algoma Steel Inc. The letter cites a recent report by the National Observer, which states that the steel mill has been releasing excessive amounts of benzene and particulate matter, leading to serious health and environmental concerns for the residents of the surrounding communities.
    
    The emissions of benzene, sulfur dioxide, and particulate matter have been consistently above the legal limit for several years, which is harmful not only to the health of the people living in the vicinity of the steel mill but also to the ecosystem and the environment.
    
    The letter stresses that the health care resources in the Algoma District may not be as accessible as desired and combined with emissions from the Algoma Steel mill and the need for more stringent regulatory enforcement presents a significant economic challenge for the city of Sault Ste. Marie.
    
    The faculty members have urged Mr. Sheehan and Mr. Romano to take the necessary steps to enforce regulations and hold Algoma Steel accountable for its actions, and to ensure that the citizens of Ontario and Canada have the right to breathe clean air and drink clean water. The letter has been signed by several full-time faculty members from Algoma University, and the faculty members are eagerly awaiting a response from the MP and MPP regarding this critical matter.
13. voda 21 maart 2023 10:13

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    • voda

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    Shipbreaking Market Catching The High!
    
    According to the world's leading buyer of old ships for recycling, GMS, recycling rates continue to surge for another week despite a slight reduction in supply and volatility on steel plate prices, particularly in India. While the improvement in container and dry bulk charter rates has decreased the flow of candidates for recycling in the last couple of weeks, much of the firming local demand may still go unrealized for some time.
    
    This week, only a few owners seem to have cashed in at these higher rates, perhaps at the peak of the market, as there has only been a trickle of vessels for sale. With diminishing supply and firming demand, prices continue to impress, particularly in the Bangladeshi market. The market has essentially been starved of tonnage over the last 6-8 months due to persistent LC issues, but alternate methods of financing have been established, such as usance LCs and private financing solutions, to secure some of the recent tonnage for Chattogram buyers.
    
    However, the ongoing preference among local recyclers (given the LC restrictions) is to acquire smaller LDT tonnage instead of the costlier large LDT vessels that may not get LC approval due to the shortage of US dollars in the country. Talks over ongoing IMF loans continue in both Pakistan and Bangladesh, and once that is finalized, we should see greater liquidity on LCs and the ability for all recyclers in these markets to secure larger LDT vessels at firmer levels.
    
    Finally, Turkey remains healthy and steady, with no changes reported in steel, and no reports on the mysterious negotiations that were reportedly taking place over recent weeks.
    
    GMS demo rankings – India/Pakistan/Bangladesh – Week 11 up 20 WoW
    Dry Bulk – USD 540-610 per LDT
    Tankers – USD 550-630 per LDT
    Containers - USD 60620 per LDT
    Dry Bulk – USD 540-580 per LDT
    Tankers – USD 550-600 per LDT
    Containers - USD 560-650 per LDT
14. voda 21 maart 2023 10:13

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    US Steel Production Capacity Utilization Climbing to 76%
    
    According to the American Iron & Steel Institute, raw steel production in the United States for the week ending March 18, 2023, was 1.686 million net tons, with a capability utilization rate of 75.4%. This represents a 1.4% decrease from the same period in the previous year, where production was 1.710 million net tons and the capability utilization rate was 78.7%. Compared to the previous week ending March 11, 2023, production for the week ending March 18, 2023, increased by 0.5%from 1.677 million net tons, with a capability utilization rate of 75..0%.
    
    By districts, the production for the week ending March 18, 2023, is as follows: North East – 149,000 net tons; Great Lakes - 557,000 net tons; Midwest - 207,000 net tons; Southern - 713,000 net tons; and Western - 60 thousand net tons.
    
    The adjusted year-to-date production through March 18, 2023, is 18.199 million net tons, with a capability utilization rate of 74.0%. This reflects a decrease of 4.7 percent from the same period last year, where production was 19.104 million net tons, and the capability utilization rate was 79.7%.
15. voda 21 maart 2023 17:15

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    Aandeel Thyssenkrupp hoger op mogelijke verkoop staaltak
    
    Plus van ruim 5 procent.
    
    (ABM FN-Dow Jones) Het aandeel Thyssenkrupp staat dinsdagmiddag meer dan 5 procent hoger, nadat het Duitse Handelsblatt meldde dat het concern samen met zakenbank Goldman Sachs werkt aan een eventuele verkoop van de staaldivisie.
    
    Volgens bronnen zouden meerdere opties door Thyssenkrupp en Goldman worden onderzocht. Een verkoop zou 1,5 miljard euro kunnen opleveren. Dat is wel veel minder dan eerder werd gedacht.
    
    Een eerdere poging om de staaltak af te splitsen of te verkopen, mislukte vorig jaar.
    
    Door: ABM Financial News.
    
    info@abmfn.nl
    
    Redactie: +31(0)20 26 28 999
16. voda 22 maart 2023 06:27

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    thyssenkrupp CEO & IG Metall at odds over Steel Strategy
    
    According to sources within the company, there is a disagreement among the supervisory board of thyssenkrupp regarding the appropriate strategy for the steel business, says Handelsblatt. While CEO Ms. Martina Merz plans to present her plans for a separation from the steel division at a special meeting on March 31, some members of the management team and the trade union IG Metall wish to retain the unit and declare it the group's new core business.
    
    Ms. Merz has reportedly garnered the interest of financial investor CVC Capital Partners, with the help of investment bank Goldman Sachs. However, CVC is only willing to offer one euro for the steel division, although it would make investment commitments and assume pension liabilities worth billions. Although former thyssenkrupp manager Mr. Edwin Eichler is promoting the CVC bid, along with CVC manager Alexander Dibelius, the project is still in its early stages and an audit has not yet been carried out.
    
    thyssenkrupp is also hoping for a bid from Brazilian company CSN, adds report
17. voda 22 maart 2023 06:27

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    LME Takes Two Measure after Warehouse Irregularities for Nickel
    
    London Metal Exchange has informed market participants of two important updates regarding nickel trading on the LME on 17 March 2022
    .
    Firstly, the LME has recently been made aware of cargo irregularities in the physical nickel market, which could potentially impact the LME. Upon investigation, it was found that a specific facility of an LME-licensed warehouse operator had non-conformant nickel warrants. As a result, nine warrants have been invalidated and cannot be delivered against LME contracts. We assure you that the LME has robust rules and processes in place to maintain oversight over LME-warranted metal and protect the market as a whole. We will continue to work with affected holders of live and cancelled warrants and take appropriate investigative and enforcement action.
    
    Secondly, the LME is postponing the return to Asian hours nickel trading from Monday 20 March 2023 to Monday 27 March 2023. Although we are confident that the direct impact of the invalidated warrants has been removed, we understand that participants may wish to undertake their own stock checks or take other actions over the weekend. To ensure that this does not impact trading behavior when the market opens on Monday, we prefer this to happen during London hours when liquidity is generally stronger.
    
    LME has reminded licensed warehouse operators of the strict requirement to weigh all metal before it is placed on warrant and encourage owners of off-warrant bagged nickel to undertake their own checks of their material. LME has also noted that other metal contracts do not allow bagged delivery and are not susceptible to this type of irregularity.
18. voda 22 maart 2023 06:27

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    NMDC Reduces Lump & Fines Spread Further
    
    India's state-owned mining company, NMDC, has recently announced a price increase for its iron ore products. Effective March 21, the price per metric ton for Fe 65% lump ore has gone up by ?100 to ?4,500, while the price for Fe 64% fines has increased by ?200 to ?4,110. This marks the third price revision by NMDC since January.
    
    Comparing the latest prices with those set on January 1, per tonne price for lump ore has gone up by ?200, while fines have seen an increase of ?700 per tonne. Notably, NMDC has been regularly decreasing the spread between lump and fines prices, narrowing it down from about ?1200 per metric ton to ?400 per metric ton so far since November 2022.
    
    Previously, NMDC had set the price of lump ore at ?4,300 and ?3,410 for fines on January 1, followed by another revision on January 28 that increased the prices to ?4,400 and ?3,910 respectively.
19. voda 22 maart 2023 06:28

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    Odisha Minister Confirms Plans for 13 Steel Plants Totaling 64MMTA
    
    The Steel & Mines Minister of Odisha, Mr. Prafulla Kumar Mallik, has confirmed plans to establish 13 new steel plants in the state of Odisha, with a combined capacity of 64.28 million metric tons per annum. In response to a query from Ms. Padmini Dian of the BJD party, the Minister revealed that these greenfield projects will be set up in various locations, including Barbil, Karakola, Keonjhar, Mahadeijoda, and Nayagarha in Keonjhar district, Banarpal in Angul district, Mahakalapada in Kendrapara, Dhinkia in Jagatsinghpur, two in Kalinganagar in Jajpur district, Lathikata and Bonai in Sundargarh district, and Rairangpur in Mayurbhanj district.
    
    According to Mr. Mallik, various companies are proposing to set up these plants, such as Arya Iron & Steel Company in Barbil, JSW Utkal Steel in Dinka, Orissa Alloy Steel & Beekay Utkal Steel Industries in Kalinganagar, Envirocare Infrasolution in Lathikata, Fedders Electric & Engineering in Bonai and Rungta Mines in Rairangpur.
    
    Rungta Mines is also proposing to set up plants in Karakola & Keonjhar, Siddhiriddhi International in Mahadeijoda, Orissa Metaliks in Nayagarh, Jindal Steel Odisha in Banarpal and AM/NS India in Mahakalpada.
20. voda 22 maart 2023 06:28

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    Dunaferr Starts to Roll HR Again
    
    Dunaferr, a steelmaker based in Hungary, has made significant progress in the last three months towards resuming its operations. The company's hot rolling mill, which guarantees long term operational efficiency, resumed production in mid March. This achievement was reported by Liberty Steel Group Europe and Liberty Galati.
    
    According to Liberty Steel Group Europe & Liberty Galati President, Mr. Lajos Mészáros, the successful restart of blast furnace number 2, the steel mill, and the cold rolling mill in February, along with the stabilization of the coking blocks, marked important steps towards the long-term operation of the ironworks. With the hot rolling mill's recent restart, Dunaferr's reorganization process has achieved another milestone. The factory's production of finished products that can be sold on the market is a particularly welcome development, given the current high prices of steel products.
    
    In January, Liberty Steel Group signed a contract manufacturing agreement with Dunaferr's liquidator, following the quasi-bankruptcy of the Dunaferr ironworks at the end of last year.