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1. voda 15 september 2015 16:43

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   Canada imposes anti dumping duty on Russian and Indian steel plates
   
   Unian reported that Canada has imposed anti-dumping duties on Russian and Indian steel in an attempt to protect domestic producers from competition from the states with weakened currency, according to Canada Border Services Agency. Temporary duty imposed on the hot rolled carbon steel plates and HSLA (high strength light alloy) steel plates.
   
   Canada has introduced a fee of 239.4% on steel plates from Russia, but for Severstal company, the customs duty will amount to only 50.9%.With regard to the Indian producers, Canada has introduced a fee of 240.8%.
   
   Fees apply to products that have been reported to the Canadian customs after September 8.
   
   The final decision on the results of Canada’s investigation is expected to be taken at the beginning of next year.
   
   The complaint was originally filed by Essar Steel Algoma, the Canadian arm of Essar Steel. The complaint was filed in April this year seeking import duty on carbon and high-strength low-alloy steel plates, mostly of 5-10 mm thickness.
   
   Essar Steel Algoma has said “In our complaint, we identified 58 subsidy programmes, which we feel have provided actionable benefits to Indian plate producers and are therefore countervailable under Canadian law.”
   
   Source : Unian.info
   
2. voda 15 september 2015 16:44

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   Esfahan Steel produced 2.7 million tonnes of steel in Iranian year
   
   Esfahan Steel Company produced 2.7 million tons of steel in the year to March 21, 2015. Fars News Agency quoted Ardeshir Sa'ad Mohammadi as saying “ESCO set a record by producing 2.7 million tons of steel in the Iranian year to March 20, 2015,"
   
   ESCO is the first and largest manufacturer of constructional steel products in Iran. The complex went into production in 1971 with annual capacity of 600,000 tons.
   
   In March 2015, the World Steel Association (WSA) said in a report that Iran's steel production in January and February stood at 2.775 million tons, a 15-percent increase compared to the figure for the same period in 2014.
   
   Based on the association's data, world crude steel production for the 65 countries reporting to the World Steel Association was 128 million tons in February 2015, showing a 0.6-percent increase compared to the amount for February 2014.
   
   An earlier WSA report showed that Iran was the biggest steel producer in the Middle East in 2014. Iran's steel production in 2014 increased by 5.9 percent against the amount for the same period in 2013, and reached 16.331 million tons, the report said.
   
   Iran also ranked the 14th among major steel producing countries in the world.
   
   Source : Iran Daily
   

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3. voda 15 september 2015 16:45

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   Safeguard duty for steel sector a right move – Mr Banerjee
   
   Mr Sushim Banerjee DG of INSDAG wrote in personal capacity in Financial Express that now that the government has appreciated the difficulties faced by steel industry from the alarming threat of rising imports, it has rendered policy support by first enhancing duties on flat products from 7.5% to 12% in two tranches and secondly by announcing a provisional safeguard duty of 20% for 200 days.
   
   He wrote “The concern by the government centered on the Rs 1,230 billion of stressed assets of steel industry in the banks and the inability of the steel majors to invest significantly in augmenting capacities due to market distortions caused by cheap flow of imports. Thus stepping up of actions by the Government against increasing imports was timely and most appropriate.”
   
   He added “There are a few associated issues that need to be addressed.
   
   Firstly, enhancing customs duties, including provisional Safeguard duties, is being termed as protective as user industries of flat steel are well spread out and some of them are small and medium enterprises and exporters. While more dialogue and interface with the user segments are needed to resolve the issues, it is not exactly known if the erstwhile gain out of the availability of cheaper steel from imports was reflected in lowering the prices of the finished products by the user sectors. If not, there is no perceptible reason that it would go up now on the back of additional duty on imported steel.
   
   Secondly, it may be argued that their products became competitive in the market due to the lowering of the cost of steel and now they would lose with the impending rise in cost of steel. Taking this argument a little further, the power distribution companies might prefer transmission towers (either complete or semi-knocked down form) imported at a cheaper rate from abroad than procuring the same from indigenous TLT manufacturers. Under the current scenario, this may actually be happening, however, in a smaller way. But the matter would definitely be hotly resisted by the domestic industry and would go against our “Make in India” programme. Therefore it is logical to conclude that in areas where adequate capacities have been created and more are in the offing with superior technology to generate value-added cost competitive products to cater to the emerging demand from various end users, the government must come forward to extend a helping hand to the sector suffering disastrously from unfair trade.
   
   By looking around, we find that governments in each of the steel-producing countries threatened by massive rise in imports from some of the countries shaking off their excess capacity load at throw away prices or under the garb of free-trade agreements are taking suitable measures to eliminate this risk.USA is currently investigating dumping and subsidy charges on CR sheets and coils imported from Brazil, India, China, Japan, Korea, Russia and UK. This is in addition to similar duties already in vogue on imports of HR, coated products. India must learn to protect its critical industrial segments from the onslaught of unfair imports.
   
   The issue of cost competitiveness of Indian steel is paramount in all these trade measures. Cost competitiveness determined by efficiency parameters, raw material availability and prices, labour and capital costs must be seen separately from the prices of the finished products determined by compulsions of selling the products and this is to be distinguished from the prices based on fairly traded market forces. As per studies by World Steel Dynamics, Indian steel is cost competitive below China and CIS countries, but well above South Korea, Japan, USA, EU in spite of high capital costs. However, when steel transported from steel plant in the country reaches far-away customers in the country and abroad, it becomes costly due to very high internal freight (both rail and road) and excise duty, VAT, entry tax etc. It is reported that China has an operating cost of $384/t of HR coils, marginal cost of $335/t , export price at $295/t FOB port ($315-$320 CFR Mumbai) with ex-works price realization $80/t less than marginal cost. If this is set as a standard, Indian steel would continue to remain uncompetitive.
   
   Source : Financial Expree
   
4. voda 15 september 2015 16:46

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   PPMAI writes to PM and steel minister for withdrawl of draft stainless steel quality order
   
   Process Plant and Machinery Association of India, apex body representing the Process Plant Manufacturers in the country, have sought Prime Minister Narendra Modi and Steel Minister Narendra Singh Tomar’s intervention for withdrawal of recent draft stainless steel quality control order proposing mandatory standards in the stainless steel flat product segment.
   
   Mr V.P.Ramachandran, Secretary General, PPMAI said “In a letter to Government including Prime Minister process Plant and Machinery industry have sought withdrawal of the draft Quality Control Order and urged the steel ministry to open a dialog with the domestic stainless steel manufacturing industry to ascertain how much do they produce as per BIS and whether they also support this draft order. More over the matter needs re-examination since the draft Quality Control Order has serious implications on trade and industrial growth as well as health and safety of crores of consumers in India.”
   
   He said “For the government, seeking the end user perspective should be the priority. The draft Quality Control order will discourage investment in key manufacturing sectors since BIS standards are not comprehensive and updated. Such an order can be termed as a barrier, ill-conceived without consent of stake holders. Why should the government attempt this when there is no complaint from the industrial end users on doing and growing business globally and domestically with compliance of International standards. India has already imposed high level of import duties on steel in the current fiscal year and there are a host of anti-dumping duties in place. Furthermore the devaluation of rupee from INR 46 to a dollar to almost INR 67 to a dollar now is in itself a great cushion to the stainless steel manufacturers in India. Excessive protectionism for a basic and intermediate goods sector can lead to withdrawal of manufacturing at higher value segments.”
   
   Mr Ramachandran said “The value added segment of industry uses stainless steel as per international standards. In the industrial sector, no company buys stainless steel as per Indian standards nor do the designers specify use of stainless steel as per Indian standards. In effect there is no demand for stainless steel as per Indian standards. Government should investigate if the domestic stainless steel producers are producing stainless steel for industrial sector as per Indian standards. All PSUs in energy, be it nuclear , thermal or solar or gas based ,buy stainless steel as per international standards. Railways buys as per international or RDSO standards, and all our members of PPMAI also buy as per international standards.”
   
   He added “It is very clear that process plant and Machinery industry sector is well organized as per international standards and does not need to use the BIS standards as mentioned in the quality control draft order schedule. Present BIS standards need alignment with international standards. Our standards are old and do not include hundreds of new grades which are being used globally. In the absence of Indian standards for those international standards/grades, applying BIS will mean loss of business which will kill the industry and the demand. The non availability of materials as per global standards will make the value added segment unviable to compete globally on quality.”
   
   He said “The demand from industrial segment is in India is around 35 % of the total stainless steel demand in the country. The balance demand for stainless steel is ABOUT 65% from the consumer segment which should actually be a source of major worry for the steel ministry since this sector does not conform to any international standards. The trade market is flooded with substandard materials as well as proprietary grades which are not conforming to any international or BIS standards. The quality control order excludes these major demands of non-standard grades from applicability thus exposing crores of innocent consumers to risk on health and safety. This will derail Make in India campaign of the Prime Minister and the vision of Zero Defect and Zero Effect.”
   
   Mr Ramachandran urged “We appeal that the matter needs re-examination since the draft Quality Control Order has serious implications on trade and industrial growth as well as health and safety of citizens.”
   
   Source : Strategic Research Institute
5. voda 15 september 2015 16:48

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   CORSMA writes to PM on safeguard duty on HRC imports
   
   Mr SC Mathur Executive Director of CORSMA in a letter addressed to Indian Prime Minsiter Mr Narendra Modi has pointed out that “Past three petition for the imposition of Anti Dumping duty on the imports of HR Coils were rejected by the designated authority and Calcutta and Delhi High Court as the allegation regarding the volume of imports, prices and injury to the domestic industry were misrepresented by the petitioners. Besides a petition for the imposition of Safeguard duty was rejected by the designated Authority in 2009 on similar grounds. In the circumstances there appears to be no justification for a relaxation of rule and regulations and impose a provisional duty of 20% without investigation as per the WTO regulation.”
   
   CORSMA letter alleged that “”The imports of Hot Rolled Coils were high during 2014-15 as the Indian producers despite a shortage situation exported over 1 million tonnes of Hot Rolled Coils, well below the global prices to maintain shortage situation in the domestic market. The industry has been hit by the high prices and monopolistic pricing by the five Hot Rolled Coil producers.”
   
   The letter also highlights that “”Besides, the data regarding production, imports, exports etc should be based on a five years data base commencing from 2010-11 to 2015-16. It may be pointed out that 2013-14 was one of the worst years for the Steel industry as the consumption and imports of Steel were at rockbottom and it can not be taken as a base year for investigations.”
   
   The letter urged that “CORSMA appeals that the petition for the levy of Safeguard duty on the imports of Hot Rolled Coils/Sheets and Plates may be rejected to avoid unnecessary litigation and straining of relationship with our trading partners. In any case there is absolutely no justification for the levy of a provisional duty of 20% as proposed by DG Safeguard in his recommendations. There is no emergency as assumed by DG Safeguard based on the information furnished by the three Petitioners. Hon. Minister of Finance, Governor Reserve Bank of India and other leading analysts have stated that the worst is already over and there will be no significant adverse impacts on Indian economy due to Chinese developments particularly due to strong base of domestic demand for the Indian industry.”
   
   Source : Strategic Research Institute
   
6. voda 15 september 2015 16:50

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   Turkey to appeal over US steel pipe duties to WTO
   
   Reuters reported that Turkey is considering lodging an appeal with the World Trade Organization against a US move to slap anti-dumping duties on imports of Turkish steel pipes. , an industry group told Reuters.
   
   Mr Namik Ekinci, the president of the Turkish Steel Exporters' Association (CIB), told Reuters “We firmly believe that the Turkish Ministry of Economy will take the case to the WTO. The ministry must consider several factors before making a final decision, but there is a strong indication and we expect the decision to be taken at the earliest."
   
   The CIB said Turkey's OCTG exports to the United States in 2014 accounted for just 1.7 percent of total arrivals. It declined to say how much they were worth but an industry source said the dollar value of the trade was 'significant'.
   
   The CIB said a U.S. finding that Turkey's largest industrial conglomerate, Erdemir, is a government entity that provides subsidised steel coils to Turkish pipe makers was incorrect.
   
   "Erdemir was privatized almost 10 years ago. (It) is publicly traded, most of their shareholders are pension funds from the U.S," said Ekinci. He added that Canadian authorities had ruled in a similar case that Erdemir is a private company, and therefore not providing government subsidies.
   
   In a big win for US steel pipe makers, the U.S. International Trade Commission ruled last year that imports of 'oil country tubular goods' (OCTG) from South Korea, India, Taiwan, Turkey, Ukraine and Vietnam would be subject to duties of up to 118 percent. But foreign producers appealed, winning a small victory earlier this month when the US Court of International Trade (USCIT) called for a recalculation of the sums used to determine duties on imports from South Korea.
   
   Source : Reuters
   
7. voda 15 september 2015 16:51

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   20% ad valorem safeguard duty on HR import imposed by India
   
   Finally, the safeguard duty on import of HR has been imposed by the Indian government. The findings of India's Director General Safeguard were recommended by a committee on Saturday and Finance Minsitry's Department of Revenue on Monday ie September 14th 2015 vide Notification No 2/2015-Customs (SG) imposed provisional safeguard duty of 20% ad valorem on imports of HRC for 200 days which is April 1st 2016
   
   The notification reads as under
   
   “Whereas, in the matter of import of "Hot-rolled flat products of non-alloy and other alloy Steel in coils of a width of 600 mm or more” (hereinafter referred to as the subject goods), falling under heading 7208 or tariff item 7225 30 90 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the Customs Tariff Act), the Director General (Safeguard), in his preliminary findings, published vide number G.S.R. 690 (E), dated the 9th September, 2015, in the Gazette of India, Extraordinary, Part II, Section 3, Sub- section (i), dated the 9th September, 2015, has come to the conclusion that increased imports of subject goods into India has caused and threatened to cause serious injury to the domestic industry/producers of subject goods, and any delay in application for provisional Safeguard duty would cause damage which would be difficult to repair, necessitating the imposition of provisional safeguard duty on imports of subject goods into India, and accordingly has recommended the imposition of provisional safeguard duty on imports of the subject goods into India”
   
   “Now, therefore, in exercise of the powers conferred by sub-section (2) of section 8B of the said Customs Tariff Act, read with rules 10 and 14 of the Customs Tariff (Identification and Assessment of Safeguard Duty) Rules, 1997, the Central Government after considering the said findings of the Director General (Safeguards), hereby imposes on subject goods falling under heading 7208 or tariff item 7225 30 90 of the First Schedule to the Customs Tariff Act, when imported into India, a provisional safeguard duty at the rate of twenty per cent ad valorem.”
   
   “The safeguard duty imposed under this notification shall be effective for a period of two hundred days (unless revoked, superseded or amended earlier) from the date of publication of this notification in the Official Gazette.”
   
   The following are not included in the scope of subject goods:
   a) Hot-rolled flat products of steel with nominal width less than 600mm;
   b) API grade steel;
   c) Silicon electrical steel;
   d) Hot-rolled flat products of steel of spring steel quality;
   e) Hot-rolled flat products of steel which are electrolytically plated or coated with zinc;
   f) Hot-rolled flat products of steel otherwise plated or coated with zinc; and g) Hot-rolled flat products of stainless steel.
   
   Source : Strategic Research Institute
8. voda 15 september 2015 16:53

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   Safeguard duty to likely raise steel prices by 7-8% - BofA-ML
   
   The Directorate General (DG) of Safeguards has recommended a 20% safeguard duty on import of hot-rolled flat products of non-alloy and other alloy steel in coils of a width of 600mm or more'' for 200 days. The duty has come on the back of; around a 20% decline in hot rolled coil (HRC) domestic prices; increased steel imports from China, Russia, and Ukraine as well as from free-trade-agreement (FTA) countries and significant profitability and market-share declines at Indian steel producers.
   
   BofA Merrill Lynch (BofA-ML), said, ''Safeguard duty imposition would likely raise steel prices by 7-8%, which in turn could lead to 35-40% & 20-25% upgrade in consensus EDITDA estimates, respectively for Steel Authority Of India (SAIL) and JSW Steel.''
   
   If the safeguard duty is imposed, BofA-ML expects that Indian steel would start trading at a 10-12% discount to imported steel costs. Even after assuming the new pricing normal will be at a 5% discount to the imported steel cost, Indian steel prices have 7-8% potential upside from the present level.
   
   Overall steel imports rose 67%, imports from FTA countries rose a whopping 96% in the same period. As per the FTAs, these countries are liable to pay only 1.2% import duty against the normal 12.5%. Interestingly, much of the import rise was driven by commodity-grade HRCs, which rose 143%.
   
   The current proposal is very similar to the safeguard duty on aluminum rolled products. In both cases, imports had led to declining market share of domestic producers and they started making losses. However, while aluminum rolled product capacity utilization had started to fall, in the case of steel, capacity utilization is stagnant, but inventory is increasing.
   
   Given the strong case of safeguard duty, BofA-ML believes that the Finance Ministry will approve the imposition of a provisional safeguard duty on steel. The DG is undertaking the enquiry for the imposition of final safeguard duty which can remain in force for long term. As highlighted in earlier paragraphs the case for steel makers appears to be strong. Assuming there is not any significant price recovery in the global market, the final duty may remain for a longer term compared to aluminum flat products.
   
   Source : Strategic Research Institute
9. [verwijderd] 15 september 2015 16:53

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10. voda 15 september 2015 16:55

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    Goa iron ore sale hits a soft patch and may hit mining
    
    PTI reported that the ongoing iron ore auction in Goa is struggling to find takers due to the subdued global economic sentiment as well as weakness in prices, something which is expected to impact mining of the ore in the state. According to industry sources, of the total of 3.5 million tonnes of iron ore under the hammer in the past three auctions (7, 8 and 9), only 0.77 million tonnes or 22%, was sold.
    
    Goa has around 15 million tonnes of iron ore that is being auctioned by the government. In the nine auctions so far, only 6.3-6.5 million tonnes has been sold, which the industry attributes to competitive prices of the ore in global markets.
    
    Goa mainly produces low grade iron ore (with iron content between 55-58%), which is mainly exported. The price of 58% ore has fallen to $37-38 while taxation on it is over 70%. There are a few takers for this as global prices of high-grade iron ore (Fe content over 60%) are hovering below $50 per tonne, the industry said.
    
    The Goa government is conducting e-auctions through the Metal Scrap Trading Corporation, which are being monitored by a Supreme Court-appointed committee. Goa's Directorate of Mines and Geology has identified 15 million tonnes of iron ore for auction.
    
    Clearing the auctioned cargo was expected to help early restart of mining operations, but it seems that lukewarm response to the auction will naturally delay the restart of mining in Goa as about 11 million tonnes of iron ore is still lying at various mines and jetties
    
    Mining in Goa has a 30% export duty on iron ore fines with Fe content of 58% and above and 10% for below this content. For iron ore lumps, the duty is 30%. There is a 5-10% levy for DMF and 10% on export price for the Goa Mineral Ore Permanent Fund Scheme.
    
    Source : PTI
    
11. voda 15 september 2015 16:55

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    CSLA sees iron ore seen headed below USD 50 as permanent decline looms
    
    According to CLSA Ltd, iron ore will tumble back below USD 50 a tonne next year as expansion of low cost output from the biggest producers eclipses supply exits as China’s annual imports are poised to drop from 2017. CLSA analysts including Mr Ian Roper said in a report published last Thursday said “Prices will average USD 46 a ton in 2016 and USD 45 a ton in 2017 and 2018.”
    
    According to the report, declining steel consumption, which peaked last year, and the use in China of more scrap metal in steel production will see the nation’s iron ore imports fall about 8 percent between 2017 and 2020. It said “The seaborne iron-ore market will be in permanent decline tonnage-wise from 2017 as Chinese steel demand passes its peak and scrap generation in China starts to accelerate.”
    
    CLSA forecasts that China’s iron ore imports will peak next year at 975 million tonnes.
    
    Iron ore has whipsawed in 2015, tumbling to a six-year low in April amid rising output and weaker growth in China, before it rebounded into a bull market the same month. The material touched a new low at the start of July as some banks predicted prices would fall below USD 40, before rallying into another bull market and reaching a two-month high of close to USD 60 last week
    
    CLSA’s Roper said “With the largest producers from Vale SA to BHP Billiton Ltd. committed to further expansion of output, lower prices are needed to force the exit of higher cost suppliers. While 148 million tons of seaborne supply has been shuttered since late 2013, net global exports will grow by 10 million tonnes this year.”
    
    Source : Bloomberg
    
12. voda 16 september 2015 16:28

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    China MCC20 Group to build new BF for Rizhao Steel
    
    Shanghai-based China MCC20 Group (MCC20), a subsidiary of China Metallurgical Group Corporation (MCC), has won a tender for the first segment of No.1 5100 m3 furnace project in the steel base of Shandong Province-based Chinese steelmaker Rizhao Steel Holding Group Co. (Rizhao Steel), as announced by MCC on September 11.
    
    The project in question is to build a new 5100 m3 of blast furnace system. The construction will start in October 2015 and will be completed in June 2017, with a construction period of 600 days long.
    
    Source : SteelOrbis
    
13. voda 16 september 2015 16:32

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    Iran holding 1st steel conference
    
    IRNA reported that the first Iranian Iron and Steel Conference started work Tuesday in this island in the Persian Gulf, south of Iran. The conference opened in the presence of Minister of Economic Affairs and Finance Ali Tayyebnia.
    
    Iron and Steel Conference aims to introduce Iran's capacities as well as the latest technological industries and achievements in the related areas.
    A number of prestigious domestic and foreign companies have attended the conference.
    
    The foreign participants are from 25 world states including Italy, Germany, Switzerland, Japan, Britain, Finland, Russia, China, India and UAE.
    
    Source : IRNA
    

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14. voda 16 september 2015 16:32

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    NLMK replaces 2 underground conveyors at Stoilensky within 10 days
    
    NLMK Group has replaced two obsolete conveyors at the Stoilensky ore crushing unit, successfully completing a unique project of reconstruction of an important link in the Company's integrated production chain. A total of around 30 million tonnes of ore bulk is transported via conveyors each year. This equipment has worked without backup for more than 30 years, and following a significant increase in production the load placed on them has spiked. Conveyor breakdowns can cause lengthy stoppages leading to a slump in the productivity of the entire plant.
    
    Source : Strategic Research Institute
    
15. voda 16 september 2015 16:33

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    Unions call on government to support UK steel industry in wake of SSI troubles
    
    Reuters reported that worker unions have called on the British government to do more to support the country's steel industry following media reports that some 2000 jobs are directly at risk at SSI UK, the country's second largest steelmaker.
    
    A spokesman for the Community union in a statement “While we appreciate the incredibly difficult market conditions faced by all UK steel producers, we believe a lack of support from the UK government in vital areas such as energy, environmental and business taxes and procurement threaten the very future of the UK steel industry.”
    
    The UK Department for Business, Innovation and Skills said: "The steel industry is facing difficult global economic conditions but government is working closely with the sector. We have provided steelmakers with millions of pounds in compensation for energy costs and recently voted to extend anti-dumping measures on certain Chinese steel products. It would continue to talk to companies like SSI and provide support where it can.”
    
    SSI, Southeast Asia's largest fully integrated steel sheet producer, bought the Redcar plant in Teeside, northeast England, from Tata Steel for about $500 million in 2011, restarting the mothballed slab plant the following year. It is feared that tens of thousands of jobs in the economically-deprived region could be affected by permanent closure.
    
    Source : Reuters
    
16. voda 16 september 2015 16:34

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    Hyundai new Elantra using lightweight high strength steel
    
    Automotive News reported that higher engine output, better fuel economy, improved driving dynamics – three key attributes of a redesigned Hyundai Elantra achieved, it is claimed, through the use of lightweight high-strength steel and an overhauled suspension.
    
    The Elantra is claimed to be slightly longer and wider and more rigid thanks to a 32% boost in the use of high strength steel, claims Automotive News.
    
    The new model Elantra will appear at November’s Los Angeles Auto Show and will go on sale in South Korea (as the Avante) this year.
    
    A US version of the car is being manufactured in Montgomery, Alabama.
    
    Source : Automotive News
    

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17. voda 16 september 2015 16:36

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    GMS update on shipbreaking in Bangladesh in Week 37 - FRUSTRATIONS MOUNT!
    
    The BSBA cartel once again witnessed all available tonnage head to competing markets in yet another frustrating week of (in)activity.
    
    The lowly pegging of prices coupled with some bullish moves by the Indian market and cash buyers alike has deprived Chittagong end users of tonnage since the formation of the cartel.
    
    As a result, for the first time in a long time, local port position remained completely empty.
    
    With a few more juicy vessels, including larger LDT capesize bulkers and container vessels coming into the market, Bangladeshi buyers may continue to miss out on the opportunity to snare some good vessels at decent prices to even out some of the heavy losses from the year.
    
    Source : GMS
18. voda 16 september 2015 16:37

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    Steelmakers welcome levy of safeguard duty on imports
    
    The Hindu reported that welcoming the government’s move to impose safeguard duty on steel imports, the Indian industry on Tuesday said it should help in curbing predatory pricing and surging imports.
    
    Tata Steel MD Mr TV Narendran said “Government of India has recognized the issues being faced by the domestic steel industry arising out of dumping of steel from countries having surplus steel capacities. The safeguard duty should help in curbing predatory pricing and surging imports which has seen an increase of about 60 per cent over the corresponding period of last year.”
    
    Essar Steel’s chief commercial officer Mr H Shivramkrishnan said “This decision is a step in the right direction and recognizes that the surge in import of hot rolled steel coils at unfair prices is a serious threat to the survival of the Indian steel industry.”
    
    Source : The Hindu
    
19. voda 16 september 2015 16:38

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    POSCO to settle CRGO electrical steel case with Nippon Steel – Report
    
    Hani.co.kr reported that POSCO is set to pay 300 billion won (US$254 million) in compensation to Japan‘s Nippon Steel for business secrecy and patent violations in connection with technology for grain-oriented electrical steel (GOES). POSCO would also be required to pay royalties when exporting electrical steel and engage in consultation before making decisions on regional export quantities.
    
    In exchange, Nippon Steel is to withdraw suits that it has filed in South Korea, Japan, and the US.
    
    Some company insiders told Hankyoreh on Septemebr 13 that POSCO is planning to ink the deal with Nippon Steel shortly, with details to be announced around the long Chuseok harvest holiday later this month.
    
    Nippon Steel first filed suit with Tokyo District Court for business secrecy and patent infringement in April 2012, alleging that POSCO had acquired GOES manufacturing technology by hiring its former employees as advisers. It also filed a similar suit with the US District Court for New Jersey demanding the equivalent of around one trillion won (US$847 million) in damages.
    
    POSCO countered in July 2012 with an absence of liability case in Daegu District Court. It also requested patent invalidation trials with the US Patent Office in September 2012 and the South Korean Intellectual Property Trial and Appeal Board in April 2013, which are still ongoing. But the company appears to have decided it would be better to strike a deal than to continue the legal battle,
    
    Source : Hani.co.kr
    
20. voda 16 september 2015 16:40

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    Voestalpine Grobblech GmbH to supply 95000 tonnes steel to sour pipeline project in the Abu Dhabi
    
    Austria’s voestalpine Group has secured another major contract in the pipeline segment of today’s highly competitive energy sector. voestalpine Grobblech GmbH, a company in the Group’s Steel Division, will deliver 95,000 tonnes of premium linepipe plates for the IGD-E natural gas project in Abu Dhabi, in the United Arab Emirates.
    
    Through to spring 2016, this business deal ensures excellent capacity utilization in Linz, Austria, where this leading provider of sophisticated linepipe plates is based.
    
    Having succeeded in demonstrating the quality of its products, voestalpine Grobblech GmbH is supplying its long-term partner, Indian tube manufacturer Jindal SAW, with 95,000 tons of sour-gas-resistant linepipe plates for the pipeline construction. The material will be processed on site into pipes with a diameter of around a meter (42 inches) by the partner company on behalf of gas company GASCO which is in charge of the project.
    The delivery period for the contract runs from October 2015 to March 2016.
    
    Over the next two years Abu Dhabi, the capital of the United Arab Emirates, is constructing a 114km high-pressure IGD-E pipeline to supply natural gas extracted in the Arabian Gulf to the city, in order to meet its 15% annual growth in demand for natural gas. Construction is scheduled for completion in 2017, enabling an additional eleven million cubic meters of natural gas to be produced and piped daily.
    
    Mr Wolfgang Eder, Chairman of the Management Board of voestalpine AG said “The challenge of the IGD-E natural gas project lies in the need to transport sour, i.e. unrefined, gas. This places extreme quality demands on the transport pipeline itself. Production of the linepipe plates is regarded as highly quality-critical: The pipes require especially thick walls of 42 to 46 mm in order to withstand extreme operating pressures, as well as the necessary material strength.”
    
    Mr Herbert Eibensteiner, Member of the Management Board of voestalpine AG and Head of the Steel Division added “Only a very few manufacturers worldwide are able to meet these particular specifications. This major contract not only ensures capacity utilization at our plants over the coming months, it also confirms our position as the global market leader in this demanding product segment.”
    
    voestalpine Grobblech GmbH is currently investing in a new quarto rolling stand at the site in Linz in order to further optimize the manufacturing process (completion scheduled for November 2015).
    
    Source : Strategic Research institute