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1. voda 4 oktober 2015 15:35

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   Goa iron ore mining resumption date still a mystery
   
   Herald reported that it’s October and though Goa’s major mining firms had announced they would commence extraction of iron ore this month, uncertainty on resumption of mining continues. Considering the falling prices of low-grade ore in the international market and with nearly 7.5 million tonnes of extracted ore lying unsold at jetties, leases and other identified plots, there is no date that can be fixed as to when actual fresh iron ore extraction will begin.
   
   Added to this is the challenge before the Supreme Court of the second renewal of 88 leases, wherein the petitioner has demanded an interim stay on these lease operations. The petition is expected to be heard next week.
   
   Speaking to Herald, Goa Mineral Ore Exporters Association (GMOEA) secretary Glenn Kalavampara said mining companies have initiated preparatory acts to begin mining related activities this month. He said “However, it will not be possible to say exactly when the actual extraction process will begin.”
   
   The State’s leading mining firms like Vedanta, Fomento Resources, V M Salgaocar Brothers and Chowgule have announced resumption of their business from this season. However, the biggest hurdle in the resumption is the 7.5 million tonnes of ore lying unsold. The government had identified 15 million tonnes of extracted ore (prior to September 2012 ban) for export. The Supreme Court has directed fresh production cannot commence until this ore is sold via e-auction.
   
   Directorate of Mines and Geology (DMG) through Metal Trading Corporation (MTC) has until date undertaken 12 e-auctions. Of the 15 million tonnes, the government has e-auctioned 7.5 million tonnes, of which only 2.486 million tonnes of ore have been transported of which a few lakh have been exported to China. The balance 5 million tonnes of auctioned ore continue to lie at the sites and jetties.
   
   Source : Goa Herarld
   

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2. relic 5 oktober 2015 10:15

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   www.telegraaf.nl/dft/nieuws_dft/24573...
   
   zo 04 okt 2015, 19:46
   Kompels Zuid-Afrika leggen het werk neer
   JOHANNESBURG (AFN) -
   Tienduizenden mijnwerkers van kolenproducenten in Zuid-Afrika hebben zondag het werk neergelegd. Met de staking proberen ze een doorbraak te forceren in de vastgelopen onderhandelingen over betere arbeidsvoorwaarden en meer loon. Een woordvoerder van vakbond NUM bevestigde dat de acties zijn begonnen.
   De bond verwacht dat circa 30.000 van haar leden deelnemen aan de acties. De kompels zijn in dienst van onder meer mijnbouwers Anglo American, Glencore en Exxaro Resources. Ze eisen een loonsverhoging van 15 procent. In het land zijn circa 90.000 mensen werkzaam in de kolenmijnen.
   Vorig jaar legden tienduizenden kompels in Zuid-Afrika ook al eens voor lange tijd het werk neer. Die staking heeft de Zuid-Afrikaanse economie hard geraakt.
3. voda 5 oktober 2015 20:36

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   Salboni land losers want steel plant and not land
   
   Business Standard reported that tt's been nine months since West Bengal Industry and Finance Minister Amit Mitra called on JSW Steel Chairman and Managing Director Sajjan Jindal in Mumbai to convey the growing discontent among land losers at Salboni in West Medinipur district of West Bengal, the site for a proposed 10-million-tonne steel plant, following inordinate delay in its implementation. At once, Jindal decided to return the private land parcels he had purchased for the project. This had the semblance of a win-win solution - JSW would buy peace with the land losers and the state government, and Chief Minister Mamata Banerjee, who came to power by spearheading land agitation movements, would be suitably mollified.
   
   But the land losers of Salboni sprang a surprise; they refused to take back the plots offered. Now, they would settle for nothing less than the project.
   
   "We didn't give the land to take it back. We want the project," says Sisir Mahato, 25, the son of a land loser. He has been jobless since 2007, when JSW Steel signed a development agreement with the then Left Front-led West Bengal government for a 10-mt steel plant and a 1,600-Mw power plant. It was to be the single-largest investment in the state.
   
   The Mahatos didn't make much from their single-crop land. In a good year, their earnings would be about Rs 2,000 a month. But by virtue of having the land, Mahato received training at the JSW site, as part of a rehabilitation package that included compensation, free shares and a job per family. Had the project taken off, a job at the plant would have secured his future.
   
   Mahato's training stopped sometime around mid-2014. In December last year, the steel project was officially put on hold. Without coal and iron ore, it was difficult to go ahead with the project, he said.
   
   Recently, Jindal announced a 2.4-mt cement plant would be set up on 134 acres, at a cost of Rs 700 crore. During the construction phase, 1,000 people would be required for the project and once operational, it would employ 150 people. A 300-Mw captive power plant would also come up at some point.
   
   Timeline
   
   2008
   November: Then West Bengal CM Buddhadeb Bhattacharjee lays steel plant's foundation stone
   
   2009
   June: Sajjan Jindal says the project has been delayed due to the global financial crisis
   
   2011
   July: CM Mamata Banerjee publicly expresses disapproval over delay in the project
   August: Rumblings about JSW land acquisition start
   September: Jindal meets CM; Banerjee says all issues will be resolved
   
   2014
   December: Sajjan Jindal says will return private land
   
   2015
   September: Jindal announces cement plant and captive power plant at Salboni
   
   Source : Business Standard
   
4. voda 5 oktober 2015 20:36

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   Metinvest starts supplying steel products with Ukrainian and EU quality certifications
   
   In October 2015, Metinvest has launched supplies of rolled plates certified in accordance with both EN 10025-2 and GOST 14637 for sale in Ukraine. Local steel structure and machinery manufacturers can now buy plates that are in stock to produce goods both for the domestic market and for export. Semi-finished products or export orders according to EU standards were previously produced by special order, which substantially extended lead times.
   
   Source : Strategic Research Institute
5. voda 5 oktober 2015 20:38

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   86 percent work done at iron ore pellet plant at Essar Steel Minnesota
   
   Star Tribune reported that as debt repayment talks continue with the state, Essar Steel Minnesota last week is touting the better than predicted progress made in Nashwauk, the site of a controversial taconite plant that missed a critical October 1 construction deadline.
   
   Essar Steel Minnesota said the massive USD 1.9 billion mine and iron pellet production project is now 86 percent built and has 720 construction workers. That’s higher than the 600 jobs and 58 percent completion rate previously estimated by state officials
   
   Mr Mitch Brunfelt, Essar Steel’s assistant general counsel, in an interview with the Star Tribune said “In addition Essar has been adding to its own staff and now has 125 of its own employees working on the construction project.”
   
   In 2007, Essar promised that by Oct. 1 it would build Minnesota’s only integrated iron ore-to-steel mill on the Iron Range. The agreement detailed plans for mining operations, a taconite plant, a direct-reduction iron production plant and a steel plant. But today, Essar’s plans for a steel mill are dead. Instead, the company is building a iron-ore pellet plant. The state does not have a steel production mill, but already has seven taconite plants.
   
   The change in plans and the failure to meet the Oct. 1 deadline means the state can make Essar reimburse the subsidies. Essar officials have said economic conditions caused the delays and changes — iron and steel producers are suffering from a global slowdown and shutting facilities in droves.
   
   Source : Star Tribune
   
   
6. voda 5 oktober 2015 20:39

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   Government has done everything it can to save Teesside steel - Mr Cameron
   
   Gazette Live reported that UK Prime Minister Mr David Cameron said that his Government had done everything it can to help save steelmaking on Teesside. Mr Cameron however said the state will be there at every step of the way to support workers but his government could not give funds to help the industry continue in Redcar because SSI had never made a profit.
   
   Speaking to BBC Look North, Mr Cameron said: “We have done everything that we can to help.
   
   He said “Obviously it is a very difficult day to hear this news but be clear that we will be there with financial support, with help GBP 80 million is being made available to help people start their own business to help people get the training they need. We will be there every step of the way to help following this very difficult news.”
   
   Mr Cameron said that his government has supported the industry.
   
   He said “This business has never turned a profit have always been in loss, steel prices have collapsed the world over and the judgement we make that it is best now to put this GBP 80 million to get the skills, to get the jobs and we will do everything we can.”
   
   When told that many steelworkers want to carry on using their skills in the steel industry, Mr Cameron continued “Of course I understand that. It was obviously very good news when this steel works reopened some years ago, but the fact is it has never been able to make a profit it has been affected by the world steel prices. We have helped in every way we can. We have set out an infrastructure plan for the country to see how much steel has been demanded. We have voted to make sure that proper penalties were put on the Chinese for dumping of steel products and we have given help to steel companies as high energy users running into many millions of pounds. The best we can do is to help these people with a package, bigger frankly than the package the last Labour Government put in place, the last time it was affected.”
   
   Local MPs Tom Blenkinsop and Anna Turley believe that the Government could still have done more by committing funds to help the site be mothballed safely and without further damage to the assets - which could allow the plant to be brought back online when the steel market recovers. They have accused the Government of “throwing in the towel” but vow to “fight on” and continue negotiating with receivers to secure the site for the future.
   
   Source : Gazette Live
   
7. voda 5 oktober 2015 20:40

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   CRFH imports into India to surge on imposition of safeguard duty on HR
   
   The Hindu Business Line reported that the recent levy of 20 per cent safeguard duty on hot rolled steel coils has driven away the first level of value addition in steel processing to the foreign shores. As per report, major importers are now booking cold rolled (full hard) coils for delivery later this month almost at the same price they were shipping in HR coils before the duty was levied.
   
   The report quoted a steel company official as saying that “Importers have booked cold rolled full hard at USD 320 a tonne CFR India from China for delivery in October. Similar offers are being made by Barzil, Russia, Korea and Japan, the countries which are most hit by the safeguard duty.”
   
   Before the duty was levied, hot rolled coils was the preferred import consignment. The current trend will not only hit large integrated steel producers, such as Tata Steel, Essar Steel, and Sail, that produce HR coils, but also the stand alone re-rollers who were producing CR coils.
   
   Cold rolled steel is the first value addition to hot rolled coils produced by steel companies.
   
   Source : The Hindu Business Line
   

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8. voda 5 oktober 2015 20:41

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   Vietnam Deputy PM seeks report on steel imports
   
   VNS reported that Vietnam’s Deputy Prime Minister Mr Hoang Trung Hai has asked the Ministry of Industry and Trade to issue a report on domestic steel producers that are facing stiff competition from cheap imported steel.
   
   Vietnam News Agency reported last week that cheap imported steel is a concern to domestic producers. According to local producers, they must compete against a surplus of cheap steel imported by Chinese steel producers.
   
   According to Mr Wong Chao-Tung, President and Chief Executive Officer of the China Steel Sumikin Joint Stock Company, the US' anti-dumping investigation into China's steel trade has led China to ship its surplus of steel to Southeast Asian countries, including Viet Nam. Mr Wong said his company is collecting information to file complaints to the Viet Nam Competition Authority.
   
   Viet Nam Steel Association Vice Chairman Mr Nguyen Van Sua said the amount of imported steel in July exceeded 1.72 million tonnes, a 4.8 per cent increase from the previous month and a 62.1 percent rise year-on-year. With a value of $792 million, it is up 10.5 per cent from the same period last year.
   
   In the first seven months of 2015, Viet Nam imported 8.43 million tonnes of steel worth $4.47 billion, up 38.6 per cent in volume and 9.3 per cent in value year-on-year. Of that amount, imports from China amounted for more than five million tonnes, or nearly 60 per cent of the supply - up 76 per cent from last year.
   
   Source : VNS
   
9. voda 5 oktober 2015 20:43

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   British taxpayer lending Evraz GBP 45 million
   
   Management Today recently reported that Russian steel and mining giant Evraz is due to receive a GBP 45 million loan from Britain's export credit agency. The loan is part of the UK Export Finance 'direct lending' scheme launched last year by the Government in a bid to meet its target of doubling exports by 2020. The scheme lends money to overseas importers of British goods and services in the hope that it will create jobs in the UK.
   
   According to the Times, Evraz will use some of the cash to pay Primetals Technologies to upgrade its steel factory in northern Canada. Primetals is based in London and has an office in Sheffield, though it also has operations across Europe and Asia.
   
   UKEF says all the appropriate checks were made, and the point of direct lending is to help the UK win business with companies that aren't able to access credit easily. If the loan does help improve the economy of Sheffield then it won't be totally without merit.
   
   The news contrasts sharply with what's going on in Britain's own steel industry. That the government is lending to billionaires to help them build a steel mill while letting the SSI plant in Redcar be mothballed will not go down well with some.
   
   It's all-the-more controversial because Evraz's credit rating is less than shining, 'towards the safer end of the junk bond spectrum,' according to the Times.
   
   Source : Management Today
   
10. voda 5 oktober 2015 20:45

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    Metalloinvest launches the largest pellet plant in Russia
    
    Metalloinvest has launched Russia’s largest pellet plant at Mikhailovsky GOK. Pellet Plant #3 (PP-3) is a unique project in terms of its scale and significance, in which the Company invested over RUB 16 billion. The completion of the plant construction enables Metalloinvest to increase pellet output capacity by 5 million tonnes to 27.6 million tonnes a year and create 600 additional work places in the region.
    
    Source : Strategic Research Institute
    
11. voda 5 oktober 2015 20:45

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    TMK and Sakhalin Energy sign a memorandum of cooperation for Sakhalin-2
    
    Sakhalin Energy and TMK, one of the world’s leading producers of tubular products for the oil and gas industry, have signed a memorandum of partnership for TMK premium threaded connection pipes to be used by Sakhalin Energy.
    
    Source : Strategic Research Institute
12. voda 5 oktober 2015 20:47

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    NLMK and NOVATEK sign 5-year contracts for supply of natural gas
    
    NLMK Group, Russia’s leading steel-making company; and one of the most efficient steelmaking companies in the world, has signed long-term agreements with NOVATEK for the supply of natural gas to all of NLMK
    Group’s Russian production facilities.
    
    Source : Strategic Research Institute
    
13. voda 5 oktober 2015 20:49

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    Chinese crude steel output in 8 months dip by 2% YoY
    
    Xinhua reported that China's crude steel output continued to decline in August. According to the National Development and Reform Commission, Crude steel production dipped 3.5 percent year on year to 66.94 million tonnes in August, compared with a 1 percent increase in the same period last year
    
    In the first eight months of 2015, output fell 2 percent year on year, after the first seven months dropped 1.8 percent year on year, and the January-June period posted the first half-year drop in nearly 20 years, earlier figures showed.
    
    China's once sizzling steel industry has cooled as the economy shifts gear from double-digit growth to 7 percent expansion in the first half of this year, hurting industry profits and forcing factories to close.
    
    In the first half of the year, medium- and large-sized steel producers suffered losses of 21.7 billion yuan (3.4 billion U.S. dollars) in their main businesses, losing 16.8 billion yuan more than the same period of last year, according to data from the China Iron and Steel Association.
    
    Source : Xinhua
    
14. voda 5 oktober 2015 20:53

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    UK government will not put a single pound into SSI coke ovens
    
    The Northern Echo reported that Business Secretary Sajid Javid has warned tha any Government cash put into the closed SSI steelworks in Redcar would risk being swallowed up by the Thai banks which backed its bankrupt owners. Mr Javid said the Government would take action to help the 1,700 steelworkers to find new work, but would not put a single pound of taxpayers' money in to keep the plant's ovens going. He He however suggested it was still possible for liquidators to find a commercial deal which would allow some of the jobs at the plant to be saved.
    
    Mr Javid told BBC1's Sunday Politics "We don't own the ovens, they are owned by a company in Thailand. It's been made clear to me that both these companies are now in bankruptcy and if we put a single pound of British taxpayers' money into the company, there is no guarantee it would help a single British worker. It would help banks in Thailand and I am not going to use British taxpayers' money to bail out Thai banks. I will use British taxpayers' money to help British workers.”
    
    He said "Right now, the company is under the control of a liquidator. Who knows what might happen next in terms of a commercial agreement? Is this an attractive asset? Some jobs may be saved. "Regrettably, some jobs will certainly be lost. My job is to make sure we are providing those workers with whatever support we can."
    
    Mr Javid said it was of course not good when anyone is losing their job and said workers at the Teesside plant were facing very challenging, difficult circumstances.
    
    He added "I have to focus on what the British Government can do. I can tell you, I can't change the global price of steel. It has collapsed by half in the last 12 months. There are 300 million tons of excess capacity. That's about 20 times Britain's total production each year. I can't change that. What I can do is help those workers get back into work. One reason we can do that is because we have a growing economy. The other reason we can do that is we can use some of the strength of the economy to help people retrain, get people back into work, help the north-east economy and help it grow."
    
    Source: The Northern Echo
15. voda 5 oktober 2015 20:55

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    Tata Steel Kalinganagar steel plant to start in next FY
    
    PTI reported that Tata Steel is set to commission the first phase of its Kalinganagar plant, where it has invested INR 22,000 crore so far, in the next fiscal. Tata Steel MD Mr TV Narendran told PTI “We have already started commissioning some of the facilities. So over the next few months one by one all the facilities will get commissioned. Our guidance has been next to this financial year so we stick by the guidance.”
    
    Mr. Narendran said so far the company had spent about INR 22,000 crore on its greenfield project.
    
    The first phase of the facility to be set up at a total investment of INR 25,000 crore saw commencement of coke production from its coke ovens last month.
    
    The Kalinganagar project in Odisha is being established in two modules of three million tonnes each and would roll out high-end flat products. In the first phase, the steel plant will have two Coke Oven battery, each comprising 88 ovens and having a gross coke production capacity of 1.5 million tonnes. According to Tata Steel, during the first phase, the blast furnace will have a capacity of 3.3 million tones of hot metal while the Sinter plant will have a capacity of 4.91 million tonnes. The Steel Melting Shop and the Hot Strip Mill will have capacity of 4.1 million tonnes and 3.5 million tonnes, respectively.
    
    Source : PTI
    
16. voda 5 oktober 2015 21:13

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    China's excess crude steel capacity to widen global gap to 700 million tonnes in 2016
    
    Nikkei reported that China's economic slowdown is causing a serious supply glut in steel and other resources, putting downward pressure on prices. Overcapacity is upsetting the global supply-demand balance. UBS Securities expects China's crude steel capacity to exceed consumption by 441 million tons in 2015. The supply-demand gap will grow to be nearly three times wider than it was five years ago.
    
    China accounts for half of the global steel production. It produced about 820 million tons of crude steel in 2014. Refineries in China were expanded due to increased investment in construction after the 2008 global financial crisis. The country's crude steel capacity stands at about 1.16 billion tons, up 60% over the last five years.
    
    Growth in domestic demand has slowed in recent years due to sluggish real estate investment. China's crude steel consumption came in at 747 million tons in 2014, falling into the negative territory for the first time in about 20 years. With ever-increasing crude steel production peaking, the capacity utilization rate of China's refineries was about 70% on average, falling by about 15 points over the past decade.
    
    To resolve excess capacity, Beijing urged local governments to curb unregulated capacity expansion in autumn 2013. The country aims to raise its capacity utilization rate to more than 80% by 2017 in its new plan, formulated this spring. UBS Securities estimates that China's crude steel capacity will peak at 1.17 billion tons in 2016. However, steel capacity will remain roughly unchanged and the utilization rate will drop to the 60% range.
    
    The gap between global crude steel capacity and consumption appears likely to widen from 428 million tons in 2010 to 700 million tons this year. It will likely take time before the China-led global steel glut is resolved.
    
    Source : Nikkei
    

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17. [verwijderd] 6 oktober 2015 09:50

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    seekingalpha.com/article/3550336-raw-...
18. voda 6 oktober 2015 16:59

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    Court monitor backs US steel proposal to suspend retiree benefits
    
    CBC Newsreported that the court-appointed monitor has agreed in a report October 2 with the steelmaker that it will have to stop operating soon if it doesn't implement financial measures that include suspending payments for other employment benefits to pensioners (OPEBs) and some pension benefits.
    
    The monitor also agrees hat USSC needs a reprieve from its property taxes. Both are allowances USSC has requested as it seeks extension of its Companies' Creditors Arrangement Act (CCAA) bankruptcy protection, which is scheduled to end in December.
    
    The monitor, in his report acknowledges the concerns of the union and agrees that this will impact many individuals who have no responsibility for what has happened.
    
    But he argues it is the only way to keep the company operating, saying: "The unfortunate (but inevitable) fact is that USSC does not have access to liquidity or financing to honour these obligations," adding that if the order is not made the company would have to temporarily cease operations.
    
    The monitor's report is disappointing, said Mr Gary Howe, president of the United Steelworkers Union Local 1005. But it's not unexpected. He said "In every single monitor's report, they've steered the way of US Steel Canada.”
    
    He added “The scheduled court appearance on Wednesday and Thursday, where USSC will argue in favour of suspending OPEBs and property taxes, makes it a really critical week for us. This is utterly appalling and I've even used the words unthinkable."
    
    The court hearings are scheduled to take two days.
    
    Source : CBC News
    
19. voda 6 oktober 2015 17:00

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    Victorian steelworks under threat from nearby bushfire
    
    9 News reported that almost 30 firetrucks are battling a bushfire which is threatening to spread to a nearby steelworks at Tyabb, south of Melbourne.
    
    CFA firefighters were called to reports of a tree fire in Denham Street at around 6.30am.
    
    The fire has since spread through the neighbouring recreational park, with crews battling to prevent the blaze from spreading.
    
    Fire crews are working hard to protect the Western Port Bluescope Steel plant. While flames are on the factory's property, it hasn't reached any of the buildings.
    
    Source : 9 News
    

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20. voda 6 oktober 2015 17:01

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    JPMorgan sees Chinese steel exports stabilizing on waves of protectionism
    
    Bloomberg reported that according to JPMorgan Chase & Co, steel exports from China will probably peak in 2015 as the doubling of shipments over the past two years spurred a wave of protectionism around the world and net exports from the top producer will plateau at about 90 million tonnes a year, with gross shipments seen at about 105 million tonnes
    
    It said “Net shipments from China may total 86 million tons this year, 87 million in 2016 and 83 million the year after that, according to the bank. The 2020 figure was put at 90 million and was unchanged through to 2035.”
    
    It said “Booming steel exports have helped steel production hold up relatively better than steel demand, but we believe exports have reached a peak. With Chinese exports doubling in the last two years, waves of protectionism measures have been triggered globally.”
    
    China’s shipments of steel ballooned to a record this year as mills confronting shrinking domestic demand and slowing economic growth are seeking increased overseas sales, driving down global prices and spurring trade tensions from the US to India and Africa.
    
    Mills outside China are pushing back. ArcelorMittal South Africa has asked the government to extend tariffs on imports. The European Union steel industry is seeking data to file a complaint to the European Commission alleging that Chinese exporters are selling hot-rolled coil in the EU below-cost, a practice known as dumping.
    
    Source : Bloomberg