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1. Padre 25 april 2016 16:20

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   weet iedereen toch hoef je geen analist voor te wezen :)
   
2. voda 25 april 2016 17:18

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   Induction tomography - New technology being developed
   
   STV last week reported that Dr Manuch Soleimani's Shell-Thick project aims to develop a system for assessing the solidification process of metal. The system would significantly improve the continuous casting process of steel by providing a reliable method of measuring the molten steel to detect any defects or fails as it solidifies and becomes a market product. He said “By enabling industry to continuously monitor and alter the cooling process of steel, the method will improve the quality, safety, productivity, costs and competitiveness of the UK and EU steel industries.”
   
   Dr Soleimani, from the University of Bath, has received an EU Horizon 2020 grant to lead the three-year project.
   
   He said "We are delighted to play a critical part in this project by using world-leading techniques in our engineering tomography lab, in the area of electromagnetic imaging. This is an exciting and yet very challenging project that will have a great impact in helping in the competitive production of high quality steel, which is very important for the sustainable future of the UK and European steel industry."
   
   Induction tomography is a new and emerging non-invasive imaging technique used in a number of applications including medical diagnostics, geophysical exploration and civil engineering.
   
   Source : STV

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3. voda 25 april 2016 18:53

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   India Ratings downgrades Uttam Galva Steels to default
   
   ET reported that rating agency India Ratings has downgraded Uttam Galva Steels to default, citing ongoing delays in debt servicing since February this year due to liquidity stress.
   
   The agency said the challenging operating environment and the company's inability to refinance its long-term borrowings according to its earlier proposed refinancing scheme were causing delays in debt servicing.
   
   India Ratings director Sudarshan Shreenivas said "One of Uttam Galva's lenders has confirmed to the agency about the company's continuous overutilization of the fund-based lines in excess of 30 days in March 2016. The company is also delaying servicing of its term debt obligations."
   
   Uttam Galva is not likely to benefit materially from the imposition of minimum import price (MP) in January 2016 as this would primarily benefit integrated steel companies, the agency added.
   
   Source : Economic Times
4. voda 25 april 2016 18:55

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   Canada extends 2011 anti-dumping measures on steel gratings
   
   The Canada Border Services Agency is to continue imposing anti-dumping measures and duties on steel gratings imported from China following a review by a trade tribunal. The Canadian International Trade Tribunal decided to renew an earlier decision made five years ago in relation to the dumping and subsidising of Chinese steel gratings.
   
   The tribunal found that the dumping and subsidising were likely to result in injury. The Canada Border Services Agency will therefore continue to impose anti-dumping and countervailing duties on this product.
   
   The finding covers carbon steel bar grating and alloy steel bar grating consisting of load-bearing pieces and cross pieces, produced as standard grating or heavy-duty grating, in panel form, whether galvanized, painted, coated, clad or plated, originating in or exported from the People’s Republic of China
   
   The tribunal is an independent quasi-judicial body that reports to parliament through the minister of finance. It hears cases on matters including dumped and subsidised imports, and appeals of customs and excise tax rulings.
   
   Source : The Construction Index
   

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5. voda 25 april 2016 18:56

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   Australian construction firms promise to buy more steel from Arrium
   
   Sydney Morning Herald last week reported that some of Australia's construction heavyweights including John Holland, Lendlease and billionaire Harry Triguboff's Meriton Apartments have all pledged to buy more structural steel from Arrium to help the collapsed steelmaker.
   
   The administrator of Arrium, Mark Mentha, said on Friday that he had been overwhelmed with the phone calls and offers of support as he sets about trying to restructure the company, with BlueScope Steel chief executive Paul O'Malley also offering his expertise and advice after spearheading a solid turnaround at the Port Kembla steelworks in NSW following difficult times.
   
   Pressure has been mounting on governments to mandate the use of Australian steel on government projects. Opposition Leader Bill Shorten on Thursday outlined plans to "maximise" the use of locally made steel as part of a six-point plan to support the Australian metals industry.
   
   Fabricators that import steel and fashion it into finished products in Australia could be squeezed if governments and private sector operators such as John Holland and Lendlease favour local steel.
   
   Source : Sydney Morning Herald
   
6. voda 25 april 2016 19:23

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   South Korea imports 60% of steel from China during March
   
   Scrap Register reported that South Korea has imported its 60% of steel from China during March to meet the domestic demand. According to the Korea Iron & Steel Association, South Korea has imported a total of 2.03 million tons of steel during March including 1.29 million tons from China, an increase of 6.7% from a year ago.
   
   For Live Steel Scrap Prices from China Log on to Scrap Register
   
   South Korea's steel reinforcement imports from China spiked 150% year-on-year to 140,000 tons during March mainly due to local builders pushing to stock up on the key construction material ahead of an expected increase in construction.
   
   Source : Scrap Register
   
7. voda 25 april 2016 19:26

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   Steel production slightly down in Iranian Year
   
   More than 16.7 million tons of crude steel and 15.2 million tons of steel products were manufactured in the last Iranian year (ended March 19, 2016), indicating a 0.57% and 7% decline respectively compared with the previous year, Iranian Mines and Mining Industries Development and Renovation Organization reported on its website
   
   According to the report, the decline in global steel prices and shrinking demand for industrial material at home were the main reasons for the weaker output.
   
   Source : Finanical Tribune
8. voda 25 april 2016 19:27

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   government reforms stabilizing Chinese economy
   
   According to the National Bureau of Statistics of China, China's GDP grew 6.7% in 1Q16, the slowest pace since 2009. Although this was only slightly slower than the 6.8% growth in 4Q15, it indicates that the Chinese economy has started to stabilize. The reforms introduced by Chinese authorities may be showing results. China's government has taken a number of steps to kick-start the country's property sector investment in order to support other sectors. These steps include cutting taxes on home transactions, easing mortgage down payment requirements, and cutting interest rates. According to the latest property sector figures, these efforts have started showing results.
   
   Source : Strategic Research Institute
9. voda 25 april 2016 19:28

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   ThyssenKrupp breaks ground for auto parts plant in Italy
   
   BBJ reported that German firm ThyssenKrupp last week laid the cornerstone of its greenfield investment in Hungary, an automotive parts production facility valued at approximately HUF 30 billion
   
   Once the investment is wound up, steering systems and cylinder head-integrated camshafts will be manufactured in Jászfényszaru, central Hungary. The investment is expected to create 500 new workplaces.
   
   The German company considers Hungary an important partner in its long-term investment strategy, and hopes to launch other projects in the country, according to HIPA.
   
   It is a major recognition for Hungary and the domestic investment environment that ThyssenKrupp, which is present in nearly 80 countries, considers Hungary well suited for the construction of a new factory and continues to rely on the competence of Hungarians, HIPA said in connection with the investment.
   
   Source : BBJ

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10. voda 25 april 2016 19:33

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    Lay Offs – Hebei Province - 150,000 steel workers to be resettled
    
    Global Times reported that provincial authorities said that up to 150,000 steel workers will be laid off in China's largest steel producing province, Hebei, as part of the country's determination to reduce over-capacity and upgrade industries. But they added that all the affected workers will be properly resettled, and no one has been left jobless.
    
    Mr Song Limin, Deputy Chief of Hebei's Development and Reform Commission, told a press conference in Handan, North China's Hebei on Thursday that 100,000 would need to be resettled in the next five years. He said "In the process of industry transformation and upgrading, all affected workers have been properly taken care of, through reassignments or transfers to other companies.”
    
    According to a report released by the Hebei government on Thursday, during the 12th Five-Year Plan (2011-15), the province cut the capacity of the iron industry by 34 million tons, 41 million tons in the steel industry, 138 million tons in the cement industry, while reducing the use of coal by 27 million tons.
    
    Source : Global Times
11. voda 25 april 2016 19:37

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    Smederevo steel mill to maximise output by end-2017 – Mr Yong
    
    He Steel Group Chairman Mr Yu Yong on Saturday expressed hope that the Smederevo steel mill will maximise its output capacity by the end of 2017, making it around 2 million tons of steel.
    
    A He Steel Group team is planned to take over at the steel mill by the end of June and work on strategic planning until the end of this year, with new production slated to start in 2017, he said.
    
    We believe that reviving the Smederevo steel mill does not only require capital, but new technologies and new equipment as well, and we will introduce new business and production models at the steel mill, Yong told the RTS.
    
    The steel mill has great prospects for development, and having quality workforce and good cooperation with the Serbian government is the most important, he said.
    
    He Steel is quite familiar with the problems facing the steel mill, which it will resolve in the second half of the year, and its key task is to improve the technology of the production process to enable the steel mill to keep up with the European steel industry, he said.
    
    Source : Tanjug
    

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12. voda 25 april 2016 19:40

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    voestalpine direct reduction plant in Texas starts plant tests
    
    Construction of the voestalpine direct reduction plant in Corpus Christi, Texas, which is the largest foreign investment made by the Group or an Austrian company in the USA to date, is reaching its final stages. The last phase of plant assembly, including implementation of the process and control engineering, is taking place in parallel with test runs on selected equipment and systems. From today’s perspective, it can therefore be expected that the plant will go into operation largely as planned during summer 2016. From the beginning of the next business year the new plant will produce two million tonnes of high quality HBI annually, a sophisticated pre-material for steel production.
    
    Source : Strategic Research Institute

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13. voda 25 april 2016 19:41

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    China encourages lending to expand steel exports
    
    Reuters reported that government regulators told Chinese banks on Thursday to finance steel exports to help reduce a supply glut in the domestic market. According to the order by the central bank and securities, banking and insurance regulators, Chinese bank support for steel and coal companies can include syndicated loans, export credit and project financing
    
    Thursday's statement said the government would speed up the handling of non-performing loans in the debt-ridden sectors, and extend direct financing to support their restructuring. It would also work to deal with possible default risks in the two sectors. Banks would use a wide range of methods, including debt restructuring and bankruptcy settlements, to handle the problem, it said.
    
    The order did not provide financial targets but said financing might be extended for shifting operations abroad.
    
    The latest order to finance exports is part of instructions from the Chinese central bank and financial regulators to lenders to support the overhaul of state-owned steel and coal industries.
    
    It was unclear whether this signals government encouragement for more coal and steel exports from China, which has been widely blamed for dumping its excess steel on world markets, depressing prices and threatening thousands of jobs. Beijing says it has done what it can on overcapacity, and the criticism is "lazy protectionism."
    
    Source : Reuters
    

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14. voda 25 april 2016 19:45

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    China commodity exchanges crack down on speculation
    
    Published on Mon, 25 Apr 2016
    
    Reuters reported that China’s commodity exchanges are trying to cool their markets as benchmarks rallied rapidly this week, with turnover of a single rebar contract on Thursday worth nearly 50 percent more than the total value traded on the Shanghai stock exchange. The Shanghai Futures Exchange increased transaction fees while the Dalian Commodity Exchange raised iron ore margin requirements. The Shanghai Futures Exchange said it will raise transaction fees for rebar and hot rolled coil futures, warning of trading risks due to huge price swings. The bourse in Dalian also tightened rules on what it called abnormal trading, which now includes frequent submission and withdrawal of orders and self-trading.
    
    Steel futures slumped in China as exchanges moved to cool speculation after prices surged to the highest level since 2014 in record volume on Thursday. Reinforcement bar used in construction closed 4.8 percent lower at 2,619 yuan ($403) a metric ton in Shanghai, snapping a four-day rally. Prices climbed 14 percent this week, the most since the contract started in 2009, and are up 47 percent this year. Hot-rolled coil slid 4.6 percent to 2,817 yuan a ton.
    
    The benchmark rebar futures contract saw approximately 303 billion yuan ($47 billion) in trade value by the Thursday close, based on a record 111.8 million tonnes changing hands and calculating based on the settlement price of 2,708 yuan per tonne. That compares to around 209 billion yuan worth of volume on the Shanghai Stock Exchange the same day.
    
    Open interest in the rebar contract has already fallen sharply, suggesting some of the trades are being executed by investors holding short positions that are getting squeezed.
    
    Chinese investors – both funds and individuals – appear to be making big bets that a rise in infrastructure spending will be positive for battered commodities such as steel and iron ore, turning their interest away from equities after a crash last summer that has driven down stocks by 40 percent. Financial investors were likely behind the recent gains in Chinese commodity futures volumes and prices, analysts said, but they also warned of a big crash given weak fundamental justification for the upswings.
    
    Source : Reuters
    
15. voda 25 april 2016 19:47

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    India's iron ore output to touch 199 million tonnes by 2020- BMI Research
    
    ET reported that India's iron ore production is expected to grow at 5 per cent annually during 2016-2020 and hit 198.8 million tonnes by 2020, BMI Research said.
    
    India's mining sector will experience solid growth, primarily boosted by the country's positive reforms and vast mineral reserves, BMI Research said in a statement.
    
    Despite this, the sector will continue to face challenges due to the country's inadequate operating environment, mining royalties and low metals prices, which will prevent India from reaching its full growth potential, it added.
    
    It said "We forecast India's iron ore output to grow from 159.9 MT in 2016 to 198.8 MT in 2020. This represents average annual growth of 5 per cent during 2016-2020.”
    
    Source : Economic Times
    

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16. voda 25 april 2016 19:49

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    New norms on royalty to cool iron ore prices in Odisha
    
    Business Standard reported that the state government is giving final touches to a set of guidelines on stacking and sampling that promise to ease iron ore prices, bringing a much needed dose of relief to the stressed steel makers and end use industries like pellet plants.
    
    Mr Deepak Mohanty, director of mines for Odisha, said “We are almost ready with the guidelines on stacking and sampling of iron ore. The notification would be out after the chief minister’s order. We hope this to happen by the middle of next month.”
    
    Presently, the state government was charging on the highest rate of royalty even on low grade ore in stark violation of mining laws. The skewed royalty formula had adversely impacted the steel units who had to shell out higher prices compared to what was prevailing as per law in other iron ore rich states.
    
    Source : Business Standard
    

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17. voda 25 april 2016 19:50

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    Lloyds Metals starts iron ore mining at Surjagarh project in Gadchiroli district
    
    Timesof India reported that iron ore mining has once again begun after a gap of eight years in the Naxal infested Surjagarh area of Gadchiroli district. Lloyds Metals and Energy Limited has begun extraction of ore from over 250 hectares of area, for which it secured a mining lease in 2007.
    
    In a month, it has been able to extract 3,000 metric tonnes ore, which is much less than the mine's annual capacity of 1.2 million tonnes. Only manual extraction has begun so far with no machines deployed
    
    The iron ore will be supplied to the company's plant at Ghuggus in Chandrapur district
    
    Local sources in the area say the move by Lloyds Metals indicates that the Naxals have softened their stance.
    
    This is the second attempt by Lloyds to start the mines. Earlier, the mines were started in 2008. Hardly 450 tonnes could be extracted in a month before the company had to face the Naxal ire. The company staffers were beaten up and equipment was burned down. Later, in 2013, the company's vice-president Jaspalsingh Dhillon was killed by the rebels. It is learnt that Dhillon was negotiating with the Naxals for a settlement.
    
    Source : Timesof India
    
18. voda 25 april 2016 19:53

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    Kumba Iron Ore production and sales report forJan-Mar quarter
    
    Kumba Iron Ore Limited has released its production and sales report for the quarter ended 31 March 2016. Throughout this report, production and sales volumes referred to are 100% of Sishen Iron Ore Company Proprietary Limited and attributable to shareholders of Kumba as well as the non-controlling interests in SIOC.
    
    Total production from Kumba decreased to 8.9 Mt as Sishen transitioned to a lower cost pit configuration. This is 27% less than Q1 2015 and 18% lower compared to Q4 2015.
    
    Total export sales volumes decreased by 18% compared to Q1 2015 and by 11% compared to the previous quarter at 9.4 Mt.
    
    Sishen mine produced 5.8 Mt, a decrease of 34% compared to Q1 2015 and 24% lower than Q4 2015. Waste removal was lower at 33.9 Mt versus 49.3 Mt in Q1 2015. The reduction in production and waste volumes was in line with the mine’s lower cost pit configuration.
    
    Sishen continues to experience feedstock constraints which have been exacerbated by higher levels of rainfall experienced during the quarter. Solutions are being implemented to increase mine flexibility. Guidance for the full year remains unchanged at ~27 Mt of production. As previously indicated, detailed work to refine the Sishen life of mine plan based on the revised pit configuration is ongoing and will be finalised during 2016.
    
    The Section 189 process is on track with consultations on the organisational structures completed. The material changes, due to the revised pit configuration and related restructuring require significant management focus to ensure that productivity continues to improve and safety is maintained.
    
    Kolomela produced 2.7 Mt for the quarter, a decrease of 9% on Q1 2015 and 5% on Q4 2015, due to a section 54 stoppage as a result of a fatality that occurred on-mine in January 2016. Run rates have improved subsequently and the mine remains on track to produce 12 Mt.
    
    Export sales of 9.4 Mt decreased by 18% relative to Q1 2015 and 11% to Q4 2015, due to lower production. Total finished product stocks were 3.2 Mt, compared to 4.7 Mt at the end of 2015 as stocks were drawn-down to more optimal levels. Export sales guidance remains at ~40 Mt for 2016.
    
    Domestic sales volumes decreased by 19% relative to Q1 2015 and doubled compared to Q4 2015 to 1.2 Mt, based on customer requirements.
    
    At Thabazimbi, mining activities ceased on 30 September 2015 and processing activities ceased on 31 March 2016. Closure of the mine is proceeding according to plan.
    
    Source : Strategic Research Institute

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19. voda 25 april 2016 19:56

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    Iron ore prices won’t be sustained - BHPB and Rio Tinto
    
    The Australian reported thatwhile a weaker US dollar and evidence of economic recovery in China has helped generate a massive rise in commodity prices and resources equities this year, the supply side of the equation is potentially still a concern for iron ore miners in particular, as is the sustainability of the debt-fuelled re-acceleration in China.
    
    Rio Tinto and BHP Billiton have both lowered their annual production targets this week, but while that appears to have contributed to the surge in iron ore prices and their share prices, neither company is cutting production because iron ore prices are too low for their liking.
    
    Executives from both companies continue to warn that these iron ore prices won’t last.
    
    BHP’s head of Australian operations, Mr Mike Henry, said that he did not think prices could be sustained because he saw more low-cost supply coming on to the market, and he expected steel demand in China to slow. He reiterated that on Bloomberg TV, saying iron ore could fall in the short-to-medium term, although its long-term outlook remained quite positive. Henry said he saw oil recovering quicker than other commodities.
    
    Rio Tinto’s CEO Mr Sam Walsh has warned earlier that iron ore prices could fall in the second half of 2016 on the back of a demand-supply imbalance. Bloomberg quoted Mr Walsh as saying that “I’ve said all along that we expect the iron ore prices will be volatile. That’s what we’re seeing.”
    
    Source : The Australian
    

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20. voda 25 april 2016 20:07

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    Goldman sees iron ore falling back to USD 35 this year
    
    Goldman Sachs Group has one piece of advice after this year's dramatic iron ore rally: go short. Analyst Christian Lelong said in an interview “We think this market will go back to USD 35 during the fourth quarte. Our expectation is the oversupply in the iron ore market will return."
    
    In a report on Friday, Goldman analysts including Lelong said that while the rally in Chinese rebar was "leading the charge" in a commodities rebound, the bank didn't see a sustainable shift in raw-material fundamentals until the third quarter. The "tight steel market in China is a temporary distraction" for iron ore, the bank said. "The current rally is unsustainable."
    
    He said "Going into the second half of the year, what are you going to need to absorb all that iron ore supply? It's going to be very hard to have strong enough demand growth in the Chinese steel sector to keep things in balance."
    
    He said "When we look at the profitability of steel mills, we've gone from multi-year lows late last year to a multi-year high in the last couple of weeks. It's a huge swing. The margins are so attractive that you can afford to pay higher and higher prices for your raw materials. That means iron ore is now
    
    He said "Last year, we had the back end of the curve in the mid-to-low USD 30s. Right now, the back end of the curve is in the low USD 40s, and we think at that level, it's a good opportunity for producers to hedge."
    
    Not everyone is bearish. There's room for ore to rise further as China's steel rally will probably endure over the rest of the quarter, according to Credit Suisse Group. Should demand for infrastructure absorb rising steel output, prices may be supported over the year, the bank said on Thursday.
    
    Source : The Age