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US Drops AD Duty on South Korea’s Welded Line Pipes Import

Strategic Research Institute
Published on :
22 Oct, 2021, 5:50 am

The US Department of Commerce has confirmed the anti-dumping margins on welded line pipe imports from South Korea. According to the determination, 30 producers and exporters of subject goods from South Korea were assigned a dumping margin of zero as they were found to have no shipment to the US market at prices lower than fair value during the period of review from December 1, 2018 to November 30, 2019. NEXTEEL Co Ltd, SeAH Steel Corporation and other 28 producers or exporters not selected for individual examination received a final dumping margin of zero, compared to the 9.33%-15.07% set in November 2020.

The Department of Commerce found that the producers& exporters subject to this administrative review did not make sales of subject merchandise at less than normal value during the period of review December 1, 2018, through November 30, 2019.

The merchandise subject to the Order is welded line pipe. The product is currently classified under the following Harmonized Tariff Schedule of the United States item numbers: 7305.11.1030, 7305.11.1060, 7305.11.5000, 7305.12.1030, 7305.12.1060, 7305.12.5000, 7305.19.1030, 7305.19.5000, 7306.19.1010, 7306.19.1050, 7306.19.5110, and 7306.19.5150.
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Thyssenkrupp Materials Services to Become Climate Neutral by 2030

Strategic Research Institute
Published on :
22 Oct, 2021, 5:52 am

Thyssenkrupp Materials Services has reaffirmed its own sustainability ambitions and significantly increasing its self-imposed climate protection targets. The company will be carbon-neutral worldwide as early as 2030, around 20 years earlier than originally set. Thyssenkrupp Materials Services Chairman Mr Martin Stillger said “With this decision, we are taking responsibility in the fight against climate change and are underlining our claim to leadership in the industry. As the largest factory-independent materials dealer and service provider in the western world, we can exert influence in over 40 countries around the world.”

When it comes to climate protection, the company focuses on those aspects in which improvements can be made using our own resources: All direct emissions at over 400 locations worldwide and all our own indirect emissions from energy consumption are reduced as much as possible. In this way, Materials Services will achieve a reduction in CO 2 from 2030-Emissions by more than 100,000 tons per year. This corresponds to the consumption of a small German town with around 12,500 inhabitants and is around 60 percent less than in the 2017/2018 financial year (187,220 tons). Energy efficiency programs, the switch to green electricity, investments in photovoltaics and the switch to LED lighting are used to achieve this goal. As early as 2024, the Service Center in Krefeld will be the first Materials Services location to be climate-neutral.

Emissions that cannot be avoided at the present time because neither the appropriate technologies nor the necessary infrastructure are currently available on the market are offset by climate protection projects. This applies, for example, to parts of the company's own truck fleet or to special machines and vehicles in the field of steelworks services in Germany.
Bijlage:
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EVRAZ & Perugia Univ to Devlop High Strength Steel Structures

Strategic Research Institute
Published on :
22 Oct, 2021, 5:57 am

EVRAZ R&D Vanadium center has signed an agreement for a scientific research on a metallurgical project with the Department of Engineering of the University of Perugia in Italy. The project will be completely conducted in the structures of the degree course within the industrial engineering of the Pentima site, in Terni. Its main focus is to study the effect of Vanadium on welded joints in high-strength steels, with the particular emphasis to increase the strength of the joint and improve its toughness and fatigue behavior. The main outcome is target the production of lighter, high-performance structures for buildings and civil engineering with potential advantages like usable space increase, material and cost savings, and consequent reduction in environmental impact.

This scientific initiative will have duration of thirty months, starting from September 1st. It’s supported by leading producers and processors of Italian steel. They sponsor project and will participate during technical discussions throughout the whole project and provide some specific laboratories to carry out some mechanical and metallurgical tests. These include Acciai Speciali Terni, Marcegaglia Group, Acciaieria di Cividale del Friuli, and Instituto Italiano di Saldatura.https://twitter.com/UniperugiaNews/header_photo
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Researchers Improve Wear Resistance of Steel in Seawater

Strategic Research Institute
Published on :
22 Oct, 2021, 6:00 am

The marine industry, shipbuilding, and coastal infrastructure require a large number of mechanical parts such as pumps, screws, winches, bolts, etc, which are susceptible to wear due to contact with saltwater. Many such parts are said to be made of corrosion resistant steels containing such elements as chromium, nickel, and molybdenum. However, such protection has a significant disadvantage. The corrosion resistance is provided by few nanometres thick coverage on the surface of steel parts, which is formed on its own. It is worn out if a part is under friction. Therefore, it needs to be additionally protected by increasing the hardness of the surface layer.

A group of scientists from Russian National University of Science and Technology and Czech Republic have proposed a method of protection of steel surfaces in aggressive environment, such as seawater or friction, which eventually destroys even very durable stainless steel products. Scientists have developed a coating that meets all the necessary requirements and can protect the surface layer due to perfect adhesion, high hardness, and thickness. It consists of sprayed tantalum-zirconium carbides fixed with a metal layer. When there is no friction, carbide particles have little effect on corrosion resistance, and when under friction, they mechanically protect the surface layer. According to the experts, it is often more profitable and efficient to refine the top layer than to improve the detail itself.

The scientists used an electro spark alloying method resembling a welding process to apply the coating. This method has long been known, but the specialists at NUST MISIS have proposed to carry out the process in a vacuum. This provides protection against oxidation and significantly improves the quality of the coating. The proposed technology is protected by two patents, the researchers noted.

In the future, the specialists plan to give water-repellent properties to the coating and to prevent contact of metal surfaces with a corrosive medium. It will significantly facilitate the task of selecting the most solid compositions for protection against wear and will help to prevent the surface layer from being covered with ice in polar latitudes.

The work was carried out within the framework of the Russian Science Foundation project on the "Development of solid hydrophobic coatings intended for the protection of marine and coastal infrastructure against tribocorrosive, abrasive and cavitational wear". The study was published in the "Wear" journal.
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US Steel Importers Challenge Authority to Impose Tariffs

Strategic Research Institute
Published on :
22 Oct, 2021, 6:02 am

Jurist reported that US steel importers have filed their reply brief in USP Holdings v United States, a case in the US Court of Appeals for the Federal Circuit challenging the president’s authority to impose tariffs for national security reasons. The importers included USP Holdings Inc, PSK Steel Corporation, Dayton Parts LLC, Borusan Mannesmann Pipe US Inc and Jordan International Company. The steel importers are appealing from their loss before the Court of International Trade, a specialized trial court, which found that the government has broad authority to impose tariffs under Section 232 of the Trade Expansion Act of 1962.

Section 232 tariffs are imposed by the president through the US Department of Commerce’s Bureau of Industry and Security when the import of a product represents a national security threat. The steel importers challenged the Section 232 steel tariffs on the basis that the BIS report did not find a specific threat that needed to be remedied with a tariff. Section 232 requires the government to find an immanent threat of a specific duration; however, the BIS report merely stated that there was a continuing threat.

In 2018, former President Donald Trump’s administration found the import of steel to constitute a national security threat and imposed a 25 percent tariff on such imports. The Court of International Trade found that former President Trump’s use of Section 232 was consistent with past practice during the Cold War and President Biden’s administration is continuing to defend the tariffs in court.
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Miele Opts for Green Steel from Salzgitter AG

Strategic Research Institute
Published on :
22 Oct, 2021, 6:05 am

Leading German manufacturers of premium household appliances Miele Group has opted for Salzgitter AG’s green steel in its drive to reduce its CO2 footprint. From November onward, the domestic appliance group will be sourcing just under 24 tonnes of low CO2 steel a month as part of a pilot project. The steel will then find use in all stoves and ovens with a diameter of 60 centimeters. As from November, Miele will be using “green steel” in top covers for stoves and ovens, all of which are produced in Miele’s Oelde plant. Further applications in other Miele appliances are currently being examined.

The CO2 emissions generated by the manufacturing process are reduced by more than 66 percent in this material through harnessing climate compatible sources of energy and steel scrap. In taking this step, Miele is making a first contribution to lowering emissions in the domain of purchased goods and services Scope 3.1 and taking an important step toward implementing its ambitious sustainability goals.

Miele has announced that, before the end of this year, it will already be operating in a CO2-neutral manner across all its locations in terms of greenhouse gas emissions from its own combustion processes Scope 1 and emissions from energy suppliers Scope 2. At the start of September, the company also announced a specific target for emissions from the utilization phase of Miele appliances that account for a major part of so-called Scope 3: These emissions are to have been lowered by 15 percent by 2030 in comparison with 2019 in terms of the overall consumption of all appliances in use.

The low CO2 steel grades are produced in Peine’s mini mill and processed further in the rolling mills and galvanizing plants in Salzgitter. When steel scrap is melted, and through the deployment of climate compatible energy sources, the CO2 footprint of the galvanized material is 66 percent lower compared with the conventional production of steel via the blast furnace route. This has been verified by TÜV SÜD (German technical inspectorate) based on data from 2018 on the various process routes for producing strip steel.
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Nextchem & Acciaierie D'ltalia to Decarbonize Taranto Steel Plant

Strategic Research Institute
Published on :
22 Oct, 2021, 6:07 am

Maire Tecnimont SpA's subsidiary NextChem and Italy's largest steel company Acciaierie d'ltalia, jointly owned by ArcelorMittal and Invitalia, have reached an agreement for a feasibility study to use circular syngas in the Taranto steel mill. This circular gas is obtained thanks to NextChem’s Waste to Chemical technology, which is based on the recovery of carbon and hydrogen included in plastic and dry waste through a partial oxidation process. NextChem’s technology makes it possible to obtain a circular gas that can be used both in refining processes and in the steel production cycle, replacing coal dust in the blast furnace or natural gas in direct reduction, resulting in a decrease of CO2 emissions.

The feasibility study will focus on the environmental benefits of using circular gas in the steel mill, as well as of maximizing the steel mill tail gas. Both solutions could contribute to significantly reducing the environmental impact of the steel production cycle.
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USTR Ms Tai Meets with EUROFER on Steel Trade Barriers

Strategic Research Institute
Published on :
22 Oct, 2021, 6:11 am

United States Trade Representative Ms Katherine Tai met with European Steel Association EUROFER Director General Mr Axel Eggert and Director for International Affairs and External Relations Mr Karl Tachelet. Ambassador Ms Tai and EUROFER representatives agreed on the importance of the steel sector to the American and European economies. Ambassador Ms Tai noted the productive ongoing discussions with the European Union on ways to address global steel excess capacity and consequent market distortions that pose a serious threat to EU and US workers and producers. Ambassador Ms Tai stressed the need to make rapid progress to reach a consensus to preserve our critical industries and meet the economic and environmental goals shared by the United States and European Union.

Ambassador Ms Tai offered her belief that EUROFER can play an important role in helping the United States and European Union reach an agreement that helps steel workers and producers on both sides of the Atlantic. She also reiterated that the United States’ proposal would ensure the long-term viability of the American and European steel and aluminum industries and strengthen the transatlantic relationship between the U.S. and EU.

Ambassador Ms Tai and EUROFER representatives pledged to remain in contact as these discussions continue in order to resolve this pressing global issue.
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Metalloinvest Orders HBI Plant from Primetals & Midrex

Strategic Research Institute
Published on :
22 Oct, 2021, 6:13 am

Russian miner & steel maker Metalloinvest has contracted with Primetals Technologies and consortium partner Midrex Technologies Inc to supply the new HBI Plant at Lebedinsky GOK. The plant will be located in Gubkin in Russia, and will be designed to produce 2.08 million tonnes of HBI per year. Its modern design features will ensure reduced energy consumption and environmental impact. Investment in the construction of the plant is estimated at over USD 600 million. The project is expected to become operational in the first half of 2025

The new plant includes a 7.15 meter diameter Midrex Shaft Furnace and a proprietary Midrex Reformer that uses low NOx burners for NOx reduction. An increased top gas pressure ensures higher furnace productivity and reduced power consumption. A flue gas hot fan additionally reduces electric power consumption. Also, a hot fines recycling system will be included. The level 1 and level 2 automation systems, including the DRIpax expert system, are also part of the project. Midrex and Primetals Technologies will be responsible for engineering, supply of main technological equipment, as well as for supervision services.

The Midrex Plant produces high-quality HBI from iron ore pellets using the natural gas-based Midrex Direct Reduction Process, the most environmentally friendly technology for ore-based iron making. Compared to traditional iron making technologies, the carbon footprint of a Midrex NG plant is reduced by more than 50% compared with blast furnace iron making. By replacing natural gas with green hydrogen, there is potential to further decrease carbon emissions in the future. The contracted plant is capable of being converted in the future to use up to 100% hydrogen as a reducing agent.

Metalloinvest, Primetals Technologies and Midrex Technologies have successfully implemented 1.4 million tonnes per year HBI plant 2 in 2007 and of 1.8 million tons per year HBI plant 3 in 2017. All three currently operational HBI modules at Lebedinsky GOK (HBI-1, HBI-2 and HBI-3) jointly produce 4.6 million tonnes HBI per year.

HBI is a low-carbon raw material used for steel production in electric furnaces and generates up to 50% less CO2 (scope 1 + scope 2) than the traditional blast-furnace method. The contracted plant can be converted to use up to 100% hydrogen as a reducing agent, which makes possible further reduction of CO2 emissions.
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Numsa & SEIFSA Ink Wage Deal Ending 17 Days Strike

Strategic Research Institute
Published on :
22 Oct, 2021, 6:18 am

National Union of Metalworkers of South Africa has accepted a wage offer of 6%, bringing the strike in the metals and engineering sector to an end. Numsa met with the Steel and Engineering Industries Federation of Southern Africa when it accepted the offer based on minimum rates set by the Metal and Engineering Industries Bargaining Council Main Agreement. The agreement is as follows: 6% in the first year, 6% in the second year and 6% on a moving base for the third year. Workers in higher grades will receive an increase of between 5% and 5.5% on their scheduled rates of pay. The agreement will be implemented with immediate effect, said Jim. Workers will receive backpay to 1 July 2021. The latest day to return to work is Monday, 25 October.

The Steel and Engineering Industries Federation of Southern Africa welcomed the end of the strike that has affected the metal and engineering sector in the past three weeks. SEIFSA Chief Executive Officer Mr Lucio Trentini said “We are immensely pleased that the strike is finally over. It is now incumbent on all stakeholders in the metals and engineering sector to work collectively to rebuild and grow the sector. The sector has a very important role to play in the delivery of the Government’s ambitious economic recovery programme over the next few years, and that can happen only when a strong partnership exists between business and labour.”

Numsa members had embarked on a strike on 5 October.
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JSW Steel Reports Strong Results for July-September Quarter

Strategic Research Institute
Published on :
22 Oct, 2021, 6:15 am

Indian steel giant JSW Steel Limited has reported 4.10 million tonnes of crude steel production & 3.78 million tonnes saleable steel sales on standalone basis in Jul-September 2021 quarter. Crude steel production was similar to Q1 off FY2022, mainly due to planned shutdown at Vijayanagar for campaign repairs of two of its convertors and annual shutdown of one of the blast furnaces at Salem. Sale of saleable steel for the quarter was impacted by the second wave of Covid in India. Q2 sales were affected by some inventory build-up due to start of the Company's new downstream facilities and increase in inventories at the ports. Exports during the quarter increased by 26% QoQ as domestic demand was subdued due to monsoon. During the quarter, JSW Steel operated at a healthy capacity utilization of 91% across its steel-making operations.

Q2 FY2022 - Standalone Performance:

Highest ever quarterly Revenue from Operations: INR 28,000 crores

Quarterly Operating EBITDA: INR 8,673 crores

Highest ever Quarterly Net Profit after Tax: INR 5,393 crores

Q2 FY2022 - Consolidated Performance:

Highest ever quarterly Revenue from Operations: INR 32,503 crores

Highest ever quarterly Operating EBITDA: INR 10,417 crores

Highest ever quarterly Net Profit after Tax: INR 7,179 crores

JSW Steel Coated Products

During the quarter, JSW Steel Coated Products, including its subsidiaries, registered a production volume (GI/GL + Tin) of 0.75 million tons and sales volume of 0.82 million tonnes. Revenue from Operations and Operating EBITDA for the quarter stood at INR 8,331 crores and INR 1,032 crores, respectively. It reported a Profit after Tax of INR 742 crores for the quarter.

JSW Steel USA Ohio Inc (Acero)

The EAF-based steel manufacturing facility in Ohio, USA, had recommenced operations in March 2021 following an upgrade. The US steel market continues to be healthy with long lead times at steel mills and robust prices. During Q2 FY2022, it produced 168,122 net tonnes of Slabs. Sales volumes for the quarter stood at 73,275 net tonnes of Slabs and 89,072 net tonnes of HRC. It reported an EBITDA of USD 48.28 million for the quarter, an increase of 154% QoQ. It had reported an EBITDA loss of USD 10.52 million last year in Q2 FY2021.

US Plate & Pipe Mill:

The Plate & Pipe Mill based in Texas, USA produced 73,274 net tonnes of Plates and 4,890 net tonnes of Pipes, reporting a capacity utilization of 31% and 4% for Plates and Pipes, respectively, during the quarter. Sales volumes for the quarter stood at 63,565 net tonnes of Plates and 5,219 net tonnes of Pipes. It reported an EBITDA of USD 13.16 million for the quarter, lower by USD 11.29 million due to 6% lower sales and increase in costs, partly offset by higher NSR.

Italy Operations:

The Italy-based Rolled long products manufacturing facility produced 64,594 tonnes during the quarter. It reported an EBITDA of Euro 6.10 million for the quarter compared to an EBITDA loss of Euro 4.76 million in Q1 FY2022.
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Surging costs catch out Egypt’s rebar re-rollers
1483 Views

Egyptian re-rollers increased domestic rebar prices at the beginning of the week by EGP 800/tonne ($51) to EGP 14,900-15,250/t ($950-970), including 14% VAT, in line with higher billet prices. This translates to $830-850 excluding VAT.

On Tuesday, Egypt’s largest integrated steel producers, Ezz Steel and Suez Steel, followed the trend, each hiking prices by EGP 400/t to EGP 15,000/t and EGP 14,900/t respectively, including 14% VAT.

However, re-rollers have been caught out by the price increase. Since the beginning of September, when scrap and iron ore prices were on a downtrend, they have operated with minimal billet stocks. They were unprepared for the recent surge in scrap and coal prices, as well as energy prices in Europe, India and China.

There is still a safeguard duty – at current prices – of around $65/t on billet imports into Egypt, and this makes re-rollers vulnerable against integrated mills who can produce their own billet and then re-roll it to rebar, comments a sector participant.

“The price increase creates demand from stockists, traders and retailers; however, we don’t have enough rebar stock to satisfy their needs,” says a local re-roller sales manager. “The earliest raw material supply will take two weeks. Among end-users, we don't expect steady growing demand.”

To protect re-rollers against sector giants, the government should re-consider the safeguard duty rates and grant building licences, he adds.

At the beginning of November, another EGP 400/t ($25) increase in rebar prices is highly likely, due to increasing raw materials prices, freight, and energy costs, which will make the business environment more difficult, Kallanish notes.

For five months until this week, Egypt's domestic rebar prices were steady and mills were offering 10-32mm rebar at EGP 12,280-12,719/t ($781-810/t) delivered, excluding 14% VAT, on 45-60-day payment terms.

Burak Odabasi Turkey
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Advies van Kepler Cheuvreux over Arcelor Mittal
Beurshuis Kepler Cheuvreux
Aandeel ArcelorMittal
Datum 22 oktober 2021
Advies Kopen
Koersdoel 40,00 EUR

Detail advies
PARIJS (Trivano.com) - Op 22 oktober 2021 hebben de analisten van Kepler Cheuvreux hun beleggingsadvies voor ArcelorMittal (MT; ISIN: LU1598757687) herhaald. Het advies van Kepler Cheuvreux voor ArcelorMittal blijft "kopen".

Het koersdoel wordt door de analisten verhoogd van 32,00 EUR naar 40,00 EUR.

Op 11 februari 2021 publiceerde ArcelorMittal zijn jaarresultaten.
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Liuzhou Steel Automates Bulk Material Handling with 3D LiDAR

Strategic Research Institute
Published on :
25 Oct, 2021, 6:06 am

Leading provider of OPA-based solid state LiDAR sensors and smart 3D solutions for automotive and IoT Quanergy Systems Inc announced its latest achievement in industrial automation with the deployment of its 3D LiDAR solutions for heavy machinery operation in China. Collaborating with Hunan Qiaokang Bridge Health Intelligent Technology and Liuzhou Bierte Industrial Intelligent Technology, the solution provides highly accurate 3D modeling of bulk material piles to enable safe, efficient operation of heavy machinery. Deployed at the Liuzhou Steel Group in Liuzhou City, Guangxi Province, China, Quanergy’s M-Series LiDAR sensors provide accurate, real-time 3D modeling of bulk material piles to guide and position a heavy bulk wheel piling and reclaiming machine. Formerly operated manually, the heavy machine can now function safely and efficiently by computer and without human intervention.

In addition to superior accuracy and high resolution, M-Series provides reliable performance in a wide range of operating conditions. For example, M-Series does not require ambient light and offers a longer detection range, even for very dark objects like coal.

M-Series also features a fast scan frequency, ideal for use in mobile applications that experience high vibrations. The sensor provides a long detection range, up to 200 meters, providing 3D modeling for very large sites with just a few sensors. Furthermore, M-Series is small and lightweight, making it easy to mount and install.
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BlueScop Appoints MsJohnson & Mr Zhang, as Non Executive Directors

Strategic Research Institute
Published on :
25 Oct, 2021, 6:10 am

BlueScope Chairman Mr John Bevan last week announced the appointment of two new internationally based independent Non-executive directors, Ms K'Lynne Johnson and Mr Zhi-Qiang Zhang, with effect from 1 January 2022.

Ms Johnson brings to the Board relevant experience in the areas of technological lead transformation, sustainability, renewables, human resources, customers and innovation. She also brings traditional high capital-intensive sector experience. Ms Johnson has significant Board experience and is currently on the Boards of two companies listed on the NYSE. Previously she was an executive in the specialty and commodity chemicals industry for over 25 years including most recently as President and Chief Executive Officer of Elevance Renewable Sciences and as Senior Vice President over multiple global business in BP Chemical. Her industry experience has included working in early stage sustainability-driven ventures as well as in more mature businesses. Ms Johnson has had a global career with extensive knowledge of the US market and has spent significant time in Asia.

Mr Zhang has a background in blue-chip manufacturing and product development, including industrial digitisation and robotics. Having worked in asset-heavy industrials for most of his career, Mr Zhang has deep sector knowledge in automotive and machine tools, telecommunications and infrastructure. Mr Zhang has extensive business and leadership experience at the senior executive level including over 25 years at Siemens, with his last role as President & Chief Executive Officer, Greater China Region, Nokia Siemens Networks, and more recently as Group Senior Vice President & President ABB China for ABB ASEA Brown Boveri. He also brings to the Board a deep understanding of the China market and insight into areas of impact and growth.
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Steel Users Urge Mr Biden to End Tariffs on Construction Materials

Strategic Research Institute
Published on :
25 Oct, 2021, 6:13 am

Associated General Contractors of America has urged USofficials to end tariffs on key construction materials and take steps to help unknot snarled supply points. association's chief economist Ken Simonson said “Construction materials costs remain out of control despite a decline in some inputs last month.Meanwhile, supply bottlenecks continue to worsen.”

according to an analysis “The producer price index for new nonresidential construction,a measure of what contractors say they would charge to erect five types of nonresidential buildings, ose 5.2 percent over the past 12 months, despite a decline of 0.9 percent in the latest month. From September 2020 to last month, the prices that producers and service providers such as distributors and transportation firms charged for construction inputs jumped 17 percent, Simonson noted. There were double-digit percentage increases in the selling prices of most materials used in every type of construction with the exclusion of lumber and plywood, which fell 12.3 percent during the past 12 months.”

The producer price index for steel mill products increased by 134 percent compared to last September.

In addition to increases in materials costs, transportation and fuel costs also spiked. The index for truck transportation of freight jumped 15 percent. Fuel costs, which contractors pay directly to operate their own trucks and off-road equipment, as well as through surcharges on freight deliveries, have also jumped.

Association officials added that many contractors are experiencing extreme delays or uncertainty about delivery dates for receiving shipments of many types of construction materials. The association officials urged the Biden administration to immediately end tariffs on key construction materials. In addition, they asked for an all-out effort to help ports and freight transportation businesses move goods more quickly.
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NLMK Group Reports Strong Result for Q3 & 9M of 2021

Strategic Research Institute
Published on :
25 Oct, 2021, 6:15 am

Russian steel maker NLMK Group in Q3 2021 increased EBITDA by 11% QoQ to USD 2.3 billion, EBITDA margin was 50%. Free cash flow reached usd 1.1 billion.. Revenue increased by 10% QoQ to USD 4.6 nillion(, driven by higher sales prices for metal products. EBITDA rose 11% qoq to $ 2.3bn (+ 3.9x YoY) as a result of widening steel / raw materials spread. EBITDA margin remained at the level of the previous quarter of 50% (+24 p.p. YoY).

Key results 9 months. 2021.

Revenue rose 69% YoY to USD 11.6 billion on the back of higher average selling prices and an increase in the share of finished goods in the sales portfolio.

EBITDA increased 3.1 times YoY to USD 5.5 billion due to widening price spreads between steel products and raw materials, as well as due to the implementation of Strategy 2022 projects. EBITDA margin amounted to 48% (+22 p.p. YoY)

Net profit increased 5.5 times YoY to USD 3.8 billion, with gross profit growing.

Shamil Kurmashov, Vice President for Finance of NLMK Group,

In Q3 2021, average prices for steel products increased in key sales areas. Steel quotes in the US have renewed their all-time highs again. However, since the middle of the quarter, demand growth in export markets has slowed down along with the ongoing recovery in local production and imports. In China, a decline in steel production and a decline in exports supported global steel prices and simultaneously led to a correction in iron ore prices. Coal export prices from Australia continued to rise on the back of restocking in India, Europe and Japan.

In August 2021, equipment was repaired at the Lipetsk site following an incident in the oxygen supply infrastructure of a steelmaking facility. The production utilization recovered with the completion of repairs and in September amounted to 98%. Against this backdrop, the company's sales for the quarter amounted to 4.1 million tonnes (-4% qoq). The positive dynamics of sales prices contributed to an increase in NLMK Group's revenue by 10% qoq to $ 4.6 bn, EBITDA - by 11% qoq to $ 2.3 bn. EBITDA margin remained at the 2Q level. and amounted to 50%. Free cash flow grew by 29% qoq to $ 1.1bn.
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Nucor Announces Record Results for Q3

Strategic Research Institute
Published on :
25 Oct, 2021, 6:20 am

US steel maer Nucor Corporation last weeannounced record quarterly consolidated net earnings of USD 2.13 billion for the third quarter of 2021. By comparison, Nucor reported consolidated net earnings of $1.51 billion for the second quarter of 2021 and USD 193.4 million for the third quarter of 2020. Nucor's consolidated net sales increased 17 percent to USD 10.31 billion in the third quarter of 2021 compared with USD 8.79 billion in the second quarter of 2021 and increased 109 percent compared with USD 4.93 billion in the third quarter of 2020.

Average sales price per ton in the third quarter of 2021 increased 22 percent compared with the second quarter of 2021 and increased 86 percent compared with the third quarter of 2020. A total of 7,172,000 tons were shipped to outside customers in the third quarter of 2021, a 4 percent decrease from the second quarter of 2021 and a 13 percent increase from the third quarter of 2020.

Total steel mill shipments in the third quarter of 2021 decreased 3 percent as compared to the second quarter of 2021 and increased 16 percent as compared to the third quarter of 2020. Steel mill shipments to internal customers represented 21 percent of total steel mill shipments in the third quarter of 2021, compared with 20 percent in the second quarter of 2021 and 21 percent in the third quarter of 2020. Downstream steel product shipments to outside customers in the third quarter of 2021 was consistent with the second quarter of 2021 and increased 3 percent from the third quarter of 2020.
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Directie ArcelorMittal Gent belooft extra premies en opslag in ultiem CAO-voorstel
26/10/21 om 11:06
Bijgewerkt om 11:06
Bron : Belga

De directie van ArcelorMittal Gent wil met een ultiem CAO-voorstel een staking bij ruim 3.000 staalarbeiders afwenden. Een eerder voorakkoord met onder meer een 'coronapremie' van 500 euro en aangepaste loonvoorwaarden werd door drie kwart van het personeel verworpen. De directie belooft nu extra premies, een betere verloning en een reeks investeringen in de voorzieningen van het personeel.

Directie ArcelorMittal Gent belooft extra premies en opslag in ultiem CAO-voorstel
De ArcelorMitttal-vestiging in Gent
Spoedoverleg tussen de directie en de bonden heeft maandag geleid tot een ultiem voorakkoord, waarin onder meer een extra premie van 1.000 euro wordt toegekend als 'compensatie voor de uitzonderlijke inspanningen om terug naar volle productie te komen na de crisismaatregelen tijdens de coronacrisis'. Een uitdrukkelijke tegemoetkoming aan een ongenoegen dat leeft bij de staalarbeiders.

ArcelorMittal is een van de grootste industriële werkgevers in ons land. Maar het concern zag zijn omzet tijdens de coronacrisis kelderen. De staalarbeiders zijn desondanks blijven werken en voelen de gevolgen van een aanwervingsstop. Dat heeft geleid tot onvrede. De sociale vrede staat al een tijd onder druk bij de Gentse staalfabriek.

De staalarbeiders krijgen in het nieuwe voorakkoord CAO 2021-2022 betere anciënniteitsvoorwaarden. De directie belooft ook een reeks investeringen. Tot woensdag kan er gestemd worden over het akkoord, dat minstens twee derde van het personeel moet overtuigen. Indien dat niet lukt, is de fabriek vanaf donderdag in staking.

trends.knack.be/economie/bedrijven/di...
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Mondiale staalproductie verder omlaag
In september daling van bijna 9 procent op jaarbasis.

(ABM FN-Dow Jones) De mondiale staalproductie is september verder gedaald. Dit bleek dinsdag uit cijfers van brancheorganisatie Mondiale staalproductie verder omlaag
In september daling van bijna 9 procent op jaarbasis.

(ABM FN-Dow Jones) De mondiale staalproductie is september verder gedaald. Dit bleek dinsdag uit cijfers van brancheorganisatie World Steel Association.

In totaal vervaardigden de 64 staalproducerende landen vorige maand 144,4 miljoen ton staal, een daling van 8,9 procent op jaarbasis. In augustus daalde de productie met 1,4 procent, na maanden van afnemende groei.

In China, wereldwijd met afstand de grootste fabrikant van staal, daalde de productie in september met ruim 21 procent tot 73,8 miljoen ton. In de VS steeg de productie juist met 22 procent naar ruim 7 miljoen ton. Duitsland zag de productie met zo'n 11 procent toenemen.

In Brazilië steeg de staalproductie in september met ruim 15 procent. In Turkije was sprake van een meer bescheiden toename van ruim 2 procent, terwijl in Rusland de productie juist met ruim 2 procent daalde. India produceerde in september op jaarbasis ruim 7 procent meer staal. In Japan liep de productie zelfs met ruim een kwart op.

Door: ABM Financial News.

info@abmfn.nl

Redactie: +31(0)20 26 28 999
In totaal vervaardigden de 64 staalproducerende landen vorige maand 144,4 miljoen ton staal, een daling van 8,9 procent op jaarbasis. In augustus daalde de productie met 1,4 procent, na maanden van afnemende groei.

In China, wereldwijd met afstand de grootste fabrikant van staal, daalde de productie in september met ruim 21 procent tot 73,8 miljoen ton. In de VS steeg de productie juist met 22 procent naar ruim 7 miljoen ton. Duitsland zag de productie met zo'n 11 procent toenemen.

In Brazilië steeg de staalproductie in september met ruim 15 procent. In Turkije was sprake van een meer bescheiden toename van ruim 2 procent, terwijl in Rusland de productie juist met ruim 2 procent daalde. India produceerde in september op jaarbasis ruim 7 procent meer staal. In Japan liep de productie zelfs met ruim een kwart op.

Door: ABM Financial News.

info@abmfn.nl

Redactie: +31(0)20 26 28 999
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