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voda 24 september 2019 16:44

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Pakistan Levies AD Duty on CR Steel Imports from Canada & Russia

Pakistan has imposed preliminary antidumping duty on Canadian and Russian origin cold rolled steel imports. According to the notice from Pakistan National Tariff Commission, the Commission has established that investigated product has been imported at dumped price. Commission also pointed out that antidumping tariff is applicable on tinplate imports classified under Pakistan Customs Tariff classification numbers 7209.1510, 7209.1590, 7209.1610, 7209.1690, 7209.1710, 7209.1790, 7209.1810, 7209.1890, 7209.1891, 7209.1899, 7209.2510, 7209.2590, 7209.2610, 7209.2690, 7209.2710, 7209.2790, 7209.2810, 7209.2890 and 7211.2920. It stated that Commission will make final determination within 180 days.

The product scope flat-rolled products of iron or non- alloy steel, cold rolled (cold-reduced), not clad, plated or coated (CR Coils/Sheets/Strips), of prime and secondary quality, of a thickness ranging from 0.15 mm to 3.00 mm, statement added.

Period of Investigation for determination of dumping was from January 01, 2018 to December 31, 2018 and for determination of injury period is from January 01, 2016 to December 31, 2018.

Source : Strategic Research Institute

voda 24 september 2019 16:45

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CM Will Lay Stone for Steel Plant - Andhra Pradesh Dy CM

Hans News Service quoted Andhra Pradesh Deputy Chief Minister Amzath Basha as saying that Chief Minister is scheduled to lay foundation for the construction of steel plant in December. The Deputy Chief Minister laid foundation stone for the construction of CC roads and sanitation works in 4th and 24th divisions in the city. He said that Chief Minister is keen on establishing steel plant with the aim of providing direct and indirect employment to 1.25 lakh people.

Accordingly, the district administration identified the land and prepared a note specifying infrastructure facilities availing in the district.

Source : Hans India

rationeel 24 september 2019 17:27

0

quote:
rationeel schreef op 24 september 2019 16:34:
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Heb jij een oplossing?

Hij geeft op papier aan: Install software or connect PC

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voda 24 september 2019 18:59

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Eneco & ArcelorMittal Install Belgium Largest Solar Roof

The installation of more than 27,000 solar panels on the roof of ArcelorMittal in Ghent has been completed, resulting in the largest solar roof in Belgium. Installed by Eneco, this is their largest project to date. The project will help ArcelorMittal Belgium in becoming more sustainable as the power generated will be used internally by ArcelorMittal in Ghent. More than 5,000 employees are also given the opportunity to co-invest in the solar panels and benefit from the revenues.

The new solar panels will produce 10.000MWh annually, equal to the energy consumption of 2,900 households. The solar panels, together with the site’s (current) 10 wind turbines and the 2 additionally planned wind turbines, will soon provide approximately 50MW of renewable power to the Ghent site. The sustainable energy that is generated is used entirely internally to feed the production of ArcelorMittal in Ghent.

Today, ArcelorMittal Belgium is a world-leader in energy efficiency and reducing CO2 emissions. With this investment, the company reinforces the implementation of its sustainability strategy. ArcelorMittal Belgium follows the climate agreement of Paris. The site’s emissions are already 25% lower than in 1990, which is 20% better than what the Paris climate agreement demands. By 2027, ArcelorMittal Belgium aims to produce 43% fewer emissions, with the ambition of being carbon neutral by 2050.

Source : Strategic Research Institute

staalfreak2 24 september 2019 21:15

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Hebei steel mills under new round of emergency curbs
Source:Mysteel
Sep 24, 2019 17:30

Steel mills in Tangshan and Handan in North China’s Hebei province will observe a new round of stricter emergency production curbs beginning September 24 as air pollution over the two cities is seen intensifying in coming days, according to notices from local governments on September 23. When the production constraints will be lifted will depend on the actual air quality, they said.
On September 23, China’s Ministry of Ecology and Environment warned that emerging weather patterns suggested atmospheric pollution could intensify from September 25 and might last at least until the first few days of October in the Beijing-Tianjin-Hebei region in North China.

The ministry added that other areas including Henan in Central China, Shandong, Jiangsu and the northern part of Anhui in East China may also be affected, and urged government authorities in these provinces to mandate emergency reductions to production among industrial enterprises including steelmakers to reduce polluting emissions.

Tangshan authorities, for example, require all blast furnace steel mills within its jurisdiction to suspend all sintering and pelletizing operations during the curbing period. For blast furnace operations, only two local steel mills with better pollution control facilities were spared having to observe this round of output reductions, while the remaining mills were ordered to cut their operative blast furnace capacities by 50%, Mysteel noted from the official notice.

Moreover, this time, all electric arc furnace (EAF) steel mills, independent sintering plants, pelletizing plants and re-rollers in Tangshan were also requested to halt all their production during the nominated period.

“We are limiting our blast furnace operations by 50% and all of our sintering operations are suspended now,” an official with a Tangshan-based steel mill confirmed to Mysteel Global. “The curbs may stay in place at least until the end of this month.”

An official with an EAF steel mill in Tangshan also noted that their EAF operations are halted now, adding that he was unsure when the bans would be eased. Yet there are still some Tangshan-based steel mills still awaiting the local government’s final notice on their production cuts, Mysteel Global learned.

Similarly, the Handan government ordered that all blast furnace steel mills in its area temporarily halt all of their steelmaking operations including sintering, pelletizing and blast furnace operations during the curbing period, according to the notice.

“We stopped our sintering operations yesterday, and all our blast furnace operations today in line with the government’s orders,” an official with a Handan-based steel mill remarked. “We expect the restrictions to last till October 10, as I know now,” he added.

During the period that the constraints are in place, the transportation of commodities will also be largely affected in Tangshan, as Mysteel previously reported. The government has temporarily banned the transportation by truck of heavy goods including iron ore into and out of Caofeidian port and Jingtang port from 20:00 September 22 until 20:00 September 27. Both ports are crucial conduits for Tangshan.

The average daily discharge rate of ore at Jintan port and Caofeidian port totalled at 662,100 tonnes/day over September 9-15, with 70% of the volume being transported by trucks, according to Mysteel’s survey. Several steel mills contacted by Mysteel Global confirmed that raw materials transportation via trucks has now been affected.

According to Mysteel’s latest survey on 138 operative blast furnaces in Tangshan published Tuesday, during the period September 23-24, production had been halted at some 30 blast furnaces, with the blast furnace utilization rate among all 138 reduced to around 59%, down by a huge 17% from last Friday.

Mysteel’s estimate of the volume of daily pig iron output lost through the curbs was at around 160,000 tonnes/day as of September 24, some 70,000 t/d more than last Friday. The utilization rate will further decline as more blast furnaces limit their production, Mysteel notes.

For some other areas in North China such as in Tianjin, steel mills there were also bracing for temporary production curbs they told Mysteel on Tuesday, with their sintering and pelletizing operations being suspended and some blast furnaces being also curtailed over the September 25-October 2 period at least.

Written by Victoria Zou, zyongjia@mysteel.com
Edited by Russ McCulloch, russ.mcculloch@mysteel.com

staalfreak2 24 september 2019 21:16

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Tangshan steel re-rollers halted on emergent curbs
Source:Mysteel
Sep 24, 2019 18:00

Nearly 200 steel re-rollers in Tangshan, China’s top steel producing city in North China’s Hebei province, have been ordered to halt operations as poor air quality was predicted beginning from September 24 until early October, market sources confirmed on September 24.
Most steel producers in Tangshan’s Fengrun district, where 80%-90% of the 200 re-rollers are located, had already stopped operations from September 23, in accordance with previously rescheduled production bans, according to a Tangshan-based industry source. The remaining few in Fengrun that were previously exempted from the bans starting September 23 –

voda 25 september 2019 07:56

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Raad van commissarissen ThyssenKrupp geadviseerd CEO te wisselen

FONDS KOERS VERSCHIL VERSCHIL % BEURS
ThyssenKrupp AG
12,475 0,00 0,00 % Frankfurter Wertpapierbörse (Xetra)

(ABM FN-Dow Jones) De raad van commissarissen van het Duitse ThyssenKrupp heeft van zijn personeelscomité het advies gekregen CEO Guido Kerkhoff te vervangen. Dit meldde het bedrijf dinsdagavond laat in een persbericht.

Daarin werd Martine Merz aangedragen als tijdelijk vervanger voor Kerkhoff voor maximaal 12 maanden.

De raad van commissarissen gaf dinsdag aan op korte termijn in een extra vergadering een besluit op basis van deze aanbevelingen te zullen nemen.

Door: ABM Financial News.
info@abmfn.nl
Redactie: +31(0)20 26 28 999

© Copyright ABM Financial News B.V. All rights reserved.

voda 25 september 2019 12:13

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Lower prices slash scrap inflows, bottom unclear: Irepas

Three-year low prices have reduced inflows of scrap into yards by at least -20%, which will result in lower scrap availability going forward. However, it is unclear if prices have bottomed. So said International Rebar Exporters and Producers Association (Irepas) raw materials suppliers committee chairman Jens Björkman at Tuesday’s association meeting in Düsseldorf.

The main challenge for scrap suppliers at present is the Turkish economic downturn, which is likely to go on for at least another year, Björkman observed at the meeting attended by Kallanish. Trade barriers are also hampering economic growth and therefore scrap trade. The introduction by Russia of scrap export quotas, a protectionist measure in support of domestic mills, is likely to restrict Russian scrap supply to the export market by 30-50%.

US scrap recyclers do not have currency protection from collection and bear the full brunt of the crash in prices, Björkman said. “It’s for sure affecting recyclers’ ability to get material to their yards and is likely going continue for a while,” he commented.

Suppliers are nevertheless likely to opt for prompt shipment of their material due to financing or storage constraints. “That is weighing on the market at the moment,” Björkman observed.

UK collection is estimated down -50% in some areas, with northern Europe down -20%. “If there is less demand and there is less material coming in you can of course wait a bit longer (to sell),” he continued. However, “… nobody waits for a full cargo and then tries to sell.” Prices have dropped $70/tonne in a short time. “I don’t know where the market drops to but it’s a challenge,” he added.

In Germany, meanwhile, insufficient incineration capacity for waste fractions from shredders is hindering shredded scrap output. The Rhine River is once again experiencing low water levels, which is causing logistical problems as last year. Moreover, new IMO regulations from 2020 require ships to use low-sulphur fuel oil, which has already raised freight rates as many vessels have docked to install scrubbers, thereby reducing fleet availability, Björkman concluded.

voda 25 september 2019 13:36

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Positie ceo Thyssenkrupp wankelt wegens gebrek aan vertrouwen

Thyssenkrupp TKA:€12,27-1,64% heeft weinig vertrouwen meer in de vorig jaar aangetreden topman Guido Kerkhoff. De raad van commissarissen (rvc) bereidt alweer een wisseling van de wacht voor bij het geplaagde Duitse staalconcern, dat bezig is de liftendivisie te verkopen.

Dat meldt persbureau Bloomberg op basis van anonieme bronnen. Kerkhoff zou de herstructurering van het bedrijf niet voortvarend genoeg aanpakken.

Extra vergadering

De personeelsvertegenwoordiging in de rvc kwam dinsdagavond naar buiten met de aanbeveling om op korte termijn een einde te maken aan Kerkhoffs mandaat. Dat pleidooi wordt gesteund door de top van de toezichtsraad. President-commissaris Martina Merz zou dan tijdelijk de honneurs waar moeten nemen als ceo, terwijl Siegfried Russwurm voor een periode van een jaar benoemd zou worden tot waarnemend voorzitter van de rvc.

In een persverklaring meldde Thyssenkrupp dinsdag dat de voltallige raad van commissarissen zich snel zal buigen over dit voorstel in een extra ingelaste vergadering.

Thyssenkrupp kwam het afgelopen jaar ook in het nieuws vanwege de fusieplannen met Tata Steel, waaronder ook de Hoogovens in de IJmond vallen. Afgelopen mei gooiden beide bedrijven de handdoek, omdat ze niet verwachten dat de Europese Commissie toestemming zou geven. Een maand later kwam de toezichthouder inderdaad met een verbod.

fd.nl/ondernemen/1317957/positie-topm...

voda 25 september 2019 16:09

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Kosice Region Offers to Buy Back US Steel Kosice for EUR 1

TASR reported that Kosice Self Governing Region wants to deal with the mass layoffs planned to take place in US Steel Kosice. Korzar regional daily reported that the region has offered to purchase the steelworks for EUR 1 and takeover temporarily. Governor Rastislav Trnka, as quoted by Korzar said that “We are concerned about keeping the company’s competitiveness, its survival and preserving the employment in the region.”

US Steel objected with the company management calling Trnka’s statement in the media unprofessional and expressing great concern about it, while confirming that the factory is not for sale. It said “We consider the procedure of the Kosice governor to be unfair and offensive both to the management of US Steel Kosice and all its employees. We want to reassure our employees as well as the public that US Steel Kosice will continue to focus on its business strategy, everyday safe performance of work, protection of our environment, and the production of high quality steel for our customers.”

The company plans to dismiss 2,500 staffers by 2021.

Source : TASR

voda 25 september 2019 16:10

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Arcelor South Africa kijkt naar onderdelen

Gepubliceerd op 25 sep 2019 om 15:51 | Views: 247

ArcelorMittal 15:53
12,69 -0,09 (-0,74%)

JOHANNESBURG (AFN/BLOOMBERG) - ArcelorMittal South Africa breidt zijn strategische evaluatieproces uit door ook operationele locaties, fabrieken en productiegebieden tegen het licht te houden. Mogelijk moet het Zuid-Afrikaanse dochterbedrijf van staalconcern ArcelorMittal bepaalde onderdelen sluiten omdat ze niet langer levensvatbaar zijn.

De onderneming was eerder deze zomer al in het nieuws omdat er meer dan 2000 van de 9000 banen verloren dreigen te gaan als onderdeel van een grootscheepse reorganisatie. De ingrepen hangen samen met de moeizame marktomstandigheden in de Zuid-Afrikaanse staalsector.

Het bedrijf kondigde al aan extra initiatieven te nemen om kosten te besparen en efficiënter te werken. Naast de zwakte op de staalmarkt in Zuid-Afrika kampt de onderneming met hoge kosten voor bijvoorbeeld elektriciteit, transport en grondstoffen.

ArcelorMittal South Africa voert momenteel ook gesprekken met werknemers en vakbonden over mogelijk banenverlies. De cokesactiviteiten op de commerciële markt en de geplande acquisitie van de Highveld Structural Mill staan los van het evaluatieproces.

voda 25 september 2019 16:11

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Malaysia Imposes 20% Duties on Steel Rebars from Singapore and Turkey

The Edge Financial Daily reported that Malaysia government has imposed provisional import duties of up to 20.09% on steel concrete reinforcing bars from Singapore and Turkey after finding sufficient evidence in its preliminary anti-dumping investigation. The ministry of international trade and industry carried out the preliminary investigation following a petition filed by the Malaysia Steel Association on April 26 on behalf of domestic producers. Miti said it found sufficient evidence to conduct a further anti-dumping investigation into rebar products imported from Singapore and Turkey.

Meanwhile, the government has decided to impose the provisional anti-dumping duties guaranteed by a security equivalent to the amount of the dumping margins determined in the preliminary determination. It added that “Provisional anti-dumping duties from nil to 20.09% will be applied on imports of subject merchandise from the alleged countries and shall be effective not more than 120 days from Sept 23.”

Source : The Edge Market

voda 25 september 2019 16:15

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Fire Hits Coaltar Distillation Plant of SAIL Bokaro

The Telegraph reported that Bokaro deputy commissioner Mr Mukesh Kumar has ordered Steel Authority of India Limited’s Bokaro Steel Plant management to conduct a safety audit in view of the major fire near the tar storage unit of the plant on Sunday night. The notice, served to BSL CEO Mr PK Singh, instructed the management to take all necessary safety measures immediately to avoid recurrence of such incidents, and provide a detailed report on the measures taken. It also ordered the BSL CEO to follow the industrial safety guidelines of the National Disaster Management Authority and submit a compliance report to the Bokaro DDMA.

The DC’s notice instructed the plant management to submit a report to the DDMA office within 48 hours mentioning the causes, impact, safety measures taken, loss, technical and other aspects of Sunday’s incident.

A major fire broke out inside the coaltar distillation plant of the Bokaro Steel Plant around 10.40 PM on Sunday in which the coaltar pond was completely destroyed. It took nine fire tenders of BSL and Jharkhand Fire services two hours to douse the blaze. Mr Mani Kant Dhan, chief of communication, BSL, said: “The preliminary report suggests that the fire broke out due to frictional spark in one of pumps of the combustible mixture preparation section, but the exact cause of the fire will be known only after a detailed enquiry.”

Source : The Telegraph

voda 25 september 2019 16:15

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thyssenkrupp CEO Mr Guido Kerkhoff to Leave

The Personnel Committee of the Supervisory Board of thyssenkrupp AG recommended to the Supervisory Board to start negotiations to end the Board mandate of Mr Guido Kerkhoff shortly. He shall be succeeded by the current Chairman of the Supervisory Board, Ms Martina Merz, who is expected to take over as interim Chairman of the Management Board for a duration of not more than twelve months.

The appointment of Martina Merz to be decided by the Supervisory Board would be made by delegation. Martina Merz's mandate on the Supervisory Board would be suspended for the maximum period of twelve months. Martina Merz would return to the Supervisory Board as soon as the position of Chairman of the Management Board is filled. During the appointment of Martina Merz, Prof Dr Siegfried Russwurm is supposed to take over the function of Chairman of the Supervisory Board on an interim basis, too.

The Personnel Committee also recommended that the Supervisory Board appoint Dr Klaus Keysberg as an additional member of the Executive Board of thyssenkrupp AG with responsibility for the Business Areas Materials Services and Steel Europe effective October 1, 2019.

The realignment of the Group announced in May 2019 and unanimously approved by the Supervisory Board will be systematically continued. The focus will be on the three areas "performance first", "flexible portfolio" and "efficient organization".

Source : Strategic Research Institute

voda 25 september 2019 16:16

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Mexico Revises Steel Tariffs

BN Americas reported that Mexico rejigged its steel tariffs to support local producers struggling under strengthening domestic and global headwinds. The tariffs, covering over 200 steel products, will remain in place for at least five years under changes introduced by the economy ministry ending the previous pattern of half-yearly extensions. Imposed in 2015, the tariffs came in response to a global steel supply surplus and dumping, and cover key steel products imported from countries with which Mexico has no free trade agreements. While stopping short of industry calls for the tariffs to be made permanent, the overhaul is an attempt to establish a longer-term trade policy for steel trade, according to the filing on the federal gazette website.

The Filling said that “With the objective of establishing a favorable environment that allows the steel industry to adjust to the global economic context, and boost the internal market, it is necessary to end the dynamic of half-yearly renewals of tariffs…and in its place define a medium to long-term tariff policy.”

Under the revised terms, tariffs on all but 30 of the 228 products will remain at the current 15% level before falling to 10% in September 2021. The rate will drop to 5% from September 2023, and expire from August 2024.

Levies on the remaining 30 products will decline to varying rates over the years, with some remaining in place beyond August 2024.

Source : BN Americas

voda 25 september 2019 16:17

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Harsco Signs 3 Contracts with JSW Steel

Harsco Corporation announced that its Environmental division has entered into three multi-year contracts with JSW Steel to provide an expanded range of services at its Dolvi operation in Maharashtra. HE currently provides slag waste transportation and metal recovery, as well as scrap processing and under furnace pit digging services at the Dolvi mill. These services are directly linked to active steel production and critical for plant operations. The three new agreements are for a duration of 10-15 years, with a total value of USD 75 million. Under the terms of the contracts, HE will set up, operate and maintain the following services at JSW Dolvi:

Ladle Furnace Slag Briquetting Plant - This onsite solution will provide both cost and environmental benefit to the customer, which currently imports its briquettes. The JSW/HE agreement calls for the crushing, screening and demetallizing of the mill's slag, with a portion then converted into Ladle Refining Briquettes for re-use in the steelmaking process. Service is expected to begin in Q4 2019.

Steam Box Plant - Included within HE's services will be its patented steam box technology for slag processing. This technology provides for faster cooling times, reduced water and energy consumption and more efficient slag sizing than conventional methods. Its environmental benefits include the full capture of open atmospheric emissions, together with the opportunity to utilize the clean steam and heat generated from the steam box. This service is expected to begin in 2020.

Meltshop Services - This add-on marks HE's first-ever meltshop services agreement in India. It calls for the management of all meltshop activities at Dolvi, and for transporting slag, dusts and debris. This work is slated to begin in 2020.

Source : Strategic Research Institute

voda 25 september 2019 16:18

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JSW Steel to Raise USD 400 million at SGX

JSW Steel informed BSE that the Finance Committee of the Board of Directors of JSW Steel Limited has approved the issuance of fixed rate senior unsecured notes aggregating to USD 400 million and has approved the pricing, tenure and other terms of the Notes. The proceeds of the Notes will be used by the Company for capital expenditure or any other purpose in accordance with the Foreign Exchange Management (Borrowing and Lending) Regulations 2018, the circulars issued thereunder by the Reserve Bank of India, Master Direction - External Commercial Borrowings, Trade Credits and Structured Obligations dated March 26, 2019, and any other instructions issued by RBI in this regard.

The required details in relation to above mentioned issuance are as follows -

Type of Instrument - US Dollars senior unsecured fixed rate notes
Rating - Moody’s Investor Service - Ba2 & Fitch Ratings - BB (EXP)
Use of Proceeds - The Company intends to use all of the proceeds for capital expenditure or any other purpose in accordance with the ECB Guidelines.
Settlement date - October 4, 2019
Maturity date - April 4, 2025

Source : Strategic Research Institute

voda 25 september 2019 16:21

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Wabtec’s Barber Steel Foundry Lay off 61 Workers

A steel foundry in Rothbury will close by the end of the year, resulting in 61 job losses. A representative of Barber Steel Foundry said in a letter to the state that as a result of declining business conditions it began closing the plant on September 18, and that the facility will be permanently closed by December 31. Barber Steel is owned by Wabtec Corporation, a global company based in Pittsburgh that makes railroad products.

It said that “The company remains fully committed to all customer commitments and providing impacted employees with resources and benefits to manage the transition.”

Source : M Live

voda 25 september 2019 16:21

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Odisha Government seeks Support for 100 Million Tonne Steel Output

Odisha state government sought Union government’s support to meet the 100 million tonne steel production target by 2030 and to become a major contributor in national steel production target of 300 million tonne. Taking part in Chintan Shivir organised by the Ministry of Steel, Odisha Chief Secretary Mr Asit Tripathi raised four issues and sought the Centre’s support towards enhancing steel production in the state. He said that the Union government should consider developing waterways in Brahmani river for better transportation of goods and also introduce goods trains. He also said there is a need to develop the skills of people living in mining areas so that they can get gainful employment opportunities at the steel plants.

Mr Tripathi further said that the Centre should consider expediting the process of environment clearance for the projects.

Source : Strategic Research Institute

voda 25 september 2019 16:22

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RAI Industrial Fabricators Expands Martin Bridge Georgia Steel Fabrication Plant

RAI Industrial Fabricators will build a new state of the art steel fabrication facility, creating 30 new jobs and investing USD 20 million in Martin Bridge, Georgia. Headquartered in Athens, Georgia, this new facility will double the capacity of their existing operation in Athens in anticipation of future growth. RAI will be hiring welders, fabricators, machine operators, detailers, material handlers, project managers, coating specialists, and quality controllers at the new facility at the Martin Bridge exit, the only undeveloped exit on I-85.

Mr Mark Christopherson, President of RAI Industrial Fabricators said that “We are excited about expanding RAI Industrial Fabricators with a new location at Martin Bridge in Banks County. Site selection began over a year ago and quickly narrowed to this area along the I-85 corridor. Martin Bridge is ideally located to accommodate our growth among regional clients across the Southeast."

Hannah Mullins, executive director for the Development Authority of Banks County said that “The Development Authority of Banks County is proud to have worked alongside RAI Industrial Fabricators to expand their growing business into our wonderful community. This deal not only provides gainful employment and capital investment for Banks County, but also serves as the catalyst for long-awaited trade at the Martin Bridge interchange on I-85. Highly anticipated for decades, all four quadrants of this intersection are investor-owned, with some investments dating as far back as the 1970s. Martin Bridge will become the most sought-after Northeast Georgia trade area between Atlanta and Greenville, South Carolina. Banks County is truly fortunate to have landed such a community-minded partner in RAI Industrial Fabricators.”

Source : Strategic Research Institute

Vertraagd	19 apr 2024 17:35
Koers	23,830
Verschil	+0,030 (+0,13%)
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Volume	2.845.773
Volume gemiddeld	2.432.086
Volume gisteren	2.676.573

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