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voda 5 oktober 2021 07:02

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US Raw Steel Production Capacity Utilization Slips in Week 40

Strategic Research Institute
Published on :
05 Oct, 2021, 5:37 am

American Iron & Steel Institute announced that in the week ending on October 2, 2021, US domestic raw steel production was 1,872,000 net tons while the capability utilization rate was 84.8%. Production was 1,540,000 net tons in the week ending October 2, 2020 while the capability utilization then was 69.0%. The last week production represents a 21.6% increase from the same period in the previous year. Production for the week ending September October 2, 2021 is down 0.4% from the previous week ending September 25, 2021 when production was 1,880,000 net tons and the rate of capability utilization was 85.2%.

Adjusted year-to-date production through October 2, 2021 was 71,409,000 net tons, at a capability utilization rate of 81.1%. That is up 20.3% from the 59,381,000 net tons during the same period last year, when the capability utilization rate was 66.8%.

Broken down by districts, here’s production for the week ending October 2, 2021 in thousands of net tons: North East: 177; Great Lakes: 649; Midwest: 196; Southern: 774 and Western: 76 for a total of 1872.

voda 5 oktober 2021 07:02

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Reliance Steel & Aluminum Completes Acquisition of Merfish United

Strategic Research Institute
Published on :
05 Oct, 2021, 5:40 am

Leading North American metals service Center Company Reliance Steel & Aluminum Co announced that effective October 1, 2021, it has acquired Merfish United, a leading master distributor of tubular building products in the United States, from One Equity Partners, a middle market private equity firm. Headquartered in Ipswich in Massachusetts, Merfish United serves 47 US states through its twelve strategically located distribution centers. Merfish United’s broad product offering includes full lines of steel pipe, copper tubing, plastic pipe, electrical conduit and related products for the commercial, residential, municipal and industrial building markets.

For the twelve months ended June 30, 2021, Merfish United’s net sales were approximately USD 500 million. The current Merfish United team, including management, will remain in place. The terms of the transaction were not disclosed.

Founded in 1939 and headquartered in Los Angeles in California, Reliance Steel & Aluminum Co, through a network of approximately 300 locations in 40 states and 13 countries outside of the United States, provides value-added metals processing services and distributes a full-line of over 100,000 metal products to more than 125,000 customers in a broad range of industries.

voda 5 oktober 2021 07:02

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Hoa Phat Steel Sheet Reports Record High Export in September

Strategic Research Institute
Published on :
05 Oct, 2021, 5:43 am

The export volume of Vietnamese Hoa Phat Steel Sheet Company Ltd reached the highest level ever with nearly 50,000 tonnes in September 2021, double the previous month. The main export markets are the US, European countries and Southeast Asia. In the first 9 months of the year, Hoa Phat's galvanized steel production recorded a strong growth, reaching more than 273,000 tonnes, 2.6 times higher than the same period last year. In which, the export volume was 176,000 tonnes of galvanized and cold-plated steel. The proportion of exports contributed 64% of the company’s total steel sales in the nine month period. Hoa Phat Steel Sheet Company is in the Top 5 in terms of market share in Vietnam with about 6.5%.

Currently, all of the company’s production lines are operating at maximum capacity. Its product quality meets strict technical requirements both domestic and foreign customers. The company always adheres to the regulations and quality standards signed in their contract, especially strengthens the quality control during production process at the factory. The professionalization in the export process has helped Hoa Phat succeed in penetrating and increasing the export volume of galvanized, cold-plated and color-plated steel products to major markets around the world.

In 2021, Hoa Phat Steel Sheet Company Ltd will promote exports with the goal of increasing the coverage of Hoa Phat corrugated iron products to major markets in the world such as the US, Mexico, EU countries, the UK and the Southeast Asian region.

voda 5 oktober 2021 07:31

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Tata Steel to Use Optimum Voyage to Cut CO2 Emissions in Shipping

Strategic Research Institute
Published on :
05 Oct, 2021, 5:47 am

Tata Steel Europe has joined forces with a Danish technology company Optimum Voyage to use big data to help lower emissions from ships delivering vital raw material to its European operations. As part of the company’s constant drive to improve efficiency and reduce its CO2 footprint, Tata Steel will use technology developed by Optimum Voyage to make precise predictions on everything from wind speeds, wave heights and sea states to ensure vessels take the most fuel efficient route to harbour. The Optimum Voyage module, a suite of optimisation algorithms, will monitor vessels carrying raw materials to Tata Steel and simulate all possible route variations. As well as making journeys more efficient it will allow for any potential changes or delays to ongoing voyages to be planned for in real time.

As a part of the sustainability objectives and initiatives of Tata Steel to align itself and drive towards International Maritime Organization carbon emission reduction targets, access to such real-time information will enable data-driven decision making to optimise individual voyage route and vessel speed more quickly and efficiently.

Every year Tata Steel’s two steelmaking sites in Ijmuiden in Netherlands and Port Talbot in UK receive more than 20 million tonnes of raw materials from around the globe on around 300 giant ocean-going ships.

Optimum Voyage provides next-generation weather routing for all types of vessels. The service considers all parameters and is simulating millions of route variations for each voyage. This gives owners and operators the most fuel-efficient routes for their controlled vessels.

voda 5 oktober 2021 07:31

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Dillinger Supplies 45KT Plates for Danish Kriegers Flak Monopiles

Strategic Research Institute
Published on :
05 Oct, 2021, 5:51 am

World’s leading German plate maker Dillinger has supplied approximately 45,000 tonnes of heavy plate in thicknesses from 45 to 94 mm for monopiles, each weighing approximately 800 tonnes, used for construction as foundation of 72 Siemens Gamesa SWT-8.4-167 188 meter high turbines in the Danish park Kriegers Flak offshore wind farm system

Kriegers Flak is an offshore wind farm system in the Baltic Sea consisting of three wind farms, each located in the Exclusive Economic Zones of Denmark, Sweden and Germany. The Danish farm Kriegers Flak, located 15 to 40 km off the Danish coast, was inaugurated in September 2021, the German farm has been in operation since 2015 as the Baltic 2 offshore wind farm, and the Swedish part is still in the planning phase.

It is named after the reef Kriegers Flak, which lies below sea level. The name Kriegers Flak relates to the Danish naval officer Christian Krieger and the Danish term flak for a shoal. With an installed capacity of 604 MW, Kriegers Flak is Denmark's largest offshore wind farm to date. The 72 wind turbines with which it is equipped can supply approximately 600,000 Danish households annually with environmentally friendly electricity and increase Denmark's production of wind energy by around 16%.

voda 5 oktober 2021 07:36

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Schwelgern 1 BF Back in Operation at ThyssenKrupp Duisburg

Strategic Research Institute
Published on :
05 Oct, 2021, 5:58 am

German steel maker ThyssenKrupp announced that, after a three-month downtime and an investment in the mid double-digit million euros range, blast furnace Schwelgern 1 in Duisburg in Germany resumed production on October 1 to produce around 10,000 tonnes of hot metal per day. After the completed upgrade of the blast furnace, thyssenkrupp Steel can again operate at full hot metal capacity. With a maximum annual capacity of 3.6 million tonnes of hot metal, Schwelgern 1 is one of the largest blast furnaces in the world.

Relined and equipped with state of the art technology, thyssenkrupp Steel Europe’s blast furnace Schwelgern 1 had continuously been in operation for over 13 years, before the 48 year-old colossus was taken out of service for relining on July 7.

The blast furnace was relined, among other things, enabling it to withstand the extreme temperatures of around 2,000 degrees for many years. The so-called partial relining will have been one of the last in the history of thyssenkrupp Steel Europe, as the Duisburg-based steel mill is on its way to climate-neutral steel production. To this end, the company will gradually replace its four conventional blast furnaces at the Duisburg site from 2025 with climate-friendly direct reduction plants which will be operated with green hydrogen instead of coking coal in the long run. Since 2020, the giant has already been emitting less carbon dioxide than before owing to an innovative technology involving the injection of additional oxygen.

Bijlage:

voda 5 oktober 2021 07:46

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Embosal Steel Mill Setting Up 1.5 Million Tonne Pipe Mill at RAKEZ

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

United Arab Emirates based steel pipe and profiles manufacturer Embosal Steel Mills LLC has revealed its plan to set up a steel pipe plant in Ras Al Khaimah in UAE, specialising in manufacturing of structural steel pipes and tubes, water transmission pipes and piling pipes. Embosal Steel Mills will soon be joined by three of its sister companies in its new 140,000 square meters land plot at Ras Al Khaimah Economic Zone RAKEZ. The project will have a total investment of AED 250 million and a workforce of over 450 employees, with a combined annual capacity of 1.5 million metric tonnes of steel tubes and pipes. All products will be distributed to local projects within UAE and overseas.

Embosal Steel Mills LLC Managing Director Mr John Thomas said “Our relocation to Ras Al Khaimah is a strategic decision to support our long-term goal. Cost is one of the most important factors in our decision-making process, and RAKEZ was able to offer us cost-effective solutions. Embosal Steel Mills is just the beginning of our journey with RAKEZ. Our sister companies operating in different emirates will also join us in the same location, improving our collaboration and efficiency, as well as for a more seamless distribution of our products to the rest of the region.”

Once the relocation process is completed, Embosal’s production facility will also house Coremetal Industries LLC, which will run the fabrication, metal processing and machine shop, and CorePac Packaging LLC, which will manufacture and store packaging disposables and airline products. It will also include an on-site accommodation for its large manpower.

RAKEZ is a powerhouse business and industrial hub established by the Government of Ras Al Khaimah in the United Arab Emirates. It currently hosts over 15,000 companies coming from over 100+ countries and operating in more than 50 industries.

voda 5 oktober 2021 07:47

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US Users Face Continued Steel Shortages As Price Gap Widens

Strategic Research Institute
Published on :
05 Oct, 2021, 6:04 am

The Coalition of American Metal Manufacturers and Users has released its latest steel price tracker based on information provided by SteelBenchmarker CAMMU said "Today is Manufacturing Day, a day to celebrate manufacturing in the United States. Unfortunately, US manufacturers continue to struggle to find the steel they need to help the US economy recover from the COVID-19 pandemic. Steel supply shortages, growing lead times and record high steel prices continue to create significant challenges for US steel-using manufacturers. The United States has become an island of high steel prices. US manufacturers are now paying USD 1348 per ton more for hot-rolled steel than their competitors in China, increasing the price difference by USD 38 in the past month, and USD 856 per ton more than their European competitors, up USD 117 in the past month.”

CAMMU said “Everyone supports a strong and healthy US domestic steel sector but it is clear that protection from competition is no longer needed. US steel using manufacturers can't get the steel that they need and at competitive prices, and are losing business to competitors in other countries who are paying far lower prices for steel. When steel-using manufacturers lose business, they buy less steel, which will lead to the domestic steel industry also losing business because US steel producers only service the US markets and do not export. US manufacturers continue to desperately need more steel in the market. It is time for the Biden Administration to terminate the Section 232 tariffs."

The Coalition of American Metal Manufacturers and Users is a broad organization of US businesses and trade associations representing over30,000companies and over one million American workers in the manufacturing sector and the downstream supply chains of industries including aerospace, agriculture, automotive, consumer goods, construction, defense, electrical, medical, and recreational, among others.

voda 5 oktober 2021 07:47

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Ind-Ra Upgrades Indian Steel Sector Outlook to Positive

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

India Ratings and Research has revised the rating Outlook to Positive from Stable for H2 of 2021-22 as the rating momentum is likely to be biased towards positive actions due to stronger balance sheets on account of deleveraging over FY21-FY22, despite normalising per tonne margins and increased capex outflow. Ind-Ra said “Higher coking coal prices are likely to moderate the per tonne EBITDA margins over 2HFY22, although keeping it elevated from FY21 levels, unless the extremely high coking coal prices of end-September 2021 continue which is unlikely, due to a softening of iron ore prices amid somewhat stable steel prices. However, the absolute EBITDA is likely to be adequately compensated by robust sales volumes and elevated price levels. Coking coal prices increased by 150% YoY in mid-September 2021 and is likely to remain volatile. Iron ore prices could correct with supply improving gradually, but remain elevated due to structural changes post mine auctions.”

Ind-Ra said “Both demand and supply are likely to be strong, except for temporary headwinds, albeit lower each time with each passing COVID-19 wave. Domestic steel demand is heavily reliant on the infrastructure & construction sectors which account for around 60% of it. The frontloading of the government’s INR 111 trillion infrastructure investment plan and the budget emphasis on capex & infra investment are likely to ensure a steady domestic demand. “

It said “The strong cash flow generation over 2HFY21-1HFY22 has enabled steel players to significantly deleverage and embark on the next capex cycle. There proportion of rating actions on the positive side has been higher during this period and it may remain so in the rest of FY22. The capex intensity over FY22-FY23 is likely to remain steady, while some of the capex is near completion and the balance capex to be incurred would be in a phased manner, however with a bulk of cash outflows in FY24-FY25.”

voda 5 oktober 2021 07:50

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IEA Calls for Governments Support for Low Carbon Hydrogen

Strategic Research Institute
Published on :
05 Oct, 2021, 6:09 am

International Energy Agency says in a new report said that governments need to move faster and more decisively on a wide range of policy measures to enable low-carbon hydrogen to fulfil its potential to help the world reach net zero emissions while supporting energy security. According the IEA’s Global Hydrogen Review 2021 “Currently, global production of low carbon hydrogen is minimal, its cost is not yet competitive, and its use in promising sectors such as industry and transport remains limited but there are encouraging signs that it is on the cusp of significant cost declines and widespread global growth. 17 governments have released hydrogen strategies, more than 20 others have publicly announced they are working to develop strategies, and numerous companies are seeking to tap into hydrogen business opportunities. Pilot projects are underway to produce steel and chemicals with low-carbon hydrogen, with other industrial uses under development. The costs of fuel cells that run on hydrogen continue to fall, and sales of fuel-cell vehicles are growing.”

IEA said “Almost all hydrogen produced today comes from fossil fuels without carbon capture, resulting in close to 900 million tonnes of CO2 emissions. Investments and focused policies are needed to close the price gap between low-carbon hydrogen and emissions-intensive hydrogen produced from fossil fuels. Depending on the prices of natural gas and renewable electricity, producing hydrogen from renewables can cost between 2 and 7 times as much as producing it from natural gas without carbon capture. But with technological advances and economies of scale, the cost of making hydrogen with solar PV electricity can become competitive with hydrogen made with natural gas, as set out in the IEA’s Roadmap to Net Zero by 2050.

IEA also said “Global capacity of electrolysers, which produce hydrogen from water using electricity, doubled over the last five years, with about 350 projects currently under development and another 40 projects in early stages of development. Should all these projects be realised, global hydrogen supply from electrolysers, which creates zero emissions provided the electricity used is clean, would reach 8 million tonnes by 2030. This is a huge increase from today’s level of less than 50 000 tonnes, but remains well below the 80 million tonnes required in 2030 in the IEA pathway to net zero emissions by 2050.”

IEA said that The broader issue is that policy action so far focuses on the production of low-carbon hydrogen while the necessary corresponding steps that are required to build demand in new applications is limited and enabling greater use of hydrogen in industry and transport will require much stronger policy measures to foster the construction of the necessary storage, transmission and charging facilities. IEA estimates “Countries with hydrogen strategies have committed at least USD 37 billion to the development and deployment of hydrogen technologies, and the private sector has announced additional investment of USD 300 billion. But putting the hydrogen sector on path consistent with global net zero emissions by 2050 requires USD 1200 billion of investment between now and 2030.”

The Global Hydrogen Review lays out a series of recommendations for near term-action beyond just mobilising investment in research, production and infrastructure. It highlights that governments could stimulate demand and reduces price differences through carbon pricing, mandates, quotas and hydrogen requirements in public procurement. In addition, international cooperation is needed to establish standards and regulations, and to create global hydrogen markets that could spur demand in countries with limited potential to produce low-carbon hydrogen and create export opportunities for countries with large renewable energy supplies or large CO2 storage potential.

Hydrogen is light, storable and energy-dense, and its use as a fuel produces no direct emissions of pollutants or greenhouse gases. The main obstacle to the extensive use of low-carbon hydrogen is the cost of producing it. This requires either large amounts of electricity to produce it from water, or the use of carbon capture technologies if the hydrogen is produced from fossil fuels.

voda 5 oktober 2021 08:36

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EU importers already exhaust fourth-quarter Indian HRC quota
1235 Views

New, fourth-quarter safeguard import quotas became available for the EU market from 1 October, and Indian hot rolled coil volumes awaiting clearance at European ports have already exceeded available quotas. Other product categories are also expected to fill up rapidly.

Indian HRC imports in Q4 had a tax-free allocation of just below 170,000 tonnes. As of Monday, Indian HRC volumes awaiting clearance at European docks were already over 180,000t.

Imported Indian HRC volumes also surpassed available third-quarter quotas in July. This resulted in a portion of the 25% duty being imposed on importers who cleared their volumes above the quota limit on the first day of the quota.

Meanwhile, Turkish HRC imports could also soon come under the spotlight as, currently, over 160,000t of product is awaiting clearance at EU docks, while some 330,000t of quotas are available for Q4. In Q3, the Turkish HRC import quota was not fully filled, Kallanish notes.

Finally, for Russian HRC imports, the pressure seems to have subsided for now. Quotas available for the current quarter are over 400,000t, while only some 86,000t of volumes are awaiting clearance at docks. However, Russia’s Q3 quota was exhausted only at the beginning of September, suggesting more tonnage will arrive from there later in the current quarter.

Emanuele Norsa Italy

voda 5 oktober 2021 09:20

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Advies van Goldman Sachs over Arcelor Mittal
Beurshuis Goldman Sachs
Aandeel ArcelorMittal
Datum 05 oktober 2021
Advies Kopen
Koersdoel 42,00 EUR

Detail advies
LONDON (Trivano.com) - Op 5 oktober 2021 hebben de analisten van Goldman Sachs hun beleggingsadvies voor ArcelorMittal (MT; ISIN: LU1598757687) herhaald. Het advies van Goldman Sachs voor ArcelorMittal blijft "kopen".

Het koersdoel wordt door Goldman Sachs verlaagd van 43,00 EUR naar 42,00 EUR.

Op 11 februari 2021 publiceerde ArcelorMittal zijn jaarresultaten.

voda 5 oktober 2021 09:29

1

After staying above USD 200 per tonne in H1 of 2021, benchmark seaborne iron ore prices 62% Fe fines have slid and were stable at USD 117.12 per tonne CFR Qingdao on 4 October amid limited activity during the Chinese National Day holiday. Australian Government’s Department of Industry, Science, Energy and Resources in Resources and Energy Quarterly September 2021 has forecast that iron ore prices would average around USD 150 a tonne in 2021, before falling to below USD 100 a tonne in 2022.

Iron Ore Supply

Iron ore supply to improve in the second half of 2021. The sources of tight global supply of iron ore present in the first half of 2021 are expected to continue easing through the September quarter. Since May. total volumes shipped from Australia and Brazil have been above the 5-year average, and this upward trend is expected to continue. However, the seaborne iron ore market is expected to remain relatively tight and remains susceptible to supply disruptions. Major producers in Australia have flagged pandemic-related labour shortages in the second half of 2021 as an ongoing concern, as well as the potential of further constraints in production, due to ongoing work on tie-in replacement capacity. Growing congestion at Chinese ports also presents a critical supply risk for the second half of 2021. These presents a risk of upward pressure on the price of iron ore.

Miners Guidance

1. Vale remains confident of meeting its full year 2021 guidance of total production between 315 and 335 million tonnes

2. Rio Tinto has advised that 2021 production will be at the lower end of its guidance range of 325 to 340 million tonnes

3. BHP is targeting 249-259 million tonnes in the 2021-22 financial year, and this will include a ramp up of its South Flank project

4. Fortescue's total shipments for the 2020-21 financial year were 182 million tonnes, a 2% rise compared with the previous year. This has come as Fortescue’s newly developed Eliwana project ramps up in 2021, with output expected to reach almost 30 million tonnes per year.

Iron Ore Demand

The fall in iron ore prices reflects China's lower steel output from June, with expectations of more modest levels of production for the rest of 2021. Key government policies in China are also having a significant impact on steel demand. These policies are expected to have an ongoing dampening effect on levels of demand and prices for iron ore through to 2022.

1. A major driver of China’s boom in demand for steel in the first half of 2021 was the considerable levels of fiscal accommodation provided by the government in response to the pandemic. This included growth in total infrastructure

2. As part of its efforts to deleverage the significant levels of debt in its economy, China has also sought to cool its overheating property market. This includes tighter borrowing criteria and reduced debt levels for the country's major property developers, with weaker volumes for land sales and new property starts year-to-date suggesting these policies are starting to take effect. The combined impact of these policies is weakening demand for steel from the construction sector in recent months, with this industry typically accounting for 50-60% of domestic steel consumption.

3. Renewed outbreaks of the COVID-19 pandemic and flooding in central China from July, also appear to be impacting China’s recovery.

4. China’s central government has reiterated its commitment to curbing steel production, as part of its goal of lower national steel output in 2021. China’s steel output grew 12% year-on-year in the six months to June, meaning production will need to fall by around 11% year-on-year in the second half of 2021 in order to meet this ambition. The policy has been followed by emissions curbs of 30 to 50% being imposed on a number of steel mills in February this year. Steel output curbs now appear to be taking greater effect at a national level. China’s central government has mandated nationwide steel production cuts from June, and local enforcement of this measure is expected to be tightened in the second half of the year. Efforts by the Chinese government to curb China’s total steel output also appear to be taking greater hold, and are expected to persist for the rest of 2021. Steelmakers outside the city of Tangshan were ordered to scale back production from June, and provinces such as Jiangsu, Shandong and Anhui have all signalled an intention to cut output in the second half of the year.

5. The Chinese government has signalled it is also keen to ensure reduced air pollution (and blue skies) for the Beijing Winter Olympics in February 2022, and have raised a potential extension of output curbs in northern provinces through to the end of the March quarter 2022.

Bron: Strategic Research Institute

Bijlage:

voda 5 oktober 2021 12:56

2

Beursblik: derde kwartaal ArcelorMittal nog beter
Deutsche Bank handhaaft koersdoel van 55 euro.

(ABM FN-Dow Jones) ArcelorMittal heeft in het derde kwartaal vermoedelijk nog meer winst geboekt dan in het tweede kwartaal. Dit verwachten analisten van Deutsche Bank.

In een vooruitblik zeiden de analisten te rekenen op een EBITDA van 6,1 miljard dollar, een miljard dollar meer dan in het tweede kwartaal.

Hoewel de spotprijzen inmiddels dalen en de energiekosten stijgen, zal ArcelorMittal hier tot in het eerste kwartaal van volgend jaar weinig van merken door lopende contracten, denkt de bank.

"Hoewel we denken dat de staalcyclus op korte termijn heeft gepiekt en de volatiele energieprijzen op het sentiment drukken, zorgen robuuste Chinese prijzen in combinatie met een Chinese exportbelasting voor steun", schreven de analisten.

De kasstroom blijft sterk en er is volgens Deutsche Bank voldoende ruimte om de aandeelhouder goed te blijven belonen.

Op 11 november komt ArcelorMittal met de kwartaalcijfers.

Dinsdagmiddag noteerde het aandeel ArcelorMittal 0,3 procent lager op 24,57 euro. Deutsche Bank heeft een koopadvies met een koersdoel van 55,00 euro.

Door: ABM Financial News.

info@abmfn.nl

Redactie: +31(0)20 26 28 999

Skywatcher 5 oktober 2021 13:01

1

quote:
voda schreef op 5 oktober 2021 12:56:
Beursblik: derde kwartaal ArcelorMittal nog beter
Deutsche Bank handhaaft koersdoel van 55 euro.

(ABM FN-Dow Jones) ArcelorMittal heeft in het derde kwartaal vermoedelijk nog meer winst geboekt dan in het tweede kwartaal. Dit verwachten analisten van Deutsche Bank.

In een vooruitblik zeiden de analisten te rekenen op een EBITDA van 6,1 miljard dollar, een miljard dollar meer dan in het tweede kwartaal.

Hoewel de spotprijzen inmiddels dalen en de energiekosten stijgen, zal ArcelorMittal hier tot in het eerste kwartaal van volgend jaar weinig van merken door lopende contracten, denkt de bank.

"Hoewel we denken dat de staalcyclus op korte termijn heeft gepiekt en de volatiele energieprijzen op het sentiment drukken, zorgen robuuste Chinese prijzen in combinatie met een Chinese exportbelasting voor steun", schreven de analisten.

De kasstroom blijft sterk en er is volgens Deutsche Bank voldoende ruimte om de aandeelhouder goed te blijven belonen.

Op 11 november komt ArcelorMittal met de kwartaalcijfers.

Dinsdagmiddag noteerde het aandeel ArcelorMittal 0,3 procent lager op 24,57 euro. Deutsche Bank heeft een koopadvies met een koersdoel van 55,00 euro.

Door: ABM Financial News.

info@abmfn.nl

Redactie: +31(0)20 26 28 999

Dat klinkt goed. Net mijn positie verdubbeld. Kom maar door met de cijfers. Wanneer worden deze verwacht?

Take a sisi 5 oktober 2021 14:55

0

Toch vreemd dat A.M. nu met de koers de wind even tegen heeft .

voda 6 oktober 2021 07:44

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Metalloinvest Deputy CEO & COO Mr Andrey Ugarov Leaving

Strategic Research Institute
Published on :
06 Oct, 2021, 5:26 am

Leading Russian iron ore, HBI & steel producer Metalloinvest announced that Metalloinvest’s First Deputy CEO & COO Mr Andrey Ugarov is leaving his position. Mr Rinat Ismagilov, Director of the Mining Production Department of Management Company Metalloinvest and Mr Alexey Kushnarev, Director of the Company's Steel Segment, will assume responsibilities for the Company's production operations.

Mr Andrey made a great contribution to the implementation of landmark projects that strengthened Metalloinvest's industry position, including HBI-3 Plant at Lebedinsky GOK, Blast Furnace 3, the crushing and conveyor facility at Mikhailovsky GOK and production development programmes at OEMK and Ural Steel.

Mr Andrey is an Honoured Metallurgist of the Russian Federation, recipient of the Order of Friendship, the Medal for Merit to the Belgorod region, the Medal for Merit to Stary Oskol and was awarded for Merit to the Fatherland by the President of the Russian Federation, among others honours. He had worked for over 14 years at the Novolipetsk Steel Company and for over 12 years in management roles at OEMK. Since 2011, Mr Andrey held the position of First Deputy CEO & COO of Management Company Metalloinvest.

voda 6 oktober 2021 07:44

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Cleveland Cliffs & United Auto Workers at Rockport Works Sign Pact

Strategic Research Institute
Published on :
06 Oct, 2021, 5:29 am

Cleveland Cliffs Inc announced that its employees represented by the United Auto Workers Local 3044 have ratified a three-year labor contract for its Rockport Works operation. The new contract is effective from October 1, 2021 through September 30, 2024. The new contract will cover approximately 350 UAW-represented workers at Rockport. Cleveland Cliffs Inc Chairman, President & CEO Mr Lourenco Goncalves said “We embrace our Unions as partners and allow for participation in our success. Our partnership is a powerful one, and with this latest deal, we will maintain our competitive cost structure in flat-rolled steel relative to any of our peers.”

Cleveland Cliffs is the largest flat-rolled steel producer in North America. Founded in 1847 as a mine operator, Cliffs also is the largest manufacturer of iron ore pellets in North America. Headquartered in Cleveland in Ohio, Cleveland-Cliffs employs approximately 25,000 people across its mining, steel and downstream manufacturing operations in the United States and Canada.

voda 6 oktober 2021 07:45

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NLMK Europe Expands Asset Monitoring Program with AI from Samotics

Strategic Research Institute
Published on :
06 Oct, 2021, 5:32 am

Leading steel manufacturer NLMK Europe is expanding its program to monitor the health of critical assets after completing a successful pilot with new machine learning technology at its hot strip mill in NLMK La Louvière in Belgium. The company plans to roll out the SAM4 system from Dutch tech company Samotics across its other sites in Europe. Samotics’ technology is based on electrical signature analysis, an approach to condition monitoring that offers unique advantages. The SAM4 system captures electrical data remotely, in the motor control center, so there is no need to install sensors on or even near the equipment.

SAM4’s use of ESA technology confers two more benefits for NLMK’s overall asset monitoring strategy. All condition monitoring technologies detect a broad range of mechanical faults; ESA is the only one that can also detect electrical faults, which cause up to 30 percent of equipment failures. It is also the only technology that can report on energy efficiency.

NLMK Europe comprises the production companies and service centres of the NLMK Europe Strip Division comprising of NLMK La Louvière, NLMK Strasbourg, NLMK Manage Steel Center and three NLMK Europe Plate production companies NLMK Verona and NLMK Clabecq & NLMK Dansteel. Located in Belgium, NLMK La Louvière focuses on the production of hot- and cold-rolled coils for the automotive, construction, and engineering industries. The site production capacity will be enhanced to 2,200,000 tonnes of hot-rolled steel and 1,500,000 tonnes of pickled steel.

Samotics was established in 2015 with the aim of eliminating unplanned downtime and industrial energy waste. An expert team of data scientists, software developers and technical specialists develop AI-driven predictive maintenance solutions for AC motors and rotating equipment.

voda 6 oktober 2021 07:45

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Severstal Switches to HCL for Pickling at Cherepovets Plant

Strategic Research Institute
Published on :
06 Oct, 2021, 5:35 am

Severstal Russian Steel division’s Cherepovets Metallurgical Plant has abandoned sulphuric acid in the metal pickling process. Now production at all operating units involves hydrochloric acid etching with the regeneration of spent hydrochloric acid and its return to production. The gradual achievement of the specified operating parameters of the new continuous pickling unit No NTA 4 made it possible to decommission the NTA 2, which involved metal pickling in sulphuric acid and completely switch to a more efficient, safe and environmentally friendly technology.

Continuous pickling unit N 4, which was erected as part of the development of wide-range rolled products, is now at the stage of confirming the warranty indicators. To service the complex, a modern hydrochloric acid regeneration unit URSK was erected on the site. There, a ready-made pickling solution and iron oxide are formed, which is again used in the technological chain in the production of sinter.

Vertraagd	19 apr 2024 17:35
Koers	23,830
Verschil	+0,030 (+0,13%)
Hoog	23,880
Laag	23,440
Volume	2.845.773
Volume gemiddeld	2.411.545
Volume gisteren	2.676.573

16 apr	Deutsche Bank haalt ArcelorMittal van...	1
12 apr	Video: cyclische aandelen bieden kansen
09 apr	World Steel Organisation ziet vraag n...
22 mrt	Mondiale staalproductie in de lift
12 mrt	ArcelorMittal neemt groot belang in V...
05 mrt	Beursblik: experts vinden koerswinst ...
23 feb	Mondiale staalproductie daalt opnieuw
08 feb	ING: ArcelorMittal doet het beter dan...
08 feb	Fors verlies voor ArcelorMittal
06 feb	Beursblik: winstgevendheid ArcelorMit...

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