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voda 25 augustus 2016 17:01

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AISI update on raw steel production in US in Week 33

In the week ending August 20, 2016, domestic raw steel production was 1,655,000 net tons while the capability utilization rate was 70.8 percent.

Source : Strategic Research Institute

gerben22 25 augustus 2016 20:17

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god allemachtig wat is dit hier voor een knip en plakwerk

voda 25 augustus 2016 20:43

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quote:
gerben22 schreef op 25 augustus 2016 20:17:
god allemachtig wat is dit hier voor een knip en plakwerk

god allemachtig wat een indrukwekkend resume? :-(

www.iex.nl/Leden/353712/gerben22.aspx

gerben22 26 augustus 2016 16:03

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jaja daar heb je niet van terug of niet?
dat ene zinnetje is net zo indrukwekkend als alle knip en plakwerk hier.

voda 26 augustus 2016 16:16

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US preliminary steel imports in July increase by 12% MoM

Based on preliminary Census Bureau data, the American Iron and Steel Institute has reported that the US imported a total of 3,170,000 net tons (NT) of steel in July 2016, including 2,416,000 net tons (NT) of finished steel (up 12.4% and 6.5%, respectively, vs. June final data).
To access the above information, you are required to upgrade your service.

Source : Strategic Research Institute

voda 26 augustus 2016 16:16

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Chongqing Steel to sell steel assets to the Yufu Group and exit steel business

Reuters reported that China's debt-ridden Chongqing Iron and Steel is drawing up radical restructuring plans that will see the firm exit the steel industry and shift its focus to more lucrative sectors like finance. In a notice filed to the Shanghai Stock Exchange, Chongqing Steel blamed the downturn in the economy, severe industrial overcapacity, soaring labor costs and persistently low steel prices for its predicament.

It said it would sell its steel assets to the Yufu Group, an entity run by the local Chongqing municipal government. It then aims to acquire high-quality assets in the financial and industrial investment sectors from the group. The plans have not yet been finalized.

The firm suffered net losses of almost CNY 6 billion (USD 901.47 million) in 2015 and nearly CNY 1 billion in the first quarter of 2016. Its shares in Shanghai have been suspended since June.

Source : Reuters

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voda 26 augustus 2016 16:19

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Jagadamba launches Rhino 500D steel rebar in Nepal

Kathmandu Post reported that the Shankar Group’s flagship company Jagadamba Steels has launched a brand new product, Rhino Steel Rebar, in Fe 500D grade with guaranteed ductility in the Nepali market. Rhino 500D is a new generation, high strength and ductile ribbed reinforcement bar.

Rhino 500D Rebar is available in sizes 8 mm and up to 32 mm through exclusive retail points spread across Nepal. It is also available in 36 mm and 40 mm sizes as per customer/project requirements. Each rebar is supplied in a fixed length of 12 metres to ensure standard processing and thereby causing less wastage during fabrication.

The new steel rebar is different from other rebars in the way it has been manufactured and in its combination of both physical and chemical properties. Rhino Steel Rebar in grade Fe 500D comes with a combined restriction of impurities like sulphur and phosphorous to a maximum of 0.075 percent which ensures higher strength and ductility in the rebar.

Mr Shahil Agrawal, managing director of the Shankar Group at the launching programme, said “Jagadamba Steel has introduced Rhino 500D high ductile steel rebar to cater to the big challenge of safe and earthquake-resistant construction. Given the higher ductility and strength, Rhino 500D Rebar is ideally suitable for application in Nepal, considering the high seismic risk potential.”

He added “It is highly recommended for applications in construction ranging from small individual houses to large infrastructure projects and is ideally suitable for high-rise buildings, bridges, flyovers and dams, foundation of wind turbines, industrial structures, concrete roads, underground structures such as tunnels, and thermal and hydroelectric power stations.”

Source : Kathmandu Post

voda 26 augustus 2016 16:22

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Daido Steel to set up neodymium magnets plant in US

Nikkei reported that Daido Steel has decided to build a neodymium magnet factory in the US to meet growing demand from automakers there for motors used in hybrid and electric vehicles. The plan is to initially spend several billion yen to get the plant up and running by 2019. More equipment will be added later in a stepwise fashion between then and 2026. Investment will ultimately total around JPY 10 billion.

The Japanese maker of specialty steels and magnetic materials is the fourth-largest producer of high-performance neodymium magnets in Japan, after the big three of Shin-Etsu Chemical, Hitachi Metals and TDK.

Daido Steel already operates factories for neodymium magnets in Thailand and the Chinese cities of Shenzhen and Suzhou, making the American site its fourth overseas production base.

The company also plans to reorganize the group's magnetic business, merging subsidiaries Daido Electronics and Intermetallics Japan next January to unify production, development and sales activities.

Daido Steel and Daido Electronics worked with Honda Motor to develop a neodymium magnet that does not use any heavy rare-earth elements. The Japanese automaker plans to employ this magnet in hybrid systems of new models.

Intermetallics Japan specializes in high-purity, resource-saving sintered magnets and has supplied them to BMW since 2013 for hybrid vehicles.

Source : Nikkei

voda 26 augustus 2016 16:23

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PT Krakatau Steel aims to reduce losses to USD 51 million in 2016

The Jakarta Post reported that Indonesian state-owned publicly listed steel company PT Krakatau Steel aims to reduce its net losses to USD 51 million by the end of 2016 from the USD 87.54 million in losses recorded in the first half of the year. The company reduced its net losses from USD 134.93 million during the first half of 2015 after it increased production and sales.

President director Sukandar said at a shareholder’s meeting on Thursday that "Our total sales in the first half reached 1.17 million tons, increasing 39.59 percent compared to last year's first half.”

The company hopes to persuade the government to use Indonesian-made steel in national projects, especially the steel bars for concrete construction, he said.

This year, the company succeeded in booking an operating profit of $26.69 million although the company recorded a loss in its bottom line. Sukendar said the loss came from the company’s unprofitable subsidiaries.

Source : The Jakarta Post

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voda 26 augustus 2016 16:24

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Indian steel Ministry seeks higher supply of coking coal form domestic miners

PTI reported that the India’s Steel Ministry has approached the Coal Ministry asking for increased availability of indigenous coking coal in order to reduce dependence on import of the fossil fuel. An official said “The Steel Ministry wants more availability of coking coal for steel plants of SAIL and RINL. As a result, Steel Secretary Aruna yesterday met Coal Secretary Anil Swarup.”

He said “The Steel Ministry wants to reduce dependence on imports.”

He added that it also asked the Coal Ministry to allocate coking coal blocks.

Earlier this year, the government had said that efforts were being made to increase the availability of indigenous coking coal in the country in order to reduce the import of the fossil fuel which is mainly used in production of steel.

The coking coal import has increased from 13 million tonnes in 2003-04 to over 45 million tonnes in 2014-15 and during the same period the dry fuel production dropped from about 18 million tonnes to 14 million tonnes and supply of washed coking coal to steel plants was only 6.6 million tonnes in 2013-14

Source : PTI

voda 29 augustus 2016 16:30

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Iranian steel exports in 4months surge by 67% YoY

Iran Daily reported that Iran exported 2 million tonnes of steel and steel products in the four months from March 20 displaying a 67 per cent growth compared to the figure of 1.2 million tonnes for the same period in 2015.

Mahdi Karbasian, managing director of Iranian Mines and Mining Industries Development and Renovation Organization said that Iran also exported mine and mineral industries products worth $2.4 billion during the four-month period,

He added that four direct-reduced iron (DRI) plant will be established in the country by mid-March 2017.

Karbasian further noted that the annual capacity of sponge iron production will increase by 3.2 million tonnes.

Source : Iran Daily

voda 29 augustus 2016 16:30

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POSCO steps up automotive steel supply business

Korea Herald reported that POSCO is putting efforts into enhancing its automotive steel plate business as one of the few global companies that supplies steel sheets for carmakers. Automotive steel, a cash cow steel product, are only supplied by some 20 out of about 800 steelmakers in the world. POSCO supplies 10 percent of the world total at 8.7 million tonnes.

POSCO’s self-developed automotive steel plate is displayed at North American International Auto Show in Detroit in January.

Earlier in January, the Korean steelmaker showcased its self-developed advanced steel technologies, such as twinning-induced plasticity steel and hot pressing forming steel, in a technology exhibition at the North American International Auto Show held in Detroit, Michigan.

TWIP steel, mainly applied to the front and back bumpers of vehicles, can withstand up to 100 kilograms per square millimeter pressure and boasts up to three times higher formability. HPF steel endures up to 150 kilograms per square millimeter and endures better formability under high temperature.

To speed up the automotive steel plate business, POSCO has rationalized the facilities of its automotive steel plate factory in Gwangyang, South Jeolla Province, and completed the construction of two automotive steel plate factories in China in May.

A factory for a continuous galvanizing line is also slated to be completed in Thailand soon.

Source : Korea Herald

voda 29 augustus 2016 16:31

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Steel Rolling Mills in Uganda lays off 2,500 workers in last 2 years

The Monitor reported that about 2,500 workers of Steel Rolling Mills in Uganda have been laid off in the last two years. During a press conference in Masese, Jinja District, the factory’s general manager, Mr Ismail Nasifu, said since February 2014 when the production machine broke down, the factory’s operation has been irregular, leaving the management with no choice but to lay off some of workers.

Mr Nasifu said “From January to date, 1,500 workers have been terminated. Before that, we laid off 1,000 employees.”

He added “More 200 including administrators are likely to be sacked because the machine is now completely down. This is worrying, yet our choices are limited. Without the having the machine up and running, we cannot do much.”

Steel Rolling Mills is also battling to pay off a Shs50 billion loan it acquired from Standard Chartered Bank in 2014, which it used to replenish its machines. Consequently, the firm was placed under receivership to allow the bank recover its loans.

The company was founded in 1987 and is a member of Alam Group.

Source : The Monitor

voda 29 augustus 2016 16:33

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Dit had gewoon een klus voor AM moeten zijn. :-)

Dillinger delivers steel for new railway bridge Spoorbrug Muiderberg in Amsterdam

Quality steel from Dillingen will once again played a “supporting role” when the “Spoorbrug Muiderberg,” a two-track railway bridge over the A1 highway east of Amsterdam, opened for rail transport this coming Friday, 26 August 2016:

Source : Strategic Research Institute

voda 29 augustus 2016 16:34

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Major Chinese steelmakers see profits surge in H1 of 2016

Xinhua reported that China's major steel companies saw a profit turnaround in the first half of 2016, but the pressure of cutting overcapacity in the sector remains. Of the 19 steel companies that have already released their profits in the first half of the year, 13 companies reported profit rises, with eight seeing profits more than double. The total net profits of the 19 steel companies reached CNY 2.3 billion yuan in H1, compared with a loss of CNY 1.57 billion during the same period last year.

In a report filed to the Shanghai Stock Exchange, Shandong Iron and Steel Company said its net profits stood at CNY 23.15 million in H1, surging over 210 % YoY.

Net profits for Inner Mongolia Baotou Steel Union reached CNY 27.52 million, an increase of over 117% YoY

Sansteel Minguang Company in Fujian Province saw H1 net profits jump more than 233% YoY to CNY 360 million

Source : Xinhua

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voda 29 augustus 2016 16:35

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Tata Steel officially shelves plans to set up steel plant in Bastar

Business Standard reported that Tata Steel has finally given up the plan to set up 5.5 million tonne per annum green-field integrated steel plant in Chhattisgarh’s Bastar district. The company had inked a Memorandum of Understanding with the Chhattisgarh government in June 2005 for setting up the plant with an estimated investment of Rs 19,500 crore. Since the proposal could not realise, the MoU period was extended that finally ended in June 2016. The company did not seek another extension.

Mr Anand Sinha, Tata Steel’s Chhattisgarh project head, told Business Standard that the company had officially decided to quit the Bastar steel plant project. The delay in the land allocation on the part of state government’s agencies was learnt to be the reason behind the move.

Managing Director of state-run Chhattisgarh State Industrial Development Corporation Mr Sunil Mishra confirmed “The Tata Steel had sent a letter to the state investment promotion board (SIPB) informing about the decision to quit the project.”

The company had selected site near Lohandiguda in Bastar district, otherwise infamous for the Naxal violence. About 2000 hectares of land spread across 10 villages was required. Since the pocket had been notified as “tribal area”, the company could not directly purchase land from the villagers. Instead, the government was supposed to procure land and later allot it to the company.

Besides land, there was another major factor that propelled Tata Steel to take the decision to abandon a mega steel plan. The actual count-down started in February after the steel major lost an iron-ore mine that it was allotted in Dantewada district, about 150 km from the proposed steel plant site. The company was allotted 2,500 hectares of iron ore bearing land in Bailadila deposit No. 4 in 2008 to feed raw material for the Bastar steel plant. A prospecting licence was issued to the company for the mine that had an estimated reserve of 108 million tonnes of high grade iron ore. Since the pocket was infested by Naxal activities, the company failed to complete the prospecting work within the set time following which the agreement reached with the state government for the allocation of iron ore mine stood cancelled. Tata steel lost the mine.

The Tata steel winded up its offices located in Raipur and Bastar while shifting the manpower to other locations.

PROJECT PROFILE
Capacity: 5.5 MTPA with 625-Mw captive power plant
Land Required: 2,044 hectares
Estimated Investment: Rs 19,500 crores
End Products: Long products like Billets, Sections, Wire Rods and Seamless Pipes required for construction purpose
Employment: Nearly 10,000 with 3715 direct employment Opportunity.
(Source: EIA Report)

Source : Business Standard

voda 29 augustus 2016 16:36

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JSW to set up 10 million tonne steel plant in Odisha

Business Standard reported that JSW Group has committed an investment of INR 50,000 crore in Odisha for a 10-million tonne steel project. JSW Group Chairman Mr Sajjan Jindal said after his meeting with Odisha Chief Minister Naveen Patnaik at an investors' meet in Bengaluru that “JSW Steel will set up a 10 million tonne steel plant in Odisha at an estimated investment of INR 50,000 crore. In the first phase, the company will set up a 4 million tonne mill. Later, the capacity will be ramped up to 10 million tonnes.”

Mr Jindal declined to comment on the location of the proposed steel mill, hinting it might come up near the Paradip port. He said “Talks were on with the state government to firm up details of the project.”

Mr Sanjiv Chopra, principal secretary (industries), Odisha said “The state government is in talks with JSW Steel to identify a suitable location. Once they come up with a detailed proposal, the state government can give them approvals within 30 days.”

To overcome carrying iron ore by road, the company intends to lay a pipeline from the Barbil mines in Keonjhar district to Paradip to carry ore in slurry form. The cost of the 280-km pipeline is pegged at Rs 1,250-1,500 crore.

JSW Steel is also keen on participating in auctions of iron ore blocks in Odisha.

Source : Business Standard

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voda 29 augustus 2016 16:44

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SC refuses stay on HC order on JSPL lifting iron ore from SMPL lease area

Prameya News 7 reported that the Supreme Court after the first hearing of the Special Leave Petition filed by Odisha Government against the Orissa High Court order allowing JSPL to lift its purchased iron ore from the Sarada Mines leased area did not deliver any express stay on the order of the HC.

JSPL had been issued notice to respond to the SLP and interim prayer of stay filed by the State Government. In a way, this has cleared the decks for JSPL to lift the iron ore from the SMPL leased area for which the Orissa HC has ordered the State Government to give lifting permission within four weeks from July 12. The State is left with no alternative but to give permission or invite contempt of the HC order where the deadline of four weeks expired on August 9, 2016

In April, 2016 the HC had directed the Odisha government to allow JSPL to transport its legally purchased iron ore fines and lumps lying within the leasehold area of SMPL to the Company's Pelletisation Plant at Barbil and railway siding. When the State Government delayed in implementing the Order, the High Court again asked the State Government to comply with its order within four weeks from July 12, after hearing prayer by JSPL, seeking clarification regarding the timeline for execution of the order.

Now since, four weeks time has crossed and the Apex Court did not allow an expressed stay on HC order, State Government seems to have no option but give permission to JSPL to lift the iron ore. JSPL has purchased this material between 2004 and 2014 and had paid royalty and taxes for the same to the state government. In fact, this will be a welcome step by the State Government as the steel industry is reeling under heavy pressure for raw material because of various factors.

The act of the State Government in further dillydallying in granting the permission, as per High Court Order will not only be seen as a violation of the High Court but also will result in dampening the confidence of the Investors. Thousands of families will be impacted, if the Company closes operation or reduced operation due to non-availability of raw material. The Company has set up pelletisation plant at Barbil, which is largest pelletisation complex in India and is setting up a 6 MTPA steel plant at Angul with an investment of over Rs. 30000 Crore. Out of 6 MTPA, the Company has installed 1.5 MTPA steel making facility at Angul. The Company has been giving direct and indirect employment to more than 60000 people in the State.

According to industry experts, such delay in allowing JSPL to lift the raw material, lawfully purchased by JSPL, reflects poorly on the State policy making and also daunts the spirit of value addition industry in the state, which is struggling due to high input cost in the state and poor market conditions. It is a clear signal that the welfare of the people of Odisha is not at forefront of the State decision makers.

Source : Prameya News 7

voda 29 augustus 2016 16:45

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Malaysia inks MoU with Hebei Xinwuan Steel Group to setup 3 million tonne steel plant in Sarawak

The Borneo Post reported that the State Government yesterday signed a Memorandum of Understanding with Hebei Xinwuan Steel Group and MCC Overseas Limited to conduct preliminary feasibility studies for the development of a steel plant in Sarawak. The proposed RM13-billion (USD3 billion) integrated project will be located in Samalaju Industrial Park (SIP) in Bintulu. MCC Overseas is a Fortune 500 company.

The project will be the largest ever foreign direct investment (FDI) in Sarawak if it materialises. All parties involved have pledged their support and commitment to facilitate the study and roll out the project.

Deputy State Secretary Datu Ismawi Ismuni signed the MoU on behalf of Sarawak while president Wang Wenan and vice-president Cheng Changan signed for Xinwuan Steel and MCC Overseas respectively in Handan City in Hebei Province.

Industrial and Entrepreneur Development, Trade and Investment Minister Datuk Amar Awang Tengah Ali Hasan welcomed the interest and commitment of the companies from China under their ‘One Belt, One Road’ strategic plan to expand abroad by choosing Sarawak.

Source : The Borneo Post

voda 29 augustus 2016 16:46

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SAIL BSL strives to win PM's Trophy

Times of India reported that Steel Authority of India Limited’s Bokaro Steel Plant welcomed the panel of judges of Prime Minister's (PM's) Trophy on Saturday. The panel was in Bokaro to adjudge the best integrated steel plant in the country and BSL left no stone unturned to prove a strong contender. The management has spent lakhs on cleanliness, repair, beautification and other activities.

The team members visited different units including Coke Ovens, Blast Furnace, Continuous Casting Shop and CRM-III. The judges also held discussions on topics such as operational efficiency, marketing and customer satisfaction, research and development projects, people and sustainable development and others. The members during their visit interacted with few customers of BSL and a group of young employees of the plant.

The PM's Trophy is given by the Union ministry of Steel to the steel units for their outstanding contribution in the sector.

Source : Times of India

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