DeBeurs.nl

voda 27 maart 2017 16:35

0

TATA Steel UK looks to expand tailored blanks business

Autonews reported that hurt by rising steel imports from China, Tata Steel in Europe is aggressively pushing its higher margin tailored blanks business to generate more income. A recent 4 million pound (4.7-million euro) investment at the Indian company’s UK plant has tripled production of tailored blanks, which are primarily used by premium automakers such as BMW Group.

Tata Steel is looking to expand its business with volume automakers by showing them the weight-saving benefits of the technology. Mr Lee Coates, head of Tata Steel’s automotive center at its factory in Wolverhampton, central England said that “We’re seeing more and more use among automakers as they look to reduce CO2 levels.”

Hampering the sales pitch is the fact that it’s a costly process. Tata Steel rival ArcelorMittal, the self-proclaimed world leader in supplying laser-welded blanks, estimates that the cost of a tailor-welded door blank can be 30% more than the cost of the coil material to make the door. However, overall savings can range from 5 percent to 20 percent once the wider benefits less time and effort spent welding and seam-sealing in the body shop are factored in.

Laser welding two or more thicknesses of steel together has been around since the 1990s, but the cost is dropping as the technology improves. The newest of Tata Steel’s two laser-welding machines can produce 2,500 pieces an hour. Combined, the two machines can make 2.3 million pieces a year, up from 750,000 in 2014. Mr Kevin Edgar, Tata’s head of marketing for automotive said that “What has developed is the speed and accuracy of the laser technology. He added that the company’s first machine functioned at one-tenth of the pace now possible. Mr Edgar further said that “There’s a real economy of scale.”

Right now, the plant’s biggest customer for its tailored blanks is BMW Group, which takes about half the output. The end products include the doors for the new Mini and the rear-seat back for the BMW 5 series and 7 series. The BMW models have five separate thicknesses of steel welded together, the most the plant can combine. The two lines are now running at 90 percent capacity with three shifts during weekdays.

Mr Coates admits that mainstream manufacturers are proving harder to convince. He said that “If you’ve not worked with laser welding you might think there’s more of a risk. It’s about education.”

ArcelorMittal claims a laser-weld seam makes a part stronger rather than creating a weakness.

The benefits to Tata Steel are easy to see. Coates estimates that tailored blanks account for about 7% of the automotive output by weight from the firm’s plant but bring in about 20% of the factory’s revenue.

Source : europe.autonews.com

Bijlage:

voda 27 maart 2017 16:36

0

US steel nail makers seeks anti dumping duty against Chinese Importers

Law360.com reported that a US steel nail producer hit the US Department of Commerce with a Court of International Trade complaint seeking to drive up the anti dumping duties assessed on Chinese importers by arguing one company's rate was improperly assigned to 17 more.

Mid Continent Steel & Wire Inc is targeting the final results of the International Trade Administration’s seventh administrative review of anti dumping duties on Chinese steel nail imports. Those results, Mid Continent said, improperly applied the 6.22% duty.

Source : Law360.com

voda 27 maart 2017 16:36

0

Three steel companies have withdrawn projects from Odisha

Press Trust of India reported that altogether three companies that had signed MoUs with the Odisha government for setting up steel plants have withdrawn their projects from the state. Steel and mines minister Prafulla Mallick told the Assembly that eleven others have not yet started work for setting up steel plants. Stating that work on 35 other steel plants were in different stages of production, the minister told the House that the state government had signed MoUs with 49 companies for setting up steel plants.

Replying to a question, the minister said ArcellorMittal, Maharastra Seamless and Sterlite Iron and Steel Company have withdrawn their projects from the state.

While ArcellorMittal had signed a MoU with the state government to set up a mega greenfield steel plant in Keonjhar district, Maharastra Seamless had proposed to set up a steel plant at Duburi in Jajpur district. Sterlite Iron and Steel Company Limited had also proposed to set up a steel plant at Palaspanga in Keonjhar district, the minister said.

On the Posco project, the minister said the South Korean steel major had declined to pay its dues for land to the Industrial Infrastructure Development Corporation (IDCO) and had not utilised the land allotted to it within the stipulated period.

The 11 companies that have not begun work were Artha Mines, Posco, Pradhan Steel and Power, Konark Ispat, Deo Mines and Mineral, Monnet Ispat and Enegrgy, SSL Energy, Tecton Ispat, Uttam Galva Steel (Uttam Utkal Steel), Amtek Metal and Mining and Welspun Power and Steel.

Source : Press Trust Of India

voda 27 maart 2017 16:41

0

PMO, FinMin, Steel Ministry join hands to resolve stressed loans in steel sector

Money Control reported that Prime Minister's Office, Finance Ministry and the Steel Ministry are joining hands to tackle the stressed loans in steel sector. The focus is on the large non-performing assets or stressed loans in the sector. The focus is on resolving the stressed loans of five top steel companies - Essar Steel, Monnet Ispat, Bhushan Steel, Electrosteel Steel and JSPL. They are trying to back the bankers' efforts to find buyers.

About Rs 1.5-2 lakh crore of NPAs or stressed loans of the banking sector comprise of these steel NPAs and if these are resolved then a major bottleneck will be cleared for the banking sector to lend loans.

The government's push to help the banking sector is a positive step.

Source : Money Control

voda 27 maart 2017 16:42

0

Indian Railways looks at private suppliers for tracks

Reuters quoted people close to the matter as saying that Indian Railways is considering ending state-owned Steel Authority of India Ltd’s virtual monopoly on supplying steel for standard rail tracks, opening up annual purchases worth up to USD 700 million to the private sector. In the current financial year, according to the company's data, SAIL is set to fall around 250,000 tonnes of rails short of its 850,000 tonne target, its eighth shortfall in 10 years, and its biggest.

A government official said, quoting from a January 11 letter from the railways to the steel ministry that oversees SAIL, threatening to sever a deal to buy rails almost exclusively from the company, said “SAIL’s performance has been very poor and given that we have a MoU, any failure will not be appreciated,"

Two other government officials confirmed the railways' threat. All three officials declined to be identified because of the sensitivity of the matter.

The rails shortfall has slowed Prime Minister Narendra Modi's plans to revamp the network, and highlights how his infrastructure investment drive is forcing government units to get tough on suppliers. Railways is undergoing a USD 130 billion, five year overhaul to modernise the world's fourth-largest network, which is blighted by ageing track and saturated capacity. The government has also launched a USD 15 billion fund to improve rail safety. Train accidents due to track defects have risen 25 per cent in the past two years, the railway ministry told parliament last week.

The biggest likely winner from opening up to private suppliers is Jindal Steel and Power Ltd, which has already exported rails to Iran and has tried for years to muscle in on SAIL’s business.

Source : Reuters

Bijlage:

voda 27 maart 2017 16:45

0

Arcelor Mittal told to set up alternative industry in Karnataka – Mr Deshpande

Deccan Herald reported that Karnatka Minister for Heavy and Medium Industries R?V?Deshpande said on Saturday that steel major Arcelor Mittal had been told to send a proposal for setting up an alternative industry in the district.

This is due to the Supreme Court direction that only companies already having steel plants could take part in the ore auction process.

The minister said the company had planned to set up a solar power plant. The matter would be discussed at the meeting of the high-level clearance committee, he said. The company had been advised to set up an industry that has more employment opportunities.

Arcelor Mittal had been sanctioned 4,800 acres near Ballari for a steel plant at the Global Investors Meet in 2010. Of this, the firm had been handed over 2,796 acres.

Source : Deccan Herald.com

Bijlage:

voda 27 maart 2017 16:48

0

Iran abandons plans for iron ore export tariffs

Reuters reported that Iran has scrapped a plan to impose tariffs of between 5 and 10% on iron ore exports and may also abandon a 15% duty on shipments of iron ore pellets, used as a raw material in steelmaking.

Iran has been working to boost its domestic steel industry and European producers have complained it is selling into the EU market at less than fair value.

The European industry has also accused the Iranians of using existing export tariffs on iron ore pellets in a protectionist way to maximise the amount of cheap ore available for domestic steelmakers.

Mr Keyvan Ja'fari Tehrani head of international affairs at the Iranian Iron Ore Producers and Exporters Association, said Iran had planned to impose export duty on unprocessed iron ore or fines this month, but on March 10 it changed tack. He said that "There's no tax on export on iron ore lumps and no fines anymore adding European opposition to the tariffs had played a role.”

He said that "Iran thought if it imposes duty on iron ore exports, it loses the chance to export steel to the EU, adding an existing 15% tax on pellet exports was also expected to be abandoned.”

He said Iran had taken its last shipment of iron pellets in January last year, and planned to start exporting between 100,000 and 200,000 tonnes of pellets per month from April, mostly to China.

The EU is investigating alleged dumping of hot-rolled steel by producers in Iran as well as Brazil, Russia, Serbia and Ukraine.

Iran has ambitious plans to develop its steel sector and has been seeking to attract foreign investment since it reached an international deal in 2015 to curb its nuclear programme in return for an easing of sanctions.

But progress has been stalled by the difficulty of financing deals and investors have also been deterred by U.S. President Donald Trump's hostility to the nuclear deal.

Mr Arshiya Sibia analyst at CRU Group said Iran's steel output had grown by 9 percent last year, adding that because domestic demand was not strong, they had ramped up exports.

Source : Reuters

Bijlage:

voda 27 maart 2017 16:49

0

FMG announces USD 1.0 billion repayment of term loan

Fortescue Metals Group announced that it has issued a USD 1.0 billion repayment notice for the 2019 Senior Secured Credit Facility.

In line with Fortescue’s previously announced strategy, this USD 1.0 billion Term Loan repayment will be made at par on Thursday 30 March 2017 and will generate annual interest savings of approximately US$38 million. Following this repayment, the outstanding balance of the 2019 Term Loan will be reduced to US$976 million.

Mr Nev Power CEO said that “This USD 1.0 billion payment continues our debt reduction strategy lowering our all in cost position and reducing 2019 debt to less than USD 1.0 billion. Productivity and efficiency initiatives have delivered sustained cost reductions and combined with strong market conditions are generating significant free cash flow. We will continue to prioritise free cash flow for debt reduction, investment in our core iron ore business and returns to shareholders.”

Source : Strategic Research Institute

voda 27 maart 2017 16:51

0

Black Iron suspensions lifted on Shymanivske Project

Black Iron Inc report that the Company has received written notice from the Dnepropetrvosk Ecology Department (the "Ecology Department") that the suspensions on exploration activities imposed by the Ecology Department on the Company's Shymanivske project in 2011 and 2012 have been lifted.

Mr Matt Simpson CEO of Black Iron, commented that "We have always believed that the basis for these suspensions were unfounded and we are glad to see Ukraine's new government taking action to resolve such suspensions and support international investors. It is refreshing to see support from multiple levels of government to bring the Shymanivske project into production. In addition to the suspensions being lifted, the Kryvyi Rih City Council has held public hearings in support of initiating a process to lease to Black Iron surface rights for the land covering the Shymanivske project (see press release dated January 23, 2017). In the near term, the Company expects to receive a positive decision from the Kryvyi Rih City Council authorizing Black Iron to develop a detailed land allotment plan for the Shymanivske project, as required by Ukrainian law, prior to signing a lease agreement with the city of Kryvyi Rih for the Shymanivske project surface rights."

With iron ore prices holding strongly at approximately USD 90/T coupled with Ukraine's heavily depreciated currency, Black Iron believes the pieces are coming into place to bring the Shymanivske project into production.

Source : Strategic Research Institute

voda 27 maart 2017 16:52

0

ESSAR Steel's iron ore development project in Odisha hits pollution hurdle

India Infoline News Service reported that Odisha State Pollution Control Board has urged Essar Steel to get the permission to expand its iron ore block in the state.

The company has bagged the Ghoraburhani-Sagasahi block in the first ever iron ore auctions which were held in Odisha by beating the competitors like Tata Steel, Jindal Steel & Power and Bhushan Steel, who offered higher bid prices.

As part of the project, the steel company is also setting up a crushing & screening plant and a beneficiation plant with a capacity of 6.7 mtpa over an area of 139.16 hectares (ha) at Ghoraburhani, Sagasahi and Kalmang villages situated in Sundargarh district.

Essar is planning to touch a production capacity of 7.16 million tonne per annum (mtpa) run of the mine product from the iron ore block.

Source : India Infoline News Service

voda 27 maart 2017 16:53

1

Rio Tinto upbeat on China steel capacity cuts

China Daily reported that head of global mining giant Rio Tinto Group Plc said China's move to trim overcapacity in its steel industry would benefit his group and others like it, instead of hurting their business interests. Mr Jean-Sebastien Jacques CEO said in Beijing that China's plans to cut more overcapacity was a good opportunity for the company because steel plants would resort to utilizing high-quality assets and higher-quality raw materials.

Mr Jacques said the government would shut down smaller and more polluting blast furnaces while switching to using the newest, largest blast furnaces. He said that "It could be a very good piece of news, with lots of opportunities and the reason why is that in order for them to produce exactly the same output, they will have to buy higher quality raw materials.”

China sees massive overcapacity in its iron and steel sector and has vowed to continue with its overcapacity reduction this year, with a target of cutting 50 million metric tonnes of steel production.

While some commentators and analysts have portrayed the initiative as being a potential drag on iron demand in the world's second-biggest economy, Jacques said he was not concerned.

He said that "I believe China's restructuring of its steel industry will help reduce pollution, but will not lead to a drastic reduction of steel output.”

Mr Jacques said that China's economic growth target for this year has been set at around 6.5%, lower than the 2016 band of 6.5% to 7%, however, he was as confident as ever about the company's business in the country and on China's economy.

The CEO said that considering the size of China's economy, a 6.5% of economic growth target still meant a lot of demand for iron ore, steel and copper ore and "we believe we will be selling more of our products in the country".

Mr Jacques said the mining group welcomes the Belt and Road Initiative, which would lead to infrastructure improvements and provide a boost for companies in related sectors. He added that "For mining companies like us, there will be demand for iron ore and copper, both of which might be the best investments for growth.”

Source : China Daily

[verwijderd] 27 maart 2017 18:49

0

quote:
voda schreef op 27 maart 2017 16:53:
Rio Tinto upbeat on China steel capacity cuts

AB Voda voor al het nieuws weer.

groeten vanuit een zonnig en heel warm Mexico Stad

Ozzy

voda 28 maart 2017 17:04

0

AISI update on Raw Steel Production in USA in Week 12

In the week ending on March 25, 2017, domestic raw steel production was 1,725,000 net tons while the capability utilization rate was 72.8 percent.

Source : Strategic Research Institute

voda 28 maart 2017 17:04

0

US finished steel import market share seen at 25% YTD in February - AISI

Based on preliminary Census Bureau data, the American Iron and Steel Institute reported that the US imported a total of 2,685,000 net tons of steel in February 2017, including 2,043,000 net tons of finished steel (down 4.6% and 12.3%, respectively, vs. January final data).

Source : Strategic Research Institute

voda 28 maart 2017 17:05

0

SIAM’s expectations from Steel Ministry

The automobile sector is one of the key stakeholders of the Indian steel industry. Steel has for long been the material of choice for automakers worldwide. The usage of steel has allowed automobile manufacturers to achieve desired standards of strength and safety for their vehicles at relatively low costs vis a vis other materials. Though the industry hails the effort of the Government to accelerate the growth of the steel industry, it feels that the benefits should also percolate to the automobile sector as well. In an interaction with Bureaucracy Today, Vishnu Mathur, Director General of the Society of Indian Automobile Manufacturers, shares the expectations of the automobile sector from the Steel Ministry and how it can contribute to the growth of the Indian steel industry.

Q - How can the automobile sector contribute to the growth of the steel industry in India?

A - The automobile industry is presently obtaining about 75% to 80% of its steel requirements from the domestic steel industry. We are in constant touch with the steel mills and are assisting them in developing domestically the grades required by the auto industry. This cooperation will continue and we hope to indigenise more and more grades over the next few years.

Q - The Steel Ministry is pushing up a policy for making Bureau of Indian Standards certification mandatory for the production, storage and sale of steel, a move which the automobile sector says will hurt and even halt its manufacturing operations. Please comment.

A - Mandatory BIS Certification has been notified in regard to around 15 BIS Standards in hot rolled and cold rolled steels and a few standards of stainless steel. The auto industry is impacted by some of these standards and difficulty is being faced in the import of the grades not covered by the standards under the mandatory order.

The auto industry is in constant touch with the Bureau of Indian Standards as well as the Steel Ministry and has apprised them of its difficulties. The Ministry has since informed the Customs authorities of specific grades used by the auto industry that are not covered by the order. However there is a lack of clarity in some cases and a stoppage of imports in such cases could lead to a stoppage of production.

Q - What are the SIAM’s expectations from the Steel Ministry?

A - While the Steel Ministry’s anxiousness to protect the steel industry is understandable, it is equally its responsibility that steel user industries are not put to unnecessary hardships. We would request the Ministry to take into consideration the problems faced by the automobile industry. The fact is that the auto industry is importing steel of only those specifications as are not being manufactured by the domestic mills and are thus not causing any damage to the mills. The Ministry may exclude the steel used by the auto industry from the ambit of the restrictive orders like the Quality Control Order mandating BIS marking and anti-dumping duty.

Source : Bureaucracy Today

voda 28 maart 2017 17:05

0

Chinese Premier Mr Li rejects steel dumping claim by New Zealand

Stuff.co.nz reported that Chinese Premier Li Keqiang has rejected claims China is dumping steel In New Zealand, and made a pointed reference to the level of dairy exports to that country. The Ministry of Business Innovation and Employment has launched a probe into alleged steel dumping amid suggestions revealed by Stuff last year that China may take trade reprisals if an investigation went ahead.

In a long and detailed answer during a joint press conference with Prime Minister Bill English which Li returned to after being handed a note by an official he said that 90% of China's steel products were consumed domestically and only 10% exported, so exports were only a small fraction of production.

He said some zinc-coated steel was imported from China but it amounted to less than 5 per cent of this country's imports of steel, so most came from other countries.

Mr Li said China was not dumping steel products in New Zealand, noting that 50 per cent of dairy products imported into China came from New Zealand and "we haven't said NZ is dumping in China".

He also pointed to the trade imbalance in New Zealand's favour, and said the two countries needed to be open-minded in addressing that.

He furher said that "China has a deficit with New Zealand but we haven't seen that as negative."

Source : Stuff.co.nz

Bijlage:

voda 28 maart 2017 17:06

0

Nippon Steel & Sumitomo Metal plans to raise product prices

Reuters reported that Nippon Steel & Sumitomo Metal Corp plans to raise prices of its steel products by about JPY 5,000 per tonne in the April to September half to reflect rising costs of materials and distribution.

Mr Kosei Shindo president of Japan's biggest steelmaker told a news conference that "We have asked our customers to raise our products prices by about 20,000 yen per tonne this financial year due to higher prices of coking coal and other costs.”

He said that "But we will need to ask for an additional hike by about 5,000 yen per tonne in the first half of the next financial year as prices of iron ore and other raw materials including zinc as well as metal scrap are climbing.”

Source : Reuters

voda 28 maart 2017 17:07

0

Germany seeks EU help in steel row with the US

DW reported that Germany has called on the European Commission to back its steelmakers by insisting on global trade rules in a dispute with US competitors over alleged German price dumping on the embattled US market. The US Department of Commerce has launched price dumping proceedings against foreign steel firms, including two German producers, suspecting they may be selling stock at unfairly low prices to undercut US producers.

In response to the measure, former German economy minister and current foreign minister Sigmar Gabriel urged Brussels to push the US to respect World Trade Organization rules when judging the case.

In a letter to EU trade commissioner Cecilia Malmström he said German manufacturers had "nothing to fear" from fair competition on global steel markets, and added: "US competitors may hope that the new US government would be ready to allow them unfair dumping competition, even when that infringes the rules. We Europeans can't allow that."

In Gabriel's judgment, it was "extremely important to take a clear position and not to start transatlantic trade dialogue with the new US government with a negative and unjustified decision."

If EU steelmakers are found to be selling steel at unfair prices and forced to pay high tariffs in the US, they could face massive disadvantages in international competition, Gabriel fears.

Source : DW.com

voda 28 maart 2017 17:07

0

India approves construction of 10 million tonnes of steel silos

DNA India reported that Indian government has approved plans to construct steel silos with 10 million tonnes capacity by 2020 in public private partnership mode for storing foodgrains. The Food Corporation of India has awarded contracts for creation of 1.6 million tonnes silos and state governments have completed/awarded contracts for 2.15 million tonnes silos.

Minister of State for Food and Consumer Affairs C R Chaudhary said that "Government has approved an action plan of FCI for construction of steel silos of capacity 10 million tonnes by FCI as well as state governments in Public Private Partnership (PPP) mode in a phase-wise manner (3 phases) by the end of year 2019-20.”

The FCI, which is a nodal agency for procurement and distribution of foodgrains, handles about 60 million tonnes of wheat and rice annually.

The minister said that "The silos are being constructed through private sector participation in Public Private Partnership (PPP) mode. FCI will be benefited as it will not incur any capital investment for any of the projects.”

He added that the responsibility of designing, building, financing and operating the silos will be of private parties.

Mr Chaudhary said silos are a safer and modern means of storage, and foodgrains can be stored for a longer period, with reduced losses and less handling and labour costs.

Source : DNA India

Bijlage:

voda 28 maart 2017 17:08

0

Ousted Usiminas CEO Mr Rômel de Souza questions board decision

Reuters quoted ousted chief executive officer of Brazilian steelmaker Usinas Siderurgicas de Minas Gerais SA as saying that he did not violate company polices during negotiations over ways to tap cash from a subsidiary last year. In an interview on with Reuters, Mr Romel de Souza said the unilateral action he took last May to procure excess cash from mining subsidiary Musa Mineracao Usiminas SA was nonbinding and did not constitute a violation of the steelmaker's compliance rules, as several board members claimed.

He said that "Sadly, I have no idea why the board lost trust in my name. ... I acted in good faith because the negotiations and the memorandum of understanding between both parties was nonbinding.”

Seven of Usiminas' 11-member board voted to dismiss Romel de Souza on Thursday, and replaced him with Sergio Leite, a longtime executive who had a brief stint as CEO last year.

Souza's dismissal deepened a 2-1/2-year rift between the steelmaker's two top shareholders, Nippon Steel & Sumitomo Metal Corp and Ternium SA, which are battling over control of Usiminas.

It was the second time in two years that the board had voted to fire Souza as head of Brazil's largest listed flat steelmaker. Last May, the board ousted him and appointed Leite as his replacement. Souza was reinstated weeks later following a court injunction.

Source : Reuters

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...

Arcelor Mittal « Terug naar discussie overzicht

Nieuws en info hier plaatsen (deel 4)

Meedoen aan de discussie?

Direct naar Forum

Detail

ArcelorMittal nieuws meer