DeBeurs.nl

[verwijderd] 5 juli 2021 13:27

0

ABN AMRO Oddo herhaalt het koopadvies voor Aperam

maandag 5 juli 2021 - 10:46u -

ABN AMRO Oddo verhoogt het koersdoel van Aperam naar € 60,00 van € 46,00. Het koopadvies van vrijdag 8 januari 2021 wordt herhaald. Dit vorige advies heeft geresulteerd in een rendement van 22,28%.

[verwijderd] 5 juli 2021 13:27

0

Holy shit! 14 euro koersdoel verhoogd!! Fantastisch zeg!

voda 9 juli 2021 16:28

0

Fully 3D Printed Stainless Steel Tower Tresse in South of France

Working with artist Riccardo Ragazzoni, MX3D began working on the Tresse project in 2020. This fully 3D printed stainless steel sculpture has now been placed in a private garden in the South of France. In his search for a manufacturing partner, Ragazzoni went to Italy and approached several companies that were using traditional techniques, such as bronze casting or cut metal. However, these techniques did not fit with the artist’s vision as he searched for new innovative ways to produce his 4-meter tall steel sculpture. The final Tresse project has been fully 3D printed in stainless steel while the tips were polished and gold-plated in post-production.

With over 10.000 kg of metal 3D printed objects since 2014, MX3D brought large-scale robotic wire arc additive manufacturing (WAAM) and its market to life, enabling metal 3D printing to be more flexible, faster, and affordable. Now, the Dutch company is ready to transform the market further by launching the first dedicated robotic WAAM software enabling companies, engineers, and designers to print end-to-end large-scale 3D metal objects in-house.Tresse project

MX3D’s Robotic Wire Arc Additive Manufacturing (WAAM) technique allows higher form flexibility in shapes and textures and leads to significant material reduction. This process allows creating geometries with higher complexity than conventional manufacturing processes (such as CNC-milling, cast) and a higher speed and cost-efficiency compared to powder-based metal AM processes. By controlling the full WAAM workflow from CAD to print, MX3D’s technology has many benefits and allows you to go from idea to finished product in one go with MetalXL.

Source - Strategic Research Institute

Bijlage:

voda 16 juli 2021 08:15

0

India Drops AD Duty Recommendations for Flat Stainless Steel

Indian government has decided not to impose anti-dumping duty on imports of flat rolled products of stainless steel from from China PR, Korea RP, European Union, Japan, Taiwan, Indonesia, USA, Thailand, South Africa, UAE, Hong Kong, Singapore, Mexico, Vietnam and Malaysia. The commerce ministry’s investigation arm Directorate General of Trade Remedies in December 2020 had recommended imposition of the duty for five years on the product after concluding in a probe that domestic industry is impacted due to dumping of the goods from these countries. The Directorate General of Trade Remedies had suggested the duty in the range of USD 67 per tonne to USD 944 per tonne.

South Korea – USD 67-370 per tonne

Japan – USD 116-374 per tonne

EU – USD 592-944 per tonne, Nil for Outokumpu

Malaysia – USD 234-474 per tonne

China – USD 454 per tonne

Taiwan – USD 336 per tonne

Indonesia – USD 167-441 per tonne

DGTR had opened probe on apllicaion from Indian Stainless Steel Development Association, Jindal Stainless Limited, Jindal Stainless (Hisar) Limited and Jindal Stainless Steelway Limited

The product under consideration was Flat Rolled Products or Stainless Steel excluding the following

1. Hot rolled stainless steel of 304 grade and width upto 1650mm (with permissible tolerances) from China PR, Malaysia and Korea RP, wherein antidumping duty was recommended vide notification no 14/30/2013-DGAD, dated 9th March, 2015 and imposed vide customs notification no. 28/2015-Customs (ADD) dated 5th June, 2015

2. Cold rolled stainless steel flats of 600 mm and above from China PR, Korea RP, EU, USA, Taiwan, Thailand, South Africa, except cold rolled stainless steel of more than 1250 mm having bonafide use wherein anti-dumping duty was recommended and imposed vide customs notification no. 14/2010-Customs, dated 20th February, 2010

3. Blade Steel, also commercially known as razor blade grade steel used in production of razor.

4. Coin blank falling under 73269099 HS Code used in production of monetary coins.

5. Flat Rolled Products of Stainless Steel of width more than 1650 MM having bonafide use as more than 1650 MM.

6. Flat Rolled Products of Stainless Steel of thickness greater than 80 MM.

7. Flat Rolled Products of Stainless Steel of grades'types JFE20-5USR, JFE18-3USR NASJ35X (N08020), & NAS.800 (N08810 N08811), N10276, N06022, N06625, N08825, N06601 and N06600

8. Product supplied under Indian Patent No. 223848 in respect of goods comprising Low Nickel containing Chromium-Nickel Manganese-Copper Austenitic Stainless steel and representing Grades YU 1 and YU 4, produced and supplied by Yieh United Steel Corp (Yusco) of Chinese Taipei (Taiwan).

9. Grade S-Star, S-Star A and G Star, (b) DSN-9 and (c) K.-SF24 grade exported from Daido Steel Co. Ltd.

10. Nickel-based alloys grades such as N10276. N06022, N06625, N08825, N06601 and N06600.

Source - Strategic Research Institute

voda 16 juli 2021 08:15

0

Association Denies Steel Price Agreement with Brazil Government

After Brazilian Economy Minister Mr Paulo Guedes announced that Brazilian steelmakers had pledged not to raise steel prices until the end of the year, Brazil’s Steel Association Aço Brasil denied that the sector has made agreements in this regard, even if informally. Aço Brasil's president Mr Marco Pollo de Mello Lopes in an interview with Valor Econômico newspaper said July 15 that “Mr Guedes suggested a price lock due to fear of inflationary pressures and complaints from the civil construction sector. Due to compliance, competition and trade policies specific to each company, we could not sign this commitment. During the meetings with the minister it was mentioned that rising raw materials costs such as iron ore, scrap and met coal were the reason for the adjustments in steel prices in Brazil and in the world but have now showed some signs of stabilization. Steel supply in Brazil has balanced, with higher availability from local mills and a strong increase in imports. Brazilian steelmakers are operating near 75% of installed capacity and reducing exports.”

Valor Econômico newspaper report quoted Mr Guedes as saying that he was trying to reduce the imports tariff over certain undisclosed steel products to help several industry segments in Brazil. The minister said he would like to make this cut tomorrow but that some Mercosur ties would delay what he considered ideal, which would be a generalized drop in tariffs in the country, not just for steel. He added “An attempt to reduce the tariff from 12% to 10.8% for steel was blocked by Argentina.”

Year to date the Brazilian domestic rebar price has risen 37% and has increased 154% in the past 12 months

Companies associated with the Instituto Aço Brasil include

1. Aco Verde do Brasil

2. Aperam

3. ArcelorMittal

4. CSP

5. Gerdau

6. Sinobras

7. Ternium

8. Usiminas

9. Vallourec

10. Villares Metals

Source - Strategic Research Institute

voda 20 juli 2021 08:21

0

Tata Steel Mining & Jindal Stainless to Mine Chrome Ore at Sukinda

Tata Steel Mining Limited and Jindal Stainless Limited have signed a MoU to jointly unearth the chrome ore locked up in the boundary between their mines located in Sukinda of Jajpur district in Odisha. This would help conservation of chromite ore which otherwise would have been left unmined forever. This unique partnership sets an example for Sustainable Chrome Ore Mining in an innovative manner. Both the companies would now initiate steps to get necessary statutory approvals from concerned authorities before jointly starting mining operations.

Tata Steel Mining Managing Director Mr MC Thomas said, "I am very happy to commence this project today with JSL who has been a valued customer and partner. We are committed to sustainable mining and such a joint initiative will set examples for organizations especially in the mining industry to collaborate in the larger interest of mineral conservation and sustainability. These will redefine the way mining is done through technology, mineral conservation and safety".

Jindal Stainless Limited Managing Director Mr Abhyuday Jindal said "This is a very unique collaboration where JSL & TSML will derive maximum value from a joint mining effort. This effort will enhance the availability of ore in the region without any adverse environmental impact, as it's an already explored area. The move will also benefit local economy. As responsible institutions, we are committed to sustainable mining activity in the region."

Source - Strategic Research Institute

Bijlage:

voda 27 juli 2021 10:24

0

Jindal Stainless Limited Announces Mega Expansion Plans

The Board of Directors of Jindal Stainless Limited have approved a brownfield expansion plan for JSL to leverage ready availability of world class infrastructure in Jajpur, such as land, roads, railways, utilities etc. The estimated capex of this brownfield expansion is INR 2,150 crore, which is less than one-third of greenfield capex cost for the corresponding enhancement. JSL Managing Director Mr Abhyuday Jindal said “Our plan for the near future is unleashed today; we , are going to double our melt capacity in the next 18 months. The expansion will strengthen our ability to serve domestic and international customers across different market segments. With the post pandemic recovery, rigorous internal efficiencies, ongoing merger, and slated expansion plan JSL is geared to maximise the value for all its stakeholders.''

The three-pronged expansion plan constitutes expansion of melting capacity, and commensurate strengthening of backward and forward linkages

Melting Capacity: Expansion of steel melting capacity from existing 1.10 million tonnes per annum to 2.10 million tonnes per annum at an estimated capex of INR 530 crore. Estimated completion by Q3 of FY23.

Downstream enhancement: Commissioning Combo Line for downstream expansion. 1.5x expansion of Hot Rolled Annealed Pickled capacity and 1.7x expansion of Cold Rolled Annealed Pickled capacity. HRAP and CRAP capacities to be enhanced from 0.8 million tonnes per annum and 0.45 million tonnes per annum to 1.25 million tonnes per annum and 0.75 million tonnes per annum respectively at an estimated capex of INR 1,250 crore. Estimated completion by Q4 of FY23.

Backward integration: 1.4x expansion of Ferro chrome capacity from 0.25 million tonnes per annum to 0.35 million tonnes per annum to scale up backward integration and cost efficiency at an estimated capex of INR 315 crore. Estimated completion by Q3 of FY24

Remaining capex will be expended on enhancing quality assurance for new generation grades in high-end segments, balancing of units, and other necessary improvement activities.

Source - Strategic Research Institute

voda 27 juli 2021 10:31

0

Jindal Stainless Reports Strong Results in Q1 of 2021-22

Indian stainless steel maker Jindal Stainless Limited has announced financial results for April-June 2021 quarter and said that its sales volume surged by 168% YoY to 237,852 tonnes. The company increased its share of export sales to cover the temporary challenges in domestic market during the Covid restrictions & localized lockdowns in Q1FY22. The domestic-export share of sales volumes during the quarter, on a YoY basis, was

Domestic - 67%

Export - 33%

Q1 Standalone performance:

Revenue at INR 3,841 crore, up by 204% YoY

EBITDA at INR 580 crore, up by 647% YoY

PAT recorded at INR 271 crore (vs loss of INR 87 crore in Q1FY21)

Q1 Consolidated performance:

Revenue stood at INR 4,033 crore, up by 193% YoY

EBITDA at INR 601 crore; up by 839% YoY

PAT at INR 306 crore

JSL said “Q1of FY22 witnessed further increase in raw material prices and freight cost globally. Ferro chrome and nickel prices continuously rose globally. Stainless steel demand in Q1FY22 was impacted by state-wise lockdowns due to second COVID wave. Demand in key segments like auto, pipe & tube segment, railways and special grades started to stabilize towards the end of the quarter. Outlook for stainless steel demand remains robust on the back of faster vaccination drive, improvement in availability of liquidity and overall economic recovery spurred by improved business sentiments and infrastructure stimulus by government.”

Source - Strategic Research Institute

voda 30 juli 2021 08:16

0

Primetals to Extend Jindal Stainless Converter Meltshop at Jajpur

Primetals Technologies has received an order from Indian steelmaker Jindal Stainless Ltd to extend the company’s meltshop in Jajpur, Odisha with a new production line. This will more than double JSL’s production capacity at the Jaipur production site to approximately 2.2 million tonnes per year. The order comprises a new AOD converter, a new ladle furnace, a new continuous casting machine and related dedusting facilities. The AOD production automation system delivers constant fast and low-cost production. Start-up is expected by the end of 2022.

Primetals Technologies will supply the 150 tonne AOD plant with top blowing lance, an exchangeable converter with Vaicon Quick suspension, a tilting drive with damper system and a gas mixing station. Primetals Technologies Vaicon Damper leads to a more stable AOD production with reduced vibrations and extended tilting drive service life. The material handling system will be adapted. The basic automation system as well as the level 2 process optimization is also included. In 2019, Primetals Technologies already had installed successfully level 2 automation system for the existing AOD #1.

The 150-tonne ladle furnace to be supplied by Primetals Technologies features a water-cooled roof and the well proven Melt Expert electrode control system. The scope of supply also includes the high-current system and the current conducting arms.

The single-strand continuous slab caster is designed to produce slabs in a width range of 850 to 1,680 millimeters at thicknesses of 160 to 220 millimeters. The metallurgical length amounts to 25.65 meters. It will process ferritic and austenitic stainless 300 and stainless 400 series steels as well as Duplex stainless grades. The caster is equipped with latest state of the art technology, including LevCon mold level control, DynaFlex mold oscillation, Mold Expert breakout prevention and DynaPhase phase transformation modelling for maximum possible slab quality. Latest design DynaGap Soft Reduction 3D in all segments, Dynacs 3D spray cooling, and Quality Expert for on-line slab quality assessment are also provided.

Jindal Stainless Ltd was founded in 1970 by Mr OP Jindal and is the largest stainless-steel producers in India. The company is one of the world's top ten stainless steel conglomerates. The Jindal Stainless Group has an actual annual crude steel capacity of 1.9 million tonnes.

Source - Strategic Research InstitutePrimetals to Extend Jindal Stainless Converter Meltshop at Jajpur

voda 16 augustus 2021 08:16

0

Yaoyi Stainless Invests in Bright Annealing Furnace Line

China’s Southeast Coast based Yaoyi Stainless Steel has spent more than USD 150,000 to renovate the Bright Annealing Furnace line, which greatly improved the elongation, surface and mechanical properties of cold-rolled stainless steel coils.

With 25 years of experience in the producing cold rolled stainless steel coils, Yaoyi mainly produces cold-rolled stainless steel strips such as 201, 301, 304, 304L, and 316. Among the 200, 300, and 400 series of stainless steels, 301 is the steel that is most likely to be strengthened by cold deformation, and has excellent rust resistance under atmospheric conditions, so it is suitable for applications that bear higher loads, light weight, and do not rust. In addition, 301 is prone to work hardening when impacted by an external force, thereby absorbing more impact energy and providing higher safety guarantee for the equipment and production personnel.

Cold-Rolled 301 Stainless Steel Coils

12Cr17Ni7

Thickness 0.02 mm – 3.0 mm

Width 3mm – 1250 mm

Hardness 180 – 600

Finish 2B / BA/ HL, etc

Tensile =520 sb (MPa)

Elongation =40 d5 (%)

Chemical Composition

C:=0.15 , Si :=1.0 , Mn :=2.0 , Cr :16.0~18.0 ,Ni :6.0-8.0, S :=0.03 , P :=0.045

The raw materials are purchased from BAO STEEL, TISCO or a company designated by the customer.

Source - Strategic Research Institute

voda 16 augustus 2021 09:22

0

Russian Quintessential, Suspended Pipe House Designed

Design Boom reported that designer Mr Sergey Kuznetsov has teamed up with KROST to design Russian Quintessential, a suspended pipe-like residential project that reflects the surrounding landscape. The stainless steel-clad pavilion was opened at the Archstoyanie Festival, held in the art park Nikola-Lenivets in Kaluga Region. The project takes shape as a full-fledged residential building with all modern conveniences where one can live inside, cook, shower, and sleep. Russian quintessential: suspended pipe-like house reflects the surrounding landscapeall images

One of the main features of the project, designed by sergey kuznetsov in collaboration with KROST, is the seamless cladding made of a 4 mm stainless steel sheet. Underneath there is a system for diverting the drum sound of rain. Meanwhile, the interior is finished in a modern style using wood and metal, and the room is equipped with everything necessary for a comfortable stay. This project is an example of modern architecture which combines high-quality materials and technologies, with extraordinary solutions. Russian Quintessential: suspended pipe-like house reflects the surrounding landscape

The pipe-shaped structure has a diameter of 3.5 meters and a length of twelve meters. it is placed on the sloped terrain, due to which the structure is literally ‘hanging in the air. To create it, complex engineering techniques were used that are usually used in shipbuilding. For example, the frame of the building is formed from supporting ribs like a body of a ship, and an impressive weight of about twelve tons is kept in balance by only six bolts.

Tthe basis of the metal frame is made up of transverse frames – load-bearing ribs installed at a pitch of 500 mm relative to each other and connected by means of stringers (horizontal guides). Due to the polyurethane foam insulation inside the pavilion, a comfortable temperature regime will be maintained throughout the year.

Source - Strategic Research Institute

Bijlage:

Eye Catcher 16 augustus 2021 17:38

0

quote:
voda schreef op 16 augustus 2021 09:22:
Russian Quintessential, Suspended Pipe House Designed

Design Boom reported that designer Mr Sergey Kuznetsov has teamed up with KROST to design Russian Quintessential, a suspended pipe-like residential project that reflects the surrounding landscape. The stainless steel-clad pavilion was opened at the Archstoyanie Festival, held in the art park Nikola-Lenivets in Kaluga Region. The project takes shape as a full-fledged residential building with all modern conveniences where one can live inside, cook, shower, and sleep. Russian quintessential: suspended pipe-like house reflects the surrounding landscapeall images

One of the main features of the project, designed by sergey kuznetsov in collaboration with KROST, is the seamless cladding made of a 4 mm stainless steel sheet. Underneath there is a system for diverting the drum sound of rain. Meanwhile, the interior is finished in a modern style using wood and metal, and the room is equipped with everything necessary for a comfortable stay. This project is an example of modern architecture which combines high-quality materials and technologies, with extraordinary solutions. Russian Quintessential: suspended pipe-like house reflects the surrounding landscape

The pipe-shaped structure has a diameter of 3.5 meters and a length of twelve meters. it is placed on the sloped terrain, due to which the structure is literally ‘hanging in the air. To create it, complex engineering techniques were used that are usually used in shipbuilding. For example, the frame of the building is formed from supporting ribs like a body of a ship, and an impressive weight of about twelve tons is kept in balance by only six bolts.

Tthe basis of the metal frame is made up of transverse frames – load-bearing ribs installed at a pitch of 500 mm relative to each other and connected by means of stringers (horizontal guides). Due to the polyurethane foam insulation inside the pavilion, a comfortable temperature regime will be maintained throughout the year.

Source - Strategic Research Institute

Thanks Voda voor de info, maar ook hier ben ik actief. Zit hier ook hoogstwaarschijnlijk ietsjes langere termijn in, alhoewel als de koers goed gaat dan stap ik hier ook uit. Heb ze nog voor 47, 21 euro dus......

voda 17 augustus 2021 13:09

0

Delong starts Liyang stainless project installation
1 Views

The equipment installation project for the 2,680mm stainless steel hot-rolling project of Liyang Delong Metal Technology started last week. Shanghai MCC20 is in charge of construction.

Liyang Delong plans to realise a total capacity of 6 million tonnes/year of stainless hot-rolled coil, Kallanish notes. In addition to the 6mt production line, the company has also built a 3m t/y stainless steel slab caster, a 1m t/y stainless steel hot strip mill and a 3,500mm thick plate production line.

The project's high-end stainless steel products in 300 series can replace imports for the domestic nuclear industry, chemical industry, and marine industry, according to Delong.

At present, Taiyuan Iron & Steel (Tisco) is the only company that has the ability to produce stainless HRC in widths of 1,800mm and 2,000mm. Apart from Delong, Tsingshan also plans to produce wide stainless steel through building a new 2,250mm rolling mill in Yangjiang.

By Kallanish Team

voda 19 augustus 2021 12:36

0

Tengkai to trial stainless project in October
1 Views

Suzhou Tengkai Metal Materials Co. (Tengkai) could carry out trial production of its stainless steel project at the end of October, which is two months later than its previously announced plan, according to the local Xiangshui government, Kallanish notes.

The project in Xiangshui County has a combined capacity of 300,000 tonnes/year of high-speed stainless steel wire rod and 700,000 t/y of stainless steel bar (see Kallanish passim). Total investment will exceed CNY 10 billion ($1.54 billion).

The project is regarded as a key project of the municipal stainless industrial park, and so construction has now switched to 24/7 mode to prevent any further delays, the local government adds.

By Kallanish Team

voda 23 augustus 2021 12:20

0

China's nickel imports increase despite detained ships
1 Views

China's nickel ore and ferronickel imports saw an increase in July, but some ships carrying ferronickel were stranded in Chinese ports.

Kallanish notes from Customs data that China's nickel ore imports in July increased by 7.21% month-on-month to 5.19 million tonnes, an increase of 6.17% over the same period last year. In the first seven months of this year, China's total imports of nickel ore increased by 24.98% year-on-year to 21.67mt. Supply from the Philippines accounted for 90.23% of total imports in the seven months, an increase of 49.35% over the same period last year.

Meanwhile, imports of ferronickel were up by 2.98% on-month and 5.25% on-year to 281,100t. This led total imports so far this year to increase by 17.4% to 2.14mt, including 1.8mt of ferronickel from Indonesia.

Under the influence of Covid-19, some ships arriving have been forced to moor off Chinese ports because their crew members tested positive. Last week, a cargo ship carrying 10,000 tonnes of high-nickel pig iron from Indonesia berthed in Lianyungang port in Jiangsu, and is now under quarantine, resulting in tight supply expectations. Another nickel ore carrying ship has also been held at Guangxi Tieshan port.

By Kallanish Team

voda 25 augustus 2021 11:16

0

NICKEL: Stainless set to lose nickel dominance to EVs
142 Views

Stainless steel is set to lose its position as the primary driver of global nickel pricing, concludes a report by Bank of America.

Nickel is currently at a multi-year high, the bank says - or $18,895/tonne, according to the London Metal Exchange. Concurrently, global stainless output hit a record in the third quarter of 2020 “...and has continued to post a series of highs since,” the report states.

However, while stainless currently enjoys a 70% chunk of the nickel market, that position is being challenged by the growth of the electric vehicle industry, Kallanish understands.

“While the rebound of stainless production has been key to the nickel market in recent months, electric vehicles (EVs) are set to become the key demand driver in the coming years,” Bank of America says. “Indeed, sales of electric vehicles should increase gradually, reaching a penetration rate of 51% by 2030E. Given the current battery technology, implications for consumption are relatively straightforward, with offtake expected to be increasing to just under 1.8 million t by 2030, compared to around 200,000 t this year.”

Much of that added nickel is likely to come from Indonesia, the bank adds.

“Reduced consumption of Class 1 nickel by the stainless steel mills may make more nickel units available to car manufacturers; rising scrap usage is one way this could be facilitated,” it says. “That said, ultimately, miners will need to produce more Class 1 and perhaps less Class 2 nickel to make sure the metal will not turn into a constraint to the EV industry. Indonesia, with its resources, will likely remain key to accomplishing that.”

Dan Hilliard USA

voda 25 augustus 2021 11:36

0

Yongjin posts surging profits, smooth project progress
1 Views

Supported by new capacity under operation and higher market prices, Zhejiang Yongjin Metal Technology Co. delivered surging profits in the first half of this year. The progress of projects during the reporting period was in line with its schedule announced at the end of last year, Kallanish notes.

The company made a net profit of CNY 284.6 million ($43.9m) in H1, on an operating income of CNY 14.13 billion. These two figures were up 81.67% and 78.34% year-on-year respectively.

Half-year production of 300 series and 400 series cold rolled stainless flats came to 906,429 tonnes and 144,879t respectively. The company meanwhile sold 904,501t and 140,351t of these two products, at average prices of CNY 14,075/t and CNY 9,027/t.

All the equipment for Jiangsu Yongjin’s ultra-thin stainless steel strip project, except for some imported facilities, and the first line of Zhejiang Yongjin’s cold rolled stainless steel project have started production. Equipment installation of Guangdong Yongjin and its planned Vietnamese plant is expcted to begin soon in H2 this year. The company's precision stainless strip project in Thailand, which was planned to be constructed in the fourth quarter, is still in the process of planning, environmental protection approval, and land acquisition.

Jiangsu Yinyang Stainless Steel Pipe’s 100,000 tonnes/year stainless steel pipe project is currently under construction, and the company expects to see first production at the end of this year. Yongjin controls 51% of the company through an equity purchase worth CNY 103.8m in March.

By Kallanish Team

voda 26 augustus 2021 06:59

0

NICKEL, COPPER: Fortescue, Tsingshan may pump over $40 billion into Indonesia: minister
166 Views

Indonesia is set to attract at least $40 billion in investments in an industrial estate for metal smelting near the planned Kayan hydropower plant on Borneo island, its government said.

The project in North Kalimantan was first announced by Indonesia’s coordinating minister for maritime affairs and investment Luhut Pandjaitain in March. This week, the official said a presentation that Australia’s Fortescue and China’s Tsingshan could invest $12 billion and $30 billion, respectively, to smelt iron ore, nickel and copper.

As much as $100 billion could be invested in Borneo, with investment including the dam and set to be completed in 10 years, the minister said. Groundbreaking on the project is slated for October, Kallanish understands.

The smelting plant could be commissioned as early as 2023, and would support Indonesia’s efforts to make the country an EV battery hub, using its abundant nickel reserves.

Tsingshan is expanding its nickel production capacity in Indonesia to meet demand from the battery sector. It can now produce battery-grade nickel matte from nickel pig iron, expanding its market reach from the traditional stainless steel sector.

Fortescue Future Industries (FFI) is currently conducting studies on potential projects in Kalimantan, although the company hasn’t confirmed any investment figures.

Gabriela Farhangi UK

voda 26 augustus 2021 17:06

0

Russia expects stainless prices to increase: USSA
1 Views

Russian stainless steel imports increased in January-July and the main supplier was again China, says national special steel association USSA. Russian stainless intake was up 5.4% on-year to 241,520 tonnes, Kallanish notes.

In monetary terms, Russian companies paid over $621 million for the import of foreign stainless products, which is a record, USSA observes.

However, in July alone Russian stainless intake decreased by 18.5% compared to June to 34,700t.

Imports of stainless cold rolled flat products decreased 30.9% on-month, but seamless pipes intake increased by 13.5%.

Russia increased imports of stainless steel in 2020 to 383,200t, up by 3.8% on-year.

The leading manufacturers of imported stainless products in June were again based in China, whose share in the total volume was 45.6%. India’s share was 13.4%, followed by Indonesia with 6%, Taiwan with 5.8% and Ukraine with 3%.

However, China announced that some steel products will see their export tax rebates cancelled from 1 May, which will lead to export price increases (see Kallanish passim).

According to experts, traders are afraid that the imposed restriction on steelmaking by China will affect the stainless steel market and are trying to replenish their stocks, the association observes.

“Rising prices in the foreign markets and problems with the formation of orders for the imported stainless steel limits the supply for domestic customers,” USSA says. “An increase in the key rate and a further increase in prices in the foreign market will contribute to the growth of prices in the Russian market.”

Production at Russia’s Krasny Oktyabr (Red October) decreased in July compared with the previous month (see Kallanish passim). It amounted to 16,691t of stainless steel, down by 24.8% on-month. In June, production was 24,900t of stainless steel.

Svetoslav Abrossimov Bulgaria

voda 26 augustus 2021 17:10

0

Stainless, batteries to compete for same pricey nickel
1 Views

London Metal Exchange nickel prices look to close out August roughly equal to where they began.

Behind the scenes, however, major shifts are taking place in the industry as stainless steel’s volume dominance is challenged by the rise of electric vehicles.

The LME puts cash nickel at $19,225/tonne as of 25 August, down slightly from the month’s opening price of about $19,324/t.

Both are up mightily from the New Year price of $17,344/t as well as the yearly price trough, which was reached in the March-April timeframe and kept prices bouncing around the $16,000/t mark.

The high for the year occurred in late February at $19,689/t.

The multi-year high currently enjoyed by nickel is a product of several disparate factors, including returning stainless steel production, according to a recent Bank of America report (see Kallanish passim).

The growing importance of electric vehicles, however, is difficult to ignore - particularly as newer battery formulations eschew cobalt and its problematic human rights record. At least one major EV producer - Tesla - has produced nearly all-nickel battery chemistries to sidestep the cobalt issue.

Tesla’s battery chemistry evolution will take three forms, roughly equal to three performance/pricing levels. High iron batteries occupy the lowest run, with nickel-manganese in the middle and high nickel versions atop.

While the company has hinted that it might gradually increase the importance of its iron line, nickel supply remains paramount.

At Tesla’s Battery Day Event last year, senior vice president for powertrain and energy engineering Drew Baglino said that battery costs are 35% production and 65% metal. Of that, nickel makes up 35% of the cost, with lithium occupying 25% and cobalt 5%.

Simpler nickel formulations, such as matte, can now be utilised in battery production - effectively merging the battery and stainless nickel supply chains.

“We can eliminate billions in battery-grade nickel intermediate production...and we can also use that same process to directly consume nickel powder from recycling EV and electric grid batteries,” Baglino says.

Dan Hilliard USA

Vertraagd	26 apr 2024 13:39
Koers	27,920
Verschil	+0,560 (+2,05%)
Hoog	27,940
Laag	27,580
Volume	45.020
Volume gemiddeld	191.604
Volume gisteren	130.573

17 apr	Media: Biden wil heffing op Chinees s...
09 apr	World Steel Organisation ziet vraag n...
08 apr	Deutsche Bank verlaagt koersdoel Aper...
22 mrt	Mondiale staalproductie in de lift
27 feb	Aperam herhaalt doelstelling	2
12 feb	Beursblik: Deutsche Bank verlaagt koe...
09 feb	AEX sluit turbulente beursweek op hoo...	2
09 feb	Beursblik: zwak kwartaal Aperam	1
09 feb	AEX neemt waarschijnlijk adempauze en...	4
09 feb	Update: Aperam presteert iets beter d...

Aperam « Terug naar discussie overzicht

Diverse nieuws items

Meedoen aan de discussie?

Direct naar Forum

Detail

Aperam nieuws meer