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voda 28 december 2016 14:35

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Demonetization impact is temporary - Tata Steel MD

PTI reported that Tata Steel MD (India and South East Asia) Mr TV Narendran said that despite the impact of demonetization, production at its Jamshedpur and Kalinganagar plants have been going on as usual.

He told “There is an impact of demonetization on the performance of the company, but the impact is temporary.”

Mr Narendran also said that despite the impact of notes ban, production at Jamshedpur and Kalinganagar plants was going on as usual.

Hailing the demonetization decision, he said the impact of it was temporary and the situation is improving. Asked about the impact of demonetization on cash-based rural market, he said efforts are on to address the problem.

Source : PTI

voda 28 december 2016 14:37

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Indonesia starts anti-dumping probe on color coated steel from Vietnam

Vietnam News reported that Indonesian Anti-Dumping Committee (KADI) has initiated an anti-dumping investigation of relevant colour-coated steel sheet imports from China and Vi?t Nam.

This was revealed by the Vi?t Nam Competition Authority (VCA) under the Ministry of Industry and Trade. VCA said the investigation could be implemented for 12 months and extended to 18 months if required.

The decision was made following the complaint by PT NS BlueScope Indonesia alleging that repeated illegal trade practices have devastated production and employment and are causing irreparable harm to the Indonesian steel industry. The colour-coated steel being investigated have HS codes of 7210.70.10.00, 7212.40.10.00 and 7212.40.20.00.

KADI said from July 2015 to June 2016, Indonesia imported 224,120 tonnes of colour-coated steel, of which, imports from Vi?t Nam and China were 196,191 tonnes, accounting for 87.5 per cent of the country’s total steel imports.

VCA said Vietnamese colour-coated steel has been also under investigation by Thailand following the complaint of the NS BlueScope Company. The product can be levied anti-dumping taxes of 4.51 to 60.26 per cent in Thailand.

Source : Vietnam News

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voda 28 december 2016 14:40

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Zimbabwe government to trim Zisco bidders in January

Herald reported that Zimbabwe government expects to come up with a short-list of potential investors to take over Zimbabwe's largest steel maker, Zimbabwe Iron and Steel Company, by end of next month.Ziscosteel, once one of Africa's largest steel works, has been not been operational since 2008 following viability challenges and mounting debts, had seemingly received a new lease of life when an Indian investor Essar Africa Holdings struck an agreement with Government in 2010 to take over Zisco, but the USD 750 million deal collapsed due to various reasons.

Some of the reasons include the haggling during the inclusive government which led to delays in the implementation of the deal. And while the haggling raged on commodity prices, which were firm at the time the deal was consummated, were falling.

Also, the condition that Essar was suppose to take over Zisco's debt remained a sticking issue between the parties. As a result, Essar pulled the plug arguing that commodity prices had fallen and therefore the Zisco investment was no longer as lucrative. But Government has since removed the conditions that caused the Essar deal to fail to take off, Industry and Commerce Minister Mike Bimha said last week.

As such, interest in the steel company has increased now that Government announced willingness to clean up its balance sheet. Minister Chinamasa said Government will take over its debt while commodity prices are firming up.

Minister Bimha said that "We are very positive that we will resuscitate Zisco sooner rather than later. I am happy to report that now the prices are firming and it's encouraging therefore we do have a lot of investors interested. At the moment we have a number of investors looking at our bids and we believe that we should be able, at the end of January to make a short-list of the investors.”

However, Government is not coming up with the same prospectus as before as there are a number of areas that have been changed.

Source : Herald

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voda 28 december 2016 14:41

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China ICBC inks debt for equity swaps with state coal and steel firms

Reuters reported that Industrial and Commercial Bank of China has signed three debt-for-equity swaps with Shanxi province's highly indebted state owned coal and steel firms.

China's biggest lender ICBC has agreed to invest in Taiyuan Iron & Steel (Group), Datong Coal Mine Group and Yangquan Coal Industry (Group) to swap their existing debt and reduce their corporate leverage, the bank said.

Heavy industries such as coal and steel have languished as China relies increasingly on higher-end technology and consumption for economic growth and seeks to shut underperforming mines and plants.

China's northern province of Shanxi is its biggest coal producing region. Shanxi produced 944.1 million tonnes of coal last year, amounting to 25.6 percent of the national total.

The total value of three debt-for-equity swaps was CNY 30 billion (USD 4.3 billion), which will cut the three firms' leverage by as much as 10 percent, state-run local media Shanxi Youth Finance said in a report released on its social media acChina ICBC inks debt for equity swaps with state coal and steel firmscount.

Source : Reuters

voda 28 december 2016 14:44

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Iran is moving to halt exports of raw minerals by March 2017

Financial Tribune reported that mining could play a pivotal role in all economies, whether directly or indirectly, by providing materials for other industrial sectors. The initiative was first introduced by the Iranian Parliament back in 2010 and included in the bill on the Fifth Five-Year Development Plan (2011-16). It set the target of ending the sale of raw minerals in the final year of the plan (which ended March 19, 2016). That target, however, is yet to be achieved, with officials now saying that it will be materialized in the next Iranian year (beginning March 21, 2017).

In July, Mr Mehdi Karbasian the head of Iranian Mines and Mining Industries Development and Renovation Organization, said the sale of copper and iron ore in raw form will be stopped in the first half of the next Iranian year, as domestic demand for iron ore is expected to increase with the inauguration of several processing plants in coming months.

The government said that iron ore, instead of being exported, will be consumed by steel-making plants as well as iron concentrate and pellet making factories. To encourage the export of these products, the government says export of processed minerals will be subject to tax exemption while duties will be imposed on raw iron ore export from March.

In Iran, the mining sector remains underdeveloped, despite the fact that the country is among the top 10 mineral rich states. Government control over mines, which leaves little role for the private sector, and exploration problems, coupled with lack of modern technology, are some of the reasons for the underdevelopment. Exports of minerals are mainly in the form of raw materials, which generate far less revenue than processed products. As such, the Iranian mining sector currently accounts for only slightly more than 1% of gross domestic product, even as officials believe that the sector can have a far greater share of the economy.

Source : Financial Tribune

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voda 29 december 2016 14:30

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El Marakby Steel eyes sales of USD 62 millionn by late 2016

Egyptian steel maker El Marakby for Steel Group plans to raise its sales volume by 30 percent to hit 1.2 billion Egyptian pounds (USD 61.8 million) during 2016, Chairman Hassan El Marakby stated.

Speaking to Amwal Al Ghad Tuesday, El-Marakby added that the group manufactured 240,000 tonnes of rebar and 180,000 tonnes of billet during 2016.

He clarified that sales of El-Marakby Group declined by 40 percent following government's decision to float the Egyptian pound, expecting steel prices to soar again within the upcoming period.

Source : Amwalalghad.com

voda 29 december 2016 14:31

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JSW EBITDA will be impacted by high raw material prices – Mr Seshagiri Rao

Mr Seshagiri Rao Jt MD, JSW Steel while speaking to CNBC-TV18 said that the company will see an impact due to higher coking coal prices in the coming quarter. Coking coal prices have more than doubled from August 2016. Domestic steel costs are at an 18 percent discount as compared to international prices He expects domestic steel prices to go up in the first quarter of calendar year 2017.

Sonia: We just heard from JSPL that domestic steel prices have gone up on an average by Rs 2,500-3,000 recently and that is also because raw material prices have gone up quite a bit. So I wanted to start by asking you what the average coking coal cost have been for you in this quarter compared to USD 100 that it was in the previous quarter?

A: It has been more than doubled if you look at the coking coal prices they started going up starting from August and September. The impact of which started coming in but the full impact of higher coking coal prices, which are peaked over USD 300 that impact also is yet to come in the next quarter. So partially it has come in this quarter. It is more than double related to last quarter.

Sonia: What impact would that have on your EBITDA per tonne in Q3 and Q4?

A: There will be definitely a squeeze on margins because the full impact of increase in cost could not be passed on fully in the market partially it has been done. Internationally, the prices went up quite substantially. That is why if I compare today, the landed cost of import of steel vis-a-vis the domestic prices that we have discount of almost close to 18 percent. Therefore, we are not able to pass it on fully in this quarter to reduce the pressure on margin.

Source : Money Control.com

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voda 29 december 2016 14:32

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NGO seeks CBI probe on contracts for NMDC steel project

Press Trust Of India reported that a PIL seeking a CBI probe into the award of contracts worth INR 14,000 crore relating to setting up of a major greenfield integrated steel plant in Chhattisgarh has been filed in Delhi High Court, alleging irregularities by top officials of a navaratna PSU.

The petition by an NGO has sought a probe into the award of the contracts by the National Mineral Development Corporation Ltd for an integrated steel project with an estimated capacity of three million tonne per annum, alleging irregularities by its top officials.

NGO petiton in Delhi HC seeks CBI probe on contracts for steel project in Chhattisgarh. The NGO's petition seeks a probe in the awarding of contract for Interplant Pipeline and Boosting Station at Nagarnar, in Chhattisgarh as well as other contracts related to this project.

A PIL seeking a CBI probe into the award of contracts worth INR 14,000 crore relating to setting up of a major greenfield integrated steel plant in Chhattisgarh has been filed in Delhi High Court, alleging irregularities by top officials of a navaratna PSU. The petition by an NGO has sought a probe into the award of the contracts by the National Mineral Development Corporation Ltd for an integrated steel project with an estimated capacity of three million tonne per annum, alleging irregularities by its top officials.

Source : Press Trust Of India

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voda 29 december 2016 14:33

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Steel sales in Indonesia expected to grow in 2017

Sales of steel in Indonesia are expected to grow 7% year on year to 15 million tonnes in 2017, from an estimated 14 million tonnes of steel sales this year. This growth is attributed to rising infrastructure development in Indonesia and the lower gas price (which is expected to be a reason for the nation's steel manufacturers to boost output).

Mr Purwono Widodo director for International Relations of the Indonesian Iron and Steel Association said that steel sales in Indonesia fell in 2015 but rebounded in 2016.

Over the past couple of years, the global steel industry has been plagued by aggressive dumping of imported steel products, mostly originating from China, the world's largest steelmaker and steel consumer (accounting for about 50 percent of total global demand). However, due to China's economic slowdown, steel demand fell rapidly hence leading to a major supply glut. As China started to export its excess steel reserves at very attractive prices, most steel millers in other countries including Indonesia became uncompetitive (resulting in widening losses, while operations at various manufacturers almost came to a complete standstill).

The steel price is expected to remain stable in 2017 (but with limited upside potential) as China had earlier signaled that it is committed to curtail domestic steel production through the consolidation of domestic steel groups. Upside potential is limited because of the structural oversupply in China. Measures taken by China's government are not enough to absorb this excess capacity and supply. In late 2015 and early-2016 the steel price touched distress levels. However, in recent months the price has rebounded to around USD 525 per tonne.

Purwono Widodo said the Indonesian government has showed its commitment to protect Indonesian steel by encouraging usage of domestically-produced steel in the government-led infrastructure projects. Although it is impossible to refuse steel imports (after all Indonesia's steel demand is higher than production capacity), the government is eager to combat unfair trading.

Source : Indonesia Investments

voda 29 december 2016 14:34

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Latin America imports from China 7.0 million tonnes of steel in 11M

Alacero announced that during the first 11 months of the year, the total exports of steel from China to the world -including finished (long steel, flat steel and seamless pipes) and steel-derivatives products (wire products and welded tubes) decreased 1% versus Jan/Nov 2015, reaching 98.6 million tons (Mt). Of this volume, 92.0 Mt were finished steel and 6.6 Mt were steel-derivatives products.

For its part, the region accounted for 7.1% of Chinese exports, reducing its participation in 1.5 percentage points versus January/November 2015 (8.6%), standing at third place as China’s preferred destination. China´s main destinations for steel exports are: South Korea (13.2 Mt, 13.4% of the global total) and Vietnam (10.8 Mt, 11.0% of the total).

Between January/November 2016, China shipped 7.0 Mt of steel to Latin America, which 6.3 Mt were finished steel and 720 thousand tons (Kt) were steel-derivatives products. This volume is 18% less than the 8.5 Mt (7.6 Mt of finished products and 917 Kt of steel-derivatives products) recorded in Jan/Nov 2015. The following chart shows that the total volume of Chinese steel received by the region in January/November 2016 decreased versus the high levels of 2015.

On the other hand, during Jan/Nov 2016 Latin America was the main global destination of steel-derivatives products from China with 720 Kt, 11.0% share of the total. The region is followed by the Philippines (348 Kt, 5.3% of the total) and United States (337 Kt, 5.1% of the total).

In November 2016, Latin America receive 735 Kt of steel from China, which 672 Kt were finished steel and 63 Kt were steel-derivatives products. This total is 29% higher than the one receive in October 2016 in which entered 570 Kt (509 Kt finished steel and 61 Kt of steel-derivatives products) and 22% higher with 603 Kt (551 Kt finished steel and 52 Kt of steel-derivatives products) on November 2015.

Finished steel imports from China by destination

The main destinations for Chinese steel (finished + steel-derivatives) in Latin American during Jan/Nov 2016 were Central America which received 1.7 Mt (24% of the region); Chile, 1.2 Mt (17%); and Peru, 895 Kt (13%).

In the first 11 months, the countries that increased their imports of Chinese steel (in percentage terms) versus Jan/Nov 2015 were Central America (+9%), Peru (+8%) and Costa Rica (+87%). Costa Rica, has increased its participation receiving 4% of the total Latin American flow.

On the other hand, the countries that have reduce their imports of Chinese steel products versus January/November 2015 were: Argentina (-58%), Venezuela (-56%), México (-52%), Dominican Republic (-37%), Ecuador (-28%) and Brasil (-25%). Currently they have shares of 1%, 3%, 7%, 2%, 5% and 12%, respectively.

Imports from China by products

50% of the steel (finished and steel-derivate products) imported by Latin America from China during Jan/Nov 2016 were flat products, reaching 3.5 Mt.
The most relevant products in terms of volume were:
> Other alloyed steel sheets and coils (1.0 Mt Kt, 29% share of flat steel imported from China)
> Hot dip galvanized sheet (865 Kt, 25%)
> Cold rolled coil (584 Kt, 16%)

Long steel: China exported to Latin America 2.5 Mt, mainly concentrated in:
> Bars (1.3 Mt, 54% share of long steels)
> Wire rod (874 Kt, 35%)

The region received 290 Kt of seamless pipes (4% of the total).

Meanwhile, steel-derivate products represent 10% of total imports of Chinese steel in the region, with a volume of 720 Kt, where:
> Welded tubes (540 Kt)
> Wire (180 Kt)

Source : Alacero

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voda 29 december 2016 14:35

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Dongkuk Steel heir booked over bar fight

Korea Times reported that Dongkuk Steel, one of Korea's top steel producers, is facing criticism after police booked company heir and board member Chang Sun-ik for allegedly causing trouble at a bar.

The incident allegedly happened on Monday in Hannam-dong, Seoul, while Chang was celebrating his birthday with friends. The ruckus allegedly broke out after Chang and a waiter scuffled over Chang's bill.

Chang, enraged and drunk, allegedly threw a cup into the display case, shattering five whiskey bottles, before responding police booked him without detention.

Initial media reports said the bar charged Chang 300,000 won ($248) for a cake, sparking the argument. But this turned out to be wrong.

On Wednesday, Chang wrote a sincere apology to the bar staff and his company, but this has done little to stem public criticism of the company's owner family.

Source : Korea Times

voda 29 december 2016 14:36

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Kobe Steel restarts No. 3 Blast Furnace at Kakogawa Works

Kobe Steel Ltd announced that it has restarted the No 3 Blast Furnace at Kakogawa Works in Hyogo Prefecture in western Japan. Refurbishment of the blast furnace began in September 2016 and was recently completed. A furnace lighting ceremony was held on-site on December 23 to restart the blast furnace.

The No. 3 Blast Furnace had been in operation since April 1996, the second time it had been fired up. After 20 years and five months, the longest operating lifespan for a large blast furnace in Japan, the No. 3 Blast Furnace was shut down on September 24.
This refurbishment was different from previous blast furnace renovations at Kakogawa Works. As the outer steel shell of the blast furnace continues to be used, only a short time of 90 days was required for refurbishing the blast furnace. Among the large blast furnaces in Japan, this is the first time a blast furnace that reuses the outer steel shell has been refurbished in such a short period of time.

In fiscal 2017 (April 2017-March 2018), Kobe Steel plans to shut down the blast furnace and other upstream facilities at Kobe Works and consolidate them at Kakogawa Works. After consolidation, Kakogawa Works will be Kobe Steel’s only source of iron.

The renovation of the No. 3 Blast Furnace not only included the renewal of aging equipment. Kobe Steel also installed an AI (artificial intelligence) system that utilizes information from various sensors in the furnace. These improvements will enable Kobe Steel to achieve a high level of stable operation and fulfill its supply responsibility, which will increase in the future.

In this refurbishment work, the outer steel shell of the No. 3 Blast Furnace continues to be used, but as the carbon bricks lining the bottom of the furnace were damaged, they were completely replaced. In addition, by installing an AI operation support system and expanding the use of high cooling-efficiency copper staves (a cooling system), Kobe Steel is able to maintain stable operation of the blast furnace. At the same time, improvements were made to the raw material charging system.

Cost reductions can be achieved by further increasing the use of low-cost raw materials with Kobe Steel’s world-class production technology that applies a high ratio of pulverized coal in blast furnace operation.

Outline of the No. 3 Blast Furnace
1. Furnace volume - 4,844 cubic meters
2. Capacity - 10,700 tons per day of molten pig iron
3. Refurbishment period - September to December 2016 (About 90 days)
4. Investment amount - About 20 billion yen

Source : Strategic Research Institute

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voda 29 december 2016 14:38

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There possibility of pacts with global leaders - SAIL Chairman

Indian steelmakers are progressively stepping up production of high strength lighter steel. In an interview, Steel Authority of India Ltd chairman Mr PK Singh tells Kunal Bose that any technology voids in making very high grade steel here could be filled by securing partnerships with world industry leaders.

Q - Future capacity expansion will create opportunities for steelmakers here to induct new generation technologies to make very high strength but lighter steel, as the likes of Nippon Steel and ArcelorMittal are already doing. Is that going to happen in India?

A - Yes, for sure. Some of us in the industry are progressively stepping up production of high strength lighter steel. The automobile industry, under pressure to improve fuel-efficiency of cars for these to conform to increasingly rigid emission standards, wants us to step up supply of what is called advanced high strength steel.

Q - Margins of Indian steelmakers remain under pressure. Their research & development is not geared to make technology breakthroughs. In the circumstances, one sure way of making very high-grade steel such as electric grade steel and fending off competition from aluminium and composites will be to seek tie-ups with world industry leaders. Will SAIL walk this route?

A - Yes, there is every possibility of our entering into strategic partnerships with global industry leaders who are to bring both advanced process technologies and finances on a case to case basis. The industry has already in the country some joint ventures between Indian and foreign companies (one example is Tata Steel and Nippon Steel JV) in the high technology steelmaking space.

Q - Is it not time the industry started arming itself with technologies that would allow iron making with ore fines and non-coking coal? Is this on SAIL radar?

A - The future will demand use of low-grade raw materials for production of good quality steel in the most economic way. The country is becoming increasingly dependent on coking coal import and we should be able to use the huge amount of ore fines ourselves that mines generate, instead of exporting. The challenge is to employ technologies which use low grade ingredients available here in abundance after their beneficiation.

The technologies I have in mind will dispense with sintering and pelletising of ore fines and coke-making. As a result, not only will we have reduction in production cost but steelmaking will be more environment- friendly.

Source : Business Standard

voda 29 december 2016 14:41

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Contracts of TMBP concluded at markups by over USD 120

In negotiations on loam plates (tin mill black plates) for shipments of the next quarter (January to March) by the Japanese mills, contracts begin to be concluded at first for the Asian region. The ranges of markups vary at USD 120 to USD 150. It is because they raised their prices much more for customers for the next quarter of which ranges of markups were smaller for this quarter.

China's Baoshan Iron & Steel has grappled with an increase in domestic prices of steel tinplates since the beginning of this year and raised them by 500 CNY (USD 73) for January shipment next year. The company cumulatively recovered its prices by nearly 2,500 CNY (USD 360). It is reported that although the domestic market prices of tinplates are rising, there are no aggressive movements at present for so called private tinplate mills to resume operations. A Japanese mill source is observing that a credit crunch and environmental restrictions are producing a large effect.

China's stable tinplate prices and a rise in prices of various steel products including hot-rolled steel coils due to soaring prices of raw materials have underpinned an increase in prices of loam plates. It's not as if demand for loam plates is particularly strong but tinplate mills in Asia understand a price hike of raw materials and have accepted markups.

However, besides Asia, markups for Latin America have not reached $100. Against a backdrop, there seems to be the fact that yearly contract prices of tinplates in the USA have been raised by within 10% from those for this year for shipments of the next year.

As negotiations on loam plates for the next quarter begin to be settled at increased prices by USD 120, the Japanese mills' prices are to be raised by $150 in total including markups of USD 30 to USD 50 for shipments of this quarter. For the time being, a price hike of coking coal by USD 200 is to be able to be passed on to product prices. However, all of negotiations on coking coal for the next quarter have not been settled yet but some mill concluded negotiations at $285, up $85 from this quarter. As their negotiations have started before rising again of coking coal prices, such cases are arising that it is difficult for them to reckon an additional increase in prices of coking coal. Prices of loam plates are predicted to be raised again for shipments of April-June.

Source : Tex Report

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voda 29 december 2016 14:42

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Russia’s Ferroalloy exports fall, imports rise in Oct

According Russia Customs Statistics showed in October 2016, Russia exported 61,948 tonnes of Ferroalloy, down by 10.8% compared with 69,426.9 tonnes last month. Russia imported 24,853.7 tonnes of Ferroalloy, increased by 29.7% compared with last month.

During the first ten months of this year, Russia exported 628,129.1 tonnes of Ferroalloy; Russia imported 251,011.4 tonnes of Ferroalloy according to the reported.

Source : Strategic Research Institute

voda 29 december 2016 14:42

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AISI update on raw steel production in US in Week 51

In the week ending on December 24, 2016, domestic raw steel production was 1,636,000 net tons while the capability utilization rate was 69 percent. Production was 1,485,000 net tons in the week ending December 24, 2015 while the capability utilization then was 62.1 percent. The current week production represents a 10.2 percent increase from the same period in the previous year. Production for the week ending December 24, 2016 is down 3.4 percent from the previous week ending December 17, 2016 when production was 1,694,000 net tons and the rate of capability utilization was 71.4 percent.

Adjusted year-to-date production through December 24, 2016 was 86,380,000 net tons, at a capability utilization rate of 70.8 percent. That is down 0.6 percent from the 86,935,000 net tons during the same period last year, when the capability utilization rate was 70.1 percent.

Broken down by districts, here's production for the week ending December 24, 2016 in thousands of net tons: North East: 204; Great Lakes: 652; Midwest: 168; Southern: 547 and Western: 65 for a total of 1636.

Source : AISI update on raw steel production in US in Week 51

voda 29 december 2016 14:49

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Miners dig their way to victory in a year full of surprises

Telegraph reported that after years of misery, the mining industry is closing 2016 in a far happier state than anyone imagined 12 months ago. A rally in commodity prices - particularly coal and iron ore, used in steelmaking - has transformed the fortunes of a sector that seemed at death’s door in 2015, with companies falling over themselves to slash dividends, cut spending, and sell off assets to raise cash.

The FTSE 350 Mining Index has climbed 95% this year its first year of gains since 2010 with Anglo American and Glencore staging remarkable turnarounds. Having propped up the bottom of the FTSE 100 last year, they have recorded share price jumps of 300pc and 200pc respectively.

Source : Telegraph

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voda 30 december 2016 11:45

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Ziscosteel lays off workers

Daily News reported Ziscosteel has retrenched its workers at its Redcliff plant in Kwekwe. Workers, who have gone for extended periods without salaries, said they had been served with a notice by the company indicating its retrenching almost all employees. The layoffs follow the collapse of a deal with India's Essar group.

Ziscosteel board chairman Nyasha Makuvise reportedly told the company's management the workers' committee and the workers union in a closed door meeting last week Tuesday that the retrenchments were to be effected from September 1.

The workers were officially handed notice of termination of employment letters backdated to August 31, 2016.

Essar won the bid to take over Ziscosteel against competitors, including ArcelorMittal and Jindal Steel. The deal faced headwinds over iron ore mineral rights that had been written in,.

Source : Daily News

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voda 30 december 2016 11:46

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US Steel Lone Star Tubular Electric-Weld Pipe Mill to close
Published on Fri, 30 Dec 2016

KLTV reported that US Steel plans to permanently close the Lone Star Tubular Operations, Electric-Weld Pipe Mill. According to US Steel spokesperson Erin DiPietro, on December 14, US Steel advised the United Steelworkers of the company's proposed intent to permanently close Lone Star Tubular Operations, Electric-Weld Pipe Mill in Lone Star, Texas as well as the Lorain Tubular Operations, Seamless Pipe Mill in Lorain, Ohio.

Both of these operating lines have been idled for an extended period of time (Lorain #4 since April 2015 and Lone Star #1 since March 2016). Our decision to propose the permanent closure of these two operating lines will not impact the status of any employees who have remained on layoff since the lines were idled. Employee counts for those who are still on layoff from previous idling of these two operating lines are as follows:

Lorain: 50 total (all union-represented employees)
Lone Star: 70 total (all union-represented employees)

DiPietro said that the two facilities manufactured tubular products primarily for the energy industry.

Market conditions will continue to determine the operating status of other tubular operations, including other parts of the Lone Star Tubular Operations, according to DiPietro.

Source : KLTV

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voda 30 december 2016 11:47

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NLMK Group to build new reheating furnace at NLMK Pennsylvania

NLMK Group, an international steel producer with operations in Russia, Europe and the USA, has signed an agreement for the purchase of the core process equipment for the construction of a new walking-beam reheating furnace to streamline the slab heating process at NLMK Pennsylvania (Farrell, PA, USA).

Source : Strategic Research Institute

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