DeBeurs.nl

voda 3 juni 2019 16:18

0

Tata Steel Completes Acquisition Of Bhushan Energy Limited

Tata Steel announced that it has completed the acquisition of debt-ridden Bhushan Energy Ltd. Tata Steel said in a BSE filing "We wish to inform you that Tata Steel BSL Ltd has successfully completed the acquisition of Bhushan Energy Limited in accordance with the Approved Resolution Plan under the Corporate Insolvency Resolution Process of the Insolvency and Bankruptcy Code, 2016. Tata Steel BSL Limited, an indirect subsidiary of Tata Steel, will carry out the acquisition of BEL by implementing the Resolution Plan approved by NCLT. Pursuant to the acquisition, the company holds 99.99 per cent of the total equity share capital of BEL.”

The announcement came after the National Company Law Tribunal approved the resolution plan of Tata Steel to acquire Bhushan Energy for around INR 800 crore.

Bhushan Energy was a subsidiary of Bhushan Steel Ltd, which was also taken over by Tata Steel last year in May and later renamed as Tata Steel BSL Ltd. Incorporated in 2005, Bhushan Energy is based in Dhenkanal, Odisha.

Source : Strategic Research Institute

voda 3 juni 2019 16:25

0

SAIL Plans New Steel Plant In Odisha

Express News Service reported that Steel Authority of India Limited is planning a second coast-based steel plant in Odisha at an estimated cost of over INR 15,000 crore as part of a larger plan to ramp up capacity to 50 million tonnes in two phases. SAIL chairman Mr Anil Kumar Chaudhary said “We have received a positive response from Odisha Chief Secretary and will send a team to scout for a plot near the coast. We have been planning a coast-based steel plant for some time.”

Mr Chaudhury said the production could initially be for 3 million tonnes, which could be ramped up to 6 million tonnes in time.

He said “Overall, we plan to raise our capacity to 50 million tonnes by 2030-31 in two phases. The first phase, which will be till 2025-26, will take our capacity to 35 million tonne.”

He added “We plan to make the capacity expansion viable by using a mix of internal accruals and borrowings in the ratio of 50:50.”

Source : Express News Service

voda 3 juni 2019 16:25

0

Latin America Crude Steel Production Grow But Rolled Steel Production Down - Alacero

Latin American steel association Alacero said that the climate for doing business in Latin America worsened between January and April, due to turbulence in the Brazilian economy, the largest in the region, according to the quarterly report of the Getúlio Vargas Foundation of Brazil and the Institute of Economic Research from Germany. Besides Brazil, another country that contributed to the worsening of the index was Mexico, while Colombia and Peru were the only countries that showed an improvement in the period. The Argentine trade balance showed a positive balance, although it should continue to be closely monitored. Most central banks have kept rates steady at recent meetings, reflecting contained inflation and reduced pressure for the normalization of the global monetary policy.

The steel market in the region from January to March 2019 showed a 3% drop in the consumption of rolled steel compared to the same period in 2018. The regional production of crude and rolled steel until April decreased by 5% and 9%, respectively, versus January to April of the previous year. Still, the ups and downs in production for the first four months point to an increase in consumption. From January to April, the cumulated production of crude and rolled steel was below that indicated in 2018. This year, there is a gradual increase and the expectations for the year are growing, even if the scenario is not as positive as 2018.

The region increased its imports by 17% between February and March 2019, identifying a 4% increase compared to January to March 2018. The participation of imports in regional consumption also increased this year: regional consumption is now supplied with 37% of these imports, in contrast to 35% in the period from January to March of 2018. The same accumulated growth was identified in the first two months (35% - 37%), confirming the dependence on the consumption of imported rolled steel, in the face of production falls. The deficit registered in January to March 2019 was 3.5 million tonne, with 342 thousand tonnes more than January to March of the previous year (3.1 million tonne).

Despite negative oscillations compared to the same accumulated period of 2018, due to changes in consumption and market uncertainties, crude steel production increased by 1% and rolled steel production fell by 4% in April, respectively, compared to March 2019.

Crude Steel - Latin America had a production of 5.2 million tonne of crude steel in April, 5.6% lower than in the same period of 2018 (5.5 million tonne). For the year 2019, 21 million tonne were produced, 5% less than Jan to April 2018 (21.9 million tonne). The same cumulative comparison for the first three months also showed a 5% decline, but a growth compared to the previous months shows a recovery in the market. In the year, Brazil is the main producer with 11.3 million tonne, representing 54% of the annual regional total.

Rolled Steel - The region produced 4.2 million tonne of rolled steel in April, 11% less than in the same period in 2018 (4.7 million tonne). It was produced16.7 million tonne in the year, representing a decrease of 9% compared to the first 4 months of 2018 (18.3 million tonne). The comparison accumulated in the previous report indicated a 7% drop. The main producers in the year are Brazil with 7.5 million tonne (45% of the Latin American total) and Mexico with 5.9 million tonne (35% of the region's total).

Imports - 2.1 million tonne of rolled steel were imported in March, 9% more than March 2018 (1.9 million tonne). In the period from January to March 2019, Latin America imported 5.9 million tonne of rolled steel, 4% more than in the same period of 2018 (5.6 million tonne). Of this total, 70% corresponds to flat products (4.1 million tonne), 27% to long products (1.6 million tonne) and 3% to seamless pipes (164 thousand tonnes). In March, imports of rolled products accounted 37% of the total region's consumption, the same percentage in the first quarter of 2019, which discourages local industry, trade tensions and jeopardizes employment sources.

Exports - 716 thousand tonnes of rolled products were exported in March, 4% less than in February 2019 (748 thousand tonnes) and 24% less than March 2018 (937 thousand tonnes). In the period from January to March, Latin American exports of rolled steel were 2.4 million tonne, 4% less than in the same period of last year (2.5 million tonne). Of this total, 48% correspond to long products (1.1 million tonne), 42% to flat products (1.0 million tonne) and 10% to seamless pipes (253 thousand tonnes).

Trade Deficit - The region recorded a trade deficit of 1.39 million tonne of rolled steel in March 2019. This imbalance is 41% higher than in March 2018 (0.99 million tonne) and 31% higher than in February 2019 (1.06 million tonne). Brazil is followed by Argentina in the positive trade balance of rolled products between January and March. The first with 666 thousand tonnes, and Argentina with a positive balance of 14 thousand tonnes. However, the Argentine positive balance should be taken with caution due to its low representation, needing to confirm in the coming performance for a more realistic projection.

Source : Strategic Research Institute

voda 3 juni 2019 16:26

0

Trump Trade War - Ivaco Welcome End Of Steel Tariffs

The United States government has ended tariffs on Canadian steel products, and that news has led to a positive reaction from Ivaco Rolling Mills in L’Orignal. The local steel mill manufactures billets and wire rods. In April, Ivaco permanently laid off 50 employees and eliminated the third shift at the plant, which now employs approximately 500 people. The tariffs made it more expensive for Canadian steel manufacturers to sell their products in the United States, which led to reduced demand and production in Canada.

A news release from Ivaco applauded the federal government’s negotiation efforts with the US government that led to the removal of the tariffs.

Ivaco Chief Financial Officer Mr Will Trower said that “On behalf of Ivaco Rolling Mills, we thank the Government of Canada for this significant achievement that will have a direct benefit on our customers, employees, suppliers and the community. Now that a deal has been reached, we look forward to getting back to work with our partners on the other side of the border and a return to the free trade that has defined the North American steel market for decades.”

Ivaco employees are members of the United Steelworkers Union and their local leadership welcomed the news of the tariffs being removed.

United Steelworkers Area Coordinator Richard Leblanc said that “These tariffs have had a significant impact on our members, and I am confident there is light at the end of the tunnel for all those affected.”

However, it is not clear if Ivaco is planning to recall the laid-off employees.

Source : The Review

voda 3 juni 2019 16:32

0

MMK Co Finances And Medium Sized Business Projects

Magnitogorsk Iron & Steel Works has started to co finance projects implemented by the residents of MMK-INDUSTRIAL PARK in order to support and enhance business development in Magnitogorsk. MMK's co-financing is provided on a competitive basis for the creation of new, or the expansion of existing, production. The share of co-financing amounts for up to 30% of the project amount but does not exceed RUB 15 million. Mr Pavel Shilyaev CEO of MMK commented that "Co-financing is an important incentive and a sign of trust for companies that have decided to organise or expand industrial production in the MMK-INDUSTRIAL PARK. Residents of the Industrial Park already use the regional support tools, there is a discounted rental price of only RUB 66 per square metre per month, which is twice as low as the average rental price in Magnitogorsk."

Teplo Pribor Express Analysis, a resident of the Industrial Park, launched production of disposable sensors for the analysis of temperature and chemical composition of liquid steel at the site in March 2017. It was the first enterprise to use this financial instrument for the expansion and localisation of its production. This product is now being bought by all the largest metallurgical enterprises in Russia.

The site of the MMK-Industrial Park is a ready-made property complex with a total area of 65 hectares, with all the engineering infrastructure, a developed railway network – all the conditions required for a quick start of almost any new production are created here. MMK-Industrial Park has been accredited by the Ministry of Industry and Trade, which enables investors to apply a tax and benefit system - zeroing the property tax rate and a 3.5% reduction in the regional component of the income tax rate.

Source : Strategic Research Institute

voda 3 juni 2019 16:32

0

MMK Wins Russian Union of Industrialists and Entrepreneurs Competition

Magnitogorsk Iron and Steel Works was among the winners at the Russian Business Leaders: Dynamics, Responsibility, Sustainability 2018 competition, held by the Russian Union of Industrialists and Entrepreneurs. For the second year in a row MMK was nominated in the category "Development of Human Resources". The award ceremony took place on 24 May in Moscow and coincided with the Day of Russian Entrepreneurship. It was attended by leaders from the Ministry of Industry, Ministry of Economic Development, Ministry of Labour, as well as various business associations.

MMK has already received numerous awards in nationwide and industry specific competitions, which have praised the high standards of personnel policy at MMK, one of the country's leading metallurgical companies. The basis of MMK Group's human resources policy is to employ people with a wide range of competencies and high professional qualifications. Every year the Company is joined by no less than 500 graduates from Magnitogorsk educational institutions. In order to develop the professional competencies of employees and the reserve of personnel, MMK Group provides continuous training in various training programmes. In 2018, 12,756 employees were provided with training at MMK, with the Company spending more than RUB 100 million on training. Among the main areas of personnel training are the Young Specialists School, the Corporate University and the CEO's School.

Managers of various levels, who pass the competitive selection, are sent to leading Russian and International business schools for training. On a regular basis, employees from the production units of the Group's companies are sent to training centres and centres for secondary training. As part of the development of management potential, MMK Group enterprises actively work with the leading economic and business management schools in Russia for MBA programs. To expand and develop competencies of employees of the Group, MMK actively engages in providing internships for employees in other departments, the results of these internships allow the Group's companies the possibility of filling arising vacancies with internal rotations. There is a strategic initiative for the involvement of employees in improving operational efficiency at MMK which is implemented within the framework of the Company's 2025 Development Strategy and is focused on the development of human resources.

The Russian Union of Industrialists and Entrepreneurs has been holding the Russian Business Leaders: Dynamics, Efficiency, Sustainability competition for more than ten years. It is traditionally attended by Russian enterprises of all different types, forms of ownership and sizes. In 2018, the competition was attended by about 300 organisations from 43 regions of Russia.

Source : Strategic Research Institute

voda 3 juni 2019 16:34

0

Ziscosteel USD 133 Million Revival Begins

Herald reported that ZimCoke took over a coke oven at Ziscosteel in Redcliff as the USD 133 million deal starts bearing fruit. Industry and Commerce Minister Mangaliso Nqobizitha Ndlovu commissioned the ZimCoke (Private) Limited takeover viewed as the first real step towards the revitalisation of the steel giant. ZimCoke and Zisco signed an agreement of sale in 2017 under which ZimCoke bought the coke-making assets of Zisco the plant and machinery, land and buildings, and associated infrastructure of coal handling and wagons. The company, which is expected to inject a further USD 150 million after also taking over the USD 220 million Ziscosteel debt to Germany bank KfW that the company has almost cleared, is expected to commence refurbishments of the four coking ovens and production will begin in six months’ time. The ZimCoke investment is expected to create nearly 1 000 jobs in the system with many more in all associated industries and service providers.

Speaking during the commissioning ceremony, Minister Ndlovu said the ZimCoke project was key in unlocking a new era of heavy industrial development said that “It has now taken three years for the conditions precedent to the ratification of this transaction to be implemented but, at last, the day has come when we can announce that the new investor has been authorised to implement its plans and this was finally agreed by the Cabinet. In my view, this key project could open up a new era of heavy industrial development in the province and the country at large.”

Source : Herald

voda 3 juni 2019 16:34

0

Nucor Steel Plans USD 2 Million In Mill Improvements

Panola Watchman reported that Longview based Nucor Steel plans nearly USD 2 million in improvements to its mill on Southwest Loop 281. The mill, officially known as Nucor Steel Longview LLC, wants to build a new access drive into the plant from Loop 281, along with a guardhouse and temporary parking and a building for lockers and administrative offices.

Laney Newman, with Johnson and Pace engineering firm, submitted a site review application to the city’s Development Services division Tuesday. The company is seeking variances to city ordinances to begin the projects later this year. The total estimated value of the project at 5400 W. Loop 281 is USD 1.9 million, according to the application.

Currently, Nucor employees park on property owned by neighboring manufacturer Komatsu Mining Corp., City Planner Angela Choy said.

Nucor’s proposal calls for a temporary parking area of 229 spaces and a locker room facility. A guard house and an access driveway also would be built.

Development Services Manager Vance Wyly said the company plans to use the temporary facilities for about two to three years. Future plans call for more than 1,000 parking spaces potentially to be added; the company owns 144.45 acres of land. According to the company’s variance application, “Nucor Steel Longview currently has 160 employees. The steel mill operates three shifts with approximately 55 employees per shift. At max production levels, Nucor plans to employ a total of 200 employees over four shifts, approximately 50 per shift.”

Source : Panola Watchman

voda 3 juni 2019 16:36

0

US DoC Recommends AD Duty On Refillable Stainless Steel Kegs From China, Germany and Mexico

US Department of Commerce announced its preliminary determinations in the antidumping duty investigations on Refillable Stainless Steel Kegs from China, Germany, and Mexico. In the China investigation, Commerce gave an affirmative preliminary dumping duty of 2.01% to respondents Ningbo Master International Trade Co Ltd, Guangzhou Jingye Machinery Co Ltd, Guangzhou Ulix Industrial & Trading Co, Ltd and Ningbo Haishu Direct Import And Export Trade Co Ltd. Commerce assigned a preliminary dumping duty of 79.71% for all other Chinese producers and exporters.

In the Germany investigation, Commerce issued an affirmative preliminary dumping duty of 8.61% to mandatory respondent Blefa GmbH. For all other German producers and exporters, Commerce assigned a preliminary dumping duty of 8.61%.

In the Mexico investigation, Commerce gave an affirmative preliminary dumping duty of 18.48% to respondent THIELMANN Mexico SA de CV and a preliminary dumping duty of 18.48% for all other Mexican producers and exporters.

Source : Strategic Research Institute

Bijlage:

voda 3 juni 2019 16:37

0

Primetals Technologies to install Automated Tapping systems at two BOF converters of Jiangsu Shagang

Chinese steel producer Jiangsu Shagang Group Company Limited placed an order with Primetals Technologies to install automatic tapping system on two BOF converters in its converter steelworks in Zhangjiagang in Jiangsu Province. This modernization project marks the first commercial implementation of Primetals Technologies´ Automated Tapping system in a steelworks. The package will reduce tapping time and minimize slag carry over, improving subsequent phosphorous refining. Automated tapping sequences will optimize tapping performance and make it independent from the operator’s experience. In addition, working safety will be largely improved. Start-up of the new Automated Tapping systems is expected for the third quarter of 2019.

The upgrade of BOF operation by Primetals Technologies encompasses the hardware and sensor system for Automated Tapping, the safety system to prevent ladle overfilling, the implementation of Automated Tapping sequences, the installation of additional features for safety tapping as well as the integration of the existing slag stopper system.

The Automated Tapping system developed and installed by Primetals Technologies acts as a “Digital Assistant” and allows for a safe and fully automatic converter tapping procedure, including the control of vessel position, ladle car movement during tapping, as well as the positioning of the chute for ladle alloying. In combination with an installed slag identification system, e.g. optical or magnetic slag detection and a slag stopper system, there is minimal carry-over of converter slag in the teeming ladle.

At the end of converter treatment, the operator initiates the Automated Tapping procedure by just pressing one button. The converter is automatically tilted to the initial tapping angle and a fully automatic tapping procedure is executed. During the tapping procedure, all of the equipment involved is coordinated simultaneously. The primary task of the operator is to monitor tapping progress. The position of the vessel and the ladle car, the ladle alloying system, the installations for slag detection and the slag stopper are controlled by the software module. Multiple safety functions such as maximum tilting speed, online weight monitoring, and ladle fill level detection are included with Automated Tapping. There is always the possibility for the operator to intervene at any time, either to meet special requirements resulting from exceptional tapping situations or to maintain operational safety. Automated Tapping is available for all converter types and for slag pouring at the end of the tapping procedure.

The understanding of a fully automated converter operation is to execute the entire sequence of all required process steps for converter steelmaking charging - blowing - tapping and alloying in an autonomous manner. Thus Automatic Tapping is one cornerstone in achieving a fully digital, i.e. smart steel plant.

Jiangsu Shagang is the largest private steel producer in China. Its annual production capacity is 31.9 million tons of iron, 39.2 million tons of steel and 37.2 million tons of rolled products. The range of products includes heavy plates, hot-rolled coils, steel wire, ribbed steel and special round steels. Steel is produced by means of BOF converters.

Source : Strategic Research Institute

voda 3 juni 2019 16:52

0

Fenix Sign Deal With Geraldton Port To Drive Iron Ore Production In Western Australia

Fenix Resources has signed a joint cooperation agreement with Geraldton Port to export iron product from the Iron Ridge project in the Mid West region of Western Australia. The port forms part of the Midwest Ports Authority, with the agreement further advancing Fenix’s development at Iron Ridge. The JCA will investigate how MWPA may provide approximately one million tonnes per annum of export capacity through the port. In accordance with the JCA, Fenix and MWPA will agree to negotiate port access, capacity reservations, handling services and iron ore product export contracts.

Fenix MD Mr Robert Brierley said that the JCA provides the next progression of the Iron Ridge project as the company advances towards development. He said that “The execution of this joint cooperation agreement represents yet another advancement in a key component of our future operations as we strive towards development of the iron ridge project. With the recent trucking joint venture signed and excellent preliminary metallurgical results, the JCA is another step towards the completion of our logistics chain.”

Fenix’s Iron Ridge is the company’s flagship project, with plans to produce high-grade iron ore that attracts a premium price on the seaborne market.

According to Fenix, the company is targeting Chinese steel works as they increase demand for more pure inputs that produce lower emissions as government regulations become stricter.

Source : Strategic Research Institute

voda 3 juni 2019 16:57

0

Iron Ore Prices In India To Remain Steady On Higher Steel Production - Mr Baijender Kumar

NMDC CMD Mr Baijender Kumar discussed with Mr Surya Sarathi Ray of Indian Express on what holds for the company for the current fiscal.

Q - Clearly increased prices saved the day for NMDC in 2018-19 as the tonnage was down. What is your assessment on iron ore prices for the current fiscal?

A - Compared to international prices, our price is much less and the trend will continue in the current fiscal. The Odisha factor (where private firms are set to ramp up production before their non-captive leases expire in March) may cause some price reduction. But I feel the way steel production is going up in India, iron ore prices will remain steady. In fact, people who are importing the raw material now will be forced to restrict imports because the price is highly prohibitive. Now it is USD 109 per tonne.

Q - How do you see the demand for iron ore in the current fiscal?

A - Demand in India is ever increasing. If you go by 300 MT annual production target by 2030, the demand for the raw material will be around 450 MT. Today, we have 18-20% market share in the domestic market and that will continue. I think most of India’s future iron ore demand will be met from the domestic market.

Q - What is your projected sale for the current fiscal?

A - It may be around 36-37 million tonne.

Q - You are spending around $1 billion in three years to ramp up domestic production capacity to 67 MT from 43 MT now. Are you looking for acquisition of mines?

A - We have two routes for domestic acquisition — one is government nomination route and the other is forging joint venture with state-run firms. We have requested the governments of Odihsa, Chhattisgargh, Karnataka and Jharkhand to get mines on the nomination route. Through the joint venture route, we have got some mines in Chhattisgarh. We have also agreed in principle to forge joint venture partnership in Jharkhand. I think the JV route is going to be the most preferred in future.
Source : Financial Express

voda 3 juni 2019 18:43

0

POSCO Make Early Payment Scheme Of Supplier’s R&D Costs

POSCO has announced an early payment scheme covering research and development costs of its suppliers, in a bid to promote the value of mutual growth. The company said that so far, the steelmaker has been paying R&D costs in advance for suppliers only when requested. The new program will pay 20% of the cost at the start of the project, of which materials exceed KWR 100 million (USD 83955), and the remainder after the project. A POSCO official said that "The company has decided to launch this program because we know suppliers have a hard time getting approved for a loan even with our contracts.”

Providing early payment for funds will ease the financial burden on partner companies, whereas POSCO will be able to secure a stable supply of steel materials from its suppliers.

Source : Korea Times

voda 3 juni 2019 18:43

0

Thermatool To Provide Pipe Production Equipment To Vyska Steel Works of OMK

Thermatool Corp has received a contract from OCTG producer OMK for the delivery of two high-power HF welding machines and 12 postweld heat-treatment seam annealers to its Vyska Steel Works unit. The equipment is scheduled to be commissioned later this year. Vyska Steel Works is the largest manufacturer of steel welded pipes in Russia.

The casing, line pipe, and tubing mills that will go online at Vyska will produce up to 7- and 10 in. pipe using both induction and contact welding with dual capability. The 7-in. mill comprises a 1,000-kW HAZControl™ technology HF welder and 2,000 kW of seam annealing induction power. The 10-in. mill is equipped with a 1,400 kW HAZControl HF welder and 3,200 kW of postweld heat treatment. Both mills also employ 250-kW end weld annealers.

Source : Strategic Research Institute

voda 3 juni 2019 18:44

0

Pakistan Government Aims To Revive PSM On Fast Track Basis - Mr Dawood

Nation reported that adviser to the Pakistan Prime Minister on Commerce, Textile, Industry & Production and Investment Abdul Razak Dawood said that the government will be rigorous in carving out a plan for the revival of Pakistan Steel Mills. He made these remarks while chairing a meeting on the revival of Pakistan Steel Mills. Representatives of Mercury Group & Tyazhpromexport, REP Holding Russia, TMK Russia (Core Corporation Pvt Ltd), Sinosteel Equipment & Engineering Co Ltd, Essa Corporation Karachi and MCC-Donghua Consortium participated in the meeting.

The adviser assured that the government aims to revive PSM on a fast track basis. The government will be rigorous in carving out a plan for the said revival, and the same will be implemented efficiently. The adviser informed the participating companies that the government would keep the whole process of revival of PSM transparent and competitive. He informed the participants that the government will soon appoint a Transactional Adviser, who will be entrusted with the responsibility to develop a framework to ensure equal opportunity for potential bidders. The PSM liabilities and different options to settle these liabilities were also discussed.

The government intends to run the Mill on a Public Private Partnership Model and not as a facility owned and operated solely by the Ministry of Industries & Production. Some of the participating companies shared their respective proposals to revive PSM that were discussed in detail.

The adviser appreciated the initial proposals and asked the participating companies to submit the proposals officially and assured them that the government will always be open to potential bidders for discussion and finalization of the revival plan of PSM on transparent and competitive basis. The adviser gave his consent to the request of the participating companies to visit the PSM to assess its condition, which will assist them in formulation of their plans for the revival of the PSM.

Source : Nation

voda 3 juni 2019 18:45

0

Bolivia El Mutun Delays Spark Protests

BNamercias reported that Bolivia’s long-overdue USD 546 million El Mutun iron ore and steel project is facing further delays, sparking protests by the unit’s union. The union declared a state of emergency and demanded to meet with mining minister César Navarro, alleging work has yet to get underway at the project and contractor Sinosteel has not ordered equipment or hired workers, despite a government pledge work would start by May 15. However, China’s Sinosteel, which last month handed in a study for the project in Puerto Suárez, Santa Cruz, is meeting the project timetable, Navarro told reporters. China’s state Eximbank recently made a second installment of funds for the project, he added.

El Mutún, which was awarded to Sinosteel in March 2016, holds an estimated 40 billion tonne in reserves

The project, which seeks to save USD 300 million per year in steel imports, will create 1,500 direct jobs and 3,000 indirect jobs. The complex, which will include a pellet plant, will be linked to a 15km, 700,000m3/d natural gas pipeline, a 120km water pipeline and a 105km highway.

Source : BNamercias

voda 3 juni 2019 18:45

0

China To Issue Scrap Metal Import License By End June

Argus Media reported that China's ecology and environment ministry will expedite the import licensing process for scrap metal consumers that meet its application requirements and could issue licenses by the end of June. The Minister said that "For applications that meet the conditions, the ministry will speed up the process and strive to approve and issue the first batch of scrap metal import licenses by end-June.”

Under the policy introduced in January, all scrap metal importers in China must obtain licenses by 1 July in order to continue receiving ferrous and non-ferrous deliveries from overseas. Each importer will be assigned a quota of permissible tonnage but the details have yet to be released. Licenses will only be issued to companies that are legally registered to process and consume scrap metal. These firms must also have storage and processing facilities that meet environmental standards.

Applicants must not have violated environmental rules in the past two years. Violations include the importing of banned scrap and illegally obtaining import and scrap transfer licenses through false documentation. In addition, applicants must also not have breached emissions rules in the past year.

In a bid to avoid the stringent Chinese policy, many scrap processors in China have relocated to Hong Kong, Malaysia, Indonesia, Thailand or Vietnam.

Source : Argus Media

voda 3 juni 2019 18:46

0

CMI Again Becomes John Cockerill

On May 16, 2019, CMI becomes John Cockerill again, like the visionary and bold entrepreneur. With this name change, the Group is reconnecting to its roots and building its future, more than ever inspired by the innovative and entrepreneurial spirit of its founder. Founded in 1817, the Group proudly wore the name John Cockerill for more than 150 years, before transforming itself into Cockerill Maintenance & Ingénierie, often hidden behind the acronym CMI. We are of course very proud of the progress we have made under this name: over the past 15 years, we have diversified our technologies and geographic markets, and multiplied our workforce and business volume by a factor of four. Over the years, this name has therefore become far too narrow in relation to the reality of a Group whose activity goes far beyond the design and maintenance of equipment. In addition, there are now hundreds of companies and organizations called CMI. This acronym no longer reflects the uniqueness of our Group.

Mr Bernard Serin, President of John Cockerill said that “In 2017, we celebrated 200 years of industrial adventures. We have reclaimed our history. That of a founder and entrepreneur, pioneer of the industrial revolution on the European continent. That of his successors, who have perpetuated this entrepreneurial spirit and the ability to offer concrete solutions to respond to the needs of their time. By making this story resonate around the world through our employees, customers and partners, it became obvious: CMI was to become John Cockerill again. Because our action is perfectly in line with John Cockerill’s, our founder. Because our current and potential activities go far beyond maintenance and engineering. And because our trajectory is unique, like John Cockerill’s name.”

Mr Jean-Luc Maurange, CEO of the John Cockerill Group said that “Our newfound identity illustrates the state of mind that guides us on a daily basis: think different. We are constantly taking a fresh look at things. This leads us, for example, to extend our offer to new business models that meet our customers’ current and future expectations. Beyond the supply of equipment and services, we develop the provision of capacities, delegated management, or project development in BOT (Build, Operate and Transfer) mode. We combine existing applications to create new ones. At John Cockerill, we are enablers of opportunities, we bring answers of our time and tailor-made solutions to our customers.”

Driven since 1817 by the entrepreneurial spirit and thirst for innovation of its founder, the John Cockerill Group provides cutting edge, large scale technological solutions to respond to the needs of its time: preserving natural resources, contributing to greener mobility, producing sustainably, fighting against insecurity and facilitating access to renewable energy.

Its offering to enterprises, States and public bodies comes in the form of services and associated equipment for the energy, defense, industry, environment, transport and infrastructure sectors. With the 6,000-strong workforce, John Cockerill achieved a turnover in 2018 of 1.3 billion Euros in 23 countries spread across 5 continents.

Source : Strategic Research Institute

voda 3 juni 2019 18:46

0

ArcelorMittal Kryviy Rih Inks Contract With CISDI For BF 9 Upgrade

ArcelorMittal Kryvyi Rih signed an agreement with the Chinese company CISDI to upgrade blast furnace No 9. The contract worth nearly USD 30 million includes engineering design, supply of basic equipment, its supervision, supervision and training staff of the plant. Comprehensive modernization of the DP-9 will allow it to work out the next 20 years, to bring the rate of use of pulverized coal to 200 kilograms per ton of pig iron, to reduce the coke equivalent and to reconstruct the aspiration system, thereby reducing dust emissions to less than 20 milligrams per normal cubic meter and technological gas purification to a level no higher than 5mg / Nm3, which will give an opportunity to radically improve environmental performance. The project also provides for 100% granulation of blast furnace slag with the optimum flow of water to it and obtaining its required quality.

ArcelorMittal Kryvyi Rih has four blast furnaces. "Nine" is the largest of them, its useful volume exceeds 5,000 cubic meters. It produces about half of all pig iron at the steel plant and is still considered one of the largest in Europe. After the modernization of the furnace, its capacity will increase to 10 thousand tonnes of pig iron per day on the existing raw materials and up to 12 thousand tons using sinter and pellets.

ArcelorMittal Kryvyi Rih and CISDI have already begun to prepare the project, a joint design team has been formed, which includes experts from the investment and engineering department of the Krivoi Rog enterprise. 3D-scanning of objects, geodetic and topographic surveys have already begun.

CISDI is part of the Chinese state corporation MinMetals and is one of the world leaders in implementing large-scale engineering projects for the metallurgical industry.

Source : Strategic Research Institute

voda 3 juni 2019 18:49

0

Gevalletje van het beruchte "pisbakken" staal uit China?

Safety Concerns Over Chinese Steel For West Gate Tunnel

There are safety concerns over Chinese steel set to be used to build the West Gate Tunnel project. The contractor building the project has done a deal with Chinese state-owned company, ZPMC, to provide 17% of the steel for the project. Mr Ian Cairns, National Manager at the Steel Institute of Australia, said he is worried about the safety of the steel. He said that “There’s certainly is some major risk and concern. There are big question marks over the quality of Chinese steel fabrication, plate manufacturing and welding quality. There’s been a lot of question marks over the welding quality, we’ve seen it cracking, just not up to Australian standards.”

But the West Gate Tunnel contractor has assured the Steel Institute of Australia that the materials for the project will be up to scratch.

West Gate Tunnel contractor, John Holland, is a wholly owned subsidiary of state-owned Chinese company, China Communications Construction Company. ZPMC, the company providing Chinese steel for the project, is a subsidiary of the same company.

The deal comes despite a state government promise that 94 per cent of materials used would be Australian. There are also safety concerns about Chinese steel which date back to 2015.

Source : 3aw.com.au

Vertraagd	6 mei 2024 17:35
Koers	24,350
Verschil	+0,050 (+0,21%)
Hoog	24,730
Laag	24,350
Volume	2.104.470
Volume gemiddeld	2.557.030
Volume gisteren	1.804.974

02 mei	Beursblik: resultaten ArcelorMittal b...	1
02 mei	AEX gaat hogere opening tegemoet, ter...	4
02 mei	Meer omzet en hoger resultaat bij Arc...
01 mei	Lagere winst ArcelorMittal verwacht
23 apr	Mondiale staalproductie daalt toch weer
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...

Arcelor Mittal « Terug naar discussie overzicht

Nieuws en info hier plaatsen (deel 4)

Meedoen aan de discussie?

Direct naar Forum

Detail

ArcelorMittal nieuws meer