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voda 18 januari 2019 19:16

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Automotive leaders and innovators recognized for steel advocacy by SMDI

The Steel Market Development Institute, a business unit of the American Iron and Steel Institute, presented three awards to outstanding automotive industry leaders who advocate for the use of steel in automotive applications. The award winners were recognized at SMDI's annual Men and Women of Steel Awards luncheon today during the 2019 North American International Auto Show. The awards include a USD 2,500 donation in honor of each recipient to the Society of Automotive Engineers Foundation to help students, educators and corporations excel in STEM fields by providing educational programs and scholarships.

SMDI's Industry Innovator Award acknowledges an automotive designer or engineer who identifies industry challenges and implements new grades of steel as the solution. The 2019 Industry Innovator Award was presented to Joe Riggsby, principal engineer, upperbody design group, Honda R&D Americas, Inc. for employing more than 50 percent ultra high-strength steel in the 2019 Acura RDX. The RDX also touts the world's first UHSS inner and outer door ring system.

The SMDI Community Hero Award recognizes individuals and organizations whose work using steel impacts the quality of life of the community. This year's Community Hero Award recipient is Carla Bailo, president and CEO, Center for Automotive Research.

Under Bailo's leadership, CAR's objective materials research has been indispensable in driving industry innovation. Bailo has spent 35 years making an impact in the automotive industry and continues to be a prominent resource. Her extensive and well-rounded experiences leave an abiding impression on the auto industry.

The inaugural SMDI Manufacturing Leader Award is presented to an individual who implements steel for intended automotive applications and collaborates to overcome manufacturing challenges. The 2019 Manufacturing Leader Award recognized Doneen McDowell for her exemplary leadership as manufacturing executive director of General Motors North America. McDowell has served in leadership positions in nine different GM plants covering stamping, assembly and powertrain. In 2015, she was recognized by Automotive News as one of the 100 Leading Women in the North American Auto Industry. With more than 20 years of experience in the automotive industry she encourages diversity in the workplace and serves as a mentor and role model to many in manufacturing.

"Joe, Carla and Doneen have each made significant contributions to the automotive industry by serving as champions of high-strength steel through their innovation, leadership and customer-centric focus," said Dr. Jody N. Hall, vice president, automotive market, SMDI. "The value of automotive steel is substantiated by industry drivers like our Men and Women of Steel Award winners. Thanks to them, automakers and consumers alike will continue to benefit from steel's unmatched strength, durability and sustainability. "

Previous Men and Women of Steel Award winners include:

2018 Industry Innovator: Jack Dolan, architecture line executive for large vehicles, FCA US LLC.

2018 Community Hero: Dr. Donald Malen, adjunct faculty member, University of Michigan.

2017 Industry Innovator: Gregory Warden, executive director and global functional leader, body, exterior & dimensional engineering, General Motors.

2017 Community Hero: Steve Marks, industry technical support manager, Inter-Industry Conference on Auto Collision Repair (I-CAR).

2016 Industry Innovator: Mike Sweers, executive chief engineer, truck programs, Toyota Motor North America Research and Development.

2016 Community Hero: U.S. Department of Energy Office of Vehicle Technologies for its support of research, development and deployment of efficient and sustainable highway transportation technologies to improve fuel economy and minimize petroleum use.

2015 Industry Innovator: Elizabeth Krear, chief engineer (Ram 1500), FCA US LLC.

2015 Community Hero: Ron Moore, fire chief, McKinney, Texas Fire Department (retired), for his efforts in educating first responders and other emergency workers on cutting tools or alternate solutions for passenger compartment access.

Source : Strategic Research Institute

voda 18 januari 2019 19:17

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Chengdu Changfeng orders EAF Quantum EAF and ladle furnace from Primetals Technologies

Chinese steel producer Chengdu Changfeng Steel Group Co Ltd placed an order with Primetals Technologies to supply an EAF Quantum electric arc furnace and a ladle furnace for its plant in Dujiayan city, Sichuan Province. This marks the 9th EAF Quantum for China. The EAF Quantum furnace is designed to handle scrap steel of vary varied composition and quality. The electrical energy requirement of the electric arc furnace is extremely low because the scrap is preheated. This reduces both the operating costs and the CO2 emissions. The twin ladle furnace sets the desired steel grades and the correct casting temperature. The new furnaces are scheduled to be commissioned in early 2020.

Chengdu Changfeng is a medium-sized state-owned enterprise based in Chengdu, Sichuan Province. The company operates three steel branches, one oxygen production company, and one mechanical manufacturing and processing company. For the new EAF Quantum electric arc furnace and the twin ladle furnace, Primetals Technologies will supply the complete mechanical and electrical process equipment and the automation technology. This includes the automated scrap yard management, the automated charging process, automation of the oxygen injection and sand refilling, as well as the Level 2 automation which makes the plant ready for Industry 4.0.

The EAF Quantum developed by Primetals Technologies combines proven elements of shaft furnace technology with an innovative scrap charging process, an efficient preheating system, a new tilting concept for the lower shell, and an optimized tapping system. This all adds up to very short melting cycles. The electricity consumption is considerably lower than that of a conventional electric arc furnace. Together with the lower consumption of electrodes and oxygen, this gives an overall advantage in the specific conversion cost of around 20 percent. In comparison to conventional electric arc furnaces, total CO2 emissions can also be reduced by up to 30 percent per metric ton of crude steel. An integrated dedusting system with modern automatic off gas control fulfills all environmental requirements.

Source : Strategic Research Institute

Bijlage:

voda 18 januari 2019 19:18

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Turkey - Additional Duties on Certain Products from United States

The United States submitted its first request for a panel to examine additional duties imposed by Turkey on certain products imported from the US. The Turkish duties are in response to the US decision last year to impose duties on imports of steel and aluminum. The US noted that its duties were taken as national security actions and are therefore fully justified under Article XXI of the GATT. Turkey and other WTO members are pretending that the US actions are safeguards and further pretending that their unilateral, retaliatory duties constitute "suspension of substantially equivalent concessions" under the WTO's Safeguards Agreement, the US said; just as these members appear ready to undermine the dispute settlement system by throwing out the plain meaning of Article XXI and 70 years of practice, so too are they ready to undermine the WTO by pretending to follow WTO rules while taking measures blatantly against those rules.

Turkey said it regretted the US request for the panel and said the real reason members find themselves in this situation today is not because of the Turkish action but because of the unwarranted and unjustified unilateral US action, which was intended to protect US producers from the competitive effects of imports. Like many other members, Turkey had no choice but to react. In imposing its duties, the US made no effort to consult with Turkey on the matter or to maintain a balance of substantially equivalent concessions as required under the Safeguards Agreement. Last August the US doubled its duties on Turkish steel imports without any explanation and threatened to do the same with aluminum imports. Turkey is fully entitled to take the action it did; it is ready to engage with the US on the matter, and as a result the US request is premature and Turkey is not in a position to agree to the establishment of a panel.

The European Union said it welcomed Turkey's decision to resort to its right to suspend equivalent obligations vis-a-vis the United States. Turkey and other members are not undermining the dispute settlement system but standing up to the abuse by the US of Article XXI of the GATT, the EU said.

The DSB took note of the statements and agreed to revert to the matter.

Source : Strategic Research Institute

voda 18 januari 2019 19:23

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Vale ships iron ore pellets for port sales in China - Report

Platts reported that Brazilian miner Vale has transported pellets to Chinese ports, and plans to sell pellet on Yuan basis after the Lunar New Year. Traders said that Vale had shipped two 150,000 tonnes cargoes of 64% Fe pellets to Caofeidian port in Tangshan and Rizhao port in Shandong. Market sources are concerned that these cargoes will increase the selling pressure in the spot market. As pellet usage ratio is not big in blast furnaces in China, some players doubt there would be enough liquidity to support fresh supply in the spot market.

Another trader said that these pellet cargoes from Vale is probably from the restart of the Sao Luis Pellet plant in third-quarter 2018. The quality of which is difficult to sell into Northeast Asian markets.

Source : Platts

voda 18 januari 2019 19:49

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Global Ferronickel holds ore shipments to China steady

Philippines nickel ore miner, Global Ferronickel Holdings Inc, said that it aims to ship 5.7 million wet metric tonnes to China this year, in line with 2018, as China’s cooling economy slows expected demand. Global Ferronickel also said it has signed a contract to sell 1 million wmt of ore to Baosteel, a unit of top steel manufacturer China Baowu Steel Group. It is also looking to sell ore to China’s Guangdong Century Tsingshan Nickel Industry Co.

Global Ferronickel President Dante Bravo said “The deal with Baosteel, which has been a customer of the Philippines’ second-largest nickel ore producer since 2014, is the biggest so far between the two companies. The effect of the cooling Chinese economy basically brought down the expected demand and ore prices. But overall, we are still profitable. We will be signing new supply agreements with our buyers after the Chinese new year.”

As nickel prices fell last year, Global Ferronickel opted to ship higher-grade ores to maximize profitability. Last year’s shipment volume of 5.709 million WMT was also 3.8% higher than its 5.5 million WMT target, thanks to favorable weather conditions and more efficient operations, it said.

The miner is looking to further boost sales of medium and high-grade ores this year to 60% of total sales, with low-grade ores accounting for 40%. Medium- and high-grade made up 53% of the sales mix last year and just 39% in 2017.

The Philippines is the world’s second-biggest supplier of nickel ore, used to make stainless steel, after Indonesia.

Source : Reuters

voda 21 januari 2019 12:44

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ArcelorMittal to build its first ever desalination plant in Brazil: executives
2 MIN READ

SAO PAULO (Reuters) - ArcelorMittal SA (MT.AS), the world’s largest steelmaker, is set to build its first-ever desalination unit in Brazil to handle unforeseen water needs at its plant in the eastern state of Espírito Santo, senior company executives said in an interview on Friday.

FILE PHOTO: A worker walks past steel rolls at the ArcelorMittal steel plant in Sestao, Spain, November 12, 2018. REUTERS/Vincent West
The unit is aimed at lessening the company’s dependence on state water utility company Cesan and avoiding production cuts at times of water crises as the state suffered in 2015 and 2016, said Jorge Ribeiro, president of operations at ArcelorMittal’s Brazilian flat steel division.

While the plant is ArcelorMittal’s first, desalination facilities have already become fixtures at some rival steelmakers and multiple mining operations, which tend to be water-intensive.

The company is in the final stages of picking a firm to build the plant, Ribeiro said, adding that the decision will likely be taken next month, with companies from India, the United States and Spain among those interested.

The planned investment is about 50 million reais ($13.32 million) and the project should start operating in two years, he said.

In an initial module, the plant will be capable of desalinating 500 cubic meters (132,100 gallons)of sea water per hour.

“It’s a modular process, more modules can be added in the future,” said Ribeiro.

ArcelorMittal Brazil’s chief executive, Benjamin Baptista Filho, noted that during the 2015 water crisis in Espírito Santo, the company was told by the state government to reduce its consumption from Cesan by 30 percent.

“What we are doing is insurance, because if there is another rationing event, we can respond ... If there is another rationing, without the desalination, we would have to stop some of the production,” said Filho.

According to Filho, the desalination plant will be the first in Brazil to operate exclusively with seawater. The plant will use reverse osmosis technology and consume electricity produced by the steel mill itself.

www.reuters.com/article/us-arcelormit...

voda 21 januari 2019 17:02

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ArcelorMittal Tailored Blanks Pioneer plant to close

ArcelorMittal Tailored Blanks is closing its Pioneer unit in Ohio, effective October 3, 2019. The decision to close the facility that produces straight line and curvilinear laser welded blanks for the auto industry, was made as a result of a slowdown in market demand for products that represented the foundation of business for our Pioneer facility

Any remaining business will be relocated to sister AMTB facilities.

The production capacity of the asset, which is strategically positioned to supply automotive customers in the northern and Midwestern states of the country, is about 6 million laser welded blanks annually.

Source : Strategic Research Institute

voda 21 januari 2019 17:02

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GMS Market Commentary on Shipbreaking in Week 03 - SHAKY SENTIMENTS!

It has been another shaky week in the subcontinent markets, with prices and sentiments across the board, seemingly declining by the day. Cash Buyer focus of late has been on the resale of a multitude of their unsold (and expensive) inventory basis a Bangladeshi delivery in mind, a destination which is swiftly starting to fill up. Challenges in securing local Buyers with appropriate L/C limits also continue across the Indian subcontinent, as banking hurdles become one of the chief concerns for ship Recyclers and Cash Buyers alike. Meanwhile, despite a growing demand, the Pakistani market has failed to secure tonnage for yet another week and local offerings are currently positioned so far from reality, that many in the industry are fearing not only a quiet January, but perhaps a worryingly quiet first quarter in Gadani.

India endured another troubling week with declining local steel plate prices and a Rupee that is now mimicking the volatile personality of local steel plates. As a result, very few firm (and meaningful) offers from Alang Buyers were forthcoming as talks of further possible declines on the horizon started to make the rounds. The volatile fundamentals are now raising concerns that local offerings may even dip below the USD 400/Ton mark, especially if the current trend persists.

Finally, the Turkish market registered a minor improvement in local steel plate prices; however, the Lira also registered a noteworthy improvement this week, which in turn is being attributed to the firming steel prices.

On the supply side of things, containers continue to be the flavor of the moment, with a number of Panamax and mid-range units on offer and even more slated to come for sale in the weeks / months ahead. On the other hand, amidst an uptick in charter rates, the volume of Tanker recycling has slowed considerably of late. As such, the most active sectors at present continue to be offshore and containers, in what is sure to be another busy year for ship recycling markets.

Source : GMS Weekly

voda 21 januari 2019 17:03

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Australia imposes duty on Turkish steel rebar

Australian Anti-Dumping Commission decided to introduce antidumping duties on steel rebar including rebar in coils exported to Australia from Turkey. On January 15, the Australian Anti-Dumping Commission has announced antidumping measures against rebar from Turkey. Commission said “Given the volumes of imports from Turkey, it is necessary to take securities to prevent material injury occurring whilst the investigation continues. The AD duty imposed on all Turkish rebar exporters is 4%.

The Commission said that “The rate of Turkish imports is increasing with Turkish imports accounting for approximately 12% of the total Australian imports.”Before the investigation, the dumping margin was estimated by the applicant and by the Commission in the range of 8.2%-12.6%, so much higher than the announced preliminary duty.

The investigation was initiated on November 16,2018, in response to the request from Liberty OneSteel, the only maker of rebar and rod in coils in the country, which stated that the total imported volumes of Turkish rebar surged 10-fold during the last financial year

Source : Strategic Research Institute

voda 21 januari 2019 17:03

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NLMK announces Q4 & 2018 trading update

In 2018, NLMK Group sales grew to 17.6 million tonnes, up 7% YoY. Steel output grew by 2% YoY to 17.5 million tonnes Steel capacity utilization rate was 99%. Steel output increased by 2% YoY to 17.5 million tonnes. Group sales grew by 7% YoY to 17.6 million tonnes, driven by growth of demand in key sales markets. Sales growth was supported by a +20% YoY growth of semi-finished product sales to 6.8 million tonnes Finished product sales remained flat YoY at 10.8 million tonnes. HVA sales increased by 3% YoY to 5 million tonnes. Sales in home markets decreased insignificantly by 1% to 10.56 million tonnes, while sales growth in export markets totalled 17%. Sales in home markets continue to account for the bulk of Group sales, with a 61% share in 2018. Steel capacity utilization rate was 99%.

Q4 2018 highlights:

Steel output decreased by -1% QoQ (+1% YoY) to 4.4 million tonnes due to planned maintenance at NLMK Russia Long and NLMK USA.

Group sales grew by 5% QoQ (+6% YoY) to 4.6 million tonnes, driven by higher demand for slabs and pig iron in export markets.

Sales in international markets grew by 32% QoQ (+33% YoY) to 2.1 million tonnes, driven by the growth of semi-finished product exports from the Russian sites due to intensified demand in the sales markets. Sales in home markets dropped to 2.5 million tonnes (-9% QoQ; -12% YoY) due to the seasonal weakening in demand in the Russian market. The share of Group sales to home markets decreased to 55% (-9 p.p. Qoq, -9 p.p. YoY).

Source : Strategic Research Institute

voda 21 januari 2019 17:04

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LME selects Argus prices for China steel futures

Argus Media reported that London Metal Exchange will launch a finished steel coil futures contract for Asia on 11 March, settled against prices produced by Argus. The new financially-settled contract for hot-rolled coil (HRC) exported from China will settle against the Argus HRC fob Tianjin China index, published in the Argus Ferrous Markets daily online service. Argus Media chairman and chief executive Adrian Binks said that “We are very pleased to have been chosen as the settlement index for the LME’s new Chinese steel contract. Over the past several years the Chinese export market has emerged as arguably the most important of all HRC markets, and in many ways serves as the global benchmark for flat rolled steel.” He added that “The combination of a leading exchange like the LME and a first-tier metal price reporting agency in Argus gives this new contract the best possible chance of success.”

The LME highlighted the importance of the new HRC fob China contract as an important part of its growth strategy.

LME head of market development Robin Martin said that “We are delighted to announce Argus as the index providers for our new LME Steel HRC FOB China futures contract, a next step in delivering our new products strategy and an important part of our commitment to deliver greater user choice. The introduction of new contracts is a strategically important growth driver for the LME. We believe that these new cash-settled contracts will complement our existing product offering and the simpler settlement mechanism will help lower barriers to market entry. This will attract new players to the market who can benefit from using LME hedging to better manage their price risk in the physical metals market.”

The Argus HRC fob Tianjin China index is one of over 400 global price assessments published in Argus Ferrous Markets, which provides pricing and market information for the steel-making raw materials and finished steel markets.

Source : Strategic Research Institute

voda 21 januari 2019 17:05

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Fletcher Building steel division reviews safety after two deaths in two months

Stuff reported that Fletcher Building is reviewing its safety practices after two people died in two months at the company's steel division. On January 16th 2019 afternoon, a man aged in his 30s was killed in an incident at Fletcher Easysteel in Onehunga, Auckland. In late November, 58-year-old Andrew d'Auriol died at Fletcher Reinforcing in Levin, in the Horowhenua district.

A Fletcher Building spokesperson confirmed both deaths involved cranes, but said they were "very different in nature and unrelated". The spokesman said that "We take the safety of our people very seriously. We are conducting a review and have already taken actions within our internal safety programmes across Fletcher Building."

The review would encompass both fatal incidents.

The Onehunga site imports, distributes and processes steel products, while the Levin branch is a supplier of steel reinforcing mesh and bars.

Fletcher Building CEO Ms Ross Taylor said on Thursday that the death of "one of our people" had "shocked and deeply saddened all of us We are working closely with WorkSafe as the incident is investigated and have closed the site during this process as we work with our people there to support them through this loss.”

A WorkSafe spokesperson said on Friday it was investigating both deaths.

Source : Stuff

voda 21 januari 2019 17:05

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UAE officially hikes import duty on longs products

Metal Expert reported that UAE authorities have officially adopted the increase of the import duty on certain long products, the rest of the GCC will follow. Regional wire rod producers are expected to benefit from the measure, while in the rebar segment, the effect will be preventive rather than protective. Dubai Customs released the official document on January 16, stating that the import duty on some long products, mostly rebar and wire rods, will be increased to 10% from the previous 5%. The measure is in force starting from January 17, 2019 with no time limitation settled. The rest of the GCC states are to adopt the same policy. Last year, the measure was actively discussed in the market as it was supposed to come in force in June, but was officially implemented only now, Metal Expert understands.

In the rebar segment, which sees almost no imports from outside of the GCC, the increased duty will hardly make any significant change. “Good news for us, we will keep Turkey and the CIS out of the market," a Bahraini source told Metal Expert. ‘This closes the door for Turkey for sure, they will not come back," another player noted.

In the wire rod segment, where the import inflow is significant amid limited regional capacity, the increased duty will help protect local producers. A producer told Metal Expert that “It will for sure affect imports, especially of CIS and Chinese origins, to the benefit of local mills.”

Source : Strategic Research Institute

voda 21 januari 2019 17:06

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Telangana steel factory MD arrested in GST fraud

The Hindu reported that the managing director of a leading iron and steel company with multiple manufacturing units in Telangana was nabbed by the Hyderabad GST Commssionerate for fraudulently availing input tax credit to the tune of INR 4 crore. The Hyderabad GST Commissionerate, after searches conducted at two premises of the factory and residences, respectively, of a leading iron and steel firm having a INR 600 crore turnover per annum, arrested the managing director, who availed illegal input tax credit of around INR 4 crore on the strength of fake invoices, to the extent of INR 45 crore issued by three shell companies, two of them based at Kadapa and one at Rajahmundry.

A senior GST Commissionerate official told The Hindu on Saturday that recovery of INR 3 crore has been made and it is first-of-its-kind case in Telangana and Andhra Pradesh States, wherein the ultimate beneficiary, who could possibly be the architect of all these shell companies has been arrested and immediate recovery has been made.

Source : The Hindu

voda 21 januari 2019 17:13

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Siemens helps Brazilian steel works company digitalize operations

Maxiforja, one of Brazil’s national steel works companies and producer of components and mechanical systems for the automotive, agricultural and industrial markets, has adopted the Siemens Digital Innovation platform to digitalize its Canoas factory. With a goal of increasing productivity and shortening the development time of new products, Maxiforja has adopted Femap software, the Plant Simulation solution in the Tecnomatix portfolio, the Teamcenter portfolio, NX software and Line Designer from Siemens in order to reach its goal of becoming a digitalized enterprise.

Jaques Araripe Suris, product engineering coordinator at Maxiforja said that “Our relationship with Siemens originally began in 2001, when we replaced 2D CAD platforms with NX software and the Tecnomatix portfolio. Today we total nearly 60 licenses of Solid Edge for computer-aided design and Teamcenter to use for engineering and production archives management. This investment and partnership has brought agility to the production environment, helping us initially reduce the production time for forging tools from three months to three weeks.”

Using this software in the production environment, Maxiforja maintains complete control of revisions and approvals with a digitalized workflow. This allows for integration between different production areas and the use of the same database, enabling the whole company to work simultaneously in the same version of the project. Suris adds, "We initially made the decision to choose Siemens because we knew that the solutions were reliable and could fulfill the level of quality we were expecting.”

Maxiforja has implemented multiple software solutions as part of the Siemens digital innovation platform. Using Femap, Maxiforja simulates mechanical systems supplied to the agricultural industry. Maxiforja also uses NX for computer-aided design (CAD) in the maintenance and process engineering departments, and Line Designer, for civil engineering projects. Plant Simulation is also used by the company to assist in the expansion of its new machining and shipping building, which simulates machining cells and shipment processes, helping define the optimized flow and equipment for over 30,000 square meters of constructed area. Teamcenter serves as the digital backbone to the solution suite, and helps control versions, workflows and project schedules.

For the future, Maxiforja foresees growing the maintenance of investments in IT infrastructure and the expansion of digital manufacturing projects. According to Tomaz Petracco, forging manager at Maxiforja, "Thus far we have created basic conditions for the implementation of more sophisticated tools, such as adaptive and autonomous decision processes. Just as lean manufacturing represented more than waste prevention, Industry 4.0 will represent more than the connection of machinery and products. It will give us the opportunity to track factory events and make decisions in real time."

Siemens PLM Software, a business unit of the Siemens Digital Factory Division, is a leading global provider of software solutions to drive the digital transformation of industry, creating new opportunities for manufacturers to realize innovation. With headquarters in Plano, Texas, and over 140,000 customers worldwide, Siemens PLM Software works with companies of all sizes to transform the way ideas come to life, the way products are realized, and the way products and assets in operation are used and understood.

Source : Strategic Research Institute

voda 21 januari 2019 18:56

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Glut in Karnataka iron ore mines as imports surge – Report

Business Standard reported that stock of iron ore is piling up at the mines in Karnataka, despite constant reminders to various authorities by miners. The major reason is continuous imports. The miners have now approached the NITI Aayog, seeking intervention. Miners from Karnataka have urged the NITI Aayog to take measures and they referred the letter written by the state Chief Minister H D Kumaraswamy to the Prime Minister Narendra Modi, seeking intervention.

Chief Minister H D Kumaraswamy has written to the Prime Minister about the rising import of iron ore, and has sought an increase in basic customs duty on the mineral. The development comes amid an increase in import of iron ore in Karnataka, which has resulted in the current unsold inventory piling up to 5 million tonnes, with the total loss to the exchequer estimated at Rs 960 crore.

H M Khyum Ali, director of the Federation of Indian Mineral Industries (FIMI) – Southern Region, said that even as the financial year-end is approaching, there has been no improvement in the situation.

FIMI estimates that the mining industry, including government entities NMDC and MML, will not be able to produce or sell up to the permissible capacity given the pile-up in stock. Miners may have to resort to distress sale, consequently causing heavy loss to the industry and the state exchequer.

Source : Business Standard

voda 21 januari 2019 20:36

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Trump Trade War - US Court puts a break on a 25pct tariff

Donga reported that the US Court of International Trade put a break on imposing high tariff on Korean steel. This is going to greatly help domestic steel makers avoid tariff bombs. The court announced a court ruling of a lawsuit between Korean steel makers, such as Nexteel and Hyundai Steel and the US government, and ordered to adjust the tariff rate. The reason behind the ruling was that the “Particular Market Situation (PMS),” an anti-dumping investigation method, used by the US. Department of Commerce to impose tariff on Korean steel was not reasonable as it could not be applied to businesses in general.

It is the first time that Court of International Trade has put a limit on PMS application, and it is projected that this will be advantage for Korean businesses in similar lawsuits.

Source : DOnga

voda 21 januari 2019 20:37

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Harsco inks contract with JSW Steel to support JSW Dolvi plant

Harsco Corporation announced that its Metals & Minerals division has entered into a multiyear contract with JSW Steel, India's largest steel exporter, to provide a range of mill services. The 10-year agreement commences in September. Under the multiyear contract, Harsco will provide JSW Dolvi with on-site slag handling services including under-furnace digging, ladle wrecking, and hot slag transport. These services are directly linked to active steel production and critical for plant operations. Harsco has been providing these essential mill services for more than 100 years, operating today on more than 145 sites in 32 countries.

Harsco Metals & Minerals Chief Operating Officer Russ Mitchell said that "We are delighted to expand on our positive relationship with JSW. Our partnership has strengthened over the past several years, and we look forward to delivering continued value-added solutions and innovation to operations at the Dolvi site."

Mr Ratnaprasad Alturi, Senior Vice President, JSW Steel, Ltd said that "JSW would like to utilize the worldwide expertise of Harsco in handling hot slag for a safe and efficient operation at our Dolvi Maharashtra facility as we continually improve our steel production.”

Source : Strategic Research Institute

voda 21 januari 2019 20:38

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RINL VSP report minor mishap in Blast Furnace 3

One of the Tuyers of Blast Furnace-3 at Visakhapatnam Steel Plant burst at around 9 Am today, resulting in a minor fire mishap. No one suffered any injuries and no damage occurred to the equipment.

Fire was doused immediately and the Blast Furnace-3 was shut down safely for further inspection and subsequent restarting.

Source : Strategic Research Institute

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voda 21 januari 2019 20:38

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EC steel safeguards could aggravate supply chain - Assofermet

Assofermet, the Italian Association of Steel Traders and Distributors, one of Europe's leading industry associations, sees a "large risk" of surging steel prices harmful to European consumers and Europe's supply chain competitiveness, if the EU proceeds with its proposed steel import safeguards. Mr Riccardo Benso. Assofermet chairman and the CEO of Albasider said that "As we saw also in the US prices are likely to go up as a consequence of trade barriers, making it more expensive to produce steel locally, and consequently final products such as whrte goods and cars, as well as steel products for the construction sector. We do think that the duties that are already in place are enough.”

Mr Benso said that "The provision of more and more protectionist measures can only aggravate the competitiveness problems that already partly afflict our businesses.In the long term it can also accelerate the process of delocalization and further loss of competitiveness of some parts of our European industrial system. Much of the added value that characterizes the European industrial system lies precisely in the manufacturing industry chain in its entirety."

Assofermet has sent a letter to the European Commission explaining the association’s view that a country-quota system is not the right way to proceed, Benso said. According to the association, the use of "averages per country" corresponds in fact to a reduction of the available quotas, since in the first two years of the three years (2015-2017) taken into account. Russia and China still exported large volumes to Europe.

The EC notified the World Trade Organization on December 19 of its proposal to impose country-specific quotas for the biggest sources of imports, along with quarterly global quotas for each product for all other countries. The exception is for hot-rolled coil, which received a quarterly global quota. EC member states are expected to decide in coming days whether to keep the proposal as it is or make changes.

Source : Strategic Research Institute

Vertraagd	24 apr 2024 17:35
Koers	23,640
Verschil	+0,170 (+0,72%)
Hoog	23,950
Laag	23,550
Volume	2.185.626
Volume gemiddeld	2.461.865
Volume gisteren	3.800.729

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