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voda 1 maart 2017 20:25

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Arcelormittal to rehire some redundant workers in 2015-16
Published on Wed, 01 Mar 2017

All Africa reported that global steel giant ArcelorMittal will begin rehiring some of its staffs declared redundant in 2015/16 following the Ebola crisis which had severe impact on all companies here in July this year.

The company redundant over 400 staffs in 2015/16 on the heels of the Ebola outbreak here which affected the operations of companies in addition to a drop in the price of iron on the world market.

In a statement issued on February 24, 2017, following the signing of a third Collective Bargaining Agreement between the steel giant and its local workers union-the United Workers' Union of Liberia (UWULLocal #4, ArcelorMittal Workers), the company said among other things that it will begin re-hiring some of the redundant workers starting in the third quarter of 2017, while conducting a comprehensive job mapping to adjust salaries where they are inconsistent with the positions.

ArcelorMittal further stated that it will reinstate some benefits reduced to save jobs during the redundancies, beginning July 2017. It also added that it will continue a joint health and safety committee in addition to a monthly engagement between the Workers' Union and management, while a Peace Obligation binding the management and union will follow requisite procedures ensuring that all disputes are resolved internally, at the lowest levels.

The BCA is a document that governs all aspects of the company and its employees' relationship.

Signing on behalf of the Company, ArcelorMittal Liberia CEO Michel Prive spoke on the resilience of the workforce during Ebola and challenging market conditions. "The main element in my opinion is to recognize the contribution of our employees in this very difficult period," he stated. Lauding the CBA negotiation process, Prive said that "the CBA negotiation provides an opportunity for dialogue with our union towards improving mutual understanding on issues. Today, we can say that after some weeks of discussion, we have agreed to the terms of the CBA and the steps to go forward."

President of the ArcelorMittal Liberia Workers' Union, Oldpa Zogbay praised the CEO and management of ArcelorMittal Liberia, while also calling on workers to continue to cooperate with the management towards strengthening the organization. He said that "I am proud of ArcelorMittal Liberia's leadership under Michel Prive.”

Source : All Africa

voda 2 maart 2017 19:37

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Door hele drukke werkzaamheden, nu pas het dagelijkse nieuws.

Turkey steel import & export in January numbers

According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute and the Turkish Undersecretariat of Customs, in January this year the value of Turkey's iron and steel imports increased by 29.9 percent year on year totaling USD 1.13 billion. In the given month, iron and steel ranked in fourth place among the most imported products of the country in terms of value.

In January, the country's imports of articles of iron or steel, which ranked 13th among the products with the highest import value, amounted to $214.9 million in value, decreasing by 38.2 percent year on year.

In January, Turkey's iron and steel exports ranked fifth among the country's products with the highest export value, totaling $610.5 million, increasing by 47.2 percent year on year. Meanwhile, in the given month, the value of exports of articles of iron or steel, which ranked ninth among the products with the highest export value, increased by 11.3 percent year on year, amounting to USD 399.8 million.

Source : Steel Orbis

voda 2 maart 2017 19:39

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Work starts on GBP 27 million steel factory in Oldbury

expressandstar reported that work is underway on the first stage of a major new GBP 27 million factory in Oldbury. The GBP 27 million site will house state-of-the art steel processing equipment and create 50 jobs for Steel & Alloy Processing, which has its main site in West Bromwich. It was formerly Albright High School until 1983 and was owned by Sandwell Council previously. The new factory in Oldbury will eventually create around 150 jobs with another 100 workers expected to join the firm over the next two phases of the expansion

The company has its headquarters in West Bromwich and also has sites in Darlaston, Cannock and Smethwick, counting the likes of Jaguar, Vauxhall, Volkswagen and Volvo among its customers.

The expansion has been driven by a surge in demand for motor parts. The Popes Lane site has been brought forward by Midlands commercial developer TreborDevelopments, to create a scheme specifically designed for Steel & Alloy’s operations.

Representatives from Steel & Alloy’s parent company, Gonvarri Steel Services, travelled to Oldbury from Madrid to attend the ceremony to mark the start of construction.

Steel & Alloy and Trebor have selected Halesowen-based A&H Construction to deliver the building which is due to be operational in November.

Mark Cooper, managing director of Steel & Alloy Processing, said that “Our main facility in West Bromwich is at full capacity and this significant investment demonstrates the confidence that our parent company, Gonvarri Steel Services, has in the UK business. It will allow us to develop new processing technologies and materials to meet the ever increasing demands of the UK automotive industry and secure the company’s position as the leader in the field. It is great to have found a new site so close to our existing operations and we are grateful to both the council and the Department for International Trade for their support in getting us to this stage.”

Bob Tattrie, managing partner at Trebor Developments, added that “It is great to see work start on-site so swiftly after agreeing the deal with Steel & Alloy in the autumn and us taking the scheme through planning and site preparation with the support of the Black Country Local Enterprise Partnership. This is a high profile scheme for Sandwell and will be seen as a great vote of confidence for Midlands manufacturing.”

Source : Express and Star.com

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voda 2 maart 2017 19:40

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Ukraine trade blockade forcing steelmakers to buy coal from Russia – Groysman

unian.info reported that trade blockade in Donbas set up in late January is forcing Ukrainian companies to spend their currency earnings for coal imports from Russia, the country that launched military and economic aggression against Ukraine, Prime Minister Volodymyr Groysman said during a special meeting with steelmakers.

The prime minister reminded that in the case when coal is delivered from Ukrainian mines to metallurgical enterprises registered in Ukraine, the production process remains uninterrupted, whereas sales revenue remains in the Ukrainian budget and the enterprises as reinvestment. However, if the Ukrainian coal is not supplied to these companies, they are forced to buy fuel in order not to halt production, which is often very difficult to recover. There are few sources of coal imports, including from the US and Russia.

Mr Groysman said that "That is, the trade blockade is forcing us to buy coal from Russia. There is patriotism and there is pseudo-patriotism. The latter is now being imposed on us. Last year, we were all engaged in restoring economic growth and welfare of Ukrainians. But now someone is trying to drop us back.”

Earlier, Head of Ukrmetalurhprom association Oleksandr Kalenkov said that the blockade of coal supplies from Donbas might result in at least a $3.5 billion loss.

As UNIAN reported earlier, fighting in the eastern regions of Ukraine has caused a significant shortage of coal, primarily that of thermal anthracite produced in militant-controlled areas of Donetsk and Luhansk regions. Thus, the deficit of coal affects the operation of power plants, which have to reduce their capacity. In order to provide the smooth operation of the power grids, anthracite was imported from South Africa.

Source : unian.info

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voda 2 maart 2017 19:41

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Zimbabwe govt in drive to revive steel industry

Herald reported that Zimbabwe government has put in motion a comprehensive strategy to establish a robust steel making industry with discussions in progress for the resuscitation of ailing companies within the sub-sector. The strategy, crafted in line with Government's economic blueprint, the Zim-Asset, will see the development of a steel making industry in the country.

According to Zim-Asset, in the manufacturing sector, Government is committed to resuscitating distressed and closed companies with a view to increasing capacity utilisation to optimum levels, generating employment and substituting imports as well as building a sustainable basis for export led growth.

The resuscitation and growth of the manufacturing sector will be premised on the resumption of operations at Ziscosteel, Zimchem and Lancashire Steel. Growth will also be premised on the establishment of new iron and steel companies.

Minister Bimha said that "We have invited interested investors to look at the bigger picture of steel making. And we have had a number of companies who have expressed interest.”

Government is conducting due diligence on potential investors from China, India and Africa, but Minister Bimha did not disclose the identities of the parties saying the discussions are at a delicate stage.

Locally, Government is in discussion with suppliers of coke and associated by-products, including Hwange Colliery, to work out a scheme to supply raw materials to Zimchem Refiners which is expected to see the revival of the Kwekwe-based chemical manufacturing firm.

Source : Herald

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voda 2 maart 2017 19:43

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AISI applauds Confirmation of Wilbur Ross as secretary of commerce

Mr Thomas J Gibson, president and CEO of the American Iron and Steel Institute, reacted to the US Senate’s confirmation of Wilbur Ross as Secretary of Commerce this evening.

Source : Strategic Research Institute

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voda 2 maart 2017 19:44

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Minister of Steel to chair conference at Gangtok on enhancing steel consumption in India

Minister of Steel Chaudhary Birender Singh remarked that India needed to become a leader in innovative use of steel in India. He said that there was a huge scope, capability, resources and the manpower to do so.

"We have the scope, capability, resources and the manpower to do so, and such conferences would go a long way in increasing uptake of steel in the user segments," said the Minister.

In this concern, Mr Singh would also inaugurate and chair the proceedings of maiden regional conference of Eastern States, on the theme of 'Enhancing steel consumption in India' at Gangtok, Sikkim on March 02.

This will be first of the four regional conferences being planned across India. The delegates in the conference would deliberate on measures to increase steel demand, advantages of steel intensive construction and steel in high-rises, rural sector, bridges and other fields.

The delegates in the conference would include decision makers in projects in central and state Governments, architects, structural designers and consultants, project financers, contractors, fabricators, erectors, Faculties from Metallurgy, Mechanical and Civil Engineering departments, representatives from large infrastructure industry, steel/engineers/architect associations.

Source : Web India

voda 2 maart 2017 19:45

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Essar Steel Algoma workers give 98% strike mandate

CBC News that production workers represented by the United Steelworkers at Essar Steel Algoma in Sault Ste. Marie, Ont. have voted overwhelmingly in favour of strike action.

Employees voted 98 per cent in favour of a strike, should a new collective bargaining agreement between the union and the company not be reached.

The strike mandate vote was held Tuesday.

Union local president Mike Da Prat said workers have been without a contract since July 2016 and that working without a contract is no longer acceptable.

Union officials said the two sides will continue negotiating.

The union local represents more than 2,100 workers at the Sault Ste. Marie plant.

Source : CBC News

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voda 2 maart 2017 19:46

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CBSteel to build Mozambique coke facility to supply Brazilian steel industry

China’s CBSteel plans to invest USD 1.4 billion to build a facility in Nacala, Mozambique, to export coking coal to Brazil.

According to a media report, the China Brasil Xinnenghuan International Investment (CBSteel) signed a memorandum of understanding (MoU) in Maputo with the country’s Ministry of Industry and Commerce.

CBSteel’s chairman, Zhang Shengsheng, said the construction of the Nacala mill in the province of Nampula will be financed by the Chinese government and should take about one year to build.

CBSteel, which already announced plans to build a mill in the Brazilian state of Maranhao, expects to export 4 million mt of coal to Brazil from its Nacala facility.

Media reports said CBSteel commenced construction of the Brazilian mill in Maranhao state in December last year.

Source : SteelOrbis

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voda 2 maart 2017 19:47

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Ethiopia Steel start new product C purlins

Fortune reported that Ethiopia Steel PLC disclosed it has started producing a new product, C purlins. The new product is said to be used to support systems for of roofing and making cold rolled steel. The company is engaging in such production after investing 12 million Birr.

The company’s Ethiopia sales manager, Geoff Antony, explained that “We are going to expand with another factory in October. The steel industry in Ethiopia is lagging behind other African countries.”

According to Fortune, Ethiopia Steel is a member of Safal Group, which is the largest steel roofing manufacturer in Africa. It was in 1997 that the company started operating in Ethiopia by producing steel roofing products. It now has expanded to Gonder, Hawassa and the capital city.

Currently the company’s capital is 150 million Birr and it employees 130 people. It is now considering to increase its number of employees.

Source : Fortune

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voda 2 maart 2017 19:48

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Iran has huge gas reserves that boon to the domestic steel industry

Financial Express reported that Iran’s huge gas reserves have been a boon to the domestic steel industry. For years, Iranian steelmakers have relied on cheap gas feedstock to boost production using direct-reduced iron, believing Iran’s energy advantage compared to other global rivals is the key to higher value-added for the industry, both in steel production and raw material exports. Many experts, on the other hand, argue that by turning to other types of feedstock such as scrap iron, the industry can become more efficient and reduce its production costs, which will eventually lead to higher competitiveness.

According to Sefid Dasht Steel Complex Managing Director Mahmoud Arbabzadeh, steel production has the highest energy consumption rate among Iran’s mining sectors. He was quoted as saying by SMT Daily that “Close to 280 cubic meters of gas are needed to produce a ton of steel using DRI in electric arc furnaces.”

The industry player noted that close to 85% of Iranian steel are made using DRI.

He said that “The steel industry accounts for 4-5% of Iran’s gas consumption of 90 million cubic meters.”

Mr Arbabzadeh believes the mills’ consumption rate is insignificant and can actually use even more to create higher added-value for the industry.

Echoing the same sentiments, Mohammad Reza Bani-Asadi, the head of Sobh Parsian Steel Industries Group, said gas procurement accounts for about 25% of DRI production costs. He said that “We are currently having trouble exporting gas. The lingering sanctions are still impeding the process and pipelines required for exports to Pakistan and other regional countries are not ready yet. Therefore, boosting gas consumption in industries to make higher value-added goods is reasonable.”

Mr Bahador Ahramian, a member of Iranian Steel Producers Association, believes that Iran is having trouble using its vast gas reserves efficiently, as neighboring countries are reluctant to purchase gas from Iran at market prices and demand discounts, or are unable to pay.

Source : Financial Tribune

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voda 2 maart 2017 19:49

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Ternium to invest in new Galvanizing and Pre-Painting Lines in Mexico

Ternium SA announced its plans to build a hot-dip galvanizing line and a pre-painting line in its facility in Pesquería, Mexico. The new lines will target Mexico’s industrial markets, deepening the company’s import substitution strategy.

Source : Strategic Research Institute

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voda 2 maart 2017 19:50

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JSW Steel offers to buy stake in Monnet Ispat - Report

PTI reported that JSW Steel has made an offer to buy a controlling stake in Monnet Ispat and Energy Ltd through the strategic debt restructuring (SDR) route.

The firm is undergoing SDR and lenders, who own a 51% stake, are exploring the option of handing over its control and management to outside investors.

A person close to the development said, “JSW Steel has put in final bid and the bankers are considering the offer submitted by JSW Steel. It is the only firm which submitted the final bid. The bid was submitted on February 22.”

Queries sent to the companies remained unanswered. The company had earlier said talks with the investor are confined to lenders and the management is not involved at this stage.

Source : PTI

voda 2 maart 2017 19:51

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US DOC finds dumping in imports of rebars from Japan, Taiwan and Turkey

On March 1, 2017, the Department of Commerce (Commerce) announced its affirmative preliminary determinations in the antidumping duty (AD) investigations of imports of steel concrete reinforcing bar from Japan, Taiwan, and Turkey.

Source : Strategic Research Institute

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voda 2 maart 2017 19:52

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Ms Soma Mondal assumes charge as SAIL’s Director (Commercial)

Ms. Soma Mondal has taken charge as Director (Commercial) of Steel Authority of India Limited (SAIL). Ms. Mondal is the first ever woman functional Director on the Company’s board. Prior to this, she was the Director (Commercial), NALCO, Bhubaneswar. At NALCO also, she had the distinction of being the first woman functional Director.

Source : Strategic Research Institute

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voda 2 maart 2017 19:54

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500000 more jobs to go in steel and coal sector in China - Minister

AFP reported that China will cut 500,000 jobs in the steel and coal industries this year as it continues to trim excess capacity in the smokestack sectors amid a slowing economy. Minister of Human Resources Yin Weimin said in Beijing the laid-off workers will enter a job placement program or be offered early retirement.

The government last year announced plans to eliminate a total of 1.8 million steel and coal jobs. It cut about 726,000 such positions in 2016.

Yin said of last year's cuts "The whole process was smooth and orderly. There were no major conflicts or issues."

Source : AGENCE FRANCE-PRESSE

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voda 2 maart 2017 20:00

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Indian steel ministry to make India made steel use a must in govt projects

Financial Express reported that steel ministry will soon seek the Cabinet’s approval for a proposal to make the use of India-made steel mandatory for government-funded and related projects. Sources in the ministry said the proposal that, curiously, echoes Donald Trump’s “use-only US steel”, also has the support of the Prime Minister’s Office.

Analysts said that the move would not only help consumption of domestically produced steel to grow faster, but would also further rein in imports. The government had in the recent past taken a slew of measures to protect the domestic industry from low-priced imports mainly from China, Japan, South Korea and other countries.

Ministry sources said around 20% of domestic steel is consumed by government agencies, PSUs and projects funded by the government at present. India had consumed 81.52 million tonnes of steel last fiscal, clocking a growth of 5.9% over the previous fiscal. During April to January of the current fiscal, consumption grew 3.5% to 68.89 mt.

The move, however, may not find favour among user industries as they fear the domestic steel industry might take advantage of the situation and jack up prices, which could prove to be counterproductive. In order to make the new policy a win-win for all, the steel industry will have to ensure not just quality products but also make sure that infrastructure firms get them at affordable prices. Steel falls in the deregulated sector in India.

Source : Financial Express

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[verwijderd] 2 maart 2017 23:50

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quote:
voda schreef op 2 maart 2017 19:54:
500000 more jobs to go in steel and coal sector in China - Minister

AFP reported that China will cut 500,000 jobs in the steel and coal industries this year as it continues to trim excess capacity in the smokestack sectors amid a slowing economy. Minister of Human Resources Yin Weimin said in Beijing the laid-off workers will enter a job placement program or be offered early retirement.

The government last year announced plans to eliminate a total of 1.8 million steel and coal jobs. It cut about 726,000 such positions in 2016.

Yin said of last year's cuts "The whole process was smooth and orderly. There were no major conflicts or issues."

Source : AGENCE FRANCE-PRESSE

AB voor het nieuws, Voda

Ik juig de 500.000 werkelozen niet toe, maar het is een goed teken dat er een einde komt aan het overmatig produceren m.b.v. sterk vervuilende fabrieken.

Groeten,

Ozzy

rokkefelow 3 maart 2017 08:46

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futurism.com/mit-accidentally-discove...

Kan dit voor kostenbesparing zorgen in de toekomst ?

voda 3 maart 2017 16:18

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Trinecke zelezarny VUHZ modernising special profiles rolling mill

Recently, VUHZ as a subsidiary company of Trinecke zelezarny, has started to modernise the rolling mill of special profiles. Investments will amount to CZK 83 million and it is predicted to increase mill capacity by fifty percent.

Source : Strategic Research Institute

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Vertraagd	19 apr 2024 17:35
Koers	23,830
Verschil	+0,030 (+0,13%)
Hoog	23,880
Laag	23,440
Volume	2.845.773
Volume gemiddeld	2.432.086
Volume gisteren	2.676.573

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