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Enterprise SOP-SMP Application System Launched at RINL VSP

Rashtriya Ispat Nigam’s IT&ERP Department and Technical Training Institute has developed & launched Standard Operating Procedure--Standard Maintenance Procedure Enterprise Application System. The new system helps in digitizing of SOPs and SMPs of all the equipment of all the departments so that these can be tracked and referred online as per the requirement. The Application shows the standard operating procedure and standard maintenance procedure of all the equipment in the form Job Card and Control Document, Safe Working Procedure Details, Isolation Procedure Details and Job Procedure Details. The Application has facility of Uploading as well as Downloading of SOP/SMPs and MIS Reports. Users from all the department can generate SMPs and SOPs on-line. The data gets stored safely in a well structured manner in centralized database which can be viewed, edited, uploaded, downloaded anytime, anywhere in the plant by anybody having access to it.

The application has been developed by Mr A P Sahu and Mr VLP Lal of IT&ERP in collaboration with a team from Technical Training Institute of VSP. System facilitates to maintain softcopy of standard procedures/practices.

Source : Strategic Research Institute
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Kone Hired Hengeler Mueller for Thyssenkrupp Elevator Deal - Report

Reuters quoted two people familiar with the matter as saying that Finland’s Kone has hired German law firm Hengeler Mueller to advise it on a planned takeover bid for Thyssenkrupp’s elevator division. The move underscores Kone’s strategic interest in the business, which analysts say could be worth as much as 17 billion euros and which Thyssenkrupp has put up for sale as part of a broader restructuring.

Thyssenkrupp Chief Executive Guido Kerkhoff will likely inform his company’s supervisory board about initial expressions of interest for Elevator Technology during a meeting on Wednesday

Thyssenkrupp asked for initial offers last week as plans for a partial listing of the unit seems increasingly unlikely. It is being advised by , which sources say is advised by Goldman Sachs, JP Morgan, Deutsch Bank and Linklaters, separate sources said.

Source : Reuters
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Malaysia Imposes Anti Dumping Duties on Vietnamese CR Steel

Malaysia has imposed temporary anti-dumping duties of 3.70 to 20.13% on cold rolled and non-alloy steel imported from Vietnam. They will apply for 120 days, starting retrospectively from August 26, according to the Department of Trade Remedies under the Ministry of Industry and Trade. The decision follows a recent investigation by Malaysia’s Ministry of International Trade and Industry of steel imports from four countries, Vietnam, China, Japan, and South Korea, for dumping. It has also slapped preliminary duties of 3.98 to 26.38% on China, 26.39% on Japan and 0-3.84% on South Korea, the department said. It said that Vietnamese producers have the right to complain about the decision to Malaysia before September 13.

The department added that Indonesia has also commenced a dumping investigation into imports of cold-rolled galvanized steel products from Vietnam and China.

Vietnamese steel products have also attracted dumping investigations by Malaysia and Thailand and two by India since the beginning of this year.

Source : Vietnam Express
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NW Indiana Water Treatment Plant Shut after Steel Mill Spill

CBS reported that there was a second spill into the water in northwest Indiana, this one by US Steel. US Steel told CBS 2 they noticed an “oil sheen” on the water at their Midwest plants, which dumps into Burns Ditch. To be on the safe side, the Indiana American Water Company shut down its Ogden Dunes Treatment facility in Portage, Indiana.

Indiana American Water uses water from two Lake Michigan intakes in northwest Indiana.

They said that the spill hasn’t impacted the water and they’re keeping an eye on things, with constant testing.

Source : CBS Local
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ArcelorMittal mulls construction business sale - Bloomberg

Sep. 10, 2019 2:51 PM ET|About: ArcelorMittal (MT)|By: Carl Surran, SA News Editor

ArcelorMittal (MT +5.1%) is exploring a sale of a downstream construction business in a deal that could fetch at least €700M ($773M), Bloomberg reports.

An auction of the division likely would will kick off in Q4 and could attract interest from producers of building materials as well as private equity firms, according to the report.

MT said last month that it has the potential to "unlock" $2B from its portfolio over the next two years, signaling plans to sell non-core units.
============================================================================

ArcelorMittal to Explore Sale of Construction Business

(Bloomberg) -- ArcelorMittal, the world’s biggest steelmaker, is exploring a sale of a downstream construction business as it divests peripheral operations, people familiar with the matter said.

The company is working with advisers to prepare an auction of the division, which makes products including roof paneling, according to the people. The business could fetch about 700 million euros ($771 million) to 800 million euros, the people said, asking not to be identified because the discussions are private.

A sale is likely to kick off in the fourth quarter and could attract interest from both building materials producers and private equity firms, one of the people said. ArcelorMittal jumped as much as 3.3% in Amsterdam on Wednesday, touching the highest since July.

The company announced in August it has the potential to “unlock” $2 billion from its portfolio in the next two years, signaling plans to sell non-core units. Its billionaire chief executive officer, Lakshmi Mittal, said last month that steel demand could be even weaker than previously expected while profits are being hurt by lower prices and higher raw material costs.

A representative for ArcelorMittal declined to comment.

The plan to sell a non-core asset is positive as it “shows renewed focus on reducing net debt to target levels,” said Christian Georges, an analyst at Societe Generale SA. Investors are watching the metric closely because the company has said it would increase dividends after meeting a target for net borrowings of $7 billion, down from $10.2 billion it had as of end-June.

The company said last month it would “prioritize deleveraging,” even amid challenging steel market conditions.

(Updates with share move in third paragraph, analyst comment in penultimate paragraph.)

To contact the reporters on this story: Aaron Kirchfeld in London at akirchfeld@bloomberg.net;Dinesh Nair in London at dnair5@bloomberg.net;Elena Mazneva in Moscow at emazneva@bloomberg.net

To contact the editors responsible for this story: Ben Scent at bscent@bloomberg.net, ;Lynn Thomasson at lthomasson@bloomberg.net, Nicholas Larkin, Megan Durisin

For more articles like this, please visit us at bloomberg.com

©2019 Bloomberg L.P.

finance.yahoo.com/news/arcelormittal-...
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AISI Update on Raw Steel Production in US in Week 36

In the week ending on September 7, 2019, domestic raw steel production was 1,835,000 net tons while the capability utilization rate was 78.8 percent. Production was 1,866,000 net tons in the week ending September 7, 2018 while the capability utilization then was 79.6 percent. The current week production represents a 1.7 percent decrease from the same period in the previous year. Production for the week ending September 7, 2019 is down 0.8 percent from the previous week ending August 31, 2019 when production was 1,850,000 net tons and the rate of capability utilization was 79.5 percent.

Adjusted year-to-date production through September 7, 2019 was 67,148,000 net tons, at a capability utilization rate of 80.8 percent. That is up 4.0 percent from the 64,589,000 net tons during the same period last year, when the capability utilization rate was 77.5 percent.

Broken down by districts, here's production for the week ending September 7, 2019 in thousands of net tons: North East: 214; Great Lakes: 686; Midwest: 190; Southern: 672 and Western: 73 for a total of 1835.

Source : Strategic Research Institute
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US Steel Shipments in July up 5.1% MoM – AISIl

The American Iron and Steel Institute reported that for the month of July 2019, U.S. steel mills shipped 8,115,103 net tons, a 5.1 percent increase from the 7,718,499 net tons shipped in the previous month, June 2019, and a 2.6 percent increase from the 7,911,228 net tons shipped in July 2018. Shipments year-to-date in 2019 are 56,338,348 net tons, a 2.0 percent increase vs. 2018 shipments of 55,215,285 net tons for seven months.

A comparison of July shipments to the previous month of June shows the following changes: cold rolled sheets, up 9 percent, hot rolled sheets, up 6 percent, and hot dipped galvanized sheets and strip, no change.

Source : Strategic Research Institute
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JSW Steel to Seek Immunity from BPSL Fraud Deals - Mr Jindal

Economic Times reported that JSW Steel chairman Mr Sajjan Jindal said his company will approach a higher court to seek immunity against claims arising from alleged money laundering frauds at Bhushan Power and Steel. He told ET “We want a neat and clean company, and we don’t want any confusion. We as a resolution applicant had offered this value under certain conditions. The NCLT order has modified the plan in ways that can have an impact on the viability of the plan. We will go for judicial intervention to make sure our conditions are approved.”

Mr Jindal said the company will either seek clarifications from the NCLT or challenge the order in the appellate tribunal and that the company will file an appeal before the end of next week.

There are two clauses in the NCLT September 5 order that have not gone down well with the steelmaker.

First, the court has refused to grant JSW Steel immunity from claims arising from money laundering frauds reported by Punjab National Bank and Allahabad Bank in the last few months. A total of more than Rs 5,580 crore worth of loans taken by the company have been declared fraudulent by the two banks collectively. The Delhi High Court’s April ruling held the money-laundering law above the bankruptcy law. So, JSW Steel is worried that the assets of the acquired company may get attached as proceeds of crime, which will affect its health after JSW Steel has taken it over.

Second, profits generated by the company during the insolvency process that could have been used as working capital by JSW Steel have been ordered to be distributed among the financial creditors on a pro rata basis.

Source : Economic Times
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Nippon Steel Suspends One BOF at Kimitsu Steel Works after Typhoon Damage

Reuters reported that Nippon Steel Corp said that one of two basic-oxygen furnaces at Kimitsu Steel Works in Chiba prefecture east of Tokyo had halted operations since Monday after a chimney that discharges gas collapsed due to a typhoon. A spokeswoman at Nippon Steel said that “We are still investigating the damage and we don’t know how long it will take to repair the chimney and resume operations."

One of the strongest typhoons to hit eastern Japan in recent years struck just east of Tokyo on Monday, killing one woman, with record-breaking winds and stinging rain damaging buildings and disrupting transport.

Source : Reuters
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JSW Steel’s Crude Steel Production in August down by 13% YoY

JSW Steel has recorded a 13% drop in crude steel production in August 2019. JSW Steel informed BSE that crude steel production for August 2019 was at 1.25 million tonnes as compared to 1.45 million tonnes in the same period last year. Production of flat rolled products saw a decline of 13 per cent to 851,000 tonnes, while long rolled products dropped by 5% to 291,000 tonnes. JSW Steel said that the production was lower due to a planned shutdown at Vijaynagar works and severe monsoon impact at Dolvi works.

In July, JSW Steel had clocked crude steel production of 1.32 million tonnes, down by four per cent on a year on year basis.

Source : Strategic Research Institute
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SCHMOLZ + BICKENBACH Adjusts Guidance for Fiscal Year 2019

A global leader in special long steel SCHMOLZ + BICKENBACH lowered its earnings forecast for the 2019 financial year on the basis of the preliminary figures for the first eight months of 2019 available at the end of August. The company is now forecasting adjusted EBITDA of between EUR 70 million and EUR 100 million. Demand for steel weakened further during the third quarter due to political uncertainties and escalating trade conflicts. The order backlog continued to decline, as subdued demand from automotive was aggravated by softening orders from mechanical engineering. This is triggering a more pessimistic outlook. Subsequent to the deteriorated results and outlook, SCHMOLZ + BICKENBACH is reviewing the value-in-use of its operating assets.

SCHMOLZ + BICKENBACH continues to decisively counteract to the adverse market development and to minimize the impacts on the company. The operating improvement and cash preservation measures will be intensified.

Source : Strategic Research Institute
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British Steel CEO Mr Gerald Reichmann Leaving

The Business Insider reported that Official Receiver of British Steel has confirmed that CEO Mr Gerald Reichmann is leaving to take up a new external role in a different sector. As per report “It had already been agreed with Reichmann that having assisted with getting British Steel into a stable position and identifying a preferred buyer with whom the Official Receiver is now in exclusive talks, this would be the appropriate time for him to leave the business.”

A spokesman for the Official Receiver said “We are assisting the preferred bidder for British Steel to complete their due diligence and confirm its sale. The departure of the Chief Executive does not impact upon this process.”

Mr Reichmann was appointed CEO of British Steel in April of this year. He first joined the company in 2017 and previously served as its Chief Financial Officer and Deputy CEO.

Source : The Business Insider
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Tata Metaliks's Second Blast Furnace to Undergo Shutdown

Tata Metaliks Ltd has announced that the second blast furnace and its associated facilities in Kharagpur will undergo a planned shutdown, for maintenance and overhauling from September 12, 2019 at 10.00 AM. The operations are expected to be back on stream from September 16, 2019 at 10.00 PM.

Source : Strategic Research Institute
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Celsa UK Admits Safety Failures over 2 Deaths at Cardiff Steelworks in 2015

The Guardian reported that a steel company Celsa Manufacturing UK, which has admitted health and safety failures over the deaths of two workers who were killed in an explosion at a plant in Cardiff, could be fined up to GBP 1.5 million. Celsa Manufacturing UK entered the plea on Wednesday, the day their trial was due to start at Cardiff crown court. Judge Neil Bidder told the court an automatic shut-off failed to activate after hot oil used to lubricate steel rollers surpassed normal temperatures. Workers did not manually shut down the system because an alarm that would have notified them of the danger had also malfunctioned.

The judge said “The oil ignited and reached flash point … it caused a terrible explosion. The company has pleaded guilty to having failed to make suitable risk assessments. Had they made the assessments this accident would not have occurred. Two men were tragically killed. They went out to work one day and never came back, and another man was very seriously injured.”

Judge Bidder said the size of a fine would depend on the category of the offence, but it would be between GBP 130,000 and GBP 1.5 million, with a sentencing hearing scheduled for 4 October.

Engineers Peter O’Brien and Mark Sim died when a blast ripped through the Celsa Manufacturing plant. Another man was seriously injured in the explosion at the plant, in the Splott area, in November 2015.

Celsa UK employs more than 500 people and produces 1.2 million tonnes of steel each year from scrap. Its parent company, Celsa Group, is one of the largest steel companies in Europe with bases in Spain, Poland, Norway and France.

Source : The Guardian
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Rathi Steel Sambhalpur Staff Lock up DLC Office

The Pioneer reported that the old employees of Rathi Steels locked up the office of the Deputy Labour Commissioner in Sambhalpur when the pre-fixed tripartite meeting could not be held in the stipulated time. The employees, the labour leaders and even local MLA Nauri Naik got infuriated when the company authorities didn’t turn up on Saturday afternoon as per the stipulated date and time.

The steel company established at the other end of river Mahanadi was closed in the year 2012 and the employees of all ranks turned jobless all on a sudden. But the company authorities are now making the renovation work after seven year to run it again. They have approached the District Labour Officer and the Deputy Labour Commissioner to take necessary step with the management so that the old employees can get back their jobs.

Source : The Pioneer
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Philippines Probing Steel Rollers for Billet Imports

Manila Times reported that Philippines Presidential Anti-Corruption Commission has launched an investigation into the allegations of corruption against several big steel manufacturers and officials of the Bureau of Customs involving the smuggling of steel that has deprived the government of billions of pesos in tax revenues. PACC Chairman Dante Jimenez said his office has brought the matter to the attention of Trade Secretary Ramon Lopez as they are the agency that facilitates the trading of steel. He said “Aside from the smuggling allegations, there are also questions regarding the quality of steel. How this affects safety and the lives of people. These are all the subject of an ongoing investigation by the PACC.”

The President has reportedly been informed of the tax evasion case being prepared by the PACC and the Department of Trade and Industry against the BoC and leading steel makers in the country.

Big steel importers, allegedly in collusion with BoC officials, are suspected to have manipulated the Harmonized System codes, the universal codes for export and import goods. The steelmakers have been describing the imports of cast and prime steel billets used for steel manufacturing as Grade 60 when in fact, the orders under the same code are a mix of Grade 40 (5sp) and Grade 33 (3sp). This allowed them to allegedly mis declare the imported billets at a lower value. According to industry sources, the commission obtained documents detailing how the country’s largest steelmaker imported 2 million tonnes of steel billets last year.

Source : Manila Times
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Steel Industry Emission Management Practices - worldsteel

The steel industry recognizes the importance of the issues surrounding emissions to air and their impact on ambient air quality, human health and the environment. For decades, the steel industry has taken measures to address these issues, thereby significantly and demonstrably reducing emissions per tonne of steel. Steel, whether produced via the integrated, direct reduced iron or electric arc furnace route, requires the transport, storage, handling, heating and transformation of raw materials. All these processes have the potential to generate emissions to air, primarily in the form of dust (or particulate matter (PM), sulphur dioxide and nitrous oxides. Other emissions generated in small quantities include dioxins and heavy metals, typically attached to dust particles. Today, all steel plants are subject to environmental regulation, which set requirements to restrict emissions to air. This regulatory framework is translated into an environmental permit (or licence to operate), which establishes plant-specific Emission Limit Values covering the primary emissions to air, dust, SO2, and NOx, and in most cases other emissions.

The environmental permit also sets monitoring requirements and it is common for steel plants to have additional requirements within the permit, such as maximum production capacity, emission ceilings for specific emissions, taxes or fees on emissions or specific reduction targets.

Source : Strategic Research Institute
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New Open-Die Forging Press from SMS Group in Operation at Western Superconducting

Western Superconducting Technologies Co Ltd in Xian in Shaanxi Province of China has successfully put into service a 63/80-MN two-column high-speed push-down open-die forging press supplied by SMS group. The supply also included two integrated railbound 25-ton manipulators and a mobile eight-ton loading and unloading manipulator. The Chinese company is now able to flexibly manufacture various high-quality products for its customers from the aerospace industry, for example. The new high-speed press forges extremely precisely and reliably, with a maximum press force of 63 MN and an upsetting force of 80 MN. Thanks to the advanced hydraulic and control systems installed, the new open-die forging press forges highly demanding and temperature-sensitive materials such as titanium and titanium alloys in a technologically perfect way. The two integrated railbound forging manipulators handle the forgings weighing up to 25 tons accurately to the millimeter and perfectly synchronously with the press stroke, even at very high stroke rates. The double rail-bound manipulators enable WST to boost their throughout of forgings.

Mr Changhu Peng, Vice General Manager of Western Superconducting Technologies said that “SMS group has fulfilled our expectations in all respects: in terms of technology, deadlines, quality and solution competence. The new open-die forging press produces excellent titanium products, enabling our company to make a valuable contribution to the progress of the Chinese aerospace industry."

Source : Strategic Research Institute
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Mr Connor McMenamin is new President of Chemcoaters Steel Service Center

NWI Times reported that anew president has been named at Gary based Chemcoaters. It hired Mr Connor McMenamin, who most recently headed up Tata Steel's operations in Mexico. He also worked in sales and account management for India based multinational steelmaker. A University of Illinois alumnus, McManamin is fluent in Spanish, Portuguese, Arabic and French. In his new role, he's been charged with providing strategic leadership to establish long-term goals and strategies while monitoring the company’s ongoing performance.

Founded in 2001, Chemcoaters operates an 80,000-square-foot facility in downtown Gary, where it runs a coil processing line and develops products like InterCoat ChemGuard that lengthen the life of steel products. The company operates a 72-inch-wide line that can handle up to 72,000 pound coils ranging in thickness from 0.008 inches to 0.125 inches, which it bills as "one of the largest capacity lines in the world."

Source : NWI Times
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NLMK Stoilensky Expands Ore Processing & Transportation Capacity

NLMK Group’s Stoilensky has began construction of a Stage 3 of its thickening unit a hydro technical facility that dewaters the slurry and thickens the solids, before transporting them to dedicated tailing pits. The separated water is recycled and returned into the process. This project will enable Stoilensky to fully switch to a more efficient system of processing, transporting, and storing waste ore after beneficiation. The new thickening unit will also ensure the stability of beneficiation operations as production is ramped up in 2021. At the same time, specific water consumption and the tailings area will be reduced multifold.

Stage 3 of the project includes the construction of a radial thickener, the assembly of slurry pipelines, and over ground process water piping, the installation of new pumps and other equipment in the pump station, and the deployment of additional networks for communication, power supply and data exchange, and an automated process control system.

Investment into Stage 3 of the thickening unit construction will total RUB 1.5 billion.

Source : Strategic Research Institute
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