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voda 14 oktober 2019 16:19

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PMLA Court Orders Attachment of Bhushan Power & Steel Limited Assets

Prevention of Money Laundering Act court has ordered provisional attachment of the Bhushan Power and Steel Limited's properties worth INR 4,025 crore by the Enforcement Directorate. The properties to be attached include land, buildings and machinery of Bhushan Power and Steel's plant in Sambalpur district of Odisha. The property has been attached for 180 days and until further order of the PMLA office, it cannot be disposed off, transferred or dealt with in any manner. Passing the order of attachment, the additional director, PMLA office, argued that if the property is not attached then the same could change hands creating a bona fide third party interest in any other proceedings creating difficulties in retrieving the same in future.

The attachment order came after two banks, Punjab National Bank and Allahabad Bank, had earlier accused the ex-promoters and directors of Bhushan Power and Steel of fraudulently availing loans worth over INR 5,500 crore.

Reacting to the development, Mr Seshagiri Rao, Joint Managing Director, JSW Steel & Group CFO, said it vindicates the JSW Steel stand of seeking immunity from attachment of properties of a corporate debtor. He said “It vindicates JSW Steel stand of seeking immunity from attachment of properties of corporate debtor BPSL. This may happen even in cases where the control is changed under IBC.”

The Ministry of Corporate Affairs is of the view that once the corporate insolvency resolution process is completed against an insolvent firm, there cannot be any attachment or confiscation of its assets by enforcement agencies. MCA said “Provision of the Insolvency and Bankruptcy Code (Amendment) Act, 2019 makes it amply clear that a resolution plan is binding on the central government and all statutory authorities.”

Source : Strategic Research Institute

voda 14 oktober 2019 16:20

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Egypt Imposes Tariff on Import of Billets & Steel Rebar

Egypt’s Ministry of Trade and Industry announced it will impose temporary import fees of 16% on iron billets and 25% on steel rebar for three years. The ministry said that its investigation had concluded that a rise in imports was hurting the local industry, thus it re-implemented the tariff, which took effect on Saturday.

Since the beginning of this year, Egypt’s iron industry has been subjected to a legal battle started by integrated steel plants and hot rolled steel manufacturers after the Ministry of Trade and Industry issued a resolution in April, imposing a temporary import tariff of 15% on iron billets and 25% on steel rebar, set for 180 days ending in October. The crisis dates back to November 2018 after the ministry received a complaint from local steel manufacturers. It called on the government to implement anti-dumping measures, in the wake of the global oversupply of billets, due to the tariffs imposed by US President Donald Trump on iron and steel products. The ministry’s decision was challenged by hot rolled steel manufacturers, who resorted to the administrative court, which overturned the decision. In turn, the factories challenged the verdict, but they were rejected and resorted to the Supreme Administrative Court, which has rejected all pending appeals to bring back a 15% import duty on iron billets. However, the ministry appealed the decision and a higher court has yet to rule.

Source : Strategic Research Institute

voda 14 oktober 2019 16:20

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Steel Transportation Costs Spike after Wuxi Bridge Accident

The cost for steel transport in the city of Wuxi, Jiangsu province rose sharply after a highway bridge collapsed on Thursday October 10. 3 people have been killed and another two have been injured after a highway bridge collapsed during rush hours in eastern China. The flyover in Wuxi fell apart when cars and trucks were driving on and underneath it, footage released by state media shows. The major overpass gave way after a lorry carrying more than 170 tonnes of steel had driven onto it.

Three cars and two trucks were driving on the bridge when it crumbled all of sudden. Another three cars were underneath the structure and were crushed by the debris

Official investigation is under way.

The accident in Wuxi was caused by a truck which was heavily overloaded with steel coils,and that prompted Wuxi to launch a campaign to rectify overloaded vehicles across the region.

Wuxi is the largest stainless steel distribution centre in east China.

Source : Strategic Research Institute

voda 14 oktober 2019 16:23

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JSW Steel Produced 8 Million Tonne Crude Steel in H1

JSW Steel reported 3.84 million tonnes crude steel production in Q2 FY 2019-20. The production 8% YoY was lower due to prolonged severe monsoon in general and fall in demand from auto sector in particular. The crude steel production in H1 of 2019-20 was 8.08 million tonnes down by 3 YoY.

Voor cijfers, zie pdf.

Source : Strategic Research Institute

Bijlage:

voda 14 oktober 2019 16:37

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EU Opens Anti Dumping Probe On China & Indonesia Hot Rolled Steel

The European Commission has opened an anti-dumping probe into hot-rolled stainless steel from China and Indonesia following complaints that the two Asian nations are flooding the European market with cheap, subsidized steel. The Commission said that “Provisional measures should be imposed to prevent further injury being caused to the Union industry by the dumped imports.” The Commission said in its Official Journal that China’s market share in the bloc has last year doubled compared with 2015.

European industry accuses China and Indonesia of channeling government funds and offering other benefits to local steelmakers to export to Europe and win a greater share of the market.

If allowed to continue, cheap Chinese and Indonesian hot-rolled stainless steel means “further injury will crystallize from this situation of volume and price pressure,” the Official Journal said.

The accusations against China in particular are part of broader trade tensions with the European Union, which accuses Beijing of breaking World Trade Organization rules.

Source : Strategic Research Institute

voda 14 oktober 2019 16:37

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BPSL CoC Seek NCLAT Order for Execution of JSW Resolution Plan

Financial Express reported that lenders to Bhushan Power and Steel have urged the National Company Law Appellate Tribunal to direct the highest bidder JSW Steel to implement the corporate insolvency resolution plan without further delay. Banks and financial institutions also want JSW Steel to pay a minimum 8.25% interest on their INR 19,350 crore due from October 4, one month from the date JSW Steel’s plan was approved, till the plan is implemented. They have also claimed their share of the profits earned by BPSL during the CIRP period that started on July 26, 2017.

Lenders have urged the appellate tribunal to listen to JSW’s prayer of providing protection against attachment or confiscation of assets of BPSL under Prevention of Money Laundering Act. They wrote “The CoC submits that it fully supports the grant of protective orders sought by JSW Steel against attachment of assets of BPSL under PMLA. It is submitted that such a protective order would be corollary of the IBC process, by which genuine third party resolution applicants under the order of a tribunal, acquire and re-organise insolvent companies for continuation as financially solvent going concerns.”

JSW Steel has offered to pay INR 19,350 crore to financial creditors and INT 350 crore to operational creditors in its bid that was approved by the National Company Law Tribunal on September 5.

Source : Financial Express

voda 14 oktober 2019 16:38

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Corinth Pipeworks to Supply 32” Pipes to ICGB for Gas Interconnector Greece-Bulgaria Pipeline

Corinth Pipeworks announced that the project company ICGB AD finalized the public procurement for the line pipes manufacture and supply for construction of the Gas Interconnector Greece-Bulgaria. The 187km line pipe supply contract will be executed for a period of twelve months, as the first deliveries will be realized within four months of starting the contract. Extremely high manufacture performance criteria, including pipe quality assurance measures, are in place to ensure that the gas pipeline meets the highest safety standards and good engineering practices. The total fixed price of the line pipe supply is EUR 58.2. The 32" (812mm) diameter steel line pipes will be manufactured during 2019/2020 in Corinth Pipeworks' factory in Thisvi, Greece. The scope of supply also includes external 3LPE anti-corrosion coating and internal liquid epoxy lining, applied at the same location as pipe manufacturing.

The development, financing and construction of the IGB pipeline is under the responsibility of the joint venture company ICGB AD, which will be the owner of the pipeline. ICGB AD was incorporated in January 2011 by Bulgarian Energy Holding EAD and IGI Poseidon S.A. (50% DEPA and 50% Edison) under the Bulgarian Law, with each shareholder owning 50%

ICGB Project is co-financed by the European Energy Programme for Recovery.

Source : Strategic Research Institute

voda 14 oktober 2019 16:38

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Scrap Demand in ASEAN Countries in 2018 - SEAISI

ASEAN-6’s scrap demand increased moderately, by 7% YoY to 28.6 million tonnes in 2018. The volume was somewhat lower than the semi-finished steel production in the region, at 34.3 million tonnes. This was because there was more use of iron products in the steelmaking process in 2018. Iron product demand increased significantly, almost doubled in volume of the demand in 2017. Among the six countries in ASEAN, Vietnam’s scrap demand registered the highest volume of 9.4 million tonnes, an increase of 6.5% YoY in 2018. Domestic supply of scrap dropped 4.5% YoY to 4.4 million tonnes while import rose significantly, by 15% YoY to 5.07 million tonnes in 2018. Export volume dropped by more than half to 86,400 tonnes in 2018.

The second largest scrap demand ASEAN-6 countries was Indonesia, with total volume of 6.3 million tonnes, a double digit increase of 19% YoY. This is to serve growing production of semi-finished steel. Domestic supply for scrap in Indonesia rose 10.6% YoY to 3.87 million tonnes while import rose significantly, by 33.8% YoY to 2.5 million tonnes in 2018. Export, on the other hand, declined 4% YoY to 67,063 tonnes in the same year.

Thailand’s scrap demand was 7 million tonnes in 2018, a declined of 5.6% YoY. Both domestic supply and import declined 5.7% and 0.5%, respectively. Export, on the other hand, surged 16.6% YoY to 410,137 tonnes in the same year.

Malaysia’s demand for scrap picked up significantly, by 18.6% YoY to 3.5 million tonnes in 2018. Domestic supply increased more than 500,000 tonnes to 2.96 million tonnes in 2018. Import rose 17.7% YoY to 993,017 tonnes in the same year. Export nearly doubled in volume to 434,699 tonnes in 2018.

Philippines’ steel-making capacity was not big, with annual production capacity of 1.5 million tonnes. Total scrap demand increased 9.1% YoY to 1.65 million tonnes in 2018. Philippines is a net exporter of scrap and major destinations were ASEAN countries. Total export volume registered 500,000 tonnes in 2018. Domestic scrap supply increased 19.5% YoY to 2.15 million tonnes in the same year.

Singapore’s steel-making capacity was 750,000 tonnes and semi-finished steel production was only 618,185 tonnes in 2018. Scrap demand in the country, therefore, registered only 686,872 tonnes, an increase of 4.2% YoY. However, Singapore is also a net exporter for scrap, at 726,153 tonnes, a decline of 8% YoY in 2018. Total domestic scrap supply in the country registered 1.29 million tonnes, an increase of 5.2% YoY in 2018. Import dropped by nearly half to 126,306 tonnes in the same period.

Source : Strategic Research Institute

voda 14 oktober 2019 16:40

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Severstal Reports Operational Results for Q3 of 2019

Russian steel giant PAO Severstal has announced its operational results for Q3 2019. Hot metal output increased 7% QoQ in Q3 2019 to 2.46 million tonnes (Q2 2019: 2.30 million tonnes) following short-term maintenance works at BF#1, BF#4 and BF#5 in the previous quarter. Crude steel production declined 1% to 3.03 million tonnes (Q2 2019: 3.06 million tonnes) mainly reflecting a decline in EAF steel output following the sale of Balakovo mini-mill in July 2019.Consolidated steel product sales remained flat q/q at 2.83 million tonnes in Q3 2019 (Q2 2019: 2.83 million tonnes). The share of domestic sales remained at historically high levels of 67% due to their continued attractiveness (Q2 2019: 70%).

9 M 2019 group highlights - Hot metal output increased 3% y/y to 7.13 million tonnes in 9M 2019 (9M 2018: 6.91 million tonnes) driven by improved maintenance works efficiency and higher quality of raw materials. Crude steel production remained almost flat at 9.13 million tonnes (9M 2018: 9.10 million tonnes), predominantly reflecting higher aggregate productivity levels, which were offset by lower EAF production in Q3 following the sale of Balakovo mini-mill.

Source : Strategic Research Institute

voda 14 oktober 2019 16:54

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US Steel Mills Shipments in August up 4.4% MoM

The American Iron and Steel Institute reported that for the month of August 2019, US steel mills shipped 8,472,088 net tons, a 4.4 percent increase from the 8,115,103 net tons shipped in the previous month, July 2019, and a 0.4 percent increase from the 8,441,597 net tons shipped in August 2018. Shipments year-to-date in 2019 are 64,810,436 net tons, a 1.8 percent increase vs. 2018 shipments of 63,656,882 net tons for eight months.

A comparison of August shipments to the previous month of July shows the following changes: hot rolled sheets, up 10 percent, hot dipped galvanized sheets and strip, up 7 percent and cold rolled sheets, up 3 percent.

Source : Strategic Research Institute

voda 14 oktober 2019 16:55

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Severstal to Provide Electricity Through Use Of Secondary Energy Resources

The Cherepovets Steel Mill one of the largest integrated steel plants in the world (part of the Severstal Russian Steel division), will increase electricity generation through the utilization of industrial gases. CherMK consumes 5.9 billion kWh of electricity per year, of which 78% is generated independently. The company's goal within the strategic priority “Leadership in Costs” is to increase the share of its own generation in total consumption up to 95% by 2025. The work of new sources of generation is planned to be provided through the utilization of secondary energy resources coke, blast furnace and converter gases, which are formed in the process of production.

According to the CEO of Severstal Mr Alexander Shevelev, this task has already been implemented at CherMK for blast furnace and coke oven gases. Currently, Severstal is choosing a technical solution for the utilization of energy from converter gases as a fuel for electricity production. He added that “In the current situation, when CherMK meets the demand for electricity with its own generation by 78%, the share of secondary fuel use for its production is 27.9%. Based on the results of the implementation of our program, we plan to increase the utilization of secondary gases for electricity production up to 33.9%. At the same time, one of the most important effects will be environmental: reduction of pollutant emissions to 12,000 tonnes per year, and CO2 - more than 200,000 tonnes. Utilization of converter gas will reduce the purchase of natural gas for CherMK by 200 million m3 per year, which also complies with our principles of responsible attitude to environmental issues and energy conservation. Thus, the project to increase electricity generation through the use of secondary resources immediately meets three of the 17 UN sustainable development goals, In addition, in accordance with the UN sustainable development goals, the company maintains an optimal balance between the ratio of scrap metal and cast iron in the steel produced. Scrap is the main component in steelmaking in electric steel furnaces. The share of secondary raw materials in one 125 ton smelting significantly exceeds the share of cast iron and amounts to 70%. For example, in 2018, about 900 thousand tonnes of scrap metal was used in the production of electric steel at CherMK.”

Mr Alexander Shevelev said that “Gas utilization projects are also being implemented at Severstal’s resource assets. So, Vorkutaugol JSC uses mine methane, a gas related to greenhouse, for boiler houses. Methane from coal seams is transferred to the surface using vacuum pumping stations, where Vorkutinskaya, Komsomolskaya, Zapolyarnaya and Vorgashorskaya are used as fuel for boiler mines. The Vorkutaugol mine methane degassing and utilization project is unique to Russia. In 2018, the mine boiler companies combined utilized 73% of the total degassing methane, which is 77.5 million cubic meters of gas.”

Source : Strategic Research Institute

voda 14 oktober 2019 16:58

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Midrex Opens New Office In Dubai

Midrex has announced the opening of a new office, Midrex Technologies Gulf Services FZCO, located in the Airport Free Zone in Dubai, UAE. The establishment of this office marks a significant footprint expansion for Midrex and acknowledges the strength of the Middle East and North Africa region. With the abundant availability of natural gas, natural resources, and the pool of talented experts, the MENA region is a world hub for iron and steel manufacturing. Over the last decade some of the largest and most advanced MIDREX® Plants have been commissioned in this region. The decision to open this office brings Midrex closer to its clients and licensees. Initially the office will primarily support the aftermarket group, Midrex Global Solutions, with a focus on water treatment and comprehensive integrated service offerings. The expectation is that additional support and services will be conducted by the office in Dubai as the market expands.

General Manager of Midrex Dubai, David Oswald said that "Throughout the 50-plus years of business, we acknowledge that listening and responding to our customers’ needs has benefited both the industry and Midrex. Our hope is that faster response time and flexibility will strengthen relationships with the market and will enable Midrex to maintain its leadership role in direct reduction ironmaking technology.”

Source : Strategic Research Institute

voda 14 oktober 2019 16:59

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ASW Steel Gets Major Boost

After a tumultuous period of uncertainty in Canada's steel industry, a recent announcement by ASW Steel in Welland has provided encouraging signs of growth and prosperity in the Niagara area. On September 30, parent company AMPCO-Pittsburgh announced the sale of ASW. A news release from them stated that "Ampco-Pittsburgh Corporation announced the completion of the sale of its Canadian specialty steel subsidiary, ASW Steel Inc to Valbruna Canada Ltd., a subsidiary of Acciaierie Valbruna SpA of Vicenza, Italy.”

ASW president Tim Clutterbuck spoke to the Thorold News and said that “This is really, really good news for the people of ASW steel. Valbruna is large stainless steel producer with about a USD 1 billion in sales around the world. We will now called Valbruna ASW."

Mr David DeLeeuw, Purchasing Manager Valbruna ASW Inc said that "A leading international manufacturer and distributor of stainless steel and nickel alloys bars and wires with manufacturing plants in Italy and the U.S. and worldwide distribution."

Source : Strategic Research Institute

voda 14 oktober 2019 18:29

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Wereldwijde staalvraag trekt aan

Gepubliceerd op 14 okt 2019 om 18:25 | Views: 0

ArcelorMittal 17:35
13,11 -0,35 (-2,57%)

BRUSSEL (AFN) - De wereldwijde vraag naar staal neemt naar verwachting volgend jaar meer toe dan gedacht. Brancheorganisatie World Steel Association verwacht dat de vraag over heel 2019 groeit met 3,9 procent tot 1,775 miljard ton. In 2020 wordt gerekend op een beperktere groei van de vraag met 1,7 procent tot 1,805 miljard tot.

De groei is meer dan waar de organisatie bij een eerdere raming op rekende. Volgens de organisatie blijft de vraag naar staal veerkrachtig, ondanks de onzekerheid op de wereldwijde staalmarkt momenteel.

De groei komt voornamelijk van de opkomende markten. Vooral in China groeit de vraag naar staal dit jaar nog stevig. Volgend jaar is dat minder, maar is ook daar nog sprake van groei.

voda 14 oktober 2019 18:45

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Iron Ore Industry to Drive Australia’s Future Economic Growth - EY Report

According to new modelling commissioned by Fortescue Metals Group, Australia’s iron ore industry contributes relatively more to the nation’s economy than the entire accommodation and food services and information media and telecommunications sectors. The EY report found that the iron ore industry contributed AUD 58.7 billion in Gross Value Add to Australia in FY19, representing 32 per cent of the total GVA of the resources industry. Fortescue CEO Ms Elizabeth Gaines said the iron ore industry was well recognised as one of the most significant contributors to the Australian economy.

She said “Australia’s resource sector is the powerhouse of our economy, and at three per cent of GDP the iron ore sector directly contributes 68 cents to the economy per dollar of output with a further 17 cents per dollar indirectly flowing through strong linkages to other industries. Modelling of the flow-on employment impact shows that for each full time employee directly employed in the industry, an additional 2.15 FTEs are employed in other sectors. Today, the iron ore industry directly employs around 37,000 people and indirectly creates nearly 80,000 additional roles.”

Source : Strategic Research Institute

voda 14 oktober 2019 18:48

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SL Mining Update on Marampa Iron Ore Project in Sierra Leone

Gerald Group’s wholly owned subsidiary SL Mining Limited confirmed that in order to protect SL Mining’s legitimate interests, the company has published a notice relating to all third parties of this interim emergency order and the restrictions placed upon the Government of Sierra Leone in respect of SL Mining’s Marampa Project, its assets, stockpiles and equipment. SL Mining is pursuing legal action against the Government in connection with its unlawful conduct and non-compliance with the binding decisions reached in international adjudication. SL Mining will not hesitate to take legal action against third parties who infringe its rights in relation to the Marampa Project.

Following the purported cancellation, the Emergency Arbitrator on 9 October 2019 issued an interim emergency order directing the Government of Sierra Leone:

(i) to comply with the Emergency Arbitrator’s Order as amended

(ii) to refrain from taking any steps to further aggravate the dispute pending the Emergency Arbitration’s decision in respect of SL Mining’s forthcoming application to amend the Order, including:
(a) removing, dealing with, or otherwise interfering, directly or via third parties, with SL Mining’s assets, including equipment and stockpiles of iron ore, in relation with SL Mining’s Marampa iron ore project
(b) directly or indirectly operating itself, or allowing third parties to operate, the Marampa Project
(c) taking any steps towards the issuance of a mining licence and/or entry into a mining lease agreement relating to the Marampa Project or any part thereof to and/or with a third party
(d) otherwise altering the status quo as of immediately before receipt of the letter purportedly cancelling the Licence.”

In Statement of 8 October 2019, SL Mining disclosed that the Government of Sierra Leone had, by letter received on 7 October 2019, purported to cancel SL Mining’s Long Term Mining Licence relating to the Marampa Project in Sierra Leone. This purported cancellation was unlawful and invalid, and was contrary to the amended Order of the Emergency Arbitrator officiating in the ICC arbitration between SL Mining and the Government of Sierra Leone.

Source : Strategic Research Institute

voda 15 oktober 2019 14:25

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ArcelorMittal Italia appoints Lucia Morselli as Chairman of the Board and CEO

15 October 2019 – ArcelorMittal Italia announces that Lucia Morselli is to become Chairman of the Board and CEO, effective today. She will replace Matthieu Jehl, the current Chairman and CEO, who will take up new responsibilities within ArcelorMittal.

Commenting, Geert van Poelvoorde, CEO ArcelorMittal Europe, Flat Products, said:

“I would like to start by thanking Matthieu Jehl for the important role he has played in helping ArcelorMittal establish a presence in Italy. Good progress has been made, specifically on the implementation of the environmental investments and in improving processes, despite the challenging external environment.”

“We are very pleased to welcome Lucia as the new Chairman and CEO of ArcelorMittal Italia. She is widely recognised as a highly experienced business leader who has made a significant contribution to Italian industry. Her experience and expertise will be very valuable to ArcelorMittal Italia as we seek to put the company on a more sustainable footing and strengthen the consensus around the future of the plant.”

Lucia Morselli, said:

“There is arguably no bigger, more complex industrial challenge within Italy today than the ex-Ilva facilities. I am very motivated by the opportunity to lead ArcelorMittal Italia and I will do my best to secure its future and ensure its contribution is valued by all stakeholders.”

Background

Mrs. Morselli is recognised as one of Italy’s leading businesswomen. She is a member of the board of directors at Essilor-Luxottica, Telecom Italia SPA, Sisal SPA and ST Microelectronics.

Mrs. Morselli is a highly experienced Chief Executive having held the position at numerous companies including Acciai Speciali Terni SPA, Berco Group, BioEra S.p.A., Mikado S.p.A., Tecnosystemi S.p.A., Stream (Sky) S.p.A. and Telepiù Group.

She started her career at Olivetti as an assistant to the CFO and then spent five years in strategic consultancy at Accenture before joining Finmeccanica as CFO for the aircraft division.

Mrs. Morselli holds a degree in mathematics (summa cum laude) from Pisa University, a PHD in mathematical physics from the University of Rome and Masters’ degrees from the University of Turin (Business Administration) and the University of Milan (European Public Administration).

corporate.arcelormittal.com/news-and-...

voda 15 oktober 2019 15:45

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JSPL Imports Limestone at Gopalpur Port

Business Standard reported that Jindal Steel & Power Ltd o imported 105,000 tonnes of steel grade limestone from the Middle East in a ship owned by Essar Shipping at Gopalpur Ports. Mr Amit Saboo Managing Director of Shapoorji Pallonji Port Maintenance Pvt Ltd said that “We are very proud to have successfully handled a vessel carting 105,000 tonnes on October 12, 2019. In a short time, Shapoorji Pallonji Group has made significant progress in making Gopalpur Port a world class port."

Gopalpur Port is undertaking an expansion programme which, among other things, entails dredging of the channel to enable it to receive large ships. With completion of dredging, the port is capable of receiving modern, large sized ships which can cater to the needs to its customers.

Source : Business Standard

voda 15 oktober 2019 15:46

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UK’s 2019 Structural Steel Design Awards Winners Announced by BCSA

British Constructional Steelwork Association announced that the Structural Steel Design Awards have recognised and rewarded many of the best examples of ambition and innovation in our built environment. Now celebrating their 51st year, the 2019 Awards, jointly sponsored by the British Constructional Steelwork Association and Trimble Solutions (UK) Ltd, continue that great tradition. This year’s collection of entries once again demonstrates the excellence achievable with the use of steel, as well as structural and architectural design. The Judges selected the Award-winning entries from a shortlist of 20, all of which scored highly in terms of efficiency, cost-effectiveness, aesthetics, sustainability and innovation.

The five projects receiving Awards this year were announced at a presentatioheld at LSO St Luke’s, London. They include:
Coal Drops Yard, London
Taplow Riverside Footbridge
Tombola HQ, Sunderland
Tottenham Hotspur Football Club, New Stadium
Wimbledon No.1 Court

Commendations were awarded to six projects: Battersea Arts Centre, Chiswick Park Footbridge, Fen Court, London, Ingenuity House, Birmingham, Neuron Pod, London and Royal Academy of Music, London.

Merits were awarded to four further projects: G W Annenberg Performing Arts Centre, Greatham Creek Seal Hide, Middlesbrough, Telford Central Footbridges and The Macallan Distillery.

This year’s ‘Project of the year’ award, which went to Tottenham Hotspur Football Club, New Stadium.

Source : Strategic Research Institute

voda 15 oktober 2019 15:46

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Ezz Steel Reports Fall in Earnings in H1 of 2019

Ezz Steel reported a sharp fall in earnings pressured by a sustained fall in the price of steel products and a rise in costs of iron ore pellets. For the six months ended 30 June 2019, EBITDA fell 81% to EGP 659 million and sales rose 2% EGP 25.9 billion. This increase in sales was driven by an 8% increase in long sales, which was partly offset by a 16% decrease in flat sales

Long steel production volumes totalled 1.9 million tonnes during H1 2019, up 10% from a year earlier. Flat steel production volumes decreased by 7% to 609,000 tonnes for the period, compared with 652,000 tonnes a year earlier.

Source : Strategic Research Institute

Vertraagd	5 jun 2024 09:03
Koers	23,760
Verschil	-0,060 (-0,25%)
Hoog	23,790
Laag	23,750
Volume	47.510
Volume gemiddeld	2.645.505
Volume gisteren	3.024.340

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