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voda 15 juni 2022 07:26

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ArcelorMittal Publishes Concept for Green Steel Standards

Strategic Research Institute
Published on :
15 Jun, 2022, 7:16 am

World’s second largest steel maker ArcelorMittal has published a concept for a low-carbon emissions steel standard to help incentivize the decarbonization of steelmaking globally and support the creation of market demand for physical steel products which would be classified as lower, and ultimately near-zero, carbon emissions steel. The concept is designed to be complementary to methods for rewarding virtual low-carbon steel, at least until significant amounts of physical low-carbon steel are available. At the heart of the concept are three core principles:

1. It must include a dual score system comprising a LCA value for finished products, EPD for construction products, alongside a decarbonization rating system which categorizes low and near-zero carbon emissions per tonne of hot rolled steel and rewards producers as they decarbonize from their starting point.

2. It must be designed in such a way that incentivizes the decarbonization of all methods of steel production through technology shifts, rather than simply through increasing scrap rates using existing technology. This can be done by using a sliding scale based on the percentage of scrap used in production, a system which is also at the heart of the ResponsibleSteel and International Energy Agency low-carbon emissions steel models.

3. It must include a clearly defined boundary from which carbon emissions are counted for the decarbonization rating system.

The creation of clear definitions for low-carbon emissions physical steel is an important component of ‘demand pull’ and ‘supply push’ mechanisms that are required to support the steel industry in its transition to net zero by 2050. Clear definitions will also help inform targeted policy to support the scale-up and commercialization of these near-zero technologies.

voda 15 juni 2022 10:34

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GCC HRC prices stabilise amid low supply
200 Views

The Gulf Cooperation Council hot rolled coil market has stabilised, with prices unchanged since last week with minor exceptions. Japanese and South Korean mills are reluctant to offer workable quotes as they find rivals' current offers much lower than their target prices. Currently, only Chinese and Indian mills are offering for enquiries.

Last week, the workable price to conclude a deal was expected at $790/tonne cfr GCC, while suppliers’ initial proposals were at $810-820/t cfr. Sentiment has not changed, but buyers’ new concern is whether Indian boron-added HRC will become subject to export duties whose cost would be transferred to the buyer, Kallanish understands.

This week, 2mm thickness SAE 1006 re-rolling grade HRC price offers for Indian boron-added HRC for July shipment and Chinese non-boron HRC for early-August shipment are unchanged on-week at $810-815/t cfr. Pipemaking grade of S235JR and S275JR for multiple thicknesses of 1.7-7.4mm is meanwhile at $800-810/t. However, Japanese and South Korean mills are still targeting $850-900/t cfr GCC, which does not spur any buying interest.

"Buying sentiment for HRC is still at $790-795/t cfr GCC,” explains an insider.

"Onwards next week, we will see Japanese mills lower offers and, I guess, they will take their position on the benchmark price of $790-810/t cfr GCC range,” opines a trader.

Negotiations for multiple sizes of entirely 2mm thickness re-rolling grade boron-added HRC for 10,000 tonnes are expected to be finalised in a deal this week at $810-820/t cfr for July shipment.

In Saudi Arabia, 1.2mm thick SPHT-1 grade HRC offers for China and Taiwan mills’ material are heard at $890-900/t cfr Dammam. This compares to the Egyptian offer for the same material at $950/t cfr Dammam and $930/t cfr Jeddah for July/August shipments. Taiwanese mills' HRC prices are typically $15-20/t higher than Chinese HRC. However, this time, the Taiwanese seller aims to increase the tonnage of a bulk shipment of cold rolled coil consignment for end-July shipment, so that the freight cost will be lowered.

Saudi Arabia's and the region's sole HRC producer has minimal production allocation for August rolling due to technical issues at its hot strip mill, keeping its price high at $1,020/t delivered within the country. The company is expected to compromise at $970/t delivered for firm bids.

Burak Odabasi Turkey

voda 15 juni 2022 15:18

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Aperam bood te weinig voor Acerinox - media
Reden voor afbreken gesprekken.

(ABM FN-Dow Jones) Aperam heeft een te laag indicatief bod uitgebracht op Acerinox. Dit stelde topman Rafael Miranda van Acerinox woensdag tijdens een persconferentie in Madrid, aldus persbureau Bloomberg.

Eerder deze maand bevestigde Aperam mediaberichten dat het werkte aan een combinatie met Acerinox. Kort daarna liet de Spaanse staalgigant weten de gesprekken met Aperam te hebben beëindigd.

Zakenbank Jefferies vond het een logische poging, maar wees ook op de toezichthouders, vooral die in Brussel.

Als Acerinox en Aperam samengaan, dan wordt er in Europa een speler gecreëerd met een capaciteit van 2,3 miljoen ton. Dat is veel meer dan de 1,4 miljoen ton die de huidige marktleider Outokumpu heeft. "Dat zal de alarmbellen bij de Europese Commissie doen afgaan", waarschuwde Jefferies.

Ook was goedkeuring door de familie Mittal, die circa 40 procent van Aperam in bezit heeft, en de Spaanse familie March, die via een investeringsvehikel een belang heeft van 18 procent in Acerinox, nodig voor groen licht voor een combinatie.

Door: ABM Financial News.

info@abmfn.nl

Redactie: +31(0)20 26 28 999

voda 16 juni 2022 07:05

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Wuppermann Receives German Award for Sustainability Projects 2022

Strategic Research Institute
Published on :
16 Jun, 2022, 6:26 am

European galvanizing leader Wuppermann is one of the winners of the German Award for Sustainability Projects 2022 in the category Production. The prize was awarded for the second time in Berlin on 9 June 2022 by the news channel ntv, the DUP UNTERNEHMER magazine and the German Institute for Service Quality DISQ. Wuppermann received the award because of its comprehensive sustainability strategy. For example, the production process of the group of companies will be 100 percent CO2 neutral by 2025. The patron of the award was former German Federal Minister Ms Brigitte Zypries. The award was accepted by Wuppermann AG’s Business Development Mr Daniel Ewen.

As early as 2020, the Fraunhofer Umsicht Institute confirmed that Wuppermann's heat to coat process saves 31% of CO2 emissions at the Dutch Wuppermann site and up to 43% at the Austrian site in Judenburg compared to the reference process. By switching to a CO2-free electricity supply, the CO2 footprint of the group of companies improved further. Thus, since the beginning of 2021, the company has been purchasing green electricity exclusively from hydropower at its production sites in Austria. The Dutch site in Moerdijk switched completely to electricity from wind power from 1 January 2022. In parallel, the company is investing in its own electricity generation. At three sites, Wuppermann installed photovoltaic systems with a total output of three megawatts in 2021 alone. This corresponds to the electricity consumption of more than 1,700 households.

The focus of the award is on the 17 Sustainable Development Goals of the United Nations in the areas of people, planet, prosperity, peace and partnership. On this basis, a jury from business, science and the media chaired by BAUM eV Chairwoman Ms Yvonne Zwick evaluated the submissions. In total, the jury awarded 64 companies and organizations for their sustainability projects.

Since its foundation in 1872, the medium-sized family business Wuppermann has developed from a steel processor to a leading innovator in corrosion protection. Wuppermann Group employs around 800 people throughout Europe at five production sites in the Netherlands, Austria, Poland and Hungary, as well as in holding and sales companies in Germany, Austria, France, Sweden and Romania. It is managed by Wuppermann AG as a holding company based in Leverkusen, which is 100 % family-owned. The product portfolio includes surface-finished flat steel products with zinc and zinc-magnesium coatings and pickled surfaces, as well as pipes, profiles and pipe components with the same surface types. Superman’s products are applied in a wide variety of industries: construction, furniture and automotive industries, solar & energy technology and transport. The Wuppermann Group currently has five production sites and more than 800 employees. In 2021, the Wuppermann Group achieved a turnover of around 925 million euros.

voda 16 juni 2022 07:06

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Tata Steel Mining Acquires 10% Stake in Make Rohit Ferro Tech

Strategic Research Institute
Published on :
16 Jun, 2022, 6:31 am

Tata Steel announced that its wholly-owned subsidiary Tata Steel Mining has paid consideration for acquiring 10% equity stake held by the Financial Creditors in Tata Steel Mining’s subsidiary Rohit Ferro Tech for an amount aggregating to approximately INR 20.06 crore on 14 June 2022. Upon completion of the Transaction, the equity stake of Tata Steel Mining n Rohit Ferro Tech will increase from 90% to 100%, resulting in Rohit Ferro Tech becoming a step-down wholly-owned subsidiary of the Company.

Tata Steel Mining had successfully completed the acquisition of controlling stake of 90% in Rohit Ferro Tech in accordance with the approved Resolution Plan pursuant to an order passed by the National Company Law Tribunal Kolkata, under the Corporate Insolvency Resolution Process of The Insolvency and Bankruptcy Code 2016 on 11 April 2022.

Rohit Ferro Tech is engaged in the business of manufacturing of high carbon ferrochrome, mild steel billets and stainless-steel flats, within India. It is a well-differentiated player in the Ferro Alloys manufacturing sector. The revenue of Rohit Ferro Tech for the previous three financial years is as under

2018-19: INR 896.28 crore

2019-20: INR 739.76 crore

2020-21: INR 636.34 crore

voda 16 juni 2022 07:07

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Outokumpu Secures EUR 700 Million Sustainability Linked LCs

Strategic Research Institute
Published on :
16 Jun, 2022, 6:34 am

Global stainless steel giant Outokumpu has signed an unsecured EUR 700 million revolving credit facility, which will replace its existing, currently unused secured revolving credit facility of EUR 532 million. The proceeds will be used for general corporate purposes of the Group. The new facility which matures in February 2026 includes a 12-month extension option. The margin of the new facility is linked to emission reductions in line with the approved emission reduction target by the Science Based Targets Initiative for 2030.

BNP Paribas, Crédit Agricole Corporate and Investment Bank Helsinki Branch, Danske AS, Nordea Bank ABP, Filial i Sverige, OP Corporate Bank PLC, Skandinaviska Enskilda Banken AB and Swedbank AB acted as Mandated Lead Arrangers and Bookrunners. Nordea Bank ABP, Filial i Sverige is the documentation and facility agent.

voda 16 juni 2022 07:08

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Danieli Improves Efficacy of Marcegaglia Raveena Plant HDG Furnace

Strategic Research Institute
Published on :
16 Jun, 2022, 6:38 am

Specialized Danieli Centro Combustion has just completed the revamping of the hot dip galvanizing line 1 at the Marcegaglia plant in Ravenna in Italy. The turnkey revamping of the hot-dip galvanizing furnace was performed whilst limiting the outage duration to just fifty days, as requested by Marcegaglia. In fact, the pre assembly strategy for steel structures, furnace casing and piping, along with a massive pre test of the automation system, made it possible to save ten days of erection time. The job consisted of revamping of the horizontal direct-flame fired section and relevant pre-heating section, plus that of the after-pot cooling system.

This, together with the installation of new burners fed by pre heated combustion air, achieved by a new centralized recuperator in the waste gas duct, allows for a production increase of 20% and a reduction of 20% of specific furnace natural-gas consumption. Furthermore, the increase of the cooling capacity of the after-pot cooling section led to a 15% reduction of the specific electric consumption.

voda 16 juni 2022 07:08

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Steelwind Nordenham Monopiles for EnBW’s He Dreiht Offshore Wind

Strategic Research Institute
Published on :
16 Jun, 2022, 6:43 am

Germany’s leading manufacturer of heavy plates Dillinger announced that EnBW Energie Baden Württemberg AG and Steelwind Nordenham GmbH have signed an agreement for the manufacture and delivery of steel monopile foundations for the He Dreiht offshore wind farm on 18 May 2022. Steelwind will supply 64 monopiles for the North Sea wind farm, each with a length of approximately 70 meters, a diameter of 9.2 meters and a weight of up to 1,300 tonnes per monopile. Production is scheduled to start in August 2023. The high-performance plate that will be used here will come from Steelwind’s parent company Dillinger, Europe's leading manufacturer of heavy plate. This plate has been specially developed for use in the offshore wind sector and is known for its superior quality, even under harsh conditions at sea.

EnBW is one of the largest energy companies in Germany and Europe. It supplies around 5.5 million customers with electricity, gas and water, as well as products and services in the areas of infrastructure and energy. Development of renewable energies is a cornerstone of the growth strategy and a focus of investment. EnBW’s He Dreiht is one of the largest offshore projects in Europe. The wind farm is located in the North Sea, 85 km north of Borkum and 110 km west of Helgoland. Construction is scheduled to begin in the first half of 2024 and He Dreiht will begin operating in 2025 with a grid connection capacity of 900 MW. The electricity generated can supply around 1 million households. The wind farm will be one of the first in the world to operate without government subsidies.

Steelwind Nordenham GmbH is a Dillinger Group company located in Nordenham in in Lower Saxony region of Germany. The company began manufacturing monopiles and transition pieces in 2014, and now also produces single-piece monopile foundations with unit weights of up to 2,400 tons. The single-piece monopile replaces the previous design with a separate monopile and transition piece by integrating certain parts of the transition piece into the monopile. The monopile can then be up to 120 meters long. The steel for the monopiles comes from Dillinger, Europe's leading heavy plate manufacturer, located in Saarland. SWN currently employs 275 people. More information can be found at

Offshore wind farms are contributing significantly to the energy transition and to achieving EU climate protection targets. They can produce cheap green power that is generated comparatively continuously. Steelwind has been contributing to the energy transition since 2014 by specializing in monopile production.

voda 16 juni 2022 07:09

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Tata Steel Infuses Funds in Tata Steel Mining for Rohit Ferro Tech

Strategic Research Institute
Published on :
16 Jun, 2022, 6:46 am

Tata Steel has paid consideration for acquiring 10.4 million equity shares of INR10 each at a premium of INR 9.15 per share, of wholly-owned subsidiary Tata Steel Mining, a of the Company, for an amount aggregating to approximately INR 20.06 crore. Upon completion of the Transaction, Tata Steel Mining will continue to be a wholly-owned subsidiary of the Company with 100% equity stake.

Tata Steel Mining is a wholly owned subsidiary of Tata Steel Limited. It is a key player in mining and Ferro Alloys business. Tata Steel Mining was incorporated in 2004 & operates 3 chromite mines, a ferroalloy plant and has partnered with 8 external ferro processing centers for manufacture of ferrochrome. Tata Steel Mining provides raw materials to stainless steel, alloy steel and refractory manufacturers across the globe. The revenue of Tata Steel Mining for the previous three financial years was

2021-22: INR 4,612.72 crore

2020-21: INR 536.73 crore

2019-20: INR 200.91 crore

voda 16 juni 2022 07:09

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British Steel Revamping Caster & Rod Mill at Scunthorpe

Strategic Research Institute
Published on :
16 Jun, 2022, 6:50 am

British Steel has started work on GBP 80 million of investments to enhance its product range and improve operational and environmental performance. The bulk of the investment of GBP 48 million is financing the installation of a new billet caster at the company’s Scunthorpe site. At the same time, its Scunthorpe Rod Mill is being given a GBP 32 million upgrade while further investments are being made at British Steel’s sister company in the Netherlands FN Steel. The reconfigured mill layout and new equipment are expected to be commissioned in 2023.

The new billet caster, which will manufacture lengths of semi-finished steel known as billets, is being installed by Danieli and is expected to be commissioned at the end of the year. It will enable the company to both increase capacity and grow into new markets. Cold heading, automotive spring steels, free cutting steels, rim sub & alloy steel qualities will be available through the billet caster production in 140x140mm, 155x155mm & 180x180mm sizes

Work is also underway to install state-of-the-art mill equipment to significantly extend engineering capabilities at British Steel’s Scunthorpe Rod Mill. Part of a GBP 50 million investment announced in 2018, the scheme had been paused but is now being resumed under British Steel’s new ownership. The new product range will include wire rod diameters up to 28.0mm, currently the largest diameter available is 17.0mm. New product capability will become available including welding wire as well as extended capability for automotive spring steel and cold-heading grades. The product range will also offer customers considerably improved mechanical properties and enhanced options for supply condition such as normalized rolled and low-temperature rolled wire rod.

The new drawing line at FN Steel will be a 6-headed drawing bench (i.e. it will use 6 dies to draw the wire to the desired diameter). Bright drawing, as utilized across all FN Steel’s lines, results in a product with close dimensional tolerances, improved mechanical properties and bright surface finish. The enhanced processing capability will enable FN Steel’s to offer drawn material in diameters from 2.5mm to 4mm across a range of grades. In early 2024, improvements in logistics and environmental performance are expected with the completion of FN Steel’s new warehouse, which will have the capacity to store 9,000 coils.

voda 16 juni 2022 07:10

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Metinvest’s Ilyich Steel Seeks Sanctions on Reka More for Theft

Strategic Research Institute
Published on :
16 Jun, 2022, 6:53 am

Mariupol based Ilyich Steel of Metinvest Group has appealed to the Cabinet of Ministers & the Office of President of Ukraine to impose personal sanctions on Russian residents who illegally seize and resell Ukrainian metal. The company has asked the government and the Office of the President of Ukraine to impose sanctions against Management Company Reka-More LLC, which is responsible for stealing the property of Ilyich Steel, against the director of Reka More LLC and other natural persons and legal entities that transport, unload, sell or resell the stolen products. Ilyich Steel General Director Mr Taras Shevchenko has filed letters to this effect.

At the time of the Russian invasion, about 145,000 tonnes of steel products remained in Mariupol, of which 124,000 tonnes were stored at the seaport. These were products that destined for European companies but which had not been shipped because of the war. At the end of May 2022, the vessel RM 3, loaded with Ilyich Steel products, left the port of Mariupol heading towards Rostov on Don. The vessel belongs to Management Company Reka-More LLC, which was established and is managed by Mr Gennady Arustamov.

Ilyich Steel has filed a complaint with law enforcement about this criminal offense. The company insists that it has not engaged in any cooperation or liaison with any representatives of the aggressor country or its occupation administration, which is involved in the export of metal to the Russian Federation. Ilyich Steel emphasizes that the actions committed by these residents of the Russian Federation pose a threat to the national interests, security and economy of Ukraine.

voda 16 juni 2022 07:13

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Fit@50+ Women’s Trans Himalayan Expedition Completes 2 Stretches

Strategic Research Institute
Published on :
16 Jun, 2022, 6:56 am

Tata Steel announced that the Fit@50+ Women’s Trans Himalayan expedition team just concluded its month-long journey in the country of Nepal. After 90-days of rigorous trekking, the team is finally back on Indian soil. Spending a whole month in Nepal that is home to 8 of the 14 mountains above 8000 meters, including Mt Everest, the tallest peak on Earth, the team is looking forward to the third and final stretch of the expedition in the Indian subcontinent.

Standing the test of age, these women stealthily paved their way through the state of Arunachal Pradesh. At an elevation of 3,727 feet, Pangsau Pass marked the beginning of the expedition. Situated in the Patkai Hills on the India-Myanmar border, this pass offers one of the easiest routes into Burma from the Assam plains. The team paid their respect to the village goddess before taking the roads.

This journey began on 12 March 2022 at Pang-sau Pass in the India-Myanmar border where a group of 12 women in the age group of 50-68 years under the leadership of Padma Bhushan Ms Bachendri Pal, embarked on a 5-month long journey of traversing 4,977 kilometers across the Himalayan extreme from East to West. The team had covered a distance of 650 kilometers across Arunachal Pradesh, Assam, Upper West Bengal & Sikkim while they travelled for more than 1500 kilometers in the western, central and eastern Nepal. Breaking out of I am too old for this, the team walked an average of 25 kilometers every day in the initial phase of the expedition, gradually increasing the distance over time. This was the acclimatization phase where the participating women along with the support staff tuned their bodies to the mountain conditions.

voda 16 juni 2022 07:15

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Fiskars Cookware to Use Outokumpu’s Circle Green Stainless Steel

Strategic Research Institute
Published on :
16 Jun, 2022, 7:00 am

Global stainless steel giant Outokumpu has introduced a new product line, emission minimized stainless steel Circle Green, with the lowest carbon footprint in the stainless steel manufacturing industry. Global home of design driven brands for indoor & outdoor living Fiskars Group will be the first company to use this as a raw material in Fiskars branded cookware products made at Fiskars Group’s Sorsakoski Factory in Finland.

Outokumpu and Fiskars Group share a similar broad-scoped approach, ambition, and commitments to sustainability. The companies have committed to stringent climate goals according to the Science Based Targets initiative. Using the emission-minimized stainless steel also supports Fiskars Group’s target of having the majority of the company’s net sales coming from circular products and services by 2030.

The Circle Green production was first of its kind globally, as no other stainless steel manufacturer has been able to produce stainless steel with such low emission levels when taking into account all the climate emissions through the whole production chain (scopes 1, 2 & 3). Outokumpu reviewed and optimized the emissions from each production step from the stainless steel melt process and energy production to transport and raw material production.

Bijlage:

voda 16 juni 2022 07:16

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Steel Minister Inaugurates AMNS India’s Slag Based Road in Surat

Strategic Research Institute
Published on :
16 Jun, 2022, 7:03 am

India’s Union Steel Minister Mr Ram Chandra Prasad Singh has inaugurated India’s first road constructed entirely from a specially designed slag produced by ArcelorMittal Nippon Steel India. Steel Minister said “The milestone project came to fruition from AM/NS India s commitment to recycle and reuse by-products from its steelmaking operations, which is commendable. As India's steel industry grows, so too must industrial innovation that ensures sustainable, circular manufacturing growth.”

AM/NS India CEO Mr Dilip Omen said “Supported by the CRRI, AM/NS India is proud to have developed an alternative to natural aggregates in road construction, which is of international quality’ standards, cost competitive, and reduces the burden on natural resources. Part of the Waste to Wealth and Clean India Campaign, the first-of-its-kind initiative not only validates our quest to contribute to a circular economy, but also sets a new benchmark for others to emulate”

The 1 km six-lane road in Surat was constructed using around 1 lakh tonnes of processed steel slag from AM/NS India’s Hazira manufacturing plant, which was developed in collaboration with Council of Scientific and Industrial Research laboratory Central Road Research Institute. The Hazira road used around 100,000 tonnes of processed steel slag. According to the Indian Road Congress guidelines for construction of a heavy traffic road that is capable of taking the load of 1,000 to 1,200 trucks per day, around 600 to 700mm thickness of road layers are required on the foundation with 8% California Bearing Ratio. CRRI Principal Scientist Mr Satish Pandey had said that the construction cost of the processed steel slag road is 30% cheaper than roads built from natural aggregates as the thickness of the road is 30% lesser than normal ones, while the durability is much longer due to the utilization of steel slag. The CRRI is now preparing guidelines and specifications for the utilization of steel slag in road construction. The parameters and performance indicators will be incorporated in the road guidelines and will be given to Indian Road Congress, Ministry of Roads and Highways, to utilize steel slag for the constructions of national highways.

voda 16 juni 2022 07:16

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SW Steel Posts 31% YoY Growth in Crude Steel Production

Strategic Research Institute
Published on :
16 Jun, 2022, 7:06 am

India’s leading steel maker JSW Steel has reported that its crude steel production was 1.789 million tonne, up by 31% YoY on standalone basis

Flat Steel Production – 1.284 million tonne, up by 29%

Long Steel Production - 0.386 million tonne, up by 25%

voda 16 juni 2022 07:17

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German Steel Workers & Employees Reach Wage Deal

Strategic Research Institute
Published on :
16 Jun, 2022, 7:09 am

Reuters reported that German steel workers union IG Metall’s & employers have struck a deal for a 6.5% wage hike from August, ending lengthy negotiations that come amid soaring inflation and a spike in energy prices. Workers will also receive a one-time payment of 500 euros for the months of June and July to help them offset high energy prices. IG Metall Northwestern Germany Negotiator Mr Knut Giesler said "This is the highest percentage increase in the steel industry in 30 years.”

IG Metall had initially demanded an 8.2% pay rise for the roughly 68,000 workers.

German Industriegewerkschaft Metall is the dominant metalworkers' union in Germany, making it the country's largest union as well as Europe's largest industrial union. IG Metall mainly represents employees at major steel makers, such as ThyssenKrupp, Salzgitter AG & ArcelorMittal. Strikes are rare in Germany, where companies and unions strive for consensus whenever possible.

voda 16 juni 2022 07:18

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China’s Crude Steel Output in May Climbs to 96.6 Million Tonnes

Strategic Research Institute
Published on :
16 Jun, 2022, 7:11 am

China's National Bureau of Statistics announced that China's outputs of hot metal, crude steel & finished steel amounted to 80.49 million tonnes, 96.61 million tonnes & 122.61 million tonnes up 4.8% MoM, 4.1% MoM & 6.8% MoM respectively. Blast furnace operations in China continued to climb in May with easing COVID controls on raw materials and finished steel deliveries. However, weak steel demand and razor thin steel margins among integrated steelmakers last month forced some plants to slower steel re-rolling operations and cut consumption of steel scrap, which was comparatively higher in cost than hot metal.

In the January-May 2022, China’s outputs of hot metal, crude steel & finished steel amounted to 360.87 million tonnes, 435.02 million tonnes & 549.31 million tonnes, down by 5.9% YoY, 8.7% YoY & 5.1 YoY respectively

voda 16 juni 2022 07:24

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Russian Steel Mill Withdraw from Worldsteel Membership on Sanction

Strategic Research Institute
Published on :
16 Jun, 2022, 7:14 am

Worldsteel announced that in order to comply with the latest round of EU sanctions against Russia coming into force on 16 June, Russian members have agreed to voluntarily withdraw from our activities while the sanctions remain in place. Worldsteel said “This means that Russians will not be able to access the worldsteel extranet, benchmarking systems and other platforms. In addition to this they will not receive email notifications from our side and will not be invited to participate in either online or in person meetings.”

Worldsteel added “We have not expelled or suspended our Russian members, rather we have come to a mutually satisfactory arrangement with them in which they are voluntarily and temporarily becoming ‘passive members.”

Worldsteel also said “We stress that worldsteel is constitutionally politically neutral and that this action is taken because of our need to comply with EU law.”

voda 16 juni 2022 07:52

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Outokumpu wil winst verder opvoeren
En schulden nog verder terugdringen.

(ABM FN-Dow Jones) Outokumpu heeft de eerste fase van de ingezette transformatie van het bedrijf ruim op tijd kunnen afronden en stelt nu voor de tweede fase zichzelf ten doel de winst nog verder op te voeren en de schuldratio terug te dringen. Dit meldde de Finse fabrikant van roestvast staal donderdagochtend.

In deze tweede fase moet de schuldratio naar minder dan 1,0, onder normale marktomstandigheden. De EBITDA moet structureel met nog eens 200 miljoen euro omhoog. Daarnaast wordt de komende drie jaar voor 600 miljoen geïnvesteerd. En tot slot wordt gestreefd naar een stabiel en zelfs stijgend dividend.

Donderdag zei Outokumpu dat dankzij het nieuwe dividendbeleid en de huidige winstontwikkeling het dividendvoorstel bij de komende jaarvergadering "significant" omhoog kan.

De eerste fase was gericht op risicoreductie en balansversterking door onder meer kostenverlagingen.

Outokumpu had daarbij twee financiële doelstellingen, die allebei zijn gehaald, namelijk een verbetering van de EBITDA met 250 miljoen euro en een schuldratio van minder dan 3,0.

Door: ABM Financial News.

info@abmfn.nl

Redactie: +31(0)20 26 28 999

voda 16 juni 2022 07:56

0

Metalloinvest Implements Automation in Iron Ore Processing

Strategic Research Institute
Published on :
16 Jun, 2022, 6:30 am

Russia’s leading steel maker & miner Metalloinvest’s Mikhailovsky & Lebedinsky GOK have put into operation an automated system for continuous monitoring of water levels in open reservoirs of hydraulic structures. The Company allocated about 28 million rubles for the purchase and installation of new equipment. More than twenty sensors are located in the reservoirs of the GTS of MGOK, and 12 more are located at the facilities of the LGOK tailings facility. Radio wave sensors of the system determine the water level with high accuracy. The data enters a single computer network. Specialists around the clock in real time evaluate the data, the dynamics of the process, make the necessary management decisions.

The stability of the entire technological process directly depends on the trouble-free operation of the GTS. The implemented systems of automated remote water level control allow to effectively manage risks by applying preventive measures.

Hydraulic structures play an important role in the production cycle of plants: they provide technical water supply, hydraulic protection of the quarry, laying and accumulation of waste from the concentrate enrichment process, and a number of other functions. Exceeding the maximum allowable water level in technological reservoirs can lead to equipment failure, flooding of adjacent facilities and territories. Too low water level can cause the death of fauna in the reservoir and in the coastal area and adversely affect the ecosystem.

Vertraagd	10 mei 2024 17:35
Koers	23,880
Verschil	+0,200 (+0,84%)
Hoog	24,320
Laag	23,870
Volume	2.942.344
Volume gemiddeld	2.533.911
Volume gisteren	1.871.161

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