Beursonline.nl

voda 28 april 2023 10:28

0

AHMSA Employees Relinquish Facilities, but Protests Persist

Mexican steelmaker Altos Hornos de México workers have given up control of the sequestered facilities following a promise that unpaid wages and salaries would be paid by noon on April 27. However, due to the lack of payment, fifty workers are now protesting inside the Monclova plant, Coahuila.

In a live broadcast by "La Prensa de Coahuila" on Facebook, demonstrators can be seen burning vehicle tires at the entrances to the steel company's offices.

The protestors demand the presence of AHMSA's General Director, Mr. Luis Zamudio Miechielsen, who has not yet responded to their calls. AHMSA has been facing liquidity problems and has been unable to produce steel for several months. The company is currently in the process of selling control to US-based Argentem Creek Partners, who have promised to inject $200 million of working capital to restart production. However, the steelmaker has not yet received any money from the new investor.

The situation at AHMSA has been ongoing for several months, with workers demanding their salaries and protesting the company's financial difficulties. The steelmaker has been struggling financially, and the sale to Argentem Creek Partners is seen as a potential solution to its financial woes. However, the delay in the injection of working capital has led to continued unrest among workers.

voda 28 april 2023 10:28

0

Vallourec Qualifies VAM® 21 Connections for Geothermal Applications

Vallourec’s VAM® 21 connections have been successfully qualified for geothermal applications up to 350°C. The geothermal industry is booming and interest in higher temperatures is growing, particularly in countries like Indonesia, the Philippines, East Africa, Iceland and California. As temperatures increase, so does the amount of energy generated with the same process, therefore the industry is investing heavily in wells, which must last for 30 years. Connections are crucial to ensure the well’s structural integrity, and in geothermal operations, they are even more critical due to higher temperatures that cause material dilatation. To accommodate these conditions, the TWCCEP1 standards require connections to be tested and qualified at 350°C.

To ensure the successful qualification of VAM® 21 connections, Vallourec’s teams adapted existing models and developed new testing tools. R&D developed new measuring devices to account for strain, adapting heating capacities to reach high temperatures homogeneously throughout the sample. Adjusting for these new conditions required changes to every component throughout the process, and the development of new make & break qualifications that included using a lubricant able to withstand higher temperatures.

Thanks to Vallourec’s connection expertise, the team was able to identify critical sizes and load cycles and reduce the number of samples that needed physical testing. These developments have provided Vallourec with valuable insights and expertise in geothermal qualification, setting it apart from other players in the market and providing a competitive edge.

voda 28 april 2023 10:28

0

Tenaris Breaks Barriers with High-Tech Wedge Technology for Deep Well

Tenaris' Rig Direct® services and Wedge technology have contributed to the successful drilling of the Chaya 1001EXP onshore exploratory well in Comalcalco, Tabasco, Mexico. The well is one of the deepest in Mexico, with hydrocarbons located more than 8 kilometers from the surface, requiring products with high resistance to collapse, corrosion, and high torque capacity.

Tenaris provided over 2,000 metric tons of seamless pipes and technical support before and during the operation, including string design and material selection, torque, drag, and fatigue analysis. The company's specialized software and know-how guided the customer in the selection of the best-suited steel grades, wall thicknesses, and connections from the TenarisHydril portfolio.

TenarisHydril Wedge technology was also used for the Chaya-1001EXP well, with Wedge 513, 521, 523, and 533 designed for high pressure and high temperature environments. Wedge 533 saved time during programmed operations on the rig floor. The challenging well conditions, including a high pressure of +10,000 psi and high temperature with over 150°C (HP-HT), required the introduction of pipes while rotating, impacting the capacity of the drilling equipment and tools.

voda 28 april 2023 10:28

0

Algoma Steel Relies onDanieli's Intelligent Cranes & Automatic Scrap Yard

Algoma Steel is utilizing Danieli’s Digimelter-based new green steel shop technology for the BOF transition project at its Sault Ste. Marie plant in Canada. The project involves the construction of a new meltshop with a capacity of 3.7 million metric tons of advanced grades of liquid steel. Danieli has been awarded the contract to manufacture six automatic cranes, two of which are meltshop cranes, while the remaining four are to be used in a Q-SYM2 automated scrap yard. The equipment will be used to move iron ladles and scrap buckets, support dual furnace operations, and ensure the good functionality of the meltshop.

Three members of Algoma Steel’s engineering team recently visited Danieli’s factory in Thailand to conduct extensive factory acceptance testing on the cranes before shipping to Canada. The two 517 metric tons, 31.5-meter-wide meltshop cranes have been inspected, one remotely and the other in the shop. These cranes are designed to pick up the whole furnace in one lift, thereby reducing turnaround time on monthly furnace rebuilds.

Four more fully-automated cranes equipped with scanning technology are being built for the scrap yard, and one has been inspected. These cranes will check for any undesirable type of material within the scrap before transferring it into the scrap bucket. The Algoma engineering team that tested the cranes was impressed by what they saw.

Danieli’s technology is crucial to the success of Algoma Steel’s BOF transition project. The automated cranes and scrap yard equipment will play a pivotal role in ensuring that the meltshop functions efficiently. Algoma Steel’s reliance on Danieli technologies is indicative of the trust placed in the company’s products and services.

voda 28 april 2023 10:29

0

Vallourec Delicers Seamless pipes for Bacalhau Offshore Project

Vallourec, a French multinational producer of tubes and pipes for the energy industry, has expedited delivery for OneSubsea®’s Bacalhau offshore drilling project, four months early, by ensuring a deeper partnership built on trust and seamless communication. Vallourec was contracted with OneSubsea® to deliver 3,000 meters of upset riser joints equipped with VAM® Top Tension Riser (TTR) “Heavy Wall (HW-NA)” connections. Vallourec worked closely with field operator Equinor to ensure smooth installation and product performance. The pipes needed to withstand serious fatigue conditions and a corrosive sea environment.

Utilizing Vallourec’s unique production capabilities combined with its world-leading R&D facilities, the project team could deliver reliable pipes with upset ends – ahead of schedule. The project included 19 subsea wells tied back to one of the largest floating production, storage, and offloading units in the country. The Bacalhau field is located 185 km off the Brazilian coast, at a water depth of 2,050 meters in the presalt Santos basin.

The project had a tight timeframe for delivery and required Vallourec to deliver high-quality and performance products in under a year. Vallourec’s team could deliver reliable pipes with upset ends using its production capabilities and world-leading R&D facilities ahead of schedule. “It’s a testament to our skilled colleagues that we were able to rise to the occasion,” said Mr. Corentin Couvreur, R&D Design Project Manager.

The pipes, connections, and accessories installed on-site needed to undergo tough testing processes before they could be validated for use in the project. Specific fatigue and failure validation in the context of the Bacalhau field included the API RP 17G portion of the ISO 13628 standard and testing at 22,500 psi. The material investigation department of Vallourec carried out corrosive analysis testing to ensure products would meet the environmental challenges addressed in NACE MR0175 for ISO 15156 certification. Through discussions with the customer, Vallourec offered other services such as Tubular Management System (TMS) and VAM® Field Service (VFS) inspectors.

voda 28 april 2023 10:29

0

ASEAN-6 Long Product Import & Export in 2022, Preliminary Data Review

The ASEAN-6 long product import and export for 2022 shows a mild increase of 2% in finished steel import and a decline of 5% in export. The import of Indonesia's long steel increased by 100,000 tonnes to 1.6 million metric tons in 2022, while the export dropped by 3%. The import of sections jumped 57% y-o-y, with half of it sourced from China. Malaysia's long steel import, however, stagnated, with a decline of 1% y-o-y to remain below 1.5 million metric tons. Bar import declined by 6.7% to 164,817 metric tons, whereas export declined by a double-digit growth rate of 14% y-o-y to 2.6 million metric tons in the same period.

Philippines' long steel import increased 7% y-o-y to nearly a million tonnes, with no export volume in 2022. Singapore's long steel import continued to recover, with a 13% y-o-y growth in 2022, and export jumped nearly 100,000 metric tons to reach 600,000 metric tons. Thailand's long steel import dropped 5% y-o-y to 2.1 million metric tons in 2022, while export increased by around 200,000 metric tons to 860,000 metric tons in the same period. Lastly, Vietnam's import of long steel stagnated at 1.36 million metric tons and export dropped by 14% y-o-y.

While there were moderate increases and decreases in the import and export volume of long steel in ASEAN-6, there were significant variations in the sources and destinations of the products. For instance, half of Indonesia's import of sections came from China, whereas Singapore's import of bars came from various countries, mainly from Malaysia, Oman, and Qatar. Moreover, the major market for Thailand's section was various countries, including Malaysia, Philippines, Singapore, New Zealand, Indonesia, and Hong Kong. The bar imports of Thailand and Malaysia also varied, with Japan, China, and South Korea being the major sources for Thailand's imports, and China being the main source for Malaysia's imports.

In conclusion, the preliminary data on ASEAN-6 Long Product Import and Export in 2022 showed some variations in the import and export volume of long steel products, with some countries experiencing growth, while others stagnated. However, the sources and destinations of these products varied significantly, which highlights the diversity of the region's trade relationships.

voda 28 april 2023 10:29

0

US Steel Reports Strong Q1 2023 Results

UD Steel has delivered a strong first quarter in 2023. The net earnings for the first quarter were $199 million. This compares to their first quarter earnings in 2022, which were $882 million. This compares to their first quarter earnings in 2022, which were $882 million. The company's adjusted EBITDA for the quarter was $427 million. The company's successful first quarter was driven by the improving market, and US Steel expects to benefit from even stronger second-quarter results from higher steel prices. US Steel's best for all® strategy, which focuses on delivering value for all stakeholders, has also contributed to their success.

US Steel President & Chief Executive Officer, M. David B. Burritt, expressed his satisfaction with the company's performance in the first quarter. He said, "Each of our operating segments exceeded expectations. We generated positive investable free cash flow of $25 million before supporting $582 million of high return strategic capital expenditures and continued direct returns in the quarter."

Mr. Burritt noted that despite inflationary pressures, Us Steel's strategic projects are on-track to meet or improve upon key milestones each quarter and deliver returns well above their weighted average cost of capital.

The company is currently commissioning critical components of their new non-grain oriented electrical steel line at Big River Steel and expects to produce the first coil as planned later this summer. Furthermore, their new mini mill, Big River 2, with even more capabilities, and their new galvanize/GALVALUME® line remain on-track for 2024. US Steel aims to create the next generation of sustainable mini mill steelmaking in the US and transform their business model to generate more consistent cash flow and higher returns for their investors.

voda 28 april 2023 10:29

0

Primetals EAF Quantum Set Remarkable Performance Records

Primetals Technologies’ EAF Quantum plants in China have surpassed customer expectations with their exceptional performance figures. The Chinese steel industry has seen an increased implementation of these plants, with ten producers adopting them to date. Guilin Pinggang and Wuzhou Yongda, who were among the first to place an order for the EAF Quantum, have now revealed the outstanding performance figures for these plants.

The EAF Quantum at the Pinggang plant has achieved tap-to-tap times of 31 minutes at power-off times of four minutes, while the EAF Quantum at Wuzhou Yongda has clocked in at tap-to-tap times of 32 minutes with power-off times of four minutes.

These remarkable performance figures are made possible by several technological innovations. The EAF Quantum features a scrap preheating system, which shortens the power-on times compared to conventional electric arc furnaces. Scrap is fully preheated using off-gas from the production process, reducing the energy needed to melt the scrap. This results in lower operating costs and reduced CO2 emissions.

voda 28 april 2023 10:30

0

Tata Steel' UK’s Protact & Grupo Calvo Achieve Breakthrough in Canned Tuna Packaging

Grupo Calvo and Tata Steel have collaborated to develop a new consumer-friendly can form, which reduces food waste, enhances shelf impact, and takes lightweighting of steel for packaging to new heights of expertise. The key to this success is Tata Steel's Protact, with its unique internal polypropylene layer, enabling the groundbreaking direct seal concept, which eliminates the need for a traditional can ring and delivers a 24% steel weight reduction overall. The PP coating also enables the tuna to slide cleanly from the upturned can with no residue left inside, reducing food waste.

In addition, the PP coating allows for a 15% reduction in food oil, and shelf impact is greatly enhanced with Protact's wide choice of coating colors, including white, black, metallic silver, and gold. Grupo Calvo chose a brilliant bright finish to stand out in stores and catch consumers' eyes. Protact's inert three-layer polymer coating system, with excellent organoleptic properties, retains the original taste of the packaged food during the canning process, making it the ideal solution for food contents packed in oil and brine.

Mr. Huib Simon, Head of Marketing Packaging, Tata Steel, said that Protact is the company's leading-edge, polymer coated, food-safe product, extended to include new tailored variants further optimized for efficient and sustainable can-making. The new variants encompass all formats, two-piece, as well as three-piece cans, ends, and components. Protact's polymer coating system simplifies can-making operations while lowering the environmental footprint, energy and water consumption, and eliminating VOC emissions.

Mr Martín Barbaresi, Marketing Director of Grupo Calvo's Europe Division, said that the Calvo brand has enabled a new way of consuming canned tuna that is more efficient, convenient, and sustainable through Vuelca Fácil.

voda 28 april 2023 10:31

0

POSCO & Siemens Collaborate for Eco-Friendly Steel Production

POSCO, the South Korean steelmaker, has announced its collaboration with Siemens, the German industrial giant, to enhance the competitiveness of the steel industry during their meeting in Seoul. Siemens is Europe's largest engineering company with businesses in factory automation, energy, power generation, and medical care. It is a strategic partner for POSCO, as it purchases rear plate products for wind towers from Posco and supplies driving motors and control facilities to the company. POSCO, in return, delivered a plaque of appreciation to Siemens citing the latter's help in recovering the flooding of the Nangcheon Stream at Pohang Steelworks in September last year.

The two companies discussed strengthening mutual cooperation and finding new business opportunities. In response to Posco's eco-friendly steel brand Greenable, Siemens proposed supplying high-performance and high-efficiency control systems to POSCO. The German firm also decided to cooperate in smart factories and carbon-neutral areas, which is a common interest between the two companies. Posco plans to introduce its eco-friendly steel brand Greenable and actively respond to Siemens' demands for eco-friendly projects. Greenable is Posco Group’s own green brand for specialized steel products and solutions used to produce, transport or store eco-friendly energy such as wind power, solar power, and hydrogen.

Posco Group's Vice Chairman, Mrr. Kim Hak-dong, believes that "Strengthening business partnerships with Siemens will be of great help to Posco becoming competitive in the global market," adding, "We hope for more exchanges in the supply of eco-friendly materials and energy-saving factory control facilities to materialize strategic cooperation between the two companies."

Siemens' CEO, Mr. Roland Busch, sees the collaboration as a great opportunity to expand the company's business in South Korea and said, "We will continue to seek various ways to collaborate and work together for the sustainable growth of both companies." The partnership between the two companies is expected to lead to further innovation in the steel industry while also promoting eco-friendly solutions.

Bijlage:

voda 28 april 2023 10:32

0

Acerinox's Q1 Results Show Strong Improvement Over Q4 2022

Acerinox, the Spanish stainless steel company, has reported a significant improvement in its first-quarter results, with an increase in profit after taxes and minorities to EUR 136 million. The company's EBITDA for Q1 2023 was EUR 226 million, which is 2.5 times higher than in the final quarter of 2022. The revenue for the quarter was EUR 1,782 million, representing a 5% increase compared to the previous quarter. The increase in demand has led to increased production, with the Stainless Steel Division reporting a 36% increase compared to the previous quarter.

Mr. Bernardo Velázquez, CEO of Acerinox, said that the company is optimistic about the future, thanks to the better situation in the North American stainless steel market and the robust high-performance alloys sector. He expects a slightly higher EBITDA in the next quarter compared to the first quarter of the year.

Acerinox expects a slightly higher EBITDA in the second quarter, thanks to a strong North American stainless steel market and a robust high-performance alloys sector. The company also reported that inventory in its main markets is reaching normal values following strong importation rates in 2022.

Acerinox is a major player in the stainless steel industry, with a strong presence in Europe and North America. The company has manufacturing facilities in Spain, the USA, South Africa, and Malaysia. Acerinox specializes in the production of flat and long stainless steel products, and its products are used in a wide range of industries, including construction, automotive, and household appliances.

voda 28 april 2023 10:33

0

Vietnamese Steel Industry Faces Uncertainty over CBAM

Steel manufacturers in Vietnam are apprehensive about the new procedures that come with the implementation of the European Union’s Carbon Border Adjustment Mechanism. Vietnamese steel companies are finding it challenging to provide accurate data regarding greenhouse gas (inventory from Scope 1 to Scope 3 emissions. The lack of specific guidance from authorities for GHG inventory for the steel sector is adding to the uncertainty.

The EU Parliament recently passed a regulation on the CBAM, which will be a reporting obligation starting on October 1, 2023, and will include financial adjustments on imports of iron, steel, cement, aluminium, fertilisers, electricity, and hydrogen beginning in 2026. The new requirements are expected to create barriers for exporters, particularly for steel manufacturers, as the EU is one of the top export markets for Vietnamese steel products.

Under the CBAM, importers do not have to pay for exceeded emissions compared to the permitted threshold during the reporting obligations period from October 2023 to 2025. However, from 2026, payment will be made under the appraisal of the intermediate party with strict rules.

The CBAM will directly affect the export of Vietnamese steel products to the EU, which accounts for roughly 1.3 million metric tonnes of the total quantity of steel Vietnam exported in 2022.

voda 28 april 2023 10:33

0

Flack Metals Unveils Service Centre in North Shore Steel in Texas

Flack Metals has announced the grand opening of its first-ever processing facility, a sprawling 60,000 square foot metals service centre situated on the campus of North Shore Steel, which is located in close proximity to the bustling port of Houston, Texas. The facility will offer cutting-edge metal processing capabilities to its clients, including shearing, sawing, laser cutting, and other value-added services.

According to Mr. William K. Flack, President of Flack Metals, "Our state-of-the-art facility in Houston has been designed to provide unparalleled service and support to our customers in the region, and we are extremely proud to bring our operations to the heart of Texas." He added, "Our cutting-edge equipment, skilled team, and strategic location near the port of Houston will enable us to provide a wide range of metal processing services to our clients across the United States."

Flack Metals, a leading player in the global metals market, boasts a diversified portfolio of products and services, including ferrous and non-ferrous metal distribution, metal processing, and supply chain management services. The company has a rich history of innovation, and it is committed to using cutting-edge technologies and practices to provide its clients with the highest-quality products and services.

North Shore Steel, on the other hand, is a well-established steel service centre that has been providing high-quality steel products and services to customers in the Gulf Coast region for over 40 years. With its strategic location near the port of Houston and its state-of-the-art facility, the company is well-positioned to meet the growing demand for steel products and services in the region.

voda 28 april 2023 10:33

0

PrimeSource Building Products & Oman Fasteners Seek Rehearing of Section 232 Tariffs

On April 24, 2023, plaintiffs PrimeSource Building Products and Oman Fasteners filed a Petition for Rehearing En Banc at the US Court of Appeals for the Federal Circuit, challenging former President Donald Trump's imposition of additional Section 232 national security tariffs on derivatives of certain imported steel articles.

The prior three-judge panel, which upheld the president's authority to expand national security tariffs even after certain statutory deadlines had passed, ignored the plain language of Section 232 of the Trade Expansion Act of 1962, according to the petitioners.

The petitioners also argue that the panel abandoned strict limitations on presidential power under Section 232 that were set forth in an earlier appellate decision in Transpacific Steel LLC v. United States. The three-judge panel has done "far greater violence to the procedural safeguards Congress built into Section 232" by doing so, according to the petitioners.

If the three-judge panel's decision stands, the President will enjoy unbounded legislative power to regulate foreign trade to take any action, at any time, targeting any imported product, so long as at any point in the past, the Secretary of Commerce made a threat determination regarding either the targeted product or any material used to make that product. Given its profound expansion of the Executive's power, this case merits rehearing by the Court en banc.

voda 28 april 2023 10:33

0

Greenland Resources Molybdenum Project on Track

Greenland Resources has made significant progress in its Malmbjerg Molybdenum Project. The company has signed MoU's and letters of intent with six molybdenum end-users, including large EU investment-grade metallurgical steel and chemical companies, and has also built solid relationships with international mining and process equipment providers. The company is now expected to receive equipment financing from government export development banks in these jurisdictions.

The project has received positive feedback from various sources, including the President of Nuna Group of Companies, a Canadian majority Inuit-owned civil construction company, and mining executives from a Canadian bank. In addition, the company is in ongoing discussions with potential strategic partners and has been invited to participate in a roundtable with the Vice President of the European Commission.

The permitting process is proceeding as expected, and the company has received initial comments from the regulators regarding the Social Impact Assessment. The Environmental Impact Assessment comments are expected shortly. The company is also expanding its scope of the signed sponsorship agreement with the Kommuneqarfik Sermersooq municipality, helping the local community beyond legal obligations.

The company's focus remains on capex financing, equipment, and construction providers, offtakes directly with end-users, and permitting. Greenland Resources is confident in its progress and looks forward to advancing the project further.

voda 28 april 2023 10:34

0

Kogi Court Halts Sale of Ajaokuta Steel

A recent court ruling in Kogi State in Nigeria has put a stop to the Nigerian government's plan to concession the Ajaokuta Steel Company Limited and the National Iron Ore Mining Company. The FG had initiated the concession process for the two companies, but a suit filed by the Attorney-General of Kogi State called for a stay of action on the concession process pending the determination of the substantive matter on it before the court.

The motion was brought pursuant to Order 11, Rules 7 of the Kogi State High Court (Civil Procedure Rules) 2006. Hon. Justice Josiah Majebi, the Chief Judge of the state and presiding judge of the High Court 1, granted the application for an interim injunction against the defendants from proceeding with the concession of the two companies.

Justice Majebi found substance in the motion and granted the application, stating that the claimant had established a "prima facie case on a claim of right" to the companies, and that unless the court intervened, the defendants would have completed the process of concession in less than 30 days, which is before the period of 30 days allowed by the rule of court for the defendants to file their defense.

The defendants in the matter include the Attorney-General of the Federation, the Ministry of Mines and Steel Development, the Bureau of Public Enterprise, Ajaokuta Steel Company Limited, and the National Iron Ore Mining Company. The motion on notice has been scheduled for hearing on May 4, 2023.

The ruling has brought relief to the people of Kogi State, who are keen on retaining control of the companies in their state. While the FG had commenced the concession process for the two companies, the ruling has halted the process temporarily until the matter is determined in court.

voda 28 april 2023 10:34

0

Grupo Simec Sales Shrinks in Q1 of 2023

Based on the Grupo Simec announcement, their net sales for the first quarter of 2023 decreased compared to the same period in 2022. Operating income decreased from Ps. 3,325 million in 2022 to Ps. 2,678 million in 2023, and EBITDA decreased from Ps. 3,605 million in 2022 to Ps. 2,959 million in 2023.

This was due to a decrease in sales price and shipments of steel finished goods. Total sales outside of Mexico also decreased by 26%, while Mexican sales decreased by 5%.

In addition, the cost of sales decreased from the first quarter of 2022 to the same period in 2023. Gross profit decreased by 17% during the same period, and general, selling, and administrative expenses increased by 13%.

voda 28 april 2023 10:34

0

CIT Vindicates Turkish Rebar Exporter, Faults DOC's Calculation

The Court of International Trade has granted Turkish rebar exporter relief from anti-subsidy tariffs imposed by the US Department of Commerce. The ruling came after the court found that the department had not adequately explained its low support calculation, which the Turkish company cited as unfair. The decision is significant victory for the Turkish rebar industry, which has been contending with tariffs and trade disputes with the US in recent years.

The case highlights the importance of fair trade practices and the need for transparency in the imposition of tariffs. Speaking on the ruling, a representative from the Turkish rebar exporter stated, "We are pleased with the court's decision, which recognizes the importance of a level playing field in global trade. We have always maintained that we have not received any subsidies, and this ruling vindicates that position."

This decision has implications not only for the Turkish rebar industry but also for other companies facing similar challenges. As the global trade landscape continues to shift and evolve, it is critical for governments to maintain transparent and fair practices to ensure a stable and thriving economy.

voda 28 april 2023 10:36

0

Polish demand falters, alternative origins replace Russian imports
334 Views

Polish steel consumption saw a big drop in 2022. Although imports from Russia fell significantly amid sanctions, intake from countries that have not sanctioned Russia rose sharply, Polish Steel Association (HIPH) chief executive Miroslaw Motyka pointed out at an industry event on Wednesday.

Poland, which for many years stood out with steel production and consumption growth while other EU countries reported declines, has now also joined the downtrend. Crude steel output and apparent steel consumption fell 14% and 12% respectively on-year in 2022. The latter was at 13.3 million tonnes after record use of 15.3mt in 2021.

Despite non-EU-origin imports falling 27% on-year in 2022 to 3.06mt, imports took a larger share in demand, resulting in the loss of $6 billion of local steel production, enough to invest in a small modular reactor, Motyka said at the European Economic Congress in Katowice attended by Kallanish.

Although Russia-origin steel imports fell to 467,000t in 2022 from 1.63mt in 2021, intake increased from China, Turkey, India and Indonesia. These countries still import steel from Russia, resulting in a form of EU sanctions circumvention, Motyka suggested. Interestingly, Serbia, which also does not levy Russia sanctions, became Poland’s fourth-largest non-EU steel supplier last year with 194,000t.

At the same time, Polish steel demand is dropping amid a “crisis” in the residential housing industry, Motyka observed. The construction sector overall accounted for 42% of Polish apparent steel consumption in 2022.

Polish steel distributor association PUDS’s ceo Iwona Dybal meanwhile said steel inventories have been at low levels since last July and there are no signs of restocking, meaning her sector does not expect a demand rebound. Last December, Polish consumption fell to a record monthly low below 700,000t.

However, asked if the war has seen Ukraine increase steel supply to Poland, Dybal said Ukraine’s steel production was only 6.3mt last year, with around 600,000t of exports to Poland versus 1.2mt a year earlier. EU safeguards on Ukraine are suspended, but imports have anyway been nowhere close to reaching the thresholds. “If there were safeguards and no war, there would probably be more Ukrainian steel coming to Poland – so Ukrainian steel is not flooding the Polish market,” she commented.

Stalprofil ceo Henryk Orczykowski agreed demand has dropped since last July amid a lack of public and private investment. He foresees the second and third quarters remaining difficult and said distributors are counting on the unblocking of EU funds to spur demand from investment projects.

Adam Smith Poland

voda 28 april 2023 18:16

0

ArcelorMittal trekt 25 miljoen aandelen in

Impact voor quorum jaarvergadering nihil.

(ABM FN-Dow Jones) ArcelorMittal heeft 25 miljoen eigen aandelen ingetrokken om het aantal eigen aandelen dat het bedrijf aanhoudt binnen passende niveaus te houden. Dit meldde het staalbedrijf vrijdag nabeurs.

Deze annulering houdt rekening met de aandelen die al zijn ingekocht in het kader van het op 29 juli 2022 aangekondigde aandeleninkoopprogramma, dat op 31 maart 2023 werd voltooid.

Als gevolg van deze annulering zal ArcelorMittal 852.809.772 aandelen in omloop hebben, vergeleken met 877.809.772 vóór de annulering.

Aangezien de ingetrokken aandelen reeds in eigen bezit waren op de registratiedatum van 18 april 2023 voor de jaarlijkse en buitengewone algemene vergaderingen die plaatsvinden op 2 mei 2023, is de impact op de berekening van het quorum voor de algemene vergaderingen volgens de wet nihil.

Door: ABM Financial News.

info@abmfn.nl

Redactie: +31(0)20 26 28 999

Vertraagd	14 feb 2025 11:03
Koers	27,260
Verschil	-0,440 (-1,59%)
Hoog	27,410
Laag	26,030
Volume	983.046
Volume gemiddeld	2.580.319
Volume gisteren	4.408.986

11 feb	Von der Leyen verwerpt Amerikaanse im...	2
10 feb	Trump dreigt met importheffingen op s...
09 feb	ArcelorMittal en Aperam weekwinnaars
07 feb	Deutsche Bank verhoogt koersdoel Arce...
06 feb	Beursblik: ArcelorMittal overtreft ve...
06 feb	AEX opent waarschijnlijk hoger. Let o...	2
06 feb	ArcelorMittal ziet verlies afnemen	1
05 feb	Beursblik: beter vierde kwartaal bij ...
03 feb	Deze 5 aandelen kunnen deze week voor...
03 feb	Video: optimisme beursexperts volledi...	1

Arcelor Mittal « Terug naar discussie overzicht

Nieuws en info hier plaatsen (deel 4)

Meedoen aan de discussie?

Direct naar Forum

Detail

ArcelorMittal nieuws meer