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voda 7 juli 2016 19:55

Mr Sajid Javid heads to India to meet Tata steel top brass

The Telegraph reported that UK’s Business Secretary Mr Sajid Javid is to fly to Mumbai for talks with executives at Tata, in an attempt to get the stalled sale of the company’s UK steel business back on track. His trip ahead of board meeting of the Indian conglomerate was revealed by Ms Anna Soubry, the business minister, as she gave evidence to a committee of MPs examining how to preserve jobs and growth in the European steel industry.

In April, Indian conglomerate Tata announced it would sell its UK steel operations, throwing into jeopardy the jobs of its 11,000 staff and potentially twice as many positions in the supply chain.

The Government offered to take a 25pc equity stake alongside a new owner, offered hundreds of millions in support and pushed for a deal to rid the business of its millstone GBP 14.7 billion pension fund as it tried to attract a buyer and preserve steelmaking in the UK.

Seven bidders were taken through the first round of the sale process, but this then stalled with industry insiders saying that Tata was set to retain the business as the inducements on offer made holding on to it tenable.

However, the result of the EU referendum has thrown the process into chaos, with uncertainty over Britain’s economic future raising questions about the viability of the steel industry and the sale.

Source : The Telegraph

Bijlage:

voda 7 juli 2016 19:56

Primetals Technologies and PSI cooperate on production management solutions for steel industry

Primetals Technologies Germany GmbH, Erlangen, and PSI Metals GmbH, Düsseldorf, have signed a cooperation agreement on the sale and implementation of Industry 4.0 (Industrial Internet) production management solutions for the steel and aluminum industries.

Source : Strategic Research Institute

voda 7 juli 2016 19:57

Chaudhary Birender Singh takes charge as new Steel Minister

The Hindu Business Line reported that Rajya Sabha MP Chaudhary Birender Singh has taken charge as the new Steel Minister at a time when the sector faces low prices and high debt. Mr Singh, who joined the BJP in 2014 after ending a 42-year association with the Congress, was earlier Rural Development Minister.

In the Steel Ministry, his immediate challenge will be to convince the Finance and Commerce Ministries to extend the minimum import price on more than 170 steel products.

He said “I’m result oriented and I will work towards making the sector better.”

He added that he wants the make the steel sector progressive and globally competitive to face the challenges posed by the current world scenario with a futuristic roadmap.

On Mr Singh’s new agenda is a financial package for the steel sector that is currently being worked out.

Source : The Hindu Business Line

Bijlage:

voda 7 juli 2016 19:58

Tata Steel UK could be nationalised – Ms Anna Soubry

The Guardian reported that UK’s minister for small business Ms Anna Soubry said that the British government would consider nationalising Tata Steel, as leaving the EU could further damage the struggling steel industry.

Giving evidence to MPs on a joint select committee session about the steel industry, Anna Soubry said she remains confident that Tata Steel will find a buyer for its UK business, despite economic volatility triggered by the Brexit vote. She renewed the government’s pledge that it stands ready to lend money “on commercial terms” to any eventual buyer, or take an ownership stake in the business.

She said “When we faced the crisis with Tata … you can be assured we looked at all options and one of those was whether or not, my phrase, to ‘buy it for a quid’. When you make political determination that you’re going to keep at least one of the blast furnaces at Tata’s Port Talbot steelworks open, you look at all options.”

The government has suggested it could co-invest with a potential buyer by taking a 25% stake in the business.

Ms Soubry also did not rule out full nationalisation on a temporary basis, if the sale process collapses.

Ms Soubry, who campaigned to remain in the EU, also warned that Brexit could have profound consequences” for the British steel industry, regardless of Tata’s sale process. Steelmakers have struggled under the burden of high energy costs and the dumping of cheap steel onto the market by Chinese firms.

Source : The Guardian

Bijlage:

Marinus-86 7 juli 2016 20:26

voda; je lijkt mij heel erg bijdehand, ik kan dit redelijk volgen maar we leven nog (gelukkig)in Nederland dus doe het gewoon iets wat jij denkt belangrijk is doorgeven in onze moerstaal oke

voda 7 juli 2016 20:44

quote:
popie schreef op 7 juli 2016 20:26:
voda; je lijkt mij heel erg bijdehand, ik kan dit redelijk volgen maar we leven nog (gelukkig)in Nederland dus doe het gewoon iets wat jij denkt belangrijk is doorgeven in onze moerstaal oke

Nogmaals, 99.99% van al het staalnieuws komt uit alle landen behalve Nederland. De voertaal is Engels. Ik kan daar niets aan veranderen. Je moet het gewoonweg accepteren.

BTW, er bestaan ook vertaal machines (software) hoor. Probeer eens Google Translate, of iets anders.

voda 8 juli 2016 15:18

China wil rem op productie kolen en staal

Overheid mikt op productiebeperking van 15 procent.

De Chinese regering wil de productie van kolen en staal aan banden leggen. Dit heeft de regering in Beijing vrijdag aangegeven.

Binnen een periode van vijf jaar moet de productie met 15 procent verlaagd zijn, waarvan de eerste 10 procent al in de komende twee jaar moet zijn gerealiseerd.

De maatregel dient om de overproductie van kolen en staal in China een halt toe roepen, aldus een overheidsfunctionaris tijdens een vergadering van 25 kolen- en staalfabrikanten die eigendom zijn van de Chinese overheid.

Eerder dit jaar liet China al weten 100 tot 150 miljoen ton minder ruw staal en 500 miljoen ton kolen te willen produceren in de komende vijf.

Door: ABM Financial News.

Info@abmfn.nl

Redactie: +31(0)20 26 28 999

Copyright ABM Financial News. All rights reserved

(END) Dow Jones Newswires

voda 8 juli 2016 15:46

Steel shipments in US in May up by 3.8% MoM

The American Iron and Steel Institute reported that for the month of May 2016, U.S. steel mills shipped 7,661,979 net tons, a 3.8 percent increase from the 7,379,330 net tons shipped in the previous month, April 2016, and a 6.8 percent increase from the 7,175,211 net tons shipped in May 2015. Shipments year-to-date in 2016 are 36,509,450 net tons, a 0.8 percent increase vs. 2015 shipments of 36,222,206 net tons for five months.

Source : Strategic Research Institute

voda 8 juli 2016 15:48

Concernpresentatie van voestalpine boekjaar 2015/16

www.voestalpine.com/group/static/site...

voda 8 juli 2016 15:49

Nippon Steel & Sumitomo Metal develop lighter but stronger steel for auto

Nikkei reported that Nippon Steel & Sumitomo Metal has developed an automotive steel sheet that is 20-30% lighter and 25% stronger than the toughest high-tensile steel now on the market, hoping to help carmakers build more fuel-efficient, safer vehicles. The company is conducting verification tests and will start marketing the product around 2020 for use in vehicle frames, chassis and other components.

Currently, the highest grade of cold-rolled steel offered by major steelmakers has a strength of 1,180 megapascals. Nippon Steel's new, lighter material has a strength of 1,470 megapascals.

By improving the heat treatment process and adding alloy elements, Nippon Steel improved both strength and ease of rolling. The material is resistant to cracks from the stamping process.

The company hopes to keep the price flat with current top-of-the-line offerings.

The material is not as light as aluminum alloy or plastic reinforced with carbon fiber. But its price is only a third to half that of aluminum -- with processing costs factored in -- and about 1/20 that of carbon-fiber plastic.

Automakers are scrambling to meet increasingly tight fuel-economy regulations worldwide by employing lighter materials in vehicles. Nippon Steel thinks its new product fits the bill -- at a reasonable price.

Source : Nikkei

voda 8 juli 2016 15:51

voestalpine in pole position with automotive innovation phs-directform®

Technology and capital goods group voestalpine continues to power ahead with its expansion in the automotive sector. At its site in Schwäbisch Gmünd, Germany, in close proximity to many automotive customers, the company has set another milestone in lightweight automotive construction: with the opening today of the world’s first phs-directform® facility, it is now possible to produce press-hardened, ultra high-strength, and corrosion-resistant body-in-white parts from galvanized steel strip in a single step (direct process). This technology is the first of its kind in the world, and meets the automotive industry’s most sophisticated demands for even lighter, stronger, and therefore safer components, manufactured using a highly efficient process.

As part of its Group Strategy 2020, voestalpine is once again driving its growth in the future market of mobility, and in the automotive, railway, and aerospace industries in particular. During the business year 2015/16 the Group generated EUR 5.3 billion, or 48 percent of Group revenue, in this customer segment. The goal is to increase this figure to 50 percent by 2020. Thirty-two percent of total Group revenue in the mobility industry is generated in the automotive sector.

„We strive for permanent innovation in demanding niche segments in order to continually strengthen our global technology and quality leadership. Developing premium-quality lightweight automotive components is a key part of our long-term strategy of continuous growth through working closely with customers in the future market of mobility.“

www.voestalpine.com/group/en/press/pr...

voda 8 juli 2016 15:54

JSW Steel crude steel production of 3.8 million tonnes in Q1

JSW Steel has reported highest ever Quarterly Crude Steel Production of 3.87 Mn tonnes for 1Q FY 2016-17 with a growth of 14% over corresponding quarter (1Q FY 2015-16) and 21% over sequential quarter (4Q FY 2015-16).

Source : Strategic Research Institute

voda 8 juli 2016 15:55

US steel import share in June seen at 25% - AISI

Based on the Commerce Department’s most recent Steel Import Monitoring and Analysisdata, the American Iron and Steel Institute reported today that steel import permit applications for the month of June total 2,907,000 net tons.
To access the above information, you are required to upgrade your service.

Source : Strategic Research Institute

voda 8 juli 2016 15:57

Only one bidder left in Tata Steel UK talks –ITV News

ITV News reported that there is only one bidder left with any serious chance of buying Tata Steel UK, but a deal is unlikely to be any time soon, as others hit out at the company's unprofessional sales process. As per report Mr Sanjeev Gupta’s Liberty House has taken an almost unassailable lead over the other six contenders, including the management buyout team, Excalibur Steel UK.

Tata has been in regular meetings with Liberty House and although publicly the company is still considering all bids, sources close to the talks have confirmed Tata is only dealing with Liberty House.

However, while Liberty House is still able to reach a deal with the Indian based firm, it is understood to be unlikely any time soon.

When the Tata Board meets tomorrow in Mumbai it is expected that they will agree to keep running their UK business for the foreseeable future.

Tata could cite Brexit having caused commercial and political uncertainty in the UK as a reason not to sell - but in reality, Tata Steel UK is now in profit by an estimated £15m in the last quarter, and there is no reason to rush.

Source : ITV News

Bijlage:

voda 8 juli 2016 16:01

British Steel takes on 80 new workers in Scunthorpe

Scunthorpe Telegraph reported that British Steel has taken on around 80 new employees at its Scunthorpe site. It has given permanent contracts to the agency workers – the majority in the mills and heavy side of the business.

Mr Paul Martin, British Steel's Human Resources Director, said "We are delighted to announce that around 80 agency workers are now becoming permanent employees. These are vital roles within our business and the appointments will only serve to further strengthen the highly-skilled workforce we have. British Steel is renowned for the quality of the products we make and the top class services that we deliver to our customers. This is all down to the talent and skills of our employees. This is an extremely exciting time for us and we welcome all the new employees to the British Steel family. I am sure they will continue to make a major contribution and ensure British Steel goes from strength to strength."

The announcement comes as part of British Steel's commitment to providing high quality training across the whole business, in this case for manufacturing team leaders and team members.

Source : Scunthorpe Telegraph

voda 8 juli 2016 16:02

Dillinger starts new 500 mm thick slab caster

It is a project without parallel: the new continuous casting machine CC 6. With an investment volume of more than EUR 400 million, the biggest single investment at the Dillingen steel plant will allow production of the world’s thickest slabs (500 millimeters). Its official presentation on 5 July 2016 will be attended by Saarland’s Minister-President Annegret Kramp-Karrenbauer and Saarland’s Minister of Economic Affairs Anke Rehlinger.

Source : Strategic Research Institute

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voda 8 juli 2016 16:02

Tata Steel not rushing UK sale amid bailout promises - BBC

BBC reported that it understands that Tata Steel is expected to announce on Friday that it will pause on the sale of most of its UK business.

Meanwhile the British government's offer of financial aid to Tata Steel UK and to potential buyers of its assets is still on the table, Business Minister Anna Soubry said on Wednesday, despite Britain's shock vote last month to leave the European Union. Seeking to avoid thousands of job losses, the government had offered millions of pounds in support for the company and its potential buyers. It also pledged to take a 25 per cent equity stake in Tata Steel UK and reform the British Steel Pension Scheme (BSPS).

Speaking at a special steel enquiry in parliament on Wednesday, Soubry said, that there is no change, the offer is still there.

Reforming the deficit-laden BSPS, which has some 130,000 members, is a major stumbling block for any buyer of Tata Steel's UK assets, and Soubry said reforms will take time.

The business minister, who opposed Britain leaving the EU, said she was still confident a buyer could be found, even as some MPs referred to reports that Tata Steel had put the sale process on hold.

Source : domain-b.com

voda 8 juli 2016 16:09

EU initiates antidumping probe against Russian hot-rolled steel

Business & Economy
July 07, 10:23 UTC+3

The probe will cover "flat-rolled products of iron, non-alloy steel or other alloy steel" from Brazil, Iran, Russia, Serbia and Ukraine

BRUSSELS, July 7. /TASS/. The European Union initiated an antidumping probe against supplies of hot-rolled steel from Russia, Brazil, Iran, Serbia and Ukraine. The statement to this effect was published in the EU official journal on Thursday.

"The European Commission (EC) has received a complaint pursuant to Article 5 of Council Regulation ia and Ukraine, are being dumped and are causing material injury to the Union industry," the EC said.

The probe will cover "flat-rolled products of iron, non-alloy steel or other alloy steel," the EC said.

Earlier, the European Commission launched and anti-dumping investigation in respect of cold-rolled steel from Russia and China. Deliveries from Russia, China and Ukraine make up about 60% of the total steel imports to the European Union.

tass.ru/en/economy/886842

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voda 8 juli 2016 16:10

Yangtze River rainstorms may raise steel prices in China - Report

China Daily reported that the continuous rainstorms along the Yangtze River are likely push up steel prices in the short term but won't have much effect on the prices in the long run, as steel producers reported improving conditions at plants where production was negatively affected. The rainstorms, which started at the end of June, have affected 23 million people in central China, causing direct economic losses of CNY 38.2 billion

A survey conducted by mysteel.com found that 17 steel smelters in Jiangsu, Anhui, Hubei, Hunan and Jiangxi provinces have been affected. It found that a total of 37,250 cubic meters of production capacity were shut down and 21 steel rolling lines suspended. Daily production has been cut by 57,800 tons, representing 25 percent of output of the affected businesses.

The survey said most of the smelters have around 10 days stocks of raw materials. It said steel stocks have been rising due to the suspension of shipping and raw material supplies have not been very high.

A spokesman for Wuhan Iron and Steel (Group) Corp said production processes had been affected to different degrees, including its coking, sintering, puddling operations and the company's steel rolling lines were affected by a power blackout. Spokesman Mei Yun said the plant had been partly flooded, but production was set to resume on Thursday night.

Rail transportation in parts of Ma'anshan, Anhui province, was suspended on Sunday in the face of rising water levels. Ma'anshan-based Magang (Group) Holding Co Ltd was at one point facing production suspension due to its low stock of coking coal, said company spokesman Lu Bin.

Source : China Daily

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Opwegnaar 9 juli 2016 12:57

Voda bedankt voor je immer uitgebreide en interessante informatie over de staalmarkt.

Een goed weekend!!

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