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1. voda 8 december 2015 19:26

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   ThyssenKrupp plans to shut down Hoesch Hohenlimburg HSM
   
   Germany ThyssenKrupp decided to shut down its Hoesch Hohenlimburg plant in Northwestern of Germany. The shut down period will begin on December 14- January 2 in next year.
   
   Currently, the mill's annual production capacity is 1.3 million tons, with product sizes are available width of 720mm, dimension of 1.5-1.6mm.
   
   According to market sources, shutting down may be related to weak market demand, but mainly because of the factory to install welding equipment in pickling lines.
   
   Source : Yieh
   
2. voda 8 december 2015 19:26

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   Mexico plans to lift temporary tariffs on Chinese steel imports
   
   According to Mexico's iron and steel sector planned to increase 15% of temporary tariffs on Chinese steel imports.
   
   Mexico government will work together to study the feasibility plan in order to prevent unfair competition of Chinese steel products.
   
   Meanwhile, Mexico’s September steel production fell by 4% year on year, but Mexican steel consumption increased by 10.8% year on year. Obviously, the import steel will injury domestic market in long term.
   
   Source : Yieh
   
3. voda 8 december 2015 19:30

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   Ezz Steel cuts rebar prices for December sales
   
   Egypt Iron and steel producers, Ezz Steel announced to cut its December domestic steel prices at US$33/ton. Currently, Egypt’s grade 4682 offers at US$598/ton, the ex-factory price, including VAT 8%.
   
   Market participant pointed out the sluggish market demand would lead rebar price to fall further in short term.
   
   Source : Yieh
   
4. voda 8 december 2015 19:32

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   Japan’s H-beam exports declined 13% in October
   
   The latest export statistics released by the Japanese Ministry of Finance (MoF) indicates that the country’s H-beam exports totaled nearly 42,000 tons during the month of October this year.
   
   The H-beam exports by Japan were down by 12.7% when compared with the previous month. The September exports by the country had totaled over 48,000 tons. When compared with the same month a year before, the H-beam exports were up by almost two times.
   
   According to MoF data, the country’s H-beam export prices averaged around US$ 509 (Yen 61,000) per ton FOB during the month. The export prices have dropped by almost Yen 1,000 from the previous month.
   
   The largest export destination of Japanese H-beams in October this year was Hong Kong. The exports to Hong Kong totaled 11,000 tons, constituting more than one-fourth of the total exports by the country. The second largest importer of Japanese H-beams was the UAE with almost 23% export share of Japan during the month. The exports to the UAE totaled 10,000 tons. In third place was South Korea with 5,000 tons.
   
   The cumulative H-beam exports by Japan during the initial ten-month period of the year totaled 414,200 tons, up by nearly 46% when matched with the corresponding period last year.
   
   Meantime, H-beam imports by Japan in October this year totaled 1,000 tons, significantly down by 69% from previous month. The imports declined by almost 75% when matched with the previous year. All of H-beam imports during the month were from China. There were no imports from Korea. This is the second straight month that imports from Korea have remained nil. Also, cumulative imports during the first ten-year period of the year dropped sharply by 66% to 25,000 tons.
   
   Source : Scrap Monster
   

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5. voda 8 december 2015 19:33

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   Zaporizhstal’s steel output down in November YoY
   
   Ukraine iron and steel producers Zaporizhstal, announced its finished steel output down 29.6% year on year, to 205,300 tons; crude steel output down 10.2% year on year, to 306,300 tons; pig iron production down 0.7% year on year, to 314,000 tons.
   
   During the first eleven months of this year, Zaporizhstal’s pig iron production rose 8% year on year, to 3.45 million tons; crude steel output down 0.4% year on year, to 3.6 million tons; finished steel output down 2.1% year on year, to 3.05 million tons.
   
   Source : Yieh
   
6. voda 8 december 2015 19:34

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   Ohio Court dismisses lawsuit against Essar Steel Algoma
   
   On December 3, 2015, in recognition of Essar Steel Algoma Inc’s current Stay of Proceedings, the matter of Cleveland-Cliffs vs. Essar Steel Algoma Inc. was dismissed by the Court for the Northern District of Ohio without prejudice.
   
   This ruling encompasses the lawsuit filed by Cleveland-Cliffs on January 12, 2015 against ESAI in the amount of approximately US$90 million and ESAI’s counter-claims against Cleveland-Cliffs filed February 13, 2015 for damages in excess of US$164 million.
   Essar Steel Algoma’s Chief Executive Officer Kalyan Ghosh commented on the development, “We are very pleased with this decision by the Ohio Judge. We believe the issues between Cliffs and the Company can be effectively addressed in conjunction with the CCAA proceeding and, if required, the US chapter 15 Court. The Ohio Court's action appears consistent with this belief.”
   
   Source : Soo Today
   
7. voda 8 december 2015 19:36

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   Steel division of thyssenkrupp launches “one steel” strategic program
   
   The steel business of thyssenkrupp has launched a “one steel” strategic program to secure its long-term competitiveness. Following a strong focus on cost reduction measures in recent years and successful financial stabilization, the steel business now aims to maintain and continuously improve its performance with the ‘one steel’ strategic program. “The only way we can make our business sustainable and achieve success in a difficult market environment is from a position of strength,” says Andreas Goss, CEO of thyssenkrupp Steel Europe AG. Under the program, strategic initiatives will be bundled together, managed centrally and implemented systematically in the coming years. “The aim of one steel is for us to continually earn more than our cost of capital,” says Goss.
   
   “one steel” bundles together key levers and success factors for the steel business in twelve initiatives, grouped into the four categories “Change Management”, “People Success”, “Performance Orientation” and “Customers & Markets”. Important levers are a stronger market and customer orientation, further efficiency gains in production, further optimization of the product range towards high-margin grades, accelerated development and delivery of innovations, and clear performance improvements in the supply chain.
   
   “Generally speaking we have to rethink the way we do things, the way we produce steel and bring it to market, and make our business more efficient and more customer-oriented. ‘one steel’ will help us in this,” explains Goss. “The program aims to strengthen our internal competences – also through further cultural change – and is therefore designed for a period of five years,” says the CEO. “At the end of this period we will have created a sustainable company, with an effective IT infrastructure, efficient processes and a performance- and customer-oriented culture, that is number one in Europe in all relevant markets and generates sustainable value.”
   
   With the optimization program “Best-in-Class Reloaded” launched in 2013 Steel Europe has already achieved significant efficiency gains totaling over 600 million euros, thereby securing the profit of the steel division. In fiscal year 2014/15 the European steel business increased its earnings to around 500 million euros and earned its cost of capital. However the situation on the steel markets has not stabilized as hoped but has worsened considerably in recent months. Chinese overproduction is increasingly being diverted to Europe, resulting in regional supply overhangs. In addition the European steel industry could face further unilateral burdens such as the need for additional CO2 allowances. These adverse factors are putting considerable pressure on the European steel business.
   
   Source : Strategic Research Institute
8. voda 8 december 2015 19:38

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   Mirrors’s Save Our Steel campaign raises GBP 16,000
   
   Mirror reported that generous readers have helped raise £16,000 for redundant steel workers who faced a bleak Christmas. And there is still time to do your bit for our Help Rudolph Reach Redcar appeal.
   
   Firms have already been donating toys – and we are also looking for gifts for teens to make it a more magical Christmas.
   
   More than 2,000 workers were laid off in October after SSI steelworks went into liquidation. The Thai-based firm used pension contributions to prop up the business – and staff lost thousands.
   
   Almost £4,000 was raised by Ben Hebden, nine, of Marske in Redcar, who is organising a Christmas party. And £6,500 was added after an International Steel Trade Association lunch.
   
   Teesside councillor Brian Dennis, who worked for SSI for 26??years, said: “It’s overwhelming. It will put smiles on faces at Christmas.”
   
   Source : Mirror
   

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9. voda 8 december 2015 19:39

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   JSW awaiting to get captive iron ore mines since 1997
   
   Express News Service reported that JSW Steel Ltd, located in Ballari, which crossed the production of 10 mega tonnes of steel production annually at a single location, is still waiting to get its own mines as it has to depend on exported ore.
   
   Mr P Rajashekhar, president operation said, “The JSW Steel Vidyanagar was commissioned in 1997 as a hot strip mill. In the MoU it signed with the state government, it was mentioned that the plant will be given its own mine. However, till date the plant is operating on exported ore.”
   
   Mr Rajashekhar said, “Keeping in mind the motif of Make in India, JSW Steel Plant is among one of the pioneers, who believe in this idea propagated by the Prime Minister and is devoted to the cause, but the production of steel could be much cheaper if we get to have our own mines, as the cost of buying ore is high.”
   
   Officials working at the JSW plant said that it is regarded as the world’s Corex showpiece; it was the first greenfield project in India and among the first in the world to have successfully used this technology to produce “green steel”. It houses India’s largest blast furnace and the widest hot strip mill.
   
   The plant is also recognised for its zero-effluent discharge status it reuses more than 95 per cent of process waste and low carbon footprint as it recycles 96 per cent of coke oven gas for power generation. It uses sophisticated ambient air control infrastructure and has reduced gas flaring to lower levels.
   
   Source : Express News Service
   
   
10. voda 8 december 2015 19:40

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    Metinvest improves quality of steel profiles for mine timbering
    
    Metinvest Group will supply around 150 tons of #19 special profiles made of new 20G2AF grade steel to DTEK Pavlogradugol (Dnipropetrovsk region). This product is made by Azovstal and is used for anchoring.
    
    To manufacture this product, Azovstal developed a manufacturing procedure to produce 20G2AF steel instead of standard St5ps steel, which was used earlier. Profiles for anchoring mine workings have been produced by the steel plant on a regular basis since 2013.
    
    Special bent profiles produced from the new steel grade are more resistant to corrosion. By using the new steel, the steel intensity of anchorings can be reduced by up to 20% and labour intensity by 15-20%. This also allows for extended service lives and the higher re-use of anchorings.
    
    Krasnodon Coal was the first plant to fully transition to using profiles from 20G2AF steel.
    
    Metinvest continues to extend its range of high value-added products. Its range of 20G2AF profiles includes three sizes (special bent profiles #19, #22, and #27). The company plans to sell these products on the domestic market and is exploring the possibility of exporting them to the CIS.
    
    Source : Strategic Research Institute
11. voda 8 december 2015 19:53

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    ArcelorMittal Liberia Workers Union inducts new leadership
    
    FrontPageAfrica reported that the newly inducted President of Arcelor Mittal Liberia Workers Union says the aim and objective of his administration is to investigate where the company's money is being expended. Mr Oldpa Zogbay and his lieutenants take over the workers union leadership as the world's steel giant branch in Liberia ponders a massive layoff of employees due to unfavorable market conditions.
    
    But speaking at the induction of officials of the AML workers union on, December 3 in the Port City of Buchanan in grand Bassa County, Mr Zogbay said his leadership will not harass but will look into how exorbitantly the company is spending on expatriates and other staff, which according to him, is causing the company too much loss.
    
    He said "My objective of coming in as the president is to investigate where the company money is going. When we talk about cut-down-cost, we should make sure it is for everybody; the government has to investigate cut-down-cost; management has to investigate; even the locals have to investigate."
    
    The AML Workers Union President called on the company to control its exorbitant spending on expatriates by limiting their amenities in other to safe the company during this period of economic constraints in the iron ore sector.
    
    The steel company's workers union president comments intensified the calls against the planned redundancy scheme by Arcelor Mittal Liberia. Zogbay's statement aligns with recent comments by the Secretary General, who also called for the laying off of expatriates instead of locals who, according to him are paid far less than the foreign experts.
    
    Source : FrontPageAfrica
    
12. voda 8 december 2015 19:54

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    Odisha to auction two iron ore blocks in first phase
    
    Business Standard reported that 2 iron ore blocks in Odisha would go under the hammer in the first phase. The blocks listed for auctions are Ghoraburahani-Sagasahi East block and Jhunka-Patriposi blocks with combined reserves of over 140 million tonne.
    
    State steel & mines minister Prafulla Mallick stated in a written reply to the state assembly "The survey work has been completed in respect of 12 blocks- five iron ore, five limestone, one bauxite and one manganese block. In the first phase, two blocks would be put to auctions. The state government has engaged SBI Caps as the transaction advisor for conduct of auctions."
    
    The notification for mineral blocks auctions is expected to be issued shortly.
    
    The auction platform is set to be provided by central PSU MSTC Ltd. SBI Capital Markets Ltd (SBI Caps), a fully owned subsidiary of State Bank of India is the transaction advisor for conducting mineral auctions. The transaction advisor would assist the state government in fixing floor price for auctions.
    
    To kickstart the auction process, the state government has already formed a committee under its development commissioner U N Behera. The committee's mandate is to monitor the preparatory work relating to auction of major mineral concessions including conduct of DGPS (Differential Global Positioning System) survey and preparation of tender documents.
    
    Source : Business Standard
    
13. voda 8 december 2015 19:55

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    Vale CFO hopefull of Samarco resumption
    
    Bloomberg reported that as Vale SA focuses on the multibillion-dollar cleanup of a dam collapse in Brazil, the iron-ore giant hasn’t given up hope of resuming operations at the joint venture.
    
    Chief Financial Officer Luciano Siani Pires said Friday in London “The best way to settle all the claims would be to have Samarco back into operations. We have an understanding attitude on the part of the bondholders that the best way to pursue is to try to bring the company back.”
    
    He said “Regardless of the way that develops from a legal standpoint, we are truly committed to making whole and bringing the river back no matter how we feel about the legal responsibilities, which we assign mostly to Samarco. We feel that’s just the right thing to do.”
    
    The CFO was left to lead the London leg of Vale’s annual investor tour after Chief Executive Officer Murilo Ferreira cut short his involvement to deal with fallout from what the government is calling Brazil’s worst ever environmental disaster. It’s been a big week for Ferreira: on Monday he stepped down as chairman of Petroleo Brasileiro SA and on Tuesday he hosted presentations in New York where he detailed the Rio de Janeiro-based miner’s accident response.
    
    Back in Brazil, the CEO will be analyzing the government’s 20 billion-real ($5.3 billion) compensation demand against the joint venture and its owners Vale and BHP Billiton Ltd. The Nov. 5 spill left about 20 people dead or missing and spewed billions of gallons of tailings sludge into the Rio Doce river.
    
    Source : Bloomberg
    

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14. voda 8 december 2015 19:57

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    LKAB implements structural changes with focus on the iron ore business
    
    LKAB has decided on a new group structure. The aim of the reorganization is to place greater focus on iron ore production and to secure sustainable long-term mining operations. At the same time, changes are being made to LKAB's group management. President and Group CEO Mr Jan Moström said “LKAB faces a new situation. As a consequence of a changed market and falling world-market prices, we must now equip our organization to face new challenges.”
    
    Source : Strategic Research institute
15. voda 8 december 2015 20:39

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    ArcelorMittal how low can you go?
    
    IEX column, zie link & commentaren:
    
    www.iex.nl/Column/169418/ArcelorMitta...
16. voda 9 december 2015 16:31

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    Trade unions seek agreement in US Steel Košice
    
    Slovakian Spectator reported that the board of the KOVO trade union is sensitive to impending layoffs at the US Steel plant in Košice, and is seeking to join US Steel’s own trade union in talks with the factory’s executives or with politicians.
    
    KOVO board chairman Mr Emil Machyna said after the board’s session in Žilina, as quoted by the TASR newswire, that “It’s a major employer, and each instance of layoffs affects not only KOVO, but the entire region. Our role doesn’t only lie in securing higher wages but also in protecting jobs. So, at the very least we’ll hold talks with US Steel in an effort to stave off the layoffs. And if it does happen, then only within the scope of the collective agreement or affecting people who are retiring anyway.”
    
    Head of the US Steel’s trade union Mr Mikuláš Hintoš added that things are complicated and tense right now, partly with the upcoming Christmas season in mind,
    
    The Korzár regional daily reported last week that U.S. Steel Košice is looking at a plan to lay off up to 15 percent of its workforce, or more than 1,500 workers. This downsizing supposedly affects mainly white-collar workers. Korzár reports that it is likely the Americans want to focus on their domestic operations, which are currently facing stiff competition from cheaper Chinese steel and U.S. Steel has to cut production.
    
    US Steel management did not state how many people would be involved in the job cuts. There were 17,000 workers 15 years ago when US Steel purchased the former Eastern Slovak Ironworks (VŠZ), and part of the takeover was assurances from US that total employment levels would remain close to that level for the first 10 year
    
    Source : Spectator
    
17. voda 9 december 2015 16:33

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    Steel mill construction in South Africa hinges on feasibility study
    
    BD Live last week reported that a final investment decision to establish a new steel mill will depend on the outcome of a prefeasibility study under way and a later feasibility study, Economic Development Minister Mr Ebrahim Patel insists.
    
    In a written reply on Tuesday to a parliamentary question by Democratic Alliance economic development spokesman Michael Cardo, Mr Patel differed from comments made earlier this year by IDC head of mining and metals Abel Malinga who insisted that "we are going ahead with it. We are not going to change our minds".
    
    Mr Patel said that the envisaged $5bn plant would be funded partly with debt (up to 60%) and partly with equity (40%). The IDC would play a catalytical role in the establishment of the facility but would not to have a controlling stake in the project.
    
    Mr Patel said the plant would have a design capacity of 5-million tons of steel per annum though consideration would be given during the detailed feasibility study to the option of undertaking the project in two phases of approximately 2.5-million tons each. An estimated 11,000 jobs would be created at the peak of construction which would span over at least 42 months whereas once operational about 3,500 workers would be employed.
    
    China’s Hebei Iron and Steel Group and the Industrial Development Corporation (IDC) agreed in September last year to undertake the prefeasibility study into the creation of a new low-cost steel plant. Also envisaged was a downstream industrial park to process some of the steel products into finished goods for domestic and export markets.
    
    An earlier prefeasibility study was completed by the IDC in August 2012. This was based on the use of a rotary hearth furnace technology but this was abandoned as Hebei insisted that its participation was conditional on the use its blast furnace technology.
    
    Mr Patel noted that the primary advantage of the rotary hearth furnace technology, the most proven route worldwide for iron making, was that it did not require coking coal and therefore had the lowest operating cost. On the other hand its capital cost and electricity consumption were high.
    
    Hebei’s blast furnace technology requires coking coal which is not available in SA which was why it was rejected as a first option in the first study.
    
    Mr Patel said Hebei also wanted to increase the target size of the project to 5-million tons per annum, a substantial portion of which would be exported, to other sub-Saharan African markets.
    
    Middelburg was originally considered as the best location for a rotary hearth furnace mill because of the availability of coal, raw material transport logistics, infrastructure including water, rail and electricity as well as proximity to inland domestic market. However, the need to import coking coal for a blast furnace steel mill put Middelburg at a competitive disadvantage and meant that coastal alternatives were being considered.
    
    Mr Patel said the new prefeasibility studies would assess the economic viability of blast furnace technology, the increased size of the mill and the project location. "Depending on the outcome of these additional prefeasibility studies, a detailed feasibility study will be conducted before a final investment decision is made," he noted.
    
    Source : BD Live
    
18. voda 9 december 2015 16:34

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    Karnataka sponge iron industry to suffer from new mine auction rules
    
    Deccan herald last week reported that manufacturers of sponge iron are looking down the barrel due to the government’s decision to lease out ‘C’ category mining areas through e-auction. Eleven mining areas under the category in Ballari and Chitradurga districts are to be auctioned.
    
    As many as 67 sponge iron units in the districts of Ballari, Koppal, Raichur and in neighbouring Andhra Pradesh are already reeling under a shortage of ore, their principal raw material. Of the 67 units, only 22 are functioning. Owners of these units fear that the e-auction process may further create a crunch, pushing them to the brink.
    
    As per the new auction rules, the company which has won the contract has to use all the ore produced. Also, the companies have to take part in the e-auction process as single entities. Rates of mining areas available for auction have also gone up, making it difficult for owners of sponge iron units to take part in the auction process.
    
    The new rules favour owners of big industries, says the Karnataka Sponge Ore Manufacturers Association. Mr T?Srinivasa Rao, president of the Association, said that the sponge iron units require just between 50,000 tonnes and 80,000 tonnes.
    
    He said that the fee to purchase applications for the tender process was Rs five lakh and that it was too high for small industrialists.
    
    Source : Deccan Herald
    
19. voda 9 december 2015 16:35

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    9 steel associations highlight negative impact of granting Market Economy status to China
    
    The American Iron and Steel Institute, the Steel Manufacturers Association, the Canadian Steel Producers Association, CANACERO (the Mexican steel association), Alacero (the Latin American steel association), EUROFER (the European steel association), Instituto AcoBrasil (the Brazil Steel Institute), the Turkish Steel Producers Association and the Committee on Pipe and Tube Imports conducted an educational briefing for government officials last week in Paris where they presented a unified position on the negative impact of granting China Market Economy Status (MES) in December 2016.
    
    Source : Strategic Research Institute
20. voda 9 december 2015 16:36

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    ArcelorMittal Point Lisas lays off 600 Trinidadian workers
    
    Jamaica Gleaner reported that the Steel Workers Union of Trinidad and Tobago has denounced the decision of the ArcelorMittal Point Lisas, a subsidiary of the world’s leading steel and mining company, to lay off 600 employees with immediate effect. The union says the company, which is listed on the New York Stock Exchange, sent letters to all its workers laying them off with immediate effect.
    
    It said that only a few workers would remain on the plant for maintenance purposes from the period December 7 to January 15 next year.
    
    In its statement, ArcelorMittal, said it had been unable to reach an agreement with the union on a proposal for workers with accrued vacation days to proceed on paid vacation.
    
    It also wanted workers who do not have vacation leave to engage in alternative functions on a temporary basis outside of their normal duties.
    
    The company said that as a result of the failure to reach an agreement it has had no option but to begin laying-off workers.
    
    Source : jamaica-gleaner.com