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1. voda 9 december 2015 16:38

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   Danieli receives FAC for the new teeming crane at ArcelorMittal Kryviy Rih
   
   After successful commissioning and start up, AM Kryvyi Rih (Ukraine) team released the foreseen acceptance certificate for the new Danieli 4 girders 225/63/20 ton teeming crane
   
   Source : Strategic Research Institute

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2. voda 9 december 2015 16:48

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   Indian steel import fall YoY in November
   
   India’s steel imports fell in November for the first time in eight months, after government move in August to impose a 20% safeguard duty on some steel products to protect local producers from cheap overseas supplies.
   
   Source : Strategic Research Institute

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3. voda 9 december 2015 16:50

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   Chinese steel exports cross 100 million yearly mark in November
   
   According to statistics from the General Administration of Customs, China exported 9.61 million tonnes of steel in November 2015, an increase of 0.59 million tonnes over October shipment pushing yearly shipments by 22 percent YoY to 101.7 million tonnes in the first 11 months. But it is expcetd that the flood of steel will ease next year as overseas demand slows and global trade friction increases
   
   Source : Strategic Research Institute
4. voda 9 december 2015 16:51

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   Major Chinese steel mills loose USD 11.3 billion in 10 months – CISA
   
   Xinhua reported that according to China Iron and Steel Association, China's large and medium-sized steel mills suffered a loss of CNY 72 billion (USD 11.34 billion) in the first ten months of 2015 as the average sales margin stood at minus 1.5 percent for 101 steel mills tracked by CISA
   
   According to the report, slowing investment in the property and infrastructure development, as well as weakening manufacturing, have dragged down domestic demand for steel, which in turn reduced profit for steel makers and forced small players to exit the market
   
   In the first 10 months of this year, China's crude steel production dropped 2.2 percent year on year to 675.1 million tonnes, latest data from the National Development and Reform Commission showed.
   
   The CISA predicted that the steel industry will continue to face a cold winter in December.
   
   Source : Xinhua
   

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5. voda 9 december 2015 16:52

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   Chinese steel output to fall further by 3.1% YoY in 2016 - MPI
   
   Reuters reported that China's The Metallurgical Industry Planning and Research Institute announced that Chinese crude steel output will fall for a second straight year in 2016 as a cooling economy hurts demand in the world's top producer. In its annual report forecast production MPI said that output would fall 3.1 percent to 781 million tonnes next year and consumption of steel products is expected to decline to 648 million tonnes in 2016, also down 3 percent from 2015.
   
   According to the institute's estimates, total steel output this year will be about 709 million tonnes
   
   It said “Steel production will fall by 3.1 percent to 781 million tonnes during the same period, as economic growth continues to moderate.
   
   Mr Li Xinchuang, director of the institute, said “Slower GDP growth, industrial upgrade of the conventional resources-driven growth and eliminating excess, outdated capacity have crimped demand for steel and as a result for imported iron ore. The slower offtake by downstream industries, such as real estate, construction, machinery, energy and automobile industries has also contributed to the sluggishness.”
   
   Unsold inventories of commercial apartments continue to be at a high this year, the report said, adding that supply will continue to outstrip demand next year. The total consumption of iron and steel for construction purposes this year is expected to be about 360 million tons, down 7.2 percent from the same period in 2014.
   
   Machinery industry, another major steel user, saw slower revenue growth this year due to poor demand. Equipment with higher iron and steel consumption per ton will see more output declines next year, it said.
   
   The automobile industry, the mainstay of the steel sector for long, recorded its slowest growth ever this year. Total output for next year also does not give much comfort to steelmakers as output is set to grow by just 1 percent. With the industry increasingly veering toward vehicles with smaller sizes, the situation is not all that bright
   
   He said "In the long run, many iron and steel smelters may be shut down for failing to comply with the environmental protection standards. However, as iron and steel industry is a capital and labor intensive industry, it is unrealistic to shut down all the outdated capacity in one go. Increasing the production efficiency by adopting intelligent manufacturing technologies is a better way to tide over the crisis."
   
   Jiang Yan, a steel industry analyst, predicted that more than 80 percent of the existing steel companies are going to be eliminated. He said "There are around 2,460 steel smelters in China. Only about 300 of them can survive. Mergers and acquisitions will take place frequently in the next three years.”
   
   Source : China Daily
   
6. voda 9 december 2015 16:52

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   Minimum Import Price on steel in the offing – Report
   
   Indian steel market is abuzz with expectations of some major announcmnets by the Indian government to stop cheap steel imports into the country to support debt ridden ailing stell sector. While the public hearing on 20% safeguard duty on HRC is already over, Director General Safeguard has announced initiation for safeguard duty on steel sheets & plates. But as the Indian steel mills want a blanket ban on steel import, the news of imposition of a minimum floor price has gained ground this week
   
   Source : Strategic Research Institute
7. voda 9 december 2015 16:55

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   Ms Rinehart blasts Roy Hill critics
   
   The Age reported that Australia’s richest woman Gina Rinehart has signed off on the loading of a maiden shipment of Roy Hill iron ore in Port Hedland with a rebuke of critics who have focused on the $10 billion Pilbara project’s timetable slippages.
   
   Ahead of celebrating the sailing of the Anangel Explorer later this week that will be marked by a ceremony involving Mrs Rinehart, she last night paid tribute to “the small team at Hancock Prospecting and the Roy Hill team and the great support of our partners, financiers, ECAs and suppliers”.
   
   She said “All people who contributed to Roy Hill should be congratulated for this outstanding performance, one of the fastest construction projects for a mega project, in Australia’s history.”
   
   She said “Sincere congratulations from me. Where are the media reports about the many companies who were pleased to get work from Roy Hill?
   
   She said “Surely that is of far more importance to Australia than the media’s glee about so-called time slippages.”
   
   Roy Hill's first shipment is three months behind the publicised schedule but Mrs Rinehart said it was “more than a month ahead of the owners’ expectations”.
   
   Source : The Age
   

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8. voda 9 december 2015 16:57

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   Kumba Iron Ore to lower costs at Sishen pit
   
   Kumba Iron Ore advised that the deteriorating price environment has necessitated a further optimisation of the Sishen mine plan that was set out at the Group’s interim results on 21 July 2015. Kumba has decided to reconfigure the Sishen pit to a lower cost shell configuration in order to optimise margins. This is in line with the Company’s strategy to focus on value (cash generation) over volume, thereby safeguarding the mine’s viability at lower prices.
   
   Source : Strategic Research institute
9. voda 9 december 2015 16:58

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   Iron ore giants BHP, Rio and Vale routed amid ore slump
   
   The price of iron ore has marked its sixth straight fall to a 10-year low on the back of an eight-session losing run as investors bet big on further pain for miners in the sector. At the end of the latest session, benchmark iron ore for immediate delivery to the port of Tianjin in China was trading at $US38.80 a tonn
   
   Prices have plunged from above $US55 a tonne into the $US30s over the past two months as the commodity has seen just four positive trading days in the past 42, its most horrific run through an 18-month bear market.
   
   The big four of the sector -- Vale, Rio Tinto, BHP Billiton and Fortescue Metals -- are seen as perhaps the only producers capable of making a profit at $US40 a tonne or below, though even Fortescue and Vale may be struggling to deliver positive results at current prices.
   
   It leaves analysts pondering how quickly output will be withdrawn from the sector as juniors are squeezed and the expansion plans of the majors come under pressure.
   
   Source : Business Spectator
   
10. voda 9 december 2015 17:03

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    Rio Tinto cuts 2016 CAPEX by AUD 1 billion
    
    Rio Tinto announced that it will confirm that as a result of the continued disciplined balance sheet management, prudent capital allocation and currency benefits, it expects total capital expenditure in 2016 will be around $5 billion, compared to previous forecasts of less than $6 billion. This will be in line with the anticipated capital expenditure for the Group for 2015 of about $5 billion (previously about $5.5 billion).
    
    Source : Strategic Research institute
11. voda 9 december 2015 17:07

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    Chinese iron ore import in Jan-Nov 2015 up by 1.3% YoY
    
    According to China Customs, China imported 82.13 million tonnes of iron ore in November, up 6.61 million tons or 9.9 percent from October at average import price of USD 57.3 CFR. China's iron ore imports in the first 11 months of the year came to 856.55 million tonnes, up 1.3 percent from the same period of last year.
    
    Source : Strategic Research institute
12. voda 9 december 2015 17:07

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    Chinese iron ore demand to fall further by 4.2% YoY in 2016
    
    Chinese iron ore demand is expected to slip further in 2016 as the country continues to scale down steel output, according to forecast by China Metallurgical Industry Planning and Research Institute. It said “Iron ore demand, which may fall by 0.4 percent this year, will decline by 4.2 percent in 2016 to around 1.07 billion tonnes.”
    
    According to the institute's estimates, total steel output this year will be about 709 million tonnes, while iron ore consumption is estimated at about 1.12 billion tonnes.
    
    It said “Steel production will fall by 3.1 percent to 781 million tonnes during the same period, as economic growth continues to moderate.
    
    Mr Li Xinchuang, director of the institute, said “Slower GDP growth, industrial upgrade of the conventional resources-driven growth and eliminating excess, outdated capacity have crimped demand for steel and as a result for imported iron ore. The slower offtake by downstream industries, such as real estate, construction, machinery, energy and automobile industries has also contributed to the sluggishness.”
    
    Unsold inventories of commercial apartments continue to be at a high this year, the report said, adding that supply will continue to outstrip demand next year. The total consumption of iron and steel for construction purposes this year is expected to be about 360 million tons, down 7.2 percent from the same period in 2014.
    
    Machinery industry, another major steel user, saw slower revenue growth this year due to poor demand. Equipment with higher iron and steel consumption per ton will see more output declines next year, it said.
    
    The automobile industry, the mainstay of the steel sector for long, recorded its slowest growth ever this year. Total output for next year also does not give much comfort to steelmakers as output is set to grow by just 1 percent. With the industry increasingly veering toward vehicles with smaller sizes, the situation is not all that bright
    
    He said "In the long run, many iron and steel smelters may be shut down for failing to comply with the environmental protection standards. However, as iron and steel industry is a capital and labor intensive industry, it is unrealistic to shut down all the outdated capacity in one go. Increasing the production efficiency by adopting intelligent manufacturing technologies is a better way to tide over the crisis."
    
    Jiang Yan, a steel industry analyst, predicted that more than 80 percent of the existing steel companies are going to be eliminated. He said "There are around 2,460 steel smelters in China. Only about 300 of them can survive. Mergers and acquisitions will take place frequently in the next three years.”
    
    Source : China Daily
    
13. voda 10 december 2015 16:25

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    Glencore versnelt kostenbesparingen om schuld terug te dringen - Update
    
    (Update van eerder gepubliceerd bericht 'Glencore versnelt kostenbesparingen om schuld terug te dringen' om aanvullende achtergrondinformatie toe te voegen.)
    
    
    AMSTERDAM (Dow Jones)--Grondstoffengigant Glencore PLC heeft donderdag gewaarschuwd dat de winst gegenereerd door de handelsdivisies minder zal zijn dan verwacht voor het tweede jaar op rij, hetgeen er op wijst dat er moeilijke tijden in het vooruitzicht zijn voor mijnbouwers. Glencore gaat de nettoschuld versneld terugdringen om een langdurige daling van de grondstofprijzen te doorstaan.
    
    De in Zwitserland gevestigde handelaar en producent van grondstoffen, varierend van koper tot steenkool en olie, zegt er nu naar te streven de nettoschuld terug te dringen tot tussen de $18 miljard en $19 miljard tegen eind 2016 in vergelijking tot de eerdere doelstelling van een schuldreductie tot boven de $20 miljard.
    
    De in het Verenigd Koninkrijk beursgenoteerde mijnbouwer kondigde in september voor $10 miljard aan nettoschuldreducerende maatregelen aan die gericht zijn op het met eenderde terugdringen van de nettoschuld tot circa $20 miljard van de $29,6 miljard eind juni. Dit omvatte een opschorting van het dividend, verkoop van bezittingen en kostenbesparingen en volgde op zorgen van beleggers dat het concern zijn investment grade krediet-rating kan verliezen als de grondstofprijzen verder blijven dalen of langer laag blijven, aangezien het concern met een hoge schuld kampt.
    
    Het bedrijf zegt aan het merendeel van de eerder ingezette maatregelen te hebben voldaan, met tot op heden $8,7 miljard te hebben bespaard.
    
    Het aandeel Glencore is sinds het begin van dit jaar met 72% gedaald, waarmee Glencore na Anglo American de slechtste prestatie op de Britse door grondstoffondsen gedomineerde FTSE-index heeft neergezet.
    
    In een teken dat er slechte tijden in het verschiet liggen, meldt de mijnbouwer nog een jaar van onvoldoende winst te verwachten bij zijn handelsdivisies. De divisie wordt nu voorzien een aangepaste winst te genereren van tussen de $2,4 miljard en $2,7 miljard vanwege een lager werkkapitaal en een gereduceerd volume van koper, zink, lood en kolen.
    
    Dit staat in contrast met uitspraken van Glencore's CEO, Ivan Glasenberg, eerder dit jaar dat de handelsdivisies tussen de $2,7 miljard en $3,7 miljard aan winst zou genereren, "wat de grondstoffen dan ook zouden doen".
    
    
    Door Alex MacDonald in Londen. Vertaald en bewerkt door Ellen Proper; Dow Jones Nieuwsdienst: +31-20-5715200; ellen.proper@wsj.com
    
    
14. voda 10 december 2015 17:09

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    Godawari Power & Ispat shuts down iron ore pellect plant in Orissa
    
    Godawari Power & Ispat announced that its subsidiary, Ardent Steel has temporarily suspended operations at Iron Ore Pellet Plant in Orissa due to unfavourable market scenario in steel sector due to cheaper imports of finished steel.
    
    Source : Strategic Research Institute
15. voda 10 december 2015 17:09

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    US raw steel production in Week 49 dips 14% YoY
    
    AISI reported that in the week ending December 5, 2015, domestic raw steel production was 1,553,000 net tons while the capability utilization rate was 65.0 percent. Production was 1,812,000 net tons in the week ending December 5, 2014 while the capability utilization then was 75.3 percent.
    
    Source : Strategic Research Institute
16. voda 10 december 2015 17:10

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    ILVA steelworks trial sent back to preliminary hearing
    
    ANSA reported that the Assize Court of Taranto on Wednesday annulled an order to stand trial for 44 people who were indicted in July on charges of "environmental disaster" at the ILVA Taranto steel works.
    
    The Court cited that the preliminary hearing record didn't include the name of the public defender for 10 defendants whose lawyers weren't present that day, while in the preliminary hearing judge's decision that name is present.
    
    The procedure will now go back to the preliminary hearing judge for a new preliminary hearing to be set.
    
    Members of the Riva family that formerly owned the ILVA steelworks are among those set to stand trial, along with politicians and current and former administrative officials.
    
    Source : ANSA
    

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17. voda 10 december 2015 17:11

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    Tata Steel UK Long Products talks continue amid claims of sale
    
    The Northern Echo reported that Tata Steel says bosses are continuing to thrash out the future of its European Long Products business, amid reports three investors are pursuing the operation. Long Products has been hit by cheap Chinese imports, the strong pound and high electricity costs, with officials previously revealing more than 1,000 posts at plants in Scunthorpe and Scotland are under threat.
    
    A Tata spokesman said nothing was decided, but the firm has not ruled out any sale. He said: “We are still assessing all strategic options for our Long Products Europe business. Tata Steel remains focused on supporting Long Products. It is entering a new chapter as a wholly-owned subsidiary of Tata Steel UK Limited and we will continue to seek a sustainable future for the business. The move will allow the business to combine the strengths of Tata Steel with a flexible and more focused operational approach.”
    National reports had claimed a deal to offload Long Products, which employs about 750 North-East workers, was imminent, with the Indian media saying the Mumbai-based business could dispose of the business next year. Officials have not commented specifically on those articles, but have confirmed they are poring over Long Products’ future.
    
    The business includes the Teesside Beam Mill, at Lackenby, near Redcar, and a special profiles plant at Skinningrove, east Cleveland, which provide steel for construction and heavy industry work.
    
    According to an article in The Telegraph, Long Products is being chased by British investors Greybull, which rescued airline Monarch, and Endless, which is known for reviving Crown Paints. A third bid is said to have come from a US private-equity house.
    
    Source : The Northern Echo
    
18. voda 10 december 2015 17:13

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    Vitkovice Steel modernized pusher furnace starts
    
    Modernization of pusher furnace, which served since 1972, began in February this year. The furnace is used for heating the slabs at 1150 to 1250 degrees Celsius, from which subsequently rolled sheets. Trial operation of the modernized pusher furnace number 2 launched on Tuesday
    
    Mr Dmitry Š?uka Chairman of Vitkovice Steel said "After seven years, it is the first major large-scale investments. The pleasant thing is that not only is a new furnace, a new device, but also that this device helps to protect the environment significantly, "
    
    Mr Vaclav Loucka director project of Vitkovice Steel said “Modernization of the furnace lies mainly in the fact that we have equipped it with better, more efficient burners and control system that can optimize combustion conditions, we have achieved that we have reduced natural gas consumption by about 30 percent, and as a result, we have achieved a reduction in emissions of oxides nitrogen by about 22 tons per year. This will drop by some 40 percent.”
    
    In the next five years the company wants to invest in the modernization of plants more than a billion. The plan includes a series of environmental projects smaller scale, we have prepared a specific investment in heavy section mill, ie the production of sheet piles, which should enable the expansion of the portfolio and increased production volumes. For investments in the production of sheet metal are still at the concept preparation, there are those larger investments will be implemented sometime in 2018, 2019
    
    Vitkovice Steel is one of a group of private investors bought the company in April 2014 from the Russian group Evraz Group. This September, the Company entered steelworks operation, it employed more than 270 people.
    
    Source : novinky.cz
    

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19. voda 10 december 2015 17:14

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    Steel imports into India may have designated ports
    
    Financial express reported that to curb cheap steel imports, the Indian government is likely to restrict inward shipments to one port, apart from introducing a floor price for imports. Mundra in Gujarat might be the preferred choice for steel imports, since it is geographically furthest from the Asian peers with surplus steel. Confining imports to one port would also help the government check the quality of the imported products from a single location, and also put a vigil on the invoiced price.
    
    Sources in the steel ministry said since the idea is to make imports costlier. He said “We have already written to the finance ministry with the proposal to make imports mandatory from one port. However, we have not received any communication so far from the North Block.”
    
    Source : Financial express
    
20. voda 10 december 2015 17:15

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    NMDC has made steepest cut in iron ore lumps in last 10 days
    
    mydigitalfc.com reported that fall in demand from steel companies is causing the meltdown in iron ore prices. This could, possibly, be the highest month-on-month fall in the sales price in NMDC’s recent history. The December selling price of iron ore lump at Rs 1,800 per wet metric tonne (wmt) represented a steep 25 per cent decline from November’s price of 2,400 per wmt.
    
    On a year-on-year basis, the December rate is 57 per cent lower, and which has got accentuated from the year-on-year fall of 45 per cent seen in last month’s selling price. NMDC also produces and sells iron ore fines the price of which stood unchanged, on a month-on-month basis, in December at Rs 1,560 per wmt, but which on a year-on-year basis now stands 49 per cent lower.
    
    The company hopes that the latest steep cut will help it to stem falling sales even though the revenue realised per tonne will fall sharply. In the first half of the current financial year, FY16, from April to September, NMDC’s net sales dropped 48 per cent to Rs 3,407 crore, from the year-ago period. During this period, the miner’s profit after tax fell by the same rate, of 48 per cent, to Rs 1,820 crore.
    
    Source : mydigitalfc.com