Nieuws en info hier plaatsen (deel 4)

1. voda 10 december 2015 17:16

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   Bejing pollution alert curtails steel rolling plants in Tangshan
   
   Bloomberg reported that the severe smog blanketing Beijing has prompted the nearby Tangshan government to shut down all steel rolling plants during the daytime as air quality in the capital continued to deteriorate to hazardous levels. The steel rolling plants are free to resume works during the night
   
   The Tangshan Municipal Government issued a level-3 emergency response, effective from 3 PM local time on Tuesday, while the Hebei provincial government released an orange alert for smog within its jurisdiction, requesting frequent checks on emissions from all coal-fired furnaces and key industrial sites
   
   The measures come after Beijing for the first time raised its air pollution alert to red, the highest level in a four-tier system. The alert is effective from 7 AM Tuesday until noon Thursday.
   
   Beijing has suspended schools, restricted car travel and banned fireworks and outdoor barbecuing as the Chinese capital copes with the thick blanket of gray smog that’s enveloped the city and is expected to remain in place for much of the week.
   
   Source : Bloomberg
   

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2. voda 10 december 2015 17:17

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   Oil crash adds to steelmakers woes in USA
   
   USA Today reported that the oil industry isn't the only one reeling from the plunge in crude prices, which hit new seven-year lows this week. Steelmakers are suffering their worst downturn in at least 15 years, partly because oil producers have drastically cut drilling activity and so have less need for steel pipes.
   
   This week's drop in oil prices below $40 a barrel could intensify the pain for steel manufacturers by delaying a rebound in energy investment, says Matthew Korn, an analyst at Barclays Capital.
   
   Yet the oil slump only partly explains the steel industry's woes. Steel producers have been hit by a global nose-dive in commodity prices exacerbated by a massive glut of Chinese steel that the industry says is being illegally unloaded below cost around the world, including in the US.
   
   U.S. steel shipments were down about 11% through the first nine months of 2015 compared with the year-ago period, according to the American Iron and Steel Institute (AISI). The industry, which employs about 150,000, has announced 12,000 layoffs the past year, the group says. About 67% of plant capacity is being used, down from a historical average of 85%.
   
   The distress of steel and other metals makers was at the heart of last month's contraction in manufacturing activity, the first in three years.
   
   Manufacturers including U.S. Steel, AK Steel and ArcelorMittal have announced temporary and permanent plant shutdowns this year and laid off several thousand workers. Perhaps no company has been hit harder than the iconic U.S. Steel, which depends on the oil and gas industry for 15% to 20% of its revenue and posted a $173 million loss in the third quarter. The number of oil-drilling rigs in the U.S. was down 62% last week from a year ago, according to oil services firm Baker Hughes.
   
   Demand for steel-based factory machinery and farm and mining equipment is also depressed, while the appliance business is stable and auto sales are near record levels, offsetting at least part of the misery for steelmakers. Longhi says U.S. Steel would be profitable if not for the crash in prices.
   
   Source : USA Today
   

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3. voda 10 december 2015 17:19

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   Canada to impose anti dumping dties on steel plates from India and Russia
   
   Soo Today reported that following a complaint filed by Essar Steel Algoma Inc, the Canada Border Services Agency issued Final Determinations on December 7, 2015 respecting certain hot-rolled carbon and high-strength low-alloy steel plate.
   
   Specifically, the CBSA has determined dumping and subsidizing has occurred respecting certain hot-rolled carbon steel plate and high-strength low-alloy steel plate originating in or exported from the Republic of India (India) and the Russian Federation (Russia).
   
   The Canadian International Trade Tribunal is continuing its inquiry into the question of injury to the domestic industry and will issue its decision by January 6, 2016.
   
   If there is a finding of injury, anti-dumping duties would apply at a rate of 98.1% with the exception of Severstal of Russia which would apply at a rate of 15.3 percent.
   
   Imports from India will also be subject to a countervailing duty rate of 7,844 Indian rupees per metric tonne.
   
   Essar Steel Algoma President and CEO Kalyan Ghosh said “Enforcing fair trade in Canada’s domestic steel market is more critical than ever given current market conditions. The determinations imposed by the CBSA represent a victory for all Canadian steel producers. It signals clearly that our government will not allow other countries to distort our markets by dumping steel here.”
   
   Source : Soo Today
   
   

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4. voda 10 december 2015 17:20

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   Russia Turkey tensions to depress global steel market - AISC
   
   Bangkok Post reported that the political dispute between Russia and Turkey is likely to put pressure on the global steel market, further depressing prices of the commodity. Russia introduced punitive economic measures against Turkey late last month after a Turkish fighter jet shot down a Russian warplane on Nov 24.
   
   Asean Iron and Steel Council Chairman Wikrom Wajracupta said the political conflict between the two countries could lead to a series of trade bans, potentially leaving a steel surplus to weigh on the market.
   
   He said “Russia was a big exporter of steel slab, while Turkey was a leading importer to feed its domestic steel industry. With a trade ban, Russia would have to export its steel to other countries to offset theloss of Turkish business, adding pressure to a global steel market already reeling from excess Chinese supply.”
   
   He said "This case is very interesting, and the AISC is monitoring its effect on the steel and iron industries. We may issue a report about this to the media in next year's first quarter."
   
   Source : Bangkok Post
   
5. voda 10 december 2015 17:21

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   JFE Steel chief warns of protracted global steel glut as China
   
   Nikkei reported that Mr Koji Kakigi, president and CEO of Japanese steelmaker JFE Steel, has warned in a recent interview that the global glut is unlikely to disappear soon, saying it will take time for China to squeeze out excess capacity.
   
   Q: China's annual steel exports are likely to top 100 million tons this year. What is your view on that?
   
   A: When it comes to the steel market, China faced a turning point in 2014. Domestic demand for steel weakened as the economy slowed, while steel production rose. As a result, exports surged by 32 million tons in 2014 from a year earlier to 94 million tons. As for this year, crude steel production is expected to shrink by about 10 million tons from a year earlier to 810 million tons. But domestic demand is also expected to remain weak, at around 690 million tons. Exports will increase to about 110 million tons. The problem for Japanese steelmakers is that China has not only sharply boosted exports, but also further cut export prices in the second half of this year, disturbing international market conditions. As a result, Japan's export prices have also dropped. The Japanese steel industry's profitability has deteriorated to levels not seen since the second half of the 1990s, when the nation's blast-furnace steelmakers came under pressure to consolidate.
   
   Q: Will China continue to export steel at low prices?
   
   A: China's steel companies are expected to lose a combined 1 trillion yen ($8.05 billion) this year. This situation will not be sustainable for long, despite government subsidies. Abnormally low prices will be corrected. But if China is to deal with the issue of excess plants, it will have to create jobs for surplus workers in the steel industry. It will take time for China to resolve the issue.
   
   Q: A growing number of countries are taking measures to cope with cheap imports from China, including imposing anti-dumping duties. What is your view on that?
   
   A: Many countries' steel industries have been hit (by cheap imports from China). Japanese steel products have also been subject to anti-dumping duties. But as long as the countermeasures are in line with World Trade Organization rules, they are unavoidable to a certain extent.
   
   Q: Do you believe the economic slowdown in emerging markets, especially China, will drag on?
   
   A: The world's annual crude steel production is approximately 1.6 billion tons. China accounts for half of the total. An economic slowdown in China has a significant impact (on the global economy). Emerging markets that are exporting construction equipment and automobiles to China also suffer. The Indian economy is humming along, with steel production remaining strong. But the economies of Southeast Asian countries such as Thailand and Indonesia are performing poorly. To be sure, there are still some concerns that China's economic conditions might worsen significantly. But I do not expect the Chinese economy will remain stuck in the doldrums for a long time as it did between the 1980s and 1990s when steel output stopped growing. India and many other emerging markets have huge growth potential. They are expected to grow moderately.
   
   Source : Nikkei
   
6. voda 11 december 2015 16:35

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   Former steel plant converted into pipe inspection facility
   
   Associated Press reported that the former Wheeling-Pittsburgh Steel facility in Benwood will soon be home to a company doing business with the natural gas industry.
   
   Dunbar, Pennsylvania-based JLE Industries has invested over $6 million to establish an 80,000-square-foot plant.
   
   It’s expected to open in January and employ as many as 45 when fully operational.
   
   Source : Associated Press
   
7. voda 11 december 2015 16:35

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   India to top US as market for Japanese steel
   
   Japanese exports of steel to India have surged to volumes that put the subcontinent on pace to become Japan's sixth-biggest market for all of 2015, surpassing the U.S. and helping to compensate for declines in exports to China and Southeast Asia.
   Japanese steelmakers shipped 2.06 million tons of steel materials to India for the January-October period, up about 60% from a year earlier, according to the Japan Iron and Steel Federation.
   
   The likes of JFE Holdings unit JFE Steel are exporting more hot-rolled coil to metalworking companies in India that are processing the steel for appliances and construction materials. Nippon Steel & Sumitomo Metal has stepped up exports of base material for an Indian facility that began processing steel sheet for automobiles last year.
   
   South Korea has been Japan's largest export market for steel this year, followed by China, Thailand, Taiwan and Vietnam.
   
   Source : Nikkei
   
8. voda 11 december 2015 16:39

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   Slovak tycoon Mr Tomáš Chrenek eying US Steel Košice
   
   Spectator reported that the Moravia Steel company, owned by Prague based Slovak billionaire Mr Tomáš Chrenek, allegedly has a strong interest in acquiring US Steel’s plant in Košice. According to a report in Korzár daily, several talks have reportedly been held on the proposed transaction with the plant’s current owner, but the two parties have failed to strike an accord on price
   
   Since November, Chrenek’s company Agel has been managing the Košice-Šaca hospital which treats many employees from US Steel. This “synergetic effect” is reportedly the reason why Chrenek seeks to acquire the plant.
   
   Spokesperson for the Czech T?inec Iron and Steel Works – Moravia Steel group Petra Jurásková said in a statement for Korzár “It’s nothing out of the ordinary for the representatives of our company to meet with representatives of many top companies in the metallurgic or steel industry, both formally and informally. If our company has plans for an acquisition, information to this effect will be published in due course and journalists will receive such information. We don’t publish official statements on acquisitions until the respective companies agree on entering into a contract or acquisition.”
   
   Meanwhile, Korzár reported last week that US Steel Košice was looking at a plan to lay off up to 15 percent of its workforce, or more than 1,500 workers. This downsizing supposedly concerns mainly white-collar workers. Korzár reports that it is likely that the Americans want to focus on their domestic operations, which are currently facing stiff competition from cheap Chinese steel and therefore US Steel has to cut production.
   
   Source : Spectator
   
   
9. voda 11 december 2015 16:43

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   Base metals climb on hopes for China government support
   
   Published on Fri, 11 Dec 2015 111 times viewed
   
   Shanghai metals climbed on Thursday as the dollar dropped and on hopes that Beijing would step up support measures for its beleaguered industrial metals sector after it cut some export tariffs on steel. Shanghai Futures Exchange copper rose by 0.8 percent to 35,110 yuan ($5,463) a tonne.
   
   Shanghai aluminium and zinc both climbed by 1.3 percent. On aluminium, speculation that China may stockpile metal to help assuage a glut, helped to ignite short-covering.
   
   Three-month copper on the London Metal Exchange also rose, adding by 0.5 percent to $4,602 by 0124 and reversing losses from the previous session. Prices have been trapped since late November in a range between six-year lows around $4,450 a tonne and $4,650.
   
   Fundamentals
   
   * China will cut export taxes on steel billet and pig iron from the start of 2016, the finance ministry said on Wednesday, the latest move by the world’s top steel producer to erode a domestic glut and offer a lifeline to the stricken industry.
   
   * China’s top aluminium smelters will meet on Thursday to discuss possible output cuts due to plunging metal prices, according to a Bloomberg report on Wednesday, the latest embattled base metals industry to mull coordinated action to reduce a big glut.
   
   * China’s consumer inflation picked up slightly in November but remained well under the government’s 2015 price target of 3 percent, raising concerns that the world’s No. 2 economy could be sucked into a Japan-style deflationary trap.
   
   * The U.S. Commerce Department is ratcheting up pressure on some imports of aluminum extrusions, with a significant hike in the discounted duty rate for several Chinese companies.
   
   * Big Japanese manufacturers’ sentiment worsened in October-December, a government survey showed on Thursday, suggesting the economy could lose some momentum heading into next year.
   
   Source : Reuters
   
10. voda 11 december 2015 16:44

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    China ramps up commodity exports as domestic glut grows
    
    Chinese commodity producers struggling with excess output and hurt by sinking prices looked abroad at a record rate last month to find markets for products including aluminium, refined fuels and steel. China’s refineries shipped a record amount of fuel products, aluminium processors sold their second-highest tonnage of product and steelmakers increased exports by 22 percent to 102 million tonnes in the January-November period, setting a new record, according to preliminary customs data.
    
    The numbers will likely increase concerns that the world’s No. 2 economy is exporting its excess output onto a saturated global market, accelerating the rout in prices.
    
    Mr Daniel Hynes, analyst at ANZ, referring to the 15 percent surge in unwrought aluminium and product exports to 450,000 tonnes in November said “We think it’s a longer term dynamic playing out: China exporting its surplus to the Western world. That’s equal to June levels and the second highest after December 2014.”
    
    Analysts expect China’s exports to remain firm as producers try to mitigate weak domestic markets, although the pace may slow as smelters curtail output due to low prices. Citigroup said some 1.6 million tonnes of annual capacity has closed since October.
    
    Source : Reuters
    

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11. voda 11 december 2015 16:45

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    Moody’s maintains negative outlook on base metals
    
    Moody's Investors Service maintains its negative outlook on the global base metals as persistently low prices and continued volatility in the commodities markets will weaken the operating metrics. Based on its revised, weaker global growth expectations for 2016, softening demand, the strength of the dollar, and continued uncertainty surrounding metal demand in China, Moody’s Investor Service expects base metal prices to remain under pressure to the downside, warning that an impending downturn is likely to be “deeper and longer”.
    
    Source : Strategic Research Institute
12. voda 11 december 2015 17:17

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    1 dag oud:
    
    U.S. Steel surges 30% in three days as metal rout cuts imports
    Dec 10 2015, 15:24 ET | By: Carl Surran, SA News Editor
    
    Steel prices in the U.S. have dropped so much that imports are finally declining, providing some relief for shares of downtrodden U.S. Steel (X +12.8%) and others in a year that has been one of the worst in decades.
    
    While steel prices have plunged 41% Y/Y, mill capacity utilization rose 2.8 percentage points last week in the first uptick since September, and steel imports have been lower than a year ago in each of the six months through October, the most recent month of available U.S. Census Bureau data.
    
    At the same time, China said yesterday it would cut some import and export taxes next year, raising concerns that cheaper Chinese products could exacerbate a global oversupply of basic materials such as steel and chemicals.
    
    U.S. Steel Saved From Worst Year Ever as Metal Rout Cuts Imports
    by Sonja Elmquist
    
    December 10, 2015 — 8:43 PM CET
    
    Steel prices in the U.S. have dropped so much that imports are finally declining. That’s giving shares of U.S. Steel Corp. some relief in a year that was shaping up to be the worst in decades.
    
    U.S. Steel surged 14 percent at 2:12 p.m., heading for a 26 percent two-day gain, which would be the biggest since December 2008. AK Steel Holding Corp. rallied 15 percent and Nucor Corp. rose 4.4 percent in the same span. U.S. Steel had lost 73 percent in the year through Wednesday, which would have been its worst year since at least 1992 when Bloomberg records begin.
    
    While the metal’s price has plummeted 41 percent in the past year, mill capacity utilization, or the amount of a plant that is in use, rose 2.8 percentage points last week, the American Iron and Steel Institute said this week. The uptick is the first since September, according to data compiled by Bloomberg. On Wednesday, AK Steel and the U.S. subsidiary of Novolipetsk Steel OJSC announced they would raise prices.
    
    Steel imports have been lower than a year ago in each of the six months through October, the most recent month for which the U.S. Census Bureau has published data. Through October, imports of 30.7 million tons are 3.9 percent higher than a year ago.
    
    “The good news is that steel imports have tapered substantially,” Lee McMillan, a New York-based analyst at Clarksons Platou Securities, said in a research note Thursday. “Thanks in part to the threat of antidumping tariffs, but also due to the drastic decline in domestic pricing, we’ve seen a measurable decline in steel imports in the fourth quarter.”
    
    Voor grafiek, zie link:
    
    www.bloomberg.com/news/articles/2015-...
    
13. voda 14 december 2015 16:35

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    Tokyo Steel raises scrap buying prices by JPY 500 per tonne
    
    The country’s top electric steel producer- Tokyo Steel Manufacturing has increased purchasing prices for all grades of ferrous scrap delivered to its entire works. According to company website, the purchasing prices are being increased by Yen 500 per mt effective December 10, 2015.
    
    The hike in scrap purchasing prices is the first during this month. After announcement, H2 scrap purchasing prices at various works averaged between ¥ 14,500/ton and ¥ 16,000/ton.
    
    The scrap purchasing prices at Okayama works in Western Japan will be increased by ¥ 500/ton to ¥ 15,000/ton and those in Kyushu works in Western Japan will be ¥ 15,500/ton.
    
    Tokyo Steel’s scrap purchasing prices in Tahara works in Central Japan will be ¥ 16,000/ton, while those in Takamatsu steel center on Shikoku Island will be hiked by ¥ 500/ton to ¥ 14,500/ton.
    
    The scrap purchasing prices at Utsunomiya works in north of Tokyo will now be ¥ 15,500/ton
    
    The rise in scrap export prices has forced Tokyo Steel to increase its scrap purchasing prices, sources say.
    
    Source : Scrap Monster
    
14. voda 14 december 2015 16:35

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    ArcelorMittal Trinidad and Tobago workers union sends SOS to PM
    
    News Today reported that in light of the dismissal of 600 plus workers from ArcelorMittal, the Steel Workers Union of Trinidad and Tobago last week issued a SOS call for help to Prime Minister Dr Keith Rowley, asking for his intervention in the issue. The union added that another company, Tube City IMS Limited, has followed in the footsteps of ArcelorMittal by laying off its entire workforce, at its Point Lisas Facility.
    
    In addition to the Prime Minister, the union is calling Labour Small Enterprise Development Minister, Jennifer Baptiste-Primus, to intervene so as to resolve both.
    
    In a news release, SWUTT General Secretary Lancelot Smart, alleged that despite the massive laying off of permanent workers, work continues at the plant with contract personnel from Quality Services Logistics Trinidad Limited (QSL), a Canadian Contractor Firm.
    
    He said “The union had asked for the opportunity to engage its membership.”
    
    He added that to date, SWUTT which is the recognised majority union has not received any official correspondence on the lay-off of these 600-plus workers.
    
    The management from the steel and mining plant based at Point Lisas, issued the retrenchment letters which stated that the decision to lay them off was based on the “worst recession in ten years” experienced globally in the steel industry.
    
    Smart recalled that the company made a proposal for the union to agree to send all workers on “forced vacation”. The union responded, Smart added, by saying it would not to agree to such a proposal because vacation was the individual entitlement, and right of each worker.
    
    He sad “The union directed the company to Article14.2 of the Collective Agreement as the legally agreed option for the company to explore, as it relates to individual workers’ vacation.”
    
    Source : News Today
    
15. voda 14 december 2015 16:39

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    AISI applauds House Passage of Customs Bill
    
    The American Iron and Steel Institute said the House passage this afternoon of a compromise agreement on a trade enforcement measure is a “positive step for the steel industry to address the evasion of trade remedy orders that has severely impacted our companies and our workers.”
    
    Source : Strategic Research Institute
16. voda 14 december 2015 16:39

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    EU customs to monitor steel imports from China and Russia amid AD probe
    
    Bloomberg reported that the European Union ordered its customs officials to register imports of Chinese and Russian non-stainless steels as the threat looms of tariffs on the shipments.
    
    European Commission, the EU’s trade authority in Brussels, said Saturday in the Official Journal “Imports of the product concerned should be made subject to registration. That’s to ensure that, should the investigation result in findings leading to the imposition of anti-dumping duties, those duties can, if the necessary conditions are fulfilled, be levied retroactively.”
    
    The commission opened an inquiry in May into whether Chinese and Russian makers of certain cold-rolled flat products of iron or non-alloy steel, excluding stainless steel, dump them in the EU. The commission must decide by mid-February whether to introduce provisional anti-dumping duties and by mid-August whether to impose “definitive” five-year levies.
    
    Source : Bloomberg
    
17. voda 14 december 2015 16:40

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    SAIL BSL hosts international automotive steel seminar
    
    Economic Times last week reported tht Steel Authority of India Limited’s Bokaro Steel Plant organized a two day international conference on Automotive Steel - Outlook & Perspective (AutoSOP 2015) in step with its plan to foray into the lucrative auto steel segment. The seminar was organised alongwith the Bokaro chapter of Indian Institute of Metal(IIM) and Research & Development Centre for Iron & Steel (RDCIS).
    
    The seminar which concluded on December 12th, was attended by more than 120 delegates representing industry, consultant, academia and research institutes from all over the country as well as overseas.
    
    On the the concluding day of the seminar, technologists and experts deliberated on a wide range of issues related to the latest trends and emerging technologies in the area of automotive steel manufacturing.
    
    The deliberations aimed at equipping steel vmanufacturers with the required technical know-how to enable them fully tap the potential of this emerging market segment.
    
    The sessions on Advances in High Strength Steel Processing, Emerging Technologies for Production of Auto Steel & Quality of Auto Steel witnessed technical paper presentations by PSI Metals Group Germany, JSW Steel, Tata Steel, SAIL's RDCIS & BSL, Danieli Wean United, SMS India, Primetals Technologies, MECOH, Lechler India, Vesuvius India Ltd etc.
    
    During the valedictory session held later in the day, a panel discussion on the topic Challenges for Production of Automotive Steel in India was organised.
    
    Source : Economic Times
    
18. voda 14 december 2015 16:42

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    Tata Steel UK in talks to save Scunthorpe plant – Report
    
    City AM reported that Tata Steel UK has reportedly put together a restructuring plan that could save it’s Scunthorpe refinery from shutting down. A new investor has come onto the scene that could potentially see £400m being pumped into the business, it was reported in the Sunday Telegraph, citing sources close to the proposal.
    
    The deal could include an overhaul of the business that would see costs scaled back, and changes to employee and supplier contracts.
    
    The turnaround at the business, which has been all but written off by many industry watchers, could see operations pulling in £100m in profit in as little as 24 months. Currently the plant is set to post losses of £100m for the year, on revenues of about £1.6bn.
    
    There have already been formal offers for the business. The company is understood to have received formal bids from three interested parties, according to the Sunday Telegraph. These include Greybull Capital, the investment firm behind the rescue of Monarch Airlines last year, private equity firm Endless. The third bidder is thought to be an American investment firm. US industrial tycoon Gary Klesch was also rumoured to be interested in buying the business but talks are thought to have collapsed this summer.
    
    Turnaround specialists Endless and Greybull, as well as an as yet unnamed US outfit, have made bids for the firm.
    
    Tata Steel has been struggling in recent months, along with peers SSI and Caparo, due to the fall in steel price as China continues to flood the market with cheap materials and lower costs of production in Europe.
    
    Source : City AM
    

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19. voda 14 december 2015 16:42

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    Layoffs at US Steel Granite City plant to begin December 27
    
    Associated Press reported that temporary layoffs at the U.S. Steel mill in Granite City are expected to begin the week after Christmas. The Belleville News-Democrat reports about 2,000 workers will begin to be laid off on Dec. 27.
    
    The company says it's idling the southern Illinois mill due to market conditions such as imports, depressed steel prices and fluctuating oil prices. Most steel produced at the mill is shipped to a Texas plant that turns it into pipe for the oil and gas industry.
    
    United Steelworkers Local 1899 President Dan Simmons says workers are disappointed not just by the shutdown, but by it occurring so close to the holidays.
    
    Simmons says he expects the shutdown will last longer than the last time US Steel idled the plant, from November 2008 to June 2009.
    
    Source : AP
    
20. voda 14 december 2015 16:43

    auteur info

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    Chineses steel output in November drops 1.6% Yoy
    
    Bloomberg reported that according to data from the statistics bureau on Chinese crude steel output contracted 1.6 percent to 63.32 million tonnes in November from a year earlier. Supply for the first 11 months dropped 2.2 percent to 738.38 million tonnes.
    
    An industry association said demand is shrinking at an unprecedented speed. Determined to maintain output as growth cools, mills have flooded the world with exports, shipping more than 100 million tonnes this year.
    
    Mr Wu Zhili, an analyst at Shenhua Futures Co. in Shenzhen, China, said by e-mail “The drop in steel output may seem controlled or limited this year. When mills face up to the somber outlook for continued price declines, there will be further reductions.”
    Steel demand in China is weakening as Chinese policy makers seek to steer its economy away from investment led growth to one driven by consumer demand and services.
    
    Source : Bloomberg