Nieuws en info hier plaatsen (deel 4)

1. voda 4 januari 2016 16:26

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   Tax on mining will make Indian iron ores less competitive – Tata Steel MD
   
   The Hindu Business Line last week reported that Mr TV Narendran Managing Director of Tata Steel (India and South-East Asia) while answering to a question that “Will the local levy and royalty make mining inefficient?” said that “Commodity prices globally have come down drastically. Mining jurisdictions across the globe are re-working royalty regimes to make them more competitive. Since raw materials are at the first stage of the value chain it makes more sense to lower the mining levies and taxes in India. The increased tax burden such as hike in royalty rates last year and new DMF (district mineral fund) would make Indian ores less competitive compared to commodities traded across the globe.”
   
   Q - Will the planned minimum import price solve the industry’s problems?
   
   A - Different countries have imposed safeguard measures due to surging imports. The Indian government has also taken cognizance of the situation and has introduced measures to curb imports. But the effect of these measures so far has not been significant.
   
   The deluge of imports continues to increase. India needs strict watch at the entry level along with tariff and non-tariff measures. Steel prices in India have dropped 40 per cent in the last 18 months wherein, globally it was down by about 30 per cent. One of the biggest challenges for the industry was dumping by steel- surplus countries such as China, Japan and Korea. It was further aggravated by weak Chinese currency which was devalued twice.
   
   Source : The Hindu Business Line
   
2. voda 4 januari 2016 16:27

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   Tata Steel Scunthorpe Rod Mill clears excess stock
   
   Scunthorpe Telegraph reported last week that work on clearing a mountain of unwanted stock from the Rod Mill on the Scunthorpe Tata Steel works is starting to show results.
   
   In September the amount of misfit and aged rod weighed 19,323 tonnes. A project team set up to put money back into the business almost halved the stock-pile to 10,821 tonnes in just eight weeks.
   
   Over half of the stock pile has been sold to alternative customers and the rest has been put back into the steel-making process as scrap.
   
   Source : Scunthorpe Telegraph
   
3. voda 4 januari 2016 16:27

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   Ezz Steel Q3 net loss narrows 21.5% YoY
   
   Reuters reported last week that Egypt's Ezz Steel narrowed its net loss in the third quarter of this year by 21.5 percent from a year earlier
   
   Ezz Steel posted a net loss of 302.75 million pounds ($38.67 million) in the three months ended Sept. 30 compared with a net loss of 385.89 million pounds in the same period a year earlier.
   
   Source : Thomson Reuters
   
4. voda 4 januari 2016 16:31

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   3 Chinese steel mills in Shandong ink pollution deal with Korea
   
   Xinhua reported that 3 steel manufacturers in the eastern province of Shandong inked deals earlier this week with Republic of Korea (ROK) environment technology firms to address air pollution.
   
   Taishan Steel, Weifang Special Steel Group and Jinan Steel have retained environment technology firms KC Cottrell, POSCO ICT, J-E Tech in respective deals totalling 81.99 million yuan (12.6 million U.S. dollars) to reduce dust from their steel mills.
   
   Industrial goods manufacturing has been a major contributor to the choking smog that often covers much of China during winter. Protection measures were poorly enforced in the past as many local governments prized economic growth over the environment.
   
   However, as industrial production no longer propels growth as it once did air pollution is stoking public ire, and the authorities are increasingly prioritizing environment protection an alternative industry driving sustainable growth.
   
   The concentration of heavy industry in Shandong means there is huge demand for environmental services, said Ge Weiyan, deputy director of the Shandong Environmental Protection Bureau.
   
   Source : Xinhua
   

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5. voda 4 januari 2016 16:31

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   3 Chinese steel mills in Shandong ink pollution deal with Korea
   
   Xinhua reported that 3 steel manufacturers in the eastern province of Shandong inked deals earlier this week with Republic of Korea (ROK) environment technology firms to address air pollution.
   
   Taishan Steel, Weifang Special Steel Group and Jinan Steel have retained environment technology firms KC Cottrell, POSCO ICT, J-E Tech in respective deals totalling 81.99 million yuan (12.6 million U.S. dollars) to reduce dust from their steel mills.
   
   Industrial goods manufacturing has been a major contributor to the choking smog that often covers much of China during winter. Protection measures were poorly enforced in the past as many local governments prized economic growth over the environment.
   
   However, as industrial production no longer propels growth as it once did air pollution is stoking public ire, and the authorities are increasingly prioritizing environment protection an alternative industry driving sustainable growth.
   
   The concentration of heavy industry in Shandong means there is huge demand for environmental services, said Ge Weiyan, deputy director of the Shandong Environmental Protection Bureau.
   
   Source : Xinhua
   
6. voda 4 januari 2016 16:34

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   Scottish government announces support package to keep staff at mothballed Dalzell and Clydebridge steel plants
   
   Evening Times reported that Scottish Government ministers have agreed a GBP 195,000 support package to retain key staff at the mothballed Dalzell and Clydebridge steel plants in the hope production could begin again this year.
   
   As per report, an undisclosed number of staff will be paid approximately 60 per cent of their gross salaries and receive advanced training to ensure the plants could reopen quickly if production resumed.
   
   Mr Fergus Ewing Business Minister said "It is critical for any new commercial operator intending on restarting production at Dalzell and Clydebridge to be able to get the mothballed plants quickly up and running again after a period of inactivity. So we have agreed to work with the existing management and trade unions to retain and develop the nucleus of a manufacturing team; that will be attractive to prospective buyers, who seek the knowledge and insight to maximise the productive capability of the sites.”
   
   The programme will focus on delivering “learning and development” to those staff with key skills and attributes, which would be required to re-establish manufacturing.
   
   The Scottish Government described its move as a positive development in the quest to secure a future for Scottish steel.
   
   Source : Evening Times
   
7. voda 4 januari 2016 16:35

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   Greybull in talk with unions over pension and pay reforms
   
   The Mirror reported that a last minute deal to rescue Tata Steel’s under threat Scunthorpe plant and save thousands of jobs may be secured if pensions and pay are reformed as turnaround specialist Greybull is believed to be in exclusive talks about buying Tata Steel’s long products unit in the Lincolnshire town.
   
   A Greybull spokesman said “To ensure a viable future, there will by default need to be some changes implemented. The trade unions involved are aware of the difficult situation and have to date been most constructive. Their strong support is paramount for the transaction to succeed.”
   
   A spokesman for Unite, one of the unions involved, said: “Any new owner should take into account the expectation that the deal had resolved the issue of pensions.”
   
   However, an agreement to sell parts of Tata’s loss-making European business could run into trouble over Greybull’s plans for restructuring to the company as Greybull is understood to want to scrap the final-salary pension scheme and to introduce changes to overtime pay and bonuses. In return they promise a cash injection of £400million to save the beleaguered plant.
   
   However, last summer Tata staff threatened to strike over a planned shake-up of the pension scheme, which was in deficit by GBP 2 billion, which would have meant workers having to work an extra five years before they were able to retire. Walk-outs were averted after Tata and unions agreed an undisclosed deal that kept the final salary scheme.
   
   Greybull, a Chelsea-based investment office, is convinced that it can return the long products business to health if given a free hand - which could still mean up to 500 job losses .
   
   Source : The Mirror
   
8. voda 4 januari 2016 16:36

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   Mobarakeh Steel Company starts production of wrinkled color coated steel
   
   IRNA reported that Esfahan based Mobarakeh Steel Company produced 30 tonnes of wrinkled color sheets with competitive quality for the first time.
   
   The pablic relations department of Mobarakeh Steel Company on Saturday announced that this kind of sheet is applicable in internal and export market and used for inerior and exterior designing.
   
   Coating steel with zinc, tin and aluminum promotes sheet's durability and decreases the destructive effects of corrosive and oxidized environments.
   
   Due to the novelty of this coating and foreign customers' attention to wrinkled color sheets, the export market can focus on this kind of products.
   
   Mobarakeh Steel Company producing 5.6 million tons of sheets annually, is the biggest steel producer in Iran.
   
   Source : IRNA
   
9. voda 4 januari 2016 16:36

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   KIOCL to ship high grade iron ore pellets to Iran from NMPT
   
   The Hindu reported that Kudremukh Iron Ore Company Ltd’s first consignment of high grade pellets for Iran is likely to be shipped on Monday. The loading of 66,500 tonnes of pellets began at New Mangalore Port on Saturday.
   
   KIOCL’s CMD Mr Malay Chatterjee told reporters on Saturday the high grade iron ore for preparing pellets was procured from Brazil. He said “As Iran prefers to use only high grade pellets with Fe content above 66 per cent, the KIOCL imported the high grade iron ore concentrate from Brazil and produced high grade iron ore pellets of 67 per cent Fe.”
   
   Mr Chatterjee said the KIOCL was strategically located to serve Iran and other steel mills in West Asia that need high-grade iron pellets. Iran needs around 10 million tonnes per annum, and are in talks with steel mills in Iran and MENA region.
   
   Source : The Hindu
   
10. voda 4 januari 2016 16:37

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    ArcelorMittal SAIL JV project likely to finalise in 2016
    
    PTI reported that the INR 5,000 crore JV between steel giant ArcelorMittal and Steel Authority of India Limited is most likely to be finalized this year with the Steel Ministry working towards formalizing the project. Steel and Mines Minister Mr Narendra Singh Tomar told PTI that "We have signed an MoU with ArcelorMittal for a steel plant. We want to finalise the project this year. Work on it is progressing.”
    
    A senior government official said that if the project is operationalised it will be a double win for India. He said "One it will give a major boost to the 'Make in India' programme. Second, it will help us in further improving our world production ranking and inch closer to the number two spot.”
    
    In August 2015, ArcelorMittal's head of global automotive and commercial coordination Mr Brian Aranha had said "It's early days, and it could take between 18 months and two years for the MoU to become a formal joint venture, but we've certainly signaled our intent."
    
    In May last year, ArcelorMittal and SAIL has inked a memorandum of understanding to look at the possibility of setting up an automotive steel plant in the country.
    
    The proposed JV will construct a cold rolling mill and other downstream finishing facilities in India, touted as one of the fastest-growing automotive markets in the world with production expected to double between 2014 and 2020, from 3.6 million units to 7.3 million units.
    
    Source : PTI
    
11. voda 4 januari 2016 16:39

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    Tata Steel Kalinganagar Steel Plant to be Operational by March – MD
    
    Odisha Samaya reported that the Managing Director (India and South East Asia) of Tata Steel Mr TV Narendran on Friday informed that Jajpur’s Kalinganagar Plant will be completely operational by March this year. As per report, the Sinter plant is currently operational and the blast heater will begin stream soon.
    
    He said that “The steel plant will end up being functional in the next 10-15 days.”
    
    It may be remembered that Chief minister Naveen Patnaik had actually dedicated Tata Steel’s Kalinganagar steel plant to the nation on November 18.
    
    The steel plant, the biggest single-location steel project in the nation, would produce flat, lighter high-tensile strength steel for heavy markets sectors like ship-building, defence devices, energy and power, facilities building, aviation and lifting and excavation in the very first stage.
    
    Source : Odisha Samaya
    
12. voda 4 januari 2016 16:40

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    Chinese steel firms report USD 8 billion loss in 11 months of 2015
    
    Xinhua last week reported that according to China Iron and Steel Association, China's large and medium-sized steel mills suffered losses of CNY 53.1 billion (USD 8.18 billion) in the first eleven months of 2015
    
    Of the 101 steel mills tracked by the CISA, the total sales revenue stood at CNY 2.66 trillion, down 19.3 percent from the previous year
    
    In the first eleven months of 2015, China's crude steel production dropped 2.2 percent year on year to 738.38 million tonnes, latest data from the National Development and Reform Commission showed.
    
    Liu Xinwei, an analyst with sci99.com, forecast the steel market will continue to be weak in 2016 mainly due to the flagging property sector.
    
    Source : Xinhua
    
13. voda 4 januari 2016 16:42

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    Slow Vale response feeds anger over Samrco mine disaster in Brazil
    
    Sydney Morning Herald reported that Within hours of a deadly mining spill in November that would become Brazil's worst environmental disaster, BHP chief executive Andrew Mackenzie was in front of a camera offering his sympathies to those affected. Meanwhile, his counterpart at joint venture partner Vale SA , Murilo Ferreira, took nearly a week to talk to the press, setting the tone for a media strategy experts say has been slow and clumsy.
    
    While both companies' legal strategies seem similarly aimed at limiting their direct liability for the dam collapse that caused the disaster, a divergence in public relations tactics has left Vale, the world's biggest iron ore miner, taking the brunt of social media outrage and street protests over the tragedy, which killed 17 and left hundreds homeless. The Brazilian company regularly denies responsibility for the accident in interviews and press conferences, putting the blame solely on Samarco, the jointly owned venture with BHP Billiton which ran the iron ore mine where it occurred. In contrast, BHP tends to avoid discussing the subject, focusing on offering condolences and explaining the facts.
    
    In Rio and London, protesters took to the streets, some covered in mud and others carrying pictures of dead fish, with banners reading "Vale kills." The company's response has been improving. Ferreira struck an emotional cord towards the end of last month, promising to dedicate his days both as chief executive and in retirement to cleaning up the Rio Doce river, heavily polluted by the mud flow. Nonetheless, critics as well as external public relations consultants, said Vale's missteps are emblematic of Brazilian companies' perceived unwillingness to communicate.
    
    "Lawyers have huge influence in crisis situations like this, but the communications team have to push back... It looks like Vale didn't get the balance quite right here," said Lais Guarizzi, president of crisis management firm G&A Comunicação.
    
    Columnist Elio Gaspari countered in Rio de Janeiro's main daily, O Globo, that this was an insult to bar owners who would have behaved better. He wrote “With schoolmaster arguments, Vale shows it is reluctant to become part of the solution.”
    
    Vale has also suffered setbacks in court. Earlier this month a judge froze it and BHP's assets in a decision that dragged both mining giants further into a damages lawsuit with the government. Yet, Vale, which plans to appeal the decision, will probably stick to its strategy, legal experts say, as it fights to keep the 20 billion reais ($US5.05 billion) liability being sought by the government off its already stretched balance sheet.
    
    Source : Sydney Morning Herald
    
14. marcel13 4 januari 2016 17:19

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    ArcelorMittal en Shell dé aandelen van 2016
    
    Door Belegger.nl op 4 jan 2016 om 13:40
    
    experts zijn er vooral van overtuigd dat ArcelorMittal hét aandeel van 2016 gaat worden.
    
    www.belegger.nl/Column/170453/Arcelor...
15. voda 5 januari 2016 16:32

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    US raw steel production capacity utilization dips to 60% in 2015 end
    
    AISI reported that in the week ending January 2, 2016, domestic raw steel production was 1,440,000 net tons while the capability utilization rate was 60.2 percent. Production was 1,798,000 net tons in the week ending January 2, 2015 while the capability utilization then was 75.1 percent.
    
    The current week production represents a 19.9 percent decrease from the same period in the previous year. Production for the week ending January 2, 2016 is down 1.1 percent from the previous week ending December 26, 2015 when production was 1,456,000 net tons and the rate of capability utilization was 60.9 percent.
    
    Adjusted year-to-date production through January 2, 2016 was 1,440,000 net tons, at a capability utilization rate of 60.2 percent. That is down 19.9 percent from the 1,798,000 net tons during the same period last year, when the capability utilization rate was 75.1 percent.
    
    Broken down by districts, here's production for the week ending January 2, 2016 in thousands of net tons: North East: 204; Great Lakes: 582; Midwest: 176; Southern: 417 and Western: 61 for a total of 1440.
    
    Source : Strategic Research Institute
16. voda 5 januari 2016 16:34

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    GMS market commentary on shipbreaking in 2015- ANNUS HORRIBILIS!
    
    As 2015 draws to a close, it has been yet another bumper year in the ship-recycling industry (in terms of sales volumes). Not only have about 100 capesize bulkers been sold for recycling, but sales of panamax bulkers also ramped up in the last few months, with several units aged less than 20 years being committed to the various recycling destinations.
    
    Yet, as the oversupply of the global fleet persists, it could take another few active years of aggressive recycling before any modicum of balance is returned to the shipping markets.
    
    The most alarming facet of the ship-recycling markets this year has been the constant supply of cheap Chinese steel that has been undercutting local inventories and causing the foreclosure of many facilities in Gadani, Alang, and Chittagong.
    
    Values have HALVED in the space of one year alone and this has dragged with it, second- hand and freight rates as operating costs (particularly on dry units / bulkers) continue to pinch owners at or even below OPEX rates (in many cases).
    
    Despite the introduction of some new taxes on the import of Chinese steel in India and Pakistan in recent weeks, much more needs to be done in 2016 to further curb the chief threat to the recycling industry (at large).
    
    Whilst many seem to think we may have reached bottom on ship scrap values, the fact that there are only a limited number of yards now operating and huge volumes of tonnage still to be recycled (and a seemingly never-ending supply of Chinese steel due to the massive over production in China), caution should still be urged going into the new year.
    
    For week 52 of 2015, GMS demo rankings for the week are as below:
    
    Demo Ranking Country Market Sentiment GEN CARGO Prices TANKER Prices
    
    1 India Weak USD 280/lt ldt USD 310/lt ldt
    
    2 Bangladesh Weak USD 275/lt ldt USD 305/lt ldt
    
    3 Pakistan Weak USD 260/lt ldt USD 290/lt ldt
    
    4 Turkey Weak USD 160/lt ldt USD 165/lt ldt
    
    5 China Weak USD 125/lt ldt USD 145/lt ldt
    
    Source : GMS
    
    
17. voda 5 januari 2016 16:35

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    Turkish Iron and steel manufacturers discuss China threat
    
    Daily Sabah recently reported that the Turkish Union of Chambers and Commodity Exchanges President Mr Veysel Yayan said Turkey is being threatened by China with various countries taking preventive measures against exports of steel and iron from China through damping and compensatory duties and in product groups not included in these measures.
    
    According to Anadolu Agency, the Iron and Non-Iron Metal Sector Assembly is meeting to discuss problems in the iron and steel industry, especially those caused by Chinese exports. Yayan said that due to the measures and duties applied against China, Chinese exporters are now targeting countries without such measures. Anti-damping cases are filed, especially for flat products, including those importers from China, and Yayan highlighted that Chinese exports to Turkey are increasing tenfold more than its exports to other countries.
    
    Due to steel with damping and promotions from China, Turkey's steel production and exports have been decreasing, and after 15 years, Turkey has become a net importer of steel products, and the rate of imports meeting exports has decreased from 160 percent to 96 percent.
    
    Yayan, who also acts as the general secretary of the Turkish Steel Manufacturers Union, stated that China's steel production capacity has increased by 172 percent in the last 10 years, while Turkey still continues to be one of the biggest steel manufacturers in the ninth position.
    
    However, while Turkey's raw steel production saw the fastest increase in 2010-2011, the increase started slowing down as of 2013 and decreased to 8 percent in 2015. Yayan underlined that this decrease is caused by high import rates, as capacity use rates drop as imported goods replace locally manufactured products.
    
    A member of TOBB's Board of Directors, Faik Yavuz, who also attended the meeting, added that production was suspended at one of the largest names in the sector and reports in the media have caused the sector's customers, suppliers, investors and banks to start worrying. "This information pollution needs to be brought to an end," added Yavuz.
    
    Other representatives of the sector said that this was an individual case and that the sector should not be considered to be in trouble. Further, the problems with the inward processing regime were also discussed at the meeting, and it was highlighted that trade policies against unfair competition developed and the production at companies that have completed their undertakings under this regime and work in line with the rules should not be hindered.
    
    Source : Daily Sabah
18. voda 5 januari 2016 16:35

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    Partial relief for JSW Steel in Forest Development Tax case from Karnatak HC
    
    Business Standard reported that JSW Steel today said the Karnataka High Court on December 3 gave the steel maker a partial relief in the Forest Development Tax case. The company through a filing to the stock exchange informed judgment comes in response to a petition filed by mine owners and iron ore purchasers including JSW Steel against FDT levy.
    
    The notification also said parties who have filed the petition are entitled to appeal to the Supreme Court within 90-day stipulated period.
    
    The company is closely monitoring developments and will keep the exchange informed of any material developments affecting the company. Over an above the basic iron ore price, steel mills in Karnataka have also to pay royalty and FDT to Karnataka government which is a cost that is usually borne by the miners in other parts of the country.
    
    JSW Steel has no captive iron ore mines and relies on e-auctioned and some times imported iron ore to meet its requirement for its 10-million tonne steel capacity in Karnataka. For a 10-million tonne capacity plant, a company would normally need about 17-18 million tonne of ore.
    
    Source : Business Standard
    
19. voda 5 januari 2016 16:36

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    Italian Industry Minister Ms Guidi signs decree for ILVA sale
    
    ANSA reported that Italian Industry Minister Ms Federica Guidi on Monday signed a decree putting up for sale companies and plants in the troubled ILVA steel group. The tender for expressions of interest will be published Tuesday. Earlier this month the cabinet extended an environmental cleanup deadline for ILVA in order to make time for a sale of its facilities.
    
    Cabinet also earmarked 300 million euros to facilitate the sale, which is to be completed by June 30 this year.
    
    The buyer will be picked via "a public invitation to tender, assessed based on the merits of its proposal...and following transparency criteria," Guidi told reporters after the cabinet meeting.
    
    Italy in March passed a so-called save-ILVA decree allowing the cash-strapped steel manufacturer to get 400 million euros in State-backed loans from the national government's Cassa Depositi e Prestiti (CDP).
    
    The government has extended the cleanup deadline from August 4 to December 31 this year to make time for the tender.
    
    Extraordinary commissioners are now managing ILVA as the troubled firm goes through a massive environmental cleanup and financial turnaround project.
    
    Source : ANSA
    
20. voda 5 januari 2016 16:37

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    China's steel sector PMI increases in December
    
    China Steel Logistics Committee (CSLC), which is part of the China Federation of Logistics and Purchasing (CFLP), announced that the purchasing managers index (PMI) for the Chinese steel sector was at 40.6 percent in December 2016 up 3.6 percentage points as compared to November
    
    In addition, in December the production index for the steel sector increased by 3.1 percentage points compared to the previous month to 38.5 percent. Meanwhile, in December the sub-index for new orders saw an increase of 11.2 percentage points month on month to 40.9 percent.
    
    In the given month, the finished steel inventory index decreased to 39.5 percent, down 9.7 percentage points month on month, the index for new export orders saw a month-on-month increase of 6.6 percentage points to 47.8 percent, while the purchase price index in the Chinese steel sector stood at 26.0 percent, indicating an increase of 1.4 percentage points month on month.
    
    In December last year, the purchasing managers' index (PMI) of the steel sector in China’s Hebei Province increased to 39.1 percent, up 4.5 percentage points month on month, remaining below the threshold mark of 50 for the seventh consecutive month, as announced by the Hebei Province Metallurgical Industry Association.
    
    In December, the overall new order index for Hebei Province's steel sector stood at 41.5 percent, up 6.4 percentage points compared to the previous month. Meanwhile, the new export order index for the sector was at 60.7 percent, up 6.5 percentage points month on month. In the given month, the production index for Hebei Province's steel sector was at 32.7 percent, up 5.0 percentage points month on month.
    
    In December, the inventory index for finished steel in Hebei Province increased to 46.7 percent, up 5.3 percentage points month on month. In addition, the raw material inventory index in Hebei Province increased to 42.9 percent, up 4.7 percentage points month on month.
    
    Source : SteelOrbis