Nieuws en info hier plaatsen (deel 4)

1. voda 6 januari 2020 17:10

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   6 Hurt in Gas Leak Incident at SAIL BSP BF 8
   
   Six employees fell ill after inhaling toxic gas leaked in the Bhilai plant of the Steel Authority of India Ltd in Durg district of Chhattisgarh on Friday. All the six persons were rushed to the Jawahar Lal Nehru Hospital & Research Centre Bhilai and their condition is said to be out of danger. The incident occurred in the blast furnace number 8 and now everything is under control. SAIL BSP said “Owing to material slippage inside the blast furnace no 8, pressure increased inside the furnace and got released through the drain pot of hydraulic U seal that is installed for such purposes. One loco operator and two shunting staff, who were inside the locomotive that was positioned below the U seal, got affected by the release of gas.”
   
   The release further said that the leakage of gas was later stopped and the situation was brought under control.
   
   Source : Strategic Research Institute
2. voda 6 januari 2020 17:11

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   STS Steel to Restart Production in Schenectady
   
   STS Steel is trying to resume production as investigators search for the cause of a New Year's Eve fire that damaged their Schenectady manufacturing complex. STS Steel President Mr Glenn Tabolt said "Financially, we are going to take a little bit of a hit, because we had a high deductible. You don't plan for this kind of thing. The important thing is that nobody got hurt."
   
   The fire caused extensive damage to the offices and paint facility located in front of Rivers Casino & Resort and next door to the Mohawk Harbor residential, retail and office development. The fabrication plant suffered minor damage. STS is working to get power restored to the fabrication plant so work can resume by January 6. The damage to offices will require some employees to be relocated temporarily while the STS site is repaired.
   
   The company, co-founded in 1984 by Tabolt and business partner Jim Stori, makes massive girders and steel parts used in the construction of buildings, bridges and canal lock gates. STS currently is fabricating girders and other parts for Lane Construction and Schiavone Construction Co, which won a USD 232 million project to replace the Unionport Bridge in The Bronx.
   
   Source : Business Journal
3. voda 6 januari 2020 17:12

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   US DoC Preliminary Antidumping Duty on Collated Steel Staples from China
   
   The US Department of Commerce announced its affirmative preliminary determination in the antidumping duty investigation of imports of collated steel staples from China, finding that exporters from this country are dumping collated steel staples in the United States at a margin of 301.64 percent. As a result of tthis decision, Commerce will instruct US Customs and Border Protection to collect cash deposits from importers of collated steel staples from China based on the preliminary rate noted above.
   
   In 2018, imports of collated steel staples from China were valued at an estimated USD 88.8 million.
   
   The petitioner is Kyocera Senco Industrial Tools Inc of Cincinnati in Ohio
   
   Commerce is scheduled to announce the final determination on or about May 19, 2020. If Commerce’s final determination is affirmative, the U.S. International Trade Commission will be scheduled to make its final injury determination on or about July 2, 2020. If Commerce makes an affirmative final determination of dumping, and the ITC makes an affirmative final injury determination, Commerce will issue an AD order. If Commerce makes a negative final determination of dumping, or the ITC makes a negative final determination of injury, the investigation will be terminated and no order will be issued.
   
   Source : Strategic Research Institute
4. voda 6 januari 2020 17:13

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   EUROPIPE Bags Major Large Dia Pipe Order for for Baltic Pipe Project in Poland
   
   EUROPIPE will receive an order for the delivery of large-diameter pipes, anti-corrosion coating and concrete weight coating for the Polish offshore part of the Baltic Pipe Project. This was announced by GAZ-SYSTEM SA. The total quantity is 130,000 tonnes or 275 km. The 36” large-diameter pipes will be produced by EUROPIPE in the plant in Mülheim an der Ruhr.
   
   MÜLHEIM PIPECOATINGS GmbH, a subsidiary of EUROPIPE, will perform the external coating and internal lining of pipes. This will secure a basic workload for several months. The raw material for the pipe production will be supplied to EUROPIPE by its shareholders, Salzgitter group and Dillinger Hüttenwerke AG.
   
   Source : Strategic Research Institute
5. voda 6 januari 2020 17:19

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   Egyptian Ezz Steel Repors Losses in 9 Months of 2019
   
   The consolidated financial statements of Ezz Steel showed a net loss of EGP 4.321 billion in 9 months of 2019 as compared to EGP 326.1 million in the same period of 2018. The company’s sales declined to EGP 35.258 billion in 9 months of 2019, compared to EGP 37.446 billion in the comparison period, a decrease of 6%. Ezz Steel’s rebar sales amounted to EGP 26.8 billion, representing 76% of total sales. Moreover, the company’s flat steel sales reached EGP 8 billion, representing 23% of sales. The flat steel exports accounted for 50% of the company’s total sales.
   
   The rebar sales volume increased by about 9% in 9 months of 2019, recording 2.66 million tonnes, compared to 2.44 million tonnes during the comparison period. While, the flat steel sales volume decreased by about 17% to 813,000 tonnes in 9 months of 2019. The aggregate indicators at the production level showed that rebar production increased by about 1% in 9 months 2019 to 2.55 million tonnes, compared to 2.5 million tonnes in the comparison period. Flat steel production decreased by 19% at the end of September 2019 to 888,000 tonnes, compared to 1.1 million tonnes in the comparable period.
   
   Source : The Daily News
6. voda 7 januari 2020 19:12

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   Hoogoven Ilva-fabriek Italië mag blijven draaien
   
   Gepubliceerd op 7 jan 2020 om 15:14 | Views: 1.462
   
   ArcelorMittal 17:35
   15,06 +0,06 (+0,37%)
   
   TARENTE (AFN) - Een van de hoogovens van een gigantische staalfabriek van het voormalige Ilva in Zuid-Italië mag blijven draaien. Dat heeft een rechter in hoger beroep geoordeeld, meldt het Italiaanse persbureau ANSA. Op de hoogoven in Tarente werd beslag gelegd wegens een dodelijk ongeluk dat er in 2015 gebeurde.
   
   De installatie mocht sindsdien wel op een minimumniveau blijven draaien omdat de fabriek als geheel anders niet zou functioneren. In december oordeelde een rechter dat de hoogoven toch echt moest worden stilgelegd. Bewindvoerders van Ilva, dat in surseance van betalingen zit, tekenden vervolgens met succes beroep aan.
   
   De failliete Ilva-fabriek wordt momenteel gehuurd door ArcelorMittal, dat de staalfabriek uiteindelijk zal overnemen. Over die overeenkomst met de Italiaanse staat wordt sinds eind vorig jaar gesteggeld, nadat ArcelorMittal had gedreigd uit het reddingsplan te stappen.
7. voda 7 januari 2020 19:13

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   E&Y Appointed As Operation and Management Agency for BPSL
   
   PTI reported that Ernst and Young has been appointed as the operations and management agency for debt-ridden Bhushan Power and Steel Ltd, which is undergoing the corporate insolvency resolution process. The E&Y team has been appointed as the agency from January 1. A circular said "As per the terms of engagement, the EY team would be reporting to the monitoring committee, comprising the committee of creditors and resolution professional, and would be responsible for working with the Bhushan Power and Steel Ltd team to ensure the going concern is maintained.’
   
   It added that in the immediate course, nothing changes with regard to day-to-day operations, processes and approvals.
   
   Source : PTI

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8. voda 7 januari 2020 19:14

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   Worthington Industries Acquires a Majority Ownership of Samuel Steel Pickling Company
   
   Worthington Industries Inc announced it has acquired a majority ownership of the Samuel Steel Pickling Company, a joint venture Worthington has had with Samuel, Son & Co since 2010. The transaction includes adding Worthington’s recently acquired Heidtman Cleveland facility to the joint venture, which also has facilities in Cleveland and Twinsburg, Ohio. The joint venture will now be called Worthington Samuel Coil Processing LLC and its earnings will be consolidated into Worthington’s Steel Processing business unit. Worthington now has a 63 percent interest in the joint venture, and Samuel, Son & Co. holds a 37 percent interest.
   
   The new venture will include approximately 170 employees working at three facilities in northern Ohio, including one in Twinsburg and two located in Cleveland.
   
   Source : Strategic Research Institute
9. voda 7 januari 2020 19:34

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   Telangana Government Clarifies on Steel Plant at Bayyaram
   
   Hans India reported that Telangana State Secretary to Industry department Mr Jayesh Ranjan said that the proposal to set up the Integrated Steel Plant at Bayyaram is under consideration and the official committee headed by Special Chief Secretary Ajay Mishra was examining various aspects regarding establishment of the plant. In a clarification to the report published in The Hans India under "TS govt drops unviable Bayyaram steel plant" on January 4, the official, who is also Director Mines and Geology said that the government is strongly determined to ensure that the project becomes a reality.
   
   He also said that the Task Force meetings are being held at the Ministry of Steel in New Delhi and the State government will participate and furnish the required inputs for finalisation of the feasibility report. Mr Jayesh said that a team of MECON limited, Ranchi have visited various sites for suitability to establish the ISP, land availability, water resource and cost, power source and cost, raw materials availability and extension of incentives and concessions by the State government.
   
   The government furnished the required inputs to MECON except plant location, land availability and iron ore linkage. He also said that the reassessment of iron ore deposits in the state by Geological Survey of India reflected to be inferior quality and not suitable as raw material. Based on the suggestion by task force for iron ore linkage from NMDC mines in Chhattisgarh, the State government entrusted Rail Vikas Nigam Limited to take up feasibility survey for laying of railway lines from Bailadella to the proposed plant in Bayyaram area. The RVNL submitted the report and it is under examination by State government. The NMDC already expressed willingness for supply of iron ore.
   
   Source : Hans India
10. voda 7 januari 2020 19:34

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    Hoa Phat Reports 16.8% YoY Hike in Construction Steel in 2019
    
    Vietnamese Hoa Phat Group has provided more than 2.77 million tonnes of high quality construction steel to the market in 2019, a year-on-year surge of 16.8 percent. Of the total amount, over 265,000 tonnes of steel were shipped to Australia, Cambodia, Japan, Malaysia, China’s Taiwan, the Republic of Korea, and the US.
    
    In December alone, sales of construction steel reached 285,000 tonnes, up 33.7 percent from the same time in 2018. Particularly, steel sales in the southern region were estimated at 70,000 tonnes, tripling the amount recorded in December of 2018.
    
    As the group targets to produce 3.5-3.6 million tonnes of construction steel, with 1 million tonnes manufactured in the south in 2020, it is improving logistics services and developing marketing programmes to make Hoa Phat brand more popular in the Southeast and Mekong Delta regions.
    
    Source : Vietnam Plus
12. voda 7 januari 2020 19:35

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    MIDHANI Delivers Ultra High Strength Steel & Cobalt Alloys for Gaganyaan of ISRO
    
    Hyderabad based Mishra Dhatu Nigam Limited has dispatched its first consignment of Ultra High Strength Steel for Ignitor box and Cobalt alloy for Throat Sitting Rings for indigenous manned mission of Indian Space Research Organisation Gaganyaan which will carry our Vyomanauts to space. MIDHANI, the only manufacturer of Titanium Alloys and major supplier of Super Alloys in India, has indigenously developed and supplied various special metals and alloys required for ISRO space programmes from its first mission and continue to support all the missions.
    
    In addition to above materials, MIDHANI shall also supply Titanium Alloy materials for Gaganyaan's GSLV-Mark-III rocket liquid engine thrusters, nozzle, gas bottles, cryogenic upper stage components. MIDHANI and ISRO have been working together over four decades and have developed critical input materials used in cryogenic engine, rocket motor casing, propellant tanks, etc. Investment castings of vacuum melted quality of Nickel alloys, Stainless steel for Exhaust Unit and Hafnium-Niobium metal were also developed by MIDHANI, these materials will also be used in ISRO's ambitious Gaganyaan Mission.
    
    MIDHANI is in the process of establishing manufacturing facilities for carbon-fibre & 3D metal powder. An aluminium alloy plant in joint venture with NALCO at Nellore being setup under 'Make in India' initiative as a joint venture company 'Utkarsha Aluminium Dhatu Nigam Limited' would manufacture high end aluminium alloy product such as sheets, plates, extrusions and forgings for strategic & commercial sectors.
    
    Source : Strategic Research Institute
13. voda 7 januari 2020 19:36

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    AIRLAB 3D Prints Stainless Steel Components for Pavilion
    
    Built using more than 200 rods connected by 54 3D-printed steel nodes the temporary pavilion was created by the Architectural Intelligence Research Lab, based at the Singapore University of Technology and Design. Called AIRMESH, it is the product of five years of researching and was assembled in two days using only hex keys. Designed to remain on its site for three years, the pavilion has been oriented to frame four key views for visitors to the Grant Associates and Wilkinson Eyre Architects-designed park: the nearby Dragonfly River, the SG50 Dome, the garden's entrance path and the rooftop of the Moshe Safdie-designed Marina Bay Sands Hotel.
    
    Drawings its shape from what AIRLAB describes as a "three-dimensional complex neural network," the pavilion's tetrahedral design means it is able to withstand loads of 16 times its 700 kilogram weight despite its delicate appearance.
    
    Two layers of plastic mesh cover the pavilion's exteriors, shading the metal walkway inside while also allowing purple LED lights filled to either side of this path to illuminate the structure like a lantern at night.
    
    BBC Studios pavilion by Universal Design Studio and Giles Miller Studio at MIPCOM trade show in Cannes
    
    While AIRMESH is a temporary experiment, the research group hopes that many of the techniques that its structure demonstrates can be applied to future projects. In Rio Grande, Rael San Fratello 3D printed a series of earth structures, and in China AZL Architects built a garden pavilion using 3D-printed blocks of translucent plastic.
    
    Project credits:
    Designers: AIRLAB, Carlos Bañon and Felix Raspall
    Lead researcher: Anna Toh Hui Ping
    Research team: David Rosen, Vahid Hassani, Jenn Chong, Sourabh Maheshwary, Sihan Wang, Liu Chi, Huang Kunsheng, Luo Qihuan, Aurelia Chan and Cheong Yilei.
    
    Source : Dezeen

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14. voda 7 januari 2020 19:37

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    Commercial Metals Company Reports First Quarter Fiscal 2020 Results
    
    Commercial Metals Company announced financial results for its fiscal first quarter ended November 30, 2019. First quarter earnings from continuing operations were USD 82.8 million on net sales of USD 1.4 billion, compared to prior year period earnings from continuing operations of USD 19.4 million on net sales of USD 1.3 billion. Net sales increased 8% on a year-over-year basis driven by the Company's growth strategy and strong fundamentals in its core markets. CMC Chairman, President and Chief Executive Office Ms Barbara R Smith said "The first quarter marked the best financial performance from our strategically repositioned portfolio of operations. This milestone reflects the continued health of the US non-residential construction sector, which contributed to strong performances in our Americas Mills and Fabrication segments. We believe the metal margin performance seen over recent quarters highlights the stability of CMC's rebar and long product offerings compared to the broader steel market."
    
    Americas Recycling segment recorded adjusted EBITDA of USD 3.4 million for the first quarter of fiscal 2020 compared to adjusted EBITDA of USD 15.4 million for the prior year quarter. The decrease reflected a challenging price environment in which average ferrous prices decreased by 33% on a year-over-year basis. Low prices also reduced material flows during the quarter. Americas Mills segment recorded adjusted EBITDA of USD 155.0 million for the first quarter of fiscal 2020, an increase of 36% compared to adjusted EBITDA of USD 113.9 million for the first quarter of fiscal 2019. Volumes increased 42% compared to the prior year period, primarily due to additional production from acquired facilities. Americas Fabrication segment recorded adjusted EBITDA of USD 17.5 million for the first quarter of fiscal 2020, marking a significant improvement from an adjusted EBITDA loss of USD 37.0 million for the first quarter of fiscal 2019. International Mill segment in Poland recorded adjusted EBITDA of USD 11.4 million for the first quarter of fiscal 2020, compared to adjusted EBITDA of USD 32.8 million for the comparable prior year quarter. Safeguard trade measures have thus far been ineffective in deterring a surge of imported product into Europe, resulting in a compression of metal margins during the quarter.
    
    Ms Smith said "We expect construction and infrastructure demand to remain resilient. Customer sentiment and our own fabrication backlog both point to a strong outlook for activity, though our second quarter will be impacted by typical seasonality related to holidays and winter weather conditions affecting construction activity. We anticipate metal margin will remain above the historical cycle average, but will experience a decline from first quarter levels. We expect our progress in optimizing our expanded domestic mill network during the first quarter will yield benefits going forward. We anticipate Fabrication will remain profitable, while Recycling should see some benefit from the recent rebound in ferrous scrap prices. We expect challenges to remain for our Polish operations until the current overhang of imports to the European Union unwinds."
    
    Source : Strategic Research Institute
15. voda 7 januari 2020 19:39

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    Esfahan Steel Company Steel Exports Rise 30% in 2019
    
    Esfahan Steel Company exported more than 877,000 tons of steel products during the first nine months of the current Iranian year, March 21-December 21, to register a 30% rise compared with last year’s corresponding period. ESCO MD Mr Mansour Yazdizadeh expects the steel exports to reach 1.2 million tonnes by the end of the current fiscal year, by March 19, 2020
    
    Mr Yazdizadeh added that the number of ESCO's export destinations has increased from last fiscal year's 19 to 23 in the current fiscal year, the main ones being in the Persian Gulf region, Africa, Europe and the Commonwealth of Independent States.
    
    Source : Strategic Research Institute
16. voda 7 januari 2020 19:42

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    GMS Market Commentary on Shipbreaking in Week 01 - Upward Momentum
    
    It has been a roaring start to the year with prices, particularly in India, pushing on to levels approaching and in the case of certain containers, well above USD 400/LT LDT. Local steel plate prices have continually been shooting up in Alang over the festive period with over USD 30/LDT gained, subsequently placing India atop the market rankings and in prime position to secure its share of the tonnage, going into what is expected to be a busy and seminal year ahead with the new low Sulphur regulations entering into force. Meanwhile, Pakistan and Bangladesh remain stranded some ways behind, but as we have witnessed historically (and even this week), Chattogram Buyers are liable to jump spectacularly on favored (and often larger LDT) tonnage. On the Western end, Turkey continues to suffer, firmer in price, a weakening Lira, and an ongoing tonnage drought that's making industry players wonder just how long this market will continue this way.
    
    Meanwhile, with many candidates expected to enter the market over the coming year (as higher fuel costs make running some of the older vessels particularly cost prohibitive), the subcontinent markets will likely have much of the market tonnage to share. However, with increasingly tighter bank sanctions on Letters of Credit, it will also be a challenging year for industry players to ensure End Buyers are capable of taking in vessels and releasing funds on time, to ensure deliveries are smoothly coordinated.
    
    As such, all will be hoping that the positive trajectory witnessed in the opening week of the year holds strong through the rest of 2020 - although we can be sure of witnessing the usual rollercoaster movements that have characterized prior years in the international ship recycling markets.
    
    Source : Strategic Research Institute
17. voda 7 januari 2020 19:42

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    Manufacturing Downturn in Europe Deepens During December
    
    Having reached a three-month high in November, the IHS Markit Eurozone Manufacturing PMI lost momentum in December. Posting 46.3, down from 46.9 but slightly better than the earlier flash reading of 45.9, the PMI remained below the crucial 50.0 nochange mark for an eleventh successive month. Highlighting the continued underlying weakness in sector performance, the PMI averaged 46.4 in the final quarter, unchanged on the previous quarter's near seven-year low. Market groups data indicated that manufacturing underperformance was centred on the intermediate and investment goods sectors, with the respective PMIs remaining well inside negative territory. Conversely, marginal growth was recorded in the consumer goods category for the first time since August. Chris Williamson, Chief Business Economist at IHS Markit said “Eurozone manufacturers reported a dire end to 2019, with output falling at a rate not exceeded since 2012. The survey is indicative of production falling by 1.5% in the fourth quarter; acting as a severe drag on the wider economy. Although firms grew somewhat more optimistic about the year ahead, a return to growth remains a long way off given that new order inflows continued to fall at one of the fastest rates seen over the past seven years. Firms sought to reduce inventory levels and cut headcounts as a result, focusing on slashing capacity and lowering costs. Such cost cutting was again also evident in further steep falls in demand for machinery, equipment and production-line inputs. Only households provided any source of improved demand in December, underscoring how the consumer sector has helped keep the economy out of recession in recent months. The ability of the wider economy to avoid sliding into a downturn in the face of such a steep manufacturing contraction remains a key challenge for the eurozone as we head into 2020”
    
    Key findings
    Final Eurozone Manufacturing PM I at 46.3 in December (Flash: 45.9, November Final: 46.9)
    Accelerated falls in both output and new orders signalled at end of 2019
    Prevalence of spare capacity leads to further job losses
    
    There was a broad-based softening of PMI figures during December, with seven of the eight countries covered by the survey recording weaker PMI numbers compared to November (the exception being Austria, which registered an unmoved reading).
    
    Germany was again the weakest-performing country, whilst the deteriorations seen in Italy and the Netherlands were the sharpest in over six-and-a-half years. Conversely, growth was sustained to a solid degree in Greece, whilst a marginal gain was seen in France.
    
    Both production and new orders continued to deteriorate markedly during December. Latest data showed output falling for an eleventh successive month and at a rate that matched September’s 81-month record. Levels of incoming new work also fell at a sharper rate. That was despite the weakest reduction in new export sales since the start of the year.
    
    With new work continuing to fall, manufacturers were again able to make notable inroads into their existing contracts. Backlogs of work declined for a sixteenth successive month, and at a faster rate compared to November. Spare capacity subsequently weighed on employment, which declined during December for an eighth successive month. Moreover, the rate of job losses was the sharpest recorded by the survey since the start of 2013. In line with recent trends, job shedding remained centred on Germany. Greece, in contrast, saw strong employment growth, with France the only other country not to record lower employment during the month.
    
    Further evidence of general manufacturing retrenchment was provided by purchasing and inventory data. The volume of inputs bought by manufacturers declined during December for a thirteenth successive month, whilst inventories of both inputs and finished goods continued to fall.
    
    Further highlighting supply-side slack was a further fall in input prices, the seventh in consecutive months. Although the weakest since September, deflation remained marked and provided further room for manufacturers to lower their own charges. Latest data showed output prices falling again in December, as they have done in each month since July.
    
    Finally, confidence about the future continued to steadily improve at the end of 2019. Having hit its lowest in over six-and-a-half years during August, expectations about output strengthened to a six-month high during December. Except for France and Greece, sentiment improved across the region.
    
    Source : Strategic Research Institute
18. voda 7 januari 2020 19:43

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    December Data Signals Fractional Deterioration in Operating Conditions in ASEAN
    
    ASEAN manufacturing conditions continued to deteriorate in December, albeit at the softest rate in the current seven-month sequence of decline, according to latest IHS Markit Purchasing Managers Index data. The headline PMI rose from 49.2 in November to 49.8 in December, to signal a seventh consecutive deterioration in the health of the ASEAN manufacturing sector. That said, the headline figure climbed to the highest since May to highlight only a fractional decline overall. Contributing to the softer downturn was the first rise in output since June, albeit one that was only fractional, alongside an uptick in order book volumes for the first time in five months. Weighing on the headline index was a further modest improvement in suppliers' delivery times and falls in both employment and input inventories. Lewis Cooper, Economist at IHS Markit, said "The ASEAN manufacturing sector saw a further deterioration in operating conditions at the end of 2019, with the PMI posting in contractionary territory for the seventh month in a row. That said, the decline was the softest in the current sequence of contraction, with ASEAN goods-producers signalling only a fractional deterioration in the health of the sector. Production increased for the first time since June, albeit barely, whilst incoming new business rose for the first time in five months, to highlight some improvement in demand conditions. Nonetheless, 2019's overall performance has been subdued, with the average PMI reading (49.6) down from that seen in 2018 (50.6). In order for the ASEAN sector to begin next year on a stronger footing, a further improvement in total new business will be needed, as muted demand conditions remain a key concern."
    
    Key findings
    Operating conditions deteriorate at softest pace since current downturn began in June
    Output rises for first time in six months amid uptick in new orders
    Workforce numbers fall further, albeit at slower rate
    
    At the country level, Myanmar continued to top the rankings, recording the highest headline figure of the seven monitored countries. At 52.0 the latest reading for Myanmar was the lowest for three months, and signalled a modest improvement in operating conditions. The Philippines also registered an improvement, as has been the case in each month since the series began in early-2016. The headline figure (51.7) was also indicative of a moderate expansion overall, driven by continued new order growth. Meanwhile, Vietnam reported a back-to-back monthly improvement in manufacturing conditions during December. The headline index (50.8) highlighted only a slight uptick, however.
    
    At the same time, Thailand recorded broadly stagnant conditions during the latest survey period, with the headline figure (50.1) signalling only a fractional improvement. Concurrently, Malaysia's headline index posted at the neutral 50.0 mark during December, to signal no change in operating conditions across the manufacturing sector.
    
    Indonesian goods producers recorded a sixth successive deterioration in conditions according to December data. That said, the rate of decline was the softest in the aforementioned sequence and only marginal overall.
    
    Meanwhile, Singapore’s downturn continued during December, with the headline figure (46.1) signalling a deterioration in operating conditions for the seventeenth month in a row. Moreover, the rate of decline accelerated from November and was solid overall.
    
    December data highlighted further weakness in the ASEAN manufacturing sector at the end of 2019, with the downturn persisting for the seventh successive month, though there were some positive developments. Output increased for the first time since June, although barely, whilst order book volumes rose slightly for the first time in five months. New business from abroad declined at the sharpest rate for three months, however.
    
    Firms continued to cut workforce numbers during the latest survey period, as has been the case in each month since June. The rate of job shedding was the softest for four months and only slight, however. Meanwhile, outstanding business also contracted during December. The rate of backlog depletion was unchanged from November and moderate overall.
    
    On the price front, cost burdens rose further during December, as has been the case in each month since the series began in early-2011. The rate of cost inflation quickened to the fastest since September, but remained marginal. Average prices charged by ASEAN manufacturers also increased, following two months of no-change. The rate of selling price inflation was the only fractional, however.
    
    Nonetheless, ASEAN goods producers remained confident that output would increase over the coming year in December, though the level of positive sentiment softened from November.
    
    Source : Strategic Research Institute
19. voda 7 januari 2020 19:44

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    • voda

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    US Raw Steel Production in Week 01 Remains Strong
    
    American Iron & Steel Industries reported that in the week ending on January 4, 2020, domestic raw steel production was 1,898,000 net tons while the capability utilization rate was 82.0 percent. Production was 1,861,000 net tons in the week ending January 4, 2019 while the capability utilization then was 79.4 percent. The current week production represents a 2.0 percent increase from the same period in the previous year. Production for the week ending January 4, 2020 is up 1.2 percent from the previous week ending December 28, 2019 when production was 1,876,000 net tons and the rate of capability utilization was 81.1 percent.
    
    Adjusted year-to-date production through January 4, 2020 was 1,898,000 net tons, at a capability utilization rate of 82.0 percent. That is up 2.0 percent from the 1,861,000 net tons during the same period last year, when the capability utilization rate was 79.4 percent.
    
    Broken down by districts, here's production for the week ending January 4, 2020 in thousands of net tons: North East: 232; Great Lakes: 666; Midwest: 209; Southern: 698 and Western: 93 for a total of 1898.
    
    Source : Strategic Research Institute
20. voda 8 januari 2020 16:39

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    • voda

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    Odisha Auctions Could Result in Surge in Iron Ore Prices in India - Crisil
    
    Disruptions in mines, elevated inventory levels and high bid premiums in the recent auctions in Karnataka pose hiccups on the supply side even as dampeners abound on the demand side, too. In the context, even the upcoming mine auctions in Odisha are expected to see high bid premiums. With the deadline of March 31, 2020 fast approaching when mining leases of over 40 iron ore mines accounting for about 60 million tonnes of ore in India will expire, all eyes are on the auction of 18 of these mines from Odisha over the next few months. Early indications suggest that the new auction rule that is being implemented as part of the amendments in the Mines and Minerals (Development and Regulation) Act will result in an increase in cost by at least 30-40 per cent for non integrated steel makers. A report by CRISIL Research said "We expect bidding for the Odisha mines to be aggressive. That's because the first lot of 10 mines where auction was later annulled had seen aggression, with 177 bids from a total of 58 companies. Iron ore prices are expected to rise depending on the bid premiums quoted in the auction. Our base case is the premium would be more than 40 percent for most mines, based on the high reserve price already set. That would potentially translate into a price hike of 30-40 per cent after operations begin."
    
    CRISIL Research estimates that the landed price for a non-integrated steel maker on the eastern coast to be INR 3700-3800 per tonne including royalty, freight and other charges.
    
    While 15 of the 20 mines to be auctioned predominantly have iron ore, three have both iron ore and manganese, while the remaining are primarily manganese reserves. The 18 mines containing iron ore reserves together hold 1600 million tonnes of which five mines accounting for 33 per cent are reserved for specified end-use. All are operative mines whose lease tenure ceases by March 31, 2020.
    
    In fiscal 2019, India is estimated to have produced 207 million tonne of iron ore of which, more than two-thirds was by merchant miners and the rest by captive steel makers. Odisha alone is estimated to have produced 114 million tonne, or more than half of India’s iron ore production.
    
    After the annulment of three notices inviting tender released in October for auction of iron ore and manganese blocks because of conflicts between participating bidders, the Odisha government released an NIT for 20 iron ore and manganese blocks on December 6, 2019. A single bid clause was added in the document wherein bidders can make only one offer for one mineral block and no affiliate (subsidiary, parent, or joint venture) of theirs can bid for the same mineral block.
    
    Source : Strategic Research Institute
21. voda 8 januari 2020 16:41

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    • voda

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    Court Allows Opening of BF 2 at ArcelorMittal Ilva Steel Plant
    
    An Italian court ruled that one of three blast furnaces at ArcelorMittal’s Ilva steel plant need not be shut down despite concerns it was in breach of safety rules. As per new ruling, blast furnace 2 will keep operating. AFO2 was first sequestered in June 2015 after an accident killed 35-year-old worker Alessandro Morricella, who was hit by a stream of molten iron. The ruling gave the commissioners up to 12 months to fulfil a set of requirements to make the furnace compliant with environmental and safety rules
    
    The decision overturns a previous order from a local magistrate that the furnace should be closed after the death of a worker at Europe’s biggest steel plant in the city of Taranto.
    
    The ruling removes a potential hurdle in talks between state-appointed commissioners managing the Ilva plant and ArcelorMittal to revive a 2018 deal for the world’s biggest steelmaker to buy the loss-making steelworks.
    
    Source : Strategic Research Institute