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1. voda 3 augustus 2015 17:16

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   SAIL to attain 50 million tonne steel production by 2025 - Minister
   
   Busienss Standard reported that the Indian government is aiming at scaling the steel output at Steel Authority of India Limited to 50 million tonnes by 2025 and expansion plans of other government-owned entities are on the anvil.
   
   Mr Narendra Singh Tomar, Union minister for mining and steel said “At present, the PSU has a production of 13 million tonnes which would be augmented further to 23 million tonnes by September this year. We are targetting it to take up to 50 million tonnes, with an investment of INR 150,000 crore.”
   
   He added “In order to achieve a target of producing 300 million tonnes of steel by 2025, a concept of special purpose vehicle has been proposed with state governments of Chhattisgharh, Odisha, Jharkhand and Karnataka."
   
   Further expansion of Bhilai Steel Plant with an investment of Rs 15,000 crore approximately is on the anvil, Tomar said, adding that the expansion of SAIL's IISCO steel plant at Burnpur is also ready to be dedicated to the nation. "We have urged Prime Minister Narendra Modi to dedicate it to the nation," Tomar said.
   
   Source : Busienss Standard
   
2. voda 3 augustus 2015 17:19

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   TMK announces operational results for H1 of 2015
   
   2Q 2015 and 1H 2015 Highlights
   In 1H 2015, TMK shipped a total of 1,957 thousand tonnes of steel pipe, down 4.8% year-on-year. In 2Q 2015, shipments decreased by 3.3% quarter-on-quarter to 962 thousand tonnes. The decline in shipments was due to lower shipments of the American Division in light of the unfavourable market situation. However, in the Russian Division, where the demand for pipe for oil and gas industry remains steady, the shipments grew by 10.2% quarter-on-quarter and year-on-year. Large diameter pipe (LDP) shipments doubled in 1H 2015 year-on-year.
   
   In 1H 2015, seamless pipe shipments fell by 1.1% year-on-year to 1,213 thousand tonnes. Shipments in 2Q 2015 also went down by 4.1% quarter-on-quarter to 594 thousand tonnes.
   
   In 1H 2015, welded pipe shipments fell by 10.2% year-on-year to 745 thousand tonnes. In 2Q 2015, welded pipe shipments were down 2% quarter-on-quarter. It was OCTG (the American Division) and industrial pipe that saw a decline, which is in line with the downward trend regarding the share of low-margin products in TMK's shipments.
   
   In 1H 2015, shipments of premium threaded connections amounted to 363 thousand joints, down 11.1% year-on-year. In 2Q 2015, shipments of premium products were down 9% quarter-on-quarter, totalling 173 thousand. TMK’s share in the Russian market increased to 78% in 1H 2015.
   
   Russian Division
   The Russian pipe market demonstrated moderate growth in 1H 2015. The rise in demand for tubular products allowed the Company to increase shipment volumes and strengthen its position in the Russian market. At the end of the reporting period, the Company’s share of the shipments to the Russian market grew and exceeded 25%, whereas TMK’s share in seamless OCTG totalled 67%.
   
   In 1H 2015, TMK's Russian Division shipped 1,521 thousand tonnes[1] of tubular products, up 10.1% year-on-year. In 2Q 2015, the division shipped 797 thousand tonnes of pipe, up 10.2% quarter-on-quarter.
   
   In 1H 2015, the Russian division's seamless pipe shipments grew by 3.4% year-on-year to 918 thousand tonnes. In 2Q 2015, the division shipped 459 thousand tonnes of seamless tubular products, which is almost flat quarter-on-quarter.
   
   In 1H 2015, the division's seamless OCTG shipments decreased 7.8% year-on-year to 495 thousand tonnes. The decline was driven by a general drop in demand for casing and drill pipe on the Russian market. However, in 2Q 2015, the shipments were up 1.5% quarter-on-quarter, reaching 249 thousand tonnes.
   
   In 1H 2015, the division's shipments of seamless line pipe increased by 23.3% year-on-year to 263 thousand tonnes. In 2Q 2015, shipments of this product decreased by 12.3% quarter-on-quarter to 123 thousand tonnes.
   
   In 1H 2015, the division's shipments of seamless industrial pipe went up by 16% to 160 thousand tonnes. The second quarter saw 87 thousand tonnes of this product shipped, up 19% quarter-on-quarter.
   
   In 1H 2015 the Russian Division shipped 603 thousand tonnes of welded pipe, up 22.3% year-on-year. This growth was mainly driven by the increase of LDP shipments for gas trunk pipeline projects. In 2Q 2015, welded pipe shipments grew by 27.8 quarter-on-quarter to 338 thousand tonnes.
   
   In 1H 2015, the division's LDP shipments amounted to 343 thousand tonnes, achieving an almost twofold growth year-on-year. The growth was driven by the construction under two major pipeline projects: Southern Corridor and Bovanenkovo–Ukhta – 2. In 2Q 2015, the LDP shipments were up 20.9% quarter-on-quarter to 188 thousand tonnes, which results from the launch of TMK shipments for the Power of Siberia project.
   
   American Division
   
   In 2Q 2015, Baker Hughes reported a decline in the average active rig count in the USA by 35% quarter-on-quarter to 907 rigs due to the continuing slump in oil prices, which resulted in a lower demand for OCTG and growth of pipe inventories. At the same time, large volumes of pipe are still imported to the American market, which contributes to the pressure on prices.
   
   Against this backdrop, the American Division shipped a total of 352 thousand tonnes of pipe in 1H 2015, down 40.6% year-on-year. In 2Q 2015, the shipments were down 47.1% quarter-on-quarter, totalling 122 thousand tonnes.
   
   In 1H 2015, shipments of seamless pipe dropped 18.1% to 209 thousand tonnes. In 2Q 2015, the division shipped 91 thousand tonnes of this product, down 23% quarter-on-quarter.
   
   In 1H 2015, shipments of seamless OCTG pipe dropped by 12.3% to 173 thousand tonnes. In 2Q 2015, shipments of this product fell by 32.3% quarter-on-quarter to 70 thousand tonnes.
   
   In 1H 2015, TMK's American Division shipped a total of 14 thousand tonnes of seamless line pipe, down 21.7% year-on-year. However, in 2Q 2015, shipments of this pipe product trebled to 11 thousand tonnes quarter-on-quarter.
   
   In 1H 2015, the shipments of seamless industrial pipe dropped 44.2% year-on-year to 23 thousand tonnes. In 2Q 2015, the division shipped 11 thousand tonnes of this product, down 11.5% quarter-on-quarter.
   
   In 1H 2015, welded pipe shipments were down 57.8% year-on-year to 142 thousand tonnes. In 2Q 2015, welded pipe shipments fell 72.7% quarter-on-quarter to 30 thousand tonnes. The decrease in low-margin welded pipe segment was triggered by the weak demand, price drop and high volumes of welded OCTG import. In 1H 2015, TMK shipped a total of 84 thousand tonnes of welded OCTG pipe, down 63.4% year-on-year.
   
   European Division
   
   In 1H 2015, the European pipe market was still tough due to growing competition, which puts pressure on prices. Nevertheless, in the first half of 2015, TMK's European Division shipped a total of 85 thousand tonnes of seamless pipe, up 2.9% year-on-year. In 2Q 2015, the shipments were up 3.4% quarter-on-quarter, reaching 43 thousand tonnes.
   
   Premium Segment
   In the first half of 2015, TMK's Russian and American Divisions shipped a total of 363 thousand TMK UP premium threaded connections, down 11.1% year-on-year. In 2Q 2015, shipments of premium products were down 9% quarter-on-quarter, which is mainly due to the decline in demand. The premium segment remains a strategic priority for the Russian division especially in view of the opportunities for import substitution.
   
   Outlook
   Further Russian market outlook will stem from several factors, mainly global oil prices, which have a strong impact on the oil and gas industry capex. In the Russian Federation this factor is less significant, as its adverse effects are smoothed out by ruble devaluation.
   
   One of the essential drivers behind the Russian pipe market growth was major pipeline projects. In addition, the Company has a chance to strengthen its positions in the seamless OCTG segment due to lower imports of this product into Russia.
   
   In the Russian market of welded and seamless industrial pipe will see a decline in demand due to a slowdown in the construction and engineering industries.
   
   
3. voda 3 augustus 2015 17:21

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   Deel 2:
   
   TMK expects the OCTG demand in the American market to remain flat until the end of 2015 on the back of low drilling activity. However, no further market slump is expected as the shipments have already touched their low.
   
   In case of winning the anti-dumping investigation on imports of line pipe into the USA, this segment will be able to grow more rapidly. In 2016, the demand for OCTG and line pipe is likely to gradually go up, provided that oil prices and drilling volumes stabilise and inventories decline.
   
   In 3Q 2015, TMK expects no improvement in the European pipe market due to the holiday season. Further on a subsequent slow recovery is expected. In 2015, TMK expects shipments to remain broadly flat year-on-year. Lower sales in the USA will be offset by higher shipment volumes in the Russian Division.
   
   In general, the Company retains the positive dynamics in the most profitable segments of the business. Along with the improvement of the terms of payment on the part of large consumers, it allows TMK to generate additional cash flow and direct them to reduce debt.
   
   Source : Strategic Research Institute
4. voda 3 augustus 2015 17:22

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   ArcelorMittal South Africa sets Kumba Iron Ore Price Demand
   
   Bloomberg last week reported that ArcelorMittal South Africa said that it will import iron ore should it fail to renegotiate a price deal with Anglo American Plc’s Kumba Iron Ore unit, which sees the steelmaker paying 60 percent more than current market rates.
   
   The companies agreed in November 2013 that Kumba will sell as many as 6.25 million metric tons of iron ore annually to the local unit of the world’s largest steelmaker, known as AMSA, at the cost of production plus a 20 percent margin. Prices have since declined 61 percent amid a glut in supply as the largest producers including Vale SA and Rio Tinto Plc increased output.
   
   AMSA paid 1.04 billion rand ($82 million) more for ore in the nine months through June than it would have if it bought outside its arrangement with Kumba under spot prices. CEO Mr Paul O’Flaherty said at a presentation in Johannesburg Friday that “If you were in our shoes, would you continue to buy from Kumba? We will, either way, pursue lower iron-ore prices, with or without Kumba.”
   
   AMSA saved more than 25 billion rand through its supply agreement with Kumba from 2001 to 2014, Yvonne Mfolo, a spokeswoman for the Pretoria-based iron-ore producer, said in an e-mailed response to questions. She said “During times of high iron-ore prices AMSA, has derived significant benefits from Kumba,” Mfolo said. “Kumba continues to believe that over the life of the mine, the agreement will be beneficial to AMSA.”
   
   Source : Bloomberg
5. voda 3 augustus 2015 17:24

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   ArcelorMittal sees Chinese steel demand shrinking this year and export surging
   
   Published on Mon, 03 Aug 2015 189 times viewed
   
   Reuters reported that global steel giant ArcelorMittal sees Chinese steel demand shrinking in 2015. It said on Friday “China's steel demand will shrink this year and lead to a flood of exports. China's steel demand including inventory changes sliding by up to 1 percent compared with a previous forecast of growth between half a percentage point and 1 percent.”
   
   Chinese exports will add to the glut of steel on the global market, where consumption is expected to total 1.6 billion tonnes and production 1.66 billion tonnes. ArcelorMittal's Chief Executive Mr Aditya Mittal said on a conference call "In 2014 Chinese exports averaged about 90 million tones and our expectation is they will average about 100 million this year.”
   
   Mr Mittal added that the pace of exports from China in January was roughly 120 million tones on an annualised basis.
   
   He added "The Chinese steel industry is really getting squeezed at this point in time. This could mean they cut production. That will be good for the global steel industry.”
   
   Warning ArcelorMittal would fight any attempts by Chinese producers to dump subsidised steel on Europe, he said "We are working actively with other peers to make sure there's a fair trade environment in the markets in which we operate."
   
   China's consumption this year is expected at around 730 million against its output at around 840 million tonnes.
   
   Source : Reuters
   
6. voda 3 augustus 2015 19:32

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   US Steel cutting value of its Canadian assets
   
   The Spec reported that US Steel is taking a hefty writedown on the value of its Canadian assets. In second quarter financial results reported lastw week, the company said it's recording a non-cash, pre-tax charge of $255 million to reduce the value of its retained holdings in US Steel Canada, the former Stelco has been under creditor protection since September.
   
   That loss includes a $136-million writedown of the US Steel Company of Canada value plus a $10-million net loss related to restructuring and other charges. Those losses compared to net losses of $18 million for the second quarter of 2014 and $75 million for the first quarter of 2015.
   
   In a news release, company president Mario Longhi credited the company's aggressive cost cutting program with keeping the losses from growing faster. He said "We've taken aggressive and decisive actions to address the extremely challenging conditions we continue to face in North America. Our Carnegie Way efforts, combined with short-term cost improvements, have helped to partially offset the continued depressed volumes and low prices in both the tubular and flat-rolled markets as well as the negative impact of tremendously high levels of imports."
   
   Source : The Spec
   
   
7. voda 3 augustus 2015 19:33

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   Philippines keeps import tariffs on steel bars
   
   Manila Standard reported that Philippines Trade Department extended for another four years the protective tariff against imported steel angle bars with an annual reduction rate of 5 percent until the fourth year to give local manufacturers time to adjust to competition.
   
   Trade, on the recommendation of the Tariff Commission, imposed a tariff of P3,345 per metric ton against imported steel angle bars on the first year starting March 16, 2015 to March 17, 2016; P3,178 per MT on the second year from March 18, 2016 to March 19, 2017; P3,019 per MT on the third year from March 20, 2017 to March 21, 2018; and P2,868 per MT from March 22, 2018 to March 23, 2019.
   
   The department said it reserved the right to review and modify the amount if found necessary.
   
   The order also imposes that same measure on imported unequal leg angle bars. Marine grade steel angle bats, however, are excluded from the definitive general safeguard measure.
   
   The Trade Department issued the order in response to a petition filed by the Steel Angles, Shapes and Section Manufacturers Association of the Philippines for a final extension of the safeguard measures on imported steel angle bars. The group, composed of Lunar Steel Philippines, Maxima Steel Mills Corp and 21st Century Steel Mill Inc, claimed the safeguard measures was necessary to prevent or remedy the serious injury caused by imported steel angle bars to the domestic producers and give them time to build their competitiveness.
   
   The Tariff Commission noted that while the combined output of SASSMAPI members accounted for a major proportion of the total domestic production of steel angle bars, there was still a significant increase in the importation of the same product in the last two years. An investigation conducted by the commission showed that the termination of the safeguard duty would make it difficult for the domestic industry to price local products at a competitive level and erode the positive gains made by Philippine companies in adjusting to competition.
   
   The commission said the continuation of safeguard measures on steel angle bars would eventually redound to more affordable prices for the public, adding local companies had introduced reforms in preparation for the inevitable entry of major imported commodities tax-free under the Asean economic integration.
   
   Source : Manila Standard
   
8. voda 3 augustus 2015 20:10

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   ArcelorMittal's (MT) CEO Lakshmi Mittal on Q2 2015 Results - Earnings Call Transcript
   
   Aug. 2, 2015 1:54 AM ET | About: ArcelorMittal (MT)
   
   Operator
   
   Daniel, you can start now.
   
   Daniel Fairclough - Director of Investor Relations London
   
   Thank you. Good morning and good afternoon, everybody. This is Daniel Fairclough from ArcelorMittal Investor Relations team. Thank you for joining us today on our conference call for the Second Quarter 2015 Results. First, I'd like to remind you that this call is being recorded. We are going to have a brief presentation from Mr. Mittal and Aditya, followed by a Q&A session. The whole call should last about one hour. [Operator Instructions]
   
   And with that, I will hand over the call to Mr. Mittal.
   Lakshmi Niwas Mittal - Chairman, Chief Executive Officer, President, Managing Director of Operations
   Thank you. Good day to everyone and welcome to ArcelorMittal's second quarter 2015 results call. I am joined on this call today by all the members of the group management board and also Simon Wandke, who is the CEO of our Mining segment.
   
   I will begin today's presentation with a brief overview of our second quarter 2015 results, followed by an update of our recent developments. I will then spend some time on the outlook for our markets before I turn the call over to Adit. He will go through the results in greater detail and provide an update on our guidance and targets for 2015.
   
   As usual, I will start with Health and Safety. After a period of stability and inertia, we have broken new ground. The lost time injury frequency rate in the second quarter of 2015 was 0.68 times. This is the best frequency rate the group has ever achieved. As a Company, we are committed to safety. And I want to see further progress in this area as we continue our journey towards zero harm.
   
   Turning to the second quarter highlights shown on Slide 4. We’ve reported EBITDA of $1.4 billion. This is essentially stable as compared to the first quarter of 2015. We have reported a net income of $200 million for the quarter, which compare favorably with the recent period. I am also pleased to see the continued positive free cash flow generation and ongoing progress on net debt which is almost $900 million lower than the level 12 months ago.
   
   On the next slide, I want to spend a few more minutes on the performance of our steel business. Steel shipments of 22.2 million tonnes in the second quarter of 2015 were 3.4% higher than the same quarter of 2014. The standout segment is again Europe, where we continued to make good progress. EBITDA increased by 10.5% reflecting further improve market conditions as well as the results of our cost optimization efforts.
   
   In local currency terms the improvement is even more pronounced at 22.7% year-on-year basis. The reported results for our NAFTA business have improved following the inventory write-downs, and onerous contract provisions booked in Q1. Looking at Brazil, our performance has remained resilient in the face of a challenging domestic market. Dollar margins have been squeezed, due to lower realized selling prices and aggressive competition in exports-led market, but this has to an extent been offset by higher shipments.
   
   The performance of the ACIS segment has again been disappointing. Despite of our continued progress on operational improvements, market conditions have been very challenging, particularly in South Africa and Kazakhstan.
   
   Moving to our Mining segment performance on Slide 6, iron ore production in the second quarter was 5.1% over the Q1 2015 levels. Market price shipments increased by 2.7% year-on-year. Mining segment profitability remained stable, relative to the first quarter. The lower iron ore market prices were offset by a seasonal pick and shipments and further improved cost performance.
   
   Our performance at mines Canada is particularly notable. Following the expansion, this is now a world-class operation currently operating well above its nominal capacity of 24 million tonnes. We reported record iron ore shipments volume in June of 2.7 million tonnes, and 7 million tonnes for the second quarter.
   
   Source - seekingalpha.com/article/3386705-arce...
   
9. [verwijderd] 4 augustus 2015 15:33

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   marketrealist.com/2015/08/lower-steel...
10. voda 4 augustus 2015 16:59

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    US raw steel production in Week 31 dips 8% YoY
    
    In the week ending August 1, 2015, domestic raw steel production was 1,760,000 net tons while the capability utilization rate was 73.6 percent. Production was 1,914,000 net tons in the week ending August 1, 2014 while the capability utilization then was 79.6 percent. The current week production represents a 8.0 percent decrease from the same period in the previous year. Production for the week ending August 1, 2015 is up 1.1 percent from the previous week ending July 25, 2015 when production was 1,740,000 net tons and the rate of capability utilization was 72.8 percent.
    
    Source : Strategic Research Istitute
    
12. voda 4 augustus 2015 17:00

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    Teesside steelmaker SSI smashes production records
    
    The Northern Echo reported that staff at Teesside steelworks has been praised for smashing a succession of production records, as the famous plant reached another important milestone. News that SSI UK's Concast team had set an all time high, casting 192 ladles of molten metal without a sequence break last month, came shortly after the Blast Furnace broke the plant record for daily tonnage.
    
    The achievements were reached after the Redcar site crossed another major milestone as the nine millionth tonne of steel was made since the plant restarted production in April 2012.
    
    Mr Paul Burke, the Concast production manager, hailed a great achievement in all process areas of steelmaking which he said had been helped by increased reliability from the casting machines. He said "Credit should go to our engineering teams as well our casting teams on shift on how far we have come since the restart of steelmaking - we look forward to the next challenge.”
    
    Mr Liam Booth, the general manager for steelmaking, said: “This sequence has been fantastic, demonstrating the strength of the teams and shows what we are capable of when all of the plants are able to work in tandem. This has allowed us to consistently produce high tonnages for a long period and I’m confident with recent developments this is something we can continue to achieve on a regular basis.”
    
    Redcar Blast Furnace set a new daily record when it produced 10,160 tonnes on July 9. This beat its previous best of 9,833 tonnes achieved only six days earlier.
    
    Mr Jason Wildmore, general manager of ironmaking, said: “This is the best daily production in 23 years and demonstrates our capabilities despite some challenging circumstances; well done for the great efforts of the teams involved. The challenge now is to produce these sorts of tonnages on a regular basis.”
    
    Source : The Northern Echo
    
13. voda 4 augustus 2015 17:01

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    Turkey’s steel import volume up 34.4 percent in H1
    
    In June this year, Turkey's steel imports increased by 43.9 percent year on year to 1.66 million mt, according to the data released by the Turkish Iron and Steel Producers' Association (TCUD).
    
    In the given month, Turkey's billet imports totaled 163,000 mt, up 58 percent, while slab imports amounted to 361,000 mt, surging by 328.2 percent, both year on year. In June, flat steel imports totaled 699,000 mt, rising by 15.5 percent, while long steel imports amounted to 173,000 mt, up 32.4 percent, and pipe imports increased by 55.8 percent to 47,000 mt, all on year-on-year basis.
    
    During the January-June period, Turkey's steel imports increased by 34.4 percent year on year to 9.03 million mt. In the given period, Turkey's billet imports moved up by 62.5 percent to 1.14 million mt, while its slab imports rose by 114.7 percent to 1.44 million mt, both year on year. Also, in the first six months of this year, Turkey's flat steel imports increased by 25.5 percent to 4.13 million mt, its long steel imports moved up by 7.3 percent to 797,000 mt, and steel pipe imports totaled 228,000 mt, up 10.8 percent, all on year-on-year basis.
    
    Source : SteelOrbis
    
14. voda 4 augustus 2015 17:02

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    Severstal reports Q2 and H1 2015 financial results
    
    PAO Severstal recently announced its Q2 and H1 2015 financial results for the period ended 30 June 2015.
    
    Group revenue increased 18.0% q/q to $1,806 million (Q1 2015: $1,531 million) mostly due to RUB appreciation leading to higher average USD-denominated selling prices and a moderate seasonal rebound in sales volumes on domestic and export markets both in steel and mining divisions;
    
    Group EBITDA increased 0.9% q/q to $588 million (Q1 2015: $583 million). The impact of RUB appreciation on the Company’s cost base was fully mitigated by higher average USD-denominated selling prices and ongoing efficiency improvements. Group EBITDA margin was reduced to 32.6% in Q2 2015, but remains amongst the highest in the industry;
    
    Net profit of $469 million (Q1 2015: $337 million) was positively impacted by a FX translation profit of continuing operations of $130 million. Adjusting for this non-cash item, Severstal would have posted an underlying net profit of $339 million (Q1 2015: $368 million excluding FX translation losses);
    
    Excellent progress has been made in our strategic priority of enhancing free cash flow, which increased a substantial 105.3% q/q to $429 million (Q1 2015: $209 million). This improvement was partially driven by much better dynamics in working capital compared with Q1 2015 on the back of improved seasonal demand as well as the delayed receipt of cash from sales during the previous quarter;
    
    Cash outflow on capex of $111 million, 7.8% higher q/q (Q1 2015: $103 million), reflecting our prudent approach to investments;
    § Recommended dividend payment of 12.63 RUB per share for the three months ended 30 June 2015.
    
    H1 2015 vs. H1 2014 ANALYSIS:
    Group revenue decreased 20.1% y/y to $3,337 million (H1 2014: $4,178 million) as the impact of lower realized prices was only partially mitigated by moderate increases in sales volumes at Russian Steel and Resources;
    
    Group EBITDA increased 20.3% y/y to $1,171 million (H1 2014: $973 million), driven by Russian Steel’s operational enhancements, lower input costs and RUB devaluation y/y, more than offsetting lower deliveries at Resources;
    
    Continued strong free cash flow at $638 million (H1 2014: $589 million);
    
    Cash outflow on capex of $214 million, 51.5% lower y/y (H1 2014: $441 million).
    
    Mr Vadim Larin, CEO of JSC Severstal Management, commented “I am pleased to report that Severstal has delivered a sustained performance in an uncertain environment during the first half of 2015, despite more limited visibility in both domestic and export markets. Despite substantial fluctuations in the FX market and a subdued global steel and steel-related raw materials pricing environment, the Group has demonstrated that it continues to deliver an industry leading performance. The flexibility of our operations is an important competitive advantage enabling us to increase our export sales volumes to target full utilization whilst maintaining our focus on internal efficiency and profitability. We are confident that by the consistent execution of our stated strategy which focuses on efficiency, low-cost production, optimizing investment, and by prioritizing customer care and product quality, we remain positioned to deliver long term shareholder value and maximize shareholder returns.”
    
    Source : Strategic Research Institute
15. tmaster 4 augustus 2015 17:02

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    Ja tuurlijk dumpt nog meer staal op de al overvolle staal markt.. Alsof we een tekort hebben.
16. voda 4 augustus 2015 17:03

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    Tata Steel completes Long Products move in UK
    
    The Northern Echo reported that TATA Steel UK has finalised the completion of a new business as it looks to strengthen operations and continue supporting hundreds of North-East jobs. Tata Steel says its Long Products division is now a standalone wholly-owned subsidiary in its European operations.
    
    Long Products employs about 750 North-East workers and runs a special profiles plant in Skinningrove, east Cleveland, and the Teesside Beam Mill, near Redcar.
    
    The Northern Echo understands bosses hope the switch to Long Products Europe will help attract fresh funding from investors and support the buying of raw materials and selling of its products.
    
    Mr Bimlendra Jha will lead the business, with existing director Jon Bolton stepping down, in what some media reports have claimed is a precursor to impending job cuts at the company’s Scunthorpe plant.
    
    Source : The Northern Echo
    
17. voda 4 augustus 2015 17:05

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    Latin American steel imports from China grow 10%
    
    Alacero announced that according to the Chinese Customs Authority, during the first semester of 2015, Latin America received 4.4 million tons of finished steel from China at a value of US$ 2,568 million. This implies an average price per ton of US$ 583. During the same period, China shipped 47.5 million tons of finished steel to the rest of the world (ex-Latam) for US$ 26,794 million. This implies an average price per ton of US$ 562. During the first six months of 2015, the volume of finished steel arriving from China to the region increased by 10% vs Jan/Jun 2014 and recorded an average price per ton 4% higher than the rest of the world.
    
    Even so, many Latin American destinations faced import prices significantly lower than the rest of the world. Central America registered an average price per ton of US$ 465 (17% lower than the r-o-w average); Peru, US$504 (10% lower); Dominican Republic, US$ 474 (16% lower) and Colombia, US$ 523 (7% lower).
    
    Since the beginning of 2014 till now, shipments of finished Steel from China to Latin American have been growing continuously and above the world average. During the period, average export prices from China decreased similarly for both destinations (with a cumulative drop deeper than 30%). Specifically, in Apr/Jun 2015 (2nd quarter), average export prices from China to Latin America reached US$ 537 per ton, 21% lower than Apr/Jun 2014. The deepest price drops appeared in Venezuela (-62%), Argentina (-28%), Colombia (-26%) and Peru (-24%).
    
    During the first semester of 2015, flat products concentrated 59.8% of the finished Steel exports from China to Latin America reaching 2.6 million tons (1% less than Jan/Jun 2014). These products arrived at an average price 5% below the r-o-w average. Since 1Sem2014, the price of flat products imported from China decreased 9%, while in the rest of the world this drop reached 22%.
    
    Brazil and Chile –the two most important flat steel importers of the region- received 532 thousand and 473 thousand tons from China respectively, registering average prices 7% and 9% below the r-o-w. As compared to the 1Sem2014, average price of these imports fell 13% in Brazil and 10% in Chile. The lowest import prices for flat products appeared in the Dominican Republic (average price of US$ 487, 22% below r-o-w), Peru (US$ 529, 13% below) and Colombia (US$ 545, 13% below). Only Argentina and Venezuela received flat products from China at an average Price significantly higher than the rest of the world. However, volume received was insignificant.
    
    Between 1Q2013 and 2Q2015, the volume of flat products sent from China to Latin America grew 128%. Meanwhile, it expanded 87% to the rest of the world. Also, during this period, average price drop 22% for the shipments to Latin America and 29% for those sent to the r-o-w. In terms of volume received during 1Sem2015, the flat productsthat it is worth highlighting are: sheets and coils of other alloy steels (1 million tons) and hot galvanized steel (577 thousand tons). The shipments of these products increased 6% and 4% respectively vs 1Sem2014.
    
    Latin America received 1.6 million tons of long products from China (35.7% of the finished steel shipments) during 1Sem2015, at an average Price of US$ 502 per ton (16% higher than r-o-w). Central America, the largest importer of long steel of the region (421 thousand tons), received these products at an average price of US$ 386 per ton, 11% below r-o-w average.
    
    Rebar (713 thousand tons) and rod wire (605 thousand tons) stood out in terms of volume received, growing 90% and 1% vs Jan/Jun 2014, respectively.
    During the first six months of 2015, seamless pipes from China to the region (4.5% of the shipments) registered an average Price of US$ 1,062 per ton, 6% below the rest of the world.. Meanwhile, imported volume (200 thousand tons) decreased 28% vs Jan/Jun 2014.
    
    Source : Strategic Research Institute
18. voda 4 augustus 2015 17:07

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    Chinese steel trader keen on enlarging steel business in Philippines
    
    Manila Standard reported that a Chinese trader may set up steel milling operations in the Philippines as the volume of its exports to the Philippine construction sector has been expanding over the last few years. The Philippine Chamber of Commerce Inc. said China Rizhao Business in Shandong province, China, representing China Rizhao Steel Company Ltd., had been seeking information about the Philippines before a possible business operation in the Philippines.
    
    PCCI chairman emeritus Francis Chua said in an interview over the weekend “Right now, China Rizhao Business is trying to set up a satellite representative office here to manage its growing steel trade with Philippine companies. China Rizhao Business, more known internationally as Sunshine Co, represents the steel company in its distribution of products abroad. It is a government-owned and managed corporation based in Shandong.”
    
    Mr Chua quoted deputy director for China Rizhao Business Wu Naijun that Chinese companies were bullish about business prospects in the Philippines despite the political differences betweenChina and the Philippines. He said “In spite of the ongoing political problems, they China Rizhao Business] sent a representative here to process a company strategy to open a satellite office in Manila.”
    
    Rizhao steel Wire Co Ltd. is a large integrated iron and steel complex with a steel production of 14 million metric tons in 2014. It produces and exports hot rolled steel coil, plates, wire rod, rebar, H-beam, I-Beam and channels, welding pipes and cement. It exports to more than 30 countries and regions, including South Korea, South East Asia, South America, Europe and Middle East, for use in industries such as automobile, home appliances, petrochemical, machinery, energy, transportation and metalwork.
    
    China Rizhao Steel exported 1.5 million MT of steel products, mostly rebar, to the Philippines in 2014.
    
    Source : Manila Standard
    
19. voda 4 augustus 2015 17:08

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    China, Korea, Japan ship 75% of India’s steel Q1 imports
    
    Money Control reported that as per steel import data tabled by Steel and Mines Minister Mr Narendra Singh Tomar in Lok Sabha, China, Korea, Japan ship 75% of Indias steel Q1 imports. China, South Korea and Japan together shipped almost 75 percent of 2.57 million tonne finished steel imported by India in the April-June quarter of the current fiscal. China lead the tally with 0.723 million tonnes followed by South Korea 0.603 million tonnes, Japan 0.590 million tonnes, Ukraine 95,340 tonne and Germany 89,070 tonne.
    
    Indonesia with 83,300 tonne, Russia (56,720 tonne) and Taiwan (44,840 tonne) were the other major exporters of finished steel to India.
    
    According to the data, China, South Korea and Japan together exported 1.911 million tones of finished steel in the first quarter of 2015-16 out of the total imports of 2.57 millio tonnes, accounting for 74.5 percent of the total imports.
    
    Source : Money Control
    
20. voda 4 augustus 2015 17:12

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    Dalian iron ore continues its wild swings, rallies again
    
    Business Insider reported that the skittish price action in the spot iron ore price continued overnight. Fresh from tumbling on Friday, the spot price for 62% fines jumped USD 2.22, or 4.16%, to USD 55.63 a tonne according to Metal Bulletin.
    
    Not only did it completely reverse the 4% decline seen on Friday, it was also the third day in four that a move of 4% or more in either direction has occurred.
    
    Once strong, the relationship to Dalian iron ore futures has also weakened. The most-actively traded January 2016 contract closed Monday’s session modestly lower, indicating that the spot price was likely to follow suit overnight. Obviously that didn’t occur, quite the opposite.
    
    For what it’s worth Dalian iron ore futures fell closed the overnight session down 0.54%. On current form that points to a gain of over 4% this evening.
    
    Source : Business Insider
    
21. voda 4 augustus 2015 17:13

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    Vale sells iron ore asset for BRL 4 billion
    
    Brazilian miner and iron ore producer Vale announced last week it sold a 36.4 percent stake it had in Brasileiras Reunidas (MBR) for BRL 4 billion.
    
    According to the company, an investment fund owned by Brazilian private bank Bradesco will acquire the asset, which consists of mines and logistics services, which were responsible to produce 65 million mt of iron ore in 2014.
    
    In a statement, Vale said the deal reinforces the company’s “commitment to preserve its financial strength, especially in this moment as it completes the largest investment program in its history.”
    
    After the deal is completed, Vale will own a 61.9 percent stake of the MBR.
    
    Source : Steel Orbis