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Editorial calendar steel market europe 3.2014
Extract of steel market europe 3.2014
New title, new look in 2014: We are changing the magazine's title to »steel market europe« - more information here
steel market Europe 03.2014
steel market Europe 02.2014
steel market Europe 01.2014
This year’s winner of the international Swedish Steel Prize is Belaz from Belarus. The prize was awarded for the company’s innovative and new construction for axle suspension and slewing bearings for the world’s largest dump truck. The new construction takes full advantage of the properties of high-strength steel. “Belaz has boldly gone beyond the boundaries of what has earlier been considered possible using available technology,” says Gregoire Parenty, Chairman of the jury and Executive Vice President and Head of Market Development SSAB.
World crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 137 million t (Mt) in October 2014, the same compared to October 2013. China’s crude steel production for October 2014 was 67.5 Mt, a slight decrease of -0.3% compared to October 2013. Elsewhere in Asia, Japan produced 9.4 Mt of crude steel in October 2014, a decrease of -0.5% compared to October 2013. South Korea produced 6.2 Mt of crude steel in October 2014, up by 4.5% on October 2013.
European stainless steel demand will continue its upward trend in 2015, supported by improvement in major end markets and restocking, says Moody's Investors Service. The report, "Sheen Returning To European Stainless Steel Sector", is now available on http://www.moodys.com/ . "We expect that the main stainless steel end markets will maintain their modest growth, owing to continued economic growth - even if slow - in most of the euro area and rising consumer confidence," says Hubert Allemani, a Moody's Vice President - Senior Analyst.
The Timken Company announced it has reached agreement with Eriks NV to acquire the assets of Revolvo Ltd., a specialty bearing company based in Dudley, U.K. Revolvo makes and markets ball and roller bearings for industrial applications in process and heavy industries. The company's split roller bearing housed units are widely used by mining, power generation, food and beverage, pulp and paper, metals, cement, marine and waste-water end users. In 2013, Revolvo posted sales of approximately $8.3 million.
The winner of the Swedish Steel Prize University Challenge 2014 is a lighter, safer chassis solution for an agricultural trailer. With the winning solution chassis weight could be reduced by over 20 % – from 522 kg to 410 kg, and the chassis was safer. The two trailer prototypes that were built for the end customer have shown good performance and received positive reviews
The Timken Company's board of directors has elected Maria A. Crowe a director of the company for a term that expires at its May 2015 annual meeting. The election brings The Timken Company board to 11 directors. Crowe currently serves as president of manufacturing operations for Eli Lilly and Company, a $23 billion global healthcare leader based in Indianapolis. Lilly, a leading innovation-driven corporation, applies the latest research from its own worldwide laboratories and from collaborations with eminent scientific organizations to develop its growing portfolio of pharmaceutical products. Lilly provides answers ― through medicines and information ― for some of the world's most urgent medical needs.
For developing a highly durable mining screener for iron ore in high strength steel, the Brazilian company Vale is a finalist for the 2014 Swedish Steel Prize. The Swedish Steel Prize is awarded annually by SSAB to recognize the most innovative design utilizing high-strength steel. Vale, from Brazil, is one of four finalists for this year’s prize, which will be awarded during a ceremony on November 20 in Stockholm, Sweden.
For having used high-strength steel in developing his durable and high performance TP-Roller for forest harvesting machines, Timo Penttimies is a finalist for the 2014 Swedish Steel Prize. The Swedish Steel Prize is awarded annually by SSAB to recognize the most innovative design utilizing high-strength steel. Timo Penttimies, from Finland, is one of four finalists for this year’s prize, which will be awarded during a ceremony on November 20 in Stockholm, Sweden.
For developing a lightweight and more efficient trailer made from high-strength steel, Santander Equipos is a finalist for the 2014 Swedish Steel Prize. The Swedish Steel Prize is awarded annually by SSAB to recognize the most innovative design utilizing high-strength steel. Santander Equipos, from Chile, is one of four finalists for this year’s prize, which will be awarded during a November 20 ceremony in Stockholm, Sweden.
For successfully developing the world’s largest dump truck, with a steerable axle and body components made from high strength steel, Belaz is a finalist for the 2014 Swedish Steel Prize. The Swedish Steel Prize is awarded annually by SSAB to recognize the most innovative design utilizing high-strength steel. Belaz, from Belarus, is one of four finalists for this year’s prize, which will be awarded during a ceremony on November 20 in Stockholm, Sweden.
Aperam announces that Frederico Ayres Lima is appointed Chief Operating Officer Stainless & Electrical Steel South America with effective date 1 December 2014, following the resignation of Clenio Guimarães who is pursuing other opportunities.
Chinese steel market participants expect steel demand to weaken further this year, with the outlook for new export orders dropping dramatically, according to the latest Platts China Steel Sentiment Index (Platts CSSI), which showed a headline reading of 25.61 out of a possible 100 points in November. The index has fallen to its lowest level since the CSSI began in May 2013, dropping 12.47 points from 38.09 in October. The CSSI reflects expectations of market participants for the month ahead. Similar to a purchasing managers' index, a CSSI reading above 50 indicates an increase/expansion and a reading below 50 indicates a decrease/contraction.
Tata Steel has completed a major upgrade of the Hot Strip Mill at its Port Talbot steelworks in South Wales, enabling it to further improve the quality of its steel products used in a wide range of markets, including automotive, engineering, construction and domestic appliances. The upgrade was focused on the installation of a new £25 million 'reversing rougher' - a key part of the process which transforms a 9-inch (23cm) thick slab of steel into sheet less than an inch (2.5cm) thick. The reversing rougher is believed to be the most powerful in Europe, with two new 12.5 MW motors, each equivalent to 17,000hp or the power of about 150 cars.
Axel Eggert is nominated Director General of Eurofer on November 1, 2014. From 2007 to September 2014 Eggert was EUrofer's Director for Public Affairs and Communication and since 1st of October he is acting Director General. Robrecht Himpe, President of Eurofer: "We are very pleased to nominate Axel for this important role. He has already shown a strong track in the EU steel federation. His engagement will be crucial for advocating the vital role that the EU steel industry plays in many strategic supply chains and in providing prosperity and opportunity for millions of people across Europe. Key to maintaining and growing this contribution will be achieving a robust, competitive policy framework in areas such as energy, climate and trade."
The World Steel Association (worldsteel) has published the 2014 Steel Statistical Yearbook. worldsteel’s Steel Statistical Yearbook presents a cross-section of steel industry statistics. It contains comprehensive statistics from 2004 to 2013 on crude steel production by country and process, steel production by product, steel trade by product, apparent steel use, and production of pig iron and directly reduced iron. It also includes data on production and trade of iron ore, and trade of scrap from 2004 to 2013. The statistics were collected from members of worldsteel and various international organisations. A PDF copy of the yearbook can be downloaded for free from worldsteel’s website.