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steel market Europe


8/21/2014 - worldsteel

July 2014 crude steel production increases

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World crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 137 million t (Mt) in July 2014, an increase of 1.7% compared to July 2013. China’s crude steel production for July 2014 was 68.3 Mt, up by 1.5% compared to July 2013. Elsewhere in Asia, Japan produced 9.3 Mt of crude steel in July 2014, the same level of production as in July 2013. South Korea produced 5.9 Mt of crude steel in July 2014, up by 6.2% on July 2013.

Source: worldsteel, Brussels
Economics, environmental and social benefits of steel housing. Source: worldsteel
Economics, environmental and social benefits of steel housing. Source: worldsteel
8/20/2014 - Affordable social housing

Steel solutions in the green economy

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The World Steel Association (worldsteel) has published the third booklet in the Steel Solutions in the Green Economy series titled Affordable social housing. This booklet illustrates the economic, environmental and social benefits of steel modular houses. Steel is lightweight compared to many other building materials used for the same purpose and thus requires less material and less transportation. This lowers overall building costs. Steel’s long lifespan and flexibility to create adaptable spaces also provides a cost advantage. As steel building components can be cut to precise specifications or prefabricated off-site, on-site waste is minimised and any steel scrap generated can be 100% recycled. Steel structures also help improve energy efficiency and thermal comfort. Lastly, the houses offer a quality and affordable solution to deprived families in need of shelter. A basic house can be erected in days and the houses’ resistance to earthquakes and high winds make them safer to live in.

Source: worldsteel, Brussels
8/19/2014 - voestalpine: Construction of Texas facility is on schedule to be operational by 1stQ16

First Components for Texas project arrive at Port Corpus Christi

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The first structural shipment for the construction of the voestalpine, Texas facility was scheduled to arrive at cargo dock 9 on board the MV BBC Zarate on Monday, August 18, 2014. The shipment consists of 2 200 t of structural steel for the reformer building and for the furnace tower; made up of welded steel columns, frames, beams and bracings. The total weight of the project cargo is estimated at 10 000 t.

Source: Port of Corpus Christi, Corpus Christi, TX, United States
8/12/2014 - Four separate North Sea projects

Tata Steel signs contracts to supply pipes to Subsea 7

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Tata Steel has signed a series of contracts with Subsea 7 - one of the world's leading contractors in engineering, construction and subsea services to the offshore industry - to supply undersea pipes to four separate North Sea projects. The four contracts, signed over the past year and worth an estimated £10 million in total, will see Tata Steel supply in excess of 55km of pipe weighing more than 9 000 t. To mark the strengthening relations between the two companies, Tata Steel and Subsea 7 have also signed a global framework agreement. This agreement cements and formalises the companies' long-standing partnership, which first began 25 years ago.

Source: Tata Steel, London
8/12/2014 - Nippon Steel & Sumitomo Metal Corporation and PT Krakatau Steel

Execution of a definitive agreement on a Joint Venture

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Nippon Steel & Sumitomo Metal Corporation (NSSMC) and PT Krakatau Steel Tbk (PTKS) executed on August 11, 2014 a definitive agreement concerning their joint venture, PT Krakatau Nippon Steel Sumikin (KNSS). KNSS was established in the Republic of Indonesia in December 2012 for the manufacture and sale of automotive flat steel products, and NSSMC and PTKS had been discussing the detailed terms and conditions of their joint venture since then.

Source: Nippon Steel & Sumitomo Metal Corporation, Tokyo

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Im Juli wurden in Deutschland 3,45 Millionen Tonnen Rohstahl erzeugt. Damit wurde zwar der schwache Vorjahresmonat um 1,5 Prozent übertroffen, die Erzeugung fiel aber – auch unter Berücksichtigung von saisonalen Faktoren – im langfristigen Vergleich unterdurchschnittlich aus. Hierzu haben auch Sondereinflüsse wie Lagerbewegungen auf Werksebene beigetragen.

8/11/2014 - ArcelorMittal

ArcelorMittal statement on operations in Liberia

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ArcelorMittal is currently mining and shipping 5 million t of iron ore a year in Liberia from its operations in Yekepa and Buchanan (described as phase 1). The company is also working on an expansion project (described as phase 2) that will see shipments rise to 15 million t of iron ore with first production planned by the end of 2015. Due to the evolving situation of the current Ebola virus outbreak in West Africa, contractors working on the phase 2 expansion project have declared force majeure and are moving people out of the country. ArcelorMittal is currently assessing the potential impact on the project schedule.

Source: ArcelorMittal, Luxembourg
The specially designed site for Tata Steel’s UK sections distribution activities was established in 2012. Photo: Tata Steel
The specially designed site for Tata Steel’s UK sections distribution activities was established in 2012. Photo: Tata Steel
8/8/2014 - Completion of a second phase of development

Tata Steel ramps up Teesside Service Centre after further development

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Teesside Service Centre, next to the company’s Teesside Beam Mill, is the only steel sections processing facility in the UK backed up by an adjacent production capability. Following installation of the last of the new processing equipment due on site, the new facility is looking to surpass its nominal 170 000 t per year capacity in order to support increasing customer demand. The centre’s extensive product range of sections, including structural hollow sections, serves a wide variety of construction and infrastructure projects from new schools, hospitals, sports complexes and large-scale distribution depots, to the iconic buildings that have transformed London’s skyline in recent years.

Source: Tata Steel Europe, London
8/6/2014 - ArcelorMittal

Publication of Half-Year Report 2014 and Recast of 2013 Annual Report

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ArcelorMittal has published its Half-Year Report for the six month period ended 30 June, 2014. As a result of the announcement on 11 December 2013 of changes to its organisational structure, ArcelorMittal has modified the structure of its segment information. The HY Report contains recast financial information for the year ended 31 December 2013 to reflect the retrospective application of the new segment information. This recast 2013 financial information updates without replacing the 2013 Annual Report published on 25 February 2014 which is still available on the electronic database of the Luxembourg Stock Exchange and on under "Investors > Financial reports > Annual reports". In addition, ArcelorMittal has filed with the U.S. Securities and Exchange Commission on Form 6-K a recast of its 2013 annual report on Form 20-F to reflect the retrospective application of the same new segment information.

Source: ArcelorMittal, Luxembourg
8/6/2014 - Platts China Steel Sentiment Index

Index suggests new steel orders flat in August

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The health of China’s steel sector is not expected to greatly improve in August, with the industry largely anticipating that new steel orders will stay flat over the next month, according to the latest Platts China Steel Sentiment Index (Platts CSSI), which showed a reading of 46.97 out of a possible 100 points. The August reading is up 1.07 points from 45.90 in July, and is the second consecutive month the index has remained below 50.0.

Source: Platts, Beijing
8/5/2014 - Blast Furnace Ironmaking

Market breakthrough for Tuyere Phenomena Detection System

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Within the past three years, Paul Wurth has developed a new monitoring technology for the tuyeres and raceway area of blast furnaces. An integrated system employing digital cameras provides continuous visualisation of all tuyeres on any computer connected to the network. Machine vision methods (extraction of process relevant information out of pictures) are applied for automatic phenomena detection, which is backed-up by an integrated mathematic blast furnace model for the raceway zone.

Source: Paul Wurth S.A., Luxembourg
8/5/2014 - Duplex stainless steel

Outokumpu LDX 2101 extends the water heater life for PVI Industries

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PVI Industries LLC, an American water heaters manufacturer has chosen Outokumpu’s proprietary lean duplex grade LDX 2101 to replace carbon steel in its water heaters. Using lean duplex has significantly reduced PVI Industries’ waste stream and increased the useful life of its water heaters. PVI Industries produces water heaters for large commercial end-users like hotels, restaurants, schools, universities and hospitals. Water heaters can be as large as 11 m by 2 m, and contain as much as 17 000 l of water.

Source: Outokumpu Oyj, Helsinki
8/5/2014 - Nucor Corporation

Executive Vice President Keith Grass to retire

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Nucor Corporation announced that Keith Grass, Nucor's Executive Vice President of Raw Materials and Chief Executive Officer of The David J. Joseph Company (DJJ), plans to retire effective September 12, 2014. Mr. Grass joined DJJ in 1978. He began his career as a brokerage representative and then as district manager of several DJJ trading offices. He was appointed Vice President of Trading in 1992. From 1996 to 1998, Mr. Grass served as President of DJJ's International Division. He headed the Metals Recycling Division during 1999 and served as President of DJJ from 2000 until December 2012. Mr. Grass has served as CEO of DJJ since 2000 and was appointed Executive Vice President of Nucor Corporation when DJJ became part of Nucor in 2008.

Source: Nucor Corporation, Charlotte, N.C.
8/4/2014 - Latin America

Steel imports from China grow 65 % during the first semester of the year

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During the 1st semester of 2014, China exported 4 million tonnes of finished steel to the region, 65 % more than the 2.4 million tonnes registered during the same period of 2013. During the semester, Latin America was the second destination of Chinese exports, only surpassed by South Korea. Chinese finished steel exports to the world reached 36.9 million tonnes in Jan/June 2014, 39 % more y-o-y. The flow of Chinese steel to the world continues to grow steadily, a trend that gets even more marked for the case of Latin America.

Source: alacero, Santiago
8/4/2014 - Commission proposals for 2030 climate targets miss provisions to safeguard globally competing European companies

EU climate policy may cost the steel industry 100 billion Euros

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“The European steel industry is ready to support ambitious greenhouse gas reduction targets so that the EU can adequately contribute to global efforts in the fight against climate change. However, we are surprised that while the Commission has already proposed a unilateral 40% EU climate target for 2030 and a Market Stability Reserve to drive up costs to at least 40 Euros per tonne of CO2, it has so far not engaged in a focussed discussion about the level of safeguard measures needed for Europe’s globally competing foundation industries. Without such measures, the European steel industry alone may have additional costs of up to 100 billion Euros in the period from 2020 to 2030. None of our competitors outside the EU has to bear such costs,” says Gordon Moffat, director general of Eurofer.

Source: Eurofer, Brussels