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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
Castolin Eutectic, through their Monitor Coatings business, have announced that they have developed a new Compact HVOF Gun, which is able to apply coatings to the inside of bloom, billet and round mould tubes. This development will revolutionise the durability and longevity of small moulds, in extending their performance life. Successful trials have already taken place in the Monitor Coating’s workshop, in North Shields, United Kingdom. The liquid fuel system and its applications are similar to, but has a more cost effective performance than, the other mould coatings currently supplied into the UK and Europe. Another advantage is that the Compact HVOF system is compliant with European Legislation such as the REACh Directive, providing continuity and a cost effective alternative to coatings that will soon become obsolete under the new regulations.
LKAB's board of directors has decided to appoint Jan Moström as the new President and CEO of LKAB. Jan Moström´s most recent role was Director of Mining Operations for Boliden as well as having extensive experience from senior positions in the mining industry. In connection with Jan Moström´s new appointment, current President and CEO Lars-Eric Aaro will be leaving his position at LKAB.
The METEC and 2nd European Steel Technology and Application Days (ESTAD) 2015 welcomes steel experts from all over the world from 15 to 19 June, 2015, to the CCD South at Messe Düsseldorf. The unique program offers more than 600 presentations on the following topics:
The final program is now online, click here.
LKAB has signed a contract with Austrian steelmaker voestalpine for delivery of pellets to a new natural-gas-based direct reduction plant in Texas, USA. The contract is for pellet deliveries, via Narvik, starting in the first quarter of 2016. LKAB is now taking the next step into the North American market via collaboration with voestalpine's new direct reduction plant near Corpus Christi, Texas, USA.
Tata Steel Group declared its Consolidated Financial Results for the full year (FY’15) and fourth quarter (Q4FY’15) ended March 31, 2015. The Company recorded deliveries of 26.32 million t for the year and 7.06 million t for the quarter. Turnover was Rs139,504 crores for the year and Rs33,666 crores for the quarter. The Company declared an equity dividend of Rs8 per share.
ArcelorMittal, the world’s leading steel and mining company, and the Steel Authority of India Limited (‘SAIL’), India’s leading steel company, today, signed a Memorandum of Understanding (‘MoU’) to set up an automotive steel manufacturing facility under a Joint Venture (‘JV’) arrangement in India.The MoU was signed in London on 22 May by Mr. Lakshmi Mittal, Chairman and CEO of ArcelorMittal, and Mr. C.S. Verma, Chairman of SAIL. Mr. Rakesh Singh, Secretary to the Government of India, Ministry of Steel and Mr. Aditya Mittal, ArcelorMittal CFO and CEO ArcelorMittal Europe, were also present. The MoU is the first step of a process to establish a JV between the two companies.
The purpose of their agreement is to establish a Global Steel Supply Chain Partnership as a framework for collaboration among the three associations. World economies are becoming increasingly interconnected and interdependent. The efficiency and effectiveness of the global steel supply chain are more vitally important than ever, especially in light of the changing demand situation, developments in emerging markets, the potential for border delays, unwarranted trade restrictions, and transportation and logistics costs and related issues. Recent analytic work by the Organization for Economic Cooperation and Development (OECD) finds that generally, between 30 % and 60 % of G 20 country exports are comprised of imported inputs, or are used as inputs by others.
World crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 135 million t (Mt) in April 2015, a -1.7% decrease compared to April 2014. China’s crude steel production for April 2015 was 68.9 Mt, a -0.7% decrease compared to April 2014. Japan produced 8.4 Mt of crude steel in April 2015, a decrease of -6.1% compared to April 2014. India produced 7.4 Mt of crude steel, an increase of 2.1% year on year. South Korea produced 5.8 Mt of crude steel, a decrease of -6.6% compared to April 2014.
The International Stainless Steel Forum (ISSF) has elected new office bearers during the organisation’s 19th Annual Conference (ISSF-19) which is being held in Hong Kong on 20 and 21 May. Mika Seitovirta, Chief Executive Officer of Outokumpu, has been elected as the new Chairman of the International Stainless Steel Forum to serve for a period of two years. Bernardo Velázquez, CEO of Acerinox Group, Tim Di Maulo, CEO of Aperam and Oh, In-Hwan, Head of POSCO’s Steel Division have been elected as Vice Chairmen. Clemens Iller of Schmolz+Bickenbach has been elected as the Treasurer. For more information click here.
The International Stainless Steel Forum (ISSF) had accepted the membership application of TsingShan Iron and Steel Group during the organisation’s 19th Annual Conference in Hong Kong on 20 and 21 May. Originally established in Wenzhou of China in year 1992 and currently headquartered in Shanghai, Tsingshan Iron and Steel Group now has six regional groups spreading in eastern and southern China and expanding its dramatic investments in Indonesia and Africa with total round 20,000 employees.
In an effort to generate more ideas for New Applications for the use of stainless steel, the Market Development Committee established the New Applications Awards. The awards are presented in two categories, “The Best New Technology Award” and “The Best New Development Award” to the winning entries submitted by either the ISSF members, or if they prefer, by their customers. The first Awards were presented at the ISSF-19 Annual Conference in May 2015 in Hong Kong.
The International Stainless Steel Forum announced that the winners of this year’s Sustainability Award is Aperam for reducing emissions to air, a project which lasted from 2005 to 2015. The Safety Award was given to Jindal Stainless for reducing carbon monoxide levels to eliminate the explosions in the dust plant.
To increase its focus on sustainability, global steel company SSAB is launching a new sustainability strategy. The strategy outlines the measurable environmental targets to be achieved by 2019, including a lasting reduction of 200 000 t in CO2 emissions, a lasting reduction of 300 GWh in purchased energy, and a lasting improvement in the utilization of residuals by 30 000 t, thereby reducing waste being sent to landfills. In the energy and resource-intense steel industry, SSAB’s focus on sustainability is critical to ensuring the company maintains its long-term competitive position.
The Commission’s investigation has confirmed that imports of grain-oriented electrical steel (GOES) from Russia, USA, Japan, Korea and PR China are sold at dumped prices and cause significant injury to the Union industry. The Commission has found dumping margins ranging from 22,8% to 60,1% for the foreign producers concerned. The provisional duties imposed by the Commission are significantly lower than the dumping margins, ranging from 21,6% to 35,9%. “These measures will neither lead to a restriction in the availability of GOES nor to inordinate price increases. Rather, the measures will simply restore free trade in the EU market at non-injurious prices”, explains Eurofer Director General Axel Eggert.
The outlook for new steel orders in China over May weakened from April despite expectations of higher prices for flat steel products, according to the latest Platts China Steel Sentiment Index (Platts CSSI), which showed a headline reading of 68.2 out of a possible 100 points in May.