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stahlmarkt crossmedia

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European Edition

Short history of an ambitious project

In 2009 the journal stahlmarkt started plans for an English language European edition. In 2010 the all-new journal stahlmarkt EUROPEAN EDITION was introduced initially as a quarterly journal (2010). Later on, the new journal published three issues per year. In 2014 the journal was re-named steel market Europe. Due to the ongoing steel crisis in Europe the journal has ceased publication end of 2014.

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News

12/2/2016 - Nucor Corporation

Addition of Patrick Dempsey to the Nucor Board of Directors

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Nucor Corporation announced that its board of directors has elected Patrick J. Dempsey as a director effective immediately. Mr. Dempsey, 52, is President and Chief Executive Officer of Barnes Group Inc., an international industrial and aerospace manufacturer and services provider. 

Source: Nucor Corporation, Charlotte, N.C.
Made in Steel
11/30/2016 - Tata Steel UK

Letter of Intent signed for potential sale of Speciality Steels business

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Tata Steel UK announced the signing of a Letter of Intent with Liberty House Group to enter into exclusive negotiations for the potential sale of its Speciality Steels business for an enterprise value of £100 million subject to due diligence and corporate approvals. The Letter of Intent covers several South Yorkshire-based assets including the Rotherham electric arc steelworks, the steel purifying facility in Stocksbridge and a mill in Brinsworth as well as service centres in Bolton and Wednesbury, UK, and in Suzhou and Xi'an, China. Speciality Steels employs about 1,700 people making steels for the aerospace, automotive and the oil & gas industries.

Source: Tata Steel, London
Hot dip galvanizing line during production. From left: Tommaso Settimo, VP of Danieli Wean United; Mr. Tuncer Cakici Project Leader, Atakaş; Sandro Adragna, Project Leader, Danieli Wean United. Photo. Danieli
Hot dip galvanizing line during production. From left: Tommaso Settimo, VP of Danieli Wean United; Mr. Tuncer Cakici Project Leader, Atakaş; Sandro Adragna, Project Leader, Danieli Wean United. Photo. Danieli
11/24/2016 - A very fast plant startup with quality cold rolled and coated strip right from the very beginning

1.2-Mtpy Atakaş cold mill complex near completion

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The new Atakaş cold-rolling complex located in Iskenderun, Turkey, which consists of a continuous pickling line, two single-stand 6-high reversing mills, a vertical hot dip galvanizing line and a colour coating line, is ramping up production with tangible results in quality and reliability. Just 40 days after the processing of the first coil through the continuous pickling line, Danieli and Atakaş started-up cold rolling mill #1; one day later, the same coil was processed at the hot dip galvanizing line.

Source: Danieli, Buttrio
11/24/2016 - Oxelösund

SSAB invests in carbon-dioxide-free internal transport

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SSAB in Oxelösund, TFK Transport Research Institute and Kalmar, a part of Cargotec, are to initiate a unique multimillion-SEK project to develop and test carbon-dioxide-free internal transport powered by hydrogen and fuel cells. “This is a very good project for SSAB in Oxelösund, where we can now really study the possibilities to reduce our fossil dependence. In addition to completely changing the fuel, we also get a better machine,” says Jacob Sandberg, site manager at SSAB in Oxelösund. SSAB has significant internal transport activities which consist of forklift trucks and other vehicles, which currently predominantly run on fossil fuels. A total of some 50 different vehicles are in use in internal transport in Oxelösund.

Source: SSAB, Stockholm
11/23/2016 - worldsteel

2016 Steel Statistical Yearbook now available online

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The World Steel Association (worldsteel) has published its 2016 Steel Statistical Yearbook. It presents a cross-section of steel industry statistics. It contains comprehensive statistics from 2006 to 2015 on crude steel production by country and process, steel production by product, steel trade by product, apparent steel use and apparent steel use per capita by country, as well as production and trade of pig iron and directly reduced iron. It also includes data on production and trade of iron ore and trade of scrap. The statistics were collected from members of worldsteel and various international organisations. A PDF copy of the yearbook and all previous editions can be downloaded for free from worldsteel.org.

Source: worldsteel, Brussels
11/23/2016 - ArcelorMittal and STX France

Contract for the supply of steel for two new ships

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ArcelorMittal confirms that it has signed a contract for the supply of steel for two new cruise ships to be built by STX France at its shipyards in Saint-Nazaire (France). ArcelorMittal is thus again designated the preferred steel supplier for these projects, as it already had been for four ships built by STX France, including Harmony of the Seas, which was delivered in spring 2016.

Source: ArcelorMittal, Luxembourg
11/22/2016 - worldsteel

October 2016 crude steel production increases 3.3 %

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World crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 136.5 million t (Mt) in October 2016, 3.3% up on October 2015. China’s crude steel production for October 2016 was 68.5 Mt, an increase of 4.0% compared to October 2015. Elsewhere in Asia, Japan produced 9.0 Mt of crude steel in October 2016, an increase of 0.6% compared to October 2015. India’s crude steel production was 8.3 Mt in October 2016, up by 12.3% on October 2015.

Source: worldsteel, Brussels
11/22/2016 - Finland and Germany

Outotec starts employee cooperation negotiations to streamline certain units

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Outotec continues to adjust its operations due to prolonged weak market situation for the metals refining solutions. The company is analyzing the resourcing needs and restructuring opportunities in its Metals, Energy & Water business unit globally and will start employee cooperation negotiations about the restructuring and possible reduction of workforce in certain units in Finland and Germany.

Source: Outotec, Espoo
Contract signing, with Mr. Huang Bing Hua (left) of Tung Ho Steel Vietnam and Mr. Francesco Casarsa (right), Vice President Danieli Environment & Systems. Photo: Danieli
Contract signing, with Mr. Huang Bing Hua (left) of Tung Ho Steel Vietnam and Mr. Francesco Casarsa (right), Vice President Danieli Environment & Systems. Photo: Danieli
11/21/2016 - The new WTP will complete the Fuco high-speed rolling mill project, which is under execution

Tung Ho Steel orders water treatment plant from Danieli

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Following the order for a new Danieli 0.6 Mtpy high-speed rolling mill for long products to be installed in the Phu My industrial zone, Tung Ho Steel has contracted Danieli to supply of a new water treatment plant to complete the rolling mill project. The WTP plant is designed to include closed circuits for the rolling mill equipment, the induction furnace and auxiliary users, and open circuits for the rolling mill, the reheating furnace, fast finishing block and water boxes users.

Source: Danieli, Buttrio
11/18/2016 - ArcelorMittal, Evonik, LafargeHolcim and Solvay

Investigation of trans-sector technological potential to reduce carbon emissions

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ArcelorMittal, Evonik, LafargeHolcim and Solvay announce the formation of a new Low Carbon Technology Partnerships Initiative across the steel, cement and chemicals industries. This new partnership will look at the potential synergies that exist between the manufacturing processes of these three energy intensive sectors, and how these synergies could be harnessed to reducing CO2 emissions.

Source: ArcelorMittal, Luxembourg
Thomas Hörnfeldt, SSAB’s Vice President Sustainability and Public Affairs. Photo: SSAB
Thomas Hörnfeldt, SSAB’s Vice President Sustainability and Public Affairs. Photo: SSAB
11/10/2016

SSAB EcoUpgraded for significant CO2 savings

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A global sustainability initiative from SSAB is helping customers reap the environmental rewards of using high-strength steel. SSAB EcoUpgraded is highlighting the benefits of upgrading to high- strength steel, which include reduced weight, improved fuel economy and extended product lifetime. During its use phase, an SSAB EcoUpgraded product will generate CO2 savings (carbon dioxide) that exceed the CO2 emitted during production of the upgraded part, thereby showcasing the environmental benefits of high-strength steel.

Source: SSAB
11/9/2016 - ArcelorMittal Europe

€371m operating profit for Q3 2016

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ArcelorMittal Europe has reported its third quarter 2016 results, with a €371m operating profit for the three months to 30 September 2016 – higher than the €340m operating profit reported in the second quarter of 2016. Year-on-year, operating profit has risen significantly, albeit from a very low base; ArcelorMittal Europe reported an operating loss of €23m in the third quarter of 2015, when European steel prices were under strong downward pressure from record levels of imports.

Source: ArcelorMittal, Luxembourg
11/9/2016 - Steel shipments decline

ArcelorMittal reports third quarter 2016 results

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ArcelorMittal announced results for the three and nine month periods ended September 30, 2016. Highlights: Health and safety: LTIF rate of 0.84x in 3Q 2016 as compared to 0.79x in 2Q 2016 and 0.78x in 3Q 2015. Operating income of $1.2 billion in 3Q 2016 lower as compared to $1.9 billion in 2Q 2016 (which included one-time $0.8 billion gain from employee benefits at ArcelorMittal USA). Ebitda of $1.9 billion in 3Q 2016, 7.1% higher as compared to $1.8 billion in 2Q 2016; 40.4% higher YoY. Net income of $0.7 billion in 3Q 2016 as compared to net income of $1.1 billion in 2Q 2016 (which included one-time $0.8 billion gain from employee benefits at ArcelorMittal USA) and net loss of $0.7 billion in 3Q 2015. Steel shipments of 20.3Mt in 3Q 2016, a seasonal decline of 8.1% as compared to 2Q 2016; steel shipments of 63.9Mt in 9M 2016, down 1.5% YoY. Net debt decreased to $12.2 billion as of September 30, 2016, as compared to $12.7 billion at June 30, 2016; net debt lower by $4.6 billion as compared to $16.8 billion as of September 30, 2015.

Source: ArcelorMittal, Luxembourg
Pickled coils. Photo: SSAB
Pickled coils. Photo: SSAB
11/2/2016 - Increased automotive growth and production stability, reduced energy consumption

SSAB invests in its Nordic operations

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SSAB will invest more than SEK 500 million in its Nordic operations to support the automotive growth strategy, increased production stability and reduced energy consumption. The investments will be made in operations at the Hämeenlinna and Luleå sites and the projects will start in late 2016.

SSAB will invest SEK 370 million to modernize the first section of the pickling line at the Hämmeenlinna Works in Finland. The investment is being made to support SSAB’s automotive growth strategy and secure the stable and long-term production of coated strip products. All steel strip at Hämeenlinna is pickled by passing it through hydrochloric acid baths before cold rolling and subsequent metal coating. The metal-coated strip products are sold directly to Automotive and Construction customers.

Source: SSAB, Helsinki, Finland
11/2/2016

Nucor completes acquisition of Independence Tube Corporation

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Nucor Corporation announced that it has closed on its acquisition of Independence Tube Corporation for approximately $435 million.

Independence Tube is a leading manufacturer of hollow structural section (HSS) steel tubing, which is used in a broad array of structural and mechanical applications including nonresidential construction, infrastructure, and agricultural and construction equipment end-use markets. Independence Tube has the second highest market share in HSS, selling its products primarily through service centers, which are also an important channel to market for Nucor products.

Doug Jellison will serve as President of Nucor Tubular Products. Jellison previously served as Vice President of Corporate Strategic Planning for Nucor.

Source: Nucor Corporation