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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
The Materials Research Society (MRS) announces a new appointment to its Board of Directors, effective January 1, 2015. David J. Parrillo, Global Research and Development Director, Packaging and Specialty Plastics for The Dow Chemical Company, has accepted a one-year appointment to the MRS Board of Directors and will serve on the MRS Finance Committee. Parrillo has 20 years of experience in chemical engineering, application development, and technology commercialization. Before he joined Dow in 2007, he held positions at General Electric and Air Products and Chemicals.
“An increase in wholesale power prices of up to 40% on average cannot be the EU’s priority – it is in harsh contradiction with the EU’s objectives for competitiveness, growth, jobs and better regulation and detrimental to the moderate recovery of the European steel industry”, says Eurofer Director General Axel Eggert with regard to current discussions in the European Parliament on the Commission proposal for a Market Stability Reserve (MSR).
As communicated earlier Outokumpu’s stainless steel mill in Calvert, Alabama, USA has experienced technical issues in all of its three cold rolling lines during the past six months. This has had a negative impact on customer deliveries and increased costs. Following the damage calculations and discussions with the insurance company, the cost impact of the incident is estimated at € 34 million in 2014 which will be partly covered by insurance still this year. Beyond 2014, the discussions with the insurer are ongoing.
ArcelorMittal has signed a new contract with the Saint-Nazaire shipyard to supply a minimum of 116 000 t of steel for the hulls and decks of three giant cruise ships to be built by STX France, following an initial contract signed with STX France in 2013 relating to the construction of the world’s largest cruise ship, in the "Oasis" class and destined for the Royal Caribbean Cruise Line (RCCL). A new Oasis-class ship will be delivered to RCCL and two other ships to MSC Cruises, which has just embarked on a €5 billion investment programme in order to retain its ranking among the world's four major cruise lines.
The CME Group is utilizing The Steel Index (TSI)’s daily iron ore price index published by Platts, a global provider of energy, petrochemicals, metals and agriculture information, as the settlement basis for its new iron ore futures contract launching December 8. “Platts and TSI operate rigorous and time-tested price discovery processes in the physical metals markets,” said Steven Randall, TSI managing director. “We’re pleased that exchanges, such as CME, recognize the benchmark value of our price indices. The new futures contract responds to the growing appetite to manage lower grade iron ore price risk in the physical markets, which continue to evolve from long-term contracts to short-term trading.”
In September 2014, More srl jointly with Danieli & C. SpA successfully installed the innovative Lindarc real time laser EAF off-gas analysis system at Acciaierie Bertoli Safau - ABS (Udine, Italy). ABS produces one of the widest ranges of engineering special steels in Europe, in terms of both quality and dimension. The plant is equipped with two melting lines. The first is composed of a 100t AC electric furnace whereas the second one features a 100t DC electric furnace. Depending on the different cycles, the production is completed with the refining process outside the Melting Furnace and with vacuum degassing, in order to guarantee particularly low hydrogen content.
The outlook for China’s steel market has improved slightly, with expectations of new orders rising and steel output tipped to stay at November levels, according to the latest Platts China Steel Sentiment Index (Platts CSSI), which shows a headline reading of 37.39 out of a possible 100 points in December. Although the December index is up 11.77 points from 25.61 in November, it marks the sixth consecutive month the headline index was below 50 points. 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.
Steel supplied on the EU market by European steel producers complies with the European regulations and standards. “Steel made in Europe means reliability in trade, stability of properties during processing and safety in the use of the material”, Eurofer Director Axel Eggert says. This is not guaranteed in the case of Chinese steel imported in the EU, notably imports of wire rod, rebar and bar, as well as hot-rolled coil and heavy plate.
The International Stainless Steel Forum (ISSF) has launched a new publication on Stainless Steel in Agricultural Applications. From a simple feeding pail to the most advanced fully robotised milking equipment, stainless steel is found on farms in numerous applications, where it is an alternative to plastics, light metal and above all galvanised steel. This new brochure from ISSF explains why stainless steel in used in agricultural applications and highlights applications in fences, gates and partitions, feeding, watering, electrical and mechanical equipment, skin care, dairy farming, ancillary equipment and storage tanks for slurry and waste water. The brochure can be downloaded for free from the worldstainless website.
“Intelligent public investments will strengthen Europe´s competiveness and stimulate growth. From this perspective, we welcome the Commission’s 315 billion Euros investment plan”, says Axel Eggert, Director General of Eurofer. As a consequence of the economic and financial crisis, the level of investment in the EU has dropped significantly in the past seven years, by about 15 %, due to calculations from the European Commission. Economic recovery, job creation, long-term growth and competitiveness have been hampered as a result.
WR-Steel by Ovako, a classification of steels with proven superior wear resistance, which combined with Ovako’s broad product programme offers customers a range of design advantages and heat treatment possibilities. WR-Steel from Ovako is offered as hot-rolled round or flat bar, special profiles and tubes, or as grinding media. Its advantages cover a comprehensive range of hardness levels and hardness intervals (350 – 650 HV), dimensions and steels grades. Boron steel is a large part of the WR-Steel offering, but it also includes grinding media and other mining solutions offering superior hardness and consistent composition for optimised performance in demanding applications.
The World Steel Association (worldsteel) has announced the launch of a video campaign highlighting the global contribution of the steel industry. The video brings to life the environmental benefits of steel, the extensive use of the material in our daily lives, the modern transformation of the industry, and the diverse job opportunities available.
ArcelorMittal will invest €15m to expand the production capacity of its plant at Bourg-en-Bresse and support the development of its customer Technip, a world leader in project management, engineering and construction for the energy industry. The initial partnership agreement signed in 2013 has been extended in duration and volume. The plant will also strengthen its team with the recruitment of around 20 people. In 2015, the Bourg-en-Bresse plant will be equipped with a new heat treatment furnace and a new rolling mill.
The Materials Research Society (MRS) congratulates Mildred Dresselhaus of the Massachusetts Institute of Technology on today's award of the Presidential Medal of Freedom, the highest civilian honor bestowed by the United States. Dresselhaus was among 19 winners honored by President Barack Obama. The list also includes the late dancer Alvin Ailey, news anchor Tom Brokaw, actress Meryl Streep, musician Stevie Wonder and economist Robert Solow.
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.