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Media-Kit 2014

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Editorial calendar steel market europe 1.2014

 

Extract of steel market europe 2.2014

 

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steel market Europe

News

World crude steel production was 137 million t (Mt) in June 2014. Graph: worldsteel
World crude steel production was 137 million t (Mt) in June 2014. Graph: worldsteel
7/23/2014 - worldsteel

June 2014 crude steel production shows an increase of 3,1 %

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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 June 2014, an increase of 3.1% compared to June 2013. World crude steel production in the first six months of 2014 was 821.3 Mt, an increase of 2.5% compared to the same period of 2013. The EU 28 showed an increase of 3.8% while Asia and North America reported growth of 2.9% and 1.7% respectively in the first half of 2014. South America and C.I.S. produced -1.0% and -2.6% less each.

Source: worldsteel, Brussels
7/23/2014 - Rautaruukki's shareholders

SSAB's share exchange offer has been accepted by more than 90 % of Rautaruukki's shares

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SSAB has announced that SSAB's share exchange offer to Rautaruukki's shareholders has been accepted by shareholders representing more than 90 % of Rautaruukki's shares. The offer period for the share exchange offer by SSAB AB to the shareholders of Rautaruukki Corporation expired at 3:00 p.m. CET on July 22, 2014. Based on the preliminary information SSAB has received from the arranger of the share exchange offer, the share exchange offer has been approved by Rautaruukki's shareholders representing approximately 94.8 % of Rautaruukki's shares. This preliminary information remains subject to confirmation by the arranger of the share exchange offer. This information is published by SSAB pursuant to the requirements of the Finnish Securities Market Act and the Swedish Securities Market Act.

Source: SSAB AB, Stockholm
7/21/2014 - Rising imports may absorb growth in steel demand, though

EU recovery taking hold

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Economic data confirm that the recovery in the EU is taking hold, although growth momentum remains rather modest. Relatively robust indicator levels suggest that the recovery may gain traction over the remainder of this year and into 2015 as economic growth steadily becomes more balanced across growth factors. Rising investment will provide the main thrust behind the improvement in domestic demand expected for this year and next. This will reduce EU’s dependence on exports as driver of economic growth and result in the economic recovery becoming broader and more self-sustained. There is also evidence that the recovery is broadening from a regional perspective, as the outlook for the more vulnerable countries in the Eurozone periphery is brightening, owing to reforms which strengthen particularly the export sector. In contrast, the recovery in France and Italy struggles to gain some strength.

Multi-hearth kiln. Courtesy: Magnesit Group
Multi-hearth kiln. Courtesy: Magnesit Group
7/18/2014 - Magnezit Group

Large-scale investment project amounting to more than 3 billion rubles

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Commissioning of the multi-hearth furnace for calcination of magnesite took place at the Satka production site of Magnezit Group (Satka, Chelyabinsk region, Russia) being the first on the territory of CIS. It marked completion of a large-scale investment project of the Group for the establishment of the Complex for the production of periclase clinkers – a new plant, construction of which can be without any exaggeration called a new stage in development of refractory industry in Russia.

The multi-hearth furnace with the annual production capacity of 100,000 t was developed specially for Magnezit Group by the German concern Polysius AG. The furnace has no analogues not only on the territory of Russia and CIS, but even on the world scale such kind of equipment is represented as single instances at the most technologically advanced plants. Innovation equipment corresponds to the most up-to-date international standards, including those of energy efficiency and environmental safety. Use of own raw materials, mined at the Magnezit Group deposit in Krasnoyarsk Area, allows to obtain the highest quality of products.

Source: Magnezit Group, Moscow, Russia
7/18/2014 - SSAB proceeds with the completion of the share exchange offer

The European Commission has approved the combination of SSAB and Rautaruukki

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SSAB has received the European Commission's approval for the combination with Rautaruukki. The approval is conditional on a commitment by SSAB to divest the following assets within its Nordic Steel Distribution system and Finnish construction business: one steel service center in Sweden and one in Finland, Tibnor Oy in Finland (a wholly owned subsidiary of Tibnor AB), the 50 % ownership interest in each of Norsk Stål AS (NS) and Norsk Stål Tynnplater AS (NST), and Plannja Oy in Finland (a wholly owned subsidiary to Plannja AB). SSAB will immediately start the divestiture process. These divestments will not affect the previously communicated synergy potential or the industrial logic behind the combination, since certain concessions were already expected. Regulatory competition approvals have previously been granted in Russia, Turkey and Ukraine. No further regulatory competition approvals are necessary for the completion of the share exchange offer.

Source: GlobeNewswire, Los Angeles, USA
7/17/2014 - International Stainless Steel Forum (ISSF)

Stainless Steel Production reaches 10.2 million t

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The International Stainless Steel Forum (ISSF) has released figures for Q1 2014 showing that stainless steel melt shop production increased by 6.8 % year–on–year to 10.2 million t. Production increased in all regions. With a y–o–y growth of 3.0 % Asia (without China) produced 2.2 million t. Japan and South Korea recorded increases of 9.5 % and 3.5 % respectively. India and Taiwan, China were negative with –2.6 % and –3.6 % respectively. Stainless steel production in China increased by 11.1% to 5.1 million t y–o–y. China produces about half of the world’s stainless steel.

Production in Western Europe and Africa increased by 0.2% to 2.2 million t. France increased by 10.1 %, but Germany declined by 18.9 %, Italy by 2.4 % and Austria by 2.0 %. Production increased by 11.9 % to 0.7 million t in the Americas and by 5.5 % to 0.1 million t in Central and Eastern Europe.

Source: International Stainless Steel Forum (ISSF), Brussels, Belgium
7/9/2014 - a 90% increase vs. May 2013

Latin America: May displays record high for finished steel imports from China

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In May 2014, Latin America registered the highest volume of finished steel imports from China of the current year and reached 858,122 tonnes, 90 % more than May 2013. Between January and May 2014, finished steel imports from China to Latin America achieved 3.4 million tonnes, 81 % more than the 1.9 million tonnes registered during the same period of 2013. During the first 5 months of 2014, China exported 30.5 million tonnes to the world, growing 39 % y-o-y. As Chinese exports maintain an accelerated pace, the flow to Latin America is even more aggressive.

Source: alacero, Santiago
7/9/2014 - ArcelorMittal Bottrop

Energiemodul als stromerzeugende Druckreduzierstation

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7/3/2014 - Paul Wurth Group

Schalke coke oven machine technology to enter portfolio

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On 2 July 2014, Paul Wurth Italia S.p.A, and the German company Schalker Eisenhütte Maschinenfabrik GmbH signed an Asset Purchase Agreement regarding the transfer of Schalke’s coke oven machine segment to the Paul Wurth Group. Thanks to this acquisition, Paul Wurth takes over the patents, references, drawings, licences, brand name and know-how of the Bochum based company, which has established itself as a worldwide market leader for coke oven machines relying on more than 130 years of experience.

Source: Paul Wurth S.A., Luxembourg/Genoa/Bochum
7/2/2014 - Varner-Gruppen's logistics centre

Ruukki awarded significant steel structure contract

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Ruukki is to deliver a steel frame and envelope solution worth around € 9 million for a new logistics centre being built for Norway-based Varner Gruppen in Vänersborg, western Sweden. The new building will have a surface area of almost 50 000 m2. The order for Ruukki's delivery was placed by NCC Construction Sverige AB, the lead contractor in the project.

Source: Ruukki, Helsinki
7/1/2014 - ArcelorMittal

ArcelorMittal completes the sale of ATIC stake

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ArcelorMittal yesterday announces that it has completed the sale of ArcelorMittal’s 78% stake in European port handling and logistics company ATIC Services S.A. to HES Beheer, having received all necessary regulatory approvals. The transaction was completed for an agreed price of € 155.4 million. The sale is consistent with ArcelorMittal’s stated strategy of selective divestment of non-core assets.

Source: ArcelorMittal, Luxembourg
6/30/2014 - Dubai, United Arab Emirates

New sales office for Ruukki in the Middle East

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Ruukki is expanding its sales network in the Middle East by opening, in June 2014, an office in Dubai, United Arab Emirates. Opening this new sales office is in line with Ruukki's aim to increase the share of special steel products and develop its distribution and partnership network and to provide a faster and more flexible service, together with technical support.

Source: Ruukki, Helsinki
6/27/2014 - Steel frame, roof structure and façade deliveries

Important orders in Sweden for Ruukki Building Systems

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Ruukki has signed contracts with NCC Construction Sverige AB for steel frame, roof structure and façade deliveries for a central warehouse for EEL, Elon Elkedjan Logistic, a chain of electrical appliance stores and for a maintenance depot for Storstockholms Lokaltrafik's metro maintenance vehicles. The contracts are worth a total of more than € 6 million.

Source: Ruukki, Helsinki
6/27/2014 - General corporate purposes

Aperam launches an up to USD300 million bond offering

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Aperam S.A. announces the launch today of an offering of net share settled convertible and/or exchangeable bonds due 2021 with an initial size of USD250 million, which may be increased up to a maximum of USD300 million prior to pricing upon the exercise by the Company of an up to USD50 million extension clause. The net proceeds of the Offering will be used for general corporate purposes and the refinancing of existing indebtedness (including senior notes maturing in 2016). The issue of the Bonds reflects the proactive approach of the Company to optimising its debt profile and interest costs.

Source: Aperam S.A., Luxembourg
6/27/2014 - South African Kalagadi Manganese

Outotec agrees operation and maintenance service contract

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Outotec has agreed a three-year operation and maintenance contract with South African Kalagadi Manganese Pty Ltd for the new manganese sinter plant located in Hotazel in the country's Northern Cape province. The contract value is approximately € 17 million, which has been booked in Outotec's 2014 second quarter order intake.

Source: Outotec, Helsinki