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12/22/2014 - worldsteel

November 2014 crude steel production increases slightly

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World crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 131 million t (Mt) in November 2014, a 0.1% increase compared to November 2013. China’s crude steel production for November 2014 was 63.3 Mt, a slight decrease of -0.2% compared to November 2013. Elsewhere in Asia, Japan produced 9.2 Mt of crude steel in November 2014, a decrease of -1.1% compared to November 2013. South Korea produced 5.9 Mt of crude steel in November 2014, up by 5.5% on November 2013.

Source: worldsteel, Brussels
12/19/2014 - Eurofer monthly steel market update: December

Strengthening Trend EU steel market looks set to continue in 2015

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The latest economic surveys show that following a weakening trend in Q3 most indicators stabilised lately. Geopolitical concerns appear to have ebbed away to some extent in recent months. Eurofer foresees for 2015 continued but slow growth, although the outlook remains vulnerable to downside risks such as an escalation of the conflict in the Ukraine, slow growth in the emerging world and persisting weakness in France and Italy.

Source: Eurofer, Brussels
12/19/2014 - World Consulting & Research Corporation

Tata Steel chosen as one of the 100 Most Valuable Brands 2014

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Tata Steel has been chosen as one of the 100 Most Valuable Brands 2014 by World Consulting & Research Corporation (WCRC), Asia's No 1 Brand Rating & Ranking company. The Award was given by WCRC at a grand felicitation ceremony held on December 16, 2014 in Mumbai. Ms Malini Gupta, Head Corporate Communications, Tata Steel, received the award on behalf of the Company.

Source: Tata Steel, Jamshedpur
12/18/2014 - EU’s open market falls victim to unfair trade from non-EU countries

EU trade policy needs to become more reactive and effective

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“The EU steel industry depends on open markets and fair trade. However, since the global crisis, the proliferation of unfair trade practices by non-EU steel producing countries is undermining the level playing field for EU steel producers increasingly weakening their margins”, says Eurofer director general Axel Eggert. “For Europe to keep its global leadership in this strategic sector with hundreds of thousand highly skilled employees, trade policy needs to be reactive and effective, forcefully tackling third market access and raw material export restrictions, and enforcing the EU’s trade remedy instruments without inhibition against unfair trade practices.”

Source: Eurofer, Brussels
12/16/2014 - Materials Research Society

New Board Appointment for 2015 announced

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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.

Source: Materials Research Society (MRS), Warrendale, PA
12/12/2014 - “Plans for higher energy prices in Europe are not compatible with EU objectives for competitiveness, growth and jobs”

Market Stability Reserve sends contradictory signals from Brussels

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“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).

Source: Eurofer, Brussels
12/11/2014 - Outokumpu

Update on impact of the recent technical issues in Calvert and market development

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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.

Source: Outokumpu Oyj, Espoo
ArcelorMittal will deliver a minimum of 116 000 t of steel for three giant cruise ships to be built by STX France. Photo: AM
ArcelorMittal will deliver a minimum of 116 000 t of steel for three giant cruise ships to be built by STX France. Photo: AM
12/10/2014 - Three new cruise ships

ArcelorMittal signs a new contract with STX France shipyards

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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.

Source: ArcelorMittal, Paris
12/9/2014 - Platts

TSI Iron Ore Fines Index to Form Basis of New CME Futures Contract

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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.”

Source: Platts, New York, Singapore
12/8/2014 - More

Installation of Lindarc real time laser off-gas analysis system at ABS Electric Arc Furnace

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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.

Source: More srl, Gemona del Friuli
12/8/2014 - Sentiment stabilizes but Index remains below the 50-point mark for sixth month

Platts China Steel Sentiment Index shows small uptick

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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.

Source: Platts, New York
12/3/2014 - Chinese steel producers exploit the export tax regime

Eurofer: Chinese steel imports confuse buyers in Europe

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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.

Source: Eurofer, Brussels
12/3/2014 - ISSF

Stainless Steel in Agricultural Applications

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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.

Source: International Stainless Steel Forum (ISSF), Brussels
12/2/2014 - Eurofer: “Best way to save jobs is a favorable business environment”

EU investment plan should boost demand for steel

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“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.

Source: Eurofer, Brussels
12/1/2014 - High wear resistance, offering manufacturers greater design advantages

Ovako launches WR-Steel

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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.

Source: Ovako AB, Stockholm