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9/23/2016 - Eurofer

“Be forceful in establishing fair trade” Eurofer tells member states

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The European Steel Association (Eurofer) called upon member states to make another push to break through the impasse on the modernisation of the EU’s Trade Defence Instruments (TDIs). The call comes ahead of an Informal Meeting of Trade Ministers in the Foreign Affairs Council today at which priorities such as TDI modernisation, Market Economy Status for China (MES), the Transatlantic Trade and Investment Partnership (TTIP), and the EU-Canada Comprehensive Economic and Trade Agreement (CETA) are on the menu.

Source: Eurofer, Brussels
Made in Steel
9/22/2016 - worldsteel

World crude steel production rises in August 2016

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World crude steel production for the 66 countries reporting to the World Steel Association (worldsteel) was 134.1 million t (Mt) in August 2016, 1.9% up on August 2015. China’s crude steel production for August 2016 was 68.6 Mt, an increase of 3.0% compared to August 2015. Elsewhere in Asia, Japan produced 8.9 Mt of crude steel in August 2016, an increase of 1.5% compared to August 2015. India produced 8.1 Mt of crude steel in August 2016, up 9.4% compared to the same month last year. South Korea’s crude steel production was 5.9 Mt in August 2016, up by 1.8% on August 2015.

Source: worldsteel, Brussels
9/22/2016 - Arkansas Sheet Mill

Nucor to build specialty cold mill complex

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Nucor Corporation announced that it is adding an additional cold mill at its Nucor Steel Arkansas division. The specialty cold mill complex will expand Nucor's capability to produce advanced high-strength, high-strength low-alloy, and motor lamination steel products. The mill will cost an estimated $230 million to build and is expected to be operational in approximately two years.

Source: Nucor Corporation, Charlotte, N.C.
High performance engineering material from Ovako. Photo: Ovako
High performance engineering material from Ovako. Photo: Ovako
9/21/2016 - Ankiros 2016

Next generation steels from Ovako

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Ovako will be among exhibitors at Ankiros 2016 in Istanbul, the 13th international iron-steel and foundry technology, machinery and products trade fair, to discuss the advantages that its ‘next’ generation high performance engineering materials can bring to Turkey’s thriving steel industry. Visitors to Ankiros 2016 can join Ovako at SAN Malzeme Stand No. H2-A200 to talk about how its attribute brands BQ-Steel, IQ-Steel, M-Steel and WR-Steel and other high performance engineering steels can help customers reduce their costs, save on production time and explore new design solutions.

Source: Ovako AB, Stockholm
9/20/2016 - Manufacturer of hollow structural section (HSS) steel tubing

Nucor to acquire Independence Tube Corporation

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Nucor Corporation announced that it has agreed to acquire Independence Tube Corporation (ITC), a leading independent manufacturer of hollow structural section (HSS) steel tubing, for $435 million, or approximately 6x average Ebitda over the 2013-2015 period. "Independence Tube is a natural fit with Nucor. Their business model is similar to ours with extremely efficient manufacturing facilities and a highly variable cost structure. Our companies' cultures are also similar, sharing a belief in continual improvement, operating efficiency and the value of our employees," said John Ferriola, Chairman, CEO and President of Nucor. "This acquisition is another important step in our long-term strategy to increase the number of value-added products we can offer our customers. It also adds to our portfolio another growth platform for our team to use to grow our company."

Source: Nucor Corporation, Charlotte, N.C.
New Ovako hollow bar M-Steel 280 is a low carbon, micro alloyed steel 20MnV6 M, combining high strength with excellent machinability and weldability. Photo: Ovako
New Ovako hollow bar M-Steel 280 is a low carbon, micro alloyed steel 20MnV6 M, combining high strength with excellent machinability and weldability. Photo: Ovako
9/16/2016 - Ovako

New hollow bar material and enhanced service and distribution operation launched

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At this year’s Alihankinta Subcontracting Fair in Tampere, Finland, Ovako will launch its new hollow bar M-Steel 280 developed to offer component manufacturers design, machinability and cost advantages while also promoting its greatly increased service package and distribution operation in Finland, Ovako Metals Oy Ab. Both enhanced offerings are intended to provide customers with significant advantages, both in terms of material consistency and availability, with a range of customized services that are fine tuned to fully meet, or even exceed customers’ expectations and improve their competitive edge.

Source: Ovako AB, Stockholm
9/15/2016 - Risks from other policies

Eurofer welcomes state of the union address

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The European Steel Association (Eurofer) yesterday welcomed the steel focused elements of President Juncker’s speech but warned that the achievements in shoring up the industry thus far are still at risk from other policy areas. “It is very positive that the Commission is taking a stand on steel and is making the right noises regarding defending the industry against unfair trade,” said Axel Eggert, Director General of Eurofer. “President Juncker’s emphasis on not being “naive free traders” hits the nail on the head: Free trade is rules-based, and it is the duty of the players in the game to either play by those internationally recognised rules or face the trade defence consequences.”

Source: Eurofer, Brussels
9/13/2016 - Europe

Tata Steel's First-Quarter results

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European Performance Highlights of Tata Steel in the first quarter of 2016 are:

  • Liquid steel production of 2.68mt in line with Q4 FY16 but 15.7% lower than Q1 FY16, following the strategic decision to reduce volumes in the UK and focus on higher-value added products.
  • EBITDA for the quarter of Rs. 856 crores, as compared with a loss of Rs. 578 crores in Q4 FY16, on the back of depreciation of the pound, short-term improvements in steel prices, impact of restructuring undertaken earlier in the UK and stronger performance in the Netherlands. EBITDA/tonne for the quarter of Rs. 3,384/tonne.
  • Differentiated products and services increased by 8% in the quarter and now comprise 35% of the total sales.
  • Focus on structural cost reduction and profitability improvement continues across all the sites.
Source: Tata Steel, London
Building of the new Meraviglia Class ship at STX France. Photo: ArcelorMittal, STX France, Bernard Biger
Building of the new Meraviglia Class ship at STX France. Photo: ArcelorMittal, STX France, Bernard Biger
9/13/2016 - ArcelorMittal

Steel for cruise ship MSC Meraviglia

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MSC Cruises’ first ship of its new Meraviglia Class left STX France’s drydock in Saint-Nazaire during a float out ceremony on 2 September. The ship will now be fitted out before being christened as the MSC Meraviglia at a naming ceremony in June 2017 in Le Havre, France. ArcelorMittal has provided STX France 35 000 t of steel for the ship’s bridges and the hull. These products are entirely manufactured in ArcelorMittal’s European plants: the plates are produced in Gijón (Spain) and the coils are manufactured in Fos-sur-Mer, then processed in Saint Nazaire.

Source: ArcelorMittal, Luxembourg
9/12/2016 - EFSOP off-gas system for Kyoei Steel Group plants

Japan’s Kyoei Steel Group introduces Tenova’s EFSOP off-gas system

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With excellent energy saving results from two completed EFSOP project installations at Kanto Steel (Tsuchiura City, Ibaragi) and Kyoei Steel Hirakata Works (Hirakata City, Osaka), the Kyoei Steel Group, a leading EAF steelmaker in Japan, has confirmed the value that EFSOP technology has added to their operations in the areas of real-time off-gas chemistry measurement and dynamic closed loop control of chemical energy.

Source: Tenova, Mailand
Per Hillström. Photo: SSAB
Per Hillström. Photo: SSAB
9/8/2016 - SSAB

Per Hillström appointed new Head of Investor Relations

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Per Hillström is to be the new head of Investor Relations at SSAB. He will take up the position during the fourth quarter of this year and report to Taina Kyllönen, EVP Corporate Identity and Group Communications. Per Hillström was earlier head of Investor Relations at Scania, but will join SSAB from Ellos Group, where he is currently Head of Communications.

Source: SSAB, Stockholm
9/7/2016 - Global steel overcapacity

Nine global steel groups comment on G-20 discussion of steel overcapacity

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Nine steel groups in North, South and Latin America, and Europe, expressed cautious optimism for the outcomes at the G-20 leaders meeting that concluded on Monday in Hangzhou, China. “We are grateful that the leaders of the G-20 governments have recognized the severe impacts that global steel overcapacity in the steel sector around the world are causing to our industry. This is an important first step, but it must be followed with concrete policy actions by governments to reduce excess capacity, end subsidies and government measures that distort markets, and guarantee a level playing field driven by market forces in the near term. We appreciate the commitment expressed in the G-20 leaders’ statement for ‘collective responses’ to address excess capacity in the steel industry. This excess capacity and the government interventionist policies that have fueled it are the root cause of the surge of steel imports currently being experienced in many of our home markets,” the industry groups said.

Source: Alacero, Santiago Chile
9/2/2016 - ArcelorMittal

Meeting to discuss ArcelorMittal and SAIL automotive joint venture

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On Tuesday 30th August, ArcelorMittal welcomed Minister Chaudhary Birender Singh, Union Minister of Steel of the Government of India, Mr P. K. Singh, Chairman, SAIL and the Indian Government’s Joint Secretary Ministry of Steel, Mr Sunil Barthwal, to its London offices for discussions regarding the proposed US$1 billion automotive steel joint venture (JV) between ArcelorMittal and SAIL. Mr Lakshmi Mittal, Chairman and CEO, Mr Aditya Mittal, group CFO and CEO ArcelorMittal Europe and Mr Brian Aranha, Executive Vice President and head of global automotive, who is leading the joint venture discussions on behalf of ArcelorMittal, attended the meeting along with other members of senior management.

Source: ArcelorMittal, Luxembourg
Minister Chaudhary Birender Singh, Union Minister of Steel of the Government of India, at the Paul Wurth Luxembourg headquarters. Photo: Paul Wurth
Minister Chaudhary Birender Singh, Union Minister of Steel of the Government of India, at the Paul Wurth Luxembourg headquarters. Photo: Paul Wurth
8/30/2016 - Luxembourg headquarters

Indian Minister of Steel pays visit to Paul Wurth

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This Monday, Paul Wurth S.A. was honored to welcome Minister Chaudhary Birender Singh, Union Minister of Steel of the Government of India, in its Luxembourg headquarters. Michel Wurth, Chairman of the Board of Paul Wurth, and Georges Rassel, CEO, welcomed the high-ranking Indian delegation, which was joint among others by the H.E. Mr. Manjeev Singh Puri, Ambassador of India to Belgium, Luxembourg and the European Union, H.E. Mr. Sam Schreiner, Ambassador of Luxembourg to India as well as Joint Secretary Mr. Sunil Barthwal and Shri Prakash Kumar Singh, Chairman of Steel Authority of India Ltd (SAIL).

Source: Paul Wurth S.A., Luxembourg
8/29/2016 - AIIS: July 2016 steel imports

Steel imports showed strong gains in July

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July imports, which were down 3.5 % from July 2015, were boosted by a 77 % increase in imports from Brazil (506 000 net t, up 22 % from the previous July), a 20.5 % gain from South Korea (426 000 net t, up 39 %), 17.7 % growth from Mexico (259 000 net t, down 24.7 %), and a 52 % increase from Turkey (301 000 net t, up 16.6 %). Imports from the European Union, though, declined by 13 % (404 000 net t, down 23.5 % from July 2015) and imports from Canada dropped 11.8 % (445 000 net t, down 8 %).

Source: AIIS, Falls Church, VA