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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
8/23/2016 - World Steel Association

Increased July 2016 crude steel production

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World crude steel production for the 66 countries reporting to the World Steel Association (worldsteel) was 133.7 million tonnes (Mt) in July 2016, 1.4% up on July 2015. China’s crude steel production for July 2016 was 66.8 Mt, an increase of 2.6% compared to July 2015. Elsewhere in Asia, Japan produced 8.9 Mt of crude steel in July 2016, an increase of 0.5% compared to July 2015. India produced 8.1 Mt of crude steel in July 2016, up 8.1% compared to the same month last year. South Korea’s crude steel production was 6.0 Mt in July 2016, up by 1.5% on July 2015.

Source: worldsteel, Brussels
8/22/2016 - Danieli technology

Pakistani’s largest environmental-friendly steel melting furnace for Agha Steel Industries

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The Italian Embassy in Islamabad hosted the signing ceremony of the contract for the meltshop enhancement project between Agha Steel Industries, Pakistan and Danieli, Italy. The project includes the complete reconstruction of the Electric Arc Furnace (EAF) and a new fume treatment plant. Agha Steel Industries is the only private steelmaker running a minimill in Pakistan, and from 2011 has reached a very important position in a market with a growing demand for quality construction steel.

Source: Danieli S.p.A., Buttrio
8/17/2016 - India

Seven Refractories signs MoU with Dalmia Bharat Group

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Seven Refractories has entered into an agreement with the Refractory business of Dalmia Bharat Group to develop and supply a wide range of Monolithic refractories for the Indian market. With over sixty years of experience in Refractories, Dalmia Bharat group is a preferred partner for refractory bricks and solutions for Indian industry, while Seven Refractories is a leading and fast growing European player in monolithic refractories. The cooperation agreement is intended to lead to a joint venture between Dalmia and Seven.

Source: Seven Refractories, Divaca
8/16/2016 - LKAB

Measures to lower costs and improve efficiency

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LKAB is continuing to focus on improving efficiency through cost control and through volume and productivity increases. Stable production and improved delivery volumes resulted an operating loss of MSEK -277 (-228) for the second quarter 2016, where hedging activities had the main negative impact.

Source: LKAB, Luleå
8/12/2016 - Outlook for Long Steel Prices at Record High, Steel Output Tipped to Rise

S&P Global Platts China Steel Sentiment Index stays buoyant in August

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Sentiment in China’s steel market remained buoyant at the start of August with the outlook for construction steel prices hitting a record high, according to the latest S&P Global Platts China Steel Sentiment Index (CSSI), which showed a headline reading of 62.68 out of a possible 100 points. The August index increased by 8.97 points from 53.71 in July, reaching a four-month high and breaching the 50-point threshold for the second-consecutive month. A reading above 50 indicates expectations of an increase/expansion and a reading below 50 indicates a decrease/contraction.

Source: Platts, Beijing
8/11/2016 - ISSF

Stainless Steel in sports and leisure equipment

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Sports are now part of our lives. As more and more people enjoy more leisure and do not exert a physical activity in their professional lives, sports have grown to be the way to keep the body healthy. Sport is recommended for people of all ages, from the young for muscular development, improved coordination and skills to the elderly as a condition for retarding ageing. All materials are used in the wide variety of sports practiced today. ISSF has published a new brochure highlighting some prominent uses of stainless steels in sports and leisure equipment, ranging from hiking to sailing. The brochure can be downloaded from the ISSF website.

Source: ISSF, Brussels
8/10/2016 - New innovative plant of Danieli

SuperGrinders and IntelliGrind DDS in operation at Baosteel

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June 2016: Baosteel and Danieli jointly completed the performance tests on the new Baoshan Inspection and Grinding Plant which is now in production. The new concept is based on the integration of scarfing for primary conditioning (full skin) and grinding for secondary conditioning (spot or pattern removal) in order to deal with large volume of carbonsteel slabs, over 1.2M Ton per annum. This process method allows to drop the volume of removed steel to the very minimum, as required to inspect surfaces and just remove all residual defects; thus a value ranging from 1.5% to 2.1% depending on slab size and surface conditions. At the same equivalent conditions a pure and single scarfing process forces to remove from 3% to 4% at minimum.

Source: Danieli S.p.A., Buttrio
8/9/2016 - International Stainless Steel Forum

Stainless steel production reached 10.3 million metric t in the first quarter of 2016

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The International Stainless Steel Forum (ISSF) has released figures for the first three months of 2016 showing that stainless steel melt shop production increased by 0.4% year–on–year to 10.3 million metric t. Production increased in Central and Eastern Europe, Asia without China and in China.

Source: ISSF, Brussels
8/5/2016 - Renewable power plant network in the UK

Simec and Liberty House cut ribbon on first 'Greensteel' biofuel power plant

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Sanjeev Gupta's vision for a network of green power plants capable of providing low carbon energy to industrial facilities across the UK took a major step forward with the commissioning of the first of a series of biofuel-powered peaking plants. The new 9MW 'mini-power station' at the Liberty Steel Newport site in South Wales is the first part of a proposed network of 14 peaking plants across the UK being developed by two of the Gupta family's commodity businesses - Sanjeev Gupta's Liberty House and his father PK Gupta's Simec, which together are working on the project under the banner of the GFG Alliance.

Source: Liberty House Group, London
8/2/2016 - Alacero in ICHA Conference

The international steel market on hold for better days

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Between July 28-29, Alacero participated in the XII Steel Conference “Building the Future”, hosted by the Chilean Steel Institute (ICHA) in Viña del Mar, Chile. This activity gathered of the leading companies in the steel industry, business associations and government representatives, and professionals such as architects, structural engineers and builders. One of the topics discussed was the Supply Chain, in which Rafael Rubio, Director General of Alacero, spoke about the international steel market, both from an economic perspective, and as the value chain and their challenges in the medium and long term.

Source: Alacero, Santiago Chile
Lakshmi N. Mittal, chairman and CEO of ArcelorMittal. Photo: ArcelorMittal
Lakshmi N. Mittal, chairman and CEO of ArcelorMittal. Photo: ArcelorMittal
8/2/2016 - “Steelmaking is our passion and it is this passion that will continue to drive ArcelorMittal for many years to come”

ArcelorMittal chairman and CEO Lakshmi Mittal issues tenth anniversary statement

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On 1 August 2006, Arcelor and Mittal Steel merged to create the world’s leading steel company. Today, the company is marking its ten-year anniversary. Looking back on the past decade Mr Lakshmi N. Mittal, chairman and CEO said: “Ten years ago today marks the official merger of Arcelor and Mittal Steel, resulting in the creation of ArcelorMittal: the world’s largest steel and mining company. The logic for the merger was that the combined business would enjoy numerous advantages: geographic and product diversification, reducing volatility; the ability to supply global customers and access high value-added, long-term contracts; leadership in key product segments such as automotive; and access to the lower costs and high growth of emerging markets.

Source: ArcelorMittal, Luxembourg
8/1/2016 - Second quarter 2016

ArcelorMittal Europe reports €340m operating profit for Q2 2016

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ArcelorMittal Europe has reported its second quarter 2016 results, with a €340m operating profit for the three months to 30 June 2016 – significantly higher than the €77m operating profit reported in the first quarter of 2016. Year-on-year, Q2 operating profit in 2016 was slightly lower compared to €352m in Q2 2015. However, operating income in Q2 2016 was negatively impacted by an impairment of €44m relating to the sale of ArcelorMittal Zaragoza in Spain.

Source: ArcelorMittal, Luxembourg
8/1/2016 - Steel shipments increased of 2.9%

ArcelorMittal reports second quarter 2016 and half year 2016 results

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ArcelorMittal, the world’s leading integrated steel and mining company, announced results for the three and six month periods ended June 30, 2016. Highlights: Health and safety: LTIF rate of 0.79x in 2Q 2016 as compared to 0.72x in 1Q 2016 and 0.68x in 2Q 2015. EBITDA of $1.8 billion in 2Q 2016, nearly double as compared to $0.9 billion in 1Q 2016; 26.5% higher YoY. Operating income of $1.9 billion in 2Q 2016 higher as compared to $0.3 billion in 1Q 2016, primarily as a result of one-time gain from employee benefits at ArcelorMittal USA ($0.8 billion) and higher sales driven by improved steel selling prices. Net income of $1.1 billion in 2Q 2016 (including one-time $0.8 billion gain from employee benefits at ArcelorMittal USA) as compared to a net loss of $0.4 billion in 1Q 2016 and net income of $0.2 billion in 2Q 2015. Steel shipments of 22.1Mt in 2Q 2016, an increase of 2.9% as compared to 1Q 2016; stable YoY. Gross debt decreased to $15.1 billion at June 30, 2016, as compared to $20.2 billion at March 31, 2016. Net debt decreased to $12.7 billion as of June 30, 2016, as compared to $17.3 billion at March 31, 2016 mainly due to proceeds from the rights issue ($3.1 billion), asset sales ($1.1 billion), working capital release ($0.2 billion) offset in part by $0.2 billion premium on early repayment of debt

Source: ArcelorMittal, Luxembourg
8/1/2016 - Top quality steel producer ABS

New Danieli Olivetti Ferrè heat treatment furnace for bars

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In February 2015, Acciaierie Bertoli Safau (ABS) appointed Danieli Olivotto Ferrè, with the contract for the engineering, manufacturing, and installation of a new facility for bar heat treatment at the Cargnacco steel works. The facility was requested to anneal, temper, normalize and stress relieve 6 000 t/month of a wide range of bar profiles, from smaller bar bundles (25 mm) up to single 600 mm diameter bars. Lengths are variable ranging from 3 to 14 m while all steel grades are covered, from low carbon steels to high alloy steels.

Source: Danieli S.p.A., Buttrio