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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
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

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