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Tata Steels Merger Plan to Yield Gains Over the Longer Term
Sat, 01 Oct 2022 00:00:00 GMT
Fitch Ratings expects Tata Steel Limiteds (TSL, BB+/Positive) plan to merge with seven units to result in higher EBITDA from procurement and marketing synergies, and lower royalty payments. However, the financial gains are likely to be small and could take several quarters to be realised, depending on the pace of regulatory approvals. India-based TSL announced on 22 September 2022 that its board has approved its merger with six subsidiaries and one associate, using share swaps instead of
https://www.hellenicshippingnews.com/tata-steels-merger-plan-to-yield-gains-over-the-longer-term/


Iron ore marks quarterly losses on China COVID, property woes
Sat, 01 Oct 2022 00:00:00 GMT
Dalian and Singapore iron ore marked their second quarterly losses, despite some gains on Friday, as worries over a stringent zero-COVID policy and property sector jitters in top steel producer China continued to dominate markets. However, hopes of sustained policy support for the ailing Chinese economy and increased construction-related demand for steel lent some support to the steelmaking ingredient. The most-traded January iron ore on Chinas Dalian Commodity Exchange closed 0.1% higher
https://www.hellenicshippingnews.com/iron-ore-marks-quarterly-losses-on-china-covid-property-woes/


Data providers
Fri, 30 Sep 2022 12:04:05 GMT
The post Data providers appeared first on World Steel Association.org.
https://worldsteel.org/steel-topics/environment-and-climate-change/climate-action/climate-action-data-collection/data-providers/


S. Korea: Shutdowns and strikes spell trouble for steel supplies
Fri, 30 Sep 2022 00:00:00 GMT
Supply disruptions loom in Koreas steel industry as the countrys two largest steelmakers are struggling to fully operate their plants. Posco is still in the process of restoring its Pohang plant that was flooded by Typhoon Hinnamnor earlier this month, while labor unions at Hyundai Steel have been going on a series of strikes after negotiations failed. The two companies dominate over 80 percent of Koreas crude steel production. The price of hot-rolled steel stood at 1.1 million won ($773)
https://www.hellenicshippingnews.com/s-korea-shutdowns-and-strikes-spell-trouble-for-steel-supplies/


Ukraine: metal plants capacity at 15% of pre-war level
Thu, 29 Sep 2022 08:54:25 GMT
At present only 6 metal enterprises situated on the non-occupied territories operate in Ukraine. Their average capacity is 15% of the pre-war level. Mining enterprises are better off, as their capacity is around 25%. At the same time, operation at Ingulets GOK, UGOK and AMKR mining and processing works has been suspended. The situation
https://metalukraine.com/2022/09/29/ukraine-metal-plants-capacity-at-15-of-pre-war-level.html


Weak demand, cheaper imports put pressure on European flat steel ...
Thu, 29 Sep 2022 00:00:00 GMT
European flat steel prices were stable to slightly weaker in the seven days to Wednesday, September 28, amid limited end-user demand, overstocking and competitive cold-rolled coil import offers, sources toldFastmarkets.The subdued demand from key end-user sectors including the automotive industry that have high stock levels, has kept trading activity at a minimum
https://eurometal.net/weak-demand-cheaper-imports-put-pressure-on-european-flat-steel-prices/


Steelmaker ArcelorMittal, Zeleros to collaborate on hyperloop ...
Thu, 29 Sep 2022 00:00:00 GMT
ArcelorMittals rail business in Europe and European hyperloop developer Zeleros are collaborating to find the right steel material to scale up Zeleros hyperloop to perform in ultra-high-speed conditions, the companies said Sept. 28. A hyperloop is an ultra high-speed transportation system for public and goods transport. As part of the collaboration, the partners have
https://eurometal.net/steelmaker-arcelormittal-zeleros-to-collaborate-on-hyperloop-project-in-europe/


Steel plate prices stabilize in Italy, Northern Europe amid sufficient ...
Thu, 29 Sep 2022 00:00:00 GMT
Steel plate prices in Italy and Northern Europe flattened in the week to Wednesday September 28 amid sufficient daily demand, while the availability of cheap slab has had no effect on the Italianmarketyet, sources toldFastmarkets. ItalySources reported that trading activity in Italys platemarkethas been quite good during the month of September. Local re-rollers are
https://eurometal.net/steel-plate-prices-stabilize-in-italy-northern-europe-amid-sufficient-trading-activity/


Danieli forecasts another good year on green steel plants and ...
Thu, 29 Sep 2022 00:00:00 GMT
Italian engineering company and steel producer Danieli has published a bullish outlook for the upcoming financial year, expecting a significan't order book as its customers invest in new green steel plants and more efficient and sustainable steel production. This will continue to sustain voumes and margins within Danielis Plantmaking segment, the company said in
https://eurometal.net/danieli-forecasts-another-good-year-on-green-steel-plants-and-machinery-orders/


JSW, Japan's JFE plan to invest $1 billion in specialty steel
Thu, 29 Sep 2022 00:00:00 GMT
A feasibility study commissioned by the two companies last year for manufacturing grain oriented electrical steel in India was close to completion and they would be ready to take a call on the project by December, according to Seshagiri Rao, joint managing director of JSW
https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/jsw-japans-jfe-plan-to-invest-1-billion-in-specialty-steel/articleshow/94518471.cms


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MENA can lead the world in green steel production Report
Sat, 17 Sep 2022 00:00:00 GMT
The Middle East and North Africa (MENA) region is in a prime position to start producing carbon-neutral or green steel, a new report from the Institute for Energy Economics and Financial Analysis said. The MENA region can lead the world if it shifts promptly to renewables and applies green hydrogen in its steel sector, said author of the report Soroush Basirat. The steel sector in the region is dominated by Direct Reduced Iron-Electric Arc Furnace (DRI-EAF) technology, which releases lower


Australias Fortescue inches closer to iron ore exploration in ...
Sun, 21 Aug 2022 00:00:00 GMT
Australias Fortescue Metals Group said on Friday a majority-owned joint venture signed an agreement with Gabon that will pave the way to study and obtain a licence to explore the Belinga iron ore project in the West African nation. The licence will be sought by Ivindo Iron SA, a joint venture in which Fortescue holds 80% interest. Africa Transformation and Industrialization Fund owns the rest. The agreement outlines key terms for the exploration of potentially one of the worlds largest


Guinea halts Simandou iron ore project work again
Tue, 05 Jul 2022 00:00:00 GMT
Guineas mines minister has ordered all work related to the Simandou iron ore mine project halted after the two companies involved missed an extended deadline to agree on a joint venture, a letter seen by Reuters - showed on Monday. Rio Tinto RIO.L and Chinese-backed consortium Winning Consortium Simandou (WCS) had showed a lack of willingness to work on a partnership, Mines Minister Moussa Magassouba said in the letter, which was dated July 3. Despite the significan't concessions the




North America Media Releases



Vallourec forecasts continued growth this year
Tue, 20 Sep 2022 00:00:00 GMT
French pipemaker Vallourec continues to foresee positive market dynamics thanks to higher drilling and OCTG prices, driven by global demand recovery and the inflationary environment, the company says in an investors presentation obtained by Kallanish. Thanks to continued improvement in its tube division, particularly in North America, which is forecast to offset lower performance


Chinas winter output cuts may give limited boost to steel markets
Mon, 19 Sep 2022 00:00:00 GMT
China is expected to enforce winter steel output cuts in the countrys northern region as a way to reduce smog. However, these cuts to be implemented in the fourth quarter are unlikely to reduce Chinas crude steel output on a large scale, raising oversupply concerns that could weigh on steel prices in coming months, sources said. Although final details of the winter steel output cuts for 2022 remain unclear, some market sources expected them to be similar to those in 2021. Steelmakers in


German pipemaker Europipe wins contract to supply sub-sea line ...
Mon, 19 Sep 2022 00:00:00 GMT
German steel pipe maker Europipe has been awarded a contract by Canadian firm TC Energy (TCE) to supply material for the Southeast Gateway Pipeline in the Gulf of Mexico, it announced on Friday September 16.TCE is building the offshore gas pipeline in partnership with Mexican state-owned power utility company Comisin Federal de Electricidad (CFE).




Asia Pacific Industry Headlines



S. Korea: Shutdowns and strikes spell trouble for steel supplies
Fri, 30 Sep 2022 00:00:00 GMT
Supply disruptions loom in Koreas steel industry as the countrys two largest steelmakers are struggling to fully operate their plants. Posco is still in the process of restoring its Pohang plant that was flooded by Typhoon Hinnamnor earlier this month, while labor unions at Hyundai Steel have been going on a series of strikes after negotiations failed. The two companies dominate over 80 percent of Koreas crude steel production. The price of hot-rolled steel stood at 1.1 million won ($773)


Iron ore rises as Chinese steel mills resume ramping up output
Wed, 28 Sep 2022 00:00:00 GMT
Iron ore futures rose on Tuesday, with Singapore prices rebounding after two straight sessions of losses, as top steel producer China resumed ramping up output to cash in on increased construction activity during the September-October peak season. Benchmark October iron ore on the Singapore Exchange climbed 1.5% to a session high of $97.05 a tonne, while the September contract rose 0.2% to $98.60. On Chinas Dalian Commodity Exchange, the most-active January iron ore contract DCIOcv1 ended


Chinas manufacturing steel demand rebounds in August, further ...
Mon, 26 Sep 2022 00:00:00 GMT
Chinas manufacturing steel demand rebounded in August and is expected to improve further in September and October on higher seasonal manufacturing activity, but market sources told S&P Global Commodity Insights that overall volume requirements are likely to remain modest amid a weak property sector and low household consumption. Evidence of this was also seen in August, when volumes were the third lowest so far in the year despite seeing a month-on-month growth. Chinas manufacturing







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