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5/22/2015 - ISSF

New office bearers elected during ISSF-19 in Hong Kong

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The International Stainless Steel Forum (ISSF) has elected new office bearers during the organisation’s 19th Annual Conference (ISSF-19) which is being held in Hong Kong on 20 and 21 May. Mika Seitovirta, Chief Executive Officer of Outokumpu, has been elected as the new Chairman of the International Stainless Steel Forum to serve for a period of two years. Bernardo Velázquez, CEO of Acerinox Group, Tim Di Maulo, CEO of Aperam and Oh, In-Hwan, Head of POSCO’s Steel Division have been elected as Vice Chairmen. Clemens Iller of Schmolz+Bickenbach has been elected as the Treasurer. For more information click here.

Source: ISSF, Hong Kong
REA_Metec
5/22/2015 - ISSF

New ISSF member welcomed during ISSF-19 in Hong Kong

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The International Stainless Steel Forum (ISSF) had accepted the membership application of TsingShan Iron and Steel Group during the organisation’s 19th Annual Conference in Hong Kong on 20 and 21 May. Originally established in Wenzhou of China in year 1992 and currently headquartered in Shanghai, Tsingshan Iron and Steel Group now has six regional groups spreading in eastern and southern China and expanding its dramatic investments in Indonesia and Africa with total round 20,000 employees.

Source: ISSF, Hong Kong
5/22/2015 - ISSF

New Applications Awards announced

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In an effort to generate more ideas for New Applications for the use of stainless steel, the Market Development Committee established the New Applications Awards. The awards are presented in two categories, “The Best New Technology Award” and “The Best New Development Award” to the winning entries submitted by either the ISSF members, or if they prefer, by their customers. The first Awards were presented at the ISSF-19 Annual Conference in May 2015 in Hong Kong.

Source: ISSF, Hong Kong
5/22/2015 - ISSF

ISSF 2015 Sustainability and Safety Award Winners

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The International Stainless Steel Forum announced that the winners of this year’s Sustainability Award is Aperam for reducing emissions to air, a project which lasted from 2005 to 2015. The Safety Award was given to Jindal Stainless for reducing carbon monoxide levels to eliminate the explosions in the dust plant.

Source: ISSF, Hong Kong
5/21/2015 - Measurable environmental targets

SSAB launches new sustainability strategy

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To increase its focus on sustainability, global steel company SSAB is launching a new sustainability strategy. The strategy outlines the measurable environmental targets to be achieved by 2019, including a lasting reduction of 200 000 t in CO2 emissions, a lasting reduction of 300 GWh in purchased energy, and a lasting improvement in the utilization of residuals by 30 000 t, thereby reducing waste being sent to landfills. In the energy and resource-intense steel industry, SSAB’s focus on sustainability is critical to ensuring the company maintains its long-term competitive position.

Source: SSAB, Stockholm
5/19/2015 - Imports of grain-oriented electrical steel

Eurofer welcomes Commission’s decision to impose provisional anti-dumping measures

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The Commission’s investigation has confirmed that imports of grain-oriented electrical steel (GOES) from Russia, USA, Japan, Korea and PR China are sold at dumped prices and cause significant injury to the Union industry. The Commission has found dumping margins ranging from 22,8% to 60,1% for the foreign producers concerned. The provisional duties imposed by the Commission are significantly lower than the dumping margins, ranging from 21,6% to 35,9%. “These measures will neither lead to a restriction in the availability of GOES nor to inordinate price increases. Rather, the measures will simply restore free trade in the EU market at non-injurious prices”, explains Eurofer Director General Axel Eggert.

Source: Eurofer, Brussels
5/12/2015 - Weaker order outlook amid rising flat steel price expectations

Platts China Steel Sentiment Index Dipped in May

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The outlook for new steel orders in China over May weakened from April despite expectations of higher prices for flat steel products, according to the latest Platts China Steel Sentiment Index (Platts CSSI), which showed a headline reading of 68.2 out of a possible 100 points in May.

Source: Platts, Beijing
5/8/2015 - EU imports surge forced closures of stainless steel drawn wires producers

Eurofer calls for a timely and effective EU trade policy

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In line with the modest European economic recovery, the stainless steel long products demand in Europe recorded a slight improvement in 2014. However, imports from third countries benefited most from the increase in apparent consumption. “An effective EU trade policy defending the European industry against unfair trade practices is crucial for reestablishing fair trade and securing the viability of the EU steel industry”, says Eurofer Director General Axel Eggert.

Source: Eurofer, Brussels
5/8/2015 - ArcelorMittal

Results for the first quarter 2015

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ArcelorMittal announced results for the three month period ended March 31, 2015. Highlights: Health and safety: LTIF rate of 0.88x in 1Q 2015 as compared to 0.89x in 4Q 2014. Ebitda of $1.4 billion in 1Q 2015 (including $0.1 billion onerous contract provision), versus $1.8 billion in 1Q 2014. Despite significant forex headwinds, 1Q 2015 underlying steel-only EBITDA stable versus 1Q 2014. Net loss of $0.7 billion in 1Q 2015 (primarily forex driven) as compared to a net loss of $0.2 billion in 1Q 2014. Steel shipments of 21.6Mt, an increase of 3% as compared to 21Mt in 1Q 2014. 15.6 Mt own iron ore production, an increase of 5% as compared to 14.8 Mt in 1Q 2014; 9.4 Mt shipped and reported at market prices as compared to 9.3 Mt in 1Q 2014. Iron ore unit cash costs down 13% YoY; FY 2015 cost reduction target increased to 15% (from 10%  previously). Net debt of $16.6 billion as of March 31, 2015 as compared to $18.5 billion at March 31, 2014.

Source: ArcelorMittal, Luxembourg
5/8/2015 - ArcelorMittal Europe

Operating profit of €281 million for Q1 2015

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ArcelorMittal Europe announced its results for the first quarter ended 31 March 2015. The segment recorded an operating profit of €281m, compared with €58m for Q1 2014. First quarter 2015 Ebitda increased by 23.3 %, to €546m compared with €443m in the last quarter of 2014. Ebitda in Q1 2015 was also 40 % higher than in the corresponding quarter of 2014, reflecting improved demand dynamics and the ongoing realisation of the benefits of cost optimisation efforts. Steel shipments in the first quarter increased by 10.9 % to 10.7 million t, compared with Q4 2014, as both flat and long product shipment volumes benefitted from seasonal impacts and improved underlying demand. Sales in the ArcelorMittal Europe segment increased by 5.9 % to €7.6bn this quarter compared to Q4 2014. This was primarily due to higher steel shipments partly offset by lower average steel selling prices. 

Source: ArcelorMittal Europe, Luxembourg
5/8/2015 - World Steel Association

Launch of ‘Introduction to Steel’ online course on EdX

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The World Steel Association (worldsteel) announces the launch of the Massive Open Online Course (MOOC) ‘Introduction to Steel’. The course, developed by TenarisUniversity together with steeluniversity, aims to provide students with an understanding of the history, science, technology and uses of steel by society. The course starts on 2 June 2015 and registration is now open. This online learning programme is hosted on the edX platform and open to all free of charge. It is comprised of a four-hour framework which will run for two weeks. It will be available in English. The course features the basics of steel melting, the properties and origins of steel, its relationship with society and the sustainability of a world underpinned by steel. It also provides interactive features to support community interactions between students and the professor.

Source: worldsteel, Brussels
5/7/2015 - METEC and 2nd ESTAD 2015

Early Bird Registration ends shortly

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The METEC and 2nd European Steel Technology and Application Days (ESTAD) 2015 welcomes steel experts from all over the world from 15 to 19 June, 2015, to the CCD South at Messe Düsseldorf. The unique program offers more than 600 presentations on the following topics:

  • Steelmaking
  • Ironmaking
  • Rolling
  • Steel Materials and their Application
  • Environmental and Energy Aspects

The Steel Institute VDEh gives you the opportunity to register for this unique event by 15 May 2015 at a discounted price. After this date, the fee will increase by 100 €. Sign up now.

Source: Steel Institute VDEh, Düsseldorf
5/6/2015 - Ironmaking plant construction projects in the Southeast Asian region

Co-operation agreement signed between Paul Wurth and China Steel Corporation

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On 8 April 2015, Paul Wurth S.A. and the Taiwan-based steelmaker China Steel Corporation (CSC) signed a Co-operation Agreement in the field of upcoming ironmaking plant construction projects in the Southeast Asian region, including material handling, sinter plants, blast furnaces and direct reduction plants.

Source: Paul Wurth S.A., Luxembourg
5/6/2015 - Aperam

First quarter 2015 results

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Aperam yesterday announced results for the three month period ending March 31, 2015. Highlights are: Health and Safety frequency rate of 1.3x in Q1 2015 compared to 1.8x in Q4 2014. Shipments of 469 thousand t in Q1 2015 compared to shipments of 439 thousand t in Q4 2014. Ebitda of USD 133 million in Q1 2015, compared to Ebitda of USD 117 million in Q4 2014. Net Income of USD 42 million in Q1 2015, compared to Net Income of USD 19 million in Q4 2014. Basic earnings per share of USD 0.54 in Q1 2015. Cash flow from operations amounted to USD 80 million in Q1 2015. Net debt of USD 508 million on March 31, 2015, representing a gearing of 22% compared to a net debt of USD 536 million on December 31, 2014.

Source: Aperam, Luxembourg
Chuck Schmitt. Photo: SSAB
Chuck Schmitt. Photo: SSAB
5/5/2015 - SSAB

Chuck Schmitt elected chairman of American Iron and Steel Institute (AISI)

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The Board of Directors of the American Iron and Steel Institute (AISI) has elected Chuck Schmitt, president of SSAB Americas, to serve as chairman of the Institute until May 2016. “Chuck is poised to be an outstanding leader for AISI and for the entire steel industry in North America,” said Martin Lindqvist, CEO of SSAB. “I am proud to have him represent SSAB in this important role. I know he will continue to help strengthen the role of steel in American manufacturing.”

Source: SSAB, Stockholm

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