Another record year for stainless steel production

( Source: International Stainless Steel Forum (ISSF), Brussels, Belgium )

[21/05/2013]

The International Stainless Steel Forum (ISSF) has rele ased preliminary figures for 2012 which show that stainless steel production grew by 5.2 % to reach a record high of 35.4 million t. China accounted for the increase in production, with other regions of the world showing negative growth, mainly due to de-stocking.

Performing well in all conditions and temperatures

( Source: Rautaruukki Oyj, Helsinki, Finland )

[21/05/2013]

The Italian Fassi Gru S.p.A is recognized as one of the leader manufacturers of loader cranes in the world. The strong innovative feature of Fassi products is guaranteed by the use of advanced materials. To further increase their quality and performance, after a specific research project Fassi found new toughness requirement, which in their opinion was needed for the approval of material for crane building. Ruukki's high-strength Optim 700 MC Plus was the steel that best met the requirements, which is why Fassi is using it as their steel of choice.

Repair of blast furnace in record time

( Source: ArcelorMittal, Luxembourg )

[17/05/2013]

ArcelorMittal Kryvyi Rih, the largest producer of rolled steel in Ukraine, has finished the overhaul of its blast furnace number seven after just 26 days. A total of 17 operations were performed on the blast furnace. "In April we accomplished a category two overhaul repair of blast furnace number seven. During this period, the furnace remained idle for four weeks (19 days of repairs and seven of commissioning operations). We were using only two blast furnaces in this period, but this did not affect our production performance in April", said Paramjit Kahlon, ArcelorMittal Kryvyi Rih chief operating officer. Kahlon added that cold repairs to the two-bath steelmaking vessel in the open-hearth plant and repairs to the return-stream apron conveyor number one in the sinter shop number one, also started in April.

Gedämpfte Erwartungen zum Jahresbeginn

( Source: VDMA, Frankfurt )

[16/05/2013]

„2012 endete mit einer roten Null – die Auftragslage in der Thermoprozesstechnik-Branche hat sich im Jahresverlauf sukzessive eingetrübt, nachdem 2011 überdurchschnittlich viele Neuaufträge eingegangen waren. Das vorhandene Auftragspolster verhalf der Branche 2012 noch zu einer Umsatzsteigerung von durchschnittlich 6 %“, berichtete Dr. Timo Würz, Geschäftsführer des VDMA-Fachverbandes Thermoprozesstechnik am Mittwoch in Frankfurt. Der Auftragsrückgang machte sich bereits in der Jahresproduktion der Branche bemerkbar. Sie lag im abgelaufenen Jahr mit einem Wert von 1,7 Mrd. € unter der Zwei-Milliarden-Marke, die noch in den beiden Vorjahren überschritten worden war. Besonders betroffen war dabei der Bereich des elektrischen Industrieofenbaus.

Outokumpu conducts a strategic review of its VDM business

( Source: Outokumpu Oyj, Helsinki )

[16/05/2013]

Outokumpu has started a strategic review of its high performance alloys or VDM business unit. During this review, Outokumpu will evaluate strategic options for VDM and consider how best to drive continued growth and profitability for the business, within or outside of Outokumpu. Says Outokumpu CEO Mika Seitovirta: “Given the challenging economic and market environment, we want to investigate strategic options for the VDM business unit with the aim of improving our profitability and strengthening our balance sheet while ensuring the realization of at least € 200 million of synergy savings enabled by the Inoxum acquisition.”

43 million Q1 2013 operating loss reported

( Source: ArcelorMittal, Luxembourg )

[13/05/2013]

ArcelorMittal announced results for its Flat Carbon Europe segment for the first quarter of 2013. The segment recorded an operating loss of €43 million for the first quarter of 2013 which excludes interest and tax costs. This is compared to an operating loss of €2,212 million in 4Q 2012 that had included a €1.9 billion write down of goodwill due to the weaker macro economic and market environments in Europe.

• Compared to Q4 2012, the segment’s crude steel production increased 14.2% to 7.3 Mt in Q1 2013 due to a stock re-build following weak demand in the fourth quarter of 2012. Production in 1Q 2013 improved, benefiting from the restart of furnaces at Asturias and Dunkerque.
• Steel shipments for Q1 2013 increased to 6.9 Mt, an increase of 15.7% as compared to 6.0 Mt for Q4 2012. Steel shipments increased in 1Q 2013 due to a pick up following the seasonally weaker period.
• Sales were €5.2 billion for Q1 2013, 10.6% increase as compared to € 4.7 billion for Q4 2012. Sales benefited from higher steel shipment volumes offset in part by lower selling prices following weak iron ore pricing during Q4 2012.
• Capital expenditure in the segment for the first quarter of 2013 was €157 million.

All resolutions on their respective agendas approved by a large majority

( Source: ArcelorMittal, Luxembourg )

[13/05/2013]

1 003 022 745 shares, or 60.23% of the Company's share capital, were present or represented at the general meetings on 8 May in Luxembourg. The results of the votes will be posted shortly on www.arcelormittal.com under "Investors > Equity Investors > Shareholders’ meetings > Annual General Meeting – 8 May 2013" where the full documentation regarding to the general meetings is available.

ArcelorMittal reports first quarter 2013 results

( Source: ArcelorMittal, Luxembourg )

[13/05/2013]

ArcelorMittal announced results for the three month period ended March 31, 2013. Highlights: Health and safety performance improved in 1Q 2013 with a LTIF rate of 0.9x as compared to 1.1x at 4Q 2012; Ebitda of $1.6 billion in 1Q 2013 as compared to $1.6 billion in 4Q 2012 (which included $0.5 billion of gains from asset disposal and CO₂ credit sales); Steel shipments of 20.9 Mt, an increase of 4.7% as compared to 4Q 2012; 13.1 Mt own iron ore production; 7.3 Mt shipped and reported at market prices vs. 6.8 Mt in 1Q 2012; Net debt decreased by $3.8 billion during 1Q 2013 to $18.0 billion as of March 31, 2013 due largely to proceeds from combined offering ($4 billion) and proceeds from the first tranche of AMMC 15% stake sale ($0.8 billion), partially offset by working capital investment ($0.5 billion); Liquidity improved to $18 billion from $14.5 billion at end 4Q 2012; average debt maturity of 6.0 years; $0.2 billion New Management Gains achieved during 1Q 2013, from implementation of the new plan to achieve $3 billion of improvement by the end of 2015

Outokumpu rolls out Quintiqs supply chain optimization platform at Avesta rolling mill

( Source: Quintiq, s-Hertogenbosch )

[13/05/2013]

Quintiq, a global player in supply chain planning and optimization (SCP&O), announced that its platform is being rolled-out at the Outokumpu Stainless AB in Avesta, Sweden to support the scheduling of cold flow operations. The project will be completed by the end of 2013, and Outokumpu’s cold flow area, which produces stainless steel coils and sheets, will experience tangible benefits immediately upon completion.