Fri Jan 27, 2012
* MMK says finished steel output could jump 15 pct this year
* Says Russia steel consumption to grow faster than world avg
* Moscow analyst says steel prices bottomed Dec-Jan
* MMK Q4 crude steel output off 2 pct from Q3
MOSCOW, Jan 27 (Reuters) - Magnitogorsk Iron & Steel Works, Russia's third-largest steelmaker, said on Friday that 2012 finished steel output could increase by 15 percent from last year and that demand will be stronger at home than abroad.
"It is expected that steel consumption in Russia will grow in 2012 faster than the world at average," the company said.
"Steel consumption growth, realised investments in equipment modernisation and mastering of new products will help MMK to increase production of finished products in 2012 at its Russian facilities."
Analysts have noted some positive trends in steel demand recently, following price declines in the third quarter on weaker European demand and a decline in Chinese daily output.
"We believe that Russian export steel prices bottomed in December-January; they have increased $30-40/tonne (5-7 percent) year-to-date," Uralsib analyst Dmitry Smolin wrote in a note.
"Our understanding is that the steel price increases are a function of improved export and domestic demand, as well as restocking in Europe and other regions due to very low inventories."
Fourth quarter production at Russia's steel majors was largely flat compared to the previous quarter on seasonal demand factors at home and weak markets abroad.
Evraz, Russia's largest steel producer, said last week that fourth quarter crude steel volumes increased by 3 percent quarter-on-quarter.
MMK, controlled by billionaire Viktor Rashnikov, said fourth quarter output was 3.1 million tonnes, off 2 percent from the previous quarter.
Full year 2011 crude steel output reached 12.2 million tonnes, up from 11.4 million in 2010, the company also said.
(sourced Reuters)
Showing posts with label annual steel output. Show all posts
Showing posts with label annual steel output. Show all posts
Friday, January 27, 2012
Tuesday, November 15, 2011
ArcelorMittal Kriviy Rih steel output in October falls by 5.9pct YoY
Tuesday, 15 Nov 2011
ArcelorMittal’s Ukrainian unit said steel production fell by 5.9% in October from the same month a year ago as the mill continues to upgrade, necessitating the stopping of some equipment.
ArcelorMittal Kriviy Rih said that output declined to 527,900 tonnes from 560,800 tonnes.
According to the statement, steel production declined to 4.6 million tonnes in the first ten months of the year, from 5.09 million tonnes in the same period last year.
(sourced from bloomberg.net)
ArcelorMittal’s Ukrainian unit said steel production fell by 5.9% in October from the same month a year ago as the mill continues to upgrade, necessitating the stopping of some equipment.
ArcelorMittal Kriviy Rih said that output declined to 527,900 tonnes from 560,800 tonnes.
According to the statement, steel production declined to 4.6 million tonnes in the first ten months of the year, from 5.09 million tonnes in the same period last year.
(sourced from bloomberg.net)
Tuesday, September 20, 2011
Brazil's CSA sees steel output up 67 pct by 2012
Sept 20, 2011
* CSA to ramp up output despite economic crisis
* Company suspends capacity expansion plans
RIO DE JANEIRO (Reuters) - ThyssenKrupp's $6.5 billion Rio de Janeiro slab mill will raise output by 67 percent to 5 million tonnes per year by 2012, a company official said on Monday.
CSA ThyssenKrupp, a joint venture with Brazilian mining giant Vale , is ramping up production despite a slowdown in the United States and Europe and turmoil in global capital markets, Financial Vice President Rodrigo Tostes said in an interview.
"We are in a ramp-up phase and next year we will reach peak production," Tostes said in an interview. "Our advantage is that we have captive clients with long-term contracts. We are going to follow through with our plans" despite the current economic crisis, he said.
He added that the company no longer has plans to expand its production capacity, as had been suggested earlier.
Tostes said CSA recently reached output of 3 million tonnes of steel products, and expects average output to remain at that level until the end of the year.
Some 40 percent of its products are sold to Europe, while the remainder goes to the United States.
Brazilian steelmakers dependent on local market demand have been struggling with greater competition from cheap Chinese imports.
(sourced Reuters)
* CSA to ramp up output despite economic crisis
* Company suspends capacity expansion plans
RIO DE JANEIRO (Reuters) - ThyssenKrupp's $6.5 billion Rio de Janeiro slab mill will raise output by 67 percent to 5 million tonnes per year by 2012, a company official said on Monday.
CSA ThyssenKrupp, a joint venture with Brazilian mining giant Vale , is ramping up production despite a slowdown in the United States and Europe and turmoil in global capital markets, Financial Vice President Rodrigo Tostes said in an interview.
"We are in a ramp-up phase and next year we will reach peak production," Tostes said in an interview. "Our advantage is that we have captive clients with long-term contracts. We are going to follow through with our plans" despite the current economic crisis, he said.
He added that the company no longer has plans to expand its production capacity, as had been suggested earlier.
Tostes said CSA recently reached output of 3 million tonnes of steel products, and expects average output to remain at that level until the end of the year.
Some 40 percent of its products are sold to Europe, while the remainder goes to the United States.
Brazilian steelmakers dependent on local market demand have been struggling with greater competition from cheap Chinese imports.
(sourced Reuters)
Wednesday, February 9, 2011
Metinvest targets annual steel output of 25 million mt in long term
Tuesday, 08 February 2011
Ukraine's largest mining and steel group Metinvest has increased its investments for 2011 by 2.4 times year on year to $1.18 billion in order to improve its steel production efficiency and to strengthen its vertical integration with the aim of processing in-house as much available raw materials as possible into steel, said Metinvest's CEO Igor Syry. He added that during the next five years Metinvest plans to invest around $6 billion for the stated purpose, targeting a long-term output goal of 25 million mt of steel per year, which will take it to around fifth place among the world's major steelmakers.
Metinvest plans to expand its steelmaking capacities both by mergers and acquisitions, and by pursuing organic growth. "We will also strengthen our footprint in our strategic markets - in Ukraine and the CIS, the EU, the Middle East and North Africa. Our presence will grow by means of product portfolio diversification, reduction of the share of semi-finished products down to 10 percent in favor of such products as hot and cold rolled coils, coated coils and heavy sections, as well as through clear customer segmentation and development of long-term mutually beneficial relationships with key accounts," Mr. Syry said.
As regards its technological strategy, Metinvest plans to introduce pulverized coal injection (PCI) technology. Its high-grade coking coal needs per annum will increase to 13 million mt, and its coke needs will rise to 8 million mt. "The share of high-quality coking coal in our blast furnace charge will need to increase, though, unfortunately, there is a lack of such coals in Ukraine. Additional volumes can be imported, and naturally, we will be sourcing them from United Coal (UCC), our own coal mining company in the USA. We have approved capacity expansion projects at the Affinity and Roaring Creek mines, and we are planning to increase supplies," Mr. Syry stated.
In addition, Metinvest plans the implementation of energy efficiency projects, the positive effect of which, according to preliminary estimations, will amount to around $1 billion per year.
Tags: hrc , crude steel , coking coal , crc , raw mat , semis , flats , Ukraine , CIS , steelmaking , production , investments , Metinvest(sourced:steel orbis)
Ukraine's largest mining and steel group Metinvest has increased its investments for 2011 by 2.4 times year on year to $1.18 billion in order to improve its steel production efficiency and to strengthen its vertical integration with the aim of processing in-house as much available raw materials as possible into steel, said Metinvest's CEO Igor Syry. He added that during the next five years Metinvest plans to invest around $6 billion for the stated purpose, targeting a long-term output goal of 25 million mt of steel per year, which will take it to around fifth place among the world's major steelmakers.
Metinvest plans to expand its steelmaking capacities both by mergers and acquisitions, and by pursuing organic growth. "We will also strengthen our footprint in our strategic markets - in Ukraine and the CIS, the EU, the Middle East and North Africa. Our presence will grow by means of product portfolio diversification, reduction of the share of semi-finished products down to 10 percent in favor of such products as hot and cold rolled coils, coated coils and heavy sections, as well as through clear customer segmentation and development of long-term mutually beneficial relationships with key accounts," Mr. Syry said.
As regards its technological strategy, Metinvest plans to introduce pulverized coal injection (PCI) technology. Its high-grade coking coal needs per annum will increase to 13 million mt, and its coke needs will rise to 8 million mt. "The share of high-quality coking coal in our blast furnace charge will need to increase, though, unfortunately, there is a lack of such coals in Ukraine. Additional volumes can be imported, and naturally, we will be sourcing them from United Coal (UCC), our own coal mining company in the USA. We have approved capacity expansion projects at the Affinity and Roaring Creek mines, and we are planning to increase supplies," Mr. Syry stated.
In addition, Metinvest plans the implementation of energy efficiency projects, the positive effect of which, according to preliminary estimations, will amount to around $1 billion per year.
Tags: hrc , crude steel , coking coal , crc , raw mat , semis , flats , Ukraine , CIS , steelmaking , production , investments , Metinvest(sourced:steel orbis)
Subscribe to:
Posts (Atom)
Posts
