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OUTOKUMPU koersverloop - ontwikkeling -

1. [verwijderd] 28 februari 2018 19:53

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   Blijft volop aansterken de RVS.
   
   Nickel boven de $14.000 gehandeld.
   Het komt goed met de sector en met Outokumpu.
   Aandeel is door de idioterie over inflatieangst, valuta onder de 7,= geschoven maar zal weer er bovenop komen.
   Als schuld verder wordt afgebouwd en Amerika sluit de grenzen voor China producten dan zal Outokumpu profiteren omdat USA de markt is waar wordt afgezet.
   
   Bron: yieh.
   
   Outokumpu to hike stainless surcharge in Mar
   
   AAA
   
   According to the report, Outokumpu would continue to raise alloy surcharge on stainless steel sheet in March. The surcharge for cold-rolled sheet would be risen by euro 52/ton for grade 304 and euro 112/ton for grade 316, but the surcharge on 430 was down by 14 euro/ton.
   
   The March alloy surcharge for stainless steel 304 cold-rolled sheet would come to around euro 1,353/ton, but it remained lower than euro 1,362/ton in December last year.
   
   The LME nickel price rose to the highest level since May in 2015 to over US$14,400/ton early this month and adjusted back to US$13,600/ton lately.
   
   The price of molybdenum oxide continued to rise since last year on tight supply. The stock price has risen by around 40% since December. The surcharge for 316 came to around euro 2,072/ton, the highest since October 2014.
   
   Outokumpu has added graphite electrode surcharge for orders in Europe, Middle East, Africa, Australia and Asia by euro 30/ton since September. No further change for March prices.
   
   
2. voda 1 maart 2018 17:00

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   Outokumpu Prodec high machinability bar to be distributed by IMS in Europe
   
   Outokumpu, IMS group and Sidenor announced an agreement where IMS will act as an exclusive distributor of Prodec® high machinability round bars in key European countries including Germany, Denmark, France, Spain, Portugal and Italy. The companies announced last year a similar contract for Belgium and the Netherlands. With the agreement Outokumpu and Sidenor provide Prodec high machinability round bars covering the full dimension range from 6 to 230mm.
   
   IMS group is a leading European special and stainless steel bar distributor with 49 distribution centres, in more than 10 European countries.
   Mr John Stansfield head of sales for Outokumpu Long Products Europe said that “This agreement with IMS ensures stainless steel long products customers will have easy access to Prodec stainless steel with a short lead time. We look forward to working and expanding our cooperation with the IMS team to communicate the benefits of Prodec to the machining industry.”
   
   Prodec grades offer industry’s best machining speeds. According to tests (V15 test), Prodec can improve machining speeds significantly, resulting in a double tool life compared to competing materials in the market. By using Outokumpu Prodec, customers can optimize machining speeds to gain significant cost savings per component (up to 50% savings depending on the application).
   
   IMS will offer Prodec round bars in the complete size range from 6mm to 230mm and beyond if requested. Prodec range is available in grades 304L/4307, 316L/4404 and 303/4305 and 17-4PH. These are suitable for a variety of machining applications such as fasteners, valves, pressure fittings, nuts, bolts and screws, gears, shafts, and bearings.
   
   Outokumpu has a century of experience creating efficient, long-lasting, recyclable stainless steels. The company’s global offering includes quality-critical long products for heavy industries. Outokumpu Long Products sites are located in the UK, Sweden and the US, and are well known for high quality products, flexibility and world-class delivery performance.
   
   IMS is a distributor of carbon, alloy, stainless, engineering and tool steels located in several European countries. The IMS group is owned by the Jacquet Metal Service Group. IMS has operated more than 60 years in the steel industry and specialized in customized solutions in the field of stainless steel, steel and aluminum. IMS customers operate amongst others in the field of automotive, food, energy and machining industry.
   
   Sidenor is a steel company, leader in the European steel industry for the production of special steel long products, with production centers in Basque Country, Cantabria and Catalonia as well as business delegations in Germany, France, Italy and the UK. In the stainless steels portfolio Sidenor is focused on the production of hot rolled and peeled bars.
   
   Source : Strategic Research Institute
3. [verwijderd] 23 maart 2018 13:43

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   Outokumpu bijgetankt op 5,80 vandaag.
   
   Bij opening kwakte het onder de 6 trigger level en loopt nu gelukkig weer de 6,- op.
   
   Suc6
4. [verwijderd] 5 april 2018 16:14

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   waarschijnlijk is Trump vergeten dat er een import heffing nog doorgevoerd moet worden.
   
   Outokumpu Oyj
   Press release
   April 4, 2018 at 10.00 am EET
   
   Outokumpu wins a stainless steel rebar order for the Rodanthe bridge project in North Carolina, USA
   Outokumpu Long Products has won a contract to supply more than 2,500 metric tons stainless steel rebar to the Rodanthe Bridge project in North Carolina, USA. Deliveries will be started in Q2 2018 and continue through 2020.
   
   The contract is with Harris Rebar to supply domestic fabricated stainless steel rebar in grade XM-28 in sizes #4 through #9. This is the biggest order of domestic made rebar for Outokumpu in the US so far.
   
   This 2.4-mile bridge will ensure safe and reliable passage for travellers, as well as providing better traffic flows among Outer Banks’ communities, beaches, and protected areas. The bridge is planned to become operational in 2020.
   
   Head of Outokumpu Stainless Bar, Bob Beatty says: “The order is very significant for Richburg unit. We are excited to have been awarded this project and we are fully committed in working closely with Harris Rebar to ensure that we meet the quality, time and delivery requirements set by Department of Transportation in North Carolina. Stainless steel is the ideal material for infrastructure projects such as the Rodanthe Bridge due to its high corrosion resistance and low life-cycle costs.”
   
   Outokumpu has a century of experience creating efficient, long-lasting, recyclable stainless steels. Its global offering includes quality-critical Long Products for infrastructures. Outokumpu’s Long Products sites are located in the UK, Sweden and the US, all renowned for their high quality products, flexibility and world-class delivery performance.
   
   Read more about Outokumpu Long Products rebar offering at outokumpu.com/rebar.
   
   For more information: Corporate Communications, tel. +358 9 421 3840
   
   Outokumpu Group
   
5. [verwijderd] 5 april 2018 17:55

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   Dividendje is weer binnen voor Outokumpu.
   
   Ondanks een lage koers mogen we tevreden zijn.
   Geen inflatie angst of handels oorlog angsten
   
   Maar keiharde werkelijke euro dividendje voor 2017.
   
   
6. [verwijderd] 26 april 2018 15:45

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   Flink bijgekocht.
   
   Aandeel low op 5,08.
   1e KW resultaat binnen.
   133 mio eur.. ...is lager dan de eur 294 mio in 1e kw 2017 vanwege lage ferrochrome prijs.
   
   Vraag naar RVS was constant 1,671 mio (1,756 mio in 2017).
   
   Ik maak mij niet druk want onderliggende vraag die is er.
   
   Ik heb redelijk pluk binnengehaald.
   Koers zal zeker weer stabiliseren en pakken komende dagen weer 15% erbij.
   
   Als ze elk kwartaal 133 mio doen dan zitten we op 540 mio voor 2018 (663 mio in 2017).
   
   Is lager dan 2017, maar nog altijd zwarte cijfers en halve miljard winst is beter dan jaren verlies.
   
   Koers op 5,23...
   
   De druk van de ketel even weg.
   
   
7. voda 30 april 2018 17:06

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   Outokumpu announced Q1 results
   
   Outokumpu’s first quarter adjusted EBITDA of EUR 133 million was significantly lower compared to EUR 294 million in the first quarter of 2017. Profitability declined primarily due to the lower ferrochrome price and lower realized base prices in both Europe and the Americas. In addition, higher graphite electrode and other input costs of approximately EUR 20 million had a negative impact on profitability. The large negative impacts were partly offset by better cost efficiency, particularly lower SG&A costs. Other operations and intra-group items’ adjusted EBITDA of EUR 10 million (EUR -9 million) includes a EUR 12 million gain from emission allowance derivatives. Raw material-related inventory and metal derivative losses were EUR 5 million (gains of EUR 33 million).
   
   Mr Roeland Baan President & CEO said that “Our operational performance in the first quarter was solid delivery volumes were healthy, order intake was strong, and our adjusted EBITDA amounted to EUR 133 million. In Europe, our operational performance was robust, whereas development in the Americas was disappointing due to low realized pricing. Despite a seasonal increase in working capital, we maintained our net debt level below EUR 1.1 billion in the first quarter.”
   
   “The US steel tariffs are expected to come into force in the beginning of May. As negotiations around the effective implementation are still underway, markets have been roiled by the uncertainty this brings. One of the tangible effects has been an 8% increase of steel imports into Europe year on year. Consequently, the European Commission has started investigations on safeguard measures to protect the European steel market. In the US, steel tariffs have already led to higher base prices benefitting our business in the Americas going forward.”
   
   “In 2018, we are continuing to execute on our six must-win battles with a special focus on improving our delivery performance and efficiency. Despite the current uncertainty in the markets, the demand for stainless steel is expected to stay at healthy levels. With our strong product portfolio, solid balance sheet and dedicated workforce, we are confident that we will reach our 2020 vision.”
   
   Outlook for Q2 2018
   Underlying stainless steel demand is expected to remain healthy. Base prices are trending upward in the US, supported by steel import tariffs, whereas in Europe, higher Asian imports are expected to result in further pressure on base prices.
   
   The benefits from the higher ferrochrome price will be partly offset by a planned maintenance shutdown of one ferrochrome furnace.
   
   Stainless steel deliveries are expected to be relatively flat compared to the first quarter in all business areas. Outokumpu expects its second-quarter adjusted EBITDA to be at a similar level to the first quarter (Q1/18: EUR 133 million).
   
   Source : Strategic Reseafch Institute
8. [verwijderd] 15 mei 2018 17:24

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   Source
   Foxtv.com
   
   Outokumpu – Voluntary total redemption of rated senior secured fixed rate notes due in 2021
   
    Nasdaq NewsFeed
   
   6 days ago
   
   Outokumpu Oyj
   Stock exchange release
   May 9, 2018 at 3.00 pm EEST
   
   Outokumpu – Voluntary total redemption of rated senior secured fixed rate notes due in 2021
   
   Outokumpu Oyj announces that it will, subject to securing new financing, redeem in full its outstanding 7.250 percent rated senior secured fixed rate notes due in 2021 (ISIN FI4000210646, OUTJO72521) on the redemption date of June 18, 2018 in accordance with the terms and conditions of the notes. The notes are listed on the official list of Nasdaq Helsinki Ltd.
   
   The completion of the redemption is conditional on Outokumpu securing the availability of the new financing for at least EUR 150 million. Outokumpu will confirm the fulfilment of the new financing condition through a stock exchange release as soon as feasible after the availability of the new financing is confirmed and, in any case, no later than one business day prior to the redemption date.
   
   The current outstanding nominal amount of the notes is EUR 202.5 million. On the redemption date, Outokumpu will pay the holders of the notes a redemption price equal to 105.438 percent of the outstanding principal amount of each note and all accrued and unpaid interest on such principal amount in accordance with the terms and conditions of the notes.
   
   Formal notice of redemption will be delivered to the noteholders in accordance with the terms and conditions of the notes.
   
   For more information:
   
   
9. [verwijderd] 15 mei 2018 17:28

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   Afgelopen dagen stond de koers onder druk.
   
   Het aflossen van de note met een nieuwe herfinanciering van 150 mio zal de gemoederen bezig houden.
   
   
10. voda 16 mei 2018 16:50

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    Outokumpu acquires Fagersta Stainless wire rod mill in Sweden
    
    Outokumpu and Sandvik have signed an agreement for Outokumpu to purchase full ownership of Fagersta Stainless wire rod mill in Sweden. Fagersta Stainless is currently a 50/50 joint venture owned by Outokumpu and Sandvik Materials Technology. Fagersta Stainless is a leader in special stainless steel wire rod serving customers globally. In 2017, the company’s revenues were approximately EUR 150 million and stainless steel deliveries amounted to 52,000 tonnes. Fagersta’s product offering complements well Outokumpu’s ASR wire rod mill in Sheffield, UK, and Outokumpu plans to develop both units further to ensure continued offering of leading products and service to its wire rod customers globally.
    
    The cash consideration of the transaction is EUR 18 million. The transaction will be executed in two phases, so that Outokumpu’s ownership will increase to 90 per cent at the end of June 2018 and to 100 per cent at the end of 2019. The completion of the transaction is subject to customary closing conditions.
    
    Source : Strategic Research Institute
12. voda 17 mei 2018 19:53

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    Outokumpu antitrust investigation in Germany has been terminated
    
    In September 2016, Outokumpu learned of a cartel investigation initiated by the German Federal Cartel Office involving, among others, Outokumpu Nirosta GmbH, Outokumpu’s subsidiary in Germany. Outokumpu initiated, at that time, an internal investigation and became convinced that the official investigation is without merit, as far as Outokumpu is concerned.
    
    Outokumpu has received an official notification from the German Federal Cartel Office stating that the investigation against Outokumpu Nirosta GmbH has been terminated.
    
    Source : Strategic Research Institute
13. 0,0 18 mei 2018 09:15

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    quote:

    voda schreef op 16 mei 2018 16:50:

    Outokumpu acquires Fagersta Stainless wire rod mill in Sweden
    
    Outokumpu and Sandvik have signed an agreement for Outokumpu to purchase full ownership of Fagersta Stainless wire rod mill in Sweden. Fagersta Stainless is currently a 50/50 joint venture owned by Outokumpu and Sandvik Materials Technology. Fagersta Stainless is a leader in special stainless steel wire rod serving customers globally. In 2017, the company’s revenues were approximately EUR 150 million and stainless steel deliveries amounted to 52,000 tonnes. Fagersta’s product offering complements well Outokumpu’s ASR wire rod mill in Sheffield, UK, and Outokumpu plans to develop both units further to ensure continued offering of leading products and service to its wire rod customers globally.
    
    The cash consideration of the transaction is EUR 18 million. The transaction will be executed in two phases, so that Outokumpu’s ownership will increase to 90 per cent at the end of June 2018 and to 100 per cent at the end of 2019. The completion of the transaction is subject to customary closing conditions.
    
    Source : Strategic Research Institute
    

    Mooie aankoop, was natuurlijk al bekende business vanwege de JV. Dit is goed voor Long Products want die kunnen nu meer van hun productie vanuit Sheffield daar kwijt waardoor de capaciteit beter benut wordt.
    Hiervoor zal Fagersta ook de mogelijkheid hebben gehad om buiten OTK om te kunnen inkopen. Of in ieder geval deels, dat zal nu ophouden en wordt alles intern ingekocht. Is geen mega deal natuurlijk maar helpt wel om de meltshop capaciteit beter te benutten. Zeker in Sheffield is dat belangrijk want die is relatief klein en ook oud.
14. voda 6 juni 2018 19:39

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    Outokumpu India celebrates World Environmental Day
    
    India office of Finland based Outokumpu, leading stainless steel manufacturer celebrated World Environment Day with host of activities and pledge to promote sustainable solutions to make planet earth a cleaner and greener place as well as work towards achieving United Nations (UN’s) Sustainable Development Goal (SDG’s). Mr Yatinder Pal Singh Suri, Managing Director and Country head, Outokumpu India while speaking on the occasion said “Globally June 5th marks World Environment Day, the most recognized day for communal climate action. Coordinated by the United Nations (UN), the annual event encourages the celebration of environmentally sustainable solutions. This year India is hosting the global World Environment Day celebrations As a responsible corporation Outokumpu is committed and passionate about sustainable development, we take this opportunity to align with global sustainability efforts including meeting United Nations (UN) Sustainable Development Goals (SDG’s) to be met by the year 2030.”
    
    He said “Stainless steel is the key building block for a sustainable future. In order to strengthen this belief, Outokumpu has already incorporates the SDG’s into its business in a way that stays true to the company’s core identity. As the global leader of high performance stainless steel, Outokumpu is already aligned to achieve these goals. Stainless steel is the world’s most recyclable material, an indispensable material in industries such as solar power, green construction and low-carbon transportation. Sustainability is firmly integrated into Outokumpu’s business operations, from including the highest proportion of recycled content on the market in its products to keeping its supply chain pristine.”
    
    Mr Suri said “Outokumpu strongly believes that stainless steel is the key building block for a sustainable future, playing an important role in the sustainable development of global infrastructure. New business opportunities are emerging from humanity's growing demands for clean energy and pure water. Renewable energy solutions such as solar power, biofuels and wind energy require components and materials that can be sustainably sourced and yield low life cycle costs. Stainless steel is an optimal choice in such sectors.”
    
    Source : Strategic Research Institute
15. voda 14 juni 2018 17:03

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    Outokumpu introduces nickel-based alloy Ultra Alloy 825 to its product portfolio
    Steel News - Published on Thu, 14 Jun 2018
    Image Source: SteelGuru
    Outokumpu has announced an extension to its product portfolio. Outokumpu Ultra Alloy 825 is an austenitic nickel-based alloy with an addition of copper and titanium. It is primarily used for processing equipment in the chemical and oil and gas industries due to its exceptional corrosion resistance against some acids as well as under so-called “sour service” conditions, i.e. in the environments containing hydrogen sulfide. Ultra Alloy 825 fulfills the requirements of W.-Nr. 2.4858, UNS N08825 and ISO NW8825 in the relevant material standards. In addition to coil and sheet, Ultra Alloy 825 is also available as wire rod in our long products portfolio.
    
    Sandra Arman, Product Manager, Ultra range at Outokumpu said “Outokumpu stands out as the only major stainless steel company that can offer this nickel- based alloy in coils up to width of 1,500 mm, both hot and cold rolled. We are currently running qualification trials for quarto plate products and we target taking commercial pilot orders soon to expand our offering even further.
    
    Mr. Yatinder Suri, MD and Country Head, Outokumpu India said “This is yet another step towards corrosion mitigation by Outokumpu for the hostile industrial applications with improved metallurgy products. Innovations is an ongoing activity at Outokumpu and we have many milestone applications in India since 2006.”
    
    Applications for Ultra Alloy 825
    • Components in sour gas service
    • Offshore oil and gas piping systems
    • Equipment in petroleum refineries
    • Heating coils
    • Heat exchangers
    • Tanks
    • Scrubbers
    • Chemical processing equipment
    • Food process equipment
    • Nuclear industry equipment
    
    Chemical Composition
    

    Bijlage:
16. [verwijderd] 2 juli 2018 15:24

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    Hopelijk tikken ze 5,00 vlak vandaag.
    
    Dan heb ik weer wat bijgesprokkeld.
    
    Buy at dip
    
    Suc6.
    
    
17. [verwijderd] 24 juli 2018 13:48

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    APERAM GAAT IN DE SLIPSTREAM MEE.
    
    OUTOKUMPU HOGER + 5,45 %
    
    Outokumpu - Good performance in an adverse environment, Group adjusted EBITDA at EUR 136 million supported by record-high stainless steel deliveries
    Half-year financial report
    July 24, 2018 at 12.00 pm EEST
    
    Outokumpu – Good performance in an adverse environment, Group adjusted EBITDA at EUR 136 million supported by record-high stainless steel deliveries
    
    Highlights in the second quarter of 2018
    
    Stainless steel deliveries were 668,000 tonnes (625,000 tonnes)1.
    Adjusted EBITDA was EUR 136 million (EUR 199 million).
    EBITDA was EUR 136 million (EUR 209 million).
    Operating cash flow was EUR 71 million (EUR 150 million).
    Net debt increased to EUR 1,211 million (March 31, 2018: EUR 1,086 million).
    Gearing was 45.1% (March 31, 2018: 40.9%).
    Return on capital employed (ROCE) was 5.5% (March 31, 2018: 7.2%).
    Highlights in the first half of 2018
    
    Stainless steel deliveries were 1,312,000 tonnes (1,264,000 tonnes).
    Adjusted EBITDA was EUR 269 million (EUR 493 million).
    EBITDA was EUR 276 million (EUR 518 million).
    Operating cash flow was EUR 110 million (EUR 97 million).
    Net result was EUR 74 million (EUR 291 million).
    1 Figures in parentheses refer to the corresponding period for 2017, unless otherwise stated.
    Q2/2018 compared to Q2/2017
    
    Outokumpu’s sales increased to EUR 1,883 million (EUR 1,657 million). The second-quarter adjusted EBITDA of EUR 136 million was significantly weaker than EUR 199 million in the second quarter of 2017. Lower European base prices, higher input costs and steep increases in the cost of truck freight in the Americas led to decreased profitability. The result was further negatively impacted by lower ferrochrome price. The record-high stainless steel deliveries had a positive impact on profitability supported by improved cost efficiency in all business areas. Raw material-related inventory and metal derivative gains were EUR 1 million (losses of EUR 9 million). Other operations and intra-group items’ adjusted EBITDA increased to EUR 5 million (EUR -11 million) mainly due to gains from currency and other derivatives.
    
    H1/2018 compared to H1/2017
    
    During the first half of 2018, Outokumpu’s sales increased to EUR 3,553 million (H1/17: EUR 3,413 million). Adjusted EBITDA declined to EUR 269 million (H1/17: EUR 493 million) primarily driven by significantly lower ferrochrome price, as well as lower base prices in Europe. In addition, the input cost pressure has increased substantially compared to the previous year. These large negative impacts were partly offset by improved cost efficiency and higher stainless steel deliveries. Raw material-related inventory and metal derivative gains were EUR 25 million compared to losses of EUR 4 million in the first half of 2017. EBIT was EUR 176 million (H1/17: EUR 407 million) and net result amounted to EUR 74 million (H1/17: EUR 291 million).
    
    
18. [verwijderd] 25 juli 2018 08:15

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    Van 4,95 voor de cijfers naar 5,498
    
    Een mooie rit.
    
    Hopelijk vandaag verder naar boven of gaan we cashen.
    
    Suc6
    
19. voda 26 juli 2018 11:27

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    Outokumpu announces Q2 and H1 results
    
    Outokumpu’s sales increased to EUR 1,883 million (EUR 1,657 million). The second-quarter adjusted EBITDA of EUR 136 million was significantly weaker than EUR 199 million in the second quarter of 2017. Lower European base prices, higher input costs and steep increases in the cost of truck freight in the Americas led to decreased profitability. The result was further negatively impacted by lower ferrochrome price. The record-high stainless steel deliveries had a positive impact on profitability supported by improved cost efficiency in all business areas. Raw material-related inventory and metal derivative gains were EUR 1 million (losses of EUR 9 million). Other operations and intra-group items’ adjusted EBITDA increased to EUR 5 million (EUR -11 million) mainly due to gains from currency and other derivatives.
    
    Highlights in the second quarter of 2018
    Stainless steel deliveries were 668,000 tonnes (625,000 tonnes)1.
    Adjusted EBITDA was EUR 136 million (EUR 199 million).
    EBITDA was EUR 136 million (EUR 209 million).
    Operating cash flow was EUR 71 million (EUR 150 million).
    Net debt increased to EUR 1,211 million (March 31, 2018: EUR 1,086 million).
    Gearing was 45.1% (March 31, 2018: 40.9%).
    Return on capital employed (ROCE) was 5.5% (March 31, 2018: 7.2%).
    
    During the first half of 2018, Outokumpu’s sales increased to EUR 3,553 million (H1/17: EUR 3,413 million). Adjusted EBITDA declined to EUR 269 million (H1/17: EUR 493 million) primarily driven by significantly lower ferrochrome price, as well as lower base prices in Europe. In addition, the input cost pressure has increased substantially compared to the previous year. These large negative impacts were partly offset by improved cost efficiency and higher stainless steel deliveries. Raw material-related inventory and metal derivative gains were EUR 25 million compared to losses of EUR 4 million in the first half of 2017. EBIT was EUR 176 million (H1/17: EUR 407 million) and net result amounted to EUR 74 million (H1/17: EUR 291 million).
    
    Highlights in the first half of 2018
    Stainless steel deliveries were 1,312,000 tonnes (1,264,000 tonnes).
    Adjusted EBITDA was EUR 269 million (EUR 493 million).
    EBITDA was EUR 276 million (EUR 518 million).
    Operating cash flow was EUR 110 million (EUR 97 million).
    Net result was EUR 74 million (EUR 291 million).
    1 Figures in parentheses refer to the corresponding period for 2017, unless otherwise stated.
    
    Outokumpu President & CEO Roeland Baan said “Despite market volatility and the global uncertainty created by the US steel tariffs, we maintained our market position and financial performance during the second quarter. Our adjusted EBITDA amounted to EUR 136 million supported by record-high stainless steel deliveries. Business area Americas’ result improved as expected, and business area Europe was able to maintain its good performance in a challenging market environment with unprecedented price pressure.
    
    The impacts of the US steel tariffs implemented in early May have been two-fold. On the downside, we have witnessed surging imports to Europe resulting in heavy price pressure while in the Americas, base prices have risen throughout the spring benefiting local manufacturers including us. The provisional safeguard measures imposed by the European Commission as of July 19 are a logical reaction to restore balance in the European steel markets and stem the flow of low-priced steel imports. We expect the provisional safeguards to be commuted into permanent safeguards within the next 200 days.
    
    We are halfway through our journey to become the best value creator in stainless steel. Despite substantial market headwinds during the past months, we delivered one of our strongest quarters in our history. This development highlights the significant progress we have made to achieve our 2020 targets.”
    
    Source : Strategic Research Institute
20. voda 27 juli 2018 09:29

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    Stainless steel continuous slab caster modernized by Primetals Technologies started up at Outokumpu in Finland
    
    In December 2017, the stainless-steel continuous slab caster modernized by Primetals Technologies was started up at Outokumpu’s production site in Tornio, Finland. The aims of the project were to increase the annual production capacity of slabs and to enable thicker slabs of austenitic grades to be cast at high speed. This involved the machine head of the casting plant to be modified to cast slabs with a thickness of 200 millimeters, and the necessary adaptations were also made in the bending section and to the dummy bar system. The order was awarded to Primetals Technologies in the second quarter of 2017.
    
    Outokumpu is one of the world's leading stainless steel producers with the widest product portfolio in the industry. The company’s products are used in the civilization’s basic structures and its most famous landmarks as well as products for households and various industries. Primetals Technologies installed the initially stainless steel continuous slab caster, together with an electric arc furnace and an AOD converter, in 2002. Until now, the continuous slab caster has produced slabs in widths from 800 to 1,650 millimeters, with a thickness of 185 millimeters. The caster is also equipped with a range of modern technology packages. For example, the world's first DynaGap Soft Reduction system was installed here in a continuous slab caster for stainless steels.
    
    Primetals Technologies modernized the machine head to enable slabs to be cast with a thickness of 200 millimeters and so to raise the production capacity. The Smart Mold was equipped with new narrow faces, including lateral foot rollers and a new cover. The bending section was fitted with shims suitable for the new slab thickness and the dummy bar system was also adapted. The existing Dynacs cooling model was parameterized for the new casting thickness. The LevCon mold level control was already upgraded in 2016 to include a function to minimize bulging in order to meet higher demands in the future.
    
    Source : Strategic Research Institute
21. [verwijderd] 19 september 2018 17:43

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    Source
    Metal bulletin 18.9.18
    
    Koers loopt op naar 5,28... leuke rebound
    
    MB STAINLESS HELSINKI: EU flat stainless prices ‘to stabilize’ once import quota is filled
    
    European domestic stainless steel prices are likely to stabilize as the EU safeguard quota for stainless steel imports is taken up, according to Roeland Baan, ceo of Finnish stainless steelmaker Outokumpu.
    
    Speaking at the Metal Bulletin and Steel & Metals Market Research (SMR) stainless steel conference in Helsinki, Finland on Tuesday September 18, Baan was referring to the quotas introduced by the European Commission in July.
    
    To block materials redirected from the US after its imposition of Section 232 import tariffs on steel, the European Commission imposed preliminary safeguard measures in the form of a Tariff Rate Quota (TRQ) for imports of 23 steel product types on July 19. Tariffs of 25% will only be imposed once the individual product quotas are filled.
    
    Around 52,065 tonnes or 10.93% of the EU safeguard quota for cold-rolled stainless steel sheets and strips had been filled as of Tuesday September 18, according to the EU tariff quota consultation database. The quota total for this product type is 476,161 tonnes.
    
    Around 4,865 tonnes are waiting to be allocated to the quota.
    
    “Until now, the effect [of the safeguard] has been zero [because] material already on the water was exempt on arrival [in Europe],” Baan said.
    
    Import delivery times from Asia are around two to three months, so the impact on the percentage of the quota filled will be much stronger in the coming months, one market participant said on the conference sidelines.
    
    “The market share of stainless steel imports in Europe has risen recently to around one-third, up from 26%, and we have seen pricing drop [by] between 20% and 25%,” Baan said.
    
    Metal Bulletin’s weekly domestic base price assessment for 2mm, grade-304 cold-rolled (CR) stainless steel sheet in Northern Europe was €970-1,020 ($1,131-1,189) per tonne delivered on Friday September 14, down sharply from €1,060-1,130 per tonne at the beginning of 2018.
    
    Grade-304 CR sheet has been offered in recent weeks from stock at transaction prices around €2,300-2,350 per tonne delivered, compared with €2,473-2,543 per tonne when combining the base price with September’s alloy surcharge.
    
    Imports of flat stainless products continued to increase in the first half of 2018, rising by 12.5% to reach a market share of 29%, up from 26% in the first half of 2017, Spain-based stainless steel producer Acerinox said on August 2.
    
    “We should see a significant drop in the market share of imports, down to 22-23%, compared with around one-third now [once the quota is filled],” Baan said.
    
    “At that point, the import price will also be around €500 per tonne more expensive [because of the 25% duty],” he added.
    
    The EU safeguard measures are unlikely to be lifted if the US decides to remove the 25% duty on steel imports of EU-origin, because “the reasoning for the safeguard was to block [steel redirected] from the US, which will still happen for volumes from other countries affected by the Section 232 duties,” Baan said.
    
    Baan added that he hoped to see final EU safeguard measures announced in November.