Steel Product News

India's steel exports more than doubled between April and July to hit their highest level in at least six years, boosted by a surge of Chinese buying in defiance of tensions between Beijing and New Delhi.Traders said reduced prices had driven the purchases as Indian sellers sought to get rid of a surplus generated by the impact of COVID-19 on domestic demand and generate much-needed income.It was unclear whether the sales broke any trade rules, but the China Iron and Steel Association…

Drewry maintains a positive outlook on the dry bulk market and expects charter rates to improve from current levels, driven by moderate increases in vessel demand and low growth in vessel supply as a result of restrained new ordering and a thin orderbook, according to the latest edition of the Dry Bulk Forecaster, published by global shipping consultancy Drewry.The uncertainty surrounding the dry bulk market, driven by trade wars could, nonetheless, slow down the increase in charter rates. A game of tariffs and counter- tariffs is underway with US at the centre of most of the tussles and it seems unlikely that trade wrangles will end soon.But trade wars might not have a direct negative impact on dry bulk trade.

Marine Jet Power (MJP) has unveiled its latest advancement in waterjet technology, the X Series, at the SeaWork International exhibition in Southampton, UK. Featuring the latest advancements in waterjet propulsion, the X Series is the culmination of precision engineering and years of experience creating stainless steel mixed flow propulsion solutions. The new range of waterjets capitalize on MJPs successful duplex steel product line by offering a highly efficient, highly durable product at a much lower price point. The unique technology behind the X Series reduces power demand by up to 20 percent and can reduce weight by up to 10 percent compared to axial flow jets.

Waterjet propulsion specialist Marine Jet Power (MJP) said its plans to roll out its new X Series range of waterjets at the upcoming SeaWork Exhibition.MJP said the new range of waterjets capitalize on its duplex steel product line by offering an efficient, durable product at a much lower price point. Additionally, the new jets have been designed for easy installation, maintainability in the field and feature advancements in steering and maneuverability with improved reversing and stopping characteristics.“The X Series is the result of the ambition to create the highest performing, most efficient waterjet on the market,” said Magnus Sörenson, MJP CEO.

The dry bulk commodity imports into and exports out of China we have seen in the first half of 2016 are very positive – and nothing short of extraordinary, says BIMCO. But, putting it into perspective, compared to the devastating freight rate levels over the same period, it highlights that something is very wrong in the dry bulk market. The market is nowhere near balanced. BIMCO’s data on seaborne iron ore imports into China, shows a growth of 9.6% for H1-2016 as compared to H1-2015. With seaborne coal volumes shipped into China during H1-2016 being on par with H2-2015, this represents a 5.0% growth on H1-2015. A continued surge in thermal coal imports seems limited…

Global maritime software, services and data analysis company NAPA announced the release of new tools and interfaces with class society software to streamline ship design compliance with Common Structural Rules for Bulk Carriers and Oil Tankers (CSR BC&OT; formerly known as “harmonized CSR”) from the International Association of Classification Societies (IACS). Updates to 3D structural design software, NAPA Steel, and the release of state-of-the-art geometry modeling tool, NAPA Designer, will deliver a shift from 2D to 3D design requirements.

China's power output, a bellwether for economic activity, posted its first annual decline in more than four years in August, adding to evidence that the world's second-largest economy is losing momentum after a brief rebound in the second quarter. Power output in the world's top consumer fell 2.2 percent to 495.9 billion kilowatt hours (kWh) in August from a year earlier, data showed on Saturday. While the annual fall was in part due to the high reading last summer, when many cities were struck by a record heat wave, overall electricity production also posted its first fall in three months - a sign of slackening demand from major industrial users.

Total 2013 throughput at Marseilles Fos confirmed containers, steel industry bulks, LNG and cruise traffic as the growth drivers at the French port. In contrast, a mounting decline in crude oil and petroleum volumes pegged overall cargo to 80 million metric tons for the year, down 7% on 2012. Oil and gas still accounts for more than half the cargo handled at one of the world’s biggest oil ports, but volumes have been eroded by the restructuring of Europe’s refinery industry. At just over 46MT, last year’s oil and gas total was 12% and some 5MT lower than in 2012 and 13MT worse than in 2011.

Ruukki can now supply steels for all applications requiring wear-resistant special steels. Ruukki Raex special steel can withstand wear and surface pressure and the range has now been expanded to include the thicker wear-resistant steels needed, for example, in the mining industry, Raex said. Raex special steel is made in a range of thicknesses from two-80 mm. The new thicker Raex wear-resistant steels up to 80 mm can be used, among other things, to manufacture parts for heavy machinery and equipment designed for excavation, loading, transporting and crushing ore in mines.

Winland Ocean Shipping Corp., a global shipping Company, announced a new US$ 2.88 Million Contract to transport steel product from the Black Sea to Far East. To better fulfill the demand of the cargo owner, the company chartered in a 57,000 DWT bulk cargo vessel from a European ship owner to carry the contracted cargo, it took less than two month to carry out the contract and earned US$ 2.88 Million in revenue. "We are very pleased to enter this contract in such a market downturn," Ms. Xue Ying, CEO, said. "Shipping capacity has continued to increase in recent years while cargo transportation demand is still depressed. The signing of this contract reflects our high-level operation and wide client base.

Steel exports to the USA accounted for just over 2.5 per cent of Rautaruukki's turnover in 2001. The Group supplied a total of some 4.7 million tonnes of steel last year, and just over 80,000 tonnes of this went to the USA. The US decision to impose tariffs on steel imports will not therefore have a major direct impact on Rautaruukki's business operations. Rautaruukki has alternative plans for sales to compensate for the exports to the USA. It is thought that the impact of the US decision to impose import tariffs, which was widely anticipated by the steel markets, has already been passed on to steel prices, which are low, at the end of 2001 and the start of this year. For that reason the US decision is not expected to have any major impact on product prices in Europe.

With global steel demand running at an unprecedented level, rapidly rising prices have been a constant headache for ship repairers, as well as ship builders, in recent months. And despite sharply higher steel output, there is little sign of any softening as the New Year dawns. According to the International Iron and Steel Institute (IISI), crude steel production for the 62 countries reporting their figures was 945m tonnes by the end of November, up 9% on the corresponding period one year earlier. Analysts were expecting total production to break through the billion tonne mark easily by the end of the year for the first time ever. IISI figures show that China accounted for the largest increase in output.

The European Union has told China that it will face a growing threat of trade penalties unless it curbs breakneck capacity expansion in steel and shipbuilding, EU diplomats said on Tuesday. The diplomats said EU Industry Commissioner Guenter Verheugen had delivered the warning during a round of high-level meetings in Beijing. They said feelings were running high over the two sectors because steel was an important industry in nearly all of the EU's 27 member states and because the EU's own shipbuilding industry had just been through a painful round of consolidation. An EU spokesman in Beijing, Michael Jennings, said later that Verheugen strongly distanced himself from any suggestion that the EU was close to initiating any measures on steel or shipbuilding.

Coast ports. designer, and builder alike. by Robert Allan Ltd. in Rainier, Oregon. The tug is essentially identical to her cousin Mikioi, delivered in 2004. feedback from crews on Mikioi. casings, vent intakes, and a small day-room and lavatory for the crew. illustrated on the General Arrangement Drawing attached. In addition to the overall contract design package, Robert Allan Ltd. the complete production engineering package for the shipyard. this series of tugs was developed in ShipConstructor software, and used for NC cutting of all steel parts.

Astilleros Españoles Sestao and Juliana yards have delivered the first two vessels of an inventive series of six stainless steel product/chemical carriers, Stolt Sea and Stolt Sun, both of which have joined the fleet of Stolt Parcel Tankers - the world's largest operator of its kind. One of the most outstanding features of the series of ships are their capability of simultaneously carrying a wide variety of cargoes. Made possible by an extremely compartmentalized cargo arrangement, the ships can carry up to 700 different types of cargoes -- from fruit juice to propylene oxide - without risk of polluting each other. This flexible cargo section is divided into 36 integral tanks and four deck tanks…

Astilleros Españoles Sestao and Juliana yards have delivered the first two vessels of an inventive series of six stainless steel product/chemical carriers, Stolt Sea and Stolt Sun, both of which have joined the fleet of Stolt Parcel Tankers — the world's largest operator of its kind. One of the most outstanding features of the series of ships is their capability of simultaneously carrying a wide variety of cargoes. Made possible by an extremely compartmentalized cargo arrangement, the vessels can carry up to 700 different types of cargoes — from fruit juice to propylene oxide — without risk of polluting each other. This flexible cargo section is divided into 36 integral tanks and four deck tanks…