Marine Link
Monday, April 23, 2018

Steel Industry News

Pakistani Ship breakers Lauds 15% Duty on Import

Courtesy: NGO Shipbreaking Platform

Welcoming the latest policy, Ship breakers in Pakistan defended the imposition of 15% Regulatory Duty (RD) on the import of all steel billets, steel bars and wire rods. Describing the step as much needed and timely, the Pakistan Ship-Breakers Association (PSBA) lauded the imposition of RD. "The Pakistan Ship breakers Association salutes the Government of Pakistan for this bold move which has helped save hundreds of thousands of jobs as well as the local steel industry," it said in a statement.

Great Lakes Iron Ore Surges Again in April

The Great Lakes iron ore trade continued to strengthen in April in response to growing demand for steel. Shipments from U.S. and Canadian Lakes and Seaway ports totaled 5.4 million net tons, an increase of 146% to a year ago. April loadings also bettered the month’s 5-year average by nearly 5%. Rebounding steel production is driving the Lakes iron ore trade. As April began, the steel industry was using 70.8% of its capacity, and by month’s end, had worked up to 72.5% of capacity. In April 2009, the steel industry had but 41% of its capacity on line. Another positive indicator is that the 1.6 million tons of iron ore shipped from Two Harbors, Minnesota, in April is one of the highest monthly totals for a Great Lakes iron ore dock in the past several years.

Steel Industry Presses for an End to Unfair Trade

Mario Longhi

Today, United States Steel Corporation President and CEO Mario Longhi joined fellow steel industry executives and Leo Gerard, international president of the United Steelworkers, in pressing Congress to maintain America’s economic and national security by halting unfair trade practices and enforcing the country’s trade laws. Longhi encouraged action against illegal dumping of Oil Country Tubular Goods by South Korea and others who threaten American jobs, infrastructure and our national security.

U.S.-Flag Cargo Trends

U.S.-flag Great Lakes freighters carried 10 million tons of dry-bulk cargo in June, an increase of 5.2 percent compared to May, but a decrease of 3.3 percent compared to a year ago. The June “float” was also 3.9 percent below the month’s 5-year average. Iron ore cargos for the steel industry have increased by 12.2 percent over the past year. Coal for power generation and steel production fell by 25.3 percent. Aggregate and fluxstone for the construction and steel industries slipped by 7.2 percent. Through June, U.S.-flag cargos stand at 33.7 million tons, an increase of 2.4 percent compared to the same point in 2010. Iron ore has increased 7.6 percent, but coal and limestone are down by 2.8 percent and 4.9 percent respectively.

Langh Ship and MacGREGOR Give Presentation

Boxship 2003 focused on operating, designing and securing containerships. Among the invited lecturers were Hans Langh, CEO of Oy Langh Ship Ab, and Kim Olin, naval architect from MacGREGOR (FIN) Oy, who gave a presentation on innovative transport solutions for steel products. Developed and patented by Langh Ship, these transport solutions for the steel industry are marketed and sold together with the company’s close and long-standing partner, MacGREGOR (FIN) Oy. “We really appreciate this opportunity to present Langh Ship Cargo Solutions to the delegates of this international conference, as well as the feedback that we have received” Hans Langh and Kim Olin say.

ESAB Seismic Certified Filler Metals

ESAB Welding & Cutting Products offers a range of welding filler metals for the structural steel industry, including a complete range of Seismic Certified filler metal solutions from Atom Arc, Coreshield, Dual Shield and Spoolarc (with OK Sub-arc Fluxes). A newly released guide outlines the many products available. Seismic Certified products are tested in accordance with the new AWS ‘D’ designator requirements as specified in AWS A5.20. ESAB also offers technical expertise to determine and execute the best solution for a seismic application, from material testing to development of weld procedures to on-time delivery of products to achieve project goals quickly.

April U.S.-Flag Lakes Float Little Changed from a Year Ago

U.S.-flag Great Lakes freighters (“lakers”) carried 8.2 million tons of dry-bulk cargo in April, a virtual repeat of a year ago, and 2.7 percent better than the month’s 5-year average. Iron ore cargos for the steel industry registered a modest increase compared to a year ago. Coal for power generation and steel production dipped 16.5 percent. Aggregate and fluxstone for the construction and steel industries rose by more than 14 percent. Through April U.S.-flag cargos stand at 14.6 million tons…

US Says China to Scrap Some Export Subsidies

China has agreed to scrap export subsidies on a range of products from metals to agriculture and textiles, the United States said on Thursday, in a step by Beijing to reduce trade frictions with Washington. China is to end a program known as its "demonstration bases-common service platform," which provides export subsidies to Chinese companies in seven economic sectors, the U.S. trade representative's office said. Some industry figures were skeptical about the deal's impact, especially regarding steel, which has been a flashpoint with Chinese overcapacity pressuring U.S. suppliers. One source knowledgeable about the agreement said it was not comprehensive enough to do much to help the U.S. steel industry, given its focus was only on specialty products.

Frank Armitt & Son Announces Online Stock Reporting System

Runcorn based shipping agent Frank Armitt & Son announced the launch of their new website which provides the North West Steel Trade with an innovative steel freight management system. The new online reporting system offers suppliers and companies in the steel industry the ability to manage their imported materials online using Armitt’s Steel Management Portal which is accessible through their new website. Customers can log in to the portal at their convenience to monitor the warehousing and delivery status of their imports.

B&N Nordsjöfrakt Buys Additional Ships in China

The B&N Nordsjöfrakt shipping group signed an agreement withv the Chinese trading house Xiamen C&D and the Mawei Shipyard covering the delivery of a new vessels for shipments for the forestry and steel industries. The ship will be placed in traffic in the North Atlantic. The new vessel is of the same type as B&N's Norön ship, which was delivered by the same shipyard earlier this year. Delivery is scheduled for the first quarter of 2003. B&N holds an option for an additional ship.

Great Lakes Iron Ore Dips in Oct

Iron ore shipments on the Great Lakes totaled 5.7 million net tons in October, a slight decrease from both a year ago and the month’s 5-year average. Shipments from Canadian Seaway ports reacted much quicker to the downturn in steel production, falling some 32 percent from a year ago. U.S. ports actually outperformed a year ago, but shipments did start to fall off in the final week of October. For the year, the Great Lakes iron ore trade stands at 51.2 million net tons, an increase of 8 percent compared to both a year ago and the 5-year average for the January-October timeframe. However, the capacity utilization rate in the steel industry has fallen to 65 percent and steel mill shipments are now below last year’s year-to-date level…

U.S.-Flag Lakers' Cargo Up Nearly 4 Percent in August

U.S.-flag Great Lakes freighters (“lakers”) carried 10.4 million tons of dry-bulk cargo in August, a decrease of 6.6 percent compared to July, but an increase of 3.7 percent compared to a year ago. The August “float” was also largely in line with the month’s 5-year average. Iron ore cargos for the steel industry increased 8 percent compared to a year ago. Limestone cargos for construction, steel production, and environmental uses jumped almost 21 percent, but coal for power generation and steel production slumped again…

U.S.-Flag Lakers' September Cargo Up 7.6 PCT

U.S.-flag Great Lakes freighters (“lakers”) carried 10.1 million tons of dry-bulk cargo in September, a decrease of 2.7 percent compared to August, but an increase of 7.6 percent compared to a year ago. The September float was also virtually tied with the month’s 5-year average. Iron ore cargos for the steel industry increased 16.3 percent compared to a year ago. Limestone cargos for construction, steel production, and environmental uses rose almost 5 percent, but coal for power generation and steel production was largely unchanged from a year ago.

U.S.-Flag Lakers' October Cargo Up 3 PCT

U.S.-flag Great Lakes freighters (“lakers”) carried 9.8 million tons of dry-bulk cargo in October, a weather-driven decrease of 3 percent compared to September, but an increase of 3.2 percent compared to a year ago. The October float was 5 percent below the month’s 5-year average, but the decrease partially reflects the significant weather-related delays the fleet experienced. Iron ore cargos for the steel industry increased 12.8 percent compared to a year ago. Limestone cargos for construction…

St. Lawrence Seaway Welcomes New Board Member

The St. Lawrence Seaway Management Corporation (SLSMC) is pleased to announce the appointment of Mr. James (Jim) Wilson to its Board for a three year term beginning January 27, 2012, as the representative for the steel and iron ore industries. Mr. Wilson currently serves as General Manager, Raw Materials, for ArcelorMittal Dofasco Inc. and has over 40 years’ experience within the iron ore and steel industries, spanning roles in research, production, and purchasing. A graduate of McMaster University, his career encompasses a diverse range of progressively more senior assignments. He has served as a Director and President of Wabush Resources Inc. and as a Director for both the Arnaud Railway and the Wabush Lake Railway. Mr.

Tata Steel to Sell Entire UK Operation

Britain's largest steelmaker Tata Steel Ltd is expected to announce the sale of its entire UK business, BBC reported citing union sources.   Tata Steel's decision was made at Tuesday's board meeting in Mumbai, BBC said.   Britain's steel industry has been struggling since European Union steel prices hit their lowest since 2004.   Earlier in January, Tata Steel said it would cut 1,050 UK jobs including 750 jobs at Port-Talbot-based operations in Wales.   About 4,000 British steel jobs were lost in October 2015 alone, equivalent to about a fifth of the sector's workforce.     (Reporting by Sangameswaran S in Bengaluru; Editing by Bernard Orr)

U.S. Lakers' November Cargo Up 12 PCT

U.S.-flag Great Lakes freighters (“lakers”) carried 10 million tons of dry-bulk cargo in November, an increase of 2.4 percent compared to October, and an increase of 11.9 percent compared to a year ago. The November float was also 3.8 percent above the month’s 5-year average. Iron ore cargos for the steel industry increased 14 percent compared to a year ago. Limestone cargos for construction, steel production, and environmental applications jumped more than 20 percent, but coal was essentially unchanged from a year ago.

U.S.-Flag Lakers' 2011 Cargo Up 5.75 PCT

U.S.-flag Great Lakes freighters (“lakers”) carried 93.8 million tons of dry-bulk cargo in 2011, an increase of 5.75 percent compared to 2010. The 2011 “float” was also just about on par with the fleet’s 5-year average. Iron ore cargos for the steel industry increased 12.4 percent compared to a year ago and outperformed their 5-year average by 12.7 percent. Coal loadings slipped by 6 percent compared to 2010, and even more – 14 percent – compared to the trade’s 5-year average. Limestone cargos rebounded by a million tons, or 5 percent compared to 2010.

U.S.-Flag Lakes Float Down 5.1 Percent in July

Photo: A Great Lakes stone carrier (courtesy LCA)

U.S.-flag Great Lakes freighters (“lakers”) carried 10.5 million tons of dry-bulk cargo in July, an increase of 6.6 percent compared to June, but a decrease of 5.1 percent compared to a year ago. The July float was, however, just marginally below the month’s 5-year average. Iron ore cargos for the steel industry in July totaled 4.3 million tons, a decrease of nearly 18 percent compared to a year ago. Coal cargos fell by almost 23 percent. Aggregate and fluxstone for construction and steelmaking rose more than 35 percent to 3,840,596 tons.

U.S.-Flag Lakes Float Down

U.S.-Flag Lakes Float Down 8.6 Percent in August. U.S.-Flag Great Lakes freighters (“lakers”) carried 9.5 million tons of dry-bulk cargo in August, a decrease of 10.1 percent compared to July, and 8.6 percent less than the volume recorded a year ago. The August float was also 7 percent below the month’s 5-year average. Iron ore cargos for the steel industry in August totaled 4.5 million tons, a decrease of 5.2 percent compared to a year ago. Coal cargos fell to 1.7 million tons, or almost 20 percent compared to August 2011.

US-Flag Lakes Float Down 6% in September

Great Lakes Stone Carrier: File Photo

US-flag Great Lakes freighters (Lakers) carried more cargo compared to August 2012 but less than the volume recorded a year ago. The Lake Carriers' Association report an increase of 20,579 tons compared to August, but 6 percent less than recorded volume a year ago. The September float was also 2.2 percent below the month’s 5-year average. Iron ore cargos for the steel industry totaled 4,351,654 tons in September, a decrease of 5.1 percent compared to a year ago. Coal cargos fell to 2.1 million tons, or almost 11 percent compared to September 2011.

U.S.-Flag Laker Cargos Down 8.7 Percent

U.S.-flag Great Lakes freighters (“lakers”) carried 9.2 million tons of dry-bulk cargo in November, a 6.6 percent increase over October’s total that was noticeably impacted by Hurricane Sandy. However, compared to a year ago, the U.S.-flag float was down by almost 9 percent. November’s loadings were also 4 percent below the month’s 5-year average. Iron ore cargos for the steel industry totaled 4.1 million tons in November, a decrease of 11.8 percent compared to a year ago. At 2.3 million tons…

U.S.-Flag Lakers Start 2010 Strong

A rebounding steel industry has helped the U.S.-Flag Great Lakes fleet get off to a positive start in 2010. Cargo moved in U.S.-Flag lakers in January totaled 2.4 million tons, an increase of 156 percent compared to a year ago. The bulk of those cargos was iron ore for steel production. Shipments topped 1.8 million tons, an increase of 196 percent compared to the corresponding period last year. There has been a steady increase in operating rates at the nation’s steel mills, and most of the iron ore consumed at domestic mills is shipped on the Great Lakes. Coal cargos also registered a significant increase. The 495,000 tons carried in January represent an increase of 65 percent. The fleet is now in winter lay-up.

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