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Droopymaes
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Randinfo, maar wel nuttig:

Upcoming Biden inauguration sparks unease over steel regulations
As the inauguration of president-elect Joe Biden draws inexorably near, steel players speculate on what the medium-term challenges - or opportunities - will be for steel, Kallanish reports.
“The very next concern is what the next administration will do,” says a Midwest flat-rolled buyer. “Tariffs, allowing foreign steel on infrastructure jobs, and filing excessive regulatory paperwork for these jobs. I hope we don’t get crushed by political bull crap that can dampen our improving economy.”
An energy tube trader on the Gulf Coast believes that Biden’s Democratic administration will mean more government intervention throughout the supply chain, to the detriment of business.
“History documents that if the government stays out of the way of businesses, they grow and people work,” he says.
As for the unrest that rocked Washington, DC, last week, which culminated in the sacking of the US Capitol, the trader says it will only get worse. Biden won the election, he says, but by a relatively thin margin. President Donald Trump’s supporters are likely to hit back hard at the polls for the midterm elections in 2022.
“Seventy-four million Trump voters and others will find out that the Democrats didn’t cure cancer, get us 100% employment, save all the trees and make everything free for everybody,” he says. “They’ll vote them in charge out.”
Early this week, a coalition of US trade groups petitioned Biden to keep President Trump's signature Section 232 tariffs intact, citing the on-going need to protect the US steel industry from global overcapacity.







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Droopymaes
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ArcelorMittal reveals Ilva's new industrial plan
The new industrial plan for the relaunch of former Italian steelmaker Ilva involves an investment of €310 million ($377m) in 2021. It includes the remaking of blast furnace no.5, which has been idled since 2015, and a production ramp-up from the current 3.3 million tonnes/year to 5m t/y in 2021, Kallanish learns from unions.
In a meeting with unions at national trade association Confindustria’s offices in Rome, the new Ilva shareholders, Invitalia and ArcelorMittal Italia, presented a draft of the industrial plan.
The new plan that covers the period 2021-2025 includes the construction of an electric arc furnace. Production will be increased gradually from 5mt this year to 8mt in 2025. Each year from 2022 will see an investment of slightly over €400m, apart from the €300m that will be invested in 2025, sources confirm.
This year, blast furnace no.1 will work at 100% capacity, BF no.2 will be restarted next month and will run at 90% capacity, and BF no.4 will run at 85% capacity. Meltshop no.1 will be restarted on 15 January. However, meltshop no.1 and BF no.4 will be idled in March and April for maintenance works.
In December 2020 ArcelorMittal signed a binding agreement with Invitalia, the Italian state-owned company investing in Ilva. The parties have formed a public-private partnership.

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Droopymaes
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Berichten: 471
Lid geworden op: 23 apr 2020 13:51
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Re: ArcelorMittal

Bericht door Droopymaes »

ArcelorMittal reveals Ilva's new industrial plan
The new industrial plan for the relaunch of former Italian steelmaker Ilva involves an investment of €310 million ($377m) in 2021. It includes the remaking of blast furnace no.5, which has been idled since 2015, and a production ramp-up from the current 3.3 million tonnes/year to 5m t/y in 2021, Kallanish learns from unions.
In a meeting with unions at national trade association Confindustria’s offices in Rome, the new Ilva shareholders, Invitalia and ArcelorMittal Italia, presented a draft of the industrial plan.
The new plan that covers the period 2021-2025 includes the construction of an electric arc furnace. Production will be increased gradually from 5mt this year to 8mt in 2025. Each year from 2022 will see an investment of slightly over €400m, apart from the €300m that will be invested in 2025, sources confirm.
This year, blast furnace no.1 will work at 100% capacity, BF no.2 will be restarted next month and will run at 90% capacity, and BF no.4 will run at 85% capacity. Meltshop no.1 will be restarted on 15 January. However, meltshop no.1 and BF no.4 will be idled in March and April for maintenance works.
In December 2020 ArcelorMittal signed a binding agreement with Invitalia, the Italian state-owned company investing in Ilva. The parties have formed a public-private partnership.


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