Last Update: 28/07/2011 13:27:41
In 2011, Russian steelmaker Asha SW plans to increase steel output by 20% y-o-y, to 850,000 t. The mill intends to start supplies of merchant slabs on the regular basis owing to higher steel output, as the manufacturer's HR mill 2850 is running at almost 100% capacity (600,000 tpy). Most of semis output will be exported and the rest will be sold domestically. In H1 2011, merchant slabs were exported to Iran. This month, Asha SW plans to sell the first trial 1,000-tonne lot of slabs in the domestic market. The growth of output is attributed to the fact that company's new EAF, launched in mid-2010, will reach full capacity. At the moment, all units of the new equipment have been adjusted. In July, the producer performs 23 melts per day; in August daily melt number will increase to 24 and by end-2011 – to 27. By end-2013, the steelmaker is going to finish reconstruction of flat rolling production to expand capacity of mill 2850 to 1 mtpy. In 2014, when all works are done, the company will be able to re-roll the entire output of slabs into finished plate and abandon semis sales. In H1 2011, Asha SW produced 390,000 t of steel, 13% up y-o-y, and 340,000 t of finished products, by 14% up. Plate output rose by 15%, to 292,000 t, of which 255,000 t (24% up) were sold domestically, 31,000 t (25% down) were exported to non-CIS countries and 6,000 t (13% down)– to CIS ones. Shipments of merchant slabs have reached around 33,000 t (no semis were offered in H1 2011).
world - OECD: Steel trade cases filed in 2013 the most since 1999 World - Worldsteel: Pig iron production rose 5.8% last year Russia - Russian Steel members increased output in 2013 Russia - Evraz output grows marginally, despite stoppages China - Chinese analysts divided on outlook for 2014 STEELWORLD - Indo – Arab Steel Summit / 3rd March, 2014 / Sheraton Deira Hotel, Dubai China - China pledges to 'gradually ease' its steel overcapacity Turkey - Offer from SteelOrbis EU - Irepas talks up long product prospects for 2014 Qatar - Qatar tops ranking of steel use per person
world - OECD: Steel trade cases filed in 2013 the most since 1999 World - Worldsteel: Pig iron production rose 5.8% last year Russia - Russian Steel members increased output in 2013 China - Chinese analysts divided on outlook for 2014 China - China pledges to 'gradually ease' its steel overcapacity Qatar - Qatar tops ranking of steel use per person EU - Fitch sees 'modest' improvement in Europe next year China - Special report: China mill profits fall; may recover in 2014 Turkey - Turkey's mills find some MENA customers for debar sales Brazil - Stronger outlook for Brazil steel demand