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DUE NUOVI SOCI PER FONDAZIONE PROMOZIONE ACCIAIO | |
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COSTRUIRE IN ACCIAIO | |
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PUBBLICAZIONI | |
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FORMAZIONE ED EVENTI | |
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APPALTI E CLASSIFICAZIONE SISMICA | |
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Posted in Latest Updates Read more...
Steel distributor Klöckner is confident that there will not be any sudden price slumps this year, with price increases possibly extending beyond the third quarter, CEO Gisbert Rühl told Platts.
“The market is volatile of course, but there will not be continued price drops,” said Rühl at a press call on Wednesday, adding that he also does not expect a “bursting bubble” with sudden falls.
The European and US steel markets are recovering, thanks to anti-dumping measures plus increasing iron ore and scrap prices, said Rühl, highlighting, however, that the recovery is not being driven by growing demand.
In its outlook for 2016, Klöckner said it expects a growth in real steel demand of 2%, both in Europe and the US. Positive effects are forecast to come from the construction industry (with France being the only difficult market), the automotive sector and a fairly stable mechanical engineering industry. The energy industry is expected to decline further, especially in the US.
As reported, Klöckner will also see changes in its supervisory board this year, with ex-Tata Europe CEO Karl-Ulrich Köhler and investor Friedhelm Loh, who holds 25.5% in Klöckner, standing for election at the annual meeting next week.
Köhler joined Loh’s manufacturing company Rittal after leaving Tata in March. “I am very satisfied with Loh’s decision to take a seat on the board. I expect positive impulses coming from Loh and Köhler for the company. If Köhler had not joined Loh, we probably would have asked him ourselves to join the board,” said Rühl.
Laura Varriale, PLATTS
Posted in Latest Updates Read more...
Germany-based distributor and service center operator Klöckner is to streamline and centralise the management structure of its European distribution services, as the business area remains “problematic”, CEO Gisbert Rühl said on Wednesday, while reporting upward trends in the company’s first quarter results.
In Q1 this year, Klöckner increased its EBIDTA operating profit by €6 million year-on-year to €16 million. Owing to restructuring processes, which included the closure of 16 locations primarily in France and the UK, sales revenue went down by 18.3% y-o-y to €1.4 billion and shipments decreased by 6.3% to 1.6 million metric tons.
“We will centralise distribution and get rid of double functions within countries, working transnationally so that the European distribution can be self-sustaining,” said Rühl. Klöckner’s net income remained negative at €14 million, but saw a significant positive trend from last year’s first quarter when the net result was a loss of €22 million.
Klöckner wants to save around €25 million through continuing cost cutting, but said it would not close any more sites in Europe. “We cannot have CFOs and COOs on every country level. The reduced headcount will be noticeable in the organisational structure,” said Rühl, adding that he cannot rule out that job cuts in the management structure would exceed 100.
Looking ahead to the coming months, Klöckner said it is confident that it will increase its income further in Q2 and return to positive net income in its full-year results thanks to a stabilised market (see related article).
Laura Varriale, PLATTS
Posted in Latest Updates Read more...
As the race to buy the rest of Tata Steel’s UK business quickens, what will either Liberty House Group or Excalibur Steel Limited get for their money if they take on the whole venture?
The main facility is at Port Talbot, South Wales, now the UK company’s only integrated steelmaking plant. It produces hot and cold rolled strip products and employs 4,000 people. Neighbouring Llanwern, has galvanising and pickling plants and Orb Works in Newport produces electrical steel. These two plants between them have 1,250 employees.
Other Welsh plants are those in Trostre, also in South Wales which produces tinplate with 658 employees, and in Shotton, North Wales where there is a galvanising and colour coating facility employing 700. Building Systems in Caerphilly, South Wales produces roofing and cladding systems for the construction sector with a 200-strong workforce.
Tata’s engineering and speciality steel operations in South Yorkshire in Rotherham and Stocksbridge have a total staffing of 1,700 people equally divided between the two sites. Tube and pipe are produced at mills in Hartlepool in the north-east of England and in Corby in the UK midlands. These plants employ 500 and 550 employees respectively.
Tata also has two research facilities, one located in Rotherham and one based at Warwick University, employing another 200 people in total. The main UK distribution operation is based at Wednesfield again in the midlands, where Tata employs 450 people.
Some of these operations have overseas branches which are not included in the proposed UK package up for sale, Tata Steel tells Kallanish.
Posted in Latest Updates Read more...
Glass fiber reinforced polymer is gaining space over steel in some applications where corrosion-resistance is key. It won recognition when a fiberglass Disneyland attraction proved stronger than expected during demolition
GFRP rebars: composites building on a niche (PDF)
Posted in Latest Updates Read more...
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