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the Indian steel industry have huge space for development, the objectives of the Ministry of Indian steel is steel output will reach 300 million tons. To ensure that the resources of Asia's third-largest economy in the country to meet the demand for raw materials of the future sustainability of the steel industry development, the Government intends to restrict iron ore exports by raising the export tax, at the same time, India's steel enterprises and mines has begun to consider the acquisition of iron ore and coking coal mines overseas.
as part of efforts to obtain raw materials, as well as international ambitions, the Steel Authority of India (SAIL) is planning to acquire overseas mining, Australia and the United States in search of coking coal, but also take into account in Mozambique, South Africa and Indonesia to seek acquisition opportunities. This is indeed a new beginning for state-owned companies, so far all their mining activities concentrated in India. Can be said the SAIL international acquisition is very late, a few years ago has been considered, while government restrictions on export of iron ore and other resources.
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India Essar Steel (Essar,) continue to look to the mining aspects of acquisitions and alliances. Trinity Coal Company, U.S. West Virginia, the company reached a total turnover of $ 600 million acquisition agreement. This is the company's first overseas acquisition of coal mines, will help meet the global steel production and energy coal operation required. The acquisition of Trinity Coal Company, Essar, coal reserves will increase by 200 million tons, will increase to $ 4 billion investment in the United States. Trinity Coal Company's proven coal reserves of 200 million tons, annual output of about 7 million tons, with 10 open pit and three underground mines, 50% of production will be shipped to the steel plant of Essar Algoma in Canada to reduce production costs. Essar plans to Trinity annual output expanded to 10 million tons a few years. In 2007, Essar has acquired two steel mills in North America, to spend $ 1.7 billion acquisition of Minnesota Steel Industries Corporation, and plans to invest $ 1 billion to develop an iron ore and build an integrated steel mill, also spend $ 1.6 billion acquisition of Algoma Steel in Canada. Minnesota Steel Industries Corporation has rich iron ore resources, estimated reserves of over 1.4 billion tons, through the development of this important iron ore resources, the new steel mills in the region will have the opportunity to become the world's lowest-cost manufacturers.
U.S. Commerce Department to initiate investigations against Chinese products in the near future up to over 20, and within one month, two Chinese steel pipe anti-dumping case could trigger a new round of Sino-US trade disputes.
In addition, India's National Mineral Development Corporation (NMDC,) to take the first step to the internationalization strategy, plans to spend $ 2.5 billion acquisition of 50% of the shares of the Brazilian iron resource companies (FerrousResources). In addition to the cooperation and iron resources, NMDC, also in Africa and ArcelorMittal has a mining joint venture and to seek cooperation with several companies, including Rio Tinto Group, Tata Steel and Spice Energy about 260 billion rupees in the next few years, investment plans and put into the agenda, allocation of Rs 130 billion reserve funds as part of its overseas operations. NMDC in India annually produces about 30 million tons of iron ore.
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Beijing the Dele Xi the Nangang company (of JSW) could spend $ 500 million acquisition of a foreign one coal mine, in order to ensure an adequate supply of capacity expansion. At present the company is looking for State acquisition of coal mines in Australia and South Africa, the addition also found that the coal mine in Mozambique. Jindal Steel and energy companies (JSP) plans to invest $ 154 million to buy Australian coal manufacturers RocklandsRichfield, but were refused, but the JSP has not stopped the acquisition pace.
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new Russian Steel (NLMK): According to the global steel demand recovery, NLMK decided to invest more than $ 4 billion to expand production in the next three years, most of which will be used for the new blast furnace of the Lipetsk plant the construction of a small steel mills and the Kaluga region. In addition, the new Russian steel full acquisition with Du Fuke Group (DufercoGroup) 50-50 SteelInvestandFinance company also plans this year. The new Russian steel Lipetsk plant capital investment can not only enhance the production, also enrich the variety of products, significant for the company to widen this gap, such as high-end automotive sheet market. The construction period of the Lipetsk plant No. 7 blast furnace thereon in advance to mid-2011, the blast furnace and the Kaluga region, a small steel mills have been put into the new Russian steel with an annual capacity can be successively increased by 3.4 million tons and 1.5 million tons. Planned to 2012, Russian steel crude steel annual capacity on the existing foundation to expand 40 percent to 17 million tons. Russian steel in order to strengthen its position in the building materials market in Russia, put into operation in December 2009 four annual capacity of 300,000 tons of hot dip galvanizing lineWorld Steel Pipe , the third quarter of this year will be put into a annual production capacity of 200,000 tons of color coating production line, with 1.5 million tons of long steel annual production capacity of the new Russian steel Kaluga electric furnace steel mills are expected to be officially put into operation in 2012. In addition, Russia's new steel plan in December this year, its joint investment with 瑞士杜弗克 Group SteelInvestandFinance comprehensive holding the joint venture in Europe with five rolling mills, two in the United States. In 2006, the new Russian steel to spend $ 805 million to buy 50% stake in the company, which expanded on the slab supply plant in Russia, SteelInvestandFinance these plant products are mainly used in automobile manufacturing. Russia's new steel plan years SteelInvestandFinance the slab supply to expand 54% to 200 million tons of finished steel production target of 4 million tons to 5 million tons within two years. Russian Steel also plans to reduce the raw materials purchased dependent acquisition of coal resources in Russia, but have not found one in line with its price, quality and cost requirements of the acquisition target. Due to the lack of high-grade coal resources in Russia, Russia's new steel plan in North America, acquisition, and production will account for about 10 percent of its total demand of high-grade coal. (Man, Culture and the Mysteel International Department)
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following the U.S. Commerce Department announced April 9 that the oil well pipe imports from China imposed a maximum of 99.14 percent anti-dumping tax, preliminary ruling April 22, imports from China seamless steel pipe products levy anti-dumping duties of 32% -98%. Meanwhile, the U.S. Commerce Department also decided to expand the anti-dumping investigation on aluminum products imported from China.
, India's steel mills expect to acquire more overseas mining
Russia Maanshan Iron & Steel (MMK): Magnitogorsk Iron and Steel Company is an investment project in Russia is to build a cold rolling and galvanizing plant, the production of high-end car body with steel, and supply access to Russia's GM, Ford and Toyota and other auto manufacturers to replace their car plate imports. Expected that the plant will cost $ 1.5 billion in 2011. MMK is also expected this year, a flat steel joint venture company established with the Turkish Atakas an annual capacity of 2.3 million tons by the end of 2010 should complete the construction. MMK also spend $ 3-3.5 billion U.S. dollars received Belon Coal Company, holding up to 83%. Belon and other mine expansion in 2013, its self-sufficiency rate of coking coal from 40% up to 80% iron ore self-sufficiency rate from the current 30% to 50%.
Third, the recent investment program of Russia's two major steel mills
at the end of last year, the the
U.S. International Trade Commission approved the imposition of countervailing duties on Chinese imports of tubing, large amounts (dollars) for the largest ever one World steel pipe network editing . Final ruling on anti-dumping duties ranging from 29.94% to 99.14%, U.S. International Trade Commission is scheduled for May 24 on Chinese imports of oil well pipe to cause harm to make a decision whether U.S. manufacturers, if the identified harm, anti-dumping duty measures will be award made to take effect.
, the United States to continue to intensify anti-dumping on Chinese steel pipe
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India India coal company is working with Rio Tinto, Hancock, and Peabody Energy Corporation to discuss the merger of coal assets matters.
this year, the Russian steel demand may be a 10% increase, reaching 30 million tons, after 2-4 years of adjustment is expected to return to the former level of the global financial crisis, 2012 Russian The construction industry is expected to rebound to 2008 levels. In order to expand production and capture the market share, Russia and the two steel mills recently drawn up their own investment plans.
seamless steel pipe anti-dumping duties, Hengyang Steel Tube International Trade Corporation, Hengyang Valin Steel Tube and Hengyang Valin MPM Steel Tube Company of preliminary anti-dumping tax rate the highest, 91.93%, Tianjin Pipe International The preliminary anti-dumping tax rate the lowest of the trading companies and Tianjin Pipe Corporation, 32.39%, there are a number of Chinese steel pipe manufacturers and exporters of 62.16%, the general tax rate of 98.37%. In September this year, the U.S. Commerce Department will make the final ruling of the case, the International Trade Commission in October to vote, to decide whether anti-dumping duties on Chinese seamless steel pipe.
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Tata Iron and Steel Company is a Canadian iron ore mine, pre-investment feasibility studies, feasibility studies will be making investment decisions. The global mining company of the Tata Iron and Steel Company, a subsidiary of Tata and Canada NewMillenniumCapital Company signed a joint venture agreement, the former has a 80% stake in the joint venture, which owns the remaining 20% stake. Referred to as "direct shipping iron ore (DSO) project of the estimated reserves of 100 million tons, annual output estimated 4 million tons, Tata Steel is expected to invest $ 300 million.
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U.S. Department of Commerce, the oil well pipe from China trade in 2009 totaled $ 1.1 billion, but decreased significantly compared with the previous year's $ 2.8 billion, while imports of seamless carbon and alloy steel tubes, seamless line and pressure pipe the total value of $ 182 million, significantly reduced compared with $ 487 million in 2008. The two anti-dumping case marks the current success of the U.S. steel companies and the United Steelworkers of America to restrict Chinese imports of steel products, but this will was strong opposition from consumers.