Forum: Arcelor Mittal » Nieuws Steel Business Briefing » Pagina: 2

[verwijderd] 21 juni 2009 13:37

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dank voor de getrouwe updates!

[verwijderd] 21 juni 2009 15:14

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[verwijderd] 21 juni 2009 17:53

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Vale settles iron ore benchmark prices with ArcelorMittal

Brazilian mining giant Vale has concluded negotiations on iron ore and pellet prices for 2009 with ArcelorMittal in the first settlement this year in the European market, Steel Business Briefing learns from the miner.

The world’s largest steelmaker has settled for the same percentage price decreases as those already agreed by many Asian mills. The deal will put more pressure on China to accept the benchmark settlement or turn increasingly to the spot market.

In the agreement with ArcelorMittal, Vale’s prices for fines decrease by 28.2% and for lump ore by 44.47% from the 2008 benchmark values.

Therefore, the new reference prices per dry metric tonne unit (dmtu) FOB are $0.9651 for Southern and Southeastern System fines (SSF), $1.0095 for Carajás sinter feed (SFCJ), and $1.0962 for Southern System lump.

The pellet price falls by 48.3% relative to 2008 and the new reference prices per dmtu are $1.1384 for blast furnace pellets and $1.2523 for direct reduction pellets.
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© Steel Business Briefing 2009.

[verwijderd] 22 juni 2009 20:58

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Preview of Today's Top Article
China's output keeps rising in June at 1.5m tonnes/day
Stimulated by rising domestic prices, crude steel output in China continues to swell.

During the first ten days of June, Chinese mills produced 14.98m tonnes of crude steel, up from 14.85m t for the last ten days of May, according to estimates just released by the China Iron & Steel Association (CISA).
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TODAY'S TOP SBB HEADLINES
Vale settles iron ore benchmark prices with ArcelorMittal
World output was down 21% year-on-year in May
China's output keeps rising in June at 1.5m tonnes/day
Offer prices of HRC climb above $500/t in SE Asia
$450bn more sought for US infrastructure, high-speed rail

Europe
Turkey's Erdemir raises asking prices in new export tender
Strip import prices into Southern Europe increase
Turkish merchant bar producer expands capacity with new mill
UK’s Thamesteel rolls more to meet demand
Minority shareholder upset with Czech steelmaker’s lending
German stainless market recovers slightly
UK car production fell at slowest rate this year in May
Böhler shifts saw blade strip rolling from Sweden to Austria
Turkish auto makers not happy with new taxes

Asia
Pakistan stalls new duties on flat imports
China’s tinplate prices rising
Angang increases July prices for strip products
Low stock levels strengthen Korean HRC prices
Liugang to invest $146m for environment upgrade
Posco starts second Malaysian coil centre
Eastern China scrap imports hit record high in May

North America
US 'cash for clunkers' bill approved to stimulate car sales
Niagara LaSalle ups scrap surcharge on bright bars
JSW, Essar looking to boost North America output
SDI revises second quarter earnings outlook
Texas fabricator part of $40m wind tower project

Latin America
Dominican rebar prices at US$800-850/tonne
CSN color-coated coil production reaches 95% capacity
Value of Chilean iron ore exports increases in May
Brazil’s domestic market stable for both flat and longs

Middle East & Africa
Saldanha furnace about to resume pre-explosion production
Turkey accused of dumping rebar in Arab markets

Scrap & Raw Materials
Italian scrap prices go up, steel orders improve
Brazil's MMX reports increased iron ore resources
German scrap prices fall in June after May surge
Iron ore reference price continues to rise - The Steel Index
China may set price ceiling for iron ore imports
Sesa Goa to pioneer monsoon fines loading from Goa
CISA meets Vale, FMG on iron ore cooperation
Turkish pig iron imports decreased in April
Vale to resume output at idled pelletizers soon, union says

Stainless steel & Ferro-alloys
Posco to lift 300-series stainless prices from end-June

Tubes & Pipes
Marmon/Keystone opens third service center in Mexico
Italy’s Eurogroup launches tube plant in Serbia
European welded stainless tube prices bottom out
China welded pipe production up 14% in Jan-May

[verwijderd] 23 juni 2009 18:31

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Preview of Today's Top Article
UK stockists cautiously optimistic about European industry
The mood remained one of cautious optimism at a gathering of the UK's North East Association of Steel Stockholders (NEASS) attended by Steel Business Briefing last week.

NEASS members do not underestimate the challenges facing the steel industry. European and UK mills cannot continue to produce at low capacity utilisation rates, which is expensive and can damage machinery. Yet weak demand means increased output could saturate the market. European summer is likely to be slow with some mills closing for one or two months to prevent large inventory build-ups.
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TODAY'S TOP SBB HEADLINES
Coil prices in US, Turkey surge up, says The Steel Index
Xstrata-Anglo may face EU opposition on met coal fears
CIS longs export market strengthens a little
Brazil's pig iron export prices expected to hit US$300/t fob
Despite drop, iron ore prices remain high
New 'World Steel Exchange' to try scrap futures first

Europe
Turkish Competition Authority fines Erdemir
Billet offers to Turkey rise, push rebar prices higher
Polish steelmaker reports stronger demand, expands exports
UK stockists cautiously optimistic about European industry
Corus IJmuiden short-time work support ending
Tyrol stockist returns to family ownership as Zlomrex sells
Belgian coil processor to open service centre in Poland
Spanish steel exports continue to grow
Spanish steelmaker Sidenor to extend lay-offs
Duferco-NLMK JV sees hard 2009, continues investments
Flat steel imports into EU-15 plunge in April
Voestalpine distances itself from ‘reshuffle’ rumours
German cold rollers may reach 60% of 2008’s output
New Vienna service centre operator sees market stabilising

Asia
China reduces export tax on light sections
Taigang works towards energy self-sufficiency
Posco, Korea Eximbank sign MoU for overseas projects
Shagang puts up rebar and wire rod prices
Indian mills hike flat-rolled prices for June
JFE decides to reline halted Kurashiki blast furnace
CISA attacks companies joining Australian iron ore bids
Posco commissions a new coil centre in Wuhu
Angang cuts sulphur dioxide emissions

North America
US steelmakers' streak of production increases ends
Ameristeel's term loan change could cost up to $41.5m
Timken commissions Ohio bar mill expansion

Latin America
Venezuelan HBI export prices increase in June
CSN reschedules its longs production strategy
Chile's Huachipato cuts 200 jobs
Gerdau switches to larger BF at Açominas works in July

Middle East & Africa
Turkish rebar exports plan to fight Israeli import 'tax'
Israeli traders hope budget will boost steel demand

Scrap & Raw Materials
Brazil scrap prices stable, but competition growing
Mechel in vanguard as capacities brought back on stream
Alpha Natural/Foundation Coal merger moving forward
Turkish mills book more scrap imports, prices rise
Scrap imports kept on increasing in May in Pakistan
Brazilian iron ore exports down 35%
Capesize rates continue to rise, driven by iron ore bookings
Chinese manganese offer prices rise
Chinese FeSi prices down
More Chinese mills use index to import iron ore
Iron ore benchmark clock ticking for China

Stainless steel & Ferro-alloys
Taiwanese stainless producers raise prices again
Asian stainless prices rise another $100/t

Tubes & Pipes
Marcegaglia says growth is ahead for steel's mid-size firms
Brazilian pipe maker TSA aims to widen its market reach
India's JSW foresees exports from US subsidiary rising

[verwijderd] 24 juni 2009 19:24

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Preview of Today's Top Article
Dumping case on wire may follow EU's duty on rod imports
By confirming the anti-dumping duty on imports of wire rod from China (see other story), the EU Commission has missed the point, a large European wire rod buyer comments to Steel Business Briefing.

The major problem is not wire rod from China, he says, but imports of some Chinese finished products like welding wire. China has a 600,000 tonnes/year overcapacity of welding wire, and this is being dumped into the North American and European markets, the rod buyer claims.
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TODAY'S TOP SBB HEADLINES
Russian mills may increase output on higher coil demand
EU imposes 24% dumping duty on Chinese wire rod
Plate and rebar prices steady, The Steel Index reports
Chinese H-beam prices soar on mill price increases
World Steel Association steps up CO2 data collection
ArcelorMittal Tubarão starts up expanded HRC operation
Some question sustainability of recent US sheet price hikes
US files WTO complaint against Chinese export restraints

Europe
Dumping case on wire may follow EU's duty on rod imports
Turkish longs output recovers as home demand revives
Turkish domestic rebar prices rise on costlier billets
Turkish flat crude steel production edged up in May
Böhler to streamline international distribution network
ArcelorMittal Ostrava asks government to subsidise wages
EU joins US in requesting WTO consultations with China
CMC's international mills segment reports Q3 operating loss
Evraz ramps up steel production in Russia
Italian flats output down nearly 50% y-o-y in April

Asia
India unperturbed by Thai AD deadline
Laigang H-beam demand sees strong rail demand
Korean prices for shipbuilding angles to drop in Q3
SE Asian traders brace for non-performance of HRC contracts
Osaka Steel starts making I-beams for Australia's OneSteel
Dongil Steel exporting bars to Myanmar
Hunan end-users buying more locally-produced steel

North America
US imports fall below 1m tonnes/month
CME Group's US HRC futures contract price dips for June
Mexican flats prices fall again in June
Commercial Metals reports loss, sees modest recovery

Latin America
Colombian construction activity continues decline
YTD Brazilian rebar output, apparent consumption drop
ThyssenKrupp names new chief for Brazil slab project
Brazilian rebar consumption recovers strength in June

Middle East & Africa
UAE flats import prices rising faster than demand

Scrap & Raw Materials
Brazilian industrial scrap prices up 10-15%
Voestalpine secures more coal from Czech Republic
CMC recycling reports $7m operating loss
Anglo rejection of Xstrata leaves door open for Vale
Fortescue works with Aquila on new Pilbara port
Iron ore pellet output dips, outlook 'tough'
Labour strikes hit raw materials handling at Indian ports
Sinosteel acts as iron ore import agent for 10m t in Jan-May
China may cut number of iron ore traders by 30%
China approves Angang stake in WA magnetite venture
China's Wisco bids for stake in Brazilian miner MMX

Stainless steel & Ferro-alloys
Rising nickel price pushes up European stainless surcharges
Chinese 304 stainless coil prices retreat
China ferro-chrome import prices up, offer prices surge

Tubes & Pipes
US OCTG imports still relatively strong as China rebounds
Romanian plants plan production stoppage in August
Saudi Steel Pipe floats shares to fund expansion plans
Chinese pipe makers eye power grid expansion

[verwijderd] 25 juni 2009 20:48

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Preview of Today's Top Article
European industry may be ripe for consolidation
The European steel industry is ripe for consolidation but potential acquirers may be deterred by tough conditions, analysts and market participants tell Steel Business Briefing.

Integrated steel producers generally require minimum output of 60% to generate positive cash flow, according to Fitch Ratings, and various mills have evidently been producing below these levels amid the protracted downturn in demand.
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TODAY'S TOP SBB HEADLINES
Ukrainian coils prices jump on a back of limited supply
Fewer in EU, more in US report lower stocks: The Steel Index
Imported billet prices rise on firm scrap in SE Asia
SBB Special Report: HRC stock and prices rise in south China
ArcelorMittal raises strip prices by €30/t in Europe
No steel demand recovery before Q4: Fitch
Brazil hikes rail imports for new projects

Europe
N. European strip demand up, but summer lull looms
Signs of recovery visible, say Spanish industry sources
Turkish galv demand rises, prices too
German port enlarges steel handling capacity
European plate prices ‘ripe for recovery’
European industry may be ripe for consolidation
Slovenian steelmakers invest in new casting equipment
Turkish alloy steel production failed to recover in May
Domestic Italian hot rolled coil prices are increasing
Spain’s Ros Casares suspends Sagunt project
No recovery before August, no price falls, says Eurogroup
Some improvement in strip, says French steel federation
ArcelorMittal Poland pursues workforce restructuring
Italian hot rolled coil imports rose in April

Asia
Chinese mills contribute to rising power demand
SMS gets slice of Vijayanagar works expansion business
Japanese mills tread softly on HRC exports to Korea
Wugang to commission 3rd coke dry quenching plant
Chinese rebar maker to produce wire rod
Korea introduces stronger KS mark procedures for rebar
SMI wins long-term European contract for railway wheels
Tokyo Steel loses ¥650m from Okayama furnace explosion

North America
Judge intervenes in Republic/American Axle dispute
May US sheet imports see big declines
'List pricing' could become US sheet sector fixture: sources

Latin America
Colombian rebar prices remain flat during June
Sidor is the model for Venezuela HBI nationalization
Colombia's Sidelpa to be deactivated shortly
Brazil's flat steel distributors lift shipments in May

Middle East & Africa
Egyptian rebar market waiting for demand to revive
Egyptian flat demand moves up, higher prices expected
Rebar prices steady in Saudi Arabia
Emirates Steel aims for 6.5m t/y by 2013-14

Scrap & Raw Materials
Italian scrap prices confirm upward trend
Ironmakers from Minas Gerais state export to the Far East
New iron ore projects total 430m t in next two years: Unctad
Turkish mills raise buying prices for domestic scrap
Polish coal mining group sees steep decline in sales
Vetorial to acquire MMX's pig iron plants in Corumbá
Chinese pig iron prices continue to rise
India’s NMDC aims to settle iron ore prices at Rio benchmark
Liaoning inflates size of major iron ore deposit
Three Indian DRI producers secure gas supply
Pressure builds on Beijing to review coke export tax

Stainless steel & Ferro-alloys
US stainless imports off by more than half from last year
Decline rate slowing for China’s stainless flat imports

Tubes & Pipes
China seamless pipe prices rise despite few transactions
China’s welded pipe exports plunge 47% in May

[verwijderd] 26 juni 2009 23:01

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Preview of Today's Top Article
European steel consumption to remain subdued
It will take three to five years for European steel consumption to reach the levels of 2007, chief executive of Anglo-Dutch steelmaker Corus, Kirby Adams, said in the results conference call of Indian parent company Tata Steel.

“The opinion on the timing of the recovery [in Europe] has changed,” Adams said in the call monitored by Steel Business Briefing yesterday (25 June). He suggested the downturn has been much sharper and more protracted than people initially expected.
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TODAY'S TOP SBB HEADLINES
CIS billet export prices are stable, supply is low
Corus cuts over 2000 jobs, says recovery some time off
Scrap shortages push bar prices up in SE Asia
Positive sentiment helps prices rise, but doubts linger -WSR
US scrap prices to surge as merchants hoard supply
Prospect of scrap futures contract dismays scrap dealers
Import tariff resumption stops Brazilian flats price slide

Europe
New Slovakian rebar mill aims to start production next year
Riva cutting output by 70%, profits down
Tata to build new power plant at IJmuiden steelworks
Erdemir raises plate & sheet prices, with more to come
Corus talking to new potential buyers of Teesside slab plant
German mills remain relaxed, following ArcelorMittal hike
Tata Steel profit drops on Corus restructuring costs
Engineering steels see some auto demand: French federation
Turkey's Kardemir increases prices for billet and rebar
Salzgitter’s production to rise in July
Signs of recovery visible in Spain: correction
Crude steel output in Czech & Slovak republics up in May
Sections prices hold steady or see small rises in S. Europe
Ovako extends stoppage at Finnish rod mill
European steel consumption to remain subdued

Asia
FTC to fine Japanese galvanizers for price-fixing
Tanggang merger inches forward
Import prices for scrap cross $300/t mark in E
Asia
Zhongtian Steel starts work on new alloy bar plant
Southeast Asian HRC prices up for Posco, Japanese mills
Flat product stocks plunge in Tokyo, Osaka
Sail to pare workforce "naturally"
Korean sections producer begins billet exports
Tiantie commissions new blast furnace

North America
Some say growing transparency tied to rise of price indexes
US galvalume stocks good as 'gold' as interest spikes
Tamco posts loss and forecasts continued lossmaking

Latin America
Peruvian rebar prices still falling
Brazil sees galvalume prices drop, now on par with HDG
Beltrame to start Argentinian plate mill next year

Middle East & Africa
Turkey prepares case against Israel's import levy on rebar

Scrap & Raw Materials
RMDAS scrap prices strongest in southern US
Siderpita is still working at 25% of its pig iron capacity
Scrap prices in Germany fall to April level, BDSV says
China’s scrap imports surge again in May, up 400% this year
Haldia port strike called off, operations normalized
Indian spot iron ore prices keep rising in China
Angang share trading suspended after ore find news
Hong Kong investor buys 11.3% of WA iron ore junior

Stainless steel & Ferro-alloys
Korean mills eye stainless pipe price hikes from July
Eramet finally takes all of Norway's Eralloys
Walsin Lihwa starts China mill, builds stainless plate mill
Higher sales, output for Chinese stainless mills
JSL Hisar stainless plant operating near 95%
Outokumpu to ramp up output as order intake rises
Brazil's ferritic prices steady while 300 series prices rise
Nirosta upgrades acid treatment; expands service centre

Tubes & Pipes
Mills raise DOM tube prices in response to US sheet moves
Tubos Reunidos focuses more on specialisation than capacity
Pipe prices are increasing in Turkey on rising coil prices
Welded pipe prices are rising in China

[verwijderd] 30 juni 2009 13:00

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Preview of Today's Top Article
EU rebar could compete in Far East, say traders
As the domestic price of rebar in the Far East is increasing, some players in these areas are considering importing European/CIS finished products, trading sources suggest to Steel Business Briefing.

“There are even rumours that some Chinese are considering importing rebar, as there are shortages of some sizes, alongside strengthening domestic prices,” they say.
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TODAY'S TOP SBB HEADLINES
Italy’s Lucchini increases wire rod prices
Iron ore reference prices rise again, says The Steel Index
US imports hit 33-year low
Brazil's Vetorial aiming to be merchant pig iron giant
EU rebar could compete in Far East, say traders
Analysts dump on China iron ore find
SBQ and CHQ steel prices - Notice to SBB readers
US structural, mechanical tube makers going up $90/s.ton

Europe
Several engineering steel scrap surcharges fall in July
Imported longs still lack presence in S. Europe
Northern European merchant bar prices firm
US Steel Europe may increase coil prices for Q3
German buyers likely to accept strip price rises
Czech and Slovak new car registrations strong in May
Import coil prices are expected to rise in Turkey
Turkish rebar offers stay high on increased scrap costs
ThyssenKrupp looks to raise prices by €25/t
Turkish mills resist terms of proposed restructuring plan
Voestalpine views spot price hikes as premature
EU became world's largest steel exporter in Q1
US Steel Kosice resumes five-day working week
Teesside Cast Products MoU still in place, says consortium
Stemcor changes name for German flat steels unit

Asia
Tata Steel tables revival package for ailing cable maker
Chinese domestic CRC prices continue to rise
China raises major new infrastructure project funds
Tata Steel to buy out Ryerson service centre joint venture
China HRC exports down, imports up in May
Power price hike surprises Korean mills
China steel sector profit drops 97%, but now recovering
Korea faces temporary HRC supply shortage
Price hike in store for China Steel export customers
China mills look to save sintering energy

North America
Steelmakers welcome Obama's signature on 'clunkers' bill
Severstal sues Kinder Morgan for $20m over crane collapse
Mitsubishi Steel to strengthen spring business in US

Latin America
Brazil’s flats output recovery relying on exports
Usiminas bucks trend and keeps BFs idled

Scrap & Raw Materials
Jindal to export up to 25m t of Bolivian iron ore by 2014
Canada coal producer expects help from stimulus packages
Vale settles pellet prices with Nucor's Nu-Iron in Trinidad
Shanxi may force merger of state-owned coke companies
Indian pig iron attracts bidding above $300/t fob
Chinese FeSi, FeMn and SiMn prices rise
CISA restricts Rizhao iron ore centre ambitions

Stainless steel & Ferro-alloys
Stainless coil prices up; demand is recovering in Turkey
Xstrata-Merafe increases ferro-chrome price in Europe
Chinese 430 prices dip following 300-series decline
Correction: Yieh United stainless steel prices
Asian stainless prices still on uptrend

Tubes & Pipes
South Carolina tubemaker sets transmission pipe expansion
North American DOM tube price rise gathers steam
China's BSG starts new coiled tubing plant

[verwijderd] 30 juni 2009 13:05

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Preview of Today's Top Article
EU economic indicators rise, but steel lags trend
The European Union’s monthly economic sentiment indicator (ESI) increased again in June for the third month in a row. Its business climate indicator (BCI) for the euro area also increased marginally, Steel Business Briefing learns from latest reports on the EU web site.

However, both indicators remain far below the previous historical lows recorded in 1992-93. The European Commission says this suggests that year-on-year industrial production growth will have remained negative in May and “subdued” in June.
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TODAY'S TOP SBB HEADLINES
Turkish mill buying drives scrap prices higher
Corus set to raise strip prices, executives suggest
Venezuela's Sidor stops 'cheap export routine'
Chinese domestic HRC market reaches 'turning point'
Rebar prices stay stable and low in southern Europe
Prime US scrap deal up nearly $80/l.ton

Europe
Fire at Romanian steelworks halts production
Turkish strip prices look stronger on limited supply
NLMK buys Maxi-Group’s Urals scrap division
Spanish mills continue to pursue exports
EU economic indicators rise, but steel lags trend
Italy to reduce taxes for companies which re-invest
Italian steel trade with EU countries shrinks

Asia
CISA mills profitable again in May
Visa Steel commissions new DRI plant
Chung Hung output down as slab prices rise
Baosteel starts to build new wire plant
Shaanxi unveils new steel group
Liugang to build new slag recycling plant
Government helps avert water shortage at Bhilai steelworks
Yieh Hsing wire rod output nears full capacity
Korean re-rollers book Chinese HRC at $475-490/t for Q3
JFE Bars & Shapes holds sections prices for July

North America
Flats prices see more weekly gains, clear signs of US upturn
Steel trade groups blast US cap-and-trade emissions bill
Mills regain positive output momentum in US market
Latin America
Sinobras ramps up to 60%; aims to reach full output by Q4
Plate bidding to open on Ecuador's new maritime terminal

Middle East & Africa
AMSA puts prices up by 3-4% from August
Emirates rebar prices rise $10-15 on higher production costs
Syrian rebar prices follow Turkish offers upwards
Saudi Arabian flat steel prices rise, market short of supply
Longs prices sharply increase on stronger demand in Iran

Scrap & Raw Materials
Political problems slow scrap trade in Pakistan
Hyundai cuts scrap buying prices again
As deadline looms, CISA says no single year-long benchmark
May another bumper month for Chinese coking coal imports
WCCC joins Teck, other coal miners in raising output
Venezuela's FMO to cut ore output with shorter work week

Stainless steel & Ferro-alloys
US raises AD duty on Korean stainless pipe after review
Ferritics gain in Brazil stainless market
France's Ugitech raises stainless prices by €100/tonne
Outokumpu secures new credit facility
China ferro-chrome import prices up, more upside expected

Tubes & Pipes
US pipe maker ends fiscal year with a loss
Correction: Welded Tube Berkeley product line extension
Layoffs of 201 PTC Alliance workers now indefinite

[verwijderd] 1 juli 2009 13:07

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Preview of Today's Top Article
Vehicle production continues to fall in Spain
Spanish vehicle production saw a 37.27% fall during the first five months of the year, compared to the same period in 2008, Steel Business Briefing learns from Spanish automotive manufacturers’ association Anfac.

In January-May 821,408 units were produced, while May’s output fell by 31.13%. Passenger car output, which accounts for the greatest volume of production, saw a smaller decrease of 30.68% in January-May, and it is possible that in the coming months this fall will decelerate as a result of the positive effects of incentive schemes applied in countries where Spanish vehicles are sold.
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TODAY'S TOP SBB HEADLINES
Gerdau Ameristeel raising output at Texas rod mill
Turkish merchant bar prices look to reflect costlier billet
World consumption fell last year for first time since 1998
Hyundai Steel to lift rebar export prices by $50/t
Most coil prices rising, led by US: The Steel Index
Brazilian scrap processors may face margin crunch

Europe
Estar's Zlatoust restarts two rolling mills
UK strip prices firm on supply constraints
Erdemir raises coil and plate prices by $30/t
Kremikovtzi's administrator submits recovery plan
Vehicle production continues to fall in Spain
Production at Italy’s ABS improves in June/July

Asia
Korea's Dongbu to inaugurate new hot strip mill
Indian steel ministry aims to hasten project approvals
Chinese domestic CRC prices fall
Strikes flare at Indian port again
Shanxi Haixin Steel starts new billet caster
China shocked at US anti-dumping cases
Shougang to build coil centre in Guangdong
Dongkuk withdraws from long-stalled Brazil slab project
Japan’s flat rolled stocks continue decreasing
Japan forecasts demand recovery in July-September quarter
New site for Tata's Vietnam flat steel project

North America
Granite City restart slated to begin today: union officials
Cascade Steel operating loss drags down parent
Latin America
Colombian HRC import prices fall
Usiminas: problem reduces output at Cubatão BF No 1

Middle East & Africa
UAE flats prices rise, supply tight
Egyptian rebar prices decline on high stocks
ArcelorMittal South Africa puts expansion plan on hold

Scrap & Raw Materials
Cliffs expanding Western Australia mining project
Chilean iron ore output shows signs of recovery in May
Schnitzer Steel's recycling segment reports $6m profit
Scrap demand remains weak in Egypt, prices fall
Bulk freight rates stall on impasse in iron ore price talks
China iron ore price deadline passes with no deal
Tokyo Steel lifts scrap purchase prices

Stainless steel & Ferro-alloys
Optimism on Italian stainless, prices might go up
US stainless pipe makers hiking prices
Yusco raises export stainless prices by $80-150/t
Taiyuan raises domestic stainless prices by RMB 300/t

Tubes & Pipes
German pipe mill files for insolvency
Brazilian small diameter tube prices fall 4% for July
Hollow section prices rise in UAE on increased strip costs
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[verwijderd] 2 juli 2009 08:09

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Preview of Today's Top Article
Estar plants go back to Russian tycoon Varshavsky
New investor Abukar Bekov has handed back the assets of Russia’s Elektrostal Rossii (Estar) Group to Vadim Varshavsky and his team, the group's spokesperson tells Steel Business Briefing. This follows a chain of bankruptcy petitions from Estar’s mills and attempts to reorganise the running of the company.

“The reason [for the return of the assets to the former owners] was the lack of ability of the new owners to manage the mills in the conditions of the economic crisis,” Estar says in a statement on its website.
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TODAY'S TOP SBB HEADLINES
SBB Special Report: New projects advance in Vietnam
Rebar group warns against growing protectionism
ArcelorMittal Vega do Sul accelerates Q2 output
Rebar prices dropping, plate stable: The Steel Index
N. European strip market is cautious over price increases
US Steel ups sheet prices again

Europe
Corus relights IJmuiden blast furnace to satisfy orders
Estar plants go back to Russian tycoon Varshavsky
UK medium sections prices soften, sentiment firmer
Italy’s Marghera sees steel imports rise, pig iron plunge
Turkish colour-coated coil demand rises, prices strengthen
Short-term outlook for UK steel construction is weak
French merchant bar prices might increase
European section mills reduce scrap surcharges for July
German mini-mill’s capacity increase challenged by citizens
Italian car sales up in June, ending falling trend
ArcelorMittal Gijón blast furnace remains inactive
Spanish rebar prices continue rise and fall pattern

Asia
Pakistan Steel adds $6-18/t to its prices, supply tight
Posco’s India project faces further delay
Hot rolled coil import prices rise further in Vietnam
Indian port workers strike, iron ore exports halted
Shagang tweaks rebar, wire rod prices up again
Tiantie's subsidiary starts new bar mill
Chinese domestic plate adjusts to lower prices
China's Shagang raises plate and coil prices for July
Japan, China to reaffirm opposition to BHPB-Rio ore merger
Korea's HRC output to increase from Q3

North America
Nucor opposes 'cap & trade' bill headed to US Senate
Bottom falls out of US imports as China backs way off
ATV maker Oshkosh wins $1bn US military contract
NA processor Barzel Industries seeks to sell or recapitalize
Manufacturing's malaise could be lifting: US survey

Latin America
Ferroeste restarts longs plant project
Colombia's automotive sector reports a new drop
BF malfunction does not interrupt CSN production
Sinobras drawing mill to be commissioned in Q4
Brazil's machinery makers rap high domestic steel prices
Brazil MBQ prices steady, but stockists see some slippage

Middle East & Africa
Iraqi bar imports slow due to lack of demand

Scrap & Raw Materials
Saudi scrap traders demand lifting of export ban
Mexico's steelmaking raw materials output falls
India’s Ispat reports output fall
Posco buys stake in Australian iron ore junior
Expect short-term pullback in nickel prices: Macquarie
Peru's Doe Run zinc refinery idled by supply, labor issues
China prepared to revise iron ore price demands
Stainless steel & Ferro-alloys
US to review duties on stainless rod from 5 countries
Tang Eng raises stainless export prices $300/t

Tubes & Pipes
Welspun Gujarat receives new orders worth $200m
Froch sees stainless pipe output rising, opens in Belgium
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[verwijderd] 5 juli 2009 21:11

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Preview of Today's Top Article
EU steel imports to rise 15-16% in 2010, says Eurofer
Imports of steel products into the European Union from third countries are likely to end the year 30% below 2008 levels, according to a report by EU steel producers’ federation Eurofer.

The report, sent to Steel Business Briefing, also shows an expected rebound in apparent steel consumption in the EU in 2010 driven by the stock cycle, which would lead to increased import volumes in the coming year.
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TODAY'S TOP SBB HEADLINES
Russian coil prices jump on limited supply
Baosteel raises plate prices but hesitates on HRC/CRC
SBB Special Report: Strip demand improves in Brazil
Europeans follow USA and raise coil prices - WSR
More companies expect higher prices: TSI survey
ArcelorMittal cancels planned Canadian mine stoppage

Europe
Moldova escapes EU dumping duty on wire rod
Saarstahl considers recovery possible later this year
EU steel imports to rise 15-16% in 2010, says Eurofer
Spanish steel output falls, consumption falls further
Turkish flats market short of material
UK construction sector declines for 16th month
Low-priced stocks weigh on Turkish rebar market
Italian rebar prices may rise €20/t
Dillinger to revamp No 5 slab caster next year
No rebound in real consumption before Q4 2010: Eurofer
Schmolz+Bickenbach shuffles responsibilities at mills
Germany’s engineering industry has not reached bottom yet
Euro-zone manufacturing shrinks again in June
BCSA says UK constructional steel industry near to bottom

Asia
Pakistan Steel billet prices increase, demand slow
Chinese shipbuilders lose 4.39 dwt in cancelled orders
China back to drawing board on curbing steel output
Chinese billet prices move slightly up
Early start to Dongkuk plate mill won’t spur slab buying
Exports return as China PMI improves again in June
Japan’s commodity plate market weakens, mills cut output
Van Loi builds blast furnaces to raise billet capacity
Vietnam Steel seeks partner for hot strip mill project

North America
US auto sales continue downward trend in June
Mexico's Deacero loses revenue from theft of steel
US wire rod imports jump in June, drawn wire imports flat
Licenses to import rebar into US drop by more than half
Mexican mining company exporting iron ore to China
Cliffs extends Minnesota shutdown, updates 2009 outlook
New Process Steel lining up state aid for Mississippi mill
AK Steel hikes August electrical steel surcharge $5

Latin America
Chilean construction industry continues its decline
Peruvian channel export prices at US$730/t fob
Vale may lift stake in ThyssenKrupp’s Brazil slab plant
China's Wisco may build new steelworks in Brazil
Brazilian pig iron makers shipping to Nucor of the US
Refined nickel inventories reportedly low in Brazil

Middle East & Africa
Egyptian HRC price moves up, demand good
South African demand to resume short term

Scrap & Raw Materials
Seven bidders for Afghan iron ore
Italian mills increase scrap buying prices
Turkish chrome ore exports recover on Chinese buying
Delay to JSW's Chilean iron ore project
Canadian iron ore project may be postponed till 2010
China announces second coke export quota for 2009
Carry-over tonnage issue delays BHPB Asia settlements
Posco to build FeMn smelter in Gwangyang

Stainless steel & Ferro-alloys
China ferro-chrome import prices continue surging
Chinese FeSi down, EMM, FeMn, SiMn offer prices stay high
Chinese stainless mills running at full capacity
Hyundai lifts 200 and 300-series stainless CRC prices
Spain’s Acerinox to raise output in August by 25%

Tubes & Pipes
Turkish tube and pipe prices increase on higher strip costs
China domestic welded pipe prices rise

[verwijderd] 6 juli 2009 18:29

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Preview of Today's Top Article
EU inventories slip only marginally in May, say EU stockists
European inventories for all steel products fell to 88.8 days of sales in May, from 90.3 in April and 92.6 in March, according to the latest business report sent to Steel Business Briefing by Eurometal, the European distributors’ association. They thus are equivalent to three to four months of sales, with destocking set to go into Q3, it adds (see separate article).

Real steel demand has been largely negative this year, and has dropped back to the level reached in the downturn of the early 1990s. Mill lead-times are short, despite their massive production cuts, the association also comments.
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TODAY'S TOP SBB HEADLINES
Rebar taken off Shanghai markets after building collapses
EU inventories slip only marginally in May, say EU stockists
CIS billet export market is 'taking a breather'
Large Chinese mills using index-pricing to buy iron ore
Shipments from Brazil's CSN 'set to soar in July'
Strip imports into Germany remain subdued
Southern European plate market remains quiet

Europe
Real demand to remain negative in 2009: Eurometal
Energy prices have ‘devastating’ effect on Spanish mills
Macedonian plate maker plans stoppage in August
Turkish rebar export trade slows; mills resist price cuts
Slovakian steelmaker cuts workforce by 400
Ruukki Engineering cuts output at Mo i Rana section mill
Italian longs distributors see better orders in short term
UK rebar prices fall, against expectations
Balli sees stimulus packages as first phase of recovery
Kriviy Rih restarts larger furnace, stops two others
Galladé stays at top of German fabricators’ body

Asia
Billet offer prices race ahead in SE Asia; buying price rise
Huaigang rewarded for heat recovery system
Japanese mills seek higher HRC prices from Korean buyers
Korean bar maker to sell sections from September
Shougang Jingtang HDG line on hot trial
Vietnamese mills prepare to raise bar and rod prices
China launching one new auto model every two days
Chinese mill targets wind energy market

North America
June US heavy structural imports up
US wind energy sector expected to 'pop' in coming years
June US plate imports look to be way down

Latin America
Vale confirms talks on raising stake at TK's slab project
Prices are steady for Peruvian bar exports to Colombia
Siderperu's BF still idled with no schedule to resume output
Tinplate inventories soar to high levels in Brazil
Argentina's auto industry up month-on-month
Correction - Brazilian tool steel prices

Middle East & Africa
Billet buying slows in Middle East and Turkey
Iran billet market revives, import offer prices increase
Slab market is active in Iran

Scrap & Raw Materials
China buys 17% stake in Canadian coal producer
BC Iron gives go-ahead to Nullagine mine project
UK scrap prices seem firmer but direction unclear
Iron ore reference prices drop back, says The Steel Index
Sims buys eastern US scap business
BHP Billiton may leave nickel after selling Qld refinery
Posco's smelter confirms strategy in FeMn

Stainless steel & Ferro-alloys
Mechel ramps up ferro-alloy production on higher demand
Chinese 304 stainless prices rise in tandem with nickel
Asian stainless prices meet resistance, offers may rise
India ferro-alloy producers want import tax rise

Tubes & Pipes
Pipe prices are rising in Oman as restocking gathers pace
Chinese seamless pipe prices rise on tight billet supply
TenarisConfab seals plate supply from Voestalpine
US OCTG imports fall off - Chinese shipments down 95%

[verwijderd] 7 juli 2009 21:46

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Preview of Today's Top Article
ArcelorMittal plans August price rise for longs in Europe
ArcelorMittal is to raise prices for long products made at its works in Europe. It will add €20-30/tonne for all new bookings from August. The increase covers sections, merchant bar, rebar and wire rod. For products that are subject to a scrap surcharge, this will be included in the €20-30/t increase. The exact amount of increase is depending on product and region.

A senior executive of the company tells Steel Business Briefing that the increase is driven largely by cost increases. Scrap prices in Europe have risen by €15-25/tonne, and billet prices ex-CIS rose by $40-50/t during June, as SBB has reported.
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TODAY'S TOP SBB HEADLINES
HR coil prices continue upward trend, says The Steel Index
Saudi Arabia flat prices rise on strong demand
SBB Special Report: Iron ore producers ride spot market wave
ArcelorMittal plans August price rise for longs in Europe
BHP Billiton searching for iron ore deposits in Brazil
Plate import offers not aggressive enough for S.

Europe
US scrap market still unsettled
Europe
ThyssenKrupp raises carbon and stainless steel output
Erdemir adds another $20/t to all its flat product prices
UK merchant bar prices slip on exchange rate fluctuations
ArcelorMittal restarts Belgian furnace on better demand
Turkish HDG coil demand high, supply scarce, prices unclear
US Steel Serbia slims workforce

Asia
Chinese mill 'close' to supplying bearing steel to SKF
End to run of China HDG price rises
Magang auto sheet benefits from auto stimulus
Sail cancels BF construction deal with Posco E&C
Philippines proposes safeguard duty on angle bar imports
Shanghai merchant bar prices up
China warns Korea over low-priced electrical sheet exports
JSP to supply heat recovery system to Vizag
China Steel sees rise in Q3 heavy plate shipments
Heat comes off rebars in Korea-China steel summit
Amurmetall may get credit for debt restructuring
Korean HRC shortage sees Hyundai-Union get closer
New construction starts fall Beijing and Shanghai
China's top 10 mills produced close to 20m t in May

North America
US sheet prices maintaining strength: The Steel Index
Raw steel output continues slow rise in US market
CSX suing Nucor and DJJ over train derailment
Downturn in metals shipping worse than national average
ArcelorMittal to restart Indiana Harbor BF on July 20
Momentum building in US wire rod market
Canada launches AD probe of plate imports from Ukraine

Latin America
Gerdau mills in Brazil supplying billets to Siderperu
Usiminas Zamprogna working at 75% of its capacity

Middle East & Africa
Italian electrical sheet processor sets up in Dubai
Abu Dhabi steel index shows rebar prices fell in Q2

Scrap & Raw Materials
Peruvian iron ore and zinc output continues to decline
Colombia's ferronickel exports fall again
Jindal delays start of iron ore output at Bolivian project
Imported scrap prices are stable in Turkey
Italian scrap prices may rise despite holidays: merchants
Little movement in Chinese coke reference prices
China steps up iron ore imports from Africa
Japanese scrap prices are slowly increasing
Weaker Chinese demand may see nickel prices taper off
Iran starts up new iron ore pelletzing plant
Coal prices to soar in Brazil as China eats up US supply
Posco’s Mn venture to substitute China imports
More scrap price rises unsustainable: Italian mills' group

Stainless steel & Ferro-alloys
Turkish ferro-alloy imports are recovering

[verwijderd] 8 juli 2009 20:39

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Preview of Today's Top Article
Steel wage talks conclude in Germany’s Saarland state
The traditional wage negotiations for the steel industry in Germany’s Saarland state have concluded with similar results to those in the northern and western region and the eastern region of Germany.

As a result of the collective bargaining between German trade union IG Metall and steel industry employers, wages will rise by 2% for the period April 2010 to November 2011, and a lump sum of €350 will also be paid to employees this year, Steel Business Briefing learns from the union.
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TODAY'S TOP SBB HEADLINES
Most plate and rebar prices are steady - The Steel Index
Prices slip for new auto contracts in Germany
Rainy season likely to dent buoyant CRC demand in Vietnam
Mexico proposes review of AD margins on CRC imports
Korean rebar prices drop while stocks rise
US scrap market firms: shredded up $40; prime up $95
LME billet trading volume reached year’s high in June

Europe
Severstal receives new credit line, plans furnace restart
UK strip market firmer in short term, Q4 direction unclear
Czech steelmaker keeps blast furnace running
Turkish flats imports decline by more than half in May
Defunct Hungarian steelmaker auctions off assets
EU mills offer longer supply deals, but many remain short
Riva hopes for recovery in second half of 2009
Hamburg steelworks hit by power cut; sees better demand
Turkish construction activity falls
Most long product prices are stable in northern Italy
Spain’s Sidenor cuts scrap, raises nickel surcharges
Steel wage talks conclude in Germany’s Saarland state
LME approves another Turkish billet brand
German mills lifted output in June

Asia
South Korea swings to trade surplus in steel
Shipbuilding orders rebound in June
China rail construction spend up 155% in H1 2009
Baotou to use less freshwater from Yellow River
Chinese wire rod prices up but buyers scarce
Formosa Plastics to join CSC-SMI Vietnam project
Wuhan Iron & Steel raises ex-works prices for August
Korea's Dongbu to place early Dangjin HRC in market
Indian steel outlook positive: Citi
New Chinese wind power project to consume 1.3m t of steel
Anhui to start major steel producing upgrade in October

North America
Long holiday weekend clouding impact of US sheet hikes
US plate market stable, but orders still not coming easily
Nucor galv line ready to roll for testing, qualification
Steel traders oppose US 'cap & trade' emissions bill
US industry to be impacted by recession through 2009
Mexico's Ahmsa raises output 15% from BF No 4

Latin America
Gerdau gets US$760m credit line to support new projects
Argentina's construction sector softens further
Chile's May rebar shipments increase month-on-month
Gerdau Riograndense raises output and LatAm exports
Brazil's 2009 car output now expected to top 3m units

Middle East & Africa
Saudi steelmaker Al-Rajhi 'in talks on acquisition'
Egypt expected to drop dumping case against Turkey
Flat products demand keeps rising in UAE

Scrap & Raw Materials
Italian scrap prices may rise on tight supply
Turkish mills cut buying prices for local scrap
Turkish iron ore imports rise on 2008's carry-over tonnage
Depressed prices slow Colombian coking coal production
Rio Tinto staff detained by authorities in Shanghai
China studies futures market in coke
Indian government ignores calls for iron ore export duty
Tokyo Steel lifts scrap buying prices again
Spot iron ore prices seen moving closer to benchmark level
Teck to save $70m with railroad agreements
Iron ore imports up 22% y-o-y at Zhanjiang port
Indian shipbreakers push for change to recycling pact

Stainless steel & Ferro-alloys
Taiyuan raises domestic 304 stainless prices by RMB 600/t
Nickel deficit seen in H2 as stainless operation rates rise
No change to India ferro-alloy import tax for now

Tubes & Pipes
TMK to invest $200m in US pipe mills
Croatian pipe maker suspends most production

[verwijderd] 8 juli 2009 21:19

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Bedankt weer staalfreak. AB voor je terugkerende bijdragen.

[verwijderd] 9 juli 2009 20:28

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Preview of Today's Top Article
Evraz launches $900m share and bond offering
Evraz Group has launched a $900m offering consisting of $600m of convertible bonds (due in 2014) and $300m in newly issued shares in the form of GDRs (global depository receipts) listed on the London Stock Exchange. Evraz will use the proceeds to “refinance existing debt and for general corporate purposes,” it says in a statement seen by Steel Business Briefing.

Lanebrook, a 77.6% shareholder in Evraz, says it intends to subscribe for approximately $400m of the offering, split equally between the bond and equity offerings, with the final split to be determined at the time of pricing. The bonds will be convertible into GDRs representing newly issued ordinary shares of the company, Evraz adds.
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TODAY'S TOP SBB HEADLINES
CIS slab export prices may be peaking
Asian mills seek sharp export price hikes for H-beams
China accuses Rio Tinto iron ore executive of spying
Turkish rebar players wait for export markets to come back
Evraz questions ability to comply with financial covenants
Canadian nickel mine strikes to start Sunday: USW

Europe
Higher orders in Germany spur steel use
Erdemir stops cash payment discounts
Turkish auto sales rise by 31.8% y-o-y in June
Amurmetall: funds and scrap begin trickling in
ArcelorMittal gets green light for Noble acquisition
German scrap federation names new head
ArcelorMittal in talks to realign debt covenants
German machine tool makers forecast 40% fall in orders
Evraz launches $900m share and bond offering
Voestalpine Profilform to adopt short-time working

Asia
Budget helps boost Indian demand by 6-8% this year
China to release steel M&A guideline
Good domestic auto sales give Hysco a lift
China's Yunnan unveils policy to boost steel sales
China auto sales hit record high in June
Liugang profit jumps in June
Nippon Steel holds its H-beam prices for July contracts
Feng Hsin rebar output up on public projects
Rebar offer prices jump in Singapore
Japan, China oppose BHPB-Rio ore merger, protectionism
Japanese surprise at Thai nudge on project

North America
Rail import growth in US market led by Japan and Italy
US rod imports from Venezuela on the rise
Pickens nixes American plan for world's largest wind farm
Industry survey shows bottom is near, but slump continues
Evraz NA's OCTG, plate capacity utilization around 25%

Latin America
End users predict flats price hikes for August/September
Sidor's retail arm sales better than expected

Middle East & Africa
Saudi Arabian rebar prices unchanged, export plans delayed
EZDK plans to expand its flat product capacity
Exports to Africa surge, despite economic slowdown
Mobarakeh exports coils to Bangladesh and Pakistan

Scrap & Raw Materials
Met coal firm eyes senior stock exchange after move
Ironmakers from Minas Gerais start shipping to

Asia
Goldman Sachs upgrades Peabody, downgrades Arch
Capesize freight rates sink on inactivity, easing congestion
Shougang Hierro Perú gradually recovering output
Vale to resume iron ore output at Gongo Soco mine
Indian iron ore price stable in China
July spot iron ore shipments from miners may decrease
China Erdos to triple SiMn capacity by year-end
Korean domestic scrap prices rise ahead of summer
Venezuelan HBI exports prices flat in July

Stainless steel & Ferro-alloys
Turkish stainless coil imports see some revival in May
TK Stainless: no plans to cancel new US mill
Xstrata-Merafe raises FeCr output
Benxi Steel breaks ground for stainless CR mill: reports
Daido Steel lifts austenitic longs prices
TK Stainless contests EC penalty over alleged price fixing

Tubes & Pipes
Hollow section prices could go up in central Europe
EU automotive tube orders show slight upturn
New Chinese pipelines to consume 15m t of pipe

[verwijderd] 10 juli 2009 12:49

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SBB Global Market Outlook- July 2009

Producers pushing up flats prices, but longer-term demand may not be firm enough

Full Daily Briefing subscribers have just received the latest issue of the SBB Global Market Outlook.

In this month's issue I assess the results of the improved demand for flat products in most regions. I look at the likely future market trends for flat and long products until Q4 globally, and whether destocking has finished. In US and Europe, long products pricing has been weaker but Asian price levels for all products are increasing strongly.

I also look at May's production figures that showed global output to have increased by around 6.5 million tonnes last month. China’s output increased again, and production in Europe and US increased visibly from their recent low levels. Generally, demand improved during June, but holiday seasons may mean this will not continue, and I assess prices across the key regions.

[verwijderd] 10 juli 2009 12:53

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Latest news from SBB
Rising flat products propel slab import prices in E. Asia
Demand fundamentals remain weak - WSR
N. European coil prices set to rise slowly
US and EU companies expect higher prices: The Steel Index
CIS pig iron export market continues to strengthen
ArcelorMittal delaying $600m Mexico bar mill

Europe
MPs urge UK government to cut energy cost for steelworks
Southern Europe expects some recovery after the summer
Mills warned to keep supply tight or risk price gains
Evraz raises around $900m in new capital
Corus axing production jobs at Scunthorpe
GSW forsees wire rod price rise for September
Turkish bar exports fell in June
Corus seen going for €30/t price rise for Q4 deliveries
Erdemir increases extras on strip products by $10/t
Production cuts at Greek mills still at least 30-40%

Asia
CSC, Posco to lift HRC, CRC export prices to Japan
Sail cuts longs prices, keeps flats unchanged
India rules out hike in steel import duties
Chinese H-beam prices strengthen on mill hikes
Pakistan flat steel supply short, prices rise
YK Steel to build new melting, rolling facilities in Busan
China daily steel output highest for twelve months
China lifts rail output on strong sector investment
Baosteel forecast to raise HRC prices for August
Pakistan Steel raises billet price, second time this month

North America
July shaping up to be slow for US industry
With surcharge settled, August US plate prices still unclear
US wide flange beam prices likely to rise for August
AK Steel announces price increases for US sheet products

Latin America
CSN increases shipments to US, Portuguese subsidiaries
Brazilian wire rod demand improving
Middle East & Africa
Iran seeks new funding for 8m t/y semis projects

Stainless
Asian stainless prices hold steady
NSSC agrees 26% FeCr price rise with Xstrata-Merafe
Allegheny projecting Q2 profit of $3m

Scrap & Raw
Japanese scrap export prices continue rising
Higher domestic prices boost China FeCr import prices
Iron ore stockpiles slightly increase at Chinese ports
BHPB-Rio talks could slow rail/port access for junior miners
Chinese FeSi prices inch higher, EMM, FeMn, SiMn quiet
Bloom Lake iron ore mine - clarification
Shanxi raises coke reference price for July
China probes mills as part of Rio Tinto 'espionage' case
Turkish pig iron imports started to recover in May
Vetorial looks to capitalize on increase in pig iron prices
Brazilian iron ore shipment to China rescheduled
US Steel Canada to idle Lake Erie coke ovens

Tubes & Pipes
Korean SAW pipe maker plans new 70,000 t/y mill
China’s welded pipe prices steady
Global oil/gas drill rig numbers remain at a low level
Turkish pipemakers struggle to cover higher strip costs
Russia's TMK may build pipe mill in Africa

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