Global seamless tubes imported shocks, as well as the increasingly stringent carbon governance
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Global imports of seamless political shocks as well as the increasingly stringent carbon emission, Luxembourg Schifflange long plant will permanently shut down, and is now its turn to homes, offices and common infrastructure to conduct a feasibility study. The factory at the end of 2012, has stopped production of wire rod, 2011 4 quarterly production of seamless tube production. In addition, in late December last year, in Spain Asturias (Asturias) and France Fox factory (Fos-sur-Mer) for a few days of shutdown, Spain Asturias plants shut down for eight days, France Fox factory shut down for ten days. Francetwo blast Florange plant has been temporarily shut down. Located in Spain in Gijon in the North Mill (Gijon) rail, and plate rolling mill will be upgraded, in which the rail mill investment of $ 24 million, transformation is complete will be able to produce longer rail, plate mill in new quality control equipment.Francein Northern Dunkerque plant (Dunkirk) 2nd BF upgrade has been completed. In addition, it plans to invest 160 millionPolandzloty (about 37 million euros) to Poland Dabrowa Gornicza Mills (DabrowaGornicza) 3rd converter workshop dust collection system of dust removal system in sintering machine and upgraded to further reduce dust emission of the plant to meet EU industrial emissions regulations. ArcelorMittalPolandexpects to make the plant fully meets EU emission regulations, requires investment of 400 million euros.Germanymarket in ArcelorMittal continues to occupy an important place in the strategy of future development, ArcelorMittal hopes its technology advantage, as much as possible to improve the car and home appliance with a high added value and high quality steel production fromGermanyauto and home appliance export growth will the indirect exports of steel products which will benefit. The company will invest a total of 90 million euros inGermany,Bremen,Hamburg,DuisburgandEssenxutengsitate 4 investing in seamless steel tube plant modernization. 4 steel crude steel output accounts for ArcelorMittal the European Division of the one-fifth. Double flow slab continuous casting machine atBremen, our modernization has been completed. Decline in steel demand inEurope, hit by the cheap steel imports, as well as the increasingly stringent carbon emission policies, European steel is stressful. Arcelor Mittal company's European mills invest in upgrading, while the closure of high cost, inefficient Mills, production optimization and upgrade competitiveness. In response to the challenge, Arcelor Mittal company continues to adjust to global capacity layout, optimize production and reduce costs. In fact, since the 2008 global financial crisis, the company has begun to adjust its development strategy, instead of the large acquisitions expanded flat, stable became the core of its development. Affected by the decline in global demand for seamless pipes, excess supply, the impact of low steel prices and continued to innovate, in 2015, the world's largest steel manufacturer on Seroxat by Mittal group losses of 7.9 billion dollars, and has 4 losses in a row. 2016 year of global steel industry remains very challenging, the company expected, global apparent consumption of seamless tubes will stabilize this year at last year's levels, United States expected to rose 3%-4%, Europe's largest 1% increase, China will decline by 1%.http://www.lctrgg.com/