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Metal Market Magazine June19

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June 2019 COPPER CLUB 75TH ANNIVERSARY Diego Hernandez and other leaders on copper’s past, present and future Metals technologies Top steelmakers 2019 edition PIONEERS AT HEART AD-Pioneers-at-Heart-EN-vek-280x215_FINA.indd 1 21.01.2019 10:01:13 June Features 20 20 Turkish steel Iron ore Copper Club 75th 67 85 anniversary Tariffs trouble India’s iron ore industry Sonami president Diego As a major scrap-based Divisions over the best Hernandez relates the steel-producing nation ways to exploit India’s roles that have led him with multiple export extensive iron ore to the pinnacle of copper SONAMI markets, Turkey has been resources continue mining hit by international trade 29 quotas and tariffs Spotlights How the club began Metals Technologies 90 A fascinating account Market spotlight: High- of the Copper Club’s 73 performance metals history, its scholarship New orders and Ever more demanding and awards programs, innovation applications for metals profiles of some of A summary of new orders continue to push greater its leading members, worldwide and examples efforts to increase their and viewpoints on the of technological performance metal’s outlook innovations 95 Top steelmakers 81 End user spotlight: Case study: cold mill Automotive 55 technology Material choices Top steelmakers The new cold mill for electric vehicle 2019 edition complex built for Yildiz production are widening Our annual table of the Demir Çelik in Turkey is as the growing number top global steelmakers a case study in state-of- of new EV models with our regional the-art technology accelerates correspondents’ reviews of market and industry 29 90 trends COPPER CLUB COPPER 67 SHUTTERSTOCK CONSTELLIUM June 2019 | Metal Market Magazine | 3 June News and analysis Regulars 9 9 7 Non-ferrous Comment news review Ferrous and non-ferrous A summary of recent key developments in the international non- 97 ferrous industries Innovations New developments SHUTTERSTOCK in steel and metals 12 12 technology, processes Steel news review and products A round-up of important recent developments in the global iron and 98 steel sectors End-user Advances and market developments in 16 applications Base metals and MOTORS GENERAL steel analysis 98 Fastmarkets MB research analysts study the drivers of the base metals, steel and steel raw materials market TOKYO2020.ORG Disclaimer This Disclaimer is in addition to our Terms and Conditions as available on our website and shall not supersede or otherwise affect these Terms and Conditions. Prices and other information contained in this publication have been obtained by us from various sources believed to be reliable. This information has not been independently verified by us. Those prices and price indices that are evaluated or calculated by us represent an approximate evaluation of current levels based upon dealings (if any) that may have been disclosed prior to publication to us. Such prices are collated through regular contact with producers, traders, dealers, brokers and purchasers although not all market segments may be contacted prior to the evaluation, calculation, or publication of any specific price or index. Actual transaction prices will reflect quantities, grades and qualities, credit terms, and many other parameters. The prices are in no sense comparable to the quoted prices of commodities in which a formal futures market exists. Evaluations or calculations of prices and price indices by us are based upon certain market assumptions and evaluation methodologies, and may not conform to prices or information available from third parties. There may be errors or defects in such assumptions or methodologies that cause resultant evaluations to be inappropriate for use. Your use or reliance on any prices or other information published by us is at your sole risk. Neither we nor any of our providers of information make any representations or warranties, express or implied as to the accuracy, completeness or reliability of any advice, opinion, statement or other information forming any part of the published information or its fitness or suitability for a particular purpose or use. Neither we, nor any of our officers, employees or representatives shall be liable to any person for any losses or damages incurred, suffered or arising as a result of use or reliance on the prices or other information contained in this publication, howsoever arising, including but not limited to any direct, indirect, consequential, punitive, incidental, special or similar damage, losses or expenses. We are not an investment adviser, a financial adviser or a securities broker. The information published has been prepared solely for informational and educational purposes and is not intended for trading purposes or to address your particular requirements. The information provided is not an offer to buy or sell or a solicitation of an offer to buy or sell any security, commodity, financial product, instrument or other investment or to participate in any particular trading strategy. Such information is intended to be available for your general information and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions. Your investment actions should be solely based upon your own decisions and research and appropriate independent advice should be obtained from a suitably qualified independent adviser before any such decision is made. 4 | Metal Market Magazine | June 2019 Ark of China CIMM Group Global Graphite Electrode Production & Service Open Ecosystem Platform Job Opportunities We recruit Technical Support Engineers, Sales Engineers and Regional Sales Managers, Marketing Directors for European, American, Japanese, Korean, Middle East, Russian markets. Contacts Cola Jin [email protected] Mobile: +86-13591164452 Wechat: cola_jin_dl Thomas Yi [email protected] Mobile: +86-13889693358 Wechat: yxptom CIMM GROUP CO LTD 2/F, Zhiye Plaza, 135 Guangxian Road, Dalian High-Tech Industrial Zone, Dalian, Liaoning, China 116023 Room 512, Tower A, Techart Plaza, No. 30 Xueyuan Road, Haidian Dist., Beijing 100083 Tel: +86-411-6288 5583 | Fax: +86-411-6288 5581 | Web: www.cimmuk.com | Email: [email protected] DRIVING QUALITY THROUGH TECHNOLOGY. Ezz Steel leads the way in its commitment to adopting the most advanced steelmaking technology. A policy of continuous investment in the latest plants and processes has enabled us to increase our capacity and steel quality to meet the demands of a growing worldwide customer base. Our fully integrated processes and technical excellence give you the assurance of reliable supplies of the highest quality wire rod, rebar and flat steel. Trust a steelmaker with the technology to take you forward. ezzsteel.com Ezz Steel_Driving QualityAdvert_209mmX274mm.indd 1 12/02/2018 15:32 Comment Ferrous and non-ferrous Magazine t would be interesting to know how many of the Published by Fastmarkets. North America steel editor: influential people in the US copper supply chain who 8 Bouverie Street,London EC4Y 8AX. Thorsten Schier UK registration number: 00142215 North America scrap editor: met at the birth of what became today’s Copper Club Tel: +44 20 7827 9977 Sean Barry thought then that the club would still be going strong Fax: +44 20 7928 6892 and +44 20 US reporters: Dalton Barker, 7827 6495 Michael Cowden, Patrick Fitzgerald, 75 years later. E-mail: [email protected] Lisa Gordon, James Lawrence, th Website: www.fastmarkets.com Brad MacAulay, Michael Roh, Orla As the Copper Club now celebrates its 75 O’Sullivan, Nat Rudarakanchana, anniversary, a major section of this June 2019 issue of Metal Market Magazine: Muyao Shen, Mei Ling Toh, Dom Editor: Richard Barrett Yanchunas Metal Market Magazine looks back at the organization’s Associate editor: Seema Chaudhary Global newsdesk editor: Mark Shaw Advertising Sales: purpose and activities. The club has increasingly US newsdesk leader: Sean Mayer Publisher: Mary Connors Senior sub-editors: Cecil Fung, Sara broadened its international outlook, launched Tel: 646 274 6250 Kelly (US), Wei Jun Lau, Renate Foster scholarships to support promising new members of a E-mail: [email protected] Mas (US), Tony Pettengell, Jeff Porter Global senior advertising manager, Sub-editors: Francesca Brindle, group that encompasses all aspects of copper production Europe/Turkey: Arzu Gungor Kyle Docherty Tel: +44 20 7827 5268 CEO: Raju Daswani and trade, and honours leading people who have been E-mail: arzu.gungor@ fastmarkets.com particularly active in the cause of copper. Senior sales manager, Midwest, West Offices: Coast, North America: Jessica Kelliher London: Fastmarkets, 8 Bouverie One such individual, Diego Hernandez, president of “Influential Tel: 312 929 4195 Street, London, EC4Y 8AX, UK. Tel: the Chilean mining association Sonami, is our cover E-mail: Jessica.Kelliher@ +44 20 7827 9977 stakeholders’ fastmarkets.com New York: Fastmarkets, 1120 Avenue interviewee this month. He recalls a career that has Regional sales manager, Middle of the Americas, 6th floor, New York, views on the East/Africa, Asia, UK: Kelly Huynh NY 10036, USA. Tel: +1 (212) 213 6202. spanned important international roles in some of the best Tel: +44 20 7779 8735 Toll free: 1 800 METAL 25, Fax: +1 known mining companies and projects, including outlook for E-mail: Kelly.huynh@ fastmarkets.com (212) 213 6617 Regional sales manager, East Coast, Pittsburgh: 707 Grant Street, Suite 1340, Codelco, Anglo American, Rio Tinto, BHP Billiton copper give a North America: George Reeves Pittsburgh, PA 15210, USA. Tel: 212 224 3938 Tel: +1 (412) 765 2580 and Vale. rounded picture E-mail: George.reeves@ Singapore: Quadrant at Cecil, 3F, fastmarkets.com 19 Cecil Street, Singapore, 049704 Other leading lights and award winners in the sector Shanghai: Fastmarkets, Room 305, of the future for Events and client services marketing 3/F, Azia Center, 1233 Lujiazui Ring recounting distinguished careers within the Copper manager: Adelaida Montilla the red metal” Road, Shanghai 200120. Tel: 212 224 3937 Club anniversary section include Art Miele, Richard Tel: +86 21 5877 0857.
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