Unicoil sets standards in pre-painted steel industry

Updated 06 August 2014

Unicoil sets standards in pre-painted steel industry

Universal Metal Coating Company Ltd. (Unicoil) — based in Jubail Industrial City — has been accredited with both the Saudi Quality Mark (SASO) and the Emirates Quality Mark (ESMA) by the concerned authorities of standardization and metrology for Unicoil’s products of pre-painted galvanized steel coils and sheets.
Unicoil, considered the largest producer of pre-painted steel in the Middle East, says it meets Saudi market needs and also exports to regional and international markets.
In fact, this is the first time for the authorities of standardization and metrology in both Saudi Arabia and the UAE to accredit quality marks to a company operating in the pre-painted steel industry.
Unicoil is known as the largest manufacturer concerned with high value added transformational industries in Saudi Arabia.
It owns five integrative lines of production distributed over Unicoil’s plants in Jubail Industrial City and Jeddah Industrial City.
Such lines produce 250,000 MTs of galvanized steel and 210,000 MTs of pre-painted steel and 18,000,000 LMs of PPGI sheets per annum.
Furthermore, the roll-formed PPGI sheets are the most popular end use of Unicoil products of PPGI coils.
They are used in such several fields where direct human contact is endurable as meat and vegetable cooling warehouses, refrigerating trucks, white magnetic boards, school playgrounds, sport halls, swimming pools, trade-shop doors, villa automatic garages, car parking shades etc.
In spite of the big excess in the local production of PPGI sheets, the local market has recently witnessed excessive imports from East Asia.
In fact, many of such imported products are found to go against the global and local specifications as the components of a PPGI sheet cannot be seen by naked eye.
As Unicoil has realized the impact of the imported products on the consumptive behavior, it has launched— as part of its social and industrial responsibility — a social education campaign under the title of “Know Your PPGI Sheets — Shinko.” This campaign aims at conveying a set of facts that are unrealized by those who are dealing with the roll-formed PPGI sheets.
Another campaign will be launched under the title of “Know Your Galvanized Sheets.”
In its first campaign of “Know Your PPGI Sheets — Shinko,” Unicoil shed light on some violations encountered in the components of a PPGI sheet made of imported pre-painted steel sheets.
Among such violations are that the sheet thicknesses — at the time of sale — is incorrectly declared as comparing to the actual thicknesses, the imported PPGI sheets are not compliant with the “Product Card” rule as per which the PPGI sheet components shall be shown on the final sale unit (i.e. the linear meter or LM).
The imported PPGI sheet also bears no references to the country of origin or the manufacturer as these are necessary so the manufacturing liability can then be detected.
Moreover, the commercial applications in the market lack to transparent disclosure of the components of pre-painted or galvanized steel sheets in their sales invoices made by the traders to end customers.
The “Know Your PPGI Sheets — Shinko” campaign has highlighted the fact that some of the imported pre-pained steel sheets contain less masses of Zinc than the global specification requirements.
In fact, the Zinc mass in a steel sheet is definitely the most critical factor of rustproof or stainlessness.
In addition, the paint type of several imported products, contain the harmful substance of lead, which causes big health and environmental damages.
Universal Metal Coating Company Ltd. (Unicoil ) has achieved ISO 9001:2008 certification.
It is also an active member in several international organizations in regard with the world certification of industrial standards, mostly importantly the memberships in ASTM International in which Unicoil has been recently enabled to be a participating member voting on new US standards and revisions to existing standards and the National Coil Coating Association (NCCA) along with many other international memberships.

Oil prices rise on gains prompted by tensions between US and Iran

Updated 25 June 2019

Oil prices rise on gains prompted by tensions between US and Iran

  • Russian energy minister praises international cooperation to stabilize oil markets

LONDON: Oil prices rose on Monday, extending large gains last week that were prompted by tensions between Iran and the US, as Washington was set to announce new sanctions on Tehran.

West Texas Intermediate crude was up 50 cents, or 0.87 percent, at $57.93 a barrel.

Brent futures were up 9 cents, or 0.14 percent at $65.29 a barrel by 1040 GMT.

US President Donald Trump said on Friday he called off a military strike in retaliation for the shooting down of a US drone by Iran, saying the potential death toll would be disproportionate, adding on Sunday that he was not seeking war.

Oil prices surged after Iran shot down the aircraft on Thursday that the US claimed was in international airspace and Tehran said was over its territory.

Brent racked up a gain of about 5 percent last week, its first weekly gain in five weeks, and WTI jumped about 10 percent, its biggest weekly percentage gain since December 2016.

But US Secretary of State Mike Pompeo said “significant” sanctions on Iran would be announced on Monday aimed at further choking off resources that Tehran uses to fund its activities in the region.

British Foreign Minister Jeremy Hunt said the UK believed neither the US nor Iran wanted a conflict but warned tensions could lead to an “accidental war.”

Also boosting prices, global supply may remain tight as OPEC and its allies including Russia appear likely to extend their oil cut pact at their meeting July 1-2 in Vienna, analysts said.

“An extension of OPEC+ production cuts through the end of the year seems highly likely given recent price action,” US investment bank Jefferies said in a note.

“The market expects an extension though, and any failure could see oil price gap down. The probabilities favor restraint however,” it added.

Russian Energy Minister Alexander Novak on Monday said international cooperation on crude production had helped stabilize oil markets and is more important than ever.

“There is a good example of successful cooperation in balancing the oil market between the OPEC countries and non-OPEC. Thanks to joint efforts, we today see a stabilization of world oil markets,” Novak said.

Boosting oil demand, prospects of a near-term interest rate cut by the Federal Reserve aimed at bolstering the US economy have weakened the dollar.

Oil is usually priced in dollars, and a slide in the value of the weaker greenback makes it cheaper for holders of other currencies.

Separately, Iranian crude exports have dropped so far in June to 300,000 barrels per day (bpd) or less after the US tightened the screws on Tehran’s main source of income, industry sources said and tanker data showed, deepening global supply losses.

The US reimposed sanctions on Iran in November after pulling out of a 2015 nuclear accord between Tehran and six world powers. Aiming to cut Iran’s sales to zero, Washington in May ended sanctions waivers to importers of Iranian oil.

Iran has nonetheless sent abroad about 300,000 bpd of crude in the first three weeks of June, according to two industry sources who track the flows. Data from Refinitiv Eikon put crude shipments at about 240,000 bpd.

“It’s a very low level of real crude exports,” said one of the sources.

The squeeze on exports from Iran, a member of the Organization of the Petroleum Exporting Countries, is a key factor for the producer group and its allies, which meet on July 1-2 to decide whether to pump more oil in the rest of 2019.

Iran’s June exports are down from about 400,000-500,000 bpd in May as estimated by the industry sources and Refinitiv and a fraction of the more than 2.5 million bpd that Iran shipped in April 2018, the month before President Donald Trump withdrew the US from the nuclear deal.

Iranian exports have become more opaque since US sanctions returned in November, making it harder to assess volumes.

Tehran no longer reports its production figures to OPEC and there is no definitive information on exports since it can be difficult to tell if a vessel has sailed to a specific end-user.

Refinitiv Eikon data showed Iran has exported 5.7 million barrels of crude in the first 24 days of June to the United Arab Emirates, Turkey, Singapore and Syria, although these may not be the final destinations.

Kpler, another company which tracks oil flows, estimates that Iran loaded 645,000 bpd of crude and condensate, a light oil, onto tankers in the first half of June, of which 82 percent are floating in Gulf waters.

That would put actual crude exports in the first half of the month even lower than 300,000 bpd.

“American restrictions are having a clear effect on Iran’s ability to sell into global markets,” Kpler said.