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voda 19 januari 2022 06:47

0

Heating of Coke Oven Starts at NMDC’s Nagarnar Steel Plant

Strategic Research Institute
Published on :
19 Jan, 2022, 5:16 am

Patrika reported that the LPG-induced heating of coke ovens was started at NMDC’s Integrated Steel Plant Nagarnar Steel Plant on 17 January 2022. It will be followed by the commissioning of the first unit of the Coke Oven Plant after 75 days. The chimney needs to be sufficiently heated before battery heating, which is why the process of heating the battery chimney was started last month. It is only after 90 days of heating of the chimney and the battery that the coke oven begins to form. The combined annual capacity of the coke oven battery is 1.68 million tonnes per year, while steel plants annual coking coal requirement is about 2.2 million tonnes

NMDC management is claiming that the plant will start functioning in March but the current situation says that it is not possible to do so at the moment. The peak of the third wave is yet to come, so even then the work will be affected. Foreign experts are yet to come for the testing of many packages and their arrival is possible only after the third wave is over.

The plant site is around 16 km from Jagdalpur. Ministry of steel has engaged MECON under a contract dated 23 February 2011 for Engineering, Design and Consultancy services for upcoming Steel Plant Nagarnar. MECON is providing Procurement Services, Basic Engineering Services, Detailed Engineering Services, Designer’s Supervision Services, Inspection Services, Assistance in Commissioning Services and other General Services. The entire plant is being installed in less than 1,800 acres of land and has the following major facilities

Coke Oven & By Product Complex – 2 x 7 meter Tall Batteries

Sinter Plant- 460 square meters

Blast furnace complex - 4,506 cubic meters

Steel Melting Shop - 2 x175 tonne BOF Converters

Ladle furnace - 2 x 175 tonnes

RH-OB - 2 x 175 tonnes

Thin Slab caster - 2 Strand CC

HSM

voda 19 januari 2022 06:48

0

EUROFER Welcomes Extension of AD Duty on CRGO while JISF Regrets

Strategic Research Institute
Published on :
19 Jan, 2022, 5:18 am

The Japan Iron and Steel Federation believes that it is inappropriate and regrettable that the European Commission has rejected our statements and concluded to continue the anti-dumping measures on grain-oriented flat-rolled steel products from Japan and the Japanese steel industry will carefully study this decision and determine a proper course of action.

On the other hand European Steel Association EUROFER has welcomed the extension saying that will help EU GOES producers keep contributing to Europe’s energy efficiency and climate targets of reducing greenhouse gas emissions. EUROFER Director General Mr Axel Eggert said “The EU energy security and climate objectives can only be met by maintaining a viable European GOES industry. GOES is a strategic, high-end product, and the European Union cannot be dependent for its supply on foreign mills located in Asia, Russia or the United States.”

GOES is a highly specialized steel product manufactured by only around 20 mills in the entire world, out of which four are located in the European Union. GOES is a vital component in the production of transformer cores

On 17 January 2022, the European Commission announced that as a result of the expiry review investigation, to continue the anti-dumping measures in the form of Minimum Import Prices on grain-oriented flat-rolled products of silicon-electrical steel imported from Japan, China, Russia, South Korea and the United States for five years.

voda 19 januari 2022 06:48

0

AM Mining Frontrunner to Acquire Indian Steel Corp - Report

Strategic Research Institute
Published on :
19 Jan, 2022, 5:21 am

Economic Times, citing people aware of the matter, reported that AM Mining Pvt Ltd, an affiliate of ArcelorMittal India, is the front runner for acquiring Indian Steel Corporation that was admitted for debt resolution by the bankruptcy court after proceedings were initiated by Bain Capital-Piramal Enterprises backed India Resurgence Asset Reconstruction Company in October 2021. Sources added “The resolution professional Ajay Joshi received four expressions of interest last week from A M Mining Pvt Ltd, Jindal Steel & Power, Metro Global Pvt Ltd and Khandwala Finstock.”

Indian Steel's verified financial creditors' claim stood at INR 2,704 crore, according to the disclosure made by the RP. Nearly 70% of the company's verified debt has been acquired by India Resurgence ARC from various lenders. Currently, Punjab National Bank holds about 20% of the debt. Its largest lender State Bank of India exited by selling its NR 929 crore debt to India Resurgence ARC for INR 360 crore in 2019, a recovery of 40%

Indore Madhya Pradesh Indian Steel Corporation was promoted by the promoter of Ruchi Group, the Shahra family, in 2002. Subsequently, Japan's Mitsui & Company acquired a 20% stake in the company. Attempts to recast its debt did not progress and by 2018 it defaulted to lenders.

voda 19 januari 2022 06:50

0

Indian Steel Association Lays 8Point Agenda as Budget Expectations

Strategic Research Institute
Published on :
19 Jan, 2022, 5:24 am

Indian Steel Association lays down a focused 8-point agenda as Budget 2022-23 expectations to help create a Level Playing Field to Indian steel makers. Indian Steel Association President Mr Dilip Oommen said “As a vital contributor to the economy, Steel Industry looks forward to the Union Budget 2022-23 for more fund allocation and the front loading for Government Infrastructure projects that will augment the metal’s demand, apart from zero import duty on input raw materials for a level playing field. These measures are imperative to promote domestic production that will give a much-needed push for self-reliance, besides providing an edge against foreign steel manufacturers. There is also an immediate requirement of a policy on green economy and green financing for future steel capacity building while ensuring a level playing field.”

Indian Steel Association Secretary General Mr Alok Sahay added "ISA's submission to the government ahead of the Union Budget has covered a wide spectrum of concerns of the Indian steel players. Our memorandum highlights the issues that need to be resolved for the steel sector to grow from the current installed capacity of 144 million tonnes to 300 million tonnes, as laid down by the National Steel Policy unveiled in 2017. Reduction and rationalization of certain duties along with certain policy measures will help create a Level Playing field in the Global arena specially in a context where 2/3rd of imports from Countries having FTA with India arrive at zero basic customs duty, who do not incur similar costs. We humbly request the finance ministry to consider our memorandum and hope that the government intervenes with the required measures."

1) Reduction of Basic Customs duty on Coking coal, SS Scrap, Nickel to nil since the availability of these input raw materials is very low

2) Bringing Petrol, Oil, Lubricants and natural gas under the purview of GST, since no input credit is available on these inputs

3) Waiver of Coal Cess & Refund of Input tax credit on GST compensation cess of INR 400 per tonne of coal consumed for domestic steel sales

4) Steel Import Monitoring System needs to be integrated with real-time import database & Indian Customs Electronic Gateway ICEGATE to bring in discipline and make the SIMS more meaning full

5) Removal of Lesser Duty Rule as it is not binding upon WTO Members and its application is optional. Due to the LDR being applicable in India, majority of tariff remedial measures imposed remain ineffective and become redundant quickly.

6) Inclusion of Iron and Steel in RoDTEP scheme to bring Indian steel industry at par with global competitors and boost export competitiveness of the downstream industries using steel as a major input raw material

7) The Ministry of Finance needs to review restoration of Antidumping Duties and Countervailing Duties suspended by the Government

8) Notifying Antidumping duties on Hot Rolled Steel, Cold Rolled Steel, Color Coated Steel and Wire Rods recommended by DGTR after sunset review investigation.

gerard45 19 januari 2022 17:34

0

quote:
voda schreef op 19 januari 2022 06:50:
Indian Steel Association Lays 8Point Agenda as Budget Expectations

Strategic Research Institute
Published on :
19 Jan, 2022, 5:24 am

Indian Steel Association lays down a focused 8-point agenda as Budget 2022-23 expectations to help create a Level Playing Field to Indian steel makers. Indian Steel Association President Mr Dilip Oommen said “As a vital contributor to the economy, Steel Industry looks forward to the Union Budget 2022-23 for more fund allocation and the front loading for Government Infrastructure projects that will augment the metal’s demand, apart from zero import duty on input raw materials for a level playing field. These measures are imperative to promote domestic production that will give a much-needed push for self-reliance, besides providing an edge against foreign steel manufacturers. There is also an immediate requirement of a policy on green economy and green financing for future steel capacity building while ensuring a level playing field.”

Indian Steel Association Secretary General Mr Alok Sahay added "ISA's submission to the government ahead of the Union Budget has covered a wide spectrum of concerns of the Indian steel players. Our memorandum highlights the issues that need to be resolved for the steel sector to grow from the current installed capacity of 144 million tonnes to 300 million tonnes, as laid down by the National Steel Policy unveiled in 2017. Reduction and rationalization of certain duties along with certain policy measures will help create a Level Playing field in the Global arena specially in a context where 2/3rd of imports from Countries having FTA with India arrive at zero basic customs duty, who do not incur similar costs. We humbly request the finance ministry to consider our memorandum and hope that the government intervenes with the required measures."

1) Reduction of Basic Customs duty on Coking coal, SS Scrap, Nickel to nil since the availability of these input raw materials is very low

2) Bringing Petrol, Oil, Lubricants and natural gas under the purview of GST, since no input credit is available on these inputs

3) Waiver of Coal Cess & Refund of Input tax credit on GST compensation cess of INR 400 per tonne of coal consumed for domestic steel sales

4) Steel Import Monitoring System needs to be integrated with real-time import database & Indian Customs Electronic Gateway ICEGATE to bring in discipline and make the SIMS more meaning full

5) Removal of Lesser Duty Rule as it is not binding upon WTO Members and its application is optional. Due to the LDR being applicable in India, majority of tariff remedial measures imposed remain ineffective and become redundant quickly.

6) Inclusion of Iron and Steel in RoDTEP scheme to bring Indian steel industry at par with global competitors and boost export competitiveness of the downstream industries using steel as a major input raw material

7) The Ministry of Finance needs to review restoration of Antidumping Duties and Countervailing Duties suspended by the Government

8) Notifying Antidumping duties on Hot Rolled Steel, Cold Rolled Steel, Color Coated Steel and Wire Rods recommended by DGTR after sunset review investigation.

oke voda,,, thanks for the info

kaas84 19 januari 2022 19:01

0

19 January 2022, 18:00 CET

ArcelorMittal (the “Company”) announces that on 19 January 2022 it received a shareholding notification from BlackRock Inc.

According to the notification, the following thresholds of (potential) voting rights were reached:

- 5.24% on 18 January 2022.

These notification is available in the Luxembourg Stock Exchange’s OAM electronic database on www.bourse.lu and on the Company’s website corporate.arcelormittal.com under “Investors - Corporate Governance - Shareholding structure”.

This notification is published in reference to the Luxembourg law and the Grand Ducal regulation of 11 January 2008, on transparency requirements for issuers of securities (‘Transparency Law’) in view of a shareholding notification going above or below the 5% of voting rights threshold.

ENDS

max2 19 januari 2022 20:14

0

Veel informatie van VODA. Dank daarvoor.
Ben benieuwd hoe hij de toekomst zelf ziet voor AM. En dan graag voor de toekomst van dit jaar.

voda 20 januari 2022 07:57

0

Mechel-Delivers Steel Beams for New Mirny Airport Terminal

Strategic Research Institute
Published on :
20 Jan, 2022, 4:59 am

Russian steel maker Mechel Group's metal trading company Mechel Service has begun shipping 700 tonnes of rolled steel for the construction of the new Mirny airport in the Republic of Sakha in Yakutia in Russia. Beam, shaped and flat products produced by the Chelyabinsk Iron and Steel Works will be used in the manufacture of metal structures of the airport's main terminal.

The new Mirny airport will provide air communication with the largest cities of Russia, and will also be an alternate airport on transcontinental routes from North America and Europe to Asia. The site for the construction of a new runway is located 6 kilometers east of the center of Mirny. The contractor is currently working on the embankment of the runway, apron, taxiways and patrol road. The construction of the majority of airfield infrastructure facilities at Mirny Airport is financed from the federal budget. Completion of the project and commissioning is planned for 2023.

voda 20 januari 2022 07:58

0

Explosion at US Steel’s Great Lakes Ecorse Works Hurts 2 Workers

Strategic Research Institute
Published on :
20 Jan, 2022, 5:04 am

Local media reported that 2 people were hurt after a gas leak sparked an explosion at the US Steel Corps facility in Ecorse in state of Michigan in US. Both people hurt were employees. The incident was in the main plant boiler at Great Lakes Works. US Steel spokeswoman Ms Amanda Malkowski said "At this point, there do not appear to be any life-threatening injuries. We are currently assessing the situation and will provide updates as they become available. We thank the local fire crews for their assistance."

Ecorse Deputy Police Chief Jerry Flowers said teams are trying to turn off the valve that supplies natural gas to the part of the plant where the explosion occurred.

Day-to-day operations are continuing at the facility

US Steels Great Lakes Works, situated along the Detroit River in the communities of Ecorse and River Rouge in Michigan, contains both steelmaking and finishing facilities that manufacture hot-rolled, cold-rolled and coated sheet steels that are used primarily by customers in the automotive industry.

voda 20 januari 2022 07:58

0

British Steel Joins By-Products Research Project FeRICH

Strategic Research Institute
Published on :
20 Jan, 2022, 5:08 am

British Steel is taking part in a GBP 1.4 million research project to increase the utilization of some of waste material for the sustainable manufacture of cement. Researchers from The University of Sheffield Department of Materials Science and Engineering are developing processes and technologies for incorporating unprecedented amounts of iron-rich by-products from the steel industry and utilizing them in cement processing. The cement industry worldwide is currently responsible for around 8% of global CO2 emissions. Cement processing uses a significant amount of calcium in the form of limestone. When these chalky materials are processed, almost half of the mass is released as CO2. If this bulk material could be substituted for an alternative, this could significantly reduce cement’s environmental impact.

The research project will also look at the possible beneficial aspects of other elements, like zinc, in cement manufacture.

Starting in June 2022, the project will be named ‘FeRICH: developing iron-rich cement for the valorisation and upcycling of steel slags’. It will assess ways to upcycle the by-products of the steel industry leading to iron-rich resources, and the formulation of final cement and concrete products which can be adopted by the construction industry.

Other partners of the FeRICH project are Heidelberg Cement Group Hanson, Flemish Institute of Technology VITO and Institute of Building Materials Research RWTH Aachen University. It has been supported with a grant from the Engineering and Physical Sciences Research Council.

voda 20 januari 2022 07:58

0

Leeco Steel Names Ms Jackson & Mr Delay as Directors Of Operations

Strategic Research Institute
Published on :
20 Jan, 2022, 5:12 am

Leading supplier of steel plate in North America Leeco Steel announced the promotion of Ms Lacey Jackson to Director of Operations North and Mr Michael Delay to Director of Operations South and Canada. In these newly created roles, Ms Jackson and Mr Delay will oversee and manage the operations of Leeco’s US and Canada distribution centers. Ms Jackson will oversee operations in Leeco’s Oshkosh in Wisconsin, Sioux Falls in South Dakota, Ambridge in Pennsylvania, Portage in Indiana and Catoosa in Oklahoma plants, while Mr Delay will oversee operations in Leeco’s Chattanooga in Tennessee, Joshua in Texas Houston, Pendergrass in Georgia and Hamilton in Ontario plants.

Ms Jackson started her career with Leeco in 2017 as Logistics Manager. She was later promoted to manage Leeco’s Sioux Falls-area plant in addition to Leeco’s logistics team.

Mr Delay started his career with Leeco in 2010 as Warehouse Supervisor in Chattanooga, becoming Regional Operations Director of Leeco’s Chattanooga and Pendergrass facilities in 2019. He took on the responsibility of overseeing Leeco’s Hamilton facility in 2020.

Leeco Steel began in 1882 as Leopold Cohen Iron and Metal. The company’s founder Mr Leopold Cohen set up shop on Chicago’s west side at 300 Kedzie Avenue South. The business spanned three generations and worked through a century of progress as it continued to strategically place facilities across the United States to better service its customers. Leeco Steel remained family-owned until 1997 when employees partnered with an investment firm to buy the company. That group of dedicated employees ran a successful ESOP until 2005 when it was purchased by O’Neal Industries. O’Neal Industries is a family of closely related companies, all engaged in the metals industry. Leeco Steel maintains one of the nation's largest inventories of carbon, HSLA, and alloy steel that come from the premier mills domestically and worldwide.

voda 20 januari 2022 07:59

0

EVRAZ Develops 2 Type of Rails for Africa at ZSMK Plant

Strategic Research Institute
Published on :
20 Jan, 2022, 5:16 am

Russian steel maker EVRAZ’s ZSMK plant had developed new rails for African countries Two types of rails, SAR48 and SAR57, with parameters according to European standard EN13674-1:2011+A1:2017, were mastered at the rail and beam shop of EVRAZ ZSMK. The products are intended for public railways. EVRAZ plans to deliver new rails in lengths from 18 to 60 meters for African countries in 2022.

The development of the new rails was carried out in accordance with the drawings of Transnet, the largest railway operator in South Africa. Employees of the calibration bureau of the EVRAZ ZSMK rail and beam shop developed templates and a new calibration of rail profiles. It involves an increased number of universal calibers and the use of a free-standing universal finishing stand. The new rolling method has improved the geometry and straightness along the entire length of the rails. When developing the technology, metallurgists tested three hardening modes, developed a cooling technology and a rail straightening mode.

The new rails are made of R350LHT steel with high chromium content. This affects the quality of metal heat treatment, which in turn increases the hardness of the finished product. The technology developed by EVRAZ metallurgists made it possible to obtain low values of residual stresses in the rail sole, and the obtained values of mechanical properties and hardness on the tread surface and in cross section significantly exceeds the requirements of the European standard. These characteristics directly affect the service life of the rails.

voda 20 januari 2022 08:00

0

JFE Steel Deploying Training Simulator Utilizing MR for Training

Strategic Research Institute
Published on :
20 Jan, 2022, 5:19 am

Japanese steel maker JE Steel is promoting the transfer of skills to young employees-using advanced technology. JE Steel has recently deployed a training simulator that utilizes the latest Mixed Reality technology at the West Japan Works in Fukuyama area in Japan. In addition to the molten steel casting amount adjustment work introduced in Kurashiki Ward in 2020, JE Steel has also introduced an MR training simulator in the tilting operation industry of converters and has already started operation. With the newly introduced converter tilt simulator, not only the normal work of tilting the converter and transferring the molten steel to another pot, but also scenarios of abnormal situations such as power outages are prepared, and it is expected. Training for unexpected operational changes and abnormal situations can be carried out in the same environment as actual work.

Virtual Reality is a technology that creates a virtual space with a computer. Augmented Reality is a technology that expands the real world by adding information to the real space. On the other hand, MR refers to a technology that mixes real space and virtual space and builds a new space where both coexist in real time.

In addition, regarding the molten steel casting amount adjustment simulator, JE Steel is enhancing the variation of training, such as adding scenarios of abnormal situations based on the already introduced Kurashiki area.

In the future, JFE Steel will introduce a converter tilt simulator to Kurashiki Ward and deploy MR training simulators to all steelworks and factories to further promote the transfer of skilled skills to young employees.

JFE Steel has established the JFE Digital Transformation Center and are actively promoting digital transformation, such as promoting the construction of a company-wide integrated cyber-physical system for steel mills. By doing so, JE Steel aims to achieve innovative productivity improvements and stable operations. Going forward, JFE Steel will continue to contribute to the realization of a sustainable society by solving issues in all fields, including technology transfer and work style reforms at manufacturing sites, through DX.

voda 20 januari 2022 08:04

0

ArcelorMittal Poland Investing in Cold Rolling Mill in Kraków

Strategic Research Institute
Published on :
20 Jan, 2022, 5:21 am

ArcelorMittal Poland will invest over PLN 100 million in its cold rolling mill in Kraków in Poland. As part of the program, the company implements three projects: replacement of the rolling mill motors, modernization of the sheet etching line and the purchase of a new grinding machine. The end of the program is scheduled for the end of this year. The first project has already been completed, and consisted in replacing three DC motors in one of the rolling stands of the rolling mill with one AC motor.

Modernization of the sheet etching line is planned for the fourth quarter of this year. Hot-rolled coils must be cleaned of the so-called scales, i.e. mixtures of iron oxides formed during hot rolling. Etching, i.e. cleaning sheet metal from surface defects in hydrochloric acid solution, takes place on a 250-meter-long etching line. Thanks to automation, the processes performed before the material enters the line will be shortened. The number of hot-rolled steel coils prepared simultaneously for pickling will increase, and the packaging tape will be removed by a robot. Full automation of the process is also waiting for the exit section of the line: a new coiler, an automatic coil tying machine and new coil transport trolleys will be installed.

In turn, a new, fully automatic grinder will be installed in the roll grinding plant, working with high precision - the deviations in the surface of the polished rollers will not exceed 0.002 mm per meter.

Bijlage:

voda 20 januari 2022 08:05

0

NLMK Develops Antibacterial Coated Steel

Strategic Research Institute
Published on :
20 Jan, 2022, 5:23 am

Russian steel maker NLMK Group has developed new rolled products with an antibacterial coating. It protects the metal surface from dangerous microorganisms and can be successfully used in the decoration of medical facilities and other facilities that have high requirements for cleanliness and safety. The basis of the rolled coating is compounds of copper and silver ions, which destroy the cell membrane of bacteria and fungi upon contact. This makes it possible to reduce the presence of bacteria on the surface of rolled products by 100%. The ions are injected directly into the paint material. This makes the product more resistant to mechanical stress and allows you to maintain the antibacterial effect for decades.

The antimicrobial properties of NLMK's rolled products have been confirmed at all stages of development and industrial testing of the technology. They comply with GOST standards and have successfully passed the examination of the Federal Medical and Biological Agency of the Ministry of Health of the Russian Federation.

The launch of the product on the market is scheduled for early 2022.

voda 20 januari 2022 08:23

0

thyssenkrupp Supplies Bluemint Electrical Steel for Transformers

Strategic Research Institute
Published on :
20 Jan, 2022, 5:26 am

German steel maker thyssenkrupp is supplying first batch of bluemint Steel with 50% lower CO2 emissions to the Regensburg-based company SGB-SMIT for the production of transformers for new digital E.ON medium-voltage substations. The first small series is used by E.ON subsidiary Avacon. For the batch delivered to SGB-SMIT, reduced iron has been used in the Duisburg blast furnace, enabling a reduction in coal usage. Including all further processing steps in Duisburg and in Gelsenkirchen, a CO2 saving of 50% per ton of bluemint is achieved compared with conventional electrical steel. This means a reduction in the CO2 intensity of one ton of bluemint powercore from 3.7 tons to 1.8 tons.

Since October 2021 thyssenkrupp Steel has been offering certified CO2-reduced steel under the bluemint brand. Production is initially taking place via the classic blast furnace route at the Duisburg site before the technological leap to hydrogen-based direct reduction technology from 2025. The Gelsenkirchen site is aiming for complete climate neutrality in the medium term, for example by using green electricity and biomethane in production as early as this year.

thyssenkrupp Electrical Steel is European market leader for grain-oriented electrical steel. This complex special material ensures that transformers operate at high efficiency to transport energy with as little loss as possible. Grain-oriented electrical steel of the powercore brand from Gelsenkirchen-based thyssenkrupp plant is used among other things in distribution and power transformers, but also in charging columns for electric cars and innovative electric motors. The top grades of the powercore brand enable customers to produce transformers which comply with the EU Ecodesign Directive and contribute to reducing global energy consumption and CO2 emissions.

voda 20 januari 2022 08:23

0

SMS Group to Deploy BF Decarbonization Technology for MMK

Strategic Research Institute
Published on :
20 Jan, 2022, 5:29 am

World’s leading technology provider SMS group will improve the efficiency of Magnitogorsk Iron & Steel Works processes with the use of syngas, a combination of hydrogen and carbon monoxide which replaces a portion of the solid carbon fuels, setting the stage for greater decarbonization potential in the future. Blast Furnace 11 was ordered in June 2021 and is to be a completely new project. It will use enhanced techniques, developed by SMS group company Paul Wurth. It will achieve very high standards of environmental performance. These new technologies can also be used in existing Blast Furnaces, thus enabling CO2 emissions to be reduced at existing sites around the world.

SMS contribution to these projects is the production technology and workflow for the use of syngas. The degree of emissions reduction possible from this technique is potentially substantial. The system is flexible, allowing for a general increase in productivity”.

voda 20 januari 2022 08:24

0

Turkey Imposes AD Duty on Coated Steel Products

Strategic Research Institute
Published on :
20 Jan, 2022, 5:31 am

In December 2021, the Turkish government revised the import duties on certain flat-rolled products of stainless steel and certain flat-rolled products of iron or non-alloy steel, plated or coated with aluminum. On 31 December 2021, the government of Turkey announced increasing the import duties on certain flat-rolled products of iron or non-alloy steel, plated or coated with aluminum from duty free to 15%. Subject product is classified in the Turkish Customs Schedule under the customs tariff code 7210.69.00.90.11. The decision enters into force on 1 January 2022.

The government of Turkey also issued a presidential decree No: 5053 reducing the import duties on certain flat-rolled products of stainless steel classified under tariff subheadings 7219 and 7220.20. With the revision, the import duties of the subject product reduced from 12% to 8%. The decree enters into force on 1 January 2022.

voda 20 januari 2022 08:24

0

Crude Steel Output in Vietnam in 2021 Estimated to Surge by 16%YoY

Strategic Research Institute
Published on :
20 Jan, 2022, 5:33 am

Vietnam Steel Association has held a conference on 17 January 2022 to discuss the situation of the steel industry and activities of the association and its member enterprises in 2021, with a vision for 2022. Vietnam Steel Association announced that Vietnam’s crude steel output is estimated at 23 million tonnes in 2021, up 16% YoY. Meanwhile, 33 million tonnes of finished steel products was manufactured and 29 million tonnes sold, respectively rising by 19% YoY and 16% YoY respectively. Positive export results were recorded in 2021 when more than 14 million tonnes of finished and semi-finished steel products were shipped abroad while domestic sales fell 11% YoY as a result of the coronavirus resurgence’s impact.

VSA Vice Chairman & Vice President of the Hoa Phat Group Mr Tran Tuan Duong said “Despite the lingering COVID-19 pandemic, the steel industry of Vietnam has still posted growth. Facing stagnation in the domestic market, businesses have boosted exports, making the country a net exporter and the largest producer of steel in Southeast Asia.”

VSA noted “The prospect of Vietnam's steel market in 2022 will be better when the Government issues instructions to stabilize and develop production and business activities to flexibly adapt to the Covid-19 pandemic throughout.”

voda 20 januari 2022 08:24

0

Green Innovation Fund NEDO Starts Hydrogen Project in Steelmaking

Strategic Research Institute
Published on :
20 Jan, 2022, 5:36 am

As part of the Green Innovation Fund project, New Energy and Industrial Technology Development Organization NEDO will launch a hydrogen utilization project in the steelmaking process with total budget of JPY 193.5 billion to decarbonize the steel industry, which emits a large amount of CO2 in the manufacturing process. Reduce fossil fuel consumption from the entire iron making process, including technology to utilize more hydrogen in blast furnaces and hydrogen reduction technology to utilize low-grade iron ore in direct reduction furnaces, and reduce CO2 emissions by 2030 by 2030. NEDO aims to develop technology that can reduce the emissions.

The Green Innovation Fund was established on 24 December 2021 to create a virtuous cycle of economy and environment in the Green Growth Strategy for 2050 Carbon Neutral formulated by the Ministry of Economy, Trade and Industry on 25 December 2020 with related ministries and agencies. This fund has been funded and the four Japanese steel makers Nippon Steel, JFE Steel, Kobe Steel, General Incorporated Foundation Metal-based Materials Research & Development Center, JRCM, will promote this project toward the realization of decarbonization of the iron-making process.

(1) Development of hydrogen reduction technology utilizing on-site hydrogen - By 2030, implement technology to reduce CO 2 emissions from the iron making process by 30% or more by hydrogen reduction technology and CO2 separation and recovery technology in blast furnaces that utilize on-site hydrogen.

(2) Development of low-carbon technology utilizing CO2 contained in external hydrogen and blast furnace exhaust gas - By 2030, demonstrate the technology to reduce CO2 emissions from the steelmaking process by 50% or more in a medium-scale test blast furnace.

(3) Development of direct hydrogen reduction technology - By 2030, demonstrate the technology to reduce CO2 emissions by 50% or more in medium-scale direct reduction furnaces compared to the current blast furnace method by using the technology to directly reduce low-grade iron ore with hydrogen. This will be jointly implemented by Nippon Steel, JFE Steel, and JRCM.

(4) Development of impurity removal technology for electric furnaces using direct reduced iron - By 2030, in order to produce high-grade steel that can be used for the outer panels of automobiles in the hydrogen direct reduction-blast furnace integrated process utilizing low-grade iron ore, impurities in large-scale test furnaces. Demonstrate the technology to control the concentration of at the same level as the blast furnace method.

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