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voda 5 september 2019 19:49

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MMK Implementing Environmental Initiatives with Thyssenkrupp Industrial Solutions

thyssenkrupp Industrial Solutions has performed an inspection of the coking and by-product facilities at Magnitogorsk Iron and Steel Works as part of implementation of an environmental program for reduction of dust and gas emissions from the Coke Plant. The key priority of MMK’s environmental policy is implementation of measures included in the Clean Air program, which is part of the Ecology national project and the Clean City strategic initiative. Within 2018 to 2025, the budget of MMK for implementation of environmental initiatives will exceed 38 billion rubles. By 2025, it is going to ensure many-fold reduction of the most hazardous contaminant emissions

An action plan aimed at improvement of the environmental performance of the coking and by-product facilities is part of MMK’s investment program. To this end, a comprehensive upgrade will be implemented at the Coke Plant within the next few years.

The objective of the above inspection was to review the condition of production facilities coke oven batteries, service machines, by-product units, quenching systems, coal and coke handling facilities with regard to process performance and environmental impact to assess the current situation and provide recommendations for maintenance and repair, identify the optimization potential and additional environmental protection measures.

As part of the inspection, apart from required measurements and review of documents provided by MMK and visual examination, drone technologies were used for real-time diagnostics of production facilities in hard-to-reach areas.

The inspection results and expert review of the drone survey will be summarized in a report currently being elaborated by specialists of thyssenkrupp Industrial Solutions. Furthermore, recommendations will be issued with regard to urgent and long-term measures for maintaining and extending the lifetime of coke oven batteries and other production facilities, as well as suggestions will be made for improvement of the company’s environmental performance.

Source : Strategic Research Institute

voda 5 september 2019 19:49

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Philippines Government Sets Steel Standard Review

Philippine Departments of Trade and Industry and Environment and Natural Resources will jointly review existing environmental standards used in steel making to address industry concerns about the proliferation of induction furnaces in the Philippines. Trade Secretary Mr Ramon M Lopez and Environment Secretary Roy A Cimatu, in a meeting last agreed to tighten environmental standards on steelmaking to ensure the industry produces quality and safe steel products. As such, they decided to review the standards adhered to and production technologies used by manufacturers in their operations. He added that “What we need in the country are modern, environmentally friendly technologies that will consistently produce quality products.”

Mr Lopez added that “We do not want those polluter induction furnaces to transfer to our country. This collaboration with DENR will help us in promoting industrial capacity building with the use of advance technology in steelmaking, while protecting our government. This is also a testament that as we drive economic growth, we encourage responsible businesses in the country.”

The DTI and the DENR are particularly concerned with the reported prevalence of induction furnaces in the industry. In 2017 China, one of the world’s largest steelmakers, phased out and banned the use of induction furnaces, as they pollute the environment and produce low-grade steel products.

Steel manufacturers, led by the Philippine Iron and Steel Institute, have been insisting the government to implement a ban on the use of induction furnaces.

Source : Business Mirror

voda 5 september 2019 19:49

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Qingshan Iron Produced 600 MPA Stainless Steel Reinforcement to UAE

Qingshan Industrial Zhejiang Qingshan Iron and Steel Co Ltd successfully produced 600 MPA grade of duplex stainless steel ribbed steel bar and exported to Dubai, United Arab Emirates. Qingshan Iron and Steel has signed a long-term supply contract with Dubai customers, the supply of duplex stainless steel ribbed steel bars used to make pier reinforcement. In order to further enrich the variety structure, establish the brand image and effectively enhance the competitiveness of enterprises, since March this year, Qingshan Iron and Steel has reformed the rolling line equipment by accumulating data, optimizing pass design, improving the controlled cooling process and increasing the controlled cooling equipment. Finally, the dual-phase stainless steel ribbed steel bar was successfully rolled out, which became one of the two enterprises that can stably produce the dual-phase stainless steel ribbed steel bar in China.

Due to the brand-new challenge, in the process of rolling stainless steel ribbed steel bars, technicians optimize the production process, focusing on solving the problems of steel bar properties and rice weight. After many trials, the mechanical properties and dimensional accuracy specified in the European BS 6744 / 2016 standard have been successfully achieved, and the appropriate rice weight has been obtained. Customer feedback is more satisfied with the product.

Source : News Metal

voda 5 september 2019 19:51

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Turkey Top Steelmaker Hit by August Gloom Inches Toward Recovery

Bloomberg reported that August was a terrible month for steelmakers and slumping prices coupled with investor concern about the acquisition of British Steel by Erdemir’s largest shareholder made it one of the worst performing Turkish blue-chip stocks in August. Now, analysts are watching for signs of a rebound. Shares of Eregli Demir & Celik Fabrikalari TAS, as Erdemir is formally known, fell 14% in August, making the stock the second-biggest loser in the Borsa Istanbul 30 Index, a grouping of the most-followed companies in Turkey, after Yapi Kredi Bankasi. Declining steel prices and the prospect of further margin weakness have weighed on the stock, like most of its global peers. That said, with more than half of analysts’ recommendations on Erdemir as buys, and no sells, it looks as though brokers still favor the stock.

In a move forward, the company has begun to dispel fears that its shareholder’s acquisition of British Steel will have spillover effects on the company. The purchase isn’t supposed to impact Turkey’s top steel producer nor have any tangible effect on the stock’s performance, but the news has preoccupied investors, with tough times ahead for an industry in the midst of global trade conflicts.

Source : Bloomberg

voda 5 september 2019 19:54

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Dharmendra Pradhan Holds Discussion with Trade Unions Of Steel Industry

Mr Dharmendra Pradhan holds discussion with Trade Unions of steel industry, calls for collaborative efforts to balance performance and welfare of workmen: Union Minister of Petroleum and Natural Gas and Steel Dharmendra Pradhan held discussions with trade union leaders of the steel sector. Meeting witnessed the exchange of positive and constructive dialogue towards strengthening participative culture in the steel industry. The representative of trade unions discussed issues of labor welfare, manpower succession planning, skill development, safety, housing, ensuring age mix in labor, wage revision etc. Trade union leaders thanked Mr Pradhan and expressed their happiness at the minister’s outreach efforts towards workmen. Union Minister last month had visited SAIL’s Bokaro Steel Plant and mines in Jharkhand and had interacted with the employees.

Minister called for collaborative efforts of management and workmen towards achieving high performance while balancing workmen’s interests. Minister Dharmendra Pradhan said all the payments made to permanent workmen as well as contract workmen must be through digital means to ensure transparency.

Minister further added that civic amenities at townships must match those of a smart city. Pradhan also said that medical facilities being provided by SAIL will continue and will be modernized. He also added that enhancing cost-efficiency and labour welfare are not mutually exclusive goals and will be pursued simultaneously.

Source : NewsX

voda 5 september 2019 19:56

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GFG Alliance Calls for Clean Steel Fund to Focus on GREENSTEEL

GFG Alliance welcomed the UK Government’s announcement of a GBP 250 million Clean Steel Fund and pledged to participate fully in a call for evidence on the fund’s design. Commenting on the announcement, Mr Cornelius Louwrens CEO of Liberty Steel UK, said that “There’s a real opportunity for Britain’s steel industry to compete and prosper globally. But to do so, the industry needs to transform itself to a less carbon intensive, and a more sustainable model. The only way to do that is by switching from primary production in traditional blast furnaces to energy-efficient Electric Arc Furnaces, which offer a viable future by enabling Britain to recycle its own scrap steel rather than shipping it to other countries. Britain imports most of its steel and even the steel made in UK is mostly from imported and carbon intensive coal and iron ore.”

He added that “By assisting investment in Electric Arc Furnaces, this fund can also drive up the proportion of power drawn from renewable sources. Liberty Steel is demonstrating that this approach works at Rotherham, where we last year restarted an electric arc furnace mothballed by previous owners. We are also operating well established electrically powered furnaces in Australia and the United States. GFG is building a clean energy business through SIMEC Energy to power steel. Overall, this approach provides a path towards achieving the UK’s target of net zero greenhouse gas emissions by 2050.”

He said that “At present, 80% of the 21 million tonnes of steel and steel products Britain consumes every year is manufactured overseas. That needs to change. As a nation, we should be producing sufficient steel to satisfy our own strategically important industries such as construction, car manufacturing and aerospace. This fund is a welcome initiative from the Government which demonstrates confidence in UK steel. If used properly, this funding can motivate and partner private-sector capital in making the changes that UK steel badly needs, to create jobs and to build an industry fit for the future.”

Source : Strategic Research Institute

voda 5 september 2019 19:57

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Metalloinvest launches Derrick Fine Screening Technology at Mikhailovsky GOK

Leading global producer and supplier of HBI and iron ore products, Metalloinvest has launched Derrick Fine Screening Technology at Mikhailovsky GOK, designed to improve the quality of iron ore concentrate. The first technological phase was launched at Mikhailovsky GOK benefication plant during an official ceremony attended by Nazim Efendiev, First Deputy CEO, Sales Director, Management Company Metalloinvest, Mitchell Derrick, CEO of Derrick Corporation, a leading global producer of fine screening technology. An agreement was signed with Thrane Teknikk to supply Derrick equipment for the second stage of the project: construction of a new building for benefication of concentrate at the benefication plant.

During the first stage of the project, Derrick Fine Screening Technology was introduced at four technological sections of the benefication plant. The design, supply and installation of the equipment, adjustment works and commissioning took place within a short period of just one year. The capital expenditures for the first stage exceeded 1.2 bn roubles. As a result of the first stage of implementation, over 3.7 mn tonnes of iron concentrate with an increased iron level of 67% from 65.1% will be produced in 2020 at the fine screening technology section.

The second stage of the project, launched in August 2019, will see constuction of a new building for beneficiation of concentrate using high-quality Derrick equipment. As a result of the second stage, production of high-quality concentrate with an iron content of 68.7% will amount to 16.9mn tonnes in 2022. The construction of the new beneficiation building and modernisation of production will enable the processing of complex ores with a higher iron content and will reduce overburden and production costs.

Investments in the second stage are projected at more than 12 billion roubles.

Source : Strategic Research Institute

voda 5 september 2019 19:58

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US Manufacturing PMI in August Lowest for almost a Decade - PMI

US manufacturers signalled a further slowdown in overall growth in August, with the PMI dropping to its lowest for almost a decade. The headline figure was weighed on by a subdued rise in production and lacklustre client demand. Falling orders among foreign clients dragged on overall new business growth and producer confidence. The degree of optimism about the year ahead hit a fresh seven-year series low amid growing business uncertainty. As such, employment was broadly unchanged and spare capacity was used to clear backlogs of work. Meanwhile, inflationary pressures eased further, with rates of input price and output charge inflation among the slowest for almost three years. The seasonally adjusted IHS Markit final US Manufacturing Purchasing Managers Index posted 50.3 in August, up from the flash reading of 49.9 but still down slightly from 50.4 in July. As such, the latest reading signalled the least marked improvement in the health of the U.S manufacturing sector since the depths of the financial crisis in September 2009.

The rate of production growth was among the slowest seen for over three years in August, as lacklustre client demand led increasing numbers of firms to curb output. Although the pace of increase picked up slightly, some firms attributed the rise to efforts to clear backlogs of work rather than reflecting any new inflows of orders.

Concurrently, the pace of the upturn in new business eased to a fractional rate that was the slowest for three months and among the weakest seen over the past ten years.

Deteriorating demandD conditions, especially across the automotive sector, were linked to subdued client demand. External demand also weighed on new business growth, as new export orders fell at the quickest pace since August 2009, linked by many firms to trade wars and tariffs.

In line with the near-stalling of new orders, output expectations dipped to a new series low in August. Although firms were largely optimitic, many stated that uncertainty and fears of a global economic downturn weighed on confidence.

At the same time, firms remained hesitant towards hiring in August, with employment levels broadly unchanged during the month. That said, some firms stated that little change in workforce numbers was in part due to difficulties finding suitable candidates.

On the price front, historically muted rises in input prices and output charges were once again recorded by goods-producing firms in August. A reduction in demand for inputs reportedly limited suppliers’ pricing power, and pressure to remain competitive meant that firms largely refrained from sharp rises in output charges.

Weak client demand also led to a further fall in input buying among manufacturing firms and both pre- and postproduction stocks were depleted at modest rates.

Chris Williamson, Chief Business Economist at IHS Markit said "The August PMI indicates that US manufacturers are enduring a torrid summer, with the main survey gauge down to its lowest since the depths of the financial crisis in 2009. Output and order book indices are both among the lowest seen for a decade, indicating that manufacturing is likely to have again acted as a significant drag on the economy in the third quarter, dampening GDP growth. At current levels, the survey indicates that manufacturing production is falling at an annualised rate of approximately 3%. Deteriorating exports are the key to the downturn, with new orders from foreign markets dropping at the fastest rote since 2009. Many companies blame slower global economic growth for weakened order books, but also point the finger at rising trade war tensions and tariffs. Hiring has stalled as companies worry about the outlook: optimism about the year ahead is at its lowest since comparable data were first available in 2012. Similarly, price pressures are close to a three -year low, as crumbling demand has removed firms pricing power. ”

Source : Strategic Research Institute

voda 5 september 2019 19:59

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Latin American Trade Balance Records Lowest Deficit in 16 months - Alacero

Latin America registered its lowest commercial rolled steel deficit in 16 months, although there is a cumulative deficit of 2.0 million tonne in rolled steel production compared to the first seven months of 2018. The share of imports in regional consumption closed the semester in 36%, after three consecutive months in 37%, same percentage seen between January-June 2018. The deficit registered in January-June 2019 was 6.94 million tonne, with 10 thousand tonnes less than January-June from the previous year of 6.95 million tonne. In addition to the decrease in the share of imports in real consumption, Latin American consumption itself has been reduced, especially for rolled products. This factor, combined with political uncertainty and economic slowdown, represents one of the main elements that drive the low activity of the steel industry in Latin America.

In this scenario, with the worst indicator since February, steel consumption in Latin America fell 11.75% in June compared to the same month of 2018, 7% less than in May 2019 and 3% in the accumulated compared to the first half of 2018. The result was 4% lower than the average of the first 5 months of the year, and the countries that led half of this regional decline in June were, precisely, Mexico and Argentina. Both decreased their steel consumption by 10% compared to May, by 5.8% and 14.7%, respectively, compared to the same month of 2018. Regional production of crude steel and rolled steel until June fell 5% and 6%, respectively, in the same comparison to the first six months of the previous year.

Latin American imports of rolled steel registered their lowest rate since February 2018 1,694 metric Tonne, reaching 1,699 metric Tonne in June. The region fell its imports by 17.5% between May and June 2019, presenting a 2% decrease compared to January-June 2018. The largest falls were observed in Mexico (180 thousand tonnes) and Brazil (60 thousand tonnes), totaling a fall of 240 thousand tonnes in rolled steel imports. The share of imports over consumption totaled 36% in the year, compared to 35% was observed in the second quarter of 2019.

Rolled steel exports in the region fell 9% from May to June, and registered a 6% decrease in the accumulated of 2019. Almost half of this decrease was represented by Brazil (46%), which exported 45 thousand tons less compared to last May. Argentina represents the second largest fall (28%), which corresponds to 27 thousand tons.

Imports of rolled products from Latin America have experienced a fall almost four times greater than the contraction seen in exports, and the deficit reduction has been the lowest since February 2018. Brazil and Argentina were the only ones to reach a positive balance 1.2 million tonne and 124 thousand tonnes, respectively, showing a large gap in investments in manufacturing infrastructure to build its economic recovery. Mexico, with a negative balance of 3.5 million tonne, represents the largest regional deficit (50% of the Latin American total), which is accompanied by decreases in production.

Strategic Research Institute, SteelGuru

Source : Strategic Research Institute

voda 5 september 2019 20:00

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Server Crash May Have Cost Huge Loss of Data - Rathi Steel & Power

Rathi Steel and Power said that a sudden crash in the company's main server could have resulted in huge loss of the company's financial, legal and confidential data. It said “The Board would like to inform you that the main server of the IT Department of the Company suddenly crashed due to sudden fluctuations in the electricity and software failure issues. Thus there might be huge loss of company financial, legal and confidential data. Because of this reason the accounts are getting prepared at slow pace and the Company might not be able to finalise the accounts within time before the date of the AGM. Hence, the application for extension of Annual General meeting for the financial year ending March 31, 2019 be filed.”

Source : Strategic Research Institute

voda 5 september 2019 20:02

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JSW Steel Plans USD 350 Million Offshore Loans - Report

ET reported that JSW Steel is planning to raise about USD 350 million (INR 2520 crore) from overseas loans: which should help it reduce borrowing costs as it navigates a profit margin squeeze due to a fall in steel prices and integrates recent acquisitions such as of Monnet Ispat. Sources told ET that the purpose of the proposed fundraising is refinancing its existing high-cost debt which could bring down its overall borrowing costs and a part of the proceeds would also be used for general business purposes.”

People told ET that JSW has proposed to raise five-to-seven-year loans, which may be priced after adding about 350 basis points to the London Interbank Offered Rate (six-month)

Source : ET

voda 5 september 2019 20:04

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thyssenkrupp to Leave Germany's Blue Chip Index DAX

Reuters reported that stock market operator Deutsche Boerse said that Thyssenkrupp AG, hit by four profit warnings and two botched restructuring attempts sneding shares plunging by 45% over the past 12 months compared with a flat DAX, will drop out of Germany’s benchmark stock index on September 23 and will be replaced by aircraft engine maker MTU Aero Engines AG.

Thyssenkrupp Chief Executive Mr Guido Kerkhoff said “We have to be honest: our performance was too weak and that’s why our relegation to the MDAX is the logical consequence. What’s important is that we’re now setting up the group in a new and more profitable way in order to win back investor trust.”

Thyssen, which merged with Krupp two decades ago, has been a member of the DAX since its inception in 1988.

Source : Reuters

voda 5 september 2019 20:04

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No Monopoly in Stainless Steel Market – Vietnam Trade Ministry

Vietnam Express reported that Vietnam Ministry of Industry and Trade has rejected allegations that anti-dumping duties on stainless steel imports have caused a monopoly in the domestic market. Replying to the allegations, a representative of the Department of Trade Remedies of the Ministry of Industry and Trade said that there was no basis to say that the domestic stainless steel production industry or any individual manufacturer has a monopoly in this product group. He said “Anti-dumping duties were levied based on inspection results showing dumping behavior from manufacturers from the four economies, which caused significant damage to the domestic production industry. This is a defense measure allowed by the World Trade Organization. Stainless steel products from the above-mentioned four economies can still be imported into Vietnam without being subject to anti-dumping tax.”

Steel importers are complaining that Vietnam’s stainless steel market is showing monopolistic signs because of anti-dumping taxes levied on imports from mainland China, Indonesia, Malaysia and Taiwan since September 2014. In the last four years, the price of cold rolled stainless steel has risen by 15 to 25%, leading to a rise in importers’ production costs. Currently, cold rolled stainless steel from mainland China is taxed at 25.35%, from Indonesia at 13.03%, Malaysia at 9.31% and Taiwan at 13.79%.

Source : Vietnam Express

voda 5 september 2019 20:05

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RINL Feels Heat of Slowdown as Inventory Piles Up

ET reported that Rashtriya Ispat Nigam Ltd has begun to feel the general slowdown in the economy at large though the company has not cut down its production or sent some of its over 17,000 fulltime workers on furlough. An Official said that “Some of the specialty steel we are producing is used by re-rolling mills to make flange applications. We recently produced 430 mm rounds for the first time, and this has demonstrated our capacity to produce specialty steel. The steel plant has not cut down its production, nor cancelled any shift because the off-take in the market for steel, generally, has slackened in recent months. RINL is a public sector company, so we cannot send our workers on furlough. We are trying to cut costs in other areas of the steel manufacturing process.”

However, in a clear indication that the demand for Vizag Steel’s products was down, the company’s inventory had increased to 6.8 lakh tonnes. He said that “Our marketing department is working to decrease the inventory. Our normal inventory is between 3 lakh and 4 lakh tonnes.”

Source : Economic Times

voda 5 september 2019 20:06

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thyssenkrupp Kicks Off Sales Process for Elevator Unit - Report

Reuters, citing people familiar with the matter, reported that Thyssenkrupp has started a structured process to look for potential buyers of all or parts of its elevator unit, its most profitable division. Sources said “Letters asking for expressions of interest for the unit, valued anywhere between 12 billion and 17 billion euros, were sent out to private equity and strategic investors. Recipients included private equity groups KKR, Bain, Advent, CVC, EQT, Blackstone, Partners Group and Apollo as well as rivals Kone, Schindler, Otis and Hitachi. Interested parties are expected to respond to the letters within two weeks.”

Sources had told Reuters last week that Thyssenkrupp had launched a formal auction process in addition to plans for an initial public offering, adding chief executive Guido Kerkhoff might be forced to sell the whole unit.

They said consortia were already being formed.

Source : Reuters

voda 5 september 2019 20:07

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Slowing Demand Takes Sheen off Steel in India – Ind-Ra

India Ratings and Research has revised its outlook on the steel sector to stable-to-negative from stable for the remainder of FY20 given sluggish steel demand growth expectations owing to mix of structural and cyclical concerns in end-user sectors, primarily auto and real estate construction. Hence, Ind-Ra has revised downwards its FY20 steel demand growth expectations to around 4% from the previous forecast of 7% (FY19: 8%). The outlook also factors in increased import risks especially from Free Trade Agreement countries such as Japan and South Korea due to adverse domino impact of the slowing global growth and continuing trade frictions. Furthermore, raw material availability and price risks may escalate in 4QFY20 if the uncertainty over iron ore mine auctions prolongs.

Ind-Ra expects overall steel sales volumes and margins to weaken further in 2QFY20 after industry witnessed margin correction in 4QFY19 and 1QFY20. Steel prices have been continuously softening while raw material cost prices have only seen partial declines, thereby squeezing the gross spreads for steel producers. However, Ind-Ra expects steel demand to recover in 2HFY20, supported by pickup in government investments, fiscal stimulus measures, improvement in market sentiment and 2HFY19’s lower base. The agency believes limited new capacity additions in FY20 will help balance the demand-supply situation amid sluggish demand in 2HFY20.

Steel producers are likely to see moderation in cash flows from operations as strong margins moderate over FY20 from the highs of FY19. Large integrated players should continue to have adequate liquidity supported by their sound market access and high financial flexibility, despite moderating profitability pressures, ongoing challenges in market liquidity and increased risk perception among investors.

Source : Strategic Research Institute

voda 5 september 2019 20:07

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Fitch Solutions Lowers 2019 Global Steel Price Forecast

Fitch Solutions Macro Research has revised downwards its 2019 global steel price forecast as global prices continue to be hammered by poor sentiment amid ongoing US-China trade tensions and increasing downside risks to the global economy. It said “In the long term, Fitch Solutions maintains its view that prices will ease and embark on a multi-year declining track as fundamentals loosen with falling demand and increasing production. We are revising down our 2019 global steel price forecast from an average of USD 650/tonne to USD 600/tonne, as prolonged weak investor sentiment on the back of the ongoing trade tensions between the US and China and increasing downside risks to the global economy continues to pressure prices.”

It added “In terms of fundamental factors, in China, while demand from infrastructure and construction sectors proved exceptionally strong in the year to date as targeted stimulus measures take effect, steel production has also soared, loosening the market. We believe Chinese steel demand growth has further room to run, with infrastructure projects starting construction and further stimulus from the government likely in the face of escalating tensions with the US, which will prevent a collapse in the global average.”

Source : Strategic Research Institute

voda 6 september 2019 15:56

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Kone interesse in liftentak ThyssenKrupp - media

FONDS KOERS VERSCHIL VERSCHIL % BEURS
KONE Oyj -B-
55,20 1,04 1,92 % Helsinki Stock Exchange
ThyssenKrupp AG
12,17 0,49 4,20 % Frankfurter Wertpapierbörse (Xetra)

(ABM FN-Dow Jones) Kone heeft interesse in een overname van de liftentak van ThyssenKrupp. Dit blijkt uit een interview van de Rheinische Post met CEO Henrik Ehrnrooth van Kone.

ThyssenKrupp onderzoekt momenteel de strategische opties voor zijn liftentak. Een beursgang behoort tot de mogelijkheden.

“De situatie bij ThyssenKrupp is zeer interessant voor ons”, zei Ehrnrooth tegen de krant. “De lifttak van ThyssenKrupp zou perfect passen bij Kone”, voegde hij daaraan toe.

Volgens de topman van Kone zouden de twee bedrijven elkaar geografisch zeer goed aanvullen.

Ehrnrooth zei verder tegen de Rheinische Post niet veel vrees te hebben dat een fusie mededingingsbezwaren zal opleveren. “Beide bedrijven zouden hiervan profiteren.”

Of Ehrnrooth in gesprek is met ThyssenKrupp wilde hij niet zeggen.

Door: ABM Financial News.
info@abmfn.nl
Redactie: +31(0)20 26 28 999

© Copyright ABM Financial News B.V. All rights reserved

voda 6 september 2019 16:00

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Arcelor stapt in internationaal CO2-project

Gepubliceerd op 6 sep 2019 om 13:53 | Views: 974

ArcelorMittal 15:43
13,75 -0,12 (-0,84%)

LUXEMBURG (AFN) - Staalgigant ArcelorMittal voegt zich bij een Noors project voor het afvangen, vervoeren en in de Noordzee opslaan van CO2. Northern Lights, zoals het programma heet, wordt volgens de initiatiefnemers het eerste grensoverschrijdende project voor de opslag van het broeikasgas.

De grote aanjager van Northern Lights is het Noorse olie- en gasbedrijf Equinor, dat samen optrekt met sectorgenoten Shell en Total. ArcelorMittal, als staalproducent verantwoordelijk voor veel CO2-uitstoot, belooft in een intentieverklaring te helpen bij de logistiek achter het project. Daarnaast wil het concern commerciële mogelijkheden van CO2-opvang en -opslag verder onderzoeken.

Voor het einde van dit jaar moeten de eerste proefboringen voor de CO2-opslag plaatsvinden. Dat gebeurt in een gebied ten zuidwesten van de Noorse kust. Uiteindelijk is het de bedoeling dat daar een grootschalig reservoir komt voor CO2-opslag. ArcelorMittal verwacht volgend jaar knopen door te hakken over investeringen in het project.

voda 6 september 2019 16:17

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RAIL - SAIL Collaboration - Moving the Nation

When two large organizations collaborate, it makes a far reaching and resounding impact. The case in point is the collaboration between the Indian Railways and Steel Authority of India Limited for more than six decades. While the Railways is the heart of transport infrastructure of our Country, SAIL is the most trusted and longstanding supplier of rails and forged wheels to the Indian Railways. They complement each other. Both the behemoths have created strong synergy and have all along played vital roles in the development and progress of our Country. While SAIL’s Bhilai Steel Plant produces world class rails that crisscross the Country, its Durgapur Steel Plant is the only forged wheel producer in India for passenger coaches, wagons and locomotives. Together RAIL and SAIL make a formidable combination, which touch the life of every citizen of the Country. To cater to the changing requirements of the Indian Railways, SAIL has continuously developed its products to meet and in some cases even go beyond the exacting standards. In rails, it has steadily rolled out the required volume, quality and length of rails (which has gradually increased from 13 meter to 260 meter), year after year. In wheels, SAIL has supplied more than 1.8 million numbers of wheels of various dimensions ranging from 720 mm to 1100 mm of diameter to the Indian Railways in last six decades.

The finding of the Research & Development Centre for Iron & Steel shows that SAIL-BSP has the capability to produce rails, which can safely support 25 Tonne Axle Load while also allowing passenger trains at 160 kmph. Currently, SAIL is the only producer of the longest single piece rails measuring 130 meters. The report of Transportation Technology Centre Inc USA, a world-class transportation research and testing organization and a wholly owned subsidiary Association American Railroads shows that wheels produced at SAIL-DSP conforms to international standards and provide for excellent serviceability in train operations.

SAIL is committed to be a partner in the Indian Railways’ endeavour to increase average traffic speed economically without any compromise on safety. It is pertinent to mention here that the quality of rails produced by SAIL-BSP is in tandem with the quality of rails used in the European Union. In fact, The European Union uses the same quality of rails, which is equivalent to UTS-90 rails produced by SAIL, for speed up to 150 km / hr. The wheels produced at SAIL-DSP have exhibited proven performance in diverse terrains and climate of the Country and have been in use for speed up to 160 Km/hr.

The collaboration between the Indian Railways and SAIL has revolutionized the transportation scenario in the Country. This successful partnership, which has been moving the Nation for decades, will continue to be a reckoning force behind accelerating the Country’s growth and transformation into New India.

Source : Strategic Research Institute

Vertraagd	17 mei 2024 14:56
Koers	24,250
Verschil	-0,090 (-0,37%)
Hoog	24,430
Laag	24,120
Volume	901.255
Volume gemiddeld	2.557.654
Volume gisteren	3.937.932

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