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voda 5 januari 2021 15:28

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US DOC Extends CVD on PC Strand Imports from China

The US Department of Commerce has announced the final results of the second sunset review on the countervailing duty order on prestressed concrete steel wire strand from China. The DOC found that revocation of the countervailing duty order would be likely to lead to continuation or recurrence of the subsidy. The final subsidy rates are at 9.42%for Fasten Companies (Fasten Group Corporation, Fasten Group Import & Export Co Ltd, Jiangyin Hongsheng Co Ltd, Jiangyin Fasten Steel Products Co Ltd, Jiangyin Hongyu Metal Products Co Ltd and Jiangyin Walsin Steel Cable Co Ltd), 45.85% for Xinhua Companies (Xinhua Metal Products Company Ltd, Xinyu Iron and Steel Joint Stock Limited Company and Xingang Iron and Steel Joint Stock Limited Liability Company) and 27.64% for all others.

The second sunset review was initiated on September 1, 2020.

PC strand is steel wire strand, other than of stainless steel, which is suitable for use in, but not limited to, pre-stressed concrete (both pre-tensioned and post-tensioned) applications. The scope of the Order encompasses all types and diameters of PC strand whether uncoated (uncovered) or coated (covered) by any substance, including but not limited to, grease, plastic sheath, or epoxy. This merchandise includes, but is not limited to, PC strand produced to the American Society for Testing and Materials A-416 specification, or comparable domestic or foreign specifications. PC strand made from galvanized wire is excluded from the scope if the zinc and/or zinc oxide coating meets or exceeds the 0.40 oz./ft2 standard set forth in ASTM-A-475.

The PC strand subject to the Order is currently classifiable under subheadings 7312.10.3010 and 7312.10.3012 of the Harmonized Tariff Schedule of the United States.

Source - Strategic Research Institute

voda 5 januari 2021 15:28

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GMS Commentary on Ship Breaking in Week 53 - Tumultuous 2020

World's leading cash buyer of ships for recycling GMS said that as we bid farewell to 2020, which has quite frankly been an unprecedented and tumultuous year for nearly the entire world, all eyes are now on 2021 and most are trying to stay optimistic about brighter days ahead, especially given the roll out of the Covid-19 vaccine finally underway in many countries across the world. The onset of the pandemic certainly had a dramatic and devastating impact on the shipping industry the world over, not least the ship recycling sector, where vessels became stranded, steel prices crashed by about USD 150 per LDT, and numerous deals subsequently failed. From those lows, recycling markets have made a strong recovery as Q3 & Q4 came around, finishing the year trading above USD 400 per LDT levels once again and back to the peaks seen at the onset of 2020.

The year had started with a plethora of containers for recycling, only to finish with a remarkable resurgence for the container sector and a focus on Capesize Bulkers, VLOCs and tankers set to come in the New Year, thanks to declining charter rates over the course of Q4 in these particular sectors. There has of also been a steady supply of offshore assets this year, but it is expected to be a year for mostly Dry Bulk and Tankers in 2021, such have been the improvements seen on containers.

So, as another week and volatile year comes to a close, the industry will be looking forward to a 2021 filled with success in combating Covid-19, so that life can resume with some form of normality as far as that is possible, especially given the current times.

Source - Strategic Research Institute

voda 5 januari 2021 15:33

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SAIL RSP Set Production Records in December 2020

Steel Authority of India Limited’s Rourkela Steel Plant has registered a monthly hot metal production of 406,397 tonnes and crude steel output of 362,388 tonnes in December 2020. The impressive year end performance also includes the best single day production of 15,180 tonnes of hot metal on December 30, and a record dispatch of 16,552 tonnes saleable steel on December 31 of 2020. Other major achievements during 2020 include the highest single-day crude steel production of 13,336 tonnes on October 28 and saleable steel output of 21,354 tonnes on October 31.

RSP’s steel melting shop-II clocked 48 blows to register the highest blow in a single converter on July 2, 2020

Besides, the steel plant registered the best performance in major techno-economic parameters such as the lowest energy consumption in November and the highest steel ladle life.

Source - Strategic Research Institute

voda 5 januari 2021 15:34

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Zaporizhstal Steel Production Shrinks in 2020

Metinvest group’s integrated steel mill Zaporizhstal announced the production results for 2020. Zaporizhstal pig iron production in 2020 was 4.471 million tonnes up 2.5% YoY while crude steel & finished steel production was 3.784 million tonnes & 3.204 million tonnes down 5.5% & 4.3% YoY respectively.

In December last year, Zaporizhstal saw its pig iron output increase to 397,500 tonne, up 0.9% YoY. Meanwhile, crude steel production rose by 4.6% YoY to 345,600 tonnes and finished steel output increased by 5.2% YoY to 287,600 tonnes.

Founded in 1933, Zaporizhstal has annual capacity of 4.5 million tonnes of steel, 3.3 million tonnes of pig iron and 4.1 million of finished steel products. Zaporizhstal is located in the city of Zaporizhzhia in Ukaraine, a region with the highest per capita electricity output in Ukraine, close to raw material suppliers and steel consumers pipe and machine building companies.

Wikipedia Update “After the collapse of the USSR and the independence of Ukraine, the mill fell into the hands of the Ukrainian government. When privatization began in the mid 1990s, Mr Vasily Khmelnytskywas named manager of the state's stake in the plant and subsequently engineered the insider sale of many shares of the plant to his own investment company. The Ukrainian government began offering shares in Zaporizhstal in cash auctions in 1999. By 2001, Mr Khmelnytsky and a consortium led by the Midland Group controlled 93% of the mill. A Ukrainian holding company, Metinvest, eventually became full owners of the mill in 2013.”

Source - Strategic Research Institute

voda 5 januari 2021 15:34

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US Steel Production Capacity Utilization Climbs to 75% in Week 53

American Iron & Steel Institute announced that in the week ending on January 2, 2021, US domestic raw steel production was 1,650,000 net tons while the capability utilization rate was 74.6%. Production was 1,841,000 net tons in the week ending January 2, 2020 while the capability utilization then was 80.1%. The current week production represents a 10.4 percent decrease from the same period in the previous year. Production for the week ending January 2, 2021 is up 3.1 percent from the previous week ending December 26, 2020 when production was 1,600,000 net tons and the rate of capability utilization was 72.3%.

Adjusted year-to-date production through January 2, 2021 was 1,650,000 net tons, at a capability utilization rate of 74.6%. That is down 10.4 percent from the 1,841,000 net tons during the same period last year, when the capability utilization rate was 80.1%.

Broken down by districts, here’s production for the week ending January 2, 2021 in thousands of net tons: North East: 159; Great Lakes: 591; Midwest: 182; Southern: 643 and Western: 75 for a total of 1650.

Source - Strategic Research Institute

voda 5 januari 2021 15:42

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Metalico Acquires Assets of Auto Shredder Yard in Ohio

New Jersey headquartered Metalico Inc has acquired the assets of an auto shredder yard in Ohio from Liberty Iron & Metal, a subsidiary of Hong Kong based Chiho Environmental Group. The buyers are Chloe Girard LLC and Metalico Youngstown Inc. The purchase transaction, valued at USD 13.2 million, was completed on the Christmas Day. The deal covers shredder yard in Girard, near Youngstown in Northeast Ohio.

Chiho will use the proceeds from the sale towards repaying existing local bank loans secured over the sold assets. This in turn will help the company to cut its loan liabilities and meet other financial expenses. The sale is part of the company’s strategic plan to refocus on its Southwest US operations, after thorough review of its geographical footprint.

Metalico Girard is an Ohio Limited Liability Company incorporated in the US that is engaged in the business of buying and selling of ferrous and non-ferrous scrap metal. The ultimate beneficial owner of Metalico Girard is YeChiu Group. Metalico Youngstown is a Delaware corporation incorporated in the US that is engaged in the business of buying and selling of ferrous and non-ferrous scrap metal. The ultimate beneficial owner of Metalico Youngstown is YeChiu Group.

Source - Strategic Research Institute

voda 6 januari 2021 15:33

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6 Indian Primary Steel Mills Market Share Climbs to 65% in Dec

According to a report in Mint, large steel mills in India are expected to report a large increase in market share in the second half of the fiscal. Historically, Indian steel production has been split more or less evenly between the large integrated players, such as Tata Steel, SAIL and JSW Steel, and smaller secondary steelmakers. However, with Covid forcing out many marginal producers out of the market, the larger players have gained a bigger piece of the pie.

Mint report quoted credit ratings agency ICRA as saying that “The top six steel producers increased their market share in crude steel production to 65% in December, against a historical average of 55% while their capacity utilization has risen to 85% against an average of 78% until then while that of secondary players fell to 65%. These trends indicate the rising dominance of large steel players in the domestic industry and an adverse impact of pandemic on the business performance of some smaller steel producers, which would find it difficult to operate at pre-Covid levels in the near term.”

Source - Strategic Research Institute

voda 6 januari 2021 15:34

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US Treasury Sanctions Several Firms in Iran’s Steel Sector

US Department of the Treasury’s Office of Foreign Assets Control designated a China based supplier of graphite electrodes, a key element in steel production, as well as twelve Iranian producers of steel and other metals products and three foreign based sales agents of a major Iranian metals and mining holding company. The Iranian metals sector is an important revenue source for the Iranian regime, generating wealth for its corrupt leaders and financing a range of nefarious activities, including the proliferation of weapons of mass destruction and their means of delivery, support for foreign terrorist groups, and a variety of human rights abuses, at home and abroad. This action was taken pursuant to Executive Order 13871, which imposes sanctions on several sectors of the Iranian economy, including Iran’s steel sector, that continue to generate significant revenue for the Iranian regime. Secretary Steven T Mnuchin said “The Trump Administration remains committed to denying revenue flowing to the Iranian regime as it continues to sponsor terrorist groups, support oppressive regimes, and seek weapons of mass destruction.”

Chinese company Kaifeng Pingmei New Carbon Materials Technology Co Ltd specializes in the manufacture of carbon materials, key elements in steel production. Between December 2019 and June 2020, KFCC fulfilled orders totalling thousands of metric tons of materials for several Iranian steel companies. In mid-2020, KFCC, working with an Iranian trading firm, sold 300 metric tons of graphite electrodes and miscellaneous equipment to Pasargad Steel Complex in Iran.

OFAC is designating 12 Iranian steel manufacturers or holding companies, whose combined annual output capacity reaches millions of metric tons of steel product.

The Pasargad Steel Complex is an Iranian steel manufacturer, operating a complex capable of producing 1.5 million tons of steel billets per year. The Gilan Steel Complex Company maintains a hot rolling mill with a 2.5-million-ton capacity and a cold rolling mill with an annual capacity of 500,000 tons.

Iran-based Middle East Mines and Mineral Industries Development Holding Company, a metals and mining holding company that includes steelmakers Sirjan Iranian Steel and Zarand Iranian Steel Company, has a collective production capacity of over 19 million tons of steel, iron, and copper products. MIDHCO encompasses seventeen subsidiaries, including fully owned companies in Germany, China, and the United Kingdom. MIDHCO’s Germany-based subsidiary GMI Projects Hamburg GmbH paid foreign companies for procurement of parts and machinery on behalf of Sirjan Iranian Steel and Zarand Iranian Steel Company. MIDHCO’s China-based subsidiary World Mining Industry Co Ltd seeks to develop business relationships with Chinese suppliers in the industry. MIDHCO is being designated for owning, controlling, or operating Sirjan Iranian Steel and Zarand Iranian Steel Company, entities that are part of the steel sector of Iran. GMI Projects Hamburg GmbH, World Mining Industry Co Ltd, and UK based GMI Projects Ltd are being designated for being owned or controlled by MIDHCO.

OFAC is also designating Iranian steelmakers Khazar Steel Co, Vian Steel Complex, South Rouhina Steel Complex, Yazd Industrial Constructional Steel Rolling Mill, West Alborz Steel Complex, Esfarayen Industrial Complex, Bonab Steel Industry Complex, Sirjan Iranian Steel, and Zarand Iranian Steel Company pursuant to E.O. 13871 for operating in the steel sector of Iran.

Concurrent with this action, the State Department is sanctioning KFCC and the Islamic Republic of Iran Shipping Lines subsidiary Hafez Darya Arya Shipping Company for having knowingly sold, supplied, or transferred, directly or indirectly, graphite to or from Iran, and such graphite was sold, supplied, or transferred to or from an Iranian person on the SDN List. The State Department is also sanctioning Majid Sajdeh, a principal executive officer of Hafez Darya Arya Shipping Company

Sanctions Implications - All property and interests in property of these persons that are in the United States or in the possession or control of US persons must be blocked and reported to OFAC. OFAC’s regulations generally prohibit all dealings by US persons or within (or transiting) the United States that involve any property or interests in property of blocked or designated persons.

In addition, persons that engage in certain transactions with the persons designated by OFAC may themselves be exposed to sanctions. Furthermore, any foreign financial institution that knowingly conducts or facilitates a significant transaction for or on behalf of the persons designated by OFAC today could be subject to US correspondent or payable-through account sanctions.

Source - Strategic Research Institute

voda 6 januari 2021 15:36

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AM/NS India Presents Expansion Plans to Steel Minister

ArcelorMittal Nippon Steel India welcomed India’s steel minister Mr Dharmendra Pradhan at its Hazira manufacturing facility on January 4, 2021. AMNS India leadership made a presentation on the company’s future plans. Mr Pradhan said “The Company has plans to expand its capacity at Hazira and is actively engaging to come up with a steel plant in Odisha. I am happy that AM/NS India has evinced interest for expanding its investment in Odisha, especially in the areas of value added & special steels.”

AM/NS India CEO Mr Dilip Oommen said “It is encouraging to receive the government’s support to deliver on our promise of providing better steel to New India. AM/NS India is confident of sustainably meeting the growing steel demand through various products and significantly contributes to the Prime Minister’s vision of an Atmanirbhar Bharat.”

AM/NS India recently celebrated its first anniversary since the acquisition of Essar Steel. Moving forward, AM/NS India’s long-term production intention is to expand upstream and downstream capacity in a phased manner, and make a notable contribution to the country’s steel needs by providing a spectrum of diversified and superior products.

ArcelorMittal Nippon Steel India is also operating a 12 million tonne per annum capacity iron ore palletisation facility in Paradip. They are planning additional capacity addition of 8 million tonne per annum for the palletisation plant and are also actively engaging to come up with a 12 million tonne per annum steel plant in Odisha.

Source - Strategic Research Institute

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voda 6 januari 2021 15:37

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Chinese Steel Scrap Imports Symbolic

South China Morning Post reported that China’s first deals to import scrap steel since lifting a two year ban on it last week are symbolic, Baowu Steel Group & Zhejiang Judong buying scrap steel from Japan, and do not signal that the country is set to significantly reduce its demand for iron ore as the key steelmaking ingredient. S&P Global Platts Keith Tan said “The market thinks these deals are mostly symbolic, as current economics don’t add up. Chinese domestic scrap prices are nearly USD 60 a tonne cheaper than Japanese scrap prices after accounting for freight rates. So, we don’t think there will be any surge in imports in the short term. While some cargoes were booked on New Year’s Day from Japan to China, we believe this was little more than a ‘public relations trade’ rather than out of any economic benefit. Looking at the economics, Chinese mills can procure similar ferrous scrap grades locally today at much more competitive rates compared with the cargoes recently purchased from Japan. Furthermore, with 90% of China’s steelmaking reliant on coking coal blast furnaces, steel scrap would be unlikely to edge out iron ore in the short term, as scrap steel is more compatible with carbon friendly electric arc furnaces.”

According to S&P Global Platts, Ouyeel, a ferrous-scrap trading unit under China Baowu Steel Group bought 3,000 tonnes of high grade scrap from Japanese trader Mitsui & Co on January 1 to be used for steel production by its subsidiary Baoshan Iron & Steel. Judong, a metal scrap processor and trader in east China, also said in a WeChat post that it had bought 2,800 tonnes of highgrade scrap from Japan’s Heiwa. Prices were also not revealed.

Navigate Commodities estimates current local Chinese steel-scrap prices at USD 420-440 a tonne, and calculates Japanese high-grade steel scrap at around USD 497 a tonne. Both calculations show imported scrap prices exceed local prices, which would deter steel mills.

The move to permit scrap steel had also been long in the making, as Chinese authorities pivoted towards waste management and recycling. China lifted scrap steel ban for steel production at start of January after it had been blocked since 2018 to prevent global dumping of low grade scrap waste. Last week, new standards were also formalised by authorities to classify scrap as a recycled steel raw material, while also reducing the import tariff to zero. This adjustment coincided with a total ban on general imported solid waste that went into effect on January 1.

According to Navigate Commodities “Global iron ore consumption was around 2.2 billion tonnes in 2019, with China consuming around 1.2 billion tonnes. In comparison, global scrap consumption was around 686 million tonnes, with China accounting for around 240 tonnes.”

Source - Strategic Research Institute

voda 6 januari 2021 15:38

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Nithia Capital & CarVal Acquire Uttam Galva Metallic & Value Steel

According to media reports, Nithia Capital and CarVal Investors have acquired the distressed steel plants of Uttam Galva Metallics Ltd and Uttam Value Steel Ltd through their Singapore based Joint Venture Holding Company, Wardha Steel Holdings Pte Ltd for INR 2000 crore. Mr Johannes Sittard, Chairman and Founding member of Nithia Capital, has been appointed Chairman of Wardha Steel and Mr Jai Saraf, Founder and CEO of Nithia Capital, has been appointed Chairman of Uttam.

The plan of Nithia Capital and CarVal is to increase Uttam’s primary steel-making capacity by 50 per cent in the immediate future by investing in partially completed projects in a timely and cost-effective manner. Mr Jai Saraf said “The acquisition of Uttam is an important and strategic step for Nithia Capital. Nithia envisions creating a consolidated steel operating platform of up to 2 million tonnes of steel production per year in India through acquisition and organic growth. We have been looking at multiple steel acquisition opportunities in India over the last few years and we are confident that we will continue to grow and build further on the success of Uttam. We consider India to be the engine of growth for world steel for the next 20-25 years, and it is our intention to actively participate in this process."

The acquisition under the Insolvency and Bankruptcy Code was approved by the National Company Law Appellate Tribunal in September. The two companies, which had outstanding dues of over INR 7400 crore, were recommended for corrective action by the RBI in its second list of large defaulters. State Bank of India and Union Bank of India were the lead bankers. In June 2018, both the companies were admitted for insolvency proceedings after they defaulted on loan extended by Union Bank and SBI. Resolution professional had admitted claim of INR 4,176 crore of Uttam Galva Metallics and INR 3,014 crore of Uttam Value Steel. The NCLT then approved the CarVal Investors and Nithia Capital consortium for a resolution plan. However, five operation creditors, who had to take 99 per cent haircut, moved NCLT and then the Supreme Court, which turned down their plea. Last September, the National Company Law Appellate Tribunal cleared the last hurdle for the execution of the deal by dismissing the appeal of the operational creditor against the bid.

Uttam is an integrated mid sized flat steel producer with annual capacity of 0.7 million tonnes of crude steel. Its facilities are located near Nagpur with captive railway siding, enabling reach to all major markets countrywide and proximity to Iron ore.

Source - Strategic Research Institute

voda 6 januari 2021 15:38

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GFG Alliance Completes Purchase of TEMCO

GFG Alliance has finalised the purchase of the hydro energy-powered Tasmanian Electro Metallurgical Company smelter in Bell Bay in northern Tasmania, a significant step forward in its pursuit to be self sufficient in the supply chain. After entering a binding sale and purchase agreement with South32 Limited and Anglo American Plc in August this year, finalisation sees TEMCO join LIBERTY Steel Group as part of the GFG Alliance family. GFG Alliance Executive Chairman Mr Sanjeev Gupta said the acquisition not only secured the jobs of the smelter’s 250 workers but would also play a key role in enhancing LIBERTY’s drive to be self sufficient in the supply chain. He said “When we entered into the agreement in August, I flagged that our investment in key inputs such as ferromanganese and silicomanganese would generate supply chain value to ensure a sustainable and globally competitive steel manufacturing sector. This acquisition is an upstream integration for Whyalla and all our steel plants globally.”

The TEMCO facility, which is powered by Hydro Tasmania, has four submerged arc furnaces, including a sinter plant, and has the capacity to produce around 150ktpa of high carbon ferromanganese and 120ktpa of silicomanganese used in the production of steel.

Source - Strategic Research Institute

voda 6 januari 2021 15:39

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Baowu Steel Opens Scrap Based Steel Plant in Anhui

Reuters reported that China Baowu Steel Group has launched a steel scrap processing and production facility with annual capacity of 2.8 million tonnes in the eastern Chinese province of Anhui. Baowu unit Ouyeel Blockchain Finance and Metal Recycling Resources Co Ltd said that the facility has total investment of 440 million yuan. The company described the facility as the first lights out factory, a term meaning unmanned production, in the metals recycling industry. It said “Procurement, production, sales, settlement, suppliers and operations will all be managed online.”

China has enforced new standards for steel scrap this year, reclassifying high-grade scrap to ensure quality of the steelmaking ingredient and allow imports of material meeting new standards to ease reliance on iron ore. Ouyeel had sealed agreement with Japanese trading house Mitsui & Co on January 1 to bring in 3,000 tonnes of high grade steel scrap from Japan for Baoshan Iron & Steel.

Source - Strategic Research Institute

voda 6 januari 2021 15:39

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Tata Steel & CII in GreenPro Framework for Steel Rebars

Tata Steel has collaborated with CII Green Business Centre and relevant stakeholders in the Indian Steel sector to develop GreenPro framework for steel rebars, for first time in India. GreenPro Ecolabel enables the end users to make an informed choice about buying steel having the lowest environment impact. The products with GreenPro label are guaranteed to be made of the highest quality standards and are sustainable as per the GreenPro standard. GreenPro certified products are also recognised in Indian Green Building Council green building rating system.

Mr Biswajit Ghosh, Chief of Technology, Tata Steel, who chaired the taskforce created by CII-GBC for GreenPro framework creation for Rebars, said “GreenPro Ecolabel for Rebars in India is an important milestone in creating a market for sustainable steel in India. Tata Steel is committed to demonstrate that going green in manufacturing steel products makes business sense and contributes to the nation's objective of reducing CO2 emissions.”

GreenPro is a Type 1 Ecolabelling programme offered by the Confederation of Indian Industry Green Business Centre. So far, more than 125 building products and materials manufacturing companies have adopted GreenPro Ecolabel for 1800+ products and are available in the market for construction of Green Buildings.

Buildings and construction together account for nearly 36% of global energy use and 39% of energy related carbon dioxide emissions. Embodied carbon accounts for 11% of the building’s emissions and is primarily from materials like steel, cement, concrete, glass, etc. The use of Green or low carbon materials has the potential to reduce the life cycle environmental impacts in the construction sector. Material efficiency strategies can reduce emissions due to construction, operations, and dismantling of homes by up to 50% to 70% in India by 2050.

Source - Strategic Research Institute

voda 6 januari 2021 15:40

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Nucor Tubular Products Selects PowerFleet Telematics

Global leader and provider of subscription based wireless IoT and M2M solutions for securing, controlling, tracking, and managing high value enterprise assets such as material handling equipment, tractor trailers, containers, cargo, automobiles, and light and heavy duty truck fleets PowerFleet Inc has been selected by Nucor Tubular Products to improve safety, compliance, and utilization by using PowerFleet's telematics solutions. Nucor Tubular Products has employed PowerFleet to enhance the safety of all warehousing operations at its facilities. After a rigorous pilot program, Nucor Tubular Products has chosen to deploy the PowerFleet Enterprise telematics solution across all lift-truck equipment and instrument cranes at a second location in Q4 2020 and the remaining six of its tubular products facilities during the first half of 2021.

PowerFleet sets the industry safety standard through its telematic solutions, which improve material handling productivity, reduce costs, and ensure equipment is in the proper place at the right time. Its products also provide improved safety while maintaining strict compliance and reducing slowdown friction lost in manual check-ins.

In addition to the PowerFleet Enterprise solution, Nucor Tubular Products will also deploy PowerFleet Forewarner MAXI Crane Safety lights and CP4 Forklift Camera solutions to increase visibility, safety and guarantee accurate records of equipment use in real-time.

Source - Strategic Research Institute

voda 6 januari 2021 15:41

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L&T Bags Contract for Bacheli Nagarnar Slurry Pipeline

The Water and Effluent Treatment business of L&T Construction has secured an EPC order involving design, engineering, supply & installation of plant and equipment to lay 135 km of Slurry Pipeline and Water Pipeline Systems between Bacheli and Nagarnar and associated facilities in the State of Chhattisgarh.

L&T is already executing a pumping facility as part of another package for the same client in the same area that involves the supply of positive displacement pumps and the construction of a slurry pump house.

Source - Strategic Research Institute

voda 7 januari 2021 12:14

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4 Killed in CO Gas Leak at SAIL RSP

In an unfortunate incident at Steel Authority of India Limited’s Rourkela Steel Plant, four contract workers engaged at the Plant’s Coal Chemicals Department have succumbed to a suspected gas leakage incident. The contractual workers felt unwell at around 9 AM on 06.01.2021 and were immediately rushed to the ICU of Ispat General Hospital at Rourkela for treatment. SAIL said “SAIL family is deeply saddened by the loss of lives and stand strong with the affected families at this time of grief. A high level committee has been formed to inquire into the cause of the incident and all emergency protocols have been immediately activated in the plant.”

Local media reported that DGM of Coal Chemical Department Mr N Das and DGM of Energy Management Department Mr G Barik were placed under suspension for dereliction of duty. RSP also assured to provide a job to each family of the deceased. Besides, maintenance contractor firm Star Construction that had hired the services of the four has been directed to pay INR 2.5 lakh ex gratia to each of their kin.

RSPs Chief Executive Officer Mr Dipak Chattaraj has expressed deep anguish over the untimely demise of the four contract workers and said the authorities will extend every possible support to the bereaved families.

Odisha Chief Minister Me Naveen Patnaik has expressed grief. He said “Deeply saddened to know about the tragic loss of lives in the gas leak incident at Rourkela Steel Plant. My thoughts and prayers are with bereaved families in the hour of grief.”

India’s Steel Minister Mr D Pradhan tweeted “Grieved at the loss of lives in an unfortunate incident at SAIL Rourkela Steel Plant. My thoughts are with the affected families in this hour of grief.”

First week of 2021 has not been good for SAIL as Pioneer had reported on January 4 that a critically injured Bokaro Steel Plant’s worker Mr Abul Ansari died at Mission Hospital Durgapur. Mr Ansari, posted as Technician at Steel Melting Shop II, sustained over 50% burn injuries on 30 December. He was admitted to Bokaro General Hospital, later shifted to Durgapur Mission Hospital for better treatment.

Source - Strategic Research Institute

voda 7 januari 2021 12:15

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Baowu Steel Claims World’s No 1 Steel Maker Spot in 2020

China’s top steel maker China Baowu Steel Group, after a series of mergers and acquisitions since 2016, celebrated its 2020 crude steel output exceeding 100 million tonnes on December 23, thus officially claiming the ranking of the world’s No 1 steel maker. Baowu was formed via the merger of Baosteel Group and Wuhan Iron & Steel Group in2006. , then in June 2019, Baowu acquired 51% stake in Magang (Group) Holding in Anhui in East China in June 2019. Baowu acquired control of Chongqing Iron & Steel Group in Southwest China’s Chongqing in 2020, followed by Baowu’s receiving a 51% controlling stake in Taiyuan Iron & Steel Group, China’s No 2 stainless producer in North China’s Shanxi province.

China has been progressing towards the goal of strengthening the concentration in its steel sector, making its top ten steel mills to contribute 60% of the domestic steel production. The aim is yet to be realized completely.

Source - Strategic Research Institute

voda 7 januari 2021 12:16

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China Imposes COVID19 Lockdown in Shijiazhuang in Hebei Province

Local media reported that China has imposed a lockdown in its northern city of Shijiazhuang in Hebei Province on January 6, after 63 coronavirus cases, 20 confirmed infections and 43 asymptomatic cases all locally transmitted, were confirmed. The whole of Shijiazhuang, which has a population of 11 million, is placed under lockdown measures, with passenger train services suspended to prevent further spread of the virus. Flights and coach services to Beijing 300km northeast of Shijiazhuang were cancelled. The Gaocheng district of provincial capital Shijiazhuang would organise testing for all its permanent residents

Hebei is China’s No 1 steelmaking province and its steel output still contributing on average to about one quarter of China, followed by Jiangsu Province at 11% and Shandong Provine at 8%. According to Dun & Bradstreet, Shijiazhuang has about 200 industries related to steel sector, with prominent ones being HBIS Company Limited, Jingye Iron & Steel Co Ltd, Shijiazhuang Iron & Steel Co Ltd, Heye Special Steel Co Ltd, Hebei Fengda Iron and Steel Co Ltd and Hebei Shilu Special Steel Co Ltd.

Nationally, mainland China reported 33 new COVID-19 cases on January 4, with 14 of the 17 local cases recorded in Hebei and 16 cases imported from overseas. The province had entered wartime mode, meaning investigation teams would be set up at provincial, city and district levels to trace the close contacts of those who have tested positive. In turn, the close contacts of those people would also be located, isolation measures would be put in place and testing carried out.

Beijing is scheduled to host China's annual parliamentary meeting in March. Last year's gathering was postponed by more than two months because of the coronavirus outbreak.

Source - Strategic Research Institute

voda 7 januari 2021 12:18

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En de 25.000 ste post op deze lang lopende Staalnieuws draad!!

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