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voda 27 januari 2022 07:08

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India Extends AD Duty on Trailers Axle Imports from China

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

Indian Department of Revenue under the Ministry of Finance has accepted the Ministry of Commerce and Industry’s recommendation to maintain the existing anti-dumping duties on axle for trailers originating in or exported from China. As a result, the AD duty rate on Guangdong Fuwa Heavy Industries Co Ltd was set at USD 0.16 per kg and other China’s producers and exporters will be subject to a duty rate of USD 0.31 per kg. The anti-dumping duty imposed shall be effective for a period of five years

India’s Director General Trade Remedies had concluded in October 2020 that the dumped imports continued even after anti-dumping duties and there are practices like circumvention to evade the duties in place show a strong likelihood situation that rate of imports may increase significantly if the existing anti-dumping duties are revoked and there is a likelihood of continuation/recurrence of dumping and injury to the domestic industry in the event of cessation of duties at this stage. DGTR had recommended continued imposition of an anti-dumping duty

The products involved are classified under HS code 8716 90 10, including axle for trailers in complete knock down or semi knock down

India’s Finance Ministry’s Department of Revenue announced on August 26, 2021, had extendewd the existing anti-dumping duty rates of USD 0.14-0.46 per kg on axle for trailers originating in China.

The initial AD investigation was launched on December 28, 2015 based on the application filed by the domestic company York Transport Equipment (India) Pvt Ltd. The first sunset review of this case was launched on April 19, 2021 following an application submitted by the same local company.

voda 27 januari 2022 07:09

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National Pension Service Approves POSCO’s Restructuring Plan

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

Korea Times reported that South Korean steel giant POSCO announced that it is nearing the completion of its corporate restructuring plan, whereby an envisioned holding firm will claim the entire shares of its spun-off steelmaking operation to the exclusion of current POSCO shareholders, with approval from the National Pension Service, POSCO's largest shareholder with a 9.75 percent stake. The report quoted a POSCO official as saying that "The NPS gave a positive assessment of the restructuring plan, including ways to strengthen its non-steel businesses, after the firm is divided into a holding firm and a spinoff.”

The decision came after POSCO announced the restructuring plan at a board meeting last month, as part of a long-term reorientation of strategy to strengthen the role of the holding firm in fostering new future growth businesses including rechargeable batteries and hydrogen energy, while still maintaining exclusive ownership of the steelmaking firm. POSCO will not seek to list neither its steel spinoff, nor its battery or hydrogen firms.

The plan will be finalized at the January 28 shareholders meeting if a vote on the matter receives support from two-thirds of shareholders attending, with their combined shares accounting for at least a third of the outstanding total.

voda 27 januari 2022 07:12

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ArcelorMittal’s XCarb Invests in H2Pro for Hydrogen Production

Strategic Research Institute
Published on :
27 Jan, 2022, 5:27 am

ArcelorMittal announced that it has made a USD 5 million investment in H2Pro through its XCarb innovation fund. The investment is part of a USD 75 million Series B fundraise by H2Pro, with other investors including Temasek, Horizons Ventures, Breakthrough Energy Ventures and Yara. H2Pro is developing a disruptive way of producing hydrogen from water. Similar to electrolysis, its technology Electrochemical Thermally Activated Chemical, E-TAC, uses electricity to split water into hydrogen and oxygen. Unlike conventional electrolysis however, hydrogen and oxygen are generated separately in different steps an Electrochemical step and a Thermally Activated Chemical step.

The technology was developed at Technion, Israel Institute of Technology. E-TAC water splitting offers energy efficiency of over 95%, significantly higher than traditional water electrolysis technologies which typically deliver energy efficiency of around 70%. E-TAC is also expected to prove more cost effective than traditional electrolysis, with CAPEX costs anticipated to be broadly halved, alongside lower operational costs. H2Pro is targeting producing hydrogen at a cost of under US$2/kg by 2023, when its first commercial, megawatt scale project is anticipated to move into production and at a cost of under USD 1 per kg by 2030.

H2Pro was founded in 2019 by three leading hydrogen experts from Technion, Dr Hen Dotan, Professor Gideon Grader and Professor Avner Rothschild and Talmon Marco. Talmon previously co-founded Viber, a messaging app which was acquired by Rakuten Inc for USD 900 million in 2014, and co-founded and led ride-hailing app Juno until it was bought by Gett Inc. for USD 200 million in 2017.

H2Pro is the fifth investment ArcelorMittal has made through its XCarb innovation fund, bringing the fund’s total investment commitments to USD 180 million since its launch in March 2021.The Company has previously invested

1. An initial USD 10 million in Heliogen, a renewable energy technology company that focuses on ‘unlocking the power of sunlight to replace fossil fuels’, supplemented by a further USD 10 million investment at the time of Heliogen’s recent IPO.

2. USD 25 million in Form Energy, which is developing a breakthrough low-cost iron-air battery storage technology.

3. USD30 million in LanzaTech, a carbon recycling company with which ArcelorMittal has a EUR 180 million carbon capture and re-use project underway at its steel plant in Ghent in Belgium.

4. Committed USD 100 million over five years in Breakthrough Energy’s Catalyst program, an initiative Bill Gates founded to scale the technologies the world needs to reach net-zero emissions by 2050.

Bijlage:

voda 27 januari 2022 07:13

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voestalpine Installing Photovoltaic Systems at All Group Sites

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

Austrian steel maker voestalpine is installing photovoltaic systems covering a total area of around 310,000 square meters and generating an output of almost 6 MWp at its company sites. 100,000 square meters of roof and open space is already covered by photovoltaic systems at the Austrian sites in Linz, Donawitz, Kapfenberg and Krems, and more are currently being installed. Similar systems are already in operation at sites in Germany and the Netherlands. Capacity will also be expanded in Spain, USA, and China.

voestalpine has been a leading provider in solar segment for years, with its high-quality steel components and systems used to form the substructures for photovoltaic and solar systems. Now these high-quality special profiles are also being used in the photovoltaic installations at the Austrian sites.

By consistently optimizing its processes and plants, voestalpine has reduced its carbon emissions by around 20% over the past three decades, to almost the lowest level technically possible. voestalpine has a clear plan to decarbonize steel production with greentec steel: using a hybrid technology, carbon emissions can be reduced by around 30% to 2030, and over the long term the goal is to successively increase the use of green electricity and green hydrogen in steel production, to achieve carbon neutrality by 2050. However, this depends upon sufficient availability of green electricity, in adequate quantities and at competitive prices.

Bijlage:

voda 27 januari 2022 07:14

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Hyundai Steel Develops1.5GPa CR Steel to Lightweight EVs

Strategic Research Institute
Published on :
27 Jan, 2022, 5:35 am

Targeting the rapidly-growing global electric vehicle market, that South KKorean steel maker Hyundai Steel has developed production of 1.5 GPa Martensite Steel sheets with higher flatness and crack-resistance characteristics than ordinary plates. 3 millimeter-thick cold-rolled steel can be used in the production of EV battery cases, bumpers and other reinforcements.

Martensite is a very hard form of steel crystalline structure formed in carbon steels by the rapid cooling of the austenite form of iron. Usually, a 1.5 GPa martensitic steel plate is not flat enough and cracks easily due to hydrogen penetration. But Hyundai Steel used a heat technology that replaces rapid cooling normally used when manufacturing the plate, allowing it to be made flatter. It also minimized hydrogen penetration in the process to reduce cracking.

Steel sheets used in the production of electric vehicles need to be lighter and stronger to secure the structural integrity of the hull and battery cases. EVs are much heavier than internal combustion engine vehicles of the same class because the weight of battery packs and electric motors combined is heavier than ordinary cars' engine and transmission systems.

voda 27 januari 2022 07:18

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US Steel Investing in Carnegie Foundry to Accelerate Robotics

Strategic Research Institute
Published on :
27 Jan, 2022, 5:38 am

United States Steel and leading robotics and AI studio Carnegie Foundry announced a strategic investment and partnership. The two Pittsburgh based companies will work to accelerate and scale industrial automation driven by advanced robotics and AI. As part of this strategic relationship, US Steel Corporation will join Oshkosh Corporation, both anchor investors, on the Carnegie Foundry Board of Directors. Terms of the deal were not disclosed.

Carnegie Foundry will use this investment to accelerate venture opportunities,- commercializing and scaling its industrial automation portfolio of robotics and AI technologies in advanced manufacturing, automated warehouses and supply chains, industrial robotics, integrated systems, autonomous mobility, voice analytics and more.

Carnegie Foundry, through its relationship with the world leader in autonomous robotics the National Robotics Engineering Center at Carnegie Mellon University - combines expertise from decades of applied R&D work in autonomy with highly strategic, corporate venture capital partners like US Steel to bring multi-use technology solutions to market.

voda 27 januari 2022 07:18

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Vedanta Plans for 10-12 Million Tonne Per Annum Steel Capacity

Strategic Research Institute
Published on :
27 Jan, 2022, 5:42 am

Vedanta Iron & Steel’s CEO Mr Sauvick Mazumdar, while sharing plans with Financial Express’s Mr Surya Sarathi Ray said “Currently, we have around 1.5 million tonne per annum capacity at ESL and are working to take it to 3 million tonne per annum with around INR 4,000-crore investment. The expansion will be through the brownfield route. We are getting the requisite clearances and I believe in the next 9-10 months, this entire capacity addition will take place. The blueprint is also ready for taking the capacity further to 5 million tonne per annum. It will require another INR 8,000-9,000 crore.”

He said “We have got over 1,000 acres of land in Bellary. We are very actively considering that expansion. We will produce green steel there. We are toying with various ideas as to whether we will go for a tie-up. But it’s too early to say anything. At this point, I won’t be able to say much on the proposed capacity there. But we have been talking about having around 3-4 million tonne per annum over there.”

He said “Right now, we are producing around 2.5 million tonne per annum. Apart from 1.5 million tonne per annum in ESL, we are producing around 1 million tonne per annum of very high-quality pig iron in Goa. Very soon, we’ll also produce ductile iron pipe from Goa. By 2030, we’ll be coming up with Bellary and further expansion with ESL. So, in the next 6-7 years, we expect our expansion to be a minimum of 10-12 million tonne per annum.”

He added “Our product basket includes TMT bar, wire rod and ductile iron pipe in the steel segment. We are in the process of doubling the entire product basket. However, as we go forward, we will also get into the flat and special alloys segment.”

Vedanta acquired the inoperative Bellary Steel in Karnataka through competitive bidding in 2011 and Electrosteel Steels via the insolvency route in 2018. The company’s iron and steel vertical includes steel operations, iron ore mines in Goa, Karnataka and Odisha, apart from a ferro-alloys producing unit; a nickel, cobalt and cement unit; and a pig iron, metallurgical coke & port business.

voda 27 januari 2022 07:18

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RINL VSP Reports Strong Performance in April-December 2021

Strategic Research Institute
Published on :
27 Jan, 2022, 5:45 am

Rashtriya Ispat Nigam Limited’s Visakhapatnam Steel Plant celebrated the 73rd Republic Day. RINL CMD Mr Atul Bhatt congratulated RINL collective who worked together to achieve record production at all major production units and for utilizing the opportunities of the buoyant market resulting in achieving a Profit After Tax of INR 790 Crores during the first nine months of the fiscal. He said “The year 2021 has provided us many learning experiences and the company has benefitted enormously emerging stronger to face such challenges in future. We have to continuously look for opportunities in every process to cost savings.”

He informed that “Hot Metal production which stood at 4.428 million tonne registered a growth of 47% while Liquid Steel production and Saleable Steel production stood at 4.196 million tonne and at 3.885 million tonne registering a growth of 47% and 44% respectively. Sales volume of 3.725 million tonne registered a growth of 22%. Sales Turnover INR 19403 registered a growth of 70%.”

voda 27 januari 2022 07:20

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AMNS India Bags CIIs GreenPro Certification for Color Coated Steel

Strategic Research Institute
Published on :
27 Jan, 2022, 6:23 am

ArcelorMittal Nippon Steel India has been awarded the Confederation of Indian Industry's prestigious GreenPro Ecolabel certification for its Pre-Painted Galvanized Iron products. Manufactured at AM/NS India's Pune facility, the company's PPGI range of steels was assessed against numerous environmental criteria across product life cycle, including product innovation, design and performance, raw material input, manufacturing process, and waste management. ArcelorMittal Nippon Steel India Executive Director (Coated) Mr RV Sridhar said “AM/NS India is proud to have obtained the coveted GreenPro certification from the leading industry body Cll, a seal of guarantee of the sustainability of our wide spectrum of Pre-Painted Galvanized Steel products. We invest significant time and resources to produce cleaner, smarter steel; and this accreditation is testament to our commitment to India s ambition for a lower-carbon economy."

In securing GreenPro certification, AM/NS India’s Pune facility has been able to demonstrate a range of initiatives to reduce the environmental impact of its manufacturing, including the use of sustainable materials, greater use of regionally sourced raw materials, reduction in hazardous substances in the manufacturing process, as well as energy and waste management to reduce AM/NS India's carbon footprint per square meter of color coated coil and sheet produced. AM/NS India has further come up with Anti-Bacterial PPGI which is also being exported to the most demanding markets, earning the company rich accolades from customers, who called the development significant, particularly during the COVID pandemic.

AM/NS India's PPGI product range covers over 4500 shades and a plethora of finishes, sizes, widths, and end applications. The company offers unmatched speed of service, with assured dispatch within 5 to 7 days from ordering. As a result, the company's PPGI commands a 55-60% share of business in the domestic PPGI market with a strong presence in the Tier II / Tier III cities.

Developed by Cll to promote sustainable industrial consumption and manufacturing, GreenPro is a product certification which assists end users in making informed, climate-friendly choices. GreenPro is accredited by the Global Ecolabelling Network, an internationally recognized association of leading ecolabelling organizations worldwide, and the certification's guidelines are recognized by the United Nations Environment Programme.

voda 27 januari 2022 07:21

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Rio Tinto Update in Pilbara Iron Ore Operations in 2021

Strategic Research Institute
Published on :
27 Jan, 2022, 5:30 am

Rio Tinto has announced that shipments of 321.6 million tonnes in 2021, Rio Tinto share 267.9 million tonnes, were 3% lower than 2020. Shipments included 36.6 million tonnes of SP10 products. There was 8.8 million tonnes of Pilbara product retained as working capital at China portside as compared to 1.7 million tonnes in 2020. SP10 products comprised a higher share of shipments in the fourth quarter as a result of delays in growth and brownfield mine replacement tie-in projects. As those mines ramp-up through the first half of 2022, we will see SP10 gradually decrease and return to levels around 6% of shipments in the medium term.

Pilbara operations produced 319.7 million tonnes (Rio Tinto share 266.8 million tonnes) in 2021,4% lower than 2020. This was due to above average rainfall in the first half of the year, cultural heritage management and delays in growth and brownfield mine replacement tie-in projects. Ongoing COVID-19 restrictions and a tight labour market have further impacted our ability to access experienced contractors and particular skill sets.

Production from the new greenfields mine at Gudai-Darri and brownfield mine replacement project at Robe Valley, was delayed due to COVID-19 impact on labour availability and an inability to conduct pre-delivery quality assurance and control at international steel manufacturers due to limitations on travel. First ore from Gudai-Darri was railed in December from the modular crushing and screening plant installed to supplement production and mitigate commissioning delays. Robe Valley production was significantly impacted by the Mesa A wet plant commissioning delays.

Approximately 11% of sales in 2021 were priced by reference to the prior quarter's average index lagged by one month. The remainder was sold either on current quarter average, current month average or on the spot market. Approximately 28% of sales in the fourth quarter were made on a free on board (FOB) basis, with the remainder sold including freight.

Achieved realised pricing in 2021 was $132.3 per wet metric tonne on an FOB basis (equivalent to $143.8 per dry metric tonne, at 8% moisture assumption). This compares to the monthly average Platts index for 62% fines converted to an FOB basis of $146.9 per dry metric tonne. In 2020, average realised pricing was $91.0 per wet metric tonne ($98.9 dry metric tonne).

voda 27 januari 2022 07:54

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Beursblik: Goldman haalt Arcelor van kooplijst
Koersdoel verlaagd naar 33 euro.

(ABM FN-Dow Jones) Goldman Sachs heeft donderdag het advies voor ArcelorMittal verlaagd van Kopen naar Houden en het koersdoel teruggebracht naar 33,00 euro.

De analisten van de Amerikaanse zakenbank houden rekening met lagere staalprijzen in combinatie met hogere kosten, onder meer voor ijzererts en kolen. Als gevolg daarvan verlaagde de zakenbank de raming voor de EBITDA voor dit jaar met 10 procent en met 7 procent voor 2023, naar respectievelijk 14 en 8,1 miljard dollar. In het lopende eerste kwartaal zal de EBITDA op 4,4 miljard dollar uitkomen, denkt Goldman, ook een verlaging met 10 procent ten opzichte van de oude taxatie.

De raming voor 2022 is in lijn met de analistenconsensus, maar die voor 2023 ligt daar 10 procent onder, merkte Goldman op.

Goldman wijst op de "gezonde balans" van Arcelor en de goede vooruitzichten voor de vrije kasstroom. Dat biedt ruimte om dit jaar voor 2,4 miljard dollar aan eigen aandelen in te kopen, denken de analisten. Dit jaar kunnen aandeelhouders een rendement van 16 procent tegemoet zien, volgens de bank, en volgend jaar zelfs van 18 procent.

Door: ABM Financial News.

info@abmfn.nl

Redactie: +31(0)20 26 28 999

staalfreak2 27 januari 2022 11:14

0

www.steelbb.com/lateststeelnews/

Latest news from Platts
27 Jan 22 Hyundai Steel posts 3% fall in 2021 output amid revamp

Flat Products
Asia
26 Jan 22 Indian HRC up on mills' price hikes, export bookings
26 Jan 22 Positive sentiment lifts Asian flats; trading stagnant
Europe
26 Jan 22 Turkish mills boost HRC prices further on output cuts, lack of imports
26 Jan 22 EC: No provisional measures on EU imports of Russia, Turkey HDG
26 Jan 22 European HRC market sees higher offer prices, buyers show low interest
26 Jan 22 European HDG prices remain firm as mills await demand pickup
26 Jan 22 Platts EMEA HRC Assessment Rationale
North America
26 Jan 22 US hot-rolled coil prices sink to lowest level in 10 months
26 Jan 22 US flat-rolled steel lead times remain short, prices fall
26 Jan 22 Platts US HRC daily index rationale
26 Jan 22 US sheet mills face drop in service center contract business

Long Products
Asia
26 Jan 22 Asian wire rod prices extend gains on bullish sentiment
26 Jan 22 Asian billet prices jump on higher buying indications, tight supply
Europe
26 Jan 22 Turkish export rebar prices rise amid fresh deal
26 Jan 22 Platts EMEA Turkish Rebar Daily Rationale
CIS
26 Jan 22 Balakovo to become Russia's third beam producer from 2024
26 Jan 22 Platts FOB Black Sea Steel Billet Rationale

Tubes & Pipes
Europe
26 Jan 22 BM's Romania pipe service center to focus on EU auto market

Raw Materials & Scrap
Asia
26 Jan 22 Asia met coal prices rangebound, outlook mixed
Europe
26 Jan 22 Turkish deepsea import ferrous scrap prices edge higher
26 Jan 22 Platts EMEA Turkish Ferrous Scrap Daily Rationale
North America
26 Jan 22 US Shredded Scrap Midwest Daily Rationale

Corporate & Industry
Asia
26 Jan 22 Lunar New Year publishing schedule for Platts Asia Metals
26 Jan 22 Vietnam steel industry supported by export business in 2021 : VSA
26 Jan 22 China’s low steel inventories to lend market momentum after Lunar New Year
26 Jan 22 Toyota unlikely to achieve 9 mil vehicle annual target amid output cuts: company
Europe
26 Jan 22 EU DATA: Commercial vehicle registrations up 9.6% in 2021: ACEA
North America
26 Jan 22 US auto sales expected to dip in January as low inventory persists: analysts
World
26 Jan 22 Steel market heards selection
26 Jan 22 Global crude steel production climbs 3.6% on year in 2021: worldsteel

voda 28 januari 2022 07:17

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Country Wise Crude Steel Production in 2021 – Top 40

Strategic Research Institute
Published on :
28 Jan, 2022, 4:44 am

World Steel Association announced that global crude steel production for the 64 countries, accounting for approximately 98% of total world crude steel production, in 2021 was 1911.9 million tonnes, up 3.6% YoY

Aannual Production Totals by Country (Top 40)

1 China - 1032.8 million tonnes, down by 3.0% YoY

2 India - 118.1 million tonnes, up by 17.8% YoY

3 Japan - 96.3 million tonnes, up by 15.8% YoY

4 United States - 86.0 million tonnes, up by 18.3% YoY

5 Russia (e) - 76.0 million tonnes, up by 6.1% YoY

6 South Korea - 70.6 million tonnes, up by 5.2% YoY

7 Turkey -40.4 million tonnes, up by 12.7% YoY

8 Germany - 40.1 million tonnes, up by 12.3% YoY

9 Brazil - 36.0 million tonnes, up by 14.7% YoY

10 Iran (e) - 28.5 million tonnes, down by1.8% YoY

11 Italy - 24.4 million tonnes, up by 19.7% YoY

12 Viet Nam (e) - 23.6 million tonnes, up by 18.4% YoY

13 Taiwan, China - (e) 23.3 million tonnes, up by 10.9% YoY

14 Ukraine - 21.4 million tonnes, up by 3.6% YoY

15 Mexico (e) - 18.4 million tonnes, up by 9.5% YoY

16 Spain - 14.0 million tonnes, up by 27.7% YoY

17 France - 13.9 million tonnes, up by 20.3% YoY

18 Canada (e) - 12.8 million tonnes, up by 16.2% YoY

19 Indonesia (e) - 12.5 million tonnes, down by2.9% YoY

20 Egypt - 10.3 million tonnes, up by 25.1% YoY

21 Saudi Arabia -8.7 million tonnes, up by 12.3% YoY

22 Poland (e) - 8.4 million tonnes, up by 6.5% YoY

23 Austria (e) - 7.9 million tonnes, up by 17.1% YoY

24 United Kingdom (e) - 7.4 million tonnes, up by 3.9% YoY

25 Belgium (e) - 7.0 million tonnes, up by 13.6% YoY

26 Netherlands - 6.6 million tonnes, up by 9.4% YoY

27 Malaysia (e) - 6.5 million tonnes, down by 1.8% YoY

28 Australia - 5.8 million tonnes, up by 6.0% YoY

29 Thailand (e) - 5.6 million tonnes, up by 25.8% YoY

30 Bangladesh (e) - 5.5 million tonnes, up by 0.0% YoY

31 Pakistan (e) - 5.3 million tonnes, up by 39.9% YoY

32 South Africa (e) - 5.0 million tonnes, up by 29.5% YoY

33 Argentina - 4.9 million tonnes, up by 33.5% YoY

34 Slovakia - 4.9 million tonnes, up by 41.2% YoY

35 Czechia - 4.8 million tonnes, up by 7.9% YoY

36 Sweden - 4.7 million tonnes, up by 6.1% YoY

37 Kazakhstan (e) - 4.4 million tonnes, up by 12.5% YoY

38 Finland - 4.3 million tonnes, up by 24.1% YoY

39 Algeria (e) - 4.0 million tonnes, up by 0.0% YoY

40 Romania (e) - 3.4 million tonnes, up by 21.8% YoY

41 Others - 36.2 million tonnes, up by 6.4% YoY

Source - The World Steel Association

voda 28 januari 2022 07:20

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Mr Keith Shuttlesworth Joins Flack Metal Bank as EVP

Strategic Research Institute
Published on :
28 Jan, 2022, 4:50 am

Chicago based Flack Global Metals announced that Mr Keith Shuttlesworth has joined the organization as Executive Vice President of Flack Metal Bank. Mr Shuttlesworth is a steel industry veteran with over two decades of commercial and procurement experience. He joins FMB to lead efforts to increase market awareness of the financial tools available to reduce price volatility and help customers implement risk management and hedging strategies to complement their current supply chains.

Before joining FMB, Mr Shuttlesworth was the Chief Commercial Officer at Big River Steel and was instrumental in leading the company's extremely successful startup and phase two expansions. He was responsible for sales, marketing, and technical services, and was heavily involved in Big River's metallics procurement. Before his tenure at Big River, Mr Shuttlesworth spent over 18 years at United States Steel Corporation, where he advanced through many sales and marketing positions in both the United States and Europe.

Flack Global Metals is an innovative domestic flat-rolled metals distributor and supply chain manager, an international commodities trader, and a global hedge fund – purpose-built to deliver certainty. The organization launched Flack Metal Bank in 2021 to allow buyers of flat-rolled metal products to take advantage of pricing on the forward curve regardless of whether they secure physical inventory from FGM or maintain existing supply relationships.

voda 28 januari 2022 07:21

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OMK Implemented Automated System to Track Railway Wheels

Strategic Research Institute
Published on :
28 Jan, 2022, 4:55 am

Russian steel maker United Metallurgical Company OMK, which produces railway wheels for all types of rolling stock has launched the Electronic Inspector automated system at its Vyksa plant in the Nizhny Novgorod region in January. OMK expects that the use of the system developed by the Association of Railway Equipment Manufacturers jointly with Russian Railways will make it possible to track the life cycle of railway wheels and protect the company's customers from counterfeit products. System users create digital product quality passports with a qualified electronic signature. Each passport enters a single database available to all participants in the transportation process. Thus, they will be able to protect themselves from the acquisition of counterfeit goods.

In addition, the system reflects information about the life cycle of the product - for example, statistics on mileage, repairs, regrinding of wheel products. OMK specialists plan to use this data to assess the life cycle of their products, especially new types, in order to make decisions on improving the quality of wheels in the future.

OMK's Vyksa plant became the first enterprise to integrate Electronic Inspector technologies into functioning internal electronic systems by integrating new elements for data transmission into an already well-established business process. The enterprise has been operating electronic document management with customers for several years, so the plant's specialists have previously entered quality certificates for products certified by an electronic signature into the system.

voda 28 januari 2022 07:21

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US Decides CVD on Corrosion-Resistant Steel from South Korea

Strategic Research Institute
Published on :
28 Jan, 2022, 5:00 am

The US Department of Commerce has announced the final results of its administrative review on the countervailing duties on imports of certain corrosion-resistant steel products from South Korea during the period January 1, 2019 through December 31, 2019. The final subsidy rates are at 10.51% for KG Dongbu Steel Co Ltd and other companies, above de minimis, while Hyundai Steel Company received a subsidy rate of 0.47%, de minimis. Additionally, the DOC rescinded the review on the countervailing duties on imports of the given product for Dongkuk Steel Mill Co Ltd.

The period of review is January 1, 2019, through December 31, 2019.

voda 28 januari 2022 07:21

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GE Gas Turbine to Power EAF Steelmaking Transition at Algoma Steel

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

Sault Ste Marie Ontario based Canadian steel maker Algoma Steel Group Inc has awarded GE Gas Power a contract for an upgrade to the Company’s natural gas combined cycle power plant, including the installation of two gas turbine packages. The upgrade is expected to supply Algoma Steel with sufficient internal generation capability to power phase one of its transition to electric arc furnace steelmaking. Under the terms of the contract, GE will provide two LM6000 aero derivative gas turbines complete with new control systems as well as a new control system for the existing GE steam turbine. In addition, GE will also complete a full rewind on the No. 2 Generator. Local contractors from Sault Ste. Marie and area will be engaged for the equipment installation.

Algoma Steel expects the project to be completed in the spring of 2023, a full year before the scheduled commissioning of the new electric arc furnaces. At full capacity, the refurbished cogeneration facility is designed to have the ability to generate 110 MW of electricity, up from its current capacity of 34 MW.

voda 28 januari 2022 07:22

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Metalloinvest Announces Operational Results for 2021

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

Leading Russian iron ore, merchant HBI & steel producer Metalloinvest has announced operational results for 2021. Metalloinvest CEO Mr Nazim Efendiev said "In 2021, we continued to strengthen our position in premium products, which are used in low-carbon steelmaking. Production volume of high-quality concentrate and pellets increased. At the same time, Mikhailovsky GOK not only produced a record 15.A million tonnes of pellets, but also, following the implementation of the investment programme, forthe first time offered its partners over 200,000 tonnes of DR-grade pellets. After the planned overhaul of two HBI Plants at Lebedinsky GOK in 2021, we expect to increase the total production of metallised products HBI/DRI at LGOK and OEMK to 8 millionn tonnes this year.”

Production

Iron ore - 40.8 million tonnes, up 0.8% YoY

Pellets - 28.5 million tonnes, up 3.4% YoY

HBI/DRI -7.7 million tonnes, down 0.6% YoY

Hot metal - 2.4 million tonnes, up 4.4% YoY

Crude steel - 4.9 million tonnes, down 1.3% YoY

Shipments

Iron ore - 7.4 million tonnes, down 6.7% YoY

Pellets - 15.8 million tonnes, down 1.2% YoY

HBI/DRI -4.2 million tonnes, down 6.3% YoY

Pig iron - 1.4 million tonnes, up 14.7% YoY

Steel products - 4.6 million tonnes, down 1.9% YoY

At the end of 2021, agreements were signed for the construction of the new HBI-4 Plant at LGOK, and Mikhailovsky HBI, by shareholding company USM with a capacity of over 2 million tonnes each.

voda 28 januari 2022 07:26

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Hyundai Steel Reports ISD 1.2 Billion Net Profit for 2021

Strategic Research Institute
Published on :
28 Jan, 2022, 5:11 am

South Korean steelmaker Hyundai Steel has posted a net profit of KRW 1.50 trillion (USD 1.24 billion) for 2021, as compared to a net loss of KRW 440 billion in 2020. Hyundai Steel’s sales revenues increased by 26.8 percent year on year to KRW 22.85 trillion (USD 18.97 billion), while its operating profit totaled KRW 2.44 trillion (USD 2.03 billion), compared to an operating profit of KRW 73 billion in 2020. In 2021, the company’s finished steel production amounted to 18.43 million tonnes, decreasing by 3.3% YoY, while its steel sales volume totaled 19.11 million mt, down by 2.8% YoY due to restructuring, facility and labor issues.

Hyundai Steel expects global steel demand to increase as downstream industries recover globally, except in China. The company expects the global economic recovery to slow down due to the new variant of the coronavirus, supply disruptions and rising inflation. Hyundai Steel also expects construction and auto demand to be strong amid the government's construction projects.

voda 28 januari 2022 07:26

0

Nucor Reports Record Annual Earnings for 2021

Strategic Research Institute
Published on :
28 Jan, 2022, 5:15 am

Charlotte North Carolina headquartered steel maker Nucor Corporation has announced consolidated net earnings of USD 6.83 billion for 2021 as compared with consolidated net earnings of USD 721.5 million in 2020. Nucor's President & Chief Executive Officer Mr Leon Topalian said "By so many measures, 2021 was an extraordinary year for Nucor. Our team delivered incredible financial and operational results in 2021. However, I am even prouder of the fact that our team had a record year in Safety performance for the second straight yea. Our record financial performance is the result of years of work investing to strategically position and grows our portfolio of capabilities across the steel value chain.

Steel mills total shipments 2021

Sheet - 11.131 million tonnes, up 11% YoY

Bars - 9.269 million tonnes, up 14% YoY

Structural - 2.649 million tonnes, up 17% YoY

Plate - 2.289 million tonnes, up 17% YoY

Other - 0.352 million tonnes, up 19% YoY

Total - 25.690 million tonnes, up 13% YoY

Earnings before income taxes and noncontrolling interests by segment 2021

Steel mills - USD 9,735 million, up 1252% YoY

Steel products – USD 1,291 million, up 87% YoY

Raw materials - USD 550 million, up 2228% YoY

Corporate/eliminations – USD -2,376 million, up 297% YoY

Total - USD 9,201 million, up 1001% YoY

First Quarter of 2022 Outlook – “End use market demand remains strong for steel and steel products, and we are confident that 2022 will be another year of strong profitability for Nucor. We expect consolidated net earnings attributable to Nucor stockholders in the first quarter of 2022 will be slightly reduced from the record results of the fourth quarter of 2021. Diluted earnings per share for first quarter of 2022 will benefit from lower weighted average shares outstanding. Steel mill segment earnings are expected to decline in the first quarter of 2022 due to decreased profitability of our sheet mills. The steel products segment is expected to achieve further margin expansion and profitability in the first quarter of 2022 as backlog pricing has improved reflecting higher steel costs. Earnings of the raw materials segment are expected to improve slightly in the first quarter of 2022 as compared to the fourth quarter of 2021 due to the improved profitability of our direct reduced iron facilities, partially offset by the impact of lower scrap prices on our scrap brokerage and processing operations.”

Vertraagd	26 apr 2024 17:37
Koers	23,750
Verschil	+0,210 (+0,89%)
Hoog	24,080
Laag	23,700
Volume	2.295.626
Volume gemiddeld	2.493.843
Volume gisteren	2.802.569

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