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voda 15 februari 2022 07:03

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Liberty Steel to Continue Georgetown Steel Mill Operations

Strategic Research Institute
Published on :
15 Feb, 2022, 5:21 am

GAB News reported that Liberty Steel-Georgetown will continue to operate despite a decision by the City of Georgetown that it is in violation of a city ordinance.

Liberty said that they are surprised and disappointed with city’s sudden change of approach towards the mill. Liberty said “The city’s action is particularly surprising given the threat it imposes to Liberty’s employees who have shown such commitment and resilience through the uncertainty of the pandemic. It will continue to operate and will vigorously defend the status of the mill & will oppose efforts to redevelop the site for certain real estate interests. It had communications with the mayor’s office during the pandemic while care and maintenance was taking place inside the plant. But, since that time, there has been a change of mayor as Carol Jayroe defeated Brendon Barber in November.”

Liberty can appeal the Inglese opinion to the city’s Board of Zoning Appeals.

Georgetown's director of planning and community development Mr Chris Inglese and other city leaders toured the mill recently to determine if the plant is in compliance with the Redevelopment District, REDD, Ordinance and Mr Inglese issued a letter to Liberty Steel leaders. The letter indicates the mill did not return to full operation by the deadline of February 1 that agreed to by both the city and Liberty Steel. He also noted the mill’s melt shop still has not restarted. He wrote “Right now, Liberty’s Peoria, Illinois plant is making billets, or blocks of steel, that are being transported to Georgetown to finish the job of turning the billets into wire rod. The amount of wire rod being made is far below what was coming from the mill pre-COVID.”

The agreement indicated if the mill was not producing steel by February 1, the property on which the mill sits would be rezoned to no longer allow manufacturing on the 50-acre site.

voda 15 februari 2022 07:03

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Angang Steel Deploys Hikvision Technology for Efficiency at BF

Strategic Research Institute
Published on :
15 Feb, 2022, 5:25 am

Normally blast furnace inspections are completely manual & workers use a temperature gun to detect the surface temperature of the furnace, but Anshan Steel has figured out effective solutions to protect employee health and safety in this dangerous process. Angang Steel has adopted Hikvision's automatic temperature measurement solution to help the workers get further away from accidents and dangers, but closer to efficient and safe working conditions. Since 2019, Hikvision and the local partner, Yutai Security, have helped Angang Steel to apply thermal imaging to ironmaking blast furnaces. By evaluating the intensity of infrared radiation emitted from objects, thermal cameras have been used in detecting temperature anomalies before a fire starts. They find hot spots and invisible defects on machinery or electrical systems that could indicate a potential problem. They also perform non-contact measurements at the areas that are hard to reach manually.

In Angang Steel's steelmaking workshop, the production process can be viewed remotely through Hikvision intelligent video devices and large screens. Through outstanding image brightness processing, high frame rate imaging, and other technologies, the image of molten steel dumping and desulfurization process in high-temperature and high-brightness environments can be generated, and then transmitted to the back end, allowing the workers to view and evaluate the production status in time and ensure the product quality.

Through the real-time connection between front-end thermal imaging instruments and a back-end system, inspectors could use video streams from different positions in a furnace and monitor the temperature changes in specific areas of the furnace shell, generate reports, and receive timely warnings of temperature irregularities. Apart from the improved working environment, productivity has been raised too. The system is like a dedicated doctor for blast furnaces, which automatically measures temperature, generates reports, and also allows workers to search and compare historical data and monitor changes in the furnaces by receiving real-time alerts.

Located in the heavy industry base in Northeast China, Angang Steel has a long history and a key role in the industry. In recent years, Angang Steel has actively tried innovative solutions for intelligent manufacturing and to solve problems of health and safety.

Hikvision has been continually developing solutions to respond to the needs of the enterprise users in the steel industry, with solid R&D and rich scenario-based capabilities. Its intelligent technologies are helping more and more steel plants to improve quality and efficiency, as well as alleviating the workers' workload in harsh working environment and help them work safer and more efficiently.

voda 15 februari 2022 07:04

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TMK ETERNO Supplies Mobile Mixer for Liquid Iron to EVRAZ ZSMK

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

Russian Pipe Metallurgical Company TMK’s ETERNO enterprise has masterd the production of a mobile mixer for liquid iron MP-420. The new high-tech product was manufactured according to an individual project and supplied by EVRAZ to the United West Siberian Iron and Steel Works EVRAZ ZSMK. The 32 meters long & 4 meters high mioxer, weighing 330 tonnes, has a useful capacity of 420 tonnes, is designed to receive liquid iron from the blast furnace shop, transport it to the overflow section of the converter shop, temporarily store it and dispense it into the pouring ladle. The products are equipped with a tilt drive, which allows you to control the movement of the entire structure during the pouring of pig iron, and is supplied complete with two railway platforms for moving the product.

The production time from engineering and development of technical documentation to the final shipment was two years. Before delivery, ETERNO specialists checked the running gear, the process of transporting the mixer along the railway tracks, and also carried out stationary tests of electric motors and gearboxes.

TMK's ETERNO portfolio includes several dozens of implemented engineering solutions for a new heavy engineering product line. The products were used to modernize the steelmaking production of Severstal, the oxygen-converter shop of the Chelyabinsk Iron and Steel Works of Mechel Group, the technical re-equipment of the Novolipetsk Iron and Steel Works, the Aksu Ferroalloy Plant in Kazakhstan. High-tech products manufactured by TMK ETERNO are also used in the nuclear industry: in the construction of the Akkuyu NPP in Turkey and the Kursk NPP in Russia.

voda 15 februari 2022 07:34

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Hyundai Steel Develops 1.8GPa Hot Stamping Steel for Kia

Strategic Research Institute
Published on :
15 Feb, 2022, 5:33 am

Business Korea reported thatHyundai Steel has succeeded in volume production of 1.8 Gigapascal hot stamping steel for the first time in the world. The company developed the new steel product in cooperation with the Hyundai Kia Namyang R&D Center. The new steel has the advantage of not only lightening vehicles but securing passenger safety in the event of a car crash. It has improved tensile strength by 20 percent compared to 1.5 GPa hot stamping steel. It can make parts about 10 percent lighter.

Hyundai Steel is supplying the new steel product for an electric vehicle version of Hyundai Motor’s Genesis G80 and the new Genesis G90. It started supplying the new product to Hyundai Motor Co in early 2021 and will supply 145,000 sheets of steel every year from 2022. This is an amount that can produce about 30,000 electric vehicles.

A typical hot stamping method heats steel sheets in a heating furnace to a high temperature of 900 degrees Celsius or higher, puts them in a mold, and cools them rapidly to manufacture parts. Hyundai Steel, the Hyundai Motor and Kia Namyang Research Institute’s Basic Materials Research Center developed a specialized steelmaking method that lowered the temperature of a heating furnace by more than 50 degree Celsius, breaking away from the existing method. They applied it to production of parts. In addition, this method prevented hydrogen from penetrating steel sheets, preventing internal cracks. This finally enabled Hyundai Steel to produce steel sheets resistant to corrosion with stronger weldability.

voda 15 februari 2022 07:37

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Algoma Steel Reports YoY Surge in Third Quarter Results

Strategic Research Institute
Published on :
15 Feb, 2022, 5:35 am

Sault Ste Marie Ontario based leading Canadian producer of hot and cold rolled steel sheet and plates Algoma Steel Group Inc announced net income of CAD 123 million for Oct-Dec 2021 uarter, as compared to a loss of CAD 73.5 million in the prior-year quarter. Algoma Steel Chief Executive Officer Mr Michael McQuade said “Continued record pricing for our products, the construct of our contracted order book, and solid execution by our employees combined to deliver tanding revenue growth, record quarterly Adjusted EBITDA, and robust free cash generation during our fiscal third quarter 2022. Our strong results were achieved against a backdrop of continued market volatility and in spite of several previously announced shipping constraints, including extended customer holiday shutdowns, logistical supply chain constraints, and COVID-related challenges. Calendar 2021 was a period of profound change for the company, one that saw us return to public markets and generate significant cash flow. This allows us to execute on our organic growth strategy while at the same time pursuing a capital allocation policy that includes a quarterly dividend and an NCIB program for potential share repurchases. Armed with our robust balance sheet, strong projected cash flows, and funding to support the transformation to electric arc steelmaking, we are driving the process that is expected to substantially increase our production capacity while dramatically reducing our carbon emissions, resulting in additional long-term value for our stakeholders.”

Third quarter revenue totaled CAD 1.06 billion, up 147.6% from CAD430.0 million in the prior-year quarter. As compared with the prior-year quarter, steel revenue was CAD 1.01 billion, up 163.0% from CAD 383.8 million, and revenue per ton of steel sold was CAD 1,927, up 145.5% from CAD785.

Income from operations was CAD 446.1 million, compared to a loss from operations of CAD 17.7 million in the prior-year quarter. The year-over-year increase was primarily due to an increase in the selling price of steel, partially offset by an increase in the purchase price of inputs, including iron ore, scrap, natural gas and alloys.

Adjusted EBITDA in the third quarter was CAD 457.3 million, compared with CAD 11.7 million for the prior-year quarter. This resulted in an Adjusted EBITDA margin of 42.9%.

Net income in the third quarter was CAD 123.0 million, compared to a net loss of CAD 73.5 in the prior-year quarter. The improvement was driven primarily by the factors described above under income from operations, offset by listing expenses and transaction costs associated with the merger with Legato Merger Corp.

Net sales realizations averaged CAD 1,827 per ton, up 160.6% from CAD 701 per ton in the prior-year quarter. Cost per ton of steel products sold was CAD 946, up 46.2% from CAD 647 in the prior-year quarter.

Shipments for the third quarter increased by 0.9% to 552,554 tons, compared to 547,733 tons in the prior-year quarter.

voda 15 februari 2022 07:38

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Danieli Modernises Megasa Rolling Mills in Spain & Portugal

Strategic Research Institute
Published on :
15 Feb, 2022, 5:38 am

Notwithstanding the limitations to executing the project, Danieli Construction has delivered rolling mill plant revamping at Megasa Group’s plants at Zaragoza in & Seixal in Portugal.

Magasa had ordered Danieli a turnkey modernization of its 1 million tonnes per year bar & rod mill at EAF-based SN Seixal plant in Portugal. During the upgrade, the unit was equipped with a K-welder technology for welding billets to facilitate endless production mode. The project is targeted to increase the equipment productivity and improve product quality, while reducing operational costs. As a result of the modernisation, SN Seixal can customize the weight of wire rod and bars in coils.

The project in Spain included the upgrade of 250,000 tonnes per year merchant bar mill No 2 at Megasider Zaragoza. The plant was equipped with two new stackers and tying machines to improve the productivity of the plant, increase the equipment utilization rate and production speed.

Each project was scheduled in two phases and their execution was to be carried out during shutdowns, 1.5 and 2.5 months respectively, since the incidence of piping & cable distribution created major impact on site activities, mainly due to site constraints, making the work more difficult. Danieli Construction accepted such a challenge, confident in its capabilities and professionality to execute site activities while minimizing plant shutdowns and avoiding compromises on production and thus preserving high-quality installation standards. Danieli Construction’s revamping strategy was based on an accurate survey of the plant via 3D scanning, maximizing equipment preassembly and piping spooling, with strong support of the technical office which was deployed on site. To achieve the end result, a great contribution was given by a diffused. level-4 schedule , the constant monitoring of intermediate milestones, the presence of skilled people on-site

The MEGASA GROUP is a family-run business specialised in the production and distribution of long steel products. The Group has more than one thousand employees in its different production plants and distribution units on the Iberian Peninsula. With an installed capacity of over three million tons, MEGASA uses electric arc furnace steel mill to produce a wide range of long steel products: rebar, wire rod and electro-welded fabric.

voda 15 februari 2022 07:38

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Cleveland-Cliffs Closing Mountain State Carbon Coke Plant in WV

Strategic Research Institute
Published on :
15 Feb, 2022, 5:42 am

The former Wheeling-Pittsburgh Steel coke plant in Follansbee, currently known as Mountain State Carbon, is shutting down. Cleveland-Cliffs announced that it will be ceasing production and permanently closing our Mountain State Carbon coke plant in West Virginia in the second quarter of 2022. Cleveland-Cliffs has implemented an environmental and operational strategy to reduce the usage of coke in our blast furnaces in order to reduce our CO2 emissions. Cleveland-Cliffs continues to reduce the usage of coke by increasing the use of hot-briquetted iron production and increased use of scrap in our steelmaking. This has dramatically lowered our needs for coke and coal.

Cleveland-Cliffs said “Fortunately, we anticipate that all impacted employees will have job opportunities at our other nearby facilities. This will ensure that interested employees will have other employment opportunities within Cleveland-Cliffs. Mountain State Carbon employs approximately 288 employees. We anticipate retaining a staff of employees, 12 hourly and 3 salaried, for asset management and environmental compliance during this permanent closure.”

voda 15 februari 2022 07:38

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MOIL Reports 305 % Increase in Net Profit in Apr-Dec 2021

Strategic Research Institute
Published on :
15 Feb, 2022, 5:48 am

India’s leading manganese company MOIL, formely The Manganese Ore India Ltd, has reported a 305 % increase in its net profit to INR 245.91 crore in the first three quarters of 2021-22 against the net profit of INR 60.59 crore in the previous year, as its revenue from operations increased to INR 968.41 crore as against INR 727.26 crore during the corresponding period last year. The company also registered a growth of 16% in production as production of manganese ore increased from 0.741 million tonnes to 0.857 million tonnes during this period.

The company has achieved the highest Q3 turnover and total income in the last four financial years. The net profit of the company at INR 123.88 crore is the highest quarterly profit since FY2019-20.

voda 15 februari 2022 07:39

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Dutch Minister Concerned over Waste Dumps at Tata Steel Ijmuiden

Strategic Research Institute
Published on :
15 Feb, 2022, 5:50 am

NL Times reported that Dutch Minister for the Environment (Infrastructure and Water Management) Ms Vivianne Heijnen addressed the management of Tata Steel about the way the company handles the unloading of iron ore and coal in the port of Ijmuiden in Netherlands. Ms Heijnen said is shocked by t image that emerged from a newspaper report and pointed out that regulators have also been observing for some time that Tata Steel is careless with the transport of raw materials. She said "But great plans for the future already require action today.”

The IJmuider Courant previously reported on the basis of its own research that residues are dumped into the water on a large scale when raw materials are unloaded. Tata Steel is responsible for ensuring that ships leave the harbor clean, but would pay those working on the ships to secretly sweep the mess into the sea after departure.

At the beginning of this month, the Environment Service Noordzeekanaalgebied issued the company a fine for spreading too much dust. The Human Environment and Transport Inspectorate has also found violations Likewise, the National Institute for Public Health and the Environment RIVM cast doubt on the company's emissions data.

Tata Steel has been in the spotlight for some time after a series of reports about the emission of harmful substances and the effects this has on public health in the direct vicinity of the steel factory. The company has promised to improve and wants to work cleaner.

voda 15 februari 2022 07:48

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Alhaj Asia Star Steel Set to Restart Production in Pakistan

Strategic Research Institute
Published on :
15 Feb, 2022, 5:51 am

Local media reported that China-Pakistan JV Alhaj Asia Star Steel Co is set to resume production after overcoming initial difficulties. Asia Star Steel Deputy Chairman Mr Zubair Khan is uoted as saying “We faced hurdles due to specific dynamics of Pakistani market and the economic uncertainty triggered by Covid-19 pandemic, which forced us to shut the plant. However, we are all set now with a renewed marketing strategy and our Chinese partner is determined to resume production soon.

Aisha Steel was established in 2012 as JV between Pakistan’s Arif Habib Ltd and two Japanese firms. However, Arif Habib later acquired the majority of shares. Alhaj Steel is the largest private-sector joint venture in steel industry between HEBEI Xingang Iron & Steel Group of China and Alhaj Group of Pakistan. The JV has set up a high-quality 60-grade steel manufacturing unit at Gadoon Industrial Estate in Swabi district of KP province with installed capacity of 1,500 tonnes per day, or 0.5 million tonnes per year. Alhaj Steel started commercial operations in late 2020 and suspended production after a few months in early 2021.

The JV aims to enhance the capacity up to 2 million tons per annum in the second phase to become the largest steel manufacturer in Pakistan after state-run Pakistan Steel Mills in Karachi, which is presently non-operational. The firm is the second largest private sector steel manufacturer with the present capacity after Aisha Steel Mills, which has an installed capacity of 0.7 million tons per annum.

voda 15 februari 2022 07:49

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Nippon Steel Joins Offshore Floating CCSU Project of deepC Store

Strategic Research Institute
Published on :
15 Feb, 2022, 5:54 am

Japanese steel giant Nippon Steel & deepC Store Limited have executed a Joint Study Agreement regarding capturing and transporting liquefied CO2 to deepC Store’s flagship offshore floating CO2 Capture and Storage hub project CStore. The agreement provides for the evaluation of the commercial feasibility for deepC Store to capture and transport between 1-5 million tonnes per annum of liquefied CO2 from Nippon Steel as a supply source for CStore. Through this agreement, deepC Store and its partners will collaborate with Nippon Steel to perform the following activities

1. Consider the technical conditions of the liquefied CO2 to be captured and transported from Nippon Steel’s steelworks to CStore

2. Negotiate the key commercial terms to capture and transport liquefied CO2 from Nippon teel’s steelworks to CStore

deepC Store is a CCS project developer that specialises in developing multiple CCS projects and generating material quantities of carbon credits. deepC Store’s flagship CStore project consists of capturing between 1.5 & 7.5 million tonnes per annum of CO2 from industrial sources in Australia and the Asia-Pacific region, shipping of liquid CO2 from capture sites to a CO2 Floating Storage and Injection hub facility in offshore Australia, and injecting CO2 in a subsurface storage complex near the FSI hub facility. deepC Store’s existing partners are Add Energy Group, Commonwealth Scientific and Industrial Research Organisation, JX Nippon Oil and Gas Exploration Corporation, Kyushu Electric Power, Mitsui OSK Lines, Osaka Gas and Osaka Gas Australia, Technip Energies and Toho Gas.

voda 15 februari 2022 07:50

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Cleveland-Cliffs to Pay USD 3 Million for Burns Harbor Violations

Strategic Research Institute
Published on :
15 Feb, 2022, 5:55 am

US Justice Department announced that Cliffs Burns Harbor has agreed to resolve alleged violations of the Clean Water Act and other laws, for an August 2019 discharge of ammonia and cyanide-laden wastewater into the East Branch of the Little Calumet River. The settlement agreement requires Cleveland-Cliffs to pay USSD 3 million as a civil penalty and to reimburse the EPA and the State of Indiana for response costs incurred as a result of an August 2019 discharge of wastewater containing ammonia and cyanide into a river that flows into Lake Michigan. A new ammonia treatment system and cyanide treatment requirements will greatly reduce the facility’s water pollution levels. Cleveland-Cliffs is also undertaking substantial measures to improve its wastewater system at its steel manufacturing and finishing facility in Burns Harbor in Indiana. Cleveland-Cliffs will also resolve allegations under EPCRA and CERCLA by implementing a protocol to notify relevant state and local groups about any future spills of cyanide from its Burns Harbor facility.

The complaint filed with the settlement alleges that Cleveland-Cliffs exceeded discharge pollution limits for cyanide and ammonia; failed to properly report those cyanide and ammonia releases under the Emergency Planning and Community Right-to-Know Act and the Comprehensive Environmental Response, Compensation and Liability Act and violated other Clean Water Act and permit terms. The discharge, which led to fish kills in the river, also caused beach closures along the Indiana Dunes National Lakeshore. C

In August 2019, the facility’s blast furnace closed loop air scrubber water recycle system failed, requiring Cleveland-Cliffs to draw in large volumes of Lake Michigan water and discharge it through the facility outfalls, without being able to recycle the water. Cleveland-Cliffs’ wastewater treatment system is not designed for the treatment and discharge of this volume of water, so the incident resulted in discharges containing high levels of untreated cyanide and ammonia-nitrogen. Following the discharge of untreated water, there was a fish kill in the East Branch of the Little Calumet River.

voda 15 februari 2022 07:50

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Steel Technology Path in India key to Global Steel Decarbonisation

Strategic Research Institute
Published on :
15 Feb, 2022, 5:57 am

The International Energy Agency in its Stated Policies Scenario predicted that India steel production will double by 2030 and quadruple by 2050. Curbing CO2 emissions and meeting a growing steel demand seems to be a dilemma for policy and industry decision makers. The Institute for Energy Economics and Financial Analysis in a recent report said that recent announcements by global steel companies in India highlight how important India’s steel technology path will be to achieving global decarbonisation of the steel sector but the announcements have, to varying extents, promised the use of green steel technology without providing any detail. The lack of steel technology detail in these announcements is in contrast to those made in developed nations whenever companies want to highlight their shift towards low carbon steel. IEEFA I awaiting details of the technology intended to be used as global steel decarbonisation will be difficult if low-carbon steel capacity is built in developed nations whilst older, carbon-intensive technology is built in developing nations where much of the steel demand growth can be expected.

Tata Steel, JSW, SAIL, JSPL & AM/NS India are among the largest producers in India. In addition, POSCO is planning steelmaking investment in India after four unsuccessful attempts in the last 17 years.

Tata steel – 20 million tonne to 35-40 million tonne

SAIL - 21 million tonne to 50 million tonne

JSW - 18 million tonne to 45 million tonne

JSPL – 70-8 million tonne to 15.9 million tonne

AM/NS India - 10 million tonne to 30 million tonne

In 2020, 56% of India’s steel output was produced via electric furnaces from which less than half was attributed to electric arc furnaces and the rest was produced on induction furnaces. These furnaces are mostly fed with direct reduced iron (DRI). India has a high share of steel production based on DRI utilizing gasified thermal coal which produces more emissions than DRI based on natural gas. The balance of 44% was produced via blast furnace route, using coking coal. Indian steel demand growth has led to significant investment in new blast furnace capacity in recent years. Hence, the Indian iron and steel sector is the most significant contributor to industrial energy demand, with a high reliance on coal (85% of energy inputs). Currently the steel industry represents almost 23% of total energy inputs and 30% of the industrial carbon dioxide missions in the industrial sector. The main reasons for the higher energy intensity of India’s steel sector compared to the global average include its high reliance on coal, lower share of scrap steel recycling, a fragmented and low performance casting sector, and the number of old blast furnaces.

voda 15 februari 2022 07:53

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Usiminas Reports Record Performance in 2021

Strategic Research Institute
Published on :
15 Feb, 2022, 5:58 am

Brazilian steel maker Usiminas announced that said that steel sales was 4.8 million tonnes in 2021, the highest volume since 2013 & iron ore sales was record 9.0 million tonnes. Usiminas reported record revenue of BRL 33.7 billion, adjusted EBITDA of BRL 12.8 billion & net income of BRL 10.1 billion;

In 2021, crude steel production at the Ipatinga plant was 3.178 million tonne, 15.1% higher over the previous year. Rolled steel production at the Ipatinga and Cubatao mills totaled 4.995 million tonne in 2021, a 35.2% increase compared to the 2020. In 2021, 2.286 million tonne of purchased slabs were processed as against 1.245 million tonne in 2020

In 2021, total sales totaled 4.823 million tonne steel, 29.5% higher than in 2020 representing the highest volume of steel sales for Usiminas since 2013. In the domestic market, sales were 4.294 million tonne in the 2021, a 30.0% increase in relation to previous year. Exports in 2021 were 0.529 million tonne, 25.8% higher than in 2020. Sales volume was 89% for the domestic market and 11% for exports the same proportion as in 2020.

voda 15 februari 2022 08:21

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Samarco & Vale to Optimize Iron Ore Output

Strategic Research Institute
Published on :
15 Feb, 2022, 5:30 am

Brazilian pellet producer Samarco, a 50/50 joint venture between Vale and BHP Billiton, has reached an agreement with Vale to optimize the output resources of both companies. According to a media report by Valor, under the terms of the agreement the companies will be able to exchange areas for storing iron ore waste. The areas involved in the agreement include Samarco's Sul and Norte areas, and Vale's Alegria mine in the city of Mariana, Minas Gerais state.

The agreement also authorizes Samarco to purchase up to 20 million tonnes of iron ore from Vale, which will, in turn, have the right to buy up to 50 million tonnes of iron ore waste from Samarco. Samarco will also be allowed to use a Vale's open pit known as Cava 345 to expand its iron ore waste area.

voda 15 februari 2022 08:24

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US Wind Timeline for Sparrows Point Steel Project

Strategic Research Institute
Published on :
15 Feb, 2022, 5:30 am

Sparrows Point Steel, an offshore wind deployment hub being constructed by US Wind at the former site of Bethlehem Steel, is expected to begin construction in 2024 and to begin producing monopiles for wind turbines in 2025. US Wind announced the timeline, along with other updates regarding the progression of the project, which was announced last year, during a panel discussion hosted by the Greater Baltimore Committee.

Throughout 2022 and 2023, US Wind will complete pre-construction work on the site, including performing a site survey, performing building analyses and designing the changes that will be made to the existing buildings on the premises, according to Timothy Mack, foundation package and localization manager for US Wind.

The actual construction process will involve both refurbishing existing buildings on the Bethlehem Steel site, as well as constructing new ones. A building that was once used to assemble the hulls of ships is slated to become a welding facility, for example. Another will become the paint booth where the insides and outsides of the monopiles receive a coating that prevents them from being damaged under the water.

Throughout the construction process, the company aims to use local vendors. Trades that will be needed for the project include concrete work for the floors, structural steel upgrades to existing buildings, masonry on existing buildings, installation of electrical and utilities, installation of production equipment and more.

US Wind has already signed agreements with three local unions for the construction and later operations of Sparrows Point Steel and the company’s two planned offshore windfarms, MarWin and Monument Wind, which will be 15 miles off the coast of Maryland: Baltimore-D.C. Building Trades, a local affiliate of North America’s Building Trades Unions; the International Brotherhood of Electrical Workers; and United Steelworkers.

voda 15 februari 2022 09:42

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US scrap suppliers expect price hike, mills doubt
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In the US domestic market, scrap suppliers seem to be bullish for March trading after two disappointing months. Most mills, however, remaining pessimistic, thinking scrap prices are not likely to recover in the near term amid weak order books and competitive import prices for sheet.

One US sheet mill tells Kallanish: “I believe export demand will be the key in the direction of domestic scrap prices. It has been strong so far in February, but if it reverses, scrap prices will no longer have support in the US domestic market unless the sheet market recovers.”

Another mill source say they find an upward trend unlikely and thinks sideways movement would be the best-case scenario.

Almost all suppliers, however, think prices will increase, specifically for obsolete grades.

A domestic scrap supplier says: “A significant amount has gone to export markets, such as Turkey, Mexico and Asia, and harsh winter conditions and a high number of Covid infections have hit inflow. I am expecting obsolete scrap prices to increase at least by $20/gross ton.”

While there are diverging expectations for prime grade scrap pricing, most market participants think domestic mill demand will determine the direction of prime prices.

On the West Coast, US-origin containerised HMS 1&2 80:20 prices have reached $483/tonne cfr Taiwan amid strong demand.

On the East Coast, scrap prices in Turkey are seen to have stabilised on the latest bookings. Although prices continued to record sharp rises at the beginning of last week, the latest bookings for premium HMS 1&2 80:20 from the Baltic and US remain at $503-506/t cfr Turkey.

A Turkish mill bought US-origin HMS 1&2 85:15 at $509/t and bonus grade at $528/t cfr on Friday. The buyer however says it paid a $22/t premium over HMS 1&2 80:20 for bonus grade. Another mill in southern Turkey is heard to have booked US-origin HMS 1&2 90:10 at $509/t cfr. The latest Baltic-origin bookings for HMS 1&2 80:20 stand at $503/t and $505/t cfr respectively, meanwhile.

Burcak Alpman Turkey

voda 15 februari 2022 16:36

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Beursblik: conflict Oekraine bedreiging voor Europese staalmarkt
ArcelorMittal heeft grote fabriek in zuiden land.

(ABM FN-Dow Jones) Het conflict in Oekraïne kan gevolgen hebben voor de Europese staalmarkt. Dit schrijft analist Alan Spence van Jefferies dinsdag.

"Oekraïne is een grote exporteur, de vierde wereldwijd in 2020, en is goed voor gemiddeld 13 procent van de Europese staalimporten", aldus Spence. Liefst 75 procent van de staal die Oekraïne produceert, wordt geëxporteerd.

Als de staalproductie in Oekraïne verstoord raakt, zal de Europese markt krapper worden, waarschuwt hij.

ArcelorMittal heeft een fabriek in Oekraïne in het zuiden van het land, die goed is voor circa 6 procent van de totale productie van het staalbedrijf, aldus Spence, die een koopadvies op het aandeel heeft met een koersdoel van 43,00 euro.

Door: ABM Financial News.

info@abmfn.nl

Redactie: +31(0)20 26 28 999

voda 16 februari 2022 06:54

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World’s Largest Green Hydrogen Hub HyDeal Spain Progressing

Strategic Research Institute
Published on :
16 Feb, 2022, 5:36 am

According to International Renewable Energy Agency, the first industrial implementation of the HyDeal Ambition platform HyDeal Spain will become the largest renewable hydrogen giga-project on a global scale. This initiative, promoted by companies such as ArcelorMittal, Enagás, Grupo Fertiberia and DH2 Energy, HyDeal Spain was established as an industrial joint venture in November 2021 after a one-year pre-feasibility study and will now give way to the development, financing and construction of an entire set of infrastructures for the production and transport of green hydrogen in our country. The first stage of the project will supply a major industrial complex located in Asturias, producing renewable hydrogen through electrolysis and at a competitive price compared to other fossil fuels thanks to solar plants located in different parts of the northern half of Spain. The start of production is planned for 2025, and it expects to have a total installed capacity of 9.5 GW that will supply electrical energy to 7.4 GW of electrolysis capacity by 2030.

ArcelorMittal and Grupo Fertiberia, along with other organizations that will join HyDeal Spain, will be the major buyers of this clean energy, with a plan to acquire 6.6 million tonnes of renewable hydrogen over the next 20 years, which would mean avoiding the 4% of current CO2 emissions in Spain. In this way, the purchasing companies will advance in the production of green steel, green ammonia, green fertilizers and other low-carbon industrial and energy products, positioning themselves as European leaders in their respective markets.

HyDeal Spain will be a reality due to the development of a disruptive industrial and financial model, based on the integration of value chains, solar energy capture, industrial installation of electrolysers, deployment of exclusive gas pipelines for the transport of hydrogen and aggregation of energy demand . In this way, a direct connection will be generated between the production of renewable hydrogen on a large scale and its profitable consumption in the long term, creating a sustainable system. Large-scale renewable hydrogen will sustainably replace fossil fuels in industry, energy, mobility, providing a safe, competitive and carbon-neutral energy production alternative. The contribution to energy independence will be another of the great benefits of this initiative, since HyDeal plans to supply the equivalent of 5% of the natural gas imported by Spain.

Thus, this platform joins the energy transition in Spain at an important turning point, generating new industrial opportunities and sustainable jobs in collaboration with the different local communities where it will be present. In addition, the objectives of the project are aligned with the institutional ambition of turning the country into a world pioneer in the production of clean energy, in line with the European Green Pact and its "Objective 55" (Fit for 55) for the reduction of emissions by 55% by 2030.

HyDeal Ambition brings together visionary CEOs and entrepreneurs who share a determination to accelerate the energy transition. This initiative constitutes a complete industrial ecosystem that covers the entire green hydrogen value chain of production, transportation, distribution and financing and is the result of 2 years of research, analysis and modeling, feasibility studies and contract design, with the objective of producing and distributing green hydrogen in Europe at a competitive price.

voda 16 februari 2022 06:59

0

Steel Made by Baowu Contributed to Green Winter Olympics

Strategic Research Institute
Published on :
16 Feb, 2022, 4:26 am

The 2022 Beijing Winter Olympics is being held and the concept of Green Olympics makes it the first Winter Olympics in history to use 100% green and clean energy. In addition, Made by Baowu Steel has helped the Winter Olympics shine in the world. The National Speed Skating Oval, also known as Ice Ribbon, is the iconic venue in the Beijing main competition area of the 2022 Beijing Winter Olympics, and it is the only newly built ice competition venue. In 2018, Baosteel cooperated with Juli Sling Co & developed the first domestic high-vanadium cable for use in the roof of National Speed Skating Oval. Baosteel has supplied a total of 500 tonnes of SWRH72A -82A wire products for the construction of the speed skating stadium, breaking the monopoly by foreign suppliers.

Also, Baowu’s TISCO Stainless Steel has contributed to make Ice Ribbon, National Speed Skating Oval, which is a speed skating arena. It was built on the location of the former Olympic Green Hockey Field used for field hockey event and the Olympic Green Archery Field used for the archery event. It has been designed by Populous and Beijing Institute of Architectural Design. Construction began in mid-2017, and was completed in 2019. It can accommodate 12,000 spectators & will be used as a public skating venue and for ice hockey clubs after Olympics are over. The facade is highlighted by 22 ice ribbon with a length of 622 meters each. The second floor has a Temple of Heaven-inspired curved curtain wall system. TISCO supplied high-quality stainless steel for the stainless steel pipes, stainless threaded steel bars, L-shaped C-shaped stainless steel plates and other materials for the main pipeline

In addition, The Yanqing National Sliding Centre is bobsleigh, luge and skeleton track in Yanqing District, a suburban district in Beijing. This venue is hosting bobsleigh, luge, and skeleton events for the 2022 Winter Olympics. The track has 16 curves with different angles and slopes. References National Sliding Center adopts the world's top track design. It is a newly built venue with the most difficult design, the most difficult construction and the most complicated construction process in the Beijing Winter Olympics competition venues. China South Steel-Echeng Iron & Steel supplied low-alloy weathering steel Q355NHD for the project construction.

Vertraagd	10 mei 2024 17:35
Koers	23,880
Verschil	+0,200 (+0,84%)
Hoog	24,320
Laag	23,870
Volume	2.942.344
Volume gemiddeld	2.533.911
Volume gisteren	1.871.161

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