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voda 24 februari 2022 08:34

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Danieli Billet Welder Starts Operation at Ferriere Nord

Strategic Research Institute
Published on :
24 Feb, 2022, 4:50 am

Italian minimill producer and industry innovator Ferriere Nord of Pittini Group is first in operating a 6th generation Danieli billet welder. The new billet welder went into operation at Ferriere Nord in January 2022 during 3-week plant maintenance shut-down. With the experience of more than 30 billet-welder installations in operation since 1997, Danieli engineers came up with a new, patented machine design which, in addition to consolidated quality performances offers improved maintainability. In fact, the innovative design allows shorter cleaning operations, reducing to 50% the time previously required. This new achievement leads to an improved plant yield which, in the Ferriere Nord case, means an increased efficiency of 5%.

Furthermore, the welder features a cartridge concept applied to the welding clamps which now can be replaced quickly and easily, allowing off-line maintenance in the workshop instead of onboard. Finally, a new current-control system speeds-up the welding time and improves the homogeneity of the welding joints.

Billet welders allow endless rolling by welding head and tails of billets, avoiding crops of heads and tails.

voda 24 februari 2022 08:34

0

Zimbabwe’s state-owned miner selected to revive steel firm

Strategic Research Institute
Published on :
24 Feb, 2022, 4:53 am

Local media reported that Zimbabwe has selected state-owned Kuvimba Mining House Ltd as the investment partner to breathe new life into the Zimbabwe Iron and Steel Company, which has been shut for 14 years. Zimbabwe’s Minister of State for Presidential Affairs Mr Joram Gumbo said “The Zimbabwe Investment Development Authority, a state-owned investment vehicle, recommended the choice of Kuvimba after carrying out due diligence.”

Ziscosteel group chief executive Dr Farayi Karonga said “Zisco management is thrilled that the Government has made the determination. We are now looking forward to working with Kuvimba to resuscitate steel production at Ziscosteel.”

Zimbabwe government had invited bids in April 2021 from investors in a bid to bring back 1 million tonne steel plant Ziscosteel, which is located in the Midlands province, an area with vast deposits of chrome and platinum.

Essar Africa Holdings, a unit of India’s Essar Group, agreed to invest up to ZWD 4 billion in Zimbabwe Iron and Steel Company in 2011 but the deal collapsed. An agreement by China's R&F to invest ZWD 2 billion in 2017 also fell apart after Harare authorities sought to renegotiate the deal.

In 1942, the colonial government founded the Rhodesian Iron and Steel Commission. It was sited at the steel plant at Redcliff, to develop the huge iron and limestone deposits nearby. In 1957, it changed its name to the Rhodesian Iron and Steel Company. It suffered from a lack of experienced personnel and low level of production which meant high unit costs. In 1980, after Independence, it was renamed the Zimbabwe Iron and Steel Company. In 2000, Ziscosteel operated without a fully constituted board. Its blast furnaces were no longer functional while its plants and equipment was now obsolete. The ZISCO group of companies includes BIMCO, Lancashire Steel, Frontier Steel, ZISCO Distribution Centre. All these companies are 100% owned by ZISCO. It gets iron ore from Ripple Creek mine which is about 14 kilometers from ZISCO. Up to 70 million tonnes can be mined. Up to 200 million tonnes of limestone can be found on an open cast mine which is a few meters from ZISCO.

voda 24 februari 2022 08:35

0

Russula Supplies Water Treatment Expansion to Nucor Steel in Utah

Strategic Research Institute
Published on :
24 Feb, 2022, 4:56 am

Russula has supplied water treatment expansion to Nucor Steel in Utah. US steel maker Nucor Steel had awarded a contract to supply a water treatment expansion to roll bar-in-coil at the mill in Plymouth in Utah US to Russula in February 2021. With the addition of a new spooler line, water boxes and a fast speed finishing block, extra water capacity was required. 4560 gallons per minute of contact water will be added to treat the new quenching area and external cooling. The startup is scheduled for March 2022

Under the water treatment plant expansion scope, Russula supplied the civil, mechanical, and piping design cooling towers, pumps, sand filtration system and all the necessary sensors and transmitters. An independent power control room, which houses the AC drives, MCCS, remote I/O and PLC, has the plug and place advantage to speed up the electrical integration. A new HMI application was developed for the operations and maintenance functionality of the water plant. Russula also provided erection supervision, hot and cold commissioning support.

Russula was founded in 1988 by a team of engineering experts with extensive process knowledge in steel production in A Coruña in Spain. The company has implemented major revamping & Greenfield projects for over 100 steel plants worldwide.

voda 24 februari 2022 08:35

0

Steel & Tube Reports Record 6 Month Earnings

Strategic Research Institute
Published on :
24 Feb, 2022, 4:59 am

New Zealand’s Steel & Tube Holdings Limited has reported record half year revenue and earnings driven by strong sector demand, focus on customer service, operational performance and disciplined supply chain management. Steel & Tube Holdings CEO Mr Mark Malpass said “Steel & Tube has traded well during the period, delivering solid volume and sales growth and margin improvements, while continuing to invest into the business, our workforce and growth opportunities. The priority over the last six months has been on maintaining availability of critical products and high levels of service for customers while navigating global steel mill and supply chain constraints, a higher pricing environment and Covid-19 restrictions.”

------------

Highlights

------------

Revenue of NZD 282.2 million, up 25% YoY, with strong trading pre and post the Covid-19 lockdown in August and September 2021

EBITDA of NZD 31.9 million, up 87.3% YoY

EBIT of NZD 22.6 million, up 166% YoY

Net profit after tax of NZD 14.3 million, up 253% YoY

Outlook - The strong demand for steel is expected to continue. Commercial building and manufacturing sectors are both expanding, and infrastructure is benefitting from Government investment and spending, while the current residential activity is expected to be maintained in the short term. No significant change in sector headwinds (supply chain, labor, and supplier costs) is anticipated in the next six months.

voda 24 februari 2022 08:36

0

ANDRITZ to Supply New Pickling & Galvanizing Line to Jiuquan Steel

Strategic Research Institute
Published on :
24 Feb, 2022, 5:02 am

International technology group ANDRITZ has received an order from Jiuquan Iron and Steel (Group) Co Ltd of China to supply a new, high-capacity pickling and galvanizing line for hot-rolled carbon steel strip. The ANDRITZ scope of supplies and services comprises the engineering, equipment supply, supervision of erection, and commissioning of the complete pickling and galvanizing line, including the electrical and automation equipment. With ANDRITZ’s state-of-the-art, sustainable technologies, this line will produce hot-dip galvanized or ZM-coated (zinc-aluminum-magnesium) flat steel. Start-up of the line is planned for the end of 2023.

In 2004, ANDRITZ delivered and successfully commissioned a hot annealing and pickling line and a cold annealing and pickling line for stainless steel for Jiuquan Iron and steel (Group). This was followed by two 20-high cold-rolling mills delivered in 2006. Additionally, ANDRITZ has performed various upgrades and modernizations on existing lines.

Established in China in 1958, Jiuquan Iron and Steel (Group) initially pursued coordinated development in six industrial sectors: iron and steel, nonferrous metals, electric energy, equipment manufacturing, producer services, and modern agriculture. The iron and steel industry has an annual production capacity of 11.05 million tonnes of crude steel, including 1.2 million tonnes of stainless steel.

voda 24 februari 2022 08:36

0

Nucor Promotes Mr Steve Laxton as CFO Mr Jim Frias to Retire

Strategic Research Institute
Published on :
24 Feb, 2022, 5:07 am

Charlotte North Carolina US headquartered steel maker Nucor Corporation announced that Chief Financial Officer, Treasurer & Executive Vice President Mr Jim Frias plans to retire effective 11 June 2022, and will transition out of the role as of 6 March 2022. Vice President of Business Development & Strategic Planning, Mr Steve Laxton has been named his successor. Mr Frias and Mr Laxton will work together over the next several months to conduct a seamless transition of CFO responsibilities.

Mr Frias, 65, joined Nucor in 1991 as Controller of Nucor Building Systems Indiana. Over the years, he took on roles with increasing levels of responsibility, serving as Controller of Nucor Steel Indiana and later as Corporate Controller. He was promoted to Vice President in 2006 and has served as Chief Financial Officer, Treasurer and Executive Vice President since January 2010.

Mr Laxton, 51, began his career with Nucor in 2003 as General Manager of Business Development and was promoted to Vice President in 2014. Prior to joining Nucor, Mr Laxton worked for Cinergy Corp, holding various positions including Director of Asset Management and Manager of Corporate Development. Prior to Cinergy, he held various financial roles with Ashland Inc, North American Stainless and National City Bank. Mr Laxton holds a Bachelor of Science degree in Finance and Marketing from Georgetown College and a Master of Business Administration from the University of Kentucky.

Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico.

voda 24 februari 2022 08:36

0

Gerdau Reports Best Ever Ebidta of USD 4.6 Billion in 2021

Strategic Research Institute
Published on :
24 Feb, 2022, 5:10 am

Brazilian steel maker Gerdau has reported best ever Ebitda & net income in 2021. Gerdau CFO Mr Rafael Japur said “Gerdau recorded, in 2021, the best result in its century-old history, reflecting the company's ability to innovate and continue to fully serve the markets in which it is present, with quick responses and solutions tailored to the needs of its customers.”

-------------------

2021 Highlights

-------------------

Steel Sales - 12.7 million tonnes

Net Revenue - BRL 78.3 billion

Ebitda - BRL 23.2 billion

Ebitda Margin - 29.6%

Net Income - BRL 13.9 billion

Mr Japur added “I would also like to highlight that we reinforced our commitment to building an even more sustainable future by assuming a goal of reducing our greenhouse gas emissions, going from 0.93 t of CO2e per ton of steel produced to 0.83 ton of CO2e per ton of steel produced in 2031, a volume below half the global industry average. We already operate with a sustainable production matrix, mainly based on bio-reducer and scrap recycling, but we need to go further, being part of the search for innovative solutions for the decarbonization process of the planet”,

Gerdau also announced that its ambition is to achieve carbon neutrality by 2050. The company emphasizes that carbon neutrality requires mature technologies, which still do not exist on an industrial scale, and public policies that enable the global steel industry to neutralize its carbon emissions.

voda 24 februari 2022 08:47

0

YuGMK to Increase Steel Output in Donetsk & Luhansk in 2022

Strategic Research Institute
Published on :
24 Feb, 2022, 5:13 am

Southern Mining & Metallurgical Complex YuGMK, managing since May 2021 steel making and raw material companies seized by pro-Russia rebels, expects an increase in production and trade with Russia after its recognition of the Donetsk & Luhansk People’s Republics as autonomous regions & plans to produce 5 million tonnes of steel in 2022. YuGMK said “Now, after Russia has recognized the republics as independent states we expect a simplification of interaction with the Russian economy.”

------------------------------------------------------

YuGMK assets in Donetsk People’s Republic

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Yenakievsky Metallurgical Plant, formerly of Metinvest

Makeevka Metallurgical Plant, formerly of Metinvest

Makeevkoks

Yasinovka Coke & Chemical Plant

Komsomolsk Mining Administration

------------------------------------------------------

YuGMK assets in Luhansk People’s Republic

------------------------------------------------------

Alchevsk Iron & Steel Works, formerly of Ukrainian Industrial Union of Donbass

Stakhanov Ferroalloy Plant

Southern Mining & Metallurgical Complex YuGMK is a company of Russian Mr Evgeny Yurchenko, the former general director of the Svyazinvest holding, the ex-acting deputy governor of the Voronezh region and the ex-president of the All-Russian Athletics Federation.

voda 24 februari 2022 08:48

0

Japanese Steel Output Shrinks in January 2022

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

Japan Iron & Steel Federation announced that Japanese crude steel production In January 2022 was down by 2.2% MoM & 2.1% YoY to 7.75 million tonnes

LD converter – 5.832 million tonnes, 75% share

Electric arc furnace – 1.926 million tonnes, 25% share

Total hot-rolled steel products production was also down 2.6% YoY to 6.66 million tonnes

Bars - 645,100 tonnes, down 1.2

Wire Rod - 128,300 tonnes, down 11.2

Plates - 781,800 tonnes, up 18.2

HR – 3.028 million tonnes, down 7.7

CR – 1.352 million tonnes, down 4.5

Galvanized - 781,200 tonnes, down 7.4

voda 24 februari 2022 08:48

0

ResponsibleSteel Certifies BlueScope Port Kembla Steel Works

Strategic Research Institute
Published on :
24 Feb, 2022, 5:20 am

Australian steel maker BlueScope has successfully passed an independent audit against the ResponsibleSteel Standard - the global sustainability standard for the steel sector. The BlueScope Australian Steel Products Manufacturing site in Port Kembla, Australia manufactures plain carbon steel, low alloy steel and large structural steel products including continuously cast slabs, hot rolled plate, and hot rolled, cold rolled, metal coated and organic coated flat steel strip in coil form.

ResponsibleSteel acting CEO Ali Lucas said “The successful assessment of a steel making site against the very exacting criteria within the ResponsibleSteel Standard highlights the importance of a steel sector not only focused on decarbonization but also on ensuring that health and safety remains of paramount importance, respecting human rights, worker rights and local communities, and focused on the whole ESG spectrum. We applaud BlueScope on this momentous achievement and look forward to working with them closely on the next stage of their journey - certified Steel, which will further reassure business and consumers that the steel they use has been not only produced responsibly but also sourced responsibly at every stage of its journey.”

A not-for-profit organization, ResponsibleSteel is the steel industry’s first global multi-stakeholder standard and certification initiative with a mission to maximize steel’s contribution to a sustainable society through cooperation and mutual commitment by companies at all levels of the steel supply chain, representatives of civil society and other stakeholders. ResponsibleSteel provides the forum for this multi-stakeholder approach.

voda 24 februari 2022 08:49

0

UK’s TRA Recommends AD Duty on Wire Rod Imports from China

Strategic Research Institute
Published on :
24 Feb, 2022, 5:22 am

In its initial findings, the UK’s Trade Remedies Authority has proposed that existing measures on imports of iron and steel Wire Rod be maintained. Following a transition review, the TRA has recommended that anti-dumping measures be kept on bars and rods of hot-rolled iron, non-alloy steel or alloy steel other than of stainless steel from China. The TRA’s provisional findings, contained in the Statements of Essential Facts, would mean that the UK’s Wire Rod industry continues to be protected from dumped Wire Rod from China. The TRA has recommended that the measures on Wire Rod be maintained at their current levels until 30 January 2026 that is five years subsequent to the date when the measure would have expired on 30 January 2021 had no transition review been initiated.

There will be a 30-day period in which interested parties can comment on the report. Comments can be submitted by Interested Parties to the TRA via the Trade Remedies Service website. The TRA will then consider and produce a Final Recommendation, which will be sent to the Secretary of State for International Trade who will make the final decision on whether to uphold the TRA’s recommendation.

Historically, the UK was an attractive market for Chinese exporters of Wire Rod before the existing measure was imposed. Since the measure was imposed by the European Union in 2008, the volume of imports dropped significantly. The TRA’s investigation found evidence of high production and significant inventories of Wire Rod in China suggesting that dumping would be likely to occur again if the measures were removed.

Wire Rod in the UK is predominantly used in construction, tyre reinforcement and steel springs in vehicles. The UK market for Wire Rod is estimated to be worth more than GBP 740 million per year.

voda 24 februari 2022 08:55

0

SSAB Joins Forces with Polestar to Develop Climate-Neutral Car

Strategic Research Institute
Published on :
24 Feb, 2022, 5:26 am

Swedish steel maker SSAB & electric car company Polestar have signed a letter of intent to start strategic collaboration to create a climate-neutral car. The vehicle will be developed in close cooperation in a joint effort to advance climate mitigation and to create more sustainable mobility. The Polestar 0 project, announced in 2021, aims to create a climate-neutral car by 2030 by eliminating emissions from the supply chain. Steel has a decisive role in achieving this goal and thus in offsetting the transport sector’s major climate footprint. The collaboration will explore all the possibilities for SSAB’s fossil-free steel, both with the aim to replace conventional steel normally used in cars, as well as to seek to replace other materials that have a significant carbon footprint.

SSAB aims to be the first steel company in the world to deliver, in 2026, fossil-free steel to the market. In January 2022, SSAB took a policy decision to fundamentally transform Nordic strip production and accelerate the company’s green transition. The decision was taken against the background of strongly growing demand for fossil-free steel. The ambition is to largely eliminate carbon dioxide emissions in around 2030, 15 years earlier than previously announced. In 2021, SSAB signed a number of strategic partnerships for fossil-free steel with customers such as Volvo Group, Volvo Cars, Cargotec, Daimler/Mercedes and Peab.

voda 25 februari 2022 06:52

0

Olympic Steel Reports Record Results in 2021

Strategic Research Institute
Published on :
25 Feb, 2022, 4:46 am

Cleveland US headquartered leading service center Olympic Steel Inc announced Net income of USD 121.1 million in 2021 as compared with a net loss of USSD 5.6 million in 2020. Adjusted EBITDA for 2021 was USD 211.1 million, compared with USD 22.1 million in 2020. Sales for 2021 totaled USD 2.3 billion compared with UD 1.2 billion in 2020. Olympic Steel CEO Mr Richard T Marabito said "We achieved record sales and net income for the fourth quarter, a fitting capstone to a year of record-setting performance for Olympic Steel. All three of our operating segments earned record EBITDA in 2021, reflecting not only strong market demand for our products but also the benefits of our diversification and acquisition strategy. At the same time, we remained focused on operational and working capital disciplines, including record inventory turns, which further enhanced our financial performance."

---------------------------------

Carbon Flat Products -2021

---------------------------------

Tons sold –921,295 ton, up 132% YoY

Net sales - USD 1,344 million, up 95% YoY

Operating income - USD 110 million, up 975% YoY

--------------------------------------------

Specialty Metals Flat Products -2021

--------------------------------------------

Tons sold - 157,807 ton, up 25% YoY

Net sales - USD 585 million, up 87% YoY

Operating income - USD 70 million, up 505% YoY

----------------------------------------

Tubular and Pipe Products -2021

----------------------------------------

Net sales - USD 382 million, up 66% YoY

Operating income - USD 7 million, down 18% YoY

Mr Marabito added "As we begin 2022, we are well-positioned for a strong first quarter. The stainless steel, aluminum, and pipe and tube markets remain robust. Although prices in the carbon segment began to transition down in the fourth quarter, we are optimistic about business conditions in the first quarter of 2022. We are confident that our efforts to diversify and expand in higher-margin products will help Olympic Steel provide more consistent profitability and reduce the impact of market cyclicality on our financial performance."

voda 25 februari 2022 06:53

0

Stelco Holdings Reports CAD 2 Billion EBIDTA for 2021

Strategic Research Institute
Published on :
25 Feb, 2022, 5:01 am

Hamilton Ontario based Canadian steel maker Stelco Holdings Inc has announced CAD 2 billion Ebidta for 2021. Stelco Holdings Executive Chairman & Chief Executive Officer Mr Alan Kestenbaum said "Today Stelco is reporting our most successful year on record, and I could not be prouder of our team for delivering these results, Over the past four and a half years, we have invested strategically and remained tactically flexible in order to take full advantage of our industry leading low-cost position and capitalize on favourable market conditions. As a result, we have returned almost CAD 1 billion to our shareholders since our IPO in 2017 and are reporting record EBITDA, net income and margins for the 2021 year."

Steel Sales - 2,690 thousand net tons (2020 - 2,020)

Average Selling Price – CAD 1,473 per net ton (2020- 705)

Revenue – CAD 4,123 million (2020 –2,606 million)

EBITDA – CAD 2,055 million (2020 – CAD 75 million)

Net Income – CAD 1,609 million (2020 – CAD 159 million loss)

---------------------------------------

Tons Shipped by Product - 2021

---------------------------------------

Hot-rolled - 1,973 '000 net tons, up 36% YoY

Coated - 498 '000 net tons, up 38% YoY

Cold-rolled - 63 '000 net tons, down 22% YoY

Others - 156 '000 net tons, up 26% YoY

Total - 2,690 '000 net tons, up 33% YoY

voda 25 februari 2022 06:53

0

EVRAZ ZSMK & Russian Railways Signed Acceptance for DT370 Rails

Strategic Research Institute
Published on :
25 Feb, 2022, 5:04 am

During a three-day visit by Russian Railways representatives to EVRAZ ZSMK, metallurgists and railway workers signed an acceptance test report for DT370 category rails, which may become a new base product in the future. DT370 rails were developed by EVRAZ ZSMK specialists in response to the increasing requirements for the characteristics of rail products from Russian Railways. Metallurgists began mastering this profile in 2018. The acceptance test report confirms that all characteristics comply with the requirements of design and regulatory documentation. Rails of category DT370 have improved strength characteristics while maintaining ductility. Due to this, their operational resource on the railways is improved. In the near future, the plant will begin certification of this type of product.

As a result of a three-day constructive dialogue, the parties agreed on further cooperation. In the near future, the leaders of EVRAZ ZSMK and Russian Railways are planning to meet to discuss the prospect of building a rail welding shop on the basis of the plant to provide railway workers with 800-meter rail strips.

voda 25 februari 2022 06:54

0

Vallourec to Supply Pipes to Storengy for HyPSTER Project in EU

Strategic Research Institute
Published on :
25 Feb, 2022, 5:07 am

Global seamless pipe giant Vallourec has been chosen by ENGIE’s subsidiary Storengy to provide a complete range of tubular solutions and associated services for the HyPSTER project, the first renewable hydrogen storage project supported by the European Union. The challenges of storing hydrogen in salt caverns are somewhat different from those of storing natural gas. Due to hydrogen’s leak propensity, it is particularly important to install tubular solutions that guarantee tightness and integrity, as well as increased resistance to highly corrosive environments. Vallourec therefore drew on its experience and in-depth knowledge of corrosion in hydrogen environments, as well as its ongoing R&D work on hydrogen, to propose steel grades best suited to Storengy's needs.

Based on its long-standing partnership with the Group, both in terms of business and Research & Development, as well as the success of various storage projects already carried out in France, Storengy chose Vallourec, the world leader in premium tubular solutions for the energy markets, to participate in this pilot project. Vallourec has been selected to provide a complete range of tubes, services and VAM 21 connections, tested and validated for hydrogen storage.

The European HyPSTER project, supported by the Clean Hydrogen Partnership and coordinated by Storengy, includes seven European partners: Armines-École Polytechnique, INOVYN, ESK, Element Energy, Ineris, Axelera. The project aims to design and operate an industrial demonstrator for the production, underground storage and use of renewable hydrogen. The main idea is to use electricity from renewable energies to produce hydrogen by electrolysis, which is then compressed and stored in an underground reservoir in a salt cavern. This project is located on Storengy's underground natural gas storage site in Etrez in France, which benefits from the presence of salt caverns used for natural gas storage and which can be converted for hydrogen storage.

voda 25 februari 2022 06:54

0

Metalloinvest Announces USD 5.7 Billion for 2021

Strategic Research Institute
Published on :
25 Feb, 2022, 5:09 am

Leading Russian miner & steel maker Metalloinvest has announced USD 5.7 billion Ebidta for 2021. Metalloinvest CEO Mr Nazim Efendiev said “The past year has been significant for us for several reasons. In 2021, Metalloinvest celebrated its 15th anniversary. The Company became the global leader in iron ore reserves, the first globally in the production of commercial hot briquetted iron, and the second largest pellets producer in the world. The financial year ended with a record EBITDA in the Company's history, reaching USD 5.75 billion, the leverage was reduced to 0.45x, and three international agencies upgraded the Company's credit rating to investment grade.”

----------------------

2021 HIGHLIGHTS

----------------------

Revenue - USD 10,604 million, up 65.4% YoY

EBITDA - USD 5,754 million, up 2.3x YoY

EBITDA margin - 54.3%, up 15.7 pp YoY

Net income - USD 4,116 million, up 3.1x YoY

---------------------------------

Operational developments

---------------------------------

Iron ore production amounted to 40.8 million tonnes, an increase of 0.8% YoY

Pellet production increased by 3.4% YoY and reached 28.5 million tonnes

HBI/DRI production remained unchanged

In February 2021, Mikhailovsky HBI (45% owned by Mikhailovsky GOK4) signed a contract with Midrex and Primetals for the supply of equipment for the one of the world’s largest HBI plants. The plant is designed to produce 2.08 million tonnes of HBI per year, and its launch is expected in H1 of 2024.

In October 2021, Metalloinvest signed a contract to supply equipment to the new HBI Plant (HBI-4) at LGOK. Project capacity is 2.08 million tonnes of HBI per year and production is set to start in Q1 of 2025.

In 2021 the Company became a world leader in the iron ore reserves. New reserves amounted to 15.4 billion tonnes in accordance with international J0RC 2012 standard.

voda 25 februari 2022 06:59

0

Stainless Steel Leader Acerinox Joins ResponsibleSteel

Strategic Research Institute
Published on :
25 Feb, 2022, 5:12 am

Responsible Steel announced that global manufacturer of stainless steels Acerinox has joined as a new member. Acerinox CEO Mr Bernardo Velázquez expressed his delight and gratitude for the inclusion of Acerinox as a member of Responsible Steel and assured that "our commitment to sustainability is linked to efficiency as this way we reduce resources, thus mitigating our footprint. Moreover, our product is an example of the circular economy, as it can be recycled infinitely as many times as necessary and without losing its properties in the process, becoming a resource once more for multiple applications".

Since its incorporation in Spain in 1970, Acerinox has had a clear international vocation, and is currently one of Europe's leaders in the manufacture of stainless steel, the prominent leader both in the US and Africa, and is global leader in the high performance alloys market. The Acerinox Group has 13 factories located on four continents, and sells its materials in 83 countries thanks to its extensive network of offices, service centres and salespeople. Acerinox is a benchmark in innovation and sustainability, with some of the most sophisticated technological advances in this sector thanks to its ongoing investment programme.

voda 25 februari 2022 06:59

0

NLMK Implements Machine Vision & AI for Scrap Quality Control

Strategic Research Institute
Published on :
25 Feb, 2022, 5:14 am

Russian steel maker NLMK has implemented a new digital service at NLMK Kaluga based on machine vision and artificial intelligence, which determines the type and quality of scrap delivered to the plant. The solution saves time for employees to control incoming products, increases the turnover of wagons, and improves the quality of interaction with suppliers. Industrial cameras installed at the NLMK-Kaluga pre-production site transmit the video stream to the system, which analyzes each unloaded layer of raw materials in all cars. The service can also block the unloading of items that are prohibited for unloading, for example, potentially explosive.

Based on an accurate analysis of each delivery of scrap, the service generates a report for each wagon. All photos and videos linked to the wagon register are stored in the service history. Access to reports on the acceptance of raw materials with layer-by-layer photos of the unloading of railcars is available to suppliers on the NLMK Group portal.

In 2022, the digital service will be replicated at NLMK Group's production site in Lipetsk, and later on at other Group facilities.

voda 25 februari 2022 07:00

0

Ternium Investing in Pesquería Industrial Center in Mexico

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

Ternium SA announced that a new investment program at its Pesquería industrial center in Mexico with the aim at broadening its value-added product portfolio. The program consists of a new cold rolling mill, a hot-dip galvanizing line, a push-pull pickling line and new finishing lines with total capital investment of approximately USD 1 billion and expected start-up of operations in the first half of 2024.

Ternium’s new investment program should help it better serve its customers in the automotive, renewable energy and home appliance industries, as well as in the construction and agricultural sectors. With the expansion of the Pesquería facility’s advanced-high-strength and ultra-high-strength steels production capabilities, this initiative will support the company’s leading position as a steel supplier in Mexico.

In addition to the new investment program at the Pesquería facility, Ternium recently launched an expansion of its Shreveport facility in the US state of Louisiana, with a second coil coating paint line expected to start-up by mid-2024.

Vertraagd	6 jun 2024 17:37
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Volume gisteren	4.384.655

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