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voda 25 februari 2022 07:01

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Romania Approves AFV Beltrame Takeover of COS Targoviste

Strategic Research Institute
Published on :
25 Feb, 2022, 5:18 am

The Romanian competition council has lately authorized the takeover of bankrupt COS Targoviste for EUR 38.3 million by Italy-based AFV Beltrame Group. COS Targoviste, which produces mainly rebar and special steels, halted production activities in 2020 and laid off around 1,200 workers due to economic issues caused by the Covid-19 outbreak and a shortage of working capital. Donalam produces round bars of 80-320 mm diameter.

AFV Beltrame aims to invest about EUR 100 million in the modernization of the Romanian long products mill. Furthermore, this year AFV Beltrame Group will start the construction of a new plant, an investment of EUR 300 million operational within 4 years, again in Targoviste for the production of rebar and wire rod, with a production capacity of approximately 600,000 tonnes per year. The plant will be in line with the principles of sustainability and will be equipped with innovative technologies, which will ensure low energy consumption. The project also includes a photovoltaic park, which will power the new eco-smart factory.

The AFV Beltrame group is one of the largest European producers of steel bars and special steels. Present on the Romanian steel market since 2007, where it owns the Calarasi rolling mill through its subsidiary Donalam, AFV Beltrame Group wants to expand its business in the country by acquiring and restarting the steel production unit owned by COS Targoviste SA and then transforming it into a European production unit of special steel. COS Targoviste activities should be integrated with those of Donalam, another mill owned by Beltrame in Calarasi in Romania.

voda 25 februari 2022 07:01

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SAIL BSL Achieves 100% Utilization of Solid Wastes

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

Times of India reported that Steel Authority of India Limited’s Bokaro Steel Plant has achieved 100% utilization of its solid wastes such as slag, scrap and other by products in the ongoing financial year, becoming first SAIL plant to achieve the feat. AIL BSL’s Head of Environment Control Department Mr Navin Prakash Srivastava said "Solid waste utilisation rose to 100% in the ongoing fiscal, which is highest in all of SAIL. BSL also won the Creentech Environmental Excellence Award for recycling and waste management in 2020. Utilizing its solid waste also saved BSL INR 700 crore.”

The BSL officials also said that apart from this, BSL has achieved 30.95% reduction in particulate matter emissions and 19.85% reduction in specific waste discharge during the last three financial years.

BSL has taken various initiatives for environment and resource conservation including installation of rain water harvesting system, implementation of zero liquid discharge at various shops including CRM-3 and 100% utilization of waste material.

voda 25 februari 2022 07:02

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Vale & Hunan Valin to Develop Steelmaking Decarbonization Solution

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

Brazilian iron ore mining giant Vale and Chinese Hunan Valin Iron & Steel Group have signed a Memorandum of Understanding to pursue ironmaking solutions focused on reducing CO2 emissions. Vale and Valin Group intend to jointly study and explore the feasibility of cooperation on

(i) Usage of Vale’s wide range of product portfolio, as high-grade iron ore products like pellets and fines, including products processed in grinding facilities in China

(ii) Metallics plants outside China to supply Valin Group

(iii) Usage of Tecnored technology in China

(iv) Application of green and low carbon emission technologies, including energy resources such as hydrogen, biomass and syngas

Hunan Valin Iron & Steel Group Co, Ltd is a conglomerate set up in 1997 by incorporating the Top 3 steelmakers in Hunan, Xiangtan Steel, Lianyuan Steel and Hengyang Steel, with two listed companies Valin Steel and Valin Cable, as well as many other subsidiaries. Valin Group is one of the Top 10 steelmakers in China. Valin Group is leading teel upplier to shipbuilding, marine engineering, bridges, construction machinery, automobiles, home appliances etc.

This initiative contributes to Vale’s commitment to reduce 15% of net Scope 3 emissions by 2035. Additionally, Vale seeks to reduce its absolute Scope 1 and 2 emissions by 33% by 2030 and achieve net zero by 2050, in line with the Paris Agreement, leading the evolution process towards sustainable mining.

voda 25 februari 2022 07:02

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Baowu Starts Construction of Hydrogen Shaft Furnace Project

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

Construction work started on the new hydrogen shaft furnace of China's largest steelmaker Baowu Steel Group on 15 February 2022, which will be its first zero-carbon electric arc furnace in Zhanjiang in Guangdong Province. . The project is China's first million-ton hydrogen-based shaft furnace, it is also the first direct reduction production line integrating hydrogen and coke oven gas for industrialized production

The total investment in the project in question amounts to CNY 1.89 billion, covering facilities including the shaft furnace, the loading and unloading system, the product cooling system, the gas loop system, the raw material input and finished product output system, the pellet supply system, energy auxiliary system and information system. The project will be completed by the end of 2023 and will reduce carbon dioxide emissions by 500,000 tonnes annually.

The project is of great significance to promote the green and low-carbon transformation of the steel industry and the optimization of regional clean energy and economic development

voda 25 februari 2022 07:03

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US Steel Imports in 2021 Spiral by 43% YoY

Strategic Research Institute
Published on :
25 Feb, 2022, 5:29 am

The American Iron and Steel Institute reported that the US imported a total of 31.476 million net tons of steel in 2021, including 22.770 million net tons of finished steel. These totals represent increases of 43.0% and 41.0% respectively

Key steel products with a significant increase in 2021 vs. 2020 were hot rolled sheets (up 89%), plates in coils (up 75%), sheets and strip all other metallic coatings (up 69%), oil country goods (up 67%) and wire rods (up 62%).

In 2021, the largest volumes of steel imports were from Canada at 6.970 million net ton up 34% YoY, Mexico at 4.760 million net ton up 44%, Brazil at 4,365 million net ton up 8%, South Korea at 2.748 million net ton up 36% and Russia at 1.633 million net ton up 280%.

voda 25 februari 2022 07:07

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AM/NS India Aims to Double Steel Supplies for Defense

Strategic Research Institute
Published on :
25 Feb, 2022, 5:32 am

Media reports suggest that ArcelorMittal Nippon Steel India Ltd is aiming to double steel production for defense purposes, which is used for building naval warships, submarines and launch pads for missiles to 100,000 tonnes per annum at its integrated steel plant at Hazira in Gujarat. AM/NS India Executive Director Mr Santosh Mundhada, without specifying a time period for doubling the production, told media “Defense requirements for steel are evolving. Though it occupies only a small portion of our current production, we are looking at producing one lakh tonnes of steel annually for defense purposes. Currently, we are supplying 50,000 tonnes of steel for defense. The Indian Navy is our largest consumer, followed by the Army.”

He informed “We are in a major way associated with defense manufacturing. Since the past 7-8 years, we have been supplying steel for defense purposes. Currently we are supplying steel for submarines, steel plates for main battle tanks and field-guns, steel for canisters of Brahmos missile, high-strength and corrosion-resistant steel plates for warships, and offshore patrol vessels, steel for missile launching pads, mobile bunkers and armored vehicles.”

Though the plant at Hazira has a capacity of 10 million tonnes per annum, it is currently functioning at 8.4 million tonnes per annum & capacity will be increased to 15 million tonnes per annum by 2024. Mr Mundhada said “We have got most of the clearances and will soon begin the expansion. We want to complete the expansion in a record time of 30 months.”

voda 25 februari 2022 07:08

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War Halts Steel Production in Ukraine

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

Several Ukrainian steel mills & miners announce production suspensions or slowdown after Russian attack. Steel shipments from Ukraine have also been halted following disruptions to logistics routes required for steel and iron ore transport.

ArcelorMittal Kryvyi Rih has announced that it has taken the decision to work on slowing down operations in Ukraine to a technical minimum and to halt production at its underground mines. ArcelorMittal Kryvyi Rih said "ArcelorMittal is deeply concerned about the developments in Ukraine and potential impact this will have on our colleagues in the country. Our priority is our people and we had developed plans to help them stay safe should the situation escalate in this way.”

Metinvest Group has put some equipment of Ilyich Iron and Steel Works and Azovstal in a suspension mode to ensure the safety of its employees and preserve the equipment. Metinvest said “The plants will use up hot metal and steel available on 24 February, following which the operations will be put on hold. Azovstal will suspend its operations in coke shop, recovery and desulphurization shop, blast furnace shop, BOF shop, plate mill, rail and structural mill, lime shop, and slag processing shop. MMKI will suspend operations at the sinter plant, blast furnace and BOF shops, 1700 HSM and 3000 plate mill, and the cold rolling mill. The production suspension will continue for seven days. The decision on further operation of the enterprises will be made based on how the situation develops.

Interpipe announced that it has decided to temporarily suspend its operations. The company has stopped production at its assets in the Dnipro region.

World's 3rd largest exporter of high grade iron ore pellets Ferrexpo plc said that it is closely monitoring developments & will prioritise the safety of its workforce. It said “At the present time, the Group’s mining and processing facilities are operating, which are located adjacent to the city of Horishni Plavni, in central Ukraine, where the situation remains stable. However, the government of Ukraine has now suspended rail transportation.”

Ukraine is the world's 13th largest producer of steel and fifth largest exporter of iron ore by volume. It produced 21.4 million tonne of crude steel in 2021 & exported about 80% of its steel output. The country exported 44.4 million tonnes of iron ore products in 2021

voda 25 februari 2022 07:20

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Bekaert: beter dan verwacht en fors hoger dividend

De resultaten van Bekaert BEKB 0,00% rollen binnen en zien er goed uit. De staaltechnologiegroep heeft het zelf over ‘superieure resultaten’. Bekaert realiseerde in 2021 een geconsolideerde omzet van 4,8 miljard euro. Dat is 28 procent meer dan in 2020, een record en bovendien beter dan verwacht: analisten rekenden gemiddeld op 4,69 miljard euro.

De onderliggende bedrijfswinst (ebit) schiet 89 procent hoger naar 515 miljoen euro. Ook hier gaat het West-Vlaams bedrijf boven de lat die op 508 miljoen euro lag. Een en ander levert een operationele winstmarge van 10,6 procent op, in lijn met de ‘minstens 10 procent’ die Bekaert zelf had vooropgesteld.

De aandeelhouders delen in de vreugde: Bekaert stelt een brutodividend van 1,50 euro voor, een stijging met meer dan 50 procent tegenover 2020. Daarnaast komt er een aandeleninkoopprogramma voor een bedrag tot 120 miljoen euro.

En wat mogen we voor 2022 verwachten? Bekaert voorziet verdere omzetgroei, maar denkt dat de aanvoerproblemen en de hoge transportkosten zullen aanhouden. Over de marktevoluties kan het bedrijf zich nog niet uitspreken door ‘de onzekerheden en instabiliteit waarmee de wereld momenteel wordt geconfronteerd’. Niettemin blijven de doelstellingen voor de middellange termijn (2022-2026) overeind. Een gemiddelde jaarlijkse organische omzetgroei van meer dan 3 procent en een onderliggende ebit-marge van 9 tot 11 procent.

www.tijd.be/markten-live/live-blog/be...

voda 25 februari 2022 07:27

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LKAB Reports Record Profits in 2021

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

Swedish iron ore miner LKAB closed 2021 with operating profit at 130 percent up on the previous year, driven mainly by high iron ore prices. LKAB President& CEO Mr Jan Moström said “In 2021 we have delivered LKAB’s strongest earnings ever. As one of Sweden’s largest export companies we have strengthened the foundations for our important transformation and at the same time increased the dividend to our owner, the Swedish state.

The delivery volume for the year amounted to 27.0 (28.5) million tonne and for the quarter to 6.8 (7.0) million tonne and was affected during the quarter by a somewhat lower production volume. Production volumes amounted to 26.7 (27.1) million tonne for the full year and 6.7 (6.8) million tonne for the quarter. This was mainly affected by extended maintenance shutdowns due to adjustments for corona in the spring

Net sales for 2021 increased by nearly SEK 15 billion to MSEK 48,812 (33,914). Operating profit also increased correspondingly, to a record MSEK 26,898 (11,654)

Profit for the full year amounted to MSEK 22,604 (9,757) with operating cash flow at a historic high of MSEK 19,988 (6,038), mainly thanks to the strong earnings

Historically strong operating cash flow of SEK 20 billion puts the group in a stronger position to lead the climate transition of the iron and steel industry, while a dividend of SEK 12,4 billion is proposed for the group’s owner, the Swedish state.

voda 25 februari 2022 09:20

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Russia-Ukraine war to lift Italian pig iron prices
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Italian pig iron prices are expected to continue to increase significantly in the coming days, as a result of shortages. This comes as the Ukrainian ports of Mariupol and Odessa come under siege from the Russian military.

Anticipated shipping disruptions from Ukraine and future sanctions on Russian steel and raw materials exports are also expected to discourage Italian buyers from purchasing in the CIS, a major pig iron supplier to Italy, sources tell Kallanish.

Because of pig iron shortages from the CIS, an Italian purchase of Brazilian pig iron was heard at the beginning of February. A distributor who buys directly from producers to replenish stocks at Marghera, the main Italian steel port, is said to have bought a large, 35,000-tonne Brazilian vessel at $540/tonne fob Brazil. Some limited Ukrainian and Russian pig iron tonnages of between 7,000t and 15,000t are being sold in Italy at $610-615/t cfr Italy, sources observe.

The war in Ukraine is expected to cause a substantial change in the way Italy procures pig iron. Now that Ukrainian material is surrounded by uncertainty, and sanctions on Russia become a reality, more Brazilian prig iron is expected to be sold into Italy. It remains unclear whether the self-proclaimed Donetsk Republic, now recognised by Russia, will return as a regular pig iron supplier after the EU banned trade with the breakaway regions.

Material in consignment at the Marghera port has dried up and demand from distributors who buy directly from CIS producers to replenish the port’s stocks remains strong, Kallanish notes.

Natalia Capra France

voda 25 februari 2022 09:42

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Familie Mittal ziet af van verkoop aandelen
Belang stijgt.

(ABM FN-Dow Jones) De familie Mittal heeft ArcelorMittal laten weten toch niet deel te nemen aan het aandeleninkoopprogramma ter waarde van 1 miljard dollar. Dit meldde de staalreus vrijdag.

Aanvankelijk zei Mittal in hetzelfde tempo en naar rato aandelen te verkopen gedurende dit inkoopprogramma, waardoor het belang van de familie 36,3 procent zou blijven.

Doordat de familie nu heeft besloten geen aandelen te verkopen, zal het belang in ArcelorMittal stijgen.

Door: ABM Financial News.

info@abmfn.nl

Redactie: +31(0)20 26 28 999

voda 28 februari 2022 05:42

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Metinvest Gets Credit Management Certification in European Units

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

Metinvest’s re-rollers in Italy, Ferriera Valsider & Metinvest Trametal, have become the first in the country’s steel industry to receive credit management certification in accordance with Italian and international standards. Spartan UK, the Group’s re-roller in the United Kingdom, also underwent the process successfully. The work was conducted in 2021 by the independent audit company TUV Rheinland, whose certification is recognised globally. The certification confirms compliance with best practices in credit management at Metinvest's mills in Europe.

Headquartered in Genoa, Metinvest Trametal is responsible for overseeing credit management at the three enterprises. The credit management system includes the credit portfolio of more than 1,100 Group customers in Europe.

voda 28 februari 2022 05:42

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Baowu’s TISCO to Release Carbon Footprint Data of Mining Products

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

Baowu Groups’s TISCO Mining's green and low-carbon technology route formulation project passed the review by industry experts. The project has created China’s first online full-life-cycle carbon footprint evaluation platform for mining products and the first carbon data management system in the mining industry with "process-level" real-time calculation capability. TISCO Mining has become the first mining enterprise in Asia to release the carbon footprint data of mining products and the first domestic mining enterprise to release the green and low-carbon technology roadmap.

At the same time, TISCO Mining's green and low-carbon technology route formulation project has been selected as an "Excellent Case of Green and Low-carbon Development Empowered by Industrial Internet" in the metallurgical and mining industry.

voda 28 februari 2022 05:42

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Mechel Appoints Mr Alexey Lebedev as Deputy GD Operation of Mechel

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

Russian steel maker Mechel has announces the introduction of a new position in the organizational structure by appointing Mr Alexey Lebedev as Deputy General Director for Operations of Mechel PAO. Mr Lebedev will oversee a wide range of issues related to production planning and technical development, implementation of the production program, product quality, capital construction and repairs, labor protection and industrial safety. On a temporary basis, he will combine work in a new position with the management of the company's transport division.

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

Lebedev Alexey Viktorovich

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

2013 to present – General Director of OOO UK Mechel-Trans

2011-2013 - General Director of Mechel-Trans Auto LLC

2010-2011 - Director of the Trucking Department at Mechel-Trans LLC

2003-2010 - Held senior positions in transport and logistics companies (road transportation, rail transportation, air transportation of export-import cargo; domestic logistics)

Mr Alexey Lebedev graduated from Izhevsk State Technical University with a degree in Production Management.

voda 28 februari 2022 05:43

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Industrias CH Reports 57% YoY Surge in Sales in 2021

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

Mexican steelmaker Industrias CH's net sales increased by 57% in 2021, going up from MXN 39,565 million in 2020 to MXN 62,023 million as sales went up from 2.709 million tonnes in 2020 to 2.812 million tonnes in 2021. Oversea sales in the twelve months of 2021 increased 54% YoY to MXN 28,264 million while domestic sales increased 60% YoY to MXN as average sales prices increased by approximately 51% comparing both periods.

The Compartía's EBITDA increased 130% to MXN 16,589 million in the twelve months of 2021 compared to MXN 7,217 million for the same period of 2020, mainly due to the higher number of tonnes shipped, as well as higher average sales prices; which neutralized the negative effects derived from higher costs of raw materials and higher operating expenses.

The Compartía recorded an increase in consolidated net income of 260% YoY from MXN 11,786 million in the twelve months of 2021 compared to a net income of MXN 3,278 million for the twelve months of 2020, which is mainly explained by the foreign exchange profit recorded in the 2021 period compared to the foreign exchange loss in the same period of 2020, as well as the greater number of tons shipped and higher average sales prices than they outweighed the negative effects of higher raw material costs, higher selling and administrative expenses; higher tax expense provisions.

Throughout 70 years, Industrias CH has developed a key role in the industrialization process of México. ICH is a Mexican Steel company, which produces & processes steel & has had continuous growth for the past 27 years. ICH is the largest producer of special bar quality steels in North America and a top producer of commercial and structural steel long products in México.

voda 28 februari 2022 05:43

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Thyssenkrupp Materials Joins ResponsibleSteel

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

ResponsibleSteel has welcomed thyssenkrupp Materials Processing Europe SA as a new member. The service center thyssenkrupp Materials Processing Europe El Puig in Valencia, together with 11 more service centre locations throughout Europe, is part of the Materials Services segment of the thyssenkrupp group. The network of sites supplies processed steel and NF metals to customers in divers sectors including renewable energy companies, automotive auxiliary sector, construction, metal furniture and further industrial branches.

A main objective for the branch in El Puig is to invest in the installation of renewable energies that will allow the site to be 100% green in the coming years. All of this together with a social responsibility and a commitment to the ResponsibleSteel standard and its 12 principles will make the El Puig branch of thyssenkrupp Materials Processing Europe a reference for the management of the organization and involves all the stakeholders it influences.

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 28 februari 2022 05:44

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OMK Improves Quality of Painting of Spring Products

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

Russian steel pipe maker United Metallurgical Company OMK purchased for its plant in Chusovoy in Perm Territory in Russia, which produces springs for Russian and foreign brands of trucks, an abrasive blast chamber for cleaning cassettes, a specialized container for transporting springs and leaf springs on a painting line conveyor. This will guarantee a consistently high quality of the color of the spring sheets. The volume of investments amounted to about 1.5 million rubles.

About 500 cassettes are used on the conveyor of the spring production line. The general requirements for the technological process of priming by cathodic deposition on the painting line require regular cleaning of the contact surfaces of the product to be painted and the tooling. This creates optimal conditions for applying the necessary layer of soil, which ensures the corrosion resistance of the spring.

After repeated use, the cassettes are covered with a layer of paint, which can lead to incorrect positioning of the leaf springs and deterioration in the quality of the painting. Previously, the paint was removed with a hand tool. At the same time, the complexity did not allow cleaning the cassettes regularly. Now the cassettes are placed in a special chamber, the operator is working in protective gloves, being outside the chamber. Quarterly cleaning of all cassettes with an abrasive-air mixture will minimize the possibility of an unpainted defect and repaint the spring leaves to eliminate it, which increases the overall efficiency of the production process.

voda 28 februari 2022 05:44

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Algoma Steel Charged for Alleged Wastewater Discharge in 2019

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

Soo Today reported that Canadian steel maker Algoma Steel is currently facing two provincial offence charges related to an alleged release of untreated wastewater into the St Marys River. On 9 February 2022, a first hearing took place at Sault Ste. Marie’s provincial offences courtroom & the matter has been adjourned to 8 June 2022. According to court documents, the company faces one charge under the Ontario Water Resources Act and another under the Environmental Protection Act.

Both charges stem from an incident that occurred on 18 October 2019. The former relates to an untreated wastewater discharge that may impair the quality of the St Marys River. The latter relates to the same discharge failing what’s referred to as an acute lethality test, in which a population of rainbow trout is used to gauge the toxicity of wastewater that enters the St Mary’s River. None of the allegations have been proven in court but the charges are based upon evidence collected by the Ontario Ministry of the Environment, Conservation and Parks. Ontario’s Environmental Compliance Report from 2019 shows four separate exceedances for Algoma Steel on 18 October 2019.

According to provincial regulations, all facilities regulated by the Ontario Water Resources Act and Environmental Protection Act are required to report their exceedances of pollution limits that apply to their air emissions and wastewater discharges.

The St Marys River is considered an ‘area of concern’ by various levels of government and local stakeholders that collaborate on environmental mitigation efforts in the Great Lakes region. In 1987, the Great Lakes Water Quality Agreement between Canada and the United States officially designated 43 areas of concern. The responsibility for the St. Marys River area is shared bi-nationally, assisted by the Bi-national Public Advisory Council’s Remedial Action Plan.

voda 28 februari 2022 05:45

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MMK Invests 17 Billion Rubles in Environment Programs In 2021

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

Russian steel giant Magnitogorsk Iron and Steel Works spent more than 17 billion rubles on environmental activities in 2021, of which over 13 billion rubles were investments in the construction of new and reconstruction of existing environmental facilities. MMK's environmental investments were made in accordance with the company's annual Environmental Program, which covers all production processes and is based on the use of the best available environmental technologies. In accordance with the Environmental Program of MMK, 34 technical measures were implemented in 2021 aimed at reducing and preventing negative environmental impact. Work continues on 19 more events.

Among the significant completed environmental measures in 2021 are the installation of a dust suppression system for the bunker rack of Blast Furnace No. 10; construction of an aeration system in the Northern channel of industrial wastewater and the Left Bank treatment facilities, installation of a new door-removing machine for coke oven battery No. 8 with a dust-free coke dispensing unit.

The largest volume of investments in the past year fell on the construction of a complex of environmental facilities for the coke oven battery No. 12, which is under construction, thanks to the launch of which five obsolete batteries will be phased out of operation. This will reduce gross emissions of pollutants into the atmosphere by 11.35 thousand tons per year and ensure waste-free production through the introduction of a dry coke quenching unit.

The result of the implementation of the activities of the Environmental Program for 2021 was the reduction in specific emissions of pollutants compared to 2020 by 8% to 14.1 kg/ton of steel. Discharges of pollutants into water bodies decreased by 5.7 thousand tons to 18 thousand tons. 1.97 million tons of production wastes were used as secondary material resources in the sinter charge, 6.52 million tons of waste slags were processed at specialized installations.

voda 28 februari 2022 05:45

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BlueScope Steel North Star Expansion to Finish in June 2022

Strategic Research Institute
Published on :
28 Feb, 2022, 5:19 am

Australian steel maker BlueScope Steel announced that construction of the cornerstone project to expand the North Star mini-mill in Delta in Ohio U, by around 850,000 tonnes per annum is well progressed. The first major component of the expansion, the new EAF, was commissioned during 1H FY2022 and reached its 100 heat milestone in January 2022. Commissioning of the ladle metallurgy furnaces is currently underway, and installation of the caster and shuttle furnace are nearing completion, with commissioning anticipated in the coming months. Production of the first coil is expected around the middle of CY2022, with an 18 month ramp up to full run rate expected.

Total cost is expected to be around 10% above the USD 700 million initial estimates, reflecting inflationary pressure and the revised commissioning schedule.

Vertraagd	23 mei 2024 17:35
Koers	23,740
Verschil	-0,180 (-0,75%)
Hoog	23,930
Laag	23,690
Volume	2.171.312
Volume gemiddeld	2.543.351
Volume gisteren	2.253.844

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