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voda 18 mei 2022 07:02

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1200-MM Round Blooms Produced at Yonggang by Danieli Caster

Strategic Research Institute
Published on :
18 May, 2022, 6:19 am

Leading technology supplier Danieli and YongGang commissioned the largest round section in the world on a 18 meter radius curved conticaster at Zhang Jiagang city in Jiangsu province in China. The caster is designed to produce rounds ranging from 700 to 1200 mm with a tailor-made configuration. Two of the four strands cast 1200 mm dia blooms, while the other two strands were equipped to cast 1000 mm diameter rounds. Both these jumbo sizes are intended to supply the growing market for renewable energy products with low-alloy steel grades, for wind-turbine towers, gearboxes, shaft bearings, yaw drives and bearings that in the past were produced through the ingot route with much higher OpEx.

Based on Danieli experience collected in large round casting, the caster makes extensive use of electromagnetic stirring systems (mould, strand and final) for best internal quality with very low values of carbon segregation and central porosity, for a wide range of steel grades.

The combined application of liquid-pool control solidification and wide battery of high-force withdrawal and straightening modules ensure smooth product unbending to maximize the results for surface quality and safe, reliable operation.

In the last two years, Danieli has been awarded with three contracts for jumbo round casters in China, which will be put in operation between end of 2022 and beginning of 2023.

voda 18 mei 2022 07:03

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US Keeps AD & CVD on Welded Stainless Pressure Pipes from India

Strategic Research Institute
Published on :
18 May, 2022, 6:22 am

US Department of Commerce & the US International Trade Commission have determined that the withdrawal of the existing Anti Dumping Duty & Countervailing Duty orders on welded stainless pressure pipe from India would likely lead to continuation or recurrence of dumping, net countervailable subsidies, and material injury to the US industry. Therefore, the USDOC published a notice to maintain these AD and CVD measures.

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Antidumping Duty Margin & Cash deposit rate

Steamline Industries Ltd - 12.66% & 10.17%

All Others - 12.66% & 8.35%

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

Countervailing Duty Order

Steamline Industries Limited -3.13%

Sunrise Stainless Private Limited - 6.22%

Sun Mark Stainless Pvt Ltd - 6.22%

Shah Foils Ltd - 6.22%

All-Others - 4.65%

The merchandise covered by these orders is circular welded austenitic stainless pressure pipe not greater than 14 inches in outside diameter. For purposes of this scope, references to size are in nominal inches and include all products within tolerances allowed by pipe specifications. This merchandise includes, but is not limited to, ASTM A-312 or ASTM A-778 specifications, or comparable domestic or foreign specifications. ASTM A-358 products are only included when they are produced to meet ASTM A-312 or ASTM A-778 specifications, or comparable domestic or foreign specifications.

Excluded from the scope are

(1) Welded stainless mechanical tubing meeting ASTM A-554 or comparable domestic or foreign specifications

(2) Boiler, heat exchanger, superheater, refining furnace, feedwater heater, and condenser tubing, meeting ASTM A-249, ASTM A-688 or comparable domestic or foreign specifications

(3) Specialized tubing, meeting ASTM A-269, ASTM A-270 or comparable domestic or foreign specifications

The subject imports are normally classified in subheadings 7306.40.5005, 7306.40.5040, 7306.40.5062, 7306.40.5064, and 7306.40.5085 of the Harmonized Tariff Schedule of the United States. They may also enter under HTSUS subheadings 7306.40.1010, 7306.40.1015, 7306.40.5042, 7306.40.5044, 7306.40.5080, and 7306.40.5090.

voda 18 mei 2022 07:03

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Vallourec Invests in Closed Loop Geothermal Firm GreenFire Energy

Strategic Research Institute
Published on :
18 May, 2022, 6:25 am

Meudon France headquartered leader in premium tubular solutions Vallourec has announced an investment in GreenFire Energy Inc, an American start-up developing Advanced Geothermal Systems based on its innovative technology called GreenFire’s GreenLoop. This transaction was carried out as part of a Series A funding alongside other major investors, Baker Hughes and Helmerich & Payne. Vallourec and GreenFire Energy have been working together since 2019 on several successful Closed-Loop Geothermal demonstrators in various fields. This investment will further strengthen the relationship between the two companies.

Vallourec THERMOCASE8 Vacuum Insulated Tubing is a key enabler of closed loop geothermal systems: these thermally insulated pipes allow the harvesting of underground heat and bring it to the surface, as hot water or steam, with minimal losses. Thanks to its leading edge in VIT with its THERMOCASE product range, Vallourec will be able to support GFE by designing and manufacturing bespoke solutions for their downhole heat exchanger.

GreenFire Energy develops and implements innovative geothermal technology to accelerate the world’s transition to clean, continuous renewable energy. GreenFire’s GreenLoop is closed-loop technology that extracts and transports heat from deep in the earth to be used for power generation.

Geothermal energy is expected to play a major role in the energy transition and the Decarbonization of our economies, as it is the only renewable source that can always be on, provide low carbon, and versatile energy. While conventional systems rely on the exploitation of geothermal resources in very specific areas, Advanced Geothermal Systems, such as the one developed by GreenFire Energy, could unlock the possibility of producing energy virtually anywhere.

voda 18 mei 2022 07:04

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Metinvest to Prepone Maintenance of Trametal & Ferriera Valsider

Strategic Research Institute
Published on :
18 May, 2022, 6:29 am

Ukrainian steel maker Metinvest has decided to move the scheduled maintenance of the Italian re-rolling plants of Metinvest Trametal at S Giorgio di Nogaro in UD and Ferriera Valsider at Vallese di Oppeano in VR from August 2022 to May 2022. Metinvest said “With the launch of a full scale Russian military invasion into Ukraine in February 2022, the Group re-rolling plants started to adjust their operations as a stand-alone business –arranging purchases of third-party slabs, previously being supplied by the Mariupol assets of the Group. In order to make this transition more efficient, Metinvest decided to move the regular annual maintenance of the plants from August 2022 to May 2022.”

Starting from June 2022, with the arrival of the new supplies of feedstock, the production of the two plants will be resumed. Notwithstanding the supply chain transformation of Metinvest’s flat re-rollers, the Group will continue to provide them with operational and financial support.

voda 18 mei 2022 07:05

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Acciaierie d'Italia Clarifies over News about Production in 2022

Strategic Research Institute
Published on :
18 May, 2022, 6:32 am

Genoa headquartered Italy’s largest steel maker Acciaierie d'Italia, formerly known as ILVA, has published a clarification after the incorrect news published by a national newspaper. Acciaierie d'Italia said that “With reference to incorrect news published by a national newspaper that in 2022 the production will increase by 40% compared to that recorded in 2021, with a target of 5.7 million tonnes, the company reserves the right to proceed in any appropriate place for the recovery of the damage suffered.”

La Gezzetta del Mezzogionro had reported on 12 May 2022 that Acciaierie d'Italia confirms that in 2022 production will increase by 40% compared to that recorded last year, with a target of 5.7 million tonnes of steel to be made with three blast furnaces 1, 2 & 4 and two steel mills 1 & 2.

Acciaierie d'Italia SpA was established by Am InvestCo Italy & Invitalia. The main Italian plant is represented by the Taranto steelworks in Puglia, the largest industrial complex for steel processing in Europe, other factories are in Genoa in Liguria, Novi Ligure and Racconigi in Piedmont, Marghera in Veneto. Before reaching its current corporate structure, the company underwent numerous changes of ownership: reborn in 1989 on the ashes of Italsider as ILVA SpA, it took back its name from the Company Industria Laminati Piani e Affini of 1905, which in its once it recalled the Latin name of the island of Elba, and from which the iron ore that fed the first blast furnaces built in Italy at the end of the nineteenth century was extracted. On 1 November 2018, ILVA officially became part of the ArcelorMittal, thus becoming ArcelorMittal Italia SpA. However, on 5 November 2019, ArcelorMittal communicated its intention to withdraw from the transfer contract, returning it to Ilva within 30 days. A new company set up by Am InvestCo Italy has therefore taken over the operations of the Italian branch of ArcelorMittal. Am InvestCo Italy and its subsidiaries became Acciaierie d'Italia Holding, while ArcelorMittal Italia became Acciaierie d'Italia.

voda 18 mei 2022 07:05

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Report Suggests Revival of Ramsarup Industries under New Owners

Strategic Research Institute
Published on :
18 May, 2022, 6:35 am

The Telegraph reported that Kolkata based pig iron, billet & pellet producer Ramsarup Industries Limited, which has been lying closed for the last 10 years, will be revived and resume operations under new owners, following a bankruptcy resolution process. The report quoted sources as saying that “The Company’s takeover by Shyam Metalics & Energy Limited has been approved by the Indian Supreme Court and Ramsarup's operations will resume following a fresh infusion of capital.”

Ramsarup is one of the rare instances under India’s Insolvency & Bankruptcy Code, 2016 where the corporate entity itself approached the National Company Law Tribunal to initiate the resolution process as it was unable to pay its dues to the creditors. By the time CIRP was initiated on 8 January 2018, a change took place in the year-old law, barring the promoters of defaulting companies to come up with a resolution plan under section 29A of IBC. With promoter Mr Asish Jhunjhunwala out of contention, a consortium of Shyam Sel & Power Ltd and SS Natural Resources Pvt Ltd, part of Shyam Metaliks Group, was declared a successful resolution applicant in September 2019. INR 351 crore upfront payments translated to a 94% haircut for the financial creditors who had an admitted claim of INR 5,853.09 crore in Ramsarup. The plan was approved with a 74.4% majority by the committee of creditors. However, eight appeals were filed before the National Company Law Appellate Tribunal which was dismissed only in March 2021. Soon thereafter an asset reconstruction company objected to it and appealed again before the NCLT seeking liquidation of Ramsarup. The appeal was subsequently rejected by the NCLT, NCLAT and finally the Supreme Court, paving the way for the revival of the sick enterprise.

Mr NG Khaitan and Mr Sounak Mitra of solicitor firm Khaitan & Co assisted Shyam Metaliks all along.

Ramsarup Industries has steelmaking facilities in the eastern state of West Bengal, which include a blast furnace, a pellet plant, pig iron and billet plants, along with a dedicated railway siding. The principal unit of Ramsarup is located on a 350-acre plot in Kharagpur. It has a blast furnace, pellet plant, pig iron and billet plant apart from a railway siding. It also has a wire rope unit in Durgapur and facilities in Kalyani and Shyamnagar.

The acquisition will propel Shyam Metaliks, which came out with a successful IPO in 2021, expand its manufacturing base. The company now has two principal units in Jamuria and Sambalpur, manufacturing pellet, billet, rebar and pig iron.

voda 18 mei 2022 07:07

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Kobe Steel to Launch Low CO2 Emission Kobenable Steel

Strategic Research Institute
Published on :
18 May, 2022, 6:38 am

Japanese steel maker Kobe Steel announced the launch of Kobenable Steel to become Japan’s first provider of low CO2 blast furnace steel products with significantly reduced CO2 emissions during the blast furnace iron making process. The Company plans to start selling the new products this fiscal year. Kobenable Steel is based on the KOBELCO Group's CO2 Reduction Solution for Blast Furnace Iron making. It utilizes a technology that can significantly reduce CO2 emissions from the blast furnace, which was demonstrated by charging into the blast furnace at the Company’s production site Kakogawa Works a large amount of HBI produced by the MIDREX Process

Kobe Steel plans to launch Kobenable Steel in two product categories

A. Kobenable Premier – 100% Reduction Rate of CO2 emissions per tonne as compared with conventional products

B. Kobenable Half - 50% Reduction Rate of CO2 emissions per tonne as compared with conventional products

Kobenable Steel, manufactured in the same process as the conventional blast furnace method, has the following two features.

1. Kobenable Steel is available for all types of steel products (steel sheet, steel plate, wire rod & bar products) manufactured at Kakogawa Works and the Kobe Wire Rod & Bar Plant.

2. Customers can continue to use blast furnace steel products that require high quality, such as special steel wire rods and ultra-high-tensile strength steel, which are the Company’s strengths.

For commercialization, reduction rates of CO2 emissions are calculated using the mass balance methodology in which CO2 reduction effects are allocated to specific steel products, in accordance with ISO 20915. The calculation method and results are certified by the DNV Business Assurance services UK Ltd, a third-party certification body in the UK. At the time of the sale of the products, Kobe Steel will provide the customer with a third-party certificate issued by DNV and a low-CO2 steel product certificate issued by the Company

Kobe Steel had successfully demonstrated CO2 Reduction Solution for Blast Furnace Iron making at a 4,844 cubic meters blast furnace of the Kakogawa Works in Hyogo Prefecture in Japan in October 2020. The quantity of CO2 emissions from the blast furnace is determined by the Reducing Agent Rate or the quantity of carbon fuel used in blast furnace iron making. In the demonstration test, it was verified that RAR could be stably reduced from 518 kg per tonne hot metal to 415 kg per tonne hot metal by charging a large amount of hot briquetted iron produced by the MIDREX Process. The results indicate that this technology can reduce CO2 emissions by approximately 20% compared to a conventional method. In addition, the world's lowest level of coke rate of 239 kg per tonne hot metal was achieved in the demonstration test of this technology.

CO2 reduction cost using this technology is calculated as follows

A. Quantity of HBI charged x HBI price

B. Quantity of iron ore reduced x iron ore price

C. Quantity of reduetant reduced x reduetant unit price EQUALS Quantity of coke reduced x coke price MINUS Quantity of pulverized coal x pulverized coal price

D. Quantity of CO2 reduced is the quantity of reduetant reduced x CO2 emission factor

CO2 reduction cost EQUALS {(A-B-C)/D} PLUS Equipment & Other costs

voda 18 mei 2022 07:07

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AMNS India Awaits Environment Clearances for Steel Plant in Odisha

Strategic Research Institute
Published on :
18 May, 2022, 6:41 am

PTI reported that ArcelorMittal Nippon Steel India CEO Mr Dilip Oommen has said that AMNS India is awaiting forest and environment clearances to take forward the process to set up a 12 million tonne Greenfield steel plant in Odisha. He told PTI “We have already applied for the necessary approvals like forest and environment clearances and waiting for it as such processes take time.”

AM/NS India had signed a memorandum of understanding with the Odisha government for setting up the project in Kendrapara with an investment of INR 50,000 crore. In May 2021, AMNS India had informed about initiating a feasibility study for the project. It had said that the company has initiated, in coordination with the Government of Odisha: a feasibility study, securing relevant permissions, land acquisition, developing logistics infrastructure and other enabling conditions to plan for the project construction. The report was submitted to the Odisha government in the October-December quarter of 2021.

voda 18 mei 2022 07:08

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SAIL Supplies Special Steel for Warships INS Udaygiri & INS Surat

Strategic Research Institute
Published on :
18 May, 2022, 6:44 am

Indian state owned steel giant Steel Authority of India Limited has supplied 4300 tonnes of special steel for India’s two indigenous navy warships INS Udaygiri & INS Surat, launched by India’s Defence Minister Mr Rajnath Singh at Mazagon Docks Limited in Mumbai. The steel supplied by SAIL comprises DMR 249A grade Plates and HR Sheets. The entire quantity of steel has been supplied from SAIL’s Bokaro, Bhilai and Rourkela Steel Plants. Earlier, SAIL had supplied special quality steel for India’s various defense projects including INS Vikrant, INS Kamorta among others.

ArcelorMittal Nippon Steel India also tweeted that “The ceremonious launch by @rajnathsingh is a momentous occasion. @AMNSIndia is proud to have supplied steel for INS Surat, an indigenous warship by @MazagonDockLtd. In the past, we did so for INS Visakhapatnam, INS Mormugao, and INS Imphal.”

INS Udaygiri, named after Udaygiri mountain range in the state of Andhra Pradesh, is the third ship of Project 17A Frigates. It is the new version of the Leander class ASW frigate with better stealth features, advanced weapons, sensors & platform management systems.

INS Surat is the fourth ship of Project 15B Destroyer and has been built using the Block construction methodology which involved hull construction at two different geographical locations and has been joined together at Mazagon Docks.

voda 18 mei 2022 07:09

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ThyssenKrupp Fears Russian Gas Supply Cut Led Disrupptions

Strategic Research Institute
Published on :
18 May, 2022, 6:47 am

Handelsblatt reported that despite posting best ever adjusted EBIDTA of EUR 479 million in January-March 2022 quarter, ThyssenKrupp's steel division CEO Mr Bernhard Osburg is concerned about the future as the fear that the war in Ukraine could lead to an interruption in German gas supplies weighs heavily at the Duisburg site. Mr Osburg told Handelsblatt “If we can cover less than 50% of our current gas requirements, it will be difficult to maintain stable production. This means a high risk because many systems are designed for continuous operation. A coking plant, for example, cannot be shut down at short notice without causing major economic damage.”

Germany, which has long remained the largest buyer of Russian natural gas, has stated as fact what's long been among its greatest 'worst case scenario' fears, that Russia is using its energy exports as a weapon. However, Moscow is arguing that its latest actions to reduce supplies, estimated at this point to have been at about a 3% reduction of normal deliveries, is a natural and inevitable response to Germany seizing Gazprom subsidiaries in the country to ensure supply against the backdrop of the Ukraine invasion. This after Gazprom Germania was seized by the German state amid heightened pressure for European companies to cut off relations with Russian entities. As a result, like many other German companies from the energy intensive industry, ThyssenKrupp is running through various scenarios so that it can react quickly to a changed supply situation in an emergency.

After Russia cut off gas supplies to Poland and Bulgaria in April, the Commission is asking EU member states to prepare for a full scale supply shock. In a policy document due to be adopted on 18 May, the European Commission has urged EU member states to step up preparations for a full disruption of Russian gas supplies by considering emergency measures like a temporary cap on gas prices. The draft says “While previous measures adopted in the Autumn were calibrated to address a situation of sustained high gas prices, a different set of measures may become worth considering in the event of a sudden large scale or even full disruption of the supplies of Russian gas leading to unbearably high gas prices and inadequate supply of gas. First among the new measures envisaged is a direct market intervention with a maximum regulated price for natural gas delivered to European consumers and companies.”

Also, the European Commission sent its revised guidelines to member states, signaling that sanctions against Moscow do not prevent gas importers from opening new bank accounts. That means payments, satisfying Russian President Mr Vladimir Putin’s demands, could be made. Russia had asked companies to accept a new transaction method that would involve opening two accounts at Gazprombank, one in euros or dollars and another one in rubles.

voda 30 mei 2022 07:37

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SAIL VISP Worker Union Meets Shivamogga MP Seeking Revival

Strategic Research Institute
Published on :
30 May, 2022, 6:01 am

The Hindu reported that the workers of Steel Authority of India Limited’s Visvesaraya Iron & Steel Plant in Bhadravati of Shivamogga District in Karnataka have urged the Union Government to revive the plant, instead of going for disinvestment. The workers believe the unit could make a profit if it was revived by investing about INR 300 crore from the Steel Authority of India Limited. VISL Workers Association recently met Shivamogga Lok Sabha Member of Parliament Mr BY Raghavendra and submitted a memorandum in this regard. The MP is said to have assured the workers that he would meet the Ministers and officers at the Centre in this regard.

The Union Government decided on disinvestment of the VISL in 2016 and a notification was issued in 2018.

Visvesvaraya Iron and Steel Plant is a plant involved in the production of alloy steels and pig iron. The Iron Works were started by Nalvadi Krishnaraja Wodeyar, the king of Mysore, under the guidance of his Diwan, Sir M Visvesvaraya in 1923. The main objective was to tap the rich iron ore deposits near Kemmanagundi in the Baba Budangiri hills and manufacture pig iron and other products. In 1962, the name was changed to The Mysore Iron and Steel Limited and the factory was converted into a Government company jointly owned by the Government of India and the Government of Karnataka with an equity share ratio of 40:60 respectively. The year 1962 also saw the establishment of a new steel plant which could produce steel using the relatively new L D Process. In order to honor its founder, the company was renamed as Visvesvaraya Iron and Steel Limited in 1975. In 1989, it was taken over by the Steel Authority of India as a subsidiary entity and in 1998, VISL was merged into SAIL.

At present, there are about 280 permanent employees and 1,340 contract laborers. The production activities had increased due to inter-plant transfer orders, besides the orders from Railways. The turnover has increased by INR 400 crore per annum and the loss has come down substantially.

voda 30 mei 2022 07:38

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Gerdau Selects Remsoft Optimization Technology for Forest Business

Strategic Research Institute
Published on :
30 May, 2022, 6:04 am

Brazilian steel maker Gerdau has implemented Remsoft Optimization technology to support integrated forestry planning for optimal forest formation and wood delivery to its carbonization plants. To help address the high level of complexity across their forestry operations, the company is using Remsoft Optimization technology for integrated optimized forestry planning. Using Remsoft Optimization technology has enabled Gerdau to plan its forests and wood delivery to its carbonization units in the most sustainable and competitive way possible. The Gerdau team can analyze different scenarios to maximize results, meet restrictions, minimize risks and capture opportunities.

Remsoft solutions are of great relevance to Gerdau’s forestry operations, as they consider the main assumptions of our business to optimize short, medium and long-term actions, and result in more agile and assertive decision-making

Founded over 121 years ago, Gerdau is the largest Brazilian steel producer and one of the main suppliers of long steel in the Americas and special steel in the world. The company is also the world’s largest producer of charcoal, from planted forests in Brazil. Gerdau has 254,000 hectares of forest base, destined for eucalyptus plantations and preservation areas. It has more than twenty carbonization plants and is the world’s largest producer of charcoal from planted eucalyptus forests in Brazil.

Remsoft is an intelligence software leader that helps forestry organizations plan with precision, act with confidence and adapt to change. Success in complex and ever-changing business environments requires more agile and accurate decision making. It is critical to be able to make data-driven decisions that consider and balance diverse objectives, constraints, priorities and changing scenarios to mitigate risks over time. Remsoft Optimization technology utilizes prescriptive analytics to manage planning and scheduling complexity for land, forest development and wood supply. With Remsoft Optimization, you can improve decisions, maximize performance and create competitive advantage for your forestry business, in a sustainable way, over time.

voda 30 mei 2022 07:40

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Steel Manufacturers Business Group Established in UAE

Strategic Research Institute
Published on :
30 May, 2022, 5:50 am

Khaleej Times reported that Dubai Chamber of Commerce has announced the establishment of Steel Manufacturers Business Group, which aims to unify the voices of iron and steel companies, address common challenges and boost the sector’s competitiveness. The new business group recently held its first meeting at the chamber’s headquarters, which was attended by Steel Manufacturers Business Group Chairman Mr Bharat Bhatia & Dubai Chamber of Commerce Vice President of International Relations Mr Hassan Al Hashemi. The meeting outlined new plans and priorities to support the growth of companies operating in the iron and steel industry.

Mr Al Hashemi stressed the significance of the group provides the right platform for industry players to voice their concerns, share knowledge and recommend policy changes to improve the business environment. He said “The establishment of the group is a prime example of the close and seamless collaboration between the public and private sectors in Dubai, which remains one of the emirate’s top competitive advantages.”

Mr Bhatia said “Being CEO and founder of Conares, the second largest private steel manufacturer in Gulf, I am extremely proud and happy to lead the manufacturers group. The purpose of SMG is to help keep the steel market efficient in Dubai and the Northern Emirates, in order to meet the domestic and regional demands, balancing the supply and demand equation. Our major focus would be inviting the trading community group to have a hand and glove relationship and support the local market adjusting the desire of the traders. Our purpose is to develop a positive relation between manufacturers and traders in favour the economy.”

Mr Bhatia added that the group will share insights about the steel industry touching several topics like rebar imports, market trends, product costing, promote local products as it will help the members raise the key market issues to the authorities, and keep the steel market efficient in the UAE and meet the domestic, regional demand, balancing the supply and demand equation.

voda 30 mei 2022 07:40

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Stalprofil Posts Higher Revenues for Jan-Mar Quarter

Strategic Research Institute
Published on :
30 May, 2022, 5:54 am

Poland based Stalprofil has recorded PLN 39.72 million of consolidated net profit attributable to shareholders of the parent company in January – March 2022 quarter against PLN 16.08 million of profit a year earlier, while the operating profit amounted to PLN 53.02 million versus PLN 23.95 million profit a year earlier & consolidated sales revenues reached PLN 603.1 million as compared to PLN 423.16 million a year earlier.

The company indicated that the direct impact of the war in Ukraine on the steel and infrastructure segments of the group in Q1 of 2022 was not significant. Stalprofil said “The direct impact of the war in Ukraine on the situation of the company and the group in Q1 2022 was related to the export and import of steel products to and from Russia, Belarus and Ukraine. Exposure of the Stalprofil SA capital group in these directions in 2021 on the purchasing and sales side, it did not exceed 1% of the total turnover of the group. Also in Q1 2022, both purchases and sales in these directions, before the sanctions were introduced, were not significant.”

Stalprofil added “In the market of gas transmission network infrastructure, the execution of contracts is timely. There are no disruptions in the delivery of insulated steel pipes by the company and no significant problems with meeting schedules on the gas pipeline construction market.”

Since its establishment in 1988, Dabrowa Górnicza based Stalprofil SA has been part of the Polish steel industry. Today, the company is one of the major steel distributors in Poland, selling steel products to domestic and foreign markets. Its solid and recognized brand makes Stalprofil a valuable business partner for customers in Poland and abroad. Stalprofil uses two warehouses in Dabrowa Górnicza and Katowice, which are one of the largest in Poland. Located in the north and south of Slasko-Dabrowska conurbation, they leverage the logistics of the Company, facilitating access to customers. Since 2000 Stalprofil has been listed in the Warsaw Stock Exchange.

voda 30 mei 2022 07:41

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ArcelorMittal North America CEO Mr John Brett Awarded Gary Medal

Strategic Research Institute
Published on :
30 May, 2022, 5:58 am

The American Iron and Steel Institute announced ArcelorMittal North America CEO Mr John Brett was awarded the US steel industry’s highest honor the Gary Memorial Medal at AISI’s General Meeting in Washington DC. The citation to Mr Brett from the AISI Board of Directors reads “For his exceptional leadership, strategic thinking and commitment to advancing public policy issues critical to the future of the steel industry. For his passion, energy and drive in leading the Institute through a dynamic, challenging period with a global pandemic, and economic and national security in the forefront; and, for his dedication to amplifying our industry’s voice and our commitment to a sustainable economy with steel as the solution of choice.:

Mr Brett was appointed CEO ArcelorMittal North America in January 2021. He joined the group at former Inland Steel in 1988 as an associate accountant, and progressed to become a manager specialising in financial analysis and systems in 1997. In 1998, Mr Brett took on the role of controller for Ispat Inland Steel and in 2005, he was promoted to vice president, finance and planning and controller for Mittal Steel USA. In 2012 Mr Brett was appointed executive vice president finance, planning and procurement for ArcelorMittal USA. Prior to becoming CEO ArcelorMittal North America, Mr Brett was CEO ArcelorMittal USA.

Mr Brett holds an MBA from the University of Chicago and is a graduate in economics from the DePauw University.

Mr Brett is a former chairman of the AISI Board of Directors and has held numerous other leadership roles on the AISI Board.

Bijlage:

voda 30 mei 2022 07:43

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Hyundai Steel to Deploy Hy-Cube Electric Arc Furnaces

Strategic Research Institute
Published on :
27 May, 2022, 6:16 am

The Korea Herald reported that South Korean steel maker Hyundai Steel has set up its new and unique steel production system using an electric furnace called Hy-Cube, with a goal to produce low-carbon, high-quality steel products toward 2030. Hy-Cube refers to Hy3 or Hyundai Hydrogen Hybrid, a process of melting raw iron material to remove impurities when adding new components by using a new electric furnace concept called Hy-Arc. Hyundai Steel will also leverage IT technology such as artificial intelligence to flexibly apply original raw materials for electric furnaces, hydrogen-reduced iron and carbon-neutral molten iron in the manufacturing process.

With this new electric furnace, Hyundai Steel plans to minimize carbon emissions by using scrap iron, molten iron and direct reduced iron for production of high-quality plate materials like automotive steel. Such a process also emits about 25% less carbon compared to steelmaking with a blast furnace.

Established in 1953, Hyundai Steel is headquartered in Incheon and Seoul in South Korea and is a member of the Hyundai Motor Group. Hyundai Steel is the world's second-largest EAF steel producer after Nucor of US and operates six factories in Incheon, plus sites in Dangjin (3 blast furnaces, Hot coil, CR & plate mill), Pohang (EAF), Suncheon (CR mill), Ulsan (pipemill) and in China's Chungdo province. It manufactures a wide variety of products ranging from H-beams, rail and reinforcing bars, to hot coil, cold-rolled steel, and stainless cold-rolled sheet.

voda 30 mei 2022 07:43

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Chhattisgarh CM Wont Allow NMDC Nagarnar Steel Plant Privatization

Strategic Research Institute
Published on :
27 May, 2022, 6:19 am

The Hitvada reported that Chhattisgarh Chief Minister Mr Bhupesh Baghel said that the State Government would not let NMDC’s under construction steel plant at Nagarnar in Bastar district go into private hands. Addressing villagers during his ‘Bhent Mulakat’ program at Nangpur under Jagdalpur assembly constituency of Bastar district, Chief Minister said “The State Government would not allow the Nagarnar Steel Plant to be sold under any circumstances. Whether it is run by the Central Government or run by the Chhattisgarh Government. I have always been associated with the concerns of the local people in Nagarnar. I have staged dharna and took out ‘padyatra’ to oppose the Central Government’s decision to privatise the Nagarnar Steel Plant.”

NMDC is setting up a 3 million tonne per annum capacity greenfield Integrated Steel Plant based on Hi-Smelt technology in Nagarnar, located 16 km from Jagdalpur in Chhattisgarh state with an estimated outlay of INR 21500 crore. NMDC expects to begin operations from July 2022 and start producing HRC & plates etc

The Cabinet Committee on Economic Affairs had in November 2016 given its go-ahead for NMDC to offload 51% equity in the Nagarnar steel plant in favor of a private company. The process for strategic divestment of NMDC's Nagarnar Steel plant in Chhattisgarh has kicked-off. Preliminary activities such as the appointment of Transaction Advisor, Legal Advisor and Asset Valuer have been completed and they have started collecting details. The Department of Investment and Public Asset Management has prepared strategic divestment plan NMDC Ltd is expecting to complete the demerger process by Jun.

voda 30 mei 2022 07:44

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ArcelorMittal Plans Green DRI Plant in Mauritania with SNIM

Strategic Research Institute
Published on :
27 May, 2022, 6:22 am

Global steel giant ArcelorMittal has signed a non-binding Memorandum of Understanding with SNIM, an iron ore mining company based in Mauritania, to evaluate the opportunity to jointly develop a pelletization plant and a DRI production plant in Mauritania. A pre-feasibility study will now be carried over the next four to six months to give better insight into the viability of the potential project which would take advantage of Mauritania’s potential for renewable electricity generation and green hydrogen production. DRI produced using green hydrogen will be a vital metallic for transitioning the steel industry to net zero.

The metal produced from green hydrogen will represent an important step in the transition of the steel industry towards zero carbon and will contribute to the economic development of the Region.

SNIM is the second largest African producer of iron ore and a major player in the country's economy. The company operated a mining center at the northern town of Zouerate, three open pit iron ore mines at Guelb el Rhein, Kedia d’Idjill, and M’Haoudat in northern Mauritania, port facilities at Nouadhibou on the Atlantic coast, and a railway that linked the mining center to the port facilities.

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voda 30 mei 2022 07:45

0

POSCO to Leverage HyREX Technology for Decarbonization

Strategic Research Institute
Published on :
27 May, 2022, 6:26 am

produced directly in a blast furnace. The high-tech growth strategy was introduced at HyIS 2021: Hydrogen Iron & Steel Making 2021, the world's first international forum that presented the green steelmaking method to POSCO's global peers last October in Seoul. POSCO plans to explore ways to commercialize the technology by 2030 for a gradual yet full replacement of current fossil-fuel steelmaking facilities with the new, green models.

The FINEX Process combines coking plant, sinter plant and blast furnace into a single iron making unit where non-coking coal can be used directly as a reducing agent and energy source, 100% fine ore can be directly charged to the process without sintering or pelletizing and pure oxygen can be used instead of nitrogen-rich hot blast. The FINEX Process was jointly developed by POSCO in Korea and Primetals Technologies in Austria. Starting in December 1992, POSCO and Primetals Technologies signed a cooperation agreement for the joint development of the FINEX Process. Following initial laboratory, bench scale and pilot plant tests, the FINEX F-0.6M Demonstration Plant, with a nominal capacity of 2,000 tonnes per day, was built in Pohang in Korea, and started up in May 2003. On the basis of successful results and optimization of equipment and process parameters over the past few years, POSCO developed their own independently designed program in February 2017. Designed to carry out overseas FINEX projects without relying on Primetals Technologies or other external resources, the program can be used to calculate core equipment specifications and raw material conditions. In particular, the development of the FINEX Process Design Program, one of the subprograms, has made it possible for the “heat & mass balance” to be automatically calculated when raw & fuel material conditions change.

POSCO claims that FINEX, along with COREX smelting process developed by Primetals, is the only commercial proven alternative steelmaking process to the blast furnace route. FINEX is based on the direct use of iron ore fines and non-coking coal while eliminating the coke-making and sintering processes, which are most critical to the conventional blast furnace process. Combining these two decisive advantages leads to lower production costs and the reduction of environmental emissions in comparison with the conventional blast furnace route.

voda 30 mei 2022 07:46

0

First Movers Coalition Pledge at WEF Include Steel Decarbonization

Strategic Research Institute
Published on :
27 May, 2022, 6:28 am

The World Economic Forum is partnering with the US Special Presidential Envoy for Climate Mr John Kerry and over 50 global businesses to invest in innovative green technologies. These financing commitments will ensure new technologies are available for scale-up by 2030 and make a critical contribution to achieving net-zero emissions by 2050. The companies, whose collective market value exceeds USD 8.5 trillion across five continents, have sent the largest market signal in history to commercialize emerging clean technologies by making advance purchase commitments by 2030 for near-zero carbon steel, aluminium, shipping, trucking, and aviation as well as negative emissions through advanced carbon dioxide removal technologies.

During the World Economic Forum Annual Meeting 2022 in Davos, First Movers Coalition members Alphabet, Microsoft and Salesforce collectively committed USD 500 million to carbon dioxide removal. Through the Coalition, these companies collaborate with other private sector members such as AP Møller Mærsk, Amazon, Apple, Bank of America, FedEx, National Grid, Ford Motor Company, Mahindra, SSAB Swedish Steel, Trafigura, Vattenfall, Volvo Group, Yara International, Western Digital and many more. Denmark, India, Italy, Japan, Norway, Singapore, Sweden and the United Kingdom have joined the US as government partners to create early markets for clean technologies through policy measures and private sector engagement.

The coalition has committed to delivering impact in six sectors by 2030:

Carbon dioxide removal

Aluminium

Aviation

Shipping

Trucking

Steel

For instance, Ball Corporation, Ford Motor Company, Novelis, Trafigura and Volvo Group have committed that 10% of primary aluminium purchases by 2030 will have near-zero carbon emissions. This can only be achieved by producers who use advanced technologies that are not yet commercially available.

Since it was launched at COP26, the First Movers Coalition has brought together global companies with supply chains across carbon-intensive sectors. They range from major consumer goods firms that ship, truck and fly their products, to renewable energy companies that use steel to build wind turbines.

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