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voda 9 september 2022 06:39

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UK’s Steel Construction Sector hit with another Section Price Hike

Strategic Research Institute
Published on :
9 Sep, 2022, 6:37 am

Steel construction industry in UK has been hit hard with two major steel section suppliers British Steel & ArcelorMittal Commercial UK hiking prices by GBP 150 per tonne last week citing energy prices. This hike adds to 15 August increase of GBP 100 & GBP 250 in March taking total increase to GBP 500 or USD 578 or INR 46,000

On the other hand, Thirsk UK based structural steel leader Severfield said that its performance in the first five months of the 2023 financial year has been strong, with several ongoing contracts expected to deliver significant profits in H2. Severfield said “UK and Europe order book stands at GBP 483 million on 1 September, of which GBP 363 million is for delivery over the next 12 months. 97% of the order book represents projects in the UK, with the remaining 3% representing projects for delivery in Europe and the Republic of Ireland.”

Severfield added that it is also seeing a strong pipeline of further potential opportunities in the UK and in continental Europe, and it remains well positioned to take advantage of many of these. It said “Given the Group’s performance to date and the current visibility of future workload for delivery in the remainder of the 2023 financial year, we continue to expect to deliver further progress and a full year performance which is in line with our previous expectations.”

voda 9 september 2022 06:45

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China Holds Hydrogen Metallurgy Technology Conference in Chongli

Strategic Research Institute
Published on :
9 Sep, 2022, 6:39 am

World’s first Hydrogen Metallurgy Technology Exchange Conference was held in Chongli, the beautiful city of Winter Olympics, in Hebei Province of China on 2 September 2022. Well known academicians, experts, industrial association and enterprise representatives attended the conference and discussed about the development of green & low carbon steel industry, guide and regulate the standardization of hydrogen metallurgy application in steel industry, and to carry out in-depth research on hydrogen energy and hydrogen metallurgy technology and the application of engineering projects, promote a better and faster development of hydrogen metallurgy technology in China and the world, provide a Chinese plan and make greater contributions to the low-carbon, green and high-quality development of the world steel industry and the construction of a community with a shared future for mankind.

World Steel Development Research Institute President & Director of recently established Hydrogen Metallurgy Standards Joint Working Team Mr Yu Yong said that “Hydrogen has the potential to be the cleanest energy of 21st century and it was an important part of a country’s energy strategy. The establishment and the first conference of Hydrogen Metallurgy Standards Joint Working Team is an important step of the standardization of hydrogen metallurgy of China steel industry. It will lead the high quality of hydrogen metallurgy technologies and green development of steel industry and promote China steel industry to meet the goals of carbon peaking and carbon neutralization in time.”

Mr Yu Yong added “HBIS had been steadily implementing the Xi Jinping Ecological Civilization Thoughts and had first released in the industry take the lead in the implementation of Low Carbon & Green Development Initiative, particularly chose hydrogen energy to pursue the revolutionary innovation and breakthrough of low carbon metallurgy technologies and lead the hydrogen applications in steel industry, providing the HBIS Plan for green and low carbon development of world steel industry.”

Yu Yong concluded “Hydrogen metallurgy is a frontier technology of steel industry and the standardization of hydrogen metallurgy could support and lead the further innovations. The conference could enable the community to reach new consensus to resolve key and core technologies. With this team, hydrogen metallurgy will get better and help the low carbon & green development of world steel industry and build a Community of Shared Future for Mankind, providing a Chinese Plan.”

More than 200 representatives from domestic and foreign steel enterprises, upstream and downstream enterprises of the steel industry chain, universities, research institutions, and experts, researchers and media journalists attended the meeting.

Hydrogen Metallurgy Standards Joint Working Team was also established on 2 September 2022. Academician of Chinese Academy of Engineering Gan Yong, Academician of Mr Yu Yong became the first director of Hydrogen Metallurgy Standards Joint Working Team, Gan Yong, Zheng Jinyang, Ma Lincong are the consultants of the team. Huang Dao, Zhang Longqiang, Lin Ling,Zhang Jianliang from Metallurgy Institute Chairman of USTB, Li Jian,low carbon supervisor from Baosteel Central Research Institute are appointed as deputy directors of the team.

voda 9 september 2022 06:46

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Thyssenkrupp Accelerating Green Steel Transformation

Strategic Research Institute
Published on :
9 Sep, 2022, 6:39 am

German steel giant Thyssenkrupp has laid the foundation for investments of more than EUR 2 billion to enter the green transformation. The Executive Board of thyssenkrupp AG has established the prerequisite for this by releasing the corresponding capital resources for the construction of the first direct reduction plant at the Duisburg site. The Supervisory Board of thyssenkrupp AG supports this decision. The major project remains subject to public funding. With a capacity of 2.5 million tonnes of direct reduced iron, the first plant will be larger than initially planned. In this way, thyssenkrupp is accelerating the start of low-CO2 steel production and making an important contribution to achieving national and European climate targets. At the same time, the increasing demand for climate-friendly steel is being taken into account and the ramp-up of the hydrogen economy is being accelerated.

As part of its tkH2Stee transformation project, thyssenkrupp Steel has developed an innovative and technologically leading concept for decarbonizing steel production. The coal-based blast furnaces will be replaced by hydrogen-powered direct reduction plants. The iron produced there, which will have been directly reduced with hydrogen, will be liquefied for the first time in downstream, specially developed melting units to produce high-quality hot iron. All subsequent production steps can take place in the existing plant structure, including the steel mills, thus enabling an efficient transformation. In the new plant concept, the entire premium product portfolio can thus be produced with low CO2 emissions without compromising on quality. tkH2Steel thus represents an efficient and exemplary path towards climate-friendly steel production.

By as soon as 2030, thyssenkrupp us planning for around 5 million tonnes of low-CO2 steel, which will deliver CO2 savings of well over 30%. The now imminent construction of one of the largest hydrogen-powered direct reduction plants planned to date will also generate innovation and employment in the Ruhr region and beyond. The intelligent combination with newly developed melting units can serve as a model for many other decarbonization projects in the steel industry worldwide.

voda 9 september 2022 07:00

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ArcelorMittal Poland to Idle BF 3 at Dabrowa

Strategic Research Institute
Published on :
9 Sep, 2022, 6:52 am

The management of ArcelorMittal Poland has made a decision about reducing production. This decision was made after a careful and thorough analysis of the deteriorating conditions of the in recent weeks, the situation on the market. As a result of this decision, at the end of September, the company will stop blast furnace No 3 in the Dabrowa steelworks in Poland. Stopping one blast furnace from two working blast furnaces will mean a slowdown in production in the processing part due to the changing conditions. ArcelorMittal Poland CEO Mr Frederik Van De Veld said “The market situation in Europe weakened further over the summer. We are seeing a decline in demand, and the order portfolio is below the level of technological work of at least two blast furnaces.”

1. The reduction in production is due to several factors

2. A slowdown in economic activity in Europe

3. Customer retreat from storage, increasing imports from outside the European Union

4. Rising gas and energy prices

Prices of CO2 emission allowances, which do not apply to steel producers outside the European Union, achieved a record high this year, make steel production in Europe a competitive

This is 25th announcement of production cut since August in Europe.

voda 9 september 2022 07:01

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SKF Produces Crane Bearing using Green Steel from Ovako

Strategic Research Institute
Published on :
9 Sep, 2022, 6:54 am

Gothenburg Sweden headquartered global leader in bearings SKF' has announced that a significant milestone has been reached in SKF's journey towards a net-zero value chain. Together with Swedish steel producer Ovako, SKF has produced a Spherical Roller Bearing with 90% less emissions than its standard SRB bearing. The bearing is manufactured in SKF's net zero factory in Gothenburg and uses recycled steel from Ovako's Hofors mill. As an illustration of the companies' collaboration, the bearing has already been installed in a crane at the Hofors mill, where it is one of hundreds of connected bearings that enable smoother operations and less unplanned downtime.

The Gothenburg factory is the third SKF factory to achieve net zero status, part of the Group's ambitions to achieve net zero emissions across all its operations by 2030. Thanks to a series of process improvements and investments, Ovako has achieved carbon-neutrality for all its global operations, based on a 97% recycled content and fossil-free electricity.

As well as working with suppliers to reduce the carbon footprint of scrap-based steel production, SKF is also working with a range of partners to help realize dramatic reductions and, eventually, net zero emissions from iron ore-based steel production.

voda 9 september 2022 07:02

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Acciaierie di Sicilia to Suspend Production in Catania over Energy

Strategic Research Institute
Published on :
9 Sep, 2022, 6:56 am

La Repubblic reported that Italian steel maker Alfa Acciai’s rebar maker Acciaierie di Sicilia in Catania in Italy has been hit by energy crisis. Just one week of operation, the company announced a two week shutdown due to unsustainable energy costs and a consequent drop in orders. Acciaierie di Sicilia had already stopped the production lines in June and July and then had blocked the plants for the whole month of August, leaving the approximately 500 employees at home.

Now a new stop that will also have repercussions on supplies to construction companies already struggling with the scarcity of materials.

Acciaierie di Sicilia has a production capacity of about 500,000 tonnes of rebar. Acciaierie di Sicilia is equipped with an electric-arc furnace and a rolling mill producing billets and reinforcing steel in bars and coils, by smelting ferrous scrap.

The electric-arc furnace feeds a continuous caster that produces 6-12 metre-long billets with a square cross section of 130x130 mm for in-house rolling and for sale.

This is 24th announcement of production cut since August in Europe

voda 9 september 2022 07:03

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Remarkable Progress Reported for Steel Industry in Hebei Province

Strategic Research Institute
Published on :
9 Sep, 2022, 6:59 am

Xinhua reported that to Hebei's Industry & Information Technology Department said that China's top steel producing Hebei Province has seen its steel production capacity down from 320 million tonnes at its peak to below 200 million tonnes over the past decade and that number of steel mills been slashed from 123 about 10 years ago to the current 39 and 15 steel companies have moved away from urban areas.

While the outdated capacity has been reduced, steelmakers that remain operational have upgraded their technology and equipment to save energy and cut pollution. Hebei Iron & Steel Group has adopted more than 130 advanced t

Hebei once accounted for 25% of China's total steel production and was home to 7 of the country's 10 most polluted cities. As China deepens supply-side structural reform for high-quality growth, Hebei, which neighbors Beijing, has made headway in cutting overcapacity and pollution, and in the pursuit of green and balanced development. From 2013 to 2021, the average PM2.5 concentration in Hebei dropped from 104 to 38.8 micrograms per cubic meter, the number of days with good air quality in the province increased from 149 to 269, and heavily polluted days decreased from 73 to nine.

voda 9 september 2022 07:04

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JFE to Decide on CRGO Electrical Steel JV with JSW Steel in 2022

Strategic Research Institute
Published on :
9 Sep, 2022, 6:59 am

Reuters reported that Japan's second largest steel maker JFE Steel aims to decide this year on a joint venture in India with JSW Steel to produce electrical steel sheet used in power plant transformers. Reuters quoted JFE Holdings President Mr Koji Kakigi as saying that “We are thinking of developing a business in the higher-end field, using our technology, to create demand for a grain oriented electrical steel sheet together with JSW.”

He added “Especially, we want to take on the entire operation and maintenance service and wants to become a local O&M contractor for wind turbine makers such as General Electric & Vestas.”

JFE said last year it would conduct a feasibility study on forming a JV with JSW Steel, in which JFE holds 15% stake, to produce the steel sheet as demand for electric power in India was soaring.

Indian Government has announced on 19 August that the last date for receipt of applications under the Production Linked Incentive Scheme for Specialty Steel through the online application window has been extended up to 15 September 2022. The scheme includes electrical steel

Grain-oriented electrical steel usually has a silicon level of 3%. It is processed in such a way that the optimal properties are developed in the rolling direction, due to a tight control of the crystal orientation relative to the sheet. The magnetic flux density is increased by 30% in the coil rolling direction, although its magnetic saturation is decreased by 5%. It is used for the cores of power and distribution transformers, cold-rolled grain-oriented steel is often abbreviated to CRGO. CRGO is usually supplied by the producing mills in coil form and has to be cut into laminations, which are then used to form a transformer core, used in large power and distribution transformers

Limited numbers of steel maker have the technolohy to produce CRGO

Baosteel China

POSCO South Korea

JFE Steel Japan

Nippon Steel Japan

ThyssenKrupp Germany

Stal-Produkt Poland

ArcelorMittal Chech Republic

Tata Steel UK

NLMK Russia

VIZstal Russia

India imports about 300,000-400,000 tonnes of electrical steel every year

voda 9 september 2022 07:11

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ASEAN billet, wire rod markets strengthen
239 Views

The billet and wire rod markets in Southeast Asia are firming, Kallanish notes, with ASEAN mills' production now reported going to Europe.

"This [Europe-bound exports] will have the same effect as when China is buying. Prices are moving up," a Manila trader says.

5sp grade blast furnace billet for November shipment is currently offered at $560/tonne cfr Manila, up $10-20/t from last week. A trader’s position cargo for 5sp billet from the same Indonesian mill sold at $550/t cfr Manila on 7 September. The cargo is due for shipment by 10 November.

Philippine buyers have been shunning imports previously and offers were stagnant at $540-550/t cfr for several weeks. They delayed buying because of depressed rebar demand and volatility in China's steel market. The Indonesian mill was widely heard to have sold 100,000 tonnes of billet late last week at under $520/t fob to the EU and Africa.

The Indonesian mill, together with a Malaysian mill, have also been actively exporting wire rod to the EU. Their export business has helped jump-start offers in a stagnant ASEAN wire rod market. Offers for 6.5mm SAE 1008 blast furnace regional wire rod for November shipment have risen to $595-605/t cfr. This is higher than the level of $585-595/t cfr seen in the last three weeks of August.

Kallanish assessed SAE 1008 6.5mm diameter wire rod on Thursday at $590/t cfr Manila, up $5 on week.

A Philippine trader is unaware of any deals in Manila this week. But he hears the highest booking level achieved for regional SAE 1008 wire rod was $670/t cfr Europe. The Malaysian mill is heard to have sold SAE1006 grade wire rod directly at close to $700/t cfr Spain, a source in North Africa reports. Singapore-based traders estimate that freight from ASEAN to Europe is around $80-90/t.

A Vietnamese mill is asking for bids at $620/t fob Vietnam instead of offering to the market, a trader says.

In Thailand, the Malaysian mill's wire rod is offered at $590/t cif Thailand, unchanged from the past two weeks, Thai trading sources say. However, bids are lower, at $570/t cif Thailand. Freight is $20-25/t depending on tonnage.

Anna Low Singapore

voda 12 september 2022 06:38

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Metinvest Trametal Supplies Steel Plate to Ternopil Service Center

Strategic Research Institute
Published on :
12 Sep, 2022, 6:12 am

Ukrainian steel maker Metinvest’s trading arm Metinvest-SMC has delivered a new batch of Italian hot rolled coil to its metal centre in Ternopil in Ukraine. The manufacturer of the product is Italian subsidiary Metinvest Trametal SPA. Over 1,130 tonnes of sheet have arrived in Ukraine and is already ready for onward shipment. The sheets are supplied in steel grades S235JR+N and S355J2+N in following sizes

10 mm x 2000 mm x 12000 mm

12 mm x 2000 mm x 12000 mm

14 mm x 2000 mm x 12000 mm

16 mm x 2000 mm x 6000 mm

20 mm x 2000 mm x 6000 mm

30 mm x 2000 mm x 6000 mm

40 mm x 2000 mm x 6000 mm

45 mm x 2000 mm x 6000 mm

50 mm x 2000 mm x 6000 mm

In August, Metinvest-SMC arranged the import into Ukraine of scarce thick plate and HRC from its assets in Italy. The total volume of planned deliveries to Ukraine is about 3,500 tonnes. Metinvest-SMC has started supplying HRC for the manufacture of elements used in production of military vehicles in Ukraine.

Traditionally, before the outbreak of war in Ukraine, Metinvest’s Mariupol-based plants would supply plate and HRC to the Italian market, as well as slab for re-rolling at its Italian plants.

voda 12 september 2022 06:38

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Columbia Steel Casting to Close after 121 Years

Strategic Research Institute
Published on :
12 Sep, 2022, 6:13 am

Portland Oregon US based Columbia Steel Casting plans to shut down operations at its north Portland foundry and lay off most of its workforce. The company said 225 employees, many represented by three different unions, would be laid off beginning in October. The closure would be permanent, though the company is in talks with various companies about buying the foundry and maintaining operations. Columbia Steel Casting CEO Ms Martha Cox wrote to employees that “The company has faced fierce competition from overseas competitors, some of them subsidized by their governments. State and local environmental regulations had also put the company at a disadvantage to those competitors.”

Ms Cox also wrote “The fallout from the COVID-19 pandemic had exacerbated the company’s issues, with hang-ups in the global supply chain disrupting shipments to a key customer and travel restrictions putting a damper on sales. The company also struggled to hire and retain employees, even after substantial pay raises.”

She said in an email that production would cease by the end of the year, and a small number of employees would remain to wind down operations.

Columbia Steel was founded in 1901 and claims to be the first steel foundry in the Northwest. It manufactured industrial parts, specializing in high-wear components that need to be replaced from time to time because of grinding, impact or heat. The company today operates out of an 87-acre campus at North Bloss Avenue in Portland, just south of the Columbia Slough. The company has been owned and operated for generations by the descendants of Mr Hobart M Bird, who started as a foundry worker for the company. Ms Cox is his granddaughter.

Columbia Steel manufactures a wide variety of steel and iron parts for basic industry. These are replacement parts for high-wear applications, such as those that take abuse from abrasion, impact, or heat in rock crushers, grinding mills, mine shovels and draglines, electric power plants, cement plants, and metal and waste recycling shredders.

voda 12 september 2022 06:39

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Steel Tube Institute Appoints Ms Holly Schaubert as Director HSS

Strategic Research Institute
Published on :
12 Sep, 2022, 6:16 am

Chicago based US’s steel pipe industry association Steel Tube Institute has announced Ms Holly Schaubert as new Director of Hollow Structural Sections. With a Bachelor of Science and Master of Engineering in Civil and Environmental Engineering from Cornell University, Ms Schaubert also brings 18 years of experience in structural-engineering-related roles, 15 of those years with Nucor companies, including Verco Decking, Nucor Building Systems and Vulcraft, in roles ranging from engineering supervisor, senior research and development engineer and business development lead.

In her previous role with the Vulcraft Verco Group, Schaubert led several collaborative steering committees including a committee for the advancement of technology, a business development committee and collaboration between the Vulcraft Verco Group and Nucor Buildings Group.

The Steel Tube Institute was formed in 1930 when a group of manufacturers joined forces to promote and market steel tubing. Their goal was to mount a cooperative effort to improve manufacturing techniques and inform customers about their products' utility, versatility and competitive advantages. This, along with providing a forum for the discussion of issues impacting the industry, remains the focus of Steel Tube Institute's effort.

voda 12 september 2022 06:39

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European Steel Tube Industry to Grow by 3% in 2022

Strategic Research Institute
Published on :
12 Sep, 2022, 6:18 am

Brussels based the European Steel Association EUROFER in latest Economic and steel market outlook 2022-2023 has said that despite the continued supply chain issues, the fourth quarter of 2021 has confirmed the positive trend of the tube sector, recording the fourth consecutive increase in output by 5% YoY, after 3.9% in the preceding quarter. Over the entire year 2021, the tube sector rebounded by 10.6%, after the severe drop experienced in 2020 due to the pandemic.

The recent recovery of global oil demand (including oil prices, although struggling to rise to levels comparable to other commodities, e.g. natural gas) is not expected to boost the launch or the implementation of new pipelines in the short term. On the other hand, demand from the construction sector is set to recover a bit more robustly, whereas tube demand from the automotive and engineering sectors is forecast to remain relatively weaker. In addition, import pressure on steel tube markets in the EU will remain high, particularly for the commodity segment.

EUROFER said “After a rebound in 2021 of 10.9%, output in the tube sector is expected to grow moderately in 2022 by 3% and also in 2023 by 2.7%.”

voda 12 september 2022 06:40

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EMR & Tata Steel UK Partner for Recycled Materials

Strategic Research Institute
Published on :
12 Sep, 2022, 6:21 am

World’s leading metal and plastics recycler EMR in partnership with steelmaker Tata Steel UK, cement manufacturer Aggregate Industries and specialist mineral processing firm Darlow Lloyd & Sons will explore how the use of recycled materials sourced from the urban mine can create a radical shift for the UK’s foundation industries on the path for net zero. The companies will build a brand-new circular supply chain, developing high-quality grades of recycled steel for the production of low carbon impact green steel. They will also develop sustainable mineral-rich alternatives for the production of cement, utilizing materials such as glass, concrete and other mineral fractions that are separated during the steel recycling process.

Also involved in RECTIFI, Reducing Embedded Carbon through Transformation In Foundation Industries, is Swansea University. They will help the partners to develop rigorous and objective material specifications for the new recycled material grades and provide independently verified, fully transparent bulk materials analysis for those materials, together with life-cycle assessment of the emissions saved during the project. Swansea University will invest in an advanced characterization facility for recycled steel and recovered minerals.

Currently 80% of this recycled material is exported, with millions of tonnes of virgin iron ore imported in its place. This is because the percentage of recycled metal that major UK steelmakers like Tata Steel UK can add is limited, both by their process technology and by the high purity of the recycled metal that they require to make their high specification finished products. Recycled material offers 85% lower embedded carbon when compared with nature-depleting virgin alternatives. EMR has conducted preliminary trials with Tata Steel UK which demonstrate how new grades of recycled steel can be delivered with the chemistry performance required for high-quality low carbon steelmaking, lowering the demand for virgin iron ore.

Meanwhile, EMR and Darlow Lloyd will develop new mineral-rich products produced during the metal recycling and steelmaking processes which can then be used by Aggregate Industries in the production of cement.

EMR will invest in new separation facilities for both recycled steel and recycled minerals. It will also coordinate the project overall, including disseminating the results to inform Government and other businesses in the UK cement and steel supply chain about the project’s achievements. Tata Steel will invest in upgrades to its steelmaking facilities at Port Talbot to accept higher recycled steel inputs.

The steel and cement industries are together responsible for almost a fifth of global carbon emissions (11%* and 7%, respectively). At present the UK consumes approximately 12 million tonnes of semi-finished steel and generates around 11 million tonnes of recycled steel per year.

voda 12 september 2022 06:41

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Cleveland Cliffs & USW Reach Tentative Labor Agreements

Strategic Research Institute
Published on :
12 Sep, 2022, 6:24 am

US’s leading steel maker Cleveland-Cliffs has reached a tentative agreement with the United Steelworkers on a new 47-month labor contract for its legacy Mining and Pelletizing operations. The contract will be effective on 1 October 2022 and will cover approximately 2,000 USW-represented employees at its Mining and Pelletizing locations in Northern Minnesota and in the Michigan Upper Peninsula. With the successful conclusion of the second and final portion of this negotiation with the USW, the Company has now reached two tentative multi-year labor agreements covering approximately 14,000 USW-represented employees, more than half of its total workforce.

Each agreement is now pending ratification by USW local union memberships. No further details will be provided by the Company prior to ratification.

Cleveland-Cliffs is the largest flat-rolled steel producer in North America. Founded in 1847 as a mine operator, Cliffs also is the largest manufacturer of iron ore pellets in North America. The Company is vertically integrated from mined raw materials, direct reduced iron, and ferrous scrap to primary steelmaking and downstream finishing, stamping, tooling, and tubing. It is the largest supplier of steel to the automotive industry in North America and serves a diverse range of other markets due to our comprehensive offering of flat-rolled steel products. Headquartered in Cleveland, Ohio, Cleveland-Cliffs employ approximately 27,000 people across its operations in the United States and Canada.

voda 12 september 2022 06:41

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One Workers Dies in Hot Metal Spill in Surya Steel in Palghar

Strategic Research Institute
Published on :
12 Sep, 2022, 6:26 am

PTI reported that a worker was killed and five others injured when a hot liquid from a furnace spilled on them at Surya Company in Abitghar village around 10 PM on 22 August in Wada area of Maharashtra's Palghar district. The injured workers were rushed to a hospital, where one of them died on 29 August

The police have registered an offence under relevant sections of the Indian Penal Code against the company for the incident. The Wada police received intimation about the death on 9 August after which additional section 304(A) (causing death by negligence) was added to the case registered against the company management.

voda 12 september 2022 06:42

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Ukraine’s Steel Output Shrinks by 65% in Jan-Aug’22

Strategic Research Institute
Published on :
12 Sep, 2022, 6:28 am

Russia's war in Ukraine has pushed Ukrainian steel production to the brink. Interfax reported that Ukraine's steel roll production plummeted 65.6% YoY in January-August 2022 to 4.477 million tonnes. The Ukrmetallurgprom association said crude steel output fell 64.5% YoY to 5.186 million tonnes and hot metal fell 64.4% YoY to 5.15 million tonnes.

Ukraine’s roll production grew 3.5% to 19.079 million tonnes in 2021, crude steel rose 3.6% to 21.366 million tonnes and pig iron grew 3.6% also, to 21.165 million tonnes.

voda 12 september 2022 06:43

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Corinth Pipeworks Bags Hydrogen Certified Pipes Order from GAZ

Strategic Research Institute
Published on :
12 Sep, 2022, 6:31 am

Greek pipe maker Corinth Pipeworks has been awarded order for supply of 80 kilometers of 40 inch diameter coated steel pipes a by the gas transmission operator of Poland GAZ-System SA are being used for part of the Gustorzyn - Wronow gas pipeline. This section of the pipeline will be the first high-pressure, newly constructed transmission gas pipeline in Poland, also among the first in Europe, which will be certified for future transportation of up to 100% hydrogen

Under the technical framework of the ASME B31.12 option B design code, Corinth Pipeworks & Gaz System cooperation provides a safe and economically feasible solution for the transportation of both natural gas and hydrogen at high pressures through new large diameter, high strength steel pipelines. This means that pipes produced today and installed for the current natural gas network will also be suitable for transporting increasing volumes of hydrogen as the energy transition gathers pace in the years ahead.

Gas Transmission Operator GAZ-SYSTEM is a strategic company for Poland's economy and energy security. GAZ-SYSTEM's key task is the transport of gas via the transmission network throughout the country to supply with gas the distribution networks and final customers connected to the transmission system.

Cenergy Holdings Corinth Pipeworks is a leading steel pipe manufacturer for the global energy and construction sector. With projects executed in more than 45 countries worldwide, it develops valuable solutions, exceed our customers' expectations and create long term relationships based on mutual trust and respect.

voda 12 september 2022 06:43

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Nucor’s Brandenburg Plate Mill to open by 2022 End

Strategic Research Institute
Published on :
12 Sep, 2022, 6:33 am

The News Enterprise reported that Nucor’s steel plate mill in Brandenburg still is on pace to be up and running by the end of 2022. Announced in March of 2019, Nucor broke ground on the USD 1.7 billion project in October of 2020. Once completed, approximately 1.5 million square feet will be under roof in the Buttermilk Falls Industrial Park along the Ohio River and the facility will be able to produce 1.2 million tons of finished steel plate products annually. Nucor’s Vice President & General Manager Mr Johnny Jacobs said “We are in the process of finishing structures on site, and they will continue to set and commission equipment as the year comes to an end.”

Mr Jacobs added “One of the fun things about a project like this is our sister divisions have made most of the steel, from the fasteners to the pilings that have gone into building this operation.”

Mr Jacobs also said there are approximately 1,800 contractors on site finishing construction and Nucor also is on track to fill the initially projected 400 full-time positions at the facility too.

voda 12 september 2022 06:44

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Latin American Steel Production Shrinks in H1 of 2022

Strategic Research Institute
Published on :
12 Sep, 2022, 6:35 am

Data from the Latin American Steel Association Alacero has indicated that crude steel production was 2.3% lower in the first half of 2022 in comparison with the same period of 2021 in Latin America. Inflationary pressures, political uncertainties and the protection of the Latin American steel market are factors that determined the performance of the industry in the first half of 2022. But according to data from Alacero, the Latin American Steel Association, responsible for concentrating 95% of the chain production, the period was better than expected. Alacero’s Executive Director Mr Alejandro Wagner said “Regional growth was possible thanks to the record prices of raw materials, the main exports of Latin America. On the other hand, the inflationary pressures that led central banks to raise interest rates predict a slight slowdown ahead. However, market expectations point to an economic slowdown in 2023, in addition to the multiple challenges facing the industry, sustainability being the greatest.”

In the first six months of 2022, crude steel production in Latin America fell 2.3% compared to the first half of 2021 and 3.1% compared to the second half of the same year with Chile reducing by 14.1%, Peru by 10.1%, Brazil by 2.8%, Mexico by 1.2% and Colombia by 0.6%. Argentina recorded an increase of 4.1%.

Finished steel production was 1.4% below the first half of the previous year and 0.4% below the second half of the same year. The reductions occurred in Chile by-19.9%, Brazil by 9.2%, Argentina by 4.5% and Colombia by 2.3%. Peru with 0.3% growth registered stability and Mexico continued to grow, having obtained 13.6% in the first semester.

Vertraagd	14 jun 2024 17:36
Koers	21,820
Verschil	-0,380 (-1,71%)
Hoog	22,360
Laag	21,740
Volume	4.153.452
Volume gemiddeld	2.688.328
Volume gisteren	2.243.870

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