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voda 12 september 2022 06:44

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ArcelorMittal Luxembourg Continuing Production for now

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

RTL Today reported that ArcelorMittal Luxembourg General Director Mr Roland Bastian has confirmed in an interview with RTL that five European blast furnaces will be subject to temporary closures but Luxembourg will be spared, for now. Mr Bastian underlined that the Luxembourg business was still taking sufficient orders to continue its activities and confirmed that for the moment, no prolonged closure is planned in the Grand Duchy.

Luxembourg, where steel activity mainly operates through electric arc furnaces, is more affected by the surge in electricity and natural gas prices. In order to limit the damage to energy bills, the Luxembourg operation is suspending the use of industrial electric ovens during periods when the electricity prices are at an all-time high, mainly in the morning and in the evening.

Mr Bastian noted the slowing economic activity on a global scale, leading to a drop in orders, but also mentioned the additional cost imposed on Europe-based energy-intensive companies on CO2 emissions. Given the rise in steel prices in Europe, the group has noted an increase in imports from outside the EU, which further complicates the situation. Given this drop in demand in Europe, the ArcelorMittal group has decided to temporarily close five sites: two in France, one in Poland, one in Germany and one in Spain.

voda 12 september 2022 06:48

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Ukraine bans coal exports
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Ukraine’s government has introduced a ban on exports of coal, says the Ministry of Energy.

The decision was made in order to ensure supply for the heating season, in particular, the accumulation of sufficient fuel reserves for thermal generation, the ministry says. “Also, the ban will help prevent abuse and manipulation of the quality of coal that can be used for thermal generation during the heating season, and instead is exported,” it adds.

Coking coal can therefore be considered as a component of the fuel balance for thermal generation in preparation for the autumn-winter period 2022/2023, the Ministry of Energy summarises.

Ukrainian steelmaker Metinvest tells Kallanish it is studying the decision to ban coal exports and how this will influence the activities of the company. ArcelorMittal Kryvyi Rih (AMKR) did not responded before deadline to requests for comment.

Ukraine’s Zaporizhkoks plant, part of Metinvest, decreased production of blast furnace coke in January-August to 466,700 tonnes, down by 19.3% on-year following raw material shortages.

In July, Metinvest put into operation the new southern longwall 13 of block 10 at Pokrovske coal mine (see Kallanish passim). Coal reserves are estimated at more than 1 million tonnes.

Metinvest's Pokrovske mine continues to produce coking coal and is currently operating four mining sites. The company also managed to find additional markets not only in Ukraine but also in other countries – Slovakia, Hungary, Poland – and is considering the possibility of cooperation with Western European plants. The coal export ban would presumably scupper these plans.

In August, Kazakhstan introduced a ban on exports of coal by road for six months effective 1 August (see Kallanish passim).

Prior to the Russian invasion of Ukraine, AMKR purchased 350,000 tonnes/month of coking coal, with the main supply coming from ArcelorMittal's Kazakhstan-based Temirtau steelworks. Previously, the plant received 30% of the required coal from Kazakhstan, which was shipped by rail through Russia. Now, this option has been removed.

Svetoslav Abrossimov Bulgaria

voda 12 september 2022 06:49

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German Aluminum Maker Speira to Cut Production over Energy

Strategic Research Institute
Published on :
12 Sep, 2022, 6:46 am

German Aluminum Maker Speira has decided to curtail 50% of its smelter production at the Rheinwerk plant in Neuss until further notice. Going forward smelting production will be reduced to 70,000 tonnes of primary metal per year. This decision has been taken in consequence to the rising energy prices in Germany. Speira CEO Mr Einar Glomnes said “We are facing similar challenges as many other European aluminium smelters. Energy prices have reached too high levels over the last months, and we don´t foresee those to fall in the short-term future. This development requires us to curtail 50% of our smelter production until further notice to sustain value for Speira.”

The curtailment process will start early in October and is expected to be completed in November. Speira will replace the curtailed liquid production with external metal supplies. Speira does not plan forced redundancies.

Speira is a global aluminium rolling and recycling company, consisting of seven manufacturing facilities, as well as one R&D center. Locations are in Germany and Norway including our Joint Venture Alunorf, the world´s largest aluminium rolling mill, the plant in Grevenbroich, the world´s largest rolled aluminium finishing mill, 2 / 2 as well as several international sales offices. Speira employs around 5,000 people mainly in Germany and Norway. Speira operations are built on more than a century of aluminium rolling and recycling experience and technical expertise for aluminium products. Speira is proud to serve some of the best-known companies in the global automotive, packaging, printing, engineering, building and construction industries.

voda 12 september 2022 06:52

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BHP Improves Productivity with Bamboo Crew Shift Timing

Strategic Research Institute
Published on :
12 Sep, 2022, 5:30 am

A new early start night shift option is now on offer for the Bamboo crew of haul truck operators at Western Australia Iron Ore’s Newman Operations West and it is improving productivity. The Bamboo crew is a dedicated ‘hot seat’ crew of haul truck operators who act as relief truck drivers that operate during meal break times (09:30 to 16:30 and 21:30 to 04:30 on nights).

With before and after school care/childcare/childminding alternatives not available to many night shift operators, WAIO’s Newman Operations West experienced a high turnover of Bamboo crew operators who were unable to balance their work and family commitments.

In response to concerns raised by the crew, a number of options were trialed to find a solution that would better support and work for our people. As a result, Newman Operations West now offer the Bamboo crew and flex workers two seven hour night shift options to suit their individual requirements: the new early starter shift (17:30 to 00:30) and the regular night shift from 21:30 to 04:30.

To assess the impact of the new early start night shift on production, the team monitored the difference in the number of loads that were completed with the new early shift times, as compared to previous shift times. Calculated over a full year, the extra shift has the potential to move an additional 800,000 tonnes of material, increase truck hours and reduce delays.

This process is being replicated at Newman Operations East where start times are staggered during the shift change-over period to minimise shift change impacts.

Bijlage:

voda 12 september 2022 07:04

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India’s Iron Ore Exports Shrink by 33% in Apr-Aug’22

Strategic Research Institute
Published on :
12 Sep, 2022, 5:30 am

Indian Port Association’s latest data that India has exported 16.779 million tonnes of iron ore in April-August 2022, down 33% YoY

Paradip - 6.567 million tonnes, down 37% YoY

Visakhapatnam - 5.833 million tonnes, down 13% YoY

Mumbai - 2.315 million tonnes, down 16% YoY

New Mangalore - 0.881 million tonnes, down 57% YoY

Mormugao - 0.779 million tonnes, down 63% YoY

Deendayal - 0.254 million tonnes, down 121 YoY %

SMP Kolkata - 0.103 million tonnes, down 88% YoY

voda 13 september 2022 06:50

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US Steel Production Capacity Utilization Recovers in Week 36

Strategic Research Institute
Published on :
13 Sep, 2022, 6:02 am

American Iron & Steel Institute announced that in the week ending on 10 September 2022, US’s domestic raw steel production was 1.723 million net tons while the capability utilization rate was 78.2%. Production was 1.839 million net tons in the week ending 10 September 2021 while the capability utilization then was 83.3%. The current week production represents a 6.3% decrease from the same period in the previous year. Production for the week ending 10 September 2022 is up 0.5% from the previous week ending 3 September 2022 when production was 1.715 million net tons and the rate of capability utilization was 77.8%

Southern: 740 KNT

Great Lakes: 568 KNT

Midwest: 199 KNT

North East: 146 KNT

Western: 70 KNT

Adjusted year-to-date production through 10 September 2022 was 63.041 million net tons, at a capability utilization rate of 79.8%. That is down 3.8% from the 65.529 million net tons during the same period last year, when the capability utilization rate was 81.0%

voda 13 september 2022 06:51

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Ship Recycling Activity Picking Up as Shipping Rates Collapse

Strategic Research Institute
Published on :
13 Sep, 2022, 6:04 am

World's leading cash buyer of ships for recycling GMS said that “Following the sale of Capesize bulkers for recycling last week, the trend has continued this week as well, with further transactions reportedly taking place on units, including Capes and a Suezmax tanker, as the market finally shows signs of life after an absolutely inert summer. All of the major ship recycling destinations are still poised rather precariously, and Pakistan has seen some further depreciations on the currency towards the end of last week, whilst the country continues to battle floods, shortage of essentials, and the increasing spread of water-borne diseases, as thousands have perished in the floodwaters. Bangladesh too remains somewhat tentative, with limits on higher dollar value LCs still in place, local steel plate prices that took a noteworthy dive last week, and a Taka that seems to have found its stable place last week.”

GMS said “India has experienced, marginally less, volatile moves on steel across the week and remains the safest destination to deliver at present. Following an incredibly quiet 3-4 months of inactivity, there are signs of demand gearing up across sub-continent locations as most plots lie nearly dormant. Lastly, the Turkish market faces its own dithers this week, with further declines on fundamentals that are burying sentiments even further into the rut.”

GMS added “Overall, chartering markets have deprived recycling destinations of most tonnage, but dry Bulk has recently started to cool off, particularly the Capesize bulker sector, whilst containers are also showing signs of softening, all while Tanker rates continue to shoot onwards and upwards.”

GMS concluded “It should hopefully be a busier finish to the year, as Owners look to capitalize on these still firm levels, despite the USD plus 100 per LDT fall we have seen since the peaks of earlier this year. Rates in and around USD 550-600 per LDT are still incredibly firm, given the lows we had witnessed of USD 250 per LDT or so, during the early stages of the Covid pandemic.”

GMS Price Assessment - India/Bangladesh/Pakistan – Week 36 Unchanged

Dry Bulk – USD 550-570 per LDT

Tankers - USD 560-580 per LDT

Containers - USD 570-590 per LDT

voda 13 september 2022 06:51

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Zekelman’s Galvanized Tube Plant in Rochelle nears Completion

Strategic Research Institute
Published on :
13 Sep, 2022, 6:06 am

North American steel tube leader Zekelman Industries announced that it is nearing completion of its newest facility constructed to produce a wide range of galvanized tubular products for the electrical, fence, solar tracker and solar foundation markets. It is located just west of Chicago in Rochelle in Illinois with great access to rail and major interstate routes. This facility is the company’s 18th factory. It has 1 million square feet under roof, including four in line galvanizing tube mills with capacity to exceed 300,000 tons annually and an automated hot-dip galvanizing line capable of production in excess of 100,000 tons annually. The facility will support Wheatland Tube, Western Tube and Picoma customers.

This facility utilizes cutting-edge technology for both in-line and hot-dip galvanizing operations. When fully operational, these mills will be the fastest in the world, feeding directly into the factory’s automated warehouse to deliver the highest quality products and solutions to customers.

Full operations are set to commence in January of 2023. The company is currently hiring, with plans to add another 150 employees by December 2022.

Zekelman Industries includes the operating divisions of Atlas Tube, Picoma, Sharon Tube, Wheatland Tube, Western Tube and Z Modular. It is the largest independent manufacturer of hollow structural sections and steel pipe, and the top producer of electrical conduit and elbows, couplings and nipples in North America. Zekelman Industries delivers a broad range of pipe and tube solutions that build its customers’ success.

voda 13 september 2022 06:52

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Argus Acquires Pipe Information Specialist Pipe Logix

Strategic Research Institute
Published on :
13 Sep, 2022, 6:08 am

Energy and commodity price reporting agency Argus has acquired pipe and tube market information provider Pipe Logix. Pipe Logix produces price assessments, analytics, and forecasts for the US oil country tubular goods and line pipe markets. Customers include steel mills, pipe manufacturers, oil and gas companies, pipe distributors and financial investors. Argus Media chairman and chief executive Mr Adrian Binks said “We are pleased to further expand our metals coverage and customer base in the steel market. We will develop the existing products and extend our services to enhance market transparency and provide greater added value to customers.”

Pipe Logix President Mr Kurt Minnich said “Joining forces with Argus, provides an exciting opportunity to leverage their trusted brand, global reach and scale. Together, we will be able to further enhance our existing product portfolio, better serve our existing and new customers, and accelerate product development into related markets.”

The terms of the transaction were not disclosed.

Argus is an independent media organization with 1,200 staff. It is headquartered in London and has 27 offices in the world's principal commodity trading and production centres. Argus produces price assessments and analysis of international energy and other commodity markets and offers bespoke consulting services and industry-leading conferences. Argus was founded in 1970 and is a privately held UK-registered company. It is owned by employee shareholders, global growth equity firm General Atlantic and Hg, the specialist software and technology services investor.

voda 13 september 2022 06:52

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247TailorSteel Opens New in Langenau Plant in Germany

Strategic Research Institute
Published on :
13 Sep, 2022, 6:10 am

European customized laser cut sheet and tube material supplier 247TailorSteel has strengthened position in the market and offering our customers in southern Germany and Austria more options with new production facility in Langenau near Ulm in Germany. With the new production facility, the machine park of 247TailorSteel grows to more than 40 laser cutting machines, 30 press brakes and 10 tube lasers. On a production area of 15,000 square meters, Langenau is initially equipped with 4 laser cutting machines, 4 press brakes, 3 tube lasers and 2 machines for edge rounding. It is the company's third production facility in Germany.

247TailorSteel CEO Mr Carl Berlo said “Thanks to our own high-tech machine park and the online Sophia portal, our customers can place their orders online 24 hours a day, 7 days a week, receive a quote in just one minute and have their product delivered within 48 hours.

247TailorSteel has been the leading pioneer in the market since it was founded in 2007 and now has a large customer base. In addition to the locations in Varsseveld in Netherlands and Oyten, Hilden & Langenau in Germany, production facilities are also planned in Belgium and Austria and another branch in the Netherlands and Germany. A total of ten production sites are expected to be active in 2025.

Turnover 2021: 160 million euros

Number of employees: Over 700

More than 30,000 customers

voda 13 september 2022 06:54

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Haizea to Supply Steel Structures to Smulders for Offshore Wind

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

Belgian headquartered infrastructure service provider Smulders and Spanish steel fabricator Haizea Bilbao have signed a Selected Supplier Agreement under which the two companies, subject to them concluding on the final contract, will cooperate for the supply and fabrication of more than 70 transition pieces for the Baltic Power offshore wind farm in the Polish Baltic Sea. Haizea Bilbao will be manufacturing the primary steel in its Bilbao facilities. Smulders will manufacture the secondary steel and assemble, outfit, coat, and test fully equipped transition pieces. The secondary steel will be manufactured at its facilities in Poland. The assembly of the transition pieces will take place at the yard in Hoboken or Newcastle, which was recently modified to enable the assembly of transition pieces.

This is the second project in which the two companies cooperate, and the first one for transition pieces.

Founded in 2018, in the Port of Bilbao, Haizea Bilbao is a company engaged in the manufacture and assembly of large metal structures for offshore wind turbines, such as wind towers, monopiles or primary steel for transition parts. Although the manufacture of offshore towers and foundations is predominant, the Haizea Bilbao also has experience in the manufacture of onshore towers. In its facilities we manufacture large diameter tubular foundations, such as monopile foundations, primary steel for transition pieces, pin piles for jacket foundations or components for floating structures.

Smulders is an international steel construction company with more than 1,000 employees working across offices in Belgium, Poland and the United Kingdom. We have a proven track record in the engineering, construction, supply and assembly of heavy, technical complex and architectonic steel constructions. It is active in following markets: Civil & Industry, Offshore Oil & Gas and Offshore Wind. Smulders is a member of the Infrastructure branch of the Eiffage Group, a leading figure in the European concessions and public works sector operating through four business lines: Construction, Infrastructure, Energy and Concessions.

voda 13 september 2022 06:55

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AIC Upgrades Automation at Acciaierie Venete’s Odolo Plant

Strategic Research Institute
Published on :
13 Sep, 2022, 6:14 am

Italian steel maker Acciaierie Venete Group has renewed its confidence in Italian steel technology supplier AIC to modernize the automation system on the cooling bed outlet, including the cold shear area, stacking bars, bars exit and binding at Odolo plant in Italy. Activities have taken place during the summer halt, involving the replacement and refurbishment of the obsolete Siemens S5 PLC with a new Rockwell L82 Safety PLC.

The plant was able to resume at full capacity the first day after shutdown and its performance has since improved because of the continual control work that has increased operational flexibility and sped up the operating line.

AIC also provided installation supervision and commissioning, as well as start-up support and remote assistance.

The work is a continuation of a previous intervention on the same site in 2019, which involved works from the furnace exit to the cooling bed and the auxiliary parts.

Acciaierie Venete first began producing steel in 1957 operating in the field of commodities ingots, billets and rebars. At the beginning of the 1980s, the company began to move towards the production of high quality long products. Acciaierie Venete has a production capacity of 2 million tonnes per year of steel. This steel is produced in Padua, Sarezzo and Borgo Valsugana and transformed into finished products in Padua, Sarezzo, Mura, Dolcè, Odolo and Buja. For some applications, the steel is additionally processed in Modena and Idro.

AIC Capitanio Tailored Automation is a global system integrator that designs, manufactures and commissions’ turn-key plants worldwide, providing advanced and tailored automation and mechatronics solutions for the steel industry, with the aim to continuously improve efficiencies, competitiveness and safety of the production processes.

voda 13 september 2022 06:56

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DeAcero Selects Aera Decision Cloud to Automate Decision Making

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

US’s leading Decision Intelligence firm Aera Technology announced from the North American Supply Chain Executive Summit a partnership with leading Mexican steel maker DeAcero to enable a customer-centric, dynamic operations model for DeAcero using the Aera Decision Cloud platform. Through the agreement with Aera, DeAcero is using key capabilities of the Aera Decision Cloud platform to prevent service risks and improve order management throughout the lifecycle of every customer order. In the first six months of the partnership, DeAcero started increasing its Perfect Order key service metric by 1-2 percentage points each month for sales orders across its Mesh & Wire business, a division representing nearly 60% of its total sales orders worldwide.

Aera Decision Cloud is purpose-built for Decision Intelligence, the digitization, augmentation, and automation of decision making. From the platform, users can access a set of pre-built decision-making capabilities called Aera Cognitive Skills™ to make and execute decisions for demand forecasting, planning, inventory, logistics, procurement, finance, revenue, and more. Through Aera Developer, the platform’s integrated development environment, users can further build on the platform, creating their own Skills or modifying any deployed Aera Skills.

Founded in 1952 in downtown Monterrey Nuevo León in Mexico, DeAcero is a leading producer of long steel, wires, and reinforcing steel. DeAcero is the leading producer of long steel and reinforcing steel in Mexico and is also its largest recycler. The company has a long-established presence in the US, Europe, and South America.

Aera Technology is the Decision Intelligence company that makes business agility happen. The company’s innovative cloud platform integrates with existing systems to make and execute business decisions in real time. In the era of digital acceleration, Aera helps enterprises around the world transform how they respond to the ever-changing environment.

voda 13 september 2022 06:56

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SARRALLE Complete Meltshop with Slab Caster Plant

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

SARRALLE has complete Meltshop with a Slab Caster Machine to produce 1.2 million tonnes of high quality slabs. The raw material used in this new Meltshop is CDRI, HDRI and Scrap. The plant has been designed with the following main units:

173 tonne - AC Design Electric Arc Furnace (100% DRI )

173 tonne - Ladle Furnace

173 tonne - VD

1 strand Slab Caster

Material Handling system

Fumes Extraction system with 2,5mio Nm3 per hour capacity

Auxiliary equipment’s (ladles, ladles cars, ladles heaters)

The Slab Caster machine in this plant is capable to cast high quality slabs of the following formats and steel grades

Thickness: 200 mm, 250 mm, 300 mm

Width: 1.2-2.2 meters

Length: 5-12 meter

Steel grades: IF, ULC, LC, MC, HC, HSLA, API and Pe

SARRALLE Slab Caster includes all most advances technological packages available in Slab Caster technology such as

Continuous mould widths change during casting

Eddy current mould level control

Hydro Dynamic Servo Cylinder hydraulic oscillator

On board continuous oscillator diagnostic system

Break out prediction system by means of thermocouple or optic fibers on broad and narrow sides copper plates

Electro Magnetic Stirrer for moulds and strands fluid dynamic control

Advance width partialized secondary cooling

Continuous and dynamic soft reduction based on secondary cooling model by means of segments cylinders linear transducers and on-board valves

Strand final solidification point detection by means of segments cylinders

Azpeitia Gipuzkoa Spain headquartered SARRALLE is a key player in the international steel industry offering greenfield and brownfield turnkey solutions to our customers, from the concept phase through the start up of the plant including the development of the layout, definition of the processes, the engineering, manufacturing, assembly, transport, installation, commissioning, start up and also workers training.

voda 13 september 2022 06:57

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British Steel Pays Tribute to Her Majesty Queen Elizabeth II

Strategic Research Institute
Published on :
13 Sep, 2022, 6:20 am

UK’s leading steel maker British Steel said that it was with great sadness that we learnt of the death of Her Majesty Queen Elizabeth II. British Steel said “During her remarkable reign of more than 70 years, we were very privileged and proud to have welcomed Queen Elizabeth II to our sites on several occasions, including visits to our Scunthorpe site in 1958 and 1974, and also Teesside and Workington, both in 1956.”

British Steel added “These visits had a long-lasting and profound impact on those who were fortunate enough to meet Her Majesty or, indeed, just see her. Her humility, genuine interest and ongoing dedication to duty inspired many during these occasions. With The Queen's death, we have lost such a highly regarded and unique person.”

British Steel also said “We are flying our flags at half-mast to mourn the passing of The Queen and this will continue throughout the period of national mourning. Our thoughts and condolences are with The Royal Family at this very sad and difficult time.”

Opened in 1864, British Steel was bought by leading Chinese multi-industrial company Jingye Group in March 2020, beginning a new chapter in British steelmaking.

Bijlage:

voda 13 september 2022 06:58

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Hoa Phat Sells 5 Million Tonnes of Steel in 8 Months of 2022

Strategic Research Institute
Published on :
13 Sep, 2022, 6:23 am

Vietnamese steel giant Hoa Phat Group has achieved a sales volume of 628,000 tonnes of construction steel, billet and hot rolled coil in August 2022. Construction steel reached 386,000 tonnes, up 44% YoY while HRC reached 233,000 tonnes, up 56% YoY. In August 2022, Hoa Phat steel pipe reached an output of nearly 64,000 tonnes, up 60% YoY.

Construction steel output has been at a high level mainly due to an improvement in the domestic consumption market after previous months. Sales activities in all three regions increased dramatically, the North recorded an increase of 54%, the Central region increased 39% and the South doubled up compared to the same period. Meanwhile, the market's demand for steel pipes and galvanized steel products is improving, and Hoa Phat's hot-rolled coil sales volumes experienced a sharp rise in comparison to July 2022. Specifically, Hoa Phat's steel pipe products recorded nearly 64,000 tonnes, an increase of 60% over the same period. Hoa Phat’s galvanized steel sheets reached 28,000 tonnes, fell 5% to August 2021 but raised 60% to July 2022.

In the cumulative of eight months of 2022, Hoa Phat Group produced 5.5 million tonnes of crude steel, an increase of 2% from the same period in 2021. Billet, mild steel and HRC sales reached 5.14 million tonnes, growing 5% in the first period. Construction steel contributed 27% to 3.1 million tonnes, of which 32% was exported at 990,000 tonnes, an increase of 82% compared to eight months in 2021. Over the past eight months, Hoa Phat has supplied the market with 1.8 million tonnes of HRC, up 3% YoY. Downstream products such as steel pipes and coated steel sheets of the Group reached 491,000 tonnes and 226,000 tonness, up y 5-7% YoY

Hoa Phat said “The steel consumption market is expected to turn positive by the end of the year as the Government has taken a number of measures during the peak construction season to boost public investment spending and major project progress.”

The capacity of Hoa Phat Group's crude steel production reaches 8.5 million tonnes per year. Moreover, Hoa Phat construction steel and steel Pipe occupies 36.4% and 29% market share respectively in Vietnam. Besides serving the domestic market, the group also exports steel products to more than 20 countries and regions around the world in order to diversify the consumption market.

voda 13 september 2022 06:59

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Steel Ministry Opens National Metallurgist Award Scheme 2022

Strategic Research Institute
Published on :
13 Sep, 2022, 6:25 am

India’s Ministry of Steel has given approval for National Metallurgist Award 2022. Receiving of Application has started and the last date of receiving of application is 11 October 2022. Application will be received via online only though the NMA portal for following five awards.

Lifetime Achievement Award

National Metallurgist Award

Young Metallurgist (Environment Science) – INR 100,000

Young Metallurgist (Metal Science) – INR 100,000

Award for R&D in Iron & Steel Sector – INR 100,000

National Metallurgists Day Awards, was instituted in 1962 by the then Ministry of Steel & Mines to recognise & honour the outstanding contributions of Metallurgists in the metallurgical field covering operation, research, design, education, waste management and energy conservation. The awards are given on an annual basis. The first award was given in the year 1963 and subsequently every year thereafter. Over the years, the number of categories and the award money were revised upwards. The awards are conferred on 3 February every year, as President Dr Rajendra Parasad commissioned the first Blast Furnace of the country on 3 February 1959.

voda 13 september 2022 07:02

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RINL & NMDC Sign Vital Long Term Pact for Iron Ore Supply

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

India’s state owned steel maker Rashtriya Ispat Nigam Limited and iron ore miner NMDC have signed a Long Term Agreement on 9 Septemer for supply of iron ore.

RINL said “This agreement ensures RINL's much needed securitization of vital raw material.”

voda 13 september 2022 07:03

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DGTR Extends AD Duty Probe on Stainless Steel Seamless Tubes

Strategic Research Institute
Published on :
13 Sep, 2022, 6:29 am

India’s Director General Trade Remedies has announced extension of the time limit for completion of Anti-Dumping investigation concerning imports of Stainless-Steel Seamless Tubes and Pipes from China. DGTR said “The competent authority has accepted the request for extending time for completing the on-going anti-dumping investigation on import of Stainless Steel Seamless Tubes and Pipes into India from China for a further period till 24 September 2022.”

DGTR had initiated anti dumping on 10 Septemer 2021 on request from Chandan Steel, Tubacex Prakash India and Welspun Specialty Solutions Limited. The applicants had alleged that material injury to the domestic industry is being caused due to the dumped imports of the subject goods originating in or exported from the subject country. The application is supported by Ratnamani Metals & Tubes.

The applicant has proposed the period from 1 April 2020 to 31 March 2021. The injury investigation period has been considered as the period 2017-18, 2018-19, 2019-2020 and the POI.

The product under consideration is stainless-steel seamless tubes and pipes with diameter up to and including 6 inches, whether manufactured using hot extrusion process or hot piercing process and whether sold as hot finished or cold finished pipes and tubes, including subject goods imported in the form of defectives, non-prime or secondary grades. Stainless-steel seamless tubes and pipes are used for structural purposes and to transfer liquids and gases. The product under consideration is used in application relating to oil and gas; petrochemicals and refineries; atomic energy; power generators including nuclear and thermal power; and aerospace and defence applications.

The product under consideration can be manufactured using either hot extrusion process or hot piercing process, which is also known as cross roll piercer process. The scope of product under consideration includes product manufactured using both processes.

The product under consideration is classified under Chapter 73 under tariff headings 7304.

voda 13 september 2022 07:04

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JSW Steel's Crude Steel Production up 22% YoY in August 2022

Strategic Research Institute
Published on :
13 Sep, 2022, 6:32 am

India’s leading steel maker JSW Steel said that its standalone crude steel production for the month of August 2022 stood at 1.676 million tonne, a growth of 22% YoY on standalone basis.

Flat Products – 1.20 million tonne, up 34% YoY

Long Products – 0.375 million tonnes, up 25% YoY

The average capacity utilization was 87.4% during August ’22 mainly due to shortage of Iron Ore both in Karnataka and Odisha regions.

Crude Steel Production - Standalone

April – 1.667 million tonne, up 22% YoY

May – 1.789 million tonne, up 31% YoY

June – 1.554 million tonne

July – 1.569 million tonne, up 14% YoY

August – 1.667 million tonne, up 22% YoY

April – August – 8.236 million tonnes

Vertraagd	7 jun 2024 11:03
Koers	23,360
Verschil	-0,190 (-0,81%)
Hoog	23,640
Laag	23,350
Volume	333.507
Volume gemiddeld	2.684.982
Volume gisteren	2.337.107

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