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voda 19 september 2022 06:28

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MMK Launches Automated Digital System for Quality Control of HDG

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

Russian steel maker Magnitogorsk Iron & Steel Works Rolling shop No 11 is undergoing pilot tests of an automated advisor system for internal certification of coils produced at a continuous hot dip galvanizing unit. The digital solution, which is based on machine learning and predictive analytics, is aimed at improving the quality of metal products and preventing possible claims from consumers. The system was developed on the basis of data obtained from the Parsytec flaw detector, which, using a special scanner and software, analyzes the moving belt, detecting and classifying possible defects along its entire width. The flaw detector in automatic mode is able to recognize more than 40 flaws in metal products, such as holes, rolled particles, film, scale and others, and issue a roll defectogram to the operator.

The system, using information from the flaw detector and a mathematical model trained on historical data on the results of roll certification, issues a recommendation to assign a status to each produced roll: “good” or “defective”. In addition, at the stage of shipment of finished products to the consumer, the advisor system will assess the likelihood of a claim from the consumer: in case of a positive conclusion, the products will be sent for additional examination (visual inspection, examination of defectograms, etc.). If it is found that the metal does not meet the requirements of the consumer, the shipment will not be made.

MMK is constantly working to improve the satisfaction of its customers, and the advisory system developed by specialists from the Competence Center for Mathematical Modeling and Advanced Analytics MMK-Informservice will significantly reduce the likelihood of deliveries of products that do not meet customer requirements, which will reduce the number of complaints from consumers. During the testing period during the internal certification of coils of the continuous hot dip galvanizing unit in sheet rolling shop No. 11, the new solution showed an efficiency of 91%.

voda 19 september 2022 06:29

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Researchers Develop Sound Insulating Bricks with MetallurgicalSlag

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

A two and a half year research project by the German research association Kalk-Sand and the Institut für Baustoff-Forschung FEhS shows a new, environmentally friendly use for various metallurgical slags. Instead of natural stone such as basalt, they can be used in sand-lime bricks to increase sound insulation and compressive strength and to reduce the cost such as CO2-intensive use of lime. In the research project funded by the Federal Ministry of Economics and Climate Protection BMWK via the Working Group of Industrial Research Associations AiF, various steel mill slags as well as copper slags, ferronickel slag and rutile sand were examined.

The FEhS Institute was primarily responsible for the characterization of the material and the assessment of the environmental compatibility of the stones, while the research association Kalk-Sand essentially oversaw the production of the stones in the technical center and in factory tests and determined typical stone characteristics.

Further investigations are planned.

voda 19 september 2022 06:30

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US ITC Rules against CVD Orders on Steel Nails Imports

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

The US International Trade Commission has determined that US industry is not materially injured or threatened with material injury by reason of imports of steel nails from India, Oman and Turkey that the US Department of Commerce has determined are subsidized. As a result of the Commission's negative determinations, no countervailing duty orders will be imposed on imports for India, Oman, and Turkey.

The ITC further found that the imports of these products from Sri Lanka that the DOC has determined are subsidized are negligible and voted to terminate the countervailing duty investigation concerning Sri Lanka. As a result of the finding of negligibility, the countervailing duty investigation regarding imports from Sri Lanka will be terminated.

voda 19 september 2022 06:30

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Steel Dynamics Lowers Earnings Guidance for Jul-Sep’22 Quarter

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

Fort Wayne Indiana headquartered Steel Dynamics has provided third quarter 2022 earnings guidance in the range of USD 4.93-4.97 per diluted share. Excluding the impact from costs associated with the startup of the company’s Sinton Texas Flat Roll Steel Mill growth investment of an estimated USD 104 million, or USD 0.40 per diluted share, the company expects third quarter 2022 adjusted earnings to be in the range of USD 5.33-5.37 per diluted share. Comparatively, the company’s sequential second quarter 2022 earnings were USD 6.44 per diluted share, and adjusted earnings were USD 6.73 per diluted share excluding costs of USD 0.29 per diluted share, associated with startup of the company’s Texas Flat Roll Steel Mill. Prior year third quarter earnings were USD 4.85 per diluted share and adjusted earnings were USD 4.96 per diluted share, excluding costs of US 0.11 per diluted share, associated with construction of the company’s Texas Flat Roll Steel Mill.

Third quarter 2022 profitability from the company’s steel operations is expected to be historically strong, but significantly lower than second quarter 2022 results, due to lower earnings from the company’s flat rolled steel operations, as lower average flat rolled steel pricing is expected to more than offset lower raw material costs and higher shipments. The company expects flat rolled steel prices to stabilize as broad underlying steel demand and corresponding order activity remains intact from the automotive, construction, industrial, and energy sectors. The company’s Texas Flat Roll Steel Division was hindered with high-cost steel substrate inventory during the third quarter 2022. The company believes the impact of this higher cost inventory will be alleviated before the end of the year.

As ferrous and nonferrous scrap prices have declined, third quarter 2022 earnings from the company’s metals recycling operations are expected to be below sequential second quarter results, based on lower realized pricing and volume.

Third quarter 2022 earnings from the company’s steel fabrication operations are expected to be meaningfully higher than record second quarter results, based on continued strong volume and expanding margins, as realized pricing improves and average steel input costs declined. The non-residential construction sector remains strong as evidenced by customer order activity supporting a continuing historically strong order backlog, which the company anticipates will continue into 2023.

Steel Dynamics is one of the largest domestic steel producers and metals recyclers in the United States, based on estimated annual steelmaking and metals recycling capability, with facilities located throughout the United States, and in Mexico. Steel Dynamics produces steel products, including hot roll, cold roll, and coated sheet steel, structural steel beams and shapes, rail, engineered special-bar-quality steel, cold finished steel, merchant bar products, specialty steel sections and steel joists and deck. In addition, the company produces liquid pig iron and processes and sells ferrous and nonferrous scrap.

voda 19 september 2022 06:31

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Supreme Court Directs Labour Court to Decide PSM Employees Matter

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

The News reported that the Supreme Court of Pakistan last week directed the Labour Court to proceed with the issue of retrenchment of employees of the Pakistan Steel Mills, within three months in accordance with the law. A three-member bench of the apex court headed by Justice Ijazul Ahsan issued an order in an appeal filed by the Pakistan Steel Mills against the order of the Sindh High Court, promoting some 76 employees of the PSM. The court directed the ministry of industries to file a report within a week regarding the proposed retrenchment of the employees of Pakistan Steels, who are still on the payroll of the said company

The court also directed the ministry of industries to file a report within a week pertaining to the proposed retrenchment of employees of the PSM, who are still on the payroll of the steel company. The Additional Attorney General submitted that 2299 employees are still on the payroll of the PSM, who are being paid from the grants received from the federal government, which amounts to PKR 1 billion per month

The Privatization Commission submitted a report stating that the core operative assets of the PSM are being transferred to the Steel Corporation Private Limited, which is special purpose vehicle. The report further stated, that such assets would be considered free of all encumbrances, charges etc. Offers have been invited from suitable private investors, who will be required to make capital investment to revive the existing steel plant by bringing it in line with modern technology, besides creating ample job opportunities. The process is likely to take some time, but it is expected that it would be completed by the end of this financial year.

voda 19 september 2022 06:32

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Taiwan Extends AD Duty on Steel Products from 6 Countries

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

Taiwan’s Ministry of Finance’s Customs Administration announced that the anti-dumping duties on various steel products from Brazil, China, South Korea, India, Indonesia and Ukraine will be extended for another five years, valid from 14 September 2022 to 13 September 2027.

HDG

Fujian Kaijing New Technology Material – 0%

Others in China - 43.38%

South Korea - 77.30%

Plates

Brazil - 31.1%

India – 32.82%

Indonesia – 42.91%

Ukraine - 49.29%

Hyundai Steel - 5.8%

POSCO, POSCO International. Donghwa, GS Global & Hyosung TNC - 19.99%

Others in South Korea - 80.50%

The decision to keep the tariffs, first introduced on 22 August 2016, was made after a government review concluded that removing the duties would lead to foreign firms continuing to sell goods to Taiwan at prices lower than those in their home market. The Ministry of Finance and Ministry of Economic Affairs began the review on 20 August 2021 to determine whether the duties were still needed.

voda 19 september 2022 06:32

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DBS Pledges Ambitious Steel Decarbonization Targets

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

Singapore based Southeast Asia’s largest bank DBS, despite heavy exposure to steel mills in China & India, is pursuing a plan to reduce financed emissions from steel production as it races to achieve net-zero emissions by 2050. DBS, head of sustainability Yulana Cheung said “We are taking a leap of faith. Many of our steel mill customers are in China and India higher emitting regions. As a result, we are really trying our best to have an ambitious target.”

DBS hopes to reduce its financed emissions from steel by around 27% of 2020 levels by 2030, from 1.95kgCO2 to 1.42kgCO2 per kilogram of manufactured steel. It then hopes to drastically scale down to just 0.14kgCO2 by 2050. KgCO2 is a unit that quantifies the amount of carbon dioxide that would have the same global warming potential as a given amount of greenhouse gas.

DBS’ announcement was part of a larger report detailing industry-specific pathways the bank will pursue to achieve its 2050 net-zero financed emissions goal. The report covered nine sectors in total, including property, automation, and oil and gas.

voda 19 september 2022 06:38

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US Fixes Dumping Margin of OCTG Seamless Pipes from Interpipe

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

The US Department of Commerce has preliminarily found that sales of oil country tubular goods from Ukraine were made at less than normal value during the period of review of 1 July 2020 to 30 June 2021 and has invited interested parties to comment on these preliminary results. US DOC preliminarily determined that average dumping margin of 1.59% exists for Interpipe Europe, Interpipe Ukraine, Interpipe Niznedneprovskv Tube Rolling & Interpipe Niko Tube

On 16 July 2019, US DOC had published in the Federal Register the antidumping duty order on OCTG from Ukraine.On 1 July 2021, US DOC published in the Federal Register a notice of opportunity- to request an administrative review of the Order on OCTG from Ukraine. On 7 September 2021, based on timely requests for review, Commerce initiated an administrative review of the Order. The domestic interested parties are Maverick Tube, Tenaris Bay City, IPSCO Tubulars & United States Steel Corporation. This review covered the sole mandatory respondent, Interpipe.

The merchandise under review is certain OCTG from Ukraine, which are hollow steel products of circular cross-section, including oil well casing and tubing, of iron (other than cast iron) or steel (both carbon and alloy), whether seamless or welded, regardless of end finish ( e.g.. whether or not plain end, threaded, or threaded and coupled) whether or not conforming to American Petroleum Institute or non-API specifications, whether finished or unfinished (including green tubes and limited OCTG products), whether or not thread protectors are attached. The scope of the Order also covers OCTG coupling stock.

voda 19 september 2022 06:38

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Hiab Unveils Hooklift Made from SSAB’s Fossil-Free Steel

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

Finnish cargo handling machinery manufacturer Cargotec’s Hiab will show the world’s first hooklift made from fossil-free steel at IAA TRANSPORTATION in Hannover in Germany during 20-25 September 2022. On display inside Hiab’s Pavilion P35 is a MULTILIFT Ultima hooklift made with a majority of the first available fossil-free steel, from SSAB, which has the same properties as conventionally produced steel.

SSAB aims to have fossil-free steel commercially available in 2026. This will enable Hiab to start producing load handling equipment made from material with lower carbon emission. Cargotec and SSAB have agreed to work on the introduction of fossil-free steel to the load handling industry in a strategic partnership. In the test production of fossil-free steel delivered to Hiab, SSAB used Hybrit technology to make steel with hydrogen instead of coal, eliminating the majority of the CO2 emissions in the steelmaking process.

Fossil-free steel has the same properties as conventional steel, but as it is produced with a significantly lower climate impact, using it would reduce Hiab’s value chain CO2 emissions. Hiab’s target is to reduce this by at least 50% and have carbon-neutral operations by 2030.

Cargotec and Hiab are committed to the United Nations Global Compact’s Business Ambition for 1.5 degree Celsius, to pursue science-based measures to limit global temperature rise to 1.5 degree Celsius.

Hiab is a leading provider of smart and sustainable load handling solutions. Hiab's premium equipment includes HIAB, EFFER and ARGOS loader cranes, MOFFETT and PRINCETON truck mounted forklifts, LOGLIFT forestry cranes, JONSERED recycling cranes, MULTILIFT shiploaders and hooklifts, GALFAB roll-off cable hoists, and tail lifts under the ZEPRO, DEL and WALTCO brands.

voda 19 september 2022 06:39

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Thyssenkrupp Steel Supplies Low CO2-Steel to Acuride for Wheels

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

German steel maker Thyssenkrupp Steel is supplying low CO2 steel to Accuride for the production of truck wheels. The wheel, which can exploit the advantages of the new material concept over its entire lifecycle, will now be presented for the first time at the IAA Transportation in September. To improve the carbon footprint of the wheel for the customer Accuride, several parameters in flat steel production have been optimized with regard to sustainability. Bluemint Steel is used for sustainable wheel production. As compared with conventional steel, it offers emission savings of 70% up to the hot strip production stage.

This climate-friendly effect is achieved by using HBI, pre-reduced iron ore in the blast furnace. This enables less coal to be used for the reduction process there. An actual reduction in emissions is thus achieved. Bluemint Steel is a flat steel product which does not have any effect on the balance of emissions at the Duisburg site, the emissions of what is referred to as the upstream chain (Scope 3) are reported. These are all emissions that occur during the production and transport of the input materials. In this way, the CO2 intensity of each metric ton is reduced by 1.5 metric tons, to 0.6 metric tons. This calculation methodology as well as the produced quantity of bluemint Steel has been confirmed by the international certifier DNV.

The material concept also pays off in terms of the product's future viability. A steel with a higher strength is used, which enables a lower sheet thickness with the same performance. This lightweight construction effect makes for a weight saving compared to conventional wheel steel, leading to lower fuel consumption in the utilization phase. This enables a double CO2 saving: during the steel production and during the entire utilization phase of the wheel. Taken together, this amounts to more than 10% over the entire lifecycle with a mileage of 1,200,000 km. The weight-optimized bluemint® wheel can also score points in terms of sustainability compared to a much lighter forged aluminium wheel of the same size.

Thyssenkrupp already offers its customers CO2-reduced and certified steels on the basis of its tkH2Steel transformation concept. To this end, various opportunities for CO2 reduction are being exploited within the existing technology framework. The decisive step towards climate-neutral steel production will be the construction of hydrogen-based direct reduction plants. The first plant is scheduled to go on stream in Duisburg in 2026. Production of five million metric tons of low-CO2 steel is already planned for 2030.

voda 19 september 2022 06:39

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Commercial Metals Company Acquires Advanced Steel Recovery

Strategic Research Institute
Published on :
19 Sep, 2022, 6:38 am

Irving Texas headquartered Commercial Metals Company has acquired leading supplier of recycled ferrous metals Advanced Steel Recovery in Southern California. Advanced Steel Recovery’s primary operations include processing and brokering capabilities that efficiently source material for sale into both the domestic and export markets. Advanced Steel Recovery handles approximately 300,000 tons of scrap annually across its processing, industrial collection, and brokerage platforms.

Advanced Steel Recovery invented FASTek, the world's first machine designed to fully automate the containerization of scrap metal. We have implemented FASTek globally, allowing scrap yards to achieve year-over-year growth in tonnage and profit.

The acquisition of Advanced Steel Recovery is a key strategic step to support CMC's growth in the Western United States. Arizona 2 micro mill remains on-track to startup in early calendar 2023, and with the commencement of operations will need secure & cost effective supply of ferrous scrap. Advanced Steel Recovery 's capabilities will help ensure that both of CMC's world class mills in Arizona will have continued reliable access to vital raw materials."

Commercial Metals Company and its subsidiaries manufacture, recycle and fabricate steel and metal products and provide related materials and services through a network of facilities that includes seven electric arc furnace mini mills, two EAF micro mills, one rerolling mill, steel fabrication and processing plants, construction-related product warehouses, and metal recycling facilities in the United States and Poland. Through its Tensar division, CMC is a leading global provider of innovative ground and soil stabilization solutions selling into more than 80 national markets through its two major product lines: Tensar geogrids and Geopier foundation systems.

voda 19 september 2022 06:51

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ArcelorMittal Spain & Unions in Furlough Talks - Reports

Strategic Research Institute
Published on :
19 Sep, 2022, 6:40 am

Reuters reported that ArcelorMittal Spain has started negotiations with unions last week on a broad furlough scheme for the 8,300 workers at its Spanish mills in the face of weakening demand and soaring energy prices and expects to reach an agreement within a couple of weeks to allow it to idle any of its plants in Spain for any period of time until the end of 2023

ArcelorMittal announced on 1 September temporary shutdown of its Blast Furnace A in Asturias in Spain, which will take place by the end of September. ArcelorMittal has also delayed the startup of EAF steel plant in Sestao in Spain after the summer break for maintenance work until further notice.

ArcelorMittal had said “Taking into account the market situation and forecasts for the coming months, has made the decision to undertake the temporary shutdown of its Blast Furnace A in Asturias, which will take place By the end of September. The decision comes at a time of economic uncertainty where consumer confidence in steel has declined; This situation is compounded by the high imports from non-EU producers that are not affected by the growing costs derived from the European system for assigning CO2 emission rights, impacting the competitive position of European manufacturers.”

ArcelorMittal had also said “The extremely challenging situation of the European steel market, with high levels of imports from non-EU countries and weak demand, have led to the decision to implement this measure in order to protect the profitability and sustainability of the Company's operations in Asturias. Taking into account the situation of the market and the outlook for the coming months, ArcelorMittal has decided to temporarily idle its Blast Furnace A in Asturias, at the end of September. This decision has been taken at a time of economic uncertainty and with weakening levels of confidence among steel consumers; the situation is compounded by high levels of imports from non-EU producers that are not affected by the increasing costs linked to the EU Emissions Trading System which adversely impacts the competitiveness position of European producers.”

ArcelorMittal' owns following plants in Spain

Aviles

Gijon

Etxebarri

Lesaka

Sagunto

Sestao

Lesaka Navarra

Álava

voda 19 september 2022 06:52

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POSCO Estimates USD 1.7 Billion Loss from Typhoon Hinnamnor Damage

Strategic Research Institute
Published on :
19 Sep, 2022, 6:41 am

It is anticipated that around 1.7 million tonnes of steel production will be affected. POSCO said that it will lose an estimated KRW 2.04 trillion (USD 1.5 billion) of sales as a result of typhoon damage at hot rolling facilities in Pohang in North Gyeongsang, equal to 2.7% of the company's consolidated sales last year. The estimated loss grew as the resumption of stainless cold rolling mill operations was delayed due to the facility being located close to the Nangcheon stream in Pohang.

Business Korea reported that South Korean steel giant POSCO is at odds with the South Korean government over the recovery of Typhoon Hinnamnor hit hot rolled steel making lines at Pohang Works. POSCO said that “We will finish drainage and mud removal work as soon as possible, and comprehensively calculate our damage. It is checking items at each plant that require urgent order placement, such as hydraulic tanks, reducers, transformers, and electric motors, and is in discussion with facility suppliers for on-site inspection of core facilities. We will announce the results of the damage calculation and a restoration plan as early as this week. It plans to complete the restoration of the hot-rolled steel sheet manufacturing lines within three months.”

On the other hand, South Korea’s Deputy Minister of Trade, Industry & Energy Mr Jang Young-jin had said “POSCO's recovery plan can be achieved if it can bring rolling process transformers from Gwangyang Works to Pohang Works. This is the best-case scenario, but we don’t know what will happen actually, and private sector experts think that it will take more than six months for the plant to recover.”

Business Korea quoted some POSCO officials as saying that “It may take one to two years for the rolling facility to be completely restored and roll out products normally. Some of the machinery which became obsolete due to water damage was imported from overseas, so it takes a long time to manufacture and transport it.”

voda 19 september 2022 06:53

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PLI Scheme for Specialty Steel Receives 75 Applications

Strategic Research Institute
Published on :
19 Sep, 2022, 6:44 am

PTI reported that Steel Ministry has received around 75 applications from domestic players under the PLI scheme for specialty steel, including TataSteel, JSW Steel, JSPL, AMNSIndia and SAIL. PTI quoted a senior steel ministry official as saying that “A significant number of applications have been received. There around 75 applications. However, no proposal has been received from any foreign entity. After shortlisting the proposals, the government will come out with a final list which would take around 35-40 days.”

Union Cabinet chaired by Prime Minister Mr Narendra Modi had approved INR 6,322-crore PLI scheme to boost the production of specialty steel in India in July 2021. The move is expected to attract an additional investment of about INR 40,000 crore and generate 5.25 lakh job opportunities.

The scheme is applicable for

Coated & Plated Steel Products

High Strength & Wear resistant Steel

Specialty Rails

Alloy Steel Products & Steel Wires

Electrical Steel

voda 19 september 2022 16:26

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Dienst verviervoudigt dwangsom Tata Steel en dreigt met intrekking vergunning

Tata Steel IJmuiden krijgt voortaan fors hogere boetes voor iedere keer dat het bedrijf schadelijke stoffen uitstoot doordat steenkool onvoldoende is verhit. De Omgevingsdienst Noordzeekanaalgebied (OD NZKG) verviervoudigt het boetebedrag per overtreding, van 25.000 euro tot 100.000 euro.

Redactie 19-09-22, 13:00 Laatste update: 14:26

Bovendien eist de toezichthouder dat Tata “per direct” maatregelen neemt om het ontstaan van zogeheten rauwe cokes te voorkomen. Slaagt het bedrijf daar niet in, dan kan het mogelijk zelfs de vergunning voor essentiële fabrieken kwijtraken. De omgevingsdienst zegt de mogelijkheden daartoe te onderzoeken, voor het geval dat Tata ‘ook deze last niet naleeft’.

In de cokesfabrieken worden op een hoge temperatuur gassen uit steenkool verwijderd. Wat overblijft is brandstof voor de hoogovens waarin ijzererts wordt verwerkt tot ruwijzer. ,,Als deze steenkool onvoldoende verhit is geweest, komen er gassen vrij die voor ongezonde uitstoot en milieuschade zorgen”, legt de omgevingsdienst uit. Dat gebeurt regelmatig en Tata is er ook al vaak voor beboet.

De hoogte van de dwangsom bedroeg eerst 10.000 euro per keer. Nadat de dienst die boete 15 keer had geïnd ging het bedrag omhoog naar 25.000 euro. Die som moest Tata twintig keer betalen. Daarmee kwam het totale boetebedrag eerder deze maand uit op 650.000 euro. Daar kan met de nieuwe last onder dwangsom nog 1,5 miljoen bovenop komen. Het toezicht op het proces wordt opgeschroefd, kondigt de toezichthouder aan.

Tata maakt bezwaar: Dit is niet uitvoerbaar
Tata Steel tekent bezwaar aan tegen de last onder dwangsom. Volgens het staalbedrijf is de opdracht ‘niet uitvoerbaar’, omdat het ontstaan van rauwe cokes (ook wel geschreven als kooks) nooit helemaal uit te sluiten zou zijn. “We hebben veel maatregelen genomen en streven er naar om ongare cokes tot een minimum te beperken. Helemaal terugbrengen naar nul lijkt niet mogelijk te zijn”, reageert het staalbedrijf. Gemiddeld ontstaan volgens Tata 0,02 procent van de keren ongare cokes.

Sanne Walvisch vond haar droomhuis onder de rook van Tata Steel en daarmee ook de schadelijke stoffen:

www.ad.nl/binnenland/dienst-verviervo...

Bijlage:

voda 20 september 2022 07:23

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Vallourec’s Leveraging Coating Expertise O&G Pipelines in Brazil

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

Leading seamless pipe maker Vallourec Tubular Solutions in Brazil has created reliable and crucial coating technologies for line pipe projects. Currently, Vallourec Tubular Solutions conducts coating activities at two coating factories that work in tandem. The first is located in Belo Horizonte in Minas Gerais, while the other is in Vitória in Espírito Santo. Belo Horizonte’s facility is located within Vallourec’s Barreiro pipe mill, whereas Vitória’s plant is located close to the sea, facilitating the shipment of finished goods to the ports. Together, these two sites are the humming engine powering Vallourec’s line pipe coating capabilities. Vallourec Tubular Solutions’ site at Espírito Santo can coat line pipes with an outer diameter ranging between 6-20 inches with lengths varying from 8.3-18 meters, while the Belo Horizonte site covers OD from 2-14 inches. The integrated maximum capacity is around 2,000,000 square meters per year, and both sites can apply four types of coatings

3LPE – 3-layer PolyEthylene

3LPP – 3-layer PolyPropylene

3LPS – 3-layer PolyStyrene, brand name ULTRA

FBE – Fusion Bonded Epoxy, single layer or dual layer

Line pipes used in offshore projects need to hold up under extremely harsh conditions. Coatings are materials selected for their protective properties that are applied to line pipes for preventing corrosion and minimizing wear on line pipes in the oil and gas industry. Since 2018, VTS has taken on a range of coating projects, using innovative techniques on installations worldwide.

Equinor - Peregrino Phase II: The 96 km of line pipes used for this project were coated with ULTRA. This high-density Polystyrene coating maintains performance for pipes using a thin layer of insulation, keeping weight down while decreasing costs and simplifying logistics.

QatarPetroleum - CO2 WAG: Comprised of 155 km of line pipes, this project applies a fusion bonded epoxy, FBE dual layer, coating to API X65 steel grade pipes. To successfully deliver these delicately coated pipes, VTS created custom wooden master bundles to reduce costs and damage from shipping to Qatar.

Petrobras - Mero I and II: Phase I of these field developments included 94 km of line pipes with 3-layer Polypropylene and glass synthetic Polypropylene GSPP coating. Phase II began in July, following six months of full-scale coating tests, and will use 96 km of 5LPP/GSPP coated line pipes.

Gas to Energy: Both EPC5 and EPC6 scopes comprising over 230 km of 3LPE and rough coated line pipes will be produced within the next two years. This project will be delivered to serve recent discoveries by ExxonMobil in Republic of Guyana waters.

voda 20 september 2022 07:23

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US Steel Production Capacity Utilization Dips in Week 37

Strategic Research Institute
Published on :
20 Sep, 2022, 6:19 am

American Iron & Steel Institute announced that in the week ending on 17 September 2022, US’s domestic raw steel production was 1.694 million net tons while the capability utilization rate was 76.9%. Production was 1.839 million net tons in the week ending 17 September 2021 while the capability utilization then was 83.3%. Last week production represents a 7.9% decrease from the same period in the previous year. Production for the week ending 17 September 2022 is down 1.7% from the previous week ending 10 September 2022 when production was 1.723 million net tons and the rate of capability utilization was 78.2%

Southern: 727 KNT

Great Lakes: 562 KNT

Midwest: 195 KNT

North East: 142 KNT

Western: 68 KNT

Adjusted year-to-date production through 17 September 2022 was 64.735 million net tons, at a capability utilization rate of 79.7%. That is down 3.9% from the 67.369 million net tons during the same period last year, when the capability utilization rate was 81.0%.

voda 20 september 2022 07:24

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Amreli Steels Extends Shut Down as Flood Impacts Demand

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

Karachi headquartered Pakistan’s leading rebar maker Amreli Steels has announced that it will resume its production from 1 October 2022 as it has sufficient stocks in hand to meet its customers demand during the period of shutdown.

In an earlier stock filing on 31 August, Amreli Steels had announced that it is shutting down its plant for twenty days. . Amreli Steels said “it has decided to shut down its plants for twenty days owing to low demand of steel rebars in the country due to unprecedented monsoon rains and flash floods witnessed across the country. Consequently, no manufacturing will take place from 31 August to 19 September 2022.”

The development comes after floods caused by record-breaking torrential rains have devastated the north and south of the country, affecting over 33 million while causing large-scale infrastructural damage. Over 80 districts in Sindh, Punjab, Balochistan, and Khyber Pakhtunkhwa have been officially notified as calamity hit with over 1,500 dead since 14 June. The flooding comes at a time when the economy remains engulfed in high inflation and depleting forex reserves. Government officials have said that devastation due to floods would cost the Pakistan economy at least USD 10 billion.

Mr Abbas Akberali founded Amreli Steels in 1972 and since then it become the largest and most well-known steel bar manufacturer in Pakistan.

voda 20 september 2022 07:24

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Ship Recycling Activity in Currency Frenzy

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

World's leading cash buyer of ships for recycling GMS said that “While the recycling industry seemed to witness some activity surfacing from the sub-continent markets last week, last week turned into a currency frenzy in both, Bangladesh and Pakistan, as the summer of minimal activity and sales seems as though it will sluggishly drag on. Both locations reportedly experienced a sharp decline in their domestic currencies within the week, leading to more confusion & caution in the sub-continent and this could take a week or more of a watch-and wait attitude to see where post-currency-crash vessel pricing will eventually land.”

GMS said “It was the Indian market that remained the only sub-continent recycling destination where demand and fundamentals remained ironically stable through the course of the week, despite the ongoing domestic plate price volatility that has beset itself as an enduring reality.”

GMS also said “West end of things, the Turkish market suffered another decline in local plate prices this week, ensuring local sentiment remains disinterested & depressed and would seemingly remain so, for some time ahead.”

GMS added “On the supply side, even as dry bulk charter levels cool off, the industry has still not witnessed a deluge of dry units being introduced for recycling, despite a collection of 90s built units that are still operating on various trades and this is where much of the supply is expected to come from as we head into the fourth quarter of the year. There is also the expectation that containers will return for recycling at some stage, as charter rates have also come off from some of the historical highs seen over this latest Bull Run. As such, the question as to whether it may be as busy an end to the year is up in the air, at least until pricing chart below eventually re-adjusts to the new realities on the ground.”

GMS Price Assessment - India/Bangladesh/Pakistan – Week 37 Unchanged

Dry Bulk – USD 550-570 per LDT

Tankers - USD 560-580 per LDT

Containers - USD 570-590 per LDT

voda 20 september 2022 07:25

0

Watani Steel Secures Funds for Working Capital

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

Mubasher reported that Riyadh based Saudi Arabian steel maker Watania Steel has renewed and amended a Sharia-compliant credit facility agreement worth SAR 60 million with Bank Albilad. The loan term began on 7 September 2022 and will end on 1 September 2023. The facility agreement is secured by a promissory note with the value of the facilities in favor of the bank. The loan aims to finance the steel company’s working capital

Furthermore, Watani Iron Steel renewed a short-term SAR 60 million credit facility agreement to finance its working capital, with a lower profit rate for the current year, compared to a year earlier, whilst maintaining a promissory note with the value of the facilities in favor of the bank only.

Watania Steel is also planning to list its shares on Saudi Arabia's main market by 2024 after expanding its production capacity. The company recently announced the launch of a new production line to double output to 750,000 tonnes per annum of steel rebars

Watania Steel was established in 2008 to produce rebar that meets the growing demand in the Kingdom. The firm produces billet and rebar ranging from 12-32mm in diameter. Watania Steel caters to several mega projects in the Kingdom, including King Salman Park and Diriyah Gate projects. It will also supply 20% of its production to NEOM mega city over the coming period.

Vertraagd	13 mei 2024 17:37
Koers	23,950
Verschil	+0,070 (+0,29%)
Hoog	23,990
Laag	23,750
Volume	1.896.278
Volume gemiddeld	2.541.425
Volume gisteren	2.942.344

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