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voda 3 november 2022 06:41

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Two Tier Market Emerges in Ship Recycling Sector

Strategic Research Institute
Published on :
3 Nov, 2022, 5:02 am

World's leading cash buyer of ships for recycling GMS said that “Activity and action remain sparse across all recycling destinations, with very few market sales to speak of, including minimal firm interest or serious numbers from End Buyers that may tempt Owners & Cash Buyers to engage in any meaningful negotiations. Fundamentals, which remain the primary driving factors of the ongoing volatility, remain precariously poised across all locations, with steel prices volatile & down and currencies still struggling to find stable footing. As a result, a sort of two tier market has emerged, one where Cash Buyers, Brokers and Owners expect the market to be at a certain level, and another where Local Recyclers seem to be intentionally positioning prices well below asking levels, and both are about USD 50/LDT apart at this time.”

GMS said “Only on select and favored tonnage, like Russian built tankers or smaller LDT specialized units in decent condition are welcomed with acceptable numbers from the markets, particularly from a picky Bangladesh. Standard Handy, Panamax Bulk Carriers, and Capes are seeing prices in the mid USD 550s/LDT., if at all, as the number of End Buyers with the ability to establish workable L/Cs across the sub-continent continues to dwindle.”

GMS added “Diwali holidays in India have afforded the market there a break, but the persistent inertia evident in Pakistan and Bangladesh has become a prolonged malaise and does not giving Cash Buyers any confidence to offer on any of the small number of candidates available for recycling, instead prefer the far more bullish trading sector as a viable alternative.”

GMS Price Assessment - India/Bangladesh/Pakistan – Week 39 Unchanged

Dry Bulk – USD 550-570 per LDT

Tankers - USD 560-580 per LDT

Containers - USD 570-590 per LDT

voda 3 november 2022 06:42

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US Steel Production Capacity Utilization Slips Further in Week 43

Strategic Research Institute
Published on :
3 Nov, 2022, 5:03 am

American Iron & Steel Institute announced that in the week ending on 29 October 2022, US’s domestic raw steel production was 1,663 million net tons while the capability utilization rate was 74.5%. Production was 1.836 million net tons in the week ending 29 October 2021 while the capability utilization then was 83.2%. The current week production represents a 9.4% decrease from the same period in the previous year. Production for the week ending 29 October 2022 is down 0.4% from the previous week ending 22 October 2022 when production was 1.669 million net tons and the rate of capability utilization was 74.8%

Southern: 721

Great Lakes: 556

Midwest: 176

North East: 144

Western: 66

Adjusted year-to-date production through 29 October 2022 was 74.707 million net tons, at a capability utilization rate of 79.0%. That is down 4.7% from the 78.392 million net tons during the same period last year, when the capability utilization rate was 81.2%

voda 3 november 2022 06:43

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Acerinox Recognizes Best Ever January-September Results

Strategic Research Institute
Published on :
3 Nov, 2022, 5:05 am

Spain headquartered leading stainless steelmaker Acerinox has recognized profits after tax and non-controlling interests amounting to EUR 741 million in the first nine months of the year. Acerinox recognized revenue of EUR 6,996 million, giving rise to a 47% increase compared to the first nine months of 2021. Moreover, EBITDA, which totaled EUR 1,186 million, was 77% higher than that of the same period in 2021, and the EBITDA margin on sales increased to 17%. Melting shop production, 1.792 million tonnes, decreased by 10% compared to the same

Acerinox said “Our main market, the United States, maintain a better tone than the rest of the markets. This is expected to continue in the coming months. The high levels of imports and inventories reached in the summer have led us to reduce production and sales in order to optimize margins. The outlook in main market, the United States, is positive, while in Europe uncertainty prevails, due to the war and high energy prices. The fourth quarter will be affected by the inventory reduction in the market and the aforementioned circumstances, and we expect EBITDA to be lower than in the third quarter. Even so, the 2022 results will be the best in our history, thus demonstrating our capacity to take advantage of the good moments in the cycle and the level of competitiveness achieved. In the fourth quarter we expect a reduction in working capital, which would have a positive effect on cash generation and debt reduction.”

voda 3 november 2022 06:43

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Vallourec Supplies Pipes for Hydrogen Refueling System for Trains

Strategic Research Institute
Published on :
3 Nov, 2022, 5:07 am

Leading company in global industrial gases and engineering Linde has officially launched the world's first hydrogen refueling system for passenger trains in Germany’s Lower Saxony state. In this context, Vallourec supplied high-pressure pipes to Van Halteren Technologies in Boxtel for the manufacturing of piston accumulators intended for the Bremerhaven refueling station of the Buxtehude-Cuxhaven train line.

Back in August 2022, Linde inaugurated the world's first hydrogen refueling system for passenger trains in Germany’s Lower Saxony state. The system will supply 14 Coradia iLint hydrogen-powered passenger trains in the town of Bremervörde, Rotenburg district. With a single refueling, the trains will be able to run 1,000 kilometers and are expected to gradually replace the existing diesel-powered fleet. With a total daily capacity of around 1,600 kilograms, the hydrogen refueling system was built with the ability to integrate future on-site green hydrogen generation.

Van Halteren Technologies in Boxtel, a specialist in hydraulic systems and mechanical engineering, approached Vallourec for the supply of high-pressure pipes for the manufacturing of 64 piston accumulators intended for the Bremerhaven refueling station of the Buxtehude-Cuxhaven train line. The piston accumulators will contain up to 1,800kg of hydrogen at a constant pressure storage of 500 bar. This is an alternative design to refueling by pressure drop which is the most common system using cascades of hydrogen cylinders. By comparison, piston accumulators require an additional hydraulic circuit, but allow full use of the storage volume and minimize the number of tanks needed.

For Van Halteren Technologies’ request, Vallourec provided 64 pipes in 460mm outer diameter and 40mm wall thickness. Thanks to its mills across the globe, Vallourec has the ability to provide customers with large dimension pipes up to 710mm and thick walls up to 110mm, providing designed thickness to withstand high pressure, even after machining and finishing. Wide capability range allows for tailor-made and optimized solutions, helping customers to optimize the dimensions in an effort to maximize the storage system’s overall cost efficiency.

Vallourec’s pipes delivered to Van Halteren Technologies were manufactured in grade 34CrMo4+QT, a grade qualified by Vallourec for hydrogen high-pressure storage. Vallourec also provided quality heat-treatment (quenching and tempering) as well as a customized surface finishing specially adapted for its application, i.e. the piston accumulator was produced with the required extra smooth surface finish including tight shape and position tolerances to ensure high hydrogen pressure tightness and precise piston movement.

voda 3 november 2022 06:44

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Highbar to Build Two Mini Rebar Mills in Osceola in Arkansas

Strategic Research Institute
Published on :
3 Nov, 2022, 5:08 am

Newly formed Highbar has selected a Greenfield site in Northeast Arkansas to build the first of two rebar steel mini mills. The USD 500 million Highbar mill will sit on over 600 acres of property just outside of the town of Osceola. The project will include space for an expanded Mississippi River port facility, a direct Class 1 railroad connection, and a planned adjacent solar installation.

Highbar CEO Mr Dave Stickler said “My team and I have had great success investing billions of dollars in Northeast Arkansas over the past eight years. I am pleased that after conducting a multi-state site searches that we are able to make this announcement. Arkansas is a great place to conduct business, especially steel business.”

The mills are designed to be world leaders in terms of energy and water efficiency, labor productivity, and carbon emission reductions. Groundbreaking is scheduled to take place in the second quarter of 2023 once final permits are in place and equipment deliveries begin.

voda 3 november 2022 06:44

0

Marubeni-Itochu Acquires Worthington Processing's Jackson Plant

Strategic Research Institute
Published on :
3 Nov, 2022, 5:09 am

Marubeni-Itochu Steel announced that through its North American subsidiary, Marubeni-Itochu Steel America, it has completed its acquisition of Worthington Specialty Processing’s remaining facility in Jackson in Michigan. The Jackson facility will be renamed MISA Specialty Processing

Worthington Specialty Processing is a 51%/49% joint venture between Worthington Industries and United States Steel Corporation, respectively.

The acquisition is part of MISI’s strategy to expand its steel processing capacity to service customers in the North American automotive industry.

MISI is already a partner with Worthington Industries in the US through the company’s ClarkDietrich building products joint venture.

The terms of this all-cash transaction have not been disclosed.

voda 3 november 2022 06:46

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DB Cargo & ArcelorMittal to Cut Dust during Train Transportation

Strategic Research Institute
Published on :
3 Nov, 2022, 5:11 am

Europe’s leading logistics firm DB Cargo and ArcelorMittal Germany have developed a new unloading system that minimizes dust formation to reduce the footprint of this supply chain is right at the start. The unloading system was developed by the Austrian manufacturer Innofreight. This is partially automated, and protects the environment against fine dust and emissions. The materials used in steel production, such as ore, coke and limestone, can be handled with almost no dust formation. In the future, green sponge iron, a precursor for climate-neutral steel production, will also be transported this way

At the same time, lighter wagons and special containers increase the efficiency of the freight trains that transport the steel. The new equipment optimizes the loading volume and increases the payload per train by up to 20%. Fewer freight trains have to run for the same transport volume. More than 90% of the required raw materials can be delivered in such a climate-friendly way

ArcelorMittal is planning further investments in Eisenhüttenstadt: two electric arc furnaces are to be built that will produce crude steel based on recycling scrap and sponge iron made with green hydrogen. The sponge iron is initially to be transported by rail from a plant planned at ArcelorMittal in Bremen to the unloading facilities in Eisenhüttenstadt.

voda 3 november 2022 06:47

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Corinth Pipeworks Bags Manufacturing Excellence Awards 2022

Strategic Research Institute
Published on :
3 Nov, 2022, 5:13 am

Greek Cenergy Holdings Corinth Pipeworks was awarded with silver awards at the 2022’s Manufacturing Excellence Awards organized by BOUSSIAS held at Sofitel Hotel on Tuesday the 1st of November 2022, in the following categories:

1. Effective Management & Production Systems: “BEST IWS” Operational Excellence Program.

2. Smart Factory: Implementation of Digital Twin technology in the Steel Pipe Industry.

3. For the fourth consecutive year, these awards recognize the leaders of the Greek industrial sector in the areas of ingenuity, business acumen and green development through digital transformation.

As a result, efficiency and excellence are recognized, rewarded and key industry influencers are mobilized to improve ESG indicators by emulating the best practices in the Greek and international market.

Corinth Pipeworks is leading the developments of the energy market and takes actions to provide solutions that allow the increasing use of renewable sources in the energy mix through the development of innovative products and the reduction of the carbon footprint of its production activities.

voda 3 november 2022 06:47

0

Tata Steel Supplies Tata Aggreto & Tata Nirman to BRO

Strategic Research Institute
Published on :
3 Nov, 2022, 5:14 am

Tata Steel has dispatched the first-ever consignment of company’s branded steel slag aggregates Tata Aggreto to Border Roads Organisation for the construction of roads in Arunachal Pradesh under Project Arunank. Tata Steel's Industrial By-products Management Division will be supplying ~1200 tonnes of processed steel slag aggregates to the BRO project in Arunachal Pradesh.

With “Zero Waste” goal, Tata Steel has created a dedicated profit centre for by-products management Industrial By-Product Management Division to ensure efficient by-products management. The by-products are processed to maximize their value so that they can be recycled or reused in various applications. In the year 2018, Tata Steel launched Tata Aggreto, India’s first branded product manufactured from processed steel slag. Tata Steel has also commissioned a first-of-its-kind accelerated weathering facility through steam aging at both Jamshedpur & Kalinganagar for the processing of steel slag.

Tata Aggreto has been extensively used in construction of National Highways, State Highways, City and Rural Roads in Jharkhand and Odisha. NH33 is India’s first National highway constructed using processed Steel Slag. Over 40 km stretch of NH33 has been constructed utilizing approx. a million tonnes of Tata Aggreto.

voda 3 november 2022 06:48

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Alro Steel Adds Jumbo 24 Inch Tube Laser Line at Potterville

Strategic Research Institute
Published on :
3 Nov, 2022, 5:16 am

US’s steel processor & distributor Alro Steel has recently added a 24 inch tube laser to fleet of 12 tube lasers at Alro Steel in Potterville in Michigan. This new machine is one of the world’s largest with capabilities that include cutting up to 24 inch diameter, 16 inch square tube and 18 inch beams in maximum length of 50 feet.

Tube lasers can cut carbon steel, stainless steel, and aluminum in shapes including angle, channel, beam, round tube, square tube, and rectangular tube.

Other features of tube laser cutting include:

Ability to miter cut, tap, notch, pipe joints, slot holes, tabs, and etching

Reduce the need for sawing, fixturing, milling, drilling, punching, bending, and welding

Dramatically reduce assembly time

High-quality cut and parts repeatability

voda 3 november 2022 06:48

0

Transaction Adviser Named for Ajaokuta Steel Concession

Strategic Research Institute
Published on :
3 Nov, 2022, 5:17 am

Nigeria’s Vice President Professor Yemi Osinbajo has announced the readiness of the federal government to break the jinx associated with the non-completion of the Ajaokuta Steel Company more than 40 years after its conception by naming transaction adviser for the concessioning of the steel company. He said “To this end, a transaction adviser has been appointed to concession the Ajaokuta Steel Company and the Nigerian Iron Ore Mining Company, Itakpe. The selection process is ongoing. Our commitment is to break the jinx and actualize the dream of a vibrant steel sector.”

He emphasized that the development of the steel sector remains a huge priority of the present administration. He said “Our vision for an industrialized nation cannot be achieved without a vibrant steel sector. We understand the huge demand for steel and iron in our domestic markets and across the sub-region.”

Professor Osinbajo added that a fully developed mines and steel sector would not only surpass other sectors of the economy in terms of export earnings, but would also create more lucrative jobs and opportunities for many Nigerians.

voda 3 november 2022 06:49

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Emirates Steel Arkan Q3 Profit Surges by 49% YoY

Strategic Research Institute
Published on :
3 Nov, 2022, 5:19 am

UAE’s leading steelmaker Emirates Steel Arkan has reported a 29% YoY jump in revenues in Q3 of 2022 at AED 2.51 billion and net profit of AED 103 million in the third quarter compared to a pre-merger pro-forma loss of AED 79 million in the same period of last year. Emirates Steel Arkan said that gains were driven by the group’s strategy to diversify revenues through increased exports to over 70 markets, prudent cost control and an increase in operational efficiencies.

Revenues for the first nine months of 2022 rose to AED 7.12 billion versus pro-forma AED 6.20 billion in the same period last year. The group reported EBITDA of AED863 million, a 134% YoY increase from pro-forma AED 369 million in the year-ago period. Net profit in the first nine months of 2022 was AED 383 million compared to a pre-merger pro-forma loss of AED119 million in the same period last year.

voda 3 november 2022 06:50

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Dillinger Plates used for Europe’s Largest Ship Elevator

Strategic Research Institute
Published on :
3 Nov, 2022, 5:21 am

The new ship lift that recently opened in Niederfinow is built with steel from Dillinger. Located at the eastern end of the Oder-Havel Canal in Niederfinow in Brandenburg in Germany, it hoists ships in a suspended steel trough over a 36-meter difference in elevation from the Oder into the Havel Canal and vice versa. . Dillinger supplied around 5,500 tonnes of heavy plate in thicknesses ranging from 10 to 80 mm for the trough, the cable pulley supports and the canal bridge of this spectacular structure.

The new structure was built because the old lift from 1934 had become too small for modern coaster vessels and container ships. The new system, 55 meters high, 46 meters wide and 133 meters long, dwarfs the roughly 90-year-old hoist that stands next to it. The high proportion of glass and the yellow and blue steel beams give it a much more modern appearance and it is also equipped with the latest digital technology: While lock operation in the old lift is done manually and with the push of a button, in the new construction, the lock is operated using digital technology. With its remarkable dimensions, the new lift now also allows passage of larger container ships as well as river cruise ships of up to 110 meters in length.

The overall structure is divided into the hoist with trough, the upper and lowers outer harbors, and a canal bridge approximately 65 meters long. The trough itself weighs over 2,000 tonnes and includes a usable length of 115 meters, a width of 12.5 meters, a lifting height of 38 meters and a water depth of 4 meters

Heavy plate from Dillinger has proven its value all over the world. The steel expert with centuries of experience has supplied its plates for countless major steel structures, including the gigantic Boston Flood Barrier in the UK and the spectacular Neckar Bridge. Dillinger is also a specialist in the production of heavy plate for steel pipes used in offshore wind turbines. As a major player in the energy transition, Dillinger supplies a large number of wind farms in Europe and worldwide.

voda 3 november 2022 06:50

0

Metinvest Provides Update on Operations in Ukraine

Strategic Research Institute
Published on :
3 Nov, 2022, 5:23 am

Ukrainian steel maker Metinvest announced that “It’s enterprises in Zaporizhzhia, Kamianske, Pokrovsk and Kryvyi Rih continue to make and ship products to Ukrainian and foreign customers at different capacity utilisation levels. These are the Pokrovske Coal (Pokrovsk, Donetsk region), Unisteel and the Ingulets, Northern and Central GOKs (Kryvyi Rih, Dnipropetrovsk region), Kamet Steel (Kamianske, Dnipropetrovsk region) and Zaporizhstal, which is classified as a joint venture (Zaporizhzhia, Zaporizhzhia region). All continue to work at different utilisation levels, based on safety, logistical and economic factors. Their products are available for sale on Ukrainian and foreign markets. Production in Avdiivka has been temporarily halted for employee safety reasons and because of hostilities not far from the city.”

It also said “Production at the Group’s enterprises in Mariupol has been suspended since 24 February 2022 because of the Russian military aggression. As the city is occupied, Metinvest cannot continue production at its entities there, namely Azovstal, Ilyich Steel, Mariupol Machining and Repair Plant and the Mariupol branch of Metinvest-Promservice. Control over them and production can be restored only if the occupation ends and the city is returned to the Ukrainian government. In addition, a detailed review of the technical condition of the Group’s assets in Mariupol and appropriate repair work will be necessary.”

At the same time, warehouses and distribution centres of Metinvest in Ukraine and other European countries still have steel products made by the Group’s enterprises in Mariupol before 24 February 2022. These products, with appropriate labelling and documentation, are available for sale.

voda 3 november 2022 06:51

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Outokumpu Completes Negotiations for Ferrochrome Production Cut

Strategic Research Institute
Published on :
3 Nov, 2022, 5:24 am

Outokumpu has completed its change negotiations related to the company's plans to further restrict the ferrochrome production and to delay the restart of one ferrochrome furnace after a maintenance break at least until the end of the first quarter of 2023. At the start of the negotiations, Outokumpu announced that the planned measures would concern at most 70 people. The aim in the change negotiations was to find a solution where Outokumpu would be able to employ the ferrochrome personnel in the other Tornio operations. As a result of the negotiations, the fixed-term measures will affect 52 people for whom the aim is to find work in the other Tornio operations.

Outokumpu’s Ferrochrome President Mr Martti Sassi said “The further delay of the restarting of the furnace is a difficult but necessary measure in an utterly exceptional situation. The price of electricity remains exceptionally high, and the high price continues to have a negative impact on our cost competitiveness compared to the competitors, mainly from outside Europe. The change negotiations were conducted in good cooperation, thank you to all parties involved in the process.”

voda 3 november 2022 06:52

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Danieli to Upgrade Ring-Rolling Forging Mill of Siderforgerossi

Strategic Research Institute
Published on :
3 Nov, 2022, 5:26 am

Siderforgerossi Group selected Danieli for the extensive mechanical, electrical and hydraulic overhauling of the 250/200 tonne, radial axial ring-rolling mill in operation at the Arsiero forging shop in Veneto in Italy. The radial-axial ring-rolling mill will undergo a major renovation involving mechanical parts, hydraulic and automation systems, to increase the maximum radial rolling force from 315 to 400 tons. This will make it possible to produce rings with improved dimensional accuracy, including near-net shape titanium casings, and made by materials designed for high-temperatures, such as nickel-based superalloys like Inconel® 718 for aerospace applications.

A detailed feasibility study developed by a Siderforgerossi and Danieli joint project team led to the most profitable solutions to reach the desired product quality and production goals, minimizing project risks, whilst improving operational safety and reliability. The new automation system will feature a modern interface and a full set of controls for efficient management of the process.

The revamped ring-rolling mill will be in operation by the end of 2023.

voda 3 november 2022 06:52

0

Nippon Steel Launches NSCarbolex Solution Brand

Strategic Research Institute
Published on :
3 Nov, 2022, 5:28 am

Nippon Steel has launched a new brand NSCarbolex Solution, which comprehensively features advanced products and technical solutions to contribute to reducing CO2 emissions in society. NSCarbolex™ is a brand that integrates NSCarbolex Neutral, steel products announced earlier this year that are certified as reducing CO2 emissions in the steelmaking process, and NSCarbolex Solution

Nippon Steel said “To communicate our work surrounding these products and outcomes in an easy-to-understand way, we have recently opened a website focusing on NSCarbolex, through which we will provide information on the brand. At the same time, we will enhance and expand the brand product and solution menu and establish a stable supply system to help our customers decarbonize their businesses and increase their market competitiveness, then eventually contribute to the realization of a carbon neutral society.”

Nippon Steel’s advanced products and technical solutions are already contributing to CO2 emission reduction in various areas of society. Some specific examples include NSafe-AutoConcept, which reduces CO2 emissions during the manufacturing and driving of vehicles; high-efficiency electrical steel sheets that improve motor efficiency and reduce energy losses in power grids; ProStruct, a brand to offer solutions for construction materials to enhance productivity on construction sites; and HRX19 stainless steel for high-pressure hydrogen environments to contribute to the realization of a hydrogen society.

voda 3 november 2022 06:53

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EU’s Steel-Using Sectors to Get Impacted in 2023

Strategic Research Institute
Published on :
3 Nov, 2022, 5:30 am

The European Steel Association EUROFER in latest Economic Report for Q4 of 2022 said “Despite the heavy disruptions and the weakened demand outlook caused by Russia's invasion of Ukraine, steel using sectors output recorded the sixth consecutive year-on-year growth over the second quarter of 2022 5.71%, gaining further speed compared to the first quarter 6.91%. This is a continuation of the carry-over effect of the positive trend seen since the third quarter of 2020 when industry began to rebound very strongly after pandemic-led slumps.”

EUROFER said “By contrast, in the second half of 2022 total production activity in steel-using sectors is expected to be considerably impacted by the conflict in Ukraine as well as rising energy prices, that took their toll in terms of production costs and lower output Total output in steel-using sectors is projected to achieve growth 1.91% in 2022 mainly thanks to very positive developments over the first two quarters. This evolution is a combination of favorable trends in the construction, mechanical engineering and transport sectors, plus automotive which returned to positive territory over the second quarter of 2022 after three consecutive quarterly drops, caused by supply chain disruptions.”

EUROFER added “The ongoing energy crisis and the overall rapid deterioration of the economic and industrial outlook are set to take their toll on growth over the next quarters, as recession in Steel Weighted Industrial Production is expected between the fourth quarter of 2022 and the second quarter of 2023. The winter months are predicted to be particularly tough for both industry and the economy in general, with a recession in sight. The rapid deterioration of the global situation due to worsened, persisting downside factors over the summer (war in Ukraine, rising energy prices) have led to a complete revision of output forecast for 2023, when SWIP is expected to fall by 0.9%, albeit with different trends among individual EU economies. This would be the second SWIP recession since 2013, after the one due to the pandemic in 2020, while output was flat in 2019. Based on the current scenario, the economic and industrial outlook is expected to improve only from the second quarter of 2023 onwards. An improvement of industrial outlook is foreseen from the second quarter of 2023 onwards, although subject to a wide degree of uncertainty and unpredictability.”

Construction (35%) – 2022 5.6% & 2023 minus1.0%

Automotive (18%) – 2022 minus 1.7% & 2023 1.1%

Mechanical engineering (14%) – 2022 3.3% & 2023 minus 1.7%

Metal goods (14%) – 2022 3.5% & 2023 minus 2.3%

Tubes (13%) – 2022 1.9% & 2023 minus 0.4%

Domestic appliances (3%) 2022 minus 4.5% & 1.8%

Other Transport (2%) – 2022 6.5% & 2023 0.5%

Miscellaneous (2%) – 2022 4.4% & 202 minus 0.8%

voda 3 november 2022 06:53

0

Tata Steel Publishes EPD for Steel Structural Hollow Sections

Strategic Research Institute
Published on :
3 Nov, 2022, 5:31 am

Tata Steel has published Environmental Product Declaration for Steel Structural Hollow Sections sold under the brand name Tata Structura, as part of its commitment to be a benchmark in sustainability disclosures and to serve its customers with product specific sustainability information. The Life Cycle Assessment study carried out for developing the EPD for steel products is done as per ISO 14040 and ISO 14044 standards. LCA allows companies to evaluate their product’s environmental performance over its entire life cycle. It typically takes into account the full value chain, from material extraction to manufactured product, its usage stage, and end-of-life impacts.

Steel Structural hollow sections under the brand name Tata Structura cater to construction segment and for various aesthetic applications. Tubes SBU manufactures structural tubes conforming to IS:4923 and IS:1161 for Square/Rectangular and Circular Hollow sections respectively. It is a very versatile product and finds application across construction segments – (e.g.) infrastructure projects like airports, railways & metro stations, housing & commercial, large stadiums & sports arenas, industrial sheds & warehouses, and aesthetic sculptures. It is available with a yield strength ranging from 210 to 410 MPa.

This is the second EPD from Tata Steel Limited after the publication of Steel Rebars EPD. Tata Steel will focus on securing eco-labels (GreenPro and EPD) for its key products and on maximizing the coverage of its products across various sites under LCA to support the customers with product-related sustainability disclosures enabling designers, customers understand better a product’s environmental impact.

EPDs are Type III eco-labels that transparently declare the product’s environmental impact over its life cycle across various indicators. It is a comprehensive, third-party reviewed report that acts as a verified document in communicating a product’s life cycle environmental impact for disclosure purposes. EPD is widely used in green building and construction material industry as it accounts for scoring the required credit points in green building assessment system. It can also be used in prioritizing products based on green public procurement policies. The EPD is published in the International EPD System

Tata Steel has already received GreenPro certification for many of its products including Steel Structural Hollow Sections (Tata Structura), Tata Tiscon (Steel Rebars), Tata Pradesh, Tata Ezyfit and Ground Granulated Blast Furnace Slag. GreenPro certified products are recognized in the Indian Green Building Council (IGBC) rating system as well as by various government institutions (Chennai Metro, Delhi Metro, etc.). In Europe, the Company has produced over 50 Environmental Product Declarations (EPDs) for its construction sector customers – a milestone in environmental impact transparency and reporting.

voda 3 november 2022 06:54

0

JSWs Bellary Steel Plant to be largest in World – Mr Sajjan Jindal

Strategic Research Institute
Published on :
3 Nov, 2022, 5:32 am

JSW Group Chairman Mr Sajjan Jindal Speaking at the inaugural Invest Karnataka 2022 Global Investors Meet in Bengaluru, assuring the Karnataka government of investing INR 100,000 crore in the state in the coming years said “The steel plant at Bellary is the largest in the country & the plant will soon be the largest in the world.”

The investment will be towards expanding JSW’s steel plant in the state, renewable energy projects, and a Greenfield port.

Mr Jindal, while speaking at the sidelines of an event at the Indian Chamber of Commerce in Kolkata said “While JSW aggressively acquired assets from bankruptcy courts in the last four years, there are not enough left now. “The government may divest some of the steel units. We may look at them.”

JSW Steel has set an ambitious target to reach 50 million tonne steel-making capacity by 2030, scaling up from 27 million tonne and aligning itself with the projected growth of the Indian economy.

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