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voda 15 november 2022 08:16

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Fortescue Future Joins Forces with Kazakhstan for Green Energy

Strategic Research Institute
Published on :
14 Nov, 2022, 12:50 pm

Australian iron ore miner FMG’s Fortescue Future Industries and the Government of the Republic of Kazakhstan have agreed to work together to explore the potential delivery of renewable energy projects and green hydrogen production in Kazakhstan. The agreement further strengthens the close friendship between Fortescue and Kazakhstan, with Fortescue Chairman and Founder, Dr Andrew Forrest AO, holding detailed discussions most recently with President Kassym-Jomart Tokayev in Nur-Sultan in August.

Dr Forrest today met with the Prime Minister of the Republic of Kazakhstan, Alikhan Smailov, on day two of COP27 in Sharm El-Sheikh, Egypt. The pair signed a Framework Agreement to explore potential projects for renewable energy sources and green hydrogen production in several regions of Kazakhstan, including Atyrau and Mangistau – areas rich with water and wind resources.

This shift is intended to help meet the Government’s ambitious goals of reducing the country’s greenhouse gas emissions to 15 per cent below their 1990 levels by 2030 and of reaching carbon neutrality by 2060.

FFI considers Kazakhstan to have significant wind and solar energy capacity.

Kazakhstan generates more than 70 per cent of its electricity from coal but aims for other sources to supply half its power by 2050.

voda 16 november 2022 07:36

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US Steel Production Capacity Utilization Stays below 74% in W45

Strategic Research Institute
Published on :
16 Nov, 2022, 4:15 am

American Iron & Steel Institute reported that in the week ending on 12 November 2022, US’s domestic raw steel production was 1.645 million net tons while the capability utilization rate was 73.7%. Production was 1.828 million net tons in the week ending 12 November 2021 while the capability utilization then was 82.8%. The current week production represents a 10.0% decrease from the same period in the previous year. Production for the week ending 12 November 2022 is up 0.3% from the previous week ending 5 November 2022 when production was 1.640 million net tons and the rate of capability utilization was 73.5%

Southern: 709 KNT

Great Lakes: 536 KNT

Midwest: 187 KNT

North East: 143 KNT

Western: 70 KNT

Adjusted year-to-date production through 12 November 2022 was 77.992 million net tons, at a capability utilization rate of 78.8%. That is down 4.9% from the 82.049 million net tons during the same period last year, when the capability utilization rate was 81.3%

Broken down by districts, here’s production for the week ending November 12, 2022 in thousands of net tons: North East: 143; Great Lakes: 536; Midwest: 187; Southern: 709 and Western: 70 for a total of 1645.

voda 16 november 2022 07:43

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Shipbreaking Markets Shut Doors on Low Pricing

Strategic Research Institute
Published on :
16 Nov, 2022, 4:19 am

World’s leading buyer of old ships for recycling GMS said “The decline of the sub-continent markets came into stark view once again last week, with even vintage tonnage being returned to trading lanes, such is the ineptitude and reluctance of collective sub-continent recyclers to commit on the paucity of any available units, at anywhere near sensible numbers. Reliability and workable LCs remain a key concern for Cash Buyers and Ship Owners alike, with Bangladesh all but limiting new arrivals as the Central State bank refuses to sanction any fresh financing for ship recycling endeavors. Reportedly, only essentials (such as food, fuel, and fertilizers) are able to procure Central State bank approval in Bangladesh, especially for the valuable reserves of US Dollars that are budgeted for domestic expenses. This means that only a small number of Bangladeshi Buyers who have access to private funds are able to secure vessels for recycling at the moment.”

GMS said “Meanwhile, steel plate prices have been falling (more than firming) across the sub-continent markets and currencies have also depreciated astonishingly across all locations to record / historical lows and this is not giving Recyclers any confidence to offer up firm or even workable levels with any sort of certainty.”

GMS added “India remains perhaps the most reliable and performing of all markets, even though prices have come off significantly in Alang, and any available offers are tentative at best, coming in at the low USD 500s/LDT, levels that are now becoming an unfortunate reality of ship recycling today. Pakistan is similarly low, with End Buyers (for the most part) keeping their eyes on competing markets before offering generally unworkable and depressed numbers.”

GMS concluded “Finally, after last week’s dip in plate prices, Turkey remains suspended in ‘airplane mode’ with an additional dip in plate prices this week, and no activity reportedly taking place in Aliaga this week.”

GMS demo rankings – India/Pakistan/Bangladesh – Week45 Down USD 10 WoW

Dry Bulk – USD 520-540 per LDT

Tankers – USD 530-550 per LDT

Containers - USD 540-560 per LDT

voda 16 november 2022 07:44

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Trane Technologies to Cut Carbon Impact of HVAC

Strategic Research Institute
Published on :
16 Nov, 2022, 4:20 am

Swords Ireland based climate innovator Trane Technologies will further reduce the carbon impact of its industry-leading, sustainable HVAC solutions by purchasing low-carbon steel from primary supplier Nucor Corporation’s Econiq, with an additional allotment from US Steel’s verdeX. The steel will be used in US manufacturing operations to build Trane high-efficiency heat pumps and air conditioners for homes, and thermal management systems for commercial buildings such as schools and data centers.

Representing 20% of Trane Technologies' annual steel purchase, the low-carbon steel is nearly 80% less carbon intensive than traditional blast furnace steel. With this purchase, the company expects to reduce nearly 16,000 metric tons of carbon annually with a reduction of 120,000 metric tons by 2030

Trane Technologies pledges to procure, specify or stock 50 percent net-zero steel by 2030 and 100 percent net-zero steel by 2050 as a member of SteelZero. Trane Technologies also is a founding member of the First Movers Coalition. Through bold, industry-leading action and partnerships, Trane Technologies is advancing its 2030 Sustainability Commitments, including the Gigaton Challenge, and its pledge to be net-zero by 2050, with emissions reduction targets validated by the Science Based Targets Initiative.

Trane Technologies is a global climate innovator. Through strategic brands Trane and Thermo King, and portfolio of environmentally responsible products and services, it brings efficient and sustainable climate solutions to buildings, homes and transportation.

voda 16 november 2022 07:44

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Northwest Pipe Launches RBD for Steel Pipe Microtunneling

Strategic Research Institute
Published on :
16 Nov, 2022, 4:23 am

Vancouver Washington headquartered US’s leading manufacturer of water-related infrastructure including engineered pipeline systems and precast products Northwest Pipe Company has developed the Permalok Radial Bending Joint that enables steel pipe to be installed in a curved radius in microtunneling applications. This patent-pending technology is a ground-breaking advancement in trenchless microtunneling construction. The Northwest Pipe Company team developed the proprietary joint design to meet a target radius curve of 800 feet during trenchless installation.

Permalok steel pipe is most often used as a casing pipe for utilities and excels in trenchless jacking applications including microtunneling, pipe jacking, auger boring, and pipe ramming. The press-fit machined joints reduce field time by eliminating butt-weld joints and result in a shortened install duration and reduced field costs. To solidify the joint's validity, the Permalok RBJ has undergone Finite Element Analysis at the University of Thessaly Department of Mechanical Engineering.

The Company manufactures Permalok RBJ in pipe diameters varying from 30 to 156 inches. The actual curve radius is dependent on site conditions as well as the pipe diameter and length.

Founded in 1966, Northwest Pipe Company is a leading manufacturer for water-related infrastructure products. In addition to being the largest manufacturer of engineered steel water pipeline systems in North America, the Company manufactures high-quality precast and reinforced concrete products; water, wastewater, and stormwater equipment; steel casing pipe; bar-wrapped concrete cylinder pipe; and one of the largest offerings of pipeline system joints, fittings, and specialized components.

voda 16 november 2022 07:45

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Mirgor to Buy Outokumpu Fortinox in Latin America

Strategic Research Institute
Published on :
16 Nov, 2022, 4:24 am

Global stainless steel leader Outokumpu, through Outokumpu Holding Nederland & Outokumpu Distribution Benelux, has agreed with Mirgor on the terms and conditions for the sale by Outokumpu to Mirgor of 100% of the shares and capital of Outokumpu Fortinox. Fortinox is the local subsidiary of Outokumpu in Argentina and will continue operating as the exclusive distributor of Outokumpu products in Argentina, Paraguay and Bolivia.

Parties are expecting to close the transaction, upon some operational take over procedures being completed, no later than 24 November 2022.

Outokumpu has reached this agreement within the framework of its global strategy to concentrate its business on the production of the highest quality stainless steel in the central markets and develop distribution networks worldwide.

voda 16 november 2022 07:46

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Nucor Joining United Nations 24/7 Carbon-Free Energy GlobalCompact

Strategic Research Institute
Published on :
16 Nov, 2022, 4:26 am

Charlotte North Carolina headquartered US’s leading steel maker Nucor Corporation is joining the United Nations 24/7 Carbon-Free Energy Global Compact. Nucor is the first major industrial company to join this global effort, which is aimed at accelerating the decarbonization of the world's electricity systems to mitigate climate change and ensure access to clean and affordable electricity.

To further its commitment, Nucor is working with its electricity suppliers to access 24/7 clean energy at the company's steel mills. It is actively investing in a number of innovative projects that it believes will accelerate the transition to 24/7 clean energy. For example, in April 2022, Nucor announced a strategic investment in NuScale Power Corporation, a developer of small modular reactor nuclear plants. Nucor believes this technology presents an incredible opportunity to develop a safe, modern, zero-carbon nuclear energy future.

The Compact was formed in response to the urgent need to drive rapid decarbonization across the global economy. A group of energy buyers, energy suppliers, governments, system operators, solutions providers, investors and other organizations joined together to adopt, enable and advance the transition to a zero-carbon electrical grid. The Compact is a set of principles and actions that stakeholders across the energy ecosystem can commit to in order to drive systemic change.

voda 16 november 2022 07:47

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BENTELER Steel/Tube Offers Tubes Made of Free-Cutting Steel

Strategic Research Institute
Published on :
16 Nov, 2022, 4:28 am

Paderborn Salzburg headquartered Europe’s leading tube maker BENTELER Steel/Tube has succeeded in producing seamless tubes from BENTELER SMARTCUT free-cutting steel for the first time. BENTELER SMARTCUT combines the advantages of highly machinable free-cutting steels with the geometry advantages of a tube and thus optimizes machining. The product line of seamless steel tubes in hot-rolled as well as cold drawn types offers optimized solutions for various applications. In this way, economical machining can be realized both for smaller quantities and for large-scale series production.

Due to the production of the steel in an electric arc furnace, a reduction of the CO2 footprint by more than 70% can be achieved with BENTELER SMARTCUT compared to bar steel from the blast furnace route. In addition, the tubes are guaranteed lead-free in accordance with the EU REACH Regulation to protect the environment.

With BENTELER SMARTCUT, BENTELER Steel/Tube is using the class of free-cutting steels for the first time for a product family of specific tube solutions. With various sulfur contents starting from at least 0.10% sulfur - about three to five times the usual 0.015 to 0.035% for machining tubes - BENTELER SMARTCUT tubes have excellent machinability. This means that the tubes can be processed better and more economically. In addition, material savings of more than 50% compared to steel bars are not uncommon. The use of BENTELER SMARTCUT tubes made of free-cutting steel allows significant productivity increases to be achieved in the machining industry

Together with steel distribution partners and customers, BENTELER Steel/Tube provides application-specific, seamless tube solutions for machining companies, machine builders and manufacturers of precision workpieces with BENTELER SMARTCUT.

Free-cutting steel has been used for a long time as a solid material, mostly in the form of steel bar in the machining industry. This is because the material properties of free-cutting steel with a high sulfur concentration offer advantages in machining operations such as turning, milling or drilling. This manifests itself in faster, more productive machining with better chip formation and longer tool life.

voda 16 november 2022 07:47

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BMW Secures Low CO2-Steel for Global Production Network

Strategic Research Institute
Published on :
16 Nov, 2022, 4:29 am

World’s leading automaker BMW Group is systematically pursuing its climate goals for the supplier network and significantly reducing the carbon footprint of its steel sourcing. Following initial contracts with European suppliers, the BMW Group has now concluded further agreements for the supply of CO2-reduced steel in the US and China. This will reduce the carbon footprint of supply chain by 900,000 tonnes per year, while at the same time driving the transformation of the steel industry

For the Americas region, agreements have already been reached with domestic steel producers Steel Dynamics and Big River Steel, a US Steel facility, to use renewable energy sources in their local steel production. In the US and Mexico, about half of the BMW Group’s flat steel requirements are supplied by the electric arc furnace steelmaking process. The CO2-reduced steel is then used at BMW Group Plants Spartanburg and San Luis Potosí to create car bodies for BMW vehicles. Due to its material properties, steel from electric arc furnaces is particularly suitable for use in structural components such as the underbody.

In China, the BMW Group already signed an agreement in August with steel manufacturer HBIS Group, which will supply the BMW Group plants in Shenyang with CO2-reduced steel from 2023. The HBIS Group is gradually transitioning to a hydrogen-based method in combination with electric arc furnace steelmaking to enable further CO2 savings from 2026. The BMW Group will be the first automotive manufacturer in China to use CO2-reduced steel from the HBIS Group in series production.

The BMW Group has signed an agreement with Salzgitter AG for delivery of lower-CO2 steel. The plan is to use the steel in series production of cars at the BMW Group’s European plants from 2026 onwards. The BMW Group already signed an agreement with Swedish startup H2 Green Steel in October of last year. The company will supply the BMW Group’s European plants with steel produced exclusively using hydrogen and electricity from renewable energies.

voda 16 november 2022 07:48

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Outokumpu to Provide Carbon Footprints for Stainless Steel

Strategic Research Institute
Published on :
16 Nov, 2022, 4:31 am

Finland headquartered Outokumpu is the first stainless steel producer to provide a product-specific carbon footprint based on continuous production data. Now customers can utilize the data to calculate the product carbon footprints of their products and provide more sustainable solutions to the market. This will both help customers in their emission-reduction goals and support Outokumpu’s long-term climate targets* and sustainability strategy.

One of the industries benefiting from product-specific carbon footprint is transport. Transport accounts for 21% of global carbon emissions and the emissions from the transport sector are expected to grow by 20% by 2050 Biofuels and electric vehicle solutions are already in use to cut emissions from heavy road traffic, but we need to use other solutions too. The reduction of emissions from a new vehicle is also affected by, for example, the steel material used in the manufacture of the vehicle and its carbon footprint.

Road transportation, especially buses and coaches, is an area where stainless steel can have a very significant impact in helping to achieve carbon neutral mobility. Companies in the industry have ambitious climate targets and the end-customers’ demands, as well as requirements coming from all major Original Equipment Manufacturers, guide the climate work forward. With this new feature, it is also interesting to see how the customers would now be able to design CO2-emission optimized products for the upcoming application generations – for example next-generation vehicles

Many companies are calculating and reporting direct and indirect emissions, but there is a growing need to reduce all other indirect emissions from a company’s value chain. To calculate the complete CO2 emissions down the supply chain it is essential to know the CO2 impact of the pre-material – and that’s why the product-specific information is needed. Outokumpu is in a great position to support the steel industry with the knowledge of being the only stainless steel producer to report emissions from all three scopes and to have the leading role in using recycled material for over 90% globally.

voda 16 november 2022 07:49

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LIBERTY Steel Signs Debt Restructuring Pact with Creditors

Strategic Research Institute
Published on :
16 Nov, 2022, 4:32 am

LIBERTY Steel Group’s Restructuring and Transformation Committee announced that LIBERTY has signed a term sheet subject to contract on an agreement in principle for a debt restructuring with parties responsible for the main creditors of Greensill Capital (UK) Limited, Greensill Bank AG and Credit Suisse Asset Management (Switzerland) Limited, a major step in the Group’s refinancing.

LIBERTY and Greensill Bank as main creditors are in the process of negotiating a similar term sheet for the debt restructuring of LIBERTY’s European steel businesses.

The Agreement remains subject to documentation and the respective internal approvals. All parties will now work to prepare and execute the Agreement, providing LIBERTY with the platform to develop longer term sustainable financing. Under the agreement, the parties have adjourned the winding up petitions against LIBERTY entities.

The Agreement will allow LIBERTY to further advance its GREENSTEEL strategy and industry leading ambition to become carbon neutral by 2030.

voda 16 november 2022 07:49

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AFV Beltrame Group Presents carbon neutral steel CHALIBRIA

Strategic Research Institute
Published on :
16 Nov, 2022, 4:34 am

Europe’s leading merchant-rolled steelmaker, and one of the leading producers of merchant bars, with operations in Italy, France, Switzerland, and Romania AFV Beltrame Group has launched Chalibria, a certified carbon neutral steel, accelerating the transition to climate neutrality. For this reason, AFV Beltrame Group has defined as a central element of its strategy a decarbonisation plan and a precise agenda to reduce its CO2 emissions by 2030.

To achieve this objective, four macro groups of activities have been identified in the decarbonisation plan:

A) Production Efficiency: Ever since being founded, AFV Beltrame Group has invested in the reduction of energy consumption: efficiency and reduction of production costs has always been a competitive factor. The Group wants to continue on this path and has strengthened its production efficiency strategy by modernizing its gas reheating furnaces, designing and implementing heat recovery systems and installing digital control systems.

B) Circular Economy: The company is constantly concerned with improving the quality of scrap and other raw materials, reusing waste from production processes (steel mill slag finds internal uses or undergoes certified processes for aggregate production, creating the conditions to meet green procurement requirements in the construction supply chain by replacing raw materials, such as gravel or sand) and by replacing raw materials with recycled materials (e.g. recycled polymer used to replace coal or scrap tyres, thus promoting the recycling of products that would otherwise be destined for landfill). These solutions have enabled the Group to strengthen its efforts to reduce waste and by-products sent to landfill, favouring their recovery in cycles, inside or outside the plants, covering today about 90% of the total.

C) Green Energy Supply: the Group wants to increase the amount of green energy used by building renewable energy plants for self-consumption and bilateral “Power Purchase Agreements”. Among the main initiatives undertaken is “Renewability”, a community of renewable energy consumers set up in 2022 with two other companies. The consortium Company thus created aims to invest in the construction of renewable energy generation plants and supply the electricity produced by the plants to each member.

D) Hydrogen projects: AFV Beltrame Group is also monitoring and preparing for developments in the use of green hydrogen as a fuel. AFV Beltrame Group’s furnaces are already configured to use hydrogen as a fuel mixed with natural gas.

The name Chalibria comes from the Latin “Chalybs” (steel) an homage to the ancient Chalybes, considered by the classics to be the originators of steelmaking. Adding ‘libra’ (balance, equilibrium), Chalibria was born: steel in balance. A balance also represented by the three C’s in the logo (Carbon neutral – Circular – Commitment) which once again illustrates the circularity of value that is characteristic of the AFV Beltrame group’s activity.

voda 16 november 2022 07:50

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ESL Steel Capacity Expansion to Finish by FY 2022-23

Strategic Research Institute
Published on :
16 Nov, 2022, 4:37 am

Business Standard reported that the capacity expansion of ESL Steel will be completed by next year. Vedanta’s Group Chief Executive Officer Mr Sunil Duggal said “The priority is to finish doubling capacity from 1.5 million tonnes to 3 million tonnes.”

An investor presentation of Vedanta in August said completing ESL’s expansion was slated for the end of FY23. ESL was also looking to increase the share of value-added products to 1 million tonne by FY24 from 0.8 million tonne in FY22

Vedanta entered the steel sector by acquiring Electrosteel Steels in June 2018 under the Insolvency and Bankruptcy Code and commissioned a 1.2 million tonnes plant in Jharkhand. The capacity was ramped up to 1.5 million tonnes as the company was renamed ESL Steel.

voda 16 november 2022 07:50

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Villages Support JSW Nuagaon Mines Capacity Expansion

Strategic Research Institute
Published on :
16 Nov, 2022, 4:35 am

Ommco News reported that neighborhood villages of Nuagaon Mines have unanimously supported JSW Steel during the public hearing conducted to further environment clearance for the capacity expansion of Nuagaon iron ore mine. The residents of local villages like Nuagaon, Barapada, Gandhalpada, Guali, Katashi, Parediposi, Kohlarudukela, Panduliposhi, Topadihi expressed their interest to have the company its expansion. The public hearing was conducted by Keonjhar State Pollution Control Board and district administration.

During the public hearing, around 113 villagers from the neighboring villages spoke in the forum and majority of them supported to JSW project. Over 200 villagers participated in the public hearing.

People emphasized on livelihood promotion and CSR activities in the area. The state government received 60 written representations at the venue. JSW officials assured the public for addressing the concerns of the affected areas in the coming days.

JSW Steel proposed to have environment assessment for the Nuagaon Iron ore mine for production of 20 MTPA iron ore here with total excavation 22.013 MTPA with screening, crushing 4500TPH CPU and 30 MTPA grinding and beneficiation plant. Also, there will be 30 MTPA slurry transportation system over ML area 776.969(as per DGPS)/767.284 Ha (as per ROR).

voda 16 november 2022 07:51

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POSCO to Recover from Typhoon Damage in Q1 of 2023

Strategic Research Institute
Published on :
16 Nov, 2022, 4:38 am

Business Korea reported that South Korea’s Ministry of Trade, Industry & Energy announced on 14 November that POSCO is expected to completely recover itself from typhoon damage in the first quarter of next year. According to its damage investigation results, Hinnamnor caused a flood near its plants, the water flowed in to affect power receiving facilities, and power outages and fires occurred as a result to lead to production paralysis. The ministry said that the typhoon caused a sales decline of 2.04 trillion won in POSCO and 250 billion won in subcontractors.

The plants are being put back into operation one after another. A total of 18 plants had to be stopped in September and 15 are expected to return to normal by the end of this year.

The ministry said There were concerns over the supply of electrical steel sheets, wire rods and STS, supplied only by POSCO in South Korea, but the concerns were properly dealt with by production at POSCO’s plants in Gwangyang and imports.”,” the ministry explained.

voda 16 november 2022 07:51

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SEAISI Cautions over Looming Overcapacity in ASEAN6

Strategic Research Institute
Published on :
16 Nov, 2022, 4:39 am

The Southeast Asia Iron and Steel Institute sees steel demand rising in 2022 in ASEAN-6 Vietnam, Thailand, Singapore, Philippines, Malaysia, Indonesia. SEAISI Secretary General Mr Yeoh Wee Jin said at SEAISI’s Steel Mega Event & Expo in Subang Jaya that ASEAN-6 steel demand is projected to rise 3.6% to 77.9 million tonnes in 2022 from 75.3 million tonnes in 2021. He outlined following growth prospects for 2022

Vietnam - 2.5% YoY to 22.6 million tonnes

Thailand – 1.6% YoY to 18.8 million tonnes

Indonesia - 5% YoY to 16.2 million tonnes

Philippines - 5% YoY to 10.2 million tonnes

Malaysia – 7.8% YoY to 7.6 million tonnes

Singapore – 0.8% YoY to 2.5 c

Mr Yeoh cautioned “However, the growth is still subject to significant global risks from high inflation and volatile prices amid slowing demand in China and the region. Overcapacity in ASEAN is nevertheless expected to lead to industry consolidation in the region. Current capacity in ASEAN is about 71.8 million tonnes. The new capacities that we have tracked are roughly about 90.8 million tonnes. With all these capacities coming in, we are looking in the future at 162.6 million tonnes coming up sometime towards 2030.The overcapacity stems from rapid capacity expansion in Indonesia, Vietnam and Malaysia.

He said that “Vietnamese mills are shutting down blast furnaces amid weak demand, while more steel capacities are being approved in Malaysia. Malaysian steel demand was at best 10 million tonnes per year, but the current capacity is 16 million tonnes per year and is expected to reach 46 million tonnes per year with the new investments.”

voda 16 november 2022 07:52

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Ministry of Steel hosts Conference of State’s Ministers

Strategic Research Institute
Published on :
16 Nov, 2022, 4:40 am

Taking forward the “whole of Government” approach, Ministry of Steel, Government of India, hosted a “Conference of Ministers of Industry/Mines/Steel of State Governments “in New Delhi, to provide the State and Central Governments an opportunity to deliberate on matters related to issues in mining of raw material, growth, and future challenges of steel sector. Civil Aviation & Steel Minister Mr Jyotiraditya M Scindia highlighted the achievements made by India’s steel sector and observed that the sector has grown from strength to strength in last 8 years. Minister urged the states to take all-out efforts towards increasing rural consumption of steel, utilising all grades of iron ore in steel-making, timely auctions of mines, formalisation of recycling industry and bringing to scrappage the End-of-Life Vehicles.

He added “These measures will future-proof the sector and make steel sector a sustainable one. Prime Minister’s emphasis on producing green steel is especially crucial and appropriate steps are necessary to move towards that from now on. The Government believes in Zero waste-Zero harm policy and gradual decarbonisation is essential for steel sector.”

Secretary Steel Mr Sanjay Singh, enlightened the major trends in growth of the steel sector, way forward and assistance required from the States. Recalling PM’s vision for the steel sector, he suggested that the steel sector will have to focus on development and deployment of environment-friendly technologies, effective partnership between the Government and the industry.

State Ministers, Shri Nand Gopal Gupta ‘Nandi’, Minister of Industrial Development and Export Promotion, Government of Uttar Pradesh, Shri Prafulla Kumar Mallick, Minister for Industry and Energy, Govt of Odisha, Shri Rajvardhan Singh Dattigaon, Minister for Industry Policy and Investment Promotion, Govt of Madhya Pradesh participated in the Conference. Thanking the Minister for organising the Conference, they assured cooperation with the Union Government.

Chairpersons/CMDs of PSUs under Ministry of Steel, representatives from the State Governments of Andhra Pradesh, Karnataka, Chhattisgarh, Gujarat, West Bengal, Goa participated in the Conference, Union Ministries of Mines, Environment, Forests & Climate Change, Coal, NITI Aayog participated in the Conference and placed their views on growth and development of steel sector in India

voda 16 november 2022 08:42

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EU’s Japan, Korea HRC imports could trigger probe
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The jump in hot rolled coil imports into Europe from Japan and South Korea this year could trigger scrutiny by European authorities going forward, sources in the market explain.

The massive shift in trade flows following the Russian invasion of Ukraine in February has provoked a jump in Japanese- and South Korean-origin HRC imports, offsetting lower Russian- and Indian-origin sales, Kallanish notes.

According to Eurofer figures, EU imports of Japanese HRC could exceed 1 million tonnes in 2022. This is a massive jump considering that Japan supplied less than 100,000 t/year of HRC into the EU prior to 2021. As a result, Japan could end up being the second-largest supplier of HRC into the EU after Turkey.

South Korean supply of HRC should also close 2022 with volumes close to 900,000t, double what the country used to import into the continent.

It is possible this shift in import patterns could trigger an investigation by European authorities into potential anti-dumping measures. It is worth noting, nevertheless, that overall imports of HRC this year should be lower than the record level registered in 2021 of over 9.6mt.

In the fourth quarter, the pace of HRC import arrivals is slowing down. According to official figures, only 24% of safeguard quotas for HRC were used until 11 November. South Korea used 64% of quota, Turkey 17% and India only 5%.

Last year in mid-November, 45% of available import quotas for Q4 were already used, with Turkey and India exhausting their allocations.

Emanuele Norsa Italy

voda 17 november 2022 07:26

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UNITED24 & Metinvest Release Azovstal Steel Bracelets Last Lot

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

The UNITED24 fundraising platform, created by the President of Ukraine, and Metinvest Group are launching the final edition of 'Azovstal – A Symbol of Perseverance' bracelets made of the final pre-war batch of steel manufactured at Azovstal steelworks. The last edition of bracelets was made of steel letters that spelled out “I believe in the Armed Forces of Ukraine”, which stood for a month at the foot of the largest Ukrainian flag in Kyiv. The bracelets cost UAH 1,500 (EUR 40), and they can be purchased in Ukraine as well as in the EU, the US, and Canada. All profits from the sale of the bracelets will go towards the development of the first-ever fleet of maritime drones for the Naval Forces of the Armed Forces of Ukraine.

For every Ukrainian, Azovstal is more than just the name of a steel plant. It has become a symbol of the courage and steadfastness of Ukraine's defenders, who proved to be stronger than steel. That is why the 30,000 bracelets in the first and second editions made of Azovstal steel sold out in a matter of days. Today, the sale of the final and therefore especially valuable edition begins. The batch was made of 17-metre-high letters spelling out “I believe in the Armed Forces of Ukraine” so that thousands of people can share their faith in the Armed Forces of Ukraine. Metinvest's participation in the 'Azovstal – A Symbol of Perseverance' project is part of Rinat Akhmetov's Steel Front military initiative.

The last batch of bracelets is made of Azovstal steel, which was used for a 17-metre-high inscription spelling out “I believe in the Armed Forces of Ukraine” and installed in Kyiv on October 6, when the presentation of the 'Azovstal – A Symbol of Perseverance' project took place. During the exhibition, the inscription, installed at the foot of the largest Ukrainian flag, became a point of attraction for Kyiv residents and visitors and was captured in many photographs. On November 8, the steel letters were sent to be made into the last batch of bracelets. Each bracelet contains five grammes of steel from the last batch produced at Azovstal's 3600 Plate Mill before February 24. After the start of the Russian Federation's full-scale invasion, Azovstal turned from being a steelworks into a fortress that became the city’s last line of defence for the Armed Forces of Ukraine. The courage, bravery and steadfastness of Mariupol's defenders have set an example for millions of Ukrainians.

The design of the bracelets was developed by the Sova jewellery house. Bracelets cost UAH 1,500. They can be bought on the Rozetka website with free delivery to the brand’s points of sale, as well as at Sova brand stores. Bracelets from the latest edition of 'Azovstal – A Symbol of Perseverance' can also be purchased from abroad with international delivery offered by Nova Poshta. In Ukraine, as before, Nova Poshta delivers bracelets to branches at its own cost. For corporate orders, there is a special order form.

voda 17 november 2022 07:27

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BSW to Expand Steel Supplies to KAMAZ

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

Belarus’s steelmaker BSW plans to expand the range and increase the volume of supplied products with a wide range of applications in the forging production of Russian partner and an agreement was signed for supply of BSW products in 2023.

An agreement was reached between BMK holding’s Trade House BSW and KAMAZ for supply of BSW products to Kaliningrad and the Kaliningrad region. The contract concerns deliveries in 2023 of the volume of steel products for the total amount over 2 billion rubles.

28th International Industrial Exhibition Metal Expo' 2022 was held in Moscow on November 11.

Vertraagd	25 apr 2024 13:28
Koers	23,580
Verschil	-0,060 (-0,25%)
Hoog	23,690
Laag	23,500
Volume	713.414
Volume gemiddeld	2.461.865
Volume gisteren	2.185.626

23 apr	Mondiale staalproductie daalt toch weer
16 apr	Deutsche Bank haalt ArcelorMittal van...	1
12 apr	Video: cyclische aandelen bieden kansen
09 apr	World Steel Organisation ziet vraag n...
22 mrt	Mondiale staalproductie in de lift
12 mrt	ArcelorMittal neemt groot belang in V...
05 mrt	Beursblik: experts vinden koerswinst ...
23 feb	Mondiale staalproductie daalt opnieuw
08 feb	ING: ArcelorMittal doet het beter dan...
08 feb	Fors verlies voor ArcelorMittal

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