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voda 29 november 2022 05:59

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Canada Initiates Expiry Review-Stainless Steel Sinks from China

Strategic Research Institute
Published on :
29 Nov, 2022, 5:36 am

The Canadian International Trade Tribunal has initiated an expiry review of its order made on 8 February 2018, in expiry review RR-2017-001, to determine if the expiry of the order is likely to lead to continued or resumed dumping or subsidizing of certain stainless steel sinks from the People’s Republic of China, and is likely to result in injury to the domestic industry.

On April 27, 2023, the Canada Border Services Agency will determine if there is a likelihood of resumed or continued dumping or subsidizing. In the event of positive determinations, the Tribunal will determine, on October 4, 2023, whether the continued or resumed dumping or subsidizing is likely to result in injury to the domestic industry.

voda 29 november 2022 06:00

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NLMK Transact at Recycling Marketplace Vtorion

Strategic Research Institute
Published on :
29 Nov, 2022, 5:36 am

Russian steel maker NLMK Group has announced the successful completion of its first transactions via Vtorion, an e-commerce platform for the scrap collecting and processing industry. The digital platform, which is unique for Russia, is intended to bring market participants together and make the procurement process as efficient and transparent as possible.

The marketplace helps bring transaction costs down for all participants, and offers suppliers direct access to their largest customers – steelmaking companies – and an opportunity to expand their sales market.

Vtorion offers a flexible set of tools tuned to the specifics of scrap collection activities, such as filters by raw material parameters and geography, identifying deals based on volumes and regularity of supplies, e-auctions from one’s personal account, automatic qualification of suppliers, and a simplified electronic document flow.

To date, the platform is populated by a number of leading customers and Vtorchermet NLMK, NLMK Group’s scrap collection network.

voda 29 november 2022 06:00

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Iran’s Steel Export Dips by 4% YoY in 7 Months

Strategic Research Institute
Published on :
29 Nov, 2022, 5:37 am

Tehran Times reported that the Iranian Steel Producers Association announced that Iran exported 1.423 million tonnes of steel products in the first seven months of the current Iranian calendar year (March 21-October 22), down 4% YoY from 1.855 million tonnes in previous year.

Iranian Mines and Mining Industries Development and Renovation Organization data shows that Iran had exported 3.406 million tonnes of steel products in the past Iranian calendar year 1400 (ended on March 20), as compared 2.832 million tonnes in year 1399.

voda 29 november 2022 06:01

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US Steel Imports Up 7% MoM in October

Strategic Research Institute
Published on :
29 Nov, 2022, 5:37 am

The American Iron & Steel Institute has reported that the US imported a total of 2.403 million net tons of steel in October 2022, including 1.955 million net tons of finished steel, up 7.2% MoM and 5.1% MoM respectively. Total and finished steel imports are up 3.7% and 19.1%, respectively, year-to-date vs 2021.

Key steel products with a significant import increase in October compared to September are heavy structural shapes (up 94%), cut length plates (up 21%), hot rolled bars (up 20%), wire rods (up 20%) and ingots and billets and slabs (up 18%).

In October, the largest suppliers were Canada (561,000 NT, up 4% vs. September), Mexico (422,000 NT, up 34%), South Korea (202,000 NT, down 34%), Brazil (202,000 NT, up 7%) and Germany (108,000 NT, up 40%).

Over the 12-month period November 2021 to October 2022, total and finished steel imports are up 13.5% and 26.8%, respectively, vs. the prior 12-month period. Finished steel import market share was an estimated 23% in October and is estimated at 24% over the first ten months of 2022.

Products with a significant increase in imports over the 12-month period November 2021 to October 2022 compared to the previous 12-month period include oil country goods (up 60%), heavy structural shapes (up 56%), standard pipe (up 49%), line pipe (up 49%) and wire rods (up 48%).

Over the 12-month period November 2021 to October 2022, the largest suppliers were Canada (6,896,000 NT, up 2% compared to the previous 12-months), Mexico (5,645,000 NT, up 33%), South Korea (2,909,000 NT, up 11%), Brazil (2,775,000 NT, down 31%) and Japan (1,266,000 NT, up 32%). Below are charts on steel imports by country and estimated finished steel import market share in recent months.

voda 29 november 2022 06:01

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Nucor Awards Danieli the Order for Digital Meltshop

Strategic Research Institute
Published on :
29 Nov, 2022, 5:38 am

Leading USA steel producer Nucor Corporation selected Danieli technologies for its new digital meltshop in Kingman in Arizona. The new Danieli Digimelter and Digirefiner units will be installed in place of the old, shaft-type DC furnace, with limited impact on the existing foundations, to competitively produce liquid steel in excess of 630,000 short tons per year. The meltshop will feed the nearby caster and existing Danieli bar mill. The contract includes a dedicated raw-material handling system for additions at EAF tapping and at the LF, new downcomer and settling chamber for the primary fumes, and a 30-t scrap yard crane.

The Nucor Steel Kingman digital meltshop is expected to be fully operational by the third quarter of 2024.

Both Digimelter and Digirefiner will be powered by Q-One power feeder which makes use of semiconductor devices. Q-One overcomes the limitations of the traditional power feeding systems and yields, ensuring unparalleled advantages to both power feeding and the furnace melting process. These are proven by the practical elimination of network disturbances and greater efficiency of the furnace operation. Hybrid by design, Q-One allows the direct use of renewable energy sources generated at the site.

The management of the melting process will be performed by Q-Melt suite. This is the fully dynamic, Danieli adaptive process control of the EAF working parameters for both electrical and chemical profiles, and allows for the reduction of the process variability with notable benefits in terms of furnace utilization factor and efficiency.

Nucor Steel Kingman will be the most technologically advanced digital meltshop also thanks a complete suite of technology packages and robotics, according to zero-men-on-the-floor concept. Q-ATS is a fully automatic tapping system, including Q-Slag, Q-Sand and Q-EBT eye for slag detection, EBT sand refilling and remote monitoring. Q-Stap and Q-Strop execute remote controlled opening and cleaning of the tap hole. Q-SmartEC provides auto-adaptive electrode cooling, Thor 3K performs slag door automatic cleaning and sealing, whilst Q-SLC controls the steel level in the furnace. Furthermore, Q-Robot Melt and Q-Robot LF will perform fully automatic sampling at EAF and LF.

voda 29 november 2022 06:03

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Gerdau Next & Newave JV to Produce Solar & Wind Power

Strategic Research Institute
Published on :
29 Nov, 2022, 5:38 am

Latin American steelmaker Gardau’s subsidiary Gerdau Next and NW Capital signed binding instruments with Newave Energia for the subscription of equity interest in the company's share capital and the acquisition of long-term energy, by the company and its subsidiaries, of 30% of the energy generated by power generation projects owned directly or indirectly by Newave and its subsidiaries, in a self-production regime. The value of the investments will be BRL 4.5 billion.

Gerdau Next will hold the proportion of 33.33% of equity interest and NW Capital with 66.67%. The investment amount by Gerdau Next will be in the amount of up to BRL 1.5 billion, divided into two phases. In the first phase, Gerdau Next will invest the amount of BRL 500 million to be subscribed and paid in throughout 2023, according to the business plan approved by the investors and, in a second phase, the company will invest up to BRL 1 billion, subject to the achievement of certain goals.

The investment made by NW Capital, together with Investment Funds distributed by XP Investimentos, will be BRL 1 billion to be subscribed and paid in throughout 2023, according to the same business plan and, in a second phase, of up to BRL 2 billion to be subscribed by investors as raised via the market.

According to Gerdau, the operation represents investment in the development of greenfield projects for the generation of electricity with a capacity of approximately 2.5 GW, exclusively from solar or wind sources, with the expectation of starting generation in the years 2025 and 2026, in brownfield projects and electricity trading activities, whether in retail, directional and/or prepayment transactions. In addition, the deal aims to generate greater competitiveness in the cost of the steel business and provide the company with a clean energy supply, and goes towards achieving the carbon emissions reduction targets established by Gerdau.

voda 29 november 2022 06:03

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Energy Costs Unsustainable in Long Term for German Steel

Strategic Research Institute
Published on :
29 Nov, 2022, 5:39 am

German steel association WV Stahl says that due to the high energy costs, steel companies have to shoulder additional burdens of around EUR 8 billion projected over the year. WV Stahl Managing Director Dr Martin Theuringer said “Despite the current situation, the companies remain on a transformation course, but fast and effective help is needed. The relief for industry within the framework of the electricity and gas price brake (13 and 7 cents per kWh respectively) would help to overcome the current crisis. In the long run, however, energy costs would have to fall, otherwise companies would not be able to compete with the USA and Asian countries.

He added “In the USA, the green transformation is currently being promoted by the Inflation Reduction Act. Germany, too, must align its industrial policy with maintaining value creation. In addition, the EU Commission should not create any additional hurdles in the case-by-case assessments of the granting of aid. Companies would have to make investment decisions in the coming months in order to achieve the 2030 targets. To this end, the necessary regulatory framework conditions must now be created.”

WV Stahl in a separate note highlighted that recession and energy crisis threaten decarbonization of steel industry. It said “The recession poses additional major challenges for the steel industry in Germany, which has to cope with the transformation to climate-neutral manufacturing processes. So far, there is no certainty as to when sufficient quantities of green hydrogen will be available in Europe to ensure the energy supply of the steel industry. In addition, it is unclear whether and how quickly European companies could replace Russian gas with green energy and hydrogen at low cost. This jeopardizes the timelines and implementation of the industry's decarbonization strategies.”

voda 29 november 2022 06:04

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SWITCH Mobility Delivers Electric Buses to JSW Steel

Strategic Research Institute
Published on :
29 Nov, 2022, 5:39 am

Electric bus and light commercial vehicle company SWITCH Mobility has partnered with JSW to introduce electric buses for employee transportation in India. This is the first significant and largest electric bus order in the country for employee transportation, with 71 buses being delivered to JSW Steel, for their Vijayanagar plant. The first set of electric buses was flagged-off by JSW Group’s Chairman Mr Sajjan Jindal.

The air-conditioned buses include SWITCH EiV 12 which features customer-centric offerings on technology and employee comfort, while being contemporary and futuristic. SWITCH EiV 12 is embedded with proprietary, connected technology solutions, ‘SWITCH iON’, enabling remote, real-time diagnostics and monitoring services, as well as world-class digital battery management tools. The EV architecture of the EiV platform is common with the European SWITCH e1 bus.

The buses are also equipped with a new generation of highly efficient, modular batteries with advanced lithium-ion NMC chemistry, specially formulated for the Indian market and climatic conditions. The electric drivetrains and batteries are calibrated to ensure superior efficiency with long battery life, delivering lower total cost of ownership in the market.

SWITCH Mobility will own and oversee entire operations including setting-up of charging infrastructure and requisite maintenance efficacy, over a 12-year contract period. To ensure effective operations and services of these electric buses, SWITCH is expanding its team and recruiting 200 personnel, in line with its growth plans of increasing its workforce by 30% over the next five years.

voda 29 november 2022 06:04

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PESB Recommends Mr V Suresh for NMDC’s DC Post

Strategic Research Institute
Published on :
29 Nov, 2022, 5:40 am

The Public Enterprises Selection Board has recommended the name of Mr Vishwanath Suresh for the post of Director Commercial of NMDC Limited on 28 November 2022. Mr V Suresh is presently serving as Executive Director Coal Imports & Corporate Materials Management in Steel Authority of India Ltd. As Director Commercial of NMDC, Nr V Suresh will be a member of the Board of Directors and will report to the Chairman and Managing Director. He will be responsible for marketing and materials management in the company.

Mr V Suresh is an MBA Marketing from the National Institute of Technology Rourkela and has been associated with SAIL for more than three decades.

Mr V Suresh has been selected from a list of seven candidates who were interviewed by the PESB board in its selection meeting held on 28 November.

Mr B Sahoo, Executive Director NMDC Limited

Mr Ashok Kumar Prajapati, Executive Director NMDC Limited

Mr Abanindra Kumar Padhy, Executive Director NMDC Limited

Mr Suresh Kumar Jain, Chief General Manager NMDC Limited

Mr Mohan Kumar Badavath, Chief General Manager NMDC Limited

Mr Vishnu Kant Pandey, Executive Director Steel Authority of India Ltd

Mr Vishwanath Suresh, Executive Director Steel Authority of India Ltd

voda 29 november 2022 06:05

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Indian Iron Ore Exports to China Resume

Strategic Research Institute
Published on :
29 Nov, 2022, 5:40 am

Chinese steel mills & traders are reported to looking at importing cheaper lower grade iron ore & pellets from India after Indian government removed 50% export tax on 19 November to lower costs in prevailing negative margin situation after six months of suspension. Reports suggest of few such transactions for low grade iron ore fines & pellets after removal of export tax

Current offers for 57% iron ore fines are reported at USD 69-71 per tonne CFR, while bids are being heard at USD 63-65 and market reports suggest that 63% iron ore pellets are traded at USD 111-112 CFR China

Low-grade Indian fines had largely fallen out of favor with Chinese steel mills as high impurity content makes it emissions unfriendly. As such, Demand is expected to remain subdued in the near-term as local governments in China often issue directions to steel mills to control emissions in winter when coal burn for heating leads to haze in several cities. However, Indian low-grade fines producers may keep selling ores in China, even if prices fall further, as such ores have very little domestic demand.

FACT BOX

India’s exports of fines, lumps and concentrate of all grades fell by 66% to 4.08 million tonnes in April-September 2022 as compared with 11.85 million tonnes a year earlier.

India’s iron ore pellet exports fell by 60% in April-September to 2.62 million tonnes as compared with 6.44 million tonnes in the same months of 2021.

voda 29 november 2022 06:24

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Exports lift US scrap market sentiment
114 Views

Approaching December trading, sentiment has turned bullish in the US scrap market amid sharp increases recorded in export destinations, Kallanish notes.

Besides exports, tightening supply is also likely to impact pricing during the December buy-cycle. Most market participants think the eight consecutive months of price decline are coming to an end. However, the extent of the rebound is still being debated, while all US market participants believe the steel market situation will determine scrap values.

On the US West Coast, the Taiwanese market followed the recovery in Turkey last week. Besides Turkey, improved steel sales contributed to the Taiwanese recovery. US-origin containerised HMS 1&2 80:20 offers are seen standing around $330-335/t cfr Taiwan, although no deal has yet been heard done in this range.

On the East Coast, price rises in Turkey continued on Monday on a fresh deal concluded from the US. A western mill bought HMS 1&2 80:20 at $360/t and bonus and shredded at $380/t cfr Turkey, for December shipment. This is up from the previous premium HMS 1&2 80:20 deal at $351/t cfr last week.

Although US suppliers are targeting even higher prices in Turkey following the latest booking, the Turkish market is questioning the viability of this given steel sales are yet to recovery satisfactorily.

Burcak Alpman Turkey

voda 30 november 2022 06:47

0

Funds Infused in YC INOX TR Celik for Second Phase Expansion

Strategic Research Institute
Published on :
30 Nov, 2022, 6:01 am

Taiwanese stainless steelmaker YC INOX stated that in response to the capital needs of the Turkish subsidiary YC INOX TR Celik Sanayi ve Ticaret for the second phase of plant construction, machinery equipment, and other necessary financial equipment purchases, the board decided to increase the capital by TRL 820 million (TWD 1.365 billion).

After more than three years of construction, YC INOX's Turkey factory produced the first stainless steel pipe on April 26 this year, although the Covid-19 epidemic broke out during this period and the plant contracting plan was affected.

The Turkish subsidiary is 100% invested by YC INOX, with a total investment of approximately TWD 6.658 billion, accounting for 35.36% of the company's total assets in the latest financial statement, and 63.22% of the company's latest financial statement attributable to the owner's equity.

Founded in 1973, YC INOX started out as a Taiwanese company with an ambitious vision of becoming an international stainless steel products manufacturer. It offers a wide range of stainless steel welded pipe, tube, angle, flat bar, sheet, plate, and coil products.

voda 30 november 2022 06:48

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Feralpi Group Bags Budget Oscar 2022

Strategic Research Institute
Published on :
30 Nov, 2022, 6:01 am

Italian Feralpi Group was awarded the Financial Statement Oscar as the best large unlisted company awarded by Italian Public Relations Federation FERPI, Borsa Italiana and Bocconi University.

Feralpi obtained the highest recognition - this was the jury's motivation - thanks to the excellent integration of financial and non-financial reporting, the timely development of ESG issues and related methodologies and the application of the taxonomy and double materiality also from a forward perspective looking. Last but not least, effective communication and good narration were recognized despite the breadth of documentation, an element that makes the financial statements much more than a formal document, but an exceptional tool for strengthening the relationship with stakeholders.

The Financial Statement Oscar, now in its 58th edition, is the most awaited event by organizations that have made transparency a central value of corporate culture together with the ability to fully report their economic, social and environmental impacts.

Separately, Feralpi’s subsidiary German rebar producer Feralpi Stahl will invest a total EUR 180 million over the next few years to build a new rolling mill, a new scrap sorting plant, and its own power transformation substation in Riesa. The construction of the substation will begin at the end of November this year. The company's new substation will ensure security of energy supply and contribute to the company's targets to reduce carbon emissions.

The Feralpi Group is among the leaders on the national and European market in the production of rebar for reinforced concrete in bars, smooth and ribbed wire rod, rewound rebar, drawn wire and electro-welded mesh. Feralpi's mission is not only to produce the best steel for construction, but to do so in the most sustainable way possible, respecting people and their diversity as well as the environment, i.e. reducing consumption and emissions by using the best technologies available thanks to technological investments combined with an intense activity of innovation and research.

voda 30 november 2022 06:49

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Pemamek to Supply Wind Tower Components to Al Yamamah

Strategic Research Institute
Published on :
30 Nov, 2022, 6:02 am

Saudi Arab’s Al Yamamah Steel Industries has selected Pemamek to supply high-capacity PEMA onshore wind tower production equipment to the company’s Al-Yamamah Wind Energy Systems Factory. The machinery is scheduled to be delivered in early 2023.

The Finnish welding and production automation company Pemamek Ltd. has signed a contract with Al Yamamah Steel Industries to supply PEMA onshore wind tower manufacturing lines. The newly made order is a part of the construction project of the Al-Yamamah Wind Energy Systems Factory which is Saudi Arabia’s first wind tower manufacturing facility. The new facility, contributing to local wind power projects, is being carried out as part of Saudi Arabia’s clean energy transformation and Saudi Vision 2030.

The scope of delivery includes a significant amount of advanced PEMA welding automation equipment designed specifically for high-capacity and safe onshore wind tower manufacturing.

Pemamek’s delivery to Al Yamamah is a turn-key solution including comprehensive project management, a range of acceptance tests, production ramp-up, and training. Furthermore, the agreement includes a service contract with a spare part package, software support, and maintenance support.

voda 30 november 2022 06:49

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Primetals Gets FAC for EAF Quantum from Hongtai Steel

Strategic Research Institute
Published on :
30 Nov, 2022, 6:02 am

Primetals Technologies has recently received the final acceptance certificate for an EAF Quantum implemented at Chinese steel producer Hongtai Steel’s site close to Xuancheng in Anhui province in China.

The electric steelmaking plant produced its first heat early in 2022. Since then, it has achieved heats with record-breaking figures on a consistent basis. As an example, the power consumption was below 300 kilowatt-hours per ton at a power-on time of about 30 minutes. At the same time, the oxygen consumption was minimal, at less than 23 cubic meters per ton. The performance of the EAF Quantum has resulted in productivity figures exceeding the expectations of Hongtai Steel.

The excellent performance figures are made possible by several special features of the EAF Quantum. As an example, it uses a scrap preheating system that shortens the power-on times. In a conventional electric arc furnace, the scrap is cold when charged. With the EAF Quantum, scrap is preheated with off-gas from the production process. Therefore, less energy is needed to melt the scrap, which results in lower operating costs and reduced CO2 emissions.

In 2018, Primetals Technologies was awarded the contract, which includes a 120-ton EAF Quantum, a 120-ton twin ladle furnace, as well as Level 1 and 2 automation systems for both the EAF and the twin ladle furnace. Basic engineering and supply of key equipment for the dedusting system were also included in the order.

Founded in 2002, Langxi County Hongtai Steel manufactures a wide array of steel-production components including bushings and rolling mill rolls, and also produces construction steel, for example rebar, coiled rebar, wire rod, and more. The Anhui province is located in the eastern part of China.

voda 30 november 2022 06:50

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Power Infrastructure Damage Hits Metinvest’s Kametstal

Strategic Research Institute
Published on :
30 Nov, 2022, 6:03 am

Ukrainian steelmaker Metinvest in a latest update said thatit's enterprises in Ukraine, with the exception of those located in Mariupol and Avdiivka, continue to operate with a reduced level of load, taking into account security, logistics and economic factors. It said “In recent weeks, Russia has launched a large-scale campaign of illegal aerial bombardment using cruise missiles and drones aimed at Ukrainian power plants and power supply systems across the country. Civil servants and NPC Ukrenergo report increasing damage to the energy infrastructure, which causes more frequent and prolonged power outages for the population and industrial consumers.”

Metinvest said “During the week that began on November 21, 2022, Russian attacks led to power outages across the country, and many large cities were left without water supply. Metinvest, along with all other industrial enterprises operating in Ukraine, was also affected, as for the first time since the beginning of a full-scale military invasion of Ukraine, production at the Group's Ukrainian enterprises was stopped in an emergency due to lack of power supply.”

Metinvest added “Although power supply has since been partially restored, industrial producers use electricity from the grid within the available quotas, which can change daily. At the time of publication of this release, all Metinvest's enterprises in Ukraine affected by this situation had resumed their work, with the exception of Kametstal. Assessment of possible damage to the production facilities of the enterprise after the suspension and timing of the resumption of production is still ongoing. The prolonged lack of supply of square billets from Kametstal can also lead to the suspension of production at Promet Steel in Bulgaria.”

It also said “Metinvest cannot predict how long Russia's attacks on Ukraine's energy infrastructure will last. Despite the efforts of Ukrenergo, power plant operators and distribution network specialists to restore electricity supply, there are significant risks that the situation with the availability of electricity in the country will continue to deteriorate. As a result, there may also be production disruptions at Metinvest's Ukrainian assets.”

voda 30 november 2022 06:50

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Mexico Extends AD Duties on Russian HRC until 2026

Strategic Research Institute
Published on :
30 Nov, 2022, 6:03 am

Mexico's Secretariat of Economy has extended the antidumping duty of 29.3% on the import of hot rolled coils manufactured in Russia or Russian products imported from any other country till June 2026. The 29.3% duty has been in force since June 1996.

The new extension was decreed at the request of the only two Mexican steel companies that produce HRC, Ternium with 57% market share and AHMSA with the remaining 43%

The HRC product in question is with a width greater than or equal to 600 millimeters (mm), thickness greater than or equal to 4.75 mm, but less than or equal to 10 mm, with a boron content equal to or greater than 0.0008%

The duty covers products under HTS codes 7208.10.02, 7208.25.99, 7208.37.01 and 7225.30.03 of the General Import and Export Tax Law TIGIE.

voda 30 november 2022 06:51

0

TMK Optimizes Counting of Products at STZ Using Machine Vision

Strategic Research Institute
Published on :
30 Nov, 2022, 6:04 am

Russian pipe maker Pipe Metallurgical Company TMK) has introduced machine vision technology at the Seversky Pipe Plant for movement control and for counting finished pipe products. Digital solutions improve accuracy and significantly speed up inspection operations, as well as automate data collection.

The projects were implemented in cooperation with the Scientific and Technical Center of TMK in Moscow, where a competence center for digitalization has been formed. The machine vision algorithm is used in the pipe-electric welding shop when counting pipes in packages formed for shipment to the customer. The solution replaced the time-consuming manual counting of products by sorters-suppliers. The "Machine Vision" program is installed on the employee's smartphone, which analyzes photos of the ends of packages with pipes and displays the result on the screen. Two photos are enough to count the system, the algorithm allows you to recognize pipes both in the shade and in lighter areas.

Another solution is implemented in the pipe rolling shop of STZ and is used to track the movement of pipe packages when finished products are shipped to wagons. Images of product packages are recorded by video cameras installed on cranes at pipe shipment sites and transmitted to the database. This information is used in the automatic formation of a package of documents and quality certificates of products ready for shipment. Control over the movement of the order until the moment of loading into the car eliminates the influence of the human factor.

voda 30 november 2022 06:52

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USITC Extends AD Duty on Steel Pipes from Oman, Pakistan & UAE

Strategic Research Institute
Published on :
30 Nov, 2022, 6:05 am

The US International Trade Commission has determined that revoking the existing antidumping duty orders on imports of circular welded carbon-quality steel pipe from Oman, Pakistan, and the United Arab Emirates would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time. As a result of the Commission’s affirmative determinations, the existing orders on imports of this product from Oman, Pakistan, and the United Arab Emirates will remain in place.

The five-year (sunset) reviews concerning Circular Welded Carbon-Quality Steel Pipe from Oman, Pakistan, and the United Arab Emirates (Review) (Full) were instituted on November 1, 2021.

On February 4, 2022, the Commission voted to conduct full reviews. It concluded that for Oman and Pakistan, the domestic group responses were adequate and the respondent group responses were inadequate; for the United Arab Emirates, the domestic group responses and the respondent group responses were adequate; and voted for full reviews.

voda 30 november 2022 06:53

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MSEDCL Debunks Reports on Steel Industry Migration

Strategic Research Institute
Published on :
30 Nov, 2022, 6:06 am

Nagpur Today reported that debunking the reports that many steel factories in Maharashtra have migrated to other states due to higher electricity rates, the MSEDCL has clarified that the factories mentioned have closed their operations 8 to 23 years ago. MSEDCL's Independent Director Mr Vishwas Pathak said “Some people with vested interests are misleading the public by using the names of factories that closed down in the state years ago. When the names of the companies mentioned in the press conference in Nagpur were verified in the records of Mahavitaran, the power supply of Ganapati Alloy and Steel was stopped in February 2002. The functioning of that factory had ceased at that time. Moreover, power supply to Baba Mungipa Steel Industry factory was stopped in January 2013.

He added “"The electricity supply of the companies whose names have been mentioned has been stopped in the years 1999, 2002, 2003, 2006, i.e. the work of those factories in the state was stopped at that time. Bills ranging from over Rs 26 lakh to Rs 53 crore are also outstanding with these companies. By citing the names of such factories, it would be wrong to create an impression that the steel industry is now operating from outside the state.

He added “It is true that the work of K C Ferro and Rerolling Mills Private Limited was closed in October 2021 during the Maha Vikas Aghadi Government.”

He also urged the Vidarbha Industries Association to be vigilant and not allow its esteemed forum to be used by persons spreading falsehoods.

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