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H2 Green Steel & Port of Luleå Collaborate, Momentous Step Forward

Strategic Research Institute
Published on :
1 Jun, 2023, 7:52 am

H2 Green Steel and Port of Luleå have recently forged a momentous collaboration, as they signed a cooperation agreement. The agreement solidifies the port's role as the principal logistics and transportation hub for H2 Green Steel's intermediate goods and products, facilitating the flow to and from their new steel mill in Boden.

Following a letter of intent signed in 2022, H2 Green Steel, Port of Luleå, and Luleå Municipality, the port's owner, have engaged in negotiations throughout 2023. The collaboration agreement, now officially signed, ensures H2 Green Steel's access to the Port of Luleå and commits the company to utilize the port for their inbound and outbound transportation needs.

Ms. Jenny Marin, Category Manager Logistics at H2 Green Steel, emphasizes the significance of this new cooperation agreement with the Port of Luleå. The close collaboration with the municipality and the port has been instrumental in establishing a clear plan for the future, allowing them to focus on concrete solutions that align with their ambitious timeline.

For H2 Green Steel, the agreement paves the way for planning a comprehensive logistics and transportation solution, involving the port in Luleå. The company aims to commence green steel production in Boden by the end of 2025, and this collaboration supports their aspirations.
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Market-Driven Emission Reductions in Steel in UK

Strategic Research Institute
Published on :
1 Jun, 2023, 7:53 am

Market-driven decarbonisation: The role of demand-led innovation in supporting emission reductions in foundation industries

In the quest for a sustainable future, addressing emissions in foundation industries like steel, cement, and glass is crucial. A recent policy briefing by the Cambridge Institute for Sustainability Leadership (CISL) sheds light on the potential of demand-led innovation to accelerate decarbonisation in these core sectors. By fostering market demand for low-carbon products and materials, significant emissions reductions can be achieved.

The decarbonisation of the UK steel industry is a pressing need in the transition towards a sustainable future. To achieve this goal, strong demand-side signals and collaborative efforts across various sectors are required. This article delves into the innovative solutions and policy mechanisms that can support the effective and efficient decarbonisation of the UK steel sector.

Innovations for Decarbonisation:

1. Circular business models and supply chain collaboration: Maximizing material efficiency through minimalist designs, increased product lifetimes, and enhanced recycling can reduce steel demand significantly. To achieve this, new business models that prioritize closed-loop material circularity and foster collaboration across value chains are essential.

2. High-quality scrap recycling competence: The UK has a significant opportunity to leverage the scrap-EAF route for steel production. Investments in research and development for advanced scrap recycling technology can improve the collection, decontamination, and quality of scrap, thus enhancing the sustainability of steel manufacturing.

3. Renewable energy capacity and industrial process flexibility: Shifting from fossil-based thermal energy to renewable electricity poses challenges in managing variable energy sources. Developing energy storage solutions and enhancing industrial process flexibility are crucial to effectively integrate renewable energy into steel production processes.

4. Scaling up IOW-CO2 (Iron Ore-Reduction with Carbon Capture and Storage) technologies: Investment in low-carbon steel production projects is necessary to validate their viability and build investor confidence. Embracing hydrogen-based Direct Reduced Iron (DRI) processes, such as the H2-DRI-EAF route, can significantly reduce emissions and contribute to cost-effective steel production.

5. Establishing transnational green steel supply chain alliances: Collaborating with countries at the forefront of low-carbon steel production can facilitate the offshoring of certain steel production processes while ensuring adherence to emission standards and fostering trade relationships.

Policy Recommendations:

1. Targeted procurement policies: Governments and private sector clients must prioritize the procurement of low-carbon steel, considering embodied carbon values. Mandating the use of low-carbon steel in infrastructure projects and implementing measures to protect the local industry against cheap imports are crucial steps.

2. Consistent, cross-border carbon pricing: A level playing field for steel producers can be achieved through a consistent carbon price mechanism. Domestic climate policies should also consider trading partners to ensure competitiveness and prevent carbon leakage. Implementing a Carbon Border Adjustment Mechanism (CBAM) could impose penalties on imported products based on their embodied carbon content.

3. Fair and visible lifecycle emissions accounting: Standardizing global emissions accounting methods and enforcing embodied carbon certification within steel products are essential. Transparent supply chain information should be made publicly available, ensuring a comprehensive understanding of the emissions associated with steel production.

4. Capping industrial electricity tariffs: To enhance competitiveness and enable sustainable steel production, fair pricing of electricity is crucial. Reforming the electricity market and providing affordable renewable energy supply will support the transition to electricity-intensive steelmaking processes.

The decarbonisation of the UK steel industry requires a comprehensive approach that encompasses both innovative solutions and supportive policy measures. By embracing circularity, renewable energy, advanced technologies, and collaborative alliances, the steel sector can embark on a sustainable path, reducing emissions and promoting a low-carbon economy.
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POSCO To Start Construction of Hydrogen Based Pilot Plant

Strategic Research Institute
Published on :
1 Jun, 2023, 7:53 am

Renowned South Korean steelmaker, POSCO, is about commence the construction of a cutting-edge pilot plant at its Pohang steel complex, suggest reports in local media. This pioneering plant, set to utilize hydrogen as an alternative to traditional fossil fuels, represents a groundbreaking step towards achieving carbon neutrality within the steel industry.

With a projected annual capacity of 300,000 metric tons, the pilot plant will employ HyREX, an advanced technology that utilizes hydrogen as a reduction agent to produce iron from iron oxide. POSCO's ambitious aim is to reduce carbon emissions by a staggering 90%, showcasing the company's commitment to sustainable practices and environmental stewardship.

POSCO's collaboration with UK-based Primetals Technologies for the design of a hydrogen-reduced steelmaking pilot plant demonstrates the company's proactive approach to harnessing technological advancements. By capitalizing on innovative methods such as the FINEX process, which reduces carbon footprint by employing a fluidized reduction furnace, POSCO has already achieved remarkable success in lowering greenhouse gas emissions.

POSCO's ability to translate extensive research into practical application exemplifies its exceptional capacity to drive innovation within the steel industry. Over the years, the company's FINEX process has enabled the production of an astounding 34 million metric tons of molten metal since its introduction in 2007.

By skillfully navigating the challenges of technology development, POSCO has positioned itself as a leader in fostering low-carbon competitiveness and working towards carbon neutrality by 2050. The integration of hydrogen-based steelmaking technologies, such as HyREX, holds tremendous potential for revolutionizing the industry's environmental impact and shaping a more sustainable future.
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Steel Ministry Invites R&D Proposals for Green Hydrogen for Steel

Strategic Research Institute
Published on :
1 Jun, 2023, 7:54 am

The steel ministry of India has embarked on a prodigious endeavor, soliciting research and development proposals for the integration of green hydrogen into the realm of iron and steel production. With an allocated budget of 4.55 billion rupees under the National Green Hydrogen Mission, the ministry envisions utilizing these funds for pioneering research, development, demonstration, and the establishment of pilot plants to facilitate the production and utilization of hydrogen within the iron and steel manufacturing processes.

Potential initiatives that could benefit from the available funding include the implementation of hydrogen-based direct reduced iron (DRI), the reimagining of electric arc furnaces (EAF) to incorporate hydrogen-based DRI, including the transfer of hot DRI to EAF. Additionally, the adaptation of existing DRI plants to partially or entirely replace the current energy and reduction sources with hydrogen, as well as the modification of design, technology, and machinery to accommodate hydrogen usage in blast furnaces, are considered viable projects for support.

The ministry, in its quest for progress, awaits the submission of proposals encompassing the aforementioned initiatives, accompanied by an indicative budget for thorough consideration prior to the commencement of the formal process of issuing a scheme. By fostering collaboration and innovation in the steel sector, the ministry aims to pave the way for the integration of green hydrogen and contribute to the overarching goal of decarbonizing operations within the industry.
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Mr Amarendu Prakash Assumes Leadership as Chairman of SAIL

Strategic Research Institute
Published on :
1 Jun, 2023, 7:54 am

In an epochal transition, Mr. Amarendu Prakash has assailed the position of Chairman at Steel Authority of India Limited (SAIL) with effect from 31 May 2023. Prior to assuming the mantle of Chairman, Mr. Amarendu Prakash graced the position of Director in-charge at Bokaro Steel Plant (BSL), a constituent of SAIL. This mettlesome technocrat, armed with a degree in metallurgical engineering from BIT Sindhri, embarked upon his expedition in the realms of SAIL as a Management Trainee (Technical) in the year 1991.

Enlightened by his diverse forays across myriad domains, Mr. Amarendu Prakash, with a triumphant voyage spanning over three decades, exhibits a sagacious acumen. His astute discernment, fortified by exposure to plant operations at various echelons, bequeathed him with a profound cognizance of corporate functions at the apex and bestowed him with the captaincy of a prodigious steel plant abounding with mining operations. His pivotal role in spearheading SAIL's business transformation and resuscitating its fiscal prowess during the period of 2015-17 is an indubitable testament to his mettle.

Mr. Amarendu Prakash subsequent to his tenure as the Director in charge of Bokaro Steel Plant, adroitly propelled the plant's performance to soaring heights, registering impressive strides in both quantitative and qualitative domains. An exemplar of organizational dexterity and strategic acumen, Mr. Amarendu Prakash orchestrated substantial metamorphoses in business processes and project implementations. In his capacity as a technologically adroit leader, he has spearheaded the digitization endeavors of the organization, while also playing a pivotal role in formulating comprehensive production and sales strategies to maximize value for the organization and its discerning patrons.

An avid reader and a globetrotting connoisseur of the steel and mining industry, Mr. Amarendu Prakash has amassed a compendium of erudition through his extensive sojourns across the globe.

Per reports in the media, SAIL is on the cusp of injecting an astronomical amount of Rs one lakh crore into the labyrinthine realm of debottlenecking and capital expenditure, with the ambitious aim of attaining a momentous production capacity of 35 million tonnes by FY32. In this endeavor, the pivotal involvement of Mr. Amarendu Prakash shall undeniably assume an indispensable role in orchestrating the strategic blueprints indispensable for the reclamation of the revered mantle of leadership.
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Ponsse & SSAB Forge Partnership for Green Steel in Forest Machines
By Strategic Research Institute on Jun 02, 2023 02:05 pm

In a groundbreaking partnership, Ponsse Plc, renowned for their cut-to-length forest machines, and SSAB, a leading steel manufacturer, have united their efforts to introduce fossil-free steel into the production of forest machinery. With the gradual implementation set to begin in 2026, Ponsse aims to solidify its position as a provider of sustainable solutions, while SSAB moves closer to its vision of establishing a fully fossil-free value chain.

The collaboration between Ponsse and SSAB signifies a shared commitment to combatting climate change and reducing CO2 emissions in the forestry sector.

Ponsse recognizes the pivotal role its products and services play in assisting customers to achieve their climate objectives amid the transition to a low-carbon economy. Juha Inberg, Chief R&D and Technology Officer at Ponsse Plc, asserts, "Our PONSSE EV1 forwarder concept with completely electric drive and our partnership with SSAB regarding fossil-free steels will lead our development towards carbon-neutral forestry."
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Nucor and ExxonMobil Collaborate for CCS at Louisiana DRI Plant
By Strategic Research Institute on Jun 02, 2023 02:05 pm

Nucor Corporation, a prominent steel and steel products manufacturer, has recently joined forces with ExxonMobil to initiate a groundbreaking project aimed at capturing, transporting, and storing carbon emissions from Nucor's direct reduced iron (DRI) plant in Convent, Louisiana. The partnership marks a significant milestone in Nucor's decarbonization strategy and solidifies its commitment to sustainable steel production.

Under the agreement, ExxonMobil will undertake the task of capturing up to 800,000 tons per year of CO2 emitted by the DRI plant. This captured carbon will then be stored at an ExxonMobil-owned facility in Louisiana, showcasing the company's dedication to reducing greenhouse gas emissions and advancing carbon capture and storage (CCS) technology.

Leon Topalian, Chair, President, and Chief Executive Officer of Nucor Corporation, expressed enthusiasm for the transformative potential of the collaboration, stating, "This CCS project is a key element of our decarbonization strategy and will result in the production of some of the lowest embodied carbon DRI or HBI in North America." Emphasizing Nucor's multifaceted approach to decarbonization, Topalian mentioned the company's previous investments in carbon-free iron start-ups, renewable energy generation, and small modular nuclear reactor technology.
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Embracing Green Steel: Public Support for British Manufacturing
By Strategic Research Institute on Jun 02, 2023 02:04 pm

Recent polling conducted by YouGov has revealed a remarkable surge in support among the British public for government investment in the steel industry as a means to accelerate decarbonization efforts. This growing consensus underscores the widespread recognition that transitioning toward greener technologies and industries is crucial for reducing the nation's environmental impact.

However, the public's endorsement of green steel extends beyond the pursuit of net-zero goals. It reflects their desire to ensure that the nation possesses a secure, resilient, and robust manufacturing sector in an increasingly uncertain world. Amid ongoing political debates regarding the future of the UK steel industry, the public's stance remains unequivocal.

The survey findings demonstrate that over seventy percent of adults in Great Britain prefer the government to invest in domestic steel, thereby supporting employment and manufacturing within the country, rather than relying on steel imports. Furthermore, approximately two-thirds of respondents believe that maintaining a secure British supply of steel is of significant importance.

Chairman of Tata Steel UK, Henrik Adam, emphasized the critical juncture at which the UK steel industry currently finds itself. He urged a decisive choice between relinquishing steel production and, consequently, sacrificing self-sufficiency, resilience, and thousands of well-paid jobs within steel communities, or embracing an alternative path that revolutionizes the steelmaking process, rendering it sustainable for the future.

Adam identified the tremendous opportunities inherent in this transformative journey, highlighting how it would ensure a reliable steel supply for the UK's future, stimulate economic growth across the nation, and generate well-compensated, highly skilled jobs. Importantly, such a transition would play an integral role in the UK's pursuit of net-zero ambitions, exemplifying the concept of Green Steel.
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NMDC Achieves Record Iron Ore Production & Sales in May
By Strategic Research Institute on Jun 02, 2023 02:04 pm

In a remarkable feat, State Miner NMDC has recorded its highest-ever production and sales of iron ore in the month of May, setting a strong tone for the fiscal year. With a notable upswing of 16% in production and an impressive 37% increase in sales compared to the previous year, NMDC has achieved its best performance for the months of April and May since its inception in FY24.

The cumulative production and sales figures for FY24 also showcase substantial growth, with a 13.7% increase in production and a remarkable 22% increase in sales. In the first two months of the financial year, NMDC produced 7.22 million metric tons of iron ore and sold 7.05 MnT, further solidifying its position as the country's largest iron ore producer.
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Ashoka University Appoints Dr. Leena Srivastava as Director, ACPET
By Strategic Research Institute on Jun 02, 2023 02:03 pm

Dr. Leena Srivastava, the newly appointed Director and Head of the Ashoka Centre for a People-Centric Energy Transition (ACPET), expressed the challenges faced in implementing impactful, ambitious, and sustainable energy interventions for climate action. Overcoming the siloed approaches to energy transitions is crucial to drive progress. To address this, she emphasized the need for greater collaboration among stakeholders from academia, government, private organizations, and the scientific community. This integrated approach will help identify and overcome existing barriers to accelerate actionable energy and climate action.

With her extensive experience and expertise, including her membership in the United Nations' SDG7 Technical Advisory Group, Dr. Srivastava brings a wealth of knowledge to her new role. Having served in prominent institutions such as the National Security Advisory Board, the Asian Development Bank, and leading roles in international organizations like TERI and IIASA, she is well-equipped to lead ACPET towards becoming a knowledge institution supporting India's economic growth, energy security, and net-zero goals.

The Ashoka Centre for a People-Centric Energy Transition is currently prioritizing projects in renewable energy, energy efficiency, governance of the energy sector, and energy transition finance. The Centre acknowledges the importance of ensuring energy access and security for all while working towards India's clean growth objectives. It is actively fostering partnerships with the Indian industry and the government to develop implementable models and generate valuable insights.

Additionally, the Centre is establishing synergies with relevant academic programs at Ashoka University to maximize its impact.
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Outokumpu Inner Circle to Drive Circular Economy in Europe
By Strategic Research Institute on Jun 02, 2023 02:02 pm

Outokumpu, a prominent player in the steel industry, has unveiled a pioneering initiative called Outokumpu Inner Circle, designed to strengthen the circular economy in Europe. The announcement was made at the World Circular Economy event held in Helsinki, Finland. The Inner Circle initiative marks a significant step forward by bringing transparency to supply chains, facilitating the seamless conversion of stainless steel into usable scrap, and promoting sustainable stainless steel production. It aims to establish a closed loop for steel scrap, setting a precedent for the industry.

Max Menzel, Head of Sustainability & Technical Customer Service at Outokumpu, emphasized the importance of circularity in sustainable stainless steel production. Through the Inner Circle initiative, Outokumpu aims to foster an efficient, transparent, and sustainable supply chain for steel scrap by bringing together customers and scrap suppliers. The ultimate goal is to create a visible closed loop for steel, serving as a prime example of the circular economy in action.

The initiative focuses on utilizing existing, efficient supply chains to shorten the path for scrap from customers back to producers. To ensure transparency and adherence to environmental, social, and governance (ESG) standards, all partners involved in the initiative will undergo verification.

Outokumpu's role in the Inner Circle initiative is to steer the program and establish networks between customers and verified scrap suppliers. The scrap suppliers, in turn, play a crucial role in ensuring a sustainable supply chain by providing scrap from the network's partners and distributing it in an environmentally friendly manner. Customers participating in the program will reintroduce their scrap into the cycle either after processing the material or at the end of the product's life cycle through the scrap suppliers.

Outokumpu Inner Circle is an open initiative, welcoming scrap suppliers and stainless steel consumers from Europe to participate. The early phase of the initiative will focus on establishing best practices and fostering cooperation. The overwhelming interest received thus far.
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Müller Opladen Joins Forces with Voortman Steel Machinery
By Strategic Research Institute on Jun 02, 2023 02:02 pm

Voortman Steel Machinery, renowned for its excellence in manufacturing CNC steel processing machines and software solutions, has successfully integrated Müller Opladen GmbH into its operations, effective from January 1, 2023. Müller Opladen brings valuable expertise in the production of cutting machines for pipes, pressure vessels, and structural steel, thus expanding Voortman's product lineup and capabilities.

The collaboration with Voortman presents an exciting opportunity for Müller Opladen to enhance its offerings and significantly improve its position in the market. This strategic acquisition enables Voortman to strengthen its foothold in the rapidly growing offshore and energy sectors, while also expanding its portfolio to include pipe processing technology. The synergy created by this merger is expected to drive the growth of both companies as they seize new business prospects.

Mark Voortman, CEO of Voortman Steel Machinery, expresses enthusiasm about the integration, emphasizing its importance in meeting the evolving needs of customers and offering a comprehensive range of solutions for profile, plate, and pipe processing. He looks forward to the collaboration with Müller Opladen and the opportunities it presents for joint innovation and future growth.

Voortman Steel Machinery, a family-owned company with a rich history spanning over 50 years, is committed to delivering high-quality steel processing machinery and software solutions. Their dedication to automation, quality, and customer service has been the cornerstone of their success. By joining forces with Müller Opladen, Voortman aims to provide immediate benefits to customers, leveraging its international network for customer support and consumables. This integration not only strengthens the respective markets of both companies but also reinforces their commitment to delivering enhanced value to their valued customers.
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US DOC Issues Final Ruling on Circumvention of SS Wire Rods
By Strategic Research Institute on Jun 02, 2023 02:01 pm

In a significant announcement, the US Department of Commerce (DOC) has released its final ruling on the circumvention of stainless wire rod imports. The investigation focused on wire rod completed in Vietnam using South Korean-origin material, and the ruling sheds light on whether these imports circumvent the antidumping duty orders on the product from South Korea.

After conducting a thorough investigation, the DOC concluded that the imports of stainless wire rod completed in Vietnam, utilizing South Korean-origin material, do not circumvent the antidumping duty orders in place for this product from South Korea. This ruling provides clarity on the trade practices and ensures that appropriate duties are applied where necessary.

The circumvention inquiry, initiated in February of the previous year, aimed to address concerns regarding the potential evasion of antidumping duties through the production and exportation process involving multiple countries. By examining the specific circumstances and origins of the wire rod, the DOC has reached a definitive conclusion in this case.
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Zaporozhstal Redirects Sales to Europe Amidst Market Losses
By Strategic Research Institute on Jun 02, 2023 02:01 pm

In a recent interview with French RFI, Zaporozhstal steel works' general director, Roman Slobodanyuk, revealed that the company has lost markets in Turkey, Asia, and North Africa, leading to a strategic redirection of sales towards Europe. This decision was primarily driven by the greater accessibility of European markets by land routes.

The challenging situation within the country has necessitated significant adjustments to production processes and logistics, as stated by the Zaporozhstal press service. The steel works had to reassess its manufacturing priorities and find new ways to deliver products and feedstock for blast furnaces. Shipping products through seaports was no longer viable, prompting the exploration of alternative transportation methods.

Currently, Zaporozhstal is preparing a shipment of coils and slabs to Italy, indicating its renewed focus on European markets. Despite the market setbacks, the steel works continues its operations, with three out of its four blast furnaces functioning. However, it should be noted that the plant experienced a 33-day idle period in the spring of 2022.

Zaporozhstal is renowned as one of Ukraine's largest steel works, specializing in the production of hot-rolled and cold-rolled steel, as well as various metal products, slabs, and more.
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AISI Releases Comprehensive 2022 Statistical Report
By Strategic Research Institute on Jun 02, 2023 02:00 pm

The American Iron and Steel Institute (AISI) has unveiled its highly anticipated 2022 Annual Statistical Report (ASR), which presents a wealth of data encompassing the American steel industry as well as select information on the broader North American steel market.

In his statement, AISI President and CEO, Kevin Dempsey, affirms the report's relevance in an ever-evolving industry, praising the ASR for its comprehensive coverage and positioning it as the gold standard for steel industry data. Dempsey encourages individuals with an interest in steel industry data to explore this invaluable resource.

The ASR sheds light on the industry's performance in 2022, revealing that shipments from domestic steel mills reached 89.5 million net tons (NT), marking a 5.5 percent decrease compared to the previous year. Moreover, U.S. raw steel production witnessed a decline of 6.2 percent, standing at 94.7 million net tons in 2022.

Notably, the report highlights a 2.0 percent decrease in total steel imports into the United States compared to the previous year. However, finished steel imports experienced an 11.0 percent increase during the same period, capturing a 24 percent share of apparent steel consumption. The construction and automotive sectors maintained their positions as the leading end-use markets for U.S. steel product shipments.
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AISI Releases Annual Statistical Report for 2022
June 1, 2023

Washington, D.C. –The American Iron and Steel Institute (AISI) today announced the release of its 2022 Annual Statistical Report (ASR), which provides comprehensive data on the American steel industry and select data on the North American steel industry as a whole.

“The steel industry is constantly evolving, and AISI’s statistics continue to remain at the forefront,” said AISI President and CEO, Kevin Dempsey. “Our Annual Statistical Report (ASR) is comprehensive and remains the industry standard for reporting on the steel industry in the United States. I highly recommend this essential resource for anyone interested in steel industry data.”

The report highlights that, in 2022, shipments from domestic steel mills measured 89.5 million net tons (NT), down 5.5 percent from the previous year. U.S. raw steel production was 94.7 million net tons in 2022, a 6.2 percent decrease from 2021. The report also shows that total steel imports into the United States decreased by 2.0 percent in 2022 compared to the previous year, while finished steel imports increased by 11.0 percent over the same period and captured a 24 percent share of apparent steel consumption. The report also notes that the construction and automotive industries continued as the leading end-use markets for shipments of U.S. steel products.

The AISI ASR report is the most comprehensive reference of its kind, providing extensive coverage of the American steel industry and selected statistical data on the Canadian, Mexican and world steel industries. It features dozens of charts and graphs, including selected statistical highlights on shipments, apparent supply, imports, employment and raw steel data over a 10-year period; selected financial highlights; shipments by products and markets over a 10-year period; raw steel production (including selected state-level production data) and capability utilization; and detailed imports and exports data.

A copy of the 2022 Annual Statistical Report can be purchased by visiting the Platts Steel Data and Analysis website or by calling 1-800-PLATTS-8.

www.steel.org/2023/06/aisi-releases-a...
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US HRC prices slump while CRC holds
423 Views

Prices for hot rolled coil slid down to $940-$1,000/short ton as cold rolled coil maintained its pricing at $1,250-1,300/st, service centre and mill sources confirm to Kallanish.

“I know there is excess inventory now with all the Canadian and Mexican coil coming in,” a service-centre source shares as a potential explanation for some of the price decrease.

One well-placed sheet source in the east observes: “A certain mill is trying to avoid turning off a blast furnace and people trying to gain their share of the market will not give in. This is placing more pressure on HRC prices than downstream.” The source adds: “I do not agree with whoever is saying $900 is the floor. They are fishing or making up prices.”

A service centre operator says: “Buyers have very little trust in pricing and current market conditions. Price fluctuations confuse most buyers so they buy only what they need now. Few manufacturers are building finished products for future releases.”

In the equivalent week in 2022, prices of hot rolled coil ranged from $1,200-1,300/st and cold rolled prices were at $1,725-1,800/st.

All prices are ex works domestic mill.

Kristen DiLandro USA
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Efficacy of Organoselenium Derivatives as Corrosion Inhibitors

Strategic Research Institute
Published on :
5 Jun, 2023, 5:59 am

A study focusing on organoselenium thiourea derivatives as potential corrosion inhibitors for carbon steel was conducted. The derivatives were characterized using spectroscopic methods and evaluated for their inhibitory performance using electrochemical techniques. The results demonstrated their high inhibition efficiency and revealed insights into their adsorption mechanism and protective abilities. Further theoretical simulations provided valuable information about their interactions with corrosive solutions. This study highlights the promise of organoselenium thiourea derivatives in controlling corrosion and preventing material degradation.

Carbon steel is widely used in various industries, including marine and petroleum sectors, due to its excellent mechanical properties. However, it is highly susceptible to corrosion in acidic environments, particularly in hydrochloric acid used for industrial processes. The economic impact of corrosion-related losses amounts to billions of dollars annually. While several strategies have been developed to prevent corrosion, corrosion inhibitors have proven to be one of the most effective approaches. Corrosion inhibitors possess strong adhesion properties to metallic surfaces and rapidly reduce the corrosion rate upon application.

Organic molecules containing hetero atoms such as sulfur, oxygen, and nitrogen have been extensively employed as corrosion inhibitors for mild steel in aqueous conditions. These organic inhibitors offer cost-effective solutions due to their abundant adsorption centers. The adsorption mechanism between the metal surface and the organic layer significantly hinders both anodic and cathodic corrosion reactions at the metal/solution interface. Electrochemical techniques, including electrochemical impedance spectroscopy and potentiodynamic polarization, provide valuable insights into corrosion rates, while theoretical simulations enable a deeper understanding of the interactions between metals and inhibitors.

Organoselenium (OSe) compounds have recently gained attention for their diverse applications in material and medicinal chemistry. Selenium's unique characteristics, such as its redox properties, have opened up potential applications for OSe agents in various industries. Compared to its analogs sulfur, nitrogen, and phosphorus, selenium exhibits lower electronegativity and larger size, leading to higher polarizability and nucleophilicity. Organoselenium compounds are known for their nucleophilic properties, as well as their potential catalytic and chelating activities. The semiconductor nature of selenium enables its utilization in material science and electronics, including solar cells, sodium-ion batteries, photocells, and light meters.

While numerous corrosion inhibitors have been developed over the years, most are effective only at room temperature and low acid concentrations. Thus, there is a need for inhibitors that can withstand harsh conditions, including high temperatures and concentrated acids (>15 wt% HCl). Thioureas have shown promise in retarding corrosion in various metals, including aluminum, copper, ferrous, zinc, and magnesium, by influencing cathodic and anodic reactions. Their ability to share free electrons with metal templates through nitrogen and sulfur atoms makes them ideal adsorption sites, providing protection against acid corrosion. Organoselenium compounds are considered superior corrosion inhibitors to their organosulfur counterparts due to selenium's greater ability to share outer electrons with metals. However, the anti-corrosive efficacy of OSe agents has been scarcely discussed in the literature.

In recent studies, different organoselenocyanates and diselenide-based water-soluble OSe compounds have been reported as corrosion inhibitors for reinforced steel in simulated concrete pore solutions. OSe-tethered anthranilic acid hybrids and OSe-based tetrazoles have also shown potential as corrosion inhibitors for pipeline steel and steel tubing samples during oil well acidizing. These findings have paved the way for investigating the potential synergy between thiourea and organoselenium compounds to enhance overall corrosion inhibition activity.

In this study, two organoselenium thiourea derivatives, DS036 and DS038, were synthesized and characterized using FTIR and NMR spectroscopy. The inhibitory performance of these compounds on carbon steel corrosion in hydrochloric acid was evaluated using potentiodynamic polarization and electrochemical impedance spectroscopy techniques. The results revealed their exceptional inhibition efficiency, mixed-type corrosion inhibition behavior, and significant changes in polarization resistance and double-layer capacitance upon increasing the inhibitor concentration. Adsorption studies supported the Langmuir isotherm model, indicating the adsorption mechanism of the inhibitors on the steel surface. Field emission scanning electron microscopy (FE-SEM) provided visual evidence of the adsorption and protective abilities of the organoselenium-based inhibitors. The molecular interactions between the inhibitors and corrosive solution anions on the iron surface were explored through in silico calculations using density functional theory (DFT) and Monte Carlo simulations. These calculations shed light on the inhibitors' ability to form a protective surface and control the corrosion rate.
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Efficacy of Schiff Base Compound MTIO as a Corrosion Inhibitor

Strategic Research Institute
Published on :
5 Jun, 2023, 6:03 am

The degradation of mild steel due to corrosion is a significant concern in various industries, necessitating the development of effective corrosion inhibitors. This study focuses on evaluating the inhibitory properties of a Schiff base MTIO in preventing mild steel corrosion in hydrochloric acid solution. Experimental techniques including weight loss measurements, potentiodynamic polarization, electrochemical impedance spectroscopy, and surface characterization were employed to assess the corrosion inhibition efficiency.

The results revealed that at 303 K, 0.5 mM MTIO exhibited a satisfactory inhibitor efficiency of 96.9%. The adsorption of MTIO onto the mild steel surface followed the Langmuir model, forming a compact protective film attributed to the presence of a thiazole ring in the MTIO structure. The combination of theoretical calculations using density functional theory (DFT) and experimental techniques provided insights into the anticorrosion performance and mechanism of inhibition.

Mild steel is widely used in structural components but is susceptible to corrosion, resulting in substantial economic losses. To mitigate this issue, the development of corrosion inhibitors, particularly Schiff bases, has gained significant attention. These inhibitors, containing heterocyclic rings and heteroatoms, have the ability to coordinate with iron atoms and form coordination bonds, thus exhibiting excellent anti-corrosion properties. Organic inhibitors, such as aromatic thiadiazoles and isatins, are considered environmentally safe and possess favorable corrosion inhibition characteristics. Previous studies have shown the potential of Schiff bases in inhibiting mild steel corrosion, particularly in acidic environments. However, the specific contributions of different substituents and their influence on corrosion inhibition are still not fully understood. The combination of theoretical calculations and experimental techniques offers a comprehensive approach to investigate the performance and mechanism of corrosion inhibition.

By employing various analytical techniques and theoretical calculations, the inhibitory efficacy of MTIO was thoroughly evaluated. The findings provide valuable insights into the kinetic and thermodynamic aspects of the corrosion inhibition process, contributing to the development of more effective corrosion prevention strategies. The practical implications of this study extend to industries such as oil and gas, construction, and transportation, where mild steel corrosion is a significant challenge. The development of environmentally friendly inhibitors that effectively protect mild steel in acidic media can lead to cost savings and improved operational efficiency in these industries.

The investigation demonstrated the high corrosion inhibition efficiency of MTIO for mild steel in corrosive media. The adsorption of MTIO onto the steel surface formed a protective film, resulting in a significant reduction in the corrosion rate. The inhibitory performance was influenced by the temperature and concentration of MTIO, with higher concentrations and lower temperatures exhibiting better corrosion protection. The results from different measurement techniques, including weight loss, electrochemical impedance spectroscopy, and potentiodynamic polarization, consistently confirmed the effectiveness of MTIO as a corrosion inhibitor. Surface characterization and quantum chemical computations provided further insights into the adsorption behavior and electronic structure of MTIO on the metal substrate.
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World Bank Grant Supports Reconstruction of Ukraine's Railway

Strategic Research Institute
Published on :
5 Jun, 2023, 6:06 am

Ukrainian Railways, the state-owned operator of Ukraine's extensive railway network, has received a substantial $25 million grant from the World Bank. This grant aims to support the crucial reconstruction of railway infrastructure, ultimately facilitating the transportation of steel products out of the country. Additionally, the funds will be utilized to expand the capacity for container cargo by procuring additional fitting platforms specifically designed for long or bulky loads. This significant financial assistance from the World Bank marks a milestone in Ukrainian Railways' collaboration with international institutions.

Recognizing the exceptional importance of railway connections for Ukraine's economy, particularly in the context of post-war reconstruction, the United Nations Office for Project Services (Unops) expressed its commitment to providing assistance to the national railway carrier. Unops emphasized the importance of facilitating access to necessary goods for the population and creating new opportunities for enterprises.

In addition to the grant from the World Bank, Ukrainian Railways has received pledges of support from other entities. The United Kingdom has pledged £10 million ($12.4 million) worth of railway material and repair equipment, while the European Bank for Reconstruction and Development has committed to providing a loan of up to €200 million ($214.4 million).

The ongoing war in Ukraine has significantly disrupted the railway operations, with the railway network suffering over 12,000 strikes necessitating extensive repair work. The conflict severed Ukraine's access to Black Sea ports and led to a halt in civil aviation, putting immense pressure on the railway's capacity. In addition to its regular operations, the railway had to transport internally displaced civilians, refugees, politicians, and even pets, with priority given to grain shipments.

The disruptions and capacity constraints caused by the war have had a detrimental impact on Ukrainian steelmaker Metinvest, leading to reduced production due to export logistics constraints. The planned improvements to Ukrainian Railways enabled by the World Bank grant are expected to alleviate these challenges and potentially increase shipments and overall output. However, the full recovery of Ukraine's metallurgical industry is dependent on the unblocking of ports, according to Metinvest's commercial director.

Metinvest welcomed the World Bank grant, stressing the importance of restoring critical infrastructure and manufacturing facilities, including rail production, for the long-term rebuilding of Ukraine. The absence of domestic rail production negatively affects the domestic market, resulting in higher costs for imported rail products.
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