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Jindal Stainless (Hisar) Increases Sale by 13% in Apr-Jun’22

Strategic Research Institute
Published on :
28 Jul, 2.022, 6:40 am

Jindal Stainless (Hisar) Limited’s standalone revenue, EBITDA & PAT stood at INR 3,071 crore, INR 316 crore & INR 195 crore respectively during April-June 2022 quarter. On a consolidated basis, Jindal Stainless (Hisar) Limited’s revenue, EBITDA & PAT were recorded at INR 3,454 crore, INR 337 crore & INR 308 crore respectively. Jindal Stainless (Hisar) Limited Managing Director Mr Abhyuday Jindal said “Q1 of FY23 posed various unforeseen macro-economic challenges that impacted the overall sales volumes for the Indian stainless steel industry. The imposition of a 15% export duty by the Indian government further aggravated the domestic market which is marred by unwarranted imports. Despite the challenges, JSHL catered to the demand from key sectors in the country. Simultaneously, JSHL is developing new stainless steel specialty grades and finishes to serve a wide array of critical applications. Going forward, we will implement various green energy projects including the installation of a Green Hydrogen plant at our manufacturing facility.”

Standalone Performance

Revenue - INR 3,071 crore, up by 22% YoY

EBITDA - INR 316 crore, down by 17% YoY

PAT - INR 195 crore, down by 19% YoY

Sales Volume - 132,172 tonnes, up 13%

Domestic Sales - 83%

Exports - 17%

Jindal Stainless (Hisar) Limited is set to install a Green Hydrogen Plant on Build-Own-Operate (basis for its manufacturing processes. Through this venture, the Company will be able to conserve power and reduce its carbon emissions considerably. Additionally, the Company has successfully installed automated lime handling system, energy efficient motors IE3 and has commissioned oxy-fuel burners at its manufacturing facility. Further, the Company aims to install rooftop solar power generation and waste management systems in Q2 of FY23.
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Acerinox Reports Best Half-Year Results in History in Jan-Jun 2022

Strategic Research Institute
Published on :
29 Jul, 2.022, 6:18 am

Madrid headquartered Spanish stainless steel giant Acerinox has reported best half year results in its 52-year history for January to June 2022. Group EBITDA totaled EUR 945 million, increasing by 150% compared to the same period of 2021, when EBITDA totaled EUR 378 million. The Group’s net profit amounted to EUR 609 million, a 201% increase compared to the same period of 2021, when profits totaled EUR 203 million. Revenue also increased significantly in the first six months of 2022 to total EUR 4,821 million, giving rise to a 57% increase compared to the first half of 2021. During this six-month period, Acerinox produced 1.29 million tonnes, a slight decrease compared to the same period of 2021, when production totaled 1.34 million tonnes.

The improvement in performance during the first half of 2022 was progressive. In the second quarter of 2022, EBITDA increased by 24% compared to the first quarter, increasing from EUR 422 million to EUR 523 million. Revenue increased by 11% to EUR 2,535 million compared to the previous quarter, and net profit increased from EUR 266 million in the first quarter to EUR 343 million in the second, a 29% increase.

Acerinox said “There remains a healthy demand from end customers, but there has been a drop in dealer orders following the end of the inventory replenishment process that started at the end of 2020. The strength of the market and the stability of costs in the US, coupled with the Group’s order backlog, provide us with optimism for the third quarter. The exceptional EBITDA achieved in the second quarter, helped by the revaluation of inventories, is a new historical record for Acerinox.”

Acerinox CEO Mr Bernardo Velázquez said “We are witnessing a process of regionalization. The regionalization process that is taking place will increase local purchases and will offset, to a certain extent, the economic recession. Not only do we expect a greater local purchasing component in our main markets, but the closer sourcing will also boost the development of the entire industry in the countries in which we operate, which will further promote stainless steel consumption. If we add to this situation the congestion and high transport costs and the measures against unfair competition in the different markets, which will make exports less competitive, we believe that this new decade that we are starting in such a turbulent way will allow us to value the geographical diversification of the Acerinox Group and all the progress we are making, which will boost Acerinox’s results.

Expected EBITDA in the third quarter of 2022 is likely to be above the average quarterly results of the excellent 2021, the best year in the Group’s history. The second half of the year will be marked by the conflict in Russia and Ukraine and the many uncertainties arising therefrom. The factor which causes greatest concern at the moment is energy, not only because of high prices in Spain, but also because of uncertainties about future regular supply in Germany.
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China's Crude Stainless Steel Production Shrinks in H1 of 2022

Strategic Research Institute
Published on :
2 Aug, 2.022, 6:36 am

China Special Steel Enterprises Association’s Stainless Steel Branch announced that China’s crude stainless steel output totaled around 16.35 million tonnes in January-June 2022, decreasing by 5.3% YoY. The apparent consumption of stainless steel during the given period was approximately 14 million tonnes, a decrease of 5.4% YoY.

During the period, China imported around 1.68 million tonnes of stainless steel, a YoY increase of 19.6%. Meanwhile, the exports of stainless steel totaled 2.42 million tonnes, up by 10.6% YoY.
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Linde to Build ASU at Jindal Stainless Kalinganagar

Strategic Research Institute
Published on :
2 Aug, 2.022, 6:37 am

Leading industrial gas supplier Linde India has inked a long-term agreement with Jindal Stainless to construct a 1,450 tonnes per day air separation unit to meet the latter's gas requirements at JSL’s plant at Kalinganagar in Odisha.

The new ASU will supply to JSL 1,450 tonnes per day of Oxygen, 1,800 tonnes per day of Nitrogen and 64 tonnes per day of Argon and will have additional capacity to cater to demand in the merchant market.
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Air Products Aids Columbus Stainless to Solve Oxygen Crisis

Strategic Research Institute
Published on :
5 Aug, 2022, 6:13 am

Leading industrial gas provider Air Products has recently assisted their biggest argon customer Columbus Stainless to overcome a production challenge which could have had a severe impact on their operations. Air Products team was approached by Columbus Stainless in Middelburg in South Africa in June to assist in providing a solution for the emergency oxygen supply. The Air Products team acted swiftly to ensure that Columbus Stainless could continue their production with a minimal downtime period averting delays for their export trade.

Columbus Stainless was confronted with a major interruption in the oxygen supply via the pipeline. Due to the oxygen supply pipeline interruption and the Air Products argon installation on site not being utilized, an option was recommended by the technical team to modify and utilize the existing argon storage and vaporization system for an alternate supply of oxygen into the plant. By changing the equipment service use from argon to oxygen, all required controls would be available with minor modifications requiring a temporary pipeline to provide an interconnection between this installation and the plant oxygen supply pipeline. The core requirement was to connect approximately 24 meters of three inch stainless steel pipe as a temporary gas supply solution.

The process of converting the crude argon system to oxygen was seamless as Air Products uses oxygen clean components as a standard for all gas applications. The product in the tanks had to be run down, and the system had to be purged to change service from crude argon to oxygen. An oxygen fill flange with an adaptor had to be fabricated and installed onto the current crude argon fill flange. The crude argon low pressure tank control, electrics and transfer pump had to be isolated and disabled. Concurrently, a three inch stainless steel pipe had to be fabricated, welded and installed from the crude argon system to the tie-in point on site.

Air Products relationship dates back to the 1980’s, before the company was renamed Columbus Stainless. Over the years, Air Products has gradually increased the volume of industrial gas products to Columbus Stainless, the only stainless steel mill in Africa and part of the Acerinox Group of companies.
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BaoSteel Develops Thick Stainless Steel Plates for LNG Pipelines

Strategic Research Institute
Published on :
5 Aug, 2022, 6:16 am

Chinese steel giant BaoSteel’s Heavy Plate Division has successfully delivered 98mm thick & 3000mm wide high performance S31603 stainless steel plates for pressure vessels directly rolled from large steel ingots recently, realizing the first domestic launch of similar extra-thick stainless steel products.

The Heavy Plate Division of BaoSteel integrated the resources of the whole process of stainless steel manufacturing, gave full play to the process and equipment advantages of partners in each ecosystem, and opened up key production links in series, forming a large steel ingot Mass production capacity of straight rolled extra thick, high quality, high performance stainless steel sheets for pressure vessels.

The team first launched 12.7mmx3790mmx12000mm stainless steel plates for domestic high-precision and ultra wide LNG pipelines substituting imports to connect LNG carriers to onshore LNG storage.
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Jindal Stainless Ropes in E&Y for Achieving ESG Goals

Strategic Research Institute
Published on :
9 Aug, 2022, 6:25 am

India’s leading stainless steel manufacturer Jindal Stainless is taking several initiatives to achieve its broad Environmental, Social & Governance goals. As a responsible corporate that is committed to transition to sustainable manufacturing, Jindal Stainless has initiated Project Samanvay to assess its preparedness as per select ESG indices. The Company has appointed Ernst & Young as its partner to develop a strategic roadmap for the project. Additionally, the Company has also proposed to forecast its GHG emissions and establish emission reduction targets in line with Science Based Target initiative.

In the next 6 months, Jindal Stainless and EY will work seamlessly to carve out a strategic roadmap for achieving decarbonization, evaluate continuous upgrades and retrofits, adopt clean technologies strategy, improve ESG performance, and embrace digitalization of business process, initiate GHG Accounting etc.

Considering the complexities and impact of expansion in a hard to abate sector, Jindal Stainless is making concerted efforts to decarbonize and reduce carbon emissions significantly for its present and future capacity expansion plans. The focused initiatives include deploying energy-efficient measures, process reconfiguration, adopting and investing in circular economy principles, improving material efficiency, fleet decarbonization, investing in low-carbon emission technologies for stainless steel production etc. Currently, Jindal Stainless has a stainless steel melting capacity of 1.9 million tonnes at its Hisar and Jajpur manufacturing facilities. The Company has planned a capacity expansion at its Jajpur facility by 2022-23 to take the total melting capacity to 2.9 million tonne.

During FY 2021-22, Jindal Stainless reduced its carbon emissions by 3,100 tonnes and initiated a switch from a thermal energy-intensive manufacturing setup to renewable energy alternatives such as solar & wind power, Green Hydrogen and usages of bio-fuels as part of our decarbonization initiatives.
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US Continues AD & CAT Duties on Stainless Steel Plate in Coils

Strategic Research Institute
Published on :
9 Aug, 2022, 6:27 am

US Department of Commerce & the US International Trade Commission determinations that revocation of the antidumping duty orders on Stainless Steel Plate in Coils from Belgium, South Africa and Taiwan and the countervailing duty order on Stainless Steel Plate in Coils from South Africa would likely lead to a continuation or recurrence of dumping, net countervailable subsidies, and material injury to an industry in the United States, US DOC has published a notice of continuation of the AD orders and the CAT order. US DOC has ordered the continuation of the Orders on SSPC from Belgium, South Africa, and Taiwan.

US Customs and Border Protection will continue to collect AD and CAT cash deposits at the rates in effect at the time of entry for all imports of subject merchandise.

On 11 May 1999, US DOC published the CVD Order on Stainless Steel Plate in Coils from South Africa & on 21 1999, US DOC published the AD Orders on Stainless Steel Plate in Coils from Belgium, South Africa and Taiwan On 1 December 2021, US DOC published the initiation of the fourth sunset reviews of the orders and the ITC instituted its review of the orders. As a result of its reviews, US DOC determined that that revocation of the AD Orders would likely lead to a continuation or recurrence of dumping and that revocation of the CVD Order would likely lead to the continuation or recurrence of countervailable subsidies. US DOC, therefore, notified the ITC of the magnitude of the margins and net countervailable subsidy rates likely to prevail should the Orders be revoked. On 25 July 2022, the ITC published its determination that revocation of the Orders would likely lead to a continuation or recurrence of material injury to an industry in the United States within a reasonably foreseeable time.

The product covered by these Orders is certain stainless steel plate in coils. Stainless steel is alloy steel containing, by weight, 1.2% or less of carbon and 10.5% or more of chromium, with or without other elements. The subject plate products are flat-rolled products, 254mm or over in width and 4.75mm or more in thickness, in coils, and annealed or otherwise heat treated and pickled or otherwise descaled. The subject plate may also be further processed provided that it maintains the specified dimensions of plate following such processing. Excluded from the scope of these Orders are the following

1. Plate not in coils

2. Plate that is not annealed or otherwise heat treated and pickled or otherwise descaled

3. Sheet and strip

4. Flat bars

The merchandise subject to these Orders is currently classifiable in the Harmonized Tariff Schedule of the United States at subheadings: 7219.11.00.30, 7219.11.00.60, 7219.12.00.02, 7219.12.00.05, 7219.12.00.06, 7219.12.00.20, 7219.12.00.21, 7219.12.00.25, 7219.12.00.26, 7219.12.00.50, 7219.12.00.51, 7219.12.00.55, 7219.12.00.56, 7219.12.00.65, 7219.12.00.66, 7219.12.00.70, 7219.12.00.71, 7219.12.00.80, 7219.12.00.81, 7219.31.00.10, 7219.90.00.10, 7219.90.00.20, 7219.90.00.25, 7219.90.00.60, 7219.90.00.80, 7220.11.00.00, 7220.20.10.10, 7220.20.10.15, 7220.20.10.60, 7220.20.10.80, 7220.20.60.05, 7220.20.60.10, 7220.20.60.15, 7220.20.60.60, 7220.20.60.80, 7220.90.00.10, 7220.90.00.15, and 7220.90.00.60.
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Jindal Stainless Ropes Hygenco India for Green Hydrogen Plant

Strategic Research Institute
Published on :
11 Aug, 2022, 6:29 am

According to a PTI report, Indian stainless steel giant Jindal Stainless has partnered with Hygenco India to set up a green hydrogen plant to reduce its carbon emissions by nearly 2,700 tonnes per annum. JSL's Managing Director Mr Abhyuday Jindal said that “The green hydrogen plant will catalyze its transition from thermal to clean energy in the Indian manufacturing space. Going forward, we will continue our Environmental, Social and Governance efforts to achieve net zero emissions and power conservation.''

According to JSL, it reduced carbon emissions by 3,100 tonnes during 2021-22, and initiated a switch from a thermal energy-intensive manufacturing setup to renewable energy alternatives such as solar and wind power.

Hygenco is a venture backed by Vivaan Solar, a leading solar developer and renewables EPC player in India. Hygenco aims to be a global leader in deploying Green Hydrogen and Green Ammonia powered industry solutions. It develops and deploys scaled-up commercially attractive Green Hydrogen and Green Ammonia production assets.
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Jindal Stainless Has Not Inked Pact for Hydrogen Plant'

Strategic Research Institute
Published on :
15 Aug, 2022, 5:14 am

Jindal Stainless has informed that it has not entered into any partnership to install green hydrogen plant as mentioned in few media reports. Jindal Stainless gave clarification on media report titled “Jindal Steel to set up green hydrogen plant” by informing that it has not entered into any partnership to install green hydrogen plant as mentioned in few media reports. It said “Jindal Stainless (Hisar) on 10 August 2022 had informed to the Stock Exchanges about entering into partnership with Hygenco India Private Limited to install a Green Hydrogen Plant. The mentioned media reports seem to be based on the said press release made by Jindal Stainless (Hisar).”

Jindal Stainless (Hisar) had informed BST on 10 August that Jindal Stainless (Hisar) Ltd has partnered with Hygenco India Private Limited to install a Green Hydrogen Plant. Jindal Stainless (Hisar) had said “This Green Hydrogen Plant will enable the Company to considerably reduce its CO2 emissions by nearly 2700 tonnes per annum. With this development, the Company is set to become the first stainless steel Company in India to install a Green Hydrogen Plant.”
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Hygenco Signs Green Hydrogen Agreement with Jindal Stainless

Strategic Research Institute
Published on :
17 Aug, 2022, 6:13 am

India’s stainless steel giant Jindal Stainless (Hisar) Ltd has partnered with Hygenco India to install a Green Hydrogen Plant. This Green Hydrogen Plant will enable the Company to considerably reduce its CO2 emissions by nearly 2700 tonnes per annum. The first of its kind off-take agreement in India will see Hygenco Build-Own-Operate the Green Hydrogen facility for 20 years. It will also become the first multi-megawatt scale plant with long-term offtake in Asia to be commissioned in the next 12 months.

The state-of-the-art and fully autonomous plant will be controlled by an advanced Energy Management and Control System. The system monitors several parameters including hydrogen generation, renewable energy generation, states of charge, pressure, temperature and makes autonomous real-time decisions for achieving high efficiency. The technology enables the company to augment the hydrogen yield and deliver cost-competitive hydrogen to the end clients.

Headquartered in India, Hygenco is a global pioneer deploying Green Hydrogen and Green Ammonia-powered industry solutions. Hygenco develops and deploys scaled-up commercially attractive Green Hydrogen and Green Ammonia assets. Hygenco has deep capabilities in designing, building, and operating Green Hydrogen projects.
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Baowu & Tsingshan in Talks for Stainless Steel Deal - Report

Strategic Research Institute
Published on :
17 Aug, 2022, 6:16 am

Bloomberg reported that Chinese nickel giant Tsingshan Holding Group is in advanced talks to sell some of its stainless-steel assets in Indonesia to China Baowu as part of a strategic review. The report quoted sources as saying that “Baowu is likely to acquire controlling stakes in some integrated production lines owned by Tsingshan at Indonesia Morowali Industrial Park in Central Sulawesi province. The talks started in April, and the assets for sale include production plants of stainless steel and nickel pig iron. A deal could be worth USD 3-4 billion.”

Sources added “The two sides have already agreed on several key terms and are currently discussing details such as operations and sales after the acquisition.”

A successful transaction would boost Baowu’s annual stainless-steel production capacity to over a combined 13 million tonnes by adding one million tonnes in Indonesia, according to Bloomberg’s calculation based on the company’s existing capacity and the plants that they’re in talks to acquire.

Baowu has also become China’s biggest stainless steel maker through a series of acquisitions in a consolidation push backed by the Chinese central government. It took over Shanxi Taigang Stainless Steel Co in 2020 and has bought controlling stakes in other smaller Chinese domestic rivals over the past few years. Baowu has ambitions of raising stainless steel output to 15 million tonnes by end-2023 and to 18 million tonnes by end-2025, via jointly owned mills with Chinese local and overseas companies. Its operations span western Xinjiang to eastern Shandong to southern Guangdong in China. A successful transaction would boost Baowu’s annual stainless-steel production capacity to over a combined 13 million tonnes by adding one million tonnes in Indonesia

Tsingshan Holding is owned by billionaire Mr Xiang Guangda who shot to prominence recently after his bets that nickel prices would fall caused a historic squeeze on the London Metal Exchange earlier this year.
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Oryx Stainless Increases Credit Lines

Strategic Research Institute
Published on :
18 Aug, 2022, 6:36 am

Leading international stainless steel scrap supplier Oryx Stainless is increasing its financial flexibility with a syndicated credit facility in the amount of EUR 125 million, replacing the existing facility at an early stage, due to steep incline in raw materials prices and delivery volumes in recent times. This recent refinance agreement guarantees sufficient liquidity for further growth planning.

The syndicated borrowing base credit agreement serves mainly to finance the working capital of the European Group companies as well as to provide collateral in connection with commodity hedging business. It parallels the credit agreement in Thailand for the Asian business of the Group. The transaction was agreed upon with a long-standing unchanged consortium of six banks and runs for a period of three years, with an option to extend for a further year. The banking consortium includes HSBC Germany as the sole book runner and mandated lead arranger, with Commerzbank, DZ Bank and Rabobank as mandated lead arrangers as well as NRW Bank and Stadtsparkasse Düsseldorf as lead arrangers.

Included in the documentation is an option to increase the loan amount up to EUR 145 million.

Founded in 1990, the Oryx Stainless Group, with its parent company Oryx Stainless Holding, is one of the world’s leading trade organisations for raw materials in the production of stainless steel. The focus of the company’s business activities is on the handling and processing of stainless steel scrap into Oryx Stainless Blends. These secondary raw material blends, individually fine-tuned for each stainless steel producer replace, above all, primary raw materials.
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BaoSteel’s TISCO Establishes Stainless Steel Precision Standard

Strategic Research Institute
Published on :
19 Aug, 2022, 6:12 am

Chinese steel giant BaoSteel announced that the national standard for Stainless Steel Precision Foil, drafted by Shanxi TISCO Stainless Steel was released recently. The market for stainless steel precision foil has been growing rapidly in recent years. The product is often in short supply in the high-end fields, especially in areas such as OLED flexible screens and new energy vehicle battery cladding materials. However, companies in downstream industries often follow their own standards or inter-enterprise technical agreements in the procurement of such materials. In order to regulate the market of this emerging field as early as possible and promote the high-quality development of the whole industry chain, TISCO actively applied for the project of standard making, developed the standard, and brought it to fruition.

The release of this standard ended the history of no national standard in the field of stainless steel precision foil in China. In order to further promote the influence of TISCO in the international market, the standard preparation team will, as its next step, actively promote the release of the foreign language version of the standard.
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Ningde City in Fujian Province to be Capital of Stainless Steel

Strategic Research Institute
Published on :
23 Aug, 2022, 6:36 am

The municipal government of Ningde city in Fujian Province organized China's first Stainless Steel Industry Innovation and Development Conference last week, aiming to develop the largest stainless steel industry base in China with an annual production capacity of 7 million tonnes. Ningde City in Fujian Province of China plans to build the world's largest and most competitive stainless steel industrial base and has released the Economic Development Plan of the Bay area around Sandu'ao in early April, which mentions expanding the four leading industrial chains, focusing on the four leading industries such as stainless steel new materials, taking the leading enterprises as the leading enterprises and relying on cooperation and supporting facilities to promote the inter-regional transfer and agglomeration of industries and the linkage between upstream and downstream and to create an influential industrial base of advanced structural materials.

Local industry leaders such as Tsingtuo Group have contributed to the formation of a stainless steel business cluster. Major projects involving stainless steel new materials industry in strategic emerging industries include: Qingtuo stainless steel 600,000 tonnes of cold rolling, Qingtuo 500,000 tonnes of stainless steel seamless steel pipe, Qingtuo 2 million tonnes of medium and heavy plate, Qingtuo 1.7 million tonnes of stainless steel rod and wire rod processing and matching, Qingtuo stainless steel new materials deep processing industrial park and other projects.

In recent years, China's self-developed stainless steel products have been widely used in many fields, especially the chemical, auto, aerospace and medical industries, playing a crucial role in stabilizing the industrial and supply chains of China's steel industry. Despite the large stainless steel output and complete range of varieties and specifications, China still falls short in terms of the core technology and innovation capacity. The industry is facing COVID-induced risks, compounded by high reliance on raw materials from foreign sources and international price fluctuations. There is considerable space for upgrading China's stainless steel industry.
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SpaceX Relies on Stainless-Steel for Starship Mars Rocket

Strategic Research Institute
Published on :
25 Aug, 2022, 6:16 am

Worldsteel Association has highlighted that world’s richest person Mr Elon Musk’s innovative space programme SpaceX is relying on the unique qualities of steel for its plans to make Mars colonization a reality. With the aim of reducing space flight costs, SpaceX is developing a fully reusable, privately funded launch system Starship for interplanetary and orbital spaceflight. The body of the Starship rocket & its Super Heavy Booster, originally slated to be constructed from carbon fibre, SpaceX announced that this would be replaced with gleaming 300-series stainless-steel. This marks the first use of this material in a rocket since failed attempts in the Atlas intercontinental ballistic missile programme in the 1950s.

With Starship intended for interplanetary travel, however, material selection is a significant factor in the success of Spacex’s attempts to reach the fourth planet from the sun. Stainless-steel’s high melting point is a major advantage when it comes to space travel. Aluminium or carbon fibre are limited to a steady-state operating temperature of 150 degree Celsius, with short periods operating at around 180-200 degree Celsius, but which lead to a weakening of the material. Some carbon fibers can operate continuously at 200 degree Celsius, but these come with compromises in strength.

Steels, with appropriate heat dissipation controls, can perform at temperatures as high as 820-870 degree Celsius. As such, an innovative steel-built system will be used for the Starship’s heat shield, which protects the vessel from the high temperatures experienced during entry into a planet with an atmosphere such as Mars or Earth. The heat shield features two stainless-steel layers joined with stringers, with water flowing between them. The exterior has micro-perforations which then allow for water to bleed out, keeping temperatures low through transpiration cooling.

Lowering the cost of travel to Mars is crucial to the project’s overall success and here stainless-steel vastly outperforms its competitors. Carbon fibre costs USD 135 per kilogram, and more than a third of the material is scrapped during the production process, meaning the real-terms cost is around USD 200 per kilogram. The equivalent amount of stainless steel will set you back just USD 3.

When launching a vessel out of Earth’s atmosphere, every gram must be considered and eliminated where possible. Traditionally, steels would not be considered a lightweight option, but stainless-steel’s unique attributes actually make it the best choice for keeping weight down. In the cold darkness of space, the temperature sits at a frosty minus 270 degree Celsius. At these cryogenic temperatures, stainless steel’s strength is increased by 50%. The chrome-nickel content in its make-up means it does not become brittle even at very low temperatures.

For an interplanetary rocket, high ductility, high toughness, and very little chance of fractures when operating in cryogenic environments, makes for the perfect material. These properties mean that less material can be used, lowering the weight and making stainless-steel highly viable for space travel. The company’s materials teams have been working on a new stainless-steel alloy with higher chromium content. This 304L alloy is even more resistant to both corrosion and degradation making it perfect for the continued re-use planetary colonization would require
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Centravis Operating 2 Shifts at Nikopol Plant in Ukraine

Strategic Research Institute
Published on :
7 Sep, 2022, 6:17 am

Ukrainian stainless steel seamless pipe specialist Centravis said that production continues to work. Centravis Chief Sales Officer Mr Artem Atanasov wrote to clients “The Hot Shop and the Cold Shop continue working in 2 shifts. All key equipment is running. Production is provided with billets and all necessary materials. Our Logistics team is actively working and constantly looking for the best and safe ways to deliver the finished products. Our Sales offices worldwide in Essen, Milan, Krakow, Lugano, Houston, and Dubai are open, our Financial and Administrative Departments, Customer support are ready for your calls and messages.”

Mr Atanasov said “Centravis CEO Mr Yuriy Atanasov and Production Director Mr Andriy Krasjuk stay in Ukraine and keep working in Nikopol.”

Mr Atanasov added “Our Sales team and I continue to closely work with our clients regarding new inquiries. Right now, I am in the USA, meeting with our clients and partners, developing existing cooperation and searching for new possibilities.

With 70 years of experience, Centravis is a leading global supplier of high quality solutions in the segment of seamless stainless steel pipes and tubes. The manufacturing facilities of Centravis incorporate the hot-extrusion and cold-drawing shops, which until 2000 had been facilities of the Nikopol Yuzhnotrubny Plant, formerly largest industrial complex for production of seamless tubes and pipes.
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Vale Indonesia & Shandong Xinhai Ink Pact for Ferronickel Plant

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

Brazilian mining giant Vale’s Indonesian unit Vale Indonesia has signed an investment agreement with China's Baowu’s unit Shandong Xinhai Technology to develop a ferronickel processing plant at Bahodopi in Morowali in Central Sulawesi Island in Indonesia. The plant would cost around USD 2.1 billion and have the capacity to produce ferronickel with 73,000-80,000 tonnes of nickel content a year. New plant construction would finish in 2025 at the latest.

Under the agreement, Vale and Shandong Xinhai would establish a new joint venture with the former controlling 49% & Baowu & Shandong Xinhai's subsidiary Taiyuan Iron & Steel would together control the reminder 51%

Vale and its partners are also developing a plant to produce 120,000 tonnes per year of mixed hydroxide deposits, a material extracted from nickel ore to be used in batteries for electric vehicles in Pomalaa in Sulawesi Island.

Vale Indonesia controls Indonesia's largest nickel mine Sorowako located in South Sulawesi. The mine produced 71,600 tonnes of nickel in 2020. Vale Indonesia said that with new plant, the mine could operate until 2045.
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Maruichi Stainless Tube to Build Plant in Seguin in Texas

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

Maruichi Stainless Tube Texas Corporation will build its 125,000-square-foot manufacturing facility in Seguin in Texas in US. Maruichi Stainless Tube Texas’s future Seguin facility will produce seamless stainless steel precision tube to support customers in the semiconductor industry. The demand for stainless steel precision Bright Annealed tubes used for semiconductor manufacturing is significantly increasing, due to global increase in semiconductor demand. The Seguin facility will help Maruichi further meet demand in the US from multiple construction projects for large-scale semiconductor manufacturing plants.

Maruichi Stainless Tube Texas Shareholders

Maruichi Stainless Tube - 42.5%,

Maruichi Steel Tube - 37.5%

Production Capacity: Approximately 90,000 units per month

Maruichi will build the new facility on a 33-acre site within the Rio Nogales Industrial Park purchased from the Seguin Economic Development Corporation. The SEDC Board of Directors and Seguin City Council approved a Performance Based Cash Grant formalized through a Performance Agreement. Maruichi is required to meet capital investment, job creation, and payroll performance benchmarks over the term of the agreement in order to realize the SEDC incentive.

The company expects to break ground on the project early next year, with operations commencing by the first quarter of 2024. The project will represent a total capital investment of USD 75 million and will result in the creation of at least 106 new jobs over a two year ramp-up period.

Maruichi Stainless Tube Texas is a subsidiary of Japan-based Maruichi Stainless Tube, a group company of Maruichi Steel Tube. The company produces high-quality seamless, stainless steel pipes and tubes fabricated through the hot extrusion process and cold drawing process. These products are used in power plants, the chemical industry, the semiconductor industry, hydrogen gas stations, automotive industry and for structural machinery.
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US DOC Decides AD Duty Margin for Stainless Steel Bars from India

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

The US Department of Commerce has determined that exporters & producers of stainless steel bar from India made sales at prices below normal value during the period of review of 1 February to 31 January 2021. As a result of this administrative review, US DOC determined that the following estimated weighted-average dumping margins exist

Venus Wire & affiliates - 0.00%

Laxcon Steels & affiliates 3.76%

On 4 March 2022, US DOC published in the Federal Register the Preliminary Results of the 2020-2021 administrative review of the antidumping duty order on SS Bar from India. US DOC invited interested parties to comment on the Preliminary Results and on 30 June 2022, Carpenter Technology, Crucible Industries, GO Carlson’s Electralloy, North American Stainless, Universal Stainless & Alloy and Valbruna Slater Stainless. On 6 & 12 July 2022, Venus Wire Industries, Hindustan Inox, Precision Metals and Sieves Manufacturers, collectively Venus, and Laxcon Steels, Ocean Steels, Metlax International, Parvati & Mega Steels, collectively, Laxcon submitted timely filed rebuttal briefs. On 6 June 2022, US DOC extended the preliminary results of this review to no later than 31 August 2022.
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Vertraagd 31 jan 2023 14:33
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