Aperam LU0569974404

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1. voda 18 november 2022 07:22

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   Jindal Stainless Selects Pomini Tenova for Two Roll Grinders
   
   Strategic Research Institute
   Published on :
   18 Nov, 2022, 5:09 am
   
   Producer of roll grinders and fully automated roll shop Pomini Tenova has signed an important contract in India with Jindal Stainless at the end of September 2022. Jindal Stainless selected Pomini’s CNC Heavy Duty Roll Grinding Machines for its Jaipur facility in Odisha, including Tenova’s innovative technologies to monitor and manage the equipment in a more efficient and performing way.
   
   Inspektor with Eddy Current and Ultrasound Systems (EC + US) are proven methods of non-destructive testing for surface and sub-surface roll defects, designed to detect smaller defects with higher repeatability and reliability, reduced scan times and increased safety. Moreover, grinding and measurement data are recorded and processed in real time and are available on demand.
   
   The 4.0 digital package, including Tenova Edge, Tenova adVISOR and Condition Monitoring, allows Tenova experts to collect data and monitor the grinders constantly, to support the client remotely and in a timely manner.
   
   The Electronic Parts Catalogue allows viewing, selecting and purchasing spare parts in a simple and intuitive way, following suggestions and indications provided directly by Tenova engineering department.
2. voda 18 november 2022 07:28

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   Global Steel Climate Council formed for Climate-Focused Standards
   
   Strategic Research Institute
   Published on :
   18 Nov, 2022, 5:11 am
   
   An international group of leading steel manufacturers have announced the formation of a coalition to urge the United States and European Union to adopt a global emission standard that incentivizes steelmakers to use the cleanest steel production process available. The new coalition, the Global Steel Climate Council, supports a global standard that accelerates the transition to low-emission steel and recognizes the potential of the recycled, circular steel model to reduce carbon emissions.
   
   The GSCC includes more than 20 members and supporters who are steel manufacturers, trade associations, end users, scrap metal suppliers and non-governmental organizations. The founding members of the GSCC are: the Steel Manufacturers Association, Nucor Corporation, CELSA Group, Steel Dynamics, Commercial Metals Company and the Institute of Scrap Recycling Industries. The primary focus of the GSCC is to establish a standard, focusing on the following guiding principles
   
   1. Reducing GHG emissions from the global steel industry
   
   2. Establishing a standard that is technology/production method agnostic
   
   3. Establishing a standard that has a system boundary that includes Scope 1, 2 and 3 emissions
   
   4. Establishing a standard that aligns with a science-based glide path to achieve a 1.5 degree scenario by the year 2050
   
   5. Providing relevant information on sustainable steelmaking to appropriate decision makers
   
   GSCC's specific purposes are to focus on reducing greenhouse gas emissions from the global steel industry by supporting reduction methods that are technology agnostic, have a system boundary that includes Scope 1, 2 and 3 emissions and align with a science-based glide path to achieve a 1.5 degree Celsius scenario by 2050.
   
   The United States and European Union are negotiating a new emissions standard for steel production. The GSCC asserts that any agreement should focus on the amount of emissions generated, not on how steel is made. The majority of the world's steel production is extremely carbon-intensive because it primarily relies on mined and processed coal, iron ore and limestone. However, other steelmakers, including those producing over 70% of all US and over 40% of all European manufactured steel today, use electric arc furnaces that principally input recycled scrap metal to produce steel, generating significantly lower carbon emissions.
3. voda 30 november 2022 06:47

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   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.
4. voda 1 december 2022 06:57

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   New Cranes Improve Reliability for Valbruna Slater Stainless
   
   Strategic Research Institute
   Published on :
   1 Dec, 2022, 6:02 am
   
   RM Hoist reported that US’s special steelmaker Valbruna Slater Stainless is constantly updating its production capabilities and has upgrading its overhead cranes, which are used to move ?nished goods and raw materials for stainless steel processing. Valbruna Slater Stainless wanted to replace two older DC-powered cranes with more powerful AC cranes, but still retain the existing bridge structure. The older cranes had become unreliable, and the hoists were heavy compared to more modern solutions.
   
   Valbruna Slater Stainless turned to Hoosier Crane Service for expert assistance. The older DC cranes were each equipped with 20 ton and 7 ton dual hoists on one trolley. Hoosier Crane’s original plan was to keep a center line bridge drive motor on both but replace the DC motors with larger AC motors. However, Hoosier Crane decided that the more viable solution was side mounted SEW Euro Drive gearboxes with motors.
   
   Hoosier Crane removed the two existing hoists and replaced them with new R&M 10 ton hoists. Hoosier Crane installed the new hoists on a new ASCE rail. These new hoists were one third of the weight of the old. Using the R&M 10t hoists, Hoosier Crane was able to deploy a more reliable, lightweight and modern system without replacing the bridges.
   
   Hoosier Crane Service, founded by Tom and Cherie Schmidt, is a family-owned business headquartered in Elkhart in Indiana. Hoosier Crane has grown throughout the last 20 years from 4 employees to approximately 100 employees and is presently providing overhead crane material handling solutions throughout the USA.
   
   Based in Fort Wayne Indiana in US, Valbruna Slater Stainless is part of the Valbruna Group. Founded in 1925, Valbruna has 2,500 employees and an annual output of approximately 250,000 tonnes of specialty steels. Production is primarily focused on stainless steels and specialty alloys, such as nickel alloys and titanium long products.
5. voda 1 december 2022 06:59

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   AISI Applauds WTO Ruling in Indonesian Ban on Nickel Export
   
   Strategic Research Institute
   Published on :
   1 Dec, 2022, 6:04 am
   
   American Iron & Steel Institute President & CEO Mr Kevin Dempsey, in response to a ruling announced by the World Trade Organization regarding a dispute brought by the EU challenging Indonesia’s ban on the export of nickel ore and its requirement that all nickel ore be processed domestically, said “AISI applauds the ruling by a WTO dispute resolution panel against the government of Indonesia’s ban on the export of nickel ore. This export restriction, together with a requirement that nickel ore be processed domestically in Indonesia, has distorted global markets for nickel ore, a key input in stainless steel production, to the detriment of steel producers in the United States and around the world. We call on Indonesia to end these trade-distorting policies immediately.”
   
   He said ““AISI appreciates the active engagement by the US government as a third party in this WTO dispute to challenge the Indonesian export ban, and we look forward to continuing to work closely with USTR to address the many other trade-distorting policies by governments around the world that are fueling the ongoing global overcapacity crisis in steel.”
6. voda 2 december 2022 06:44

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   Jindal Stainless' Lays Foundation Stone for Stainless Steel Park
   
   Strategic Research Institute
   Published on :
   2 Dec, 2022, 6:17 am
   
   Jindal Stainless MD Mr Abhyuday Jindal, on the sidelines of the Make in Odisha Conclave 2022, laid the foundation stone of Stainless Steel Industrial Park through a virtual ceremony held in Bhubaneswar. Conceived with the vision to strengthen upstream and downstream industry linkages and empower indigenous manufacturing, the first-ever Stainless Steel Industrial Park in India is expected to boost the metal's production and demand in east India, and support the government's objective to catapult the iron and steel industry in the state to greater heights.
   
   To be built as a natural extension of Jindal Stainless' Jajpur manufacturing facility, the Park is strategically connected with prominent highways for timely supply of raw materials and dispatch of finished goods. Planned in two phases over 6 years, the Industrial Park has an investment potential of more than INR 1500 crore. The Park is expected to create a robust ecosystem for the stainless steel industry, and promote over 100 downstream and ancillary manufacturers.
   
   The strategically located downstream park will have advanced logistics services like wider loop roads and ample parking space. Moreover, it will be backed by utility services like renewal power, water, and skilled manpower. These parameters make the Stainless Park an attractive destination for entrepreneurs to set up their plants. It will give a push to the augmented demand for the creation of smart cities. Using its five decades of operational experience, Jindal Stainless will impart specialized technical and skill training to the working demographic through a dedicated Training Center. The company also has a co-branding scheme which would be extended to the target products & applications range.
   
   Already in its expansion phase, the Company's Jajpur facility will nearly double its melt capacity from 1.1 million tonnes to 2.million tonne by the end of FY23.
7. voda 5 december 2022 07:12

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   Thailand Imposes AD Duty on Cold Rolled Stainless Steel
   
   Strategic Research Institute
   Published on :
   5 Dec, 2022, 5:44 am
   
   Thailand's Committee of Dumping and Subsidy has imposed antidumping duty on cold rolled stainless steel imported from Malaysia and Indonesia. The final antidumping duties are
   
   15.23% - Malaysian Bahru Stainless
   
   35.25% - Other Malaysian companies
   
   6.28% - Indonesian Imr Arc Steel
   
   7.02% - Indonesian Ruipu Nickel & Chrome Alloy
   
   51.69% - Other Indonesian companies
   
   The given products have thickness in a range of 0.3-3 mm and width up to 1,320 mm.
   
   The products in question are classified under the HS codes 7219.32.00.020, 7219.32.00.030, 7219.32.00.040, 7219.32.00.080, 7219.32.00.090, 7219.33.00.020, 7219.33.00.030, 7219.33.00.040, 7219.33.00.080, 7219.33.00.090, 7219.34.00.020, 7219.34.00.030, 7219.34.00.040, 7219.34.00.080, 7219.34.00.090, 7219.35.00.020, 7219.35.00.030, 7219.35.00.040, 7219.35.00.080, 7219.35.00.090, 7219.90.00.000, 7220.20.10.020, 7220.20.10.030, 7220.20.10.040, 7220.20.10.080, 7220.20.10.090, 7220.20.90.020, 7220.20.90.030, 7220.20.90.040, 7220.20.90.080, 7220.20.90.090, 7220.90.10.000, and 7220.90.90.000
8. voda 5 december 2022 07:13

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   DGTR Extends Response Time in Chinese Stainless Steel Import Case
   
   Strategic Research Institute
   Published on :
   5 Dec, 2022, 5:47 am
   
   India’s Directorate General of Trade Remedies has provided additional time to file Questionnaire responses & comments in sunset review anti-subsidy investigation concerning Certain Hot Rolled and Cold Rolled Flat products of Stainless Steel from China. DGTR said “The Hon'ble High Court of Gujarat, in the matter of Registries Ltd vs Union of India, vide its order dated 02.09.2022 has quashed the customs notification dated 01.02.2022, and has directed the EXSTR to proceed with the sunset review and complete the said investigation. In view of the above development, the Authority has decided to grant fresh opportunity to all the interested parties to file the questionnaire response & comments by 22nd December 2022.”
   
   DGTR added “It is strictly advised that all the interested producers / exporters / importers / users may file their response within the stipulated time as extended above. Since, the investigation is time bound and second chance is being provided for cooperation/ participation, therefore, no further request for extension of time would be considered by the Authority.”
   
   DGTR initiated Sunset Review anti-subsidy investigation concerning Certain Hot Rolled and Cold Rolled Flat products of Stainless Steel from China. During the pendency of the said sunset review, Customs Notification No 1/2022 issued by the Ministry of Finance on 1st February 2022, rescinded the countervailing duty on the subject product.
9. voda 6 december 2022 07:45

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   Jindal Stainless Inks Pact with ReNew Power for Renewable Energy
   
   Strategic Research Institute
   Published on :
   6 Dec, 2022, 5:38 am
   
   India's leading stainless-steel manufacturer Jindal Stainless has signed a contract with the country's largest renewable energy company ReNew Power to develop a utility scale captive renewable energy project for the supply of power to its facility in Jajpur in Odisha. The Project will generate 700 million units per year through a mix of solar and wind technologies.
   
   This innovative Wind-Solar hybrid solution, with a high-Capacity Utilization Factor, is expected to generate a significantly higher amount of energy per unit of the contracted capacity.
   
   The Wind-Solar hybrid Project to power Jindal Stainless' increase in combined production capacity from 1.9 million tonne per annum to 2.9 million tonne per annum; Jindal Stainless to reach net zero emissions by 2050
   
   With this, ReNew Power also brings its Round the Clock solution to the B2B space, which it pioneered for Utilities earlier last year. Moreover, a partnership with the largest renewable player also brings in the requisite execution certainty for Jindal Stainless, which is of paramount importance for a project of this scale.
10. voda 6 december 2022 07:47

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    EUROFER Lauds WTO Ruling over Indonesian Export Ban Of Nickel Ore
    
    Strategic Research Institute
    Published on :
    6 Dec, 2022, 5:39 am
    
    The European Steel Association EUROFER has welcomed the WTO Panel report ruling against Indonesia’s ban on the export of nickel ore. These measures have been artificially distorting the global market for nickel ore and fuelling the new export-oriented stainless steel production in Indonesia, whilst harming the EU stainless sector. EUROFER Director General Mr Axel Eggert said “The WTO dispute resolution panel confirms what EUROFER has been saying for the past four years: the Indonesian measures on nickel constitute a violation of its obligations under WTO rules. Our stainless industry has been suffering from massive Indonesian exports into the EU at very low prices, while the stainless steel products made in the EU have a carbon footprint five to six times lower. This is a nonsense that should not be tolerated by the EU any longer against the background of the EU 2030 climate targets.”
    
    The EU requested consultations at the WTO in November 2019, and the establishment of a Panel in January 2021. The WTO panel report was made public on 30 November 2022.
    
    Nickel is a key component in the production of stainless steels. Around 55% of all stainless steels contain nickel, as it improves corrosion resistance and properties.
    
    The Indonesian stainless steel industry was developed and built upon locally-available nickel ores from the outset, taking advantage of the local export ban that unduly grants an unfair competitive advantage to the Indonesian producers, whose business model is based on exports.
11. voda 9 december 2022 07:11

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    Jindal Stainless to Complete Jajpur & Hisar Expansion in FY 24
    
    Strategic Research Institute
    Published on :
    9 Dec, 2022, 5:52 am
    
    India’s stainless steel leader Jindal Stainless is aiming to double melting capacity to 2.1 million tonnes per annum, HRAP& CRAP, ferrochrome, Precision strip & blade steel at total CAPEX outlay of INR 2,600 crore by expanding Jajpur and Hisar plant. The expansion plans include following investments
    
    1. SMS – 1.00 million tonnes by investing INR 530 crores by Q3 of FY23
    
    2. HRAP - 0.45 million tonnes by investing INR 1250 crores byQ4 of FY23
    
    3. CRAP- 0.30 million tonnes by Q4 of FY23
    
    4. Ferrochrome - 0.10 million tonnes by investing INR 315 crores by Q3 of FY24
    
    5. Precision Strip - 38,000 by investing INR 250 crores by Q4 of FY23
    
    6. Blade Steel - 10,000 by investing INR 200 crores by Q2 of FY24
    
    In addition to volume augmentation, JSL expect increased global market share of precision strip from 3% to over 8% and remain world’s top producer of blade steel.
12. voda 14 december 2022 09:43

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    Indonesia Appeals over WTO Ruling in Nickel Dispute against EU
    
    Strategic Research Institute
    Published on :
    14 Dec, 2022, 5:52 am
    
    Indonesian Government has filed appeal against a World Trade Organization’s Dispute Panel’s ruling in favor of the European Union in a dispute over Indonesia’s ban on nickel ore exports, the WTO said.
    
    The European Union had launched its challenge at the WTO in November 2019, arguing that Indonesian export restrictions on raw materials were unfairly harming its stainless steel industry. Indonesia banned nickel ore exports from the start of 2020.
    
    The WTO panel ruled in favor of the EU last month, saying that neither the prohibition of nickel exports nor a domestic processing requirement requiring all nickel ore to be refined in Indonesia were in line with global trade rules.
13. voda 23 december 2022 10:02

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    Global Stainless Steel Melt Shop Production Dips by 5% YoY in 9M
    
    Strategic Research Institute
    Published on :
    22 Dec, 2022, 4:41 am
    
    The World Stainless Association’s latest data shows that stainless steel melt shop production decreased by 5.1% YoY to 41.9 million tonnes in January-September 2022
    
    China 23.635 million tonnes, down 5.2% YoY
    
    Others - 6.074 million tonnes, down 1.0% YoY
    
    Asia w/o China and Korea - 5.746 million tonnes, down 0.4% YoY
    
    Europe -4.809 million tonnes, down 11.2% YoY
    
    USA - 1.589 million tonnes, down 13.2% YoY
    
    Others: Brazil, Russia, S. Africa, S. Korea, Indonesia
    
    Source: worldstainless

    Bijlage:
14. voda 27 december 2022 07:13

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    NCLT Clears Merger of Jindal Stainless (Hisar) with JSL
    
    Strategic Research Institute
    Published on :
    26 Dec, 2022, 5:06 am
    
    The ongoing merger process of Jindal Stainless Limited and Jindal Stainless (Hisar) Limited has achieved another milestone. Jindal Stainless has informed tat National Company Law Tribunal’s Chandigarh Bench, while hearing the Composite Scheme of Arrangement, inter-alia, providing for merger of Jindal Stainless (Hisar) Limited with Jindal Stainless Limited, confirmed that there were no objections to the Scheme, pending from any person, including the sectoral regulators.
    
    Jindal Stainless is awaiting the order of NCLT disposing off the petition.
    
    The merger of JSHL in JSL will create a mega stainless steel conglomerate, which will propel Jindal Stainless among the top 10 global stainless steel producers even on its current capacity level. The merged entity will have diversified end-to-end product portfolio of over 120+ stainless steel grades with a 360-degree reach to customers from all segments. While JSL has largely been focused on high volume stainless steel offerings and has been actively catering to sectors like railway, architecture, automobiles and infrastructure, JSHL is focused on high-margin specialized product division and has been actively catering to value-added segments viz precision strips, razor blade and coin blanks and other niche offerings. JSL’s port and raw material proximity coupled with JSHL’s strategically located facility in key domestic consumption centres will harness better operational synergies. Besides, a single entity will have a simplified capital structure, stronger balance sheet and leverage ratios, will improve financial flexibility, and unlock value for all the stakeholders.
15. voda 20 januari 2023 06:49

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    Huadi to Supply Stainless Steel Seamless Pipes to CNPC’s Huanqiu
    
    Strategic Research Institute
    Published on :
    20 Jan, 2023, 5:49 am
    
    China’s leading developer and manufacturer of industrial stainless steel seamless pipes and tubes products Huadi International Group has entered into strategic partnership agreement with world’s third largest oil and gas company China National Petroleum Corporation’s construction contractor China Huanqiu Contracting & Engineering. Huadi has been awarded and nominated as Huanqiu’s first-tier supplier of stainless steel seamless pipes and tubes.
    
    Pursuant to the Agreement, HUDI will supply stainless steel seamless pipes and tubes to Huanqiu and its affiliated subsidiaries as part of Huanqiu’s procurement process for contracted construction projects.
    
    Huadi International Group is a leading manufacturer of industrial stainless steel seamless pipes and tubes products with extensive distribution facilities and network for over twenty provinces in China and across international steel pipes industry. It offers a broad range of products exported to twenty countries and regions such as United States, Mexico, Thailand, Australia, Argentina, Taiwan, India, the Philippines, UAE and Canada. Its products are widely used in the oil & gas transmission, chemistry engineering, food processing, medical devices, aeronautics and astronautics, boiler, irrigation works construction, electricity, automobile, naval architecture, paper mill and mechanical industries.
16. voda 24 januari 2023 07:32

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    Jindal Stainless Reports Strong Results for Oct-Dec’22 Quarter
    
    Strategic Research Institute
    Published on :
    24 Jan, 2023, 5:42 am
    
    Jindal Stainless & Jindal Stainless (Hisar) have announced financial results for October-December quarter of 2022-23.
    
    ----------------------------------------------------
    
    Standalone proforma merged (JSL + JSHL)
    
    Revenue at INR 9,073 crore, up by 5% QoQ
    
    EBITDA at INR 951 crore, up by 37% QoQ
    
    PAT at INR 568 crore, up by 58% QoQ
    
    -------------------------------------
    
    Standalone performance - JSL
    
    Revenue at INR 6,221 crore
    
    EBITDA at INR 622 crore
    
    PAT at INR 351 crore
    
    Sales volume at 330,427 tonnes
    
    ---------------------------------------
    
    Standalone performance - JSHL
    
    Revenue at INR 3,765 crore
    
    EBITDA at INR 339 crore
    
    PAT at INR 224 crore
    
    Sales volume at 174,188 tonnes
    
    Jindal Stainless said “The domestic stainless steel industry struggled with continual dumping of substandard imports from China and Indonesia, witnessing a steep increase of 230% and 300% respectively, from FY21 to FY23 (Apr-Oct Annualised). The distortion in level playing field between Indian manufacturers and subsidised foreign imports, therefore, continued throughout the quarter.”
17. voda 24 januari 2023 07:34

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    Jindal Stainless Supplies Stainless Steel for Mumbai Metro Project
    
    Strategic Research Institute
    Published on :
    24 Jan, 2023, 5:43 am
    
    Jindal Stainless has supplied stainless steel for the outer panels, car body, structurals, roofs, interiors, underframes, and other stainless steel applications for Phase 2 of the Mumbai Metro Line 2A and 7, launched on 20 January 2023.
    
    For this Mumbai Metro project, Jindal Stainless started supplying high-quality stainless steel grade 301LN in various tempers and in 2J finish. The supply, which started in January 2021, is expected to continue till December 2025. Jindal Stainless is supplying material from its different manufacturing units across the country for the project. The trainsets are being developed by Bharat Earth Movers Limited in batches and out of the total 576 coaches required for this project, 144 coaches have been supplied so far. Approximately 5,760 metric tonnes of stainless steel would be consumed to develop 18.6 km 2A Metro line and 16.5 km 7 Metro line respectively.
    
    In the past, Jindal Stainless has supplied to metro projects in Sydney and Queensland, apart from Delhi, Kolkata, Bangalore, Chennai, and other metro projects.
18. voda 30 januari 2023 07:32

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    3DEO Launches 316 Stainless Steel for High Volume Metal AM
    
    Strategic Research Institute
    Published on :
    30 Jan, 2023, 2:15 am
    
    Los Angeles based leading high volume 3D printing specialist 3DEO has announced the launch of 316L austenitic stainless steel. A fully austenitic, non-magnetic stainless steel, 316L (equivalent to UNS S31603) maintains excellent performance at room and moderately elevated temperatures, as well as excellent ductility and mechanical performance. This weldable material is extremely corrosion resistant, which makes it ideal for applications that will experience harsh environments.
    
    316L is commonly used in applications such as laboratory equipment, impellers and pumps, engine parts, food processing equipment, jewelry, kitchen appliances, surgical instruments, marine, chemical and petrochemical processing, and more.
    
    3DEO helps customers with their complex metal components at every stage of the product life cycle, from early ideation and prototyping to manufacturing at scale. And because prototypes are manufactured using the same machines and technologies as longer production runs, with 3DEO, customers can seamlessly progress from prototype to production without the need to undergo lengthy or costly design changes or requalifications to launch products.
    
    Based in Torrance in California, 3DEO is one of the world’s highest volume manufacturers of 3D printed precision metal components made with its patented metal 3D printing technology, Intelligent Layering. 3DEO’s partnership-approach to early-stage design coupled with its proprietary technology and expertise in complex geometries and design for additive manufacturing DfAM make 3DEO stand out from other manufacturers. 3DEO created the Manufacturing Cloud, an end-to-end manufacturing platform built to scale 3DEO’s proprietary metal 3D printers into mass production through software, 3D printing, robotics, automation, augmented reality, and materials innovation.
19. voda 30 januari 2023 07:33

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    • voda

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    Acerinox to Expand North American Stainless Capacity
    
    Strategic Research Institute
    Published on :
    30 Jan, 2023, 2:28 am
    
    Spain headquartered leading stainless steel maker Acerinox announced that its North American Stainless will increase its production capacity by 200,000 tonnes, up by 20%. The new equipment planned with this USD 244 million investment will be aimed at increasing the volume of flat products, with a special focus on upping the production of those with greater value-added, such as Annealing and special composition steels.
    
    North American Stainless will have a new cold rolling mill, upgrade its annealing and pickling lines, and enlarge the melt shop to include a 400 metric tonne crane, among other equipment.
20. voda 1 februari 2023 06:53

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    • voda

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    Indonesia Knocks WTO’s DSB for EU’s Tariffs on Stainless Steel
    
    Strategic Research Institute
    Published on :
    1 Feb, 2023, 5:27 am
    
    Reuters reported that Indonesian Trade Ministry’s senior official Mr Djatmiko Bris Witjaksono, explaining the country’s decision to complain to the World Trade Organisation, has said that the European Union’s anti-dumping tariffs on Indonesian stainless steel had cut exports severely, He told Reuters “The EU policy is not in line with WTO rules. Indonesian exports to the EU was around half a billion dollars annually and these had reduced the competitiveness of Indonesian products”
    
    He told “After the first implementation of the anti-dumping duties, Indonesia’s shipments to the EU dropped to around USD 229 million in 2021. Following the additional anti-subsidy duty, they shrank further to around USD 40 million in January-November of 2022.”
    
    The WTO had announced last week that Indonesia has requested dispute consultations with the EU regarding the anti-dumping duties.
    
    The EU last year imposed an anti-subsidy duty of 21% on imports of stainless steel cold-rolled flat products from Indonesia, which came on top of anti-dumping duties imposed in November 2021, ranging between 10.2% and 20.2%. The EU Commission said the bloc imposed the tariffs to counter unfair state-sponsored subsidies, which it said involved preferred financing from China and Indonesia’s ban of nickel ore exports.
    
    Indonesia had banned exports of unprocessed nickel ore from 2020 to attract investment into developing a downstream industry at home. The WTO last year ruled in favor of the EU in a dispute over the ban. Indonesia is appealing.