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1. voda 23 september 2020 16:53

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   SMS Group Ensures Maximum Availability of CSP Plant at Ezdk
   
   Alexandria Egypt based Al Ezz Dekheila Steel Company has concluded a full-service contact with SMS group for its Compact Strip Production Plant. The service contract covers the X-Pact electrical and automation systems as well as the mechanical equipment, hydraulic systems and process technology. For EZDK, this ensures permanent support and assistance for the complete CSP plant. Within the scope of this full-service contract, enquiries from EZDK are centrally addressed to the service team responsible for X-Pact electrical and automation systems and processed by SMS group experts around the clock. For X-Pact® electrical and automation systems, 90 percent of the support services can be performed via hotline or teleservice. If field service support is required on site, experts from the respective specialist departments will be sent out to the plant.
   
   EZDK thus ensures high plant availability and increased plant productivity avoiding time-consuming troubleshooting.
   
   Source : STRATEGIC RESEARCH INSTITUTE
2. voda 23 september 2020 16:54

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   NLMK Supplies Electrical Steel to Riga Electric Machine Building Works
   
   NLMK has supplied the first shipment of electrical non-grain-oriented steel to Riga Electric Machine Building Works aka AS Rigas elektromasinbuves rupnica, part of Transmash holding. The plant is going to use NLMK steel to manufacture traction electric motors. AS RER make traction motors and electric equipment for electric locomotives, passenger trains, trams and electric lift trucks.
   
   NLMK Vice President Sales Ilya Guschin said “9 out of 10 electric locomotives in Russia are made with NLMK steel, and we are excited to start a new partnership in the field of railway transport. The high quality of our products will help our customers gain additional competitive advantages.”
   
   Source : STRATEGIC RESEARCH INSTITUTE
3. voda 24 september 2020 13:59

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   Beursblik: UBS verhoogt koersdoel ArcelorMittal
   
   FONDS KOERS VERSCHIL VERSCHIL % BEURS
   ArcelorMittal
   10,476 -0,04 -0,38 % Euronext Amsterdam
   
   (ABM FN-Dow Jones) UBS heeft donderdag het koersdoel voor ArcelorMittal verhoogd van 11,00 naar 12,00 euro, met behoud van het koopadvies.
   
   Het beste moment om een staalbedrijf te bezitten is wanneer de EBITDA-marge dichtbij de bodem zit en dat punt in de cyclus komt dichtbij, volgens de analisten.
   
   De zakenbank verwacht dat de EBITDA-marge in de tweede helft van 2020 de bodem bereikt en volgend jaar aanzienlijk zal verbeteren, nu de marges op staalprijzen sinds het derde kwartaal aan het oplopen zijn. Door contractstructuren zit daar een vertraging in.
   
   Het grootste risico is dat de herstellende vraag weer onder druk komt te staan door het coronavirus, dat aan het escaleren is in de EU. De analisten denken echter dat deze golf minder ontwrichtend zal zijn dan in de eerste helft van 2020. Daarbij blijven buiten China staalfabrikanten hun productie beperken.
   
   Het aandeel ArcelorMittal stond donderdag 1,2 procent lager op 10,39 euro.
   
   Door: ABM Financial News.
   info@abmfn.nl
   Redactie: +31(0)20 26 28 999
   
   © Copyright ABM Financial News B.V. All rights reserved.
4. voda 24 september 2020 15:15

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   Mondiale staalproductie licht gestegen
   
   FONDS KOERS VERSCHIL VERSCHIL % BEURS
   ArcelorMittal
   10,34 -0,176 -1,67 % Euronext Amsterdam
   Bekaert
   17,21 -0,27 -1,54 % Euronext Brussel
   
   (ABM FN-Dow Jones) De mondiale staalproductie is in augustus op jaarbasis licht gestegen, na forse dalingen in de voorgaande maanden. Dit maakte de Worldsteel Association donderdag bekend.
   
   In totaal produceerden de 64 aangesloten landen in augustus 156,2 miljoen ton staal, een stijging van 0,6 procent op jaarbasis. In juli was nog sprake van een krimp van 1,2 procent en in juni daalde de productie zelfs met 6,2 procent.
   
   In China, wereldwijd met afstand de grootste fabrikant van staal, steeg de productie in augustus met 8,4 procent tot 94,8 miljoen ton.
   
   In de Verenigde Staten daalde de productie daarentegen met 24,4 procent tot 5,6 miljoen ton en de Japanse productie daalde met 20,6 procent tot 6,4 miljoen ton.
   
   In Duitsland daalde de productie met 13,4 procent, terwijl de productie in Frankrijk en Spanje daalde met respectievelijk 31,2 procent en 32,5 procent.
   
   In Turkije steeg de staalproductie met 22,9 procent op jaarbasis.
   
   Door de problemen rond de coronapandemie zijn de cijfers aan verandering onderhevig, waarschuwde de Worldsteel Association.
   
   Door: ABM Financial News.
   info@abmfn.nl
   Redactie: +31(0)20 26 28 999
   
   © Copyright ABM Financial News B.V. All rights reserved.
5. voda 24 september 2020 16:00

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   China stut wereldwijde staalproductie
   
   Gepubliceerd op 24 september 2020 15:54 | Views: 0
   
   ArcelorMittal 15:40
   10,23 -0,29 (-2,76%)
   
   BRUSSEL (AFN) - De wereldwijde staalproductie lag in augustus 0,6 procent hoger dan in dezelfde maand vorig jaar. Dat blijkt uit cijfers van de internationale brancheorganisatie World Steel Association (worldsteel).
   
   De 64 bij worldsteel aangesloten landen waren samen goed voor een productie van 156,2 miljoen ton staal. Meer dan de helft daarvan kwam uit China (94,8 miljoen ton). Dit land voerde de productie met 8,4 procent op ten opzichte van een jaar eerder. In Japan (min 20,6 procent) en India (min 4,4 procent) werd juist minder staal geproduceerd.
   
   In de Verenigde Staten zakte de productie met bijna een kwart. In Brazilië ging het om een stijging van 6,5 procent. In Europa was het beeld gemengd. In Frankrijk en Spanje werd circa een derde minder geproduceerd. Ook Duitsland zag de productie inzakken. Italië wist juist meer staal te produceren.
6. voda 25 september 2020 05:25

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   FinCEN Files Raise Red Flag over Bhushan Steel Limited – Indian Express
   
   According to records investigated by The Indian Express, multiple transfers from a bank in Latvia and two electronics firms in the UAE and a series of circular transactions with a Dubai company are among the financial transactions linked to Bhushan Steel Ltd red-flagged by foreign banks to the US Financial Crimes Enforcement Network. These transactions, totalling USD 4.39 million, figure in several Suspicious Activity Reports sent between 2012 and 2015 to the US regulatory agency that enforces money laundering laws, the records show. Some of the SARs related to Bhushan Steel focus on nested money transfers involving Meridian Trade Bank, in Latvia on behalf of a London-based entity. Nesting is a route taken to mask the money trail and occurs when a foreign bank uses the correspondent US account of another bank for its customers. For FinCen, nesting is of particular concern when banks conduct transfers on behalf of suspected shell companies.
   
   Records show that Bank of New York Mellon flagged at least three nested transactions worth USD 454,822 from Meridian Trade Bank on behalf of London-based Randview LLP between 2014 and 2015. These wire transfers were received in the accounts of Bhushan Steel at Canara Bank and ICICI Bank, and part of 126 alleged suspicious transactions pertaining to Meridian Trade Bank that were reported by BNYM in 2015.
   
   Another SAR from Standard Chartered Bank New York flagged alleged suspicious transactions worth USD 2,761,523 between UAE-based electronics firm, Great Way General Trading FZE, and Bhushan Steel between July and November 2013. The bank identified 234 transactions worth about $1.15 billion pertaining to Great Way General Trading. It termed the transactions suspicious because the firm was involved in third-party remittances, where funds are transferred with instructions that they be moved further to a third entity, typically an unknown ultimate beneficiary.
   
   Standard Chartered New York also flagged a USD 386,600 transaction from 2012 between Bhushan Steel and Ultra Grace Ltd, another Dubai–based electronic spare parts dealer. The bank found Ultra Grace’s transactions inconsistent and unusual with its main business. The company was also not contactable, said the SAR.
   
   The New York branch also flagged alleged circular transactions from 2012 worth about USD 797,033.55 between Bhushan Steel and Dubai-based Golden Century Limited, a cosmetics and construction goods manufacturer. The bank identified 208 transactions worth USD 1.29 billion received and remitted by Golden Century globally between May and December 2013.
   
   In 2017, two years after the last of these SARs were sent to FinCEN, the RBI initiated bankruptcy proceedings against Bhushan Steel for alleged loan defaults worth INR 56,000 crore, triggering probes by the Serious Fraud Investigation Office and Enforcement Directorate. A year later, the company was acquired by Tata Steel for INR 35,232 crore through the insolvency process.
   
   Source : STRATEGIC RESEARCH INSTITUTE
7. voda 25 september 2020 05:26

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   NLMK Resumes Operations at Stoilensky Iron Ore Plant
   
   On September 22nd, 2020, Stoilensky Mining and Beneficiation Plant, an NLMK Group company, resumed production of iron ore products that was discontinued on September 7th, 2020, following the collapse of an ore transportation conveyor gallery, in hot-testing mode. Restoration took 12 days from the start of the works: two days ahead of the plan. All works were being performed around the clock. 800 Stoilensky and NLMK Group employees and contractors were involved in works on site. Repair costs totalled approximately 250 million rubles.
   
   During the forced shutdown, Stoilensky carried out major repairs at its beneficiation plant and the pelletizer, planned for end of 2020 and for 2021. Optimization of repairs will help reduce concentrate production losses in 2020 and boost production volumes next year.
   
   During the repair period, the iron ore needs of NLMK Lipetsk, the main consumer of Stoilensky products, were covered by the company’s own stock and external supplies. The incident did not impact NLMK Lipetsk steel and rolled product output.
   
   Source : STRATEGIC RESEARCH INSTITUTE
8. voda 25 september 2020 05:27

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   JFE Upgrades Large-Diameter Pipe Mill with Welding Technology from SMS Group
   
   JFE Steel Corporation has produced the first pipe at its Fukuyama works in Japan after the successful revamp of its submerged arc welding stands by SMS group. The revamp included five-wire submerged arc welding heads, digital inverter welding current sources, PERFECT arc, and a measured data recording, monitoring and evaluating system. The revamp of the welding technology was aimed at enabling the development of new welding parameters that would make it possible to vary the welding speed and the energy input into the weld seam. These capabilities are particularly important when welding high-strength steels and steel for in-service temperatures well below freezing point (-10°C to -20°C).
   
   To ensure that the revamp fully meets JFE's requirements, prior welding tests were carried out. Jointly with the welding specialists from JFE, SMS group welded longitudinal-seam pipes from material provided by JFE for this purpose on a five-wire submerged arc welding stand at the Technical University of Berlin in Germany. The results of these welding tests showed that the SMS group technology is able to ensure compliance with JFE's exacting demands.
   
   Given the fact that JFE had previously used only four wires in submerged arc welding, the available space for the new five-wire welding heads was another challenging task of the project. SMS group solved this challenge by developing a more compact design for the new five-wire welding heads, without any compromise in terms of stability and ease of welding head adjustment and maintenance.
   
   In addition, SMS group established an interface with JFE's manufacturing execution and plant monitoring system. These systems exchange production and process parameters during welding to optimize production evaluation, production planning and quality assurance. A special focus of the data transfer solution was to incorporate the data collected in the past into the new systems.
   
   With this upgrade, JFE is consolidating its position as a technology leader in the global market for large-diameter longitudinally welded pipes. Thanks to the higher welding speed and reduced error rate, the new technology not only boosts productivity but also ensures that, while maintaining the same speed, less heat, in other words, energy is input into the material.
   
   JFE's large-diameter pipe mill, located in western Japan, has been in operation since the beginning of the 1970s. As JFE has developed its own proprietary submerged arc welding stands at that mill, the company can today build on welding parameter data and know-how from more than 50 years of operation. Consequently, the current revamp project focused primarily on enhancing the repeatability and furthering the development of the welding parameters.
   
   Source : STRATEGIC RESEARCH INSTITUTE
9. voda 25 september 2020 05:28

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   Outokumpu Celebrates 90 Years of Duplex Stainless Steel
   
   Outokumpu is celebrating 90 years since duplex stainless steel made its debut on the world market. The global leader in stainless steel is using the opportunity to highlight the growing role of duplex grades in supporting sustainability. This is made possible by their superior corrosion resistance and high strength. Thanks to this combination of properties, engineers can create lightweight components and structures that provide a long life and require minimum maintenance – delivering excellent value for money and minimizing use of raw materials. As the inventor of duplex stainless steel, Outokumpu is committed to carry this legacy forward.
   
   The first duplex grades were introduced by Outokumpu’s Avesta steelworks in September 1930 as a breakthrough that combined the two most common types of stainless steel, austenitic and ferritic. This enabled metallurgists to create a new material that offered the best properties of both. Since then, a whole family of duplex grades has been developed for specific industrial applications. For example, we have launched a new formable duplex grade to increase strength and efficiency of complex mechanical components such as heat exchanger plates.
   
   Duplex grades have been used widely over the last nine decades in chemical processing, oil and gas, pulp and paper, and food and beverage industries. Additionally, today’s requirements for sustainable solutions make duplex stainless steel a long-lasting alternative to traditional painted or coated carbon steel for bridges and infrastructure.
   
   Source : STRATEGIC RESEARCH INSTITUTE

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10. voda 25 september 2020 05:29

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    Severstal Supplying 60KT Large Diameter Pipes to Gazprom
    
    Severstal has started shipping large diameter pipes under the Kharasaveyskoye gas condensate field development project to its key client, Gazprom. Based on the results of the tender won in 2018, Severstal will supply about 60 thousand tons of pipes with a diameter of 1,420 mm made of steel of strength class K65.
    
    Large-diameter pipes are produced at the Izhora Pipe Plant. Until the end of September, 35 thousand tons of products will be shipped to the client.
    
    Full-scale development of the Kharasaveyskoye field began in March 2019. The project provides for the construction of a complex gas treatment unit, a booster compressor station, clusters of production gas wells, transport and energy infrastructure. At the same time, wells for the development of the offshore part of the field will be drilled from the shore. To transport the gas produced at the Kharasaveyskoye field, a gas pipeline-connection with a length of about 100 km will be built to the Bovanenkovskoye field. Then the gas will be supplied to the Unified Gas Supply System of Russia.
    
    Source : STRATEGIC RESEARCH INSTITUTE
11. voda 25 september 2020 05:30

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    COVID19 Outbreak Confirmed at Pueblo Steel Mill of Evraz NA
    
    Local media reported that the Pueblo County Department of Health and Environment confirmed that there is an active COVID-19 outbreak at the EVRAZ/Rocky Mountain Steel Mill. EVRAZ reported the outbreak to health officials on September 18. According to EVRAZ North America, three employees who work in the rail mill contracted the virus and are no longer working while they recover. Through contact tracing, EVRAZ has identified other employees who may have been in contact with the three confirmed cases. However, none are showing symptoms of the virus. EVRAZ has taken steps to mitigate the spread of the virus including disinfecting a portion of the facility that may have been in contact with the three confirmed cases. The rail mill, where the three employees worked, is currently shut down for two weeks. However, EVRAZ says the facility has not been shut down because of the outbreak, but for an annual maintenance check-up.
    
    An outbreak in a facility is defined as two or more cases of COVID-19 during a 14 day period.
    
    Source : STRATEGIC RESEARCH INSTITUTE
12. voda 25 september 2020 05:31

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    TNG Limited & SMS Group to Produce Turquoise Hydrogen for Pre Reduction of Titanomagnetite Ores
    
    Perth based Australian mining corporation TNG Limited and SMS group plan to implement a process enabling the production of CO2 neutral hydrogen as they are developing the Mt Peake Titanium Vanadium Iron Project in the Northern Territory in Australia. The thus produced turquoise hydrogen will be used as reducing agent to make the production from fine-grained titanomagnetite concentrate carbon-neutral. TNG Limited and SMS group have now agreed to jointly invest in the development of a complementary hydrogen production technology. On account of the limited availability of green electricity, both companies bank on the production of hydrogen by breaking methane, natural gas or biomethane, down into hydrogen and solid carbon. This process requires just about one third of the electricity consumed by other green hydrogen production routes.
    
    The electricity consumption of the new process envisaged by TNG and SMS group is rated at 15 to 18 kWh per kilogram of hydrogen produced. TNG and SMS group plan to construct and bring on stream a Europe-based pilot plant with a hydrogen production capacity of 14 kilograms per hour in the next few years. This will correspond to about 100 tons of carbon-neutral hydrogen per year, a capacity set to enable the scale-up of the technology to an industrial level.
    
    The process has the potential to become the method of choice for the production of hydrogen and syngas from a wide range of hydrocarbons, including fossil, biogenic and waste materials. For TNG and SMS group, this opens up, outside their respective core businesses, new business opportunities in the fast-growing hydrogen and e-fuel sector. The process produces carbon black as a by-product. The current market price of a ton of carbon black is about 1,000 US dollar.
    
    TNG Limited and SMS group have already been working closely with leading institutes and partners from industry with the aim to jointly develop an efficient direct pre-reduction process, on fluidized bed basis, for TNG’s fine-grained titanomagnetite concentrate, and have meanwhile successfully demonstrated the feasibility of the process at lab scale.
    
    Source : STRATEGIC RESEARCH INSTITUTE
13. voda 25 september 2020 05:34

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    COVID19 Closes Clive Steel Plant in Georgia
    
    Cives Steel, which has made steel structures in Thomasville in Georgia for 39 years, last week shut down and 100 employees lost their jobs. Company President Greg Orff told the Thomasville Times-Enterprise that said the COVID-19 pandemic created an unanticipated and unsustainable situation in what was already a difficult geographic market and that only 18 workers remain onboard to close up shop. He said "It was with great regret that we announced the suspension of all operations at the Cives Steel Southern Division in Thomasville. Despite exceptional efforts by our personnel, the impact of the COVID-19 pandemic on our operation in Thomasville created an unanticipated and unsustainable situation in what was already a difficult geographic market. These conditions forced us to make the very difficult decision of closing our facility. We will be working with our impacted personnel to ease the burden of this event as we immediately proceed with an orderly shutdown of operations."
    
    The company is one of the largest structural steel and plate fabricators in North America. It has had a role in many projects across the United States, including GM's new electric hummer facility and Salesforce Tower in Chicago. Cives Steel still has seven locations spread throughout the United States.
    
    Source : STRATEGIC RESEARCH INSTITUTE
14. voda 25 september 2020 05:35

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    Rio Tinto Starts Blending Iron Ore at Dalian Port
    
    Rio Tinto has signed a Memorandum of Understanding with Dalian Port Co Ltd to jointly develop its first bonded area operations to blend iron ore in China's port of Dalian, to help better serve steel mills in North China & widen offerings for customers across Asia. The first batch of iron ore fines were blended from high-grade IOC concentrate from Canada and Rio Tinto’s SP10 from Western Australia
    
    Many of China’s steel producing capacities lie in the northern area, with top producer Hebei province along with Liaoning province together accounting for more than 30% of the national crude steel output.
    
    Dalian port has blended over 46 million tonnes of iron ore within its bonded area since 2016 when it first started the operation, the most among Chinese ports.
    
    Source : STRATEGIC RESEARCH INSTITUTE

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15. voda 25 september 2020 05:36

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    US Steel Production Capacity Utilization Slips Below 65% in Week 39
    
    American Iron & Steel Association announced that in the week ending on September 19, 2020, domestic raw steel production was 1,446,000 net tons while the capability utilization rate was 64.5 percent. Production was 1,801,000 net tons in the week ending September 19, 2019 while the capability utilization then was 77.4 percent. The current week production represents a 19.7 percent decrease from the same period in the previous year. Production for the week ending September 19, 2020 is down 0.9 percent from the previous week ending September 12, 2020 when production was 1,459,000 net tons and the rate of capability utilization was 65.1 percent.
    
    Adjusted year-to-date production through September 19, 2020 was 56,174,000 net tons, at a capability utilization rate of 65.8 percent. That is down 20.1 percent from the 70,332,000 net tons during the same period last year, when the capability utilization rate was 80.3 percent.
    
    Broken down by districts, here's production for the week ending September 19, 2020 in thousands of net tons: North East: 135; Great Lakes: 527; Midwest: 169; Southern: 553 and Western: 62 for a total of 1446.
    
    Source : STRATEGIC RESEARCH INSTITUTE
16. voda 25 september 2020 16:06

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    Vietnamese Steel Exports to China Surge 19 Times in 8 Months of 2020
    
    VN Express reported that according to Vietnam Customs, Vietnam’s steel exports to China surged 19 times to 2.07 million tonnes between January and August on the strength of rising demand in a recovering economy. This was nearly 35 percent of Vietnam’s total steel exports in the period, and its value rose 15 times to USD 844.5 million,.
    
    Vietnam’s steel exports in the first eight months to all markets rose nearly 37 percent year-on-year to 5.96 million tonnes, with increases of 195 percent to Brazil and 143 percent to Germany.
    
    Source : STRATEGIC RESEARCH INSTITUTE
17. voda 25 september 2020 16:07

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    Delhi High Court Seeks Response on Plea by BPSL Former Chairman
    
    Freepress Journal reported that the Delhi High Court has sought a response from the Centre and others on a petition filed by ex-Chairman of Bhushan Power and Steel Ltd Mr Sanjay Singal challenging the provisions of personal insolvency proceedings against personal guarantors under the Insolvency & Bankruptcy Code, 2016. A division bench of the high court presided by Chief Justice D.N. Patel and Justice Prateek Jalan issued notice to the government, Insolvency and Bankruptcy Board of India and the State Bank of India on Singal's plea which has sought the striking down of Sections 95, 96, 97, 99, 100 and 101 of the IBC, insofar as they apply to personal guarantors of corporate debtors, and the consequent rules.
    
    The bench, however, refused to pass any order of stay in respect to the SBI's notice to Singal under the impugned provisions.
    
    After hearing the parties, the court listed the matter for further hearing on October 6.
    
    Notwithstanding the pendency of the corporate insolvency resolution process of Bhushan Power and Steel, the SBI had initiated recovery proceedings before the Debt Recovery Tribunal against Singal in relation to several guarantees.
    
    Source : STRATEGIC RESEARCH INSTITUTE
18. voda 25 september 2020 16:09

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    Japan Warns South Korea Over Seizure of Nippon Steel Assets
    
    UPI reported that Japan's newly appointed chief cabinet secretary Mr Katsunobu Kato warned against the liquidation of assets belonging to Japan's Nippon Steel and Sumitomo Metal Corp in South Korea, where a court last year approved the seizure of the firm's assets for wartime forced labor compensation. He said that the seizure of Japanese assets could lead to a grave situation. He said "The Japanese side has pointed this out forcefully and repeatedly. We want to continue to strongly demand the Korean side propose a solution at an early time."
    
    In October 2018, South Korea's Supreme Court ordered Nippon Steel pay about USD 85,000 each to plaintiffs in a forced wartime labor case. The Japanese company appealed the decision in August.
    
    Source : STRATEGIC RESEARCH INSTITUTE
19. voda 25 september 2020 16:11

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    Vallourec, FORSSEA Robotics & iXblue to Inspection Subsea Pipelines using Drones
    
    Leader in premium tubular solutions Vallourec is working with FORSSEA Robotics and iXblue, a company recognized for its expertise in inertial navigation, subsea positioning and autonomous technologies to develop a pipeline inspection solution combining subsea drones and the use of visual markers, removing the need for surface vessels. In order to reduce pipeline inspection operational costs, Vallourec, iXblue and FORSSEA decided to develop a solution using visual markers directly integrated on subsea pipelines that enables vessel-free subsea navigation.
    
    The project relies on barcodes placed on installed pipes, resulting in many passive positioning references logged with their own coordinates during the laying operation which will remain accessible throughout the life of the field. These markers would be used as navigation aids for subsea drones equipped with FORSEEA cameras and iXblue’s inertial navigation system that easily relay the pipelines’ locations to the operators thus removing the need for acoustic positioning systems and costly mother vessels. To remain visible to divers and subsea drones throughout the project’s lifespan, these markers are long-term resistant to marine growth and erosion.
    
    Traditionally, the inspection of subsea pipelines and structures requires the use of a surface vessel (manned or unmanned) with acoustic positioning used to monitor the deployment of Autonomous Underwater Vehicles (AUVs) or Remotely Operated Vehicles (ROVs). These subsea vehicles then collect the required information - such as a pipeline’s general aspect and route, anode consumption, free span, burial and crossing areas - using observation sensors.
    
    Source : STRATEGIC RESEARCH INSTITUTE
20. voda 25 september 2020 16:11

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 19 apr 2024

    • Aanbevelingen

      Ontvangen: 81733

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    •    Aantal posts: 364.021

    Tata Steel Joins ResponsibleSteel
    
    Tata Steel is now part of ResponsibleSteelTM, the industry’s first global multi-stakeholder standard and certification initiative that helps its members achieve their sustainability goals by providing an independent certification standard and programme via a process that aims to align with the ISEAL Codes of Good Practice. The ISEAL’s Codes of Good Practice offers a globally recognised framework used by credible sustainability standards that all ISEAL members are required to comply with.
    
    There has been a growing interest over the past decade amongst customers of steel producers, governments, NGOs and the investment community in the corporate responsibility and sustainability credentials of steel companies. This interest has increasingly manifested itself in a desire amongst those stakeholder groups to be able to distinguish between those steel companies that are ‘sustainable’ and ‘responsible’ from those that are not verifiably so.
    
    ResponsibleSteelTM helps its members improve sustainability within the steel supply chain, through a global standard and certification programme for the entire sector that ensures businesses and consumers can be confident that the steel they use has been sourced and produced responsibly at every stage.
    
    The membership of ResponsibleSteel will provide an ideal platform to build on these credentials of Tata Steel and enable a responsible ecosystem for the steel industry.”
    
    Source : STRATEGIC RESEARCH INSTITUTE