ArcelorMittal LU1598757687

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1. voda 30 september 2020 16:27

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   GMS Market Commentary on Shipbreaking in Week 39 - Cartel Conundrum
   
   The prominent news last week centered on the formation of yet another cartel in Bangladesh, which is another attempt by a handful of powerful local Recyclers to try and secure vessels at controlled, below market prices. Every few years, we see these attempts being made. Yet, all this does is reduce the competitiveness of the Bangladeshi market and the fallacy of it all sees the cartel break up in a very short period of time (within days, if not a few short weeks). Furthermore, with Pakistan and India remaining competitive, there is every chance that Bangladeshi buyers will likely lose any and all markejt tonnage to their sub-continent neighbors.
   
   Several VLOC sales in recent weeks have reportedly been concluded to Pakistani and Bangladeshi End Buyers and a majority of the most capable (in terms of L/C limits) and keen End Buyers are starting to (if not already) fill their plots with large LDT tonnage once again.
   
   India remains the HKC green destination of choice (with almost 80 HKC approved yards with NK, Rina, LR classification societies) and there is now a trickle of green deals every week to consider - especially as container candidates start to slow from many of the major liner owners amidst an uptick in charter rates.
   
   Finally, key Turkish fundamentals recorded declines this week resulting in levels for ships slipping marginally.
   
   Overall, as parts of Europe suffer with the possibility of a seemingly inevitable second wave of Coronavirus cases and stock / LME markets start to show signs of reversal, it may be a difficult upcoming winter this year, at least unless an effective vaccine is discovered.
   
   Source : STRATEGIC RESEARCH INSTITUTE
2. voda 1 oktober 2020 07:02

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   ArcelorMittal sets goals to be carbon neutral by 2050
   
   Sep. 30, 2020 5:38 AM ET|About: ArcelorMittal (MT)|By: Niloofer Shaikh, SA News Editor
   
   To fulfill the commitment made in 2019 for its European business to reduce emissions by 30% by 2030, and carbon emissions target of net zero by 2050, ArcelorMittal (NYSE:MT) has identified two low-emissions steelmaking routes.
   
   The Hydrogen-DRI route, which uses hydrogen as a reducing agent. A demonstration plant in Hamburg, where ArcelorMittal owns Europe’s only operational DRI-EAF plant, is currently planned with a targeted start-up in 2023.
   
   The Smart Carbon route is centred around modifying the blast furnace route to create carbon-neutral steelmaking through the use of circular carbon - in the form of sustainable biomass or carbon containing waste streams - and carbon capture and use (CCU) and storage (CCS).
   
   Start-up target for key projects is targeted in 2022.
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   ArcelorMittal sets 2050 group carbon emissions target of net zero
   Wed September 30, 2020 3:00 AM|GlobeNewswire|About: MT
   
   
   30 September 2020, 09:00 CET
   
   ArcelorMittal (‘the Company’) today announces a group-wide commitment to being carbon neutral by 2050, building on the commitment made in 2019 for its European business to reduce emissions by 30% by 2030, and be carbon neutral by 2050.
   
   Commenting on the 2050 net zero target, before speaking about the challenge of decarbonising the steel industry at the Financial Times Commodities Conference today, Aditya Mittal, President and CFO, said:
   
   “If the world is to achieve net zero by 2050 it will require all parts of the economy in all regions of the world to contribute. As the world’s leading steel company, we believe we have a responsibility to lead the efforts to decarbonise the steel-making process, which today has a significant carbon footprint.
   
   “Steel will remain a vital material for our world and indeed is the most circular of all materials. Our challenge is to be able to make steel using clean energy technologies* on a commercial scale, while remaining competitive in the global steel industry.
   
   “We are working on various pilot technologies which have excellent potential. In Hamburg, where we own and operate Europe’s only DRI-EAF facility, we will test not only the ability of hydrogen to reduce the iron-ore and form DRI, but also then test that carbon-free DRI in the EAF in the actual steel-making process.
   
   “Hydrogen has a lot of potential but given the significant transition cost, we also believe in working on solutions for the traditional integrated route. This essentially follows the bio-energy, carbon capture and utilisation and storage route, which as stressed by both the IPCC and the IEA will be critical to achieving net zero by 2050. What is also interesting about this route is that it has the potential not only to provide carbon neutral steel, but also other products that will help the chemical industry make plastics in a carbon neutral way.
   
   “Critical to turning the target into reality will be policy to enable steel to remain competitive while decarbonizing – particularly given every region of the world is moving at a different pace. We intend to actively engage with governments to chart a way forward that enables the steel industry to make meaningful progress through carefully designed policy that protects against carbon leakage.”
   
   ArcelorMittal has identified two low-emissions steelmaking routes, both of which have the potential to lead to carbon-neutral steelmaking:
   
   The Hydrogen-DRI route, which uses hydrogen as a reducing agent. A demonstration plant in Hamburg, where ArcelorMittal owns Europe’s only operational DRI-EAF plant, is currently planned with a targeted start-up in 2023.
   
   The Smart Carbon route is centred around modifying the blast furnace route to create carbon neutral steelmaking through the use of circular carbon - in the form of sustainable biomass or carbon containing waste streams - and carbon capture and use (CCU) and storage (CCS). ArcelorMittal is well advanced on constructing several commercial-scale projects to test and prove a range of Smart Carbon technologies. Start-up target for key projects is targeted in 2022.
   While both routes have the potential to deliver carbon-neutral steel by 2050, we believe that Smart Carbon can deliver results sooner, and make a meaningful contribution to CO2 emissions reduction this decade, while industrial scale production from the Hydrogen-DRI route is unlikely to be significant before 2030 due to the current high costs.
   
   The Company has also previously outlined the policy framework environment it believes is required for carbon-neutral steelmaking to become a reality, which includes:
   
   A global level playing field which avoids the risk of carbon leakage through mechanisms such as green border adjustments
   Access to abundant and affordable clean energy
   Policies which support the development of the necessary clean energy infrastructure
   Access to sustainable finance for low-emissions steelmaking, and
   Policies which accelerate the transition to a circular economy.
   ArcelorMittal will set out further detail in support of its 2050 net zero target in its second climate action report, which is anticipated to be published before the end of 2020.
   
   ArcelorMittal is a member of the Energy Transitions Commission (ETC) and is an active member of the ETC’s Net Zero Steel Initiative underway in partnership with the World Economic Forum. ArcelorMittal is also actively engaged with the Science Based Targets Initiative (SBTI) to define an achievable SBT for the steel industry taking into account the two distinct routes in operation today.
   
   *In its Climate Action Report and Europe Climate Action Report, ArcelorMittal refers to three clean energy vectors: clean electricity, circular carbon, and CCS.
   
   ENDS
   
   About ArcelorMittal
   
   ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and primary steelmaking facilities in 18 countries. In 2019, ArcelorMittal had revenues of $70.6 billion and crude steel production of 89.8 million metric tonnes, while iron ore production reached 57.1 million metric tonnes.
   
   Our goal is to help build a better world with smarter steels. Steels made using innovative processes which use less energy, emit significantly less carbon and reduce costs. Steels that are cleaner, stronger and reusable. Steels for electric vehicles and renewable energy infrastructure that will support societies as they transform through this century.
   
   With steel at our core, our inventive people and an entrepreneurial culture at heart, we will support the world in making that change. This is what we believe it takes to be the steel company of the future.
   
   For more information about ArcelorMittal please visit: corporate.arcelormittal.com/
3. voda 1 oktober 2020 07:47

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   De vrede bij Tata Steel lijkt van korte duur: 850 banen verdwijnen
   
   Het vertrouwen tussen de directie en de Nederlandse werknemers van staalfabrikant Tata Steel heeft een nieuwe deuk opgelopen. De partijen staan, na een korte wapenstilstand deze zomer, weer lijnrecht tegenover elkaar nu blijkt dat er nieuwe plannen zijn om banen te schrappen in IJmuiden. Dit zou nodig zijn om de winstgevendheid te verbeteren.
   
   De vakbonden spreken over een 'vertrouwensbreuk' na berichtgeving in de Financiële Telegraaf. Die krant meldde dat in IJmuiden de komende jaren 850 arbeidsplaatsen verdwijnen. Gedwongen ontslagen zijn daarbij niet aan de orde en eerder gemaakte afspraken worden gerespecteerd. De gemiddelde leeftijd van de werknemers is in IJmuiden relatief hoog, waardoor het aantal arbeidsplaatsen via natuurlijk verloop zou kunnen verminderen. Maar de werknemersvertegenwoordigers vinden dat de directie 'wederom voor hun beurt spreekt'.
   
   Het nieuws legt daarmee een bom onder een verzoeningspoging bij Tata Steel. Woensdagochtend zou er een gesprek plaatsvinden tussen de Nederlandse directie, de Europese directie (ExCo), de centrale ondernemingsraad en de vakbonden. Zij zouden de bedrijfsstructuur en governance bij de voormalige Koninklijke Hoogovens bespreken. Het was een van de afspraken waarmee in juli, na weken van stakingen, de vrede werd getekend. De Europese directie bevestigde woensdag in het gesprek dat mogelijk 850 banen verdwijnen, zegt een betrokkene.
   
   'Klap in het gezicht'
   Het gesprek is daarna vroegtijdig afgebroken. 'We hadden net het voorstelrondje gehad', zegt Roel Berghuis van vakbond FNV. 'Toen we dit nieuws hoorden, konden we niet blijven zitten. In het akkoord in juli hebben we afgesproken geen concreet aantal weg te saneren arbeidsplaatsen als uitgangspunt te nemen. Dit is een klap in het gezicht.' CNV Vakmensen is 'ronduit verbijsterd', zegt bestuurder Peter Böeseken. 'Een move als die van vanochtend zet alle betrokkenen voor schut.'
   Ook de centrale ondernemingsraad is woest. 'Wij voelen ons geschoffeerd door de gang van zaken', stelt voorzitter Frits van Wieringen. Zo moeten de plannen voor reorganisaties altijd eerst voorgelegd worden aan de ondernemingsraad. Dat is nog niet gebeurd. 'Dit is zeer onzorgvuldig handelen. Mijn mailbox stroomt alweer vol met boze reacties.'
   
   Natuurlijk verloop
   Het is de zoveelste ruzie bij de staalfabrikant. IJmuiden vormt samen met de fabrieken in het Verenigd Koninkrijk Tata Steel Europe. Die verlieslatende tak moet van het Indiase moederbedrijf reorganiseren om de winstgevendheid te verbeteren. Over de vraag hoe dit moet gebeuren wordt al maanden gesproken en daarover is veel onrust ontstaan.
   
   Aanvankelijk stonden door de reorganisatie ook in IJmuiden veel banen op de tocht. Maar na weken van stakingen, aangewakkerd door het vertrek van de Nederlandse directeur Theo Henrar, verdween begin juli in het akkoord met de vakbonden dat idee van tafel. De kostenbesparingen moeten onder meer komen uit het niet vervangen van medewerkers die vertrekken.
   
   Hoe de reorganisatie er verder uitziet, is nog altijd onduidelijk. De Nederlandse directie stuurde dinsdag nog een mededeling rond dat de plannen zijn doorgenomen met de directie van de Europese koepel en leidinggevenden van de betrokken afdelingen. Volgens het bericht is 'de focus gelegd op het minimaliseren van banenverlies'. Hierbij werden geen aantallen genoemd.
   
   Zowel de directie van Tata Steel in Nederland als van Europa ontkennen in een reactie aan het personeel dat zij het aantal hebben genoemd tegen de pers. Het is de vraag of en wanneer de partijen weer met elkaar om tafel gaan. Vakbond FNV voert donderdag overleg met kaderleden over de vervolgstappen.
   
   fd.nl/ondernemen/1358965/de-vrede-bij...
4. voda 1 oktober 2020 14:48

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   India’s DGTR Recommends Anti-dumping Duty Hot Rolled SS304 Stainless Steel Imports
   
   India’s Commerce Ministry's Director General Trade Remedies has recommended the continuation of anti-dumping duty on Hot Rolled Flat Products of Stainless Steel 304 series imported from China, Malaysia and Korea for five more years to guard domestic players from cheap inbound shipments. The Directorate General of Trade Remedies said “Having concluded that there is likelihood of continuation/recurrence of dumping and injury if the existing anti-dumping duties are allowed to cease, the Authority is of the view that continuation of duty is required on the imports of PUC from the subject countries.”
   
   DGTR has suggested the duty as USD 160 per tonne, USD 255 per tonne and USD 155 per tonne for these three nations. The finance ministry will take the final decision to impose these duties.
   
   Hot Rolled Flat Products of Stainless Steel 304 series means ‘"Hot Rolled austenitic stainless steel flat products; whether or not plates, sheets or coils (hot rolled annealed and pickled or black) of rectangular shape; of grade either 304 or 304H or 304L or 304N or 304LN or EN 1.4311, EN 1.4301, EN 1.4307 or X5CRNI1810 or X04Crl9Ni9, or equivalents thereof in any other standards such as UNS. DIN. JIS, BIS, EN. etc.; whether or not with number one or black finish; whether or not of quality prime or non-prime; whether or not of edge condition with mill edge or trim edge; of thickness in the range of 1.2mm to 10.5mm in Coils and 3mm to 105mm in Plates & Sheets; of all widths up to 1650mm (width tolerance of + 20mm for mill edge and + 5mm for trim edge)”.
   
   Source : STRATEGIC RESEARCH INSTITUTE
5. voda 1 oktober 2020 14:49

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   North Star Bluescope Relies on SMS Group Digital Technology
   
   DigitalNorth Star BlueScope located in Delta, Ohio, awarded SMS digital, a company of SMS group, an order for the digitalization of the hot flat strip production at the Delta site in order to raise it to a new digital level. Following the order placed with SMS group last year to extend the thin slab caster by a further strand, NSBS is now relying on SMS group’s digitalization competence and is integrating a digitalization package from SMS digital across the entire production process. A major advantage and also a requirement of NSBS is the digital connection of third-party plants. The digital solution package includes the SMS digital production planning system MES 4.0 (Manufacturing Execution System) and the Quality Execution System QES with Process Data Warehouse PDW module containing a data history extension.
   
   Plant data including historical data are processed within the SMS Data Factory, to allow for future extension of machine learning and artificial intelligence Apps, as well as for full plant visualization functions capabilities. In addition, the Smart Alarm App will enhance maintenance insight through the ability to diagnose cause and effect of signals and alerts. NSBS trusts in the long-standing successful cooperation with SMS group and will further expand the partnership with this joint digitalization strategy.
   
   The digitization solutions of SMS group are able to integrate all interfaces of third-party suppliers in order to represent a complete production flow. MES 4.0 is pre-designed for the capability of further future extensions and enhancement. The flexible modularity offers the possibility to directly add additional features, functions and business intelligence to the system. In the context of digitalization, the MES 4.0 can act as a data hub to quality management systems such as the QES, where quality is monitored, graded and certified for release.
   
   SMS digital specializes in transforming data into information and ultimately into added value and can incorporate individual customer requirements into the development of digital solutions. At NSBS, the MES 4.0 will initially be successively tested in shadow mode during ongoing production and then implemented step by step, until finally in mid to late 2021 the second strand of the thin slab casting plant will also be connected to the MES 4.0.
   
   Key factors for the decision to partner with SMS group for digitally connecting the future twin-strand caster was the high added value resulting from the strong combination from SMS digital’s know-how of technology, functionality, and user-friendliness. By incorporating these production planning systems, energy consumption during production can be reduced, rejects minimized and quality increased, thus achieving a faster return on investment.
   
   Source : STRATEGIC RESEARCH INSTITUTE
6. voda 1 oktober 2020 14:51

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   EC Starts Probe on Imports of Cold-Rolled Flat Stainless Steel from India & Indonesia
   
   The European Commission has received on protection against dumped imports from countries not members of the European Union, alleging that imports of stainless steel cold-rolled flat products, originating in India and Indonesia are being dumped and are thereby causing injury to the Union industry. The complaint was lodged on 17 August 2020 by the European Steel Association EUROFER, on behalf of producers representing more than 25 % of the total Union production of stainless steel cold-rolled flat products.
   
   The product subject to this investigation is flat-rolled products of stainless steel, not further worked than cold-rolled. The product allegedly being dumped is the product under investigation, originating in India and Indonesia currently classified under CN codes 7219 31 00, 7219 32 10, 7219 32 90, 7219 33 10, 7219 33 90, 7219 34 10, 7219 34 90, 7219 35 10, 7219 35 90, 7219 90 20, 7219 90 80, 7220 20 21, 7220 20 29, 7220 20 41, 7220 20 49, 7220 20 81, 7220 20 89, 7220 90 20 and 7220 90 80
   
   All interested parties wishing to submit information on the product scope must do so within 10 days of the date of publication of this Notice.
   
   Source : STRATEGIC RESEARCH INSTITUTE
7. voda 1 oktober 2020 14:52

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   Tenova Consteel EAF Starts at Acciaieria Arvedi in Italy
   
   On September 17 this year, Tenova started up a record-breaking melting unit, a new Consteel EAF, at Acciaieria Arvedi at Cremona in Italy replacing the existing Consteel furnace, originally installed in 2008. The furnace has a tapping size of 300 metric tons and is designed to reach a power-ON time of 37 minutes with a charge mix including up to 30% HBI or other scrap substitutes.
   
   The outstanding productivity performance of the new Consteel® EAF has been designed with the aim to meet the increased demand of the recently revamped continuous casting and rolling mill line of the steel plant. This output has never been achieved before by a single EAF worldwide, and it is made possible thanks to the proprietary Consteel® continuous charging and melting technology of Tenova, complemented by Consteerrer®, an innovative electro-magnetic stirring system, jointly developed with ABB.
   
   The furnace has a 9,1m diameter shell and is continuously fed by a 4m wide Consteel slip-stick conveyor. The furnace is also equipped with a state-of-the art level 1 and level 2 automation package.
   
   Source : STRATEGIC RESEARCH INSTITUTE
8. voda 1 oktober 2020 14:53

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   Severstal to Equip Hot Rolling Mill with Neural Network
   
   The Directorate for Technical Development and Quality of the Severstal Russian Steel Division and Severstal Digital LLC are improving the software used at the industrial site of the Cherepovets Steel Works for quality control of the rolled metal surface. A new in-house development of the company's specialists, the VERA neural network, is being implemented at the high-tech and most productive hot rolling mill in Russia mill 2000. VERA is an improved analogue of the EVE neural network, which was developed by Severstal employees in 2019 and is used to classify surface defects of rolled metal on the cut-to-length line # 4 in the metal finishing workshop # 2 of the flat-rolled steel production plant at CherMK.
   
   The new program, the VERA neural network, is a similar, but more complex algorithm for finding and classifying a larger number of deviations. It will be able to find already 19 classes of defects. The program includes an anomaly detector that will allow you to identify atypical images. Also, Severstal Digital employees updated the user interface, making it more convenient and adding new functions, for example, the “like-dislike” concept, which allows the operator to point out the models to errors and correct solutions in non-standard situations. This approach allows you to adapt to changing conditions: the model is periodically retrained on the basis of operator corrections and adapts to the technological process.
   
   Source : STRATEGIC RESEARCH INSTITUTE
9. voda 1 oktober 2020 14:54

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   Indian Manufacturing Sector Growth Moves Up a Gear in September
   
   After returning to expansion territory in August, manufacturing sector growth gathered momentum in September. The PMI reached its highest mark since January 2012, supported by accelerated increases in new orders and production. Concurrently, there were renewed expansions in export sales and input stocks as well as an improvement in business confidence. Output prices rose for the first time in six months, reflecting an uptick in input costs. The headline seasonally adjusted IHS Markit India Manufacturing Purchasing Managers Index increased from 52.0 in August to 56.8 in September, signalling back-to-back improvements in the health of the sector. Moreover, the latest reading was the highest in over eight-and-a-half years.
   
   Amid reports of loosened coronavirus disease 2019 (COVID-19) restrictions and higher demand, Indian manufacturers lifted output for the second straight month in September. The increase was sharp and the third-quickest in the history of the survey.
   
   Similarly, there were back-to-back increases in new business inflows. The rate of expansion picked up to the fastest since early-2012.
   The upturn in total sales was supported by a renewed expansion in new export orders, the first since prior to the escalation of the COVID-19 outbreak.
   
   Despite strong growth of order book volumes, Indian goods producers signalled another reduction in payroll numbers. In many cases, this was attributed to efforts to observe social distancing guidelines. Employment has now decreased for six consecutive months.
   
   As a result of lower headcounts and rising sales, companies noted a further increase in their backlogs of work. The rate of accumulation was marked, despite softening from August's recent high.
   
   Manufacturers stepped up purchasing activity in line with greater production needs. Furthermore, the increase in input buying was the strongest in over eight-and-a-half years.
   
   This placed additional pressure on supply chains as evident by a further increase in delivery times. Monitored companies mentioned labour and material shortages at their distributors. Vendor performance, however, worsened to the least extent since March.
   
   As for stocks, there were contrasting trends. Holdings of inputs increased for the first time in six months, albeit slightly. At the same time, inventories of finished goods decreased at a sharp and accelerated rate as companies utilised stocks to follow through on their sales contracts.
   
   On the price front, there was a softer and historically weak rise in input costs. Firms reported higher prices paid for a few materials such as aluminium and steel. Output charges, meanwhile, broadly stabilised following five successive months of reduction.
   
   Almost one-third of manufacturers expect output growth in the coming 12 months, against 8% that foresee a contraction, resulting in the strongest degree of overall optimism in over four years. Upbeat projections reflected hopes of fewer coronavirus cases, projects in the pipeline and enquiries from new clients.
   
   Commenting on the latest survey results, Pollyanna De Lima, Economics Associate Director at IHS Markit, said: “The Indian manufacturing industry continued to move in the right direction, with PMI data for September highlighting many positives. Due to loosened COVID-19 restrictions, factories went full steam ahead for production, supported by a surge in new work. Exports also bounced back, following six successive months of contraction, while inputs were purchased at a sharper rate and business confidence strengthened. One area that lagged behind, however, was employment. Some companies reported difficulties in hiring workers, while others suggested that staff numbers had been kept to a minimum amid efforts to observe social distancing guidelines. When we look at the PMI average for the second quarter of fiscal year 2020/21, the result is in stark contrast to that seen in the first quarter: a rise from 35.1 to 51.6. While uncertainty about the COVID-19 pandemic remains, producers can at least for now enjoy the recovery."
   
   Source : STRATEGIC RESEARCH INSTITUTE
10. voda 1 oktober 2020 14:55

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    Dubai’s Museum of the Future - Poetry in Steel
    
    Dubai’s Museum of the Future is one of the most complex and unique construction projects in the world, and a true architectural experiment. Its unusual shape of a torus with an elliptical void became possible due to a steel frame and façade panels. The elliptical design was conceived by architect Shaun Killa of Killa Design, winners of the museum’s design competition in 2015. Killa is no stranger to challenging projects: he worked on Burj Al Arab, one of the world’s tallest hotels, and the legendary Address Jumeirah Gate building, which is 77 storeys high. The 78-metre-high Museum of the Future is slated to open in 2021. It will be a showcase for innovation and technology, so its design aims to inspire visitors to see the future, create the future.
    
    According to Killa, the client’s initial idea was to create a form that represents our vision of the future today through the physical building and its exhibition floors, and everything unknown about the future through the void at the centre. In the next 10 years, the void might be filled with something new.
    
    The museum comprises three main parts: a green mound, which forms a landscaped three-storey podium, the building on top, and the void in the centre. Inside, there are six column-free exhibition floors, one administration level, and a food and beverage deck. There are also plans for a conference hall, a retail area, parking space and other services.
    
    The museum represents a radical alternative to the traditional skyscraper form. BuroHappold Engineering and Bam International were brought in to execute Killa’s ambitious vision.
    
    The engineers used computer programming to define the architectural form. Dynamic links were created between parameters using their aspects, enabling real-time, continuous modification of the design. While this was a painstaking process, such modelling meant that all of the steel tubes had exactly the same diameter. This uniformity made the construction work much faster and simpler. Once the reinforced concrete ring beam and tower supporting the diagrid* were built, the steel required was completed in just 14 months.
    
    The torus shape is supported by 890 stainless-steel-clad glass fibre reinforced plastic panels that form the seamless silvery façade. The thousands of interlocking steel triangles were produced by 3D printers. Cut out of the panels are phrases of poetry, which are a real differentiator and also act as the museum’s windows. The poetry was written by Sheikh Mohammed Bin Rashid Al Maktoum, Dubai’s ruler. After dark, the cursive script will be illuminated by 14 kilometres of LED lighting.
    
    The construction work, which has involved investment of US$136 million, is now in its final phase. The museum is positioned above the city’s elevated metro system on the edge of the financial district near the Emirates Towers.
    
    The opening is due to coincide with Dubai’s hosting of the World Expo in October 2021. The ultimate aim is to attract more than one million visitors a year, half of those being tourists.
    
    Source : STRATEGIC RESEARCH INSTITUTE

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11. voda 1 oktober 2020 15:02

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    China’s Steel PMI in September Slides into Deepr Contraction Territory
    
    China’s steel purchasing managers index fell for a second month in September, sliding into deepr contraction territory. Latest release by the CFLP Steel Logistics Professional Committee showed that Purchasing Managers Index for China’s steel industry declined for the fourth month in September and at a faster pace of 3.1 basis points on month to 43.9, confirming that the demand was not up to expectation in this traditional robust month for the steel industry. For September, the sub-index for new orders including steel sales at home and abroad declined for the second month and at a faster pace of 9 basis points on month to 36.6, and it had been below the threshold of 50 for four successive months or a new low since February. In the overall dismal situation, the sub-index for China’s new orders for steel exports, however, recovered 11.9 basis points on month to 46.6 in September, as global steel demand recovered amid restart of economic activities.
    
    CSLPC said “Sub-indices showed that the steel demand was below expectation, steel output declined accordingly, and the momentum of raw material price surges eased obviously, or in short, the market was not as robust as it should have been. However, related enterprises remain hopeful in the near term, as both the raw materials procurement and stocks grew steadily, and in October, there is still room for steel demand to grow, and steel mills’ output may recover, though the total production for Q4 may be lower on quarter.”
    
    CSLPC highlighted “For the fourth quarter, uncertainties will persist in steel demand though there is still room for growth, as the manufacturing sectors such as construction, machinery, and automaking have been recovering steadily, and infrastructure construction may accelerate further in October, though the optimism on higher steel demand from the property market have waned among the uncertainties and possible tightening control by the authorities.”
    
    Source : STRATEGIC RESEARCH INSTITUTE
12. voda 1 oktober 2020 15:02

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    CII Nominates SAIL Chairman as Chairman of CII PSE Council
    
    The Confederation of Indian Industries has nominated Steel Authority of India Limited Chairman Mr Anil Kumar Chaudhary as the Chairman of its PSE Council. This PSE Council plays a vital role in the overall functioning of CII, which works with Government and the public sector enterprises on various policy issues and serves as a reference point for the industry. Formed in 2007, the Council has grown from strength to strength over the years. Today, it consists of 96 members comprising 10 Maharatnas, 14 Navratnas and 72 Miniratnas.
    
    The Chairman of CII PSE Council acts as the key interface between government and the members of the Council. The Chairman also represents the Council in all the meetings and networking with the government/policy makers for taking forward the economic and enterprise policy advocacy framework.
    
    Source : STRATEGIC RESEARCH INSTITUTE
13. voda 1 oktober 2020 15:03

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    Tata Steel & CSIR to Collaborate for Carbon Capture, Utilisation & Storage
    
    Considering the importance of Carbon Capture, Utilisation & Storage in India’s fight against Climate Change and Global Warming, meeting the growing energy demands and building a strong ecosystem to meet commitments under Paris Agreement, Tata Steel Limited and the Council of Scientific & Industrial Research have joined hands to work in the field of CCUS.
    
    As part of this strategic MoU signed between Tata Steel Limited and the Council of Scientific & Industrial Research (CSIR), the teams from Tata Steel and CSIR will work towards accelerating development and deployment of CCUS technologies in the steel industry. These technologies would expedite transition to a decarbonised economy in other carbon intensive sectors like Power, Cement, and Fertilizer etc. This collaboration would entail work across key areas of CO2 capture, utilization and storage and would be co-led by Dr. Rakesh Kumar, Director NEERI (National Environmental Engineering Research Institute) as the CSIR nodal and Dr. Debashish Bhattacharjee, VP, Technology & New Materials Business, Tata Steel. In addition, several other CSIR laboratories would also participate given their diverse competencies in this area.
    
    CSIR has, in parallel, initiated steps to set up a National facility on CCUS at NEERI, Nagpur. Tata Steel has intended to be a founder partner in setting up of this facility. The facility, expected to work on the lines of “Centre of Excellence”, will offer a common collaborative platform to interested organisations and stakeholders to participate, invest and contribute towards research, technology development, deployment, policy advocacy, training, and capacity building in the field of CCUS through a partnership model.
    
    Over the past few years, Tata Steel has invested in multiple initiatives in harnessing clean and renewable energy and adopting waste heat recovery technology. The Company has already established a pilot project in Carbon Capture and Use at Jamshedpur works and at the Ferro-Chrome plant, and assessing renewable energy potential across all locations in India. Tata Steel has recently joined ResponsibleSteelTM, the industry’s first global multi-stakeholder standard and certification initiative, to further its sustainability goals.
    
    Source : STRATEGIC RESEARCH INSTITUTE

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14. voda 1 oktober 2020 15:06

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    thyssenkrupp Starts Realignment of Automotive System Engineering
    
    At the start of the new fiscal year on October 1, 2020, thyssenkrupp will commence the operational realignment of its automotive system engineering activities. In the coming months the current System Engineering business unit will be split commercially, operationally and legally into two independent business units. The aim is to create two independent companies with different product ranges. One will be an engineering company specializing in body assembly lines which will continue to be managed as part of thyssenkrupp’s automotive supply and service segment. The other will combine the current powertrain and battery assembly activities and will be part of thyssenkrupp’s portfolio segment (Multi Tracks). Going forward, a solution will be found for this business outside the thyssenkrupp group, either in partnerships or under new owners. The operational split of thyssenkrupp System Engineering into a body unit and a powertrain/battery unit is part of the portfolio strategy presented by thyssenkrupp in May of this year.
    
    The body activities of the company with sites in the German states of Baden-Württemberg, Saarland and Hessen will be repositioned as an automotive bodymaker with integrated value-chain capabilities. This company will specialize in body assembly solutions and the production of lightweight body parts for automotive customers. The powertrain and battery unit will continue its transformation towards e-mobility so that in the future it can establish itself as a general system engineering contractor for alternative powertrains and storage technologies. This will mainly affect company sites in Bremen, Lower Saxony and Saxony.
    
    The separation and realignment of the two business units will involve further restructuring at the individual sites. In this connection around 800 jobs will be reduced across both units in the current fiscal year. Around 500 of these jobs are at sites in Germany. The reason for restructuring is a slump in order intake and sales drastically exacerbated by the coronavirus crisis. With the split, central structures at the headquarters will also be eliminated.
    
    The System Engineering business unit currently operates nine development and production sites in Germany. In Bremen and Langenhagen (Lower Saxony) the company develops and manufactures assembly and test facilities for IC engines, electric motors and fuel cells. At its Heilbronn (Baden-Württemberg), Lockweiler (Saarland) and Burghaun (Hessen) sites, body assembly lines are developed and produced. The company also operates two battery assembly line plants in Hohenstein-Ernstthal and Chemnitz (Saxony). The Mühlacker and Weinsberg (Baden-Württemberg) sites develop and produce lightweight vehicle solutions. Altogether around 3,200 people are currently employed in automotive system engineering at thyssenkrupp in Germany.
    
    Source : STRATEGIC RESEARCH INSTITUTE
15. voda 5 oktober 2020 14:17

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    CISA Reports Highest Ever Daily Crude Steel Output in August
    
    Xinhua, citing data from China Iron and Steel Association, reported that China logged a record daily output of crude steel in August as the country's economic recovery consolidates. China Iron and Steel Association data showed that the daily output of crude steel came in at 3.06 million tonnes in August 2020, highest ever daily level, ie a monthly total of 91.8 million tonnes. CISA however said “Despite robust steel consumption in the peak months of September and October, the rapid steel output recovery and burgeoning imports of rolled steel and other materials will put pressure on the supply side. In this scenario, a surge in the price of rolled steel is unlikely.”
    
    From January to August, the crude steel output climbed 3.7 percent year on year to 688.89 million tonnes, and the outputs of pig iron and rolled steel rose by 3.4 percent and 4.8 percent from the same period last year to 589.4 million tonnes and 844.69 million tonnes.
    
    Source : STRATEGIC RESEARCH INSTITUTE
16. voda 5 oktober 2020 14:18

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    SAIL & RINL Supply Steel for All Weather Atal Tunnel Connecting Manali to Lahaul & Spiti Valley
    
    Indian public sector steel giants Steel Authority of India Limited and Rashtriya Ispat Nigam Limited have supplied the majority portion of steel in the construction of the Atal Rohtang Tunnel. SAIL has supplied more than 9000 tonnes of steel, RINL supplied approximately 8,500 tonnes of steel. SAIL supplies consisted of around 6500 tonnes of rebars, 1500 tonnes of structurals and 1000 tonnes of plates for fabricating Beams and small quantity of SAIL GP/GC sheets for constructing stations and control rooms. RINL supplied rebars.
    
    An all-weather tunnel, Atal Tunnel will connect Manali to Lahaul and Spiti Valley in Himachal Pradesh throughout the year. The 9.02 km long tunnel will ensure connectivity throughout the year. The valley was earlier cut off for about six months every year due to heavy snowfall. The tunnel reduces the road distance by 46 Kms between Manali and Leh and the time by about 4 to 5 hours. The tunnel is set to become the world’s longest road tunnel at an altitude of above 3,000 metres.
    
    Source : STRATEGIC RESEARCH INSTITUTE

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17. voda 5 oktober 2020 14:19

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    Jingye Interested in Tata Steel's Port Talbot Steelworks - Report
    
    Sky News has learnt that Jingye Group told Tata Steel's parent company and the government that it is keen to explore a takeover of Britain's largest steel producer. Banking sources said that Jingye's interest was at a tentative stage, and insisted that there was not a formal sale process for Tata Steel UK's operations. They added, however, that discussions between Tata's Indian parent and the government had failed to make substantial progress in the weeks since investment bankers were drafted in to help ministers thrash out a deal.
    
    If Jingye, which concluded its acquisition of British Steel from liquidators in March, did acquire Tata Steel UK, it would reunite the Port Talbot and Scunthorpe steelworks, the two largest in the UK, under common ownership. The Scunthorpe plan was owned by Tata Steel until 2016, when it was sold to the investment firm Greybull Capital. Although large parts of Britain's steel industry have been under the control of foreign owners for more than a decade, the unification of two such big employers under Chinese ownership would draw inevitable political scrutiny.
    
    Source : STRATEGIC RESEARCH INSTITUTE
18. voda 5 oktober 2020 14:19

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    Blast Furnace Glitch Hits Production at SAIL ISP Burnpur - Report
    
    Times of India reported that the production at IISCO Steel Plant of Steel Authority of India Limited in Burnpur has come to a halt from September 18 due to a technical snag in 6 year old blast furnace. ToI report quoted an official as saying that “The production has stopped from the night of September 18 due to due technical reasons, Tuyer problem. Mr AK Mistry CGM operation visited the spot on September 29 from SAIL corporate office. The repair work was done on war-footing. We are expecting that the production will start within 8-10 days. The furnace produces over 6,000 tonne steel per day.”
    
    This is second time in two years production at the plant came to a halt after lone 6 year old blast furnace had gone out of order on August 15th 2018 because of voltage dip in power supply, which tripped the compressors of the oxygen plant.
    
    The blast furnace, built with technical assistance from Posco in South Korea, started operations on November 30, 2014. It has a production capacity of 2.7 million tonnes of hot metal per year.
    
    Source : STRATEGIC RESEARCH INSTITUTE
19. voda 5 oktober 2020 14:23

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    Nippon Steel to Restart Blast Furnace No 2 at Kimitsu Works
    
    Nikkei reported that top Japanese steelmaker Nippon Steel plans to fire up an idled No 2 blast furnace at the Kimitsu works in Chiba Prefecture by the end of the year in response to rising orders from the domestic automobile and consumer electronics industries. The unit was idled in June because of a sudden drop in steel demand as a consequence of the coronavirus pandemic. Six out of Nippon Steel's 15 domestic units are idled, including those that had previously scheduled repair work pushed up. Resumption by Nippon Steel will restore Japan's crude steel capacity to roughly 90% of pre-coronavirus levels.
    
    Nippon Steel's move to bring capacity back online follows the restart of a blast furnace last month by domestic peer JFE Steel. JFE Steel halted the No 4 blast furnace in Hiroshima Prefecture, one of eight Japanese units in its group. The company had planned to restart the furnace this month, but pushed the date forward to mid-September in response to a rebound in orders from the auto industry. One JFE Steel blast furnace is currently idled.
    
    Japan produced 6.44 million tons of crude steel in August. Both Nippon Steel and JFE Steel plan to step up crude steel output by 2 million tons each during the fiscal second half through March 2021 compared with the first half.
    
    Source : STRATEGIC RESEARCH INSTITUTE
20. voda 5 oktober 2020 14:24

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    NCLT Admits SBI Insolvency Plea against Uttam Galva Steel Ltd
    
    Economic Times reported that the National Company Law Tribunal has admitted an insolvency case against the debt-ridden Uttam Galva Steels Ltd on Thursday after its financial creditor, State Bank of India, filed a petition against the company. State Bank of India, Deutsche Bank, Oriental Bank of Commerce, Indian Overseas Bank and Vijaya Bank are the lead lenders to the company. The lenders have proposed Ajay Joshi as the interim resolution professional for the insolvency process.
    
    In 2018, SBI had filed an insolvency petition against UGSL, however, the lender withdrew the application after ArcelorMittal, one of the former promoters of UGSL, paid more than INR 6100 crore to the lenders. A large part of UGCL's loans were taken over by ArcelorMittal to qualify as a bidder to acquire Essar Steel in 2018.
    
    At the beginning of April 2020, UGSL was reported for defaulting on more than Rs 600 crore owed to lenders, as the company said that it was impacted by the viral pandemia UGSL also shut its plants and operations after the lockdown and said it has an outstanding of INR 1,008 crore to its creditors. The company reported a net loss of INR 160 crore during the April-June quarter.
    
    The company’s other two subsidiaries, Uttam Galva Metallics and Uttam Value Steel, are already under a resolution process and a consortium led by CarVal Investors was supposed to finish the deal of acquiring the companies for INR 2,600 crore.
    
    Source : STRATEGIC RESEARCH INSTITUTE