Nieuws en info hier plaatsen (deel 4)

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SAIL to Start Commercial Production of Head Hardened Rails in 2020-21

PTI reported that state-owned steel maker Steel Authority of India Limited plans to commence commercial production of head hardened rails in this fiscal. SAIL Chairman Mr Anil Kumar Chaudhary told PTI "Though the commissioning of the facility has got delayed on account of COVID-19 pandemic, the company is planning to commence commercial production of the Head Hardened Rails during the current financial year as per the requirement of Indian Railways.”

SAIL has set up facilities for production of HH rails at the new Universal Rail Mill at its Bhilai Steel Plant in Chhattisgarh, and the cold trials for the same have already been completed

Head hardened rails are special rails used in high-speed freight corridors and metro rail projects. Such rails are manufactured using the head hardening technology to bear about 50 per cent higher pressure compared to normal rails.

Source : STRATEGIC RESEARCH INSTITUTE
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JSW Steel Crude Steel Capacity Utilization Recovers to 86% in Q2

JSW Steel achieved crude steel production of 3.85 million tonnes in Q2 FY 2020-21. With this the Company has achieved average capacity utilisation of 86% in Q2 of 2020-21 in line with pre Covid-19 level of 85% of last year Q2. This is a quantum jump from capacity utilisation of 66% for Q1'21, which was impacted by the pandemic.

Source : STRATEGIC RESEARCH INSTITUTE
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Danieli Improves Productivity at SeAH Besteel EAF

South Korean special steel producer SeAH Besteel has contracted Danieli to increase the process efficiency for EAF 3 at the Gunsan meltshop. The steel quality targets indicated for this 100-ton electric furnace require the use of low-residual scrap, which results in very dense charge mixes. The need to avoid over-oxidation, thus to maximize process repeatability and steel quality, together with the target of maximizing arc stability and active power in the presence of high-density scrap, were the major reasons for selecting the Q-MELT technological package.

The installed Q-MELT consists of
Q-REG electrode control regulator
LINDARC real-time gas analysis, laser based, with closed-loop control of soft-blown oxygen during scrap melting
MELTMODEL for dynamic adaptation of oxygen flowrate setpoints during refining, according to bath oxidation levels

The results can be summarized as a 2% increase in average active power, a 2% reduction of electrical energy consumption, and a 15% standard-deviation decrease of oxygen content in the steel before tapping.

Source : STRATEGIC RESEARCH INSTITUTE
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US Steel Shipments in August Down 23% YoY

The American Iron and Steel Institute reported that for the month of August 2020, U.S. steel mills shipped 6,532,652 net tons, a 8.2 percent increase from the 6,035,596 net tons shipped in the previous month, July 2020, and a 22.9 percent decrease from the 8,472,088 net tons shipped in August 2019. Shipments year-to-date in 2020 are 53,786,455 net tons, a 17.0 percent decrease vs. 2019 shipments of 64,810,436 for eight months.

A comparison of August shipments to the previous month of July shows the following changes: cold rolled sheet, up 16 percent, hot dipped galvanized sheet and strip, up 9 percent and hot rolled sheet, up 6 percent.

Source : STRATEGIC RESEARCH INSTITUTE
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Metalloinvest Launches Ball Rolling Facility at OEMK

Metalloinvest launched a ball rolling facility at OEMK. The ball rolling facility will produce approximately of 43,000 tonnes of grinding balls for the needs of the Company’s enterprises. The project also accounts for the possibility of production and shipment of the new product for third-party customers. Construction of the ball rolling facility began in September 2019, with Metalloinvest investing around 1bn roubles into the project. Chinese engineering company WISDRI supplied key technological equipment. The new production facility enabled the creation of 85 new jobs at the enterprise.

Grinding balls are used for crushing ore in ball mills at the mining and processing enterprises. Grinding balls with a diameter of 100-120mm, weighing 4.6 and 8 kg, and of 2nd and 3rd hardness groups in accordance with GOST 7524-2015 will be produced at OEMK.

Source : STRATEGIC RESEARCH INSTITUTE
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Huta Czestochowa Sale Remains Uncertain

Czech media reporte that third tender for sale of Huta Czestochowa could soon be announced, as no contract was concluded with the winner of the previous tender Sunning well Steel Polska after receiver did not receive PLN 220 million in payment by last week deadline of 2 months. Czestochowa steelworks trustee Mateusz Bienioszek, confirming this development, said that Sunningwell Steel Polska has applied to the court to extend the deadline for concluding the sales contract until November 30, 2020 and the final decision will be made by the judge-commissioner.

The management board of ISD Polska, the owner of Huta Czestochowa, filed for bankruptcy with the commercial court at the end of June 2019. On September 4, the court declared liquidation bankruptcy of the steelworks, dismissing two applications for the sale of the company in the pre-pack formula to Sunning well International Polska or Cor ween Investments.

In April 2020, the receiver announced a tender for the sale of the steelworks assets. The starting price was set at PLN 250 million. Eight entities applied for access to documents, which shows that the interest was high. Well, however, since nobody joined the tender in the end. In July, another tender was held, for which only one interested party applied, the company Sunning well Steel Polska. After the deadline for submitting applications, the offer of Corween Investments was also received along with applications for its recognition despite the expiry of the deadline. The judge commissioner dismissed these requests due to the lack of am legal basis. On 3 June 2020, in the absence of bids in the first tender, the receiver has filed at the Court the application for approval of the conditions of sale of the enterprise. By the Decision of 5 June 2020, the Judge-Commissioner has approved the tender conditions. On July 28th, 2020 the results of the tender for Huta were announced. At the court session, the trustee selected the only bid that was received on time and met all formal requirements, i.e. the bid filed by Sunning well Steel Polska SA.
Source : STRATEGIC RESEARCH INSTITUTE
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Iron and Steel Technology Roadmap Laid by IEA

According to a recent International Energy Agency, Iron and Steel Technology Roadmap, steel is vital to modern economies and so over the coming decades global demand for steel is expected to grow to meet rising social and economic welfare needs. Meeting this demand presents challenges for the iron and steel sector as it seeks to plot a more sustainable pathway while remaining competitive. The sector is currently responsible for about 8% of global final energy demand and 7% of energy sector CO2 emissions (including process emissions). However, through innovation, low-carbon technology deployment and resource efficiency, iron and steel producers have a major opportunity to reduce energy consumption and greenhouse gas emissions, develop more sustainable products and enhance their competitiveness.

This report explores the technologies and strategies necessary for the iron and steel sector to pursue a pathway compatible with the IEA’s broader vision of a more sustainable energy sector. Considering both the challenges and the opportunities, it analyses the key technologies and processes that would enable substantial CO2 emission reductions in the sector. It also assesses the potential for resource efficiency, including increased reuse, recycling and demand reduction. Realising this more sustainable trajectory will require co-ordinated efforts from key stakeholders, including steel producers, governments, financial partners and the research community. As such, the publication concludes with an outline of priority actions, policies and milestones for these stakeholders to accelerate progress towards zero emissions from the iron and steel sector.

Source : STRATEGIC RESEARCH INSTITUTE
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Severstal Reports Operating Results for Q3 & 9 Months of 2020

PAO Severstal has reported its operating results for the third quarter and nine months of 2020. The volume of pig iron production increased to 2.40 million tonne as compared to 2.33 million tonne in Q2 of 2020 due to the completion of short-term blast furnace repairs in the previous quarter. Steel production increased by 3% to 2.89 million tonnes due to an increase in pig iron production. Consolidated sales of steel products increased in Q3 of 2020 by 18% QoQ to 3.01 million tonnesdue to increased steel production, a decrease in the share of export sales with long lead times, and a decrease in inventories. The company increased its share of sales of steel products in the domestic market to 63% due to the recovery of domestic consumption in Russia in Q3. 2020. The share of HVA products was 49%, driven by deferred demand for HVA products and a decrease in stocks compared to the previous quarter. Sales of coking coal concentrate at Vorkutaugol decreased by 5% qoq to 1.22 million tonnes due to lower concentrate production and reduced rock mass production at the Zapolyarnaya mine. Iron ore pellet sales increased by 3% qoq to 2.61 million tonnes (Q2 2020: 2.53 million tonnes), reflecting an increase in iron ore pellet production and a decrease in inventories. Iron ore concentrate sales increased 3% to 1.96 mt (Q2 2020: 1.90 mt), driven by increased production at Karelsky Okatysh and Olkon.

Pig iron production volume for 9 months 2020 remained virtually unchanged compared to the same period last year and amounted to 7.14 million tons (9 months of 2019: 7.13 million tons). Steel production decreased to 8.55 mt (9M 2019: 9.13 mt), mainly due to lower electric steel production following the sale of the Balakovo long bar in July 2019. Share of products with high added value over 9 months 2020 remained high at 45%. The share of sales in the domestic market was 58%, which is lower than the indicator for 2019 (9M 2019: 67%). This is due to the weakening of demand in the domestic market after reaching peaks in the previous year, as well as the sale of the Balakovo long-range mill, which was mainly focused on sales to Russian customers. Average sales prices for steel products decreased over 9 months. 2020 from 10 to 19% over the same period last year, depending on the product category, following global trends.PAO Severstal has reported its operating results for the third quarter and nine months of 2020. The volume of pig iron production increased to 2.40 million tonne as compared to 2.33 million tonne in Q2 of 2020 due to the completion of short-term blast furnace repairs in the previous quarter. Steel production increased by 3% to 2.89 million tonnes due to an increase in pig iron production. Consolidated sales of steel products increased in Q3 of 2020 by 18% QoQ to 3.01 million tonnesdue to increased steel production, a decrease in the share of export sales with long lead times, and a decrease in inventories. The company increased its share of sales of steel products in the domestic market to 63% due to the recovery of domestic consumption in Russia in Q3. 2020. The share of HVA products was 49%, driven by deferred demand for HVA products and a decrease in stocks compared to the previous quarter. Sales of coking coal concentrate at Vorkutaugol decreased by 5% qoq to 1.22 million tonnes due to lower concentrate production and reduced rock mass production at the Zapolyarnaya mine. Iron ore pellet sales increased by 3% qoq to 2.61 million tonnes (Q2 2020: 2.53 million tonnes), reflecting an increase in iron ore pellet production and a decrease in inventories. Iron ore concentrate sales increased 3% to 1.96 mt (Q2 2020: 1.90 mt), driven by increased production at Karelsky Okatysh and Olkon.

Pig iron production volume for 9 months 2020 remained virtually unchanged compared to the same period last year and amounted to 7.14 million tons (9 months of 2019: 7.13 million tons). Steel production decreased to 8.55 mt (9M 2019: 9.13 mt), mainly due to lower electric steel production following the sale of the Balakovo long bar in July 2019. Share of products with high added value over 9 months 2020 remained high at 45%. The share of sales in the domestic market was 58%, which is lower than the indicator for 2019 (9M 2019: 67%). This is due to the weakening of demand in the domestic market after reaching peaks in the previous year, as well as the sale of the Balakovo long-range mill, which was mainly focused on sales to Russian customers. Average sales prices for steel products decreased over 9 months. 2020 from 10 to 19% over the same period last year, depending on the product category, following global trends.

Source : STRATEGIC RESEARCH INSTITUTE
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ArcelorMittal lost deel obligaties vervroegd af

FONDS KOERS VERSCHIL VERSCHIL % BEURS
ArcelorMittal
11,844 0,076 0,65 % Euronext Amsterdam

(ABM FN-Dow Jones) ArcelorMittal heeft een deel van twee obligaties ter waarde van in totaal circa 1,25 miljard euro vroegtijdig afgelost. Dit maakte de staalreus woensdagochtend bekend.

In totaal werd er voor ongeveer 400 miljoen euro in contanten afgelost. Onder de lening met een coupon van 3,125 procent en een looptijd tot januari 2022 staat daardoor nog een bedrag van 486,4 miljoen euro open.

Onder de andere obligatie, met een looptijd tot januari 2023 en een coupon van 0,95 procent staat nog 366,9 miljoen euro uit.

Door: ABM Financial News.
info@abmfn.nl
Redactie: +31(0)20 26 28 999

© Copyright ABM Financial News B.V. All rights reserved.
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ArcelorMittal Europe to Produce Green Steel Starting in 2020

ArcelorMittal Europe announced details of the CO2 technology strategy that will enable it to offer its first green steel solutions to customers this year, 30,000 tonnes), scale up this offering in coming years to reach 120,000 tonnes in 2021 and 600,000 tonnes by 2022, deliver its 30% CO2 emissions target by 2030, and achieve net zero by 2050. The strategy is centred around two main technology routes, as introduced in the first ArcelorMittal Europe climate action report published earlier this year:
The use of hydrogen in DRI-EAF and, also, the blast furnace
The expansion of its Smart Carbon route, also utilising hydrogen

Hydrogen plays a central role in the company’s decarbonisation strategy. ArcelorMittal Europe is developing a series of industrial-scale hydrogen projects for use in blast furnace-based steelmaking that will start to deliver substantial CO2 emissions savings even within the next five years, as well as progressing a project to test the ability of hydrogen to reduce iron ore and form DRI on an industrial scale.

Ultimately to reach zero, this hydrogen will need to be ‘green’ (produced via electrolysis which is powered by renewable electricity). ArcelorMittal is therefore developing new facilities to produce green hydrogen using electrolysers. Teams at ArcelorMittal Bremen in Germany are working on the first large-scale deployment of this technology which can then be deployed in both the blast furnace and the DRI-EAF route. Previously, this emerging technology has only been tested at small pilot plants in Europe.

1. Hydrogen and the blast furnace

ArcelorMittal Bremen
By installing an electrolyser, hydrogen can be produced and injected in large volumes into the blast furnace tuyeres. The project will reduce the volumes of coal needed in the iron ore reduction process, thereby cutting CO2 emissions.

IGAR in Dunkirk
At ArcelorMittal Dunkirk, the company is developing a hybrid blast furnace process, which involves using DRI gas injection technology in the blast furnace shaft as well as using gas injection in the blast furnace tuyeres, using plasma technology to create a reducing gas. This is the first large-scale implementation of what is essentially a hybrid BF/DRI technology. In due course it will enable green hydrogen to be injected into the blast furnace as it becomes available.

Blast furnace injection across Flat Products sites
ArcelorMittal Europe is also implementing projects in almost all its Flat Products sites to use gases from different sources for blast furnace injection. Injecting hydrogen-rich coke oven gas is an efficient, cost effective method that allows steelmakers to reduce CO2 emissions now. ArcelorMittal Asturias has the most advanced coke oven gas project, with injection of grey hydrogen (hydrogen that has been recovered from gases including natural gas and coke oven gas) due to start in early 2021.

2. Hydrogen and DRI-EAF

Testing hydrogen to reduce iron ore and form DRI, at ArcelorMittal Hamburg
ArcelorMittal Europe owns Europe’s only DRI-EAF facility in Hamburg, where a project is planned to test the ability of hydrogen to reduce iron ore and form DRI on an industrial scale, as well as testing carbon-free DRI in the EAF steelmaking process.

Large-scale DRI plant being studied for Dunkirk
At ArcelorMittal Dunkirk a study has been launched to build a large-scale DRI plant, combined with an electric arc furnace. Initially, the DRI installation would use natural gas but ArcelorMittal’s unique experience in DRI production, together with the results of the DRI-hydrogen project in Hamburg mean the DRI installation will be fully ‘hydrogen-ready’.

SMART CARBON WITH HYDROGEN

Second Carbalyst plant planned, in Fos-sur-Mer; further CO2 cuts with large electrolyser for hydrogen injection ArcelorMittal is also planning to expand its use of the Smart Carbon technology route. At ArcelorMittal Fos-sur-Mer, France, a study is underway in collaboration with partner Lanzatech, to build a second Carbalyst plant in addition to the one under construction at ArcelorMittal Ghent in Belgium. This involves carbon capture from the blast furnace waste gas, and biologically converting it into ethanol for use as a biofuel or recycled carbon feedstock for the chemical industry. In parallel with the company’s electrolyser project in Bremen, the Carbalyst plant in Fos-sur-Mer will boost CO2 savings through hydrogen injection, supplied by a large-scale electrolyser that will produce the hydrogen locally from renewable electricity.

Source : STRATEGIC RESEARCH INSTITUTE
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AM/NS India to Expand Hypermart Retail Chain to 50 Outlets

AM/NS India is relaunching and expanding Hypermart, its national network of retail outlets that serves India’s vast and vibrant MSME segment. AM/NS India aims to expand the network to 50 outlets by the end of next year. Hypermart is an integrated platform for retail, trade and last-mile sales of steel grades for MSMEs across areas such as fabricators, engineering goods and auto components. Hypermart gives manufacturers direct access to AM/NS India products that they are unable to source directly from steel mills. MSMEs also benefit from the platform’s customisation of orders and value-added products that have benefitted from the application of technology and innovation by ArcelorMittal and Nippon Steel, the parent companies of AM/NS India. Hypermart offers new product lines, with improved ease, access, and convenience. With the MSME customer in mind, Hypermart is a one-stop destination to efficiently source a wide range of products.

AM/NS India has revamped Hypermart to support government efforts to revive the economy after the Covid-19 pandemic, with MSMEs’ resumption of activities a key element. Accordingly, AM/NS India has expanded Hypermart’s presence in key MSME hubs such as Hazira, Taloja, Mangalore, Ghaziabad, Hyderabad, Coimbatore, and Bengaluru. Hypermart will soon expand to other MSME hubs such as Ahmedabad, Ludhiana, and Jodhpur.

Hypermart contributes 20% of AM/NS India’s revenues, and this share is expected to rise to 30% with the expansion of the Hypermart network. As MSMEs continue to grow, easy availability of raw materials such as steel will strengthen demand and sustain growth as the Indian economy revives from the pandemic.
Source : STRATEGIC RESEARCH INSTITUTE
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Stelco Completes Blast Furnace Upgrade Project

Canadian steel maker Stelco Holdings Inc announced the successful completion of the Lake Erie Works blast furnace upgrade and reline project and commencement of production. It is expected that the upgrades in our Blast Furnace will result in improved quality, increased hot metal production of up to 300,000 net tons per annum, and a corresponding CAD 30 per net ton reduction in costs to produce our steel coils.

Alan Kestenbaum, Executive Chairman and Chief Executive Officer of Stelco Holdings said "We are extremely pleased with hard work of our employees and contractors on this once in a generation project that we have undertaken in the middle of the global pandemic. We were able to execute this project safely and without any loss of work hours due to COVID-19. As a result of this upgrade and reline project we believe we have created a best-in-class blast furnace at our Lake Erie Works facility".

Source : STRATEGIC RESEARCH INSTITUTE
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ArcelorMittal & Triple M Form Integrated Metal Recycling JV in Canada

ArcelorMittal Long Products Canada and Triple M Metal announced that they are joining forces to offer more choice and services to scrap metal consumers and suppliers. The two companies are today creating a joint venture called Integrated Metal Recycling Inc., which will combine many of the recycling activities of the two partners in Quebec. At ArcelorMittal Long Products Canada, the four Legault Métal sites at Abitibi-Témiscamingue in Quebec acquired by ArcelorMittal in 2019 will now be part of Integrated. At Triple M Metal, the Metrobec sites located in Saint-Hubert in Longueuil in Quebec will also be under the integrated structure.

With this new alliance, recyclers will now have access to more outlets for their scrap metal. Whether to supply ArcelorMittal’s steel mills, Triple M’s aluminum customers or other users of recycled metals, Integrated’s scrap metal needs will be constant and diversified. The joint venture will provide recyclers with increased opportunities to sell their scrap metal on an ongoing basis and build lasting business relationships with a trusted partner. Integrated will also continue to process and add value to nonferrous metals as part of its service offering.

In addition to allowing local recyclers to sell their scrap metal to an established local player, Integrated Metal Recycling is proud to contribute to the circular economy by enabling the recovery of ferrous and non-ferrous metals that find new life in various industrial uses right here in Canada.

Source : STRATEGIC RESEARCH INSTITUTE
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Severstal SMC-Kolpino Supplying Parts for Wind Turbine Towers to Siemens Gamesa

Russian steel maker Severstal’s service metal center SMC Kolpino has started supplying parts for the production of wind turbine towers to Siemens Gamesa Renewable Energy. The total volume of delivery will be about eight thousand tons. The parts will be used at the European division of the company for the production of wind turbines with delivery to the countries of Northern and Central Europe.

Especially for the fulfillment of this order, SMC-Kolpino purchased edge milling machines for removing a double fillet chamfer, which will make the welded seam even. The service metal center was transferred to a round-the-clock operation with the involvement of additional staff.

The main supplier of rolled metal for the manufacture of steel billets is Mill 5000 for the production of rolled pipes of PJSC Severstal, located at the same industrial site with SMC-Kolpino.

Source : STRATEGIC RESEARCH INSTITUTE
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CSC Hikes November Steel Prices by 5%

Taiwanese steel giant China Steel Corp has raised domestic steel prices by an average 5.02 percent for delivery in November and said it expects price hikes to extend into December amid increasing demand, matching an uptrend in global steel prices. The price of hot-rolled plate is to rise by NTD 1,100 per tonne, while that of hot-rolled and cold-rolled steel are to both rise by NTD 1,200 per tonne. CSC executive vice president and spokesman Hwang Chien-chih said the pricing committee decided to hike prices, as recovering economies in the US and Europe helped boost demand as reflected in a rebound in the purchasing managers’ index, among other factors such as changes in material prices.

The price adjustments also factor in the effects of a strong New Taiwan dollar against the US dollar, the company said.

Source : STRATEGIC RESEARCH INSTITUTE
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Matlloinvest Appoints Mr Ildar Iskalov as Managing Director of Ural Steel

Metalloinvest has appointed Mr Ildar Iskakov as Managing Director of Ural Steel. Mr Iskakov graduated with honours from Magnitogorsk State Technical University in 2002, specialising in ferrous metals metallurgy. From 2002 to 2020, he worked at the Magnitogorsk Iron and Steel Works, working his way up from assistant steelmaker to chief metallurgist of the enterprise.

Ural Steel is an integrated company that operates blast furnace, steelmaking and metal rolling facilities, and is a leading Russian manufacturer of high-quality steel for bridge construction. Over the past 10 years, Metalloinvest has invested over 25bn roubles in the development and modernisation of the enterprise’s production facilities, as well as in projects aimed at minimising the environmental impact of production.

Source : STRATEGIC RESEARCH INSTITUTE
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Chart Industries Acquires Worthington’s Cryogenic Trailer & Hydrogen Trailer Business

Leading independent global manufacturer of highly engineered equipment servicing multiple applications in the Energy and Industrial Gas markets Chart Industries has just revealed it has completed the acquisition of the Theodore, Alabama cryogenic trailer and hydrogen trailer assets of Worthington Industries. This acquisition includes ownership of the Theodore in Alabama manufacturing site, all trailer-related intellectual property, manufacturing capabilities, equipment and repair backlog. The facility has approximately 300,000 square feet under roof adjacent to the Port of Mobile, and the associated employees will join the Chart team.

Chart said this acquisition will produce strong synergies by combining Chart’s deep knowledge of cryogenics and liquid hydrogen storage and handling with the Theodore operation’s expertise and experience in the packaging and assembly of liquid hydrogen trailers.

The addition of the trailer business to Chart’s hydrogen equipment and solution offering expands the company mobile equipment to larger sized transports and brings another location already certified by significant hydrogen customers, the statement continued.

Source : STRATEGIC RESEARCH INSTITUTE
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MMK Trading Update for Q3 & 9M of 2020

Russian steel maker MMK Group reported that pig iron output in July-September 2020 increased by 13.9% QoQ to 2,379 thousand tonnes, driven by the recovery in steel demand and the completion of a major overhaul of Blast Furnace No 2. Steel output was up 22.2% QoQ at 2,882 thousand tonnes due to business activity recovery and the launch of Hot-Rolling Mill 2500 in July after scheduled reconstruction completed in Q2. MMK Group’s total sales of finished products amounted to 2,742 thousand tonnes, up 23.3% QoQ. MMK Group’s sales of HVA products totalled 1,341 thousand tonnes, up 16.5% QoQ. The share of HVA products in total sales amounted to 48.9%. The increase in sales of HVA products in Q3 was driven by business activity recovery in Russia and the seasonal rise in demand for rolled products used in construction. MMK Coal’s coal concentrate production totalled 721 thousand tonnes, up 4.9% QoQ due to higher yields for coking coal and stronger demand for concentrate at MMK.

Pig iron output in 9M 2020 decreased by 7.9% YoY to 6,823 thousand tonnes due to a longer period of scheduled maintenance at blast furnace facilities amid the coronavirus pandemic. Steel output was down 12.0% YoY to 8,263 thousand tonnes, due to a lower consumption of steel during the scheduled reconstruction of Hot-Rolling Mill 2500 and a slowdown in business activity in Q2 2020 due to the pandemic outbreak. MMK Group’s total sales of finished products fell by 9.7% YoY to 7,710 thousand tonnes. HVA product sales dropped by 9.1% YoY to 3,800 thousand tonnes. The share of HVA products in total sales decreased marginally to 49.3%. Coal concentrate output in 9M 2020 amounted to 2,222 thousand tonnes, up by 17.4% YoY, due to the completion of a beneficiation plant upgrade, which took place throughout 2019.

Source : STRATEGIC RESEARCH INSTITUTE
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GFG Alliance Attracts Top Executives to Global Advisory Board

Sustainable industry leader GFG Alliance announced the launch of a Global Advisory Board whose world-leading industry experience and insight will guide the company in delivering its strategic priorities and achieving best practice in Environment, Social and Governance, particularly towards its Carbon Neutral 2030 target. GFG Alliance has appointed the board following the consolidation of its businesses into three industry brands; LIBERTY Steel Group, ALVANCE Aluminium Group and SIMEC Energy Group, as it continues its drive to improve governance, transparency and independent advisory structures across the group. GFG announced that it has attracted 17 experts across industry, politics, economics and law, who will help shape GFG Alliance’s strategy to transform industrial manufacturing and become carbon neutral by 2030 CN30. The board will be divided into five regional sub-groups reflecting GFG Alliance’s key markets in Australia, India, continental Europe, the UK and the Americas - which will meet four times a year. The full board will meet every year under the Presidency of Mark Elborne, former CEO and President, GE UK and Ireland, and hold informal group discussions each month.

Sanjeev Gupta, GFG Alliance’s Executive Chairman, said “The Global Advisory Board’s depth and breadth of expertise will be enormously valuable to GFG Alliance’s future by providing independent strategic advice and guidance particularly as we reinforce our commitment to Environment, Social and Governance and continue to improve transparency across the group. We’re delighted to have made a great start in securing high-quality members who will guide us on best practice and in meeting our industry-leading target of becoming carbon neutral by 2030. We will be building out the Board’s expertise further and look forward to welcoming new members.”

Voor namen, zie pdf.

Source : STRATEGIC RESEARCH INSTITUTE
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Ford Selects ArcelorMittal as Sole Gen 3 Steel Supplier for 2021 Bronco

After years of thorough research, perseverance and strong customer relationships, ArcelorMittal’s Fortiform 980 GI has been selected as the sole source of 3rd generation advanced high-strength steel Gen 3/HF for the revitalized 2021 Ford Bronco. This sporty vehicle will be the first automobile in the world to incorporate this grade of steel, which is made at AM/NS Calvert in Alabama. Ford’s main objectives were to create a lightweight and safe vehicle and the company enlisted ArcelorMittal to achieve these critical goals.

ArcelorMittal’s co-engineering capabilities, which fostered the close collaboration between ArcelorMittal R&D and Ford’s design and welding experts played a pivotal role in this project. The R&D team also worked closely with the joint venture partners at AM/NS Calvert as the steel is made on their upgraded line.

It has been 50 years since a new model of the Ford Bronco hit the roads, but the automotive community is already giving the off-roading vehicle high marks. The sleek aesthetics of the vehicle, coupled with its ability to navigate difficult terrain, has been a big draw. In fact, there are already 150,000 preorders, despite the poor economy. Although a crash analysis has only been simulated on a computer, experts believe the 2021 Bronco could receive an IHSS Safety Pick+.

The expected production date is scheduled for February 2021 and the new Broncos will be available in showrooms beginning in Q2 2021.

Source : STRATEGIC RESEARCH INSTITUTE
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Vertraagd 1 dec 2020 17:37
Koers 16,270
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