Nieuws en info hier plaatsen (deel 4)

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Hyundai Steel Reports Net Loss in Third Quarter

South Korea’s second largest steelmaker Hyundai Steel has reported a net loss in the third quarter on falling revenue, through it is predicting a return to profit in the final quarter. Its revenue in the July-September period stood at KWR 4.46 trillion won (USD 3.96 billion), down 11.6 percent on year. It reported a net loss of KWR 44.7 billion, down 32 percent on year. Its operating profit inched down 2.1 percent on year to KWR 33.4 billion. Revenue was up 8.5 percent on quarter, and its operating profit was up 139 percent quarter-on-quarter. Net loss expanded by 245.5 percent.

Source : STRATEGIC RESEARCH INSTITUTE
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Algerian-Qatari Steel Minimill Complex for Long Products

The new minimill steel complex at Algerian-Qatari Steel is a main EPC project executed by Danieli, consisting of two meltshops and fume-treatment plants, two bar rolling mills, one wirerod mill, two water-treatment plants and auxiliaries. Located in the industrial area of Bellara, in the Willaya of Jijel, Algeria, the complex has been started up gradually and now it is in production. Conticaster #1 and rolling mill #1 are operating in hot-charge mode. The AQS complex consists of two AC electric arc furnaces, two ladle furnaces, and two continuous casting machines feeding the downstream rolling mills. The fully operational plant will produce more than 2 million tons of liquid steel per year for production of rebars and wirerod.

The steelmaking plant was developed for a unique, double-bay layout: one bay is dedicated to primary metallurgy and the other one to secondary metallurgy. The concept is to give full flexibility for casting from either of the two casters with liquid steel from EAF #1 or EAF #2.

The two 120-ton EAFs are equipped with the latest Danieli technological packages, to establish high process efficiency (electrical consumption to equal 395 kWh/t and 35 Nm3/tO2) and achieve 38 minutes of tap-to-tap with 100% Hot DRI charge, minimizing operator intervention and increasing the overall safety condition in line with the most recent Industry 4.0 capabilities.

The two five-strand casters are equipped one with EcoPower® mould and one with conventional curved tubular mould, and both use FastCast Cube® oscillating units to cast 150-mm square billets ensuring high productivity and low operating costs. The CCMs also are ready for future installation of technological packages for submerged casting and electromagnetic stirring.

The three rolling mills have the following main characteristics:
750,000 tpy of rebars and smooth rounds from dia. 16 to 40 mm, at a maximum speed of 18 m/s (bundles weighing up to 4.500 kg)
500,000 tpy of wirerod, from dia. 5.5 to 2x16 mm, at a maximum speed of 110 m/s (coil weights up to 2,000 kg)
750,000 tpy of rebars from dia. 8 to 16 mm., at a maximum speed of 40 m/s (bundles weighing up to 4,500 kg)

All rolling mills are equipped with an automated in-line quenching system (QTB/QTR) that can treat the product, ensuring constant mechanical and structural properties in accord with international standards.

Source : STRATEGIC RESEARCH INSTITUTE
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NLMK to Enhance Quality of Pre-Painted Steel

NLMK Lipetsk has commenced a project to overhaul its pre-painting line PPL-1 with a productivity of 195,000 tonnes of pre-painted steel per year. This upgrade will enable the company to increase strip quality, double the output of premium pre-painted steel grades, and reduce production costs. The line overhaul will include the installation of a more energy-efficient water cooling system. Additionally, the PPL will be equipped with thickness meters to control the thickness of the polymer coating applied. Currently, this indicator can only be measured in a laboratory setting after the process cycle is complete.

The project is implemented jointly with the Italian DANIELI. Work is currently underway to develop the design documentation. Construction and installation will begin in March 2021 and take approximately two months. Investment in the project will exceed RUB 500 million.

Source : STRATEGIC RESEARCH INSTITUTE
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Automotive Steel Industry Experts Honored By Auto/Steel Partnership

Thirty-six individuals representing steel producing companies and automakers were recognized today during the Award of Excellence presentation as part of the Tech Day 2020 event sponsored by Auto/Steel Partnership. Auto/Steel Partnership Executive Director Michael Davenport said "The Auto/Steel Partnership succeeds because of innovation through collaboration. The Excellence awards acknowledge those from the consortium who have demonstrated this skill and the winners were chosen by their peers in the automotive and steel industries as leaders in their field. Their outstanding contributions continue to move A/SP and the industry forward."

Award selections were based on A/SP project work conducted over the past year and voted on by the Joint Policy Council of the Partnership. Criteria included demonstrating technical expertise necessary to execute or significantly contribute to project results with excellence and on time.

Certificates and trophies were awarded to:

Individual Category
1) I Iassan Ghassemi-Armaki, ArcelorMittal
2) Evangelos Liasi, Ford Motor Company
3) Joseph Polewarczyk, General Motors Company

Most Valuable Player Category
1) J.P. Singh, General Motors Company
2) Thomas Stoughton, General Motors Company
3) Dajun Zhou, FCA US LLC

Project Team Category
Joining Team, Project Team Members:
1) I Iassan Ghassemi-Armaki, ArcelorMittal, Team Lead
2) Sheshadri Anantharam, FCA US LLC
3) Adam Ballard, General Motors Company
4) Constantin Chiriac, Ford Motor Company
5) Steven Cipriano, General Motors Company
6) Ted Coon, Ford Motor Company
7) Mark Fistler, FCA US LLC
8) Dean Kanelos, Nucor Corporation
9) I Iamid Keshtkar, FCA US LLC
10) Qaiser Khan, ArcelorMittal
11) Srinath Kistampally, Martinrea International
12) Shawn Kruczyk, Martinrea International
13) I Iokook Lee, POSCO America
14) Bryan Macek, FCA US LLC
15) Narayan Menon, FCA US LLC
16) Vincent Millioto, Martinrea International
17) Andrea Orr, Ford Motor Company
18) Michael Palko, Ford Motor Company
19) Juan Pablo Pedraza, Ternium
20) Robert Ruokolainen, FCA US LLC
21) Michael Shaw, FCA US LLC
22) J.P. Singh, General Motors Company
23) Mohan Subramanian, AK Steel, A Cleveland-Cliffs Company
24) Weiping Sun, Nucor Corporation
25) Zhenke Tong, General Motors Company
26) Bill Trojanowski, FCA US LLC
27) Zhifen Wang, ArcelorMittal
28) Tingting Zhang, General Motors Company
29) Eduardo Zuniga, Ford Motor Company

Key Collaborator Category
1) Michael Worswick, University of Waterloo

Auto/Steel Partnership is a consortium of the American Iron ami Steel Institute's Automotive Applications Council, FCA US LLC, Font Motor Company, General Motors Company, and tier one Affiliates. Members of the Partnership leverage shared research in a pre-competitive environment as they work together to identify industrial solutions. Project teams within the Partnership conduct real-time studies in vehicle design applications using steel.

Source : STRATEGIC RESEARCH INSTITUTE
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SEASI Commentary on Steel Import & Export in ASEAN-6

SEASI announced that ASEAN has been importing the bulk of finished steel, registering around 50 million tonnes a year while export was as low as 7-8 million tonnes a year. However, in recent years, the region’s finished steel export surged double in volume to 15 million tonnes in 2019. Generally, most of the export from the region were bar and wire rod and the major market for the products are ASEAN-4 mainly Brunei, Cambodia, Laos and Myanmar. Amidst the shortage of semi-finished products, export of the products from the region appeared to increase significantly in 2019 and 2020. Apart from ASEAN-4 countries, China has become a major market for both semi-finished steel and long steel for ASEAN-6.

Vietnam - Vietnam’s market for steel is 24 million tonnes in 2019. The country’s long steel demand is covered by local producers. Long steel import registered around 2 million tonnes a year and exports were as low as 300,000 -400,000 tonnes a year. Vietnam is the largest steel exporter among the 6 countries. Vietnam’s steel export volume gradually increased to 1 million tonnes in 2017 and 2 million tonnes in 2019. Nearly half of the export is wire rod, followed by bar and sections. Vietnam exported wire rod and bars to various countries, mainly within ASEAN-10 countries. Cambodia seems to be the largest market for Vietnam’s long steel export, at 400,000 tonnes for wire rod and 600,000 tonnes for bars in 2019, followed by the export to Thailand and Afghanistan. Export volume to Cambodia continued to increase significant to 286,000 tonnes in the first seven months of 2020 for wire rod and 377,000 tonnes for bar during the same period. As for flat steel export in Vietnam, half of the volume of the export is coated sheet, around 2 million tonnes in 2019, followed by welded pipes (852,000 tonnes), cold rolled coil (843,000 tonnes) and hot rolled coil (767, 000 tonnes). The main market for these product are within ASEAN-6 countries. USA, Canada and Pakistan are also the major destinations for Vietnam’s flat steel. Within the ASEAN-6 destinations, Indonesia, Malaysia and Thailand are the main market for Vietnam’s flat steel. Export volume for flat steel declined slightly in the first seven months of 2020.

Indonesia - Indonesia’s steel market is 16 million tonnes in 2019. Indonesia steel demand for both long and flat are largely covered by local producers. However, import of flat steel are still significant, at around 5-6 million tonnes a year. Indonesia is the second largest exporters among the group. As for export, Indonesia’s export of long steel is as low as 200,000-300,000 tonnes a year. However, export of bar increased significantly in 2020, more than half of the export was to Myanmar. Export of seamless pipes appeared to be significant. Major markets are Kuwait UAE and Singapore, which are the main markets for oil & gas industry. The big market for wire rod export in Indonesia is Bangladesh and Australia. Export of flat steel continued to increase from the low base of 600,000 tonnes to 2 million tonnes in 2018 and 3 million tonnes in 2019. A bulk of the export is hot rolled coil (1.8 million tonnes in 2019), followed by hot rolled plate (778,000 tonnes) and cold rolled coil (390,000 tonnes). 80-90% of hot rolled coil and cold roiled coil export are stainless steel products. Taiwan, Malaysia and China are target market for the product. The export of stainless steel emerged in Indonesia in recent years after the start-up of Tsingshan Steel in Sulawesi Indonesia. Export of stainless HRC in Indonesia declined from 914,000 tonnes in the first seven months of 2019 to 717,000 tonnes in the same period of 2020. Major market destinations are Taiwan, Vietnam, south Korea and Malaysia. Indonesia’s export of stainless cold rolled coil increased 9% y-o-y to 275,000 tonnes in the first seven months of 2020. China remained the largest market (nearly half of the total volume), followed by south Korea and Italy.

Malaysia - Total steel market in Malaysia registered 9.2 million tonnes in 2019. Similar to other countries in ASEAN-6, long steel demand is largely covered by local producers. However, import of long steel still registered a significant volume of around 2-3 million tonnes a year. Malaysia was not a major exporter for both long and flat steel until in 2019. Malaysia’s long steel export registered a low base at 300,000-400,000 tonnes a year. However, the volume jumped to 1.9 million tonnes in 2019, 70% of which is the export of wire rod. Major market of wire rod export in Malaysia are China and ASEAN-6 countries, in a total of 1.3 million tonnes in 2019 and nearly 2 million tonnes in first seven months of 2020. Wire rod export from Malaysia to China was half of the total export volume, followed by export to Philippines and other ASEAN-6 countries. Bar export registered 324,000 tonnes in 2019 and the volume jumped to a million tonnes in the first seven months of 2020. Export to China was more than 80% of total bar export, followed by the export to Myanmar.

All in all, Vietnam, Indonesia and Malaysia are emerging exporters for finished steel. Vietnam and Indonesia focus more on export of flat steel while Malaysia is emerging export of long steel, especially wire rod and bar. Major markets for flat steel export are the ASEAN-6 countries, China, Taiwan. Emerging markets for the flat export also include Pakistan, Myanmar and India. Cambodia and Myanmar are the largest market for bar and wire rod, especially the export from Vietnam and Malaysia. Apart from ASEAN-6 itself, Bangladesh and Kuwait appear to be major markets for long steel export from the region.

Source : STRATEGIC RESEARCH INSTITUTE
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US Steel Imports in 9 Months Shrink by 22% YoY

Based on preliminary Census Bureau data, the American Iron and Steel Institute reported that the US imported a total of 1,255,000 net tons of steel in September 2020, including 1,166,000 net tons of finished steel down 2.8% and 1.1%, respectively, vs. August final data. Through the first nine months of 2020, total and finished steel imports are 17,646,000 net tons and 12,367,000 net tons, down 21.9% and 26.7%, respectively, vs. the same period in 2019. Annualized total and finished steel imports in 2020 would be 23.5 and 16.5 million NT, down 15.8% and 21.7%, respectively, vs. 2019. Finished steel import market share was an estimated 16% in September and is estimated at 18% over the first nine months of 2020.

Key finished steel products with a significant increase in imports in September compared to August are heavy structural shapes up 114%, hot rolled sheets up 41%, plates in coils up 28%, sheets and strip all other metallic coatings up 19%, tin plate up 11% and sheets and strip hot dipped galvanized up 10%.

In September the largest volumes of finished steel imports from offshore were from South Korea 124,000 net tons up 11% from August final, Taiwan 58,000 net tons up 73%, Japan 57,000 net tons up 28%, Germany 52,000 net tons up 3% and The Netherlands 33,000 net tons down 10%. For the first nine months of 2020, the largest offshore suppliers were South Korea 1,519,000 net tons down 26% vs. the same period in 2019, Japan 586,000 net tons down 42%, Germany 525,000 net tons down 37%, Taiwan 463,000 net tons down 37% and Turkey 427,000 net tons up 65%.

Source : STRATEGIC RESEARCH INSTITUTE
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Synalloy Appoints Mr Chris Hutter as Interim CEO

Synalloy Corporation announced that Mr Craig Bram will retire as President and Chief Executive Officer and as a member of the Synalloy’s Board of Directors, effective as of the filing of the Company third quarter Form 10-Q, currently expected to be on November 9, 2020. Mr Christopher Hutter, a current member of the Board of Directors, has been appointed as the Company’s Interim President and Chief Executive Officer.

Mr Chris Hutter is the Co-Founder and Manager of UPG Enterprises LLC, a successful high-growth operator of eight premier industrial companies across the metals, manufacturing, distribution and logistics sectors. UPG was founded on the premise that focusing on culture, respect, technology and growth creates a best-in-class organization. Chris received a Bachelors of Science in Finance from the University of Illinois Urbana-Champaign and a MBA in Finance from Lewis University.

Source : STRATEGIC RESEARCH INSTITUTE
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Indian Steel Production Shrinks by 25% in H1 of 2020-21

Reuters, citing government data, reported that China was the top foreign buyer of Indian steel between April and September, accounting for 1.9 million tonnes, cornering 29% of India's finished steel exports, which hit their highest in at least six years at 6.5 million tonnes because of the coronavirus pandemic, domestic demand for steel has been weak, and producers have been offloading their surpluses to Chinese buyers.

Indian steel consumption fell to its lowest in at least six years during April-September at 35.86 million tonnes, while finished steel production also fell, by 25%, to 38.6 million tonnes.

Source : STRATEGIC RESEARCH INSTITUTE
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Overseas Plants of Tata Steel Back To High Utilisation

IANS reported that Tata Steel CEO & Managing Director Mr TV Narendran said that Tata Steel has returned to 100 per cent capacity utilisation in India and its overseas plants are also getting closer to normal production. Mr Narendran said that while the company’s plants in India, Singapore and Thailand were nearly at full utilisation, its UK and Netherlands plants were back to 70-80 per cent production.

He said “Steel sale in India may be lower by 20 per cent at present but China’s rapid recovery has helped global steel industry. Tata Steel and other Indian steel makers were able to recover after initial lockdown by exporting steel to China, which recovered sharply after April. However, with China’s own steel production coming back and India’s domestic demand for steel recovering, Tata Steel is no longer exporting to China.”

Source : STRATEGIC RESEARCH INSTITUTE
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EU28 Apparent Steel Consumption in Q2 of 2020 Shrinks by 25%

European Steel Association EUROFER in Economic market report Q4 2020 said that EU28 apparent steel consumption fell (-25.51) year-on-year in the second quarter of 2020 (that is for the sixth consecutive quarter, after a drop (-12%) in the first quarter) and amounted to 29.6 million tonnes. The figure for the second quarter 2020 is the reflection of the unprecedented deterioration in steel demand due to the heavy disruption brought by the Covid-19 pandemic, in addition to the negative factors that had materialised in the preceding quarters and had already led to a sharp reduction in steel consumption.

As a result the continued downturn in steel demand led to the seventh consecutive fall year-on-year in domestic deliveries in the EU in the second quarter of 2020 (i.e. -28.6%, steeper than -8.2% recorded in the first quarter). After a considerable drop (-20%) in the first quarter of 2020, the downward trend in imports from third countries continued in the second quarter of 2020, with a year-on-year fall (-16.7%). This equated with 7.1 million tonnes in absolute volumes, accounting for 2A% of EU steel demand (in historical terms, slightly up from 25.5% in the first quarter of 2018).

As in preceding quarters, developments in total imports continued to conceal some distortions at the individual product level. These continued to be linked to the design of the current safeguard mechanism, and which has resulted in a rush to maximise quarterly quota allowances by several key exporters to the EU, such as Turkey and China. Despite the current uncertainty on the magnitude and the length of the COVID-19 outbreak, whose length and intensity are unprecedented, it is expected normal market conditions will at some point be restored and steel demand will pick up again. The main challenge is that persistent import pressure - resulting from continued stockpiling and capacity expansion by major non-EU exporting countries - will, in essence, penalise EU steel producers.

Although the wide uncertainty and the unprecedented nature of the crisis has made it more complicated than ever to produce reliable forecasts, at the time of writing we assume that market conditions are not expected to improve before early 2021.

Lockdown measures have (at the time of writing) been removed or considerably eased almost everywhere in the EU, allowing restart in automotive and other sectors, but the level of orders and normal business confidence are far from being restored. In addition, the pandemic-led contagion has started to rise significantly again in most EU countries in recent weeks and there are serious concerns about new measures that may considerably limit economic activity. A key role will also be played by governments' ability to alleviate the huge economic and social costs of the pandemic so as to support demand.

However, if and when the economy returns to normal conditions, all the downside risks that had considerably weakened steel-using sectors and steel demand during 2019 will still be there, namely import distortions and continued global overcapacity and weakness in the global manufacturing cycle. Restarting normal industrial activity after the end of the pandemic - when, is unknown at the moment - will not lead to a rapid return to usual output volumes. Consumer demand, due to the huge social disruption caused by the pandemic, is set to remain depressed throughout 2020 and up to early 2021; it will take time before the end of industrial lockdown leads to substantial output increases.

Source : STRATEGIC RESEARCH INSTITUTE
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VSA Sees Positive Signs for Steel Industry in Vietnam

VNS/VNA reported that while production and consumption of building materials started resuming in Vietnam at the end of the third quarter this year as lots of construction works were speeding towards completion, local producers have been warned to watch the market to avoid a possible surplus. Vietnam Steel Association Vice Chairman Trinh Khoi Nguyen in a recent seminar said that “Though the impact of the COVID-19 pandemic made great difficulties for the production and consumption of steel products, making many local producers not achieve the same growth rate as in previous years, there have also been good signs for the industry in the period. The drastic direction of Prime Minister Nguyen Xuan Phuc on speeding up the public investment projects will be actively implemented and make the local industry rise. If that workload is accelerated at the end of the year, it will surely have a positive impact on the recovery and growth of the building materials industry, the steel industry included.”

According to the VSA, both production and consumption of steel products increased in the first nine months of the year when production reached 18.34 million tonnes, from 17.46 million tonnes from the last same term in 2019.

Source : VNS/VNA
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Hoa Phat Commissions Converter Meltshops Supplied by SMS Group

At Hoa Phat Group in Vietnam, a consortium consisting of WISDRI Engineering & Research Incorporation Ltd and SMS group has successfully completed the commissioning of the last one of a total of four new converters supplied by SMS group. The two converter meltshops last commissioned are designed for an annual production of four million tons of liquid steel. SMS group has in total supplied four 120-ton BOF converters with oxygen lance systems, sublance systems, refractory lining devices, converter tilt drives, the maintenance-free lamella suspension systems developed by SMS group and P3S pneumatic slag stopper systems. All four of the converters are equipped with an SMS group-designed primary gas dedusting plant using dry electrostatic precipitators. The converters, trunnion rings, converter tilt drives and parts of the dedusting plant were manufactured in an SMS group workshop. The converter meltshop is equipped with X-Pact electrical and automation systems.

With X-Pact Process Guidance, an intelligent operator guidance system, Hoa Phat has in place a new automation standard developed by SMS group, ensuring uninterrupted operation thanks to the effective process-orientation of the system. The core element of this system is the user interface designed to enable immediate interaction between the user and X-Pact® Process Guidance.

The SMS group scope of supply also included engineering, supervision of erection and commissioning as well as training of the customer's personnel.

Source : STRATEGIC RESEARCH INSTITUTE
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Gerdau Reports Results for Q3 of 2020

Brazilian steel maker Gerdau SA announced resuts for Q3 of 2020. The consolidated EBITDA increased 46% in the third quarter compared to 3Q19 and amounted BRL 2.1 billion. In 3Q20, the net profit totaled BRL 795 million, up 95% compared to third quarter of 2019. In 3020, crude steel production grew in relation to both 2020 and 3019 due to the recovery of economic activity in the various countries where the company operates. 2020 was marked by shutdowns at certain industrial units due to the impacts from the covid-19 pandemic. Steel shipments in 3020 grew in relation to 2020 and 3019, led by shipments to the domestic market in the Brazil BD supported by the robust recovery of the construction industry.

Net sales in 3020 accompanied the growth in shipments in relation to both 2020 and 3019. Net sales in the period were mainly influenced by the 36% Brazilian real depreciation against the US dollar in the last 12 months, which had a positive effect on the translation of net sales from our operations in the North America BD.

Source : STRATEGIC RESEARCH INSTITUTE
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EUROFER Welcomes Fight against Global Steel Excess Capacity

The EU, along with 29 members of the Global Forum on Steel Excess Capacity, has called upon G20 leaders to address the massive global excess capacity in steel production. This Ministerial Statement comes ahead of the G20 leaders’ Virtual Summit in Riyadh on 21-22 November. EUROFER welcomes the leadership of the EU and the European Commission. European Steel Association EUROFER Director General Mr Axel Eggert said “Even the COVID pandemic did not stop global excess capacity built up in the steel industry. In 2020 new steelmaking capacity is coming online despite existing excess steel capacity around the globe. Only the EU has significantly reduced capacity over the past decade, cutting by over 22 million tonnes. Work must continue to bring down this massive economic distortion. We, therefore, welcome the guidance and leadership the EU and the European Commission are demonstrating in the Global Forum on Steel Excess Capacity.”

This trend of reduced production capacity continues in 2020 due to third country steel trade distortions leading to closures and thousands of jobs losses in otherwise competitive, modern, and innovative EU steel companies. Excess capacity leads to production of steel that is then dumped on global markets, particularly the EU’s, collapsing prices, costing jobs, undermining investment, and unnecessarily harming the environment.

The EU’s call, jointly with the 29 other participating members of the GFSEC forum, comes less than a week after national and regional steel associations, including EUROFER, had urged the GFSEC to expand efforts to address the growing steel crisis.

Source : STRATEGIC RESEARCH INSTITUTE
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Turkey Advises Countries to Collaborate on Steel Industry

Turkish media reported that the Turkish trade minister has asked countries to collaborate widely against steel measures and precautionary policies that disturb the normal flow of trade. Speaking to the Global meeting on Steel Excess Capacity Ministerial gathering via videoconference, Ms Ruhsar Pekcan stated "Unfortunately, in recent years, we observe that some major steel producer countries and country groups implement measures that disrupt the normal flow of trade and cause barriers to imports. In this regard, we should cooperate more comprehensively against these unfair measures and focus our attention on the main root cause of the problem."

Highlighting that coronavirus put a danger of increasing protectionist tendencies, Pekcan proposed that steel sector strategies should be driven by market forces.

Source : STRATEGIC RESEARCH INSTITUTE
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Tata Steel Packaging Appoints Mr Luc Brantjes as Sales Director

Mr Luc W Brantjes has been appointed sales director for Tata Steel’s packaging sector. He began his career with Hoogovens in the late nineties; proceeding on to Tata Steel’s packaging sector where he spent a subsequent six years as account manager and commercial manager. ollowing a variety of management roles within Tata Steel, Luc returned to the company’s packaging sector in 2008 as commercial director, and as part of the leadership team. In 2012 he became pricing director where he was tasked with creating a common approach to pricing across Tata Steel in Europe- an approach very much aligned to customer needs and market specific drivers. Immediately prior to this latest appointment, Luc was responsible for sales in Tata Steel’s engineering sector which spans heavy vehicles, radiators, drums, re-rollers, European OEMs customers and all independent Steel Service Centres.

Luc is a graduate of Amsterdam University where he studied Business Economics. Married with three daughters, he is a keen sportsman, cook and gardener.

Source : STRATEGIC RESEARCH INSTITUTE
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Acerinox NAS Stainless Steel Clads National Museum in Washington DC

North American Stainless, the Acerinox Group's stainless steel plant in the US, has supplied the material for the construction of more than 10,000 square metres of panels that have been used to clad the building complex of the National Museum of the United States Army in Fort Belvoir, on the outskirts of Washington DC. The museum, which will open soon to the public, stands out for its clean and futuristic design thanks in part to the stainless steel cladding made from NAS T316L sheets. The museum has been designed by the renowned architecture firm Skidmore, Owings & Merri, and will be considered one of the Army’s National Landmarks.

The stainless steel manufactured by NAS was treated with an additional satin polish to reduce reflectance. NAS supplied the material in 3 millimetre thick coil form, which, for its installation, was cut into panels of 1 metre wide and 6 metres long. The decision to manufacture the panels in Stainless Steel T316L was the result of needing to meet strict requirements related to corrosion resistance, and for its excellent thermal stability and state-of-the-art aspect.

Even though construction of the complex has only recently been completed, the project has already received recognition from the prestigious magazine ‘Metal Architecture Magazine’ for the best project in its category.

The building complex, which includes galleries, retail space, theatre, and Veterans halls, will host exhibitions highlighting the 244 years of history of the US army. In addition, the museum will offer educational experiences illustrating the various facets of today’s Army, including the defence of the nation, humanitarian missions and technological advances.

Source : STRATEGIC RESEARCH INSTITUTE
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ThyssenKrupp’s Carbon2Chem to Move to Second Project Phase

The Carbon2Chem project initiated by thyssenkrupp is moving into its next phase. Involving 16 further partners the project, which is funded by the German Ministry of Education and Research, has over the past four years gathered fundamental insights into the conversion of steel mill process gases into chemical products. The next step is to extend the solution to other industries, demonstrate its long-term stability and make it ready for the market. To this end, Federal Minister Anja Karliczek handed over notice of 75 million euros further funding for the period up to 2024.

The BMBF provided more than 60 million euros in funding for the first phase of the project in 2016. Since then, important milestones have been reached: shortly after the pilot plant in Duisburg started operation in March 2018, ammonia, methanol and higher alcohols were successfully produced from steel mill process gases for the first time. In addition to the CO2 from these gases, Carbon2Chem also uses hydrogen. To pave the way for climate-neutral production, a two megawatt alkaline water electrolyzer from thyssenkrupp Uhde Chlorine Engineers was operated in the pilot plant. It was shown that the water electrolyzer could be operated with highly volatile renewable energy without suffering damage. The implementation of chemical synthesis using commercially available catalysts and gas cleaning using commercially available process stages by thyssenkrupp Industrial Solutions is proof of the high technology readiness level of the project. In addition, commercial viability as well as the positive ecological effect were confirmed by all project partners.

In the now launched second phase of the project, the aim is to demonstrate long-term stability in the complex interactions between steel production and chemical synthesis, and show that the Carbon2Chem technology can be upscaled quickly in a cross-industry network. In addition, the focus will be on transferability to other industries besides steel production. To this end, additional sectors are to be included in the project as major CO2 sources – for example cement and lime producers and waste incineration plants. Finally, the second phase of the project will serve to bring the project to market readiness.

The 75 million euros funding from the Federal Ministry of Education and Research paves the way for this next important step.

Carbon2Chem is already an integral part of thyssenkrupp Steel’s strategy for climate-neutral steel production. As well as avoiding CO2 emissions through the use of hydrogen in steel production, the company is banking on the technology to utilize and avoid residual emissions. Carbon2Chem is expected to help reduce CO2 emissions at thyssenkrupp’s steel mill by 30 percent by 2030 on the path to complete climate neutrality by 2050.

Source : STRATEGIC RESEARCH INSTITUTE
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US DOC Issues Preliminary Antidumping Duty on Non Refillable Steel Cylinders from China

US Department of Commerce announced an affirmative preliminary determination in the antidumping duty investigation of non-refillable steel cylinders from China. Commerce preliminarily determined that exporters from China have dumped non-refillable steel cylinders in the United States at margins between 57.83 percent and 114.58 percent. As a result, Commerce will instruct US Customs and Border Protection to collect cash deposits from importers of non-refillable steel cylinders from China based on the preliminary rates noted above.

The petitioner is Worthington Industries (Columbus, OH).

Commerce is scheduled to announce its final determination in this case on or about March 15, 2020.

If Commerce’s final determination is affirmative, the US International Trade Commission will be scheduled to make its final injury determination on or about February 22, 2021. If Commerce makes an affirmative final determination of dumping and the ITC makes an affirmative final injury determination, Commerce will issue an AD order. If Commerce makes a negative final determination of dumping or the ITC makes a negative final determination of injury, the investigation will be terminated and no order will be issued.

In 2019, imports of non-refillable steel cylinders from China were valued at approximately USD 21.5 million.

Source : STRATEGIC RESEARCH INSTITUTE
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Sarda Mines Asked to Stop Iron Ore Dispatch to JSPL

The Pioneer reported that by an order of Joint Director of Mines Joda despatch of iron ore from Sarada Mines Private Limited to Jindal Steel and Power Limited situated at Deojhar near Barbil of Keonjhar has been stopped since October 22 till further orders. Joint Director of Mines Joda Mr Salil Behera said that “A team of State Level Enforcement Squad of the Director of Mines had inspected the mines on October 6. Basing on the observation, he was asked to take action against the lease holder.”

However, sources close to Director of SMPL Mr Arjun Saraswat Sharma revealed that on October 22, a show cause notice was issued to them by the Director of Mines, Bhubaneshwar to submit a reply with regard to irregularities in stacking and sampling in the mines. Simultaneously, another order came from the JDM, Joda to stop the despatch.On the other hand

JSPL sources maintained “They have also an order with them from the Supreme Court dated 30.01.2020 to transport the stock from dismatch point of SMPL. So the order to stop transportation is a violation of SC order.”

Source : THE PIONEER
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Vertraagd 20 jan 2021 15:11
Koers 19,220
Verschil +0,016 (+0,08%)
Hoog 19,418
Laag 19,060
Volume 4.020.299
Volume gemiddeld 7.005.185
Volume gisteren 7.984.322

Brussel real time stocks quotedata by Euronext. Other real time EU stocks, by Cboe Europe Ltd.; US stocks by NYSE & Cboe BZX Exchange, 15 min. delayed
#/^ Index indications calculated real time, zie disclaimer, streaming powered by: Infront