ArcelorMittal LU1598757687

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1. voda 11 december 2020 06:49

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   Primetals Upgrades Arvedi ESP Line at Acciaieria Arvedi in Cremona
   
   In September, the Arvedi Endless Strip Production line at Acciaieria Arvedi in Cremona in Italy was restarted after a major upgrade. The modernization performed by Primetals Technologies included changes to the continuous casting machine, resulting in an increase of mass flow and consequently production capacity. The upgrade is the first step to raise the overall production capacity of the ESP line to 3 million metric tons per year. The measures undertaken will also improve product quality. All modernization work was carried out during planned shutdowns in December 2019 and August 2020, with the ESP line starting up 3 days ahead of schedule. In the first month of operation after re-starting, production exceeded previous levels.
   
   The first pioneering Arvedi ESP line at Acciaieria Arvedi, Italy has been operating for 10 years. Acciaieria Arvedi has gathered much experience of how to improve quality and increase productivity and charged Primetals Technologies with the design, supply and execution of the upgrade. In this context, the metallurgical length of the line´s caster was elongated to 21.8 meters by adding two caster segments, provisions for an additional segment 13 were also made. This allows an increase of casting thickness to 105 millimetres, resulting in a mass flow of 450 tons per hour which is the highest mass flow for a thin slab casting plant worldwide. The required space for the additional segments was obtained by moving the first high reduction mill stand R1 downstream of the original R3 to becoming the new R3 stand. The flexibility to increase the metallurgical length, as well as the option to later move the rolling stand R1 to the R3 position, including foundations, was already foreseen in the original plant design of 2006.
   
   The EAF of the ESP melt shop also received an upgrade and a ladle size increase. Accordingly, the ladle turret was replaced, with a larger unit, including new software features, etc. Improved automation models will give further support to serve a higher value added products market directly from the ESP line.
   
   Acciaieria Arvedi’s ESP line at the Cremona production site is the first Endless Strip Production line in the world and started up in 2009. With its older ISP line Acciaieria Arvedi also operates Europe’s first and the world’s second mini-mill for the manufacture of flat rolled steel. Both lines for the production of steel in the form of hot rolled coils are fitted with their own melt shop for the production of liquid steel.
   
   Source - Strategic Research Institute
2. voda 11 december 2020 06:50

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   US Finished Steel Imports in Jan-Nov 2020 Shrink by 24% YoY
   
   Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis data, the American Iron and Steel Institute has reported that steel import permit applications for the month of November totalled 1,408,000 net tons. This was a 17.2% decrease from the 1,699,000 permit tons recorded in October and a 6.7% decrease from the October final imports total of 1,509,000 net tons. Import permit tonnage for finished steel in November was 1,267,000 net tons, up 1.4% from the final imports total of 1,250,000 in October. For the first eleven months of 2020, total and finished steel imports were 20,564,000 net tons and 14,885,000 net tons, down 22.0% and 24.4%, respectively, from the same period in 2019. The estimated finished steel import market share in November was 18% and is 18% year-to-date.
   
   Finished steel imports with large increases in November permits vs. the October final imports include tin plate up 86%, sheets and strip electrolytic galvanized up 83%, plates in coils up 49%, reinforcing bars up 34%, standard pipe up 23%, sheets and strip all other metallic coatings up 21% and light shapes bars up 21%. Products with significant year-to date increases vs the same period in 2019 include light shapes bars up 24% and tin free steel up 21%.
   
   In November, the largest finished steel import permit applications for offshore countries were for South Korea 146,000 net tons, no change from October final, The Netherlands 82,000 net tons, up 194%, Germany 64,000 net tons, down 5%, Turkey 50,000 net tons, down 27% and China 39,000 net tons, up 22%. Through the first eleven months of 2020, the largest offshore suppliers were South Korea 1,812,000 net tons, down 25% from the same period last year, Japan 695,000 net tons, down 41% and Germany 656,000 net tons, down 32%.
   
   The American Iron and Steel Institute also reported today that for the month of October 2020, US steel mills shipped 6,747,709 net tons, a 1.3 percent increase from the 6,662,904 net tons shipped in the previous month, September 2020, and a 14.7 percent decrease from the 7,914,276 net tons shipped in October 2019. Shipments year-to-date in 2020 is 67,197,068 net tons, a 16.5 percent decrease vs. 2019 shipments of 80,492,022 for ten months. A comparison of October shipments to the previous month of September shows the following changes: hot dipped galvanized sheet and strip, up 3 percent, cold rolled sheet, up three percent and hot rolled sheet, up two percent.
   
   Source - Strategic Research Institute
3. voda 11 december 2020 06:51

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   Danieli HYDRO MAB Burner is a Step Ahead in Green Steel
   
   The new, Danieli Centro Combustion hydrogen multi-air burner operates with a methane and hydrogen mixture to reduce CO2 emissions. Through recent decades CO2 emissions have been reduced by increasing thermal efficiency. Nowadays, the use of hydrogen in combustion processes could bring the steel industry towards full decarbonisation. CFD simulations and laboratory tests led the Danieli Centro Combustion R&D team to the development of HYDRO MAB – a new hydrogen multi-air burner as the answer for burning a natural gas/hydrogen mixture that results in further CO2 reduction.
   
   In addition to CO2 reduction, HYDRO MAB burners maintain the lowest levels of NOx emissions and the optimal flame pattern.https://www.danieli.com/media/formato4/press_5149.jpg
   
   Source - Strategic Research Institute
4. voda 11 december 2020 06:51

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   Race Rock to Acquire Structural and Steel Products
   
   Houston-based private investment firm Race Rock Group has entered into a definitive agreement to acquire Structural & Steel Products Inc, a portfolio company of Highland Capital Management. Structural & Steel Products, based in Fort Worth in Texas is a leading distributor and manufacturer of transportation, telecommunications, transmission and utility infrastructure products. SSP was founded in 1969 and manufactures steel products out of its Fort Worth manufacturing facility. Their manufactured parts and products can be found throughout the United States, from light rail infrastructure to high mast lighting poles to overhead highway sign structures.
   
   SSP offers a diverse product portfolio, from the high mast lighting on the Panama Canal, to the tubular steel columns that support the upper deck at Kyle Field in College Station, to the guardrail at the Formula 1 Circuit of the Americas, to the iconic stainless steel lighting poles in Houston’s Galleria. SSP is a TXDOT approved supplier for state construction and maintenance projects, but can also supply material for cities, counties, and private projects.
   
   Race Rock funded the transaction with a combination of debt and equity capital. The debt financing has been provided by Woodforest National Bank, with the remainder of the purchase was funded by equity investment from Race Rock
   
   Source - Strategic Research Institute
5. voda 11 december 2020 06:53

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   Pioneer Extends Tenaris Supply of OCTG & Rig Direct Services
   
   Tenaris has received a two-year contract extension by Pioneer Natural Resources to continue supplying the oil and gas producer with OCTG and Rig Direct services. The two companies are long time business partners. For over 13 years, Tenaris has supported the Permian Basin shale driller with OCTG, and Pioneer served as one of the initial Rig Direct customers. Tenaris and Pioneer executed its first Rig Direct shipment in August 2015. Under the contract extension, Tenaris is enhancing its digital integration with Pioneer through direct systems communications between both companies. The automation of purchase order generation, order acceptance and back-up documentation will optimize these administrative processes. Tenaris will also perform RunReady services with Pioneer, preparing pipes at the origin mill and delivering material to the customer’s well site, prepped and ready to be run down hole. The service improves safety, reduces costs, and improves quality with as the product requires no additional services before entering the well.
   
   Tenaris complements its product offering with technical services, from string design and material selection to product development. Through the partnership with Pioneer and technical reviews, Tenaris collaboratively developed TenarisHydril Wedge 441, a robust, fast to install, slim line, threaded and coupled connection, designed for Pioneer’s slim hole application.
   
   Pioneer was an early adopter of Tenaris’s direct, mill-to-rig services model, Rig Direct. The operator was also among the first oil and gas customers to use the company’s digital platform, Rig Direct Portal, the backbone of Tenaris’s digital integration. Rig Direct Portal simplifies pipe ordering, offers electronic tracking for shipments and deliveries, management of call outs and rig returns, and facilitates quick invoice execution.
   
   Source - Strategic Research Institute
6. voda 11 december 2020 06:54

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   US DOC Finds AD & CVD on Imports of Forged Steel Fluid End Blocks
   
   US Department of Commerce announced affirmative final determinations in the antidumping duty investigations of forged steel fluid end blocks from Germany and Italy, and affirmative final determinations in the countervailing duty investigations of fluid end blocks from China, Germany, India, and Italy. Commerce also announced a negative determination in the AD investigation of fluid end blocks from India. Commerce determined that exporters from Germany and Italy have dumped fluid end blocks in the United States at rates ranging from 3.82 to 70.84 percent, and 0.00 to 58.48 percent, respectively.
   
   In addition, Commerce determined that exporters from China, Germany, India, and Italy received countervailable subsidies at the following rates:
   
   16.80 to 337.07 percent for China
   
   5.86 to 14.81 percent for Germany
   
   5.20 percent for India
   
   3.12 to 44.86 percent for Italy
   
   The petitioners estimate that the value of imports of forged steel fluid end blocks in 2018 from China, Germany, India, and Italy was approximately USD 17.8 million, USD 23.3 million, USD 44.4 million and USD 46.4 million, respectively.
   
   The petitioners are the FEB Fair Trade Coalition of Cleveland Ohio, Ellwood City Forge Company, Ellwood Quality Steels Company and Ellwood National Steel Company of Ellwood City in Pennsylvania and A Finkl & Sons of Chicago in Illinoi.
   
   The US International Trade Commission is currently scheduled to make its final injury determinations on or about January 21, 2021. If the ITC makes affirmative final injury determinations, Commerce will issue AD and CVD orders. If the ITC makes negative final determinations of injury, the investigations will be terminated, and no orders will be issued.
   
   Source - Strategic Research Institute
7. voda 11 december 2020 07:00

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   Hyundai Steel joins Responsible Steel
   
   Hyundai Steel has joined the steel global initiative Responsible Steel. For the systematic management of ESG, Hyundai Steel plans to become the first Korean company to join the Responsible Steel and actively respond to ESG issues by establishing a network with global advanced companies. It is expected that Hyundai Steel will be able to establish a leading position in terms of strengthening its own ESG management while securing confidence in the ESG field from the market and society through joining.
   
   Responsible Steel is an ESG initiative in the steel sector run by the Steel Stewardship Council, an Australian-based multinational non-profit organization, including steel makers such as ArcelorMittal, Aperam and Bluescope, as well as automakers such as BMW, mining company BHP, and financial firm HSBC. Aiming at sustainable steel, it is developing the first ESG standard and certification program in the steel sector.
   
   Source - Strategic Research Institute
8. voda 11 december 2020 07:01

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   Metalloinvest Modernises Railcar Repair Shop of Ural Steel
   
   Metalloinvest’s Ural Steel has acquired railcar repair equipment for the repair shop of the rail transport department as part of its technical re-equipment programme. Metalloinvest allocated 18 million roubles for the purchase. The new universal equipment is designed to repair railcars at maintenance points and can lift the cars, repair doors, end and side panels and vertical side racks, as well as replace, weld and press individual elements.
   
   The equipment’s mechanisms are managed with control panels. It can support the repairs of up to 35 cars per day, and can repair bogies and change railway couplings. The equipment can operate stably in conditions between -40 and 40 degrees.
   
   Ural Steel is one of the largest shippers of cargo in the eastern Orenburg region with a consistently high volume of rail shipments. Annually, the enterprise ships about 4 million tonnes of cargo to Russia and abroad.
   
   Source - Strategic Research Institute
9. voda 11 december 2020 07:01

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   Metinvest Illich Steel Mill Production in Jan-Nov 2020 Up 13%
   
   Metinvest group’s Mariupol based PJSC Illich steel mill increased the production of general rolled products by 9.8% compared to the same period last year to 3.34 million tonnes in January-November 2020. Steel production during this period increased by 12.9% to 3.7 million tonnes, pig iron by 5.2%, to 4.32 million tonnes, sinter by 12, 6%, to 11.28 million tonnes
   
   In November, the mill produced about 330,000 tonnes of general rolled products, 350,000 tonnes of steel, 370,000 tonnes of pig iron, and 1.1 million tonnes of sinter.
   
   Ilyich Iron and Steel Works of Mariupol is an integrated plant that produces pig iron, steel and rolled products. The basic products of the enterprise are carbon, low-alloy and alloy steel rolled flats for different applications. It is one of the largest producers of cold rolled galvanized sheets in Ukraine.
   
   Source - Strategic Research Institute
10. voda 11 december 2020 07:02

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    Salzgitter AG Obliged to Repay Capital Gains Tax
    
    In connection with the ruling by the Federal Fiscal Court on structured securities lending transactions in 2016, the Lower Saxony tax authorities informed Salzgitter AG that the withholding tax amounts from structured securities lending transactions that were credited in the years 2006 to 2011 are to be repaid. Salzgitter AG intends to appeal against this. According to preliminary calculations, the capital gains tax to be paid back including payroll surcharge and interest is around EUR 100 million. The pre-tax result for 2020 will be reduced by around EUR 25 million; Salzgitter anticipates additional tax expenses of around EUR 75 million.
    
    As a result of the good development of the operating business in the fourth quarter of 2020, Salzgitter is sticking to our annual forecast for earnings before taxes.
    
    Source - Strategic Research Institute
11. voda 11 december 2020 07:03

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    ArcelorMittal Resumes Gijon Operations
    
    ArcelorMittal has lifted the lockout at its steelworks in the northern Spanish city of Gijon as from 8 December. The continuation of production at Gijon is once again possible as unions have called off the two hour per shift strike. The steelmaker and workers' representatives agreed to restart negotiations on a plan to guarantee production and prioritise the maintenance of employment at the long products unit of ArcelorMittal in Spain.
    
    ArcelorMittal Asturias had decided to close the Gijon Steelworks from 5:00 PM on December 3 after verifying the monitoring by a consistent number of people of the intermittent strike with exception for people designated to attend the essential services for the basic support of the facilities. The strike, which started on November 25 and called by the CCOO and CSI unions, seeks to demand a viability plan for the Longs division of the Gijon factory.
    
    ArcelorMittal Gijon plant is located in the Asturias region in north-west Spain in a strategic location with port services close to the factory. The Gijon site consists of a steel plant with two oxygen converters, secondary metallurgy including two ladle furnaces and an RH degasser, a bloom caster and a billet caster, as well as a wire rod mill and a rail mill. The site produces high quality wire rod for the most demanding applications (steelcord, cold heading applications, springs for shock absorbers, etc. Gijon is the only Spanish producer of high-speed rail and head hardened rail.
    
    Source - Strategic Research Institute
12. voda 11 december 2020 07:19

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    ArcelorMittal maakt afspraken over Ilva
    
    FONDS KOERS VERSCHIL VERSCHIL % BEURS
    ArcelorMittal
    17,446 0,00 0,00 % Euronext Amsterdam
    
    (ABM FN-Dow Jones) ArcelorMittal heeft een overeenkomst gesloten met een Italiaanse staatsbedrijf en daarmee ook over de aankoop van de noodlijdende staalfabriek Ilva. Dit maakte de staalreus vannacht bekend.
    
    Als onderdeel van de aankoop wordt een samenwerkingsovereenkomst gesloten met het Italiaanse staatsbedrijf Invitalia, hetgeen zal leiden tot een herkapitalisering van dochter AM InvestCo.
    
    AM InvestCo is een dochter van ArcelorMittal die de koopovereenkomst heeft gesloten voor Ilva.
    
    Invitalia zal een eerste investering doen in AM InvestCo van 400 miljoen euro tegen eind januari, waardoor Invitalia samen met ArcelorMittal volledige controle krijgt over de dochter.
    
    Een tweede betaling tot 680 miljoen euro zal plaatsvinden bij afronding van de overname van Ilva door AM InvestCo tegen mei 2022. Tegen die tijd zal Invitalia een belang van 60 procent in de dochter hebben. Ook ArcelorMittal investeert, namelijk 70 miljoen euro, om tot een belang van 40 procent te behouden in AM Invest Co.
    
    De investeringen worden onder meer gedaan in technologieën voor koolstofarme staalproductie.
    
    De afspraken met Invitalia moeten nog worden goedgekeurd door de toezichthouders.
    
    Door: ABM Financial News.
    info@abmfn.nl
    Redactie: +31(0)20 26 28 999
    
    © Copyright ABM Financial News B.V. All rights reserved.
13. voda 11 december 2020 08:35

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    Italië neemt meerderheidsbelang in Ilva-fabriek ArcelorMittal
    
    Gepubliceerd op 11 december 2020 08:25 | Views: 130
    
    ArcelorMittal 10 dec
    17,45 0,00 (0,00%)
    
    TARENTE (AFN) - De deal tussen Italiaanse overheid en staalconcern ArcelorMittal over staalfabriek Ilva in het Zuid-Italiaanse Tarente is beklonken. Invitalia, het Italiaanse staatsinvesteringsfonds van de overheid, betaalt bijna 1,1 miljard euro voor een groot belang in de grootste staalfabriek in de Europese Unie, meldt ArcelorMittal.
    
    De betaling volgt in delen. Voor eind januari 2021 betaalt Invitalia de eerste 400 miljoen euro in ruil voor de helft van de aandelen. Tegen mei 2022 staat een kapitaalinjectie gepland van 680 miljoen euro. Als de transactie is afgerond, is de Italiaanse overheid voor 60 procent eigenaar van AM Investco, de Italiaanse tak van ArcelorMittal die de Ilva-fabriek runt.
    
    Met de koop van de noodlijdende en vervuilende Ilva-fabriek wil de Italiaanse overheid de productiemethoden opschonen. Ook wordt een nieuwe productielijn opgezet en komt er een vlamboogoven, die jaarlijks 2,6 miljoen ton staal moet produceren, aldus de Italiaanse minister van Financiën. De Italiaanse regering wil alle 10.700 medewerkers behouden.
    
    ArcelorMittal won enkele jaren geleden de biedingenstrijd om de Ilva-fabriek. Toen Italië besloot een maatregel te beëindigen die voorkwam dat het bedrijf kon worden aangeklaagd voor vervuiling, wilde ArcelorMittal van het contract af. In de nieuwe overeenkomst was afgesproken dat als die niet voor 10 december was goedgekeurd, dat ArcelorMittal alsnog onder de deal uit kon. Het bedrijf zou dan alleen een boete hoeven te betalen, maar dat zou wel betekenen dat duizenden mensen op straat zouden komen te staan.
14. voda 11 december 2020 12:04

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    'ArcelorMittal rondt lastige zaak af'
    
    Gepubliceerd op 11 december 2020 11:19 | Views: 831
    
    ArcelorMittal 11:47
    17,39 -0,06 (-0,33%)
    
    AMSTERDAM (AFN) - Met de verkoop van een meerderheidsbelang in de Italiaanse Ilva-fabriek komt een einde aan een sage die in 2017 begon toen ArcelorMittal die fabriek kocht, zeggen analisten van ING. Zij wijzen erop dat met het instappen van de Italiaanse overheid het staalbedrijf wel kan profiteren van de voordelen van de oorspronkelijke deal zoals consolidatie, maar dat de risico's nu beter verdeeld zijn.
    
    Zo betaalt Italië nu mee aan de modernisering van de fabriek. Ook voorziet de overeenkomst in doorlopende steun voor het in stand houden van de werkgelegenheid.
    
    ING heeft een buy-advies met een koersdoel van 16,50 euro voor ArcelorMittal. Aandelen in het staalbedrijf stonden vrijdag rond 11.10 uur 0,1 procent in de plus op 17,46 euro.
15. voda 14 december 2020 12:37

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    Thyssen Krupp CFO & IG Metall Differ over State Aid
    
    Handelsblatt reported that there is a serious conflict between management and employee representatives of ThyssenKrupp over state participation in the steel division of the ailing group. Thyssen Krupp CFO Mr Klaus Keysberg told the Rheinische Post "The topic of state participation is off the table. The economic stabilization fund is not the appropriate means to support the steel sector in the current situation with equity. In our case, due to the interest payments and the repayment modalities, such a stake would be associated with such high costs for the company that the additional burden would seriously jeopardize the future of the steel. This would have led to significant and continually rising annual interest payments that could account for around 9% of the overall aid. This cannot be met by the cash flow of the steel business.”
    
    The trade union German IG Metall reacted indignantly to the rejection of the group board of the state. IG Metall board member & Deputy Chairman of the Supervisory Board of Thyssen-Krupp AG Mr Jurgen Kerner said "We will continue to pursue a state entry at full speed. I expect management to examine all forms of state participation. There isn’t just the economic stabilisation fund. Other solutions are also possible.”
    
    The WSF fund is set up by the German government to bail out stricken groups in the wake of the pandemic.
    
    Source - Strategic Research Institute
    
16. voda 14 december 2020 12:38

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    ArcelorMittal Signs Ilva Investment Agreement with Invitalia
    
    ArcelorMittal announces last week that it has signed a binding agreement with Invitalia, a company controlled by the Italian State, forming a public-private partnership between the parties. The Investment Agreement will entail the recapitalization of AM InvestCo, the subsidiary of ArcelorMittal which signed the rental agreement with the obligation to purchase the Ilva business units. Invitalia will invest in AM InvestCo in two tranches
    
    The first investment of EUR 400 million will be made by January 31, 2021, subject to the antitrust authorization of the European Union, assigning joint control over AM InvestCo to Invitalia
    
    The second investment up to EUR 680 million will be due at the closing of the purchase by AM InvestCo of the Ilva business units, which is subject to the fulfillment of various conditions precedent, by May 2022. At that point, the participation of Invitalia in AM InvestCo will reach 60%. Furthermore, ArcelorMittal will invest up to Euro 70 million, to the extent necessary to maintain a 40% stake and joint control of the company.
    
    The updated industrial plan agreed between AM InvestCo and Invitalia provides for investments in technologies for the production of low-carbon steel, including the construction of a 2.5 million tonne electric arc furnace. The business plan, which aims to reach 8 million tonneas of production in 2025, includes a series of public support measures, including government-funded employment financing.
    
    The governance of AM InvestCo would be based on the principle of joint control starting with Invitalia's first investment.
    
    Source - Strategic Research Institute
    
17. voda 14 december 2020 12:39

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    Steel Users Cry Foul as Steel Prices Hit the Roof in India
    
    Reports have started to emerge in Indian media about the plight of steel users, especially small & medium industry, exporters & on going infrastructure projects, due to unprecedented hike in steel prices since July 2020. Confederation of Real Estate Developers Association of India TN chapter chairman Mr S Sridharan told Express that this price hike may force developers to slow down projects. He said “The TMT steel prices have increased to nearly 25 per cent in just 45 days. The price hike and delayed delivery of the steel severely affect progress of highway projects.”
    
    Karnataka Small Scale Industries Association, representing Micro, Small and Medium Enterprises, has urged the government to subsidise the steel prices or impose price control. KASSIA President Mr KB Arasappa said “This sudden spike in prices has made it impossible for MSMEs to meet confirmed orders and they are in serious danger of losing exports markets to competitors. This has come up on them as though the COVID-related disruptions were not bad enough. KASSIA would like to urge the government to urgently intervene in the matter so that the steel consuming small industries are saved from closure.”
    
    The minister for MSMEs and highways Mr Nitin Gadkari also came down heavily on steel and cement industries for jacking up prices, without valid reasons. Stating that these two industries appeared to take unfair advantage of the government’s initiatives to help businesses, Mr Gadkari wondered what prompted steel firms to raise prices by 55% in the last six months. He indicated that commensurate increases were absent in the price of key inputs like power and raw materials. The minister, however, said that there is nothing wrong for a business person to earn profit, that is fundamental right & companies are not in the business for charity, but there have to be reasons for raising prices.
    
    After the twp price hikes in December, the prices of benchmark rebar & HRC have surged to INR 48,500 & INR 49,000 per tonne landed without GST, up by more than 35% since last lows of about INR 36,000 in July 2020 beginning.
    
    Source - Strategic Research Institute
    
18. voda 14 december 2020 12:40

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    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 25 apr 2024

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    JSW Steel Aims to Complete Dolvi Expansion by March 2021
    
    JSW Steel expects to complete Dolvi Work’s plant expansion in Maharashtra from 5 million tonnes per annum to 10 million tonnes per annum by the end of 2020-21. According to the company, due to the outbreak of COVID-19, the expansion of Dolvi Work was affected. The work was suspended because of multiple reasons including non-availability of workers and travel restrictions, both domestic and international. JSW Steel Director Commercial Marketing & Corporate Strategy Mr Jayant Acharya told PTI "About 95 per cent work related to expansion of the plant is completed. We are aiming to complete the expansion of Dolvi Works by the second half of this fiscal.”
    
    Dolvi expansion plan includes installing a 4.5 million tonnes per annum blast furnace with a supporting 5 million tonnes per annum Steel Melt Shop and a 5 million tonnes per annum Hot Strip Mill. The plant would also have an 8 million tonnes per annum pellet plant and four kilns of 600 TPD Lime Calcination Plants, besides a captive power plant.
    
    With the expansion of the Dolvi Works, JSW Steel's total steel making capacity will reach to 23.1 million tonnes per annum, from 18.1 million tonnes per annum at present. Besides Dolvi Works, JSW Steel owns and operates a 12 million tonnes per annum manufacturing facility at Vijayanagar and another 1 million tonnes per annum plant in Salem in Tamil Nadu. The company has also proposed to set up a 13.2 million tonnes per annum greenfield steel plant in Odisha along with a 900 MW power plant for captive usage with an investment amount of INR 53,700 crore.
    
    Source - Strategic Research Institute
    
19. voda 14 december 2020 12:40

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 25 apr 2024

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    Philippines Intensifies Crackdown on Substandard Steel
    
    Philippine’s media reported that Philippine’s Department of Trade and Industry has intensified crackdown against substandard steel products seizing these items from hardware stores to protect the public from the rampant malpractice. Philippine Iron and Steel Institute President Mr Ronald Magsajo said “DTI and the private sector are intensifying their campaign against substandard rebars, angle bars and unmarked and unregistered bars that have been flooding the market of late. The unprecedented act of seizing the inferior products sends a strong signal to errant manufacturers and hardware stores. The pandemic has made people price sensitive and some unscrupulous manufacturers have been taking advantage of this. So, PISI and the DTI have to step in to protect the public. These products are either smuggled but largely locally made from factories that have been cropping up using the induction furnace technology China banned in 2017 for being a major source of smog in Beijing and its surrounding areas.”
    
    Last month, DTI’s La Union provincial office confiscated the inferior products and warned the hardware store carrying them that it would be dealt with severely if it is found again selling such products.
    
    PISI will also intensify its test-buy operations in suspected hotspots of substandard products throughout the country. PISI has been deploying its test-buy teams the past several months and sending the suspect sample products to the DTI which then sends them to a government laboratory, the Metals Industry Research and Development Center, for analysis. So far, MIRDC has found several samples from test-buy operations falling short of product standards in terms of weight and size. Other products were found to have unregistered marks or were unmarked which would make their source or producer difficult to trace.
    
    Source - Strategic Research Institute
    
20. voda 14 december 2020 12:41

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    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 25 apr 2024

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    Inter Ministerial Panel Explores Alang for Auto Shredders
    
    The Hindu Business Line reported that Gujarat’s Bhavnagar District port town Alang may soon become the hub for scrapping old vehicles as an inter-ministerial panel exploring the possibility of junking vehicles at Alang, following a presentation made to Prime Minister Narendra Modi for drafting a scrapping policy, has finalised its report. The government’s policy managers feel the plan would maximise Alang’s recycling potential and help use the cheap scrap steel extracted as an input for the manufacturing sector
    
    The Ship Recycling Industries Association has backed the plan as this can double the steel scrap output to 5 million light displacement tonnage from the present 2 million LDT. SRIA official said “Every plot holder should be allotted a backyard plot of 10,000 square metres at nominal cost on a 99 year lease. If the backyard plot is allotted, we will set up shredders and other equipment for recycling of vehicles at our own cost.”
    
    Alang beaches have become world's largest ship graveyard. The shipyards, more than 370 listed by Alang Today, at Alang recycle approximately 30% of all ships salvaged around the world. The yards are located on the Gulf of Khambat, 50 km southeast of Bhavnagar. Large super tankers, car ferries, container ships, and a dwindling number of ocean liners are beached during high tide, and as the tide recedes, hundreds of manual labourers move onto the beach to dismantle each ship, salvaging what they can and reducing the rest to scrap. The salvage yards at Alang have generated controversy about working conditions, workers' living conditions, and the impact on the environment.
    
    The Central Pollution Control Board issued guidelines in April 2019 for environmentally sound management of collection, dismantling and shredding end of life vehicles.
    
    Source - Strategic Research Institute