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1. voda 13 januari 2021 15:24

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   Hydrogen Based Steel Feasible at Thyssenkrupp Duisburg
   
   Norwegian based broad energy company Equinor, gas transmission system operator OGE and steel producer thyssenkrupp Steel Europe have concluded their joint feasibility study started in October 2019 and will continue their cooperation on the topic going forward. The three partners goal is to evaluate the possibility to supply thyssenkrupp Steel’s Duisburg site with blue hydrogen to allow for significant CO2 reductions via a nearly climate neutral steel production in the short and midterm when other types of hydrogen, especially green, are expected not to be available in sufficient quantities to meet the demand. The study finds that the decarbonized production and supply of blue hydrogen from natural gas to Germany’s largest steel plant in Duisburg is technically feasible. Going forward, the partners intend to continue working on further details and build the basis for potential investment decisions.
   
   The partners are convinced that blue hydrogen as a reliable and available technology has the potential to ramp up the European hydrogen market. Especially taking into consideration the recent decision by the EU to set more ambitious climate targets for 2030, blue hydrogen can play a significant role going forward as a viable and early source for nearly climate-neutral hydrogen in large quantities and therefore in achieving these goals. The intended large volumes of blue hydrogen can support establishing the necessary hydrogen pipeline infrastructure and a hydrogen economy ramp up. Thus, blue hydrogen is complementary to other hydrogen production technologies and can function as a catalyst.
   
   The study’s premise has been the production of hydrogen from natural gas with permanent offshore storage of CO2 accrued in the process. The study has evaluated several options for sourcing and transport of hydrogen to ThyssenKrupp’s Duisburg steel production site as well as options for transport and storage of CO2.
   
   Going forward, the project partners will elaborate details of potential production sites. The partners will further continue their dialogue with potential CO2 storage facilities including Northern Lights and Porthos. The objective in the upcoming months is to form the basis for potential investment decisions. In this context, it is crucial that the appropriate political and regulatory framework conditions are set to enable the fundamental transformation of an energy-intensive industry exposed to international competition.
   
   Furthermore, funding for CAPEX and OPEX intensive climate-related projects and the climate transformation will be a prerequisite for establishing a market for climate-neutral products. Possible OPEX funding mechanisms could be Carbon Contracts for Difference, CCfD or incentives for customers to source climate-neutral products.
   
   The H2morrow steel feasibility study concludes that the entire project’s value chain could be established by 2027 at the earliest.
   
   Source - Strategic Research Institute
2. voda 13 januari 2021 15:25

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   Steel Production Crucial for Latin America's Recovery
   
   Latin American Steel Association Alacero announced that the steel industry has been fundamental to the recovery of Latin America in the context of the pandemic, showing flexibility in its operation and focused on meeting local demand. The production of crude steel totalled 5.294 million tonne in November, the best month in 2020. This happened in almost all countries in the region, with special emphasis on Brazil, which led the resumption. During the period, Blast Furnace production grew 8.4% compared to October, reaching 2.766 million tonne with a restart of equipment in Brazil, while Electric Furnace production remained stable, reaching 2.528 million tonne. In terms of rolled products, the production of seamless tubes reached 82.1 thousand tons in November, an increase of 9.7% compared to the previous month, driven by the increase in activity in the oil and gas sector.
   
   The industry is focused on meeting local demand, as shown by the 30.3% year-on-year drop in exports in October, which totalled 0.586 million tonne. In the month, imports registered a 10.8% increase over September; its share in consumption was 28% in October, below the level of 34% between January and September 2020. The accumulated deficit between January and October was 17.2% lower than that recorded in the same period in 2019, a significant decrease so that regional consumption can grow again with the trade deficit under control. Apparent consumption of rolled products was 5.404 million tonne, the best for the year.
   
   China continues to be an important reference in the current steel industry juncture due to its relative weight in production, demand and trade of raw materials. But it is also an issue of concern for its growing Chinese investment in Latin American countries, which according to Bloomberg, was USD 7.7 billion in 2020 more than in Europe and North America combined. Alacero's General Director Francisco Leal said "This process causes a greater dependency that can become a risk factor due to their business practices, state-owned companies, deindustrialization and job losses. The phase of regionalization and the disintegration of value chains in the world, accentuated by the trade war between China and the United States, open an opportunity for the countries of the region to attract companies that seek to relocate affected by this phenomenon. To achieve this, Latin America needs to create conditions, such as access to technology, infrastructure, administrative simplification, quality technical education, institutional certainty and respect for the rule of law.”
   
   Source - Strategic Research Institute
3. voda 13 januari 2021 15:26

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   Duferdofin Nucor Renamed Duferco Travi e Profilati
   
   After the end of the Joint Venture with the American Partner Nucor, Extraordinary General Meeting in San Zeno Naviglio on January 8 changed the old company legal name Duferdofin Nucor, with the new one, which is Duferco Travi e Profilati SpA. The Assembly also appointed the new Board of Directors, which is now composed of Domenico Campanella, Agostino Conte, Augusto Mario Gozzi, Vittoria Gozzi, Franco Monteferrario. Franco Monteferrario is President and company legal representative of Duferco Travi e Profilati and its subsidiaries TPP and Acofer. He is also in charge of Management, Finance and Control. Augusto Mario Gozzi is the new CEO of Duferco Travi e Profilati and its subsidiaries TPP and Acofer.
   
   Duferco Travi e Profilati is indeed today leader in Italy and aims to become market leader in Europe in the production of steel beams and construction long products. In December, Duferco ordered from Germany’s SMS group a new beam rolling mill that will be located at the San Zeno Navigiio facility in the Brescia province and will source semis from an 800,000 tonnes per year melt shop in San Zeno Navigiio. The total investment, facility and infrastructure included, will amount to EUR 180 million.
   
   Source - Strategic Research Institute
4. voda 13 januari 2021 15:26

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   Bull Moose Tube Completes Upgrades at Elkhart & Trenton Plants
   
   Caparo Bull Moose subsidiary Bull Moose Tube Company announced completion of major capital investment projects at its two largest tubular facilities in Elkhart in Indiana and Trenton in Georgia in USA. The multi million dollar investments in new high performance equipment will optimize both facilities’ operational capabilities. The projects involved leading edge upgrades to the drive and automation control system, installation of a new induction unit, upgrades to the sizing section of the mill with state of the art quality assurance capabilities, and upgraded cutoff quality and length accuracy. The upgrades will enhance product quality, increase production efficiency and reliability, and add operational flexibility.
   
   Based in Chesterfield in Missouri, the company is part of the Caparo Bull Moose group. The company operates from seven plants six in the USA Chicago Heights in Indiana, Elkhart in Indiana, Gerald in Missouri, Masury in Ohio, Trenton in Georgia and Casa Grande in Arizone and one in Burlington in Ontario in Canada. The company offers one of the largest ranges of welded steel tubing in North America. Typical applications for Bull Moose Tube include construction, transportation, fire protection, lawn and garden equipment, plus many other engineering and household products.
   
   Source - Strategic Research Institute
5. voda 13 januari 2021 15:27

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   NOVATEK & NLMK Signed MOU on Decarbonisation
   
   Russian steel giant LMK Group and leading Russian natural gas producer NOVATEK have signed a Memorandum of Cooperation in the field of mitigating adverse climate impacts. Cutting greenhouse gas emissions is the key focus of cooperation. NLMK Group and NOVATEK plan to jointly test CO2 capture, use and storage technologies, to develop and improve hydrogen production technologies and transportation methods, as well as the use of hydrogen fuel to reduce GHG emissions. NLMK and NOVATEK are also exploring the development of new products required to implement low carbon technologies.
   
   NLMK Group has achieved a significant reduction in CO2 emissions, and is among the global industry leaders in terms of emissions per tonne of steel. Over the last five years, NLMK Group has reduced its CO2 emissions per tonne of steel by 3%, from 2.04 tonne in 2015 to 1.98 tonne in 2019, amid growing production, and aims to further reduce them to 1.91 tonne, by another 3.5%, by 2023.
   
   PAO NOVATEK is the largest independent natural gas producer in Russia, and in 2017, entered the global LNG market by successfully launching the Yamal LNG project. Founded in 1994, the Company is engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons. The Company’s upstream activities are concentrated mainly in the prolific Yamal-Nenets Autonomous Region, which is the world’s largest natural gas producing area and accounts for approximately 80% of Russia’s natural gas production and approximately 15% of the world’s gas production.
   
   Source - Strategic Research Institute
6. voda 13 januari 2021 15:27

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   Hadisolb Liquidates Steel Plant in Helwan
   
   Al Borsa News reported that Egyptian Iron and Steel’s Hadisolb shareholders decided to liquidate the steel factory in Helwan district in line with the incurred loss. The plant is not able to continue in business and meet production needs, the news portal added. Hadisolb will begin a horizontal demerger of the firm. Liquidating the establishment will be completed after the company’s workers are compensated, Shorouk News cited public enterprises minister Hisham Tawfik.
   
   The listed company suffered a net loss after tax of EGP 274.48 million during the July-September 2020 period.
   
   Source - Strategic Research Institute
7. voda 13 januari 2021 16:20

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   Emirates Steel & Khalifa University in Key R&D Collaboration
   
   Leading UAE’s integrated steel plant Emirates Steel has signed a Memorandum of Association with Khalifa University of Science and Technology forming the formal framework according to which the parties will cooperate in areas of mutual interest. The scope of this MoU includes implementing collaborative research projects; providing scientific and professional training and development programmes and offering technical consultations and student internships at Emirates Steel premises. Under the MoU, the parties will form a Scientific Committee to identify and agree on the potential sponsored research programmes related to the core business of Emirates Steel, mainly in slag utilisation in agriculture or construction; recovery of CO2 from flue gases; rebar discoloration problem; and cyber security issues.
   
   The MoU was signed by Engineer Saeed Ghumran Al Remeithi, Chief Executive Officer of Emirates Steel, and Dr Arif Sultan Al Hammadi, Executive Vice President of Khalifa University of Science and Technology, in the presence of senior officials from the two entities.
   
   Emirates Steel has recently formed a Scientific Committee to organise and promote the R&D activities across the organisation and boost collaborations that help Emirates Steel expand its innovation aspirations.
   
   Source - Strategic Research Institute
8. [verwijderd] 13 januari 2021 16:23

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   Vraagje. Ik heb net mijn Id opgestuurd naar degiro voor handmatige verificatie. Er staat maximaal 10 dagen. Weet iemand hoeveel dagen het op dit moment duurt voordat ik door deze stap heen ben?
9. voda 13 januari 2021 16:29

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   Dillinger Steel Plates Used in Le Monde New HQ in Paris
   
   plate. Both Dillinger and its subsidiary Dillinger France produced the plate used in this new building.
   
   The city’s development plan originally called for construction of two buildings because the site consists of three enormous slabs covering the railway tracks and the middle slab is not suitable for construction. To circumvent these building restrictions, the architects decided to use a bridge like structure to span the property not suited for construction. The result is a true architectural masterpiece: a steel structure similar to a pedestrian bridge, onto which metal and concrete floors are suspended.
   
   The glass-enclosed bridge in the center of the 7-storey building is 137 meters long and 37 meters high and combines nature with technology, with green spaces as well as LED lights distributed over the entire area, like stars moving in the sky. The façade of the building is covered with a matrix of glass pixels that create various effects, sometimes transparent, sometimes opaque. The roof is equipped with photovoltaic modules and a rainwater collection system.
   
   The building is not the only structure in Paris that contains a bit of Saarland: Steel from Dillinger has also been used in recent years for the elegant Simone de Beauvoir pedestrian bridge and the spectacular Fondation Louis Vuitton museum.
   
   Source - Strategic Research Institute
10. voda 13 januari 2021 16:30

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    LNG Powered Vessels Set Sail for POSCO
    
    At a shipyard in Mokpo on December 11 2020, a ship naming ceremony was held for two vessels that received the name of HL ECO and HL Green. Both vessels, able to carry up to 180,000 tons, are the world’s first LNG powered bulk carriers, as well as eco friendly carriers that POSCO has preemptively introduced to replace conventional ones. POSCO’s 9% nickel steel was applied as materials for the fuel tanks of the vessels, whereas 42,000 tons of POSCO steel plates were used in the bodies. The ships, HL ECO and HL Green, will transport iron ore and coal to steelworks, traveling between Korea and Australia.
    
    It took two years for POSCO to introduce two LNG-powered vessels. In June 2018, an agreement was signed between the Ministry of Oceans and Fisheries, POSCO, H-Line, and KOGAS. From December that year, Hyundai Samho Heavy Industries began building the ship, and exactly two years later, POSCO could hold the ship naming ceremony. POSCO is currently participating in the low carbon & eco friendly policy even in the ocean by installing exhaust gas cleaning systems on 20 vessels, which is more than half of the total carriers, and by utilizing LNG and low sulfur fuel in the remaining raw material ships.
    
    9% nickel steel is the most widely used steel for producing LNG storage tanks since it maintains outstanding strength and toughness even at extremely low temperatures that reach minus 163 degrees Celsius. 9% nickel steel could only be produced by few steelmakers in the past, so domestic shipbuilders had to depend on imports. However, POSCO succeeded in developing it for the first time in 1993, and after quality stabilization, production for the material has been accelerated from 2007. Recently, POSCO has been in active cooperation with the Big 3 shipbuilders in Korea to develop technology for LNG storage tanks using this material. By applying POSCO 9% nickel steel on the world’s first LNG-powered bulk carrier, POSCO has succeeded in material localization.
    
    According to the regulations of the International Maritime Organization, only nickel alloy steel, stainless steel, 9% nickel steel, and aluminum alloy steel were permitted to be used as cryogenic materials for LNG tanks on board an LNG carrier. But there is one material that received approval two years ago, POSCO’s own high manganese steel. While 9% nickel steel has a downside of being expensive and unstable supply and demand, high manganese steel is about 30% more economical than 9% nickel steel. Its supply and demand are also stable due to its rich reserves. In December 2017, POSCO succeeded in applying high manganese steel to LNG tanks of the 50,000-ton Green Iris, the world’s largest LNG powered bulk carrier at the time.
    
    Source - Strategic Research Institute
11. voda 13 januari 2021 16:31

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    Tenaris Cuts Industrial Waste at Costa Volpino Plant in Italy
    
    Tenaris has saved approximately 1,800 tons of sludges heading to landfills since June 2019, representing a 70% reduction in the wastewater treatment sludges produced at its Costa Volpino plant in Italy. The remaining 30% of the sludges is now the focus of project underway to repurpose them as raw material for steel production. The waste generated from the pickling, including water used for rinsing, are transferred to a chemical-physical water treatment plant, which treats the material before being discharged into surface water. At the end of the treatment process, an inorganic muddy residue is produced which is filter-pressed in order to reduce the amount of water. The sludge from water treatment at Tenaris’s Costa Volpino plant has always been handled as waste and sent for disposal to landfills following an inertization process at waste treatment plants in compliance with current laws.
    
    The dried sludge contains three basic raw materials for the production of steel, capable of replacing part of the ferrous scrap, ferroalloys and lime that are currently supplied from external suppliers and is therefore suitable as additive in the charge of the electric furnace, putting in motion the principles of a circular economy.
    
    Tenaris’s research team began in 2016-2017 to develop drying technologies applicable to the type of sludge produced. This research led to the installation of a closed-cycle turbo-dryer at Costa Volpino that releases zero emissions into the atmosphere, allowing Tenaris to reduce the amount of sludge sent for disposal by about 70%, drastically reducing its humidity.
    
    Costa Volpino produces cold drawn pipes from hot rolled tubes, produced at the company’s Dalmine plant, which are pickled with sulfuric acid before being subsequently processed in the transformation and finishing lines. Cold drawn tubes are used in hydraulic circuits, earth-moving machinery and in the automotive industry, among other applications.
    
    Source - Strategic Research Institute
12. voda 13 januari 2021 16:31

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    US Steel Shipments in November 2020 Down 12% YoY
    
    Published on :
    13 Jan, 2021 , 4:27 am
    
    The American Iron and Steel Institute reported that for the month of November 2020, US steel mills shipped 6,753,447 net tons, a 0.1% increase from the 6,747,709 net tons shipped in the previous month, October 2020, and an 11.9% decrease from the 7,665,006 net tons shipped in November 2019. Shipments year-to-date in 2020 are 73,950,515 net tons, a 16.1% decrease vs 2019 shipments of 88,157,028 for eleven months.
    
    A comparison of November shipments to the previous month of October shows the following changes: cold rolled sheet up 4%, hot rolled sheet no change and hot dipped galvanized sheet and strip down 2%.
    
    Source - Strategic Research Institute
13. voda 13 januari 2021 16:32

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    Hitachi Metals in Alliance with Teikuro for North American Market
    
    Hitachi Metals Ltd has entered into a licensing agreement with Teikuro Inc for the technical provision of Hitachi Metals high performance surface treatment TribecTM in order to meet the demand for surface treatment for dies in the North American market. Going forward, customers will have access to TribecTM Kagari surface treatment services, including film removal, at Teikuro Corporation US location in North America. Specifically, a dedicated coating facility will be installed at Teikuro Corporation’s Springfield Plant in Ohio in United States, and the service will be offered under the name T-Forte by Teikuro Corporation. Sales for customers in the United States and Canada are scheduled to begin on March 1, 2021.
    
    Surface treatments for coating film on metal surfaces are an effective technology for increasing the strength, durability and sliding performance of dies and automotive engine parts. In recent years, the need for surface treatments to increase the strength and durability of dies has been increasing more than ever to enable support for high-tensile steel sheets.
    
    In its efforts to expand global sales of tool steel in its specialty steels business, Hitachi Metals has strengthened its tool steel solutions sales structure in several ways. These include acquiring US company Diehl Tool Steel Inc and making it a consolidated subsidiary; establishing Hitachi Metals (Ningbo) Co Ltd in China; enhancing cutting and processing capacity at its plants in Asia; and introducing surface treatment equipment.
    
    Source - Strategic Research Institute
14. voda 13 januari 2021 16:33

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    APMDC Bags Brahmadiha Opencast Coking Coal Block in Jharkhand
    
    PTI reported that the Andhra Pradesh Mineral Development Corporation on has bagged the lease for mining coking coal from the Brahmadiha opencast block in Jharkhand. It is estimated that Brahmadiha has balance extractable reserves of 1.92 million tonnes of coking coal spread over a 105 hectare area. The actual mining of coking coal was expected to begin in two years.
    
    A senior APMDC official told PTI "The Mining Plan is prepared for 0.15 million tonnes per annum, with a life of two years construction and 15 years production.But we plan to mine 0.50 million tonnes per annum over 5-6 years, including the project construction period.”
    
    APMDC was the only government entity to emerge as the successful bidder among 14 others and Brahmadiha was the only coking coal mine offered.
    
    Source - Strategic Research Institute
15. voda 13 januari 2021 16:33

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    Action Starts against Schnitzer Steel Shredding Plant in Oakland
    
    Environmental justice and conservation groups filed an amicus brief in calling on the California Department of Toxic Substance Control to regulate metal shredding facilities throughout the state. Filed by Communities for a Better Environment, Center on Race, Poverty and the Environment, San Francisco Baykeeper and Natural Resources Defense Council, the brief alleges that the state has failed to protect local communities from harmful pollution from Schnitzer Steel’s shredding facility’s pollution in Oakland in California and other facilities in the state. NRDC attorney Lauren Phillips said “Schnitzer Steel and metal shredding facilities across the state have been allowed to pollute communities with dangerous contaminants for long enough. The State must ensure that these facilities aren’t given free passes to pollute and harm local communities.”
    
    Schnitzer Steel produces 200,000 tons of metal residue per year that contaminates the surrounding air, water, and soil, creating health risks for the surrounding community. The pollution discharged from the facility fails to comply with the DTSC’s own Hazardous Waste Control Law, though DTSC has ignored this noncompliance for over 30 years. Schnitzer is one of six facilities DTSC has exempted, all of which are located in communities that suffer greater pollution burdens than California at large.
    
    The filing of the amicus brief follows the re introduction of Assembly Bill 1 by Assembly member Christina Garcia, which reforms the Department of Toxic Substances Control to better protect public health. Assembly Bill 1 includes reforms to make DTSC more transparent, accountable, and protective of public health, including the creation of a governing board to oversee DTSC's performance.
    
    Source - Strategic Research Institute
16. voda 14 januari 2021 12:10

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    Indian Auto Firms Cutting Q4 Production Plans on Steel Shortages
    
    Economic Times reported that a significant shortage of steel supplies and higher price of the key raw material have led to a sharp revision in the production schedules for the fourth quarter at leading carmakers in India and the production schedules for the ongoing fiscal Q4 are being revised downward by 15-20%, which could potentially mean a loss of over 1.5 lakh units in the January to March quarter for the industry. ET report said that “India’s largest carmaker Maruti Suzuki has revised its tentative production plan from 5.5 lakh units estimated in November 2020 to 4.97 lakh units in January 2021 and also cut shift timings by two hours for some days at its plants. Mahindra & Mahindra and component maker Bosch had already warned of lower production in the first couple of quarters in 2021 due to a shortage of semiconductors.
    
    Major associations of automotive manufacturers, auto component manufacturers and construction equipment makers have written to the steel and commerce ministry to intervene and facilitate local supplies or open up low cost imports.
    
    The Society of Indian Automotive Manufacturers told the steel ministry in a note that the shortage might become more acute in the coming quarter and lead to further price increases. SIAM Director General Mr Rajesh Menon wrote to the steel ministry "Shortage and price increase are creating a huge impact on production of automobile companies. The domestic steel mills are therefore committing only 60% to 70% of the orders given by the automobile OEMs.”
    
    The Automotive Component Manufacturers Association in a note to the commerce ministry said there has been a 40% increase in steel prices over five months and that there is uncertainty over its availability, which has put a strain on them to commit smooth supplies to the customers. ACMA Director General Mr Vinnie Mehta wrote to the ministry "The Tier1s are not able to pass on these price increases, as there is a huge gap in customer & OEM prices and the prevailing market prices.”
    
    The auto sector accounts for 15-17% of the total steel consumption of India. Flat steel accounts for about half of total steel production and about one third of this is consumed by the auto sector.
    
    Source - Strategic Research Institute
17. voda 14 januari 2021 12:11

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    Worldsteel Director General Dr Basson Sets Out Plans for 2021
    
    worldsteel Director General Dr Edwin Basson in New Year message said “2020 has been a year like few others. We have been and are still being confronted with many challenges. Many regions are also living through some political volatility, sometimes linked to COVID-19, sometimes not. The solutions to these challenges are different around the world and will occur over contrasting time periods. Most urgent is the need to return to more normal human and economic activity so that the global economy can start growing again.”
    
    Dr Basson said “Last year, China was the lone exception with robust economic performance. Other countries and regions have experienced negative growth in 2020. The outlook has significantly improved with the development of vaccines for COVID-19 that will by all accounts start becoming available on a wider scale by Q1 2021. This is the basis for the more positive economic picture we forecasted in our 2021 Short Range Outlook, where steel demand is expected to recover to 1,795 million tonne, an increase of 4.1 % over 2020.”
    
    He added “This October, the International Energy Agency released its Iron and Steel Technology Roadmap. This document set out a vision and priority actions, for our sector compatible with the Paris Agreement. Under the IEA’s Sustainable Development Scenario, direct emissions from the iron and steel sector should fall by more than 50% by 2050 relative to 2019. On the same pathway, the emissions intensity of crude steel production must fall by 58%. In 2021, the production of steel remains a greenhouse and energy-intensive activity. However, the steel industry is committed to driving down the CO2 footprint from its operations and products. There is no single solution to decarbonise our industry, and so we are taking a three track parallel approach to enable industrial and societal transformation.”
    
    Our key actions are to
    
    Address the emissions from our own industry
    
    Help our customers deliver innovative solutions through using our advanced steel products
    
    Maximise the reuse, remanufacturing and recycling of steel products by supporting material efficiency and the circular economy.
    
    In 2019, the worldsteel Board of Members launched 'step up', a new industry-wide efficiency review process, based on leading practice, that focuses on the key efficiency levers of raw material quality, energy efficiency, process yield and process reliability. The successful implementation of the step up methodology has the potential of reducing direct and indirect emissions by as much as 20% at the average ore-based steelmaking site, and just under 50% at the average scrap-based facility. All worldsteel’s members have been encouraged to participate in the step up programme, and the broad adoption of the methodology across our industry will elevate the performance of all sites to levels commensurate with the very best performers. The step up programme represents a key initiative in our industry’s journey towards net-zero emissions.
    
    Source - Strategic Research Institute
18. voda 14 januari 2021 12:11

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    Indian Government to Divest 10% Stake in SAIL
    
    The Indian Government has decided to offload up to a 10% share of public sector steel maker Steel Authority of India Ltd through the offer for sale route, raising at least INR 2,643 crore. The OFS, which will hit the market on January 14, will have a floor price of INR 64 a share. The offer price comes at a 14%t discount to the closing rate on January 13. The offer is being broken down into two parts. Non retail shareholders will be able to subscribe to the issue on January 14, while retail shareholders will be able to participate only on January 15. Department of Investment and Public Asset Management Secretary Mr Tuhin Kanta Pandey tweeted "Offer for Sale (OFS) in SAIL opens on Thursday (14.1.2021) for non-retail investors. 15th January (Friday) is for retail investors. GoI would divest 5% equity with a 5% greenshoe option."
    
    Indian Government appears to be taking the benefit of the rally in the market, especially in the steel stocks. On the back of a record price of steel in the market and gross margin, the scripts have rallied. Over the last three months, the SAIL stock has more than doubled. From a low of INR 32.8 on October 15, it touched a high of INR 80.35 on January 5. It closed at INR 74.70, down 1.75% on January 13.
    
    Indian government holds 75% stake in PSU Steel Authority of India Ltd. It had last sold 5% stake in December 2014.
    
    Source - Strategic Research Institute
19. voda 14 januari 2021 12:14

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 26 apr 2024

    • Aanbevelingen

      Ontvangen: 82078

      Gegeven: 20908

    •    Aantal posts: 364.585

    Hoa Phat Fires Blast Furnace 4 in Dung Quat Complex in Vietnam
    
    Vietnam’s leading steelmaker Hoa Phat has fired up its No 4 blast furnace at its Dung Quat complex at Quan Ngai province of Vietnam on January 6, the last of four new furnaces to come online. Hoa Phat had fired up the first two of its four blast furnaces in June and November 2019 respectively and the third in August 2020. The four blast furnaces have a 1080 cubic meters working volume and are designed for an annual production of 1 million tonnes per year of hot metal each. With all furnaces in operation, the complex will have a maximum production capacity of about 4 million tonnes per year.
    
    Danieli Corus was awarded a contract for the design, supply and supervision of four Greenfield blast furnaces Hoa Phat Steel in August 2017. The furnaces are equipped with the Danieli Corus high conductivity cooling and lining design based on copper plate coolers combined with graphite and silicon carbide refractories. The scope of the project also included the hot blast mains, bustle mains, tuyere assemblies, level 2 automation systems and pulverized coal injection systems.
    
    The final blast furnace put in play since its establishment in February 2017, adds on to the group’s total asset to six blast furnaces, one electric arc furnace, and one induction furnace. Hoa Phat produced more than 5 million tonnes of crude steel in 2020, almost doubling from 2.8 million tonnes in 2019. As per media reports “Once the furnace is operating stably, the group’s total crude steel output will reach 8 million tonnes per year, making Hoa Phat the largest steel producer in Vietnam.”
    
    Source - Strategic Research Institute
20. voda 14 januari 2021 12:14

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 26 apr 2024

    • Aanbevelingen

      Ontvangen: 82078

      Gegeven: 20908

    •    Aantal posts: 364.585

    CSC to Increases Domestic Steel Prices for February 2021 Sales
    
    Taiwan’s largest integrated steelmaker Kaohsiung based China Steel Corp said that it would raise domestic steel prices by 9.5% for delivery in February 2021, eighth straight month of increases. Prices are to increase by TWD 2,200 per tonne (USD 78) for hot rolled steel, hot rolled plates and electro galvanized sheets, TWD 2,500 per tonne (USD 89) for cold rolled steel and TWD 3,000 per tonne (USD 107) for electrical sheets. CSC attributed the price hikes to increased raw material costs for steelmakers and robust demand for steel. CSC said domestic steel prices still lag behind international prices, indicating that there remains room for increases. CSC said “Although our prices for domestic delivery are far lower than international levels, we have to take into consideration the competitiveness of downstream companies as the New Taiwan dollar rises. We are keeping to our principles of smooth and stable pricing, while reflecting material costs.”
    
    Earlier on December 11 2020, China Steel Corporation had hiked steel prices for domestic sales in the January 2021 & January-March 2021 quarter by 6.1% in average, TWD 1,200-1,500 per tonne (USD 43-53).
    
    Meanwhile, the company also called for discipline among Taiwanese steel companies amid an overheated local market. CSC said “There have been reports of steel firms hoarding stock and pushing prices up. We call upon the industry to maintain an orderly market.”
    
    CSC is Taiwan’s largest steel producer and the only one that is vertically integrated. It is also the only company that is legally allowed to operate steel blast furnaces; all six steel blast furnaces on the island, four in Kaohsiung and two in Taichung, belong to CSC and its subsidiaries.
    
    Source - Strategic Research Institute