Nieuws en info hier plaatsen (deel 4)

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South Korean Steel Industry Pioneer Mr Chung Dies at 90

Korea Joongang Daily reported that Mr Chung Myung-sik, former chairman of steelmaker Posco, died at age 90. The third chairman in the steel company’s 52-year history, Mr Chung is credited with leading the construction of Posco production facilities in South Korea. Mr Chung was serving as chief executive of the state owned Korea Engineering Consultants when he was called in to work for the steelmaker by company founder Mr Park Tae-jun in 1970. For the next 20 years, Mr Chung managed the construction of the company’s production sites in Pohang and Gwangyang. After working as the company’s president and vice chairman, Mr Chung was appointed chairman in 1993. That same year, he also took the position of chairman at the Korean Iron & Steel Association. Between 1976 and 1990, he received three Orders of Industrial Service Merit in bronze, silver and gold. In 1995, Chung also served as chairman of Pohang University of Science and Technology.

Born in Seoul in 1931, Mr Chung graduated from Seoul National University in 1955 with a bachelor’s degree in civil engineering. Four years later, he received a master’s degree in civil engineering from the University of Minnesota Twin Cities.

Source - Strategic Research Institute
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US Implements Changes to Buy American Act Regulations

US’s Federal Acquisition Regulatory Council published on January 19, 2021 the final rule amending the Federal Acquisition Regulation in accordance with President Trump’s Executive Order 13881, Maximizing Use of American-Made Goods, Products, and Materials. Accordingly, the final rule amends applicable FAR clauses with three key impacts:

Increasing the domestic content requirement to 55% for most products, and to 95% for products consisting wholly or predominantly of iron or steel, or a combination of both (

Removing the commercially available-off-the-shelf exception for products consisting wholly or predominantly of iron or steel, or a combination of both but leaving a partial exception in place for COTS fasteners made wholly or predominantly of iron or steel

Increasing price preferences for domestic products from 6% to 20% for large businesses, and from 12% to 30% for small businesses

The final rule and the new FAR clauses are effective almost immediately on January 21, 2021

Source - Strategic Research Institute
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CISC & CSBI Combine Resources in Canada

The Canadian Institute of Steel Construction has reached an agreement with the Canadian Sheet Steel Building Institute to integrate the Canadian sheet steel construction sectors within the CISC. The agreement is effective January 15. The integration will see the Canadian sheet steel construction sector join forces with the structural steel, steel bridge, steel plate and miscellaneous steel construction sectors. The sheet steel construction industry includes commercial and residential steel roofing, structural roof deck and composite floor deck, steel siding and cladding, steel studs and joists, and steel building systems. CISC chairman Mr Todd Collister said “The CISC is looking forward to expanding the voice and strength of Canada’s steel construction industry with the addition of this very important sector. This further builds on the CISC’s efforts to advance the use and benefits of steel construction, showcase steel’s design and environmental advantages, and to advocate for the Canadian steel construction supply chain, their employees and their families.”

CSSBI president and chair Mr Paul Lobb said “CSSBI remains committed to its mission to advance sheet steel as the most durable and reliable building material in the market, and to be the leading source for technical information and support to the general public and sheet steel manufacturers alike. We are excited about the strategic opportunities with the CISC.”

Source - Strategic Research Institute
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Steel Consumption in Thailand to Increase in 2021

Bangkok Post reported that the Federation of Thai Industries Iron and Steel Industry Club said that Thailand’s domestic steel consumption is estimated to grow 5-8% in 2021, supported by the government's infrastructure investment projects. Steel Industry Club chairman Mr Nava Chantanasurakon said that government construction projects in the Eastern Economic Corridor, electric trains in Bangkok and other metropolitan areas as well as high-speed trains will benefit the steel industry.

The club expects the government will support local steel producers through the Made in Thailand policy and the local content scheme to help the industry.

However, FTI has raised concerns about global steel price changes due to demands growing from China, boosted by the pandemic and seeing China to import various types of steel to support economic growth.

Source - Strategic Research Institute
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BHP Reports 6% YoY Rise in Iron Ore Production in H1

Australian miner BHP Billiton has announced its production results for October-December 2020 quarter & the first half of the financial year 2020-21 ended December 31. The company’s iron ore output in the October-December quarter 2020 totaled 62.4 million tonnes up by 6% QoQ and 128.4 million tonnes in the first half of the financial year 2020-21 up by 6% YoY. BHP Chief Executive Officer Mr Mike Henry said “BHP delivered strong safety and operational performance in the first half of the 2021 financial year, including record production at Western Australia Iron Ore and concentrator throughput at Escondida.”

WAIO production increased by six per cent to a six month record 128 million tonnes (145 million tonnes on a 100 per cent basis), reflecting record production at Jimblebar and strong performance across the supply chain, with significant improvements in car dumper productivity and reliability. This was partially offset by weather impacts and the planned Mining Area C and South Flank major tie-in activity. Production in the March 2021 quarter is expected to be impacted by planned Ore Handling Plant maintenance across the mines and continued Mining Area C and South Flank tie-in activity.

Samarco re-commenced iron ore pellet production in December 2020 after meeting the licencing requirements to restart operations at the Germano complex in Minas Gerais and Ubu complex in Espirito Santo, Brazil. Samarco's operations were suspended following the failure of the Fund3o dam on 5 November 2015. Samarco's gradual restart of operations incorporates one concentrator at the Germano complex and a pelletising plant at Ubu, as well as a new system of tailings disposal combining a confined pit and tailings filtering system for dry stacking. Production for the 2021 financial year is expected to be between 1 and 2 million tonnes. Production capacity of approximately 8 million tonnes per annum (100 per cent basis) is expected once ramped up.

Guidance for the 2021 financial year has increased to between 245 and 255 million tonnes, reflecting the restart of Samarco in December 2020 (between 1 and 2 million tonnes).

Source - Strategic Research Institute
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voestalpine Restarts 2nd Blast Furnace in Donawitz

In response to the current level of orders in the long steel sector, voestalpine is now once again operating two blast furnaces at the site in Donawitz. One of the two furnaces, which have an annual pig iron production capacity of around 750,000 tonnes and underwent scheduled interim repairs during summer 2020, was restarted in order to meet the growth in demand. The current market situation is stimulating demand for pre materials in the Metal Engineering Division’s business segments, making it necessary to restart the second blast furnace in Donawitz.

The two furnaces at the site in Styria have a joint annual capacity of around 1.5 million tonnes of pig iron. Following the restart, all five voestalpine Group blast furnaces are now in operation, including those in Linz which have a total combined annual production capacity of around 5 million tonnes of pig iron.

voestalpine however cautioned “Due to the coronavirus pandemic and continued lockdown measures in many countries, the economic outlook for the coming months remains extremely uncertain.”

Source - Strategic Research Institute
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Indian Iron Ore Exports to China to Retreat in 2021

South China Morning Post reported that according to analysts India is not poised to become a major new supplier of iron ore to China, despite an increase in iron ore trade between the two countries in 2020. Analysts said “Increase of 21 million tonnes of iron ore imports from India was a mere 1.5% of the total 1.4 billion tonnes of iron ore that China imported in 2020. That is nowhere near enough to transform India into a key supplier. The increase in last year’s exports was commercially opportunistic, with Indian exporters taking advantage of China’s strong demand and sharply higher iron ore prices, all the while offloading surplus ore during a year in which domestic steel production was disrupted by the coronavirus pandemic. India’s protection of its domestic iron ore supply for its own steelmaking industry is also expected to stop it from becoming a major net exporter. Other hurdles include India’s 30% export duty on iron ore having more than 58% iron content, which makes it expensive for buyers such as China. We don’t see India as a meaningful alternative for Australia or Brazil in the long term.”

Wood Mackenzie senior iron ore analyst Ms Kim Christie said “India has traditionally been a swing supplier. We saw a tighter seaborne supply of iron ore last year, Chinese demand was unusually higher than anticipated and prices were great. India saw an opportunity to increase its exports, and there was also a bit of relaxation in selling ore outside of India. The volume of Indian iron ore exports this year to drift back towards 2019 levels”

According to China’s customs data, China’s imports of Indian iron ore rose 88% YoY in 2020 to 44.8 million tonnes from 23.8 million tonnes in img.i-scmp.com/cdn-cgi/image/fit=contain,width=1098,format=auto/sites/default/files/styles/1200x800/public/d8/images/methode/2021/01/22/68cb4942-5bd4-11eb-a99a-beae699a1a1d_image_hires_045058.jpg?itok=3OBKO2A1&v=1611262270

Source - Strategic Research Institute
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Macsteel Agrees to Redeploy Workers

News24 reported that National Union of Metalworkers of South Africa has called off its members strike at Macsteel after the steel producing company agreed to try to redeploy workers that were due to be retrenched. NUMSA said “Macsteel has agreed to try to place retrenched workers into vacant positions within the firm before the end of February 2021. Macsteel also agreed to ensure that those workers, where reasonably possible, do not earn less than what they earned before retrenchment. The union members accepted the terms of Macsteel's settlement proposal and agreed to end the strike.”

NUMSA said the agreement allows it to nominate two individuals to actively participate in the placement process. The employment date of retrenched workers who are successfully placed into vacant positions will be backdated to 1 January 2021. But they will retain all monies paid to them, including the severance pay when they were retrenched. NUMSA said "We have also secured in the agreement that all employees who participated in the strike will be paid their wages and benefits in full, even if they downed tools during that period. Therefore, the 'no work, no pay' principle does not apply.”

Macsteel welcomed the return to work of its employees this morning as the impasse between unionised and non unionised workers is resolved. It said “The company reached a mutual consensus with the National Union of Metalworkers of South Africa. Macsteel regrets the need for these retrenchments but remains committed to adapting to changing economic conditions and protecting remaining jobs.”

Macsteel had first announced its intentions to retrench 99 workers in June last year, blaming it on worsening economic conditions which forced it to adapt in order to remain viable and sustainable.

Source - Strategic Research Institute
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CISA to Lead Carbon Emission Reduction in Steel Sector in China

Chinese media reported that China Iron and Steel Association is advancing a series of carbon emission reduction programs to help fulfil China's commitment to green development and has set up a new committee to lead efforts aimed at carbon emission reduction planning, research and development of carbon emission reduction techniques and setting carbon emission reduction regulation policies. An expert group will support the works of committee covering policies, techniques and finance

It i also reported that Chinese state controlled steel enterprise Baowu Steel Group announced that the company is making effort to reach peak of carbon dioxide emissions in 2023 and realize carbon neutral in 2050.

The Central Economic Work Conference held in Beijing in December 2020 stressed that realizing carbon neutrality and peak carbon dioxide emissions are two important goals in China's future development. China vowed to peak the carbon dioxide emission before 2030 and realized carbon neutral before 2060.

China is the world’s biggest greenhouse gas emitter, and its steel industry accounts for around 15% of the country’s total carbon emissions.

Source - Strategic Research Institute
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MMK Retains Top Position in Coated Steel Producers in Russia

The leading Russian industry magazine Metal Supply and Sales has published its traditional rating of leading metallurgical companies based on results for the second half of 2020. Magnitogorsk Iron and Steel Works has again been recognised as the best Russian manufacturer of galvanized and coated flat products. MMK Group is the largest supplier of galvanized rolled products in Russia, and annually sells about 1.3 million tonnes of these products on the market. The main consumers of the plant’s galvanized products include the construction sector and the automotive industry. MMK Group’s two main products in this segment are hot dip galvanized and electro galvanized rolled products.

For the last three years, MMK Group has been offering consumers new product electro galvanized rolled products produced at MMK-Lysvensky Metallurgical Plant. These products have higher paintwork adhesion and improved weldability. As such, MMK Group currently has the most extensive zinc coating capabilities in Russia, from 30 to 600 grams per square meters and can meet any market demand.

MMK Group is also the largest producer of rolled products with polymer coating. The key consumer of such products is the construction industry, where it is used as a substrate for to produce metal tiles, corrugated steel sheets and sandwich panels. The Group’s two production sites in Magnitogorsk and Lysva offer the widest range of rolled products with polymer coating from the economy to premium segments. A special place is occupied by two premium niche products rolled products with a deep matte wrinkled finish textured rolled products with large and medium texture and a new generation of rolled products under the SteelArt brand similar to widely known brand PrinTech. Among the advantages of this premium MMK products are increased resistance to corrosion and mechanical damage, long-term preservation of decorative properties, a wide choice of metal bases, high environmental friendliness and the ability to imitate natural materials.

In addition, MMK was included in the top three manufacturers of sheet metal in Metal Supply and Sales' rating for the second half of 2020. Two other MMK Group companies also featured in the rating: Magnitogorsk Hardware and Calibration Plant MMK-METIZ were in the top three hardware product manufacturers, and MMK Trading House was included in the top five steel trading houses.

The rating of leading Russian manufacturers and traders of ferrous and non-ferrous metal products for the second half of 2020 was compiled by Metal Supply and Sales magazine on the basis of questionnaires received from metal product buyers, the results of a survey of metal market experts, as well as a comprehensive analysis of the companies' activities. The criteria considered were business dynamism, supply volume, level of service, product quality, supplier reliability in terms of fulfilment of contractual obligations and transparency in providing information.

Source - Strategic Research Institute
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JSPL Reports Super Strong Profits in Oct-Dec 2020 Quarter

Jindal Steel and Power Limited has reported a net profit of INR 2,566.7 crore on a consolidated basis in the October-December 2020 quarter as compared to INR 218.6 crore loss in October-December 2019 quarter. Revenue in the quarter was INR 10,898.7 crore, nearly 45% higher YoY as steel sales increased 12% to 1.9 million tonne amid rising long steel and flat steel prices. JSPL’s EBITDA in the quarter was INR 4,252 crore, registering an annual growth of 134%. EBITDA margins increased 15 percentage points to 39%

JSPL has decreased its debt levels to INR 25,621 crore at the end of the quarter, INR 9,836 crore lower than the same period last year. Lower debts also led to finance cost falling about 20% to INR 728.3 crore in the three-month period.

Source - Strategic Research Institute
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Nippon Steel to Acquire Tokyo Rope Manufacturing Co Shares

Nippon Steel Corporation is to acquire the shares of common stock of Tokyo Rope Manufacturing Co Ltd through a tender offer to promote restructuring of Company’s management and governance systems. Nippon Steel, as a shareholder of Tokyo Rope Manufacturing Co Ltd, has continuously held dialogue with the Target Company’s management team from mid May 2017 until mid February 2020, just before the spread of COVID-19 and encouraged them to improve the business, including by pointing out management issues to be addressed. Nevertheless, the management team of Tokyo Rope Manufacturing Co Ltd has displayed neither a sense of crisis with respect to the damage to corporate value nor an intention to take measures for the management issues. Therefore, no specific discussions toward recovery and improvement of the corporate value of Tokyo Rope Manufacturing Co Ltd have been developed since the conversation held in mid May 2017 to date. As such, because the management team has not exhibited an intention to take measures for the management issues, Nippon Steel cannot expect any constructive discussions even if Nippon Steel discusses the implementation of the Tender Offer with Tokyo Rope Manufacturing Co Ltd in advance. Accordingly, Nippon Steel has not held any prior discussions on the Tender Offer with the Tokyo Rope Manufacturing Co Ltd to date. Therefore, as of today, Nippon Steel has not received the Tokyo Rope Manufacturing Co Ltd’s support for the Tender Offer.

Tokyo Rope Manufacturing Co Ltd founded in 1887 in Azabu in Tokyo and commenced manufacturing of industrial Manila hemp rope. Tokyo Rope Manufacturing Co Ltd group consists of Tokyo Rope Manufacturing Co Ltd, twenty eight subsidiaries, and six affiliates which are engaged in manufacturing and sales of wire rope and wire, steel cord, product development, and others such as industrial machinery, powder metallurgical products, and oil products and real estate leasing, as well as logistics, processing and other service activities related to each business segment. Nippon Steel is a shareholder of the Tokyo Rope Manufacturing Co Ltd and also a base material manufacturer supplying wire rod, a raw material for Tokyo Rope Manufacturing Co Ltd’s key products.

Wire rope and wire refers to wire rope products used for elevators, cranes, ropeways, etc; wire products used to reinforce submarine optical cables and electric wires; and fiber ropes and networks for fishery and marine use.

Source - Strategic Research Institute
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Danieli Billet Reheating Furnace in Operation at JSW Toranagallu

Danieli Centro Combustion India completed the scheduled start-up of the new, 220 tonnes per hour walking beam reheating furnace at wire rod mill 2 of JSW’s Toranagallu site in India. The furnace heats up cold billets with excellent temperature uniformity thanks to tailor-made burners along with proprietary Proportional High Low PHL technology in the combustion control system. Electrical and automation controls were provided by Danieli Automation India. Furnace dry out was performed before the start up of the rolling mill.

Most of the commissioning was executed using remote connection. Very limited presence of Danieli experts for the last few days of hot commissioning was enough to complete tuning of the system and to achieve the first hot billet. Strong cooperation by JSW and Danieli teams contributed significantly to a timely project execution.

This 220 tonnes per hour furnace is the third reheating furnace supplied by Danieli Centro Combustion operating at JSW and the second in Toranagallu. The 245- tonnes per hour walking beam furnace in operation at Dolvi since 2014, is the largest billet reheating furnace in operation in India.

Source - Strategic Research Institute
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Salzgitter Supplies Pipes & Pipe Bends Pipeline Project in Qatar

The Salzgitter Group has received a major order for around 160,000 tonnes of longitudinally welded large pipes and pipe bends for a major pipeline project in Qatar. The order was placed with the international trading subsidiary of Salzgitter AG, Salzgitter Mannesmann International GmbH. In addition to monitoring the supply chain, the company is also responsible for all project coordination and execution steps.

The large pipes are produced by EUROPIPE GmbH, Mulheim, a joint venture between Salzgitter AG and AG der Dillinger Huttenwerke. The pipe bends are manufactured in the Mulheim pipe bending plant of Salzgitter Mannesmann Grobblech GmbH. Production for the pipes and elbows will start in early 2021.

Source - Strategic Research Institute
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Primetals to Modernize Rolling Mill at Acciaierie Venete in Italy

Primetals Technologies has been contracted by Acciaierie Venete SpA for the modernization of the finishing train of the rolling mill installed in Mura in Brescia Province of Italy. The project comprises the replacement of eight existing housing type rolling stands with modern housing less type Red Ring Series 5 units, which are lighter and more conveniently movable from the rolling line to the workshop and vice versa. The new Red Ring stands will allow significantly shorter change times, and will make the maintenance operations easier and quicker. The series 5 of the Red Ring stands offers a prolonged lifetime of wear components. Existing rolling rolls and guiding equipment will be reutilized.

Primetals Technologies will provide the process technology, the design, the construction and the installation of the new equipment. The supply includes 8 Red Ring RR575 in horizontal, vertical and convertible configurations. The supplied Red Ring stands have a maximum working roll centreline distance of 785 mm and a roll barrel of 1,000 mm. For one of the two convertible stands, a new gear reduction group will be supplied with a twin selectable exit, apt to drive the stand in either horizontal or vertical configuration.

The Red Ring chocks will be adapted to accommodate the radial bearings mounted in the existing stands, so that many rolling rolls may be reutilized, with only minor adaptations required. Also, the existing guiding equipment will be reused. In order for the present rolling campaign management to be as least affected as feasible, it will be possible to adjust the roll gap of the Red Ring stands either symmetrically or asymmetrically with respect to the rolling axis.

Beside the main eight stands, the supply comprises eight stands as operating spares, each with nucleus, holder, roll gap adjustment system and guide support system, workshop devices for stand preparation and roll change, connecting roller tables, loop formers, lubrication and hydraulic components, and a set of stainless-steel piping round off the supply. The hot commissioning of modernized mill is expected to start in August 2021.

Acciaierie Venete SpA is headquartered in Padua. The rolling mill of Acciaierie Venete has a yearly production capacity of 180,000 tonnes and utilizes semi-products with widths between 220 and 390 mm. The mill processes carbon and quality steels, which are rolled in long products such as flats with 400 mm maximum width, symmetrical angles and U shapes with 150 mm maximum size.

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TMK Tests Premium Oil & Gas Pipes as per international standards

For the first time in Russia, the Scientific and Technical Center of the Pipe Metallurgical Company TMK in Skolkovo carried out comprehensive bench tests of premium oil and gas pipe joints. In the course of research, which took several months, the capabilities of the TMK UP CENTUM quick-assembly screw connection were verified. The tests were carried out according to the standards of the International Organization for Standardization. These studies were the culmination of a number of preparatory works that began since the opening of the STC at the end of 2019, during which the center's specialists prepared test benches for testing, ensured the operability of the equipment, selected the necessary materials and worked out the test methodology. The preparation of a prototype TMK UP CENTUM connection was also an important step. During the testing itself, the resistance of this premium connection to the stresses that the pipe string is subjected to during the production of hard-to-recover reserves, when superheated steam is pumped into the well to recover heavy, highly viscous oil, is verified to activate the oil reservoirs.

The test program was based on the ISO document Qualification of Casing Joint for Thermally Stimulated Wells. In the laboratory, the conditions in the well were recreated: the sample was kept for 120 hours at a temperature of 290 degree Centigrade, and also subjected to thermal cycling loads in the range from 40 to 290 degree Centigrade, while simultaneously applying an internal pressure of more than 70 bar and providing axial compression of the pipe. The TMK UP CENTUM connection retained its tightness at all stages of the test program and confirmed a unique set of performance properties.

There are two test benches in the R&D Center: the first one allows stretching and compressing pipe samples up to 762 mm in diameter with a force of 3 thousand tons, the second is designed for samples up to 406 mm in diameter and develops a force of 1.8 thousand tons. During the tests, the temperature of pipes can reach 350 degree Centigrade at a maximum internal and external pressure of more than 2 thousand bar, which by a significant margin exceeds the current requirements for pipe products for oil and gas production. The rigs also provide the ability to bend specimens, with a maximum bend of 20 degrees for a specimen length of 30 meters.

Source - Strategic Research Institute
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LNG Powered Iron Ore Bulker HL Green Lands at Gwangyang for Posco

South Korean media reported that liquefied natural gas powered bulk carrier HL Green has arrived at Gwangyang in South Jeolla, with 180,000 tonnes iron ore to be supplied to Posco's steel factories. Measuring 292 meters in length, 45 meters in width and 24.8 meters in depth, Posco claims its HL Green bunk carrier is the largest existing LNG ship in the world. Posco said “This is the first case in the world that an LNG powered bunk carrier has operated on a route between countries. HL Green launched from Mokpo in South Jeolla on its first journey last December to pick up iron ore from Australia. With the load, it returned to Gwangyang.”

While the direct owner of the ships is H-Line Shipping, Posco signed a long term contract to ensure the two carriers will be used to transport the steelmaker’s materials. On January 26, the other LNG carrier HL Eco will arrive in Korea with coal from Australia.

The adoption of an eco friendly carrier is in line with strengthening regulations. From last year, the International Maritime Organization has obliged ships to use marine fuel with a sulfur content of no more than 0.5%, from the previous 3.5%. That meant shippers have to either replace their carriers with LNG-powered ships or install additional equipment to reduce sulfur emissions. Using LNG in place of bunker oil can reduce emissions of sulfur oxide and nitrogen oxide by 99% and 85% each.

Source - Strategic Research Institute
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SMS Digital to Optimize Energy Efficiency at SULB Bahrain

SULB and SMS group’s SMS digital are cooperating in identifying and tapping potentials for energy savings in SULB’s integrated steelworks in Bahrain. Alongside SMS group, Brazil based SMS Group Company energy management and related solutions specialist Vetta and North Carolina USA based world leader in direct reduced iron technology Midrex Technologies Inc are partners to the project. SMS has set up a consulting team made up of its top process and metallurgy specialists from its various plant technology areas, energy experts and specialists in AI based digitalization. Only this unique, concerted approach by all partners involved and their in-depth and highly focused expertise enables a holistic investigation and implementation of solutions that will allow SULB to tap the full scope of energy savings opportunities.

As early as in spring 2020, when the Quick Assessment, Module A of the cooperation agreement, was performed, SULB took a first key step in making its operations more efficient and, as a result, more cost effective. The aims of that first phase of the project were to identify the focus areas and specific measures to reduce the energy consumption, including natural gas, electricity and process gas. Along the complete production chain, fifty measures were identified. A full host of levers were proposed, from the use of smart management systems via adaptation of processes to an improved product mix. For every identified measure, a comprehensive and detailed description, a qualitative assessment of the underlying energy savings potential and the associated implementation effort were provided. An implementation plan was set up, including the milestones on the path to SULB’s strategic energy-efficiency goal.

With Module B, Deep Dive Analysis and Implementation, the second phase of the project has been kicked off. This phase will see SULB and SMS digital draw up a strategy to achieve a fast and significant Return on Investment. Module B concentrates on four areas: direct reduction plant, electric arc furnace and ladle furnace, heavy section mill and integrated energy management. Vetta, for example, will play a key role in the analysis and proposition of an integrated energy management system. The company will evaluate the energy-related key performance indicators (KPIs) of the complete works, derive conclusions and make recommendations as to how energy efficiency can be improved. This analysis will form a key element for the implementation of a digital solution for intelligent energy management. For the direct reduction plant, Midrex will show how the MIDREX H2 technology can help reduce the carbon footprint via the use of green hydrogen, paving the way for a step-wise transition to emission-free steelmaking. Midrex will support SULB via remote-monitoring of the MIDREX plant via the Remote Professional Services option to help make operation of the MIDREX direct reduction plant more energy and cost efficient.

All Module B activities will be performed via real-time data transfer connections by requesting data via remote access. First measures will be completed in early February 2021, while others will be implemented successively until mid-2021. After completion of all project measures, SULB will be able to achieve significant cost savings as a result of lower natural gas and electricity consumption and will be a pioneer in the region with its smart and highly efficient steelworks.

SULB operates an integrated steelworks in Hidd in Bahrain. This steel complex covers the complete production chain from direct reduction to finish rolled products. A key asset of the mill is the flexible combi caster, designed to produce a wide range of cast formats and sizes, ranging from billets to heavy beam blanks. In 2011, SMS supplied the complete equipment for the steelworks on a turnkey basis as a mini mill with an annual capacity of 850,000 tonnes of steel. In 2012, a 1.5 million tonnes per year MIDREX Direct Reduction Plant was added to the complex.

Source - Strategic Research Institute
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BSRM Steel Mills to Merge with BSRM Ltd

The Daily Star reported that Bangladesh based BSRM Steel Mills Ltd is set to merge with its listed parent company BSRM Ltd after the board of directors of the group approved the merger with effect from February 1. Owners of BSRM Steel Mills will get the shares of BSRM Ltd at a ratio of 1: 0.5005. To complete the merger, BSRM Ltd will have to issue an additional 10.86 crore shares. The shares will be locked for three years. BSRM Ltd deputy managing director Mr Tapan Sengupta said “BSRM Steel Mills supplies raw materials. So, the merger will be beneficial at the end. BSRM Steel Mills doesn't sell its products in the market, so there is no need for it to operate as a separate entity As a non listed company, BSRM Steel Mills has to pay 10 percentage points higher corporate tax compared to a listed firm and bear some extra costs as a separate entity. Now, these costs will reduce.”

This is the second merger for the companies within the Chattogram based group. In 2017, BSRM Steel Ltd and BSRM Iron and Steel Company Ltd merged.

BSRM Steels Limited with a steel making capacity of 700000 tonnes started production in 2008 and has been listed with the stock exchanges in Bangladesh since 2009.On the other hand, Bangladesh Steels Re Rolling Mills Ltd with a capacityof 400,000 tonnes to manufacture mild steel products since 1960 has been listed with the stock exchanges in Bangladesh on since 2015.

Source - Strategic Research Institute
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