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1. voda 3 februari 2021 11:13

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   Court of Lucerne Rejects Allegations of Liwet against Swiss Steel
   
   Swiss Steel announced that in its decision dated 29 January 2021, the district court has now rejected Liwet Holding AG's request for provisional measure on the grounds that Liwet failed to present credibly valid reasons why the capital increase approved by shareholders on 22 December 2020 could be challenged. Amongst others, the court held that Liwet had failed to credibly show that its minority rights would be violated by the planned capital increase. The court further held that it was not credible that Liwet would be disadvantaged vis-à-vis BigPoint Holding in the planned capital increase in any unjustified manner. Finally, the court recognized that Swiss Steel Holding AG had good reasons for executing the capital increase and rejected Liwet's allegations claiming that the shareholders had not been sufficiently informed.
   
   The decision of the district court is subject to a right of appeal to the Cantonal Court of Lucerne, whereby the district court expressly held that an appeal would have no suspensive effect, unless decided otherwise by the court of appeal. For procedural reasons it is therefore at present not entirely clear whether or when, respectively, the block on the registration will be lifted to enable the company to start the execution of the capital increase. It cannot be excluded that despite the clear findings of the court, Liwet will continue to obstruct the process irrespective of the damage it thereby knowingly causes to the company and all other shareholders. In that case, Swiss Steel Holding AG continues to be determined to defend itself with all appropriate legal remedies against the irresponsible actions of Liwet and its representatives.
   
   As announced on 7 January 2021, Liwet Holding AG obtained a block on the registration with the commercial registry of the Canton of Lucerne of the capital increase, which had been approved with an overwhelming majority at the extraordinary shareholders meeting held on 22 December 2020. Subsequently Liwet filed for an injunction with the district court of the city of Lucerne seeking a provisional measure for the purpose of continuing of the block on the registration.
   
   Source - Strategic Research Institute
2. voda 3 februari 2021 11:49

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   NLMK USA Steel Shipments Decine by 27% YoY
   
   Shipments from Russian steelmaker NLMK's US based subsidiary declined by 27% to 1.6 million tonnes. Volumes were down across products with cold-rolled shipments falling by 31% to 313,000 tonne, galvanized steel dropping by 28% to 567,000 tonnes and shipments of hot rolled steel down by 25% to 1.176 million tonnes. The company attributed the decline in 2020 to the widespread negative impacts of the Covid-19 pandemic.
   
   In addition, NLMK highlighted a 21pc sequential rise in scrap costs in the US and EU, reflecting the rally in rolled steel prices and demand. Lower scrap collection volumes because of Covid-19 restrictions also played a role, the company said.
   
   Source - Strategic Research Institute
3. voda 3 februari 2021 11:50

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   PERMA PIPE to Supply Subsea Insulated Pipes for Dome Patrol Field
   
   PERMA-PIPE has been awarded a contract from LLOG Exploration Offshore to supply 5.1 miles of subsea insulated pipeline for the Dome Patrol Field in the Gulf of Mexico. The contract scope awarded to PERMA-PIPE covers overseeing engineering support, pipe coating, and supplying FLOW-THERM pre-insulated pipe system. The project will utilize FLOW–THERM, formerly Auto-Therm, a glass syntactic polyurethane that is PERMA-PIPE's most popular thermal insulation product suitable for temperatures up to 108 degree Celcius. The project will be executed at our New Iberia, Louisiana facility with the delivery of Q2 2021.
   
   FLOW-THERM is high efficient, cost-effective, and with excellent compressive resistance when used on subsea flowlines, risers, field joints, and equipment, including jumpers, pipeline end terminations, pipeline end manifolds, and inline structures shrouds, and doghouses for deep and ultra-deepwater requirements.
   
   Source - Strategic Research Institute
4. voda 3 februari 2021 11:51

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   Worthington Industries Divests Oil & Gas Equipment Business
   
   Worthington Industries Inc announced that it sold its oil & gas equipment business to an affiliate of Ten Oaks Group. The divestiture includes the related operating assets located in Bremen, Ohio and Tulsa in Oklahoma in US. Worthington retained the real estate associated with the business and is leasing it back to the new owners, who will operate the business as Westerman Inc. Worthington received nominal consideration at closing and may receive additional consideration in the future.
   
   President and CEO Andy Rose said “We’re pleased to find a family-owned buyer in Ten Oaks that can better position our oil & gas equipment business for success. The employees in this business are dedicated and have worked tirelessly to bring innovative solutions to the markets they serve. We are grateful for their contributions to Worthington and wish them success moving forward.”
   
   Source - Strategic Research Institute
5. voda 4 februari 2021 12:00

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   Spain Extradites AHMSA Former Chairman Mr Ancira to Mexico
   
   Spanish authorities announced that they have extradited Mexico’s largest integrated steel plant Altos Hornos de Mexico former chairman Mr Alonso Ancira to Mexico to face trial for corruption and money laundering. Mr Ancira was arrested in Mallorca in Spain in May 2019 as he boarded a plane to Canada and was imprisoned for his outstanding charges in Mexico. Last November, Mr Ancira tried to stop Spanish authorities from extraditing him, but a local court rejected his motion. He is expected to appear before a judge in Mexico City and be imprisoned at Reclusorio Norte.
   
   Mr Ancira faces corruption and money laundering charges after he was implicated in the fraudulent sale-purchase of Agros Nitrogenados, a plant fertilizer firm and subsidiary of AHMSA. According to court documents, Ancira sold the firm at an inflated price to Mr Emilio Lozoya, former chief of the state-owned oil company Pemex. Mr Lozoya bought Agro Nitrogenados for USD 475 million when the property was only worth USD 50 million. In addition to this fraudulent sale-purchase, Mexican investigators discovered that AHMSA paid millions in bribes to the Brazilian construction giant Odebrecht and one of its subsidiaries. The subsidiary acted as a shell company and part of the bribes were shared with Mr Lozoya. This corruption case unfolded during the administration of President Enrique Pena Nieto
   
   Mr Ancira was born in Mexico City in 1952. He studied law at the University of Anahuac and got an honorary doctorate degree from the University of Incarnate Word and Texas A&M University. In 1991, he was promoted to Managing Director of AHMSA, and in 1993 he became the President of the National Chamber of Iron and Steel. By 2004, he was appointed as the President of AHMSA and all its subsidiaries. Mr Ancira was at one point the riches person in Coahuila, where he lived, and one of the richest businessmen in Mexico.
   
   Source - Strategic Research Institute
6. voda 4 februari 2021 12:01

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   Thyssenkrupp Steel Trials Hydrogen Injection into Blast Furnace 9
   
   thyssenkrupp Steel has successfully completed the first phase of hydrogen tests on Blast Furnace 9 in Duisburg. In recent months, several tests on one of the 28 tuyeres of this blast furnace could be conducted, while complying with corona requirements, among them some long term tests. The company has gained important findings in these tests, enabling it to extend the tests to all tuyeres in the next step and to transfer this technology to large scale industrial use. The injection tests are part of the company’s climate strategy with which it intends to reduce its CO2 emissions by 30 percent by 2030.
   
   On November 11, 2019, thyssenkrupp Steel was the first company globally to inject hydrogen into a blast furnace during operation. Hydrogen replaces coal dust as additional reducing agent. The goal is to reduce CO2 emissions – for unlike carbon, hydrogen does not react in the blast furnace to form CO2, but water. The project is funded under the IN4climate.NRW initiative launched by the state government, is scientifically supported by the BFI research institute and supplied with hydrogen by Air Liquide.
   
   A particular focus of the first test phase was on findings on plant technology with the use of hydrogen. To this end, injection of hydrogen was tested on one of the 28 tuyeres of Blast furnace 9 at the Duisburg site. Based on continual data collection and analyses during the 24-hour tests, the team was able to gather extensive information, for instance, on the positioning of the hydrogen lance in the furnace, on flow and pressure conditions and on the interaction between elevated temperatures and plant technology. The collected data were used to optimize the hydrogen technology with each trial. It was also possible to reach the envisaged injection volume of about 1,000 cubic meters hydrogen per hour in the tests.
   
   In the second test phase, the tests will be extended to all 28 tuyeres of the blast furnace, thus paving the way for large-scale industrial use. The focus of research will then be on the impact of hydrogen technology on the metallurgical processes in the blast furnace. The second phase is scheduled to start in 2022, somewhat later than originally planned due to the corona pandemic. While the hydrogen for the first test phase was delivered by truck, a pipeline is required for the quantities of hydrogen needed for the second phase.
   
   Source - Strategic Research Institute
7. voda 4 februari 2021 12:01

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   38 Hurt in Accident during Maintenance at Uttam Metallics Plant
   
   38 workers are injured, two of them critically, after coming in contact with hot air and coal particles from a furnace at the Uttam Galva Metallics steel plant near Wardha in Maharashtra on February 3, 2021. The furnace was shut on evening of 2 February for annual maintenance. At 5.30 AM on 3 February 2021, 50 workers were removing the fly ash from the furnace when some of them came in contact with hot air & coal particles and sustained burn injuries.
   
   While 28 injured were taken to the Vinoba Bhave hospital at Savangi, 10 were shifted to the Kasturba hospital at Sevagram in Wardha. Six workers, who sustained over 40 per cent burn injuries, were later shifted to an intensive care unit.
   
   Uttam Galva Metallics is located at Bhugaon village, 10 km from Wardha town and is a manufacturer of cold rolled steel and galvanized steel
   
   Earlier this month, UK-based alternative investment manager Nithia Capital and a global alternative investment manager CarVal Investors announced the acquisition of Uttam Galva Metallics Limited and Uttam Value Steel Limited for INR 2,000 crore through Wardha Steel Holdings, Nithia Capital's Singapore-based joint venture holding company.
   
   Source - Strategic Research Institute
8. voda 4 februari 2021 12:02

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   Severstal Commissions Cherepovets Blast Furnace 3
   
   Leading Russian steel producer Severstal has successfully commissioned the blast furnace 3 at its Cherepovets integrated plant in Russia. This furnace was idled and dismantled in 2007. The activities related to the project were revitalized in 2018. At that same time Severstal and Danieli Corus signed a contract for the design, equipment supply and performing services for erection and commissioning supervision for the blast furnace and gas cleaning system. The furnace was built with a 3290 cubic meters useful volume and was equipped with a Hoogovens design cooling and lining system, selected by Severstal’s based on the excellent experience with this design on blast furnace 4, modernized with Danieli Corus technology in 2005.
   
   Severstal has been able to accomplish the commissioning of blast furnace 3 as per original schedule.
   
   According to Evgeny Vinogradov, General Director of the Severstal Russian Steel Division and the company's resource assets, the DP-3 reconstruction project provides for the maximum environmental friendliness of pig iron production along the entire technological chain and sources using the best available technologies. The main object of the dust and gas collection system is the aspiration system and gas cleaning. The aspiration system provides for air purification from dust from workplaces and technological operations. Gas cleaning, in turn, provides cleaning of blast furnace gas.https://www.danieli.com/media/formato4/press_5207.jpg
   
   Source - Strategic Research Institute
9. voda 4 februari 2021 12:03

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   ArcelorMittal Restarts CokeOven Battery 9 at Taranto Plant inItaly
   
   ArcelorMittal Italia announced that the first Coke from Battery 9 of the Taranto steel plant was baked on 2 February 2021. The plant, which has been shut down since March 2013, was subject to a complete environmentalization, in accordance with the provisions of the AIA prescription of the Prime Minister's Decree of September 2017.
   
   The technological innovations concern: the installation and commissioning of the SoPreCo system, for the pressure control of each single furnace of the Coil; the filter to the flue gas stack of the Battery; of the new transfer-car for the abatement of dust during the churning of Coke and the new extinguishing shower 5. All these interventions have already been verified by the ISPRA control body.
   
   In the coming months, the same adjustments will also be operational in the remaining Batteries 7, 8 and 12.
   
   Source - Strategic Research Institute
10. voda 4 februari 2021 12:04

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    Czech Trinecke zelezarny to Modernize BF6 & Caster 1 in 2021
    
    Czech Republic’s steel maker Trinecke zelezarny, after investing CZK 1.4 billion in 2020, plans to invest CZK 1.6 billion in 2021. Trinecke zelezarny CEO Mr Jan Czudek said "We compiled the investment plan with regard to the current market situation, economic prospects, and we also took into account the consequences of the coronavirus pandemic.”
    
    Trinecke zelezarny announced major overhaul of the of one of the two blast furnaces in Trinec, blast furnace No 6 in operation for 22 years in the second half of August 2021, which will last 70 days and cost CZK 600 million. The furnace hearth will also be renovated and the modernization of the last of the three wind heaters will be completed, ensuring energy savings.
    
    Trinecke zelezarny will also modernize the equipment for continuous casting No 1 in 2021, where it will replace the original frames of the guide stands from 1989 and transform the casting strands into the possibility of casting a round bloom diameter of 600 mm. Two casting strands with this dimension have been operating in ironworks since 2018. The total cost will not exceed CZK 300 million.
    
    In the summer, Trinecke zelezarny will launch a significant ecological investment in the processing of raw materials. It is a dedusting device for sampling and processing of the mixture for the production of blast furnace sinter. The new large machine is equipped with a dedusting system, thanks to which less dust escapes into the air during the processing of raw materials for the production of pig iron and steel. The smelter is financed both projects together with the funds of the Operational Program Environment.
    
    Companies in the Trinecke zelezarny Moravia Steel Group will work intensively this year to update the steel production strategy with the aim of reducing CO2 emissions in the area of primary production and energy.
    
    Source - Strategic Research Institute
11. voda 4 februari 2021 12:04

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    Vallourec Undertakes Major Financial Restructuring
    
    World’s leading seamless pipe maker Vallourec announced that it has reached a major step in its financial restructuring, with an agreement in principle with its main creditors. This agreement meets the Company's objectives to rebalance its capital structure by reducing its debt and securing the necessary liquidity that will enable the Company to implement its strategic plan in a volatile market environment. The Agreement in Principle has been entered into by the Company and a group of lenders representing together 65.1% of the total amount of the Company's financial debt. It involves a EUR1.8 billion debt reduction via a shareholders' rights issue, creditors taking equity stakes and a write off by commercial banks of EUR 169 million in debt.
    
    The implementation of this plan, expected at the end of the first semester, after obtaining the required approvals, will result in the entry of two new reference shareholders, Apollo and SVPGlobal. Investment funds Apollo Global Management Inc, holding between 23.2% and 29.3% of the share capital and Strategic Value Partners LLC, holding between 9.7% and 12.3% of the share capital, will become Vallourec's two largest shareholders. Steelmaker Nippon Steel will reduce its holding in Vallourec's share capital to 3.4% from the current 14.56% and will also sell back to Vallourec the 15.4% stake held by itself and Sumitomo Corp. in Brazilian joint venture Vallourec Solucoes Tubulares do Brasil.
    
    The Agreement in Principle would enable the Company to consolidate its balance sheet and reduce its debt and interest expenses to a suitable level that takes into account the consequences and uncertainties related to the Covid and oil markets crisis. This new favorable framework, combined with the strong structural measures initiated during financial year 2020, would enable the Company to implement its strategic plan to strengthen its market position.
    
    Source - Strategic Research Institute
12. voda 4 februari 2021 12:05

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    ChelPipe Supplies Seamless Pipes for Rooppur NPP in Bangladesh
    
    The enterprises of the Russian ChTPZ Group supplied a comprehensive engineering solution for the construction of the first and second power units of the Rooppur nuclear power plant in Bangladesh. Orders over 3,500 tonnes include seamless pipes, blocks and piping parts. ChTPZ Group’s Connecting pipelines SOT and ETERNO together with partners, the companies Atomtruboprovodmontazh and Interenergo Trade, manufactured and supplied 2,500 tonnes of blocks and pipeline parts in 2020, more than 700 tonnes of products will be shipped to the customer in the first half of 2021. The products will be used in critical systems of the primary and secondary circuits of the Rooppur NPP. In accordance with the customer's request, the products passed two-level control with the involvement of specialists from the Bangladesh Atomic Energy Commission and the Bangladesh Atomic Energy Regulatory Authority represented by the authorized organization VO Safety, as well as specialists from the authorized organization in the field of nuclear engineering" VPO ZNPP.
    
    ChTPZ Group’s Pervouralsk Novotrubny Plant PNTZ also supplied about 300 tonnes of seamless stainless steel pipes for the project. The products will be used for the manufacture of steam generators, which are designed to remove heat from the coolant and generate dry saturated steam in the reactor plant of the second unit of the NPP.
    
    The Rooppur NPP is the first nuclear power plant in Bangladesh, being built 160 km from the city of Dhaka according to a Russian project with two reactors with a total capacity of 2,400 MW. Previously, the products of the ChTPZ Group were used in the construction of Russian and foreign NPPs, such as Kursk NPP, Novovoronezh NPP, Leningradskaya NPP, Kudankulam in India, Tianwan in China & Akkuyu in Turkey.
    
    Source - Strategic Research Institute
13. voda 4 februari 2021 12:06

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    CORSMA Thanks Steel Minister for Reduction in Steel Import Duty
    
    Cold Rolled Steel Manufacturers Association of India has thanked India’s Steel Minister Mr Dharmendra Pradhan for changes regarding import of steel into India, announced in Budget. CORSMA ED Mr NK Sood in a letter to Steel Minister wrote “We appreciate that due consideration is being given to the industry’s concerns’, as projected by CORSMA. As a result of the same, two of our proposals relating to the reduction of Custom Duty on HR Coil and input to CRGO have been duly considered in the budget announcement on 1st February 2021. Accordingly, Customs Duty in case of HR Coil has been reduced to 7.5% from 12.5% and in case of input material to CRGO, the Custom Duty has been reduced from 2.5% to zero percent. This would not have happened without the support of the Steel Ministry.”
    
    Mr Sood added “Reduction in duty in case of input material to CRGO may encourage investment and increase in the production volume by M/s. Thyssenkrupp Electrical Steel India Pvt Ltd Nasik.”
    
    Source - Strategic Research Institute
14. voda 4 februari 2021 12:07

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    Nippon Steel to Sell Stake in Vallourec Solugoes Tubulares Brasil
    
    Nippon Steel Corporation announced that it has reached an agreement with Vallourec SA, an important strategic partner in the pipe and tube business, regarding Nippon Steel’s participation in the share capital increase proposed by Vallourec in the form of a rights offering to subscribe to new Vallourec shares, with preferential subscription rights for existing shareholders Rights Issue
    
    In Brazil, Nippon Steel and Vallourec have continued efforts to improve the financial performance of Vallourec Solugoes Tubulares do Brasil SA, a pipe manufacturing joint venture among Nippon Steel, Sumitomo Corporation and Vallourec However, the demand for carbon OCTG pipes produced by VSB for Nippon Steel has declined since last year. As it is not economically viable for Nippon Steel to maintain its allocated annual capacity of 300 thousand tonnes at VSB, Nippon Steel has exercised a put option pursuant to the joint venture agreement of VSB to sell all of the 15% shares in VSB owned by Nippon Steel group to Vallourec. The transfer of shares is scheduled to be completed by the end of March 2021. The allocated capacity of VSB for Nippon Steel will gradually decrease and terminate in 2022.
    
    By implementing the above plans, Nippon Steel will concentrate its production of OCTG pipes to Kansai Works and improve the cost competitiveness, as well as enhancing the high-grade product capability, and further strengthening the profitability of the OCTG pipe business.
    
    For more than 40 years, Nippon Steel and Vallourec have established and maintained strong partnership through cooperation in developing VAM premium joints for OCTG business, as well as operating joint ventures in Brazil, USA and Asia. Since 2016, Nippon Steel and Vallourec have accelerated the VAM premium joint development programs, and have expanded the scope of cooperation to include industrialization and enhanced customer service capabilities.
    
    Source - Strategic Research Institute
15. voda 4 februari 2021 12:08

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    Schnitzer Steel Settles Environmental Violation Claims at Oakland
    
    US media reported that Portland based scrap metal recycler Schnitzer Inc will pay USD 4.1 million to settle a lawsuit by Alameda County and the State of California alleging the company allowed hazardous waste to pollute surrounding areas of West Oakland and the Oakland Estuary in California. The settlement will resolve claims that Schnitzer Steel violated emissions rules and failed to adequately warn the community about lead and cadmium exposure from the facility in Oakland. The settlement also requires Schnitzer to significantly change its operations to protect the health of Oakland residents and the environment, including the installation of air filtration system at a cost of nearly USD 1.9 million to cut emissions by 98%.
    
    Schnitzer Steel also agrees to
    
    —Update its metal shredding and recycling practices to protect the health of Oakland residents and the environment
    
    —Maintain enclosures over its metal shredding operations
    
    —Install equipment to abate air emissions
    
    —Continue to remove visible accumulations of hazardous light fibrous material
    
    —Stop accepting, treating, and storing hazardous waste that is generated offsite
    
    —Provide warnings to individuals who live or work nearby that the facility can expose them to hazardous chemicals
    
    Funding from the settlement will also pay for investments in environment projects in West Oakland.
    
    Investigators and scientists collected dozens of samples of light fibrous material exceeding regulatory limits for lead, copper, and zinc from businesses, health offices, the Oakland Estuary, and other areas within a half mile of the Schnitzer Steel location. Since 2018, here have been at least five fires involving hazardous waste at the facility
    
    Last fall, the air district settled an agreement with Schnitzer that requires it to install equipment to reduce its emissions by the end of 2022 and pay a USD 500,000 fine.
    
    Schnitzer is a global leader in the metals recycling industry. Founded in 1906, it collects, process and recycle raw scrap metal, ferrous and nonferrous, and provide processed scrap metal to mills and foundries around the world.
    
    Source - Strategic Research Institute
16. voda 4 februari 2021 12:09

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    OMK Reorganizing Almetyevsk Pipe Plant in Tatarstan
    
    Russian United Metallurgical Company OMK has begun the procedure for reorganizing its controlled company JSC Almetyevsk Pipe Plant in the Republic of Tatarstan in Russia in the form of a merger with Vyksa Metallurgical Plant JSC, which is the largest of the production centers of the OMK Steel Spectrum business unit. In this regard, in the 2nd quarter of 2021, ATZ JSC will cease its activities as a legal entity, its production facilities, rights and obligations to customers, partners and employees will be transferred in full to VSW JSC and a branch will be created in Almetyevsk JSC VMZ.
    
    At the end of 2020, OMK transformed its sales strategy and system to best meet market needs. To this end, the company has formed eight industry-specific business units that interact with customers in the area of products and services, and OMK plants have become their production centers. The Vyksa and Almetyevsk plants of OMK are now production centers for the OMK Steel Spectrum business unit, which specializes in working with clients in industry, the construction industry and other areas of the regional markets for tubular products, flat and long rolled metal products. The reorganization of the pipe plant in Tatarstan and the merger of two production sites into one enterprise will increase the efficiency of work, optimize the corporate structure, reduce the volume of document circulation, expand production capabilities,
    
    Source - Strategic Research Institute
17. voda 4 februari 2021 12:09

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    Chromeni Steel Welcomes AD & CVD Removal on Stainless Steel Import
    
    Business Line reported that Chromeni Steels Pvt Ltd has welcomed the Budget proposals to rollback anti dumping and countervailing duties on imports of stainless steel products. Chromeni Steels Director Mr Pratik Shah said “We, at Chromeni Steels, welcome the proposed revocation of anti-dumping duty and countervailing duties on the imports of flat products from certain countries. This decision will benefit thousands of downstream MSMEs, who have been suffering for months due to rampant raw material price increases and irregularities in supply. The revocation of ADD and CVD would bring much needed balance to the stainless steel prices, which had been artificially going up by as much as 40% in past 6-8 months. Revoking these ADD and CVD will now create a level playing field for the entire stainless steel sector, including the end user industries.”
    
    Mr Shah added that “Affordable barrier-free raw material will go a long way in protecting domestic downstream industry and saving thousands of jobs. Chromeni will now put its scaling up plan back on track and re-commit itself to catering to India’s rising stainless steel demand.”
    
    Indian Finance Minister Ms Nirmala Seetaraman in her Budget speech announced revoking ADD & CVD on certain stainless steel products.
    
    Countervailing duty is being temporarily revoked for the period commencing from 2.2.2021 till 30.09.2021, on imports of Certain Hot Rolled and Cold Rolled Stainless Steel Flat Products, originating in or exported from People's Republic of China, imposed vide notification No. 1/2017-Cus (CVD) dated 7.09.2017.
    
    Provisional Countervailing duty is being revoked on imports Flat Products of Stainless Steel, originating in or exported from Indonesia, imposed vide notification No. 2/2020-Customs (CVD) dated 9.10.2020.
    
    In Sunset Review, anti-dumping duty on Cold-Rolled Flat Products of Stainless Steel of width 600 mm to 1250 mm and above 1250 mm of non bonafide usage originating in or exported from People's Republic of China, Korea RP, European Union, South Africa, Taiwan, Thailand and United States of America has been discontinued upon expiry of the anti-dumping duty hitherto leviable vide notifications no. 61/2015-Customs (ADD) dated 11th December, 2015 and 52/2017-Customs (ADD) dated 24th October, 2017.
    
    Chromeni Steels Pvt Ltd is a Chinese joint venture of Gujarat’s four business groups. Based in China’s Zhejiang province, Tsingshan Industries had formed a JV with a group of business houses from Gujarat including Sunrise Group, Suncity Group, JP Iscon Group and VD Group to set up a cold rolled coils plant at Mundra in Gujarat. Chromeni Steel has production capacity of around 1 million tonnes per annum of cold rolled coils and looks to set up additional one million tonnes by 2022, apart from four million tonnes per annum of hot rolled coils capacities by 2025.
    
    Source - Strategic Research Institute
18. voda 4 februari 2021 12:10

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    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 19 apr 2024

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    Metalloinvest Operational Results for 2020
    
    Leading Russian mining and metallurgy company Metalloinvest announced its operational results for the twelve months and the fourth quarter of 2020. Metalloinvest CEO Mr Nazim Efendiev said "Despite the challenges of 2020, we were able to maintain our production at a high level during the year. The production of iron ore, our core product, amounted to 40.4 million tonnes, which is 0.5% more than last year. Steel production increased to almost 5 million tonnes, mainly due to an increase in volumes at Ural Steel after the reconstruction of electric arc furnaces using the innovative FMF technology that took place in 2019. Share of high value-added products in the total volume of iron ore shipments remained at the level of 72%. The milestone events of 2020 were the launch of a unique crushing and conveyor facility and the beginning of production of premium pellets for metallisation at Andrey Varichev Mikhailovsky GOK. This allows the Company to continue implementing its strategy of improving product quality and ensuring sustainable sales."
    
    In FY 2020, iron ore production amounted to 40.4 million tonnes, a 0.5% YoY increase. This is mainly attributed to an increase in productivity due to the processing of higher quality ore. In Q4 2020, production volumes decreased by 1.0% QoQ and amounted to 10.1 million tonnes. The decrease in volumes is associated with equipment repairs. Due to the reconstruction of Pellet Plant #3 at MGOK, which took place in Q3 of 2020, pellet production in FY 2020 decreased by 1.8% YoY and amounted to 27.6 million tonnes. In FY 2020, the total volume of iron ore product shipments to third parties increased by 6.5% YoY and amounted to 28.7 In FY 2020, the total volume of iron ore product shipments to third parties increased by 6.5% y-o-y and amounted to 28.7 mn tonnes. The main growth driver was an increase in pellet shipments to Europe
    
    In FY 2020, the Company produced 7.8 million tonnes of HBI/DRI, which is 0.9% less than in 2019. The decrease is due to the overhaul of HBI Plant 1 and HBI Plant 3 and the modernisation of DRI Plant 1 in Q3 of 2020. In Q4 of 2020, due to the completion of the modernisation of DRI Plant 1 in Q3 of 2020, HBI/DRI production increased by 23.2% QoQ. The pellets and HBI & DRI continued to prevail in the total volume of iron ore product shipments and amounted to 72.0% in FY 2020
    
    In FY 2020, hot metal production decreased by 16.3% YoY and amounted to 2.3 million tonnes, due to a decrease in the productivity of Blast Furnace 3 at Ural Steel, as a result of preparatory works that took place in Q4 of 2020 for the upcoming reconstruction. Crude steel production increased by 2.0% YoY to nearly 5.0 million tonnes. This growth was mainly a result of the reconstruction of electric arc furnaces using FMF technology at Ural Steel carried out in 2019, an optimisation of repair time at OEMK and the recovery in demand for Rolling Mill 2800's products. Pig iron supplies to third parties decreased from 1.7 million tonnes in FY 2019 to 1.2 million tonnes in FY 2020 due to a decline in production. In FY 2020, pig iron and steel product shipments to the Russian market increased by 1.5% YoY and amounted to 32.1%
    
    In October 2020, the ball rolling facility was launched at OEMK. In Q4 of 2020, shipments amounted to 9,300 tonnes, all of which was shipped to LGOK and MGOK
    
    Source - Strategic Research Institute
19. voda 4 februari 2021 12:11

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    • voda

      Lid sinds: 02 dec 2005

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    Tenaris Committed to Greener Steel Production
    
    Word’s leading seamless pipe maker Tenaris continues to seek ways to reduce its environmental footprint through the use of new technologies and optimized processes as part of its commitment to sustainable steel production, in ine with the objectives of the Paris Agreement. Tenaris is aware of its role as an industrial leader in this challenge and is committed to contribute to new products that help to lower overall energy emissions and to further reduce the emissions from its own processes. The sourcing of steel products is one of the decisions an oil and gas company takes that has an impact on the emissions of an overall project. Tenaris already offers products with a relatively low level of emissions since the technology we use for steel production is mainly based on melting recycled scrap in electric arc furnaces. Over the past years, Tenaris has reduced its emissions intensity principally through the introduction of the most energy-efficient technologies in its new facilities, energy efficiency initiatives in its older facilities and investing to securing energy from highly efficient combined cycle power plants.
    
    In Mexico, a state of the art combined cycle natural gas fired power plant began operations in 2017, with a lower emissions factor than the national system, and is supplying 95% of the electricity needs of Tenaris’s seamless mill in Veracruz.
    
    The Bay City in Texas, seamless pipe mill in the US was designed to achieve stringent environmental performance standards in terms of nitrogen oxide air emissions, particulate materials, volatile organic compounds and also CO2 emissions. It is the first seamless pipe mill in the country to be classified as a minor source of emissions by the US Environmental Protection Agency. Located in Texas, this facility uses natural gas as its sole fuel, sources water from existing wells and is actively seeking LEED certification, a green building certification programme recognised worldwide.
    
    Tenaris is now looking to accelerate the reduction of its CO2 emissions intensity through a wider range of alternatives and projects. Dalmine Zero Emissions is one of the new initiatives the company is evaluating and aims to become the first application of green hydrogen on an industrial scale in Italy’s steel sector. For this, Tenaris has partnered with energy companies Edison and Snam to work together in the decarbonisation of Dalmine, Tenaris’s seamless pipe mill in Bergamo. The project involves generating green hydrogen and oxygen through a 20 MW electrolyser to replace natural gas in the steelmaking process.
    
    Source - Strategic Research Institute
20. voda 5 februari 2021 07:24

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    • voda

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    Omwonenden zijn vervuiling zat en doen aangifte van strafbare feiten tegen Tata Steel
    
    Advocaat Bénédicte Ficq gaat namens dertig partijen aangifte doen tegen staalgigant Tata Steel uit IJmuiden. De partijen willen het bedrijf voor de strafrechter slepen omdat het bewust ‘stoffen in de bodem, lucht of oppervlaktewater zou brengen’ die een gevaar zijn voor de volksgezondheid. Een strafbaar feit waar twaalf jaar cel op staat.
    
    Victor Schildkamp 05-02-21, 02:03
    
    Tot de partijen die aangifte doen behoren onder meer stichting Duinbehoud en de stichting Frisse Wind Nu, waarin tal van omwonenden en bezorgde ouders zijn vertegenwoordigd. Frisse Wind Nu is speciaal opgericht om te strijden tegen ‘het stof, stank en kabaal van Tata Steel’.
    
    ‘We leven onder wolken van zeer gevaarlijke stoffen. Onze omgeving wordt moedwillig vervuild door de industrie op nog geen vijfhonderd meter afstand van onze woonwijken. Wij komen op voor de basisrechten van onze kinderen: schone lucht, schoon water, een gezond en veilig thuis,’ aldus de stichting op haar website. ‘Wij zijn nu niet veilig in onze huizen, scholen of speeltuinen en leven in een continue staat van ernstige bezorgdheid.’
    
    Tabaksindustrie
    Tata Steel werd in het verleden door provincie en rechtbanken al vaker aangepakt op het overtreden van de regels. ,,Maar de dwangsommen werden dan gewoon verdisconteerd in hun verdienmodel, sterker: ze trokken het af van de belasting,” aldus Bénédicte Ficq, met wie de stichting contact zocht vanwege haar pogingen de tabaksindustrie voor de rechter te slepen. Dat mislukte. ,,Maar in tegenstelling tot de zaak tegen de tabaksindustrie is hier veel makkelijker aan te tonen dat Tata Steel gewoon schadelijke stoffen het milieu in brengt in strijd met de vergunningsregels. Dit blijkt onder meer uit de vele meldingen die Tata zelf doet door ‘incidenten’ te melden bij de Omgevingsdienst,” aldus Ficq.
    
    De advocaat komt trouwens op voor mens én dier in de omgeving van het staalbedrijf. ,,Want ik ga ook aangifte doen van dierenmishandeling.”
    
    Hoewel Tata Steel al meerdere keren op de vingers werd getikt, werd het bedrijf nooit strafrechtelijk aangepakt. De verantwoordelijke directie kan tegen een celstraf van maximaal twaalf jaar oplopen, of zelfs vijftien jaar als kan worden aangetoond dat door het gedrag van de staalgigant een of meerdere personen zijn overleden.
    
    Volgens de stichting Frisse Wind Nu komt in het IJmond-gebied longkanker 25 procent vaker voor dan in de rest van Nederland. In sommige postcodegebieden in Beverwijk en Velsen is dat percentage nog veel hoger. Qua ultrafijnstof zou de hele regio te zelfs vergeleken zijn met een druk verkeersplein.
    
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