ArcelorMittal LU1598757687

Nieuws en info hier plaatsen (deel 4)

1. voda 22 februari 2021 09:42

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 19 apr 2024

   • Aanbevelingen

     Ontvangen: 81741

     Gegeven: 20855

   •    Aantal posts: 364.021

   MMK Sold 7.4 Million Tonnes of Steel in Russia in 2020
   
   Despite the difficulties associated with the COVID-19 coronavirus pandemic, PJSC MMK sold 7.43 million tonnes of metal products in the Russian market last year, of which about 30% or 2.39 million tonnes fell on sales to metal trading companies. About half of this volume of production was distributed to the warehouses of metal trading companies located in the market of the Urals, the Volga region, Siberia and the Far East. The most popular products were hot rolled steel and steel grades, which accounted for more than 60% of sales, 34% and 29% respectively.
   
   About 40% of MMK's total sales to the metal trading industry and metal service centers are sold through its own sales network OOO MMK Trading House, which is an authorized representative of the plant in all regions of Russia and in the Republic of Kazakhstan. At present, TH MMK has 32 separate subdivisions in Russia, which makes it possible to provide sales to all leading industrial centers, as well as five subdivisions in the Republic of Kazakhstan.
   
   In 2020, TH MMK showed shipment dynamics similar to the general trends in the market, a decline in the second quarter and an increase in the second half of the year. In general, the increase in sales in relation to 2019 amounted to 11%, the same amount was an increase in the average order size, while the growth in shipments to the construction industry enterprises due to government support measures amounted to 17%, and sales to transport engineering enterprises showed an 18% growth.
   
   Source - Strategic Research Institute
2. voda 22 februari 2021 09:43

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 19 apr 2024

   • Aanbevelingen

     Ontvangen: 81741

     Gegeven: 20855

   •    Aantal posts: 364.021

   EC Opens AD Duty Probe on Graphite Electrodes from China
   
   The European Commission has begun anti-dumping proceedings against graphite electrode products from China. The complaint was lodged on 4 January 2021 by Graphite Cova GmbH, Showa Denko Carbon Holding GmbH and Tokai ErftCarbon GmbH. The complainants have provided evidence that imports of the product under investigation from the country concerned have increased overall in absolute terms and in terms of market share. The investigation will determine whether the product under investigation originating in the country concerned is being dumped and whether the dumped imports have caused injury to the Union industry. If the conclusions are affirmative, the investigation will examine whether the imposition of measures would not be against the Union interest. The investigation will cover the period between January 1, 2020 and December 31, 2020. Any request for a hearing with regard to the initiation of the investigation must be submitted within 15 days of the date of publication of this Notice. The provisional measures are expected to be announced within seven months.
   
   The product subject to this investigation is graphite electrodes of a kind used for electric furnaces, with an apparent density of 1.5 gms per centimetre or more and an electrical resistance of 7.0 pQm or less, and nipples used for such electrodes, whether imported together or separately. They are classified under CN codes ex 8545 11 00 and ex 8545 90 90.
   
   Source - Strategic Research Institute
3. voda 22 februari 2021 09:43

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 19 apr 2024

   • Aanbevelingen

     Ontvangen: 81741

     Gegeven: 20855

   •    Aantal posts: 364.021

   Taiwan Sees Limited Impact of Korean AD Duties on Stainless Steel
   
   Focus Taiwan reported that Taiwan Steel & Iron Industries Association said that South Korea's plan to impose anti dumping duty of 9.2-9.51% on imports of flat rolled stainless steel products from Taiwan would have only a slight impact on Taiwanese steelmakers if finalized. TSIIA said that “Taiwanese stainless steel producers send only a small percentage of their exports to South Korea, and the duties are relatively low compared with those faced by competitors in two other countries. Taiwan exported 719,000 tonnes of flat-rolled steel in 2020, of which 6.9%, or 49,000 tonnes. Because China and Indonesia are Taiwan's main competitors in the South Korean market, and the stainless steel from those two countries would face higher anti-dumping rates, any anti-dumping measure taken should not have a major impact on Taiwanese producers.”
   
   South Korea's Trade Commission initiated an anti-dumping duty investigation on certain flat-rolled stainless steel from China, Indonesia and Taiwan after South Korea's largest steelmaker POSCO, filed a complaint in July last year. In a preliminary ruling, South Korea's Trade Commission found that steelmakers of Taiwan, China and Indonesia had dumped their flat-rolled steel products into the South Korean market. As a result, it will launch another investigation of at least three months against suppliers from the three sources before a final decision on anti-dumping tariffs is made. In its preliminary decision, in addition to the projected tariffs against Taiwanese suppliers, South Korea said it planned to impose an anti-dumping tariff of 49.04% against Chinese steelmakers and a 29.68% tariff against Indonesian suppliers.
   
   The products subject to the probe are flat-rolled stainless steel products 8mm thick, and the investigation covers the period from 2017 to apceroundtable.com/app/uploads/2019/1...
   
   Source - Strategic Research Institute
4. voda 22 februari 2021 09:44

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 19 apr 2024

   • Aanbevelingen

     Ontvangen: 81741

     Gegeven: 20855

   •    Aantal posts: 364.021

   AHMSA Steel Production Hit by Natural Gas Shortages from US
   
   Mexico’s mining and steel companies are facing disruption and spiralling costs after Texas halted natural gas exports following historic winter storms. Mexico’s biggest steelmakers based Altos Hornos de México said “The suspension in the supply of electricity and the decrease in natural gas deliveries forced Altos Hornos de México to stop production at the steel plants and in the coal and iron mines, with an accumulated decrease to date of more than 20 thousand tonnes of liquid steel. AHMSA CEO Luis Zamudio Miechielsen said “The iron plants and mines are in a shutdown protocol, without production and with the operation focused on the protection of fundamental equipment, in order to have the possibility of a rapid replacement a once the supply of energy and fuel is normalized. The company hopes that supply problems will be resolved shortly and once operations in the coal and iron mines are normalized and the supply of essential inputs is replenished, with the application of an intensive production plan, work will be done to recover lost volumes of steel production.”
   
   AHMSA added “For the same reasons, many customers have seen their normal operations disrupted and delays have been generated in payments that AHMSA should receive, an effect that is added to the lower sale of steel products, which translates into a greater impact on the close provision of flows with which the company has been operating.”
   
   Freezing conditions in the US state impacted supplies, leading to power outages across Mexico’s northern states and a surge in natural gas spot prices. Texas state governor Greg Abbot has ordered producers to halt natural gas exports until February 21. Mexico is heavily reliant on US exports of natural gas, from which more than 60% of its power is generated. The Mexican government has urged people to reduce electricity use, while federal power company CFE seeks to increase power generation from other sources. These include hydroelectricity, fuel oil and liquefied natural gas and coal, although some coal mining operations have been halted due to electricity shortages.
   
   Monclova city in Coahuila state based Ahmsa has two steel plants and operates its own iron ore and metallurgical coal mines. Its crude steel production capacity is about 5.5 million tonnes per year, but it has been operating at 40% of capacity after idling blast furnace No 6 in early 2020.
   
   Source - Strategic Research Institute
5. voda 22 februari 2021 09:45

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 19 apr 2024

   • Aanbevelingen

     Ontvangen: 81741

     Gegeven: 20855

   •    Aantal posts: 364.021

   EVRAZ Metal Inprom Rebar for Cultural Complex Sirius in Sochi
   
   EVRAZ Metal Inprom supplies rebar for the construction of the Sirius concert and theatre complex in Sochi. The EMI branch in Krasnodar has already shipped 1,300 tonnes of A500C rebar and will continue to supply rolled metal in 2021. EVRAZ Metall Inprom General Director Mr Sergey Sintsov said “EVRAZ participates in almost all major infrastructure projects in Russia. We are constantly improving our customer service and acting as a reliable link in the distribution of high-quality metal from manufacturers to consumers throughout the country.”
   
   The ultra-modern concert and theatre complex "Sirius" on the territory of the Olympic Park will become one of the best Russian centers of world musical art and will make a significant contribution to the development of the Krasnodar Territory. The building will embody the principles of a multifunctional concert complex with an open space, where, in addition to three halls, there will be the possibility of organizing outdoor events. The construction of the complex is carried out taking into account high technological standards and using environmentally friendly materials. Now concrete work is underway, the slab is poured and the support monolithic structures are being removed. Construction of a parking area has begun.
   
   Source - Strategic Research Institute
6. voda 22 februari 2021 09:45

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 19 apr 2024

   • Aanbevelingen

     Ontvangen: 81741

     Gegeven: 20855

   •    Aantal posts: 364.021

   North American Oil & Gas Rig Count Decreases in Week 07
   
   Houston based oil field Services Company Baker Hughes reported for the week ending February 19, US rotary rig count remained stable at 397 rigs. The number of rigs drilling for gas increased by one to 91, while the number of rigs drilling for oil decreased by one to 305. The overall rig count is now down by 394 rigs in a year-on-year comparison. Meanwhile, the Canadian rig count decreased by four to 172 rigs in the week ending February 19. The Canadian rig count is now down by 79 rigs compared to the same week a year ago.
   
   Baker Hughes has issued the rotary rig counts as a service to the petroleum industry since 1944, when Baker Hughes Tool Company began weekly counts of US and Canadian drilling activity. Baker Hughes initiated the monthly international rig count in 1975. The Baker Hughes Rig Counts are an important business barometer for the drilling industry and its suppliers. When drilling rigs are active they consume products and services produced by the oil service industry. The active rig count acts as a leading indicator of demand for products used in drilling, completing, producing and processing hydrocarbons.
   
   Source - Strategic Research Institute
7. voda 22 februari 2021 09:46

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 19 apr 2024

   • Aanbevelingen

     Ontvangen: 81741

     Gegeven: 20855

   •    Aantal posts: 364.021

   Evraz NA Fined for 2 Workplace Injuries at Regina Steel Plant
   
   Regina Leader Post reported that Evraz North America has been issued two fines totalling CAD 935,000 for a pair of workplace injuries that happened at its Regina steel plant in 2019. Ministry of Labour Relations and Workplace Safety said that the company pleaded guilty in Regina Provincial Court on February 9 for violating the Occupational Health and Safety Regulations for two separate incidents. The company pleaded guilty to contravening clause 12(a) of the regulations “being an employer, fail to provide and maintain plant, systems of work and working environments that ensure, as far as is reasonably practicable, the health, safety and welfare at work of the employer’s workers, resulting in the serious injury to a worker.”
   
   One of the incidents occurred on January 24, 2019 when a worker was rolling a pipe and slipped on ice and snow, causing them to be pinned between the pipe and a steel plate of a conveyor, resulting in serious injuries. Evraz was fined CAD 257,142 with a CAD 102,857 surcharge, for a total of CAD 360,000.
   
   The other incident happened at the steel plant on February 6, 2019. A worker was attempting to put out a grease fire on a machine, which moved, causing serious injury. The employee lost an arm in the incident. The company was fined CAD 410,714 with a CAD 164,285 surcharge, for a total of CAD 575,000.
   
   The largest steel company in western Canada, EVRAZ Regina, formerly a part of IPSCO Tubular, is a minimill recycling steel scrap and producing carbon steel slabs, flat rolled discrete plate and coil. The energy tubular product line has three major components oil and gas well casing and tubing, small-diameter line pipe and large-diameter line pipe.
   
   Source - Strategic Research Institute
8. voda 22 februari 2021 09:49

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 19 apr 2024

   • Aanbevelingen

     Ontvangen: 81741

     Gegeven: 20855

   •    Aantal posts: 364.021

   OMK Supplies Pipeline Fittings toGazprom for Kharasaveyskoye Field
   
   United Metallurgical Company OM supplied more than 1,100 tonnes of pipe fittings to Gazprom for the development of the Kharasaveyskoye gas condensate field located in Yamal Peninsula beyond the Arctic Circle in 2020. All products were manufactured at the OMK Chelyabinsk plant. For the construction of the pipeline, the enterprise from September 2020 to January 2021 manufactured more than 650 bends bent using high-frequency currents from high-strength pipes with a diameter of 530 and 1420 mm with a wall thickness of 15.5 mm to 31.8 mm. The products are made of steel grade K 60 and are designed to work in the Far North at temperatures up to minus 60 degrees Celsius and high pressure up to 11.8 MPa. The elbows were made at new and modernized pipe bending mills of German AWS S?ha?fer and Belgian CB&I Cojafex BV production.
   
   “This pipeline project for the production of hydrocarbons in the Arctic latitudes of Western Siberia posed a serious challenge to the builders of the gas pipeline. OMK Trubodetal was already ready for this challenge. We have participated in all major pipeline projects of our time, often being the first to offer the market products with improved performance characteristics, including those for operation in the harsh climatic conditions of the Far North, ”said Yuri Sunyaev, head of the OMK Trubodetal business unit.
   
   OMK's Chelyabinsk plant has mastered the production of products capable of operating in the Arctic, participating in Gazprom's project for the construction of the Bovanenkovo-Ukhta gas trunkline.
   
   The Kharasaveyskoye gas condensate field is located on the Yamal Peninsula 520 km north of Salekhard, north of the Bovanenkovskoye field, mainly onshore and partially in the Kara Sea. It is the second, after Bovanenkovo, the main field of the Yamal gas production center. In terms of gas reserves of 2 trillion cubic meters, it is classified as unique. Gazprom and its subsidiary Gazprom Dobycha Nadym began development of the field in March 2019. Gas production is scheduled to start in 2023. To transport the gas produced at the Kharasaveyskoye field, a 106 km gas pipeline will be built to the Bovanenkovskoye field. Then gas will be supplied to the Unified Gas Supply System of Russia.
   
   Source - Strategic Research Institute
9. voda 22 februari 2021 09:52

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 19 apr 2024

   • Aanbevelingen

     Ontvangen: 81741

     Gegeven: 20855

   •    Aantal posts: 364.021

   Bluescope May Reline BF 6 at Port Kembla Steelworks
   
   BlueScope is considering options for the future configuration of the Port Kembla Steelworks, once the No 5 Blast Furnace comes to the end of its current operating campaign, which is now expected to occur in the late 2020s, with an indicative range of 2026 to 2030. The furnace is operating well, and the business is planning to continue to operate it for as long as it is efficient, reliable and safe to do so. However, given the critical nature of iron making to the Port Kembla operations, to safe-guard supply, an alternate source of iron may need to be available from 2026. BlueScope’s initial focus is on the option to reline the currently mothballed No 6 Blast Furnace. The scope, cost and timing are being developed. This option may enable the project to be conducted over a longer period to minimise operational disruption, optimise the asset and spread the capital expenditure. BlueScope has commenced a pre-feasibility assessment with an expected cost of around AUD 10 million in accordance with BlueScope's rigorous multi-stage capital investment evaluation process; the highly indicative capital cost is around AUD 700-800 million.
   
   At this point, a reline is likely to be the most technically feasible and economically attractive option for Australian steelmaking while longer-term breakthrough low-emission technologies are developed. Evaluation of measures to reduce carbon emissions intensity of iron and steelmaking are a key part of the process, as evidenced by the establishment of the role, and the appointment, of a new Chief Executive for Climate Change. Given the strong earnings and cash flow capability of ASP there is significant flexibility and optionality to adopt new technologies and iron making configurations in the medium to longer term, as and when they are technically and commercially ready.
   
   Source - Strategic Research Institute
10. voda 22 februari 2021 09:53

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 19 apr 2024

    • Aanbevelingen

      Ontvangen: 81741

      Gegeven: 20855

    •    Aantal posts: 364.021

    Construction Sector in ASEAN-6 to Recover in 2021
    
    The South East Asia Iron and Steel Institute in a recent report said that “The ASEAN economy was badly hit in 2020 due to the COVID-19 outbreak. The construction sector in some countries has been shut down in line with the imposed lockdowns such as Philippines, Singapore and Thailand. Some have to delay their construction projects as they needed to divert funds into the healthcare sector, to contain the pandemic. However, many sources forecasted that the construction industry in ASEAN should recover in 2021 since it is the main sector that the Government in each country uses to boost the economy. Most of the ASEAN-6 economies are working on accelerating public infrastructure projects to get their economies back on recovery. However, challenges remain as Governments continue to battle the resurgence of COVID-19 as they open up their economies. There are hopes that vaccination will help protect the people and that will allow the economies to open without fear of more outbreaks. The construction sector is expected to improve in 2021, but growth is going to be uneven across the region.”
    
    Indonesia’s construction sector was moderately hit by the COVID-19 outbreak. The growth rate remained positive, from the earlier predicted growth of 5.72% to 0.2% in 2020. It is expected that the construction growth rate will increase by 5.1% YoY in 2021.
    
    In 2020, the Malaysian construction sector was the sector that contracted most, at 18.7% when compared to other sectors due to the pandemic. However, the Ministry of Finance announced that it is expected that construction sector will grow the most, at around 13.9% in 2021, with many infrastructure projects planned as indicated in the Malaysia 2021 Budget.
    
    The Philippines construction industry declined significantly by 9.2% in 2020 due to one of ASEAN’s more severe lockdown to contain the pandemic. However, it is expected that the construction industry in the country will bounce back with a growth rate of 8.3% from 2021 till 2024.
    
    In Singapore, the construction sector has been hardest-hit industry due to the pandemic, and it is expected to contract 33.7% for the full year of 2020. This comes after a 61% year-on-year contraction in Q2 2020, a 46.2% contraction in Q3 2020 and a 28.5% contraction in Q4 2020. The improvement in Q4 came with the resumption of construction activities after COVID-19 pandemic came under control.
    
    Thailand’s overall macroeconomic indicators showed recovery signs in the construction sector in the third quarter of 2020 (+10.5% y-o-y growth) compared to the second quarter of the same year (+7.4% y-o-y growth). The recovery of the first pandemic in the country has a great impact on construction sector, which found accelerated year on year, while other economic sectors found negative growth but at a slower pace than the preceding quarter.
    
    Vietnam’s economy grew 2.9% in 2020, and this is one of the fastest growing economies in the world during the COVID-19 pandemic. Among the main drivers behind the positive growth rate is public investment, with a range of public-funded infrastructure projects playing a major role in boosting demand, supporting enterprise development, and creating jobs.
    
    Source - Strategic Research Institute
11. voda 22 februari 2021 09:54

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 19 apr 2024

    • Aanbevelingen

      Ontvangen: 81741

      Gegeven: 20855

    •    Aantal posts: 364.021

    Liberty Steel Door Open for Thyssenkrupp Steel Unit Deal
    
    Handelsblatt reported that ThyssenKrupp’s announcement caught Liberty Steel’s boss Mr Sanjeev Gupta off guard as it was only on Monday that the Liberty Steel had updated their offer for the steel division of ThyssenKrupp in order to come closer to the ideas of the Ruhr group and could also have been ready for further negotiations. Mr Gupta told Handelsblatt that we believe we could have dispelled the concerns later. Another media report quoted a Liberty spokesperson as saying that "Discussions have been suspended at this stage due to differences in pricing expectations. However we are keeping the door open. Liberty remains confident that it has put forward the only long term sustainable plan for Thyssenkrupp's steel business and we will continue to engage to seek to eliminate the valuation gap in due course."
    
    Despite the gloomy outlook for the workforce, IG Metall is generally positive about the end of the talks. Board member at IG Metall and vice-chairman of the supervisory board at Thyssen-Krupp Mr Jürgen Kerner said "It is good that there is now clarity on this point. Now all resources have to be used to make the steel sector fit for the future. We are still convinced that, given the immense need for investment, it will not work without substantial commitment from the state in terms of bridge financing."
    
    The discussion about a spin off of the steel division is as old as the ThyssenKrupp group itself. When the two predecessor companies Krupp and Thyssen merged in 2000, there was already a fixed plan to list the steel division on the stock exchange. As an independent unit, the company part should form the platform for the consolidation of industry in Europe. When the capital markets collapsed after the turn of the millennium, management had to bury the plans. Steel became a core business again, but it remained a foreign body that led a life of its own. Little has changed since then, no matter who took the lead. In the past 20 years, as many strategies have been designed for ThyssenKrupp Steel as they have been thrown overboard. A number of potential buyers had canceled discussions until only Liberty Steel was left.
    
    GroupCEO Ms Martina Merz will now stick to the area, at least for the time being. What role the subsidiary with its 27,000 employees should play in the group, however, is left open. The hope is that a place can already be found in the Group of Companies she designed. But it won't be that easy. The industry is facing a radical change. Customers, especially from the automotive industry, want steel that is produced in a climate neutral way. ThyssenKrupp, like the rest of the industry, must adapt to this request and convert its steelworks accordingly. The way to carbon dioxide free steel production is via hydrogen and will cost ThyssenKrupp ten billion euros alone.
    
    On March 12, the company's supervisory board and board of directors want to discuss how the division should proceed. A reintegration into the group of companies or an IPO, which could be controlled through an interim participation of a financial investor are in the room. Both can be viable options. The board is also officially examining spin off of the division. But from the point of view of many observers, the hurdles for this are very high. Because the challenges that ThyssenKrupp Steel is facing harbor a great risk for investors.
    
    Thanks to the upturn in the economy, the steel division made it back into the black at the end of the year. But the burdens from overcapacities in Europe and the regulatory requirements for climate protection are immense.
    
    Source - Strategic Research Institute
12. voda 22 februari 2021 09:54

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 19 apr 2024

    • Aanbevelingen

      Ontvangen: 81741

      Gegeven: 20855

    •    Aantal posts: 364.021

    Nippon Steel Denies News of Kashima BF Closure
    
    Nippon Steel clarified that “Some media reported that East Nippon Works Kashima Area will stop operation of its blast furnace. However, this is not based on our official announcement. We have been working on strengthening the competitiveness of our steelmaking business and will announce measures whenever they have been finalized and determined. What was reported by the media at this time is not what we have decided.”
    
    Nikkei reported yesterday “Nippon Steel plans to freeze production at a blast furnace at its plant in Ibaraki Prefecture, near Tokyo, Nikkei has learned, the latest example of its efforts to deal with overcapacity in Japan. Along with other planned shutdowns, Nippon Steel's domestic production capacity will fall by about 20% when the Kashima furnace is shut.”
    
    Source - Strategic Research Institute
13. voda 22 februari 2021 09:58

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 19 apr 2024

    • Aanbevelingen

      Ontvangen: 81741

      Gegeven: 20855

    •    Aantal posts: 364.021

    ANDRITZ to Supply DRAP Line to Jindal Stainless
    
    International technology Group ANDRITZ has received an order from Jindal Stainless to supply a new direct rolling, annealing and pickling line DRAP-L. The new line will have an annual capacity of approximately 700,000 tonnes of cold-rolled, stainless steel strip in the 200, 300 and 400 series. Start-up of the line is planned for the end of 2022. The ANDRITZ scope of supplies and services includes the terminal equipment, three inline S6-high rolling mills, the furnace and pickling section, a skin pass mill, and automation of the complete process section. The new line will increase capacity, improve quality and enhance the company’s ability to compete thanks to the innovative line configuration.
    
    In 2008, ANDRITZ successfully delivered and erected two annealing and pickling lines for Jindal Stainless Limited, Odisha, India.
    
    Jindal Stainless Limited, founded in 1970, is by far the largest producer of stainless steel strip in India and a leading stainless steel company worldwide.
    
    Source - Strategic Research Institute
14. voda 22 februari 2021 09:59

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 19 apr 2024

    • Aanbevelingen

      Ontvangen: 81741

      Gegeven: 20855

    •    Aantal posts: 364.021

    Korea Imposes AD on Flat Steel from China, Indonesia & Taiwan
    
    Yonhap News Agency reported that South Korea's Trade Commission has made a preliminary ruling that steelmakers of China, Indonesia and Taiwan dumped their flat-rolled steel products into the South Korean market. Under the preliminary decision, South Korea plans to slap an anti-dumping tariff of 49.04%. The tariff for those from Indonesia will be set at 29.68% and around 9.5% for Taiwanese suppliers. The final ruling is expected to be delivered in July.
    
    The investigation came after South Korea's top steelmaker POSCO filed a complaint with the commission in July last year, arguing that flat-rolled steel products were being dumped into the local market.
    
    Source - Strategic Research Institute
15. voda 22 februari 2021 10:00

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 19 apr 2024

    • Aanbevelingen

      Ontvangen: 81741

      Gegeven: 20855

    •    Aantal posts: 364.021

    3 Killed in Coke Oven Stack Collapse at ArcelorMittal South Africa
    
    ArcelorMittal South Africa confirmed that the bodies of its three missing employees have now all been recovered. All three employees succumbed to injuries sustained in an incident at the company’s Vanderbijlpark Works on 17 February morning in which a portion of a 90 meter stack at one of the operation’s coke batteries failed and fell onto the coke battery control room in which the three employees were working. The families of the employees have been informed and are receiving the necessary support from the company.
    
    The company has launched an investigation into the cause of the incident. All relevant authorities have been notified and have been on site. The company will cooperate fully with their investigations.
    
    The National Union of Metalworkers of South Africa would ask the labor department to investigate the incident and whether ArcelorMittal acted fast enough to find the workers. NUMSA regional secretary for Sedibeng Mr Kabelo Ramokhathali said “This is a terrible and devastating incident, especially for the families of the victims. They have waited and anxiously hoped that their loved ones could be found alive. Unfortunately, that was not to be. We send our deepest condolences to the family and friends of those who have passed away. NUMSA is calling on the Department of Employment and Labour to embark on a detailed and thorough investigation into the cause of this incident.”
    
    NUMSA says ArcelorMittal has been “brutal” in the way it dealt with health and safety concerns raised by the union resulting in the dismissal of a shop steward who exposed poor health and safety protocols at the company prior to this accident.
    
    Source - Strategic Research Institute
16. voda 22 februari 2021 10:01

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 19 apr 2024

    • Aanbevelingen

      Ontvangen: 81741

      Gegeven: 20855

    •    Aantal posts: 364.021

    NMDC’s Donimalai & OMC’s 2 Iron Ore Mines Start Production
    
    Indian state owned iron ore miner NMDC informed that after obtaining the Lease extension of Donimalai Iron Ore Mine ML-2396 for 20 years wef 03.11.2018 from Government of Karnataka and completing the associated statutory requirements, the Donimalai Iron Ore Mine was restarted on 18.02.2021 forenoon. In 2018, NMDC had suspended iron ore mining at the mine following a decision of the state government to impose 80% premium on the iron ore sales from the mine. The capacity of Donimalai mine is 7 million tonnes per annum. The mine has reserves of about 90-100 million tonne which may last for the next 15-20 years.
    
    State owned Odisha Mining Corporation has started production in Jiling-Langlota and Guali iron ore mines. The two blocks have consolidated iron ore reserves of 275 million tonnes and central government had recently approved the proposal of the Odisha government to reserve two iron ore blocks in favour of the OMC within a short span of time of 25 days. The two mines are targeted to produce 12 million tonnes of iron ore annually, which will increase the OMC’s iron ore production to 20 million tonnes per annum.
    
    Source - Strategic Research Institute
17. voda 22 februari 2021 10:02

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 19 apr 2024

    • Aanbevelingen

      Ontvangen: 81741

      Gegeven: 20855

    •    Aantal posts: 364.021

    Danieli, Leonardo & Saipem Join Hands for Green Steel
    
    Danieli, Leonardo and Saipem have signed a framework agreement to work together on projects both in Italy, particularly in the South, and abroad, for the sustainable conversion of energy-intensive primary plants in the steel sector by driving and integrating an Italian technological and production chain that constitutes a world-class excellence. The three companies propose to jointly supply technologies and services aimed at reducing carbon dioxide emissions in the steel production process to create an innovative and sustainable model that is consistent with current environmental regulations and current national and EU CO2 emissions reduction objectives also in line with the CO2 reduction targets established by COP in the Paris Agreement. The new technological solution involves replacing conventional steel production processes based on blast furnaces with a new process that will use hybrid electric powered furnaces integrated with direct iron ore reduction plants that apply a methane and hydrogen mixture to obtain a green steel with limited Green House Gas emissions.
    
    As part of the agreement, Danieli will be the contractor for the supply of the direct reduction technological equipment and electric furnaces.
    
    Saipem will take charge of the on-site construction of plants, integrating technologies and competences required for the natural gas, hydrogen, and CO2 capture chains.
    
    Leonardo, through its Cyber Security Division, will take on the role of digital and security technological partner for Industry 4.0 integrated solutions aimed at safely optimizing the production processes, as well as for the protection of the physical and digital components (IT/OT/IoT/SCADA). Leonardo supports sustainable growth processes thanks to its leadership in new-generation technologies in line with its strategic plan “Be Tomorrow – Leonardo 2030”.
    
    In addition, the proprietary Energiron technology jointly developed by Danieli and Tenova based on the direct reduction of iron ore using natural gas or natural gas enriched with hydrogen will also be integrated into the new solution.
    
    Source - Strategic Research Institute
18. voda 22 februari 2021 10:02

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 19 apr 2024

    • Aanbevelingen

      Ontvangen: 81741

      Gegeven: 20855

    •    Aantal posts: 364.021

    GFG Alliance Appoints Head of Mining M&A & Head of Compliance
    
    Sustainable industry leader GFG Alliance has appointed Mr Angelo Zavattieri as Head of Mining M&A. The new role, based initially in Dubai then transferring to London, will see Mr Angelo developing opportunities to build GFG Alliance’s mining portfolio within the framework of GFG’s economic, social, and environmental sustainability commitments and in alignment with the group’s CN30 mission. Mr Angelo brings over a decade of experience in metals and mining and was most recently Vice President, Head of M&A at Saudi Arabian Mining Co., where he oversaw the acquisition of Meridian. He has also held senior roles in Klesch & Co, BHP, Barclays, and Deutsche Bank, including Head of M&A at SOUTH32 and Vice President Acquisitions & Divestments at BHP Billiton. Alongside his wealth of specialised knowledge in mining, Mr Angelo also brings wide-ranging expertise across oil and gas, infrastructure, and power and utilities sectors. He is a business graduate from Columbia University.
    
    GFG Alliance has also appointed Mr Brendan Leddy as Head of Compliance. Mr Brendan is responsible for building out GFG’s existing compliance function as part of the company’s commitment to strong governance. He will work closely with senior management and stakeholders to ensure the business complies with regulatory and policy requirements globally. Mr Brendan has over 20 years of international experience in compliance and risk oversight. In his previous role as Chief Compliance Officer, Head of Risk and MLRO at Tellimer Group, he provided management oversight across the UK, USA, LATAM, and MENA and established a regulated entity in Dubai. He has held senior compliance roles at organisations including BACB Bank, CLS Bank, ANZ Bank, and UBS AG. A highly experienced and reputed practitioner, Brendan has been awarded a Fellowship by the International Compliance Association and is an accredited member of the Association of the Professional Compliance Consultants, the Chartered Institute of Securities and Investments, and the Institute of Directors.
    
    Source - Strategic Research Institute
19. voda 22 februari 2021 10:03

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 19 apr 2024

    • Aanbevelingen

      Ontvangen: 81741

      Gegeven: 20855

    •    Aantal posts: 364.021

    Primetal EAF & Ladle Furnace Start at Wuzhou Yongda Special Steel
    
    In November 2020, an EAF Quantum electric arc furnace and a ladle furnace supplied by Primetals Technologies went productive at Greenfield project of Wuzhou Yongda Special Steel Co Ltd in Wuzhou city in Guangxi Zhuang Autonomous Region. This marks the first EAF Quantum in continuous operation in China, with another eight to come. The EAF Quantum furnace is designed to handle scrap steel of very varied composition and quality. The electrical energy requirement of the electric arc furnace is extremely low because the scrap is preheated. This reduces both the operating costs and the CO2 emissions. The twin ladle furnace sets the desired steel grades and the correct casting temperature.
    
    The EAF Quantum and the twin ladle furnace are part of Greenfield project for the production of stainless steels. For the EAF Quantum electric arc furnace and the twin ladle furnace, Primetals Technologies supplied the complete mechanical and electrical process equipment and the automation technology. This included the automated scrap yard management, the automated charging process, automation of the oxygen injection and sand refilling, as well as the Level 2 automation which makes the plant ready for Industry 4.0. A basic data package for dedusting equipment was also part of the project.
    
    The EAF Quantum developed by Primetals Technologies combines proven elements of shaft furnace technology with an innovative scrap charging process, an efficient preheating system, a new tilting concept for the lower shell, and an optimized tapping system. This all adds up to very short melting cycles. The electricity consumption is considerably lower than that of a conventional electric arc furnace. Together with the lower consumption of electrodes and oxygen, this gives an overall advantage in the specific conversion cost of around 20 percent. In comparison to conventional electric arc furnaces, total CO2 emissions can also be reduced by up to 30 percent per metric ton of crude steel. An integrated dedusting system with modern automatic off gas control fulfills all environmental requirements.
    
    Wuzhou Yongda is a privately owned steelmaker operating in the Guangxi Zhuang Autonomous Region in Southern China. The company produces steel rods, coiled rebar and coiled wire.
    
    Source - Strategic Research Institute
20. voda 22 februari 2021 10:04

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 19 apr 2024

    • Aanbevelingen

      Ontvangen: 81741

      Gegeven: 20855

    •    Aantal posts: 364.021

    Severstal Cuts Production Costs in Entire Technological Chain
    
    Russian steel giant Severstal is implementing projects to improve production efficiency. In 2020, the company reduced production costs along the entire process chain at the Cherepovets Steel Works. Cost per tonne of slab in Q4 2020 was USD 160, compared to USD 227 in the same period in 2019.
    
    The first limit of the metallurgical chain, coke & blast furnace production KADP, invests a large percentage in reducing costs and production costs. At the same time, a significant result was obtained from the effective work with its own raw material base. The economic effect of end to end projects with resource enterprises of Severstal amounted to USD 117.6 million. This is an increase in the share of using its own raw materials: Vorkutaugol coal, Olkon and Karelsky Okatysh products, sinter ore and blast furnace ore of Yakovlevsky GOK. The Upstream Technological Development Center, together with employees of CherMK production facilities and resource enterprises, is looking for solutions that reduce the company's dependence on market volatility. The savings in 2020, among other things, were obtained through the development of coke production technologies, sinter and cast iron with constant selection of the optimal composition of incoming raw materials. For example, in 2020, TCD developed its own technology for using an increased proportion of iron ore pellets in the charge in traditional blast furnaces. In addition, USD 26.8 million was brought in by local production initiatives as well as price effects.
    
    A significant cost reduction by the end of 2020 was obtained in the steelmaking production of CherMK USD 56 million. About USD 41.7 million is the end-to-end effect of projects with the participation of the JV divisions. In the second half of the year, USD 12 million was the economic effect of the introduction of the technology for smelting converter steel without the use of scrap metal, which is currently in industrial use. The change in the technological process is due to the launch of a new blast furnace No 3 and the need to process increased volumes of liquid iron. Significant local savings were obtained due to a decrease in the metal filling, the specific consumption of loaded scrap and pig iron per ton of finished products. In 2020, this figure reached 1123.8 kg per tonne. In particular, equipping the converters with the combined steel blowing technology made it possible to increase the smelting efficiency and shorten the melting cycle. A system of digital tools (calculators) automatically calculates alloyed scrap and allows you to select the optimal charge for each melt. The software and control complex "Automated melt release" for controlling the drive of the converter rotation allows increasing the yield of suitable steel.
    
    Also in 2020, the approach to the formation of the cost of the main products of rolling production was revised. Thus, the work of small project teams and the implementation of an agile approach in the production of flat products at CherMK brought about USD 6.4 million (more than 53% of the total reduction in conversion costs) due to the optimization of zinc consumption, reduction of metal consumption and the cost of paints and varnishes.
    
    Source - Strategic Research Institute