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1. voda 22 februari 2021 10:04

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   OMK Pipe Elements for Thermal Power Plant in Krasnoyarsk
   
   The United Metallurgical Company OMK will supply 315 tonnes of hot reheat pipeline elements by the end of 2021 for the largest thermal power plant in the Krasnoyarsk Territory, the Berezovskaya GRES branch of Khanty-Mansiysk Autonomous Okrug Yugra, part of Unipro. All products will be manufactured at OMK's Belgorod plant. Most of the scope of delivery will be straight and bent pipes of large diameter 920 and 930 mm with a wall thickness of 32, 36, 42 mm and shaped parts (tees) with an estimated resource of 200 thousand hours. They will be produced by electroslag smelting from heat-resistant steel and used for the installation of pipelines with high steam parameters (pressure up to 4.1 MPa, temperature up to 545 ° C). The first shipment of the plant's products to the customer is scheduled for August 2021.
   
   Belenergomash is the only enterprise in the country that produces pipes and pipeline parts for thermal and nuclear power facilities using the electroslag smelting method. This allows us to manufacture pipes of non-standard standard sizes by diameter and wall thickness
   
   Belgorod Power Engineering Plant OMK is one of the leading power plant engineering enterprises in Russia, for over 80 years it has been supplying integrated solutions for the nuclear and thermal power, gas, petrochemical, industrial and civil construction.
   
   Source - Strategic Research Institute
2. voda 22 februari 2021 10:08

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   Mechel’s Rail Sales in 2020 up by 8% YoY
   
   Russia’s leading mining and steel maker Mechel Group sold 300,000 tonnes of rails in 2020, which is 8% more than in 2019. Russian Railways were the chief recipient of Mechel’s rails, accounting for 234,000 tonnes. The remainder, approximately 70,000 tonnes, went to other Russian and foreign-based consumers. Mechel Group’s steel division includes two facilities producing various types of rails at Chelyabinsk Metallurgical Plant for railway and switch point rails and Izhstal for subway conductor rails.
   
   Last year, Chelyabinsk Metallurgical Plant’s rail shipments went up 8% year-on-year. The plant’s exports went up by 74% year-on-year. Its sales geography expanded, with Chelyabinsk Metallurgical Plant’s rails shipped to Georgia and Latin America for the first time.
   
   Apart from Russian Railways, key consumers of Mechel’s rails include Mosinzhproekt and Moscow Metro, which use Mechel’s rail products both for maintenance and for construction of new underground lines. Over the previous accounting period, Mechel’s facilities supplied over 87,000 tonnes of rails for construction of new metro lines and repairs to the existing metro railways in the Russian capital, with supplies including Chelyabinsk Metallurgical Plant’s R65 and R50 rails and Izhstal’s conductor rails.
   
   Izhstal’s supplies of conductor rails in 2020 went up by 27% year-on-year. In 2020, Izhstal went through voluntary certification of its conductor rails, which gives the product competitive advantage and enables the plant to expand its customer portfolio and supply the rails to CIS member states.
   
   Source - Strategic Research Institute
3. voda 22 februari 2021 10:09

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   XPO Logistics Expands Partnership with Outokumpu UK
   
   XPO Logistics has renewed its UK partnership with stainless steel manufacturer Outokumpu, extending the partnership to nearly two decades. XPO is responsible for transporting stainless steel products from the manufacturer’s site in Sheffield, to its UK construction customers. XPO recently invested in new, fuel-efficient trucks and trailers outfitted in Outokumpu livery, and developed a digitised electronic tracking system. The new 26 tonne rigid trucks XPO will deploy for Outokumpu this month use Euro 6d compliant engines and include two bespoke stainless steel coil carriers. The trailers utilise an innovative design that reduces overall weight without compromising safety or durability. Each trailer can transport up to 3 tonne more goods per load.
   
   XPO Logistics Managing Director Transport UK & Ireland Mr Dan Myers said “We’ve now digitised the Outokumpu customer experience with a dashboard that provides updates on transit conditions, ETAs and real-time electronic proof of delivery.”
   
   Source - Strategic Research Institute
4. voda 22 februari 2021 10:10

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   Vallourec Reports 2020 Results
   
   World leader in premium tubular solutions Vallourec announced its results for the fourth quarter and full year of 2020. Vallourec Chairman Mr Edouard Guinotte said “Although Vallourec's revenue in 2020 was strongly impacted by the considerable drop of its activity due to Covid pandemic impact on oil demand and E&P activity worldwide, the Group has demonstrated its capacity to adapt, achieving an almost stable EBITDA margin year-on-year.In addition, two weeks ago, we achieved a key milestone in the Group's financial restructuring, by reaching an agreement in principle with our main creditors. The implementation of this agreement, which is still subject to customary conditions precedent, will enable Vallourec to rebalance its capital structure by reducing its debt and securing the necessary liquidity to roll out its strategic plan. It will open a new chapter in Vallourec's history with our future shareholders, Apollo and SVPGIobal, whose in-depth knowledge of our markets will support the Group's value creation ambition.”
   
   Highlights
   
   EUR 3.242 billion revenue down 22% YoY
   
   EUR 258 million EBITDA versus EUR347 million in 2019
   
   EBITDA margin maintained almost stable, at 8.0% of revenue vs 8.3% in 2019
   
   Volume impact of minus30% mainly driven by Oil & Gas in North America and in EA-MEA
   
   Positive price/mix effect of +16% including a better price/mix in Oil & Gas in EA-MEA and South America and lower prices in North America
   
   Currency conversion effect of -8% mainly related to EUR/BRL
   
   2021 Outlook - Mr Guinotte said “Looking ahead, we expect Oil and Gas activity to globally remain subdued in 2021. While dhlling should gradually restart in North America, and continue growing off-shore Brazil, EA-MEA should face difficult market conditions with no recovery visible before 2022. Our Industry markets are expected to slowly restart in 2021, and Vallourec's iron ore mine activity should bring an increased contribution. In this context, we will continue deploying our cost savings and cash management initiatives along the year.”
   
   Oil and Gas activity expected to remain subdued in 2021
   
   Iron ore mine expected to bring an increased contribution
   
   Continuous cost savings and cash management initiatives along the year
   
   EBITDA targeted between EUR 250 and EUR 300 million
   
   
5. voda 22 februari 2021 10:10

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   Odisha CM Performs Ground-Breaking for 5 Steel Projects
   
   Local media reported that Odisha Chief Minister Mr Naveen Patnaik performed groundbreaking of 17 industrial projects, ranging from metal and downstream, tourism, textile and apparel, cement, plastic and food processing sectors, on 17 February 2021 and inaugurated 5 projects. Chief Minister said “I am pleased that step by step, we are going high with impressive investments in the manufacturing sector, making the position of our State stronger as a Manufacturing Hub of India. Our consistent efforts to improve the investment ecosystem laced with our peaceful social climate are paying off to realize our desired goal.”
   
   Inaugration
   
   A Pellet plant Expansion from 0.3 million tonne per annum to 1.2 million tonne per annum capacity by Shyam Metalics and Energy Limited against an investment of INR 76.92 crore in Pandloi in Sambalpur district ws inaugurated
   
   Groundbreaking
   
   Expansion of Jindal Stainless’s Crude Stainless Steel capacity From 1.1 million tonne per annum to 3.2 million tonne per annum and Cold Rolling Mill capacity from 0.8 million tonne per annum to 2.4 million tonne per annum in Kalinganagar in Jajpur by Jindal Stainless Ltd against an investment of INR 6,840 crore
   
   Expansion of Yazdani Steel & Power’s Integrated steel plant from 0.07 million tonne per annum to 1.19 million tonne per annum in Kalinganagar in Jajpur by Yazdani Steel & Power Limited against an investment of INR 2,415 crore
   
   Expansion of MGM Minerals’s project by setting up 0.125 million tonne per annum Sponge Iron Plant, 0.6 million tonne per annum Pellet Plant, 0.25 million tonne per annum MS Billets, 0.25 million tonne per annum TMT & Wire Rods and 40 MW Captive Power Plant at Nimdha in Dhenkanal by MGM Minerals Limited against an investment of INR 801.89 crore
   
   Expansion of GM Iron & Steel’s project by setting up 0.8 million tonne per annum Pellet Plant, 0.238 million tonne per annum DRI plant, 0.195 million tonne per annum Billet, 0.24 million tonne per annum Wire Rod Mill, 0.416 million tonne per annum Slag Cement and 46 MW Captive Power Plant at Parjang, Dhenkanal by GM Iron & Steel Company Limited against an investment of INR 607.52 crore
   
   Expansion of project by setting up 0.21 million tonne per annum Sponge Iron, 1 million tonne per annum Iron ore Beneficiation,0.6 million tonne per annum Pellet, 0.112 million tonne per annum MS Billets, 0.112 million tonne per annum TMT, 50 TPH Coal Washery, and 24 MW Captive Power Plant at Tumkela, Sundergarh by BR Sponge and Power Limited against an investment of INR 200.20 crore
   
   Source - Strategic Research Institute
6. voda 24 februari 2021 17:04

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   Personeel Tata Steel bezorgd over behoud staalproductie IJmuiden
   
   Gepubliceerd op 24 februari 2021 16:58 | Views: 0
   
   IJMUIDEN (ANP) - Nederlandse werknemers van staalconcern Tata Steel zijn een petitie gestart omdat ze zich zorgen maken over de werkgelegenheid bij het hoogovencomplex in IJmuiden. Dat doen ze omdat de roep om maatregelen te nemen tegen de overlast voor omwonenden en omgeving van de staalproductie steeds luider wordt. Er gaan zelfs stemmen op om het bedrijf te sluiten, waarschuwt vakbond FNV.
   
   "We sluiten absoluut niet onze ogen voor de overlast en vinden ook dat deze aangepakt moet worden", zegt John Mol, een van de initiatiefnemers. "Maar laat alsjeblieft niet 103 jaar historie uit IJmuiden verdwijnen." De initiatiefnemers vinden het belangrijk dat werknemers en omwonden als goede buren met elkaar omgaan. Al sinds 1918 wordt er in IJmuiden staal geproduceerd. Met het werk zijn direct en indirect tienduizenden banen gemoeid.
   
   Onlangs leek het er nog op dat de Nederlandse tak van Tata Steel zou worden verkocht aan het Zweedse SSAB. Maar die staalmaker zag daar uiteindelijk vanaf omdat het waarschijnlijk te duur zou worden om het hoogovencomplex in lijn te brengen met de doelstellingen voor een duurzaam beleid van de Zweden. De Nederlandse vakbonden vonden het jammer dat de partijen niet tot een akkoord waren gekomen. FNV wees erop dat de inlijving door de Zweden juist veel kansen op vergroening zou hebben geboden.
7. voda 25 februari 2021 14:53

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   Indian Crude Steel Production in Apr-Jan Down by 10% YoY
   
   According to media reports, India’s crude steel production in January 2021 rose by 7% YoY to 9.98 million tonne while steel consumption rose by 9% YoY to 9.97 million tonnes, the highest ever monthly consumption. However, during the April-January 2021 period of the current fiscal, production and consumption of steel was adversely affected by the Covid-19 pandemic. The cumulative production of crude steel at 82.71 million tonne and finished steel at 76.04 million tonne were lower by 9.7% YoY and 12.4% YoY while consumption at 74.58 million tonne was lower by 12.7% YoY
   
   India’s steel export in January 2021 was lower by 24.6% YoY while import increased by 22.0% YoY. During the current fiscal till January 2021, export of finished steel from India was 8.84 million tonne, up by 22.5%, while import at 3.79 million tonne have declined by 36.7% YoY. Thus India was net exporter of finished steel during April-January 2020-21 with net positive trade surplus of 5.0 million tonne.
   
   Source - Strategic Research Institute
8. voda 25 februari 2021 14:53

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   USD 7 Million Grant to Purdue University Northwest for BF Research
   
   The US Department of Energy’s Office of Energy Efficiency and Renewable Energy awarded Purdue University Northwest researchers and the Steel Manufacturing Simulation and Visualization Consortium USD 7 million for the development of a next generation Integrated Virtual Blast Furnace to improve energy efficiency and emissions in real time and to develop a virtual training model. Set to begin this spring, the three year grant will allow Center for Innovation through Visualization and Simulation to bring together a team of experts from universities, national laboratories and industry. The project will provide the US steel industry with a unique and powerful platform for improving operational and energy efficiency in industrial blast furnaces both offline and in real time.
   
   The project is expected to have a significant impact by reducing energy consumption by 4.5% to 10% in blast furnace and downstream processes, improving productivity and product quality, and reducing emissions from the manufacturing process, explained Tyamo Okosun, senior research engineer with Center for Innovation through Visualization and Simulation who will head the project. The project also is expected to generate education and training modules for students, engineers and operators to provide critically needed workforce development within the steel industry.
   
   Created in 2009, Center for Innovation through Visualization and Simulation brings together Purdue University Northwest faculty, staff and students to work with industry, organizations and the community to solve real world problems and create innovative solutions through simulation and visualization.
   
   Steel Manufacturing Simulation and Visualization Consortium were formed in 2016 by Center for Innovation through Visualization and Simulation at Purdue University Northwest. It brings together 15 member companies, including all US blast furnace owners, with the goal of advancing the steel manufacturing industry by developing and implementing simulation and visualization technologies to address major technological issues and related barriers.
   
   Source - Strategic Research Institute
9. voda 25 februari 2021 14:54

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   Severstal Signs Annual Steel Supply Agreement with AVTOVAZ
   
   Russian steel giant PJSC Severstal has signed an agreement with Russia’s largest car manufacturer Renault Group JSC AVTOVAZ for supply of steel products in 2021. Under the terms of the agreement, Severstal will supply cold rolled, galvanized and hot rolled pickled steel products to AVTOVAZ. The conclusion of another long-term agreement indicates the continued strengthening of relations between Severstal and AVTOVAZ. Severstal has created additional opportunities for expanding cooperation are provided by the construction of a new continuous pickling unit No 4 at Cherepovets Metallurgical Plant allows not only wider range of products, but improved quality.
   
   Opportunity for maintaining and further developing cooperation was provided by the results of the Renault-Nissan-Mitsubishi Alliance Supplier Quality Management System Assessment Standard assessment. This audit, which included an assessment of the production chain at the Cherepovets Metallurgical Plant and the quality management system, was completed by Severstal last year. According to its results, the metallurgical company received a B rank, which allows it to be a recommended supplier from the quality service for participation in new projects of the Alliance plants. Thus, the successful completion of the audit confirming Severstal's compliance with the strict requirements of the Alliance allowed Severstal to consider new partnership opportunities and increase the share of supplies for the client.
   
   Cherepovets rolled metal products are already supplied for most of the models that are assembled at the Alliance car factories in the Russian Federation. Severstal's rolled metal products are used in the manufacture of such critical elements of the car body as doors, hood, trunk lid, fenders, sidewalls, load-bearing elements and stamped wheel disks.
   
   Source - Strategic Research Institute
10. voda 25 februari 2021 14:55

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    SARRALLE signs the MOU at Basque Hydrogen Corridor
    
    The Repsol group, through its Basque subsidiary Petronor has presented the strategy for the development of the Basque Hydrogen Corridor in Bilbao, which aims to be comprehensive and incorporates the entire value chain. The energy proposal is a collaboration of all the industrial sectors of the Basque Country and its implementation was made official with the signing of 78 public and private entities. Among the collaborating companies are Saudi Aramco and Enegás through CAF, Aena and Aernnova among others. In the steel sector, SARRALLE will collaborate with organizations such as ArcelorMittal, Tubacex, Tubos Reunidos, Celsa and Sidenor. The initiative launched to create the Basque Hydrogen Corridor has ambitious objectives as it contemplates making investments amounting to about 1,300 million euros during 2021-26
    
    This great energy-industrial commitment to the future will be carried out through the development of 34 initiatives, segmented into 6 verticals where SARRALLE, through its Environment & Energy business line, is already working with the aim of developing technologies for the use of hydrogen in the Electric Arc Furnace and Reheating Furnace as an alternative energy to fossil gas and coal.
    
    Hydrogen is a key vector and an essential element for the energy transition and in the fight against climate change. The European Union has opted for hydrogen as a fuel for the future to achieve a climate-neutral Europe by 2050 and within the framework of this strategy, Europe can become the leader of transformation. The Basque Country has sufficient strengths and strategic positioning to develop this process thanks to the tractor companies, an industry of electrical capital goods, port infrastructures, gas networks and technological capacity.
    
    Source - Strategic Research Institute
11. voda 25 februari 2021 14:55

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    Nucor to Build Insulated Wall & Roof Panels Plant at TrueCore Utah
    
    American steel maker Nucor Corporation announced plans to build a third TrueCore manufacturing facility to be located in Brigham City in Utah in US. The 120,000 square foot facility will manufacture insulated wall and roof panels using state of the art continuous line equipment. The new facility is expected to be operational in 2022 and will employ 50 teammates.
    
    TrueCore produces insulated metal panels that are used as exterior walls, interior partitions, ceilings and roofs in the cold storage, commercial and industrial construction markets. With thicknesses ranging from 2-8 inches and widths up to 44 inches, the company's panels and facilities are designed to deliver consistent quality as well as reduced lead times.
    
    In 2019, TrueCore was acquired by Nucor Corporation and is part of the company's Nucor Buildings Group division.
    
    Source - Strategic Research Institute
12. voda 25 februari 2021 15:20

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    Transporeon to Improve Logistics for Thyssenkrupp Steel Europe
    
    Logisticsit reported Thyssenkrupp Steel Europe, which has been using Transporeon’s time slot management to coordinate the loading and unloading of trucks since 2008, has agreed upon cooperation with Transporeon to able to monitor deliveries to its customers, even outside the loading zone. Real-time visibility allows Thyssenkrupp Steel Europe to track and manage the position of every delivery, similar to the way an airport control tower oversees traffic and allocates time slots flexibly to ensure the safe execution of takeoffs and landings. Precisely estimated arrival times make it possible to plan processes in the loading zone with greater foresight than before and to handle them just in time. This way, unnecessary waiting times can be avoided and costs due to unused cranes waiting for trucks can be minimized. A new time slot can be assigned dynamically in the event of a delay.
    
    Data based RTV allows to automatically calculate the truck travel time in advance. 88% of the time, the estimated time of arrival is accurate six hours in advance. Thyssenkrupp Steel Europe and Transporeon intend to improve this value, which is well above the market average, even further. For this purpose, the partners have agreed to jointly develop an artificial intelligence algorithm specifically tailored to the needs of thyssenkrupp Steel Europe.
    
    In the future, the steel manufacturer will handle all truck deliveries via the world's leading platform in transport logistics. The Transporeon network is the largest of its kind, used by more than 100,000 carriers. As a result, Thyssenkrupp Steel Europe receives the best possible offer for its orders, optimizing transport costs and reducing loading times. At the same time, the effort to provide and maintain a freight assignment platform operated in house becomes obsolete. Transporeon simplifies freight assignment, its processing and monitoring. Over 700 trucks a day leave the sites of Thyssenkrupp Steel Europe AG to deliver a wide range of high grade flat steel products to customers.
    
    Source - Strategic Research Institute
13. voda 25 februari 2021 15:20

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    Tenaris Reduces Drilling Time for Canadian operator
    
    Tenaris has helped an independent Canadian operator reduce its drilling time by four days and costs by 25% after running the TenarisHydril Wedge 625 connection in Canada’s Montney formation. When Tenaris’s technical team conducted a review of the drilling environment, they discovered a need for sour service steel grades with semi-premium connections. Tenaris suggested an enhanced T95-ICY and TN110-SS casing with TXP BTC connections for the 200 mm diameter well. After discussing possible solutions for well optimization, Tenaris provided a maximum clearance high-strength alternative in TenarisHydril Wedge 625, as the ideal solution for a smaller bit size hole. The semi-flush premium connection paired with the smaller drill bit allowed the operator to reduce its well diameter from 200 mm to 171 mm and ultimately to drill the well in 17 days, four days less than originally calculated with threaded and coupled connections. This important reduction contributed to a 25% cost savings compared to the company’s forecast, according to the operator’s CEO.
    
    Tenaris is now exploring the use of the Wedge 441 connection, a slim-line, threaded and coupled connection from the new Wedge 400 Series line, for further casing design optimization in future wells. This semi-premium connection complies with all of the specifications of the Wedge 625®connection, without the metal-to-metal seal, which is not needed in this environment.
    
    Tenaris produced this pipe and connection in Canada at the seamless facility in Sault Ste Marie, Ontario.
    
    Source - Strategic Research Institute
14. voda 25 februari 2021 15:20

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    WEM Orders Cold Pilger Seamless Tube Mill from SMS Group
    
    ShaanXi based Chinese Western Energy Material Technologies Co Ltd has placed an order with SMS group for the supply of a cold pilger mill type KPW 25 LC+. With this new cold pilger mill, WEM will be able to satisfy the high demand for cold pilgered seamless tubes in the diameter range from 8 to 30 millimetres on the Chinese market. The SMS scope of supply includes the cold pilger mill and all mechanical, electrical, and utility equipment, e.g. cooling, lubrication and hydraulic systems, as well as accessories such as roll assemblies. In addition, SMS will supply a unit to record production data, as part of the electrical equipment package. Commissioning of the new cold pilger mill is scheduled for the second half of 2022.
    
    For WEM, this cold pilger mill is not the first product ordered from SMS. Since 2014, there has been a close cooperation with WEM, who already operates three cold pilger mills and an extrusion press supplied by the German company. With the SMS heavy-metal extrusion press 45 MN, WEM is able to produce zirconium mother tubes with outside diameters from 90 to 275 millimetres, which are reduced to seamless tubes by means of cold pilgering. Final products include fuel element cladding tubes, for example.
15. voda 25 februari 2021 15:21

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    Metinvest’s Ilyich Starts Production of 32 Tonne Hot Rolled Coil
    
    Metinvet’s Ilyich Iron and Steel Works of Mariupol is completing hot tests of a hydraulic coiler for winding 32 tonne hot rolled coils in the 1700 sheet rolling shop and is starting production of new products. The installation of the new equipment makes it possible to increase the weight of hot rolled coils to 32 tonnes and their thickness from 8 to 16 mm. Taking into account the new coiler, the production line of the workshop allows the production of hot rolled coils 1.2-16 mm thick, up to 1550 mm wide, and weighing up to 32 tonnes. With the new coiler, the heavy coil production line is complete.
    
    The main consumers of heavy coils are rolling mills and manufacturers of welded pipes, including those of large diameter in spiral seam design. By using a heavy coil, consumers can reduce logistics costs, increase productivity, save time and consumables, and gain more recycling options.
    
    After a large-scale reconstruction, the 1700 sheet rolling shop was commissioned in autumn 2019. The modernization of the mill took place in several stages. A new heating furnace, a heavy duty pneumatic coiler, an intermediate rewinding device coilbox, water breakers, a reversible roughing stand and other technological equipment were installed in the shop. The block of finishing stands of the rolling mill was also modernized. At the end of 2020, a hydraulic coiler was installed in the workshop and the infrastructure necessary for its operation was built. The capacity of the 1700 sheet rolling shop is up to 2.5 million tonnes of coils per year.
    
    Source - Strategic Research Institute
16. voda 25 februari 2021 15:24

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    VAM BOLT-II Selected by LUKOIL for Caspian Sea Well
    
    LUKOIL Nizhnevolzhskneft has chosen Vallourec to deliver its VAM BOLT-II solution with a large 18 inches outer diameter for the Caspian Sea Khazri-2 well. Its high performance levels were proven when the connection was successfully deployed with zero reject on a Neptune jack up drilling rig. This is the first time VAM BOLT-II ran on this diameter range. The most recent design-improved generation of VAM flush connections gives higher torque capacity and outstanding performance. Vallourec supplied LUKOIL with 5 casing strings and 345 tons of VAM BOLT-II as well as accessories such as lifting and handling circulation head. The VAM BOLT-II solution has a double-start thread design and make up is quick and easy, it saves platform installation time and make for perfect connection to large bore subsea well heads.
    
    LUKOIL has been especially technically demanding, as the nearest gas formation was at approximately 12,500 feet and the planned setting depth was roughly 6,000 feet. Consequently, the customer specified an outer diameter constraint because of the blowout preventer size of almost 19 inches and a liquid tight shouldered connection with an OD of 18 inches and wall thickness of 0.64 inches with a maximum make-up torque not exceeding 109.9 klb per ft.
    
    LUKOIL Nizhnevolzhskneft is a wholly owned subsidiary of LUKOIL and specializes in oil and gas field development and production in the Caspian and Azov Seas. Since its foundation in 1995, one of the company’s priorities has been to implement the Caspian project, the search for and future development of hydrocarbon deposits in this Sea. These deposits are some of the most complex to get at. The company is now developing Khazri-2, the successor to the 2017 Khazri-1. This offshore exploratory well has one of the most complicated designs in Russia owing to high pressure hydrogen sulfide. Successful implementation of Khazri-2 is extraordinarily vital as it will prime further developments of this Caspian oil field. For example, the Titonskaya-1 well is set for 2021 development with an almost similar design.
    
    Source - Strategic Research Institute
17. voda 25 februari 2021 15:24

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    Metalloinvest Steel Production Touches 5 Million Tonne in 2020
    
    Leading Russian iron ore miner & steel maker Metalloinvest has announces its audited financial results under IFRS for 2020. Metalloinvest CEO Mr Nazim Efendiev said “In 2020, the Company's strategy aimed at improving product quality and ensuring stable sales has demonstrated its sustainability. Despite external challenges, the Company has shown good financial results. The main event of the past year was the COVID-19 pandemic, and the Company took a number of measures aimed at ensuring the safety of not only its employees, but also all residents of the regions where it operates. Extensive programs of assistance to medical institutions were promptly deployed, and employee salaries were indexed twice. Continuing its focus on sustainable development, in February of this year, the Company presented the Strategy for Qualitative Changes, calculated until 2032. Metalloinvest's mission is to be the basis for the evolution of modern metallurgy for future generations.”
    
    Financial results
    
    Revenue USD 6,409 million (-7.9%)
    
    EBITDA USD 2,471 million (-1.7%)
    
    EBITDA margin 38.5% vs. 36.1% in 2019
    
    Net profit USD 1,337 million (-22.8%)
    
    Production results
    
    Iron ore 40.4 million tonnes (+ 0.5%)
    
    Pellets 27.6 million tonnes (-1.8%)
    
    HBI & DRI 7.8 million tonnes (-0.9%)
    
    Pig iron 2.3 million tonnes (-16.3%)
    
    Steel 5.0 million tonnes (+ 2.0%)
    
    Operations and capital expenditures
    
    Commissioning of CCM No 3 at OEMK after completion of technical re equipment
    
    Modernization of the concentrator at MGOK to increase concentrates production
    
    Reconstruction of OM-3 at MGOK to introduce advanced technology for additional grinding of concentrate
    
    MGOK starts pilot production of premium pellets for metallization
    
    OEMK completed overhaul of the roasting machine, launched a new ball rolling mill
    
    MGOK has introduced an advanced conveyor technology for transporting ore from a pit with a capacity of 15 million tonnes of ore per year
    
    New steam boilers at Ural Steel launched at CHPP
    
    After technical re-equipment, blast furnace No 2 was put into operation at Ural Steel
    
    Source - Strategic Research Institute
18. voda 25 februari 2021 15:25

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    CSN Reports Results for 2020
    
    Brazilian steel maker Companhia Siderurgico National announced record results for 2020. Net Revenue of BRL 30,064 million, up by 18% YoY, mainly due to the excellent performance in steel and mining, led by a higher gross margin in 4Q20. Adjusted EBITDA was BRL 11,500 million, up by 59% over 2019. Gross Income totalled BRL 10,939 million, up by 34% over 2019.
    
    Total sales reached 4.651 million tonnes, up by 3% over 2019, mainly due to higher sales in the domestic market despite global crisis resulting from COVID. 3.204 million tonne of steel were sold on the domestic market, up by 2% over 2019. As for total sales, flat steel reached 2.979 million tonnes and long steel reached 0.225 million tonnes.
    
    Source - Strategic Research Institute
19. voda 25 februari 2021 15:25

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    OMK Delivers Safety Pipeline Valves to Gazprom in Yamal
    
    The United Metallurgical Company OMK has supplied nearly 300 units of safety pipeline valves to PJSC Gazprom's facilities located in Yamal. The products were manufactured at the OMK Armstal business unit Blagoveshchensk Valve Plant JSC in Republic of Bashkortostan. The supplied valves, according to the customer's requirements, are designed for operation in permafrost conditions: temperature load up to minus 50 degree Celsius and constant high humidity, as well as for high working pressure parameters of up to 10 MPa. For their manufacture, the technologists of the Blagoveshchensk plant OMK, together with the specialists of the specialized research institute, promptly developed a special steel grade capable of withstanding the specified loads.
    
    Taking into account the complete production cycle of BAZ, from design to complex logistics, the contract was completed in the shortest possible time of one month. The valves delivered to Yamal took their place and allowed Gazprom to complete the project on time.
    
    Source - Strategic Research Institute
20. voda 25 februari 2021 15:28

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    Canada Government Support Fati Steel in Qubec
    
    Canada’s Minister of Economic Development Ms Mélanie Joly announced CAD 1.5 million in support from Canada Economic Development for Quebec Regions for Fati Steel, which has led to the creation and maintenance of 18 jobs. She said “The Government of Canada has a mission to accompany the country’s businesses and regions into tomorrow’s economy and to help them seize the business opportunities that will arise. That is why we are providing our support to the specific assets of Quebec’s different regions, such as here in the Montérégie region; they will be essential elements in ensuring an inclusive recovery and in creating good jobs in all of our communities.”
    
    Founded in 1989, Fati Steel in Montérégie region of Qubec manufactures and distributes steel slats and laminated steel tubular products to the construction, automobile, industrial equipment and naval construction sectors, among others. Fati offers mass production and develops specialized products on a small scale. The business, which has experienced strong growth over the last three years, distributes its products across Canada and in the northeast US.
    
    Source - Strategic Research Institute
    
    LISCO Signs MoU with Turkey’s BLC Company