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1. voda 17 juni 2021 08:01

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   Saarstahl Bids for Liberty Ascoval Liberty Rail Hayange in France
   
   German steel maker Saarstahl confirmed that it has bid to Liberty Steel Group for the acquisition of its two steel plants Liberty Ascoval in Saint Saulve in Nord and Liberty Rail Hayange in Hayange in Moselle in France. It said that bid supports an industrial project for the future of the two plants, but also for an enduring development of industrial activities in the Nord and Moselle regions. Saarstahl's Management Board Chairman Dr Karl Ulrich Köhler said "Our project aims to integrate a new rail market into Saarstahl's commercial and industrial strategy, to diversify our portfolio (electric arc furnace blooms and rails) and to access a new production technology (electric arc furnace). This project is fully aligned with the strategy of our Saarland Group, both in terms of strengthening competitiveness and structural transformation.”
   
   In the face of international competition in the steel market, Saarstahl is offering a permanent acquisition of the Ascoval and Hayange plants based on
   
   1. A strong geographical and industrial integration of Hayange and Ascoval into the production network of the current plants of the Group
   
   2. The solid economic, social and technical fundamentals of Saarstahl and the SHS Group
   
   3. The coherence of this project with the mission of the Montan-Stiftung-Saar trust, the majority shareholder of SHS
   
   4. The culture of social dialogue derived from the German model of co-management
   
   At the end of the integration, Hayange would be a key asset for Saarstahl, contributing to the European strategy for the ecological transition of mobility. Saarstahl aims to produce high quality infrastructure materials, which are essential for the development of sustainable solutions. Ascoval will be the pivotal point of Saarstahl's green steel production, thanks to the circular economy with steel produced from secondary raw materials (recycled steel) on the one hand, and the electric arc furnace technology on the other.
   
   Saarstahl is a Saarland-based steel company belonging to the SHS, Stahl-Holding-Saar Group, to which its sister company Dillinger also belongs. The history of Saarstahl begins at the end of the 16th century in Neunkirchen. Together, SHS and Saarstahl are the majority shareholders of the Dillinger company, which was founded in 1685 on a concession from King Louis XIV. The SHS Group, Saarstahl's parent company, is wholly owned by the private industrial trust Montan-Stiftung-Saar, a private industrial trust whose aim is to strengthen and safeguard the two major steel companies on the Saar. The Saarstahl Group, based in Völklingen, specializes in the production of high-quality wire rod, bars, semi-finished products and forged products.
   
   Source - Strategic Research Institute
2. voda 17 juni 2021 08:02

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   Mr Greensill Accused of Disrespect over Refusal to Attend Inquiry
   
   The Guardian reported that U’s MPs have accused financier Mr Lex Greensill of acting suspiciously and being disrespectful towards parliament by refusing to appear in front of an inquiry into the steel industry and one of Greensill Capital largest borrowers, Liberty Steel. The Business, Energy & Industrial Strategy committee claimed Mr Greensill had failed to give legitimate reasons for rebuffing multiple requests to answer live questions in front of parliamentarians at the end of the month. The committee has insisted that he is required to attend, regardless of his concerns that he would not be able to speak about Liberty Steel and would be barred from divulging information that could compromise a Serious Fraud Office investigation into Liberty’s parent company, GFG Alliance, owned by billionaire steel magnate Sanjeev Gupta. BEIS committee’s chairman and Labour MP Mr Darren Jones said in a letter to Mr Greensill “You will appreciate the significant public and parliamentary interest in this matter, and why the committee’s legitimate desire to hear from you is important. Failure to appear before parliament is disrespectful not just to parliament but, by extension, to the British people.”
   
   Mr Jones wrote “Given the Treasury’s exposure to government backed loans, via Greensill Capital to GFG Alliance companies, it’s important that the committee hears from Lex Greensill. There are broad questions that need to be answered about audit, corporate governance and due diligence at Greensill, as well as its communications with the British Business Bank. It is therefore suspicious that Lex Greensill is refusing to engage constructively with our inquiry or even outline legitimate reasons for failing to do so. If Lex Greensill maintains confidence in his actions and that of his company, then he should want to appear before the Committee to put his position on the public record. I urge him to think again.”
   
   The committee has given Greensill until the end of Thursday to respond to requests to appear in front of the committee on 29 June, or the next convenient date.
   
   However, in a response seen by the Guardian, Mr Greensill assured MPs that he meant no disrespect to parliament and had already appeared in front of the Treasury committee last month. He also repeated concerns that there are no way to ensure he did not prejudice the SFO inquiry while giving evidence live to MPs. Mr Greensill said in his letter “I would be happy to consider any written questions that the committee may have for me and will endeavour to respond in writing to the extent that it is appropriate for me to do so.”
   
   Greensill Capital was one of GFG Alliance’s largest lenders, offering advances on invoices that have not yet been paid by its suppliers. Greensill is reportedly have loaned the company as much as GBP 3.6 billion by the time the lender collapsed in March this year.
   
   The British Business Bank is currently investigating the GBP 400 million worth of government-backed emergency Covid loans that Greensill reportedly extended to GFG firms during the pandemic. The SFO is also investigating GFG and its financing arrangements with Greensill Capital, over suspected fraud, fraudulent trading and money laundering.
   
   Source - Strategic Research Institute
3. voda 17 juni 2021 08:03

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   Italian Steel Association Federacciai Backs EU Safeguard Extension
   
   Local media reported that Italian steel producers association Federacciai has defended the proposed extension of the EU safeguard measures on steel imports. Federacciai said “Considering the cause of the European defense measures adopted to be a response to the incorrect or distorting behaviour of the international markets or to mere speculation appears misleading as well as clearly wrong, as easily demonstrated by the numbers available. Renewal of the safeguard is an act due to the persistence of the distortive protectionist measures imposed by the United States and cancelling this measure now would be irresponsible. This scenario puts the entire supply chain in difficulty, subject to the imbalance between supply and demand and the sharp increases in the price of raw materials, starting with iron ore and scrap, situation made even more difficult by the explosion of logistics costs.”
   
   Federacciai added “Also given the indisputable fact that none of the import quotas of individual products has reached saturation since the beginning of the year and therefore the European safeguard has absolutely not prevented the free import of steel products in this phase of economic recovery.”
   
   Source - Strategic Research Institute
4. voda 17 juni 2021 08:04

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   Danieli Bags Mariupol Cold Strip Mill Complex Order from Metinvest
   
   Ukrainian steel producer Metinvest has contracted Danieli to supply a new cold rolled, galvanized and color coated coil production complex, to be implemented at Ilyich Steel in Mariupol in Ukraine. The complex will produce 1.6 million tonnes per year of quality cold rolled strip products, of which over 600,000 tonnes per year will be galvanized coils and more than 170,000 tonnes per year will be polymer coated coils for the domestic and European construction and automotive markets. The final strip thickness will be down to 0.25 mm for coils in widths up to 1,600 mm. The first coil will be produced by Q3 of 2024.
   
   The project comprises the construction of a continuous tandem cold-rolling mill combined with a pickling line, as well as two strip processing lines for zinc, zinc-aluminium and polymer coatings. The pickling line coupled to the five stand cold mill will be based on Turboflo technology and preceded by a powerful scale breaker to improve strip shape and cleaning efficiency.
   
   The mill will feature Danieli OSRT shaped rolls for superior flatness-correction below 5IU. Strip thickness tolerance will be 0.6%, with head& tail off-gauge length lower than four meters. Within the galvanizing line the Danieli Kohler X-Jet wiping system will perform extremely accurate control of final zinc coating thickness, down to 30 grams per square meter on each side at 150 meters per minute. The induction technology implemented for the in-line painting section will allow to produce high quality polymer coated strips.
   
   The installed technologies will allow Metinvest to produce in the greenest way at the most competitive production costs, and with emissions much lower than actual standards.
   
   Source - Strategic Research Institute
5. voda 17 juni 2021 08:06

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   Emirates Steel’s Headquarter Receives LEED Platinum Rating
   
   UAE based leading integrated steel maker Emirates Steel’s headquarter and warehouse in Musaffah Industrial Area in Abu Dhabi in UAE has received the Platinum Rating for green buildings from Leadership in Energy and Environmental Design, LEED v4, awarded by the US Green Building Council, achieving 80 and 82 points respectively. This is a new global recognition of Emirates Steel’s success in implementing the highest international standards in green buildings. Emirates Steel CEO Engineer Saeed Ghumran Al Remeithi said “Emirates Steel is committed to the highest standards of sustainability and efficiency in all projects and initiatives. Receiving the Platinum Rating for green buildings from LEED highlights our sustainability efforts and leadership. This helped us rationalise our energy consumption, improve buildings’ indoor environment quality, enhance its thermal insulation, find new sustainable solutions for waste management, and other LEED requirements. This helps us maximise our contribution in reducing emissions, promoting sustainability and protecting our environment.”
   
   In October 2020, Emirates Steel became the first steel manufacturer in the region and one of the first 50 companies in the world to be verified for LEED documentation for its products. Its high-quality steel products comply with international and local Green Building rating systems, such as LEED and Abu Dhabi ESTIDAMA programme.
   
   As a member of the worldsteel Climate Action Programme, Emirates Steel is also a recipient of its Certificate of Recognition for its participation in the CO2 Emissions Data Collection Programme in partnership with Al Reyadah carbon capture, utilisation and storage facility. To learn more about Emirates Steel’s sustainability efforts, please visit: www.emiratesteel.com.
   
   Source - Strategic Research Institute
6. voda 17 juni 2021 08:06

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   HBIS Serbia to Restart Blast Furnace 1 at Smederevo Plant
   
   China's HBIS unit HBIS Group Serbia Iron & Steel plans to restart one of its blast furnace no 1 at the Smederevo plant on August 16 that was shut down on July 5 last year due to the coronavirus pandemic. The other blast furnace at Smederevo steel mill has been kept in operation. HBIS said “The current market situation has created favourable conditions for the launch of the blast furnace no 1, whose production volume will depend on market demand.”
   
   HBIS took over the management and ownership of Zelezara Smederevo in July 2016, three months after the Serbian government agreed to sell the steel mill to the Chinese group for EUR 46 million
   
   HBIS Serbia produces flat rolled steel products in coils and sheets such as
   
   Hot-rolled products
   
   Hot-rolled chequered products
   
   Hot rolled pickled products
   
   Cold rolled products
   
   Tinplate products
   
   Source - Strategic Research Institute
7. voda 17 juni 2021 08:07

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   Cleveland-Cliffs Celebrates Direct Reduction Plant in Toledo
   
   US mining & steel maker Cleveland-Cliffs Inc recently celebrated the initial six months of continued operation and production of hot-briquetted iron at the Direct Reduction plant in Toledo in Ohio. Cliffs’ Chairman, President and Chief Executive Officer Mr Lourenco Goncalves said “We are celebrating a new era for the iron and steel industry in the United States. This event formally marks the culmination of our USD 1 billion investment to build and operate the world’s most modern and environmentally friendly Direct Reduction plant, and the first plant of its kind constructed for the present and for the future. Natural gas based iron reduction is the future of our industry. The production and use of HBI within our operations has catalyzed what has been a phenomenal year for us and, very importantly, has supercharged our greenhouse emissions reduction program. It has also boosted our profitability through enhanced productivity in our blast furnaces and the avoidance of prime scrap purchases from third parties for use in our EAFs and BOFs.”
   
   Cleveland-Cliffs has the nominal capacity to produce 1.9 million metric tons per year of customized high-quality HBI using natural gas based iron reduction. HBI can be used in blast furnaces to improve productivity and reduce GHG by lowering the amount of coke needed for steel production. HBI can also be used in EAFs and BOFs to replace foreign-sourced pig iron and prime scrap, thereby lowering costs and reducing the higher GHG emissions associated with pig iron production and transportation.
   
   Cleveland-Cliffs is the largest flat-rolled steel producer in North America. Founded in 1847 as a mine operator, Cliffs also is the largest manufacturer of iron ore pellets in North America. The Company is vertically integrated from mined raw materials and direct reduced iron to primary steelmaking and downstream finishing, stamping, tooling, and tubing.
   
   Source - Strategic Research Institute

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8. voda 17 juni 2021 08:08

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   Former Odisha Minister Dr Ghadai Calls for Revival of NINL
   
   The Pioneer reported that Former Minister and chief adviser of the Kalinganagar Labor Union Dr Prafulla Chandra Ghadai said “While other private industries in Kalinga Nagar are planning to expand their steel mills, there is little justification to shut down a Government-run joint venture between the Central and State Governments like the Nilachal Ispat Nigam Limited. The Central Government should convene a high-level meeting soon and take a positive decision on the functioning of the Nilachal Steel Corporation. In addition, it can entrust any Central Government enterprise, such as SAIL, RINL or NMDC with the responsibility of managing it.”
   
   The Cabinet Committee on Economic Affairs on 8th Jan 2020 had given 'in principle approval for strategic disinvestment of equity shareholding of Neelachal Ispat Nigam Limited to a strategic buyer, identified through a two-stage auction procedure. Thereafter Department of Investment & Public Asset Management invited Global Invitation for Expression of Interest in January 2021 for strategic disinvestment of Neelachal Ispat Nigam Limited. The sale will include transfer of management control, mining rights and leasehold rights of land currently held by the public sector enterprise under the steel ministry which makes pig iron and billets.
   
   Business Standard reported in March 2021 that Tata Steel, ArcelorMittal Nippon Steel India and Vedanta’s ESL Steel may participate in the strategic disinvestment of of Neelachal Ispat Nigam Ltd. The due date for expression of interest for NINL is March 29.
   
   Neelachal Ispat Nigam Limited was incorporated in 1982 to set-up an Integrated Steel Plant to undertake manufacturing and sale of steel products. NINL's manufacturing unit is located at Kalinganagar Industrial Complex, Duburi in Odisha. The Company has built its manufacturing facility in two phases. In Phase I, the Company had set up the blast furnace of 1.1 million tonne per annum to produce pig iron which was commissioned in 2002. Subsequently, other supporting facilities like Sinter plant, Coke oven plant, Power plant were commissioned. The Company thereafter set up a Steel Melting Shop with installed capacity of 897,000 tonnes per annum for producing billets as Phase II capacity expansion plan along with Continuous Casting Shop, Ladle Furnace, Billet Caster and other auxiliary facilities which were commissioned during FY 2014. NINL has also been allotted a captive iron ore mine in Odisha having an estimated mineable reserve of around 90.91 million tonne. The major shareholders of NINL include MMTC 49.78%, NMDC 10.10%, MECON 0.68%, BHEL 0.68%, IPICOL 12.00% and OMC 20.47%.
   
   Source - Strategic Research Institute
9. voda 17 juni 2021 08:11

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   Shyam Metalics IPO Over Subscribed
   
   The initial public offer of Kolkata based long steel products and Ferro alloy-producer Shyam Metalics and Energy received bids for 256.05 crore shares as against 2.10 crore shares on offer, subscribed 121.40 times. The issue opened for bidding on 4 June 2021 and closed on 16 June 2021. The issue comprised of fresh issue of equity shares aggregating up to INR 909 crore comprising of a fresh issue of up to INR 657 crore and an offer for sale of up to INR 252 crore, including anchor portion of 88,21,764 equity shares. The price band for the IPO was set at INR 303-306 per share.
   
   The company proposes to utilize the net proceeds of the fresh issue towards repayment and/or pre-payment, in full or part, of debt of the company and Shyam SEL and Power, one of the subsidiaries amounting INR 470 crore and balance towards general corporate purposes.
   
   ICICI Securities, Axis Capital, IIFL Securities, JM Financial, and SBI Capital Markets were the managers of the offer.
   
   Source - Strategic Research Institute
10. voda 17 juni 2021 08:12

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    ArcelorMittal Liberia Plans Restart of Phase 2 Expansion Project
    
    Liberian Senate President Pro Tempore Mr Albert Tugbe Chie, a geologist, visited to the ArcelorMittal Liberia’s mining operations in Tokadeh in Nimba County and inspected ongoing preparatory work for the resumption of construction of a concentrator and other state of the art mining infrastructures. Mr Albert Chie expressed optimism about the transformational impact that the ArcelorMittal Liberia expansion project will have on the country’s economy and the many benefits to be accrued in jobs, revenue generation, and other critical areas and pledged to work with other legislators to support the AML expansion project and plan for the future. He said “Government sees this as a ground breaking investment that will provide many jobs and training for Liberians to take up major technical and professional roles within the company.”
    
    ArcelorMittal Liberia’s Acting Chief Executive Officer Mr Johannes Heystek emphasized AML’s readiness to accelerate on going progress on the expansion project and assured of the company’s commitment to increasing investment in Liberia as a strategic partner to the country. He said ArcelorMittal Liberia is excited by the visit of the President Pro Tempore and expressed the hope that as someone with a rich mining and geological expertise, he would be an ambassador for the expansion project.
    
    ArcelorMittal Liberia plans to restart the expansion of its iron-ore operations in Liberia this year. The Phase 2 project was brought to a halt when on-site contracting companies pulled out with the onset of the Ebola crisis in West Africa in 2014. ArcelorMittal recently completed a revised feasibility study for the modular build of a 15 million tonne concentrator, with aligned mine, concentrator, rail and port capacity. About USD 800 million would be required to complete the brownfield project. First concentrate is expected in the fourth quarter of 2023.
    
    ArcelorMittal Liberia has been operating a five-million-tonne direct shipping ore project since 2011 and started an expansion to 15-million tonnes a year in 2013.
    
    Source - Strategic Research Institute

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11. voda 17 juni 2021 08:14

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    OMK Chelyabinsk Plant Certified for Supplies to Nuclear Industry
    
    Russian pipe maker United Metallurgical Company OMK’s Chelyabinsk plant has been confirmed the compliance of its quality management system with the requirements of GOST R ISO 9001-2015 in the Rosatomregister certification system in relation to the development, production and supply of products for the nuclear industry. It also gives advantages when participating in tenders for the supply of products for nuclear power plants and other facilities of the Rosenergoatom concern.
    
    The certificate of conformity was issued in May 2021. The document certifies the compliance of the quality management system of the OMK Chelyabinsk plant with the requirements of GOST R ISO 9001-2015 in relation to the development, production and supply of steel non-cast pipe fittings; welded pipes; local pipelines for liquids and gas; steam boilers; building metal structures; metal tanks, reservoirs and containers; auxiliary equipment for nuclear power plants; heat exchangers and machines for liquefying air or gases; equipment for filtering and purifying gases; equipment and installations for filtration or purification of liquids. The certificate is valid until 2024.
    
    OMK Chelyabinsk Plant has been producing products for the nuclear power industry since 2014. The company has experience in deliveries for the construction of major international nuclear power plants, such as Indian Kudankulam and Rooppur in the Republic of Bangladesh. The Chelyabinsk plant fulfils part of the orders in cooperation with the Belgorod enterprise OMK to make complex deliveries of products for nuclear power facilities in a shorter time frame.
    
    Source - Strategic Research Institute
12. voda 17 juni 2021 08:14

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    Coalition of American Metal Manufacturers & Users Disappointed
    
    The Coalition of American Metal Manufacturers and Users, regarding trade related developments between the United States and European Union, said “While the US and EU made some progress during the summit in resolving long-standing trade disputes, CAMMU is disappointed that the parties did not come to an agreement on a timeline to end the Section 232 steel and aluminium tariffs. We reiterate the urgency of terminating these tariffs imposed under the previous Administration while discussions continue on how best to address China’s over supply of steel and aluminium. We also note that any working group or stakeholder involvement in the discussions must include US industrial users of steel and aluminium.”
    
    CAMMU added “The 232 tariffs on steel and aluminium should have never been applied to our allies in the first place. They have only served to increase the costs of goods manufactured in America compared to overseas competitors who can simply import the finished product to the US and thus continue to erode the ability of the US manufacturing sector to compete and survive in the global market. Record high prices, shortages and delays in delivery for steel and aluminium are rippling throughout downstream industries, disrupting supply chains and threatening the economic security of American workers. Section 232 provides no mechanism for review of the costs and benefits of the tariffs. We urge the Biden Administration to reach a resolution with our trading partners and terminate the Section 232 tariffs as quickly as possible before more damage is done to the manufacturing sector and the economy.”
    
    Source - Strategic Research Institute
13. voda 17 juni 2021 16:13

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    ArcelorMittal wil leningen aflossen
    Maximale aflossing ruim 2,87 miljard euro.
    
    (ABM FN-Dow Jones) ArcelorMittal heeft een bod gedaan op een viertal obligaties. Dit meldde het staalconcern donderdag.
    
    In totaal staat er 2,87 miljard euro uit onder deze leningen.
    
    Het staalbedrijf nodigt de houders van de vier obligaties uit om hun waardepapieren aan te bieden voor verkoop. Het betreft obligaties met een looptijd tot 17 januari 2023, 19 mei 2023, 17 januari 2024 en 19 november 2025.
    
    Het bod loopt af om 17.00 uur CET op 23 juni 2021.
    
    Afzonderlijk meldde ArcelorMittal donderdag ook een tenderbod op een drietal obligaties in dollars met looptijden van 2024, 2025 en 2026. Onder deze leningen staat nog zo'n 1,76 miljard dollar uit.
    
    Door: ABM Financial News.
    
    info@abmfn.nl
    
    Redactie: +31(0)20 26 28 999
14. voda 18 juni 2021 08:00

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    ArcelorMittal to Close Tailored Blanks Unit in Birmingham in UK
    
    As per media reports, ArcelorMittal is planning to close its Tailored Blanks factory in Birmingham in UK. It informed employees “In the face of a significant decline in vehicle demand in the EU and a weak long-term outlook for a recovery in demand, as well as a lower level of vehicle production in the UK, the strategic business analysis concluded that ArcelorMittal Tailored Blanks in Birmingham is not sustainable over the long term forecast.”
    
    ArcelorMittal Tailored Blanks supplies welded and non-welded blanks to the automotive industry and has offices in Belgium, France, Germany, Slovakia, Spain and the United Kingdom. The firm operates under a transfer-pricing agreement with its parent company, ArcelorMittal Tailored Blanks NV, enabling it to sell all its stock at an agreed transfer price, based on cost plus a 2-4% mark-up.
    
    Tailored Blanks have become less popular in the automotive industry than they once were. Hot forming is more commonly used, which allows for a more aesthetic finish than individual blanks, which allows the use of a single sheet without a welded joint where different sizes are joined.
    
    ArcelorMittal’s Tailored Blanks division is a world leader in laser welded blanks with design and production facilities in most parts of the world. In addition to laser welded blanks, Tailored Blanks also produces tailored shaped blanks. These are blanks with the exact shape of the final parts called net shaped, or close to that shape, called near-net shaped. By using a blank which is close to the final shape, OEMs can
    
    1. Reduce the complexity of their stamping dies
    
    2. Increase productivity
    
    3. Reduce scrap rates
    
    Source - Strategic Research Institute
15. voda 18 juni 2021 08:01

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    JFE Steel Starts Slab Caster at West Japan Works in Kurashiki
    
    JFE Steel held the operation ceremony of the 7th continuous casting facility on June 16th at West Japan Works in Kurashiki Ward. Continuous casting equipment is equipment that continuously hardens refined steel and manufactures steel pieces. With the equipment that started operation this time, large-section slabs can be cast with high efficiency, and the latest control mechanism can significantly improve the surface and internal quality of the slab.
    
    Start of construction: November 2017
    
    Completion : June 2021
    
    Investment amount: 53 billion yen
    
    Production capacity: 2 million tonnes per year
    
    Product type: Thick plate, thin plate
    
    Source - Strategic Research Institute
16. voda 18 juni 2021 08:01

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    Indian Steel Giant JSW India Joins India H2 Alliance
    
    The India H2 Alliance has expanded its membership with the inclusion of JSW Steel, CSIR National Chemicals Laboratory and Scottish Development InternationalThree national sustainability think tanks TERI, CEEW and WRI India, have also joined IH2A. These organisations will work closely with the Indian Government to build a hydrogen economy and supply chain.
    
    The inclusion of India’s leading steel player, JSW Steel, is a significant boon to the group with steel and cement having been identified as a priority industrial sector for decarbonisation, where hydrogen could be adopted early on. JSW Steel’s Chief Sustainability Officer Mr Prabodha Acharya said “JSW Group is uniquely placed to lead on green hydrogen topic as we have significant interests in steel, cement, and renewable energy. As the IH2A Work Group Lead for Steel and Cement, we will bring other industry majors and the government together to build consensus for a common path towards hydrogen commercialization in the steel and cement sectors. Green steel as hydrogen product exports can be a national strategy for taking leadership in the global hydrogen value chain by embedding hydrogen in the industrial supply chain. This is a leadership opportunity.”
    
    CSIR-NCL is a premier governmental research agency in India that is focussed on research and development in chemical, allied sciences, and engineering with an emphasis on clean energy, climate change and sustainability.
    
    Scottish Development International brings significant expertise from large-scale hydrogen demonstration projects at Aberdeen, Fife, Orkney and the Western Isles in Scotland that could be leveraged by India for hydrogen policy design and project development.
    
    Source - Strategic Research Institute
17. voda 18 juni 2021 08:02

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    Small Steel Users Seek Control on Steel Prices in India
    
    Tribune News Service reportd that Ludhiana based Federation of Industrial and Commercial Organisation has sent a communication to Prime Minister Mr Narendra Modi, demanding immediate attention on matter of rising steel prices FICO said the government should take suitable steps to scrutinise the business strategies of steel companies to check if they had cartelised to jack up prices artificially. They wrote “The steel manufacturing giants having monopoly are exporting as much as possible to get the maximum profits. The dependent domestic manufacturers are bearing the brunt as steel is available to them at exorbitant rates. The steep hike in steel prices is not market driven. Stimulus packages have increased the consumption in global market. The prices of steel are at unprecedent highs owing to increased demand amid low allocation of production for the domestic market coupled with minimal imports due to import restrictions imposed by the Centre.”
    
    The Hindu Business Line separately reported that Coimbatore Tamil Nadu based associations representing micro, small and medium enterprises continue to seek government intervention to control the irrational increase in price of raw materials such as iron, steel and non-ferrous materials as survival is under severe threat for thousands of engineering SMEs, which are already reeling under the impact of coronavirus. Divine Bharat Chamber of Commerce MSME Committee Chairperson Mr Shanmuga Velayuthan said “MSME units are forced to supply the materials at loss mainly for their survival. MSME sector is squeezed between the primary producers of raw materials and end users. We request the Union government’s immediate intervention to control the prices through Joint Plant Committee. Alternatively, a regulatory commission could be formed to protect both consumers and producers. The Union government’s intervention in controlling the prices of raw materials will immensely help lakhs of engineering MSMEs that are battling to survive after the impact of pandemic.”
    
    Most of the MSME players accept firm price contracts from government departments, undertakings and private sector and it is really challenging particularly in the case of government departments that float tenders with 180-day validity period and placing orders with the delivery schedule of 6-12 months.
    
    Source - Strategic Research Institute
18. voda 18 juni 2021 08:03

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    Howden to Supply Hydrogen Storage Compression Plant to HYBRIT
    
    Air and gas handling products provider Howden has been selected to deliver a hydrogen storage compression solution for HYBRIT, the world’s first fossil-free steel plant in Svartöberget in Sweden. Howden has been contracted to supply a high-pressure diaphragm compression package to seamlessly integrate the storage cycle of the hydrogen production. The hydrogen compression includes installation and commissioning of a packaged three stage diaphragm compressor. The storage facility consists of a 100 cubic meter hydrogen storage built in an enclosed rock cavern approximately 30 meter below ground. This offers a cost-effective solution, with the necessary pressure required,. The agreement includes installation and commissioning of a packaged three stage diaphragm compressor.
    
    A joint project between Sweden’s SSAB, LKAB and Vattenfall, HYBRIT is the deployment of a unique pilot project for large-scale hydrogen storage. This initiative leads the development of the world’s first fossil-free value chain for the iron and steel industry, to address renewable hydrogen storage.
    
    Source - Strategic Research Institute
19. voda 18 juni 2021 08:04

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    EU Carbon Border Tax May Impinge on WTO Rules – Russian Deputy PM
    
    Reuters reported that Russian Deputy Prime Minister Mr Alexander Novak told the ministry's inhouse magazine that the European Union's plans to impose carbon emission costs on imports of goods may clash with the global trade rules and threaten the safety of energy supplies.He told that “Such carbon border taxes could be extended in coming years to oil, natural gas and coal, key sources of revenues for Moscow's state coffers. Many experts believe that the introduction of the carbon border tax may infringe on several principles of the World Trade Organization.”
    
    He also called for the need to seek a compromise and warned about possible interruptions of energy supplies. He said "Artificial restrictive measures of the traditional fuel and energy sectors may reduce the profitability and investment attractiveness of the sector, and as the result, the threat to the safety of energy supplies will emerge.”
    
    The EU plans to impose carbon emission costs on imports of goods including steel, cement and electricity. The European Commission has said such a measure would be fully compliant with World Trade Organisation rules.
    
    Source - Strategic Research Institute
20. voda 18 juni 2021 08:05

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    Steel Minister Assures West Bengal over Closure of SAILRMD Kolkata
    
    India’s Steel Minister Mr Dharmendra Pradhan has assured West Bengal Finance Minister Mr Amit Mitra that there are no plans to terminate any employee of Steel Authority of India Limited or reduce its headcount. In a letter Mr Pradhan said "There is no plan to terminate or reduce employee strength of the company. SAIL, a responsible employer, will continue to take care of its employees. I hope that clarifies the position as regards to your apprehensions.”
    
    The steel minister further said “Steel Authority of India’s two steel plants in West Bengal will not face iron ore crisis due to a restructuring in the company. Even though there are no iron ore mines in West Bengal, iron ore for DSP and ISP is dispatched from the SAIL mines located in other states under the coordination of the Director (Technical, Projects and Raw Materials) of the company. Durgapur Steel Plant and IISCO Steel Plant in Burnpur are two of the prestigious plants on which SAIL has made large investments, and as part of its expansion plan, the company will have to expand mining operations to produce more iron ore to meet its own requirements.”
    
    Mr Mitra had requested the steel minister to intervene and stop the dismantling of Raw Materials Division of Steel Authority of India Limited in Kolkata, saying it would result in job losses amid the COVID-19 pandemic. He wrote “The move to dissolve the RMD headquarters by the board of the company will also be detrimental to the interests of two iconic and profitable SAIL's steel plants at Durgapur and Burnpur in West Bengal. They would be left with no captive mines and iron ore supplies if the raw materials division is dismantled.”
    
    Source - Strategic Research Institute