ArcelorMittal LU1598757687

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1. voda 15 juli 2021 09:00

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   TMK Investing in Special Steel Production at Volzhsky Pipe Plant
   
   Russan Pipe Metallurgical Company TMK is implementing the Stainless River investment project to modernize the electric steel-making production at the Volzhsky Pipe Plant. The company will allocate 1.5 billion rubles for technological re-equipment, which will allow the company to produce new corrosion-resistant and stainless steel grades. A vacuum degassing unit and a continuous steel casting machine No 2 will be reconstructed in the electric steelmaking shop of VTZ. Also, the enterprise will organize a site for the acceptance and processing of stainless steel waste. The work on the technological re-equipment of the workshop is planned to be completed in the second half of 2022
   
   The contract for the supply of the corresponding equipment worth 1.5 billion rubles was signed at the production site of the ESPC with SMS Concast AG
   
   VTZ First Deputy General Director & Chief Engineer of TMK Mr Vyacheslav Popkov said “With the start of this project, we can talk about the beginning of the creation in Russia of the largest cluster for the production of special steels. These are stainless steel grades austenitic, ferritic, martensitic grades, these are special steels used in various fields of mechanical engineering, as well as steels for the production of pipes for working in aggressive environments.”
   
   Source - Strategic Research Institute
2. voda 15 juli 2021 09:01

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   Vietnam to Impose 5% Tax on Steel Billets Exports
   
   Reuters reported that Vietnam plans to impose a 5% export tax on steel billets and cut the import tax on some steel products. The move is aimed at easing domestic steel prices to help firms cut costs as a recent increase in domestic steel prices had put a brake on several projects. In addition, import tax on some steel products, including construction steel products, would be reduced to 10%-15% from a range of 15%-25%.
   
   Vietnam’s steel exports in the first half of 2021 rose 50% from a year earlier to 5.88 million tonnes, while steel imports were up 5.9% at 7.09 million tonnes.
   
   Source - Strategic Research Institute
   
   
3. voda 15 juli 2021 09:01

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   EVRAZ Breaks Ground for New Rail Mill at Pueblo in Colorado
   
   EVRAZ North America broke ground for USD 500 million dollar expansions to the Pueblo steel mill in Colorado in US. The mill will produce 300 foot rail segments that will be welded together to form quarter-mile long rails that could be shipped anywhere in the US and the world. As a part of the expansion, the steel mill will be entirely powered by solar power. EVRAZ NA President & CEO Skip Herald said “Everything that goes into our steel facility is either old cars or old appliances, so we are recycling over a million tons every year. If you can combine that with solar power to power that furnace and power the facility, you have green steel and there is nowhere else in the world that can claim that."
   
   Construction on half mile long rail building will employ about 800 construction workers and use 7,000 tons of steel, 52,000 yards of concrete and 5 million pounds of rebar.
   
   The expansion is expected to be completed by 2023.
   
   Source - Strategic Research Institute
4. voda 15 juli 2021 09:02

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   ArcelorMittal Kryvyi Rih Starts Modernization of BF 9
   
   ArcelorMittal Kryvyi Rih has begun reconstruction of Blast Furnace No 9 that is 35-storeyed house high, produces 9 200 tonnes of hot metal per day, at an estimated cost of USD 270 million. After the restructuring, the raw material for the furnace will be not sinter only, but also pellets, which are the product of the new pellet plant. At the same time, the volume of hot metal production will increase upto 12 500 tonnes per day.After the upgrade, the total amount of dust emissions at BF 9 will be reduced significantly because of the new aspiration system and modern gas cleaning. ArcelorMittal Kryvyi Rih will complete the reconstruction of blast furnace No 9 by the end of 2023.
   
   Back in 2019, ArcelorMittal Kryvyi Rih signed an agreement on the reconstruction of blast furnace No 9 with CISDI UK international company, which is one of the world leaders in implementation of large-scale engineering projects for the metallurgical industry. The contract includes the development of engineering and the supply of main equipment. The basic design of the reconstruction has already been completed, agreements have been concluded and detailed engineering has begun. Blast furnace No. 9 is already being prepared for large-scale construction. Now the company is organizing the sites for installation of equipment and storage facilities.
   
   Modernization of BF 9 will allow it to work effectively for the next 20 years. Pulverized coal fuel will be used instead of expensive natural gas. The total consumption of fuel gas, coal and coke will decrease, and, accordingly, the primecost of hot metal will be lower. Currently, large volumes of water are used to cool the blast furnace, but after the repair, the unit will operate with a new type of water cooling. For this, the furnace’s casing will be strengthened and cast iron and copper cooling plates with silicon carbide refractories will be installed. As of now the blast furnace slag is cooled by a powerful stream of water, then according to the new technology, the slag gets into the granulation tank with in-built condensation tower, which reduces water consumption. New gas cleaning plant will allow increasing of blast furnace gas cleaning efficiency upto 5 miligrams per cubic meter. This gas will be consumed as fuel within the plant itself. New cast house will be flat with covered runners that will significantly improve the working atmosphere at ?ast floor. There will be two aspiration system with bag filter technology to remove dust and other emissions that can pollute the atmosphere.
   
   In total, ArcelorMittal Kryvyi Rih operates with four blast furnaces. Furnace No 9 is the largest of them, built in 1974. Now its useful volume exceeds 5 000 cubic meters.
   
   Source - Strategic Research Institute

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5. voda 15 juli 2021 09:03

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   Shandong Iron & Steel Could Merge with Baowu Steel Group
   
   China’s Shandong Iron and Steel Co Ltd informed Shanghai Stock Exchange that its ownership could change as a result of a planned restructuring of its parent involving to China Baowu Steel Group. It said “The state assets regulator of eastern China’s Shandong province was working with Baowu on a strategic restructuring of parent company Shandong Iron and Steel Group. This matter may lead to a change in the company’s controlling shareholder and actual controller.”
   
   However it added that uncertainties remained.
   
   Chinese media had reported in January that Shandong Iron and Steel Group would be merged into Baowu.
   
   China’s seventh-biggest steelmaker by production with 31.11 million tonnes in 2020 Shandong Iron and Steel Group would increase Baowu’s annual steel production beyond 150 million tonne mark
   
   The State owned Shandong Iron and Steel Group Co Ltd was created out of the restructuring of Jinan Iron and Steel Group Co and Laiwu Steel Group Corp and Shandong Metallurgical Industry Corp. The three belong to the Shandong provincial state assets management commission.
   
   Source - Strategic Research Institute
6. voda 15 juli 2021 09:07

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   Aceros Arequipa Acquires Scrapyard Assets in Thampa in Florida
   
   Peruvian steel maker Aceros Arequipa announced the signing of a contract for the purchase of of a shredder and feeder scrap yard in the Tampa in Florida in the United States, thereby expanding operations in US. Details on the amount of the deal have not yet been revealed but media report say that the two major facilities in the deal were previously owned by Maine-based Grimmel Industries. These include Port Manatee Scrap Metal, which has a 6,000-horsepower shredder and is near the Port Manatee deep-water port, as well as St Petersburg-based St Pete Scrap Metal, which serves as a feeder yard and nonferrous scrap processing facility. Both facilities total 29 acres and are expected to collect and supply Aceros with 100,000 tonnes per year of ferrous scrap metal. The acquisition was made through two new subsidiaries Aceros America Port Manatee and Aceros America St Pete.
   
   This acquisition will also strengthen the supply of recycled steel for its new steelworks in Pisco in Peru. Aceros Arequipa is expected to begin melting this month at its new 1.25 million tonne per electric arc furnac, with upgrades to its rolling mill expected to be completed in August. The company plans to export nonferrous scrap generated at the facilities primarily to Asia.
   
   The additional melting capacity has positioned Aceros Arequipa to grow its presence in the seaborne ferrous scrap bulk import market, with plans to import 750,000 tonnes per year in 2022.
   
   Source - Strategic Research Institute
7. voda 15 juli 2021 09:08

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   USW Members Ratify New Contract with ATI
   
   Members of the United Steelworkers Union have ratified a new four-year contract with specialty steel maker Allegheny Technologies Inc that raises wages, provides lump-sum payments and protects affordable, high-quality health care for current and future workers. In accordance with an agreement between the union and the company, 1,300 USW members in nine ATI locations will begin returning to work on or before July 18, ending an unfair labor practice strike that began March 30, 2021.
   
   USW members voted to ratify the tentative agreement reached on July 2. The new contract runs from March 1, 2021, through February 28, 2025.
   
   The new contract preserves premium-free health insurance coverage without the second, lower tier of health care for new hires the company wanted. It also provides USD 7,000 in direct payments and a 9 percent increase in wages over the life of the agreement, as well as protecting union jobs against outside contractors, safeguarding shutdown pensions and making other important improvements.
   
   Source - Strategic Research Institute
8. voda 15 juli 2021 09:08

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   Dexin Steel Starts Slab Production at Sulawesi Plant in Indonesia
   
   Chinese steelmaker Delong Holdings invested Indonesian joint venture PT Dexin Steel began continuous casting of steel slabs on 28 June 2021 at Morowali Industrial Park Central Sulawesi plant. The addition of slab to the billet, wire rod and rebar already in production is expected to boost Dexin's competitiveness in Indonesia and overseas markets.
   
   Dexin had commenced operations of its first blast furnace in March 2020, selling billet and wire rod to the domestic and overseas markets. The second 1,780 cubic meters blast furnace was commissioned in February 2021 has an annual production capacity of about 2 million tonne. With the addition of the second blast furnace, company's annual production of crude steel is expected to reach 4 million tonnesl annually. With the addition of the third blast furnace sometime in late 2022, full operating capacity is expected to reach 6 million tonnes per year.
   
   PT Dexin Steel is a joint venture between Delong Steel Group, Tsingshan Holding Group, Indonesia Morowali Industrial Park and Hanwa. Delong Steel Singapore Projects, a subsidiary of Chinese steelmaker Delong Holdings, has a 60% stake in the venture and Hanwa 10%. The joint venture is currently also choosing sites in Indonesia for further production boost, totaling 14 million million tonne per year in fresh capacity, bringing the steelmaker's plan for a collective output to 20 million tonne per year.
   
   Source - Strategic Research Institute
9. voda 15 juli 2021 09:09

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   Liberty Ostrava Reports Strong Performance in Apr-Jun'21 Quarter
   
   GFG Alliance’s Czech Republic based steelmaker Liberty Ostrava produced & shipped more than 600,000 tonnes of steel products in April-June 2021, best quarterly production since 2017. Liberty Ostrava said “The continued improvement in the plant’s production performance has been underpinned by the plant's flexibility, which allows it to switch its product mix between long and flat steel products depending on market dynamics. Its EBITDA for the second quarter will be significantly more than the EUR 60 million the company reported for the first quarter.”
   
   Liberty Ostrava added “It will continue to focus on improving production levels as well as accelerate its plans to become carbon neutral by 2030.”
   
   Liberty Ostrava AS is an integrated steel business with an annual production capacity of approximately 3.6 million tonnes per annum serving construction, machinery and oil & gas industries. The company is a domestic leader in the manufacture of road barriers and tubes. In addition to the Czech market, it supplies its products to more than 40 countries around the world.
   
   Source - Strategic Research Institute
10. voda 15 juli 2021 09:10

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    European Commission Adopts Green Deal for Climate Ambitions
    
    The European Commission has adopted a package of proposals to make the EU's climate, energy, land use, transport and taxation policies fit for reducing net greenhouse gas emissions by at least 55% by 2030, compared to 1990 levels. Achieving these emission reductions in the next decade is crucial to Europe becoming the world's first climate-neutral continent by 2050 and making the European Green Deal a reality. With these's proposals, the Commission is presenting the legislative tools to deliver on the targets agreed in the European Climate Law and fundamentally transform our economy and society for a fair, green and prosperous future. These proposals will enable the necessary acceleration of greenhouse gas emission reductions in the next decade. They combine: application of emissions trading to new sectors and a tightening of the existing EU Emissions Trading System; increased use of renewable energy; greater energy efficiency; a faster roll-out of low emission transport modes and the infrastructure and fuels to support them; an alignment of taxation policies with the European Green Deal objectives; measures to prevent carbon leakage; and tools to preserve and grow our natural carbon sinks.
    
    1. The EU Emissions Trading System puts a price on carbon and lowers the cap on emissions from certain economic sectors every year. It has successfully brought down emissions from power generation and energy-intensive industries by 42.8% in the past 16 years. The Commission is proposing to lower the overall emission cap even further and increase its annual rate of reduction. The Commission is also proposing to phase out free emission allowances for aviation and align with the global Carbon Offsetting and Reduction Scheme for International Aviation and to include shipping emissions for the first time in the EU ETS. To address the lack of emissions reductions in road transport and buildings, a separate new emissions trading system is set up for fuel distribution for road transport and buildings. The Commission also proposes to increase the size of the Innovation and Modernisation Funds.
    
    2. To complement the substantial spending on climate in the EU budget, Member States should spend the entirety of their emissions trading revenues on climate and energy-related projects. A dedicated part of the revenues from the new system for road transport and buildings should address the possible social impact on vulnerable households, micro-enterprises and transport users. The Effort Sharing Regulation assigns strengthened emissions reduction targets to each Member State for buildings, road and domestic maritime transport, agriculture, waste and small industries. Recognising the different starting points and capacities of each Member State, these targets are based on their GDP per capita, with adjustments made to take cost efficiency into account.
    
    3. Member States also share responsibility for removing carbon from the atmosphere, so the Regulation on Land Use, Forestry and Agriculture sets an overall EU target for carbon removals by natural sinks, equivalent to 310 million tons of CO2 emissions by 2030. National targets will require Member States to care for and expand their carbon sinks to meet this target. By 2035, the EU should aim to reach climate neutrality in the land use, forestry and agriculture sectors, including also agricultural non-CO2 emissions, such as those from fertiliser use and livestock. The EU Forest Strategy aims to improve the quality, quantity and resilience of EU forests. It supports foresters and the forest-based bioeconomy while keeping harvesting and biomass use sustainable, preserving biodiversity, and setting out a plan to plant three billion trees across Europe by 2030.
    
    4. Energy production and use accounts for 75% of EU emissions, so accelerating the transition to a greener energy system is crucial. The Renewable Energy Directive will set an increased target to produce 40% of our energy from renewable sources by 2030. All Member States will contribute to this goal, and specific targets are proposed for renewable energy use in transport, heating and cooling, buildings and industry. To meet both our climate and environmental goals, sustainability criteria for the use of bioenergy are strengthened and Member States must design any support schemes for bioenergy in a way that respects the cascading principle of uses for woody biomass. To reduce overall energy use, cut emissions and tackle energy poverty, the Energy Efficiency Directive will set a more ambitious binding annual target for reducing energy use at EU level. It will guide how national contributions are established and almost double the annual energy saving obligation for Member States. The public sector will be required to renovate 3% of its buildings each year to drive the renovation wave, create jobs and bring down energy use and costs to the taxpayer.
    
    5. A combination of measures is required to tackle rising emissions in road transport to complement emissions trading. Stronger CO2 emissions standards for cars and vans will accelerate the transition to zero-emission mobility by requiring average emissions of new cars to come down by 55% from 2030 and 100% from 2035 compared to 2021 levels. As a result, all new cars registered as of 2035 will be zero-emission. To ensure that drivers are able to charge or fuel their vehicles at a reliable network across Europe, the revised Alternative Fuels Infrastructure Regulation will require Member States to expand charging capacity in line with zero-emission car sales, and to install charging and fuelling points at regular intervals on major highways: every 60 kilometres for electric charging and every 150 kilometres for hydrogen refuelling.
    
    6. Aviation and maritime fuels cause significant pollution and also require dedicated action to complement emissions trading. The Alternative Fuels Infrastructure Regulation requires that aircraft and ships have access to clean electricity supply in major ports and airports. The ReFuelEU Aviation Initiative will oblige fuel suppliers to blend increasing levels of sustainable aviation fuels in jet fuel taken on-board at EU airports, including synthetic low carbon fuels, known as e-fuels. Similarly, the FuelEU Maritime Initiative will stimulate the uptake of sustainable maritime fuels and zero-emission technologies by setting a maximum limit on the greenhouse gas content of energy used by ships calling at European ports.
    
    
11. voda 15 juli 2021 09:10

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    Deel 2:
    
    7. The tax system for energy products must safeguard and improve the Single Market and support the green transition by setting the right incentives. A revision of the Energy Taxation Directive proposes to align the taxation of energy products with EU energy and climate policies, promoting clean technologies and removing outdated exemptions and reduced rates that currently encourage the use of fossil fuels. The new rules aim at reducing the harmful effects of energy tax competition, helping secure revenues for Member States from green taxes, which are less detrimental to growth than taxes on labour.
    
    8. A new Carbon Border Adjustment Mechanism will put a carbon price on imports of a targeted selection of products to ensure that ambitious climate action in Europe does not lead to ‘carbon leakage'. This will ensure that European emission reductions contribute to a global emissions decline, instead of pushing carbon-intensive production outside Europe. It also aims to encourage industry outside the EU and our international partners to take steps in the same direction.
    
    These proposals are all connected and complementary. EU needs this balanced package, and the revenues it generates, to ensure a transition which makes Europe fair, green and competitive, sharing responsibility evenly across different sectors and Member States, and providing additional support where appropriate.
    
    While in the medium- to long-term, the benefits of EU climate policies clearly outweigh the costs of this transition, climate policies risk putting extra pressure on vulnerable households, micro-enterprises and transport users in the short run. The design of the policies in today's package therefore fairly spreads the costs of tackling and adapting to climate change.
    
    In addition, carbon pricing instruments raise revenues that can be reinvested to spur innovation, economic growth, and investments in clean technologies. A new Social Climate Fund is proposed to provide dedicated funding to Member States to help citizens finance investments in energy efficiency, new heating and cooling systems, and cleaner mobility. The Social Climate Fund would be financed by the EU budget, using an amount equivalent to 25% of the expected revenues of emissions trading for building and road transport fuels. It will provide EUR 72.2 billion of funding to Member States, for the period 2025-2032, based on a targeted amendment to the multiannual financial framework. With a proposal to draw on matching Member State funding, the Fund would mobilise EUR 144.4 billion for a socially fair transition.
    
    The benefits of acting now to protect people and the planet are clear: cleaner air, cooler and greener towns and cities, healthier citizens, lower energy use and bills, European jobs, technologies and industrial opportunities, more space for nature, and a healthier planet to hand over to future generations. The challenge at the heart of Europe's green transition is to make sure the benefits and opportunities that come with it are available to all, as quickly and as fairly as possible. By using the different policy tools available at EU level we can make sure that the pace of change is sufficient, but not overly disruptive.
    
    Source - Strategic Research Institute
12. voda 15 juli 2021 09:12

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    Controversy Erupts over AP’s Tender for Iron Ore Mining
    
    Deccan Chronicle reported that a controversy has erupted over the mining department inviting tenders for mining of iron ore in D Hirehal mandal, in the western boundary region of the state, as the Karnataka government says a survey to demarcate the boundary line remains unfinished. A dispute between AP and Karnataka states over demarcation of boundary is ongoing. While Karnataka mining companies have reportedly demanded that the state government stop mining activities because a boundary dispute existed, the central survey teams have not considered village contours for demarcating the boundary.
    
    In view of the illicit mining activities and also because of the damage thereof to the state’s boundary caused by mining companies, the CBI had filed cases. Thereon, mining activities were stopped for a decade now in D Hirehal mandal.
    
    The Andhra Pradesh Mineral Development Corporation, fully owned by the state government, invited e-tenders from experienced and competent bidders for exploration, development and operations of 25 hectares of the iron ore deposit area at H Siddapuram village in D Hirelal mandal of the district a week ago. The mining operations will be on a raising-cum-sale-contract basis. The last date for submission of technical bid by online is July 23.
    
    The H Siddapuram mining area has rich iron deposits in the D. Hirehal mandal located closer to Bellary district’s forest area of Karnataka.
    
    Source - Strategic Research Institute

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13. voda 15 juli 2021 16:31

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    Beursblik: Barclays zet ArcelorMittal op kooplijst
    Koersdoel op 36,00 euro.
    
    (ABM FN-Dow Jones) Barclays is gestart met het volgen van ArcelorMittal met een Overwogen advies en een koersdoel van 36,00 euro. Dit blijkt uit een groot sectorrapport van de Britse bank.
    
    De staalprijzen ogen fundamenteel goed en ArcelorMittal zal hier bovengemiddeld van profiteren, aldus de analisten.
    
    De markt onderschat volgens Barclays de vrije kasstroom van ArcelorMittal en de enorme beloning die aandeelhouders in de komende twee jaar zullen ontvangen.
    
    Barclays schat dat de staalreus dit jaar 10,16 dollar per aandeel zal verdienen, terwijl de consensus op slechts 8,29 dollar rekent. De EBITDA schat de bank op 16,9 miljard dollar, terwijl deze post in 2020 slechts 4,3 miljard dollar bedroeg.
    
    Door: ABM Financial News.
    
    info@abmfn.nl
    
    Redactie: +31(0)20 26 28 999
14. max2 15 juli 2021 17:00

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    Allemaal koersdoelverhogingen en we blijven niet vooruit te branden met dit fonds. Gelukkig doen mijn Rabo ledencertificaten de laatste tijd het opvallend goed. Veel beleggers stappen uit aandelen en kiezen voor een veiligere belegging.Rabo gaat binnenkort weer aankondigen dat ze weer 6,5 % vergoeding gaan betalen.
15. voda 16 juli 2021 06:52

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    15 jul Recordwinst Alcoa
    Gerelateerd: ALCOA CORP. O.N. 29,930 -0,23%
    
    Alcoa heeft in het tweede kwartaal van 2021 een recordwinst behaald dankzij een verbeterde vraag en hogere aluminiumprijzen. Dit bleek donderdag nabeurs uit de resultaten van de Amerikaanse aluminiumproducent.
    
    "Alcoa kende een uitstekend tweede kwartaal en eerste halfjaar, de sterkste sinds onze lancering als onafhankelijk bedrijf in 2016", zei CEO Roy Harvey in een toelichting. "Deze recordprestatie weerspiegelt hoe onze strategieën werken om resultaten te behalen."
    
    In de verslagperiode steeg de nettowinst op kwartaalbasis van 175 miljoen naar 309 miljoen dollar. In het tweede kwartaal van 2020 schreef Alcoa nog een verlies van 197 miljoen dollar.
    
    In juni rondde Alcoa de verkoop af van een fabriek in Maryland voor 100 miljoen dollar, wat in het tweede kwartaal een boekwinst betekende van zo'n 90 miljoen dollar.
    
    De aangepaste winst per aandeel van 1,49 dollar was beter dan de 1,29 dollar die door FactSet-analisten werd voorspeld.
    
    De omzet steeg in het tweede kwartaal op jaarbasis van 2,15 miljard naar 2,83 miljard dollar en was beter dan de 2,65 miljard dollar waar de markt op rekende. De opbrengsten daalden wel iets ten opzichte van het eerste kwartaal van dit jaar toen een omzet van 2,87 miljard dollar werd behaald.
    
    De aluminiumleveringen stegen op kwartaalbasis met 2 procent en met 40 procent op jaarbasis.
    
    Outlook
    
    Alcoa verwacht een sterk derde kwartaal en boekjaar 2021 op basis van het aanhoudende economische herstel en de toegenomen vraag naar aluminium in alle eindmarkten. Het aluminiumsegment van het bedrijf voorspelt een groei met dubbele cijfers op jaarbasis van de verkoop van producten met toegevoegde waarde.
    
    Wel verwacht Alcoa aanhoudende inflatoire druk op grondstoffen en energie.
    
    Dit jaar verwacht het bedrijf tussen de 2,9 en 3,0 miljoen metrische ton aluminium te verschepen. Dat was na het eerste kwartaal nog 2,7 miljoen tot 2,8 miljoen metrische ton.
    
    Daarnaast mikt Alcoa op de levering van 50 miljoen tot 51 miljoen droge metrische tonnen bauxiet en 14,1 tot 14,2 miljoen metrische ton van alumina. In beide gevallen zijn dat lichte opwaartse bijstellingen ten opzichte van de eerdere outlook.
    
    Het aandeel Alcoa steeg donderdag in de nabeurshandel op Wall Street 1,0 procent. In de reguliere handel ging 1,7 procent verloren. 2.201 keer bekeken | 1 reacties
16. voda 16 juli 2021 08:03

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    SIAD Macchine Impianti ASU for Albametal Steel Mill in Albania
    
    Bergamo Italy based SIAD Macchine Impianti has been selected to supply an Air Separation Unit, to be installed in a steel mill in Elbasan in Albania. The customer wanted to increase the production of its electric arc furnace for casting and cutting steel and consequently required an oxygen supply which the existing plant was no longer able to provide. SIAD MI proposed replacing the old plant with a new ASU designed to meet the specific technical requirements of the metallurgical sector.
    
    The project, which started in the summer of 2020, will be completed during the next few months, with the delivery and installation of the new unit in 2022. Throughout the entire project duration, SIAD MI will provide the customer with the necessary technical and management assistance to optimally complete the project and integrate the new ASU into the metallurgical plant.
    
    Source - Strategic Research Institute
17. voda 16 juli 2021 08:03

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    Vanilla Steel Raises Funds to Build Secondary Market in Metals
    
    Berlin based marketplace for industrial materials Vanilla Steel has raised USD 4 million in seed funding led by June Fund and backed by existing investors such as Seedcamp and Mustard Seed Maze. With this new funding Vanilla Steel is going to recruit new talents to support growth, expand to new geographies and invest in new product functionalities. The steel sector is a USD 330 billionn market in EM ENA that is in high need of digital transformation. The COVID crisis has further accelerated the need for digital tools in this traditional industry.
    
    Launched in 2020, Vanilla Steel is building a secondary market for excess steel, material that is in overstock and has no direct customer attached to it. Vanilla Steel facilitates transactions, enables smart matchmaking, removes manual and tedious tasks with automation and saves time by reducing the negotiation period. Through weekly online auctions, steel suppliers can find the right buyers in a competitive bidding process. Vanilla Steel is already present in 50 countries with more than 100 steel suppliers who have listed 90.000 tons of steel during its first year of operation.
    
    Source - Strategic Research Institute
18. voda 16 juli 2021 08:04

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    Nucor to Reduce Greenhouse Gas Emissions Intensity of Steel Mills
    
    US steel maker Nucor Corporation announced comprehensive greenhouse gas emissions reduction strategies that will lower its GHG emissions intensity of steel mills to 77% less than today's global average. While we are already among the leading steel companies in our existing carbon footprint, Nucor is committed to an additional 35% combined reduction in the Scope 1 and Scope 2 GHG emissions intensity of its steel mills by 2030. This commitment will be measured against a 2015 baseline, the year the Paris Climate Agreement was adopted. Nucor will also continue to report and reduce its Scope 3 GHG emissions associated with raw materials. Beyond 2030, Nucor is committed to further reducing its GHG emissions to a goal of net zero emission steel at scale.
    
    Nucor is adopting a multi-pronged approach to reducing its steel mill GHG emissions. By actively supporting the development of new renewable energy sources, Nucor is helping to accelerate the transition of the domestic power grid to a more sustainable, lower carbon future. Last year, Nucor was the 7th largest corporate buyer of renewable energy in the United States. As part of this transition, Nucor will also implement new energy efficiency projects, pursue carbon capture and storage, and explore ways to further reduce the greenhouse gas emissions associated with its raw materials mix.
    
    Nucor also continues to invest in new recycled steel facilities that are essential to building out the infrastructure needed to assure the United States' clean energy future. Nucor's plate steel mill in Brandenburg, Kentucky, will be one of only a few mills in the world capable of supporting the offshore wind market's towers and foundations. The Company also recently announced a tube mill project in Kentucky that will supply galvanized solar torque tube to the nation's expanding solar energy markets. In addition, Nucor is investing to produce 3rd Generation Advanced High-Strength Steel products that will allow vehicles to meet stricter mileage standards and reduce their life cycle emissions. Until recently, AHSS products were only made by higher emissions blast furnaces. AHSS-intensive vehicles also have lower life cycle GHG emissions than aluminum-intensive vehicles for every class of vehicle tested.
    
    By producing 100% of its steel in recycled scrap-based EAFs, Nucor already produces steel with less than half the GHG emissions per ton when measured against the Paris Climate Agreement's most aggressive 2030 GHG intensity targets established by the Transition Pathways Initiativefor the steel sector. While the rest of the industry is setting targets to achieve the Below Two Degrees Scenario, Nucor is producing steel today that already exceeds those sector-based goals. At present, Nucor's GHG emissions are just 0.47 tons of CO2 per ton of steel. This compares to a global average of 1.69 and an integrated steelmaking average of 2.15. By 2030, Nucor's steel mill GHG emission intensity will be 0.38 tons of CO2 per ton of steel.
    
    Source - Strategic Research Institute
19. voda 16 juli 2021 08:06

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    H2 Green Steel Joins CEO Alliance for Climate Protection
    
    H2 Green Steel CEO Mr Henrik Henriksson recently joined CEO Alliance leaders’ meeting in Paris to discuss ways to further support the EU Green Deal. H2 Green Steel CEO Mr Henrik Henriksson said “We are honored to have been invited to be part of this prestigious group of companies, sharing a conviction to support the EU Green Deal. We strongly believe that fighting climate change will require a collective effort by all EU member states. Collaboration between the public sector and industry is essential. With our leading expertise in hydrogen and CO2 free steel production, we can bring the latest knowledge to the table, to further enable and accelerate the transition of heavy industry towards sustainable operations.”
    
    The European CEO Alliance believes that fighting climate change will require a collective effort by all EU member states and collaboration between the public sector and industry. Several cross-sector projects and policy recommendations will serve the global climate cause and foster sustainable growth and future-proof jobs. As one central instrument, Alliance members proposed a strong carbon price signal to achieve the EU’s climate targets. Carbon should have a price across the whole economy. The Alliance also called for continued enhancement of the EU’s Emissions Trading System (for power and heavy industry) and for the implementation of sector-specific cap-and-trade systems that would apply to mobility, transport and the buildings sector. Sector-specific systems could then converge beginning in 2030. Another proposal concerns a European carbon pricing system that would include measures to simultaneously achieve a social balance and emissions reduction.
    
    Decarbonizing mobility, transport and buildings will be the major challenges. For the transport and mobility sector, electric mobility for passenger cars, light vehicles and heavy duty vehicles has proven to be the most efficient technology in terms of energy consumption and emission reduction. To foster the entire ecosystem around electric mobility, members of the CEO Alliance have initiated cross-sectoral projects to ramp up battery production and create a charging infrastructure across Europe.
    
    The Alliance brings together 12 top executives from the energy, transport and technology industries, Mr Björn Rosengren of ABB, Mr Thierry Vanlancker of AkzoNobel, Mr Francesco Starace of ENEL, Mr Leonhard Birnbaum of E.ON, Mr Börje Ekholm of Ericsson, Mr Henrik Henriksson of H2GreenSteel, Mr Ignacio Galán of Iberdrola, Mr Frans van Houten of Philips, Mr Christian Klein of SAP, Mr Christian Levin of Scania, Mr Jean-Pascale Tricoire of Schneider Electric and Herbert Diess of Volkswagen. McKinsey & Company is serving as a knowledge contributor for the CEO Alliance and is providing additional research and data.
    
    Source - Strategic Research Institute

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20. voda 16 juli 2021 08:06

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    Chinese Steel Exports in Jan-Jun 2021 Surge by 30% YoY
    
    Despite Chinese government’s resolve to curb steel export in order to cool down mills' production, Chinese steel export surged in June 2020 to 6.46 million tonnes up 22.5% MoM & up 75% YoY due to strong demand during the price rally in April to mid-May and competitive offers from China comparing to other origins.
    
    China’s steel export amounted to 37.4 million tonnes in H1 of 2021, up 30.2% YoY, signalling that the total 2021 export volume is likely to exceed 65 million tonnes against 54 million tonnes in the 2020.
    
    Source - Strategic Research Institute