ArcelorMittal LU1598757687

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1. voda 7 september 2021 07:08

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   RINL Reports Steller Preformance in August 2021
   By Strategic Research Institute on Sep 07, 2021 09:29 am
   
   Rashtriya Ispat Nigam Limited has continued its stellar performance by achieving the best ever performance in August since its inception by producing 500KT of hot metal, 447KT of crude steel and 443KT of saleable steel. RINL has registered a growth of 53% in domestic sale of saleable steel volume, which stood at 348KT as against 227KT in corresponding period last fiscal. Similarly, exports have also registered a growth of 39% with the saleable steel stood at 151KT in August as against 109KT in August 2020.
   
   RINL has also recorded the best ever sales turnover of INR 2,612 crore in August, third best turnover for a month in a year.
   
   RINL has achieved the record production at a time when the central government is planning to disinvest its stake in the plant and VSP staff is on agitational path against its privatisation.
2. voda 7 september 2021 07:09

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   Korean Researcher Lightweight Stainless Steel by Adding Aluminium
   By Strategic Research Institute on Sep 07, 2021 09:27 am
   
   ANI reported that the South Korea’s Ministry of Science & ICT’s Korea Institute of Materials Science announced the results of Dr Lee Chang-hoon's team in the steel materials research lab were listed in TOP100 materials selected by Scientific Reports. Dr Lee's research team was recognized for developing the world's first lightweight stainless steel, which is about 20% lighter than existing stainless steel. In order to reduce the weight, the research team added 12% of aluminium while reducing the brittleness of steel by optimizing the number of alloy elements, such as carbon, manganese, and chromium. In particular, this material produces a thin oxide layer with chromium that enables it to withstand corrosion.
   
   Korea Institute of Materials Science said that this research can promote the development of steel technology by overcoming corrosion and weight, which are the main disadvantages of existing steel. Korea Institute of Materials Science Director Mr Lee Jung-hwan said "This achievement has set a new scientific and social example of steel technology. KIMS will make the effort to contribute to the development of steel technology."
   
   An international science journal 'Scientific Report' selects and publishes the most downloaded papers in each field as the TOP100 list every year.
3. voda 7 september 2021 07:10

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   Labour Department Orders Production Stoppage at Coega Steel in SA
   By Strategic Research Institute on Sep 07, 2021 09:25 am
   
   South Africa’s Department of Employment and Labour has placed a prohibition notice on Coega Steel, following a furnace explosion that it failed to report. After finding that Coega Steel had not complied with health and safety regulations, the DEL's inspectors gave the company a prohibition notice, ordering it to halt production at its furnace department where the explosion had happened. Department of Employment and Labour said "The life threatening incident, which left employees traumatised, revealed that a total of five employees were injured on the day. All these employees sustained multiple burns all over their bodies from face, neck, chest, head, hands and ankles due to the explosion.”
   
   Apart from failing to report the incident and starting operations immediately after it happened, Coega Steel had not taken steps to ensure that there is no re-occurrence of a similar explosion.
   
   The prohibition notice follows an anonymous tip-off, which included pictures of a Ceoga Steel employee with burns on their hands and face. The incident allegedly happened on 22 August, during a night shift.
   
   India’s Agni Steel’s unit Coega Steels (Pty) Ltd is located in Coega industrial development zone in Eastern Cape in South Africa.
4. voda 7 september 2021 07:10

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   Liberty Galati Targeting 3 Million Tonnes Production in 2021
   By Strategic Research Institute on Sep 07, 2021 09:21 am
   
   Mr Sanjeev Gupta’s GFG Alliances Romanian steel mill Liberty Galati, formerly known as Sidex Galati, is targeting a production of 3 million tonnes of steel in 2021, 50% more compared to the output of about 2 million tonnes of steel in 2020. A company official told Ziarul Financiar daily "Production and deliveries have increased in both quarters of the year, and we are currently targeting an annualized production of 3 million tonnes, up from around 2 million tonnes in recent years. These excellent results were achieved due to the efforts of the local team, the support from Liberty Steel and the very favourable market conditions.”
   
   LIBERTY Galati last month reported a very strong set of results for the second quarter of 2021 with EBITDA up more than 60% on the last quarter, best result since 2008. It had said “The business is currently in the process of increasing its production towards 3 million tonnes for the year, from around 2 million in 2020, and achieving shipments of around 566 KT in Q2, 7% more than in the first quarter.”
5. voda 7 september 2021 07:10

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   JSW Steels Starts Steel Exports from New Mangalore Port
   By Strategic Research Institute on Sep 07, 2021 09:15 am
   
   The New Mangalore Port in Karnataka handled for the first time steel export cargo from JSW Steels destined to Egypt, Italy and Spain last week. MV Minion Grace arrived at the port on August 29 to load 22,825 tonnes of steel cargo, including HR/CR coils, slabs, billets & TMT etc from JSW Steels. Upon completion of the loading operations on the vessel that has a GRT of 33,044 tonnes and DWT of 57,000 tonnes, the ship, which was stationed at Berth No 3, sailed out on 3 September.
   
   While Hiralal of Mangaluru were the Steamer, Delta was the Stevedoring & shore handling agents for the vessel.
6. voda 7 september 2021 07:11

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   SAIL RSP bags GreenTech Energy Conservation Award
   By Strategic Research Institute on Sep 07, 2021 09:11 am
   
   Steel Authority of India Limited’s Rourkela Steel Plant has bagged the prestigious GreenTech Energy Conservation Award- 2021 in the Platinum category. Rourkela Steel Plant was awarded for its outstanding contribution towards achieving the highest Blast Furnace Gas yield since inception, increased power generation from Power Blowing Station and minimisation of low uncontrol BF Gas pressure to Coke Ovens Battery 6. To achieve this, the EMD team had studied the entire system and conducted a pressure sunTev of the BF Gas line to Battery 6 with respect to BF grid pressure in the modernization zone.
   
   Along with the Instrumentation Department, the EMD team redesigned and replaced the orifice with the help of Coke Ovens. Working with the Blast Furnace Department, the EMD team had also increased the BF 5 flare stack PVC set point from 800 mili metre of water column to 900 mili metre of water column. As a result, the BF gas yield increased to 1685Nm3/ Ton of Hot Metal in July 2020 which was the all-time best since inception.
7. voda 7 september 2021 07:11

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   GMS Market Commentary on Ship Breaking in Week 35
   By Strategic Research Institute on Sep 07, 2021 09:08 am
   
   World's leading cash buyer of ships for recycling GMS said that “Far from being the traditionally quieter summer / monsoon months, July and August have passed with marginally weaker, albeit still record numbers above USD 600/Ton and deals still being concluded, particularly in the beleaguered tanker and offshore sectors. There has been a minimal supply of tonnage from dry bulk and container owners, with the so-called ‘super cycle’ for both sectors still in full swing. Shipowners have been looking to cash in on their ‘older’ & ‘survey-due’ inventory, and in many cases, recycling prices have actually been surpassing secondhand levels in recent times, making the decision to scrap, relatively easy. There had been a slight wobble in the Bangladeshi market, with a USD 30/LDT correction in steel prices. Nevertheless, rates remain firm going into the final month of Q3 and there is plenty of capacity at sub-continent yards as hungry Recyclers look to take tonnage amidst the recent slowdown in supply.”
   
   GMS said “Vaccines continue their rollout at pace across the sub-continent and many are hoping that the worst of Covid-19 has now passed, having seen horrific caseloads and fatalities earlier in the year. Moreover, the spread of the even more contagious Delta variant is keeping concerns elevated, as most countries still have restrictions on incoming Indian crew or even sending their international crew to India and face possible delays during repatriation.”
   
   GMS concluded “Overall, prospects for the industry moving forward do remain stable to positive, as steel plate prices are the key driver for much of the bullishness, with China recently having announced that they will no longer export steel to the sub-continent markets.”
   
   GMS Pricing
   
   India/Bangladesh/Pakistan – Week 35, CONSOLIDATING!
   
   Dry Bulk – USD 560-590 per LDT
   
   Tankers - USD 570-600 per LDT
   
   Containers - USD 580-610 per LDT
8. voda 7 september 2021 07:12

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   AIC Upgrades Reheating Furnace Automation at Gerdau Divinopolis
   By Strategic Research Institute on Sep 07, 2021 09:05 am
   
   Automazioni Industriali Capitanio Sri will complete a modernization in the reheating furnace of Gerdau’s Divinopolis site in Brazil with a two new PLC ABB AC800M panel solution at the medium bar rolling mill. The furnace will maintain excellent temperature uniformity and will facilitate system maintenance thanks to two different PLC applications, one for controlling the movement and another to control the combustion.
   
   The new contract aims to mitigate any risks and improve safety level of our customer. The main part of the supply includes:
   
   ? Two AC800-PM866 CPUs with the respective I/O cards to replace current PLCs
   
   ? A new HMI based on WinCC with a panel based on Siemens TP1200 Comfort
   
   ? Software licenses, automation system, HMI equipment and trainings
   
   The entire system and HMI will be completely new, but implementing all functions existing ones. The entrire project will be developed by AIC South America subsidiary in Sao Paulo in Brazil. Moreover, the existing network architecture might be also developed by AIC team for future improvements.
9. voda 7 september 2021 07:12

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   Laing O’Rourker Awards Everton Stadium Steel Package to Severfield
   By Strategic Research Institute on Sep 07, 2021 09:02 am
   
   North Yorkshire based structural steel specialist in the UK Severfield plc has has been awarded the steel package tender for the new Everton’s Bramley Moore stadium. The enabling works were earlier started in July by the main contractor Laing O’Rourker for the GBP 500 millio stadium. The new Everton’s Bramley-Moore stadium has been designed by MEIS architects and engineers BuroHappold. Among other transformations, the stadium’s height has been lowered so that it is defined as a mid-rise building, in a plan to address heritage concerns.The new Everton’s Bramley-Moore stadium’s development director Colin Chong also previously stated the new stadium has been designed to withstand floods for the next 100 years.
   
   Severfield said: “The UK and Europe order book at 1 September includes a significant amount of new work which we have secured over recent months and now stands at a new record level of GBP 376 milion, of which GBP 291 million is for delivery over the next 12 months. This leaves the Group very well-positioned with a strong future workload for the remainder of the 2022 financial year and beyond. The growth in the order book has been driven by several significant project wins including the new stadium for Everton FC, two large and various smaller distribution facilities in the UK, reflecting a sector which continues to remain buoyant, new HS2 bridge packages and other bridge awards reflecting investment in infrastructure by Highways England and Network Rail.”
10. voda 7 september 2021 07:13

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    Metallic Glass Coated Gears Making Cobots a Reality
    By Strategic Research Institute on Sep 07, 2021 09:00 am
    
    For all the space that robots have occupied in the popular imagination, the number of real world automatons remains limited due to cost and safety. In the mid 1990s, two Northwestern University professors patented an alternative concept under a new term cobots, collaborative robots, smaller, smarter, more responsive with tighter self-control and better manners all around. In the years since, leaps in artificial intelligence and sensors have made these friendlier robots a reality, but cost still prevents their widespread adoption. A strain wave gear converts the fast, low-torque rotation of an engine into slow, precise, forceful motion. As the oblong wave generator at the center spins, it deforms the flexspline around it, which engages with the teeth of a fixed outer spline. The interaction causes the flexspline to rotate in the opposite direction of the wave generator, moving only two teeth for each turn of the motor. The biggest cost drivers are gears.
    
    Now, Pasadena California based Amorphology hopes to drop the price of cobots with advances originally made for NASA’s planetary rovers. Gears on NASA’s rovers, like most gears on Earth, are made of steel, which is both strong and wear resistant. But steel gears need liquid lubrication and oils don’t work well in frigid environments like the lunar or Martian surface. So, NASA’s Curiosity rover spends about three hours warming up lubricants every time it prepares to start rolling, using energy that could be used otherwise. With an eye toward solving this and other materials-related issues, Jet Propulsion Laboratory hired Mr Douglas Hofmann in 2010, then a research scientist at Caltech with a background in materials science and engineering. NASA funded a new metallurgy facility at Jet Propulsion Laboratory to explore alternatives for gears and develop new metal alloys.
    
    Most metallic glass alloys form a hard, smooth surface. This gives metallic glass gears a long lifetime without the need for liquid lubricants. An emerging class of specially engineered materials called bulk metallic glass, also known as amorphous metals, are rapidly cooled from liquid to solid before their atoms form the crystalline lattice structure that is common to all other metals. Instead, the atoms are randomly arranged like those of glass, giving the materials properties of both glass and metal. Depending on their constituent elements, often including zirconium, titanium, and copper, they can be very strong, and because they aren’t crystalline, they’re elastic. Most compositions also form a hard, smooth ceramic oxide surface
    
    Currently, the Cold Operable Lunar Deployable Arm COLDArm, a collaborative effort between Jet Propulsion Laboratory and the company Motiv Space Systems for lunar missions, is expected to use bulk metallic glass gears to operate in temperatures down to minus 290 degrees Fahrenheit without the need for a heating source.
    
    But amorphous metals alloys are designed to have low melting temperatures, because to make a metallic glass you have to cool the alloy faster than it can crystallize. This low melting point, together with their native strength and the fact that their volume hardly changes upon solidifying, makes bulk metallic glasses easy to use in injection molding, which can dramatically reduce the cost of making parts like gears.
    
    Most high-strength metals have high melting points. They can’t be cast with molds because, in molten form they would simply melt the mold. And steel needs to be rolled or forged to strengthen it, which also precludes molding. So, gears typically start as steel billets that are machined into their final shape. Tiny gears, like those for small cobots, are especially challenging and costly. Flexsplines are thin, flexible, cup-shaped gears integral to strain wave gears common in robotics. They’re typically cut, ground, and drilled from steel billets in a process that is long and costly. The flexspline on the right was injection molded from metallic glass in a cheaper, simpler process. The most difficult, expensive gear component to machine from a steel block is one of the most common in robotic arms: the flexspline, an extremely thin-walled, flexible cup with a toothed rim. This is the centerpiece of what’s known as a strain wave gear assembly, which offers better precision, higher torque, and lower backlash than other gear sets. This eliminates positioning errors that would be compounded in a robotic limb with multiple joints.
    
    This is where molding with amorphous metals promises the greatest savings: it costs about half as much as machining strain wave gears from steel. Molding small, high-performance planetary and strain wave gears became the central business plan for Amorphology.
11. voda 7 september 2021 09:36

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    Continued Surge in Coking Coal Prices Keeping Steel Making Costs Up
    
    While steel makers globally are riding Super Cycle in steel prices, two most important steel making ingredients have been extremely volatile albeit in opposite directions impacting their cost of steel making. Benchmark 62% Australian ore prices have crashed by 16% in first 7 days of September to USD 132 CFR China, prime hard coking coal prices have surged by 18% to USD 275 FOB Australia. While, the actual cost component of iron ore & coking coal varies to a great extant for steel mills in different countries, the raw material cost component for pure pay steel mills importing iron ore & coking coal has spiraled up by about USD 200 per tonne since May 2020 as Chinese post COVID recovery propelled iron ore & coking coal price up. Even though, the unprecedented realizations due to all time high steel prices have more than absorbed increase in steel making cost, the continued surge in coking coal prices is starting to worry steel mills as the steel prices in many regions, except in US, have stabilized or corrected slightly influenced by a host of factors including Chinese curbs on property, resurgence of COVID spread in many countries and reduction in automobile production due to semiconductor shortages.
    
    
    1. In recent days, China jacked up mortgage rates in a major city, vowed to accelerate the development of government subsidized rental housing, and moved to increase scrutiny on everything from financing of developers and newly listed home prices to title transfers. While China has spent years trying to cool property prices, analysts say this round of crackdowns will be different. One clear signal came in Vice Premier Han’s comments on steering away from using real estate to provide short-term boosts for the economy.
    
    2. Global car manufacturers are struggling to deal with the impact of the global chip shortage and it’s hard to tell when the complex issue will be resolved but estimates are that the chip shortage could continue through to 2024. The shortage is thought to have been exacerbated by the move to electric vehicles, which typically uses 10 times more chips than conventional vehicles.
    
    Source - Strategic Research Institute
    

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12. voda 7 september 2021 09:39

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    Beursblik: Citi verhoogt koersdoel ArcelorMittal
    Naar 50,00 euro.
    
    (ABM FN-Dow Jones) Citi Research heeft het koersdoel voor het aandeel ArcelorMittal verhoogd van 45,00 naar 50,00 euro met handhaving van het koopadvies. Dit bleek dinsdag uit een rapport van het analistenteam van de Amerikaanse bank.
    
    De analisten stelden dat de piek van de staalprijzen in beeld komt, waarbij een correctie ervan een goed moment voor beleggers met een langetermijnvisie om de blik te richten op andere parameters, zoals bijvoorbeeld de bestemming van overtollig kapitaal te danken aan de enorme kasstroom die de staalreus genereert, in de vorm van de inkoop van eigen aandelen.
    
    Citi Research sluit niet uit dat de koers van het aandeel al in 2023 rond 100 euro noteert, en op zijn laatst in 2027.
    
    Voor de raming van de EBITDA gaat Citi uit van het het gemiddelde van de afgelopen twintig jaar, ook al bevindt de de sector zich in zijn beste doen gedurende die periode. Citi gaat voor 2023 en daarna uit van een EBITDA van 9 miljard dollar.
    
    Het aandeel ArcelorMittal noteerde dinsdag op een vlak Damrak 2,1 procent hoger op 29,10 euro.
    
    Door: ABM Financial News.
    
    info@abmfn.nl
    
    Redactie: +31(0)20 26 28 999
13. voda 7 september 2021 13:42

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    Update: Aperam positief gestemd over toekomstige winstgevendheid
    Ongeveer 300 miljoen euro aangepaste EBITDA erbij in 2025.
    
    (ABM FN-Dow Jones) Aperam voorziet dat de resultaten in de komende jaren verder zullen stijgen. Dit bleek uit de presentatie de producent van roestvast staal dinsdag aan beleggers gaf.
    
    Aperam denkt dat de aangepaste EBITDA in 2025 ongeveer 300 miljoen euro hoger uitkomt dan tussen 2016 en 2018.
    
    "2021 is een piekjaar, maar het toekomstige normaal zit dichter bij 2021 dan bij 2016 tot en met 2018", meldde Aperam tijdens de prestatie.
    
    Dit jaar is er volgens Aperam sprake van een normale vraag in Europa en Brazilië. Ook was er een prijsherstel in de eerste jaarhelft, en rekent de fabrikant op hogere prijzen in de tweede helft. Ook worden er boekwinsten behaald.
    
    Beleggers reageren positief op het nieuws. Het aandeel, dat de hele dag al de wind in de rug heeft, noteert inmiddels 5,6 procent hoger op 53,42 euro.
    
    Aperam stelde zichzelf tijdens de presentatie de vraag waarom iemand in het bedrijf zou moeten investeren. Onder meer omwille van de plannen, het bewezen track record, de focus op de balans en de beloning van de aandeelhouder en producten die ook in de toekomst nodig zijn.
    
    Aperam zal overtollige cash blijven uitkeren aan aandeelhouders, zei het dinsdag, en het dividend zal progressief stijgen.
    
    Update: om meer informatie toe te voegen.
    
    Door: ABM Financial News.
    
    info@abmfn.nl
    
    Redactie: +31(0)20 26 28 999
14. voda 7 september 2021 15:42

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    Beursblik: Aperam positief gestemd
    Jefferies rekent op EBITDA van ruim 800 miljoen euro in 2025.
    
    (ABM FN-Dow Jones) De winstgevendheid van Aperam zal in 2025 dichter bij het niveau van piekjaar 2021 liggen dan het gemiddelde tussen 2016 en 2018. Dit concludeerden analisten van Jefferies na afloop van de beleggersdag van de fabrikant van roestvast staal.
    
    Aperam denkt dat de aangepaste EBITDA in 2025 ongeveer 300 miljoen euro hoger uitkomt dan tussen 2016 en 2018.
    
    "2021 is een piekjaar, maar het toekomstige normaal zit dichter bij 2021 dan bij 2016 tot en met 2018", meldde Aperam tijdens de prestatie.
    
    Volgens Jefferies zal de aangepaste EBITDA dit jaar rond de 901 miljoen euro uitkomen. Tussen 2016 en 2018 was dit gemiddeld 507 miljoen euro.
    
    De door Aperam genoemde 300 miljoen euro is inclusief de 150 miljoen euro die de vierde fase van de Leadership Journey zal opleveren, aldus Jefferies. De divisie Alloys & Specialties zal 40 miljoen euro bijdragen.
    
    De zakenbank heeft een Houden advies op Aperam met een koersdoel van 54,00 euro. Het aandeel steeg dinsdagmiddag 5,7 procent naar 53,50 euro.
    
    Door: ABM Financial News.
    
    info@abmfn.nl
    
    Redactie: +31(0)20 26 28 999
15. voda 8 september 2021 07:26

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    AMNS India Sees Demand Recovery Supporting Steel Prices in India
    By Strategic Research Institute on Sep 08, 2021 09:35 am
    
    AM/NS India’s Chief Marketing Officer Mr Ranjan Dhar in an exclusive interview with Mr Surya Sarathi Ray of Financial Express has opined that “Historically, Indian prices have followed import price parity. However, for the past several months, Indian prices are at a considerable discount compared to international prices. Domestic prices will be supported by several factors in the coming months: firstly, the domestic steel prices are at a huge discount as compared to global prices. Secondly, improving domestic demand, which we’re already seeing for the past couple of weeks; and thirdly, greater demand and supply balance, primarily created by expected production cuts by China in the second half.”
    
    He also said “After a dent in demand during the second wave that hit in May and July; we are witnessing a good broad-based demand recovery since August, particularly from the auto, white goods and infrastructure sectors. Though, the impact of the second wave on the industry was not as severe as the first one because we all are well-prepared in terms of production, logistics, sales, and more importantly health and safety of stakeholders to effectively tackle the situation.”
16. voda 8 september 2021 07:27

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    German Government to Part Fund ArcelorMittal’s Hydrogen DRI Plant
    By Strategic Research Institute on Sep 08, 2021 09:33 am
    
    During a visit to ArcelorMittal Germany’s steel plant in Hamburg, Federal Environment Minister Svenja Schulze pledged the Federal Government’s support for the construction of Germany’s first industrial scale hydrogen-based direct reduced iron plant. The Federal Government has expressed its intention to provide EUR 55 million of funding support towards the construction of the plant, which is half of the EUR 110 million capital expenditures required. The next step is for the European Commission to approve the Federal Government's intention to provide funding before the installation of the new plant can begin. Production is scheduled to start in 2025.
    
    This demonstrator plant, which will use hydrogen exclusively as the chemical agent to reduce iron ore into DRI, is intended to lay the foundation for a steelmaking process that means steel can be produced with zero carbon-emissions, using electric arc furnaces fed with hydrogen reduced DRI and scrap metal, powered by renewable electricity. In a transition phase, the process of reducing iron ore with hydrogen will first be demonstrated using hydrogen generated by the separation of waste gas from the Hamburg plant. Once available in sufficient volumes and at an affordable price, green hydrogen, made from the electrolysis of water using renewable energy, will be used.
    
    The plant is an important component of ArcelorMittal Germany’s Steel4Future strategy, which involves the conversion of its four German plants, in Hamburg, Bremen, Duisburg and Eisenhüttenstadt, to zero carbon-emissions steel production in the coming years. By 2030, ArcelorMittal plans to produce more than one million tonnes of zero carbon-emissions steel a year in the Hamburg plant alone, thereby saving around 800,000 tonnes of CO2 emissions annually.
    
    Scope 1 emissions are direct emissions that result from activities within an organisation’s control. Scope 2 refers to indirect emissions from energy purchased by the organisation, for its own use.
17. voda 8 september 2021 07:28

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    UK’s TRA to Review Decision Terminate Steel Tariffson 9 Categories
    By Strategic Research Institute on Sep 08, 2021 09:31 am
    
    UK’s Trade Remedies Authority said that it will reconsider its recommendations over scrapping tariffs on some steel imports after it has received eight submissions from five domestic steel producers and three importers asking for it to review its initial assessment. The producers said that the TRA should have extended protections to more categories of steel products, while the importers wanted more protections to be scrapped.
    
    UK Steel Director General Mr Gareth Stace said “The steel sector welcomes the announcement of the TRA’s formal reconsideration of its original decision to terminate steel safeguards on half of steel products. Such a termination would leave the sector exposed to uncontrolled surges in imports and undermine the effectiveness of the remaining safeguards, threatening the long-term viability the UK’s steel sector. There are strong legal, WTO compliant, grounds for the maintenance of these measures for the full three-year term. Moreover, at a time when the EU and US have maintained their own protections on all steel products, and UK’s steel producers face obstacles to exporting into these markets, it is the only sensible course of action to maintain equal measures for our own producers.”
    
    Trade body UK Steel warned in June 2021 that such a decision would be a hammer blow for a sector which has been struggling for years and with both the US and EU keeping strict tariffs in place, UK could become a dumping ground for cheaper steel.
    
    Back in June the TRA triggered mass outrage from the steel industry when it said that tariffs should be scrapped across nine of 19 product categories. The recommendation was accepted by the Secretary of State for International Trade, who also provided for a 12-month extension of the current protections for five of the nine product categories set to be given the axe.
18. voda 8 september 2021 07:29

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    SSAB to Deliver Fossil Free Steel to Cargotec
    By Strategic Research Institute on Sep 08, 2021 09:26 am
    
    Swedish steel maker and prime mover in the area of green steel SSAB is to deliver fossil-free steel to leading provider of cargo and load handling solutions Cargotec. Cargotec plans to use the fossil-free steel in their cargo handling equipment. SSAB and Cargotec have agreed to work together on the introduction of fossil-free steel to the cargo handling industry. The companies will start coordinated development toward the use of SSAB’s fossil-free steel in Cargotec’s cargo handling equipment. This is a strategic partnership for the benefit of both parties and end users. It represents a significant milestone in moving toward a sustainable development and a fossil-free product offering.
    
    This is the fifth announcement by SSAB for development & supply of green steel in recent times
    
    April - Volvo Plans to Produce Trucks Made from Hydrogen Steel from SSAB
    
    June - Volvo Cars to Explore Using Fossil Free Steel with SSAB
    
    September - SSAB to Deliver Fossil Free Steel to Mercedes-Ben
    
    September - SSAB to Supply Fossil Free Steel to Faurecia for Automotive Seats
    
    In 2026, SSAB plans to supply the market with fossil-free steel at a commercial scale after a conversion of its Oxelosund blast furnaces into an electric arc furnace and by using HYBRIT technology, which replaces coking coal traditionally needed for iron ore-based steelmaking, with fossil-free electricity and hydrogen. This process virtually eliminates carbon dioxide-emissions in steel production.
    
    SSAB, LKAB and Vattenfall created HYBRIT, Hydrogen Breakthrough Ironmaking Technology, in 2016, with the aim of developing a technology for fossil-free iron- and steelmaking. In July, SSAB Oxelosund rolled the first fossil-free steel produced using HYBRIT technology, i.e., reduced by 100% fossil-free hydrogen instead of coal and coke, with good results.
19. voda 8 september 2021 07:30

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    JSW Steel Reports 5% YoY Growth in Crude Steel Production in Aug
    By Strategic Research Institute on Sep 08, 2021 09:22 am
    
    JSW Steel reported the crude steel production for the month of August, 2021 was at 1.377 million tonnes on standalone basis, up 5% YoY. The average capacity utilisation for the month was 92%. Production of rolled flat products was lower due to planned shutdown taken for one of the converters at Vijayanagar Works.
    
    Flat Products: 8.99 million tonne, down 8% YoY
    
    Long Products: 3.01 million tonne, up 30% YoY
20. voda 8 september 2021 07:30

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    Lhoist to Supply Climate Neutral Lime Stone to Thyssenkrupp Steel
    By Strategic Research Institute on Sep 08, 2021 09:19 am
    
    Thyssenkrupp Steel and Lhoist Germany are moving into the future together: Germany’s biggest steel producer will in future use the climate neutral product line LEVEL|BLUE of global lime producer Lhoist for decarbonizing the supply chain on its way towards sustainable steel production. Thyssenkrupp Steel’s Head of Procurement & Supply Management Dr Jens Geimer said “We are right in the middle of the transformation to climate-neutral steel production. Our approach here is comprehensive: Aside from decarbonizing our own units, we also want to make our supply chains gradually climate-neutral by 2050. To this end, we are closely working with our suppliers. We are pleased that we have found Lhoist as a partner in the lime sector to support us in achieving this goal.”
    
    Lhoist Germany and thyssenkrupp Steel have a long-standing supplier relationship. The two companies have been systematically forging ahead with CO2 reduction projects for many years now.
    
    In steelmaking, lime products are used to remove undesirable elements from the hot metal and promote the formation of slag.
    
    Lhoist Germany is the German subsidiary of Lhoist Group, a global lime and limestone producer headquartered in Belgium. Rheinkalk GmbH, with its 12 sites and 1,200 employees in Germany, has belonged to Lhoist Germany since 1999.