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1. voda 9 september 2021 07:32

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   Ryerson Acquires Specialty Metals Processing in Ohio
   By Strategic Research Institute on Sep 09, 2021 09:09 am
   
   Leading US processor and distributor of industrial metals Ryerson Holding Corporation has acquired Specialty Metals Processing, a toll processor located in Stow in Ohio in US. Specialty Metals Processing processes stainless steel, aluminum, titanium and nickel alloy products in a variety of industries including aerospace. Specialty Metals Processing's expertise in buffing, grinding and polishing finishes adds to Ryerson's value-added processing capabilities to provide better customer experiences.
   
   Ryerson is a leading value-added processor and distributor of industrial metals, with operations in the United States, Canada, Mexico, and China. Founded in 1842, Ryerson has around 3,900 employees in approximately 100 locations.
2. voda 9 september 2021 07:32

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   Hoa Phat Maintains Crude Steel Output in August amid COVID Spread
   By Strategic Research Institute on Sep 09, 2021 09:06 am
   
   Vietnamese steel maker Hoa Phat Group has achieved a crude steel output of 681,000 tonnes in August 2021, representing 40% YoY increase. Despite strict measures to prevent the COVID-19 pandemic, Hoa Phat's factories and steel production complexes in Hung Yen, Hai Duong, and Quang Ngai provinces have still maintained continuous operations to ensure abundant steel supply for the market. Blast furnaces at Hoa Phat Dung Quat Steel Integrated Complex are increasingly stable, making the largest contribution to its overall output.
   
   Its steel sales reached 690,000 tonnes in August. Sales of construction steel were reduced by 17% from the same period last year to 268,000 tonnes as many localities such as Hanoi, Ho Chi Minh City and southern provinces have increased social distancing
   
   In the first 8 months of 2021, Hoa Phat Group achieved crude steel output of 5.4 million tonnes, up 56% YoY over the same period last year. Sales of finished steel products reached 5.6 million tonnes, up 47% YoY over the same period last year. In which, construction steel was nearly 2.5 million tonnes, posting 16% YoY increase. Hoa Phat’s steel pipe products recorded 458,000 tonnes, equal to 92% of the corresponding period last year. In the first 8 months of the year, Hoa Phat’s steel sheet reached nearly 218,000 tonnes, 2.4 times higher than the same period in 2020.
   
   Hoa Phat's total crude steel capacity is currently 8 million tonnes a year, of which construction steel is 5 million tonnes, hot-rolled coil 3 million tonnes year.
3. voda 9 september 2021 07:32

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   Sports Ground Inaugurated at ISWP in Jamshedpur
   By Strategic Research Institute on Sep 09, 2021 09:04 am
   
   Avenue Mail reported that Tata Steel’s Jamshedpur based subsidiary Indian Steel & Wire Products Ltd has inaugurated a sports ground. The new Sports Ground has international facilities for archery as well as basketball. Further mini football ground and cricket pitch will be provided in the ground. ISWP MD Mr Neeraj Kant while thanking the Tata Steel for its support mentioned that some major work has been done by ISWP in the eastern part of Jamshedpur. He mentioned about the extensive sewage system and boundary walls constructed in the ISWP township. The three ponds in the ISWP area have been de-watered, cleaned and refilled with water after almost 80 years. The Naval Tata Hockey Academy established within the premises of ISWP is a matter of pride. This Hockey Academy is of international standards. Neeraj Kant also spoke about the business expansion of ISWP particularly the Graphene project which was recently inaugurated by Ratan Tata and Group Chairman N Chandrasekaran.
   
   It may be mentioned that ISWP has done excellent work at grassroot levels and trained girl archers like Kamolika Bari, Laxmi Hembram and Saniya Sharma who have gone to win international championships. Tata Steel is supporting ISWP in this endeavour through providing infrastructure, equipment etc.
   
   Established in 1920, the Indian Steel and Wire Products Limited became the first wire drawing company of the country. Nestled amidst the verdant surroundings of India’s first industrial city, Jamshedpur, the company gradually spread roots and is now a primary manufacturer of wire rods, TMT rebars, wires, welding products, nails, rolls and castings.
4. voda 9 september 2021 07:33

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   Schnitzer Steel Selects PowerFlex for Battery Storage System
   By Strategic Research Institute on Sep 09, 2021 09:02 am
   
   EDF Renewables Company’s PowerFlex was recently selected by Schnitzer Steel Industries Inc to design, build, and operate a 1,600 kilowatt (kW)/5,567 kilowatt-hour (kWh) Battery Energy Storage System at its Oakland California facility to lower operational electricity costs by leveraging best practices in energy demand management. The battery will charge during periods of the day when electricity demand on the grid is lowest and renewable energy generating assets are actively powering the grid, thereby using the cleanest available grid power supplied by East Bay Community Energy, the local Community Choice Energy provider. And likewise, the BESS will discharge during periods of high onsite consumption when less renewable energy is available on the grid. This shifting both eases the strain on the grid and mitigates spikes in energy usage thereby lowering utility demand charges for the Schnitzer facility.
   
   The battery storage project will operate under a no-capital cost, shared savings agreement - a performance-based contract whereby PowerFlex is only paid based on the actual utility bill savings realized by Schnitzer as a result of the battery operation. Schnitzer has no fixed payments and bears no performance risk on the operation of the system.
   
   The battery leverages EDF’s Energy Management System using real-time data to allow for improvements in energy consumption management along with advanced forecasting tools to charge and discharge in a fashion which reduces the peak levels of consumption thereby reducing overall peak demand kW and cost. Schnitzer’s Oakland facility processes and recycles ferrous and nonferrous metals, creating both substantial and variable demand for electricity.
   
   The project is expected to leverage Pacific Gas & Electric’s “Option-S” pilot program, a rate tariff specifically designed to increase the adoption of energy storage and facilitate the shift of solar energy to the evening period. This model aims to mitigate California’s “Duck Curve,” a shape driven by mass adoption of solar energy and the resulting peak demand once the sun begins to set.
   
   Schnitzer Steel Industries Inc is one of the largest manufacturers and exporters of recycled metal products in North America with operating facilities located in 23 states, Puerto Rico, and Western Canada. The Company’s steel manufacturing operations produce finished steel products, including rebar, wire rod and other specialty products. The Company began operations in 1906 in Portland, Oregon.
   
   
5. voda 9 september 2021 07:35

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   Commercial Metals Company Appoints Mr McCullough to Board
   By Strategic Research Institute on Sep 09, 2021 08:58 am
   
   US steel maker Commercial Metals Company announced that it has named Mr Gary E McCullough to the Board of Directors, effective October 12, 2021. McCullough's appointment will bring the total number of directors to 10, nine of whom are independent. He will serve on the Compensation and Finance Committees. Mr McCullough's impressive business career has spanned more than 30 years. He currently sits on TransDigm Group Incorporated's Board of Directors and serves as an investor in and advisor to several private entities. He previously served as Chief Executive Officer of ARI Packaging Inc. Prior to that, he was President and Chief Executive Officer of Career Education Corporation, where he also served on the Board of Directors. In addition, he has held senior roles at Abbott Laboratories, Wm Wrigley Jr Company and The Procter & Gamble Company.
   
   Mr McCullough served as an Infantry Officer in the US Army for 5 years, beginning as a Second Lieutenant and rising to the rank of Captain.
   
   Mr McCullough received his Bachelor of Science degree in Business from Wright State University and a Master's in Business Administration from Northwestern University's J.L. Kellogg Graduate School of Management. He was named by Black Enterprise magazine as one of the "100 Most Powerful Executives in Corporate America" in both 2005 and 2009.
   
   Commercial Metals Company and its subsidiaries manufacture, recycle and fabricate steel and metal products, related materials and services through a network of facilities that includes seven electric arc furnace mini mills, two EAF micro mills, a rerolling mill, steel fabrication and processing plants, construction-related product warehouses, and metal recycling facilities in the US and Poland.
6. voda 9 september 2021 07:35

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   Gonvarri Solar Steel Smart Trackers for Naturgy Projects in Spain
   By Strategic Research Institute on Sep 09, 2021 08:56 am
   
   Gonvarri Solar Steel has been awarded several projects with naturgy to supply and install 144MW of its TracSmarT+ lV single-row and dual-row trackers at the PV plants located in Tabernas in Fllmeria 100MW, Canredondo in Guadalajara 22MW and Castuera in Badajoz 22MW. The installation activities to carry out by Gonvarri Solar Steel, consisting of 250,000 modules and 2,400 TracSmarT+ IV with 2 strings of modules per row, will entail the generation of 100 to 120 direct and indirect jobs. The agreement reached between Gonvarri Solar Steel and naturgy will generate enough electricity to supply nearly 80,000 households in these three regions.
   
   Gonvorri Solar Steel, division of Gonvorri Industries, is devoted to the design and manufacture of solar trackers and fixed structures for the PV energy sector, with over 12GW supplied worldwide.
7. voda 9 september 2021 07:36

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   MX3D 3D Prints Stainless Steel Floor for Lunar Habitats Village
   By Strategic Research Institute on Sep 09, 2021 08:53 am
   
   Multiple space agencies and commercial space entities will be taking us back to the Moon, with goal of establishing the necessary infrastructure to keep going back. In particular, NASA, the ESA, Roscosmos, and China are all planning on establishing outposts that will allow for scientific research and a sustained human presence. The ESA is currently showcasing what its outpost will look like at the 17th annual Architecture Exhibition at the La Biennale di Venezia museum in Venice. It’s known as the International Moon Village, which was designed by the architecture firm Skidmore, Owings & Merrill with technical support from the ESA. This same company recently unveiled a prototype of the skeletal metal component that will one day be part of the Village’s lunar habitats. The component was built by MX3D, an Amersterdam-based 3D printing architecture and design firm specializing in Wire Arc Additive Manufacturing. This process involves fusing metal wires with lasers to create lightweight metal objects with high structural strength.
   
   Designed to meet efficiency, use, and construction constraints, the structure’s smooth web pattern design emerged from delineating stress map analysis and optimising a continuous topology to reduce mass and make maximum use of 3D printing manufacturing methods. The skeletal, smooth web pattern will be part of the flooring for each habitat that collectively makes up the ESA’s International Lunar Village. The prototype was created using a robotic 3D printer out of 308LSi stainless steel over the course of about 10 days, measures 4.5 meters in diameter, and has a total mass of approximately 395 kgs.
   
   The floor component consists of six separate segments that were printed vertically before being welded together. When integrated with SOM’s design for a four-story semi-inflatable habitat, the 3D printed structure will be supported by three columns and covered by a series of floor panels. The flooring and manufacturing process are consistent with SOM’s habitat design, which calls for four-story semi-inflatable shells that collectively make the International Lunar Village. Each semi-inflatable shell structure measures four stories high and offers the highest possible volume to mass ratio. Once inflated on the lunar surface, each of these habitats will approximately double its original internal volume.
   
   The module’s inflatable design allows it to be compressed for the sake of transport and then inflated to its full size once it is deployed to the lunar surface. But unlike previous inflatable designs, where the structural and mechanical systems are typically at the center, SOM’s design allows for an open interior that optimizes the living experience.
8. voda 9 september 2021 09:30

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   Tata Steel’s OMQ DivisionBags Greentech Energy Conservation Award
   By Strategic Research Institute on Sep 09, 2021 10:00 am
   
   Tata Steel’s Ores, Mines & Quarries division has been conferred the prestigious ‘Greentech Energy Conservation Award 2021’ during the two-day Greentech Safety Culture & Energy Summit 2021 organised by the Greentech Foundation at Sonmarg, Jammu & Kashmir on August 26, 2021. Tata Steel’s OMQ Division received the award for its outstanding achievements in energy conservation. The award is a reflection of the concerted and multiple efforts made by the division in energy conservation including setting up a 3 MW Solar Power Plant to reduce the carbon footprint and generate power in a sustainable manner, installation of solar operated tube-wells for the community, replacement of energy source from diesel to battery for operation of air conditioning system in the Heavy Earth Moving Machinery, installation of VVF drive and energy-efficient motors in the processing plant, etc. The environmental policy of Tata Steel emphasises efficient use of natural resources & energy, waste avoidance and recycling measures.
   
   Through this award, Greentech Foundation recognises and felicitates outstanding and exemplary initiatives and practices adopted to conserve energy by reducing energy consumption and adoption of renewable energy sources to achieve pollution free environment. The two-day summit was attended by a mix of energy, power, admin and environmental professionals, regulatory authorities and practitioners related to Energy Conservation, Energy Efficiency, Environment Protection and Climate Change.
9. voda 9 september 2021 09:46

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   Coking Coal Prices Hit the Roof
   
   Asian metallurgical coal prices rallied further on 8 September 2021 with IHS Markit increasing its assessment for Prime Hard Low Vol coking coal to USD 300 per tonne FOB Australia, up USD 20 DoD and up USD 190 per tonne since May beginning, translating to additional cost of USD 150 per tonne (INR 11,000) for steel making (Actual impact is much more as sea freight rates have also surged increasing CFR prices). USD 300 FOB levels were last seen in 2011, 2016 & 2017.
   
   IHS Markit Assessment – 8 September 2021
   
   Australian low-vol PHCC FOB 300.00
   Australian mid-vol PHCC FOB 291.05
   Australian second-tier HCC FOB 225.00
   China low-vol PHCC CFR 438.50
   China mid-vol PHCC CFR 428.50
   China second-tier HCC CFR 418.00
   Australian low-vol PCI FOB 185.00
   Australian semi-soft coking coal FOB 175.00
   US East Coast high-vol B FOB 227.50
   US East Coast high-vol A FOB 283.00
   US East Coast mid -vol FOB 300.25
   US East Coast low-vol FOB 317.50
   Mongolian Coking Coal FOT 526.32
   Rizhao coke FOB 525.00
   ARA coke 65/63 CIF 556.67
   Colombia Barranquilla 65/63 FOB 526.67
   
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10. voda 9 september 2021 11:52

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    Gemeenten rond Tata Steel zijn vervuilende fabriek zat
    RTL Nieuws 4 uur geleden
    
    Tata Steel in IJmuiden.© ANP Tata Steel in IJmuiden.
    
    Gemeenten in de IJmond trekken vandaag aan de bel, omdat ze klaar zijn met staalbedrijf Tata Steel. In de Volkskrant zeggen wethouders van Beverwijk, Heemskerk en Velsen niet meer te accepteren dat het bedrijf voor vervuiling en overlast zorgt.
    
    Niet eerder liet de lokale politiek zich zo nadrukkelijk uit over de perikelen rond Tata Steel. In een gezamenlijke verklaring stellen de gemeenten klaar te zijn met de staalfabrikant, waarvan is gebleken dat zijn uitstoot de gezondheid van bewoners in gevaar brengt. De gemeenten spreken zelf van 'veranderende tijden'.
    
    Rapport RIVM
    "Iedereen profiteerde van de Hoogovens, als belangrijke werkgever en als aanjager van de economie in de regio", zegt Brigitte van den Berg, D66-wethouder van Beverwijk in de krant. "De overlast en mogelijke gezondheidsrisico's werden daarbij voor lief genomen."
    
    De kwestie kwam op gang na een rapport van het RIVM vorige week. Daaruit blijkt dat de al langer bestaande vermoedens over de schadelijke gevolgen van de vervuiling van de fabriek van Tata Steel kloppen.
    
    De belangrijkste conclusie: de stofregens die neerdalen in de omgeving van het staalbedrijf kunnen een 'ongewenst effect' hebben op de gezondheid van kinderen. Vooral in Wijk aan Zee is de hoeveelheid schadelijke deeltjes groter.
    
    Debat Tweede Kamer
    De provincie Noord-Holland vroeg zich daarna hardop af of de fabriek, die al meer dan 100 jaar in IJmuiden staat, wel op deze manier kan blijven bestaan. Het provinciebestuur gaf na publicatie van het rapport aan dat het wil dat de landelijke politiek in actie komt.
    
    De Tweede Kamer debatteert vandaag over de toekomst van de staalfabriek.

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11. voda 10 september 2021 07:09

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    Remembering Steel Column Failure Led Collapse of Twin Towers
    By Strategic Research Institute on Sep 10, 2021 08:57 am
    
    In the 1990s, there was no New York City skyline without the Twin Towers, hobnobbing with Lady Liberty and the Empire State Building. But on 11 Stemebr 2001, it changed as terrorists plunged two commercial aircrafts into of World Trade Center’s Twin Towers resulting in uncontrollable fires leading to collapse of 110 floors. On the 20 anniversary of collapse, often referred to as 9/11, media is agog with reports of tributes to thousands who perished, the unanswered questions related to the cause of collapse and the role of steel failure is back in focus.
    
    The original World Trade Center was a large complex of seven buildings in the Financial District of Lower Manhattan in New York City in United States. The core complex was built between 1966 and 1975, at a cost of USD 400 million It opened on April 4, 1973. At the time of their completion, the Twin Towers, the original 1 World Trade Center (the North Tower) at 1,368 feet and 2 World Trade Center (the South Tower) at 1,362 feet, were the tallest buildings in the world. Other buildings in the complex included the Marriott World Trade Center 3 WTC, 4 WTC, 5 WTC, 6 WTC, and 7 WTC. The complex contained 13,400,000 square feet of office space.
    
    Port Authority announced the selection of Japanese origin Mr Minoru Yamasaki as lead architect and Emery Roth & Sons as associate architects in 1962. Mr Yamasaki's design for the World Trade Center was unveiled to the public on January 18, 1964. The buildings were designed with narrow office windows 18 inches wide. The structural engineering firm Worthington, Skilling, Helle & Jackson worked to implement Mr Yamasaki's design, developing the framed-tube structural system used in the twin towers. The framed-tube design, introduced in the 1960s by Bangladeshi-American structural engineer Fazlur Rahman Khan, was a new approach that allowed more open floor plans than the traditional design that distributed columns throughout the interior to support building loads.
    
    Each of the World Trade Center towers had 236 high-strength, load-bearing perimeter steel columns which acted as Vierendeel trusses. The perimeter columns were spaced closely together to form a strong, rigid wall structure, supporting virtually all lateral loads such as wind loads, and sharing the gravity load with the core columns. The perimeter structure containing 59 columns per side was constructed with extensive use of prefabricated modular pieces, each consisting of three columns, three stories tall, connected by spandrel plates. The spandrel plates were welded to the columns to create the modular pieces off-site at the fabrication shop. Adjacent modules were bolted together with the splices occurring at mid-span of the columns and spandrels. The spandrel plates were located at each floor, transmitting shear stress between columns, allowing them to work together in resisting lateral loads. The joints between modules were staggered vertically so that the column splices between adjacent modules were not on the same floor. Below the 7th floor to the foundation, there were fewer, wider-spaced perimeter columns to accommodate doorways
    
    The core of the towers housed the elevator and utility shafts, restrooms, three stairwells, and other support spaces. The core of each tower was a rectangular area 87 by 135 feet and contained 47 steel columns running from the bedrock to the top of the tower. The large, column-free space between the perimeter and core was bridged by prefabricated floor trusses. The floors supported their own weight as well as live loads, providing lateral stability to the exterior walls and distributing wind loads among the exterior walls. The floors consisted of 4-inch thick lightweight concrete slabs laid on a fluted steel deck. A grid of lightweight bridging trusses and main trusses supported the floors. The trusses connected to the perimeter at alternate columns and were on 6 foot 8 inch centers. The top chords of the trusses were bolted to seats welded to the spandrels on the exterior side and a channel welded to the core columns on the interior side. The floors were connected to the perimeter spandrel plates with viscoelastic dampers that helped reduce the amount of sway felt by building occupants. The framed-tube design, using steel core and perimeter columns protected with sprayed on fire resistant material, created a relatively lightweight structure that would sway more in response to the wind compared to traditional structures.
    
    Although each tower was struck by fuel laden Boeing 767, both towers withstood the initial impact of the jet without immediate collapse, with WTC 1 and WTC 2 ultimately collapsing 102 and 56 minutes after impact, respectively showing survival from initial impact loads and the resulting structural damage. Both towers suffered from a progressive collapse, where steel columns lost strength due to exposure to high temperatures caused by burning jet fuel, thus surpassing their structural load capabilities and leading to a pancaked collapse, floor by floor.
    
    In the aftermath of the disaster, a series of investigations were launched with the goal of improving building performance and safety. Among the changes to building codes adopted are considerations which many architects today would consider second nature.
12. voda 10 september 2021 07:10

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    UK’s Structural Steel Specialist Severfield is Carbon Neutral
    By Strategic Research Institute on Sep 10, 2021 08:59 am
    
    UK’s largest structural steel specialist Severfield announced that in August 2021, it achieved our current year target to be accredited as carbon neutral by the Carbon Trust. Severfield said “Operating in a sustainable manner is crucial to both the current and future success of the Group. In line with our sustainability strategy, we are delighted to announce that in August 2021, we achieved our current year target to be accredited as carbon neutral by the Carbon Trust, in accordance with PAS 2060, the only recognised international standard for carbon neutrality. This is an important milestone in our journey towards Net Zero.”
    
    Severfield said “Carbon neutral in this context means that we use carbon offsetting from sustainable development experts ClimateCare, to eliminate the combined scope 1, scope 2 and operational scope 3 (business travel, transport and distribution, employee commuting, and waste) greenhouse gas emissions generated from all our manufacturing facilities and construction sites.
    
    Projects which are benefitting from our carbon offsetting programme include solar power projects in India chosen because of our existing manufacturing footprint in India, the manufacture of efficient cookstoves in Ghana chosen because of the air quality issues in Ghana, and the regeneration of degraded lands in Chile chosen because of the level of innovation associated with this project.
    
    The Group has reduced its carbon emissions by more than 60 per cent since 2015, through various initiatives including shifting to more energy-efficient technologies, lean manufacturing techniques and by switching to green electricity.
13. voda 10 september 2021 07:11

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    ABP Signs 10 Year Logistic Agreement with Island Steel at Newport
    By Strategic Research Institute on Sep 10, 2021 09:01 am
    
    Associated British Ports has signed a new 10-year agreement with Port of Newport based UK's major steel service centres at the Island Steel.
    
    Island Steel, who has been a customer at the Port of Newport since 1994, currently occupies a purpose-built 100,000 square feet facility, which is entirely powered by solar energy, produced on-site. The new agreement sees Island Steel's site expand an extra 1.2 acres, allowing them to further develop its relationship with the port and the wider steel industry, whilst maintaining its stellar health and safety record.
    
    Currently one of the UK's service centres for steel, Island Steel will use the 1.2 acres to start offering toll processing services, which will enable further reduction of its carbon footprint, as well as reduce the effect of shortages within the haulage industry.
    
    Across its ports, ABP handles almost 2 million tonnes of steel a year, with Newport handling nearly 500,000 a year. Island Steel has been a long-standing customer at Newport.
14. voda 10 september 2021 07:11

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    US Steel Shipments in July 2021 Up by 37% YoY
    By Strategic Research Institute on Sep 10, 2021 09:02 am
    
    The American Iron and Steel Institute reported that for the month of July 2021, US steel mills shipped 8,278,863 net tons, a 37.2 percent increase from the 6,035,596 net tons shipped in July 2020. Shipments were up 3.1 percent from the 8,031,516 net tons shipped in the previous month, June 2021. Shipments year-to-date in 2021 are 54,248,739 net tons, a 14.8 percent increase vs. 2020 shipments of 47,253,803 for seven months.
    
    A comparison of shipments year-to-date in 2021 to the first seven months of 2020 shows the following changes: corrosion-resistant sheet and strip, up 23 percent, cold rolled sheet, up 17 percent, and hot rolled sheet, up 9 percent.
15. voda 10 september 2021 07:13

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    Olympic Steel Appoints Ms Cassy Powers as VP Human Resources
    By Strategic Research Institute on Sep 10, 2021 09:05 am
    
    Leading US metals service center Olympic Steel Inc announced that Ms Cassandra (Cassy) Powers has been promoted to Vice President of Human Resources. Ms Powers’ promotion is part of a planned succession. She will succeed Ken F Sloan, who has announced his plan to retire in 2022. In her new role, Ms Powers will report directly to Olympic Steel’s Chief Executive Officer Mr Richard T Marabito and lead the Company’s strategic employee acquisition, engagement, development and retention efforts.
    
    Ms Powers joined Olympic Steel’s Human Resources team in 2016, bringing with her more than 11 years of human resources and talent acquisition experience. Throughout her tenure, she has earned roles of increasing responsibility, including leading the Company’s recruitment efforts as Talent Acquisition Manager and, most recently, supporting strategic talent management as Regional Human Resources Manager.
    
    Ms Powers earned her bachelor’s degree in business and organizational communication from the University of Akron. She is a Society for Human Resources Management Certified Professional (SHRM-CP) and serves on the Metals Service Center Institute (MSCI) Diversity, Equity and Inclusion (DEI) Task Force.
    
    Founded in 1954, Olympic Steel is a leading US metals service center focused on the direct sale of processed carbon, coated and stainless flat-rolled sheet, coil and plate steel, aluminum, tin plate, and metal-intensive branded products. The Company’s CTI subsidiary is a leading distributor of steel tubing, bar, pipe, valves and fittings, and fabricator of value-added parts and components. Headquartered in Cleveland, Ohio, Olympic Steel operates from 35 facilities in North America.
16. voda 10 september 2021 07:13

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    EU Electrical Domestic Appliances Industry Recover by 13% in 2021
    By Strategic Research Institute on Sep 10, 2021 09:07 am
    
    According to the Economic and Steel Market Outlook 2021-2022/Q3 2021 Report from the Economic Committee of the European Steel Association EUROFER, “Despite strong rebound in output both in the third and the fourth quarter, output in domestic appliances has fallen by 2.8% in 2020, which represents the third consecutive annual drop and then is set to recover strongly by 13.1% in 2021 and only marginally by 0.1% in 2022. We hereby assume that, even once the pandemic is over and full mobility is again restored, home working will remain widespread, albeit not as much as it has been since March 2020. This will continue to support demand for home appliances and other goods that can enhance the quality of home life and ensure better comfort when working from home. In addition, developments linked to the so called Internet of Things ie smart applications that enable to connect and set home appliances and devices and systems over the Internet should also benefit the sector.”
    
    Production activity in the electrical domestic appliances sector has rebounded by 17.1% YoY in the first quarter of 2021, further5% QoQ growth over the fourth quarter of 2020, which was the third consecutive quarter of expansion. These positive developments reflected a bigger than expected recovery in output after the removal of lockdown measures across the EU and the widespread remote working across EU Member States, which has likely boosted demand for home appliances and other related goods.
    
    The domestic appliances sector, as well as other steel-using sectors, was severely impacted by the economic lockdown due to the onset of the pandemic in mid-March 2020. This has further exacerbated the negative trend in production of the electrical domestic appliances sector in the EU recorded since the third quarter of 2018. After plummeting by 19.3% in the second quarter of 2020, production activity in the EU’s electrical domestic appliances sector sharply rose by .5% YoY in the third quarter of 2020, being the only steel using sector which recorded positive growth over that quarter and also in the fourth quarter of 5%. However, on a yearly basis, output fell by 2.8% in 2020, that was the second year of recession after minus 0.7% in 2019.
17. voda 10 september 2021 07:14

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    BE Group Expects Strong Operating Results in Q3 of 2021
    By Strategic Research Institute on Sep 10, 2021 09:09 am
    
    Steel trading and service company BE Group’s operating result for the third quarter 2021 is expected to exceed the company’s profitability targets due to increased demand, higher steel prices and improved margins. Based on the Group´s result up until August, the operating result including inventory gains is estimated to increase significantly and amount to at least SEK 200 million. BE Group’s President & CEO Mr Peter Andersson said “BE Group provided very strong earnings for the first six months and the Group´s net sales increased with 22 percent compared to last year. The operating result increased to SEK 244 million corresponding to an operating margin of 9.7%. Continuous rising steel prices resulted in inventory gains of SEK 43 milion and the underlying operating result increased to SEK 201 milion. We expected demand to continue to be high in the third quarter and this year we can also see that the seasonal effects of the vacation period did not appear. July and August have been two strong months and there is nothing to suggest that September will be weaker”
    
    BE Group, which is listed on the Nasdaq Stockholm exchange, is a trading and service company in steel, stainless steel and aluminium. BE Group offers efficient distribution and value-adding production services to customers primarily in the construction and manufacturing industries. In 2020, the Group reported sales of SEK 3.7 billion. BE Group has approximately 630 employees, with Sweden and Finland as its largest markets.
18. voda 10 september 2021 07:14

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    Mechel Starts Development of Sivaglinsky Iron Ore Deposit
    By Strategic Research Institute on Sep 10, 2021 09:11 am
    
    Leading Russian mining and metals company Mechel PAO announced the development of design estimates and approvals for the development of the Sivaglinskoye iron ore deposit. Until the end of 2022, about 2 billion rubles will be allocated for the implementation of this project. The deposit will be mined in an open pit. The Sivaglinskoye iron ore deposit is located 135 kilometers north of the city of Neryungri and 9 kilometers from the railway line adjacent to the Baikal-Amur Mainline. A 110 kV power transmission line from the Neryungrinskaya SDPP runs 3 kilometers from the field. At a distance of 8 kilometers is the Pionerskoye iron ore deposit, which Mechel also holds a license to mine, which in the long term will make it possible to create a single enterprise.
    
    The area of the Sivaglinskoye deposit is 2.2 square kilometers, the reserves for opencast mining are 21 million tonnes of ore, the average iron content is 48.6-53.3%. During its development, among other things, it is planned to use the material and technical base of the Yakutugol holding company, which is part of the Mechel Group.
    
    At present, exploration work has been completed with a total cost of RUB 385 million. Industrial tests for the processing of ore from the Sivaglinsky deposit at the Chelyabinsk Metallurgical Plant have been successfully completed. Procurement procedures are underway to purchase the necessary mining and transport equipment. It is planned to start pilot production of the Sivaglinskoye deposit in the 4th quarter of 2022, the production volume by the end of 2022 is expected to be at the level of 300-400 thousand tonnes of blast-furnace and sinter ores. From 2023, annual production will be about 1 million tonnes, and with the commissioning of the Pionerskoye deposit, the total production capacity will reach 3.5 million tonnes of ore.
19. voda 10 september 2021 07:15

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    Tata Steel Starts Using Electric Vehicles at Jamshedpur Plant
    By Strategic Research Institute on Sep 10, 2021 09:13 am
    
    Under an initiative aimed at reduction of Greenhouse Gas emissions to help protect the environment, Tata Steel has introduced Electric Vehicles for transportation of finished steel at its Jamshedpur plant with an inaugural run from the company's Billet Yard to Beekay Steel Plant. The EVs being deployed comprise a 2.5 tonne, 275kWh lithium-ion battery pack with a sophisticated cooling system and a battery management system having the capability to operate at ambient temperatures of up to 60 degrees Celsius. The battery pack is powered by a 160 kWh charger set-up which is able to charge the battery from 0 to 100 % in 95 minutes. With zero tailpipe emission, each EV would reduce the GHG footprint by more than 125-tonne carbon dioxide equivalent every year.
    
    Tata Steel has tied up with an Indian startup to pursue its aspiration of deploying EVs for the transportation of finished steel. The company has been contracted to deploy 27 EVs with a minimum carrying capacity of 35 tonnes of steel. The company plans to deploy 15 EVs at its Jamshedpur plant and 12 EVs at its Sahibabad plant. The initiative was formally flagged off on 2 July 2021 with a loaded vehicle at the Pilkhuwa Stockyard to move to the Sahibabad plant, 38 kms away.
20. voda 10 september 2021 07:15

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    Acquired Plants Named as Saarstahl Rail & Saarstahl Ascoval
    By Strategic Research Institute on Sep 10, 2021 09:16 am
    
    The SHS Saarstahl Group has announced the new names for the two plants in France to employees and customers of the Hayange rail plant and the Saint-Saulve steelmaking plant based on the electric arc furnace technology. The rail plant at the Hayange location, formerly Liberty Rail Hayange, will in future bear the name Saarstahl Rail and the EAF steel plant in Saint-Saulve, formerly Liberty Ascoval, will now trade under the name Saarstahl Ascoval.
    
    Saarstahl is one of Europe’s leading manufacturers of quality long steel products. Saarstahl Rail’s rail business will be a key element in the company’s future strategy. The EAF steel route will also open up future possibilities for Saarstahl to offer a broader range of products made from premium-quality steel with a carbon-neutral footprint.
    
    The Saarstahl Group, headquartered in Völklingen in Germany, specializes in the production of wire rod, bar steel, billets and forged products in premium qualities. With innovative products and intelligent technologies, Saarstahl is helping find answers to global challenges like mobility, energy efficiency and safety. Saarstahl products are in demand by the automotive and construction industries, the power engineering industry, the aerospace industry, by general mechanical engineering and other steel processing industries, and they are used in applications that can be subjected to the most extreme conditions. With the acquisition of a rail plant and an EAF steel plant in France, Saarstahl is also significantly advancing the environmental transition in the area of sustainable mobility.