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Tata Steel zet vol in op waterstof om staalproductie te vergroenen

Staalproducent Tata Steel kiest voor waterstof om zijn fabricageproces te verduurzamen, zo maakt het bedrijf woensdag bekend. Het besluit heeft de goedkeuring gekregen van de raad van commissarissen en van het moederbedrijf uit India.

Tata Steel ligt al geruime tijd onder vuur omdat het veel schadelijke stoffen uitstoot waar de omgeving last van heeft. Het staalbedrijf is een van de grootste vervuilers van Nederland. De druk om de processen te verduurzamen is dan ook groot.

Tata Steel zei eerder al dat het richting 2030 steeds minder CO2 wil uitstoten. Om dat te bereiken kiest het bedrijf ervoor de komende jaren steeds meer waterstof te gebruiken. Dit moet voor minder schadelijke uitstoot zorgen. Het bedrijf had ook kunnen kiezen voor de opslag van CO2 onder de grond, maar denkt dat waterstof een betere optie is.

"We willen de impact op onze leefomgeving zo snel mogelijk verder verminderen. Dat doen wij via een radicale koerswijziging naar waterstof, niet alleen voor het klimaat, maar juist ook omdat deze oplossing het beste is voor de omgeving. Binnen acht jaar ziet het er hier heel anders uit", belooft directievoorzitter Hans van den Berg van Tata Steel.

Wel geeft het bedrijf aan dat het bij de transformatie hulp nodig heeft van lokale en landelijke overheden. Daarbij gaat het om subsidies, het afgeven van vergunningen en het aanleggen van een systeem dat de waterstof kan vervoeren.

Waterstof niet in alle gevallen schoon
Overigens is die energiedrager niet in alle gevallen schoon. Het is afhankelijk van hoe de waterstof is opgewekt. Als dit gebeurt met behulp van fossiele brandstoffen, zoals aardgas of kolen, is er nog altijd sprake van uitstoot van schadelijke stoffen.

Volgens Tata is de beschikbaarheid van schoon opgewekte waterstof nog beperkt. Daarom zal aardgas voorlopig een belangrijke rol spelen bij de productie van staal. "Maar waterstof zal geleidelijk aan de aardgastoepassing kunnen vervangen", aldus het bedrijf in een toelichting.

Het duurt waarschijnlijk nog wel tot 2030 voor het hoogovencomplex in IJmuiden deels op gas of waterstof draait. Nu zijn er nog twee hoogovens die op kolen werken. Daarvan moet er aan het einde van dit decennium nog één over zijn, die later kan worden gesloten. Of de fabrieken rond 2030 al op waterstof werken, kan Tata Steel nog niet zeggen.

Ook veel andere zaken moeten nog worden uitgewerkt. Zo is nog niet bekend hoeveel geld geïnvesteerd moet worden, met hoeveel de CO2-uitstoot wordt teruggebracht en wat de stap precies betekent voor de werkgelegenheid.

www.nu.nl/economie/6157233/tata-steel...
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SunCoke Energy Resumes Operations at Convent Marine Terminal
By Strategic Research Institute on Sep 16, 2021 09:02 am

US’s premier met coke manufacturer & supplier SunCoke Energy Inc reported that electrical power at Convent Marine Terminal was restored over last weekend and the facility has returned to normal operating status as of September 13, 2021. Convent Marine Terminal General Manager Mr Mickey Gauldin said "I want to thank all of our employees who worked diligently and safely to re-establish our operational capabilities under difficult circumstances. Their dedication has been exemplary, particularly in light of the larger and ongoing impacts of Hurricane Ida on our community."

SunCoke Energy Inc supplies high-quality coke used in the blast furnace production of steel, under long-term, take-or-pay contracts that pass through commodity and certain operating costs to customers. It utilizes an innovative heat-recovery technology that captures excess beat for steam or electrical power generation. Our coke making facilities are located in Illinois, Indiana, Ohio, Virginia and Brazil.
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JSW Steel Board Approves Issuance of USD 1 Billion Notes
By Strategic Research Institute on Sep 16, 2021 09:05 am

Finance Committee of the Board of Directors of JSW Steel Limited has approved the issuance of fixed rate senior unsecured notes aggregating to USD 1 billion, in two series of USD 500 million each, Series 1 and Series 2 respectively and has approved the pricing, tenure and other terms of the Notes.

The proceeds of the Series 1 Notes will be used by the Company for capital expenditure and the proceeds of the Series 2 Notes will be used by the Company for repayment or prepayment of debt and any of the other purposes
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Steel Dynamics Secures Tax Abatement for Terre Haute Expansion
By Strategic Research Institute on Sep 16, 2021 09:08 am

WTHI reported that Vigo County Council, after a unanimous vote, has approved Steel Dynamics Inc’s request of 10 year tax abatement for USD 231 million dollar expansions of its Steel Dynamics Heartland LLC facility in Terre Haute in the Vigo County Industrial Park. The plan is to bring 84 well-paying jobs with annual salaries above USD 80,000. The hope is to fill a majority of these jobs by Vigo County residents. There will also be several dozen construction jobs available in the coming months. Vigo County Council President Mr Aaron Loudermilk said "Obviously, when are local people get to work it is a good thing. They live here. They spend the money here and the money goes back into the community. I always feel better about a project when the work is staying here locally.”

The company hopes to break ground as soon as possible. The goal is to finish construction by the end of 2022 or the beginning of 2023.

Steel Dynamics purchased Companhia Siderurgica Nacional LLC’s plant in the Vigo County Industrial Park in late June of 2018, giving it the ability to expand its annual flat roll steel shipping capacity. Steel Dynamics Inc planned expansion includes constructing a 390,000 square-foot expansion of its cold roll steel plant at a cost of USD 34.65 million and installing USD 196.35 million in new equipment. The new equipment includes adding a galvanizing line and paint line, cranes, water treatment equipment, rail and scrap yard, plus mobile equipment and coil handling equipment.

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OMK Opens New Warehouse for in Perm in Volga Federal District
By Strategic Research Institute on Sep 16, 2021 09:11 am

Russian pipe maker United Metallurgical Company OMK has opened a warehouse for the sale of pipes and rolled metal products in Perm in Volga Federal District of Russia. This is already the fifth regional distribution division within OMK Market, launched this year, and the eighth in the Volga Federal District, where OMK's main production facilities are located. In a warehouse with a total area of 12,000 square meters, customers from the Perm Territory and nearby regions are presented with a wide range of profile, electric-welded and water-gas pipes, as well as sheet and shaped steel.

Most of the products sold are manufactured by OMK plants in the Nizhny Novgorod Region and the Republic of Tatarstan. Favourable geographic location close to federal highways helps to build efficient logistics. Covered warehouses provide customer comfort, especially in inclement weather.
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Villacero Says Merger Deal with AHMSA is Valid
By Strategic Research Institute on Sep 16, 2021 09:14 am

Leading Mexican steel service centre and distributor Grupo Villacero considers that a merge agreement with Altos Hornos de Mexico is still valid even despite AHMSA reporting the opposite in August end. It indicated that a purchase-sale contract signed on 14 April 2021 for the shares of the Ancira Elizondo family for control AHMSA is still in force and with enforceable obligations between the parties. The company says that it did not enter into any other agreement with AHMSA and reiterates that it fulfilled and will fulfil the commitment agreed with the Ancira Elizondo family as agreed on April 14 of this year

Mexican integrated steelmaker Altos Hornos de Mexico said last month that it has revoked a sale agreement it had with a group of investors led by Villacero Group due to Alianza's incompliance of contract clauses

As per earlier agreement, Alianza Minerometalurgica Internacional, a group of investors led by Villacero, was to buy 55 percent stake at Grupo Acerero del Norte, the holding company that controls Mexican steelmaker Altos Hornos de Mexico.

AHMSA has capacity to produce nearly 5.6 million tonnes of slabs and 3.8 million tonnes of HRC and plates.

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TMK Robotizes Processing of Financial Documents at SinTZ
By Strategic Research Institute on Sep 16, 2021 09:17 am

Russian Pipe Metallurgical Company TMK and the Russian consulting company providing services in business process optimization and automation NFP have implemented a pilot project to automate the work with financial documents. A software robot RPA, Robotic Process Automation, made it possible to speed up the processing of financial documents by TMK’s Sinarsky Pipe Plant by 10 times. The robot, specially developed by NFP to automate accounting and treasury processes, took over the technical operation of reconciling acts with counterparties, which was previously performed by the company's employees. In the process of setting up the robot, a number of scenarios were developed: for working with e-mail and attached files of reconciliation acts, for recognizing documents in PDF and Microsoft Excel formats, as well as for generating the corresponding acts from SinTZ in the resource planning system (ERP) and reconciling calculations. The solution is capable of verifying acts in five scenarios, depending on the type of document.

The implementation of the robot financier confirmed the effectiveness of this technology, the automated reconciliation of acts takes about 3 minutes, while it takes up to 30 minutes of working time for a specialist.

SinTZ's financial documentation is processed at the TMK-Sinara unified Business Services Center CBU in Yekaterinburg, where the administrative services of TMK and Sinara Group are concentrated. At the moment, specialists from CBU TMK-Sinara are monitoring the robot's results of the reconciliation performed by the robot, but in the future, this control is planned to be eliminated.

Before starting the implementation, the NFP team took part in organizing the infrastructure for the RPA, providing support to TMK's IT Directorate. As part of this task, the requirements for the servers were described, on which were subsequently deployed for a comprehensive solution based on a multicomponent platform for robotic automation. The created infrastructure has become common for the TMK group and is able to form the basis for the forthcoming robotization of other enterprises of the holding.
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Steel Dynamics Increases Earnings Guidance for Q3 of 2021
By Strategic Research Institute on Sep 16, 2021 09:19 am

US steel maker Steel Dynamics Inc has provided third quarter 2021 earnings guidance in the range of USD 4.78 to USD 4.82 per diluted share, representing record quarterly performance. Comparatively, the company's sequential second quarter 2021 earnings were USD 3.32 per diluted share and USD 0.47 in third quarter of 2020. SDI said “Third quarter 2021 profitability from the company's steel operations is expected to be meaningfully higher than second quarter results setting a new quarterly record, driven by strong steel demand and significant metal spread expansion across the entire platform, and most pronounced within the flat roll steel operations. Third quarter 2021 steel shipments are expected to be strong across the company's steel portfolio. Domestic steel demand remains strong, with the automotive, construction, and industrial sectors continuing to lead the momentum. Order entry continues to be robust as strong demand, coupled with continuing low flat roll steel inventories underpin elevated steel selling values. The company believes this momentum will continue, resulting in even stronger fourth quarter results.”

Third quarter earnings from the company's metals recycling operations are expected to be aligned with sequential second quarter results, based on higher sequential ferrous metal margin offsetting lower volume. As many domestic steel mills are taking maintenance outages in the fourth quarter of 2021, the company anticipates ferrous scrap demand to moderate in line with reduced steel production.

Third quarter 2021 earnings from the company's steel fabrication operations are expected to be more than two and one-half times higher than sequential strong second quarter results, as higher prices and expected record quarterly shipments more than offset higher steel input costs. The non-residential construction sector remains strong as evidenced by robust and increasing order activity, resulting in another record order backlog and record forward-pricing for the company's steel fabrication platform. The company anticipates this momentum to continue through the remainder of this year and into 2022 based on these dynamics.
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China Steel Corp to Hikes Steel Prices for Domestic Sales in Q4
By Strategic Research Institute on Sep 16, 2021 09:21 am

Taiwanese steel maker China Steel Corp announced that it would raise prices for domestic deliveries by 1.32% in October and for October-December 2021 quarter to reflect higher manufacturing costs and rising steel demand. China Steel Corp said “Even though the steel demand might be dragged down by the pandemic in South East Asia and the disturbance of global logistic, as steel industry entering traditional peak season, momentum from downstream industries is expected to remain strong. After evaluating the market trend, production cost and most of all, the competitiveness and benefits of our downstream customers, CSC hereby announces to raise the prices by 1.32% in average for fourth-quarter shipment products of domestic sales in 2021.”

CSC added “As global economy remains strong, global GDP growth rate is projected at 5.4-6.0% this year. Benefiting from large scale of infrastructure plans launched by the US, China, EU and India governments, steel demand is also in prosper perspective. In Taiwan, International Commercial Port Future Development and Construction Plan approved by Executive Yuan is estimated to bring in NTD 320 billion worth of investment from both public and private sectors. Economic performance gets strengthened from the stable recovery of global economy. Taiwan’s Executive Yuan will launch a new COVID-19 relief package in October, which is expected to boost domestic consumption. The government raises the GDP growth rate forecast to 5.88% in 2021, reaching a record high since 2010. Having said that, IMF also warns the economy might show uneven recovery in different countries given that COVID-19 is still threatening global economy.”

October 2021 Hike

HR - Nil

CR - Nil

GI - Nil

ES – NTD 500 per tonne

October-December 2021 Hike

Plate – NTD 1500 per tonne

Bar & Wire Rod – NTD 0-1000 per tonne

HR – NTD 1500 per tonne

CR – NTD 1500 per tonne

EG – NTD 1500 per tonne

GI – NTD 1500 per tonne

Automotive usage – NTD 1500 per tonne
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Metalloinvest Launches Modernised Blast Furnace 3 at Ural Steel
By Strategic Research Institute on Sep 16, 2021 09:26 am

Leading Russian miner & steel maker Metalloinvest has launched Blast Furnace 3 at Ural Steel following modernisation. Investment in the project amounted to almost RUB 3.9 billion. The advantage of the new Blast Furnaces 2 and 3 is the possibility of using a charge with up to 95% iron ore pellets. The annual pig iron production at Blast Furnace 3 will increase by 8% to more than 1 million tonnes per year.

The application of a modern analysis and technological process control system helps determine the optimal operating mode and enables automatic control of the smelting process by controlling a variety of parameters. The applied lining technology and furnace cooling system allow the copper horizontal cooler to be promptly replaced in the event of burnout without a lengthy furnace shutdown.

As part of the technical upgrade, a new pumping station for supplying purified water to the furnace cooling elements was constructed, which significantly increases their service life. Additionally, the electric bridge crane of the foundry yard, skip hoist, electric wagon weights, transfer car, foundry yard machines and electric pushers were replaced.

The main processing equipment was supplied by Danieli Corus.

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Tenaris Reopens Koppel Melt Shop in Pennsylvania
By Strategic Research Institute on Sep 16, 2021 09:35 am

Tenaris marked the reopening of its manufacturing facilities in Koppel and Ambridge in Pennsylvania, with a ceremony at its Koppel melt shop, Tenaris’s first steel mill in the US. Tenaris US President Mr Luca Zanotti was joined by US Congressman Mr Conor Lamb and other law makers. The Koppel steel mill completed its commissioning this summer following a yearlong investment of more than USD 15 million in upgrades. South of Koppel in Ambridge in Pennsylvania, the company’s seamless mill is now rolling pipe following a restart of the facility in August.

Tenaris has expanded its teams in Koppel and Ambridge, currently at about 300 with plans for additional hires in the coming months.

In addition to the two manufacturing sites, Tenaris also operates a threading facility in Brookfield in Ohio.
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Trinecké železárny Starts Modernization of Blast Furnace 6
By Strategic Research Institute on Sep 16, 2021 09:37 am

Czech Republic based steel maker Trinecké železárny announced that the repair and reconstruction of blast furnaces 6 is currently underway and after 62 days on 19 October, the blast furnace operators will blow it up again and start melting iron. It is the largest investment of this year. The total cost of reconstruction and repairs will amount to CZK 650 million. The primary objective of the refurbishment is to install new elements and process equipment in line with current trends. The essential point of the project is the renovation of the blast furnace with new carbon blocks and the installation of new refractory linings, which will make hot metal production more efficient and reduce the environmental burden.

After the installation of modern hot blast stoves together with the installation of new air preheating assemblies, the consumption of blast furnace gas for heating the stoves will be reduced and the production of blast furnace gas itself will be reduced. This will result in a reduction in CO2 emissions.

The last overhaul of BF 6 took place in 1999, 22 years ago. Since then, the furnace has produced over 22 million tonnes of hot metal.

Blast Furnace 6

69 years in operation since 1952.

Overhauls carried out in 1963, 1973, 1985 and 1999.
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JSW Steel Launches Digital Drive at Vijaynagar, Dolvi & Salem
By Strategic Research Institute on Sep 16, 2021 09:39 am

Business Line reported that JSW Steel has identified over 200 digital projects to connect its factories in Karnataka, Maharashtra and Tamil Nadu and to enable them become Smart Steel Factories within the next three financial years. It will execute about 100 digital projects at the Vijayanagar plant in Karnataka, over 90 projects at Dolvi in Maharashtra and about 10 projects at Salem in Tamil Nadu covering the breadth of steel-making operations to drive efficiency. JSW Group’s Head of Digital Centre of Excellence Mr Siddharth Patel told BusinessLine that “The digital team will drive efficiency right from preparation of raw material to the stocking of the goods at the warehouse and delivery to customers.”

Mr Patel added “JSW Steel is exploring the use of digital initiatives to implement predictive and then prescriptive maintenance to improve product quality and safety on the shop floor.”

The first smart factory will become operational at Vijayanagar in FY23, followed by the steel-making facilities at Dolvi and Salem, and the downstream and joint control facilities will be taken up subsequently.
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EUROFER Seeks State Support for Decarbonisation of Steel Industry
By Strategic Research Institute on Sep 16, 2021 09:43 am

European Steel Association EUROFER said that EU steel industry, which has the ambition of reducing its emissions by 55% by 2030 compared to 1990, will be successful only if the Fit for 55 Package puts the right conditions and incentives in place. EUROFER Director General Mr Axel Eggert said “This is a make-or-break moment for Europe’s leadership, we must get it right in order to make the green transition economically and socially viable for everybody, including the steel sector. The pandemic has shown that strategic autonomy is paramount in all industries: only with a steel sector in good health, can the EU pursue its geopolitical, climate, economic and social goals. Steel has been at the heart of the European community since its very foundations in 1950 with the Schuman Declaration. Today, decarbonisation is both a reality and a necessity. We should not put European steel at risk by mistake or as an unintended collateral damage of other policies, as this could put the State of Union itself at risk in the coming years. Instead, the EU should embrace the opportunity of a steel industry that could be the global decarbonisation leader. We therefore reiterate our call on President von der Leyen to meet the CEOs of the EU steel industry for a ‘European Green Deal on Steel.”

The European steel industry calls on the EU legislators to ensure full support in the climate transition by providing:

? Access to affordable low carbon energy, especially electricity and hydrogen;

? Investment support for breakthrough, clean technologies;

? Affective carbon leakage protection -The new Carbon Border Adjustment Mechanism should be applied until 2030 with the EU ETS currently used benchmark-based free allocation and indirect cost compensations throughout the EU, in order to support companies focussing on low carbon investment and also in order to assess the CBAM effectiveness over time.

EUROFER said “The implementation process of the Fit for 55 package on the ground will be equally important: overly burdensome regulations further worsening the regulatory cost disadvantage of EU companies vis-à-vis its global competitors could jeopardise manufacturing in Europe with preventable plant closures and job losses in the thousands in the steel industry alone. Higher climate ambition and rising carbon prices, which doubled in the last year and tripled in the last two years, require strengthened carbon leakage protection as long as international competition doesn’t face comparable carbon constraints, if any at all.”
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Tata Steel Opts for Hydrogen Route at IJmuiden Steelworks
By Strategic Research Institute on Sep 16, 2021 09:46 am

Leading international steelmaker Tata Steel has announced plans to pursue a fully sustainable future for its steelworks in Ijmuiden in the Netherlands, by adopting a hydrogen route. Tata Steel has announced it will pursue the hydrogen route in IJmuiden and undertake a detailed assessment in this regard. This involves the introduction of direct reduced iron technology which can make iron using natural gas or hydrogen, before it is converted to steel in one or more electric furnaces to be invested in the future.

The company has already stated its ambition in IJmuiden to reduce CO2 emissions by five million tonnes a year by 2030 and has been exploring various technological options to achieve this, including the capture and storage of CO2 or a hydrogen route. External experts assessed that both options are technically feasible according to a joint study by Tata Steel and FNV, the Dutch trade union.

Tata Steel will use the coming period for discussions with all stakeholders involved in order to further develop this route. The ongoing feasibility study will also be used to further develop the DRI technology. This concerns elements such as: economic evaluation, employment, and the consequences of impact on other emissions, such as NOx, odour, dust and noise.
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Trending Now: Thyssenkrupp sells Italian stainless plant AST to Arvedi
Kallanish Steel | Sept. 16, 2021

Thyssenkrupp (tk) has agreed to sell its Italian stainless steel mill, Acciai Speciali Terni (AST), to Italy’s Arvedi. The deal includes the associated sales organisation in Germany, Italy and Turkey.

AST currently employs around 2,700 people and generated sales of around €1.7 billion ($2 billion) in fiscal year 2019/2020.

The parties have agreed not to disclose the purchase price, and the closing of the transaction is expected in the first half of 2022, Kallanish learns from thyssenkrupp. The German company notes it is examining a possible minority shareholding in AST.

“We are pleased to have found a new owner for AST in the Arvedi Group, which will drive the development of the company with investments and innovations,” says thyssenkrupp’s Volkmar Dinstuhl, the current chairman of AST.

“This transaction is strategic for the whole Italian economy and represents an initial step towards new exciting developments,” says founder and president of Arvedi, Cavaliere Giovanni Arvedi. He adds that “we are very pleased that tk is considering a potential minority shareholding in AST”, which he says is proof of tk’s trust in the company.

For thyssenkrupp, the sale means the end of a process lasting many years, after it decided to part with its tradition of making stainless steel, and divested most activities to Outokumpu.

Earlier this summer, four companies were reported shortlisted for acquiring AST. Apart from Arvedi, these were Marcegaglia, Posco and Baosteel, according to union sources.
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Tweede Kamer wil strengere uitstootnormen voor Tata Steel

De Tweede Kamer vindt de milieunormen waar Tata Steel aan moet voldoen niet streng genoeg. Een meerderheid steunt een oproep van GroenLinks aan het demissionaire kabinet om maximaal de ruimte te benutten die Europese regelgeving biedt om de uitstoot van schadelijke stoffen verder aan banden te leggen.

Politieke redactie 16-09-21, 23:25

Uit een recent RIVM-rapport kwam naar voren dat omwonenden van de staalfabriek van Tata Steel in IJmuiden blootgesteld worden aan hoge concentraties giftige stoffen. Toch voldeed het bedrijf altijd aan de voorwaarden die verbonden zijn aan zijn vergunningen. ,,Ook al voldoet Tata aan de vergunningen, toch is de gezondheidssituatie voor omwonenden dramatisch”, zegt GroenLinks-Kamerlid Tom van der Lee. ,,Het is daarom duidelijk dat de normen voor uitstoot waar Tata aan moet voldoen, niet streng genoeg zijn.”

Lees ook
Tata: meer dan alleen een stinkende staalfabriek

Een deel van de Kamer wil dat Tata Steel gedwongen wordt zijn meest vervuilende installatie zo snel mogelijk te sluiten. Maar dat voorstel, dat ook ontraden werd door het demissionaire kabinet, kreeg geen meerderheid.

Vergroenen
Tata Steel kwam eerder deze week met een plan om sneller te vergroenen dan tot dusver het plan was. Het bedrijf wil de komende jaren afstappen van het gebruik van steenkool bij de staalproductie, en daar uiteindelijk groene waterstof voor gaan gebruiken. Daar heeft het wel financiële steun bij nodig.

Een ruime Kamermeerderheid wil dat de overheid het bedrijf daarmee gaat helpen. Minister Stef Blok (Economische Zaken) beloofde eerder al dat hij met de Europese Commissie gaat bespreken welke vergroeningssubsidies binnen de kaders van de staatssteunregels vallen.

www.ad.nl/politiek/tweede-kamer-wil-s...
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ArcelorMittal Liberia Taken to Court for Contract Breach

Strategic Research Institute
Published on :
17 Sep, 2021, 5:27 am

New Republic Liberia reported that the Former Senate Pro Temporary of the Liberian Senate Mr Gbehzohngar Milton Findley has taken issue with the Management of Mittal Steel (Liberia) Holding Limited over alleged breach of concession agreement. Mr Findley filed a petition for declaratory judgement before the Second Judicial Circuit Court of Grand Bassa County against Mittal Steel preying that the honorable Court to render judgement against the company for failing to meet up with its responsibility as indicated in the agreement. He wants the court to ensure that Mittal Steel abides and complies with Articles; schedule a production schedule, appendixes H and G as well as to include all other provisions stipulated within the concession which he claimed the company has not followed.

Additional; Findley’s petition is further requesting that the honourable Court to Order Mittal Steel to pay all remaining payments and benefits or contributions required by the Concession to make to the People of Liberia, to include Grand Bassa County where the Petitioner, Mr Findley Resides. Mr Finley indicated that he has the right to enjoy the rights and privileges accorded to every citizen and resident of the County. According to him, under the social contract, the rights contained in the Constitution of Liberia as well as statutory rights, guaranteed by the Constitution for all citizens are accorded to him as a matter of law and fact under the laws of the Republic of Liberia.

The former senate pro-tempt holds that he has the right and authority under the Constitution of Liberia as a citizen and resident of Grand Bassa County, therefore, any contract or agreement entered into by the Government of Liberia obligating a Concessionaire to accord certain defined rights to him as a citizen and people of Grand Bassa County.

According to him, the petition is the proper remedy sought, the court has the legal authority to declare the rights of the Petitioner and every other Liberian citizen the rights accrued and have been denied by agreement, statute, and the Constitution of the Republic of Liberia.

The law suit comes barely less than a week after the company signed the third amended Mineral Development Agreement.

This is the first time for anyone to take ArcelorMittal Liberia to court since it started operations in Liberia 2005.

No one from the company was available to comment.
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Nucor Expects Record Quarterly Earnings in Q3 of 2021

Strategic Research Institute
Published on :
17 Sep, 2021, 5:18 am

US steel maker Nucor Corporation has announced guidance for its third quarter ending October 2, 2021. Nucor expects third quarter earnings to be in the range of USD 7.30 to USD 7.40 per diluted share. Third quarter of 2021 earnings are expected to be the highest quarterly earnings in Nucor history, surpassing the previous record of USD 5.04 per diluted share set in the second quarter of 2021. All three operating segments continue to generate robust profitability as overall demand remains strong across most end-use markets. Earnings of the steel mills segment are expected to increase significantly in the third quarter of 2021 as compared to the second quarter of 2021, mainly driven by higher realized selling prices. We also expect the steel products segment to generate significantly increased earnings in the third quarter of 2021 due to margin expansion caused by higher average selling prices. The raw materials segment's earnings in the third quarter of 2021 are expected to be comparable to the second quarter of 2021, excluding an impairment charge recorded in the second quarter of 2021.

Nucor said “Our internal business units' forecasts suggest that our fourth quarter of 2021 results are likely to continue the trend of exceptional performance we have seen so far this year.”
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TMK Pilots SAP Based Production & Sales Planning System

Strategic Research Institute
Published on :
17 Sep, 2021, 5:20 am

Russian steel maker TMK has begun pilot operation of a production and sales planning system with a planning horizon of up to 18 months. Based on the SAP Integrated Business Planning solution, the project will streamline TMK’s key business areas to replace annual planning of sales and operations by rolling planning with monthly detailing. Units responsible for market analysis, sales, purchasing, production, logistics, and other value chain processes have access to the system. Each of them enters and regularly updates respective ongoing performance data, medium-term plans, requests, and analytical information in the database. The system analyses this data and uses a special algorithm to suggest improvements to planning to enhance engagements between units to the maximum. The system’s algorithm adapts to the strategic and tactical goals and objectives set by the Company’s management.

TMK has set up a dedicated unit to take maximum advantage of the solution. It will coordinate the work of employees in SAP IBP and use built-in tools to prepare monthly forecasts of the Company’s performance drawing on the accumulated data and relevant economic and production data.

The project implemented by SAP Services CIS experts was unique for the CIS metals industry in terms of its scope and the complexity of its supply chain. Integration of the solution with other SAP products (SAP Business Warehouse) will increase planning accuracy and provide tools for operational variance analysis in making management decisions.

The project was the first, high-level milestone in building an end-to-end Integrated Planning System at TMK. New modules will be added going forward, which will enable building a single order pipeline and corporate production program, allocate production orders across plants and shops, and schedule daily tasks.
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