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Russia Finalizes Mineral Extraction Tax

Strategic Research Institute
Published on :
24 Sep, 2021, 6:15 am

TASS reported that Russia’s S Finance Ministry and steel, metal & mining companies have agreed to increase mineral extraction taxes for the industry from 2022. According to the head of the Russian Union of Industrialists and Entrepreneurs Alexander Shokhin, at the meeting the authorities and companies managed to agree on the following rates: MET for ore at 4.8%, excise tax for liquid steel at 2.7%.

Earlier, the Finance Ministry proposed, in particular, to introduce an excise rate on liquid steel at the level of 3% of the average export price for steel slabs in the seaports of Russia located in the Southern Federal District for a calendar month. It was proposed to set the MET rate for iron ore at 5.5% and tie it to the price of ore on world markets. For coking coal, it was proposed to set the tax rate at 1.5% and also tie it to the price of raw materials.

The new measures are intended to eventually replace the increased export duties on a range of ferrous and non-ferrous product imposed for 1 August-31 December, which were expected to bring substantial losses to the country's major metallurgical producers.

Minerals Extraction Tax in Russia

- Taxpayers - Organisations and individual entrepreneurs recognised as users of subsoil

- Subject to tax - Extracted commercial minerals

- Tax base - Thetax base is the result of self assessment tax. It is established as the value of extracted minerals or as a multiple of the quantity of extracted minerals and a certain solid tax rate subject to a coefficient.

- Taxable period - Calendar month

- Tax rate - Determined for each type of exacted mineral

- Tax payment - Not later then the 25 th day of the month following the expired tax period
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Global Crude Steel Production Dips Further Aug’21 on Chinese Curbs

Strategic Research Institute
Published on :
24 Sep, 2021, 6:17 am

World Steel Association announced that global crude steel production for the 64 countries reporting to worldsteel was 156.8 million tonnes in August 2021, a 1.4%% YoY decrease as compared to August 2020. As a result, global crude steel production in January-August 2021 is up by 10.6% YoY to 1321.9 million tonnes

Top 10 Steel-Producing Countries

- China – 83.2 million tonne, down by 13.2% YoY & 733.0 million tonne in Jan-Aug, up by 5.3% YoY

- India - 9.9 million tonne, up by 8.2% YoY & 77.7 million tonne in Jan-Aug, up by 25.6% YoY

- Japan – 7.9 million tonne, up by 22.9% YoY & 64.0 million tonne in Jan-Aug, up by 17% YoY

- United States - 7.5 million tonne, up by 26.8% YoY & 57.1 million tonne in Jan-Aug, up by 19.5% YoY

- Russia - 6.3 million tonne, up by 4.4% YoY & 50.8 million tonne in Jan-Aug, up by 7.7% YoY

- South Korea - 6.1 million tonne, up by 6.2% YoY & 47.5 million tonne in Jan-Aug, up by 8.4% YoY

- Germany - 3.0 million tonne, up by 6.7% YoY & 26.7 million tonne in Jan-Aug, up by 17.4% YoY

- Turkey - 3.5 million tonne, up by 7.1% YoY & 26.6 million tonne in Jan-Aug, up by 16.7% YoY

- Brazil - 3.1 million tonne, up by 14.1% YoY & 24.1 million tonne in Jan-Aug, up by 20.9% YoY

- Iran - 2.5 million tonne, up by 8.7% YoY & 20.4 million tonne in Jan-Aug, up by 9.7% YoY

In million tonnes

Source – worldsteel

Crude Steel Production in Jan-Aug of 2021 by Region

- Africa – 10.6 million tonne, up by 30.3% YoY

- Asia and Oceania – 966.3 million tonne, up by 8.5% YoY

- CIS – 70.9 million tonne, up by 7.7% YoY

- EU (27) – 102.1 million tonne, up by 20.5% YoY

- Europe, Other – 33.9 million tonne, up by 15.5% YoY

- Middle East – 29.0 million tonne, up by 10.1% YoY

- North America – 78.8 million tonne, up by 19.2% YoY

- South America – 30.3 million tonne, up by 24.9% YoY

- Total 64 countries – 1321.9 million tonne, up by 10.6% YoY

In million tonnes

Source – worldsteel

The 64 countries included in this table accounted for approximately 98% of total world crude steel production in 2020. Regions and countries covered by the table:

Africa: Egypt, Libya, South Africa

Asia and Oceania: Australia, China, India, Japan, New Zealand, Pakistan, South Korea, Taiwan (China), Vietnam

CIS: Belarus, Kazakhstan, Moldova, Russia, Ukraine, Uzbekistan

European Union (27): Austria, Belgium, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden

Europe, Other: Bosnia-Herzegovina, Macedonia, Norway, Serbia, Turkey, United Kingdom

Middle East: Iran, Qatar, Saudi Arabia, United Arab Emirates

North America: Canada, Cuba, El Salvador, Guatemala, Mexico, United States

South America: Argentina, Brazil, Chile, Colombia, Ecuador, Paraguay, Peru, Uruguay, Venezuela
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China to Further Tighten Steel Production Curbs in Winter

Strategic Research Institute
Published on :
24 Sep, 2021, 6:21 am

Chinese government, which has already tamed the runaway steel industry by cutting crude steel production in August by more than 16 million tonnes as compared to highest ever record of 99.5 million tonnes in May, plans to further tighten pollution control regulations in coming months, which could result further reduction in steel production. For the 2021-2022 Winter, the government’s emphasis remains focused on lowering the particulate matter concentration of toxic air pollution PM2.5 and reducing the number of days that the central government officially categorizes as a heavy pollution day, especially during the 2022 Winter Olympics from 4 to 20 February 2022 in Beijing and towns in the neighbouring Hebei province

China’s Ministry of Ecology and Environment’s recently released draft plan intends to include more of the China’s northern, eastern, and central regions in its annual campaign to reduce air pollution during winter in about 65 cities or districts. Ministry of Ecology and Environment has added the northern parts of Hebei and Shanxi provinces in North China, the southern and eastern part of Shandong province in East China and southern regions of Henan in Central China to those parts of the country included in previous winter heating plans.

Production curtailment on steel mills remains a key part of this winter’s plan to fight air pollution, but a major difference this year is that this winter’s curbs will be more severe that from last year’s. Hebei, the largest steelmaking province in China, has so far still been the only province on track to its annual steel output target, led by strict cuts carried out in Tangshan city from March. Steel mills in Jiangsu, Shandong and Liaoning, the second, third and fourth largest steelmaking provinces in China, respectively, have gradually launched steel output cuts since the start of September.

Integrated steel mills categorized as “A”, indicating outstanding performance in environmental protection and electric arc furnace-based mills using 100% steel scrap as raw materials, will be permitted to scale down production at their own discretion to contribute to pollution reduction. However, they will need to ensure that their steel production over the October-March period is not higher on year

As for other steel producers, the severity of the output curbs imposed on them will be determined by their ranking of environmental performance. The lower the rank is, the higher the curbing ratio will be. For last winter, only the Qian’an steel works of Shougang Group in Hebei’s Tangshan city was awarded the top “A” ranking. All other major steelmakers were ranked “B”, “B-”, “C”, and “D”.

China has rolled out such campaigns every winter since 2017 as air pollution tends to be serious in the colder, northern parts of China over the period when coal fired central heating services to residential households are activated. The winter heating season generally runs from October 1 to the following March 31.
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Turkish rebar export quotes stable despite absent demand
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Turkish rebar producers have kept their export quotes mostly unchanged since last week despite the absence of demand in the global market.

Turkish mills’ official quotes stand mostly at $670-680/tonne fob Turkey actual weight.

A Turkish mill tells Kallanish: “There is literally zero demand. The market is on wait-and-see mode for both buyers and sellers. Although China has returned from the holiday with an upward trend, the market first wants to see stabilisation. Although the [Chinese real estate giant] Evergrande deal on Wednesday has settled nerves to some extent, it has not provided full relief.”

Turkish producers find no reason to decrease prices amid absent demand. However, they are seen to be ready for negotiations over firm bids.

Even major export markets such as Yemen and Israel are seen to have halted purchases this week.

Although Turkish mills had been expecting Asian demand to rebound, the Evergrande debt contagion issue is currently undermining these expectations.

No remarkable sales have been heard so far this week, with producers having seemingly already closed business for the week. “We are not expecting to see a change in demand this week. Things have to become clearer first, specifically with Evergrande,” says another mill.

The Evergrande issue, meanwhile, is expected to keep markets on edge for another couple of weeks, hampering business.

Following some sales in previous weeks, Turkish mills are continuing to receive inquiries about billet from North Africa. However, no fresh sale has been heard as buyers are bidding at much lower prices compared to Turkish offers.

In Turkey’s domestic market, the central bank’s announcement to decrease interest rates has surprised most market participants and caused the lira to weaken sharply against other currencies.

Due to the lira depreciation, mills have increased prices on a TRY basis. With the lira at 8.75 per dollar by close of business Thursday, Turkish mills’ domestic rebar prices were mostly at TRY 6,840-6,900/t ex-works, including VAT. Although the weakening of the lira caused stockist demand to improve slightly on Thursday, market instability and shortages of certain rebar sizes persist.

Besides poor demand arising from uncertainties, Turkish mills are seen struggling with higher energy costs – which are expected to increase further – and costlier freight prices. Their demand for scrap, consequently, remains poor.

Burcak Alpman Turkey
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Mechel Supplies Steel for Agricultural Plants in Tatarstan

By Strategic Research Institute on Sep 27, 2021 08:58 am

Mechel Group's metal trading company Mechel-Service has supplied over 600 tonnes of rolled metal for the construction of grain storage facilities and cowsheds for OOO Khuzangaevskoye in Tatarstan. Mechel-Service supplied for the construction of two cowsheds of 500 heads each with milking parlors, three calf houses of 300 heads each and four granaries of Khuzangaevskoye over 600 tonnes of rolled metal, mainly rebar, sheet metal and beams produced by the Chelyabinsk Metallurgical Plant. Channel and pipes were also supplied for the construction. The steel I-beam has a high load-bearing capacity with a low specific weight, its flanges distribute the load and reduce the risk of structural failure. For the production of an I-beam, carbon or low-alloy steel grades are used. Low alloy steel structures can also be used in northern sites in low temperature areas.

LLC Khuzangaevskoe is one of the largest agricultural companies in the Republic of Tatarstan. The main branches of its activity are crop growing, processing and sale of cereals, meat and dairy cattle breeding. Here they grow and process corn, sunflowers, millet, peas, oats and many other crops, as well as feed cattle for slaughter. The farm is a subdivision of the largest Mari meat producer Zvenigovsky.
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Nepal’s Steel Rerollers Protest over Import Duty on Steel Billets

By Strategic Research Institute on Sep 27, 2021 09:02 am

Republica Nepal reported that Nepal’s steel rerollers have slammed the government’s move to raise the taxes on the import of billet. Nepal Steel Rolling Mills Association Vice President & Proprietor of Saakha Steel Mr Kiran Prakash Saakha said “The government decision has marred two dozen iron rod manufacturers while benefiting just six factories. These factories could not compete in prices as their products have become expensive by NPR 8-10 a kg compared to the ones receiving benefits from the government. Apart from impacting a majority of the manufacturers in the segment, it will also adversely affect the revenue collection by the government.”

He added “The two dozen iron-billet based industries have been employing around 15,000 workers, which has been put to risk with the government's recent decision.”

Nepal government, citing the need to facilitate the domestic manufacturing industries, reduced the customs tax and excise duty on imported sponge iron to zero through the revised budget for the fiscal year 2021/22. Prior to the introduction of the substitution bill, the customs tax on imported sponge iron was NPR 4.75 per kilogram. Also, an excise duty of NPR 1.65 per KG was levied on the iron bars produced using such sponge iron. The new bill introduced by Sharma has removed both the sources of government revenue.

On the other hand, Nepal government has raised the duty on the import of iron billet to 4.75% while imposing additional NPT 2.65 excise duty on the imported raw material.
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GPH Ispat to Export 25,000 tonnes of Billet to China

By Strategic Research Institute on Sep 27, 2021 09:06 am

The Daily Star reported that Bangladesh’s GPH Ispat is going to export 25,000 tonnes of billet to China in what will be the biggest-ever outgoing shipment of steel by any Bangladeshi company. GPH Ispat said "It is the first time that a bulk cargo of billet will be exported from Bangladesh.”

GPH Ispat disclosure came a month after it expanded its annual billet production capacity from 2.1 lakh tonnes in 2018 to more than 10 lakh tonnes this year. GPH also increased its rod production capacity from 1.50 lakh tonnes in 2018 to 7.60 lakh tonnes in 2020.

GPH is the third biggest manufacturer of billet in Bangladesh after AKS and BSRM
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US’s Finished Steel Imports in Jan-Aug Surge by 27% YoY

By Strategic Research Institute on Sep 27, 2021 09:08 am

Based on preliminary Census Bureau data, the American Iron and Steel Institute reported that the US imported a total of 2.767 million net tons of steel in August 2021, including 2.102 million net tons of finished steel, down 10.1% and up 1.0%, respectively vs July data. Key finished steel products with a significant increase in imports in August compared to July are hot rolled sheets up 22%, sheets and strip hot dipped galvanized up 18% and mechanical tubing up 14%.

Through the first eight months of 2021, total and finished steel imports are 20.564 million net tons and 14.209 million net tons, up 25.5% and 26.9%, respectively YoY. Finished steel import market share was an estimated 21% in August and is estimated at 20% over the first eight months of 2021. Products with a significant year-to-date YTD increase vs. the same period in 2020 were hot rolled sheets up 94%, plates in coils up 67%, sheets and strip all other metallic coatings up 50%, wire rods up 46%, cut lengths plates up 45%, heavy structural shapes up 27%, wire drawn up 23%, hot rolled bars up 22%, sheets and strip hot dipped galvanized up 19%, cold rolled sheets up 18%, tin plate up 14% and oil country goods up 14%.

Annualized total and finished steel imports in 2021 would be 30.8 million net tons and 21.3 million net tons, up 40.1% and 32.1%, respectively, vs 2020.

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SAIL BSL & IIT Kanpur Sign MoU for Research Opportunities

By Strategic Research Institute on Sep 27, 2021 09:11 am

Steel Authority of India Limited’s Bokaro Steel Plant and IIT Kanpur have signed a Memorandum of Understanding to explore and pursue joint research opportunities in the areas of steel making and digital transformation. MoU will prove useful in joint research and development project in various areas of steel plant including environment and safety.

The joint effort of Bokaro Steel Plant and IIT Kanpur will help BSL in its digital transformation journey, as well as best practices using Industry 4.0 technologies in the areas of Plant Operations, Maintenance and Supply Chain.

Both the sides would benefit from the synergy of the vast practical experience of Steel Authority of India Limited’s Bokaro Steel Plant engineers and the rich knowledge of experts from IIT Kanpur.

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Indiana Pitches for Proposed Steel Mills by US Steel & Nucor

By Strategic Research Institute on Sep 27, 2021 09:15 am

Local media reported that Republican member of the Pennsylvania State Senate Mr Joe Pittman is encouraging Pennsylvania’s Governor Mr Tom Wolf to lobby and aggressively promote the Indiana and Armstrong County region as a place where US Steel could put two new steel mills. In a letter to Governor Wolf, Mr Pittman said he wanted to see a strong bipartisan effort to bring the mills to the area he represents. The letter said that “Securing these projects for development in Indiana and Armstrong Counties” would go a very long way in replacing the family sustaining wages and property taxes lost as a result of RGGI.”

US Steel has announced plans to build a 3 million tonne steel mini mill in the United States. Meanwhile, Nucor Corporation has also announced that they want to build a USD 2.7 billion mill, with potential locations in Pennsylvania, Ohio and West Virginia.

Peoples representatives from various states are pitching for bring investments to their area. Pennsylvania State’s Johnstown Representative Republican Mr Jim Rigby also told US Steel “Look, we are here for you and support it. We’d like you to consider us.’ We’ve got the land. I’d like to say we’ve got the work force. We are hurting for jobs. These will be good, union, family-sustaining jobs. We need that in our area.”
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40 Workers Injured Explosion at Nyakato Steel Mill in Tanzania

By Strategic Research Institute on Sep 27, 2021 09:21 am

According to media reports, at least 40 employees of Nyakato Steel Mill in Mwanza city in North Tanzania were injured on Friday afternoon following an explosion. The injured workers were rushed to the Sekou Toure regional referral Hospital for treatment and 7 victims are in serious condition.

Police has launched an investigation to establish the cause of the explosion.
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Vietnam Likely to Turn Net Steel Exporter in 2021

By Strategic Research Institute on Sep 27, 2021 09:24 am

Vietnam News reported that Vietnam is expected to become a net exporting country of steel by end-2021 after decades of dependence on imported steel from China. Vietnam’s exports of iron and steel reached 1.53 million tonnes with a value of nearly USD 1.5 billion in August, marking the month with the highest export value of those products. According to the General Department of Customs, it was the second consecutive month that the products exceeded the export value of USD 1 billion. The department calculated the exports in August increased 33.8% in volume and 35.2% in value from July, adding that compared to August 2020, the export value was 2.5 times higher.

During January-August 2021, Vietnam exported 8.54 million tonnes of steel with a value of nearly USD 7.1 billion, increasing by 43.4% in volume and 127% in value over the same period last year. The products were exported to ASEAN with 2.7 million tonnes, approximately the export level of the same period last year and China with 1.8 million tonnes, down 13.2 %. Meanwhile, exports to the EU and US markets increased significantly. Specifically, exports to the EU reached 1.43 million tonnes, up 7.5 times; and those to the US reached 540,000 tonnes, up four times over the same period last year.

Vietnam Steel Association said the strongest growth item in exports was hot rolled steel, seeing an increase of 145% over the same period in 2020, thanks to Formosa's boost in exports, followed by galvanised sheet with a growth of 115%. Cold rolled steel exports increased by 45% and construction steel exports increased by 27%, only steel pipes decreased, by almost 10%

At the same time, Vietnam imported USD 7.73 billion of steel in January-August 2021, up 42.6% in value over the same period in 2020.
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Steel Minister Announces Plans for Steel Stockyard in Tripura SEZ

By Strategic Research Institute on Sep 27, 2021 09:29 am

East Mojo reported that India’s Steel Minister Mr Ram Chandra Prasad Singh announced plans to set up a steel stockyard at Sabroom in Tripura. Mr Singh said that “Tripura is going to be the gateway to the north-east in terms of clearance for use of Chittagong port in Bangladesh and establishment of Agartala-Akhaura rail link. The Agartala-Akhaura rail link will be further expanded because it will be possible to transport goods from West Bengal in a very short time and at low cost.”

He said “Various construction works are closed during the monsoon season. Therefore, the need for stockyards has increased to avoid any kind of obstruction in the work. There were plans to build a stockyard to store steel in the Sabroom. Further discussions with ministry officials will ensure the construction of a stockyard in Sabroom.”

The SEZ is being set up at an estimated cost of INR 635.5 crore at Paschim Jalefa village in Sabroom under South Tripura district with the approval of Ministry of Commerce and Industries after the NITI Aayog recommended setting up the SEZ for agro-based food processing, rubber, bamboo and textiles sectors.
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Chhattisgarh High Court Puts Auction of Dantewada Mine on Hold

By Strategic Research Institute on Sep 27, 2021 09:32 am

Chhattisgarh High Court has ordered to put on hold fresh auction of the iron mine in Kamalpur village in Dantewada district of Chhattisgarh. Chhattisgarh High Court division bench comprising Acting Chief Justice Prashant Kumar Mishra and Justice Rajani Dubey directed that no third-party rights could be created on the mine in question and placed its auction on hold. The bench said “On the said date, this Court shall hear petitioner’s prayer for the interim relief. However, in the meanwhile, it is observed that the proceeding for leasing out the subject mining area under the subject Notice Inviting Tender shall remain subject to the final outcome of the writ petition.”

Jindal Steel and Power Limited had sought the judicial intervention in the matter as it had acquired the mining lease and made investments to execute the prospecting licence. But the Chhattisgarh government announced the mine’s auction all over again by invoking the 2021 amendment to Mines and Minerals Amendment Act, 2015. This effectively meant that JSPL is expected to go through the bidding route if it intended to acquire the rights of the iron ore mine in Dantewada.

In a writ petition filed by Neco Jaiswal, the same Bench of the high court ordered on 16 September, “The proceedings for leasing out the subject mining area shall remain subject to the final outcome of the writ petition.”

Both petitions would come up for hearing next on 6 October.
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Labour Party Unveils Green Plan for British Steel Industry

By Strategic Research Institute on Sep 27, 2021 09:36 am

UK’s Opposition Labour Party’s Shadow Business Secretary Mr Ed Miliband has unveiled GBP 3 billion investment plans over the coming decade to decarbonize UK’s steel industry at the party’s Brighton conference where shadow ministers are setting out a policy programme to take on UK Prime Minister Mr Boris Johnson. He pointed to similar plans unveiled by US president Mr Joe Biden which are designed to future-proof heavy industry while meeting climate targets.

Mr Miliband said the party would deliver on a green new deal but moved to assure unions the transition to a cleaner economy would not mean the decline of manufacturing jobs. He said ‘About workers in oil and gas. Let me say to those people, including in this hall, I get your worries. I grew up in the 1980s. I am an MP in Doncaster, a former mining constituency. We remember what the Tories did. I know our responsibility, this climate transition must leave no worker, no family, no community behind.”

He also took aim at Mr Boris Johnson’s remarks in August that Ms Margaret Thatcher closing the mines aided in lowering carbon emissions, saying ‘Let’s lay to rest the idea that these Tories can somehow manage a just or fair green transition. A couple of months back, Boris Johnson was challenged on Tory credentials on climate change.”

Whilst Governments around the world are committing to their domestic industries with long-term strategic investment in green steel production, the Conservatives have failed to invest in the transition, have attempted to weaken safeguards that protected our steelmakers from being undercut by cheap steel imports, and have splashed tens of millions on imported steel to build British schools and hospitals.

Labour’s plan to back the industry would support businesses, workers, and unions together to put UK steel at the heart of national industrial strategy.
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10 Firms Shortlists for Transaction & Legal Advisor for RINL Sale

By Strategic Research Institute on Sep 27, 2021 09:38 am

Indian Government’s Finance Ministry’s Department of Investment and Public Asset Management has shortlisted five firms each for selection as transaction advisors and as legal advisors to the government for its 100% stake sale in Rashtriya Ispat Nigam Limited. The selected firms are required to make presentations on their technical proposal before DIPAM's selection committee this week. The presentations shall be made in virtual mode through video conference. At the time of opening of Financial Bids only those bidders would be invited to join web room again who attain lire minimum qualifying marks in the technical criteria.

The transaction advisor would be required to provide advisory services and managing the strategic disinvestment of the government's stake in Vizag steels and RINL's stake in its subsidiaries and joint ventures.

- Ernst & Young LLP

- SBI Capital Markets

- Deloitte Touche Tohmatsu India LLP

- JM Financial Ltd

- RBSA Capital Advisers LLP

The legal advisor would be required to carry out due diligence for RINL as well as its subsidiaries and joint ventures, limited to review of legal contracts, title of property assets & real estate, intellectual property rights, bilateral rights, slots, leases, intangible assets, loan agreements, and contracts with employees etc to assist the Transaction Advisor in determining the final equity value

- Chandhiok & Mahajan, New Delhi

- Economic l.aws Practice, Mumbai

- J Sagar Associates, Gurugram

- Kochhar & Company, New Delhi

- Link Legal, New Delhi

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OECD Warns of Sharp Downturns when Steel Demand Loses Momentum

By Strategic Research Institute on Sep 27, 2021 09:40 am

The OECD Steel Committee met last week to discuss the state of steel market conditions in the industry and held in-depth discussions regarding the global steel market situation and its outlook. The Committee expressed concerns that the significant and persistent non-market structural overcapacity, with recent indicators showing an estimated global capacity-production gap of 478 million metric tonnes in 2021, may trigger sharp downturns in the future when steel demand growth loses momentum. The Committee discussed policy approaches to ensure a level playing field for a healthy global steel industry as market-distorting government interventions have been feeding much of the additions to capacity in many economies.

Global steel demand is expected to recover in 2021 from the slump of 2020, but global growth expectations are currently less buoyant as compared to this spring reflecting weaker prospects in China and several other emerging markets. A number of risks weigh on the outlook. Excess capacity remains high and steel demand growth is expected to remain modest in the long term. Reigning in growing global excess capacity driven by harmful government interventions, such as government subsidies and investment policies remains a key priority. Those structural risks should be addressed urgently, as they could lead to a severe market downturn when steel demand growth begins to moderate from the current post-pandemic recovery phase. In this context, the Steel Committee recognised that the work of Global Forum on Steel Excess Capacity is as relevant as ever, and welcomed the upcoming GFSEC Ministerial Meeting to be held on 1 October.

The latest available data from the OECD show that global steelmaking capacity could increase from 2452.7 million tonne in 2020 to 2485.8 million tonne in 2021, following growth in capacity which began in 2019. Delegates expressed their concerns that current OECD data on investments show that as much as 55.6 million tonne of steelmaking capacity are in the planning stages for the next three years (2022-24), while 47.9 million tonne are currently underway for completion. This is the case particularly for the Middle East and some Asian emerging market economies. The Committee was concerned that some of these new capacity projects are funded by overseas investments, many of which are publicly supported and assisted investments driven more by policy considerations than market forces. In this context, the Committee underscored the need to engage with all relevant stakeholders to foster a better understanding of those developments and address their risks, reiterating the need for all jurisdictions to allow market principles and forces to drive steel investment to ensure a balanced and sustainable growth of the steel industry worldwide.

The Committee advanced work to build a comprehensive database for subsidies and government support measures provided to steel firms that paves the way for evidence-based analyses and policy recommendations.

The Committee also advanced its work on state-owned enterprises and their role in world steel markets, and reviewed new analytical work aimed at developing a framework for identifying suspicious patterns of trade consistent with circumvention and other schemes designed to undermine trade measures on steel products.

Working with over 100 countries, the OECD is a global policy forum that promotes policies to preserve individual liberty and improve the economic and social well-being of people around the world. The OECD Steel Committee has 25 members Austria, Belgium, Canada, the Czech Republic, Finland, France, Germany, Hungary, Italy, Japan, Korea, Luxembourg, Mexico, the Netherlands, Poland, Portugal, the Slovak Republic, Slovenia, Spain, Sweden, Switzerland, Turkey, the UK, the US and the EU. In addition, five associates (Brazil, Kazakhstan, Romania, Russia and Ukraine) and seven participants (Argentina, Bulgaria, Egypt, India, Malaysia, South Africa and Chinese Taipei) bring their perspectives to the Committee’s work. A number of other economies also participate in some Steel Committee meetings as invitees.
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EIB Grants Loan to ArcelorMittal for Steel Decarbonisation R&D

By Strategic Research Institute on Sep 28, 2021 09:29 am

EUR 280 million loans granted to ArcelorMittal by the European Investment Bank will help to fund the group’s European research and development programme between 2021 and 2023. This major funding initiative aims to support ArcelorMittal’s research activities and the associated capital expenditure in the field of environmental, climate and energy projects. It will help the group to reach its ambitious climate action goals and thus to reduce the environmental footprint of its manufacturing facilities, steel products and technological solutions. ArcelorMittal Europe has committed to reducing CO2e emissions intensity by 35% by 2030, with ArcelorMittal Group having set a 2050 net-zero emissions target.

New products, process improvements and technical solutions are expected to bring significant positive environmental results in terms of direct and indirect greenhouse gas emissions reductions.

The research and development activities supported through the new investment will be carried out primarily in ArcelorMittal’s existing R&D facilities in France, Belgium, Luxembourg and Spain.

This partnership between the European Investment Bank and ArcelorMittal is backed by the European Fund for Strategic Investments, the central pillar of the Investment Plan for Europe. In general, at least 40% of EFSI infrastructure and innovation projects aim to contribute to climate action in line with the Paris Agreement. This project will also contribute to EU industry’s leadership as a provider of high-tech steel grades, products and solutions.

In 2017, ArcelorMittal Group and the European Investment Bank signed a financing agreement for EUR 350 million, supported by the Investment Plan for Europe, to help to fund the group’s European research and development programme between 2017 and 2020. In 2020, the European Investment Bank granted EUR 75 million loans to ArcelorMittal supported by InnovFin Energy Demonstration projects and financed under Horizon 2020 and the NER 300 funding programme of the European Commission. The funding supported ArcelorMittal Group’s research and development activities and associated capital expenditure in various fields

- Innovative casting technologies

- Circular economy and CO2 reduction

- Alternative coatings to replace Chromium 6

- New rolling technologies for energy reduction

- Blast furnace decarbonisation

- Additive manufacturing for steel applications

- Development of innovative high strength steels for automotive

- Development of low loss electrical steel to improve engines’ energy retention

- Substrates and coatings for global energy transition applications (solar, windmills, etc.)
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MMK Metalurji Turkey Orders Roll Coating System from Danieli

By Strategic Research Institute on Sep 28, 2021 08:54 am

Russian steel maker MMK Metalurji has ordered new Danieli Service chemical roll-coaters for its two hot-dip galvanizing lines in Dörtyol and Istanbul in Turkey. The upgrading, featuring DanCoaters installed in an horizontal configuration and related controls, resulted in improved control for accuracy and repeatability of the coating thickness, saving coating material and reducing scrap. DanCoaters are equipped with an efficient system that provides full, continuous control of position and pressure, as well as the other coating parameters (such as roll speed), thus allowing a specific paint thickness to be applied evenly across the strip surface.

The new design also can be retrofitted to most manufacturers’ older machines, with minimal impact to production and downtime.

DanCoaters are designed to meet safety requirements while maintaining full equipment operation: nip feed guards, carters, safety switches, pins, foot walks, handrails, safety interlocks, etc., are designed in conjunction with the final customer’s needs in order to minimize potential hazards.

Danieli Service advisory and MMK maintenance teams executed the job during a maintenance shutdown thanks to accurate planning and a plug and work package.
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US Steel Production Capacity Improves in Week 38

By Strategic Research Institute on Sep 28, 2021 08:57 am

American Iron & Steel Institute announced that in the week ending on September 25, 2021, US’s domestic raw steel production was 1,880,000 net tons while the capability utilization rate was 85.2 percent. Production was 1,537,000 net tons in the week ending September 25, 2020 while the capability utilization then was 68.6 percent. The current week production represents a 22.3 percent increase from the same period in the previous year. Production for the week ending September 25, 2021 is up 0.3 percent from the previous week ending September 18, 2021 when production was 1,874,000 net tons and the rate of capability utilization was 84.9 percent.

Adjusted year-to-date production through September 25, 2021 was 69,540,000 net tons, at a capability utilization rate of 81.0 percent. That is up 20.2 percent from the 57,841,000 net tons during the same period last year, when the capability utilization rate was 66.8 percent.

Broken down by districts, here’s production for the week ending September 25, 2021 in thousands of net tons: North East: 172; Great Lakes: 650; Midwest: 202; Southern: 786 and Western: 70 for a total of 1880.
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