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1. voda 15 oktober 2021 07:52

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   India & Russia Sign MoU on Collaboration in Coking Coal
   
   Strategic Research Institute
   Published on :
   15 Oct, 2021, 6:18 am
   
   India’s Union Minister of Steel Mr Ram Chandra Prasad Singh met with Russian Federation’s Minister of Energy Mr Nikolay Shulginov in Moscow during the Russian Energy Week. A landmark Memorandum of Understanding regarding collaboration in coking coal used in steel making and R&D in steel sector was signed between the two countries. This MoU envisages implementation of joint projects/ commercial activities in coking coal, including long-term supplies of high-quality coking coal to India, development of coking coal deposits and logistics development, sharing of experience in coking coal production management, technologies of mining, beneficiation and processing as well as training.
   
   During their meeting, the two leaders discussed opportunities of collaboration in coking coal in steel sector.
   
   The Steel Minister will also meet with several leading Russian steel institutes and companies during his two-day visit to Moscow.
2. voda 15 oktober 2021 07:52

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   BHP & POSCO Ink MoU to Explore Decarbonised Steelmaking
   
   Strategic Research Institute
   Published on :
   15 Oct, 2021, 6:21 am
   
   Australian iron ore giant BHP and South Korea’s steel maker POSCO has signed a Memorandum of Understanding to jointly explore greenhouse gas emissions reduction technologies in integrated steelmaking. As part of the MoU, the parties intend to undertake pilot and plant trials to lower carbon in the steelmaking process, including optimising coke quality and assessing carbon capture storage and utilisation options to lower carbon intensity in the blast furnace. POSCO and BHP also intend to share research on hydrogen-based direct reduction technology, the use of biomass in steelmaking, as well as the potential to leverage BHP’s carbon offsetting capabilities in the development of carbon neutral steel products.
   
   BHP intends to invest up to USD 10 million over the next five years under the MoU, with the opportunity to increase investment in technologies under the trial. BHP’s investment will be drawn from its USD 400 million Climate Investment Program, announced in 2019 to support projects, partnerships, research and development to help reduce Scopes 1, 2 and 3 emissions.
   
   Importantly, BHP and POSCO also intend to collaborate on the reporting of carbon emissions through the steel value chain to further progress consistent, transparent and robust global standards.
   
   The MoU with POSCO follows BHP’s earlier partnerships established with major steelmakers China Baowu, JFE Steel and HBIS Group to explore emissions reduction from steelmaking. The combined output of the four steel companies equates to around 12 per cent of reported global steel production.
3. voda 15 oktober 2021 07:54

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   Nippon Steel Files CRNGO Patent Lawsuit against BaoSteel & Toyota
   
   Strategic Research Institute
   Published on :
   15 Oct, 2021, 6:24 am
   
   Nippon Steel Corporation has filed lawsuits seeking compensatory damages before Tokyo District Court against Baoshan Iron & Steel Co Ltd and Toyota Motor Corporation alleging their infringement of Nippon Steel’s patent relating to non oriented electrical steel sheets. In addition, Nippon Steel has filed a petition for a preliminary injunction before Tokyo District Court prohibiting Toyota from manufacturing and selling motor-driven vehicles.
   
   Lawsuit against Baosteel
   
   1) Claims: Compensation for damages of approx. JPY 20 billion
   
   2) Court of Filing: Tokyo District Court
   
   3) Filing Date: October 14, 2021
   
   Lawsuit against Toyota
   
   1) Claims: Compensation for damages of approx. JPY 20 billion
   
   2) Court of Filing: Tokyo District Court
   
   3) Filing Date: October 14, 2021
   
   Petition for Preliminary Injunction Prohibiting Manufacturing and Selling Motor-driven Vehicles
   
   1) Claims: Prohibition of manufacturing and selling motor-driven vehicles equipped with motors using non-oriented electrical steel sheets infringing Nippon Steel’s patent
   
   2) Court of Petition: Tokyo District Court
   
   3) Petition Date: October 14, 2021
   
   Nippon Steel conducted discussions with each of Baosteel and Toyota based on its belief that its patent relating to non-oriented electrical steel sheets, which are indispensable materials for automobile electrification, has been infringed; however, Nippon Steel was unable to reach a resolution of the matter. Nippon Steel is taking these legal actions to protect its intellectual property rights on the alleged products.
   
   Baoshan Iron & Steel Co Ltd said that it does not agree with Nippon Steel’s claims that it infringed patents. Baosteel said “It had repeatedly approached Nippon Steel about the claim and was rebuffed. It had strictly followed regulations and would actively respond to the lawsuits and firmly defend its rights and interests.”
   
   Toyota Motors said “Toyota’s view is that such matters should be discussed between material manufacturers, and we have learned of this lawsuit with great regret. In our dealings with various material manufacturers, our company implements on each occasion a careful process of confirming with them that there are no patent conflicts. Concerning the electromagnetic steel sheets manufactured by Baoshan Iron & Steel Co Ltd, as well, we confirmed that there was no infringement of another company’s patent before concluding a contract. We also received a written statement from Baosteel to that effect. Because Nippon Steel mentioned to us its concerns, we confirmed again with Baosteel, which, in turn, expressed its view to us that there was no patent infringement. It is again with great regret that we have learned that Nippon Steel, which has supported the Japanese automobile industry and our company’s automobile manufacturing for many years and is an important business partner of ours, decided to file such a lawsuit against us, as we are a material user.”
   
   Non-oriented electrical steel sheets are a High-Functionality Material with significantly enhanced magnetic properties, which are realized by undergoing a special manufacturing process. Electrical steel sheet is widely used in daily life as iron cores for electric generators in power plants, electrical products, motor-driven vehicles, and vibration motors in mobile phones. Non-oriented electrical steel sheets are steel products crystal orientation of which is precisely controlled so as to demonstrate isotropic in-plane magnetic properties. They are widely used in the iron cores of rotating machines such as motors.
4. voda 15 oktober 2021 07:54

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   Strike Continues in South Africa as NUMSA Rejects Revised Offer
   
   Strategic Research Institute
   Published on :
   15 Oct, 2021, 6:27 am
   
   South Africa's biggest engineering union National Union of Metalworkers of South Africa has rejected a new wage offer as a national strike. NUMSA said while there was broad agreement on a new three-year deal with SEIFSA, a key stumbling block on rates of pay remained. NUMSA said “With SEIFSA refusing to give this 6% increase on actual rates of pay, and with conservative employer associations refusing to bargain, we have been left with no option but to continue to strike until there is a settlement offer.”
   
   National Union of Metalworkers of South Africa Secretary General Mr Irvin Jim credited the Steel and Engineering Industry Federation of South Africa for approaching the union with an offer of 6% in the first year, but slammed the National Employers' Association of South Africa and the South African Engineering and Founders' Association for not engaging the union since the beginning of the strike. Mr Jim said when Seifsa revised their 4% offer to a 6% increase for the first year, this must be applied according to the rates each employee is at, as opposed to the minimum earning category.
   
   Steel and Engineering Industries Federation of Southern Africa CEO Mr Lucio Trentini said “Regrettably at the conclusion of last night's meeting we can report that we do not have an agreement. We will regroup and plot the way forward. The revised and improved offer has been rejected.”
   
   The National Union of Metalworkers of South Africa, with around 155,000 members organised in the sector, have been on strike since October 5 to press for higher wages. The strike was launched after wage talks hit a deadlock and arbitration failed, with NUMSA demanding an 8% across-the-board wage rise in the first year, and inflation plus 2% for the second and third years. SEIFSA had offered 4.4% for 2021, inflation plus 0.5% in 2022 and inflation plus 1% in the third year.
5. voda 18 oktober 2021 07:20

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   Metalloinvest to Build Second Ball Rolling Facility at OEMK
   
   Strategic Research Institute
   Published on :
   18 Oct, 2021, 5:33 am
   
   Leading Russian iron ore miner and HBI & steel producer Metalloinvest has signed an agreement with EZTM for the supply of equipment for the construction of a second ball rolling facility at Alexey Ugarov OEMK. The annual production capacity of the new ball rolling facility BRF 2 is projected to be around 73,000 tonnes of rolled steel grinding balls with diameters of 20, 40 and 60 mm and of hardness groups 4-5.
   
   Metalloinvest's investment in the project will amount to over 1.7 billion roubles and will create 126 new jobs. The facility is scheduled to become operational in November 2023.
   
   The new facility will supplement OEMK's existing capacity. BRF 1, launched in 2020, produces balls with diameters of 100 and 120 mm. Additionally, it has the capacity to produce 90 mm balls and is considering introducing the production of 80 mm balls. By the end of the year, the enterprise plans to produce about 46,000 tonnes of balls.
   
   Grinding balls are used for crushing ore in ball mills at mining and processing enterprises. The use of balls of varying diameters and hardness groups makes it possible to produce raw materials across a range of grinds, from coarse to fine fractions.

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6. voda 18 oktober 2021 07:21

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   US Steel Shipments in August up 29% YoY
   
   Strategic Research Institute
   Published on :
   18 Oct, 2021, 5:37 am
   
   The American Iron and Steel Institute reported that for the month of August 2021, US steel mills shipped 8,404,858 net tons, a 28.7 percent increase from the 6,532,652 net tons shipped in August 2020. Shipments were up 1.5 percent from the 8,278,863 net tons shipped in the previous month, July 2021. Shipments year-to-date in 2021 are 62,653,597 net tons, a 16.5 percent increase vs. 2020 shipments of 53,786,455 for eight months.
   
   A comparison of shipments year-to-date in 2021 to the first eight 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 11 percent.
7. voda 18 oktober 2021 07:22

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   Vallourec’s VAM 21 Connection Qualifies for Hydrogen Storage Wells
   
   Strategic Research Institute
   Published on :
   18 Oct, 2021, 5:43 am
   
   Seamless pipe maker Vallourec announced that the first full scale qualification testing has been successfully performed on Vallourec’s most advanced connection VAM 21 validating its hydrogen-tightness capability and its suitability for hydrogen storage operations. A team of Vallourec experts worked to develop the testing methods and associated means to carry out a sequence of tests on the VAM 21 connection to test its sealability with 100% hydrogen gas mixture. The outcome of these tests showed that VAM 21 presented zero leaks proving its tight sealability to hydrogen.
   
   This important milestone sets a reference in the industry, allowing Vallourec’s customers to safely deploy their hydrogen projects.
   
   Hydrogen storage is arising as a new relevant technology to store energy. As with any new technology, it comes with new challenges related to infrastructure integrity and with the need to have adapted qualification methodologies. In the absence of an industry standard, Vallourec is proposing to its customers a fit-for-purpose connection qualification protocol for hydrogen projects.
   
   Existing connection qualification standards for the OCTG industry (ISO 13679/ API 5C5) have been found to be not fully relevant to validate connections for hydrogen storage applications. For instance, due to the size of the hydrogen molecule, it is more prone to leakage than other gases already used in connection testing. This means that a specific leakage assessment is also necessary along with suitable testing sequences.

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8. voda 18 oktober 2021 07:22

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   Interpipe Appoints Mr Varnavskyi as Environmental Director
   
   Strategic Research Institute
   Published on :
   18 Oct, 2021, 5:46 am
   
   Ukrainian producer of steel pipes and railway wheels products Interpipe announced the appointment of Mr Vladyslav Varnavskyi as environmental director effective from October 6, 2021. Mr Vladyslav Varnavskyi has been working in environmental management at large industrial companies for over 15 years.
   
   Previously, since 2012, Mr Vladislav led environmental protection department at Metinvest Holding responsible for the performance of environmental divisions at production units, internal environmental audit and monitoring of CO2 emissions, compliance with applicable legislative requirements, and interaction with state environmental authorities at the national and regional level. His competence also included the environmental assessment of investment projects and implementation of up-to-date environmental technologies at production units.
   
   Moreover, Mr Varnavskyi worked in the cement and oilc & gas industry: public enterprise Naukanaftogaz, HeidelbergCement Ukraine and Ukrnafta. As an environmental expert, he participated in joint projects of UNIDO, OSCE, and other international organizations.
   
   Being an environmentalist by education, Vladislav also completed a corporate MBA program in 2012.
9. voda 18 oktober 2021 07:22

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   Orsted Partners with Crystal Steel for Wind Farms Fabrication
   
   Strategic Research Institute
   Published on :
   18 Oct, 2021, 5:48 am
   
   Danish multinational power company Orsted has selected Maryland's Crystal Steel Fabricators for a major offshore wind steel fabrication center in Caroline county in Vergenia in US. Maryand Governor Mr Larry Hogan tweeted “Today we celebrated the partnership between @OrstedUS and Crystal Steel to establish Maryland’s first offshore wind-steel fabrication center. Offshore wind presents an opportunity to grow our economy and energy portfolio with significant job creation potential.”
   
   Fabricators are responsible for making many of the structures needed for projects like the wind farm. As a result of this partnership, crystal steel will increase its workforce by nearly a third. Crystal Steel says it will begin construction activity on the new facilities this month. Production is expected to be starting in a year and a half.
   
   This is just Ørsted's latest project on the Eastern Shore. In early October the company announced it will construct Maryland's first emissions-free offshore wind operations and maintenance facility in West Ocean City.
10. voda 18 oktober 2021 07:26

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    Severstal to Supply Steel for HyperoopTT Pilot Project
    
    By Strategic Research Institute on Oct 18, 2021 05:55 am
    
    Russian steel maker Severstal and leading developer of high-speed transportation Hyperloop Transportation Technologies Inc have signed an agreement to supply steel for the construction of the first commercial prototype of the hyperloop transportation system. Severstal will become the main supplier of steel for the construction of the first five kilometres of a full-size commercial transport system that will serve as a safety certification center for HyperloopTT. This step will be decisive in the creation of a new generation of intercity transport systems around the world. The final construction location of the first kilometres of the system is expected to be announced shortly.
    
    HyperloopTT is an innovative transport and technology company focused on the implementation of hyperloop technology, a public transport system that uses steel sealed pipes with a pressure close to vacuum and allows transport capsules inside them to move passengers and goods at speeds up to 1223 km per hour.
    
    Being the most metal-intensive transport infrastructure, hyperloop can not only change the market of the global transport system, but also significantly affect the metallurgy market. One kilometer of the transport system of the future consumes more than five thousand tonnes of steel, and the volume of annual consumption of steel under construction projects in the 2030s is estimated at 20 million tonnes per year.
    
    

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11. voda 18 oktober 2021 07:28

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    Tenaris to Sell Geneva Structural Tubes to Maruichi‘s MKK USA
    
    By Strategic Research Institute on Oct 18, 2021 05:53 am
    
    Seamless pipe maker Tenaris has entered into a definitive agreement with MKK USA Inc, a subsidiary of Maruichi Steel Tube Ltd of Japan, for the sale of its structural pipe business in the United States via the transfer of 100% ownership of its wholly owned subsidiary Geneva Structural Tubes LLC, for USD 15 million on a cash free, debt free basis, adjusted for working capital variation at closing. The business manufactures and sells square and rectangular welded steel pipe for structural applications from its plant located in Geneva in Nebraska.
    
    The transaction is expected to close by October 31, 2021.
12. voda 18 oktober 2021 07:29

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    Steel Dynamics to Acquire a 45% Stake in New Process Steel
    
    By Strategic Research Institute on Oct 18, 2021 05:55 am
    
    US steel maker Steel Dynamics Inc has entered into a definitive agreement to acquire a minority equity interest in New Process Steel LP. New Process Steel is a metals solutions and distribution supply-chain management company headquartered in Houston in Texas, with a focus toward growing its value-added manufacturing applications. New Process Steel has two manufacturing locations in Mexico and four manufacturing locations in the US, two of which are located at Steel Dynamics' Butler and Columbus Flat Roll Steel divisions.
    
    New Process Steel was purchased in 1952 by Gene Fant, the father of New Process' current Chief Executive Officer, Richard Fant. Richard Fant has significantly grown, modernized, and diversified New Process during his over 25-year tenure as CEO. He will independently operate New Process as the majority 55 percent equity holder, making all business decisions in the normal course of operations, including steel purchasing and customer supply decisions. New Process employs approximately 950 individuals and is currently Steel Dynamics' single largest flat roll steel customer.
    
    This transaction is subject to customary closing conditions and receipt of regulatory approvals. JP Morgan acted as financial advisor to Steel Dynamics on the transaction.
13. voda 18 oktober 2021 07:36

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    UK’s Serious Fraud Office Ends Probe into Speciality Steel
    
    By Strategic Research Institute on Oct 18, 2021 05:58 am
    
    UK’s Serious Fraud Office has closed its near six year investigation into Speciality Steels without bringing any charges. Serious Fraud Office spokesperson said “There is a high bar for the SFO to charge individuals or companies with a criminal offense and we will close cases where it is not in the public interest for us to continue with our investigation.”
    
    Investigation into Speciality Steels began in 2016 after a lapse in procedures at the steelmaker was discovered through an internal audit. At the time, it was owned by Tata Steel, , which subsequently sold it to GFG’s Liberty for GBP 100 million in 2017.
    
    Speciality Steels, which produces steel components for the aerospace and energy industry in UK
    
    The investigation is separate to the SFO’s current probe into GFG, which was announced in May. That relates to suspicions of fraud and money laundering, and is also investigating GFG’s financing arrangements with Greensill Capital UK Ltd.
14. voda 18 oktober 2021 07:36

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    Thai Steel Industry is Recovering from COVID19 Slowdown
    
    By Strategic Research Institute on Oct 18, 2021 06:00 am
    
    Federation of Thai Industries Iron and Steel Industry Club Chairman Mr Nava Chantanasurakon last week said that steel consumption in Thailand the first eight months this year rose by 18% YoY to 13.1 million tonnes, an increase of 14% in domestic production and an increase of 23% in imports despite the Covid-19 impact. He said “Demand from state infrastructure development projects fuelled the growth, though steel consumption from private investment projects and construction work declined, with the impact clearly seen from the end of June to the end of July, when construction workers' camps were shut down to contain Covid-19 outbreaks. The recovery of the automotive industry also benefitted the steel and iron industry.”
    
    It is expected that the total annual demand for steel is about 18.9 million tons, an increase of 15% from In 2020, flat steel products increased by 19% and long steel products increased by 10%. However, according to the data from the Iron and Steel Institute of Thailand, it was found that the import volume continued to grow at a higher rate than the production in Thailand.
    
    In addition, the price situation of various types of steel products in Asia is likely to decline slightly in September 2021 when compared to the previous month, for example, cold-rolled steel price of USD 980 per tonnedown by 0.7%, wire rod price of USD 831 per tonne down 2.8%. Based on the above data, steel prices in the world market are expected to have crossed their peak. and should be back to normal soon But it is expected that it will not be as much lower as before the Covid-19 epidemic due to China's production control.
15. voda 18 oktober 2021 07:39

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    Chinese Crude Steel Output Shrinks in September on Power Crisis
    
    Latest National Bureau of Statistics data shows that China’s crude steel output in September 2021 fell drastically to 73.75 million tonnes, down by almost 10 million tonnes as compared to 83.24 million tonnes in August 2021 and 21% YoY as power crisis, coupled with environmental curbs, impacted steel production. In the first nine months of 2021, China produced 805.89 million tonnes of steel, up 2% YoY. With the likelihood of Chinese crude steel production remaining restrained during October-December due to efforts to reduce smog and carbon emissions, Chinese government’s pledge that 2021 production cannot exceed last year’s record 1.065 billion tonnes, which seemed like a distant dream in June, will be achieved.
    
    The World Steel Association in latest Short Range Outlook said that “From a high base last year and with a continued negative trend in the real estate sector, Chinese steel demand will have negative growth for the rest of 2021. While the January to August China’s apparent steel use still stands at a positive 2.7%, overall steel demand is expected to decline by 1.0% in 2021.”
    
    Worldsteel said
    
    The Chinese economy sustained its strong recovery momentum from 2020 into the early part of 2021. However, it has slowed since June. There have been marked signs of deceleration in the steel using sector's activity since July, leading to a steel demand contraction of 13.3% in July and then 18.3% in August.
    
    The sharp deceleration is partly attributable to occasional factors such as the recent adverse weather and small waves of infections through this summer, however more substantive causes include the slowing momentum in the real estate sector and the government cap on steel production. Real estate activity has weakened due to tough government measures on developers' financing introduced in 2020.
    
    At the same time, infrastructure investment has not picked up in 2021 due to a depletion of investment opportunities and limited local government financing ability.
    
    Furthermore, the strong manufacturing recovery across the world has reduced the export market.
    
    From a high base last year and with a continued negative trend in the real estate sector, Chinese steel demand will have negative growth for the rest of 2021.
    
    Bron: Strategic Research Institute

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16. voda 18 oktober 2021 07:55

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    Multiple Factors Led to Spike in Thermal Coal Prices in China
    
    Strategic Research Institute
    Published on :
    18 Oct, 2021, 6:30 am
    
    China's energy crisis has deepened as cold weather swept into much of the country and power plants scrambled to stock up on coal, sending prices of the fuel to record highs. The most-active January Zhengzhou thermal coal futures hit a record high of USD 259.42 (CNY 1,669) per tonne last week. The contract has risen more than 200 percent year to date. Electricity demand to heat homes and offices is expected to soar this week as strong cold winds move down from northern China. Forecasters predict average temperatures in some central and eastern regions could fall by as much as 16 degrees Celsius in the next 2-3 days.
    
    IEEFA energy policy analyst Clark Williams-Derry wrote “COVID-induced volatility bears much of the blame but price spike also has its roots in the world’s largest coal market, China, which produces and consumes half the world’s coal and meets 60 percent of its energy needs from the mineral. Over the past year, China has experienced domestic coal shortfalls and shrinking stockpiles that forced the country to boost its imports. Given the country’s outsized appetite for coal, even a modest boost in imports quickly sent seaborne coal prices skyrocketing. The recipe for China’s coal shortages had at least five key ingredients, none related to the country’s renewables policies.”
    
    A mine safety crackdown - The Chinese coal mining sector has been a risky business. The state-run Xinhua News Agency reported that 225 coal miners died in China during 2020 in 122 accidents. But in the wake of a cluster of fatalities, federal authorities launched a major safety inspection effort in November 2020. The heightened scrutiny was blamed for a slowdown in production that began in April, a month after China boosted penalties for mine accidents. The prospect of jail time made mining executives reluctant to boost output even as supplies tightened.
    
    Curbs on overproduction - China’s coal mining sector had struggled over much of the past decade with overcapacity that flooded markets with cheap coal—making it hard for many firms to find profits. Last November, just as China’s government was cracking down on coal mine safety, it also stepped up inspections for quota violations, once again making it risky for mining companies to boost supplies.
    
    An anti-corruption campaign in Inner Mongolia - One of China’s most sparsely populated province Inner Mongolia produces roughly one-quarter of the nation’s coal. President Xi Jinping announced in March that the government would investigate coal industry corruption in the region in a campaign that would never end. The campaign focused, in part, on companies producing more coal than their quotas. Top officials in the regional government have been sent to jail for more than a decade, with one given a suspended death sentence. In early 2021, the government was investigating almost 700 corruption cases involving about 1,000 people. The campaign, which was expanded across the country, also encouraged coal mining firms to curb their production to avoid becoming entangled in an investigation.
    
    A halt to Australian coal imports - Tensions between Australia and its largest trading partner heated up last year, largely due to China’s territorial claims in the Pacific Ocean and the Australian government’s call for a “weapons inspector”-type investigation of the origins of the COVID-19 virus. China responded by blocking Australian coal imports in November 2020. The squabble led Beijing to seek out other markets for coal imports from Indonesia, Russia, the United States and South Africa. The shift contributed to a tripling in the price of lower-grade Indonesia coal over the summer.
    
    Weather - Too cold, too hot, and too wet. An unusually cold 2020-21 winter in North Asia prompted blackouts in some regions. At least nine grid systems in northern provinces recorded record demand in early January. Summer heat waves continued to pressure the coal supply. Now winter approaches, and major power plants reported having about a 10-day stockpile of coal, roughly half of last year’s total. The country, desperate to boost coal consumption, faces a new weather-related obstacle: Record-breaking floods have shut down 60 mines in Shanxi province, a region that produces 30 percent of China’s coal.
    
    These factors, together with COVID, helped precipitate a domestic coal crunch in China that quickly spread around the planet. Those who would blame the growth of renewables for China’s coal shortages are grasping at straws. If anything, ramping up investments in renewables would ease the country’s reliance on volatile, unpredictable fossil fuel supplies.
17. voda 18 oktober 2021 08:45

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    Chinese GDP Growth Rate Slips in July-September Quarter
    
    National Bureau of Statistics of China announced that the Chinese economy expanded 4.9% YoY in Q3 of 2021, easing sharply from a 7.9% growth in Q2. It is the slowest pace of expansion since the third quarter last year, amid several headwinds including a property slump, energy crisis, supply bottlenecks, and surging raw material costs. Fourth-quarter growth is likely to drop to 3% to 4%. Considering the first three quarters of the year, the economy grew 9.8% from a year earlier as against economic growth target of above 6% for 2021 suggesting that authorities may not be in any rush to pump in significant stimulus to arrest the slowdown.
    
    Factor Impacting Growth in Q3 of 2021
    
    1. Beijing’s tighter restrictions on the property market have curbed construction activity and squeezed financing to the sector. Worsening debt crisis at China Evergrande Group is now spilling over to other developers and contributing to a slump in land sales
    
    2. Electricity shortages in September forced factories to curb output or shut completely. Steel mills have faced power cuts.
    
    3. Strict measures to contain sporadic coronavirus outbreaks continued to weigh on consumer spending
    
    4. Computer chip shortages have slowed car production
    
    5. Floods have disrupted business in north-central China.
    
    January-September 2021
    
    Crude oil production up 2.5% YoY at 149.84 million tonnes
    
    Natural gas production up 10.4% YoY at 151.8 bcm
    
    Power generation up 10.7% YoY at 6.07 trillion kwh
    
    Coal output up 3.7% YoY at 2.93 billion tonnes
    
    Crude steel output up 2% YoY at 805.89 million tonnes
    
    Coke output up 1.3% YoY at 357.45 million tonnes
    
    Non-ferrous output up 7.9% YoY at 48.42 million tonnes
    
    Aluminium output up 7.2% YoY at 29.15 million tonnes
    
    Bron: Strategic Research Institute

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18. voda 18 oktober 2021 11:51

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    Advies van Exane BNP Paribas over Aperam
    Beurshuis Exane BNP Paribas
    Aandeel APERAM
    Datum 18 oktober 2021
    Advies Market outperform
    Koersdoel 70,00 EUR
    
    Detail advies
    (Trivano.com) - Op 18 oktober 2021 hebben de analisten van Exane BNP Paribas hun beleggingsadvies voor APERAM (APAM; ISIN: LU0569974404) herhaald. Het advies van Exane BNP Paribas voor APERAM blijft "market outperform".
    
    Het koersdoel wordt door de analisten verhoogd van 59,00 EUR naar 70,00 EUR.
    
    Op 28 juli 2021 publiceerde APERAM halfjaarcijfers.
19. voda 19 oktober 2021 07:20

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    • voda

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    PyroGenesis to Supply Coke Oven Gas Technology to Tata Steel
    
    Strategic Research Institute
    Published on :
    19 Oct, 2021, 5:51 am
    
    PyroGenesis Canada Inc announced that its subsidiary Pyro Green Gas, formerly known as Air Science Technologies Inc, has received a milestone payment of approximately CAD 2.5 million under an existing CAD 9.3 million contract with Tata Steel. The balance under this contract, of approximately CAD 3 million, is expected to be fully received within the next nine months. Under this contract, Pyro Green-Gas has the mandate to supply a coke oven gas purification and hydrogen production processes that, if successful, will purify coke oven gas and extract hydrogen of extremely high purity (99.999%) and value, with significant environmental benefits.
    
    In addition, Pyro Green-Gas has signed an additional contract for CAD 267,000 with Tata Steel. Under this Contract, Pyro Green-Gas will provide supplementary engineering improvements to the dry coke oven gas desulfurization and hydrogen production process already under contract. Pyro Green-Gas will supply filters that will further purify the remaining gas, removing condensed hydrocarbons, naphthalene and dust from the coke oven gas infrastructure. This will allow the purified gas to be used as a fuel for galvanizing and annealing furnaces in steel processing.
    
    Pyro Green-Gas offers technologies, equipment, and expertise in the area of biogas upgrading, as well as air pollution controls. Pyro Green-Gas designs and builds
    
    (i) Gas upgrading systems to convert biogas to renewable natural gas RNG
    
    (ii) Pyrolysis-gas purification
    
    (iii) Biogas & landfill-gas flares and thermal oxidizers
    
    (iv) Purification of coke-oven gas into high purity hydrogen

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20. voda 19 oktober 2021 07:21

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    Modern Steels Resumes Operation at Steel Melting Shop
    
    Strategic Research Institute
    Published on :
    19 Oct, 2021, 5:53 am
    
    Modern Steels Ltd has informed the exchange regarding restoration of normal operations at Steel Melting at the facility of the Company located at GT Road in Mandi Gobindgarh in Punjab. Earlier, on September 24, 2021 the company informed about the disruption in operations at Steel Melting Shop in Punjab due to damage of overhead shed.
    
    Further, it informed that the restoration work of said overhead shed has been completed and operations have been resumed at the Steel Melting Shop facility
    
    Modern Steels Ltd caters to the requirements of special & alloy steel, stainless steel, hot rolled bright bars for engineering, automotive, bearing and allied industries.