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1. voda 18 november 2021 07:05

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   Chinese Steel Mills Leveraging Low Latency of 5G for Efficiency
   
   Strategic Research Institute
   Published on :
   18 Nov, 2021, 5:19 am
   
   People's Daily reported that the integration of 5G technology into the industrial Internet has helped improve the quality and efficiency of China’s traditional iron and steel industry by accelerating the application of products with big data-based functions such as remote control, collaborative operation and troubleshooting in recent years.
   
   At the steelmaking zone of a wide and heavy plate plant run by Hunan Valin Xiangtan Iron and Steel Co Ltd in Xiangtan in central China’s Hunan province, four large electromagnetic bridge cranes are busy attracting scrap steel with a weight of several tons and then moving it accurately onto a truck. The bridge cranes are remotely controlled from a central control room. Taking advantage of the ultra-high reliability and ultra-low latency of new technologies, the plant realizes the ultra-high-speed uploading and downloading of data, thus allowing workers to control the equipment accurately and remotely
   
   Shougang Jingtang United Iron and Steel Co Ltd in Tangshan city in north China’s Hebei province has set up a management system that can monitor in real time the operation of the four main devices of coke ovens, namely coke pusher, coke barrier vehicle, coke quenching vehicle and coal charging car. These machines playing different roles are closely connected with each other and form an organic and unified whole through the transmission of signals. Besides real-time monitoring of the four main devices of coke ovens, the management system enables man-machine dialogues, allowing workers to give orders to machines. The four devices can send their operating data to the central control room
   
   After upgrading key basic equipment by combining 5G and the industrial Internet, Ansteel Information Industry Co Ltd based in Dalian in northeast China’s Liaoning province has enabled data collected by sensors installed in equipment, such as temperature, vibration, pressure, and flow, to be transmitted to a cloud platform in real time to realize real-time monitoring, diagnosis and troubleshooting for equipment with the help of artificial intelligence and big data analysis
   
   As a typical process manufacturing industry, the steel industry is characterized by continuous production process and requires timely transmission of large amounts of information in a complex environment, something that the company’s former information system can no longer sustain. Therefore, the industry is in urgent need of intelligent transformation.
2. voda 18 november 2021 07:06

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   Teesside Based Paralloy Secures Finance Support for Exports
   
   Strategic Research Institute
   Published on :
   18 Nov, 2021, 5:22 am
   
   UK’s Minister for Exports Mr Mike Freer announced that Teesside steel company Paralloy has secured GBP 15 million funding package from Santander UK with an 80% guarantee from UKEF to support its export-led growth. The guarantee is a UKEF General Export Facility, which is designed to help UK businesses easily access funding to cover the cost of international trade and help level up export opportunities for businesses across the UK. Paralloy makes patented steel alloy castings used in high temperature furnaces and exports 95% of what it makes in the UK to 70 overseas markets. Its exports have reached record levels of up to GBP 50 million and the firm required general working capital to fulfil record demand for its services.
   
   Paralloy is one of only a handful of companies worldwide to produce these steel castings and is a key supplier to the blue hydrogen market, which produces virtually no greenhouse gas emissions and is much in demand as firms across the world transition away from polluting fossil fuels.
   
   UK Export Finance is the UK’s export credit agency and a government department, working along-side the Department for International Trade as an integral part of its strategy and operations. Established in 1919, it exists to ensure that no viable UK export should fail for a lack of finance from the private market. It provides finance and insurance to help exporters win, fulfil and get paid for export contracts.
   
   Santander UK is a financial services provider in the UK that offers a wide range of personal and commercial financial products and services.
3. voda 18 november 2021 07:09

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   SKF & CH2ESS to Speed Up Development of Fossil Free Bearing Steel
   Strategic Research Institute
   Published on :
   18 Nov, 2021, 5:24 am
   
   Leading bearing maker SKF is supporting the development of fossil-free bearing steel through collaboration with Lulea University of Technology's CH2ESS initiative. As part of the collaboration, SKF will participate in and fund research within hydrogen use in industrial processes and energy systems, speeding up the development of fossil-free bearing steel.
   
   Research areas will include hybrid ceramic bearings, EVs and other applications, and the development and commercialisation of fossil-free bearing steel production. SKF's expertise in fluid machinery, material science, production technology and loT solutions will actively contribute to the work.
   
   Hydrogen is the key to a tossil-free energy system and CH2ESS (Center for Hydrogen Energy Systems Sweden), a newly established research and knowledge initiative at Lulea University of Technology, is focusing on hydrogen use in industrial processes and energy systems, in close collaboration with Swedish industry.
4. voda 18 november 2021 07:09

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   NMDC Workers Hold Protest at Jantar Mantar against Nagarnar Sale
   
   Strategic Research Institute
   Published on :
   18 Nov, 2021, 5:26 am
   
   According to media reports, Indian iron ore giant NMDC’s workers staged a protest at Jantar Mantar in New Delhi against the demerger of Nagarnar Steel Plant and government stake sale in the company. Nagarnar Steel Plant Workers' Union Presiden Mr Sant Ram Sethia said “We will be giving a representation to the Labour Minister regarding this.”
   
   NMDC Sanyukt Khadaan Mazdoor Sangh, which represents workers at the NMDC operated mines, Secretary Mr Rajesh Sandhu said “Over 200 employees of the company have gathered in the national capital for the two-day protest. We are against the selling of the government's stake in the company. If this continues, one day the company will be privatised.”
   
   NMDC, under the Ministry of Steel, is the country's largest iron ore mining company. It is also setting up a 3 million tonne per annum at Nagarnar in Chhattisgarh over an area of 1,980 acres at a revised estimated cost of IR 23,140 crore. However, In August 2020, NMDC informed its board of directors giving inprinciple approval to the proposal to demerge its under-construction steel plant in Nagarnar, Chhattisgarh. Subsequently in October, the Union Cabinet also approved the demerger of the plant from NMDC, and its strategic disinvestment by selling the entire stake of the Centre to a strategic buyer. At present, the President of India holds around a 60% stake in the company.
   
   NMDC setting up a 3 million tonne per annum capacity greenfield Integrated Steel Plant based on Hi-Smelt technology in Nagarnar, located 16 km from Jagdalpur in Chhattisgarh state. The plant site is around 16 km from Jagdalpur and 6 km from the Orissa–Chhattisgarh border. Ministry of steel has engaged MECON under a contract dated 23 February 2011 for Engineering, Design and Consultancy services for upcoming Steel Plant Nagarnar. As a part of the above, MECON is providing Procurement Services, Basic Engineering Services, Detailed Engineering Services, Designer’s Supervision Services, Inspection Services, Assistance in Commissioning Services and other General Services.
   
   The entire plant is installed in 1,800 acres of land and has the following major facilities
   
   Sinter Plant - 460 square meters
   
   Coke Oven & By Product Complex - 7 meter tall Batteries x 2
   
   Blast Furnace - 4,506 cubic meters
   
   Pig Casting Machine - 1700 tonnes per day x 3
   
   Steel Melting Shop - 175 tonne BOF Converters x 2
   
   Ladle furnace - 175 tonnes x 2
   
   RH-OB - 175 tonnes x 2
   
   Thin Slab caster - 2 Strand Continous Caster
   
   Hot Strip Mill
   
   Down Coiler -2
5. voda 18 november 2021 07:10

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   PHDCCI Suggest Steel Prices Regulator for MSME Survival
   Strategic Research Institute
   Published on :
   18 Nov, 2021, 5:28 am
   
   PTI reported that the PHD Chamber of Commerce and Industry has requested the government to have a regulator to check rising steel prices. PHDCCI's Metals & Minerals Committee Chairman Mr Anil Kumar Chaudhary, during his address at a session organised by PHDCCI to discuss the issues faced by the stakeholders of the industry, said “Micro, Small & Medium Enterprises of the steel industry are facing various issues today and high prices of steel is a major one. I suggest and request for a regulator for the sector that can check and regulate the issues including prices in the sector.”
   
   He added “Besides prices, MSMEs also face issues like timely availability of raw materials and its transportation. All these issues have a cascading effect on the growth and performance of the smaller companies that have financial commitments with banks and customers.”
   
   Minister of State for Steel Mr Faggan Singh Kulaste, who was the chief guest, assured government support to address the issues being faced by the steel MSMEs and invited suggestions from the stakeholders on the same. He said “There can be a discussion on it.”
6. voda 18 november 2021 07:10

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   SAIL Supplies 48,200 Tonnes of Steel for Purvanchal Expressway
   
   Strategic Research Institute
   Published on :
   18 Nov, 2021, 5:30 am
   
   Steel Authority of India Limited has supplied 48,200 tonnes of steel for the Purvanchal Expressway which has been recently inaugurated. The total quantity of steel supplied by SAIL for this massive project comprises of TMT Bars, Structurals and Plates. The 341 km long Purvanchal Expressway will substantially improve the road connectivity and will join several districts of Uttar Pradesh.
   
   Purvanchal Expresswayis a 340.8 km long, 6-lane access-controlled expressway in Uttar Pradesh. The expressway connects Chand Saray village near Gosainganj in Lucknow district with Haydaria village on NH-31 in Ghazipur district. The Purvanchal Expressway connects Chand Saray village near Gosainganj in Lucknow district with Haydaria village on Mohammadabad–Buxar highway NH-31 in Ghazipur district. It passes through 9 districts of Uttar Pradesh i.e. (from west to east) Lucknow, Barabanki, Amethi, Sultanpur, Ayodhya, Ambedkar Nagar, Azamgarh, Mau and Ghazipur.
   
   SAIL has always catered to the country’s domestic steel requirement and played a crucial role in the growth and development of the country. In the past, SAIL steel has been extensively used in the construction of various infrastructure projects including Eastern and Western Peripheral Expressways, Atal Tunnel, Bogibeel and Dhola Sadiya bridges etc along with several other notable projects of national importance. SAIL is continuously enhancing its production with steady increase in the percentage of value-added products in its product basket.
7. voda 18 november 2021 07:11

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   Thyssenkrupp may Seek Votes for Steel Spin Off in February 2023
   
   Strategic Research Institute
   Published on :
   18 Nov, 2021, 5:33 am
   
   German monthly business magazine Manager Magazin reported that Düsseldorf based ThyssenKrupp CEO Ms Martina Merz wants to have a vote on a spin-off of the steel division at the annual general meeting in February 2023. As per report, Ms Merz wants to give away all the shares except for a small stake to the existing shareholders of ThyssenKrupp. The magazine reported that the management board and supervisory board could officially approve the project in March 2022. The shareholders are expected to vote on the project at the general meeting in February 2023. If things go particularly well, so the plan, the spin-off could also be decided at an extraordinary meeting in November 2022.
   
   The journal added that it might result in a battle with the IG Metall Union and the works council.
   
   Ms Merz had stated in March that the steel unit should reduce prices to succeed in a degree the place it not wants monetary assist from the group. Ms Merz had put the future of the steel division up for grabs. In doing so, it does not rule out any possibilities including an IPO, a spin-off, a sale or a partnership.
8. voda 18 november 2021 09:19

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   • voda

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   EU waste shipment proposal could complicate scrap trade
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   The European Commission has published this week its proposal to review existing waste shipments regulations. While the document does not contain indications directly aimed at limiting scrap exports and trade, the new proposal includes a series of limitations and standards to be applied to firms exporting outside the EU.
   
   As largely anticipated by sources in the market, the proposal mentions the necessity for exporters to only sell waste to countries and customers respecting similar standards required within Europe.
   
   "The Commission proposes that all companies exporting waste outside the EU conduct independent audits in the facilities to where they ship waste in order to ensure that those facilities are operating in line with criteria showing that they manage waste in an environmentally sound manner,” the document explains. “If the audits show that this is not the case, the companies should stop exporting their waste to the facility concerned.”
   
   If approved, the new regulation could effectively make the process of exporting steel scrap from Europe more complicated. Most of the impact is nevertheless expected to be felt by importing countries outside of the OECD, such as India and China, to which stricter regulations and monitoring will be applied.
   
   A Benelux exporter notes that the impact on ferrous products will be limited, while plastics will be more impacted.
   
   "Today, only 12% of raw materials used in EU industry come from recycling,” the Commission document seen by Kallanish explains. “While shipments of waste for recovery in the EU have steadily increased in the last decade, too many waste materials are still not prepared for reuse or recycled in new products in the EU, representing a considerable loss in its transition to a circular economy.”
   
   "Every year, the EU exports around 33 million tonnes of waste,” it continues. “This represents around 16% of the total of global trade in waste, making the EU one of the top exporters of waste worldwide. The EU also imports 16 million tonnes of waste, while 70 million tonnes of waste is traded within the EU."
   
   "The EU relies heavily on exports for a number of waste streams, in particular ferrous and non-ferrous metal scrap, paper waste, plastic waste, textile waste and glass waste,” the Commission explains.
   
   EU exports of waste have increased by 75% since 2004, with almost half destined for non-OECD countries. This has generated increased pollution linked to the unsound treatment of some of this waste in many destination countries.
   
   Emanuele Norsa Italy
9. voda 19 november 2021 06:16

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   • voda

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   Schnitzer Steel Reports Strong Results for Q4 and FY 2021
   
   Strategic Research Institute
   Published on :
   19 Nov, 2021, 4:49 am
   
   Schnitzer Steel Industries Inc reported that net income of USD 44 million in the fourth quarter of fiscal 2021, compared to USD 5 million in the fourth quarter of fiscal 2020 and net income of USD 170 million in fiscal 2021, compared to a net loss of USD 2 million in fiscal 2020. Adjusted EBITDA of USD 80 million in the fourth quarter of fiscal 2021, compared to USD 28 million in the fourth quarter of fiscal 2020. Adjusted EBITDA of USD 289 million in fiscal 2021, compared to USD 85 million in fiscal 2020.
   
   The Company’s performance during the fourth quarter of fiscal 2021 benefited from strong global market conditions for recycled metals, with average selling prices reaching multi-year highs and sales volumes for its ferrous and nonferrous products increasing year over year. Average selling prices for finished steel products also continued to increase during the quarter to their highest level in more than a decade, benefiting from the continued strength in West Coast demand. The Company began ramping up production at its steel mill ahead of schedule in mid-August following substantial completion of the replacement and repair of property and equipment lost and damaged due to a fire in May 2021. Finished steel sales volumes decreased significantly year over year as a result of the production outage.
   
   For the full fiscal year, the Company’s improved performance was primarily driven by higher average selling prices for ferrous, nonferrous and finished steel products, benefits of operating leverage from significantly higher ferrous and nonferrous volumes year over year and execution of productivity improvements and commercial initiatives supported by the implementation of the One Schnitzer operating platform.
   
   Schnitzer Steel Industries Inc is one of the largest manufacturers and exporters of recycled metal products in North America with operating facilities located in 25 states, Puerto Rico and Western Canada.
10. voda 19 november 2021 06:18

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    Primetals to Supply AOD & Upgrade Existing AOD Line at Aperam Genk
    
    Strategic Research Institute
    Published on :
    19 Nov, 2021, 4:55 am
    
    In September, Primetals Technologies received an order from Aperam Genk in Belgium to supply a new Argon Oxygen Decarburization production line and to upgrade the existing AOD 1 production line. The objectives of the project are to increase operational safety, to improve operating costs, and to further reduce environmental impacts via a dedusting system with provisions for heat recovery. Primetals Technologies will be responsible for mechanical equipment, electrics and automation as well as auxiliary equipment. The project will be carried out in a consortium with Austrian erection company SGS Industrial Services. Start-up is expected for mid-2023.
    
    For the new AOD 2 production line, Primetals Technologies will engineer and supply the mechanical equipment, including primary and secondary dedusting system, transfer cars, electrical equipment, level 1 and level 2 automation including advanced process model, a new ladle transfer crane, and extend the existing material handling system. The new AOD will be equipped with the Vaicon drive damper to reduce vibrations loads and extent equipment lifetime. The existing AOD 1 line will receive a new trunnion ring and process gas valve station, as well as an upgrade of the level 2 process model. The trunnion ring for the revamped and for the new AOD will be equipped with the Vaicon Autofix vessel suspension system, which does not require manual interference for the vessel fixation.
    
    The new level 2 automation system for both AOD lines with new process model features will enable cost-efficient dynamic process control with highest accuracy. Condition monitoring solutions to enable predictive maintenance will also be included. Since the new AOD 2 line will be installed in an existing brown field plant, detailed planning of erection procedure is required to minimize downtimes and disturbance of ongoing production.
    
    Aperam operates six key production sites in Europe and Brazil, with an annual capacity of 2.5 million metric tons of stainless flat products for a wide range of applications. The most important European production sites for stainless steels are Châtelet and Genk in Belgium, and Gueugnon and Isbergues in France. In Genk, Aperam produces hot and cold rolled AISI grades 300 and 400 in coils weighing up to 45 metric tons. Currently, Aperam Genk is operating one line AOD 1, which was supplied by Primetals Technologies in 2002.

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11. voda 19 november 2021 06:19

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    • voda

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    Mechanical Engineering Activity in EU Surge in Q2 of 2021
    
    Strategic Research Institute
    Published on :
    19 Nov, 2021, 4:57 am
    
    European Steel Association EUROFER in its latest Economic and steel market outlook 1121-2022 Fourth quarter 2021 report, which has data up to second quarter 2021, reported that output in the mechanical engineering sector increased by 26.8% year-on-year over the second quarter of 2020, as a result of the comparison with the trough registered during the pandemic. The rebound recorded since the third quarter of 2020 has led to sharp quarter-on-quarter improvements, but activity had remained well below pre-downturn historical output levels. Positive growth has been recorded in the first quarter of 2021 of 6.1% for the first time since the second quarter of 2019, when output in mechanical engineering had started its decrease due to the continued downturn in manufacturing. Recovery in orders and output is underway, but remains fragile and exposed to risks. Among these, the general uncertainty of the economic recovery in the EU, as long as the COVID-19 threat is not over, and the ongoing global supply chain issues which are hampering industrial activity in the EU as well as in other world economies. After a sharp fall of 11.2% in 2020 following flat growth in 2019, mechanical engineering output is set to rebound by 10.7% in 2021 and, at a much more moderate pace of 2.8% in 2022.
    
    Despite the heavy toll of the pandemic in 2020, manufacturing has bounced back quickly, albeit at historically low levels of output, due to the relatively strong reliance of the mechanical engineering sector in the EU on export markets, the investment climate and global trade recovery. The latter appeared to be stronger than expected over the second half of 2020, as main export destination countries such as the US and China almost returned to a full-speed growth. However, slowdowns in industrial activity and other indicators have been showing a quick turn in the cycle since August 2021, suggesting that the momentum is probably over.
    
    The combined effect of the pandemic’s persistence and issues affecting the global supply chain, which are not expected to disappear before the first quarter of 2022, have been weakening the demand in key domestic markets in the EU. In addition, persisting trade frictions and economic uncertainty in general may continue to put the brake on investment decisions at least until the second half of 2021.
12. voda 19 november 2021 06:20

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    • voda

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    Reliance Steel & Aluminum Reports Strong Results for Q3 of 2021
    
    Strategic Research Institute
    Published on :
    19 Nov, 2021, 5:00 am
    
    Reliance Steel & Aluminum Co President & Chief Executive Officer Mr Jim Hoffman said “Our resilient business model, favorable metal pricing trends and excellent execution combined to produce another quarter of record-setting financial results. The favorable pricing environment along with fundamentally strong underlying demand in many of the key end markets we serve drove record quarterly net sales of USD 3.85 billion. In addition, strict pricing discipline by our managers in the field helped us generate a strong gross profit margin of 31.5% which, when combined with our record sales, generated record quarterly gross profit dollars of USD 1.21 billion in the third quarter of 2021. Our continued focus on expense control led to a third consecutive quarter of record quarterly pretax income of USD 532.6 million.”
    
    Reliance services diverse end markets and provides a wide range of products and processing services, generally in small quantities on a when-needed basis. During the third quarter of 2021, the Company’s tons sold decreased 4.6% compared to the second quarter of 2021, generally in line with the typical third quarter seasonal decline, but below Reliance’s expectations of down 1% to up 1% due to various factors hindering economic activity such as continued supply disruptions, including limited metal availability, and labor shortages experienced by Reliance, its customers and its suppliers. The Company continues to believe underlying demand is stronger than its third quarter shipment levels reflect which bodes well for demand levels into 2022.
    
    Demand in non-residential construction (including infrastructure), Reliance’s largest end market, remained at solid levels after reaching pre-pandemic levels during the second quarter of 2021. Reliance is optimistic that demand for non-residential construction activity in the key areas in which the Company participates will continue to steadily improve through the remainder of 2021 and into 2022 based on healthy backlogs and solid quoting activity, positive customer sentiment and favorable key industry indicators.
    
    Demand for the toll processing services Reliance provides to the automotive market fell slightly from the prior quarter. However, the Company believes underlying demand is stronger than its third quarter trends reflect due to the continued impact of the global microchip shortage on production levels in certain automotive markets, which was partly offset by solid performance related to Reliance’s recent facility expansions in Indiana, Kentucky, Michigan and Texas. Reliance is cautiously optimistic that demand for its toll processing services will improve in 2022 and maintains its positive long-term outlook for this end market.
    
    Underlying demand in heavy industry for both agricultural and construction equipment remains strong. Reliance shipments declined in the third quarter compared to the prior quarter due to higher than anticipated seasonal shutdowns at many customers along with broad customer supply chain disruptions and labor constraints. Nevertheless, the Company’s third quarter shipments exceeded pre-pandemic levels. Reliance expects the strong underlying demand in the heavy equipment and manufacturing industries to continue into 2022.
    
    Semiconductor demand remains strong with Reliance’s third quarter shipments somewhat impacted by global supply chain issues, and Reliance expects strong demand to continue through 2022.
    
    Demand in commercial aerospace was impacted by normal seasonal factors, especially in Europe. Reliance is cautiously optimistic that demand in commercial aerospace will slowly improve throughout 2022 as build rates are increasing and excess inventory in the supply chain continues to decline. Demand in the military, defense and space portions of Reliance’s aerospace business remains solid with strong backlogs, and continued to exceed pre-pandemic levels. The Company anticipates strong demand in the non-commercial aerospace market will continue into 2022.
    
    Demand in the energy (oil and natural gas) market continued its slow improvement in the third quarter due to increased activity driven by higher oil and natural gas prices. Reliance is cautiously optimistic demand will continue to improve at modest levels for this end market into 2022.
13. voda 19 november 2021 06:21

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    Danaile Gets FAQ for Water Treatment Plant at Nucor Steel Florida
    
    Strategic Research Institute
    Published on :
    19 Nov, 2021, 5:02 am
    
    The water-treatment plant serving the 380,000 tons per year minimill for straight and spooled bars, meltshop and rolling mill featuring endless casting rolling, was designed in compliance with all applicable local standards ASME, UL, NEMA, OSHA and operates within all contracted requirements. The innovative Danieli design selected by Nucor includes Danieli-patented DanFilters performing with high filtration speed, achieving high efficiency in a small overall space, 40% less as compared to conventional filters. A fiberglass tank was selected to allow a closed-circuit operation, rather than a concrete basin, minimizing civil construction.
    
    The pumping station features vertical pumps reducing the amount of piping as well as civil work.
    
    A Zero-Scale Separator serving the rolling mill made it possible not to dig a deep scale pit, simplifying the civil works and reducing excavation cost.
    
    To expedite construction and installation, package-type cooling towers and containerized electrical rooms were provided.

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14. voda 19 november 2021 06:21

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    Cleveland Cliffs Acquires Ferrous Processing & Trading Company
    
    Strategic Research Institute
    Published on :
    19 Nov, 2021, 5:06 am
    
    US steel maker Cleveland-Cliffs Inc has successfully completed the acquisition of Ferrous Processing & Trading Company, including certain related entities. The final necessary regulatory clearances in connection with the transaction were obtained on November 17. Ferrous Processing & Trading Company is now a wholly owned subsidiary of Cleveland-Cliffs Inc.
    
    Ferrous Processing & Trading Company, which was recently awarded Fastmarkets’ 2021 Scrap Company of the Year, is a leading prime ferrous scrap processor in the United States. Ferrous Processing & Trading Company currently processes approximately three million tons of scrap per year, approximately half of which is prime grade. Cliffs expects to grow its prime scrap presence through its existing relationships with industrial steel consumers.
15. voda 19 november 2021 06:22

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    • voda

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    JSW Steel Enters Dow Jones Sustainability Index
    
    Strategic Research Institute
    Published on :
    19 Nov, 2021, 5:10 am
    
    JSW Steel has been selected in the S&P Dow Jones Sustainability Index for the Emerging Markets for 2021. JSW Steel is one of the 15 companies from India and one amongst only three steel companies from Emerging Markets that have made it to the DJSI EM Index which comprises 108 companies globally. The company has progressively improved its score across the three domains of Environment, Social and Governance. JSW Steel Joint MD & Group CFO Mr Seshagiri Rao said "The entry in the DJSI Emerging Markets Index is a testimony to our work and progress in the area of sustainability. JSW Steel has always been a front runner in incorporating ESG into its core operations and decision making, along with adopting the Best Available Technologies to improve its climate impact performance."
    
    DJSI is the gold standard for corporate sustainability and is highly regarded by global investors, fund managers, and financial analysts looking at ESG based investments. With a steel-making capacity of 27 million tonnes per annumin India & the USA, including capacities under joint control, JSW Steel has participated in the Corporate Sustainability Assessment conducted by the Dow Jones Sustainability Index.
    
    JSW Steel has moved up from 81st to 93rd percentile y-o-y, with a major improvement in areas of policy influence, information and cybersecurity, codes of business conduct, supply chain management and materiality analysis. In the Environmental dimension, it has moved from 81st to 91st percentile y-o-y, with significant positive change in score across issues like operational eco-efficiency, biodiversity and climate strategy.
    
    In the social dimension, it has seen an upgrade from 77th to 90th percentile y-o-y, with improvements in score in talent attraction and retention, occupational health and safety, social impacts on communities, human capital development, labour practice indicators and corporate citizenship and philanthropy.
16. voda 19 november 2021 06:23

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    • voda

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    Nucor to Add Blast & Prime Line at New Kentucky Plate Mill
    
    Strategic Research Institute
    Published on :
    19 Nov, 2021, 5:12 am
    
    US steel maker Nucor Corporation announced that it will be adding a blast and prime line at its greenfield steel plate mill currently under construction in Brandenburg, Kentucky. The blast and prime line will have an annual capacity of approximately 120,000 tons and will provide the Nucor Plate Group with even broader capabilities and offerings for customers of our wider and thicker plate products. By adding a blast and prime line to our state-of-the-art plate mill, Nucor will be able to better serve customers in key markets, including military, infrastructure, heavy equipment, offshore wind and other energy products
    
    The Nucor Steel Brandenburg plate mill is a USD 1.7 billion capital investment that will employ approximately 400 teammates when it is fully operational. It is scheduled to start-up in the fourth quarter of 2022. The new mill is located in the middle of the largest US steel plate-consuming region and will be able to produce 97% of plate products consumed domestically.
17. voda 19 november 2021 06:24

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    • voda

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    AMNS India is Partner for Hockey Men’s Junior World Cup 2021
    
    Strategic Research Institute
    Published on :
    19 Nov, 2021, 5:14 am
    
    ArcelorMittal Nippon Steel India was announced as the Official Partner of the FIH Odisha Hockey Men's Junior World Cup Bhubaneswar 2021. AM/NS India has signed an agreement in this regard with Hockey India, the country’s National Sports Hockey Federation, which leads the promotion of the sport across the country. ArcelorMittal Nippon Steel India Chief Executive Officer Mr Dilip Oommen said “As Odisha gears up to host the rising stars in the world of hockey, we are delighted to partner with Hockey India and support its efforts to bring fans and players across the globe closer to this important national sport. Odisha has become synonymous with the success of Indian hockey and it is one of the key states for AM/NS India, given our extensive operations’ presence here. We are proud to have this opportunity to support the development of hockey, which is also known for strength and agility. We wish Odisha and all the teams taking part in this global event the very best.”
    
    The tournament will be held from 24 November to 5 December 2021 at the iconic Kalinga Hockey Stadium in Bhubaneshwar, Odisha. The marquee tournament in the International Hockey Federation calendar marks the return of major international sports events in India after nearly two years due to the Covid-19 pandemic and sees India, which also hosted the last Men’s Junior Hockey World Cup in 2016, defend its title.
    
    The FIH Odisha Hockey Men's Junior World Cup Bhubaneswar 2021 will be the 12th edition of the biggest tournament in U-21 Men's Hockey. This is the third time that India is hosting the prestigious tournament, which took place in New Delhi in 2013 and in Lucknow in 2016. A total of sixteen nations will take part. Host and defending Champions India are grouped in pool B along with Canada, France and Poland. The other teams in the fray include Belgium, Malaysia, South Africa and Chile in pool A; Netherlands, Spain, Korea and the United States grouped in pool C while Germany, Argentina, Pakistan and Egypt in pool D.
    
    Each team is set to play three matches during the league stage over a period of five days. This will be followed by a series of cross-over matches, due to take place on 30 November, followed by knockout matches from 1 December, with the Final to decide the Champions scheduled for 5 December 2021.
18. voda 19 november 2021 06:25

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    • voda

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    EU Imposes AD Duty on Stainless Steel from India & Indonesia
    
    Strategic Research Institute
    Published on :
    19 Nov, 2021, 5:16 am
    
    The European Union has imposed tariffs on imports of cold-rolled flat stainless steel products from India and Indonesia after an investigation found they were being sold at artificially low prices. The European Commission has set duties of 10.2% for Indonesia's IRNC and 20.2% for other Indonesian producers. The rates for India are 13.9% for Jindal Stainless Ltd and Jindal Stainless Hisar Ltd and 35.3% for other Indian producers. The anti-dumping duties will take effect from 19 November 2021
    
    The European Commission has confirmed imports of stainless steel from India and Indonesia were sold at dumped prices. Producers in both countries now subject to measures have been benefiting from major distortions in the cost of raw materials. It is essential that the European Commission addresses to the fullest extent both dumped and subsidised exports of SSCR from India and Indonesia.
    
    The investigation leading up to these provisional measures was initiated on 30 September 2020 following a complaint submitted by EUROFER. The Commission said that the anti-dumping duties aim to remedy damage caused to EU producers such as Acerinox and Outokumpu
    
    The Commission has imposed provisional anti-dumping duty rates ranging from 13.6% to 34.6% from India, and from 19.9% to 20.2% on imports from Indonesia in May 2021.
    
    The Commission investigation confirmed that dumped imports from India and Indonesia increased by more than 50% in the period considered and their market share almost doubled. Imports from the two countries undercut EU producers’ sale prices up to 13.4%, while the underselling was higher, exceeding 23% up to 34.6%.
19. voda 19 november 2021 06:26

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    • voda

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    Clean Hydrogen Technology JV Genvia Signs Pilot Project Pact
    
    Strategic Research Institute
    Published on :
    19 Nov, 2021, 5:19 am
    
    Schlumberger New Energy, the CEA and partners have announced the signature of pilot project agreements between Genvia and critical-industry leaders on the pathway to net zero in the cement and steel industries. Through these agreements, Genvia will scale up the next generation of electrolyzer technology, developed over two decades of R&D at the CEA, to produce clean hydrogen without CO2 emissions, accelerating the decarbonization of multiple industrial sectors. During an official visit to the Schlumberger and Genvia facility on November 16, French President Emmanuel Macron praised the joint public-private partnership and reiterated his commitment and ambition for the hydrogen economy. Leveraging Schlumberger’s industrialization expertise and global footprint, these new agreements will set the stage for developing the entire value chain to use hydrogen as the preferred clean energy carrier.
    
    Genvia's pilot projects will focus on efficiency, performance and decarbonization of industrial processes for the steel and cement industries, as follows:
    
    Genvia and ArcelorMittal Méditerranée, a subsidiary of ArcelorMittal, a world leader in the steel industry, have agreed a pilot project to substitute current hydrogen use, and support the decarbonization of high-performance electric steel production required for the electric vehicle industry.
    
    Genvia and Ugitech, part of Swiss Steel Group, a world leader in long stainless-steel products, have agreed a pilot project to demonstrate both the technical relevance of hydrogen as a clean fuel for a reheating furnace that can replace natural gas, and the economic efficiency of Genvia's technology.
    
    Genvia; Vicat, a cement production group; Hynamics, a low-carbon and renewable hydrogen solutions subsidiary of EDF group; and EDF research have agreed a pilot project focused on the optimization of Genvia’s technology for industrial applications, demonstrated in the cement sector.
    
    Genvia technology aims to achieve the highest system efficiency, resulting in significantly less electricity use per kilogram of hydrogen produced. The projects are expected to produce hydrogen in amounts ranging from 200kg to 600kg per day.
20. voda 19 november 2021 06:27

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    • voda

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    Lindab partners with SSAB on Fossil Free Steel
    
    Strategic Research Institute
    Published on :
    19 Nov, 2021, 5:21 am
    
    SSAB and Lindab have taken another step in their partnership by collaborating on fossil-free steel. Starting 2026, SSAB will deliver fossil-free steel to Lindab, for use in ventilation systems and building products. The two companies will work together on the introduction of SSAB´s fossil-free steel to Lindab. Steel has a long service life, is durable and is 100% recyclable. These are qualities that are in demand in high-quality ventilation and construction products.
    
    In 2026, SSAB plans to supply the market with fossil-free steel at a commercial scale after a conversion of its Oxelösund blast furnaces into an electric arc furnace and by using iron made with the HYBRIT technology, which replaces coking coal traditionally needed for iron ore-based steelmaking, with fossil-free electricity and hydrogen. This process virtually eliminates carbon dioxide-emissions in steel production.
    
    SSAB, LKAB and Vattenfall created HYBRIT, Hydrogen Breakthrough Ironmaking Technology, in 2016, with the aim of developing a technology for fossil-free iron- and steelmaking.