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1. voda 9 december 2021 06:59

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   Severstal Increases Share of Renewable Energy in Energy Portfolio
   
   Strategic Research Institute
   Published on :
   09 Dec, 2021, 5:05 am
   
   Russian steel maker Severstal has made a strategic decision to increase the share of renewable energy in the energy portfolio, including by increasing heat generation based on biofuel at the operating boiler houses of Karelsky Okatysh, leading iron ore mining and processing plant in Russia. At Karelsky Okatysh, it is planned to gradually increase the share of biofuels in the balance of heat production from 1.2% in 2021 to 13.5% in 2026.
   
   The total energy consumption of the Karelsky Okatysh plant in 2020 is 264,532 Gcal / year, of which 3,060 Gcal / year (1.2% of the total consumption) are produced on biofuel, the rest of the energy is generated on fuel oil. At the same time, biofuel (wood chips) is used to generate heat at Karelsky Okatysh's own boiler house. Currently, the use of alternative fuels (natural gas) is not possible at Karelsky Okatysh due to its remote location and lack of infrastructure, but the company sees an opportunity to increase the purchase of high-quality wood chips, including from local suppliers.
   
   Biofuel is any fuel derived from biomass, grown or obtained from waste. However, Severstal pays special attention to compliance with the “sustainability” criteria and certifies biofuels for compliance with the ISCC (International Sustainability and Carbon Certification) requirements. Going forward, Severstal plans to use only certified biofuels, which ensures that chips will only be purchased from responsible suppliers. The implementation of projects aimed at the use of biofuels leads to a reduction of emissions of CO2. The expected effect from them is more than 11 thousand tons of ??2 -eq / year.
2. voda 9 december 2021 06:59

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   Suzuki Motor Promoting Weight Reduction of EVs with JFE Technology
   
   Strategic Research Institute
   Published on :
   09 Dec, 2021, 5:10 am
   
   In collaboration with Suzuki Motor Corporation, JFE Steel utilizes "JFE Topology Optimization Technology" and high-tensile steel plate to build the body structure of an electric vehicle. JFE is promoting weight reduction. While working to reduce the weight of the vehicle body structure that protects the battery from collisions, we have the prospect of applying "JFE Topology Optimization Technology" to the design of a lightweight vehicle body with high collision performance.
   
   Since electric vehicles are equipped with a large battery at the bottom of the vehicle body, a battery pack and vehicle body structure that protect the battery cells in the event of a collision are required. Aluminum is generally used for structural members, but the weight of the battery protection member has been an issue because the plate thickness must be increased to ensure strength. Therefore, Suzuki and Suzuki have proceeded with the development of a battery-protected body structure consisting of only steel plates with the aim of reducing weight by optimizing the body structure. In the development, we utilized "JFE topology optimization technology" in the design of the battery protection part, and evaluated the collision performance at the time of a pole side collision where the load applied to the battery is particularly large. By optimally arranging various types of ultra-high-tensile steel in the structural members, we have the prospect of achieving a significant weight reduction of the battery protection members while satisfying the collision performance without using aluminum.
   
   Topology optimization technology is an analysis method that can obtain the most efficient layout by leaving the elements required for the required characteristics from a given design space. Since general topology optimization technology optimizes each component individually, it is difficult to fully reflect the complex load flow between hundreds of components in the vehicle body structure. On the other hand, in "JFE topology optimization technology", the design space (space where parts are placed) is incorporated as a part of the car body and analyzed, so that the load transmission to each part of the car body can be accurately reflected in the car body structure. It is possible to efficiently improve collision performance with less weight. It has contributed to the optimization of the joint position and shape of various parts (* 2), but this is the first time that it has been applied to the optimization of the steel plate battery protection body structure.
   
   In addition to developing and manufacturing high-strength steel sheets, we have systematized the technology for using steel sheets for automobiles as "JESOLVA" in order to provide solutions that contribute to labor saving in customers' processes and improvement of product performance. We are actively developing EVI activities that technically cooperate with customers from the automobile design stage. Going forward, we will continue to develop and propose various products and technologies that meet the needs of our customers, and contribute to reducing CO 2 emissions and improving performance by reducing the weight of automobile bodies, thereby realizing a sustainable society.
3. voda 9 december 2021 07:10

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   US DOC Sets CVD Rates for Rebar Imports from Turkey
   
   Strategic Research Institute
   Published on :
   09 Dec, 2021, 5:13 am
   
   The US Department of Commerce has announced the preliminary results of its administrative review of the countervailing duty order on rebar from Turkey. US DOC has preliminarily determined that Turkish suppliers Kaptan Demir Celik and Icdas received a countervailable subsidy rate at 1.75 percent for the period from January 1, 2019, through December 31, 2019. On the other hand, Colakoglu Dis Ticaret received a subsidy rate at 0.07 percent, de minimis, for the same period.
   
   The DOC stated that it intends to rescind the review on the countervailing duties on imports of the given product for the remaining 21 Turkish companies if no shipment of rebar was made into the US during the period of review. The final result of the review is expected to be announced within 120 days of publication of the preliminary results.
4. voda 9 december 2021 07:10

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   British Steel Backs BCSA’s Decarbonization Roadmap for UK
   
   Strategic Research Institute
   Published on :
   09 Dec, 2021, 5:16 am
   
   British Steel has endorsed the UK structural steelwork roadmap to net zero. The roadmap, launched by the British Constructional Steel Association, sets out how the sector will decarbonize to meet the UK net-zero carbon target by 2050. It was developed in partnership with a number of companies, including British Steel. Its roadmap, which is in line with UK commitments to the Paris Agreement, will see the business adopt a science-based target in order to validate its reductions.
   
   British Steel Environment and Sustainability Director Mr Lee Adcock said “We were pleased to play an active role in the creation of this ambitious roadmap. We welcome its publication and will keep working closely with our customers to reduce emissions in agreed timescales.”
   
   In October British Steel unveiled its Low-Carbon Roadmap, outlining its commitment to achieving net-zero status through the biggest transformation in its history. The company has pledged to invest in a range of technologies to deliver net-zero steel by 2050, and significantly reduce its CO2 intensity by 2030 and 2035.
5. voda 9 december 2021 07:10

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   Baosteel Develops High Grade Gear Steels for New Energy Vehicles
   
   Strategic Research Institute
   Published on :
   09 Dec, 2021, 5:18 am
   
   Baosteel has become the exclusive supplier of multiple varieties of gear steel for automakers as it has successfully developed a series of gear steel products for new energy vehicles, with relevant auto parts already certified by many automobile manufacturers such as Volkswagen. The orders for high-grade new energy vehicle gear steel that Baosteel received during the first ten months of this year have exceeded three times that of the full-year in 2020.
   
   Currently, Baosteel is stepping up the technical certification process for its high-grade gear steel products in well-known companies at home and abroad.
   
   Gear reducers are key components for new energy vehicles. The extremely strict standards for the quality of gear reducer on fatigue resistance, high torque, low deformation, etc. also put very high technical requirements on the steel used for the gear production.
6. voda 9 december 2021 07:11

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   EVRAZ ZSMK Supplies 100 Meter Rails for St Petersburg Metro
   
   Strategic Research Institute
   Published on :
   09 Dec, 2021, 5:21 am
   
   Russian steel maker EVRAZ ZSMK has shipped 310 tonnes of 100-meter P50 rails for the St Petersburg metro. This will improve safety and make metro travel more comfortable for passengers. The use of 100-meter rails simplifies the technology of laying rails on the road. Rails 25 meters long are welded into 125-meter strings. The use of 100 meter rails reduces the number of welds. This allows the metro to reduce the number of repairs and, accordingly, the cost of maintaining tracks, increases the safety of electric trains. Due to their smooth and quiet running, metro rides become more comfortable for passengers.
   
   EVRAZ ZSMK has been cooperating with domestic metros since their inception and is one of the main suppliers of rails for the subways of Moscow, St. Petersburg, Kazan, Novosibirsk, Nizhny Novgorod.
   
   Before the launch of the new rolling mill, EVRAZ ZSMK supplied only 25-meter rails. In 2015, for the first time, he sent the first batch of 100-meter differentially heat-strengthened rails of the P65 type of DT350 category to the Moscow metro. In total, since the launch of the new mill, the plant has supplied about 63 thousand tons of rails in lengths of 25 and 100 meters for the metro of Russia and the CIS countries, including for the Petersburg, Moscow, Nizhny Novgorod, Novosibirsk subways, the Tashkent subway and others.

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7. voda 9 december 2021 07:13

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   Tenaris Starts Expansion of Automotive Component Center in China
   
   Strategic Research Institute
   Published on :
   09 Dec, 2021, 5:23 am
   
   Work to expand production capacity at Tenaris’s automotive component center in Qingdao in China has begun. About 100 employees and suppliers gathered to mark the official start-up of the USD 11 million investment project, first announced in April, with the aim of growing Tenaris’s position in the Chinese airbag market. With this expansion, the component center will add 2,600 square meter its existing footprint for a total of 5,600 square meters, incorporating a third production line.
   
   The building expansion started on time despite challenges faced due to a tight construction period, the cold weather in winter, and the overlap with the traditional Chinese spring festival, which may cause a shortage of labor.
   
   Since opening its doors in 2016, the component center in China has been committed to providing high-quality products and excellent customer service. Tenaris hopes to start up the Component Center third line by the fourth quarter of 2022.
8. voda 9 december 2021 07:13

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   Fives Bronx Bags Straighteners Orders from Mexico, Russia & EU
   
   Strategic Research Institute
   Published on :
   09 Dec, 2021, 5:26 am
   
   Fives has signed several orders on Bronx straighteners for delivery to various countries, such as Mexico, Spain and Russia. Fives’ subsidiary designing and supplying finishing equipment worldwide Fives Bronx Chief Executive Officer Mr Jon Dunn said “Our successes are built on three pillars, reputation, reliability and experience. The machines are rigidly constructed and designed to meet high standards of straightness and surface finish for reliability and accuracy of seamless and welded tubular products.”
   
   A new 6-roll straightening machine has been ordered by a leading manufacturer of steel for its tube facility in Mexico. The Bronx machine, designed for mechanical tubing processing, is scheduled for the delivery in the second quarter of 2022.
   
   A heavy-duty 10-roll straightener has been contracted by a global steel pipe manufacturer for a plant located in south-eastern Russia. The new fully motorized machine will process high-yield seamless stainless steel pipes up to 280 mm in diameter and wall thicknesses of up to 30 mm.
   
   A European heavy industry solution provider has passed an order for the 5th Bronx straightener with equipment delivery scheduled for early 2023. It’s a fully automatic, fully motorized 11-roll straightening machine equipped with the very latest COMPASS, a computer automatic setting system, customized to provide management, maintenance and quality control information.
9. voda 9 december 2021 07:14

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   SAIL to Set Up 4 MW Floating Solar Project at IISCO Steel Plant
   
   Strategic Research Institute
   Published on :
   09 Dec, 2021, 5:29 am
   
   Steel Authority of India has invited bids to develop a 4 MW floating solar project on a turnkey basis at its IISCO Steel Plant in Paschim Bardhaman district in West Bengal. The scope of work includes design, engineering, manufacture, supply, erection, testing, and commissioning of the 4 MW floating solar project. The successful bidder must also provide comprehensive operations and maintenance services for five years from the date of the project’s commissioning.
   
   The modules used should be of crystalline silicon technology, having at least 72 cells per module. The wattage of the module must be 330 W or more.
   
   The project must be commissioned within 12 months from the effective date of the contract. The bidder must also install remote operation monitoring and Human Machine Interface system and its integration with Supervisory Control and Data Acquisition system for remote monitoring and control of solar panels.
   
   IISCO Steel Plant has a reservoir with two compartments of a total volume of about 280,000 cubic meters.
10. voda 9 december 2021 07:15

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    Ukraine's Steel Production in Jan-Nov 2021 up by 5% YoY
    
    Strategic Research Institute
    Published on :
    09 Dec, 2021, 5:31 am
    
    Ukrainian steel makers association Ukrmetalurgprom announced that Ukraine's steel production in January-November 2021 grew by 5.0% compared with the same period last year In January-November 2021, Ukraine produced 19.44 million tonnes of pig iron up 4.6% YoY, 19.64 million tonnes of steel up 5.0% YoY and 17.55 million tonnes of rolled metal up 5.0% YoY. Ukraine in 2020 had produced 20.42 million tonnes of pig iron up 1.8% from 2019, 20.62 million tonnes of steel down 1.1% and 18.43 million tonnes of rolled metal up 1.2%.
    
    Ukrmetalurgprom also reported that Ukraine’s domestic consumption of rolled products in January-October 2021 increased by 19.4% to 4.32 million tonnes. The share of imports in the total volume of Ukraine’s rolled products market accounted for 22.4%, or 970,000 tonnes, 6% down from the previous year. The share of flat products in the total imports increased and exceeded the share of rolled sections, 54.7% and 42.3% respectively. The main sources of Ukraine’s imports of rolled products were CIS at 35.4%, Asia 21.6% & EU 20.5%. During this period, about 12.63 million tons or 79.0% were exported. The main export markets of Ukrainian metal products in January-October 2021 were European Union at 36.5%, other Europe at 20.1% and NAFTA countries at 9.7%.
    
    
11. voda 9 december 2021 07:15

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    US Finished Steel Imports Surge by 44% YoY in Jan-Nov 2021
    
    Strategic Research Institute
    Published on :
    09 Dec, 2021, 5:33 am
    
    Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis data, the American Iron and Steel Institute has reported that For the first eleven months of 2021, total and finished steel imports into US were 29,239,000 net tons and 21,347, net tons, up 42.5% and 44.2%, respectively, from the same period in 2020. The estimated finished steel import market share in November was 25% and is 21% year-to-date.
    
    Products with significant year-to date increases vs. the same period in 2020 include hot rolled sheets up 126%, plates in coils up 102%, sheets and strip all other metallic coatings up 66%, wire rods up 60%, oil country goods up 60%, cut lengths plates up 59%, cold rolled sheets up 38%, hot rolled bars up 31%, heavy structural shapes up 30%, sheets and strip hot dipped galvanized up 28%, wire drawn up 24% and reinforcing bars up 21%).
    
    Through the first eleven months of 2021, the largest offshore suppliers were South Korea at 2,538,000 net tons up 42% from the same period last year, Turkey 1,437,000 net tons up 162% and Japan 982,000 net tons up 38%.
    
    November - US steel import permit applications for the month of November totaled 2,678,000 net tons. This was 3.2% increase from the 2,594,000 permit tons recorded in October 2021 and a 2.2% decrease from the October final imports total of 2,740,000 net tons. Import permit tonnage for finished steel in November was 2,304,000 net tons, down 2.2% from the final imports total of 2,356,000 in October.
    
    Finished steel imports with large increases in November permits vs. the October final imports include black plate up 82%, heavy structural shapes up 53%, sheets and strip all other metallic coatings up 32%, hot rolled bars up 32%, standard pipe up 26%, line pipe up 26%, sheets and strip hot dipped galvanized up 21%, tin plate up 21%, oil country goods up 16% and cold rolled sheets up 14%.
    
    In November, the largest finished steel import permit applications for offshore countries were for South Korea at 220,000 net tons down 2% from October final, Vietnam 191,000 net tons up 74%, Japan 153,000 net tons up 90%, Turkey 118,000 net tons down 21% and The Netherlands 94,000 net tons up 76%).
12. voda 9 december 2021 07:30

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    JSW & JSPL Report MoM Increase in November Crude Steel Production
    
    Strategic Research Institute
    Published on :
    09 Dec, 2021, 5:36 am
    
    According to initial estimates by India’s Ministry of Steel’s Joint Plant Committee & announcements by some companies, Indian primary steel maker ie Tata Steel, SAIL, JSW Steel, AMNS India, JSPL & RINL have reported mixed performance for crude steel output in November 2021.
    
    Tata Steel – 1.55 million tonne, down 6% MoM (JPC)
    
    SAIL -1.47 million tonne, down 4% MoM (JPC)
    
    JSW Steel – 1.46 million tonne, up 2% MoM (Company)
    
    JSPL – 0.674 million tonne, up 8% MoM (Company)
    
    AMNS India – 0.46 million tonne (Derived from JPC figure of 2.59 million tonnes for JSW Steel, JSPL & AMNS India)
    
    RINL – 0.42 million tonne, down 2% MoM (JPC)
    
    JSW Steel reported the crude Steel production for the month of November 2021 was at 1.460 million tonnes on standalone basis. These numbers exclude trial production from Phase II expansion of Dolvi works for part of the month of November'21.
    
    Crude Steel - 1.460 million tonnes, up 2% MoM & up 10% YoY
    
    Flat Products - 0.999 million tonnes, down 4% MoM & up 4% YoY
    
    Long Products -0.332 million tonnes, down 1% MoM & up 13% YoY
    
    Jindal Steel and Power Limited’s steel production increased by 10 % YoY to 0.674 million tonnes in November 2021 as compared to 0.614 million tonnes of steel production in the previous year. JSPL's November 2021 steel sales were lower by 5% YoY at 0.539 million tonnes due to non-availability of Indian Railway rakes on demand. Exports contributed 15% to the total sales volumes
    
    According to initial estimates by India’s Ministry of Steel’s Joint Plant Committee, India’s crude steel output in November 2021 was 9.64 million tonne, flat YoY as compared to 9.61 million tonne in November 2020 but down 2% MoM from 9.61 million tonne in October 2021.

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13. voda 9 december 2021 07:39

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    IREPAS Expects Stable Outlook for Long Products in Q1 of 2022
    
    Strategic Research Institute
    Published on :
    09 Dec, 2021, 5:38 am
    
    Association of producers and exporters of long steel products IREPAS sees that demand would slow down in the global long steel products market due to slow season in the northern hemisphere and approaching holidays. IREPAS said that “Market activity may remain slow until the Chinese New Year holidays and so we may see further price erosion in the coming weeks. However, such erosion should be limited due to higher costs of production. There is an energy shortage, and the cost of energy is higher. Moreover, since steel production is already at pre-pandemic levels and since that keeps alloying elements, refractories and electrodes all at high prices, this will be another supporting factor for higher costs of steel compared to the same period last year, preventing any sharp drops in prices of steel. Higher freight rates are also supporting higher steel prices in the international market.”
    
    It said “Steel supplied to consumers and customers worldwide in 2021 has been determined by availability and price. Nowadays, there has started to be a shift to volumes in the international market. Competition in the market is getting stronger as there are not many markets left for exports; however, order books are still satisfactory. There are even some Chinese origin offers appearing in the market. The current status of the market is generally stable despite some fluctuations in certain areas. The market is now more volume-driven. The outlook for the first quarter is mostly stable, particularly as no supply pressure is expected.
14. voda 9 december 2021 12:33

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    Krakatau fears bankruptcy by year-end
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    Krakatau Steel could go bankrupt by year-end if the several steps being taken to restructure the Indonesian state-owned enterprise’s debt fail, says Minister of Stated Owned Enterprises (SOE) Erick Thohir.
    
    “Krakatau Steel must take three steps [to restructure], but the third step [blast furnace investment] is still deadlocked,” Thohir observes. “In addition, negotiations with Posco, one of the two reorganising firms, were also critical but not easy. If the two parties fail to reach an agreement three times in a row, the company faces bankruptcy.”
    
    Thohir reveals that Krakatau was in negotiations with Chinese partners, but was put off by the excessive investment required, including to repair blast furnaces. In negotiations with Posco, the Indonesian government requires equity to be split equally, but Posco has not given any response to this proposal.
    
    The South Korean steelmaker planned to invest $3.7 billion into Krakatau in two phases for the production of hot rolled coil, and new iron and steel production facilities (see Kallanish passim).
    
    Krakatau Steel also made a plan to sell 40% of PT Krakatau Sarana Infrastruktur, its wholly-owned subsidiary, to repay debts. It would thus retain its status as a major shareholder after the transaction. However, it could also increase the share sale to 70%.
    
    In addition, Thohir has encouraged the Indonesia Investment Authority, the so-called LPI, to invest in Krakatau Steel.
    
    By Kallanish Team
15. voda 10 december 2021 07:16

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    American Precoat Opens Electro Galvanized Steel Plant at Valsad
    
    Strategic Research Institute
    Published on :
    10 Dec, 2021, 5:06 am
    
    Auto Evolution reported that American Precoat Specialty Pvt Ltd has opened continuous Electro-Galvanized Steel plant in India at Valsad in Gujarat. Electro galvanized steel is carbon steel with a corrosion-resistant zinc coating applied to one or both of its sides by electro-deposition. The continuous electrolytic coating process covers the steel surface with an exceptionally uniform thickness, which can enhance forming and joining operations. American Precoat Specialty Promoter Dr Shubh Gautam said "American Precoat makes an absolute substitute of the imported steel and stands tall with its head held high as a landmark to refrain our nation's exchequer to be loaded with millions of dollars, to import the EG still from outside the territory of our country."
    
    India imports Electro-Galvanized Steel from suppliers such as South Korea, China and Taiwan to meet the requirements of automobile industries.
    
    India has initiated a probe this year into alleged dumping of electrogalvanized steel from Korea, Japan, Singapore following a complaint by a domestic company. American Precoat Speciality Pvt Ltd. Directorate General of Trade Remedies had said "The authority, hereby, initiates an investigation to determine the existence, degree and effect of any alleged dumping in respect of the subject goods originating in or exported from the subject countries and to recommend the amount of anti-dumping duty, which if levied, would be adequate to remove the injury to the domestic industry.”

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16. voda 10 december 2021 07:18

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    JFE Develops Nickel Free Alloy Steel Powder FM1300S
    
    Strategic Research Institute
    Published on :
    10 Dec, 2021, 5:08 am
    
    JFE Steel, which has a high tensile strength of 1300MPa class and toughness and fatigue strength equal to or higher than Ni-containing alloy steel powder, even though it does not contain nickel making it machinable, has developed the Ni-free alloy steel powder "FM1300S" for excellent powder metallurgy applications. When manufacturing sintered parts at the customer's factory, parts can be manufactured by ordinary sintering instead of high-temperature sintering that exceeds 1200 degree Celsius using a special furnace, which is a significant cost. Not only can it be reduced, but energy consumption and CO2 emissions can also be reduced.
    
    Alloy steel powder containing 4% Ni is widely used for sintered parts, but it is said that not only the machinability deteriorates after sintering and the processing cost increases, but also it is easily affected by the Ni market conditions. There are challenges. We have developed and sold the Ni-free alloy steel powder "FM series" with a diverse lineup, and have contributed to improving the product quality and reducing costs for our customers. On the other hand, for parts that require 1300 MPa class tensile strength, high-temperature sintering is required regardless of whether 4% Ni alloy steel powder or Ni-free alloy steel powder is used. Further cost reduction was required.
    
    Therefore, JFE has developed the alloy steel powder "FM1300S", which is a mixture of fine copper powder and high-purity pure iron powder in which molybdenum powder is diffused and adhered. Since fine Cu powder and Mo powder on the surface of the particles promote sintering, we succeeded in increasing the tensile strength to exceed 1300 MPa even in normal sintering. In addition, high-purity pure iron powder enables high density during compression molding, achieving high strength, high toughness, and high fatigue strength equal to or higher than that of 4% Ni alloy steel powder
    
    This not only significantly reduces costs, but also reduces energy consumption and CO 2 emissions compared to conventional high-temperature sintered parts with a tensile strength of 1300 MPa. In the future, JFE aims to apply it to automobile parts such as sprockets that require high strength, and construction machinery parts that require wear resistance.
    
    High-temperature sintering A sintering method in which parts are placed side by side on a special tray with high heat resistance and inserted one tray at a time in a sintering furnace at around 1,250 degree Celsius with a pusher device.
    
    Ordinary sintering Sintering using the most commonly used mesh belt furnace maximum temperature 1,150 degree Celsius. Since parts can be inserted continuously with a belt conveyor, productivity is higher than that of high-temperature sintering.

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17. voda 10 december 2021 07:18

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    Clean TeQ Water Appoints MCC ECEP as Distributor for BIONEX
    
    Strategic Research Institute
    Published on :
    10 Dec, 2021, 5:11 am
    
    Clean TeQ Water has signed an exclusive distribution agreement with the MCC Energy Conservation and Environmental Protection. The distribution agreement follows successful conclusion of a pilot at a Tianjin steel factory. In this test, Clean TeQ’s BIONEX technology was used to remove nitrate from waste-water effluent without the use of membranes and with minimal brine production thus reducing the operating cost and minimizing the environmental footprint. The agreement between the Parties will be effective immediately, and as part of the distribution agreement Clean TeQ Water will work with MCC Environment exclusively in promoting this BIONEX technology across the steel sector in China in which MCC Environment holds a majority market share. The exclusivity will be for an initial period of three years provided minimum revenue objectives are met. The steel sector in China is expected to increase its investment in water treatment over the coming years to meet increasingly stringent effluent regulations and also to reduce carbon emissions by installing more energy efficient water technologies.
    
    Following the pilot and this agreement, MCC Environment has commissioned Clean TeQ to start the detailed design for a large-scale treatment facility at the pilot site with the intention to commission this plant before the end of the 2022, all subject to the signing of an EPC contract. MCC Environment will also become a non-exclusive distributor of the BIONEX technology for urban and rural sewage treatment outside of the steel sector.
    
    MCC Environment is a subsidiary of China Metallurgical Corporation of China, a state-owned Chinese EPC company and leader in the Chinese iron and steel industry. MCC itself is part of the Minmetals group, a global fortune 500 mining company. MCC Environment is focused on providing equipment and design services related to waste processing and recycling for MCC Environment and to external customers.
18. voda 10 december 2021 07:19

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    • voda

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    SIDMA STEEL Reports Significant Improvement in Financial Results
    
    Strategic Research Institute
    Published on :
    10 Dec, 2021, 5:13 am
    
    Greek steel processor & distributor SIDMA STEEL SA announced that the strong upward trend of the Turnover was maintained, which amounted to EUR 55,602 thousand compared to € 32,855 thousand in the corresponding period of 2020, recording an increase of 69.2%. The high profitability was maintained both in terms of EBITDA of EUR 6,044 thousand against EUR 1,674 thousand and profits before taxes of EUR 3,897 thousand against losses of EUR 134 thousand.
    
    Regarding the first nine months of the year, the turnover of the Group amounted to EUR 162.0 million or 72.1% higher compared to the corresponding period of 2020, while together with the consignment sales amounted to EUR 197.2 million from EUR 115.4 million that is, increased by 70.9% compared to last year. EBITDA amounted to EUR 25,170 thousand from EUR 3,515 thousand last year, while the profit before taxes amounted to profits of EUR 32,184 thousand from losses of EUR 1,902 thousand in the corresponding period last year.
    
    Outlook – “Regarding the uncertainty and risks of Covid-19, the fourth wave of the pandemic could affect the short-term growth prospects of the Greek economy, with a negative impact on the Group's financial size, however such a development does not seem to materialize at present in the basic scenarios of forecasts of economic agents and analysts. In addition, our experience of 2020 shows that the demand for steel can only be affected under conditions of general lockdown, but such a measure has been categorically ruled out by the Government. We estimate that the growth rate of Greek economy is more likely to be halted due to the increase in energy costs, the general inflationary pressures exerted in the global economy by the disruption of supply chains due to COVID-19 and the climate crisis.”
    
    Founded in 1931 and listed on the ATHEX since 2005, SIDMA STEEL is a leading Greek company in the field of trading and industrial processing of steel products. It operates integrated Steel Service Centers in both Athens and Thessaloniki. SIDMA Steel imports, trades, and processes steel products. The Company offers flat rolled steel, merchant bars, beams, plates, tubes, and wire products.
19. voda 10 december 2021 07:19

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    Interpipe Reports MoM Decline in Sales in October 2021
    
    Strategic Research Institute
    Published on :
    10 Dec, 2021, 5:16 am
    
    Ukrainian producer of steel pipes and railway products Interpipe reported that it’s trading activity, both in pipe and railway product segments, slowed down in October 2021 after consecutive months of continuous growth mainly due to a pattern and schedule of deliveries. Overall pipe product sales in October 2021 declined 33.9% MoM but still remained 16.6% YoY higher for the first ten months 2021
    
    OCTG sales fell by 64.2% MoM across all main markets. Supplies muted following their peak in September as some volumes were shifted to November. However, on the YoY basis for the first ten months 2021 sales volumes more than doubled
    
    Linepipe sales volume similarly contracted by 24.8% MoM after a record volume sold in September. Sales for the first ten months 2021 went up by 5.6% YoY
    
    Mechanical pipe sales decreased by 25.8% MoM driven by a decline in sales to Ukraine and Belarus. Besides, there were sales to Saudi Arabia in September which made this month a high base for comparison. Sales volumes since the start of the year had risen by 37.0% YoY
    
    Welded pipe sales hiked by 54.6% MoM primarily amid larger supplies of small diameter pipes to Europe as well as to the domestic market. Sales for the first ten months 2021 subdued by 32.3% YoY affected by sky-rocketed HRC prices earlier this year
    
    Sales volumes of railway products showed a MoM decline of 18.8% following lower sales to the CIS and pause in the delivery schedule to India after 8% of total sales volumes was sold there in September. For the first ten months 2021 sales volumes of railway products underperformed by 12.7% YoY, however the gap in volumes vs 2020 has been gradually narrowing.
20. voda 10 december 2021 07:19

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    • voda

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    Steel Minister Directs SAIL for Timely Completion of Projects
    
    Strategic Research Institute
    Published on :
    10 Dec, 2021, 5:18 am
    
    India’s Union Steel Minister Mr Ram Chandra Prasad Singh chaired a meeting to review the progress of capital expenditure by Steel CPSEs against their annual target of INR 13,300 crores for the year 2021-22. The Union Minister reviewed the progress of CAPEX projects of the Steel CPSEs and once again emphasized the utmost importance of timely completion of project works. He advised setting daily targets and close monitoring for time bound project implementation.
    
    He directed CMDs to redouble efforts to ensure that there are no slippages in milestones for achieving the project targets for the year 2021-22.
    
    Minister of State for Steel and Rural Development Mr Faggan Singh Kulaste, the CMDs of Steel CPSEs viz. SAIL, NMDC, RINL, KIOCL MOIL and MECON and senior officers of the Ministry of Steel attended the meeting.