ArcelorMittal LU1598757687

Nieuws en info hier plaatsen (deel 4)

1. voda 30 december 2021 06:47

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 18 apr 2024

   • Aanbevelingen

     Ontvangen: 81641

     Gegeven: 20842

   •    Aantal posts: 363.899

   POSCO Permanently Shuts Iconic Blast Furnace No 1 at Pohang Plant
   
   Strategic Research Institute
   Published on :
   30 Dec, 2021, 5:29 am
   
   South Korean steelmaker POSCO has permanently shut down the blast furnace No 1 at its Pohang plant on 29 December 2021 as its lifespan has ended. South Korea’s first blast furnace, which was renovated twice since its commencement in 1973, produced a total of 55.2 million tonnes of crude steel over a period of 48 years and six months. POSCO will turn the blast furnace No 1 into a museum, considering the historical value of the furnace. Posco President Mr Kim Hag-dong said “I still remember Honorary Chairman Park and his staff cheering and crying in front of the No 1 blast furnace when it started production. The Pohang No 1 blast furnace and the employees played important roles to transform a small country without a proper factory into one of the world’s top 10 economic powerhouses in a short period of time.”
   
   POSCO stated that it will improve the production at its remaining eight blast furnaces in order to make up for the annual decline of one million tonne in output caused by the shutdown.
   
   Earlier, Posco said it will also consider closing or renovating the No. 2 furnace in Pohang as early as 2025, to boost overall productivity by shutting older facilities or keep them up to date. The facility began working since 1976.

   Bijlage:
2. voda 30 december 2021 06:50

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 18 apr 2024

   • Aanbevelingen

     Ontvangen: 81641

     Gegeven: 20842

   •    Aantal posts: 363.899

   Offshore Wind Farm Hornsea 2 Generates First Power
   
   Strategic Research Institute
   Published on :
   30 Dec, 2021, 5:30 am
   
   First power on Hornsea 2, which is located 89 km off the UK's east coast, was achieved after its offshore substation, the world’s largest offshore AC substation, and reactive compensation station, were installed in late October 2021. Since that time, Ørsted and its partner companies have been working hard to commission and energise the wind farm in preparation for its anticipated operational date next year.
   
   Once Hornsea 2 is completed, power will be transferred from the 165 wind turbines via 373 km of array cables to the OSS and RCS, reaching the national grid via 390 km of offshore and 40 km of onshore export cables which terminate at the onshore substation in Killingholme.
   
   A further two projects in the Hornsea Zone are also underway with Hornsea 3 receiving a Development Consent Order in December 2020 and Hornsea 4 currently going through the planning process. Collectively, the projects would make a significant contribution to the UK government’s target of achieving net-zero by 2050.
3. voda 30 december 2021 06:50

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 18 apr 2024

   • Aanbevelingen

     Ontvangen: 81641

     Gegeven: 20842

   •    Aantal posts: 363.899

   India Plans to set up 50-70 Auto Shredders in 5 Years
   
   Strategic Research Institute
   Published on :
   30 Dec, 2021, 5:32 am
   
   India’s Road Transport & Highways Minister Mr Nitin Gadkari last week said that the Indian government has set a target to facilitate the setting up of 50-70 Registered Vehicle Scrapping Facilities across the country over the next five years with comprehensive infrastructure to increase the value from vehicle scrapping from 70% at present to 90%. He said that “The government has announced a citizen-centric vehicle scrapping policy under which voluntary scrapping is being targeted, based strictly on fitness, irrespective of the age of the vehicle. If a vehicle fails an automated fitness test, it will be permitted a re-test after the necessary repairs, and a re-inspection, if ordered by the Appellate Authority. After this, it will be declared an End-of-Life Vehicle.”
   
   Mr Gadkari said that the Vehicle Scrapping Policy will reduce pollution, improve tax revenues, grow the automobile sector, boost exports and create jobs. It is a win-win situation, in which investment on a high scale can come in.
   
   In recent months, companies floated by domestic automobile majors like Mahindra Cero, Tata Motors and Maruti Suzuki Toyotsu have inked agreements with various state governments to set up vehicle scrapping units.
   
   Mahindra Cero – 40,000 vehicles per annum (Maharashtra)
   
   Tata Motors - 35,000 vehicles per annum (Maharashtra)
   
   Maruti Suzuki Toyotsu – 24,000 vehicles per annum (Uttar Pradesh)
4. voda 30 december 2021 06:51

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 18 apr 2024

   • Aanbevelingen

     Ontvangen: 81641

     Gegeven: 20842

   •    Aantal posts: 363.899

   China to Decarbonize Steel Sector & Promote Mergers in 2021-25
   
   Strategic Research Institute
   Published on :
   30 Dec, 2021, 5:35 am
   
   China pledged to cut carbon emissions from and reduce steel capacity under a five-year plan while plant utilization rates should stay at a reasonable level. China’s Ministry of Industry and Information Technology announced that China’s steel capacity will decrease by 2025 and it would explore staggered production mechanisms for the steel sector. According to the MIIT, in 2021-25, China will continue to come under pressure from excess production capacity, and will need to deal with problems in guaranteeing resources and in the fields of green and low-carbon industrial concentration. China will implement a set of energy consumption standards for iron and steelmaking from January 1, 2022 to align them with the country’s decarbonization guidelines. Other targets in the five-year plan include:
   
   Cut energy intensity for steelmaking by 2%
   
   Steel mills that don’t meet ultra-low standards on air pollution could be closed or relocated, among other measures
   
   Strictly curb coal consumption in steel sectors
   
   Implement staggered production in steel industry
   
   Ministry of Industry and Information Technology said that China will support mergers and reorganizations of regional steel enterprises, aiming to change the situation of the excess number of small steel enterprises in regions. At the same time, China will guide hot rolled enterprises and coking plants to take part in the merger and reorganization of steelmakers in Beijing, Tianjin and in Hebei Province. China will encourage leading steel enterprises to undergo mergers and reorganization during the 2021-25 periods, aiming to create several world-class ultra-large steelmakers. Moreover, China will respectively foster the creation of just one or two leading enterprises in the stainless steel, special steel, seamless steel and cast tube industries.
   
   China will also strengthen the exploration of domestic iron ore and support the development of recycling metals to enhance its resource self-efficiency.
5. voda 31 december 2021 07:32

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 18 apr 2024

   • Aanbevelingen

     Ontvangen: 81641

     Gegeven: 20842

   •    Aantal posts: 363.899

   OMK Supplies Pipes for Expansion of LNG Terminal in Poland
   
   Strategic Research Institute
   Published on :
   31 Dec, 2021, 4:38 am
   
   Russia’s United Metallurgical Company OMK has supplied pipes with a diameter of 813 mm for the expansion project of the liquefied gas regasification terminal in Swinoujscie in Poland, which ensures the import of LNG to Poland. The products were made from own rolled stock from high-quality fine-grained S355MH steel at OMK's flagship plant in the Nizhny Novgorod Region, which is certified by the largest international oil and gas companies. Deliveries took place in the 2-3rd quarter of 2021. The test methods and requirements for production control of pipes at the OMK plant are approved by the certificate of conformity 0035-CPR-A185 in accordance with the requirements of the Regulation for construction products 305/2011 / EU.
   
   Lech Kaczynski LNG Terminal in Swinoujscie was commissioned in spring 2016. The terminal's annual regasification capacity is 5 billion cubic meters. The plant also has two cryogenic LNG storage tanks with a capacity of 160,000 cubic meters each.
   
   OMK has been operating on the Polish market for 20 years. It’s advantage is the production of a full cycle, including sheet rolling, forming and welding of pipes, as well as local or volumetric heat treatment of the weld, depending on the requirements of consumers.

   Bijlage:
6. voda 31 december 2021 07:34

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 18 apr 2024

   • Aanbevelingen

     Ontvangen: 81641

     Gegeven: 20842

   •    Aantal posts: 363.899

   EVRAZ to Commission Modernized NTMK Rail & Beam Mill in 2024
   
   Strategic Research Institute
   Published on :
   31 Dec, 2021, 4:40 am
   
   The project of modernization of Russian steel maker EVRAZ’s NTMK rail and beam shop was included in the number of priority investment projects in the Sverdlovsk region. After technical re-equipment, the mill will begin production of new types of rolled metal, and its capacity will increase from 800 thousand tonnes to 950 thousand tonnes of rolled metal per year. According to preliminary estimates, the volume of investments will amount to USD 210 million. The renewed mill is planned to be commissioned in 2024.
   
   The technical re-equipment involves the installation of a horizontal roller straightening machine for straightening beams and sheet piles, new cold-cutting saws for cutting rolled products, a group of stands for rolling in a four-high mode with automated adjustment of stands and profile control at the mill. Cooling on the refrigerator will be carried out without dragging, which will eliminate surface defects and dents from moving around the refrigerator. Also, the shop will be equipped with equipment for straightening rolled products before cutting and accelerated cooling of I-beams during rolling at the mill. Metal products will be packaged and weighed.
   
   All units will be equipped with electronic sensors that will allow monitoring the straightness and other parameters of rolled products over a distance of almost 10 kilometers: from placing the rail billet in the furnace to dispatching the finished rolled product.
   
   Technical re-equipment of the rail and structural shop will allow to expand the range of the mill and start production in the division of U-shaped sheet piles up to 600 mm wide, I-beams with a height of 130 to 450 mm, railway rails according to European standards (up to 25 m long), crane rails, asymmetrical L-shaped flat bulbs height from 270 mm to 600 mm.
   
   In 2010-2011, a reconstruction was carried out in the EVRAZ NTMK rail and structural shop, during which a descaling machine, a branding machine that allows identifying each rail, a non-destructive testing line, two hydraulic presses for straightening the ends of rails in two planes and drilling and cutting machines were installed, which allow to cut to custom lengths and drill holes in heat-strengthened rails.
7. voda 31 december 2021 07:34

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 18 apr 2024

   • Aanbevelingen

     Ontvangen: 81641

     Gegeven: 20842

   •    Aantal posts: 363.899

   Jindal Power Acquisition by Worldone Cleared by CCI
   
   Strategic Research Institute
   Published on :
   31 Dec, 2021, 4:43 am
   
   The Competition Commission of India has approved the acquisition of stake in Jindal Power Limited by Worldone. Jindal Steel & Power Limited had announced receiving INR 7,401 crore revised offer from Worldone Private Limited in July 2021 to acquire the 96.42% stake in Jindal Power Ltd. The company had informed that out of the INR 7,401 crore, INR 3,015 crore will be paid in cash, while the balance INR 4,386 crore will be settled by way of assumption and takeover of liabilities and obligations of JSPL in relation to inter-corporate deposits and the capital advances extended by JPL to JSPL.
   
   Worldone Private Ltd is a private company owned by the Promoter Group of JSPL, managing and holding investments across various listed and unlisted companies.
8. voda 31 december 2021 07:35

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 18 apr 2024

   • Aanbevelingen

     Ontvangen: 81641

     Gegeven: 20842

   •    Aantal posts: 363.899

   Year End Update on Privatization of Pakistan Steel Mill
   
   Strategic Research Institute
   Published on :
   31 Dec, 2021, 4:45 am
   
   The News International reported that Pakistan Government has asked Sui Southern Gas Company to take up the issue of Pakistan Steel Mills multi-billion rupees of liabilities, utility connections, and issuance of NOC with its board to pave way for targeted to hold bidding of the majority stakes sale of the Pakistan Steel Mills Corporation in March-April 2022. Sui Southern Gas Company is asked to take up the matter in its board meeting and issue the requisite NOC so that the process of privatization of Pakistan Steel Mills could be completed without hindrance in stipulated time.
   
   The government had earlier submitted the Scheme of Arrangement of the PSM to the Securities & Exchange Commission of Pakistan and sought its approval on it. Securities & Exchange Commission of Pakistan has replied to the Privatization Commission to clear some of the pending issues, including clearance of liabilities, following which the regulator could approve the Scheme of Arrangement. Consequently, the issue was raised with major focus on the availability of utility connections to the newly formed subsidiary of Pakistan Steel Mills, its liabilities towards Sui Southern Gas Company and issuance of NOC from Sui Southern Gas Company, which is mandatory for seeking approval for Scheme of Arrangement from the Securities & Exchange Commission of Pakistan.
   
   Headquartered in Karachi in Sindh, Pakistan Steel Mills Corporation has a production capacity of 1.1 million tonnes of steel and iron foundries. Built with extensive contributions from the Soviet Union in the 1970s, it was among the largest industrial mega-corporation complexes in Pakistan,
9. voda 31 december 2021 07:36

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 18 apr 2024

   • Aanbevelingen

     Ontvangen: 81641

     Gegeven: 20842

   •    Aantal posts: 363.899

   Tata Steel Certified as Great Place to Work Again
   
   Strategic Research Institute
   Published on :
   31 Dec, 2021, 4:48 am
   
   Tata Steel has been certified as a Great Place to Work organization in India for the fifth time by Great Place to Work® Institute. The annual certification from the Great Place to Work® Institute recognizes Tata Steel’s efforts towards building an organization of High-Trust and High-Performance Culture.
   
   Over the years, Tata Steel has introduced several path-breaking policies, practices, and initiatives for various segments of the workforce. The Company has been constantly innovating and pioneering people practices in the realms of hiring, engagement, diversity & inclusion, rewards & recognition, employee relations, social security, and career & development. This year, Tata Steel successfully on boarded 14 transgender in core mining operations & 38 women Heavy Earth Moving machinery operators in a path breaking initiative. The Company has been pioneering worker welfare schemes and community initiatives even during the pandemic and introduced the Agile Working Model in 2020. Earlier this year, Tata Steel has been named as one of ‘India’s Best Employers Among Nation-Builders’, by Great Place to Work® India in a special category introduced in 2021, as a part of a national study.
   
   Over the last 114+ years, Tata Steel has emerged as one of the most employee-friendly companies in the world and is known for creating industry standards in the field of human resources. The Company has been a pioneer in employee welfare schemes and community initiatives, even before the legislation mandated them. A few of these include the 8-hour workday, Leave with Pay, Workers’ Provident Fund Scheme, all of which were adopted by the International Labor Organization and enacted by the Law in India. Tata Steel’s people first approach continues to translate to pioneering initiatives and milestones such as 100+ years of industrial harmony, 5-day work week, gender neutral leaves, menstrual leave, benchmark social security schemes, equal benefits for LGBT+ and more.
   
   Every year, more than 10,000 organizations from over 60 countries partner with Great Place to Work® Institute for assessment, benchmarking, and planning actions to strengthen their workplace culture. Great Place to Work® Institute’s methodology is recognized as a rigorous and objective work culture assessment process. It is considered the gold standard in identifying and recognizing great workplace cultures.

   Bijlage:
10. voda 31 december 2021 07:38

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 18 apr 2024

    • Aanbevelingen

      Ontvangen: 81641

      Gegeven: 20842

    •    Aantal posts: 363.899

    British Steel Reported Loss in 2020 as COVID19 Hit Demand
    
    Strategic Research Institute
    Published on :
    31 Dec, 2021, 4:51 am
    
    The Guardian reported that British Steel sank to a loss of GBP 140 million in 2020 that showed financial difficulties even after it was taken over by a new Chinese owner. The drop in demand from automotive customers was a key factor in the GBP 140 million operating loss for 2020, as car factories were shut temporarily at the start of the coronavirus pandemic.
    
    According to accounts filed at Companies House “British Steel lost GBP 69 a tonne on 2.6 million tonnes of steel produced during 2020, Jingye’s first year in charge. It made revenues of GBP 844 million during the year. The accounts showed a profit overall for the year of GBP 295 million, although that was only achieved through a GBP 410m paper profit resulting from the GBP 24 million knockdown price for assets that were valued at GBP 434 million. Jingye also lent its new British subsidiary GBP 220 million to use as cash to run day-to-day operations.”
    
    British Steel was saved from liquidation in 2019 when Jingye stepped in to buy it for only GBP 24 million, after months of subsidized operations as the government pushed to find a buyer for an important industrial employer. Its previous owner, the private equity firm Greybull Capital, exited after only three years in charge. British Steel employs about 3,000 people at a steelworks in Scunthorpe in north Lincolnshire in UK. British Steel is now owned by a holding company, Jingye Steel (UK) Holding Limited.
11. voda 31 december 2021 07:39

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 18 apr 2024

    • Aanbevelingen

      Ontvangen: 81641

      Gegeven: 20842

    •    Aantal posts: 363.899

    Rama Steel Tubes to Supply Poles to UP Power Corporation
    
    Strategic Research Institute
    Published on :
    31 Dec, 2021, 4:56 am
    
    Rama Steel Tubes Limited announced that it has secured a new order worth INRs 4.33 crore from Uttar Pradesh Power Corporation Limited. This order entails the supply of 2500 electrical poles that amount to 580 tonnes. Rama Steel Tubes Limited Chairman & Managing Director Mr Naresh Kumar Bansal said that “We are pleased to announce that our sustained relationship and credibility has yet again assisted us bagging in this new prestigious order from UPPCL. Even in the past, RSTL has been associated with many State Corporations, and we celebrate our long-standing relationship with them. These order with help us in strengthening our position and credibility in the market. These orders will also help us in achieving our targeted revenues at a slightly faster rate than what we had anticipated."
    
    Before this order, Rama Steel Tubes Limited had secured an order for 7000 poles amounting to 1624 tonnes from Uttar Pradesh Power Corporation Limited.
    
    One of the leading manufacturers of steel pipes & tubes and PVC & GI Pipes in India, Rama Steel Tubes Limited was established in 1974. Its plant is near New Delhi in the industrial belt of Sahibabad and product portfolio includes ERW black pipes from 15mm to 200mm diameter pipes confirming to IS: 1239, IS:1161, IS:3589, IS:3601, & IS:4270 and GI Pipes from 15mm to 150mm NB in light, medium, and heavy sizes.
12. voda 31 december 2021 07:39

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 18 apr 2024

    • Aanbevelingen

      Ontvangen: 81641

      Gegeven: 20842

    •    Aantal posts: 363.899

    PUC Transmission Lines to Power Upcoming EAF’s of Algoma Steel
    
    Strategic Research Institute
    Published on :
    31 Dec, 2021, 4:58 am
    
    PUC Transmission announced a new project that will see PUC Transmission investing CAD 100 million to construct transmission facilities that will bring additional power into Sault Ste Marie’s west end and that will provide power to Algoma Steel Inc’s new electric-arc furnaces. The new high-voltage line will help facilitate electricity transmission from the city’s north end to a new Transmission station near Algoma Steel. The new transmission line will support the steel plant and its CAD 700 million project to build and operate two new state of the art electric arc furnaces, which will lead to 70% reduction in carbon emissions.
    
    Axium Infrastructure Inc will partner with PUC Transmission on the new powerline project that is anticipated to be completed by the end of 2024.
13. voda 31 december 2021 07:39

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 18 apr 2024

    • Aanbevelingen

      Ontvangen: 81641

      Gegeven: 20842

    •    Aantal posts: 363.899

    MMK Disagrees with FAS on Violations in Antimonopoly Case
    
    Strategic Research Institute
    Published on :
    31 Dec, 2021, 5:00 am
    
    Russian steel maker Magnitogorsk Metallurgical Plant announced that it does not agree with the preliminary conclusion of the Federal Antimonopoly Service of Russia to establish monopoly high prices and will continue to prove its commitment to fair market competition. As part of the case against MMK, on December 29, 2021, the Commission of the Federal Antimonopoly Service presented an opinion on the circumstances of the case, according to which MMK's actions revealed a violation of antimonopoly legislation and maintaining monopoly high prices for hot-rolled flat products from January 2021. MMK, having familiarized itself with the conclusion on the circumstances of the case, considers the conclusions of the commission to be unfounded and inconsistent with the factual circumstances.
    
    During 2021, PJSC Magnitogorsk Iron and Steel Works provided comprehensive evidence that MMK is not the dominant seller in the flat steel market and does not violate antitrust laws. As MMK stated earlier, the market for hot-rolled flat products is volatile and the price changes that occurred in 2021 were the result of market conditions.
    
    PJSC MMK will continue to participate in the consideration of the case and provide reasoned evidence to the FAS of the economic feasibility of its pricing and adherence to the principles of fair competition.
14. voda 31 december 2021 07:40

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 18 apr 2024

    • Aanbevelingen

      Ontvangen: 81641

      Gegeven: 20842

    •    Aantal posts: 363.899

    Mr Sanjay Kumar Singh Assumes Charge as Steel Secretary
    
    Strategic Research Institute
    Published on :
    31 Dec, 2021, 5:02 am
    
    Mr Sanjay Kumar Singh, a 1987 batch IAS officer of Madhya Pradesh cadre, has assumed charge as the Secretary of Ministry of Steel in New Delhi. Before assuming the present post, Mr Sanjay Kumar Singh was holding the post of Secretary Department of Administrative Reforms and Public Grievances and Department of Pensions and Pensioners Welfare.
    
    Mr Singh succeeds Mr PK Tripathi Secretary Department of Personnel and Training & Secretary Steel.
15. voda 31 december 2021 07:40

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 18 apr 2024

    • Aanbevelingen

      Ontvangen: 81641

      Gegeven: 20842

    •    Aantal posts: 363.899

    Court Orders Sale of Nippon Steel’s Confiscated Assets South Korea
    
    Strategic Research Institute
    Published on :
    31 Dec, 2021, 5:05 am
    
    Local media reported that South Korea’s Daegu District Court's Pohang branch has ordered the sale of confiscated assets of Nippon Steel Corp to compensate plaintiffs in a wartime forced labor lawsuit. It follows one in September in another case involving Mitsubishi Heavy Industries Ltd. Nippon Steel is likely to appeal the court's order, just like Mitsubishi Heavy did. If an appeal is made, it is expected to take considerable time as the case could reach the top court.
    
    Its assets in South Korea were seized by the court after it failed to pay damages to four Korean plaintiffs following an October 2018 Supreme Court ruling that found the men were mobilized to work for Japan Iron & Steel Co, Nippon Steel's forerunner, in the 1940s while the Korean Peninsula was under Japanese colonial rule. The company did not comply with the compensation order as it heeded the Japanese government's position that the issue of claims stemming from the 1910-1945 colonial rules was settled in 1965 under a bilateral accord signed alongside a treaty that established diplomatic ties.
    
    As a result, the plaintiffs had a portion of the company's shares in POSCO-Nippon Steel RHF Joint Venture, involving South Korean steelmaker POSCO, seized via the court and in May 2019 asked the court to order the sale of the shares.
16. voda 31 december 2021 07:41

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 18 apr 2024

    • Aanbevelingen

      Ontvangen: 81641

      Gegeven: 20842

    •    Aantal posts: 363.899

    US Issues Country Wise Tariff Rate Quotas for Steel Imports fromEU
    
    Strategic Research Institute
    Published on :
    31 Dec, 2021, 5:08 am
    
    US Customs and Border Protection has issued several guidance documents on 29 December 2021, through its Cargo Systems Messaging Service concerning recent Presidential Proclamations that established the tariff rate quota process for imports of aluminum and steel articles from the member countries of the European Union. Effective 1 January 2022, imports of steel articles from member countries of the EU are covered under a TRQ under HTSUS subheadings 9903.80.65 through 9903.81.19. Section 232 steel products from the EU that are in-quota will enter free of any Section 232 duty. TRQ entries will be processed on a first-come, first-served basis until the country limit for that TRQ ID HTSUS group is reached. All steel article imports from the EU in excess of the TRQ quantities will remain subject to the 25% ad valorem duty rate imposed by HTSUS subheading 9903.80.01, provided they are not subject to exclusion.
    
    The steel TRQ will be administered quarterly, with each quarter assigned 25% of the annual TRQ amount. Third quarter and fourth quarter TRQ limits will be evaluated to include carry forward amounts up to 6% of the annual country limit for each steel HTSUS group. Unused first quarter steel quantity, up to 6% of the annual country limit for each HTSUS group, will be combined into the third quarter limit for that HTSUS group. Unused second quarter steel quantity, up to 6% of the annual country limit for each HTSUS group, will be combined into the fourth quarter limit for that HTSUS group.
    
    Quarter 1: January 1, 2022 through March 31, 2022
    
    Quarter 2: April 1, 2022 through June 30, 2022
    
    Steel imports from the EU must be melted and poured in a member country of the EU in order to be eligible for the TRQ.
    
    The EU member countries covered by these guidelines are Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain and Sweden.
    
    Current GAE Steel HTS List:
    
    7208.38.00.15; 7209.27.00.00; 7209.90.00.00; 7210.70.60.30; 7211.14.00.90; 7211.23.45.00; 7211.29.60.80; 7212.60.00.00; 7213.20.00.80; 7213.91.30.20; 7215.50.00.90; 7216.10.00.10; 7216.33.00.90; 7217.10.40.45; 7217.10.40.90; 7217.10.60.00; 7217.10.80.25; 7217.10.80.60; 7217.20.15.00; 7217.20.45.50; 7217.90.50.30; 7217.90.50.60; 7217.90.50.90; 7218.91.00.30; 7219.11.00.30; 7219.11.00.60; 7219.12.00.21; 7219.12.00.26; 7219.12.00.51; 7219.12.00.71; 7219.12.00.81; 7219.13.00.81; 7219.22.00.05; 7219.22.00.35; 7219.31.00.10; 7219.90.00.60; 7220.12.10.00; 7220.12.50.00; 7220.20.60.60; 7220.20.60.80; 7220.20.70.60; 7220.20.80.00; 7222.40.30.45; 7222.40.30.85; 7222.40.60.00; 7223.00.50.00; 7224.10.00.05; 7225.50.60.00; 7226.92.30.30; 7226.92.30.60; 7226.92.80.05; 7226.99.01.10; 7227.20.00.30; 7227.90.60.20; 7229.90.50.16; 7229.90.50.31; 7302.10.10.45; 7302.10.50.20; 7304.24.30.10; 7304.24.30.20; 7304.24.30.40; 7304.24.40.40; 7304.24.40.60; 7304.24.60.30; 7304.39.00.02; 7304.39.00.16; 7304.41.30.05; 7304.59.20.30; 7304.59.20.80; 7304.59.80.10; 7304.59.80.45; 7304.59.80.60; 7304.90.10.00; 7304.90.50.00; 7305.31.60.90; 7305.39.10.00; 7306.21.30.00; 7306.40.10.90; 7306.61.70.60; 7306.69.50.00; 7306.69.70.60; 7306.90.10.00
17. voda 3 januari 2022 07:05

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 18 apr 2024

    • Aanbevelingen

      Ontvangen: 81641

      Gegeven: 20842

    •    Aantal posts: 363.899

    UK Updates Safeguard Measure for Steel Imports
    
    UK Government’s Secretary of State for International Trade has updated public notice, originally published on 30 June 2021 with effect from 1 July 2021, on 31 December 2021 regarding Extension of Tariff Rate Quota to apply in relation to some of the steel products imorts.. The tariff rate quota is an extension of the tariff rate quota imposed by the EU on behalf of the United Kingdom and other countries or territories that had effect in the United Kingdom from 19 July 2018 to 30 June 2021
    
    The tariff-rate quota set out in this notice applies to the following steel products
    
    Tin Mill products
    
    Non-alloy and Other Alloy Quarto Plates
    
    Alloy Merchant Bars and Light Sections
    
    Non-alloy and Other Alloy Merchant Bars and Light Sections
    
    Non-alloy and Other Alloy Wire Rod
    
    Angles, Shapes, and Sections of Iron or Non-alloy Steel
    
    The additional amount of duty applicable to steel goods imported outside of the quota is 25% ad valorem. The safeguard duty is applicable to the net free-at-the-frontier price of the good before any other amount of import duty.
    
    The tariff rate quota is divided into 4 quarters over one year and specifies for each goods category the amount of steel goods that may be imported free of safeguard duty in any given Quarter. Any unused tariff rate quota allocated for steel goods originating in a country or territory remains available in the next Quarter for steel goods originating in that country or territory. Any unused balance may cumulate within the year.
    
    Tariff rate quota amount and allocation for year 1 July 2021 to 30 June 2022
    
    Quarter 1: 1 July 2021 to 30 September 2021
    
    Quarter 2: 1 October 2021 to 31 December 2021
    
    Quarter 3: 1 January 2022 to 31 March 2022
    
    Quarter 4: 1 April 2022 to 30 June 2022
18. voda 3 januari 2022 07:06

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 18 apr 2024

    • Aanbevelingen

      Ontvangen: 81641

      Gegeven: 20842

    •    Aantal posts: 363.899

    EEPC India Seeks Inclusion of Steel in RoDTEP Scheme in Budget
    
    Strategic Research Institute
    Published on :
    03 Jan, 2022, 4:30 am
    
    EEPC India, ahead of the India’s Union Budget 2022-23, has suggested that the Indian government should consider including iron and steel products in the Remission of Duties and Taxes on Exported Products scheme to make exports more competitive as skyrocketing prices of primary raw materials have been hurting the industry. EEPC India Chairman Mr Mahesh Desai said “The manufacturers of the iron and steel products are finding it difficult to sustain their businesses. In spite of these price challenges they have been trying hard to survive as the majority of segments in this sector operates on minuscule margins and is in dire need of support from the government. It is therefore requested to extend the benefits of the RoDTEP scheme to the sector equivalent to existing ones under the MEIS scheme.”
    
    EEPC India has also proposed a reduction in customs duty on copper ores and concentrates from 2.5% to nil. Mr Desai said that “Sufficient availability of the ores at a competitive price would ensure reasonable prices of primary products in the domestic market. This will give good impetus to the manufacturing of downstream products ultimately resulting in the growth of exports of the downstream value added products.”
19. voda 3 januari 2022 07:07

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 18 apr 2024

    • Aanbevelingen

      Ontvangen: 81641

      Gegeven: 20842

    •    Aantal posts: 363.899

    Dillinger Plates Used for Boston Flood Protection in UK
    
    Strategic Research Institute
    Published on :
    03 Jan, 2022, 4:30 am
    
    Steel plates from German heavy plate pioneer Dillinger were used to build the gigantic Boston Flood Barrier protection system recently commissioned in Boston Lincolnshire in UK. The hydraulically operated segmented gate is 29 meters wide, 11 meters high and weighs around 370 tonnes. It is supported by 5-meter-wide retaining walls. When it is lowered, it rests on the riverbed so that ships can safely pass over it. In the event of expected flooding, two 12-meter hydraulic arms on either side move it into position. Dillinger steel was chosen for the project because of the special dimensions required and the high demands placed on the lock. Dillinger supplied a total of 470 tonnes of heavy plate for the innovative flood protection system.
    
    The commissioning of the Boston Flood Barrier in late fall 2021 is a major milestone for flood and coastal protection in the city in Lincolnshire: as the centerpiece of the flood system, the barrage can be raised in as little as 20 minutes to respond to impending tidal surges from the North Sea. This will significantly reduce flood risk for the more than 14,000 homes and 800 businesses in the town of Boston and helps address the impacts of climate change.
    
    Boston is located on the east coast of the United Kingdom and has always been affected by floods. More than 800 buildings and 55 streets were flooded during the most recent flood in December 2013. The Boston Barrier project is part of a long-term government investment in flood and coastal protection that will provide Boston with one of the best flood protection standards outside London when it is fully completed later this year.
20. voda 3 januari 2022 07:08

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 18 apr 2024

    • Aanbevelingen

      Ontvangen: 81641

      Gegeven: 20842

    •    Aantal posts: 363.899

    NMDC Reports 30% Surge in Iron Ore Production in Apr-Dec 2021
    
    Strategic Research Institute
    Published on :
    03 Jan, 2022, 4:30 am
    
    State owned Indian iron ore miner NMDC announced that its iron ore production surged about 30% YoY to 28.32 million tonnes in April-December 2021 as compared to 21.83 million tonnes in the same period last fiscal. Its total sales of iron ore during April-December 2021 also increased to 28.36 million tonnes from 22.27 million tonnes in the corresponding period a year ago.
    
    Chhattisgarh – Production 19.61 million tonnes; Sales 20.61 million tonnes
    
    Karnataka - Production 8.71 million tonnes; Sales 7.75 million tonnes
    
    December 2021
    
    Chhattisgarh - Production 2.92 million tonnes; Sales 2.58 million tonnes
    
    Karnataka - Production 1.03 million tonnes; Sales 0.82 million tonnes
    
    Total - Production 3.95 million tonnes; Sales 3.40 million tonnes