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1. voda 5 januari 2022 07:25

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   Goa Allows Sale of Iron Ore from Dumps after 4 Years
   
   Strategic Research Institute
   Published on :
   05 Jan, 2022, 5:12 am
   
   The Goa State Government last week approved a policy enabling local miners to sell iron ore from the stocks. Goa Chief Minister Mr Pramod Sawant told media “About 10 to 20 million tonnes of low-grade iron ore is lying at different locations outside the mining leases. The state government has formulated a policy for regularization of mining dumps. Those who have valid lessees and who have paid the money to the government, as a penalty for illegally dumping on government land, will be allowed to export.”
   
   Mr Sawant said the dumps are allowed to be exported through the recent amendment to Minerals Concession (Amendment) Rules, 2021 that came into force from 12 November 2021. He said The chief minister “Centre’s policy allows for disposal of overburden or waste rock mineral below the threshold value and which is generated during the course of mining or beneficiation of minerals or any minor mineral extracted along with the mineral for which the lease is granted.”
   
   On 16 March 2018, all mines in Goa were ordered to stop operations. In February, the Supreme Court announced the cancellation of 88 mining leases after a petition from an environmental group Goa Foundation
2. voda 5 januari 2022 07:25

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   JSW Steel Starts Socioeconomic Survey for Steel Mill in Odisha
   
   Strategic Research Institute
   Published on :
   05 Jan, 2022, 5:15 am
   
   JSW Steel, in collaboration with Xavier Institute of Management Bhubaneswar, has commenced a socioeconomic survey at its Odisha project site for its proposed 13.2 million tonnes per year greenfield steel mill project being set up at an investment of INR 55,000 crore last week. The 3 month long study survey aims to identify immediate action points to be addressed along with actual project implementation that will include options for local procurement of materials, employment generation for local population and the hiring of equipment and allied services locally. The exercise would cover about 4,000 people in Polang, Nuagan, Dhinkia, Govindpur, Mahala, and Patana villages.
   
   JSW Steel’s Odisha Operations Chief Operating Officer Mr Ranjan Nayak said “The intent is to strengthen the socioeconomic fabric of the locality by generating economic opportunities for individual households in the affected villages. We are taking overall development in the domain of employment, public health and primary education in the locality very seriously and this survey is a step in that direction.”
   
   This initiative would help the company identify youth with past experience of working in the mining, metals or steel sector, and assess their skill level. Contractors in various domains such as civil, electrical, material suppliers and households having commercial vehicles would also be tracked by this extensive survey.
3. voda 5 januari 2022 07:26

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   6.8KT Steel Wire Ropes Used in Braila Suspension Bridge in Romania
   
   Strategic Research Institute
   Published on :
   05 Jan, 2022, 5:18 am
   
   Italian infrastructure firm Webuild announced that the complex installation of the two supporting cables between the two towers of Romania’s Braila Bridge has been accomplished on the second longest suspension bridge on continental Europe that is gradually taking shape thanks to a joint-venture led by Webuild. In less than four months more than 150 technicians and specialized workers installed the two cables, consisting of approximately 18,000 intertwined steel wires weighing a combined 6,775 tonnes and stretching for a combined 38,000 kilometers. This new milestone brings the project to 59% completion.
   
   Commissioned by the National Company for Road Infrastructure Administration, a state entity under Romania’s Ministry of Transport and Infrastructure, the project is financed by the EU’s Operational Programme for Large Infrastructure. The bridge, which is being built together with IHI Infrastructure Systems Co Ltd, will connect the two shores of the Danube River in the Galati-Braila area, reducing crossing times for approximately 7,000 vehicles a day, which have had to rely on ferries up until now.
   
   It will have a central main span of 1,120 metres, but its total length will be 1,975 metres. The bridge will have four lanes, emergency lanes and cycle paths. On either side of the bridge there will be an access viaduct approximately 90 metres long and a 220 metre viaduct to cross the Braila Galati railway and a new network of 21 kilometres of connecting roads.

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4. voda 5 januari 2022 07:30

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   JSPL on Track to Produce 8 Million Tonne Steel in FY 2021-22
   
   Strategic Research Institute
   Published on :
   05 Jan, 2022, 5:20 am
   
   Jindal Steel and Power Limited has reported of 1.96 million tonnes in October-December 2021 quarter to take cumulative steel production to 5.90 million tonne in the first 9 months of FY 2021-22 up by 9% YoY, putting in track to produce about 8 million tonne steel in FY 2021-22
   
   JSPL has also posted a strong recovery in steel sales sequentially in December 2021. The company reported steel sales of 0.685 million tonnes, up 27% MoM. JSPL's Steel sales would have been higher but for the impact of the non-availability of railway rakes for the third consecutive month. Steel sales of 1.82 million tonne in Q3 of 2021-22 were also constrained due to limited rake availability and unseasonal rains in several states. Exports accounted for 28% of Steel sales in December 2021 and 23% for the quarter.
5. voda 5 januari 2022 07:30

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   Mr Gadkari Aims to Reduce Steel Usage in Road Construction
   
   Strategic Research Institute
   Published on :
   05 Jan, 2022, 5:23 am
   
   PTI reported that India’s Union Minister for Road Transport & Highways Mr Nitin Gadkari, while launching a book titled “Building Bridges”, said that he is aiming to reduce the usage of steel and cement in road construction. Mr Gadkari said "I am also not very much happy with the approach of steel and cement companies. One of my missions is to reduce the use of steel and cement in road construction because they are making cartelization.”
   
   He said "So, we need to initiate and encourage new materials like carbon steel and steel fibre. If we use steel fibre, we can reduce the use of steel and we can also reduce the cost of construction.”
6. voda 5 januari 2022 07:31

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   Turkish Scrap Imports & Rebar Exports Surge by 12% & 30% in 11M
   
   Strategic Research Institute
   Published on :
   05 Jan, 2022, 5:25 am
   
   According to the latest data from Turkish Statistical Institute, Turkish steel mills' scrap imports from their global suppliers rose by 12% YoY to 22.5 million tonne in the first eleven months of 2021, in line with the rise seen in crude steel output, which rose 13.4% YoY to 36.7 million tonne in that period.
   
   US - 3.42 million tonnes, down 14% YoY
   
   Netherlands - 2.81 million tonnes, up 2.2% YoY
   
   UK - 2.09 million tonnes, stable YoY
   
   Russia - 1.95 million tonnes, down 9.3% YoY
   
   Belgium - 1.5 million tonnes
   
   Romania – 1.1 million tonnes
   
   Lithuania - 1.02 million tonnes
   
   Denmark - 788,200 tonnes
   
   Venezuela - 771,000 tonnes
   
   France - 703,600 tonnes
   
   Germany – 609,100 tonnes
   
   On the other hand, Turkish steel mills' rebar exports in the first eleven months of 2021 rose 30% YoY to 6.88 million tonnes
   
   Israel - 1.02 million tonnes, up 20% YoY
   
   Yemen - 856,400 tonnes, stable YoY
   
   Singapore - 644,800 tonnes
   
   Hong Kong - 427,500 tonnes
   
   Peru - 279,400 tonnes
   
   Brazil - 281,700 tonnes
   
   US - 226,200 tonnes
   
   Canada - 267,800 tonnes
   
   Jamaica - 182,500 tonne
7. voda 5 januari 2022 08:03

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   India Plans to Use of Stainless Steel in Bridges near Sea
   
   Strategic Research Institute
   Published on :
   05 Jan, 2022, 5:28 am
   
   Times of India reported that India’s Union Road Transport & Highways Minister Mr Nitin Gadkari, while releasing a book titled “Building Bridges”, which captures how his ministry undertook the task of setting up Indian Bridge Management System, hinted that the Indian Government may bring a policy making the use of stainless steel mandatory in bridges in areas that are close to the sea. He said “In localities like Mumbai and other areas close to the sea there is a common problem of rusting of the steel and that reduces strength of buildings and bridges. We may have to make a law that in areas within 30-50 km of a sea, we need to use only stainless steel. Rusting is a big problem. We also need to carry out more studies to find solutions.”
   
   The minister also said that there is a dire need to fix the life or expiry date of bridges; carry out timely repair, but that’s possible only when there is data on the status of the bridge and for this we need to have proper audit reports.
   
   He added that now because of Indian Bridge Management System, his ministry has basic data of nearly 172,000 bridges and there is need to improve this to get desired results.

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8. voda 5 januari 2022 08:04

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   CARE Rating Expects Healthy EBIDTA for Indian Steel Mills
   
   Strategic Research Institute
   Published on :
   05 Jan, 2022, 5:49 am
   
   CARE Ratings in a recent report said that India’s domestic steel manufacturing capacity has grown at a very slow pace in the recent years from 138 million as of March 2017 to 144 million tonnes as of March 2021. During FY22 to FY25, a total crude steel capacity of about 25 million tonnes is likely to get added out of which only 7-8 million tonnes is coming on stream during FY22, while remaining capacity will take another 2-3 years to get commissioned.
   
   On the other hand, after a severely impacted year CY2020 which saw steel consumption falling to 89.3 million tonnes, India’s steel consumption is expected to jump by nearly 17% to about 104 million tonnes in CY2021 and 111 million tonnes in CY2022 on the back government push on infrastructure and better demand from construction, engineering & industrials, and automotive sector. Domestic steel consumption has already grown to 66 million tonnes in April-November 2021 from 55 million tonnes in April-November 2020.
   
   The domestic HRC steel prices continue to remain elevated above INR 60,000 per tonne on the back of healthier domestic demand and surge in coking coal prices thereby evading the discount vis-à-vis global steel prices. With expectations of improved demand conditions in seasonally better second half of ongoing fiscal and limited scope for increase in supplies, it is unlikely that there will be any significant fall in domestic steel prices in near term beyond any possible impact of cooling down of coking coal prices. Going forward, the domestic prices and spreads shall, inter alia, depend on movement in raw material prices especially the coking coal, CareEdge expects domestic HRC steel prices to remain in the range of INR 55,000 to INR 65,000 per tonne in the near term.
   
   Major listed domestic steel players have been earning healthy spreads leading to combined EBIDTA per tonne of nearly INR 25000 on rising volumes amidst recovery in steel consumption over the last few quarters. CARE Ratings believes that there are no immediate signs of abatement of steel up cycle and therefore industry players shall continue to earn healthy spreads. Operating margins despite the likely moderation from peak levels are expected to remain in healthy range of INR 15,000 to INR 20,000 per tonne over next few quarters with a bias towards the upper end of the range.
9. voda 5 januari 2022 08:38

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   Turkish producers shun scrap after production costs surge
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   Turkish steel producers continue to halt scrap purchases after seeing a significant rise in their production costs as a result of the new year increases in energy prices.
   
   Turkish mills were expected to resume scrap purchases for February shipments this week, but instead remain sidelined due to the fresh energy cost rises.
   
   A Turkish mill tells Kallanish: “All mills are re-calculating their conversion costs from scrap following the new energy prices. I don’t think any mill would accept $460/tonne cfr levels for premium HMS 1&2 80:20 after today. I believe all mills are working below their planned production levels.”
   
   Mills have increased their rebar quotes to $710/t fob Turkey on the costlier energy. Demand, however, is almost non-existent. In the domestic market, although mills’ official offers are mostly at above $700/t ex-works, some producers are seen decreasing to $685-690/t levels due to weak demand.
   
   “Mills will initially want to see how things will proceed with finished steel sales following the price rises,” says another Turkish long steel producer. “I am not expecting to see much activity in the scrap market this week. I’ve heard that some smaller mills are buying billet rather than scrap.”
   
   Although some European suppliers are offering material in the market, most scrap suppliers are also following a wait-and-see stance amid Turkey’s silence.
   
   Despite their ongoing need for February-shipment scrap cargoes, Turkish mills are expected to exert higher pressure on scrap prices after the recent increase in their production costs. US and Baltic suppliers, however, are seen targeting to sell February-shipment HMS 1&2 80:20 at above $465/t cfr Turkey.
   
   A Baltic-origin scrap supplier is heard offering HMS 1&2 80:20 at $468/t cfr.
   
   A UK-origin scrap cargo was offered at $461/t cfr for 20,000 tonnes of HMS 1&2 80:20, and $485/t cfr for 10,000t of shredded and 10,000t of bonus. It was heard booked on 30 December at $456/t cfr for HMS 1&2 80:20, $476/t cfr for shredded and $481/t cfr for bonus. The buyer is seen to have paid a higher premium for shredded and bonus grades.
   
   There was also a rumour of a US-origin sale at $463/t cfr for HMS 1&2 80:20. However, this was not confirmed by the time of publication.
   
   Burcak Alpman Turkey
10. voda 18 januari 2022 07:07

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    Benteler to Produce Only Green Tubes from 2045
    
    Strategic Research Institute
    Published on :
    18 Jan, 2022, 4:35 am
    
    German BENTELER Steel Tube’s Managing Director Mr Christian Wiethüchter last month announced plans to become CO2 neutral by 2045. He said "To achieve this goal, we initiated our ‘green tubes’ program in 2020, which focuses on reducing the CO2 footprint in tube production. Procurement and production play strategic roles in this but our product portfolio also underlines our sustainable focus. This is demonstrated, for example, by our new BENTELER HYRESIST line pipes for hydrogen, which support the development of hydrogen distribution networks."
    
    The green tubes program is specifically concerned with the avoidance of CO2 emissions. Where this is not possible, the company tries to reduce or compensate. The metal processing specialist’s Steel & Tube division plans to halve its total CO2 emissions by 2030 and become CO2-neutral by 2045. To achieve this goal, BENTELER Steel & Tube aims to
    
    Achieve CO2 neutrality by 2030 for direct emissions (Scope 1) generated in production
    
    Indirect emissions (Scope 2) generated through the purchase of energy y 2030
    
    Emissions on the procurement side (Scope 3) will be reduced by 30% in the first step. By 2045, BENTELER Steel/Tube also wants to become CO2-neutral on the procurement side and thus have greened the supply chain, production and products. Important measures on this path are, for example, the purchase of electricity from renewable energies and the use of CO2-neutral raw materials in the manufacture of welded tubes.
    
    The electric steel mill in Lingen already produces steel exclusively from scrap, resulting in 90% fewer direct CO2 emissions than the conventional blast furnace method. In addition, BENTELER is looking into alternative raw materials for steel production that are just as CO2-neutral as recycled steel scrap. For example, a cooperation with RWE and CO2Grab has been formed to test the use of direct reduced iron produced with green hydrogen as a raw material in steel production.
    
    For the production of seamless tubes, BENTELER sources steel from its in-house electric steel mill in Lingen. Using steel produced in an electric arc furnace, 500 to 800kg of CO2 is generated per ton of tube, depending on the amount of added value and production plant. If steel produced in a conventional blast furnace was used, this figure would be at least 1,500 kg CO2 per ton higher.
11. voda 18 januari 2022 07:12

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    3 Firms Fined for Price Fixing over Steel Transportation in Korea
    
    Strategic Research Institute
    Published on :
    18 Jan, 2022, 4:38 am
    
    Yonhap reported that South Korea's antitrust regulator Fair Trade Commission in Sejong has decided to impose a combined KWR 233 million (USD 195,800) in fines on three companies for colluding to fix bidding prices over the transport of steel plates. Fair Trade Commission said “Dongbang and two other firms colluded to fix their quotations between 2016 and 2018 for bids on thick plates by the country's largest steelmaker POSCO. Prior to the bidding, the companies colluded to divide the sections over which they will transport the plates and fix the bidding prices. The move helped them log a combined KWR 5.4 billion in revenue.”
    
    The FTC said it will closely monitor the situation to prevent similar price collusion from occurring in the transport market.
12. voda 18 januari 2022 07:13

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    Russula Launches Optical Alignment System Based on AI Vision
    
    Strategic Research Institute
    Published on :
    18 Jan, 2022, 4:43 am
    
    Traditionally, optical alignment systems for finishing block roller guides are adjusted by eye using shadow projection systems on a bench optic. Shadow adjustment methods are subject to human error and require regular calibration of the optical components. Russula has designed a novel guide alignment system based on artificial vision. Employing telecentric lenses, high resolution cameras and Russula’s own artificial vision algorithms, operators can now adjust the block guides and its mounting bases to perfection, with full digital feedback. The Russula OAS system includes both tools required to set and align block guides: a bench optic for the setting the roller guides, and a portable optic for aligning the guide saddles to the mill rolls. Guide alignment is simple; first mount the guide on the bench, select the desired profile then turn the adjusting screws according to the instructions on the screen. The portable OAS follows a similar procedure to align the RE guide bases to the roll grooves. Both models are rugged, designed and tested to withstand the harsh working conditions of rolling mills.
    
    The Russula OAS is easy to use. The operator can easily update the profile target database according to any changes in the roll pass design or setup. Navigation can be done from the OAS screens, a laptop or smartphone. Guide and mounting base adjustments take only a matter of minutes. Both the bench and portable models have battery backup, rechargeable batteries that can operate for hours unplugged.
    
    Russula engineers on both sides of the Atlantic have designed, prototyped, manufactured, and commissioned several of the new OAS systems in Europe and the USA. The use of the OAS in steel mills helps reduce downtime and improve the final product quality.
13. voda 18 januari 2022 07:14

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    HarbisonWalker to Convert Closed Fairfield Plant into RefractoryHub
    
    Strategic Research Institute
    Published on :
    18 Jan, 2022, 4:46 am
    
    US’s leading supplier of refractory products and services Pittsburgh US headquartered HarbisonWalker International intends to invest approximately USD 25 million to convert its closed property at 2595 Ensley-Pleasant Grove Road in Fairfield in Alabama into Alabama One, a manufacturing, service, and distribution hub for steel customers in the southern United States. Construction will begin during the first quarter of 2022, and the 200,000 square feet facility is expected to open before the end of 2022.
    
    HarbisonWalker International’s proposed new plant will produce world-class magnesia-carbon brick refractories specifically engineered to maximize efficiency and performance in critical steel-making applications like steel ladles and low-emission electric arc furnaces. Initially, production will add approximately 15,000 metric tons annually and ultimately up to 30,000 tonnes as additional equipment is added by 2023.
    
    AL1 will become one of HWI's most technologically advanced and modernized facilities and contribute to HarbisonWalker International 's environmental and sustainability goals through energy-efficient operations. It will feature a high degree of robotics automation and technology and utilize lean techniques throughout its processes. HWI is committed to environmental sustainability and working toward carbon-neutral operations.
    
    In 2019, HarbisonWalker International 's closure of its Fairfield plant was in direct response to the company's entrepreneurial business decision to exit its Carbon Bake brick products line of business due to the decline of the aluminum carbon bake market in North America and increasing product production costs.
14. voda 18 januari 2022 07:17

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    99% of Employees in Tata Steel’s Dhenkanal Plant Fully Vaccinated
    
    Strategic Research Institute
    Published on :
    18 Jan, 2022, 4:49 am
    
    Odisha Bytes reported that Tata Steel has taken a series of measures in its plant located at Narendarpur in Dhenkanal district in Odisha to combat the third wave of COVID. In line with COVID management in first two waves, the company has addressed the challenge this time by providing facilities in health care, safety, access control, transport and administration to contain the spread of the virus. While 99% of its employees are already fully vaccinated, the company has arranged a 350-bed facility on the plant premises for the employees testing COVID positive. They are kept in isolation and further treatment is provided.
    
    To stop crowding at canteens, food parcels are provided replacing in-house dining facility. Effective communication on COVID awareness has been deployed through hoardings, posters, LED boards, SMSs, short videos, mass mails. Besides public address systems are also being used to disseminate the message inside the plant and the colony. To reduce the footfall inside the plant, work from home system has resumed.
    
    Staggered entry and exit of employee vehicles at the main gate have been made and regular sanitisation of the vehicles are done. The face recognition-based gate entry system also checks mask and body temperature of employees entering into the plant
    
    Employees residing in the housing colony are also monitored, tested, prescribed medicine and treated during home isolation. A 50-bed COVID care hospital is being developed to combat the rise in positive cases. The company has deployed dedicated COVID paramedics and doctors along with an ambulance besides setting up two 24×7 helplines run by the hospital team.
15. voda 18 januari 2022 07:17

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    Worker Union Leader Expects Liberty Steel Georgetown to Restart
    
    Strategic Research Institute
    Published on :
    18 Jan, 2022, 4:52 am
    
    Georgetown Times reported that the union president for steelworkers in Georgetown in US said that production is set to resume soon at the Liberty Steel plant and could employ more workers than previously announced. United Steelworkers Local 7898 President Mr James Sanderson said “Workers are returning to the plant January 18. It is possible that Liberty could bring in more than 65 employees announced when the company revealed reopening plans. But ultimately the job numbers don’t matter. We’re just worried about getting that plant open and running and getting the thing going.”
    
    Liberty Steel’s Georgetown mill faced a February 1 deadline for reopening as a City of Georgetown ordinance states that if the site was to be closed for more than one year, its zoning classification would automatically be changed from heavy industrial to mixed-use that could allow for tourism-related development along the waterfront.
    
    Liberty Steel bought the closed mill in December 2017 and reopened it six months later.
16. voda 18 januari 2022 07:19

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    EVRAZ Kachkanarsky GOK Launched New Production Complex
    
    Strategic Research Institute
    Published on :
    18 Jan, 2022, 4:55 am
    
    Russian miner & steel maker EVRAZ’s Kachkanar Ore Mining and Processing Plant has put into operation an industrial complex for the production of five new types of fractional crushed stone in accordance with Russian standards GOST. This project is in line with EVRAZ's goal of increasing the recycling of mining waste, enshrined in the company's environmental strategy until 2030. On the territory of the processing plant, a crushing and screening complex and a crushed stone sifting unit were built, a productive loader was purchased, and a modular building for personnel was equipped. The new site will produce the demanded building material from waste rock - crushed stone of fractions 5-10 mm, 10-15 mm, 5-15 mm, 5-20 mm and 20-40 mm in accordance with GOST 8267-93, as well as fractions 4-8 mm, 8-16 mm, 16-31.5 mm in accordance with GOST 32703-2014. Modern high-precision crushing and screening units ensure the homogeneity of the material, the absence of unwanted inclusions in it. Today, taking into account the new fractions in accordance with GOST, EVRAZ KGOK produces 8 types of crushed stone. The material is shipped by road and rail.
    
    The investment project was carried out for 6 months. Investments amounted to over 200 million rubles. The production capacity of the site is 1.8 million tons of fractional crushed stone per year.
    
    The project allows Evraz to not only reduce the amount of industrial waste dumps, but also learn to combine new types of construction products, obtain additional economic benefit.
17. voda 18 januari 2022 07:19

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    GMS Market Commentary on Ship Breaking in Week 02
    
    Strategic Research Institute
    Published on :
    18 Jan, 2022, 4:59 am
    
    World's leading cash buyer of ships for recycling GMS said that “Recycling markets, especially in the sub-continent, seem poised for some positive movements this week, as both Cash Buyers and End Buyers seem increasingly willing to compete on any available tonnage. There have been several specialist units, Stainless Steel Tankers & Fish Factories, being the flavor of the recent supply into India of late, as both Pakistan and Bangladesh watch stranded on the sidelines, due to the ongoing paucity of vessels that has been suffocating the markets of late. Even the Turkish market endured a period of resilience this week, as all of the essential fundamentals remained in sync with last week’s levels, giving Aliaga Buyers the continued sense of stability that this market has endured of late. There are very few large LDT vessels in the market to discuss at present, especially as talks of a recovery in Tanker rates at some point this year continue to make the rounds and as Dry Bulk and Container rates continue to soar. Indeed, those vessels that may have been scrap candidates not too long ago, are now seeking to pass surveys and continue trading for better returns - such is the state of the trading markets at present.”
    
    GMS said There also seems to be a degree of optimism in the markets moving forward (both in terms of steel and currencies), hence the upward scramble in prices that is being witnessed of late,, especially when a vessel is introduced for a recycling sale. The overall preference does seem to be for smaller LDT vessels since the markets are indeed at historically highs and levels can fluctuate wildly from week-to-week. As such, we have not seen such positivity-&-demand for some months now as we are currently witnessing in the market.”
    
    GMS added “As the Chinese Lunar new year holidays approach in the Far East, it may be a slower period in terms of supply for sub-continent markets, and this in turn may further lead to a firming of demand & prices.”
    
    GMS Pricing
    
    India/Bangladesh/Pakistan – Week 02, Lower band improves
    
    Dry Bulk – USD 570-590 per LDT
    
    Tankers - USD 580-600 per LDT
    
    Containers - USD 590-610 per LDT
18. voda 18 januari 2022 07:22

    auteur info

    • voda

      Lid sinds: 02 dec 2005

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    Romanian Examining Sale of COS Targoviste Assets to Beltrame
    
    Strategic Research Institute
    Published on :
    18 Jan, 2022, 5:02 am
    
    Romanian daily Adevarul reported that the Romanian Competition Council is examining the transactions through which Italy’s Beltrame intends to take over the functional assets belonging to the bankrupt special steels producer COS Târgoviste. In accordance with the provisions of the Competition Law, this operation must be authorized by the Competition Council. The competition authority will assess this economic concentration in order to establish its compatibility with a normal competitive environment and will issue a decision within the time limits provided by law.
    
    COS Târgoviste is currently in the process of judicial reorganization after the production activities were suspended in 2019. The functional assets that are the object of the transaction include real estate, equipment and stocks necessary for the development of the production activity, respectively the manufacture of steel and long steel products, as well as for the development of the related activities.
    
    Italian group AFV Acciaierie Beltrame SpA is an Italian company whose main object is of activity the production of ferrous metals in primary forms and of ferroalloys. AFV Acciaierie Beltrame SpA is the parent company of the AFV Beltrame Group. AFV Beltrame Group is active in the production and sale of several types of steel products, having production facilities in Italy, France, Switzerland and Romania. Beltrame already operates in Romania through Donalam, the heavy profile rolling mill of the former steel plant in Calarasi.
19. voda 18 januari 2022 07:22

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 26 apr 2024

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    US DOC AD Duty Review Results on Welded Line Pipe from South Korea
    
    Strategic Research Institute
    Published on :
    18 Jan, 2022, 5:12 am
    
    The US Department of Commerce has announced the preliminary results of its administrative review of the antidumping duty order on welded line pipe from South Korea. During the review period from December 1, 2019, to November 30, 2020, South Korean producers were found to have made sales of the subject products at less than normal value. Additionally, the DOC preliminarily found that HiSteel Co Ltd made no shipments during the period of review, though it will not rescind the review with respect to the company. The DOC has determined weighted-average dumping margins of
    
    SeAH Steel Corporation - 0.00%
    
    Hyundai Steel Company?- 1.93%
    
    Companies Not Selected for Individual Review - 1.93%
    
    The merchandise subject to the Order is welded line pipe. The product is currently classified under the following Harmonized Tariff Schedule of the United States item numbers: 7305.11.1030, 7305.11.1060, 7305.11.5000, 7305.12.1030, 7305.12.1060, 7305.12.5000, 7305.19.1030, 7305.19.5000, 7306.19.1010, 7306.19.1050, 7306.19.5110, and 7306.19.5150.
    
    On February 4, 2021, US DOC initiated an administrative review of the antidumping duty order on welded line pipe from the Korea (Korea). The period of review is December 1, 2019, through November 30, 2020. In August 2021, US DOC extended the preliminary results of this review to no later than December 30, 2021.
20. voda 18 januari 2022 07:23

    auteur info

    • voda

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    SAIL RSP Certified by Indian Navy for Steel Supplies for Submarine
    
    Strategic Research Institute
    Published on :
    18 Jan, 2022, 5:15 am
    
    Local media reported that Steel Authority of India Limited’s Rourkela Steel Plant has received a certificate for commercial production of DMR grade specialty steel for making submarines from the Indian Navy for producing high-strength steel
    
    SAIL RSP is fulfilling the needs of a tough and meticulous customer like the Indian Navy for the last 10 years. RSP has so far supplied more than 7,000 tonnes of steel, adhering to stringent quality specifications for use in various naval applications. The commencement of commercial production of the submarine grade steel will further strengthen association.