ArcelorMittal LU1598757687

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1. voda 25 januari 2022 07:15

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   Optimism Returns in Ship Breaking in India in Week 03
   
   Strategic Research Institute
   Published on :
   25 Jan, 2022, 5:03 am
   
   World's leading cash buyer of ships for recycling GMS said that “It has been an increasingly static week in the Indian sub-continent ship recycling markets, especially after some early 2022 optimism displayed by a resurgent India in particular. Sales on various specialist units soared this past week in Alang, with several stainless-steel chemical tankers, Russian fish factories, and a barge being committed at some extraordinary levels. Competing markets in both Pakistan and Bangladesh could only sit by and watch, with very few favored large LDT units to work on, and as the holiday season approaches in China and much of the Far East. Even in Turkey, it remained another relatively stable week, with no material change reported in the severely-depreciated-but-now-stable Lira or even in import & local steel prices.”
   
   GMS said “Overall, demand is certainly ripe across sub-continent locations, but there are still a few vessels needed in the market to satisfy the recent onset of demand, and sub-continent Recyclers usually find themselves competing at above market prices on any of the select units that do become available. Even steel prices and currencies remain stable-to-positively poised as well, certainly indicating a bullish first quarter of the year (as has historically been the case). Tanker charter rates are still in the doldrums, and it remains to be seen how much longer the ongoing Dry Bulk rally can last.”
   
   GMS added “As such, it is rather peculiar that there is not a greater volume of ongoing negotiations on recycling candidates at the moment. It appears as though most owners will have to wait-and-watch until after the lunar New Year holidays before making any moves and it could well be a slower start to 2022, especially in terms of sales leading up to mid-February.”
   
   GMS Pricing
   
   India/Bangladesh/Pakistan – Week 03, Lower Band Imroves
   
   Dry Bulk – USD 570-590 per LDT
   
   Tankers - USD 580-600 per LDT
   
   Containers - USD 590-610 per LDT
2. voda 25 januari 2022 07:16

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   Zamil Construction Supplies PEB for Power of One Logistics Park
   
   Strategic Research Institute
   Published on :
   25 Jan, 2022, 5:08 am
   
   Zamil Industrial’s subsidiary Zamil Construction India Pvt Ltd has received a certificate of appreciation in recognition of its excellent environmental, health, and safety performance achieved during the construction of the Power of One Logistics Park in Talegaon city in the Pune District of Maharashtra State in India. Zamil Steel Buildings India recently supplied 16,400 square meters of pre-engineered structural steel buildings for the Power of One Logistics Park in Talegaon. The company provides pre-engineered building systems to meet the various construction needs of the logistics industry.
   
   Power of One Logistics Park is a subsidiary of Ascendas Firstspace Development Management Pvt Ltd. It is involved in supporting auxiliary transport activities as well as the work of travel agencies across India.
   
   Founded in 1998 and headquartered in Dammam in Saudi Arabia, Zamil Industrial Investment Company is a premier business group engaged in the development of innovative design and engineering solutions for use in the construction industry.
3. voda 25 januari 2022 07:16

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   Yukun Steel Opts for Danieli QSP Due Technology for HR Production
   
   Strategic Research Institute
   Published on :
   25 Jan, 2022, 5:11 am
   
   Chinese Yunnan Yuxi Yukun Iron & Steel Group has contracted Danieli for its new quality-strip plant, which will be the new most productive thin-slab casting rolling plant in the world. Danieli QSP DUE technology is for endless, semi-endless and coil-to-coil mode in a single line. The plant will produce quality hot-rolled strip in thicknesses from 0.8 to 25.4 mm in any steel grade, except automotive exposed. The plant will be installed in Yuxi city in Yunan province in China and the startup is scheduled for the second half of 2023.
   
   Danieli-patented Dysencaster will produce 110/120-mm-thick slabs after soft reduction, and feed the 3+5 stands hot-strip mill, where thermo mechanical rolling will be performed. The caster will consist of two casting strands and will operate in endless and semi-endless modes on strand #1, or coil-to-coil mode operating on strands 1 and 2, reaching the maximum production capacity. A swivel furnace will connect casting strand #2 with the mill. Original Danieli Q-Heat induction heaters will be installed between roughing and finishing mills. The mill will be controlled by Danieli Automation advanced process control, featuring Q3 intelligence.
4. voda 25 januari 2022 07:17

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   Credit Agricole CIB Joins Climate Memorandum of Severstal
   
   Strategic Research Institute
   Published on :
   25 Jan, 2022, 5:14 am
   
   Russian steel maker Severstal announced that Credit Agricole CIB has joined the company's Climate Memorandum, Together for a Low Carbon Future. The memorandum is intended to support global efforts to prevent further climate change. The signing took place on January 21 in Moscow as part of the first meeting of the Coordinating Committee of the Climate Memorandum, which was attended by Credit Agricole CIB, Schneider Electric, Air Liquide, SPECTA and Sveza, as well as a number of companies interested in signing the agreement. The meeting was held online due to the unfavorable epidemiological situation in Moscow.
   
   The Memorandum contains five guiding principles and recommendations for their implementation:
   
   1. Introduce the climate agenda into corporate governance practices
   
   2. Assess greenhouse gas emissions and set targets for their reduction
   
   3. Manage climate risks and adapt to climate change
   
   4. Support the development and implementation of low-carbon technologies
   
   5. Build climate-responsible engagement with stakeholders
   
   Severstal is one of the first Russian steel producers to calculate greenhouse gas emissions using Scope 3. The company also works closely with companies that contribute to reducing emissions in Severstal's supply chain to help them reduce their carbon footprint. Severstal pays great attention to climate change, and not only makes efforts to minimize its carbon footprint, but also tries to involve new partners in joint initiatives in this area.
5. voda 25 januari 2022 07:17

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   NCLT Admits JM Financial as Petitioner in NSAIL Insolvency Case
   
   Strategic Research Institute
   Published on :
   25 Jan, 2022, 5:17 am
   
   Mumbai bench of the National Company Law Tribunal, presided over by Justice Pradeep Narhari Deshmukh, has allowed the substitution of JM Financial ARC, to whom the original petitioner Bank of India have assigned their debt, as petitioner for National Steel & Agro Industries Ltd case under the Corporate Insolvency Resolution Process in an oral order and have posted the hearing of the matter to 9 March 2022. Along with the Bank of India, other lenders, mostly state-owned banks including IDBI Bank, State Bank of India, Bank of Maharashtra, Central Bank, Union Bank and Punjab National Bank, have also assigned their debts to JM Financial ARC.
   
   BSE listed National Steel & Agro owes about INR 1,600 crore to its lenders. Initially, in 2014, National Steel & Agro entered into a loan agreement with the consortium led by IDBI Bank for over INR 1,431 crore, in which the Bank of India had sanctioned INR 125 crore. On 30 September 2018, the company was declared a Non-Performing Asset after failing to repay its dues as per the loan agreement. A lender moved against the company at NCLT in May 2019.
   
   National Steel and Agro Industries Ltd is primarily known for its flat steel products Cold Rolled Coil, Galvanized Corrugated Sheets, Color Coil & Pre-painted Profile sheets, etc. It has built an installed capacity of around 380,000 tonnes per annum
   
   1987: Production from Continuous Galvanized Line (CGL) -1 started
   
   1994: In-house Cold Rolling Mill (CRM) - 1 started
   
   1999: CGL – Line 2 started
   
   2004: Color Coating Line commissioned
   
   2004: Cold Rolled Mill (CRM) – 2 added
   
   2012: CGL Line 3 started
   
   2015: Color Coating Line Started with 1500 mm (Wider) width
   
   2016: Adding new product range of Aluminium Zinc alloy coated product
6. voda 25 januari 2022 07:18

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   JSW Steel’s Vijayanagar Steel Plant Expansion to Complete in 2024
   
   Strategic Research Institute
   Published on :
   25 Jan, 2022, 5:20 am
   
   JSW Steel Limited has announced that 5 million tonnes per annum brownfield expansion at Vijayanagar is progressing well, with civil works underway at the site. Long lead-time items have been ordered, and Letters of Credit established. The project is expected to be completed by FY2024. The Downstream expansion projects at Vijayanagar, Vasind and Tarapur are also in advanced stages of implementation, with several lines having been commissioned in 9M FY2022.'
   
   JSW Steel's CAPEX was INR 4,026 crores during Q3 of FY2022 and INR 10,353 crores for 9M of FY2022, against a total planned CAPEX of INR 18,240 crores for FY2022. During Q3 FY2022, BPSL incurred a CAPEX of INR 180 crores.
7. voda 25 januari 2022 07:18

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   Tenaris Boosting Production at Welded Pipe Mill in Arkansas
   
   Strategic Research Institute
   Published on :
   25 Jan, 2022, 5:23 am
   
   Seamless pipe giant Tenaris is boosting production at its welded mill in Hickman in Arkansas in US, amid the company’s ongoing manufacturing growth across the US that it kick-started in early 2021. The mill is increasing manufacturing activity, producing a range of welded OCTG, including proprietary Wedge Series 400 connections, to support growing customer demand in the States. Tenaris US President Luca Zanotti said “Hot rolled coil prices have begun to drop following massive gains last year and customer demand continues to grow for domestically made pipe. These conditions make it the right time for a meaningful restart of welded production, part of the ramp up across the United States that began late 2020.”
   
   Activity at the Hickman plant had been maintained throughout 2020 and 2021 albeit at lower levels due the market downturn. During this period, employees in Hickman underwent cross training, enhancing skill sets in different areas of operations. Following improvements incorporated in the latter half of 2021 for a more efficient flow of the manufacturing processes, the mill will be steadily adding capacity and volumes in the coming months. Tenaris is looking to hire an additional 250 for the Hickman facility.
8. voda 25 januari 2022 07:19

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   Hazira & Kamarajar Exempt for Pre Shipment Inspection Certificate
   
   Strategic Research Institute
   Published on :
   25 Jan, 2022, 5:26 am
   
   India has decided to permit import of all metal scrap from six countries to ten designated ports in the country without any pre-shipment inspection certificate. Directorate General of Foreign Trade notified amendment of the Handbook of Procedures by inserting Hazira Port and Kamarajar Port to the list of sea ports where Pre Shipment Inspection Certificate is exempted in case of import of metallic scrap coming from safe countries & regions.
   
   The amended para will be “Import consignments of metallic waste and scrap shall be subject to pre-shipment inspection certificate from the country of origin. However, metallic waste and scrap, both shredded and unshredded, imported from safe countries & region i.e. the USA, the UK, Canada, New Zealand, Australia and the EU will not require PSIC if consignments are cleared through these ten ports namely, Chennai, Tuticorin, Kandla, JNPT, Mumbai, Krishnapatnam, Mundra, Kattupalli, Haxira and Kamarajar. Consignments from these six countries & regions will be accompanied by certificate from the supplier or scrap yard authority to the effect that it does not contain any radioactive materials & explosives. These will however be subject to radiation and explosive checks through portal monitors and container scanner at these ports. Trans-shipments through these countries & regions will not be allowed this facility. Import through remaining eight other ports, irrespective of country of origin, will be subject to Pre Shipment Inspection Certificate.”
   
   As a result, the total number of sea ports exempted for Pre Shipment Inspection Certificate for import of metallic scrap has increased from existing 8 to 10.
9. voda 25 januari 2022 07:19

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   Turkey's Crude Steel Production Hits All-Time High in 2021
   
   Strategic Research Institute
   Published on :
   25 Jan, 2022, 5:28 am
   
   Turkish Steel Producers' Association TCUD announced that Turkey's crude steel production increased by 12.7% YoY to reach 40.4 million tonnes in 2021 despite global protectionist measures, raw material, energy shortage, and restrictions to reduce carbon emission. As of June 2020, Turkey's crude steel production entered an upward trend as the markets started to recover partially after declines due to the pandemic. TCUD added “If the production losses due to natural gas and electricity cuts are curtailed, the statement said, it is expected that the vibrancy in the sector will continue this year thanks to increasing capacities through ongoing investments.”
   
   But, according to reports in Turkish media, while the cut in natural gas flow from Iran to Turkey due to a technical failure continues, the Turkish Electricity Transmission Corporation TEIAS has announced that electricity supply to organized industrial zones across the country will be restricted for at least three days as of today, January 24. The restriction will cause the country’s industrial production to come to a complete halt for at least three days. On the days when the restriction will be applied, the energy of the regions that draw more energy than the determined figure will be cut off and punitive sanctions will be applied. As a result, steel mills across the country have started to halt production
   
   The steel industry has become one of the most developed sectors in Turkey and today counts as the fourth largest contributor to the Turkish economy. Turkey has 26 electric arc furnace mill plants, 8 induction furnace plants and 3 BF-BOF plants. All steel companies in the country are privately held.
10. voda 25 januari 2022 07:19

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    SAIL BSP Breaks 11 Year Old Saleable Steel Production Day Record
    
    Strategic Research Institute
    Published on :
    25 Jan, 2022, 5:32 am
    
    Steel Authority of India Limited’s Bhilai Steel Plant has broken 11 years old record of saleable steel production by producing 19920 tonnes on 23 January 2022. SAIL BSP tweeted “Bhilai Steel Plant recorded best ever production of 19920 T Saleable Steel on 23rd January 2022, surpassing previous best record of 19404 T on 30th April 2011.”
    
    Steel Melting Shop 2 - 4456 tonnes of slabs
    
    Steel Melting Shop-3 - 2284 tonnes of bloom & 670 tonnes of billets.
    
    BSP’s finishing mills produced a total of 12,510 tonnes of finished steel.
    
    Rail & Structural Mill - 1794 tonnes of rails
    
    Universal Rail Mills produced 2449 tonnes of rails
    
    Merchant Mill - 1571 tonnes of angles
    
    Wire Rod Mill - 1410 tonnes of wire rods
    
    Bar & Rod Mill - 2138 tonnes of rebar
    
    Plate Mill - 3156 tonnes of plates
11. voda 25 januari 2022 07:22

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    PT Krakatau Steel to Raise Stake in Krakatau Posco JV to 50%
    
    Strategic Research Institute
    Published on :
    25 Jan, 2022, 5:35 am
    
    Indonesian steel maker PT Krakatau Steel plans to raise its stake in its Krakatau Posco joint venture to 50% from 30% at a cost of about USD 265 million. With the increased stake, its joint-venture partner South Korea's POSCO will see its shareholding fall from 70% to 50%. The additional capital was carried out to optimize the Hot Strip Mill 2 production facility. This is based on an agreement on 12 May 2016, 06 August 2020 and a Memorandum of In-Kind Transaction Procedure Agreement on 31 December 2021. Krakatau Steel and POSCO plan to increase cooperation in order to create the 'Cilegon 10 million tonne Steel Cluster Road Map through the Hot Strip Mill Production Facility Optimization Cooperation Plan
    
    Krakatau Posco operates an integrated steel mill at Cilegon in Banten in Indonesia with a production capacity of 3 million tonnes per year. The venture has plans to increase production to 6 million tonnes year under a phase two project.
12. voda 25 januari 2022 07:23

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    JSW Steel Orders Converters Continuous Casters for VijaynagarPlant
    
    Strategic Research Institute
    Published on :
    25 Jan, 2022, 5:40 am
    
    JSW Steel Ltd’s wholly owned subsidiary JSW Vijayanagar Metallics Limited has placed an order with Primetals Technologies to supply equipment for its new Steel Melt Shop No 4 in Vijayanagar in Toranagallu. The order includes two BOF-converters, two ladle furnaces, gas cleaning and dedusting systems, two slab casters as well as level 1 and level 2 automation systems. The new melt shop has a design capacity of 5 million tonnes per year and will mainly produce high-quality carbon steel. It is part of a major project of JSW Steel to expand its JSW Steel Vijayanagar Works facility’s production capacity. Primetals Technologies will be responsible for engineering, supply of equipment, and advisory services for erection and commissioning.
    
    The two 350-tonne-BOF-converters feature the maintenance free Vaicon Lamella suspension system, water cone and barrel air cooling and will be equipped with slag stoppers, including the thermographic automatic slag identification system SlagMon, quick exchange type oxygen blowing lances and the Lomas converter off-gas analyzing system. A dry type gas cleaning system will reduce dust content to 10 mg per cubic meters at the stack. A steam type heat recovery system will improve energy efficiency, the secondary dedusting system will provide low work zone and roof top emissions. The two 350 tonne ladle furnaces will be equipped with copper-plated electrode arms and the Melt Expert electrode control systems.
    
    The two two-strand continuous slab casters are designed to produce slabs in a width range of 900 to 1,650 millimeters at thicknesses of 220 and 260 millimeters. The metallurgical length amounts to 34.5 meters. A wide variety of steel grades can be processed, including the complete range of ultra-low to high carbon steels, deep drawing, structural, peritectic and HSLA grades, micro and low alloy steels, strip grades and high silicon electrical steels. The casters are fully equipped with advanced technology packages, including LevCon mold level control, DynaFlex mold oscillation, Mold Expert breakout prevention and DynaPhase phase transformation modelling for maximum possible slab quality. Latest design DynaGap Soft Reduction 3D in all segments, Dynacs 3D cooling model, and Quality Expert for on-line slab quality assessment are also provided.
    
    The melt shop and the casters are also equipped with features to make them ready for Industry 4.0.
13. voda 25 januari 2022 07:30

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    Fenix Resources Ships Record 357,000 Tonnes from Iron Ridge
    
    Strategic Research Institute
    Published on :
    25 Jan, 2022, 5:30 am
    
    Fenix Resources Limited reported that it shipped a record 357,000 tonnes of high-quality iron ore from its Iron Ridge project in Western Australia's Mid West. Fenix Managing Director Mr Rob Brierley said "We generated an outstanding production performance which unfortunately was accompanied by lower iron ore prices and higher ocean freight costs. Pricing adjustments from the September 2021 quarter also impacted cashflows. However, we have stayed the course with our mine plan and continued to accelerate waste stripping to ensure we have orderly access to high grade ore sources, with the benefits of this strategy to be yielded in the June 2022 quarter and beyond.”
    
    Highlights
    
    Six shipments totalling 356,710 wet metric tonnes (wmt) of iron ore from the Iron Ridge Project in Western Australia were sold during the December 2021 Quarter, consisting of 188,391 wmt of lump and 168,319 wmt of fines
    
    Average price received was US$55.96 (~A$77) per dry metric tonne (dmt) FOB, which is equivalent to US$89.50/dmt (~A$123/dmt) CFR. Received prices were adversely impacted by quotation period price adjustments from the previous quarter that amounted to US$4.6m or USD 13.48/dmt (~A$19/dmt)
    
    C1 FOB cash costs for the quarter were AUD 94.09/wmt shipped

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14. voda 25 januari 2022 07:31

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    BHP Reports YoY Growth in Iron Ore & Thermal Coal in H1 2021
    
    Strategic Research Institute
    Published on :
    25 Jan, 2022, 5:30 am
    
    BHP has announced operational review for the half year ended 31 December 2021. BHP Chief Executive Officer Mr Mike Henry said "BHP was fatality free at our operated assets for the third consecutive year. Our continuing focus on people and on operational reliability enabled us to achieve near record production in iron ore and to reduce the impacts of adverse weather and COVID-19 related labour constraints in our operations. Cost control remained strong across the business, in the face of a more inflationary environment. Unit cost guidance remains intact bar a change to metallurgical coal which is a function of the lowering of production guidance as a result of significant wet weather and in anticipation of Omicron headwinds in the early part of the second half of the financial year.”
    
    He added “We completed major planned maintenance programs in our Iron Ore, Nickel West and Olympic Dam assets. In Nickel West, we achieved first saleable production of nickel sulphate crystals from the Kwinana plant, an exciting new addition to our product suite that will further enhance our offering into the battery electric vehicle market. The ramp-up of South Flank continues to progress well. The Spence Growth project is realising lower than expected recoveries and we are studying plant design modifications in order to lift recoveries to planned levels.”
    
    H1 of 2021
    
    Iron Ore - 129.4 million tonnes, up 0.8% YoY
    
    Metallurgical coal - 17.7 million tonnes, down 8.0% YoY
    
    Energy coal - 11.4 million tonnes, up 38.9% YoY
    
    Copper - 742.0 KT, up down 11.8% YoY
    
    Zinc - 62.9 KT, up down 17.6% YoY
    
    Nickel - 39.3 KT, up down 14.9% YoY
15. voda 26 januari 2022 06:37

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    Mondiale staalproductie opnieuw gedaald
    
    Door ABM Financial News op dinsdag 25 januari 2022
    Views: 3.649
    
    (ABM FN-Dow Jones) De mondiale staalproductie is december gedaald, maar niet zoals in de voorgaande maanden met dubbele cijfers. Dit bleek dinsdag uit cijfers van brancheorganisatie World Steel Association.
    
    In totaal vervaardigden de 64 staalproducerende landen vorige maand 158,7 miljoen ton staal, een daling van 3,0 procent op jaarbasis.
    
    Dat kwam vooral door China, wereldwijd met afstand de grootste fabrikant van staal. Daar daalde de productie in december met 6,8 procent tot 86,2 miljoen ton. In november daalde de productie nog met 22 procent.
    
    In de VS steeg de productie juist met 11,9 procent naar 7,2 miljoen ton.
    
    In Rusland maakte de productie een pas op de plaats.
    
    De EU kende een productiekrimp van 1,4 procent tot 11,1 miljoen ton.
    
    India produceerde in december 0,9 procent meer staal dan een jaar eerder. In Japan liep de productie zelfs met 5,4 procent op.
    
    Bron: ABM Financial News
16. voda 26 januari 2022 07:08

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    Frontier Group Starts Demolishing AEP Power Plant in Mason County
    
    Strategic Research Institute
    Published on :
    26 Jan, 2022, 4:52 am
    
    New Haven West Virginia based Frontier Group of Companies has started demolishing a former American Electric Power plant in Mason County ahead of developments by the Nucor Corporation. A boiler at the retired Philip Sporn Power Plant was safely dropped Saturday morning, and the remainder of the demolition project should be finished by the end of this year
    
    Sporn Power Plant was one of three AEP power plants closed in 2015 and has been vacant since that time. During its operation, Unit No 5, the first of the boilers dropped, generated 450,000 kilowatts of electricity and was the largest of the units at the former Sporn Power Plant. The other four units generated 145,000 kilowatts each.
    
    Frontier Group of Companies purchased the site in 2019. It has been since been named the New Haven Industrial Park. The site is located near the future home of the Nucor steel mill and has the utilities and infrastructure needed to attract industrial developers.
    
    Nucor Corporation recently announced plans to build a state-of-the-art sheet mill in Mason County. The new facility is expected to cost approximately USD 2.7 billion and have the capacity to produce 3 million tons of steel annually.

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17. voda 26 januari 2022 07:09

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    Government Approves India Innovation Centre for Graphene in Kerala
    
    Strategic Research Institute
    Published on :
    26 Jan, 2022, 4:56 am
    
    Kerala Government’s Digital University Kerala, along with CMET-Trichur, is gearing up to set up India Innovation Centre for Graphene in Kerala. The Ministry of Electronics and IT has given approval for the INR 86.41 crore-project. The centre, which will be implemented with the support of Government of Kerala, has the potential to accelerate the state’s growth in the knowledge industry sector and the Tata Steel Ltd will be the industrial partner of the centre. The chief investigators of the project, Dr AP James of DUK and Dr ASeema of CMET-T are leading the initiative, with an aim to bridge the gap between graphene academic research and industrial applications, it said. The centre aims to be an anchor point to promote startups and commercial research.
    
    The main collaborators to the centre include scientists from the National Graphene Institute, University of Manchester, and a growing list of expressions of interest from industry partners from around the world.
    
    The emerging 2D materials will have a wide range of commercial and industrial applications in biomedical, defense, electronics, energy, and sensors, in the next decade. The centre will also develop the skilled manpower by anchoring PhD and master students through Digital University, with an applied research focus in the areas of electronics product design, sensors, and energy applications
    
    Graphene is the thinnest and strongest material in the world ever known and has good chemical stability, high electrical conductivity and a large surface area while being transparent and lightweight. Often referred to as the wonder material for its extraordinary electrical and electronic properties, graphene, as per latest researches, could replace indium and thereby bring down cost of Organic Light-Emitting Diode screens in smartphones.
18. voda 26 januari 2022 07:09

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 18 apr 2024

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    Steel Dynamics Reports Record-Breaking Earnings in 2021
    
    Strategic Research Institute
    Published on :
    26 Jan, 2022, 4:58 am
    
    US steel maker Steel Dynamics Inc announced that its 2021 net income was a record USD 3.2 billion, with record net sales of USD 18.4 billion, as compared to net income of USD 551 million with net sales of USD 9.6 billion in 2020. Steel Dynamics Inc’s Chairman & Chief Executive Officer Mr Mark D Millett said "Domestic steel demand was strong throughout the year supported most significantly by the construction, automotive, and industrial sectors. Customer steel inventories also remained historically low, as steel supply was not sufficient to meet robust demand requirements during much of the year. This strong market environment drove significantly higher realized steel selling values, resulting in meaningful steel metal spread expansion."
    
    With three primary operating platforms, Steel Dynamics achieved record annual financial and operational performance. Steel Dynamics steel operations achieved record annual 2021 shipments of 11.2 million tons and record operating income of USD 4.4 billion. Steel Dynamics metals recycling and steel fabrication operations also achieved record 2021 annual operating income of USD 195 million and USD 365 million, respectively.
    
    Outlook "We believe the market dynamics are in place for domestic steel consumption to further increase in 2022 when compared to 2021. Based on domestic steel demand fundamentals and customer confidence, we believe North American steel consumption will experience steady growth, supported by the construction, automotive, and industrial sectors. Our Structural and Rail Division and steel fabrication operations provide us with more specific insight into the non-residential construction sector, which is the single largest domestic steel consuming sector. Based on our record steel fabrication order backlog extending through most of 2022, combined with the continued strength of order activity and broad customer optimism, we believe construction will remain strong in the coming year. In addition, we believe the more severe supply chain challenges within the North American automotive sector will abate during 2022, supporting stronger production for vehicles that are in high demand and short supply.“
19. voda 26 januari 2022 07:10

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    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 18 apr 2024

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    MMK Selects Siemens to Create Competence Centre in Russia
    
    Strategic Research Institute
    Published on :
    26 Jan, 2022, 5:01 am
    
    Russian steel maker Magnitogorsk Iron & Steel Works and Siemens LLC have entered into an agreement to develop an integration platform and create a competence centre based on MMK. MMK chose WinCC Open Architecture integration platform from Siemens as the principal product for the real-time database of the MMK Group's digital platform. The WinCC Open Architecture integration platform is designed to establish a flexible and scalable system for gathering, storing, visualising, preparing, and transmitting data, hence contributing to more efficient use of resources of large companies such as MMK. The platform will enable the implementation of plans to connect all of the Group's production facilities into a unified information environment, ensuring the transparency of technological processes and raising the level of production management.
    
    Siemens and MMK design teams have already started working together. In particular, they have developed a roadmap for the implementation of the platform at the MMK site. In the first stage, it is planned to audit the enterprise's digital landscape, and then use it as a foundation for developing architecture for a single information space based on WinCC Open Architecture, developing the concept of interaction with other components of the MMK digital platform, and reviewing information security issues.
    
    The second and following stages will focus on deploying the platform on MMK’s information resources and implementing specific practical cases on its basis.
    
    The formation of the WinCC OA Competence Centre based on MMK-Informservice will be a critical milestone in the platform's implementation. As part of this task, the resource base of the centre will be identified and created, and MMK specialists will be trained.
20. voda 26 januari 2022 07:18

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    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 18 apr 2024

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    EcoGraf Produces GreenRECARB Products for Steel Making
    
    Strategic Research Institute
    Published on :
    26 Jan, 2022, 5:04 am
    
    Australian diversified battery anode materials company EcoGraf Limited announced the production of initial GreenRECARB products as part of the Company’s global product development program for the new EcoGraf Battery Anode Material Facility in Western Australia. GreenRECARB products achieve specifications required for use as an environmentally superior replacement for petroleum coke furnace additives by global steel manufacturers. Key advantages of GreenRECARB are its high purity with reduced sulphur and nitrogen levels, improved carbon absorption efficiency and low emission manufacturing process compared to existing coke products.
    
    EcoGraf GreenRECARB is a recarburiser additive for use in electric arc and induction furnace steel manufacturing processes. Steel manufacturers are seeking more sustainably produced additive materials to replace the use of energy intensive fossil fuel based calcined petroleum coke products. Importantly, the high carbon absorption efficiency of natural crystalline graphite additives in both electric arc and induction furnace steel manufacturing processes is expected to increase the operating efficiency of these furnaces and lower steel production costs.
    
    This recarburiser program is part of the extensive international product development program to enhance the value of by-products generated from the manufacture of EcoGraf HFfree high density battery anode material products. The initial phase of the EcoGraf GreenRECARB program consisted of bench scale formulation of optimum binding, granulation and pelletisation processes to produce a cost-effective and environmentally superior recarburiser product for steel manufacturers.
    
    Electric arc furnace steel production currently accounts for approximately 30% of the global steel market and requires a minimum of 3-4% recarburiser additive, providing a market opportunity of up to 1 million tonnes of recarburiser each year.
    
    EcoGraf is building a diversified battery anode material business to produce high purity graphite products for the lithium-ion battery and advanced manufacturing markets. Over USD 30 million has been invested to date to create two highly attractive, development ready graphite businesses. The first new state-of-the-art EcoGraf processing facility in Western Australia will manufacture spherical graphite products for export to Asia, Europe and North America using a superior, environmentally responsible HFfree purification technology to provide customers with sustainably produced high performance battery anode material. Subsequently, the battery graphite production base will be expanded to include additional processing facilities in Europe and North America to support the global transition to clean, renewable energy in the coming decade and the rapid growth in battery materials.