Arcelor Mittal « Terug naar discussie overzicht

Nieuws en info hier plaatsen (deel 4)

voda
0
AMNS India Signs 6 MoUs with Gujarat Government to Drive Growth

Strategic Research Institute
Published on :
28 Jan, 2022, 5:50 am

Gujarat government announced that ArcelorMittal Nippon Steel India has signed MoUs for six projects worth INR 166,000 crore with the Gujarat government. The MoU was signed by Gujarat additional chief secretary for industries Mr Rajiv Gupta and AM/NS India CEO Mr Dilip Oommen, as part of the upcoming 10th edition of Vibrant Gujarat Global Investor’s Summit-2022.

According to media reports, the proposed investments involve

INR 45,000 crore to increase the Hazira plant’s steel production capacity from the current 8.6 million tonnes per annum to 18 million tonnes per annum.

INR 30,000 crore on expansion of its green steel plant situated at Suvali near Surat

INR 17,000 crore in a coke oven project in Hazira

INR 4,200 crore for the expansion and modernisation of its captive jetty in Hazira

INR 30,000 crore for the development of an industrial cluster in the proximity of Surat

INR 40,000 crore Tto install 10 GW renewable energy generation plant at different places in Gujarat
voda
0
US Steel Reports USD 4.2 Billion Net Eraning for 2021

Strategic Research Institute
Published on :
28 Jan, 2022, 5:32 am

Pittsburgh-US headquartered United States Steel Corporation has reported that 2021 net earnings was USD 4.174 billion as compared to net loss of USD 1.165 billion in 2020. US Steel President & CEO Mr David B Burritt said “2021 was a year of records and we delivered with record earnings and free cash flow and record safety, environmental, quality, and reliability performance. We enter 2022 from a position of strength and are relentlessly focused on continuing our disciplined approach to creating stockholder value. Our balance sheet has been transformed, record cash significantly de-risks strategy execution, and our capital allocation priorities have enhanced direct stockholder returns. We are a fundamentally different company from a year ago and expect 2022 to be another strong year.”

Financial Performance 2021

Net Sales – USD 20,275 million

Net earnings- USD 4,174 million

EBITDA – USD 5,592 million

Raw Steel Production 2021

Flat-Rolled – 9.381 million net ton, up 1% YoY

Mini Mill – 2.683 million net ton

US Steel Europe – 4.931 million net ton, up 46% YoY

Tubular- 0.464 million net ton, up 2800% YoY

Raw Steel Capability Utilization 2021

Flat-Rolled - 53% (55% 2020)

Mini Mill - 81%

US Steel Europe - 99% (67% 2020)

Tubular - 52% (7% 2020)

Steel Shipments 2021

Flat-Rolled – 9.018 million net ton, up 143% YoY

Mini Mill - 2.230 million net ton

US Steel Europe – 4.302 million net ton, up 41% YoY

Tubular - 0.444 million net ton, down 4% YoY

Total Steel Shipments – 15.994 million net ton, up 31% YoY

Average Realized Price 2021

Flat-Rolled – USD 1,172 per net ton, up 63% YoY

Mini Mill– USD 1,314

US Steel Europe– USD 966 per net ton, up 54% YoY

U.S Steel Europe – EUR 816 per net ton, up 49% YoY

Tubular– USD 1,696 per net ton, up 33% YoY
voda
0
BHP Iron Ore Production in H1 of FY 2021 up by 1%

Strategic Research Institute
Published on :
28 Jan, 2022, 5:30 am

BHP announced that total iron ore production increased by one per cent to 129 million tonnes in H1 of 2021 FY. Guidance for the 2022 financial year remains unchanged at between 249 million tonnes and 259 million tonnes.

WAIO finished the half year at near record production levels at 127 million tonnes, 144 million tonnes on a 100 per cent basis, despite impacts of temporary labour constraints relating to COVID-19 border restrictions and the planned major maintenance on car dumper one and the Jimblebar train load out. This reflects continued strong supply chain performance including higher car dumper performance and improved rail cycle times. South Flank ramp up to full production capacity of 80 million tonnes, 100 per cent basis, over three years remains on track with a peak rate of 45 million tonnes achieved in the half year contributing to record lump sales. In December 2021, BHP approved the South Flank Autonomous Haulage Project to automate the current fleet of Komatsu haul trucks. The project is scheduled to commence in the June 2022 quarter and is expected to be completed within 18 months. The proposed easing of Western Australia's border restrictions on 5 February 2022 may introduce some short-term disruption to the operating environment as the COVID-19 pandemic evolves in the state.

Samarco production was 2.1 million tonnes, BHP share, following the recommencement of iron ore pellet production at one concentrator in December 2020. Guidance of between 3-4 million tonnes, BHP share, remains unchanged for the 2022 financial year.
voda
0
SSAB Reports Strong Results for 2021

Strategic Research Institute
Published on :
31 Jan, 2022, 4:30 am

Swedish steel maker SSAB’s President and CEO Mr Martin Lindqvist said “The full year 2021 was the best in SSAB’s history with record results posted by all divisions. Most of this improvement was driven by high steel prices. Internal performance was good during the year, with high production stability and improved safety results. During the year, SSAB strengthened its position as the driving force in the green transition in the steel industry.”

Operating profit for the fourth quarter of 2021 increased to SEK 6,961 and full-year earnings rose to a record high SEK 18,837 million. Net cash flow was strong and amounted to SEK 12.4 (2.2) billion for the full year and with net cash of SEK 2.3 billion, the Group is now debt free. The product mix was improved during the year in line with strategic targets. SSAB Special Steels increased shipments to 1.46 (1.13) million tonnes and SSAB Europe increased its share of premium products to 43% (38%).

SSAB Special Steels’ operating profit for the fourth quarter increased to SEK 1,540 (518) million and the operating margin to 23.5% (12.7%). SSAB’s high-strength steels support, among other things, our customers’ sustainability strategies and their aim to improve productivity and sustainability performance in machinery and other equipment. SSAB Europe’s operating result for the fourth quarter increased to SEK 3,301 (83) million and the operating margin to 26.5% (1.1%). SSAB Americas’ operating result increased to SEK 2,188 (18) million and the operating margin increased to 35.6% (0.5%).

SSAB said “The outlook for the first quarter of 2022 is basically positive, albeit with continued uncertainty due to a shortage of components at several of our customers, as well as bottlenecks in logistics chains, not least in the light of the growing spread of Covid-19.”

SSAB is leading the green transition of the steel industry through the unique HYBRIT initiative, which SSAB is driving forward together with its partners.
voda
0
PESB Recommends Mr BP Singh as Director-in-Charge of SAIL DSP&ISP

Strategic Research Institute
Published on :
31 Jan, 2022, 4:30 am

Public Enterprises Selection Board has recommended Mr Brijendra Pratap Singh for the post of Director in-charge, Bumpur and Durgapur Steel Plants, of Steel Authority of India Ltd. Mr BP Singh, a Mechanical Engineering graduate from ISM Dhanbad, had joined SAIL in 1989 and will retire in 2028. The current DSP CEO Mr AV Kamalakar is retiring from his post on 31 January 2022. With this, the post of director-in-charge will be created instead of CEO from February 1, 2022 at Durgapur Steel Plant. Apart from Durgapur, the new director-in-charge will also be given the responsibility of IISCO-Burnpur steel plant.

The following applicants were interviewed in the selection meeting:

Mr Arvind Kumar Singh, ED SAIL

Mr Sanjay Sharma, ED SAIL

Mr Brijendra Pratap Singh, ED SAIL

Mr Jagdish Arora, ED SAIL

Mr S Subbaraj, ED SAIL

Mr Subhash Kumar Das, ED SAIL

Mr Manoj Kumar Sinha, GM RINL

Mr Amit Raj, GM MECON Limited

The Appointments Committee of the Cabinet had approved the restructuring of the board of Steel Authority of India in September 2020 giving more powers to officials directly heading steel plants. After the approval, the four posts of Chief Executive Officer of plants were elevated as functional directors. These CEOs were designated as director-in-charge of Bokaro, Rourkela, Bhilai and one director-in-charge jointly for Burnpur and Durgapur steel plants. The restructured board now consists of Chairman, Director Finance, Director Commercial, Director Technical, Project & Raw Materials, Director Personnel, Directors in-charge of integrated steel plants. The board has non-official directors as per the Companies Act 2013 and two government nominee directors.

Present Director in Charge

BSP – Mr Anirban Dasgupta, B Tech IIT BHU in Metallurgy, 1986

BSL – Mr Amarendu Prakash, B Tech BIT Sindri, 1987

RSP - Mr Amarendu Prakash. PESB has recommended Mr Atanu Bhowmik, B Tech NIT Rourkela, in December 2021

This ACC decision reversed 2011 restructuring when SAIL replaced managing directors at its five plants and appointed chief executive officers instead, to increase operational autonomy and prune the board strength. The CEOs reported to SAIL Chairman. The change reduces SAIL’s board strength to 18 from 24. First lot of CEOs that who assumed charge at the company’s five plants included

BSP - Mr Pankaj Gautam

BSL – Mr SS Mohanty

RSP – Mr SN Singh

DSP - Mr PK Bajaj

IISCO – Mr NK Jha
voda
0
SAIL CMO ED Mr MC Agrawal is New Chairman of mjunction

Strategic Research Institute
Published on :
31 Jan, 2022, 4:30 am

Steel Authority of India Limited’s Central Marketing Organization’s Executive Director Sales & International Trade Division Mr MC Agrawal has been appointed Chairman of India’s largest B2B e-commerce company mjunction services limited. He takes the mantle from outgoing Chairman Mr Rajiv Mukerji of Tata Steel.

Mr Agrawal holds a Bachelor of Engineering degree in Metallurgical Engineering from the Malviya National Institute of Technology in Jaipur. He has held several key positions in SAIL over the last several years and has been a Director with mjunction for the last one year.

Founded in February 2001, mjunction services limited is a 50:50 joint venture of SAIL and Tata Steel. mjunction has been one of the frontrunners in the B2B e-commerce space in India. It has service offerings spanning the entire B2B e-commerce spectrum and covers e-sales, e-sourcing, e-procurement, e-finance and loyalty solutions. It provides a transparent and efficient electronic marketplace where buyers and sellers of diverse goods and services can transact in a model that delivers value to both parties in an efficient and transparent manner. mjunction has evolved platforms for steel, coal, idle assets, agro commodities and minerals – they are transactional platforms which facilitate both sides of the supply chain. In 2020, it launched an electronic marketplace for tea in Assam. And in 2021, it launched its second e-marketplace for non-moving spares, called mjValueMart.

Its business volume of the company in terms of transaction value has soared from to INR 139,824 crore in FY21.
voda
0
Hoa Phat Group Achieved Record High Profit in 2021

Strategic Research Institute
Published on :
31 Jan, 2022, 4:30 am

Vietnamese steel maker Hoa Phat Group achieved after-tax profit of VND 7.4 trillion, up 59% YoY in 2021. Hoa Phat Group recorded revenue of VND 150.8 trillion, an increase of 65% compared to 2020. The group’s after-tax profit for the first time reached VND 34.5 trillion, increasing 1.56 times against the previous year. Despite of facing many difficulties caused by the COVID-19 pandemic, Hoa Phat iron and steel production complexes in Hai Duong in Dung Quat Quang Ngai and Hung Yen operated at full capacity. Hoa Phat supplied to the market a total of 8.8 million tonnes of steels including steel billet, construction steel, hot rolled coil, steel pipe and galvanized sheet, up 35% YoY.

With its performance, Hoa Phat held the No 1 market share in Vietnam for construction steel and steel pipes with 32.6% and 24.7% respectively.

Export activities have made an important contribution to the output in 2021 with 2.6 million tonnes of products of all kinds, double that of 2020. The export promotion helps Hoa Phat Group diversify its consumption markets while the domestic market was affected by the COVID-19 pandemic.

Hoa Phat is carrying out major projects including Hoa Phat Dung Quat 2 Steel Integrated Complex, Hoa Phat general port in the Dung Quat economic zone, a container manufacturing factory in Ba Ria-Vung Tau province and the home appliances producing plant in Ha Nam province. Once completed, these projects will raise the scale and promote long-term growth for Hoa Phat Group.
voda
0
Shareholders Approve Posco’s Splitting Plan

Strategic Research Institute
Published on :
31 Jan, 2022, 4:30 am

South Korean steel giant POSCO has gained shareholders’ approval to split it into a holding entity POSCO Holdings and a standalone steel-making subsidiary POSCO in March. The plan gained a vote of approval by 89.2% of POSCO’s shareholders on Friday. Voter turnout came at 75.6% in terms of the number of shares. The scheme was passed despite some protest from retailers on concerns about share dilution and uncertainty over the stock cancellation plan. POSCO Chairman Choi Jeong-woo aid “With the transition into a holding structure, we’ll be able to accelerate balanced growth of steel-making and new businesses and improve brand identity as a green energy and future materials company for better corporate value.

Under the scheme, the existing company will transform into a holding entity to focus on exploration of the group’s new business opportunities and investment and own a 100% stake in the standalone steel-making subsidiary. The official launch of the two is due on March 2. The steelmaker’s name will stay unchanged as POSCO. POSCO Holdings will be at the top of the group governance, below which will be POSCO and other affiliated units like POSCO Chemical, POSCO Energy, POSCO International and POSCO E&C.

As of the end of September, POSCO shares were held 9.75% by the National Pension Service, 7.30 percent by Citibank Korea, and 1.41% by employee union. Institutions, foreigners and retailers held the remaining 80%.
voda
0
Indian Steel Association Seeks Policies for Greening Steel

Strategic Research Institute
Published on :
31 Jan, 2022, 4:30 am

Indian Steel Association has prepared some of the policy enablers to increase the focus on Green Steel. ISA President& AM/NS India CEO Mr Dilip Oommen said “Central to a successful journey towards decarbonization of steel industry is the availability of sufficient green hydrogen and renewable energy at competitive pricing. The technologies required to adapt these with the existing infrastructure will be a real challenge. Therefore, the transition towards greening steel will incur high initial capital costs, and also operating low carbon steel plants will be considerably expensive in the short to medium term at least. The Government needs to lay strong emphasis on R&D support, long-term finance availability at competitive rates, cross-sector collaboration, incentives along with a well-designed policy to accelerate this transition.”

1. Demand Pull for Green Products - Preferential Public Procurement-Mandating that the government-funded construction projects source at least a portion of their steel from low-carbon-emitting producers & introducing standards for Green Steel; establishing Buyer Clubs, etc.

2. Carbon credit mechanisms for transfer of technology and financing for putting up breakthrough technologies - The companies reducing their CO2 emission intensity below a set baseline & sectoral target should be incentivised in terms of either subsidisation of new technology or tax incentives.

3. Facilitate Carbon Capture and Storage & Carbon Capture Utilization and together CCSU options to support the steel industry in decarbonizing. Some Policy in line with Solar Power or National Bio-Fuel Policy may be introduced to promote carbon capturing and converting the same into sustainable fuel. Direct incentives may be provided to the industry to make these technologies economically viable.

4. Renewable Power transmission charges waiver - Planning for new plants to be ready for hydrogen or carbon capture and provision of new electric furnaces to be powered using renewable electricity.

5. R&D collaboration is at the core of industry transition - Hydrogen holds a special space in this regard. If hydrogen prices reduce from the present USD 5-10/Kg to USD 1-2/kg, it can provide a huge push to low carbon growth. Focus on development of hydrogen ecosystem is essential. Support to the Domestic Industries by Government of India for research and development

6. Funding demonstration projects – Ensuring public support for setting up pilot projects for ‘Hydrogen’ and use in steel plants and large scale CCUS by way of Policy initiative

7. EU Carbon Border Adjustment Mechanism - The Government may appropriately take up the issue related to CBAM at various international platforms till the time the sector and country is ready with adopting carbon pricing mechanism at an appropriate time suitably.

The Indian Steel Sector is required to achieve a C02 emission intensity reduction to 2.4 tC02/tcs by 2030 so as to get aligned with the already fixed Nationally Determined Contributions (NDC). It is expected that the fresh NDCs might get fixed by the concerned Ministry after discussions with stakeholders to prepare a broad sector wise road map in place for reduction in carbon emissions and corresponding NDCs. To meet India's COP26 targets, the greening of steel is essential. However, curtailing emissions will require steel plants to make major upgrades. Policies that ensure public projects procure some steel from low carbon emitting producers and set standards for green steel will get the ball rolling with respect to meeting such targets.
voda
0
Danieli Corus & Giprokoks to Cooperate for Cokemaking Technology

Strategic Research Institute
Published on :
31 Jan, 2022, 4:30 am

Ukrainian SE Giprokoks and plant engineering company Danieli Corus from The Netherlands have signed a multi–year Memorandum of Understanding for the joint execution of projects related to Cokemaking Plants as well as By–product Plants around the world. Both parties have a long track record in these fields with technology portfolios and competences being complementary, unlocking major synergy potential for the construction of new Cokemaking Plants as well as revamps or upgrades for existing plants.

SE "Giprokoks" was founded in 1929 and in the course of more than 90 years, the company has completed more than 400 projects for coke oven batteries in 26 countries. The entire coke oven and by-product industries in the CIS countries were built according to SE Giprokoks designs. The technology portfolio is in full accordance with modern global standards and is protected by more than 500 author certificates and patents. SE Giprokoks has issued more than 50 licenses and know–how to companies on all continents. A key example of a proprietary SE Giprokoks technology that has been implemented world–wide is the Coke Dry Quenching process – one of the past century’s major environmental breakthroughs in Cokemaking.

In addition to the activities related to the best–in–class Blast Furnace Ironmaking and BOF Steelmaking technologies, Danieli Corus has executed Coke Battery repair projects, Coke Plant Condition Assessments and environmental control projects since the company’s inception in 1977. The most recent additions to the Cokemaking portfolio are the “Smart Repair” approach based on the application of large, non–expanding modules for the quickest and safest repairs of battery walls and the innovative FastWall concept ideally suited for through wall repairs and pad-up rebuilds. These additions are the result of a newly formed joint venture with the company HeatTeQ of the Netherlands.

In the ongoing transformation of global steel production towards a greener and more sustainable industry, the Coke Plant is one of the key areas for improvement. SE "Giprokoks" and Danieli Corus are confident that the joint competences and networks of both companies will contribute greatly to this process in years to come.
voda
0
Nucor Ship First Green Steel Econiq to General Motors

Strategic Research Institute
Published on :
31 Jan, 2022, 4:30 am

Nucor CEO Mr Leon Topalian confirmed during an investor presentation call that Nucor shipped first coil of Econiq to General Motors in January 2022, after launching this new line of steels this past October. He said “Our Econiq offering represents the world's first ever net zero carbon steel available at scale. We look forward to continuing to offer Econiq to more customers and, of course, lower greenhouse gas emission steel across our product portfolio. We're excited about Econiq. Again, this, again, more recent transformation over the last two, three, four years, and moving into a much more sustainable place, Nucor is, again, I think, been ahead of the curve. We've done things that many in our industry have not. We've got two virtual power purchase agreements today that because of our balance sheet allow us to be able to do those things. So it's not just the major OEMs in automotive now that are asking for it. We're seeing many of our construction, many of our OEM partners outside of automotive that are beginning to ask for this. And so I'm not going to detail out what the value is.”

Nucor had announced the launch of a line of net-zero carbon steel products called Econiq, produced using 100% renewable energy and carbon offsets in October 2020. General Motors was to be the first customer to receive the Econiq net-zero steel, starting in the first quarter of 2022. Nucor anticipates that all of the steel it ships to GM will be carbon-neutral by the end of 2022.

Nucor has announced a 35% reduction target by 2030. That will bring Nucor to about a 0.37, 0.38 tons of CO2 per ton of steel produced, which, again, in the world, numbers is incredibly low.
voda
0
South Korea Seeks Swift Revision of Section 232 Steel Tariffs

Strategic Research Institute
Published on :
31 Jan, 2022, 4:30 am

South Korea's Trade Minister Mr Yeo Han-koo, in a meeting with US Trade Representative Ms Katherine Tai during held lat week in Washington, has called on the US to swiftly begin talks to revise the Section 232 tariff rules on South Korean steel exports

The push came as US decided in October 2021 to lift import tariffs on European steel and aluminium imposed by former President Donald Trump in 2018. The lifting took effect on 1 January 2022. The deal is feared to have adverse impacts on South Korea's exports of steel and aluminium products, as it is likely to boost the volume of the EU's steel imports to the US.

In 2018, the US waived the tariffs on South Korean steel products, but it was in return for a yearly import quota of 2.63 million tonnes of steel, or 70% of Seoul's average steel products export volume over the past three years.
voda
0
Tenaris, Saipem & SIAD to Study CCSU in Dalmine Plant in Italy

Strategic Research Institute
Published on :
31 Jan, 2022, 4:30 am

Seamless pipe giant Tenaris, Saipem and SIAD have signed a Memorandum of Understanding to start the design phase of a carbon dioxide capture and utilization plant, to be built at the Tenaris plant in Dalmine in northern Italy. The project covers the capture of 30 tons of CO2 per day produced by the thermoelectric power plant installed at the TenarisDalmine plant. The CO2 captured through Saipem CO2 Solutions proprietary technology will be subsequently used by SIAD, specifically in the food and beverage industry, for crops, in water treatment, in metal processing and as a refrigerant gas with a reduced environmental impact.

Saipem CO2 Solutions technology, which is based on an innovative enzymatic process used for CO2 capture, allows for the use of waste heat whilst avoiding the use of toxic substances used in other processes.

The agreement among the three companies is structured in various phases, the first of which will be a feasibility study.
voda
0
SSAB Plans Nordic Production System for Green Transition

Strategic Research Institute
Published on :
31 Jan, 2022, 4:30 am

SSAB’s Board has taken a policy decision to fundamentally transform Nordic strip production and accelerate the company’s green transition. The decision was taken against the background of strongly growing demand for fossil-free steel. The plan is to replace the existing system with new mini-mill technology, which will result in a broader product program and improved cost position. The ambition is to largely eliminate carbon dioxide emissions around 2030, 15 years earlier than previously announced. However, to achieve this ambition, the necessary infrastructure, access to fossil-free electricity in particular, must be in place in time.

The intention is to transform SSAB’s Nordic production system based on the current business strategy. The new system will mean increased capacity for premium products, an improved cost position and fossil-free production. Under the new plan, Luleå and Raahe will be transformed into cost-effective mini-mills, with electric arc furnaces and rolling mills. Borlänge and Hämeenlinna will be further developed in line with the new production processes.

Strategic investments in the new strip production system are expected to total approximately SEK 45 billion during 2022-2030. At the same time, this will eliminate the need to invest in existing systems with blast furnaces, steel plants and rolling mills. The investment will result in a broader offering of SSAB’s premium products, advanced high-strength steel and quenched and tempered steel. An increased dimensional program with improved tolerances will broaden the offering to the vehicle industry, among others. The plan has a number of advantages

1. A broader product program in special steels and a better product mix with fossil-free products

2. Lower costs through, among other things, more efficient production and significantly shorter lead times

3. The elimination of carbon dioxide emission costs, as the blast furnaces are decommissioned

4. Increased flexibility to respond to business fluctuations once the transformation has been completed.

SSAB is leading the green transition in the steel industry through the unique HYBRIT initiative, which SSAB is driving forward together with its partners, and the conversion at Oxelösund, which has already been planned. Today’s decision means a transformation of SSAB’s other Nordic production sites during the next ten years, considerably faster than the earlier objective of 2045. The first step will be to develop a more detailed transformation plan for each production site. The order of site transformation will depend, among other things, on the availability of the necessary infrastructure, in particular access to competitive electricity. The plan means all SSAB’s emissions will be largely eliminated at the beginning of the next decade, which will mean an emission reduction of more than 8 million tonnes of carbon dioxide a year, compared with present levels. The investment will enable a reduction of around 10% in Sweden’s total carbon dioxide emissions and around 7% in Finland’s.
voda
0
NLMK Dansteel Produces First Slab in New Reheating Furnace

Strategic Research Institute
Published on :
31 Jan, 2022, 4:30 am

Russian Steel Maker NLMK’s Danish subsidiary NLMK Dansteel has produced first slab on NLMK DanSteel new 100 tonne-per-hour walking beam furnace. M The walking beam furnace delivers very good result regarding its scale formation and pollutant emission that comes with NOx lower than 100 mg per cubic meters. This is among others achieved through the combination of SMS DigiMod combustion management system, PrometheusPreventive Management System and the use of SMS ZeroFlame burners. The furnace is able to reheat a broad spectrum of slabs with a weight up to massive 62 tonnes.

The goal of the expansion project was to increase the share of HAV products in Europe in order to meet the growing needs of the market. The larger part, of the HAV plate was destined for the offshore wind sector and some volumes are intended for pressure vessel and storage tank production. NLMK had estimated that the plats demand for windmills production would add 8 11 million tonnes by 2023 arid 12-20 million tonnes more by 2030.

In March 2019, SMS group had signed an order covering the supply of a new 100-ton-per-hour walking beam furnace to be installed in the existing plate mill, which was supplied by SMS group too, of NLMK DanSteel located in Frederiksvaerk near Copenhagen. The new furnace included a broad range of innovations with the combination of SMS DigiMod combustion management system, SMS ZeroFlame burners and SMS GeniusCM system for predictive maintenance ensuring very good results in terms of low fuel consumption, reduced scale formation and pollutant emission that comes with NOx values lower than 100 mg per cubic meters. The new walking beam furnace will be able to reheat a wide spectrum of slabs in the weight range from 3.1 up to massive 62 tonnes for use in structural, shipbuilding, boiler and pressure vessel applications

Located in Frederiksværk, Denmark, NLMK DanSteel produces hot-rolled structural steel plates for construction, bridge building, wind industry (onshore/offshore), offshore oil and gas, shipbuilding, boiler and pressure vessels and transport. The mill offers a wide range of dimensions, with thickness between 5 mm and 220 mm, and widths between 1,000 mm and 4,050 mm. Production capacity is 550,000 tonnes of plates per year
voda
0
ArcelorMittal Kryvyi Rih Commissions BOF Convertor No 1

Strategic Research Institute
Published on :
31 Jan, 2022, 4:30 am

ArcelorMittal Kryvyi Rih has successfully commissioned their new BOF Converter No 1 on December 31st, 2021. This 160 tonne converter is the first of three to be supplied for Block 1 of the Kryvyi Rih BOF Shop under a contract awarded in August 2020, with the second and third vessels scheduled to be commissioned in 2022 and 2023 respectively.

All three converters will be equipped with Lamella type vertical suspension elements and the patented Daniella horizontal suspension technology. The Daniella suspension bracket was installed on the new trunnion ring of the existing, Ukrainian design. For this approach, a prefabricated “adaptation bracket” was welded into the trunnion ring - without the requirement for any further in situ machining.
voda
0
47 Tangshan Steel Mill Official Jailed over Fudging Pollution Data

Strategic Research Institute
Published on :
31 Jan, 2022, 4:41 am

As a part of a long-running environmental crackdown in the steelmaking hub, Tangshan government authorities announced on WeChat that 47 steel company officials of four mills in Tangshan city will be ailed for faking air pollution data. Tangshan City Courts found the employees of Tangshan Great Wall Steel Group, Tangshan Songting Iron & Steel Co, Hebei Xinda Iron & Steel Group Co, Tangshan Medium Thick Plate Co and Tangshan Jinma Steel Group guilty of environmental-pollution crimes. The courts said the companies tampered with emissions-monitoring devices and fabricated data in order to maintain illegal production in March 2021, while releasing large amounts of pollutants. Sentences ranged from six to 18 months & Tangshan Songting and Hebei Xinda were also fined CNY 4-7 million

Tangshan has been at the center of China's increasingly intensified efforts to curb emissions and decarbonize the country's massive steel-producing industry. The city aimed to reduce total emissions by 40% in 2021, and ordered some local steel producers to cut emissions by as much as 50% for a certain period during the year.
voda
0
Veteran Steel Industry Leader Mr Malay Mukherjee Passed Away

Strategic Research Institute
Published on :
31 Jan, 2022, 4:45 am

74 year old veteran global steel industry leader Mr Malay Mukherjee passed away on 29 January 2022. He was admitted to the Fortis Vasant Kunj hospital in New Delhi for the last 10 days and was on ventilation due to Covid-19 related complications. Mr Mukherjee had over 43 years of experience in a range of technical, commercial and managerial roles in the mining and steel industry. Mr Mukharjee is survived by wife Mrs Uma, son Mr Mohan and two grandchildren as his elder son Mr Muktesh and his Chinese wife Ms Xiaomo Bai, while returning to Beijing from a holiday, disappeared in 2014 in unsolved Malaysian MH370 flight disappearance. SteelGuru team members, who had more than 20 years of direct association, mourn his departure and offer condolences to bereaved family members

Mr Mukerjee was appointed to the board of JSW Steel on July 29, 2015. JSW Steel said “The Company immensely benefited from his vision and leadership during his tenure both as a Member of the Board of Directors and as a Member of Various Board Committees especially as Chairman of the Project Review Committee. His mentorship to senior colleagues in the organisation is irreplaceable and remains a source of inspiration for ever. Mr Mukherjee's passing away will be an irreparable loss to the Company and the entire steel fraternity. The Board of Directors and employees of the Company convey their deep sympathy, sorrow and condolences to his family.”

Mr Mukherjee acquired Bachelor of Science degree from Indian Institute of Technology Kharagpur and Master’s degree in mining from the USSR State Commission in Moscow. Mr Mukherjee was politically connected with former Minister Of Steel & Mines In former Prime Minister Ms Indira Gandhi’s cabinet Union Mr Mohan Kumaramangalam as son in law. He started off carrier with with Eastern Coalfield Ltd before joining IISCO Burnpur. He quickly rose within the ranks of Steel Authority of India Ltd. At 41, he became its youngest executive director. He served as Executive Director of Works at the Bhilai Steel Plant at Steel Authority of India Limited between 1991 and 1992.

He caught Mr LN Mittal's eye and joined Ispat International in 1993 and served as Executive Director for Mexico until 1995, Managing Director Mexico between 1995 and 1996 and General Director for Ispat Kazakhstan between 1996 and 1999. He later went on to serve as the CEO of Ispat Europe between 1999 and 2000. He served as President and Chief Operating Officer of Ispat International London between 2002 and 2004. He also served as the COO for Mittal Steel Company between 2004 and 2006. After merger with Arcelor, he served as the Senior Executive Vice President at ArcelorMittal between 2006 and 2008 as a Member of the Group Management Board, in charge of mines and steel plant operations in Africa, Asia, southern Europe (Bosnia, Macedonia), CIS, Ukraine, Kazakhstan and was responsible for ArcelorMittal Group Business segments of Stainless Steel, Pipes, Tubes and Technology in Asia, CIS and South Africa. Many believe that Mr Mukherjee & another SAIL stalwart late Mr Narendra Chaudhuary were the pillars for creation of Mr LN Mittal’s steel empire, but later quit after European managers started calling the shots in 2008.

Mr Mukherjee also served as the CEO of the ESSAR Steel Global during 2009 and 2011. Later, he joined UK based Mr Pramod Agarwal’s mining firm Zamin Ferrous with portfolio of iron ore assets in Brazil, Uruguay Australia and Indonesia. Currently, Mr Mukherjee was Chairman for VA Tech Wabag Ltd. He was also on the board of Petropavlovsk Plc and was Member of Indian Institute of Metals & Member of National Academy of Sciences of The Republic of Kazakhstan.
Bijlage:
voda
0
FMG Reports Record Half Year Shipments

Strategic Research Institute
Published on :
31 Jan, 2022, 5:30 am

Fortescue Chief Executive Officer Ms Elizabeth Gaines said “The Fortescue team has again delivered an outstanding performance for the first half of FY22 with mining, processing, rail and shipping combining to deliver record second quarter shipments of 47.5 million tonnes, contributing to record performance for a half year of 93.1 million tonnes. Our C1 cost was in line with the previous quarter, reflecting our strong focus on cost management to mitigate inflationary pressures associated with strong demand for labour and resources, as well as supply chain constraints due to COVID-19.”

Operations – Q2

Ore mined - 57.2 million tonnes, up 14% YoY

Overburden removed - 79.8 million tonnes, up 15% YoY

Ore processed - 49.2 million tonnes, up 11% YoY

Ore shipped - 47.5 million tonnes, up 2% YoY

C1 cost – USD 15.31 per WMT, up 20% YoY

FY22 guidance

Iron ore shipments of 180 – 185 million tonne

C1 cost of US$15.00 – USD 15.50 per WMT
Bijlage:
voda
0
Chinese Coking Coal Imports in 2021 Shrink by 25% YoY

Strategic Research Institute
Published on :
31 Jan, 2022, 5:30 am

China’s imports of coking coal plummeted in 2021, as the country strived to diversify its sources amid an unofficial ban on Australian coal and coronavirus pandemic-hit Mongolian imports. China has imported 54.7 million tonnes of coking coal in 2021, down 25% YoY. Mongolia was China’s biggest source for coking coal last year, but the supply was heavily impacted by virus-induced border closures and restriction at major land ports. In 2021, China imported 14.04 million tonnes of coking coal from Mongolia, down by 41% compared with a year earlier. Steel mills have as a result turned to other sources for coking coal, with imports from Russia up by nearly 60% to 10.67 million tonnes in 2021. Shipments from the United States also surged almost tenfold to 10.18 million tonnes, while imports from Canada also almost doubled to 9.27 million tonnes

China had previously relied heavily on Australia and Mongolia for coking coal, with combined imports accounting for 86.7% of total imports in 2019. China imposed unofficial bans on the imports of a variety of Australian products- including coal, lobsters and log timers in late 2020, after Canberra supported calls for an international investigation into China’s handling of the coronavirus outbreak. China only started to allow Australian coking and thermal coal that had been stranded at its ports due to an unofficial ban to be imported in the final three months of 2021. Among the coking coal imports, 11.3% or 6.17 million tonnes, was imported from Australia since October. 5.54 million tonnes of Australian thermal coal, which is used for power generation, was also imported in the final three months of last year when the country was faced with a power crunch due to a severe coal supply shortage. Most of the Australian coal that was being held at Chinese ports has now been cleared

It is expected that China’s appetite for imported coking coal may partially recover this year, but is still not expected to reach the pre-pandemic level. As steel output in China may also slow in line with industrial production and GDP growth, which are both softening.
30.965 Posts, Pagina: « 1 2 3 4 5 6 ... 1468 1469 1470 1471 1472 1473 1474 1475 1476 1477 1478 ... 1545 1546 1547 1548 1549 » | Laatste
Aantal posts per pagina:  20 50 100 | Omhoog ↑

Meedoen aan de discussie?

Word nu gratis lid of log in met uw e-mailadres en wachtwoord.

Direct naar Forum

Detail

Vertraagd 1 jul 2022 17:39
Koers 21,625
Verschil +0,115 (+0,53%)
Hoog 21,970
Laag 21,140
Volume 4.105.317
Volume gemiddeld 5.168.034
Volume gisteren 5.797.712

Brussel real time stocks quotedata by Euronext. Other real time EU stocks, by Cboe Europe Ltd.; US stocks by NYSE & Cboe BZX Exchange, 15 min. delayed
#/^ Index indications calculated real time, zie disclaimer, streaming powered by: Infront