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AIC to Modernize Stands for French Rolling Mill

Strategic Research Institute
Published on :
13 May, 2022, 5:58 am

Automazioni Industriali Capitanio will deliver the electrical, electronic, and engineering packages to modernize 4 stands for a French end customer-sited in Île-de-France, with the purpose of achieving quicker maintenance and waste reduction. The entire project involves a set of AC electrical cabinets equipped with SINAMICS S120 multidrive system and regenerative DC Bus, for ensuring high-performance outcomes, processes optimization and minor human intervention. Moreover, PLC and HMI software will be upgraded to achieve seamless integration in the existing automation system, parameterizing and refining the new converters.

Tasks will be accomplished by mid-2022.

AIC Capitanio Tailored Automation is a global system integrator that designs, manufactures & commission turn-key plants worldwide, providing advanced and tailored automation and mechatronics solutions for the steel industry, with the aim to continuously improve both efficiencies, competitiveness and safety of the production processes.
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Steel E-Motive Leveraging AHSS Steels for Future Transportation

Strategic Research Institute
Published on :
13 May, 2022, 4:57 am

World Steel Association’s WorldAutoSteel’s Ms Kate Hickey wrote in a blog that WorldAutoSteel & Ricardo’s Steel E-Motive project demonstrates the suitability of the latest Advanced High-Strength Steel grades for use in fully autonomous electric vehicles, engineered for Mobility as a Service, MaaS, transport model. The Steel E-Motive programme is working to develop two vehicle concepts for MaaS applications. Experts are working together to develop two vehicle concepts

1. A smaller four-passenger SEM1 variant is intended for inner-city journeys

2. A larger six-passenger variant SEM2 intended for longer inter-city journeys

Both the smaller SEM1 and larger SEM2 Steel E-Motive vehicles are all electric with zero tailpipe emissions that will help cut urban pollution. The aim is that the electricity source used for charging will be largely renewable. In addition, the vehicles are being designed to be as environmentally friendly as possible during their total life cycles. The Steel E-Motive vehicles are engineered to minimise greenhouse gas emissions created during vehicle manufacture, achieving more efficient use per part, meaning less overall steel production. This will reduce the greenhouse gas emissions generated during the vehicle’s lifetime, from manufacture to end-of-life recycling.

The AHSS steel concepts are expected to be finalised in early 2023 and will serve as the basis for car manufacturers in their quest to design sustainable autonomous electric vehicles using AHSS as their material of choice. Steel E-Motive will provide a very efficient example of AHSS capabilities to meet this new vehicle segment demand with options that will encourage users with safe, affordable transportation.

Autonomous vehicles operating in a ride sharing MaaS model alongside other public transport will help meet the challenge of serving a growing global population, while providing a sustainable transport solution around and between cities. With ride sharing, the number of single-passenger vehicles on the road drops, reducing traffic congestion, leading to an increase in capacity for passenger numbers and journeys.
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Hoa Phat Contunes to Step Up HRC Sales in April

Strategic Research Institute
Published on :
13 May, 2022, 5:01 am

Vietnamese steel giant Hoa Phat Group announced that it has produced 737,000 tonne of crude steel in April 2022, while sales of steel products including construction steel, hot rolled coil & billet reached nearly 600,000 tonne, 256,000 tonnes of which is hot rolled coils, posting a 20% YoY increase. Construction steel sales amounted to nearly 300,000 tonne, down 30% YoY. However, the construction steel export volume still increased by 28% YoY to 93,000 tonne. Sales of steel pipes totaled 44,000 tonne, while galvanized steel sales reached 31,000 tonne, up 60% YoY due to higher exports

In the January-April 2022, Hoa Phat Group produced 2.9 million tonne of crude steel, up 7% YoY, while sales reached 2.8 million tonne

Construction Steel - 1.6 million tonne, up 28% YoY

Hot Rolled Coil - 1 million tonne, up 16% YoY

Stel Pipes - 250,000 tonne

Coated Steel - 136,000 tonne
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EU Starts AD Duty Review on Seamless Pipes Imports from China

Strategic Research Institute
Published on :
13 May, 2022, 5:04 am

The European Commission has announced the initiation of an expiry review of the antidumping measures in force against imports of certain seamless pipes and tubes originating in China. The measures currently in place consist of a definitive antidumping duty imposed in 2017, with rates ranging from 29.2% to 54.9%. The investigation into the persistence or recurrence of dumping will cover the period from 1 January 2021 to 31 December 31. This will be concluded within 12 months and in any case no later than 15 months from today's date.

The review was initiated on the basis of an application submitted on 10 February 2022 by the European Steel Tube Association.

The product in question consists of seamless tubes, of seamless pipes and tubes of iron (other than cast iron) or steel (other than stainless steel), of circular cross section, of an external diameter exceeding 406,4 mm, currently falling under CN codes 7304 19 90, 7304 29 90, 7304 39 98 and 7304 59 99.
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Canada Starts Consultations on Steel Imports

Strategic Research Institute
Published on :
13 May, 2022, 5:07 am

The government of Canada has begun consultations seeking views on the potential collection and publication of country of melt and pour information for steel imports. Canada’s Minister of International Trade, Export Promotion, Small Business & Economic Development Ms Mary Ng launched public consultations to seek views on the potential collection and publication of country of melt and pour information for steel imports under Canada’s Steel Import Monitoring Program.

The consultations will provide a better understanding of the use and value of this data for stakeholders and to assess its potential application on the steel import process. Increasing surveillance over COM could increase supply chain transparency and help in obtaining a more fulsome picture of the origins of imported steel goods.

The consultations will be open until 26 June 2022, to all Canadians, including steel producers; manufacturers; processors; distributors; retailers and importers; industry associations and labour unions; small, medium, and large enterprises; academics and experts.
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Mr Poelvoorde Calls to Save EU Steel Makers Green Transition

Strategic Research Institute
Published on :
13 May, 2022, 6:14 am

European Steel Association EUROFER President & ArcelorMittal Europe CEO Mr Geert Van Poelvoorde, while speaking at the multisectoral business federation FEDIL’s annual reception in Luxembourg, spoke on the urgent topic of the decarbonisation of European steelmaking and the many uncertainties that the sector faces. Mr Van Poelvoorde explained in detail what ArcelorMittal Europe has already done to decarbonise to date, and what it will take to move to the next, crucial phase

He said “Building zero-carbon emissions steel plants across ArcelorMittal Europe means replacing the blast furnaces with DRI plants and building electric furnaces powered by renewable energy. Replacing the natural gas with green hydrogen in the DRI plants – once green hydrogen is available at scale and at a competitive price will bring our CO2 emissions down by 90%. And the remaining CO2 emissions will be captured and either stored or used. We have a detailed plan to do this and are ready to roll out this plan; we have the investment support of the Belgian, French, German and Spanish governments, and are preparing as much as possible, while we await funding approval from the European Commission, we submitted applications for funding, on time, last summer but are still waiting for a decision.”

Speaking in his EUROFER capacity, he added that across Europe more than 60 industrial scale projects are about to be launched by steelmakers - potentially reducing the European steel industry’s CO2 emissions by 81.5 million tonnes by 2030: That matches the annual CO2 emissions per capita of around 13 million Europeans – or more than the populations of Belgium and Luxembourg combined. No other energy-intensive industry has set out such ambition.

Ahead of votes on the ETS revisions in the environment committee of the European Parliament next week and a plenary vote in early June, Mr Van Poelvoorde said “The situation is very serious, and urgent. With the revised ETS that’s on the table today, even after the whole European steel sector has cut CO2 emissions by 30% and invested EUR 31 billion in capex and €55bn in opex, the European steel sector will be paying EUR 8.4 billion a year in CO2 costs in 2030 - at a time when we will still be investing heavily in the transition phase from blast furnace-based steelmaking to DRI-EAF steelmaking.”
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Is Indian Secondary Steel Market Getting Back to Square One?
Reduction of INR 4000 at Raipur this week has lowered prices of ingot to about INR 52000 per tonne EXW, still higher by about INR 4000-5000 to levels of INR 47000-48000 before Russian invasion, but o it signaling that, overcoming speculative forces, market realities are coming back to forefront. However, ingot prices at Raipur are still higher by INR 9000-10000 as compared to INR 42000-43000 in early January making finished steel expensive

Are Speculators Ruling Secondary Steel Market in India?
Prices of steel items in Indian’s secondary sector are continuing to be decided by some steel price messaging services, which keep changing prices several times a day, probably based on inputs from a group of speculators from some of the important secondary steel clusters including Mandi Gobindgarh & Raipur by even up to INR 7000-8000 in a short span of 2 days. A market insider has informed that several groups of steel market players are behind this network of such pricing services, with some groups operating 3-4 services under different names to give credibility of prices being messaged. As any prices increase is welcome by steel mills, steel makers across the country, including primary producers leverage this information to their advantage making these price messaging services as a benchmark, even though most market insiders know very well that this information is driven purely by speculation without any connect with market realities. However, the same steel makers feel the pinch when huge correction is factored through price messaging services, probably to buy their steel requirements at low prices, before hiking them again to sell their product. For example, taking advantage of uncertainties after Russian invasion of Ukraine on 24 February ingot prices at Mandi increased by more than INR 13000 in 13 day, only to correct by INR 8000 in next 5 days till 15 March creating extreme volatility. Thereafter, ingot prices at Mandi have been in 3 more up & down cycles. Even just before Holi on 18 March when market transactions are sparse, prices surged again by INR 4000 in 3 days, only to cool down by INR 4500 in next 7 days. Pencil ingot prices were in down cycle with INR 3400 correction this month but it seems that the trend is reversing today and secondary market could enter next up cycle in coming days

Is Speculation Driven Volatility Impacting Indian Steel Sector?
As sustainable business growth needs stable operating environment, speculation driven volatility in secondary steel prices in last 6-8 months, far from demand & supply realities & managed by few insiders through SMS services, has added a new challenge for Indian steel sector. Secondary steel makers & rolling mills, which normally work on cost plus meager margin basis, suddenly find that the prices of their finished goods are not workable in a down cycle as their input inventory is higher priced. Standalone rolling mills, buying semis from secondary as well from primary mills, too are perplexed by sudden changes. On the other hand steel users are clueless about managing this volatility and more often than not steel consumption is being impacted. Moreover, as almost 30-40% of steel consumed is directly or indirectly funded by the government, extreme volatility is hurting the development plans. Market insiders suggest that Indian Government body, on lines of NDRC in China which instills fear of extreme reprisals among paper traders, could control the volatility in a span of 4-5 days by identifying such steel pricing services and by merely “suggesting” them to refrain from this activity.

Bron: Steelguru
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Rebar import market plummets in East Asia
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The rebar import markets in Singapore and Hong Kong have plummeted to below $800/tonne cfr. Rebar from the Middle East has returned to the market and is once again the most competitive, Kallanish notes.

A 25,000-tonne cargo of theoretical-weight rebar from Oman for June shipment concluded around ten days ago at $795/t cfr Singapore. A Qatar-origin rebar cargo is heard offered at $800/t cfr Singapore. In Hong Kong, actual-weight rebar from United Arab Emirates is offered at $785/t cfr and from Saudi Arabia at $790 cfr. These are for July shipment.

Regional trading sources say there could be some deals by certain Chinese traders who placed orders to cover their short positions with hedging on the futures market. “I heard some sales to Hong Kong buyers at $760-785/t cfr but I have no clue on the purchase price concluded with the mills,” a Hong Kong trader says.

Vietnamese actual-weight rebar is currently offered at $797/t cfr Hong Kong. Malaysian and Indian theoretical-weight rebar is heard offered at $800/t cfr Singapore. Traders are also making offers for rebar cargoes with long-dated shipment. “There’s an offer for theoretical-weight rebar at as low as $750/t cfr for shipment by January 2023. That's obviously not backed by mills. It's a trader going short on forward delivery,” a regional trader in Singapore says.

There is unconfirmed market chatter about rebar from UAE being sold at $670/t fob – estimated $720/t cfr – to Singapore. A Singapore trader hears the deal concluded in the low $700s but adds that he heard the seller had specific issues with the buyer. Others say the price was too low for a physical back-to-back deal and thought that $770/t cfr was more realistic. Kallanish assessed BS4449 500B 10-40mm diameter rebar at $770-790/t cfr Singapore theoretical weight, $45 lower on-week.

Anna Low Singapore
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Researchers Study Stress Corrosion Cracking in Bolts in Bridges

Strategic Research Institute
Published on :
16 May, 2022, 5:44 am

20MnTiB steel is the most widely used high-strength bolt material for steel structure bridges in China and its performance is of great significance to the safe operation of bridges. High-strength bolts used in steel bridge usually serviced in humid atmosphere for a long time. Factors as high humidity, high temperature and the settlement and absorption of harmful substances in the environment are very easy to cause corrosion of the steel structure. Corrosion will lead to section loss of high-strength bolts, produce lots of defects and cracks. And these defects and cracks will continue to expand, so as to reduce the life of high-strength bolts and even led to its fracture.

Based on the investigation of the atmospheric environment in Chongqing in recent years, the corrosion solution to simulate the humid climate of Chongqing was designed in this study, and the stress corrosion experiment of high-strength bolts in the simulated humid climate of Chongqing was carried out. The effects of temperature, pH and concentration of simulated corrosion solution on the stress corrosion behavior of 20MnTiB high-strength bolts were studied.

Chinese researchers tested the properties of 20MnTiB steel commonly used for grade 10.9 high-strength bolts at high temperature in the range of 20–700 degree Celsius and obtained the stress–strain curve, yield strength, tensile strength, Young’s modulus, elongation and expansion coefficient. They analyzed the fracture of 20MnTiB high-strength bolts used in steel bridge through chemical compositions examination, mechanical properties test, microstructure examination, the macro and micro analysis of the thread tooth surface and fracture surface, and the results show that the main reason of high-strength bolt fracture is related to the thread defect, which generates large stress concentration, and both stress concentration of crack tip and corrosion condition in the open air cause the stress corrosion cracking.

To figure out the reasons for the failure of high-strength bolts used in bridges, the researchers carried out a series of studies. First, the spatial and temporal distribution characteristics of failed high strength bolts in the Chaotianmeng Bridge were analyzed, then representative failed high strength bolts samples were selected and the causes of the failure of these samples were discussed from the perspectives of chemical composition, micromorphology of fractures, metallographic structure and mechanical property analysis. Based on the investigation of the atmospheric environment in Chongqing in recent years, the corrosion solution to simulate the humid climate of Chongqing was designed. The stress corrosion experiment, the electrochemical corrosion experiment and the corrosion fatigue experiment of high-strength bolts in the simulated humid climate of Chongqing were carried out. In this study, the effects of temperature, pH and concentration of simulated corrosion solution on the stress corrosion behavior of 20MnTiB high-strength bolts were studied through mechanical properties test, the macro and micro analysis of the fracture surface and the surface corrosion products.
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Thatchers Cider Using British Steel Sections in Hive Phase 2

Strategic Research Institute
Published on :
16 May, 2022, 5:48 am

The largest British-owned supplier of cider in the UK market is having a fully automated warehouse facility being built using structural sections supplied by British Steel. The Hive Phase 2 began construction in 2021 and when complete, will house 18,000 pallets in the dark warehouse. It will be in keeping with the internal office décor, which features a honeycomb design. The project is intended to increase the efficiency with which stock is moved through the production process and speed up the loading and unloading of Lorries on site. Morgans of Usk fabricated the steel for this GBP 30 million investment project, which was supplied by British Steel.

In the last 10 years, Thatchers Cider has constructed 4 major building projects, all using steel from British Steel’s Teesside site.

The Jubilee Building was constructed in 2012/13 to house its kegging, canning and bottling facilities. It was opened in 2014 by the Earl and Countess of Wessex.

The Hive Phase 1 was constructed in 2018/19 and was the first part of the dark warehouse that contained a suite of open plan offices that brought the Thatchers Cider on-site team together in one place.

Myrtle Mill was also constructed in 2018/19 and is currently in use as a secondary warehouse.

Thatchers Cider is a fourth-generation independent family-owned business, which was founded by Mr William Thatcher in 1904. The company now employs around 200 people and has 500 acres of its own orchard, as well as using apples from other growers in the area. In 1992, Martin Thatcher took over the role as managing director for the business. Its growth under his direction and vision has been a big success story for the UK drinks industry.
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Report Seeks Policy Support for Vietnam’s Steel Sector Development

Strategic Research Institute
Published on :
16 May, 2022, 6:32 am

Viet Nam News reported that Vietnam’s Ministry of Industry & Trade’s proposed "Strategy for the development of Viet Nam's steel industry by 2030, with a vision to 2050", has called for additional governmental policies to support the steel industry as Viet Nam's steel industry is facing over reliance on input material imports, small production value and outdated technology. The ministry's conclusion is that the industry's competitive capacity is limited as its production was marred with energy inefficiency and environmental issues. Vietnam’s Minister of Industry & Trade Nguyen Hong Dien said “Despite its key role in the country's socio-economic development effort, the industry has not received adequate support, especially from a policy standpoint, due to a lack of tailored and streamlined policies to support its growth. It needs stronger government support for the sustainable and stable development of the industry as well as the country's metallurgy sector with a focus on increasing production of hot-rolled coil, high-quality steel and the establishment of steel mega complexes.”

According to the ministry, Viet Nam's production capacity for steel billets stood at 27 million tonnes in 2021, of which 7-8 million tonnes was hot-rolled coil. With the exceptions of only a handful of large steel mills such as the Hoa Phat-Dung Quat Iron and Steel Complex, the Hung Nghiep Formosa Iron and Steel Complex and Nghi Son Steel, the rest of the country's steel industry was made up of small mills, equipped with outdated machinery and technology.

In addition, the industry lacked the capacity to meet domestic demand, especially for alloy steel which it has not been able to produce. The only long-term solution is to ramp up investment for the construction of large-scale steel complexes to reduce reliance on imports.

The report said "For the most part, the industry is overly dependent on imports of raw materials including ore, scrap and coking coal, resulting in unstable prices. Viet Nam needs to import around 18 million tonnes of ore, 6-6.5 million tonnes of scrap and 6.5 million tonnes of coking coal in 2022.”

Data from the Viet Nam Steel Association showed that January-March 2022 quarter, Viet Nam’s finished steel consumption reached 8.2 million tonnes, up 11.9% YoY while steel exports reached about 2.3 million tonnes. However, the business performance of many enterprises in the industry did not move in the same direction with decrease in profit as the cost of raw materials and transportation fees have skyrocketed. Viet Nam Steel Corporation attributed the profit decline of many of its members to the world's economic and political volatility, especially the influence of the Russia-Ukraine conflict that had pushed up the prices of input materials in the steel industry, such as iron ore, coal, gas and increased freight costs.
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Steel Mills Replacing Russian PCI Coal

Strategic Research Institute
Published on :
16 May, 2022, 6:30 am

A new report from the Institute for Energy Economics and Financial Analysis finds that steel-making companies are exploring replacing Australia and Russia’s increasingly expensive and supply-challenged pulverized coal injection coal with green hydrogen as an early pathway to reducing emissions in the steel industry. Report author IEEFA’s energy finance analyst Simon Nicholas says “Globally, the steel industry is exploring the potential for hydrogen while facing escalating coal prices. This is presenting challenges for the future of Australia’s PCI and coking coal, particularly with opportunities for hydrogen apparent in the short term in blast furnaces and longer-term in direct reduced iron processes.”

A number of companies are already exploring the replacement of PCI coal with hydrogen:

German conglomerate Thyssenkrupp started the first industrial-scale test of PCI coal replacement with hydrogen in 2019.

Australia’s largest steelmaker BlueScope plans to replace PCI coal with coke oven gas, which contains 60% hydrogen, subsequently adding green hydrogen. The company aims to work with Australia’s Commonwealth Scientific and Industrial Research Organisation and Shell on pilot green hydrogen production projects.

BHP, having indicated hydrogen will replace PCI coal in blast furnaces, is holding onto its hard coking coal assets and has started divesting mines that produce lower-quality metallurgical coal including PCI coal.

Rio Tinto has highlighted that reducing carbon emissions from blast furnaces will require higher-grade iron ore and the replacement of PCI coal with hydrogen, echoing the view that PCI coal is facing an increasingly challenged future.

PCI coal is essentially high-quality thermal coal which can be sold into metallurgical or thermal coal markets alike. It’s injected into historically dominant blast furnaces to reduce more expensive coking coal consumption. Australian PCI coal prices peaked at USD 645 per tonne in March 2022, briefly surpassing that of premium-quality hard coking coal, PCI coal is more usually priced 20%-30% lower. Even after coming off this extreme high, PCI coal was still at a very high USD 365 per tonne in early April.
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Wuppermann Wins Best Managed Companies Award 2022

Strategic Research Institute
Published on :
17 May, 2022, 5:59 am

European galvanizing leader Wuppermann has received the Best Managed Companies Award 2022, which is presented by Deloitte Private, Credit Suisse, Frankfurter Allgemeine Zeitung and the Federation of German Industries. The award was ceremoniously received by the Executive Board of Wuppermann AG on 12 May in Düsseldorf in Germany. Wuppermann AG CEO Mr Johannes Nonn said “The award underlines that Wuppermann is on the right track. For 150 years, our medium-sized family-owned company has pursued a strategy of long-term and consistent value creation. In recent years, we have evolved from a pure steel processor to an innovation leader in corrosion protection. We also see ourselves as leaders in our industry when it comes to sustainability. By 2025, the Wuppermann Group's production process will be 100 percent CO2 neutral.”

The Best Managed Companies Award is an internationally established competition and is regarded as a seal of quality for excellently managed medium-sized companies. The award was launched in Canada in the 1990s and is now presented in more than 40 countries, including Germany since 2018.

Since its foundation in 1872, the medium-sized family business Wuppermann has developed from a steel processor to a leading innovator in corrosion protection. Wuppermann Group employs around 800 people throughout Europe at five production sites in the Netherlands, Austria, Poland and Hungary, as well as in holding and sales companies in Germany, Austria, France, Sweden and Romania. It is managed by Wuppermann AG as a holding company based in Leverkusen, which is 100 % family-owned. The product portfolio includes surface-finished flat steel products with zinc and zinc-magnesium coatings and pickled surfaces, as well as pipes, profiles and pipe components with the same surface types. Wuppermann's products are applied in a wide variety of industries: construction, furniture and automotive industries, solar & energy technology and transport.
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Saudi Steel Pipe Bags USD 37 Million Contract from Tenaris Global

Strategic Research Institute
Published on :
17 May, 2022, 6:01 am

Amam based Saudi Steel Pipe Co is awarded SAR 139 million (USD 37 million) contract from Uruguay’s Tenaris Global Services. Under the contract, SSP will supply oil, gas, and steel pipes to TGS for a period of four months.

TenarisSaudiSteelPipes is a leading manufacturer and supplier of electrically resistance welded steel pipes for the energy, industrial, and construction segments of the Middle East and North Africa. Its facilities are located in the Second Industrial City of Dammam, in addition to a commercial office in Riyadh and a service and distribution network covering more than 20 countries. TenarisSaudiSteelPipes offers oil and gas customers a full range of products including Oil Country Tubular Goods, Line pipe, API and Premium Connections and related accessories and services. It also serves customers in the industrial and construction segment with a wide range of black and galvanized pipes.

Global supplier of steel tubes Tenaris had acquired 47.8% of Saudi Steel Pipe’s shares in a USD 141 million deal in 2019.
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AIC’s KERN to Modernize Cold Strip Slitting Line in Germany

Strategic Research Institute
Published on :
17 May, 2022, 6:04 am

Automazioni Industriali Capitanio recently announced that KERN Industrie Automation was contracted to modernize the automation system of a cold strip slitting line. A special area is the new construction and the safety-related modernization of plants for cold strip processing. The German client, a producer of hardened and unhardened quality and high-grade strip steel, receives the following services, among others

Replacement of the old S5 controller with S7 technology

Modernization of the HMI system based on SIMATIC WinCC

Modernization of special sensors

New plant documentation based on EPLAN P8

For more than 28 years, KERN Industrie Automation has been supporting its customers in all aspects of industrial electrics and automation.

AIC Capitanio Tailored Automation is a global system integrator that designs, manufactures & commission turn-key plants worldwide, providing advanced and tailored automation and mechatronics solutions for the steel industry, with the aim to continuously improve efficiencies, competitiveness and safety of the production processes.
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3 Key Drivers for Reducing Steel Emissions by 30% by 2050

Strategic Research Institute
Published on :
17 May, 2022, 6:45 am

Wood Mackenzi’s recent report “Steel’s Decarbonization journey: what, when and how” provides a quick insight into three key things to know about steel’s greener future that will radically alter the supply landscape and require huge capital outlay, as well as significant technical collaboration and support from external stakeholder

1. Electric arc furnaces using zero-carbon electricity will come to dominate steelmaking - Wood Mackenzie believes that more efficient electric arc furnace technology, which is three-quarters less emission-intensive than a traditional blast furnace, will eventually dominate steelmaking. By 2050, Wood Mackenzie expects EAF production to be nearly on a par with currently dominant basic oxygen furnaces, as steelmakers gradually distance themselves from the conventional route. The transition will be uneven, however. The onus will be on mature economies including China, Europe, Japan, South Korea and the US to decarbonize quickly. China will take the lead, halving its absolute emissions over the next 30 years thanks to both lower demand and more efficient production. In contrast, India and Southeast Asia, the key drivers of future demand, will buck the trend, doubling their emissions due to a tripling of output via the heavy emitter blast furnace route.

2. Scrap will emerge as the primary metallic for steelmaking - Using scrap in an EAF with a clean power source has the potential to be a near-zero emission route. That makes scrap the most sought-after metallic, and Wood Mackenzie expects demand for scrap to increase three times faster than overall metallics demand. Quality enhancements and retrofits will also potentially increase scrap blending in blast furnaces. China will be a key consumer of scrap, lowering its dependence on hot metal in line with other major economies. However, there are limitations on the availability of scrap, as well as on quality improvements. That pivots the industry towards exploring new ways of abating emissions.

3. Hydrogen-based steel production will eventually account for 10% of global output - The use of hydrogen in steelmaking has real potential, although it is still a nascent technology and has yet to be exploited at a commercial scale. Wood Mackenzie projects that by 2050, 40% of direct reduced iron will be produced using hydrogen as reductant.EU will take the lead in terms of adoption, Sweden in particular looks likely to be a trailblazer for net zero aligned steel production with green hydrogen at its heart. ArcelorMittal and SSAB are planning to commercialize the technology in 2026-27, having already conducted successful pilot tests. That will pose challenges including the availability of DR-grade pellets, refining to eliminate hazardous impurities, and the requirement for higher capital investment. As a result, adoption is likely to be slow in cost-sensitive markets. Hydrogen also has potential for use in the BOF process as a partial replacement for the pulverized coal injection method. That is unlikely to happen on a commercial scale until the early 2040s, but once it does it should quickly gain momentum, since the technology can be retrofitted to existing blast furnaces. Wood Mackenzie expects that hydrogen-based steel production will account for 10% of the total steel output by 2050, while carbon capture, utilization and storage will help offset nearly 178 million tonne of emitted carbon.

Wood Mackenzie forecasts a 30% reduction of overall emissions, 25% at gross level and 5% offset via CCU, at the same time as steel production increases by 20%. That’s significant progress, but on this trajectory, emissions will still be around ten times higher than the level needed for a 1.5-degree global warming pathway. It is an uphill task, but progress can be accelerated through setting collective targets, increasing collaboration between governments, industry, and academia, and ensuring adherence to formidable action items.
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US Steel Capacity Utilization Stays Increases to 82% in Week 19

Strategic Research Institute
Published on :
17 May, 2022, 6:07 am

American Iron & Steel Institute announced that in the week ending on 14 May 2022, domestic raw steel production was 1.785 million net tons while the capability utilization rate was 81.8%. Production was 1.834 million net tons in the week ending 14 May 2021 while the capability utilization then was 81.0%. Last week’s production represents a 2.7% decrease from the same period in the previous year. Production for the week ending 14 May 2022 is up 0.5% from the previous week ending 7 May 2022 when production was 1,777 million net tons and the rate of capability utilization was 81.4%.

North East: 178 KNT

Great Lakes: 559 KNT

Midwest: 197 KNT

Southern: 779 KNT

Western: 72 KNT

Total: 1785 KNT

Adjusted year-to-date production through 14 May 2022 is 33.410 million net tons, at a capability utilization rate of 80.2%. That is down by 1.8% from the 34.009 million net tons during the same period last year, when the capability utilization rate was 78.7%.
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CoTec Invests in Green Steel MagIron Project in in Minnesota

Strategic Research Institute
Published on :
17 May, 2022, 6:10 am

Vancouver British Columbia Canada based CoTec Holdings Corp has entered into an agreement to acquire a 15.8% equity interest in MagIron LLC for USD 2 million. MagIron is a US based company that is in the process of acquiring a green iron ore project that it intends to refurbish and bring back into production. The investment includes terms customary for an investment of this nature, including Board representation subject to CoTec maintaining a 10% equity interest.

MagIron has entered into a purchase agreement for the acquisition of a dormant iron ore concentrator known as Plant 4 based in Grand Rapids in Minnesota and 2,483 acres of land in the Itasca and St Louis Counties, Minnesota that contains fine and coarse iron ore tailings. MagIron will also lease a further 1,700 acres of land which houses Plant 4 and facilitates access to additional iron ore fines and tailings. This waste material from historical mining operations nearby Plant 4 can be used as feedstock for Plant 4 and could potentially support an estimated 15-year business plan. MagIron is acquiring Plant 4 from the Chapter 7 Trustee for ERP Iron Ore LLC

CoTec understands that MagIron intends to restart the operations at Plant 4 following completion of a refurbishment program, which is currently anticipated to take approximately 24 months and cost approximately US$80 million. MagIron's ability to complete the refurbishment program and restart operations at Plant 4 will be subject, among other things, on its ability to secure additional funding sufficient to fund the refurbishment program and the restart.

CoTec is an ESG-focused company investing in innovative technologies that have the potential to fundamentally change the way metals and minerals can be extracted and processed.
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Ship Breaking Enters Down & Dire Phase

Strategic Research Institute
Published on :
17 May, 2022, 6:12 am

World's leading cash buyer of ships for recycling GMS said that “It has been a woeful week across all of the major ship recycling markets, with some tumultuous declines leading to minimal interest and offers on any available tonnage. It increasingly seems as though it may be a much softer summer given prevailing sentiments, especially as prices ease back towards the still impressive USD 650s/LDT mark. Most of the deals concluded at USD 700/LDT or above were always seen as precariously positioned, and it remains to be seen whether End Buyers will be happy to dip back into the buying at these comparatively lower levels, given the global state of depreciating currencies and declining steel fundamentals.”

GMS said “The currencies in Pakistan, India, and even Turkey, remain much cause for concern to those domestic markets, especially as they continue to gradually trudge towards or have already passed record highs against the US Dollar.”

GMS also said “Steel plate prices have also suffered severely in Turkey & India with India down by almost USD 45/LDT over the course of the last couple of weeks and Turkey down by about USD 120/Ton, as these markets continue their beleaguered run week after week, leaving End Buyers at these locations extremely reticent to offer on fresh tonnage.”

GMS added “Turkey remains the worst placed with a USD 90/MT plummet in levels post-Eid. Even ex-market leaders Bangladesh remain on the sidelines post-Eid and there is little hope of receiving any serious offers any time soon from either market that appear down and out. In keeping with global stock markets this past week, all major global recycling markets remain decidedly nervy and seem only to be heading down.”

GMS Pricing - India/Bangladesh/Pakistan – Week 19

Dry Bulk – USD 620-640 per LDT

Tankers - USD 630-650 per LDT

Containers - USD 640-660 per LDT
voda
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US Sets Zero AD Duty on Dillinger Cut to Length Plates

Strategic Research Institute
Published on :
17 May, 2022, 6:15 am

The US Department of Commerce has announced the final results of its administrative review of the antidumping duty order on certain carbon and alloy steel cut-to-length plate from Germany for the period between 1 May 1 and 30 April 2021. US DOC has determined that German producer AG der Dillinger Huttenwerke did not make sales of the subject product at less than normal value during the period of review. The DOC has determined a weighted-average dumping margin of zero for the company in line with the preliminary results.

The products covered by the order are certain carbon and alloy steel hot-rolled or forged flat plate products not in coils, whether or not painted, varnished, or coated with plastics or other non-metallic substances from Germany.

Products subject to the order are currently classified in the Harmonized Tariff Schedule of the United States under item numbers: 7208.40.3030, 7208.40.3060, 7208.51.0030, 7208.51.0045, 7208.51.0060, 7208.52.0000, 7211.13.0000, 7211.14.0030, 7211.14.0045, 7225.40.1110, 7225.40.1180, 7225.40.3005, 7225.40.3050, 7226.20.0000, and 7226.91.5000.
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