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1. voda 2 juni 2022 07:08

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   Volvo Cars Joins SteelZero Commiting to 100% Green Steel by 2050
   
   Strategic Research Institute
   Published on :
   02 Jun, 2022, 6:42 am
   
   Climate change poses a very real threat to planet and all the beings living on its surface. Gothenburg headquartered 107 year old Swedish multinational Manufacturing Corporation Volvo’s Volvo Cars understands and recognises that it is part of the problem & also can and will be part of the solution. Volvo Cars has become the first car maker ever to join the SteelZero initiative, which aims to increase demand for fossil-free steel and accelerate a transition to carbon neutrality in the steel industry. Signing up means Volvo Cars commits to stringent CO2-based steel procurement targets, by 2030. By 2050, all the steel Volvo Car sources should be net-zero.
   
   SteelZero was launched by ResponsibleSteel, a steel industry-wide standard and certification body that Volvo Cars is joining. Volvo Cars will gain access to reliable, third-party verified and audited information about steel supply chain and relevant sustainability credentials, all of which will help Volvo Cars ensure that the steel in Volvo Cars is responsibly sourced. As well as CO2 reductions, ResponsibleSteel also focuses on other important issues in the steel supply chain like labour and human rights, engagement with local communities, water use and biodiversity impact.
   
   SteelZero signing is not Volvo Car’s only initiative to address one of car making’s most intensive sources of CO2 emissions. Only last year, Volvo Car’s announced a collaboration with Swedish steel maker SSAB to jointly explore the development of fossil-free, high-quality steel for use in the automotive industry.
   
   Volvo Car’s action plan for fighting climate change is already one of the most ambitious in the auto industry. Volvo Car aims to be climate neutral by 2040 and a fully electric car maker by 2030.
   
   US based The Climate Group’s SteelZero initiative is aiming to bring together leading organisations to speed up the transition to a net zero steel industry. Organisations that join SteelZero make a public commitment to procure 100% net zero steel by 2050. By harnessing their collective purchasing power and influence, SteelZero is sending a strong demand signal to shift global markets and policies towards responsible production and sourcing of steel. The member companies include
   
   AP Moller Maersk
   
   Barrett Steel Limited
   
   BHC
   
   B+M Steel
   
   Bourne Group
   
   Eiffage Métal France
   
   Grosvenor Property UK
   
   Iberdrola
   
   Landsec
   
   Lendlease
   
   Mace Group
   
   Morrow + Lorraine
   
   Multiplex Construction Europe
   
   Ørsted
   
   Severfield plc
   
   Siemens Gamesa
   
   Smulders
   
   Skanska UK
   
   SKF
   
   Vattenfall BA Wind
   
   Volvo Cars
   
   William Hare
   
   WSP UK
2. voda 2 juni 2022 07:09

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   Spain Pledges Support for ArcelorMittal’s Decarbonisation Plan
   
   Strategic Research Institute
   Published on :
   02 Jun, 2022, 6:45 am
   
   ArcelorMittal and the government of Spain have signed an agreement at World Economic Forum in Davos in which the Spanish government has pledged its financial support for the decarbonisation of the company’s steelmaking sites in Asturias and in Sestao in the Basque Country. The funding, which is part of the Spansh government’s Recovery and Resilience Plan, will support the construction of an electric arc furnace and DRI plant in Gijón, which are crucial to the company’s CO2 emissions reduction goals in Europe. The implementation of this project represents the first step of the company’s decarbonisation journey in Asturias. ArcelorMittal CEO Mr Aditya Mittal said “We were proud to announce last year, our EUR1bn plan to build a 2.3 million-tonne green hydrogen direct reduced iron unit, complemented by a 1.1 million-tonne hybrid electric arc furnace in Gijón, which in turn will enable ArcelorMittal Sestao to be the world’s first full-scale zero carbon-emissions steel plant. The agreement we have signed with the government of Spain this week is the next step in our decarbonisation journey in Spain, and provides some of the funding certainty we need to move to the next phase of this project.”
   
   Thanks to the demand for green hydrogen generated by the project, the Gijón DRI project will become an enabler of new projects associated with the green hydrogen production value chain. ArcelorMittal announced in February this year that it is an anchor sponsor of Hydeal Espana, a consortium which will manage the development, funding and construction of renewable hydrogen production and transmission infrastructure. These complementary projects are expected to have a significant impact on the generation of new economic activity and job creation in Asturias.
   
   In order to implement the described transformation of the site in Asturias, an application has been submitted under the EU’s CEEAG framework, and is awaiting approval from the European Commission before the project can proceed.
3. voda 2 juni 2022 07:10

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   EU Extends Steel Quotas with Few Changes
   
   Strategic Research Institute
   Published on :
   02 Jun, 2022, 6:49 am
   
   The European Commission, after concluding that the replacement of the US Section 232 measures with tariff rate quotas has not had any effect on the EU safeguard measure which would require an adjustment, has announced the extension of the EU’s safeguard measures encompassing 26 steel product categories until 30 June 2024 and has decided to increase the level of the tariff-rate quotas for all product categories by 4% for the period 1 July 2022 to 30 June 2023 and 1 July 2023 to 30 June 2024.
   
   Other countries' quota for hot-rolled coil has been reduced by 200,000 tonnes per quarter and stands at 900,000 tonnes for July-September 2022 quarter. Similarly the quota for April-June 2023 has gone down to 890,500 tonnes from 1.15 million tonne previously. The quotas for October 2022-April 2023 have also been reduced by similar amounts, as have the ones running until end of June 2024.
   
   Egypt is no longer being exempt from the quotas for HRC and HDG 4A, and is now importing under the ‘other countries' allocation. Similarly, Vietnam and Ukraine have been added to the list of countries for which the quotas apply. China and Vietnam are no longer subject to the measures for cold-rolled coils. But there are duties on Chinese CRC, which should keep imports at bay.
   
   The commission has also decided to include Vietnam, which was exempted from the safeguard measures, in the other countries' quota for hot dip galvanized, ) imports falling under the 4A product category from any origin will be subject to the quotas and 25pc duty on top of any volumes imported outside of the allocation effective from 1 July 2022. However, the quota volume will not be changed, except for the 4% increase in general. Therefore, suppliers under the other countries such as Turkey will be competing with Vietnam in terms of the volumes to the EU. Vietnamese HDG imports have jumped to nearly 1 million tonnes in 2021, from only about 70,000 tonnes in 2020. In January-March quarter of 2022, volumes from Vietnam are at almost 350,000 tonnes.
   
   But market participants expressed almost the same sentiment today, saying the changes were not enough to strengthen market dynamics, especially at a time when demand is very sluggish, with some estimating end-user consumption from certain sectors in Europe to be down by 30pc. Some pointed towards the underutilisation of the latest quotas, especially for Indian HRC, as an indicator that the safeguards were not impactful in a declining market.
4. voda 2 juni 2022 07:11

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   Ryerson Acquires Ford Tool Steel
   
   Strategic Research Institute
   Published on :
   02 Jun, 2022, 6:54 am
   
   Chicago US headquartered leading processor & distributor of industrial metals Ryerson Holding Corporation has announced its acquisition of Ford Tool Steels, a tool steel processor based out of St Louis in Missouri. Ford Tool Steels has been in business for over 75 years, serving customers across the Midwest United States with tool steel and alloys, as well as cut-to-length sawing, plate sawing, and grinding and milling services.
   
   Ford Tool Steels's sawing and machining capabilities are aligned with those of Southern Tool Steel, a member of the Ryerson Family of Companies acquired in 2015. This strategic acquisition presents an opportunity to recognize synergies between the two brands as Ryerson expands its tool steel franchise.
   
   Ryerson is a leading value-added processor and distributor of industrial metals, with operations in the United States, Canada, Mexico, and China. Founded in 1842, Ryerson has around 4,000 employees in approximately 100 locations.
5. voda 2 juni 2022 07:23

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   South32 Urges Greens to Spare Coking Coal from Mine Expansion Ban
   
   Strategic Research Institute
   Published on :
   02 Jun, 2022, 6:30 am
   
   AFR reported that South32 Chief Executive Mr Graham Kerr says that mines that produce coking coal for steelmaking should not be dragged into any potential bans that federal parliamentarians impose on coal mines in Australia. Mr Kerr said “Politicians needed to appreciate that coking coal has an important role to play in making steel for construction and infrastructure, including clean energy infrastructure. I would hope they would take a more pragmatic view on how you look at metallurgical coal because today there is no substitute. For thermal coal today there are substitutions, you can get renewables, you can use other power sources. I think when it comes to metallurgical coal you need it to make steel. Ultimately green steel will come via hydrogen, and that is probably 20 years away.”
   
   For 85 years, Illawarra Metallurgical Coal has produced high-quality metallurgical coal used for steelmaking, which is shipped around Australia and around the world. South32’s Dendrobium Mine in the Illawarra region of New South Wales is an existing underground mine, primarily producing metallurgical coal for steelmaking. South32 is seeking federal and NSW government approval to spend AUD 853 million on extending the life of its Dendrobium coking coal mine in the Illawarra region. While Dendrobium would extend the life of an existing mine, an entirely new mine would come into production if South32 and its Chinese partner Baowu went ahead with development of the Eagle Downs coking coal mine in Queensland.
   
   Greens leader Adam Bandt told The Australian Financial Review that his party’s opposition to new coal and gas projects included the expansion of existing mines and was not just limited to those opening up new mining provinces as Adani has done in Queensland’s Galilee Basin.
6. voda 3 juni 2022 06:48

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   World Stainless Association Awards Acerinox Group for 4 Projects
   
   Strategic Research Institute
   Published on :
   03 Jun, 2022, 6:21 am
   
   The World Stainless Association, formerly known as ISSF, has conferred 4 awards to leading Spanish stainless steel maker Acerinox for its projects in its 26th International Stainless Steel Forum hosted by World Stainless Association ceremony, which distinguishes good practices and innovative ideas in areas such as Market Development, Safety and Sustainability. Acerinox was awarded the gold and the bronze prize in the market development category, in which the jury was looking for highly original concepts that promote bespoke stainless grades, have a significant global market potential and offer strong environmental improvements.
   
   The Gold award was for the ‘Vertical Farming’ concept. The aim of this project is to grow crops anywhere in the world regardless of external climatic conditions. Vertical farming turns agriculture into an industrial process in which constant costs, production and quality are achieved.
   
   The Bronze award was given to North American Stainless for a project concerning stainless steel bollards that extends the life cycle and reduces the costs thereof, thanks to the selection of materials that reduces corrosion and the maintenance needed.
   
   Acerinox Europa was granted the bronze award for the implementation of an automatic extraction system of lubrication grease from the damping system of the AOD converter movements, and thus avoiding the risks arising from manual operation.
   
   Acerinox Europa plant in Campo de Gibraltar won silver for the programme to reduce energy consumption in non-productive periods through innovative stoppage protocols. The plan is based on 21 procedures implemented in the organisation's management system, which are audited annually in the context of ISO 50001.
   
   As reported earlier, South Korean steel giant POSCO has also won the Gold Award in the technology category. The technology that won the Gold Award this time was the high-performance ferrite stainless steel 430RE, Ridging Endurance, manufacturing technology. As the technology was selected as the best case of stainless-related technology development this year, POSCO’s technological skill was recognized worldwide.
   
   Representative organization of the world’s stainless steel industry International Stainless Steel Forum, which was established in 1996, name was changed to World Stainless Association at this conference. Since 2015, the World Stainless Association has selected the best practices every year in four areas to recognize development efforts of member companies and to inspire new idea proposals.
   
   1. Market Development
   
   2. Technology
   
   3. Safety
   
   4. Sustainability
7. voda 3 juni 2022 06:49

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   Nippon Steel Offring 30 Year Warranty for ZEXEED Steel Sheets
   
   Strategic Research Institute
   Published on :
   03 Jun, 2022, 6:24 am
   
   Japanese steel giant Nippon Steel has begun offering a 30-year service life warranty program for ZEXEED, the company's high corrosion resistant coated steel, in relation to perforation caused by corrosion in products that satisfy certain requirements. ZEXEED, released in October 2021, is a coated steel sheet with superior corrosion resistance that far exceeds that of post-plating, which is commonly used in the civil engineering and social infrastructure sectors. It also exceeds that of Nippon Steel's conventional high corrosion resistant coated steel sheets and hot-dip galvanized steel. Tests conducted by Nippon Steel, using flat portions and the same plating amount, confirmed that ZEXEED's corrosion resistance is about twice as high as that of conventional high corrosion resistance steel and about 10 times higher than that of hot-dip galvanized steel.
   
   Nippon Steel will launch the Warranty Program in June 2022 for products with coating adhesion of 300 GSM on both sides, based on the company’s conclusion that it is able to offer such a warranty for ZEXEED, even if it is used in harsh environments classified as C5 under the corrosivity classification system of ISO 9223, as long as certain requirements are met. The warranty applies only to perforation caused by corrosion, cases where perforation that penetrates products attributable to their properties and corrosion occurs in normal external environments. The warranty is subject to various other conditions set forth separately. The warranty does not necessarily apply to all ZEXEED products. The Warranty Program applies only to ZEXEED products specified under warranty agreements executed between Nippon Steel and trading companies designated by Nippon Steel and only Target Products that satisfy the requirements stipulated in the Warranty Agreements are subject to the warranty described herein.
   
   Nippon Steel is currently receiving many inquiries about ZEXEED from customers interested in using it for their international photovoltaic projects. In order to achieve carbon offsetting by 2050, many countries are accelerating their transitions to renewable energies, rapidly increasing the number of photovoltaic projects in particular. However, available areas with suitable mild natural environments for solar panel installation are becoming rare, and as a result such installations are being made increasingly in harsher corrosive environments, such as coastal areas. Due to this, there is a growing need for high corrosion resistant coated steel sheets with a guaranteed service lifespan that is equivalent to the lifespan of solar panels of approximately 25 years as a material for solar panel mounts to be installed in harsh corrosive environments in photovoltaic projects.
   
   Nippon Steel will continuously work to extend service life of infrastructure and promote renewable energies in harsh environments by delivering ZEXEED™ to a wide range of customers.
8. voda 3 juni 2022 06:50

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   Ansteel Drops Plans to Sell Stake to Liaoning Fangda
   
   Strategic Research Institute
   Published on :
   03 Jun, 2022, 6:27 am
   
   Chinese steel producer Anyang Iron & Steel Group has scrapped a plan to sell an 80% stake through a public listing. Liaoning Fangda Group in March offered to acquire a stake in the Anyang Iron and Steel Co Ltd for at least CNY 11 billion yuan (USD 1.64 billion) and had submitted an application for the purchase and a deposit to the Henan Zhongyuan Property Rights Exchange. However, the two parties failed to reach agreement on terms of the mixed-ownership reform in the stipulated time and company’s owner, the state-assets regulator in Henan province, had approved the scrapping of the public transfer
   
   Privately-owned Chinese firm Liaoning Fangda Group’s unit has offered to buy an 80% stake in state-backed Anyang Iron & Steel Group. Jiangxi Fangda Steel Group Co Ltd has submitted an application and deposit to the Henan Zhongyuan Property Rights Exchange, as part of its offer of at least CNY 11 billion yuan (USD 1.73 billion) for the 80% stake
   
   Angang Group was founded in 1958 which was a small iron and steel works with the original design capacity of 100,000 tonnes steel per year. After more than 50 years’ development, Angang has become a modernized steel group in mining and mineral refining, coking and sintering, steel smelting, rolling and machining, metallurgical construction, research and development, information technology, logistics service, international trade and the biggest iron and steel production base in Henan province with an annual production capacity around 10 million tonnes as well as an annual sales revenue over CNY 500 billion.
   
   Anyang Group has been planning ownership reform after China called for further consolidation of its mammoth ferrous sector. It signed a letter of intent with Jiangsu-based private steelmaker Shagang Group in May 2021, before the local government decided on a public listing of its 80% stake last November.
   
   Jiangxi Fangda, which also owns Shanghai-listed Fangda Special Steel, has capacity to make around 20 million tonnes of steel products per year.
9. voda 3 juni 2022 06:53

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   Macsteel Breaks World Record for Roofing Solution
   
   Strategic Research Institute
   Published on :
   03 Jun, 2022, 6:30 am
   
   Boksburg Advertizer reported that South Africa’s leading steel distributor Macsteel, in partnership with Tate&Nicholson, Fortress, Pick n Pay and WBHO has announced that they will attempt to break the Guinness World record for the longest roof span covered by a single metal corrugated sheet. Macsteel’s roofing unit roll-formed the sheets spanning the width of 280 meters, across the widest part of the roof covering the new Pick ‘n Pay flagship distribution centre in Kempton Park. The attempt to break the world record was completed on 25 May & has been sent to the Guinness World Records for verification, and the company received confirmation of the world record on 30 May. Macsteel used their South African roofing product Novotexi 440, roll-formed on site, while using their industry-leading Sky Forming process.
   
   Macsteel Roofing’s National Product Specialist Mr David Reid said “The width of the longest sheet to be ever rolled in the world was 200m, while Macsteel’s sheet width is 280m. That is the reason the management team decided to apply to enter the Guinness World Records. It would know next week if it has broken the record. The biggest challenge for the project was that after November last year, the country had unprecedented rain for about three months that challenged us because you can't roll form these sheets when it is raining and you can't install. Another challenge was catching up with the programme that was almost delayed due to the rain. We have caught up though.”
   
   The pioneering technology which enabled Macsteel to achieve this feat is their innovative roofing product NOVOTEXI 440, roll-formed on-site, using their industry-leading Sky Forming process. NOVOTEXI 440 was developed by Macsteel to resist high winds on large-scale roofing and to meet the challenges engineers face in providing solutions for extreme weather conditions caused by climate change. Sky Forming is a unique solution, streamlining the roofing of mega-build projects. As the name suggests, it is a ground-breaking process where the roll-forming container producing the NOVOTEXI 440 sheet, is lifted to the roof level to seamlessly apply the product at height and speed. The Sky Forming process, developed to meet the safety requirements of the Department of Labour, enables Macsteel to offer a differentiated service to stakeholders in the construction sector.
10. voda 3 juni 2022 06:53

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    Vina Roma Quang Tri Steel to Build Quang Tri Iron & Steel Complex
    
    Strategic Research Institute
    Published on :
    03 Jun, 2022, 6:33 am
    
    Vietnamese Vina Roma Quang Tri Steel plans to build a new steel plant in southeast province of Quang Tri with the total investments of VND 47 trillion (USD 2.01 billion Quang Tri Iron and Steel Complex will cover an area of just over 460 hectares in Quang Tri Southeast Economic Zone. The construction of the plant, which will have an annual production capacity of 4.5 million tonnes of plate, construction steel and sections, is scheduled to take five years. The construction will be implemented in 3 phases
    
    1. USD 650 million for 1.1 million tonnes per year of construction steel
    
    2. USD 390 million for 1.1 million tonnes per year of section steel
    
    3. USD 1 billion for 2.3 million tonnes per year of hot rolled sheet
    
    According to the Quang Tri, on 27 May, 2022, Chairman of the Provincial People’s Committee Mr Vo Van Hung chaired a meeting to listen to Vina Roma Quang Tri Steel Joint Stock Company report. According to the investor’s proposal, after surveying and researching in the Southeast Quang Tri Economic Zone, the unit proposed to invest in the Quang Tri Iron and Steel Complex project with the goal of producing construction steel, section steel and hot rolled steel plate with modern European technology. After listening to the investor’s report on the project proposal, opinions of leaders of relevant departments and localities, Mr Vo Van Hung agreed to the policy and assigned the Office of the Provincial People’s Committee to include the above content in plenary meeting of the Provincial People’s Committee to seek opinions. Along with that, Mr Vo Van Hung assigned the Economic Zone Management Board to assist investors in completing the next procedures. On the side of investors and consulting units, it is necessary to closely coordinate with sectors to implement relevant procedures in supplementing planning and other investment components.
    
    Vina Roma Quang Tri Steel Company was newly registered on 13 November 2021 with the legal representative of Mr Nguyen Quy Chien. Mr Chien is also the legal representative of many other businesses operating in the energy sector.
    
    Located in the North Central Coast region of Vietnam, Qu?ng Tr? province is surrounded by Qu?ng Bình province to the north; Th?a Thiên-Hu? province to the south; Savannakhet Province, in Laos, to the west; and the South Bi?n Ðông Sea to the east, with 75 kilometres of coast. Except for the narrow piedmont coastal plains, the terrain is dominated by hills and the Annamite Mountains. Upon the division of Vietnam in 1954 into North and South, Qu?ng Tr? became the northernmost province of the Republic of Vietnam. The Vietnamese Demilitarized Zone lay in the province. Beginning 1964, the province gradually became a center for American bases, particularly after October 1966, when the 3rd Marine Division moved to bases just south of the demilitarized zone. In 1966, North Vietnamese forces also began occupying the northern region and pushing deeper into the province. The provincial capital, Qu?ng Tr? City, was overrun and occupied briefly by Communist troops in April 1967, and was a principal battleground during the 1968 Tet Offensive when it was again overrun by North Vietnamese troops and held for a short period before being recaptured by South Vietnamese government and US forces. The Battle of Khe Sanh in 1968 was a part of the North's steady efforts to occupy the whole of the province. After Khe Sanh was evacuated in July 1968, the North Vietnamese continued their efforts to take the entire province. The most notable achievement of the North Vietnamese offensive in 1972 was capturing Qu?ng Tr?, although they lost much of the territory gained during the South Vietnamese counter-offensive from June through September 1972.
11. voda 3 juni 2022 06:54

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    POSCO to Accelerate Hydrogen, Green Steel & Battery Agenda
    
    Strategic Research Institute
    Published on :
    03 Jun, 2022, 6:43 am
    
    Korea Times reported that South Korean POSCO Group will accelerate its investments in hydrogen and rechargeable batteries, coupled with continued efforts to develop new technologies as a part of steel giant's move to transform itself into a green energy business, a survival strategy pivoting from decades of a carbon-heavy business model to reinvent itself as a leading eco-friendly sustainable market player. The new growth vision was outlined during a meeting of 20 key executives. POSCO Group Chairman Mr Choi Jeong-woo said “The future of POSCO will be carried by strengthening the manufacturing of steel that does not emit greenhouse gases, alongside rechargeable battery materials and hydrogen. We must continue to strive to become the global top leader in the industry.”
    
    Mr Choi added “Carbon neutrality will determine not only the success or failure of our firm but the future course of steel businesses around the world. We should continue making investments in human resources and take a technological leap for the future.”
    
    The gathering shared opinions on the status quo of venture investments and ways to improve industry-academic cooperation in the fields
    
    1. Smart technologies and the development of an online platform mediated by artificial intelligence
    
    2. Green materials and green steel
    
    3. AI platform technologies needed were metrics to estimate the prices of raw input materials for small POSCO partner firms that buy the key materials for steelmaking
    
    4. Ways to bolster productivity in research and development and create a safer working environment for on-site employees
    
    5. Strategic technologies needed for developing and diversifying input materials for rechargeable batteries, as well as sustainable integrated use of hydrogen and ammonia, two other green materials
    
    POSCO had announced that by 2026 it will invest KRW 53 trillion (USD 43 billion) in total, including KRW 33 trillion (USD 27 billion) in South Korea and KRW 20 trillion (USD 16 billion) in overseas markets, in order to strengthen competitiveness in core business fields. According to the announcement, within the scope of domestic investment, KRW 20 trillion will be invested in laying the foundation for eco-friendly steel production. POSCO aims to secure its competitiveness by investing in new electric furnaces for conversion to an eco-friendly production system, the introduction of eco-friendly facilities, and technology for steel products for electric vehicle motors. In the business area, it plans to invest about KRW 5.3 trillion in securing stable raw materials, expanding facilities, and securing next-generation technologies. Also, KRW 5 trillion will be invested in eco-friendly infrastructure and KRW 2.7 trillion in ventures and securing new technologies.
12. voda 3 juni 2022 07:59

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    Chinese HRC soars post lockdown, export demand drags
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    The post-Covid-lockdown reopening of Shanghai and improvement in confidence brought about by stimulus policies have stimulated a significant rebound in domestic hot rolled coil futures and spot prices. However, low demand weighed on prices in export markets and transactions were sluggish this week, Kallanish notes.
    
    In Shanghai on Thursday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 4,940-4,970/tonne ($740-745/t), up CNY 225/t week-on-week. On the Shanghai Futures Exchange, meanwhile, the most-traded, October 2022 contract for HRC gained CNY 63/t from Wednesday and CNY 181/t versus last Friday to CNY 4,879/t.
    
    For the rest of the year, purchase tax reduction policies are forecasted by the China Association of Automobile Manufacturers to boost annual car sales by 2 million units. This equates to 9.34% of China’s passenger car sales in 2021. This has raised market expectations for a June recovery and for a longer-term rebound in HRC sales.
    
    Pre-Dragon Boat Festival holiday purchases also partially helped overall HRC inventory to fall again. Inventories fell by 1.7% on-week to 3.7 million tonnes. Social and mill inventories were down 0.96% and 3.55% respectively to 2.64mt and 1.05mt, SMM data show.
    
    Prices dragged in export markets, however, due to stagnant demand. Quotes for July-shipment SAE 1006 HRC vary between $775/t and $800/t cfr Vietnam.
    
    Indian offers at similar levels were also competing with Chinese sellers in a limited market. A deal for Indian-origin SAE 1006 HRC was concluded at $748/t cfr Ho Chi Ming City this week (see Kallanish 2 June). “I could accept the price as long as the customer buys 30,000 tonnes too,” an exporter in Tangshan tells Kallanish.
    
    Kallanish assessed 2mm SAE 1006 HRC at $730-740/t fob China on 2 June, down $10/t from last Friday.
    
    However, Chinese exporters may retreat if the domestic market rally extends for a long period and Indian mills insist on competing in overseas markets with low prices, under pressure from export duties.
    
    Kallanish Asia
13. voda 6 juni 2022 07:09

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    Stainless Steel Giants Aperam & Acerinox Toying Up Tie Up - Report
    
    Strategic Research Institute
    Published on :
    03 Jun, 2022, 6:53 am
    
    Bloomberg, citing people familiar with the matter, reported that global stainless steel giant Aperam SA, spun off from ArcelorMittal, is considering a combination with Spanish rival Acerinox SA. Sources said “The companies are working with advisers as they explore a potential deal. Any combination would require the backing of the Mittal family, which controls about 40% of Aperam, as well as Spain’s March family, which is the biggest shareholder in Acerinox with 18% through an investment vehicle. No final decisions have been made and talks could still fall apart.”
    
    Acerinox is a stainless steel manufacturing conglomerate group based in Spain. The company was founded in 1970, and initially received technical support from the Japanese firm Nisshin Steel. Nisshin continues to hold approximately 15% of Acerinox as of April 2010 according to Wikipedia. Acerinox has several facilities in Spain, Europe, South Africa, Malaysia, US, Argentina & Chile. Its revenue increased by more than 44% to EUR 6,706 million in 2021 with EBITDA totaling EUR 989 million. Acerinox’s melting shop production amounted to 2.6 million tonnes, exceeding that of 2020 by 19% and setting a new all-time record.
    
    Aperam is a company, listed on the Amsterdam, Brussels, Paris, Madrid and Luxembourg stock exchanges and with facilities in Brazil, Belgium and France, which concentrates on the production of stainless steel and speciality steel. It was spun out of ArcelorMittal at the start of 2011. The Brazilian facility uses charcoal from a series of eucalyptus forests owned and managed by the group rather than coking coal to reduce the material; the European facilities use electric-arc furnaces fed with scrap. The use of charcoal reduces the CO2 footprint of the facility. Its steel shipments totaled 1.819 million tonnes in 2021 with EBITDA of EUR 1,186 million.
14. voda 6 juni 2022 07:09

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    SEC Charges Tenaris for Violating Foreign Corrupt Practices Act
    
    Strategic Research Institute
    Published on :
    03 Jun, 2022, 6:55 am
    
    US’s Securities & Exchange Commission announced that Luxembourg based global manufacturer and supplier of steel pipe products Tenaris will pay more than USD 78 million to resolve charges that it violated the Foreign Corrupt Practices Act in connection with a bribery scheme involving its Brazilian subsidiary. According to the SEC’s order, the resolution with Tenaris is the result of an alleged bribe scheme involving agents and employees of its Brazilian subsidiary to obtain and retain business from Brazilian state-owned energy company Petróleo Brasileiro for the benefit of Tenaris’s Brazilian subsidiary Confab Industrial. Specifically, the order finds that between 2008 and 2013, approximately USD 10.4 million in bribes was paid to a Brazilian government official in connection with the bidding process at Petrobras. The bribes were funded on behalf of Tenaris Brazilian subsidiary by companies affiliated with Tenaris controlling shareholder.
    
    Tenaris consented to the SEC’s order without admitting or denying the findings that it violated the anti-bribery, books and records, and internal accounting controls provisions of the Securities Exchange Act of 1934 and agreed to pay more than $78 million in combined disgorgement, prejudgment interest, and civil penalties. The company also agreed to comply with undertakings for a two-year period related to its ongoing remedial efforts.
    
    Tenaris had voluntarily notified the SEC and DOJ of this matter in 2016 and believes the resolution with the SEC is in the best interest of the Company and its stakeholders. The Company cooperated fully with investigators
    
    This is not the first time Tenaris has been involved in a corruption scheme. In 2011, the company entered into a Non-Prosecution Agreement with the Department of Justice and a Deferred Prosecution Agreement with the SEC as a result of alleged bribes the company paid to obtain business from a state-owned entity in Uzbekistan.
    
    Tenaris separately announced that it was advised last week that the Milan court of first instance overseeing an investigation in Italy into allegedly improper payments made in Brazil prior to 2014 for the supposed benefit of Confab Industrial, a Brazilian subsidiary of the Company, dismissed for lack of jurisdiction the case brought by the public prosecutor against each of Tenaris’s Chairman and Chief Executive Officer Mr Paolo Rocca and Board members Mr Gianfelice Rocca & Mr Roberto Bonatti and the Company’s controlling shareholder, San Faustin. The court stated that the criminal proceeding should not even have been initiated. The public prosecutor may appeal the decision.
15. voda 6 juni 2022 07:10

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    New US Sanction List Includes Russian Severstal’s Mr Mordashov
    
    Strategic Research Institute
    Published on :
    03 Jun, 2022, 6:57 am
    
    US administration has announced a new round of sanctions targeting Russian political and business elites, in an effort to further punish Russia for its military operation in Ukraine. Aimed at further limiting the Russian military's ability to obtain technologies and other items needed for sustaining its military operation, the Department of Commerce will add 71 Russia & and Belarus-based entities to the Entity List, effectively cutting them off from obtaining US origin items or foreign made products derived from certain US technology or software. Department of the Treasury will impose sanctions on
    
    1. Mr Alexey Mordashov, whose family members and companies are also being sanctioned, has ties to one of Russia's leading domestic steel producer Severstal
    
    2. Mr Sergei Pavlovich Roldugin, a Russian cellist & businessman based in St Petersburg, & his family members, a close associate of Russian President Mr Vladimir Putin and a money manager of Mr Putin's offshore wealth
    
    3. Monaco based Imperial Yachts CEO Mr Evgeniy Kochman, which provides services to Mr Putin's inner circle. The US Treasury Department has identified two vessels, the Russian-flagged Graceful and the Cayman islands-flagged Olympia as property in which Putin has an interest
    
    4. United Aircraft Corporation, a Russian state-owned company that supports the country's defense industry, Director General Mr Yuri Slusar
    
    5. Ministry of Foreign Affairs of the Russian Federation’s Information & Press Department Dirctor Ms Maria Vladimirovna Zakharova
    
    6. Russia’s largest commercial estate holding f Kievskaya Square Chairman Mr God Semenovich Nisanov
16. voda 6 juni 2022 07:10

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    Salzgitter & LKAB Forge Technical Pact for Green Steel
    
    Strategic Research Institute
    Published on :
    06 Jun, 2022, 6:25 am
    
    The Swedish mining group LKAB and German steel maker Salzgitter AG have agreed to cooperate on the decarbonization of the steel industry and have therefore forged a technical cooperation agreement. Both sides perceive the agreement as an important step for the expansion and further development of the decades-long partnership. Both companies are committed to issues for low-carbon steel production and the respective raw materials lay the foundation for achieving their sustainability targets as well as those of their customers.
    
    LKAB produces about 80% of the iron ore mined in the EU and provides both blast furnace and direct reduction-based steel companies with high-quality, low-carbon iron ore pellets and fines. It has already started to transition its production of iron ore to carbon-free HBI & DRI, a strategy aimed at enabling annual emissions savings of more than 40 million tonnes of CO2 in the steel industry before 2050.
    
    Very high quality iron ore pellets are required for the new steelmaking process via SALCOS involving direct reduction plants and electric arc furnaces. The planned technical cooperation entails the companies examining which prerequisites need to be created to achieve this and evaluating the potential development of iron-ore-based raw materials for the future steelmaking process route.
17. voda 6 juni 2022 07:16

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    Harsco Celebrates World Environment Day on 5 June 2022
    
    Strategic Research Institute
    Published on :
    06 Jun, 2022, 5:45 am
    
    Camp Hill Pennsylvania US headquartered global leader for environmental solutions for industrial & specialty waste streams Harsco Corporation, in recognition of World Environment Day, announced its continued commitment to improving sustainability & protecting environment through beneficial reuse on 5 June 2022. Harsco Corporation Chairman & CEO Mr Nick Grasberger said “Our corporate vision is to be a global leader of environmental solutions by solving today’s biggest waste challenges. The accomplishments of Clean Earth and Harsco Environmental further support our pursuit of this goal every day and our path towards providing customers with more sustainable solutions, giving purpose to Harsco’s present and defining our future.”
    
    The launch of SteelPhalt’s carbon-negative asphalt products, a part of Harsco Corporation’s Harsco Environmental division, exemplifies Harsco Corporation’s commitment to environmental solutions in 2022. SteelPhalt’s asphalt products use 95% recycled steel slag along with bitumen. Conventional asphalt products use bitumen, an oil-based product with a significant carbon footprint, to bind the asphalt. However, the business recently launched a new product that is carbon negative. Called SteelSurf ECO+, the new product uses Kraft lignin-based Lineo, which is a renewable bio-based substance, to replace a portion of bitumen as the product’s binder. Lignin comes from trees and is supplied by GautamZenUK in collaboration with Stora Enso.
    
    SteelSurfECO+ is also produced at reduced mixing temperatures compared to traditional asphalt. This reduced mixing temperature means that the amount of energy required to manufacture the product is lower. Ultimately, SteelSurf ECO+ is a carbon-negative asphalt product that delivers customers the skid resistance and durability that they expect. The new ECO+ range of products helps further reduce an industry leading low carbon footprint product range, that was already more sustainable than traditional asphalt due to the beneficial reuse of steel slag.
    
    Since 1974, the United Nations has designated June 5 as World Environment Day to engage governments, businesses and citizens in an effort to address pressing environmental issues.
18. voda 6 juni 2022 07:17

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    POSCO to Leverage HyRex to Produce Green Steel
    
    Strategic Research Institute
    Published on :
    06 Jun, 2022, 5:48 am
    
    South Korean steel giant POSCO is promoting Conversion to Low-carbon Eco-friendly Steelmaking Process HyREX to achieve the goal of net-zero carbon 2050, such as the development of hydrogen reduction steelmaking, expansion of renewable energy & CCS, to find a way to survive. Hydrogen reduction steelmaking is an innovative technology that produces iron using hydrogen instead of fossil fuels. When fossil fuels such as coal and natural gas react chemically with iron ore, they generate carbon dioxide, while hydrogen only generates water. Therefore, hydrogen reduction steelmaking can dramatically reduce carbon emissions in the steelmaking process.
    
    HyREX is a steelmaking method that manufactures molten metal using iron ore fines and hydrogen based on the FINEX fluidized reduction technology POSCO has. The common feature of coal, natural gas and hydrogen is that they play the role of a reducing agent that takes oxygen rom iron ore. The core of hydrogen reduction steelmaking is the reduction furnace, a device where the reduction reaction of iron ore by hydrogen occurs. First, iron ore contacts hydrogen heated to a high temperature to make iron. The iron made this way is called direct reduced iron. After that, if DRI is put into an electric furnace and melted, molten iron is produced.
    
    POSCO held Hydrogen Iron & Steel Making 2021, the first international forum on hydrogen reduction steelmaking, in October last year. In this event, POSCO introduced HyREX technology to global steel companies for the first time. POSCO will build a test facility with annual production of a million tons in Pohang Works by 2028 in cooperation with the government and Korean steel companies to confirm the possibility of commercialization of HyREX technology, a hydrogen reduction steelmaking method based on FINEX fluidized bed reduction reactor technology. This means a technical confirmation of the difference between fluidized reduction operation and existing FINEX to convert the existing method where the carbon monoxide of FINEX fluidized reduction furnaces is partially mixed with hydrogen or 100% hydrogen. Also, process technology for a new electric furnace dedicated to hydrogen reduction steelmaking is being developed. DRI made of fossil fuel has a small amount of carbon due to carburization reaction. If DRI has carbon, the melting point of iron is lowered by 200~300 degree Celsius from 1538 degree Celsius, making melting easier. On the other hand, DRI produced using 100% hydrogen has no carbon at all, and melting is relatively difficult. Therefore, there is a need to develop a new type of electric furnace technology that is different from existing electric furnaces.
    
    POSCO has successfully produced a cumulative 34 million tons of molten metal in a FINEX plant since the start of FINEX technical development in 1992 and the commercialization of the technology in 2007. In general, the technical development stage leads to the expansion of commercialization through the lab for verification of concept, pilot for verification of consecutive process and demo for verification of commercialization stages. However, POSCO plans to enter the demonstration stage from 2025 without a pilot stage and verify HyREX technology in 2030 based on its technologies and experience from FINEX process development. POSCO plans to enhance its future global steel technology leadership in the conversion to net-zero carbon, by verifying HyREX technology by 2030 and leading the era of green steel. Also, POSCO will achieve net-zero carbon 2050 by converting existing blast furnaces in the Pohang and Gwangyang steelworks to hydrogen reduction steelmaking in a phased manner by 2050.
19. voda 6 juni 2022 07:18

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    CMDA Plans Makeover of Sathangadu Steel Market in Chennai
    
    Strategic Research Institute
    Published on :
    06 Jun, 2022, 5:51 am
    
    Express News Service reported that Chennai’s Sathangadu Iron & Steel Market is set to get a makeover as the Chennai Metropolitan Development Authority is planning to conduct a feasibility study for modernizing it. Sathangadu Iron & Steel Market spread over 203 acres & 850 plots of varying sizes were developed for wholesale steel traders in 1991 including 37.58 acres to Steel Authority of India Ltd & 13.21 acres to Rashtriya Ispat Nigam Limited. However, out of the 850 slots, 131 are lying vacant and the study will explore possibilities on how to generate revenue out of it.
    
    Due to Cyclone Vardah in 2016 and Nivar in 2020, the roads and infrastructure were severely damaged, resulting in the need for revamp. Sathangadu Iron & Steel Market Association President Mr PG Armugam said “Only last year, the roads were repaired and streetlights were provided but we still lack proper power connection and internet connectivity is poor. We request CMDA to go in for another network provider to ensure proper connectivity.”
20. voda 6 juni 2022 07:18

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    STI & SPFA Awards Mcdermott CB&I for Storage Tank in Fremont
    
    Strategic Research Institute
    Published on :
    06 Jun, 2022, 5:54 am
    
    Houston US headquartered McDermott International’s storage business CB&I was presented with two Field-Erected Tank of the Year awards by the Steel Tank Institute & Steel Plate Fabricators Association during its annual meeting in New Orleans in Los Angeles. The API 620 Low Pressure Liquid Storage Tank category was awarded to CB&I for the design and construction of a 1.2 million gallon Egg Shaped Digester and associated equipment for the City of Fremont in Fremont in Nebraska in US. The award for the ASME Pressure Vessel Storage category recognized the replacement of a hot lime softener vessel with a net capacity of 183,700 gallons and design temperature for 300 degrees Fahrenheit at a refinery in Linden in New Jersey in US.
    
    STI & SPFA is a non-profit trade association whose member companies fabricate steel tanks, pipe and pressure vessels for use across various industries. The annual awards recognize steel construction projects and products of member companies that exemplify the steel tank industry. The association presents safety awards each year to acknowledge the highest achievements of member companies engaged in shop fabrication, inspection, and maintenance and field construction.
    
    CB&I had multiple operating groups in North America that were recognized in the following categories:
    
    2021 Safety Diamond Club Award: Fabricators or affiliate members who complete at least one million work hours without a recordable incident for the 2021 calendar year.
    
    2021 Safety Award of Excellence: Member companies whose employees achieved an OSHA Total Recordable Incident Rate (TRIR) of zero for the 2021 calendar year.
    
    2021 Safety Award of Achievement: Member companies that accomplished a minimum ten percent reduction in their OSHA TRIR, with no fatalities, during the 2021 calendar year, as compared with the average TRIR for the three previous years.
    
    CB&I is the world's leading designer and builder of storage facilities, tanks and terminals. With more than 60,000 structures completed throughout its 130-year history, CB&I has the global expertise and strategically located operations to provide its customers world-class storage solutions for even the most complex energy infrastructure projects.