ArcelorMittal LU1598757687

Nieuws en info hier plaatsen (deel 4)

1. voda 23 juni 2022 07:07

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 25 apr 2024

   • Aanbevelingen

     Ontvangen: 82030

     Gegeven: 20897

   •    Aantal posts: 364.466

   TKC Metals Sells Zhangzhou Stronghold Steel to Divine Token
   
   Strategic Research Institute
   Published on :
   23 Jun, 2022, 6:48 am
   
   Philippine’s TKC Metals Corp announced that it will sell its losing steel manufacturing business in China Billions Steel International, which oversees the group’s China operations through Zhangzhou Stronghold Steel Works to Divine Token for PHP 1.74 billion. TKC Metals Corp said that its China business was incurring operating losses through the past years on adverse business and economic environment, which caused low production and sales volume. TKC Metals Corp said the sale of China operations would ease its financial burden. It would no longer be required to continue to fund the financial reverses being incurred by the ZZ Stronghold. Divine Token, a corporation organized under the laws of the British Virgin Island, will assume TKC Metals Corp’s advances to the China operations.
   
   Based in Fujian Province of southern China, ZZ Stronghold is a manufacturer of steel pipes for general construction, water transmission and structural uses. It manufactures Electric Resistance Welded and spiral welded pipes for general construction and water transmission, and prospectively, seamless pipes for the oil and gas development industry. It currently has an annual production of 40,000 tonnes of PE-coated spiral welded pipes and ERW pipes.
   
   Aside from Billions Steel International, TKC Metals also plans to sell Treasure Steelworks Corp, whose production of steel billets in Iligan City was suspended since 2013. TKC Metals Corp had suspended its plant operations in Iligan City and terminated its contract with plant employees due to a shortage in power supply in Mindanao.
   
   TKC Metals Corp incurred PHP 49.68 million in first-quarter net loss attributable to parent equity holders, wider by 41.8% compared with the PHP 35.04 million recorded a year earlier. The negative bottom line came despite gross revenues improving by 66.4% to PHP 195.23 million from PHP 117.34 million, driven by higher nominal sales value generated by the operations of its subsidiary Zhangzhou Stronghold Steel Works
   
   TKC Metals Corp undertakes the exclusive marketing and sales of billets manufactured by its subsidiary Treasure Steelworks Corporation in its billet facility in Lanao del Norte in the southern Philippine region. Steel billets are used as raw materials for downstream steel products such as bars, wire rods, and sections. The firm has almost completed the refurbishment and upgrade of the billet manufacturing plant and the installation of the iron ore beneficiation plant, the sintering plant, and the first blast furnace plant.
   
   TKC Metals Corp will also be looking into new technology for nickel leaching, which is a chemical process that will take only two hours to extract nickel from laterite ores and will result in a nickel recovery rate of 20-50%.
2. voda 23 juni 2022 07:08

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 25 apr 2024

   • Aanbevelingen

     Ontvangen: 82030

     Gegeven: 20897

   •    Aantal posts: 364.466

   Skarta to Build R&D Lab & office for SSAB at Rahe Steel Plant
   
   Strategic Research Institute
   Published on :
   23 Jun, 2022, 6:48 am
   
   Builder of a clean future SkartaNYAB's subsidiary Skarta Finland has made an agreement with Swedish steel company SSAB regarding a new project in Raahe plant district on 22 June 2022. Skarta will build a new research and laboratory facility and an adjacent office building all the way to inner surfaces in Raahe plant, a total of approximately 8000 square meters. Floor area of the new building at the Raahe plant is 7750 square meters, of which offices will constitute about 3000 square meters and the research facility about 5000 square meters. Approximately 100 people will be working in the premises. Value of the project is 12 million euros.
   
   The building will be steel framed and have foundations with ground clearance. SSAB's steel structures and products will be used in the construction. Outer walls are made of SPA element and the roof is a lean to felt roof with wooden frames. SSAB's color coated GreenCoat steel, that corresponds to strict environmental and quality demands, is also used in the outer sheath of the building.
   
   Skarta starts the construction right away and completes it in a tight schedule, as the massive building that includes architectural and aesthetic details is to be completed in one and a half years, by the end of 2023. The project is a shared project, in which Skarta is the contractor for work in the field of construction engineering, as well as the main contractor. HVAC and electric contractors will operate as side contractors.
   
   The building will replace old laboratory facilities that are at the end of their lifecycle, as well as old office of the plant that was demolished earlier this year. The investment is made to develop and speed up the functioning of the laboratories, as well as to prepare for SSAB's transition towards manufacturing fossil free steel. SkartaNYAB's strategy is also based on building a clean future, including clean water and energy, as well as sustainable infrastructure.
3. voda 23 juni 2022 07:08

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 25 apr 2024

   • Aanbevelingen

     Ontvangen: 82030

     Gegeven: 20897

   •    Aantal posts: 364.466

   Ruukki Inaugurates Mineral Wool Sandwich Panel Line in Poland
   
   Strategic Research Institute
   Published on :
   23 Jun, 2022, 6:49 am
   
   Steel-based construction products & services for sustainable buildings provider Ruukki Construction has celebrated the inauguration of a new sandwich panel production line in Oborniki in Poland. The investment of approximately EUR 5 million supports Ruukki’s growth strategy by further improving plant safety and productivity as well as enhancing the technical properties of the manufactured products. Customer deliveries from the new production line will begin in the third quarter of 2022. The new production line in Oborniki complements the company's current offering of wall and roof structures by enabling the provision of more advanced mineral wool sandwich panels, especially for customers operating in Poland, Central Eastern Europe and the Baltics.
   
   Ruukki’s Oborniki plant is located some 40 kilometers from Poznan and employs roughly 200 people. The plant produces sandwich panels that are used in the external and internal walls and ceilings of warehouses, logistics centers, production plants, offices and shopping centres. Sandwich panels with either a mineral wool or PIR (polyisocyanurate) core ensure a durable, airtight and energy-efficient envelope for all types of buildings. In addition to Oborniki, Ruukki produces sandwich panels in Alajärvi in Finland.
   
   The project has been co-financed by the European Union from the European Regional Development Fund as a part of Smart Growth Operational Program 2014-2020.
4. voda 23 juni 2022 07:09

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 25 apr 2024

   • Aanbevelingen

     Ontvangen: 82030

     Gegeven: 20897

   •    Aantal posts: 364.466

   Tosyali Harsco Inks Slag Service Contract with Kardemir Steel
   
   Strategic Research Institute
   Published on :
   23 Jun, 2022, 6:49 am
   
   Harsco Environmental & Tosyali Holding’s JV Tosyali Harsco has entered into a new multiyear services contract with Kardemir Steel. Tosyali Harsco brings to Kardemir its expertise in safe and reliable under furnace digging. Kardemir is a new customer for Tosyali Harsco, and a first contract in the Izmir area in Western Turkey. This reinforces Tosyali Harsco’s ambition to grow its footprint in all areas of steelmaking in Turkey.
   
   Kardemir is a family owned steel mill located in Izmir in Turkey, producing long products and profiles at three separate facilities. Kardemir owns and operates three hydroelectric power stations in Hakkari, Ordu & Van, two wind power stations in Aydin & Aliaga Izmir and solar power stations.
   
   Tosyali Harsco specializes in metal recovery services and slag sales. Tosyali Harsco operates steel mill services and slag sales on 6 separate sites in Turkey. Tosyali Harsco processes slag wastes generated during the steel production, providing metal recovery and turning the inert slag into by-products for use in different sectors. Tosyali Harsco has a processing capacity of more than 2 million tonne per year in Turkey. The company utilizes limited resources in the most efficient way with its clean environmental awareness and gives life to slag for a better world.
5. voda 23 juni 2022 07:10

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 25 apr 2024

   • Aanbevelingen

     Ontvangen: 82030

     Gegeven: 20897

   •    Aantal posts: 364.466

   MMK’s SMS Converters Hit New Production Milestone
   
   Strategic Research Institute
   Published on :
   23 Jun, 2022, 6:50 am
   
   Russian steel maker MMK announced that Magnitogorsk Iron and Steel Works’ steel melting shop’s converters have produced the 250 millionth tonne of steel. The first converter steel was smelted at MMK in October 1990. After 16 years, it produced the 100 millionth tonne of steel, 150 million tonnes in 2012 and 200 millionth tonne in in 2017 and now five years later a milestone event is once again at the CCC of Magnitogorsk, the production of the 250 millionth tonne of steel.
   
   The transition from open-hearth to BOF steel smelting was an important milestone in the history of MMK. Today, the CCC is the main steel-smelting division of the plant, in which about 80% of all PJSC MMK's steel is smelted. The oxygen-converter shop of the Magnitogorsk Iron and Steel Works is one of the most productive steel-smelting shops in the world.
   
   The updated equipment of the CCC Magnitogorsk allows the production of a wide range of branded products. This steel is used for the production of large diameter pipes, in the automotive, ship and mechanical engineering.
6. voda 23 juni 2022 07:10

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 25 apr 2024

   • Aanbevelingen

     Ontvangen: 82030

     Gegeven: 20897

   •    Aantal posts: 364.466

   Saarstahl Earns Platinum Status in EcoVadis Sustainability Rating
   
   Strategic Research Institute
   Published on :
   23 Jun, 2022, 6:50 am
   
   Internationally recognized ratings platform to assess corporate social responsibility EcoVadis has awarded its platinum rating to German steel maker Saarstahl’s sustainability strategy. Saarstahl has thus achieved the highest possible rating, putting it among the top 1 percent of companies assessed in its industry category. The EcoVadis rating confirms the high quality of sustainability management at Saarstahl. Responsible operation and sustainable business management have long been firmly embedded in the corporate policy of the steel-producing company.
   
   The EcoVadis rating is performed annually. Saarstahl had already successfully positioned itself in previous years as a company that operates sustainably and responsibly. In the current assessment, Saarstahl surpassed its gold medal from 2021 and thus earned the platinum medal with 75 points. The rating is valid until May 2023.
   
   The EcoVadis assessment is based on a defined scorecard. This scorecard also incorporates the criteria of the Global Reporting Initiative, the United Nations Global Compact and the International Organization for Standardization for the issues of “Environment”, “Labor and Human Rights”, “Ethics” and “Sustainability in Procurement”. The definition of specific evaluation criteria enables worldwide comparison of the companies certified by EcoVadis.
7. voda 23 juni 2022 07:11

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 25 apr 2024

   • Aanbevelingen

     Ontvangen: 82030

     Gegeven: 20897

   •    Aantal posts: 364.466

   POSCO Holdings & SK On Join Hands for Secondary Battery Business
   
   Strategic Research Institute
   Published on :
   23 Jun, 2022, 6:51 am
   
   While supply chain problems are emerging as pending issues, POSCO Group, which handles the overall secondary battery material business such as lithium & nickel, cathode and anode materials and recycling and SK On, which is rapidly increasing its global battery market share, are establishing a joint response system. The two companies signed a MOU for comprehensive business cooperation in the secondary battery business at the POSCO Center in Daechi-dong in Seoul on 15 June 2022. The two companies agreed to strengthen collaboration across the entire battery value chain, ranging from secondary battery materials such as lithium, nickel, and cobalt to positive and negative electrode materials and battery recycling.
   
   The two companies also shared the medium-to-long-term expansion plans for SK On’s secondary battery production and discussed how POSCO Group will increase the supply of raw materials to its partner. After organizing a working-level taskforce, the two companies plan to talk about the mid-to-long-term strategies for overseas business expansion, investments in raw materials such as lithium & nickel, a roadmap for the development of cathode materials, expansion of anode material supply and establishment of networks to collect used batteries.
   
   Meanwhile, POSCO Holdings broke ground for the production plant for lithium in Argentina in March. In May, it invested in ProLogium Technology, a Taiwanese company specializing in all-solid-state batteries. POSCO has continuously enhanced its capabilities in the rechargeable cell business as it established the solid electrolyte production company POSCO JK Solid Solution early this year.
   
   SK On elevated its global market share ranking from 10th place in 2019 to 5th based on its exceptional technological prowess and manufacturing capabilities such as successive development and mass production of the world’s first high-performance high-nickel battery. In 2021, SK On is leading the future battery market after securing shares of Solid Power, the leading US company for all-solid-state batteries, and having decided to produce the next-generation batteries through joint development last year.
8. voda 23 juni 2022 07:11

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 25 apr 2024

   • Aanbevelingen

     Ontvangen: 82030

     Gegeven: 20897

   •    Aantal posts: 364.466

   Salzgitter Raises Guidance for Financial Year 2022
   
   Strategic Research Institute
   Published on :
   23 Jun, 2022, 6:52 am
   
   German steel maker Salzgitter announced that its steel production & trading business units are continuing to benefit from the clear uptrend in prices and demand across all steel products in the second quarter as well. Salzgitter said “As a result of the most recent consolidation in steel prices, we expect the above-average margins to narrow in the second half of the year. Based on an excellent half-year result already in evidence, we are nevertheless revising our guidance for the Salzgitter Group upward again. We are now anticipating sales of around EUR 13 billion, previously under EUR 11 billion & pre-tax profit EBT of between EUR 1.0-1.2 billion, previously: between EUR 750-900 million.”
   
   Salzgitter added “In the context of the above, we have taken commodity and energy costs at the current level as a basis and assume an ongoing unrestricted availability of natural gas as a precondition for maintaining production. We make specific reference to the virtually unquantifiable risks at present in connection with the war in Ukraine, the consequences of which have meanwhile also been reflected in economic institutions making significant corrections to their economic forecasts.”
9. voda 23 juni 2022 07:12

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 25 apr 2024

   • Aanbevelingen

     Ontvangen: 82030

     Gegeven: 20897

   •    Aantal posts: 364.466

   CMC Steel Arizona MIDA Minimill Power Feeder Replaced by Danieli
   
   Strategic Research Institute
   Published on :
   23 Jun, 2022, 6:52 am
   
   A Danieli Automation Q-One digital power feeder has recently replaced the existing ladle furnace transformer at CMC Steel Arizona, starting operation without any delay to production in the commissioning stage. The innovative features of Q-One allow furnaces to operate at variable frequencies; in fact tests have been executed operating the furnace down to 20 Hz instead of the nominal 60 Hz. As already experienced in previous installations, the use of low frequencies made it possible to achieve better energy performances, with constant power factor of 0.96 and minimum disturbances on the power grid.
   
   CMC Steel Arizona is a Danieli QLP MIDA endless casting-rolling minimill supplied in 2009 for a design capacity of 350,000 ton pe year of quality rebar in bundles and spools.
   
   CMC is operating another Danieli QLP MIDA minimill CMC Steel Oklahoma and a third one, still supplied by Danieli, will be started up in 2023.
10. voda 23 juni 2022 07:13

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 25 apr 2024

    • Aanbevelingen

      Ontvangen: 82030

      Gegeven: 20897

    •    Aantal posts: 364.466

    Swiss Steel to Supply Green Steel to thyssenkrupp Aerospace
    
    Strategic Research Institute
    Published on :
    23 Jun, 2022, 6:53 am
    
    Lucerne Emmenbrücke Switzerland based Swiss Steel Group announced that when an aircraft takes off in future, it is quite possible that Green Steel from Swiss Steel will be along for the flight as Swiss Steel will be exclusively supplying green steel as of next year to thyssenkrupp Aerospace, a company of thyssenkrupp Material Services Starting in 2023, Swiss Steel Group will be supplying green forged and rolled bar and bright steel to thyssenkrupp Aerospace, a supplier to the world’s leading aviation and aerospace companies. The manufacturing process of this material is especially environmentally friendly and in process emissions are 80 to 95% lower than the industry average.
    
    In addition to aspiring to make all company activities climate-neutral as of 2030, thyssenkrupp Materials Services is also supporting customers in the decarbonization of their supply chains. Green products and services are essential in this context and support the aspiration of the western world’s largest and mill-independent materials distribution and service providers also in terms of sustainability to become the industry leader.
    
    Both business partners intend to continue to strengthen the connection and also to involve each other in other business areas where appropriate.
    
    The Swiss Steel Group is one of the world’s leading providers of individual solutions in the special long steel products sector. The Group is one of the leading manufacturers of tool steel and non-corrosive long steel on the global market and one of the two largest companies in Europe for alloyed and high-alloyed constructional steel.
11. voda 23 juni 2022 07:14

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 25 apr 2024

    • Aanbevelingen

      Ontvangen: 82030

      Gegeven: 20897

    •    Aantal posts: 364.466

    Salzgitter to Supply SALCOS Green Steel to Grupo Arania
    
    Strategic Research Institute
    Published on :
    23 Jun, 2022, 6:54 am
    
    German steel maker Salzgitter AG & Spain headquartered leading South European steel processing company Grupo Arania have signed the innovative partnering agreement. Grupo Arania is the first South European customer who participates in Salzgitter’s way in the field of low CO2 steel products and downstream product processing. The Salzgitter Group’s partnering program offers companies the possibility of securing a defined tonnage of green steel upfront as part of an economic commitment. This green steel is to be produced and delivered as from the end of 2025 as part of SALCOS, Salzgitter Low CO2-Steelmaking. Furthermore, both companies intend to cooperate in advancing and refining the development of steel grades.
    
    With the aim of massively reducing CO2 emissions in steel production, Salzgitter AG intends to gradually switch the production of steel to a hydrogen-based route under its SALCOS. In contrast to the former process involving blast furnaces, hydrogen and green electricity will replace the carbon formerly required for producing steel. By harnessing this process, Salzgitter AG plans to incrementally lower the CO2 emissions in steel production to less than five percent of the original emissions volume.
    
    The Arania Group is one of the main European benchmarks in the field of steel transformation. Since 1940, its continuous commitment to human capital and cutting-edge technology has made the Group one of the greatest exponents in the sector and has consolidated its presence in the large international markets.
12. voda 23 juni 2022 07:14

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 25 apr 2024

    • Aanbevelingen

      Ontvangen: 82030

      Gegeven: 20897

    •    Aantal posts: 364.466

    Court of Justice Upholds Verdict in ThyssenKrupp Tata Steel Merger
    
    Strategic Research Institute
    Published on :
    23 Jun, 2022, 6:54 am
    
    Luxembourg seated Court of Justice of European Union in a case T-584/19 between German steel maker Thyssenkrupp & European Commission judgment has upheld the European Commission's decision prohibiting the proposed merger between Thyssenkrupp & Tata Steel. The General Court rejects all the arguments raised by the undertaking and upholds the Commission's decision. An appeal, limited to points of law only, may be brought before the Court of Justice against the decision of the General Court within two months and ten days of notification of the decision.
    
    Thyssenkrupp & Tata Steel on 25 September 2018 had notified the European Commission, in accordance with the Merger Regulation, of their plan to acquire joint control of a newly created joint venture. The European Commission held that the proposed concentration raised serious doubts as to its compatibility with the internal market and decided to initiate an in-depth examination procedure. The proposal related primarily to metallic coated and laminated steel products for packaging and hot-dip galvanized steel products used in the automotive industry.
    
    The European Commission adopted a statement of objections by which it concluded, as a preliminary point, that the proposed merger transaction would result in a significant impediment to effective competition in a substantial part of the internal market. Following an exchange with the undertakings involved and after sending requests for information to a number of market players, including inter alia, competitors and customers, the European Commission declared, by decision of 11 June 2019, that the transaction was incompatible with the internal market and the European Economic Area.
    
    The European Commission considered that the transaction would result in a significant impediment to effective competition, in particular due to horizontal non-coordinated effects resulting from the elimination of an important competitive constraint. As a result, customers would have faced a reduction in the number of suppliers, as well as higher prices.
    
    According to the European Commission, the remedies proposed by Thyssenkrupp and Tata Steel did not address in a full and lasting manner the competition problems identified. Consequently, Thyssenkrupp brought an action before the General Court of the European Union for annulment of the decision.
13. voda 23 juni 2022 07:18

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 25 apr 2024

    • Aanbevelingen

      Ontvangen: 82030

      Gegeven: 20897

    •    Aantal posts: 364.466

    EUROFER Cautions over ETS & CBAM Policies for Green Steel
    
    Strategic Research Institute
    Published on :
    23 Jun, 2022, 6:55 am
    
    European Steel Association EUROFER has reiterated its call to EU policy makers for an open, fact-based discussion, also in light of the evolving geopolitical and energetic context, in order to speed up decarbonization and secure the EU’s strategic autonomy. EUROFER Director General Mr Axel Eggert said “The European Parliament has recognized only partially a few key issues for industry, such as benchmark rules, exports and ETS/CBAM interaction. However, the agreed text is insufficient to preserve EU exports and doesn’t provide the necessary cautious transition from current carbon leakage measures to CBAM. Hence, further work is needed to align the current texts to our climate ambition and allow the successful implementation of our large number of low carbon steel projects.”
    
    Mr Eggert said “In addition, the Parliament missed the opportunity to concretely address the upstream emissions of input materials used for the production of stainless steel. Those emissions are up to seven times higher in imported products compared to EU stainless steel production.”
    
    Mr Eggert urged “We are asking for the right conditions to enable the green steel transition, which is under way. EUROFER is willing to contribute in a constructive way to the public debate and therefore we call once again on EU policymakers to have an open, fact-based discussion on these crucial topics. This is even more urgent against the backdrop of the accelerating EU energy crisis. The current geopolitical situation requires swift but forward-looking decisions to cut the EU’s fossil fuels dependency from Russia whilst speeding up the green transition.”
    
    In particular, the European steel sector asks for
    
    1. Effective measures on exports to preserve a significant part of the EU steel production which is worth EUR 45 billion and represents about 30,000 direct jobs
    
    2. More cautious transition to CBAM from existing ETS carbon leakage rules, notably regarding a smoother free allocation phase out and the compensation of indirect costs, as long as the new Carbon Border Adjustment Mechanism has not proven its effectiveness
    
    3. Avoiding unnecessary costs for EU society as whole, preventing an even higher inflation, by reviewing the current provisions on the Market Stability Reserve and rebasing
    
    4. Including ferroalloys in the list of input materials to be considered, as they significantly contribute to CO2 emissions
    
    These measures will contribute to the green steel transition. The steel industry has now 60 low carbon projects with a CO2 emissions potential abatement of 81.5 million tonnes per year by 2030, equal to approximately a 2% cut of overall EU emissions. For the steel sector, on its path to carbon neutrality, this represents a 55% cut compared to 1990 levels, in line with the EU Fit for 55 targets.
14. voda 23 juni 2022 07:19

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 25 apr 2024

    • Aanbevelingen

      Ontvangen: 82030

      Gegeven: 20897

    •    Aantal posts: 364.466

    RWE & ArcelorMittal to Develop Offshore Wind Farm & Hydrogen Plant
    
    Strategic Research Institute
    Published on :
    23 Jun, 2022, 6:56 am
    
    Energy company RWE and steel producer ArcelorMittal have signed a memorandum of understanding to work together to develop, build and operate offshore wind farms and hydrogen facilities that will supply the renewable energy and green hydrogen required to produce low-emissions steel in Germany. New wind farms to cover a large part of growing ArcelorMittal’s electricity requirements in Germany, subject to regulatory framework. The partnership centres on driving forward the production of carbon-neutral steel, with a plan to replace coal with wind power and green hydrogen as the main source of energy in steel production at ArcelorMittal’s steelmaking sites in Germany.
    
    To decarbonize its production sites in Bremen, Hamburg, Eisenhüttenstadt and Duisburg as planned, ArcelorMittal Germany needs renewable energy on a large scale.
    
    RWE and ArcelorMittal are assessing options for joint participation in tenders for offshore wind farm sites in the North Sea. The amendment of the Wind Energy at Sea Act currently under way is crucial for success, as it will permanently shape the cost structure in the German offshore wind sector. If the law were to establish negative bids in offshore wind tenders, financing wind farms would be more challenging and send the wrong pricing signals to the market by making wind power unnecessarily expensive. Competitive electricity prices are absolutely necessary, if energy-intensive industries such as the steel industry, which operates in a competitive global environment, are to have a future in Germany. RWE and ArcelorMittal strongly believe that with the right steer, green steel from Germany can become a benchmark worldwide for low-carbon emissions steel production.
    
    RWE and ArcelorMittal also want to work together on the development of green hydrogen, by jointly looking for areas where electrolysis plants can be built to supply the steel production sites in Bremen and Eisenhüttenstadt, starting with a 70 MW pilot plant by 2026 with the clear intention to increase to Gigawatt-scale projects in the long term, subject to approval of public funding.
    
    With the combination of RWE’s expertise in offshore wind farms and electrolysers, and ArcelorMittal as a guaranteed buyer of the green electricity and hydrogen, the two companies believe they have excellent opportunities for a viable partnership arrangement. RWE and ArcelorMittal intend to conclude long-term purchase agreements for both wind power and green hydrogen.

    Bijlage:
15. voda 23 juni 2022 07:21

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 25 apr 2024

    • Aanbevelingen

      Ontvangen: 82030

      Gegeven: 20897

    •    Aantal posts: 364.466

    Global Crude Steel Production in May up MoM on Chinese Recovery
    
    Strategic Research Institute
    Published on :
    23 Jun, 2022, 6:56 am
    
    World Steel Association announced that global crude steel production for the 64 countries reporting to worldsteel was 169.5 million tonnes in May 2022, a 3.5% decrease compared to May 2021 mainly due to 10% YoY shrinkage in Chinese crude steel production to about 97 million tonnes as compared to highest ever level of 99 million tonnes in May 2021. However, the crude steel production in May was up by 4.2% MoM. During January- May 2022, global crude steel production totaled 791.8 million tonnes down 6.3% YoY, with China producing 435.0.million tonne down 8.7% YoY & India 53.2 million tonne up 6.3% YoY
    
    May 2022
    
    1. China – 96.6 million tonne down 3.5% YoY
    
    2. India - 10.6 million tonne up 17.3% YoY
    
    3. Japan – 8.1 million tonne down 4.2% YoY
    
    4. United States – 7.2 million tonne down 3.6% YoY
    
    5. Russia – 6.4 million tonne down 1.4% YoY
    
    6. South Korea - 6.4 million tonne down 1.4% YoY
    
    7. Germany -3.2 million tonne down 11.5% YoY
    
    8. Turkey - 3.2 million tonne down 1.4% YoY
    
    9. Brazil – 3.0 million tonne down 4.9% YoY
    
    10. Iran - 2.3 million tonne down 17.6% YoY
    
    January – May 2022
    
    1. China – 435.0 million tonne down 8.7% YoY
    
    2. India – 53.2 million tonne up 6.5% YoY
    
    3. Japan – 38.5 million tonne down 3.5% YoY
    
    4. United States – 34.3 million tonne down 1.6% YoY
    
    5. Russia – 31.0 million tonne down 2.3% YoY
    
    6. South Korea – 28.2 million tonne down 3.4% YoY
    
    7. Germany -16.4 million tonne down 4.8% YoY
    
    8. Turkey – 16.0 million tonne down 2.8% YoY
    
    9. Brazil – 14.5 million tonne down 2.2% YoY
    
    10. Iran – 11.4 million tonne down 10.8% YoY

    Bijlage:
16. voda 24 juni 2022 06:30

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 25 apr 2024

    • Aanbevelingen

      Ontvangen: 82030

      Gegeven: 20897

    •    Aantal posts: 364.466

    Thyssenkrupp Automotive Body Solutions Acquires Stake in cap-on
    
    Strategic Research Institute
    Published on :
    24 Jun, 2022, 6:15 am
    
    The body shop specialist thyssenkrupp Automotive Body Solutions is acquiring a stake in cap-on GmbH, a start-up company from Bavaria specializing in digital pay-per use services. Together, the two companies aim to establish new financing and digital usage concepts in the capital-intensive plant and industrial goods business in the future. Thyssenkrupp Automotive Body Solutions has acquired a minority stake in cap-on for this purpose and is advising the startup company on the design of its service offering for industrial customers.
    
    The business idea behind "pay-per-use" or "equipment-as-a-service" is based on the fact that industrial companies no longer have to finance and purchase their production equipment themselves, but instead purchase specific production and labor services from a service provider. The scope of service also includes other services such as installation, maintenance and spare parts supply. The service provider guarantees the availability of the equipment. The industrial customer thereby benefits from less risk in long-term investment decisions, lower commitment of funds, shifting from capital expenditures to operating costs, and greater flexibility in production control. The prerequisite for such a business model is the digital networking of production processes and machine data with intelligent financing and billing processes as an IOT platform solution.
    
    cap-on GmbH, a fintech company founded in 2021, develops digital pay-per-use and asset-as-a-service solutions for industrial customers. In cap-on's full-service offering, assets based on IoT data can be used flexibly and paid for per-use. Thanks to the off-balance-sheet financing structure and data-based risk management, users benefit from liquidity-preserving investment opportunities even in volatile market conditions. The cap-on platform handles the entire financing process digitally, from contract and credit management to asset management. cap-on relies on intelligent data analyses for the real-time evaluation of users, assets, market situations and forecasts of future credit risks.
    
    Thyssenkrupp Automotive Body Solutions is an integrated body shop specialist. The product and service portfolio ranges from prototype, tool and plant construction to series production of body components. The company has five development and production sites in Germany and a further six abroad.
17. voda 24 juni 2022 06:30

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 25 apr 2024

    • Aanbevelingen

      Ontvangen: 82030

      Gegeven: 20897

    •    Aantal posts: 364.466

    Algoma Steel Distributes CAD 151 Million Bonus to Employees
    
    Strategic Research Institute
    Published on :
    24 Jun, 2022, 6:19 am
    
    Sault Ste Marie Ontario based Canadian steel maker Algoma Steel Group has announced fiscal 2022 returned CAD 150.7 million in total profit share payouts for eligible employees. With the second installment scheduled for release on 24 June, fiscal 2022’s profit share represents the highest payments per employee in the Company’s history. All figures are in Canadian dollars unless otherwise stated. Algoma’s Chief Executive Officer Mr Michael Garcia said “This announcement comes on the back of the Company’s impressive fourth-quarter results. This past year, Algoma saw record safety performance, revenues, and cash flows with much of that success attributable to our employees’ hard work and dedication. Together we are demonstrating that bold transformation, the continued pursuit of excellence and success go hand in hand at Algoma.”
    
    This cash infusion is in addition to approximately CAD 400 million in annual payroll and pension benefits, and when combined with local investments in goods and services accruing CAD 63 million to date derived from the construction of our electric arc furnace facility and our plate mill modernization, delivers meaningful positive returns for our community.
    
    In appreciation for the record year, Algoma Steel will host employees and their families on Saturday, June 25th for a Family Day celebration, featuring Steelworks tours, children’s activities, live entertainment and a BBQ lunch.
18. voda 24 juni 2022 06:31

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 25 apr 2024

    • Aanbevelingen

      Ontvangen: 82030

      Gegeven: 20897

    •    Aantal posts: 364.466

    Mr Muthukumar Joins as Director Production & Marketing MIDHANI
    
    Strategic Research Institute
    Published on :
    24 Jun, 2022, 6:22 am
    
    Mr T Muthukumar has assumed charge as Director Production & Marketing of Mishra Dhatu Nigam Ltd on 23 June 2022. Mr Muthukumar, 57 years, has completed his Bachelor of Engineering in Metallurgy from Bharathiar University at Coimbatore in Tamil Nadu in the year 1986. He has over 34 years of experience in the Steel industry.
    
    Mr Muthukumar joined Durgapur Steel Plant, one of the integrated steel plants of Steel Authority of India Limited as Management Trainee in the year 1987. He has since risen through the ranks at SAIL after working at various departments at different levels. He was promoted as Chief General Manager at Salem Steel Plant, SAIL in the year 2019. He has served at SAIL’s Salem Steel Plant from the year 1994 till 2019. Before moving to MIDHANI, he was working as Chief General Manager Projects at Durgapur Steel Plant from the year 2020 onwards.
    
    Mr Muthukumar has been Chairman of Alloy Steel Committee. During his career at SAIL, he was credited with successfully developing and commercializing the production of various new grades to increase the market base. He was also credited with Alloy designing and development of various grades of Cr-Mn and high Nitrogen austenitic stainless steel and for successfully rolling and supplying ICSS-1218-321 (12X18H10T) stainless steel for ISRO, Chandrayan Mission. His contribution to indigenization includes; establishing process route to supply material for Delhi Metro Railway Coaches manufactured by BEML, Bangalore. At Salem Steel Plant, SAIL, he was also instrumental in initiating in-house fabrication of Rail cutting machine and establishment of Plate annealing facility.
19. voda 24 juni 2022 06:31

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 25 apr 2024

    • Aanbevelingen

      Ontvangen: 82030

      Gegeven: 20897

    •    Aantal posts: 364.466

    Maiwir Develops Construction Technology Using Steel
    
    Strategic Research Institute
    Published on :
    24 Jun, 2022, 6:30 am
    
    Hyderabad based steel composite design, fabrication & construction firm Maiwir Engineering has put together a patented construction technology that reduces construction cost by about 20% and construction time by 60%. This will help the infrastructure industry that is reeling under high input costs and cost escalation due to time overruns. Recently, it constructed 7 story building for Defence Research Development Organisation’s Flight Control System Integration Facility at its Aeronautical Development Establishment Campus in Bengaluru in 45 days.
    
    The building was designed using Maiwir Engineering’s Composite-Steel Construction Technology with the IIT Madras experts carrying the design checks and verification.
    
    The facility was constructed on a total built-up area of 130,000 square feet, Owing to one of the advantages of composite steel technology, the fabrication of all the 81 Columns, 406 Beams & 669 Slabs was completed in a period of 65 days. All the fabrication of the structural members was done at our factory in Telangana and was installed at the project site in just 16 days including the integration of the MEP cradles, Lift-Pods, Toilet-Pods, Monorail, Staircases & Facade.
    
    Maiwir Engineering System has horizontal members (composite truss beams) and vertical sections (piers). It is suited for infrastructure segments like high-rise buildings, data centres, bridges, airports, seaports, hospitals, educational institutions, recreational centres, and renovation and conservative restoration. Composite structures are set to replace conventional construction techniques
    
    Maiwir has a manufacturing facility in Hyderabad with a total working capacity of 75,000 tonnes per annum now and this will be scaled up to 120,000 tonnes per annum. It has manufacturing partners across India, the Middle East and Europe to cater to global demands. Maiwir offers structural design analysis, drafting and detailing, building information modeling consulting and other services.
20. voda 24 juni 2022 06:54

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 25 apr 2024

    • Aanbevelingen

      Ontvangen: 82030

      Gegeven: 20897

    •    Aantal posts: 364.466

    UK Adopts Further Russia Sanctions Including Steel Imports
    
    Strategic Research Institute
    Published on :
    24 Jun, 2022, 6:33 am
    
    UK has adopted the Russia (Sanctions) (EU Exit) (Amendment) (No 10) Regulations 2022. These introduce further trade sanctions, including bans on
    
    1. The export to Russia and the non-government controlled Ukraine territories of goods and technology with potential use for internal repression or the production and development of chemical and biological weapons, and on the provision of related services
    
    2. The export of maritime goods and technology
    
    3. The export to (or for use in) Russia, or otherwise the making available in Russia, of Sterling or EU denominated banknotes
    
    4. The making available, supply, or delivery of Sterling or EU denominated banknotes to a person connected with Russia
    
    5. The export to (or for use in) Russia of jet fuel and fuel additives, and on the provision of related services
    
    6. The import, acquisition or supply and delivery of revenue generating goods that originates in or are consigned from Russia, and on the provision of related services
    
    6. The provision of services relating to iron and steel imports.
    
    The Regulations also add products to existing prohibitions relating to oil refining goods and technology and extend existing Russia export/transfer bans on military goods and technology to non-government controlled Ukrainian territory.