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Voestalpine Secures Natural Gas for Austrian Operations

Strategic Research Institute
Published on :
27 Jun, 2022, 6:44 am

Austrian steel maker Voestalpine announced that its Austrian operations are not affected by the current throttling of gas supplies from Russia via the Nord Stream 1 pipeline in the Baltic Sea. Voestalpine said “The Austrian production sites are currently receiving most of their required gas volumes via the Transgas pipeline running through Slovakia. The Group is also thoroughly prepared should there be a further reduction or complete stop in gas supplies from Russia. Contracts for alternative supply volumes have already been signed, with Voestalpine starting to fill its own gas storage facilities in May.”

At Voestalpine, natural gas is primarily required for heat treatment processes and for the rolling mills in the steel plants, above all in Linz, Donawitz, and Kapfenberg. The recent amendment to Austria’s Energy Intervention Powers Act EnLG now allows the Voestalpine Group to build up its own stores of natural gas. In May 2022, the Voestalpine Group contracted its own gas storage facilities for the first time. The Group will store up to 1.5 TWh of gas at storage facilities including RAG Haag and Haidach. This volume is sufficient for three months operating at full capacity, or correspondingly longer at reduced capacity. These facilities are currently half full and scheduled to be completely filled by mid-July 2022.

Voestalpine is working with both existing and new suppliers to diversify its sources of natural gas. During the summer months, for example, gas deliveries from overseas arriving at LNG terminals in Italy will be transported on to Austria, both for storage and to support ongoing production operations.

In addition, an emergency plan in which production is incrementally adjusted to reflect available energy volumes has already been drawn up and would come into force in the event of any gas constraints. Lastly, as an international group with 500 companies and sites worldwide, many of which are based outside Europe and therefore unaffected by the situation, Voestalpine would also be able to offset some production bottlenecks internally.
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US Steel Imports in May up Slightly over April

Strategic Research Institute
Published on :
27 Jun, 2022, 6:48 am

The American Iron and Steel Institute has reported that US imported a total of 2.736 million net tons of steel in May 2022, including 2.334 million net tons of finished steel, up 0.2% MoM & 3.1% MoM respectively. Total and finished steel imports are up 18.4% YoY & 40.8% YoY respectively year-to-date vs 2021. Over the 12 month period June 2021 to May 2022, total and finished steel imports are up 47.5% YoY & 55.0% YoY respectively. Finished steel import market share was an estimated 25% in May and is estimated at 24% over the first five months of 2022.

Key steel products with a significant import increase in May compared to April are reinforcing bars up 120%, standard pipe up 46%, mechanical tubing up 23%, hot rolled bars up 20% and hot rolled sheets up 11%. In May, the largest suppliers were Canada 0.632 million net tons up 3% vs April, Mexico 0.482 million net tons up 23%, South Korea 0.233 million net tons down 7%, Turkey 0.155 million net tons up 70% and Brazil 0.128 million net tons down 47%.

Products with a significant increase in imports over the 12-month period June 2021 to May 2022 compared to the previous 12-month period include oil country goods up 135%, wire rods up 120%, cold rolled sheets up 79%, plates in coils up 74% and hot rolled sheets up 68%. Over the 12-month period June 2021 to May 2022, the largest suppliers were Canada 6,989 million net tons up 19% vs. compared to the previous 12-months, Mexico 5.514 million net tons up 63%, Brazil 3.485 million net tons down 6%, South Korea 2.782 million net tons up 35% and Russia 1.429 million net tons up 149%.
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Metinvest Studying Possibility of New Steel Plant in Bulgaria

Strategic Research Institute
Published on :
27 Jun, 2022, 6:51 am

Ukrrudprom reported that Ukrainian mining & metallurgical giant Metinvest is considering the possibility of building a new plant in Bulgaria. Metinvest CEO Mr Yuri Ryzhenkov announced this in an interview with the European Business Association. According to him, raw materials for new plants can be supplied from enterprises in Krivoy Rog. However, the group is considering different scenarios. He said “But, again, in order to do this, you need to be sure that we will be able to supply ore from Krivoy Rog to these countries. This is possible, but not guaranteed. We are considering different scenarios and technology strategies.”

Mr Ryzhenkov also said that earlier the company intended to invest in a large plant in Italy, which was planned to be built in the next 3-4 years. But the proposed construction was connected, among other things, with the supply of slabs from Azovstal & now it is more difficult, because you need to look for synergy with the assets that the company has

Metinvest already has a Promet Steel plant in Bulgaria with a capacity of 500,000 tonnes of rolled metal per year. The company is located 25 kilometers from the port of Burgas, within the village of Debelt. The port and the plant are interconnected by road and railroads.
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Protest against Privatization of RINL VSP to Amplify

Strategic Research Institute
Published on :
27 Jun, 2022, 6:52 am

The Hans India reported that employees & union leaders of Rashtriya Ispat Nigam Limited are continuing to wage a battle against the privatization of Visakhapatnam Steel Plant. Even as the Ukku stir reaches its 500-day mark, the central government has shown no sign of withdrawing its decision. Opposing the 100% strategic sale of Visakhapatnam Steel Plant, representatives of Visakha Ukku Parirakshana Porata Committee have intensified the Ukku stir to mount pressure on the central government. VUPPC Chairman Mr D Adinarayana said “Our stand on VSP remains the same and will not allow any private player to step into the plant.”

Even in the past, the VUPPC members and employees have staged protests across the state in various forms. They include, a one crore signature campaign, padayatra, rallies, state wide bandhs, relay hunger strike, public meetings and rasta roko.

Recently, the officer’s organization of RINL has sought its merger with Steel Authority of India Limited. RINL Steel Executive's Federation of India’s recently elected President Mr Katam SS Chandra Rao told Bizz Buzz that their main promise is to fight for putting pressure on the authorities for remerger of RINL & SAIL for mutual benefit. He said “In this context we have the ray of hope that remerger with SAIL is quite possible. Both the PSUs are under the same ministry and RINL will be benefited due to mines owned by SAIL thereby providing it the much-needed raw material security. SAIL's fortunes will also be strengthened because of RINL's workforce and future prospects to undertake further expansion making use of its surplus lands.”

Visakhapatnam Steel Plant, which was set up after the 'Visakha Ukku Andhrula Hakku' agitation was separated from SAIL in 1982. VSP has undergone expansion of capacity to 7.3 million tonnes with an investment of INR 16,700 crore in recent years. Government of India is at present in the process of 100% privatization by appointing valuers and legal advisors notwithstanding opposition by the employees and the Andhra Pradesh Government, which adopted a resolution unanimously in the State Legislative Assembly.
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ArcelorMittal CLN Sells Stake in French AcierPlus

Strategic Research Institute
Published on :
27 Jun, 2022, 6:52 am

ArcelorMittal and Italy's CLN Group’s ArcelorMittal CLN Distribuzione Italia has sold 70% shares of French steel distribution company AcierPlus. 45% of shares were sold to AcierPlus Manager Mr Angelo Cazzolla, who already held 30% of AcierPlus shares. The remaining 25% were purchased by MA Srl, a company belonging to the CLN Group.

AcierPlus is a French joint stock company with operations in 2 sites: Hericourt and Ancenis. The company is mainly performing cutting, shaping and welding services on steel products. Main customers are active in the lifting, railway and construction equipment markets.

ArcelorMittal CLN had acquired AcierPlus back in 2016.

ArcelorMittal CLN ships around 1 million tonnes of steel products annually.
Bijlage:
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Mr Boris Johnson Pledges to protect Steel Industry in UK

Strategic Research Institute
Published on :
27 Jun, 2022, 6:53 am

The Mirror reported that British Government is poised to slap sweeping new steel tariffs on a host of nations in an attempt to woo Red Wall voters, but critics say it breaks World Trade Organization rules. Speaking at the G7 Summit in Bavaria, Mr Boris Johnson said “British steel firms should benefit from the same protections as European rivals. I think it's very important people understand the context of this, and that is that the UK steel industry has been going through a difficult time, partly because of the energy prices that I have been talking about.”

He said “We have a system in the UK where we don't privilege our industry in the way that some other countries do. They pay a very high price for energy; we need to fix that. We need British steel to be provided with much cheaper energy and cheap electricity for its blast furnaces but until we can fix that, I think it is reasonable for UK steel to have the same protections that other European, absolutely every other European steel economy does.”

Mr Johnson said there would be tough choices over what action to take. He said “The difficulty is that helping the industry possible to do while staying within our World Trade Organization obligations? That’s the problem.”
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MMK Stops 2 BF & Operating at 60% Capacity

Strategic Research Institute
Published on :
27 Jun, 2022, 6:53 am

Interfax Russia & Kommersant have reported that MMK's chairman Mr Viktor Rashnikov told a gathering at Chelyabinsk that Magnitogorsk Iron & Steel Works for the third month the plant has not been shipping products for export at all. He said “Due to the appreciation of the ruble and the introduced excise tax on liquid steel, the profitability of production has fallen to a minimum. We have experienced all sorts of crises, but this has never happened before. Profitability was 4% in May, and it would be good if we generate a profit in June of 1% here or 1.6% there, though this is generally dreadful. We have never operated like this. The production volumes are tonnes instead of the millions that we produced every month last year, while we load only 600,000 tonnes today and we have stopped two blast furnaces. We are working at 55-60% capacity. There is no profit here.”

Mr Rashnikov added that, "The investment program is being halted. In order to implement the investment program that we have today, we need to have at least 15% profitability. We need 7-8 billion rubles to earn in order to support the volumes that we have.”

Mr Rashnikov also noted that although coal and iron ore suppliers are lowering prices for supplied products, there is little room for maneuvering. He said “We are working with both ore and coal miners that are lowering [prices] in some areas, though not yet to the fullest, so to speak. However, they also have a margin that is not so large, and you cannot squeeze it, as the saying goes.”
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Legendry Dr V Krishnamurthy Passes at 97 in Chennai

Strategic Research Institute
Published on :
27 Jun, 2022, 6:56 am

Legendry Padma Bhushan, Padma Vibhushan & Japan’s The Grand Cordon of the Order of the Rising Sun awardee Dr Venkataraman Krishnamurthy, considered as the father of public sector undertakings in India, passed away on 26 June 2022 at his home in Chennai at the age of 97. His last rites will be performed today. He's the only person with enviable recognition of being the chief executive officer of Bharat Heavy Electricals, Maruti Udyog, Steel Authority of India and GAIL (India) etc. He was the founder chairman of Maruti Udyog Ltd and is known for working behind the introduction of the iconic Maruti 800.

Chairman & CEO Bharat Heavy Electricals Limited (1972–1977)

Secretary to the Government of India in the Ministry of Industry (1977–1980)

Founder Chairman & CEO Maruti Udyog Limited (1981–1990)

Chairman Steel Authority of India Limited (1985–1990)

Chairman & CEO GAIL (India) Limited (1985–1990)

Member Planning commission of India (1991–1992)

Dr Krishnamurthy was born on 14 January 1925 in in the temple town of Tamil Nadu's Karuveli. His grandfather was a wealthy landlord in his village Karuveli, in Thanjavur region. In 1930 due to floods in his village his family lost all the lands. They sold their house and left the village. He went with his mother to live with his uncle. His father went to Chennai to do business. His mother died when he was 11 years old. Because of their poor financial condition, his brothers had to discontinue education and go for employment. He started his illustrious career as a technician on the airfields during World War II before doing 3 year diploma in electrical engineering from CNT technical Institute in 1943. He started his career as an airfield technician during the Second World War. Later he passed competitive examination conducted by Union public services commission and joined Central Engineering Services in 1955. He held a Doctorate in Economics from the Soviet Academy of Sciences. He married Mrs Rajam and has two sons Mr Jayakar and Mr Chandra. He spent his final years in Chennai, supporting family company UCAL Fuel Systems in an advisory role.

In the academic field, he had served as the chairman of premier institutes like Indian Institute of Management Bangalore, IIM Ahmedabad, Indian Institute of Technology in Delhi, in addition to becoming the chancellors of Indian Maritime University and Central University of Tamil Nadu.
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US Steel Production Capacity Utilization Stays at 80% in Week 25

Strategic Research Institute
Published on :
28 Jun, 2022, 6:10 am

American Iron & Steel Institute announced that in week ending on 25 June 2022, domestic raw steel production was 1.750 million net tons while the capability utilization rate was 80.2%. Production was 1.844 million net tons in the week ending 25 June 2021 while the capability utilization then was 83.0%. The current week production represents a 5.1% decrease from the same period in the previous year. Production for the week ending 25 June 2022 is down 0.5% from the previous week ending 18 June 2022 when production was 1.758 million net tons and the rate of capability utilization was 80.5%.

Southern: 745 KNT

Great Lakes: 583 KNT

Midwest: 208 KNT

North East: 149 KNT

Western: 65 KNT

Adjusted year-to-date production through June 25 2022 was 44.166 million net tons, at a capability utilization rate of 80.7%. That is down 2.0% from the 45.050 million net tons during the same period last year, when the capability utilization rate was 79.4%.
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Baowu, HBIS, Ansteel, Shougang & CITIC Pecific’s Brands Recognized

Strategic Research Institute
Published on :
28 Jun, 2022, 6:13 am

China Knowledge reported that China Baowu Steel Group, HBIS Group, Ansteel Group, Shougang Group and CITIC Pacific Special Steel have won the 2022 Global Influential Brand for the Steel Industry category. The China Steel Brand organized by China Metallurgical News, is an authoritative publisher recognized within the industry. This year's brand evaluation integrates factors such as market, business performance, brand impact and environmental considerations like low-carbon indicators.

The steel cord products of Qingdao Special Iron and Steel, a subsidiary of CITIC Pacific Special Steel was awarded the 2022 Most Competitive Product category in the country’s metallurgical industry. As a leading special steel producer in China, CITIC Pacific Special Steel regards brand building as an important core development. The group focuses on product variety, quality and production efficiency; and strives to build professional and ‘intelligent’ brand management system that aligns international outreach. In addition, it prides itself on sustainable development in order to accomplish its vision and goals of the world's most competitive special steel enterprise group.

Just a week ago, the China-Europe freight train Yangtze River was launched departing from Huangshi, the capital of mining and metallurgy, in Hubei Province. This train loaded with 500 tons of special steel was produced by Daye Special Steel (a subsidiary of CITIC Pacific Special Steel) and could reach Europe directly without transit. This saves about one month of transportation compares to the maritime route. Affected by the pandemic in recent years, shipping ports often experience delayed transshipment and associated high freight rates. The newly-built rail route will greatly boost the export of company’s steel products with higher transportation efficiency, lower logistics costs, and will further expand the company’s international market.
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Vessel Owners Facing New Norms in Ship Breaking Activity

Strategic Research Institute
Published on :
28 Jun, 2022, 6:15 am

World's leading cash buyer of ships for recycling GMS said that “All of the major global recycling markets remain in turmoil for yet another week, with very few offers forthcoming, matching the near invisible number of units currently available for recycling, in addition to an utter lack of confidence from Recyclers across all locations that any sort of recovery is quite clearly not in the ropes anytime soon. There is the ongoing excruciating reminder that there are virtually no candidates to work on, as most Ship Owners are abstaining from recycling vessels from their aging fleets that have surprisingly found profitable chartering businesses across their respective sectors. For those Owners with absolutely no other option on their near recycling-age units, other than a costly drydock & BWTS installations to consider, it would be a rude and jarring awakening to the fact that the sub-continent markets have tumbled well below USD 600/LDT, and as such, offers beginning with USD 5XXs/LDT should now be considered the new norm.”

GMS said “This is an astonishing fall from the exceptional numbers seen recently that were well in-excess of USD 700/LDT and that too only a few short months ago, certainly a well timed achievement for the lucky few Ship Owners who managed to conclude their units at these remarkable levels.”

GMS added “On the West end, Turkey seems to be the hardest hit with steel plate prices, import and local steel, continuing their nosedive into the abyss, with vessel prices being the hardest hit.”

GMS also said “Notwithstanding, as vessels of 20 and even 25 years of age continue to trade and make money, there seems even less of a need for experienced Cash Buyers to panic, as there is certainly the opportunity to do a quick run or two on these aging units, just to ensure they break even on the deal. As such, it certainly seems destined to be a noticeably muted summer / monsoon season ahead, with all markets deprived of tonnage, a monsoon season that is already hammering Chattogram, and collapsing fundamentals contributing to the near comical state of affairs, especially as this new reality on lower prices starts to bite.”

GMS Price Assessment - India/Bangladesh/Pakistan – Week 25

Dry Bulk – USD 570-600 per LDT

Tankers - USD 580-610 per LDT

Containers - USD 590-620 per LDT
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3 Workers Injured In Sanjia Steel Plant Explosion in Philippines

Strategic Research Institute
Published on :
28 Jun, 2022, 6:18 am

Manila Times reported that Cagayan De Oro City in Northern Mindanao in Philippines based Chinese steel maker Sanjia Steel Corp’s high temperature hydraulic oil hose that feeds a hot furnace in the processing of steel exploded, injuring three Filipino workers on 24 June 2022. Sanjia Steel’s spokesman Mr Leo Liu told Manila Times that “The steel plant adopts all safety measures in line with the Philippine government laws and regulations and the rumors about the death of the two Filipino workers because of the explosion are not true.”

Provincial Board’s Committee on Environment Member M Boboy Sabal said that he will conduct an investigation to determine if there was a violation or negligence on the part of Sanjia Steel Corp. Mr Sabal said “His committee has received only sketchy reports about the alleged explosion in the steel plant. We will invite stakeholders to shed light about the incident.”

The PHP 800 million steel manufacturing plants started its ground works structural development in the 22-hectare lot in the Phividec Industrial Estate in Tagoloan in Misamis Oriental in 2019 and started operations in 2020.
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Steelworkers Deserve Better at Stelco as Contract Talks Stall- USW

Strategic Research Institute
Published on :
28 Jun, 2022, 6:21 am

United Steelworkers Union has started negotiations for a new collective agreement at Stelco in Nanticoke in Ontario in Canada with key issues at the bargaining table are wages, benefits and pensions. United Steelworkers Union Local 8782 President Mr Randy Graham said “Stelco has the wallet to handsomely reward its shareholders and to buy in to the Hamilton Tiger Cats football club. You can see Stelco signage all over the stadium at games. Well, it’s time to recognize the workers that are doing the hard work that contributes to the company’s success.”

Mr Graham said “Other large Canadian industrial companies like Bombardier and ArcelorMittal Long Products are paying their workers 18-26% increases over five or six years. Our members see that and they know they deserve to keep pace. Instead, the company is offering to shuffle around our pay and bonuses to disguise the fact that there’s only a small overall increase.”

The union filed with the Ontario Labor Relations Board on 22 June 2022 requesting a conciliator. Members of the union will take part in a strike authorization vote on 27 June 2022.

Over 1,000 USW members work at Stelco’s Nanticoke operations in production and skilled trades, producing hot-rolled coil steel. The current five-year collective agreement expires on June 30, 2022.
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Hoa Phat to Bring Steel Production to Next Level with Primetals

Strategic Research Institute
Published on :
28 Jun, 2022, 6:23 am

Vietnamese steel maker Hoa Phat Dung Quat Steel has awarded Primetals Technologies with a contract for process and technology consulting services for their integrated steel plant in Dung Quat in Quang Ngai Province of Vietnam. According to Hoa Phat, the goal of the process and technology consulting services is "to study existing production performance and advice on possible improvements in product quality as well as on conversion cost reduction.

Primetals Technologies experts will study the plant, produce a comprehensive process, equipment, and technology audit, present a plant performance evaluation regarding production and quality, and explore possible optimization areas to improve operational expenditure and increase Hoa Phat's competitiveness. Each recommended improvement will receive a priority ranking to support the Hoa Phat team in evaluating the proper measures and implementations to achieve higher performance.

The facility was supplied a few years ago by third-party suppliers and includes a blast furnace, BOF-based meltshop and a thin slab casting and rolling plant for producing hot-rolled coils, which was started up in 2019.

The basis of which is the ongoing cooperation in developing the new 6 million tonne per-year slab caster and 5.5 million tonne hot strip mill project, including the Through-Process Optimization quality control system and the Asset Life Expert ALEX intelligent digital assistant. At present, this significant project is in the advanced engineering phase.
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Sims Limited Appoints Mr Thompson as Chief Commercial Officer

Strategic Research Institute
Published on :
28 Jun, 2022, 6:25 am

Mascot NSW Australia headquartered global metal recycling giant Sims Limited has appointed Mr Robert Thompson as its Global Chief Commercial Officer. Mr Thompson previously held the position of Vice President Sales & Marketing at Gerdau Long Steel North America. He brings more than 30 years of commercial and operational metal recycling and steel experience to Sims Metal, commencing on 11 July 2022. At Sims, Mr Thompson will have global responsibility for shipping and chartering, as well as both ferrous and non-ferrous material buying and processed material sales. In addition to holding this principal commercial role, Mr Thompson will also be an integral member of the executive leadership team. His extensive management experience and perspective will allow him to immediately contribute toward achieving the company’s strategic goals.

Mr Thompson joined Gerdau North America in 2004 as Vice President and General Manager of the Ameristeel Recycling business. He has since held several roles with increasing responsibilities in commercial, operations and logistics in Gerdau’s Metallics and Raw Materials divisions until his most recent position leading sales and marketing for Gerdau’s North American Long Steel business. Rob and his family also spent several years in Brazil, where he had responsibilities spanning Europe, Latin America and North America.

Prior to his tenure at Gerdau, Mr Thompson spent 15 years at metal recycling companies, initially starting as a scale operator and then spending several years as a commercial trade buyer and ferrous products trader.

Mr Thompson received his Bachelor of Arts in Economics from the University of Toronto.

Founded in 1917, Sims Limited is a global leader in metal recycling and providing circular solutions for technology, and an emerging leader in the municipal recycling and the renewable energy industries. Its approximately 4,000 employees operate from more than 200 facilities across 15 countries.
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Trinecke zelezarny Upgrading Equipment for Unloading of Materials

Strategic Research Institute
Published on :
28 Jun, 2022, 6:27 am

Trinec Czech Republic based long steel producers Trinecke zelezarny has started construction of a new facility for unloading of key raw materials. The modern rail unloading system, which is part of the Innofreight rail transport system, will replace the existing unloading equipment for commodities imported by rail. Innofreight's modular technology is based on weight-optimized rail cars with the possibility of using different types of interchangeable superstructures containers. Innofreight's modular system for transporting and unloading raw material inputs includes the most suitable combination of rail cars and containers for the goods being transported and a stationary unloading machine including the shunting equipment. The investment in Trinecké železárny into the siding infrastructure exceeds CZK 300 million and is going to be completed this year.

Digitalization and automation during the unloading and data processing means shorter dwell times for wagons on the sidings. The unloading technology eliminates the need for manual finishing, the process takes place automatically. The stationary unloading machine will be installed by the workers in the area of the current tipplers this year later. It is configured to meet the specific requirements of the Trinec steelworks.

Thanks to the new wagons, one train is able to transport a higher volume of powdered ores and basic additives. This means a reduction in track capacity requirements and the number of rail car manipulations. More efficient transport leads to further CO2 emissions reductions to air and fuel consumption.

The environmental sustainability concepts of the supply chain are in connection with the company's strategy in order to minimize its carbon footprint.

The company also uses modern Innofreight systems for transporting its own production. Since 2017, in close cooperation with the carrier CD Cargo, the transport of semi-finished metallurgical products has been carried out using Sggrrs series vehicles equipped with so-called Steel Pallets. The result is an increase in energy efficiency and transport efficiency. While only in 2021, more than 340,000 tonnes of goods were transported
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Benteler Opens New Drawing Line at Paderborn Steel Tube Mill

Strategic Research Institute
Published on :
28 Jun, 2022, 6:30 am

Paderborn Germany based BENTELER has opened a new drawing line at the Paderborn steel tube mill on 22 June 2022 after two years of construction. For this automotive supplier Stabilus, among others, BENTELER will also manufacture precision steel tubes at the new drawing line. The company has invested a double-digit million euro sum in the plant. The Steel & Tube division is thus strengthening the Schloss Neuhaus and Paderborn manufacturing cluster and expanding its market position in individual tube solutions for highly specialized applications in the automotive industry.

The new production line for welded tube applications has an annual capacity of 12,000 tonnes. For this purpose, a completely new, innovative infrastructure was created in the production hall for the drawing bench, which includes an integrated testing facility. More than 1,150 tonnes of concrete, around 31 tonnes of reinforcing steel and more than 1.7 kilometers of cable for supply lines weighing 7.7 tonnes have been installed in the past two years.

The tubes BENTELER produces on the new line are predominantly used in the automotive sector. For customers, it is important that they can rely on innovative tube solutions designed to meet the requirements of the end product.

Benteler International AG is a holding company in German family ownership. The Group companies operate worldwide in the fields of automotive technology, steel and tube production and engineering. The headquarters of Benteler International AG is in Salzburg in Austria. The owner is the Benteler family. Under the umbrella of the holding company BENTELER International AG, based in Salzburg in Austria, the Group is structured in the Divisions of BENTELER Automotive and BENTELER Steel & Tube. As well as BENTELER International AG, BENTELER Business Services GmbH, based in Paderborn, Germany, also carries out additional holding functions.
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NMDC’s Nagarnar Steel Plant to Start in September - Report

Strategic Research Institute
Published on :
28 Jun, 2022, 6:32 am

Financial Express reported that state run iron ore miner NMDC’s three million tonne per annum steel plant at Nagarnar in Chhattisgarh is likely to be commissioned towards the end of September. As per FE report, NMDC has spent INR 20,240 crore as of May 2022 & is likely to spend another INR 1,700 crore as mostly commissioning-related milestone payment. FE report says that the project has seen cost overrun of around INR 7,000 crore as initially it was estimated that the steel plant would require around INR 15,525-crore investment and would go on stream by March 2015.

As per FE report “Various issues, including naxalite agitation and delays in implementing various packages by the vendors, including BHEL, commercial disputes with the contractors, delays in land acquisition for the slurry pipeline and COVID induced lockdowns among others have led to the delay in commissioning.”

Earlier in February NMDC had said that it expects to begin operations from July 2022. NMDC's Director Finance Mr Amitava Mukherjee had said "We have started the coke oven heating process in the steel plant and we are expecting production from the coke oven maybe by the end of March or beginning of April. We will roll out finished product from July.”

According to earlier media reports, the timeline of commissioning were

1. Coke Oven Battery 1 Heating – Jan’22

2. Coke Oven Battery 2 Heating – Feb’22

3. Sinter Plant – Mar’22

4. Coke Oven Production –Apr’22

5. Sinter Plant Trial – May’22

6. Blast Furnace Blowing – Jun’22

7. HSM Commissioning – Jul’22

But The Hindu’s Business Line reported in early June that commissioning was delayed by at least three months due to burning of motor which has in turn stalled commissioning of the oxygen plant as the equipment maker BHEL has indicated six months timeline for repair of motor.
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UK to Consult with WTO Members on Steel Tariffs

Strategic Research Institute
Published on :
28 Jun, 2022, 6:35 am

Bloomberg reported that the UK government said that it will consult with other countries at the World Trade Organization on its plan to extend steel tariffs, after Prime Minister Mr Boris Johnson said it was reasonable to use them to protect Britain’s domestic industry. Mr Johnson’s spokesman Mr Jamie Davies told reporters, ahead of 30 June deadline when some of the tariffs will expire, and said “No decision has yet been taken. The decision will balance our international obligations and the national interest. Continuation of the steel tariffs last year had widespread party and industry support. We will consult with WTO members this week.”

Mr Johnson told reporters at the Group of Seven summit in Germany on Sunday “We need British steel to be provided with much cheaper energy and cheap electricity for its blast furnaces. But until we can fix that, I think it is reasonable for UK steel to have the same protections that other European, absolutely every other European steel economy does. The difficulty was in addressing the issue while remaining within WTO obligations. But these are tough choices that you have to make.”

UK has proposed to extend safeguard tariffs and quotas on certain steel products for a further two years, after International Trade Secretary Ms Anne-Marie Trevelyan said that ending them may cause serious injury to British producers. On Sunday, Johnson said UK steel ought to enjoy the same protections as in other European economies.
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JSW Steel Selects Danieli Centro Maskin Slab Grinding Technology

Strategic Research Institute
Published on :
28 Jun, 2022, 6:38 am

Indian steel giant JSW Steel has awarded Danieli Centro Maskin the order for a new Super Grinder plant to be installed at Dolvi in Maharashtra. The new, benchmark slab-inspection and -grinding plant will process a wide array of ultra low, low and medium carbon grades and alloy steel grades, with an average of 2-mm removal-depth. Structured in two phases, the project will start with the supply of a first grinding unit equipped with the latest-generation, 710-kW power oil-lubricated spindle that will initially ensure an output of approximately 800,000 tonnes per year. With the installation of the second grinding unit in phase II, the Super Grinder plant will reach an overall output of 1.3 million tonnes per year.

The new Super Grinder plant will start operation by summer 2023.

Featuring a U circuit plant layout, a newly designed edge grinding unit with double-grinding cart configuration will serve the two grinders. The plant will feature exclusive Danieli Automation TWS platform, along with the E-Cube, Hi-Grind and CastGrind technologies for processing hot slabs up to 800 degree Celsius. The new JSW plant also will feature the latest-generation IntelliGrind surface-defect inspection system, which makes use of combined high-definition image acquisition and laser sectioning, with functions for automatic detection and classification.

This project will represent one of the most important technology milestones for slab conditioning, reconfirming Danieli Centro Maskin solid technology and market leadership.
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Vertraagd 10 aug 2022 17:37
Koers 24,865
Verschil +0,680 (+2,81%)
Hoog 24,940
Laag 24,110
Volume 3.197.393
Volume gemiddeld 4.602.374
Volume gisteren 2.615.109

Brussel real time stocks quotedata by Euronext. Other real time EU stocks, by Cboe Europe Ltd.; US stocks by NYSE & Cboe BZX Exchange, 15 min. delayed
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