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1. voda 21 november 2022 06:55

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   Turkish Researcher Model Hail Impact on Steel Roofing Sheets
   
   Strategic Research Institute
   Published on :
   21 Nov, 2022, 5:18 am
   
   Aydin Turkey based Adnan Menderes University’s Civil Engineering Faculty Professor Mehmet E Uz has published results of “Modeling the Impact of Hailstones on Flat Steel Roofing Membranes for Residential Buildings” in Nature.
   
   Metal roof panels are commonly used on residential and commercial buildings. Steel panels exposed to hail have not yet been adequately tested for dent resistance. A finite element model was used to analyze the entire test setup. To compare artificial hailstones with natural hailstones, which remained intact after impact, different steel sheets were struck by different sizes of artificial hailstones at different terminal velocities. The simulation and the material properties are assessed by comparing the experimental results with the FE model. An equation to predict the dent depth based on kinetic energy and stress is also presented.
   
   The following factors are considered in this study: sheet thickness, material thickness, batten spacing, distance of the dent center of gravity from the closest edge and hail size. For inelastic steel, the dent depth is independent of the hailstone diameter. A smaller hailstone with a larger impact produces a similar permanent dent and the same impact energy as a larger hailstone with a smaller impact. The plastic distortion noted with the proposed equation agrees well with the experimental results. The dent depth in this case is not inversely proportional to the square root of the plate thickness or to the vibration-induced yield stress.
   
   The FE models were not able to provide accurate predictions of deformation depths shown in experiments compared to analytical models. Numerical models were able to accurately represent approximately 82% of the experimental results of permanent deformation of the plate. The elastic response of steel plates is generally overestimated by FE models. It is also necessary to conduct a separate study to accurately determine the strain sensitivity of the artificial hailstone in relation to the hardness of the hailstone, which determines the impact force at the point of contact.
   
   Based on these findings, new design methods for hail-resistant steel sheets can be developed that have a wider range of applications. A resistance factor of 0.80 is recommended for use with the equation in order to achieve the target reliability index of 4. Relative to the current AISC specification’s equation, which has a resistance factor of 0.75 as specified in the code, the use of the proposed equation will facilitate structural design that are more economical yet reliable.
   
   The results of this study provide a better understanding of the failure modes of hail and roof panels and their effects on dent resistance. In this study, the results of observations and numerical simulations agreed well with those of analytical models. The result is that the proposed equation overestimates the dent depths compared to the dent depths obtained with finite element models, while the equation leads to an underestimation of the dent depths found in the steel sheets.
2. voda 21 november 2022 06:56

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   Cenergy Reports Strong Results for Jan-Sep’22
   
   Strategic Research Institute
   Published on :
   21 Nov, 2022, 5:19 am
   
   Greek steel pipe maker Corinth Pipe Works parent Cenergy Holdings has reported that its revenue reached EUR 1.04 billion in January-September 2022, 36% higher than prior year's corresponding period and consolidated profit before tax surged by 51% YoY to EUR 53.1 million with net profit after tax at EUR 44.1 million, up 44% YoY.
   
   Cenergy CEO Mr Alexis Alexiou said “The strong performance recorded throughout Q3 of 2022 confirms Cenergy Holdings' momentum anchored in its vision towards value creation in energy transition markets. Throughout the quarter, we achieved utilization across all our production lines in both segments, a performance which allowed the Company to demonstrate record-high quarterly sales. The robust sales growth was coupled with improved profit margins and drove our pre-tax profitability to a noteworthy year-on-year increase. Furthermore, recent awards in both segments boost our order backlog even further and offer comfort for a positive ending of the year.”
   
   Cenergy said “The successful tendering activity continued without disruptions for both segments with total order backlog reaching EUR 1.75 billion as of September 30, 2022, the highest level ever achieved by the Group, 59% higher than June 30th. Commercial teams of both pipe & cable segments secured some important orders from July to September 2022, such as
   
   Alexandroupolis FSRU pipeline in Greece awarded by Saipem
   
   Ostwind 3 turnkey export cable contract in Germany awarded by 50Hertz
   
   Fenix offshore gas pipes contract in Argentina awarded by Outlook
   
   It added “The steel pipes segment has left behind a challenging first semester where the focus has been on securing capacity utilization and is looking forward to a positive end of the year, as the solid backlog built during the last months blends with a higher profit margin project mix. As market conditions improve, so is the order backlog, providing comfort for next year.”
3. voda 21 november 2022 06:57

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   Olympic Steel’s Chairman Gets Israeli Presidential Medal of Honor
   
   Strategic Research Institute
   Published on :
   21 Nov, 2022, 5:20 am
   
   US’s leading metals service center Olympic Steel has congratulated Company’s Executive Chairman of the Board Mr Michael D Siegal for receiving the Israeli Presidential Medal of Honor, which is the highest civil medal awarded by the President of Israel for outstanding contributions to the State of Israel or to humanity.
   
   Mr Siegal earned this recognition for his many contributions to the State of Israel and his lifelong support of Jewish people around the world. He has served in a variety of roles, both publicly and behind the scenes, in organizations that advocate for the advancement of Jewish individuals and causes, including Chairman for the Jewish Agency Board of Governors, Chair of the Development Corporation for Israel (Israel Bonds), and Board Chair of the Jewish Federations of North America and of the Cleveland Jewish Federation.
   
   Mr Siegal joined Olympic Steel, then a privately held family company, in 1974 and became a member of the Company’s Board of Directors in 1984. As the Company’s CEO from 1984 through 2018, he orchestrated seven acquisitions, three major expansions and three Greenfield startups. He also led Olympic Steel’s initial public offering in 1994 and a secondary public offering in 1996. During this tenure, the Company grew from annual revenues of USD 35 million to more than USD 1 billion.
   
   Mr Siegal previously served on the Board of Directors for Cleveland-Cliffs Natural Resources, MSCI, University Hospitals of Cleveland, Rock & Roll Hall of Fame, and Twin City Fan Companies.
   
   Founded in 1954, Olympic Steel is a leading US metals service center focused on the direct sale of processed carbon, coated and stainless flat-rolled sheet, coil and plate steel, aluminum, tin plate, and metal-intensive branded products. The Company’s CTI subsidiary is a leading distributor of steel tubing, bar, pipe, valves and fittings, and fabricator of value-added parts and components. Headquartered in Cleveland, Ohio, Olympic Steel operates from more than 42 facilities in North America.
4. voda 21 november 2022 06:57

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   AML3D Expands Oil & Gas Presence with New Order of Chevron
   
   Strategic Research Institute
   Published on :
   21 Nov, 2022, 5:20 am
   
   3D printing pioneer Australian AML3D has entered into a purchase order on standard commercial terms valued at approximately AUD 215,000 with Chevron Australia to produce 2 subsea pipeline fittings using AML3D’s patented Wire Additive Manufacturing advanced 3D metal printing technology solution.
   
   Under the order, AML3D will manufacture next generation large-scale, steel pipeline fittings to meet both American Society of Mechanical Engineers and American Petroleum Institute standards. Once produced, the fittings will undergo rigorous, independent mechanical testing to validate the suitability of AML3D’s WAM technology for use in subsea programs. The WAM manufactured fittings will include materials to improve corrosion resistance in extreme and hostile environments.
   
   The Chevron order builds on AML3D’s track record of advanced manufacturing for the Oil and Gas industry. The Chevron purchase order follows AML3D’s successful 3D metal printing of an 8 tonne commercial pressure vessel for a separate Tier One Oil and Gas Client and the world’s largest certified high pressure, subsea piping spool.
   
   AML3D Limited, a publicly listed technology company founded in 2014, utilises new technologies to pioneer and lead metal additive manufacturing globally. Disrupting the traditional manufacturing space, AML3D has developed and patented a Wire Additive Manufacturing process that metal 3D prints commercial, large-scale parts for Aerospace, Defence, Maritime, Manufacturing, Mining and Oil & Gas. AML3D provides parts contract manufacturing from its Technology Centre in Adelaide, Australia, and is the OEM of ARCEMY, an industrial metal 3D printing system that combines IIoT and Industry 4.0 to enable manufacturers to become globally competitive.
5. voda 21 november 2022 06:58

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   AFV Beltrame’s COS Targoviste Swings to Profit in Jan-Sept’22
   
   Strategic Research Institute
   Published on :
   21 Nov, 2022, 5:21 am
   
   Italian steelmaker AFV Beltrame’s Romanian special steel plant COS Targoviste has reported LEI 103.5 million lei (EUR 21 million) net profit in the first nine months of 2022, from a net loss of LLEI 22.4 million during the same period of 2021 on the back of its insolvency procedures and the consequent sale of its assets
   
   COS Targovite’s total revenues jumped to LEI 256.1 million during the first nine months of 2022, from LEI 8.9 million in the same period of 2021. Expenses soared to LEI 152.6 million during January-September 2022, from LEI 31.3 million LEI in the year ago period.
   
   Total assets shrunk to LEI 70.9 million at the end of the first nine months of 2022, from LEI 194.9 million at the end of 2021. Debt almost halved, reaching LEI 281.5 million at end-September, compared to LEI 508.3 million owed at the end of 2021. Following its asset sales, COS Targoviste covered outstanding wages, as well as debts to the state budget, while partially settling current debts incurred during the insolvency procedure.
   
   Founded in 1969, COS Targoviste is a producer of billets and steel products like rebars & rounds in Romania. Since February 2013, it has been in insolvency proceedings for reorganization. In March 2013, the production activity successfully resumed. In March 2022, Italian steel bars and special steels manufacturer AFV Beltrame Group announced that it had acquired the functional production assets of COS Targoviste, through its Romanian subsidiary Donalam. Following the acquisition, Beltrame added that it plans to invest EUR 200 million to upgrade the Targoviste special steel plant and build a photovoltaic park with an installed capacity of 100-120 MW.
6. voda 21 november 2022 06:58

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   US DOC Fixes AD Duty for Large Diameter Welded Pipe from Korea
   
   Strategic Research Institute
   Published on :
   21 Nov, 2022, 5:21 am
   
   The US Department of Commerce has determined that Hyundai RB made sales of large diameter welded pipe from Korea at prices below normal value and that Hyundai Steel did not make sales of the subject merchandise at prices below NV during the period of renew of 1 May 2020 to 30 April 2021. US DOC further determined that sales by the non-individually examined companies were made at prices below NV. The review covers 20 producers or exporters of subject merchandise.
   
   As a result of this review, US DOC determined the following weighted-average dumping margins exist for the POR:
   
   Hyundai RB - 2.67%
   
   Hyundai Steel - 0.00%
   
   Non-Examined Companies - 2.67%
   
   The merchandise covered by the Order is welded carbon and alloy steel pipe (other than stainless steel pipe), more than 406.4 mm (16 inches) in nominal outside diameter (large diameter welded pipe), regardless of wall thickness, length, surface finish, grade, end finish, or stenciling. Imports of the product are currently classifiable in the Harmonized Tariff Schedule of the United States under subheadings 7305.11.1030, 7305.11.1060, 7305.11.5000, 7305.12.1030, 7305.12.1060, 7305.12.5000, 7305.19.1030, 7305.19.1060, 73O5-19-5OOO, 7305.31.4000,7305.31.6090, 7305.39.1000 and 73O5-39-5OOO.
7. voda 21 november 2022 06:59

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   NCLTA Upholds NCLT Order Allowing JSL to bid for Rathi Super Steel
   
   Strategic Research Institute
   Published on :
   21 Nov, 2022, 5:23 am
   
   Appellate tribunal NCLAT has upheld the NCLT order to allow Jindal Stainless to participate in the auction of Rathi Super Steel even after a bidder was selected. The NCLAT said “The Adjudicating Authority NCLT did not commit any error in taking note of the offer made by Respondent No 1 JSL who made an offer of initial INR 190 crore and revised offer was INR 201 crore, much higher than the one on which Appellant was declared successful bidder.”
   
   In the e-auction, Rimjhim Ispat & Synergy Steel had emerged as the highest bidder with INR 177.50 crore offer for Rathi Super Steel as a going concern and a letter of intent was also issued to the company on July 1, 2021.
   
   However, on October 3, 2021, JSL approached the NCLT and filed an application for consideration of its bid for acquiring Rathi Super Steel as a going concern. JSL had offered INR 190 crore payable within 90 days from acceptance of the bid. On this the Delhi-based Principal Bench of the NCLT had on September 28, 2022, directed JSL to deposit EMD of INR 50 crore within three days of the pronouncement of order. The NCLT further directed to proceed to hold another auction between successful bidder Rimjhim Ispat and the other two bidders namely Adya Oversees and Bansal Wire Industries within seven days of this order. Moreover, the insolvency tribunal had also fixed a reserve price of INR 201 crore for the auction and said if JSL fails to fulfill the pre-deposit condition then the liquidator can confirm the sale to the highest bidder Rimjhim Ispat and proceed to collect the balance amount. This was challenged by Rimjhim Ispat and Synergy Steel before the appellate tribunal, which passed an interim order adjourning the auction for 15 days.
8. voda 21 november 2022 06:59

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   Metalloinvest Launches Enrichment Complex at Mikhailovsky GOK
   
   Strategic Research Institute
   Published on :
   21 Nov, 2022, 5:22 am
   
   Russian iron ore miner & steelmaker Metalloinvest has launched a pilot operation of a concentrate enrichment complex CDP at the Mikhailovsky GOK named after AV Varichev. In the new pre-enrichment housing, with investment of RUB 15 million, various types of concentrate with an iron content of up to 71% and a low content of silicon dioxide will be produced. The total production volume will be up to 16.4 million tonnes per year.
   
   This will make it possible to obtain a concentrate for the subsequent production of blast furnace pellets with improved characteristics and pellets for metallization DR-grade. By improving the quality of pellets, Mikhailovsky GOK will expand export opportunities and strengthen its position in the Russian market.
   
   The use of high-quality pellets of Mikhailovsky GOK will allow consumers to reduce emissions during steel smelting using the blast furnace converter technology by 7-19%, and using the electric furnace" technology by 47%.
   
   KDO implements technology using fine wet screening, pre-grinding and flotation. The main equipment includes 24 high-performance screens, 3 energy-efficient vertical mills of ultra-fine grinding, 58 flotation pneumatic mechanical units.
   
   The construction of the new production started in 2020. A building with a length of almost 150 meters and a height of over 30 meters was erected. The total area of production facilities is about 10 thousand square meters.
9. voda 21 november 2022 07:00

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   Rama Steel Tubes Examining Acquisition Opportunities
   
   Strategic Research Institute
   Published on :
   21 Nov, 2022, 5:24 am
   
   India’s leading steel pipe maker Rama Steel Tubes Board has discussed in details he matter with respect to acquisition of business of companies engaged in similar line of business which will help in integration of businesses. For the said purpose the Board formed a committee to explore possibilities for acquisition of companies engaged in similar line of business. The committee is directed to prepare a detailed report on the same for the consideration of the Board.
   
   c expects its 30,000 tonnes per year capacity expansion at Khopoli plant to be commissioned by 2022 end, as will its new 20,000 tonnes per year Nigeria-based plant. Once completed, the producer will have an overall tube making capacity of 300,000 tonnes per year.
   
   Rama Steel Tubes is also in the process of modernising its Sahibabad plant, with a major goal of de-bottlenecking operations, which will result in increased yield per tonne of finished product. The first phase of this work will be completed by 2022 end.
   
   Backward integration efforts at the plant in Anantpur District in Andhra Pradesh, involving the installation of cold rolling and galvanizing lines, will lead to an in-house raw material support of 50,000 tonnes per year in the coming years
   
   In the first half of the fiscal year through March 2023 Rama’s sales surged 68% YoY to 78,609 tonnes while revenue rose 75% YoY to INR 595 crores but net profit fell 36% to INR 9 crores due to higher costs.
   
   Established in 1974 by Mr HL Bansal, Rama in one of the most trusted and established names in the Steel Tube and pipe market in India. Its range includes MS ERW black pipes from 15mm to 200mm diameter pipes and GI Pipes from 15mm to 150mm NB in light, medium, and heavy sizes.
10. voda 21 november 2022 07:00

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    SAIL BSL & CSIR NML Sign MOU for Steel R&D
    
    Strategic Research Institute
    Published on :
    21 Nov, 2022, 5:23 am
    
    A Memorandum of Understanding was signed between Steel Authority of India Limited’s Bokaro Steel Plant and CSIR’s National Metallurgical Laboratory at Bokaro Steel Plant. The objective of this MoU is to pursue joint research & development projects, including those related to innovation, fundamental research and technology development, between CSIR-NML Jamshedpur and SAIL-BSL leading to New Product Development, Improvement in the Quality of products and raw materials and reduction in specific energy consumption and CO2 footprint etc.
    
    SAIL BSL elaborated that this MOU will lead to joint research and development projects in different areas of steel plant including improvement in the quality of product and raw material and reducing the CO2 footprint of steel production at SAIL-Bokaro Steel Plant.
    
    CSIR-NML expects a good number of collaborations in core R&D areas related to steel making and Industry-4.0 and digital transformation.
11. voda 21 november 2022 07:02

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    RHI Magnesita to Acquire Refractory Business of Dalmia Bharat
    
    Strategic Research Institute
    Published on :
    21 Nov, 2022, 5:24 am
    
    Leading global supplier of refractory products RHI Magnesita has announced the acquisition of the Indian refractory business of one of India’s leading refractory players Dalmia Bharat Refractories Limited. The acquisition will take place via a Share Swap Agreement in exchange for 27 million shares in RHI Magnesita India Limited. Based on the issuance price of RHI Magnesita India Limited at INR 632.5029 per share, the share consideration had a value of approximately INR 1,708 crore
    
    Through the consolidation of DBRL’s production into RHI Magnesita’s existing operations, significant network optimization synergies will be captured. The company employs approximately 1,200 people in India and has production capacity of more than 300,000 tonnes of refractory annually, from five refractory plants and raw material sites. The acquisition will add production capacities in important industrial regions in the south and west of India where RHI Magnesita currently has no assets.
    
    The acquisition will significantly increase RHI Magnesita’s presence in the fast-growing Indian refractory market, with forecast steel production growth in India of 12% in 2022 and a 7-8% compound annual growth rate until 2030.
    
    Established in 1954, Dalmia Bharat Refractories Limited, previously Shri Nataraj Ceramics and Chemical Industries, is a leading India-based producer of high alumina refractory bricks for the Indian cement industry. DBRL provides a complete line of services including refractory design and layout for Greenfield projects, refractory application and maintenance. DBRL offers end-to-end refractory products, solutions and services to customers in over 40 countries and is one of the oldest and leading suppliers of refractories to cement plants in India and the Middle East and North Africa region.
12. voda 21 november 2022 07:03

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    Danieli to Supply Coiled Spooled Bars Line to Pittini’s Potenza
    
    Strategic Research Institute
    Published on :
    21 Nov, 2022, 5:25 am
    
    Italian steelmaker Pittini Group has relied on Danieli for a new line for the production of quality spooled bars in coils, to be installed in Potenza in Italy, downstream the existing bar mill. Composed of 18 rolling stands, the rolling mill will feed a new 4-pass semi multi-drive finishing block to produce from 10 to 16 mm spooled bars in coils up to two tons now, and up to five tons with addition of a K-Weld machine in future.
    
    Furthermore, to ensure better and more uniform metallurgical characteristics a Danieli Multistage Soft Quenching SQ2 process will be provided.
    
    The project foresees a future second phase in which a new two-pass, multi-drive block will be installed to enlarge the product range up to 25-mm-dia.
    
    The start-up is scheduled for Q2 2024.
    
    Danieli and Pittini Group recently and successfully started-up at the Ferriere Nord plant in Osoppo, Italy, a new, sixth generation K-Weld machine which in addition to confirmed reliability allows shorter cleaning operations, reducing to 50% the time previously required.
13. voda 21 november 2022 07:05

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    Tata Steel UK Implementing Topscan at Blast Furnace 5
    
    Strategic Research Institute
    Published on :
    21 Nov, 2022, 5:26 am
    
    Cutting-edge digital technology, which captures 1000 data points every 10 seconds, is giving Tata Steel UK’s technicians an uninterrupted 3D view of the material being laid into the top of its two Port Talbot blast furnaces saving costs, energy and CO2. This latest GBP 1 million investment on Blast Furnace 5 complements a similar investment last year on Blast Furnace 4. The installation of Topscan into Blast Furnace 5 is expected to be complete by end November 2022.
    
    The Topscan system consists of a set of radars that take a full surface scan of the iron ore and metallurgical coke being laid into each furnace, every 10 seconds. Computer modelling then gives a really clear, finite view of the raw materials at the start of their journey through the furnace. Topscan is the name of the monitoring instrument; it’s made by a company named TMT.
    
    The market-leading ‘Topscan’ technology has the potential to save the company millions of pounds every year by reducing the amount of coke required in the furnaces, and will reduce CO2 emissions by at least 50,000 tonnes annually. The technology will also play a major role in improving the furnaces’ stability and efficiency.
    
    Blast Furnace 5 underwent a life-extension project in 2018. Blast Furnace 5 has 10.8 meters hearth diameter and 2134 cubic meter working volume. Blast Furnace 5 makes around 6000 tonnes of iron a day.
14. voda 21 november 2022 07:05

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    Metinvest Hopes to Get Full Compensation for Losses from Russians
    
    Strategic Research Institute
    Published on :
    21 Nov, 2022, 5:26 am
    
    Ukrainian steelmaker Metinvest’s CEO Mr Yuriy Ryzhenkov in an interview at Ian King Live on Sky News in the UK shared the latest news about the current activities of the Group's enterprises and presented on the air a steel bracelet Azovstal. He said “From the first days of a full-scale invasion, both our shareholders Mr Rinat Akhmetov and Mr Vadym Novynskyi decided that the company should support the Armed Forces of Ukraine. So, in addition to using our equipment to create a line of defense, we have developed new ways to produce armored steel, which is now used in body armor. We supplied more than 150,000 bulletproof vests to the Ukrainian army and territorial defense. We have also developed new steel mobile shelters that can be used in the field to heat and protect the military from shelling. In addition, we buy and supply the army with cars, armored vehicles, thermal imagers, walkie-talkies, etc. A large amount of machinery and equipment that is needed by the defense forces of Ukraine in the field.”
    
    He said “We have two metallurgical plants in Ukraine, one in Zaporizhia and the other in Kamianske. They are both now operational and their capacity is about 50-60% loaded. However, we are able to produce armored plates, steel shelters, etc.”
    
    While answering to a question about activities outside Ukraine, he said “They had some difficulties at first mainly due to the fact that they relied on semi-finished products from Azovstal in their work. Since then, we have diversified the sources of supply of semi-finished products. For example, here in the UK, slabs are now supplied by British Steel, Thyssenkrupp. In Italy, it's ADI. We have found different suppliers who can provide us with the volumes we need.”
    
    He also said “We know very little about what is happening in Mariupol now. There are still quite a few people out there, but they have little to say about what's going on in the city. As far as I understand, the power supply is unstable, there is no water, heating, the city is now a humanitarian disaster.”
    
    While answering to question of how much steel produced at Azovstal earlier got to the UK, he said “I am sure that the products of Azovstal were seen by any British citizen. If you look at the buildings behind, then all of them are 50-60% made up of Azovstal steel, in particular the Walkie-talkie building, the Shard building, they all contain Azovstal steel. In fact, even outside the UK, quite a few people know what Azovstal is. It is a tragedy that the world learned about Azovstal after its destruction, when the plant became a fortress. There are many attractions made of Azovstal steel when it worked. For example, the gates of the Panama Canal are made of Azovstal steel, as well as a large number of cruise ships in the Mediterranean. Reliable shelter over Chernobyl is made of Azovstal steel.”
    
    While answering to question over demanding compensation from the Russian government through international courts, Mr Ryzhenkov said “-Absolutely! We are confident that we must receive full compensation for losses from Russians and reinvest it in Ukrainian factories in order to resume their work.”
15. voda 21 november 2022 07:06

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    Vietnam's Steel Industry’s Performance Dips over Demand Issues
    
    Strategic Research Institute
    Published on :
    21 Nov, 2022, 5:27 am
    
    Vietnam’s steel output and consumption have plunged in recent months, and the situation is predicted to linger until the second quarter of next year. The Vietnam Steel Association said in its latest report that output of finished steel products in October had slid 16% MoM and 29% YoY to about 2 million tonnes while steel sales edged down 6% MoM and 29% YoY to about 1.9 million tonnes.
    
    From January to October, Vietnam’s steel industry produced about 25 million tonnes of finished steel and sold 23 million tonnes, down 9% YoY & 6% YoY respectively.
    
    VSA said “The hardships will linger on in the last quarter of the year and may extend to the second quarter of next year due to a gloomy export outlook, fierce competition between steelmakers, interest rate hikes and exchange rate volatility.”
16. voda 21 november 2022 07:06

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    • voda

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    Punjab Steel Users Fret over Withdrawal of Steel Export Duty
    
    Strategic Research Institute
    Published on :
    21 Nov, 2022, 5:27 am
    
    The Tribune reported that Punjab’s industrialists using steel as raw material in their industries are upset with the Indian government for making rapid changes in its policy on the trade after 15% duty on steel exports was withdrawn on 19 November 2022
    
    The report quoted a Nut & Bolt manufacturer Mr Samir Goyal as saying that “Frequent shift in the government’s policy forced him to shut down another unit within a month of its setting up. He procured machines worth INR 2 crore from Taiwan about seven months back. However, he managed to run it only for a month as the government changed its policy. Today, it withdrew the export duty while the import duty on iron and steel was imposed only about five months back. It seems that the government is a puppet in the hands of a few people.”
    
    The report quoted another industrialist Mr Kulwinder Singh as saying that “The international business scenario has drastically changed in the last four months. The prolonged war between Russia and Ukraine caused all round inflation which resulted in an uncertain scenario. So, the impact of the withdrawal of 15% export duty on steel products and iron ore would be known only after sometime.”
    
    Another entrepreneur manufacturing weighbridges Mr Sirjan Singh is quoted as saying that “, The withdrawal of duty would be a boost to steel manufacturing industry as it was expected to increase exports. At the same time, it was likely to lead to an increase in prices of steel in the domestic market which will adversely affect various industries in India such as automobiles, energy, construction, machinery and others as the cost of raw material will dramatically increase.”
17. voda 21 november 2022 07:07

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    WV Stahl Submits Proposal for Uniform Definition of Green Steel
    
    Strategic Research Institute
    Published on :
    21 Nov, 2022, 5:28 am
    
    Following intensive committee work, the German Steel Federation WV Stahl has presented a coherent proposal for a label system A-E to define and mark green steel as a joint result of the work of the German steel industry. This takes into account the CO2-footprint of a specific product, also take transformative steps by companies towards emission reductions and make them assessable in a classification system. This enables the targeted incentive and flanking of the necessary investments for climate neutrality and the ramp-up of green steel. With its proposal, the steel industry in Germany would like to support the politically desired development of (lead) markets for climate-friendly products in Germany and the EU.
    
    WV Stahl President Mr Hans Jürgen Kerkhoff said “With its proposal for a label system for green steel, the steel industry in Germany is sending a strong signal for industrial transformation. We are thus presenting a concept on the basis of which it can be discussed in concrete terms how green lead markets can be created, which were already envisaged in the Steel Action Plan from 2020 and also in the coalition agreement. We hope that the German government will now quickly take up this impulse, discuss it with all relevant stakeholders and also bring it into the ongoing international discussions at the G-7 and within the framework of climate clubs.”
    
    Green lead markets for raw materials such as green steel are a key policy building block on the way to a climate-neutral industry. Their basic idea is to set targeted incentives for the use of green steel on the demand side as well, in order to enable the gradual conversion to climate-friendly processes, which are associated with high investment and initially even higher operating costs. This relieves the necessary state start-up funding and replaces it in the future.
    
    To achieve this, definitional questions must first be clarified: When is steel to be classified as green or climate-neutral? To what extent can investments that only lead to climate-neutral steel be credited if, in particular, sufficient green energy (electricity, hydrogen) is available? And finally: Which standards can ensure that all actors calculate and balance according to the same rules, so that different transformation paths can be compared and thus assessed? The clarification of these questions is urgent and important in order to be able to set the political course and give companies planning security for their investment decisions.
18. voda 21 november 2022 07:08

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    ISA Welcomes Removal of Export Duty on Steel
    
    Strategic Research Institute
    Published on :
    21 Nov, 2022, 5:29 am
    
    Indian steel sector market players were greeted on 19 November evening with news of Indian government removing duties imposed on 21 May on export of low grade iron ore, iron ore pellets, pig iron, HR, CR, Galvanized flat steel, non-alloy & alloyed rounds & wire products and stainless steels, effective from 19 November 2022. Indian Steel Association President & AM/NS India CEO Mr Dilip Oommen said “Domestic Steel Industry is grateful to the Hon’ble Prime Minister of India for taking the decision to withdraw the export duty imposed on Iron and Steel items on May 21, 2022. We are also thankful to the Hon’ble Union Ministers of Home, Finance, Commerce, and Steel for supporting the Industry. This will re-energize and further motivate the industry to move forward with full confidence to put the steel sector towards an inclusive growth path.”
    
    Indian Steel Association’s Secretary-General Mr Alok Sahay added that the decision, immediately when the inflation numbers came to a reasonable level, shows the concern of the government towards the common man and the industry.
    
    India’s Ministry of Finance said in a notification no 58/2022 Customs dated 18 November said that on being satisfied that it is necessary in the public interest to do so, the amendments have been made as under
    
    1. 2601 11 21, 2601 11 22, 2601 11 41, 2601 11 42
    
    Iron ore and concentrates (Non Agglomerated) with less than 58% Fe – Nil, from 50% earlier
    
    2. 2601 11
    
    Iron ore and concentrates (Non Agglomerated) with more than 58% Fe - 30%, from 50% earlier
    
    3. 2601 12
    
    Iron ore and concentrates (Non Agglomerated) with more than 58% Fe - 30%, from 50% earlier
    
    4. 2601 12 10
    
    Iron ore pellets – Nil, from 45% earlier
    
    5. 7201
    
    Pig iron and spiegeleisen in pigs, blocks or other - Nil, from 15% earlier
    
    6. 7208
    
    Flat rolled products of iron or non-alloy steel, hot rolled, not clad, plated or coated - Nil, from 15% earlier
    
    8. 7209
    
    Flat rolled products of iron or non-alloy steel, cold rolled (cold-reduced), not clad, plated or coated- Nil, from 15% earlier
    
    9. 7210 30.7212 30
    
    Flat rolled products of iron or non-alloy steel, plated or coated with zinc- Nil, from 15% earlier
    
    10. 7213
    
    Bars and rods, hot-rolled, in irregularly wound coils, of iron or non-alloy steel- Nil, from 15% earlier
    
    11. 7214
    
    Other bars and rods of iron or non-alloy steel, not further worked than forged, hot-rolled, hot-drawn or hot-extruded, but including those twisted after rolling- Nil, from 15% earlier
    
    12. 7217
    
    Wire of iron or non-alloy steel- Nil, from 15% earlier
    
    13. 7219
    
    Flat-rolled products of stainless steel, of a width of 600 mm or more - Nil, from 15% earlier
    
    14. 7222
    
    Other bars and rods of stainless steel; angles, shapes and sections of stainless steel- Nil, from 15% earlier
    
    15. 7227
    
    Bars and rods, hot-rolled, in irregularly wound coils, of other alloy steel- Nil, from 15% earlier
19. voda 21 november 2022 08:28

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    Vietnamese HRC market bounces back
    409 Views
    
    The Vietnamese hot rolled coil market is seeing an uptick in prices, Kallanish notes. Chinese HRC prices have gone up and local producer Formosa Ha Tinh (FHS)’s latest domestic prices are providing some support to the market.
    
    Chinese 2mm and up thickness SAE 1006 HRC offers are prevailing at $560/tonne cfr Vietnam, Vietnamese trading sources. A popular Chinese mill’s offer for 50% 2mm thickness and the rest above 2mm thickness was pegged on Friday morning at $560/t cfr Ho Chih Minh (HCM)/Hai Phong port, for January 2023 shipment. Chinese SAE 1006 HRC offers were previously at $550-560/t cfr on 11 November. Offers had sunk to recent lows of $500-510/t cfr in early November.
    
    A Vietnamese trader hears that a leading re-roller in southern Vietnam ordered 10,000 tonnes of Taiwanese SAE 1006 2mm and up thickness HRC at $550/t cfr on 17 November. However, others did not hear of the deal and expressed surprise about it taking place. The buyer would be better off buying FHS's material, they explain.
    
    “I wonder why they didn’t book FHS to avoid any exchange rate change,” a trader in HCM says. FHS announced on 17 November that its sales price for non-skin-passed SAE 1006 HRC will be set at the equivalent of $550/t cfr Vietnam. Freight to Ho Chi Minh is $10/t, trading sources say. “If the Taiwanese mill gave thin gauges in the cargo, then the deal is possible,” a trader in Hanoi says. He believes demand from re-rollers is returning. While inventories for SS400 grade HRC are still high, SAE 1006 HRC stocks are "so-so”.
    
    "I have my doubts," a regional trader says. He also believes that for the Taiwanese HRC deal to take place, it would have to involve "thin sizes and odd width, otherwise they can buy Formosa”. Imported HRC may be priced $10/t lower than local strip in order to make import deals workable.
    
    The regional trader and others hear that FHS sold large export tonnages of HRC to India and the EU at around $510-520/t fob during the week ending 11 November. The mill’s new target export price is at $530-535/t fob, the Hanoi trader says.
    
    Kallanish assessed SAE grade 2-2.7mm thickness HRC at $530-540/t cfr Vietnam, up $10 on-week.
    
    Anna Low Singapore
20. voda 22 november 2022 08:09

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    Metinvest Reports 60%+ Shrinkage in Performance in Jan-Sep’22
    
    Strategic Research Institute
    Published on :
    22 Nov, 2022, 4:37 am
    
    Ukraine’s leading steelmaker Metinvest has reported substantial YoY shrinkage in production & sales in January-September 2022 as after Russia launched a full-scale military invasion of Ukraine on 24 February 2022, which led to stoppage of manufacturing activities of its assets in Mariupol. Avdiivka and Zaporizhzhia, including Azovstal, Ilyich Steel, Avdiivka Coke and Zaporizhia Coke. Metinvest’s plants in Zaporizhzhia resumed their production operations later. Because of the hostilities, the Group's facilities in Mariupol and Avdiivka have been affected and Mariupol has been temporarily occupied. The Group's plants in Ukraine, apart from those in Mariupol and Avdiivka, continue to operate at different capacity utilization levels subject to security, logistics and economic factors.
    
    Crude steel - 6,933 million tonnes, down 62% YoY
    
    Iron ore concentrate- 23,678 million tonnes, down 59% YoY
    
    Coking coal concentrate - 4,055 million tonnes, down 9% YoY
    
    Hot metal production
    
    Total - 2,473 million tonnes, down 65% YoY
    
    Azovstal - 598 million tonnes, down 80% YoY
    
    Ilyich Steel - 660 million tonnes, down 83% YoY
    
    Kamet Steel - 1,215 million tonnes, up 257% YoY
    
    Crude steel production
    
    Total - 2,668 million tonnes, down 62% YoY
    
    Azovstal - 683 million tonnes, down 80% YoY
    
    Ilyich Steel - 672 million tonnes, down 79% YoY
    
    Kamet Steel - 1,313 million tonnes, up 241% YoY
    
    Merchant Pig iron - 161,000 tonnes, down 83% YoY
    
    Semi-finished products - 882,000 tonnes, down 64% YoY
    
    Slabs -166,000 tonnes, down 88% YoY
    
    Billets - 555,000 tonnes, up 236% YoY
    
    Finished products - 2,350 million tonnes, down 56% YoY
    
    Long products - 809,000 tonnes, up 3% YoY
    
    Flat products - 1,513 million tonnes, down 66% YoY
    
    Railway products - 10,000 tonnes, down 60% YoY
    
    Tubular products - 18,000 tonnes, down 82% YoY
    
    Hot-rolled plates - 872,000 tonnes, down 60% YoY
    
    Hot-rolled coils - 495,000 tonnes, down 70% YoY
    
    Cold-rolled coils - 37,000 tonnes, down 83% YoY
    
    Galvanized coils - 109,000 tonnes, down 70% YoY