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1. voda 25 november 2022 06:42

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   POSCO to Resume Pohang HSM Operation Soon
   
   Strategic Research Institute
   Published on :
   25 Nov, 2022, 5:39 am
   
   Korea Times reported that although South Korean POSCO is yet to resume production at the No 2 hot strip plant at Pohang steel plant, which was hit hardest by the typhoon, its workers have almost finished clearing away the mud and water in collaboration with Pohang residents, firefighters, soldiers and other companies here and overseas, with the aim of resuming the production line's operations by the end of this year.
   
   POSCO's senior workers said that the management's unprecedented decision to halt operations completely made it possible to normalize the steel mill quicker than expected. They said the factory's important facilities were able to avoid heavier damage, such as explosions. An official said “As the management ordered the workers to cut the power supply before the flooding, I was able to fix the main motors for rolling mills, instead of waiting for more than a year for new motors.”
   
   In order to minimize the inconvenience to its clients and to stabilize the market, POSCO has also continued supplying its steel products through its other steel mills in Gwangyang, South Jeolla Province, and in other countries, such as China and Indonesia. For materials, facilities and equipment suppliers hit by the typhoon, the steelmaker has extended loans at lowered interest rates.
2. voda 25 november 2022 10:36

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   Hadeed seen sweeping up demand with price decrease
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   Saudi Arabian steel market maker Hadeed has reduced its domestic 12-32mm diameter rebar and 9mm+ wire rod and rebar in coils prices by SAR 150/tonne ($40) on-month for December deliveries, Kallanish learns.
   
   New prices for 12-32mm diameter rebar have been reduced to net SAR 2,650/t ($706), and rebar in coils and 9mm+ wire rod to SAR 2,750/t, each delivered within the country.
   
   The company is also offering an additional discount of SAR 150/t on December quotes for quantities above 80% of the pre-agreed quota, in order to encourage sales for projects, market sources tell Kallanish.
   
   Tier-two and three mills are expected to set their rebar quotes in a few days, presumably at SAR 2,500-2,550/t delivered and 2,430-2,450/t ex-mill, respectively, for December deliveries.
   
   "This price decrease aligns with the market demand and the company’s rebar prices in the retail segment, which were at SAR 2,680-2,700/t during the week the price announcement came,” comments a trader. "In November, most traders and stockists booked 80% of their pre-agreed quota because Hadeed increased by SAR 50/t on-October, which was not supported by demand in the domestic market. Coming to the last month of the year, the company has yearly sales targets; thus, at this price, Hadeed will highly likely sweep the domestic market."
   
   Hadeed, Saudi Arabia's largest steel producer, has an annual production capacity of 3.8 million tonnes of long products and 2mt of flats, as well as 5.5mt of direct reduced iron across five DRI modules.
   
   It reported an 18% on-year growth in third-quarter revenue to SAR 3.55 billion ($946 million). Ebitda grew 32.4% to SAR 310m, and the company made an income from operations of SAR 10m versus a year-earlier loss of SAR 40m.
   
   However, Q3 revenue shrank 13% on-quarter, while Ebitda and operating income decreased by 52% and 98%, respectively. Average sales prices shrank 9% on-quarter, and sales volume decreased by 4%, which caused a decline in financial performance (see Kallanish passim).
   
   Burak Odabasi Turkey
3. voda 28 november 2022 06:52

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   ResponsibleSteel Certifies POSCO’s Pohang & Gwangyang Steel Plants
   
   Strategic Research Institute
   Published on :
   28 Nov, 2022, 5:19 am
   
   ResponsibleSteel in November beginning applauded the certification of the world’s largest steel sites achieving ResponsibleSteel certification. The sites are Pohang and Gwangyang Steelworks in South Korea operated by POSCO. POSCO’s CEO Mr Hag-dong Kim said “It is a great honor that both Pohang and Gwangyang Steelworks, the world’s two largest mills, have been certified by ResponsibleSteel. Today, as we prepare for the post-pandemic era, it is more important than ever for the steel industry to fulfill its social responsibility and to practice sustainable manufacturing.”
   
   This is a monumental step forward for ResponsibleSteel and the global steel industry on the road to sustainable development and Decarbonization. ResponsibleSteel now has around 13% of the world’s steel industry by volume in its membership, with certified sites on 5 continents covering the production of over 100 million tonnes of steel.
   
   A not-for-profit organization, ResponsibleSteel is the industry’s first global multi-stakeholder standard and certification program. Together with members from all stages of the steel supply chain, civil society and downstream users, ResponsibleSteel has developed an independent certification standard and program via a process that aims to align with the ISEAL Codes of Good Practice. The ResponsibleSteel Standard is designed to drive forward positive actions for people, planet and the steel industry.
4. voda 28 november 2022 06:53

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   Baku Steel Company Preparing Development Strategy for 2023-2030
   
   Strategic Research Institute
   Published on :
   28 Nov, 2022, 5:20 am
   
   APA reported that Caucasus region’s largest steelmaker Azerbani Baku Steel Company is successfully continuing the preparation of the medium and long-term development strategy for 2023-2030. As a part of this, a number of steps are already being taken in the field of preparation of the general development and transformation concept of the Company and improvement of the corporate management system.
   
   Baku Steel Company’s Deputy General Director Polad Hummatov said “Advanced international experience and global trends observed in the metallurgical industry are studied by us while preparing our development strategy. Thus, together with the prestigious consulting companies of the world, work is being carried out towards strategy development, assessment of potential investments, diagnosis and improvement of the current technical and technological state in all production enterprises owned by the Company. I would also like to emphasize that one of the most important aspects for Baku Steel Company CJSC is the full assurance of work safety and health of its employees during the production process. In this direction, specialists from European countries are also involved in the process in order to improve the health, safety and environmental protection within the Company in accordance with the international practices in the metallurgical industry. From 2023 onwards, the next objective of Baku Steel Company CJSC will be to continue its activities more successfully with a renewed strategy and a constantly developing corporate management system.”
   
   Baku Steel Company CJSC currently produces high-quality rebars, rolled-wire, round bars, seamless pipes, square and round billets as well as various shaped castings. Since the day of establishment 20 years ago, Baku Steel Company has become the renowned brand both in Azerbaijan and in entire region and its products are highly demanded in the local market, as well as exported to more than 20 countries of Europe, America and Asia.
5. voda 28 november 2022 06:54

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   Protests in Iran Continue with Truckers Strikes
   
   Strategic Research Institute
   Published on :
   28 Nov, 2022, 5:20 am
   
   Iran International has reported that anti-government protests in Iran are continuing mainly through nationwide strikes by truckers and protest rallies at universities. As per report, truck drivers and owners in many cities across the country did not move their vehicles on Sunday. Truckers in several cities such as Esfahan, Bandar Abbas, Qazvin and Kermanshah refrained from moving goods in support of the protests, sit-ins and strikes by industrial workers. Many people on social media describe the strike by the truckers as a significant blow to the Islamic Republic since it has the potential to cripple the economy.
   
   This round of strikes started on Saturday after a call for a 10-day work stoppage by the Truck Drivers’ Union, while numerous workers at steel and automobile factories also stopped work on Saturday. Workers at Esfahan Steel Company, Morattab Car Manufacturing, Safe Khodro Car Manufacturing Company, Qazvin’s Pars Appliances Company, and some others joined many other factories already on strikes.
   
   Iranian truckers strike comes after similar development in South Korea last week by Cargo Truckers Solidarity, which has crippled loading activities key ports to the capital region of Pyeongtaek and southern coasts of Ulsan and Gwangyang, home to cement, steel, petrochemical refining facilities. Truck drivers are demanding the government to guarantee minimum freight rates for drivers’ safety and livelihood.
6. voda 28 november 2022 06:54

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   Hyundai Steel’s SAW Pipe Recognized as World Class Korean Product
   
   Strategic Research Institute
   Published on :
   28 Nov, 2022, 5:21 am
   
   Korea Herald reported that South Korea’s second-largest steelmaker Hyundai Steel announced that its submerged arc welding A671/A672 has been recognized as a World Class Korean Product. The submerged arc welding A671/A672 is used for items to transport or store energy-related materials or chemicals that can withstand extremely high and low temperatures as well as high pressure.
   
   Before the submerged arc welding A671/A672, Hyundai Steel’s electric resistance welding door impact beam was listed as a World Class Korean Product in 2019. Other Hyundai Steel products on the list include HSS ROLL, caterpillar, and steel sheet pile. With the new addition, Hyundai Steel now boasts a total of 12 World Class Korean Products. The number is the largest among its peers in the steel-making industry, a feat that the company has maintained for 18 consecutive years.
   
   The World Class Korean Products scheme, jointly certified by the Ministry of Trade, Industry and Energy and the Korea Trade Promotion Corp, made its debut in 2001. It involves selecting beneficiaries among products and companies leading the global markets. Products that have over 5% global market share ranked within the top five in their market are selected as World Class Korean Products.
7. voda 28 november 2022 06:55

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   Metinvest & US Steel in Talks for Kosice Steel Plant - Report
   
   Strategic Research Institute
   Published on :
   28 Nov, 2022, 5:21 am
   
   Worldsteel journalist of the year 2020 Mr Colin Richardson of Argus, citing market sources, has reported that Ukrainian steelmaker Metinvest has held preliminary talks with US Steel over acquiring its Kosice plant in Slovakia. The report said “Metinvest has relied more heavily on raw material shipments since conflict broke out in the country, and Kosice is an integral buyer.”
   
   Metinvest needs feed for its coil and plate re-rolling facilities in Europe, which have been forced to procure slab on the merchant market since the disruption to Ukrainian supply. No slab was produced at Metinvest's Ukrainian assets in the second or third quarters of this year, with the units buying from China and elsewhere.
   
   US Steel has also been interested in exiting its European operations for some time. It sold its Smederevo plant in Serbia to the government in 2013 for USD 1, before it was resold to Chinese giant Hebei Iron & Steel in 2016. There was also talk earlier this year that the company was in discussions with unnamed parties to sell the Kosice operations.
   
   US Steel Košice is an integrated steelmaking company with more than 60 years of tradition with annual raw steel production capability of 4.5 million tonnes and employs almost 8,000 people. It’s product mix comprises of high value-added products suitable for applications in the automotive, packaging, electrotechnical, consumer goods and building industries. It produces
   
   Hot Rolled Products
   
   Cold Rolled Products
   
   Electrical Products
   
   Hot Dip Galvanized Products
   
   Organic Coated Products
   
   Tin-plated Products
   
   Spiral Welded Pipes
8. voda 28 november 2022 06:55

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   KIOCL Restarts Iron Ore Pellet Plant after Export Tax Removal
   
   Strategic Research Institute
   Published on :
   28 Nov, 2022, 5:22 am
   
   India's state-run iron ore pellet maker KIOCL Limited has restarted the operations of Pellet Plant at Mangalore on 24 November 24 after Indian government removed 45% duty on exports of iron ore pellets.
   
   Earlier on 23 August, KIOCL, after only 11 days of restart of operations at its 3.5 million tonnes per year pellet plant at Mangalore in Karnataka on 12 August 2022, had shut the operation due to shed’s full condition, resulting out of lack of demand in domestic market and unviability in international market in view of levy of duty on export of pellets. KIOCL had initially shut the pellet plant in June after the imposition of 45% export tax by the government.
   
   KIOCL Limited, formerly Kudremukh Iron Ore Company Limited, is a government owned iron ore producer under Steel Ministry with its head office and administrative activities in Bangalore. It has a pelletization plant in Mangalore and had an iron ore mine in Kudremukh. It was setup in 1976 for mining and beneficiation of low grade iron ore at Kudremukh in Karnataka. KIOCL is having facilities to operate 3.5 million tonne per annum iron ore pellet plant & blast furnace to manufacture 0.216 million tonnes per annum pig iron at Mangalore.
9. voda 28 november 2022 06:56

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   Indonesia to Appeal against WTO’s Ruling on Nickel Ore Export Ban
   
   Strategic Research Institute
   Published on :
   28 Nov, 2022, 5:22 am
   
   South China Morning Post reported that Indonesia plans to appeal against the World Trade Organization’s EU leaning ruling on its nickel ore export ban. Indonesian government’s decision to appeal was revealed on last week by Indonesia’s Energy & Mineral Resources Minister Mr Arifin Tasrif, ahead of the organization’s formal announcement on 30 November. Mr Arifin told a House of Representatives hearing that the “WTO’s decision does not yet have permanent legal force so there is still an opportunity for appeal.”
   
   He added policies do not need to be changed or revoked before the body’s Dispute Settlement Body makes a final decision.
   
   With world’s largest reserve of nickel ore, Indonesia implemented nickel export ban in January 2020 ban to generate higher-value nickel products and help Jakarta become part of the electric vehicles global supply chain. However, EU viewed the move as a violation of Article XI of the 1994 General Agreement on Tariffs and Trade, which says all WTO members must not prohibit or restrict imports or exports, other than duties, taxes and other such charges. The European bloc said Jakarta’s restrictions unfairly limited access to nickel ore and other raw materials.
   
   Since the nickel ore export ban was implemented, Indonesia has earned billions of dollars from stainless steel producers, battery-makers and car manufacturers who arrive to set up smelters or other nickel processing facilities. Most are Chinese firms.
   
   Chinese battery giant Contemporary Amperex Technology, a Tesla supplier, recently signed a deal with the Hong Kong-based CMB International Capital Corporation and the Indonesia Investment Authority, the country’s sovereign wealth fund, to target as much as USD 2 billion for the development of an Indonesian end-to-end EV value chain. CATL has also set up a joint venture with Chinese stainless-steel giant Tsingshan Holding Group and Chinese battery recycler GEM to produce lithium-ion batteries in Central Sulawesi, Indonesia’s nickel mining hub.
   
   Other players include South Korean battery maker LG Energy Solution, LG Chem, and carmakers Hyundai and Toyota. Taiwanese tech giant Foxconn also wants to collaborate with local firms to manufacture batteries.
10. voda 28 november 2022 06:57

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    Tata Steel Long Products Invests INR 300 Crores in NINL
    
    Strategic Research Institute
    Published on :
    28 Nov, 2022, 5:23 am
    
    Tata Steel Long Products has further acquired 46.875 million equity shares of INR 10 each at a premium of INR 54 per share of recently acquired Neelachal Ispat Nigam Limited for an amount aggregating to INR300 crore, being Tranche 2 of the investment in the equity shares of NINL. The proposed funding will be utilized towards the initial working capital and CAPEX requirement of the NINL including start-up of iron and steel plant at Kalinganagar, repayment or prepayment of liabilities and for other general corporate purposes.
    
    Neelachal Ispat Nigam Limited was incorporated in 1982 to set-up an integrated steel plant to undertake manufacturing and sale of steel products. Neelachal Ispat Nigam Limited initially set up a 1.1 million tonne per annum blast furnace in 2002 to produce pig iron. Subsequently, other supporting facilities like sinter plant, coke oven plant, power plant, etc were commissioned. Neelachal Ispat Nigam Limited also has iron ore mines with a reserve of approximately 90 million tonnes.
    
    Tata Steel Long Products Limited & Tata Steel Limited have executed a Share Sale and Purchase Agreement with MMTC Ltd, NMDC Ltd, MECON Ltd, Bharat Heavy Electricals Ltd, Industrial Promotion and Investment Corporation of Odisha Ltd, Odisha Mining Corporation Ltd, President of India, Government of Odisha, Neelachal Ispat Nigam Limited for acquisition of 93.71% equity shares in Neelachal Ispat Nigam Limited in March 2022 for total consideration of INR 12,100 crore
11. voda 28 november 2022 06:57

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    LIBERTY Inks Pact to Buy Plant & Equipment of KG Steel for Galati
    
    Strategic Research Institute
    Published on :
    28 Nov, 2022, 5:24 am
    
    LIBERTY Steel Group has signed an agreement to purchase the Dongbu steel plant and associated equipment from South Korean steel company KG Steel. The Dongbu plant in Dangjin in South Korea comprises of: two modern, Consteel 160t electric arc furnaces; two single strands, vertically-curved Thin Slab continuous casters; and a Hot Strip Mill. The plant has an installed liquid steel capacity of 3 million tonnes per annum and a finished steel products capacity of 2.85 million tonnes per annum.
    
    Technical studies conducted by LIBERTY indicate that the Dongbu plant has the potential to perform at the highest standards in the sector against KPIs including CO2 emissions, energy efficiency, cost, operational flexibility and product range.
    
    Pending final technical assessment and further diligence, LIBERTY intends install the equipment at its Galati plant in Romania. This will enable the business to transition to highly efficient low carbon electric arc furnace operations several years faster than previously planned and at significantly lower cost compared with alternative options analyzed.
12. voda 28 november 2022 06:58

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    Tata Steel Nederland’s Ijmuiden Plant Ranks 3rd in CO2 Intensity
    
    Strategic Research Institute
    Published on :
    28 Nov, 2022, 5:24 am
    
    Tata Steel Nederland’s IJmuiden steelworks has ranked 3rd in the 2022 CO2 intensity benchmark published by the World Steel Association. The site has been among the best 10% since 2013 and this is the 3rd consecutive year that it has scored a top 5 position. Tata Steel Nederland’s Chairman Mr Hans van den Berg said “I am proud that we are once more recognized as one of the most CO2 efficient steelworks in the world and I would like to share this recognition with all our people, contractors, suppliers and customers. While steel is an essential part of our daily lives, we are not blind to the impact of our activities. We invest significantly to further reduce the impact of our IJmuiden operations on our neighbors and the environment. Our recently launched climate strategy represents a new level of ambition, which revolves around green, clean and circular steel production.”
    
    Tata Steel has been working for years to reduce its CO2 emissions. The CO2 intensity of the steel produced in IJmuiden is around 7% below the European average and almost 19% below the global average.
    
    Tata Steel Nederland aims to be completely CO2 neutral by 2045. CO2 reduction measures are being implemented across Europe. The site in Naantali, Finland, for example, is the first within the company to have CO2 neutral operations (for scope 1 and 2), while the new plant in Geldermalsen, the Netherlands, already runs entirely on electricity.
    
    The company also plans to switch to green hydrogen-based steelmaking at its IJmuiden steelworks. It targets to commission its first direct reduction plants and electric furnaces by 2030, becoming a producer of large quantities of high-quality green steel and reducing its CO2 emissions by 35-40%.
13. voda 28 november 2022 07:01

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    JSW Steel Cuts FY23 CAPEX by 25% amidst Global Uncertainties
    
    Strategic Research Institute
    Published on :
    28 Nov, 2022, 5:25 am
    
    Business Line reported that India’s leading steelmaker JSW Steel has moderated its CAPEX plans for 2022-23 to INR 15,000 crore over weakening global commodity cycle, impact on cash flows because of steep correction in steel prices at the international level and fears of a global economic slowdown. The report quoted JSW Steel’s Joint MD & Group CFO Mr Seshagiri Rao as saying that “The planned CAPEX for FY23 was INR 20,000 crore. Of the committed INR 15,000 crore, nearly INR 7,000 crore has already been spent in the first six months and the remaining is scheduled for H2.”
    
    Mr Rao said “We have committed to a capacity increase of 10 million tonne and we are on course. The outlay for this was INR 48,000 crore. Of this INR 20,000 crore was for the current year. But after having seen the impact on cash flows, we moderated the CAPEX to INR 15,000 crore.”
    
    JSW‘s brownfield expansion of coke oven plant 1.5 million tonne per annum at Vijaynagar plant was commissioned in Q2 while the whole project will be completed by FY24.
    
    The expansion of Bhushan Power & Steel Ltd to 3.5 million tonne per annum was also completed. Going ahead, the second phase from 3.5 million tonne per annum to 5 million tonne per annum will be completed by FY24.
14. voda 28 november 2022 07:16

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    • voda

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    Rio Tinto Develops BioIron for Low-Carbon Iron Making
    
    Strategic Research Institute
    Published on :
    28 Nov, 2022, 4:30 am
    
    Australian iron ore miner Rio Tinto has proven the effectiveness of its low-carbon iron-making process using ores from its mines in Australia in a small-scale pilot plant in Germany, and is now planning the development of a larger-scale pilot plant to further assess its potential to help decarbonize the steel value chain. BioIron’s potential was confirmed in a comprehensive and independent technical review by Hatch, the global engineering, project management and professional services firm. Hatch noted the thorough work completed by the team and BioIron’s capacity to reduce greenhouse gas emissions while converting Pilbara iron ore into iron and steel.
    
    The BioIron process will now be tested on a larger scale, at a specially designed continuous pilot plant with a capacity of one tonne per hour. The design of the pilot plant is underway and Rio Tinto is considering suitable locations for its construction.
    
    The process, known as BioIron, uses raw biomass instead of metallurgical coal as reductant and microwave energy to convert Pilbara iron ore to metallic iron in the steelmaking process. The BioIron process works using lignocellulosic biomass including agricultural by-products (e.g. wheat straw, canola stalks, barley straw, and sugar cane bagasse) or purpose-grown crops. The biomass is blended with iron ore and heated by a combination of combusting gases released by the biomass and high-efficiency microwaves that can be powered by renewable energy. BioIron has the potential to support near-zero CO2 steel-making, and can result in net negative emissions if linked with carbon capture and storage.
    
    Over the past 18 months, the process has been tested extensively in Germany by a project team from Rio Tinto, sustainable technology company Metso Outotec, and the University of Nottingham’s Microwave Process Engineering Group. Development work was conducted in a small-scale pilot plant using batches of 1,000 golf ball-sized iron ore and biomass briquettes.
15. voda 28 november 2022 07:26

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    Vestas Expands Partnership with TPI Composites
    
    Strategic Research Institute
    Published on :
    28 Nov, 2022, 4:30 am
    
    World’s leading supplier of wind turbines Vestas has signs multi-year framework agreement with long-time partner a leading supplier of wind turbine blades and services TPI Composites to strengthen its scalable global supply chain network for current and future wind turbine blades.
    
    TPI and Vestas work closely together on global manufacturing and supply chain operations, based on Vestas’ specifications and requirements, and TPI is currently supplying a range of blade variants to Vestas’ 2 and 4 MW platforms as well as the EnVentus platform. TPI will continue supply of blades from its existing global production footprint, while optimising the production setup in current facilities, and evaluate new locations for possible future growth in strategic markets.
    
    Vestas and TPI are equally investigating further collaboration possibilities for the V163-4.5 MW and V236-15.0 MW turbines and assessing the optimal manufacturing and production location setup for these new blades.
16. voda 29 november 2022 05:54

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    Australia Asia Powerlink to Use Steel Armored Cables
    
    Strategic Research Institute
    Published on :
    29 Nov, 2022, 5:33 am
    
    Worldsteel in a blog has highlighted use of steel armored cables to connect to areas of high sun activity could be the key to a shared, solar-powered future.
    
    Worldsteel wrote “Despite the need to limit the impacts of climate change, the planet’s energy demands continue to grow. Areas such as Southeast Asia are set to see a massive 60% increase by 2040. This burgeoning growth in demand is accelerating the need for renewable electricity due to its lowering cost, particularly in highly industrialized economies like Singapore. Singapore has a tropical rainforest climate, which features no distinct summer/winter season change, but has abundant rainfall and an even wetter four-month-long monsoon across November to February. In comparison, Australia instead boasts the second highest per capita solar resource in the world. This abundance of solar energy presents an opportunity to export renewable power for use by nearby economies and this is exactly what the Australia-Asia Powerlink aims to do. Once completed, the AAPowerLink is expected to meet around 15% of Singapore’s electricity needs, as well as offsetting 8.6 million tonnes of CO2 emissions per year. Construction will start in 2023, with the first solar energy transmissions expected to reach Singapore by 2027.”
    
    Connecting Singapore and the solar farm will be a 5,000km-long high-voltage direct current transmission system. An 800km-long overhead line will follow the railway corridor to Livingstone, close to the Northern Territory’s capital of Darwin, where a utility-scale battery will also be installed near the coast. From there, 4,200km of underwater cable will stretch to Murrumujuk, on the Gunn Point Peninsula, to supply around 3.2GW of electricity per year. Here, on a 55-hectare site, a converter station and battery facility will receive the transmitted power and pass it on to Singapore. The HVDC undersea cables use copper conductors surrounded by a series of layers, including lead alloy and polyethylene sheathes. To protect the conducting elements within, the cables are covered in galvanised steel wire armour. This allows the long cables to withstand the rigours of undersea installation and operation.
    
    Sizzling in the arid region of Australia’s Northern Territory sits Powell Creek Telegraph Station. A site of historic and touristic significance, it was one of the linking points of around 3,000km of overland telegraph wire constructed in the 1870s that finally connected the remote country with the rest of the world. One of the most consistently sunny places on the planet, Powell Creek will once again be a site of historic connection. But now instead of connecting Australia to its neighbours through the power of communication, it will connect Southeast Asia to the country’s bountiful supply of solar energy. It is here on 12,000 hectares of sun-bleached bushland that the world’s largest solar farm and battery storage facility will be built. The region’s flat surface is perfect for the installation of solar panels, while its proximity to a major railway corridor provides easy site access for large scale equipment and labour.”
    
    The facility’s solar panels, which are mounted on steel bases, will have a capacity of up to 20GW, with its battery system representing 36-42GWh of energy storage. Steel and stainless steel will be used throughout the farm’s pumps, tanks and heat exchangers.
17. voda 29 november 2022 05:56

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 26 apr 2024

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    US Steel Production Capacity Utilization Dips below 73% in W47
    
    Strategic Research Institute
    Published on :
    29 Nov, 2022, 5:33 am
    
    American Iron & Steel Institute reported that in the week ending on 16 November 2022, US’s domestic raw steel production was 1.625 million net tons while the capability utilization rate was 72.8%. Production was 1.828 million net tons in the week ending 26 November 2021 while the capability utilization then was 82.8%. The current week production represents 11.1% decrease from the same period in the previous year. Production for the week ending 26 November 2022 is down 0.2% from the previous week ending 19 November 2022 production was 1.628 million net tons and the rate of capability utilization was 73.0%
    
    Southern: 690 KNT
    
    Great Lakes: 533 KNT
    
    Midwest: 187 KNT
    
    North East: 143 KNT
    
    Western: 72 KNT
    
    Adjusted year-to-date production through 26 November 2022 was 81.245 million net tons, at a capability utilization rate of 78.5%. That is down 5.2% from the 85.705 million net tons during the same period last year, when the capability utilization rate was 81.3%
18. voda 29 november 2022 05:57

    auteur info

    • voda

      Lid sinds: 02 dec 2005

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    Shipbreaking Markets Remains in Cautious Mode
    
    Strategic Research Institute
    Published on :
    29 Nov, 2022, 5:34 am
    
    World’s leading buyer of old ships for recycling GMS said “After the announcement by the Indian government that they would reduce export duties on iron ore and steel products, the Alang market surged by INR 4,000 (about USD 49) in a single day, only to come crashing down in subsequent days to the tune of USD 50 per tonne by the time the weekend had arrived. In the midst of this surge, there was one Capesize Bulker sold for HKC & strictly green recycling into India, and it is hoped that some stability on prices will be found in the weeks ahead.”
    
    GMS said “Notwithstanding, sub-continent steel plate prices have plummeted greatly last week, especially in India and Bangladesh, further adding to the ongoing stresses that have become routine in the sub-continent markets.”
    
    GMS added “Bangladesh remains on the sidelines with no new LCs being issued by the Central Bank and only a handful of private banks & local Buyers able to open LCs on primarily smaller LDT units.”
    
    GMS also said “It remains a very cautious and tentative market across the board, with most Ship recyclers deeply embedded in a wait-and-watch mode, expecting prices to fall below USD 500 per LDT and currently reluctant to dip into the market on fresh purchases until a some sort of a sustained period of stability is witnessed. Mercifully, despite dry bulk and container rates having cooled off considerably in the fourth quarter of this year the supply of tonnage remains low. Owners have made decent money on their trading vessels this year and it seems they would rather hold and continue trading at these lower rates, rather than face the uncertain recycling realities of today.”
    
    GMS concluded “As such, it is not expected to be a frantic end to the year across sub-continent markets, but rather a trickle of candidates may arrive to the few keen and capable recyclers who are open to acquire ahead of an anticipated busier 2023.”
    
    GMS demo rankings – India/Pakistan/Bangladesh – Week47 unchanged
    
    Dry Bulk – USD 500-515 per LDT
    
    Tankers – USD 510-525 per LDT
    
    Containers - USD 520-535 per LDT
19. voda 29 november 2022 05:58

    auteur info

    • voda

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    steelchallenge-17 Championship Finalists Announced
    
    Strategic Research Institute
    Published on :
    29 Nov, 2022, 5:35 am
    
    Worldsteel has announced steelChallenge-17 World Championship Finalists. The first-placed people in both the ‘industry’ and ‘student’ categories from each of the five regions will be invited to the World Championship in April 2023. In addition, all participants completing a successful run of the integrated simulator will receive a certificate of accomplishment.
    
    Industry Category
    
    Stefano Augusto David Feitoza, Sunrise Engenharia
    
    Subhadeep Bakshi, Tata Steel Limited
    
    Han Penglong, HBIS Group
    
    Kwanhyeong Kim, POSCO
    
    Student category
    
    Gašper Krek, University of Ljubljana
    
    Henry Shinji Jouti, Instituto Tecnológico de Aeronáutica (ITA)
    
    Ashutosh Panda, Shavak Nanavati Technical Institute
    
    Haiqing Liu - Chongqing University of Science and Technology
    
    Guo Yu-Wei - National Chung Hsing University
    
    steelChallenge-17 utilised steeluniversity’s electric arc furnace steelmaking and secondary steelmaking in a combined simulation. Participants were tasked to produce a grade of steel meeting technical requirements at the lowest cost per tonne with carbon footprint requirements. The simulation used a grade of steel specifically designed for steelChallenge-17. Competitors could undertake ‘runs’ of the simulation during the 24-hour competition period. A ‘run’ was concluded when the simulation had completed the set time, the result had been registered in the competition database, and the competitor had received a confirmation of successful completion. The best ‘run’ of each competitor was to determine their score and placement in the Regional Championship.
    
    The Regional Championship of steelChallenge-17 took place online for 24 hours on 16 November 2022. This year’s steelChallenge attracted 1,298 participants representing more than 70 companies and 80 academic institutions from 27 countries. They used steeluniversity’s steelmaking simulator to produce the best steel at the lowest cost meeting carbon footprint requirements.
20. voda 29 november 2022 05:58

    auteur info

    • voda

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    Metafrique Steel Acquires Airgaz Cameroon
    
    Strategic Research Institute
    Published on :
    29 Nov, 2022, 5:34 am
    
    Business in Cameroon reported that Metafrique Steel announced that it has absorbed Airgaz Cameroun, a company that produces and distributes industrial and medical gases. Metafrique Steel said “Airgaz Cameroun SA and Metafrique Steel approved the proposal for a partial contribution of assets from the former to the latter. Metafrique Steel will receive all the shares of Airgaz Cameroon, in remuneration of its contributions, 1 000 shares of CFA10 000 each, making the capital of Airgaz Cameroon (CFA10 million FCFA) and the remainder will be recorded as a premium of the partial contribution of assets in the accounts of Airgaz Cameroon, CFA1 838 404 695.”
    
    Metafrique Steel is one of the two local subsidiaries of the Indian group Metafrique founded by Mr Arun Goswami. Through this strategic move with Airgaz Cameroon, the steel manufacturer enters the Cameroonian industrial and medical gases market.