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1. voda 9 december 2022 07:02

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   AISI Applauds House Passage of Water Resources Bill
   
   Strategic Research Institute
   Published on :
   9 Dec, 2022, 5:48 am
   
   US’s House of Representatives of legislation has passed Water Resources Development Act of 2022 as part of the FY 2023 National Defense Authorization Act. The American Iron and Steel Institute President & CEO Mr Kevin Dempsey has applauded passage by the to make key investments in critical US Army Corps of Engineers water infrastructure projects, including the construction and maintenance of ports, inland waterways, locks and dams across the US.
   
   Mr Dempsey said “AISI member companies rely heavily on seaports and inland waterways for transporting raw materials to their mills for manufacturing steel products. The national water resources infrastructure system is also key for steel companies to move finished steel products to their customers and to end users in the market,” Dempsey said. “In addition to authorizing 25 new water projects, the bill is critical to the ongoing modernization of the Soo Locks in Michigan, through which nearly all of the iron ore used for American steel production is shipped. This and many other provisions of the bill are significant to the timely construction of important water infrastructure projects which are critical to the steel industry and our customers. We urge the Senate to pass this measure as soon as possible.”
2. voda 9 december 2022 07:02

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   Weak Demand Shrinks Hoa Phat’s Production & Sales in November
   
   Strategic Research Institute
   Published on :
   9 Dec, 2022, 5:49 am
   
   Vietnam’s leading steelmaker Hoa Phat Group has produced 384,000 tonnes of crude steel in November 2022, down 43% YoY sales of steel products reached 443,000 tonnes, a drop of 30% YoY
   
   Construction Steel Production - 252,000 tonnes, down 7% YoY
   
   Hot Rolled Coils - 180,000 tonnes, down 12% YoY
   
   Steel Pipes – 53,000 tonnes
   
   Galvanized Sheet - 22,800 tonnes
   
   Hoa Phat said “There has been no improvement in the demand for steel products in general in the domestic and foreign markets. This is the main reason for total consumption dropping to the lowest level since the beginning of the year. While domestic consumption of construction steel has seen a slight recovery compared to the previous month, exports have seen a decrease of more than 70% over the same period.
   
   Accumulated in 11 months, Hoa Phat Group produced 7 million tonnes of crude steel, down 6% YoY. Consumption of construction steel, billet, and HRC reached more than 6.6 million tonnes, a decrease of 6% YoY, mainly because there were no export orders for billet as last year. As compared to the same period last year, construction steel accounted for 3.9 million tonnes, an increase of 11% YoY, and HRC nearly 2.5 million tonnes, an increase of 6%. Over 11 months, Hoa Phat steel pipe sold 688,000 tonnes, up 11% YoY & 300,000 tonnes of galvanized steel products, down 20% YoY.
3. voda 9 december 2022 07:03

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   Nucor Invests in Zero-Carbon Iron Technology Developer Electra
   
   Strategic Research Institute
   Published on :
   9 Dec, 2022, 5:49 am
   
   Charlotte North Carolina headquartered US’s leading steelmaker Nucor Corporation has made an equity investment in Electra, a Colorado-based start-up developing a process to produce carbon-free iron that can be used to make steel. The company uses renewable energy to refine low-grade iron ores into high-purity iron through electrochemical and hydrometallurgical processes. This material will be used in the steelmaking process to offset other high-quality metallics that come with higher greenhouse gas emissions.
   
   The process developed by Electra produces Low-Temperature Iron from commercial and low-grade ores using zero-carbon intermittent electricity. The company electrochemically refines iron ore into pure iron at 60 degrees Celsius (140 degrees Fahrenheit) using renewable electricity. That iron can be turned into steel using existing electric arc furnaces, which account for 70% of steel production in the U.S.
   
   Electra's process results in zero carbon dioxide emissions. By comparison, approximately 70% of the steel produced globally is made with blast furnace technology, an extractive process fed by iron ore, coal, and limestone that emits about two tons of carbon dioxide for every ton of steel produced.
   
   Using primarily recycled scrap as raw material, Nucor is already one of the cleanest steelmakers in the world. The circular nature of remelting recycled scrap in electric arc furnaces, combined with steel's ability to be infinitely recycled, means that Nucor's steelmaking facilities generate roughly one-third of the carbon dioxide of extractive steelmaking plants. Its investment in Electra is one of several investments the company is making that furthers Nucor's status as a sustainability leader and builds on the innovation that has already led to cleaner steel production in the United States.
4. voda 9 december 2022 07:04

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   11 Firms Interested to bid for Ajaokuta Steel in Nigeria
   
   Strategic Research Institute
   Published on :
   9 Dec, 2022, 5:50 am
   
   Nigerian media has reported that eleven overseas investors are locked in a bid to win the concession for the Ajaokuta Steel. Nigeria’s Minister of Mines & Steel Development Mr Olamilekan Adegbite told newsmen “Now, we are no longer talking to only Russians, we are talking to 11 foreign interests. Of the 11 interests I mentioned, of course, three are Russians. People are interested in bringing their money to invest in Ajaokuta Steel and make sure it works. If we put in the right amount of money, people would start producing steel in the next two years. The process is ongoing and, before we leave office, we will concession Ajaokuta to people who would bring money and make sure it works.”
   
   The new arrangement is coming 12 years after a concession agreement for the steel plant was fought in an international court. Already, the Federal Government has begun payment of USD 496 million to Indian firm, Global Steel Holding, the initial concessionaire of the plant that won the concession during the administration of former president
   
   The concession which was for 10 years was, however, revoked after the Global Steel Holding was accused of asset-stripping by the Federal Government. The cancellation of the agreement, had led to litigation before it was resolved, through arbitration.
   
   The multibillion-dollar Ajaokuta mill was built by the Soviets between 1979 and the mid-1990s, but has never produced steel as the project was never completed. It was also mismanaged.
5. voda 9 december 2022 07:04

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   Bekaert Obtains SBTi Validation for Carbon Reduction Targets
   
   Strategic Research Institute
   Published on :
   9 Dec, 2022, 5:50 am
   
   World’s steel wire & advanced wire products leader Bekaert announced that its near-term and long-term greenhouse gas emissions reduction targets have been validated by the Science Based Targets initiative.
   
   Bekaert has committed to actions to align emissions reduction targets to the 1.5-degree target of the?Paris agreement. As part of an overall commitment to become Carbon Net Zero by 2050, the company has set ambitious targets for its value chain, covering Scope 1, Scope 2 and Scope 3 emissions.
   
   For Scope 1 and 2 combined, Bekaert will reduce greenhouse gas emissions in absolute terms by 46.2% by 2030, compared to 2019. To this end, Bekaert will enhance the energy efficiency of its operations and increase the proportion of renewable energy supply.
   
   For Scope 3, Bekaert will reduce the absolute greenhouse gas emissions by 19.7% by 2035 compared to 2019. To reach this ambitious objective, Bekaert engages with suppliers and customers to commit to carbon reduction targets and to measures based on circular principles across the value chain.
   
   SBTi is collaboration between CDP, the United Nations Global Compact, World Resources Institute and the World Wide Fund for Nature. The SBTi defines and promotes best practices in science-based target setting and independently assesses companies’ targets.
6. voda 9 december 2022 07:05

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   Cleveland Cliffs Signs Wind PPA with EDP Renewables
   
   Strategic Research Institute
   Published on :
   9 Dec, 2022, 5:51 am
   
   EDP Renewables North America and US’s leading steel maker Cleveland-Cliffs have executed a 15-year power purchase agreement for 180 megawatts of the 200-MW Headwaters III Wind Farm in Randolph County. Cleveland-Cliffs and EDP Renewables’ Headwaters III Wind Farm partnership will mutually benefit both parties, affording Cleveland-Cliffs the opportunity to advance its environmental and social sustainability goals, and enabling EDPR NA to expand its portfolio in Indiana, where it reinforces and maintains its position as the top producer of wind energy in the state.
   
   Headwaters III, located approximately 70 miles east of Indianapolis along the Ohio border, are anticipated to be operational in 2025 and will annually power the equivalent of more than 54,000 average Indiana homes.
   
   EDPR NA has developed and will construct, own, and operate Headwaters III Wind Farm, which is an extension of the operational 200-MW Headwaters I Wind Farm and the 198-MW Headwaters II Wind Farm in Randolph County.
7. voda 9 december 2022 07:09

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   Worker Killed in Accident at ArcelorMittal Temirtau Coke Oven
   
   Strategic Research Institute
   Published on :
   9 Dec, 2022, 5:51 am
   
   ArcelorMittal Kazakhstan has informed that a coke plant gas operator died in an accident at its Temirtau steel plant. It said “In the early hours of 8 December, an accident occurred at the ArcelorMittal Temirtau steel division. We are deeply saddened to confirm the death of our colleague, a gas operator in the Coke Plant.”
   
   It said “We are working through the immediate steps after this tragic event. Our sadness and concern is with the family, loved ones, and close colleagues of our employee. ArcelorMittal is in touch with the family of the colleague, and psychological support is being provided immediately. All other support to the family, including financial, is being arranged right away.”
   
   ArcelorMittal Kazakhstan added that the causes of this fatality are under investigation.
   
   The incident follows the deaths last month of five miners in an explosion triggered by a suspected gas leak at the Luxembourg-based company's operations in Kazakhstan. Local press agency Kazinform reported Thursday that the Kazakhstan government is discussing the future of ArcelorMittal's operations in the country and hasn't ruled out a ban on the company.
8. voda 9 december 2022 07:10

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   Mechel Reports NYSE Commencing Delisting of Mechel ADRs
   
   Strategic Research Institute
   Published on :
   9 Dec, 2022, 5:52 am
   
   Leading Russian mining and steelmaker reported that it has been notified by the New York Stock Exchange that it has determined to commence proceedings to delist the ADRs representing the company’s common and preferred shares. Mechel said “The New York Stock Exchange notified the company that it has determined to commence proceedings to delist the two securities of Mechel PAO MTL ADR (each representing two common shares) and MTL PR ADR (each representing one-half of a preferred share) — from the NYSE. Trading in the company’s securities has been halted since February 28, 2022 and will now be suspended immediately.”
   
   NYSE has determined that the company’s securities are not suitable for listing pursuant to Section 802.01D of the NYSE Listed Company Manual in light of the announcements by Deutsche Bank, the depositary under the company’s ADR programs, of its intention to terminate the deposit agreements for the company’s securities effective as of December 7, 2022.
   
   According to the NYSE’s notification letter, application to the Securities and Exchange Commission to delist the Company’s Securities is pending, subject to the completion of applicable procedures, including any appeal by the Company of NYSE Regulation’s decision.
9. voda 9 december 2022 07:10

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   FALK Bouwsystemen to Take Over Salzgitter Bauelemente
   
   Strategic Research Institute
   Published on :
   9 Dec, 2022, 5:52 am
   
   FALK Bouwsystemen based in Ede in the Netherlands will be taking over Salzgitter Bauelemente, effective 1 January 2023. The takeover has now been contractually concluded, and the employees in Salzgitter have already been informed in a staff meeting. The parties have agreed to treat the purchase price confidentially.
   
   The Salzgitter site on the steelworks premises will be retained, and Salzgitter Flachstahl will continue to supply feedstock. Administrative operations are generally to be run decentrally. The business premises and the storage location will remain in the possession of Salzgitter Flachstahl and will be leased to the buyer for a minimum period of ten years, plus renewal options.
   
   Buyer FALK Bouwsystemen is a family-run company with around 150 employees, and thus twice the size of SZBE. The company has focused on the construction of buildings in industry and agriculture for 15 years and ranks as market leader in the Netherlands. The company’s production volume in the sandwich elements segment totals five million square meters, approximately five times SZBE’s volume.
   
   Salzgitter Bauelemente will continue to be managed as an independent GmbH by Kai Bohmbach, the current general manager.
   
   FALK and SZBE also derive mutual benefit from their respective technical specializations: FALK, for instance, has stated that it is the first company in the world to recycle sandwich elements, thereby reducing the environmental impact by around 40 %. SZBE, on the other hand, is already manufacturing sandwich elements from mineral wool to accommodate its customers’ fire protection requirements.
10. voda 9 december 2022 07:11

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    Jindal Stainless to Complete Jajpur & Hisar Expansion in FY 24
    
    Strategic Research Institute
    Published on :
    9 Dec, 2022, 5:52 am
    
    India’s stainless steel leader Jindal Stainless is aiming to double melting capacity to 2.1 million tonnes per annum, HRAP& CRAP, ferrochrome, Precision strip & blade steel at total CAPEX outlay of INR 2,600 crore by expanding Jajpur and Hisar plant. The expansion plans include following investments
    
    1. SMS – 1.00 million tonnes by investing INR 530 crores by Q3 of FY23
    
    2. HRAP - 0.45 million tonnes by investing INR 1250 crores byQ4 of FY23
    
    3. CRAP- 0.30 million tonnes by Q4 of FY23
    
    4. Ferrochrome - 0.10 million tonnes by investing INR 315 crores by Q3 of FY24
    
    5. Precision Strip - 38,000 by investing INR 250 crores by Q4 of FY23
    
    6. Blade Steel - 10,000 by investing INR 200 crores by Q2 of FY24
    
    In addition to volume augmentation, JSL expect increased global market share of precision strip from 3% to over 8% and remain world’s top producer of blade steel.
11. voda 9 december 2022 07:12

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    Montenegro Government’s EPCG to Acquire Zeljezara Niksic
    
    Strategic Research Institute
    Published on :
    9 Dec, 2022, 5:53 am
    
    SeeNews reported that Montenegrin’s state-owned power utility company EPCG will acquire steel mill Zeljezara Niksic from Turkey's Toscelik in a deal worth EUR 20 million. The agreed deal includes an initial payment of EUR 15 million in January and a second of EUR 5 million euro to be made by 15 February 15 after which EPCG will take over full ownership of the steel mill
    
    Montenegro's government gave approval for takeover talks to start in August.
    
    Željezara Nikšic is a Montenegrin factory for the production of iron and steel. Production at the Ironworks began in 1956with the commissioning of the first built plant of the Cold Rolling Mill. Until 1992, Željezara was named after the famous revolutionary and statesman Boris Kidric .
    
    Cold Rolling Mill (1956)
    
    Steel Mill (1957)
    
    Roller Lathe (1957)
    
    Heavy Rolling Mill (1957)
    
    Sheet metal rolling mill (1957)
    
    Small Rolling Mill (1959)
    
    The Foundry (1960)
    
    Middle Rolling Mill (1960)
    
    Steel Mill (1961)
    
    Blooming Rolling Mill (1978)
    
    Combined rolling mill (1982)
    
    The Forge (1992)
    
    In the 1990s, with the collapse of the former Yugoslavia and the introduction of sanctions, Željezara lost a significant part of the market, which began a difficult period for its operations. From March 2002 to December 2002, the Ironworks was managed by the company " Rusmont Steel " under a lease agreement. From October 2003 to July 2004, the Ironworks was managed by the company " Nexan " under a business cooperation agreement. In July 2004, the company "Midland Resources Holding” carried out the privatization of Željezara and was its owner until November 2005. The new privatization was carried out in November 2006 by the company "MN Specialty Steels ", which lasted until 2011. In 2012, the last privatization of Željezara took place, which continues to this day. The factory was bought by the Turkish company "Toscelik Special Steel ".
    
    Toscelik acquired Zeljezara Niksic in 2012 for EUR 15.1 million after placing the best bid in an auction launched by the government. Toscelik suspended production activities at Zeljezara Niksic in March 2021, due to a drop in orders caused by the coronavirus pandemic. Last year, the Turkish company said it is in talks for the sale of the steel mill.
12. voda 9 december 2022 07:12

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    ArcelorMittal Establishes R&D Center at Hamburg for Green Steel
    
    Strategic Research Institute
    Published on :
    9 Dec, 2022, 5:53 am
    
    Global steel giant ArcelorMittal has established the first German competence center for research and development for the production of climate-neutral steel. The Hamburg-based department will support the technological change towards a climate-neutral Accompany and support steel production. The newly created team will work closely with the global R&D department of ArcelorMittal and the four German locations in Bremen, Duisburg, Eisenhüttenstadt and Hamburg.
    
    The competence center coordinates basic and applied research for ArcelorMittal in Germany. The team will: also look at the further use of by-products and scrap technologies, as well as how steel production facilities need to be adapted to use more renewable energies. At the same time, the team will collaborate with universities and technological networks in Germany. Head of the new center is the Bremen chemical engineer Mr Frank Schaub, who currently has a highly specialized team of younger and experienced colleagues from various departments, compiles.
    
    As part of its XCarb decarbonization initiative, ArcelorMittal aims to make steel climate-neutral worldwide by 2050. By 2030, emissions in Europe are to be reduced by 35%. Research into the use of hydrogen and other decarbonization technologies is at the top of the agenda of the new Hamburg department. Medium and long term coal- and ore-based steel production in the blast furnace is to be increased by hydrogen-based sponge iron production by means of direct reduction and crude steel production in the electric arc furnace with green electricity. In Hamburg, the Group uses this process already with natural gas, which is to be replaced by hydrogen in the future.
    
    As early as 2025, the first low-emission steel are produced at the locations Hamburg, Duisburg, Bremen and Eisenhüttenstadt. Larger joint projects for the development of a hydrogen infrastructure are already being planned. The complete conversion to the use of green hydrogen requires public financial support and the development of green lead markets. The decarbonization of ArcelorMittal's German plants will result in savings of around twelve million tonnes of CO2 per Year.
13. voda 9 december 2022 07:13

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    RINL’s BF 1 & 2 Create New Hot Metal Production Record
    
    Strategic Research Institute
    Published on :
    9 Dec, 2022, 5:54 am
    
    Rashtriya Ispat Nigam Limited announced that Visakhapatnam Steel Plant collective have created yet another record by achieving daily hot metal production of 15,700 tonnes on 7 December 2022 from Blast Furnace 1 and 2 together which is the best daily production from both Blast Furnaces combined since inception and at more than 100% capacity utilization.
    
    The previous best daily hot metal production achieved from Blast Furnace 1 & 2 combined was 15,440 tonnes on 20 February 2022.
14. voda 9 december 2022 07:16

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    Mr Greg Manfredi Appointed as CEO of JSW Steel USA
    
    Strategic Research Institute
    Published on :
    9 Dec, 2022, 5:54 am
    
    JSW Steel announced that JSW Steel USA Chief Executive Officer Mr Mark Bush has stepped down from his role as CEO to pursue other opportunities and JSW Steel USA Chief Operating Officer Mr Greg Manfredi will lead the Mingo Junction and the Baytown teams till the appointment of a new CEO. His role will also include the continued execution of the modernization and upgrades of the plate mill facility at Baytown in US.
    
    Mr Manfredi joined JSW Steel USA in 2020, serving as the Chief Operating Officer of Steel of US operations. Mr Manfredi began his career in management at TMK IPSCO in 2007. From there, he held several key positions at SSAB in Alabama, including NAD Superintendent of Primary Operations, Superintendent of Primary Operations, Manager of Maintenance of the Heat Treat Facility at the SSAB Mobile Facility and Assistant General Manager and Manager of NAD CPDS. He holds a Bachelor of Science in Mechanical Engineering from the University of Louisville. In addition, he holds an Executive Master of Business Administration from LeTourneau University and a Certification of Project Management from Xavier University. He
    
    Mr Bush had joined JSW Steel USA as Chief Executive Officer in July of 2020. Mr Bush began his career in the steel industry in 1994 as a Caster Operations Manager with Gallatin Steel Company in Kentucky. Through his tenure, he has held key positions at SSAB such as General Manager of Mobile Operations and head of the Southern Business Team with P&L responsibility for Mobile AL and Houston TX facilities. He holds an Associate of Science in Electrical Engineering from RETS Electronics Institute.
    
    JSW Steel USA owns and operates one of the largest plate mills of America having an installed capacity of more than 1.2 million ton per annum.
15. voda 9 december 2022 07:16

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    Nippon Steel Sells Entire Stake in Seamless Pipe Leader Vallourec
    
    Strategic Research Institute
    Published on :
    9 Dec, 2022, 5:55 am
    
    Boursier, citing information from Bloomberg, reported that Japanese steel giant Nippon Steel has sold its entire stake in world’s leading manufacturer of seamless tubes Vallourec by selling 7.85 million shares at a unit price of EUR 9.90, which represents a discount of 5.7% on the closing price on 8 November evening.
    
    In 2016, Nippon Steel & Sumitomo Metal Corporation had invested EUR 350 million to increase its share in Vallourec to 15% from 1.5%. In the same year, the two companies accelerated the VAM premium joint development programs and expanded the scope of cooperation to include industrialization and enhanced customer service capabilities. In 2020, Nippon Steel increased its shareholdings by subscribing to approximately 10% of Vallourec’s shares by investing up to EUR 35 million in the purchase.
    
    For more than 40 years, Nippon Steel and Vallourec have established and maintained strong partnership through cooperation in developing VAM® premium joints for OCTG business, as well as operating joint ventures in Brazil, USA and Asia. In Brazil, Nippon Steel and Vallourec have made progress in improving the financial performance of Vallourec Solugoes Tubulares do Brasil, a pipe manufacturing joint venture between Nippon Steel, Sumitomo Corporation and Vallourec.
16. voda 9 december 2022 07:17

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    JSW Steel’s Crude Steel Production in Nov’22 up by 16% YoY
    
    Strategic Research Institute
    Published on :
    9 Dec, 2022, 5:55 am
    
    India’s leading steelmaker JSW Steel has reported standalone Crude Steel production for the month of November 2022 at 1.690 million tonnes, a growth of 16% YoY on standalone basis.
    
    Flat Products: 1.186 million tonnes, up 19% YoY
    
    Long Products: 0.347 million tonnes, up 5% YoY
    
    JSW Steel said “As part of product sustainability initiatives, the Roofing Sheets portfolio comprising colour-coated range marketed under the brand JSW Colouron+ and JSW Radiance, the Galvalume range marketed under the brands JSW Silveron+, JSW Silveron and JSW Vishwas+ and the Galvanised range marketed under brand JSW Vishwas are certified for GreenPro - Green Product certification by Cll - IGBC. These products are marketed through subsidiary JSW Steel Coated Products Limited and manufactured at its facilities in Vasind, Kalmeshwar and Tarapur.”
17. voda 9 december 2022 07:17

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    CMC Selects Berkeley County in West Virginia for Fourth Micro Mill
    
    Strategic Research Institute
    Published on :
    9 Dec, 2022, 5:56 am
    
    Irving Texas headquartered US’s leading steelmaker Commercial Metals Company has selected Berkeley County in West Virginia as the site of its fourth micro mill. The project, budgeted to cost approximately USD450 million net of incentives, is expected to have an annual capacity of 500,000 tons and employ approximately 230 people on a full-time basis. MM4 will be capable of producing various sizes of both straight length and spooled rebar. Based on anticipated timelines for permitting and construction, the new plant is scheduled to begin operations in late calendar 2025.
    
    CMC’s Chairman, President & Chief Executive Officer Ms Barbara R. Smith said “The state offers several attractive advantages for MM4, including a welcoming business climate and a skilled available labor force. The planned site, located in the eastern panhandle of the state near Martinsburg, is well-situated to serve key metropolitan markets in the Mid-Atlantic and Northeast, as well as the Midwest.”
    
    Ms Smith added “MM4 is a core component of CMC's strategic growth plan and will help ensure our long-term competitiveness in critical geographical markets. We believe this new micro mill, among the most environmentally friendly steelmaking operations in the world, will strengthen our operational network throughout the Eastern US by achieving synergies with our existing mill and downstream facilities.”
18. voda 9 december 2022 07:20

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    ArcelorMittal Ghent Launches CCU Project in Belgium
    
    Strategic Research Institute
    Published on :
    9 Dec, 2022, 5:56 am
    
    ArcelorMittal has successfully inaugurated its flagship carbon capture and utilization project at its steel plant in Ghent in Belgium on 8 December 2022 as a part of multi-technology strategy to reduce carbon emissions at Ghent plant. The EUR 200 million ‘Steelanol’ project is a first of its kind for the European steel industry. Utilizing cutting edge carbon recycling technology developed by our project partner LanzaTech, the CCU plant uses biocatalysts to transform carbon-rich waste gases from the steelmaking process and from waste biomass into advanced ethanol, which can then be used as a building block to produce a variety of chemical products including transport fuels, paints, plastics, clothing and even cosmetic perfume, hence helping to support the decarbonization efforts of the chemical sector.
    
    Once production reaches full capacity the Steelanol plant will produce 80 million liters of advanced ethanol, almost half of the total current advanced ethanol demand for fuel mixing in Belgium. It will reduce annual carbon emissions from the Ghent plant by 125,000 tonnes. Other partners involved in the Steelanol project are Primetals Technologies and E4tech.
    
    The advanced ethanol will be jointly marketed by ArcelorMittal and LanzaTech under the Carbalyst brand name.
    
    ArcelorMittal Ghent will soon inaugurate another first for the European steel industry, with its ‘Torero’ project set to come on stream in the first quarter of 2023. The EUR 35 million Torero project is designed to process sustainable biomass, initially in the form of waste wood that cannot be used in other applications, for use as a raw material input into the blast furnace, hence lowering the volume of fossil coal used. This project will reduce annual carbon emissions in Ghent by 112,500 tonnes. ArcelorMittal Ghent intends to add a second reactor to its Torero project over the next two years, hence doubling the size of the project.
    
    LanzaTech is the global leader in gas fermentation technology. The company provides novel and economic routes to ethanol, jet fuel and high-value chemicals from gas streams.
    
    Primetals Technologies, Limited, headquartered in London, United Kingdom, is a pioneer and world leader in the fields of engineering, plant building, and the provision of lifecycle services for the metals industry.
    
    E4tech is an international strategic consultancy focused on sustainable energy. Since 1997 they have worked with companies, governments, and investors to help them understand the global opportunities and challenges of clean energy.
    
    Met de oude Mittal nog op de foto!

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19. voda 9 december 2022 07:21

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    WTO Finds that US Violated Trade Rules in Imposing Section 232
    
    Strategic Research Institute
    Published on :
    9 Dec, 2022, 5:57 am
    
    Bloomberg, citing an email from Norway’s Foreign Ministry, reported that the World Trade Organization has said that the US violated trade rules when it imposed steel and aluminum tariffs that former US President Mr Donald Trump said were necessary to protect America’s national security Such a ruling, which has yet to be confirmed by the WTO, would undermine one of Mr Trump’s most controversial trade decisions. It could also increase pressure on President Mr Joe Biden to reconsider a series of internationally unpopular tariffs aimed at protecting US manufacturing jobs in swing state voting districts.
    
    Such a ruling is unlikely to impact American metal producers because the US can effectively veto it by lodging an appeal at any point in the next 60 days. WTO appeals cannot currently be heard, because the Trump administration paralyzed the appellate body in 2019.
    
    The dispute started in 2018, when Mr Trump deployed a little-used Cold War-era law known as Section 232 of the Trade Expansion Act of 1962, which allows the president to adjust imports if the Department of Commerce finds evidence of a national-security threat from foreign shipments. The Trump administration moved forward with the tariffs despite a warning from former US Defense Secretary Mr James Mattis that the duties were not necessary for the US to meet its national defense requirements and may have a negative impact on America’s allies.
20. voda 9 december 2022 13:30

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    Advies van ABN AMRO - ODDO BHF over Arcelor Mittal
    Beurshuis ABN AMRO - ODDO BHF
    Aandeel ArcelorMittal
    Datum 09 december 2022
    Advies Market outperform
    Koersdoel 35,00 EUR
    
    Detail advies
    PARIJS (Trivano.com) - Op 9 december 2022 hebben de analisten van ABN AMRO - ODDO BHF hun beleggingsadvies voor ArcelorMittal (MT; ISIN: LU1598757687) herhaald. Het advies van ABN AMRO - ODDO BHF voor ArcelorMittal blijft "market outperform".
    
    Het koersdoel wordt door ABN AMRO - ODDO BHF verlaagd van 37,00 EUR naar 35,00 EUR.