ArcelorMittal LU1598757687

Nieuws en info hier plaatsen (deel 4)

1. voda 24 januari 2023 07:31

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 26 apr 2024

   • Aanbevelingen

     Ontvangen: 82123

     Gegeven: 20915

   •    Aantal posts: 364.653

   Jindal Stainless Reports Strong Results for Oct-Dec’22 Quarter
   
   Strategic Research Institute
   Published on :
   24 Jan, 2023, 5:42 am
   
   Jindal Stainless & Jindal Stainless (Hisar) have announced financial results for October-December quarter of 2022-23.
   
   ----------------------------------------------------
   
   Standalone proforma merged (JSL + JSHL)
   
   Revenue at INR 9,073 crore, up by 5% QoQ
   
   EBITDA at INR 951 crore, up by 37% QoQ
   
   PAT at INR 568 crore, up by 58% QoQ
   
   -------------------------------------
   
   Standalone performance - JSL
   
   Revenue at INR 6,221 crore
   
   EBITDA at INR 622 crore
   
   PAT at INR 351 crore
   
   Sales volume at 330,427 tonnes
   
   ---------------------------------------
   
   Standalone performance - JSHL
   
   Revenue at INR 3,765 crore
   
   EBITDA at INR 339 crore
   
   PAT at INR 224 crore
   
   Sales volume at 174,188 tonnes
   
   Jindal Stainless said “The domestic stainless steel industry struggled with continual dumping of substandard imports from China and Indonesia, witnessing a steep increase of 230% and 300% respectively, from FY21 to FY23 (Apr-Oct Annualised). The distortion in level playing field between Indian manufacturers and subsidised foreign imports, therefore, continued throughout the quarter.”
2. voda 24 januari 2023 07:32

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 26 apr 2024

   • Aanbevelingen

     Ontvangen: 82123

     Gegeven: 20915

   •    Aantal posts: 364.653

   Shipbreaking Markets Firming Up
   
   Strategic Research Institute
   Published on :
   24 Jan, 2023, 5:42 am
   
   World’s leading buyer of old ships for recycling GMS said “A degree of increased positivity has entered recycling markets this week, as prices push on in both India off the back of firming steel and settling currencies and Bangladesh off of a rising demand and a currency that has recently found its stability around BDT 105. In fact, a number of sales have reportedly even taken place at increasingly firm numbers, giving Ship Owners a greater sense of confidence to offer their recycling candidates up for sale, especially after an altogether bleak 2 quarters.”
   
   GMS said “Financing problems persist in both Bangladesh and Pakistan, but End Buyers in both locations are endeavoring to find alternate solutions, rarely successful at this stage, to open LCs, including private financing not going through government banks, foreign currency LCs and even usance LCs, now that markets seem to be stabilizing and even firming up again.”
   
   GMS also said “Plots across most locations remain fairly barren after one of the slowest years in terms of recycling volumes in decades and as such, demand for new units is ramping up across all markets and as prices increase, so too do the number of available candidates for sale after a relative dearth at the end of last year.”
   
   GMS added “Even in Turkey, despite a drop in steel plates and a currency that has been relatively unchanged for the last couple of weeks, prices have held their ground amidst growing news of units being talked about basis a Spring delivery.”
   
   GMS concluded “Overall, the supply of vessels is mostly coming from the container sector and an increasing number of HKC green sales – thus putting the deal focus squarely on Alang for another week. Moreover, as dry bulk charter rates weaken and we enter a period of relative inactivity due to Chinese New Year holidays, we do expect to see even more dry candidates heading the recycling path in the weeks & months ahead.”
   
   GMS demo rankings – India/Pakistan/Bangladesh – Week 03 up USD 20-25 WoW
   
   Dry Bulk – USD 525-540 per LDT
   
   Tankers – USD 535-550 per LDT
   
   Containers - USD 545-560 per LDT
3. voda 24 januari 2023 07:33

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 26 apr 2024

   • Aanbevelingen

     Ontvangen: 82123

     Gegeven: 20915

   •    Aantal posts: 364.653

   Greenland Resources & Scandinavian Steel Join Hands for Molybdenum
   
   Strategic Research Institute
   Published on :
   24 Jan, 2023, 5:42 am
   
   Toronto headquartered Greenland Resources has signed a non-binding memorandum of understanding for long term molybdenum supply with the Swedish company Scandinavian Steel, a leading distributor of ferrous and non-ferrous metals, pig iron and alloys to the steel, foundry and chemical industry on a worldwide basis.
   
   The MOU sets the path for a supply agreement of Molybdenite concentrate as well as secondary products like Ferromolybdenum and Molybdenum Oxide. In order to diversify and maximize molybdenum sales price, the Company marketing strategy targets direct sales to end users, arrangements with roasters to meet downstream end user products specifications, and sales to distributors that can be of strategic importance, with a strong focus on the European Union metallurgical, chemical, and industrial markets.
   
   Founded in 1958, Scandinavian Steel has grown to become a leading distributor of ferrous and non-ferrous metals, pig iron and alloys to the steel, foundry, and chemical industry on a worldwide basis. Many of their products are used to produce the raw materials which later become vital components in the automotive, aerospace and electronics industries. With headquarters located in Stockholm, Sweden, they are supported by a network of offices in Europe and Asia.
   
   Greenland Resources is focused on Malmbjerg molybdenum project, an open pit operation with an environmentally friendly mine design focused on reduced water usage, low aquatic disturbance and low footprint due to modularized infrastructure. The Malmbjerg project benefits from a NI 43-101 Definitive Feasibility Study completed by Tetra Tech in 2022, with Proven and Probable Reserves of 245 million tonnes at 0.176% MoS2, for 571 million pounds of contained molybdenum metal. As the high-grade molybdenum is mined for the first half of the mine life, the average annual production for years one to ten is 32.8 million pounds per year of contained molybdenum metal at an average grade of 0.23% MoS2. The project had a previous exploitation license granted in 2009.
4. voda 24 januari 2023 07:33

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 26 apr 2024

   • Aanbevelingen

     Ontvangen: 82123

     Gegeven: 20915

   •    Aantal posts: 364.653

   Jindal Stainless Supplies Stainless Steel for Mumbai Metro Project
   
   Strategic Research Institute
   Published on :
   24 Jan, 2023, 5:43 am
   
   Jindal Stainless has supplied stainless steel for the outer panels, car body, structurals, roofs, interiors, underframes, and other stainless steel applications for Phase 2 of the Mumbai Metro Line 2A and 7, launched on 20 January 2023.
   
   For this Mumbai Metro project, Jindal Stainless started supplying high-quality stainless steel grade 301LN in various tempers and in 2J finish. The supply, which started in January 2021, is expected to continue till December 2025. Jindal Stainless is supplying material from its different manufacturing units across the country for the project. The trainsets are being developed by Bharat Earth Movers Limited in batches and out of the total 576 coaches required for this project, 144 coaches have been supplied so far. Approximately 5,760 metric tonnes of stainless steel would be consumed to develop 18.6 km 2A Metro line and 16.5 km 7 Metro line respectively.
   
   In the past, Jindal Stainless has supplied to metro projects in Sydney and Queensland, apart from Delhi, Kolkata, Bangalore, Chennai, and other metro projects.
5. voda 24 januari 2023 07:34

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 26 apr 2024

   • Aanbevelingen

     Ontvangen: 82123

     Gegeven: 20915

   •    Aantal posts: 364.653

   TISCO Operates SMS's Most Powerful 4.3-Meter Heavy-Plate Mill
   
   Strategic Research Institute
   Published on :
   24 Jan, 2023, 5:43 am
   
   Shanxi Taigang Stainless Steel in Taiyuan in China has successfully produced the first plate on its new 4.3-meter heavy plate mill supplied by SMS group. It is the most powerful hot rolling mill of its kind ever supplied by SMS. The rolling force of 109 MN in relation to the roll barrel length of 4.3 meters provides the mill a very innovative design and high environmental compatibility. A further distinguishing feature of the mill is the wide range of material it can roll, including carbon steels, quality steels, low-alloyed steels, grades for ship, bridge and pressure vessel construction, weather- and wear-resistant plates, pipe grades according to the API standard, as well as stainless steel and nickel-based materials.
   
   Designed for an annual production capacity of 700,000 tonnes, the mill can produce plates from 1,550 up to 4,200 millimeters wide within a thickness range from 5 up to 120 millimeters and more, in the future. Thanks to the new mill, Tisco can provide the market with an extended portfolio of products. In particular, the mill’s capability to process advanced grades, such as stainless and duplex steels, nickel-based alloys and super-austenitic grades, into products that meet the needs of markets, such as infrastructure, chemical, shipbuilding and on- and off-shore wind turbine construction for fossil-free energy production, plays a key role for Tisco.
   
   The 4-high rolling stand with attached edger is the central production unit of the heavy plate mill. The vertical edger features combined mechanical & hydraulic roll gap adjustment to achieve extremely tight tolerances. To be able to process even very short slabs, the heavy edging stand is equipped with a newly developed, specially driven support roller table.
   
   The rolling stand is characterized by high rolling forces and a correspondingly high forming capacity. The combination of a very large roll gap opening and the coaxial CVC plus, Continuously Variable Crown, technology with integrated powerful work roll bending is a new development that allows rolling stock with initial thicknesses of up to 960 millimeters to be processed, providing for an outstandingly wide product range.
   
   SMS achieved the extremely high stiffness factor of the mill by means of various technological design features, such as the use of 2.3-meter backup rolls. Another characteristic feature is the mill’s maintenance-friendly design. Being a market leader in heavy plate rolling technology for many decades, SMS was able to consider comprehensive operating experience and feedback received from customers in the design of the new mill.
   
   Tisco can now produce plates from a wide range of input material, from cast ingots of extreme dimensions to small slabs sizes, to achieve highly flexible and dynamic production in compliance with the tightest geometrical tolerances.
6. voda 24 januari 2023 07:35

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 26 apr 2024

   • Aanbevelingen

     Ontvangen: 82123

     Gegeven: 20915

   •    Aantal posts: 364.653

   Welspun’s EPIC to Supply HSAW Pipes to NEOM & PETROJET
   
   Strategic Research Institute
   Published on :
   24 Jan, 2023, 5:44 am
   
   India’s leading pipe maker Welspun Corp’s East Pipes Integrated Company for Industry in Saudi Arabia has announced signing contracts for the supply of steel pipes for water transmission with a total value of around SAR 569 million (USD 152 million)
   
   1. Multiple contracts are signed with NEOM with total value of around SAR 373 million inclusive of value added tax. The pipes have to be supplied within 12 months
   
   2. Contract is signed with PETROJET with total value of around SAR 196 million inclusive value added tax.
   
   EPIC is Saudi Arabia's leading manufacturer of Helical Submerged Arc Welded pipes. Its fully integrated manufacturing facilities, track record of effective execution, and technological knowhow, enable it to remain well-placed to secure further projects both in the Water and Oil & Gas sector.
7. voda 24 januari 2023 07:35

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 26 apr 2024

   • Aanbevelingen

     Ontvangen: 82123

     Gegeven: 20915

   •    Aantal posts: 364.653

   Hefestos Capital is New Owner of TMK Artrom in Romania
   
   Strategic Research Institute
   Published on :
   24 Jan, 2023, 5:44 am
   
   Belgrade based Serbian Investment Company Hefestos Capital has acquired the European division of TMK in a deal which was closed late last year for an undisclosed price and has renamed TMK Artrom as Artrom Steel Tubes. Hefestos Capital purchased from TMK Group 100% of its German subsidiary TMK Europe, which in turns owns 99.999914% of the share capital of TMK Artrom. The owners of Hefestos Capital are Mr Milutin Nikolic and Mr Pavle Kavran with stakes of 50% each, he added.
   
   TMK Artrom is one of Europe's leading manufacturers of industrial seamless pipes, and the company exported nearly 85% of its products to more than 50 countries. It operates two production units in Romania: a steel pipes plant in Slatina and a steel mill in Resita where it employs a total of 2,320 people. The production capacity of TMK-Resita metallurgical plant is 450,000 tonnes of steel products per year, while that of TMK-Artrom is 200,000 tonnes of tubular products.
   
   In 2022, Romania's tax authority froze TMK Artrom's accounts and assets as a result of EU sanctions on Russia's invasion in Ukraine. Following the change in its ownership, Hefestos has requested that the company's assets and account be unblocked, as it no longer belongs to the Russian group.
   
   Russia’s leading pipe maker TMK is not including European subsidiaries in the group's structure starting from December 2022. According to a list of affiliated entities published by the company, companies no longer included on the list beginning on 12 December are
   
   TMK-Artrom in Romania
   
   TMK Europe
   
   TMK Italia
   
   TMK Industrial Solutions
   
   TMK-Artrom's General Director Mr Adrian Popescu, TMK-ltalia Head Mr Luca Zorzi and TMK Industrial Solutions Head Mr Michael Christopher were also removed from the list of affiliates as of 12 December.
   
   The website of the European division of TMK, the address of which is provided on the TMK website, is being overhauled, with the name of the Romanian company being given there as Artrom Steel Tubes.
   
   Last spring, TMK founder Mr Dmitry Pumpyanskiy withdrew as a shareholder of the company after being put on the EU sanctions list and control was transferred to the company's management. Mr Pumpyanskiy being subject to sanctions was the reason for the blocking of TMK-Artrom's accounts by Romanian tax authorities, local media reported. In the summer, the funds of TMK's European subsidiary were unblocked.
   
   Hefestos Capital was established in 2001 and has been active in the European, Asian and African markets in industries such as industrials and manufacturing, retail, oil and gas, FMCG, financial services and energy.
8. voda 24 januari 2023 07:36

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 26 apr 2024

   • Aanbevelingen

     Ontvangen: 82123

     Gegeven: 20915

   •    Aantal posts: 364.653

   Former PM Mr Deve Gowda Urges PM to Stop SAIL VISL Closure
   
   Strategic Research Institute
   Published on :
   24 Jan, 2023, 5:45 am
   
   Express News Service reported that Former Prime Minister Mr HD Deve Gowda has written to Prime Minister Mr Narendra Modi requesting him to withdraw the closure order pertaining to Steel Authority of India Limited Visvesvaraya Iron and Steel Plant in Bhadravathi. Mr Gowda wrote “In my tenure as prime minister, I had taken the initiative to merge VISL with SAIL in 1996 after which it became a unit of SAIL. The main intention of the merger with SAIL was to upgrade technology through managerial support for the modernisation of VISL with an investment of INR 650 crore. However, it didn’t materialise,” Gowda rued in the letter.
   
   Highlighting the massive capability of VISL to produce more than 700 grades of alloy and special steels catering to the requirements of ordnance factories, nuclear complexes, wheel and axel units, automobiles etc, Mr Gowda wrote “There is a dire need for the revival of the unit by making investments. Further, the extent of 150-acre captive iron ore mines have been allocated to VISL in the Ramanadurga area of the Ballari district and the process to start mining is at an advanced stage. The mine is expected to be operational by 2024
   
   Mr Gowda added “VISL is the only public-sector steel plant in Karnataka. If VISL is closed, it will adversely affect 20,000 families. I sincerely hope that with a few crores of investment, this company can be transformed into a profitable venture and can further contribute to the development of Atma Nirbhar Bharat by catering to defence, nuclear, automobile, railway sectors etc.”
   
   VISL was established by the great visionary and engineer-statesman Bharat Rathna M Visvesvaraya 105 years ago. VISL, which was started as Mysore Wood Distillation Plant in 1918 and later on became Mysore Iron and Steel Works, was renamed Mysore Iron and Steel Limited. MISL was a unit of the state government till 1989 after which it became a subsidiary of the Steel Authority of India Ltd. VISL became a complete unit of SAIL in 1998. It operates two blast furnaces and has 216,000 tonne per annum crude steel production capacity
   
   Due to certain constraints the factory was facing in 2016, NITI Aayog had referred it for privatisation under the disinvestment policy and invited an Expression of Interest. Due to the lack of interest from private players, the Ministry of Finance’s DIPAM has decided to annul the EOI and terminated the transaction of strategic disinvestment of VISL.
9. voda 24 januari 2023 07:36

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 26 apr 2024

   • Aanbevelingen

     Ontvangen: 82123

     Gegeven: 20915

   •    Aantal posts: 364.653

   Japanese Crude Steel Output Dips by 7% in 2022
   
   Strategic Research Institute
   Published on :
   24 Jan, 2023, 5:45 am
   
   Japan Iron and Steel Federation announced that Japan’s crude steel output shrank by 7% YoY in 2022 to 89.2 million tonne while BOF converter production totaled 73.3 million tonne, down 2% YoY and Electric Arc Furnace production increased by 5% YoY to 26.7 million tonne
   
   Hot Metal – 64.1 million tonne, down 9% YoY
   
   Steel Products – 78.6 million tonne, down 7% YoY
   
   Rails & Wheels - 0.4 million tonne, down 14% YoY
   
   Sheet Piles - 0.4 million tonne, down 27% YoY
   
   Sections - 5.1 million tonne, flat YoY
   
   Bars - 8.3 million tonne, down 1% YoY
   
   Rounds for Tubes - 0.3 million tonne, down 5% YoY
   
   Wire Rod - 1.4 million tonne, up 4% YoY
   
   HRC Wide - 35.9 million tonne, down 10% YoY
   
   HRC Narrow - 0.5 million tonne, down 3% YoY
   
   CR - 14.4 million tonne, down 13% YoY
   
   Galvanized - 8.4 million tonne, down 14% YoY
   
   Electrical Sheet - 1.3 million tonne, down 3% YoY
   
   Tin Plate - 0.6 million tonne, down 8% YoY
   
   Steel Pipes - 3.5 million tonne, down 3% YoY
10. voda 24 januari 2023 07:37

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 26 apr 2024

    • Aanbevelingen

      Ontvangen: 82123

      Gegeven: 20915

    •    Aantal posts: 364.653

    POSCO Holdings Income Dips by 47% in 2022 due Typhoon Hinnamnor
    
    Strategic Research Institute
    Published on :
    24 Jan, 2023, 5:46 am
    
    POSCO Holdings has reported that its operating income nearly halved in 2022 largely due to a typhoon in September and an industry downturn. Its operating income stood at KRW 4.9 trillion (USD 3.96 billion) in 2022, sharply down from an operating income of KRW 9.2 trillion in 2021. Its sales however rose 11% YoY to KRW 84.8 trillion.
    
    POSCO Holdings said the slump in its 2022 earnings was blamed on typhoon-related damage and a downturn in the steelmaking sector amid an economic slump. In September, POSCO was forced to halt three blast furnaces at its steel mill and steel processing facilities in Pohang, 272 kilometers southeast of Seoul, as Typhoon Hinnamnor pounded the facilities. The production of cold-rolled steel sheets and stainless steel was hit hardest by the powerful typhoon that killed more than 10 people, and caused severe flooding and damage.
    
    The steelmaker earlier judged the storm to have cost it KRW 2.04 trillion in lost revenue and has estimated a drop of KRW 1.3 trillion in its 2022 operating income due to the typhoon and the costs for the recovery.
11. voda 24 januari 2023 07:38

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 26 apr 2024

    • Aanbevelingen

      Ontvangen: 82123

      Gegeven: 20915

    •    Aantal posts: 364.653

    Tata Steel Studying UK Government Support Package
    
    Strategic Research Institute
    Published on :
    24 Jan, 2023, 5:46 am
    
    Press Trust of India has reported that Tata Steel is studying UK government’s support package plans for the British steel industry and will consider it carefully before arriving at strategic decisions on the future of its UK business. The report quoted a Tata Steel spokesperson as saying that “We have received communication from the UK government in relation to a framework for the continuity and decarbonization of steel making in the UK. We are studying it and will consider it carefully prior to strategic decisions on the future of our UK business.”
    
    Tata Steel has previously warned that it could be forced to shut down its operations in the UK if it did not receive support in its move towards greener, less carbon-intensive steelmaking.
12. voda 24 januari 2023 07:38

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 26 apr 2024

    • Aanbevelingen

      Ontvangen: 82123

      Gegeven: 20915

    •    Aantal posts: 364.653

    POSCO Restarts All Typhoon Hit Rolling Mills at Pohang Plant
    
    Strategic Research Institute
    Published on :
    24 Jan, 2023, 5:47 am
    
    Korea Herald reported that South Korean steelmaker POSCO has completed the restoration and started normal operations of all 17 rolling mills at Pohang steelworks, which are responsible for more than one-third of POSCO’s 13.5 million tonnes of steel products produced annually, on January 20, 135 days after flooding caused by super typhoon Hinnamnor, which hit the east coast of the Korean peninsula on 6 September 2022. A day after the typhoon hit, POSCO halted all operations at the steel mill, a first since the factory was established in 1973, as storms and heavy rains submerged the POSCO's facilities underwater.
    
    POSCO has attributed its quick recovery from the storm to its some 1.4 million employees' combined efforts to carry out the maintenance work. POSCO said “Domestic and foreign experts had asserted that it was impossible to repair the main motors for steel rolling machines, which weigh 170 tonnes, within a year. But employees dismantled, washed, and assembled the machines themselves, in a bid to accelerate the recovery process.”
    
    POSCO further attributed the quick recovery of its damaged plants to its collaboration with global companies including JSW Steel. With POSCO especially in need of motor drives that provide electricity to the mills after 11 out of 15 motor drives had been damaged by the storm, POSCO said JSW had provided the motors necessary equipment to POSCO to expedite the recovery.
    
    POSCO further said governmental bodies such as the National Fire Agency and local governments helped, as they provided large-capacity hydro pumps, firefighting pumps and sprinklers while providing the military forces, including the Marine Corps, to help restore its mills.
13. voda 24 januari 2023 07:39

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 26 apr 2024

    • Aanbevelingen

      Ontvangen: 82123

      Gegeven: 20915

    •    Aantal posts: 364.653

    UK May Offers Support to Save Jobs at Tata Steel & British Steel
    
    Strategic Research Institute
    Published on :
    24 Jan, 2023, 5:47 am
    
    The Guardian has reported that Tata Steel UK & British Steel running Britain’s four remaining steel blast furnaces are likely to be offered GBP 600 million in government support to help fund the switch from coal and invest in lower-emissions technology. As per report, UK’s Chancellor Mr Jeremy Hunt is expected to confirm GBP 300 million each for British Steel and Tata Steel in an announcement as soon as this week, although the timing will depend on them accepting the offers. It is understood any government support would be conditional on the companies also committing to investing in the plants themselves, and will be tied to environmental investments in order to comply with state aid rules.
    
    Labor Party’s MP for Aberavon, home to the Port Talbot steelworks, Mr Stephen Kinnock said “While news of the UK government’s forthcoming investment is welcome, the reality is that it will just act as another sticking plaster for an industry that needs a level playing field in order to compete internationally in the long term.”
    
    GMB national officer Ms Charlotte Brumpton-Childs has welcomed the aid, but added that “Ultimately, this is a sticking plaster. It does nothing to address the wider issues in the industry: catastrophic energy costs and a grossly uneven international trading environment.”
    
    The steel industry is one of the most difficult to decarbonize because of the huge energy requirements and the use of coking coal in iron smelting, a process that emits carbon dioxide directly. China’s Jingye British Steel and Tata Steel are looking at how to upgrade their plants from burning coal to electric arc furnaces, which heat recycled metal using electricity that can in theory come from zero-emissions sources.
    
    The companies’ plants employ thousands of workers with two furnaces each at Scunthorpe in Lincolnshire and Port Talbot in south Wales respectively.
14. voda 24 januari 2023 07:42

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 26 apr 2024

    • Aanbevelingen

      Ontvangen: 82123

      Gegeven: 20915

    •    Aantal posts: 364.653

    BHP WA Iron Ore Celebrating 10 Years of Remote Operations
    
    Strategic Research Institute
    Published on :
    24 Jan, 2023, 3:30 am
    
    BHP WA Iron Ore has celebrated 10 years of its remote operations centre in Perth. The Integrated Remote Operations Centre began operating from BHP’s St Georges Terrace office at the end of 2012.
    
    The IROC is responsible for operating most of BHP’s WA iron ore logistics and processes, connecting the four processing hubs and five mining hubs with more than 1000km of rail and port facilities in the Pilbara.
    
    The centre operates a wide range of machinery, trains, trucks and drill rigs in the Pilbara and has recently begun the process of automating the company’s shiploaders in Port Hedland.
15. voda 24 januari 2023 07:44

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 26 apr 2024

    • Aanbevelingen

      Ontvangen: 82123

      Gegeven: 20915

    •    Aantal posts: 364.653

    Benelux scrap falls further amid weak demand
    418 Views
    
    Scrap prices in the Benelux continue to fall amid weak demand in export destinations.
    
    Exporters’ dock prices, which were at around €330-335/tonne a week ago, were mostly at $320/t ($348) in Belgium and €330/t ($360) delivered in the Netherlands on Monday.
    
    Demand in major export destinations, Turkey and India, remains weak as buyers expect lower prices. However, tight supply in the EU continues to be an issue for exporters who are struggling to source a sufficient tonnage of material at lower prices.
    
    Some European exporters who short-sold are seen being forced to pay higher prices to fill the sold vessels.
    
    Turkish mills are seen taking their scrap purchases slowly due to sluggish rebar sales in both export and domestic markets. Although there are some mills inquiring about scrap, it is unclear if they require material or are just gauging suppliers’ positions.
    
    Three deep-sea bookings were heard towards the end of last week. While a Baltic supplier sold HMS 1&2 80:20 at $400/t cfr Turkey, the same grade was sold by a US supplier at $410/t cfr. The price spread between these two deals surprised market players, with most finding the US value not representative of a market where rebar prices are falling.
    
    While European and US suppliers are aiming to sell HMS 1&2 80:20 at above $405/t and $410/t cfr respectively, Turkish mills are seen continuing to push for lower prices, below $400/t cfr. US suppliers, however, managed to reach targeted prices last Friday.
    
    A Turkish mill tells Kallanish: “Turkey’s steel production is currently limited to the domestic market’s required volume. However, despite production being halved, mills have for the past two months bought as much scrap as in usual times. I think mills would rather wait now instead of buying scrap at above $400/t cfr and bearing a loss.”
    
    A European supplier is heard offering HMS 1&2 80:20 at around $410/t cfr Turkey from the Netherlands.
    
    In India, mills started buying cargoes that have been redirected from Pakistan due to letter-of-credit issues in the country. A few cargoes were concluded at $445/t cfr Nhava Sheva for shredded last week, while offers were at around $445-450/t cfr on Monday. Buyers’ interest is weak, however, as they feel prices will continue to edge down.
    
    Burcak Alpman Turkey
16. voda 25 januari 2023 08:45

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 26 apr 2024

    • Aanbevelingen

      Ontvangen: 82123

      Gegeven: 20915

    •    Aantal posts: 364.653

    Researcher Develop Closed Loop' Carbon Recycling for Blast Furnace
    
    Strategic Research Institute
    Published on :
    25 Jan, 2023, 4:50 am
    
    Researchers from the UK’s University of Birmingham have designed a novel adaptation for existing iron and steel furnaces that could reduce carbon dioxide emissions from the steelmaking industry by nearly 90%. This radical reduction is achieved through a 'closed loop' carbon recycling system, which could replace 90% of the coke typically used in current blast furnace-basic oxygen furnace systems and produces oxygen as a byproduct.
    
    Devised by Professor Yulong Ding and Dr Harriet Kildahl from the University of Birmingham's School of Chemical Engineering, the system is detailed in a paper published in the Journal of Cleaner Production, which shows that if implemented in the UK alone, it could deliver cost savings of GBP 1.28 billion in 5 years while reducing overall UK emissions by 2.9%.
    
    Professor Ding said “Current proposals for decarbonising the steel sector rely on phasing out existing plants and introducing electric arc furnaces powered by renewable electricity. However, an electric arc furnace plant can cost over GBP 1 billion to build, which makes this switch economically unfeasible in the time remaining to meet the Paris Climate Agreement. The system we are proposing can be retrofitted to existing plants, which reduces the risk of stranded assets, and both the reduction in CO2, and the cost savings, is seen immediately.”
    
    The novel recycling system captures the CO2 from the top gas and reduces it to CO using a crystalline mineral lattice known as a 'perovskite' material. The material was chosen as the reactions take place within a range of temperatures (700-800oC) that can be powered by renewable energy sources and/or generated using heat exchangers connected to the blast furnaces.
    
    Most of the world's steel is produced via blast furnaces which produce iron from iron ore and basic oxygen furnaces which turn that iron into steel. The process is inherently carbon intensive, using metallurgical coke produced by destructive distillation of coal in a coke oven, which reacts with the oxygen in the hot air blast to produce carbon monoxide. This reacts with the iron ore in the furnace to produce CO2. The top gas from the furnace contains mainly nitrogen, CO and CO2, which is burned to raise the air blast temperature up to 1200 to 1350oC in a hot stove before blown to the furnace, with the CO2 and N2 (also containing NOx) emitted to the environment.
    
    Under a high concentration of CO2, the perovskite splits CO2 into oxygen, which is absorbed into the lattice, and CO, which is fed back into the blast furnace. The perovskite can be regenerated to its original form in a chemical reaction that takes place in a low oxygen environment. The oxygen produced can be used in the basic oxygen furnace to produce steel.
    
    The new system can be retrofitted to existing furnaces, with the addition of an array of additional gas separators and heat exchangers required to support the perovskite splitter.
    
    University of Birmingham Enterprise has filed a patent application covering the system and its use in metal production and is looking for long-term partners to participate in pilot studies, deliver this technology to existing infrastructure, or collaborate on further research to develop the system.
    
    www.sciencedirect.com/science/article...
17. voda 25 januari 2023 08:47

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 26 apr 2024

    • Aanbevelingen

      Ontvangen: 82123

      Gegeven: 20915

    •    Aantal posts: 364.653

    Ms Natalie Stecula Heading Communications Strategy at Salzgitter
    
    Strategic Research Institute
    Published on :
    25 Jan, 2023, 4:51 am
    
    Since the beginning of the year, Ms Natalie Stecula has assumed responsibility for corporate communications strategy within the Group headed by Salzgitter. She reports to Thorsten Möllmann, who has been active as head of Communication & Brand since May 2022. The 34-year-old Ms Stecula is charged with developing and implementing the Group’s communications, branding and brand strategy, which in turn will be oriented towards the Group’s “Salzgitter AG 2030” strategy with the goal of positioning the steel and technology group as a leading corporation participating in the global circular economy.
    
    Ms Stecula majored in German studies, among other subjects, at the Technical University of Braunschweig and most recently worked in corporate communications for the Liebherr group of companies. Thanks to her previous employment experience in publishing & content marketing, public relations and marketing, she has amassed broad-based knowledge of target group-oriented communication and strategic areas of action.
18. voda 25 januari 2023 08:47

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 26 apr 2024

    • Aanbevelingen

      Ontvangen: 82123

      Gegeven: 20915

    •    Aantal posts: 364.653

    Restoration of Damaged Azovstal Steel Plant Impossible
    
    Strategic Research Institute
    Published on :
    25 Jan, 2023, 4:51 am
    
    Russian state owned media TASS has reported that Russian authorities do not plan to rebuild the Azovstal Iron and Steel Works, which was destroyed by Russian troops during the siege of Mariupol in the spring of 2022. Russian Construction Ministry official Ms Yulia Maximova said “Restoring the massive facility would be impossible and unprofitable.”
    
    Ms Maximova also said that operations at the Ilyich Steel and Iron Works, which was also badly damaged during Russia’s siege, have been suspended, and that the plant will never operate as it previously did.
19. voda 25 januari 2023 08:48

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 26 apr 2024

    • Aanbevelingen

      Ontvangen: 82123

      Gegeven: 20915

    •    Aantal posts: 364.653

    German Crude Steel Production in 2022 at 14 Year Low
    
    Strategic Research Institute
    Published on :
    25 Jan, 2023, 4:53 am
    
    German steel association WV Stahl has reported that crude steel production in Germany was 36.8 million tonnes in 2022, down 8% YoY. This marks, with the exception of the corona year 2020, the lowest annual value since 2009.
    
    The production volume of the second half of the year even represents a low point since reunification. At 17.3 million tonnes, production in the second half of the year was 11% YoY.
20. voda 25 januari 2023 09:09

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 26 apr 2024

    • Aanbevelingen

      Ontvangen: 82123

      Gegeven: 20915

    •    Aantal posts: 364.653

    ArcelorMittal South Africa Unveils Decarbonisation Roadmap
    
    Strategic Research Institute
    Published on :
    25 Jan, 2023, 4:53 am
    
    ArcelorMittal South Africa had communicated in its 2021Environmental, Social and Governance report that it was planning to play its part in achieving the ArcelorMittal group’s 2050 net-zero carbon goal. Now, the company has published its Decarbonisation Roadmap. ArcelorMittal South Africa CEO Mr Kobus Verster said “The Decarbonisation Roadmap is based on clear actions that can support the achievement of the Company's Decarbonisation targets. It is testimony to our commitment to becoming a net-zero steel business by 2050. Implementation of our Decarbonisation Roadmap will not only change the way the Company operates but will be a catalyst for changing the steel industry and the economy of South Africa."
    
    The Decarbonisation Roadmap is a bold endeavor that will guide the work required to reach ArcelorMittal South Africa’s Decarbonisation commitments. As the Company progresses towards net zero, implementation of the ArcelorMittal group’s systems, technology and intellectual property will represent real knowledge transfer to South Africa. Confidence in the Company’s ability to achieve net zero is substantially bolstered by the support of the group's many experts and its ongoing investments.
    
    The Decarbonisation Roadmap is based on the implementation of clear actions and interventions. However, it is by no means cast in stone and will be subject to regular updates and changes as breakthrough technologies emerge and are proven - which will influence how the Company ultimately implements its energy transition.
    
    Key features of the Decarbonisation Roadmap are:
    
    Targeting a reduction of ArcelorMittal South Africa’s carbon intensity from 2.9 tonnes of carbon dioxide per tonne of crude steel (tCO2/tCS) in 2018 to 2.16 tCO2/tCS by 2030, and a residual 0.4 tCO2/tCS by 2050
    
    Based on these targets, the Company will have succeeded in reducing its carbon intensity by 25% by 2030, and 86% by 2050, with residual emissions being offset by yet-to-be-developed technologies and/or carbon offset arrangements
    
    The Decarbonisation Roadmap sets out key assumptions and initiatives supporting implementation. These include:
    
    One of the two Blast Furnaces at Vanderbijlpark undergoing a reline and upgrade between 2027 and 2030 and the commissioning of a suitable electric arc furnace in Vanderbijlpark. This means that in 2030, in addition to the EAF, one Blast Furnace will then be permanently closed, and another returned to service as a low carbon-enabled furnace.
    
    The substantial transformation of the Company's current electricity supply will require an active, real transition from coal-based electricity to electricity from renewables and other clean sources. In this regard the Company has announced projects to generate at least 200 megawatts of renewable power on its premises.
    
    Collaboration with various partners and potential opportunities related to the use of green hydrogen in Saldanha resulting in the production of lower carbon steel.
    
    Opportunities at Vanderbijlpark for capture and the conversion of process carbon into various much-needed net-zero energy and chemical products.