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1. voda 8 februari 2023 06:55

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   India’s Coking Coal Imports Surge by 20% in April-January
   
   Strategic Research Institute
   Published on :
   8 Feb, 2023, 6:23 am
   
   Indian Ports Association has announced that India's iron ore export, thermal coal import & coking coal imports through all major ports in the country during the April-January period of 2022-23 have been provisionally recorded at 35.114 million tonnes, down 15% YoY, 107.368 million tonnes, up 36% YoY & 48.948 million tonnes, up 20% YoY, respectively
   
   For iron ore & pellet export, top 2 ports accounted for 72% of total volumes handled
   
   Paradeep – 13.7 million tonne, down 15% YoY
   
   Vishakhapatnam – 11.5 million tonne, down 4% YoY
   
   For thermal coal import, top 3 ports accounted for 72% of total volumes handled
   
   Paradeep – 39.8 million tonne, up 66% YoY
   
   Ennore – 18.6 million tonne, up 20% YoY
   
   Ennore – 18.4 million tonne, up 8% YoY
   
   For coking coal imports, top 2 ports accounted for 64% of total volumes handled
   
   Kolkata SMP – 19.7 million tonne, up 64% YoY
   
   Paradeep – 11.6 million tonne, up 1% YoY
2. voda 8 februari 2023 06:56

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   Algoma Steel Gets Court Extension in 2019 Oil Spill Case
   
   Strategic Research Institute
   Published on :
   8 Feb, 2023, 6:23 am
   
   Soo Today has reported that Canadian flat steel maker Algoma Steel has been given another extension on one of the three major oil spills since 2019 signaling that as long as the ministry will keep agreeing to provide time extensions, the court has been granting the motion. Algoma Steel was back in court with the Ministry of Environment, Conservation and Parks on 1 February but both parties agreed to another extension. Algoma Steel’s next court appearance is 12 April 2023.
   
   On 18 October 2019, there was a rupture of a steam drain line which was located below an electrical room in our coke making by-products plant, which resulted in a loss of power to the BP. In accordance with our emergency procedures, the coke oven gas bleeders were lit to flare the coke oven gas. Additionally, the loss of power caused the coke making south raw liquor tank and the tar running tanks to overflow. Raw liquor was conveyed to the main water filter plant ia a sewer located in the BP. This resulted in effluent exceedances at the MWFP for phenol, ammonia and total cyanide and a toxicity failure for rainbow trout. The incident remains under investigation by MECP.”
   
   The first power loss that caused a spill on 9 March 2019 caused 65-Million liters of waste oil to be spilled in the St Mary’s River. This spill on 18 October 2019, we do not know the extent of damages to the local ecosystems as of yet. The last spill in June of last year has not been calculated by the ministry or Algoma Steel. The estimated amount of waste oil ranges from 10,000 to 40,000 liters.
3. voda 8 februari 2023 06:56

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   Liberty Steel Rejects Public Acquisition Offer for Dudelange
   
   Strategic Research Institute
   Published on :
   8 Feb, 2023, 6:23 am
   
   Local media Wort has reported that Liberty Steel has rejected an acquisition offer for its Dudelange galvanizing mill in Luxembourg from National Credit and Investment Company SNCI. LCGB union Deputy Secretary General Mr Robert Fornieri said “We're nowhere to sell the site at the moment. Local management says it is mainly informed by the press. The chairman of the works council also explains that he doesn't know any more. This is outrageous and is becoming more and more confusing!”
   
   Mr Fornieri added “Management is working on a restart set for the month of May with a plan for resumption, but I don't believe it too much anymore, they have already indicated us resumption for all months of the year.”
   
   Ministry of Economy has recently announced the GFC Alliance group has rejected the government's offer. It had said “The sale would be made through the SNCI. SNCI would purchase the assets of Liberty Steel and then resell them to one of the industrial buyers that the Department is in contact with. A first such proposal from the ministry was rejected by Liberty Steel while a counter-proposal is pending.”
   
   The LCGB representative is now waiting for February 24, the date by which a buyer must be found for the Liège-based Liberty Steel company. Last December, the Liège Company Court upheld the decision to initiate legal restructuring proceedings.
   
   The Dudelange mill, which produces hot-dip galvanized coil, has been idled for weeks
4. voda 8 februari 2023 06:57

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   Conclave Lays Road Map for Decarbonization of Indian Steel Sector
   
   Strategic Research Institute
   Published on :
   8 Feb, 2023, 6:26 am
   
   The Solar Quarter has reported that Conclave on Transitioning Towards Green Steel organized by the Minerals & Metals Committee of PHD Chamber of Commerce and Industry on 4 February 2023 has highlighted that with Kalyani Steels becoming the first Green Steel producer of India, all major Indian steel manufacturers are now beginning to transition towards Green Steel but want cheap supplies of Green Power and Green Hydrogen to make the transition financially viable.
   
   Ministry of Steel’s Director Ms Neha Verma in her address stressed that considering the rate of growth of Indian economy, demand & production of steel will increase in India but so will emissions. She said “Indian Steel production capacity is likely to increase to 300 million tonnes per year from existing capacity of 155 million ton per year by 2030 and to around 500 million tonnes per year by 2047. Hence the Government of India is now emphasizing on Green growth, which has also been the highlight of the recently presented Budget.”
   
   She appealed to the Industry to invest more in R & D and use innovative technologies rather than only relying on capital intensive technologies like Green Hydrogen, which may take years to become feasible. Ms Verma enumerated 5 ways for decarbonizing the steel sector
   
   1. Energy Efficiency
   
   2. Use of Renewable Energy
   
   3. Input Material efficiency
   
   4. Use of Green Hydrogen
   
   5. Carbon Capture & Storage. She appealed to the Industry to invest more in R & D and use innovative technologies rather than only relying on capital intensive technologies like Green Hydrogen, which may take years to become feasible.
   
   Kalyani Steels MD Mr R K Goyal explained the success story of his company as India’s first Green Steel producer. He advised steel manufacturers to analyze the emission generation at each stage of the steel manufacturing process and try to reduce it. He informed that 55% of the total steel produced in India was through Electric Arc Furnace & Induction Furnace route, which can be easily decarbonized by using Green Energy or Green Hydrogen.
5. voda 8 februari 2023 06:58

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   ArcelorMittal Kryvyi Rih Facing Power & Logistics Hurdles
   
   Strategic Research Institute
   Published on :
   8 Feb, 2023, 6:24 am
   
   Ukraine’s largest steelmaker ArcelorMittal Kryvyi Rih hopes for an improvement in the situation with power supply in the first half of this year and an increase in production from the current 25% to 50% of the plant's capacity. ArcelorMittal Kryvyi Rih CEO Mr Mauro Longobardo told reporters “We can't produce more than 25% because we don't have enough power. As soon as we have power, we can increase production and reach 50%. ArcelorMittal Kryvyi Rih is currently operating at 25% in ore mining and steel production and consumes about 125 MW, compared to the pre-war typical consumption level of about 450 MW.”
   
   Mr Longobardo added that after the recent decision of the government, ArcelorMittal Kryvyi Rih started importing electricity and is currently quite satisfied with the result, although the price of imports adds a negative impact on the cost.
   
   He also said that if there is sufficient power supply, further restrictions of 50% of capacity are already related to logistics. As Longobardo said, ArcelorMittal Kryvyi Rih is actively developing new routes alternative to the pre-war maritime ones, and preliminary new directions to Poland and southern Ukraine will ensure 50% of production work. According to him, without the resumption of operation of the main ports of Ukraine, the plant will not be able to either export products or ensure coal imports. Longobardo said that AMKR is currently operating entirely on Ukrainian coal, as the operation of the traditional coal import route from Kazakhstan from another ArcelorMittal's subsidiary is currently interrupted.
   
   ArcelorMittal Kryvyi Rih is the largest producer of rolled steel in Ukraine. It specializes in the production of long products, in particular rebar and wire rod.
6. voda 8 februari 2023 06:59

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   EU’s CBAM to Accelerate Decarbonization in China
   
   Strategic Research Institute
   Published on :
   8 Feb, 2023, 6:24 am
   
   China Dialogue has reported that although China is the EU’s largest trading partner, CBAM in its current form will have limited impacts on the country’s exports to the EU but it may to act as an external incentive for China’s national ETS to grow so as to offset some long-term impacts. The mechanism may motivate Chinese policymakers to improve the national carbon-accounting system, start obliging certain companies to pay for their emissions and speed up the expansion of the national carbon market
   
   Launched in July 2021, China’s national ETS currently covers the power sector only. While the scheme has largely reached its initial goals of setting up a trading system and raising basic awareness of emissions trading, it faces various challenges, such as underwhelming trading volumes and a low carbon pricing point. There is a consensus among experts that CBAM might encourage the market to grow.
   
   An analysis published in China Dialogue in 2021 had found that the mechanism would only affect cement, aluminium, fertilizers and iron and steel, which together represented less than 2% of China’s exports into the EU in 2019.
   
   European Union have negotiators agreed in December to charge a carbon border tax on certain imports into the bloc, beginning in 2026.The Carbon Border Adjustment Mechanism will require non-EU companies to pay a levy on some emissions intensive products to make up the difference between the carbon price in their origin countries and that of the EU emissions trading system, the bloc’s key climate policy tool. During a transition period from October 2023 to December 2025, non-EU manufacturers will only be required to report their emissions. After that, a levy will be brought in gradually from 2026 to 2034, meaning EU importers will have to purchase certificates equivalent to the weekly EU carbon price.
   
   The mechanism will initially cover six categories of products: iron and steel, cement, aluminium, fertilizers, electricity and hydrogen.
7. voda 8 februari 2023 06:59

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   Thyssenkrupp Celebrates 50 Years of Schwelgern 1 Blast Furnace
   
   Strategic Research Institute
   Published on :
   8 Feb, 2023, 6:24 am
   
   German steelmaker Thyssenkrupp is celebrating 50 years of operations of blast furnaces Schwelgern 1 in Duisburg Plant in Germany shaping the skyline of Duisburg-Marxloh. Schwelgern 1 blast furnace in Duisburg was inaugurated by the then August-Thyssen Hütte on 6 February 1973. With a hearth diameter of 14 meters and a capacity of 4,200 cubic meters, blast furnace 1 set new standards in 1972 in terms of size and performance. After its relining in 2021, the black giant is back at the cutting edge and will be on its sixth furnace campaign.
   
   More than 70,000 cubic meters of concrete and 38,000 tonnes of steel were used in building the blast furnace
   
   Despite the imminent move away from blast furnace technology, Schwelgern 1 was once again brought back to the state of the art in 2021 for the transitional period. After a three-month shutdown and the investment of a sum running into the mid-double-digit millions, thyssenkrupp Steel launched the steel colossus onto its sixth and thus probably final furnace campaign in October 2021
   
   As part of the transformation to carbon-neutral steelmaking, the coal-fired blast furnaces will be replaced by direct reduction plants operating with hydrogen. Thyssenkrupp Steel plans to place the order for a first plant shortly. Then the "black giant" will also take its well-deserved "retirement" after its last campaign.
8. voda 8 februari 2023 07:00

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   US Court of Appeal Allows Higher Duty on Nails & Fasteners Imports
   
   Strategic Research Institute
   Published on :
   8 Feb, 2023, 6:25 am
   
   Reuters has reported that the US Federal Circuit Court of Appeals in Washington has upheld the imposition of higher steel tariffs on such as nails and fasteners, rejecting the claim that the Trump administration missed deadlines to impose them.
   
   The Trump administration had imposed the tariffs in 2020, after the Commerce Department said some steel imports threatened national security by depressing the use of domestic steel-producing capacity.
9. voda 8 februari 2023 07:00

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   JFE Steel to Expand CRNO Electrical Steel Capacity
   
   Strategic Research Institute
   Published on :
   8 Feb, 2023, 6:25 am
   
   Japan’s second largest steelmaker JFE Steel, which is expanding the electrical steel sheet capacity of its West Japan Works in Kurashiki Area for startup targeted at the first half of the fiscal year starting in April 2024, is now planning an additional expansion targeted at a startup in the fiscal year beginning April 2026.
   
   The additional expansion, which will cost some JPY 50.0 billion, will triple the works’ current capacity for top-grade non-oriented electrical steel sheets used in the main engine motors of electric vehicles. The current expansion, first announced in April 2021 and costing some JPY 49.0 billion, will double the works’ existing capacity for top-grade non-oriented electrical steel sheet.
   
   The electrification of automobiles is accelerating amid the global push toward carbon neutrality. The demand for high-grade non-oriented electrical steel sheet products used in the drive motors of electric vehicles is expected to continue expanding in parallel with the further tightening of global environmental regulations. In response, JFE Steel has decided to further expand its production capacity to accommodate this rising demand.
   
   Electrical steel sheet, which contains additives such as silicon and aluminum, offers excellent magnetic properties including high magnetic flux density and low iron loss. Two types of sheet are available. Non-oriented electrical steel sheet, which offers excellent magnetic properties that are nearly uniform in all directions, is used in the iron cores of motors. Grain-oriented electrical steel sheet, which exhibits superior magnetic properties in a single (rolling) direction, is used in the iron cores of power and distribution transformers.
   
   JFE Steel expects to continue expanding its supply capacity for both types of electrical steel sheet in anticipation of further demand increases as automobiles become more electric, energy use becomes more efficient, and renewable energy is adopted more widely.
10. voda 8 februari 2023 07:01

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    SAIL RSP Organizes Event on Reducing Carbon Footprint in Metals
    
    Strategic Research Institute
    Published on :
    8 Feb, 2023, 6:25 am
    
    Steel Authority of India Limited’s Rourkela Steel Plant, along with Indian Institute of Metals Rourkela Chapter & NIT Rourkela, organized 2 day long International Conference on Reducing Carbon Footprint in Metal Industries at Gopabandhu Auditorium. Rourkela Steel Plant former Managing Director Dr Sanak Mishra highlighted the importance of industrialisation, urbanisation as well as reducing emissions. He said “Steel industry has a great future in India, as the per capital steel consumption in the country is very low. We however have to take cognizance of carbon footprint as well as resources like water, power and good quality raw material.”
    
    More than 300 persons from 39 industrial organizations including Tata Steel, JSW Steel, JSPL, Hindalco and various units of SAIL as well as 7 Academic and Research Institutes had taken part in the conference. In the 10 technical sessions organised during the conference, 35 research papers were presented and various aspects of Reducing Carbon footprint in the metal industries were discussed.
11. voda 8 februari 2023 07:02

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    India’s Steel Consumption Stays above 10 Million Tonnes in January
    
    Strategic Research Institute
    Published on :
    8 Feb, 2023, 6:26 am
    
    According to latest data from Steel Ministry’s Joint Plant Committee has revealed that India’s crude steel production in January 2023 has been estimated at 10.68 million tonne, marginally lower than 10.96 million tonnes in January 2022, while finished steel production was 10.04 million tonnes down 3% YoY & finished steel consumption was 10.50 million tonnes up 1% YoY
    
    Indian finished steel exports have been provisionally estimated at 580,000 tonnes in January 2023, down 28% YoY but up 33% MoM. During April-January, steel exports stood at 5.33 million tonnes, a decline of 52% YoY
12. voda 8 februari 2023 12:01

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    Turkish scrap silenced as Iskenderun mills suspend output
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    Activity in Turkey’s scrap market is almost zero as neither mills nor suppliers are talking about business in the aftermath of Monday’s massive earthquake, which has left thousands dead and more trying to survive. Mills in the Iskenderun area, a major production hub, have halted production.
    
    Although there are rumours about a sharp decrease in scrap prices, this has not been confirmed by the buy or sell sides.
    
    Commenting on the current situation, Turkish Steel Producers’ Association (TCUD) general secretary Veysel Yayan tells Kallanish: “No mill in the [earthquake-hit] region is operating under current conditions. Mills will start doing due diligence tomorrow. While no significant damage has been reported to production facilities as they are made of structural steel, the buildings, cranes or open areas may be damaged. It is not yet clear when they will resume production. Although we saw improved production in January and the Turkish steel market was just about to recover, it has now been hit by the earthquake.”
    
    Yayan expects February steel production to fall sharply.
    
    Botas has cut natural gas flow to the region, while roads and highways are heavily damaged. Meanwhile, the fire in Iskenderun port continues. The port is used by steelmakers mostly for containerised steel sales rather than scrap imports. At mills’ ports, where scrap imports are carried out, no damage has yet been reported.
    
    The crude steel producers in the region are Isdemir, Toscelik, Ekinciler, MMK Metallurgy, Koç Metallurgy and Bastug Metallurgy. There are also numerous pipe producers as well as steel service centres.
    
    A scrap supplier says: “No one talks about business in the middle of this tragedy. I am not expecting any activity this week.”
    
    Another supplier says: “No remarkable damage is being reported by steelmakers. However, there is no one to work at the factories and no gas. I think the major issues are absent employees and transportation, besides continuing aftershocks.”
    
    “The exact picture of the damage and the consequences of the earthquake will be determined once steel manufacturers reach their employees,” says a mill.
    
    Some producers are heard focusing on gathering rescue teams to help people rather than on steel operations. Some plants are meanwhile opening their facilities to people for shelter.
    
    In Turkey’s rebar market, buyers’ appetite is quite poor. Western and Marmara mills’ offers are standing at $720-725/tonne ex-works, while prices of $711-715/t are available from stockists.
    
    Amid subdued activity, Kallanish kept its daily assessment for HMS 1&2 80:20 cfr Turkey unchanged at $425-428/t on Tuesday.
    
    Burcak Alpman Turkey
13. voda 8 februari 2023 14:55

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    Beursblik: analisten verwachten opnieuw winsthalvering ArcelorMittal
    
    Zowel op kwartaal- als jaarbasis flinke afname.
    
    (ABM FN-Dow Jones) ArcelorMittal heeft in het vierde kwartaal van 2022 vermoedelijk veel minder winst behaald. Dit verwachten 10 analisten die bijdroegen aan de bedrijfsconsensus van de staalreus.
    
    De analisten rekenen gemiddeld op een EBITDA in het vierde kwartaal van 1,26 miljard dollar. Dat zou een ruime halvering zijn van de 2,7 miljard dollar in het derde kwartaal van dit jaar, wat toen ook grofweg een halvering was ten opzichte van 5,2 miljard dollar in het tweede kwartaal.
    
    In het vierde kwartaal van 2021 lag de EBITDA zelfs op 5,1 miljard dollar.
    
    Daarnaast mikken de analisten voor het afgelopen kwartaal op een nettowinst van 358 miljoen dollar en een winst per aandeel van 0,38 dollar.
    
    JPMorgan gaat voor het vierde kwartaal uit van een EBITDA van circa 1 miljard dollar. De zakenbank schreef de afname van het resultaat toe aan de combinatie van vooral lagere prijzen en volumedalingen, maar ook aan hogere kosten. De bank verwacht bij de kwartaalcijfers op donderdag geen aankondiging voor een aanvullende aandeleninkoop.
    
    Barclays verlaagde in januari van dit jaar al de ramingen voor het operationeel resultaat (EBITDA) voor heel 2022 naar 14,1 miljard dollar tegen eerder 14,5 miljard dollar. Deze bank heeft het advies op Overwogen staan met een koersdoel van 35,00 euro.
    
    ArcelorMittal opent op 9 februari de boeken over het vierde kwartaal.
    
    Het aandeel ArcelorMittal noteerde woensdagmiddag op een vlak Damrak 0,2 procent lager op 27,41 euro.
    
    Door: ABM Financial News.
    
    info@abmfn.nl
    
    Redactie: +31(0)20 26 28 999
14. voda 9 februari 2023 07:15

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    GPH Ispat Loss Reduces in Oct-Dec’22 Quarter
    
    Strategic Research Institute
    Published on :
    9 Feb, 2023, 5:50 am
    
    Financial Express has reported that Bangladesh’s leading steelmaker GPH Ispat has reported a loss of BDT 55.88 million in October-December quarter of FY 2022-23, much lower than loss of BDT 794.07 million in the first quarter. As a result, the company incurred a loss of BDT 849.95 million in the first half of the current FY23 as compared to profit of BDT 949.4 million in the first half of the current FY22. GPH Ispat has attributed losses to significant increase of foreign currency conversion rate as well as the shortage of power supply which has disrupted production and also adversely affected production costs
    
    However, GPH Ispat net revenue grew by 44% YoY to BDT 14.74 billion in October-December 2022 quarter, due to increased production capacity following the completion of a new plant. And in the six months, its net revenue rose 42% YoY to BDT 27.56 billion.
15. voda 9 februari 2023 07:15

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    US Court Orders Refund of Section 232 Duties to Borusan Mannesmann
    
    Strategic Research Institute
    Published on :
    9 Feb, 2023, 5:51 am
    
    Turkish pipe maker Borusan Mannesmann has announced that, as a result of its legal action it has fully collected the USD 48.9 million in duties paid, including USD 7.5 million in interest, during 2018-19 period for pipes supplied to the Gulf Coast Express Pipeline Project in the US. The company had paid these duties within the scope of the Section 232 measures which came into force in 2018, though these shipments were later exempted from the Section 232 duties.
    
    The United States Court of Appeals for the Federal Circuit has pronounced that the US Department of Commerce broke with its own policy when it crafted higher anti-dumping duties on steel imports by deducting national security tariffs from the price of steel pipes
    
    5 year old Turkish Borusan Group, Borusan Mannesmann, merged its operations with Europe’s leading steel and technology firm Salzgitter Mannesmann in 1998. Borusan Mannesmann’s 7 facilities across 3 continents make it a leading manufacturer in Europe and the world in the steel pipe industry.
    
    Gemlik ERW Pipe Plant
    
    Gemlik HSAW Pipe Plant
    
    Gemlik Automotive Tubes Plant
    
    Halkali Plant
    
    Bursa Facility
    
    Vobarno Plant Italy
    
    Houston Baytown Plant US
16. voda 9 februari 2023 07:16

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    Felman Production Bags 5 Year Ferro Silicomanganese Deal in US
    
    Strategic Research Institute
    Published on :
    9 Feb, 2023, 5:51 am
    
    New Haven West Virginia-based US’s leading manufacturer of ferroalloys Felman Production has signed a five-year agreement to sell ferro silicomanganese to a leading steelmaker in US. Felman Production’s leaders Mr Mordechai Korf & Mr Uriel Laber said “This agreement is a win not only for Felman Production's workers but for the region and for American manufacturing. We're proud to work with a world-class company that shares our commitment to creating and protecting good-paying jobs while playing a key role in bolstering America's manufacturing footprint, especially at a time when our country is making generation-defining investments in infrastructure.”
    
    Founded in 2006 and headquartered in New Haven, Felman Production is one of only two companies in the United States that produces ferrosilicomanganese. Located along the Ohio River near New Haven in Mason County, Felman Production has three submerged arc furnaces that have the capacity to produce approximately 105,000 tons of ferro silicomanganese annually. Since August 2018, Felman Production has been operating around the clock only this fully upgraded furnace, which in 2020 has produced more than 52,800 ton of ferro silicomanganese. Felman Production’s products are exclusively distributed through Felman Trading Americas.
17. voda 9 februari 2023 07:16

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    Turkish Rebar Exports Volume Shrinks to 5.7 Million Tonnes in 2022
    
    Strategic Research Institute
    Published on :
    9 Feb, 2023, 5:52 am
    
    According to the preliminary data provided by the Turkish Statistical Institute TUIK, Turkey’s rebar exports were about 5.7 million tonnes in 2022, down by 23% YoY low market demand, global worried about economic recession, and persistent safeguard measures. The major destinations, except Europe, include
    
    Israel - 1.05 million tonnes
    
    Yemen - 740,000 tonnes
    
    US - 355,000 tonne
    
    Canada - 245,000 tonnes
    
    However, the export value amounted to USD 4.2 billion in 2022, up 12% YoY
18. voda 9 februari 2023 07:17

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    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 20 apr 2024

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    MSS Steel Tubes USA to Set Up Pipe Mill in Memphis in Tennessee
    
    Strategic Research Institute
    Published on :
    9 Feb, 2023, 5:52 am
    
    Tennessee Governor Mr Bill Lee and Department of Economic & Community Development Commissioner Mr Stuart McWhorter have announced that MSS Steel Tubes USA will invest USD 6 million to locate its first facility in Memphis in Tennessee. It will be located on Outland Road near Lamar and East Raines Road.
    
    Metalogalva Group’s CFO Ms Margarida Caetano said “We are excited to open this new plant in Memphis and contribute to the development of the region and becoming part of the local community. Our business relies heavily on fast, affordable and reliable transportation, and Memphis is uniquely positioned to meet our requirements. This region is a destination of choice for manufacturers, and we believe that we will find locally the answer to a wide range of ancillary needs to our industrial activity.”
    
    MSS Steel Tubes USA is a subsidiary of MSS Steel Tubes, which is based in Portugal, with participation from Metalogalva Group from Portugal, and Soufer Group from Brazil.
19. voda 9 februari 2023 07:17

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 20 apr 2024

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    Essar Group Plans Steel Plant in Saudi & LNG Terminal at Hazira
    
    Strategic Research Institute
    Published on :
    9 Feb, 2023, 5:53 am
    
    ToI has reported that Ruia family’s Essar group is planning to set up steel plants in Saudi Arabia and Odisha as well as a facility to import LNG at Hazira in Gujarat. Essar Capital Director Mr Prashant Ruia said “The proposed investments will mark Essar’s second coming after deleveraging exercise by repaying INR 2 lakh crore loans over the last three years.
    
    The group has set up a unit to retail LNG and is also examining setting up in India a green ammonia plant.”
    
    Essar will also invest through its UK subsidiary Essar Oil UK in a blue hydrogen plant at the Stanlow refinery and a green ammonia unit in India.
20. voda 9 februari 2023 07:18

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 20 apr 2024

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    US Steel Import Permits in January Surge by 13% MoM
    
    Strategic Research Institute
    Published on :
    9 Feb, 2023, 5:54 am
    
    The American Iron and Steel Institute has reported that US’s steel import permit applications for the month of January 2023 totaled 2.483 million net tons, up 13% MoM from the 2.203 net tons recorded in December 2022. Import permit tonnage for finished steel in January was 1.952 million net ton, up 5% MoM from the final imports total of 1.863 million net ton in December. The estimated finished steel import market share in January was 23%.
    
    Steel imports with large increases in January permits vs the December final imports include heavy structural shapes up 102%, cut lengths plates up 69%, tin free steel up 63%, ingots and billets and slabs up 56% and reinforcing bars up 51%.
    
    In January, the largest steel import permit applications were for Canada at 591,000 net ton up 13% vs December final, Mexico 458,000 net ton up 10%, Brazil 309,000 net ton up 535%, Japan 108,000 net ton down 9% and South Korea 104,000 net ton down 55%).