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1. voda 6 juni 2023 07:38

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   Enviri: Backing Sustainable Solutions for Environmental Challenges
   
   Strategic Research Institute
   Published on :
   6 Jun, 2023, 5:45 am
   
   Harsco Corporation takes a momentous step toward environmental sustainability by unveiling its new name, Enviri Corporation, effective immediately. The company will commence trading under the NYSE ticker symbol "NVRI" on June 19, 2023.
   
   The decision to rebrand comes as a testament to Enviri's remarkable evolution into a single-thesis environmental solutions company over the past four years. With a focus on managing, recycling, and beneficially reusing waste and byproduct materials across multiple industries, the new name and brand identity better align with the company's vision for a greener future.
   
   Nick Grasberger, Chairman and CEO of Enviri Corporation, emphasized the significance of the rebrand, stating, "As we considered where we are today, how our business has evolved and our commitment to the environment, it is important to have a name and brand identity that align with this image." Enviri is energized to enter this new era, continuing its legacy of excellence that spans over 170 years while delivering value to investors, customers, partners, and communities.
   
   EnviriTM, with a global presence of over 150 operating sites, is at the forefront of innovation initiatives centered around decarbonization, energy efficiency, and enhanced resource recovery technologies. The company's commitment to achieving zero waste for its customers and partners is visually represented in its new logo, symbolizing the transformation from waste to reuse and recycling.
   
   While Enviri Corporation now operates under its new name, its divisions, namely Harsco Environmental, Clean Earth, and Harsco Rail, will continue their operations under their existing names as integral parts of the Enviri family. This strategic move allows the company to maintain its established identities while driving forward with a unified commitment to environmental stewardship.
2. voda 6 juni 2023 07:39

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   ERG Explores Low-Carbon Steel Feedstock Production Amid Sanctions
   
   Strategic Research Institute
   Published on :
   6 Jun, 2023, 5:48 am
   
   Kazakhstan's Eurasian Resources Group (ERG) is contemplating a groundbreaking venture in the production of feedstock for low-carbon steel manufacturing, reports Bloomberg. The company's iron-ore shipments to Russia were disrupted by sanctions, leading to a suspension of sales to its major customer, Magnitogorsk Iron & Steel Works PJSC. In response, ERG, with 40% ownership by the Kazakh state, is now considering the construction of a hot briquetted iron (HBI) plant to supply electric-arc furnaces, facilitating the production of low-carbon steel.
   
   The impact of the war in Ukraine is reshaping conventional trade flows, and ERG's ambitious project is poised to challenge Metalloinvest Holding, Russia's largest producer of HBI. Metalloinvest, with billionaire Alisher Usmanov as its principal shareholder, has already redirected its sales efforts toward Asian markets like China, given the limitations imposed by sanctions and trading restrictions on exports to Europe.
   
   Serik Zhumangarin, Kazakhstan's Deputy Prime Minister, expressed the significance of ERG's deliberations, stating, "As iron ore can no longer be shipped to Russia, we are seriously considering the project." This strategic move not only addresses the immediate challenge but also highlights the company's adaptability and commitment to innovation.
   
   According to Serik Shakhazhanov, the general director of ERG's Kazakhstan business, the first phase of the HBI plant, with an annual capacity of 2 million tons, could commence operations as early as 2026. Preliminary agreements have been established with state-owned QazaqGas for gas supply during the initial phase, and a second phase with the same capacity may be ready by 2028.
   
   ERG's new HBI plant could specifically target the Chinese market, as the company has already secured preliminary agreements for an offtake deal. This forward-looking initiative not only positions ERG as a significant player in the low-carbon steel sector but also demonstrates its commitment to exploring new markets and opportunities amidst challenging circumstances.
3. voda 6 juni 2023 07:40

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   JSW Steel Achieves Milestone in Waste Plastic Injection in BF
   
   Strategic Research Institute
   Published on :
   6 Jun, 2023, 5:51 am
   
   In a remarkable feat of environmental stewardship, JSW Steel, a prominent integrated steel manufacturer, has achieved a breakthrough in waste plastic injection trials at its Vijayanagar Steel Plant. By injecting a substantial quantity of waste plastic into Blast Furnace 3, JSW Steel demonstrates its unwavering commitment to sustainability and innovation in the steel manufacturing sector.
   
   After conducting extensive trials over the past year, JSW Steel's Blast Furnace team successfully injected waste plastic through tuyeres in the furnace. This pioneering approach reduces coke consumption while maintaining the iron's quality, presenting a viable alternative to fossil fuels and addressing the pressing issue of plastic waste management.
   
   Expressing his delight, Mr. LR Singh, COO of JSW Steel Vijayanagar Works, stated, "We are thrilled to announce the successful waste plastic injection trial at our blast furnace. This achievement aligns with our vision of responsible corporate citizenship and underscores our commitment to sustainable practices."
   
   Mr. PK Murugan, President of JSW Steel Vijayanagar & Salem Works, added, "I am immensely proud to announce the success of our waste plastic injection trial. This pivotal moment showcases our dedication to innovation and responsible environmental stewardship. By embracing sustainable practices, we are forging a cleaner and greener future, solidifying our position as an industry pioneer."
   
   The waste plastic injection initiative exemplifies JSW Steel's broader commitment to sustainability. By integrating innovative solutions and leveraging advanced technologies, the company strives to minimize its environmental impact and set new standards in the steel industry. Collaborating with global experts and implementing groundbreaking practices, JSW Steel remains at the forefront of driving positive change in the sector.
4. voda 6 juni 2023 07:40

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   EU Extends Suspension of Import Duties on Ukrainian Exports
   
   Strategic Research Institute
   Published on :
   6 Jun, 2023, 5:53 am
   
   The European Union has recently made a significant decision to extend the suspension of import duties on exports from Ukraine. This development, outlined in the EU Official Journal, upholds preferential arrangements between the EU and Ukraine for another year. Effective from June 6, 2023, until June 5, 2024, this decision underscores the importance of maintaining fair trade practices and fostering bilateral cooperation.
   
   The regulation emphasizes the need for compliance with specific rules to ensure the integrity of the preferential arrangements. Ukraine is required to refrain from implementing any new duties, fees, or quantitative restrictions that could hinder trade with the EU, unless there is clear justification for such actions. It is crucial for Ukraine to abide by these terms and conditions to safeguard the continuation of duty-free exports to the EU.
   
   The EU has set these conditions to prevent fraudulent practices and protect the interests of both parties involved. By imposing strict guidelines, the EU aims to maintain a level playing field and promote transparency in trade relations. This decision also demonstrates the EU's commitment to fostering mutually beneficial partnerships and supporting Ukraine's economic growth.
   
   It is important for Ukraine to recognize the responsibility placed upon it to comply with these regulations. Failure to adhere to the prescribed terms and conditions may result in the suspension of preferential treatment. Therefore, Ukraine must exercise caution and ensure that it meets the obligations set forth by the EU.
5. voda 6 juni 2023 07:41

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   Inclusion of Refractories in PLI Scheme 2.0 Likely
   
   Strategic Research Institute
   Published on :
   6 Jun, 2023, 5:59 am
   
   The Centre's focus on augmenting India's steel production capacity to 300 million tonnes by 2030 has prompted discussions on including refractories in the upcoming Production Linked Incentive (PLI) Scheme 2.0. Refractories, vital for steel production, have become a significant concern due to India's heavy dependence on imported raw materials. The Ministry of Steel is actively engaging with the refractory industry to design an incentive policy that stimulates domestic production and reduces reliance on imports from China.
   
   During a recent meeting with industry stakeholders in Kolkata, Abhijit Narendra, Joint Secretary of the Ministry of Steel, highlighted the steel industry's significant reliance on refractories. Presently, the sector consumes 70% of the total refractory output. Achieving the ambitious goal of doubling steel capacity within the next 6-7 years necessitates focused attention on developing a sustainable supply of this crucial raw material.
   
   The PLI Scheme 2.0, soon to be announced, aims to provide financial incentives to support domestic manufacturing and attract investments. Discussions are currently underway to incorporate refractories into the scheme. Under the previous PLI scheme, the government approved Rs 6,322 crore to boost the steel sector, leading to an anticipated investment of around Rs 30,000 crore and the creation of an additional 25 million tonnes of specialty steel production in the next five years.
   
   Although refractories account for only 2-3% of steel production costs, they play an indispensable role in the steel-making process. Experts emphasize that not a single tonne of steel can be produced without this essential component.
   
   The refractory sector, valued at Rs 15,000 crore, faces challenges in sourcing raw materials and dependence on imports from China. By incentivizing domestic production, the PLI scheme aims to address these issues and foster collaboration between the refractory and steel sectors. The government's focus on bolstering domestic manufacturing and attracting investments aligns with its broader objective of achieving self-sufficiency in critical sectors.
6. voda 6 juni 2023 07:42

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   SSAB & Fortum Initiate Study on Hydrogen DRI Production in Raahe
   
   Strategic Research Institute
   Published on :
   6 Jun, 2023, 6:02 am
   
   SSAB, in collaboration with Fortum, has embarked upon an ambitious Front-End Engineering Design (FEED) study aimed at exploring the prospects of large-scale hydrogen-reduced sponge iron production in Raahe. The primary objective of this endeavor is to evaluate the technical and commercial viability of manufacturing fossil-free sponge iron and establishing a hydrogen production plant. The comprehensive study is expected to conclude by the first quarter of 2024, providing invaluable insights for future decision-making.
   
   This FEED study serves as a natural continuation of the ongoing joint research project titled "FFS - Towards Fossil-free Steel." Launched in February 2021, this endeavor has received support from Business Finland and has laid the foundation for SSAB's transformative journey towards a predominantly carbon dioxide-free Nordic strip production by 2030. SSAB has already demonstrated its commitment to sustainable steel production by successfully manufacturing and delivering 500 tonnes of fossil-free steel in 2022.
   
   The results of the FEED study will play a crucial role in shaping the future of steel production, enabling the development of innovative and environmentally friendly solutions.
   
   In March 2023, SSAB achieved yet another significant milestone by introducing SSAB Zero, an innovative carbon dioxide-free steel variant produced using recycled scrap and powered by fossil-free energy sources. This breakthrough has paved the way for SSAB to adopt a flexible manufacturing approach at its Oxelösund mill, wherein a combination of fossil-free sponge iron and scrap will serve as the raw materials for steel production, eliminating carbon dioxide emissions. This groundbreaking methodology is anticipated to be implemented starting in the fourth quarter of 2026.
7. voda 6 juni 2023 07:43

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   Germany Confirms Commitment to tkH2steel Green Steel Project
   
   Strategic Research Institute
   Published on :
   6 Jun, 2023, 6:05 am
   
   In an official announcement, the German Federal Ministry of Economics has once again voiced its unwavering support for the construction of a cutting-edge steel plant in Duisburg by thyssenkrupp. The "tkH2steel" project carries immense importance for the decarbonization of the industry and the future of Germany as a prominent industrial hub. The ministry made this statement following the unofficial visit of German Economics Minister Robert Habeck to thyssenkrupp's headquarters in Essen and the steel site in Duisburg. During his visit, Habeck engaged in discussions with the company's management and scheduled meetings with employee representatives.
   
   Thyssenkrupp, Germany's largest steel manufacturer, has plans to commence operations at the new hydrogen-capable large-scale ironmaking plant by the end of 2026. Initially, the plant will rely on natural gas for its operations, gradually incorporating hydrogen from late 2027 onwards. With a total cost exceeding two billion euros, the project is a joint effort between the state and federal governments, who are seeking approximately two billion euros in funding. However, final approval from the EU Commission is still pending.
   
   Recently, senior employee representatives from thyssenkrupp penned an open letter to Minister Habeck, urging him to expedite the approval of the promised funding amount. The employees fear that the future of thyssenkrupp's steel division, which employs 27,000 workers, is at stake if the project, along with other green steel initiatives, fails to materialize.
   
   The German Ministry of Economics, in Berlin, reaffirmed its commitment to the project and assured that they are actively engaging with the EU Commission. The ministry stated, "We are also in continuous exchange with representatives of thyssenkrupp Steel Europe and the state of North Rhine-Westphalia." Their goal is to secure the necessary funds of approximately two billion euros.
   
   The Economy Minister, Robert Habeck, embarked on a visit to Essen and Duisburg to hold discussions with the management and labor representatives of Thyssenkrupp. This visit comes after weeks of criticism from workers who believe that Berlin's support has been inadequate. While appreciating the public show of support, Thyssenkrupp CEO Miguel Lopez emphasized the importance of swift clarity and approval from the EU Commission to move forward without delay.
   
   Under the tkH2Steel project, which focuses on hydrogen-based climate strategies for steel production, Thyssenkrupp aims to commission a direct reduction iron (DRI) plant capable of producing 2.5 million metric tons of steel annually. The project is scheduled to begin operations in 2026 and carries an estimated cost of over two billion euros, covering the site development and required infrastructure.
8. voda 6 juni 2023 08:02

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   Cautious optimism creeps into Turkish flat steel market
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   Although prices slid during last week, the Turkish flat steel market became cautiously optimistic by Friday. Market participants started reporting from Thursday about the reactivating of purchasing by local flat steel buyers, sources inform Kallanish.
   
   Buyers’ mood has changed in reaction to the expectation of the appointment of Turkey’s new cabinet and central bank executives, which was positively received by businesses. This led to active booking from domestic producers on Thursday and Friday, with the trend expected to continue into the coming week.
   
   Major hot rolled coil suppliers such as Erdemir, Colakoglu, and Habas have closed July-shipment sales, and it is anticipated that August-shipment material sales will be opened in the coming weeks, possibly at slightly higher prices.
   
   While a significant hike of $50/tonne in domestic prices is not expected for August-shipment material, a $10-20/t increase is likely, according to steel service centre representative. Domestic producers have a more advantageous position in terms of shipment compared to imports, as the most competitive Asian-origin HRC available for booking now would be for August/September arrival. This makes domestic buying more appealing for buyers, particularly service centres.
   
   Suppliers of import material from Asian nevertheless expect increasing activity from Turkish import buyers this week.
   
   However, not all market participants share the same level of optimism when it comes to imports. Some participants have raised concerns about the country's liquidity problems and the declining value of the lira, which can complicate import transactions. These factors may impact the willingness or ability of some businesses to engage in import activities.
   
   China-origin HRC suppliers, who offered material at $560-565/t cfr Turkey at the beginning of last week, unchanged from the previous week, increased their offers by around $5-10/t on Thursday.
   
   On Friday evening, it was reported that some Chinese mills withdrew offers, anticipating prices of around $600/t cfr Turkey for HRC and $680/t cfr for cold rolled coil in the following week. However, it was not largely confirmed at the time of the publication.
   
   Elina Virchenko UAE
9. voda 7 juni 2023 06:56

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   thyssenkrupp ZM Ecoprotect Solar: Pioneering Corrosion Protection
   
   Strategic Research Institute
   Published on :
   7 Jun, 2023, 5:25 am
   
   thyssenkrupp Steel, Germany's largest steelmaker, is set to make its first appearance at Intersolar Europe this year, held as part of The Smarter E exhibition in Munich from June 14 to 16, 2023. Presenting their latest innovation, ZM Ecoprotect® Solar, thyssenkrupp Steel showcases a breakthrough corrosion protection solution for sturdy steel substructures in high-performance photovoltaic (PV) mounting systems.
   
   With ZM Ecoprotect® Solar, thyssenkrupp Steel introduces an inventive zinc-magnesium coating that offers long-lasting corrosion protection, ensuring a guaranteed service life for PV mounting systems. These metallic-coated structural steels are ideal for fabrication into profiles and can withstand various corrosive environments. ZM Ecoprotect® Solar represents a significant advancement in the well-established ZM Ecoprotect® zinc-magnesium coating, which has been proven in the construction industry for decades.
   
   In addition to its remarkable properties, ZM Ecoprotect® Solar is also available as bluemint® Steel, thyssenkrupp Steel's CO2 reduced and environmentally conscious steel. The utilization of bluemint® Steel in PV mounting systems contributes to the reduction of the solar industry's ecological footprint, fostering a sustainable future.
   
   "We are thrilled to participate in Intersolar Europe in Munich for the first time and showcase our high-quality zinc-magnesium coated steels for PV mounting systems," expresses Arne Schreiber, Product Manager Industry at thyssenkrupp Steel. "We understand the stringent requirements of our customers regarding service life and workmanship in solar mounting structure construction. Therefore, we offer a comprehensive range of grades with superior ZM coating, including a 25-year guarantee against rust penetration. Our ZM Ecoprotect® Solar steels not only provide effective corrosion protection but also contribute to reducing the carbon footprint. We extend a warm invitation to all visitors to explore our booth. We look forward to engaging in a productive dialogue with you."
10. voda 7 juni 2023 06:57

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    DGTR Imposes Safeguard Measures Against Ferro Molybdenum Imports
    
    Strategic Research Institute
    Published on :
    7 Jun, 2023, 5:28 am
    
    In a case brought before the Director General of Trade Remedies, the Indian Ferro Alloy Producers Association, along with Premier Alloys & Chemicals Private Limited, Boon Metal & Alloy Corporation, and Team Ferro Alloys Private Limited, sought bilateral safeguard measures against the increased imports of Ferro Molybdenum from the Republic of Korea. This application was filed in accordance with the Comprehensive Economic Cooperation Agreement (CEPA) between India and South Korea and the Bilateral Safeguard Measures Rules of 2017.
    
    Based on initial evidence, the Director General initiated an investigation to determine whether the imports of Ferro Molybdenum could be classified as "increased imports" and whether they had caused injury to the domestic industry. The investigation aimed to establish if bilateral safeguard measures were necessary and, if so, their duration. The findings of the investigation were published in a notification issued on September 30, 2022.
    
    After careful examination, the Director General made several observations. Firstly, there was no discernible difference between the subject goods produced by the applicants and those imported from South Korea. Furthermore, no evidence was presented to substantiate claims of superior quality or purity of the Korean imports compared to the Indian industry's products. The application was supported by producers accounting for 40% of total production, while an additional 20% share was represented by supporters.
    
    The investigation revealed a significant increase in the imports of Ferro Molybdenum, both in absolute terms and in relation to Indian production and total imports. This increase coincided with the elimination of duties and persisted even in the most recent period. The Director General concluded that the increased imports were a direct result of tariff concessions, and no justifiable reasons were provided by the interested parties to explain this surge.
    
    The Indian industry was found to possess sufficient capacity to meet the domestic demand, although it operated at low capacity utilization. Despite the increased demand, the applicants were unable to increase their domestic sales proportionally. Consequently, the imports took away market share from the applicants, leading to declines in volume parameters such as market share and sales. The applicants were forced to reduce their production, and their profitability suffered as a result.
    
    Based on these findings, the Director General recommended the implementation of bilateral safeguard measures in accordance with the India-Korea Comprehensive Economic Partnership Agreement (Bilateral Safeguard Measures) Rules of 2017. The recommended measure includes an increase in the customs duty rate on imports of Ferro Molybdenum originating from South Korea. The recommended duty rate is to be set at the lower of the Most Favoured Nation applied rate on either the date of application of the safeguard measure or the day preceding the entry into force of the India-Korea CEPA. The recommended measure is suggested for a two-year period, with a gradual reduction in the duty rate during the second year.
11. voda 7 juni 2023 06:57

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    AqueoUS Vets Acquires Dixie Tank to Expand Water Treatment
    
    Strategic Research Institute
    Published on :
    7 Jun, 2023, 5:34 am
    
    AqueoUS Vets®, a vertically integrated solutions provider of water treatment and delivery systems, has announced its strategic acquisition of Dixie Tank Company. Dixie Tank, a respected manufacturer of carbon and stainless-steel tanks, pressure vessels, water heaters, and custom fabrications, caters to the water, water treatment, hot water, and industrial markets. This acquisition allows AqueoUS Vets to establish an East Coast base of operations, broadening its ability to serve a diverse range of customers across the United States. Financial details of the private transaction have not been disclosed.
    
    Since its establishment in 1943, Dixie Tank Company has been at the forefront of manufacturing carbon and stainless steel tanks, ASME Code pressure vessels, water heaters, filters, and custom fabrications. With a commitment to quality fabrication and timely delivery, Dixie Tank has earned recognition as one of the leading fabricators in the Southeast. Their facilities have expanded over the years to cater to a growing customer base, now encompassing over six acres with approximately 78,000 square feet of manufacturing area.
    
    AqueoUS Vets envisions itself as a national brand and a leader in treatment solutions aimed at addressing critical drinking water contaminants prevalent in the country, such as PFAS, 1,4-dioxane, arsenic, 1,2,3-TCP, VOCs, TOC, and TPH. By acquiring Dixie Tank, AqueoUS Vets fortifies its ability to meet the increasing demand for compliant water treatment nationwide, while actively mitigating the environmental impact of modern industrialization and promoting healthier water systems.
    
    Both AqueoUS Vets and Dixie Tank share a steadfast commitment to improving water supplies and eliminating harmful contaminants from the nation's water systems. The acquisition paves the way for collaboration in innovative technologies to enhance product quality and expedite market delivery, while ensuring customers continue to receive the exceptional service they have come to expect from Dixie Tank.
    
    The leadership team at Dixie Tank, led by President Chris Eidson, will be joining AqueoUS Vets in their continued mission. Together, they will leverage their expertise to drive innovation and further advancements in the field of water treatment.
    
    In January 2022, AqueoUS Vets received a growth investment from Bain Capital Double Impact, which enabled the company to expand its highly efficient and effective water treatment systems across the nation. The investment aims to reduce the prevalence of contaminants in the U.S. water system and promote sustainable water practices.
    
    AqueoUS Vets® is a leading, vertically integrated manufacturer of treatment systems designed to combat emerging contaminants in groundwater. Their solutions address a range of substances, including PFAS, 1,2,3-TCP, TOC, VOCs, fuels, chrome 6, and arsenic. AqueoUS Vets follows a comprehensive "Concept to Commission" approach, supporting owners, engineers, and contractors in achieving optimal corrosion management, hydraulic performance, media utilization, and long-term operational reliability. Their integrated approach delivers complete treatment systems, adding value for clients and end-users alike.
12. voda 7 juni 2023 06:58

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    Raw Steel Production Shows Marginal Decline in the US
    
    Strategic Research Institute
    Published on :
    7 Jun, 2023, 5:44 am
    
    In the week ending on June 3, 2023, the American iron and steel industry observed domestic raw steel production of 1.754 million net tons, accompanied by a capability utilization rate of 78.0%. Comparatively, during the same period in the previous year (week ending June 3, 2022), production stood at 1.757 million net tons, with a capability utilization rate of 80.5%. Last week's production reflects a marginal decline of 0.2% from the corresponding period last year.
    
    Analyzing the weekly data, it is noteworthy that production for the week ending June 3, 2023, witnessed a 1.0% increase compared to the previous week ending May 27, 2023. During that period, production amounted to 1.737,000 million tons, and the rate of capability utilization stood at 77.2%.
    
    For a regional breakdown of the weekly production ending June 3, 2023, the following figures were recorded in thousands of net tons: North East: 140; Great Lakes: 571; Midwest: 213; Southern: 768; and Western: 62, totaling to 1,754.
    
    Turning our attention to the year-to-date figures, the adjusted production through June 3, 2023, reached 37.246 million net tons, with a capability utilization rate of 75.5%. This represents a decline of 3.3% when compared to the same period last year, which saw production totaling 38.350 million net tons, with a capability utilization rate of 80.5%.
13. voda 7 juni 2023 06:58

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    Ramiro Rodriguez Agusti Assumes Leadership of Steel Tube Institute
    
    Strategic Research Institute
    Published on :
    7 Jun, 2023, 5:39 am
    
    Steel Tube Institute (STI), a unifying force in the steel industry that aims to advance the use of steel tubing, is delighted to announce the appointment of Ramiro Rodriguez Agusti as the organization's President. This anticipated two-year term, effective from June 1st, 2023, follows the successful completion of Glenn Baker's tenure from Searing Industries earlier this year.
    
    Ramiro Rodriguez Agusti's selection as President was met with unanimous approval and appointment by the STI Executive Committee earlier this year. Dale Crawford, Executive Director of the Steel Tube Institute, expressed confidence in Rodriguez Agusti, highlighting his instrumental role in the Conduit Committee and unwavering dedication to the institute's mission. With a strong strategic, marketing, and statistical background, Rodriguez Agusti is poised to enhance the value of STI for its members and the wider steel industry.
    
    As President, Rodriguez Agusti will uphold STI's member-driven approach and lead the organization through its next phase of development. Leveraging his extensive experience and longstanding affiliation with STI, Rodriguez Agusti will guide the organization to new heights.
    
    "I am thrilled to contribute to an organization that offers invaluable knowledge and support to the steel industry," shared Ramiro Rodriguez Agusti. "I eagerly anticipate collaborating with Dale Crawford on both established and new initiatives, including the revitalization of the STI Associate Member Program."
    
    Currently leading the Commercial Division of Nucor-Republic Conduit, Rodriguez Agusti assumes responsibility for formulating overall strategies, fostering customer relationships, and leading a high-impact team to develop market-oriented solutions. Furthermore, he serves as the primary liaison for Nucor-Republic to the U.S. electrical industry.
    
    Rodriguez Agusti holds an MBA from the Kellogg School of Management at Northwestern University, along with an MS in Industrial Engineering from the Buenos Aires Institute of Technology.
    
    Established in 1930, the Steel Tube Institute represents a collaborative effort by manufacturers to promote and market steel tubing. The organization's primary goals are to enhance manufacturing techniques, educate customers about the utility and versatility of their products, and provide a platform for industry-related discussions. Today, the Steel Tube Institute continues to prioritize these objectives while staying abreast of the latest industry developments.
14. voda 7 juni 2023 06:59

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    US Announces Antidumping Duty Results on CTL Steel Plates
    
    Strategic Research Institute
    Published on :
    7 Jun, 2023, 5:49 am
    
    The US Department of Commerce (DOC) has recently announced the final results of the sunset reviews pertaining to the antidumping duty (AD) orders on certain cut-to-length carbon-quality steel plate originating from India, Indonesia, and South Korea. The DOC's findings indicate that revocation of the antidumping duty orders on the specified product from the mentioned countries would likely result in the continuation or recurrence of dumping.
    
    After thorough evaluation, the DOC has determined the weighted-average dumping margins to be 42.39% for India, 52.42% for Indonesia, and 6.09% for South Korea. These figures shed light on the extent of the unfair trade practices in the steel plate market.
    
    In a separate administrative review, the DOC has also released preliminary results regarding the antidumping duty order on carbon and alloy steel cut-to-length plate from Italy. The review covered the period from May 1, 2021, to April 30, 2022, during which Italian producer NLMK Verona was found to have engaged in sales of the subject products at prices lower than the normal value. Additionally, the DOC has rescinded the review for Officine Tecnosider s.r.l. due to the timely withdrawal of the request.
    
    Based on the preliminary findings, the DOC has established a weighted-average dumping margin of 15.88% for NLMK Verona. These results underscore the significance of fair trade practices and the enforcement of antidumping measures.
    
    The imposition of preliminary antidumping duties for Italy took effect from June 5, marking a step towards addressing the unfair trade practices and ensuring a level playing field in the steel industry.
15. voda 7 juni 2023 06:59

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    • voda

      Lid sinds: 02 dec 2005

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    Construction Underway for Armenian-American Steel Plant in Yeraskh
    
    Strategic Research Institute
    Published on :
    7 Jun, 2023, 5:47 am
    
    In a recent Facebook post, Armenian Economy Minister Vahan Kerobyan shared exciting news about the construction of a substantial Armenian-American steel plant in the village of Yeraskh, located in the Ararat region. This ambitious project is set to bring significant economic and industrial growth to the region.
    
    With an estimated investment of around $70 million, the steel plant is being built from the ground up. The production workshop stands at an impressive height of 30 meters, covering an expansive area of 16,500 square meters. Once fully operational, the plant is projected to manufacture 180,000 metric tons of steel products annually.
    
    The construction of this steel plant is a testament to the commitment to fostering industrial development and creating job opportunities in Armenia. The project has already provided employment to 200 individuals, and it plans to expand its workforce further, aiming to hire an additional 800 employees once the plant is commissioned.
    
    The establishment of the Armenian-American steel plant in Yeraskh represents a significant milestone in the country's efforts to bolster its industrial capabilities. This venture is expected to contribute to the overall economic growth and enhance Armenia's position in the steel production sector.
16. voda 7 juni 2023 07:00

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    • voda

      Lid sinds: 02 dec 2005

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    Impressive Performance: SAIL RSP Achieves Record Production
    
    Strategic Research Institute
    Published on :
    7 Jun, 2023, 5:51 am
    
    SAIL, Rourkela Steel Plant (RSP), has demonstrated impressive performance in key production areas during the first two months of the current financial year 2023-24 (FY24). The plant showcases remarkable growth, producing 767,605 tons of hot metal, 692,333 metric tons of crude steel, and 644,673 metric tons of saleable steel in April-May, registering year-on-year growth of 2.6%, 3.3%, and 7.6%, respectively. This achievement marks the best April-May performance for any financial year.
    
    The Sintering Plants also excelled, achieving their all-time best April-May performance with a total sinter production of 1,218,614 metric tons.
    
    The Coke Oven Battery-6 achieved its best performance in the first two months, with an average of 91.3 pushings, surpassing its previous best average of 90.4 pushings achieved in 2022.
    
    In terms of dispatch, RSP achieved its best April-May dispatch of saleable steel, totaling 635,544 metric tons, reflecting a year-on-year growth of 6.5%.
    
    Furthermore, RSP set new production records in May, with 394,121 metric tons of hot metal, 349,912 metric tons of crude steel, and 333,257 metric tons of saleable steel. These remarkable numbers provide a significant boost to the entire production chain.
    
    It is worth noting that RSP has set an ambitious Annual Business Plan (ABP) target for the financial year 2023-24, aiming to produce 4.6 million metric tons of hot metal, 4.3 million metric tons of crude steel, and 4.32 million metric tons of saleable steel.
17. voda 7 juni 2023 07:00

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    • voda

      Lid sinds: 02 dec 2005

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    Teck Resources Receives Interest for Steelmaking Coal Business
    
    Strategic Research Institute
    Published on :
    7 Jun, 2023, 5:54 am
    
    Teck Resources, Canada's largest diversified miner, announced that it has received several "indications of interest" for its steelmaking coal business. While the company did not provide specific details, there are rumors suggesting that Teck is leaning towards selling only a portion of its coal operations.
    
    According to Chief Executive Jonathan Price, there is widespread recognition in the market of the value held by Teck's high-margin, long-life steelmaking coal assets. This recognition has generated significant interest from various parties, although further information regarding the interested parties has not been disclosed.
    
    Teck Resources has been facing a persistent takeover push from Glencore, prompting the company to withdraw its original proposal to split into two separate units, one for base metals and the other for coal, just hours before a shareholder meeting in April. The miner stated that it would work on a new, simpler proposal as it failed to garner enough support for the initial plan.
    
    Teck firmly believes that divesting its coal business is a more favorable option for shareholders than being taken over by Glencore. Price emphasized that the company's focus on separation aims to unlock the full potential of its unparalleled copper growth business, creating substantial value and opportunities for shareholders and stakeholders alike.
    
    Teck's board is actively evaluating all actionable and value-accretive proposals related to the company's coal assets. However, there is no assurance that these discussions will result in a transaction. One of the potential alternatives being explored involves a proposal put forward by Canadian mining veteran Pierre Lassonde. Lassonde, co-founder of Canada's Franco-Nevada gold royalty company, is leading a consortium that has expressed interest in acquiring Teck's coal unit.
    
    Sources close to the matter have revealed that Lassonde's primary interest lies in Teck's Elkview operations in British Columbia. Elkview is one of Teck's four coal operations in BC's Elk Valley, with the others being Fording River, Greenhills, and Line Creek.
    
    Sheila Murray, the chair of Teck's board, stated that the company is determined to identify a path that ensures responsible operations in the Elk Valley while supporting a sustainable future for employees, local communities, and Indigenous Peoples.
    
    In addition to Pierre Lassonde's consortium, Japanese steelmaker Nippon Steel Corporation is also reportedly engaged in discussions with Teck regarding potential investments in the metallurgical coal business.
18. voda 7 juni 2023 07:01

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    • voda

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    JSP & EIL Enter Contract for DRI Plant Engineering Services
    
    Strategic Research Institute
    Published on :
    7 Jun, 2023, 5:59 am
    
    In a noteworthy collaboration, Jindal Steel and Power Limited (JSPL) and Engineers India Limited (EIL) have formalized a contract for the supply of basic engineering and detail engineering services. The contract pertains to a Direct Reduced Iron (DRI) plant located in Angul, Odisha. The project encompasses not only the DRI plant but also its associated facilities.
    
    The agreement between JSPL and EIL signifies a major stride in the advancement of the iron production sector. By leveraging their respective expertise and resources, the two esteemed companies aim to optimize the engineering aspects of the DRI plant and ensure its seamless operation.
    
    While precise details about the contract cannot be divulged due to confidentiality, it is expected that the collaboration between JSPL and EIL will span a period of approximately 20 months. This timeframe will allow for comprehensive basic engineering and detail engineering services, encompassing the design, planning, and execution of the project.
    
    The contract, valued at ?1550 lakhs, underscores the commitment of JSPL and EIL to drive innovation and growth in the iron and steel sector. Through this strategic partnership, both companies aim to make substantial contributions to the development of the DRI plant and the associated facilities in Angul, Odisha.
19. voda 7 juni 2023 07:02

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    • voda

      Lid sinds: 02 dec 2005

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    • Aanbevelingen

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    EC Extends HDG Import Safeguards to Protect Union Steel Industry
    
    Strategic Research Institute
    Published on :
    7 Jun, 2023, 6:04 am
    
    The European Commission's recent decision to extend steel import safeguards until June 2024, as revealed in a document obtained by Argus, underscores the commission's commitment to protecting the Union steel industry and promoting economic recovery. The safeguards will now encompass all-origin automotive-grade hot-dipped galvanised (HDG) coils falling under the 4B category.
    
    A review conducted by the commission examined the possibility of terminating the safeguards early. It concluded that an increase in import volumes could pose a significant threat to meaningful economic recovery and the efforts made by the Union steel industry to adjust to higher levels of imports.
    
    Moreover, the commission determined that there is no shortage of steel within the bloc due to the safeguards. It also noted that recent changes to the Section 232 tariffs did not alter the risk of trade diversion to the European Union.
    
    Taking into account a rather gloomy forecast for the global steel sector, including the Union market, for the years 2023-2024, the commission highlighted the presence of high uncertainty caused by the ongoing war in Ukraine, inflation, rising energy prices, and an economic slowdown.
    
    As part of the decision, the commission adjusted the list of countries to which the measures apply. Brazil has been added to the safeguards for hot-rolled coils (HRC) and cold-rolled coils (CRC). Additionally, most developing countries are now exempt from non-auto-grade HDG quotas. However, key suppliers such as Vietnam, Turkey, and India still face quotas for the 4A product category, while the auto-grade 4B measures apply to all-origin HDG.
    
    Despite a slight increase in passenger car registrations in recent months, the EU automotive sector continues to grapple with recovery challenges throughout this year.
20. voda 7 juni 2023 07:02

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    • voda

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    NMDC Plans Slurry Pipelines for Efficient Iron Ore Transport
    
    Strategic Research Institute
    Published on :
    7 Jun, 2023, 6:01 am
    
    The National Mineral Development Corporation (NMDC) has ambitious plans to establish slurry pipelines that will facilitate the efficient transportation of iron ore from its mines to the Nagarnar steel plant, reports Business Standard. Currently, NMDC operates two mechanized iron ore mines in Dantewada district, with the Bailadila project encompassing the Kirandul and Bacheli complexes. These complexes will serve as vital sources of iron ore for the Nagarnar steel plant, which has an annual production capacity of 3 million metric tons.
    
    To reduce dependence on railways for transportation, NMDC is working on a 131-kilometer-long slurry pipeline connecting the Bailadila mines to Nagarnar. The implementation of these pipelines will help overcome challenges associated with the non-availability of railway rakes and limited storage capacity due to the mines' elevated locations.
    
    Amitava Mukherjee, Chairman and Managing Director of NMDC, shared that a 24-kilometer section of the pipeline has already been laid, with an additional 24 kilometers aligned for laying. The remaining 24 kilometers are yet to arrive. Once completed, the entire pipeline system is expected to be ready for use by 2025. The project's estimated cost is approximately ?2900 crore, which may increase to ?3500 crore.
    
    NMDC is also exploring the feasibility of two additional slurry pipelines. One would connect Nagarnar to Vizag, while the other would extend towards Raipur. These pipelines aim to enhance economic sustainability and reduce transportation costs for steel makers in Raipur, Bhilai, Bilaspur, Korba, and Raigarh, who rely on NMDC for iron ore supply.
    
    By implementing slurry pipelines, NMDC seeks to optimize the transport of iron ore, making it more cost-effective and viable for local steel manufacturers. Furthermore, NMDC has set a production target of 46 to 50 million metric tons for the current financial year, aiming for growth compared to the previous year's output of 41.22 million metric tons.