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1. voda 7 juni 2023 07:03

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   ArcelorMittal Kryvyi Rih Suspends Production Amidst Water Crisis
   
   Strategic Research Institute
   Published on :
   7 Jun, 2023, 6:09 am
   
   ArcelorMittal Kryvyi Rih (AMKR), the largest steel producer in Ukraine, has announced a temporary stoppage of some of its facilities in response to the aftermath of a massive water spillage at the Nova Kakhovka power plant dam. This incident, caused by a terrorist act perpetrated by Russia, has had far-reaching consequences, including severe floods and ecological damage in the southern region of Ukraine. Thousands of civilians are at risk, and the ecological effects are expected to be catastrophic.
   
   The extensive flooding resulting from the water spillage has disrupted water supply in various regions of Ukraine, including the city of Kryvyi Rih, which heavily relies on the Kakhovka reservoir for its water source. In light of this situation and existing disruptions in water supply to its assets, AMKR has made the decision to temporarily suspend operations at some of its facilities. A representative from the company stated that equipment requiring water cooling will be temporarily halted to conserve water and protect the equipment until the situation stabilizes.
   
   Currently, AMKR has ceased crude steel production and rolling operations, while maintaining the blast furnaces and coke batteries. The mining complex reportedly continues to operate normally. The company's ability to resume normal production will depend on the rate of water level decline in the Kakhovka reservoir and the overall impact of the terrorist attack on the hydroelectric power plant and dam.
   
   The dam explosion at the Nova Kakhovka hydroelectric power plant, allegedly carried out by Russian troops at 02:50 a.m. on June 6, has caused widespread flooding, endangering numerous villages and cities and putting thousands of civilians at risk. The ecological consequences are expected to be severe and long-lasting for the southern part of Ukraine.
   
   While the logistical operations of other steel mills in Ukraine may not be significantly affected, concerns arise for ArcelorMittal Kryvyi Rih, which relied heavily on the waters of the Kakhovka reservoir. Part of the city is currently experiencing water supply disruptions, and the mill may face challenges. AMKR has already restricted water consumption and suspended several metallurgical production processes. Crude steel production and rolling operations have been halted, while blast furnace and coke battery operations continue. The evaluation of a return to normal operations is expected to take around 3-4 days.
   
   The immediate focus is on assessing the extent of damage caused by the water spillage and the decline in the water level of the Kakhovka reservoir. The situation is fluid, and AMKR will continue to provide updates on the operational schedule in the coming days.
   
   ArcelorMittal Kryvyi Rih's commitment to maintaining a stable supply chain and fulfilling customer orders remains a top priority. However, the company acknowledges the challenges posed by the water crisis and assures customers that efforts are underway to mitigate any inconvenience caused. The impact of this crisis on the steel industry in Ukraine remains to be seen, with AMKR's situation highlighting the vulnerability of steel production to external disruptions.
2. voda 7 juni 2023 07:07

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   Jindal Shadeed Iron & Steel Spearheads Decarbonization Initiatives
   
   Strategic Research Institute
   Published on :
   7 Jun, 2023, 6:12 am
   
   On the occasion of International Environment Day, Jindal Shadeed Iron and Steel (JSIS), the largest privately-owned integrated steel producer in the GCC region, revealed its series of revolutionary initiatives aimed at significantly curbing carbon dioxide (CO2) emissions. These initiatives exemplify JSIS's unwavering commitment to environmental sustainability and the pursuit of clean and eco-friendly business practices, reports Times of Oman
   
   Approximately 71% of global steel production emits an average of 2.32 metric tons of CO2 for every tonne of steel produced through the Blast Furnace (BF) - Basic Oxygen Furnace (BOF) route. JSIS belongs to the 7% of primary steel producers worldwide (excluding scrap and Electric Arc Furnace (EAF) users) employing the DRI - EAF route with non-scrap based steel production, which results in 30% lower CO2 emissions compared to the BF-BOF route. By adopting this steel-making process, JSIS achieves emissions of 1.57 metrc tons of CO2 per tonne of steel, leading to an annual saving of 1.68 million metric tons of CO2 compared to the BF-BOF route.
   
   Moreover, DRI technology positions JSIS for the future, enabling the transition to green steel production by utilizing green hydrogen as the reducing agent.
   
   One of the key initiatives entails the establishment of a Carbon Capture Unit (CCU) pilot plant. JSIS is collaborating with a renowned US company to set up a pilot plant capable of capturing 7.5 metric tons of CO2 per day from flue gas. The successful implementation of the pilot plant will pave the way for a commercial-scale CO2 capture facility. The captured CO2 can be utilized in various ways, including conversion into valuable resources like CO or Syngas, liquefaction for transport, Enhanced Oil Recovery (EOR), or sequestration underground. These initiatives are projected to save 700,000 metric tons of CO2 per year by 2027 at full commercial scale.
   
   JSIS has also revolutionized its production process with the introduction of the world's first Hot Link technology. This cutting-edge gravity feeding system enables the direct transfer of Hot Direct Reduced Iron (HDRI) into the Electric Arc Furnace (EAF), eliminating the need for pneumatic conveying or vessel transport. Through this optimization, JSIS has achieved significant power savings, resulting in an annual reduction of 220,000 metric tons of CO2 in DRI and Steel Melting Shop (SMS) operations.
   
   Furthermore, JSIS has implemented measures to optimize natural gas (NG) consumption. Through meticulous monitoring and continuous improvement, specific NG consumption has been optimized and utilized efficiently. Various strategies have been employed, including maximizing HDRI production to control consumption, continuous operation of the DR Plant to avoid NG losses, utilizing top gas fuel, and optimizing NG quality. As a result, JSIS has already accomplished an impressive reduction of 18,000 metric tons of CO2 per year.
   
   JSIS is dedicated to reducing power consumption throughout its operations. At the DRI Plant, strategies such as minimizing HBI production, effective equipment utilization, upgrading illumination fixtures, and installing capacitor banks have yielded substantial power savings. Similarly, at the SMS, increased oxygen injection and the introduction of an EAF swing door have resulted in significant energy savings. JSIS has also focused on electrode-specific consumption, employing advanced techniques such as electrode coating and increased water spray cooling, which have significantly reduced electrode usage. These combined efforts have led to an impressive reduction of 45,000 metric tons of CO2 per year.
   
   JSIS remains firmly committed to achieving its environmental goals and securing a sustainable future for generations to come. With a total CO2 saving of 325,000 metric tons per year and a CO2 intensity of 1.03 metric tons per metric ton of crude steel production (scope 1 and 2), JSIS continues to establish new benchmarks in the iron and steel industry within the region.
3. voda 7 juni 2023 07:07

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   US Steel Košice Embraces Decarbonization Plan, Seeks Funding
   
   Strategic Research Institute
   Published on :
   7 Jun, 2023, 6:14 am
   
   US Steel Košice, a prominent steelmaker known for its significant carbon emissions, has expressed its appreciation for the allocation of €300 million from the EU's Recovery and Resilience Plan to support the decarbonization of its steel production. While this funding is a significant step forward, it covers only a fraction of the anticipated costs, which are estimated to exceed €1 billion, reports Spectator
   
   Ján Baca, spokesperson for US Steel Košice, commented, "This is the first of several steps necessary for the thorough consideration of a potential investment into USSK." He added that future investments in decarbonization would depend on various conditions, including grant support through the Modernization Fund, an extended timetable to access the Recovery and Resilience Fund, identification of investment partners, competitive electricity prices in the long term, and approval by the United States Steel Corporation's board of directors.
   
   To achieve greener steel production, the steelmaker plans to replace two out of three blast furnaces with electric arc furnaces. This transition would significantly reduce its reliance on imports of ore and coke from Russia and Ukraine, while also cutting costs associated with emission allowances. The electric arc furnaces would primarily utilize scrap from Slovakia and neighboring countries.
   
   According to the environmental impact assessment submitted last year, the total cost of modernizing the factory for this ambitious plan could reach €1.3 billion. The proposal includes the construction of a new metallurgical plant that integrates production, casting, and steel rolling with advanced technologies. The facility would feature two electric arc furnaces, off-site steel processing facilities, and a continuous casting and hot rolling line, with a production capacity of up to 3.1 million metric tons per year.
   
   The Slovakian Environment Ministry recently announced the allocation of a total of €317 million for green investments to three companies. In addition to U.S. Steel Košice, the cement producer Danucem Slovensko and bricks producer Wienerberger will receive funding. Each of these companies is set to receive €8.4 million. The projects supported by this funding aim to reduce Slovakia's emissions by over 3 million metric tons of CO2 equivalent annually by 2026, with a significant impact on greenhouse gas emissions in the country.
   
   US Steel Košice's decarbonization plan is a significant step toward achieving greener steel production and reducing Slovakia's carbon footprint. However, further funding and support will be crucial to fully realize this ambitious endeavor.
4. voda 7 juni 2023 07:08

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   IG Metall Urges Swift Consent for thyssenkrupp Green Steel Plant
   
   Strategic Research Institute
   Published on :
   7 Jun, 2023, 6:18 am
   
   IG Metall, the influential labor union, is leaving no stone unturned in its pursuit of swift government commitment for the construction of a climate-friendly steelmaking plant at thyssenkrupp in Duisburg. The chairman of the central works council of thyssenkrupp Steel Europe, Tekin Nasikkol, expressed concern over the delay in receiving the final demand notice from the German government. The union emphasizes that more than 27,000 colleagues are anxious and that bureaucratic obstacles between Berlin and Brussels must not hinder the transition to green steel production.
   
   Thyssenkrupp, Germany's largest steelmaker, has set its sights on launching the hydrogen-capable large-scale ironmaking plant by the end of 2026. Initially, the plant will operate using natural gas, gradually transitioning to an increasing amount of hydrogen by the end of 2027. The ambitious project to produce green steel is expected to cost well over two billion euros.
   
   While the state and federal governments have allocated around two billion euros for the project, the approval of the EU Commission is still pending. In a recent open letter to German Economics Minister Robert Habeck, prominent representatives from Thyssenkrupp urged the prompt approval of the promised funding.
   
   To intensify their efforts, IG Metall is organizing a day of action on June 14, with thousands of employees gathering in front of the steel division's headquarters in Duisburg. Minister Habeck has been invited to attend, with the expectation that he will deliver a positive decision. Tekin Nasikkol, the chairman of the central works council, emphasized the urgency of the situation and the impact it has on thousands of jobs covered by collective agreements.
   
   Minister Habeck, along with his counterpart from North Rhine-Westphalia, Mona Neubaur, recently visited the site to engage in discussions with the management board and employee representatives. Habeck affirmed his commitment to support the project and assured that he would work closely with the European Commission to make the necessary funding possible.
   
   IG Metall executive Jürgen Kerner, who is also the deputy chairman of the supervisory board of thyssenkrupp AG, acknowledged Minister Habeck's willingness to assist. However, he stressed that it is the responsibility of federal ministers to secure demands from Brussels. With time running out, the fate of thousands of secure jobs covered by collective agreements hangs in the balance. The success of the green steel project relies on swift action and collaboration between all stakeholders involved.
5. voda 7 juni 2023 07:09

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   Challenges & Mismatches Abound as EU Embarks on Decarbonisation
   
   Strategic Research Institute
   Published on :
   7 Jun, 2023, 6:26 am
   
   The European steel sector faces a myriad of challenges and mismatches as it embarks on a decade of decarbonisation, according to delegates at a recent conference hosted by European steel association Eurofer in Brussels. Key concerns include the limited scale of renewable energy supply and the timing of the phase-out of the EU Emissions Trading System (ETS) and the introduction of the Carbon Border Adjustment Mechanism (CBAM), reports Argus
   
   While several steel producers have made strides in developing low-emissions steelmaking technologies, the availability of renewable energy falls short of the scale necessary to support the industry's plans for decarbonisation by the early 2030s. The EU requires a capacity of approximately 80-90GW of renewable energy to meet its net-zero goals, yet only 6GW were generated last year, highlighting the significant gap.
   
   Giles Dickson, CEO of European wind energy providers' association Wind Europe, suggests that directing more funding towards expanding renewable energy infrastructure, rather than focusing solely on technological breakthroughs, is crucial. Additionally, streamlining permitting and approval processes can accelerate the growth of the green energy sector. Dickson highlights the example of Germany's autobahn, which currently has 15,000 pending applications for the transportation of wind turbine parts, underscoring the need for expedited processes.
   
   German steelmaker Salzgitter has made commendable progress by investing in the construction of direct reduced iron units and electric arc furnaces to facilitate lower-emissions steel production. However, challenges persist. Despite having the equipment in place, the mill lacks the necessary energy supply to sustain these operations. The current seven turbines on the site provide only a fraction of the required energy, raising concerns about meeting future demands.
   
   Eurofer and its members express apprehensions regarding the timing of the ETS phase-out and the implementation of CBAM. With the phase-out of free emissions allowances, carbon prices in the EU are projected to reach €100 per metric ton of CO2 equivalent or higher by 2030. Geert Van Poelvoorde, CEO of ArcelorMittal Europe, warns that this leaves the steel sector with a critical choice: achieve decarbonisation by 2030 or face potential elimination. The construction timeline for direct reduction iron-electric arc furnace plants, which takes around four years, poses a significant barrier to decarbonising the EU's steel industry, risking carbon leakage and further contraction.
   
   While carbon taxes will impose financial burdens on mills, Jorgos Chatzimarkakis, CEO of Hydrogen Europe, argues against extending the allocation of free emissions allowances under the ETS. Previous allocation methods have disincentivised decarbonisation efforts, necessitating a shift towards greener steel production. A study by consultancy CE Delft, commissioned by Carbon Market Watch, reveals that the European iron and steel sectors amassed an estimated €16.1 billion in additional profits from the EU ETS between 2008 and 2019. The ongoing transition poses disruptive and challenging dynamics for sustainability-minded European mills.
   
   As the EU steel sector embarks on its decarbonisation journey, overcoming the hurdles of renewable energy supply, ETS phase-out, and CBAM implementation is crucial. Balancing the need for green investments with the costs of carbon taxation and ensuring a fair and effective transition will be pivotal in reshaping the industry for a sustainable future.
6. voda 7 juni 2023 07:11

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   Urgent Call for Intervention to Safeguard Climate: WWF Report
   
   Strategic Research Institute
   Published on :
   7 Jun, 2023, 6:29 am
   
   In an era marked by growing concerns over climate change, the environmental organization WWF has released a report highlighting the imperative for government intervention to address the alarming emissions of greenhouse gases in the industrial sector. The study emphasizes the need for climate-protecting measures, particularly focusing on the production of green hydrogen. Viviane Raddatz, the climate chief at WWF, emphasized the significance of the industrial sector in climate protection, calling for urgent measures to protect the environment while preserving job opportunities.
   
   The study conducted by the Öko-Institut on behalf of WWF Germany revealed that iron and steel production hold dominion among the thirty industrial plants with the highest emissions in Germany. The report underscores the need for a transformative change in this sector to safeguard the climate and preserve jobs. Raddatz emphasized the necessity for the German government to develop a comprehensive strategy for climate protection in the industrial sector, highlighting the gravity of the situation.
   
   Preliminary figures from the Expert Council on Climate Issues indicate that Germany emitted a total of 746 million metric tons of greenhouse gases in the previous year, with the industrial sector ranking as the second-largest source of climate-damaging gases after the energy sector. The concentration of major greenhouse gas emitters is predominantly found in western Germany. While some plants reported a decrease in emissions by an average of 7 percent in 2022, this may be partially attributed to the prevailing energy crisis.
   
   The report lists the top five industrial plants with the highest emissions in Germany for the previous year. Leading the pack is the Duisburg integrated steel mill of thyssenkrupp, responsible for 7.9 million metric tons of greenhouse gases annually. It is followed by Hüttenwerke Glocke Duisburg of Krupp Mannesmann (HKM), Pig iron production Dillingen (Saarland) of Rogesa Roheisengesellschaft Saar, Glocke Salzgitter of Salzgitter Flachstahl, and Hallendorf power plant of Salzgitter Flachstahl.
   
   Addressing concerns about their emissions, the companies mentioned their plans for CO2 reduction. Thyssenkrupp Steel (TKS), operator of Europe's largest steel site, revealed its commitment to reducing emissions and awarded a contract for the construction of a hydrogen-based direct reduction plant. Similarly, Stahl-Holding-Saar (SHS), the parent company of Rogesa, expressed its intent to produce CO2-reduced steel in the future. Salzgitter AG CEO Gunnar Groebler emphasized the significance of reducing CO2 emissions and implementing alternative technologies.
   
   The report's authors utilized the methodology employed in EU emissions trading to record the emissions of industrial plants. However, certain sectors such as mobile machinery in the construction industry were not covered in this analysis. The WWF criticized the lack of a structural decline in emissions since 2010 and stressed the importance of prioritizing emission reduction over carbon capture and utilization. The organization welcomed the government's climate protection contracts, which aim to mitigate the financial risks associated with adopting climate-friendly technologies.
   
   In conclusion, the WWF report underscores the urgent need for government intervention in addressing industrial emissions to combat climate change effectively. With iron and steel production being major contributors to greenhouse gases in Germany, the report calls for a comprehensive climate protection strategy from the German government. The findings highlight the importance of reducing emissions and transitioning towards sustainable industrial practices, paving the way for a greener and more resilient future.
7. voda 8 juni 2023 08:44

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   Nippon Steel to Form Nippon Steel Processing
   
   Strategic Research Institute
   Published on :
   8 Jun, 2023, 6:54 am
   
   Article: In a strategic maneuver to strengthen its position in the market and respond to growing demand, Nippon Steel Corporation, based in Japan, has announced its intentions to establish Nippon Steel Processing Co. on October 1 of the current year. This move is aimed at fortifying the company's supply chain and further improving its ability to meet market demands while enhancing the quality of its products.
   
   To bring this vision to life, the corporation will merge its existing subsidiaries, namely Nippon Steel Mitsubishi Metal Industry, Nippon Steel Seiko, and Nippon Steel Wire, thereby consolidating their expertise and resources under the banner of the newly formed Nippon Steel Processing Co. With a combined workforce of 785 employees, the company is poised to leverage its collective knowledge and skills to drive innovation and cater to evolving market needs.
   
   By streamlining its operations through this merger, Nippon Steel Corporation aims to enhance its responsiveness to market trends and customer requirements. The consolidation of these subsidiaries will optimize internal processes and facilitate a more efficient and effective supply chain, enabling the company to meet and exceed customer expectations.
   
   The establishment of Nippon Steel Processing Co. is a testament to the corporation's commitment to continuous improvement and innovation. With a focus on strengthening its product offerings, the company seeks to elevate the quality and diversity of its portfolio. By aligning its resources and talents, Nippon Steel Corporation is positioning itself as a frontrunner in the industry, ready to embrace emerging opportunities and overcome challenges.
8. voda 8 juni 2023 08:44

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   Belgian Court Delays Bankruptcy Ruling for Liberty Liège
   
   Strategic Research Institute
   Published on :
   8 Jun, 2023, 6:57 am
   
   Article: In a move that prolongs the suspense surrounding Liberty Liège's fate, a Belgian court has once again postponed its ruling on the company's bankruptcy. Last month, the same court rejected all three bids submitted for the acquisition of Liberty Liège's assets, leaving the company's future hanging in the balance, as reported by local media.
   
   While the possibility of bankruptcy still looms, discussions are ongoing between the local government of the Walloon region and Liberty Steel Galati. There are reports of a potential €20 million ($21.4 million) loan being offered to save the assets. However, this solution has not yet reached a final agreement, leaving the outcome of the company's future uncertain.
   
   On the other hand, Liberty Steel is not backing down and has appealed against the recent decisions made by the local court. This includes the rejection of the formal offer presented by Liberty Steel Galati, which aimed to acquire all of Liberty Liège's assets. The company is determined to fight for its interests and secure a favorable outcome.
   
   Liberty Steel's assets in Belgium encompass a series of lines dedicated to packaging steel, located in Tilleur, as well as two hot-dip galvanizing lines situated in Flemalle. These units have the capacity to produce up to 1 million tonnes per year of hot-dip galvanized coil and 200,000 tonnes per year of packaging products. Liberty Steel acquired these assets from ArcelorMittal in 2019. However, due to operational challenges, the facilities have not been operating at full capacity for several months.
   
   The delayed bankruptcy ruling and the rejection of asset acquisition bids have further intensified the uncertainty surrounding Liberty Liège's future. The ongoing discussions between the local government and Liberty Steel Galati offer a glimmer of hope with the potential loan. Nevertheless, until a definitive resolution is reached, the company's fate hangs in the balance, and stakeholders eagerly await the court's final decision.
9. voda 8 juni 2023 08:45

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   TT Iron Acquires ArcelorMittal Steel Plant
   
   Strategic Research Institute
   Published on :
   8 Jun, 2023, 7:00 am
   
   In a significant development for the steel industry, TT Iron Steel Company Limited (TT Iron) has finalized the acquisition of the ArcelorMittal Point Lisas iron and steel plant located in the Point Lisas Industrial Estate, Couva, Trinidad and Tobago. The purchase was announced in a press release, outlining TT Iron's commitment to refurbishing the plant over the next two years at an estimated cost of TT$1-1.4 billion (US$150-200 million).
   
   Notably, the plant is renowned for combining low carbon emission and natural gas-based direct reduced iron technology with electric arc furnaces for steelmaking, making it one of the largest steel mills in the Western Hemisphere. With this acquisition, TT Iron aims to rejuvenate the plant and position it as a global leader in cutting-edge, low-emission steel production.
   
   Gus Hiller, the Founder and Group CEO of TT Iron, expressed confidence in the plant's potential to regain its prominence in the global steel industry. Hiller emphasized the company's determination to establish an efficient and technologically advanced steel mill, with production expected to commence within the next 12 to 18 months.
   
   The refurbishment phase alone is projected to create approximately 1,000 jobs, while the fully operational plant is anticipated to provide long-term employment for 500 skilled workers. Furthermore, TT Iron believes that the plant's restart will indirectly generate additional employment opportunities through maintenance and construction services, port services, downstream manufacturing, and the growing demand for green hydrogen and renewable energy.
   
   A key highlight of TT Iron's strategy is the adoption of natural gas in the plant's furnaces, resulting in a significant reduction in carbon intensity. The plant's emissions are expected to decrease to 0.4 tonnes of CO2 per tonne of steel produced, compared to the 2.0 to 2.5 tonnes emitted by traditional coal-blast furnaces. TT Iron also aims to transition to green hydrogen technology in the future as it becomes commercially available.

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10. voda 8 juni 2023 08:46

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    Ørsted and Vestas Forge Sustainable Partnership for Offshore Wind
    
    Strategic Research Institute
    Published on :
    8 Jun, 2023, 7:03 am
    
    In a significant move towards sustainable energy, Ørsted and Vestas, global leaders in renewable energy, have announced a commercial sustainability partnership. The partnership entails the procurement of low-carbon steel wind turbine towers and blades made from recycled materials from Vestas for all future joint offshore wind projects.
    
    The deployment of offshore wind plays a crucial role in enhancing energy security, ensuring affordable energy access, and combating the climate crisis. While wind energy already offers a 99% lower carbon footprint compared to coal, it is essential to address the carbon emissions associated with the manufacturing of materials and components used in wind farms as part of the journey to achieve net-zero emissions.
    
    To meet this challenge, Ørsted and Vestas have committed to installing low-carbon steel towers and blades made from recycled materials in all upcoming joint offshore wind farms. This partnership establishes a sustained demand for Vestas' innovative low-carbon and circular solutions.
    
    Mads Nipper, Group President and CEO of Ørsted, emphasizes the significance of partnerships and collective action in tackling climate change. The collaboration with Vestas allows for the integration and scaling of cutting-edge decarbonization and circularity solutions to meet the evolving customer demands for net-zero wind farms. Nipper urges decision-makers worldwide to join the effort and drive demand for low-carbon and circular solutions within the renewable energy sector.
    
    Henrik Andersen, CEO of Vestas, highlights the need for strong partnerships and collaboration to accelerate the energy transition successfully. The partnership with Ørsted expedites the deployment of Vestas' circular blade recycling technology and fosters the demand for low-carbon steel in the wind industry's supply chain. This collaboration sends a powerful message about the importance of commercial agreements and collective action in the urgent fight against the climate crisis.
    
    The partnership commits to procuring a minimum of 25% low-carbon steel towers and scaling circular blade recycling technology for all joint future offshore wind farms. Vestas has been at the forefront of cross-industrial collaboration to establish the availability of low-carbon steel for wind turbine towers. By utilizing scrap steel manufactured with on-site renewable electricity, carbon emissions from heavy steel plates used in towers can be reduced by up to 70%.
    
    Vestas and its partners in the CETEC project have also made significant progress in addressing the circularity challenge of wind turbine blades. They have pioneered a solution to break down composite materials and reuse recovered epoxy resin for new blades, thus reducing the need for landfilling. Ørsted will procure wind turbine blades made from recycled materials from Vestas once the technology is ready for commercial manufacturing.
11. voda 8 juni 2023 08:50

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    Minister Scindia Emphasizes Scrap Usages for Green Steel
    
    Strategic Research Institute
    Published on :
    8 Jun, 2023, 7:06 am
    
    In a bid to reduce carbon emissions, Minister for Steel Jyotiraditya Scindia emphasized the need for India to increase the volume of vehicle scrap used in steel production. Speaking about the challenges faced by the domestic steel industry, he highlighted the role of imports, particularly in the specialty steel segment, and the existence of excess capacity in other countries, such as China.
    
    Addressing the global push for decarbonization, Scindia emphasized the need for a consensus on the definition of 'Green Steel' at the international level. In the meantime, he called upon domestic steel companies to focus on mitigating carbon emissions. One approach he suggested is the increased recycling of end-of-life vehicles (ELVs) for steel production. With a significant reserve of ELVs in the public and private sectors, Scindia stressed the importance of utilizing this resource to enhance steelmaking.
    
    As India strives to balance its steel industry's growth and sustainability, Minister Scindia's remarks shed light on the significance of incorporating green practices and addressing import challenges. The nation's steel sector is poised to contribute to a greener future while ensuring the protection of domestic interests and fostering international collaborations.
12. voda 8 juni 2023 08:50

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    PROVE IT Act to Assess Carbon Footprint of US Commodities
    
    Strategic Research Institute
    Published on :
    8 Jun, 2023, 7:08 am
    
    In a display of bipartisan cooperation, US senators Kevin Cramer and Chris Coons have put forth the PROVE IT Act, a bill designed to provide evidence that domestically produced oil, natural gas, steel, and other commodities have a smaller carbon footprint compared to imported goods. By collecting emissions data and highlighting the lower greenhouse gas emissions associated with US production, the senators aim to shape trade policy in favor of domestic industries.
    
    Dubbed the PROVE IT Act, the proposed legislation seeks to hold nations like China accountable for their emissions-heavy production practices, particularly in industries such as steel. According to Coons, the bill aims to prevent unjust penalties on US companies while drawing attention to countries that exploit lax environmental standards to offer goods at lower costs.
    
    Under the bill, the US Energy Department would be given a two-year timeframe to gather emissions data across 22 categories of goods, including refined products, petrochemicals, plastics, biofuels, steel and more. This data would cover both domestically produced goods and those from major exporters, with regular updates every five years.
    
    The introduction of the PROVE IT Act coincides with the European Union's plans to implement a carbon border adjustment tariff in 2024 to discourage offshoring of production. The US, seeking to avoid this tariff, argues that its goods have comparable carbon footprints to those from the EU. By collecting comprehensive emissions data, the US hopes to present a strong case for fair treatment in international trade.
    
    In a related effort, another bipartisan coalition in the Senate and the House of Representatives has released legislation to protect US steel and aluminum producers from unfair trade practices. This measure aims to make it more challenging for countries to evade anti-dumping duties by relocating production and grants the US Commerce Department increased authority to impose such duties.
13. voda 8 juni 2023 08:51

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    Tenova to Supply Electric Arc Furnace to POSCO
    
    Strategic Research Institute
    Published on :
    8 Jun, 2023, 7:11 am
    
    Tenova, a renowned developer and provider of sustainable solutions for the metals industry, has secured a significant contract to supply POSCO, one of the world's largest steelmakers, with a cutting-edge Electric Arc Furnace (EAF) equipped with the state-of-the-art technologies, Consteel® and Electromagnetic Stirrer Consteerrer®. This EAF will be installed at POSCO's Gwangyang plant in South Korea, where the company has been steadfast in its pursuit of decarbonizing its high-quality steel products.
    
    POSCO, producing approximately 43 million tonnes of steel in 2022, has prioritized the decarbonization of its steel offerings, including integral cycle grades used in automotive and electric steel grades for electrical mobility and green power generation solutions. The transformation towards sustainability involves a shift from the BF-BOF route to Electric Steelmaking based on EAF technology.
    
    After an extensive two-year co-engineering process and competitive evaluation, POSCO has selected Tenova's EAF solution. This full-platform EAF has the capacity to tap 280 tonnes of liquid steel and is equipped with the Consteel® continuous scrap charging system and the Consterrer® electromagnetic stirring system, a joint patent between Tenova and ABB.
    
    The new EAF has been custom-designed to meet the stringent requirements of quality, productivity, and efficiency expected by a steelmaker of POSCO's caliber. It will feature advanced robotic applications and enhanced safety measures, such as the Safe+ EAF water leakage detection system, ensuring user-friendliness and addressing any safety concerns associated with the transition from BOF Converters to EAF technology.
    
    Paolo Stagnoli, Sales Director for EAF&LF at Tenova, emphasizes the groundbreaking nature of this project. He highlights that the introduction of such a large and powerful EAF represents a paradigm shift for integral steelmakers, who may initially feel apprehensive about the new technology. Stagnoli expresses his pride in Tenova's expertise in large EAFs and the recognition by a top-class steelmaker like POSCO. The collaboration aims to establish a long-term partnership and construct an environmentally friendly and record-breaking furnace.
    
    The new EAF will be installed in a dedicated section of POSCO's Gwangyang plant, where it will integrate with the existing blast furnaces by merging its steel production with the liquid iron stream. The project is expected to be completed by the end of 2025, further propelling POSCO's commitment to sustainable steel production and contributing to the global efforts in decarbonization.

    Bijlage:
14. voda 8 juni 2023 08:52

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    Mercedes-Benz and H2 Green Steel announce agreements Europe
    
    Strategic Research Institute
    Published on :
    8 Jun, 2023, 7:14 am
    
    Mercedes-Benz and H2 Green Steel have taken a significant leap towards sustainable steel supply with a binding agreement for the delivery of around 50,000 metric tons of green steel annually to Mercedes-Benz's European production. In a pioneering move, Mercedes-Benz has also signed a memorandum of understanding with H2 Green Steel to explore the potential supply of green steel produced in North America.
    
    Being an early investor in H2 Green Steel, Mercedes-Benz has demonstrated its commitment to the transition in the steel industry and confirmed customer demand for sustainable steel through an offtake agreement. The initial agreement has now evolved into a binding agreement, covering substantial volumes that will be manufactured at H2 Green Steel's green hydrogen-powered iron and steel plant in Boden, located in northern Sweden. By utilizing high-quality steel produced sustainably, Mercedes-Benz takes another stride towards reducing the environmental impact of its car manufacturing process.
    
    Henrik Henriksson, CEO of H2 Green Steel, acknowledges the pivotal role played by pioneering automotive companies like Mercedes-Benz in signaling the need for a faster transition in the steel industry to meet climate targets. Henriksson emphasizes the partnership's potential to elevate supply chain emissions, circularity, and social sustainability. He considers Mercedes-Benz a robust collaborator for H2 Green Steel's European operations and their shared aspirations in the North American steel value chain.
    
    In addition to sustainable steel production, Mercedes-Benz is strongly committed to circularity. The partnership with H2 Green Steel aims to establish a closed-loop recycling system for scrap steel at the Boden plant. Furthermore, the collaboration enables H2 Green Steel to leverage Mercedes-Benz's extensive knowledge and expertise in ensuring human rights in the supply chain.
15. voda 8 juni 2023 08:53

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    China's Iron Ore Imports & Steel Exports Surge in May
    
    Strategic Research Institute
    Published on :
    8 Jun, 2023, 7:16 am
    
    China's iron ore imports experienced a notable surge in the month of May, reflecting a 3.95% increase compared to the previous year, according to customs data unveiled on Wednesday. The world's largest consumer of iron ore brought in a total of 96.18 million tonnes of this vital steelmaking ingredient in May 2023, surpassing the 92.52 million tonnes recorded in May 2022. Moreover, the import volume for May exceeded the 90.44 million tonnes registered in April. From January to May 2023, China's iron ore imports amounted to a total of 481 million tonnes, marking a 7.7% increase compared to the previous year.
    
    One significant contributing factor to the increased demand for iron ore has been the improved steel margins resulting from a significant decline in raw material prices. Consequently, steel mills have been motivated to purchase more of this crucial ingredient. In May, the most-traded September iron ore futures on the Dalian Commodity Exchange dropped by 1.7%, while coking coal and coke prices experienced declines of 12.2% and 11.6% respectively. Additionally, rebar prices dipped by 6.4% and hot-rolled coil prices by 4.8%.
    
    The profitability of the surveyed steel mills witnessed a notable rise, reaching 34.2% by the end of May, up from 26.41% in late April, as per data from Mysteel. Cheng Peng, an analyst at Sinosteel Futures in Beijing, suggested that the combination of sluggish economic recovery in overseas countries and persistently high iron ore prices could have incentivized miners to increase shipments to China.
    
    In addition to the surge in iron ore imports, China's exports of steel products in May witnessed a significant rise of 7.7% year-on-year, reaching 8.36 million tonnes, the highest figure since September 2016. Between January and May, steel product exports from China increased by 40.9% compared to the same period last year, totaling 36.37 million tonnes.
    
    Conversely, China's imports of steel products experienced a decline, with only 631,000 tonnes imported in May, down from 806,000 tonnes in May 2022. The cumulative imports for the first five months of this year amounted to 3.13 million tonnes, reflecting a 37.1% decrease compared to the previous year.
16. voda 8 juni 2023 08:54

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    JSW Group's Ambitious Expansion Plans Signal India's Ascendancy
    
    Strategic Research Institute
    Published on :
    8 Jun, 2023, 7:19 am
    
    In an exclusive interview with CNBC-TV18, Sajjan Jindal, Chairman of JSW Group, expressed his firm belief that the next decade, and possibly even the next two, belong to India. While attending EY's World Entrepreneur of The Year Awards in Monte Carlo, Jindal highlighted the global excitement surrounding India's potential and its projected economic rise. He affirmed that the coming years will undoubtedly be for India.
    
    As the Chairman of JSW Group, a major player in the infrastructure sector, Jindal stressed the intrinsic link between the group's growth and India's overall development. He stated, "We as a group are in the infrastructure space, and it is closely connected with the growth of the country." Jindal's optimism stems from the fact that as India progresses, JSW Group is poised to grow even faster, catering to the needs of an expanding nation.
    
    JSW Group has set forth ambitious expansion plans, with the aim of doubling its steel capacity and capturing a significant market share in paints by 2026. The group intends to invest around $25 billion over the next seven years to support these growth objectives. Currently, JSW Group's steel capacity stands at 28 million tonnes, but the target is to surpass 50 million tonnes by 2030.
    
    The government's projection of India's steel demand reaching 250 million tonnes in the next seven years has motivated JSW Group to double its growth and capacity. Jindal emphasized the substantial investment required in the steel industry, stating, "The thumb rule in the steel industry is that for every million tonnes, you have to invest at least $1 billion, if not more. So, therefore, we are talking about close to $25 billion in the next seven years."
    
    In addition to the steel sector, JSW Group is also exploring opportunities in the paints industry. The group aims to build two new paint plants in India, leveraging the success of its consumer-facing business, JSW Paints. Notably, the paint business aligns with the group's green initiatives as it utilizes waste from cement and power plants. The expansion in the paints segment will primarily involve greenfield expansions.
17. voda 9 juni 2023 06:39

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    David Crane Confirmed as Under Secretary for Infrastructure
    
    Strategic Research Institute
    Published on :
    9 Jun, 2023, 6:23 am
    
    In an important development, the U.S. Senate has confirmed David Crane as the Under Secretary for Infrastructure at the U.S. Department of Energy, garnering bipartisan support with a vote of 56 to 43. U.S. Secretary of Energy Jennifer M. Granholm commended this confirmation and issued a statement highlighting Crane's invaluable contributions to the clean energy sector throughout his career.
    
    Crane's extensive experience in the private sector has allowed him to shape and influence President Biden's clean energy agenda. With a deep understanding of the energy sector, he is the ideal fit for the newly created position of Under Secretary for Infrastructure. His leadership within the Department will be pivotal in achieving the goals outlined in the President's Invest in America Agenda and the Bipartisan Infrastructure Law. This includes the deployment of clean energy manufacturing and capacity, the strengthening of domestic energy security, the generation of high-paying jobs across the nation, and the reduction of costs for all Americans.
    
    David Crane has established himself as a prominent business voice in sustainability, clean energy, and climate change. Prior to his role as Under Secretary for Infrastructure, he served as the Director of the Office of Clean Energy Demonstrations at the U.S. Department of Energy. Outside of government, Crane held influential positions, including CEO of Climate Real Impact Solutions and directorships at Heliogen Inc, Source Global, JERA Co. Inc., and Tata Steel Ltd. He also served on the not-for-profit boards of Elemental Excelerator and The Climate Group NA.
    
    David Crane is a graduate of Harvard Law School and Princeton University. His appointment as Under Secretary for Infrastructure positions him as a key player in driving the nation's clean energy transformation and fostering sustainable infrastructure development.
18. voda 9 juni 2023 06:44

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    Disinvestment: Ferro Scrap Nigam Ltd Enters Final Stages
    
    Strategic Research Institute
    Published on :
    9 Jun, 2023, 6:38 am
    
    In a significant development, the strategic disinvestment process of Ferro Scrap Nigam Ltd (FSNL), a 100% subsidiary of MSTC Ltd, has entered its final stages. According to two officials familiar with the matter, the draft share purchase agreement has been finalized based on the recommendations of an inter-ministerial group. The disinvestment is expected to be completed in the second quarter of the current fiscal year, reports Mint
    
    As of June last year, the government-backed company received multiple bids following the initial calls for expression of interest. Bidders sought clarity on various conditions, including employee protection, business continuity, asset stripping, lock-in of shares acquired, and shareholding of consortium members in the special purpose vehicle.
    
    FSNL, categorized as a Mini Ratna II CPSE, was incorporated in 1979 with the objective of providing steel mill services and processing steel mill slag for the recovery of iron scrap and other metallics. It operates nine steel plants in India and specializes in the recovery and processing of scrap from slag and refuse generated during iron and steel production across different plants. The company offers services such as dig and haul of blast furnaces, processing of iron and steel skulls, and handling maintenance scrap.
    
    With its expertise in scrap recovery, FSNL has become India's largest recycler in terms of the volume of scrap and slag handled across multiple plants. In the fiscal year 2020-21, the company reported a revenue of ?352.74 crore and a profit of ?22.75 crore. As of September 2021, FSNL had a cash balance of ?169.9 crore with no debt servicing obligations.
19. voda 9 juni 2023 06:45

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    Advancing Sustainable Steel: Investigation to Inform Negotiations
    
    Strategic Research Institute
    Published on :
    9 Jun, 2023, 6:40 am
    
    In a significant development, a forthcoming investigation is poised to play a crucial role in negotiations between the United States, the European Union, and potentially other nations regarding the sustainable production of steel and aluminum.
    
    This investigation seeks to address two key objectives: discouraging trade in high-carbon steel and aluminum products that contribute to non-market excess capacity globally, and ensuring that domestic policies promote the reduction of carbon intensity in these industries. Ultimately, this agreement could result in the imposition of new tariffs on steel and aluminum imports linked to specific levels of greenhouse gas emissions, yet to be determined.
    
    The initial negotiation partners, the United States and the European Union, aim to conclude their discussions by October of this year. Additionally, other "like-minded economies" will be invited to participate in this arrangement, fostering a collaborative effort to achieve sustainable trade practices.
    
    To facilitate these negotiations and inform policy decisions, U.S. Trade Representative Katherine Tai has requested a report from the International Trade Commission. The report, due by January 28, 2025, will assess the greenhouse gas emission intensity associated with steel and aluminum production in the United States, whether by domestic or foreign-owned firms. It will analyze direct emissions from each facility's owned or controlled sources, as well as indirect emissions stemming from the generation of purchased energy and other emissions occurring within the reporting company's value chain.
20. voda 9 juni 2023 06:45

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    Ascent Industries to Shut Down Welded Pipe Plant in Munhall
    
    Strategic Research Institute
    Published on :
    9 Jun, 2023, 6:42 am
    
    In a significant development, Ascent Industries Co. has made the difficult decision to permanently shut down its welded pipe and tube facility in Munhall, Pennsylvania. This announcement, effective from August 31, 2023, comes after a recent layoff that resulted in the loss of 114 jobs at the Munhall plant earlier in January 2023.
    
    It is important to note that Ascent Industries Co. had previously indicated its plans to reduce operations at the Munhall facility, particularly in relation to its galvanized pipe and tube operations. However, the Munhall plant primarily focuses on the production of stainless steel pipe and tubing, which will now cease production altogether.
    
    As the closure date approaches, the future of the Munhall facility remains uncertain. No details have been provided by Ascent Industries Co. regarding the fate of the facility or any potential alternative plans for the site.