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1. voda 9 juni 2023 07:34

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   AD Duty Review on Large Diameter Welded Pipe from Turkey & Canada
   
   Strategic Research Institute
   Published on :
   9 Jun, 2023, 6:45 am
   
   In a significant development, the US Department of Commerce (DOC) has unveiled the preliminary results of its administrative review on the antidumping duty (AD) order pertaining to large diameter (LD) welded pipe imports from Turkey and Canada. This review covered the period from May 1, 2021, to April 30, 2022, and examined the sales practices of Turkish and Canadian steel producers.
   
   During the review period, it was determined that Turkish and Canadian steel producers did not sell the specified products at less than normal value. Furthermore, it was found that four Turkish companies made no shipments of the product during the review period. As a result, the DOC has calculated weighted-average dumping margins of zero for both countries.
   
   While these preliminary results provide a positive outcome for Turkish and Canadian steel producers, it is important to note that the final result of the review is yet to be announced. The DOC is expected to release the final result within 120 days of the publication of the preliminary results.
   
   Effective from June 6, the preliminary antidumping duty for the country will be applicable. This decision marks a significant milestone in the ongoing efforts to ensure fair trade practices and protect domestic industries.
2. voda 9 juni 2023 07:35

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   AISI Applauds Introduction of Bills to Address Unfair Trade
   
   Strategic Research Institute
   Published on :
   9 Jun, 2023, 6:47 am
   
   In a significant move to protect the American steel industry and promote fair trade practices, the American Iron and Steel Institute (AISI) has commended the introduction of the "Eliminating Global Market Distortions to Protect American Jobs Act of 2023." This bipartisan legislation, also known as the "Leveling the Playing Field Act 2.0," seeks to bolster U.S. trade remedy laws and provide stronger enforcement tools to combat repeat offenders of these laws.
   
   The bill, introduced in the Senate by Senators Sherrod Brown (D-OH) and Todd Young (R-IN), and in the House by Reps. Bill Johnson (R-OH) and Terri Sewell (D-AL), addresses the pressing issue of unfair trade practices and cross-border subsidization in the steel industry. It aims to crack down on foreign governments that subsidize industries, including steel, not only within their own borders but also in other countries, creating market distortions and posing challenges to American steel producers.
   
   Kevin Dempsey, president and CEO of AISI, emphasized the significance of this legislation in protecting the American steel industry. He highlighted the repeated surges of unfairly traded steel imports, particularly from countries that engage in dumping and subsidization practices, sometimes resulting in steel with higher carbon intensity than that produced by U.S. steelmakers. Despite seeking relief through the U.S. trade remedy system, American steelmakers have faced new surges of imports from countries not subject to the original antidumping or countervailing duty orders.
   
   The introduction of the "Eliminating Global Market Distortions to Protect American Jobs Act of 2023" aims to strengthen the effectiveness of U.S. trade laws, instilling confidence in the American public that their government possesses the necessary tools to ensure a level playing field for the American steel industry and its workers. AISI expresses its appreciation for the leadership demonstrated by Senators Brown and Young, as well as Representatives Johnson and Sewell, in supporting the American steel industry.
   
   Furthermore, the legislation addresses the issue of cross-border subsidization, exemplified by Chinese steelmakers building export-oriented steelmaking facilities in other Asian countries as part of their "Belt and Road Initiative." This enables them to export steel to the U.S. market, posing additional challenges to American steel producers.
3. voda 9 juni 2023 07:35

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   Kloeckner Metals Unveils $40 Million Facility in Queretaro, Mexico
   
   Strategic Research Institute
   Published on :
   9 Jun, 2023, 6:50 am
   
   In a significant move that showcases its commitment to expansion and market presence, Kloeckner Metals Corporation, a prominent US steel processor and distributor, has inaugurated its second operations center in the state of Queretaro, Mexico. This state-of-the-art facility, representing a remarkable investment of $40 million, underscores the company's strategic vision for growth and advancement.
   
   Spanning an expansive area of nearly 8,000 square meters in the municipality of El Marques, situated just 5.0 miles east of the state capital, the new Kloeckner facility boasts an impressive inventory of steel products. These include HRPO, cold rolled, galvanized coated steel, and ultra-high strength carbon steel, among others. The diverse range of offerings caters to a multitude of industries, with a specific focus on automotive, HVAC (Heating, Ventilation, and Air Conditioning), metal forming, and telecommunications.
   
   The newly established Kloeckner facility complements its existing operations center in the northern city of Apodaca, Nuevo Leon. Together, these centers strategically position the company to serve a wide array of clients, including manufacturers in the automotive, HVAC, and appliance sectors, as well as metal forming stampers and builders of telecommunications and electronics enclosures.
   
   With the opening of the Queretaro facility, Kloeckner Metals Corporation reinforces its ability to serve companies located in the central region of Mexico, such as Mexico City, Guanajuato, Aguascalientes, Guadalajara, Puebla, and Queretaro itself. Additionally, the company has leased warehouses in the central state of Puebla and the western city of Guadalajara, Jalisco, to cater to clients in the southern part of the country.
   
   Notably, the Queretaro facilities are equipped with advanced rail infrastructure, facilitating the transportation of cargo through the Canadian Pacific Kansas City unit in Mexico. This strategic advantage enhances Kloeckner Metals Corporation's logistical capabilities, ensuring efficient and timely delivery of steel products to its customers across the region.
4. voda 9 juni 2023 07:36

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   voestalpine Achieves Record Figures in 2022/23
   
   Strategic Research Institute
   Published on :
   9 Jun, 2023, 6:53 am
   
   In the business year 2022/23, voestalpine has surpassed all expectations by achieving record figures in revenue and operating results. The steel and technology group reported a remarkable 22.1% increase in revenue, reaching EUR 18.2 billion compared to EUR 14.9 billion in the previous year. The operating result (EBITDA) also saw significant growth, reaching EUR 2.5 billion with an EBITDA margin of 14%. Additionally, profit from operations (EBIT) increased by 11.7% to EUR 1.6 billion, marking a new high for the company.
   
   Despite operating in a highly volatile environment, voestalpine showcased the strength of its corporate strategy, leveraging its global presence and industrial diversification. The energy sector, particularly oil and natural gas, performed exceptionally well, while demand for their solar industry products continued to grow. The voestalpine Railway Systems business segment also experienced positive developments, securing major contracts for rail infrastructure projects. In the aerospace industry, the company received significant orders from renowned international manufacturers.
   
   voestalpine's exceptional financial performance is attributed to their ability to navigate challenges and adapt to market demands. They successfully reduced net financial debt by 27.5%, reaching its lowest level since 2006/2007. Furthermore, the company achieved a new record level of equity at EUR 7.8 billion, and the number of employees rose by 1.9% to 51,200.
   
   Looking ahead to 2023/24, voestalpine expects an EBITDA between EUR 1.7 billion and EUR 1.9 billion, showcasing their confidence in sustaining growth and profitability. With their outstanding results and ongoing commitment to excellence, voestalpine continues to solidify its position as a leader in the steel industry.
5. voda 9 juni 2023 07:36

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   May SIMA Imports Data Indicats Increased Steel Imports in US
   
   Strategic Research Institute
   Published on :
   9 Jun, 2023, 6:56 am
   
   The American Iron and Steel Institute (AISI) has published the May Steel Import Monitoring and Analysis (SIMA) data, revealing a notable increase in steel import permit applications. According to the report, permit applications for May reached 2,395,000 net tons (NT), representing a 3.6% growth compared to April's recorded permit tons of 2,311,000. Additionally, import permit tonnage for finished steel in May was 1,875,000, reflecting a 3.0% decrease from April's final imports total of 1,933,000.
   
   When considering the first five months of 2023, encompassing May SIMA permits and April final imports, total and finished steel imports experienced a decline of 12.0% and 15.7%, respectively, compared to the same period in 2022. The estimated finished steel import market share for May stood at 21%, while the year-to-date (YTD) share reached 22%.
   
   Among the steel products, several witnessed significant increases in import permit applications compared to April's final imports. Cut lengths plates saw a surge of 70%, followed by cold rolled sheets (54%), sheet and strip hot dipped galvanized (36%), structural pipe and tubing (28%), and hot rolled bars (28%). Year-to-date (YTD) comparisons against the same period in 2022 also revealed remarkable growth for standard rails (73%), oil country goods (46%), electrical sheet and strip (43%), line pipe (19%), and cut length plates (16%).
   
   Regarding the countries involved in steel imports, Canada emerged as the largest supplier in May, with permit applications totaling 627,000 NT, indicating a 6% increase from April's final figures. Brazil witnessed a substantial surge of 46%, reaching 311,000 NT, while Mexico experienced a decrease of 20%, with permit applications amounting to 281,000 NT. South Korea and Japan recorded permit applications of 171,000 NT (up 2%) and 112,000 NT (down 13%), respectively. In the first five months of 2023, Canada, Mexico, and Brazil remained the primary suppliers, with varying levels of import volumes.
   
   It's important to note that the import permits data represents tonnages requested in applications and may not precisely reflect actual import volumes. Preliminary estimates of actual import volumes for the month will be available later in June.
   
   Net tons (NT) refer to short tons (1 short ton = 2,000 pounds).
6. voda 9 juni 2023 07:37

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   Steel Production Continues Amidst Power Plant Damage in Ukraine
   
   Strategic Research Institute
   Published on :
   9 Jun, 2023, 6:59 am
   
   Amidst the destruction of the Kakhovskaya Hydroelectric Power Plant, Ukrainian steel giants Metinvest and Interpipe's operations continue uninterrupted. The incident, which Ukraine accuses Russia of causing while Russia blames Kyiv, has not impacted the production at Metinvest's Kryvyi Rih enterprises. However, water consumption reduction measures have been advised due to the compromised water supply from the Kakhovsky Reservoir, reports Kalanish
   
   Metinvest is actively supporting the Ukrainian army engineers by providing equipment, fuel, and specialists for the construction of fortifications in Pokrovsk, Donetsk region. This initiative highlights Metinvest's commitment to contribute to the defense efforts of the country during challenging times.
   
   Meanwhile, Interpipe's Niko Tube plant, a significant manufacturer of pipes for various industries, including oil and gas, machine building, and energy, continues its normal operations. Although the current situation at the dam poses potential risks, the company's management closely monitors the situation and ensures that production remains on track.
   
   On the other hand, ArcelorMittal Kryvyi Rih (AMKR) temporarily suspended its steel production following the disaster. While water-cooled equipment has been halted to conserve resources and protect production units, blast furnace and coke-chemical production are still functioning. AMKR expects to resume normal operations after evaluating the impact of the water level drop.
7. voda 9 juni 2023 07:38

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   British Steel Wins 4-Year Contract with Infrabel for Rail Supply
   
   Strategic Research Institute
   Published on :
   9 Jun, 2023, 7:01 am
   
   British Steel's Rail business celebrates another remarkable achievement with a 4-year contract win from Infrabel, the Belgian railway infrastructure manager. This agreement solidifies British Steel's position as a reliable supplier of high-quality rail for track maintenance and renewal on the Belgian rail network. Deliveries are set to commence this month, highlighting the company's commitment to prompt service.
   
   Jérôme Bonef, British Steel's Export Sales Manager, Rail, expresses delight in securing the contract and emphasizes the importance of the enduring partnership with Infrabel. The highly competitive market makes this achievement all the more gratifying, as Infrabel's selection reaffirms British Steel's exceptional technical track record, adaptability to market demand, efficient logistics solutions, and impeccable delivery performance.
   
   Manufactured at British Steel's Rail and Section Mill in Scunthorpe, the 100-metre-long rails will be transported by rail to Infrabel's welding facility in Belgium. This streamlined process showcases British Steel's integrated supply chain and ensures the highest quality standards are met.
   
   The company's dedication to precision and excellence is further exemplified by its recent major export deal for West Africa, where British Steel will supply a record-breaking order of 244,000 steel sleepers to the Guinea Bauxite Company.
8. voda 9 juni 2023 07:39

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   India's Bid for US Tariff Exemption on Steel Unlikely to Succeed
   
   Strategic Research Institute
   Published on :
   9 Jun, 2023, 7:02 am
   
   India's quest for an exemption from the U.S. steel and aluminium tariffs, through a proposal to remove some tariffs on U.S. agricultural goods, is facing challenges. Sources familiar with the ongoing discussions between New Delhi and Washington reveal that the United States is currently not seriously considering India's offer. Negotiators have been in talks ahead of Indian Prime Minister Narendra Modi's upcoming visit to the U.S., but prospects for an agreement appear limited, reports Reuter
   
   According to Indian sources, officials from India have expressed a willingness to withdraw retaliatory tariffs on certain agricultural goods, such as almonds and walnuts, as part of a potential deal. However, a U.S. source familiar with the talks stated that the U.S. team quickly dismissed India's request for an exemption on Section 232 tariffs, emphasizing that it is not under serious consideration at this time.
   
   Despite expectations of reaching an agreement during Prime Minister Modi's visit, the U.S. negotiators have shown limited flexibility, according to an Indian government source. However, India remains open to discussing other trade measures proposed by U.S. officials.
   
   The Indian trade ministry did not respond to a request for comment, and both the Office of the U.S. Trade Representative and the U.S. Department of Commerce, which administers the Section 232 tariffs, declined to comment on the matter.
   
   In 2018, former U.S. President Donald Trump imposed a 25% tariff on all steel imports and a 10% tariff on aluminium using Section 232 provisions. In response, India imposed tariffs on 28 U.S. products, including almonds, apples, and walnuts.
   
   While India seeks an exemption, several steel industry leaders in the U.S. expressed support for maintaining the tariffs during a recent Congressional Steel Caucus hearing. The American Iron and Steel Institute trade group president, Kevin Dempsey, stated that he believes the U.S. government is unlikely to agree to withdraw the tariffs.
9. voda 9 juni 2023 07:39

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   Safeguarding India's Steel Industry: Ministry Explores Measures
   
   Strategic Research Institute
   Published on :
   9 Jun, 2023, 7:05 am
   
   In a bid to safeguard the domestic steel industry from dumping practices by China, the steel ministry is set to address the issue of duty protection on certain steel products. Steel Minister Jyotiraditya Scindia revealed that proposals for higher import duties on specific steel items have been put forward by a few steel companies. The ministry is currently examining these proposals and plans to discuss them with the finance ministry for appropriate action, reports Mint
   
   Despite rising concerns over increased steel imports in certain categories, Scindia assured that the situation was not a major worry, as the overall imports of steel remained relatively low. India has made significant progress in the steel sector, transitioning from being a net importer of steel in FY15 to becoming a net exporter. In the fiscal year 2023, the country produced 122.28 million tonnes of steel, with imports standing at 6.02 million tonnes and exports at 6.72 million tonnes.
   
   The steel industry has been advocating for measures to protect the domestic market, including an increase in basic customs duty on steel and the imposition of additional safeguard duties on specific products. The industry has also called for a 25% safeguard duty on steel imports from countries with which India has a free trade agreement, as a significant portion of imports originates from these nations. The allegations of predatory pricing by foreign steelmakers have further fueled the industry's demand for protection.
   
   Minister Scindia emphasized that while the import numbers were minimal, the domestic market and production were growing rapidly. He highlighted the success of the government's policy of promoting domestically manufactured iron and steel products in public procurement, which has resulted in import substitution worth approximately 34,800 crore.
10. voda 9 juni 2023 07:40

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    Steel Coil Transport: DNV Unveils the Steel Load Planner
    
    Strategic Research Institute
    Published on :
    9 Jun, 2023, 7:06 am
    
    In a significant development at the Nor-Shipping trade fair, renowned classification society DNV has introduced its groundbreaking Steel Load Planner (SLP). This self-service application is poised to transform the transport of steel coils by providing instant confirmation of rule compliance for proposed loading plans. With the Steel Load Planner, ship managers and operators can ensure optimized cargo intake, adhere to applicable rules, and mitigate the risk of accidents and incidents at sea.
    
    Steel coils present a challenge due to their varying sizes and weights, making it difficult to assess the suitability of vessels for specific shipments. The SLP offers users the ability to customize a vessel's loading plan based on the proposed shipment, accounting for any steel coil dimensions. Additionally, it allows users to confirm the vessel's inner hull strength capacity in accordance with the applicable rules. This empowers them to create, check, and print load plans, ensuring secure transportation while maximizing the vessel's cargo capacity.
    
    Morten Løvstad, Vice President and Global Business Director for Bulk Carriers at DNV Maritime, expressed enthusiasm for the Steel Load Planner, highlighting its transformative potential for customers. The SLP app enables the swift verification of various loading plans and provides flexibility in terms of coil size and dimensions, allowing for a wide range of loading patterns. By optimizing cargo intake, customers not only improve revenue opportunities but also reduce emissions. The SLP streamlines internal processes, saves time, and enhances communication among stakeholders by providing real-time access to reliable and accurate data.
    
    Most cargo securing manuals for vessels do not offer detailed information on the carriage of steel coils, leaving cargo planners to determine loading limits on their own. The Steel Load Planner fills this information gap and proves particularly beneficial for cargo planners preparing the stowage of steel coils in dry cargo vessels or bulk carriers. It addresses the lack of cargo-type-specific information and empowers planners to determine permissible cargo loads, thereby preventing damage to the ship structure.
    
    DNV's Steel Load Planner serves as a valuable tool for cargo planners, offering reliable information to quickly assess whether a specific type of steel coil can be safely transported and how it should be stowed. By utilizing the SLP, customers gain a simple solution that enhances transparency, instills confidence in cargo owners, and improves communication between the port, captain, and crew.
    
    The Steel Load Planner app is now available through the Veracity marketplace, providing a user-friendly platform for efficient and secure steel coil transport.
11. voda 9 juni 2023 07:40

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    JSL Plans Mega Capex to Boost Global Presence
    
    Strategic Research Institute
    Published on :
    9 Jun, 2023, 7:09 am
    
    Jindal Stainless Limited (JSL), one of India's leading stainless steel manufacturers, has revealed its plan for a significant capital expenditure of $292 million in the current fiscal year 2023-24. This investment aims to support ongoing projects and finance recent overseas acquisitions, including Jindal United Steel and New Yaking.
    
    According to a company official, the majority of the capital expenditure will be allocated to completing existing projects, while a portion will be dedicated to bolstering the recently acquired entities. In March of this year, JSL announced the acquisition of a 49% equity stake in nickel producer New Yaking, based in Indonesia. Additionally, JSL plans to increase its equity stake to 74% in Jindal United Steel.
    
    JSL's Managing Director, Abhyuday Jindal, expressed the company's ambition to secure a prominent position among the top stainless steel manufacturers globally. He stated, "The goal is definitely to be among the top two or three stainless steel manufacturers in the world." Jindal emphasized that achieving this goal would depend on market conditions but estimated it could be realized within the next couple of years or four to five years at the latest. To accomplish this, JSL aims to augment its annual production capacity by an additional 1-1.5 million metric tonnes.
    
    Currently, JSL produces 2.9 million metric tonnes per year of various stainless steel products. The planned capital expenditure reflects the company's commitment to expanding its global presence and increasing its manufacturing capabilities. By strategically investing in ongoing projects and leveraging recent acquisitions, JSL aims to strengthen its position as a major player in the stainless steel industry.
12. voda 9 juni 2023 07:41

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    EU Unearths Duty-Circumvention Scheme on Chinese Steel Plates
    
    Strategic Research Institute
    Published on :
    9 Jun, 2023, 7:10 am
    
    European Union anti-fraud authorities have made a significant discovery, revealing a massive duty-circumvention scheme on steel imports from China. The scheme involved an EU-based importer evading the payment of anti-dumping duties through fraudulent import declarations. The European Anti-Fraud Office (OLAF) and the European Public Prosecutor Office (EPPO) collaborated with customs authorities across EU member states to uncover this fraudulent activity.
    
    According to Eurofer, the regional steel industry association, the duty-circumvention scheme was focused on heavy plate imports from China. The importer intentionally misclassified the imported products to avoid paying an average anti-dumping duty rate of 73.3%. The financial damage caused by this fraudulent activity amounts to €6.5 million, with potential additional consequences of a financial and criminal nature.
    
    As a result of the investigations, a significant quantity of China-origin heavy plates has been held in Belgian ports. The exact volume has not been disclosed, but the investigations have led to the freezing of "substantial tonnages" of the product. The identity of the importer involved has not been revealed, although it is believed to be a trading company based in Western Europe.
    
    The imposition of definitive anti-dumping duties ranging from 65.1% to 73.7% on heavy steel plates from China in 2017 was intended to address unfair trade practices. Prior to the imposition of these duties, China was the dominant supplier of heavy plates to the EU, accounting for 50% (1.3 million tonnes) of all EU imports in 2015, according to Eurofer data.
13. voda 9 juni 2023 07:42

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    Tata Power Secures LOA for 966MW RTC Hybrid Power for Tata Steel
    
    Strategic Research Institute
    Published on :
    9 Jun, 2023, 7:12 am
    
    Tata Power Renewable Energy Limited (TPREL), a leading renewable energy company, has received a prestigious Letter of Award (LOA) through its subsidiary TP Vardhaman Surya Limited. The LOA grants TPREL the opportunity to establish a significant 966MW Round-the-clock (RTC) hybrid renewable power project for Tata Steel, positioning it as one of the largest industrial RTC power initiatives in the country.
    
    This impressive project encompasses a hybrid renewable capacity of 379MW of solar power and 587MW of wind power. It is set to meet a substantial portion of Tata Steel's green energy requirements, making a significant contribution to reducing carbon emissions by approximately 23,89,160 tons annually.
    
    Under this arrangement, Tata Steel will invest 26% equity in the project, highlighting its commitment to sustainable practices and the adoption of clean energy solutions. The commissioning of the project is scheduled for June 1, 2025, ensuring a timely transition to cleaner power sources.
    
    Mr. T. V. Narendran, the CEO and MD of Tata Steel, emphasized the company's commitment to sustainability and reducing carbon emissions associated with its operations. The collaboration with Tata Power Renewable Energy aligns with their vision and represents a significant step towards realizing their target of becoming net-zero by 2045.
14. voda 9 juni 2023 07:42

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    voestalpine Greentec Steel: Paving Way for Sustainable Steelmaking
    
    Strategic Research Institute
    Published on :
    9 Jun, 2023, 7:14 am
    
    The approval of a EUR 1.5 billion investment in greentec steel by voestalpine AG's Supervisory Board in March 2023 represents a significant milestone for the Group's future. This ambitious project aims to revolutionize the steel industry and reduce CO2 emissions by up to 30% from 2027, which accounts for nearly 5% of Austria's total emissions. Resolving funding challenges is a crucial prerequisite for this major undertaking.
    
    The plan entails making crucial decisions regarding plant infrastructure and suppliers throughout 2023, followed by construction commencement in 2024. By 2027, two electric arc furnaces will be commissioned, playing a pivotal role in achieving the emission reduction targets. The anticipated impact on the environment and Austria's sustainability goals cannot be overstated.
    
    Looking ahead, voestalpine envisions replacing additional blast furnaces at their Linz and Donawitz sites by 2030. The Group is already actively engaged in research and development, exploring new steelmaking processes and investing in pilot projects. These endeavors aim to forge new pathways toward carbon neutrality and align with voestalpine's commitment to sustainable growth.
    
    With greentec steel, voestalpine sets a precedent for the steel industry by embracing environmentally friendly practices and reducing its carbon footprint. By aligning with global efforts to combat climate change, voestalpine takes a proactive stance in shaping a sustainable future.
15. voda 9 juni 2023 07:43

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    FERALPI STAHL & SachsenEnergie Collaborate for Sustainable Future
    
    Strategic Research Institute
    Published on :
    9 Jun, 2023, 7:16 am
    
    FERALPI STAHL, the Riesa steelworks, and SachsenEnergie, East Germany's largest municipal utility, have announced their collaboration in the development of a solar park in the Zeithainer district of Jacobsthal. This joint initiative, supported by Riesaer Stadtwerke, signifies the partners' commitment to achieving a sustainable and regional energy supply for the business location.
    
    Uwe Reinecke, the director of FERALPI STAHL, emphasized the company's dedication to producing steel in harmony with the environment. He stated that decarbonization efforts have been a priority for FERALPI STAHL, with investments of over 200 million euros in various projects, including an emission-free spooler rolling mill. The focus now extends to the energy supply, aiming for green energy from the region. SachsenEnergie is seen as the ideal partner to strengthen Saxony as an industrial location and ensure long-term job security.
    
    Dr. Rutger Kretschmer, Head of Energy Generation at SachsenEnergie, expressed gratitude for finding a partner that shares their vision of a sustainable future. Together, they plan to build SachsenEnergie's largest solar park in Jacobsthal, which would result in an annual avoidance of over 64,000 tons of CO2 emissions through solar energy. Regional generation plants of this magnitude play a crucial role in supporting the industrial location and local value creation.
    
    The collaboration between FERALPI STAHL, SachsenEnergie, and Riesaer Stadtwerke has already fostered close cooperation. Stadtwerke Riesa, for instance, benefits from waste heat provided by the Riesa steelworks. The specific involvement of FERALPI STAHL and Riesaer Stadtwerke in the Jacobsthal solar park is yet to be determined, as the project is in the early planning phase. All parties involved are eagerly awaiting approval from the Zeithainer municipal council.
16. voda 9 juni 2023 07:43

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    JFE Steel & Exxon Mobil Collaborate on Hydrogen Pipelines
    
    Strategic Research Institute
    Published on :
    9 Jun, 2023, 7:18 am
    
    JFE Steel, a prominent Japanese steelmaker, has partnered with Exxon Mobil in a groundbreaking collaboration to develop high-pressure hydrogen pipeline technology. The aim is to shape industry standards and address the anticipated increase in demand for hydrogen in the United States. High-pressure pipelines have the capacity to transport significant quantities of hydrogen over long distances, and the JFE-Exxon pipeline is expected to withstand pressures of up to 20 megapascals, a feat that has not been achieved before.
    
    The joint project between JFE Steel and Exxon Mobil is set to begin this autumn at JFE's research facility in Chiba, Japan. The focus will be on collecting data on material strength by installing an electric resistance welded steel pipe with 2-centimeter walls and a diameter of 41 cm in a testing apparatus. The objective is to develop durable materials that can withstand the brittleness caused by hydrogen and operate under high-pressure conditions. Once the technology is developed, Exxon will seek certification under U.S. industrial standards.
    
    Currently, the lack of established standards and testing methods has hindered the progress of product development in this field. JFE Steel aims to determine the optimal diameter and thickness for high-pressure pipelines, potentially enabling commercialization within a year or two. The research and development expenses for the project in fiscal year 2023 will be approximately 25 million yen, with support from the nonprofit organization Nippon Foundation based in Tokyo.
    
    Exxon Mobil, as part of its clean energy initiatives, is considering the construction of one of the world's largest clean hydrogen plants in Texas. The plant would capture carbon dioxide emissions generated during hydrogen production from natural gas. With the projected increase in global clean hydrogen production, the collaboration between JFE Steel and Exxon Mobil positions them to play a significant role in meeting the growing demand for hydrogen.
    
    The utilization of high-pressure pipelines is crucial for transporting hydrogen from production sites to remote power plants and factories, supporting the decarbonization efforts outlined by U.S. President Joe Biden. The U.S. Environmental Protection Agency has proposed regulations requiring gas-fired power plants to co-fire with hydrogen, further highlighting the need for efficient hydrogen transportation infrastructure.
    
    JFE Steel's expertise in corrosion-resistant steel pipes and their successful track record in offshore oil fields make them a leading player in the industry. The company's pipelines, known for their resistance to extremely low temperatures, have also been utilized in resource development projects in Alaska.
17. voda 9 juni 2023 07:44

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    • voda

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    Jindal Stainless Takes a Leap for Green Hydrogen in Odisha Plant
    
    Strategic Research Institute
    Published on :
    9 Jun, 2023, 7:20 am
    
    In an interview with Mint, the Chief Sustainability Officer (CSO) of Jindal Stainless, Kalyan Kumar Bhattacherjee, highlighted India's favorable conditions for green hydrogen production. Access to clean water and renewable electricity positions India well to generate green hydrogen, a clean and sustainable energy source. As part of its commitment to environmental responsibility, Jindal Stainless has become the first stainless steel company in India to install a green hydrogen plant.
    
    The company has set ambitious goals to achieve net-zero emissions by 2050. In the near term, they aim to reduce emissions by at least 50% from the baseline year of 2021-2022 by implementing various initiatives. These include energy substitution, feed mix optimization, energy efficiency, renewable energy adoption, carbon capture, and carbon offsets. To facilitate this transition, Jindal Stainless plans to increase its use of renewable energy and gradually phase out thermal power generation.
    
    Jindal Stainless has partnered with ReNew Power to establish a 100 MW hybrid renewable energy project. Additionally, the company has initiated similar projects in Jajpur, Odisha, and Hisar, Haryana, with the goal of increasing the use of renewable energy and reducing reliance on thermal power. Furthermore, Jindal Stainless plans to replace fossil fuels with biofuels at its Jajpur facility and gradually transition to a green grid as renewable energy technologies mature.
    
    The switch to green hydrogen is a significant step for Jindal Stainless. The company has already commenced a pilot-scale green hydrogen project at its Hisar manufacturing facility, which is expected to be operational by August 2023. This pilot project will help reduce carbon emissions by approximately 2,700 tonnes per year. Jindal Stainless intends to replicate this project at its Jajpur facility with a capacity of 700 Nm3/hr. Green hydrogen will be utilized in the bright annealing process for stainless steel production, replacing conventional hydrogen.
18. voda 9 juni 2023 07:45

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    • voda

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    Fastmarkets Introduces European Green Steel Prices
    
    Strategic Research Institute
    Published on :
    9 Jun, 2023, 7:22 am
    
    Fastmarkets, a renowned cross-commodity price reporting agency, has unveiled a groundbreaking suite of green steel prices to facilitate the steel industry's transition towards decarbonization. Green steel, also known as low-carbon emission or sustainable steel, is produced using environmentally friendly and energy-efficient processes that minimize carbon dioxide emissions. Traditional steel production methods, such as the blast furnace route, contribute significantly to global greenhouse gas emissions due to their high carbon intensity.
    
    The first price, MB-STE-0904, assesses the domestic, flat-rolled steel differential to the HRC index, ex-works in northern Europe, with a minimum quantity of 10 tonnes and a weekly publication frequency. This price reflects steel produced with maximum emissions of 1 tonne CO2 per tonne of steel across scope 1, 2, and 3.
    
    The second price, MB-STE-0905, is the daily inferred Green Steel base price, calculated by adding the weekly Green Steel differential to the daily Northern Europe HRC index. This price captures the differential between traditional flat-rolled steel prices and the prices for steel with low emissions of a maximum of 1 tonne CO2 per tonne of steel. Both prices consider all production methods and raw materials, including scrap-based production and steel made using hydrogen-reduced iron.
    
    The newly launched green steel benchmarks aim to assess the price differential between traditional flat steel and low-carbon emission steel, providing transparency for the industry. These prices address the growing demand for sustainable steel, which is driven by various factors, including the European Union's emissions trading system (ETS) and the automotive industry's increasing interest in environmentally friendly materials.
19. voda 9 juni 2023 07:46

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    World Steel in Figures 2023: A Comprehensive Overview
    
    Strategic Research Institute
    Published on :
    9 Jun, 2023, 7:25 am
    
    The World Steel Association (worldsteel) has recently released the highly anticipated 2023 edition of World Steel in Figures, offering a comprehensive overview of the activities within the global steel industry. From crude steel production to apparent steel use, and from trade flows to iron ore production, this publication presents a wealth of information crucial for understanding the sector's current landscape.
    
    Dr Edwin Basson, Director General of worldsteel, highlights that most countries experienced a slight decrease in steel production and use in 2022, largely due to the ongoing impact of COVID-related restrictions. Looking ahead, any future growth in steel demand must be aligned with the principles of the Paris Agreement. worldsteel's policy paper on climate change emphasizes the need to improve the efficiency of existing technologies while rapidly deploying innovative steelmaking methods on a large scale. The organization commends its members for their dedication to these goals.
    
    The report also features a list of the top 50 steel-producing companies in 2022, showcasing their respective crude steel production volumes. China Baowu Group tops the list with 131.84 million tonnes, followed by ArcelorMittal® and Ansteel Group®. This ranking serves as a testament to the global significance of these companies in the steel industry.
    
    Here is a list of the top 50 steel companies ranked by tonnage:
    
    ? China Baowu Group - 131.84 million metric tons
    
    ? ArcelorMittal® - 68.89 million metric tons
    
    ? Ansteel Group® - 55.65 million metric tons
    
    ? Nippon Steel Corporation® - 44.37 million metric tons
    
    ? Shagang Group - 41.45 million metric tons
    
    ? HBIS Group - 41.00 million metric tons
    
    ? POSCO Holdings - 38.64 million metric tons
    
    ? Jianlong Group - 36.56 million metric tons
    
    ? Shougang Group - 33.82 million metric tons
    
    ? Tata Steel - 30.18 million metric tons
    
    ? Shandong Steel Group - 29.42 million metric tons
    
    ? Delong Steel - 27.90 million metric tons
    
    ? Hunan Steel Group® - 26.43 million metric tons
    
    ? JFE Steel Corporation - 26.20 million metric tons
    
    ? JSW Steel Limited - 23.38 million metric tons
    
    ? Nucor Corporation - 20.60 million metric tons
    
    ? Fangda Steel - 19.70 million metric tons
    
    ? Hyundai Steel - 18.77 million metric tons
    
    ? Liuzhou Steel - 18.21 million metric tons
    
    ? IMIDRO® - 18.00 million metric tons
    
    ? SAIL - 17.93 million metric tons
    
    ? Cleveland-Cliffs - 16.80 million metric tons
    
    ? NLMK - 16.00 million metric tons
    
    ? Rizhao Steel - 15.63 million metric tons
    
    ? CITIC Pacific - 15.03 million metric tons
    
    ? Techint Group - 14.86 million metric tons
    
    ? U.S. Steel - 14.49 million metric tons
    
    ? Shenglong Metallurgical - 14.21 million metric tons
    
    ? Baotou Steel - 14.18 million metric tons
    
    ? Jingye Group - 13.97 million metric tons
    
    ? China Steel Corporation - 13.96 million metric tons
    
    ? Sinogiant Group - 13.95 million metric tons
    
    ? Tsingshan Holding - 13.92 million metric tons
    
    ? Gerdau S.A. - 13.90 million metric tons
    
    ? EVRAZ - 12.50 million metric tons
    
    ? Zenith Steel - 12.23 million metric tons
    
    ? Shaanxi Steel - 12.17 million metric tons
    
    ? MMK - 11.69 million metric tons
    
    ? Anyang Steel - 11.18 million metric tons
    
    ? Sanming Steel - 11.03 million metric tons
    
    ? Nanjing Steel - 11.00 million metric tons
    
    ? Severstal - 10.69 million metric tons
    
    ? thyssenkrupp - 9.93 million metric tons
    
    ? Steel Dynamics, Inc. - 9.73 million metric tons
    
    ? Donghai Special Steel - 9.65 million metric tons
    
    ? Jiuquan Steel - 9.01 million metric tons
    
    ? Jindal Steel and Power - 8.01 million metric tons
    
    ? Erdemir Group - 7.79 million metric tons
    
    ? Jinxi Steel - 7.43 million metric tons
    
    ? Voestalpine Group - 7.42 million metric tons
20. voda 9 juni 2023 09:34

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    Saudi mills conclude Middle East billet export deals
    323 Views
    
    Amid a lack of demand in their domestic market, Saudi merchant billet producers have concluded billet deals this week in Bahrain, United Arab Emirates and Jordan for a combined tonnage of nearly 40,000 tonnes.
    
    Induction furnace-route 130mm 3/4sp billet prices in Saudi Arabia are pegging at around SAR 1,775-1,837/tonne ($473-490) ex-works, depending on mill location, production capacity and financial condition. Somehow, small-capacity induction furnace mills are offering lower quotes than large-capacity mills. Billet producers in Riyadh and Jeddah have access to lower-tagged scrap versus Dammam-based mills, which shapes their billet sales price, Kallanish notes.
    
    The Dammam-based induction furnace-route major inked four contracts for 130mm 3sp (low-carbon) billet for prompt shipment each at $490-493/t ex-works. These were with two UAE-based re-rollers for a combined 30,000t, a Bahraini re-roller for 3,000t and a Jordanian buyer for 2,000t.
    
    On the other hand, a small merchant billet producer in Dammam received an order from an Emirati re-roller for 2,000t of 130mm 3sp modified billet at SAR 1,775/t ($473) ex-works. In comparison, the Riyadh-based mill agreed to ship 3,000t of 130mm 3sp (low-carbon) billet at SAR 1,800/t ($480) ex-works to a re-roller in Bahrain.
    
    Early this week, HMS 80:20 grade scrap prices increased SAR 50/t ($13.3) to SAR 1,250-1,300/t in Jeddah and Riyadh, and to SAR 1,350-1,400/t in Dammam. All are on a delivered basis.
    
    The SAR 50/t hike is expected to be proportionately reflected in billet tags next week.
    
    All prices exclude 15% VAT.
    
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