Arcelor Mittal « Terug naar discussie overzicht

Nieuws en info hier plaatsen (deel 4)

30.570 Posts, Pagina: « 1 2 3 4 5 6 ... 1524 1525 1526 1527 1528 1529 | Laatste
voda
0
1200-MM Round Blooms Produced at Yonggang by Danieli Caster

Strategic Research Institute
Published on :
18 May, 2022, 6:19 am

Leading technology supplier Danieli and YongGang commissioned the largest round section in the world on a 18 meter radius curved conticaster at Zhang Jiagang city in Jiangsu province in China. The caster is designed to produce rounds ranging from 700 to 1200 mm with a tailor-made configuration. Two of the four strands cast 1200 mm dia blooms, while the other two strands were equipped to cast 1000 mm diameter rounds. Both these jumbo sizes are intended to supply the growing market for renewable energy products with low-alloy steel grades, for wind-turbine towers, gearboxes, shaft bearings, yaw drives and bearings that in the past were produced through the ingot route with much higher OpEx.

Based on Danieli experience collected in large round casting, the caster makes extensive use of electromagnetic stirring systems (mould, strand and final) for best internal quality with very low values of carbon segregation and central porosity, for a wide range of steel grades.

The combined application of liquid-pool control solidification and wide battery of high-force withdrawal and straightening modules ensure smooth product unbending to maximize the results for surface quality and safe, reliable operation.

In the last two years, Danieli has been awarded with three contracts for jumbo round casters in China, which will be put in operation between end of 2022 and beginning of 2023.
voda
0
US Keeps AD & CVD on Welded Stainless Pressure Pipes from India

Strategic Research Institute
Published on :
18 May, 2022, 6:22 am

US Department of Commerce & the US International Trade Commission have determined that the withdrawal of the existing Anti Dumping Duty & Countervailing Duty orders on welded stainless pressure pipe from India would likely lead to continuation or recurrence of dumping, net countervailable subsidies, and material injury to the US industry. Therefore, the USDOC published a notice to maintain these AD and CVD measures.

--------------------------------------------------------

Antidumping Duty Margin & Cash deposit rate

Steamline Industries Ltd - 12.66% & 10.17%

All Others - 12.66% & 8.35%

---------------------------------

Countervailing Duty Order

Steamline Industries Limited -3.13%

Sunrise Stainless Private Limited - 6.22%

Sun Mark Stainless Pvt Ltd - 6.22%

Shah Foils Ltd - 6.22%

All-Others - 4.65%

The merchandise covered by these orders is circular welded austenitic stainless pressure pipe not greater than 14 inches in outside diameter. For purposes of this scope, references to size are in nominal inches and include all products within tolerances allowed by pipe specifications. This merchandise includes, but is not limited to, ASTM A-312 or ASTM A-778 specifications, or comparable domestic or foreign specifications. ASTM A-358 products are only included when they are produced to meet ASTM A-312 or ASTM A-778 specifications, or comparable domestic or foreign specifications.

Excluded from the scope are

(1) Welded stainless mechanical tubing meeting ASTM A-554 or comparable domestic or foreign specifications

(2) Boiler, heat exchanger, superheater, refining furnace, feedwater heater, and condenser tubing, meeting ASTM A-249, ASTM A-688 or comparable domestic or foreign specifications

(3) Specialized tubing, meeting ASTM A-269, ASTM A-270 or comparable domestic or foreign specifications

The subject imports are normally classified in subheadings 7306.40.5005, 7306.40.5040, 7306.40.5062, 7306.40.5064, and 7306.40.5085 of the Harmonized Tariff Schedule of the United States. They may also enter under HTSUS subheadings 7306.40.1010, 7306.40.1015, 7306.40.5042, 7306.40.5044, 7306.40.5080, and 7306.40.5090.
voda
0
Vallourec Invests in Closed Loop Geothermal Firm GreenFire Energy

Strategic Research Institute
Published on :
18 May, 2022, 6:25 am

Meudon France headquartered leader in premium tubular solutions Vallourec has announced an investment in GreenFire Energy Inc, an American start-up developing Advanced Geothermal Systems based on its innovative technology called GreenFire’s GreenLoop. This transaction was carried out as part of a Series A funding alongside other major investors, Baker Hughes and Helmerich & Payne. Vallourec and GreenFire Energy have been working together since 2019 on several successful Closed-Loop Geothermal demonstrators in various fields. This investment will further strengthen the relationship between the two companies.

Vallourec THERMOCASE8 Vacuum Insulated Tubing is a key enabler of closed loop geothermal systems: these thermally insulated pipes allow the harvesting of underground heat and bring it to the surface, as hot water or steam, with minimal losses. Thanks to its leading edge in VIT with its THERMOCASE product range, Vallourec will be able to support GFE by designing and manufacturing bespoke solutions for their downhole heat exchanger.

GreenFire Energy develops and implements innovative geothermal technology to accelerate the world’s transition to clean, continuous renewable energy. GreenFire’s GreenLoop is closed-loop technology that extracts and transports heat from deep in the earth to be used for power generation.

Geothermal energy is expected to play a major role in the energy transition and the Decarbonization of our economies, as it is the only renewable source that can always be on, provide low carbon, and versatile energy. While conventional systems rely on the exploitation of geothermal resources in very specific areas, Advanced Geothermal Systems, such as the one developed by GreenFire Energy, could unlock the possibility of producing energy virtually anywhere.
voda
0
Metinvest to Prepone Maintenance of Trametal & Ferriera Valsider

Strategic Research Institute
Published on :
18 May, 2022, 6:29 am

Ukrainian steel maker Metinvest has decided to move the scheduled maintenance of the Italian re-rolling plants of Metinvest Trametal at S Giorgio di Nogaro in UD and Ferriera Valsider at Vallese di Oppeano in VR from August 2022 to May 2022. Metinvest said “With the launch of a full scale Russian military invasion into Ukraine in February 2022, the Group re-rolling plants started to adjust their operations as a stand-alone business –arranging purchases of third-party slabs, previously being supplied by the Mariupol assets of the Group. In order to make this transition more efficient, Metinvest decided to move the regular annual maintenance of the plants from August 2022 to May 2022.”

Starting from June 2022, with the arrival of the new supplies of feedstock, the production of the two plants will be resumed. Notwithstanding the supply chain transformation of Metinvest’s flat re-rollers, the Group will continue to provide them with operational and financial support.
voda
0
Acciaierie d'Italia Clarifies over News about Production in 2022

Strategic Research Institute
Published on :
18 May, 2022, 6:32 am

Genoa headquartered Italy’s largest steel maker Acciaierie d'Italia, formerly known as ILVA, has published a clarification after the incorrect news published by a national newspaper. Acciaierie d'Italia said that “With reference to incorrect news published by a national newspaper that in 2022 the production will increase by 40% compared to that recorded in 2021, with a target of 5.7 million tonnes, the company reserves the right to proceed in any appropriate place for the recovery of the damage suffered.”

La Gezzetta del Mezzogionro had reported on 12 May 2022 that Acciaierie d'Italia confirms that in 2022 production will increase by 40% compared to that recorded last year, with a target of 5.7 million tonnes of steel to be made with three blast furnaces 1, 2 & 4 and two steel mills 1 & 2.

Acciaierie d'Italia SpA was established by Am InvestCo Italy & Invitalia. The main Italian plant is represented by the Taranto steelworks in Puglia, the largest industrial complex for steel processing in Europe, other factories are in Genoa in Liguria, Novi Ligure and Racconigi in Piedmont, Marghera in Veneto. Before reaching its current corporate structure, the company underwent numerous changes of ownership: reborn in 1989 on the ashes of Italsider as ILVA SpA, it took back its name from the Company Industria Laminati Piani e Affini of 1905, which in its once it recalled the Latin name of the island of Elba, and from which the iron ore that fed the first blast furnaces built in Italy at the end of the nineteenth century was extracted. On 1 November 2018, ILVA officially became part of the ArcelorMittal, thus becoming ArcelorMittal Italia SpA. However, on 5 November 2019, ArcelorMittal communicated its intention to withdraw from the transfer contract, returning it to Ilva within 30 days. A new company set up by Am InvestCo Italy has therefore taken over the operations of the Italian branch of ArcelorMittal. Am InvestCo Italy and its subsidiaries became Acciaierie d'Italia Holding, while ArcelorMittal Italia became Acciaierie d'Italia.
voda
0
Report Suggests Revival of Ramsarup Industries under New Owners

Strategic Research Institute
Published on :
18 May, 2022, 6:35 am

The Telegraph reported that Kolkata based pig iron, billet & pellet producer Ramsarup Industries Limited, which has been lying closed for the last 10 years, will be revived and resume operations under new owners, following a bankruptcy resolution process. The report quoted sources as saying that “The Company’s takeover by Shyam Metalics & Energy Limited has been approved by the Indian Supreme Court and Ramsarup's operations will resume following a fresh infusion of capital.”

Ramsarup is one of the rare instances under India’s Insolvency & Bankruptcy Code, 2016 where the corporate entity itself approached the National Company Law Tribunal to initiate the resolution process as it was unable to pay its dues to the creditors. By the time CIRP was initiated on 8 January 2018, a change took place in the year-old law, barring the promoters of defaulting companies to come up with a resolution plan under section 29A of IBC. With promoter Mr Asish Jhunjhunwala out of contention, a consortium of Shyam Sel & Power Ltd and SS Natural Resources Pvt Ltd, part of Shyam Metaliks Group, was declared a successful resolution applicant in September 2019. INR 351 crore upfront payments translated to a 94% haircut for the financial creditors who had an admitted claim of INR 5,853.09 crore in Ramsarup. The plan was approved with a 74.4% majority by the committee of creditors. However, eight appeals were filed before the National Company Law Appellate Tribunal which was dismissed only in March 2021. Soon thereafter an asset reconstruction company objected to it and appealed again before the NCLT seeking liquidation of Ramsarup. The appeal was subsequently rejected by the NCLT, NCLAT and finally the Supreme Court, paving the way for the revival of the sick enterprise.

Mr NG Khaitan and Mr Sounak Mitra of solicitor firm Khaitan & Co assisted Shyam Metaliks all along.

Ramsarup Industries has steelmaking facilities in the eastern state of West Bengal, which include a blast furnace, a pellet plant, pig iron and billet plants, along with a dedicated railway siding. The principal unit of Ramsarup is located on a 350-acre plot in Kharagpur. It has a blast furnace, pellet plant, pig iron and billet plant apart from a railway siding. It also has a wire rope unit in Durgapur and facilities in Kalyani and Shyamnagar.

The acquisition will propel Shyam Metaliks, which came out with a successful IPO in 2021, expand its manufacturing base. The company now has two principal units in Jamuria and Sambalpur, manufacturing pellet, billet, rebar and pig iron.
voda
0
Kobe Steel to Launch Low CO2 Emission Kobenable Steel

Strategic Research Institute
Published on :
18 May, 2022, 6:38 am

Japanese steel maker Kobe Steel announced the launch of Kobenable Steel to become Japan’s first provider of low CO2 blast furnace steel products with significantly reduced CO2 emissions during the blast furnace iron making process. The Company plans to start selling the new products this fiscal year. Kobenable Steel is based on the KOBELCO Group's CO2 Reduction Solution for Blast Furnace Iron making. It utilizes a technology that can significantly reduce CO2 emissions from the blast furnace, which was demonstrated by charging into the blast furnace at the Company’s production site Kakogawa Works a large amount of HBI produced by the MIDREX Process

Kobe Steel plans to launch Kobenable Steel in two product categories

A. Kobenable Premier – 100% Reduction Rate of CO2 emissions per tonne as compared with conventional products

B. Kobenable Half - 50% Reduction Rate of CO2 emissions per tonne as compared with conventional products

Kobenable Steel, manufactured in the same process as the conventional blast furnace method, has the following two features.

1. Kobenable Steel is available for all types of steel products (steel sheet, steel plate, wire rod & bar products) manufactured at Kakogawa Works and the Kobe Wire Rod & Bar Plant.

2. Customers can continue to use blast furnace steel products that require high quality, such as special steel wire rods and ultra-high-tensile strength steel, which are the Company’s strengths.

For commercialization, reduction rates of CO2 emissions are calculated using the mass balance methodology in which CO2 reduction effects are allocated to specific steel products, in accordance with ISO 20915. The calculation method and results are certified by the DNV Business Assurance services UK Ltd, a third-party certification body in the UK. At the time of the sale of the products, Kobe Steel will provide the customer with a third-party certificate issued by DNV and a low-CO2 steel product certificate issued by the Company

Kobe Steel had successfully demonstrated CO2 Reduction Solution for Blast Furnace Iron making at a 4,844 cubic meters blast furnace of the Kakogawa Works in Hyogo Prefecture in Japan in October 2020. The quantity of CO2 emissions from the blast furnace is determined by the Reducing Agent Rate or the quantity of carbon fuel used in blast furnace iron making. In the demonstration test, it was verified that RAR could be stably reduced from 518 kg per tonne hot metal to 415 kg per tonne hot metal by charging a large amount of hot briquetted iron produced by the MIDREX Process. The results indicate that this technology can reduce CO2 emissions by approximately 20% compared to a conventional method. In addition, the world's lowest level of coke rate of 239 kg per tonne hot metal was achieved in the demonstration test of this technology.

CO2 reduction cost using this technology is calculated as follows

A. Quantity of HBI charged x HBI price

B. Quantity of iron ore reduced x iron ore price

C. Quantity of reduetant reduced x reduetant unit price EQUALS Quantity of coke reduced x coke price MINUS Quantity of pulverized coal x pulverized coal price

D. Quantity of CO2 reduced is the quantity of reduetant reduced x CO2 emission factor

CO2 reduction cost EQUALS {(A-B-C)/D} PLUS Equipment & Other costs
voda
0
AMNS India Awaits Environment Clearances for Steel Plant in Odisha

Strategic Research Institute
Published on :
18 May, 2022, 6:41 am

PTI reported that ArcelorMittal Nippon Steel India CEO Mr Dilip Oommen has said that AMNS India is awaiting forest and environment clearances to take forward the process to set up a 12 million tonne Greenfield steel plant in Odisha. He told PTI “We have already applied for the necessary approvals like forest and environment clearances and waiting for it as such processes take time.”

AM/NS India had signed a memorandum of understanding with the Odisha government for setting up the project in Kendrapara with an investment of INR 50,000 crore. In May 2021, AMNS India had informed about initiating a feasibility study for the project. It had said that the company has initiated, in coordination with the Government of Odisha: a feasibility study, securing relevant permissions, land acquisition, developing logistics infrastructure and other enabling conditions to plan for the project construction. The report was submitted to the Odisha government in the October-December quarter of 2021.
voda
0
SAIL Supplies Special Steel for Warships INS Udaygiri & INS Surat

Strategic Research Institute
Published on :
18 May, 2022, 6:44 am

Indian state owned steel giant Steel Authority of India Limited has supplied 4300 tonnes of special steel for India’s two indigenous navy warships INS Udaygiri & INS Surat, launched by India’s Defence Minister Mr Rajnath Singh at Mazagon Docks Limited in Mumbai. The steel supplied by SAIL comprises DMR 249A grade Plates and HR Sheets. The entire quantity of steel has been supplied from SAIL’s Bokaro, Bhilai and Rourkela Steel Plants. Earlier, SAIL had supplied special quality steel for India’s various defense projects including INS Vikrant, INS Kamorta among others.

ArcelorMittal Nippon Steel India also tweeted that “The ceremonious launch by @rajnathsingh is a momentous occasion. @AMNSIndia is proud to have supplied steel for INS Surat, an indigenous warship by @MazagonDockLtd. In the past, we did so for INS Visakhapatnam, INS Mormugao, and INS Imphal.”

INS Udaygiri, named after Udaygiri mountain range in the state of Andhra Pradesh, is the third ship of Project 17A Frigates. It is the new version of the Leander class ASW frigate with better stealth features, advanced weapons, sensors & platform management systems.

INS Surat is the fourth ship of Project 15B Destroyer and has been built using the Block construction methodology which involved hull construction at two different geographical locations and has been joined together at Mazagon Docks.
voda
0
ThyssenKrupp Fears Russian Gas Supply Cut Led Disrupptions

Strategic Research Institute
Published on :
18 May, 2022, 6:47 am

Handelsblatt reported that despite posting best ever adjusted EBIDTA of EUR 479 million in January-March 2022 quarter, ThyssenKrupp's steel division CEO Mr Bernhard Osburg is concerned about the future as the fear that the war in Ukraine could lead to an interruption in German gas supplies weighs heavily at the Duisburg site. Mr Osburg told Handelsblatt “If we can cover less than 50% of our current gas requirements, it will be difficult to maintain stable production. This means a high risk because many systems are designed for continuous operation. A coking plant, for example, cannot be shut down at short notice without causing major economic damage.”

Germany, which has long remained the largest buyer of Russian natural gas, has stated as fact what's long been among its greatest 'worst case scenario' fears, that Russia is using its energy exports as a weapon. However, Moscow is arguing that its latest actions to reduce supplies, estimated at this point to have been at about a 3% reduction of normal deliveries, is a natural and inevitable response to Germany seizing Gazprom subsidiaries in the country to ensure supply against the backdrop of the Ukraine invasion. This after Gazprom Germania was seized by the German state amid heightened pressure for European companies to cut off relations with Russian entities. As a result, like many other German companies from the energy intensive industry, ThyssenKrupp is running through various scenarios so that it can react quickly to a changed supply situation in an emergency.

After Russia cut off gas supplies to Poland and Bulgaria in April, the Commission is asking EU member states to prepare for a full scale supply shock. In a policy document due to be adopted on 18 May, the European Commission has urged EU member states to step up preparations for a full disruption of Russian gas supplies by considering emergency measures like a temporary cap on gas prices. The draft says “While previous measures adopted in the Autumn were calibrated to address a situation of sustained high gas prices, a different set of measures may become worth considering in the event of a sudden large scale or even full disruption of the supplies of Russian gas leading to unbearably high gas prices and inadequate supply of gas. First among the new measures envisaged is a direct market intervention with a maximum regulated price for natural gas delivered to European consumers and companies.”

Also, the European Commission sent its revised guidelines to member states, signaling that sanctions against Moscow do not prevent gas importers from opening new bank accounts. That means payments, satisfying Russian President Mr Vladimir Putin’s demands, could be made. Russia had asked companies to accept a new transaction method that would involve opening two accounts at Gazprombank, one in euros or dollars and another one in rubles.
30.570 Posts, Pagina: « 1 2 3 4 5 6 ... 1524 1525 1526 1527 1528 1529 | Laatste
Aantal posts per pagina:  20 50 100 | Omhoog ↑

Meedoen aan de discussie?

Word nu gratis lid of log in met uw e-mailadres en wachtwoord.

Direct naar Forum

Detail

Vertraagd 27 mei 2022 17:38
Koers 30,445
Verschil +0,955 (+3,24%)
Hoog 30,445
Laag 29,530
Volume 5.886.142
Volume gemiddeld 5.925.158
Volume gisteren 4.655.423

Brussel real time stocks quotedata by Euronext. Other real time EU stocks, by Cboe Europe Ltd.; US stocks by NYSE & Cboe BZX Exchange, 15 min. delayed
#/^ Index indications calculated real time, zie disclaimer, streaming powered by: Infront