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Aandeel Aperam AEX:APAM.NL, LU0569974404

Laatste koers (eur) Verschil Volume
25,080   -0,200   (-0,79%) Dagrange 24,720 - 25,380 194.566   Gem. (3M) 192,6K

Diverse nieuws items

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1.644 Posts
Pagina: «« 1 ... 78 79 80 81 82 83 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 2 februari 2023 07:41
    Baowu Completes AEON Stainless Steel Cold Rolling Mill Automation

    Strategic Research Institute
    Published on :
    2 Feb, 2023, 5:48 am

    Baowu announced that the Indonesian AEON stainless steel cold rolling mill automation project, undertaken by Baoxin Software, has recently been successfully put into the whole process and produced the first coil of steel.

    The tasks undertaken by Baoxin Software include transmission, basic automation, process management, design, supply, integration and commissioning of intelligent equipment. In view of the characteristics of the project being more than twice the length of the conventional cold rolling mill and the complexity of the whole system, the team members used the practical experience accumulated over the years to plan and design the production line, and comprehensively used various advanced technologies such as hyper-converged computer system, rapid failure analysis system, Baoxin iPlat platform, Baoxin real-time database, as well as various mature cold rolling control software products and intelligent application products, etc to tailor the command system for this cold rolling aircraft carrier.

    Indonesia AEON stainless steel cold rolling project includes hot acid annealing pickling, continuous five-rack rolling, cold acid annealing pickling, flat full cold rolling process, with a total annual output of 700,000 tonnes, integrating energy saving, intelligence and automation, is currently the only advanced production line in the world that integrates multiple processes, not only creates a new record in the scale of stainless steel production line, but also takes a new step in technological innovation.
  2. forum rang 10 voda 3 februari 2023 07:05
    Ground Broken Seamless Stainless Steel Tube Plant in Saudi Arabia

    Strategic Research Institute
    Published on :
    3 Feb, 2023, 5:45 am

    King Salman Energy Park has broken ground on a new USD 240 million Saudi’s first stainless-steel seamless pipes & tubes production facility SeAH Gulf Special Steel Industries in collaboration with Korean steel manufacturer SeAH CSS. The new facility will span nearly 178,000 square meters and have the operating capacity to produce 20,000 tonnes of seamless pipes and tubes per annum. The facility is expected to begin operations in 2025

    SeAH GSI is a joint venture between the Saudi Arabian Industrial Investments Company Dussur and SeAH CSS.

    The groundbreaking ceremony comes following the signing of an agreement between SPARK and SeAH GSI in September 2022 to develop the production facility, which will increase the manufacturing of energy-related products in Saudi Arabia, reinforcing the Kingdom’s localization efforts in line with Saudi Aramco’s In-Kingdom Total Value Add (iktva) program and the National Industrial Strategy, as part of Vision 2030.
  3. forum rang 10 voda 3 februari 2023 07:05
    NCLT Approves JSL & Jindal Stainless (Hisar) Merger Scheme

    Strategic Research Institute
    Published on :
    3 Feb, 2023, 5:46 am

    Jindal Stainless Limited has announced that the Composite Scheme of Arrangement, providing for merger of Jindal Stainless (Hisar) Limited with Jindal Stainless Limited has been approved by Hon’ble NCLT on 2 February 2023.JSL said “The detailed order of the Hon’ble NCLT in relation to the approval of the Composite Scheme is awaited and will be uploaded on the Company’s website once available.”

    JSL added “The Composite Scheme will become effective once a certified copy of the Final Order of the Hon’ble NCLT is filed with the Registrar of Companies, NCT of Delhi and Haryana. The Appointed Date with effect from which the Composite Scheme will be deemed to be effective upon such filing with the RoC, is 1 April 2020.
  4. forum rang 10 voda 8 februari 2023 06:54
    Oryx Stainless Cuts More Carbon Emissions

    Strategic Research Institute
    Published on :
    8 Feb, 2023, 6:22 am

    As the demand for stainless steel continues to rise, a responsible and efficient use of limited global resources is becoming increasingly important. One option for steelmakers to save greenhouse gases is to produce new stainless steel from high-quality secondary raw material blends instead of primary raw materials. Secondary raw materials are upgraded by combining differently alloyed stainless steel scrap to produce blends. These blends being in accordance with the technical specifications needed are used in steel mills as the main inputs in an electric arc furnace process. To a small extent, ferroalloys can be used for analytical fine-tuning.

    As early as 2010, Fraunhofer UMSICHT researchers determined a savings potential of more than 4.5 t CO2 per ton of blend on behalf of the Oryx Stainless Group. More recent calculations by the UMSICHT team even come to savings of over 6.7 t CO2 per ton of blend for the reference year 2021. The results show: The recycling of stainless steel scrap has great potential to save greenhouse gases.

    In the project, the UMSICHT researchers have now calculated the greenhouse gas balance of the recycling of stainless steel from the Oryx Stainless Group at the Dordrecht and Mülheim an der Ruhr sites, analogous to the study structure of 2010, for the reference year 2021. The results show that compared with the calculation at that time, the greenhouse gas savings continue to increase. A corresponding study for the site in Thailand is in progress at UMSICHT.

    Total savings by the Oryx Stainless Group at the two sites in 2021 amount to around 3,015,000 t CO2 –eq, approximately one million metric tons CO2 eq. more than in 2009 (2,026,000 t CO2 eq.). One reason is the comparatively higher output volume. The average weighted savings have also increased to 6.7 t CO2 eq./t blend in 2021. Thus, the results also retroactively show larger savings for the year 2009.

    Founded in 1990, the Oryx Stainless Group, with its parent company Oryx Stainless Holding, is one of the world's leading trade organisations for raw materials in the production of high quality stainless steels. The focus of the company's business activities is on the handling and processing of stainless steel scrap into Oryx Stainless Blends. These secondary raw material blends, individually fine tuned for each stainless steel producer replace, above all, primary raw materials.
  5. forum rang 10 voda 13 februari 2023 06:41
    Alleima Develops Sanicro 35 Stainless Steel for Harsh Applications

    Strategic Research Institute
    Published on :
    13 Feb, 2023, 4:48 am

    World’s leading supplier of steel for challenging applications Alleima, formerly Sandvik Materials Technology, which already has a large portfolio of super specialty steels, has developed super-austenitic corrosion-resistant grade stainless steel alloy Sanicro® 35 as a response to requirements from the market for a stainless steel alloy that would be able to combine high corrosion properties with high mechanical strength. Alleima embarked on the research project in 2012 and in 2020 Sanicro® 35 was launched globally. This super-austenitic stainless steel, which combines high yield strength, resistance in severe acidic conditions, excellent pitting and crevice corrosion resistance, bridges the properties gap between super austenitic steel grades and nickel alloys. It provides a new, high performance alternative to conventional materials to support more cost effective and efficient operations. Sanicro® 35 has received two awards to date, the Sandvik Innovation Prize in 2019 and MP Corrosion Innovation of the Year Awards 2021.

    Alleima’s Lead Scientist Mr Rohit Ojha in an exclusive interaction with SteelGuru shared “The biggest challenge we faced in the process of developing Sanicro® 35 was to translate the market requirements of stainless steels and nickel alloys, into an alloy composition that has excellent corrosion resistance. The second challenge was the use of a method to test the localized corrosion properties that also allowed ranking of the different alloys. Traditionally, different test methods have been used for stainless steels and nickel alloys. For Sanicro® 35, we had to enhance the standard ASTM G150 test to achieve an optimal critical pitting temperature. It took years of testing and full production using recycled steel and melting done in a furnace powered by 100% fossil-free electricity to develop Sanicro® 35. Recycled-based stainless steel production has a substantially smaller CO2 footprint compared to a traditional iron ore-based steel production.”

    While answering to “Which properties differentiate it with grades offering similar solutions” Mr Ojha said “Sanicro® 35 was developed using the right combination of Cr, Mo, Ni and N, which enables it to combine two things: mechanical properties comparable to duplex grades, and corrosion resistance comparable to nickel alloys. These differentiate our new product from existing 6Mo super-austenitic grades.”

    Mr Ojha added “Sanicro® 35 is designed for extremely corrosive environments (i.e., acidic environments) and seawater applications, where it can be used for either cooling or heating. It is an ideal material for heat exchangers and hydraulic and instrumentation tubing applications in maritime and oil & gas industries.”

    While answering to “How is Alleima addressing increasing focus on tougher environment in downstream” Mr Ojha underlined “Alleima is committed to being a technology leader and a progressive customer partner. Our technical marketing and sales teams pay attention to challenges and opportunities faced by customers and help them select the best grades for their applications based on years of knowledge and experience. We are not just a provider; we take the time to understand our customers and work with them to solve their downstream challenges. We are also constantly innovating our products and services to meet new and evolved issues in the market. Sanicro® 35 is a proof of that. And with the expansion of our Mehsana Mill in India, we will continue to be there for our customers through thick and thin.”

    Alleima, formerly Sandvik Materials Technology, is a global manufacturer of high value-added products in advanced stainless steels for the most demanding applications and industries and special alloys as well as solutions for industrial heating. Alleima’s business concept is to be the world’s leading provider of advanced stainless steels and special alloys, as well as products of industrial heating, without compromising Alleima’s goals in sustainability.

    We are committed to meeting the challenge, as our high value-added products are made with higher quality materials, and we ensure our developed innovative solutions are designed for our customer’s success, while reducing their carbon footprint.
  6. forum rang 10 voda 20 februari 2023 07:00
    Vale Indonesia & Tisco may Build Stainless Steel Plant Indonesia

    Strategic Research Institute
    Published on :
    20 Feb, 2023, 6:36 am

    Vale Indonesia plans to expand its cooperation with Taiyuan Iron & Steel Co by building a stainless steel plant after completing the nickel smelter project with Rotary Kiln Electric Furnace technology in Bahodopi in Morowali in Central Sulawesi. Vale Indonesia CEO Mr Febriany Eddy said “We agree to consider building a stainless steel plant after the RKEF nickel smelter is completed. Hopefully, we can go further in the downstream industry.”

    The Bahodopi smelter would produce 73,000 tonnes of nickel per year and support the stainless steel industry in cooperation with Tisco.
  7. forum rang 10 voda 24 februari 2023 06:28
    Jindal Stainless Merger Proceeds Further

    Strategic Research Institute
    Published on :
    24 Feb, 2023, 5:33 am

    Jindal Stainless announced that it has now received a copy of the Final Order of the Hon’ble National Company Law Tribunal’s Chandigarh Bench sanctioning the Composite Scheme of Arrangement, amongst Jindal Stainless Limited, Jindal Stainless (Hisar) Limited, JSL Lifestyle Limited, JSL Media Limited, Jindal Stainless Corporate Management Services Private Limited and Jindal Lifestyle Limited and their respective shareholders and creditors.

    1. To file the certified copy of the order with the Registrar of Companies, NCT of Delhi & Haryana on 2 March 2023 so that the Composite Scheme will become effective from 2 March 2023 with the appointed date of 1 April 2020

    2. In terms of SEBI Listing Regulations, the requirements of the stock exchanges & pursuant to provisions of the Composite Scheme, to fix 9 March, 2023 as the Record Date, for the purpose of determining the entitlement for issue of Equity Shares of the Company to the shareholders of JSHL and JSLLL based on the share exchange ratio as mentioned in Part B and Part D, respectively, of the Composite Scheme.
  8. forum rang 10 voda 28 februari 2023 06:49
    Tesla Develops Ultra Hard CR Stainless Steel Alloy for Cybertruck

    Strategic Research Institute
    Published on :
    28 Feb, 2023, 5:58 am

    When electric car pioneer Tesla CEO Mr Elon Musk had introduced the Cybertruck in 2019, he had said that the electric truck's exoskeleton would be made out of a special cold rolled stainless steel alloy that would make it bulletproof. It would also be corrosion-resistant, so it would not need painting. The patent application for “Ultra-Hard Cold-Worked Steel Alloy” was filed in August 2022 and was published last week.

    The patent says that the special alloy will be used for at least one exterior panel and the vehicle's body. It also says that the vehicle architecture is designed in such a way that the vehicle's outer panels also contribute to the structural performance. Based on the patent filing, the truck's body will feature a corrosion-resistant monolithic metal sheet, which makes applying anticorrosion coating unnecessary. The steel alloy can also be used without a paint coating, which is unusual in the automotive industry. The patent goes into deeper detail about the metal's hardness at 400-500 HV and strength of minimum 1,100 MPa.

    The Cybertruck is due to come to market later this year, with large-scale production coming in 2024. However, there hasn't been any official information about the company or companies that will manufacture the new metal for Tesla. That said, there's been some talk on social media about a company called Steel Dynamics. Steel Dynamics has a huge factory in Texas that's not too far from Tesla's Gigafactory.

    Cybertruck is designed to have the utility of a truck with sports car performance. Built to be durable, versatile, capable and high-performance both on-road, Cybertruck is built with an exterior shell made for ultimate durability and passenger protection. Starting with a nearly impenetrable exoskeleton, every component is designed for superior strength and endurance, from Ultra-Hard 30 X Cold-Rolled stainless-steel structural skins to Tesla armor glass. With up to 3,500 pounds of payload capacity and adjustable air suspension, Cybertruck is engineered with 100 cubic feet of exterior, lockable storage, including a magic tonneau cover that is strong enough to stand on. With the ability to pull near infinite mass and a towing capability of over 14,000 pounds, Cybertruck can perform in almost any extreme situation with ease. It seats six comfortably with additional storage under the second-row seats. Complete with an advanced 17 inch touchscreen with an all-new customized user interface.
    Bijlage:
  9. forum rang 10 voda 1 maart 2023 07:13
    CII & Jindal Stainless Join Hands for Combating Corrosion

    Strategic Research Institute
    Published on :
    1 Mar, 2023, 6:36 am

    Confederation of India Industry and India’s leading stainless steelmaker Jindal Stainless have announced a partnership to create awareness on corrosion and scale up its management activities to cut down losses estimated to be worth lakhs of crores of rupees in the country. CII and JSL signed a memorandum of understanding around CII’s National Mission on Corrosion Management, which focuses on inviting suggestions on improvements specific to stainless steel use, scaling up corrosion management activities in India and abroad, promoting technology to manage corrosion and providing short-term and long-term courses for industry professionals for the right material selection.

    The primary focus of this MoU is training, capacity building, and skill development with support from government bodies and educational institutes; consulting and advisory, which will include technology gap assessment; projects and research with survey and analysis of infrastructure, and lastly stakeholder engagement to create awareness on the issue.

    CII Corrosion Management Committee Member Mr Yatinder Suri said “It is estimated that 25-30% of corrosion could be prevented by following these measures and the life of equipment can be extended up to 250%.”

    Jindal Stainless will provide financial aid towards the initiative. Through academic collaborations, both parties will develop capacity-building courses and propel corrosion-related research and development.
  10. forum rang 10 voda 7 maart 2023 06:42
    Inox Ri Phat Expands Industrial Stainless Steel Product Line

    Strategic Research Institute
    Published on :
    7 Mar, 2023, 5:39 am

    Inox Ri Phat, Vietnam’s stainless steel equipment manufacturing company, has announced the expansion of its industrial stainless steel product line and the addition of new processing services. The company has been a leading manufacturer of stainless steel products for restaurants, hotels, and other commercial businesses for years, and is now expanding to meet the growing demand for industrial stainless steel products.

    Inox Ri Phat specializes in the production of high-quality stainless steel equipment, including tanks, pipes, and other products for industrial use. The company has been serving customers in Vietnam and abroad for many years, providing top-quality products at competitive prices. With the expansion of its industrial product line, Inox Ri Phat is poised to become a leading supplier of stainless steel equipment for a variety of industries, including food processing, pharmaceuticals, and more.

    The new industrial product line from Inox Ri Phat includes a range of tanks, vessels, and other equipment designed for use in a variety of industrial applications. In addition to its standard product line, Inox Ri Phat also offers custom manufacturing services, allowing customers to design and build products tailored to their specific needs.

    To support its expanded product line, Inox Ri Phat is also adding new processing services to its offerings. The company has invested in state-of-the-art equipment and technology, allowing it to provide a range of processing services to customers. These services include cutting, bending, welding, and other fabrication services, as well as finishing services such as polishing and surface treatment. With these new services, Inox Ri Phat can now offer a complete range of stainless steel processing solutions to customers, from initial design to final fabrication and finishing.
  11. forum rang 10 voda 15 maart 2023 08:48
    Jindal Stainless to Install Rooftop Solar Plants at Jajpur & Hisar Plants

    Jindal Stainless has announced its plans to reduce its carbon footprint by installing two rooftop solar plants, with capacities of 21MWp and 6MWp, at its Jajpur and Hisar units respectively. The installation of these plants will take place on the roofs of various shop floors, with an overall investment of more than ?120 crores. Both projects are expected to be completed by March 2024.

    The two planned rooftop solar plants at Jindal Staginess’s Jajpur and Hisar units are expected to generate about 795 million units of electricity, which will result in a carbon abatement potential of 564,450 ton over their lifespan of 25 years. In addition to the significant environmental benefits, the rooftop solar plants will also conserve 108 acres of land that would have been required if the plants were located on the ground.

    Jindal Stainless Hisar has already commissioned a rooftop solar project of 4.1MWp capacity, which is capable of generating 111 million units of electricity and reducing 78,597 tonnes of CO2 emissions.

    Jindal Stainless is making significant strides towards achieving its Net Zero carbon emissions goal by implementing sustainable initiatives and adopting renewable energy solutions. The company has introduced the position of Chief Sustainability Officer and has become India's first stainless steel company to install a Green Hydrogen Plant at Hisar.

    In addition, Jindal Stainless has successfully reduced its carbon emissions by 140,000 ton in 2021-22. The company has also signed a contract with ReNew Power to develop a utility scale captive renewable energy project for its plant in Jajpur. This project will generate 700 million units of electricity per year using a combination of solar and wind power generation technologies.
  12. forum rang 10 voda 17 maart 2023 08:02
    Jindal Stainless to Address Future Needs of Defense & Aerospace Sector

    India's largest stainless steel manufacturer, Jindal Stainless, recently hosted a conference on Strategic Defense Materials in partnership with the Ministry of Defense and the Indian Army in Hisar. The conference saw discussions on a variety of topics, ranging from futuristic requirements of the defense sector to challenges faced in indigenization and DRDO's vision for domestic manufacturers.

    As part of its commitment to promoting indigenous manufacturing in the Defense & Aerospace sector, Jindal Stainless has established Jindal Defense & Aerospace as a dedicated business unit. Since 2018-19, JDA has been supplying materials to the Defense Research and Development Organization for their missile program.

    At present, JDA offers a wide range of products for various applications, including specialty steel for missile and Satellite Launch Vehicle applications, Submarine Rocket Launchers, Armor Steel, and High Nitrogen Steel, all produced using the company's patented technology at its manufacturing facilities in Hisar, Jajpur, and Patherdi.

    Over the last 2-3 years, Jindal Stainless's Aerospace and Defense venture has facilitated import substitution for a majority of these applications, thereby strengthening the strategic defense arm of the country.
  13. forum rang 10 voda 27 maart 2023 08:18
    Jindal Stainless Russia Bound Containers Stuck at Port of Antwerp

    Jindal Stainless, an Indian stainless steel manufacturer, has reported that five containers carrying approximately 100 metric tons of stainless steel, sent in February 2022 for shipment to Russia via Antwerp, have been stuck at the Belgian port of Antwerp for around a year, unable to enter the Russia due to EU sanctions imposed on Russia after it invaded Ukraine in the same month.

    Despite the stainless steel not being among the goods on the EU's sanctions list, the containers have not been cleared for onward transport. The port authority at Antwerp-Bruges has not yet responded to JSL's request for comment on the matter.
  14. forum rang 10 voda 29 maart 2023 09:54
    Jindal Stainless Acquires 49% Stake in NPI Maker New Yaking

    Jindal Stainless Ltd, India's largest stainless steel manufacturing company, has entered into a strategic collaboration agreement with New Yaking for investment in, development, construction, and operation of a Nickel Pig Iron smelter facility located in an industrial park in Halmahera Islands, Indonesia to secure a long-term supply of nickel, which is a key raw material for the production of stainless steel. Under the collaboration agreement, JSL will acquire a 49% equity interest for a consideration of approximately USD 157 million. The facility is expected to be commissioned within two years with an annual nameplate production capacity of up to 200,000 metric tons of NPI with an average 14% Ni Content.

    Mr. Abhyuday Jindal, MD of Jindal Stainless, said "This path-breaking collaboration will enhance value for stakeholders with JSL acquiring a stake in nickel supply to create raw material security for its SS operations. This acquisition will usher a sharper competitive advantage to JSL in Indian and international markets."

    This is the first strategic partnership entered into by an Indian company for securing a stake in nickel reserves globally as India is deficient in nickel ore. Backward integration will be one of the major benefits of this partnership for JSL, as it will have a stake in the NPI business.

    The price trend of nickel has been a key factor in the stainless steel business worldwide. Geopolitical issues, logistical hurdles, pandemic-induced constraints, etc., often affect the demand-supply dynamics of nickel, thereby increasing the cost and uncertainty for its user industries such as stainless steel. Currently, JSL meets most of its nickel requirements through stainless steel scrap and NPI & ferro nickel. However, this collaboration will secure ample supply of NPI for JSL and ensure long-term availability of nickel for its operations.
  15. forum rang 10 voda 29 maart 2023 10:02
    US Extends AD Duty on SS Butt Weld Pipe Fittings from Malaysia

    US International Trade Commission has announced that the existing anti-dumping duty orders on stainless steel butt-weld pipe fittings from Malaysia, Italy and the Philippines will remain in place, as revoking them would harm American businesses within a reasonably foreseeable time. The decision came after an affirmative determination by the Commission under the five-year (sunset) review process required by the Uruguay Round Agreements Act.

    The reviews concerning stainless steel butt-weld pipe fittings from Italy, Malaysia and the Philippines were instituted on November 1, 2022, and the commission voted to conduct expedited reviews on February 6, 2023. Under the Uruguay Round Agreements Act, the Department of Commerce is required to revoke an anti-dumping or countervailing duty order, or terminate a suspension agreement, after five years unless the Department of Commerce and the USITC determine that revoking the order or terminating the suspension agreement would be likely to lead to continuation or recurrence of dumping or subsidies by Department of Commerce and of material injury by USITC within a reasonably foreseeable time.
  16. forum rang 10 voda 29 maart 2023 10:09
    Steel Tube Institute Announces Stainless Steel Conduit Subcommittee

    Chicago based US’ Steel Tube Institute has announced the formation of a new subcommittee aimed at advancing the use of stainless steel conduit in the industry. The Stainless Steel Conduit Subcommittee will work with outside codes and standards-making bodies to promote and support the use of stainless steel conduit and competing products.

    STI Executive Director Mr.Dale Crawford said the committee will partner with industry groups and associations to ensure that the best possible stainless steel conduit products are being used in every application. The subcommittee is partnering with RobRoy Industries, Gibson Stainless, and Calbrite, an Atkore International Company, to help create safe, sanitary, and regulated standards surrounding the use of stainless steel conduit.

    The formation of the subcommittee marks a significant milestone for the Steel Tube Institute, which was formed in 1930 to promote and market steel tubing. The subcommittee's formation is the first new committee at STI in several decades and will focus on improving manufacturing techniques and informing customers about their products' utility, versatility, and competitive advantages.
  17. forum rang 10 voda 29 maart 2023 10:22
    Colombia Opens AD Duty Probe on SS Dishwashers from China

    The Colombian Ministry of Commerce, Industry and Tourism has initiated an anti-dumping sunset review investigation on stainless steel dishwashers from China weighing 8 kilograms or less. The review process will determine if the AD duties imposed on the products are still necessary to protect the Colombian domestic industry from unfair trade practices. According to the MCIT, the investigation will assess if there is a likelihood of continuation or recurrence of dumping and injury to the domestic industry if the anti-dumping duties are removed. The review period will cover the period from January 1, 2022, to December 31, 2022.

    The MCIT will issue its final determination on the review within 180 working days from the date of the publication of the notice in the official gazette. The decision will be based on the information and evidence gathered during the investigation.

    During the review period, the definitive AD duty established in the resolution on March 21, 2018, will remain in force.

    The decision follows an application filed by Socoda, a Colombian company that manufactures and distributes domestic appliances.

    The products under investigation are classified under HS code 7324.10.00.00.
  18. forum rang 10 voda 4 april 2023 14:45
    Stainless Steel Production in the country

    India's total finished stainless steel consumption quantity for the period of April-February 2022-23 was 3.179 million metrictons, according to data from the Joint Plant Committee, an increase from 3.044 million metric tons consumed during the same period in 2021-22. Meanwhile, the country's total finished stainless steel production quantity for April-February 2022-23 was 2.499 million metric tons, a decrease from the 2.811 million metric tons produced in the same period last year, as per the JPC's provisional report.

    The information was provided by the Union Minister of State for Steel & Rural Development, Mr. Faggan Singh Kulaste, in a written reply to the Rajya Sabha, India's upper house of Parliament, on April 3, 2023.
  19. forum rang 10 voda 4 april 2023 14:46
    Jinhui Stainless Acquires 10% Stake in Henan Steel

    Henan Province based Jinhui Stainless Steel Industry Group has acquired a 10% stake in Henan Steel Group, a Chinese steelmaker based in Henan Province. The investment, worth $0.29 billion, was announced by the Bureau of Science, Technology & Industry of Changge city. Henan Steel was registered on March 1, 2023, with a registered capital of $2.9 billion. Jinhui Stainless Steel's investment in Henan Steel is expected to strengthen the company's position in the steel market.

    Henan Iron & Steel Group is a major Chinese steelmaker with a diverse range of business activities. The company engages in the production and sale of a variety of steel products including hot-rolled steel, cold-rolled steel, galvanized steel, color-coated steel, and high-strength steel. It also produces and sells steel pipes, wire rods, and other steel products. In addition, Henan Steel Group is involved in research and development, engineering design, and equipment manufacturing related to the steel industry. The company operates several subsidiaries and has a strong presence in the Chinese steel market.

    Jinhui Stainless Steel Industry Group is a Chinese stainless steel producer headquartered in Henan Province. The company was founded in 2004 and specializes in the production and distribution of stainless steel products, including hot-rolled and cold-rolled stainless steel coils, sheets, and plates. Jinhui Stainless Steel has an annual production capacity of over 600,000 metric tons of stainless steel products and exports its products to over 20 countries and regions worldwide.
  20. forum rang 10 voda 6 april 2023 08:32
    Centravis to Expand Presence in European Automotive Market

    Ukrainian stainless seamless pipe producer, Centravis, is set to strengthen its position in the European market, particularly in the automotive segment. The company is aiming to increase production volumes and reduce logistics costs by launching production in Uzhgorod, where it opened a new production facility specializing in instrument pipe for automotive brands like Volkswagen, Audi, BMW, and Chevrolet in February.

    The company is planning to expand production at the site, with the construction of the second phase scheduled for completion this summer. This will allow Centravis to increase its production volumes and reduce logistics costs, as the new facility will be closer to its European customers.

    Centravis was founded in 2000 and has become a leading supplier of high-quality pipes to customers around the world. The company specializes in the production of stainless steel seamless pipes and tubes and operates two production facilities in Ukraine, located in the cities of Nikopol and Zaporizhia.

    The facilities are equipped with modern technologies and equipment that enable the company to produce a wide range of stainless steel pipes and tubes in various sizes and thicknesses. The company's product portfolio includes pipes and tubes for various applications, such as oil and gas.

    With the expansion of its production facilities in Uzhgorod, Centravis is set to further strengthen its position in the European market and become a more competitive supplier of high-quality stainless steel pipes and tubes to the automotive and instrument segments.
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