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Nieuws en info hier plaatsen (deel 4)

35.173 Posts
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  1. forum rang 10 voda 16 mei 2021 12:13
    Nucor Has Doubled - Now What?
    May 14, 2021 11:40 AM ETNucor Corporation (NUE)15 Comments7 Likes

    Summary
    -Nucor is currently in one of its strongest bull markets ever as the company added more than 170% to its market cap in just 12 months.
    -The company benefits from accelerating steel prices and an expected surge in production volumes, which is set to last for at least 3 more quarters.
    -Unfortunately, the risk/reward has become somewhat unfavorable, which means I would start selling some if I were a trader.

    Arbeiter im Stahlwerk. Metallurgische Produktion oder Anlage.
    Photo by davit85/iStock via Getty Images

    In October of 2020, I wrote an article covering the favorable outlook of one of America's largest steel companies. I became bullish on Nucor (NUE) because of its dominant position in the United States, its ability to generate free cash flow, and because the company was about to get a massive tailwind from rising business sentiment and capital expenditures. In this article, I get to brag a little bit about the performance, but more importantly, tell you what I expect going forward in terms of using the company as a trading tool and/or as a long-term investment vehicle for income. So, bear with me!

    Traders - It's All About The Business Cycle
    In my last article, I mentioned Nucor's need to see an upswing in capital expenditures ("CapEx") as the economy was more or less dead as only a limited number of companies in niche industries were investing. Needless to say, these were mainly companies benefiting from the pandemic.

    I believe that the recovery will last as long as the future capital expenditures indicator - along with many other indicators - remains in an uptrend. I believe that we will see more upside momentum after the election as companies are keeping capital expenditures low due to uncertainty. The 'only' companies investing in Capex are the ones with secular tailwinds like the ones Nucor mentioned (data centers and logistics-related infrastructure). - Article

    The graph below shows the updated regional Federal Reserve future CapEx chart. There's no denying that CapEx plans have accelerated over the past 12 months as they are currently close to their all-time high.

    Voor veel meer, zie link:

    seekingalpha.com/article/4428725-nuco...
  2. forum rang 10 voda 17 mei 2021 08:38
    White Oak Ends Talks with GFG Alliance as SFO Launched Probe

    The Daily Mail reported that British Government’s Serious Fraud Office is scrutinising suspected fraud, fraudulent trading and money laundering at companies in the GFG group, including its financing arrangements with Greensill Capital UK. The exact scope of the SFO investigation isn’t yet clear and SFO has not said which GFG entities it is investigating. SFO, which often takes years to publicly confirm it’s taking action against a company, will now start to gather evidence, including securing devices and documents. However, it’ll likely take years for the office to make any tangible updates to the investigation, including whether it decides to charge individuals as part of the probe. SFO said “The SFO is investigating suspected fraud, fraudulent trading and money laundering in relation to the financing and conduct of the business of companies within the Gupta Family Group Alliance, including its financing arrangements with Greensill Capital UK Ltd. As this is a live investigation, the SFO can provide no further comment.”

    The SFO probe is likely to make it difficult for Mr Sanjeev Gupta to strike deals with any potential backers. The immediate fall out seems to be San Francisco based White Oak Global Advisors ending all talks over GBP 200 million lifeline. A spokesman said “As with any regulated financial institution, we are not in a position to continue discussions with any company that is under investigation by the Serious Fraud Office for money laundering.”

    The report quoted a spokesman for GFG as saying “It will cooperate fully with the investigation. As these matters are the subject of an SFO investigation we cannot make any further comment. GFG Alliance continues to serve its customers around the world and is making progress in the refinancing of its operations which are benefiting from the operational improvements it has made and the very strong steel, aluminium and iron ore markets.”

    A spokesman for the Community steel union said “This is a concerning development and we await the findings of the investigation. However, this must not detract from the complete focus of all parties on securing our members' jobs and protecting these crucial strategic businesses.”

    Australian Workers' Union SA branch secretary Mr Peter Lamps the union is quite disappointed in the news emanating from the United Kingdom. Mr Lamps said "We've continuously said throughout this whole process that resolution of it would take a number of weeks, if not months, rather than a number of days. Whilst disappointing, our members have known for some time that this is a long process, and they continue, as they've done throughout this whole process, to make steel."

    The Serious Fraud Office investigation into GFG Alliance will also raise more questions about the accounting firm that signed off the books of dozens of the group's companies. Relatively unknown in the UK accounting world, led by chartered accountant Mr Milan Patel King & King audited around 60 of Gupta's firms in the UK. King & King has two small offices in London. Its audits were crucial to collapsed financing house Greensill lending money to GFG companies. King & King has few other big-name clients, but has handled accounting for a UK entity controlled by Bavaguthu Raghuram Shetty, the Indian founder of Middle East hospital operator NMC Health and finance group Finablr, which previously owned Travelex. NMC and Finablr have both been accused of fraud.

    Source - Strategic Research Institute
  3. forum rang 10 voda 17 mei 2021 08:42
    CSC to Invest in Plate Mill Modernization Project

    Taiwan’s largest steelmaker China Steel Corporation announced that it will invest TWD 801 million (USD 29 million) to launch Rolling efficiency enhancement of the main motor of the plate rolling mill project. The purpose is to enhance the capacity and capability of plate rolling mill’s main motor, promote the stability of production and equipment operation, improve product quality and high-grade steel plate production technology, and it will help developing high strength steel plates for wind-power and national defense industry. This project will commence on June 1, 2021 and is scheduled for completion on December 31, 2023.

    This new main motor driver system will reduce electricity consumption effectively during production processes, saving 1.64 million kWh per year, which is equivalent to reducing CO2 emission of 835 metric tons per year.

    Source - Strategic Research Institute

  4. forum rang 10 voda 17 mei 2021 08:44
    Tata Steel BSL Re Appoints Mr Rajeev Singhal as MD

    Tata Steel BSL board has re-appointed Mr Rajeev Singhal as Managing Director and Mr Sanjib Nanda as the Chief Financial Officer of the company for a one-year term. Tata Steel BSL said ''Board of Directors at its meeting approved re-appointment of Rajeev Singhal as the MD of the company for a period of one year with effect from May 18, 2021, i.e. on the expiry of his present term on May 17, 2021, subject to the approval of shareholders. Board of Directors also approved reappointment of Mr Nanda for one year effective May 18, 2021. His present term as CFO is expiring on May 17.”

    Mr Singhal & Mr Nanda were appointed as MD & CFR on May 18, 2018.

    Source - Strategic Research Institute
  5. forum rang 10 voda 17 mei 2021 08:45
    Liberty Liège Dudelange Gets Credit Protection

    S&P Global Platts reported that Liberty Steel Group’s Liberty Liège-Dudelange has been granted temporary protection from creditors of its Belgian Liège plants and will work in coming days with stakeholders to identify new sources of financing to sustain the company's activities and continuity. Granting of court protection follows Liberty Steel Group's request on April 27 to the Liège Enterprise Court that it should grant a judicial reorganization procedure for its Liège plants. The objective of the Liège-Dudelange PRJ, which applies only to the company's plants at Flémalle and Tilleur in Belgium, is to temporarily protect the company from its creditors, while ensuring the best possible ongoing relationships with them, and ensure the continuity of the company, the Liberty. PRJ will not affect the day-to-day management of the Liège business and the local management team will remain at the helm, benefiting from an initial creditor moratorium to the end of July 2021.

    The report quoted a Liberty Steel Group spokesperson as saying that "In the next few days, the company's management team and a Mediator will continue to work collaboratively with stakeholders to identify new sources of financing to sustain the company's activities. LIBERTY will also continue to engage with stakeholders to identify new sources of financing of the Dudelange plant. LIBERTY Liège-Dudelange's first priority remains the welfare of its high quality and highly committed employees and the management team believe that these decisions will offer the best chances for a sustainable outcome for the plants, their employees and their loyal customer base."

    Liberty spokesperson also said "LIBERTY Liège-Dudelange, which incorporates two plants at LIBERTY Liège in Belgium and LIBERTY Dudelange in Luxembourg, has faced a significant reduction in working capital support since the collapse of Greensill Capital which has led to ongoing issues with its main supplier of Hot Rolled Coil. It has suffered significant issues with its main supplier of hot rolled coil, impacting its ability to operate at full capacity even after COVID-19 restrictions were lifted and causing supply chain disruptions.”

    However, the main supplier of hot rolled coil to Liège-Dudelange steelmaker ArcelorMittal said that it continues to supply to the works under a pre-established contract arrangement.

    Dudelange and Liège together have annual production capacities estimated at 1.6 million tonnes of galvanized/coated steel, 300,000 tonne of cold rolled coil and 200,000 tonnes of tinplate

    News of the Liège-Dudelange creditor protection follows the late April entry into judicial administration of three French units of Alvance Aluminium, GFG Alliance's aluminum subsidiary.

    Source - Strategic Research Institute
  6. forum rang 10 voda 17 mei 2021 08:47
    JSL Reports Huge Surge in Net Profit in 2020-21

    Indian stainless steel giant Jindal Stainless Ltd has reported financial results for FY 2020-21 ended March 2021. JSL Managing Director Mr Abhyuday Jindal said “Our agile business strategy throughout the year, despite the pandemic-induced challenges, has helped JSL deliver a strong performance. A steady demand in the domestic market across segments during the fourth quarter has helped growth in sales volume and revenue. We’re now looking forward to the creation of a level playing field by the Government.”

    Financial Performance Summary – FY 2020-21

    Standalone

    Net Revenue – INR 11,679 crore, down 5% YoY

    EBITDA - INR 1,396 crore, up 19% YoY

    PBT - INR 700 crore, up 187% YoY

    PAT - INR 428 crore, up 180% YoY

    Consolidated

    Net Revenue - INR 12,188 crore, down 6% YoY

    EBITDA - INR 1,424 crore, up 25% YoY

    PBT – INR 690 crore, up 318% YoY

    PAT – INR 419 crore, up 478% YoY

    JSL maintained its focus on meeting domestic demand, which led to an increase in the overall proportion of domestic sales. The domestic-export share of sales volumes during the January-March 2021 quarter

    Domestic - 84%, up 24% YoY

    Export - 16%, down 16%

    Source - Strategic Research Institute
  7. forum rang 10 voda 17 mei 2021 08:54
    US May Terminate Probe on CTL Plate Imports from Russia & Ukraine

    TASS reported that according to a statement the US International Trade Commission published in federal register, United States may terminate previously suspended investigations on imports of carbon steel plate from Russia and Ukraine. US ITC said "The Commission hereby gives notice of the scheduling of expedited reviews pursuant to the Tariff Act of 1930 to determine whether revocation of the antidumping duty order on cut to length carbon steel plate from China and the termination of the suspended investigations on cut to length carbon steel plate from Russia and Ukraine would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time.”

    On November 3, 2020, the US Department of Commerce announced the launch of the procedure for revising the status of suspended anti-dumping investigations in relation to carbon steel imports from Russia and Ukraine. In early March, the US Department of Commerce argued that the termination of the suspended investigations could lead to a resumption of dumping with an average margin of up to 185% for Russia and up to 237.91% for Ukraine.

    Source - Strategic Research Institute
  8. forum rang 10 voda 17 mei 2021 08:56
    CSC to Raise June Steel Prices by Average 8%

    Taking a cue from its Chinese counterparts Baosteel Group and Wuhan Iron and Steel Corp, as well as Formosa Ha Tinh Steel Corp in Vietnam, Kaohsiung-based Taiwan’s largest steelmaker China Steel Corp is raising domestic steel prices by 8% on average for delivery in June 2021, reflecting climbing steel demand worldwide and increased manufacturing costs due to higher raw material prices. Prices of mainstream hot-rolled steel and hot-roll steel plates are to rise by TWD 2,300 (USD 82) per tonne next month, while cold-roll steel prices are to climb by TWD 2,500 per tonne. The company is to raise prices for mid-to-low-grade electrical steel coils by TWD 1,000 per tonne and TWD 1,500 for high-end coils, while prices for hot-dipped zinc-coated steel coils used in home construction are to rise by TWD 2,500 per tonne.

    CSC said “Global steel demand is picking up significantly due to a recovery in the world economy. Tight steel supply and price hikes in raw materials, including coal, iron ore and shipping costs, have pushed global steel prices to historic highs. High steel prices are becoming a new norm.”

    CSC added “Domestic steel prices have increased at a much slower rate than global steel prices. The price discrepancy has caused unusual exports of steel, causing domestic supply and demand imbalance. This has gone against the free-market mechanism.”

    Source - Strategic Research Institute
  9. forum rang 10 voda 17 mei 2021 08:57
    Mechel Beloretsk Plant Introduces Lean Manufacturing System

    Mechel Group’s Beloretsk Metallurgical Plant is introducing a lean production system aimed at increasing operational efficiency and reducing costs. The goal of the project is to create a culture of production in such a way that all employees, each in their place, are involved in the process of initiating improvements, which ultimately will lead to the elimination of all types of waste and increase productivity. The project involves the introduction of lean manufacturing tools into production processes: the 5C system for organizing and rationalizing the workplace, improvement methods, quick changeover, universal equipment maintenance, mapping and production analysis.

    The high-strength wire shop CVP 16 has become a pilot facility for the implementation of a lean production system at BMK. The project, designed for two years, is being implemented jointly with ANO "Center" Kaizen ". The enterprise has established a project management committee and a production system improvement department. In workshop No 16, the stage of diagnostics of the current state of production is being completed, a roadmap of changes is being developed, as well as a map of the value creation stream, a "standardized work" is being introduced - it allows you to determine deviations and losses in the production cycle. After analyzing the identified problems, passports for their solution are developed. An information center was organized in the workshop for the prompt collection of data on all topical issues of production. The work of the workshop is assessed by a number of indicators: safety, product quality, order execution, costs, corporate culture.

    The lean production project is also being implemented at other metallurgical enterprises of the Mechel Group.

    Source - Strategic Research Institute
  10. forum rang 10 voda 17 mei 2021 08:58
    TenarisHydril Wedge 667 Adopted by Norwegian Client in North Sea

    Tenaris has developed the TenarisHydril Wedge 667, the most advanced and robust connection for severe offshore environments, in partnership with a longtime customer that is now fully adopting the premium connection for its operations in a field in the North Sea. The Wedge 667 connection has been designed for HPHT and deep well applications, with focus on wear resistance. Tested according to API RP 5C5:2017 CAL IV protocol, this connection with patented step-to-step Wedge profile and the slimmest coupling OD in the market, is able to achieve 100% pipe body performance envelope. The connection comes with Tenaris’s proprietary Dopeless technology, which enhances its performance and reliability and provides additional operational, well productivity and HSE benefits.

    The product’s development was initiated in 2015 when the operator started to detect rising levels of Hydrogen Sulfide (H2S) gas content in its wells, stemming from the water being injected into the field to enhance its production. The souring conditions could cause the metal from the well’s liner to form a crack and undergo a failure.

    Tenaris experts came up with a solution to address the customer’s need for an ultra slim coupling with superior mechanical performance with a high yield strength. The connection was then trialed in three of the customer’s wells in 2016 with success - zero re-make ups and rejects. The market crisis at the time, however, halted the adoption of the Wedge 667®. In recent years though, increasing levels of H2S have become a serious risk.

    Source - Strategic Research Institute
  11. forum rang 10 voda 17 mei 2021 12:54
    EU en VS willen einde importheffingen staal
    Kijken naar gezamenlijk optreden tegen China.

    (ABM FN-Dow Jones) De Europese Unie en de Verenigde Staten bekijken of onderlinge importheffingen op staal ingetrokken kunnen worden. Dit bleek maandag uit een gezamenlijk persbericht.

    De verstoringen die de maatregelen tot gevolg hebben, vormen volgens de Commissie en de VS "een ernstige bedreiging" voor de staal- en aluminiumindustrie.

    Ook willen de twee onderzoeken hoe zij samen landen kunnen aanpakken, zoals China, die voor handelsverstoringen zorgen.

    De heffingen werden ingesteld tijdens het presidentschap van Donald Trump.

    Op Twitter meldde eurocommissaris Valdis Dombrovskis maandag dat de EU de verhoging van 232 heffingen voor de VS tijdelijk zal opschorten.

    "Dat geeft ons de ruimte om een oplossing te vinden voor dit dispuut en de mondiale overcapaciteit aan te pakken", aldus Dombrovskis.

    Door: ABM Financial News.

    info@abmfn.nl

    Redactie: +31(0)20 26 28 999
  12. forum rang 10 voda 18 mei 2021 07:48
    Chinese Crude Steel Production in April at Record High

    Latest data from the National Bureau of Statistics shows that fuelled by strong profits China’s crude steel output hit an all-time high of 97.85 million tonnes in April, despite the government’s pledge to curb annual production to reduce pollution. That was up 4.1% from March 2021and 15% above output of 85.03 million tonnes in April 2020. China produced 374.56 million tonnes of crude steel in January-April 2021, up 16% YoY. Improving profit margins, stoked by rosy demand and sky rocketing steel prices, boosted mills’ appetite for production.

    Steel production in China had been rising for two straight months, even though Chinese government has repeatedly vowed to ensure the country’s full-year output remains below the 1.065 billion tonnes produced in 2021. On May 7, the Ministry of Industry and Information Technology said it would continue to limit new steel production capacity in key areas to control air pollution with measures taking effect June 1. The unusual intervention follows a year of historically high production in 2020 despite the COVID-19 pandemic and the slowest economic growth rate in 44 years.

    Source - Strategic Research Institute
  13. forum rang 10 voda 18 mei 2021 07:48
    EU & US Move to End Steel Tariff Dispute

    The EU and US took a step towards a post-Trump trade truce, agreeing to hold talks to end feud over steel and aluminium tariffs. European Commission Executive Vice President Mr Valdis Dombrovskis, United States Trade Representative Ms Katherine Tai and US Secretary of Commerce Ms Gina M Raimondo announced the start of discussions to address global steel and aluminium excess capacity. During a virtual meeting last week, the leaders acknowledged the need for effective solutions that preserve our critical industries and agreed to chart a path that ends the WTO disputes following the US application of tariffs on imports from the EU under section 232. They acknowledged the impact on their industries stemming from global excess capacity driven largely by third parties. The distortions that result from this excess capacity pose a serious threat to the market-oriented EU and US steel and aluminium industries and the workers in those industries. They agreed that, as the United States and EU Member States are allies and partners, sharing similar national security interests as democratic, market economies, they can partner to promote high standards, address shared concerns, and hold countries like China that support trade-distorting policies to account.

    They agreed to enter into discussions on the mutual resolution of concerns in this area that addresses steel and aluminium excess capacity and the deployment of effective solutions, including appropriate trade measures, to preserve our critical industries. To ensure the most constructive environment for these joint efforts, they agreed to avoid changes on these issues that negatively affect bilateral trade. They committed to engaging in these discussions expeditiously to find solutions before the end of the year that will demonstrate how the US and EU can address excess capacity, ensure the long-term viability of our steel and aluminium industries, and strengthen our democratic alliance.

    The peace offering is the latest chapter in a row that began in June 2018 when then US president Mr Donald Trump imposed tariffs of 25% on steel and 10 percent on aluminium from Europe, Asia and elsewhere. EU responded with counter-tariffs on 2.8 billion euros worth of iconic US products, including bourbon whiskey, jeans, orange juice and Harley-Davidson motorbikes. The EU was planning to increase those counter-tariffs on June 1 but, given the easing of tensions with the Biden administration, will now refrain from doing so.

    Source - Strategic Research Institute
  14. forum rang 10 voda 18 mei 2021 07:50
    Worldsteel Policy Paper on Climate Change & Steel Production

    The World Steel Association has released a public policy paper, Climate change and the production of iron and steel. The paper outlines the steel industry’s challenges and opportunities with respect to reducing CO2 emissions in line with the aims of the Paris Agreement. Steel production remains a CO2 and energy-intensive activity. However, the steel industry is committed to continuing to reduce the footprint from its operations and the use of its products. There is no single solution to drastically reducing CO2 emissions from our industry and we believe that individual countries are best placed to assess and implement policy and technical strategies to suit their particular circumstances. However, the main elements of the industry’s response, applicable to steel producers everywhere, are:

    1. Reducing our own impact

    2. Efficiency and the circular economy

    3. Developing advanced steel products to enable societal transformations

    Worldsteel Director General Dr Edwin Basson said “What is absolutely clear is that governments and other stakeholders will need to work with the steel industry to overcome the technological and economic challenges and create the market conditions necessary for the steel industry to transition to low-carbon steelmaking effectively.”

    Worldsteel’s Environment and Climate Change Head Åsa Ekdahl is presenting the contents of the paper in a webinar on 19 May, ‘Climate Change and the Production of Iron and Steel: An Industry View.’ The webinar is a steelTalk, part of the series of free-to-attend monthly webinars organised by steeluniversity, worldsteel’s learning and training programme.

    Source - Strategic Research Institute
  15. forum rang 10 voda 18 mei 2021 07:51
    Tenova to Revamp Pomini Roll Shop at BaoSteel Silicon Steel Plant

    China Baowu Steel Group Corporation Limited has awarded Tenova two contracts for the revamping of a fully automatic roll shop for its silicon steel plant at Baoshan Iron and Steel in Baoshan in Shanghai in China. The scope of the contract includes the disassembly; relocation and revamping of five Pomini roll grinders and two Pomini auto loaders with the complete automation system. In 2008, Pomini Tenova, worldwide leader in the production of roll grinders, supplied a fully automatic roll shop with five roll grinders and two auto loaders for the Cold Rolling Mill of the Group’s Stainless Steel Branch. With this revamping, the previous roll shop will be transferred to the Baoshan Silicon Plant, where the customer is expanding its production of non-grain oriented silicon steel coils. The completion of the project is forecasted in summer 2022.

    The current roll shop will be completely upgraded with the most advanced automation system, which will integrate all grinders and loaders and introduce innovative technological solutions ensuring the highest safety and quality standards.

    Moreover, among others, three new features will modernize Pomini’s equipment: the new NDT inspection system Inspekor3 with Eddy Currents and Creeping Waves for on-line roll surface and subsurface defect inspection; the new Continuous Profile Compensation for true and undisturbed in-process measurement and correction of roll profile during grinding; and the innovative Pomini Process Monitoring, allowing to optimize the grinding process parameters to reach the desired roll surface quality. PPM is also part of the Digital Advanced Solutions provided by Tenova, offering the latest Industry 4.0 developments and including Tenova Edge, which enables process variable and data collection for Machine Condition Monitoring and Predictive Maintenance.

    Source - Strategic Research Institute
  16. forum rang 10 voda 18 mei 2021 07:52
    thyssenkrupp & TSR to Test Feeding Steel Scrap in Blast Furnace

    In an effort to strengthen the circular economy, the recycling company TSR and the steel producer thyssenkrupp Steel will enter into cooperation. The basis is an innovative production process developed by TSR, in which a high-quality recycling product is made from common recovered scrap. The process is to be tested and optimized in a joint project for use in the blast furnaces of thyssenkrupp Steel with the goal of producing the high-quality recycling product in the required quantities. The project is to strengthen the recycling cycle of iron and steel, while reducing the CO2 emissions of the blast furnaces at the Duisburg site of thyssenkrupp Steel. The development of the pre-processing plant and the continual optimization of the product will take place within the scope of a joint research project. Thereby, this measure complements the hydrogen-based transformation path pursued by thyssenkrupp Steel. Production plant scheduled to be commissioned in the autumn of 2022. After a successful test phase it is planned to agree upon and ensure the long-term supply of the thyssenkrupp Steel’s Duisburg steel mill from TSR’s site. Currently, the production plant is scheduled to go into operation in the autumn of 2022.

    By testing the new recycling product, TSR and thyssenkrupp Steel intend to gain knowledge about its use in the blast furnace and how it can increase the recycling quota in steel production. Based on these findings, the product is to be further developed and optimized in order to obtain as ideal as possible properties for the use in the blast furnaces of thyssenkrupp Steel. Owing to the advanced measurement equipment and monitoring in place, the blast furnaces of thyssenkrupp Steel offer the ideal basis for the development of the product for steel production. To this end, an industrial-scale production plant will be built to supply the blast furnaces of thyssenkrupp Steel in Duisburg with the required material. The proximity between the steel mill and TSR’s location in Duisburg, one of the largest scrapyards in Germany with an area of well over 130,000 square meters, also offers considerable logistic advantages.

    The TSR process is intended to make an innovative product from common raw materials, namely consumer scrap, the composition and properties of which can be precisely designed. The challenge consists in removing some undesired attended materials from the iron by targeted separation, so that the product is then suitable as a certified raw material for the blast furnace process and can be used sustainably.

    Through the use of the recycled product with very high iron content, the amount of these reducing agents in the blast furnace can be reduced. This results in a reduction of CO2 emissions. The use of one ton of the recycled product could thus save about one ton of CO2. The project is another element in the transformation path pursued by thyssenkrupp Steel towards climate-neutral steel production and complements planned measures like the injection of hydrogen into the blast furnace, the installation of new direct reduction plants, the Carbon2Chem technology or other initiatives aimed at reducing CO2 emissions in existing plants.

    Source - Strategic Research Institute
  17. forum rang 10 voda 18 mei 2021 07:54
    Chhattisgarh CM Pitches for 20% Oxygen for Steel Mills

    Local media reported that after requesting Prime Minister Narendra Modi, Chhattisgarh Chief Minister Mr Bhupesh Baghel has urged Union Minister for Industries Mr Piyush Goyal that steel industries should be allowed to use 20% quantity of oxygen produced in Chhattisgarh. Mr Baghel spoke over the telephone with Mr Goyal over the issue and was asked by the Minister to send a proposal. In a letter, the Chief Minister said “The total daily oxygen production capacity of various units in Chhattisgarh is 462 tonnes. Under normal circumstances, oxygen is supplied to the steel makers in the state by the oxygen manufacturers. But due to corona cases, the Centre has banned the industrial use of oxygen. The oxygen producing units are suffering due to lack of demand for oxygen while the steel making units in the state are shut due to lack of oxygen. Keeping this in view, the steel makers should be allowed the use of 20% quantity of oxygen produced in the state.”

    He added “If the demand for additional medical oxygen arises, the supply of oxygen to the steel units may be stopped immediately.”

    The Chief Minister also mentioned that Oxygen producing units are suffering due to lack of demand for oxygen and all the steel making units of the state are closed due to lack of oxygen, due to which millions of labourers have become unemployed.

    Source - Strategic Research Institute
  18. forum rang 10 voda 18 mei 2021 07:55
    Usiminas Selects Danieli Corus for New 180 Tonne Converter

    Usinas Siderúrgicas de Minas Gerais SA has awarded the contract for the replacement of BOF Converter 5 of BOF Shop 2 at their 4.8 million tonne per year Ipatinga integrated steelworks to Danieli Corus. The new 180 tonne converter will be equipped with the Danieli-patented suspension system based on a vertical Lamella arrangement, in combination with horizontal Daniella elements, an air-cooling system for the barrel part of the vessel, and water–based cooling for the vessel’s top cone. A Q–Temp 2.0 temperature monitoring system and EIC & automation packages will also be installed as part of this revamp project. The first heat with the new converter is scheduled for 2023.

    This contract is a repeat order after the contract for the replacement of BOF converter 4 in 2018 and marks the eleventh converter revamp project for Danieli Corus since 2014.

    Source - Strategic Research Institute
  19. forum rang 10 voda 18 mei 2021 07:56
    AISI Welcomes US & EU Announcement on Steel Overcapacity

    American Iron and Steel Institute President & CEO Mr Kevin Dempsey, in response to an announcement by the US Trade Representative and Secretary of Commerce regarding plans to begin bilateral discussions with the European Union to address global steel and aluminium excess capacity, said “We appreciate the announcement today that USTR and the Department of Commerce will be working with their EU counterparts to address the issue of global steel excess capacity, which has adversely impacted the American steel industry for many years. We are grateful for the administration’s commitment to addressing this crisis, to preserving and improving measures to address unfair trade and to recognizing that the American steel industry is critical to our national and economic security.”

    He said “To be successful, the bilateral discussions must take into account that, while China is the single largest source of global steel oversupply, subsidies and other market distorting policies in many countries are contributing to the overcapacity crisis and that injurious surges in imports have come from every region of the world. Achieving an agreement that produces real results for our industry will take time and will not be easy. However, I am hopeful that the US government can work with the EU toward substantive solutions to the global overcapacity crisis in steel while maintaining the necessary trade measures to prevent surges in steel imports that could quickly undermine the US industry and our national security.”

    He added “We look forward to working in partnership with the Biden administration, the United Steelworkers and our industry partners to ensure the American steel industry and its workers remain a vital part of the American economy and a key contributor to our national security.”

    Source - Strategic Research Institute
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