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Home  /   Forum   /   Arcelor Mittal   /   Nieuws en info hier plaatsen (deel 4)

Aandeel ArcelorMittal AEX:MT.NL, LU1598757687

Laatste koers (eur) Verschil Volume
22,270   +0,140   (+0,63%) Dagrange 22,160 - 22,270 308.639   Gem. (3M) 2,2M

Nieuws en info hier plaatsen (deel 4)

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35.173 Posts
Pagina: «« 1 ... 1330 1331 1332 1333 1334 ... 1759 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 4 juni 2021 07:56
    Primetals & Newfer JoinFor Pelletizing Beneficiation Technologies

    Primetals Technologies and NewFer have signed a cooperation agreement in April 2021 for the joint development and implementation of iron ore pelletizing and beneficiation plants. The cooperation with NewFer strengthens Primetals Technologies’ world-wide offering for travelling grate iron ore pelletizing plants.

    Germany based company NewFer was founded in 2019 and employs various industry professionals with vast global experience in the design, project development and implementation of beneficiation and agglomeration projects. Under the technical lead of CTO Mr Thomas Schwalm, NewFer supports Primetals Technologies with services for the design and engineering of pelletizing projects including raw material characterization and pot grate tests as well as the development of the process engineering (such as heat and mass balances and other main process parameters) as well as the design of the induration machine. NewFer’s technical support and consulting is provided throughout the complete sales and implementation phase of a pelletizing project and includes advisory services for commissioning and plant start-up.

    Primetals Technologies offers straight grate and circular grate pelletizing plants for capacities between 1 and 8 million tonnes per annum. The individually optimized plant concept is based on detailed raw material analysis with Primetals Technologies’ own pot grate test facility located in Leoben in Austria. For the calculation of the heat balance and the design of the individual process zones of the induration furnace, an advanced numerical simulation tool is used which is also an in-house development of Primetals Technologies.

    Source - Strategic Research Institute
  2. forum rang 10 voda 4 juni 2021 07:59
    OMK to Merge ATZ Pipe Plant in Tatarstan with Vyksa Plant

    Russian pipe maker United Metallurgical Company OM has completed the reorganization of its ATZ pipe plant in the Republic of Tatarstan in the form of a merger with the Vyksa plant of OMK in the Nizhny Novgorod Region. Since June 1, the OMK plant in Tatarstan continues to operate and fulfil its obligations to customers and employees in full as a branch of VSW JSC in Almetyevsk and ATZ JSC as a legal entity has ceased its activities.

    The OMK plant in Almetyevsk is one of the largest producers of steel electric-welded pipes with high-quality outer coating in the Volga region. It specializes in the production of small and medium diameter pipes. Mr Arthur Pleshkov, who previously held the position of Managing Director of the OMK Almetyevsk Pipe Plant, was appointed head of the Almetyevsk branch of JSC VMZ.

    The reorganization of the plant is connected with the transformation of OMK's sales strategy and system and is intended to increase the synergy of cooperation between the two production sites of the company, as well as the quality of service for customers. The merger of the two enterprises will expand their production capabilities and comprehensive proposals for the supply of tubular products and rolled metal products for customers in industry, construction, housing and communal services and other areas of regional markets.

    Source - Strategic Research Institute
  3. forum rang 10 voda 4 juni 2021 07:59
    EUROFER Comments on Draft EU Taxonomy Article 8 Delegated Act

    The European steel industry association EUROFER is submitting its comments and suggestions to European Commission on the proposed provisions of Article 8 Delegated Act. EUROFER said “The European steel industry is progressively transitioning towards greener solutions and plays a crucial role in moving towards a carbon neutral economy. The sector is considered a transitional activity for the objective of Taxonomy climate change mitigation. Transitional activities are those economic activities for which there are currently no technologically and economically feasible low carbon alternative, but that are taking actions for transitioning towards a climate neutral economy. In order to reach the EU’s ambitious reduction target for 2030 and climate neutrality in 2050, novel technologies need to be demonstrated and scaled-up, which will require large and significant CAPEX investments, as well as increased OPEX for production in Europe. Given the magnitude of such investments, the EU taxonomy system must be developed to meet the scientifically based targets under 2030 and 2050, while at the same time allowing financing for activities contributing and transitioning to the EU climate and environmental goals, such as steel manufacturing.”

    It added “Furthermore, taxonomy, its delegated acts and the relating reporting obligations should take into account the complexity of the steel sector: as a matter of fact, this is the only industrial sector for which the Delegated Act on climate mitigation and adaptation includes several technical screening criteria to comply with, covering different sub-activities and phases of the steel making process. This implies that the steel “activity” will need to be assessed against each and one of these criteria. It is therefore crucial that the reporting obligations set in accordance with Art. 8 of the Taxonomy Regulation are clear, legally certain, and that additional economic and administrative burdens for undertakings are prevented or limited.”

    Source - Strategic Research Institute
  4. forum rang 10 voda 4 juni 2021 08:00
    MMK & FORTUM to Cooperate on Steel Decarbonisation

    At the St Petersburg International Economic Forum, Magnitogorsk Iron & Steel Works and the energy group Fortum signed a Memorandum of Cooperation in the field of renewable energy. The document was signed by MMK CEO Mr Pavel Shilyaev and Fortum CEO Mr Alexander Chuvaev. The agreement formalises MMK's intention to use green energy produced by Fortum Russia and its joint ventures at their wind and solar power plants. Fortum has the largest wind and solar portfolio in Russia, either directly or through joint ventures, with more than 2GW of capacity. The use of electricity from clean and renewable sources in production processes will enable MMK to reduce the carbon footprint of its products.

    MMK CEO Mr Shilyaev said "One of the main challenges facing the iron and steel industry today is reducing its carbon footprint. MMK as a modern and responsible company is reducing emissions of greenhouse gases year on year. By 2025, our goal is to reduce CO2 emissions by 2.2 million tonnes and reach a target CO2 emission rate of 1.8 tonnes per tonne of CO2. I am sure that cooperation with Fortum, the largest green energy company in Russia, will allow us to accelerate towards this goal.”

    Source - Strategic Research Institute
  5. forum rang 10 voda 4 juni 2021 08:05
    DocOrigin Chosen by Aperam for Switching Documentation

    Eclipse Corporation announced that global player in stainless, electrical and specialty steel Aperam has chosen DocOrigin to replace its aging document generation solution Adobe Central, known previously as JetForm. In DocOrigin, Aperam found a robust, dependable and modern solution that was more efficient, faster, and easier to work with than Adobe Central. Built from the ground up by the original creators of Adobe Central, DocOrigin developers' extensive history with forms and document production allowed Aperam to convert to DocOrigin quickly and effectively.

    Aperam's business model is very much rooted in documents, which are used to pay their employees, purchase materials, invoice customers, label their packages, maintain compliance, and more. Migrating 150 existing (JetForm) Central document templates, which had required a heavy investment of time and finances to perfect over the years, was one of Aperam's top priorities in finding a suitable replacement. DocOrigin's conversion tool allowed Aperam to directly import their existing Adobe Output template files with 90-99% accuracy rate. The company can also continue to use their existing, field nominated data files because DocOrigin automatically converts them to XML on the fly, thus, further supporting another of Aperam's requirements for rapid migration with their current line of business software. Aperam runs their current Adobe Central solution in parallel with DocOrigin, allowing them to move new documents into production at their own pace.

    Aperam is a global player in stainless steel. They produce 2.5 million tonnes of flat stainless steel in Europe and Brazil, but they are also a leading producer of high value-added specialty products, including electrical steel and nickel alloys.

    Source - Strategic Research Institute
    Bijlage:
  6. forum rang 10 voda 7 juni 2021 07:45
    Labour Dispute on the North Shore - A New Agreement in Principle Reached Between ArcelorMittal and the Five Local Unions of the United Steelworkers Français
    NEWS PROVIDED BY

    ArcelorMittal Exploitation minière Canada s.e.n.c.
    Jun 05, 2021, 16:02 ET

    SHARE THIS ARTICLE

    LONGUEUIL, QC, June 5, 2021 /CNW Telbec/ - ArcelorMittal Mines and Infrastructure Canada ("ArcelorMittal") and the executives of the five local unions of the United Steelworkers reached an agreement in principle for the renewal of their collective labour agreement.

    The last round of negotiations, held in the presence of a conciliator named by the Minister of Labour, Employment and Social Solidarity, resolved the remaining outstanding issues and led to reaching an agreement in principle. The President and Chief Executive Officer of ArcelorMittal Mining Canada and Chairman of the Management Committee of ArcelorMittal Infrastructure Canada, Mr. Mapi Mobwano, took part in these latest negotiations.

    Provided that the members of the five local unions of the United Steelworkers ratify the agreement in principle, the collective labour agreement will be renewed for a period of four years. ArcelorMittal will therefore be able to provide stability for all its employees and business partners.

    "We are pleased with this outcome, which is the result of the efforts of both parties at the negotiating table and the work of the conciliator. We leave it to the executives of the five local unions to present to their members the details of the agreement in principle to be ratified and we are hopeful to be able to turn the page on this conflict," declared Mapi Mobwano.

    As part of its Transformation project launched in 2020, ArcelorMittal intends to increase its commitment to actively support the vitality of the communities of Fermont and Port-Cartier, and projects to that effect have been underway for several months with local stakeholders.

    ArcelorMittal Mines and Infrastructure Canada is an essential link in the entire chain of steel production, in Québec and elsewhere in the world, and the economic benefits of its presence in Québec are substantial: the company spends about CA$1.25 billion in the province each year and its contribution to the provincial GDP is around CA$1 billion. ArcelorMittal Mines and Infrastructure Canada generates more than 8,300 direct and indirect jobs in Québec. ArcelorMittal is also the company that has paid, by far, the most mining royalties to the Quebec government in 2020, that is CA$234 million.

    About ArcelorMittal Infrastructure Canada G.P.
    and ArcelorMittal Mining Canada G.P.

    Subsidiaries of ArcelorMittal, the world's leading steel and mining company and among the top five producers of iron ore products globally, ArcelorMittal Infrastructure Canada G.P. ("AMIC") and ArcelorMittal Mining Canada G.P. ("AMMC") are two complementary entities operating on Quebec's North Shore. AMIC ensures the transport of concentrate between Mont-Wright and Port-Cartier, and operates a seaport in Port-Cartier to transport and ship AMMC's products to four continents. AMMC produces iron oxide concentrate and pellets for the steel market. The two companies employ approximately 2,500 people, making ArcelorMittal the largest employer in the North Shore region.

    SOURCE ArcelorMittal Exploitation minière Canada s.e.n.c.

    For further information: Annie Paré, Director, Communications, ArcelorMittal Mining Canada G.P., annie.pare@arcelormittal.com

    www.newswire.ca/news-releases/labour-...
  7. forum rang 10 voda 7 juni 2021 07:57
    Russian Steel Makers Embark on Green Steel Journey

    Following a flurry of announcements by European steel makers, power producers & hydrogen producers since 2020 beginning, Russian steel makers and Gas & Oil giants have signed several agreements to implement green steel making at XXIV St Petersburg International Economic Forum last week. The signed agreement will be implemented using the SPIC 2.0 mechanism

    Severstal & EVRAZ and Gazprom Neft have signed cooperation agreements on developing technologies to produce, transport, store, and use hydrogen and reduce emissions of carbon dioxide. As part of the agreement, the oil company will be sharing separately with Severstal and Evraz its best practices in CO2 disposal. The companies plan to jointly seek opportunities and technologies for capturing and utilizing carbon dioxide, as well as using hydrogen in metallurgical production and developing materials for its transportation and storage. They may implement joint technological projects in the field of decarbonisation, including through the transfer of production from hydrocarbon fuel to methane-hydrogen mixtures.

    Metalloinvest, Russia’s State Atomic Energy Corporation Rosatom’s JSC Rusatom Overseas and leading producer of industrial gases Air Liquide signed a memorandum of understanding to study the possibility of organizing low carbon production of hydrogen. As part of the joint work, the parties plan to evaluate the technical and commercial aspects of a potential project for the production of environmentally friendly hydrogen for Metalloinvest factories located in Belgorod and Kursk regions. Electrolysis of water using low carbon electricity for yellow & green hydrogen and steam reforming of methane in combination with carbon capture technologies for blue hydrogen are considered as possible means for hydrogen production.

    NOVATEK and Severstal signed a Memorandum of Understanding on cooperation in the field of alternative and hydrogen energy to reduce greenhouse gas emissions. The MOU provides for the implementation of a joint pilot project to produce blue hydrogen from natural gas and by using technologies for carbon capture and storage. The parties intend to jointly develop technical requirements, standards and engineering solutions for the manufacturing and supply of hydrogen transport pipelines, turbines, hydrogen storage systems and hydrogen transport tanks. Furthermore, the Parties also agreed to cooperate in the production and supply of hydrogen, development of technological solutions for the use of fuel types based on hydrogen and its carriers, specifically ammonia.

    Ecolant signed a special 20 year investment contract for the construction in Vyksa of the Nizhny Novgorod region. Ecolant is a metallurgical complex without coke-chemical and blast-furnace converters. The steel will be produced from iron ore and natural gas using the Direct Reduced Iron method. The project is a single ore steel production chain consisting of DRI, an electrometallurgical furnace and a secondary processing complex with a capacity of 1.8 million tonnes of steel per year and two continuous casting machines.

    Magnitogorsk Iron & Steel Works and the energy group Fortum signed a Memorandum of Cooperation in the field of renewable energy. The agreement formalises MMK's intention to use green energy produced by Fortum Russia and its joint ventures at their wind and solar power plants. Fortum has the largest wind and solar portfolio in Russia, either directly or through joint ventures, with more than 2GW of capacity. The use of electricity from clean and renewable sources in production processes will enable MMK to reduce the carbon footprint of its products.

    NOVATEK and a subsidiary of TotalEnergies SE signed a Memorandum of Understanding on decarbonization, hydrogen and renewables. The Parties intend to cooperate on reducing greenhouse gas emission at joint projects by implementing carbon capture and storage technologies and utilizing renewable energy sources at joint LNG projects. In addition, the MOU considers the production and usage of hydrogen as a low-carbon fuel, as well as the marketing of carbon-neutral products including LNG.

    Special Investment Contract 2.0, SPIC 2.0, is an instrument of industrial policy aimed at stimulating investment in industrial production in Russia. Its essence lies in the fact that the state undertakes to stimulate activities in the spheres of industry, determined by the decree of the Government of the Russian Federation, and the investor, in turn, to implement the project using modern technologies in order to increase the competitiveness of products in world markets.

    Source - Strategic Research Institute
  8. forum rang 10 voda 7 juni 2021 08:00
    Top Steel Producing Companies in 2020

    The World Steel Association (worldsteel) has published the 2021 edition of World Steel in Figures. The ranking list of the 107 steel producing companies is dominated by 64 Chinese steel mills.

    Top 10 Steel Makers – 2020

    1. China Baowu Group - 115.29 million tonnes

    2. ArcelorMittal - 78.46 million tonnes

    3. HBIS Group - 43.76 million tonnes

    4. Shagang Group - 41.59 million tonnes

    5. Nippon Steel - 41.58 million tonnes

    6. POSCO - 40.58 million tonnes

    7. Ansteel Group - 38.19 million tonnes

    8. Jianlong Group - 36.47 million tonnes

    9. Shougang Group - 34.00 million tonnes

    10 - Shandong Steel Group - 31.11 million tonnes

    The list includes 5 Indian steel makers

    12. Tata Steel Group India - 28.07 million tonnes

    24. Steel Authority of India Ltd - 14.97 million tonnes

    25. JSW Steel - 14.86 million tonnes

    53. Jindal Steel and Power Ltd - 7.51 million tonnes

    90. Rashtriya Ispat Nigam Ltd - 3.98 million tonnes

    Source - Strategic Research Institute

    Voor de originele gegevens, zie de link naar Worldsteel.

    www.worldsteel.org/media-centre/press...
  9. forum rang 10 voda 7 juni 2021 08:03
    CoC Approves AM Mining’s Resolution Plan for Uttam Galva

    The Committee of Creditors of Mumbai based Uttam Galva Steel, through e-voting process which was held between 17 May 2021 and 2 June 2021, has approved ArcelorMittal Group’s subsidiary AM Mining India Private Ltd’s bid for the distressed steel company by 100% vote share. According to sources close to the development, the ArcelorMittal arm has agreed to pay around INR 4,000 crore as against claims of around INR 20,650 crore, with bankers and other financial creditors claim accounting for INR 9,232 & INR 11,000 crore from operational creditors, which include vendors, employees, etc. ArcelorMittal India Private Ltd has the largest share of INR 6,476 claim among the financial creditors. Now, the resolution plan would be presented before the NCLT for final approval.

    In November 2019, Uttam Galva Steels had defaulted to the tune of USD 6.67 million on its overseas loan or external commercial borrowing facility with the total amounting to around USD 25 million, reduced from USD 50 million after a settlement. The facility was extended by State Bank of India in May 2013. After a reminder in January 2020 from SBI, Uttam Galva Steel expressed its inability to pay on account of bad financial condition. Subsequently, in March 2020, SBI dragged the firm to the National Company Law Tribunal’s, Mumbai bench. SBI insolvency application was admitted by the Mumbai bench of National Company Law Tribunal in October 2020. As many six companies including JSW Steel, JSPL and Vedanta had submitted their expression of interest. However, only AM Mining India had submitted a resolution plan. The CoC took less than 270 days after the admission of insolvency application to approve the resolution plan.

    A large part of Uttam Galva Steel’s loans was taken over by ArcelorMittal from public sector banks to bid for Essar Steel in 2018. ArcelorMittal had made payments worth INR 4,922 crore (excluding interest) to secured financial lenders

    With 250 acres of land and more than 100 000 square metres of covered shed, the Uttam Galva Steel plant is located near Khopoli, which is 100 km away from Mumbai. As per the firm’s website, the plant has a facility for cold-rolling HR coils, with a capacity of 1,000,000 tonnes per year and annual galvanising capability of 750,000 tonnes. For FY 20-21, its net loss narrowed to INR 235.5 crore as compared with net loss of INR 1,414.2 crore from a year ago. Sales rose 25.5% to INR 654.2 crore from INR 521.2 crore in FY20.

    Source - Strategic Research Institute
  10. forum rang 10 voda 7 juni 2021 08:05
    UNIDO Collaboration to Drive Decarbonization of Steel & Cement

    A coalition of governments and organizations, led by the United Kingdom and India, launched the new Clean Energy Ministerial’s Industrial Deep Decarbonization Initiative in Vienna. Coordinated by the United Nations Industrial Development Organization, this ground-breaking effort aims to create market demand for low-carbon industrial materials, especially more sustainable steel and cement. With steel and cement among the most carbon-intensive commodities on the planet today, over the next three years, the coalition wants at least 10 countries to commit to purchasing low-carbon versions of these essential materials. UNIDO Director-General LI Yong said "Through this initiative, UNIDO will work with governments worldwide to agree on a global 2050 vision for the decarbonization of the steel and cement industries with ambitious targets informed by collective stakeholder inputs.”

    India's Secretary of Power Mr Alok Kumar said “India’s commitment to cut emissions intensity per unit of GDP by 33 to 35% by 2030 significantly hinges on effective deployment of low-carbon technologies in energy intensive sectors like iron and steel, cement and petrochemicals. With the ongoing programmes, India has considerably improved specific energy consumption of steel and cement industries. Now the next stage will be to focus on reducing the emission intensities from these sectors. We are therefore thrilled to co-lead this initiative at the CEM and look forward to collaborating with other governments and international partners.”

    In addition to the UK and India, other members of the coalition include Germany, Canada and the United Arab Emirates, with more countries expected to join soon. The initiative also brings together a strong group of related programmes and organizations, including the Mission Possible Platform, the Leadership Group for the Industry Transition LeadIT, the International Renewable Energy Agency and the World Bank, to tackle one of the next frontiers in the race against climate change.

    Within the next three years, the IDDI expects to have encouraged a minimum of 10 national governments, and a number of municipalities, to make public procurement commitments for low-carbon steel and cement. The first of a series of government commitments for the procurement of low-carbon steel and cement are expected to be announced at the upcoming global climate talks, hosted by the UK in Glasgow later this year.

    To date, steel and cement, which each represent around 7-8 per cent of energy-related emissions globally, have remained out of reach in the pursuit to mitigate carbon emissions. The need for continuous, high-temperature heat to produce these construction products requires large amounts of energy, a lot of which is still dependent on fossil fuels. While there is still a way to go before clearly defined low-carbon steel and cement is available in the market at scale, green public procurement commitments are essential in signalling that demand exists. For example, public procurement accounts for 46% of cement consumption in the United States of America, making it a colossal purchasing power in creating a market for lower emission materials. The same can be said for nations in the European Union and for many emerging industrial economies.

    Source - Strategic Research Institute
  11. forum rang 10 voda 7 juni 2021 08:06
    Nippon Steel Seeks Higher Domestic Steel Prices to Ensure Supplies

    Bloomberg reported that Japan’s top steel-maker Nippon Steel has issued another warning to steel users in Japan to accept steel price hikes or stable supply may not be guaranteed any more. Nippon Steel Executive Vice President Mr Takahiro Mori said “Steel prices in Japan are very low, compared with internationally. Particularly, we’ll need to urgently correct the contract prices that are settled through discussion with big users. The gap is more than you could imagine. Major overseas mills are benefiting from high steel prices in their home markets, but we don’t have that.”

    Mr Mori, referring to the company’s analysis of its relatively weaker profits, said “In the second half of the last year, we desperately cut costs and worked hard to lower breakeven points, so I don’t think the company’s costs are higher than those of major overseas players.”

    Nippon Steel President Mr Eiji Hashimoto also warned last week that the company won’t be able to take responsibility for stable supply unless unreasonably low domestic prices are corrected.

    Steel prices have soared from China to North America amid a broader commodities boom, prompting global mills to report bumper quarterly earnings. While second-half profit at Nippon Steel and its domestic peer JFE Holdings Inc. showed significant recovery, they have trailed those of major rivals such as European giant ArcelorMittal SA and South Korea’s Posco.

    Source - Strategic Research Institute
  12. forum rang 10 voda 7 juni 2021 08:13
    Ecolant to Construct Green Steel Plant at OMK Vyska

    Ecolant announced the signing of SPIC 2.0 for the construction of Russia's first green metallurgy plant. A special 20 year investment contract for the construction in Vyksa of the Nizhny Novgorod region of the Ecolant electrometallurgical complex was signed at the St. Petersburg International Economic Forum on 4 June 2021. According to the document, Ecolant LLC is implementing a large scale project using modern technologies and receiving tax incentives for income tax and property tax of organizations, as well as guarantees of stability of working conditions. Benefits will be valid for the entire period of the contract, starting from the moment the tax base arises. This is the first project in the Nizhny Novgorod region, which is being implemented using the SPIC 2.0 mechanism. Due to the scale of the metallurgical complex and the involvement of a large number of contractors and equipment suppliers, only during the period of the SPIC, the volume of tax payments will exceed 30 billion rubles.

    Ecolant is a metallurgical complex without coke-chemical and blast-furnace converters. The steel will be produced from iron ore and natural gas using the Direct Reduced Iron method. The project is a single ore steel production chain consisting of DRI, an electrometallurgical furnace and a secondary processing complex with a capacity of 1.8 million tonnes of steel per year and two continuous casting machines. This will allow three times to reduce emissions of carbon dioxide, as well as sulfur oxide into the atmosphere in comparison with the traditional converter production technology. Production is scheduled to start in 2025. The bulk of the products will be used for the production of wide sheets used in shipbuilding and for the manufacture of large-diameter pipes for the main pipelines of the Vyksa plant of the United Metallurgical Company. Ecolant will also produce billets for the production of seamless pipes for oil production and railroad wheels at the OMK plant in Vyksa.

    The total cost of the project is about 150 billion rubles. Part of the funds for the project will be provided by VEB.RF, Sberbank and Otkritie Bank within the framework of VEB.RF's Project Financing Factory.

    Source - Strategic Research Institute
  13. forum rang 10 voda 7 juni 2021 08:14
    Explosion Reported at Zarand Iranian Steel Company in Iran

    Iranian state-media reported that a large fire and a strong explosion rocked Zarand Iranian Steel Company in Zarand in Kerman Province in eastern Iran on 5 June 2021. The fire was caused by melted steel coming out of the furnace. The accident did not cause any casualties and the fire was brought under control. The fire only damaged the cables around the furnace site.

    The Zarand Iranian Steel Company is part of Middle East Mines and Mineral Industries Development Holding Company MIDHCO, which was placed under sanctions by the Trump administration earlier this year.

    A recent series of fires and explosions across Iran have raised suspicions over whether these incidents are accidents or acts of sabotage. Iran suspects the latter and blames arch-rival Israel for being behind them.

    Three days earlier, a major fire tore through the Tehran Oil Refining Company in the outskirts of the Iranian capital. Another explosion followed by a fire sank Iran’s largest naval vessel in the Sea of Oman, near it shores, on June 2. On May 23, nine people were injured in another blast at a plant producing explosive materials in central Iran, while three days later, a pipeline explosion at a petrochemical complex near Iran's Gulf coast left one dead.

    Source - Strategic Research Institute
  14. forum rang 10 voda 7 juni 2021 08:14
    Air Liquide to Build Oxygen ASU at Severstal Cherepovets

    Air Liquide and PJSC Severstal have signed a new long-term contract for the supply of oxygen to the Cherepovets Steel Works in Russia. Air Liquide is investing around 60 million euros in the construction of a fourth state-of-the-art air separation plant. With improved energy efficiency, the new installation will reduce the complex environmental impact of the site. Air Liquide will design and build a new air separation plant at the Cherepovets Steel Works, one of the world's most competitive steel production sites. The new plant will produce 1,000 tonnes of oxygen per day. This unit will become the fourth ASP installed by Air Liquide in Cherepovets.

    The installation is scheduled to start up by the end of 2023. The project will be managed by Air Liquide Severstal, a joint venture founded in 2005 by Air Liquide (75% stake) and PJSC Severstal (25% stake). Air Liquide's total oxygen production at this site will exceed 8,000 tonnes per day, making the site the largest oxygen production facility in continental Europe.

    The new ASP will significantly increase energy efficiency and reduce CO2 emissions. Under the same agreement, the companies also agreed to continue to reduce CO2 emissions from oxygen production, in line with Air Liquide's climate and sustainability commitments.

    Source - Strategic Research Institute
  15. forum rang 10 voda 7 juni 2021 08:15
    Ludhiana Hand Tools Exporters Seek Control on Steel Prices

    PTI reported that Indian engineering goods exporters in the MSME segment have sought Prime Minister Mr Narendra Modi’s intervention on rising steel prices, stating that the industry needs the alloy and other inputs at affordable rates so that export competitiveness of value added products is maintained in the global markets. Ludhiana Hand Tools Association president Mr SC Ralhan wrote to the Prime Minister “Many of the competing countries, particularly China, provide support to manufacturing units by providing steel and other inputs at much reasonable prices to boost the competitiveness of the engineering sector in the global markets. India is gradually losing out its markets to China in the value-added segment of exports and the recent growth visible in exports is largely on account of a hike in the prices of metal and commodities. A sharp decline is seen in the export trends of finished engineering goods. In the given situation, the MSME industry needs to be provided steel at reasonable prices so that the export competitiveness of value added products is maintained.”

    He cautioned that if the prices would not come under control, a large number of manufacturers would be out of business and that could result in loss of employment.

    He suggested the government consider setting up a raw material bank for MSMEs to provide steel and other key inputs to them by extending some kind of subsidy.

    Source - Strategic Research Institute
  16. forum rang 10 voda 7 juni 2021 08:16
    GMS Market Commentary on Ship Breaking in Week 22

    World's leading cash buyer of ships for recycling GMS said that “A greater degree of caution seems to have entered the market this week, both on the Cash and End Buyers sides, as some of the more bullish offerings seen over the past few months begin to gradually subside. Forward steel prices seem to suggest a decline over the summer & monsoon months and along with upcoming budgets in both Bangladesh and Pakistan, this is sure to put a damper on some of the overzealous numbers seen recently. On the far end, Turkey remains steady, however, with a weakening Lira, there are increasing fears of possible declines in levels in the coming weeks.”

    GMS said “Covid-19 continues its unstoppable surge across India and the sub-continent, as well as resurfacing virus mutations across Asia and Europe once again, as any hopes of a swift end to this pandemic saga are highly unlikely, despite the increasing rate of global vaccinations. This means crew repatriation in sub-continent locations, with certain crews not being allowed, and ‘as is’ take overs, especially in the Far East, have become increasingly challenging as borders close and restrictions increase at present.”

    GMS added “However, there are positive signs on the horizon as demand into all locations remains good, and a recent slowdown in tonnage means that fewer vessels are being offered for sale into a market that is still holding steady and the lack of supply can only mean increased demand and steady / firmer prices.”

    India/Bangladesh/Pakistan – Week 22, Unchanged WoW

    Dry Bulk – USD 500-540 per LDT

    Tankers - USD 510-550 per LDT

    Containers - USD 520-560 per LDT

    Source - Strategic Research Institute
  17. forum rang 10 voda 7 juni 2021 08:16
    Metalloinvest Signs Pact for Production of Low Carbon Hydrogen

    Russian manufacturer and supplier of iron ore products, hot briquetted iron & steel Metalloinvest, Russia’s State Atomic Energy Corporation Rosatom’s JSC Rusatom Overseas and leading producer of industrial gases Air Liquide signed a memorandum of understanding to study the possibility of organizing low carbon production of hydrogen in the frame of the XXIV St. Petersburg International Economic Forum. As part of the joint work, the parties plan to evaluate the technical and commercial aspects of a potential project for the production of environmentally friendly hydrogen for Metalloinvest factories located in Belgorod and Kursk regions. Electrolysis of water using low carbon electricity for yellow & green hydrogen and steam reforming of methane in combination with carbon capture technologies for blue hydrogen are considered as possible means for hydrogen production.

    Metalloinvest CEO Mr Nazim Efendiev said “The new metallization plant for Mikhailovsky HBI is being designed on the principles of carbon-free metallurgy with the view to completely switch to the use of hydrogen as a reducing agent. As part of the implementation of the Climate Strategy approved this year, we have begun a detailed development of Metalloinvest's Hydrogen Strategy, which foresees the production and introduction of hydrogen into the main production processes in order to achieve carbon neutrality."

    In the long term, Metalloinvest plans to completely switch to the use of hydrogen in metallization plants, and by 2025 sets itself the goal of reducing its own CO2-equivalent emissions by 6%. In 15 years, the Company’s emissions can be reduced by 77%.

    Source - Strategic Research Institute
  18. forum rang 10 voda 7 juni 2021 08:17
    Metal Container Manufacturers Seek Easier Imports of Tin Plate

    India’s Metal Container Manufacturers’ Association envisages a key role for metal packaging using prime & non prime tin plate & Tin Free Steel in future given the global focus on sustainable principles of reduce-reuse-recycle. Tin containers & cans are 100% recyclable and can form an important part of global strategy to ensure sustainability of the environment. But the INR 10,000 crore metal packaging industry in India has been under continued distress. MCMA said “While recently Metal Container Manufacturers’ Association, had received a three-month extension from Ministry of Steel for the implementation of BIS notification, but it is not sufficient. Neglecting the fact that metal packaging industry and its recycling in India is a sustainable and environmentally friendly packaging option, the government is restricting the manufacturing of such products by imposing BIS. Above and beyond in the current times Covid-19 is further creating more opportunities for packaging of food products for longer shelf life, as per retail association reports. The policy makers need to urgently look into this matter as sustainable packaging is the need of the hour and something that the industry can take advantage of the current demand and take leading position.”

    MCMA has urged the government to put on hold the implementation of Steel and steel products Quality Control Order dated 17th July, 2020 Norms. This order mandates BIS Certification on the major input required by the industry like tinplate and tin-free steel. It imposes restrictions on steel products like easy-open ends, peel off ends, which the industry imports from several foreign countries in variety of sizes.

    The association has also requested the ministry of steel to allow use of ISO certification materials in addition to BIS certified material. MCMA requested from the Ministry to allow the use of materials which are aligned to ISO. The same has been included in FSSAI order and also recommended by the Ministry of Micro, Small & Medium Enterprises.

    India’s tinplate demand is expected to grow at 4-6% and reach around 770-800 KT by 2024. Demand growth to be supported by robust growth in the processed food, dairy products, beverage, paints and aerosol segments.

    Source - Strategic Research Institute
  19. forum rang 10 voda 7 juni 2021 08:18
    Bull Moose Tube to Build HSS Sprinkler Pipe Mill in Sinton inTexas

    Caparo Bull Moose subsidiary Bull Moose Tube Company has announced plans to build a 350,000 ton per year HSS and Sprinkler pipe mill. The mill will be built on Steel Dynamics’ new Sinton Texas flat-rolled campus. BMT is partnering with SMS Group for the innovative design, automation, and implementation of the state-of-the-art mill. Company officials said they anticipate an early 2023 mill start-up.

    Bull Moose Tube President & CEO Mr Tom Modrowski said “BMT is excited to build in Sinton, Texas and partner with Steel Dynamics. The new mill will be transformational ranging in size from 4” to 14” square, 5” to 18” round, up to 80 feet in length, and thicknesses ranging from .187” to .750”. It will expand our geographic footprint and allow us to better serve customers not only in the Southwest, West Coast and Mexico markets, but across the entire business.”

    Based in Chesterfield in Missouri the company is part of the Caparo Bull Moose group. The company operates from seven plants six in the USA at Chicago Heights in Illinois, Elkhart in Indiana, Gerald in Missouri, Masury in Ohio, Trenton in Georgia and Casa Grande in Arizona and one in Canada in Burlington in Ontario. The company offers one of the largest ranges of welded steel tubing in North America. Typical applications for Bull Moose Tube include construction, transportation, fire protection, lawn and garden equipment, plus many other engineering and household products.

    Source - Strategic Research Institute
  20. forum rang 10 voda 7 juni 2021 08:18
    JCAPCPL MD Mr CV Shastry Dies of Heart Attack

    Avenue Mail reported Tata Steel & Nippon Steel JV Jamshedpur Continuous Annealing & Processing Company Pvt Ltd’s Managing Director Mr CV Shastry, 56, died of heart attack on Sunday morning. He was tested positive of Covid-19 a month ago but had recovered from it. He was at the helm of the company ever since its establishment. Soon after his death representatives of Tata Workers’ Union and other senior officials went to his house to express sorrow over the sudden demise. He left behind his father, mother, wife and a child.

    Tata Steel Limited and Nippon Steel had established a Joint Venture, Jamshedpur Continuous Annealing & Processing Company Pvt Ltd in 2012 to serve India’s growing demand for high end, automotive cold rolled steels. Continuous annealing changes the grain structure of full hard cold rolled steels through heat treatment, and improves properties such as hardness, strength and elongation. It integrates processes starting from Electrolytic cleaning, Heating, Soaking, Controlled Cooling, Over aging, Water Quenching and Skin Passing and carries them out in a single, continuous line, thus saving space and lowering order processing lead time.

    Grades: Extra Deep Drawing Steels (EDD, IF); High Strength Steels (Upto 590 MPa UTS); High Strength Low Alloy (Upto 440 MPa UTS)

    Thickness: 0.4 - 2.3 mm

    Width: 800 - 1680 mm

    Source - Strategic Research Institute
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