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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
23,990   +0,080   (+0,33%) Dagrange 23,540 - 24,160 1.720.391   Gem. (3M) 2,3M

Nieuws en info hier plaatsen (deel 4)

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35.173 Posts
Pagina: «« 1 ... 1649 1650 1651 1652 1653 ... 1759 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 16 december 2022 07:31
    RINL Inaugurates Coking Coal Handling Plant for COB 5

    Strategic Research Institute
    Published on :
    16 Dec, 2022, 6:23 am

    Rashtriya Ispat Nigam limited has inaugurated additional coal storage capacity facilities & Raw Material Handling Plant complex at Visakhapatnam steel plant. The new complex for Coke Oven Battery 5 includes 3 stacker-cum reclaimers and RMHP coal complex building. The unloading and stacking circuits are rated at 850 tonnes per hour and the reclaiming circuit is rated at 550 tonnes per hour.

    With this inauguration, the storage capacity of various grades of coal in the coking coal storage yard, are now enhanced by 150,000 tonnes.

    The complex has future provision for Coke Oven Battery 6, consisting of 3 stacker-cum reclaimers & two streams of conveyors, which will later cater to cob-6 coal requirements also.
  2. forum rang 10 voda 16 december 2022 07:32
    4 Injured in Accident at Vedanta’s ESL Steel plant in Bokaro

    Strategic Research Institute
    Published on :
    16 Dec, 2022, 6:23 am

    Business Standard reported that four workers associated with Vedanta Group’s Electrosteel Steel were injured due to a fire incident at its plant in Jharkhand's Bokaro district and are admitted in Bokaro General Hospital. The report quoted a company official as saying that “There was a fire incident around 10:30 AM in MRSS Substation caused by flashover. Four workers of LB Engineering team suffered burn injuries. The injured workers were doing maintenance work when the incident occurred. They were taken to BGH for treatment.”

    The condition of one of the four is stated to be critical as he suffered an 80% burn injury

    In September last year, three employees of ThyssenKrupp Elevator died in an accident at the ESL Steel Ltd plant in Bokaro, while carrying out maintenance work.

    The Greenfield integrated manufacturing facility, set up by ESL Steel, has a capacity of 2.5 million tonne per annum. Its products range from pig iron, billets and TMT bars to wire rods and ductile iron pipes.
  3. forum rang 10 voda 16 december 2022 07:32
    Tata Steel UK to Regulate Plants to Support Peak Energy Demand

    Strategic Research Institute
    Published on :
    16 Dec, 2022, 6:24 am

    Tata Steel UK announced that it will be voluntarily slowing or pausing some of its UK operations for hours at a time on particularly cold evenings to help energy companies satisfy periods of high consumer demand this winter.

    While maintaining its service to customers, Port Talbot site is likely pausing its Sinter plant hot and cold rolling mills for some hours during the coldest spells this winter, while maximizing the output of its on-site power plant

    While maintaining its service to customers, the world class packaging steels business at Trostre in Llanelli is likely to be pausing its ‘Five Stand’ cold rolling mill and Double Reduction mill as well as reducing the highest loads on its electro-tinning lines for short periods during the coldest spells this winter.

    While maintaining its service to customers, the world class automotive business at Llanwern in Newport is likely to be pausing its cold rolling and pickling lines for some hours during the coldest spells this winter.

    While maintaining its service to customers, the world class tubes business at Corby in Northamptonshire is likely to be pausing its hot and cold formed tube lines for some hours during the coldest spells this winter.

    Tata Steel UK also said the Port Talbot steelworks, which has its own power generating capacity through the use of its on-site process gases, may even be able to export electricity to the grid during these periods.

    In an arrangement called ‘Load Management’, Tata Steel responds to prices (which change hourly for electricity) and turns down or turns off some energy-intensive production lines such as rolling mills and coating lines, during peak periods.

    The Port Talbot steelworks is currently around 81% self-sufficient for gas and 63% self-sufficient in electricity generated at its on-site power plant.
  4. forum rang 10 voda 16 december 2022 07:33
    Klöckner & Co Supplies Green Steel to Siemens

    Strategic Research Institute
    Published on :
    16 Dec, 2022, 6:25 am

    Duisburg Germany headquartered leading European steel processor & distributor Klöckner & Co has handed over an initial tranche of CO2-reduced steel to Siemens. In total, the company has delivered around 40 tonn3s of green steel to two Siemens plants in Frankfurt and Cham in Germany through its subsidiary Becker Stahl-Service. Official handover of the first batches took place at Siemens subsidiary Alpha Verteilertechnik in Cham.

    The steel in question is galvanized sheet steel that Siemens Smart Infrastructure will test in the manufacture of switchgear and power distribution systems. The steel products supplied fall within the two most sustainable categories PRO & and PRIME in the Nexigen categorization for green steel developed by Klöckner & Co. This means that CO2 emissions during production were over 80% lower compared with conventional steel production.

    Becker Stahl-Service is one of the largest service centers in Europe in the flat steel sector, supplying customers with wide band, slit strip, rectangular plates, blanks and trapezoid blanks of the highest quality. The company takes an active part in shaping the path to a sustainable steel industry.

    Building sustainable business models is a central part of Klöckner & Co’s strategy. Under Nexigen, the company offers transparent, CO2-reduced solutions in the areas of materials, operations and logistics. In this way, Klöckner & Co ensures complete transparency for its customers regarding their CO2footprint from raw material extraction to production. Combining this with a comprehensive range of logistics and circularity solutions as well as Sustainable Advisory Services, Klöckner & Co supports its customers in building sustainable supply chains.

    Both Klöckner & Co and Siemens have set themselves ambitious sustainability targets. To this end, the two companies intend to expand their cooperation. One of the aims of the partnership is to open up access to larger quantities of green steel for Siemens.
  5. forum rang 10 voda 16 december 2022 07:33
    SAIL Announces Senior Level Appointments in CMO

    Strategic Research Institute
    Published on :
    16 Dec, 2022, 6:25 am

    India’s leading state owned steelmaker Steel Authority of India Limited has announced changes in senior level in Central Marketing Organization

    Central Marketing Organization’s International Trade Division’s CGM Ms Rashmi Singh is appointed as CGM of Coal Import Group in New Delhi’s Corporate Office

    Central Marketing Organization’s SRM Bhilai CGM (Sales) Mr Neeraj Mittal is appointed as CGM of CMO’s International Trade Division in New Delhi

    Central Marketing Organization’s Commercial Directorate CGM Mr Tushar Kant is appointed as SRM Bhilai

    Central Marketing Organization’s Railway Group GM (Sales) Mr R Natesh Sai is appointed as GM Commercial Directorate in New Delhi

    Central Marketing Organization’s CGM L&O Mr N Arvind is appointed as CGM Operations of T&S and L&l in Kolkata Head Quarter of Central Marketing Organization.
  6. forum rang 10 voda 16 december 2022 07:34
    Tata Steel Selects Danieli for SBQ Mill Project in Jamshedpur

    Strategic Research Institute
    Published on :
    16 Dec, 2022, 6:26 am

    Tata Steel Long Products has awarded Danieli with the order for a new 500,000 tonnes per year SBQ bar and wire rod mill to be installed in Jamshedpur –East Singhbhum district of Jharkhand in India. The new mill will roll 150x150, 200x200 and 240x200 square billets into finished 20-90 mm dia round bars and wirerod from 5.5 to 25 mm dia. The investment will enable Tata Steel Long Products to broaden the Tata Steel product portfolio.

    The bar mill will consist of a reversible stand followed by 12 housingless stands arranged in H-V configuration, a cooling bed equipped with hardness control by insulated covers and complete bar finishing services.

    The wirerod line will feature an 8-pass finishing block and a Twin-Module Block -TMB followed by controlled cooling conveyor and V+H coil handing system.

    The high-tech equipment will be manufactured at Danieli quality workshops in Buttrio in Italy and Sri City near Chennai in India.

    Tata Steel Long Products mill will be the 24th Danieli rolling mill in India, and 145th for special bar quality in the world, out of total 573 rolling mills supplied since 1914.
  7. forum rang 10 voda 16 december 2022 07:35
    German WV Stahl Seeks Guidelines for G7 Climate Policy Alliance

    Strategic Research Institute
    Published on :
    16 Dec, 2022, 6:27 am

    German Steel Association WV Stahl President Mr Hans Jürgen Kerkhoff said “With the agreement between the seven largest industrial nations for a joint alliance on climate protection, the Federal Government has achieved an important goal during its G7 Presidency. Now it is important that Federal Chancellor Olaf Scholz and Federal Minister of Economics Robert Habeck give the climate club further dynamism. We need these international efforts to coordinate action on climate protection and defuse possible trade conflicts. From the steel industry's point of view, it is particularly important that Allianz focuses particularly on the creation of green lead markets.”

    Mr Kerkhoff added “Markets for climate-neutral raw materials are a central prerequisite for the industrial transformation towards a climate-neutral economy. In order for them to arise, a broad common understanding of what is meant by green steel, for example, is required. The steel industry has drawn up a proposal for this and hopes that it will soon be taken up in the Climate Club. To this end, we are counting on the support of the Federal Government.”

    After the G7 had agreed at the summit meeting in Elmau in June 2022 on the initiative of Federal Chancellor Olaf Scholz to work towards the establishment of a climate club by the end of the year, a statute was presented on 12 December. This is coordinated between the G7 states and serves as a guideline for future climate alliance for further work.

    Consultation is currently underway on the long-awaited draft of the funding guideline for climate protection contracts in Europe, which will reduce companies' additional costs for CO2-low-production processes, should be compensated.
  8. forum rang 10 voda 16 december 2022 07:46
    India withdraws HRC quotes on market surge expectations
    706 Views

    Following last week’s deals in Europe, Indian hot rolled coil producers have withdrawn their existing quotes from the market. Mills are now mulling hiking their export quotes after concluding multiple deals and satisfying their export appetite, sources inform Kallanish.

    Mid through last week, Indian structural grade HRC offers to Europe were heard at $635-640/tonne cfr Italy and $640-645/t cfr Antwerp. Multiple deals were heard concluding last week in the range of $638-645/t cfr Spain and Antwerp. No firm offers were heard this Wednesday, but market participants expect the new prices to hover at around $650-660/t cfr Antwerp.

    “Following the hike in prices by China and other origins, coupled with good demand from Europe right ahead of winter holidays has stimulated Indian mills to hike their offers,” says a trading source. “These bookings in Europe along with the recent deals in the Gulf Cooperation Council, Turkey and Vietnam have almost exhausted India’s export allocations for January shipments and, owing to this, steelmakers are hesitant to roll out the same numbers for their next offer.”

    Meanwhile in the GCC, following the late-November and early-December bookings by Indian mills, current indications for Indian structural grade HRC are noted at $625-630/t cfr GCC, up by $10-15/t on-week. Buyers, however, have halted their purchases and prefer to wait till Europe goes on its winter break. No bookings for Indian material were done this week.

    “The buyers have already started resisting the new price indications by the Indian mills,” a source informs. “Buyers who do not have urgent requirements have postponed their purchases to the last week of December … on the strong belief that India will reduce their quotes after the European holidays.”

    Kallanish assessed Indian HRC export offers at $590-600/t fob India.

    Offer indications to Vietnam are heard at around $600-610/t cfr Vietnam from India’s east coast. A few sources also inform of hearing offers at $620-625/t cfr Vietnam from the Indian west coast.

    Meanwhile, offers for E250 grade HRC in the Indian domestic market were noted at INR 53,000-54,000/t ex-Mumbai. Domestic buyers fear prices surging on the back of sentiment developing in the export market. Import offers from Vietnam meanwhile rose marginally to $600-605/t cfr India.

    Despite Indian mills’ expectations of a price hike, the majority of buyers feel prices will come down. Sources opine crude oil prices have come down, coking coal and iron ore are not aggressively high and, because of this, there are no supporting elements available for the HRC price hike.

    Moreover, China will try to accelerate its exports as Chinese domestic steel consumption has come down on the back of surging Covid cases. This will further soften global sentiment.

    Sayed Aameer India
  9. forum rang 10 voda 19 december 2022 09:24
    SEAC Recommends Closure of Orange Steel at Cuncolim in Goa

    Strategic Research Institute
    Published on :
    19 Dec, 2022, 5:28 am

    Goemkarponn reported that Goa’s State Expert Appraisal Committee at the 16th meeting of SEA held on 14 December at Panaji has recommended the closure of Orange Fox Steel Private Limited unit at Cuncolim Industrial Estate for causing massive air pollution and operating in violation of MoEFCC rules.

    As per the minutes of the meeting “The Committee inspected the site on 30 November. During the Site Inspection, the Committee observed that the respective Project Proponent, Orange Fox Steel, has not obtained prior Environment Clearance and also, the steel industry is operational without even installation of the proper chimney as of today, which causes massive air pollution.”

    Further “In the context of the above, the Committee unanimously decided to recommend to the Goa State Environment Impact Assessment Authority for immediate closure of the unit
  10. forum rang 10 voda 19 december 2022 09:25
    EU State Aid Framework Thwarts Relief for German Steel Industry

    Strategic Research Institute
    Published on :
    19 Dec, 2022, 5:29 am

    German steel association WV Stahl President Hans Jürgen Kerkhoff said “The planned capping of electricity and gas prices would be an important first step towards bridging the acute crisis for the steel industry and the steel-based value chains based on it. However, the implementation of this measure for energy-intensive industries such as the steel industry is massively thwarted by the EU Commission's state aid requirements. Therefore, the European crisis state aid framework urgently needs to be revised and on this basis the laws on electricity and gas price brakes should be tackled again. The aim must be to preserve energy-intensive industries and industrial value and supply chains and to avert lasting damage to the industrial base.”

    The energy price brakes adopted by the Bundestag would still have to be approved by the Bundesrat for them to come into force.
  11. forum rang 10 voda 19 december 2022 09:26
    Tata Steel Completes Controlled Demolition of Obsolete Coke Ovens

    Strategic Research Institute
    Published on :
    19 Dec, 2022, 5:31 am

    Tata Steel has successfully executed the implosion of two obsolete Coke Plant facilities, Battery 6 Chimney and a Coal Tower, at its Jamshedpur Works under controlled conditions. Today's implosions mark the completion of the dismantling process of obsolete high-rise facilities at the Coke Plant in Jamshedpur Works, which has many firsts to its credit. In a first-of-its-kind engineering process in the world, Tata Steel carried out these implosion activities in an operating steel plant, involving mega structures, tallest in India.

    The first implosion of a Model Repair Shop of 12-meter height was executed on 4 September 2022, to establish the safe operating procedure inside an operational plant and on 27 November 2022, the Company successfully executed the implosion of an obsolete 110-metre-tall chimney Battery 5 Chimney at the Coke Plant. Now, another concrete Chimney of 110-meter height of Battery 6 Chimney along with a 48-meter-tall Coal Tower were dismantled as planned in a safe and environment-friendly way. The implosions were carried out with the help of the contract partner, Edifice Engineering India, and supported by Jet Demolition South Africa.

    The controlled implosion of the 110-metre-tall chimneys were executed using a mechanical hinge, enabling the structure to fall in one direction with zero degrees of deviation. ‘Water curtains’ were used to control dust and ‘trenches with berms’ were deployed to absorb vibration. Also, the use of ‘Steel wires mesh’ prevented the debris from getting scattered. The concrete debris generated out of these implosions will be recycled and used in Plain Cement Concrete, wall and road construction. Drones were deployed to improve visibility and help identify the hazards by reaching inaccessible areas and to survey the surrounding areas during implosion. Tata Steel continues to deploy industry-leading solutions and champion the sustainability discourse.

    Tata Steel is replacing the existing Coke Oven Batteries 5, 6 and 7 with combined capacity of 1 million tonnes per annum with new Coke Oven Batteries 6A and 6B with combined capacity of 1million tonnes per annum in Jamshedpur, with the latest technology and higher energy efficiency.
  12. forum rang 10 voda 19 december 2022 09:28
    Group Five Pipe to Supply Steel Pipes for Water Pipe Lin in Saudi

    Strategic Research Institute
    Published on :
    19 Dec, 2022, 5:32 am

    Group Five Pipe Saudi has signed a contract for the manufacture and supply of spiral-welded carbon steel pipes for water uses for the construction of the water pipeline from Briman reservoirs to Quwaiza reservoirs, including the lifting station in Jeddah, at a value of SAR 73.6 million, including VAT.

    The contract has a term of 894 days from the signing date, and is expected to be complete before the end of Q2 of 2025

    Dammam based G5PS is the leading spiral pipe providers in the Middle East and it is based on the Kingdom of Saudi Arabia. It has five production lines that have an annual capacity to 500,000 tonnes of pipe productions.
  13. forum rang 10 voda 19 december 2022 09:28
    ANDRITZ to Supply Pickling Line to Ternium in Mexico

    Strategic Research Institute
    Published on :
    19 Dec, 2022, 5:34 am

    International technology group ANDRITZ has received an order from Ternium in Pesquería near Monterrey in Nuevo León in Mexico to supply a new high-end push pickling line, designed for advanced high-strength steel grades. The new line will have an annual capacity of 550,000 tonnes and will be used mainly for the automotive and home appliance industry. Start-up is scheduled for mid-2024.

    ANDRITZ scope of supply comprises the complete mechanical strip transport equipment with high precision leveler for PPL, complete automation packages Level 1 & Level 2. The high-end processing line is equipped with the latest ANDRITZ process technology, including high-turbulence hydrochloric acid pickling, compact rinsing and drying sections specially designed for push pickling lines.

    Main features

    1. Push pickling line capable to process extra wide strips

    2. High precision leveler for best possible flatness correction

    3. Polypropylene pickling and rinsing tank for easy installation and maintenance according to the latest ANDRITZ technology

    4. Specially designed compact edge blower and dryer

    Ternium Industrial Center, in Pesqueria, is one of the most modern industrial complexes in the world. This facility in northeastern Mexico began operations in 2013. This push pickling line is part of Ternium’s newest investments for its development plans in the Americas

    The investment program consists of a new cold rolling mill, a hot-dip galvanizing line, a push-pull pickling line and new finishing lines with total capital investment of approximately USD 1 billion. Ternium's expected start-up of operations is in the first half of 2024.
  14. forum rang 10 voda 19 december 2022 09:30
    EBRD to Provide USD 100 Million Loan to ArcelorMittal Kryvyi Rih

    Strategic Research Institute
    Published on :
    19 Dec, 2022, 5:35 am

    The European Bank for Reconstruction and Development will provide a USD 100-million loan to Dnepropetrovsk region based Ukrainian steel giant ArcelorMittal Kryvyi Rih to help finance the company's working capital needs. EBRD said "The loan will be used for financing of the working capital needs of the company to ensure the continuity of operations in Ukraine.”

    The EBRD provided financing to ArcelorMittal Kryvyi Rih in 2017 and developed a comprehensive Environmental and Social Action Plan and has been monitoring the implementation of the ESAP and has undertaken monitoring visits to the company in recent years.

    A key aspect of the ongoing investment program is to upgrade the sinter plant, and this investment process is ongoing, with work on sinter lines in place as well as air abatement facilities. However, some of the investments planned for 2022-2023 have been delayed.
    Bijlage:
  15. forum rang 10 voda 19 december 2022 09:31
    CCI Raids Several Steelmakers over Rebar Price Collusion

    Strategic Research Institute
    Published on :
    19 Dec, 2022, 5:36 am

    Reuters reported that India’s antitrust watchdog the Competition Commission of India has raided offices of steel makers including Rungta Steel and Shyam Steel for alleged price collusion of steel rebars. Competition Commission of India officials conducted searches in Bengal, Punjab, Tamil Nadu and New Delhi on 17 December. In all around eight to nine offices of steel companies were searched, though names of other firms raided are not immediately clear.

    The CCI’s raid operations typically see federal agents collecting documents and data for further investigation into antitrust case.
  16. forum rang 10 voda 19 december 2022 09:31
    Metinvest Appeals to EU to close Loopholes in Russian Sanctions

    Strategic Research Institute
    Published on :
    19 Dec, 2022, 5:37 am

    Ukraine’s leading steelmaker Metinvest’s CEO Mr Yuriy Ryzhenkov `in an interview to the leading Italian newspaper Corriere della Sera has appealed to the European Union to strengthen sanctions on Russian steel. Mr Ryzhenkov told “Leaving loopholes, you are actually putting at a disadvantage bona fide European producers who do not want to sponsor aggression. The EU is putting at a disadvantage its players who want to support Ukraine. Therefore, we believe that it would be better if this loophole was eliminated.”

    He told “In terms of market share, they have a difficult situation. There is the eighth package of sanctions imposed by the EU against Russia in October, including a ban on the supply of steel products to the EU. But, unfortunately, there is a loophole there, which gives a two-year delay to many Russian manufacturers for the import of Russian semi-finished products to the European Union.”

    He also said “European importers who buy semi-finished products at very low prices have an advantage over other manufacturers in the European Union who refuse to buy from Russians. Thus, the latter, including Metinvest's plants in Italy and the UK, are at a disadvantage. This is an unpleasant situation. Russia is unfairly taking away market shares of more prudent producers, such as Metinvest and other European producers, who refuse to buy from Russians because of their unwillingness to sponsor the Russian economy. I hope this sanctions loophole will be closed in the next two packages.”
  17. forum rang 10 voda 19 december 2022 09:32
    POSCO Resumes HSM 2 Operations at Pohang Plant

    Strategic Research Institute
    Published on :
    19 Dec, 2022, 5:38 am

    South Korean steelmaker POSCO has resumed operations at Hot Strip Mill No 2 in Pohang after a three-month-long suspension due to a typhoon, bringing the number of normalized plants to 13 out of 18 plants following the natural disaster. HSM 2 processes 5 million tonnes or 33% of 14.8 million tonnes of steel products at Pohan plant.

    POSCO plans to bring the remaining five plants, including the No 1 and No 2 cold-rolled stainless steel mills and the No 1 electrical steel mill, back to normal by the end of January.
  18. forum rang 10 voda 19 december 2022 09:32
    EUROFER Warns over Risk for EUR 45 Billion Steel Exports

    Strategic Research Institute
    Published on :
    19 Dec, 2022, 5:39 am

    The European Commission has welcomed the provisional agreement reached with the European Parliament and Council to strengthen the EU Emissions Trading System, apply emissions trading to new sectors for effective economy-wide climate action, and establish a Social Climate Fund. This deal is a fundamental step towards reaching the EU's commitment to reduce net greenhouse gas emissions by at least 55% by 2030. At the same time the Social Climate Fund will help to ensure that the transition is fair.

    Against the backdrop of Russia's invasion of Ukraine, this agreement shows once again the EU's determination to become climate neutral by 2050, transform our economy and society, leave nobody behind, and ensure our energy security. To complement the substantial spending on climate in the EU budget, Member States will spend the entirety of their emissions trading revenues on climate and energy-related projects and to address social aspects of the transition.

    The EU ETS puts a price on CO2 and lowers the permitted level of emissions every year in sectors including power and heat generation, energy-intensive industrial sectors and commercial aviation. Today's agreement will reduce emissions from the EU ETS sectors by 62% by 2030, compared to 2005 levels. This represents a substantial increase of 19 percentage points compared to the 43% reduction under the existing legislation. The speed of annual emission reductions will also increase, from 2.2% per year under the current system to 4.3% from 2024 to 2027 and 4.4% from 2028. The Market Stability Reserve, which stabilises the carbon market by removing surplus allowances, will be strengthened. The agreement will gradually phase out free emission allowances to certain enterprises and phase in the Carbon Border Adjustment Mechanism between 2026 and 2034 for the sectors covered. This follows the provisional deal reached on CBAM by European co-legislators on 13 December.

    The deal also includes shipping emissions in the EU ETS, making the EU the first jurisdiction to put an explicit carbon price on emissions from the maritime sector.

    European Steel Association EUROFER Director General Axel Eggert has warned that “We are highly concerned by the lack of a concrete solution to counter carbon leakage risk on export markets, while a pre-defined free allocation phase-out trajectory is set at this stage. If no concrete solution is found by 2026, EUR 45 billion steel exports are at existential threat, due to the exponentially increasing carbon price in the EU that has no equivalent in the domestic markets of our major trading partners. It is essential that EU institutions revert to this issue as soon as possible in the foreseen review process to deliver an effective measure.”
  19. forum rang 10 voda 19 december 2022 13:25
    Jindal Shadeed advances flats project commissioning: interview
    797 Views

    Jindal Shadeed Iron & Steel Oman LLC (JSIS) has advanced commissioning of its 5 million tonne/year flats green steel investment to 2026 from 2030, Kallanish learns from an exclusive interview with JSIS chief executive Harssha Shetty. For its current steelworks in Sohar where 2.5m t/y of longs is produced, the company is working with Hydrogen Rise of Germany to start production of its first green steel, in a smaller scale of slightly less than 100,000 t/y, at the latest by 2025. The current technology in Sohar allows up to 18% green hydrogen to be used and with some modification this can be expanded to 30%.

    JSIS has applied to the government for a land allocation of more than 100 square kilometres for a solar farm near to its Sohar facility. The company is also prepared to expand its direct reduced iron production from 1.8mt to 2mt in the 2023 fiscal year following technological upgrades, notes Kallanish.

    "Gulf Cooperation Council imported nearly 4.5 million tonnes of flat steel out of a demand of 7.3mt in 2021. By 2030 the demand is expected to increase to 11.5mt. The demand can easily absorb the investments in flats and I do not see stress on the demand and supply balance," Shetty says.

    "We are the largest steel family in India and our track record of new projects has been commissioned always on time. We are building a green hydrogen ready steel plant in Duqm-Oman. We are assessing to complete not only the first phase but all phases by 2026. And our investment into flats green steel will cater to global markets. Moreover, green steel into Europe will be incentivised following recent agreement EU reached on CBA [carbon border adjustment] ", Shetty observes.

    "We want to complete our 5mt flats green steel investment in Duqm. While we will be waiting for the green hydrogen, we signed a natural gas allocation agreement with the government for 59 mmbtu on 4 December for the plant to start operations. We expect by 2026 green hydrogen supply will partly start and there will be a transition from 100% natural gas to 100% green hydrogen," he adds.

    "Our sales volume in 2022 is higher than 2021 and exact figures will come out by the end of the current year. Despite Fed's rate hikes, US economy has been rock solid. China with 1 billion tonnes steel production and consumption, is coming out of the Covid restrictions. That is going to be a major driver in demand. We expect a fast recovery in demand in 2023 despite concerns in Europe. The elasticity in production is lesser than elasticity in demand. That is what our experience has been in terms of post covid in large economies, large demand setters. Also, second largest steel consumer India, which is over 120mt, sees healthy steel demand. There are a lot of projects yet to be announced in India. In the Middle East, in the past one month, we started to see positive sentiments. Most of our customers are seeing good demand for the coming six months and they [customers] do not have a concern of demand for the coming six months. The only concern is how the price will move. Beyond six months I don't have the visibility yet," concluded Shetty in an answer to Kallanish's questions.

    Burak Odabasi Turkey
  20. forum rang 10 voda 20 december 2022 08:41
    Schnitzer Steel Q1 Performance Impacted by Shredder Outage

    Strategic Research Institute
    Published on :
    20 Dec, 2022, 5:14 am

    US’s leading steel recycler Schnitzer Steel Industries has reported adjusted EBITDA in the range of USD 6-8 million and adjusted EBITDA per ferrous ton in the range of USD 8-10 for 2023 first quarter ended 30 November 2022. Schnitzer Steel said “Demand weakened throughout the quarter, influenced by macro concerns globally, including slower growth, the impact of China’s COVID lockdowns, inflationary pressures, the strength of the US Dollar, and steel inventory destocking.”

    Schnitzer Steel Chairman & Chief Executive Officer Ms Tamara Lundgren said “Our first quarter results were impacted by an extended shredder outage at our Everett facility and a regulatory issue limiting operations at our shredder facility in California, both of which were resolved by mid-November. These disruptions, together with tight supply flows from the lower price environment and weaker economic activity, resulted in significantly lower sequential ferrous sales volumes. Since the end of the quarter, however, we have seen a strengthening in sales prices and demand for recycled metals in both the export and domestic markets. With the operational disruptions now behind us, we are expecting significant improvement in our second quarter results.”

    Ms Lundgren continued “Looking beyond current market conditions, we believe the structural demand for recycled metals remains positive, supported by the transition to low carbon technologies, the increased focus on decarbonization, and the expected funding related to the Infrastructure Investment and Jobs Act and the Inflation Reduction Act, including Buy Clean provisions.”
35.173 Posts
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ArcelorMittal slaat opnieuw alarm: China dumpt vrolijk verder

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ArcelorMittal Nieuws

  1. Mondiale staalproductie licht gestegen
  2. Citi verhoogt koersdoel ArcelorMittal
  3. Bank of America zet ArcelorMittal op de kooplijst
  4. Europese beurzen weten in het laatste uur de verliezen te beperken
  5. Europese beurzen sluiten diep in het rood
  6. Adyen gebeten hond in drukke cijferweek
  7. Trumprally, dollareffect en staal: dit zijn de opvallendste stijgers en dalers deze week
  8. Na Trump eist nu Powell de hoofdrol op, tussen al het cijfergeweld door
  9. Winstgevendheid ArcelorMittal onder druk in derde kwartaal
  10. Winstval ArcelorMittal verwacht