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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
21,570   +0,550   (+2,62%) Dagrange 21,320 - 21,670 3.168.803   Gem. (3M) 2,8M

Nieuws en info hier plaatsen (deel 4)

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35.173 Posts
Pagina: «« 1 ... 665 666 667 668 669 ... 1759 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 11 augustus 2017 16:11
    Primetals Technologies to upgrade continuous slab caster for China Steel Corporation at Kaohsiung

    In June, Primetals Technologies received an order from Taiwanese steel producer China Steel Corporation (CSC) to upgrade the continuous slab caster S6 at the company´s Kaohsiung plant. The project includes the replacement of obsolete or redundant features via the modernization of the mold and the installation of proven technology packages. The aim is to increase flexibility, product quality and to minimize breakouts. The upgrade will also consider possible additional enhancement features in future. Start-up of the modernized caster is expected in mid-2018.

    Source : Strategic Reseach Institute
  2. forum rang 10 voda 11 augustus 2017 16:12
    Proposed 10 million iron ore pellet plant in Rajasthan moving at snail’s pace

    DNA reported that the proposed INR 800 crore 10 million tonnes per annum iron ore beneficiation and pellet plant at Pur village in Bhilwara district is moving at a snail’s pace. The Rajasthan government in the year 2012 had decided as a policy to grant the mining licence of low grade iron ore in Bhilwara to the Union government’s public sector unit. After this decision, the Union ministry of mines and steel asked the Rashtriya Ispat Nigam Ltd to set up the plant and secure the mining licence. But, even after five years, the RNIL has not been able to submit its mining plan to the state government.

    The RINL has appointed consultants for all work relating to the mining of iron ore in 2013. The consultants were required to submit their report in 42 months. But the RNIL has not been able to submit its mining plan after which the environmental clearance would be required. The state mining department has sent several reminders, but the RNIL was slow in responding to it. Yet, the state government did not allot the earmarked mining area to other private steel manufacturing company.

    The estimated iron ore reserve at the Bhilwara mine is pegged at 320 million tonnes and the Rajasthan government was keen to allot one mine to the RINL.

    Source : DNA
    Bijlage:
  3. forum rang 10 voda 11 augustus 2017 16:13
    POSCO likely to overtake Hyundai Motor to become No 3 market cap status in South Korea

    Yonap reported that South Korea's top automaker Hyundai Motor Co stands to lose its No 3 status in terms of market value to surging steelmaker POSCO due to stalling stock prices stemming from lackluster earnings. According to the data by the Korea Exchange, Hyundai Motor's market capitalization stood at KWR 32.2 trillion as of Wednesday, compared with KWR 29.6 trillion for the country's leading steelmaker POSCO. Analysts said POSCO could overtake Hyundai Motor and emerge as the third-largest cap sooner or later in light of their earnings outlooks.

    The gap in the market cap of the two companies, which reached as high as KWR 10 trillion won at the start of the year, has been narrowing sharply thanks to POSCO's stellar performance this year.

    Source : Yonap
  4. forum rang 10 voda 11 augustus 2017 16:14
    JSPL to produce 8,000 tonne per day at Angul - Mr Ravi Uppal

    CNBC TV18 reported that Jindal Steel and Power's Q1 earnings came in better than estimates with the consolidated net loss narrowing while the power business outperformed. In an interview to CNBC-TV18, Mr Ravi Uppal MD & CEO of JSPL spoke about the results and his outlook for the company.

    He said that looking to reclaim INR 10,000/tonne in terms of EBITDA. He added that the newly commissioned plant at Angul is producing 5,000 tonne per day. He said that “We will try to increase its volume. In the next two-three months we will take it to the level of about 8,000 tonne a day and by early Q4 we should try to touch its full capacity of about 10,000 tonnes.”

    Mr Uppal said that all the plants are ready to deliver to its capacity, we are just waiting for demand to come about. Once it comes, we are ready to deliver.

    Speaking on Supreme Court verdict on Odisha mining case, he said JSPL has mined strictly according to permissions granted by the government. There is absolutely no penalty payable in Odisha mining case for JSPL.

    Sarda Mines (P) Ltd (SMPL) is our supplier. For the last three years, since they have suspended their supplies to us, we have been buying iron ore from the local market and we have been able to manage. Currently we are not dependent on SMPL anymore, he further mentioned.

    He said that total iron ore fully-paid inventory is around 12 million tonne (mt) and iron ore inventory at Sarda is fully paid for including all duties.

    Mr Uppal added that technically, iron ore inventory at Sarda mines belongs to JSPL and we are waiting for SC to reconfirm the decision which has been taken by the Odisha High Court and we are given to understand that this will be done in next 10 weeks.

    JSPL has a plan in place to pare debt and is also in the process of restructuring domestic and foreign debt.

    Mr Uppal said that current focus is on increasing operational profit.

    Source : CNBC TV18
    Bijlage:
  5. forum rang 10 voda 11 augustus 2017 16:15
    Tata Steel shareholders appoints Price Waterhouse as auditor

    Business Standard reported that a Tata Steel release to the stock exchanges on Wednesday said the shareholders of the company passed resolutions at the annual general meeting appointing Price Waterhouse & Co as the company’s statutory auditor and Deepak Kapoor as independent director.

    About 99.99% of the shareholders voted in favour of appointing Price Waterhouse, while 99.81% were in favour of appointing Kapoor as an independent director.

    Mr Kapoor retired from PricewaterhouseCoopers in December last year.

    Tata Steel shareholders also appointed Tata Sons chairman N Chandrasekaran as director on the board. Chandrasekaran is also chairman of Tata Steel.

    Shareholders also approved of a non-convertible debentures issue by private placement not exceeding INR 10,000 crore.

    Source : Business Standard
  6. forum rang 10 voda 11 augustus 2017 16:18
    Tata Steel India, Europe profitability to sustain in FY18 - S&P

    Economic Times reported that positive performance by Tata Steel during the first quarter of 2017-18 is on expected lines and profitability will be sustained in the current fiscal. S&P Global Ratings said that "The healthy profitability at India-based Tata Steel Ltd (BB-/stable) is in line with our expectations and supports the company's credit quality.”

    A rating of BB points to less vulnerability of default.

    The agency has put down the sustained profitability to stronger global steel prices.

    It said that "We expect Tata Steel's profitability in India and Europe to sustain for the rest of fiscal 2018, barring seasonal variations and despite potentially lower demand in India. The progress in restructuring Tata Steel's European operations and the company's new capital expenditure decisions will drive its consolidated financial health and our ratings.”

    Although the GST effect and seasonally soft steel prices may compress Ebitda further in the quarter to September 2017, the agency said it expects margins to strengthen in third and fourth quarters of 2017-18.

    Its European operations have improved over the last 4-6 quarters after the sale of its specialty steel and long product divisions both unprofitable units.

    The second half of the calendar year is seasonally weaker for European operations due to summer holidays and winter shutdowns, the rating agency said. It added that "We expect the company's European operations to generate average Ebitda per tonne of about USD 60 for fiscal 2018 and beyond."

    The agency also said it expected Tata Steel's ratio of funds from operations to debt to improve to 12-13%.

    S&P added that "These ratios support our stable outlook on the ratings on Tata Steel. We would raise our rating if the FFO-to-debt ratio nears 15 per cent sustainably.”

    It said that TATA Steel sold its stake in Tata Motors for about Rs 38 billion, boosting its liquidity during the quarter.

    The agency noted that "We expect the company to use the proceeds for the settlement payment of about GBP 550 million for Tata Steel's British pension plan as part of an overall restructuring exercise under way for its European operations.”

    Source : Economic Times
  7. forum rang 10 voda 11 augustus 2017 16:19
    Steel workers at Celsa’s Rom Ltd in Sheffield strike for a pay rise

    Socialist Party reported that no pay rise for ten years! That's why 18 steel fabricators in Sheffield are on strike for a rise. They are members of Community union and work for Rom Ltd, one of many companies owned by Spanish steel multinational Celsa. They started a two week strike on Tuesday 25 July, and have a picket rota covering two gates from 6am to 6pm. There's only agency staff working and they don't know what they are doing without the contracted workers.

    Many workers worked there for 136 years! They've never been on strike before, or not since the national steel strike in 1980.

    One worker Chris explained that when the economic crisis hit in 2007 the company said that "Don't come asking for a rise for the next two years, then another two years, etc".

    The strikers have just heard that workers at another Rom site in Newport who were going to ballot for industrial action have had an increased pay offer to 2%. They are sure it's because the bosses didn't want two sites coordinating strike action. This has only made them more determined and they will strike for another fortnight if Celsa doesn't shift.

    Source : Socialist Party
    Bijlage:
  8. forum rang 10 voda 11 augustus 2017 16:21
    RINL hit by slump, imports - Minister

    THE HANS INDIA reported that minister of State for steel Vishnu Deo Sai said in Rajya Sabha on Wednesday said sluggish market conditions and cheaper imports resulted in the losses to Visakhapatnam Steel Plant. Reduction of prices to weather cheap imports landed the company in losses, says Minister of State for steel Vishnu Deo Sai to a reply to YSRCP member Vijayasai Reddy in RS.
    He was explaining the main reasons for the difficult period the VSP is going through in a reply to a question by YSRCP member Vijayasai Reddy in Rajya Sabha.

    The minister said market conditions prompted domestic steel companies to adopt aggressive pricing strategies by way of undercutting prices to sustain sales and contain inventory levels. Vijayasai Reddy asked the minister to reveal the facts about the losses of the RINL. The member also questioned the minister about the present status of the company.

    Vishnu Deo Sai said that the effect on RINL on account of these external factors led to fall in the net sales realisation per tonne of saleable steel and pig iron by around 24% and 29% respectively from the levels prevailing in 2014-15 fiscal, which impacted sales turnover in 2015-16.

    The RINL registered around 39% of growth in saleable steel sales volume and around 5 per cent growth in turnover during 2015-16 fiscal as compared to 2014-15. However, the RINL incurred net losses of INR 1,421 in 2015-16, the minister explained. The RINL completed its capacity expansion from three million tonnes per annum (mtpa) of liquid steel to 6.3 mtpa in April, 2015. Presently, the RINL is in a consolidation phase to maximise returns from expansion units.

    Source : The Hans India
  9. forum rang 10 voda 11 augustus 2017 16:23
    Stalemate continues over PSM’s land sale price - The Express Tribune

    The Express Tribune reported that the dispute over the sale price for 594 acres of land of Pakistan Steel Mills could not be resolved as an intermediary company sought another 156 acres at PKT 13 million per acre, which was lower than the prevailing market rates. A meeting between managements of PSM and the National Industrial Parks Development and Management Company (NIP) had been convened by the Ministry of Industries to settle the price for 594 acres of land.

    NIP has acquired the land for giving it to private investors to pave the way for establishing industrial units. However, its management has already allotted the land to private parties, although the pricing issue remains unresolved.
    Advertisement

    The PSM board has approved the sale of 594 acres at a price ranging from PKR 5 million to PKR 13 million per acre, depending on the price prevailing in the year when these deals had been negotiated. Out of 594 acres, the PSM board had approved sale of 522 acres at PKM 13 million per acre. Officials of the Ministry of Industries told The Express Tribune that NIP wanted to acquire another 156 acres at the same price.

    The 156 acres could not be given at the previous year’s price as that could result in an investigation by the National Accountability Bureau (NAB), feared officials of PSM.

    Transparency International Pakistan wrote a letter to NAB last month, alleging that PSM land was illegally allotted to two of its directors, Munir K Bana and Aamir Allawala.

    NIP is acquiring the land for setting up a special economic zone where investors will enjoy tax-free status for 10 years, which is a source of attraction for big investors.

    Source : The Express Tribune
  10. forum rang 10 voda 11 augustus 2017 16:37
    BC Iron on the hunt to add to its mining portfolio

    The West reported that BC Iron boss Alwyn Vorster is still on the hunt for gold and base metals projects to add to its mining portfolio, despite missing out on a number of assets over the past year. Mr Vorster told Kalgoorlie’s Diggers and Dealers conference that BC Iron was still working on finding partners for its Pilbara iron ore and salt projects, and hoped growing demand for fertilisers across Asia would add value to the company, through its part-ownership of Pilbara potash assets.

    But he said the Kerry Stokes-backed miner was still hoping to add a gold or base metals project either a near-term development option, or an advanced exploration project — to further diversify its portfolio. He said that “It is a very, very competitive space, and we have certainly found that in the last six to nine months.”

    BC Iron bid for 20% of Gascoyne Resources’ Dalgaranga project held by an independent prospecting group, but was pipped by Gascoyne’s USD 12 million offer to move to complete control of the project.

    The former iron ore producer was also rumoured to be a bidder for Saracen Mineral Holdings’ King of the Hills project, which fell to a cash and scrip offer by Red 5 worth about USD 15.5 million.

    Mr Vorster said that “It’s been a fairly tough road to make any progress in the space. We are keeping a watching brief on the space.”

    Source : The West
    Bijlage:
  11. forum rang 10 voda 11 augustus 2017 16:39
    ThyssenKrupp would not oppose IPO of possible steel JV-CFO

    Reuters reported that ThyssenKrupp would not be opposed to a stock market listing of a steel joint venture that could emerge from ongoing talks with Tata Steel. CFO Mr Guido Kerkhoff, when asked whether ThyssenKrupp would be more reluctant than Tata Steel to list the business, told analysts "Money in is always good so don't expect us to reject an IPO.”

    He added "It is important that you do things like that, if you consider them at all, at the right time."

    Source : Reuters
  12. forum rang 10 voda 11 augustus 2017 16:41
    Georgetown steel mill to reopen very soon

    Representatives with United Steelworkers say they are confident the reopening of the Georgetown steel mill is imminent. The union held a news conference in Georgetown to announce it had finalized a labor agreement with London-based Liberty House Group to reopen the mill. Meetings recently held in Pittsburgh led to the agreement. Union officials said that they also say the closing on the sale of the mill from ArcelorMittal to Liberty Hill, which had experienced numerous delays since it was announced in April, is also expected to happen in the very near future.

    The remaining concern, according to the union, is Georgetown City Council, which could rezone the property from heavy industrial to mixed-use, thereby jeopardizing the plan to reopen the mill.

    The old steel mill opened in 1969, running 47 years before closing its doors in the summer of 2015.

    If the mill reopens, it could add up to 300 jobs back into the Georgetown economy.

    Source : WCSC
  13. forum rang 10 voda 11 augustus 2017 19:11
    Tata Steel neemt horde voor fusie ThyssenKrupp

    Gepubliceerd op 11 aug 2017 om 18:46 | Views: 143

    ArcelorMittal 17:36
    21,89 -1,04 (-4,54%)

    ThyssenKrupp 10 aug
    25,72 +0,26 (+1,01%)

    LONDEN (AFN/BLOOMBERG) - Tata Steel heeft een pensioendeal gesloten in Groot-Brittannië. Daarmee neemt het Indiase moederbedrijf van de staalfabriek in IJmuiden een belangrijke horde voor een eventuele fusie van zijn Europese staalactiviteiten met die van het Duitse ThyssenKrupp.

    Door de langverwachte regeling is Tata Steel niet meer verantwoordelijk voor de pensioenverplichtingen van vele duizenden Britse staalwerkers. Als onderdeel van de deal betaalt Tata 550 miljoen pond aan het pensioenfonds en krijgt het fonds een belang van 33 procent in de Britse activiteiten van het bedrijf.

    Tata onderhandelt al meer dan een jaar met ThyssenKrupp over een samenvoeging van hun Europese staaldivisies. ThyssenKrupp gaf echter aan dat een deal niet mogelijk kan zijn voordat de Britse pensioenkwestie was opgelost. Overigens is er veel weerstand tegen een fusie bij de werknemers van zowel ThyssenKrupp als Tata Nederland vanwege zorgen over eventueel banenverlies en sluiting van vestigingen.

    ThyssenKrupp zou inmiddels werken aan een alternatief plan voor een mogelijke fusie met Tata, waarbij het bedrijf zijn industriële activiteiten grotendeels afstoot en zich gaat focussen op zijn staalwerkzaamheden. De industriële activiteiten die afgestoten kunnen worden, behelzen onder meer de liften- en roltrappentak en het onderdeel dat technische producten levert aan de industrie.
  14. forum rang 10 voda 14 augustus 2017 16:29
    SAIL chairman charts turnaround strategy

    SAIL Chairman Mr P K Singh held a series of Communication interaction with a cross section of more than 750 employees on 12th August, 2017, at Bhilai Steel Plant of the company. Chairman personally interacted on the imperatives and challenges before the company in the present trying times before the company. Chairman clearly spelt out expectations from SAIL especially Bhilai Steel Plant collective where the ramping up of production from newly commissioned Universal Rail Mill producing World’s single longest piece of rail, is in full swing. Chairman encouraged two way flows of ideas during the interaction to ensure positive embedding of the message.

    The roadmap charted by the company in these aims to reach:
    • To set the EBITDA target for SAIL for the next two to three years.
    • Reducing procurement costs.
    • Prudent finance management to bring down finance cost
    • Focus on reducing operating cost of old and new assets and overhead costs.
    • Avenues to increase NSR.
    • Manpower utilisation optimization.
    • Focus on improved marketing, branding and distribution.
    • Ramping up of Production from the new and modernised units.
    • To complete the remaining projects at the earliest.

    Addressing the Bhilai collective, Mr. Singh told that, “Bhilai and all Plants of the Company have newer and better technologies at their disposal which must be judiciously utilized and its full potential should be realised. Market conditions are volatile and we have to adapt to them fast matching the world standards. The effort of SAIL collective is reflected in our positive operational performance but we have to push ourselves more for better results. Time is of essence and every employee has to dedicate himself towards overall improvement”

    Chairman emphasised to the collective to rediscover themselves and reorient their performance metrics to overcome the challenges to reap the growth opportunities. He emphasized on the golden prospects presented by the current expansion of Railways and that the Plant should be ready to cater to the entire demand of Indian Railways. The state-of-the-art URM, established at a cost of about Rs. 1200 Crores has taken BSP’s total capacity to produce rails at 2.0 MTPA, which will be the largest rail production capacity in any single location for a Plant world over.

    He was accompanied by SAIL’s Director (Finance) Mr. Anil Chaudhary, Director (Projects and Business Planning) Dr. G Vishwakarma and Director (Technical) Mr. Raman for the communication exercise. Similar exercises are planned across the country in all units and offices of SAIL.

    Source : Strategic Research Institute
    Bijlage:
  15. forum rang 10 voda 14 augustus 2017 16:32
    Shanghai exchange urges steel investors to act rationally

    Reuters reported that Shanghai Futures Exchange on Friday urged investors to trade "rationally" and keep the market stable, as it moved to limit intraday rebar positions and raise transaction fees. In a series of statements designed to calm volatile trading, one of China's major commodity derivatives markets said it would limit intraday positions for non-member firms and clients on rebar futures contracts for delivery in October 2017 and January 2018 to 8,000 lots from August 15.

    Hedging transactions are not affected by the limits.

    The exchange will also raise intraday transaction fees from Aug. 15 on those same contracts to 0.05 percent of the total value, from 0.01 percent previously.

    Ms Helen Lau, an analyst at Argonaut Securities in Hong Kong said that "Certainly this will help cool down the very hot futures market with futures prices rallying for either fundamental or speculative reasons.”

    But she cautioned that the impact may not last. Ms Lau said that "Going forward, if there's still money-making opportunity in trading futures for speculators or for institutions, the market will be back to life again.”

    Sources told Reuters earlier on Friday that the exchange had informed members it may raise margins on steel rebar futures contracts if turnover remains too high.

    Source : Reuters
    Bijlage:
  16. forum rang 10 voda 14 augustus 2017 16:34
    SAIL Q1 net loss widens to Rs 801.38 crore

    The steelmaker had clocked a net loss after tax of Rs 535.52 crore in the corresponding quarter of 2016-17, the company said in a BSE filing.

    Domestic steel major SAIL today saw its standalone net loss widen to Rs 801.38 crore for the June quarter owing to higher expenses.
    The steelmaker had clocked a net loss after tax of Rs 535.52 crore in the corresponding quarter of 2016-17, the company said in a BSE filing.
    Total standalone income of the Maharatna firm rose by 25.39 percent to Rs 13,072.77 crore in April-June this fiscal from Rs 10,424.95 crore during the same quarter in 2016-17. Its total expenses rose by 27.03 percent to Rs 14,349.89 crore in the quarter under review as against 11,296.16 crore in the year-ago period.
    Shares of the company closed at Rs 56.55 apiece on the BSE, down 3.99 percent over the previous close.

    www.moneycontrol.com/news/business/ea...
  17. forum rang 10 voda 14 augustus 2017 16:36
    NMDC Nagarnar steel plant should start by Dec’17 - Parliament panel

    Monetcontrol reported that taking note of delay in setting up of a 3-million tonne steel plant by the state run National Mineral Development Corporation in Chhattisgarh, a parliamentary panel has asked the Ministry of Steel to get cracking and ensure the job is done by December. The standing committee on coal and steel chaired by Rakesh Singh said in its latest report tabled in Parliament "The project was anticipated to be completed by May 2015. The revised anticipated completion has been shifted to December 2017.”

    According to the report, the committee was dismayed that revised capital expenditure is still under the process of finalisation despite approved capital outlay of Rs 15,525 crore.

    It called on the ministry to take remedial steps to make sure there is no further delay in completion of the project.

    The panel has also asked for progress status, with only four months away from the target.

    It sought information on the money spent on the project since its inception and the cost overrun till date.

    Source : Monetcontrol
  18. forum rang 10 voda 14 augustus 2017 16:38
    Indian Navy team impressed with quality of rolling of steel plates at SAIL RSP

    PTI reported that a high level team from Indian Navy has expressed satisfaction over the quality of rolling of DMR-249 A grade plates through a new heat treatment line in Steel Authority of India Limited’s Rourkela Steel Plant. The team comprising Commodore Amit Rastogi, Additional Director General of Quality Assurance (Naval), New Delhi, and senior officers visited RSP recently for final inspection of the plates before dispatch.

    The team visited various production and rolling facilities as well as the Special Plate Plant (SPP) to witness the technical input of the crucial process of steel making and the heat treatment of DMR-249A grade plates through the New Heat Treatment Line, they said.

    The use of laser technology adopted by SPP on the various aspects of inspection such as surface quality, flatness & waviness of the plates was well appreciated by the team during the final inspection, they said.

    It is worth mentioning here that earlier the steel making and plate rolling for this grade of plates used to be made in Bhilai Steel Plant. The plates were then heat treated at Special Plate Plant of RSP. However, after the latest phase of modernisation at Rourkela, the entire process right from steel making to heat treatment can now be carried out in RSP.

    Source : PTI
    Bijlage:
  19. forum rang 10 voda 14 augustus 2017 16:39
    Indian government spending to drive steel demand

    Business Standard reported that after a subdued trend so far this financial year, the country’s steel consumption is likely to rise in the coming months with increase in public sector spending especially in roads, power, water and gas pipeline projects. Data compiled by the Joint Plant Committee of the steel ministry shows consumption at 26.2 million tonnes in April to July (first four months of this financial year), a marginal 0.5% increase over the same period last year. Crude steel production at 31.8 million tonne was five per cent higher.

    Anticipating the trend, primary steel producers have raised their product prices by INR 3,000 a tonne, effective August. This reversal in consumption trend assumes significance in terms of government spending, which would drive all round growth in this and allied sectors.

    Steel major JSW said in an analyst presentation available on the BSE website said that “Steel demand is improving with increasing public sector spending, as reflected in increased activity in sectors like roads, power transmission and distribution, solar energy, earthmoving equipment, pre-engineered buildings, water and gas pipelines. Although, sluggish private capital expenditure remains a concern.”

    A CARE Ratings study reported the prices of cold rolled coil and hot rolled coil in July stood at INR 44,052 a tonne and INR 41,656 a tonne respectively. These were up by INR 929-1,580 a tonne from June, a sequential rise after five months. In January, the prices had increased by INR 2,250-2,350 a tonne on a monthly basis.

    Source : Business Standard
    Bijlage:
  20. forum rang 10 voda 14 augustus 2017 16:41
    Ijmuiden revamp project awarded to Danieli
    Published August 11, 2017 by Matthew Moggridge

    In a move to further strengthen its position among automotive market suppliers over the coming years, Tata Steel Europe has announced plans for a major revamp of its Hot Dip Galvanising Line 2 at Ijmuiden in the Netherlands.

    The steelmaker has taken on Italian plant builder Danieli to perform a 'multi-phase revamp' that will boost a new production capacity of 460kt/yr for coated steel and a new product mix focused on higher-value steel grades.

    The contract includes design, equipment manufacturing, installation and commissioning activities for a major furnace upgrade, new automation and optimisation of the entry and exit sections.

    The furnace section of the line will be extended by installing an additional free-flame zone and radiant tubes, in order to add extra thermal power capability for the increased in production capacity.

    According to Danieli, a completely rebuilt gas jet cooling section will mean 'extremely high cooling rates and improved uniformity for strip temperature at the exit of the section'. It will also optimise the dynamic response of the furnace during transitions between different coils, both in terms of steel grades and strip sizes.

    Electrical and automation systems will be replaced and redeveloped by Danieli Automation based on advanced automation system controllers designed to integrate existing and new equipment in a uniform automation platform.
    Danieli claims that this investment will 'further strengthen Tata’s leading position among automotive market suppliers in the years ahead.'

    www.steeltimesint.com/news/view/ijmui...
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