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voda 7 juni 2019 16:03

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Government of Samara Region & MMK To Build Logistics Centre In Togliatti

Magnitogorsk Iron and Steel Works and the government of the Samara Region have agreed to build a production and logistics centre in Togliatti. Investments in the facility will reach RUB 1.2 billion. The agreement was signed during the St. Petersburg International Economic Forum. The Governor of the Samara Region Dmitry Azarov, Chairman of the Board of Directors of MMK Victor Rashnikov and MMK CEO Pavel Shilyaev were all present at the signing of the agreement.

Construction of the centre is planned to start at the end of this year and due to be completed in the first quarter of 2021. It will be able to accommodate up to 150,000 tonnes of steel products at any one given time. The centre will fully meet the automotive industry’s needs for the supply of MMK's high-quality rolled products and will consolidate the Company's leading position in the automotive industry’s metal market.

MMK CE Mr Pavel Shilyaev said "The Samara Region is a long-standing and reliable partner of MMK. MMK's modern, innovative metal products are in high demand in the local automotive industry, which is one of the foundations of Russian engineering. The new production and logistics centre will consolidate MMK's strategic partnership with automakers in the region and will allow us to reach a new level of cooperation.”

Source : Strategic Research Institute

voda 7 juni 2019 16:05

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Mutares Acquires ArcelorMittal Wire Plants

German investment company Mutares completed the acquisition of ArcelorMittal’s TrefilUnion SAS, which includes two wire plants specialising in manufacturing of wires, thin spring wire, and steel ropes for the energy, construction, household, agriculture, and automotive industries. TrefilUnion, which generated a revenue of EUR 42 million in 2018, will be included in the Goods & Services segment in the portfolio of Mutares.

Mr Robin Laik CEO of Mutares said that “We are proud to welcome TrefilUnion as new addition to our portfolio. It complements ideally our Goods & Services segment and possesses ideal potential for our operational experts. We are convinced to be the perfect partner for its future successful development.”

ArcelorMittal received a bid for TrefilUnion from Mutares in April this year.

Source : Strategic Research Institute

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voda 7 juni 2019 16:06

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Danieli’s QSP-DUE HSM Plant At Sougang Jingtang Starts

Featuring Danieli Universal Endless technologies, it is the only plant in the world capable to produce HRC in coil-to-coil, semi-endless and endless mode. After the successful start of the caster and of the mill, the completion of commissioning activities will follow the availability of liquid steel from blast furnaces. To date all the liquid steel made available have been successfully cast by the single-strand thin slab caster producing slabs reduced from 130 mm (mould exit) to 110 mm (TSC exit), using the Danieli’s well proven dynamic soft reduction. 130-mm slab thickness at mould exit allows stable conditions in the mould, while 110-mm final slab thickness, together with high casting-speed, leads to high productivity.

Shougang Jingtang is the world-first plant for the production of hot rolled coils operating with 110-mm-thick slabs.

Several slabs have been also processed by the mill, with mutual satisfaction of the teams involved in the commissioning.

The ability to provide the mill with 110-mm slab, therefore thicker compared to the traditional thin slab approach, is reflected into a remarkable increment in the reduction ratio from slab to strip, which in turn allows the production of a wider product mix.

QSP-DUE is the most flexible plant layout to meet continuously changing market requests.

The caster technology in operation at SGJT will be also installed at Nucor Steel Gallatin in the USA, along with the Danieli’s supply of part of the new QSP. The 2.75 Mtpy caster of Nucor Steel Gallatin will be the most productive single strand caster in the world.

Source : Strategic Research Institute

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voda 7 juni 2019 16:07

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US Steel Import Permits In May Decline 11% YoY - AISI

Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis data, the American Iron and Steel Institute reported that steel import permit applications for the month of May totaled 2,582,000 net tons. This was a 10.8% decrease from the 2,895,000 permit tons recorded in April and a 21.9% decrease from the April preliminary imports total of 3,304,000. Import permit tonnage for finished steel in May was 1,809,000, down 10.1% from the preliminary imports total of 2,011,000 in April. For the first five months of 2019 (including May SIMA permits and April preliminary imports), total and finished steel imports were 14,071,000 NT and 9,875,000 NT, down 8.6% and 18.8%, respectively, from the same period in 2018. The estimated finished steel import market share in May was 18% and is 21% year-to-date (YTD).

Finished steel imports with large increases in May permits vs. April preliminary imports included sheets and strip all other metallic coatings (up 113%), heavy structural shapes (up 90%), reinforcing bars (up 69%), hot rolled bars (up 20%), standard pipe (up 12%), and tin plate (up 12%). A product with a significant year-to-date (YTD) increase vs. the same period in 2018 was line pipe (up 11%).

In May, the largest finished steel import permit applications for offshore countries were for South Korea (296,000 NT, up 8% from April preliminary), Japan (123,000 NT, down 22%), Germany (77,000 NT, down 46%), Taiwan (76,000 NT, up 8%) and Vietnam (60,000 NT, down 24%). Through the first five months of 2019, the largest offshore suppliers were South Korea (1,291,000 NT, down 16% from the same period last year), Japan (610,000 NT, no change) and Germany (530,000 NT, down 4%).

Source : Strategic Research Institute

voda 7 juni 2019 16:19

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Emirates Steel Accelerates Digital Roadmap With Commvault

Commvault announced that Emirates Steel has implemented Commvault HyperScale to support its digitalization ambitions and safeguard its manufacturing operations. ESI's digitalization efforts include moving its SAP modules to the cloud through Microsoft public cloud solutions. Mohammed Azam, IT Infrastructure Head at Emirates Steel, said "Backup was a challenge with underlying technology scattered across different environments and running on aging Dell hardware. Commvault HyperScale proved a more effective solution with an interface that was just as user-friendly but with the critical difference that we installed it easily and it works perfectly across our complex environment. Commvault HyperScale™ is easy to install and use. Interoperability with both public cloud and on-premises environments means we can make IT investment decisions that boost our competitive advantage without having to worry about backup."

Commvault HyperScale™ and Commvault Complete™ Backup & Recovery protect 400 terabytes of data hosted across SAP systems, and including SQL databases, email archives, and 20 virtual machines. Two Commvault HyperScale™ clusters replicate data between the company's data center and disaster recovery site to provide robust business continuity capabilities.

Headquartered in Abu Dhabi, Emirates Steel is wholly government owned. At full capacity, its 11 plants produce 3.5 million tonnes of steel products, such as sheets, beams, and reinforced bars, every year for the construction industry.

Commvault is the recognized leader in data backup and recovery.

Source : Strategic Research Institute

voda 7 juni 2019 16:19

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Bombay HC Imposes INR 5 Crores Penalty In Nippon Steel & Sumitomo Metal’s Seamless Pipe Counterfeiting Case

The Bombay High Court has passed an order in Nippon Steel & Sumitomo Metal Corporation Vs Kishor D Jain & Anr imposing costs of INR 5 Crore to be paid by the defendants who were caught counterfeiting the Plaintiff’s mark and goods. The present case also relates to Trademark counterfeiting. The Defendants admitted on producing unbranded pipes from the local markets/manufacturers and imprinting the Plaintiff’s registered trademarks upon the same. These counterfeit goods were then exported by the Defendants to Saudi Arabian company- YANBU Steel Company to be used for laying pipes in oil plants. So, the suit for permanent injunction against the defendants was based on a complaint by YANBU regarding the quality of certain carbon seamless pipes for use in oil plants that it had sourced from the defendants, believing the same to have been manufactured by the plaintiff. The pipes supplied by the defendants were accompanied by fabricated inspection certificates issued in relation to the counterfeit goods to show that the same emanate from the Plaintiff as it was bearing plaintiff trademark and logo.

The Plaintiff submitted that the pipes in question are specialized seamless pipes which are used in the oil industry and can have disastrous consequences if the same do not meet the required standards of safety. The Plaintiff submitted that apart from causing serious damage to its goodwill and reputation coupled with possibility of accidents, the acts of the Defendants have in fact brought disrepute to the reputation of the Country and therefore heavy and unprecedented costs should be imposed on the Defendants.

By an ex-parte order dated 26 March 2019, the Bombay High Court has restrained Kishor D Jain & Anr (Defendants) from infringing the registered trade-marks `Nippon Steel’ and its variants owned by Nippon Steel & Sumitomo Metal Corporation (Plaintiff).

The court took cognizance of the fact that the plaintiff’s products are used in extremely sensitive areas where quality of apparatus is of utmost importance and that the defendants’ illicit activities were bound to have disastrous consequences. Going further, the court observed that the reputation of the nation is also affected by such activities. Determined to convey that the courts in India are no longer willing to tolerate such activities and shall deal with them with an “iron hand”, the judge awarded punitive costs of 5 Crore which was directed to be paid to a charitable organisation called the Tata Memorial Hospital, Mumbai – a specialist centre for the prevention, treatment and research on cancer.

Such decision really helps in reducing counterfeit and other kinds of IPR infringements. This is the first time that the Bombay High Court has imposed such heavy costs upon a defendant in a trade mark counterfeiting case. In this case the defendant has used false trade mark by falsely applying the existing trademark of the plaintiff for defendant own benefit and affecting the reputation of the plaintiff in the global market. Since low quality goods were exported, so this also affected reputation of the nation. That’s why Court understood that it is need of the hour to take strict penal actions which includes heavy compensation amount. This decision would act as a deterrent for someone who undertakes such kind of trademark counterfeiting in future.

Source : IIPRD

voda 7 juni 2019 16:20

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Tata Steel Taps Historical Data To Build New Models & Tap More Business

ET reported that in an effort to modernize its operations and create impact using digital tools, Tata Steel is creating a multi cloud strategy to devise new internal benchmarks for the company. Mr Sarajit Jha, Chief Business Transformation & Digital Solutions at Tata Steel, said “The company is using the strategy, a part of the data is hosted on Google cloud, to gather insights in manufacturing, supply chain, marketing and sales operations and improve efficiency. “We are digitizing everything from the deployment of factory vehicles to improving material throughput to marketing and sales. As a result, we have petabytes of structured and unstructured data that is not only waiting to be mined, but that we can generate intelligence from to create opportunities.”

The company is using Google Cloud among other cloud providers to build a data lake from which insights can be generated. A data lake is a storage repository that holds a vast amount of raw data in its original format. The steel maker's cloud data can be used to forecast market demand and for predictive maintenance of its equipment, among other applications.

According to Jha “The company has over 300 TB of data in the India and South East region that it wants to transform into usable ‘fourth party data’. He said the company generates first party data from its operations, sales and marketing. Second party data is generated in its channels by retailers and third party data is from the government, and social media. We are now saying that we can now generate fourth party data which is loaded with insights which can then form benchmarks, tools in various different contexts.”

Within its cloud framework, the company generates and stores satellite based imagery of the company’s various physical assets, marketing and sales data, manufacturing productivity data and industry-marketplace data.

As a part of its digital transformation plan aimed at creating a three billion dollar EBITDA impact in four years ending 2022, the company may also explore new revenue generation avenues such as publishing data reports with the information generated from manufacturing operations.

Source : ET

voda 7 juni 2019 16:21

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Alton Steel CFO John Goldschmidt To Retire In September

Alton Steel Chief Executive Officer Jim Hrusovsky announced two important senior leadership moves at Alton Steel. Chief Financial Officer John Goldschmidt will retire on Sept. 30 after more than seven years of service at Alton Steel. Jeffrey M Dorries has accepted the role of chief financial officer and will replace Goldschmidt upon his retirement. Goldschmidt will remain with the company through September to help transition Dorries, who begins June 17.

Alton Steel is a privately owned, special bar quality (SBQ) steel mill producing rounds, round-cornered squares, and bar-in-coil in the heartland of America. Alton Steel was established in 2003. The company has a proud history of manufacturing and employs about 250 people. Through continued investment for a promising future, Alton Steel offers products at a competitive price with a dedicated focus on great customer service. Alton’s current production includes a full range of carbon and alloy grades. Flexible and frequent rolling offers quick response and better inventory control for customers.

Source : Strategic Research Institute

voda 10 juni 2019 15:16

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Zimbabwe Government Pledges To Support Local Steelmakers

Zimbabwe government has pledged to support Redcliff-based Steelmakers Private Limited to get sufficient raw materials to boost production which is being hampered by lack of scrap metal. Midlands Provincial Affairs Minister Mr Larry Mavima said that he is going to push for the ban on the export of scrap metal so that it benefits local companies first. He said “As Government, we are going to do what we can so that you are able to satisfy your feedstock supply to guarantee maximum production. As one of the biggest steel manufacturers not only in the province but the country at large, there is a need to acquaint ourselves with the steel manufacturing process so that we can be able to assist the organisation in overcoming the challenges which they are faced with, in this case a shortage of raw materials.”

The Minister said it was prudent for the scrap exporting licences to be given to steel manufacturing companies, which are directly affected as opposed to exporting it. He said “Scrap is being exported and local companies are falling short as they cannot match the export prices since competition is high. We should be able to join hands and be able to convince Government to ban the export of the scrap metal. We would rather have those licences given to steel companies because by doing so, we will be creating chances of employment.”

With proper Government backing, the Minister said, Steelmakers should be able to embark on an expansion drive. He urged the company to consider wider expansion opportunities saying Government will be there to assist.

The company used to rely on Ziscosteel for its raw material and is now operating at 50 percent capacity owing to a shortage of scrap metal, its major raw material.

The company has 600 workers out of a possible 900 if operating at full throttle. It produces about 2000 tonnes of steel against a possible 5 000 tonnes per month .

Source : Chronicle

voda 10 juni 2019 15:17

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Steel Bill Expected To Protect Steel Jobs & Preserve Steel Industry in US

A bill that is expected to produce more jobs in the steel industry was introduced by senators. The Steel Preservation Act says that it'd continue to provide protection for the American steel industry. According to a news release, the act will create a tax credit worth USD 2 per barrel of oil equivalent for the production of steel industry fuel made at a steel industry fuel facility placed in service within 18 months the legislation passing.

The bill modifies the tax credit for steel industry fuel to

Extend the credit period and the placed-in-service date

Revise the definition of steel industry fuel to allow blends of coal and petroleum coke or other coke feedstock in the fuel

Set forth ownership requirements

Specify requirements for treating an owner as producing and selling steel industry fuel.

A taxpayer that produces steel industry fuel may elect to accept an increased tax credit in lieu of certain deductions for expenses in connection with the production of steel industry fuel.

Senator Capito believes the bipartisan bill would create thousands of jobs for West Virginians and for others across the country along with preserve the steel industry.

The bill would eliminate an Environmental Protection Agency Steel industry fuel waste that is hazardous and save energy. Steel industry fuel is produced through a process of liquefying coal waste sludge.

Source : Local DVM

voda 10 juni 2019 15:22

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Robinson Metal Chooses Manitowoc Wisconsin For Manufacturing Plant

Area Development reported that Robinson Metal, a custom metal fabricator, is establishing a manufacturing facility in Manitowoc, Wisconsin. The company plans to invest USD 2.6 million and is expected to create 94 jobs over the next three years. Mr Todd Robinson, Vice President of Robinson Metal said that “We are a community-focused company. We are very excited to be a part of the Manitowoc community and expand the Robinson Metal family of employees to the Lakeshore.”

Robinson Metal plans to acquire a 112,000-square-foot facility previously owned by Manitowoc Crane that will be used to facilitate the company’s growth in three divisions: custom enclosures, pipe and vessel fabrication, and fabrication and machining. The new facility will allow the company to expand its capacity and increase revenues.

The company stated that it chose to expand their production in Manitowoc because of the city’s strong manufacturing background, especially in fabrication and assembly.

Mr Mark R. Hogan, Secretary and CEO of the Wisconsin Economic Development Corporation the state’s lead economic development organization said that "This investment by Robinson Metal solidifies the company’s continued commitment to Wisconsin and is a testament to the strength of our manufacturing industry. Robinson Metal is the latest example of the many Wisconsin companies that are expanding here because of our strong economy, business climate and dedicated workforce.”

Source : Strategic Research Institute

voda 10 juni 2019 15:48

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Vietnam Imposes 17% Safeguard Duties On Billet Imports From Malaysian & Kazakhstan

S&P Global Platts reported that Vietnam’s Ministry of Industry and Trade has imposed 17.3% safeguard duty on steel billet imports from Malaysia and Kazakhstan effective June 13. To Thai Ninh, director MOIT said "The World Trade Organization safeguard agreement states that for imports from a developing country accounting for less than 3% of total imports into the importing country, such country shall be excluded from the scope of safeguard measures. However in our investigations, these two origins recently saw imports in excess of 3% of total imports, so we have to include them into the list."

In 2018, Vietnam imported 38,000 tonnes of Kazakhstani-origin billets, accounting for about 55% of total imports in the year and 5,000 tonnes of Malaysia-origin billets, or about 7.2% of the total

Vietnam's billet import safeguard duty was launched March 22, 2016, under a provisional safeguard duty of 23.3% to counter large volumes of billet dumped previously from China, which damaged the local steel industry. It was later finalized to start on August 2, 2016 continuing with 23.3%, and planned for a stepwise reduction to 21.3% on March 22, 2017, and later to 19.3% on March 22, 2018, and following 17.3% on March 22, 2019 until March 21, 2020. Countries such as China, Japan, Indonesia, Thailand, and Russia are currently subjected to the safeguard duty.

Source : S&P Global Platts

voda 10 juni 2019 15:53

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New AD and CVD Petitions On Collated Steel Staples From China, Korea And Taiwan

Kyocera Senco Industrial Tools Inc on June 6, 2019, filed antidumping petitions on imports of certain collated steel staples from China, Korea, and Taiwan and a countervailing duty petition on imports of certain collated steel staples from China. The scope of this investigation is certain collated steel staples. Certain collated steel staples subject to this proceeding are made from steel wire having a nominal diameter from 0.0345 inch to 0.0830 inch, inclusive, have a nominal leg length from 0.25 inch to 3.0 inches, inclusive, and a nominal crown width from 0.187 inch to 1.125 inch, inclusive.

Certain collated steel staples may be manufactured from any type of steel, and are included in the scope of the investigation regardless of whether they are uncoated or coated, and regardless of the type or number of coatings, including but not limited to coatings to inhibit corrosion.

Certain collated steel staples may be collated using any material or combination of materials, including but not limited to adhesive, glue, and adhesive film or adhesive or paper tape.

Certain collated steel staples are generally made to American Society for Testing and Materials specification ASTM F1667-17, but can also be made to other specifications. Regardless of any applicable specification, 'however, all certain collated steel staples exhibiting the physical characteristics of the written scope description are included in the scope.

Certain collated steel staples subject to this investigation are currently classifiable under subheading 8305.20.00.00 of the Harmonized Tariff Schedule of the United States. While the HTSUS subheading is provided for convenience and for customs purposes, the written description of the subject merchandise is dispositive.

The petitioner alleges the following dumping margins:
China: 119.68 percent to 122.92%
Korea: 10.23 percent to 14.25%
Taiwan: 47.35%

Estimated Schedule of Investigations
June 6, 2019 – Petition is filed
June 26, 2019 – DOC initiates investigation
June 27, 2019 – ITC staff conference
July 22, 2019 – Deadline for ITC preliminary injury determinations
August 30, 2019 – Deadline for DOC preliminary CVD determination, if not postponed
November 4, 2019 – Deadline for DOC preliminary CVD determination, if fully postponed
November 13, 2019 – Deadline for DOC preliminary AD determination, if not postponed
January 2, 2020 – Deadline for DOC preliminary AD determination, if fully postponed
May 18, 2020 – Deadline for DOC final AD determinations, if both preliminary and final determinations are fully postponed
July 1, 2020 – Deadline for ITC final injury determinations, assuming fully postponed DOC deadlines

Source : Strategic Research Institute

voda 10 juni 2019 15:53

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Odisha Can Be Global Hub Of Ancillary Industry In Steel Sector - Mr Pradhan

Indian Steel Minister Mr Dharmendra Pradhan said that that the central government in cooperation with the Odisha government will jointly develop Odisha as a global hub of ancillary industry in the steel sector.

He said “India is the second largest steel producing nation in the world while Odisha is the hub of steel industry in the country and the state can play an important role in the world steel sector.”

Source : Odisha TV

voda 10 juni 2019 15:54

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Trump Trade War - Tariffs On Mexico Suspended Indefinitely

US President Donald Trump announced late Friday that he had suspended plans to impose tariffs on Mexico, tweeting that the country has agreed to take strong measures to stem the flow of Central American migrants into the United States. But the deal the two neighbors agreed to falls short of some of the dramatic overhauls the US had pushed for.

The move puts to an end, for now, a threat that tariffs would damage the economy, drive up prices for consumers and imperil an updated North American trade pact.

Source : Strategic Research Institute

voda 10 juni 2019 15:55

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SAIL Gets Positive Response From Odisha Government For Proposed Steel Plant

PTI reported that Steel Authority of India Limited has received a positive response from the Odisha government on its request of land allocation to set up a coast-based plant in the state. SAIL Chairman Mr Anil Kumar Chaudhary said “SAIL had written a letter to the Odisha government for land. I am happy to inform you that we have received a response from Principal Secretary, Industries. He has invited us. I have received invite very recently. A team of officials will be soon sent to Odisha to explore possibility of getting land in coastal area so that the company can set up at least one steel plant in coastal area.”

As part of its 50-MTPA expansion plan, SAIL is planning to set up a 3 million tonnes per annum shore-based plant at an estimated cost of over INR 15,000 crore in Odisha.

Source : PTI

voda 10 juni 2019 16:03

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Trump Trade War - China Slaps Ford Joint Venture With Huge Fine

Sputnik reported that Chinese authorities have imposed a USD 23.6 million fine on Ford's joint venture with Changan Automobile for price fixing as trade tensions between the Asian country and the US are gaining momentum. According to a statement issued by the State Administration for Market Regulation, Changan Ford set a minimum resale price in 2013 for vehicles sold in the city of Chongqing in a move that deprived dealers of pricing autonomy and damaged fair competition and legitimate interests of consumers".

The joint venture is a 50/50 split between the US car producer and the Chinese state-owned Changan Automobile Group.

Commenting on the ruling, a Ford representative said that "Changan Ford respects the decision taken by the State Administration for Market Regulation".

Source : Sputnik

voda 10 juni 2019 16:30

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Ukrainian Steel Mills Assess Russian Met Coal Restrictions

Argus Media reported that Ukrainian steelmakers are taking stock of Russia's tightening of restrictions on exports of coking coal and metallurgical coke to Ukraine, after a permitting process came into effect on 1 June. Under the new regulation, Russian companies wanting to export coal and coke products to Ukraine, including those for metallurgical use, must get permission from the economics ministry. A list of companies and the volumes they wish to send was submitted at the end of May for review by the authorities, but no details have been made public.

As yet it is unclear whether the new system will delay or restrict volumes heading to Ukraine, and end-users are trying to gauge its significance.

A spokesperson for ArcelorMittal, which owns the Kryviy Rih steel plant, said that "We are in the process of analysing the situation and assessing its impact on our Ukrainian operations".

AMKR typically sources coking coal from a range of countries, encompassing central Europe, Asia-Pacific and the Americas, but Russian supply has in the past comprised more than half of its imports.

Source : Argus Media

voda 10 juni 2019 16:38

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SAIL RSP Aiming For Higher Share Of Value Added Products

PTI reported that Steel Authority of India Limited’s Rourkela Steel Plant is aiming to raise the share of value added products to 40 percent of total production in order to improve its competitiveness in the market. RSP CEO Mr Dipak Chattaraj told PTI "Increasing the volume of our value added products to 40 percent of total saleable steel production is one of our key focus areas. Currently, value added products comprise around 27 percent of the total output of RSP.”

He said “The massive modernisation and expansion completed recently by RSP has not only enhanced the volume of production but also established the plant as a major player in the steel industry. It has added many value added products to our basket that have helped us tap niche market segments. The demand for the products of our New Plate Mill continues to be very good.”

RSP plates have found application in many prestigious projects like the Chenab bridge, which is the world's highest rail bridge, the Dhola Sadiya bridge India's longest rail-cum-road bridge as well as structures like the Mahatma Gandhi Setu, Statue of Unity, Santragachhi terminal of South Eastern Railway, among others.

Source : PTI

voda 10 juni 2019 16:40

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South Korean Steel Industry Plagued By Tougher Environmental Regulations

Korea Herald reported that South Korea’s increasingly stringent environmental regulations are hobbling its steel industry, already beset by falling sales and rising raw material prices. Last week, three regional governments representing South Chungcheong Province, North Gyeongsang Province and South Jeolla Province insisted that local steel companies Posco and Hyundai Steel halt their steel mills for 10 days over violations of the Clean Air Conservation Act. The provincial governments said Posco’s steel mills in Gwangyang and Pohang cities and Hyundai Steel’s plants in Dangjin city had opened safety valves, called bleeder valves, in the process of maintaining their blast furnaces, which resulted in the emission of pollutants into the air.

The rare decision by the local authorities came after an authoritative interpretation of the law from the central government, which said the air pollution that hit the nation hard in recent years may have been made worse by the practice of opening blast furnaces, a routine operational procedure for steelmakers.

Korea Iron & Steel Association said “There was no global precedent for the imposition of regulations on the practice of opening blast furnaces, and that the administrative order could cause serious damage to steelmakers’ business operations. If steel mills are closed for 10 days, it takes more than six months to resume the plants. This will cause losses of KWR 800 billion (USD 674 million) for each mill.”

Despite the industry’s resistance, the nation’s environmental regulations are expected to get stricter as a result of growing calls to address air pollution and climate change at home and abroad. Early this month, President Moon Jae-in said the nation intended to cut fine dust emissions by more than 30 percent by 2022, compared with 2016 levels. He said the government was making efforts to improve plants and other facilities that emitted high concentrations of fine dust.

Source : Korea Herald

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