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voda 10 juni 2021 07:48

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US Steel Fined for Air Pollution at Clairton Coke Works

Tribune Live reported that the Allegheny County Health Department has issued over USD 201,500 of penalties against US Steel for air pollution and permit violations that occurred at the Clairton Coke Works during the first quarter of 2021. 90% of that total will be paid to the Community Benefit Trust for impacted communities and remaining 10% will be paid to the Clean Air Fund, a fund where penalties from polluters emission violations are deposited.

The Community Benefit Trust was established in accordance with a settlement the health department reached with US Steel in 2019, which addressed 2018 and 2019 enforcement orders and subsequent appeals. That settlement established an agreement that 90% of all battery fugitive emissions violations at the Clairton Coke Works would be deposited into the trust. Those funds will be used for projects that will improve, protect or reduce the risk to public health or the environment. The trust was established to support communities impacted by air pollution from the facility including Clairton, Glassport, Liberty, Lincoln and Port View.

Clean Air Fund dollars are used to support initiatives like improving air quality in Allegheny County, public education and health effects studies and surveys concerning air pollution and the purchase of equipment, services or facilities to support the air quality program.

Source - Strategic Research Institute

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voda 10 juni 2021 07:49

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Nextchem & Paul Wurth to Develop Syngas Production for Green Steel

Maire Tecnimont Group’s subsidiary NextChem and SMS group’s Paul Wurth will join forces to promote the combined use of electrolysis and syngas production in the iron & steel industry. The cooperation between NextChem and Paul Wurth is aimed at developing an advanced technological solution to convert natural gas into synthesis gas, known as syngas, to be used during iron ore reduction. The utilisation of syngas, a mixture of carbon monoxide and hydrogen, allows for the decrease in the portion of fossil fuels required, thus reducing CO2 emissions in the hot metal production process.

On the path of the energy transition and industry decarbonisation, NextChem and Paul Wurth will combine their respective knowledge and expertise to study the integration of electrolysis technology into the syngas production scheme, with the aim of producing low-carbon steel at a competitive cost. Introducing green hydrogen into the metallurgical process allows for the further lowering of the volume of coke required and reduces the carbon footprint of steel plants.

Milan Stock Exchange listed Maire Tecnimont SpA leads the global natural resource conversion market in downstream oil & gas plant engineering, with technological and executive expertise. Its subsidiary NextChem operates in the field of green chemicals and technologies in support of the energy transition.

Source - Strategic Research Institute

voda 10 juni 2021 07:50

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WiSaNo Study Confirms CO2 Neutral Sponge Iron for Green Steel

World's leading steel manufacturer ArcelorMittal is driving the transformation for green steel and, with funding from the Federal Ministry for the Environment, Nature Conservation and Nuclear Safety, has commissioned a study to investigate the technological and economic framework conditions under which green steel can be produced in the future. Now we have the results. Professors Marc Hölling and Hans Schäfers of Competence Center for Renewable Energies and Energy Efficiency CC4E at the University of Applied Sciences HAW in Hamburg analyzed in the study "Wind Steel from Northern Germany" WiSaNo how CO2-neutral steel is efficient and efficient in electric arc furnaces can be produced sustainably with sponge iron on a hydrogen basis.

They concluded “The most advantages are offered by the production of sponge iron near the coast with transport to steelworks inland. The associated CO2 avoidance costs are in the order of 200 euros per ton of CO2 in relation to an integrated blast furnace. However, these costs are well above the profit margins of the steel industry, so that suitable funding and control instruments must be developed by politics in order to enable the steel industry to be decarbonised.

The researchers at HAW have examined different concepts for CO2-free steel production, each with an annual production volume of one million tons of rolled steel, in order to enable easy scaling. A comparison shows most of the advantages for flexible, hydrogen-based DRI production near the coast and transport to an existing steel mill location inland. The production of CO2-free DRI directly enables a significant reduction in CO2 emissions. In the next step towards climate-neutral production, it would be possible to switch to green electricity, including energy storage, so that the entire process becomes CO2-free. Thanks to the energy-intensive direct reduction near the coast, the costs for network expansion and storage can be kept moderate.

Source - Strategic Research Institute

voda 10 juni 2021 07:51

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US Steel Imports in Jan-May 2021 up by 8% YoY

Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis data, the American Iron and Steel Institute has reported that steel import permit applications for the month of May totalled 2,621,000 net tons. This was a 3.8% increase from the 2,525,000 net tons permit tons recorded in April and a 0.7% decrease from the April final imports total of 2,638,000 net tons. Import permit tonnage for finished steel in May was 1,823,000 net tons, up 9.9% from the final imports total of 1,658,000 net tons in April. For the first five months of 2021, total and finished steel imports were 11,888,000 net tons and 7,944,000 net tons, up 8.1% and 8.5%, respectively, from the same period in 2020. The estimated finished steel import market share in May was 19% and is 18% year-to-date

Finished steel imports with large increases in May permits vs. the April final imports include tin plate up 210%, tin free steel up 75%, light shapes bars up 45%, cold rolled sheets up 39%, sheets and strip hot dipped galvanized up 30%, wire rods up 29% and wire drawn up 10%. Products with significant year-to date increases vs the same period in 2020 include hot rolled strip up 58%, light shapes bars up 55%, hot rolled sheets up 42%, sheets and strip all other metallic coatings up 30%, cut lengths plates up 30%, plates in coils up 29%, wire drawn up 18%, tin plate up 14% and sheets and strip hot dipped galvanized up 13%.

In May, the largest finished steel import permit applications for offshore countries were for South Korea at 236,000 net tons down 11% from April final), Japan 98,000 net tons up 11%, Germany 82,000 net tons up 72%, Turkey 74,000 net tons up 18% and Taiwan 74,000 net tons up 85%. Through the first five months of 2021, the largest offshore suppliers were South Korea 1,103,000 net tons up 18% from the same period last year, Japan 405,000 net tons up 8% and Germany 301,000 net tons up 1%.

Source - Strategic Research Institute

voda 10 juni 2021 07:54

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Vedanta Hands Over 100 Bed COVID Facility at Bokaro

Times of India reported that Vedanta Croup’s 100-bed Covid field hospital at Library Ground of Sector-5 in Bokaro Steel Township was inaugurated by Jharkhad Chief Minister Mr Hemant Soren. The makeshift structure made of German Hangars is equipped with oxygen supply and other modern medical amenities. 100 bed field hospitals has 40 beds for children and 10 beds are equipped with ventilators for serious patients. Vedanta will maintain the structure while the state health department will run it.

But it will not be put to use at the moment and the facility will be kept on standby for the third wave of the pandemic predicted later this year. Bokaro civil surgeon Dr AK Pathak said “With active Covid cases showing a downward trend, there is no optimum use of the facility at present. Seeing the improving situation, we have decided to keep the facility for the third wave.”

Vednata’s ESL Steel Limited operates a 2.5 millio tonne integrated steel plant in Bokaro district of Jharkhand. The Company’s product range includes Pig Irons, Billets, TMT Bars, Wire Rods and Ductile Iron Pipes.

Source - Strategic Research Institute

voda 10 juni 2021 07:54

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Voestalpine CAPEX Slowed Down on COVID19 & Supplier Delays

Austrian steel maker voestalpine announced that the volume of investments in the business year 2020/21 was EUR 612 million, 21.2% lower than the previous business year’s expenditure of EUR 777 million but voestalpine initiated or pursued important projects nonetheless.

A major cutting-edge project named “BETA 3” that involves a new pickling line was launched at facilities in Linz in Austria. The new “CC4” continuous casting plant, which represents the new core of steel production in Donawitz in Austria, was successfully started up. Both the challenges arising from COVID-19 and delays in deliveries from component suppliers slowed down construction at the world’s most advanced special steel plant in Kapfenberg in Austria. voestalpine expects the plant’s construction costs to rise by between 10% and 20% compared with the EUR 350 million investment plans. The project is once again proceeding apace, individual steps such as the cold start-up will be accomplished in calendar year 2021, and the start-up of full operations is slated for the middle of 2022.

Decarbonizing steel production poses a major technological challenge for the entire European steel industry but voestalpine’s “greentec steel” program clearly charts the way forward. Assuming that there will be sufficient electricity from renewable energy at economical prices, in a first step the shift from coal-based blast furnace production to electric arc technology is expected to bring about a roughly 30% reduction in CO2 by the year 2030. The Group plans to achieve climate-neutral steel production by the year 2050 using green electricity and green hydrogen.

voestalpine has developed a scalable process that supports CO2-neutral steelmaking without a fossil fuel such as coal and has obtained a patent from the European Patent Office for it. Specifically, this patent comprises the production of hot briquetted iron in a direct reduction process by way of green hydrogen and biogas. The Group will grant production licenses for the climate-neutral pre-material.

Source - Strategic Research Institute

voda 10 juni 2021 07:56

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Labour Dispute Resolved at ArcelorMittal Canada

ArcelorMittal Mines and Infrastructure Canada confirmed that its workers ratified the agreement in principle reached between the company's management and the negotiating committees of the five local unions of the United Steelworkers. The labour dispute that began on May 10 has ended in accordance with the back-to-work protocol agreed to by the two parties. The new four-year collective labour agreement will provide stability for both employees and all the company's partners.

ArcelorMittal subsidiaries ArcelorMittal Infrastructure Canada GP and ArcelorMittal Mining Canada GP are two complementary entities operating on Quebec's North Shore. AMIC ensures the transport of concentrate between Mont-Wright and Port-Cartier, and operates a seaport in Port-Cartier to transport and ship AMMC's products to four continents. AMMC produces iron oxide concentrate and pellets for the steel market. The two companies employ approximately 2,500 people.

Source - Strategic Research Institute

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voda 10 juni 2021 07:59

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South African Steel Association SEIFSA Suspends CEO Mr Nyatsumba

The Steel and Engineering Industries Federation of Southern Africa has put its CEO Mr Kaizer Nyatsumba on precautionary suspension pending an investigation against him. SEIFSA board chairperson Mr Elias Monage confirmed that Mr Nyatsumba, a former newspaper editor, has been on suspension since 3 May. The news of his suspension has been kept under wraps until now, and the federation declined to divulge the reason for the probe. Operations Director Mr Lucio Trentini and CFO Mr Rajendra Rajcoomar have taken charge of the running of the organisation in Nyatsumba's absence.

Mr Nyatsumba joined SEIFSA on 1 November 2013 as chief executive officer and has been at the helm during a period where the industry has faced a steady decline.

Incidentally, SEIFSA called for metals and engineering industries disaster support and recovery plan recently in order to afford the industry an opportunity to re-set, reposition and prepare the groundwork for business survival, stability, certainty and industrial peace. With South Africa’s economic outlook unlike any situation experienced before SEIFSA argued that the time had come for parties to work together and more so, in the area of collective bargining, to construct a collective agreement that has the potential to offer something to everyone. With negotiations set to continue on 21st and 22nd June 2021, SEIFSA gave notice that it intends to reach out and attempt to work with all employer and trade union stakeholder, testing and challenging traditional and long established paradigms in order to determine whether indeed it is possible to move forward, ideally with the support of all but at the very least with the support of the majority.

Source - Strategic Research Institute

voda 10 juni 2021 07:59

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Odisha Transfers IDCOL to Steel & Mines Department

Odisha’s State Cabinet has approved the transfer of Industrial Development Corporation of Odisha Limited from Industries Department to Steel and Mines Department. It said “Since the primary objective of IDCOL has now been shifted towards the Mining sector, the Cabinet have been pleased to approve the proposal for transfer of the subject Industrial Development Corporation of Odisha Ltd from the Industries Department to the Steel and Mines Department by amendment of the Odisha Government Rules of Business.”

The Industrial Development Corporation of Odisha Limited, a Government of Odisha Undertaking, was set up in 1962 to promote, establish and manage Industries for initiating industrialization in the State and creation of employment opportunities. But now, the activities of IDCOL are now mostly limited to mining operations with few industrial activities. IDCOL has been operating Limestone mines, Iron ore mines, Manganese mines and chromite mines for the past several years. It is presently focusing on consolidating its core activity of mineral-based industries.

Source - Strategic Research Institute

voda 10 juni 2021 08:03

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Major Climate Initiative Starts at LKAB Kiruna Iron Ore mine

The mine of the future will be carbon-free, digitalised and autonomous. LKAB’s transformation for a sustainable future involves an initiative that could become Sweden’s largest ever industrial investment but more than that, it’s also the biggest thing Sweden can do to reduce global emissions. LKAB’s Senior Vice President of the Iron Ore business Mr Michael Palo said “It starts in the mine. We are nothing without our ore reserves, and we need to secure and safeguard those for the future. To be profitable long term we need to be constantly exploring new methods and ways of working. It’s about using groundbreaking technology to work at great depths in a sustainable, efficient and safe way. When we’re done, we will reduce carbon emissions among our customers globally by 35 million tonnes. That’s equivalent to two thirds of Sweden’s total emissions. To succeed we need to break new ground as regards how the mining of the future takes place.”

As an important step along the way, LKAB has started an industrial development project along with ABB, Epiroc, Combitech and Sandvik with the aim of setting a new world standard for sustainable mining at great depths. The project calls for a completely new type of collaboration: a digital ecosystem, in which the parties link up both digital systems and operations. A test facility is to be established where new technology will be developed and tested both in a real mine environment and in a virtual test mine. The tests are being carried out to ensure that the Swedish mining industry continues to be competitive in the future, providing jobs and growth both locally in Norrbotten and nationally.

In the work to transform the business, it is crucial that the flow of information is always available and reliable. This enables better and faster decisions to be taken and the degree of automation to be increased. New ways of working are made possible as 3D maps of the mines make it easier to visualise the work and analyse risks. The machinery used in the mine is also becoming more autonomous and interacting more, so staff can track the work going on in the mining area without having to be there – making the operations both safer and more efficient.

Source - Strategic Research Institute

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voda 11 juni 2021 09:18

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bondal from thyssenkrupp ly Reduces Noise In Electric Cars

bondal from thyssenkrupp Steel is a proven sandwich material for noise reduction in vehicle construction. The latest application tests with the innovative composite in electric vehicles also show its potential for optimizing the acoustics of electric motors and their power control units. Electric motors are quieter than conventional combustion engines, another advantage for the environment and people, aside from their exhaust-free powertrain. However, electric powertrains generate noise inside the electric vehicle that people find particularly unpleasant. This can be eliminated by a relatively small component made of bondal, a sandwich material developed by thyssenkrupp Steel, which significantly reduces the noise emission of the so-called inverter. The inverter is a central component in every electric powertrain that converts direct current from the battery into alternating current for the motor and, depending on load condition, produces high-frequency sound emitted via the cover of the inverter housing. This unpleasant noise is a significant comfort issue that cannot be satisfactorily solved currently with conventional materials and without secondary acoustic measures. Components formed from bondal also offer, amongst others, air-borne sound damping properties and can thus minimize the unpleasant noise in electric cars. This effect is obtained through the special structure of bondal: the material is a steel-polymer-steel composite. Two steel sheets are bonded into a laminate under high contact pressure by a thin, adhesive polymer layer. This sandwich structure has a significant noise dampening effect. Compared to the solutions used today, this component made of bondal, with a weight of approx. 1.5 kg, can also be recycled easily.

bondal is particularly well suited for components which are excited to vibrate. Today, bondal is used, for example, in ship interior finishing, in the manufacture of glass containers, in rail vehicle construction and in the powertrain and carbody sectors in the automotive industry.

bondal is just one example for the varied applications of steels for e-mobility. thyssenkrupp Steel has a holistic strategic approach to this topic: as part of its Strategy 20-30, the steelmaker is developing its plant on Essener Straße in Bochum into a center of excellence for e-mobility over the next few years. The capabilities in the field of the so-called non-grain oriented electrical steel are once again significantly strengthened by investments in plants, for instance, in a new double reversing mill and a new annealing and isolating line. This will make it possible to produce thinner and stronger grades, which are the basis for more powerful electric motors. These, in turn, are indispensable for the mobility transition to e-mobility

The market for electric cars is growing. Today, there are already 70 models available on the German market; there are as many as 140 models when foreign manufacturers are also taken into account. Various studies predict that the share of electrically powered vehicles in Germany will go up to 40% by 2030.

Source - Strategic Research Institute

voda 11 juni 2021 09:19

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SAIL Reports Net Profit of INR 3850 Crore in 2020-21

Steel Authority of India Limited has announced the company’s annual performance for the financial year FY 2020-21. SAIL Chairperson Ms Soma Mondal said “The production performance and financial performance of the company have improved hand-in-hand during the year. ‘Team-SAIL’ worked committedly notwithstanding severe and unforeseen challenges posed by the pandemic of Covid-19 especially during the first half. The second half saw buoyancy in steel demand on the back of recovering economic activities. With the government also putting thrust on infrastructure spending, we focused on scaling up market driven products along with improvement in operational efficiency, which helped the company deliver a noteworthy performance”.

Key highlights of SAIL’s performance in FY 2020-21

Best ever annual sales at 14.94 million tonnes, up 5% YoY

Turnover of INR 68452 crore, up 12 YoY

EBITDA of INR 13740 crore, up 23% YoY

Profit After Tax of INR 3850 crore, up 90% YoY

Net debt decreased by INR 16,131 crore to INR 35,350 crore

Source - Strategic Research Institute

voda 11 juni 2021 09:22

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CREDAI Survey Reveals Deep Impact of COVID 19 on Construction

The Confederation of Real Estate Developers' Associations of India released findings of an industry survey conducted across North, East, West and South zones between 24th May and 3rd June, 2021 as Covid Impact Analysis Report, to assess the impact of second wave of covid-19 on real estate sector in India. According to the survey report, over 95% developers feel inevitable project delays if no urgent relief measures are injected in the sector by the Government and RBI. These delays are attributed to a range of factors, with 92% developers experiencing labor shortage at sites, 83% developers are working with less than half the workforce, and over 82% of developers are facing project approval delays. Credai Persident Mr Harsh Vardhan Patodia said “The findings reveal that the second wave has had a more debilitating impact on the real estate sector than the first wave."

Added factors such as recent spike in construction materials including steel, cement etc have contributed to more than 10% increase in construction cost for more than 88% developers. Various financial constraints and liquidity crunch are further adding to the problem, with 77% developers experiencing issues in servicing of existing loans, 85% developers facing disruptions in planned collection, and 69% are facing issues in disbursement of customer home loans.

Credai has requested for liquidity infusion, one-time restructuring of loans, across the board 6 months extension of completion date by Rera, stamp duty reduction or waiver, moratorium extension on principal & interest for 6 months, and freezing of SMA classification for another year. The apex developers' body also feels that reducing cost of construction materials, implementing single window clearances for project approvals and work commencement, and allowing input tax credit for all sectors will help the business.

The survey was conducted with stratified sampling method and witnessed a first-of-its-kind extensive participation of 4,813 developers from 217 cities, providing crucial insights on the industry sentiment and the range of challenges faced by the real estate sector.

Source - Strategic Research Institute

voda 11 juni 2021 09:25

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Metinvest to Build Cold Rolling Complex at Ilyich Steel Mariupol

Ukranian steel maker Metinvest is launching a major construction project for a cold rolling complex at Ilyich Steel in Mariupol. It will consist of a continuous cold-rolling mill combined with a pickling line, as well as three state-of-the-art lines for zinc, aluminium zinc and polymer coatings. Project investments will exceed USD 800 million for the first phase. In 2025, after the completion of the project’s first phase, the mill will be able to produce around 1.2 million tonnes a year of highly competitive cold-rolled and galvanised steel, as well as polymer-coated steel. The production capacity will include more than 400 thousand tonnes of cold-rolled coils, more than 600 thousand tonnes of galvanised coils and more than 140 thousand tonnes of polymer-coated coils.

The project’s second phase includes building a new annealing furnace department, skin pass mill and coil slitting line, as well as the new galvanised coil coating line. After the second phase is completed, the annual cold-rolled production capacity will exceed 1.6 million tonnes. The new cold-rolled steel production technology will allow Metinvest to enter the premium galvanised and colour-coated coil product segments.

Metinvest will engage a major foreign contractor with experience in similar projects and it has signed a contract with Italy’s Danieli Group as technology provider. The new shop will feature highly efficient gas cleaners that meet the latest Ukrainian and European environmental standards. This equipment will ensure that the emissions of harmful substances remain 1.5-3 times lower than the maximum permissible norms in Ukraine. It will also reduce fuel consumption by 20%.

The project’s second phase includes building a new annealing furnace department, skin pass mill and coil slitting line, as well as the new galvanised coil coating line. After the second phase is completed, the annual cold-rolled production capacity will exceed 1.6 million tonnes.

In addition, the new facility will create more than 230 new jobs.

Source - Strategic Research Institute

voda 11 juni 2021 09:26

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US Steel Industry Dependent on Russian Anthracite Coal

Sputnik reported that US Secretary of State Mr Antony Blinken during a US House Foreign Affairs Committee hearing said that it is news to him that cheap anthracite coal from Russia allegedly undermines the United States' domestic supply and creates a national security threat for the steel industry. When Congressman Mr Dan Meuser asked him whether he was aware that 90% of anthracite coal used in the US steel industry comes from Russia, he said “No, I have to acknowledge this is news to me, not something I focused on and I very much appreciate you bring it to my attention.”

Congressman Mr Meuser described the situation with the coal supply in the United States as a threat to national security. He said “Over the past five years Pennsylvania anthracite production shrunk by 20% while the total sales of Russia anthracite increased from 6 million tones in 2016 to 22 million tones in 2020, or 12 times higher than the domestic usage in the United States. I am concerned Russia is attempting to undermine our domestic supply which creates a national security, as well as a threat to our economy, that does in fact need our attention.”

The congressman also called upon Blinken to look closer into the matter of allegedly very questionable and illegal dumping of Russian anthracite in the United States.

Source - Strategic Research Institute

voda 11 juni 2021 09:27

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JSW Crude Steel Production in May 2021 up 10% YoY

JSW Steel on has reported crude steel production of 1.367 million tonnes of crude steel in May 2021, up by 10% YoY from 1.248 million tonnes in May 2020. The production of flat rolled products rose 10% YoY to 0.999 million tonnes in May 2021 from 0.905 million tonnes in May 2020. Production of long rolled products escalated by 55% YoY to 0.309 million tonnes from 0.200 million tonnes in May 2020.

The company said its capacity utilisation in May 2021 was 91% due to priority in supply of liquid oxygen for medical purposes over augmenting steel production. More than 30,000 tonnes of liquid oxygen for medical purposes was supplied from the steel complexes of JSW Steel as compared to 20,000 tonnes in April.

Source - Strategic Research Institute

voda 11 juni 2021 09:28

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EVRAZ to Set Up HSM at EVRAZ ZSMK Kemerov Region

EVRAZ and the government of Kemerovo Region, home to the Kuzbass coal basin in Russia, signed an agreement for cooperation in setting up a new casting and rolling mill at EVRAZ ZSMK. This investment project will expand the plant’s product range with high-value-added products, providing diverse flat-rolled products to Russian and international consumers. The CRM’s scheduled annual capacity is 2.5 million tonnes of hot-rolled flat steel. It will be based on an endless hot rolling technology QSP-DUE, enabling production of 0.8 to 16 mm thick hot-rolled coil with a unique surface finish and minimum geometric tolerances. Investments into this project are estimated at USD 650 million with the launch scheduled for 2025. The project will create over 350 new jobs at EVRAZ ZSMK.

EVRAZ has ordered from Danieli an innovative QSP-DUE, Danieli Universal Endless, plant in February 2020. Danieli QSP-DUE technology features an innovative and patented layout configuration, which allows in a single thin-slab casting and rolling production line all the winning features that up to now have been developed using either coil-to-coil, semi-endless or endless rolling modes in separate rolling mills, while eliminating the limiting factors of each one of them, thereby allowing the plant operator to reach all the production niches of the flat-products market by applying the process that is best suited to each steel grade and product.

The QSP-DUE plant of EVRAZ will be designed for a total capacity of 2,500,000 tpy of hot rolled coils for strip from 0.80 to 16.0 mm thick and and 950 to 1,700 mm wide. The vertical-curved thin-slab caster features a 5.5 m main radius, designed to operate with a slab thickness range from 100 mm to 123 mm, thanks to the application of dynamic soft reduction, and with a maximum casting speed of 6 m/min, depending on the steel grade.

The tunnel furnace, supplied by Danieli Centro Combustion, will provide a fundamental buffer function that increases flexibility technology casting-to-rolling and provides the possibility of performing work-roll changing as a background task, without affecting the operation of caster and melt shop

The new casting and rolling mill at EVRAZ ZSMK will enable deliveries of quality hot-rolled flats to the domestic consumers in Urals, Siberia, and Far East and to the international markets. Importantly, the project is environment-friendly: the endless hot rolling technology will ensure maximum energy efficiency and minimum GHG emissions per ton of rolled products as compared to other flat rolling technologies

RUB 51 billion in federal allocations will be complemented by investments from private companies, who see us as reliable partners.

Source - Strategic Research Institute

voda 11 juni 2021 09:29

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AM/NS India Plans to Add 5 Millon Tonne Capacity at Hazira

Business Standard reported that AM/NS India’s is making plans that would increase its capacity by five million tonnes in the next three years while laying building blocks for the phase after. The two phases of expansion at, along with downstream, are expected to cost about INR 50,000 crore. Hazira has a capacity of about 9 million tonnes. For the expansion at Hazira from 9 to 14 million tonnes, AM/NS India has land. The first phase would be completed in three years. For the second phase, AM/NS India has an option of taking up Hazira or starting construction of a new plant in Odisha.

AM/NS India CEO Mr Dilip Oommen told Business Standard “We have made very good progress with the Gujarat government. The groundbreaking for the expansion to 14 million tonnes is expected this year. In the next phase, we will take it up to 18 million tonnes.”

However, he pointed out that logistics would have to be in place for the second phase. That would entail enhancing port facilities, getting the railway line into the plant and improving road logistics.

Source - Strategic Research Institute

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voda 11 juni 2021 09:30

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Liberty Liege-Dudelange Secures Loan from Belgium Government

Argus reported that Belgium's Walloon Government’s Vice President Mr Willy Borsus said that the government is making a loan to Liberty Steel to enable the company to continue operating its Liege-Dudelange business while a buyer is found. The loan is subject to the organisation of a sale procedure, but the government did not reveal the sum involved. He told "The objective of the region is to be able to examine all avenues to enable one or more buyers to come forward, on the basis of a credible industrial project, to propose a resumption of Liberty Liege-Dudelange activities. Walloon region investment firm Sogepa will extend the loan, which is subject to strict conditions including the organisation of a sale.”

The Walloon government is also in talks with Luxembourg regarding the Dudelange plant.

Liberty Liege-Dudelange has been in judicial reorganisation since 11 May. The plant is in a bad financial condition following the bankruptcy of Greensill Capital, Liberty's main financial backer, and, according to local unions, there is only one way out of this situation and that is the sale of the plant.

Source - Strategic Research Institute

voda 11 juni 2021 09:33

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Thailand Extends AD Duties on HRC Imports

Thailand's Department of Foreign Trade in final decision of its expiry review of the antidumping duty on imports of certain hot rolled coil products, categorized under HS 7208 & 7211, from Japan, South Africa, Russia, Kazakhstan, India, South Korea, Taiwan, Venezuela, Argentina, Ukraine, Algeria, Indonesia, Slovakia and Romania has decided to maintain antidumping duties on the imports of HRC from the given countries ranging between 0-128.11% for a period of five years. The review was launched in May last year upon the complaint by local producers. Sahaviriya Steel Industries is the main petitioner for this case and G Steel, GJ Steel and Sahaviriya Plate Mill are the other complainants.

Antidumping duty rate

Algeria - 33.26%

Argentina - 37.94-53.09%

India - 20.02-31.92%

Indonesia - 24.48%

Japan - 0-36.25%

Kazakhstan - 68.11-109.25%

Romania - 27.95%

Russia - 24.20-35.17%

South Korea - 2.81-58.85%

Slovakia - 51.95%

South Africa - 128.11%

Taiwan - 3.45-25.15%

Ukraine - 30.45-67.69%

Venezuela - 78.44%

The duties were imposed in May 2003, and have been extended till now

The review does not cover the re-rolling products to be used in electrical galvanized steel, or in the home appliance or electrical appliance and automotive sectors.

Source - Strategic Research Institute

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