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voda 16 december 2021 11:25

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China's Steel Demand to Shrink Further in 2022 - MPI

Strategic Research Institute
Published on :
16 Dec, 2021, 5:27 am

Reuters reported that China Metallurgical Industry Planning and Research Institute said that China's steel consumption, following an expected decline of 4.7% this year to 954 million tonnes, will dip 0.7% on an annual basis in 2022 to 947 million tonnes as tougher policies for the real estate market and uncertainties linked to COVID-19 curb demand. China Metallurgical Industry Planning and Research Institute said “Supported by a proactive fiscal policy and prudent monetary policy, the overall economy will remain stable, but easing property investment, as well as uncertainties caused by the pandemic and raw material prices will depress steel demand. Consumption in the construction sector, energy and containers will decrease slightly in 2022 while steel demand for machinery, automobile, shipbuilding and home appliances is anticipated to continue growing. Overall steel consumption will find some support as the government is expected to bring forward infrastructure constructions appropriately.

The MPI said China will produce 1.04 billion tonnes of crude steel this year, down from a peak of 1.065 billion tonnes last year. For 2022, the production is set to decline further as China aims to bring its carbon dioxide emissions to a peak by 2030. MPI added that driven by falling steel production and increased use of steel scrap, demand for major steelmaking ingredients will also falter.

2021

Steel products demand - 954 million tonne, down 4.7 YoY

Crude steel output – 1040 million tonne, down 2.3 YoY

Pig iron output - 863 million tonne, down 2.8 YoY

Iron ore demand - 1364 million tonne, down 2.8 YoY

Iron ore imports - 1130 million tonne, down 3.4 YoY

Coke output – 470 million tonne, down 0.2 YoY

Coking coal demand – 1040 million tonne, down 0.2 YoY

2022

Steel products demand - 947 million tonne, down 0.7 YoY

Crude steel output – 1017 million tonne, down 2.2 YoY

Pig iron output - 824 million tonne, down 4.5 YoY

Iron ore demand – 1302 million tonne, down 4.5 YoY

Iron ore imports - 1080 million tonne, down 4.4 YoY

Coke output – 460 million tonne, down 2.1 YoY

Coking coal demand – 1010 million tonne, down 2.9 YoY

voda 17 december 2021 07:31

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Chairman Mr Aditya Mittal Unveils Four Fold Vision for AMNS India

Strategic Research Institute
Published on :
17 Dec, 2021, 5:47 am

Business Standard reported that two years after acquiring Essar Steel, ArcelorMittal’s Chief Executive Officer Mr Aditya Mittal in a communication to employees has unveiled a four fold vision for ArcelorMittal Nippon Steel India.

1. Support rise in India’s steel consumption in India over the coming decade by investing significantly across the business

2. Strive for stable and cost-effective steel making operations

3. Build a portfolio of value-added products for stronger financial returns

4. Aim to be a leader in sustainable development

AM/NS India had a crude steel production of 7.5 million tonnes at time of acquisition in December 2019. Currently, debottlenecking to achieve 8.6 million tonnes capacity is underway and the next milestone is to take capacity to 15 million tonnes. Mr Mittal wrote “We want to be at the forefront of supporting the rapid and sustained rise in steel consumption in India over the coming decade and will continue to invest significantly across the business to achieve this. Expanding Hazira’s steelmaking capacity to 15 million tonnes per annum remains a critical aspect of the growth plan and will benefit AM/NS India as well as India.”

But even as AM/NS India expands capacity, efforts are being made to ensure cost competitiveness. Mr Mittal said, “We must consistently strive for stable and cost-effective steel making operations. Real progress has already been made here, with the commencement of mining operations in Odisha, the commissioning of a second pellet plant at Paradeep, and strong progress being made with the debottlenecking project at Hazira.”

The third pillar in the vision is to build a portfolio of value-added products and exploit innovation and technology to achieve stronger financial returns. Mr Mittal wrote “The advanced technology we’re currently deploying at Hazira will play an important role here, ensuring manufacture of higher-grade auto and plate mill products, among others.”

And finally, the aim must to be a leader in sustainable development. Mr Mittal wrote “This involves a broad range of issues but three come to the fore. The first being safety, the second, diversity and inclusion and finally at the heart of sustainable development for every steel company is climate change. AM/NS India is certainly well placed to draw from its parents’ learning’s and support the global and national vision for an energy transition to cleaner, greener steel, but I also encourage you to think about climate change in your work and business planning. Reaching net zero will involve a huge, collective effort; we all have a role to play and a contribution to make.”

Last year, ArcelorMittal announced a group-wide commitment to being carbon neutral by 2050 and this year it has set out a 25 % emissions intensity target across the group by 2030.

AM/NS India started its journey on December 16, 2019, after ArcelorMittal completed the acquisition of Essar Steel in INR 42,000 crore deals under India’s insolvency law and established a 60:40 joint venture with Nippon Steel Corporation.

voda 17 december 2021 07:34

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Steel Dynamics Expects Record Earnings in Oct-Dec Quarter

Strategic Research Institute
Published on :
17 Dec, 2021, 5:02 am

US steel maker Steel Dynamics Inc has provided fourth quarter 2021 earnings guidance in the range of USD 5.46-5.50 per diluted share, representing record quarterly performance. Comparatively, the company's sequential third quarter 2021 earnings were USD 4.85 per diluted share

Fourth quarter 2021 profitability from the company's steel operations is expected to be higher than third quarter results setting a new quarterly record, driven by strong underlying steel demand and metal spread expansion across the platform, more than offsetting seasonally lower steel shipments. Domestic steel demand remains strong, with the automotive, construction, and industrial sectors continuing to lead the momentum.

Fourth quarter 2021 earnings from the company's metals recycling operations are expected to be aligned with sequential third quarter results, based on improved metal margins despite modestly lower selling values and offsetting lower shipments. Many domestic steel mills had planned maintenance outages throughout the fourth quarter 2021, which lowered ferrous scrap demand.

Fourth quarter 2021 earnings from the company's steel fabrication operations are expected to be more than two and one-half times higher than sequential record third quarter results, as significantly higher selling values and near-record shipments, meaningfully more than offset higher steel input costs. The non-residential construction sector remains strong as evidenced by robust order activity, resulting in another record order backlog and record forward-pricing for the company's steel fabrication platform. The company anticipates this momentum to continue through 2022 based on these dynamics.

voda 17 december 2021 07:37

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US Steel Corporation Expects USD 1.6 Billion EBIDTA in Q4 of 2021

Strategic Research Institute
Published on :
17 Dec, 2021, 5:08 am

United States Steel Corporation announced that its fourth quarter 2021 adjusted EBITDA is expected to be approximately USD 1.65 billion. US Steel President & Chief Executive Officer Mr David B Burritt said “Our business continues to operate at record safety, quality, and reliability levels. We are ending 2021 from a position of strength and expect continued strong performance in 2022 and beyond. This year, we’ve transformed the balance sheet, enhanced direct returns to stockholders, and are on a path to get to our Best for All? future faster. Next year, our fixed price contracts are resetting significantly higher, providing better earnings stability compared with competitors with more spot exposure. Additionally, incremental demand drivers are materializing, and we believe the steel industry super cycle will continue. Our fourth quarter guidance indicates another quarter of strong performance yet reflects a temporary slowdown in order entry activity, which we believe is related to typical seasonal year-end buying activity.”

The Flat-rolled segment is expected to deliver adjusted EBITDA approaching USD 1 billion in the fourth quarter and EBITDA margins near the third quarter record. The strong performance is driven by increased flow-through of higher steel selling prices offset by cautious seasonal buying and higher raw material and energy costs. The segment’s assets continue to perform exceptionally well allowing the Company to enter next year from a position of strength.

The Mini Mill segment is expected to continue delivering EBITDA margins similar to third quarter’s record performance despite lower volumes, reflecting the high-quality earnings of the Mini Mill segment. Lower volumes were a result of cautious seasonal buying partially offset by lower metallics usage.

The European segment is expected to deliver lower EBITDA compared to third quarter’s record performance. Lower steel prices, unfavorable foreign exchange rate impacts, and higher planned outage and energy costs were only partially offset by reduced iron ore costs. The 60-day planned outage on #1 blast furnace began on November 29 and is expected to continue into January 2022.

The Tubular segment is expected to deliver improved EBITDA performance compared with the third quarter. Higher steel selling prices are expected to more than offset higher scrap costs. We expect the Tubular segment to become a more meaningful contributor to EBITDA in 2022.

Mr Burritt concluded, “We are bullish for next year and remain agile to ensure we continue to meet our customers’ needs as we enter the New Year. 2022 should be another great year for US Steel with robust free cash flow, continued ample liquidity to fund strategic investments, and additional opportunities to enhance our capital allocation priorities. US Steel’s future is bright, and I can confidently say our best days are ahead.”

Bijlage:

voda 17 december 2021 07:44

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Gerdau Appoints Mr Rafael Japur as New CFO

Strategic Research Institute
Published on :
17 Dec, 2021, 5:11 am

Brazilian steelmaker Gerdau has named Mr Rafael Japur as new CFO. Mr Japur, who has been the company’s general manager of finance operations, will replace the former CFO, Mr Harley Scardoelli, effectively in February 2022. Japur will also assume a role as director of investor relations position directly reporting to the steelmaker's CEO Mr Gustavo Werneck.

Mr Japur commenced his career at Gerdau in 2005 and in 2015 was promoted to manager of business development. He also worked at the company’s debt management sector, and more recently, between 2017 and 2019, took on different roles for Gerdau’s businesses in Colombia and the Dominican Republic. He then came back to Brazil in 2020 to lead the company’s finance operations area.

Gerdau said Mr Scardoelli, who spent 33 years at Gerdau, will retire to pursue personal projects.https://prnewswire2-a.akamaihd.net/p/1893751/sp/189375100/thumbnail/entry_id/0_1ejqfhpx/def_height/2700/def_width/2700/version/100012/type/1

voda 17 december 2021 07:45

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Petersburg Tractor Plant Confirms OMK as Supplier of Springs

Strategic Research Institute
Published on :
17 Dec, 2021, 5:15 am

Russian steel maker United Metallurgical Company OMK’s Chusovoy Plant in Perm Territory, a leading Russian manufacturer of springs for freight transport of Russian and foreign brands, has become the official supplier of spring products to the Petersburg Tractor Plant, one of the oldest machine-building enterprises in Russia. The plant is ready to equip at least 60% of its production with Chusov springs. In 2020, OMK’s Chusovoy Plant passed an audit of production processes with the participation of representatives of the St. Petersburg Tractor Plant and in 2021 confirmed the status of an official supplier of spring products.

The OMK plant has mastered two types of springs for tractors under the Kirovets trademark. Reinforced multi-leaf springs are designed to take into account the high loads acting on the suspension elements during operation of agricultural machinery in the fields. Experienced springs have successfully passed bench tests and are installed on tractors.

The first commercial batch of springs was delivered by the OMK plant in Chusovoy in spring; by the end of the year, the shipment will amount to 5,279 units.

voda 17 december 2021 07:45

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NLMK & Gazprom Neft to Collaborate on New Technology Development

Strategic Research Institute
Published on :
17 Dec, 2021, 5:18 am

Russian steel maker NLMK Group and Gazprom Neft Technology Partnerships have signed a cooperation agreement on innovation. The two parties intend to pool their resources, competencies, and knowledge to collaborate in innovation, to seek out and support technology startups in the energy sector. The partners plan to jointly develop an infrastructure for testing and integrating technologies by Russian developers. Participants of the Gazprom Neft INDUSTRIX accelerator program will gain access to expertise from leading specialists in the oil and steel industries and the opportunity to test their prototypes at NLMK Group sites.

Gazprom Neft and NLMK plan to develop solutions for prospecting, extraction, and traditional energy, along with innovations to address energy transition challenges, including technologies for CO2 capture, utilization, and storage.

INDUSTRIX is a technology development program launched as part of the Gazprom Neft technology management system. The program includes an accelerator for technology projects in exploration and production, launched in June 2021, an incubator for early-stage projects, a startup studio, and a corporate entrepreneurship program. The accelerator is intended to promote technology startups and innovative solutions in the field of fossil fuel exploration and production, Industry 4.0, capital construction, and alternative energy. At the scouting stage, over 500 startups from 5 countries applied for the program. The best teams will have a chance to be integrated in the company’s business and receive investments from leading venture funds.

voda 17 december 2021 07:46

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Steel Minister Directs MOIL to Step up Manganese Ore Production

Strategic Research Institute
Published on :
17 Dec, 2021, 5:21 am

India’s Union Minister of Steel Mr Ram Chandra Prasad Singh reviewed the development of production of manganese ore in India with Manganese Ore India Ltd. The Steel Minister directed MOIL to take steps immediately to increase production of Manganese ore up to the level of available Environment Clearance Limit and also to complete the ongoing projects at the earliest without any further delay.

MOIL officials informed that the total reserves of manganese ore in the country are placed at 93 million tonnes out of which MOIL accounts for 33.14 million tonnes, about 36%. The resources of manganese ore are distributed in various districts in ten States namely Andhra Pradesh, Goa, Gujarat, Jharkhand, Madhya Pradesh, Maharashtra, Orissa, Rajasthan and West Bengal. MOIL has operations at present in Maharashtra and Madhya Pradesh and produced 1.14 million tonne out of 2.48 million tonne of total India’s production during the year 2020-21. MOIL has planned to increase its production to 3.5 million million tonne by the year 2029-30.

As per National Steel Policy, 2017, the projected capacity crude steel will be 300 million ton, the requirement of manganese ore for catering to this domestic demand of steel would be 6.50 million tonne by 2030. However, taking into consideration the manganese ore requirement for export of ferroalloys of about 1.40 million tonne, the total requirement of manganese ore will be 10 million tonne by 2030.

The Minister of State of Steel and Rural Development Mr Faggan Singh Kulaste and senior officers of the steel ministry were present.

voda 17 december 2021 07:46

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Northwest Pipe Company Investing in Utah's Precast Concrete Market

Strategic Research Institute
Published on :
17 Dec, 2021, 5:25 am

North America’s industry leader of engineered pipeline systems for water infrastructure Northwest Pipe Company is increasing the Company's investment in their precast concrete operations in Utah. In addition to its October 2021 investment in Park Environmental Equipment LLC, which added three Texas manufacturing facilities in Houston, Dallas and San Antonio, the Company is solidifying its commitment to the precast market with over USD 18 million in new capital improvement projects at its Geneva Pipe and Precast Company plants which service the Intermountain West region's precast concrete market.

The Company has recently invested in a new batch plant at their St George Utah facility and replaced a concrete mixer and controls in the Salt Lake City facility; and is currently in negotiations with major suppliers to purchase a new automated concrete pipe machine with associated concrete batching and mixing equipment. The new state-of-the-art pipe equipment will increase capacity to meet growing market demand for reinforced concrete pipe as well as increase capacity for other concrete products.

In addition to manufacturing RCP, utility, storm water, and sanitary sewer solutions, Geneva recently started manufacturing lined sanitary sewer products which protects the concrete from microbial induced corrosion when exposed to municipal and industrial wastewater.

Founded in 1966, Northwest Pipe Company is a leading manufacturer for water-related infrastructure products. In addition to being the largest manufacturer of engineered steel water pipeline systems in North America, the company manufactures high-quality precast and reinforced concrete products; water, wastewater, and storm water equipment; steel casing pipe; bar-wrapped concrete cylinder pipe; and one of the largest offerings of pipeline system joints, fittings, and specialized components. The Company is headquartered in Vancouver, Washington, and has 13 manufacturing facilities across North America.

voda 17 december 2021 07:47

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Fire in Bar & Rod Mill to Impact December Sale of Feng Hsin Steel

Strategic Research Institute
Published on :
17 Dec, 2021, 5:28 am

Taiwanese steel maker Feng Hsin Steel announced that a fire broke out at in the BAR & Rod rolling mill's finish end area of the company on 16 December 2021. The fire was caused by flying sparks when the steel was cut with a gas cutter during the sampling process. The operator tried to do firefighting immediately notified the fire brigade and initiated internal emergency procedures. There are no casualties.

Fire has been extinguished, other plants and equipment have not been affected. It is initially estimated that the mill will be temporarily suspended for a few days due to this incident, which will delay the shipment schedule of the round bar products and will not have a significant impact on the company’s overall operations and finances. The company will re-adjust the production schedule, and it is estimated that the overall sales volume in December 2021 and January 2022 will decrease by less than 5%.

The rough estimate of property losses does not exceed TWD 5 million. The equipment has been insured against fire and machinery insurance, and the company will further negotiate claims with the insurance company.

voda 17 december 2021 07:47

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Tata Steel to Invest in Railway Line to Kalinganagar Steel Plant

Strategic Research Institute
Published on :
17 Dec, 2021, 5:30 am

Tata Steel Limited has executed a long-term agreement with Angul Sukinda Railway Limited for the construction, operation and maintenance of an alternate railway line. The agreement is for a period of 20 years to meet the logistic requirements of Tata Steel’s Kalinganagar Steel Plant. Tata Steel will be funding the entire expenditure of INR 400 crore in a phased manner for construction of the Additional Rail Line by subscribing to 40,00,00,000 non-convertible, non-cumulative, redeemable preference shares of face value INR 10 each of Angul Sukinda Railway Limited

Tata Steel will be assisting Enquiry Reveals Flaw in Tata Steel UK & Liberty Steel Deal in 2016with the extension of 9-kilometre-long double-line work which is under construction from Duburi Station to Tata Steel Plant at Kalinganagar.

This proposed connectivity would enable Tata Steel to raise its annual production capacity from the present 3 million tonnes to 8 million tonnes. Further, it would help in meeting the growing steel demand in the country.

Angul Sukinda Railway Limited was incorporated as a special purpose vehicle by the Ministry of Railways, for developing, financing, construction, operation and maintenance of a 104.24 km broad gauge single railway line between Angul and Sukinda in Odisha to establish direct link between

(1) Iron-ore rich areas of Odisha viz. Joda-Barbil to steel and sponge iron industries in Angul region

(2) Between coal mining region in Talcher to industries in Jakhapura, JodaBarbil and areas in Kendujhar district in Odisha.

voda 17 december 2021 07:48

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Enquiry Reveals Flaw in Tata Steel UK & Liberty Steel Deal in 2016

Strategic Research Institute
Published on :
17 Dec, 2021, 5:32 am

BBC reported that the Scottish Government’s Minister for Business, Trade, Tourism and Enterprise Mr Ivan McKee told that the Scottish Government may have broken state aid rules while facilitating as an intermediary in the transfer of the Dalzell plant from Tata Steel to Liberty House in 2016. Mr McKee said that it had revealed a clause, which had committed the government to protecting Tata from future costs if Liberty were to go bust, in the contract that could have broken state aid rules. Mr McKee said “A review has now found that the clause granting indemnity to Tata may represent state aid, even though no money has changed hands. This is no longer valid and unenforceable and that liability could pass back to the previous owners.”

However Tata Steel UK said that it considered the deal to be valid and binding in all aspect and called for further talks with ministers. A spokesman said “In March 2016, we agreed the sale for GBP 1 of the two plants to the Scottish government which sold them on to Liberty House. This enabled steel processing to resume in Scotland. We believe this was a good outcome for the business, employees and local community. We consider the 2016 sale agreement, which was negotiated in good faith between the Scottish government and Tata Steel on commercial terms - to be valid and binding in all aspects. We would welcome further dialogue with the Scottish government on this matter to understand its position in more detail."

It could fall to European courts to rule on whether state aid rules were broken and who would ultimately be liable for future costs.

Two steel mills, at Dalzell and Clydebridge, were mothballed by Tata Steel in late 2015. The following year the Scottish government stepped in to facilitate their sale to Liberty House to save local jobs. The government bought the sites for GBP 1, then immediately sold them on to the new owner, Mr Sanjeev Gupta. First Minister Ms Nicola Sturgeon was present at the handover, and personally reopened the Dalzell steelworks later that year. As part of the deal, ministers agreed to protect Tata Steel from potential future costs for the Dalzell site, while Liberty House and its parent company, GFG Alliance made a similar commitment to the government.

voda 17 december 2021 07:51

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US Wants South Korea to Join Steel Alliance against China

Strategic Research Institute
Published on :
17 Dec, 2021, 5:35 am

Business Korea reported that the South Korean government is considering joining the US alliance in the steel industry against China. The new alliance in the steel and aluminum industry is to prevent overproduction and make it more sustainable by reducing carbon emissions. The scheme targeting China was formed in October this year, when the United States and the European Union agreed to end their disputes in the industry. The United States and the European Union are planning to come up with a draft of the scheme by 2024 and the scheme is open to other countries. South Korean steelmakers are in favor of the participation. The government said that it is watching the situation with everything up in the air as of now.

South Korea’s Ministry of Trade, Industry and Energy and the Department of Commerce of the United States are discussing the matter along with whether to relax restrictions on South Korea’s steel exports to the United States, which are based on Section 232 of the Trade Expansion Act of 1962. The United States is urging its allies to do so in order to curb China’s influence in the industry.

voda 17 december 2021 08:11

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Punjab Based Steel Mills Seek Stoppage of SMS Steel Price Alerts

Strategic Research Institute
Published on :
17 Dec, 2021, 5:37 am

The Tribune reported that a delegation of the Induction Furnace Associations of North India met Punjab Chief Minister Mr Charanjit Singh Channi in Chandigarh discussed several vital issues with the CM. Induction Furnace Associations of North India President Mr KK Gupta also highlighted “The SMS service providers, who are neither manufacturer nor authorized by any competent authority to fix and circulate steel rates, are fraudulently circulating fake/wrong and frivolous steel prices through their mobile phones every 15 minutes. There is no market in the world, where steel prices change every 15 minutes. The main purpose of such persons is only to play Satta on steel prices deliberately circulated by them. This SMS service needs to be checked and stopped.”

Members also said that their main concern is that manufacturers of steel are buying required scrap against tax invoice and there remains an uncertainty over whether tax paid on purchase of scrap was deposited by the seller with exchequer or not. The delegation said “The best alternative to stem the bogus billing and to avoid hardship to genuine buyers of steel scrap is that the GST on scrap should be reduced to 2.5 -5% so that there is no evasion of tax. In turn the government will get due GST payment of 18% from manufacturers/furnace industry on their final product as output.”

Delegation members added that “The Punjab Government is levying tax after tax on power. The rates of such taxes are being raised arbitrarily. It badly hits state’s steel industry, which is already facing huge crisis. The tax rate should be nominal.”

voda 17 december 2021 08:11

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EC Approves Thyssenkrupp’s Stainless Steel Plants to Arvedi

Strategic Research Institute
Published on :
17 Dec, 2021, 5:40 am

The European Commission has approved the sale of ThyssenKrupp’s Acciai Speciali Temi SpA in Italy, thyssenkrupp Stainless GmbH in Germany and thyssenkrupp Stainless Turkey Metal Sanayi ve Ticaret AS in Turkey, as announced in September 2021. Directorate General for Competition concluded that the acquisition does not raise concerns from a competition point of view since, following the transaction, a sufficient number of alternative players will remain in the relevant markets. By January 31, 2022, the parties involved are expected to sign the transfer from Thyssenkrupp to Arvedi.

Acciai Speciali Temi, thyssenkrupp Stainless GmbH and thyssenkrupp Stainless Turkey Metal Sanayi ve Ticaret AS are manufacturing, distribution and supply of certain stainless steel products, such as standard or custom size sheet or steel coils in all stainless steel grades, welded pipes and tubes and rectangular profiles for several sectors like automotive, energy production, steelmaking industries, food preservation and construction market.

Acciaieria Arvedi is manufacturing and sale of carbon steel products, including carbon steel coils, welded carbon steel tubes and cold drawn carbon steel tubes, welded stainless steel tubes as well as other activities in the steel sector.

Bijlage:

voda 17 december 2021 08:14

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Report Sees Scrap Recycling as a Key to Steel Decarbonization Goals

Strategic Research Institute
Published on :
17 Dec, 2021, 5:45 am

Australia based Institute for Energy Economics and Financial Analysis in a new report said that expanding scrap steel recycling will be a significant step forward in decarbonizing the steel industry. In 2020, global crude steel production was 1.88 billion tonnes. Of that, nearly three-quarters came from the integrated blast furnace and basic oxygen furnace process, which is both energy and carbon-intensive and adopting more of the alternative electric arc furnace option, whether using ferrous scrap or direct reduced iron, can help the steel industry lower its carbon emissions total. Under the International Energy Agency’s Net Zero Emissions by 2050 scenario, an emissions target that more and more steel manufacturers have pledged to reach a radical technological transformation in the steel sector will be underpinned by a shift from coal to electricity. In this scenario, coal’s share of energy use drops from 75% in 2020 to 22% in 2050, assuming carbon capture use and storage is available and by 2030 technologies that are already on the market, including scrap-EAF, deliver 85% of emissions savings in the steel sector. Scrap steel reaches 46% share of input in steel manufacturing globally by 2050 in this scenario.

IEEFA analysts Simon Nicholas and Soroush Basirat said “Steel recycling is mature and cost-competitive. The quality of steel made from recycled scrap is on the rise even as carbon emissions from the process are poised to drop further with the continuing roll out of renewable energy. The energy consumption of BF-BOF processes is almost 10 times that of scrap-EAF. In addition, the direct emission of a BF-BOF process using iron ore and coal is 30 times higher than a scrap-based process.”

They said “Meanwhile, the use of scrap steel in EAFs is already a widely practiced, lower-emission steel production method. It is not on its own a solution to fully decarbonize the steel sector, but it is poised to help the global steel sector reduce emissions for the rest of the 2020s and in following decades. This strongly hints at the potential for more scrap use in economies such as China, Japan and South Korea where steel recycling rates are much lower.”

Globally in 2020, steel produced from EAFs amounted to 26% of the world’s crude steel production, the bulk of it using scrap as feedstock. Rates of steel recycling, percentage of EAF steel output, in Asia are much lower than in the US, Europe

US – 71%

Turkey – 69%

EU 28 – 42%

Russia – 32%

South Korea – 31%

Japan – 25%

China – 9%

The analysts examine the prospects for China as whatever impacts the Chinese steel sector impacts the industry globally

1. In 2020, China produced 57% of the world’s crude steel with 91% manufactured via the BF-BOF process. Just 9% was produced via EAFs.

2. By adopting steel recycling, China would improve its resource security by reducing its reliance on Australia’s iron ore and coking coal. Beijing already has a ban on Australian coal imports in place and has recently resumed scrap steel imports. China’s scrap steel consumption surged 47% to 138 million tonnes in the first half of 2021.

3. Under the International Energy Agency’s Announced Pledges Scenario, which reflects China’s targets to reach net zero emissions in 2060 and peak carbon emissions before 2030, output from scrap-based EAFs nearly doubles by 2030 and more than triples by 2060. By 2060, the majority of steel in China would be produced via the scrap-EAF route under this scenario.

Carbon Emission and Energy Consumption of Different Steelmaking Routes

Direct C02(t)/Crude Steel (t) Scrap - EAF 0.04; BF-BOF 1.2; Scrap DRI 1.0

Direct and Indirect C02 /Ton of Crude Steel - EAF 0.3; BF-BOF 2.2; Scrap DRI 1.4

Energy Consumption (GJ/t) Worldsteel - EAF 5.2; BF-BOF 22.7; Scrap DRI 21.8

The full IEEFA report can be viewed.

Bijlage:

voda 20 december 2021 07:34

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AI Firm Samotics Completes Series A Funding Round

Strategic Research Institute
Published on :
20 Dec, 2021, 4:30 am

Leading provider of real-time actionable insights to eliminate industrial energy waste and unplanned downtime Samotics has completed a EUR 14.5 million Series A funding round. The round was led by 83North, a global venture capital firm with a proven track record in building category leaders across multiple domains including Internet of Things and Artificial Intelligence technologies.

Samotics’ Software-as-a-Service (SaaS) platform uses AI to analyze the current and voltage signals of electric-driven motor systems, known as electrical signature analysis, to prevent asset failure, optimize performance and improve energy efficiency. This offers unique benefits in harsh industrial environments (e.g. submerged pumps, hot strip mills) and is already being implemented at scale across the wastewater and water, steel, and chemical sectors. With a fast-growing base of high-profile customers and thousands of assets monitored, Samotics is scaling a solution that has the potential to cut global electricity consumption by at least 10%.

Supported by the tailwinds of the energy and condition monitoring markets growing at above 25% yearly, Samotics plans to leverage this latest round of funding to supercharge its growth. The investment will bolster the expansion of its customer base in existing and new markets, drive the development of its technology platform capabilities across both energy and condition monitoring, and grow the Samotics team by acquiring top technology and business talent.

voda 20 december 2021 07:34

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Tata Steel Features in Top 10 Companies in Steel Industry in DJSI

Strategic Research Institute
Published on :
20 Dec, 2021, 4:31 am

Tata Steel has featured amongst the top 10 steel companies in Dow Jones Sustainability Indices Corporate Sustainability Assessment 2021. The Company has retained its position in the DJSI Emerging Markets Index for the 10th consecutive year. Tata Steel is also one of the top 15 companies from India who made it to the EM Index that currently comprises 109 companies. Under sustainability, Tata Steel scored the highest score in the following categories such as codes of business conduct, risk and crisis management, environmental reporting, operational eco-efficiency, corporate, citizenship and philanthropy, and social reporting.

For the 2021 Corporate Sustainability Assessment, 5,300 companies were eligible for inclusion and were invited to participate. A record 1,843 companies participated in the assessment this year. The participating companies now represent 45% of global market capitalisation relative to the S&P Global BMI (Broad Market Index), up from 32% in 2020.

The DJSI Corporate Sustainability Assessment is an annual evaluation of companies’ sustainability practices since 1999. Each year, over 7000 companies around the world are assessed on Economic/Governance, Environmental and Social dimensions focusing on criteria that are both industry-specific and financially material. The DJSI scoring methodology has become gradually stringent in last few years, especially for high ESG impact industries like Steel, Mining etc.

voda 20 december 2021 07:36

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Hyundai Steel Using Cattle Excrement Solid Fuel in Steel Making

Strategic Research Institute
Published on :
20 Dec, 2021, 4:33 am

Business Korea reported that Hyundai Steel has started to reduce greenhouse gas emissions by using cattle manure in its steelmaking process. The plan is to recycle livestock waste and reduce greenhouse gases by using eco-friendly fuels based on excrement from cows instead of coal. Hyundai Steel signed a business agreement with the Ministry of Agriculture, Food and Rural Affairs and the National Agricultural Cooperative Federation to promote production and use of solid fuel based on cows’ feces. Hyundai Steel plans to consider injecting solid fuel based on cows’ feces as furnace fuel after conducting operational tests in the future.

Hyundai Steel and the two organizations aim to kill two birds with one stone by changing livestock manure, a headache for livestock farmers, into a solid fuel, reducing livestock manure and using them as an eco-friendly fuel in steel mills. Four tons of livestock waste can be processed into one ton of solid fuels based on cattle excrement. This means that 1.5 tons of greenhouse gas emissions do not take place.

About 22 million tons of cattle excrement are generated every year in Korea but most of them are used as compost. Korea has generated more than two million tons of greenhouse gases annually. The Ministry of Agriculture, Food and Rural Affairs believes that even if only 10 percent of the cattle excrement is solid fuel, greenhouse gas emissions can be reduced by about 300,000 tons.

In addition, one ton of manure-based solid fuel generates as much energy as 0.5 tons of bituminous coal. Therefore, using manure-based solid fuels instead of bituminous coal not only reduces greenhouse gas emissions but cuts down on the cost of importing bituminous coal.

Hyundai Steel began developing a technology that uses cattle excrement as a steel mill fuel in 2012 and applied for a patent in 2014. The problems of cattle feces collection and solid fuel manufacturing have impeded the commercialization of the technology along with economic feasibility.

voda 20 december 2021 07:36

0

Steel Minister Meets Steel Makers in Mandi Gobindgarh in Punjab

Strategic Research Institute
Published on :
20 Dec, 2021, 4:35 am

The National Institute of Secondary Steel Technology Mandi Gobindgarh organized an interactive meet of industrialists from steel industry with Union Minister of Steel Mr Ram Chandra Prasad Singh in Mandi Gobindgarh in Punjab. Mr Singh emphasized that secondary steel sector is an important part of Indian steel sector and the target of achieving 300 million tonnes of steel capacity by the year 2030-31 can’t be achieved without active participation of secondary steel sector. Further, he said to achieve this the secondary steel sector needs to upgrade itself and assured full help to the sector on behalf of Ministry of Steel.

Mr Singh informed that the present government has decriminalized many acts for better industry environment and ease of doing business. He said that secondary steel sector has to contribute significantly in making Atmanirbhar Bharat.

The meet was supported by national and local Associations like All India Steel Reroller’s Association, All India Induction Furnace Association and Mandi Gobindgarh Furnace Association.

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